Page. AUTHORIZATION OF NOTES 1 Section 1.1. Series A Notes 1 Section 1.2. Subsequent Series 1 SECTION 2. SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 Section 2.1. Purchase and Sale of Notes 2 Section 2.2. Guarantees 2 Section 2.3. Subsequent Sales 4 SECTION 3. CLOSING 4 SECTION 4. CONDITIONS TO CLOSING 5 Section 4.1. Representations and Warranties 5 Section 4.2. Performance; No Default 6 Section 4.3. Compliance Certificates 6 Section 4.4. Opinions of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 5.1. Organization; Power and Authority 9 Section 5.2. Authorization, Etc. 9 Section 5.3. Disclosure 9 Section 5.4. Organization and Ownership of Shares of Subsidiaries 9 Section 5.5. Financial Statements 10 Section 5.6. Compliance with Laws, Other Instruments, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering by the Company 12 Section 5.14. Use of Proceeds; Margin Regulations 12 Section 5.15. Existing Debt 13 Section 5.16. Foreign Assets Control Regulations, Etc. 13 Section 5.17. Status under Certain Statutes 13 Section 5.18. Pledge Agreements 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 14 Section 6.1. Purchase for Investment 14 Section 6.2. Source of Funds 14 SECTION 7. INFORMATION AS TO THE COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Inspection 18 SECTION 8. PREPAYMENT OF THE NOTES 19 Section 8.1. Required Prepayments 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 20 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 22 Section 9.1. Compliance with Law 22 Section 9.2. Insurance 22 Section 9.3. Maintenance of Properties 22 Section 9.4. Payment of Taxes 22 Section 9.5. Corporate Existence, Etc. 23 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Limitations on Debt 24 Section 10.3. Limitation on Liens 25 Section 10.4. Mergers and Consolidations, Etc 27 Section 10.5. Sale of Assets 28 Section 10.6. Transactions with Affiliates 30 Section 10.7. Designation of Subsidiaries 30 SECTION 11. EVENTS OF DEFAULT 31 SECTION 12. REMEDIES ON DEFAULT, ETC. 33 Section 12.1. Acceleration 33 Section 12.2. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Section 22.3. Severability 42 Section 22.4. Construction 42 Section 22.5. Counterparts 42 Section 22.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:
Appears in 1 contract
Page. AUTHORIZATION OF NOTES 1 Citizenship; Flag of Vessel; Vessel Classifications; Operation of Vessels 129 Section 1.1. Series A Notes 1 Section 1.2. Subsequent Series 1 SECTION 2. SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 Section 2.1. Purchase and Sale of Notes 2 Section 2.2. Guarantees 2 Section 2.3. Subsequent Sales 4 SECTION 3. CLOSING 4 SECTION 4. CONDITIONS TO CLOSING 5 Section 4.1. Representations and Warranties 5 Section 4.2. Performance; No Default 6 Section 4.3. Compliance Certificates 6 Section 4.4. Opinions of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 5.1. Organization; Power and Authority 9 Section 5.2. Authorization, Etc. 9 Section 5.3. Disclosure 9 Section 5.4. Organization and Ownership of Shares 5.17 Designation of Subsidiaries 9 131 Section 5.5. Financial Statements 10 5.18 Material Agreements 132 Section 5.6. Compliance with Laws, Other Instruments, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering by the Company 12 Section 5.14. Use of Proceeds; Margin Regulations 12 Section 5.15. Existing Debt 13 Section 5.16. Foreign Assets Control Regulations, Etc. 13 Section 5.17. Status under Certain Statutes 13 Section 5.18. Pledge Agreements 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 14 Section 6.1. Purchase for Investment 14 Section 6.2. Source of Funds 14 SECTION 7. INFORMATION AS TO THE COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Inspection 18 SECTION 8. PREPAYMENT OF THE NOTES 19 Section 8.1. Required Prepayments 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 20 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 22 Section 9.1. Compliance with Law 22 Section 9.2. Insurance 22 Section 9.3. Maintenance of Properties 22 Section 9.4. Payment of Taxes 22 Section 9.5. Corporate Existence, Etc. 23 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 SECTION 10. 5.19 Ship Management 132 ARTICLE VI NEGATIVE COVENANTS 24 132 Section 10.1. Consolidated Net Worth 24 6.01 Indebtedness 132 Section 10.2. Limitations on Debt 24 6.02 Liens 134 Section 10.3. Limitation on Liens 25 6.03 Sale and Leaseback Transactions 137 Section 10.4. 6.04 Investments, Loans and Advances 138 Section 6.05 Mergers and Consolidations, Etc 27 Consolidations 139 Section 10.5. Sale of Assets 28 6.06 Asset Sales 140 Section 10.6. 6.07 Acquisitions 142 Section 6.08 Dividends 142 Section 6.09 Transactions with Affiliates 30 143 Section 10.7. Designation 6.10 Financial Covenant 144 Section 6.11 Prepayments of Subsidiaries 30 SECTION 11. EVENTS OF DEFAULT 31 SECTION 12. REMEDIES ON DEFAULT, ETC. 33 Section 12.1. Acceleration 33 Section 12.2. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election Indebtedness; Modifications of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer Organizational Documents and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Section 22.3. Severability 42 Section 22.4. Construction 42 Section 22.5. Counterparts 42 Section 22.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — PatentsCertain Other Documents, etc. SCHEDULE 5.14 — Use 144 Section 6.12 Limitation on Certain Restrictions on Subsidiaries 145 Section 6.13 Limitation on Issuance of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1Capital Stock 145 Section 6.14 Business 146 Section 6.15 Limitation on Accounting Changes 146 Section 6.16 Fiscal Periods 146 Section 6.17 No Further Negative Pledge 146 Section 6.18 Anti-A — Form Terrorism Law; Anti-Money Laundering 147 Section 6.19 Embargoed Person 147 Section 6.20 Restrictions on Chartering, etc. 147 Section 6.21 Additional Holdings Covenants 147 Section 6.22 Amended Reorganization Plan and Confirmation Order 147 ARTICLE VII GUARANTEE 148 Section 7.01 The Guarantee 148 Section 7.02 Obligations Unconditional 149 Section 7.03 Reinstatement 149 Section 7.04 Subrogation; Subordination 149 Section 7.05 Remedies 149 Section 7.06 Instrument for the Payment of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form Money 149 Section 7.07 Continuing Guarantee 150 Section 7.08 General Limitation on Guarantee Obligations 150 Section 7.09 Release of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form Guarantors 150 Section 7.10 Right of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:Contribution 150 Section 7.11 Keepwell 150
Appears in 1 contract
Samples: Abl Credit Agreement (Overseas Shipholding Group Inc)
Page. AUTHORIZATION OF NOTES SECTION 1. BASIC DEFINITIONS 1 Section 1.1. Series A Notes Closing Date 1 Section 1.2. Subsequent Series Contract Period 1 Section 1.3. Due Diligence Period 1 Section 1.4. Personal Property 1 Section 1.5. Property 1 Section 1.6. Real Property 1 Section 1.7. Title Company 1 SECTION 2. PURCHASE AND SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 1 Section 2.1. Purchase and Sale of Notes 2 1 Section 2.2. Guarantees 2 Purchase Price 1 Section 2.3. Subsequent Sales 4 Buyer’s Review and Seller’s Disclaimer 2 Section 2.4. Approval of Title Exceptions 6 SECTION 3. CLOSING 4 CONDITIONS PRECEDENT 7 Section 3.1. Buyer’s Conditions 7 Section 3.2. Seller’s Conditions 8 Section 3.3. Waiver of Conditions Precedent 9 SECTION 4. CONDITIONS TO CLOSING 5 COVENANTS, WARRANTIES AND REPRESENTATIONS 6 Section 4.1. Seller’s Warranties and Representations and Warranties 5 9 Section 4.2. Performance; No Default 6 Seller’s Covenants 10 Section 4.3. Compliance Certificates 6 Section 4.4. Opinions of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing Buyer’s Warranties and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 Representations 11 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 5.1. Organization; Power and Authority 9 Section 5.2. Authorization, Etc. 9 Section 5.3. Disclosure 9 Section 5.4. Organization and Ownership of Shares of Subsidiaries 9 Section 5.5. Financial Statements 10 Section 5.6. Compliance with Laws, Other Instruments, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes DEPOSIT 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering by the Company 12 Section 5.14. Use of Proceeds; Margin Regulations 12 Section 5.15. Existing Debt 13 Section 5.16. Foreign Assets Control Regulations, Etc. 13 Section 5.17. Status under Certain Statutes 13 Section 5.18. Pledge Agreements 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 14 Section 6.1. Purchase for Investment 14 Section 6.2. Source of Funds 14 BUYER’S DEFAULT AND LIQUIDATED DAMAGES 9 SECTION 7. INFORMATION AS TO THE COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Inspection 18 SELLER’S DEFAULT 12 SECTION 8. PREPAYMENT OF THE NOTES 19 ESCROW AND CLOSING 13 Section 8.1. Required Prepayments 19 Escrow Arrangements 13 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Closing 14 Section 8.3. Allocation Filing of Partial Prepayments 19 Reports 14 Section 8.4. Maturity; Surrender, Etc. 20 Prorations and Real Estate Taxes 14 Section 8.5. Purchase of Notes 20 Other Closing Costs 15 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 22 Section 9.1. Compliance with Law 22 Section 9.2. Insurance 22 Section 9.3. Maintenance of Properties 22 Section 9.4. Payment of Taxes 22 Section 9.5. Corporate Existence, Etc. 23 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Limitations on Debt 24 Section 10.3. Limitation on Liens 25 Section 10.4. Mergers and Consolidations, Etc 27 Section 10.5. Sale of Assets 28 Section 10.6. Transactions with Affiliates 30 Section 10.7. Designation of Subsidiaries 30 SECTION 11. EVENTS OF DEFAULT 31 SECTION 12. REMEDIES ON DEFAULT, ETC. 33 Section 12.1. Acceleration 33 Section 12.2. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION Possession 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Section 22.3. Severability 42 Section 22.4. Construction 42 Section 22.5. Counterparts 42 Section 22.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:
Appears in 1 contract
Samples: Purchase and Sale Agreement (Sanfilippo John B & Son Inc)
Page. AUTHORIZATION OF NOTES SECTION 1. DEFINITIONS; INTERPRETATION 1 Section 1.1. Series A Notes Definitions 1 Section 1.2. Subsequent Series 1 Interpretation 13 Section 1.3. Change in Accounting Principles 14 SECTION 2. SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 THE CREDIT FACILITIES 14 Section 2.1. Purchase and Sale of Notes 2 Commitments 14 Section 2.2. Guarantees 2 Letters of Credit 15 Section 2.3. Subsequent Sales 4 Applicable Interest Rates 18 Section 2.4. Manner of Borrowing Loans and Designating Applicable Interest Rates 19 Section 2.5. Minimum Borrowing Amounts; Maximum Eurodollar Loans 20 Section 2.6. Maturity of Loans 21 Section 2.7. Prepayments 21 Section 2.8. Place and Application of Payments 21 Section 2.9. Commitment Terminations 22 Section 2.10. The Notes 23 Section 2.11. Fees 23 Section 2.12. Swing Loans 24 SECTION 3. CLOSING 4 CONDITIONS PRECEDENT 26 Section 3.1. All Credit Events 26 Section 3.2. Initial Credit Event 26 SECTION 4. CONDITIONS TO CLOSING 5 THE GUARANTIES 28 Section 4.1. Representations and Warranties 5 Guaranties 28 Section 4.2. Performance; No Default 6 Further Assurances 28 Section 4.3. Compliance Certificates 6 Guarantor Release 28 Section 4.4. Opinions Exclusion of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 Foreign Subsidiaries 28 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 28 Section 5.1. Organization; Power Organization and Authority 9 Qualification 28 Section 5.2. Authorization, Etc. 9 Authority and Enforceability 29 Section 5.3. Disclosure 9 Financial Reports 29 Section 5.4. Organization and Ownership of Shares of Subsidiaries 9 No Material Adverse Effect 29 Section 5.5. Financial Statements 10 Litigation and other Controversies 29 Section 5.6. Compliance with Laws, Other Instruments, Etc. 10 True and Complete Disclosure 30 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering by the Company 12 Section 5.14. Use of Proceeds; Margin Regulations 12 Stock 30 Section 5.8. Taxes 30 Section 5.9. ERISA 30 Section 5.10. Material Subsidiaries 30 Section 5.11. Compliance with Laws 30 Section 5.12. Environmental Matters 31 Section 5.13. Investment Company; Public Utility Holding Company 31 Section 5.14. Intellectual Property 31 Section 5.15. Existing Debt 13 Good Title 31 Section 5.16. Foreign Assets Control Regulations, Etc. 13 Labor Relations 32 Section 5.17. Status under Certain Statutes 13 Indebtedness 32 Section 5.18. Pledge Capitalization 32 Section 5.19. Other Agreements 13 32 Section 5.20. Governmental Authority and Licensing 32 Section 5.21. Approvals 32 Section 5.22. Affiliate Transactions 33 Section 5.23. Solvency 33 SECTION 6. REPRESENTATIONS OF THE PURCHASER 14 COVENANTS 33 Section 6.1. Purchase for Investment 14 Information Covenants 33 Section 6.2. Source Inspections 35 Section 6.3. Maintenance of Funds 14 SECTION 7Property, Insurance, Environmental Matters, etc 35 Section 6.4. INFORMATION AS TO THE COMPANY 15 Preservation of Existence 36 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Inspection 18 SECTION 8. PREPAYMENT OF THE NOTES 19 Section 8.1. Required Prepayments 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 20 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 22 Section 9.16.5. Compliance with Law 22 Laws 36 Section 9.26.6. Insurance 22 ERISA 36 Section 9.3. Maintenance of Properties 22 Section 9.46.7. Payment of Taxes 22 37 Section 9.56.8. Corporate ExistenceContracts With Affiliates 37 Section 6.9. No Changes in Fiscal Year 37 Section 6.10. Change in the Nature of Business 37 Section 6.11. Indebtedness 37 Section 6.12. Liens 38 Section 6.13. Consolidation, EtcMerger, Sale of Assets, etc 39 Section 6.14. 23 Advances, Investments and Loans 40 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Limitations on Debt 24 Section 10.36.15. Limitation on Liens 25 Restrictions 42 Section 10.46.16. Mergers and Consolidations, Etc 27 Section 10.5. Sale Notice of Assets 28 Section 10.6. Transactions with Affiliates 30 Section 10.7. Designation the Creation of Subsidiaries 30 42 Section 6.17. Dividends and Other Restricted Payments 42 Section 6.18. Financial Covenants 42 Section 6.19. Limitation on Non-Material Subsidiaries 42 SECTION 117. EVENTS OF DEFAULT 31 SECTION 12AND REMEDIES 43 Section 7.1. REMEDIES ON DEFAULT, ETCEvents of Default 43 Section 7.2. 33 Section 12.1. Acceleration 33 Section 12.2. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Bankruptcy Defaults 45 Section 22.37.3. Severability 42 Bankruptcy Defaults 45 Section 22.47.4. Construction 42 Collateral for Undrawn Letters of Credit 45 Section 22.57.5. Counterparts 42 Notice of Default 46 Section 22.67.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:Expenses 46
Appears in 1 contract
Samples: Credit Agreement (American Pharmaceutical Partners Inc /De/)
Page. AUTHORIZATION OF NOTES The Credits 1 Section 1.1. Series A Notes Revolving Credit 1 Section 1.2. Subsequent Series Revolving Credit Loans 1 SECTION Section 1.3. Letters of Credit 2 Section 1.4. Term Credit 3 Section 1.5. Manner and Disbursement of Loans 4 Section 2. SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 Interest and Change In Circumstances 5 Section 2.1. Purchase and Sale of Notes 2 Interest Rate Options 5 Section 2.2. Guarantees 2 Minimum LIBOR Portions 6 Section 2.3. Subsequent Sales 4 SECTION Computation of Interest 6 Section 2.4. Manner of Rate Selection 6 Section 2.5. Change of Law 6 Section 2.6 Unavailability of Deposits or Inability to Ascertain Adjusted LIBOR 7 Section 2.7. Taxes and Increased Costs 7 Section 2.8. Funding Indemnity 8 Section 2.9. Lending Branch 8 Section 2.10. Discretion of Lender as to Manner of Funding 8 Section 3. CLOSING 4 SECTION Fees, Prepayments, Terminations, and Applications 9 Section 3.1. Fees 9 Section 3.2. Voluntary Prepayments 9 Section 3.3. Mandatory Termination 10 Section 3.4. Voluntary Terminations 10 Section 3.5. Place and Application of Payments 10 Section 3.6. Notations 10 Section 4. CONDITIONS TO CLOSING 5 Definitions; Interpretation 11 Section 4.1. Definitions 11 Section 4.2. Interpretation 17 Section 5. Representations and Warranties 5 Section 4.2. Performance; No Default 6 Section 4.3. Compliance Certificates 6 Section 4.4. Opinions of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 18 Section 5.1. Organization; Power Organization and Authority 9 Qualification 18 Section 5.2. Authorization, Etc. 9 Subsidiaries 18 Section 5.3. Disclosure 9 Corporate Authority and Validity of Obligations 19 Section 5.4. Organization and Ownership of Shares of Subsidiaries 9 Section 5.5. Financial Statements 10 Section 5.6. Compliance with Laws, Other Instruments, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering by the Company 12 Section 5.14. Use of Proceeds; Margin Regulations 12 Stock 19 Section 5.155.5. Existing Debt 13 Financial Reports 19 Section 5.6. No Material Adverse Change 20 Section 5.7. Full Disclosure 20 Section 5.8. Good Title 20 Section 5.9. Litigation and Other Controversies 20 Section 5.10. Taxes 20 Section 5.11. Approvals 21 Section 5.12. Affiliate Transactions 21 Section 5.13. Investment Company; Public Utility Holding Company 21 Section5.14. ERISA 21 Section5.15. Compliance with Laws 21 Section 5.16. Foreign Assets Control Regulations, Etc. 13 Other Agreements 22 Section 5.17. Status under Certain Statutes 13 Merger 22 Section 5.18. Pledge Agreements 13 SECTION No Default 22 Section 6. REPRESENTATIONS OF THE PURCHASER 14 Conditions Precedent 22 Section 6.1. Purchase for Investment 14 All Advances 23 Section 6.2. Source of Funds 14 SECTION Initial Advance 23 Section 7. INFORMATION AS TO THE COMPANY 15 Covenants 24 Section 7.1. Financial and Maintenance of Business Information 15 24 Section 7.2. Officer’s Certificate 18 Section 7.3. Inspection 18 SECTION 8. PREPAYMENT OF THE NOTES 19 Section 8.1. Required Prepayments 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 20 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 22 Section 9.1. Compliance with Law 22 Section 9.2. Insurance 22 Section 9.3. Maintenance of Properties 22 25 Section 9.47.3. Payment of Taxes 22 and Assessments 25 Section 9.57.4. Corporate Existence, EtcInsurance 25 Section 7.5. 23 Financial Reports 26 Section 9.67.6. Notes to Rank Pari Passu 23 Inspection 27 Section 9.77.7. Guaranty by Subsidiaries 23 Non-Performing Assets 28 Section 9.87.8. Stock Pledges 23 SECTION 10Regulatory Capital Requirements 28 Section 7.9. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Adjusted Net Worth 24 28 Section 10.27.10. Limitations on Debt 24 Adjusted Net Income 28 Section 10.37.11. Limitation on Indebtedness for Borrowed Money 28 Section 7.12. Liens 25 30 Section 10.47.13. Mergers and Consolidations, Etc 27 Section 10.5. Sale of Assets 28 Section 10.6. Transactions with Affiliates Consolidations 30 Section 10.77.14. Designation Maintenance of Subsidiaries 30 SECTION 11Section 7.15. EVENTS OF DEFAULT Dividends and Certain Other Restricted Payments 30 Section 7.16. ERISA 30 Section 7.17. Compliance with Laws 30 Section 7.18. Burdensome Contracts With Affiliates 31 SECTION 12Section 7.19. REMEDIES ON DEFAULT, ETCChange in the Nature of Business 31 Section 7.20. Subordinated Debt 31 Section 8. Events of Default and Remedies 31 Section 8.1. Events of Default 31 Section 8.2. Non-Bankruptcy Defaults 33 Section 12.18.3. Acceleration Bankruptcy Defaults 33 Section 12.28.4. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election Collateral for Undrawn Letters of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Section 22.3. Severability 42 Section 22.4. Construction 42 Section 22.5. Counterparts 42 Section 22.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:Credit 34
Appears in 1 contract
Samples: Credit Agreement (Maf Bancorp Inc)
Page. AUTHORIZATION OF NOTES 1 Issuer’s, Trustee’s, and Fiscal Agent’s Expenses; Release and Indemnification Provisions 11 Section 1.16.3. Series A Notes 1 Maintenance of Existence 12 Section 1.26.4. Subsequent Series 1 SECTION 2Agreement of Issuer Not to Assign or Pledge 12 Section 6.5. SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 Redemption of Bonds 12 Section 2.16.6. Purchase and Reference to Bonds Ineffective After Bonds Paid 13 Section 6.7. Assignment, Sale or Lease of Notes 2 Project 13 Section 2.26.8. Guarantees 2 Financing Statements 13 Section 2.3. Subsequent Sales 4 SECTION 3. CLOSING 4 SECTION 4. CONDITIONS TO CLOSING 5 Section 4.1. Representations and Warranties 5 Section 4.2. Performance; No Default 6 Section 4.3. Compliance Certificates 6 Section 4.4. Opinions of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 5.1. Organization; Power and Authority 9 Section 5.2. Authorization, Etc. 9 Section 5.3. Disclosure 9 Section 5.4. Organization and Ownership of Shares of Subsidiaries 9 Section 5.5. Financial Statements 10 Section 5.66.9. Compliance with Laws, Other Instruments, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering by the Company 12 Section 5.14. Use of Proceeds; Margin Regulations 12 Section 5.15. Existing Debt Credit Agreement 13 Section 5.166.10. Foreign Assets Control Regulations, Etc. Inspection of Project 13 Section 5.176.11. Status under Certain Statutes Project List 13 Section 5.186.12. Pledge Agreements No Warranty of Condition or Suitability by Issuer 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER Section 6.13 Depreciation and Investment Tax Credit 14 Section 6.16.14. Purchase for Investment Alteration of Project 14 Section 6.26.15. Source Release of Funds Certain Land from the Agreement 14 SECTION 7Section 6.16. INFORMATION AS TO THE COMPANY Removal of Project Equipment 15 Section 6.17. Additions to Project 16 Section 6.18. Gross Receipts and Compensating Tax 16 Section 6.19. Assessment in the Company’s Name 16 Section 6.20. Payment in Lieu of Taxes 17 Section 6.21. Employment Matters 17 ARTICLE VII—DEFAULT AND REMEDIES 17 Section 7.1. Financial and Business Information 15 Events of Default 17 Section 7.2. Officer’s Certificate Remedies 18 Section 7.3. Inspection 18 SECTION 8No Remedies Exclusive 19 Section 7.4. PREPAYMENT OF THE NOTES Agreement to Pay Counsel Fees and Expenses 19 Section 7.5. Waiver of Events of Default and Rescission of Acceleration 19 ARTICLE VIII—SUPPLEMENTAL LEASE AGREEMENTS 20 Section 8.1. Required Prepayments 19 Supplemental Lease Agreements without Consent of Bondowners 20 Section 8.2. Optional Prepayments Supplemental Lease Agreements with Make-Whole Amount 19 Consent of Bondowners 20 Section 8.3. Allocation Execution of Partial Prepayments 19 Supplemental Lease Agreements 20 Section 8.4. Maturity; Surrender, Etc. 20 Effect of Supplemental Lease Agreements 21 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 22 Reference in Bonds to Supplemental Lease Agreements 21 ARTICLE IX—PREPAYMENT AND ACCELERATION OF LEASE PAYMENTS 21 Section 9.1. Compliance with Law 22 Prepayment at the Option of the Company 21 Section 9.2. Insurance 22 21 Section 9.3. Maintenance of Properties 22 Mandatory Prepayment Upon Certain Events 21 Section 9.4. Payment of Taxes 22 Right to Prepay at Any Time 21 Section 9.5. Corporate Existence, Etc. 23 Notice of Prepayment 21 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 SECTION 10. NEGATIVE COVENANTS 24 Precedence of this Article 22 ARTICLE X—OPTION TO PURCHASE THE PROJECT 22 Section 10.1. Consolidated Net Worth 24 Option to Purchase the Project 22 Section 10.2. Limitations on Debt 24 Conveyance of the Project and Site 22 Section 10.3. Limitation on Liens 25 Relative Position of Option and Indenture 23 Section 10.4. Mergers Mandatory Purchase of Project Property 23 ARTICLE XI—TERM AND TERMINATION OF LEASE AGREEMENT 23 Section 11.1. Term of Lease Agreement 23 Section 11.2. Termination and Consolidations, Etc 27 Discharge of Lease Agreement 23 Section 10.511.3. Sale of Assets 28 Section 10.6. Transactions with Affiliates 30 Section 10.7. Designation of Subsidiaries 30 SECTION 11. EVENTS OF DEFAULT 31 SECTION 12. REMEDIES ON DEFAULT, ETC. 33 Amounts Remaining in Funds 23 ARTICLE XII—MISCELLANEOUS PROVISIONS 24 Section 12.1. Acceleration 33 Notices 24 Section 12.2. Other Remedies 34 Further Assurances 24 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Saturdays, Sundays and Holidays 24 Section 22.312.4. Issuer’s Obligations Limited 24 Section 12.5. Immunity of Officers, Employees and Directors of the Issuer and the Company 25 Section 12.6. Net Lease 25 Section 12.7. Benefit of Lease Agreement 25 Section 12.8. Severability 42 26 Section 22.412.9. Construction 42 Amendments, Changes and Modifications 26 Section 22.512.10. Counterparts 42 26 Section 22.612.11. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver 26 THIS LEASE AGREEMENT (the “Lease Agreement” or “Agreement”), dated as of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of September 1, 2005 between Bernalillo County, New Mexico (the Company “Issuer”), and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — PatentsTempur Production USA, etc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior NoteInc., Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation a Virginia Corporation (the “Company”), agrees with you as follows:;
Appears in 1 contract
Page. AUTHORIZATION OF NOTES 1 Section 1.1. Series A Notes 1 Section 1.2. Subsequent Series 1 SECTION 2. SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES Definitions 2 Section 2.1. Purchase and Sale 1.1 Use of Notes Defined Terms 2 Section 2.2. Guarantees 1.2 Definitions 2 Section 2.3. Subsequent Sales 4 SECTION 3. CLOSING 4 SECTION 4. CONDITIONS TO CLOSING 5 Section 4.1. 1.3 Certain Words and References 7 Article II — Determination and Representations and Warranties 5 Section 4.2. Performance; No Default 6 Section 4.3. Compliance Certificates 6 Section 4.4. Opinions of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 2.1 Determinations of the Director 8 Section 4.11. Changes in Corporate Structure 2.2 Representations, Warranties and Agreements of the Company 8 Section 4.12. Funding Instructions 8 2.3 Miscellaneous Information Regarding the Company 10 Article III — Loan, Provision of the Project and Conditions to Disbursement 12 Section 4.13. Proceedings 3.1 State Loan 12 Section 3.2 Provision of the Project 12 Section 3.3 Establishment Of Completion Date 12 Section 3.4 Company Required to Pay Costs in Event State Loan Proceeds Insufficient 13 Section 3.5 Plans and Documents 8 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Specifications; Inspections 13 Section 5.1. Organization; Power 3.6 Conditions to Disbursement of the State Loan 14 Section 3.7 Disbursement of the State Loan 15 Article IV — Maintenance, Taxes and Authority 9 Insurance 17 Section 5.2. Authorization, Etc. 9 Section 5.3. Disclosure 9 Section 5.4. Organization 4.1 Maintenance and Ownership Modifications of Shares of Subsidiaries 9 Section 5.5. Financial Statements 10 Section 5.6. Compliance with Laws, Other Instruments, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering Project by the Company 12 17 Section 5.144.2 Removal of Project Facilities. Use of Proceeds; Margin Regulations 12 17 Section 5.15. Existing Debt 13 4.3 Indemnification by the Company 17 Section 5.16. Foreign Assets Control Regulations4.4 Taxes, Etc. 13 Section 5.17. Status under Certain Statutes 13 Section 5.18. Pledge Agreements 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 14 Section 6.1. Purchase for Investment 14 Section 6.2. Source of Funds 14 SECTION 7. INFORMATION AS TO THE COMPANY 15 Section 7.1. Financial Other Governmental Charges and Business Information 15 Section 7.2. Officer’s Certificate Utility Charges 18 Section 7.3. Inspection 4.5 Advances 18 SECTION 8. PREPAYMENT OF THE NOTES 19 Section 8.1. Required Prepayments 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 20 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 4.6 Environmental Matters 18 Article V — Special Covenants 22 Section 9.1. Compliance with Law 5.1 No Warranty of Condition or Suitability 22 Section 9.2. Insurance 5.2 Right of Access to the Project 22 Section 9.3. Maintenance of Properties 5.3 Information Concerning Operations 22 Section 9.4. Payment of Taxes 5.4 Affirmative Covenants Of The Company 22 Section 9.5. Corporate Existence, Etc. 23 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Limitations on Debt 24 Section 10.3. Limitation on Liens 5.5 Negative Covenants Of The Company 25 Section 10.4. Mergers 5.6 Mechanics’ and ConsolidationsOther Liens 26 Section 5.7 Assignment, Etc Sale or Lease by the Company 26 Article VI — Events of Default and Remedies 27 Section 10.5. Sale 6.1 Events of Assets Default 27 Section 6.2 Remedies 28 Section 10.6. Transactions with Affiliates 30 Section 10.7. Designation of Subsidiaries 30 SECTION 11. EVENTS OF DEFAULT 31 SECTION 12. REMEDIES ON DEFAULT, ETC. 33 Section 12.1. Acceleration 33 Section 12.2. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. 6.3 No Waivers or Election of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Section 22.3. Severability 42 Section 22.4. Construction 42 Section 22.5. Counterparts 42 Section 22.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:Remedy Exclusive 28
Appears in 1 contract
Samples: Loan Agreement (First Solar, Inc.)
Page. SECTION 1. AUTHORIZATION OF NOTES 1 Section 1.1. Series A Notes 1 Section 1.2. Subsequent Series 1 SECTION 2. SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 Section 2.1. Purchase and Sale of Notes 2 Section 2.2. Guarantees 2 Section 2.3. Subsequent Sales 4 NOTES 1 SECTION 3. CLOSING 4 1 SECTION 4. CONDITIONS TO CLOSING 5 2 Section 4.1. 4.1 Representations and Warranties 5 2 Section 4.2. 4.2 Performance; No Default 6 2 Section 4.3. 4.3 Compliance Certificates 6 2 Section 4.4. 4.4 Opinions of Counsel 7 2 Section 4.5. 4.5 Purchase Permitted By by Applicable Law, Etc. 7 2 Section 4.6. Sale of Other Notes 7 4.6 Related Transactions 3 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. 4.7 Payment of Special Counsel Fees. 8 Fees 3 Section 4.10. 4.8 Private Placement Number 8 3 Section 4.11. 4.9 Changes in Corporate Structure 8 3 Section 4.12. 4.10 Funding Instructions 8 3 Section 4.13. 4.11 Proceedings and Documents 8 3 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 3 Section 5.1. 5.1 Organization; Power and Authority 9 3 Section 5.2. 5.2 Authorization, Etc. 9 4 Section 5.3. 5.3 Disclosure 9 4 Section 5.4. 5.4 Organization and Ownership of Shares of Subsidiaries 9 Subsidiaries; Affiliates 4 Section 5.5. 5.5 Financial Statements 10 5 Section 5.6. 5.6 Compliance with Laws, Other Instruments, Etc. 10 5 Section 5.7. 5.7 Governmental Authorizations, Etc. 10 5 Section 5.8. 5.8 Litigation; Observance of Agreements, Statutes and Orders 10 6 Section 5.9. 5.9 Taxes 11 6 Section 5.10. 5.10 Title to Property; Leases 11 6 Section 5.11. 5.11 Licenses, Permits, Etc. 11 6 Section 5.12. 5.12 Compliance with ERISA 11 7 Section 5.13. 5.13 Private Offering by the Company 12 8 Section 5.14. 5.14 Use of Proceeds; Margin Regulations 12 8 Section 5.15. 5.15 Existing Debt 13 Debt; Future Liens 8 Section 5.16. 5.16 Foreign Assets Control Regulations, Etc. 13 9 Section 5.17. 5.17 Status under Certain Statutes 13 9 Section 5.18. Pledge Agreements 13 5.18 Investment Company Act 9 Section 5.19 Environmental Matters 10 Section 5.20 Notes Rank Pari Passu 10 Section 5.21 Credit and Collection Policy 10 SECTION 6. REPRESENTATIONS OF THE PURCHASER 14 PURCHASERS 10 Section 6.1. 6.1 Purchase for Investment 14 10 Section 6.2. 6.2 Source of Funds 14 11 Section 6.3 Accredited Investor 11 SECTION 7. INFORMATION AS TO THE COMPANY 15 11 Section 7.1. 7.1 Financial and Business Information 15 11 Section 7.2. 7.2 Officer’s Certificate 18 13 Section 7.3. 7.3 Inspection 18 14 SECTION 8. PREPAYMENT OF THE NOTES 19 14 Section 8.1. 8.1 Required Prepayments 19 14 Section 8.2. 8.2 Optional Prepayments with Make-Whole Amount 19 14 Section 8.3. 8.3 Allocation of Partial Prepayments 19 15 Section 8.4. 8.4 Maturity; Surrender, Etc. 20 15 Section 8.5. 8.5 Purchase of Notes 20 15 Section 8.6. Make-Whole Amount 20 8.6 [Reserved] 15 SECTION 9. AFFIRMATIVE COVENANTS 22 16 Section 9.1. 9.1 Compliance with Law 22 16 Section 9.2. 9.2 Insurance 22 16 Section 9.3. 9.3 Maintenance of Properties 22 16 Section 9.4. 9.4 Payment of Taxes 22 and Claims 16 Section 9.5. 9.5 Corporate Existence, Etc. 23 17 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 9.6 Credit and Collection Policy 17 SECTION 10. NEGATIVE COVENANTS 24 17 Section 10.1. 10.1 Minimum Consolidated Tangible Net Worth 24 17 Section 10.2. Limitations 10.2 Interest Charges Coverage Ratio 17 Section 10.3 Limitation on Debt 24 17 Section 10.3. Limitation on Liens 25 10.4 Available Asset Coverage 17 Section 10.4. Mergers 10.5 Merger, Consolidation and Consolidations, Etc 27 Section 10.5. Sale of Assets 28 Assets, Etc. 18 Section 10.6. 10.6 Nature of Business 20 Section 10.7 Transactions with Affiliates 30 Section 10.7. Designation of Subsidiaries 30 20 SECTION 11. EVENTS OF DEFAULT 31 20 SECTION 12. REMEDIES ON DEFAULT, ETC. 33 22 Section 12.1. 12.1 Acceleration 33 22 Section 12.2. 12.2 Other Remedies 34 23 Section 12.3. 12.3 Rescission 34 23 Section 12.4. 12.4 No Waivers or Election of Remedies, Expenses, Etc. 34 23 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 23 Section 13.1. 13.1 Registration of Notes 35 23 Section 13.2. 13.2 Transfer and Exchange of Notes 35 24 Section 13.3. 13.3 Replacement of Notes 35 24 SECTION 14. PAYMENTS ON NOTES 36 24 Section 14.1. 14.1 Place of Payment 36 24 Section 14.2. 14.2 Home Office Payment 36 24 SECTION 15. EXPENSES, ETC. 36 25 Section 15.1. 15.1 Transaction Expenses 36 25 Section 15.2. 15.2 Survival 37 25 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 25 SECTION 17. AMENDMENT AND WAIVER 38 26 Section 17.1. 17.1 Requirements 38 26 Section 17.2. 17.2 Solicitation of Holders of Notes 38 26 Section 17.3. 17.3 Binding Effect, Etc. 39 26 Section 17.4. 17.4 Notes Held by Company, Etc. 39 27 SECTION 18. NOTICES 39 27 SECTION 19. REPRODUCTION OF DOCUMENTS 40 27 SECTION 20. CONFIDENTIAL INFORMATION 40 28 SECTION 21. SUBSTITUTION OF PURCHASER 41 29 SECTION 22. MISCELLANEOUS 41 29 Section 22.1. 22.1 Successors and Assigns 41 29 Section 22.2. 22.2 Payments Due on Non-Business Days 42 29 Section 22.3. 22.3 Severability 42 29 Section 22.4. 22.4 Construction 42 29 Section 22.5. 22.5 Counterparts 42 30 Section 22.6. 22.6 Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 30 ATTACHMENTS TO NOTE PURCHASE AGREEMENT: SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS Information Relating to Purchasers SCHEDULE B — DEFINED TERMS Defined Terms SCHEDULE 4.9 — Changes in Corporate Structure SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etcEtc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt Debt; Future Liens EXHIBIT 1-A 1 — Form of 4.20% Floating Rate Senior Note, Series A-12005-B, due December 15October 30, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement 2020 EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to for the Company, the Subsidiary Guarantors and the Pledgors Company EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to for the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOREXHIBIT 5.21 — Credit and Collection Policy AMERICAN CAPITAL STRATEGIES, OHIO 44060-1834 LTD. TO THE PURCHASER PURCHASERS LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETOA: Ladies and Gentlemen: STERIS CorporationAMERICAN CAPITAL STRATEGIES, an Ohio LTD., a Delaware corporation (the “Company”), agrees with you the purchasers listed in the attached Schedule A (the “Purchasers”) as follows:
Appears in 1 contract
Samples: Note Purchase Agreement (American Capital Strategies LTD)
Page. AUTHORIZATION OF NOTES 1 Section 1.1. Series A Notes 1 Section 1.2. Subsequent Series 1 SECTION 2. SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 Section 2.1. Purchase and Sale of Notes 2 Section 2.2. Guarantees 2 Section 2.3. Subsequent Sales 4 SECTION 3. CLOSING 4 SECTION 4. CONDITIONS TO CLOSING 5 Section 4.1. Representations and Warranties 5 Section 4.2. Performance; No Default 6 Section 4.3. Compliance Certificates 6 Section 4.4. Opinions of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 5.1. Organization; Power and Authority 9 Section 5.2. Authorization, Etc. 9 Section 5.3. Disclosure 9 Section 5.4. Organization and Ownership of Shares of Subsidiaries 9 Section 5.5. Financial Statements 10 Section 5.6. Compliance with Laws, Other Instruments, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 7 Section 5.11. 5.11 Licenses, Permits, Etc. 11 Etc 7 Section 5.12. 5.12 Compliance with ERISA 11 8 Section 5.13. 5.13 Private Offering by the Company 12 9 Section 5.14. 5.14 Use of Proceeds; Margin Regulations 12 9 Section 5.15. 5.15 Existing Debt 13 Debt; Future Liens 9 Section 5.16. 5.16 Foreign Assets Control Regulations, Etc. 13 Etc 10 Section 5.17. 5.17 Status under Certain Statutes 13 10 Section 5.18. Pledge Agreements 13 5.18 Investment Company Act 10 Section 5.19 Environmental Matters 11 Section 5.20 Notes Rank Pari Passu 11 Section 5.21 Credit and Collection Policy 11 SECTION 6. REPRESENTATIONS OF THE PURCHASER 14 PURCHASERS 11 Section 6.1. 6.1 Purchase for Investment 14 11 Section 6.2. 6.2 Source of Funds 14 12 Section 6.3 Accredited Investor 13 SECTION 7. INFORMATION AS TO THE COMPANY 15 13 Section 7.1. 7.1 Financial and Business Information 15 13 Section 7.2. 7.2 Officer’s Certificate 18 15 Section 7.3. 7.3 Inspection 18 16 SECTION 8. PREPAYMENT OF THE NOTES 19 16 Section 8.1. 8.1 Required Prepayments 19 16 Section 8.2. 8.2 Optional Prepayments with Make-Whole Amount 19 16 Section 8.3. 8.3 Prepayment for Tax Reasons 17 Section 8.4 Allocation of Partial Prepayments 19 18 Section 8.4. 8.5 Maturity; Surrender, Etc. 20 Etc 18 Section 8.5. 8.6 Purchase of Notes 20 18 Section 8.6. 8.7 Make-Whole Amount 18 Section 8.8 Payments Free and Clear of Taxes 20 SECTION 9. AFFIRMATIVE COVENANTS 22 23 Section 9.1. 9.1 Compliance with Law 22 Section 9.2. Insurance 22 Section 9.3. Maintenance of Properties 22 Section 9.4. Payment of Taxes 22 Section 9.5. Corporate Existence, Etc. 23 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Limitations on Debt 24 Section 10.3. Limitation on Liens 25 Section 10.4. Mergers and Consolidations, Etc 27 Section 10.5. Sale of Assets 28 Section 10.6. Transactions with Affiliates 30 Section 10.7. Designation of Subsidiaries 30 SECTION 11. EVENTS OF DEFAULT 31 SECTION 12. REMEDIES ON DEFAULT, ETC. 33 Section 12.1. Acceleration 33 Section 12.2. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Section 22.3. Severability 42 Section 22.4. Construction 42 Section 22.5. Counterparts 42 Section 22.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:HEADING
Appears in 1 contract
Samples: Note Purchase Agreement (American Capital Strategies LTD)
Page. AUTHORIZATION DEFINITIONS; RULES OF NOTES CONSTRUCTION 1 1.1 Definitions 1 1.2 Accounting Terms 24 1.3 Uniform Commercial Code 24 1.4 Certain Matters of Construction 24 Section 1.1. Series A Notes 1 Section 1.2. Subsequent Series 1 SECTION 2. SALE AND PURCHASE OF NOTES; SUBSEQUENT SALES 2 CREDIT FACILITIES 25 2.1 Term Loans 25 2.1.1 Term A Loans 25 2.1.2 Term Notes 25 2.1.3 Use of Proceeds 25 2.1.4 Prepayments 25 Section 2.1. Purchase and Sale of Notes 2 Section 2.2. Guarantees 2 Section 2.3. Subsequent Sales 4 SECTION 3. CLOSING 4 SECTION INTEREST AND CHARGES 26 3.1 Rates and Payment of Interest 26 3.2 Computation of Interest and Yield Protection 26 3.3 Reimbursement Obligations 26 3.4 Capital Adequacy 27 3.5 Mitigation 27 3.6 Maximum Interest 27 Section 4. CONDITIONS TO CLOSING 5 LOAN ADMINISTRATION 28 4.1 Borrower Representative 28 4.2 One Obligation 28 4.3 Effect of Termination 28 Section 4.15. Representations and Warranties 5 Section 4.2. Performance; No Default 6 Section 4.3. Compliance Certificates 6 Section 4.4. Opinions of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale PAYMENTS 29 5.1 General Payment Provisions 29 5.2 Payment of Other Notes 7 Obligations 29 5.3 Marshaling; Payments Set Aside 29 5.4 Post-Default Allocation of Payments 29 5.4.1 Allocation 29 5.4.2 Erroneous Application 30 5.5 Loan Account 30 5.6 Taxes 30 5.6.1 Payments Free of Taxes 30 5.6.2 Payment 30 5.6.3 Refunds 31 5.7 Lender Tax Information 31 5.7.1 Status of Lenders 31 5.7.2 Documentation 31 5.7.3 Lender Obligations 32 5.8 Nature and Extent of Each Borrower’s Liability 32 5.8.1 Joint and Several Liability 32 5.8.2 Waivers 33 5.8.3 Extent of Liability; Contribution 34 5.8.4 Joint Enterprise 34 5.8.5 Subordination 34 Section 4.76. Bank Credit AgreementCONDITIONS PRECEDENT 35 6.1 Conditions Precedent 35 Section 7. COLLATERAL 36 7.1 Security Reaffirmation 36 7.2 Administration of Accounts 36 7.3 Administration of Inventory 37 7.3.1 Records and Reports of Inventory 37 7.3.2 Returns of Inventory 37 7.3.3 Acquisition, Security Documents, Etc 7 Sale and Maintenance 37 7.4 [Intentionally Omitted] 37 7.5 Administration of Deposit Accounts and Securities Accounts 37 7.6 General Provisions 38 7.6.1 Location of Collateral 38 7.6.2 Insurance of Collateral 38 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 SECTION 58. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 5.1. Organization; 39 8.1 General Representations and Warranties 39 8.1.1 Organization and Qualification 39 8.1.2 Power and Authority 9 39 8.1.3 Enforceability 39 8.1.4 Capital Structure 39 8.1.5 Corporate Names; Locations 39 8.1.6 Title to Properties; Priority of Liens 40 8.1.7 Financial Statements 40 8.1.8 Surety Obligations 40 8.1.9 Taxes 40 8.1.10 Brokers 41 8.1.11 Intellectual Property 41 8.1.12 Governmental Approvals 41 8.1.13 Compliance with Laws 41 8.1.14 Compliance with Environmental Laws 41 8.1.15 Burdensome Contracts 42 8.1.16 Litigation 42 8.1.17 No Defaults 42 8.1.18 ERISA 42 8.1.19 Trade Relations 42 8.1.20 Labor Relations 43 8.1.21 Payable Practices 43 8.1.22 Not a Regulated Entity 43 8.1.23 Margin Stock 43 8.1.24 Plan Assets 43 8.1.25 Immaterial Subsidiaries 43 8.1.26 Patriot Act 43 8.1.27 OFAC 43 8.1.28 Nature of Business 44 8.1.29 Material Contracts 44 8.1.30 No Bankruptcy Filing 44 8.2 Complete Disclosure 44 Section 5.29. AuthorizationCOVENANTS AND CONTINUING AGREEMENTS 44 9.1 Affirmative Covenants 44 9.1.1 Inspections 44 9.1.2 Financial and Other Information 45 9.1.3 Notices 47 9.1.4 Landlord and Storage Agreements 47 9.1.5 Compliance with Laws 48 9.1.6 Taxes 48 9.1.7 Insurance 48 9.1.8 Licenses 48 9.1.9 Future Subsidiaries 48 9.1.10 Additional Guarantors 49 9.1.11 Preservation of Existence, Etc. 9 Section 5.3. Disclosure 9 Section 5.4. Organization 49 9.1.12 Keeping of Records and Ownership Books of Shares Account 49 9.1.13 Maintenance of Subsidiaries 9 Section 5.5. Financial Statements 10 Section 5.6. Compliance with Laws, Other InstrumentsProperties, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance 49 9.1.14 Obtaining of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering by the Company 12 Section 5.14. Use 49 9.1.15 Further Assurances 49 9.2 Negative Covenants 50 9.2.1 Permitted Debt 50 9.2.2 Permitted Liens 51 9.2.3 [Intentionally Omitted] 52 9.2.4 Distributions; Upstream Payments 52 9.2.5 Restricted Investments 53 9.2.6 Disposition of ProceedsAssets 53 9.2.7 Loans; Margin Regulations 12 Section 5.15. Existing Debt 13 Section 5.16. Foreign Assets Control Regulations, Etc. 13 Section 5.17. Status under Certain Statutes 13 Section 5.18. Pledge Agreements 13 SECTION 6. REPRESENTATIONS OF THE PURCHASER 14 Section 6.1. Purchase for Investment 14 Section 6.2. Source Extensions of Funds 14 SECTION 7. INFORMATION AS TO THE COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Officer’s Certificate 18 Section 7.3. Inspection 18 SECTION 8. PREPAYMENT OF THE NOTES 19 Section 8.1. Required Prepayments 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 20 Section 8.5. Purchase of Notes 20 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 22 Section 9.1. Compliance with Law 22 Section 9.2. Insurance 22 Section 9.3. Maintenance of Properties 22 Section 9.4. Credit 53 9.2.8 Restrictions on Payment of Taxes 22 Certain Debt 53 9.2.9 Fundamental Changes 53 9.2.10 Subsidiaries 54 9.2.11 Organic Documents 54 9.2.12 Tax Consolidation 54 9.2.13 Accounting Changes 54 9.2.14 Restrictive Agreements 54 9.2.15 Hedging Agreements 54 9.2.16 Conduct of Business 54 9.2.17 Affiliate Transactions 54 9.2.18 Plans 55 9.2.19 Amendments to the Indenture, Convertible Debenture, the Convertible Debenture Agreement, the Indenture Guaranty, the Convertible Debenture Guaranty, Revolver Agreement or Subordinated Debt 55 9.2.20 Immaterial Subsidiaries 55 9.2.21 Fixed Charge Coverage Ratio 56 9.2.22 Federal Reserve Regulations 56 9.2.23 Investment Company Act of 1940 56 9.2.24 2009 Debenture Intercreditor Agreement 56 Section 9.5. Corporate Existence, Etc. 23 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Limitations on Debt 24 Section 10.3. Limitation on Liens 25 Section 10.4. Mergers and Consolidations, Etc 27 Section 10.5. Sale of Assets 28 Section 10.6. Transactions with Affiliates 30 Section 10.7. Designation of Subsidiaries 30 SECTION 11. EVENTS OF DEFAULT 31 SECTION 12. DEFAULT; REMEDIES ON DEFAULTDEFAULT 56 10.1 Events of Default 56 10.2 Remedies upon Default 58 10.3 License 59 10.4 Setoff 59 10.5 Remedies Cumulative; No Waiver 60 10.5.1 Cumulative Rights 60 10.5.2 Waivers 60 Section 11. COLLATERAL AGENT 60 11.1 Appointment, ETC. 33 Section 12.1. Acceleration 33 Section 12.2. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election Authority and Duties of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATIONCollateral Agent 60 11.1.1 Appointment and Authority 60 11.1.2 Duties 61 11.1.3 Collateral Agent Professionals 61 11.1.4 Instructions of Required Lenders 61 11.2 Agreements Regarding Collateral and Field Examination Reports 61 11.2.1 Lien Releases; EXCHANGECare of Collateral 61 11.2.2 Possession of Collateral 62 11.2.3 Reports 62 11.3 Reliance By Collateral Agent 62 11.4 Action Upon Default 62 11.5 Ratable Sharing 63 11.6 Indemnification of Agent Indemnitees 63 11.6.1 Indemnification 63 11.6.2 Proceedings 64 11.7 Limitation on Responsibilities of Collateral Agent 64 11.8 Successor Agent and Co-Agents 64 11.8.1 Resignation; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer Successor Collateral Agent 64 11.8.2 Separate Collateral Agent 65 11.9 Due Diligence and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Section 22.3. Severability 42 Section 22.4. Construction 42 Section 22.5. Counterparts 42 Section 22.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:Reliance 65 11.10 No Third Party Beneficiaries 65 11.11 Collateral Agent in its Individual Capacity 66
Appears in 1 contract
Page. AUTHORIZATION OF NOTES 1 Section 1.1. Series A Notes 1 Section 1.2. Subsequent Series 1 SECTION 2. SALE AND PURCHASE OF NOTESShares of Borrower; SUBSEQUENT SALES 2 Section 2.1. Purchase Subsidiaries; and Sale of Notes 2 Section 2.2. Guarantees 2 Section 2.3. Subsequent Sales 4 SECTION 3. CLOSING 4 SECTION 4. CONDITIONS TO CLOSING 5 Section 4.1. Representations and Warranties 5 Section 4.2. Performance; No Default 6 Section 4.3. Compliance Certificates 6 Section 4.4. Opinions of Counsel 7 Section 4.5. Purchase Permitted By Applicable Law, Etc. 7 Section 4.6. Sale of Other Notes 7 Section 4.7. Bank Credit Agreement, Security Documents, Etc 7 Section 4.8. Filing and Recording 7 Section 4.9. Payment of Special Counsel Fees. 8 Section 4.10. Private Placement Number 8 Section 4.11. Changes in Corporate Structure 8 Section 4.12. Funding Instructions 8 Section 4.13. Proceedings and Documents 8 SECTION 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 5.1. Organization; Subsidiary Shares 58 5.1.3 Power and Authority 9 Section 5.2. Authorization, Etc. 9 Section 5.3. Disclosure 9 Section 5.4. Organization 58 5.1.4 Validity and Ownership of Shares of Subsidiaries 9 Section 5.5. Binding Effect 58 5.1.5 No Conflict 59 5.1.6 Litigation 59 5.1.7 Financial Statements 10 Section 5.6. Compliance with Laws, Other Instruments, Etc. 10 Section 5.7. Governmental Authorizations, Etc. 10 Section 5.8. Litigation; Observance of Statutes and Orders 10 Section 5.9. Taxes 11 Section 5.10. Title to Property; Leases 11 Section 5.11. Licenses, Permits, Etc. 11 Section 5.12. Compliance with ERISA 11 Section 5.13. Private Offering by the Company 12 Section 5.14. 59 5.1.8 Use of Proceeds; Margin Regulations 12 Section 5.15. Existing Stock 60 5.1.9 Full Disclosure 61 5.1.10 Taxes 61 5.1.11 Consents and Approvals 61 5.1.12 No Event of Default; Compliance With Instruments and Material Contracts 62 5.1.13 Insurance 62 5.1.14 Compliance With Laws 62 5.1.15 Investment Companies; Regulated Entities 63 5.1.16 Plans and Benefit Arrangements 63 5.1.17 Employment Matters 64 5.1.18 Environmental Health and Safety Matters 64 5.1.19 Senior Debt 13 Section 5.16. Foreign Assets Control RegulationsStatus 65 5.1.20 Property Matters 65 5.1.21 Patents, Etc. 13 Section 5.17. Trademarks, Copyrights, Licenses, Etc 67 5.1.22 Security Interests and Mortgage Liens 67 5.1.23 Status under Certain Statutes 13 Section 5.18. Pledge of Pledged Collateral 68 5.1.24 Solvency 68 5.1.25 Anti-Terrorism Laws 69 5.1.26 Surety Bonds 70 5.1.27 Coal Supply Agreements 13 SECTION 70 5.2 Updates to Schedules 70 6. REPRESENTATIONS CONDITIONS OF THE PURCHASER 14 Section 6.1. Purchase for Investment 14 Section 6.2. Source LENDING AND ISSUANCE OF LETTERS OF CREDIT 70 6.1 First Loans and Letters of Funds 14 SECTION 7. INFORMATION AS TO THE COMPANY 15 Section 7.1. Financial and Business Information 15 Section 7.2. Credit 71 6.1.1 Officer’s Certificate 18 Section 7.3. Inspection 18 SECTION 8. PREPAYMENT OF THE NOTES 19 Section 8.1. Required Prepayments 19 Section 8.2. Optional Prepayments with Make-Whole Amount 19 Section 8.3. Allocation 71 6.1.2 Secretary’s Certificate 71 6.1.3 Delivery of Partial Prepayments 19 Section 8.4. Maturity; Surrender, Etc. 20 Section 8.5. Purchase Loan Documents 71 6.1.4 Opinion of Notes 20 Section 8.6. Make-Whole Amount 20 SECTION 9. AFFIRMATIVE COVENANTS 22 Section 9.1. Compliance with Law 22 Section 9.2. Insurance 22 Section 9.3. Maintenance of Properties 22 Section 9.4. Counsel 72 6.1.5 Legal Details 72 6.1.6 Payment of Taxes 22 Section 9.5. Corporate ExistenceFees 72 6.1.7 Consents 72 6.1.8 Officer’s Certificate Regarding No Material Adverse Change and Solvency 72 6.1.9 No Violation of Laws 73 6.1.10 No Actions or Proceedings 73 6.1.11 Insurance Policies; Certificates of Insurance; Endorsements 73 6.1.12 Satisfactory Environmental Review 73 6.1.13 Satisfactory ERISA Review and Other Due Diligence 73 6.1.14 UCC, Etc. 23 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Guaranty by Subsidiaries 23 Section 9.8. Stock Pledges 23 SECTION 10. NEGATIVE COVENANTS 24 Section 10.1. Consolidated Net Worth 24 Section 10.2. Limitations on Debt 24 Section 10.3. Limitation on Liens 25 Section 10.4. Mergers Lien and Consolidations, Etc 27 Section 10.5. Sale Judgment Searches 74 6.1.15 Filing Receipts 74 6.1.16 Repayment of Assets 28 Section 10.6. Transactions with Affiliates 30 Section 10.7. Designation of Subsidiaries 30 SECTION 11. EVENTS OF DEFAULT 31 SECTION 12. REMEDIES ON DEFAULT, ETC. 33 Section 12.1. Acceleration 33 Section 12.2. Other Remedies 34 Section 12.3. Rescission 34 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. 34 SECTION 13. REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES 35 Section 13.1. Registration of Notes 35 Section 13.2. Transfer and Exchange of Notes 35 Section 13.3. Replacement of Notes 35 SECTION 14. PAYMENTS ON NOTES 36 Section 14.1. Place of Payment 36 Section 14.2. Home Office Payment 36 SECTION 15. EXPENSES, ETC. 36 Section 15.1. Transaction Expenses 36 Section 15.2. Survival 37 SECTION 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT 37 SECTION 17. AMENDMENT AND WAIVER 38 Section 17.1. Requirements 38 Section 17.2. Solicitation of Holders of Notes 38 Section 17.3. Binding Effect, Etc. 39 Section 17.4. Notes Held by Company, Etc. 39 SECTION 18. NOTICES 39 SECTION 19. REPRODUCTION OF DOCUMENTS 40 SECTION 20. CONFIDENTIAL INFORMATION 40 SECTION 21. SUBSTITUTION OF PURCHASER 41 SECTION 22. MISCELLANEOUS 41 Section 22.1. Successors and Assigns 41 Section 22.2. Payments Due on Non-Business Days 42 Section 22.3. Severability 42 Section 22.4. Construction 42 Section 22.5. Counterparts 42 Section 22.6. Governing Law 42 Section 22.7. Submission to Jurisdiction; Waiver of Jury Trial 42 Signature 44 SCHEDULE A — INFORMATION RELATING TO INITIAL PURCHASERS SCHEDULE B — DEFINED TERMS SCHEDULE 5.3 — Disclosure Materials SCHEDULE 5.4 — Subsidiaries of the Company and Ownership of Subsidiary Stock SCHEDULE 5.5 — Financial Statements SCHEDULE 5.11 — Patents, etc. SCHEDULE 5.14 — Use of Proceeds SCHEDULE 5.15 — Existing Debt EXHIBIT 1-A — Form of 4.20% Senior Note, Series A-1, due December 15, 2008 EXHIBIT 1-B — Form of 5.25% Senior Note, Series A-2, due December 15, 2013 EXHIBIT 1-C — Form of 5.38% Senior Note, Series A-3, due December 15, 2015 EXHIBIT 1.2 — Form of Supplemental Note EXHIBIT 2.2(a) — Form of Subsidiary Guaranty EXHIBIT 2.2(b) — Form of Pledge Agreement EXHIBIT 2.2(c) — Form of Intercreditor Agreement EXHIBIT 2.3 — Form of Supplemental Note Purchase Agreement EXHIBIT 4.4(a) — Form of Opinion of Special Counsel to the Company, the Subsidiary Guarantors and the Pledgors EXHIBIT 4.4(b) — Form of Opinion of Special Counsel to the Purchasers STERIS CORPORATION 0000 XXXXXXX XXXX MENTOR, OHIO 44060-1834 TO THE PURCHASER LISTED IN THE ATTACHED SCHEDULE A WHO IS A SIGNATORY HERETO: Ladies and Gentlemen: STERIS Corporation, an Ohio corporation (the “Company”), agrees with you as follows:Certain Indebtedness 74
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Samples: Credit Agreement (Arch Coal Inc)