Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 ARTICLE III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. Investment Company Axx 0000 Section 4.14. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with Laws 4552 Section 4.19. Anti-Corruption Laws and Sanctions 4552 Section 4.20. Collateral Documents 4552 ARTICLE V AFFIRMATIVE COVENANTS 53 Section 5.01. Financial Statements and Reports 4653 Section 5.02. Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section 5.04. Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665
Appears in 1 contract
Samples: Credit Agreement (PLBY Group, Inc.)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12. 58 SECTION 2.17 Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative60 SECTION 2.18 Defaulting Lenders 61 SECTION 2.19 Increase in Aggregate Commitments 63 SECTION 2.20 Borrowing Base 64 SECTION 2.21 Swingline Loans 68 Article III Representations and Warranties 69 SECTION 3.01 Organization; Joint and Several Liability 46 ARTICLE III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and PowerPowers 69 SECTION 3.02 Authorization; Subsidiaries 4147 Section 4.02. Authority and Execution; Enforceability 4148 Section 4.03. Government Approvals; 70 SECTION 3.03 Financial Condition 70 SECTION 3.04 ERISA 70 SECTION 3.05 Defaults 70 SECTION 3.06 Accuracy of Information 70 SECTION 3.07 Regulation U 70 SECTION 3.08 Taxes 71 SECTION 3.09 Liens 71 SECTION 3.10 Litigation 71 860627.02-LACSR02A - MSW Table of Contents (continued) Page SECTION 3.11 No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. Conflict 71 SECTION 3.12 Governmental Approvals 71 SECTION 3.13 Investment Company Axx 0000 Section 4.14. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Status 71 SECTION 3.14 Compliance with Laws 4552 Section 4.19. and Orders 71 SECTION 3.15 Anti-Terrorism Laws 72 SECTION 3.16 Anti-Corruption Laws and Sanctions 4552 Section 4.20. 72 SECTION 3.17 Security Interest in Collateral Documents 4552 ARTICLE 72 SECTION 3.18 Subsidiaries 72 SECTION 3.19 Insurance 73 SECTION 3.20 Properties 73 SECTION 3.21 Solvency 73 SECTION 3.22 No Restrictive Agreements 74 SECTION 3.23 EEA Financial Institutions 74 SECTION 3.24 Environmental Matters 74 SECTION 3.25 Maintenance of Properties 75 SECTION 3.26 Gas Imbalances; Prepayments 75 SECTION 3.27 Marketing of Production 75 SECTION 3.28 Swap Agreements and Eligible Contract Participant 75 SECTION 3.29 Use of Loans and Letters of Credit 76 Article IV Conditions 76 SECTION 4.01 Effective Date 76 SECTION 4.02 Each Credit Extension 79 Article V AFFIRMATIVE COVENANTS 53 Section 5.01. Affirmative Covenants 80 SECTION 5.01 Financial Statements and Reports 4653 Section 5.02. Notices 4755 Section 5.03. ExistenceOther Information 80 SECTION 5.02 Books and Records; Inspection Rights 84 SECTION 5.03 Conduct of Business 4855 Section 5.04. Business; Existence 84 SECTION 5.04 Maintenance of Insurance 84 SECTION 5.05 Payment of Taxes and Other Obligations 85 SECTION 5.06 Compliance with Laws 4856 Section 5.05. 85 SECTION 5.07 Maintenance of Properties 85 SECTION 5.08 Designation of Unrestricted Subsidiaries; Redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries 86 SECTION 5.09 Additional Subsidiary Guarantors 87 SECTION 5.10 Additional Collateral; Further Assurances 87 SECTION 5.11 Title Information 88 SECTION 5.12 Post-Closing Obligations 88 SECTION 5.13 Deposit Accounts and Securities Accounts 89 SECTION 5.14 Keepwell 89 SECTION 5.15 Reserve Reports 89 Article VI Negative Covenants 91 SECTION 6.01 Fundamental Changes 91 860627.02-LACSR02A - MSW Table of Contents (continued) Page SECTION 6.02 Liens 91 SECTION 6.03 Indebtedness 94 SECTION 6.04 Financial Covenants 95 SECTION 6.05 Investments 95 SECTION 6.06 Restrictive Agreements 96 SECTION 6.07 Restricted Payments 97 SECTION 6.08 Asset Dispositions 98 SECTION 6.09 Use of Proceeds 4856 Section 5.06. Payment 99 SECTION 6.10 Limitations on Redemptions of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. 100 SECTION 6.11 Limitation on Transactions with Affiliates 5464 Section 6.12100 SECTION 6.12 Material Change in Business 100 SECTION 6.13 Swap Agreements 100 SECTION 6.14 Deposit Accounts 102 SECTION 6.15 Take-or-Pay or Other Prepayments 102 SECTION 6.16 Marketing Activities 102 SECTION 6.17 Amendments to Organizational Documents 102 Article VII Events of Default 102 SECTION 7.01 Events of Default 103 SECTION 7.02 Remedies upon Event of Default 104 Article VIII The Administrative Agent 105 SECTION 8.01 Authorization and Action 105 SECTION 8.02 Administrative Agent’s Reliance, Indemnification, Etc 107 SECTION 8.03 Posting of Communications 108 SECTION 8.04 The Administrative Agent Individually 109 SECTION 8.05 Successor Administrative Agent 109 SECTION 8.06 Acknowledgments of Lenders and Issuing Banks 110 SECTION 8.07 Collateral Matters 111 SECTION 8.08 Credit Bidding 111 SECTION 8.09 Certain ERISA Matters 112 Article IX Miscellaneous 114 SECTION 9.01 Notices 114 SECTION 9.02 Waivers; Amendments 115 SECTION 9.03 Expenses; Indemnity; Damage Waiver 117 SECTION 9.04 Successors and Assigns 119 SECTION 9.05 Survival 122 SECTION 9.06 Counterparts; Integration; Effectiveness; Electronic Execution 123 SECTION 9.07 Severability 123 SECTION 9.08 Right of Setoff 123 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 124 SECTION 9.10 WAIVER OF JURY TRIAL 124 SECTION 9.11 Headings 125 860627.02-LACSR02A - MSW Table of Contents (continued) Page SECTION 9.12 Confidentiality 125 SECTION 9.13 USA PATRIOT Act 126 SECTION 9.14 Appointment for Perfection 126 SECTION 9.15 Subsidiary Guarantors 126 SECTION 9.16 Interest Rate Limitation 126 SECTION 9.17 No Fiduciary Duty, etc 127 SECTION 9.18 Acknowledgment and Consent to Bail-In of EEA Financial Institutions 127 SECTION 9.19 Flood Insurance Regulations 128 SECTION 9.20 Acknowledgment Regarding Any Supported QFCs 128 860627.02-LACSR02A - MSW Table of Contents (continued) Page SCHEDULES: Schedule 1.01A – Pricing Schedule Schedule 1.01B – LC Issuance Limits Schedule 2.01 – Commitments Schedule 2.04 – Existing Letters of Credit Schedule 3.18 – Equity Interests Schedule 3.24 – Environmental Disclosures Schedule 3.26 – Gas Imbalances/Prepayments Schedule 3.27 – Marketing of Production Schedule 3.28 – Swap Agreements Schedule 5.12 – Specified Letters of Credit Schedule 6.02 – Existing Liens Schedule 6.03 – Existing Indebtedness Schedule 6.05 – Existing Investments Schedule 6.06 – Existing Restrictive Agreements EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Subordinated Intercompany Note Exhibit C – [Reserved] Exhibit D-1 – Form of U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) Exhibit D-2 – Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) Exhibit D-3 – Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) Exhibit D-4 – Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) Exhibit E-1 – Form of Borrowing Request Exhibit E-2 – Form of Interest Election Request Exhibit F – Form of Note Exhibit G – Form of Compliance Certificate 860627.02-LACSR02A - MSW CREDIT AGREEMENT (this “Agreement”) dated as of April 26, 2018 among SOUTHWESTERN ENERGY COMPANY, a Delaware corporation (the “Borrower”), the LENDERS from time to time party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665The parties hereto agree as follows:
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1252 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 55 SECTION 2.20. Defaulting Lenders 56 SECTION 2.21. Expansion Option 58 SECTION 2.22. Judgment Currency 60 SECTION 2.23. Designated Borrowers 60 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 62 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers 62 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 62 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0462 SECTION 3.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Section 4.08Material Adverse Change 62 SECTION 3.05. Ownership of Property 4349 Section 4.09Properties 63 SECTION 3.06. Litigation, Environmental and Labor Matters 63 SECTION 3.07. Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Contractual Obligations 64 gsdocs.8556767.13 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 64 SECTION 3.09. Taxes 64 SECTION 3.10. ERISA 64 SECTION 3.11. Disclosure 65 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1565 SECTION 3.13. Labor Matters 4451 Section 4.16Solvency 65 SECTION 3.14. Intellectual Property 4451 Section 4.17Use of Proceeds 65 SECTION 3.15. Disclosure 4552 Section 4.18Subsidiaries 65 SECTION 3.16. Compliance with Laws 4552 Section 4.19No Burdensome Restrictions 65 SECTION 3.17. No Default 65 SECTION 3.18. Applicable Anti-Corruption Laws, Applicable Anti-Money Laundering Laws and Sanctions 4552 Section 4.2065 SECTION 3.19. Collateral Documents 4552 Representations as to Foreign Borrowers 66 ARTICLE IV Conditions 67 SECTION 4.01. Effective Date 67 SECTION 4.02. Each Credit Event 69 SECTION 4.03. Initial Credit Event for each Additional Borrower 69 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 70 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 70 SECTION 5.02. Notices 4755 Section of Material Events 71 SECTION 5.03. Existence; Conduct of Business 4855 Section 72 SECTION 5.04. Payment of Obligations 72 SECTION 5.05. Maintenance of Properties; Insurance 72 SECTION 5.06. Books and Records; Inspection Rights 73 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 73 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 73 SECTION 5.09. Performance Accuracy of Obligations; Enforcement of Rights 4957 Section Information 74 SECTION 5.10. Maintenance of Insurance 4957 Section Material Domestic Subsidiaries 74 SECTION 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 Collateral; Further Assurances 75 ARTICLE VI NEGATIVE COVENANTS 59 Section Negative Covenants 75 SECTION 6.01. Liens, etc. 5160 Section Indebtedness 75 SECTION 6.02. Indebtedness 5260 Section Liens 77 SECTION 6.03. Fundamental Changes 5361 Section and Asset Sales 78 SECTION 6.04. Investments 5362 Section Investments, Loans, Advances, Guarantees and Acquisitions 80 SECTION 6.05. Asset Sale 5362 Section Swap Agreements 82 SECTION 6.06. Restricted Payments 5463 Section 82 SECTION 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.1283 SECTION 6.08. Accounting ChangesRestrictive Agreements 83 SECTION 6.09. Financial Covenants 83 SECTION 6.10. Capital Expenditures 84 ARTICLE VII Events of Default 84 ARTICLE VIII The Administrative Agent 87 ARTICLE IX Miscellaneous 90 SECTION 9.01. Notices 90 SECTION 9.02. Waivers; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Amendments 91 gsdocs.8556767.13
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1262 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 64 SECTION 2.20. Incremental Credit Extensions 65 SECTION 2.21. Judgment Currency 68 SECTION 2.22. Defaulting Lenders 68 SECTION 2.23. Extensions of Loans and Several Liability 46 Commitments 70 SECTION 2.24. Loan Repurchases 74 SECTION 2.25. Refinancing Amendment 75 SECTION 2.26. Illegality 76 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 77 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 77 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 77 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0478 Table of Contents (continued) Page SECTION 3.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Section 4.08Material Adverse Change 78 SECTION 3.05. Ownership of Property 4349 Section 4.09Properties 78 SECTION 3.06. Litigation, Environmental and Labor Matters 78 SECTION 3.07. Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Agreements 79 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 79 SECTION 3.09. Taxes 79 SECTION 3.10. ERISA 79 SECTION 3.11. Disclosure 79 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1580 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 80 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 80 SECTION 3.15. Disclosure 4552 Section 4.18No Burdensome Restrictions 80 SECTION 3.16. Compliance with Laws 4552 Section 4.19Security Interest in Collateral 80 SECTION 3.17. Anti-Corruption Laws and Sanctions 4552 Section 4.20Solvency 80 ARTICLE IV Conditions 81 SECTION 4.01. Collateral Documents 4552 Effective Date 81 SECTION 4.02. Each Credit Event 83 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 84 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 84 SECTION 5.02. Notices 4755 Section of Material Events 86 SECTION 5.03. Existence; Conduct of Business 4855 Section 86 SECTION 5.04. Payment of Obligations 87 SECTION 5.05. Maintenance of Properties; Insurance 87 SECTION 5.06. Books and Records; Inspection Rights 87 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 87 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 88 SECTION 5.09. Performance of ObligationsSubsidiary Guarantors; Enforcement of Rights 4957 Section Pledges; Additional Collateral; Further Assurances 88 SECTION 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.1489 SECTION 5.11. Assistance with Syndication 5159 Ratings 90 ARTICLE VI NEGATIVE COVENANTS 59 Section Negative Covenants 90 SECTION 6.01. Liens, etc. 5160 Section Indebtedness 90 SECTION 6.02. Indebtedness 5260 Section Liens 93 SECTION 6.03. Fundamental Changes 5361 Section and Asset Sales 95 SECTION 6.04. Investments 5362 Section Investments, Loans, Advances, Guarantees and Acquisitions 97 SECTION 6.05. Asset Sale 5362 Section Swap Agreements 99 SECTION 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 99 SECTION 6.07. Restricted Payments 100 SECTION 6.08. Restrictive Agreements 100 Table of Contents (continued) Page SECTION 6.09. Amendments to Subordinated Indebtedness Documents 101 SECTION 6.10. Sale and Leaseback Transactions 101 SECTION 6.11. Capital Expenditures 101 SECTION 6.12. Accounting ChangesFinancial Covenants 102 ARTICLE VII Events of Default 103 ARTICLE VIII The Administrative Agent 105 ARTICLE IX Miscellaneous 108 SECTION 9.01. Notices 108 SECTION 9.02. Waivers; Fiscal Year 5564 Section 6.13Amendments 109 SECTION 9.03. Bank Accounts 5564 Section 6.14Expenses; Indemnity; Damage Waiver 111 SECTION 9.04. ERISA 5564 Section 6.15Successors and Assigns 113 SECTION 9.05. Hazardous Materials 5564 Section 6.16Survival 115 SECTION 9.06. Modification or Termination Counterparts; Integration; Effectiveness 116 SECTION 9.07. Severability 116 SECTION 9.08. Right of Setoff 116 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 116 SECTION 9.10. WAIVER OF JURY TRIAL 117 SECTION 9.11. Headings 117 SECTION 9.12. Confidentiality 117 SECTION 9.13. Release of Liens and Guarantees 118 SECTION 9.14. USA PATRIOT Act 118 SECTION 9.15. Appointment for Perfection 118 SECTION 9.16. No Fiduciary Relationship 119 Table of Contents (continued) Page SCHEDULES: Schedule 2.01 – Commitments Schedule 2.02 – Mandatory Cost Schedule 2.06 – Existing Letters of Credit Schedule 3.01 – Subsidiaries Schedule 3.06 – Material Agreements 5565 Section 6.17Litigation Schedule 3.07 – Compliance with Laws Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Existing Investments Schedule 6.08 – Existing Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – List of Closing Documents Exhibit C – Auction Procedures CREDIT AGREEMENT (this “Agreement”) dated as of June 17, 2011 among ENDO PHARMACEUTICALS HOLDINGS INC., the LENDERS from time to time party hereto, XXXXXX XXXXXXX SENIOR FUNDING, INC., as Administrative Agent, BANK OF AMERICA, N.A., as Syndication Agent and CITIBANK, N.A., DEUTSCHE BANK SECURITIES INC. Maximum Leverage Ratio 5665and DNB NOR BANK ASA, NEW YORK BRANCH as Co-Documentation Agents. The parties hereto agree as follows:
Appears in 1 contract
Samples: Credit Agreement (Endo Pharmaceuticals Holdings Inc)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1243 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 45 SECTION 2.20. Defaulting Lenders 46 SECTION 2.21. Expansion Option 47 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 49 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers 49 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization 49 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02Enforceability 49 SECTION 3.04. Authority and Enforceability 4148 Section 4.03Governmental Approvals 50 SECTION 3.05. Government ApprovalsFinancial Condition; No Conflicts 4148 Section 4.04Material Adverse Change 50 SECTION 3.06. Financial StatementsNo Material Adverse Change 50 SECTION 3.07. Title to Properties; Projections 4248 Section 4.05Possession Under Leases 50 SECTION 3.08. Solvency 4249 Section 4.06Subsidiaries 50 SECTION 3.09. Litigation 4249 Section 4.07Litigation; Compliance with Laws 50 SECTION 3.10. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. Investment Company Axx 0000 Section 4.14Agreements 51 SECTION 3.11. Federal Reserve Regulations 4451 Section 4.1551 SECTION 3.12. Investment Company Act 51 SECTION 3.13. Tax Returns 52 i Table of Contents (continued) Page SECTION 3.14. No Material Misstatements 52 SECTION 3.15. Employee Benefit Plans 52 SECTION 3.16. Environmental Matters 52 SECTION 3.17. Insurance 52 SECTION 3.18. Collateral Documents 53 SECTION 3.19. Location of Real Property and Leased Premises 53 SECTION 3.20. Labor Matters 4451 Section 4.1653 SECTION 3.21. Intellectual Property 4451 Section 4.17Solvency 53 SECTION 3.22. Disclosure 4552 Section 4.18Licensing and Accreditation 54 SECTION 3.23. Medicare and Medicaid Notices and Filings Related to Business 54 ARTICLE IV Conditions 55 SECTION 4.01. Effective Date 55 SECTION 4.02. Each Credit Event 56 ARTICLE V Affirmative Covenants 57 SECTION 5.01. Existence; Businesses and Properties 57 SECTION 5.02. Insurance 57 SECTION 5.03. Obligations and Taxes 57 SECTION 5.04. Financial Statements, Reports, etc. 58 SECTION 5.05. Litigation and Other Notices 59 SECTION 5.06. Information Regarding Collateral 60 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 60 SECTION 5.08. Use of Proceeds 61 SECTION 5.09. Compliance with Laws 4552 Section 4.19. Anti-Corruption Laws and Sanctions 4552 Section 4.20. Collateral Documents 4552 ARTICLE V AFFIRMATIVE COVENANTS 53 Section 5.01. Financial Statements and Reports 4653 Section 5.02. Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section 5.04. Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 61 SECTION 5.10. Maintenance of Insurance 4957 Section Further Assurances 61 SECTION 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 Obligations 62 ARTICLE VI NEGATIVE COVENANTS 59 Section Negative Covenants 62 SECTION 6.01. Liens, etc. 5160 Section Indebtedness 62 SECTION 6.02. Indebtedness 5260 Section Liens 65 SECTION 6.03. Fundamental Changes 5361 Section Sale and Lease-Back Transactions 67 SECTION 6.04. Investments 5362 Section Investments, Loans, Advances and Guarantees 68 SECTION 6.05. Asset Sale 5362 Section Mergers, Consolidations, Sales of Assets and Acquisitions 70 SECTION 6.06. Restricted Payments 5463 Section 6.07. Payments; Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.1171 SECTION 6.07. Transactions with Affiliates 5464 Section 72 SECTION 6.08. Business of the Parent and Subsidiaries; Ownership of Subsidiaries; Preferred Equity Interests 72 SECTION 6.09. Other Indebtedness and Agreements 72 SECTION 6.10. Capital Expenditures 73 SECTION 6.11. Statutory Net Worth Ratio 73 SECTION 6.12. Accounting Changes; Cash Flow Leverage Ratio 73 SECTION 6.13. Fixed Charge Coverage Ratio 73 SECTION 6.14. Minimum Holding Company Cash 73 SECTION 6.15. Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 74 Table of Contents (continued) Page SECTION 6.16. Modification or Termination Swap Agreements 74 ARTICLE VII Events of Material Agreements 5565 Section 6.17Default 74 SECTION 7.01. Maximum Leverage Ratio 5665Events of Default 74
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1253 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 55 SECTION 2.20. Expansion Option 56 SECTION 2.21. Judgment Currency 57 SECTION 2.22. Defaulting Lenders 58 SECTION 2.23. Designation of Foreign Subsidiary Borrowers 59 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 60 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Corporate Existence; Subsidiaries; Foreign Qualification 60 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. Corporate Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. Investment Company Axx 0000 Section 4.14. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.1860 SECTION 3.03. Compliance with Laws 4552 Section 4.19and Contracts 60 SECTION 3.04. Litigation and Administrative Proceedings 61 SECTION 3.05. Title to Assets 61 SECTION 3.06. Liens and Security Interests 61 SECTION 3.07. Tax Returns 62 SECTION 3.08. Environmental Laws 62 SECTION 3.09. Continued Business 62 SECTION 3.10. Employee Benefits Plans 62 SECTION 3.11. Consents or Approvals 63 Table of Contents (continued) Page SECTION 3.12. Solvency 63 SECTION 3.13. Financial Statements 63 SECTION 3.14. Regulations 63 SECTION 3.15. Intellectual Property 63 SECTION 3.16. Insurance 63 SECTION 3.17. Accurate and Complete Statements 63 SECTION 3.18. Investment Company 64 SECTION 3.19. Defaults 64 SECTION 3.20. Anti-Corruption Laws and Sanctions 4552 Section 4.2064 ARTICLE IV Conditions 64 SECTION 4.01. Collateral Documents 4552 Effective Date 64 SECTION 4.02. Each Credit Event 65 SECTION 4.03. Designation of a Foreign Subsidiary Borrower 65 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Covenants 66 SECTION 5.01. Insurance 66 SECTION 5.02. Money Obligations 67 SECTION 5.03. Financial Statements and Reports 4653 Section 5.02. Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section Other Information 67 SECTION 5.04. Financial Records 68 SECTION 5.05. Franchises; Change in Business; and Sanctions Compliance with Laws 4856 Section 5.0568 SECTION 5.06. ERISA, Pension and Benefit Plan Compliance 69 SECTION 5.07. Financial Covenants 69 SECTION 5.08. Borrowing 69 SECTION 5.09. Liens 70 SECTION 5.10. Regulations T, U and X 72 SECTION 5.11. Investments, Loans and Guaranties 72 SECTION 5.12. Merger and Sale of Assets 72 SECTION 5.13. Acquisitions 73 SECTION 5.14. Notice 74 SECTION 5.15. Capital Distributions 74 SECTION 5.16. Environmental Compliance 75 SECTION 5.17. Affiliate Transactions 75 SECTION 5.18. Use of Proceeds 4856 Section 5.0675 SECTION 5.19. Payment of Obligations 4856 Section 5.07Corporate Names 75 SECTION 5.20. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of ObligationsSubsidiary Guarantors; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Pledges; Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07Collateral; Further Assurances 76 SECTION 5.21. Restrictive Agreements 5463 Section 6.0877 SECTION 5.22. Hedge Agreements 5463 Section 6.09Other Covenants 77 SECTION 5.23. Capital Expenditures 5463 Section 6.10Guaranty Under Material Indebtedness Agreement 77 SECTION 5.24. Nature Amendment of Activities 5463 Section 6.11Organizational Documents 77 SECTION 5.25. Transactions with Affiliates 5464 Section 6.12Further Assurances 77 SECTION 5.26. Accounting ChangesPrepayments, Etc. of Permitted Unsecured Notes 77 Table of Contents (continued) Page ARTICLE VI [Reserved] 77 ARTICLE VII Events of Default 78 ARTICLE VIII The Administrative Agent 80 ARTICLE IX Miscellaneous 85 SECTION 9.01. Notices 85 SECTION 9.02. Waivers; Fiscal Year 5564 Section 6.13Amendments 86 SECTION 9.03. Bank Accounts 5564 Section 6.14Expenses; Indemnity; Damage Waiver 89 SECTION 9.04. Successors and Assigns 90 SECTION 9.05. Survival 95 SECTION 9.06. Counterparts; Integration; Effectiveness; Electronic Execution 95 SECTION 9.07. Severability 95 SECTION 9.08. Right of Setoff 95 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 96 SECTION 9.10. WAIVER OF JURY TRIAL 97 SECTION 9.11. Headings 97 SECTION 9.12. Confidentiality 97 SECTION 9.13. USA PATRIOT Act 98 SECTION 9.14. Releases of Subsidiary Guarantors 98 SECTION 9.15. Appointment for Perfection 99 SECTION 9.16. Interest Rate Limitation 99 SECTION 9.17. No Advisory or Fiduciary Responsibility 99 ARTICLE X 100 Parent Guarantee 100 Table of Contents (continued) Page SCHEDULES: Schedule 1.01 – Other Amounts Schedule 2.01 – Commitments Schedule 2.03 – Competitors Schedule 3.01 – Subsidiaries Schedule 3.04 – Litigation Schedule 3.10 – ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Plans Schedule 5.08 – Existing Indebtedness Schedule 5.09 – Existing Liens Schedule 5.12 – Certain Subsidiaries to be Liquidated EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Opinion of Credit Parties’ Counsel Exhibit C – Form of Increasing Lender Supplement Exhibit D – Form of Augmenting Lender Supplement Exhibit E – Form of Compliance Certificate Exhibit F – List of Closing Documents Exhibit G-1 – Form of Borrowing Request Exhibit G-2 – Form of Interest Election Request Exhibit H-1 – Form of Borrowing Subsidiary Agreement Exhibit H-2 – Form of Borrowing Subsidiary Termination Exhibit I-1 – Form of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) Exhibit I-2 – Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) Exhibit I-3 – Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) Exhibit I-4 – Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) Exhibit J – Form of Irish Qualifying Lender Confirmation AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of November 4, 2015 among PTC INC., the FOREIGN SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, KEYBANK NATIONAL ASSOCIATION, as Syndication Agent, FIFTH THIRD BANK, HSBC BANK USA, NATIONAL ASSOCIATION, CITIZENS BANK, N.A., ROYAL BANK OF CANADA, SANTANDER BANK, N.A. and TD BANK, N.A., as Co-Documentation Agents and BARCLAYS BANK PLC, SUNTRUST BANK and U.S. BANK NATIONAL ASSOCIATION, as Co-Senior Managing Agents.
Appears in 1 contract
Samples: Credit Agreement (PTC Inc.)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12. 46 SECTION 2.17 Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 48 SECTION 2.18 Defaulting Lenders 49 SECTION 2.19 Acknowledgement and Several Liability 46 ARTICLE Consent to Bail-In of Affected Financial Institutions 50 Article III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence Representations and Power; Subsidiaries 4147 Section 4.02. Warranties 50 SECTION 3.01 Organization 50 SECTION 3.02 Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes50 SECTION 3.03 Necessary Action 50 SECTION 3.04 Due Authorization, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. 50 SECTION 3.05 Compliance with Law 51 SECTION 3.06 No Litigation 51 SECTION 3.07 Governmental Approvals 51 SECTION 3.08 Financial Condition 51 SECTION 3.09 No Violation 52 SECTION 3.10 Not Investment Company Axx 0000 Section 4.14. Federal Reserve 52 Cleco Corporate Holdings LLC Term Loan Agreement SECTION 3.11 Accuracy of Disclosures 52 SECTION 3.12 Margin Regulations 4451 Section 4.15. Labor 52 SECTION 3.13 Environmental Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with Laws 4552 Section 4.19. 53 SECTION 3.14 Anti-Terrorism Laws; Sanctions; Anti-Corruption Laws and Sanctions 4552 Section 4.20. Collateral Documents 4552 ARTICLE 54 Article IV Conditions 54 SECTION 4.01 Effective Date 54 Article V AFFIRMATIVE COVENANTS 53 Section 5.01. Affirmative Covenants 56 SECTION 5.01 Use of Proceeds 56 SECTION 5.02 Financial Statements and Reports 4653 Section 5.02. 56 SECTION 5.03 Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section 5.04. Material Events 57 SECTION 5.04 Inspection of Property 59 SECTION 5.05 Maintenance of Properties 59 SECTION 5.06 Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. 59 SECTION 5.07 Maintenance of Legal Status 60 SECTION 5.08 Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 566560 SECTION 5.09 Taxes 60 SECTION 5.10 Financial Covenant 60
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 72 Section 2.11. Taxes 3642 Section 2.122.17. Mitigation Obligations; Replacement of Lenders 4046 74 Section 2.13 Borrower Representative; Joint and Several Liability 46 2.18. Defaulting Lenders 75 Section 2.19. Increase in Aggregate Commitments 77 Section 2.20. Borrowing Base 79 Section 2.21. Swingline Loans 83 ARTICLE III CONDITIONS TO THE LOANS 47 REPRESENTATIONS AND WARRANTIES 84 Section 3.01. Conditions Precedent to Making the Loans 4047 Organization; Powers 84 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Authorization; Execution; Enforceability 85 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.043.03. Financial Statements; Projections 4248 Condition 85 Section 4.053.04. Solvency 4249 ERISA 85 Section 4.063.05. Defaults 85 Section 3.06. Accuracy of Information 85 Section 3.07. Margin Regulations 86 Section 3.08. Taxes 86 Section 3.09. Liens 86 Section 3.10. Litigation 4249 86 Section 4.073.11. Material Agreements; No Default 4349 Conflict 86 Section 4.083.12. Ownership of Property 4349 Governmental Approvals 86 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.133.13. Investment Company Axx 0000 Status 87 Section 4.14. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.183.14. Compliance with Laws 4552 and Orders 87 Section 4.193.15. Anti-Terrorism Laws 87 Section 3.16. Anti-Corruption Laws and Sanctions 4552 87 Section 4.203.17. Security Interest in Collateral Documents 4552 87 Section 3.18. Subsidiaries 88 Section 3.19. Insurance 88 Section 3.20. Properties 88 Section 3.21. Solvency 88 Section 3.22. No Restrictive Agreements 89 Section 3.23. Affected Financial Institutions 89 Section 3.24. Environmental Matters 89 Section 3.25. Maintenance of Properties 90 Section 3.26. Marketing of Production 91 Section 3.27. Swap Agreements and Eligible Contract Participant 91 Section 3.28. Use of Loans and Letters of Credit 91 Section 3.29. Pari Passu or Priority Status 91 ARTICLE IV CONDITIONS 91 Section 4.01. Effective Date 91 Section 4.02. Each Credit Extension 95 ARTICLE V AFFIRMATIVE COVENANTS 53 95 Section 5.01. Financial Statements and Reports 4653 Other Information 95 Section 5.02. Notices 4755 Books and Records; Inspection Rights 100 Section 5.03. Existence; Conduct of Business 4855 Business; Existence 100 Section 5.04. Maintenance of Insurance 101 Section 5.05. Payment of Taxes and Other Obligations 101 Section 5.06. Compliance with Laws 4856 101 Section 5.055.07. Maintenance of Properties 102 Section 5.08. Designation of Unrestricted Subsidiaries; Redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries 102 Section 5.09. Subsidiary Guarantors 103 Section 5.10. Additional Collateral; Further Assurances 104 Section 5.11. Title Information 106 Section 5.12. Deposit Accounts and Securities Accounts 107 Section 5.13. Keepwell 107 Section 5.14. Reserve Reports 108 Section 5.15. Unrestricted Subsidiaries; Separateness 109 Section 5.16. Post-Effective Date Obligations 109 ARTICLE VI NEGATIVE COVENANTS 110 Section 6.01. Fundamental Changes 110 Section 6.02. Liens 113 Section 6.03. Indebtedness 117 Section 6.04. Financial Covenants 120 Section 6.05. Investments 120 Section 6.06. Restrictive Agreements 122 Section 6.07. Restricted Payments 123 Section 6.08. Asset Dispositions 124 Section 6.09. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 127 Section 6.10. Nature Limitations on Redemptions of Activities 5463 Indebtedness 127 Section 6.11. Limitation on Transactions with Affiliates 5464 128 Section 6.12. Accounting Changes; Fiscal Year 5564 Material Change in Business 129 Section 6.13. Bank Accounts 5564 Swap Agreements 129 Section 6.14. Amendments to Organizational Documents and Designated Indebtedness 131 ARTICLE VII EVENTS OF DEFAULT 131 Section 7.01. Events of Default 131 Section 7.02. Remedies upon Event of Default 133 Section 7.03. Right to Cure PV-9 Coverage Ratio 133 ARTICLE VIII THE ADMINISTRATIVE AGENT 134 Section 8.01. Authorization and Action 134 Section 8.02. Administrative Agent’s Reliance, Indemnification, Etc 137 Section 8.03. Posting of Communications 138 Section 8.04. The Administrative Agent Individually 139 Section 8.05. Successor Administrative Agent 139 Section 8.06. Acknowledgments of Lenders and Issuing Banks 140 Section 8.07. Collateral Matters 142 Section 8.08. Credit Bidding 143 Section 8.09. Certain ERISA 5564 Matters 144 ARTICLE IX MISCELLANEOUS 146 Section 6.159.01. Hazardous Materials 5564 Notices 146 Section 6.169.02. Modification or Termination Waivers; Amendments 147 Section 9.03. Expenses; Indemnity; Damage Waiver 149 Section 9.04. Successors and Assigns 151 Section 9.05. Survival 155 Section 9.06. Counterparts; Integration; Effectiveness; Electronic Execution 155 Section 9.07. Severability 156 Section 9.08. Right of Material Setoff 157 Section 9.09. Governing Law; Jurisdiction; Consent to Service of Process 157 Section 9.10. WAIVER OF JURY TRIAL 158 Section 9.11. Headings 158 Section 9.12. Confidentiality 158 Section 9.13. USA PATRIOT Act; Beneficial Ownership Regulation 159 Section 9.14. Appointment for Perfection 160 Section 9.15. Interest Rate Limitation 160 Section 9.16. No Fiduciary Duty, etc 160 Section 9.17. Acknowledgment and Consent to Bail-In of Affected Financial Institutions 161 Section 9.18. Flood Insurance Regulations 161 Section 9.19. Acknowledgment Regarding Any Supported QFCs 161 Section 9.20. Authorization to Enter into Permitted Hedge Intercreditor Agreements 5565 162 Section 6.179.21. Maximum Leverage Ratio 5665Investment Grade Date Changeover 162 Section 9.22. Release Matters 162 Schedules and Exhibits: Schedule 1.01A Pricing Schedule (Borrowing Base Period) Schedule 1.01B Pricing Schedule (Interim Investment Grade Period) Schedule 1.01C LC Issuance Limits Schedule 2.01 Commitments Schedule 2.04 Existing Letters of Credit; MUFG Letters of Credit Schedule 3.18 Equity Interests Schedule 3.27 Swap Agreements Schedule 6.02 Existing Liens Schedule 6.03 Existing Indebtedness Schedule 6.05 Existing Investments Schedule 6.06 Existing Restrictive Agreements Schedule 6.11 Existing Affiliate Transactions Exhibit A Form of Assignment and Assumption Exhibit B Form of Subordinated Intercompany Note Exhibit C Post-Investment Grade Date Credit Agreement Exhibit D-1 Form of U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) Exhibit D-2 Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) Exhibit D-3 Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) Exhibit D-4 Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) Exhibit E-1 Form of Borrowing Request (Pre-Investment Grade Date) Exhibit E-2 Form of Borrowing Request (Post-Investment Grade Date) Exhibit E-3 Form of Interest Election Request Exhibit F Form of Note Exhibit G-1 Form of Compliance Certificate (Pre-Investment Grade Date) Exhibit G-2 Form of Compliance Certificate (Post-Investment Grade Date) Exhibit H Form of Subsidiary Guaranty (Post-Investment Grade Date) CREDIT AGREEMENT (this “Agreement”) dated as of December 9, 2022 by and among CHESAPEAKE ENERGY CORPORATION, an Oklahoma corporation (the “Borrower”), the LENDERS from time to time party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent.
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1256 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 58 SECTION 2.20. Incremental Commitments 59 SECTION 2.21. Extensions of Loans and Several Liability 46 Commitments 62 SECTION 2.22. Refinancing Amendments 64 SECTION 2.23. Defaulting Lenders 68 SECTION 2.24. Judgment Currency 70 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 71 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 71 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 71 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0471 SECTION 3.04. Financial Statements; Projections 4248 Section 4.05Condition 72 SECTION 3.05. Solvency 4249 Section 4.06Properties 72 SECTION 3.06. Litigation 4249 Section 4.07Litigation, Environmental and Labor Matters 72 SECTION 3.07. Material Agreements; No Default 4349 Section 4.08. Ownership Compliance with Laws and Agreements 72 i Table of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13Contents (continued) Page SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 73 SECTION 3.09. Taxes 73 SECTION 3.10. ERISA 73 SECTION 3.11. Disclosure 73 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1573 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 73 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 73 SECTION 3.15. Disclosure 4552 Section 4.18Solvency 73 SECTION 3.16. Compliance with Laws 4552 Section 4.19Insurance 73 SECTION 3.17. Security Interest in Collateral 73 SECTION 3.18. Anti-Corruption Laws and Sanctions 4552 Section 4.2074 SECTION 3.19. Collateral Documents 4552 Use of Proceeds 74 SECTION 3.20. EEA Financial Institutions 74 SECTION 3.21. Plan Assets; Prohibited Transactions 74 ARTICLE IV Conditions 74 SECTION 4.01. Effective Date 74 SECTION 4.02. Each Credit Event 76 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 77 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 77 SECTION 5.02. Notices 4755 Section of Material Events 79 SECTION 5.03. Existence; Conduct of Business 4855 Section 79 SECTION 5.04. Payment of Taxes 80 SECTION 5.05. Maintenance of Properties; Insurance 80 SECTION 5.06. Books and Records; Inspection Rights 80 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 81 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 81 SECTION 5.09. Performance of ObligationsSubsidiary Guarantors; Enforcement of Rights 4957 Section Pledges; Additional Collateral; Further Assurances 81 SECTION 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.1483 SECTION 5.11. Assistance with Syndication 5159 Post-Closing Obligations 83 ARTICLE VI NEGATIVE COVENANTS 59 Section Negative Covenants 83 SECTION 6.01. Liens, etc. 5160 Section Indebtedness 84 SECTION 6.02. Indebtedness 5260 Section Liens 85 SECTION 6.03. Fundamental Changes 5361 Section and Asset Sales 87 SECTION 6.04. Investments 5362 Section Investments, Loans, Advances, Guarantees and Acquisitions 89 SECTION 6.05. Asset Sale 5362 Section Swap Agreements 91 SECTION 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.1291 SECTION 6.07. Accounting Changes; Fiscal Year 5564 Section 6.13Restricted Payments 91 SECTION 6.08. Bank Accounts 5564 Section 6.14Restrictive Agreements 92 SECTION 6.09. ERISA 5564 Section 6.15Subordinated Indebtedness and Amendments to Subordinated Indebtedness Documents and Assurex Merger Agreement 92 SECTION 6.10. Hazardous Materials 5564 Section 6.16. Modification or Termination Financial Covenants 94 ARTICLE VII Events of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Default 95 Table of Contents (continued) Page
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1249 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 51 SECTION 2.20. Judgment Currency 52 SECTION 2.21. Defaulting Lenders 52 SECTION 2.22. Expansion Option 54 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 55 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 55 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 55 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0456 SECTION 3.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Section 4.08Material Adverse Change 56 SECTION 3.05. Ownership of Property 4349 Section 4.09Properties 56 SECTION 3.06. Litigation, Environmental and Labor Matters 56 SECTION 3.07. Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Agreements 57 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 57 SECTION 3.09. Taxes 57 SECTION 3.10. ERISA 57 Table of Contents (continued) Page SECTION 3.11. Disclosure 57 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1558 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 58 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 58 SECTION 3.15. Disclosure 4552 Section 4.18No Burdensome Restrictions 58 SECTION 3.16. Compliance with Laws 4552 Section 4.19Solvency 58 SECTION 3.17. Insurance 58 SECTION 3.18. Security Interest in Collateral 58 SECTION 3.19. Anti-Corruption Laws and Sanctions 4552 Section 4.2058 ARTICLE IV Conditions 59 SECTION 4.01. Collateral Documents 4552 Effective Date 59 SECTION 4.02. Each Credit Event 59 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 60 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 60 SECTION 5.02. Notices 4755 Section of Material Events 61 SECTION 5.03. Existence; Conduct of Business 4855 Section 62 SECTION 5.04. Payment of Obligations 62 SECTION 5.05. Maintenance of Properties; Insurance 62 SECTION 5.06. Books and Records; Inspection Rights 63 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 63 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 63 SECTION 5.09. Performance of ObligationsSubsidiary Guarantors; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Pledges; Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 Collateral; Further Assurances 63 ARTICLE VI NEGATIVE COVENANTS 59 Section Negative Covenants 64 SECTION 6.01. Liens, etc. 5160 Section Indebtedness 65 SECTION 6.02. Indebtedness 5260 Section Liens 66 SECTION 6.03. Fundamental Changes 5361 Section and Asset Sales 67 SECTION 6.04. Investments 5362 Section Investments, Loans, Advances, Guarantees and Acquisitions 69 SECTION 6.05. Asset Sale 5362 Section Swap Agreements 70 SECTION 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.1270 SECTION 6.07. Accounting Changes; Fiscal Year 5564 Section 6.13Restricted Payments 70 SECTION 6.08. Bank Accounts 5564 Section 6.14Restrictive Agreements 71 SECTION 6.09. ERISA 5564 Section 6.15Subordinated Indebtedness and Amendments to Subordinated Indebtedness Documents 71 SECTION 6.10. Hazardous Materials 5564 Section 6.16Sale and Leaseback Transactions 72 SECTION 6.11. Modification or Termination Financial Covenants 72 Table of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Contents (continued) Page ARTICLE VII Events of Default 72
Appears in 1 contract
Samples: Credit Agreement (Rogers Corp)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1276 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 79 SECTION 2.20. Incremental Commitments and Several Liability 46 ARTICLE III CONDITIONS TO THE LOANS 47 Section 3.01Loans 80 SECTION 2.21. Conditions Precedent to Making the Loans 4047 Section 3.02Defaulting Lenders 83 SECTION 2.22. [Intentionally Omitted] 40 ARTICLE IV Extension of Maturity Dates 84 REPRESENTATIONS AND WARRANTIES 47 Section 4.0187 SECTION 3.01. Existence and PowerOrganization; Subsidiaries 4147 Section 4.02Powers 87 SECTION 3.02. Authority and Authorization; Enforceability 4148 Section 4.0387 SECTION 3.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0487 SECTION 3.04. Financial StatementsCondition; Projections 4248 Section 4.05No Material Adverse Change 87 SECTION 3.05. Solvency 4249 Section 4.06Properties 88 SECTION 3.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. and Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. Investment Company Axx 0000 Section 4.14. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.1888 SECTION 3.07. Compliance with Laws 4552 Section 4.19and Agreements 88 SECTION 3.08. Anti-Corruption Investment Company Status 88 SECTION 3.09. Taxes 89 SECTION 3.10. ERISA 89 SECTION 3.11. Disclosure 89 SECTION 3.12. Use of Credit 89 SECTION 3.13. Subsidiaries and Investments 89 SECTION 3.14. Sanctions Laws and Sanctions 4552 Section 4.20Regulations 90 SECTION 3.15. Solvency 90 SECTION 3.16. Security Interest in Collateral Documents 4552 ARTICLE V 91 CONDITIONS 91 SECTION 4.01. Effective Date 91 SECTION 4.02. Trigger Date 92 SECTION 4.03. Each Extension of Credit 94 AFFIRMATIVE COVENANTS 53 Section 95 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 95 SECTION 5.02. Notices 4755 Section of Material Events 96 SECTION 5.03. Existence; Conduct of Business 4855 Section 97 SECTION 5.04. Payment of Obligations 97 SECTION 5.05. Maintenance of Properties and Insurance 97 SECTION 5.06. Books and Records; Inspection Rights 97 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Agreements 98 SECTION 5.08. Use of Loan Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 98 SECTION 5.09. Performance of ObligationsGuarantors; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI Collateral; Further Assurances 99 NEGATIVE COVENANTS 59 Section 101 SECTION 6.01. Liens, etc. 5160 Section Indebtedness 101 SECTION 6.02. Indebtedness 5260 Section Liens 104 SECTION 6.03. Fundamental Changes 5361 Section 106 SECTION 6.04. Investments 5362 Section Dispositions of Property 106 SECTION 6.05. Asset Sale 5362 Section Investments and Acquisitions 107 SECTION 6.06. Restricted Payments 5463 Section 109 SECTION 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 110 SECTION 6.08. Restrictive Agreements 110 SECTION 6.09. Certain Financial Covenants 111 SECTION 6.10. Lines of Business 111 SECTION 6.11. Swap Agreements 111 SECTION 6.12. Accounting ChangesSanctions Laws and Regulations 111 EVENTS OF DEFAULT 112 THE AGENTS 115 MISCELLANEOUS 120 SECTION 9.01. Notices 120 SECTION 9.02. Waivers; Fiscal Year 5564 Section 6.13Amendments 122 SECTION 9.03. Bank Accounts 5564 Section 6.14Expenses; Indemnity; Damage Waiver 125 SECTION 9.04. ERISA 5564 Section 6.15Successors and Assigns 127 SECTION 9.05. Hazardous Materials 5564 Section 6.16Survival 130 SECTION 9.06. Modification Counterparts; Integration; Effectiveness; Electronic Execution 131 SECTION 9.07. Severability 131 SECTION 9.08. Right of Setoff 131 SECTION 9.09. Governing Law; Jurisdiction; Etc. 131 SECTION 9.10. WAIVER OF JURY TRIAL 132 SECTION 9.11. Judgment Currency 132 SECTION 9.12. Headings 133 SECTION 9.13. Treatment of Certain Information; Confidentiality 133 SECTION 9.14. Patriot Act 134 SECTION 9.15. Interest Rate Limitation 134 SECTION 9.16. No Advisory or Termination Fiduciary Responsibility 135 SECTION 9.17. Appointment for Perfection 135 SECTION 9.18. Acknowledgement and Consent to Bail-In of Material EEA Financial Institutions 135 GUARANTEE 136 SECTION 10.01. Guarantee 136 SECTION 10.02. Obligations Unconditional 136 SECTION 10.03. Reinstatement 137 SECTION 10.04. Subrogation 137 SECTION 10.05. Remedies 137 SECTION 10.06. Instrument for the Payment of Money 138 SECTION 10.07. Continuing Guarantee 138 SECTION 10.08. Rights of Contribution 138 SECTION 10.09. General Limitation on Guarantee Obligations 139 SECTION 10.10. Keepwell 139 COLLECTION ALLOCATION MECHANISM 139 SCHEDULES SCHEDULE 1.01A Excluded Subsidiaries and Excluded Equity Interests SCHEDULE 1.01B Immaterial Subsidiaries SCHEDULE 2.01A Commitments SCHEDULE 2.01B Letter of Credit Commitments SCHEDULE 3.06(a) Litigation SCHEDULE 3.06(b) Environmental Matters SCHEDULE 3.13 Subsidiaries and Investments SCHEDULE 6.01 Existing Indebtedness SCHEDULE 6.02 Existing Liens SCHEDULE 6.08 Existing Restrictive Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665EXHIBITS EXHIBIT A Form of Assignment and Assumption EXHIBIT B Form of Pledge Agreement EXHIBIT C Form of Guarantee Assumption Agreement EXHIBIT D-1 Form of U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) EXHIBIT D-2 Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) EXHIBIT D-3 Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) EXHIBIT D-4 Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) EXHIBIT E Form of Solvency Certificate AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of January 20, 2017, between TELEFLEX INCORPORATED, the GUARANTORS party hereto, the LENDERS party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, BANK OF AMERICA, N.A. and PNC BANK, NATIONAL ASSOCIATION, as Co-Syndication Agents, CITIZENS BANK OF PENNSYLVANIA, DNB BANK ASA, NEW YORK BRANCH, HSBC SECURITIES (USA) INC., MUFG UNION BANK, N.A., SUMITOMO MITSUI BANKING CORPORATION and XXXXX FARGO BANK, N.A., as Co-Documentation Agents and CAPITAL ONE, NATIONAL ASSOCIATION, CITIBANK, N.A., FIFTH THIRD BANK and U.S. BANK NATIONAL ASSOCIATION, as Senior Managing Agents.
Appears in 1 contract
Samples: Pledge Agreement (Teleflex Inc)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12. 6372 SECTION 2.20 Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 6575 SECTION 2.21 Expansion Option 6576 SECTION 2.22 Defaulting Lenders 6878 SECTION 2.23 Acknowledgement and Several Liability 46 Consent to Bail-In of EEAAffected Financial Institutions 7081 SECTION 2.24 Renewal Options 81 ARTICLE III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. 7183 SECTION 3.01 Organization 7183 SECTION 3.02 Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes7183 SECTION 3.03 Necessary Action 7183 SECTION 3.04 Due Authorization, Etc. 4350 Section 4.12. 7183 SECTION 3.05 Compliance with Law 7284 SECTION 3.06 No Litigation 7284 i Cleco Power LLC Credit Agreement SECTION 3.07 Title 84 SECTION 3.083.07 Governmental Approvals 7284 SECTION 3.093.08 Financial Condition 7285 SECTION 3.10 Capitalization 85 SECTION 3.11 Subsidiaries 85 SECTION 3.12 Taxes 85 SECTION 3.13 No Default 85 SECTION 3.14 ERISA 4450 Section 4.13. 85 SECTION 3.153.09 No Violation 7386 SECTION 3.163.10 Not Investment Company Axx 0000 Section 4.14. Federal Reserve 7486 SECTION 3.173.11 Accuracy of Disclosures 7486 SECTION 3.183.12 Margin Regulations 4451 Section 4.15. 7486 SECTION 3.19 Labor Relations 86 SECTION 3.203.13 Environmental Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with 7487 SECTION 3.213.14 Anti-Terrorism Laws 4552 Section 4.19. and; Sanctions 76; Anti-Corruption Laws and Sanctions 4552 Section 4.20. Collateral Documents 4552 ARTICLE V AFFIRMATIVE COVENANTS 53 Section 5.01. Financial Statements and Reports 4653 Section 5.02. Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section 5.04. Compliance with Laws 4856 Section 5.05. Laws88 SECTION 3.22 Immunity 88 SECTION 3.23 Pari Passu Rankings 88 SECTION 3.24 Solvency 88 SECTION 3.25 Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 89 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665IV CONDITIONS 7689
Appears in 1 contract
Samples: Credit Agreement (Cleco Power LLC)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12. 46 SECTION 2.20 Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 48 SECTION 2.21 Reserved 49 SECTION 2.22 Defaulting Lenders 49 SECTION 2.23 Acknowledgement and Several Liability 46 ARTICLE Consent to Bail-In of Affected Financial Institutions 50 Article III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence Representations and Power; Subsidiaries 4147 Section 4.02. Warranties 51 SECTION 3.01 Organization 51 SECTION 3.02 Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes51 SECTION 3.03 Necessary Action 51 SECTION 3.04 Due Authorization, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. 51 SECTION 3.05 Compliance with Law 51 SECTION 3.06 No Litigation 51 i Cleco Power LLC Credit Agreement SECTION 3.07 Governmental Approvals 52 SECTION 3.08 Financial Condition 52 SECTION 3.09 No Violation 52 SECTION 3.10 Not Investment Company Axx 0000 Section 4.14. Federal Reserve 53 SECTION 3.11 Accuracy of Disclosures 53 SECTION 3.12 Margin Regulations 4451 Section 4.15. Labor 53 SECTION 3.13 Environmental Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with Laws 4552 Section 4.19. 53 SECTION 3.14 Anti-Terrorism Laws; Sanctions; Anti-Corruption Laws and Sanctions 4552 Section 4.20. Collateral Documents 4552 ARTICLE 54 Article IV Conditions 55 SECTION 4.01 Effective Date 55 Article V AFFIRMATIVE COVENANTS 53 Section 5.01. Affirmative Covenants 57 SECTION 5.01 Use of Proceeds 57 SECTION 5.02 Financial Statements and Reports 4653 Section 5.0257 SECTION 5.03 Notices of Material Events 58 SECTION 5.04 Inspection of Property 60 SECTION 5.05 Maintenance of Properties 60 SECTION 5.06 Compliance with Laws 60 SECTION 5.07 Maintenance of Legal Status 60 SECTION 5.08 Insurance 61 SECTION 5.09 Taxes 61 SECTION 5.10 Financial Covenant 61 Article VI Negative Covenants 61 SECTION 6.01 Fundamental Changes; Sale of Assets; Etc. Notices 4755 Section 5.03. Existence; 61 SECTION 6.02 Conduct of Business 4855 Section 5.04. Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. 62 SECTION 6.03 Distributions 62 SECTION 6.04 Transactions with Affiliates 5464 Section 6.12. Accounting Changes62 SECTION 6.05 Anti-Terrorism Laws and Sanctions; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. Anti-Corruption Laws 63 SECTION 6.06 Liens 63 Article VII Events of Default 67 Article VIII The Administrative Agent 69 SECTION 8.01 Appointment and Authority 69 SECTION 8.02 Rights as a Lender 70 SECTION 8.03 Exculpatory Provisions 70 SECTION 8.04 Reliance by Administrative Agent 71 SECTION 8.05 Delegation of Duties 71 SECTION 8.06 Resignation of Administrative Agent 71 SECTION 8.07 Non-Reliance on Administrative Agent and Other Lenders 72 SECTION 8.08 No Other Duties 73 SECTION 8.09 No Liability 73 SECTION 8.10 Administrative Agent May File Proofs of Claim 73 SECTION 8.11 Certain ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification Matters 73 SECTION 8.12 Erroneous Payments 75 Cleco Power LLC Term Loan Agreement Article IX Miscellaneous 77 SECTION 9.01 Notices 77 SECTION 9.02 Waivers; Amendments 79 SECTION 9.03 Expenses; Indemnity; Damage Waiver 81 SECTION 9.04 Successors and Assigns 83 SECTION 9.05 Survival 87 SECTION 9.06 Counterparts; Integration; Effectiveness 88 SECTION 9.07 Severability 88 SECTION 9.08 Right of Setoff 88 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 88 SECTION 9.10 WAIVER OF JURY TRIAL 89 SECTION 9.11 Headings 89 SECTION 9.12 Confidentiality 89 SECTION 9.13 USA PATRIOT Act 90 SECTION 9.14 Interest Rate Limitation 90 SECTION 9.15 No Advisory or Termination Fiduciary Responsibility 91 SECTION 9.16 Electronic Execution of Material Agreements 5565 Section 6.17. Maximum Leverage Documents 91 SCHEDULES: Schedule 2.01 – Commitments and Lenders EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B-1 – Form of Borrowing Request Exhibit B-2 – Form of Interest Election Request Exhibit E – Form of Financial Ratio 5665Certificate Exhibit F – Form of Note Exhibit G-1 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships) Exhibit G-2 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships) Exhibit G-3 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships) Exhibit G-4 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships) Cleco Power LLC Term Loan Agreement TERM LOAN AGREEMENT (this “Agreement”) dated as of May 21, 2021 among CLECO POWER LLC, a Louisiana limited liability company (the “Borrower”), the LENDERS from time to time party hereto and REGIONS BANK, as Administrative Agent.
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1238 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 40 SECTION 2.20. Expansion Option 41 SECTION 2.21. Market Disruption 42 SECTION 2.22. Judgment Currency 42 SECTION 2.23. Designation of Foreign Subsidiary Borrowers 43 SECTION 2.24. Defaulting Lenders. 43 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 44 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 44 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 45 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0445 SECTION 3.04. Financial StatementsCondition; Projections 4248 Section 4.05No Material Adverse Change 45 SECTION 3.05. Solvency 4249 Section 4.06Properties 45 SECTION 3.06. Litigation 4249 Section 4.07and Environmental Matters 45 SECTION 3.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.1346 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 46 SECTION 3.09. Taxes 46 SECTION 3.10. ERISA 46 SECTION 3.11. Disclosure 46 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1546 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 46 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 46 SECTION 3.15. Disclosure 4552 Section 4.18No Burdensome Restrictions 46 SECTION 3.16. Compliance with Laws 4552 Section 4.19Solvency 46 SECTION 3.17. Anti-Corruption Laws and Sanctions 4552 Section 4.20Insurance 47 SECTION 3.18. Security Interest in Collateral Documents 4552 47 Table of Contents (continued) Page ARTICLE IV Conditions 47 SECTION 4.01. Effective Date 47 SECTION 4.02. Each Credit Event 48 SECTION 4.03. Designation of a Foreign Subsidiary Borrower 49 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 49 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 49 SECTION 5.02. Notices 4755 Section of Material Events 50 SECTION 5.03. Existence; Conduct of Business 4855 Section 50 SECTION 5.04. Payment of Obligations 51 SECTION 5.05. Maintenance of Properties; Insurance 51 SECTION 5.06. Books and Records; Inspection Rights 51 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 51 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 52 SECTION 5.09. Performance of ObligationsSubsidiary Guarantors; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Pledges; Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 Collateral; Further Assurances 52 ARTICLE VI NEGATIVE COVENANTS 59 Section Negative Covenants 53 SECTION 6.01. Liens, etc. 5160 Section Indebtedness 53 SECTION 6.02. Indebtedness 5260 Section Liens 54 SECTION 6.03. Fundamental Changes 5361 Section and Asset Sales 55 SECTION 6.04. Investments 5362 Section Investments, Loans, Advances, Guarantees and Acquisitions 56 SECTION 6.05. Asset Sale 5362 Section Swap Agreements 57 SECTION 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.1257 SECTION 6.07. Accounting ChangesRestricted Payments 57 SECTION 6.08. Restrictive Agreements 57 SECTION 6.09. Subordinated Indebtedness and Amendments to Subordinated Indebtedness Documents 57 SECTION 6.10. Sale and Leaseback Transactions 58 SECTION 6.11. Financial Covenants 58 ARTICLE VII Events of Default 58 ARTICLE VIII The Administrative Agent 60 ARTICLE IX Miscellaneous 64 SECTION 9.01. Notices 64 SECTION 9.02. Waivers; Fiscal Year 5564 Section 6.13Amendments 64 SECTION 9.03. Bank Accounts 5564 Section 6.14Expenses; Indemnity; Damage Waiver 66 SECTION 9.04. ERISA 5564 Section 6.15Successors and Assigns 67 SECTION 9.05. Hazardous Materials 5564 Section 6.16Survival 69 SECTION 9.06. Modification or Counterparts; Integration; Effectiveness 69 SECTION 9.07. Severability 70 SECTION 9.08. Right of Setoff 70 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 70 SECTION 9.10. WAIVER OF JURY TRIAL 71 SECTION 9.11. Headings 71 SECTION 9.12. Confidentiality 71 SECTION 9.13. USA PATRIOT Act 72 SECTION 9.14. Appointment for Perfection 72 ARTICLE X Cross-Guarantee 72 Table of Contents (continued) Page SCHEDULES: Schedule 2.01 — Commitments 76 Schedule 2.02 — Mandatory Cost 77 Schedule 2.06 — Existing Letters of Credit 80 Schedule 3.01 — Subsidiaries 81 Schedule 6.01 — Existing Indebtedness 85 Schedule 6.02 — Existing Liens 87 Schedule 6.04 — Existing Investments 93 EXHIBITS: Exhibit A — Form of Assignment and Assumption 94 Exhibit B-1 — Form of Opinion of U.S. Loan Parties’ Counsel 97 Exhibit B-2 — Form of Opinion of Dutch Borrower’s Counsel 107 Exhibit C — Form of Increasing Lender Supplement 119 Exhibit D — Form of Augmenting Lender Supplement 121 Exhibit E — List of Closing Documents 123 Exhibit F-1 — Form of Borrowing Subsidiary Agreement 126 Exhibit F-2 — Form of Borrowing Subsidiary Termination 128 AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665July 13, 2011 among MATERION CORPORATION, MATERION ADVANCED MATERIALS TECHNOLOGIES AND SERVICES NETHERLANDS B.V., the other FOREIGN SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, and BANK OF AMERICA, N.A., KEYBANK NATIONAL ASSOCIATION and XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Co-Syndication Agents.
Appears in 1 contract
Samples: Credit Agreement (MATERION Corp)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 SECTION 2.20. Expansion Option SECTION 2.21. Defaulting Lenders ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 47 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.04SECTION 3.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Section 4.08Material Adverse Change SECTION 3.05. Ownership of Property 4349 Section 4.09Properties SECTION 3.06. Litigation, Environmental and Labor Matters SECTION 3.07. Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Agreements 48 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 49 SECTION 3.09. Taxes 49 SECTION 3.10. ERISA 50 SECTION 3.11. Disclosure 50 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1550 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 50 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 50 SECTION 3.15. Disclosure 4552 Section 4.18No Burdensome Restrictions 50 SECTION 3.16. Compliance with Laws 4552 Section 4.19Solvency 51 SECTION 3.17. Anti-Corruption Laws and Sanctions 4552 Section 4.20Use of Proceeds SECTION 3.18. Security Interest in Collateral Documents 4552 51 ARTICLE IV Conditions 51 SECTION 4.01. Effective Date 51 SECTION 4.02. Each Credit Event ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants SECTION 5.01. Financial Statements and Reports 4653 Section Other Information SECTION 5.02. Notices 4755 Section of Material Events SECTION 5.03. Existence; Conduct of Business 4855 Section 55 SECTION 5.04. Payment of Obligations SECTION 5.05. Maintenance of Properties; Insurance SECTION 5.06. Books and Records; Inspection Rights SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 56 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Proceeds
Appears in 1 contract
Samples: Credit Agreement (Par Pharmaceutical Companies, Inc.)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Treatment; 62 Section 2.11. Taxes 3642 Section 2.122.19. Mitigation Obligations; Replacement of Lenders 4046 65 Section 2.13 Borrower Representative; Joint 2.20. Judgment Currency 65 Section 2.21. Defaulting Lenders 66 Section 2.22. Qualified IRB LC Obligations 67 Section 2.23. Returned Payments 67 Section 2.24. Banking Services and Several Liability 46 Swap Agreements 68 ARTICLE III CONDITIONS TO THE LOANS 47 Representations and Warranties 68 Section 3.01. Conditions Precedent to Making the Loans 4047 Organization; Powers 68 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Authorization; Enforceability 68 Section 4.013.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 68 Section 4.043.04. Financial StatementsCondition; Projections 4248 No Material Adverse Effect 69 Section 4.053.05. Solvency 4249 Properties 69 Section 4.063.06. Litigation 4249 and Environmental Matters 69 Section 4.073.07. Material Compliance with Laws and Agreements; No Default 4349 70 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.133.08. Investment Company Axx 0000 Status 70 Section 4.143.09. Taxes 70 Section 3.10. ERISA 70 Section 3.11. Disclosure 70 Section 3.12. Material Agreements 70 Section 3.13. Solvency 71 Section 3.14. Insurance 71 Section 3.15. Capitalization and Subsidiaries 71 Section 3.16. Security Interest in Collateral 71 Section 3.17. Employment Matters 72 Section 3.18. Federal Reserve Regulations 4451 72 Section 4.153.19. Labor Matters 4451 Use of Proceeds 72 Section 4.163.20. Intellectual Property 4451 No Burdensome Restrictions 72 Section 4.17. Disclosure 4552 Section 4.18. Compliance with Laws 4552 Section 4.193.21. Anti-Corruption Laws and Sanctions 4552 72 Section 4.203.22. Collateral Documents 4552 Common Enterprise 72 ARTICLE V AFFIRMATIVE COVENANTS 53 IV Conditions 73 Section 5.014.01. Financial Statements and Reports 4653 Restatement Effective Date 73 Section 5.024.02. Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section 5.04. Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Each Credit Event 76
Appears in 1 contract
Samples: Joinder Agreement (TimkenSteel Corp)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12. 56 SECTION 2.20 Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 58 SECTION 2.21 Expansion Option 59 SECTION 2.22 Defaulting Lenders 60 SECTION 2.23 Acknowledgement and Several Liability 46 ARTICLE Consent to Bail-In of Affected Financial Institutions 63 Article III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence Representations and Power; Subsidiaries 4147 Section 4.02. Warranties 64 SECTION 3.01 Organization 64 SECTION 3.02 Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes64 SECTION 3.03 Necessary Action 64 SECTION 3.04 Due Authorization, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. 64 SECTION 3.05 Compliance with Law 64 Cleco Power LLC Credit Agreement SECTION 3.06 No Litigation 64 SECTION 3.07 Governmental Approvals 65 SECTION 3.08 Financial Condition 65 SECTION 3.09 No Violation 65 SECTION 3.10 Not Investment Company Axx 0000 Section 4.14. Federal Reserve 65 SECTION 3.11 Accuracy of Disclosures 65 SECTION 3.12 Margin Regulations 4451 Section 4.15. Labor 66 SECTION 3.13 Environmental Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with Laws 4552 Section 4.19. 66 SECTION 3.14 Anti-Terrorism Laws; Sanctions; Anti-Corruption Laws and Sanctions 4552 Section 4.20. Collateral Documents 4552 ARTICLE 67 Article IV Conditions 68 SECTION 4.01 Effective Date 68 SECTION 4.02 Each Credit Event 70 Article V AFFIRMATIVE COVENANTS 53 Section 5.01. Affirmative Covenants 70 SECTION 5.01 Use of Proceeds 71 SECTION 5.02 Financial Statements and Reports 4653 Section 5.02. 71 SECTION 5.03 Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section 5.04. Material Events 72 SECTION 5.04 Inspection of Property 73 SECTION 5.05 Maintenance of Properties 74 SECTION 5.06 Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. 74 SECTION 5.07 Maintenance of Legal Status 74 SECTION 5.08 Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE 74 SECTION 5.09 Taxes 74 SECTION 5.10 Financial Covenant 75 Article VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Negative Covenants 75
Appears in 1 contract
Samples: Credit Agreement (Cleco Power LLC)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1247 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 49 SECTION 2.20. Expansion Option 49 SECTION 2.21. Defaulting Lenders 51 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 52 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 52 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 53 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0453 SECTION 3.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Section 4.08Material Adverse Change 53 SECTION 3.05. Ownership of Property 4349 Section 4.09Properties 53 SECTION 3.06. Litigation, Environmental and Labor Matters 54 SECTION 3.07. Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Agreements 54 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 54 SECTION 3.09. Taxes 54 SECTION 3.10. ERISA 55 SECTION 3.11. Disclosure 55 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1555 Table of Contents (continued) Page SECTION 3.13. Labor Matters 4451 Section 4.16Liens 55 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 55 SECTION 3.15. Disclosure 4552 Section 4.18No Burdensome Restrictions 55 SECTION 3.16. Compliance with Laws 4552 Section 4.19Solvency 55 SECTION 3.17. Anti-Corruption Insurance 55 SECTION 3.18. Security Interest in Collateral 55 SECTION 3.19. Use of Proceeds 56 SECTION 3.20. Sanctions Laws and Sanctions 4552 Section 4.20Regulations. Collateral Documents 4552 56 SECTION 3.21. EEA Financial Institutions. 56 ARTICLE IV Conditions 56 SECTION 4.01. Effective Date 56 SECTION 4.02. Each Credit Event 57 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 58 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 58 SECTION 5.02. Notices 4755 Section of Material Events 59 SECTION 5.03. Existence; Conduct of Business 4855 Section 59 SECTION 5.04. Payment of Obligations 60 SECTION 5.05. Maintenance of Properties; Insurance 60 SECTION 5.06. Books and Records; Inspection Rights 60 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 61 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 61 SECTION 5.09. Performance of ObligationsSubsidiary Guarantors; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Pledges; Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting ChangesCollateral; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Further Assurances 61
Appears in 1 contract
Samples: Credit Agreement (Angiodynamics Inc)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1254 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 56 SECTION 2.20. Incremental Facilities 56 SECTION 2.21. Judgment Currency 59 SECTION 2.22. Defaulting Lenders… 60 SECTION 2.23. Designation of Subsidiary Borrowers 62 SECTION 2.24. Administrative Borrower Representative; Joint and Several Liability 46 62 SECTION 2.25. Lender Qualified Bilateral Letters of Credit 63 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 63 Table of Contents (continued) Page SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Financial Condition 63 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Corporate Existence; Compliance with Law 63 SECTION 3.03. Existence and Corporate Power; Subsidiaries 4147 Section 4.02Authorization; Enforceable Obligations 64 SECTION 3.04. Authority and Enforceability 4148 Section 4.03No Legal Bar 64 SECTION 3.05. Government Approvals; No Conflicts 4148 Section 4.04Material Litigation 64 SECTION 3.06. Financial Statements; Projections 4248 Section 4.05No Burdensome Restrictions 64 SECTION 3.07. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.0865 SECTION 3.08. Ownership of Property 4349 Section 4.09Subsidiaries 65 SECTION 3.09. Environmental Laws 4350 Section 4.10Disclosure 65 SECTION 3.10. Insurance 4350 Section 4.11Margin Stock 65 SECTION 3.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13Federal Regulations 65 SECTION 3.12. Investment Company Axx 0000 Section 4.14. Federal Reserve Act; Other Regulations 4451 Section 4.1565 SECTION 3.13. Labor Matters 4451 Section 4.1665 SECTION 3.14. ERISA… 65 SECTION 3.15. Title to Real Property 65 SECTION 3.16. Taxes 66 SECTION 3.17. Environmental Matters 66 SECTION 3.18. Intellectual Property 4451 Section 4.1767 SECTION 3.19. Disclosure 4552 Section 4.18Security Documents 67 SECTION 3.20. Compliance with Laws 4552 Section 4.19Solvency 67 SECTION 3.21. Anti-Corruption Laws and Sanctions 4552 Section 4.20No EEA Financial Institution 67 ARTICLE IV Conditions 67 SECTION 4.01. Collateral Documents 4552 Effective Date 67 SECTION 4.02. Each Credit Event 68 SECTION 4.03. Designation of a Subsidiary Borrower 68 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 69 SECTION 5.01. Financial Statements and Reports 4653 Section 69 SECTION 5.02. Notices 4755 Section Certificates; Other Information 70 SECTION 5.03. Existence; Conduct Payment of Business 4855 Section Taxes 70 SECTION 5.04. Compliance with Laws 4856 Section 70 SECTION 5.05. Use Conduct of Proceeds 4856 Section Business and Maintenance of Existence 70 SECTION 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Property; Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 566571
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1250 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 52 SECTION 2.20. Expansion Option 53 SECTION 2.21. Judgment Currency 54 SECTION 2.22. Defaulting Lenders 55 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 56 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Existence, Qualification and Power 56 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government ApprovalsAuthorization; No Conflicts 4148 Section 4.04Contravention 56 SECTION 3.03. Governmental Authorization; Other Consents 57 SECTION 3.04. Binding Effect 57 SECTION 3.05. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06No Material Adverse Effect 57 SECTION 3.06. Litigation 4249 Section 4.0758 SECTION 3.07. Material Agreements; No Default 4349 Section 4.0858 SECTION 3.08. Ownership of Property 4349 Section 4.09Property; Liens 58 SECTION 3.09. Environmental Laws 4350 Section 4.10Compliance 58 SECTION 3.10. Insurance 4350 Section 4.1159 Table of Contents (continued) Page SECTION 3.11. Taxes, Etc. 4350 Section 4.12Taxes 59 SECTION 3.12. ERISA 4450 Section 4.13Compliance 59 SECTION 3.13. Subsidiaries; Equity Interests; Loan Parties 60 SECTION 3.14. Margin Regulations; Investment Company Axx 0000 Section 4.14. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17Act 60 SECTION 3.15. Disclosure 4552 Section 4.1860 SECTION 3.16. Compliance with Laws 4552 Section 4.1961 SECTION 3.17. Intellectual Property/Proprietary Rights, Etc. 61 SECTION 3.18. Solvency 62 SECTION 3.19. Casualty, Etc. 62 SECTION 3.20. Labor Matters 62 SECTION 3.21. Collateral Documents 62 SECTION 3.22. Anti-Corruption Terrorism Laws and Sanctions 4552 Section 4.2063 SECTION 3.23. Collateral Documents 4552 Regulatory Matters 63 ARTICLE IV Conditions 64 SECTION 4.01. Effective Date 64 SECTION 4.02. Each Credit Event 65 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 65 SECTION 5.01. Financial Statements and Reports 4653 Section 65 SECTION 5.02. Notices 4755 Section Certificates; Other Information 66 SECTION 5.03. Notices 68 SECTION 5.04. Payment of Obligations 69 SECTION 5.05. Preservation of Existence; Conduct , Etc. 69 SECTION 5.06. Maintenance of Business 4855 Section 5.04Properties 69 SECTION 5.07. Maintenance of Insurance 69 SECTION 5.08. Compliance with Laws 4856 Section 5.0570 SECTION 5.09. Books and Records 70 SECTION 5.10. Inspection Rights 70 SECTION 5.11. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 70 SECTION 5.12. Additional Covenant to Guarantee Obligations and Give Security 70 SECTION 5.13. Compliance with Environmental Laws 71 SECTION 5.14. Further Assurances 72 SECTION 5.15. Compliance with Terms of Leaseholds 72 SECTION 5.16. Reserved 73 SECTION 5.17. Information Regarding Collateral and Guaranties 5058 Section 5.13Loan Documents 73 SECTION 5.18. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 Post Closing Matters 73 ARTICLE VI NEGATIVE COVENANTS 59 Section Negative Covenants 73 SECTION 6.01. Liens, etc. 5160 Section Liens 73 SECTION 6.02. Indebtedness 5260 Section 74 SECTION 6.03. Investments 76 SECTION 6.04. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 77 Table of Contents (continued) Page SECTION 6.05. Asset Sale 5362 Section Dispositions 78 SECTION 6.06. Restricted Payments 5463 Section 79 SECTION 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Change in Nature of Activities 5463 Section 6.11Business 80 SECTION 6.08. Transactions with Affiliates 5464 Section 80 SECTION 6.09. Burdensome Agreements 80 SECTION 6.10. Use of Proceeds 80 SECTION 6.11. Financial Covenants 80 SECTION 6.12. Accounting Changes; Fiscal Year 5564 Section Capital Expenditures 80 SECTION 6.13. Bank Accounts 5564 Section Amendments of Organization Documents 81 SECTION 6.14. ERISA 5564 Section Accounting Changes 81 SECTION 6.15. Hazardous Materials 5564 Section 6.16Prepayments, Etc. Modification or Termination of Indebtedness 81 ARTICLE VII Events of Default 81 ARTICLE VIII The Administrative Agent 84 ARTICLE IX Miscellaneous 87 SECTION 9.01. Notices 87 SECTION 9.02. Waivers; Amendments 88 SECTION 9.03. Expenses; Indemnity; Damage Waiver 90 SECTION 9.04. Successors and Assigns 91 SECTION 9.05. Survival 94 SECTION 9.06. Counterparts; Integration; Effectiveness 95 SECTION 9.07. Severability 95 SECTION 9.08. Right of Setoff 95 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 95 SECTION 9.10. WAIVER OF JURY TRIAL 96 SECTION 9.11. Headings 96 SECTION 9.12. Confidentiality 96 SECTION 9.13. USA PATRIOT Act 97 SECTION 9.14. Releases of Guarantors 97 SECTION 9.15. Appointment for Perfection 97 ARTICLE X Cross-Guarantee. 97 SCHEDULES: Schedule 2.01 – Commitments Schedule 2.02 – Mandatory Cost Schedule 2.06 – Existing Letters of Credit Schedule 3.06 – Material Litigation Schedule 3.17(d) – Infringed Proprietary Rights Schedule 5.12 – List of Guarantors Schedule 5.18 – List of Deposit Account Control Agreements 5565 Section 6.17Schedule 6.01(b) – Existing Liens Schedule 6.02(d) – Existing Indebtedness Schedule 6.03(f) – Existing Investments Schedule 6.09 – Burdensome Agreements EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Note Exhibit C – Form of Borrowing Request Exhibit D – Form of Interest Election Request Exhibit E – Form of Increasing Lender Supplement Exhibit F – Form of Augmenting Lender Supplement Exhibit G – List of Closing Documents Exhibit H-1 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships) Exhibit H-2 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships) Exhibit H-3 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships) Exhibit H-4 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships) Exhibit I – Form of Guaranty Exhibit J – Form of Security Agreement Exhibit K-1 – Form of Perfection Certificate Exhibit K-2 – Form of Perfection Certificate Supplement CREDIT AGREEMENT (this “Agreement”) dated as of July 29, 2011 among VONAGE AMERICA INC., a Delaware corporation (“Vonage America”), VONAGE HOLDINGS CORP., a Delaware corporation (“Holdings” and, collectively with Vonage America, the “Borrowers”), the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent and RBS CITIZENS, N.A., as Syndication Agent. Maximum Leverage Ratio 5665The parties hereto agree as follows:
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1272 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 75 SECTION 2.20. Incremental Credit Extensions 75 SECTION 2.21. Judgment Currency 78 SECTION 2.22. Defaulting Lenders 78 SECTION 2.23. Extensions of Loans and Several Liability 46 Commitments 80 SECTION 2.24. Loan Repurchases 84 SECTION 2.25. Refinancing Amendment 85 SECTION 2.26. Illegality 86 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 87 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 87 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 87 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0487 SECTION 3.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Section 4.08Material Adverse Change 88 SECTION 3.05. Ownership Properties 88 SECTION 3.06. Litigation, Environmental and Labor Matters 88 Table of Property 4349 Section 4.09Contents (continued) Page SECTION 3.07. Environmental Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Agreements 89 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 89 SECTION 3.09. Taxes 89 SECTION 3.10. ERISA 89 SECTION 3.11. Disclosure 89 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1590 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 90 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 90 SECTION 3.15. Disclosure 4552 Section 4.18No Burdensome Restrictions 90 SECTION 3.16. Compliance with Laws 4552 Section 4.19Security Interest in Collateral 90 SECTION 3.17. Anti-Corruption Laws and Sanctions 4552 Section 4.20Solvency 90 ARTICLE IV Conditions 91 SECTION 4.01. Collateral Documents 4552 Effectiveness 91 SECTION 4.02. Each Credit Event 91 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 92 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 92 SECTION 5.02. Notices 4755 Section of Material Events 94 SECTION 5.03. Existence; Conduct of Business 4855 Section 94 SECTION 5.04. Payment of Obligations 95 SECTION 5.05. Maintenance of Properties; Insurance 95 SECTION 5.06. Books and Records; Inspection Rights 95 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 95 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 566596
Appears in 1 contract
Samples: And Restatement Agreement (Endo Health Solutions Inc.)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1236 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 38 SECTION 2.20. Intentionally Omitted 39 SECTION 2.21. Defaulting Lenders 39 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 39 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 39 SECTION 3.02. Authorization; Enforceability 40 SECTION 3.03. Governmental Approvals; No Conflicts 40 SECTION 3.04. Financial Condition 40 SECTION 3.05. Properties 40 SECTION 3.06. Litigation, Environmental and Labor Matters 41 SECTION 3.07. Compliance with Laws and Agreements 41 SECTION 3.08. Investment Company Status 41 SECTION 3.09. Taxes 41 SECTION 3.10. ERISA 42 SECTION 3.11. Disclosure 42 SECTION 3.12. Federal Reserve Regulations 42 Table of Contents (continued) Page SECTION 3.13. Liens 42 SECTION 3.14. No Default 42 SECTION 3.15. No Burdensome Restrictions 42 SECTION 3.16. Solvency 42 SECTION 3.17. Insurance 42 SECTION 3.18. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. Investment Company Axx 0000 Section 4.14. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with Laws 4552 Section 4.1943 SECTION 3.19. Anti-Corruption Laws and Sanctions 4552 Section 4.2043 SECTION 3.20. Collateral Documents 4552 Use of Proceeds 43 SECTION 3.21. EEA Financial Institutions 43 ARTICLE IV Conditions 43 SECTION 4.01. Effective Date 43 SECTION 4.02. Each Credit Event 46 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 46 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 46 SECTION 5.02. Notices 4755 Section of Material Events 48 SECTION 5.03. Existence; Conduct of Business 4855 Section 48 SECTION 5.04. Payment of Obligations 48 SECTION 5.05. Maintenance of Properties; Insurance 48 SECTION 5.06. Books and Records; Inspection Rights 49 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 49 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 566550
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12. 5344 SECTION 2.17 Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 5546 SECTION 2.18 Defaulting Lenders 5647 SECTION 2.19 Acknowledgement and Several Liability 46 Consent to Bail-In of EEA Affected Financial Institutions 5748 SECTION 2.20 Expansion Option 57 ARTICLE III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. 5949 SECTION 3.01 Organization 5949 SECTION 3.02 Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes5949 SECTION 3.03 Necessary Action 5949 SECTION 3.04 Due Authorization, Etc. 4350 Section 4.12. 5949 SECTION 3.05 Compliance with Law 5949 SECTION 3.06 No Litigation 6049 SECTION 3.07 Title 60 SECTION 3.083.07 Governmental Approvals 6050 SECTION 3.093.08 Financial Condition 6050 SECTION 3.10 Capitalization 61 SECTION 3.11 Subsidiaries 61 Cleco Corporate Holdings LLC 2016 Term Loan Credit Agreement SECTION 3.12 Taxes 61 SECTION 3.13 No Default 61 SECTION 3.14 ERISA 4450 Section 4.13. 61 SECTION 3.153.09 No Violation 6150 SECTION 3.163.10 Not Investment Company Axx 0000 Section 4.14. Federal Reserve 6250 SECTION 3.173.11 Accuracy of Disclosures 6251 SECTION 3.183.12 Margin Regulations 4451 Section 4.15. 6251 SECTION 3.19 Labor Relations 62 SECTION 3.203.13 Environmental Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with 6251 SECTION 3.213.14 Anti-Terrorism Laws 4552 Section 4.19. and; Sanctions; Anti-Corruption Laws and Sanctions 4552 Section 4.20. Collateral Documents 4552 6452 SECTION 3.22 Immunity 64 SECTION 3.23 Pari Passu Rankings 64 SECTION 3.24 Solvency 64 SECTION 3.25 Use of Proceeds 64 ARTICLE IV CONDITIONS 6453 SECTION 4.01 Effective Date Reserved 6453 ARTICLE V AFFIRMATIVE COVENANTS 53 Section 5.01. 6653 SECTION 5.01 Use of Proceeds 6653 SECTION 5.02 Financial Statements and Reports 4653 Section 5.02. 6753 SECTION 5.03 Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section 5.04. Material Events 6854 SECTION 5.04 Inspection of Property 6955 SECTION 5.05 Maintenance of Properties 7056 SECTION 5.06 Governmental Approvals 70 SECTION 5.075.06 Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. 7056 SECTION 5.085.07 Maintenance of Legal Status 7056 SECTION 5.095.08 Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 7056 SECTION 5.105.09 Taxes 7157 SECTION 5.11 Auditors 71 SECTION 5.125.10 Financial Covenant 7157 SECTION 5.13 Debt Rating 71 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.017257 SECTION 6.01 Fundamental Changes; Sale of Assets; Etc. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. 7257 SECTION 6.02 Conduct of Business 7357 SECTION 6.03 IndebtednessDistributions 7357 SECTION 6.04 Liens 76 SECTION 6.05 Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. 76 SECTION 6.06 Distributions 77 SECTION 6.076.04 Transactions with Affiliates 5464 Section 6.12. Accounting Changes7758 SECTION 6.08 Constitutive Documents 77 SECTION 6.096.05 Anti-Terrorism Laws and Sanctions; Anti-Money Laundering Anti-Corruption Laws 7758 SECTION 6.06 Liens 58 SECTION 6.10 Name, Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 566578 SECTION 6.11 Registered Office 78 ii Cleco Corporate Holdings LLC 2016 Term Loan Credit Agreement
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1250 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 52 SECTION 2.20. Incremental Commitments 53 SECTION 2.21. Extensions of Loans and Several Liability 46 Commitments 56 SECTION 2.22. Refinancing Amendments 59 SECTION 2.23. Defaulting Lenders 63 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 64 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 64 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 65 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0465 SECTION 3.04. Financial Statements; Projections 4248 Section 4.05Condition 65 SECTION 3.05. Solvency 4249 Section 4.06Properties 65 SECTION 3.06. Litigation 4249 Section 4.07Litigation, Environmental and Labor Matters 66 SECTION 3.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Agreements 66 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 66 SECTION 3.09. Taxes 66 SECTION 3.10. ERISA 66 Table of Contents (continued) Page SECTION 3.11. Disclosure 66 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1567 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 67 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 67 SECTION 3.15. Disclosure 4552 Section 4.18Solvency 67 SECTION 3.16. Compliance with Laws 4552 Section 4.19Insurance 67 SECTION 3.17. Security Interest in Collateral 67 SECTION 3.18. Anti-Corruption Laws and Sanctions 4552 Section 4.2067 SECTION 3.19. Collateral Documents 4552 Use of Proceeds 67 SECTION 3.20. EEA Financial Institutions 68 ARTICLE IV Conditions 68 SECTION 4.01. Effective Date 68 SECTION 4.02. Each Credit Event 70 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 71 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 71 SECTION 5.02. Notices 4755 Section of Material Events 72 SECTION 5.03. Existence; Conduct of Business 4855 Section 73 SECTION 5.04. Payment of Taxes 73 SECTION 5.05. Maintenance of Properties; Insurance 73 SECTION 5.06. Books and Records; Inspection Rights 74 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 74 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 566574
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12. 7154 SECTION 2.20 Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint 7456 SECTION 2.21 Expansion Option 7557 SECTION 2.22 Defaulting Lenders 7759 SECTION 2.23 Acknowledgement and Several Liability 46 Consent to Bail-In of EEAAffected Financial Institutions 8061 SECTION 2.24 Renewal Options 62 ARTICLE III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. 8063 SECTION 3.01 Organization 8063 SECTION 3.02 Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes8063 SECTION 3.03 Necessary Action 8163 SECTION 3.04 Due Authorization, Etc. 4350 Section 4.12. 8163 SECTION 3.05 Compliance with Law 8164 SECTION 3.06 No Litigation 8164 Cleco CorporationCorporate Holdings LLC Credit Agreement SECTION 3.07 Title 81 SECTION 3.083.07 Governmental Approvals 8164 SECTION 3.093.08 Financial Condition 8264 SECTION 3.10 Capitalization 82 SECTION 3.11 Subsidiaries 82 SECTION 3.12 Taxes 82 SECTION 3.13 No Default 83 SECTION 3.14 ERISA 4450 Section 4.13. 83 SECTION 3.153.09 No Violation 8365 SECTION 3.163.10 Not Investment Company Axx 0000 Section 4.14. Federal Reserve 8365 SECTION 3.173.11 Accuracy of Disclosures 8365 SECTION 3.183.12 Margin Regulations 4451 Section 4.15. 8365 SECTION 3.19 Labor Relations 84 SECTION 3.203.13 Environmental Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with 8465 SECTION 3.213.14 Anti-Terrorism Laws 4552 Section 4.19. and; Sanctions 85; Anti-Corruption Laws and Sanctions 4552 Section 4.20. Collateral Documents 4552 Laws67 SECTION 3.22 Immunity 85 SECTION 3.23 Pari Passu Rankings 85 SECTION 3.24 Solvency 85 SECTION 3.25 Use of Proceeds 86 ARTICLE IV CONDITIONS 8667 SECTION 4.01 Effective Date 86Reserved67 SECTION 4.02 Each Subsequent Credit Event 8967 ARTICLE V AFFIRMATIVE COVENANTS 53 Section 5.01. 9068 SECTION 5.01 Use of Proceeds 9068 SECTION 5.02 Financial Statements and Reports 4653 Section 5.02. 9068 SECTION 5.03 Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section 5.04. Material Events 9169 SECTION 5.04 Inspection of Property 9370 SECTION 5.05 Maintenance of Properties 9371 SECTION 5.06 Governmental Approvals 94 SECTION 5.075.06 Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. 9471 SECTION 5.085.07 Maintenance of Legal Status 9471 SECTION 5.095.08 Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 9472 SECTION 5.105.09 Taxes 9472 SECTION 5.11 Auditors 94 SECTION 5.125.10 Financial Covenant 9472 SECTION 5.13 Debt Rating 95 SECTION 5.14 Merger 95 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 56659672
Appears in 1 contract
Samples: Credit Agreement (Cleco Power LLC)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1242 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 45 SECTION 2.20. Expansion Option 45 SECTION 2.21. Judgment Currency 47 SECTION 2.22. Defaulting Lenders 47 SECTION 2.23. Designation of Subsidiary Borrowers 48 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 49 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 49 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 49 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0450 SECTION 3.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Section 4.08Material Adverse Change 50 SECTION 3.05. Ownership Properties 50 SECTION 3.06. Litigation, Environmental and Labor Matters 50 Table of Property 4349 Section 4.09Contents (continued) Page SECTION 3.07. Environmental Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Agreements 51 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 51 SECTION 3.09. Taxes 51 SECTION 3.10. ERISA 51 SECTION 3.11. Disclosure 51 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1552 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 52 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 52 SECTION 3.15. Disclosure 4552 Section 4.18No Burdensome Restrictions 52 SECTION 3.16. Compliance with Laws 4552 Section 4.19Solvency 52 SECTION 3.17. Anti-Corruption Laws and Sanctions 4552 Section 4.20Insurance 52 SECTION 3.18. Security Interest in Collateral Documents 4552 52 ARTICLE IV Conditions 52 SECTION 4.01. Effective Date 52 SECTION 4.02. Each Credit Event 54 SECTION 4.03. Designation of a Subsidiary Borrower 54 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 55 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 55 SECTION 5.02. Notices 4755 Section of Material Events 56 SECTION 5.03. Existence; Conduct of Business 4855 Section 57 SECTION 5.04. Payment of Obligations 57 SECTION 5.05. Maintenance of Properties; Insurance 57 SECTION 5.06. Books and Records; Inspection Rights 58 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 58 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 58 SECTION 5.09. Performance of ObligationsSubsidiary Guarantors; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Pledges; Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 Collateral; Further Assurances 58 ARTICLE VI NEGATIVE COVENANTS 59 Section Negative Covenants 60 SECTION 6.01. Liens, etc. 5160 Section Indebtedness 60 SECTION 6.02. Indebtedness 5260 Section Liens 61 SECTION 6.03. Fundamental Changes 5361 Section and Asset Sales 62 SECTION 6.04. Investments 5362 Section Investments, Loans, Advances, Guarantees and Acquisitions 63 SECTION 6.05. Asset Sale 5362 Section Swap Agreements 64 SECTION 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.1264 SECTION 6.07. Accounting ChangesRestricted Payments 64 SECTION 6.08. Restrictive Agreements 64 SECTION 6.09. Subordinated Indebtedness and Amendments to Subordinated Indebtedness Documents 65 SECTION 6.10. Sale and Leaseback Transactions 66 Table of Contents (continued) Page SECTION 6.11. Financial Covenants 66 ARTICLE VII Events of Default 66 ARTICLE VIII The Administrative Agent 69 ARTICLE IX Miscellaneous 72 SECTION 9.01. Notices 72 SECTION 9.02. Waivers; Fiscal Year 5564 Section 6.13Amendments 73 SECTION 9.03. Bank Accounts 5564 Section 6.14Expenses; Indemnity; Damage Waiver 75 SECTION 9.04. ERISA 5564 Section 6.15Successors and Assigns 76 SECTION 9.05. Hazardous Materials 5564 Section 6.16Survival 79 SECTION 9.06. Modification or Counterparts; Integration; Effectiveness 79 SECTION 9.07. Severability 80 SECTION 9.08. Right of Setoff 80 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 80 SECTION 9.10. WAIVER OF JURY TRIAL 80 SECTION 9.11. Headings 81 SECTION 9.12. Confidentiality 81 SECTION 9.13. USA PATRIOT Act 81 SECTION 9.14. Release of Subsidiary Guarantors 81 SECTION 9.15. Appointment for Perfection 82 ARTICLE X Cross Guarantee 82 Table of Contents (continued) Page SCHEDULES: Schedule 1.01 – Specified Real Property Schedule 2.01 – Commitments Schedule 2.02 – Mandatory Cost Schedule 2.06 – Existing Letters of Credit Schedule 3.01 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Opinion of Loan Parties’ Counsel Exhibit C – Form of Increasing Lender Supplement Exhibit D – Form of Augmenting Lender Supplement Exhibit E – List of Closing Documents Exhibit F-1 – Form of Borrowing Subsidiary Agreement Exhibit F-2 – Form of Borrowing Subsidiary Termination CREDIT AGREEMENT (this “Agreement”) dated as of Material Agreements 5565 Section 6.17July 15, 2010 among ZEP INC., THE SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Syndication Agent and REGIONS BANK, as Documentation Agent. Maximum Leverage Ratio 5665The parties hereto agree as follows:
Appears in 1 contract
Samples: Credit Agreement (Zep Inc.)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 7980 Section 2.11. Taxes 3642 Section 2.12. 2.16 Mitigation Obligations; Replacement of Lenders 4046 81 Section 2.13 Borrower Representative; Joint 2.17 Incremental Credit Extensions 8182 Section 2.18 Judgment Currency 8485 Section 2.19 Extensions of Loans and Several Liability 46 Commitments 85 Section 2.20 Loan Repurchases 8788 Section 2.21 Refinancing Amendment 89 Section 2.22 Illegality 90 Section 2.23 Defaulting Lenders 9091 ARTICLE III CONDITIONS TO THE LOANS 47 Representations and Warranties 91 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power3.01 Organization; Powers; Subsidiaries 4147 91 Section 4.02. Authority and 3.02 Authorization; Enforceability 4148 9192 Section 4.03. Government 3.03 Governmental Approvals; No Conflicts 4148 9192 Section 4.04. 3.04 Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Material Adverse Change 92 Section 4.08. Ownership of Property 4349 3.05 Properties 9293 Section 4.09. 3.06 Litigation, Environmental and Labor Matters 93 Section 3.07 Compliance with Laws 4350 and Agreements 9394 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. 3.08 Investment Company Axx 0000 Status 94 Section 4.14. 3.09 Taxes 94 Section 3.10 ERISA 94 Section 3.11 Disclosure 95 Table of Contents (continued) Page Section 3.12 Federal Reserve Regulations 4451 9596 Section 4.15. Labor Matters 4451 3.13 Liens 9596 Section 4.16. Intellectual Property 4451 3.14 Security Interest in Collateral 9596 Section 4.17. Disclosure 4552 3.15 Solvency 96 Section 4.18. 3.16 Compliance with Laws 4552 Section 4.19. Anti-Corruption Laws and Sanctions 4552 9697 Section 4.203.17 No Irish Financial Assistance 97 Section 3.18 Luxembourg Matters 97 Section 3.19 Regulatory Matters 9798 Section 3.20 PATRIOT Act, etc. Collateral Documents 4552 100 ARTICLE IV Conditions 1001 Section 4.01 Conditions Precedent to the Closing Date 1001 Section 4.02 Each Borrowing after the Closing Date 106 ARTICLE V AFFIRMATIVE COVENANTS 53 Affirmative Covenants 107 Section 5.01. 5.01 Financial Statements and Reports 4653 Other Information 107 Section 5.02. 5.02 Notices 4755 of Material Events 109 Section 5.03. 5.03 Existence; Conduct of Business 4855 109110 Section 5.04. 5.04 Tax Status; Payment of Obligations 110 Section 5.05 Maintenance of Properties; Insurance 110 Section 5.06 Books and Records; Inspection Rights 110 Section 5.07 Compliance with Laws 4856 and Material Contractual Obligations 1101 Section 5.05. 5.08 Use of Proceeds 4856 111 Section 5.06. Payment of Obligations 4856 5.09 Subsidiary Guarantors; Pledges; Additional Collateral; Further Assurances 111 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. 5.10 Designation of Subsidiaries 5159 113 Section 5.14. Assistance with Syndication 5159 5.11 Maintenance of Ratings 1134 Section 5.12 Post-Closing Schedule 114 ARTICLE VI NEGATIVE COVENANTS 59 Negative Covenants 114 Section 6.01. Liens6.01 Indebtedness 114 Section 6.02 Liens 118 Section 6.03 Asset Sales 118 Section 6.04 Restricted Payments, etc. 5160 Investments, Loans, Advances, Guarantees and Acquisitions 119 Section 6.02. Indebtedness 5260 6.05 Swap Agreements 123 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. 6.06 Transactions with Affiliates 5464 123 Section 6.12. 6.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 126 Section 6.08 Amendments to Subordinated Indebtedness 128 Section 6.09 Sale and Leaseback Transactions 128 Section 6.10 [Reserved] 128 Section 6.11 Merger, Consolidation or Sale of Assets 128 Section 6.12 Limitation on Accounting ChangesChanges 130129 Section 6.13 Fiscal Periods 130129 Section 6.14 Anti-Terrorism and Anti-Money Laundering 130129 Table of Contents (continued) Page ARTICLE VII Events of Default 130 ARTICLE VIII The Agents 1332 ARTICLE IX Miscellaneous 136 Section 9.01 Notices 136 Section 9.02 Waivers; Fiscal Year 5564 Amendments 1387 Section 6.13. Bank Accounts 5564 9.03 Expenses; Indemnity; Damage Waiver 140139 Section 6.14. ERISA 5564 9.04 Successors and Assigns 141 Section 6.15. Hazardous Materials 5564 9.05 Survival 145 Section 6.16. Modification or Termination 9.06 Counterparts; Integration; Effectiveness 1465 Section 9.07 Severability 1465 Section 9.08 Right of Setoff 146 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process; Foreign Process Agent 146 Section 9.10 WAIVER OF JURY TRIAL 147 Section 9.11 Headings 1487 Section 9.12 Confidentiality 1487 Section 9.13 Release of Liens and Guarantees 148 Section 9.14 USA PATRIOT Act 149 Section 9.15 Appointment for Perfection 150149 Section 9.16 No Fiduciary Relationship 150149 Section 9.17 Interest Rate Limitation 150 Section 9.18 Acknowledgement and Consent to Bail-In of EEA Financial Institutions 150 ARTICLE X The Guaranty 1510 Section 10.01 The Guarantee 1510 Section 10.02 Obligations Unconditional 151 Section 10.03 Reinstatement 1532 Section 10.04 Certain Additional Waivers 153 Section 10.05 Remedies 153 Section 10.06 Rights of Contribution 153 Section 10.07 Guaranty of Payment; Continuing Guarantee 153 Section 10.08 Guarantee Limitations 153 Section 10.09 Keepwell 154 Section 10.10 Limitation on Guarantees by Excluded Subsidiaries 154 SCHEDULES: Table of Contents (continued) Schedule 1.01A – Agreed Security Principles Schedule 1.01B – Existing Investments Schedule 1.01C – Existing Liens Schedule 1.01D – Post-Closing Schedule Schedule 1.01E – Foreign Security Documents Schedule 1.01F – Subsidiary Guarantors Schedule 2.01 – Term Loan Commitments Schedule 3.01 – Subsidiaries Schedule 3.03 – Certain Existing Indebtedness Schedule 3.05 – Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Intellectual Property Litigation Schedule 3.06 – Material Litigation Schedule 3.07 – Compliance with Laws Schedule 3.10 – Prohibited Transactions Schedule 3.13 – Existing Liens to be Released at Closing Schedule 3.20 – Acquisition Documents Schedule 6.01 – Existing Indebtedness Schedule 6.07 – Existing Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Auction Procedures Exhibit C – Form of Solvency Certificate Exhibit D – Form of Joinder Agreement Exhibit E – [Reserved] Exhibit F – Form of U.S. Security Agreement Exhibit G-1 – Form of U.S. Tax Compliance Certificate Exhibit G-2 – Form of U.S. Tax Compliance Certificate Exhibit G-3 – Form of U.S. Tax Compliance Certificate Exhibit G-4 – Form of U.S. Tax Compliance Certificate Exhibit H – Form of Irish Qualifying Lender Confirmation
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1244 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 45 SECTION 2.20. Expansion Option 46 SECTION 2.21. Defaulting Lenders 47 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 49 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 49 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 49 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0449 SECTION 3.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Section 4.08Material Adverse Change 50 SECTION 3.05. Ownership Properties 50 OC\2116458.1 Table of Property 4349 Section 4.09Contents (continued) Page SECTION 3.06. Litigation, Environmental and Labor Matters 50 SECTION 3.07. Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Agreements 51 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 51 SECTION 3.09. Taxes 51 SECTION 3.10. ERISA 51 SECTION 3.11. Disclosure 51 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1551 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 51 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 51 SECTION 3.15. Disclosure 4552 Section 4.18No Burdensome Restrictions 52 SECTION 3.16. Compliance with Laws 4552 Section 4.19Solvency 52 SECTION 3.17. Insurance 52 SECTION 3.18. Security Interest in Collateral 52 SECTION 3.19. Anti-Corruption Laws and Sanctions 4552 Section 4.2052 SECTION 3.20. Collateral Documents 4552 Use of Proceeds 52 ARTICLE IV Conditions 53 SECTION 4.01. Effective Date 53 SECTION 4.02. Each Credit Event 56 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 57 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 57 SECTION 5.02. Notices 4755 Section of Material Events 58 SECTION 5.03. Existence; Conduct of Business 4855 Section 58 SECTION 5.04. Payment of Obligations 58 SECTION 5.05. Maintenance of Properties; Insurance 59 SECTION 5.06. Books and Records; Inspection Rights 59 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 59 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 60 SECTION 5.09. Performance of ObligationsSubsidiary Guarantors; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Pledges; Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section Collateral; Further Assurances 60 SECTION 6.01. Liens, etc. 5160 Section Indebtedness 61 SECTION 6.02. Indebtedness 5260 Section Liens 62 SECTION 6.03. Fundamental Changes 5361 Section and Asset Sales 63 SECTION 6.04. Investments 5362 Section Investments, Loans, Advances, Guarantees and Acquisitions 65 SECTION 6.05. Asset Sale 5362 Section Swap Agreements 66 SECTION 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.1266 SECTION 6.07. Accounting ChangesRestricted Payments 67 SECTION 6.08. Restrictive Agreements 67 OC\2116458.1 Table of Contents (continued) Page SECTION 6.09. Subordinated Indebtedness and Amendments to Subordinated Indebtedness Documents and HealthFusion Merger Agreement 67 SECTION 6.10. Sale and Leaseback Transactions 69 SECTION 6.11. Financial Covenants 69 ARTICLE VII Events of Default 69 ARTICLE VIII The Administrative Agent 71 ARTICLE IX Miscellaneous 75 SECTION 9.01. Notices 75 SECTION 9.02. Waivers; Fiscal Year 5564 Section 6.13Amendments 77 SECTION 9.03. Bank Accounts 5564 Section 6.14Expenses; Indemnity; Damage Waiver 79 SECTION 9.04. ERISA 5564 Section 6.15Successors and Assigns 80 SECTION 9.05. Hazardous Materials 5564 Section 6.16Survival 84 SECTION 9.06. Modification Counterparts; Integration; Effectiveness; Electronic Execution 84 SECTION 9.07. Severability 85 SECTION 9.08. Right of Setoff 85 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 85 SECTION 9.10. WAIVER OF JURY TRIAL; Reference Proceeding 85 SECTION 9.11. Headings 87 SECTION 9.12. Confidentiality 87 SECTION 9.13. USA PATRIOT Act 88 SECTION 9.14. Appointment for Perfection 88 SECTION 9.15. Releases of Subsidiary Guarantors 88 SECTION 9.16. Interest Rate Limitation 89 SECTION 9.17 No Advisory or Termination Fiduciary Responsibility 89 ARTICLE X Borrower Guarantee 89 OC\2116458.1 Table of Material Agreements 5565 Section 6.17Contents (continued) SCHEDULES: Schedule 2.01 – Commitments Schedule 2.02 – Letter of Credit Commitments Schedule 3.01 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Existing Investments EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Solvency Certificate Exhibit C – Form of Increasing Lender Supplement Exhibit D – Form of Augmenting Lender Supplement Exhibit E-1 – Form of U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) Exhibit E-2 – Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) Exhibit E-3 – Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) Exhibit E-4 – Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) Exhibit F-1 – Form of Borrowing Request Exhibit F-2 – Form of Interest Election Request OC\2116458.1 CREDIT AGREEMENT (this “Agreement”) dated as of January 4, 2016 among QUALITY SYSTEMS, INC., a California corporation, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, U.S. BANK NATIONAL ASSOCIATION, as Syndication Agent, and BANK OF THE WEST, KEYBANK NATIONAL ASSOCIATION and XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Co-Documentation Agents. Maximum Leverage Ratio 5665The parties hereto agree as follows:
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 101105 Section 2.11. Taxes 3642 Section 2.12. 2.19 Mitigation Obligations; Replacement of Lenders 4046 103107 Section 2.13 Borrower Representative; Joint 2.20 Incremental Credit Extensions 104108 Section 2.21 Judgment Currency 107111 Section 2.22 Extensions of Loans and Several Liability 46 Commitments 108112 Section 2.23 Loan Repurchases 111115 Section 2.24 Refinancing Amendment 112116 Table of Contents (continued) Page Section 2.25 Illegality 113117 Section 2.26 Defaulting Lenders 114118 ARTICLE III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 116120 Section 4.01. Existence and Power3.01 Organization; Powers; Subsidiaries 4147 116120 Section 4.02. Authority and 3.02 Authorization; Enforceability 4148 116120 Section 4.03. Government 3.03 Governmental Approvals; No Conflicts 4148 117121 Section 4.04. 3.04 Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Material Adverse Change 117121 Section 4.08. Ownership of Property 4349 3.05 Properties 117121 Section 4.09. 3.06 Litigation, Environmental and Labor Matters 118122 Section 3.07 Compliance with Laws 4350 and Agreements 119122 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. 3.08 Investment Company Axx 0000 Status 119123 Section 4.14. 3.09 Taxes 119123 Section 3.10 ERISA 119123 Section 3.11 Disclosure 120124 Section 3.12 Federal Reserve Regulations 4451 120124 Section 4.15. Labor Matters 4451 3.13 Liens 120124 Section 4.16. Intellectual Property 4451 3.14 Security Interest in Collateral 120124 Section 4.17. Disclosure 4552 3.15 Solvency 121125 Section 4.18. 3.16 Compliance with Laws 4552 Section 4.19. Anti-Corruption Laws and Sanctions 4552 121125 Section 4.20. Collateral Documents 4552 3.17 No Irish Financial Assistance 122126 Section 3.18 Luxembourg Matters 122126 Section 3.19 Regulatory Matters 123127 Section 3.20 PATRIOT Act, etc 125129 ARTICLE IV CONDITIONS 125129 Section 4.01 Conditions Precedent to the Closing Date 125129 Section 4.02 Each Credit Event after the Closing Date 131135 ARTICLE V AFFIRMATIVE COVENANTS 53 131136 Section 5.01. 5.01 Financial Statements and Reports 4653 Other Information 131136 Section 5.02. 5.02 Notices 4755 of Material Events 134138 Section 5.03. 5.03 Existence; Conduct of Business 4855 134139 Section 5.04. Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. 5.04 Tax Status; Payment of Obligations 4856 135139 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. 5.05 Maintenance of Properties; Insurance 4957 135139 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral 5.06 Books and Guaranties 5058 Section 5.13. Designation Records; Inspection Rights 135139 Table of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Contents (continued) Page
Appears in 1 contract
Samples: Credit Agreement (Horizon Therapeutics Public LTD Co)
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1245 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 47 SECTION 2.20. Expansion Option 47 SECTION 2.21. Judgment Currency 48 SECTION 2.22. Defaulting Lenders 49 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 50 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 50 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government ApprovalsAuthorization; No Conflicts 4148 Section 4.0451 SECTION 3.03. Governmental Approvals 51 SECTION 3.04. Enforceability 51 SECTION 3.05. Financial StatementsCondition; Projections 4248 Section 4.05. Solvency 4249 Section 4.06No Material Adverse Change 51 SECTION 3.06. Litigation 4249 Section 4.0751 SECTION 3.07. Material Compliance with Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.0952 SECTION 3.08. Environmental Laws 4350 Section 4.10Matters 52 SECTION 3.09. Insurance 4350 Section 4.1152 SECTION 3.10. Taxes, Etc. 4350 Section 4.12Taxes 52 Table of Contents (continued) Page SECTION 3.11. ERISA 4450 Section 4.13. Investment Company Axx 0000 Section 4.1452 SECTION 3.12. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17Regulations; Investment Company Status 53 SECTION 3.13. Disclosure 4552 Section 4.1853 SECTION 3.14. Compliance with Laws 4552 Section 4.1953 SECTION 3.15. Anti-Corruption Laws and Sanctions 4552 Section 4.2054 ARTICLE IV Conditions 54 SECTION 4.01. Collateral Documents 4552 Effective Date 54 SECTION 4.02. Each Credit Event 55 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 55 SECTION 5.01. Financial Statements and Reports 4653 Section 55 SECTION 5.02. Notices 4755 Section Certificates; Other Information 56 SECTION 5.03. Notices 57 SECTION 5.04. Payment of Obligations 57 SECTION 5.05. Preservation of Existence; Conduct , Etc 57 SECTION 5.06. Maintenance of Business 4855 Section 5.04Insurance 57 SECTION 5.07. Compliance with Laws 4856 Section 5.0558 SECTION 5.08. Books and Records 58 SECTION 5.09. Inspection Rights 58 SECTION 5.10. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 58 SECTION 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 Covenant to Guarantee Obligations 58 ARTICLE VI NEGATIVE COVENANTS Negative Covenants 59 Section SECTION 6.01. Liens, etc. 5160 Section Liens 59 SECTION 6.02. Acquisitions 60 SECTION 6.03. Indebtedness 5260 Section 6.0360 SECTION 6.04. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 61 SECTION 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.0762 SECTION 6.06. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Change in Nature of Activities 5463 Section 6.11Business 62 SECTION 6.07. Transactions with Affiliates 5464 Section 6.1262 SECTION 6.08. Accounting ChangesBurdensome Agreements 63 SECTION 6.09. Use of Proceeds 63 SECTION 6.10. Financial Covenants 63 ARTICLE VII Events of Default 64 ARTICLE VIII The Administrative Agent 66 ARTICLE IX Miscellaneous 68 SECTION 9.01. Notices 68 SECTION 9.02. Waivers; Fiscal Year 5564 Section 6.13Amendments 69 SECTION 9.03. Bank Accounts 5564 Section 6.14Expenses; Indemnity; Damage Waiver 71 SECTION 9.04. ERISA 5564 Section 6.15Successors and Assigns 72 SECTION 9.05. Hazardous Materials 5564 Section 6.16Survival 76 SECTION 9.06. Modification Counterparts; Integration; Effectiveness; Electronic Execution 76 Table of Contents (continued) Page SECTION 9.07. Severability 76 SECTION 9.08. Right of Setoff 76 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 77 SECTION 9.10. WAIVER OF JURY TRIAL 77 SECTION 9.11. Headings 77 SECTION 9.12. Confidentiality 78 SECTION 9.13. USA PATRIOT Act 78 SECTION 9.14. Releases of Subsidiary Guarantors 79 SECTION 9.15. Interest Rate Limitation 79 SECTION 9.16. No Advisory or Termination Fiduciary Responsibility 80 Table of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Contents (continued) Page SCHEDULES: Schedule 2.01 – Commitments Schedule 2.06 – Existing Letters of Credit Schedule 3.06 – Disclosed Litigation Schedule 6.01 – Existing Liens Schedule 6.03 – Existing Indebtedness EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Opinion of Loan Parties’ Counsel Exhibit C – Form of Increasing Lender Supplement Exhibit D – Form of Augmenting Lender Supplement Exhibit E – List of Closing Documents Exhibit F-1 – Form of U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) Exhibit F-2 – Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) Exhibit F-3 – Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) Exhibit F-4 – Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) Exhibit G – Form of Compliance Certificate Exhibit H-1 – Form of Borrowing Request Exhibit H-2 – Form of Interest Election Request Exhibit I-1 – Form of Revolving Loan Note Exhibit I-2 – Form of Term Loan Note Exhibit J – Form of Subsidiary Guaranty AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of May 1, 2015 among HILL-ROM HOLDINGS, INC., the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, CITIZENS BANK, N.A., BANK OF AMERICA, N.A. and PNC BANK, NATIONAL ASSOCIATION, as Co-Syndication Agents and FIFTH THIRD BANK, CITIBANK, N.A. and XXXXX FARGO BANK, NATIONAL ASSOCIATION as Co-Documentation Agents.
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.1251 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 53 SECTION 2.20. Incremental Facilities 54 SECTION 2.21. Defaulting Lenders 57 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 58 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers; Subsidiaries 58 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 59 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.0459 SECTION 3.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material AgreementsCondition; No Default 4349 Section 4.08Material Adverse Change 59 SECTION 3.05. Ownership of Property 4349 Section 4.09Properties 60 SECTION 3.06. Litigation, Environmental and Labor Matters 60 SECTION 3.07. Compliance with Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13and Agreements 60 SECTION 3.08. Investment Company Axx 0000 Section 4.14Status 61 SECTION 3.09. Taxes 61 SECTION 3.10. ERISA 61 SECTION 3.11. Disclosure 61 Table of Contents (continued) Page SECTION 3.12. Federal Reserve Regulations 4451 Section 4.1561 SECTION 3.13. Labor Matters 4451 Section 4.16Liens 61 SECTION 3.14. Intellectual Property 4451 Section 4.17No Default 61 SECTION 3.15. Disclosure 4552 Section 4.18No Burdensome Restrictions 61 SECTION 3.16. Compliance with Laws 4552 Section 4.19Solvency 61 SECTION 3.17. Insurance 62 SECTION 3.18. Security Interest in Collateral 62 SECTION 3.19. Anti-Corruption Laws and Sanctions 4552 Section 4.2062 SECTION 3.20. Collateral Documents 4552 EEA Financial Institutions 62 ARTICLE IV Conditions 63 SECTION 4.01. Effective Date 63 SECTION 4.02. Each Credit Event 63 ARTICLE V AFFIRMATIVE COVENANTS 53 Section Affirmative Covenants 64 SECTION 5.01. Financial Statements and Reports 4653 Section Other Information 64 SECTION 5.02. Notices 4755 Section of Material Events 65 SECTION 5.03. Existence; Conduct of Business 4855 Section 66 SECTION 5.04. Payment of Obligations 66 SECTION 5.05. Maintenance of Properties; Insurance 66 SECTION 5.06. Books and Records; Inspection Rights 67 SECTION 5.07. Compliance with Laws 4856 Section 5.05and Material Contractual Obligations 67 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 67 SECTION 5.09. Performance of ObligationsSubsidiary Guarantors; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Pledges; Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting ChangesCollateral; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Further Assurances 68
Appears in 1 contract
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12274 SECTION 2.20. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 276 SECTION 2.21. Designation of Subsidiary Borrowers 277 ARTICLE III CONDITIONS TO THE LOANS 47 Section Representations and Warranties 278 SECTION 3.01. Conditions Precedent to Making the Loans 4047 Section Organization; Powers 278 SECTION 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01Authorization; Enforceability 278 SECTION 3.03. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Governmental Approvals; No Conflicts 4148 Section 4.04279 SECTION 3.04. Financial Condition; No Material Adverse Change 279 SECTION 3.05. Properties; Insurance 279 SECTION 3.06. Litigation and Environmental Matters 280 SECTION 3.07. Compliance with Laws and Agreements 280 SECTION 3.08. Investment Company Status 280 TABLE OF CONTENTS Page SECTION 3.09. Taxes 280 SECTION 3.10. ERISA 280 SECTION 3.11. Subsidiaries; Ownership of Capital Stock 280 SECTION 3.12. Disclosure 281 ARTICLE IV Conditions 281 SECTION 4.01. Effective Date 281 SECTION 4.02. Each Credit Event 283 SECTION 4.03. Amendment No. 1 Effective Date 83 ARTICLE V Affirmative Covenants 284 SECTION 5.01. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. Investment Company Axx 0000 Section 4.14. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with Laws 4552 Section 4.19. Anti-Corruption Laws Ratings Change and Sanctions 4552 Section 4.20. Collateral Documents 4552 ARTICLE V AFFIRMATIVE COVENANTS 53 Section 5.01. Financial Statements and Reports 4653 Section Other Information 284 SECTION 5.02. Notices 4755 Section of Material Events 286 SECTION 5.03. Existence; Conduct of Business 4855 Section 286 SECTION 5.04. Payment of Obligations 286 SECTION 5.05. Maintenance of Properties; Insurance 286 SECTION 5.06. Books and Records; Inspection Rights 287 SECTION 5.07. Compliance with Laws 4856 Section 5.05287 SECTION 5.08. Use of Proceeds 4856 Section 5.06. Payment and Letters of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section Credit 288 SECTION 5.09. Performance of Obligations; Enforcement of Rights 4957 Section Additional Subsidiary Guarantors 2 88 SECTION 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 Pledges; Collateral; Further Assurances 89 ARTICLE VI NEGATIVE COVENANTS 59 Section Negative Covenants 291 SECTION 6.01. Liens, etc. 5160 Section Subsidiary Indebtedness 291 SECTION 6.02. Indebtedness 5260 Section Liens 291 SECTION 6.03. Fundamental Changes 5361 Section 292 SECTION 6.04. Investments 5362 Section Acquisitions 293 SECTION 6.05. Asset Sale 5362 Section Sales 293 SECTION 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 294 SECTION 6.07. Financial Covenants 294 SECTION 6.08. YRCMI 294 SECTION 6.09. Restrictive Agreements 94 SECTION 6.10. Restricted Payments 95 SECTION 6.11. Guarantors Under other Indebtedness 95 SECTION 6.12. Accounting ChangesCollateral in Respect of First Tier Foreign Insurance Subsidiaries 95 TABLE OF CONTENTS Page ARTICLE VII Events of Default 295 ARTICLE VIII The Agents 298 ARTICLE IX Collection Allocation Mechanism SECTION 9.01. Implementation of CAM 2102 SECTION 9.02. Letters of Credit 2104 ARTICLE X Guarantee ARTICLE XI Miscellaneous SECTION 11.01. Notices 2107 SECTION 11.02. Waivers; Fiscal Year 5564 Section 6.13Amendments 2108 SECTION 11.03. Expenses; Indemnity; Damage Waiver 2110 SECTION 11.04. Successors and Assigns 2111 SECTION 11.05. Survival 2114 SECTION 11.06. Counterparts; Integration; Effectiveness 2115 SECTION 11.07. Severability 2115 SECTION 11.08. Right of Setoff 2115 SECTION 11.09. Governing Law; Jurisdiction; Consent to Service of Process 2116 SECTION 11.10. WAIVER OF JURY TRIAL 2116 SECTION 11.11. Headings 2117 SECTION 11.12. Confidentiality 2117 SECTION 11.13. Conversion of Currencies 2117 SECTION 11.14. USA Patriot Xxx 0000 SECTION 11.15. Appointment for Perfection; Release of Collateral 118 SCHEDULES: Schedule 1.01A — Initial Subsidiary Guarantors Schedule 1.01B — Mandatory Cost Formulae Schedule 2.01 — Lenders and Commitments Schedule 2.06 — Existing Letters of Credit Schedule 2.19 — Payment Instructions Schedule 3.11 — Subsidiaries Schedule 6.02 — Existing Liens EXHIBITS: Exhibit A — Form of Assignment and Assumption Exhibit B-1 — Form of Borrowing Subsidiary Agreement Exhibit B-2 — Form of Borrowing Subsidiary Termination Exhibit C — Form of Issuing Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination Agreement Exhibit D — Form of Material Agreements 5565 Section 6.17. Maximum Leverage Ratio 5665Subsidiary Guarantee Agreement Exhibit E — List of Closing Documents CREDIT AGREEMENT dated as of August 17, 2007 among YRC WORLDWIDE INC., a Delaware corporation (the “Company”), the CANADIAN BORROWERS (as defined below), the UK BORROWERS (as defined below), the LENDERS party hereto, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, TORONTO BRANCH, as Canadian Agent, X.X. XXXXXX EUROPE LIMITED, as UK Agent, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent.
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Samples: Credit Agreement (Yrc Worldwide Inc)
