Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20. Mitigation Obligations; Replacement of Lenders 77 SECTION 2.21. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 ARTICLE III REPRESENTATIONS AND WARRANTIES SECTION 3.01. Organization; Powers 83 SECTION 3.02. Authorization 83 SECTION 3.03. Enforceability 83 SECTION 3.04. Governmental Approvals 83 Page SECTION 3.05. Financial Statements 84 SECTION 3.06. No Material Adverse Effect 84 SECTION 3.07. Title to Properties; Possession Under Leases 84 SECTION 3.08. Subsidiaries 84 SECTION 3.09. Litigation; Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. Investment Company Act 85 SECTION 3.12. Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ARTICLE IX MISCELLANEOUS SECTION 9.01. Notices; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Successors and Assigns 131 SECTION 9.05. Expenses; Indemnity 135 SECTION 9.06. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.
Appears in 1 contract
Samples: Credit Agreement (EVERTEC, Inc.)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20Offs 37 Section 2.19. Mitigation ObligationsLender’s Obligation to Mitigate; Replacement of Lenders 77 SECTION 2.21. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 38 ARTICLE III 3 REPRESENTATIONS AND WARRANTIES SECTION 39 Section 3.01. Organization; Powers 83 SECTION 39 Section 3.02. Authorization 83 SECTION Authorization; Enforceability 39 Section 3.03. Enforceability 83 SECTION Governmental Approvals; No Conflicts 39 Section 3.04. Governmental Approvals 83 Page SECTION Financial Statements; No Material Adverse Change 40 Section 3.05. Insurance Licenses 41 Section 3.06. Borrower’s Subsidiaries 41 Section 3.07. Litigation 41 Section 3.08. Compliance with Laws and Agreements; Foreign Asset Control Regulations 42 Section 3.09. Investment Company Status 42 Section 3.10. Taxes 42 Section 3.11. Material Agreements and Liens 42 Section 3.12. Environmental Matters 43 Section 3.13. Capitalization 43 Section 3.14. No Reliance 43 Section 3.15. ERISA 43 Section 3.16. Regulation U 43 Section 3.17. Disclosure 44 Section 3.18. Solvency 44 Section 3.19. Anti-Terrorism Requirements 44 ARTICLE 4 CONDITIONS 45 Section 4.01. Effective Date 45 Section 4.02. Conditions to Initial Utilization and Each Subsequent Utilization 47 ARTICLE 5 AFFIRMATIVE COVENANTS 47 Section 5.01. Financial Statements 84 SECTION 3.06and Other Information 47 Section 5.02. No Notice of Material Adverse Effect 84 SECTION 3.07Events 48 Section 5.03. Title Material Insurance Subsidiary Reporting 49 Section 5.04. Existence; Conduct of Business 50 Section 5.05. Payment of Obligations 50 Section 5.06. [Reserved] 51 Section 5.07. Insurance 51 Section 5.08. NAIC Ratio 51 Section 5.09. Proper Records; Rights to Properties; Possession Under Leases 84 SECTION 3.08Inspect and Appraise 51 Section 5.10. Subsidiaries 84 SECTION 3.09. Litigation; Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. Investment Company Act 85 SECTION 3.1251 Section 5.11. Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 52 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 ARTICLE VI 6 NEGATIVE COVENANTS SECTION 52 Section 6.01. Indebtedness 100 SECTION Debt; Certain Equity Securities 52 Section 6.02. Liens 104 SECTION 53 Section 6.03. Sale and Lease-Back Transactions 108 SECTION Fundamental Changes 54 Section 6.04. Investments, Loans Loans, Advances, Guarantees and Advances 108 Page SECTION Acquisitions 55 Section 6.05. Mergers, Consolidations, Asset Sales of Assets 55 Section 6.06. Ceded Reinsurance 55 Section 6.07. Sale and Acquisitions 112 SECTION 6.06Leaseback Transactions 56 Section 6.08. Restricted Payments 114 SECTION 6.0756 Section 6.09. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 56 Section 6.10. Financial Performance Covenant 121 SECTION Restrictive Agreements 57 Section 6.11. [Reserved] 121 SECTION Ratio of Debt to Capital 57 Section 6.12. No Other “Designated Senior Debt” 121 SECTION Fixed Charge Coverage Ratio 57 Section 6.13. Changes in Fiscal Year 121 Consolidated Net Worth 57 Section 6.14. Amendment of Material Documents; Prepayments 57 Section 6.15. Lines of Business 58 ARTICLE VII 7 EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 59 ARTICLE VIII 8 THE AGENTS SECTION 61 Section 8.01. Appointment 124 SECTION and Authorization 61 Section 8.02. Delegation of Duties 124 SECTION Rights and Powers as a Lender 61 Section 8.03. Exculpatory Provisions 125 SECTION Limited Duties and Responsibilities 61 Section 8.04. Reliance by Agents 125 SECTION Authority to Rely on Certain Writings, Statements and Advice 62 Section 8.05. Notice of Default 126 SECTION Sub-Agents and Related Parties 62 Section 8.06. Non-Resignation; Successor Agent 62 Section 8.07. Credit Decisions by Lenders 63 Section 8.08. Agent’s Fees 63 Section 8.09 Syndication Agent, Documentation Agent, Etc. 63 Section 8.10 No Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ’s Customer Identification Program 63 ARTICLE IX 9 MISCELLANEOUS SECTION 64 Section 9.01. Notices; Communications 130 SECTION Notices 64 Section 9.02. Survival of Agreement 131 SECTION Waivers; Amendments 64 Section 9.03. Effectiveness 131 SECTION Expenses; Indemnity; Damage Waiver 66 Section 9.04. Successors and Assigns 131 SECTION 67 Section 9.05. ExpensesUSA Patriot Act 70 Section 9.06. Survival 70 Section 9.07. Counterparts; Indemnity 135 SECTION 9.06Integration; Effectiveness 70 Section 9.08. Severability 70 Section 9.09. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION Setoff 71 Section 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Governing Law; Jurisdiction; Consent to Service of Process 141 SECTION 9.1671 Section 9.11. WAIVER OF JURY TRIAL 71 Section 9.12. Headings 72 Section 9.13. Confidentiality 142 SECTION 9.1772 Section 9.14. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.Limitation 72
Appears in 1 contract
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.2039 Section 4.02. Presumption of Payment by the Borrower 40 Section 4.03. Certain Deductions by the Administrative Agent 41 Section 4.04. Disposition of Proceeds 41 Section 4.05. Defaulting Lenders 41 ARTICLE V INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY Section 5.01. Increased Costs 43 Section 5.02. Break Funding Payments 45 Section 5.03. Taxes 45 Section 5.04. Mitigation Obligations; Replacement of Lenders 77 SECTION 2.2147 Section 5.05. Illegality 78 SECTION 2.2248 ARTICLE VI CONDITIONS PRECEDENT Section 6.01. Incremental Commitments 78 SECTION 2.23Effective Date 48 Section 6.02. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 Each Credit Event 51 ARTICLE III VII REPRESENTATIONS AND WARRANTIES SECTION 3.01Section 7.01. Organization; Powers 83 SECTION 3.0252 Section 7.02. Authorization 83 SECTION 3.03Authority; Enforceability 52 Section 7.03. Enforceability 83 SECTION 3.04. Governmental Approvals 83 Page SECTION 3.05Approvals; No Conflicts 52 Section 7.04. Financial Statements 84 SECTION 3.06. Condition; No Material Adverse Effect 84 SECTION 3.07Change 53 Section 7.05. Title to Properties; Possession Under Leases 84 SECTION 3.08Litigation 53 Section 7.06. Subsidiaries 84 SECTION 3.09Environmental Matters 54 Section 7.07. Litigation; Compliance with the Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11and Agreements; No Defaults 55 Section 7.08. Investment Company Act 85 SECTION 3.1255 Section 7.09. Taxes 55 Section 7.10. ERISA 56 Section 7.11. Disclosure; No Material Misstatements 56 Section 7.12. Insurance 57 Section 7.13. Restriction on Liens 57 Section 7.14. Subsidiaries; Foreign Operations 57 Section 7.15. Location of Business and Offices 57 Section 7.16. Properties; Titles, Etc. 58 Section 7.17. Maintenance of Properties 58 Section 7.18. Gas Imbalances, Prepayments 59 Section 7.19. Marketing of Production 59 Section 7.20. Swap Agreements 59 Section 7.21. Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location Loans and Letters of Real Property and Leased Premises 88 SECTION 3.19Credit 60 Section 7.22. Solvency 88 SECTION 3.2060 Section 7.23. Labor Matters 88 SECTION 3.21Reorganization 60 Section 7.24. No Default 89 SECTION 3.22Foreign Corrupt Practices 60 Section 7.25. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.2660 Section 7.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 OFAC 61 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V VIII AFFIRMATIVE COVENANTS SECTION 5.01Section 8.01. Financial Statements; Other Information 61 Section 8.02. Notices of Material Events 64 Section 8.03. Existence; Businesses Conduct of Business 65 Section 8.04. Payment of Obligations 65 Section 8.05. Performance of Obligations under Loan Documents 65 Section 8.06. Operation and Maintenance of Properties 93 SECTION 5.0265 Section 8.07. Insurance 93 SECTION 5.0366 Section 8.08. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation Books and Other Notices 96 SECTION 5.06Records; Inspection Rights 66 Section 8.09. Compliance with Laws 96 SECTION 5.0766 Section 8.10. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10Matters 66 Section 8.11. Further AssurancesAssurances 68 Section 8.12. Reserve Reports 68 Section 8.13. Title Information 69 Section 8.14. Additional Collateral; Additional Security 97 SECTION 5.11Guarantors 69 Section 8.15. Rating 100 ERISA Compliance 70 Section 8.16. Swap Agreements 71 ARTICLE VI IX NEGATIVE COVENANTS SECTION 6.01Section 9.01. Indebtedness 100 SECTION 6.02Financial Covenants 71 Section 9.02. Debt 72 Section 9.03. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ARTICLE IX MISCELLANEOUS SECTION 9.01. Notices; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Successors and Assigns 131 SECTION 9.05. Expenses; Indemnity 135 SECTION 9.06. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.72
Appears in 1 contract
Samples: Credit Agreement (Dune Energy Inc)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.2088 Section 2.21. Mitigation Obligations; Replacement of Lenders 77 SECTION 2.21. Illegality 78 SECTION 90 Section 2.22. Incremental Commitments 78 SECTION Change in Law 91 Section 2.23. Refinancing Term Loans 80 SECTION Foreign Subsidiary Borrowers 91 Section 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 Defaulting Lenders 93 ARTICLE III REPRESENTATIONS AND WARRANTIES SECTION 3.0195 Section 3.1. Organization; Powers 83 SECTION 3.0295 Section 3.2. Authorization 83 SECTION 3.03. Authorization; Enforceability 83 SECTION 3.0496 Section 3.3. Governmental Approvals 83 Page SECTION 3.05Approvals; No Conflicts 96 Section 3.4. Financial Condition; No Material Adverse Change 96 Section 3.5. Properties 97 Section 3.6. Litigation and Environmental Matters 97 Section 3.7. Compliance with Laws and Agreements 97 Section 3.8. Investment Company Status 97 Section 3.9. Taxes 97 Section 3.10. ERISA 97 Section 3.11. Disclosure 98 Section 3.12. Subsidiaries 98 Section 3.13. Labor Matters 98 Section 3.14. Solvency 98 Section 3.15. Senior Indebtedness 99 Section 3.16. Security Documents 99 ARTICLE IV CONDITIONS 99 Section 4.1. Effective Date 99 Section 4.2. Each Credit Event 101 ARTICLE V AFFIRMATIVE COVENANTS 101 Section 5.1. Financial Statements 84 SECTION 3.06and Other Information 101 Section 5.2. No Notices of Material Adverse Effect 84 SECTION 3.07Events 103 Section 5.3. Title to PropertiesInformation Regarding Collateral 104 Section 5.4. Existence 104 Section 5.5. Payment of Obligations 104 Section 5.6. Maintenance of Properties 104 Section 5.7. Insurance 105 Section 5.8. Books and Records; Possession Under Leases 84 SECTION 3.08Inspection and Audit Rights 105 Section 5.9. Subsidiaries 84 SECTION 3.09. Litigation; Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. Investment Company Act 85 SECTION 3.12and Contractual Obligations 105 Section 5.10. Use of Proceeds 85 SECTION 3.13and Letters of Credit and Foreign Credit Instruments 105 Section 5.11. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10Additional Collateral 105 Section 5.12. Further Assurances; Additional Security 97 SECTION 5.11Assurances 108 Section 5.13. Rating 100 Post Closing Obligations 108 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01109 Section 6.1. Financial Condition Covenants 109 Section 6.2. Indebtedness 100 SECTION 6.02109 Section 6.3. Liens 104 SECTION 6.03112 Section 6.4. Fundamental Changes 114 Section 6.5. Investments, Loans, Advances, Guarantees and Acquisitions 114 Section 6.6. Disposition of Assets 116 Section 6.7. Sale and Lease-Back Leaseback Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06118 Section 6.8. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ARTICLE IX MISCELLANEOUS SECTION 9.01. Notices; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Successors and Assigns 131 SECTION 9.05. Expenses; Indemnity 135 SECTION 9.06. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.118
Appears in 1 contract
Samples: Credit Agreement (SPX Corp)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20. 115 Section 2.20 Mitigation Obligations; Replacement of Lenders 77 SECTION 2.21. Illegality 78 SECTION 2.22. 118 Section 2.21 Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 119 Section 2.22 Illegality 122 Section 2.23 Defaulting Lender 123 ARTICLE III REPRESENTATIONS AND WARRANTIES SECTION 3.01. Representations and Warranties 125 Section 3.01 Organization; Powers 83 SECTION 3.02. 125 Section 3.02 Authorization 83 SECTION 3.03. 125 Section 3.03 Enforceability 83 SECTION 3.04. 126 Section 3.04 Governmental Approvals 83 Page SECTION 3.05. 126 Section 3.05 Financial Statements 84 SECTION 3.06. 126 Section 3.06 No Material Adverse Change or Material Adverse Effect 84 SECTION 3.07. 127 Section 3.07 Title to Properties; Possession Under Leases 84 SECTION 3.08. 127 Section 3.08 Subsidiaries 84 SECTION 3.09. 128 Section 3.09 Litigation; Compliance with Laws 85 SECTION 3.10. 128 Section 3.10 Federal Reserve Regulations 85 SECTION 3.11. 129 Section 3.11 Investment Company Act 85 SECTION 3.12. 129 Section 3.12 Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. 129 Section 3.13 Tax Returns 129 Section 3.14 No Material Misstatements 86 SECTION 3.15. 130 Section 3.15 Employee Benefit Plans 86 SECTION 3.16. 130 Section 3.16 Environmental Matters 87 SECTION 3.17. 131 Section 3.17 Security Documents 87 SECTION 3.18. 132 Section 3.18 Location of Real Property and Leased Premises 88 SECTION 3.19. 134 Section 3.19 Solvency 88 SECTION 3.20. 134 Section 3.20 Labor Matters 88 SECTION 3.21. 134 Section 3.21 No Default 89 SECTION 3.22. 135 Section 3.22 Intellectual Property; Licenses, Etc. 89 SECTION 3.23. 135 Section 3.23 Insurance 135 Section 3.24 Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. 135 Section 3.25 Financial Assistance 135 Section 3.26 Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 Terrorism Laws 135 Section 3.27 Foreign Corrupt Practices Act 136 Section 3.28 Centre of Main Interest 136 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. Conditions of Lending 136 Section 4.01 All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. 136 Section 4.02 [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ARTICLE IX MISCELLANEOUS SECTION 9.01. Notices; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Successors and Assigns 131 SECTION 9.05. Expenses; Indemnity 135 SECTION 9.06. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.137
Appears in 1 contract
Samples: Amendment Agreement (Hexion Inc.)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20. Mitigation Obligations62 Section 4.02 Presumption of Payment by the Borrower 63 Section 4.03 Certain Deductions by the Administrative Agent 64 Section 4.04 Disposition of Proceeds 64 ARTICLE V Increased Costs; Break Funding Payments; Taxes 64 Section 5.01 Increased Costs 64 Section 5.02 Break Funding Payments 65 Section 5.03 Taxes 66 Section 5.04 Designation of Different Lending Office 70 Section 5.05 Replacement of Lenders 70 Section 5.06 Illegality 71 ARTICLE VI Conditions Precedent 71 Section 6.01 Effective Date 71 Section 6.02 Each Credit Event 76 Section 6.03 Additional Conditions to Credit Event 77 SECTION 2.21. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 ARTICLE III REPRESENTATIONS AND WARRANTIES SECTION 3.01. VII Representations and Warranties 77 Section 7.01 Organization; Powers 83 SECTION 3.02. Authorization 83 SECTION 3.03. 77 Section 7.02 Authority; Enforceability 83 SECTION 3.04. Governmental Approvals 83 Page SECTION 3.05. 77 Section 7.03 Approvals; No Conflicts 77 Section 7.04 Financial Statements 84 SECTION 3.06. Condition; No Material Adverse Effect 84 SECTION 3.07. Title to Change 78 Section 7.05 Litigation 78 Section 7.06 Environmental Matters 79 Section 7.07 Compliance with the Laws and Agreements; No Defaults 80 Section 7.08 Investment Company Act 80 Section 7.09 No Margin Stock Activities 80 Section 7.10 Taxes 80 Section 7.11 ERISA 81 Section 7.12 Disclosure; No Material Misstatements 82 Section 7.13 Insurance 82 Section 7.14 Restriction on Liens 82 Section 7.15 Subsidiaries 83 Section 7.16 Location of Business and Offices 83 Section 7.17 Properties; Possession Under Leases Titles, Etc. 84 SECTION 3.08. Section 7.18 Maintenance of Properties 85 Section 7.19 Gas Imbalances 86 Section 7.20 Marketing of Production 86 Section 7.21 Swap Agreements and Qualified ECP Guarantor 86 Section 7.22 Solvency 87 Section 7.23 Anti-Corruption Laws and Sanctions 87 Section 7.24 Broker-Dealer Subsidiaries 84 SECTION 3.09. Litigation87 ARTICLE VIII Affirmative Covenants 89 Section 8.01 Financial Statements; Other Information 89 Section 8.02 Notices of Material Events 93 Section 8.03 Existence; Conduct of Business 94 Section 8.04 Payment of Obligations 94 Section 8.05 Operation and Maintenance of Properties 94 Section 8.06 Insurance 95 Section 8.07 Books and Records; Inspection Rights 95 Section 8.08 Compliance with Laws 85 SECTION 3.10. Federal 95 Section 8.09 Environmental Matters 95 Section 8.10 Further Assurances 97 Section 8.11 Reserve Regulations 85 SECTION 3.11. Investment Company Act 85 SECTION 3.12. Reports 97 Section 8.12 Title Information 98 Section 8.13 Additional Collateral; Additional Guarantors 100 Section 8.14 ERISA Compliance 102 Section 8.15 Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory 102 Section 8.16 Swap Agreements for MGP Volumes 102 Section 8.17 Swap Agreements 103 Section 8.18 Commodity Exchange Act Keepwell Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. 103 Section 8.19 Tax Status 103 Section 8.20 Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 Tax Audits 104 Section 8.21 Asset Sales Strategy 104 ARTICLE IX MISCELLANEOUS SECTION 9.01. Notices; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Successors and Assigns 131 SECTION 9.05. Expenses; Indemnity 135 SECTION 9.06. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Negative Covenants 104 Section 9.01 Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Covenants 104 Section 9.02 Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) 105 Section 9.03 Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.107
Appears in 1 contract
Samples: Credit Agreement (Titan Energy, LLC)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20. Off 4951 Section 2.16 Mitigation Obligations; Replacement of Lenders 77 SECTION 2.215052 Section 2.17 Defaulting Lenders 5153 Section 2.18 Incremental Facility 5355 Section 2.19 Extension of the Maturity Date 5557 Section 2.20 Letters of Credit. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 5658 ARTICLE III 3 REPRESENTATIONS AND WARRANTIES SECTION 3.01. 6264 Section 3.01 Organization; Powers 83 SECTION 3.02. Authorization 83 SECTION 3.03. 6264 Section 3.02 Authorization; Enforceability 83 SECTION 3.04. 6264 Section 3.03 Governmental Approvals 83 Page SECTION 3.05. Approvals; No Conflicts 6264 Section 3.04 Financial Statements 84 SECTION 3.06. Condition; No Material Adverse Effect 84 SECTION 3.07. Title to Properties; Possession Under Leases 84 SECTION 3.08. Subsidiaries 84 SECTION 3.09. Litigation; Change 6365 Section 3.05 Properties 6365 Section 3.06 Litigation and Environmental Matters 6365 Section 3.07 Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. and Agreements; No Default 6466 Section 3.08 Investment Company Act 85 SECTION 3.12. Status 6466 Section 3.09 Margin Stock 6466 Section 3.10 Taxes 6466 Section 3.11 ERISA 6466 Section 3.12 Disclosure 6567 Section 3.13 Subsidiaries 6668 Section 3.14 Solvency 6668 Section 3.15 Anti-Terrorism Law 6668 Section 3.16 FCPA; Sanctions 6769 Section 3.17 Collateral Matters 6770 Section 3.18 Beneficial Ownership Certification 6870 ARTICLE 4 CONDITIONS 6870 Section 4.01 Effective Date 6870 Section 4.02 Each Credit Event 7072 ARTICLE 5 AFFIRMATIVE COVENANTS 7073 Section 5.01 Financial Statements; Ratings Change and Other Information 7073 Section 5.02 Notices of Material Events 7274 Section 5.03 Existence; Conduct of Business 7375 Section 5.04 Payment of Taxes and Other Claims 7375 Section 5.05 Maintenance of Properties; Insurance 7375 Section 5.06 Books and Records; Inspection Rights 7375 Section 5.07 ERISA-Related Information 7476 Section 5.08 Compliance with Laws and Agreements 7476 Section 5.09 Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property7476 Section 5.10 Additional Guarantors; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. AntiAdditional Collateral 7477 Section 5.11 Holdings 7678 Section 5.12 Post-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 Closing 7678 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE 6 NEGATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. 7679 Section 6.01 Indebtedness 7779 Section 6.02 Liens 7880 Section 6.03 Fundamental Changes 8082 Section 6.04 Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 8183 Section 6.05 Minimum Liquidity 8183 Section 6.06 Restricted Repayments 8183 Section 6.07 Junior Debt Prepayments 8284 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII 7 EVENTS OF DEFAULT SECTION 7.01. 8385 Section 7.01 Events of Default 121 SECTION 7.02. 8385 Section 7.02 Application of Funds 8587 ARTICLE 8 THE AGENTS 8688 Section 8.01 Appointment of the Administrative Agent 8688 Section 8.02 Powers and Duties 8789 Section 8.03 General Immunity 8789 Section 8.04 Administrative Agent Entitled to Act as Lender 8991 Section 8.05 Lenders’ Representations, Warranties and Acknowledgment 8991 Section 8.06 Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Indemnity 8992 Section 8.07 Successor Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents 9092 Section 8.08 Guaranty 9193 Section 8.09 Actions in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Concert 9194 Section 8.10 Withholding Taxes 9294 Section 8.11 Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. 9294 Section 8.12 Intercreditor Agreements 9395 Section 8.13 Secured Cash Management Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 Secured Hedge Agreements 9395 ARTICLE IX 9 MISCELLANEOUS SECTION 9.01. Notices9397 Section 9.01 Notices 9397 Section 9.02 Waivers; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Amendments 97101 Section 9.03 Expenses; Indemnity; Damage Waiver 99103 Section 9.04 Successors and Assigns 131 SECTION 9.05. Expenses101104 Section 9.05 Survival 105109 Section 9.06 Counterparts; Indemnity 135 SECTION 9.06. Integration; Effectiveness 106109 Section 9.07 Severability 106109 Section 9.08 Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. WaiversSetoff 106109 Section 9.09 Governing Law; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. 107110 Section 9.10 Waiver Of Jury Trial 107110 Section 9.11 Headings 108111 Section 9.12 Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. 108111 Section 9.13 Interest Rate Limitation 109112 Section 9.14 No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. 109113 Section 9.15 Electronic Execution of Assignments and Certain Other Documents 110113 Section 9.16 USA XXXXXXX Xxx 000000 Section 9.17 Release of Guarantors; Release of Collateral 110114 Section 9.18 Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 112115 Schedules Schedule 2.01 Lenders, Revolving Commitments and Letter of Credit Issuer Sublimit Schedules to the Disclosure Letter Schedule 3.11 Plans Schedule 3.13 Capitalization Schedule 6.01 Specified Indebtedness Schedule 6.02 Existing Liens Exhibits and Schedules Exhibit A Agreed Security Principles Form of Assignment and Assumption Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 C Form of Non-Debt Fund Affiliate Assignment and Acceptance Interest Election Request Exhibit F-2 D-1 Form of Debt Fund Affiliate Assignment Notice Revolving Note Exhibit D-2 [Reserved] Exhibit E-1 Form of Guaranty Exhibit E-2 Form of Holdings Guaranty Exhibit F Form of Compliance Certificate Exhibit G [Reserved] Exhibit H-1 Form of Guarantee Agreement U.S. Tax Compliance Certificate Exhibit H H-2 Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) U.S. Tax Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information Certificate Exhibit H-3 Form of U.S. Tax Compliance Certificate Exhibit H-4 Form of U.S. Tax Compliance Certificate REVOLVING CREDIT AGREEMENT dated as of April 17June 26, 20132015 among UBER TECHNOLOGIES, INC., as amended through November 4the Borrower, 2016 the LENDERS party hereto and XXXXXX XXXXXXX SENIOR FUNDING, INC., as the Administrative Agent. The Borrower (this “Agreement”such term and each other capitalized term used and not otherwise defined in these recitals having the meaning assigned to it in Article 1), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), has requested the Lenders party hereto to make Loans to the Borrower on a revolving credit basis on and after the date hereof and at any time and from time to time and JPMORGAN CHASE BANKprior to the Maturity Date. The proceeds of borrowings hereunder, N.A.together with the issuance of any letter of credit, as administrative agent and collateral agent are to be used for the Lenderspurposes described in Section 5.09. The Lenders are willing to establish the credit facility referred to in the preceding paragraph upon the terms and subject to the conditions set forth herein. Accordingly, Swingline Lender for valuable consideration of the mutual covenants and an L/C Issuer.agreements herein contained, the parties hereto covenant and agree as follows:
Appears in 1 contract
Samples: Revolving Credit Agreement (Uber Technologies, Inc)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20Section 2.18. Mitigation Obligations; Replacement of Lenders 77 SECTION 2.21Section 2.19. Illegality 78 SECTION 2.22. Incremental Increase in the Aggregate Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 47 ARTICLE III REPRESENTATIONS AND WARRANTIES SECTION 49 Section 3.01. Organization; Powers 83 SECTION Existence and Power Section 3.02. Authorization 83 SECTION Corporate and Governmental Authorization; No Contravention 49 Section 3.03. Enforceability 83 SECTION Binding Effect 49 Section 3.04. Governmental Approvals 83 Financial Information -i- TABLE OF CONTENTS (continued) Page SECTION Section 3.05. Financial Statements 84 SECTION Litigation 50 Section 3.06. No Material Adverse Effect 84 SECTION Compliance with ERISA 50 Section 3.07. Title to Properties; Possession Under Leases 84 SECTION Taxes 50 Section 3.08. Subsidiaries 84 SECTION Environmental Compliance 50 Section 3.09. Litigation; Properties 51 Section 3.10. Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION and Agreements 52 Section 3.11. Investment and Holding Company Act 85 SECTION Status 52 Section 3.12. Full Disclosure 52 Section 3.13. Security Interest 52 Section 3.14. Solvency 52 Section 3.15. Employee Matters Section 3.16. Subsidiaries Section 3.17. No Change in Credit Criteria or Collection Policies Section 3.18. Processors Section 3.19. Senior Notes Indentures; Debentures Indenture ARTICLE IV CONDITIONS 54 Section 4.01. Effective Date Section 4.02. Each Credit Event ARTICLE V AFFIRMATIVE COVENANTS Section 5.01. Information 56 Section 5.02. Maintenance of Property; Insurance 59 Section 5.03. Compliance with Laws Section 5.04. Inspection of Property, Books and Records 60 Section 5.05. Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.1660 Section 5.06. Environmental Matters 87 SECTION 3.1760 Section 5.07. Taxes 61 Section 5.08. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01Interests 61 Section 5.09. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05Conduct of Business 61 Section 5.10. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 61 Section 5.11. Rating 100 Additional Grantors and Guarantors 62 -ii- TABLE OF CONTENTS (continued) Page Section 5.12. Maintain Operating Accounts 62 Section 5.13. Processors 62 ARTICLE VI NEGATIVE COVENANTS SECTION 62 Section 6.01. Indebtedness 100 SECTION 62 Section 6.02. Liens 104 SECTION 64 Section 6.03. Sale and Lease-Back Transactions 108 SECTION Fundamental Changes Section 6.04. Investments, Loans Loans, Advances, Guarantees and Advances 108 Page SECTION Acquisitions Section 6.05. Mergers, Consolidations, Sales Prepayment or Modification of Assets and Acquisitions 112 SECTION Indebtedness; Modification of Operating Documents 66 Section 6.06. Restricted Payments 114 SECTION Section 6.07. Transactions with Affiliates 116 SECTION 67 Section 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION Restrictive Agreements Section 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 Fixed Charge Coverage ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 68 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ADMINISTRATIVE AGENT 71 ARTICLE IX MISCELLANEOUS SECTION 74 Section 9.01. Notices; Communications 130 SECTION Notices 74 Section 9.02. Survival of Agreement 131 SECTION Waivers; Amendments 75 Section 9.03. Effectiveness 131 SECTION Expenses; Indemnity; Damage Waiver 76 Section 9.04. Successors and Assigns 131 SECTION 77 Section 9.05. ExpensesSurvival 79 Section 9.06. Counterparts; Indemnity 135 SECTION 9.06Integration; Effectiveness 79 Section 9.07. Severability 80 Section 9.08. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION Setoff Section 9.09. Interest Rate Limitation 139 SECTION GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 80 Section 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 81 Section 9.11. Headings 81 Section 9.12. Severability 140 SECTION Confidentiality 81 Section 9.13. Counterparts 140 Page SECTION Interest Rate Limitation 81 Section 9.14. Headings 140 SECTION USA Patriot Act -iii- TABLE OF CONTENTS (continued) Page Section 9.15. Jurisdiction; Consent Acknowledgement SCHEDULES Schedule 1.01 -- Existing Letters of Credit Schedule 1.02 -- Fiscal Months of the Borrowers Schedule 2.01 -- Commitments Schedule 3.05 -- Disclosed Matters as to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees Litigation Schedule 3.08 -- Disclosed Matters as to Environmental Compliance Schedule 3.09 -- Other Leased and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Owned Property Schedule 3.16 -- Subsidiaries Schedule 3.18 -- Processors Schedule 5.01(j) -- Borrowing Base Certificate Schedule 6.01 -- Existing Indebtedness Schedule 6.02 -- Existing Liens Schedule 6.03 – Fiscal Year End Schedule 6.04 -- Existing Investments Schedule 6.08 -- Existing Restrictions EXHIBITS Exhibit A Agreed Security Principles Exhibit B -- Form of Assignment and Acceptance Assumption Exhibit B -- Form of Opinion of Borrowers’ Counsel Exhibit C Auction Procedures -- Form of Promissory Note Exhibit D -- Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of April 17July 10, 20132007, among XXXXXXXX-VAN HEUSEN CORPORATION, a Delaware corporation, THE IZOD CORPORATION, a Pennsylvania corporation, PVH WHOLESALE CORP., a Delaware corporation, PVH RETAIL CORP., a Delaware corporation, XXXX.XXX INC., a Delaware corporation, X.X. XXXX FRANCHISES INC., a Delaware corporation, CD GROUP INC., a Delaware corporation, PVH CK STORES, INC., a Delaware corporation, PVH OHIO, INC., a Delaware corporation, PVH MICHIGAN, INC., a Delaware corporation, PVH PENNSYLVANIA, INC., a Delaware corporation, PVH WHOLESALE NEW JERSEY, INC., a Delaware corporation, PVH RETAIL MANAGEMENT COMPANY, a Delaware corporation, and PVH SUPERBA/INSIGNIA NECKWEAR, INC., a Delaware corporation, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”)joint and several borrowers, the Lenders LENDERS party hereto from time to time and hereto, JPMORGAN CHASE BANK, N.A., as administrative agent Administrative Agent and collateral agent Collateral Agent, X.X. XXXXXX SECURITIES INC. as Joint Lead Arranger and Sole Bookrunner, BANK OF AMERICA, N.A. as Joint Lead Arranger and Co-Syndication Agent, SunTrust Bank as Co-Syndication Agent, Wachovia Bank, National Association as Co-Document Agent and The CIT Group/Commercial Services, Inc. as Co-Documentation Agent. The Borrowers are party to the Existing Credit Agreement (such term and all other capitalized terms used in this paragraph having the respective meanings ascribed to such terms hereinafter) and desire to amend and restate the Existing Credit Agreement to provide for Loans up to a maximum aggregate principal amount not in excess of $325,000,000 (subject to increases as provided in Section 2.19) at any time outstanding during the Availability Period. The proceeds of the Loans shall be used for the LendersBorrowers’ and their Subsidiaries’ working capital, Swingline Lender permitted acquisitions, Capital Expenditures and an L/C Issuer.general corporate purposes. The Borrowers and Guarantors will provide Collateral in accordance with the provisions of this Agreement and the other Financing Documents. The Lenders are severally, and not jointly, willing to amend and restate the Existing Credit Agreement and to extend such Loans to the Borrowers subject to the terms and conditions hereinafter set forth. Accordingly, the Borrowers, the Lenders and the Administrative Agent hereby agree as follows:
Appears in 1 contract
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20. Off 4751 Section 2.16 Mitigation Obligations; Replacement of Lenders 77 SECTION 2.21. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. 4852 Section 2.17 [Reserved] 81 SECTION 2.25]. Replacement Revolving 4952 Section 2.18 Incremental Facility Commitments 81 4952 Section 2.19 Loan Repurchases. 5054 Section 2.20 Refinancing Facilities. 5256 Section 2.21 Effect of Benchmark Transition Event for Eurodollar Loans. 5256 Section 2.22 Effect of Benchmark Transition Event for SOFR Loans. 58 ARTICLE III 3 REPRESENTATIONS AND WARRANTIES SECTION 3.01. 5459 Section 3.01 Organization; Powers 83 SECTION 3.02. Authorization 83 SECTION 3.03. 5459 Section 3.02 Authorization; Enforceability 83 SECTION 3.04. 5460 Section 3.03 Governmental Approvals 83 Page SECTION 3.05. Approvals; No Conflicts 5560 Section 3.04 Financial Statements 84 SECTION 3.06. Condition; No Material Adverse Effect 84 SECTION 3.07. Title to Properties; Possession Under Leases 84 SECTION 3.08. Subsidiaries 84 SECTION 3.09. Litigation; Change 5560 Section 3.05 Properties 5560 Section 3.06 Litigation and Environmental Matters 5661 Section 3.07 Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. and Agreements; No Default 5661 Section 3.08 Investment Company Act 85 SECTION 3.12. Status 5661 Section 3.09 Margin Stock 5661 Section 3.10 Taxes 5661 Section 3.11 ERISA 5662 Section 3.12 Disclosure 5863 Section 3.13 Subsidiaries 5863 Section 3.14 Solvency 5863 Section 3.15 Anti-Terrorism LawLaws 5863 Section 3.16 FCPA; Sanctions 5965 Section 3.17 Collateral Matters 6065 Section 3.18 Beneficial Ownership Certification 6065 ARTICLE 4 CONDITIONS 6066 Section 4.01 Effective Date 6066 ARTICLE 5 AFFIRMATIVE COVENANTS 6368 Section 5.01 Financial Statements; Ratings Change and Other Information 6368 Section 5.02 Notices of Material Events 6470 Section 5.03 Existence; Conduct of Business 6570 Section 5.04 Payment of Taxes and Other Claims 6570 Section 5.05 Maintenance of Properties; Insurance 6570 Section 5.06 Books and Records; Inspection Rights 6571 Section 5.07 ERISA-Related Information 6671 Section 5.08 Compliance with Laws and Agreements 6672 Section 5.09 Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location 6672 Section 5.10 Additional Guarantors 6772 Section 5.11 Holdings 6874 Section 5.12 Maintenance of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. AntiRatings 6974 Section 5.13 Post-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 Closing 6974 Section 5.14 Beneficial Ownership RegulationsRegulation 6974 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE 6 NEGATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. 6974 Section 6.01 Indebtedness 6974 Section 6.02 Liens 7076 Section 6.03 Fundamental Changes 7278 Section 6.04 Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ARTICLE IX MISCELLANEOUS SECTION 9.01. Notices; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Successors and Assigns 131 SECTION 9.05. Expenses; Indemnity 135 SECTION 9.06. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.7379
Appears in 1 contract
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20Section 2.18. Mitigation Obligations; Replacement of Lenders 77 SECTION 2.21Section 2.19. Illegality 78 SECTION 2.22. Incremental Increase in the Aggregate Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 47 ARTICLE III REPRESENTATIONS AND WARRANTIES SECTION 49 Section 3.01. Organization; Powers 83 SECTION Existence and Power Section 3.02. Authorization 83 SECTION Corporate and Governmental Authorization; No Contravention 49 Section 3.03. Enforceability 83 SECTION Binding Effect 49 Section 3.04. Governmental Approvals 83 Financial Information -i- TABLE OF CONTENTS (continued) Page SECTION Section 3.05. Financial Statements 84 SECTION Litigation 50 Section 3.06. No Material Adverse Effect 84 SECTION Compliance with ERISA 50 Section 3.07. Title to Properties; Possession Under Leases 84 SECTION Taxes 50 Section 3.08. Subsidiaries 84 SECTION Environmental Compliance 50 Section 3.09. Litigation; Properties 51 Section 3.10. Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION and Agreements 52 Section 3.11. Investment and Holding Company Act 85 SECTION Status 52 Section 3.12. Full Disclosure 52 Section 3.13. Security Interest 52 Section 3.14. Solvency 52 Section 3.15. Employee Matters Section 3.16. Subsidiaries Section 3.17. No Change in Credit Criteria or Collection Policies Section 3.18. Processors Section 3.19. Senior Notes Indentures; Debentures Indenture ARTICLE IV CONDITIONS 54 Section 4.01. Effective Date Section 4.02. Each Credit Event ARTICLE V AFFIRMATIVE COVENANTS Section 5.01. Information 56 Section 5.02. Maintenance of Property; Insurance 59 Section 5.03. Compliance with Laws Section 5.04. Inspection of Property, Books and Records 60 Section 5.05. Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.1660 Section 5.06. Environmental Matters 87 SECTION 3.1760 Section 5.07. Taxes 61 Section 5.08. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01Interests 61 Section 5.09. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05Conduct of Business 61 Section 5.10. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 61 Section 5.11. Rating 100 Additional Grantors and Guarantors 62 -ii- TABLE OF CONTENTS (continued) Page Section 5.12. Maintain Operating Accounts 62 Section 5.13. Processors 62 ARTICLE VI NEGATIVE COVENANTS SECTION 62 Section 6.01. Indebtedness 100 SECTION 62 Section 6.02. Liens 104 SECTION 64 Section 6.03. Sale and Lease-Back Transactions 108 SECTION Fundamental Changes Section 6.04. Investments, Loans Loans, Advances, Guarantees and Advances 108 Page SECTION Acquisitions Section 6.05. Mergers, Consolidations, Sales Prepayment or Modification of Assets and Acquisitions 112 SECTION Indebtedness; Modification of Operating Documents 66 Section 6.06. Restricted Payments 114 SECTION Section 6.07. Transactions with Affiliates 116 SECTION 67 Section 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION Restrictive Agreements Section 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 Fixed Charge Coverage ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 68 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ADMINISTRATIVE AGENT 71 ARTICLE IX MISCELLANEOUS SECTION 74 Section 9.01. Notices; Communications 130 SECTION Notices 74 Section 9.02. Survival of Agreement 131 SECTION Waivers; Amendments 75 Section 9.03. Effectiveness 131 SECTION Expenses; Indemnity; Damage Waiver 76 Section 9.04. Successors and Assigns 131 SECTION 77 Section 9.05. ExpensesSurvival 79 Section 9.06. Counterparts; Indemnity 135 SECTION 9.06Integration; Effectiveness 79 Section 9.07. Severability 80 Section 9.08. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION Setoff Section 9.09. Interest Rate Limitation 139 SECTION GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 80 Section 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 81 Section 9.11. Headings 81 Section 9.12. Severability 140 SECTION Confidentiality 81 Section 9.13. Counterparts 140 Page SECTION Interest Rate Limitation 81 Section 9.14. Headings 140 SECTION USA Patriot Act -iii- TABLE OF CONTENTS (continued) Page Section 9.15. Jurisdiction; Consent Acknowledgement 82 -iv- SCHEDULES Schedule 1.01 -- Existing Letters of Credit Schedule 1.02 -- Fiscal Months of the Borrowers Schedule 2.01 -- Commitments Schedule 3.05 -- Disclosed Matters as to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees Litigation Schedule 3.08 -- Disclosed Matters as to Environmental Compliance Schedule 3.09 -- Other Leased and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Owned Property Schedule 3.16 -- Subsidiaries Schedule 3.18 -- Processors Schedule 5.01(j) -- Borrowing Base Certificate Schedule 6.01 -- Existing Indebtedness Schedule 6.02 -- Existing Liens Schedule 6.03 – Fiscal Year End Schedule 6.04 -- Existing Investments Schedule 6.08 -- Existing Restrictions EXHIBITS Exhibit A Agreed Security Principles Exhibit B -- Form of Assignment and Acceptance Assumption Exhibit B -- Form of Opinion of Borrowers’ Counsel Exhibit C Auction Procedures -- Form of Promissory Note Exhibit D -- Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of April 17July 10, 20132007, among XXXXXXXX-VAN HEUSEN CORPORATION, a Delaware corporation, THE IZOD CORPORATION, a Pennsylvania corporation, PVH WHOLESALE CORP., a Delaware corporation, PVH RETAIL CORP., a Delaware corporation, XXXX.XXX INC., a Delaware corporation, X.X. XXXX FRANCHISES INC., a Delaware corporation, CD GROUP INC., a Delaware corporation, PVH CK STORES, INC., a Delaware corporation, PVH OHIO, INC., a Delaware corporation, PVH MICHIGAN, INC., a Delaware corporation, PVH PENNSYLVANIA, INC., a Delaware corporation, PVH WHOLESALE NEW JERSEY, INC., a Delaware corporation, PVH RETAIL MANAGEMENT COMPANY, a Delaware corporation, and PVH SUPERBA/INSIGNIA NECKWEAR, INC., a Delaware corporation, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”)joint and several borrowers, the Lenders LENDERS party hereto from time to time and hereto, JPMORGAN CHASE BANK, N.A., as administrative agent Administrative Agent and collateral agent Collateral Agent, X.X. XXXXXX SECURITIES INC. as Joint Lead Arranger and Sole Bookrunner, BANK OF AMERICA, N.A. as Joint Lead Arranger and Co-Syndication Agent, SunTrust Bank as Co-Syndication Agent, Wachovia Bank, National Association as Co-Document Agent and The CIT Group/Commercial Services, Inc. as Co-Documentation Agent. The Borrowers are party to the Existing Credit Agreement (such term and all other capitalized terms used in this paragraph having the respective meanings ascribed to such terms hereinafter) and desire to amend and restate the Existing Credit Agreement to provide for Loans up to a maximum aggregate principal amount not in excess of $325,000,000 (subject to increases as provided in Section 2.19) at any time outstanding during the Availability Period. The proceeds of the Loans shall be used for the LendersBorrowers’ and their Subsidiaries’ working capital, Swingline Lender permitted acquisitions, Capital Expenditures and an L/C Issuer.general corporate purposes. The Borrowers and Guarantors will provide Collateral in accordance with the provisions of this Agreement and the other Financing Documents. The Lenders are severally, and not jointly, willing to amend and restate the Existing Credit Agreement and to extend such Loans to the Borrowers subject to the terms and conditions hereinafter set forth. Accordingly, the Borrowers, the Lenders and the Administrative Agent hereby agree as follows:
Appears in 1 contract
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.2072 Section 2.22. Letters of Credit 74 Section 2.23. Increase of Commitments; Additional Lenders 79 Section 2.24. Mitigation Obligations; of Obligations 84 Section 2.25. Replacement of Lenders 77 SECTION 2.2184 Section 2.26. Illegality 78 SECTION 2.22Defaulting Lenders 84 Section 2.27. Incremental Commitments 78 SECTION 2.23Request for Extended Facilities 88 Article III CONDITIONS PRECEDENT TO LOANS AND LETTERS OF CREDIT; ADDITIONS OF BORROWING BASE ASSETS 90 Section 3.1. Refinancing Term Loans 80 SECTION 2.24Conditions to Effectiveness 91 Section 3.2. [Reserved] 81 SECTION 2.25Conditions to Each Credit Event 94 Section 3.3. Replacement Revolving Facility Commitments 81 ARTICLE III Delivery of Documents 94 Section 3.4. Removal of Borrowing Base Assets and Releases of Loan Parties 94 Article IV REPRESENTATIONS AND WARRANTIES SECTION 3.0195 Section 4.1. Organization; Powers 83 SECTION 3.02Due Organization and Good Standing 96 Section 4.2. Authorization 83 SECTION 3.03. Power and Authority, Due Authorization, Execution, Delivery and Enforceability 83 SECTION 3.0496 Section 4.3. Governmental Approvals 83 Page SECTION 3.05and Third Party Consents and Approvals; No Conflicts 96 Section 4.4. Financial Statements 84 SECTION 3.06. No Statements; Material Adverse Effect 84 SECTION 3.07Change 96 Section 4.5. Title to Properties; Possession Under Leases 84 SECTION 3.08Litigation and Environmental Matters 97 Section 4.6. Subsidiaries 84 SECTION 3.09. Litigation; Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.1198 Section 4.7. Investment Company Act 85 SECTION 3.12. Use of Proceeds 85 SECTION 3.1399 Section 4.8. Taxes 85 SECTION 3.1499 Section 4.9. No Material Misstatements 86 SECTION 3.15Margin Regulations 99 Section 4.10. Employee Benefit Plans 86 SECTION 3.16ERISA 100 Section 4.11. Environmental Matters 87 SECTION 3.17Ownership of Property 100 Section 4.12. Security Documents 87 SECTION 3.18Accuracy of Disclosure 102 Section 4.13. Location of Labor Relations 102 Section 4.14. Subsidiaries 102 Section 4.15. Solvency 103 Section 4.16. Insurance 103 Section 4.17. Reserved 103 Section 4.18. Real Property and Leased Premises 88 SECTION 3.19Assets; Leases 103 Section 4.19. Solvency 88 SECTION 3.20Assignment of Claims Act 104 Section 4.20. Labor Healthcare Matters 88 SECTION 3.21104 Section 4.21. OFAC 108 Section 4.22. Patriot Act 108 Section 4.23. No Default 89 SECTION 3.22108 Section 4.24. Intellectual Property; Licenses, EtcProperty 108 Section 4.25. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27REIT Status 108 Section 4.26. EEA Financial Institutions 89 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE Institution 108 Article V AFFIRMATIVE COVENANTS SECTION 5.01108 Section 5.1. Financial Statements and Other Information 109 Section 5.2. Notices of Material Events 111 Section 5.3. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06Conduct of Business 114 Section 5.4. Compliance with Laws 96 SECTION 5.07114 Section 5.5. Maintaining Records; Access to Payment of Taxes and Other Obligations 114 Section 5.6. Books and Records 115 Section 5.7. Visitation and Inspection 115 Section 5.8. Maintenance of Properties and Inspections 97 SECTION 5.08115 Section 5.9. Insurance 116 Section 5.10. Use of Proceeds 97 SECTION 5.09Proceeds; Margin Regulations 116 Section 5.11. Compliance with Environmental Laws 97 SECTION 5.10Casualty and Condemnation 116 Section 5.12. Additional Subsidiaries 116 Section 5.13. REIT Status 118 Section 5.14. Further Assurances; Additional Security 97 SECTION 5.11Assurances 118 Section 5.15. Rating 100 ARTICLE Healthcare Matters 118 Section 5.16. Environmental Matters 119 Section 5.17. Borrowing Base Additions 120 Section 5.18. Borrowing Base Assets 121 Section 5.19. Borrowing Base Leases 121 Section 5.20. Borrowing Base Certificates 122 Section 5.21. Eligible Ground Leases 122 Section 5.22. Borrowing Base Covenants 123 Section 5.23. Post-Closing Matters 124 Article VI FINANCIAL COVENANTS 124 Section 6.1. Consolidated Leverage Ratio 125 Section 6.2. Consolidated Fixed Charge Coverage Ratio 125 Section 6.3. Consolidated Tangible Net Worth 125 Section 6.4. Distribution Limitation 125 Section 6.5. Secured Debt 125 Section 6.6. Recourse Debt 125 Article VII NEGATIVE COVENANTS SECTION 6.01126 Section 7.1. Indebtedness 100 SECTION 6.02and Preferred Equity 126 Section 7.2. Liens 104 SECTION 6.03128 Section 7.3. Sale and Lease-Back Transactions 108 SECTION 6.04Fundamental Changes 130 Section 7.4. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06130 Section 7.5. Restricted Payments 114 SECTION 6.07132 Section 7.6. Sale of Assets 133 Section 7.7. Transactions with Affiliates 116 SECTION 6.08134 Section 7.8. Restrictive Agreements 136 Section 7.9. Sale and Leaseback Transactions 136 Section 7.10. Hedging Transactions 137 Section 7.11. Amendment to Organizational Documents 137 Section 7.12. RESERVED 137 Section 7.13. Business 137 Section 7.14. Accounting Changes 137 Section 7.15. Government Regulation 137 Section 7.16. Limited Activities of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII GP LLC 138 Article VIII EVENTS OF DEFAULT SECTION 7.01138 Section 8.1. Events of Default 121 SECTION 7.02138 Section 8.2. Right to Cure 123 ARTICLE VIII Application of Proceeds 141 Article IX THE AGENTS SECTION 8.01ADMINISTRATIVE AGENT 142 Section 9.1. Appointment 124 SECTION 8.02of the Administrative Agent 143 Section 9.2. Delegation Nature of Duties 124 SECTION 8.03of the Administrative Agent 144 Section 9.3. Exculpatory Provisions 125 SECTION 8.04Lack of Reliance on the Administrative Agent 145 Section 9.4. Certain Rights of the Administrative Agent 145 Section 9.5. Reliance by Agents 125 SECTION 8.05the Administrative Agent 145 Section 9.6. Notice of Default 126 SECTION 8.06. Non-Reliance on The Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their its Individual Capacity 127 SECTION 8.09145 Section 9.7. Successor Agents 127 SECTION 8.10Administrative Agent 145 Section 9.8. Payments Set Aside 128 SECTION 8.11Withholding Tax 146 Section 9.9. The Administrative Agent May File Proofs of Claim 128 SECTION 8.12147 Section 9.10. Authorization to Execute Other Loan Documents 148 Section 9.11. Collateral and Guaranty Matters 129 SECTION 8.13148 Section 9.12. Additional Agents 129 SECTION 8.14Co-Documentation Agents; Co-Syndication Agent 149 Section 9.13. Intercreditor Agreements Reserved 149 Section 9.14. Bank Product Obligations and Collateral Matters 129 SECTION 8.15Hedging Obligations 149 Article X MISCELLANEOUS 149 Section 10.1. Withholding Taxes 129 ARTICLE IX MISCELLANEOUS SECTION 9.01Notices 149 Section 10.2. NoticesWaiver; Communications 130 SECTION 9.02Amendments 153 Section 10.3. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04Expenses; Indemnification 156 Section 10.4. Successors and Assigns 131 SECTION 9.05158 Section 10.5. ExpensesGoverning Law; Indemnity 135 SECTION 9.06. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16Process. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.163
Appears in 1 contract
Samples: Credit and Guaranty Agreement (CareTrust REIT, Inc.)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20. Off 4951 Section 2.16 Mitigation Obligations; Replacement of Lenders 77 SECTION 2.215052 Section 2.17 Defaulting Lenders 5153 Section 2.18 Incremental Facility 5355 Section 2.19 Extension of the Maturity Date 56 Section 2.20 Letters of Credit. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 57 ARTICLE III 3 REPRESENTATIONS AND WARRANTIES SECTION 3.01. 64 Section 3.01 Organization; Powers 83 SECTION 3.02. Authorization 83 SECTION 3.03. 64 Section 3.02 Authorization; Enforceability 83 SECTION 3.04. 6264 Section 3.03 Governmental Approvals 83 Page SECTION 3.05. Approvals; No Conflicts 6264 Section 3.04 Financial Statements 84 SECTION 3.06. Condition; No Material Adverse Effect 84 SECTION 3.07. Title to Properties; Possession Under Leases 84 SECTION 3.08. Subsidiaries 84 SECTION 3.09. Litigation; Change 64 Section 3.05 Properties 6365 Section 3.06 Litigation and Environmental Matters 6365 Section 3.07 Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. and Agreements; No Default 65 Section 3.08 Investment Company Act 85 SECTION 3.12. Status 65 Section 3.09 Margin Stock 65 Section 3.10 Taxes 66 Section 3.11 ERISA 6466 Section 3.12 Disclosure 6567 Section 3.13 Subsidiaries 67 Section 3.14 Solvency 68 Section 3.15 Anti-Terrorism Law 68 Section 3.16 FCPA; Sanctions 6769 Section 3.17 Collateral Matters 6769 Section 3.18 Beneficial Ownership Certification 6870 ARTICLE 4 CONDITIONS 6870 Section 4.01 Effective Date 6870 Section 4.02 Each Credit Event 71 ARTICLE 5 AFFIRMATIVE COVENANTS 7072 Section 5.01 Financial Statements; Ratings Change and Other Information 7072 Section 5.02 Notices of Material Events 7274 Section 5.03 Existence; Conduct of Business 74 Section 5.04 Payment of Taxes and Other Claims 74 Section 5.05 Maintenance of Properties; Insurance 7375 Section 5.06 Books and Records; Inspection Rights 7375 Section 5.07 ERISA-Related Information 75 Section 5.08 Compliance with Laws and Agreements 7476 Section 5.09 Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti7476 Section 5.10 Additional Guarantors 7476 Section 5.11 Holdings 77 Section 5.12 Post-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 Closing 7678 Section 5.13 Beneficial Ownership Regulations 78 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE 6 NEGATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. 7678 Section 6.01 Indebtedness 78 Section 6.02 Liens 79 Section 6.03 Fundamental Changes 81 Section 6.04 Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 83 Section 6.05 Minimum Liquidity 8183 Section 6.06 Restricted Repayments 8183 Section 6.07 Junior Debt Prepayments 8284 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII 7 EVENTS OF DEFAULT SECTION 7.01. 84 Section 7.01 Events of Default 121 SECTION 7.02. 84 Section 7.02 Application of Funds 8587 ARTICLE 8 THE AGENTS 8688 Section 8.01 Appointment of the Administrative Agent 8688 Section 8.02 Powers and Duties 88 Section 8.03 General Immunity 8789 Section 8.04 Administrative Agent Entitled to Act as Lender 90 Section 8.05 Lenders’ Representations, Warranties and Acknowledgment 90 Section 8.06 Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Indemnity 8991 Section 8.07 Successor Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents 9092 Section 8.08 Guaranty 92 Section 8.09 Actions in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Concert 9193 Section 8.10 Withholding Taxes 93 Section 8.11 Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. 94 Section 8.12 Intercreditor Agreements 94 Section 8.13 Secured Cash Management Agreements and Collateral Secured Hedge Agreements 9395 Section 8.14 Certain ERISA Matters 129 SECTION 8.15. Withholding Taxes 129 95 ARTICLE IX 9 MISCELLANEOUS SECTION 9.01. Notices9397 Section 9.01 Notices 9397 Section 9.02 Waivers; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Amendments 97100 Section 9.03 Expenses; Indemnity; Damage Waiver 99102 Section 9.04 Successors and Assigns 131 SECTION 9.05. Expenses101104 Section 9.05 Survival 105108 Section 9.06 Counterparts; Indemnity 135 SECTION 9.06. Integration; Effectiveness 106108 Section 9.07 Severability 106108 Section 9.08 Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.Setoff 106109
Appears in 1 contract
Samples: Revolving Credit Agreement (Uber Technologies, Inc)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 22 SECTION 2.202.16. Mitigation Obligations; Replacement of Lenders 77 23 SECTION 2.212.17. Illegality 78 Defaulting Lenders 23 SECTION 2.222.18. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 Expansion Option 23 ARTICLE III REPRESENTATIONS AND WARRANTIES 24 SECTION 3.01. Organization; Powers 83 24 SECTION 3.02. Authorization 83 Authorization; Enforceability 24 SECTION 3.03. Enforceability 83 Governmental Approvals; No Conflicts 25 SECTION 3.04. Governmental Approvals 83 Page Financial Statements; No Material Adverse Change 25 SECTION 3.05. Financial Statements 84 Properties 25 SECTION 3.06. No Material Adverse Effect 84 Litigation and Environmental Matters 25 SECTION 3.07. Title to Properties; Possession Under Leases 84 Compliance with Laws 25 SECTION 3.08. Subsidiaries 84 No Default 25 SECTION 3.09. LitigationInvestment Company Status 26 SECTION 3.10. Insurance Licenses 26 SECTION 3.11. Taxes 26 SECTION 3.12. ERISA 26 SECTION 3.13. Disclosure 26 SECTION 3.14. Margin Regulations 26 SECTION 3.15. Indebtedness 26 SECTION 3.16. Liens 26 SECTION 3.17. Subsidiaries 26 SECTION 3.18. Solvency 27 SECTION 3.19. Anti-Corruption Laws and Sanctions 27 TABLE OF CONTENTS (Continued) Page ARTICLE IV CONDITIONS 27 SECTION 4.01. Effective Date 27 SECTION 4.02. Each Credit Event 28 ARTICLE V AFFIRMATIVE COVENANTS 28 SECTION 5.01. Financial Statements and Other Information 28 SECTION 5.02. Notices of Material Events 29 SECTION 5.03. Existence; Conduct of Business 30 SECTION 5.04. Payment of Obligations 30 SECTION 5.05. Maintenance of Properties 30 SECTION 5.06. Books and Records 30 SECTION 5.07. Inspection Rights 30 SECTION 5.08. Compliance with Laws 85 and Contractual Obligations 30 SECTION 3.105.09. Federal Reserve Regulations 85 Insurance 30 SECTION 3.11. Investment Company Act 85 SECTION 3.125.10. Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 31 SECTION 5.11. Rating 100 Maintenance of Ratings 31 ARTICLE VI NEGATIVE COVENANTS 31 SECTION 6.01. Indebtedness 100 31 SECTION 6.02. Liens 104 33 SECTION 6.03. Sale and Lease-Back Transactions 108 Fundamental Changes; Lines of Business 33 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 35 SECTION 6.05. Financial Covenants 35 SECTION 6.06. Sale/Leaseback Transactions and Synthetic Leases 35 SECTION 6.07. Dispositions 35 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 Restrictive Agreements 35 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws Organizational Documents and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 Agreements 36 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 36 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ADMINISTRATIVE AGENT 38 ii TABLE OF CONTENTS (Continued) Page ARTICLE IX MISCELLANEOUS 40 SECTION 9.01. Notices; Communications 130 Notices 40 SECTION 9.02. Survival of Agreement 131 Waivers; Amendments 42 SECTION 9.03. Effectiveness 131 Expenses; Indemnity; Damage Waiver 42 SECTION 9.04. Successors and Assigns 131 43 SECTION 9.05. Expenses; Indemnity 135 Survival 45 SECTION 9.06. Right of Set-off 136 Counterparts; Integration; Effectiveness; Electronic Execution 45 SECTION 9.07. Applicable Law 137 Severability 45 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service Right of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.Setoff 45
Appears in 1 contract
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 42 SECTION 2.202.19. Mitigation Obligations; Replacement of Lenders 77 44 SECTION 2.212.20. Illegality 78 SECTION 2.22Defaulting Lenders. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 45 ARTICLE III REPRESENTATIONS AND WARRANTIES 46 SECTION 3.01. Organization; Powers 83 46 SECTION 3.02. Authorization 83 Authorization; Enforceability 46 SECTION 3.03. Enforceability 83 Governmental Approvals; No Conflicts 46 SECTION 3.04. Governmental Approvals 83 Page Financial Condition; No Material Adverse Change 46 SECTION 3.05. Financial Statements 84 Properties 47 SECTION 3.06. No Material Adverse Effect 84 Litigation and Environmental Matters 47 SECTION 3.07. Title to Properties; Possession Under Leases 84 Compliance with Laws and Agreements 47 SECTION 3.08. Subsidiaries 84 Investment Company Status 48 SECTION 3.09. Litigation; Compliance with Laws 85 Taxes 48 SECTION 3.10. Federal Reserve Regulations 85 ERISA 48 SECTION 3.11. Investment Company Act 85 Disclosure 48 SECTION 3.12. Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; LicensesAnti-Corruption Laws, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption Laws and Sanctions 89 48 SECTION 3.273.13. EEA Affected Financial Institutions 89 48 SECTION 3.14. Margin Regulations 49 ARTICLE IV CONDITIONS OF LENDING 49 SECTION 4.01. All Credit Events 90 Closing Date 49 SECTION 4.02. First Credit Event 90 Borrowing 51 ARTICLE V AFFIRMATIVE COVENANTS 51 SECTION 5.01. Existence; Businesses Financial Statements and Properties 93 Other Information 51 SECTION 5.02. Insurance 93 Notices of Material Events 52 SECTION 5.03. Taxes 94 Existence; Conduct of Business 52 IF " DOCVARIABLE "SWDocIDLocation" 2" = "1" " DOCPROPERTY "SWDocID" ACTIVE 230252376v.1" "" SECTION 5.04. Financial Statements, Reports, etc. 94 Payment of Obligations 53 SECTION 5.05. Litigation and Other Notices 96 Maintenance of Properties; Insurance 53 SECTION 5.06. Books and Records; Inspection Rights 53 SECTION 5.07. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 53 SECTION 5.08. Use of Proceeds 97 53 SECTION 5.09. Compliance with Environmental Laws 97 Litigation Report 53 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 Covenant to Guarantee Obligations 54 ARTICLE VI NEGATIVE COVENANTS 54 SECTION 6.01. Indebtedness 100 Restrictions on Borrowing by Subsidiaries 54 SECTION 6.02. Liens 104 55 SECTION 6.03. Restrictions on Sale and Lease-Lease Back Transactions 108 56 SECTION 6.04. Investments, Loans and Advances 108 Page Fundamental Changes 56 SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 56 SECTION 6.06. Acquisitions 56 SECTION 6.07. Interest Coverage Ratio 57 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 Net Leverage Ratio 57 ARTICLE VII EVENTS OF DEFAULT 57 SECTION 7.01. Events of Default 121 57 SECTION 7.02. Right to Cure 123 Remedies Upon an Event of Default 59 SECTION 7.03. Application of Payments 60 ARTICLE VIII THE AGENTS ADMINISTRATIVE AGENT 60 SECTION 8.01. Appointment 124 The Administrative Agent 60 SECTION 8.02. Delegation of Duties 124 Certain ERISA Matters 64 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Certain Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 65 ARTICLE IX MISCELLANEOUS 66 SECTION 9.01. Notices; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Successors and Assigns 131 SECTION 9.05. Expenses; Indemnity 135 SECTION 9.06. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.Notices 66
Appears in 1 contract
Samples: Credit Agreement (Fortune Brands Home & Security, Inc.)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20. 110111 Section 2.19 Mitigation Obligations; Replacement of Lenders 77 SECTION 2.21. 112113 Section 2.20 Illegality 78 SECTION 2.22. 114115 Section 2.21 Incremental Commitments 78 SECTION 2.23. 114116 Section 2.22 Extensions of Loans and Commitments 117119 Section 2.23 Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 Amendments 120121 Section 2.24 Defaulting Lender 123125 Section 2.25 Loan Repurchases 126127 ARTICLE III REPRESENTATIONS AND WARRANTIES SECTION 3.01. Representations and Warranties 128129 Section 3.01 Organization; Powers 83 SECTION 3.02. 128129 Section 3.02 Authorization 83 SECTION 3.03. 128129 Section 3.03 Enforceability 83 SECTION 3.04. 129130 Page Section 3.04 Governmental Approvals 83 Page SECTION 3.05. 129130 Section 3.05 Financial Statements 84 SECTION 3.06. 129131 Section 3.06 No Material Adverse Effect 84 SECTION 3.07. 130131 Section 3.07 Title to Properties; Possession Under Leases 84 SECTION 3.08. 130131 Section 3.08 Subsidiaries 84 SECTION 3.09. 130131 Section 3.09 Litigation; Compliance with Laws 85 SECTION 3.10. 130131 Section 3.10 Federal Reserve Regulations 85 SECTION 3.11. 131132 Section 3.11 Investment Company Act 85 SECTION 3.12. 131132 Section 3.12 Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. 131132 Section 3.13 Tax Returns 131133 Section 3.14 No Material Misstatements 86 SECTION 3.15. 132133 Section 3.15 Employee Benefit Plans 86 SECTION 3.16. 132134 Section 3.16 Environmental Matters 87 SECTION 3.17. 132134 Section 3.17 Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. 133134 Section 3.18 Solvency 88 SECTION 3.20. 134135 Section 3.19 Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. 134135 Section 3.20 Insurance 134136 Section 3.21 Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 135136 Section 3.22 USA XXXXXXX Xxx 000000 Section 3.23 OFAC/Sanctions, etc 135136 Section 3.24 Foreign Corrupt Practices Act 135137 Section 3.25 Luxembourg Regulatory Matters 135137 Section 3.26 Existing Indebtedness 136137 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. Conditions of Lending 137138 Section 4.01 All Credit Events 90 SECTION 4.02. 137138 Section 4.02 First Credit Event 90 138139 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01. Affirmative Covenants 143144 Section 5.01 Existence; Businesses Business and Properties 93 SECTION 5.02. 143144 Section 5.02 Insurance 93 SECTION 5.03. 144144 Section 5.03 Taxes 94 SECTION 5.04. 144145 Section 5.04 Financial Statements, Reports, etc. 94 SECTION 5.05. 145145 Section 5.05 Litigation and Other Notices 96 SECTION 5.06. 147147 Section 5.06 Compliance with Laws 96 SECTION 5.07. 147148 Section 5.07 Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. 147148 Section 5.08 Use of Proceeds 97 SECTION 5.09. 148148 Section 5.09 Compliance with Environmental Laws 97 SECTION 5.10. 148149 Section 5.10 Further Assurances; Additional Security 97 SECTION 5.11. 148149 Section 5.11 Rating 100 150151 Section 5.12 Post Closing 151151 Section 5.13 Cadence IP Licensee 151151 Page ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Negative Covenants 152152 Section 6.01 Indebtedness 100 SECTION 6.02. 152152 Section 6.02 Liens 104 SECTION 6.03. 157158 Section 6.03 Sale and Lease-Back Transactions 108 SECTION 6.04. 162162 Section 6.04 Investments, Loans and Advances 108 Page SECTION 6.05. 162163 Section 6.05 Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower 167167 Section 6.06 Dividends and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 ARTICLE IX MISCELLANEOUS SECTION 9.01. Notices; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Successors and Assigns 131 SECTION 9.05. Expenses; Indemnity 135 SECTION 9.06. Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule Distributions 169170 Section 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as 171171 Section 6.08 Business of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time Parent and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.Subsidiaries 173173
Appears in 1 contract
Samples: Incremental Assumption Agreement (Mallinckrodt PLC)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 30 SECTION 2.20. 2.19 Mitigation Obligations; Replacement of Lenders 77 SECTION 2.21. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 32 ARTICLE III REPRESENTATIONS AND WARRANTIES Representations and Warranties 32 SECTION 3.01. 3.1 Organization; Powers 83 32 SECTION 3.02. Authorization 83 3.2 Authorization; Enforceability 32 SECTION 3.03. Enforceability 83 3.3 Governmental Approvals; No Conflicts 33 SECTION 3.04. Governmental Approvals 83 Page SECTION 3.05. 3.4 Financial Statements 84 SECTION 3.06. Condition; No Material Adverse Effect 84 33 SECTION 3.07. Title to Properties; Possession Under Leases 84 3.5 Properties 33 SECTION 3.08. Subsidiaries 84 3.6 Litigation and Environmental Matters 33 SECTION 3.09. Litigation; 3.7 Compliance with Laws 85 and Agreements 34 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. 3.8 Investment Company Act 85 Status 34 SECTION 3.123.9 Taxes 34 SECTION 3.10 ERISA 34 SECTION 3.11 Disclosure 34 SECTION 3.12 Subsidiaries 35 SECTION 3.13 Solvency 35 SECTION 3.14 Senior Indebtedness 35 SECTION 3.15 Use of Proceeds; Margin Regulations; Anti-Corruption Laws and Sanctions 35 ARTICLE IV Conditions 36 SECTION 4.1 Effective Date 36 SECTION 4.2 Each Credit Event 37 ARTICLE V Affirmative Covenants 37 SECTION 5.1 Financial Statements and Other Information 37 SECTION 5.2 Notices of Material Events 38 SECTION 5.3 Existence; Conduct of Business 38 SECTION 5.4 Payment of Obligations 39 SECTION 5.5 Maintenance of Properties; Insurance 39 SECTION 5.6 Books and Records; Inspection and Audit Rights 39 SECTION 5.7 Compliance with Laws and Agreements 39 SECTION 5.8 Intellectual Property 39 SECTION 5.9 Environmental Laws 40 SECTION 5.10 Future Guarantors. 40 ARTICLE VI Negative Covenants 40 SECTION 6.1 Financial Condition Covenants 41 SECTION 6.2 Priority Debt 41 SECTION 6.3 Liens 41 SECTION 6.4 Fundamental Changes 42 SECTION 6.5 Asset Sales 43 SECTION 6.6 Restricted Payments; Certain Payments of Subordinated Indebtedness 43 SECTION 6.7 Limitations on Modifications of Subordinated Indebtedness 44 SECTION 6.8 Transactions with Affiliates 44 SECTION 6.9 Restrictive Agreements 44 SECTION 6.10 Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 45 ARTICLE VII EVENTS OF DEFAULT SECTION 7.01. Events of Default 121 SECTION 7.02. Right to Cure 123 45 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. The Administrative Agent May File Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. Intercreditor Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 48 ARTICLE IX MISCELLANEOUS Miscellaneous 49 SECTION 9.01. Notices9.1 Notices 49 SECTION 9.2 Waivers; Communications 130 Amendments 50 SECTION 9.02. Survival of Agreement 131 9.3 Judgment Currency 51 SECTION 9.03. Effectiveness 131 9.4 Expenses; Indemnity; Damage Waiver 51 SECTION 9.04. 9.5 Successors and Assigns 131 Assigns; Participations and Assignments 52 SECTION 9.05. Expenses9.6 Survival 55 SECTION 9.7 Counterparts; Indemnity 135 Integration; Effectiveness 55 SECTION 9.06. 9.8 Severability 55 SECTION 9.9 Right of Set-off 136 Setoff 55 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers9.10 Governing Law; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 56 SECTION 9.16. 9.11 WAIVER OF JURY TRIAL 56 SECTION 9.12 Headings 56 SECTION 9.13 Confidentiality 142 56 iii SECTION 9.17. Platform; Borrower Materials 142 9.14 Releases of Guarantees 57 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. 9.15 USA PATRIOT Patriot Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood 57 SCHEDULES: Schedule 1.1 — Subsidiary Guarantors Schedule 2.1 — Commitments Schedule 3.6 — Disclosed Matters 145 Exhibits and Schedules Schedule 3.12 — Subsidiaries EXHIBITS: Exhibit A Agreed Security Principles Exhibit B — Form of Assignment and Acceptance Assumption Exhibit B-1 — Form of Opinion of General Counsel Exhibit B-2 — Form of Opinion of Xxxxxx, Xxxx & Xxxxxxxx LLP Exhibit C Auction Procedures — Form of Subsidiary Guarantee Exhibit D — Form of Borrowing Request/Interest Rate Request Affiliate Subordinated Note Exhibit E — Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information U.S. Tax Certificate CREDIT AGREEMENT AGREEMENT, dated as of April 17March 24, 2013, as amended through November 4, 2016 2015 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC)COTY INC., a Puerto Rico limited liability company Delaware corporation (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (the “Borrower”), the Lenders party hereto banks, financial institutions or other entities from time to time parties to this Agreement (as more specifically defined below, the “Lenders”), BANK OF AMERICA, N.A., BNP PARIBAS, CREDIT AGRICOLE CORPORATE & INVESTMENT BANK , ING BANK, N.V., XXXXXX XXXXXXX MUFG LOAN PARTNERS, LLC AND XXXXX FARGO BANK, N.A., as syndication agents (in such capacities, the “Syndication Agents”) and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.agent. The parties hereto hereby agree as follows:
Appears in 1 contract
Samples: Credit Agreement (Coty Inc.)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20. Off 4951 Section 2.16 Mitigation Obligations; Replacement of Lenders 77 SECTION 2.215052 Section 2.17 Defaulting Lenders 5153 Section 2.18 Incremental Facility 5355 Section 2.19 Extension of the Maturity Date 5557 Section 2.20 Letters of Credit. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 5658 ARTICLE III 3 REPRESENTATIONS AND WARRANTIES SECTION 3.01. 6264 Section 3.01 Organization; Powers 83 SECTION 3.02. Authorization 83 SECTION 3.03. 6264 Section 3.02 Authorization; Enforceability 83 SECTION 3.04. 6264 Section 3.03 Governmental Approvals 83 Page SECTION 3.05. Approvals; No Conflicts 6264 Section 3.04 Financial Statements 84 SECTION 3.06. Condition; No Material Adverse Effect 84 SECTION 3.07. Title to Properties; Possession Under Leases 84 SECTION 3.08. Subsidiaries 84 SECTION 3.09. Litigation; Change 6365 Section 3.05 Properties 6365 Section 3.06 Litigation and Environmental Matters 6365 Section 3.07 Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. and Agreements; No Default 6466 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 Section 3.08 Investment Company Act 85 SECTION 3.12. Status 6466 Section 3.09 Margin Stock 6466 Section 3.10 Taxes 6466 Section 3.11 ERISA 6466 Section 3.12 Disclosure 6567 Section 3.13 Subsidiaries 6668 Section 3.14 Solvency 6668 Section 3.15 Anti-Terrorism Law 6668 Section 3.16 FCPA; Sanctions 6769 Section 3.17 Collateral Matters 6770 Section 3.18 Beneficial Ownership Certification 6870 ARTICLE 4 CONDITIONS 6870 Section 4.01 Effective Date 6870 Section 4.02 Each Credit Event 7072 ARTICLE 5 AFFIRMATIVE COVENANTS 7073 Section 5.01 Financial Statements; Ratings Change and Other Information 7073 Section 5.02 Notices of Material Events 7274 Section 5.03 Existence; Conduct of Business 7375 Section 5.04 Payment of Taxes and Other Claims 7375 Section 5.05 Maintenance of Properties; Insurance 7375 Section 5.06 Books and Records; Inspection Rights 7375 Section 5.07 ERISA-Related Information 7476 Section 5.08 Compliance with Laws and Agreements 7476 Section 5.09 Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property7476 Section 5.10 Additional Guarantors; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. AntiAdditional Collateral 7477 Section 5.11 Holdings 7678 Section 5.12 Post-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 Closing 7678 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE 6 NEGATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. 7679 Section 6.01 Indebtedness 7779 Section 6.02 Liens 7880 Section 6.03 Fundamental Changes 8082 Section 6.04 Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 8183 Section 6.05 Minimum Liquidity 8183 Section 6.06 Restricted Repayments 8183 Section 6.07 Junior Debt Prepayments 8284 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII 7 EVENTS OF DEFAULT SECTION 7.01. 8385 Section 7.01 Events of Default 121 SECTION 7.02. 8385 Section 7.02 Application of Funds 8587 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 ARTICLE 8 THE AGENTS 8688 Section 8.01 Appointment of the Administrative Agent 8688 Section 8.02 Powers and Duties 8789 Section 8.03 General Immunity 8789 Section 8.04 Administrative Agent Entitled to Act as Lender 8991 Section 8.05 Lenders’ Representations, Warranties and Acknowledgment 8991 Section 8.06 Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Indemnity 8992 Section 8.07 Successor Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents 9092 Section 8.08 Guaranty 9193 Section 8.09 Actions in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Concert 9194 Section 8.10 Withholding Taxes 9294 Section 8.11 Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. 9294 Section 8.12 Intercreditor Agreements 9395 Section 8.13 Secured Cash Management Agreements and Collateral Matters 129 SECTION 8.15. Withholding Taxes 129 Secured Hedge Agreements 9395 ARTICLE IX 9 MISCELLANEOUS SECTION 9.01. Notices9397 Section 9.01 Notices 9397 Section 9.02 Waivers; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Amendments 97101 Section 9.03 Expenses; Indemnity; Damage Waiver 99103 Section 9.04 Successors and Assigns 131 SECTION 9.05. Expenses101104 Section 9.05 Survival 105109 Section 9.06 Counterparts; Indemnity 135 SECTION 9.06. Integration; Effectiveness 106109 Section 9.07 Severability 106109 Section 9.08 Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. WaiversSetoff 106109 Section 9.09 Governing Law; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. 107110 Section 9.10 Waiver Of Jury Trial 107110 Section 9.11 Headings 108111 Section 9.12 Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. 108111 Section 9.13 Interest Rate Limitation 109112 Section 9.14 No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. 109113 Section 9.15 Electronic Execution of Assignments and Certain Other Documents 110113 Section 9.16 USA XXXXXXX Xxx 000000 Section 9.17 Release of Guarantors; Release of Collateral 110114 Section 9.18 Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 112115 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 Schedules Schedule 2.01 Lenders, Revolving Commitments and Letter of Credit Issuer Sublimit Schedules to the Disclosure Letter Schedule 3.11 Plans Schedule 3.13 Capitalization Schedule 6.01 Specified Indebtedness Schedule 6.02 Existing Liens Exhibits and Schedules Exhibit A Agreed Security Principles Form of Assignment and Assumption Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 C Form of Non-Debt Fund Affiliate Assignment and Acceptance Interest Election Request Exhibit F-2 D-1 Form of Debt Fund Affiliate Assignment Notice Revolving Note Exhibit D-2 [Reserved] Exhibit E-1 Form of Guaranty Exhibit E-2 Form of Holdings Guaranty Exhibit F Form of Compliance Certificate Exhibit G [Reserved] Exhibit H-1 Form of Guarantee Agreement U.S. Tax Compliance Certificate Exhibit H H-2 Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) U.S. Tax Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information Certificate Exhibit H-3 Form of U.S. Tax Compliance Certificate Exhibit H-4 Form of U.S. Tax Compliance Certificate Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 REVOLVING CREDIT AGREEMENT dated as of April 17June 26, 20132015 among UBER TECHNOLOGIES, INC., as amended through November 4the Borrower, 2016 the LENDERS party hereto and XXXXXX XXXXXXX SENIOR FUNDING, INC., as the Administrative Agent. The Borrower (this “Agreement”such term and each other capitalized term used and not otherwise defined in these recitals having the meaning assigned to it in Article 1), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), has requested the Lenders party hereto to make Loans to the Borrower on a revolving credit basis on and after the date hereof and at any time and from time to time and JPMORGAN CHASE BANKprior to the Maturity Date. The proceeds of borrowings hereunder, N.A.together with the issuance of any letter of credit, as administrative agent and collateral agent are to be used for the Lenderspurposes described in Section 5.09. The Lenders are willing to establish the credit facility referred to in the preceding paragraph upon the terms and subject to the conditions set forth herein. Accordingly, Swingline Lender for valuable consideration of the mutual covenants and an L/C Issuer.agreements herein contained, the parties hereto covenant and agree as follows:
Appears in 1 contract
Samples: Revolving Credit Agreement (Uber Technologies, Inc)
Payments Generally; Pro Rata Treatment; Sharing of Set. offs 76 SECTION 2.20. Off 4951 Section 2.16 Mitigation Obligations; Replacement of Lenders 77 SECTION 2.215052 Section 2.17 Defaulting Lenders 5153 Section 2.18 Incremental Facility 5355 Section 2.19 Extension of the Maturity Date 56 Section 2.20 Letters of Credit. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 57 ARTICLE III 3 REPRESENTATIONS AND WARRANTIES SECTION 3.01. 64 Section 3.01 Organization; Powers 83 SECTION 3.02. Authorization 83 SECTION 3.03. 64 Section 3.02 Authorization; Enforceability 83 SECTION 3.04. 6264 Section 3.03 Governmental Approvals 83 Page SECTION 3.05. Approvals; No Conflicts 6264 Section 3.04 Financial Statements 84 SECTION 3.06. Condition; No Material Adverse Effect 84 SECTION 3.07. Title to Properties; Possession Under Leases 84 SECTION 3.08. Subsidiaries 84 SECTION 3.09. Litigation; Change 64 Section 3.05 Properties 6365 Section 3.06 Litigation and Environmental Matters 6365 Section 3.07 Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. and Agreements; No Default 65 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 Section 3.08 Investment Company Act 85 SECTION 3.12. Status 65 Section 3.09 Margin Stock 65 Section 3.10 Taxes 66 Section 3.11 ERISA 6466 Section 3.12 Disclosure 6567 Section 3.13 Subsidiaries 67 Section 3.14 Solvency 68 Section 3.15 Anti-Terrorism Law 68 Section 3.16 FCPA; Sanctions 6769 Section 3.17 Collateral Matters 6769 Section 3.18 Beneficial Ownership Certification 6870 ARTICLE 4 CONDITIONS 6870 Section 4.01 Effective Date 6870 Section 4.02 Each Credit Event 71 ARTICLE 5 AFFIRMATIVE COVENANTS 7072 Section 5.01 Financial Statements; Ratings Change and Other Information 7072 Section 5.02 Notices of Material Events 7274 Section 5.03 Existence; Conduct of Business 74 Section 5.04 Payment of Taxes and Other Claims 74 Section 5.05 Maintenance of Properties; Insurance 7375 Section 5.06 Books and Records; Inspection Rights 7375 Section 5.07 ERISA-Related Information 75 Section 5.08 Compliance with Laws and Agreements 7476 Section 5.09 Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti7476 Section 5.10 Additional Guarantors 7476 Section 5.11 Holdings 77 Section 5.12 Post-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 Closing 7678 Section 5.13 Beneficial Ownership Regulations 78 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE 6 NEGATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. 7678 Section 6.01 Indebtedness 78 Section 6.02 Liens 79 Section 6.03 Fundamental Changes 81 Section 6.04 Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 83 Section 6.05 Minimum Liquidity 8183 Section 6.06 Restricted Repayments 8183 Section 6.07 Junior Debt Prepayments 8284 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. 118 SECTION 6.10. Financial Performance Covenant 121 SECTION 6.11. [Reserved] 121 SECTION 6.12. No Other “Designated Senior Debt” 121 SECTION 6.13. Changes in Fiscal Year 121 ARTICLE VII 7 EVENTS OF DEFAULT SECTION 7.01. 84 Section 7.01 Events of Default 121 SECTION 7.02. 84 Section 7.02 Application of Funds 8587 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 ARTICLE 8 THE AGENTS 8688 Section 8.01 Appointment of the Administrative Agent 8688 Section 8.02 Powers and Duties 88 Section 8.03 General Immunity 8789 Section 8.04 Administrative Agent Entitled to Act as Lender 90 Section 8.05 Lenders’ Representations, Warranties and Acknowledgment 90 Section 8.06 Right to Cure 123 ARTICLE VIII THE AGENTS SECTION 8.01. Appointment 124 SECTION 8.02. Delegation of Duties 124 SECTION 8.03. Exculpatory Provisions 125 SECTION 8.04. Reliance by Agents 125 SECTION 8.05. Notice of Default 126 SECTION 8.06. Non-Reliance on Indemnity 8991 Section 8.07 Successor Administrative Agent, Collateral Agent and Other Lenders 126 SECTION 8.07. Indemnification 126 SECTION 8.08. Agents 9092 Section 8.08 Guaranty 92 Section 8.09 Actions in their Individual Capacity 127 SECTION 8.09. Successor Agents 127 SECTION 8.10. Payments Set Aside 128 SECTION 8.11. Concert 9193 Section 8.10 Withholding Taxes 93 Section 8.11 Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim 128 SECTION 8.12. Collateral and Guaranty Matters 129 SECTION 8.13. Additional Agents 129 SECTION 8.14. 94 Section 8.12 Intercreditor Agreements 94 Section 8.13 Secured Cash Management Agreements and Collateral Secured Hedge Agreements 9395 Section 8.14 Certain ERISA Matters 129 SECTION 8.15. Withholding Taxes 129 95 ARTICLE IX 9 MISCELLANEOUS SECTION 9.01. Notices9397 Section 9.01 Notices 9397 Section 9.02 Waivers; Communications 130 SECTION 9.02. Survival of Agreement 131 SECTION 9.03. Effectiveness 131 SECTION 9.04. Amendments 97100 Section 9.03 Expenses; Indemnity; Damage Waiver 99102 Section 9.04 Successors and Assigns 131 SECTION 9.05. Expenses101104 Section 9.05 Survival 105108 Section 9.06 Counterparts; Indemnity 135 SECTION 9.06. Integration; Effectiveness 106108 Section 9.07 Severability 106108 Section 9.08 Right of Set-off 136 SECTION 9.07. Applicable Law 137 SECTION 9.08. Waivers; Amendment 137 SECTION 9.09. Interest Rate Limitation 139 SECTION 9.10. Entire Agreement 140 SECTION 9.11. WAIVER OF JURY TRIAL 140 SECTION 9.12. Severability 140 SECTION 9.13. Counterparts 140 Page SECTION 9.14. Headings 140 SECTION 9.15. Jurisdiction; Consent to Service of Process 141 SECTION 9.16. Confidentiality 142 SECTION 9.17. Platform; Borrower Materials 142 SECTION 9.18. Release of Liens, Guarantees and Pledges 143 SECTION 9.19. Judgment Currency 143 SECTION 9.20. USA PATRIOT Act Notice 143 SECTION 9.21. No Advisory or Fiduciary Responsibility 144 SECTION 9.22. Affiliated Lenders 144 SECTION 9.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 145 SECTION 9.24. Flood Matters 145 Exhibits and Schedules Exhibit A Agreed Security Principles Exhibit B Form of Assignment and Acceptance Exhibit C Auction Procedures Exhibit D Form of Borrowing Request/Interest Rate Request Exhibit E Form of Swingline Borrowing Request Exhibit F-1 Form of Non-Debt Fund Affiliate Assignment and Acceptance Exhibit F-2 Form of Debt Fund Affiliate Assignment Notice Exhibit G Form of Guarantee Agreement Exhibit H Form of Collateral Agreement Schedule 1.01A Closing Date Security Documents Schedule 1.01B Subsidiary Loan Parties Schedule 2.01 Closing Date Commitments Schedule 2.01A Amendment No. 3 Effective Date Commitments Schedule 3.01 Organization and Good Standing Schedule 3.04 Governmental Approvals Schedule 3.07(b) Possession under Leases Schedule 3.07(c) Intellectual Property Schedule 3.08(a) Subsidiaries Schedule 3.08(b) Subscriptions Schedule 3.09(a) Litigation Schedule 3.09(b) Compliance with Laws Schedule 3.16 Environmental Matters Schedule 3.20 Labor Matters Schedule 3.22 Intellectual Property Schedule 3.24 Insurance Schedule 4.02(b) Local Counsel Schedule 5.10(h) Certain Collateral Matters Schedule 6.01 Indebtedness Schedule 6.02(a) Liens Schedule 6.04 Investments Schedule 6.07 Transactions with Affiliates Schedule 9.01 Notice Information CREDIT AGREEMENT dated as of April 17, 2013, as amended through November 4, 2016 (this “Agreement”), among EVERTEC INTERMEDIATE HOLDINGS, LLC (formerly known as CARIB HOLDINGS, LLC), a Puerto Rico limited liability company (“Holdings”), EVERTEC GROUP, LLC (formerly known as EVERTEC, LLC), a Puerto Rico limited liability company (“Borrower”), the Lenders party hereto from time to time and JPMORGAN CHASE BANK, N.A., as administrative agent and collateral agent for the Lenders, Swingline Lender and an L/C Issuer.Setoff 106109
Appears in 1 contract
Samples: Revolving Credit Agreement (Uber Technologies, Inc)
