ARTICLE I DEFINITIONS | |
SECTION 1.01Defined Terms ........................................................................................................................ | |
SECTION 1.02Terms Generally ..................................................................................................................... | |
SECTION 1.03Accounting Terms; GAAP; Calculation of Debt to Equity Ratio .......................................... | |
SECTION 1.04Divisions ................................................................................................................................. | |
ARTICLE II THE COMMITMENTS | |
SECTION 2.01The Loans ............................................................................................................................... | |
SECTION 2.02Letter of Credit Facility .......................................................................................................... | |
SECTION 2.03Fees ......................................................................................................................................... | |
SECTION 2.04Changes of Commitments ...................................................................................................... | |
SECTION 2.05Concerning Several and Not Joint Liability of the Borrowers ............................................... | |
SECTION 2.06Reserved ................................................................................................................................. | |
SECTION 2.07Benchmark Replacement Rate Setting ................................................................................... | |
ARTICLE III PAYMENTS | |
SECTION 3.01Repayment .............................................................................................................................. | |
SECTION 3.02Interest .................................................................................................................................... | |
SECTION 3.03[Reserved] ............................................................................................................................... | |
SECTION 3.04Interest Rate Determinations .................................................................................................. | |
SECTION 3.05Voluntary Conversion or Continuation of Loans ................................................................... | |
SECTION 3.06Prepayments of Loans ............................................................................................................ | |
SECTION 3.07Payments; Computations; Etc. ................................................................................................ | |
SECTION 3.08Sharing of Payments, Etc. ....................................................................................................... | |
SECTION 3.09Increased Costs ....................................................................................................................... | |
SECTION 3.10Illegality .................................................................................................................................. | |
SECTION 3.11Taxes ....................................................................................................................................... | |
SECTION 3.12Break Funding Payments ........................................................................................................ | |
SECTION 3.13Mitigation Obligations; Replacement of Lenders ................................................................... | |
SECTION 3.14Defaulting Lenders ................................................................................................................. | |
ARTICLE IV CONDITIONS PRECEDENT | |
SECTION 4.01Closing Conditions ................................................................................................................. | |
SECTION 4.02Conditions Precedent to Each Borrowing and Issuance ......................................................... | |
ARTICLE V REPRESENTATIONS AND WARRANTIES | |
SECTION 5.01Representations and Warranties ............................................................................................. |
ARTICLE VI COVENANTS | |
SECTION 6.01Affirmative Covenants ........................................................................................................... | |
SECTION 6.02Negative Covenants ................................................................................................................ | |
SECTION 6.03Financial Covenant ................................................................................................................. | |
ARTICLE VII EVENTS OF DEFAULT | |
SECTION 7.01Events of Default .................................................................................................................... | |
SECTION 7.02Investors’ Right to Cure ......................................................................................................... | |
ARTICLE VIII THE ADMINISTRATIVE AGENT | |
SECTION 8.01Appointment and Authority .................................................................................................... | |
SECTION 8.02Rights as a Lender .................................................................................................................. | |
SECTION 8.03Exculpatory Provisions ........................................................................................................... | |
SECTION 8.04Reliance by Administrative Agent ......................................................................................... | |
SECTION 8.05Delegation of Duties ............................................................................................................... | |
SECTION 8.06Resignation of Administrative Agent ..................................................................................... | |
SECTION 8.07Non-Reliance on Administrative Agent and Other Lenders ................................................... | |
SECTION 8.08Administrative Agent Indemnification ................................................................................... | |
SECTION 8.09No Other Duties; Etc. ............................................................................................................. | |
ARTICLE IX MISCELLANEOUS | |
SECTION 9.01Amendments, Etc. ................................................................................................................... | |
SECTION 9.02Notices, the Borrowers as Administrative Borrowers, Etc. .................................................... | |
SECTION 9.03No Waiver; Remedies; Setoff ................................................................................................. | |
SECTION 9.04Expenses; Indemnity; Damage Waiver .................................................................................. | |
SECTION 9.05Binding Effect, Successors and Assigns ................................................................................. | |
SECTION 9.06Assignments and Participations .............................................................................................. | |
SECTION 9.07GOVERNING LAW; JURISDICTION; ETC. .................................................................. | |
SECTION 9.08Severability ............................................................................................................................. | |
SECTION 9.09Counterparts; Effectiveness; Execution .................................................................................. | |
SECTION 9.10Survival ................................................................................................................................... | |
SECTION 9.11Waiver of Jury Trial ............................................................................................................... | |
SECTION 9.12Confidentiality ........................................................................................................................ | |
SECTION 9.13No Fiduciary Relationship ...................................................................................................... | |
SECTION 9.14Headings ................................................................................................................................. | |
SECTION 9.15USA PATRIOT Act ................................................................................................................ | |
SECTION 9.16Judgment Currency ................................................................................................................. | |
SECTION 9.17European Monetary Union ..................................................................................................... | |
SECTION 9.18Acknowledgement Regarding Any Supported QFCs ............................................................. |
Moody’s / S&P Rating (on stable outlook or better) | Percentage of Aggregate Facility Amount |
Baa3 / BBB- | 100% |
Ba1 / BB+ | 100% |
Ba2 / BB | 100% |
Ba3 / BB- | 100% |
B1 / B+ | 100% |
B2 / B | 100% |
B3 / B- | 85% |
Caa1 / CCC+ | 65% |
Unrated | 25% |
Caa2 / CCC or lower | 0% |
Moody’s / S&P Rating (on stable outlook or better) | Percentage of Aggregate Facility Amount |
Baa3 / BBB- | 100% |
Ba1 / BB+ | 100% |
Ba2 / BB | 100% |
Ba3 / BB- | 100% |
B1 / B+ | 100% |
B2 / B | 50% |
B3 / B- | 33% |
Caa1 / CCC+ | 25% |
Unrated | 25% |
Caa2 / CCC or lower | 0% |