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Asset Purchase Agreement
Asset Purchase Agreement (143K)
Doc #445880: Click preview link for longer preview.
ASSET PURCHASE AGREEMENT
by and among
HOLLY SUGAR CORPORATION
and
IMPERIAL SUGAR COMPANY
and
SIDNEY SUGARS INCORPORATED
Dated: October 7, 2002
Table of Contents
Page
. . .
445880
|
 Baker Botts
As referenced in this Asset Purchase Agreement:
Baker Botts – be sent to:
If to Seller, addressed to:
Imperial Sugar Company
8016 Highway 90A
Sugar Land, TX 77487
Attention: William F. Schwer
Facsimile: 281-470-9881
With a copy to
Baker Botts L.L.P.
One Shell Plaza
910 Louisiana Plaza
Houston, TX 77002-4995
Attention: J. David Kirkland, Jr.
Facsimile: 713-229-7701
If to Buyer, addressed to:
Sidney Sugars Incorporated
_____________
dt 1546881
;
|
Oppenheimer
As referenced in this Asset Purchase Agreement:
Oppenheimer Wolff – 229-7701
If to Buyer, addressed to:
Sidney Sugars Incorporated
101 North 3/rd/ Street
Moorhead, MN 56560
Attention: Joseph J. Talley
Facsimile: 218-236-4422
With a copy to:
Oppenheimer Wolff & Donnelly LLP
45 South Seventh Street, Suite 3300
Minneapolis, MN 55402
Attention: Daniel Mott
Facsimile: 612-607-7100
35
{PAGE}
or to such other place and with such other
_____________
dt 1345466
|
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Bylaws
Bylaws (31K)
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BY-LAWS
OF
IMPERIAL SUGAR COMPANY
ARTICLE I. MEETINGS OF STOCKHOLDERS
Section 1. Place of Meetings. All meetings of stockholders shall be held
at the registered office of the Company in Sugar Land, Texas, or at such other
place within or without the State of Texas as may be designated by the Board of
Directors, the President, or any other officer authorized to fix the place of
the meeting by the Board of Directors, or the officer or person calling . . .
445989
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Code of Ethics
Code of Ethics (20K)
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CODE OF ETHICS
Imperial Sugar Company together with all of its subsidiaries and controlled entities (the �Company�) believe in adherence to ethical and legal standards in the conduct of its business. Integrity, as an integral part of this belief, is a core value at the Company and associates must conduct themselves accordingly. In addition, associates are expected to conduct their outside business and personal affairs in a manner that does not conflict with the best interests of the Company. While it is impractical to describe every circumstance that could constitute improper . . .
445758
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Consulting Agreement
Consulting Agreement (11K)
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CONSULTING AGREEMENT
THIS CONSULTING AGREEMENT ("Agreement") is made by Imperial Sugar
Company ("Company") and Robert J. McLaughlin ("McLaughlin") (the "Consultant"),
this 22nd day of October, 2001.
RECITALS
A. Company is presently engaged, among other things, in the business of
manufacturing, selling, marketing, and shipping raw sugar, refined sugar, and
related by-products.
B. Consultant possesses considerable management knowledge and senior
corporate . . .
445982
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Credit Agreement
Credit Agreement (500K)
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CREDIT AGREEMENT
Dated as of December 31, 2002
among
THE FINANCIAL INSTITUTIONS NAMED HEREIN,
as the Lenders,
BANK OF AMERICA, N.A.,
as the Administrative Agent,
and
IMPERIAL SUGAR COMPANY
and
CERTAIN OF ITS SUBSIDIARIES PARTY HERETO,
. . .
445850
|
Wal-Mart Stores
As referenced in this Credit Agreement:
Wal-Mart Stores, Inc – owed by an Account Debtor, or group of affiliated Account
Debtors, which is obligated to the Obligated Parties respecting Accounts the
aggregate unpaid balance of which (i) for each of Wal-Mart Stores, Inc . and its
subsidiaries, Sysco Corporation and its subsidiaries, and Royal Ahold and its
subsidiaries, separately, exceeds fifteen percent (15%) of the aggregate unpaid
balance of all Accounts owed to
_____________
dt 1528573
;
 BofA Securities
As referenced in this Credit Agreement:
BANC OF AMERICA SECURITIES LLC – FINANCIAL INSTITUTIONS NAMED HEREIN,
as the Lenders,
BANK OF AMERICA, N.A.,
as the Administrative Agent,
and
IMPERIAL SUGAR COMPANY
and
CERTAIN OF ITS SUBSIDIARIES PARTY HERETO,
as the Borrowers
BANC OF AMERICA SECURITIES LLC ,
as Co-Lead Arranger and Book Manager
and
GENERAL ELECTRIC CAPITAL CORPORATION,
as Co-Lead Arranger and Syndication Agent
{PAGE}
TABLE OF CONTENTS
{TABLE}
{S} {C}
ARTICLE 1. LOANS
_____________
dt 1355378
;
|
BofA
As referenced in this Credit Agreement:
BANK OF AMERICA, N.A. – SEQUENCE}5
{FILENAME}dex4b.txt
{DESCRIPTION}CREDIT AGREEMENT
{TEXT}
{PAGE}
Exhibit 4(b)
CREDIT AGREEMENT
Dated as of December 31, 2002
among
THE FINANCIAL INSTITUTIONS NAMED HEREIN,
as the Lenders,
BANK OF AMERICA, N.A. ,
as the Administrative Agent,
and
IMPERIAL SUGAR COMPANY
and
CERTAIN OF ITS SUBSIDIARIES PARTY HERETO,
as the Borrowers
BANC OF AMERICA SECURITIES LLC,
as Co-Lead Arranger and Book
_____________
Bank of America, N.A. – from time to time parties hereto (such
financial institutions, together with their respective successors and assigns,
are referred to hereinafter each individually as a "Lender" and collectively as
the "Lenders"), Bank of America, N.A. , with an office at 55 South Lake Avenue,
Suite 900, Pasadena, California 91101, as administrative agent for the Lenders
(in its capacity as administrative agent, the "Agent"), and Imperial
_____________
Bank of America, N.A. – of notice by such a telecommunications device, when properly transmitted, in
each case addressed to the party to be notified as follows:
If to the Agent or to the Bank:
Bank of America, N.A.
55 South Lake Avenue, Suite 900
Pasadena, California 91101
Attention: Business Credit: URGENT
Telecopy No.: (626) 397-1275
If to any Obligated Party:
c/o Imperial Sugar Company
8016
_____________
BANK OF AMERICA, N.A. – INC.
By: /s/ William F. Schwer
-----------------------------------
Name: William F. Schwer
Title: President
SAVANNAH FOODS INDUSTRIAL, INC.
By: /s/ William F. Schwer
-----------------------------------
Name: William F. Schwer
Title: President
100
{PAGE}
AGENT:
BANK OF AMERICA, N.A. , as Agent
By: /s/ Stephen J. King
----------------------------
Name: Stephen J. King
Title: Vice President
101
{PAGE}
LENDERS:
BANK OF AMERICA, N.A.
By: /s/ Stephen J. King
----------------------------
Name: Stephen
_____________
BANK OF AMERICA, N.A. – William F. Schwer
Title: President
100
{PAGE}
AGENT:
BANK OF AMERICA, N.A., as Agent
By: /s/ Stephen J. King
----------------------------
Name: Stephen J. King
Title: Vice President
101
{PAGE}
LENDERS:
BANK OF AMERICA, N.A.
By: /s/ Stephen J. King
----------------------------
Name: Stephen J. King
Title: Vice President
Address for Notices:
Bank of America, N.A.
55 South Lake Avenue, Suite 900
Pasadena, California 91101
_____________
dt 1554424
;
BNY
As referenced in this Credit Agreement:
Bank of New York – average of the rates on overnight Federal funds transactions with members of the
Federal Reserve System arranged by Federal funds brokers on such day, as
published by the Federal Reserve Bank of New York on the Business Day next
succeeding such day; provided that (a) if such day is not a Business Day, the
Federal Funds Rate for such day shall be such rate
_____________
Bank of New York – 15(a)(i).
32
{PAGE}
"Shareholder Rights Plan" means the shareholder rights plan provided
for by the Rights Agreement dated as of December 20, 2002 between the Parent and
The Bank of New York which provides for the distribution to shareholders of
rights to purchase Capital Stock of the Parent other than Disqualified Stock (it
being agreed and understood that such agreement shall not
_____________
Bank of New
York – Tyco Escrow" means the escrow evidenced and governed by that certain
Escrow Agreement among Diamond Crystal Brands, Inc., Imperial Sugar Company,
Tyco International (US) Inc., Sunbelt Manufacturing, Inc. and The Bank of New
York dated as of December 10, 2001.
"UCC" means the Uniform Commercial Code (or any successor statute), as
in effect from time to time, of the State of Texas or of
_____________
dt 1584212
;
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Employment Agreement
Employment Agreement (54K)
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EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (the "Agreement"), is made and entered into as of
[Insert Date] (the "Effective Date"), by and between Imperial Sugar Company, a
Texas corporation (hereafter "Company") and [Name of Officer] (hereafter
"Executive"), an individual;
W I T N E S S E T H:
WHEREAS, Company shall secure the services of the Executive subject to the
terms and conditions hereafter set forth; and
WHEREAS, the Executive is willing to enter into . . .
445851
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Employment Agreement
Employment Agreement (81K)
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SPECIMEN
EMPLOYMENT AGREEMENT
--------------------
(FORM A)
THIS EMPLOYMENT AGREEMENT (the "AGREEMENT"), is made and entered into as of
the first day of March, 2000 (the "EFFECTIVE DATE"), by and between Imperial
Sugar Company, a Texas corporation (hereafter "COMPANY") and _________________
hereafter "EXECUTIVE"), an individual;
W I T N E S S E T H:
------------------- . . .
446061
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Employment Agreement
Employment Agreement (74K)
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SPECIMEN
EMPLOYMENT AGREEMENT
--------------------
(FORM B)
THIS EMPLOYMENT AGREEMENT (the "AGREEMENT"), is made and entered into as of
the first day of March, 2000 (the "EFFECTIVE DATE"), by and between Imperial
Sugar Company, a Texas corporation (hereafter "COMPANY") and ___________________
(hereafter "EXECUTIVE"), an individual;
W I T N E S S E T H:
- - - - - - - - - - . . .
446062
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Agreement
Agreement (28K)
Doc #445853: Click preview link for longer preview.
AGREEMENT
THIS AGREEMENT (this "Agreement"), made and entered into as of the [ ] day
of [ ], 200[ ] by and between IMPERIAL SUGAR COMPANY, a Texas corporation,
("Company") and [Name of Officer] ("Executive"), an individual residing in
[city/state];
W I T N E S S E T H:
WHEREAS, the Company wishes to secure the continued services of Executive
and, subject to the provisions of this Agreement, desires to provide a benefit
to Executive in the event of Executive's involuntary . . .
445853
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Press Release
Press Release (4K)
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For Immediate . . .
445651
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For Immediate Release
For Immediate Release (16K)
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[IMPERIAL SUGAR COMPANY LOGO]
FOR IMMEDIATE RELEASE
NEWS
Contact:
Mark Q. Huggins
Managing Director and
Chief Financial Officer
(281) 490-9587
Investor Relations:
Morgen-Walke Associates
. . .
446072
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Nonqualified Stock Option Award Agreement
Nonqualified Stock Option Award Agreement (14K)
Doc #445678: Click preview link for longer preview.
IMPERIAL SUGAR COMPANY LONG TERM INCENTIVE PLAN
NONQUALIFIED STOCK OPTION AWARD AGREEMENT
This Award Agreement between IMPERIAL SUGAR COMPANY, a Texas corporation, (the �Company�), and �Optionee� (the �Optionee�), an Employee or Director of the Company or one of its subsidiaries, regarding a right (the �Option�) awarded to the Optionee on �date� (the �Grant Date�) to purchase from the Company up to but not exceeding in the aggregate �shares� shares of Common Stock (as defined in the IMPERIAL SUGAR COMPANY LONG TERM INCENTIVE PLAN (the �Plan�)) at $�price� per share (the . . .
445678
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Post-Petition Credit Agreement
Post-Petition Credit Agreement (363K)
Doc #446037: Click preview link for longer preview.
POST-PETITION CREDIT AGREEMENT
among
IMPERIAL SUGAR COMPANY,
as Borrower,
THE GUARANTORS NAMED HEREIN
The Several Lenders
from Time to Time Parties Hereto
and
HARRIS TRUST AND SAVINGS BANK,
as Administrative Agent and Collateral Agent
Dated as of January 16, . . .
446037
|
BMO Nesbitt
As referenced in this Post-Petition Credit Agreement:
BMO Nesbitt Burns Corp. – Receivables Securitization Program": the receivables securitization
program established pursuant to the Receivables Purchase Agreement dated June
30, 1999, among the SPV, Imperial Distributing, Inc., the Borrower, Fairway
Finance Corporation and BMO Nesbitt Burns Corp. , as heretofore supplemented and
amended, which provides for the sale by the Permitted Sellers, without recourse,
of their Receivables for a cash consideration of not less than 70% of
_____________
dt 1425081
;
BNY
As referenced in this Post-Petition Credit Agreement:
Bank of New York, – rates on overnight federal funds transactions with members of the Federal
Reserve System arranged by federal funds brokers, as published on the next
succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day which is a Business Day, the average of the
quotations for the day of such transactions received by
_____________
Bank of New York
– H. MICHALIK
-----------------------------
Name: RICHARD H. MICHALIK
---------------------------
Title: SENIOR VICE PRESIDENT
--------------------------
-91-
{PAGE}
US Bancorp AG Credit, Inc.
By: /s/ SANDRA A. SAUER
-----------------------------
Name: SANDRA A. SAUER
---------------------------
Title: VICE PRESIDENT
--------------------------
The Bank of New York
By: /s/ RONALD R. REEDY
-----------------------------
Name: RONALD R. REEDY
---------------------------
Title: VICE PRESIDENT
--------------------------
Wells Fargo Bank (Texas), N.A.
By: /s/ DANNY OLIVER
-----------------------------
Name: DANNY OLIVER
---------------------------
Title: ASSISTANT VICE PRESIDENT
--------------------------
_____________
Bank of New York – DIP
Percentage Commitment Percentage
{S} {C} {C}
Harris Trust and Savings Bank 13% 13%
US Bancorp Ag Credit, Inc. 14% 14%
Wachovia Bank, N.A. 12.5% 12.5%
The Bank of New York 11.5% 11.5%
First Union National Bank 0% 26.285714%
Wells Fargo Bank (Texas), N.A. 5.5% 14.285714%
BDC Finance, LLC 0% 8.428571%
Rabobank Nederland
_____________
dt 1584219
;
|
First Union
As referenced in this Post-Petition Credit Agreement:
First Union National Bank
– York
By: /s/ RONALD R. REEDY
-----------------------------
Name: RONALD R. REEDY
---------------------------
Title: VICE PRESIDENT
--------------------------
Wells Fargo Bank (Texas), N.A.
By: /s/ DANNY OLIVER
-----------------------------
Name: DANNY OLIVER
---------------------------
Title: ASSISTANT VICE PRESIDENT
--------------------------
First Union National Bank
By: /s/ RON R. FERGUSON
-----------------------------
Name: RON R. FERGUSON
---------------------------
Title: SENIOR VICE PRESIDENT
--------------------------
Union Bank of California, N.A.
By: /s/ ALLISON U. BERRY
-----------------------------
Name: ALLISON U. BERRY
---------------------------
Title:
_____________
First Union National Bank – Trust and Savings Bank 13% 13%
US Bancorp Ag Credit, Inc. 14% 14%
Wachovia Bank, N.A. 12.5% 12.5%
The Bank of New York 11.5% 11.5%
First Union National Bank 0% 26.285714%
Wells Fargo Bank (Texas), N.A. 5.5% 14.285714%
BDC Finance, LLC 0% 8.428571%
Rabobank Nederland 12% 0%
Farm Credit Bank of Wichita 8.
_____________
dt 1464419
;
Lehman Brothers
As referenced in this Post-Petition Credit Agreement:
Lehman
Brothers, Inc – Agreement": shall mean that certain Amended and
Restated Credit Agreement dated as of December 22, 1997 by and between the
Borrower, the several lenders from time to time parties thereto, Lehman
Brothers, Inc ., as Arranger, Lehman Commercial Paper Inc., as Syndication Agent
and Harris Trust and Savings Bank, as Administrative Agent and Collateral Agent,
as the same has from time to time
_____________
dt 1511872
;
More... |
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Purchase and Contribution Agreement
Purchase and Contribution Agreement (13K)
Doc #446038: This document is immediately available for purchase, but does not have a preview available for viewing.
446038
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Purchase and Sale Agreement
Purchase and Sale Agreement (66K)
Doc #445607: Click preview link for longer preview.
PURCHASE AND SALE AGREEMENT
between
IMPERIAL SUGAR COMPANY
a Texas corporation,
Imperial Sweetener Distributors, Inc.
a Texas corporation,
Fort Bend Utilities
a Texas corporation,
Imperial-Savannah LP
a Delaware limited partnership,
as Sellers
and
CHEROKEE SUGAR LAND, L.P.
a Delaware limited partnership
as Purchaser
Dated: April 19, 2005
Table of Contents
. . .
445607
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Receivables Funding Agreement
Receivables Funding Agreement (9K)
Doc #445922: This document is immediately available for purchase, but does not have a preview available for viewing.
445922
| | |
| Subscribers | 2002 |
Receivables Funding Agreement
Receivables Funding Agreement (13K)
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445923
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Receivables Funding Agreement
Receivables Funding Agreement (263K)
Doc #445994: Click preview link for longer preview.
RECEIVABLES FUNDING AGREEMENT
Dated as of August 28, 2001,
by and among
IMPERIAL SUGAR SECURITIZATION, LLC
as Borrower,
IMPERIAL DISTRIBUTING, INC.,
as Servicer,
THE FINANCIAL INSTITUTIONS SIGNATORY HERETO FROM TIME TO TIME,
as Lenders
and
GENERAL ELECTRIC CAPITAL CORPORATION,
as a Lender and as Administrative Agent
{PAGE}
TABLE OF CONTENTS
-----------------
{TABLE}
{CAPTION}
Page
----
{S} {C}
ARTICLE I. DEFINITIONS AND INTERPRETATION................................................................... 1
Section 1.01. Definitions............................................................................. 1
Section 1.02. Rules of Construction................................................................... 2
ARTICLE II. AMOUNTS AND TERMS OF ADVANCES................................................................... 2
Section 2.01. Advances................................................................................ 2
Section 2.02. Optional Changes in Maximum Facility Amount............................................. 2
Section 2.03. Notices Relating to Increases and Reductions in the Outstanding Principal Amount........ 3
Section 2.04. Making of Advances...................................................................... 6
Section 2.05. Commitment Termination Date............................................................. 7
Section 2.06. Interest................................................................................ 7
Section 2.07. Fees.................................................................................... 8
Section 2.08. Time and Method of Payments............................................................. 9
Section 2.09. Capital Requirements; Additional Costs.................................................. 10
Section 2.10. Breakage Costs.......................................................................... 11
Section 2.11. Funding Excess.......................................................................... 11
ARTICLE III. CONDITIONS PRECEDENT........................................................................... 12
Section 3.01. Conditions to Effectiveness of Agreement................................................ 12
Section 3.02. Conditions Precedent to All Advances.................................................... 13
ARTICLE IV. REPRESENTATIONS AND WARRANTIES.................................................................. 15
Section 4.01. Representations and Warranties of the Borrower.......................................... 15
ARTICLE V. GENERAL COVENANTS OF THE BORROWER................................................................ 22
Section 5.01. Affirmative Covenants of the Borrower................................................... 22
Section 5.02. Reporting Requirements of the Borrower.................................................. 23
Section 5.03. Negative Covenants of the Borrower...................................................... 24
ARTICLE VI. COLLECTIONS AND DISBURSEMENTS................................................................... 26
Section 6.01. Establishment of Accounts............................................................... 26
ARTICLE VII. SERVICER PROVISIONS............................................................................ 29
Section 7.01. Appointment of the Servicer............................................................. 29
Section 7.02. Duties and Responsibilities of the Servicer............................................. 29
Section 7.03. Collections on Receivables.............................................................. 29
Section 7.04. Authorization of the Servicer........................................................... 30
Section 7.05. Servicing Fees.......................................................................... 30
Section 7.06. Representations and Warranties of the Servicer.......................................... 30
Section 7.07. Covenants of the Servicer............................................................... 33
Section 7.08. Reporting Requirements of the Servicer.................................................. 34
{/TABLE}
i
{PAGE}
{TABLE}
{S} {C}
ARTICLE VIII. GRANT OF SECURITY INTERESTS.................................................................. 34
Section 8.01. Borrower's Grant of Security Interest.................................................. 34
Section 8.02. Borrower's Certification............................................................... 35
Section 8.03. Delivery of Collateral................................................................. 36
Section 8.04. Borrower Remains Liable................................................................ 36
Section 8.05. Covenants of the Borrower and the Servicer Regarding the Borrower Collateral........... 36
ARTICLE IX. TERMINATION EVENTS............................................................................. 39
Section 9.01. Termination Events..................................................................... 39
Section 9.02. Events of Servicer Termination......................................................... 43
ARTICLE X. REMEDIES........................................................................................ 45
Section 10.01. Actions Upon Termination Event........................................................ 45
Section 10.02. Exercise of Remedies.................................................................. 47
Section 10.03. Power of Attorney..................................................................... 47
Section 10.04. Continuing Security Interest.......................................................... 47
ARTICLE XI. SUCCESSOR SERVICER PROVISIONS.................................................................. 47
Section 11.01. Servicer Not to Resign................................................................ 48
Section 11.02. Appointment of the Successor Servicer................................................. 48
Section 11.03. Duties of the Servicer................................................................ 48
Section 11.04. Effect of Termination or Resignation.................................................. 49
ARTICLE XII. INDEMNIFICATION............................................................................... 49
Section 12.01. Indemnities by the Borrower........................................................... 49
Section 12.02. Indemnities by the Servicer........................................................... 50
Section 12.03. Limitation of Damages; Indemnified Persons............................................ 51
ARTICLE XIII. ADMINISTRATIVE AGENT......................................................................... 51
Section 13.01. Authorization and Action.............................................................. 51
Section 13.02. Reliance.............................................................................. 52
Section 13.03. GE Capital and Affiliates............................................................. 52
Section 13.04. Lender Credit Decision................................................................ 52
Section 13.05. Indemnification....................................................................... 53
Section 13.06. Successor Administrative Agent........................................................ 53
Section 13.07. Setoff and Sharing of Payments........................................................ 54
ARTICLE XIV. MISCELLANEOUS................................................................................. 54
Section 14.01. Notices............................................................................... 55
Section 14.02. Binding Effect; Assignability......................................................... 55
Section 14.03. Termination; Survival of Borrower Obligations Upon Commitment Termination Date........ 57
Section 14.04. Costs, Expenses and Taxes............................................................. 58
Section 14.05. Confidentiality....................................................................... 59
Section 14.06. Complete Agreement; Modification of Agreement......................................... 60
{/TABLE}
ii
{PAGE}
{TABLE}
{S} {C}
Section 14.07. Amendments and Waivers........................................................... 60
Section 14.08. No Waiver; Remedies.............................................................. 62
Section 14.09. GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL..................... 62
Section 14.10. Counterparts..................................................................... 64
Section 14.11. Severability..................................................................... 64
Section 14.12. Section Titles................................................................... 64
Section 14.13. Limited Recourse................................................................. 64
Section 14.14. Further Assurances............................................................... 64
{/TABLE}
EXHIBITS
Exhibit 2.01(b) Form of Revolving Note
Exhibit 2.02(a) Form of Commitment Reduction Notice
Exhibit 2.02(b) Form of Commitment Termination Notice
Exhibit 2.03(a) Form of Borrowing Request
Exhibit 2.06(c) Notice of Continuation/Conversion
Exhibit 2.03(h) Form of Repayment Notice
Exhibit 5.02(a) Form of Borrowing Base Certificate
Exhibit 10.03 Form of Power of Attorney
Exhibit 14.02(b) Form of Assignment Agreement
Exhibit A Credit and Collection Policy
Schedule 4.01(b) Jurisdiction of organization/organizational number Executive
Offices; Collateral Locations; Corporate or Other Names;
Schedule 4.01(d) Litigation
Schedule 4.01(i) Tax Matters/Borrower
Schedule 4.01(q) Deposit and Disbursement Accounts/Borrower
Schedule 5.01(b) Trade Names/Borrower
Schedule 5.03(b) Existing Liens
Schedule 7.06(c) Servicer Litigation
Schedule 7.06(e) Servicer Taxes
Schedule 7.07(b) Servicer Trade Names
Annex 5.02(a) Reporting Requirements of the Borrower (including Form of
Monthly Report)
Annex W Administrative Agent's Account/Lenders' Accounts
Annex X Definitions
Annex Y Schedule of Documents
Annex Z Special Concentration Percentages
iii
{PAGE}
THIS RECEIVABLES FUNDING AGREEMENT (as amended, supplemented or
otherwise modified and in effect from time to time, the "Agreement") is entered
---------
into as of August 28, 2001 by and among IMPERIAL SUGAR SECURITIZATION, LLC, a
Delaware limited liability company (the "Borrower"), IMPERIAL DISTRIBUTING,
--------
INC., a Delaware corporation, in its capacity as servicer hereunder (in such
capacity, the "Servicer"), the financial institutions signatory hereto from time
--------
to time as lenders (the "Lenders"), and GENERAL ELECTRIC CAPITAL CORPORATION, a
-------
Delaware corporation, as a Lender and as administrative agent for the Lenders
hereunder (in such capacity, the "Administrative Agent").
--------------------
RECITALS
--------
A. The Borrower is a special purpose limited liability company the
sole member of which is Imperial - Savannah LP, a Delaware limited partnership
(the "Member"), the general partner of which is Savannah Molasses & Specialties
------
Company, a Delaware corporation which is an indirect wholly-owned subsidiary of
Imperial Sugar Company, a Texas corporation (the "Parent").
------
B. The Borrower has been formed for the purpose of purchasing, or
otherwise acquiring by capital contribution, Receivables of the Originators
party to the Sale Agreement.
C. The Borrower intends to fund its purchases of the Receivables, in
part, by borrowing Advances hereunder and pledging all of its right, title and
interest in and to the Receivables as security therefor, and, subject to the
terms and conditions hereof, the Lenders intend to make such Advances, from time
to time, as described herein.
D. The Administrative Agent has been requested and is willing to act
as administrative agent on behalf of each of the Lenders in connection with the
making and financing of such Advances.
E. In order to effectuate the purposes of this Agreement, each of
the Lenders desires to appoint Imperial Distributing, Inc. to service,
administer and collect the Receivables securing the Advances pursuant to this
Agreement and Imperial Distributing, Inc. is willing to act in such capacity as
Servicer hereunder on the terms and conditions set forth herein.
AGREEMENT
---------
NOW, THEREFORE, in consideration of the premises and the mutual
covenants hereinafter contained, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:
ARTICLE I.
DEFINITIONS AND INTERPRETATION
Section 1.01. Definitions. Capitalized terms used herein and not
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otherwise defined shall have the meanings ascribed to them in Annex X.
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Baker Botts
As referenced in this Receivables Funding Agreement:
Baker Botts, – hereunder and in accordance with (1) the terms of its
limited liability company agreement, (2) Sections 4.01(p) and (3) the
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assumptions set forth in each legal opinion of Baker Botts, L.L.P., or other
counsel to the Borrower from time to time delivered pursuant to Section 3.02(d)
of the Sale Agreement with respect to issues of
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dt 1546883
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Subscribers | 2001 | | |
BMO Nesbitt
As referenced in this Receivables Purchase Agreement:
BMO NESBITT
BURNS CORP. – of January 16, 2001
is entered into among IMPERIAL SECURITIZATION CORPORATION (the "Seller"),
IMPERIAL DISTRIBUTING, INC. ("IDI"), as Servicer, IMPERIAL SUGAR COMPANY (the
"Imperial"), FAIRWAY FINANCE CORPORATION (the "Purchaser"), and BMO NESBITT
BURNS CORP. ("Nesbitt Burns") (formerly known as NESBITT BURNS SECURITIES
INC.), as agent for Purchaser (in such capacity, together with its successors
and assigns, the "Agent").
RECITALS
WHEREAS, the parties hereto
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BMO NESBITT BURNS CORP. – By: /s/ Karen L. Mercer
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Name: Karen L. Mercer
Title: Vice President and Treasurer
FAIRWAY FINANCE CORPORATION, as Purchaser
By: /s/ Dwight Jenkins
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Name: Dwight Jenkins
Title: Vice President
{PAGE}
BMO NESBITT BURNS CORP. , as Agent
By: /s/ Jeffrey J. Phillips
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Name: Jeffrey J. Phillips
Title: Managing Director
By: /s/ James P. Walsh
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Name: James P. Walsh
Title: Managing Director
{/TEXT}
{/DOCUMENT}
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dt 1425082
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