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Credit Agreement
Credit Agreement (589K)
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CREDIT AGREEMENT
Dated as of May 15, 2003
among
BLOUNT, INC.,
DIXON INDUSTRIES, INC., FABTEK CORPORATION, FREDERICK MANUFACTURING
CORPORATION, GEAR PRODUCTS, INC. OMARK PROPERTIES, INC. and
WINDSOR FORESTRY TOOLS LLC,
as US Borrowers,
BLOUNT CANADA LTD.
as Canadian Borrower,
THE OTHER CREDIT PARTIES SIGNATORY HERETO,
as Credit Parties,
THE LENDERS SIGNATORY HERETO
FROM TIME TO TIME,
as Lenders,
GENERAL ELECTRIC CAPITAL CORPORATION,
as Administrative Agent, Collateral Agent and US Lender,
and
GENERAL ELECTRIC CAPITAL CANADA INC.,
as Canadian Administrative Agent and Canadian Lender
GECC CAPITAL MARKETS GROUP, INC.,
as Lead Arranger
LEHMAN COMMERCIAL PAPER INC.,
as Syndication Agent
==============================================================================
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TABLE OF CONTENTS
Page
1. AMOUNT AND TERMS OF CREDIT.............................................2
1.1 Credit Facilities.............................................2
1.2 Letters of Credit............................................11
1.3 Prepayments..................................................11
1.4 Use of Proceeds..............................................13
1.5 Interest and Applicable Margins..............................13
1.6 Eligible Accounts............................................18
1.7 Eligible Inventory...........................................21
1.8 Cash Management Systems......................................23
1.9 Fees.........................................................23
1.10 Receipt of Payments..........................................25
1.11 Application and Allocation of Payments.......................26
1.12 Loan Account and Accounting..................................27
1.13 Indemnity....................................................27
1.14 Access.......................................................29
1.15 Taxes........................................................30
1.16 Capital Adequacy; Increased Costs; Illegality................31
1.17 Single Loan..................................................33
2. CONDITIONS PRECEDENT..................................................33
2.1 Conditions to the Initial Loans..............................33
2.2 Further Conditions to Each Loan..............................34
3. REPRESENTATIONS AND WARRANTIES........................................35
3.1 Corporate Existence; Compliance with Law.....................35
3.2 Executive Offices, Collateral Locations, FEIN................36
3.3 Corporate Power, Authorization, Enforceable Obligations......36
3.4 Financial Statements and Projections.........................36
3.5 Material Adverse Effect......................................37
3.6 Ownership of Property; Liens.................................37
3.7 Labor Matters................................................38
3.8 Ventures, Subsidiaries and Affiliates; Outstanding Stock
and Indebtedness.............................................39
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3.9 Government Regulation........................................39
3.10 Margin Regulations...........................................39
3.11 Taxes........................................................39
3.12 ERISA, Canadian Pension and Benefit Plans....................40
3.13 No Litigation................................................41
3.14 Brokers......................................................42
3.15 Intellectual Property........................................42
3.16 Full Disclosure..............................................42
3.17 Environmental Matters........................................42
3.18 Insurance....................................................43
3.19 Deposit and Disbursement Accounts............................43
3.20 Government Contracts.........................................43
3.21 Customer and Trade Relations.................................43
3.22 Agreements and Other Documents...............................43
3.23 Solvency.....................................................44
3.24 Status of Holdings...........................................44
3.25 Subordinated Debt............................................44
3.26 Senior Debt..................................................44
4. FINANCIAL STATEMENTS AND INFORMATION..................................44
4.1 Reports and Notices..........................................44
4.2 Communication with Accountants...............................45
5. AFFIRMATIVE COVENANTS.................................................45
5.1 Maintenance of Existence and Conduct of Business.............45
5.2 Payment of Charges...........................................45
5.3 Books and Records............................................46
5.4 Insurance; Damage to or Destruction of Collateral............46
5.5 Compliance with Laws.........................................48
5.6 Supplemental Disclosure......................................49
5.7 Intellectual Property........................................49
5.8 Environmental Matters........................................49
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5.9 Landlords' Agreements, Mortgagee Agreements, Bailee Letters
and Real Estate Purchases....................................50
5.10 Further Assurances...........................................51
5.11 Canadian Pension and Benefit Plans...........................51
5.12 Minimum Excess Availability..................................52
5.13 New Subsidiaries.............................................52
6. NEGATIVE COVENANTS....................................................53
6.1 Mergers, Subsidiaries, Etc...................................53
6.2 Investments; Loans and Advances..............................56
6.3 Indebtedness.................................................58
6.4 Employee Loans and Affiliate Transactions....................60
6.5 Capital Structure and Business...............................61
6.6 Guaranteed Indebtedness......................................61
6.7 Liens........................................................61
6.8 Sale of Stock and Assets.....................................62
6.9 ERISA........................................................63
6.10 Financial Covenants..........................................63
6.11 Hazardous Materials..........................................63
6.12 Sale-Leasebacks..............................................63
6.13 Cancellation of Indebtedness.................................63
6.14 Restricted Payments..........................................63
6.15 Change of Corporate Name or Location; Change of Fiscal Year..63
6.16 No Impairment of Intercompany Transfers......................64
6.17 No Speculative Transactions..................................64
6.18 Changes Relating to Subordinated Debt; Material Contracts....64
7. TERM..................................................................65
7.1 Termination..................................................65
7.2 Survival of Obligations Upon Termination of Financing
Arrangements.................................................65
8. EVENTS OF DEFAULT; RIGHTS AND REMEDIES................................65
8.1 Events of Default............................................65
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8.2 Remedies.....................................................67
8.3 Waivers by Credit Parties....................................69
9. ASSIGNMENT AND PARTICIPATIONS; APPOINTMENT OF AGENT AND CANADIAN
AGENT.................................................................69
9.1 Assignment and Participations................................69
9.2 Appointment of Agent.........................................72
9.3 Agent's and Canadian Agent's Reliance, Etc...................73
9.4 GE Capital, GE Capital Canada and Affiliates.................74
9.5 Lender Credit Decision.......................................74
9.6 Indemnification..............................................75
9.7 Successor Agent..............................................75
9.8 Setoff and Sharing of Payments...............................76
9.9 Advances; Payments; Non-Funding Lenders; Information;
Actions in Concert...........................................77
9.10 Collateral Matters...........................................81
10. SUCCESSORS AND ASSIGNS................................................82
10.1 Successors and Assigns.......................................82
11. MISCELLANEOUS.........................................................82
11.1 Complete Agreement; Modification of Agreement................82
11.2 Amendments and Waivers.......................................83
11.3 Fees and Expenses............................................85
11.4 No Waiver....................................................86
11.5 Remedies.....................................................87
11.6 Severability.................................................87
11.7 Conflict of Terms............................................87
11.8 Confidentiality..............................................87
11.9 GOVERNING LAW................................................88
11.10 Notices......................................................89
11.11 Section Titles...............................................89
11.12 Counterparts.................................................89
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11.13 WAIVER OF JURY TRIAL.........................................89
11.14 Press Releases and Related Matters...........................89
11.15 Reinstatement................................................90
11.16 Advice of Counsel............................................90
11.17 No Strict Construction.......................................90
11.18 Currency Equivalent Generally................................90
11.19 Judgment Currency............................................90
11.20 Joint and Several Obligations................................91
12. CROSS-GUARANTY........................................................91
12.1 Cross-Guaranty...............................................91
12.2 Waivers by Borrowers.........................................92
12.3 Benefit of Guaranty..........................................92
12.4 Subordination of Subrogation, Etc............................92
12.5 Election of Remedies.........................................93
12.6 Limitation...................................................93
12.7 Contribution with Respect to Guaranty Obligations............94
12.8 Liability Cumulative.........................................94
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INDEX OF APPENDICES
Annex A (Recitals) - Definitions
Annex B (Section 1.2) - Letters of Credit
Annex C (Section 1.8) - Cash Management System
Annex D (Section 2.1(a)) - Closing Checklist
Annex E (Section 4.1(a)) - Financial Statements and Projections --
Reporting
Annex F (Section 4.1(b)) - Collateral Reports
Annex G (Section 6.10) - Financial Covenants
Annex H (Section 9.9(a)) - Lenders' Wire Transfer Information
Annex I (Section 11.10) - Notice Addresses
Annex J (from Annex A -
Commitments definition) Commitments as of Closing Date
Exhibit 1.1(a)(i)(1) - Form of Notice of US Revolving Credit Advance
Exhibit 1.1(a)(i)(2) - Form of US Revolving Note
Exhibit 1.1(a)(ii)(1) - Form of Canadian Revolving Credit Advance
Exhibit 1.1(a)(ii)(2)(x) - Form of Canadian Revolving Note - US Dollars
Exhibit 1.1(a)(ii)(2)(y) - Form of Canadian Revolving Note -
Canadian Dollars
Exhibit 1.1(b)(i) - Form of Canadian Term Note
Exhibit 1.1(b)(ii) - Form of Term Loan A
Exhibit 1.1(b)(iii)-1 - Form of Term B Note
Exhibit 1.1(b)(iii)-2 - Form of Notice of Term Loan B Advance
Exhibit 1.1(c)(ii) - Form of Swing Line Note
Exhibit 1.5(e)(i) - Form of Notice of Conversion/Continuation-LIBOR
Exhibit 1.5(e)(ii) - Form of Notice of Conversion/Continuation-BA
Rate
Exhibit 4.1(b) - Form of Borrowing Base Certificate
Exhibit 5.13 - Form of Credit Agreement Joinder Agreement
Exhibit 9.1(a) - Form of Assignment Agreement
Exhibit B-1 - Application for Standby Letter of Credit
Exhibit B-2 - Application for Documentary Letter of Credit
Schedule 1.1 - Agent's Representatives
Schedule A-1 - Shared Mortgages
Disclosure Schedule 1.4 - Sources and Uses; Funds Flow Memorandum
Disclosure Schedule 3.1 - Type of Entity; State of Organization
Disclosure Schedule 3.2 - Executive Offices, Collateral Locations, FEIN,
Organizational Identification Number
Disclosure Schedule 3.4(A) - Financial Statements
Disclosure Schedule 3.4(B) - Pro Forma
Disclosure Schedule 3.4(C) - Projections
Disclosure Schedule 3.4(D) - Fair Salable Balance Sheet
Disclosure Schedule 3.6 - Real Estate and Leases
Disclosure Schedule 3.7 - Labor Matters
Disclosure Schedule 3.8 - Ventures, Subsidiaries and Affiliates;
Outstanding Stock
Disclosure Schedule 3.11 - Tax Matters
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Disclosure Schedule 3.12 - ERISA Plans; Canadian Pension Plans; Canadian
Benefit Plans
Disclosure Schedule 3.13 - Litigation
Disclosure Schedule 3.15 - Intellectual Property
Disclosure Schedule 3.17 - Hazardous Materials
Disclosure Schedule 3.18 - Insurance
Disclosure Schedule 3.19 - Deposit and Disbursement Accounts
Disclosure Schedule 3.20 - Government Contracts
Disclosure Schedule 3.21 - Customer and Trade Relations
Disclosure Schedule 3.22 - Material Agreements
Disclosure Schedule 5.1 - Trade Names
Disclosure Schedule 6.3 - Indebtedness
Disclosure Schedule 6.4(a) - Transactions with Affiliates
Disclosure Schedule 6.7 - Existing Liens
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EXECUTION COPY
This CREDIT AGREEMENT (this "Agreement"), dated as of May 15, 2003
among BLOUNT, INC., a Delaware corporation ("Blount, Inc."), DIXON INDUSTRIES,
INC., a Kansas corporation ("Dixon"), FABTEK CORPORATION, a Michigan
corporation ("Fabtek"), FREDERICK MANUFACTURING CORPORATION, a Delaware
corporation ("Frederick Manufacturing"), GEAR PRODUCTS, INC., an Oklahoma
corporation ("Gear"), OMARK PROPERTIES, INC., an Oregon corporation ("Omark"),
WINDSOR FORESTRY TOOLS LLC, a Tennessee limited liability company ("Windsor")
(Dixon, Fabtek, Frederick Manufacturing, Gear, Windsor and Blount, Inc. are
sometimes collectively referred to herein as "US Borrowers" and individually
as "US Borrower");BLOUNT CANADA LTD., a Canadian corporation ("Canadian
Borrower", and Canadian Borrower and US Borrowers are sometimes collectively
referred to herein as "Borrowers" and individually as "Borrower"); the other
Credit Parties signatory hereto; GENERAL ELECTRIC CAPITAL CORPORATION, a
Delaware corporation (in its individual capacity, "GE Capital"), for itself,
as US Lender, Collateral Agent for all "Secured Parties" under and as defined
in the Collateral Agency Agreement, as Agent for US Lenders with respect to
Loans and other credit made available to US Borrowers and as Agent for all
Lenders with respect to all US Collateral that is Non-Shared Collateral, the
other US Lenders party hereto from time to time, GENERAL ELECTRIC CAPITAL
CANADA INC., a Canadian corporation ("GE Capital Canada"), for itself and as
Canadian Agent for Canadian Lenders, and the other Canadian Lenders party
hereto from time to time.
RECITALS
WHEREAS, US Borrowers have requested that US Lenders extend
revolving and term credit facilities to US Borrowers of up to One Hundred
Eighty-One Million US Dollars ($181,000,000) in the aggregate for the purpose
of refinancing certain indebtedness of US Borrowers and to provide (a) working
capital financing for US Borrowers, (b) funds for other general corporate
purposes of US Borrowers and (c) funds for other purposes permitted hereunder;
and for these purposes, US Lenders are willing to make certain loans and other
extensions of credit to US Borrowers of up to such amount upon the terms and
conditions set forth herein; and
WHEREAS, Canadian Borrower has requested that Canadian Lenders
extend revolving and term credit facilities to Canadian Borrower of up to the
US Dollar Amount of Nine Million US Dollars ($9,000,000) in the aggregate to
provide (a) working capital financing for Canadian Borrower, (b) funds for
other general corporate purposes of Canadian Borrower and (c) funds for other
purposes permitted hereunder; and for these purposes, Canadian Lenders are
willing to make certain loans and other extensions of credit to Canadian
Borrower of up to such amount upon the terms and conditions set forth herein;
and
WHEREAS, US Borrowers have agreed to secure all of their obligations
and the obligations of Canadian Borrower under the Loan Documents by granting
to (a) Collateral Agent, for the benefit of the "Secured Parties" under and as
defined in the Collateral Agency Agreement, a security interest in and lien
upon all of the Shared Collateral and (b) Agent, for the benefit of itself,
396372
|
Alliant
As referenced in this Credit Agreement:
Alliant Techsystems Inc – or (i) the termination of a Plan described
in Section 4064 of ERISA.
"Escrow Agreement" means that certain Escrow Agreement dated as of
December 7, 2001 among Holdings, Blount, Inc., Alliant Techsystems Inc . and JP
Morgan Chase Bank.
"ESOP" means a Plan that is intended to satisfy the requirements of
Section 4975(e)(7) of the IRC.
"Event of Default" has the
_____________
Alliant Techsystems Inc – 2 Business
Days after receipt of any claim, Blount, Inc. shall provide to Agent a report
of any claims (and any payments made by Blount, Inc. in connection therewith)
of Alliant Techsystems Inc . pursuant to the purchase documents executed in
connection with the December 2001 sale of the sporting equipment segment of
Blount, Inc. In addition, Blount, Inc. shall notify Agent when
_____________
dt 1483094
;
Blount Int'l
As referenced in this Credit Agreement:
Blount International, Inc – obligations under the Loan Documents by granting to Canadian Agent, for the
benefit of itself and Canadian Lenders, a security interest in and lien upon
the Canadian Collateral; and
WHEREAS, Blount International, Inc ., a Delaware corporation
("Holdings") is willing to guarantee all of the obligations of Borrowers to
Agent, Canadian Agent and Lenders under the Loan Documents and to pledge to
the
_____________
BLOUNT INTERNATIONAL, INC – Title: Vice President - Region
Credit Manager
S-8
{PAGE}
The following Persons are signatories to this Agreement in their
capacity as Credit Parties and not as Borrowers.
US CREDIT PARTIES:
BLOUNT INTERNATIONAL, INC ., a
Delaware corporation
By: /s/ Richard H. Irving, III
----------------------------------
Name: Richard H. Irving, III
Title: Sr. Vice President
BI, L.L.C., a Delaware limited
liability company
By: Blount,
_____________
dt 1373454
;
Caterpillar
As referenced in this Credit Agreement:
Caterpillar Inc – such Account, together with all other
Accounts owing by such Account Debtor and its Affiliates (other than
Electrolux and its Affiliates, including, without limitation, the Husqvarna
division of Electrolux, and Caterpillar Inc . and its Affiliates) as of any
date of determination exceed 10% of all Eligible Accounts or, with respect to
Electrolux and its Affiliates or Caterpillar Inc. and its Affiliates,
_____________
Caterpillar Inc – division of Electrolux, and Caterpillar Inc. and its Affiliates) as of any
date of determination exceed 10% of all Eligible Accounts or, with respect to
Electrolux and its Affiliates or Caterpillar Inc . and its Affiliates, 15% of
all Eligible Accounts;
(r) that is payable in any currency other than US Dollars or, with
respect to any Account of Canadian Borrower, Canadian
_____________
Caterpillar Inc – in any event,
including all contracts, undertakings, or agreements (other than (i) that
certain Marketing, Cooperation and Trademark Licensing Agreement dated as of
March 11, 2003 between Blount, Inc. and Caterpillar Inc ., (ii) that certain
Supply Agreement dated as of March 11, 2003 between Blount, Inc. and
Caterpillar Inc. and (iii) rights evidenced by Chattel Paper, Documents or
Instruments) in or
_____________
Caterpillar Inc – Trademark Licensing Agreement dated as of
March 11, 2003 between Blount, Inc. and Caterpillar Inc., (ii) that certain
Supply Agreement dated as of March 11, 2003 between Blount, Inc. and
Caterpillar Inc . and (iii) rights evidenced by Chattel Paper, Documents or
Instruments) in or under which any Credit Party may now or hereafter have any
right, title or interest, including any
_____________
dt 1552790
;
|
 BofA
As referenced in this Credit Agreement:
Bank of America, N.A. – means that certain Credit Agreement dated
as of August 19, 1999 among Blount, Inc., as Borrower, the Prior Lender and
the other parties thereto, as heretofore amended.
"Prior Lender" means Bank of America, N.A. , as administrative agent
for a group of lenders under the Prior Credit Agreement.
"Prior Lender Obligations" means the "Obligations" under and as
defined in the Prior Credit Agreement.
"Pro
_____________
dt 1554143
;
Nova Scotia
As referenced in this Credit Agreement:
Bank of Nova Scotia, – Rate means the rate of interest determined by
Canadian Agent that is equal to the arithmetic mean (rounded upwards to the
nearest basis point) of the rates quoted by The Bank of Nova Scotia, Royal
Bank of Canada and Canadian Imperial Bank of Commerce in respect of Canadian
Dollar bankers' acceptances with a term comparable to such BA Period. No
adjustment shall be
_____________
Bank of Nova Scotia, – of (i) the annual rate of interest determined by Canadian Agent
which is equal to the highest annual rate of interest announced from time to
time by any of The Bank of Nova Scotia, Royal Bank of Canada and Canadian
Imperial Bank of Commerce, as being its reference rate in effect on such date
(or if such date is not a Business Day,
_____________
dt 1340103
;
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Credit Agreement
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Credit Agreement
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$350,000,000
CREDIT AGREEMENT
DATED AS OF JUNE 29, 2001
AMONG
HARNISCHFEGER INDUSTRIES, INC.
as Borrower,
THE LENDERS LISTED HEREIN,
as Lenders,
BANKERS TRUST COMPANY,
as Agent,
HELLER FINANCIAL, INC.
and
FLEET CAPITAL CORPORATION,
as Co-Syndication Agents,
CIT GROUP/BUSINESS CREDIT,
as Documentation Agent
and
DEUTSCHE BANC ALEX. BROWN INC.,
as Lead Arranger and Sole Book Running Manager
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Section 1. DEFINITIONS.......................................................................... 2
1.1 Certain Defined Terms................................................................ 2
1.2 Accounting Terms; Utilization of GAAP for Purposes of Calculations Under
Agreement............................................................................ 47
1.3 Other Definitional Provisions........................................................ 48
Section 2. AMOUNTS AND TERMS OF COMMITMENTS AND LOANS........................................... 48
2.1 Commitments; Making of Loans; the Register; Notes.................................... 48
2.2 Interest on the Loans................................................................ 55
2.3 Fees................................................................................. 60
2.4 Repayments, Scheduled Reductions of Revolving Loan Commitments; Prepayments
and Reductions in Revolving Loan Commitments; General Provisions Regarding
Payments; Application of Proceeds of Collateral and Payments Under Guaranties........ 60
2.5 Use of Proceeds...................................................................... 70
2.6 Special Provisions Governing Eurodollar Rate Loans................................... 71
2.7 Increased Costs; Taxes; Capital Adequacy............................................. 73
2.8 Statement of Lenders; Obligation of Lenders and Issuing Lenders to Mitigate.......... 77
2.9 Replacement of a Lender.............................................................. 77
2.10 Collection, Deposit and Transfer of Payments in Respect of Accounts of
Borrower and Domestic Subsidiaries; Other Matters Concerning Accounts................ 78
2.11 Collection, Deposit and Transfer of Payments in Respect of Accounts of Foreign
Subsidiaries......................................................................... 80
Section 3. LETTERS OF CREDIT.................................................................... 81
3.1 Issuance of Letters of Credit and Lenders' Purchase of Participations Therein........ 81
3.2 Letter of Credit Fees................................................................ 83
3.3 Drawings and Reimbursement of Amounts Drawn Under Letters of Credit.................. 84
3.4 Obligations Absolute................................................................. 87
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3.5 Indemnification; Nature of Issuing Lenders' Duties.................................. 88
Section 4. CONDITIONS TO LOANS AND LETTERS OF CREDIT........................................... 89
4.1 Conditions to Term Loans and Initial Revolving Loans................................ 89
4.2 Conditions to All Loans............................................................. 98
4.3 Conditions to Letters of Credit..................................................... 98
Section 5. BORROWER'S REPRESENTATIONS AND WARRANTIES........................................... 99
5.1 Organization, Powers, Qualification, Good Standing, Business and Subsidiaries....... 99
5.2 Authorization of Borrowing, etc..................................................... 100
5.3 Financial Condition................................................................. 101
5.4 No Material Adverse Change; No Restricted Junior Payments........................... 101
5.5 Title to Properties; Liens; Real Property........................................... 101
5.6 Litigation; Violation of Law........................................................ 102
5.7 Payment of Taxes.................................................................... 102
5.8 Performance of Agreements; Materially Adverse Agreements; Material Contracts........ 103
5.9 Governmental Regulation............................................................. 103
5.10 Securities Activities............................................................... 103
5.11 Employee Benefit Plans.............................................................. 104
5.12 Certain Fees........................................................................ 104
5.13 Environmental Protection............................................................ 104
5.14 Employee Matters.................................................................... 105
5.15 Solvency............................................................................ 105
5.16 Matters Relating to Collateral...................................................... 105
5.17 Disclosure.......................................................................... 106
5.18 Representations and Warranties in Related Agreements................................ 107
5.19 Permits............................................................................. 107
5.20 Matters Relating to Company Bankruptcy Proceedings.................................. 107
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Section 6. BORROWER'S AFFIRMATIVE COVENANTS.................................................... 108
6.1 Financial Statements and Other Reports.............................................. 108
6.2 Existence, etc...................................................................... 114
6.3 Payment of Taxes and Claims; Tax.................................................... 114
6.4 Maintenance of Properties; Insurance; Application of Net Insurance/
Condemnation Proceeds............................................................... 114
6.5 Inspection; Lender Meeting; UK Restructuring Presentation........................... 116
6.6 Compliance with Laws, etc........................................................... 117
6.7 Environmental Disclosure and Inspection............................................. 117
6.8 Borrower's Remedial Action Regarding Hazardous Materials............................ 118
6.9 Execution of Loan Documents and Personal Property Collateral Documents and
Registration of Certain Collateral After the Closing Date........................... 119
6.10 Matters Relating to Additional Real Property Collateral; Headquarters Sale.......... 120
6.11 Revised UCC Article 9............................................................... 121
Section 7. BORROWER'S NEGATIVE COVENANTS....................................................... 122
7.1 Indebtedness........................................................................ 122
7.2 Liens and Related Matters........................................................... 124
7.3 Investments; Acquisitions........................................................... 125
7.4 Contingent Obligations.............................................................. 126
7.5 Restricted Junior Payments.......................................................... 127
7.6 Financial Covenants................................................................. 127
7.7 Restriction on Fundamental Changes; Asset Sales..................................... 129
7.8 Consolidated Capital Expenditures................................................... 130
7.9 Restriction on Leases............................................................... 131
7.10 Sales and Lease-Backs............................................................... 131
7.11 Sale or Discount of Receivables..................................................... 131
7.12 Transactions with Shareholders and Affiliates....................................... 131
7.13 Disposal of Subsidiary Stock........................................................ 132
7.14 Conduct of Business................................................................. 132
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7.15 Amendments or Waivers of Certain Agreements; Amendments of Documents Relating
to Subordinated Indebtedness........................................................ 132
7.16 Fiscal Year......................................................................... 133
7.17 Deposit Accounts.................................................................... 133
7.18 Restrictions on HULC................................................................ 133
Section 8. EVENTS OF DEFAULT................................................................... 133
8.1 Failure to Make Payments When Due................................................... 134
8.2 Default in Other Agreements......................................................... 134
8.3 Breach of Certain Covenants......................................................... 134
8.4 Breach of Warranty.................................................................. 134
8.5 Other Defaults Under Loan Documents................................................. 135
8.6 Involuntary Bankruptcy; Appointment of Receiver, etc................................ 135
8.7 Voluntary Bankruptcy; Appointment of Receiver, etc.................................. 135
8.8 Judgments and Attachments........................................................... 136
8.9 Dissolution......................................................................... 136
8.10 Employee Benefit Plans.............................................................. 136
8.11 Change in Control................................................................... 136
8.12 Invalidity of Any Guaranty.......................................................... 136
8.13 Failure of Security................................................................. 137
8.14 Failure to Consummate Reorganization and Other Transactions......................... 137
Section 9. AGENT............................................................................... 138
9.1 Appointment......................................................................... 138
9.2 Powers and Duties; General Immunity................................................. 139
9.3 Independent Investigation by Lenders; No Responsibility For Appraisal of
Creditworthiness.................................................................... 140
9.4 Right to Indemnity.................................................................. 141
9.5 Successor Agent..................................................................... 141
9.6 Collateral Documents and Guaranties................................................. 141
9.7 Agent May File Proofs of Claim...................................................... 142
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Section 10. MISCELLANEOUS........................................................................ 143
10.1 Successors and Assigns; Assignments and Participations in Loans and Letters of
Credit............................................................................... 143
10.2 Expenses............................................................................. 146
10.3 Indemnity........................................................................... 147
10.4 Set-Off; Security Interest in Deposit Accounts...................................... 148
10.5 Ratable Sharing..................................................................... 148
10.6 Amendments and Waivers.............................................................. 149
10.7 Independence of Covenants........................................................... 150
10.8 Notices; Effectiveness of Signatures................................................ 150
10.9 Survival of Representations, Warranties and Agreements.............................. 151
10.10 Failure or Indulgence Not Waiver; Remedies Cumulative............................... 151
10.11 Marshalling; Payments Set Aside..................................................... 151
10.12 Severability........................................................................ 152
10.13 Obligations Several; Independent Nature of Lenders' Rights.......................... 152
10.14 Headings............................................................................ 152
10.15 Applicable Law...................................................................... 152
10.16 Construction of Agreement; Nature of Relationship................................... 153
10.17 Consent to Jurisdiction and Service of Process...................................... 153
10.18 Waiver of Jury Trial................................................................ 154
10.19 Confidentiality..................................................................... 154
10.20 Counterparts; Effectiveness......................................................... 155
10.21 Judgment Currency................................................................... 155
{/TABLE}
-v-
{PAGE}
EXHIBITS
I FORM OF NOTICE OF BORROWING
II FORM OF NOTICE OF CONVERSION/CONTINUATION
III FORM OF REQUEST FOR ISSUANCE OF LETTER OF CREDIT
IV-A FORM OF REVOLVING NOTE
IV-B FORM OF TERM NOTE
V FORM OF INTERCOMPANY NOTE
VI FORM OF COMPLIANCE CERTIFICATE
VII FORM OF BORROWING BASE CERTIFICATE
VIII FORM OF OPINION OF COMPANY COUNSEL
IX FORM OF OPINION OF O'MELVENY & MYERS
X FORM OF ASSIGNMENT AGREEMENT
XI FORM OF BLOCKED ACCOUNT AGREEMENT
XII FORMS OF COLLATERAL ACCESS AGREEMENT
XIII FORM OF LOCK BOX AGREEMENT
XIV FORM OF SECURITY AGREEMENT
XV FORM OF GUARANTY
XVI FORM OF ENVIRONMENTAL INDEMNITY
SCHEDULES
2.1 LENDERS' COMMITMENTS AND PRO RATA SHARES
4.1M CLOSING DATE MORTGAGED PROPERTIES
5.1 SUBSIDIARIES OF BORROWER
5.5B REAL PROPERTY ASSETS
5.5C INTELLECTUAL PROPERTY
5.6 LITIGATION
5.8 MATERIAL CONTRACTS
5.13 ENVIRONMENTAL MATTERS
7.1 CERTAIN EXISTING INDEBTEDNESS
7.2 CERTAIN EXISTING LIENS
7.3 CERTAIN EXISTING INVESTMENTS
7.4 CERTAIN CONTINGENT OBLIGATIONS
-vi-
{PAGE}
CREDIT AGREEMENT
----------------
This CREDIT AGREEMENT is dated as of June 29, 2001 and entered into by
and among HARNISCHFEGER INDUSTRIES, INC., a Delaware corporation ("Borrower"),
THE FINANCIAL INSTITUTIONS LISTED ON THE SIGNATURE PAGES HEREOF (each
individually referred to herein as a "Lender" and collectively as "Lenders") and
BANKERS TRUST COMPANY ("BTCo"), as administrative agent for Lenders (in such
capacity, "Agent").
R E C I T A L S
WHEREAS, pursuant to the Confirmation Order (this, and other initially
capitalized terms used but not defined in these Recitals, being used as defined
in Section 1.1 below), Borrower and Debtor Subsidiaries have been reorganized in
and have emerged from the Company Bankruptcy Proceeding; and
WHEREAS, upon this Agreement becoming effective in accordance with its
terms, the Plan of Reorganization will become effective in accordance with its
terms; and
WHEREAS, Borrower desires that Lenders extend certain credit
facilities to Borrower, the proceeds of which will be used, among other things,
to make certain cash payments with respect to certain prepetition claims in the
Company Bankruptcy Proceeding, to refinance the DIP Facility and to replace
outstanding letters of credit thereunder and under other credit facilities, to
refinance certain other Indebtedness, to make certain intercompany loans and
loans to Beloit as described below, and for working capital and other general
corporate purposes of Borrower and its Subsidiaries, all in accordance with the
terms and provisions herein; and
WHEREAS, Borrower has agreed to secure its Obligations hereunder and
under the other Loan Documents by granting to Agent, on behalf of Lenders, among
other things, a First Priority Lien on substantially all of its real, personal
and mixed property located in any Approved Jurisdiction, including a pledge of
all of the capital stock and other ownership interests of its Domestic
Subsidiaries and 66% of the capital stock and other ownership interests of its
first tier Foreign Subsidiaries; and
WHEREAS, each Domestic Subsidiary (other than Immaterial Subsidiaries)
has agreed to guarantee the Obligations hereunder and under the other Loan
Documents and to secure its guaranty by granting to Agent, on behalf of Lenders,
among other things, a First Priority Lien on substantially all of its real,
personal and mixed property located in any Approved Jurisdiction, including a
pledge of all of the capital stock and other ownership interests
{PAGE}
of its Domestic Subsidiaries and 66% of the capital stock and other ownership
interests of its first tier Foreign Subsidiaries; and
WHEREAS, the Australian Loan Parties, the Canadian Loan Parties and
the UK Loan Parties have each requested Borrower to make available certain
credit extensions to such Foreign Loan Parties, including the proceeds of the
426732
|
BNY
As referenced in this Credit Agreement:
Bank of New York, – System arranged by Federal funds brokers, as published for such day (or,
if such day is not a Business Day, for the next preceding 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 such day on such
transactions received by
_____________
dt 1584131
;
Chase Manhattan
As referenced in this Credit Agreement:
Chase
Manhattan Bank, – amended through the Closing
Date, entered into by and among Borrower and Debtor Subsidiaries, each as a
Debtor and a Debtor-in-Possession under Chapter 11 of the Bankruptcy Code, Chase
Manhattan Bank, the other Banks named therein, and Chase Securities, Inc.
"Disclosure Statement" means that certain Third Amended Disclosure
Statement for Joint Plan of Reorganization of Harnischfeger Industries, Inc., et
al.,
_____________
dt 1425767
;
|
Chase Securities
As referenced in this Credit Agreement:
Chase Securities, Inc – among Borrower and Debtor Subsidiaries, each as a
Debtor and a Debtor-in-Possession under Chapter 11 of the Bankruptcy Code, Chase
Manhattan Bank, the other Banks named therein, and Chase Securities, Inc .
"Disclosure Statement" means that certain Third Amended Disclosure
Statement for Joint Plan of Reorganization of Harnischfeger Industries, Inc., et
al., under Chapter 11 of the Bankruptcy Code.
"Dollar Equivalents"
_____________
dt 1522048
;
Deutsche Banc
As referenced in this Credit Agreement:
DEUTSCHE BANC ALEX. BROWN INC – THE LENDERS LISTED HEREIN,
as Lenders,
BANKERS TRUST COMPANY,
as Agent,
HELLER FINANCIAL, INC.
and
FLEET CAPITAL CORPORATION,
as Co-Syndication Agents,
CIT GROUP/BUSINESS CREDIT,
as Documentation Agent
and
DEUTSCHE BANC ALEX. BROWN INC .,
as Lead Arranger and Sole Book Running Manager
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page
{S} {C}
Section 1. DEFINITIONS.......................................................................... 2
1.1 Certain Defined Terms................................................................ 2
1.2
_____________
Deutsche Banc Alex. Brown Inc – d) Australia.
"Approved Plan of Reorganization" means the Plan of Reorganization in
the form, without material modification, amendment or revision, approved by
Agent pursuant to Section 4.1P.
"Arranger" means Deutsche Banc Alex. Brown Inc ., as lead arranger and
sole book running manager.
"Asset Sale" means the sale by Borrower or any of its Subsidiaries to
any Person other than Borrower or a Guarantor
_____________
dt 1434794
;
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Five-Year Credit Agreement
Five-Year Credit Agreement (306K)
Doc #426799: Click preview link for longer preview.
EXECUTION VERSION
DEERE & COMPANY
JOHN DEERE CAPITAL CORPORATION
$625,000,000
FIVE-YEAR
CREDIT AGREEMENT
Dated as of February 15, 2005
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent
CITIBANK, N.A.,
as a Documentation Agent
CREDIT SUISSE FIRST BOSTON,
as a Documentation Agent
MERRILL LYNCH BANK USA,
as Co-Documentation Agent
BANK OF AMERICA, N.A.,
as a Syndication Agent
DEUTSCHE BANK AG NEW YORK BRANCH,
as a Syndication Agent
. . .
426799
|
Citibank
As referenced in this Five-Year Credit Agreement:
CITIBANK, N.A. – EXECUTION VERSION
DEERE & COMPANY
JOHN DEERE CAPITAL CORPORATION
$625,000,000
FIVE-YEAR
CREDIT AGREEMENT
Dated as of February 15, 2005
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent
CITIBANK, N.A. ,
as a Documentation Agent
CREDIT SUISSE FIRST BOSTON,
as a Documentation Agent
MERRILL LYNCH BANK USA,
as Co-Documentation Agent
BANK OF AMERICA, N.A.,
as a Syndication Agent
_____________
CITIBANK, N.A. – the Banks, and individually, a Bank), (d) JPMORGAN CHASE BANK, N.A., as administrative agent hereunder (in such capacity, together with its successors and permitted assigns, the Administrative Agent), (e) CITIBANK, N.A. and CREDIT SUISSE FIRST BOSTON, as documentation agents hereunder (in such capacity, the Documentation Agents), (f) MERRILL LYNCH BANK USA, as co-documentation agent hereunder (in such capacity, the
_____________
Citibank, N.A. – 250,000,000 364-Day Credit Agreement, dated as of February 17, 2004, as supplemented, among the Borrowers, the lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A. and Credit Suisse First Boston, as Documentation Agents, Merrill Lynch Bank USA, as Co-Documentation Agent, Bank of America, N.A. and Deutsche Bank AG New York Branch, as
_____________
CITIBANK, N.A. – Randolph Cates
Title:
RANDOLPH CATES
VICE PRESIDENT
136
BANK OF AMERICA, N.A.,
as a Syndication Agent and as a Bank
By:
/s/ Jeffrey Armitage
Title: Senior Vice President
137
CITIBANK, N.A. ,
as a Documentation Agent
By:
/s/ [ILLEGIBLE]
Title: Vice President
CITICORP USA
as a Bank
By:
/s/ John Coors
Title: Director
138
CREDIT SUISSE FIRST BOSTON, acting through
its
_____________
CITIBANK, N.A. – Five-Year Credit Agreement, dated as of February 15, 2005, among DEERE & COMPANY, JOHN DEERE CAPITAL CORPORATION, the Banks parties thereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, CITIBANK, N.A. and CREDIT SUISSE FIRST BOSTON, as Documentation Agents, MERRILL LYNCH BANK USA, as Co-Documentation Agent, and BANK OF AMERICA, N.A. and DEUTSCHE BANK AG NEW YORK BRANCH,
_____________
dt 1478515
;
Banco Bilbao
As referenced in this Five-Year Credit Agreement:
BANCO BILBAO VIZCAYA ARGENTARIA, S – s/ Robert J. Mitchell, Jr.
Title: FIRST VICE PRESIDENT
146
BARCLAYS BANK PLC,
as a Bank
By:
/s/ Nicholas A. Bell
Title:
NICHOLAS A. BELL
DIRECTOR
LOAN TRANSACTION MANAGEMENT
147
BANCO BILBAO VIZCAYA ARGENTARIA, S .A.,
as a Bank
By:
/s/ Philip A Paddack
Title:
Philip A Paddack
Senior Vice President
and Branch Manager
By:
/s/ Anne-Maureen Sarfati
Title:
Anne-Maureen Sarfati
Vice
_____________
Banco Bilbao Vizcaya Argentaria, S – Facsimile: (312) 977-1380
163
Mellon Bank, N.A.
Attention: Richard Bouchard
522 William Penn Place
Room 1203
Pittsburgh, Pennsylvania 15259-003
Telephone: (412) 234-5767
Facsimile: (412) 209-6124
Banco Bilbao Vizcaya Argentaria, S .A.
Attention: Jay Levit
1345 Avenue of the Americas, 45th Floor
New York, New York 10105
Telephone: (212) 728-1590
Facsimile: (212) 333-2904
The Bank of New York
_____________
dt 1320473
;
|
BofA
As referenced in this Five-Year Credit Agreement:
BANK OF AMERICA, N.A. – CHASE BANK, N.A.,
as Administrative Agent
CITIBANK, N.A.,
as a Documentation Agent
CREDIT SUISSE FIRST BOSTON,
as a Documentation Agent
MERRILL LYNCH BANK USA,
as Co-Documentation Agent
BANK OF AMERICA, N.A. ,
as a Syndication Agent
DEUTSCHE BANK AG NEW YORK BRANCH,
as a Syndication Agent
J.P. MORGAN SECURITIES INC.,
as Lead Arranger and Bookrunner
71
TABLE OF CONTENTS
SECTION
_____________
BANK OF AMERICA, N.A. – BOSTON, as documentation agents hereunder (in such capacity, the Documentation Agents), (f) MERRILL LYNCH BANK USA, as co-documentation agent hereunder (in such capacity, the Co-Documentation Agent), and (g) BANK OF AMERICA, N.A. and DEUTSCHE BANK AG NEW YORK BRANCH, as syndication agents hereunder (in such capacity, the Syndication Agents).
The parties hereto hereby agree as follows:
SECTION 1. DEFINITIONS
1.1
_____________
Bank of America, N.A. – Company assigned by Moodys.
Purchasing Banks: as defined in subsection 10.5(d).
Re-Allocation Date: as defined in subsection 2.20(e).
Reference Banks: JPMorgan Chase Bank, N.A., Bank of America, N.A. and Deutsche Bank AG New York Branch.
Register: as defined in subsection 10.5(e).
84
Report Period: as defined in subsection 2.18.
Reportable Event: any of the
_____________
Bank of America, N.A. – lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A. and Credit Suisse First Boston, as Documentation Agents, Merrill Lynch Bank USA, as Co-Documentation Agent, Bank of America, N.A. and Deutsche Bank AG New York Branch, as Syndication Agents, shall have
110
been terminated in full and the outstanding principal amount of the indebtedness thereunder and all other
_____________
BANK OF AMERICA, N.A. – s/ Michael J. Mack, Jr.
Title:
Title:
135
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and as a Bank
By:
/s/ Randolph Cates
Title:
RANDOLPH CATES
VICE PRESIDENT
136
BANK OF AMERICA, N.A. ,
as a Syndication Agent and as a Bank
By:
/s/ Jeffrey Armitage
Title: Senior Vice President
137
CITIBANK, N.A.,
as a Documentation Agent
By:
/s/ [ILLEGIBLE]
Title: Vice
_____________
dt 1554373
;
BNY
As referenced in this Five-Year Credit Agreement:
Bank of New York, – any information, document or report required to be filed with the Trustee pursuant to Section 7.03 of the Indenture dated March 15, 1997, between the Capital Corporation and The Bank of New York, as trustee.
5.5 Notice of Default. Such Borrower shall promptly give notice to the Administrative Agent of the occurrence of any Default or Event of Default, which notice
_____________
BANK OF NEW YORK, – s/ Philip A Paddack
Title:
Philip A Paddack
Senior Vice President
and Branch Manager
By:
/s/ Anne-Maureen Sarfati
Title:
Anne-Maureen Sarfati
Vice President
Global Corporate Banking
148
THE BANK OF NEW YORK,
as a Bank
By:
/s/ John M. Lokay
Title:
JOHN M. LOKAY
VICE PRESIDENT
149
WACHOVIA BANK, N.A.,
as a Bank
By:
/s/ Nathan Rantala
Title:
Vice President
_____________
Bank of New York
– 500,000
BNP Paribas
$
25,000,000
Mellon Bank, N.A.
$
25,000,000
Barclays Bank PLC
$
21,875,000
Banca Bilbao Vizcaya Argentaria, S.A.
$
18,750,000
The Bank of New York
$
18,750,000
Wachovia Bank, N.A.
$
18,750,000
Wells Fargo Bank, National Association
$
9,375,000
Banca Nazionale del Lavoro S.P.A., New York Branch
$
6,
_____________
Bank of New York
– Banco Bilbao Vizcaya Argentaria, S.A.
Attention: Jay Levit
1345 Avenue of the Americas, 45th Floor
New York, New York 10105
Telephone: (212) 728-1590
Facsimile: (212) 333-2904
The Bank of New York
Attention: John Lokay
One Wall Street, 21st Floor
New York, New York 10286
Telephone: (212) 635-1172
Facsimile: (212) 635-1970
Barclays Bank PLC
Attention: John Giannone
200 Park
_____________
dt 1584132
;
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| Preview
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364-Day Credit Agreement
364-Day Credit Agreement (304K)
Doc #426800: Click preview link for longer preview.
Exhibit 4.2
DEERE & COMPANY
JOHN DEERE CAPITAL CORPORATION
$625,000,000
364-DAY
CREDIT AGREEMENT
Dated as of February 15, 2005
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent
CITIBANK, N.A.,
as a Documentation Agent
CREDIT SUISSE FIRST BOSTON,
as a Documentation Agent
MERRILL LYNCH BANK USA,
as Co-Documentation Agent
BANK OF AMERICA, N.A.,
as a Syndication Agent
DEUTSCHE BANK AG NEW YORK BRANCH,
as a . . .
426800
|
Citibank
As referenced in this 364-Day Credit Agreement:
CITIBANK, N.A. – 4.2
DEERE & COMPANY
JOHN DEERE CAPITAL CORPORATION
$625,000,000
364-DAY
CREDIT AGREEMENT
Dated as of February 15, 2005
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent
CITIBANK, N.A. ,
as a Documentation Agent
CREDIT SUISSE FIRST BOSTON,
as a Documentation Agent
MERRILL LYNCH BANK USA,
as Co-Documentation Agent
BANK OF AMERICA, N.A.,
as a Syndication Agent
_____________
CITIBANK, N.A. – the Banks, and individually, a Bank), (d) JPMORGAN CHASE BANK, N.A., as administrative agent hereunder (in such capacity, together with its successors and permitted assigns, the Administrative Agent), (e) CITIBANK, N.A. and CREDIT SUISSE FIRST BOSTON, as documentation agents hereunder (in such capacity, the Documentation Agents), (f) MERRILL LYNCH BANK USA, as co-documentation agent hereunder (in such capacity, the
_____________
Citibank, N.A. – 250,000,000 364-Day Credit Agreement, dated as of February 17, 2004, as supplemented, among the Borrowers, the lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A. and Credit Suisse First Boston, as Documentation Agents, Merrill Lynch Bank USA, as Co-Documentation Agent, Bank of America, N.A. and Deutsche Bank AG New York Branch, as
_____________
CITIBANK, N.A. – Randolph Cates
Title: RANDOLPH CATES
VICE PRESIDENT
274
BANK OF AMERICA, N.A.,
as a Syndication Agent and as a Bank
By:
/s/ Jeffrey Armitage
Title:
Senior Vice President
275
CITIBANK, N.A. ,
as a Documentation Agent
By:
/s/ [ILLEGIBLE]
Title:
Vice President
CITICORP USA,
as a Bank
By:
/s/ John Coors
Title:
Director
276
CREDIT SUISSE FIRST BOSTON, acting through
its
_____________
CITIBANK, N.A. – 364-Day Credit Agreement, dated as of February 15, 2005, among DEERE & COMPANY, JOHN DEERE CAPITAL CORPORATION, the Banks parties thereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, CITIBANK, N.A. and CREDIT SUISSE FIRST BOSTON, as Documentation Agents, MERRILL LYNCH BANK USA, as Co-Documentation Agent, and BANK OF AMERICA, N.A. and DEUTSCHE BANK AG NEW YORK BRANCH,
_____________
dt 1478516
;
Banco Bilbao
As referenced in this 364-Day Credit Agreement:
BANCO BILBAO VIZCAYA ARGENTARIA, S – s/ Robert J. Mitchell, Jr.
Title:
FIRST VICE PRESIDENT
284
BARCLAYS BANK PLC,
as a Bank
By:
/s/ Nicholas A. Bell
Title:
NICHOLAS A. BELL
DIRECTOR
LOAN TRANSACTION MANAGEMENT
285
BANCO BILBAO VIZCAYA ARGENTARIA, S .A.,
as a Bank
By:
/s/ Philip A. Paddook
Title:
Philip A. Paddook
Senior Vice President
and Branch Manager
By:
/s/ Anne-Maureen Sarfati
Title:
Anne-Maureen Sarfati
Vice
_____________
Banco Bilbao Vizcaya Argentaria, S – Facsimile: (312) 977-1380
301
Mellon Bank, N.A.
Attention: Richard Bouchard
522 William Penn Place
Room 1203
Pittsburgh, Pennsylvania 15259-003
Telephone: (412) 234-5767
Facsimile: (412) 209-6124
Banco Bilbao Vizcaya Argentaria, S .A.
Attention: Jay Levit
1345 Avenue of the Americas, 45th Floor
New York, New York 10105
Telephone: (212) 728-1590
Facsimile: (212) 333-2904
The Bank of New York
_____________
dt 1320474
;
|
BofA
As referenced in this 364-Day Credit Agreement:
BANK OF AMERICA, N.A. – CHASE BANK, N.A.,
as Administrative Agent
CITIBANK, N.A.,
as a Documentation Agent
CREDIT SUISSE FIRST BOSTON,
as a Documentation Agent
MERRILL LYNCH BANK USA,
as Co-Documentation Agent
BANK OF AMERICA, N.A. ,
as a Syndication Agent
DEUTSCHE BANK AG NEW YORK BRANCH,
as a Syndication Agent
J.P. MORGAN SECURITIES INC.,
as Lead Arranger and Bookrunner
209
TABLE OF CONTENTS
SECTION
_____________
BANK OF AMERICA, N.A. – BOSTON, as documentation agents hereunder (in such capacity, the Documentation Agents), (f) MERRILL LYNCH BANK USA, as co-documentation agent hereunder (in such capacity, the Co-Documentation Agent), and (g) BANK OF AMERICA, N.A. and DEUTSCHE BANK AG NEW YORK BRANCH, as syndication agents hereunder (in such capacity, the Syndication Agents).
The parties hereto hereby agree as follows:
SECTION 1 DEFINITIONS
1.1.
_____________
Bank of America, N.A. – 3(5) of ERISA.
Purchasing Banks: as defined in subsection 10.5(d).
Re-Allocation Date: as defined in subsection 2.20(e).
Reference Banks: JPMorgan Chase Bank, N.A., Bank of America, N.A. and Deutsche Bank AG New York Branch.
Register: as defined in subsection 10.5(e).
Report Period: as defined in subsection 2.18.
Reportable Event: any of the events
_____________
Bank of America, N.A. – lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A. and Credit Suisse First Boston, as Documentation Agents, Merrill Lynch Bank USA, as Co-Documentation Agent, Bank of America, N.A. and Deutsche Bank AG New York Branch, as Syndication Agents, shall have been terminated in full and the outstanding principal amount of the indebtedness thereunder and all other amounts
_____________
BANK OF AMERICA, N.A. – By:
/s/ Michael J. Mack, Jr.
Title:
273
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and as a Bank
By:
/s/ Randolph Cates
Title: RANDOLPH CATES
VICE PRESIDENT
274
BANK OF AMERICA, N.A. ,
as a Syndication Agent and as a Bank
By:
/s/ Jeffrey Armitage
Title:
Senior Vice President
275
CITIBANK, N.A.,
as a Documentation Agent
By:
/s/ [ILLEGIBLE]
Title:
Vice
_____________
dt 1554374
;
BNY
As referenced in this 364-Day Credit Agreement:
Bank of New York, – information, document or report required to be filed with the Trustee pursuant to Section 7.03 of
250
the Indenture dated March 15, 1997, between the Capital Corporation and The Bank of New York, as trustee.
5.5. Notice of Default. Such Borrower shall promptly give notice to the Administrative Agent of the occurrence of any Default or Event of Default, which notice
_____________
BANK OF NEW YORK, – s/ Philip A. Paddook
Title:
Philip A. Paddook
Senior Vice President
and Branch Manager
By:
/s/ Anne-Maureen Sarfati
Title:
Anne-Maureen Sarfati
Vice President
Global Corporate Banking
286
THE BANK OF NEW YORK,
as a Bank
By:
/s/ John M. Lokay, JR.
Title:
JOHN M. LOKAY, JR.
VICE PRESIDENT
287
WACHOVIA BANK, N.A.,
as a Bank
By:
/s/ Nathan Rantala
Title:
_____________
Bank of New York
– 500,000
BNP Paribas
$
25,000,000
Mellon Bank, N.A.
$
25,000,000
Barclays Bank PLC
$
21,875,000
Banca Bilbao Vizcaya Argentaria, S.A.
$
18,750,000
The Bank of New York
$
18,750,000
Wachovia Bank, N.A.
$
18,750,000
Wells Fargo Bank, National Association
$
9,375,000
Banca Nazionale del Lavoro S.P.A., New York Branch
$
6,
_____________
Bank of New York
– Banco Bilbao Vizcaya Argentaria, S.A.
Attention: Jay Levit
1345 Avenue of the Americas, 45th Floor
New York, New York 10105
Telephone: (212) 728-1590
Facsimile: (212) 333-2904
The Bank of New York
Attention: John Lokay
One Wall Street, 21st Floor
New York, New York 10286
Telephone: (212) 635-1172
Facsimile: (212) 635-1970
Barclays Bank PLC
Attention: John Giannone
200 Park
_____________
dt 1584133
;
More... |
| Preview
Subscribers | 2004 |
Five-Year Credit Agreement
Five-Year Credit Agreement (294K)
Doc #426819: Click preview link for longer preview.
DEERE & COMPANY
JOHN DEERE CAPITAL CORPORATION
$1,250,000,000
FIVE-YEAR
CREDIT AGREEMENT
Dated as of February 17, 2004 |