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Credit Agreement [Amended and Restated]
Credit Agreement [Amended and Restated] (260K)
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AMENDED AND RESTATED
CREDIT AGREEMENT
DATED AS OF MARCH 24, 2003
AMONG
MIDWAY GAMES INC.,
BANK OF AMERICA N.A.,
AS AGENT,
AND
LETTER OF CREDIT ISSUING BANK
AND
THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO
ARRANGED BY BANC OF AMERICA SECURITIES LLC
{Page}
TABLE OF CONTENTS
{Table}
{Caption}
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{S} {C}
ARTICLE I DEFINITIONS..................................................................................1
1.1 Certain Defined Terms..........................................................................1
1.2 Other Interpretive Provisions.................................................................19
1.3 Accounting Principles.........................................................................20
ARTICLE II THE CREDITS.................................................................................21
2.1 Amounts and Terms of Commitments..............................................................21
2.2 Loan Accounts.................................................................................21
2.3 Procedure for Borrowing.......................................................................22
2.4 Conversion and Continuation Elections.........................................................22
2.5 Voluntary Termination or Reduction of Commitments.............................................24
2.6 Optional Prepayments..........................................................................24
2.7 Mandatory Prepayments.........................................................................24
2.8 Repayment.....................................................................................24
2.9 Interest......................................................................................24
2.10 Fees..........................................................................................25
2.11 Computation of Fees and Interest..............................................................26
2.12 Payments by the Company.......................................................................26
2.13 Payments by the Banks to the Agent............................................................27
2.14 Sharing of Payments, Etc......................................................................27
ARTICLE III THE LETTERS OF CREDIT.......................................................................28
3.1 The Letter of Credit Subfacility..............................................................28
3.2 Issuance, Amendment and Renewal of Letters of Credit..........................................29
3.3 Existing Letters of Credit; Risk Participations, Drawings and Reimbursements..................31
3.4 Repayment of Participations...................................................................33
3.5 Role of the Issuing Bank......................................................................33
3.6 Obligations Absolute..........................................................................34
3.7 Cash Collateral Pledge........................................................................35
3.8 Letter of Credit Fees.........................................................................35
3.9 Uniform Customs and Practice..................................................................36
3.10 Guaranty of the Company.......................................................................36
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ARTICLE IV TAXES, YIELD PROTECTION AND ILLEGALITY......................................................36
4.1 Taxes.........................................................................................36
4.2 Illegality....................................................................................37
4.3 Increased Costs and Reduction of Return.......................................................38
4.4 Funding Losses................................................................................38
4.5 Inability to Determine Rates..................................................................39
4.6 Certificates of Banks.........................................................................39
4.7 Survival......................................................................................40
ARTICLE V CONDITIONS PRECEDENT........................................................................40
5.1 Conditions to Effectiveness...................................................................40
5.2 Conditions to All Credit Extensions...........................................................41
5.3 Waiver........................................................................................42
ARTICLE VI REPRESENTATIONS AND WARRANTIES..............................................................42
6.1 Corporate Existence and Power.................................................................42
6.2 Corporate Authorization; No Contravention.....................................................43
6.3 Governmental Authorization....................................................................43
6.4 Binding Effect................................................................................43
6.5 Litigation....................................................................................43
6.6 No Default....................................................................................44
6.7 ERISA Compliance..............................................................................44
6.8 Use of Proceeds; Margin Regulations...........................................................45
6.9 Title to Properties...........................................................................45
6.10 Taxes.........................................................................................45
6.11 Financial Condition...........................................................................45
6.12 Environmental Matters.........................................................................45
6.13 Regulated Entities............................................................................46
6.14 No Burdensome Restrictions....................................................................46
6.15 Subsidiaries..................................................................................46
6.16 Insurance.....................................................................................46
6.17 Swap Obligations..............................................................................46
6.18 Full Disclosure...............................................................................46
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ARTICLE VII AFFIRMATIVE COVENANTS.......................................................................46
7.1 Financial Statements..........................................................................47
7.2 Certificates; Other Information...............................................................47
7.3 Notices.......................................................................................48
7.4 Preservation of Corporate Existence, Etc......................................................49
7.5 Maintenance of Property.......................................................................49
7.6 Insurance.....................................................................................49
7.7 Payment of Obligations........................................................................49
7.8 Compliance with Laws..........................................................................50
7.9 Compliance with ERISA.........................................................................50
7.10 Inspection of Property and Books and Records; Field Exams.....................................50
7.11 Environmental Laws............................................................................50
7.12 Use of Proceeds...............................................................................51
7.13 Subsidiary Guaranties.........................................................................51
7.14 Maintenance of Bank Accounts..................................................................51
7.15 Collateral....................................................................................51
7.16 Ratification..................................................................................52
ARTICLE VIII NEGATIVE COVENANTS..........................................................................52
8.1 Limitation on Liens...........................................................................52
8.2 Disposition of Assets.........................................................................54
8.3 Consolidations and Mergers....................................................................54
8.4 Loans and Investments.........................................................................54
8.5 Limitation on Indebtedness....................................................................55
8.6 Transactions with Affiliates..................................................................56
8.7 Use of Proceeds...............................................................................56
8.8 Contingent Obligations........................................................................56
8.9 Joint Ventures................................................................................56
8.10 Lease Obligations.............................................................................56
8.11 Restricted Payments...........................................................................57
8.12 ERISA.........................................................................................57
8.13 Change in Business............................................................................57
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8.14 Accounting Changes............................................................................57
8.15 Subordinated Debt.............................................................................57
ARTICLE IX FINANCIAL COVENANTS.........................................................................57
Minimum Net Worth..........................................................................................58
Capital Expenditures.......................................................................................58
9.1 Borrowing Base................................................................................58
ARTICLE X EVENTS OF DEFAULT...........................................................................58
10.1 Event of Default..............................................................................58
10.2 Remedies......................................................................................60
10.3 Rights Not Exclusive..........................................................................61
10.4 Certain Financial Covenant Defaults...........................................................61
ARTICLE XI THE AGENT...................................................................................61
11.1 Appointment and Authorization; "Agent"........................................................61
11.2 Delegation of Duties..........................................................................62
11.3 Liability of Agent............................................................................62
11.4 Reliance by Agent.............................................................................62
11.5 Notice of Default.............................................................................63
11.6 Credit Decision...............................................................................63
11.7 Indemnification of Agent......................................................................63
11.8 Agent in Individual Capacity..................................................................64
11.9 Successor Agent...............................................................................64
11.10 Withholding Tax...............................................................................65
11.11 Agent's Fee...................................................................................66
ARTICLE XII MISCELLANEOUS...............................................................................66
12.1 Amendments and Waivers........................................................................66
12.2 Notices.......................................................................................67
12.3 No Waiver; Cumulative Remedies................................................................68
12.4 Costs and Expenses............................................................................68
12.5 Company Indemnification.......................................................................68
12.6 Payments Set Aside............................................................................69
12.7 Successors and Assigns........................................................................69
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12.8 Assignments, Participations, etc..............................................................69
12.9 Confidentiality...............................................................................71
12.10 Set-off.......................................................................................71
12.11 Automatic Debits of Fees......................................................................72
12.12 Notification of Addresses, Lending Offices, Etc...............................................72
12.13 Counterparts..................................................................................72
12.14 Severability..................................................................................72
12.15 No Third Parties Benefited....................................................................72
12.16 Governing Law and Jurisdiction................................................................72
12.17 Waiver of Jury Trial..........................................................................73
12.18 Entire Agreement..............................................................................73
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SCHEDULES
Schedule 1 Commitments
Schedule 3.3 Existing Letters of Credit
Schedule 5.1 Guarantors
Schedule 6.5 Litigation
Schedule 6.7 ERISA
Schedule 6.12 Environmental Matters
Schedule 6.15 Subsidiaries and Minority Interests
Schedule 6.16 Insurance Matters
Schedule 8.1 Permitted Liens
Schedule 8.5 Permitted Indebtedness
Schedule 8.8 Contingent Obligations
Schedule 12.2 Lending Offices; Addresses for Notices
EXHIBITS
Exhibit A Form of Notice of Borrowing
Exhibit B Form of Notice of Conversion/Continuation
Exhibit C Form of Compliance Certificate
Exhibit D Form of Legal Opinion of Company's Counsel
Exhibit E Form of Assignment and Acceptance
Exhibit F Form of Promissory Note
Exhibit G Form of Guaranty
Exhibit H Form of Security Agreement
Exhibit I Form of Borrowing Base Certificate
{Page}
AMENDED AND RESTATED CREDIT AGREEMENT
This AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of March 24,
2003, among MIDWAY GAMES INC., a Delaware corporation (the "COMPANY"), the
several financial institutions from time to time party to this Agreement
(collectively, the "BANKS"; individually, a "BANK"), and Bank of America, N.A.,
as letter of credit issuing bank and as agent for the Banks.
WHEREAS, the Company, the Banks and the Agent are parties to a Credit
Agreement dated as of September 20, 2000 (as heretofore amended or modified, the
"Existing Credit Agreement") pursuant to which the Banks have agreed to extend
credit to the Company.
WHEREAS, the parties have agreed to amend and restate the Existing Credit
Agreement in its entirety;
NOW THEREFORE, the parties hereto agree that as of the Restatement Closing
Date, the Existing Credit Agreement is amended and restated in its entirety to
read as follows:
ARTICLE I
DEFINITIONS
1.1 CERTAIN DEFINED TERMS. The following terms have the following meanings:
"ACCOUNT DEBTOR" means any Person who is obligated to the Company or any
other Credit Party under, with respect to, or on account of an Account
Receivable. Without limitation, the term "Account Debtor" includes an "account
debtor" as defined in the UCC.
"ACCOUNT(S) RECEIVABLE" means, with respect to any Person, any right of
such Person to payment for goods sold or leased or for services rendered,
whether or not evidenced by an instrument or chattel paper and whether or not
yet earned by performance. Without limitation, the term "Account Receivable"
includes any "account" as defined in the UCC.
"ACH SETTLEMENT RISK RESERVE" means any and all reserves which any Bank
from time to time establishes, in its sole discretion, with respect to ACH
Transactions.
"ACH TRANSACTIONS" means any cash management or similar services including
the automatic clearing house transfer of funds by any Bank for the account of
the Company pursuant to agreement or overdrafts.
"ACQUISITION" means any transaction or series of related transactions for
the purpose of or resulting, directly or indirectly, in (a) the acquisition of
all or substantially all of the assets of a Person, or of any business or
division of a Person, (b) the acquisition of in excess of 50% of the capital
stock, partnership interests, membership interests or equity of any Person, or
otherwise causing any Person to become a Subsidiary, or (c) a merger or
consolidation or any other combination with another Person (other than a Person
that is a Subsidiary) provided that the Company or the Subsidiary is the
surviving entity.
154435
|
Games
As referenced in this Credit Agreement [Amended and Restated]:
GAMES INC. – 10.36
{SEQUENCE}6
{FILENAME}a2106489zex-10_36.txt
{DESCRIPTION}EXHIBIT 10.36
{TEXT}
{Page}
EXHIBIT 10.36
AMENDED AND RESTATED
CREDIT AGREEMENT
DATED AS OF MARCH 24, 2003
AMONG
MIDWAY GAMES INC. ,
BANK OF AMERICA N.A.,
AS AGENT,
AND
LETTER OF CREDIT ISSUING BANK
AND
THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO
ARRANGED BY BANC OF AMERICA SECURITIES LLC
{Page}
TABLE
_____________
GAMES INC. – Agreement
Exhibit I Form of Borrowing Base Certificate
{Page}
AMENDED AND RESTATED CREDIT AGREEMENT
This AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of March 24,
2003, among MIDWAY GAMES INC. , a Delaware corporation (the "COMPANY"), the
several financial institutions from time to time party to this Agreement
(collectively, the "BANKS"; individually, a "BANK"), and Bank of America, N.A.,
_____________
GAMES INC. – have caused this Agreement to be
duly executed and delivered in Chicago, Illinois by their proper and duly
authorized officers as of the day and year first above written.
MIDWAY GAMES INC.
By: /s/ Thomas E. Powell
----------------------------------------
Thomas E. Powell
Title: Executive Vice President - Finance,
Treasurer and Chief Financial Officer
-75-
{Page}
BANK OF AMERICA N.A.,
as Agent
By: /s/
_____________
dt 1314335
;
Midway Games
As referenced in this Credit Agreement [Amended and Restated]:
MIDWAY GAMES INC. – EX-10.36
{SEQUENCE}6
{FILENAME}a2106489zex-10_36.txt
{DESCRIPTION}EXHIBIT 10.36
{TEXT}
{Page}
EXHIBIT 10.36
AMENDED AND RESTATED
CREDIT AGREEMENT
DATED AS OF MARCH 24, 2003
AMONG
MIDWAY GAMES INC. ,
BANK OF AMERICA N.A.,
AS AGENT,
AND
LETTER OF CREDIT ISSUING BANK
AND
THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO
ARRANGED BY BANC OF AMERICA SECURITIES LLC
{Page}
TABLE
_____________
MIDWAY GAMES INC. – Security Agreement
Exhibit I Form of Borrowing Base Certificate
{Page}
AMENDED AND RESTATED CREDIT AGREEMENT
This AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of March 24,
2003, among MIDWAY GAMES INC. , a Delaware corporation (the "COMPANY"), the
several financial institutions from time to time party to this Agreement
(collectively, the "BANKS"; individually, a "BANK"), and Bank of America, N.A.,
_____________
MIDWAY GAMES INC. – hereto have caused this Agreement to be
duly executed and delivered in Chicago, Illinois by their proper and duly
authorized officers as of the day and year first above written.
MIDWAY GAMES INC.
By: /s/ Thomas E. Powell
----------------------------------------
Thomas E. Powell
Title: Executive Vice President - Finance,
Treasurer and Chief Financial Officer
-75-
{Page}
BANK OF AMERICA N.A.,
as Agent
By: /s/
_____________
dt 1510451
;
|
ISDA
As referenced in this Credit Agreement [Amended and Restated]:
International Swap Dealers Association, – the Company or any Subsidiary existing
or arising under any Swap Contract which provides for payment on early
termination based on the 1992 International Swap Dealers Association, Inc.
Master Agreement form providing for "second method and market quotation" shall
satisfy the requirements of this definition.
-16-
{Page}
"PERSON" means
_____________
dt 97926
;
More... |
| Preview
Full Doc
| 2003 |
Credit Agreement
Credit Agreement (126K)
Doc #154436: Click preview link for longer preview.
LC CREDIT AGREEMENT
DATED AS OF MARCH 24, 2003
AMONG
MIDWAY GAMES INC.,
BANK OF AMERICA, N.A.,
AS AGENT,
AND
LETTER OF CREDIT ISSUING BANK
AND
THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO
{Page}
TABLE OF CONTENTS
{Table}
{Caption}
PAGE
{S} {C}
ARTICLE I DEFINITIONS..................................................................................1
1.1. Certain Defined Terms..........................................................................1
1.2. Other Interpretive Provisions..................................................................5
ARTICLE II COMMITMENT...................................................................................6
2.1. Amount of Commitment...........................................................................6
2.2. Voluntary Termination or Reduction of Commitments..............................................6
ARTICLE III LETTERS OF CREDIT............................................................................7
3.1. Letters of Credit..............................................................................7
3.2. Issuance, Amendment and Renewal of Letters of Credit...........................................7
3.3. Existing Letters of Credit; Risk Participations, Drawings and Reimbursements...................9
3.4. Repayment of Participations...................................................................11
3.5. Role of the Issuing Bank......................................................................12
3.6. Obligations Absolute..........................................................................12
3.7. Cash Collateral Pledge........................................................................13
3.8. Letter of Credit Fees.........................................................................13
3.9. Uniform Customs and Practice..................................................................14
3.10. Guaranty of the Company.......................................................................14
3.11. Payments by the Company.......................................................................14
ARTICLE IV TAXES, YIELD PROTECTION AND ILLEGALITY......................................................14
4.1. Taxes.........................................................................................14
4.2. Increased Costs and Reduction of Return.......................................................15
4.3. Certificates of Banks.........................................................................16
4.4. Survival......................................................................................16
ARTICLE V CONDITIONS PRECEDENT........................................................................16
5.1. Conditions of Initial Credit Extensions.......................................................16
5.2. Conditions to All Credit Extensions...........................................................17
ARTICLE VI REPRESENTATIONS AND WARRANTIES..............................................................18
6.1. Corporate Existence and Power.................................................................18
6.2. Corporate Authorization; No Contravention.....................................................18
6.3. Governmental Authorization....................................................................18
6.4. Binding Effect................................................................................19
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6.5. No Default....................................................................................19
6.7. Restated Credit Agreement.....................................................................19
ARTICLE VII AFFIRMATIVE COVENANTS.......................................................................19
7.1. Incorporation of Restated Credit Agreement....................................................19
7.2. Ratification Resolutions......................................................................19
ARTICLE VIII NEGATIVE AND FINANCIAL COVENANTS............................................................20
8.1. Incorporation of Restated Credit Agreement....................................................20
8.2. Use of Proceeds...............................................................................20
ARTICLE IX EVENTS OF DEFAULT...........................................................................20
9.1. Event of Default..............................................................................20
9.2. Remedies......................................................................................22
9.3. Rights Not Exclusive..........................................................................22
ARTICLE X THE AGENT...................................................................................23
10.1. Appointment and Authorization; "Agent"........................................................23
10.2. Delegation of Duties..........................................................................23
10.3. Liability of Agent............................................................................23
10.4. Reliance by Agent.............................................................................24
10.5. Notice of Default.............................................................................24
10.6. Credit Decision...............................................................................24
10.7. Indemnification of Agent......................................................................25
10.8. Agent in Individual Capacity..................................................................25
10.9. Successor Agent...............................................................................26
10.10. Withholding Tax...............................................................................26
ARTICLE XI MISCELLANEOUS...............................................................................27
11.1. Amendments and Waivers........................................................................27
11.2. Notices.......................................................................................28
11.3. No Waiver; Cumulative Remedies................................................................29
11.4. Costs and Expenses............................................................................29
11.5. Company Indemnification.......................................................................30
11.6. Payments Set Aside............................................................................30
11.7. Successors and Assigns........................................................................30
11.8. Assignments, Participations, etc..............................................................30
{/Table}
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{Table}
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11.9. Confidentiality...............................................................................32
11.10. Set-off.......................................................................................32
11.11. Automatic Debits of Fees......................................................................32
11.12. Notification of Addresses, Lending Offices, Etc...............................................33
11.13. Counterparts..................................................................................33
11.14. Severability..................................................................................33
11.15. No Third Parties Benefited....................................................................33
11.16. Governing Law and Jurisdiction................................................................33
11.17. Waiver of Jury Trial..........................................................................34
11.18. Entire Agreement..............................................................................34
{/Table}
{Page}
SCHEDULES
Schedule I Prorata Shares of Commitment
Schedule 3.3 Existing Letters of Credit
Schedule 11.2 Notices
EXHIBITS
Exhibit A Form of Assignment and Acceptance
Exhibit B LC Account Agreement
Exhibit C L/C Control Agreement
Exhibit D Form of Opinion
{Page}
LC CREDIT AGREEMENT
This LC CREDIT AGREEMENT (this "Agreement") is entered into as of March 24,
2003, among MIDWAY GAMES INC., a Delaware corporation (the "COMPANY"), the
several financial institutions from time to time party to this Agreement
(collectively, the "BANKS"; individually, a "BANK"), and Bank of America, N.A.,
as letter of credit issuing bank and as agent for the Banks.
WHEREAS, the Banks have agreed to make available to the Company a revolving
letter of credit facility upon the terms and conditions set forth in this
Agreement;
NOW THEREFORE, in consideration of the mutual agreements, provisions and
covenants contained herein, the parties agree as follows:
ARTICLE I
DEFINITIONS
1.1. CERTAIN DEFINED TERMS. Capitalized terms used herein shall have the
meanings set forth in this Section 1.1. Capitalized terms used but not defined
herein shall have the meanings assigned to such terms in the Restated Credit
Agreement referred to below:
"AFFILIATE" means, as to any Person, any other Person which, directly or
indirectly, is in control of, is controlled by, or is under common control with,
such Person. A Person shall be deemed to control another Person if the
controlling Person possesses, directly or indirectly, the power to direct or
cause the direction of the management and policies of the other Person, whether
through the ownership of voting securities, membership interests, by contract,
or otherwise.
"AGENT" means Bank of America in its capacity as agent for the Banks
hereunder, and any successor agent arising under Section 10.9.
"AGENT-RELATED PERSONS" means Bank of America and any successor agent
arising under Section 10.9 and any successor letter of credit issuing bank
hereunder, together with their respective Affiliates (including, in the case of
Bank of America, the Arranger), and the officers, directors, employees and
attorneys-in-fact of such Persons and Affiliates.
"AGENT'S PAYMENT OFFICE" means the address for payments set forth on
Schedule 11.2 to this Agreement or such other address in the United States as
the Agent may from time to time specify.
"AGREEMENT" means this LC Credit Agreement.
"APPLICABLE TIME" means local time to the Agent's Payment Office.
"ARRANGER" means Banc of America Securities LLC.
154436
|
Games
As referenced in this Credit Agreement:
GAMES INC. – TYPE}EX-10.38
{SEQUENCE}8
{FILENAME}a2106489zex-10_38.txt
{DESCRIPTION}EXHIBIT 10.38
{TEXT}
{Page}
EXHIBIT 10.38
LC CREDIT AGREEMENT
DATED AS OF MARCH 24, 2003
AMONG
MIDWAY GAMES INC. ,
BANK OF AMERICA, N.A.,
AS AGENT,
AND
LETTER OF CREDIT ISSUING BANK
AND
THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO
{Page}
TABLE OF CONTENTS
{Table}
{Caption}
PAGE
{S} {C}
_____________
GAMES INC. – C L/C Control Agreement
Exhibit D Form of Opinion
{Page}
LC CREDIT AGREEMENT
This LC CREDIT AGREEMENT (this "Agreement") is entered into as of March 24,
2003, among MIDWAY GAMES INC. , a Delaware corporation (the "COMPANY"), the
several financial institutions from time to time party to this Agreement
(collectively, the "BANKS"; individually, a "BANK"), and Bank of America, N.A.,
_____________
GAMES INC. – have caused this Agreement to be
duly executed and delivered in Chicago, Illinois by their proper and duly
authorized officers as of the day and year first above written.
MIDWAY GAMES INC.
By: /s/ Thomas E. Powell
---------------------------------------
Thomas E. Powell
Executive Vice President - Finance,
Treasurer and Chief Financial Officer
{Page}
BANK OF AMERICA N.A.,
as Agent
By: /s/ David A.
_____________
dt 1314336
;
Midway Games
As referenced in this Credit Agreement:
MIDWAY GAMES INC. – DOCUMENT}
{TYPE}EX-10.38
{SEQUENCE}8
{FILENAME}a2106489zex-10_38.txt
{DESCRIPTION}EXHIBIT 10.38
{TEXT}
{Page}
EXHIBIT 10.38
LC CREDIT AGREEMENT
DATED AS OF MARCH 24, 2003
AMONG
MIDWAY GAMES INC. ,
BANK OF AMERICA, N.A.,
AS AGENT,
AND
LETTER OF CREDIT ISSUING BANK
AND
THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO
{Page}
TABLE OF CONTENTS
{Table}
{Caption}
PAGE
{S} {C}
_____________
MIDWAY GAMES INC. – Exhibit C L/C Control Agreement
Exhibit D Form of Opinion
{Page}
LC CREDIT AGREEMENT
This LC CREDIT AGREEMENT (this "Agreement") is entered into as of March 24,
2003, among MIDWAY GAMES INC. , a Delaware corporation (the "COMPANY"), the
several financial institutions from time to time party to this Agreement
(collectively, the "BANKS"; individually, a "BANK"), and Bank of America, N.A.,
_____________
MIDWAY GAMES INC. – hereto have caused this Agreement to be
duly executed and delivered in Chicago, Illinois by their proper and duly
authorized officers as of the day and year first above written.
MIDWAY GAMES INC.
By: /s/ Thomas E. Powell
---------------------------------------
Thomas E. Powell
Executive Vice President - Finance,
Treasurer and Chief Financial Officer
{Page}
BANK OF AMERICA N.A.,
as Agent
By: /s/ David A.
_____________
dt 1510452
;
|
 BofA Securities
As referenced in this Credit Agreement:
Banc of America Securities – time to time specify.
"AGREEMENT" means this LC Credit Agreement.
"APPLICABLE TIME" means local time to the Agent's Payment Office.
"ARRANGER" means Banc of America Securities LLC.
{Page}
"ASSIGNEE" has the meaning specified in subsection 11.8(a).
"BANK" has the meaning specified in the introductory clause hereto.
"BASE
_____________
dt 93672
;
More... |
| Preview
Full Doc
| 2003 |
Credit Agreement
Credit Agreement (240K)
Doc #196044: Click preview link for longer preview.
CREDIT AGREEMENT
This CREDIT AGREEMENT is entered into as of July 14, 2003, among Mentor Graphics Corporation, an Oregon corporation (the Company), the several financial institutions from time to time party to this Agreement (collectively, the Banks; individually, a Bank), Key Corporate Capital, Inc., as documentation agent, Fleet National Bank, as syndication agent, and Bank of America, N.A., as administrative agent for the Banks.
WHEREAS, the Banks have agreed to make available to the Company a revolving credit facility upon the terms and conditions set forth in this Agreement;
NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties agree as follows:
ARTICLE I
DEFINITIONS
1.01 Certain Defined Terms. The following terms have the following meanings:
Acquisition means any transaction or series of related transactions for the purpose of or resulting, directly or indirectly, in (a) the acquisition of all or substantially all of the assets of a Person, or of any line of business or division of a Person, (b) the acquisition of in excess of 50% of the capital stock, partnership interests, membership interests or equity of any Person, or otherwise causing any Person to become a Subsidiary, or (c) a merger or consolidation or any other combination with another Person (other than a Person that is a Subsidiary) provided that the Company or the Subsidiary is the surviving entity.
Administrative Questionnaire means an administrative questionnaire in a form supplied by the Agent.
Affected Bank has the meaning specified in Section 3.09.
Affiliate means, as to any Person, any other Person which, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. A Person shall be deemed to control another Person if the controlling Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of the other Person, whether through the ownership of voting securities, membership interests, by contract, or otherwise.
Agent means Bank of America in its capacity as administrative agent for the Banks hereunder, and any successor administrative agent arising under Section 9.09.
Agent-Related Persons means the Agent, together with its Affiliates (including, in the case of Bank of America in its capacity as the Agent, the Arranger), and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates.
Agents Payment Office means the address for payments set forth on Schedule 10.02 or such other address as the Agent may from time to time specify.
Agreement means this Credit Agreement.
Applicable Margin means, for any day, with respect to any Base Rate Loan or Offshore Rate Loan, the applicable margin (on a per annum basis) set forth on the pricing grid attached as Annex I in accordance with the parameters for calculation and adjustment of such applicable margin also set forth on Annex I.
Arranger means Banc of America Securities LLC.
Assignment and Assumption means an Assignment and Assumption substantially in the form of Exhibit D.
Attorney Costs means and includes all fees and disbursements of any law firm or other external counsel, the allocated cost of internal legal services and all disbursements of internal counsel.
Bank has the meaning specified in the introductory clause hereto.
Bank of America means Bank of America, N.A., a national banking association.
Bankruptcy Code means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. 101, et seq.).
Base Rate means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its prime rate. The prime rate is a rate set by Bank of America based upon various factors including Bank of Americas costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.
Base Rate Loan means a Loan that bears interest based on the Base Rate.
Borrowing means a borrowing hereunder consisting of Loans of the same Type made to the Company on the same day by the Banks under Article II, and, other than in the case of Base Rate Loans, having the same Interest Period.
Borrowing Date means any date on which a Borrowing occurs under Section 2.03.
Business Day means any day other than a Saturday, Sunday or other day on which commercial banks in New York City, San Francisco, California, or Portland, Oregon, are authorized or required by law to close and, if the applicable Business Day
196044
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Cadence Design
As referenced in this Credit Agreement:
Cadence Design Systems, Inc. – in connection with the appeal by the Company of any judgment, order, decree or arbitration award entered against the Company relating to the ongoing patent litigation between the Company and Cadence Design Systems, Inc. , provided that the aggregate principal amount of such bond(s) or credit enhancement(s) shall not at any time exceed $20,000,000; and
(h) Contingent Obligations relating to
_____________
dt 1467219
;
Cadence Design
As referenced in this Credit Agreement:
Cadence Design Systems, Inc. – in connection with the appeal by the Company of any judgment, order, decree or arbitration award entered against the Company relating to the ongoing patent litigation between the Company and Cadence Design Systems, Inc. , provided that the aggregate principal amount of such bond(s) or credit enhancement(s) shall not at any time exceed $20,000,000; and
(h) Contingent Obligations relating to
_____________
dt 1484670
;
Mentor
As referenced in this Credit Agreement:
Mentor Graphics Corp. – Brian Graybill
Telephone:
(925) 675-8414
Facsimile:
(888) 969-9147
Email: brian.graybill@bankofamerica.com
Agents Payment Office:
Bank of America, N.A.
ABA No.: 111000012
Account No.: 3570836479
Reference: Mentor Graphics Corp.
Attention: Brian Graybill, Agency Services West
Mail Code: CA4-706-05-09
1850 Gateway Boulevard
Concord, California 94520-3282
SCHEDULE 10.02 - 1
All Other Notices:
Bank of America,
_____________
dt 1510368
;
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BofA Securities
As referenced in this Credit Agreement:
BANC OF AMERICA SECURITIES – Agent,
KEY CORPORATE CAPITAL, INC.,
as Documentation Agent,
FLEET NATIONAL BANK,
as Syndication Agent,
and
THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO
Arranged by
BANC OF AMERICA SECURITIES LLC
TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS
1
1.01
Certain Defined Terms
1
1.02
Other Interpretive Provisions
18
1.03
_____________
Banc of America Securities – Annex I in accordance with the parameters for calculation and adjustment of such applicable margin also set forth on Annex I.
Arranger means Banc of America Securities LLC.
Assignment and Assumption means an Assignment and Assumption substantially in the form of Exhibit D.
Attorney Costs means and includes all fees
_____________
dt 93814
;
BofA
As referenced in this Credit Agreement:
BANK OF AMERICA, – Exhibit 10.A
CREDIT AGREEMENT
Dated as of July 14, 2003
among
MENTOR GRAPHICS CORPORATION,
BANK OF AMERICA, N.A.,
as Agent,
KEY CORPORATE CAPITAL, INC.,
as Documentation Agent,
FLEET NATIONAL BANK,
Bank of America, – Bank), Key Corporate Capital, Inc., as documentation agent, Fleet National Bank, as syndication agent, and Bank of America, N.A., as administrative agent for the Banks.
WHEREAS, the Banks have agreed to
Bank of America – whether through the ownership of voting securities, membership interests, by contract, or otherwise.
Agent means Bank of America in its capacity as administrative agent for the Banks hereunder, and any successor administrative agent
Bank of America – Agent-Related Persons means the Agent, together with its Affiliates (including, in the case of Bank of America in its capacity as the Agent, the Arranger), and the officers, directors, employees, agents and
Bank of America – all disbursements of internal counsel.
Bank has the meaning specified in the introductory clause hereto.
Bank of America means Bank of America, N.A., a national banking association.
Bankruptcy Code means the Federal
dt 40618
;
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| 2004 |
Debtor in Possession Credit Agreement
Debtor in Possession Credit Agreement (129K)
Doc #248638: Click preview link for longer preview.
DEBTOR IN POSSESSION CREDIT AGREEMENT
dated as of
September 24, 2002
by and among
PEREGRINE SYSTEMS, INC.,
a Delaware corporation and
a Chapter 11 Debtor-in-Possession, and
PEREGRINE REMEDY, INC., a Delaware corporation and
a Chapter 11 Debtor-in-Possession (collectively, ?Borrowers?)
and
and the Subsidiaries of Borrowers named herein (?Guarantors?)
and
BMC SOFTWARE, INC.,
a Delaware corporation (?Lender?)
TABLE OF CONTENTS
ARTICLE 1
DIP FACILITY
. . .
248638
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BMC Software
As referenced in this Debtor in Possession Credit Agreement:
BMC SOFTWARE, INC. – 11 Debtor-in-Possession, and
PEREGRINE REMEDY, INC., a Delaware corporation and
a Chapter 11 Debtor-in-Possession (collectively, Borrowers)
and
and the Subsidiaries of Borrowers named herein (Guarantors)
and
BMC SOFTWARE, INC. ,
a Delaware corporation (Lender)
TABLE OF CONTENTS
ARTICLE 1
DIP FACILITY
Section 1.1
Post-Petition Loans
ARTICLE 2
INTEREST, FEES AND CHARGES
Section 2.1
Interest
Section 2.
_____________
BMC SOFTWARE, INC. – corporation and a Chapter 11 debtor-in-possession (each individually a Borrower, and collectively, Borrowers); each of the Subsidiaries of Borrowers listed on the signature pages hereof (collectively, Guarantors) and BMC SOFTWARE, INC. , a Delaware corporation (Lender). Capitalized terms used in this Agreement have the meanings assigned to them in Appendix A, General Definitions.
R E C I T A L S:
_____________
BMC SOFTWARE, INC. – 858-481 -1751
REMEDY SOFTWARE IRELAND, LTD.
By:
/s/ Ken Sexton
Name:
Ken Sexton
Title:
Director
Address: 1585 Charleston Road
Mountain View, California 94043
Telecopier No: 650-903-5200
LENDER:
BMC SOFTWARE, INC. , a Delaware corporation
By:
/s/ Robert H. [ILLEGIBILE]
Name:
Robert H. [ILLEGIBILE]
Title:
Senior Vice President Land General Counsel
Address: 2101 City West Boulevard
Houston, Texas 77042-2827
Telecopier
_____________
dt 1460656
;
BMC Software
As referenced in this Debtor in Possession Credit Agreement:
BMC SOFTWARE, INC. – 11 Debtor-in-Possession, and
PEREGRINE REMEDY, INC., a Delaware corporation and
a Chapter 11 Debtor-in-Possession (collectively, Borrowers)
and
and the Subsidiaries of Borrowers named herein (Guarantors)
and
BMC SOFTWARE, INC. ,
a Delaware corporation (Lender)
TABLE OF CONTENTS
ARTICLE 1
DIP FACILITY
Section 1.1
Post-Petition Loans
ARTICLE 2
INTEREST, FEES AND CHARGES
Section 2.1
Interest
Section 2.
_____________
BMC SOFTWARE, INC. – corporation and a Chapter 11 debtor-in-possession (each individually a Borrower, and collectively, Borrowers); each of the Subsidiaries of Borrowers listed on the signature pages hereof (collectively, Guarantors) and BMC SOFTWARE, INC. , a Delaware corporation (Lender). Capitalized terms used in this Agreement have the meanings assigned to them in Appendix A, General Definitions.
R E C I T A L S:
_____________
BMC SOFTWARE, INC. – 858-481 -1751
REMEDY SOFTWARE IRELAND, LTD.
By:
/s/ Ken Sexton
Name:
Ken Sexton
Title:
Director
Address: 1585 Charleston Road
Mountain View, California 94043
Telecopier No: 650-903-5200
LENDER:
BMC SOFTWARE, INC. , a Delaware corporation
By:
/s/ Robert H. [ILLEGIBILE]
Name:
Robert H. [ILLEGIBILE]
Title:
Senior Vice President Land General Counsel
Address: 2101 City West Boulevard
Houston, Texas 77042-2827
Telecopier
_____________
dt 1467180
;
Peregrine
As referenced in this Debtor in Possession Credit Agreement:
PEREGRINE SYSTEMS, INC. –
EX-10.50 58 a2134573zex-10_50.htm EX-10.50
Exhibit 10.50
DEBTOR IN POSSESSION CREDIT AGREEMENT
dated as of
September 24, 2002
by and among
PEREGRINE SYSTEMS, INC. ,
a Delaware corporation and
a Chapter 11 Debtor-in-Possession, and
PEREGRINE REMEDY, INC., a Delaware corporation and
a Chapter 11 Debtor-in-Possession (collectively, Borrowers)
and
and the
_____________
PEREGRINE SYSTEMS, INC. – Senior Officer
Subsidiary
vii
Tax Refund
Taxes
Transferee
UCC
viii
DEBTOR IN POSSESSION CREDIT AGREEMENT
THIS DEBTOR IN POSSESSION CREDIT AGREEMENT dated as of September 24, 2002, by and among PEREGRINE SYSTEMS, INC. , a Delaware corporation and a Chapter 11 debtor-in-possession and PEREGRINE REMEDY, INC., a Delaware corporation and a Chapter 11 debtor-in-possession (each individually a Borrower, and
_____________
PEREGRINE SYSTEMS, INC. – is intentionally left blank. Signature pages follow.]
36
IN WITNESS WHEREOF, this Agreement has been duly executed on the day and year specified at the beginning of this Agreement.
BORROWERS:
PEREGRINE SYSTEMS, INC. , a Delaware corporation
By:
/s/ Ken Sexton
Name:
Title:
Address:
Telecopier No:
PEREGRINE REMEDY, INC., a Delaware corporation
By:
/s/ Ken Sexton
Name:
Title:
Address:
Telecopier No:
IN WITNESS
_____________
PEREGRINE SYSTEMS, INC. – s/ Ken Sexton
Name:
Title:
Address:
Telecopier No:
IN WITNESS WHEREOF, this Agreement has been duly executed on the day and year specified at the beginning of this Agreement.
BORROWERS:
PEREGRINE SYSTEMS, INC. , a Delaware corporation
By:
Name:
Title:
Address: 2611 Valley Centre Drive, Floor 5
San Diego, California 92130
Telecopier No: 858-481-1751
PEREGRINE REMEDY, INC., a Delaware corporation
By:
_____________
dt 1362853
;
|
Peregrine
As referenced in this Debtor in Possession Credit Agreement:
PEREGRINE SYSTEMS, INC. –
EX-10.50 58 a2134573zex-10_50.htm EX-10.50
Exhibit 10.50
DEBTOR IN POSSESSION CREDIT AGREEMENT
dated as of
September 24, 2002
by and among
PEREGRINE SYSTEMS, INC. ,
a Delaware corporation and
a Chapter 11 Debtor-in-Possession, and
PEREGRINE REMEDY, INC., a Delaware corporation and
a Chapter 11 Debtor-in-Possession (collectively, Borrowers)
and
and the
_____________
PEREGRINE SYSTEMS, INC. – Senior Officer
Subsidiary
vii
Tax Refund
Taxes
Transferee
UCC
viii
DEBTOR IN POSSESSION CREDIT AGREEMENT
THIS DEBTOR IN POSSESSION CREDIT AGREEMENT dated as of September 24, 2002, by and among PEREGRINE SYSTEMS, INC. , a Delaware corporation and a Chapter 11 debtor-in-possession and PEREGRINE REMEDY, INC., a Delaware corporation and a Chapter 11 debtor-in-possession (each individually a Borrower, and
_____________
PEREGRINE SYSTEMS, INC. – is intentionally left blank. Signature pages follow.]
36
IN WITNESS WHEREOF, this Agreement has been duly executed on the day and year specified at the beginning of this Agreement.
BORROWERS:
PEREGRINE SYSTEMS, INC. , a Delaware corporation
By:
/s/ Ken Sexton
Name:
Title:
Address:
Telecopier No:
PEREGRINE REMEDY, INC., a Delaware corporation
By:
/s/ Ken Sexton
Name:
Title:
Address:
Telecopier No:
IN WITNESS
_____________
PEREGRINE SYSTEMS, INC. – s/ Ken Sexton
Name:
Title:
Address:
Telecopier No:
IN WITNESS WHEREOF, this Agreement has been duly executed on the day and year specified at the beginning of this Agreement.
BORROWERS:
PEREGRINE SYSTEMS, INC. , a Delaware corporation
By:
Name:
Title:
Address: 2611 Valley Centre Drive, Floor 5
San Diego, California 92130
Telecopier No: 858-481-1751
PEREGRINE REMEDY, INC., a Delaware corporation
By:
_____________
dt 1362894
;
Peregrine Remedy, Inc.
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Credit Agreement
Credit Agreement (792K)
Doc #360085: Click preview link for longer preview.
CREDIT AGREEMENT
Dated as of July 19, 2002
among
GETTY IMAGES, INC.,
as the Borrower,
BANK OF AMERICA, N.A.,
as Administrative Agent, Security Trustee, Swing Line Lender
and
L/C Issuer,
and
The Other Lenders Party Hereto
. . .
360085
|
Adobe
As referenced in this Credit Agreement:
Adobe Systems, Inc. – Collateral
Debtor State Secured Party Filed Description
{S} {C} {C} {C} {C}
Allsport Photography California Republic Leasing No. 9827860801 Telephone systems
USA, Inc. Filed September 29, 1998
EyeWire, Inc. Delaware Adobe Systems, Inc. No. 9847206 Intellectual property
Filed October 23, 1998 rights defined in the
Asset Transfer
Agreement between Adobe
Systems, Inc. and
EyeWire, Inc. dated
August 5, 1999
Getty Images, Inc.
_____________
Adobe
Systems, Inc. – Telephone systems
USA, Inc. Filed September 29, 1998
EyeWire, Inc. Delaware Adobe Systems, Inc. No. 9847206 Intellectual property
Filed October 23, 1998 rights defined in the
Asset Transfer
Agreement between Adobe
Systems, Inc. and
EyeWire, Inc. dated
August 5, 1999
Getty Images, Inc. Delaware Banc of America No. 1144038 Furniture and
Leasing & Capital, LLC Filed October 19, 2001 equipment, etc.
Texas ICI
_____________
dt 1323213
;
Adobe
As referenced in this Credit Agreement:
Adobe Systems, Inc. – Collateral
Debtor State Secured Party Filed Description
{S} {C} {C} {C} {C}
Allsport Photography California Republic Leasing No. 9827860801 Telephone systems
USA, Inc. Filed September 29, 1998
EyeWire, Inc. Delaware Adobe Systems, Inc. No. 9847206 Intellectual property
Filed October 23, 1998 rights defined in the
Asset Transfer
Agreement between Adobe
Systems, Inc. and
EyeWire, Inc. dated
August 5, 1999
Getty Images, Inc.
_____________
Adobe
Systems, Inc. – Telephone systems
USA, Inc. Filed September 29, 1998
EyeWire, Inc. Delaware Adobe Systems, Inc. No. 9847206 Intellectual property
Filed October 23, 1998 rights defined in the
Asset Transfer
Agreement between Adobe
Systems, Inc. and
EyeWire, Inc. dated
August 5, 1999
Getty Images, Inc. Delaware Banc of America No. 1144038 Furniture and
Leasing & Capital, LLC Filed October 19, 2001 equipment, etc.
Texas ICI
_____________
dt 1308654
;
ER
As referenced in this Credit Agreement:
environmental remediation, – all Laws relating to environmental, health,
safety and land use matters applicable to any property.
"Environmental Liability" means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines,
penalties or indemnities), of the Borrower or any other Loan Party directly or
indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation,
_____________
dt 995868
;
|
Getty Images
As referenced in this Credit Agreement:
GETTY IMAGES, INC – TYPE}EX-10.3
{SEQUENCE}6
{FILENAME}dex103.txt
{DESCRIPTION}CREDIT AGREEMENT DATED JULY 19, 2002
{TEXT}
{PAGE}
Exhibit 10.3
================================================================================
CREDIT AGREEMENT
Dated as of July 19, 2002
among
GETTY IMAGES, INC .,
as the Borrower,
BANK OF AMERICA, N.A.,
as Administrative Agent, Security Trustee, Swing Line Lender
and
L/C Issuer,
and
The Other Lenders Party Hereto
BANC OF AMERICA
_____________
GETTY IMAGES, INC – Pledge Agreement
H Compliance Certificate
I Assignment and Assumption
J Opinion of Counsel
iv
{PAGE}
CREDIT AGREEMENT
This CREDIT AGREEMENT ("Agreement") is entered into as of July 19,
2002, among GETTY IMAGES, INC ., a Delaware corporation (the "Borrower"), each
lender from time to time party hereto (collectively, the "Lenders" and
individually, a "Lender") and BANK OF AMERICA, N.A., a national banking
_____________
Getty Images, Inc – syndicate of lenders.
"Existing Letters of Credit" means, together, (a) Irrevocable Standby
Letter of Credit No. 3024893, dated April 11, 2000, issued by Bank of America
for the account of Getty Images, Inc . for the benefit of The Rector Church -
Wardens and Vestrymen of Trinity Church in the City of New York Parish of
Trinity Church in the City of New York
_____________
GETTY IMAGES, INC – OF A DEBT ARE NOT
ENFORCEABLE UNDER WASHINGTON LAW.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the date first above written.
GETTY IMAGES, INC .
By: /s/ Elizabeth J. Huebner
--------------------------------------
Name: Elizabeth J. Huebner
------------------------------------
Title: SVP and Chief Financial Officer
-----------------------------------
BANK OF AMERICA, N.A., as Administrative
Agent and Security Trustee
By: /s/ Ken
_____________
Getty Images, Inc – Ltd. Australia
Getty Images S.L. Spain
Getty Images S.R.L. Italy
Getty Images South America LLC Delaware
Getty Images Sweden A.B. Sweden
Getty Images Thailand, Inc. Washington
Getty Images, Inc . Delaware
Getty Images/Chicago, Inc. Delaware
Gettyone Midwest, Inc. Delaware
Gettyone Northwest, Inc. Washington
Gettyone.Com, Inc. Washington
Hulton Archive Limited England and
Wales
Hulton Getty Holdings Limited England
_____________
dt 1502612
;
McGraw-Hill Companies
As referenced in this Credit Agreement:
McGraw-Hill Companies, Inc – thereof, and (e) such additional dates as the Administrative Agent or the
Required Lenders shall specify.
21
{PAGE}
"S&P" means Standard & Poor's Ratings Services, a division of The
McGraw-Hill Companies, Inc . or any successor thereto.
"Same Day Funds" means (a) with respect to disbursements and payments
in Dollars, immediately available funds, and (b) with respect to disbursements
and payments in
_____________
dt 742134
;
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Credit Agreement
Credit Agreement (332K)
Doc #369755: Click preview link for longer preview.
|