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364-DAY SENIOR BRIDGE LOAN AGREEMENT

Bridge Loan Agreement

364-DAY SENIOR BRIDGE LOAN AGREEMENT You are currently viewing:
This Bridge Loan Agreement involves

TYCO INTERNATIONAL GROUP S.A., | CITIGROUP GLOBAL MARKETS INC. | UBS SECURITIES LLC | BANC OF AMERICA SECURITIES LLC

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Title: 364-DAY SENIOR BRIDGE LOAN AGREEMENT
Governing Law: New York     Date: 4/27/2007
Industry: CONGLM     Sector: CONGLO

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Exhibit 10

Exhibit 10.2

CONFORMED COPY


 

Published CUSIP Number:                       

364-DAY SENIOR BRIDGE LOAN AGREEMENT
(Healthcare Businesses)

dated as of

April 25, 2007

among

TYCO INTERNATIONAL GROUP S.A.,
Initial Borrower

TYCO INTERNATIONAL LTD.,
Initial Guarantor

COVIDIEN INTERNATIONAL FINANCE S.A.,
H Borrower

COVIDIEN LTD.,
H Guarantor

The Lenders Party Hereto

and

CITIBANK, N.A.
as Administrative Agent

CITIGROUP GLOBAL MARKETS INC. and UBS SECURITIES LLC
as Joint Bookrunners and Joint Lead Arrangers

CITIGROUP GLOBAL MARKETS INC.
BANC OF AMERICA SECURITIES LLC
as Global Coordinators

 

 



 

TABLE OF CONTENTS

 

 

 

 

Page

ARTICLE I

 

Definitions

 

1

 

Section 1.01

 

Defined Terms

 

1

 

Section 1.02

 

Classification of Loans and Borrowings

 

19

 

Section 1.03

 

Terms Generally

 

19

 

Section 1.04

 

Accounting Terms; GAAP

 

20

 

 

 

 

 

ARTICLE II

 

The Credits

 

20

 

Section 2.01

 

Commitments

 

20

 

Section 2.02

 

Loans and Borrowings

 

20

 

Section 2.03

 

Requests for Borrowings

 

21

 

Section 2.04

 

[Intentionally omitted]

 

22

 

Section 2.05

 

Funding of Borrowings

 

22

 

Section 2.06

 

Interest Elections

 

23

 

Section 2.07

 

Termination and Reduction of Commitments

 

24

 

Section 2.08

 

Repayment of Loans; Evidence of Debt

 

25

 

Section 2.09

 

Prepayment of Loans; Mandatory Reduction of Commitments

 

26

 

Section 2.10

 

Fees

 

27

 

Section 2.11

 

Interest

 

27

 

Section 2.12

 

Calculation of Interest and Fees

 

28

 

Section 2.13

 

Payments Generally; Pro Rata Treatment; Sharing of Set-offs

 

28

 

 

 

 

 

ARTICLE III

 

Representations and Warranties

 

30

 

Section 3.01

 

Organization; Powers

 

30

 

Section 3.02

 

Authorization; Enforceability

 

30

 

Section 3.03

 

Governmental Approvals; No Conflicts

 

30

 

Section 3.04

 

Financial Condition; No Material Adverse Change

 

30

 

Section 3.05

 

Litigation and Environmental Matters

 

31

 

Section 3.06

 

Investment Company Status

 

32

 

Section 3.07

 

Taxes

 

32

 

Section 3.08

 

ERISA

 

32

 

Section 3.09

 

Disclosure

 

32

 

Section 3.10

 

Subsidiaries

 

32

 

Section 3.11

 

Margin Regulations

 

33

 

 

 

 

 

ARTICLE IV

 

Conditions

 

33

 

Section 4.01

 

Effective Date

 

33

 

Section 4.02

 

Each Borrowing

 

34

 

 

 

 

 

ARTICLE V

 

Covenants

 

35

 

Section 5.01

 

Financial Statements and Other Information

 

35

 

Section 5.02

 

Existence; Conduct of Business

 

37

 

Section 5.03

 

Maintenance of Properties; Insurance

 

37

 

 

 

 

 

 

 

 

 

 

 

 



 

 

Section 5.04

 

Books and Records; Inspection Rights

 

37

 

Section 5.05

 

Compliance with Laws

 

38

 

Section 5.06

 

Use of Proceeds

 

38

 

Section 5.07

 

Liens

 

38

 

Section 5.08

 

Fundamental Changes

 

40

 

Section 5.09

 

Financial Covenant

 

41

 

Section 5.10

 

Limitation on Restrictions on Subsidiary Dividends and Other Distributions

 

41

 

Section 5.11

 

Transactions with Affiliates

 

43

 

Section 5.12

 

Subsidiary Guarantors

 

44

 

 

 

 

 

ARTICLE VI

 

Events of Default

 

45

 

 

 

 

 

ARTICLE VII

 

The Administrative Agent

 

48

 

 

 

 

 

ARTICLE VIII

 

Guarantee

 

50

 

Section 8.01

 

The Guarantee

 

50

 

Section 8.02

 

Guarantee Unconditional

 

51

 

Section 8.03

 

Discharge Only upon Payment in Full; Reimbursement in Certain Circumstances

 

51

 

Section 8.04

 

Waiver by the Guarantor

 

52

 

Section 8.05

 

Subrogation

 

52

 

Section 8.06

 

Stay of Acceleration

 

52

 

 

 

 

 

ARTICLE IX

 

Yield Protection, Illegality and Taxes

 

52

 

Section 9.01

 

Alternate Rate of Interest

 

52

 

Section 9.02

 

Illegality

 

53

 

Section 9.03

 

Increased Costs

 

53

 

Section 9.04

 

Break Funding Payments

 

54

 

Section 9.05

 

Taxes

 

54

 

Section 9.06

 

Matters Applicable to all Requests for Compensation

 

56

 

Section 9.07

 

Mitigation Obligations

 

56

 

 

 

 

 

ARTICLE X

 

Miscellaneous

 

56

 

Section 10.01

 

Notices

 

56

 

Section 10.02

 

Waivers; Amendments

 

58

 

Section 10.03

 

Expenses; Indemnity; Damage Waiver

 

59

 

Section 10.04

 

Successors and Assigns

 

60

 

Section 10.05

 

Survival

 

65

 

Section 10.06

 

Counterparts; Integration; Effectiveness

 

65

 

Section 10.07

 

Severability

 

65

 

Section 10.08

 

Right of Setoff

 

66

 

Section 10.09

 

Governing Law; Jurisdiction; Consent to Service of Process

 

66

 

Section 10.10

 

Waiver of Jury Trial

 

67

 

Section 10.11

 

Waiver of Immunities

 

67

 

Section 10.12

 

Judgment Currency

 

68