364-DAY SENIOR BRIDGE LOAN AGREEMENTBridge Loan Agreement |
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TYCO INTERNATIONAL GROUP S.A., | CITIGROUP GLOBAL MARKETS INC. | UBS SECURITIES LLC | BANC OF AMERICA SECURITIES LLC. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Search Bridge Loan Agreement by:
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
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ARTICLE I |
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Definitions |
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1 |
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Section 1.01 |
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Defined Terms |
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1 |
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Section 1.02 |
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Classification of Loans and Borrowings |
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19 |
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Section 1.03 |
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Terms Generally |
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19 |
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Section 1.04 |
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Accounting Terms; GAAP |
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20 |
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ARTICLE II |
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The Credits |
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20 |
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Section 2.01 |
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Commitments |
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20 |
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Section 2.02 |
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Loans and Borrowings |
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20 |
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Section 2.03 |
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Requests for Borrowings |
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21 |
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Section 2.04 |
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[Intentionally omitted] |
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22 |
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Section 2.05 |
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Funding of Borrowings |
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22 |
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Section 2.06 |
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Interest Elections |
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23 |
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Section 2.07 |
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Termination and Reduction of Commitments |
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24 |
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Section 2.08 |
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Repayment of Loans; Evidence of Debt |
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25 |
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Section 2.09 |
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Prepayment of Loans; Mandatory Reduction of Commitments |
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26 |
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Section 2.10 |
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Fees |
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27 |
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Section 2.11 |
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Interest |
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27 |
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Section 2.12 |
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Calculation of Interest and Fees |
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28 |
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Section 2.13 |
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Payments Generally; Pro Rata Treatment; Sharing of Set-offs |
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28 |
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ARTICLE III |
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Representations and Warranties |
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30 |
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Section 3.01 |
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Organization; Powers |
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30 |
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Section 3.02 |
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Authorization; Enforceability |
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30 |
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Section 3.03 |
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Governmental Approvals; No Conflicts |
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30 |
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Section 3.04 |
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Financial Condition; No Material Adverse Change |
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30 |
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Section 3.05 |
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Litigation and Environmental Matters |
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31 |
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Section 3.06 |
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Investment Company Status |
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32 |
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Section 3.07 |
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Taxes |
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Section 3.08 |
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ERISA |
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32 |
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Section 3.09 |
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Disclosure |
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32 |
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Section 3.10 |
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Subsidiaries |
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32 |
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Section 3.11 |
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Margin Regulations |
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33 |
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ARTICLE IV |
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Conditions |
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33 |
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Section 4.01 |
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Effective Date |
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33 |
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Section 4.02 |
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Each Borrowing |
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ARTICLE V |
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Covenants |
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Section 5.01 |
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Financial Statements and Other Information |
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35 |
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Section 5.02 |
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Existence; Conduct of Business |
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Section 5.03 |
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Maintenance of Properties; Insurance |
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Section 5.04 |
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Books and Records; Inspection Rights |
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Section 5.05 |
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Compliance with Laws |
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Section 5.06 |
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Use of Proceeds |
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Section 5.07 |
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Liens |
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Section 5.08 |
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Fundamental Changes |
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Section 5.09 |
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Financial Covenant |
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Section 5.10 |
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Limitation on Restrictions on Subsidiary Dividends and Other Distributions |
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Section 5.11 |
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Transactions with Affiliates |
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Section 5.12 |
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Subsidiary Guarantors |
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ARTICLE VI |
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Events of Default |
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ARTICLE VII |
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The Administrative Agent |
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ARTICLE VIII |
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Guarantee |
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Section 8.01 |
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The Guarantee |
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Section 8.02 |
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Guarantee Unconditional |
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Section 8.03 |
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Discharge Only upon Payment in Full; Reimbursement in Certain Circumstances |
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Section 8.04 |
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Waiver by the Guarantor |
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Section 8.05 |
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Subrogation |
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Section 8.06 |
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Stay of Acceleration |
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ARTICLE IX |
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Yield Protection, Illegality and Taxes |
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Section 9.01 |
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Alternate Rate of Interest |
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Section 9.02 |
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Illegality |
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Section 9.03 |
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Increased Costs |
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Section 9.04 |
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Break Funding Payments |
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Section 9.05 |
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Taxes |
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Section 9.06 |
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Matters Applicable to all Requests for Compensation |
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Section 9.07 |
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Mitigation Obligations |
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ARTICLE X |
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Miscellaneous |
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Section 10.01 |
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Notices |
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Section 10.02 |
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Waivers; Amendments |
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Section 10.03 |
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Expenses; Indemnity; Damage Waiver |
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Section 10.04 |
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Successors and Assigns |
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Section 10.05 |
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Survival |
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Section 10.06 |
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Counterparts; Integration; Effectiveness |
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Section 10.07 |
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Severability |
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Section 10.08 |
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Right of Setoff |
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Section 10.09 |
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Governing Law; Jurisdiction; Consent to Service of Process |
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Section 10.10 |
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Waiver of Jury Trial |
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Section 10.11 |
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Waiver of Immunities |
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Section 10.12 |
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Judgment Currency |
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