Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Doc 20-Debtors In Possession Credit Agreement with Garrison Loan

Doc 20-Debtors In Possession Credit Agreement with Garrison Loan

Ratings: (0)|Views: 85|Likes:
Published by Dentist The Menace
Debtors In Possession Credit Agreement with Garrison Loan
Doc 20
Filed February 21, 2012
Debtors In Possession Credit Agreement with Garrison Loan
Doc 20
Filed February 21, 2012

More info:

Published by: Dentist The Menace on May 23, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

05/23/2012

pdf

text

original

 
EXECUTION VERSION
101234622.13
 $12,000,000
DEBTOR-IN-POSSESSION CREDIT AGREEMENT
Dated as of February [
], 2012amongCHURCH STREET HEALTH MANAGEMENT, LLCas Borrower andTHE GUARANTORS NAMED HEREINas GuarantorsandTHE INITIAL LENDERS NAMED HEREINas Initial Lenders,andGARRISON LOAN AGENCY SERVICES LLCas Collateral AgentandGARRISON LOAN AGENCY SERVICES LLCas Administrative Agent
 
TABLE OF CONTENTS
Pagei
101234622.13
 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
 
SECTION 1.01Certain Defined Terms..................................................................................1
 
SECTION 1.02Computation of Time Periods; Other Definitional Provisions....................19
 
SECTION 1.03Accounting Terms.......................................................................................19
 
ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES
 
SECTION 2.01The Revolving Credit Advances.................................................................19
 
SECTION 2.02Making the Revolving Credit Advances.....................................................19
 
SECTION 2.03Repayment of Revolving Credit Advances.................................................20
 
SECTION 2.04Termination or Reduction of the Revolving Credit Commitments.............21
 
SECTION 2.05Prepayments................................................................................................21
 
SECTION 2.06Interest.........................................................................................................21
 
SECTION 2.07Fees.............................................................................................................22
 
SECTION 2.08Conversion of Revolving Credit Advances.................................................22
 
SECTION 2.09Increased Costs, Etc....................................................................................23
 
SECTION 2.10Payments and Computations.......................................................................25
 
SECTION 2.11Taxes...........................................................................................................26
 
SECTION 2.12Sharing of Payments, Etc............................................................................28
 
SECTION 2.13Use of Proceeds...........................................................................................29
 
SECTION 2.14Defaulting Lenders......................................................................................29
 
SECTION 2.15Evidence of Debt.........................................................................................31
 
ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING
 
SECTION 3.01Conditions Precedent..................................................................................32
 
SECTION 3.02Conditions Precedent to Each Revolving Credit Borrowing......................34
 
SECTION 3.03Determinations Under Section 3.01............................................................35
 
ARTICLE IV REPRESENTATIONS AND WARRANTIES
 
SECTION 4.01Representations and Warranties of the Borrower.......................................35
 
 
TABLE OF CONTENTS(
continued
)
Page
ii
101234622.13
 ARTICLE V AFFIRMATIVE COVENANTS
 
SECTION 5.01Compliance with Laws, Etc........................................................................42
 
SECTION 5.02Payment of Taxes, Etc................................................................................43
 
SECTION 5.03Compliance with Environmental Laws.......................................................43
 
SECTION 5.04Maintenance of Insurance...........................................................................43
 
SECTION 5.05Preservation of Corporate Existence, Etc...................................................43
 
SECTION 5.06Visitation Rights.........................................................................................43
 
SECTION 5.07Keeping of Books........................................................................................44
 
SECTION 5.08Maintenance of Properties, Etc...................................................................44
 
SECTION 5.09Covenant to Guarantee Obligations and Give Security..............................44
 
SECTION 5.10Further Assurances......................................................................................45
 
SECTION 5.11Performance of Loan Documents................................................................46
 
SECTION 5.12Preparation of Environmental Reports........................................................46
 
SECTION 5.13Healthcare Matters......................................................................................46
 
SECTION 5.14Compliance with Terms of Leaseholds.......................................................47
 
SECTION 5.15Health Compliance Programs.....................................................................47
 
SECTION 5.16Performance of Material Contracts.............................................................47
 
SECTION 5.17Settlement and Bankruptcy Actions............................................................47
 
ARTICLE VI  NEGATIVE COVENANTS
 
SECTION 6.01Liens, Etc....................................................................................................48
 
SECTION 6.02Debt.............................................................................................................48
 
SECTION 6.03Change in Nature of Business.....................................................................48
 
SECTION 6.04Mergers, Etc................................................................................................48
 
SECTION 6.05Sales, Etc. of Assets....................................................................................48
 
SECTION 6.06Investments in Other Persons......................................................................49
 
SECTION 6.07Restricted Payments....................................................................................49
 
SECTION 6.08Transactions with Affiliates........................................................................49
 
SECTION 6.09Amendments of Constitutive Documents...................................................49
 
SECTION 6.10Accounting Changes...................................................................................49
 
SECTION 6.11Prepayments, Etc., of Debt..........................................................................49
 
SECTION 6.12Negative Pledge..........................................................................................49
 
SECTION 6.13Partnerships, Etc..........................................................................................49
 
SECTION 6.14Speculative Transactions.............................................................................49
 
SECTION 6.15Capital Expenditures...................................................................................50
 
SECTION 6.16Payment Restrictions Affecting Subsidiaries..............................................50
 
SECTION 6.17Amendment, Etc., of Material Contracts....................................................50
 
SECTION 6.18Holding Company Status............................................................................50
 
SECTION 6.19Budget.........................................................................................................50
 

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->