EXECUTED DOCUMENT
as amended and restated on June 20, 2007
as the Parent Borrower,
from Time to Time Parties Hereto,
as Administrative Agent, Swingline Lender
and Letter of Credit Issuer,
and
CITICORP NORTH AMERICA, INC.,
as Co-Syndication Agents,
as Documentation Agent
J.P. MORGAN SECURITIES INC.,
CITIGROUP GLOBAL MARKETS INC.
and
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED,
as Joint Lead Arrangers and Bookrunners,
and
WACHOVIA CAPITAL MARKETS, LLC,
as Joint Bookrunners
80 Pine Street
New York, New York 10005
Page | ||||||||
SECTION 1. | Definitions | 3 | ||||||
1.1. | Defined Terms | 3 | ||||||
1.2. | Other Interpretive Provisions | 55 | ||||||
1.3. | Accounting Terms | 55 | ||||||
1.4. | Rounding | 56 | ||||||
1.5. | References to Agreements, Laws, Etc. | 56 | ||||||
1.6. | Exchange Rates | 56 | ||||||
1.7. | Reserve Amounts | 56 | ||||||
SECTION 2. | Amount and Terms of Credit | 56 | ||||||
2.1. | Commitments | 56 | ||||||
2.2. | Minimum Amount of Each Borrowing; Maximum Number of Borrowings | 59 | ||||||
2.3. | Notice of Borrowing | 59 | ||||||
2.4. | Disbursement of Funds | 60 | ||||||
2.5. | Repayment of Loans; Evidence of Debt | 61 | ||||||
2.6. | Conversions and Continuations | 62 | ||||||
2.7. | Pro Rata Borrowings | 63 | ||||||
2.8. | Interest | 63 | ||||||
2.9. | Interest Periods | 65 | ||||||
2.10. | Increased Costs, Illegality, Etc. | 66 | ||||||
2.11. | Compensation | 67 | ||||||
2.12. | Change of Lending Office | 68 | ||||||
2.13. | Notice of Certain Costs | 68 | ||||||
2.14. | Incremental Facilities | 68 | ||||||
2.15. | Reserves | 70 | ||||||
SECTION 3. | Letters of Credit | 70 | ||||||
3.1. | Letters of Credit | 70 | ||||||
3.2. | Letter of Credit Requests | 72 | ||||||
3.3. | Letter of Credit Participations | 74 | ||||||
3.4. | Agreement to Repay Letter of Credit Drawings | 76 | ||||||
3.5. | Increased Costs | 77 | ||||||
3.6. | New or Successor Letter of Credit Issuer | 78 | ||||||
3.7. | Role of Letter of Credit Issuer | 79 | ||||||
3.8. | Cash Collateral | 80 | ||||||
3.9. | Applicability of ISP and UCP | 81 | ||||||
3.10. | Conflict with Issuer Documents | 81 | ||||||
3.11. | Letters of Credit Issued for Restricted Subsidiaries | 81 | ||||||
SECTION 4. | Fees; Commitments | 81 | ||||||
4.1. | Fees | 81 | ||||||
4.2. | Voluntary Reduction of New Revolving Credit Commitments | 84 |
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4.3. | Mandatory Termination of Commitments | 84 | ||||||
SECTION 5. | Payments | 84 | ||||||
5.1. | Voluntary Prepayments | 84 | ||||||
5.2. | Mandatory Prepayments | 85 | ||||||
5.3. | Method and Place of Payment | 86 | ||||||
5.4. | Net Payments | 87 | ||||||
5.5. | Computations of Interest and Fees | 90 | ||||||
5.6. | Limit on Rate of Interest | 90 | ||||||
SECTION 6. | Conditions Precedent to Amendment and Restatement | 90 | ||||||
6.1. | Credit Documents | 91 | ||||||
6.2. | Amendment Agreement Conditions | 91 | ||||||
SECTION 7. | Conditions Precedent to All Credit Events | 91 | ||||||
7.1. | No Default; Representations and Warranties | 91 | ||||||
7.2. | Notice of Borrowing; Letter of Credit Request | 91 | ||||||
SECTION 8. | Representations, Warranties and Agreements | 91 | ||||||
8.1. | Corporate Status | 92 | ||||||
8.2. | Corporate Power and Authority | 92 | ||||||
8.3. | No Violation | 92 | ||||||
8.4. | Litigation | 92 | ||||||
8.5. | Margin Regulations | 92 | ||||||
8.6. | Governmental Approvals | 93 | ||||||
8.7. | Investment Company Act | 93 | ||||||
8.8. | True and Complete Disclosure | 93 | ||||||
8.9. | Financial Condition; Financial Statements | 93 | ||||||
8.10. | Tax Matters | 93 | ||||||
8.11. | Compliance with ERISA | 94 | ||||||
8.12. | Subsidiaries | 94 | ||||||
8.13. | Intellectual Property | 94 | ||||||
8.14. | Environmental Laws | 95 | ||||||
8.15. | Properties | 95 | ||||||
8.16. | Solvency | 95 | ||||||
8.17. | Delayed Equity Arrangements | 95 | ||||||
SECTION 9. | Affirmative Covenants | 95 | ||||||
9.1. | Information Covenants | 95 | ||||||
9.2. | Books, Records and Inspections | 100 | ||||||
9.3. | Maintenance of Insurance | 101 | ||||||
9.4. | Payment of Taxes | 101 | ||||||
9.5. | Consolidated Corporate Franchises | 101 | ||||||
9.6. | Compliance with Statutes, Regulations, Etc. | 101 | ||||||
9.7. | ERISA | 101 | ||||||
9.8. | Maintenance of Properties | 102 | ||||||
9.9. | Transactions with Affiliates | 102 |
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9.10. | End of Fiscal Years; Fiscal Quarters | 103 | ||||||
9.11. | Additional Borrowers | 103 | ||||||
9.12. | [Reserved] | 103 | ||||||
9.13. | Use of Proceeds | 103 | ||||||
9.14. | Further Assurances | 104 | ||||||
9.15. | Cash Management Systems | 104 | ||||||
SECTION 10. | Negative Covenants | 109 | ||||||
10.1. | Limitation on Indebtedness | 109 | ||||||
10.2. | Limitation on Liens | 116 | ||||||
10.3. | Limitation on Fundamental Changes | 119 | ||||||
10.4. | Limitation on Sale of Assets | 121 | ||||||
10.5. | Limitation on Investments | 123 | ||||||
10.6. | Limitation on Dividends | 126 | ||||||
10.7. | Limitations on Debt Payments and Amendments; Matters Relating to Required Additional Equity Investments | 128 | ||||||
10.8. | Limitations on Sale Leasebacks | 130 | ||||||
10.9. | Minimum Interest Coverage Ratio | 130 | ||||||
10.10. | Changes in Business | 130 | ||||||
10.11. | 1993 Indenture Restricted Subsidiaries | 130 | ||||||
SECTION 11. | Events of Default | 130 | ||||||
11.1. | Payments | 130 | ||||||
11.2. | Representations, Etc. | 130 | ||||||
11.3. | Covenants | 131 | ||||||
11.4. | Default Under Other Agreements | 131 | ||||||
11.5. | Bankruptcy, Etc. | 131 | ||||||
11.6. | ERISA | 132 | ||||||
11.7. | [Reserved] | 132 | ||||||
11.8. | [Reserved] | 132 | ||||||
11.9. | Security Agreement | 132 | ||||||
11.10. | [Reserved] | 133 | ||||||
11.11. | Judgments | 133 | ||||||
11.12. | Change of Control | 133 | ||||||
11.13. | Certain Amendments and Waivers to CF Agreement | 134 | ||||||
SECTION 12. | Investors’ Right To Cure | 134 | ||||||
SECTION 13. | The Agents | 135 | ||||||
13.1. | Appointment | 135 | ||||||
13.2. | Delegation of Duties | 136 | ||||||
13.3. | Exculpatory Provisions | 136 | ||||||
13.4. | Reliance by Agents | 136 | ||||||
13.5. | Notice of Default | 137 | ||||||
13.6. | Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders | 137 |
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13.7. | Indemnification | 138 | ||||||
13.8. | Administrative Agent in its Individual Capacity | 138 | ||||||
13.9. | Successor Agents | 138 | ||||||
13.10. | Withholding Tax | 139 | ||||||
13.11. | Reports and Financial Statements | 140 | ||||||
SECTION 14. | Miscellaneous | 140 | ||||||
14.1. | Amendments and Waivers | 140 | ||||||
14.2. | Notices | 143 | ||||||
14.3. | No Waiver; Cumulative Remedies | 143 | ||||||
14.4. | Survival of Representations and Warranties | 143 | ||||||
14.5. | Payment of Expenses | 143 | ||||||
14.6. | Successors and Assigns; Participations and Assignments | 144 | ||||||
14.7. | Replacements of Lenders under Certain Circumstances | 148 | ||||||
14.8. | Adjustments; Set-off | 149 | ||||||
14.9. | Counterparts | 150 | ||||||
14.10. | Severability | 150 | ||||||
14.11. | Integration | 150 | ||||||
14.12. | GOVERNING LAW | 150 | ||||||
14.13. | Submission to Jurisdiction; Waivers | 150 | ||||||
14.14. | Acknowledgments | 151 | ||||||
14.15. | WAIVERS OF JURY TRIAL | 152 | ||||||
14.16. | Confidentiality | 152 | ||||||
14.17. | Direct Website Communications | 152 | ||||||
14.18. | USA Patriot Act | 154 | ||||||
14.19. | Joint and Several Liability | 154 | ||||||
14.20. | Contribution and Indemnification Among the Borrowers | 155 | ||||||
14.21. | Agency of the Parent Borrower for Each Other Borrower | 156 | ||||||
14.22. | Reinstatement | 156 | ||||||
14.23. | Express Waivers by Borrowers in Respect of Cross Guaranties and Cross Collateralization | 156 |
Schedule 1.1(d) | Excluded Subsidiaries | |
Schedule 1.1(f) | Retained Indebtedness | |
Schedule 1.1(g) | Debt Repayment | |
Schedule 1.1(h) | Consolidated Persons | |
Schedule 6.3(a) | Local Counsel to Borrowers and Administrative Agent |
1 | Schedules are not being amended or restated except for Schedule 1.1(c) which is being deleted hereby. The original schedules are attached hereto for your convenience. |
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Schedule 8.4 | Litigation | |
Schedule 8.12 | Subsidiaries | |
Schedule 9.9 | Closing Date Affiliate Transactions | |
Schedule 9.15(a) | Government Receivables Deposit Accounts | |
Schedule 9.15(c) | Blocked Accounts | |
Schedule 9.15(e) | Credit Card Arrangements | |
Schedule 10.1 | Closing Date Indebtedness | |
Schedule 10.2 | Closing Date Liens | |
Schedule 10.5 | Closing Date Investments | |
Schedule 14.2 | Notice Addresses |
Exhibit A | Form of Borrowing Base Certificate | |
Exhibit D | Form of Perfection Certificate | |
Exhibit F | Form of Security Agreement | |
Exhibit G | Form of Letter of Credit Request | |
Exhibit H-1 | Form of Legal Opinion of Simpson Thacher & Bartlett LLP | |
Exhibit H-2 | Form of Legal Opinion of General Counsel | |
Exhibit I | Form of Closing Certificate | |
Exhibit J | Form of Assignment and Acceptance | |
Exhibit K | Form of Promissory Note | |
Exhibit L | Form of Joinder Agreement |
2 | Exhibits are not being amended and restated hereby except for Exhibits H-1 and K. All other original exhibits are attached hereto for your convenience. |
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Status | Applicable ABR Margin | |||
Level I Status | 0.50 | % | ||
Level II Status | 0.25 | % | ||
Level III Status | 0.00 | % |
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Status | Applicable LIBOR Margin | |||
Level I Status | 1.50 | % | ||
Level II Status | 1.25 | % | ||
Level III Status | 1.00 | % |
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Status | Commitment Fee Rate | |||
Level I Status | 0.375 | % | ||
Level II Status | 0.375 | % | ||
Level III Status | 0.250 | % |
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HCA INC. | ||||
By: | /s/ David G. Anderson | |||
Name: | David G. Anderson | |||
Title: | Senior VP-Finance and Treasurer | |||
The SUBSIDIARY BORROWERS listed on Schedule 1 to the Original Credit Agreement | ||||
By: | /s/ R. Milton Johnson | |||
Name: | R. Milton Johnson | |||
Title: | Vice President | |||
BANK OF AMERICA, N.A., as Administrative Agent, as Collateral Agent, as Swingline Lender, as Letter of Credit Issuer and as a Lender | ||||
By: | /s/ William S. Wilson | |||
Name: | William S. Wilson | |||
Title: | Vice President | |||
JPMORGAN CHASE BANK, N.A., as Co-Syndication Agent and as a Lender | ||||
By: | /s/ Dawn L. LeeLum | |||
Name: | Dawn L. LeeLum | |||
Title: | Executive Director | |||
CITIGROUP GLOBAL MARKETS INC., as Joint Lead Arranger, Joint Bookrunner and Co-Syndication Agent | ||||
By: | /s/ James J. McCarthy | |||
Name: | James J. McCarthy | |||
Title: | Managing Director and Vice President | |||
BANC OF AMERICA SECURITIES, LLC, as Joint Lead Arranger and Bookrunner | ||||
By: | /s/ James B. Mascott | |||
Name: | James B. Mascott | |||
Title: | Vice President | |||
J.P. MORGAN SECURITIES INC., as Joint Lead Arranger and Bookrunner | ||||
By: | /s/ John M. McKenna | |||
Name: | John M. McKenna | |||
Title: | Executive Director | |||
CITICORP NORTH AMERICA, INC., as Co-Syndication Agent and as a Lender | ||||
By: | /s/ James J. McCarthy | |||
Name: | James J. McCarthy | |||
Title: | Managing Director and Vice President | |||
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as Joint Lead Arranger and Bookrunner | ||||
By: | /s/ Sarang Gadkari | |||
Name: | Sarang Gadkari | |||
Title: | Managing Director | |||