Exhibit 10.1
EXECUTION COPY
AXA
AXA FINANCIAL, INC.
AXA FINANCIAL (BERMUDA) LTD
as Borrowers
AXA
as Guarantor
BNP PARIBAS
CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK
CITIGROUP GLOBAL MARKETS LIMITED
HSBC FRANCE
NATIXIS
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING
and
THE ROYAL BANK OF SCOTLAND PLC.
as Bookrunner-Mandated Lead Arrangers
HSBC FRANCE
as Agent
HSBC BANK USA, NA
as Swingline Agent
and
THE LENDERS
CREDIT AGREEMENT
€4,000,000,000 (or its equivalent in Optional Currencies)
CONTENTS
Clause
Page
1.
DEFINITIONS AND INTERPRETATION
2
2.
THE FACILITIES
21
3.
PURPOSE
21
4.
CONDITIONS OF UTILISATION
22
5.
UTILISATION - LOANS
24
6.
UTILISATION - LETTERS OF CREDIT
26
7.
THE LETTERS OF CREDIT
30
8.
UTILISATION - SWINGLINE LOANS
31
9.
REPAYMENT AND PREPAYMENT OF SWINGLINE LOANS
34
10.
OPTIONAL CURRENCIES
37
11.
REPAYMENT AND EXTENSION OPTION
38
12.
PREPAYMENT AND CANCELLATION
40
13.
INTEREST
47
14.
INTEREST PERIODS
48
15.
CHANGES TO THE CALCULATION OF INTEREST
48
16.
FEES
50
17.
TAX GROSS-UP AND INDEMNITIES
52
18.
INCREASED COSTS
57
19.
OTHER INDEMNITIES
58
20.
MITIGATION BY THE LENDERS
60
21.
COSTS AND EXPENSES
60
22.
GUARANTEE
62
23.
REPRESENTATIONS
64
24.
ADDITIONAL AXA REPRESENTATIONS AND WARRANTIES
66
25.
ADDITIONAL U.S. BORROWER REPRESENTATIONS AND WARRANTIES
66
26.
INFORMATION UNDERTAKINGS
66
27.
ADDITIONAL U.S. BORROWER INFORMATION UNDERTAKINGS
67
28.
"KNOW YOUR CUSTOMER" CHECKS
67
29.
GENERAL UNDERTAKINGS
68
30.
ADDITIONAL U.S. BORROWER GENERAL UNDERTAKINGS
71
31.
EVENTS OF DEFAULT
71
32.
SPECIAL EARLY TERMINATION EVENTS
75
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33.
CHANGES TO THE LENDERS
77
34.
SECURITY OVER LENDERS' RIGHTS
80
35.
PRO RATA INTEREST SETTLEMENT
81
36.
CHANGES TO THE OBLIGORS
82
37.
ROLE OF THE AGENT, THE ARRANGERS AND THE SWINGLINE AGENT
85
38.
CONDUCT OF BUSINESS BY THE FINANCE PARTIES
92
39.
SHARING AMONG THE FINANCE PARTIES
92
40.
PAYMENT MECHANICS
94
41.
DISRUPTION TO PAYMENT SYSTEMS ETC.
96
42.
IMPAIRED AGENT
97
43.
SET-OFF
98
44.
NOTICES
98
45.
COMMUNICATION WHEN AGENT IS IMPAIRED AGENT
101
46.
CALCULATIONS AND CERTIFICATES
101
47.
PARTIAL INVALIDITY
101
48.
REMEDIES AND WAIVERS
102
49.
AMENDMENTS AND WAIVERS
102
50.
CONFIDENTIALITY
104
51.
GOVERNING LAW
109
52.
ENFORCEMENT - JURISDICTION
109
53.
ELECTION OF DOMICILE
109
54.
U.S.A. PATRIOT ACT
109
SCHEDULE 1 THE ORIGINAL PARTIES
110
SCHEDULE 2 CONDITIONS PRECEDENT
113
SCHEDULE 3 REQUESTS
117
SCHEDULE 4 MANDATORY COST FORMULAE
120
SCHEDULE 5 FORM OF TRANSFER AGREEMENT
123
SCHEDULE 6 FORM OF ACCESSION LETTER
125
SCHEDULE 7 FORM OF RESIGNATION LETTER
126
SCHEDULE 8 FORM OF CONFIDENTIALITY UNDERTAKING
127
SCHEDULE 9 TIMETABLES
131
SCHEDULE 10 FORMS OF LETTER OF CREDIT
134
SCHEDULE 10A CONFIRMATION
139
SCHEDULE 11 U.S. BORROWER REPRESENTATIONS AND WARRANTIES
140
SCHEDULE 12 U.S. BORROWER INFORMATION UNDERTAKINGS
142
SCHEDULE 13 U.S. BORROWER GENERAL UNDERTAKINGS
143
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This Agreement dated 13 July 2011 (the "Agreement") is made between:
(1)
AXA, a French société anonyme, whose head office is at 25, avenue Matignon,
75008 Paris (France) ("AXA", the "Guarantor" or the "Company");
(2)
AXA FINANCIAL, INC., a Delaware