Agent and Other Lenders
104106
12.07
Indemnification by the Lenders
104106
12.08
Rights as a Lender
106
12.09
Administrative Agent May File Proofs of Claim; Credit Bidding
105107
12.10
Resignation of the Agents
106108
12.11
Collateral Matters and Guaranty Matters
106108
12.12
Designated Interest Rate Protection Agreements and Designated Treasury
Services Agreements
107109
12.13
Withholding Taxes
107109
SECTION 13.
MISCELLANEOUS
109
13.01
Payment of Expenses, etc.
109
13.02
Right of Setoff
109110
13.03
Notices
111
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Page
13.04
Benefit of Agreement; Assignments; Participations, etc.
110112
13.05
No Waiver; Remedies Cumulative
115
13.06
Payments Pro Rata
114115
13.07
Calculations; Computations
114116
13.08
GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL
115116
13.09
Counterparts
116117
13.10
[Reserved]
116117
13.11
Headings Descriptive
116117
13.12
Amendment or Waiver; etc.
116117
13.13
Survival
118120
13.14
[Reserved]
118120
13.15
Confidentiality
118120
13.16
USA Patriot Act Notice
119121
13.17
[Reserved]
119121
13.18
Waiver of Sovereign Immunity
119121
13.19
[Reserved]
119121
13.20
INTERCREDITOR AGREEMENT
121
13.21
Absence of Fiduciary Relationship
120121
13.22
Electronic Execution of Assignments and Certain Other Documents
120122
13.23
Entire Agreement
120122
13.24
Acknowledgement and Consent to Bail-In of EEA Financial Institutions
120122
SECTION 14.
CREDIT AGREEMENT PARTY GUARANTY
121122
14.01
The Guaranty
121122
14.02
Bankruptcy
121123
14.03
Nature of Liability
123
14.04
Independent Obligation
122123
14.05
Authorization
122123
14.06
Reliance
124
14.07
Subordination
123124
14.08
Waiver
123125
14.09
Maximum Liability
123125
14.10
Payments
125
14.11
Keepwell
125
-iv-
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SCHEDULE 1.01
Unrestricted Subsidiaries SCHEDULE 2.01
Commitments SCHEDULE
2.19(a)
Reverse Dutch Auction Procedures SCHEDULE 8.12
Real Property
SCHEDULE 8.14
Subsidiaries SCHEDULE 8.19
Labor Matters SCHEDULE 9.13
Post-Closing Actions SCHEDULE 10.01(iii)
Existing Liens SCHEDULE 10.04
Existing Indebtedness SCHEDULE 10.05(iii)
Existing Investments SCHEDULE
10.06(viii)
Affiliate Transactions EXHIBIT A-1
Form of Notice of Borrowing
EXHIBIT A-2
Form of Notice of Conversion/Continuation EXHIBIT B
Form of
Term Note EXHIBIT C
Form of U.S. Tax Compliance Certificate EXHIBIT D
[Reserved] EXHIBIT E
Form of Officers' Certificate EXHIBIT F
[Reserved]
EXHIBIT G
Form of Security Agreement EXHIBIT H
Form of Subsidiaries
Guaranty EXHIBIT I
Form of Solvency Certificate EXHIBIT J
Form of
Compliance Certificate EXHIBIT K
Form of Assignment and Assumption EXHIBIT L
Form of Incremental Term Loan Commitment Agreement EXHIBIT M
Form of
Intercreditor Agreement
-v-
--------------------------------------------------------------------------------
THIS TERM LOAN CREDIT AGREEMENT, dated as of November 30, 2016 and as amended on
March 17, 2017, among CORTES NPVERTIV INTERMEDIATE HOLDING II CORPORATION
(formerly named Cortes NP Intermediate Holding II Corporation) ("Holdings"),
CORTES NP ACQUISITIONVERTIV GROUP CORPORATION (formerly named Cortes NP
Acquisition Corporation) (the "Borrower"), the Lenders party hereto from time to
time and JPMORGAN CHASE BANK, N.A. ("JPMCB"), as the Administrative Agent. All
capitalized terms used herein and defined in Section 1 are used herein as
therein defined.
W I T N E S S E T H:
WHEREAS, pursuant to the Acquisition Agreement, (1) Cortes NP Holdings LLC, a
Delaware limited liability company ("Topco"), directly or through a subsidiary,
will purchase or otherwise acquire from Emerson Electric Co., a Missouri
corporation (the "Seller") and/or its subsidiaries