SEC Contract Filing

Filing Date: 2020-11-12

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a8k20201112-exhibit101.htm
<DESCRIPTION>CREDIT AGREEMENT, DATED AS OF NOVEMBER 9, 2020
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<DIV><FONT size="1" style="font-size:1pt;color:white"> EXHIBIT 10.1 Published CUSIP Number: 03662YAF5 Term Loan CUSIP Number: 03662YAG3 CREDIT AGREEMENT Dated as of November 9, 2020 among ANSYS, INC., as the Borrower, BANK OF AMERICA, N.A., as Administrative Agent, JPMORGAN CHASE BANK, N.A. and PNC BANK, NATIONAL ASSOCIATION, as Co-Syndication Agents, and THE OTHER LENDERS PARTY HERETO Arranged By: BOFA SECURITIES, INC., as Sole Lead Arranger and Sole Bookrunner CHAR1\1756574v5</FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> TABLE OF CONTENTS Section Page ARTICLE I DEFINITIONS AND ACCOUNTING TERMS ...................................................................... 1 1.01 Defined Terms. .................................................................................................................. 1 1.02 Other Interpretive Provisions. ....................................................................................... 24 1.03 Accounting Terms. .......................................................................................................... 25 1.04 Rounding.......................................................................................................................... 26 1.05 Times of Day; Rates. ....................................................................................................... 26 1.06 Timing of Payment or Performance. ............................................................................. 26 ARTICLE II COMMITMENTS AND BORROWINGS ............................................................................ 26 2.01 Loans. ............................................................................................................................... 26 2.02 Borrowing; Conversions and Continuations of Loans. ............................................... 26 2.03 [Reserved]. ....................................................................................................................... 28 2.04 [Reserved]. ....................................................................................................................... 28 2.05 Prepayments. ................................................................................................................... 28 2.06 Termination or Reduction of Commitments. ............................................................... 28 2.07 Repayment of Loans. ...................................................................................................... 29 2.08 Interest. ............................................................................................................................ 30 2.09 Fees. .................................................................................................................................. 30 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. ................................................................................................................................. 30 2.11 Evidence of Debt. ............................................................................................................ 31 2.12 Payments Generally; Administrative Agent&#8217;s Clawback. ........................................... 31 2.13 Sharing of Payments by Lenders. .................................................................................. 33 2.14 [Reserved]. ....................................................................................................................... 33 2.15 [Reserved]. ....................................................................................................................... 33 2.16 Defaulting Lenders. ........................................................................................................ 33 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY ....................................................... 35 3.01 Taxes. ............................................................................................................................... 35 3.02 Illegality. .......................................................................................................................... 39 3.03 Inability to Determine Rates. ......................................................................................... 39 3.04 Increased Costs. .............................................................................................................. 41 3.05 Compensation for Losses. ............................................................................................... 43 3.06 Mitigation Obligations; Replacement of Lenders. ....................................................... 43 3.07 Survival. ........................................................................................................................... 44 ARTICLE IV CONDITIONS PRECEDENT ............................................................................................. 44 4.01 Conditions Precedent to Effectiveness. ......................................................................... 44 4.02 Conditions to Funding of Loans. ................................................................................... 45 ARTICLE V REPRESENTATIONS AND WARRANTIES ..........................