SEC Contract Filing

Filing Date: 2018-07-31

Document Content:
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<TYPE>EX-10.19
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<FILENAME>wabex1019q22018.htm
<DESCRIPTION>EXHIBIT 10.19
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<DIV><FONT size="1" style="font-size:1pt;color:white"> EXECUTION VERSION Published Deal CUSIP Number: 96038PAF5 Published Refinancing Term Facility CUSIP Number: 96038PAH1 Published Delayed Draw Term Facility CUSIP Number: 96038PAJ7 Revolving Facility CUSIP Number: 96038PAG3 CREDIT AGREEMENT dated as of June 8, 2018, among WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION, WABTEC CO&Ouml;PERATIEF U.A. and the other BORROWING SUBSIDIARIES Party Hereto, the LENDERS Party Hereto and PNC BANK, NATIONAL ASSOCIATION, as the Administrative Agent ___________________________ GOLDMAN SACHS BANK USA, HSBC BANK USA, N.A., JPMORGAN CHASE BANK, N.A., MERRILL LYNCH, PIERCE, FENNER &amp; SMITH INCORPORATED, PNC CAPITAL MARKETS LLC and TD SECURITIES (USA) LLC, as Joint Lead Arrangers and Joint Bookrunners GOLDMAN SACHS BANK USA and PNC CAPITAL MARKETS LLC, as Syndication Agents BANK OF AMERICA, N.A., HSBC BANK USA, N.A., JPMORGAN CHASE BANK, N.A., and TD SECURITIES (USA) LLC, as Documentation Agents [CS&amp;M C/M 4025-124] [[3851767]] </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> TABLE OF CONTENTS Page ARTICLE I Definitions SECTION 1.01. Defined Terms .................................................................................1 SECTION 1.02. Classification of Loans and Borrowings ........................................43 SECTION 1.03. Terms Generally; Dutch Terms .....................................................43 SECTION 1.04. Accounting Terms; GAAP .............................................................45 SECTION 1.05. Currency Translation .....................................................................46 SECTION 1.06. Effectuation of Transactions ..........................................................47 SECTION 1.07. Most Favored Nation Provision .....................................................48 ARTICLE II The Credits SECTION 2.01. Commitments .................................................................................48 SECTION 2.02. Loans and Borrowings ...................................................................48 SECTION 2.03. Requests for Borrowings................................................................49 SECTION 2.04. Funding of Borrowings ..................................................................51 SECTION 2.05. Interest Elections ............................................................................52 SECTION 2.06. Termination and Reduction of Commitments................................53 SECTION 2.07. Repayment of Loans; Amortization of Term Loans; Evidence of Debt............................................................................54 SECTION 2.08. Prepayment of Loans .....................................................................55 SECTION 2.09. Fees ................................................................................................56 SECTION 2.10. Interest............................................................................................58 SECTION 2.11. Alternate Rate of Interest ...............................................................59 SECTION 2.12. Increased Costs; Illegality ..............................................................61 SECTION 2.13. Break Funding Payments ...............................................................65 SECTION 2.14. Taxes ..............................................................................................65 SECTION 2.15. Payments Generally; Pro Rata Treatment; Sharing of Setoffs ............................................................................................71 SECTION 2.16. Mitigation Obligations; Replacement of Lenders ..........................73 SECTION 2.17. Defaulting Lenders.........................................................................74 SECTION 2.18. Incremental Facilities .....................................................................77 i [[3851767]] </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> SECTION 2.19. Bridge Facility ...............................................................................80 SECTION 2.20. Letters of Credit .............................................................................81 SECTION 2.21. Swingline Loans.............................................................................89 SECTION 2.22. Borrowing Subsidiaries ..................................................................92 SECTION 2.23. Non-Public Lender .........................................................................93 ARTICLE III Representations and Warranties SECTION 3.01. Organization ...................................................................................94 SECTION 3.02. Authorization; No Conflict; Compliance with Law.......................94 SECTION 3.03. Validity and Binding Nature ..........................................................95 SECTION 3.04. Financial Condition ........................................................................95 SECTION 3.05. No Material Adverse Change.........................................................95 SECTION 3.06. Litigation and Contingent Li