SEC Contract Filing

Filing Date: 2020-12-29

Document Content:
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<DESCRIPTION>EX-10.1
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<DIV><FONT size="1" style="font-size:1pt;color:white">EXECUTION COPY #4842-1976-9300 PRIMING FACILITY CREDIT AGREEMENT dated as of December 28, 2020 among GTT COMMUNICATIONS, INC., as the Parent Guarantor, GTT COMMUNICATIONS B.V., as the Borrower, THE LENDING INSTITUTIONS NAMED HEREIN, as Lenders, and DELAWARE TRUST COMPANY, as Administrative Agent _______________________________________________ </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> -i- #4842-1976-9300 TABLE OF CONTENTS Page ARTICLE I. DEFINITION AND TERMS Section 1.01 Certain Defined Terms ...................................................................................................................... 2 Section 1.02 Computation of Time Periods ......................................................................................................... 51 Section 1.03 Accounting Terms ........................................................................................................................... 51 Section 1.04 Terms Generally .............................................................................................................................. 52 Section 1.05 [Reserved] ....................................................................................................................................... 53 Section 1.06 [Reserved] ....................................................................................................................................... 53 Section 1.07 Swedish Terms. ............................................................................................................................... 53 ARTICLE II. THE TERMS OF THE CREDIT FACILITY Section 2.01 Establishment of the Credit Facility ................................................................................................ 53 Section 2.02 [Reserved] ....................................................................................................................................... 53 Section 2.03 Term Loans ..................................................................................................................................... 53 Section 2.04 [Reserved] ....................................................................................................................................... 54 Section 2.05 [Reserved] ....................................................................................................................................... 54 Section 2.06 Notice of Borrowing ....................................................................................................................... 54 Section 2.07 Funding Obligations; Disbursement of Funds ................................................................................ 54 Section 2.08 Evidence of Obligations .................................................................................................................. 55 Section 2.09 Interest; Default Rate ...................................................................................................................... 56 Section 2.10 Conversion and Continuation of Loans ........................................................................................... 58 Section 2.11 Fees ................................................................................................................................................. 59 Section 2.12 [Reserved] ....................................................................................................................................... 59 Section 2.13 Voluntary, Scheduled and Mandatory Prepayments of Loans ........................................................ 59 Section 2.14 Method and Place of Payment ......................................................................................................... 62 Section 2.15 Defaulting Lenders .......................................................................................................................... 63 ARTICLE III. INCREASED COSTS, ILLEGALITY AND TAXES Section 3.01 Increased Costs, Illegality, etc. ....................................................................................................... 64 Section 3.02 Breakage Compensation ................................................................................................................. 66 Section 3.03 Net Payments .................................................................................................................................. 66 Section 3.04 [Reserved] ....................................................................................................................................... 71 Section 3.05 Change of Lending Office; Replacement of Lenders ...................................................................... 71 ARTICLE IV. CONDITIONS PRECEDENT Section 4.01 Conditions Precedent at Closing Date ............................................................................................. 71 Section 4.02 Conditions Precedent to Drawings of Delayed Draw Term Loans ................................................. 75 Section 4.03 Conditions Satisfied. ....................................................................................................................... 75 </FONT></DIV>
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