Credit Agreement (2008)Full Document 

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EXECUTION VERSION

 

 

 

CREDIT AGREEMENT

 

dated as of February 11, 2008

 

among

 

CIBER, INC., A DELAWARE CORPORATION

as Borrower,

 

THE SUBSIDIARIES OF BORROWER PARTY HERETO,

as Subsidiary Guarantors,

 

THE FINANCIAL INSTITUTIONS PARTY HERETO,

as Lenders,

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent,

Swing Line Lender and L/C Issuer

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

Sole Lead Arranger and Sole Book Runner

 

KEYBANK NATIONAL ASSOCIATION

Syndication Agent

 

UNION BANK OF CALIFORNIA, N.A.

Documentation Agent

 

 



 

TABLE OF CONTENTS

 

ARTICLE I

CERTAIN DEFINED TERMS; CERTAIN RULES OF CONSTRUCTION

1

 

 

 

SECTION 1.01

CERTAIN DEFINED TERMS

1

SECTION 1.02

CERTAIN RULES OF CONSTRUCTION

23

 

 

 

ARTICLE II

CREDIT EXTENSIONS

25

 

 

 

SECTION 2.01

REVOLVING CREDIT LOANS

25

SECTION 2.02

PROCEDURES FOR BORROWING

25

SECTION 2.03

LETTERS OF CREDIT

27

SECTION 2.04

SWING LINE LOANS

34

SECTION 2.05

PAYMENTS AND PREPAYMENTS

37

SECTION 2.06

TERMINATION OR REDUCTION OF AGGREGATE REVOLVING CREDIT COMMITMENTS

39

SECTION 2.07

FINAL REPAYMENT OF REVOLVING CREDIT LOANS

41

SECTION 2.08

INTEREST; APPLICABLE RATES

41

SECTION 2.09

FEES

42

SECTION 2.10

COMPUTATIONS OF INTEREST AND FEES

43

SECTION 2.11

EVIDENCE OF DEBT

43

SECTION 2.12

PAYMENTS GENERALLY; RIGHT OF ADMINISTRATIVE AGENT TO MAKE DEDUCTIONS AUTOMATICALLY

43

SECTION 2.13

SHARING OF PAYMENTS

45

SECTION 2.14

SECURITY FOR THE OBLIGATIONS

46

 

 

 

ARTICLE III

TAXES, YIELD PROTECTION AND ILLEGALITY

46

 

 

 

SECTION 3.01

TAXES

46

SECTION 3.02

ILLEGALITY

48

SECTION 3.03

INABILITY TO DETERMINE RATES

48

SECTION 3.04

INCREASED COSTS

49

SECTION 3.05

COMPENSATION FOR LOSSES

50

SECTION 3.06

MITIGATION OBLIGATIONS; ADDITIONAL L/C ISSUER

51

SECTION 3.07

REMOVAL OR REPLACEMENT OF LENDERS

51

SECTION 3.08

SURVIVAL

52

 

 

 

ARTICLE IV

CONDITIONS PRECEDENT

52

 

 

 

SECTION 4.01

CONDITIONS TO EFFECTIVENESS AND INITIAL CREDIT EXTENSION

52

SECTION 4.02

CONDITIONS TO ALL CREDIT EXTENSIONS

56

 

 

 

ARTICLE V

REPRESENTATIONS AND WARRANTIES

56

 

 

 

SECTION 5.01

CORPORATE EXISTENCE AND POWER

57

SECTION 5.02

CORPORATE AUTHORIZATION; NO CONTRAVENTION

57

SECTION 5.03

GOVERNMENTAL AUTHORIZATION; COMPLIANCE WITH LAWS

57

SECTION 5.04

BINDING EFFECT

58

SECTION 5.05

LITIGATION

58

SECTION 5.06

NO DEFAULTS

58

SECTION 5.07

ERISA COMPLIANCE

58

SECTION 5.08

USE OF PROCEEDS

59

SECTION 5.09

TITLE TO PROPERTIES

59

SECTION 5.10

TAXES

59

SECTION 5.11

FINANCIAL CONDITION

59

SECTION 5.12

ENVIRONMENTAL MATTERS

60

SECTION 5.13

MARGIN REGULATIONS; REGULATED ENTITIES

60

SECTION 5.14

SWAP OBLIGATIONS

60

SECTION 5.15

INTELLECTUAL PROPERTY

60

 

i



 

SECTION 5.16

EQUITY INTERESTS HELD BY BORROWER; EQUITY INTERESTS IN BORROWER

61

SECTION 5.17

INSURANCE

62

SECTION 5.18

COLLATERAL AND COLLATERAL DOCUMENTS

62

SECTION 5.19

LABOR RELATIONS

62

SECTION 5.20

SOLVENCY

63

SECTION 5.21

FULL DISCLOSURE

63

SECTION 5.22

BROKERAGE COMMISSIONS

63

 

 

 

ARTICLE VI

AFFIRMATIVE COVENANTS

63

 

 

 

SECTION 6.01

FINANCIAL STATEMENTS

63

SECTION 6.02

CERTIFICATES; OTHER INFORMATION

64

SECTION 6.03

NOTICES

65

SECTION 6.04

PAYMENT OF CERTAIN OBLIGATIONS

66

SECTION 6.05

PRESERVATION OF EXISTENCE, ETC.

67

SECTION 6.06

MAINTENANCE OF PROPERTIES

67

SECTION 6.07

MAINTENANCE OF INSURANCE

67

SECTION 6.08

COMPLIANCE WITH LAWS; CONTRACTUAL OBLIGATIONS

67

SECTION 6.09

BOOKS AND RECORDS

67

SECTION 6.10

INSPECTION RIGHTS

68

SECTION 6.11

USE OF PROCEEDS

68

SECTION 6.12

FINANCIAL COVENANTS

68

SECTION 6.13

FURTHER ASSURANCES

69

SECTION 6.14

LANDLORD WAIVER AND CONSENT

70

 

 

 

ARTICLE VII

NEGATIVE COVENANTS

71

 

 

 

SECTION 7.01

LIENS

71

SECTION 7.02

INVESTMENTS

73

SECTION 7.03

DEBT

74

SECTION 7.04

FUNDAMENTAL CHANGES

76

SECTION 7.05

DISPOSITIONS

77

SECTION 7.06

RESTRICTED PAYMENTS

78

SECTION 7.07

CAPITAL EXPENDITURES

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