Exhibit 4-A
FIRST AMENDMENT TO THIRD
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AMENDED AND RESTATED
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CREDIT AGREEMENT
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THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
("Amendment") is entered into as of December 16, 1999, by and among BINDLEY
WESTERN INDUSTRIES, INC., an Indiana corporation (the "Borrower"), BANK ONE,
INDIANA, NA, as successor by merger with NBD Bank, N.A. in its individual
capacity ("Bank One"), KEYBANK NATIONAL ASSOCIATION ("KeyBank"), SUNTRUST BANK,
CENTRAL FLORIDA, N.A. ("Suntrust"), NATIONAL CITY BANK OF INDIANA ("NCB"), FIFTH
THIRD BANK, INDIANA ("Fifth Third"), and THE NORTHERN TRUST COMPANY ("Northern
Trust") (Bank One, KeyBank, Suntrust, NCB, Fifth Third and Northern Trust
hereinafter collectively referred to as the "Banks" and each individually as a
"Bank"), THE HUNTINGTON NATIONAL BANK ("Huntington"), COMERICA BANK ("Comerica")
and BANK ONE, INDIANA, NA, as Agent for the Banks (in such capacity, the
"Agent") in order to provide as follows:
WHEREAS, the Borrower, the Banks, NATIONSBANK, N.A. ("Nationsbank") and the
Agent have entered into that certain Third Amended and Restated Credit Agreement
dated as of December 28, 1998 (the "Agreement"); and
WHEREAS, the Borrower, the Banks, Huntington, Comerica and the Agent now
desire to amend the Agreement to (i) exclude Nationsbank as a member of the
syndicate bank group providing the credit facilities to the Borrower, (ii)
include Huntington and Comerica as members of the syndicate bank group providing
the credit facilities to the Borrower; and (iii) amend certain provisions of the
Agreement.
NOW, THEREFORE, the Borrower, the Banks, Huntington, Comerica and the Agent
agree as follows:
1. Definitions. Unless otherwise specifically defined herein, all defined
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terms used in this Amendment shall have the respective meanings as set forth in
the Agreement.
2. Amended Definitions. (a) The following definitions appearing in
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Section 1.01 of the Agreement are hereby amended and restated in its entirety as
follows:
"Applicable Spread" means that number of Basis Points to be taken into
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account in determining the per annum rate at which interest will accrue on the
Revolving Credit or the Swing Line, as the case may be, determined by reference
to the implied senior debt rating of the Borrower as reported quarterly by
Standard & Poors, Inc. in accordance with the following table:
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Senior Debt
Tier Rating Base Rate LIBOR* Federal Funds**
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1 BBB- and above: 0.0 65 b.p 65 b.p.
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2 BB+ and below or
unrated: 0.0 90 b.p 90 b.p.
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* applicable to LIBOR Advances only.
** applicable to Swing Line Advances only.
Initially, the Applicable Spread shall be as shown on Tier 2 indicated on the
above table. Thereafter, (a) with respect to a LIBOR Advance, the Applicable
Spread shall be determined on the basis of the report of Standard & Poors, Inc.
most recently delivered to the Agent prior to the first day of the LIBOR
Interest Period for which the interest rate is calculated with effect for the
entire LIBOR Interest Period, and, (b) with respect to a Base Rate Advance or a
Swing Line Advance, the Applicable Spread shall be determined on the basis of
the report of Standard & Poors, Inc. most recently delivered to the Agent prior
to the making of the Advance or Swing Line Advance with the Applicable Spread to
be adjusted thereafter, up or down as applicable, on the third Banking Day
following receipt by the Agent of a report which contains a change in the
Borrower's implied senior debt rating. In the event that the senior debt rating
of the Borrower as reported by Standard & Poors, Inc. is not available, the
Applicable Spread shall be the Applicable Spread as shown on Tier 2 indicated on
the above table and shall remain effective until such time as the implied senior
unsecured debt rating of the Borrower as reported by Standard & Poors, Inc.
becomes available.
"Banks" means Bank One, Indiana, NA, KeyBank National Association,
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Suntrust, Central Florida, N.A., National City Bank of Indiana, Fifth Third
Bank, Indiana, The Northern Trust Company, The Huntington National Bank and
Comerica Bank.
"Competitive Loan Note" means the promissory notes of the Borrower in favor
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of each Bank in the form of Exhibits "D-1" through "D-8" attached to this
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Agreement, as amended, replaced, supplemented, or modified from time to
time, and "Competitive Loan Note" means any one of such Notes.
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"Revolving Note" means each promissory note to be executed by the Borrower
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in favor of each Bank in the form of Exhibits "E-1" through "E-8" attached
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hereto, as amended, replaced, supplemented or modified from time to time,
and Revolving Note means any one of such Notes.
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"Swing Line Note" means a promissory note, in substantially the form of
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Exhibit F attached hereto, duly executed by the Borrower and payable to the
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order of the Swing Line Bank in the amount of its Swing Line Commitment, as
amended, replaced, supplemented or modified from time to time.
"Termination Date" means the earlier to occur of (a) December 14, 2000, as
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such date may hereafter be extended upon the mutual agreement of the
Borrower and all of the Banks in their sole discretion, and (b) the date on
which the Loans are terminated, accelerated or both pursuant to Article
VIII hereof.
(b) Section 1.01 of the Agreement is hereby supplemented by inclusion of
the following definition:
"First Amendment" means that certain First Amendment to Third Amended and
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Restated Credit Agreement executed by and among the Borrower, the Banks,
Huntington and Comerica and the Agent as of December 16, 1999.
(3) All references in the Agreement to "NBD Bank" or "NBD Bank, N.A."
shall be amended to refer to "Bank One" or "Bank One, Indiana, NA".
3. Amendment of Agreement. (a) Exhibits A, B and C attached to the
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Agreement and as referenced in the definitions of "Competitive Bid",
"Competitive Bid Request" and "Competitive Bid Request by Agent", respectively,
appearing in Section 1.01 of the Agreement are hereby replaced with Exhibits A,
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B and C attached to this Amendment.
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(b) Section 2.1 of the Agreement is hereby amended and restated in
its entirety as follows:
2.01 Revolving Credit. Subject to the terms and conditions hereof,
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including but not limited to the limitation stated in this Section 2.01 below
and Section 2.05(9) hereof, each Bank severally agrees to make Advances
(collectively, the "Revolving Credit") to the Borrower at any time and from time
to time on and after the date hereof to and including the Termination Date in an
aggregate principal amount at any one time outstanding not to exceed the Bank's
Commitment set forth opposite such Bank's name below:
Amount of Percentage of
Bank Commitment Aggregate Commitment
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Bank One, Indiana, NA $ 30,000,000.00 20.0%
KeyBank National Association $ 31,000,000.00 20.6667%
Suntrust Bank, Central Florida, $ 35,000,000.00 23.3333%
N.A.
National City Bank of Indiana $ 10,000,000.00 6.6667%
Fifth Third Bank, Indiana $ 9,000,000.00 6.0%
The Northern Trust Company $ 15,000,000.00 10.0%
The Huntington National Bank $ 10,000,000.00 6.6667%
Comerica Bank $ 10,000,000,00 6.6667%
Total $150,000,000.00 100.0%
The Revolving Credit is a revolving credit facility and subject to
Section 2.12 and within the limits of the Aggregate Commitment of the Banks, the
Borrower may repay and reborrow as Borrower may elect, provided that (y) all
Advances must mature no later than the Termination Date, and (z) the aggregate
outstanding principal balance of the Revolving Credit, the Competitive Bid
Facility and the Swing Line may not exceed $150,000,000.00.
(c) The first paragraph of Section 2.04 of the Agreement is hereby amended
and restated in its entirety as follows:
2.04 Competitive Bid Facility. In addition to the Revolving Credit
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and the Swing Line, the Borrower may, as set forth in this Section, request
the Banks at any time prior to the Termination Date to make offers to make
Competitive Bid Advances to the Borrower. The aggregate principal amount at
any one time outstanding under the Competitive Bid Facility shall not
exceed $60,000,000.00, and in no event may the aggregate outstanding
principal balances of
the Competitive Bid Facility, the Revolving Credit and the Swing Line
exceed $150,000,000.00. The Banks may, but shall have no obligation to,
make such offers and the Borrower may, but shall have no obligation to,
accept any such offers in the manner set forth in this Section. Each
utilization of the Competitive Bid Facility by the Borrower shall serve to
reduce the available and unused Aggregate Commitment under the Revolving
Credit; provided, that neither the Pro Rata share of each Bank of the
Aggregate Commitment nor the amount of each Bank's Commitment shall be
altered by virtue of any Bank financing a Competitive Bid Advance.
(d) Section 2.04(g) of the Agreement is hereby amended and restated in its
entirety as follows:
(g) All Competitive Bid Advances shall reduce the Aggregate
Commitment, and at no time shall the sum of the aggregate
outstanding principal balances of the Revolving Credit, the Swing
Line and the Competitive Bid Facility exceed One Hundred Fifty
Million and No/100 Dollars ($150,000,000.00).
(e) Section 2.07 of the Agreement is hereby amended and restated in its
entirety as follows:
2.07 Fees.
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(a) For the period from the date of the Amendment, to but excluding
the Termination Date, the Borrower shall pay to the Agent for the
account of each Bank a facility fee equal to 22.5 Basis Points
per annum calculated on the Aggregate Commitment. Such fees shall
be paid in advance with the first such payment due on the date of
hereof for the period from the date hereof through December 31,
1999, and thereafter calculated on a quarterly basis and paid in
advance on the last Banking Day of each December, March, June and
September.
(b) At any time and at all times that the outstanding principal
balance under the Revolving Credit exceeds Fifty Million and
No/100 Dollars ($50,000,000.00), the Borrower shall pay to the
Agent for the account of each Bank a utilization fee equal to
12.5 Basis Points per annum calculated on the entire principal
amount outstanding under the Revolving Credit. Such fees shall be
paid in arrears and calculated on a quarterly basis and paid on
the last Banking Day of each March, June, September and December,
beginning on December 31, 1999.
(c) The Agent may debit any demand deposit account of the Borrower on
the date such administrative, facility or usage fees are due in
payment of such fees, without further authority, and the Agent
shall promptly distribute (i) to each Bank its Pro Rata share of
each payment of the facility or utilization fee, and (ii) to the
Agent the amount of its administrative fee. Such fees shall be
calculated on the basis of a 360-day year and actual days
elapsed. All fees payable hereunder shall be non-refundable and
deemed to be earned in full upon payment except in the event of a
permanent reduction in the Aggregate Commitments as contemplated
in
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Section 2.15 hereof in which event Borrower shall be entitled to
a prorated refund of such fees.
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(d) The Borrower also agrees to pay to the Agent for the sole account
of the Agent and Banc One Capital Markets, Inc. (the "Arranger")
unless otherwise agreed between the Agent or the Arranger and any
Bank, the fees set forth in the Letter Agreement among the Agent,
the Arranger and the Borrower dated November 23, 1999, payable at
the times and in the amounts set forth therein.
(f) Schedule 1 referenced in Section 5.02 of the Agreement is
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replaced with Schedule 1 attached to this Amendment.
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(g) The Compliance Certificate referenced in Section 6.04(e) of the
Agreement, in the form attached to the Agreement as Exhibit G, is
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hereby replaced with Exhibit G attached to this Amendment.
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(h) Section 6.09 of the Agreement is hereby amended and restated in
its entirety as follows:
6.09 Consolidated Net Worth. Maintain at all times, a
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Consolidated Net Worth of not less than Two Hundred Ninety-
Five Million and 00/100 Dollars ($295,000,000.00); which
required minimum amount will increase as of the end of each
fiscal quarter of the Borrower, commencing with the quarter
ending December 31, 1999 by an amount equivalent to the sum
of (i) fifty percent (50.0%) of the Borrower's Consolidated
Net Income for such quarter (with no deduction on account of
negative Consolidated Net Income for a fiscal quarter), plus
(ii) one hundred percent (100.0%) of the net proceeds, cash
or otherwise, of all offerings and issuances of additional
equity by the Borrower and its Subsidiaries..
(i) Section 6.10 of the Agreement is hereby amended and restated in
its entirety as follows:
6.10 Consolidated Total Debt to Consolidated EBITDA. Maintain at
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all times a ratio of Consolidated Total Debt to Consolidated EBITDA
for the period of four (4) consecutive fiscal quarters most recently
ended on or prior to such determination date of not greater than 3.25
to 1.0.
(j) Subsection 7.01(f) of the Agreement is hereby amended and
replaced in its entirety as follows:
(f) Asset Backed Debt. Provided that the amount of financing
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under such transactions does not exceed at any one time
outstanding an amount equal to Five Hundred Million and
No/100 Dollars ($500,000,000.00) less the maximum principal
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amount available under the Loans.
(k) Subsection 7.04(e) of the Agreement is hereby amended and
replaced in its entirety as follows:
(e) the transfer of an interest in accounts or notes receivable
by (i)(A) Special Services Company to the Borrower and (B)
the Borrower to Bindley Western Funding Corporation and (ii)
the transfer of such assets by Bindley Western Funding
Corporation to a conduit financier for fair market value and
with limited recourse, pursuant to the terms of the
Transfer Agreements and Receivables Purchase Agreement,
provided that such transfer qualifies as a sale under GAAP
and that the amount of any related financing does not exceed
an amount equal to Five Hundred Million and 00/100 Dollars
($500,000,000.00) less the maximum principal amount
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available under the Loans.
4. Representations and Warranties. By execution of this Amendment, the
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Borrower represents and warrants that the representations and warranties stated
in Article V of the Agreement remain true and correct as of the date hereof and
that all references to the Agreement shall be deemed to refer to the Agreement
as amended by this Amendment. Further, the Borrower hereby makes the following
additional representations and warranties:
(a) Borrower has the requisite corporate power and authority to enter into
and execute and deliver, this Amendment and the new Revolving Notes to
Bank One, and the execution, delivery and performance of such
documents have been duly authorized by all requisite corporate action,
and are not in conflict with the terms of any charter, Articles of
Incorporation, By-Law or other organizational papers of the Borrower,
or any instrument or agreement to which the Borrower is a party or by
which the Borrower is bound or affected, and are valid and binding
obligations of the Borrower.
(b) The officers of the Borrower executing this Amendment and the
Revolving Notes as referenced in subsection (a) above, and any
certificate, instrument or agreement required to be delivered by the
Borrower hereunder or there under have been duly elected and appointed
and were fully authorized to execute the same as of the effective date
of each such agreement, certificate or instrument.
(c) No approval, consent, exemption or other action by, or notice to or
filing with, any governmental authority by the Borrower is necessary
in connection with the execution, delivery and performance of the
Borrower under this Amendment, the Revolving Notes as referenced in
subsection (a) above, or any other certificate, instrument or
agreement required to be delivered by the Borrower hereunder.
5. Conditions Precedent. As conditions precedent to the effectiveness of
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this Amendment, the Agents shall have received the following (in form and
substance satisfactory to the Agents and their counsel and the Banks and their
counsel and in sufficient numbers for each Bank to receive a copy with respect
to item (a) below);
(a) This Amendment duly executed by the Borrower and the Banks.
(b) The Revolving Notes substantially in the forms attached hereto as
Exhibits "E-1" - "E-8", each duly executed by the Borrower, payable to
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the order of each respective Bank in the amount of each respective
Bank's Commitment and dated the date of this Amendment.
(c) Such other documents, agreements and instruments as the Agents or any
Bank may reasonably request.
6. Reaffirmation of Agreement. Except as specifically modified hereby,
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the Agreement shall remain in full force and effect, and the Borrower represents
and warrants that no Default or Event of Default
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exists or has occurred and is continuing as of the date of this Amendment.
Further, the Borrower acknowledges that as of the date of this Amendment there
are no existing claims, defenses, personal or otherwise, or rights of setoff
whatsoever with respect to the Loan Documents.
7. Counterparts. This Amendment may be executed in as many counterparts
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as may be deemed necessary or convenient and by the different parties hereto on
separate counterparts, each of which, when so executed, shall be deemed an
original, but all such counterparts shall constitute but one and the same
agreement.
IN WITNESS WHEREOF, the Borrower, the Banks and the Agent, by their
respective duly authorized officers, have executed this First Amendment to Third
Amended and Restated Credit Agreement effective as of the date and year first
written above.
BINDLEY WESTERN INDUSTRIES, INC.
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive Vice President
Address: ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
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▇▇▇▇▇▇▇ NATIONAL ASSOCIATION
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: Vice President
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Address: ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
SUNTRUST BANK, CENTRAL FLORIDA, N.A.
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. Black
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Title: Vice President and Director
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Address: ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
Attn: ▇▇▇▇▇▇▇▇▇▇▇ ▇. Black
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
NATIONAL CITY BANK OF INDIANA
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Title: Vice President
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Address: ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
FIFTH THIRD BANK, INDIANA
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: Vice President
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Address: ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
THE NORTHERN TRUST COMPANY
By: /s/ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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Title: Vice President
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Address: ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇-▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
THE HUNTINGTON NATIONAL BANK
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title: Vice President
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Address: ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇ ▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
COMERICA BANK
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Title: Account Officer
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Address: ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
Mail Code 3269
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
BANK ONE, INDIANA, NA, Individually and as Agent
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Title: Vice President
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Address: One Indiana Square
▇.▇. ▇▇▇ ▇▇▇▇, ▇▇/▇▇/ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
Attn: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Telephone: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
Exhibits:
A - Competitive Bid
B - Competitive Bid Request from Borrower
C - Competitive Bid Request from Agent
D-1 - D-8 - Competitive Loan Notes
E-1 - E-8 - Revolving Notes
F - Swing Line Note
G - Compliance Certificate
Schedule 1 - List of Borrower's Subsidiaries
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EXHIBIT 4-A
EXHIBIT A
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FORM OF COMPETITIVE BID
Bank One, Indiana, NA, as Agent
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▇▇/▇▇/ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Dear Sirs:
The undersigned, __________________________, refers to the Third Amended
and Restated Credit Agreement dated effective as of December 28, 1998, as
amended by that certain First Amendment to Third Amended and Restated Credit
Agreement dated effective as of December 16, 1999, as the same may be further
amended (the "Credit Agreement"), among Bindley Western Industries, Inc. (the
"Borrower"), the Banks named therein, and Bank One, Indiana, NA, as Agent.
Capitalized terms used herein and not otherwise defined herein shall have the
meanings assigned to such terms in the Credit Agreement. The undersigned hereby
makes a Competitive Bid pursuant to Section 2.04(b) of the Credit Agreement, in
response to the Competitive Bid Request made by the Borrower on
____________________, ____, and in that connection sets forth below the terms on
which such Competitive Bid is made:
(A) Principal Amount /1/ _____________________
(B) Competitive Bid Rate _____________________
(C) Competitive Bid Interest Period
and Last Day Thereof _____________________
(D) Date of Competitive Borrowing _____________________
The undersigned hereby confirms that it is prepared to extend credit to the
Borrower upon acceptance by the Borrower of this bid in accordance with Section
2.04(d) of the Credit Agreement.
Very truly yours,
[NAME OF BANK]
By: _____________________________
_____________________________
(printed name and title)
__________________________
/1/ Not less than $10,000,000.00 or greater than the available Commitment for
the Bank and in integral multiples of $1,000,000.00. Multiple bids will be
accepted by the Agent. Specify aggregate limitation if the sum of the
individual offers exceeds the amount the Bank is willing to lend.
EXHIBIT B
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FORM OF COMPETITIVE BID REQUEST
Bank One, Indiana, NA, as Agent
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▇▇/▇▇/ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
Attention: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Dear Sirs:
The undersigned, Bindley Western Industries, Inc. (the "Borrower")
refers to the Third Amended and Restated Credit Agreement dated effective
as of December 28, 1998, as amended by that certain First Amendment to
Third Amended and Restated Credit Agreement dated effective as of December
16, 1999, as the same may be further amended (the "Credit Agreement") among
the Borrower, the Banks named therein, and Bank One, Indiana, NA, as Agent.
Capitalized terms used herein and not otherwise defined herein shall have
the meanings assigned to such terms in the Credit Agreement. The Borrower
hereby gives you notice pursuant to Section 2.04(a) of the Credit Agreement
that it requests a Competitive Bid Advance under the Credit Agreement, and,
in that connection, sets forth below the terms on which such Competitive
Borrowing is requested to be made:
(A) Date of Competitive Borrowing ______________________________
(which is a Banking Day)
(B) Principal Amount of Competitive ______________________________
Bid Advance/1//
(C) Competitive Bid Interest Period
and the last day thereof/2// ______________________________
Upon acceptance of any or all of the Competitive Bids offered by the Banks
in response to this request, the Borrower shall be deemed to have represented
and warranted that the conditions to lending specified in Sections 4.01 and 2.04
of the Credit Agreement have been satisfied.
Very truly yours,
BINDLEY WESTERN INDUSTRIES, INC.
By:_________________________________
____________________________________
(printed name and title)
______________________________
/1// Not less than $10,000,000.00 or greater than the Aggregate Commitment
and in integral multiples of $1,000,000.00.
/2// Which shall end not later than the Termination Date.
EXHIBIT C
---------
FORM OF NOTICE OF COMPETITIVE BID REQUEST
___________________________
___________________________
___________________________
(Name of Bank)
Attention: ____________________
Dear Sirs:
Reference is made to the Third Amended and Restated Credit Agreement dated
effective as of December 28, 1998, as amended by that certain First Amendment to
Third Amended and Restated Credit Agreement dated effective as of December 16,
1999 (the "Credit Agreement") among Bindley Western Industries, Inc. (the
"Borrower"), the Banks named therein, and Bank One, Indiana, NA, as Agent.
Capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to such terms in the Credit Agreement. The Borrower made a
Competitive Bid Request on ___________________________, ____ pursuant to Section
2.04(a) of the Credit Agreement, and in that connection you are invited to
submit a Competitive Bid by _________________________. Your Competitive Bid
must comply with Section 2.04(b) of the Credit Agreement and the terms set forth
below on which the Competitive Bid Request was made:
(A) Date of Competitive Borrowing __________________________
(B) Principal amount of Competitive
Bid Advance __________________________
(C) Competitive Bid Interest Rate __________________________
(D) Competitive Bid Interest Period
and the last day thereof __________________________
Very truly yours,
BANK ONE, INDIANA, NA, as Agent
By:________________________________
________________________________
(printed name and title)
EXHIBIT D -1
PROMISSORY NOTE
(Competitive Bid Facility)
$_______________ Indianapolis, Indiana
Dated: ________________
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of BANK ONE,
INDIANA, N.A. (the "Bank") the principal sum of $______________ or so much of
such Competitive Bid Advance as may be disbursed by the Bank under the terms of
the Credit Agreement described below and remaining outstanding and unpaid, and
to pay interest on the unpaid principal balance of such Competitive Bid Advance
outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Competitive Bid Facility") incurred
or to be incurred by the Maker under a credit facility extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of December 16, 1999, among the Maker, the Bank, the other
banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to time
amended, supplemented, replaced or otherwise modified, the "Credit Agreement").
The principal amount of the Competitive Bid Facility outstanding from time to
time shall be determined by reference to the books and records of the Bank on
which all Advances under the Competitive Bid Facility and all payments by the
Maker on account of the Competitive Bid Facility shall be recorded. Such books
and records shall be deemed prima facie to be correct as to such matters.
----- -----
The terms "Competitive Bid Advance," "Maturity Date," and "Banking Day" are
used in this Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of this Note outstanding from time
to time prior to and after the Maturity Date for such Competitive Bid Advance
will accrue at the rate or rates provided in the Credit Agreement. Prior to the
Maturity Date for such Competitive Bid Advance, accrued interest on the
outstanding principal balance of this Note shall be due and payable on such
dates as set forth in the Credit Agreement and on the Maturity Date for such
Competitive Bid Advance. After the Maturity Date for such Competitive Bid
Advance, interest shall be due and payable as accrued and without demand.
Interest will be calculated on the basis that an entire year's interest is
earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which
the principal office of the Bank or any holder is located, or the laws of the
United States, whichever laws allow the greater interest, as such laws now exist
or may be changed or amended or come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the Maturity Date for such
Competitive Bid Advance as evidenced by this Note. Reference is made to the
Credit Agreement which provides for acceleration of the maturity of the
Competitive Bid Advance evidenced by this Note upon the happening of Events of
Default as defined therein. All payments made by the Maker hereunder shall be
made for the account of the Bank at the office of Bank One, Indiana, NA located
at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇. ▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:______________________________________
Vice President
EXHIBIT D -2
PROMISSORY NOTE
(Competitive Bid Facility)
$_______________ Indianapolis, Indiana
Dated: __________________
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of COMERICA BANK
(the "Bank") the principal sum of $______________ or so much of such Competitive
Bid Advance as may be disbursed by the Bank under the terms of the Credit
Agreement described below and remaining outstanding and unpaid, and to pay
interest on the unpaid principal balance of such Competitive Bid Advance
outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Competitive Bid Facility") incurred
or to be incurred by the Maker under a credit facility extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of December 16, 1999, among the Maker, the Bank, the other
banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to time
amended, supplemented, replaced or otherwise modified, the "Credit Agreement").
The principal amount of the Competitive Bid Facility outstanding from time to
time shall be determined by reference to the books and records of the Bank on
which all Advances under the Competitive Bid Facility and all payments by the
Maker on account of the Competitive Bid Facility shall be recorded. Such books
and records shall be deemed prima facie to be correct as to such matters.
----- -----
The terms "Competitive Bid Advance," "Maturity Date," and "Banking Day" are
used in this Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of this Note outstanding from time
to time prior to and after the Maturity Date for such Competitive Bid Advance
will accrue at the rate or rates provided in the Credit Agreement. Prior to the
Maturity Date for such Competitive Bid Advance, accrued interest on the
outstanding principal balance of this Note shall be due and payable on such
dates as set forth in the Credit Agreement and on the Maturity Date for such
Competitive Bid Advance. After the Maturity Date for such Competitive Bid
Advance, interest shall be due and payable as accrued and without demand.
Interest will be calculated on the basis that an entire year's interest is
earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws
allow the greater interest, as such laws now exist or may be changed or amended
or come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the Maturity Date for such
Competitive Bid Advance as evidenced by this Note. Reference is made to the
Credit Agreement which provides for acceleration of the maturity of the
Competitive Bid Advance evidenced by this Note upon the happening of Events of
Default as defined therein. All payments made by the Maker hereunder shall be
made for the account of the Bank at the office of Bank One, Indiana, NA located
at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇. ▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By: ___________________________________
Vice President
EXHIBIT D -3
PROMISSORY NOTE
(Competitive Bid Facility)
$_______________ Indianapolis, Indiana
Dated:__________________
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an Indiana
corporation (the "Maker"), promises to pay to the order of KEYBANK NATIONAL
ASSOCIATION, N.A. (the "Bank") the principal sum of $______________ or so much
of such Competitive Bid Advance as may be disbursed by the Bank under the terms
of the Credit Agreement described below and remaining outstanding and unpaid,
and to pay interest on the unpaid principal balance of such Competitive Bid
Advance outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Competitive Bid Facility") incurred
or to be incurred by the Maker under a credit facility extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated December 16, 1999, among the Maker, the Bank, the other banks
party thereto, and Bank One, Indiana, NA, as Agent (as from time to time
amended, supplemented, replaced or otherwise modified, the "Credit Agreement").
The principal amount of the Competitive Bid Facility outstanding from time to
time shall be determined by reference to the books and records of the Bank on
which all Advances under the Competitive Bid Facility and all payments by the
Maker on account of the Competitive Bid Facility shall be recorded. Such books
and records shall be deemed prima facie to be correct as to such matters.
----- -----
The terms "Competitive Bid Advance," "Maturity Date," and "Banking Day" are
used in this Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of this Note outstanding from time
to time prior to and after the Maturity Date for such Competitive Bid Advance
will accrue at the rate or rates provided in the Credit Agreement. Prior to the
Maturity Date for such Competitive Bid Advance, accrued interest on the
outstanding principal balance of this Note shall be due and payable on such
dates as set forth in the Credit Agreement and on the Maturity Date for such
Competitive Bid Advance. After the Maturity Date for such Competitive Bid
Advance, interest shall be due and payable as accrued and without demand.
Interest will be calculated on the basis that an entire year's interest is
earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws
allow the greater interest, as such laws now exist or may be changed or amended
or come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the Maturity Date for such
Competitive Bid Advance as evidenced by this Note. Reference is made to the
Credit Agreement which provides for acceleration of the maturity of the
Competitive Bid Advance evidenced by this Note upon the happening of Events of
Default as defined therein. All payments made by the Maker hereunder shall be
made for the account of the Bank at the office of Bank One, Indiana, NA located
at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇. ▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:___________________________________
Vice President
Exhibit 4-A
EXHIBIT D - 4
PROMISSORY NOTE
(Competitive Bid Facility)
$_______________ Indianapolis, Indiana
Dated: ________________
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of SUNTRUST
BANK, CENTRAL FLORIDA, N.A. (the "Bank") the principal sum of $______________ or
so much of such Competitive Bid Advance as may be disbursed by the Bank under
the terms of the Credit Agreement described below and remaining outstanding and
unpaid, and to pay interest on the unpaid principal balance of such Competitive
Bid Advance outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Competitive Bid Facility") incurred
or to be incurred by the Maker under a credit facility extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated December 16, 1999, among the Maker, the Bank, the other banks
party thereto, and Bank One, Indiana, NA, as Agent (as from time to time
amended, supplemented, replaced or otherwise modified, the "Credit Agreement").
The principal amount of the Competitive Bid Facility outstanding from time to
time shall be determined by reference to the books and records of the Bank on
which all Advances under the Competitive Bid Facility and all payments by the
Maker on account of the Competitive Bid Facility shall be recorded. Such books
and records shall be deemed prima facie to be correct as to such matters.
----- -----
The terms "Competitive Bid Advance," "Maturity Date," and "Banking Day" are
used in this Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of this Note outstanding from time
to time prior to and after the Maturity Date for such Competitive Bid Advance
will accrue at the rate or rates provided in the Credit Agreement. Prior to the
Maturity Date for such Competitive Bid Advance, accrued interest on the
outstanding principal balance of this Note shall be due and payable on such
dates as set forth in the Credit Agreement and on the Maturity Date for such
Competitive Bid Advance. After the Maturity Date for such Competitive Bid
Advance, interest shall be due and payable as accrued and without demand.
Interest will be calculated on the basis that an entire year's interest is
earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws
allow the greater interest, as such laws now exist or may be changed or amended
or come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the Maturity Date for such
Competitive Bid Advance as evidenced by this Note. Reference is made to the
Credit Agreement which provides for acceleration of the maturity of the
Competitive Bid Advance evidenced by this Note upon the happening of Events of
Default as defined therein. All payments made by the Maker hereunder shall be
made for the account of the Bank at the office of Bank One, Indiana, NA located
at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇. ▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:________________________________
Vice President
Exhibit 4-A
EXHIBIT D - 5
PROMISSORY NOTE
(Competitive Bid Facility)
$_______________ Indianapolis, Indiana
Dated:______________
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of NATIONAL CITY
BANK OF INDIANA (the "Bank") the principal sum of $______________ or so much of
such Competitive Bid Advance as may be disbursed by the Bank under the terms of
the Credit Agreement described below and remaining outstanding and unpaid, and
to pay interest on the unpaid principal balance of such Competitive Bid Advance
outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Competitive Bid Facility") incurred
or to be incurred by the Maker under a credit facility extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated December 16, 1999, among the Maker, the Bank, the other banks
party thereto, and Bank One, Indiana, NA, as Agent (as from time to time
amended, supplemented, replaced or otherwise modified, the "Credit Agreement").
The principal amount of the Competitive Bid Facility outstanding from time to
time shall be determined by reference to the books and records of the Bank on
which all Advances under the Competitive Bid Facility and all payments by the
Maker on account of the Competitive Bid Facility shall be recorded. Such books
and records shall be deemed prima facie to be correct as to such matters.
----- -----
The terms "Competitive Bid Advance," "Maturity Date," and "Banking Day" are
used in this Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of this Note outstanding from time
to time prior to and after the Maturity Date for such Competitive Bid Advance
will accrue at the rate or rates provided in the Credit Agreement. Prior to the
Maturity Date for such Competitive Bid Advance, accrued interest on the
outstanding principal balance of this Note shall be due and payable on such
dates as set forth in the Credit Agreement and on the Maturity Date for such
Competitive Bid Advance. After the Maturity Date for such Competitive Bid
Advance, interest shall be due and payable as accrued and without demand.
Interest will be calculated on the basis that an entire year's interest is
earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws
allow the greater interest, as such laws now exist or may be changed or amended
or come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the Maturity Date for such
Competitive Bid Advance as evidenced by this Note. Reference is made to the
Credit Agreement which provides for acceleration of the maturity of the
Competitive Bid Advance evidenced by this Note upon the happening of Events of
Default as defined therein. All payments made by the Maker hereunder shall be
made for the account of the Bank at the office of Bank One, Indiana, NA located
at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇. ▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:________________________________
Vice President
Exhibit 4-A
EXHIBIT D - 6
PROMISSORY NOTE
(Competitive Bid Facility)
$_______________ Indianapolis, Indiana
Dated: __________________
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of FIFTH THIRD
BANK, INDIANA (the "Bank") the principal sum of $______________ or so much of
such Competitive Bid Advance as may be disbursed by the Bank under the terms of
the Credit Agreement described below and remaining outstanding and unpaid, and
to pay interest on the unpaid principal balance of such Competitive Bid Advance
outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Competitive Bid Facility") incurred
or to be incurred by the Maker under a credit facility extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated December 16, 1999, among the Maker, the Bank, the other banks
party thereto, and Bank One, Indiana, NA, as Agent (as from time to time
amended, supplemented, replaced or otherwise modified, the "Credit Agreement").
The principal amount of the Competitive Bid Facility outstanding from time to
time shall be determined by reference to the books and records of the Bank on
which all Advances under the Competitive Bid Facility and all payments by the
Maker on account of the Competitive Bid Facility shall be recorded. Such books
and records shall be deemed prima facie to be correct as to such matters.
----- -----
The terms "Competitive Bid Advance," "Maturity Date," and "Banking Day" are
used in this Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of this Note outstanding from time
to time prior to and after the Maturity Date for such Competitive Bid Advance
will accrue at the rate or rates provided in the Credit Agreement. Prior to the
Maturity Date for such Competitive Bid Advance, accrued interest on the
outstanding principal balance of this Note shall be due and payable on such
dates as set forth in the Credit Agreement and on the Maturity Date for such
Competitive Bid Advance. After the Maturity Date for such Competitive Bid
Advance, interest shall be due and payable as accrued and without demand.
Interest will be calculated on the basis that an entire year's interest is
earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws allow
the greater interest, as such laws now exist or may be changed or amended or
come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the Maturity Date for such
Competitive Bid Advance as evidenced by this Note. Reference is made to the
Credit Agreement which provides for acceleration of the maturity of the
Competitive Bid Advance evidenced by this Note upon the happening of Events of
Default as defined therein. All payments made by the Maker hereunder shall be
made for the account of the Bank at the office of Bank One, Indiana, NA located
at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇. ▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:__________________________________
Vice President
Exhibit 4-A
EXHIBIT D - 7
PROMISSORY NOTE
(Competitive Bid Facility)
$_______________ Indianapolis, Indiana
Dated: _________________
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of THE NORTHERN
TRUST COMPANY (the "Bank") the principal sum of $______________ or so much of
such Competitive Bid Advance as may be disbursed by the Bank under the terms of
the Credit Agreement described below and remaining outstanding and unpaid, and
to pay interest on the unpaid principal balance of such Competitive Bid Advance
outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Competitive Bid Facility") incurred
or to be incurred by the Maker under a credit facility extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated December 16, 1999, among the Maker, the Bank, the other banks
party thereto, and Bank One, Indiana, NA, as Agent (as from time to time
amended, supplemented, replaced or otherwise modified, the "Credit Agreement").
The principal amount of the Competitive Bid Facility outstanding from time to
time shall be determined by reference to the books and records of the Bank on
which all Advances under the Competitive Bid Facility and all payments by the
Maker on account of the Competitive Bid Facility shall be recorded. Such books
and records shall be deemed prima facie to be correct as to such matters.
----- -----
The terms "Competitive Bid Advance," "Maturity Date," and "Banking Day" are
used in this Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of this Note outstanding from time
to time prior to and after the Maturity Date for such Competitive Bid Advance
will accrue at the rate or rates provided in the Credit Agreement. Prior to the
Maturity Date for such Competitive Bid Advance, accrued interest on the
outstanding principal balance of this Note shall be due and payable on such
dates as set forth in the Credit Agreement and on the Maturity Date for such
Competitive Bid Advance. After the Maturity Date for such Competitive Bid
Advance, interest shall be due and payable as accrued and without demand.
Interest will be calculated on the basis that an entire year's interest is
earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws allow
the greater interest, as such laws now exist or may be changed or amended or
come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the Maturity Date for such
Competitive Bid Advance as evidenced by this Note. Reference is made to the
Credit Agreement which provides for acceleration of the maturity of the
Competitive Bid Advance evidenced by this Note upon the happening of Events of
Default as defined therein. All payments made by the Maker hereunder shall be
made for the account of the Bank at the office of Bank One, Indiana, NA located
at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇. ▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:_________________________________
Vice President
Exhibit 4-A
EXHIBIT D - 8
PROMISSORY NOTE
(Competitive Bid Facility)
$_______________ Indianapolis, Indiana
Dated: _________________
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of THE
HUNTINGTON NATIONAL BANK (the "Bank") the principal sum of $______________ or so
much of such Competitive Bid Advance as may be disbursed by the Bank under the
terms of the Credit Agreement described below and remaining outstanding and
unpaid, and to pay interest on the unpaid principal balance of such Competitive
Bid Advance outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Competitive Bid Facility") incurred
or to be incurred by the Maker under a credit facility extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated December 16, 1999, among the Maker, the Bank, the other banks
party thereto, and Bank One, Indiana, NA, as Agent (as from time to time
amended, supplemented, replaced or otherwise modified, the "Credit Agreement").
The principal amount of the Competitive Bid Facility outstanding from time to
time shall be determined by reference to the books and records of the Bank on
which all Advances under the Competitive Bid Facility and all payments by the
Maker on account of the Competitive Bid Facility shall be recorded. Such books
and records shall be deemed prima facie to be correct as to such matters.
----- -----
The terms "Competitive Bid Advance," "Maturity Date," and "Banking Day" are
used in this Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of this Note outstanding from time
to time prior to and after the Maturity Date for such Competitive Bid Advance
will accrue at the rate or rates provided in the Credit Agreement. Prior to the
Maturity Date for such Competitive Bid Advance, accrued interest on the
outstanding principal balance of this Note shall be due and payable on such
dates as set forth in the Credit Agreement and on the Maturity Date for such
Competitive Bid Advance. After the Maturity Date for such Competitive Bid
Advance, interest shall be due and payable as accrued and without demand.
Interest will be calculated on the basis that an entire year's interest is
earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws allow
the greater interest, as such laws now exist or may be changed or amended or
come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the Maturity Date for such
Competitive Bid Advance as evidenced by this Note. Reference is made to the
Credit Agreement which provides for acceleration of the maturity of the
Competitive Bid Advance evidenced by this Note upon the happening of Events of
Default as defined therein. All payments made by the Maker hereunder shall be
made for the account of the Bank at the office of Bank One, Indiana, NA located
at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇. ▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:________________________________
Vice President
EXHIBIT E - 1
PROMISSORY NOTE
(Revolving Credit)
Indianapolis, Indiana
$30,000,000.00 Dated: December 16, 1999
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of BANK ONE,
INDIANA, NA (the "Bank") the principal sum of Thirty Million and No/100 Dollars
($30,000,000.00) or so much of the unpaid principal amount of each Advance
represented by this Note as may be disbursed by the Bank under the terms of the
Credit Agreement described below and remaining outstanding and unpaid, and to
pay interest on the unpaid principal balance of each Advance outstanding from
time to time as provided in this Note.
This Note evidences indebtedness (the "Revolving Credit") incurred or to be
incurred by the Maker under a revolving line of credit extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of the date of this Note, among the Maker, the Bank, the
other banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to
time amended, supplemented, replaced or otherwise modified, the "Credit
Agreement"). The principal amount of the Revolving Credit outstanding from time
to time shall be determined by reference to the books and records of the Bank on
which all Advances under the Revolving Credit and all payments by the Maker on
account of the Revolving Credit shall be recorded. Such books and records shall
be deemed prima facie to be correct as to such matters.
----- -----
The terms "Advance," "Maturity Date," and "Banking Day" are used in this
Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of each Advance outstanding from
time to time prior to and after the Maturity Date for such Advance will accrue
at the rate or rates provided in the Credit Agreement. Prior to the Maturity
Date for such Advance, accrued interest on each Advance shall be due and payable
on such dates as set forth in the Credit Agreement and on the Maturity Date for
such Advance. After the Maturity Date for such Advance, interest shall be due
and payable as accrued and without demand. Interest will be calculated on the
basis that an entire year's interest is earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws allow
the greater interest, as such laws now exist or may be changed or amended or
come into effect in the future.
Exhibit 4-A
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the respective Maturity Date for
each such Advance. Reference is made to the Credit Agreement which provides for
acceleration of the maturity of all Advances evidenced by this Note upon the
happening of Events of Default as defined therein. All payments made by the
Maker hereunder shall be made for the account of the Bank at the office of Bank
One, Indiana, NA, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:__________________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive
Vice President
Exhibit 4-A
EXHIBIT E - 2
PROMISSORY NOTE
(Revolving Credit)
Indianapolis, Indiana
$10,000,000.00 Dated: December 16, 1999
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of COMERICA BANK
(the "Bank") the principal sum of Ten Million and No/100 Dollars
($10,000,000.00) or so much of the unpaid principal amount of each Advance
represented by this Note as may be disbursed by the Bank under the terms of the
Credit Agreement described below and remaining outstanding and unpaid, and to
pay interest on the unpaid principal balance of each Advance outstanding from
time to time as provided in this Note.
This Note evidences indebtedness (the "Revolving Credit") incurred or to be
incurred by the Maker under a revolving line of credit extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of the date of this Note, among the Maker, the Bank, the
other banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to
time amended, supplemented, replaced or otherwise modified, the "Credit
Agreement"). The principal amount of the Revolving Credit outstanding from time
to time shall be determined by reference to the books and records of the Bank on
which all Advances under the Revolving Credit and all payments by the Maker on
account of the Revolving Credit shall be recorded. Such books and records shall
be deemed prima facie to be correct as to such matters.
----- -----
The terms "Advance," "Maturity Date," and "Banking Day" are used in this
Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of each Advance outstanding from
time to time prior to and after the Maturity Date for such Advance will accrue
at the rate or rates provided in the Credit Agreement. Prior to the Maturity
Date for such Advance, accrued interest on each Advance shall be due and payable
on such dates as set forth in the Credit Agreement and on the Maturity Date for
such Advance. After the Maturity Date for such Advance, interest shall be due
and payable as accrued and without demand. Interest will be calculated on the
basis that an entire year's interest is earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws allow
the greater interest, as such laws now exist or may be changed or amended or
come into effect in the future.
Exhibit 4-A
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the respective Maturity Date for
each such Advance. Reference is made to the Credit Agreement which provides for
acceleration of the maturity of all Advances evidenced by this Note upon the
happening of Events of Default as defined therein. All payments made by the
Maker hereunder shall be made for the account of the Bank at the office of Bank
One, Indiana, NA, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:__________________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive
Vice President
Exhibit 4-A
EXHIBIT E - 3
PROMISSORY NOTE
(Revolving Credit)
Indianapolis, Indiana
$31,000,000.00 Dated: December 16, 1999
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of KEYBANK
NATIONAL ASSOCIATION (the "Bank") the principal sum of Thirty-One Million and
No/100 Dollars ($31,000,000.00) or so much of the unpaid principal amount of
each Advance represented by this Note as may be disbursed by the Bank under the
terms of the Credit Agreement described below and remaining outstanding and
unpaid, and to pay interest on the unpaid principal balance of each Advance
outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Revolving Credit") incurred or to be
incurred by the Maker under a revolving line of credit extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of the date of this Note, among the Maker, the Bank, the
other banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to
time amended, supplemented, replaced or otherwise modified, the "Credit
Agreement"). The principal amount of the Revolving Credit outstanding from time
to time shall be determined by reference to the books and records of the Bank on
which all Advances under the Revolving Credit and all payments by the Maker on
account of the Revolving Credit shall be recorded. Such books and records shall
be deemed prima facie to be correct as to such matters.
----- -----
The terms "Advance," "Maturity Date," and "Banking Day" are used in this
Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of each Advance outstanding from
time to time prior to and after the Maturity Date for such Advance will accrue
at the rate or rates provided in the Credit Agreement. Prior to the Maturity
Date for such Advance, accrued interest on each Advance shall be due and payable
on such dates as set forth in the Credit Agreement and on the Maturity Date for
such Advance. After the Maturity Date for such Advance, interest shall be due
and payable as accrued and without demand. Interest will be calculated on the
basis that an entire year's interest is earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note
shall mean the laws of the state in which the principal office of the Bank or
any holder is located, or the laws of the United States, whichever laws allow
the greater interest, as such laws now exist or may be changed or amended or
come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the respective Maturity Date for
each such Advance. Reference is made to the Credit Agreement which provides for
acceleration of the maturity of all Advances evidenced by this Note upon the
happening of Events of Default as defined therein. All payments made by the
Maker hereunder shall be made for the account of the Bank at the office of Bank
One, Indiana, NA, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:_____________________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive
Vice President
Exhibit 4-A
EXHIBIT E - 4
PROMISSORY NOTE
(Revolving Credit)
Indianapolis, Indiana
$35,000,000.00 Dated: December 16, 1999
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of SUNTRUST
BANK, CENTRAL FLORIDA, N.A. (the "Bank") the principal sum of Thirty-Five
Million and No/100 Dollars ($35,000,000.00) or so much of the unpaid principal
amount of each Advance represented by this Note as may be disbursed by the Bank
under the terms of the Credit Agreement described below and remaining
outstanding and unpaid, and to pay interest on the unpaid principal balance of
each Advance outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Revolving Credit") incurred or to be
incurred by the Maker under a revolving line of credit extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of the date of this Note, among the Maker, the Bank, the
other banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to
time amended, supplemented, replaced or otherwise modified, the "Credit
Agreement"). The principal amount of the Revolving Credit outstanding from time
to time shall be determined by reference to the books and records of the Bank on
which all Advances under the Revolving Credit and all payments by the Maker on
account of the Revolving Credit shall be recorded. Such books and records shall
be deemed prima facie to be correct as to such matters.
----- -----
The terms "Advance," "Maturity Date," and "Banking Day" are used in this
Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of each Advance outstanding from
time to time prior to and after the Maturity Date for such Advance will accrue
at the rate or rates provided in the Credit Agreement. Prior to the Maturity
Date for such Advance, accrued interest on each Advance shall be due and payable
on such dates as set forth in the Credit Agreement and on the Maturity Date for
such Advance. After the Maturity Date for such Advance, interest shall be due
and payable as accrued and without demand. Interest will be calculated on the
basis that an entire year's interest is earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note shall
mean the laws of the state in which the principal office of the Bank or any
holder is located, or the laws of the United States, whichever laws allow the
greater interest, as such laws now exist or may be changed or amended or come
into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the respective Maturity Date for
each such Advance. Reference is made to the Credit Agreement which provides for
acceleration of the maturity of all Advances evidenced by this Note upon the
happening of Events of Default as defined therein. All payments made by the
Maker hereunder shall be made for the account of the Bank at the office of Bank
One, Indiana, NA, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:__________________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive
Vice President
Exhibit 4-A
EXHIBIT E - 5
PROMISSORY NOTE
(Revolving Credit)
Indianapolis, Indiana
$10,000,000.00 Dated: December 16, 1999
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of NATIONAL CITY
BANK OF INDIANA (the "Bank") the principal sum of Ten Million and No/100 Dollars
($10,000,000.00) or so much of the unpaid principal amount of each Advance
represented by this Note as may be disbursed by the Bank under the terms of the
Credit Agreement described below and remaining outstanding and unpaid, and to
pay interest on the unpaid principal balance of each Advance outstanding from
time to time as provided in this Note.
This Note evidences indebtedness (the "Revolving Credit") incurred or to be
incurred by the Maker under a revolving line of credit extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of the date of this Note, among the Maker, the Bank, the
other banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to
time amended, supplemented, replaced or otherwise modified, the "Credit
Agreement"). The principal amount of the Revolving Credit outstanding from time
to time shall be determined by reference to the books and records of the Bank on
which all Advances under the Revolving Credit and all payments by the Maker on
account of the Revolving Credit shall be recorded. Such books and records shall
be deemed prima facie to be correct as to such matters.
----- -----
The terms "Advance," "Maturity Date," and "Banking Day" are used in this
Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of each Advance outstanding from
time to time prior to and after the Maturity Date for such Advance will accrue
at the rate or rates provided in the Credit Agreement. Prior to the Maturity
Date for such Advance, accrued interest on each Advance shall be due and payable
on such dates as set forth in the Credit Agreement and on the Maturity Date for
such Advance. After the Maturity Date for such Advance, interest shall be due
and payable as accrued and without demand. Interest will be calculated on the
basis that an entire year's interest is earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note shall
mean the laws of the state in which the principal office of the Bank or any
holder is located, or the laws of the United States, whichever laws allow the
greater interest, as such laws now exist or may be changed or amended or come
into effect in the future.
Exhibit 4-A
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the respective Maturity Date for
each such Advance. Reference is made to the Credit Agreement which provides for
acceleration of the maturity of all Advances evidenced by this Note upon the
happening of Events of Default as defined therein. All payments made by the
Maker hereunder shall be made for the account of the Bank at the office of Bank
One, Indiana, NA, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:_________________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive
Vice President
Exhibit 4-A
EXHIBIT E - 6
PROMISSORY NOTE
(Revolving Credit)
Indianapolis, Indiana
$9,000,000.00 Dated: December 16, 1999
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of FIFTH THIRD
BANK, INDIANA (the "Bank") the principal sum of Nine Million and No/100 Dollars
($9,000,000.00) or so much of the unpaid principal amount of each Advance
represented by this Note as may be disbursed by the Bank under the terms of the
Credit Agreement described below and remaining outstanding and unpaid, and to
pay interest on the unpaid principal balance of each Advance outstanding from
time to time as provided in this Note.
This Note evidences indebtedness (the "Revolving Credit") incurred or to be
incurred by the Maker under a revolving line of credit extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of the date of this Note, among the Maker, the Bank, the
other banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to
time amended, supplemented, replaced or otherwise modified, the "Credit
Agreement"). The principal amount of the Revolving Credit outstanding from time
to time shall be determined by reference to the books and records of the Bank on
which all Advances under the Revolving Credit and all payments by the Maker on
account of the Revolving Credit shall be recorded. Such books and records shall
be deemed prima facie to be correct as to such matters.
----- -----
The terms "Advance," "Maturity Date," and "Banking Day" are used in this
Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of each Advance outstanding from
time to time prior to and after the Maturity Date for such Advance will accrue
at the rate or rates provided in the Credit Agreement. Prior to the Maturity
Date for such Advance, accrued interest on each Advance shall be due and payable
on such dates as set forth in the Credit Agreement and on the Maturity Date for
such Advance. After the Maturity Date for such Advance, interest shall be due
and payable as accrued and without demand. Interest will be calculated on the
basis that an entire year's interest is earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note shall
mean the laws of the state in which the principal office of the Bank or any
holder is located, or the laws of the United States, whichever laws allow the
greater interest, as such laws now exist or may be changed or amended or come
into effect in the future.
Exhibit 4-A
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the respective Maturity Date for
each such Advance. Reference is made to the Credit Agreement which provides for
acceleration of the maturity of all Advances evidenced by this Note upon the
happening of Events of Default as defined therein. All payments made by the
Maker hereunder shall be made for the account of the Bank at the office of Bank
One, Indiana, NA, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:_____________________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive
Vice President
Exhibit 4-A
EXHIBIT E - 7
PROMISSORY NOTE
(Revolving Credit)
Indianapolis, Indiana
$15,000,000.00 Dated: December 16, 1999
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of THE NORTHERN
TRUST COMPANY (the "Bank") the principal sum of Fifteen Million and No/100
Dollars ($15,000,000.00) or so much of the unpaid principal amount of each
Advance represented by this Note as may be disbursed by the Bank under the terms
of the Credit Agreement described below and remaining outstanding and unpaid,
and to pay interest on the unpaid principal balance of each Advance outstanding
from time to time as provided in this Note.
This Note evidences indebtedness (the "Revolving Credit") incurred or to be
incurred by the Maker under a revolving line of credit extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of the date of this Note, among the Maker, the Bank, the
other banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to
time amended, supplemented, replaced or otherwise modified, the "Credit
Agreement"). The principal amount of the Revolving Credit outstanding from time
to time shall be determined by reference to the books and records of the Bank on
which all Advances under the Revolving Credit and all payments by the Maker on
account of the Revolving Credit shall be recorded. Such books and records shall
be deemed prima facie to be correct as to such matters.
----- -----
The terms "Advance," "Maturity Date," and "Banking Day" are used in this
Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of each Advance outstanding from
time to time prior to and after the Maturity Date for such Advance will accrue
at the rate or rates provided in the Credit Agreement. Prior to the Maturity
Date for such Advance, accrued interest on each Advance shall be due and payable
on such dates as set forth in the Credit Agreement and on the Maturity Date for
such Advance. After the Maturity Date for such Advance, interest shall be due
and payable as accrued and without demand. Interest will be calculated on the
basis that an entire year's interest is earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note shall
mean the laws of the state in which the principal office of the Bank or any
holder is located, or the laws of the United States, whichever laws allow the
greater interest, as such laws now exist or may be changed or amended or come
into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the respective Maturity Date for
each such Advance. Reference is made to the Credit Agreement which provides for
acceleration of the maturity of all Advances evidenced by this Note upon the
happening of Events of Default as defined therein. All payments made by the
Maker hereunder shall be made for the account of the Bank at the office of Bank
One, Indiana, NA, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:____________________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive
Vice President
Exhibit 4-A
EXHIBIT E - 8
PROMISSORY NOTE
(Revolving Credit)
Indianapolis, Indiana
$10,000,000.00 Dated: December 16, 1999
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of THE
HUNTINGTON NATIONAL BANK (the "Bank") the principal sum of Ten Million and
No/100 Dollars ($15,000,000.00) or so much of the unpaid principal amount of
each Advance represented by this Note as may be disbursed by the Bank under the
terms of the Credit Agreement described below and remaining outstanding and
unpaid, and to pay interest on the unpaid principal balance of each Advance
outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Revolving Credit") incurred or to be
incurred by the Maker under a revolving line of credit extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of the date of this Note, among the Maker, the Bank, the
other banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to
time amended, supplemented, replaced or otherwise modified, the "Credit
Agreement"). The principal amount of the Revolving Credit outstanding from time
to time shall be determined by reference to the books and records of the Bank on
which all Advances under the Revolving Credit and all payments by the Maker on
account of the Revolving Credit shall be recorded. Such books and records shall
be deemed prima facie to be correct as to such matters.
----- -----
The terms "Advance," "Maturity Date," and "Banking Day" are used in this
Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of each Advance outstanding from
time to time prior to and after the Maturity Date for such Advance will accrue
at the rate or rates provided in the Credit Agreement. Prior to the Maturity
Date for such Advance, accrued interest on each Advance shall be due and payable
on such dates as set forth in the Credit Agreement and on the Maturity Date for
such Advance. After the Maturity Date for such Advance, interest shall be due
and payable as accrued and without demand. Interest will be calculated on the
basis that an entire year's interest is earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to the provisions of the Credit
Agreement which more fully sets out the limitations on how interest accrues
hereon. In the event applicable law provides for a rate ceiling, that ceiling
shall be the indicated rate ceiling and shall be used in this Note for
calculating the maximum interest rate at which interest may be charged hereon
and for all other purposes. The term "applicable law" as used in this Note shall
mean the laws of the state in which the principal office of the Bank or any
holder is located, or the laws of the United States, whichever laws allow the
greater interest, as such laws now exist or may be changed or amended or come
into effect in the future.
Exhibit 4-A
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the respective Maturity Date for
each such Advance. Reference is made to the Credit Agreement which provides for
acceleration of the maturity of all Advances evidenced by this Note upon the
happening of Events of Default as defined therein. All payments made by the
Maker hereunder shall be made for the account of the Bank at the office of Bank
One, Indiana, NA, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
▇▇▇▇▇-▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:_________________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive
Vice President
Exhibit ▇-▇
▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇
(▇▇▇▇▇ ▇▇▇▇)
▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇
$20,000,000.00 Dated: December 16, 1999
Maturity: December 14, 2000
On or before December 14, 2000, BINDLEY WESTERN INDUSTRIES, INC., an
Indiana corporation (the "Maker"), promises to pay to the order of BANK ONE,
INDIANA, NA (the "Bank") the principal sum of Twenty Million Dollars
($20,000,000.00) or so much of the unpaid principal amount of each Swing Line
Advance represented by this Note as may be disbursed by the Bank under the terms
of the Credit Agreement described below and remaining outstanding and unpaid,
and to pay interest on the unpaid principal balance of each Swing Line Advance
outstanding from time to time as provided in this Note.
This Note evidences indebtedness (the "Swing Line ") incurred or to be
incurred by the Maker under a revolving line of credit extended to the Maker by
the Bank under that certain First Amendment to Third Amended and Restated Credit
Agreement dated as of the date of this Note, among the Maker, the Bank, the
other banks party thereto, and Bank One, Indiana, NA, as Agent (as from time to
time amended, supplemented, replaced or otherwise modified, the "Credit
Agreement"). The principal amount of the Swing Line outstanding from time to
time shall be determined by reference to the books and records of the Bank on
which all Swing Line Advances under the Swing Line and all payments by the Maker
on account of the Swing Line shall be recorded. Such books and records shall be
deemed prima facie to be correct as to such matters.
----- -----
The terms "Swing Line Advance," "Maturity Date," and "Banking Day" are used
in this Note as defined in the Credit Agreement.
Interest on the unpaid principal balance of each Swing Line Advance
outstanding from time to time prior to and after the Maturity Date for such
Swing Line Advance will accrue at the rate or rates provided in the Credit
Agreement. Prior to the Maturity Date for such Swing Line Advance, accrued
interest on each Swing Line Advance shall be due and payable on such dates as
set forth in the Credit Agreement and on the Maturity Date for such Swing Line
Advance. After the Maturity Date for such Swing Line Advance, interest shall be
due and payable as accrued and without demand. Interest will be calculated on
the basis that an entire year's interest is earned in 360 days.
Notwithstanding any other provisions of this Note, in no event shall the
interest payable hereon, whether before or after maturity, exceed the maximum
amount of interest which, under applicable law, may be charged hereon to the
Maker, and this Note is expressly made subject to
the provisions of the Credit Agreement which more fully sets out the limitations
on how interest accrues hereon. In the event applicable law provides for a rate
ceiling, that ceiling shall be the indicated rate ceiling and shall be used in
this Note for calculating the maximum interest rate at which interest may be
charged hereon and for all other purposes. The term "applicable law" as used in
this Note shall mean the laws of the state in which the principal office of the
Bank or any holder is located, or the laws of the United States, whichever laws
allow the greater interest, as such laws now exist or may be changed or amended
or come into effect in the future.
The entire outstanding principal balance of this Note shall be due and
payable, together with accrued interest, on the respective Maturity Date for
each such Swing Line Advance. Reference is made to the Credit Agreement which
provides for acceleration of the maturity of all Swing Line Advances evidenced
by this Note upon the happening of Events of Default as defined therein. All
payments made by the Maker hereunder shall be made for the account of the Bank
at the office of Bank One, Indiana, NA, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇,
▇▇▇▇▇▇▇ ▇▇▇▇▇.
All payments on account of this Note shall be applied first to expenses of
collection, next to interest which is due and payable, and only after
satisfaction of all such expenses and interest, to principal.
The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or extensions of the time of payment of this Note without notice.
All amounts payable under the terms of this Note shall be payable with
expenses of collection, including attorneys' fees, and without relief from
valuation and appraisement laws.
This Note may be prepaid only upon the conditions and at such times as
provided in the Credit Agreement.
This Note is made under and will be governed by the laws of the State of
Indiana without reference to conflicts of law and principles thereunder.
BINDLEY WESTERN INDUSTRIES, INC.
By:___________________________________
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Executive
Vice President
Exhibit 4-A
EXHIBIT G
---------
COMPLIANCE CERTIFICATE
I represent that I am the [chief executive officer or chief financial
officer] of BINDLEY WESTERN INDUSTRIES, INC. ("Borrower") and pursuant to the
terms of the First Amendment to Third Amended and Restated Credit Agreement
dated effective December 16, 1999 by and among the Borrower and the Banks which
are parties thereto, I certify that:
1. Each of the representations contained in Sections 5.01 through 5.12,
inclusive, and 5.15 of the Credit Agreement are true and correct as of
the date of this Officer's Certificate.
2. The financial statements of the Borrower as of ___________, _____, and
for the fiscal year then ended, and the financial statements as of
______________________, _____, and for the partial fiscal year then
ended, present fairly the financial condition of the Borrower and the
results of its operations as of the dates of such statements and for
the fiscal periods then ended, and since the date of the latest of
such statements there has been no material adverse change in its
financial position or its operations.
3. No Default, as such term is defined in the Credit Agreement, has
occurred and is continuing.
4. Computation of Borrower's compliance with each of the financial
covenants as contained in the Credit Agreement is set forth below:
Net Worth (Section 6.09) Current Requirement
--------- -------------------
1. Total Assets ________
2. Total Liabilities, Reserves and
Minority Interest ________
3. Line 1 minus Line 2 ________ $295,000,000
Total Debt to EBITDA (Section 6.10)
--------------------
1. Total Debt ________
2. EBITDA ________
3. Line 1 divided by Line 2 ________ 3.25 to 1.0
Interest Coverage Ratio (Section 6.11)
-----------------------
1. Net Income (excluding all extraordinary
gains and losses) ________
2. Income Taxes ________
3. Interest Expense ________
4. Line 1 plus Lines 2 and 3 ________
5. Interest Expense (same as Line 3) ________
6. Line 4 divided by Line 5 ________ 2.50 to 1.0
BINDLEY WESTERN INDUSTRIES, INC.
By:________________________________
___________________________________
(Printed Name and Title)
Date:___________________________
EXHIBIT 4-B
AMENDMENT NO. 1 TO RECEIVABLES PURCHASE AGREEMENT
This Amendment No. 1 (the "Amendment") is dated as of December 15, 1999
among Bindley Western Funding Corporation (the "Seller"), Falcon Asset
Securitization Corporation ("Falcon"), the financial institutions signatory
hereto (the "Investors") and Bank One, NA (formerly known as The First National
Bank of Chicago), as agent (the "Agent") for Falcon and the Investors
(collectively, the "Purchasers").
W I T N E S S E T H:
WHEREAS, the Seller, the Purchasers and the Agent are parties to that
certain Receivables Purchase Agreement dated as of December 28, 1998 (the
"Agreement"); and
WHEREAS, the Seller the undersigned Purchasers and the Agent desire to
amend the Agreement so as to (i) add Sun Trust Bank, Central Florida, NA, The
Northern Trust Company, The Huntington National Bank and Bank One, Indiana, NA
as Investors thereunder (the "New Investors"), (ii) remove NationsBank, N.A.
(now known as Bank of America National Trust and Savings Association) and NBD
Bank, N.A. (the "Exiting Investors") as Investors thereunder, (iii) increase the
aggregate Commitments of the Investors thereunder to $350,000,000, and (iv)
amend various other provisions of the Agreement as more fully described
hereinafter;
NOW, THEREFORE, in consideration of the premises herein contained, and for
other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto hereby agree as follows:
1. Defined Terms. Capitalized terms used herein and not otherwise
-------------
defined shall have their meanings as attributed to such terms in the Agreement.
2. Amendments to the Agreement.
---------------------------
2.1. Amendment to Section 7.1(e)(i). Section 7.1(e)(i) of the Agreement is
------------------------------
hereby amended by deleting the percentage "28.0%" where it appears therein and
inserting the percentage "23.0%" in lieu thereof.
2.2. Amendment to Section 1.11. Section 1.11 of the Agreement is hereby
-------------------------
deleted in its entirety.
2.3. Amendment to Section 1.12. Section 1.12 of the Agreement is hereby
-------------------------
deleted in its entirety.
2.4. Increase in the Total Commitment. The Total Commitment amount set
--------------------------------
forth on the first signature page to the Agreement is hereby amended by deleting
the amount "$250,000,000" where it appears thereon and inserting the amount
"$350,000,000" in lieu thereof.
2.5. Adjustment of Commitments. The signature pages to the Agreement are
-------------------------
hereby amended by deleting the amount of the Commitment of each Investor set
forth on the signature pages of the Agreement and inserting in lieu therefor the
amount set forth opposite such Investor's respective signature hereto.
2.6. Amendment to the Definition of Commitment. The definition of
-----------------------------------------
"Commitment" appearing in Exhibit I to the Agreement is hereby amended in its
entirety to read as set forth below:
"`Commitment' means, for each Investor, the commitment of such
----------
Investor to purchase its Pro Rata Share of Receivable Interests from (i) the
Seller and (ii) Falcon, such Pro Rata Share not to exceed, in the aggregate, the
amount set forth opposite such Investor's name on the signature pages of
Amendment No. 1 to the Agreement dated as of December 15, 1999, as such amount
may be modified in accordance with the terms hereof."
2.7. Amendment to the Definition of Liquidity Termination Date. The
---------------------------------------------------------
definition of "Liquidity Termination Date" appearing in Exhibit I to the
Agreement is hereby amended in its entirety to read as set forth below:
"'Liquidity Termination Date' means December 13, 2000."
--------------------------
2.8. Amendment to the Definition of Total Government Obligor Limit. The
-------------------------------------------------------------
definition of "Total Government Obligor Limit" appearing in Exhibit I to the
Agreement is hereby amended by deleting the percentage "10%" where it appears
therein and inserting the percentage "17%" in lieu thereof.
3. Termination of the Commitments of the Exiting Investors. Upon the
-------------------------------------------------------
effectiveness of this Amendment pursuant to paragraph 6 hereof, the Commitments
of the Exiting Investors are hereby terminated and cancelled in full and the
Exiting Investors shall cease to be Investors under the Agreement.
4. Inclusion of the New Investors. Upon the effectiveness of this
------------------------------
Amendment pursuant to paragraph 6 hereof, each New Investor (a) shall for all
purposes be an Investor under and pursuant to the terms of the Agreement, as
amended hereby, (b) shall have all the rights and obligations of an Investor
ender the Agreement, as amended hereby, and (ii) shall have the respective
Commitment under the Agreement in the amount set forth opposite its signature
hereto.
5. Representations and Warranties. In order to induce the Agent and the
------------------------------
undersigned Purchasers to enter into this Amendment the Seller represents and
warrants that:
5.1. The representations and warranties set forth in Article III of the
Agreement, as hereby amended, are true, correct and complete on the date hereof
as if made on and as of the date hereof and that there exists no Termination
Event or Potential Termination Event on the date hereof.
5.2. The execution and delivery by the Seller of this Amendment has been
duly authorized by proper corporate proceedings of the Seller and this
Amendment, and the Agreement, as amended by this Amendment, constitutes the
legal, valid and binding obligation of the Seller enforceable against the Seller
in accordance with its terms, except as such enforcement may be limited by
applicable bankruptcy, insolvency, reorganization or other similar laws relating
to or limiting creditors' rights generally.
5.3. Neither the execution and delivery by the Seller of this Amendment,
nor the consummation of the transactions herein contemplated, nor compliance
with the provisions hereof will violate any law, rule, regulation, order, writ,
judgment, injunction, decree or award binding on the Seller or any Subsidiary or
the Seller's or any Subsidiary's articles of incorporation or by-laws or the
provisions of any indenture, instrument or agreement to which the Seller or any
Subsidiary is a party or is subject, or by which it or its property, is bound,
or conflict with or constitute a default thereunder.
6. Effective Date. This Amendment shall become effective as of the date
--------------
above first written upon receipt by the Agent of (i) counterparts of this
Amendment duly executed by the Seller and each of the Investors and (ii)
payments for the accounts of the Exiting Investors of all Investor Fees payable
to the Exiting Investors under the Agreement, accrued for the period through and
including the date of this Amendment. The Agent agrees to promptly remit such
amount to the Exiting Investors upon its receipt thereof.
8. Ratification. The Agreement, as amended hereby, is hereby ratified,
------------
approved and confirmed in all respects.
9. Reference to Agreement. From and after the effective date hereof,
----------------------
each reference in the Agreement to "this Agreement", "hereof", or "hereunder" or
words of like import, and all references to the Agreement in any and all
agreements, instruments, documents, notes, certificates and other writings of
every kind and nature shall be deemed to mean the Agreement, as amended by this
Amendment.
10. Costs and Expenses. The Seller agrees to pay all costs, fees, and
------------------
out-of-pocket expenses (including attorneys' fees and time charges of attorneys
for the Agent, which attorneys may be employees of the Agent) incurred by the
Agent in connection with the preparation, execution and enforcement of this
Amendment.
11. CHOICE OF LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
-------------
THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS.
12. Execution in Counterparts. This Amendment may be executed in any
-------------------------
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement.
IN WITNESS WHEREOF, the Seller, the undersigned Investors and the Agent have
executed this Amendment as of the date first above written.
BINDLEY WESTERN FUNDING
CORPORATION, as Seller
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
-----------------------
Title: Chairman
--------
FALCON ASSET SECURITIZATION CORPORATION
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
--------------------
Authorized Signatory
BANK ONE, NA (formerly known as THE
FIRST NATIONAL BANK OF
CHICAGO), as Agent
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------
Title: First Vice President
---------------------
INVESTORS
---------
Total Commitment
----------------
$350,000,000
Commitment BANK ONE, INDIANA, NA
----------
$180,000,000
By: _______________ ______________________
Title: _________________________
Commitment COMERICA BANK __
----------
$35,000,0000
By: ____________________________
Title: _________________________
Commitment KEYBANK NATIONAL ASSOCIATION
----------
$33,000,000
By: ___________________ __________________
Title: _________________________
Commitment THE NORTHERN TRUST COMPANY
----------
$30,000,000
By: ____________________________
Title: _________________________
NATIONAL CITY BANK OF INDIANA
Commitment
----------
$25,000,000 By: ____________________________
Title: _________________________
Commitment THE HUNTINGTON NATIONAL BANK
----------
$20,000,000
By: ____________________________
Title: _________________________
Commitment SUNTRUST BANK, CENTRAL
----------
$15,000,000 FLORIDA, N.A.
By: ____________________________
Title: _________________________
Commitment FIFTH THIRD BANK, INDIANA
----------
$12,000,000
By: ____________________________
Title: _________________________
Commitment BANK OF AMERICA NATIONAL
----------
$ -0- TRUST AND SAVING ASSOCIATION
(formerly known as NATIONSBANK,
N.A.)
By: __________________________________
Title: _______________________________
Commitment NBD BANK, N.A.
----------
$ -0-
By: __________________________________
Title: _______________________________
Exhibit 4-B
AMENDMENT NO. 1 TO RECEIVABLES PURCHASE AGREEMENT
This Amendment No. 1 (the "Amendment") is dated as of December 15, 1999
among Bindley Western Funding Corporation (the "Seller"), Falcon Asset
Securitization Corporation ("Falcon"), the financial institutions signatory
hereto (the "Investors") and Bank One, NA (formerly known as The First National
Bank of Chicago), as agent (the "Agent") for Falcon and the Investors
(collectively, the "Purchasers").
W I T N E S S E T H:
WHEREAS, the Seller, the Purchasers and the Agent are parties to that
certain Receivables Purchase Agreement dated as of December 28, 1998 (the
"Agreement"); and
WHEREAS, the Seller the undersigned Purchasers and the Agent desire to
amend the Agreement so as to (i) add Sun Trust Bank, Central Florida, NA, The
Northern Trust Company, The Huntington National Bank and Bank One, Indiana, NA
as Investors thereunder (the "New Investors"), (ii) remove NationsBank, N.A.
(now known as Bank of America National Trust and Savings Association) and NBD
Bank, N.A. (the "Exiting Investors") as Investors thereunder, (iii) increase the
aggregate Commitments of the Investors thereunder to $350,000,000, and (iv)
amend various other provisions of the Agreement as more fully described
hereinafter;
NOW, THEREFORE, in consideration of the premises herein contained, and for
other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto hereby agree as follows:
1. Defined Terms. Capitalized terms used herein and not otherwise defined
-------------
shall have their meanings as attributed to such terms in the Agreement.
2. Amendments to the Agreement.
---------------------------
2.1. Amendment to Section 7.1(e)(i). Section 7.1(e)(i) of the Agreement is
------------------------------
hereby amended by deleting the percentage "28.0%" where it appears therein and
inserting the percentage "23.0%" in lieu thereof.
2.2. Amendment to Section 1.11. Section 1.11 of the Agreement is hereby
-------------------------
deleted in its entirety.
2.3. Amendment to Section 1.12. Section 1.12 of the Agreement is hereby
-------------------------
deleted in its entirety.
2.4. Increase in the Total Commitment. The Total Commitment amount set
--------------------------------
forth on the first signature page to the Agreement is hereby amended by deleting
the amount "$250,000,000" where it appears thereon and inserting the amount
"$350,000,000" in lieu thereof.
2.5. Adjustment of Commitments. The signature pages to the Agreement are
-------------------------
hereby amended by deleting the amount of the Commitment of each Investor set
forth on the signature pages of the Agreement and inserting in lieu therefor the
amount set forth opposite such Investor's respective signature hereto.
2.6. Amendment to the Definition of Commitment. The definition of
-----------------------------------------
"Commitment" appearing in Exhibit I to the Agreement is hereby amended in its
entirety to read as set forth below:
"`Commitment' means, for each Investor, the commitment of such Investor
----------
to purchase its Pro Rata Share of Receivable Interests from (i) the Seller and
(ii) Falcon, such Pro Rata Share not to exceed, in the aggregate, the amount set
forth opposite such Investor's name on the signature pages of Amendment No. 1 to
the Agreement dated as of December 15, 1999, as such amount may be modified in
accordance with the terms hereof."
2.7. Amendment to the Definition of Liquidity Termination Date. The
---------------------------------------------------------
definition of "Liquidity Termination Date" appearing in Exhibit I to the
Agreement is hereby amended in its entirety to read as set forth below:
"`Liquidity Termination Date' means December 13, 2000."
--------------------------
2.8. Amendment to the Definition of Total Government Obligor Limit. The
-------------------------------------------------------------
definition of "Total Government Obligor Limit" appearing in Exhibit I to the
Agreement is hereby amended by deleting the percentage "10%" where it appears
therein and inserting the percentage "17%" in lieu thereof.
3. Termination of the Commitments of the Exiting Investors. Upon the
-----------------------------------------------------
effectiveness of this Amendment pursuant to paragraph 6 hereof, the Commitments
of the Exiting Investors are hereby terminated and cancelled in full and the
Exiting Investors shall cease to be Investors under the Agreement.
4. Inclusion of the New Investors. Upon the effectiveness of this Amendment
------------------------------
pursuant to paragraph 6 hereof, each New Investor (a) shall for all purposes be
an Investor under and pursuant to the terms of the Agreement, as amended hereby,
(b) shall have all the rights and obligations of an Investor ender the
Agreement, as amended hereby, and (ii) shall have the respective Commitment
under the Agreement in the amount set forth opposite its signature hereto.
5. Representations and Warranties. In order to induce the Agent and the
------------------------------
undersigned Purchasers to enter into this Amendment the Seller represents and
warrants that:
5.1. The representations and warranties set forth in Article III of the
Agreement, as hereby amended, are true, correct and complete on the date hereof
as if made on and as of the date hereof and that there exists no Termination
Event or Potential Termination Event on the date hereof.
5.2. The execution and delivery by the Seller of this Amendment has been
duly authorized by proper corporate proceedings of the Seller and this
Amendment, and the Agreement, as amended by this Amendment, constitutes the
legal, valid and binding obligation of the Seller enforceable against the Seller
in accordance with its terms, except as such enforcement may be limited by
applicable bankruptcy, insolvency, reorganization or other similar laws relating
to or limiting creditors' rights generally.
5.3. Neither the execution and delivery by the Seller of this Amendment,
nor the consummation of the transactions herein contemplated, nor compliance
with the provisions hereof will violate any law, rule, regulation, order, writ,
judgment, injunction, decree or award binding on the Seller or any Subsidiary or
the Seller's or any Subsidiary's articles of incorporation or by-laws or the
provisions of any indenture, instrument or agreement to which the Seller or any
Subsidiary is a party or is subject, or by which it or its property, is bound,
or conflict with or constitute a default thereunder.
6. Effective Date. This Amendment shall become effective as of the date
--------------
above first written upon receipt by the Agent of (i) counterparts of this
Amendment duly executed by the Seller and each of the Investors and (ii)
payments for the accounts of the Exiting Investors of all Investor Fees payable
to the Exiting Investors under the Agreement, accrued for the period through and
including the date of this Amendment. The Agent agrees to promptly remit such
amount to the Exiting Investors upon its receipt thereof.
8. Ratification. The Agreement, as amended hereby, is hereby ratified,
------------
approved and confirmed in all respects.
9. Reference to Agreement. From and after the effective date hereof,
----------------------
each reference in the Agreement to "this Agreement", "hereof", or "hereunder" or
words of like import, and all references to the Agreement in any and all
agreements, instruments, documents, notes, certificates and other writings of
every kind and nature shall be deemed to mean the Agreement, as amended by this
Amendment.
10. Costs and Expenses. The Seller agrees to pay all costs, fees, and
------------------
out-of-pocket expenses (including attorneys' fees and time charges of attorneys
for the Agent, which attorneys may be employees of the Agent) incurred by the
Agent in connection with the preparation, execution and enforcement of this
Amendment.
11. CHOICE OF LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
-------------
THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS.
12. Execution in Counterparts. This Amendment may be executed in any
-------------------------
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement.
IN WITNESS WHEREOF, the Seller, the undersigned Investors and the Agent
have executed this Amendment as of the date first above written.
BINDLEY WESTERN FUNDING
CORPORATION, as Seller
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
------------------------
Title: Chairman
---------
FALCON ASSET SECURITIZATION CORPORATION
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------
Authorized Signatory
BANK ONE, NA (formerly known as THE
FIRST NATIONAL BANK OF
CHICAGO), as Agent
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------
Title: First Vice President
---------------------
INVESTORS
---------
Total Commitment
----------------
$350,000,000
Commitment BANK ONE, INDIANA, NA
----------
$180,000,000
By: ___________________________________
Title: ________________________
Commitment COMERICA BANK__________________
----------
$35,000,0000
By: ___________________________
Title: ________________________
Commitment KEYBANK NATIONAL ASSOCIATION
----------
$33,000,000
By: ___________________________________
Title: ________________________
Commitment THE NORTHERN TRUST COMPANY
----------
$30,000,000
By: ___________________________
Title: ________________________
NATIONAL CITY BANK OF INDIANA
Commitment
----------
$25,000,000 By: ___________________________
Title: ________________________
Commitment THE HUNTINGTON NATIONAL BANK
----------
$20,000,000
By: _____________________________
Title: __________________________
Commitment SUNTRUST BANK, CENTRAL
----------
$15,000,000 FLORIDA, N.A.
By: _____________________________
Title: __________________________
Commitment FIFTH THIRD BANK, INDIANA
----------
$12,000,000
By: _____________________________
Title: __________________________
Commitment BANK OF AMERICA NATIONAL
----------
$ -0- TRUST AND SAVING ASSOCIATION
(formerly known as NATIONSBANK,
N.A.)
By: _____________________________
Title: __________________________
Commitment NBD BANK, N.A.
----------
$ -0-
By: _____________________________
Title: __________________________