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 | 2002 |
Additional Guaranty Agreement
Additional Guaranty Agreement (22K)
Doc #279866: Click preview link for longer preview.
ADDITIONAL GUARANTY AGREEMENT
This agreement is made and entered into as of 29th day of March, 2002,
by and between AmerAlia, Inc., a Utah corporation whose address is 818
Taughenbaugh Blvd., Rifle, Colorado 81650 ("AmerAlia") and the individuals who
execute this agreement below (the "Guarantors").
RECITALS
A. AmerAlia has commenced operations necessary to build or purchase a plant for
the production of sodium bicarbonate on property near Rifle, Colorado (the "Rock
School Project"), and is seeking permanent financing to permit the Company to
commence construction activities and, or alternatively, proceed to complete
negotiations to acquire a nearby property and its production facilities.
B. AmerAlia has previously borrowed approximately $600,000 (the "Original Loan")
pursuant to a guaranty that the Guarantors previously provided to AmerAlia
pursuant to an agreement dated June 2001; and
D. AmerAlia is seeking an additional loan of $600,000 (the "Additional Loan") to
provide working capital to AmerAlia for certain expenses incurred and its
continuing operations; and
E. The Guarantors are willing to facilitate the Additional Loan by guaranteeing
the repayment of the Additional Loan; and
F. AmerAlia is willing to compensate the Guarantors for providing them this
Guaranty Agreement and taking all actions necessary that will result in AmerAlia
receiving the Additional Loan.
NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein, and for other good and valuable consideration the receipt and
sufficiency whereof is hereby acknowledged, AmerAlia and the Guarantors agree as
follows:
1. AmerAlia will execute and deliver to a bank as AmerAlia and the
Guarantors may agree (the "Bank") an application for a loan for a
minimum period of three months in an amount no greater than $600,000,
the proceeds of which will be used for AmerAlia's working capital
purposes. AmerAlia and the Guarantors agree that this Additional Loan
is separate and different from the Original Loan, and it is not the
intention of this Agreement to treat the Additional Loan as having been
combined with the Original Loan in any respect.
2. The Guarantors will execute and deliver to the Bank such forms as may
be necessary or appropriate to provide a guaranty for the repayment of
the Additional Loan in a form that is satisfactory to the Bank and to
the Guarantors, and is consistent with this Agreement (the "Guaranty").
3. AmerAlia will use the Additional Loan (the "Loan Proceeds") for the
following purposes:
(1) to pay any interest accrued on other indebtedness of AmerAlia
to the extent not previously paid, and to provide for
extension of the repayment date for the other indebtedness;
Guaranty Agreement - AmerAlia, Inc. Page 1
{PAGE}
(2) to provide for working capital expenditures for AmerAlia
(including the payment of payables) necessary in connection
with AmerAlia's continuing operations and its negotiations
with IMC Global for the purchase of the White River assets,
Centre Solutions for the debt necessary in connection with
such purchase (or construction of the Rock School plant), and
for the equity necessary for such activities.
4. As a condition of the Guarantors' willingness to enter into this
Guaranty Agreement and to make the funds to be provided by the
Additional Loan available to AmerAlia, AmerAlia agrees as follows:
(1) AmerAlia will continue to reduce its corporate, general, and
administrative expenses (including, without limitation, salary
expenses) to the maximum extent possible;
(2) AmerAlia hereby grants the Guarantors as collateral for the
repayment of the Aggregate Loan and the Guarantors's liability
under this Guaranty, AmerAlia's entire interest in Natural
Soda, Inc., a recently-formed Colorado corporation to acquire
AmerAlia's entire interest in the Rock School Project and the
federal lease associated therewith.
(3) AmerAlia will use its best efforts to obtain necessary
financing or a strategic alliance for the development of the
Rock School Project or the acquisition of the White River
279866
|
IMC Global
As referenced in this Additional Guaranty Agreement:
IMC Global – for working capital expenditures for AmerAlia
(including the payment of payables) necessary in connection
with AmerAlia's continuing operations and its negotiations
with IMC Global for the purchase of the White River assets,
Centre Solutions for the debt necessary in connection with
such purchase (or construction of the
_____________
dt 203791
;
AmerAlia
As referenced in this Additional Guaranty Agreement:
AmerAlia, Inc – PAGE}
EXHIBIT 2
ADDITIONAL GUARANTY AGREEMENT
This agreement is made and entered into as of 29th day of March, 2002,
by and between AmerAlia, Inc ., a Utah corporation whose address is 818
Taughenbaugh Blvd., Rifle, Colorado 81650 ("AmerAlia") and the individuals who
execute this agreement below (the "
_____________
AmerAlia, Inc – of AmerAlia
to the extent not previously paid, and to provide for
extension of the repayment date for the other indebtedness;
Guaranty Agreement - AmerAlia, Inc . Page 1
{PAGE}
(2) to provide for working capital expenditures for AmerAlia
(including the payment of payables) necessary in connection
with AmerAlia'
_____________
AmerAlia
(inc – of the repayment date for the other indebtedness;
Guaranty Agreement - AmerAlia, Inc. Page 1
{PAGE}
(2) to provide for working capital expenditures for AmerAlia
(inc luding the payment of payables) necessary in connection
with AmerAlia's continuing operations and its negotiations
with IMC Global for the purchase of
_____________
AmerAlia, Inc – Limited Liability Company ("White River") or (ii)
the construction of a plant of its own on its Rock School
lease, or
Guaranty Agreement - AmerAlia, Inc . Page 2
{PAGE}
B. AmerAlia has made a determination to pursue other arrangements
not involving either those set forth in clause (1)(
_____________
AmerAlia, Inc – some reason, not in compliance with subjective criteria
which is not specified in the rules applicable to the Nasdaq
SmallCap Market.
Guaranty Agreement - AmerAlia, Inc . Page 3
{PAGE}
(4) The Guarantors understand that the securities being acquired
hereby are and will continue to be restricted securities
within
_____________
dt 202174
;
|
 Nasdaq Stock Market Inc.
As referenced in this Additional Guaranty Agreement:
Nasdaq Stock Market, Inc – per share, subject to the
following readjustment.
To the extent the average closing price of AmerAlia's common stock as
reported by The Nasdaq Stock Market, Inc . SmallCap Market (or the OTC
Bulletin Board or other quotation medium selected by AmerAlia if
AmerAlia's common stock is not, at
_____________
dt 232675
|
Preview
Full Doc
| 2003 |
Agreement
Agreement (39K)
Doc #176238: Click preview link for longer preview.
AGREEMENT
This Agreement (this "Agreement"), dated as of December 19, 2003, is between IMC Global Inc., a Delaware corporation ("Parent"), and Keystone, Inc., a Texas corporation, Alpine Capital, L.P., a Texas limited partnership, and The Anne T. and Robert M. Bass Foundation, a Texas non-profit corporation (each a "Selling Unitholder" and collectively, "Selling Unitholders").
WHEREAS, Selling Unitholders are the beneficial owners of an aggregate of 30,732,100 units representing limited partner interests (each, a "Partnership Unit" and collectively, the "Partnership Units") of Phosphate Resource Partners Limited Partnership, a Delaware limited partnership (the "Partnership"); and
WHEREAS, Parent intends to propose to the Partnership a transaction pursuant to which an affiliate of Parent would be merged with the Partnership (such transaction, or another transaction, in each case whereby the Selling Unitholders would receive the Merger Consideration Amount contemplated hereby) (the "Transaction") pursuant to an agreement (the "Transaction Agreement") and each Partnership Unit would be converted into a right to receive consideration in the merger of not less than 0.2 of a share of common stock, par value $1.00 per share, of Parent ("Parent Shares").
NOW, THEREFORE, in consideration of the foregoing premises and the representations, warranties, covenants and agreements set forth herein, the parties hereto agree as follows:
Section 1. Right.
- (a)
- Each Selling Unitholder hereby grants to Parent during the term of this Agreement an irrevocable right (the "Right") to purchase all (but not less than all) Partnership Units owned beneficially by each Selling Unitholder (the "Owned Units") for the Merger Consideration Amount (as hereinafter defined) for each of its Owned Units as set forth on Annex A. The "Merger Consideration Amount" per Partnership Unit shall be equal to the greater of (i) 0.2 Parent Shares or (ii) the number of Parent Shares to be issued in exchange for each Partnership Unit in connection with the consummation of the Transaction as provided in the Transaction Agreement, subject to anti-dilution adjustments provided in the Transaction Agreement.
- (b)
- Parent may exercise the Right, in whole and not in part, at any time after the date hereof and prior to the termination of this Agreement pursuant to Section 10. The Right may only be exercised substantially contemporaneously with the consummation of the Transaction and shall be effected in a manner such that the issuance of Parent Shares as contemplated by Section 1(a) would be included in the registration statement associated with the Transaction so that upon receipt by the Selling Unitholder the Parent Shares will be freely tradable.
- (c)
- If Parent desires to exercise the Right, it shall do so by giving each Selling Unitholder written notice to such effect, specifying the place and the closing date not earlier than one business day nor later than ten (10) business days from the date of such notice. At any closing under the Right, Parent shall issue to each Selling Unitholder the Parent Shares (which shall be in uncertificated book-entry form) to be issued to Selling Unitholder, registered in the name of Selling Unitholder or its designee, and each Selling Unitholder shall deliver to Parent (or to Parent's affiliated designee) its Owned Units (which shall be in uncertificated book-entry form), endorsed in the name of Parent or its designee.
- (d)
- Each Selling Unitholder agrees that following the exercise of the Right, during the period from the date of exercise of the Right to the date which is 90 days thereafter, it shall not, and
3
it shall cause its affiliates not to, directly or indirectly, offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any Parent Shares or any options or warrants to purchase Parent Shares, whether now owned or thereinafter acquired, without the prior written permission of Parent, except that Alpine Capital, L.P. may continue to pledge the Parent Shares under existing margin account agreements governing the Partnership Units (the "Alpine Pledge") and the lenders a party thereto may exercise their rights thereunder.
- (e)
- If, prior to exercising the Right, Parent (i) declares a stock dividend or other distribution payable in Parent Shares or securities convertible or exchangeable into Parent Shares or (ii) effects a stock split (including a reverse stock split), reclassification, combination or other similar change with respect to Parent Shares or any other transaction for which anti-dilution adjustments are typically made, then the Merger Consideration Amount shall be equitably adjusted, in the reasonable judgment of the board of directors of Parent, to eliminate the dilutive effects of that stock dividend, distribution, stock split, reclassification, combination or other change.
Section 2. Non-Completion Fee. Subject to Section 10(b) hereof, upon the earliest to occur of (i) March 25, 2004, if the Transaction Agreement has not been executed and delivered on or before such date, (ii) June 25, 2004, if a definitive proxy statement / prospectus, tender offer or other applicable disclosure document relating to the Transaction (the "Transaction Disclosure Document") has not been mailed to the unitholders of the Partnership, (iii) termination of the Transaction Agreement or (iv) September 30, 2004, (such earliest date, the "Non-Completion Fee Date"), Parent shall promptly (but in no event later than five (5) business days thereafter), elect, in its sole discretion, either (a) to pay to the Selling Unitholders an aggregate sum of $500,000 in cash, if permissible under applicable law and Parent's credit agreements, or (b) to purchase from the Selling Unitholders such number of Partnership Units having an aggregate market value on the Non-Completion Fee Date of $100.00, in exchange for the issuance by Parent to the Selling Unitholders of the greater of (x) 61,300 Parent Shares or (y) such number of Parent Shares equal to $600,100, determined by dividing $600,100 by the Volume Weighted Average Price per Parent Share for the five trading days ending on and including the trading day prior to the Non-Completion Fee Date, which Parent Shares shall be allocated among the Selling Unitholders pro rata (and rounded to the nearest whole number of Parent Shares) based on each Selling Unitholder's Owned Units, and in connection with any such issuance such Selling Unitholders agree to execute customary private placement representation letters at such time (the cash payment and the issuance of Parent Shares referred to in clauses (a) and (b) are herein referred to as the "Non-Completion Fee").
Section 3. Proxy. Each Selling Unitholder hereby irrevocably grants to and appoints Parent and any of its designees, and each of them individually, as Selling Unitholder's proxy and attorney-in-fact (with full power of substitution) for and in the name, place and stead of Selling Unitholder, to vote the Owned Units or execute one or more written consents or approvals in respect of the Owned Units:
- (a)
- in favor of adoption of the Transaction and approval of the terms thereof and any transactions contemplated thereby;
- (b)
- against any action or agreement that is or would be reasonably likely to result in a breach in any material respect of Parent's or Partnership's obligations under the Transaction Agreement; and
- (c)
- against any other action or agreement that is intended, or would reasonably be expected, to impede, interfere with, delay or postpone the Transaction or the transactions contemplated thereby or change in any manner the voting rights of the Partnership Units.
176238
|
IMC Global
As referenced in this Agreement:
IMC Global – 99.2
AGREEMENT
This Agreement (this "Agreement"), dated as of December 19, 2003, is between IMC Global Inc., a Delaware corporation ("Parent"), and Keystone, Inc., a Texas corporation, Alpine Capital, L.P.,
IMC GLOBAL – this Agreement to be duly executed and delivered as of the date first written above.
IMC GLOBAL INC.
By:
/s/ J. REID PORTER
Name: J. Reid Porter
Title: Title: Executive Vice President,
dt 57895
;
Keystone, Inc.;
| Alpine Capital, L.P.;
Anne T. and Robert M. Bass Foundation
|
Preview
Full Doc
| 2003 |
Agreement
Agreement (42K)
Doc #382919: Click preview link for longer preview.
AGREEMENT
---------
This Agreement (this "Agreement"), dated as of December 19, 2003, is
between IMC Global Inc., a Delaware corporation ("Parent"), and Keystone, Inc.,
a Texas corporation, Alpine Capital, L.P., a Texas limited partnership, and The
Anne T. and Robert M. Bass Foundation, a Texas non-profit corporation (each a
"Selling Unitholder" and collectively, "Selling Unitholders").
WHEREAS, Selling Unitholders are the beneficial owners of an aggregate
of 30,732,100 units representing limited partner interests (each, a "Partnership
Unit" and collectively, the "Partnership Units") of Phosphate Resource Partners
Limited Partnership, a Delaware limited partnership (the "Partnership"); and
WHEREAS, Parent intends to propose to the Partnership a transaction
pursuant to which an affiliate of Parent would be merged with the Partnership
(such transaction, or another transaction, in each case whereby the Selling
Unitholders would receive the Merger Consideration Amount contemplated hereby)
(the "Transaction") pursuant to an agreement (the "Transaction Agreement") and
each Partnership Unit would be converted into a right to receive consideration
in the merger of not less than 0.2 of a share of common stock, par value $1.00
per share, of Parent ("Parent Shares").
NOW, THEREFORE, in consideration of the foregoing premises and the
representations, warranties, covenants and agreements set forth herein, the
parties hereto agree as follows:
SECTION 1. RIGHT.
(a) Each Selling Unitholder hereby grants to Parent
during the term of this Agreement an irrevocable right (the "Right") to purchase
all (but not less than all) Partnership Units owned beneficially by each Selling
Unitholder (the "Owned Units") for the Merger Consideration Amount (as
hereinafter defined) for each of its Owned Units as set forth on Annex A. The
"Merger Consideration Amount" per Partnership Unit shall be equal to the greater
of (i) 0.2 Parent Shares or (ii) the number of Parent Shares to be issued in
exchange for each Partnership Unit in connection with the consummation of the
Transaction as provided in the Transaction Agreement, subject to anti-dilution
adjustments provided in the Transaction Agreement.
(b) Parent may exercise the Right, in whole and not in
part, at any time after the date hereof and prior to the termination of this
Agreement pursuant to Section 10. The Right may only be exercised substantially
contemporaneously with the consummation of the Transaction and shall be effected
in a manner such that the issuance of Parent Shares as contemplated by Section
1(a) would be included in the registration statement associated with the
Transaction so that upon receipt by the Selling Unitholder the Parent Shares
will be freely tradable.
(c) If Parent desires to exercise the Right, it shall do
so by giving each Selling Unitholder written notice to such effect, specifying
the place and the closing date not earlier than one business day nor later than
ten (10) business days from the date of such notice. At any closing under the
Right, Parent shall issue to each Selling Unitholder the Parent Shares (which
{PAGE}
shall be in uncertificated book-entry form) to be issued to Selling Unitholder,
registered in the name of Selling Unitholder or its designee, and each Selling
Unitholder shall deliver to Parent (or to Parent's affiliated designee) its
Owned Units (which shall be in uncertificated book-entry form), endorsed in the
name of Parent or its designee.
(d) Each Selling Unitholder agrees that following the
exercise of the Right, during the period from the date of exercise of the Right
to the date which is 90 days thereafter, it shall not, and it shall cause its
affiliates not to, directly or indirectly, offer, sell, contract to sell,
pledge, grant any option to purchase, make any short sale or otherwise dispose
of any Parent Shares or any options or warrants to purchase Parent Shares,
whether now owned or thereinafter acquired, without the prior written permission
of Parent, except that Alpine Capital, L.P. may continue to pledge the Parent
Shares under existing margin account agreements governing the Partnership Units
(the "Alpine Pledge") and the lenders a party thereto may exercise their rights
thereunder.
(e) If, prior to exercising the Right, Parent (i)
declares a stock dividend or other distribution payable in Parent Shares or
securities convertible or exchangeable into Parent Shares or (ii) effects a
stock split (including a reverse stock split), reclassification, combination or
other similar change with respect to Parent Shares or any other transaction for
which anti-dilution adjustments are typically made, then the Merger
Consideration Amount shall be equitably adjusted, in the reasonable judgment of
the board of directors of Parent, to eliminate the dilutive effects of that
stock dividend, distribution, stock split, reclassification, combination or
other change.
SECTION 2. NON-COMPLETION FEE. Subject to Section 10(b) hereof, upon the
earliest to occur of (i) March 25, 2004, if the Transaction Agreement has not
been executed and delivered on or before such date, (ii) June 25, 2004, if a
definitive proxy statement / prospectus, tender offer or other applicable
disclosure document relating to the Transaction (the "Transaction Disclosure
Document") has not been mailed to the unitholders of the Partnership, (iii)
termination of the Transaction Agreement or (iv) September 30, 2004, (such
earliest date, the "Non-Completion Fee Date"), Parent shall promptly (but in no
event later than five (5) business days thereafter), elect, in its sole
discretion, either (a) to pay to the Selling Unitholders an aggregate sum of
$500,000 in cash, if permissible under applicable law and Parent's credit
agreements, or (b) to purchase from the Selling Unitholders such number of
Partnership Units having an aggregate market value on the Non-Completion Fee
Date of $100.00, in exchange for the issuance by Parent to the Selling
Unitholders of the greater of (x) 61,300 Parent Shares or (y) such number of
Parent Shares equal to $600,100, determined by dividing $600,100 by the Volume
Weighted Average Price per Parent Share for the five trading days ending on and
including the trading day prior to the Non-Completion Fee Date, which Parent
Shares shall be allocated among the Selling Unitholders pro rata (and rounded to
the nearest whole number of Parent Shares) based on each Selling Unitholder's
Owned Units, and in connection with any such issuance such Selling Unitholders
agree to execute customary private placement representation letters at such time
(the cash payment and the issuance of Parent Shares referred to in clauses (a)
and (b) are herein referred to as the "Non-Completion Fee").
SECTION 3. PROXY. Each Selling Unitholder hereby irrevocably grants to
and appoints Parent and any of its designees, and each of them individually, as
Selling Unitholder's proxy and attorney-in-fact (with full power of
substitution) for and in the name, place and stead of Selling
2
{PAGE}
Unitholder, to vote the Owned Units or execute one or more written consents or
approvals in respect of the Owned Units:
(a) in favor of adoption of the Transaction and approval
of the terms thereof and any transactions contemplated thereby;
382919
|
IMC Global
As referenced in this Agreement:
IMC Global – TYPE}EX-99
{SEQUENCE}5
{FILENAME}ex992_sc13da22-phosphate.txt
{DESCRIPTION}EXHIBIT 99.2
{TEXT}
EXHIBIT 99.2
------------
AGREEMENT
---------
This Agreement (this "Agreement"), dated as of December 19, 2003, is
between IMC Global Inc., a Delaware corporation ("Parent"), and Keystone, Inc.,
a Texas corporation, Alpine Capital, L.P., a Texas limited partnership, and The
Anne T. and Robert M. Bass Foundation, a Texas
_____________
IMC GLOBAL – BLANK.]
7
{PAGE}
IN WITNESS WHEREOF, Parent and each of the Selling Unitholders have
caused this Agreement to be duly executed and delivered as of the date first
written above.
IMC GLOBAL INC.
By: /s/ J. Reid Porter
---------------------------------------
Name: J. Reid Porter
Title: Executive Vice President,
Chief Financial Officer
KEYSTONE, INC.
By: /s/ Stratton R. Heath III
---------------------------------------
Name: Stratton R. Heath III
_____________
dt 1394609
;
| |
Preview
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| 2003 |
Agreement and Plan of Merger
Agreement and Plan of Merger (425K)
Doc #113063: Click preview link for longer preview.
================================================================================
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
{Page}
TABLE OF CONTENTS
{Table}
{Caption}
Page
----
{S} {C}
ARTICLE I DEFINITION OF TERMS
Section 1.1 Certain Definitions......................................................................... 1
Section 1.2 Other Terms................................................................................. 22
Section 1.3 Other Definitional Provisions............................................................... 22
ARTICLE II PRELIMINARY TRANSFERS, THE MERGER; CONVERSION OF SHARES
Section 2.1 Preliminary Transfers....................................................................... 23
Section 2.2 Sale and Purchase........................................................................... 24
Section 2.3 The Merger.................................................................................. 24
Section 2.4 Effective Time.............................................................................. 24
Section 2.5 Closing..................................................................................... 25
Section 2.6 Certificate of Incorporation: By-laws....................................................... 25
Section 2.7 Directors and Officers of the Surviving Corporation and Certain Subsidiaries................ 25
Section 2.8 Conversion of Capital Stock................................................................. 25
Section 2.9 Distribution of Merger Consideration; Payment of Estimated Closing Date
Contribution Amount......................................................................... 27
Section 2.10 Contribution; Adjustment Procedure.......................................................... 28
Section 2.11 Binding Commitment.......................................................................... 32
Section 2.12 Canadian Holdback........................................................................... 32
ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER
Section 3.1 Organization of Seller and the Company; Authority........................................... 32
Section 3.2 Organization of Acquired Companies; Authority............................................... 32
Section 3.3 Authorization; Binding Effect............................................................... 33
Section 3.4 Capitalization; Title to Shares............................................................. 34
Section 3.5 Non-Contravention........................................................................... 34
Section 3.6 Consents and Approvals...................................................................... 35
Section 3.7 Financial Information....................................................................... 35
Section 3.8 Absence of Undisclosed Liabilities.......................................................... 36
Section 3.9 Absence of Certain Changes or Events........................................................ 36
Section 3.10 Title to Properties; Sufficiency of Assets.................................................. 37
Section 3.11 Mines....................................................................................... 38
Section 3.12 Intellectual Property....................................................................... 40
Section 3.13 Litigation; Proceedings..................................................................... 40
Section 3.14 Compliance with Laws........................................................................ 41
Section 3.15 Environmental Matters....................................................................... 42
Section 3.16 Contracts and Commitments................................................................... 44
Section 3.17 Taxes....................................................................................... 46
Section 3.18 Employee Benefit Plans...................................................................... 50
{/Table}
{Page}
{Table}
{S} {C}
Section 3.19 Employees................................................................................... 53
Section 3.20 Insurance................................................................................... 55
Section 3.21 Affiliate Transactions...................................................................... 55
Section 3.22 Accounts Receivable......................................................................... 55
Section 3.23 Inventory................................................................................... 55
Section 3.24 Investment Representations.................................................................. 56
Section 3.25 Brokers, Finder's Fees...................................................................... 56
Section 3.26 State Takeover Statutes..................................................................... 56
Section 3.27 WTO Investor; ICA Filing.................................................................... 57
Section 3.28 Business of the Company..................................................................... 57
Section 3.29 Corporate Existence......................................................................... 57
Section 3.30 No Liabilities of the Company............................................................... 57
Section 3.31 No Other Representations or Warranties...................................................... 57
Section 3.32 Disclosure.................................................................................. 57
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PURCHASER
Section 4.1 Organization and Qualification; Authority................................................... 58
Section 4.2 Authority of Purchaser; Binding Effect...................................................... 58
Section 4.3 Non-Contravention........................................................................... 58
Section 4.4 Consents and Approvals...................................................................... 59
Section 4.5 Financial Capability........................................................................ 59
Section 4.6 Securities; Capitalization of Merger Sub.................................................... 59
Section 4.7 Litigation; Proceedings..................................................................... 60
Section 4.8 Compliance with Laws........................................................................ 60
Section 4.9 Business of Merger Sub and Purchaser........................................................ 60
Section 4.10 No Liabilities of Merger Sub................................................................ 61
Section 4.11 Brokers, Finders Fees....................................................................... 61
Section 4.12 Investment Representations.................................................................. 61
Section 4.13 Purchaser Intention......................................................................... 62
Section 4.14 Corporate Existence......................................................................... 62
Section 4.15 No Other Representations or Warranties...................................................... 62
Section 4.16 Disclosure.................................................................................. 62
ARTICLE V COVENANTS
Section 5.1 Access...................................................................................... 62
Section 5.2 Affirmative Covenants for the Conduct of Business........................................... 63
Section 5.3 Negative Covenants for the Conduct of Business.............................................. 64
Section 5.4 Commercially Reasonable Efforts............................................................. 66
Section 5.5 Employee Matters............................................................................ 67
Section 5.6 Insurance Matters........................................................................... 72
Section 5.7 Intercompany Accounts....................................................................... 72
Section 5.8 Financial Information....................................................................... 72
Section 5.9 Announcement................................................................................ 73
Section 5.10 Notification by Purchaser................................................................... 73
Section 5.11 Further Assurances.......................................................................... 74
{/Table}
2
{Page}
{Table}
{S} {C}
Section 5.12 Post-Closing Cooperation................................................................... 74
Section 5.13 Certain Transactions....................................................................... 75
Section 5.14 Release of Certain Liens................................................................... 75
Section 5.15 Exclusivity................................................................................ 75
Section 5.16 Non-Competition, Non-Solicitation and Confidentiality...................................... 76
Section 5.17 Change of Corporate Name................................................................... 80
Section 5.18 Seller's Trademarks........................................................................ 81
Section 5.19 Ancillary Agreements....................................................................... 82
Section 5.20 Bank Consent............................................................................... 82
Section 5.21 Goderich Mine Lease........................................................................ 82
ARTICLE VI CERTAIN TAX MATTERS
Section 6.1 Transfer Taxes............................................................................. 83
Section 6.2 Termination of Tax Sharing Agreement....................................................... 83
Section 6.3 Liability for Taxes and Indemnity.......................................................... 83
Section 6.4 Tax Returns................................................................................ 87
Section 6.5 Refunds, Credits, Adjustments and Allocations of Tax Attributes............................ 88
Section 6.6 Mutual Cooperation......................................................................... 90
Section 6.7 Contests................................................................................... 91
Section 6.8 Resolution of Disagreements................................................................ 91
Section 6.9 Payments................................................................................... 92
Section 6.10 Purchase Price and Contribution Adjustments................................................ 92
Section 6.11 Amendment of Tax Returns................................................................... 92
Section 6.12 Certain Taxes.............................................................................. 92
ARTICLE VII CONDITIONS TO CLOSING
Section 7.1 Conditions to the Obligations of Purchaser and Seller...................................... 93
Section 7.2 Conditions to the Obligations of Purchaser................................................. 94
Section 7.3 Conditions to the Obligations of Seller.................................................... 95
ARTICLE VIII SURVIVAL AND INDEMNIFICATION
Section 8.1 Survival................................................................................... 96
Section 8.2 Indemnification by Purchaser............................................................... 96
Section 8.3 Indemnification by Seller.................................................................. 97
Section 8.4 Limitations on Indemnity................................................................... 98
Section 8.5 Indemnification Procedures................................................................. 99
Section 8.6 Computation of Losses Subject to Indemnification........................................... 101
Section 8.7 Certain Other Matters...................................................................... 102
ARTICLE IX TERMINATION
Section 9.1 Termination............................................................................... 102
Section 9.2 Effect of Termination..................................................................... 103
{/Table}
3
{Page}
{Table}
{S} {C}
ARTICLE X MISCELLANEOUS
Section 10.1 Notices.................................................................................... 104
Section 10.2 Amendment; Waiver.......................................................................... 105
Section 10.3 Assignment................................................................................. 105
Section 10.4 Entire Agreement........................................................................... 105
Section 10.5 Parties in Interest........................................................................ 105
Section 10.6 Expenses................................................................................... 106
Section 10.7 Invalid Provisions......................................................................... 106
Section 10.8 GOVERNING LAW.............................................................................. 106
Section 10.9 Severability............................................................................... 107
Section 10.10 Counterparts............................................................................... 107
Section 10.11 Interpretation............................................................................. 107
{/Table}
4
{Page}
Index of Defined Terms
{Table}
{Caption}
Page
----
{S} {C}
Accrued Liability .............................................................. 2, 77
Accrued Liability Determination Date ........................................... 2, 77
Acquired Ancillary Salt Business ............................................... 2, 85
Acquired Companies ............................................................. 2
Acquisition Proposal ........................................................... 3, 83
Actions ........................................................................ 3, 45
Actual Retention Bonuses ....................................................... 3, 34
Actual Sales Bonuses ........................................................... 3, 34
Actual U.K. Funding Amount ..................................................... 3
Additional Acquired Assets ..................................................... 3
Adjustment Demand .............................................................. 3, 93
Affiliate ...................................................................... 3
Affiliated Group ............................................................... 3
Agreement ...................................................................... 2, 4
Apollo ......................................................................... 4
Appraiser ...................................................................... 4, 103
Arbitrator ..................................................................... 4, 78
Attribute Adjustment Payment ................................................... 4, 92
Audited Financial Statements ................................................... 4, 40
Auditor ........................................................................ 4, 35
Bank Commitment Letter ......................................................... 4
Belle Plaine Contract .......................................................... 4, 84
Bridge Commitment Letter ....................................................... 4
Bridge Financing Fee ........................................................... 4, 114
Business Day ................................................................... 4
Business Intellectual Property ................................................. 4
Canadian Plan .................................................................. 4, 56
Canadian Target Tax Amount ..................................................... 4
Capital Expenditure Budget ..................................................... 5
Capital Stock .................................................................. 5
Cash Merger Consideration ...................................................... 5
CERCLA ......................................................................... 5
Certificate of Merger .......................................................... 5, 28
Changes ........................................................................ 5, 96
Claim .......................................................................... 5, 108
Claim Notice ................................................................... 5, 108
Clean Policies ................................................................. 5, 82
Closing ........................................................................ 5, 29
Closing Balance Sheet .......................................................... 5, 33
Closing Date ................................................................... 6, 29
Closing Indebtedness ........................................................... 6, 34
Closing Net Working Capital Amount ............................................. 6, 33
COBRA .......................................................................... 6
Code ........................................................................... 6
Commissioner ................................................................... 6
Commitment Letters ............................................................. 6, 65
Common Stock Certificate ....................................................... 6, 31
Company ........................................................................ 2, 6
Company Common Stock ........................................................... 6
Company Contribution Adjustment ................................................ 6, 36
Company Financial Statements ................................................... 6, 40
Company Material Adverse Effect ................................................ 6, 102
{/Table}
{Page}
{Table}
{S} {C}
Company Preferred Stock ........................................................ 6
Competition Act ................................................................ 7
Confidential Information ....................................................... 7, 86
Confidentiality Agreement ...................................................... 7
Contribution ................................................................... 7, 27
Controlled Group ............................................................... 7, 56
Copyrights ..................................................................... 7
Covered Affiliated Group ....................................................... 7
Determination Date ............................................................. 7, 35
DGCL ........................................................................... 2, 7
EBITDA ......................................................................... 7
Effective Time ................................................................. 7, 29
Employee Trust ................................................................. 7
Employee Trust Common Stock .................................................... 8
Employee Trust Company Stock ................................................... 8
Employee Trust Preferred Stock ................................................. 8
Employee(s) .................................................................... 7
Encumbrance Releases ........................................................... 8, 82
Environmental Law .............................................................. 8, 49
Equity Rights .................................................................. 8
ERISA .......................................................................... 8
ERISA Affiliate ................................................................ 8
Escrow Agent ................................................................... 8
Escrow Agreement ............................................................... 8
Esterhazy Loan ................................................................. 8
Estimated Closing Date Company Contribution Adjustment ......................... 8
Estimated Closing Date Contribution Adjustment ................................. 9
Estimated Closing Date Seller Contribution Adjustment .......................... 9
Estimated Closing Indebtedness ................................................. 9, 33
Estimated Closing Net Working Capital Amount ................................... 9, 33
Estimated Interim Period Adjustment Amount ..................................... 9
Estimated Retention Bonuses .................................................... 9, 33
Estimated Sales Bonuses ........................................................ 9, 33
Estimated U.K. Funding Amount .................................................. 9, 33
European Competition Laws ...................................................... 9, 46
Excluded Assets ................................................................ 9
Excluded Liabilities ........................................................... 9
Excluded Subsidiaries .......................................................... 10
Existing Inventory ............................................................. 10, 88
Expired Leases ................................................................. 10, 90
Extended Termination Date ...................................................... 10, 111
Financing ...................................................................... 10, 65
Financing Documents ............................................................ 10, 66
Foreign Acquired Company ....................................................... 10
Foreign Title Assurances ....................................................... 10, 70
GAAP ........................................................................... 10
Governmental Authority ......................................................... 10
Governmental Order ............................................................. 10
GSL ............................................................................ 11
Hazardous Materials ............................................................ 11
Health and Safety Laws ......................................................... 11, 47
HSR Act ........................................................................ 11
ICA ............................................................................ 11
Identified Expenses ............................................................ 11, 107
IMC Savings Plan ............................................................... 11, 75
Improvements ................................................................... 11, 43
{/Table}
2
{Page}
{Table}
{S} {C}
Included Subsidiaries .......................................................... 11
Income Tax ..................................................................... 11
Income Tax Returns ............................................................. 11
Income Taxes ................................................................... 11
Indebtedness ................................................................... 11
Indemnifying Party ............................................................. 12, 108
Initial Termination Date ....................................................... 12, 111
Inorganics ..................................................................... 12
Insurance Policies ............................................................. 12, 60
Intellectual Property .......................................................... 12
Interim Period ................................................................. 12
Interim Period Adjustment Amount ............................................... 12
Interim Period Capital Expenditures ............................................ 12
Interim Period EBITDA .......................................................... 12
Interim Period Interest Adjustment Amount ...................................... 12
Interim Period Taxes ........................................................... 12
Knowledge of Purchaser ......................................................... 13
Knowledge of Seller ............................................................ 13
Laguna Grande .................................................................. 13, 84
Laguna Grande Contract ......................................................... 13, 84
Latest Balance Sheet ........................................................... 13
Law(s) ......................................................................... 13
Leased Real Property ........................................................... 13
Leases ......................................................................... 13
Letter Agreement ............................................................... 13
Liens .......................................................................... 14
Losses ......................................................................... 14, 105
Management Agreements .......................................................... 14, 74
Management Rollover Amount ..................................................... 14
Management Rollover Common Amount .............................................. 14
Management Rollover Common Share Number ........................................ 14
Management Rollover Preferred Amount ........................................... 14
Management Rollover Preferred Share Number ..................................... 14
Merger ......................................................................... 2, 14
Merger Consideration ........................................................... 14, 31
Merger Sub ..................................................................... 2, 14
Mine ........................................................................... 14
Mines .......................................................................... 14
Minister ....................................................................... 14
Multiemployer Plan ............................................................. 15, 56
Net Interim Period Adjustment Amount ........................................... 15
Net Working Capital Amount ..................................................... 15
New Mexico Salt Contract ....................................................... 15
Non-Compete Period ............................................................. 15, 83
Non-Purchased Common Stock ..................................................... 15, 30
Notice Period .................................................................. 15, 108
Objection Notice ............................................................... 16, 93
Offering Materials ............................................................. 16, 79
Offerings ...................................................................... 16, 79
Offset Period .................................................................. 16
Offset Period Start Date ....................................................... 16
OHSA ........................................................................... 60
Orders ......................................................................... 16
Ordinary Course of Business .................................................... 16, 70
OSHA ........................................................................... 16
Other Existing Leases .......................................................... 16, 90
{/Table}
3
{Page}
{Table}
{S} {C}
Other Minerals ................................................................. 16
Other Plan Participant ......................................................... 16, 77
Overland Transition Agreement .................................................. 16
Owned Real Property ............................................................ 16
Paid Canadian Tax Amount ....................................................... 16
Patents ........................................................................ 17
PBGC ........................................................................... 17, 57
Permits ........................................................................ 17
Permitted Competitive Activities ............................................... 17, 84
Permitted Encumbrances ......................................................... 17
Permitted Liens ................................................................ 17
Person ......................................................................... 18
Plaintiff ...................................................................... 18, 106
Plan Employee .................................................................. 18, 75
Plans .......................................................................... 18, 56
Post-Closing Period ............................................................ 18, 92
Pre-Closing Period ............................................................. 18, 92
Preferred Stock Certificate .................................................... 18, 31
Preliminary Transfer Documents ................................................. 18, 102
Preliminary Transfers .......................................................... 18, 27
Present Value .................................................................. 18, 94
Pro Forma Basis ................................................................ 18
PSO ............................................................................ 19
Purchase Consideration ......................................................... 19
Purchased Common Stock ......................................................... 19
Purchased Company Stock ........................................................ 20
Purchased Preferred Stock ...................................................... 20
Purchaser ...................................................................... 20
Purchaser Disclosure Letter .................................................... 20
Purchaser Indemnified Parties .................................................. 20, 105, 106
Purchaser Material Adverse Effect .............................................. 20, 103
Purchaser Pension Plan ......................................................... 20, 76
Purchaser Plans ................................................................ 20, 74
Purchaser's Knowledge .......................................................... 13
Push-back Days ................................................................. 20
Push-back Event ................................................................ 20
Rail Car Lease ................................................................. 21
Real Property .................................................................. 21
Recipient ...................................................................... 21, 98
Release ........................................................................ 21, 49
Renewed Lease .................................................................. 21, 90
Restated Certificate of Incorporation .......................................... 21
Retention Bonuses .............................................................. 21
Sales Bonuses .................................................................. 21
Sales Tax ...................................................................... 21
Salt ........................................................................... 21
Salt Account Plan .............................................................. 22, 75
Secretary of State ............................................................. 22, 28
Securities Act ................................................................. 22
Seller ......................................................................... 2, 22
Seller Confidential Information ................................................ 22, 87
Seller Contribution Adjustment ................................................. 22, 35
Seller Disclosure Letter ....................................................... 22
Seller Group ................................................................... 22
Seller Indemnified Parties ..................................................... 22, 105
Seller Pension Plan ............................................................ 22, 76
{/Table}
4
{Page}
{Table}
{S} {C}
Seller Retained Common Stock.................................................... 22, 32
Seller's Knowledge.............................................................. 13
Seller's Marks.................................................................. 22, 88
Senior Executive Plan........................................................... 22, 79
Shares.......................................................................... 22
Solvency Letter ................................................................ 22, 103
SOP ............................................................................ 22
SOP Agreement .................................................................. 22
Specified Manager .............................................................. 23
Specified Managers ............................................................. 102
Split Tax Period ............................................................... 23, 92
Stock Purchase ................................................................. 23
Stock Rights Agreement ......................................................... 23
Subsidiary ..................................................................... 23
Supply Agreements .............................................................. 23
Surviving Corporation .......................................................... 23, 28
Surviving Corporation Common Stock ............................................. 23
Surviving Corporation Notes .................................................... 23
Surviving Corporation Preferred Stock .......................................... 23
Target Net Working Capital ..................................................... 24
Tax ............................................................................ 24
Tax Attribute .................................................................. 24, 92
Tax Attribute Deficiency ....................................................... 24, 93
Tax Claim ...................................................................... 24, 98
Tax Rate ....................................................................... 24, 94
Tax Return ..................................................................... 24
Taxable Income ................................................................. 24
Taxes .......................................................................... 24
Third Party Consent ............................................................ 24
Title Commitments .............................................................. 25
Title Policies ................................................................. 25
Trademarks ..................................................................... 25
Transaction .................................................................... 25
Transaction Claims ............................................................. 25, 106
Transaction Documents .......................................................... 25
Transaction Expenses ........................................................... 25
Transferred Accounts ........................................................... 25, 75
Transition Services Agreement .................................................. 25
U.K. Acquired Company .......................................................... 25, 55
U.K. Loans ..................................................................... 26
U.K. Plan ...................................................................... 26, 56
U.K. Tax ....................................................................... 26
U.S. Plan ...................................................................... 26, 56
Unaudited Financial Statements ................................................. 26, 40
United Salt Contract ........................................................... 26
WARN ........................................................................... 26, 59, 75
WTO Investor ................................................................... 26
YPS ............................................................................ 49
{/Table}
5
{Page}
AGREEMENT AND PLAN OF MERGER, among IMC Global Inc., a Delaware
corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation
and an indirect, wholly owned subsidiary of Seller (the "Company"), on the one
hand, and on the other hand, YBR Holdings LLC, a Delaware limited liability
company ("Purchaser"), and YBR Acquisition Corp., a Delaware corporation, a
wholly-owned subsidiary of Purchaser ("Merger Sub"), dated as of October 13,
2001 (this "Agreement").
WHEREAS, the boards of directors of Seller, the Company,
Purchaser and Merger Sub have approved this Agreement and determined this
Agreement to be advisable and have approved the transactions contemplated
hereby, including the merger of Merger Sub with and into the Company (the
"Merger") in accordance with the terms of this Agreement and the General
Corporation Law of the State of Delaware (the "DGCL"); and
WHEREAS, the board of directors of the Company has approved the
form of amendment to the Company's restated certificate of incorporation giving
effect to the Restated Certificate of Incorporation (as defined herein) and
determined it to be advisable; and
NOW, THEREFORE, in consideration of the covenants and
undertakings contained herein, and on the terms and subject to the conditions
herein set forth, the parties hereto, intending to be legally bound, agree as
follows:
ARTICLE I
DEFINITION OF TERMS
Section 1.1 CERTAIN DEFINITIONS. As used in this Agreement, the
following terms shall have the meanings set forth or as referenced below:
"ACCRUED LIABILITY" shall have the meaning set forth in Section
5.5(h).
"ACCRUED LIABILITY DETERMINATION DATE" shall have the meaning set
forth in Section 5.5(h).
"ACQUIRED ANCILLARY SALT BUSINESS" shall have the meaning set
forth in Section 5.16(a)(v).
"ACQUIRED COMPANIES" shall mean (i) the Company and (ii) each of
the following entities (which shall be subsidiaries of the Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"ACQUISITION PROPOSAL" shall have the meaning set forth in
Section 5.15(a).
"ACTIONS" shall have the meaning set forth in Section 3.13(a).
"ACTUAL RETENTION BONUSES" shall have the meaning set forth in
Section 2.10(c).
{Page}
"ACTUAL SALES BONUSES" shall have the meaning set forth in
Section 2.10(c).
"ACTUAL U.K. FUNDING AMOUNT" shall mean the amount, if any, as
determined by the Salt Union Limited's actuary, that would be necessary to bring
the funding level of the U.K. Plan to a 90% level on a Minimum Funding
Requirement basis pursuant to Section 56 of the Pensions Act 1995 at Closing.
"ADDITIONAL ACQUIRED ASSETS" shall mean (i) the contracts solely
relating to, and copies of customer lists, other contracts, data bases, sales
records and books and records (or portions of such data bases, sales records and
books and records), in each case only to the extent used by Seller or its
Subsidiaries in connection with, the sales and marketing of SOP produced or sold
by the Acquired Companies or (to the extent of copies only) IMC USA, Inc. or its
affiliates (excluding such information with respect to the Royster, Scott and
Howards accounts); (ii) certain assets located at Seller's premises in
Hutchinson, Kansas, which assets are listed in Section 1.1(a) of the Purchaser
Disclosure Letter; (iii) the right to proceeds or benefits from insurance
policies of Seller or any of its subsidiaries covering Losses by any of the
Acquired Companies with respect to any event or condition that occurred or
existed prior to the date of this Agreement (other than those proceeds and
benefits described in clause (iv) of the definition of Excluded Assets); and
(iv) the right to proceeds or benefits from insurance policies of the Seller or
any of its Affiliates covering Losses by any of the Acquired Companies with
respect to any event or condition that occurred or came into existence between
the date of this Agreement and the Closing Date, net of any expenditures made by
the Seller or any of its subsidiaries to remedy such Loss after the date of this
Agreement, which benefits will not be removed from the appropriate Acquired
Company prior to the Closing Date, provided that no netting of expenditures will
be made to the extent that any such proceeds or benefits (that would have been
reimbursed to Seller or any of its Affiliates) are necessary to remedy such Loss
following the Closing Date.
"ADJUSTMENT DEMAND" shall have the meaning set forth in Section
6.3(f)(i).
"AFFILIATE" shall mean, with respect to any Person, any other
Person directly or indirectly controlling, controlled by, or under common
control with, such Person at any time during the period for which the
determination of affiliation is being made.
"AFFILIATED GROUP" shall mean an affiliated group as defined in
Code ss. 1504 (or any similar combined, consolidated or unitary group defined
under state, local or foreign Income Tax law).
"AGREEMENT" shall have the meaning ascribed to it in the preamble
hereto, as amended or supplemented from time to time in accordance with the
terms hereof.
"APOLLO" shall mean Apollo Management, L.P.
"APPRAISER" shall have the meaning set forth in Section 7.3(d).
"ARBITRATOR" shall have the meaning set forth in Section 5.5(h).
113063
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC GLOBAL – 1
{SEQUENCE}3
{Page}
Exhibit 2.1
EXECUTION COPY
================================================================================
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October
IMC Global – 75
WTO Investor ................................................................... 26
YPS ............................................................................ 49
{/Table}
5
{Page}
AGREEMENT AND PLAN OF MERGER, among IMC Global Inc., a Delaware
corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation
and an indirect,
IMC Global – IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct
IMC Global – NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.
IMC Global – Chemicals North America, Inc., The Hutchinson & Northern Railway Company,
IMC Chemicals
17
{Page}
Inc. and IMC Global Inc., providing for the sublease or assignment of leases by
Harris Chemicals North America, Inc.,
dt 21780
;
Chicago Title
As referenced in this Agreement and Plan of Merger:
Chicago Title
Insurance – Company.
"TITLE COMMITMENTS" shall mean a commitment for a 1999 ALTA
Owner's Title Insurance Policy or other form of policy issued by Chicago Title
Insurance Company for each parcel of Real Property, together with a copy of all
documents referenced therein.
"TITLE POLICIES" shall mean title insurance policies
_____________
Chicago
Title Insurance – for each parcel of Real Property, together with a copy of all
documents referenced therein.
"TITLE POLICIES" shall mean title insurance policies from Chicago
Title Insurance Company (which may be in the form of a mark-up of the pro forma
Title Commitments), insuring the appropriate Acquired Company's
_____________
Chicago Title Insurance – or, in
the event such Encumbrance Releases are not available on or prior to the Closing
Date, use its best efforts to cause Chicago Title Insurance Company or its agent
to insure over or omit such Liens from the Title Policies or Foreign Title
Assurance to be obtained by
_____________
Chicago Title
Insurance – Foreign Title
Assurance to be obtained by the Purchaser in connection with any Real Property
("Clean Policies"), (including providing an indemnity to the Chicago Title
Insurance Company, if so requested, regarding any payments that may be due under
the Liens set forth in Section 5.14 of the Seller
_____________
dt 157760
;
Citibank
As referenced in this Agreement and Plan of Merger:
Citibank, N.A. – shall mean the present
value, on the date on which such Attribute Adjustment Payment is due, calculated
by using the "base rate" of Citibank, N.A. then in effect as the discount rate
and calculated from the due date of the Income Tax Returns for the periods in
_____________
Citibank, N.A. – such portion shall
bear interest from the date of such payment, if earlier) until the date of
payment at the "base rate" of Citibank, N.A. or any successor thereto in New
York. All payments made pursuant to this Article VI shall be adjusted as
provided in Section
_____________
dt 145766
;
|
PRP
As referenced in this Agreement and Plan of Merger:
Phosphate Resource
Partners – the mining, production, processing, sale, barter,
trade, distribution, and marketing of Salt and SOP by Phosphate Resource
Partners Limited Partnership, IMC Phosphates Company and their respective
subsidiaries; provided that Seller Group shall not
Phosphate Resource Partners – that Seller Group shall not directly or indirectly supply
or sell Salt or SOP to Phosphate Resource Partners Limited Partnership, IMC
Phosphates Company or their respective subsidiaries, except that the Seller
Group may
Phosphate Resource Partners – to be increased by two percent on each twelve month anniversary of this
Agreement) to Phosphate Resource Partners Limited Partnership, IMC Phosphates
Company and their respective subsidiaries if such SOP is not resold
dt 27277
;
Bankers Trust
As referenced in this Agreement and Plan of Merger:
Bankers Trust – The Chase Manhattan Bank, J.P. Morgan Securities, Inc.
Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter
Bankers Trust – from Credit Suisse First Boston, The Chase Manhattan Bank,
J.P. Morgan Securities, Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter.
"
dt 44169
;
More... |
Preview
Full Doc
| 2004 |
Agreement and Plan of Merger
Agreement and Plan of Merger (57K)
Doc #226496: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
IMC GLOBAL INC.
(a Delaware corporation),
PRP-GP LLC
(a Delaware limited liability company),
FMRP INC.
(a Delaware corporation),
PHOSPHATE RESOURCE PARTNERS LIMITED PARTNERSHIP
(a Delaware limited partnership)
AND
PHOSPHATE ACQUISITION PARTNERS L.P.
(a Delaware limited partnership)
THIS AGREEMENT AND PLAN OF MERGER dated as of March 17, 2004 (this "Merger Agreement"), is entered into by and among IMC Global Inc., a Delaware corporation ("IMC"), PRP-GP LLC, a Delaware limited liability company ("PRP-GP"), FMRP Inc., a Delaware corporation ("FMRP"), Phosphate Resource Partners Limited Partnership, a Delaware limited partnership ("PLP"), and Phosphate Acquisition Partners L.P., a Delaware limited partnership ("Merger Sub").
RECITALS
A. IMC owns 100% of the limited liability company interests of PRP-GP and 100% of the stock of FMRP.
B. PRP-GP, the administrative managing general partner of PLP, owns a 51.58% general partner interest in PLP, and FMRP, the special general partner of PLP, owns a 0.02% general partner interest in PLP.
C. Merger Sub was recently formed in contemplation of the merger. PRP-GP, the administrative managing general partner of Merger Sub, owns a 1.0% limited partner interest and a 98.96125% general partner interest in Merger Sub, and FMRP, the special general partner of Merger Sub, owns a 0.03875% general partner interest in Merger Sub.
D. The board of directors of PRP-GP has determined that, upon the recommendation of the Special Committee (as hereinafter defined), it is in the best interest of PLP and its limited partners (other than those limited partners who are affiliates of IMC) that PLP merge with and into Merger Sub with Merger Sub being the surviving entity (the "Merger") and such board of directors has approved the Merger and this Merger Agreement.
E. The Merger and this Merger Agreement have heretofore been approved and authorized by all partners of Merger Sub pursuant to the partnership agreement of Merger Sub.
F. PRP-GP, as administrative managing general partner of PLP, has approved and adopted resolutions approving and adopting the Merger and this Merger Agreement in accordance with the Delaware Revised Uniform Limited Partnership Act ("DRULPA").
G. Consummation of the Merger requires the approval of the Merger and the Merger Agreement by the owners of more than 50 percent of the partnership interests in PLP (the "Unit Majority"). IMC and PRP-GP intend to solicit the vote of the outstanding partnership interests of PLP in order to obtain the Unit Majority. PRP-GP, as holder of 51.58% of the partnership interests in PLP, will vote all of such interests in favor of the Merger. FMRP, as holder of .02% of the partnership interests in PLP, will vote all of such interests in favor of the Merger. Thus, the Unit Majority will be obtained. Subject to certain limitations, upon consummation of the merger of PLP with and into Merger Sub, the limited partner interests of PLP held by limited partners (or their assignees) of PLP (other than IMC or its affiliates) (collectively, the "Unitholders") will be converted into the right to receive a number of shares of common stock, par value $1.00 per share, of IMC ("IMC Common Stock") as described in more detail in Section 1.2(a).
H. A special committee of the outside directors of the board of directors of PRP-GP (the "Special Committee"), consisting solely of persons who are independent with respect to the transactions contemplated hereby, was appointed and has determined with the assistance of its financial and legal advisors that this Merger Agreement and the transactions contemplated hereby, including the Merger and payment of the Merger Consideration (as defined below), is fair and reasonable to, and is in the best interest of, PLP and its Unitholders.
I. Pursuant to an agreement dated December 19, 2003 between IMC and Keystone, Inc., a Texas corporation, Alpine Capital, L.P., a Texas limited partnership, and the Anne T. and Robert M. Bass Foundation, a Texas non-profit corporation (together, the "Selling Unitholders"), the Selling Unitholders agreed to exchange all of their 30,732,100 limited partner interests in PLP in exchange for the Merger Consideration (as defined herein and therein) pursuant to this Merger Agreement.
AGREEMENTS
NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein, the parties hereto agree as follows:
ARTICLE I
THE MERGER
Section 1.1 Merger. At the Effective Time (as defined in Section 1.4), PLP shall merge with and into Merger Sub, the separate existence of PLP shall cease, and Merger Sub, as the surviving entity, shall continue to exist by virtue of and shall be governed by the laws of the State of Delaware.
Section 1.2 Merger Value for PLP Limited Partners; IMC Common Stock Offered.
(a) At the Effective Time, by virtue of the Merger and subject to Section 1.2(d), each PLP Unit outstanding immediately prior thereto will be converted into the right to receive 0.2 of a share of IMC Common Stock (the "Merger Consideration"). A Unitholder will receive the Merger Consideration upon the delivery by such Unitholder of a completed letter of transmittal (the "Letter of Transmittal") and the surrender of such Unitholder's certificates, depositary receipts ("Depositary Receipts"), or rights relating to any entry on the books of the transfer agent ("Book Entries"), all of which represent limited partner interests in PLP (each, a "PLP Unit"). The Letter of Transmittal will provide instructions as to how to surrender any PLP Units. IMC has entered into another merger agreement as of January 26, 2004, pursuant to which it will merge with and into another entity shortly after the Effective Time (the "Second Merger"). In such event, all holders of IMC Common Stock would be entitled to receive a new form of consideration in exchange for their IMC Common Stock (the "Second Merger Consideration"). Notwithstanding anything herein to the contrary, following the Merger, any Unitholder as of the Effective Time who has not yet received the Merger Consideration pursuant to the Merger prior to the effectiveness of the Second Merger shall have the right to receive, from and after the effectiveness of the Second Merger, the Second Merger Consideration (together with any cash payable pursuant to Section 1.2(d) hereof) as if such Unitholder had received, immediately prior to the effectiveness of the Second Merger, the number of whole shares of IMC Common Stock such holder would otherwise be entitled to receive as a consequence of the Merger.
226496
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC GLOBAL – htm EXHIBIT 2
Exhibit 2
Execution Copy
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
IMC GLOBAL INC.
(a Delaware corporation),
PRP-GP LLC
(a Delaware limited liability company),
FMRP INC.
(a
IMC Global – dated as of March 17, 2004 (this "Merger Agreement"), is entered into by and among IMC Global Inc., a Delaware corporation ("IMC"), PRP-GP LLC, a Delaware limited liability company ("PRP-GP"),
IMC, Global – and Plan of Merger and Contribution, dated as of January 26, 2004, by and among IMC, Global Nutrition Solution, Inc. GNS Acquisition Corp., Cargill, Incorporated and Cargill Fertilizer Inc., a copy of
IMC GLOBAL – the parties hereto has executed this Merger Agreement as of the date first written above.
IMC GLOBAL INC.
By:
Name:
Title:
PRP-GP LLC
By:
Name:
Title:
FMRP INC.
By:
Name:
Title:
IMC Global – schedule and exhibit that were omitted from the filing of this Exhibit 2.
Return to IMC Global Inc. Form 8-K
dt 57917
;
 McGuireWoods
As referenced in this Agreement and Plan of Merger:
McGuire Woods – Suite 300, Lake Forest, Illinois 60045, Attn.: Robert Pence, Corporate Secretary, with a copy to McGuire Woods LLP, 150 North Michigan Avenue, Suite 2500, Chicago, Illinois 60601, Attn: Larry Samuels, and (
dt 38283
;
| PRP-GP LLC;
FMRP Inc.;
Phosphate Acquisition Partners L.P.
|
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| 2002 |
Agreement and Plan of Merger
Agreement and Plan of Merger (362K)
Doc #226814: Click preview link for longer preview.
EXHIBIT 10.i.(n)
EXECUTION COPY
__________________________________________________________________________________________
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
__________________________________________________________________________________________
TABLE OF CONTENTS
ARTICLE I DEFINITION OF TERMS
Page
Section 1.1
Certain Definitions
1
Section 1.2
Other Terms
18
Section 1.3
Other Definitional Provisions
18
ARTICLE II PRELIMINARY TRANSFERS, THE MERGER; CONVERSION OF . . .
226814
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC GLOBAL – OF MERGER
EXHIBIT 10.i.(n)
EXECUTION COPY
__________________________________________________________________________________________
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October
IMC Global – 26, 59, 75
WTO Investor
26
YPS
49
__________________________________________________________________________________________
AGREEMENT AND PLAN OF MERGER, among IMC Global Inc., a Delaware corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation and an indirect,
IMC Global – IMC Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union Limited; London Salt Limited; Direct
IMC Global – NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union Limited; London Salt Limited; Direct Salt Supplies Limited; J.
IMC Global – Inc., Harris Chemicals North America, Inc., The Hutchinson & Northern Railway Company, IMC Chemicals Inc. and IMC Global Inc., providing for the sublease or assignment of leases by Harris Chemicals North America, Inc.,
dt 58112
;
Citibank
As referenced in this Agreement and Plan of Merger:
Citibank, N.A. – shall mean the present value, on the date on which such Attribute Adjustment Payment is due, calculated by using the "base rate" of Citibank, N.A. then in effect as the discount rate and calculated from the due date of the Income Tax Returns for the periods in
_____________
Citibank, N.A. – such portion shall bear interest from the date of such payment, if earlier) until the date of payment at the "base rate" of Citibank, N.A. or any successor thereto in New York. All payments made pursuant to this Article VI shall be adjusted as provided in Section
_____________
dt 146472
;
|
Bankers Trust
As referenced in this Agreement and Plan of Merger:
Bankers Trust – The Chase Manhattan Bank, J.P. Morgan Securities, Inc. Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001 attached to Section 4.5 of the Purchase Disclosure Letter
Bankers Trust – from Credit Suisse First Boston, The Chase Manhattan Bank, J.P. Morgan Securities, Inc. and Bankers Trust Company dated October 13, 2001 attached to Section 4.5 of the Purchase Disclosure Letter.
"
dt 44482
;
Chase Manhattan
As referenced in this Agreement and Plan of Merger:
Chase Manhattan Bank, – the meaning set forth in Section 2.10(c).
"Bank Commitment Letter" shall mean the commitment letter for the Bank financing from The Chase Manhattan Bank, J.P. Morgan Securities, Inc. Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001 attached to Section 4.
_____________
Chase Manhattan Bank, – Section 5.16(a)(i).
"Bridge Commitment Letter" shall mean the commitment letter for the bridge financing from Credit Suisse First Boston, The Chase Manhattan Bank, J.P. Morgan Securities, Inc. and Bankers Trust Company dated October 13, 2001 attached to Section 4.5 of the Purchase Disclosure
_____________
dt 102284
;
More... |
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| 2002 |
Agreement and Plan of Merger
Agreement and Plan of Merger (16K)
Doc #226815: Click preview link for longer preview.
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28, 2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation and an indirect, wholly owned subsidiary of Seller (the "Company"), on the one hand, and on the other hand, YBR Holdings LLC, a Delaware limited liability company ("Purchaser"), and YBR Acquisition Corp., a Delaware corporation, a wholly owned subsidiary of Purchaser ("Merger Sub") to the Agreement and Plan of Merger (the "Agreement"), dated as of October . . .
226815
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC Global – MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28, 2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation and an indirect,
(IMC Global – Corp.), delete the word "Alberta" in the "Qualification" row;
(2) In Section (b)(I)(3) (IMC Global (UK) Limited), delete the phrases "Cert #2 55,556 shares - Issued 5/31/96"
IMC GLOBAL – executed or caused this Amendment to be executed as of the date first written above.
IMC GLOBAL INC.
By:_________________________________
Name:
Title:
SALT HOLDINGS CORPORATION
By:_________________________________
Name:
Title:
YBR HOLDINGS LLC
dt 58113
;
Deutsche Banc
As referenced in this Agreement and Plan of Merger:
Deutsche Banc Alex. Brown – Canadian Agent; Chase Manhattan International Limited, as UK Agent; J.P. Morgan Securities Inc., as Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Deutsche Banc Alex. Brown Inc., as Syndication Agent, Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Credit Suisse First Boston, as Co-Documentation Agent; and Credit Lyonnais,
_____________
dt 189439
;
|
J.P. Morgan
As referenced in this Agreement and Plan of Merger:
J.P. Morgan Securities – Party Hereto; JPMorgan Chase Bank, as Administrative Agent; J.P. Morgan Bank Canada, as Canadian Agent; Chase Manhattan International Limited, as UK Agent; J.P. Morgan Securities Inc., as Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Deutsche Banc Alex. Brown Inc., as Syndication Agent, Joint Advisor, Co-Lead Arranger
_____________
dt 98349
;
JPMorgan Chase
As referenced in this Agreement and Plan of Merger:
JPMorgan Chase – Canada, Inc., as Canadian Borrower; Salt Union Limited, as UK Borrower; The Lenders Party Hereto; JPMorgan Chase Bank, as Administrative Agent; J.P. Morgan Bank Canada, as Canadian Agent; Chase Manhattan International
dt 46670
|
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| 2004 |
Agreement and Plan of Merger
Agreement and Plan of Merger (57K)
Doc #382894: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
IMC GLOBAL INC.
(a Delaware corporation),
PRP-GP LLC
(a Delaware limited liability company),
FMRP INC.
(a Delaware corporation),
PHOSPHATE RESOURCE PARTNERS LIMITED PARTNERSHIP
(a Delaware limited partnership)
AND
PHOSPHATE ACQUISITION PARTNERS L.P.
(a Delaware limited partnership)
THIS AGREEMENT AND PLAN OF MERGER dated as of March 17, 2004 (this "Merger Agreement"), is entered into by and among IMC Global Inc., a Delaware corporation ("IMC"), PRP-GP LLC, a Delaware limited liability company ("PRP-GP"), FMRP Inc., a Delaware corporation ("FMRP"), . . .
382894
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC GLOBAL –
Exhibit 2
EX-2 3 plpex2.htm EXHIBIT 2
Exhibit 2
Execution Copy
AGREEMENT AND PLAN OF MERGER
BY AND AMONG
IMC GLOBAL INC.
(a Delaware corporation),
PRP-GP LLC
(a Delaware limited liability company),
FMRP INC.
(a Delaware corporation),
PHOSPHATE RESOURCE PARTNERS LIMITED PARTNERSHIP
(a Delaware limited partnership)
AND
PHOSPHATE ACQUISITION PARTNERS
_____________
IMC Global – PHOSPHATE ACQUISITION PARTNERS L.P.
(a Delaware limited partnership)
THIS AGREEMENT AND PLAN OF MERGER dated as of March 17, 2004 (this "Merger Agreement"), is entered into by and among IMC Global Inc., a Delaware corporation ("IMC"), PRP-GP LLC, a Delaware limited liability company ("PRP-GP"), FMRP Inc., a Delaware corporation ("FMRP"), Phosphate Resource Partners Limited Partnership, a Delaware limited partnership ("
_____________
IMC, Global – IMC shall be permitted to take any action that is not prohibited by the Agreement and Plan of Merger and Contribution, dated as of January 26, 2004, by and among IMC, Global Nutrition Solution, Inc. GNS Acquisition Corp., Cargill, Incorporated and Cargill Fertilizer Inc., a copy of which is attached hereto as Exhibit B.
Section 4.2 Special Meeting; Proxies. As soon
_____________
IMC GLOBAL – treatment described in this Section 6.14.
[Signature pages follow.]
IN WITNESS WHEREOF, each of the parties hereto has executed this Merger Agreement as of the date first written above.
IMC GLOBAL INC.
By:
Name:
Title:
PRP-GP LLC
By:
Name:
Title:
FMRP INC.
By:
Name:
Title:
PHOSPHATE RESOURCE PARTNERS LIMITED PARTNERSHIP
By: PRP-GP LLC, as administrative managing general partner
By:
_____________
dt 1021166
;
|
McGuireWoods
As referenced in this Agreement and Plan of Merger:
McGuire Woods – prepaid, (a) to PLP or PRP-GP c/o PLP at 100 South Saunders Road, Suite 300, Lake Forest, Illinois 60045, Attn.: Robert Pence, Corporate Secretary, with a copy to McGuire Woods LLP, 150 North Michigan Avenue, Suite 2500, Chicago, Illinois 60601, Attn: Larry Samuels, and (b) to IMC or FMRP c/o IMC at 100 South Saunders Road, Suite 300,
_____________
dt 1043279
|
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| 2003 |
Agreement and Plan of Merger
Agreement and Plan of Merger (425K)
Doc #922199: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
<Page>
TABLE OF CONTENTS
<Table>
<Caption>
. . .
922199
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC GLOBAL –
EXHIBIT 2.1
Exhibit 2.1
EXECUTION COPY
================================================================================
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
TABLE OF CONTENTS
Page
----
ARTICLE I DEFINITION OF
_____________
IMC Global – Plan ...................................................................... 26, 56
Unaudited Financial Statements ................................................. 26, 40
United Salt Contract ........................................................... 26
WARN ........................................................................... 26, 59, 75
WTO Investor ................................................................... 26
YPS ............................................................................ 49
5
AGREEMENT AND PLAN OF MERGER, among IMC Global Inc., a Delaware
corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation
and an indirect, wholly owned subsidiary of Seller (the "Company"), on the one
hand, and on the other
_____________
IMC Global – be subsidiaries of the Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"ACQUISITION PROPOSAL" shall have the meaning
_____________
IMC Global – Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"ACQUISITION PROPOSAL" shall have the meaning set forth in
Section
_____________
IMC Global – obtaining such consent.
"RAIL CAR LEASE" shall mean the agreement between IMC Salt Inc.,
Harris Chemicals North America, Inc., The Hutchinson & Northern Railway Company,
IMC Chemicals
17
Inc. and IMC Global Inc., providing for the sublease or assignment of leases by
Harris Chemicals North America, Inc., The Hutchinson & Northern Railway Company
and IMC Chemicals Inc. of rail cars to IMC Salt
_____________
dt 1867122
;
|
Latham & Watkins
As referenced in this Agreement and Plan of Merger:
Latham & Watkins – be fulfilled only at the Closing, but
subject to the fulfillment or waiver of all such conditions at the time of the
Closing) (the "Closing Date"), at the offices of Latham & Watkins , 885 Third
Avenue, New York, New York 10022, unless another date and/or place is agreed to
in writing by the parties hereto.
Section 2.6 CERTIFICATE OF INCORPORATION:
_____________
Latham & Watkins – Seller shall have received a certificate from Purchaser
signed by an officer thereof with respect to the foregoing.
(c) OPINION. Seller shall have received opinions dated the
Closing Date, of Latham & Watkins and Morris, Nichols, Arsht & Tunnell, counsels
to Purchaser, substantially in the form set forth in Section 7.3(c) of the
Purchaser Disclosure Letter.
(d) SOLVENCY LETTER. The Chief
_____________
Latham & Watkins – Management, L.P.
1301 Avenue of the Americas
38th Floor
New York, New York 10019
Telephone: 212-515-3200
Telecopy: 212-515-3288
Attn: Scott Kleinman
With a copy to:
Latham & Watkins
885 Third Avenue
Suite 1000
New York, New York 10022
Telephone: 212-906-1200
Telecopy: 212-751-4864
Attn: Raymond Lin
Section 10.2 AMENDMENT; WAIVER. Any provision of
_____________
dt 1699808
|
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| 2003 |
Agreement and Plan of Merger
Agreement and Plan of Merger (21K)
Doc #922201: Click preview link for longer preview.
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "AMENDMENT"), dated as of November 28, 2001,
by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other hand,
YBR Holdings LLC, a Delaware limited liability company ("Purchaser"), and YBR
Acquisition Corp., a Delaware corporation, a wholly owned subsidiary . . .
922201
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC Global – 2.2
Exhibit 2.2
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "AMENDMENT"), dated as of November 28, 2001,
by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other
_____________
(IMC Global – Agreement is
hereby amended as follows:
(1) In Section (b)(I)(13) (IMC Kalium Ogden Corp.), delete the
word "Alberta" in the "Qualification" row;
(2) In Section (b)(I)(3) (IMC Global (UK) Limited), delete the
phrases "Cert #2 55,556 shares - Issued 5/31/96" and "Cert
#3 157,000,000 shares - Issued 5/31/96" in the "Owner & %
Interest"
_____________
IMC GLOBAL – shall constitute one and the same agreement.
9
IN WITNESS WHEREOF, the parties have executed or caused this Amendment
to be executed as of the date first written above.
IMC GLOBAL INC.
By:
---------------------------------
Name:
Title:
SALT HOLDINGS CORPORATION
By:
---------------------------------
Name:
Title:
YBR HOLDINGS LLC
By:
---------------------------------
Name:
Title:
YBR ACQUISITION CORP.
By:
---------------------------------
Name:
Title:
10
_____________
dt 1721777
| |
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Agreement and Plan of Merger
Agreement and Plan of Merger (438K)
Doc #1512958: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
<PAGE>
TABLE OF CONTENTS
< . . .
1512958
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC GLOBAL – lt;FILENAME>dex21.txt
<DESCRIPTION>AGREEMENT AND PLAN OF MERGER
<TEXT>
<PAGE>
Exhibit 2.1
EXECUTION COPY
================================================================================
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
_____________
IMC Global – Financial Statements ............................................................ 26, 40
United Salt Contract ...................................................................... 26
WARN ...................................................................................... 26, 59, 75
WTO Investor .............................................................................. 26
YPS ....................................................................................... 49
</TABLE>
5
<PAGE>
AGREEMENT AND PLAN OF MERGER, among IMC Global Inc., a Delaware
corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation
and an indirect, wholly owned subsidiary of Seller (the "Company"), on the one
hand, and on the other
_____________
IMC Global – be subsidiaries of the Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"Acquisition Proposal" shall have the
_____________
IMC Global – Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"Acquisition Proposal" shall have the meaning set forth in
--------------------
_____________
IMC Global – Rail Car Lease" shall mean the agreement between IMC Salt Inc.,
--------------
Harris Chemicals North America, Inc., The Hutchinson & Northern Railway Company,
IMC Chemicals
17
<PAGE>
Inc. and IMC Global Inc., providing for the sublease or assignment of
leases by Harris Chemicals North America, Inc., The Hutchinson & Northern
Railway Company and IMC Chemicals Inc. of rail cars to IMC
_____________
dt 1655007
;
Citibank
As referenced in this Agreement and Plan of Merger:
Citibank, N.A. – in the relevant period.
(1) "Present Value" shall mean the present value, on the
date on which such Attribute Adjustment Payment is due, calculated by using the
"base rate" of Citibank, N.A. then in effect as the discount rate and calculated
from the due date of the Income Tax Returns for the periods in which a greater
or lesser amount of
_____________
Citibank, N.A. – the Tax relating to such requested payment, such portion shall
bear interest from the date of such payment, if earlier) until the date of
payment at the "base rate" of Citibank, N.A. or any successor thereto in New
York. All payments made pursuant to this Article VI shall be adjusted as
provided in Section 8.6.
Section 6.10 Purchase Price
_____________
dt 1675586
;
|
Chase Manhattan
As referenced in this Agreement and Plan of Merger:
Chase Manhattan Bank, – Section 3.7(a).
"Auditor" shall have the meaning set forth in Section 2.10(c).
-------
"Bank Commitment Letter" shall mean the commitment letter for the
----------------------
Bank financing from The Chase Manhattan Bank, J.P. Morgan Securities, Inc.
Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter or
_____________
Chase Manhattan Bank, – shall have the meaning set forth in
---------------------
Section 5.16(a)(i).
"Bridge Commitment Letter" shall mean the commitment letter for
------------------------
the bridge financing from Credit Suisse First Boston, The Chase Manhattan Bank,
J.P. Morgan Securities, Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter.
"Bridge Financing Fee" shall have the
_____________
dt 1666638
;
J.P. Morgan
As referenced in this Agreement and Plan of Merger:
J.P. Morgan Securities, Inc – a).
"Auditor" shall have the meaning set forth in Section 2.10(c).
-------
"Bank Commitment Letter" shall mean the commitment letter for the
----------------------
Bank financing from The Chase Manhattan Bank, J.P. Morgan Securities, Inc .
Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter or any amendment
thereto or replacement
_____________
J.P. Morgan Securities, Inc – meaning set forth in
---------------------
Section 5.16(a)(i).
"Bridge Commitment Letter" shall mean the commitment letter for
------------------------
the bridge financing from Credit Suisse First Boston, The Chase Manhattan Bank,
J.P. Morgan Securities, Inc . and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter.
"Bridge Financing Fee" shall have the meaning set forth in
--------------------
Section
_____________
dt 1677499
|
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Agreement and Plan of Merger
Agreement and Plan of Merger (22K)
Doc #1512967: Click preview link for longer preview.
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28,
---------
2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other hand,
YBR Holdings LLC, a Delaware limited liability company ("Purchaser"), and . . .
1512967
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC Global – gt;
<PAGE>
Exhibit 2.2
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28,
---------
2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other
_____________
(IMC Global – Agreement is
hereby amended as follows:
(1) In Section (b)(I)(13) (IMC Kalium Ogden Corp.), delete the
word "Alberta" in the "Qualification" row;
(2) In Section (b)(I)(3) (IMC Global (UK) Limited), delete the
phrases "Cert #2 55,556 shares - Issued 5/31/96" and "Cert
#3 157,000,000 shares - Issued 5/31/96" in the "Owner & %
_____________
IMC GLOBAL – one and the same agreement.
9
<PAGE>
IN WITNESS WHEREOF, the parties have executed or caused this
Amendment to be executed as of the date first written above.
IMC GLOBAL INC.
By:_________________________________
Name:
Title:
SALT HOLDINGS CORPORATION
By:_________________________________
Name:
Title:
YBR HOLDINGS LLC
By:_________________________________
Name:
Title:
YBR ACQUISITION CORP.
By:_________________________________
Name:
Title:
10
</TEXT>
&
_____________
dt 1655008
;
|
Deutsche Banc
As referenced in this Agreement and Plan of Merger:
Deutsche Banc Alex. Brown Inc – Agent; J.P. Morgan Bank Canada, as
Canadian Agent; Chase Manhattan International Limited, as UK Agent;
J.P. Morgan Securities Inc., as Joint Advisor, Co-Lead Arranger and
Joint Bookrunner; Deutsche Banc Alex. Brown Inc ., as Syndication
Agent, Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Credit
Suisse First Boston, as Co-Documentation Agent; and Credit Lyonnais,
as Co-Documentation Agent.
Section 1.8
_____________
dt 1670155
;
J.P. Morgan
As referenced in this Agreement and Plan of Merger:
J.P. Morgan Securities Inc – Union Limited, as UK Borrower; The Lenders Party Hereto; JPMorgan
Chase Bank, as Administrative Agent; J.P. Morgan Bank Canada, as
Canadian Agent; Chase Manhattan International Limited, as UK Agent;
J.P. Morgan Securities Inc ., as Joint Advisor, Co-Lead Arranger and
Joint Bookrunner; Deutsche Banc Alex. Brown Inc., as Syndication
Agent, Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Credit
Suisse First Boston,
_____________
dt 1677500
|
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Agreement and Plan of Merger
Agreement and Plan of Merger (438K)
Doc #1707373: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
<PAGE>
TABLE OF CONTENTS
< . . .
1707373
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC GLOBAL – lt;FILENAME>dex21.txt
<DESCRIPTION>AGREEMENT AND PLAN OF MERGER
<TEXT>
<PAGE>
Exhibit 2.1
EXECUTION COPY
================================================================================
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
_____________
IMC Global – Financial Statements ............................................................ 26, 40
United Salt Contract ...................................................................... 26
WARN ...................................................................................... 26, 59, 75
WTO Investor .............................................................................. 26
YPS ....................................................................................... 49
</TABLE>
5
<PAGE>
AGREEMENT AND PLAN OF MERGER, among IMC Global Inc., a Delaware
corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation
and an indirect, wholly owned subsidiary of Seller (the "Company"), on the one
hand, and on the other
_____________
IMC Global – be subsidiaries of the Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"Acquisition Proposal" shall have the
_____________
IMC Global – Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"Acquisition Proposal" shall have the meaning set forth in
--------------------
_____________
IMC Global – Rail Car Lease" shall mean the agreement between IMC Salt Inc.,
--------------
Harris Chemicals North America, Inc., The Hutchinson & Northern Railway Company,
IMC Chemicals
17
<PAGE>
Inc. and IMC Global Inc., providing for the sublease or assignment of
leases by Harris Chemicals North America, Inc., The Hutchinson & Northern
Railway Company and IMC Chemicals Inc. of rail cars to IMC
_____________
dt 1655015
;
Citibank
As referenced in this Agreement and Plan of Merger:
Citibank, N.A. – in the relevant period.
(1) "Present Value" shall mean the present value, on the
date on which such Attribute Adjustment Payment is due, calculated by using the
"base rate" of Citibank, N.A. then in effect as the discount rate and calculated
from the due date of the Income Tax Returns for the periods in which a greater
or lesser amount of
_____________
Citibank, N.A. – the Tax relating to such requested payment, such portion shall
bear interest from the date of such payment, if earlier) until the date of
payment at the "base rate" of Citibank, N.A. or any successor thereto in New
York. All payments made pursuant to this Article VI shall be adjusted as
provided in Section 8.6.
Section 6.10 Purchase Price
_____________
dt 1675794
;
|
Chase Manhattan
As referenced in this Agreement and Plan of Merger:
Chase Manhattan Bank, – Section 3.7(a).
"Auditor" shall have the meaning set forth in Section 2.10(c).
-------
"Bank Commitment Letter" shall mean the commitment letter for the
----------------------
Bank financing from The Chase Manhattan Bank, J.P. Morgan Securities, Inc.
Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter or
_____________
Chase Manhattan Bank, – shall have the meaning set forth in
---------------------
Section 5.16(a)(i).
"Bridge Commitment Letter" shall mean the commitment letter for
------------------------
the bridge financing from Credit Suisse First Boston, The Chase Manhattan Bank,
J.P. Morgan Securities, Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter.
"Bridge Financing Fee" shall have the
_____________
dt 1666812
;
J.P. Morgan
As referenced in this Agreement and Plan of Merger:
J.P. Morgan Securities, Inc – a).
"Auditor" shall have the meaning set forth in Section 2.10(c).
-------
"Bank Commitment Letter" shall mean the commitment letter for the
----------------------
Bank financing from The Chase Manhattan Bank, J.P. Morgan Securities, Inc .
Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter or any amendment
thereto or replacement
_____________
J.P. Morgan Securities, Inc – meaning set forth in
---------------------
Section 5.16(a)(i).
"Bridge Commitment Letter" shall mean the commitment letter for
------------------------
the bridge financing from Credit Suisse First Boston, The Chase Manhattan Bank,
J.P. Morgan Securities, Inc . and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter.
"Bridge Financing Fee" shall have the meaning set forth in
--------------------
Section
_____________
dt 1677709
|
Preview
Full Doc
| 2002 |
Agreement and Plan of Merger
Agreement and Plan of Merger (22K)
Doc #1707377: Click preview link for longer preview.
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28,
---------
2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other hand,
YBR Holdings LLC, a Delaware limited liability company ("Purchaser"), and . . .
1707377
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC Global – gt;
<PAGE>
Exhibit 2.2
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28,
---------
2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other
_____________
(IMC Global – Agreement is
hereby amended as follows:
(1) In Section (b)(I)(13) (IMC Kalium Ogden Corp.), delete the
word "Alberta" in the "Qualification" row;
(2) In Section (b)(I)(3) (IMC Global (UK) Limited), delete the
phrases "Cert #2 55,556 shares - Issued 5/31/96" and "Cert
#3 157,000,000 shares - Issued 5/31/96" in the "Owner & %
_____________
IMC GLOBAL – one and the same agreement.
9
<PAGE>
IN WITNESS WHEREOF, the parties have executed or caused this
Amendment to be executed as of the date first written above.
IMC GLOBAL INC.
By:_________________________________
Name:
Title:
SALT HOLDINGS CORPORATION
By:_________________________________
Name:
Title:
YBR HOLDINGS LLC
By:_________________________________
Name:
Title:
YBR ACQUISITION CORP.
By:_________________________________
Name:
Title:
10
</TEXT>
&
_____________
dt 1655016
;
|
Deutsche Banc
As referenced in this Agreement and Plan of Merger:
Deutsche Banc Alex. Brown Inc – Agent; J.P. Morgan Bank Canada, as
Canadian Agent; Chase Manhattan International Limited, as UK Agent;
J.P. Morgan Securities Inc., as Joint Advisor, Co-Lead Arranger and
Joint Bookrunner; Deutsche Banc Alex. Brown Inc ., as Syndication
Agent, Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Credit
Suisse First Boston, as Co-Documentation Agent; and Credit Lyonnais,
as Co-Documentation Agent.
Section 1.8
_____________
dt 1670184
;
J.P. Morgan
As referenced in this Agreement and Plan of Merger:
J.P. Morgan Securities Inc – Union Limited, as UK Borrower; The Lenders Party Hereto; JPMorgan
Chase Bank, as Administrative Agent; J.P. Morgan Bank Canada, as
Canadian Agent; Chase Manhattan International Limited, as UK Agent;
J.P. Morgan Securities Inc ., as Joint Advisor, Co-Lead Arranger and
Joint Bookrunner; Deutsche Banc Alex. Brown Inc., as Syndication
Agent, Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Credit
Suisse First Boston,
_____________
dt 1677710
|
Preview
Full Doc
| 2002 |
Agreement and Plan of Merger
Agreement and Plan of Merger (438K)
Doc #1713893: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
<PAGE>
TABLE OF CONTENTS
< . . .
1713893
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC GLOBAL – lt;FILENAME>dex21.txt
<DESCRIPTION>AGREEMENT AND PLAN OF MERGER
<TEXT>
<PAGE>
Exhibit 2.1
EXECUTION COPY
================================================================================
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
_____________
IMC Global – Financial Statements ............................................................ 26, 40
United Salt Contract ...................................................................... 26
WARN ...................................................................................... 26, 59, 75
WTO Investor .............................................................................. 26
YPS ....................................................................................... 49
</TABLE>
5
<PAGE>
AGREEMENT AND PLAN OF MERGER, among IMC Global Inc., a Delaware
corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation
and an indirect, wholly owned subsidiary of Seller (the "Company"), on the one
hand, and on the other
_____________
IMC Global – be subsidiaries of the Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"Acquisition Proposal" shall have the
_____________
IMC Global – Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"Acquisition Proposal" shall have the meaning set forth in
--------------------
_____________
IMC Global – Rail Car Lease" shall mean the agreement between IMC Salt Inc.,
--------------
Harris Chemicals North America, Inc., The Hutchinson & Northern Railway Company,
IMC Chemicals
17
<PAGE>
Inc. and IMC Global Inc., providing for the sublease or assignment of
leases by Harris Chemicals North America, Inc., The Hutchinson & Northern
Railway Company and IMC Chemicals Inc. of rail cars to IMC
_____________
dt 1655019
;
Citibank
As referenced in this Agreement and Plan of Merger:
Citibank, N.A. – in the relevant period.
(1) "Present Value" shall mean the present value, on the
date on which such Attribute Adjustment Payment is due, calculated by using the
"base rate" of Citibank, N.A. then in effect as the discount rate and calculated
from the due date of the Income Tax Returns for the periods in which a greater
or lesser amount of
_____________
Citibank, N.A. – the Tax relating to such requested payment, such portion shall
bear interest from the date of such payment, if earlier) until the date of
payment at the "base rate" of Citibank, N.A. or any successor thereto in New
York. All payments made pursuant to this Article VI shall be adjusted as
provided in Section 8.6.
Section 6.10 Purchase Price
_____________
dt 1675812
;
|
Chase Manhattan
As referenced in this Agreement and Plan of Merger:
Chase Manhattan Bank, – Section 3.7(a).
"Auditor" shall have the meaning set forth in Section 2.10(c).
-------
"Bank Commitment Letter" shall mean the commitment letter for the
----------------------
Bank financing from The Chase Manhattan Bank, J.P. Morgan Securities, Inc.
Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter or
_____________
Chase Manhattan Bank, – shall have the meaning set forth in
---------------------
Section 5.16(a)(i).
"Bridge Commitment Letter" shall mean the commitment letter for
------------------------
the bridge financing from Credit Suisse First Boston, The Chase Manhattan Bank,
J.P. Morgan Securities, Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter.
"Bridge Financing Fee" shall have the
_____________
dt 1666824
;
J.P. Morgan
As referenced in this Agreement and Plan of Merger:
J.P. Morgan Securities, Inc – a).
"Auditor" shall have the meaning set forth in Section 2.10(c).
-------
"Bank Commitment Letter" shall mean the commitment letter for the
----------------------
Bank financing from The Chase Manhattan Bank, J.P. Morgan Securities, Inc .
Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter or any amendment
thereto or replacement
_____________
J.P. Morgan Securities, Inc – meaning set forth in
---------------------
Section 5.16(a)(i).
"Bridge Commitment Letter" shall mean the commitment letter for
------------------------
the bridge financing from Credit Suisse First Boston, The Chase Manhattan Bank,
J.P. Morgan Securities, Inc . and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter.
"Bridge Financing Fee" shall have the meaning set forth in
--------------------
Section
_____________
dt 1677723
|
Preview
Full Doc
| 2002 |
Agreement and Plan of Merger
Agreement and Plan of Merger (22K)
Doc #1713894: Click preview link for longer preview.
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28,
---------
2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other hand,
YBR Holdings LLC, a Delaware limited liability company ("Purchaser"), and . . .
1713894
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC Global – gt;
<PAGE>
Exhibit 2.2
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28,
---------
2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other
_____________
(IMC Global – Agreement is
hereby amended as follows:
(1) In Section (b)(I)(13) (IMC Kalium Ogden Corp.), delete the
word "Alberta" in the "Qualification" row;
(2) In Section (b)(I)(3) (IMC Global (UK) Limited), delete the
phrases "Cert #2 55,556 shares - Issued 5/31/96" and "Cert
#3 157,000,000 shares - Issued 5/31/96" in the "Owner & %
_____________
IMC GLOBAL – one and the same agreement.
9
<PAGE>
IN WITNESS WHEREOF, the parties have executed or caused this
Amendment to be executed as of the date first written above.
IMC GLOBAL INC.
By:_________________________________
Name:
Title:
SALT HOLDINGS CORPORATION
By:_________________________________
Name:
Title:
YBR HOLDINGS LLC
By:_________________________________
Name:
Title:
YBR ACQUISITION CORP.
By:_________________________________
Name:
Title:
10
</TEXT>
&
_____________
dt 1655020
;
|
Deutsche Banc
As referenced in this Agreement and Plan of Merger:
Deutsche Banc Alex. Brown Inc – Agent; J.P. Morgan Bank Canada, as
Canadian Agent; Chase Manhattan International Limited, as UK Agent;
J.P. Morgan Securities Inc., as Joint Advisor, Co-Lead Arranger and
Joint Bookrunner; Deutsche Banc Alex. Brown Inc ., as Syndication
Agent, Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Credit
Suisse First Boston, as Co-Documentation Agent; and Credit Lyonnais,
as Co-Documentation Agent.
Section 1.8
_____________
dt 1670186
;
J.P. Morgan
As referenced in this Agreement and Plan of Merger:
J.P. Morgan Securities Inc – Union Limited, as UK Borrower; The Lenders Party Hereto; JPMorgan
Chase Bank, as Administrative Agent; J.P. Morgan Bank Canada, as
Canadian Agent; Chase Manhattan International Limited, as UK Agent;
J.P. Morgan Securities Inc ., as Joint Advisor, Co-Lead Arranger and
Joint Bookrunner; Deutsche Banc Alex. Brown Inc., as Syndication
Agent, Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Credit
Suisse First Boston,
_____________
dt 1677724
|
Preview
Full Doc
| 2002 |
Agreement and Plan of Merger
Agreement and Plan of Merger (438K)
Doc #1714554: Click preview link for longer preview.
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
<PAGE>
TABLE OF CONTENTS
< . . .
1714554
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC GLOBAL – lt;FILENAME>dex21.txt
<DESCRIPTION>AGREEMENT AND PLAN OF MERGER
<TEXT>
<PAGE>
Exhibit 2.1
EXECUTION COPY
================================================================================
AGREEMENT AND PLAN OF MERGER
among
IMC GLOBAL INC.,
SALT HOLDINGS CORPORATION,
YBR HOLDINGS LLC
and
YBR ACQUISITION CORP.
Dated as of October 13, 2001
================================================================================
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
_____________
IMC Global – Financial Statements ............................................................ 26, 40
United Salt Contract ...................................................................... 26
WARN ...................................................................................... 26, 59, 75
WTO Investor .............................................................................. 26
YPS ....................................................................................... 49
</TABLE>
5
<PAGE>
AGREEMENT AND PLAN OF MERGER, among IMC Global Inc., a Delaware
corporation ("Seller"), and Salt Holdings Corporation, a Delaware corporation
and an indirect, wholly owned subsidiary of Seller (the "Company"), on the one
hand, and on the other
_____________
IMC Global – be subsidiaries of the Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"Acquisition Proposal" shall have the
_____________
IMC Global – Company following the
Preliminary Transfers): IMC Inorganic Chemicals Inc.; GSL Corporation; IMC
Kalium Ogden Corp.; NAMSCO INC.; IMC Salt Inc.; Carey Salt Company; Sifto Canada
Inc.; IMC Global (Europe) Limited; IMC Global (U.K.) Limited; Salt Union
Limited; London Salt Limited; Direct Salt Supplies Limited; J.T. Lunt & Co.
(Nantwich) Limited.
"Acquisition Proposal" shall have the meaning set forth in
--------------------
_____________
IMC Global – Rail Car Lease" shall mean the agreement between IMC Salt Inc.,
--------------
Harris Chemicals North America, Inc., The Hutchinson & Northern Railway Company,
IMC Chemicals
17
<PAGE>
Inc. and IMC Global Inc., providing for the sublease or assignment of
leases by Harris Chemicals North America, Inc., The Hutchinson & Northern
Railway Company and IMC Chemicals Inc. of rail cars to IMC
_____________
dt 1655023
;
Citibank
As referenced in this Agreement and Plan of Merger:
Citibank, N.A. – in the relevant period.
(1) "Present Value" shall mean the present value, on the
date on which such Attribute Adjustment Payment is due, calculated by using the
"base rate" of Citibank, N.A. then in effect as the discount rate and calculated
from the due date of the Income Tax Returns for the periods in which a greater
or lesser amount of
_____________
Citibank, N.A. – the Tax relating to such requested payment, such portion shall
bear interest from the date of such payment, if earlier) until the date of
payment at the "base rate" of Citibank, N.A. or any successor thereto in New
York. All payments made pursuant to this Article VI shall be adjusted as
provided in Section 8.6.
Section 6.10 Purchase Price
_____________
dt 1675813
;
|
Chase Manhattan
As referenced in this Agreement and Plan of Merger:
Chase Manhattan Bank, – Section 3.7(a).
"Auditor" shall have the meaning set forth in Section 2.10(c).
-------
"Bank Commitment Letter" shall mean the commitment letter for the
----------------------
Bank financing from The Chase Manhattan Bank, J.P. Morgan Securities, Inc.
Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter or
_____________
Chase Manhattan Bank, – shall have the meaning set forth in
---------------------
Section 5.16(a)(i).
"Bridge Commitment Letter" shall mean the commitment letter for
------------------------
the bridge financing from Credit Suisse First Boston, The Chase Manhattan Bank,
J.P. Morgan Securities, Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter.
"Bridge Financing Fee" shall have the
_____________
dt 1666825
;
J.P. Morgan
As referenced in this Agreement and Plan of Merger:
J.P. Morgan Securities, Inc – a).
"Auditor" shall have the meaning set forth in Section 2.10(c).
-------
"Bank Commitment Letter" shall mean the commitment letter for the
----------------------
Bank financing from The Chase Manhattan Bank, J.P. Morgan Securities, Inc .
Deutsche Banc Alex Brown Inc. and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter or any amendment
thereto or replacement
_____________
J.P. Morgan Securities, Inc – meaning set forth in
---------------------
Section 5.16(a)(i).
"Bridge Commitment Letter" shall mean the commitment letter for
------------------------
the bridge financing from Credit Suisse First Boston, The Chase Manhattan Bank,
J.P. Morgan Securities, Inc . and Bankers Trust Company dated October 13, 2001
attached to Section 4.5 of the Purchase Disclosure Letter.
"Bridge Financing Fee" shall have the meaning set forth in
--------------------
Section
_____________
dt 1677725
|
Preview
Full Doc
| 2002 |
Agreement and Plan of Merger
Agreement and Plan of Merger (22K)
Doc #1714555: Click preview link for longer preview.
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28,
---------
2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other hand,
YBR Holdings LLC, a Delaware limited liability company ("Purchaser"), and . . .
1714555
|
IMC Global
As referenced in this Agreement and Plan of Merger:
IMC Global – gt;
<PAGE>
Exhibit 2.2
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 (the "Amendment"), dated as of November 28,
---------
2001, by and among IMC Global Inc., a Delaware corporation ("Seller"), and Salt
Holdings Corporation, a Delaware corporation and an indirect, wholly owned
subsidiary of Seller (the "Company"), on the one hand, and on the other
_____________
(IMC Global – Agreement is
hereby amended as follows:
(1) In Section (b)(I)(13) (IMC Kalium Ogden Corp.), delete the
word "Alberta" in the "Qualification" row;
(2) In Section (b)(I)(3) (IMC Global (UK) Limited), delete the
phrases "Cert #2 55,556 shares - Issued 5/31/96" and "Cert
#3 157,000,000 shares - Issued 5/31/96" in the "Owner & %
_____________
IMC GLOBAL – one and the same agreement.
9
<PAGE>
IN WITNESS WHEREOF, the parties have executed or caused this
Amendment to be executed as of the date first written above.
IMC GLOBAL INC.
By:_________________________________
Name:
Title:
SALT HOLDINGS CORPORATION
By:_________________________________
Name:
Title:
YBR HOLDINGS LLC
By:_________________________________
Name:
Title:
YBR ACQUISITION CORP.
By:_________________________________
Name:
Title:
10
</TEXT>
&
_____________
dt 1655024
;
|
Deutsche Banc
As referenced in this Agreement and Plan of Merger:
Deutsche Banc Alex. Brown Inc – Agent; J.P. Morgan Bank Canada, as
Canadian Agent; Chase Manhattan International Limited, as UK Agent;
J.P. Morgan Securities Inc., as Joint Advisor, Co-Lead Arranger and
Joint Bookrunner; Deutsche Banc Alex. Brown Inc ., as Syndication
Agent, Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Credit
Suisse First Boston, as Co-Documentation Agent; and Credit Lyonnais,
as Co-Documentation Agent.
Section 1.8
_____________
dt 1670187
;
J.P. Morgan
As referenced in this Agreement and Plan of Merger:
J.P. Morgan Securities Inc – Union Limited, as UK Borrower; The Lenders Party Hereto; JPMorgan
Chase Bank, as Administrative Agent; J.P. Morgan Bank Canada, as
Canadian Agent; Chase Manhattan International Limited, as UK Agent;
J.P. Morgan Securities Inc ., as Joint Advisor, Co-Lead Arranger and
Joint Bookrunner; Deutsche Banc Alex. Brown Inc., as Syndication
Agent, Joint Advisor, Co-Lead Arranger and Joint Bookrunner; Credit
Suisse First Boston,
_____________
dt 1677726
|
Preview
Full Doc
| 2003 |
Amendment and Restatement Agreement
Amendment and Restatement Agreement (107K)
Doc #226759: Click preview link for longer preview.
AMENDMENT AND RESTATEMENT AGREEMENT dated as of
February 21, 2003, among IMC GLOBAL INC. (the
"COMPANY"), PHOSPHATE RESOURCE PARTNERS LIMITED
PARTNERSHIP ("PLP"), IMC PHOSPHATES COMPANY (together
with PLP, the "BORROWING SUBSIDIARIES" and, together
with the Company, the "BORROWERS"), the lenders party
hereto and JPMORGAN CHASE BANK, as administrative
agent under the Credit Agreement dated as of May 17,
2001, as amended (the "CURRENT CREDIT AGREEMENT"),
among the Company, the Borrowing Subsidiaries, the
lenders referred to therein, JPMorgan Chase Bank (as
successor to The Chase Manhattan Bank), as
administrative agent, and Goldman Sachs Credit
Partners L.P., as syndication agent, as in effect on
the date hereof. Capitalized terms used but not
defined herein have the meanings assigned to them in
the Current Credit Agreement, as amended and restated
hereby.
WHEREAS, the Company has requested, and the undersigned Lenders and
the Administrative Agent have agreed, upon the terms and subject to the
conditions set forth herein, that the Current Credit Agreement be amended and
restated as provided herein;
NOW, THEREFORE, the Company, the Borrowing Subsidiaries, the
undersigned Lenders and the Administrative Agent hereby agree as follows:
SECTION 1. AMENDMENT AND RESTATEMENT OF THE CURRENT CREDIT AGREEMENT;
LOANS AND LETTERS OF CREDIT. (a) Effective upon the Restatement Effective Date
(as defined in Section 6 below), the Current Credit Agreement is hereby amended
and restated to read in its entirety as set forth in EXHIBIT A hereto (the
"RESTATED CREDIT AGREEMENT"). From and after the effectiveness of such amendment
and restatement, the terms "Agreement", "this Agreement", "herein",
"hereinafter", "hereto", "hereof" and words of similar import, as used in the
Restated Credit Agreement, shall, unless the context otherwise requires, refer
to the Current Credit Agreement as amended and restated in the form of the
Restated Credit Agreement, and the term "Credit
<Page>
2
Agreement", as used in the other Loan Documents, shall mean the Restated Credit
Agreement.
(b) All B Term Loans, Revolving Loans, Swingline Loans and Letters of
Credit outstanding under the Current Credit Agreement on the Restatement
Effective Date shall continue to be outstanding under the Restated Credit
Agreement and the terms of the Restated Credit Agreement will govern the rights
of the Lenders and the Issuing Bank with respect thereto.
(c) Except as otherwise provided in the Restated Credit Agreement, on
and after the Restatement Effective Date, all exhibits and schedules to the
Current Credit Agreement shall continue to constitute the exhibits and schedules
to the Restated Credit Agreement in their entirety.
SECTION 2. AMENDMENT AND RESTATEMENT OF THE SECURITY AGREEMENT. (a)
Each Lender that delivers a signed counterpart to this Agreement hereby consents
to the amendment and restatement, on the Restatement Effective Date, of the
Security Agreement referred to in the Current Credit Agreement, as previously
amended (the "CURRENT SECURITY AGREEMENT"), to read in its entirety as set forth
in EXHIBIT B hereto (the "RESTATED SECURITY AGREEMENT"). From and after the
effectiveness of such amendment and restatement, the terms "Agreement", "this
Agreement", "herein", "hereinafter", "hereto", "hereof" and words of similar
import, as used in the Restated Security Agreement, shall, unless the context
otherwise requires, refer to the Current Security Agreement as amended and
restated in the form of the Restated Security Agreement, and the term "Security
Agreement", as used in the other Loan Documents, shall mean the Restated
Security Agreement.
(b) All Security Interests (as such term is defined in the Current
Security Agreement) existing under the Current Security Agreement on the
Restatement Effective Date shall continue to exist under the Restated Security
Agreement and the terms of the Restated Security Agreement will govern the
rights of the Collateral Agent and the Secured Parties (as such term is defined
in the Current Security Agreement) with respect thereto.
(c) Except as otherwise provided in the Restated Security Agreement,
on and after the Restatement Effective Date, all schedules and annexes to the
226759
|
IMC Global
As referenced in this Amendment and Restatement Agreement:
IMC GLOBAL – 4.1
EXECUTION COPY
AMENDMENT AND RESTATEMENT AGREEMENT dated as of
February 21, 2003, among IMC GLOBAL INC. (the
"COMPANY"), PHOSPHATE RESOURCE PARTNERS LIMITED
PARTNERSHIP ("PLP"), IMC PHOSPHATES COMPANY (together
with PLP,
IMC GLOBAL – executed by their respective authorized officers as of the day and year
first written above.
IMC GLOBAL INC.,
by /s/ E. PAUL DUNN, JR.
------------------------------------
Name: E. Paul Dunn, Jr.
Title: Vice President,
IMC Global – Paul Dunn, Jr.
Title: Vice President, Finance and
Treasurer
PHOSPHATE RESOURCE PARTNERS LIMITED
PARTNERSHIP,
By: IMC Global Inc., its Administrative
Managing General Partner,
by /s/ E. PAUL DUNN, JR.
------------------------------------
Name: E. Paul
IMC
GLOBAL, – OF FEBRUARY
21, 2003, IN RESPECT OF THE CREDIT
AGREEMENT, DATED MAY 17, 2001, AMONG IMC
GLOBAL, INC., THE BORROWING SUBSIDIARIES
PARTY THERETO, THE LENDERS PARTY THERETO,
JPMORGAN CHASE BANK (SUCCESSOR
IMC
GLOBAL, – OF FEBRUARY
21, 2003, IN RESPECT OF THE CREDIT
AGREEMENT, DATED MAY 17, 2001, AMONG IMC
GLOBAL, INC., THE BORROWING SUBSIDIARIES
PARTY THERETO, THE LENDERS PARTY THERETO,
JPMORGAN CHASE BANK (SUCCESSOR
dt 58077
;
Bank of Ireland
As referenced in this Amendment and Restatement Agreement:
Bank of Ireland
– MANHATTAN BANK), AS ADMINISTRATIVE AGENT,
AND GOLDMAN SACHS CREDIT PARTNERS L.P., AS
SYNDICATION AGENT.
Name of Institution:
The Governor & Company of the Bank of Ireland
-----------------------------------
by
/s/ GERALDINE HANNON
------------------------
Name: Geraldine Hannon
Title: Authorized Signatory
/s/ MAURICE FITZGERALD
------------------------
Name: Maurice Fitzgerald
Title: Authorized Signatory
<Page>
_____________
dt 238235
;
|
Bankers Trust
As referenced in this Amendment and Restatement Agreement:
Bankers Trust – Name of Institution:
Blue Square Funding Series 3
-----------------------------------
By: Deutsche Bank Trust Co. Americans
FKA Bankers Trust Co.
by
/s/ SUSAN ANDERSON
------------------------
Name: Susan Anderson
Title: Assistant Vice Pesident
<Page>
dt 44481
;
CIBC
As referenced in this Amendment and Restatement Agreement:
Canadian Imperial Bank of Commerce
– BANK (SUCCESSOR TO THE CHASE
MANHATTAN BANK), AS ADMINISTRATIVE AGENT,
AND GOLDMAN SACHS CREDIT PARTNERS L.P., AS
SYNDICATION AGENT.
Name of Institution:
Canadian Imperial Bank of Commerce
-----------------------------------
by
/s/ [ILLEGIBLE]
------------------------
Name:
Title:
<Page>
SIGNATURE PAGE TO THE AMENDMENT AND
RESTATEMENT AGREEMENT, DATED AS OF FEBRUARY
21, 2003,
_____________
Canadian Imperial Bank of Commerce
– BANK (SUCCESSOR TO THE CHASE
MANHATTAN BANK), AS ADMINISTRATIVE AGENT,
AND GOLDMAN SACHS CREDIT PARTNERS L.P., AS
SYNDICATION AGENT.
Name of Institution:
Canadian Imperial Bank of Commerce
-----------------------------------
by
/s/ WILLIAM M. SWENSON
------------------------
Name: WILLIAM M. SWENSON
Title: AUTHORIZED SIGNATORY
<Page>
SIGNATURE PAGE TO THE AMENDMENT AND
RESTATEMENT
_____________
Canadian Imperial Bank of Commerce
– BANK (SUCCESSOR TO THE CHASE
MANHATTAN BANK), AS ADMINISTRATIVE AGENT,
AND GOLDMAN SACHS CREDIT PARTNERS L.P., AS
SYNDICATION AGENT.
Name of Institution:
Canadian Imperial Bank of Commerce
-----------------------------------
by
/s/ WILLIAM M. SWENSON
------------------------
Name: WILLIAM M. SWENSON
Title: AUTHORIZED SIGNATORY
<Page>
SIGNATURE PAGE TO THE AMENDMENT AND
RESTATEMENT
_____________
Canadian Imperial Bank of Commerce
– BANK (SUCCESSOR TO THE CHASE
MANHATTAN BANK), AS ADMINISTRATIVE AGENT,
AND GOLDMAN SACHS CREDIT PARTNERS L.P., AS
SYNDICATION AGENT.
Name of Institution:
Canadian Imperial Bank of Commerce
-----------------------------------
by
/s/ WILLIAM M. SWENSON
------------------------
Name: WILLIAM M. SWENSON
Title: AUTHORIZED SIGNATORY
<Page>
SIGNATURE PAGE TO THE AMENDMENT AND
RESTATEMENT
_____________
Canadian Imperial Bank of Commerce
– BANK (SUCCESSOR TO THE CHASE
MANHATTAN BANK), AS ADMINISTRATIVE AGENT,
AND GOLDMAN SACHS CREDIT PARTNERS L.P., AS
SYNDICATION AGENT.
Name of Institution:
Canadian Imperial Bank of Commerce
-----------------------------------
by
/s/ WILLIAM M. SWENSON
------------------------
Name: WILLIAM M. SWENSON
Title: AUTHORIZED SIGNATORY
<Page>
SIGNATURE PAGE TO THE AMENDMENT AND
RESTATEMENT
_____________
dt 243718
;
More... |
Preview
Full Doc
| 2003 |
Asset Purchase Agreement
Asset Purchase Agreement (289K)
Doc #101508: Click preview link for longer preview.
ASSET PURCHASE AGREEMENT
AMONG
NATURAL SODA AALA, INC.,
AMERALIA, INC.,
WHITE RIVER NAHCOLITE
MINERALS LTD. LIABILITY CO.
AND
IMC GLOBAL INC.
DATED AS OF JANUARY 9, 2003
================================================================================
{PAGE}
TABLE OF CONTENTS
{Table}
{Caption}
Page
----
{S} {C} {C}
ARTICLE I DEFINITIONS AND TERMS
Section 1.1 Certain Definitions.......................................................................1
Section 1.2 Other Terms..............................................................................12
Section 1.3 Other Definitional Provisions............................................................12
ARTICLE II PURCHASE AND SALE OF ASSETS AND ASSUMPTION OF LIABILITIES
Section 2.1 Assets to be Purchased...................................................................12
Section 2.2 Excluded Assets..........................................................................14
Section 2.3 Assumed Liabilities......................................................................15
Section 2.4 Excluded Liabilities.....................................................................17
Section 2.5 Purchase Price; Purchase Price Adjustment................................................18
Section 2.6 Allocation of the Purchase Price; Tax Treatment of Adjustments and
Indemnifications.........................................................................................20
Section 2.7 Closings; Delivery and Payment...........................................................21
Section 2.8 Deliveries by Seller and Parent..........................................................21
Section 2.9 Deliveries by Buyer and AmerAlia.........................................................22
Section 2.10 Arrangement Regarding Outstanding Consents...............................................23
Section 2.11 Transfer Taxes...........................................................................24
ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER AND PARENT
Section 3.1 Organization of Seller...................................................................24
Section 3.2 Authority of Seller and Parent; Binding Effect...........................................25
Section 3.3 Non-Contravention........................................................................25
Section 3.4 Consents and Approvals...................................................................26
{/Table}
i
{PAGE}
{Table}
{Caption}
Page
----
{S} {C} {C}
Section 3.5 Financial Information....................................................................26
Section 3.6 Absence of Undisclosed Liabilities.......................................................26
Section 3.7 Absence of Certain Changes or Events.....................................................27
Section 3.8 Litigation and Claims....................................................................27
Section 3.9 Compliance with Laws.....................................................................27
Section 3.10 Environmental Matters....................................................................28
Section 3.11 Material Contracts.......................................................................30
Section 3.12 Intellectual Property....................................................................31
Section 3.13 Taxes....................................................................................32
Section 3.14 Employee Benefit Plans...................................................................33
Section 3.15 Labor Relations and Employment...........................................................35
Section 3.16 Real Property; Personal Property; Sufficiency of Assets..................................36
Section 3.17 Insurance................................................................................37
Section 3.18 Books and Records........................................................................37
Section 3.19 Brokers, Finders Fees....................................................................37
Section 3.20 Bonds....................................................................................37
Section 3.21 No Other Commitments.....................................................................38
Section 3.22 Transactions with Affiliates.............................................................38
Section 3.23 Foreign Sales............................................................................38
Section 3.24 Solvency of Seller.......................................................................38
Section 3.25 Warranty Agreements; Warranty Claims.....................................................38
Section 3.26 Product Sales Orders.....................................................................39
Section 3.27 No Other Representations or Warranties...................................................39
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER AND AMERALIA
Section 4.1 Organization of Buyer and AmerAlia.......................................................39
{/Table}
ii
{PAGE}
{Table}
{Caption}
Page
----
{S} {C} {C}
Section 4.2 Authority of Buyer and AmerAlia; Binding Effect..........................................40
Section 4.3 Non-Contravention........................................................................40
Section 4.4 Consents and Approvals...................................................................41
Section 4.5 Financial Capability.....................................................................41
Section 4.6 Litigation and Claims....................................................................41
Section 4.7 Compliance with Laws.....................................................................42
Section 4.8 Solvency of Buyer........................................................................42
Section 4.9 Brokers, Finders Fees....................................................................42
Section 4.10 No Other Representations or Warranties...................................................42
ARTICLE V COVENANTS
Section 5.1 Access and Investigation.................................................................42
Section 5.2 Conduct of Business......................................................................44
Section 5.3 Posting of Guaranty or other Security....................................................46
Section 5.4 Title Defects Identified in Title Insurance Commitments..................................46
Section 5.5 Further Assurances.......................................................................46
Section 5.6 Employee Matters.........................................................................48
Section 5.7 Post-Closing Cooperation; Filing of Tax Returns..........................................51
Section 5.8 Books and Records of the Business Post Closing...........................................52
Section 5.9 Customers and Other Business Relationships...............................................53
Section 5.10 Removing Excluded Assets.................................................................53
Section 5.11 No Negotiation...........................................................................53
Section 5.12 Certain Transactions.....................................................................53
Section 5.13 Notice of Breach.........................................................................54
Section 5.14 Nonsolicitation..........................................................................54
Section 5.15 Announcements............................................................................55
{/Table}
iii
{PAGE}
{Table}
{Caption}
Page
----
{S} {C} {C}
Section 5.16 Confidential Information.................................................................55
Section 5.17 Change of Name; Removal of References to White River Name................................56
Section 5.18 Recordable Intellectual Property Assignments.............................................56
Section 5.19 Distribution Agreement...................................................................57
Section 5.20 Updated Financial Statements.............................................................57
Section 5.21 UIC Permit Transfer......................................................................57
Section 5.22 UIC Permit Revocation and Reissuance.....................................................57
Section 5.23 Extension or Renewal of Certain Contracts................................................57
Section 5.24 Cooperation in Obtaining Certain Governmental Authorizations.............................58
Section 5.25 Consents to Assignment...................................................................58
Section 5.26 Sale of Water Rights.....................................................................58
ARTICLE VI CONDITIONS TO CLOSING
Section 6.1 Conditions to the Obligations of Buyer and Seller........................................59
Section 6.2 Conditions to the Obligations of Buyer...................................................59
Section 6.3 Conditions to the Obligations of Seller..................................................60
Section 6.4 Frustration of Closing Conditions........................................................60
ARTICLE VII SURVIVAL AND INDEMNIFICATION
Section 7.1 Survival.................................................................................61
Section 7.2 Indemnification by Buyer and AmerAlia....................................................61
Section 7.3 Indemnification by Seller and Parent relating to Matters other than UIC NOV's or
EPA's Failure to Transfer the UIC Permit.................................................................63
Section 7.4 Indemnification by Seller and Parent for UIC NOV's.......................................64
Section 7.5 EPA Failure to Transfer the UIC Permit...................................................64
Section 7.6 Indemnification Procedures...............................................................65
Section 7.7 Computation of Losses Subject to Indemnification.........................................67
Section 7.8 Certain Other Matters....................................................................67
{/Table}
iv
{PAGE}
{Table}
{Caption}
Page
----
{S} {C} {C}
ARTICLE VIII TERMINATION
Section 8.1 Termination..............................................................................68
Section 8.2 Effect of Termination....................................................................69
ARTICLE IX RESCISSION
Section 9.1 Failure to Transfer UIC Permit...........................................................69
Section 9.2 Rescission...............................................................................70
Section 9.3 Estimated Rescission Adjustment Amount; Dispute Resolution; Payment......................70
Section 9.4 Rescission Closing.......................................................................72
Section 9.5 Documents................................................................................72
Section 9.6 Representations and Warranties of Buyer and AmerAlia.....................................72
Section 9.7 Covenants of Buyer and AmerAlia..........................................................72
Section 9.8 Conduct of Business......................................................................73
Section 9.9 Consents; Posting of Guaranty or Other Security..........................................75
Section 9.10 Arrangements Regarding Outstanding Consents..............................................75
Section 9.11 Indentures and Credit Restrictions.......................................................76
Section 9.12 Further Assurances.......................................................................77
Section 9.13 Intent and Interpretation................................................................77
ARTICLE X MISCELLANEOUS
Section 10.1 Notices..................................................................................78
Section 10.2 Amendment; Waiver........................................................................79
Section 10.3 Assignment...............................................................................79
Section 10.4 Risk of Loss.............................................................................80
Section 10.5 Entire Agreement.........................................................................80
Section 10.6 Expenses.................................................................................80
Section 10.7 GOVERNING LAW............................................................................81
{/Table}
v
{PAGE}
{Table}
{Caption}
Page
----
{S} {C} {C}
Section 10.8 Severability.............................................................................81
Section 10.9 Counterparts.............................................................................81
Section 10.10 Interpretation...........................................................................81
{/Table}
vi
{PAGE}
LIST OF EXHIBITS
{Table}
{Caption}
Section First
Exhibit Title Referenced
------- ----- -------------
{S} {C} {C}
Exhibit A Form of Bill of Sale Section 2.8(a)
Exhibit B Form of Deeds and Conveyance Documents of Owned Real Section 2.8(b)
Property
Exhibit C Form of Assignment and Assumption of Leased Real Section 2.8(b)
Property
Exhibit D Form of Assignment of Business Intellectual Property Section 2.8(c)
Exhibit E Form of Sublease Agreement for Railway Hopper Cars Section 2.8(g)
Exhibit F Form of Transition Services Agreement Section 2.8(h)
Exhibit G Form of Instrument of Assumption Section 2.9(b)
{/Table}
vii
{PAGE}
CONFIDENTIAL DRAFT
ASSET PURCHASE AGREEMENT dated as of January 9, 2003, by and among
Natural Soda AALA, Inc., a Colorado corporation ("Buyer") and AmerAlia, Inc., a
Utah corporation ("AmerAlia"), on the one hand, and White River Nahcolite
Minerals Ltd. Liability Co., a Colorado limited liability company ("Seller") and
IMC Global Inc., a Delaware corporation and the indirect beneficial owner of all
of the outstanding equity interests in Seller ("Parent"), on the other hand.
WITNESSETH:
WHEREAS, Seller owns and operates the Business (as hereinafter
defined);
WHEREAS, Seller is an indirect wholly-owned Subsidiary of
Parent;
WHEREAS, on the terms and subject to the conditions set forth
herein, Seller desires to sell to Buyer, and Buyer desires to purchase from
Seller, substantially all of the assets and rights of the Business (other than
those specifically excluded as described in this Agreement), and to assume
substantially all the liabilities relating thereto (other than those
specifically excluded as described in this Agreement);
WHEREAS, AmerAlia currently is the direct beneficial owner of
all of the outstanding stock of Natural Soda, Inc., which owns all of the
outstanding equity interests in Buyer, and at the time of Closing AmerAlia will
own a majority of the outstanding voting stock of Natural Soda, Inc.
NOW, THEREFORE, in consideration of the mutual covenants and
undertakings contained herein, and subject to and on the terms and conditions
herein set forth, the parties hereto intending to be legally bound agree as
follows:
ARTICLE I
DEFINITIONS AND TERMS
Section 1.1 Certain Definitions. As used in this Agreement,
the following terms shall have the meanings set forth or as referenced below:
"Action" shall mean any claim, cause of action, suit,
proceeding or chose in action brought before any Governmental Authority or
arbitrator by any Person who is not a party to this Agreement and is not an
Affiliate of Seller or Buyer.
"Adjustment Amount" shall have the meaning set forth in
Section 2.5(c)(i).
{PAGE}
"Adjustment Auditor" shall have the meaning set forth in
Section 2.5(c)(ii).
"Affiliate" shall mean, with respect to any Person, any other
Person directly or indirectly controlling, controlled by, or under common
control with, such Person at anytime during the period for which the
determination of affiliation is being made.
"Agreement" shall mean this Agreement, together with the
Seller Disclosure Letter, the Buyer Disclosure Letter and all exhibits and
schedules, as the same may be amended or supplemented from time to time in
accordance with the terms hereof.
"Allocation" shall have the meaning set forth in Section
2.6(a).
"Appraiser" shall have the meaning set forth in Section
6.3(d).
"Approval of Equityholders" shall have the meaning set forth
101508
|
IMC Global
As referenced in this Asset Purchase Agreement:
IMC GLOBAL – AMONG
NATURAL SODA AALA, INC.,
AMERALIA, INC.,
WHITE RIVER NAHCOLITE
MINERALS LTD. LIABILITY CO.
AND
IMC GLOBAL INC.
DATED AS OF JANUARY 9, 2003
================================================================================
{PAGE}
TABLE OF CONTENTS
{Table}
{Caption}
Page
----
{S} {
IMC Global – and White River Nahcolite
Minerals Ltd. Liability Co., a Colorado limited liability company ("Seller") and
IMC Global Inc., a Delaware corporation and the indirect beneficial owner of all
of the outstanding equity
IMC Global – such
person:
To Seller and Parent:
White River Nahcolite Minerals Ltd. Liability Co.
c/o IMC Global Inc.
100 South Saunders Road
Suite 300
Lake Forest, IL 60045
Attention: Peter Maples
Telephone:
IMC Global – 739-1200
Telecopy: 847-739-1678
E-mail address: plmaples@imcglobal.com
with copies to:
IMC Global Inc.
100 South Saunders Road
Suite 300
Lake Forest, IL 60045
Attention: General Counsel
Telephone:
IMC GLOBAL – Chairman
WHITE RIVER NAHCOLITE MINERALS LTD.
LIABILITY CO.
By:
--------------------------------------
Name: John F. Tancredi
Title: President
IMC GLOBAL INC.
By:
--------------------------------------
Name: J. Reid Porter
Title: Executive Vice President and
Chief Financial Officer
83
dt 21779
;
AmerAlia
As referenced in this Asset Purchase Agreement:
AMERALIA, – 99.1
{SEQUENCE}3
{PAGE}
EXECUTION COPY
================================================================================
ASSET PURCHASE AGREEMENT
AMONG
NATURAL SODA AALA, INC.,
AMERALIA, INC.,
WHITE RIVER NAHCOLITE
MINERALS LTD. LIABILITY CO.
AND
IMC GLOBAL INC.
DATED AS
AmerAlia. – 2.8 Deliveries by Seller and Parent..........................................................21
Section 2.9 Deliveries by Buyer and AmerAlia. ........................................................22
Section 2.10 Arrangement Regarding Outstanding Consents...............................................23
Section 2.11 Transfer Taxes...........................................................................
AMERALIA
– 27 No Other Representations or Warranties...................................................39
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER AND AMERALIA
Section 4.1 Organization of Buyer and AmerAlia.......................................................39
{/Table}
ii
{PAGE}
{Table}
{Caption}
AmerAlia. – IV REPRESENTATIONS AND WARRANTIES OF BUYER AND AMERALIA
Section 4.1 Organization of Buyer and AmerAlia. ......................................................39
{/Table}
ii
{PAGE}
{Table}
{Caption}
Page
----
{S} {C} {C}
Section 4.2 Authority
AmerAlia; – ii
{PAGE}
{Table}
{Caption}
Page
----
{S} {C} {C}
Section 4.2 Authority of Buyer and AmerAlia; Binding Effect..........................................40
Section 4.3 Non-Contravention........................................................................40
Section 4.4 Consents and
dt 27265
;
JPMorgan Chase
As referenced in this Asset Purchase Agreement:
JPMorgan Chase – of this Agreement, or that certain Credit Agreement, dated as of May 17,
2001, with JPMorgan Chase Bank, Goldman Sachs Credit Partners L.P. and various
other lenders party thereto, as amended
dt 45609
;
|
Holland & Hart
As referenced in this Asset Purchase Agreement:
Holland & Hart – 876-2373
Telecopy: 720-876-2374
E-mail address: billhgunn@aol.com
with copies to:
Holland & Hart LLP
555 Seventeenth Street, Suite 3200
Denver, CO 80202
Attention: Jeanine Feriancek, Esq.
Telephone: 303-
dt 37336
;
Skadden
As referenced in this Asset Purchase Agreement:
Skadden, – Forest, IL 60045
Attention: General Counsel
Telephone: 847-739-1200
Telecopy: 847-739-1606
and:
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, New York 10036
Attention:
@skadden. – F. Arcano, Esq.
Telephone: 212-735-3000
Telecopy: 212-735-2000
E-mail address: sarcano@skadden. com
78
{PAGE}
To Buyer and AmerAlia:
Natural Soda AALA, Inc.
c/o AmerAlia, Inc.
dt 34098
|
Preview
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| 2001 |
Bylaws
Bylaws (32K)
Doc #226904: Click preview link for longer preview.
BY-LAWS
-of-
CAREY SALT COMPANY
(herein called the "Corporation")
-ooOoo-
ARTICLE I
STOCKHOLDERS
SECTION 1.01. ANNUAL MEETING. The Board of Directors by resolution
shall designate the time, place and date (which shall be, in the case of the
first annual meeting, not more than 13 months after the organization of . . .
226904
| | |
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| 2001 |
Bylaws
Bylaws (26K)
Doc #226905: Click preview link for longer preview.
As Adopted on December 30, 1996
FMRP INC.
BY-LAWS
ARTICLE I
NAME
The name of the corporation is FMRP Inc.
ARTICLE II
OFFICES
1. The location of the registered office of the corporation in the
State of Delaware is 1209 Orange Street, City of Wilmington, County of New
Castle, and the name of its registered agent at such address is The
Corporation Trust Company. . . .
226905
| | |
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Bylaws
Bylaws (30K)
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BY-LAWS
-of-
GSL CORPORATION
(herein called the "Corporation")
-oo0oo-
ARTICLE I
STOCKHOLDERS
SECTION 1.01. ANNUAL MEETING. The Board of Directors by resolution
shall designate the time, place and date (which shall be, in the case of the
first annual meeting, not more than 13 months after the organization of . . .
226906
| | |
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Bylaws
Bylaws (29K)
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BYLAWS
of
HARRIS CHEMICAL NORTH AMERICA INC.
(herein called the "Corporation")
oo0oo
ARTICLE I
STOCKHOLDERS
SECTION 1.01 ANNUAL MEETING. The Board of Directors by resolution
shall designate the time, place and date (which shall be, in the case of the
first annual meeting, not more than 13 months after the organization of . . .
226907
| | |
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Bylaw
Bylaw (64K)
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IMC KALIUM CANADA LTD.
BY-LAW
A by-law respecting the granting of
patronage dividends to customers of the
Corporation
BE IT ENACTED as a by-law of the Corporation as follows:
1. The Corporation does hereby hold out to its customers who are
members of the Corporation the prospect that amounts may be
credited to them computed at a rate, to be determined by the
. . .
226908
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Bylaws
Bylaws (31K)
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BY-LAWS
-of -
NORTH AMERICAN CHEMICAL COMPANY
(herein called the "Corporation")
ARTICLE I
STOCKHOLDERS
SECTION 1.01. ANNUAL MEETING. The Board of Directors by resolution shall
designate the time, place and date (which shall be, in the case of the first
annual meeting, not more than 13 months after the organization of the
Corporation and, in the case of all other annual . . .
226909
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Bylaws
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AS AMENDED 7/9/90
IMC FERTILIZER, INC.
BY-LAWS
ARTICLE I - STOCKHOLDERS
SECTION 1. ANNUAL MEETING.
An annual meeting of the stockholders, for the election of directors to
succeed those whose terms expire and for the transaction of such other business
as may properly come before the meeting, shall be held at such place, on such
date, and at such time as the Board of Directors shall each year fix, . . .
226910
|
IMC Global
As referenced in this Bylaws:
;IMC GLOBAL – II(H)
<SEQUENCE>28
<FILENAME>a2062146zex-3_iih.txt
<DESCRIPTION>;IMC GLOBAL OPERATIONS BYLAWS
<TEXT>
<Page>
Exhibit 3.ii(h)
AS AMENDED 7/
dt 58158
| |
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AMENDED AND
RESTATED AS OF 4/30/96
BY-LAWS
-of-
HARRIS CHEMICAL GROUP INC.
n/k/a/ IMC Inorganic Chemicals Inc.
(herein called the "Corporation")
-oo0oo-
ARTICLE I
STOCKHOLDERS
. . .
226911
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Bylaws
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BY-LAWS
-of-
GREAT SALT LAKE CHEMICAL & MINERALS CORPORATION
(herein called the "Corporation")
-ooOoo-
ARTICLE I
STOCKHOLDERS
SECTION 1.01. ANNUAL MEETING. The Board of Directors by resolution
shall designate the time, place and date (which shall be, in the case of the
first annual meeting, not more than 13 months after the . . .
226912
| | |
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Bylaws
Bylaws (46K)
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226913
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| 2001 |
Bylaws
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BY-LAWS
-of-
AMERICAN SALT COMPANY
(herein called the "Corporation")
-oo0oo-
ARTICLE I
STOCKHOLDERS
SECTION 1.01. ANNUAL MEETING. The Board of Directors by resolution
shall designate the time, place and date (which shall be, in the case of the
first annual meeting, not more than 13 months after the organization of . . .
226914
| | |
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Full Doc
| 2001 |
Bylaws
Bylaws (39K)
Doc #226915: Click preview link for longer preview.
*Name amended on October 26, 1987 to S & P U.S., Inc.
**Name amended on March 7, 1988 to Kalium Chemicals, Ltd.
***Name amended on September 19, 1996, to IMC Kalium Ltd.
****Name amended on June 26, 2000 to IMC USA Inc.
BY-LAWS OF
*
S&P CANADA, INC.**
***
****
ARTICLE I
OFFICES
. . .
226915
|
IMC Global
As referenced in this Bylaws:
IMC
Global – shall be held on a day
to coincide with the annual meeting of stockholders of IMC
Global Inc., unless the board of directors, not less than ten
(10) days prior to such
dt 58159
| |
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| 2001 |
Bylaws
Bylaws (38K)
Doc #226916: Click preview link for longer preview.
*Name amended on October 26, 1987 to KCL Holdings, Inc.
BY-LAWS OF
S&P U.S., INC.*
ARTICLE I
OFFICES
SECTION 1. REGISTERED OFFICE. The registered office shall be in the
City of Dover, County of Kent, State of Delaware.
SECTION 2. OTHER OFFICE. The corporation may also have offices at
such other places both within and without the State of Delaware as the board
of directors may from time to time determine or the . . .
226916
| | |
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| 2001 |
Bylaws
Bylaws (31K)
Doc #226917: Click preview link for longer preview.
BY-LAWS
-of-
NAMSCO INC.
(herein called the "Corporation")
-oo0oo-
ARTICLE I
STOCKHOLDERS
SECTION 1.01. ANNUAL MEETING. The Board of Directors by resolution
shall designate the time, place and date (which shall be, in the case of the
first annual meeting, not more than 13 months after the organization of . . .
226917
| | |
Preview
Full Doc
| 2003 |
Bylaws
Bylaws (39K)
Doc #382954: Click preview link for longer preview.
* Name amended on October 26, 1987 to S & P U.S., Inc.
** Name amended on March 7, 1988 to Kalium Chemicals, Ltd.
*** Name amended on Sept. 19, 1996 to IMC Kalium Ltd.
*** Name amended on June 26, 2000 to IMC USA Inc.
*** Name amended on Nov. 20, 2001 to IMC USA Holdings Inc.
BY-LAWS OF
S&P CANADA, INC.***
ARTICLE I
OFFICES
SECTION 1. REGISTERED OFFICE. The registered office shall be in the
City of Dover, County of . . .
382954
|
IMC Global
As referenced in this Bylaws:
IMC Global – directors and for the transaction of such other
business as may come before the meeting shall be held on a
day to coincide with the annual meeting of stockholders of
IMC Global Inc., unless the board of directors, not less
than ten (10) days prior to such fixed meeting date,
designates another date for such annual meeting, in which
event the annual
_____________
dt 1021233
;
| |
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| 2001 |
Bylaws
Bylaws (32K)
Doc #382986: Click preview link for longer preview.
AS AMENDED 7/9/90
IMC FERTILIZER, INC.
BY-LAWS
ARTICLE I - STOCKHOLDERS
SECTION 1. ANNUAL MEETING.
An annual meeting of the stockholders, for the election of directors to
succeed those whose terms expire and for the transaction of such other business
as may properly come before the meeting, shall be held at such place, on such
date, and at such time as the Board of Directors shall each year fix, . . .
382986
|
IMC Global
As referenced in this Bylaws:
}IMC GLOBAL – {DOCUMENT}
{TYPE}EX-3.II(H)
{SEQUENCE}28
{FILENAME}a2062146zex-3_iih.txt
{DESCRIPTION}IMC GLOBAL OPERATIONS BYLAWS
{TEXT}
{Page}
Exhibit 3.ii(h)
AS AMENDED 7/9/90
IMC FERTILIZER, INC.
BY-LAWS
ARTICLE I - STOCKHOLDERS
SECTION 1. ANNUAL MEETING.
An annual meeting of the
_____________
dt 1021248
;
| |
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| 2001 |
Bylaws
Bylaws (39K)
Doc #382991: Click preview link for longer preview.
*Name amended on October 26, 1987 to S & P U.S., Inc.
**Name amended on March 7, 1988 to Kalium Chemicals, Ltd.
***Name amended on September 19, 1996, to IMC Kalium Ltd.
****Name amended on June 26, 2000 to IMC USA Inc.
BY-LAWS OF
*
S&P CANADA, INC.**
***
****
ARTICLE I
OFFICES
SECTION 1. . . .
382991
|
IMC Global
As referenced in this Bylaws:
IMC
Global – directors and for the transaction of such other
business as may come before the meeting shall be held on a day
to coincide with the annual meeting of stockholders of IMC
Global Inc., unless the board of directors, not less than ten
(10) days prior to such fixed meeting date, designates another
date for such annual meeting, in which event the annual
_____________
dt 1021249
;
| |
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| 2001 |
Bylaws
Bylaws (32K)
Doc #383030: Click preview link for longer preview.
AS AMENDED 7/9/90
IMC FERTILIZER, INC.
BY-LAWS
ARTICLE I - STOCKHOLDERS
SECTION 1. ANNUAL MEETING.
An annual meeting of the stockholders, for the election of directors to
succeed those whose terms expire and for the transaction of such other business
as may properly come before the meeting, shall be held at such place, on such
date, and at such time as the Board of Directors shall each year fix, . . .
383030
|
IMC Global
As referenced in this Bylaws:
}IMC GLOBAL – {DOCUMENT}
{TYPE}EX-3.II(H)
{SEQUENCE}28
{FILENAME}a2062146zex-3_iih.txt
{DESCRIPTION}IMC GLOBAL OPERATIONS BYLAWS
{TEXT}
{Page}
Exhibit 3.ii(h)
AS AMENDED 7/9/90
IMC FERTILIZER, INC.
BY-LAWS
ARTICLE I - STOCKHOLDERS
SECTION 1. ANNUAL MEETING.
An annual meeting of the
_____________
dt 1021269
;
| |
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| 2001 |
Bylaws
Bylaws (39K)
Doc #383035: Click preview link for longer preview.
*Name amended on October 26, 1987 to S & P U.S., Inc.
**Name amended on March 7, 1988 to Kalium Chemicals, Ltd.
***Name amended on September 19, 1996, to IMC Kalium Ltd.
****Name amended on June 26, 2000 to IMC USA Inc.
BY-LAWS OF
*
S&P CANADA, INC.**
***
****
ARTICLE I
OFFICES
SECTION 1. . . .
383035
|
IMC Global
As referenced in this Bylaws:
IMC
Global – directors and for the transaction of such other
business as may come before the meeting shall be held on a day
to coincide with the annual meeting of stockholders of IMC
Global Inc., unless the board of directors, not less than ten
(10) days prior to such fixed meeting date, designates another
date for such annual meeting, in which event the annual
_____________
dt 1021270
;
| |
Preview
Full Doc
| 2003 |
Memorandum of Association
Memorandum of Association (86K)
Doc #226764: Click preview link for longer preview.
<DOCUMENT>
<TYPE>EX-3.I-C
<SEQUENCE>5
<FILENAME>a2097117zex-3_ic.txt
<DESCRIPTION>EXHIBIT 3.I.C
<TEXT>
<Page>
EXHIBIT 3.i.(c)
MEMORANDUM
AND
ARTICLES OF ASSOCIATION
OF
IMC POTASH COLONSAY ULC
STEWART McKELVEY STIRLING SCALES
BARRISTERS & SOLICITORS
HALIFAX, NOVA SCOTIA
<Page>
MEMORANDUM OF ASSOCIATION
OF
IMC POTASH COLONSAY ULC
1. The name of the Company is IMC POTASH COLONSAY ULC.
2. There are no restrictions on the objects and powers of the Company and
the Company shall expressly have the following powers:
(1) to sell or dispose of its undertaking, or a substantial part
thereof;
(2) to distribute any of its property IN SPECIE among its members; and
(3) to amalgamate with any company or other body of persons.
3. The liability of the members is unlimited.
I, the undersigned, whose name, address and occupation are subscribed, am
desirous of being formed into a company in pursuance of this Memorandum of
Association, and I agree to take the number and kind of shares in the capital
stock of the Company written opposite my name.
/s/ Maurice P. Chiasson
--------------------------------------------------
Name of Subscriber: MAURICE P. CHIASSON
900-1959 UPPER WATER STREET, HALIFAX, NS B3J 2X2
Occupation: SOLICITOR
Number of shares subscribed: ONE COMMON SHARE
TOTAL SHARES TAKEN: one common share
Dated this 20th day of December, 2001.
Witness to above signature: /s/ Cindy Hunter
--------------------------------------------------
Name of Witness: CINDY HUNTER
900-1959 UPPER WATER STREET, HALIFAX, NS B3J 2X2
Occupation: LEGAL ASSISTANT
<Page>
ARTICLES OF ASSOCIATION
OF
IMC POTASH COLONSAY ULC
INTERPRETATION
1. In these Articles, unless there be something in the subject or context
inconsistent therewith:
(1) "Act" means the COMPANIES ACT (Nova Scotia);
(2) "Articles" means these Articles of Association of the Company and
all amendments hereto;
(3) "Company" means the company named above;
(4) "director" means a director of the Company;
(5) "Memorandum" means the Memorandum of Association of the Company
and all amendments thereto;
(6) "month" means calendar month;
(7) "Office" means the registered office of the Company;
(8) "person" includes a body corporate;
(9) "proxyholder" includes an alternate proxyholder;
(10) "Register" means the register of members kept pursuant to the Act,
and where the context permits includes a branch register of
members;
(11) "Registrar" means the Registrar as defined in the Act;
(12) "Secretary" includes any person appointed to perform the duties of
the Secretary temporarily;
(13) "shareholder" means member as that term is used in the Act in
connection with an unlimited company having share capital and as
that term is used in the Memorandum;
(14) "special resolution" has the meaning assigned by the Act;
(15) "in writing" and "written" includes printing, lithography and
other modes of representing or reproducing words in visible form;
(16) words importing number or gender include all numbers and genders
unless the context otherwise requires.
<Page>
- 2 -
2. The regulations in Table A in the First Schedule to the Act shall not
apply to the Company.
3. The directors may enter into and carry into effect or adopt and carry
into effect any agreement made by the promoters of the Company on behalf
of the Company and may agree to any modification in the terms of any such
agreement, either before or after its execution.
4. The directors may, out of the funds of the Company, pay all expenses
incurred for the incorporation and organization of the Company.
5. The Company may commence business on the day following incorporation or
so soon thereafter as the directors think fit, notwithstanding that part
only of the shares has been allotted.
226764
| | IMC Potash Colonsay ULC
|
| Full Doc
| 2003 |
Certificate of Formation [Certificate of Amendment]
Certificate of Formation [Certificate of Amendment] (14K)
Doc #226762: This document is immediately available for purchase, but does not have a preview available for viewing.
<DOCUMENT>
<TYPE>EX-3.I-A
<SEQUENCE>3
<FILENAME>a2097117zex-3_ia.txt
<DESCRIPTION>EXHIBIT 3.I.A
<TEXT>
<Page>
EXHIBIT 3.i.(a)
CERTIFICATE OF AMENDMENT
OF
CERTIFICATE OF FORMATION
OF
HARRIS CHEMICAL NORTH AMERICA LLC
*****
1. The name of the limited liability company is Harris Chemical North America
LLC.
2. That the Certificate of Formation of the limited liability company is
hereby amended by deleting Article 1 in its entirety and substituting in
lieu thereof a new Article 1 to read in its entirety as follows:
"1. NAME:
The name of the limited liability company is IMC Chemical
North America LLC (the "Company")."
IN WITNESS WHEREOF, the undersigned has executed this Certificate of
Amendment of Certificate of Formation of Harris Chemical North America LLC this
28 day of JUNE, 2002.
HARRIS CHEMICAL NORTH AMERICA LLC
By: /s/ Rose Marie Williams
-----------------------------
Rose Marie Williams
Secretary
[SEAL]
<Page>
[SEAL]
HARRIS CHEMICAL NORTH AMERICA, INC.
CERTIFICATE OF CONVERSION
FROM A CORPORATION TO A LIMITED LIABILITY COMPANY
PURSUANT TO SECTION 266 OF THE DELAWARE GENERAL
CORPORATION LAW
1. The name of the corporation is Harris Chemical North America, Inc.
2. The name under which the corporation was originally incorporated is Harris
Chemical North America Inc.
3. The date on which the original Certificate of Incorporation was filed with
the Secretary of State is July 20, 1993.
4. The name of the limited liability company into which the corporation is
herein being converted is Harris Chemical North America LLC.
5. The conversion has been approved in accordance with the provisions of
Section 266 of the Corporation Law of the State of Delaware.
By: /s/ Rose Marie Williams
------------------------------
Name: Rose Marie Williams
----------------------------
Its: Secretary
-----------------------------
<Page>
[SEAL]
CERTIFICATE OF FORMATION
OF
HARRIS CHEMICAL NORTH AMERICA LLC
This Certificate of Formation is being executed as of November 21,
2001, for the purpose of forming a limited liability company pursuant to the
Delaware Limited Liability Company Act, 6 Del. C. Sections 18-101, et seq.
The undersigned, being duly authorized to execute and file this
Certificate, does hereby certify as follows:
1. NAME. The name of the limited liability company is Harris
Chemical North America LLC (the "Company").
2. REGISTERED OFFICE AND REGISTERED AGENT. The Company's registered
office in the State of Delaware is located at 1209 Orange Street, City of
Wilmington, New Castle County, Delaware 19801. The registered agent of the
Company for service of process at such address is The Corporation Trust
Company.
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate
of Formation as of the day and year first above written.
By: /s/ Rose Marie Williams
------------------------------
Name: Rose Marie Williams
---------------------------
Its: Authorized Person
<Page>
AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT
OF
HARRIS CHEMICAL NORTH AMERICA LLC
This AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this
"AGREEMENT") of HARRIS CHEMICAL NORTH AMERICA LLC, a Delaware limited liability
company (the "COMPANY"), is made as of November 27, 2001 (the "EFFECTIVE DATE"),
by IMC USA Holdings Inc., a Delaware corporation ("IMC USA").
WHEREAS, IMC Inorganic Chemicals Inc., a Delaware corporation
("INORGANIC"), had duly adopted the Limited Liability Company Agreement, as of
November 26, 2001, of Harris Chemical North America LLC, a Delaware limited
liability company; and
WHEREAS, IMC USA has indirectly acquired all of the membership
interests of the Company from Inorganic.
NOW, THEREFORE, IMC USA hereby duly adopts this Agreement pursuant to
and in accordance with the Delaware Limited Liability Company Act (6 Del. C.
Section 18-101, et seq.), as amended from time to time (the "ACT"), and hereby
agrees as follows:
1. NAME; CERTIFICATE OF FORMATION. The name of the limited liability
company is Harris Chemical North America LLC. The Certificate of Formation of
226762
| | |
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| 2001 |
Certificate of Amalgamation
Certificate of Amalgamation (29K)
Doc #226889: Click preview link for longer preview.
<DOCUMENT>
<TYPE>EX-3.I(G)
<SEQUENCE>7
<FILENAME>a2062146zex-3_ig.txt
<DESCRIPTION>ART. OF AMAL. IMC CANADA
<TEXT>
<Page>
Exhibit 3.i(g)
[LETTERHEAD]
CERTIFICATE OF AMALGAMATION CERTIFICAT DE FUSION
CANADA BUSINESS LOI REGISSANT LES SOCIETES
CORPORATIONS ACT PAR ACTIONS DE REGIME FEDERAL
-------------------------------------------------------------------------------
KALIUM CANADA, LTD.
291680-1
Name of Corporation - Denomination de la societe Number - Numero
I hereby certify that the above- Je certifie par les presentes que
mentioned Corporation resulted from la societe mentionnee ci-haut
the amalgamation of the following resulte de la fusion des societes
Corporations under Section 185 of ci-dessous, en vertu de l'article
the Canada Busines Corporations 185 de la Loi regissant les
Act, as set out in the attached societes par actions de regime
articles of Amalgamation. federal, tel qu'indique dan les
statuts de fusion ci-joints.
Le directeur
[ILLEGIBLE] April 30, 1993/le 30 avril 1993
Director Date of Amalgamation - Date de fusion
-------------------------------------------------------------------------------
<Page>
CANADA BUSINESS LOI SUR LES SOCIETES
CORPORATIONS ACT COMMERCIALES CANADIENNES
FORM 9 FORMULE 9
ARTICLES OF AMALGAMATION STATUS DE FUSION
(SECTION 179) (ARTICLE 179)
-------------------------------------------------------------------------------
1-Name of Amalgamated Corporation Denomination de la societe issue de la
fusion
KALIUM CANADA, LTD.
-------------------------------------------------------------------------------
2-The place within Canada where the Lieu au Canada ou doit etre situe le
registered office is to be situated siege social
City of Mississauga, Province of Ontario
-------------------------------------------------------------------------------
3-The classes and any maximum number Categories et tout nombre maximal
of shares that the corporation is d'actions que la societe est autorisee
authorized to issue a omettre
The annexed Schedule 1 is incorporated in this form
-------------------------------------------------------------------------------
4-Restrictions if any on share Restrictions sur le transfert des
tranfers actions s'il y a lieu
The annexed Schedule 2 is incorporated in this form
-------------------------------------------------------------------------------
5-Number (or minimum and maximum Nombre (ou nombre minimum et maximum)
number) of directors d'administrateurs
minimum one (1) - maximum seven (7)
-------------------------------------------------------------------------------
6-Restrictions if any on business Limites imposees quant aux activites que
the corporation may carry on la societe peut ex-ploiter, s'il y a
lieu.
None
-------------------------------------------------------------------------------
7-Other provisions if any Autres dispositons s'il y a lieu
The annexed Schedule 3 is incorporated in this form
-------------------------------------------------------------------------------
8-The amalgamation agreement has been / / La convention de fusion a ete
approved by special resolutions of approuvee par resolutions speciales
shareholders of each of the des actionnaires de chacune des
amalgamation corporations listed in societes fusionnantes enumerees a la
Item 10 below in accordance with rubrique 10 ci-dessous, en conformite
Section 177 of the Canada Business de l'article 177 de la Loi sur les
Corporations Act. societes commerciales canadiennes
The amalgamation has been approved /X/ La fusion a ete approuvee par
by a resolution of the directors of resolution des administrateurs de
each of the amalgamating corporations chacune des societes fusionnantes
listed in Item 10 below in accordance enumerees a la rubrique 10 ci-
Section 178 of the Canada Business dessous en conformite de l'article
Corporations Act. These articles of 178 de la Loi sur les societes
amalgamation are the same as the commerciales canadiennes. Les
articles of incorporation of (NAME presents statuts de fusion sont les
THE DESIGNATED AMALGAMATING memes que les status constitutits de
CORPORATION). (NOMMER LA SOCIETE FUSIONNANTE
DESIGNEE).
KALIUM CANADA, LTD.
(as amended)
-------------------------------------------------------------------------------
9-Name of the amalgamating corporation Denomination de la societe
the by-laws of which are to be the fussionnante dont les regiements
by-laws of the amalgamated doivent etre lesregiements de la
corporation. societe issue de la fusion.
KALIUM CANADA, LTD.
-------------------------------------------------------------------------------
<Table>
<Caption>
10-Name of Amalgamating Corporations Corporation No. Signature Date Description of Office
Denomination des societes fusionnantes No de la societe Description du poste
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Apr.26
KALIUM CANADA, LTD. 225300-3 /s/[ILLEGIBLE] 1993 Treasurer
--------------------------------------------------------------------------------------------------------------------
Apr.26
VIGORO, INC. 68581-0 /s/[ILLEGIBLE] 1993 Secretary
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
FOR DEPARTMENTAL USE ONLY A L'USAGE DU MINISTERE SEULEMENT
--------------------------------------------------------------------------------------------------------------------
Corporation No.--No de la societe Filed-Deposee APR
291680-1 AVR 29 1993
226889
|
Bank of Montreal
As referenced in this Certificate of Amalgamation:
Bank of Montreal, – at a compound rate per
annum equal to two (2) percentage points plus the "prime rate"
established from time to time by the Bank of Montreal,
multiplied by a price equal to the consideration received by
the Corporation for each issued and outstanding Preferred
Share. Dividends shall be
_____________
dt 243024
;
| Kalium Canada, Ltd.
|
| Full Doc
| 2003 |
Excerpts from 2003 1st Quarter Earnings and Cash Flow Conference Call and Webcast
Excerpts from 2003 1st Quarter Earnings and Cash Flow Conference Call and Webcast (7K)
Doc #226730: This document is immediately available for purchase, but does not have a preview available for viewing.
IMC Global Inc
IMC Global Inc. Exhibit 99.2
Exhibit 99.2
Excerpts from 2003 1st Quarter Earnings
and Cash Flow Conference Call and Webcast
The following excerpt is from commentary by J. Reid Porter during the conference call and webcast.
Turning to cash flow, effective with this first quarter, we are introducing a refined calculation for EBITDA, which is now defined as operating earnings plus depreciation, depletion and amortization. We believe this is a more straightforward cash flow result. Also, in the . . .
226730
|
IMC Global
As referenced in this Excerpts from 2003 1st Quarter Earnings and Cash Flow Conference Call and Webcast:
IMC Global –
IMC Global Inc. Exhibit 99.2
EX-99.2 BYLAWS 4 imcex992.htm EXHIBIT 99.2
Exhibit
IMC Global – is from commentary by J. Reid Porter during the conference call and webcast.
Earlier today, IMC Global reported a loss before the cumulative effect of a change in accounting principle of $31.
IMC Global – of these items to assess performance of the operations on a normalized basis.
Return to IMC Global Inc. Form 10-K
dt 58063
| |
Preview
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| 2004 |
Letter of Consent
Letter of Consent (35K)
Doc #1497192: Click preview link for longer preview.
LETTER OF CONSENT
(For Participant Use Only)
Relating to the Following Securities
Total Consideration
Outstanding
Principal
Amount
Security
CUSIP Number
Early Consent
Premium
Consent
Fee
Guarantees
Indenture Date
High-Yield Notes
( . . .
1497192
|
IMC Global
As referenced in this Letter of Consent:
IMC Global – Senior Debentures due 2011
449669AB6
Guarantees
December 1, 1991
$
9,595,000
6.55% Notes due 2005
449669AJ9
Guarantees
July 17, 1997
of
MOSAIC GLOBAL HOLDINGS INC.
(formerly known as IMC Global Inc.)
and to the Following Securities
Outstanding
Principal
Amount
Security
CUSIP Number
Consideration
Indenture Date
$
150,000,000
7% Senior Notes due 2008
356903AB0
Guarantees
February 1, 1996 (as supplemented
_____________
IMC Global – No. 449669CG3), 9.45% Senior Debentures due
2
2011 (CUSIP No. 449669AB6) and/or 6.55% Notes due 2005 (CUSIP No. 449669AJ9) of Mosaic Global Holdings Inc. (formerly known as IMC Global Inc.), a Delaware corporation (IMC), and/or 7% Senior Notes due 2008 (CUSIP No. 356903AB0) of Phosphate Acquisition Partners L.P. (the successor to Phosphate Resource Partners Limited Partnership), a
_____________
dt 1655004
;
| |
Preview
Full Doc
| 2004 |
Letter of Consent
Letter of Consent (35K)
Doc #1497253: Click preview link for longer preview.
LETTER OF CONSENT
(For Participant Use Only)
Relating to the Following Securities
Total Consideration
Outstanding
Principal
Amount
Security
CUSIP Number
Early Consent
Premium
Consent
Fee
Guarantees
Indenture Date
High-Yield Notes
( . . .
1497253
|
IMC Global
As referenced in this Letter of Consent:
IMC GLOBAL – 1, 1998
$
18,490,000
9.45% Senior Debentures due 2011
449669AB6
Guarantees
December 1, 1991
$
9,595,000
6.55% Notes due 2005
449669AJ9
Guarantees
July 17, 1997
of
IMC GLOBAL INC.
and to the Following Securities
Outstanding
Principal
Amount
Security
CUSIP Number
Consideration
Indenture Date
$
150,000,000
7% Senior Notes due 2008
356903AB0
Guarantees
February 1, 1996 (as supplemented
_____________
IMC Global – 449669CD0), 7.625% Notes due 2005 (CUSIP No. 449669CG3), 9.45% Senior Debentures due
2
2011 (CUSIP No. 449669AB6) and/or 6.55% Notes due 2005 (CUSIP No. 449669AJ9) of IMC Global Inc., a Delaware corporation (IMC), and/or 7% Senior Notes due 2008 (CUSIP No. 356903AB0) of Phosphate Resource Partners Limited Partnership, a Delaware limited partnership (PLP). By execution hereof, the
_____________
dt 1655006
;
| |
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| 2003 |
Management Consulting Agreement
Management Consulting Agreement (14K)
Doc #120096: Click preview link for longer preview.
MANAGEMENT CONSULTING AGREEMENT
This MANAGEMENT CONSULTING AGREEMENT ("AGREEMENT") is entered
into as of November 28, 2001 by and between Salt Holdings Corporation, a
Delaware corporation (the "COMPANY"), and Apollo Management V L.P., a Delaware
limited partnership ("APOLLO").
RECITALS
WHEREAS, the Company and its subsidiaries desire to avail
themselves of Apollo's expertise and consequently has requested Apollo to make
such expertise available from time to time in rendering certain management
consulting and advisory services related to the business and affairs of the
Company and its respective subsidiaries and affiliates and the review and
analysis of certain financial and other transactions.
WHEREAS, Apollo and the Company agree that it is in their
respective best interests to enter into this Agreement whereby, for the
consideration specified herein, Apollo has provided and shall provide such
services as an independent consultant to the Company and its subsidiaries.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing, and the
mutual agreements set forth herein and other good and valuable consideration,
the receipt and adequacy of which is hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:
Section 1. RETENTION OF APOLLO. The Company hereby retains
Apollo, and Apollo accepts such retention, upon the terms and conditions set
forth in this Agreement.
Section 2. TERM. This Agreement shall commence on the date
hereof and, unless otherwise extended pursuant to the final sentence of this
Section 2, shall terminate on the tenth anniversary of the date hereof (the
"TERM"). Upon the fifth anniversary of the date hereof, and at the end of each
year thereafter (each of such fifth anniversary and the end of each year
thereafter being a "YEAR END"), the Term shall automatically be extended for an
additional year unless notice to the contrary is given by either party at least
30, but no more than 60, days prior to such Year End, as applicable. The
provisions of Sections 3(d), 5 and 7 through 13 shall survive the termination of
this Agreement.
Section 3. MANAGEMENT CONSULTING SERVICES.
(a) Apollo shall advise the Company and the Company's
subsidiaries concerning such management matters that relate to proposed
financial transactions, acquisitions and other senior management matters related
to the business, administration and policies of the Company and its subsidiaries
and affiliates, in each case as the Company shall reasonably and
120096
|
IMC Global
As referenced in this Management Consulting Agreement:
IMC Global, – Plan of Merger (the
"MERGER AGREEMENT"), dated as of October 13, 2001, by and among IMC Global,
Inc., a Delaware corporation ("SELLER"), Salt Holdings Corporation, a Delaware
corporation and a wholly
dt 21783
;
Apollo Management V L.P.;
| Salt Holdings Corp.
|
Preview
Full Doc
| 2003 |
Credit Agreement [Amended and Restated]
Credit Agreement [Amended and Restated] (385K)
Doc #226760: Click preview link for longer preview.
================================================================================
AMENDED AND RESTATED
CREDIT AGREEMENT
dated as of
May 17, 2001,
as amended and restated as of
February 21, 2003
among
IMC GLOBAL INC.
The Borrowing Subsidiaries Party Hereto
The Lenders Party Hereto
JPMORGAN CHASE BANK,
as Administrative Agent
and
GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Syndication Agent
---------------------------
J.P. MORGAN SECURITIES INC.
and GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Joint Arrangers and Bookrunners
================================================================================
<Page>
2
[CSM Ref. No. 6701-187]
<Page>
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
<Table>
<S> <C> <C> <C>
SECTION 1.01. Defined Terms.................................................................1
SECTION 1.02. Classification of Loans and Borrowings.......................................46
SECTION 1.03. Terms Generally..............................................................46
SECTION 1.04. Accounting Terms; GAAP.......................................................46
ARTICLE II
THE CREDITS
SECTION 2.01. Commitments..................................................................47
SECTION 2.02. Loans and Borrowings.........................................................47
SECTION 2.03. Requests for Borrowings......................................................48
SECTION 2.04. Swingline Loans..............................................................49
SECTION 2.05. Letters of Credit............................................................51
SECTION 2.06. Funding of Borrowings........................................................57
SECTION 2.07. Interest Elections...........................................................58
SECTION 2.08. Termination and Reduction of Commitments.....................................59
SECTION 2.09. Repayment of Loans; Evidence of Debt.........................................60
SECTION 2.10. Amortization of B Term Loans.................................................61
SECTION 2.11. Prepayment of Loans..........................................................62
SECTION 2.12. Fees.........................................................................66
SECTION 2.13. Interest.....................................................................67
SECTION 2.14. Alternate Rate of Interest...................................................68
SECTION 2.15. Increased Costs..............................................................69
SECTION 2.16. Break Funding Payments.......................................................70
SECTION 2.17. Taxes........................................................................71
SECTION 2.18. Payments Generally; Pro Rata Treatment; of Setoffs...........................73
SECTION 2.19. Mitigation Obligations; Replacement of Lenders...............................75
SECTION 2.20. Incremental Facilities.......................................................77
SECTION 2.21. Borrowing Subsidiaries.......................................................78
SECTION 2.22. Limitation of Revolving Exposure.............................................79
ARTICLE III
REPRESENTATIONS AND WARRANTIES
SECTION 3.01. Organization; Powers.........................................................79
SECTION 3.02. Authorization; Enforceability................................................80
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2
SECTION 3.03. Governmental Approvals; No Conflicts.........................................80
SECTION 3.04. Financial Condition; No Material Adverse Change..............................80
SECTION 3.05. Properties...................................................................81
SECTION 3.06. Litigation and Environmental Matters.........................................82
SECTION 3.07. Compliance with Laws and Agreements..........................................82
SECTION 3.08. Investment and Holding Company Status........................................82
SECTION 3.09. Taxes........................................................................83
SECTION 3.10. ERISA........................................................................83
SECTION 3.11. Disclosure...................................................................83
SECTION 3.12. Subsidiaries.................................................................84
SECTION 3.13. Insurance....................................................................84
SECTION 3.14. Labor Matters................................................................84
SECTION 3.15. Solvency.....................................................................85
SECTION 3.16. Security Documents...........................................................85
SECTION 3.17. Lien Basket Amount...........................................................86
SECTION 3.18. Excluded Subsidiaries........................................................86
SECTION 3.19. Certain Payments.............................................................90
ARTICLE IV
CONDITIONS
SECTION 4.01. Effective Date...............................................................90
SECTION 4.02. EACH Credit EVENT............................................................90
SECTION 4.03. Borrowing Subsidiaries.......................................................91
ARTICLE V
AFFIRMATIVE COVENANTS
SECTION 5.01. Financial Statements and Other Information...................................92
SECTION 5.02. Notices of Material Events...................................................94
SECTION 5.03. Information Regarding Collateral.............................................95
SECTION 5.04. Existence; Conduct of Business...............................................96
SECTION 5.05. Payment of Obligations.......................................................96
SECTION 5.06. Maintenance of Properties....................................................96
SECTION 5.07. Insurance....................................................................97
SECTION 5.08. Casualty and Condemnation....................................................97
SECTION 5.09. Books and Records; Inspection and Audit Rights...............................97
SECTION 5.10. Compliance with Laws.........................................................98
SECTION 5.11. Use of Proceeds and Letters of Credit........................................98
SECTION 5.12. Additional Subsidiaries......................................................98
SECTION 5.13. Further Assurances...........................................................99
SECTION 5.14. 6.625% Notes Tender Offer....................................................99
<Page>
3
SECTION 5.15. Refinancing of Polk County IRBS; Polk Escrow.................................99
SECTION 5.16. Excluded Subsidiaries.......................................................100
ARTICLE VI
NEGATIVE COVENANTS
SECTION 6.01. Indebtedness; Certain Equity Securities.....................................101
SECTION 6.02. Liens.......................................................................104
SECTION 6.03. Fundamental Changes.........................................................106
SECTION 6.04. Investments, Loans, Advances, and Acquisitions..............................107
SECTION 6.05. Asset Sales.................................................................110
SECTION 6.06. Sale and Leaseback Transactions.............................................112
SECTION 6.07. Hedging Agreements..........................................................113
SECTION 6.08. Restricted Payments; Certain Payments Indebtedness;
Synthetic Purchase Agreements............................................113
SECTION 6.09. Transactions with Affiliates................................................116
SECTION 6.10. Restrictive Agreements......................................................116
SECTION 6.11. Amendment of Material Documents.............................................118
SECTION 6.12. Limited Expenditures........................................................118
SECTION 6.13. Interest Expense Coverage Ratio.............................................119
SECTION 6.14. Total Leverage Ratio........................................................119
SECTION 6.15. Secured Leverage Ratio......................................................120
SECTION 6.16. Collateral Coverage Ratio...................................................120
SECTION 6.17. Fiscal Periods..............................................................120
ARTICLE VII
EVENTS OF DEFAULT..........................................120
ARTICLE VIII
THE AGENTS..............................................124
ARTICLE IX
MISCELLANEOUS
SECTION 9.01. Notices.....................................................................127
SECTION 9.02. Waivers; Amendments.........................................................128
SECTION 9.03. Expenses; Indemnity; Damage Waiver..........................................130
SECTION 9.04. Successors and Assigns......................................................132
SECTION 9.05. Survival....................................................................135
<Page>
4
SECTION 9.06. Counterparts; Integration; Effectiveness....................................136
SECTION 9.07. Severability................................................................136
SECTION 9.08. Right of Setoff.............................................................136
SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process..................137
SECTION 9.10. Waiver of Jury Trial........................................................138
SECTION 9.11. Headings....................................................................138
SECTION 9.12. Confidentiality.............................................................138
SECTION 9.13. Interest Rate Limitation....................................................139
SECTION 9.14. Current Credit Agreement; Effectiveness Amendment and Restatement...........139
</Table>
EXHIBITS:
Exhibit A -- Form of Assignment and Acceptance
Exhibit B -- Form of Collateral Coverage Certificate
Exhibit C -- Form of Collateral Sharing Agreement
Exhibit D -- Form of Guarantee Agreement
Exhibit E -- Form of Indemnity, Subrogation and Contribution Agreement
Exhibit F -- Form of Perfection Certificate
Exhibit G -- Form of Pledge Agreement
Exhibit H -- Form of Security Agreement
Exhibit I -- Forms of Opinions of Counsel
SCHEDULES:
Schedule 1.01 -- Mortgaged Properties
Schedule 2.01 -- Commitments
Schedule 3.05 -- Existing Properties
Schedule 3.06 -- Disclosed Matters
Schedule 3.12 -- Subsidiaries
Schedule 3.13 -- Insurance
Schedule 3.16(c) -- Mortgage Filing Offices
Schedule 6.01 -- Existing Indebtedness
Schedule 6.02 -- Existing Liens
Schedule 6.04 -- Permitted Investments
Schedule 6.10 -- Restrictive Agreements
ANNEXES:
Annex A -- Potash Facility Term Sheet
<Page>
AMENDED AND RESTATED CREDIT AGREEMENT dated as of
May 17, 2001, as amended and restated as of
February 21, 2003, among IMC GLOBAL INC., the
BORROWING SUBSIDIARIES party hereto, the LENDERS
party hereto, JPMORGAN CHASE BANK (successor to
THE CHASE MANHATTAN BANK), as Administrative
Agent, and GOLDMAN SACHS CREDIT PARTNERS L.P., as
Syndication Agent.
WHEREAS, IMC Global Inc. (the "COMPANY"), the Borrowing Subsidiaries
(as defined herein), the lenders party thereto, and JPMorgan Chase Bank
(successor to The Chase Manhattan Bank), as Administrative Agent, are parties to
the Credit Agreement dated as of May 17, 2001 (the "ORIGINAL CREDIT AGREEMENT"),
as amended (the "CURRENT CREDIT AGREEMENT"), as in effect immediately prior to
the Restatement Effective Date (as defined herein);
WHEREAS, the Company, the Borrowing Subsidiaries, the Lenders (as
defined herein) and JPMorgan Chase Bank, as Administrative Agent, are parties to
an Amendment and Restatement Agreement dated as of February 21, 2003 (the
"AMENDMENT AND RESTATEMENT AGREEMENT");
WHEREAS, subject to the satisfaction of the conditions set forth in
the Amendment and Restatement Agreement, the Current Credit Agreement shall be
amended and restated as provided herein.
NOW, THEREFORE, the parties hereto agree as follows:
ARTICLE I
DEFINITIONS
SECTION 1.01. DEFINED TERMS. As used in this Agreement, the
following terms have the meanings specified below:
"ABR", when used in reference to any Loan or Borrowing, refers to
whether such Loan, or the Loans comprising such Borrowing, are bearing interest
at a rate determined by reference to the Alternate Base Rate.
<Page>
2
"ACCOUNTS RECEIVABLE" means "accounts", within the meaning of the
Uniform Commercial Code, constituting rights of the Company or one of its
Subsidiaries, as applicable, to payment for goods sold in the ordinary course of
business evidenced by invoices and shipping documents. The amount of any Account
Receivable as of any date of determination shall equal the unpaid amount
thereof, excluding or net of any claims, offsets, deductions and allowances,
whether or not recorded as contra assets or liabilities.
"ACQUISITION" means an acquisition by the Company or any of its
Subsidiaries of a Person, a division, a facility or a line of business or of all
or substantially all of the assets of any of the foregoing.
"ADDITIONAL LENDER" has the meaning assigned to such term in Section
2.20.
"ADJUSTED LIBO RATE" means, with respect to any Eurodollar Borrowing
for any Interest Period, an interest rate per annum (rounded upwards, if
necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest
Period multiplied by (b) the Statutory Reserve Rate.
"ADMINISTRATIVE AGENT" means JPMorgan Chase Bank (successor to The
Chase Manhattan Bank), in its capacity as administrative agent for the Lenders
hereunder.
"ADMINISTRATIVE QUESTIONNAIRE" means an Administrative Questionnaire
in a form supplied by the Administrative Agent.
"AFFILIATE" means, with respect to a specified Person, another Person
that directly, or indirectly through one or more intermediaries, Controls or is
Controlled by or is under common Control with the Person specified. With respect
to any Lender, the term "Affiliate" shall be deemed to include (a) any entity
(whether a corporation, partnership, trust or otherwise) that is engaged in
making, purchasing, holding or otherwise investing in bank loans and similar
extensions of credit in the ordinary course of its business and is administered
or managed by such Lender or an Affiliate of such Lender and (b) in the case of
any Lender that is a fund that invests in bank loans and similar extensions of
credit, any other fund that invests in bank loans and similar extensions of
credit and is managed by the same investment advisor as such Lender or by an
Affiliate of such investment advisor.
226760
|
IMC Global
As referenced in this Credit Agreement [Amended and Restated]:
IMC GLOBAL – as of
May 17, 2001,
as amended and restated as of
February 21, 2003
among
IMC GLOBAL INC.
The Borrowing Subsidiaries Party Hereto
The Lenders Party Hereto
JPMORGAN CHASE BANK,
as Administrative
IMC GLOBAL – as of
May 17, 2001, as amended and restated as of
February 21, 2003, among IMC GLOBAL INC., the
BORROWING SUBSIDIARIES party hereto, the LENDERS
party hereto, JPMORGAN CHASE BANK (successor to
IMC Global – BANK), as Administrative
Agent, and GOLDMAN SACHS CREDIT PARTNERS L.P., as
Syndication Agent.
WHEREAS, IMC Global Inc. (the "COMPANY"), the Borrowing Subsidiaries
(as defined herein), the lenders party thereto, and JPMorgan
IMC GLOBAL – executed by their respective authorized officers as of the
day and year first above written.
IMC GLOBAL INC.,
by
------------------------------------
Name:
Title:
PHOSPHATE RESOURCE PARTNERS LIMITED
PARTNERSHIP,
By: IMC Global Inc., its Administrative
IMC Global – first above written.
IMC GLOBAL INC.,
by
------------------------------------
Name:
Title:
PHOSPHATE RESOURCE PARTNERS LIMITED
PARTNERSHIP,
By: IMC Global Inc., its Administrative
Managing General Partner
by
------------------------------------
Name:
Title:
And by: FMRP Inc., its General
dt 58078
;
BNY
As referenced in this Credit Agreement [Amended and Restated]:
Bank of New York, – Trust Indenture dated as of February 1, 1993, between Eddy County, New Mexico
and The Bank of New York, as Trustee.
"CHANGE IN CONTROL" means (a) the acquisition of ownership, directly
or indirectly,
Bank of New York, – Federal funds brokers, as published on the next succeeding Business
Day by the Federal Reserve Bank of New York, or, if such rate is not so
published for any day that is a
Bank of New York, – INDENTURE" means the Indenture dated as of August 1, 1998,
between the Company and The Bank of New York, as Trustee.
"1991 INDENTURE" means the Indenture dated as of December 1, 1991,
between
Bank of
New York, – December 1, 1991,
between the Company (as successor to IMC Fertilizer Group, Inc.) and The Bank of
New York, as Trustee.
"1997 INDENTURE" means the Indenture dated as of July 17, 1997,
between
Bank of New York, – INDENTURE" means the Indenture dated as of July 17, 1997,
between the Company and The Bank of New York, as Trustee.
"1993 INDENTURE" means the Indenture dated as of June 15, 1993,
between
dt 43562
;
|
Chase Manhattan
As referenced in this Credit Agreement [Amended and Restated]:
CHASE MANHATTAN BANK) – of
February 21, 2003, among IMC GLOBAL INC., the
BORROWING SUBSIDIARIES party hereto, the LENDERS
party hereto, JPMORGAN CHASE BANK (successor to
THE CHASE MANHATTAN BANK) , as Administrative
Agent, and GOLDMAN SACHS CREDIT PARTNERS L.P., as
Syndication Agent.
WHEREAS, IMC Global Inc. (the "COMPANY"), the Borrowing Subsidiaries
(
_____________
Chase Manhattan Bank) – WHEREAS, IMC Global Inc. (the "COMPANY"), the Borrowing Subsidiaries
(as defined herein), the lenders party thereto, and JPMorgan Chase Bank
(successor to The Chase Manhattan Bank) , as Administrative Agent, are parties to
the Credit Agreement dated as of May 17, 2001 (the "ORIGINAL CREDIT AGREEMENT"),
as amended (the "
_____________
Chase Manhattan Bank) – the LIBO Rate for such Interest
Period multiplied by (b) the Statutory Reserve Rate.
"ADMINISTRATIVE AGENT" means JPMorgan Chase Bank (successor to The
Chase Manhattan Bank) , in its capacity as administrative agent for the Lenders
hereunder.
"ADMINISTRATIVE QUESTIONNAIRE" means an Administrative Questionnaire
in a form supplied by the
_____________
Chase
Manhattan Bank) – time.
"COLLATERAL" means any and all "Collateral", as defined in any
applicable Security Document.
"COLLATERAL AGENT" means JPMorgan Chase Bank (successor to The Chase
Manhattan Bank) , in its capacity as collateral agent under the Loan Documents.
"COLLATERAL COVERAGE AMOUNT" means, as of any date, the Collateral
Value Amount
_____________
Chase
Manhattan Bank) – of such finished goods; PROVIDED that "Inventory" shall not include
any Operating Material & Supplies.
"ISSUING BANK" means JPMorgan Chase Bank (successor to The Chase
Manhattan Bank) and each other Revolving Lender that agrees in writing with the
Company to issue Letters of Credit (provided that notice of such
&
_____________
dt 102281
;
GS Credit
As referenced in this Credit Agreement [Amended and Restated]:
GOLDMAN SACHS CREDIT PARTNERS – February 21, 2003
among
IMC GLOBAL INC.
The Borrowing Subsidiaries Party Hereto
The Lenders Party Hereto
JPMORGAN CHASE BANK,
as Administrative Agent
and
GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Syndication Agent
---------------------------
J.P. MORGAN SECURITIES INC.
and GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Joint Arrangers and Bookrunners
================================================================================
<
_____________
GOLDMAN SACHS CREDIT PARTNERS – Hereto
JPMORGAN CHASE BANK,
as Administrative Agent
and
GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Syndication Agent
---------------------------
J.P. MORGAN SECURITIES INC.
and GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Joint Arrangers and Bookrunners
================================================================================
<Page>
2
[CSM Ref. No. 6701-187]
<Page>
TABLE OF CONTENTS
ARTICLE
_____________
GOLDMAN SACHS CREDIT PARTNERS – INC., the
BORROWING SUBSIDIARIES party hereto, the LENDERS
party hereto, JPMORGAN CHASE BANK (successor to
THE CHASE MANHATTAN BANK), as Administrative
Agent, and GOLDMAN SACHS CREDIT PARTNERS L.P., as
Syndication Agent.
WHEREAS, IMC Global Inc. (the "COMPANY"), the Borrowing Subsidiaries
(as defined herein), the lenders party thereto, and JPMorgan
_____________
Goldman Sachs Credit Partners – Incremental Term Loans outstanding or any Commitments in
effect to make any such Loans at such time and (b) JPMorgan Chase Bank and
Goldman Sachs Credit Partners L.P. and their respective Affiliates that are
Lenders have Revolving Exposures, Incremental Revolving Exposures and unused
Revolving Commitments representing an amount equal
_____________
Goldman Sachs Credit Partners – lender of Swingline Loans hereunder.
<Page>
45
"SWINGLINE LOAN" means a Loan made pursuant to Section 2.04.
"SYNDICATION AGENT" means Goldman Sachs Credit Partners L.P., in its
capacity as syndication agent hereunder.
"SYNTHETIC PURCHASE AGREEMENT" means any agreement pursuant to which
the Company or a Subsidiary
_____________
dt 108368
;
More... |
Preview
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| 2002 |
Credit Agreement [Amendment No. 4]
Credit Agreement [Amendment No. 4] (10K)
Doc #226787: Click preview link for longer preview.
IMC Global Inc
EXECUTION COPY
EX-4 3 exhibit4ii.htm EXHIBIT 4.II.
Exhibit 4.ii.
AMENDMENT No. 4 dated as of April 3, 2002 (this "Amendment"), to the Credit Agreement dated as of May 17, 2001, as amended (the "Credit Agreement"), among IMC GLOBAL INC. (the "Company"), the Borrowing Subsidiaries party thereto (together with the Company, the "Borrowers"), the Lenders party thereto, JPMORGAN CHASE BANK (successor to THE CHASE MANHATTAN BANK), as administrative agent (the "Administrative Agent"), and GOLDMAN SACHS CREDIT PARTNERS L.P., as syndication agent.
A. The Lenders have extended credit to the Borrowers, and have agreed to extend credit to the Borrowers, in each case pursuant to the terms and subject to the conditions set forth in the Credit Agreement.
B. The Company has informed the Administrative Agent that Latitude Securities Pty. Ltd. and Skyblaze Holdings Pty. Ltd., each of which is a wholly-owned subsidiary of IMC Global Australia Pty. Ltd., wish to purchase or redeem a portion of their respective Equity Interests from IMC Australia.
C. The Company has also informed the Administrative Agent that it wishes to sell or transfer its interest in certain portions of its Mortgaged Property for the purpose of supporting an energy co-generation facility on its property located in Belle Plaine, Saskatchewan.
D. The Company has also informed the Administrative Agent that it wishes to redeem all of its outstanding 10.75% Notes due 2003.
E. The Company has requested that certain provisions of the Credit Agreement be amended to permit the transactions described above.
F. The undersigned Lenders are willing so to amend the Credit Agreement pursuant to the terms and subject to the conditions set forth herein.
G. Capitalized terms used but not defined herein have the meanings assigned to them in the Credit Agreement.
Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows:
SECTION 1. Amendment to Section 1.01. Section 1.01 of the Credit Agreement is hereby amended by inserting the text "10.75% Notes due 2003," immediately following the text "6.50% Notes due 2003," in the definition of the term "Excess Salt Disposition Escrow".
SECTION 2. Amendments to Section 6.05. Section 6.05 of the Credit Agreement is hereby amended as follows:
(a) by deleting the text "and" at the end of clause (h) of Section 6.05 of the Credit Agreement;
(b) by inserting the text "and" at the end of clause (i) of Section 6.05 of the Credit Agreement;
(c) by adding the following new clauses (j) and (k) immediately following clause (i) of Section 6.05 of the Credit Agreement:
(j) sales, transfers and dispositions by the Company or any direct or indirect wholly owned Subsidiary of the Company of Equity Interests in any Subsidiary to (i) the Company, (ii) any Subsidiary Loan Party or (iii) the issuer of such Equity Interests, so long as, after the consummation of such sale, transfer or disposition, such issuer is a direct or indirect wholly owned Subsidiary of the Company;
(k) transfers and dispositions of interests in Mortgaged Property; provided that the aggregate fair market value of all Mortgaged Property transferred or otherwise disposed of in reliance on this clause (k) shall not exceed $1,000,000 during any fiscal year of the Company;
(d) by deleting the text "and (i)" in the proviso set forth at the end of Section 6.05 of the Credit Agreement and substituting the text ", (i), (j) and (k)" therefor.
SECTION 3. Amendments to Section 6.08. Section 6.08 of the Credit Agreement is hereby amended as follows:
(a) by deleting the text "and (vii)" in paragraph (a) of Section 6.08 of the Credit Agreement and substituting the text "(vii)" therefor;
(b) by deleting the text "." at the end of clause (vii) of paragraph (a) of Section 6.08 of the Credit Agreement and substituting the text "and" therefor;
(c) by adding the following new clause (viii) at the end of paragraph (a) of Section 6.08 of the Credit Agreement:
(viii) any Subsidiary may purchase or redeem any portion of its Equity Interests, provided that, following any such purchase or redemption, such Subsidiary is a direct or indirect wholly owned Subsidiary of the Company.
(d) by deleting the text "and" at the end of clause (x) of paragraph (b) of Section 6.08 of the Credit Agreement;
(e) by inserting the text "10.75% Notes due 2003," immediately following the text "6.50% Notes due 2003," in clause (xi) of paragraph (b) of Section 6.08 of the Credit Agreement;
(f) by deleting the text "." at the end of clause (xi) of paragraph (b) of Section 6.08 of the Credit Agreement and substituting the text "; and" therefor; and
(g) by adding the following new clause (xii) at the end of paragraph (b) of Section 6.08 of the Credit Agreement:
(xii) in addition to payments permitted by clause (xi) of paragraph (b) of this Section 6.08, any other payments made to purchase or redeem the 6.50% Notes due 2003.
SECTION 4. Amendments to Section 6.09. Section 6.09 of the Credit Agreement is hereby amended as follows:
(a) by deleting the text "and" at the end of clause (e) of Section 6.09 of the Credit Agreement and inserting the text "," therefor;
(b) by deleting the text "." at the end of clause (f) of Section 6.09 of the Credit Agreement and substituting the text "and" therefor; and
(c) by adding the following new clause (g) at the end of Section 6.09 of the Credit Agreement:
(g) any transactions permitted by clause (j) of Section 6.05 and clause (viii) of Section 6.08(a).
SECTION 5. Amendment to the Security Agreement. Each Lender that delivers a signed counterpart to this Amendment hereby consents to the amendment (the "Security Agreement Amendment") of the Security Agreement dated as of May 17, 2001, as amended (the "Security Agreement"), among the Company, each subsidiary of the Company listed on Schedule I thereto and JPMorgan Chase Bank (successor to The Chase Manhattan Bank), as collateral agent (the "Collateral Agent"), as such amendment is set forth in Exhibit A hereto.
SECTION 6. Representations and Warranties. The Company represents and warrants to the Administrative Agent and to each of the Lenders that:
(a) This Amendment has been duly authorized, executed and delivered by each of the Borrowers and constitutes a legal, valid and binding obligation of each of the Borrowers, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors' rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
(b) The representations and warranties of each Loan Party set forth in the Loan Documents are true and correct in all material respects on and as of the date hereof, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date.
(c) Immediately after giving effect to this Amendment, no Default shall have occurred and be continuing.
SECTION 7. Conditions to Effectiveness. This Amendment shall become effective as of the date first written above when (a) the Administrative Agent shall have received counterparts of this Amendment that, when taken together, bear the signatures of (i) each of the Borrowers and (ii) the Required Lenders and (b) the Collateral Agent shall have received counterparts of the Security Agreement Amendment that, when taken together, bear the signatures of each of the Grantors (as such term is defined in the Security Agreement).
SECTION 8. Credit Agreement. Except as specifically amended hereby, the Credit Agreement shall continue in full force and effect in accordance with the provisions thereof as in existence on the date hereof. After the date hereof, any reference to the Credit Agreement shall mean the Credit Agreement as amended or modified hereby. This Amendment shall be a Loan Document for all purposes.
SECTION 9. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
SECTION 10. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one agreement. Delivery of an executed signature page to this Amendment by facsimile transmission shall be effective as delivery of a manually signed counterpart of this Amendment.
SECTION 11. Expenses. The Company agrees to reimburse the Administrative Agent for its out-of-pocket expenses in connection with this Amendment, including the reasonable fees, charges and disbursements of Cravath, Swaine & Moore, counsel for the Administrative Agent.
SECTION 12. Headings. The Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.
[The remainder of this page has been left blank intentionally.]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first written above.
IMC GLOBAL INC.,
by _______________________________
Name:
Title:
PHOSPHATE RESOURCE PARTNERS LIMITED PARTNERSHIP,
By: IMC Global Inc., its Administrative Managing General Partner,
by _______________________________
Name:
Title:
And by: FMRP Inc., its General Partner,
by _______________________________
Name:
Title:
IMC PHOSPHATES COMPANY,
By: IMC Phosphates MP Inc., its Managing Partner,
by _______________________________
Name:
Title:
JPMORGAN CHASE BANK, individually and as Administrative Agent,
by _______________________________
Name:
Title:
GOLDMAN SACHS CREDIT PARTNERS L.P., individually and as Syndication Agent,
by _______________________________
Name:
Title:
by _______________________________
Name:
Title:
Return to IMC Global Inc. Form 10-Q
226787
|
IMC Global
As referenced in this Credit Agreement [Amendment No. 4]:
IMC GLOBAL – the Credit Agreement dated as of May 17, 2001, as amended (the "Credit Agreement"), among IMC GLOBAL INC. (the "Company"), the Borrowing Subsidiaries party thereto (together with the Company, the "Borrowers"), the
IMC Global – Ltd. and Skyblaze Holdings Pty. Ltd., each of which is a wholly-owned subsidiary of IMC Global Australia Pty. Ltd., wish to purchase or redeem a portion of their respective Equity Interests
IMC GLOBAL – executed by their respective authorized officers as of the day and year first written above.
IMC GLOBAL INC.,
by _______________________________
Name:
Title:
PHOSPHATE RESOURCE PARTNERS LIMITED PARTNERSHIP,
By: IMC Global Inc., its
IMC Global – written above.
IMC GLOBAL INC.,
by _______________________________
Name:
Title:
PHOSPHATE RESOURCE PARTNERS LIMITED PARTNERSHIP,
By: IMC Global Inc., its Administrative Managing General Partner,
by _______________________________
Name:
Title:
And by: FMRP Inc., its
IMC Global – individually and as Syndication Agent,
by _______________________________
Name:
Title:
by _______________________________
Name:
Title:
Return to IMC Global Inc. Form 10-Q
dt 58098
;
Chase Manhattan
As referenced in this Credit Agreement [Amendment No. 4]:
CHASE MANHATTAN BANK) – the "Company"), the Borrowing Subsidiaries party thereto (together with the Company, the "Borrowers"), the Lenders party thereto, JPMORGAN CHASE BANK (successor to THE CHASE MANHATTAN BANK) , as administrative agent (the "Administrative Agent"), and GOLDMAN SACHS CREDIT PARTNERS L.P., as syndication agent.
A. The Lenders have extended credit
_____________
Chase Manhattan Bank) – the "Security Agreement"), among the Company, each subsidiary of the Company listed on Schedule I thereto and JPMorgan Chase Bank (successor to The Chase Manhattan Bank) , as collateral agent (the "Collateral Agent"), as such amendment is set forth in Exhibit A hereto.
SECTION 6. Representations and Warranties. The
_____________
dt 102283
;
|
GS Credit
As referenced in this Credit Agreement [Amendment No. 4]:
GOLDMAN SACHS CREDIT PARTNERS – Company, the "Borrowers"), the Lenders party thereto, JPMORGAN CHASE BANK (successor to THE CHASE MANHATTAN BANK), as administrative agent (the "Administrative Agent"), and GOLDMAN SACHS CREDIT PARTNERS L.P., as syndication agent.
A. The Lenders have extended credit to the Borrowers, and have agreed to extend credit to the Borrowers,
_____________
GOLDMAN SACHS CREDIT PARTNERS – IMC Phosphates MP Inc., its Managing Partner,
by _______________________________
Name:
Title:
JPMORGAN CHASE BANK, individually and as Administrative Agent,
by _______________________________
Name:
Title:
GOLDMAN SACHS CREDIT PARTNERS L.P., individually and as Syndication Agent,
by _______________________________
Name:
Title:
by _______________________________
Name:
Title:
Return to IMC Global Inc. Form 10-Q
_____________
dt 108370
;
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<DOCUMENT>
<TYPE>EX-4.II(A)
<SEQUENCE>2
<FILENAME>a2050625zex-4_iia.txt
<DESCRIPTION>CREDIT AGREEMENT DATED MAY 17, 2001
<TEXT>
<PAGE>
================================================================================
CREDIT AGREEMENT
dated as of
May 17, 2001
among
IMC GLOBAL INC.
The Borrowing Subsidiaries Party Hereto
The Lenders Party Hereto
THE CHASE MANHATTAN BANK,
as Administrative Agent
and
GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Syndication Agent
---------------------------
J.P. MORGAN SECURITIES INC.
and GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Joint Arrangers and Bookrunners
================================================================================
[CSM Ref. No. 6701-187]8
<PAGE>
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