Exhibit 10(a)
CREDIT AGREEMENT
DATED AS OF MAY 20, 2004
AMONG
KIMBALL INTERNATIONAL, INC.,
THE LENDERS,
AND
BANK ONE, NA
AS AGENT AND AS LC ISSUER
BANC ONE CAPITAL MARKETS, INC.
AS LEAD ARRANGER AND SOLE BOOK RUNNER
TABLE OF CONTENTS
ARTICLE I. DEFINITIONS
1
ARTICLE II. THE CREDITS
13
2.1. Commitment
13
2.2. Determination of Dollar Amounts; Required Payments; Termination
14
2.3. Ratable Loans
14
2.4. Types of Advances
14
2.5. Swing Line Loans
14
2.5.1. Amount of Swing Line Loans
14
2.5.2. Borrowing Notice
15
2.5.3. Making of Swing Line Loans
15
2.5.4. Repayment of Swing Line Loans
15
2.6. Commitment Fee; Reductions in Aggregate Commitment
16
2.7. Minimum Amount of Each Advance/Maximum Number of Eurocurrency Advances
16
2.8. Optional Principal Payments
16
2.9. Method of Selecting Types and Interest Periods for New Advances
17
2.10. Conversion and Continuation of Outstanding Advances
17
2.11. Changes in Interest Rate, etc
18
2.12. Rates Applicable After Default
18
2.13. Method of Payment
19
2.14. Method of Borrowing
19
2.15. Telephonic Notices
20
2.16. Interest Payment Dates; Interest and Fee Basis
20
2.17. Notification of Advances, Interest Rates, Prepayments and Commitment
Reductions
20
2.18. Lending Installations
20
2.19. Facility LCs
21
2.19.1. Issuance
21
2.19.2. Participations
21
2.19.3. Notice
21
LC Fees
22
LC Fees
22
2.19.5. Administration; Reimbursement by Lenders
22
2.19.6. Reimbursement by Borrower
22
2.19.7. Obligations Absolute
23
2.19.8. Actions of LC Issuer
23
2.19.9. Indemnification
24
2.19.10. Lenders' Indemnification
24
2.19.11. Facility LC Collateral Account
24
2.19.12. Rights as a Lender
25
2.20. Non-Receipt of Funds by the Agent
25
2.21. Replacement of Lender
25
2.22. Increase in Aggregate Co