Term Loan Agreement
Category: Credit
TERM LOAN AGREEMENT, dated as of August 17, 2007, among COLLECTIVE BRANDS FINANCE, INC., a Nevada corporation (formerly known as “Payless ShoeSource Finance, Inc.”), COLLECTIVE BRANDS, INC., a Delaware corporation (the name “Collective Brands, Inc.” to be changed on or prior to the Closing Date from “Payless ShoeSource, Inc.”, the “Parent”), the Lenders (as defined below) and CITICORP NORTH AMERICA, INC., as administrative agent and collateral agent for the Lenders (in such capacity, the “Administrative Agent”).
WITNESSETH
WHEREAS, the Borrower has requested that the Lenders make term loans available for the purposes specified in this Agreement; and
WHEREAS, the Lenders are willing to make available to the Borrower such term loans upon the terms and subject to the conditions set forth herein;
NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein, the parties hereto hereby agree as follows:
ARTICLE I
DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS
Section 1.1 Defined Terms
As used in this Agreement, the following terms have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined):
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