Exhibit 10(k)(xi)

EXECUTION VERSION

 

US$330,000,000

FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT

 

dated as of

March 26, 2013,

among

ALBANY INTERNATIONAL CORP.

ALBANY INTERNATIONAL HOLDING (SWITZERLAND) AG

ALBANY INTERNATIONAL EUROPE GMBH

and

ALBANY INTERNATIONAL CANADA CORP.,

as Borrowers

 

the other Borrowing Subsidiaries,

 

the Lenders Party Hereto,

 

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

JPMORGAN CHASE BANK, N.A., TORONTO BRANCH,

as Canadian Agent

and

J.P. MORGAN EUROPE LIMITED,

as London Agent

_________________

 

J.P. MORGAN SECURITIES LLC

and

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

as Co-Lead Arrangers and Joint Bookrunners

 

BANK OF AMERICA, N.A.,

as Syndication Agent

and

The Bank of Tokyo-Mitsubishi UFJ, Ltd., and

WELLS FARGO BANK, NATIONAL ASSOCIATION

as Documentation Agents

[CS&M Ref No. 6701-352]     

 

 

TABLE OF CONTENTS

Page

ARTICLE I

Definitions

SECTION 1.01. Defined Terms 1 SECTION 1.02. Classification of Loans and
Borrowings 25 SECTION 1.03. Terms Generally 25 SECTION 1.04. Accounting Terms;
GAAP 25      

 ARTICLE II

The Credits

SECTION 2.01. Commitments 26 SECTION 2.02. Loans and Borrowings 27 SECTION 2.03.
Requests for Borrowings 27 SECTION 2.04. Swingline Loans 28 SECTION 2.05.
Letters of Credit 29 SECTION 2.06. Funding of Borrowings 33 SECTION 2.07.
Interest Elections 34 SECTION 2.08. Termination, Reduction and Increase of
Commitments 35 SECTION 2.09. Repayment of Loans; Evidence of Debt 37 SECTION
2.10. Prepayment of Loans 38 SECTION 2.11. Fees 38 SECTION 2.12. Interest 39
SECTION 2.13. Alternate Rate of Interest 41 SECTION 2.14. Increased Costs 41
SECTION 2.15. Change in Legality 43 SECTION 2.16. Break Funding Payments 43
SECTION 2.17. Taxes 44 SECTION 2.18. Payments Generally; Pro Rata Treatment;
Sharing of Setoffs 47 SECTION 2.19. Mitigation Obligations; Replacement of
Lenders 48 SECTION 2.20. Borrowing Subsidiaries 49 SECTION 2.21. Defaulting
Lenders 49      

ARTICLE III

Representations and Warranties

SECTION 3.01. Organization; Powers 51 SECTION 3.02. Authorization;
Enforceability 51 SECTION 3.03. Governmental Approvals; No Conflicts 51 SECTION
3.04. Financial Statements; No Material Adverse Change. 51 SECTION 3.05.
Properties; Liens 51

 

  

SECTION 3.06. Litigation and Environmental Matters 52 SECTION 3.07. Compliance
with Laws 52 SECTION 3.08. Investment Company Status 52 SECTION 3.09. Taxes 52
SECTION 3.10. ERISA 52 SECTION 3.11. Disclosure 53 SECTION 3.12. Subsidiaries 53
SECTION 3.13. Solvency 53 SECTION 3.14. Federal Reserve Regulations 53 SECTION
3.15. FCPA 53 SECTION 3.16. OFAC 54

ARTICLE IV

Conditions

SECTION 4.01. Effective Date 54 SECTION 4.02. Conditions to All Extensions of
Credit 55 SECTION 4.03. Initial Credit Event for each Borrowing Subsidiary 55  
   

ARTICLE V

Affirmative Covenants

SECTION 5.01. Financial Statements and Other Information 56 SECTION 5.02.
Notices of Material Events 57 SECTION 5.03. Existence; Conduct of Business 57
SECTION 5.04. Payment of Obligations 57 SECTION 5.05. Maintenance of Properties
58 SECTION 5.06. Insurance 58 SECTION 5.07. Books and Records; Inspection Rights
58 SECTION 5.08. Compliance with Laws 58 SECTION 5.09. Use of Proceeds and
Letters of Credit 58 SECTION 5.10. Further Assurances 58 SECTION 5.11.
Compliance with Swiss Withholding Tax Rules 58      

ARTICLE VI

Negative Covenants

SECTION 6.01. Subsidiary Debt 59 SECTION 6.02. Negative Pledge 59 SECTION 6.03.
Consolidations, Mergers and Sales of Assets 60 SECTION 6.04. Transactions with
Affiliates 61 SECTION 6.05. Restricted Payments 62 SECTION 6.06. Limitations on
Sale-Leasebacks 62 SECTION 6.07. Investments, Loans, Advances, Guarantees and
Acquisitions 62

 

  

SECTION 6.08. Leverage Ratio 64 SECTION 6.09. Interest Coverage Ratio 64 SECTION
6.10. Lines of Business 64      

ARTICLE VII

Events of Default

SECTION 7.01. Events of Default 64      

ARTICLE VIII

The Agents

ARTICLE IX

Guarantee

ARTICLE X

Miscellaneous

SECTION 10.01. Notices 69 SECTION 10.02. Waivers; Amendments 70 SECTION 10.03.
Expenses; Indemnity; Damage Waiver 71 SECTION 10.04. Successors and Assigns 72
SECTION 10.05. Survival 76 SECTION 10.06. Counterparts; Integration;
Effectiveness 76 SECTION 10.07. Severability 76 SECTION 10.08. Right of Setoff
76 SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process 76
SECTION 10.10. WAIVER OF JURY TRIAL 77 SECTION 10.11. Headings 77 SECTION 10.12.
Confidentiality 77 SECTION 10.13. Conversion of Currencies 78 SECTION 10.14.
Interest Rate Limitation 78 SECTION 10.15. U.S.A. PATRIOT Act 79 SECTION 10.16.
No Fiduciary Relationship 79 SECTION 10.17. Non-Public Information 79

 

  

Schedules:

Schedule 1.01 Applicable Funding Account Schedule 2.01 Commitments Schedule 2.05
Existing Letters of Credit Schedule 3.06 Disclosed Matters Schedule 3.10 Foreign
Plans Schedule 3.12 Subsidiaries Schedule 6.01 Existing Subsidiary Indebtedness
Schedule 6.02 Existing Liens Schedule 6.04 Certain Transactions with Affiliates
Schedule 6.07 Existing Investments

 

Exhibits:

Exhibit A-1 Form of Borrowing Subsidiary Agreement Exhibit A-2 Form of Borrowing
Subsidiary Termination Exhibit B Form of Borrowing Request Exhibit C-1 Form of
Issuing Bank Agreement Exhibit C-2 Form of US Tax Certificate Exhibit C-3
Mandatory Costs Rate Exhibit D Form of Subsidiary Guarantee Agreement Exhibit E
Form of Indemnity, Subrogation and Contribution Agreement Exhibit F Form of
Assignment and Assumption Exhibit G-1 Form of Opinion of Cleary Gottlieb Steen &
Hamilton Exhibit G-2 Form of Opinion of Charles J. Silva Jr., General Counsel of
Albany International Corp. Exhibit G-3 Form of Opinion of Homburger AG Exhibit
G-4 Form of Opinion of Stewart McKelvey

 

 

  

FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT dated as of March 26, 2013, among
ALBANY INTERNATIONAL CORP., a Delaware corporation (“Company”), ALBANY
INTERNATIONAL HOLDING (SWITZERLAND) AG, a Swiss corporation with a Guernsey
branch (“AIH”), ALBANY INTERNATIONAL EUROPE GMBH, a Swiss limited liability
company (“AIE”), ALBANY INTERNATIONAL CANADA CORP., a Nova Scotia unlimited
liability corporation (“AIC”), the other BORROWING SUBSIDIARIES from time to
time party hereto, the LENDERS from time to time party hereto, JPMORGAN CHASE
BANK, N.A., as Administrative Agent, JPMORGAN CHASE BANK, N.A., TORONTO BRANCH,
as Canadian Agent, and J.P. MORGAN EUROPE LIMITED, as London Agent.

The Borrowers (such term and each other capitalized term used but not otherwise
defined herein having the meaning assigned to it in Article I) have requested
(a) the Lenders to extend credit in the form of Revolving Loans in an aggregate
principal amount at any time outstanding not in excess of the equivalent of
US$330,000,000 less the sum of the LC Exposure and the Swingline Exposure at
such time, (b) the Swingline Lender to extend credit in the form of Swingline
Loans in an aggregate principal amount at any time outstanding not in excess of
US$25,000,000 and (c) the Issuing Banks to issue Letters of Credit in an
aggregate face amount at any time outstanding not in excess of the equivalent of
US$50,000,000.

The proceeds of Revolving Loans will be used for general corporate purposes of
the Company and the Subsidiaries, including to refinance Indebtedness, if any,
under the Existing Credit Agreement. The Letters of Credit and the proceeds of
the Swingline Loans will be used for general corporate purposes of the Company
and the Subsidiaries.

The Lenders are willing to extend such credit to the Borrowers and the Issuing
Banks are willing to issue such Letters of Credit on the terms and subject to
the conditions set forth herein. Accordingly, 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.

“Accession Agreement” has the meaning specified in Section 2.08(d).

“Adjusted EURIBO Rate” means, with respect to any EURIBOR Borrowing for any
Interest Period, an interest rate per annum (rounded upwards, if necessary, to
the next 1/100 of 1.00%) equal to the sum of (i) the EURIBO Rate for such
Interest Period and (ii) the Mandatory Costs Rate.

“Adjusted LIBO Rate” means (a) with respect to any LIBOR Borrowing denominated
in US Dollars for any Interest Period, an interest rate per annum (rounded
upwards, if necessary, to the next 1/100 of 1.00%) equal to (i) the LIBO Rate
for such Interest Period multiplied by (ii) the Statutory Reserve Rate and
(b) with respect to any LIBOR Borrowing denominated in an Alternative Currency
(other than Euros) for any Interest Period, an interest rate per annum (rounded
upwards, if necessary, to the next 1/100 of 1.00%) equal to the sum of (i) the
LIBO Rate for such Interest Period and (ii) the Mandatory Costs Rate.

“Administrative Agent” means JPMCB in its capacity as administrative agent for
the Lenders hereunder, or any successor appointed in accordance with
Article VIII.

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“Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Administrative Agent.

“AEC” means Albany Engineered Composites, Inc., currently a Wholly Owned
Subsidiary.

“AEC Joint Venture Entity” means any entity owned by the Company and/or its
subsidiaries and one or more Persons that are not Affiliates of the Company that
results from a Permitted AEC Transaction, whether in corporate, partnership,
limited liability company, trust or other legal form.

“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. The status
of any individual as an officer or director of any Person shall not, in and of
itself, be deemed to make such individual an Affiliate of such Person.

“Agents” means, collectively, the Administrative Agent, the Canadian Agent and
the London Agent.

“Agreement” means this Five-Year Revolving Credit Facility Agreement, as the
same may hereafter be modified, supplemented or amended from time to time.

“AIC” has the meaning specified in the preamble.

“AIE” has the meaning specified in the preamble.

“AIH” has the meaning specified in the preamble.

“Alternate Base Rate” means, for any day, a rate per annum equal to the greatest
of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective
Rate in effect on such day plus ½ of 1% per annum and (c) the Adjusted LIBO Rate
on such day (or if such day is not a Business Day, the immediately preceding
Business Day) for a deposit in dollars with a maturity of one month plus 1% per
annum. For purposes of clause (c) above, the Adjusted LIBO Rate on any day shall
be based on the rate per annum appearing on the Reuters Screen LIBOR01 Page
displaying interest rates for dollar deposits in the London interbank market (or
on any successor or substitute screen provided by Reuters, or any successor to
or substitute for such service, providing rate quotations comparable to those
currently provided on such screen, as reasonably determined by the
Administrative Agent from time to time) at approximately 11:00 a.m., London
time, on such day for deposits in dollars with a maturity of one month. Any
change in the Alternate Base Rate due to a change in the Prime Rate, the Federal
Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and
including the effective date of such change in the Prime Rate, the Federal Funds
Effective Rate or the Adjusted LIBO Rate, respectively.

“Alternative Currency” means Euro, Canadian Dollars and any other currency
(other than US Dollars) (a) that is freely transferable and convertible into US
Dollars in the London market, (b) for which LIBO Rates can be determined by
reference to the Reuters Screen “LIBOR 01” page as provided in the definition of
“LIBO Rate” and (c) that has been designated by the Administrative Agent as an
Alternative Currency at the request of the Company and with the consent of each
Global Tranche Lender.

“Applicable Agent” means (a) with respect to a Loan or Borrowing denominated in
US Dollars or a Letter of Credit (other than a Letter of Credit issued for the
account of a Canadian Borrowing Subsidiary), the Administrative Agent, (b) with
respect to a Loan or Borrowing denominated in any currency other than US Dollars
or Canadian Dollars, the London Agent and (c) with respect to a Loan or
Borrowing denominated in Canadian Dollars or a Letter of Credit issued for the
account of a Canadian Borrowing Subsidiary, the Canadian Agent.

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“Applicable Funding Account” means, as to each Borrower, the applicable account
with the Applicable Agent (or one of its Affiliates) specified on Schedule 1.01
hereto or set forth in such Borrower’s Borrower Subsidiary Agreement entered
pursuant to Section 2.20, or any other account with the Applicable Agent (or one
of its Affiliates) that shall be specified in a written notice signed by a
Financial Officer of the applicable Borrower or the Company and delivered to and
approved by such Applicable Agent.

“Applicable Rate” means, for any day with respect to (a) any ABR Loan, Canadian
Prime Loan, CDOR Loan, LIBOR Loan or EURIBOR Loan or (b) the Commitment Fees, as
the case may be, the applicable rate per annum set forth under the appropriate
caption in the table below, based upon the Leverage Ratio:

Category Leverage Ratio Commitment Fee ABR/Canadian
Prime Spread LIBOR/EURIBOR/CDOR  
Spread Category 1 < 1.00 to 1.00 0.225% 0.250% 1.250% Category 2

> 1.00:1.00 and

< 2.00:1.00

0.250% 0.375% 1.375% Category 3

> 2.00:1.00 and

< 3.00:1.00

0.275% 0.625% 1.625% Category 4 > 3.00:1.00 0.300% 0.875% 1.875%

 

Except as set forth below, the Leverage Ratio used to determine the Applicable
Rate during the period from and including any Financial Statement Delivery Date
to but excluding the next Financial Statement Delivery Date shall be that in
effect at the date of the balance sheet delivered on such first Financial
Statement Delivery Date under Section 5.01(a) or (b); provided that (i) prior to
the first Financial Statement Delivery Date, the Leverage Ratio used to
determine the Applicable Rate shall be that in effect at December 31, 2012, and
(ii) if any financial statements required to have been delivered under
Section 5.01(a) or (b) shall not have been delivered by the date required under
such Section, the Applicable Rate shall, until such financial statements shall
have been delivered, be determined by reference to Category 4.

“Approved Fund” means any Person (other than a natural person) that is engaged
in making, purchasing, holding or investing in bank loans and similar extensions
of credit in the ordinary course of its business and that is administered or
managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an
Affiliate of an entity that administers or manages a Lender.

“Arrangers” means J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner &
Smith Incorporated, in their capacity as co-lead arrangers of the revolving
credit facility provided for herein.

“Assignment and Assumption” means an Assignment and Assumption substantially in
the form of Exhibit F or such other form as shall be approved by the
Administrative Agent.

“Availability Period” means the period from and including the Effective Date to
but excluding the earlier of the Maturity Date and the date of termination of
the Commitments.

“Bankruptcy Event” means, with respect to any Person, such Person becomes the
subject of a bankruptcy or insolvency proceeding, or has had a receiver,
conservator, trustee, administrator, custodian, assignee for the benefit of
creditors or similar Person charged with the reorganization or liquidation of
its business appointed for it, or, in the good faith determination of the
Administrative Agent,

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has taken any action in furtherance of, or indicating its consent to, approval
of, or acquiescence in, any such proceeding or appointment; provided that a
Bankruptcy Event shall not result solely by virtue of any ownership interest, or
the acquisition of any ownership interest, in such Person by a Governmental
Authority or instrumentality thereof; provided, further, that such ownership
interest does not result in or provide such Person with immunity from the
jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Person (or such
Governmental Authority or instrumentality) to reject, repudiate, disavow or
disaffirm any contracts or agreements made by such Person.

“Board” means the Board of Governors of the Federal Reserve System of the
United States of America.

“Borrowers” means the Company and the Borrowing Subsidiaries.

“Borrowing” means (a) Loans of the same Class and Type made, converted or
continued on the same date and, in the case of LIBOR, CDOR or EURIBOR Loans, as
to which a single Interest Period is in effect or (b) a Swingline Loan.

“Borrowing Minimum” means (a) in the case of a Borrowing denominated in US
Dollars, US$5,000,000, (b) in the case of a Borrowing denominated in Euros,
€5,000,000, (d) in the case of a Borrowing denominated in Canadian Dollars,
CAD$5,000,000 and (e) in the case of a Borrowing denominated in any other
Alternative Currency, the smallest amount of such Alternative Currency that is
an integral multiple of 1,000,000 units of such currency and that has a US
Dollar Equivalent in excess of US$5,000,000.

“Borrowing Multiple” means (a) in the case of a Borrowing denominated in US
Dollars, US$1,000,000, (b) in the case of a Borrowing denominated in Euros,
€1,000,000, (c) in the case of a Borrowing denominated in Canadian Dollars,
CAD$1,000,000 and (d) in the case of a Borrowing denominated in any other
Alternative Currency, 1,000,000 units of such currency.

“Borrowing Request” means a request by a Borrower for a Borrowing in accordance
with Section 2.03.

“Borrowing Subsidiary” means AIH, AIE, AIC, and at any time, each Subsidiary
that has been designated as a Borrowing Subsidiary by the Company pursuant to
Section 2.20 and that has not ceased to be a Borrowing Subsidiary as provided in
such Section.

“Borrowing Subsidiary Agreement” means a Borrowing Subsidiary Agreement
substantially in the form of Exhibit A-1.

“Borrowing Subsidiary Termination” means a Borrowing Subsidiary Termination
substantially in the form of Exhibit A-2.

“Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City are authorized or required by law to
remain closed; provided that (a) when used in connection with a LIBOR Loan
denominated in any currency, the term “Business Day” shall also exclude any day
on which banks are not open for dealings in deposits in such currency in the
London interbank market, (b) when used in connection with a Loan denominated in
any Alternative Currency other than Euro, the term “Business Day” shall also
exclude any day on which banks are not open for dealings in deposits in such
currency in the principal financial center of the country of such Alternative
Currency and (c) when used in connection with a Loan denominated in Euro, the
term “Business Day” shall also exclude any day on which the TARGET payment
system is not open for the settlement of payments in Euro.

“Canadian Agent” means JPMCB’s Toronto Branch.

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“Canadian Borrowing Subsidiary” means any Borrowing Subsidiary that is a
Canadian Subsidiary.

“Canadian Dollars” or “CAD$” means the lawful money of Canada.

“Canadian Prime”, 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 Canadian Prime Rate.

“Canadian Prime Rate” means, on any day, the greater of (a) the annual rate of
interest announced from time to time by JPM Toronto as being its reference rate
then in effect for determining interest rates on Canadian Dollar-denominated
commercial loans made by it in Canada and (b) the CDOR Rate for a one-month
Interest Period commencing on such day plus 1.00 % per annum.

“Canadian Subsidiary” means any Subsidiary that is incorporated or otherwise
organized under the laws of Canada or any political subdivision thereof.

“Capital Lease Obligations” of any Person means the obligations of such Person
to pay rent or other amounts under any lease of (or other arrangement conveying
the right to use) real or personal property, or a combination thereof, which
obligations are or would have been required to be classified and accounted for
as capital leases on a balance sheet of such Person under GAAP as in effect on
December 31, 2012, and the amount of such obligations shall be the capitalized
amount thereof determined in accordance with GAAP as in effect on December 31,
2012. For avoidance of doubt, (a) leases entered into before December 31, 2012,
which did not constitute capitalized leases under GAAP as in effect on such date
and (b) leases entered into after December 31, 2012, which would not have been
required to be capitalized and accounted for as capital leases under GAAP as in
effect on such date are excluded from the definition of Capital Lease
Obligations.

“CDOR”, 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 CDOR Rate.

“CDOR Rate” means, for any day, the annual rate of interest determined by
reference to the arithmetic average of the discount rate quotations of all
institutions listed in respect of the relevant Interest Period for Canadian
Dollar-denominated bankers’ acceptances displayed and identified as such on the
“Reuters Screen CDOR Page” as defined in the International Swap Dealer
Association, Inc. definitions, as modified and amended from time to time, as of
10:00 a.m. Toronto local time on such day or, if such day is not a Business Day,
then on the immediately preceding Business Day (as adjusted by the Canadian
Agent after 10:00 a.m. Toronto local time to reflect any error in the posted
rate of interest or in the posted average annual rate of interest); provided
that if such rates are not available on the Reuters Screen CDOR Page on any
particular day, then the Canadian deposit offered rate component of such rate on
that day shall be calculated as the cost of funds quoted by JPM Toronto to raise
Canadian Dollars for the applicable Interest Period as of 10:00 a.m. Toronto
local time on such day for commercial loans or other extensions of credit to
businesses of comparable credit risk; or if such day is not a Business Day, then
as quoted by JPM Toronto on the immediately preceding Business Day. The “CDOR
Rate” for any Interest Period means the CDOR Rate, determined as provided above,
on the first day of such Interest Period.

“Change in Control” means (a) the ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the
Securities Exchange Act of 1934 and the rules of the Securities and Exchange
Commission thereunder as in effect on the date hereof) other than Permitted
Shareholders, of shares representing 35% or more of the aggregate ordinary
voting power represented by the issued and outstanding capital stock of the
Company at a time when Permitted Shareholders together (i) do not have the
unrestricted power directly or indirectly to vote or direct the vote of shares
representing a percentage of such aggregate ordinary voting power that is
greater than the percentage so owned by any such Person or group or (ii) do not
Control the Company; (b) occupation of a majority of the seats (other

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than vacant seats) on the board of directors of the Company by Persons who were
neither (i) nominated by the board of directors of the Company nor
(ii) appointed by directors so nominated; or (c) the occurrence of any “change
in control” or similar event, however denominated, resulting in an obligation on
the part of the Company or any Subsidiary to repay, redeem or repurchase, or to
offer to repay, redeem or repurchase, Material Indebtedness.

“Change in Law” means (a) the adoption of any law, rule or regulation after the
Closing Date, (b) any change in any law, rule or regulation or in the
interpretation or application thereof by any Governmental Authority after the
Closing Date or (c) compliance by any Lender or Issuing Bank (or, for purposes
of Section 2.14(b), by any lending office of such Lender or Issuing Bank or by
such Lender’s or such Issuing Bank’s holding company, if any) with any request,
guideline or directive (whether or not having the force of law) of any
Governmental Authority if such request, guideline or directive is made or issued
after the Closing Date and reflects a change after the Closing Date in the
policies or practices to which such request, guideline or directive relates;
provided that, notwithstanding anything herein to the contrary, (i) the
Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, guidelines or directives thereunder or issued in connection therewith and
(ii) all requests, rules, guidelines or directives promulgated by the Bank for
International Settlements, the Basel Committee on Banking Supervision (or any
successor or similar authority) or the United States or foreign regulatory
authorities, in each case pursuant to Basel III, shall in each case be deemed to
be a “Change in Law”, regardless of the date enacted, adopted, promulgated or
issued.

“Chinese Subsidiary” means any Subsidiary that is incorporated or otherwise
organized under the laws of China.

“Claims” has the meaning specified in Section 2.18(c).

“Class”, when used in reference to (a) any Loan or Borrowing, refers to whether
such Loan, or the Loans comprising such Borrowing, are Global Tranche Revolving
Loans, US Tranche Revolving Loans or Swingline Loans and (b) any Commitment,
refers to whether such Commitment is a Global Tranche Commitment or a US Tranche
Commitment.

“Closing Date” means the date of this Agreement.

“Code” means the Internal Revenue Code of 1986, as amended from time to time.

“Combined Tranche Percentage” means, with respect to any Lender at any time, the
percentage of the aggregate Commitments represented by such Lender’s Commitment
or Commitments at such time; provided that in the case of Section 2.21 when a
Defaulting Lender shall exist, “Combined Tranche Percentage” shall mean the
percentage of the total Commitments (disregarding any Defaulting Lender’s
Commitments) represented by such Lender’s Commitment or Commitments. If the
Commitments have expired or been terminated, the Combined Tranche Percentages
shall be determined on the basis of the Commitments most recently in effect,
giving effect to any assignments.

“Commitments” means the Global Tranche Commitments and the US Tranche
Commitments. The aggregate amount of the Commitments as of the Closing Date is
US$330,000,000.

“Commitment Fees” has the meaning specified in Section 2.11(a).

“Commitment Increase” has the meaning specified in Section 2.08(d).

“Company” has the meaning specified in the preamble.

“Consolidated EBITDA” means, for any period, Consolidated Net Income for such
period plus, without duplication and to the extent deducted from revenues in
determining Consolidated Net Income, the sum of (a) Consolidated Interest
Expense for such period, (b) income tax expense for such

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period, (c) depreciation and amortization for such period, (d) all non-cash
charges (including any non-cash expenses relating to stock option exercises or
other non-cash, stock-based compensation such as restricted stock units) during
such period (provided that any cash payment made with respect to any such
non-cash charge shall be subtracted in computing Consolidated EBITDA for the
period in which such cash payment is made), (e) all charges related to the early
retirement of Indebtedness during such period, (f) (i) restructuring charges
related to the Company’s French operations during such period; provided that the
aggregate amount to be added back with respect to all such restructuring charges
pursuant to this clause (f)(i) for all periods commencing with the fiscal
quarter during which the Closing Date shall have occurred shall not exceed
US$35,000,000 and (ii) other restructuring charges not in excess of (A)
US$15,000,000 in any period of four fiscal quarters or (B) US$50,000,000 in the
aggregate for all periods, in the case of each of such clauses (A) and (B),
commencing with the fiscal quarter during which the Closing Date shall have
occurred, (g) the amount of any pension settlement or curtailment expense
(including (i) any such expenses, incurred in prior periods, the recognition of
which has been deferred in accordance with GAAP, and (ii) any such expenses in
the form of premium payments or other obligations or amounts paid or payable to
third parties as consideration for the assumption or defeasance of such
obligations) required or permitted to be recognized during such period as the
result of the permanent settlement or defeasance of any pension obligation of
the Company or any Subsidiary, provided that the aggregate amount to be added
back with respect to all such pension settlement or curtailment expense pursuant
to this clause (g) for all periods commencing with the fiscal quarter during
which the Closing Date shall have occurred shall not exceed US$110,000,000 (of
which not more than US$40,000,000 may represent add-backs of cash expenses), and
(h) any losses attributable to sales of business operations not in the ordinary
course of business during such period and minus, without duplication, (i) all
non-cash gains and income for such period, (ii) any gains related to the early
retirement of Indebtedness for such period and (iii) any gains attributable to
sales of business operations not in the ordinary course of business for such
period, all determined on a consolidated basis for the Company and its
Subsidiaries in accordance with GAAP. Notwithstanding the foregoing Consolidated
EBITDA for the fiscal quarters of the Company ended June 30, 2012, September 30,
2012, and December 31, 2012, will be deemed for all purposes of this Agreement
to be US$85,328,000, US$38,846,000 and US$35,600,000, respectively.

“Consolidated Interest Expense” means, for any period, the gross interest
expense, whether expensed or capitalized (including the interest component in
respect of Capital Lease Obligations), accrued or paid by the Company and its
Subsidiaries during such period but excluding the amortization of deferred
financing costs, determined on a consolidated basis in accordance with GAAP. For
purposes of the foregoing, gross interest expense shall be determined after
giving effect to any net payments received by the Company or its Subsidiaries
under interest rate protection agreements, the effect of which is required to be
reflected in the Company’s income statement under “Interest Expense”.

“Consolidated Net Income” means, for any period, net income or loss of the
Company and its Subsidiaries for such period, determined on a consolidated basis
in accordance with GAAP.

“Consolidated Subsidiary” means at any date any Subsidiary or other entity the
accounts of which would be consolidated with those of the Company in its
consolidated financial statements if such financial statements were prepared on
such date in accordance with GAAP.

“Consolidated Tangible Net Worth” means at any date the consolidated common
shareholders’ equity of the Company and its Consolidated Subsidiaries less their
consolidated Intangible Assets, all determined as of such date.

“Control” means the possession, directly or indirectly, of the power to direct
or cause the direction of the management or policies of a Person, whether
through the ability to exercise voting power, by contract or otherwise.
“Controlling” and “Controlled” have meanings correlative thereto.

“Credit Event” means any borrowing or the issuance of any Letter of Credit.

“Credit Party” means the Administrative Agent, each Issuing Bank, the Swingline
Lender or any other Lender.

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“Default” means any event or condition which constitutes an Event of Default or
which upon notice, lapse of time or both would, unless cured or waived, become
an Event of Default.

“Defaulting Lender” means, subject to Section 2.21, any Lender that (a) has
failed, within two Business Days of the date required to be funded or paid, to
(i) fund any portion of its Loans, (ii) fund any portion of its participations
in Letters of Credit or Swingline Loans or (iii) pay over to any Credit Party
any other amount required to be paid by it hereunder, unless, in the case of
clause (i) above, such Lender notifies the Administrative Agent in writing that
such failure is the result of such Lender’s good faith determination that a
condition precedent to funding (specifically identified and including the
particular default, if any) has not been satisfied, (b) has notified the Company
or any Credit Party in writing, or has made a public statement to the effect,
that it does not intend or expect to comply with any of its funding obligations
under this Agreement (unless such writing or public statement indicates that
such position is based on such Lender’s good faith determination that a
condition precedent (specifically identified and including the particular
default, if any) to funding a loan under this Agreement cannot be satisfied) or
generally under other agreements in which it commits to extend credit, (c) has
failed, within three Business Days after request by a Credit Party, acting in
good faith, to provide a certification in writing from an authorized officer of
such Lender that it will comply with its obligations (and is financially able to
meet such obligations) to fund prospective Loans and participations in then
outstanding Letters of Credit and Swingline Loans under this Agreement, provided
that such Lender shall cease to be a Defaulting Lender pursuant to this clause
(c) upon such Credit Party’s receipt of such certification in form and substance
satisfactory to it and the Administrative Agent, or (d) has become the subject
of a Bankruptcy Event.

“Disclosed Matters” means the actions, suits and proceedings and the
environmental matters disclosed in Schedule 3.06.

“Domestic Subsidiary” means a Subsidiary that is incorporated or organized in
the United States of America or any state or other political subdivision,
territory or possession thereof.

“Effective Date” means the date on which the conditions specified in
Section 4.01 are satisfied (or waived in accordance with Section 10.02).

“EMU Legislation” means the legislative measures of the European Union for the
introduction of, changeover to or operation of the Euro in one or more member
states.

“Environmental Laws” means all laws, rules, regulations, codes, ordinances,
permits, licenses, orders, decrees, judgments, injunctions, notices or binding
agreements issued, promulgated or entered into by any Governmental Authority,
relating in any way to the environment, preservation or reclamation of natural
resources, the presence, management, release or threatened release of any
Hazardous Material or to health and safety matters.

“Environmental Liability” means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines,
penalties or indemnities), of the Company or any Subsidiary directly or
indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials,
(d) the presence, release or threatened release of any Hazardous Materials into
the environment or (e) any contract, agreement or other consensual arrangement
pursuant to which liability is assumed or imposed with respect to any of the
foregoing.

“Equity Interests” means any shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a
trust or other equity ownership interests in a Person, and any warrants, options
or other rights to acquire any such equity ownership interests.

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time.

8

  

“ERISA Affiliate” means any trade or business (whether or not incorporated)
that, together with the Company, is treated as a single employer under
Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of
ERISA and Section 412 of the Code, is treated as a single employer under Section
414 of the Code.

“ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of
ERISA or the regulations issued thereunder with respect to a Plan (other than an
event for which the 30-day notice period is waived); (b) a failure by any Plan
to satisfy the “minimum funding standards” (as defined in Section 412 of the
Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to
Section 412(c) of the Code or Section 302(c) of ERISA of an application for a
waiver of the minimum funding standard with respect to any Plan; (d) a
determination that any Plan is, or is expected to be, in “at risk” status (as
defined in Section 430(i)(4) of the Code or Section 303(i)(4) of ERISA); (e) the
incurrence by the Company or any of its ERISA Affiliates of any liability under
Title IV of ERISA with respect to the termination of any Plan; (f) the receipt
by the Company or any ERISA Affiliate from the PBGC or a plan administrator of
any notice relating to an intention to terminate any Plan or Plans or to appoint
a trustee to administer any Plan; (g) the incurrence by the Company or any of
its ERISA Affiliates of any liability with respect to the withdrawal or partial
withdrawal from any Plan or Multiemployer Plan; or (h) the receipt by the
Company or any ERISA Affiliate of any notice, or the receipt by any
Multiemployer Plan from the Company or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization,
within the meaning of Title IV of ERISA or in “endangered” or “critical” status
(within the meaning of Section 432 of the Code or Section 305 of ERISA).

“Euro” or “€” means the single currency of the European Union as constituted by
the Treaty on European Union and as referred to in the EMU Legislation.

“EURIBO Rate” means, with respect to any EURIBOR Borrowing for any Interest
Period, the rate appearing on the Reuters “EURIBOR 01” screen displaying the
EURIBOR Rate calculated by the European Central Bank (or on any successor or
substitute screen provided by Reuters, or any successor to or substitute for
such service, providing rate quotations comparable to those currently provided
on such screen, as determined by the Applicable Agent from time to time for
purposes of providing quotations of interest rates applicable to deposits in
Euro in the European interbank market) at approximately 10:00 a.m., London time,
on the Quotation Day for such Interest Period, as the rate for deposits in Euro
with a maturity comparable to such Interest Period. In the event that such rate
is not available at such time for any reason, then the “EURIBO Rate” with
respect to such EURIBOR Borrowing for such Interest Period shall be the rate at
which deposits in Euro the US Dollar Equivalent of which is US$5,000,000 and for
a maturity comparable to such Interest Period are offered by the principal
London office of the Administrative Agent in immediately available funds in the
European interbank market at approximately 10:00 a.m., London time, on the
Quotation Day for such Interest Period.

“EURIBOR”, 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 Adjusted EURIBO Rate.

“Event of Default” has the meaning specified in Article VII.

“Exchange Rate” means, on any day, for purposes of determining the US Dollar
Equivalent of any currency other than US Dollars, the rate at which such other
currency may be exchanged into US Dollars at the time of determination on such
day as set forth on the applicable Bloomberg Foreign Currency Cross Rates page.
In the event that such rate does not appear on the applicable Bloomberg Foreign
Currency Cross Rates page, the Exchange Rate shall be determined by reference to
such other publicly available service for displaying exchange rates as may be
agreed upon by the Administrative Agent and the Company, or, in the absence of
such an agreement, such Exchange Rate shall instead be the arithmetic average of
the spot rates of exchange of the Administrative Agent in the market where its
foreign currency exchange operations in respect of such currency are then being
conducted, at or about such time as the Administrative Agent shall elect after
determining that such rates shall be the basis for determining

9

  

the Exchange Rate, on such date for the purchase of US Dollars for delivery two
Business Days later; provided that if at the time of any such determination, for
any reason, no such spot rate is being quoted, the Administrative Agent, after
consultation with the Company, may use any reasonable method it deems
appropriate to determine such rate, and such determination shall be conclusive
absent manifest error.

“Excluded Divestiture” means any sale of assets (including Equity Interests in
any Subsidiary) for cash by the Company or any Subsidiary at a time when the
Leverage Ratio, giving pro forma effect to such sale (but not to any related
repayment of Indebtedness of the Company or any Subsidiary, other than any
prepayment of Indebtedness related to the assets sold that is required under the
terms of an agreement existing prior to, and not entered into in contemplation
of, such sale) as if it had occurred at the beginning of the period of four
consecutive fiscal quarters ended on or most recently prior to such time, shall
be less than 3.25 to 1.00.

“Excluded Taxes” means, (a) with respect to any Agent, any Lender, any Issuing
Bank or any other recipient of any payment to be made by or on account of any
obligation of a Borrower hereunder, (i) taxes on or measured by net income
(however denominated), franchise taxes, and branch profits taxes, in each case
imposed by the United States of America (or any state or municipality thereof),
or by any Governmental Authority as a result of a present or former connection
between the recipient and the jurisdiction of the Governmental Authority
imposing such tax or any political subdivision or taxing authority thereof or
therein (other than any such connection arising solely from the recipient having
executed, delivered or performed its obligations or received a payment under, or
enforced, this Agreement or any other Loan Document), (ii) any branch profit
taxes imposed by the United States of America or any similar tax imposed by any
other jurisdiction described in clause (i) above, (iii) any United States backup
withholding taxes and (iv) in the case of any Lender, any withholding tax that
is attributable to such Lender’s failure to comply with Section 2.17(f); (b)
with respect to any US Tranche Lender (other than a Lender that becomes a US
Tranche Lender through an assignment under Section 2.19(b) or following an Event
of Default with respect to the Company under Section 7.01(h) or (i)), any
withholding tax that is imposed by the United States of America on amounts
payable from locations within such jurisdiction to such Lender’s US Tranche
Lending Office, to the extent such tax is imposed (assuming the taking by such
Borrower and such Lender of all actions required in order for available
exemptions from such tax to be effective) pursuant to any law in effect and
applicable at the time such Lender becomes a party to this Agreement (or
designates a new US Tranche Lending Office), except to the extent that such
Lender (or its assignor, if any) was entitled, at the time of designation of a
new lending office (or assignment), to receive additional amounts with respect
to such withholding tax pursuant to Section 2.17; (c) with respect to any Global
Tranche Lender (other than a Lender that becomes a Global Tranche Lender through
an assignment under Section 2.19(b) or following an Event of Default with
respect to the Company under Section 7.01(h) or (i)), (i) any withholding tax
that is imposed on amounts payable by a Global Tranche Borrower organized in the
United States of America, Switzerland or Canada by any taxation authority of
such Borrower’s jurisdiction of organization on amounts payable from locations
within such jurisdiction to such Lender’s Global Tranche Lending Office
designated for Global Tranche Borrowers organized in such jurisdiction, to the
extent such tax is in imposed (assuming the taking by such Borrower and such
Lender of all actions required in order for available exemptions from such tax
to be effective) pursuant to any law in effect and applicable at the time such
Lender becomes a party to this Agreement (or designates a new Global Tranche
Lending Office for Global Tranche Borrowers organized in such jurisdiction),
except to the extent that such Lender (or its assignor, if any) was entitled, at
the time of designation of a new lending office (or assignment), to receive
additional amounts with respect to such withholding tax pursuant to Section 2.17
or (ii) any Swiss Withholding Tax that is imposed on amounts payable by a Swiss
Borrowing Subsidiary to such Lender’s applicable Global Tranche Lending Office,
to the extent such Swiss Withholding Tax is imposed as a direct result of (A) a
breach by such Lender (but not by any other Lender) under Section 2.17(h) or (B)
an assignment by such Lender (but not by any other Lender) without the consent
of such Swiss Borrowing Subsidiary in breach of the requirements of clause (ii)
of Section 10.04(d) or a sale by such Lender (but not by any other Lender) of a
participation, a sub-participation, or any other arrangement to a Non-Qualifying
Bank without the consent of such Swiss Borrowing Subsidiary in breach of the
requirements of clause (ii) of Section 10.04(d) or a breach of a Lender of the
representations and warranties in clause (ii) of Section 10.04(d). It is
understood and agreed that, as to any Global Tranche Lender, the status of any
Swiss Withholding Tax as an Excluded Tax shall not affect the rights of such

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Lender under Section 2.12(i) except to the extent provided in Section 2.12(j);
and (d) any U.S. Federal withholding Taxes imposed under FATCA.

“Existing Credit Agreement” means the Credit Agreement dated as of July 16,
2010, as amended by the First Amendment dated as of January 31, 2012, among the
Company, the Borrowing Subsidiaries party thereto, the Lenders party thereto,
JPMorgan Chase Bank, N.A., as Administrative Agent, JP Morgan Chase Bank, N.A.,
Toronto Branch, as Canadian Agent, and JPMorgan Europe Limited, as London Agent.

“Existing Letters of Credit” means letters of credit listed on Schedule 2.05
that are outstanding on the Effective Date and issued by an Issuing Bank,
whether under the Existing Credit Agreement or otherwise.

“FATCA” means, with regard to any Lender, Sections 1471 through 1474 of the
Code, as of the date of this Agreement, and any regulations or official
interpretations thereof.

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged
by 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 Business Day, the average (rounded upwards, if necessary, to
the next 1/100 of 1%) of the quotations for such day for such transactions
received by the Administrative Agent from three Federal funds brokers of
recognized standing selected by it.

“Financial Officer” means, as to any Person, the chief financial officer,
principal accounting officer, treasurer or controller of such Person.

“Financial Statement Delivery Date” means each date on which the Company
delivers financial statements under Section 5.01(a) or (b) (including by filing
with the Securities and Exchange Commission and notifying the Administrative
Agent of such filing as provided in Section 5.01).

“Foreign Lender” means any Lender that is organized under the laws of a
jurisdiction other than the United States of America or a political subdivision
thereof.

“Foreign Plans” has the meaning specified in Section 3.10(b).

“Foreign Subsidiary” means any Subsidiary other than a Domestic Subsidiary.

“GAAP” means generally accepted accounting principles in the United States of
America.

“Global Tranche” has the meaning specified in the definition of “Tranche”.

“Global Tranche Borrower” means (a) the Company, (b) any US Borrowing
Subsidiary, (c) any Swiss Borrowing Subsidiary, (d) any Canadian Borrowing
Subsidiary and (e) any Borrowing Subsidiary that is not a US Borrowing
Subsidiary, a Swiss Borrowing Subsidiary or a Canadian Borrowing Subsidiary and
that has been designated by the Administrative Agent as a Global Tranche
Borrower at the request of the Company and with the consent of each Global
Tranche Lender.

“Global Tranche Commitment” means, with respect to each Global Tranche Lender,
the commitment of such Global Tranche Lender to make Global Tranche Revolving
Loans pursuant to Section 2.01(a) and to acquire participations in Letters of
Credit and Swingline Loans hereunder, expressed as an amount representing the
maximum aggregate amount of such Global Tranche Lender’s Global Tranche
Revolving Credit Exposure, as such commitment may be reduced or increased from
time to time pursuant to Section 2.08 or assignments by or to such Global
Tranche Lender pursuant to Section 10.04. The initial

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amount of each Global Tranche Lender’s Global Tranche Commitment is set forth on
Schedule 2.01, or in the Assignment and Assumption pursuant to which such Global
Tranche Lender shall have assumed its Global Tranche Commitment, as the case may
be. The aggregate amount of Global Tranche Commitments on the Closing Date is
US$310,000,000.

“Global Tranche Lender” means a Lender with a Global Tranche Commitment or a
Global Tranche Revolving Credit Exposure.

“Global Tranche Lending Office” means, with respect to any Global Tranche
Lender, such office(s) as such Lender (or any Affiliate of such Lender) shall
have specified from time to time as its “Global Tranche Lending Office(s)” by
notice to the Company and the Administrative Agent. A Global Tranche Lender may
designate different Global Tranche Lending Offices for Loans to Global Tranche
Borrowers in different jurisdictions.

“Global Tranche Percentage” means, with respect to any Global Tranche Lender at
any time, the percentage of the aggregate Global Tranche Commitments represented
by such Global Tranche Lender’s Global Tranche Commitment at such time; provided
that in the case of Section 2.21 when a Defaulting Lender shall exist, “Global
Tranche Percentage” shall mean the percentage of the total Global Tranche
Commitments (disregarding any Defaulting Lender’s Global Tranche Commitment)
represented by such Lender’s Global Tranche Commitment. If the Global Tranche
Commitments have expired or been terminated, the Global Tranche Percentages
shall be determined on the basis of the Global Tranche Commitments most recently
in effect, giving effect to any assignments.

“Global Tranche Revolving Credit Exposure” means, with respect to any Global
Tranche Lender at any time, the sum of (a) the aggregate amount of the US Dollar
Equivalents of such Global Tranche Lender’s outstanding Global Tranche Revolving
Loans, (b) the amount of such Global Tranche Lender’s LC Exposure attributable
to its Global Tranche Commitment and (c) the amount of such Global Tranche
Lender’s Swingline Exposure attributable to its Global Tranche Commitment.

“Global Tranche Revolving Loans” means Loans made by the Global Tranche Lenders
pursuant to Section 2.01(a). Each Global Tranche Revolving Loan denominated in
US Dollars shall be a LIBOR Loan or, at the request of the applicable Borrower
as provided herein and solely in the case of a Global Tranche Revolving Loan
made to the Company or a US Borrowing Subsidiary, an ABR Loan. Each Global
Tranche Revolving Loan denominated in Euros shall be a EURIBOR Loan. Each Global
Tranche Revolving Loan denominated in (i) Canadian Dollars shall be Canadian
Prime or CDOR Loans or (ii) an Alternative Currency other than Euros or Canadian
Dollars shall be a LIBOR Loan.

“Governmental Authority” means the government of the United States of America,
any other nation or any political subdivision thereof, whether state or local,
and any agency, authority, instrumentality, regulatory body, court, central bank
or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government.

“Guarantee” of or by any Person means any obligation, contingent or otherwise,
of such Person guaranteeing or having the economic effect of guaranteeing any
Indebtedness or other obligation of any other Person (the “primary obligor”) in
any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply
funds for the purchase or payment of) such Indebtedness or other obligation or
to purchase (or to advance or supply funds for the purchase of) any security for
the payment thereof, (b) to purchase or lease property, securities or services
for the purpose of assuring the owner of such Indebtedness or other obligation
of the payment thereof, or (c) to maintain working capital, equity capital or
any other financial statement condition or liquidity of the primary obligor so
as to enable the primary obligor to pay such Indebtedness or other obligation;
provided, that the term Guarantee shall not include endorsements for collection
or deposit in the ordinary course of business.

“Guarantee Beneficiaries” has the meaning specified in Article IX.

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“Guarantee Requirement” means, at any time, that (a) the Subsidiary Guarantee
Agreement (or a supplement thereto) shall have been executed by (i) each
Domestic Subsidiary (other than (A) any Domestic Subsidiary that is a subsidiary
of a Foreign Subsidiary, (B) any Domestic Subsidiary that (x) does not conduct
any business operations, (y) has assets with a total book value not in excess of
US$1,000 and (z) does not have any Indebtedness outstanding and (C) any
Subsidiary that is created as a result of a Permitted AEC Transaction) existing
at such time and (ii) each Foreign Subsidiary that is a direct or indirect
parent corporation of a Borrower (it being understood that each such Foreign
Subsidiary will guarantee only the Obligations of such Borrower), shall have
been delivered to the Administrative Agent and shall be in full force and
effect, (b) the Indemnity, Subrogation and Contribution Agreement (or a
supplement thereto) shall have been executed by the Company and each Domestic
Subsidiary party to the Subsidiary Guarantee Agreement, shall have been
delivered to the Administrative Agent and shall be in full force and effect and
(c) as to each Subsidiary that shall become a party to the Subsidiary Guarantee
Agreement after the Effective Date, the Administrative Agent shall have received
documents comparable to those delivered under paragraphs (b) and (f) of Section
4.01 with respect to Subsidiaries party to such Subsidiary Guarantee Agreement
on the Effective Date.

“Guarantor” means the Company or any Subsidiary Guarantor.

“Guidelines” means, together, (i) Guideline S-02.123 in relation to interbank
loans of September 22, 1986 (Merkblatt “Verrechnungssteuer auf Zinsen von
Bankguthaben, deren Gläubiger Banken sind (Interbankguthaben)” vom 22. September
1986), (ii) Guideline S-02.122.1 in relation to bonds of April 1999 (Merkblatt
“Obligationen” vom April 1999), (iii) Guideline S-02.130.1 in relation to money
market instruments and accounts receivable of April 1999
(Merkblatt“Geldmarktpapiere und Buchforderungen inländischer Schuldner” vom
April 1999), (iv) Guideline S-02.128 in relation to syndicated credit facilities
of January 2000 (Merkblatt “Steuerliche Behandlung von Konsortialdarlehen,
Schuldscheindarlehen, Wechseln und Unterbeteiligungen” vom Januar 2000) and (v)
Circular Letter no. 34 in relation to customer credit balances of July 26, 2011
(Kreisschreiben Nr. 34 "Kundenguthaben" vom 26. Juli 2011), in each case as
issued, amended or substituted from time to time by the Swiss Federal Tax
Administration.

“Hazardous Materials” means all explosive or radioactive substances or wastes
and all hazardous or toxic substances, wastes or other pollutants, including
petroleum or petroleum distillates, asbestos or asbestos containing materials,
polychlorinated biphenyls, radon gas, infectious or medical wastes and all other
substances, materials or wastes of any nature regulated pursuant to any
Environmental Law.

“Hedging Agreement” means any interest rate protection agreement, foreign
currency exchange agreement, commodity price protection agreement or other
interest or currency exchange rate or commodity price hedging arrangement.

“Immaterial Subsidiary” means any Subsidiary (other than any Borrower, any
Guarantor or any Subsidiary that directly or indirectly owns capital stock of
any Borrower or Guarantor) with respect to which both

(a) the sum of (i) the consolidated book value of the assets of such Subsidiary
and (ii) the aggregate consolidated book value of the assets of each other
Subsidiary that has a lower consolidated book value than the assets of the
Subsidiary specified in clause (i) is less than 3% of the aggregate consolidated
book value of the total assets of the Company and all the Subsidiaries, in each
case determined as of the last day of the most recently ended fiscal year for
which financial statements are available, and

(b) the sum of (i) such Subsidiary’s consolidated net income and (ii) the
aggregate consolidated net income of each other Subsidiary that has a lower
consolidated net income than that of the Subsidiary specified in clause (i) is
less than 3% of Consolidated Net Income, in each case for the most recently
ended fiscal year for which financial statements are available.

13

  

“Increase Effective Date” has the meaning specified in Section 2.08(d).

“Increasing Lender” has the meaning specified in Section 2.08(d).

“Indebtedness” of any Person means, without duplication, (a) all obligations of
such Person for borrowed money or with respect to deposits or advances of any
kind, (b) all obligations of such Person evidenced by bonds, debentures, notes
or similar instruments, (c) all obligations of such Person under conditional
sale or other title retention agreements relating to property acquired by such
Person, (d) all obligations of such Person in respect of the deferred purchase
price of property or services (excluding current accounts payable and
obligations under Hedging Agreements, in each case incurred in the ordinary
course of business), (e) all Indebtedness of others secured by (or for which the
holder of such Indebtedness has an existing right, contingent or otherwise, to
be secured by) any Lien on property owned or acquired by such Person, whether or
not the Indebtedness secured thereby has been assumed, (f) all Guarantees by
such Person of Indebtedness of others, (g) all Capital Lease Obligations of such
Person, (h) all obligations of such Person as an account party in respect of
letters of credit and letters of guaranty and (i) all obligations of such Person
in respect of bankers’ acceptances. The Indebtedness of any Person shall include
the Indebtedness of any other entity (including any partnership in which such
Person is a general partner) to the extent such Person is liable therefor as a
result of such Person’s ownership interest in or other relationship with such
entity, except to the extent the terms of such Indebtedness provide that such
Person is not liable therefor.

“Indemnified Taxes” means Taxes other than Excluded Taxes and Other Taxes.

“Indemnitee” has the meaning specified in Section 10.03(b).

“Indemnity, Subrogation and Contribution Agreement” means an Indemnity,
Subrogation and Contribution Agreement substantially in the form of Exhibit E
hereto.

“Initial Borrowings” has the meaning specified in Section 2.08(d).

“Intangible Assets” means the amount (to the extent reflected in determining
consolidated common shareholders’ equity of the Company in accordance with GAAP)
of (i) all write-ups (other than write-ups resulting from foreign currency
transactions and write-ups of assets of a going concern business made within
twelve months after the acquisition of such business) subsequent to December 31,
2005, in the book value of any asset owned by the Company or a Consolidated
Subsidiary, (ii) all investments in unconsolidated Subsidiaries and all equity
investments in Persons that are not Subsidiaries, in each case to the extent
that the carrying value of any such investment on any Company’s books exceeds
its historical cost and (iii) all unamortized debt discount and expense,
unamortized deferred charges (but only to the extent that the aggregate amount
thereof exceeds US$15,000,000), goodwill, patents, trademarks, service marks,
trade names, copyrights, organization or developmental expenses and other
intangible assets.

“Interest Election Request” means a request by a Borrower to convert or continue
a Borrowing in accordance with Section 2.07.

“Interest Payment Date” means (a) with respect to any ABR Loan (other than a
Swingline Loan) or a Canadian Prime Loan, the last day of each March, June,
September and December, (b) with respect to any LIBOR Loan, EURIBOR Loan or CDOR
Loan, the last day of the Interest Period applicable to the Borrowing of which
such Loan is a part and, in the case of a LIBOR or EURIBOR Borrowing with an
Interest Period of more than three months’ duration, each day prior to the last
day of such Interest Period that occurs at intervals of three months’ duration
after the first day of such Interest Period, and (c) with respect to any
Swingline Loan, the day that such Loan is required to be repaid.

“Interest Period” means, with respect to any LIBOR, EURIBOR or CDOR Borrowing,
the period commencing on the date of such Borrowing and ending on the
numerically corresponding day in

14

  

the calendar month that is one, two, three or six months thereafter (or, solely
in the case of an Interest Period commencing on the Effective Date, on such
other day as shall have been requested by the Company, approved by the
Administrative Agent and communicated to the applicable Lenders), as the
applicable Borrower may elect; provided that (i) if any Interest Period would
end on a day other than a Business Day, such Interest Period shall be extended
to the next succeeding Business Day unless such next succeeding Business Day
would fall in the next calendar month, in which case such Interest Period shall
end on the next preceding Business Day and (ii) any Interest Period that
commences on the last Business Day of a calendar month (or on a day for which
there is no numerically corresponding day in the last calendar month of such
Interest Period) shall end on the last Business Day of the last calendar month
of such Interest Period. For purposes hereof, the date of a Borrowing initially
shall be the date on which such Borrowing is made and thereafter shall be the
effective date of the most recent conversion or continuation of such Borrowing.

“Issuing Bank” means JPMCB, JPM Toronto, and up to five other Lenders that may
become Issuing Banks hereunder from time to time by entering into Issuing Bank
Agreements with the Company, each in its capacity as an issuer of Letters of
Credit hereunder, and the successors of any such person in such capacity as
provided in Section 2.05(i). Each Issuing Bank may, in its discretion, arrange
for one or more Letters of Credit to be issued by Affiliates of such Issuing
Bank, in which case the term “Issuing Bank” shall include any such Affiliate
with respect to Letters of Credit issued by such Affiliate.

“Issuing Bank Agreement” means an Issuing Bank Agreement between an Issuing
Bank, the Administrative Agent and the Company substantially in the form of
Exhibit C-1.

“Issuing Bank Fee” has the meaning specified in Section 2.11(b).

“JPMCB” means JPMorgan Chase Bank, N.A. and its successors.

“JPMEL” means J.P. Morgan Europe Limited and its successors.

“JPM Toronto” means JPMorgan Chase Bank, N.A., Toronto Branch and its
successors.

“LC Commitment” means, as to any Issuing Bank, the maximum permitted amount of
the LC Exposure that may be attributable to Letters of Credit issued by such
Issuing Bank. The initial amount of each Issuing Bank’s LC Commitment is set
forth on Schedule 2.01 or in such Issuing Bank’s Issuing Bank Agreement.

“LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter
of Credit.

“LC Exchange Rate” means, on any day, with respect to US Dollars in relation to
any Alternative Currency, the rate at which US Dollars may be exchanged into
such Alternative Currency, as set forth at approximately 12:00 noon, New York
City time, on such day on the applicable Bloomberg Foreign Currency Cross Rates
page. In the event that such rate does not appear on the applicable Bloomberg
Foreign Currency Cross Rates page, the LC Exchange Rate shall be determined by
reference to such other publicly available service for displaying exchange rates
as may be agreed upon by the Applicable Agent and the Company or, in the absence
of such agreement, such LC Exchange Rate shall instead be the arithmetic average
of the spot rates of exchange of the Applicable Agent in the market where its
foreign currency exchange operations in respect of such currency are then being
conducted, at or about 11:00 a.m., London time, on such date for the purchase of
such Alternative Currency with US Dollars for delivery two Business Days later;
provided that if at the time of any such determination, for any reason, no such
spot rate is being quoted, the Applicable Agent, after consultation with the
Company, may use any reasonable method it deems appropriate to determine such
rate, and such determination shall be conclusive absent manifest error.

15

  

“LC Exposure” means, at any time, the sum of (a) the US Dollar Equivalents of
the undrawn amounts of all outstanding Letters of Credit at such time plus
(b) the sum of the US Dollar Equivalents of the amounts of all LC Disbursements
that have not yet been reimbursed by or on behalf of the applicable Borrowers at
such time (giving effect to any conversion of the Borrowers’ reimbursement
obligations in respect of any LC Disbursements into US Dollar denominated
obligations as provided in Section 2.05). The LC Exposure of any Lender at any
time shall be its Combined Tranche Percentage of the aggregate LC Exposure at
such time, adjusted to give effect to any reallocation under Section 2.21 of the
LC Exposures of Defaulting Lenders in effect at such time.

“LC Fronting Fee” has the meaning specified in Section 2.11(b).

“LC Participation Calculation Date” means, with respect to any LC Disbursement
made in a currency other than US Dollars, (a) the date on which the applicable
Issuing Bank shall advise the Applicable Agent that it purchased with US Dollars
the currency used to make such LC Disbursement or (b) if such Issuing Bank shall
not advise the Applicable Agent that it made such a purchase, the date on which
such LC Disbursement is made.

“LC Participation Fee” has the meaning specified in Section 2.11(b).

“Lenders” means the Persons listed on Schedule 2.01, any other Person that shall
have become a Lender pursuant to an Assignment and Assumption or Section
2.08(d), other than any such Person that ceases to be a party hereto pursuant to
an Assignment and Assumption. Unless the context otherwise requires, the term
“Lenders” includes the Swingline Lender.

“Letter of Credit” means any letter of credit issued pursuant to this Agreement,
and, as of the Effective Date, the Existing Letters of Credit, other than any
such letter of credit that shall have ceased to be a “Letter of Credit”
outstanding hereunder pursuant to Section 10.05.

“Leverage Ratio” means, on any date, the ratio of (i) Total Debt at such date to
(ii) Consolidated EBITDA for the period of four consecutive fiscal quarters of
the Company ended on or most recently prior to such date (and solely for
purposes of this definition, if any Person shall have been acquired or divested
by the Company or its Consolidated Subsidiaries or if the Company shall have
merged with any Person during such period, Consolidated EBITDA shall be
determined on a pro forma basis as if such acquisition, divestiture or merger,
and any related incurrence or repayment of Indebtedness, had occurred at the
beginning of such period).

“LIBO Rate” means, with respect to any LIBOR Borrowing denominated in any
currency for any Interest Period, the rate appearing on the Reuters Screen
LIBOR01 Page (or on any successor or substitute page on such screen) at
approximately 11:00 a.m., London time, on the Quotation Day for such Interest
Period, as the rate for deposits in such currency in the London interbank market
with a maturity comparable to such Interest Period. In the event that such rate
does not appear on such page (or on any successor or substitute page), the “LIBO
Rate” shall be determined by reference to such other publicly available service
displaying interest rates applicable to deposits in such currency in the London
interbank market as may be reasonably selected by the Administrative Agent or,
in the absence of such availability, by reference to the rate at which deposits
in such currency the US Dollar Equivalent of which is approximately US$5,000,000
and for a maturity comparable to such Interest Period are offered by the
principal London office of the Administrative Agent in immediately available
funds in the London interbank market at approximately 11:00 a.m., London time,
on the Quotation Day for such Interest Period.

“LIBOR”, 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 Adjusted LIBO Rate.

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of
such asset, (b) the interest of a lessor

16

  

under any capital lease relating to such asset and (c) in the case of
securities, any purchase option, call or similar right of a third party with
respect to such securities.

“Loan Documents” means this Agreement, each Borrowing Subsidiary Agreement, each
Borrowing Subsidiary Termination, the promissory notes, if any, executed and
delivered pursuant to Section 2.09(e), the Subsidiary Guarantee Agreement, the
Indemnity, Subrogation and Contribution Agreement and the Letters of Credit.

“Loan Parties” means the Borrowers and the Guarantors; provided that, solely for
purposes of Section 6.07, the Loan Parties shall not include AIH, AIE, AIC or
any Subsidiary that is excluded from the definition of “Subsidiary Guarantor”
pursuant to the proviso contained in such definition.

“Loans” means the loans made by the Lenders to the Borrowers pursuant to this
Agreement.

“Local Time” means (a) with respect to any Loan or Borrowing denominated in US
Dollars or any Letter of Credit (other than a Letter of Credit issued for the
account of a Canadian Borrowing Subsidiary), New York City time, (b) with
respect to any Loan or Borrowing denominated in any currency other than US
Dollars or Canadian Dollars, London time and (c) with respect any Loan or
Borrowing denominated in Canadian Dollars or any Letter of Credit issued for the
account of a Canadian Borrowing Subsidiary, Toronto time.

“London Agent” means J.P. Morgan Europe Limited.

“Mandatory Costs Rate” has the meaning set forth in Exhibit C-3.

“Marketable Securities” means any debt or equity securities for which an active
trading market exists and price quotations are available.

“Material Adverse Change” means any event, development or circumstance that has
had or could reasonably be expected to have a Material Adverse Effect.

“Material Adverse Effect” means a material adverse effect on (a) the business,
operations, property, or financial condition of the Company and the Subsidiaries
taken as a whole, or (b) the validity or enforceability of any of the Loan
Documents or the rights and remedies of the Agents, the Issuing Banks or the
Lenders thereunder.

“Material Indebtedness” means Indebtedness (other than the Obligations under
this Agreement or under any other Loan Document), or obligations in respect of
one or more Hedging Agreements, of any one or more of the Company and the
Subsidiaries in an aggregate principal amount exceeding US$20,000,000. For
purposes of determining Material Indebtedness, the “principal amount” of the
obligations of the Company or any Subsidiary in respect of any Hedging Agreement
at any time shall be the maximum aggregate amount (giving effect to any netting
agreements provided for in such Hedging Agreement) that the Company or such
Subsidiary would be required to pay if such Hedging Agreement were terminated at
such time.

“Material Subsidiary” means each Subsidiary that is not an Immaterial
Subsidiary.

“Maturity Date” means March 26, 2018.

“MNPI” means material information concerning the Company and the Subsidiaries
and their securities that has not been disseminated in a manner making it
available to investors generally, within the meaning of Regulation FD under the
Securities Act and the Exchange Act.

17

  

“Moody’s” means Moody’s Investors Service, Inc. and any successors thereto.

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3)
of ERISA.

“Net Proceeds” means, with respect to any event, an amount equal to (a) the cash
proceeds received in respect of such event including (i) any cash received in
respect of any non-cash proceeds, but only as and when received, (ii) in the
case of a casualty, insurance proceeds, and (iii) in the case of a condemnation
or similar event, condemnation awards and similar payments, net of (b) the sum
of (i) all reasonable fees and out-of-pocket expenses paid by the Company and
the Subsidiaries to third parties (other than Affiliates) in connection with
such event, (ii) in the case of a sale or other disposition of an asset
(including pursuant to a casualty or condemnation), the amount of all payments
required to be made by the Company and the Subsidiaries as a result of such
event to repay Indebtedness (other than Loans) secured by such asset or
otherwise subject to mandatory prepayment as a result of such event, and
(iii) the amount of all taxes paid (or reasonably estimated to be payable) by
the Company and the Subsidiaries, and the amount of any reserves established by
the Company and the Subsidiaries to fund contingent liabilities reasonably
estimated to be payable, that are directly attributable to such event (as
determined reasonably and in good faith by the chief financial officer of the
Company).

“Non-Qualifying Bank” means any Person who does not qualify as a Qualifying
Bank.

“Non-Refundable Portion” has the meaning given such term in Section 2.12(i).

“Non-Wholly Owned Subsidiary” means a Subsidiary that is not a Wholly Owned
Subsidiary.

“Obligations” means (a) the due and punctual payment of (i) the principal of and
interest (including interest accruing during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding) on the Loans, when and as due, whether
at maturity, by acceleration, upon one or more dates set for prepayment or
otherwise, (ii) each payment required to be made under this Agreement in respect
of any Letter of Credit, when and as due, including payments in respect of
reimbursement of LC Disbursements, interest thereon and obligations to provide
cash collateral, and (iii) all other monetary obligations of the Company or any
Subsidiary under this Agreement and each other Loan Document, including
obligations to pay fees, expense reimbursement obligations and indemnification
obligations, whether primary, secondary, direct, contingent, fixed or otherwise
(including monetary obligations incurred during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding), (b) the due and punctual payment of
all obligations of the Company under each Hedging Agreement that (i) is in
effect on the Effective Date with a counterparty that is a Lender (or an
Affiliate thereof) as of the Effective Date or (ii) is entered into after the
Effective Date with any counterparty that is a Lender (or an Affiliate thereof)
at the time such Hedging Agreement is entered into, (c) the due and punctual
performance of all other obligations of each Borrower under or pursuant to this
Agreement and each of the other Loan Documents, and (d) the due and punctual
payment and performance of all the obligations of each other Loan Party under or
pursuant to this Agreement and each of the other Loan Documents.

“Other Taxes” means any and all present or future stamp, recording, transfer,
sales, documentary, excise, property or similar taxes, charges or levies (and
any interest, penalties or additions relating thereto) arising from any payment
made under any Loan Document or from the execution, delivery or enforcement of,
or otherwise with respect to, any Loan Document.

“Parent” means, with respect to any Lender, any Person as to which such Lender
is, directly or indirectly, a subsidiary.

“Participant” has the meaning specified in Section 10.04(c).

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“Participant Register” has the meaning given such term in Section 10.04(c).

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in
ERISA and any successor entity performing similar functions.

“Permitted AEC Transaction” means (i) the sale of Equity Interests in AEC to a
third party for fair value, (ii) the contribution of all or a portion of the
assets of AEC (and any related technology and assets of the Company as the
Company may determine) to an entity newly-formed for the purpose of establishing
joint ownership with one or more third parties in exchange for Equity Interests
in such newly-formed entity, (iii) any sale for fair value of Equity Interests
in such newly-formed entity (in one or more transactions) to any third parties
pursuant to the terms of the shareholders’ agreement, joint ownership agreement
or other constitutive or operative document relating to such newly-formed entity
(as such agreements or documents may be amended from time to time), and/or (iv)
provision of additional services by the Company or a Subsidiary to such joint
ownership entity (and/or a Wholly-Owned Subsidiary thereof) on a basis at least
sufficient to compensate the Company or such Subsidiary for its cost in
providing such services (as such cost is determined in good faith by the Company
or such Subsidiary). For purposes of subclause (iii) of this definition, “fair
value” at any time shall include a formula price theretofore agreed or accepted
by the Company on the basis of the Company’s good faith estimate of future fair
value.

“Permitted Investments” means:

(a) direct obligations of, or obligations the principal of and interest on which
are unconditionally guaranteed by, the United States of America (or by any
agency thereof to the extent such obligations are backed by the full faith and
credit of the United States of America), in each case maturing within one year
from the date of acquisition thereof;

(b) investments in commercial paper maturing within 270 days from the date of
acquisition thereof and having, at such date of acquisition, the highest credit
rating obtainable from S&P or from Moody’s;

(c) investments in certificates of deposit, bankers’ acceptances and time
deposits maturing within 180 days from the date of acquisition thereof issued or
guaranteed by or placed with, and money market deposit accounts issued or
offered by, any domestic office of any commercial bank organized under the laws
of the United States of America or any State thereof which has a combined
capital and surplus and undivided profits of not less than US$500,000,000;

(d) fully collateralized repurchase agreements with a term of not more than 30
days for securities described in clause (a) above and entered into with a
financial institution satisfying the criteria described in clause (c) above;

(e) shares of money market mutual or similar funds that invest exclusively in
assets satisfying the requirements of clauses (a) through (d) above;

(f) money market mutual or similar funds offered by any Lender or Affiliate of a
Lender; and

(g) investments by Albany International Tecidos Tecnicos Ltda. in the debt
securities of Bradesco Empresas not to exceed US$5,000,000 in the aggregate at
any time;

provided that, in the case of any investment by a Foreign Subsidiary, “Permitted
Investments” shall also include: (i) direct obligations of the sovereign nation
(or any agency thereof) in which such Foreign Subsidiary is organized and is
conducting business or obligations fully and unconditionally guaranteed by such
sovereign nation (or any agency thereof), (ii) investments of the type and
maturity described in clauses (a) through (d) above of foreign obligors, which
investments or obligors (or the parents of such obligors)

19

  

have ratings described in such clauses or equivalent ratings from comparable
foreign rating agencies and (iii) shares of money market mutual or similar funds
which invest exclusively in assets otherwise satisfying the requirements of this
definition (including this proviso).

“Permitted Shareholders” means (a) J. Spencer Standish, (b) any of J. Spencer
Standish’s descendants or legatees, (c) any executor, personal representative or
spouse of J. Spencer Standish or any of his descendants, (d) any corporation,
trust or other entity holding voting stock of the Company as to which one or
more of the Persons identified in the foregoing clauses (a) through (c) have
Control, (e) any trust as to which Persons so identified in clauses (a) through
(c) above hold at least 85% of the beneficial interest in the income and
principal of the trust disregarding the interests of the contingent remaindermen
and (f) any employee stock ownership plan for the benefit of employees of the
Company.

“Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority
or other entity.

“Plan” means any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or
Section 302 of ERISA, sponsored, maintained or contributed to by the Company or
any ERISA Affiliate.

“Prepayment Event” means any sale, transfer or other disposition of any property
or asset of the Company or any Subsidiary in respect of which the Commitments
are required to be reduced pursuant to Section 6.03(i) or 6.06(c).

“Prime Rate” means the rate of interest per annum publicly announced from time
to time by JPMCB as its prime rate in effect at its principal office in New York
City. Each change in the Prime Rate shall be effective from and including the
date such change is publicly announced as being effective.

“Private Side Lender Representatives” means, with respect to any Lender,
representatives of such Lender that are not Public Side Lender Representatives.

“Pro Rata Proceeds” means, with respect to any sale, transfer or other
disposition of any property or asset on any day, an amount equal to the product
of (a) 75% of the Net Proceeds of such sale, transfer or disposition and (b) a
fraction, the numerator of which is the aggregate Revolving Credit Exposures on
such day and the denominator of which is the numerator plus the outstanding
aggregate principal amount of the Company’s 6.84% Senior Notes due 2017 on such
day.

“Public Side Lender Representatives” means, with respect to any Lender,
representatives of such Lender that do not wish to receive MNPI.

“Qualifying Bank” means any entity which is recognized as a bank by the banking
laws in force in its country of incorporation, or if acting through a branch, in
the country of that branch, and which exercises as its main purpose a true and
genuine banking activity, having bank personnel, premises, communication devices
of its own and the authority of decision-making.

“Quotation Day” means, with respect to any LIBOR Borrowing, EURIBOR Borrowing or
CDOR Borrowing and any Interest Period, the day on which it is market practice
in the relevant interbank market for prime banks to give quotations for deposits
in the currency of such Borrowing for delivery on the first day of such Interest
Period. If such quotations would normally be given by prime banks on more than
one day, the Quotation Day will be the last of such days.

“Receivables” means all accounts, contract rights, chattel paper, instruments,
general intangibles and other assets arising out of or in connection with the
sale or lease of goods or the rendering of services.

“Register” has the meaning specified in Section 10.04.

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“Regulation D” means Regulation D of the Board as from time to time in effect
and all official rulings and interpretations thereunder or thereof.

“Regulation T” means Regulation T of the Board as from time to time in effect
and all official rulings and interpretations thereunder or thereof.

“Regulation U” means Regulation U of the Board as from time to time in effect
and all official rulings and interpretations thereunder or thereof.

“Regulation X” means Regulation X of the Board as from time to time in effect
and all official rulings and interpretations thereunder or thereof.

“Related Parties” means, with respect to any specified Person, such Person’s
Affiliates and the respective directors, officers, employees, agents and
advisors of such Person and such Person’s Affiliates.

“Required Lenders” means, at any time, Lenders having Revolving Credit Exposures
and unused Commitments representing more than 50% of the aggregate Revolving
Credit Exposures and unused Commitments at such time.

“Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests of the
Company, or any payment (whether in cash, securities or other property),
including any sinking fund or similar deposit, on account of the purchase,
redemption, retirement, acquisition, cancelation or termination of any such
Equity Interests or any option, warrant or other right to acquire any such
Equity Interests; provided that none of (a) any dividend or distribution
consisting solely of common stock of the Company, (b) the payment of cash in
lieu of fractional shares in connection with any such common stock dividend or
distribution or (c) the acceptance of shares of common stock of the Company in
payment of the exercise price of any option to acquire any such shares of common
stock of the Company shall constitute a Restricted Payment.

“Revolving Credit Exposure” means a Global Tranche Revolving Credit Exposure or
a US Tranche Revolving Credit Exposure, as applicable.

“Revolving Loan” means any Global Tranche Revolving Loan or US Tranche Revolving
Loan, as applicable.

“S&P” means Standard & Poor’s or any successor thereto.

“Sanctioned Entity” means (a) a country or a government of a country, (b) an
agency of the government of a country, (c) an organization directly or
indirectly owned or controlled by a country, or (d) a Person resident in, or
determined to be resident in, a country, in each case, that is the subject of a
comprehensive country sanctions program identified on the list maintained and
published by OFAC and available at
http://www.treas.gov/offices/enforcement/ofac/programs, or as otherwise
published from time to time as such program may be applicable to such agency,
organization or Person. The countries currently the subject of a comprehensive
country OFAC sanctions program are Cuba, Iran, Myanmar, North Korea, Sudan and
Syria.

“Sanctioned Person” means (a) a Person named on the list of Specially Designated
Nationals or Blocked Persons maintained by OFAC available at
http://www.treas.gov/offices/enforcement/ofac/sdn/index.html, or as otherwise
published from time to time, or (b) a Person owned or controlled by a Person
named on the list of Specially Designated Nationals or Blocked Persons.

“Statutory Reserve Rate” means, with respect to any currency, a fraction
(expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus

21

  

the aggregate of the maximum reserve, liquid asset or similar percentages
(including any marginal, special, emergency or supplemental reserves) expressed
as a decimal established by any Governmental Authority of the United States of
America or of the jurisdiction of such currency or in which any subject Loans in
such currency are made to which banks in such jurisdiction are subject for any
category of deposits or liabilities customarily used to fund loans in such
currency or by reference to which interest rates applicable to Loans in such
currency are determined. Such reserve, liquid asset or similar percentages shall
include those imposed pursuant to Regulation D (and for purposes of
Regulation D, LIBOR Loans shall be deemed to constitute eurocurrency
liabilities). Loans shall be deemed to be subject to such reserve requirements
without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under Regulation D or any other
applicable law, rule or regulation. The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve
percentage.

“Subsequent Borrowings” has the meaning specified in Section 2.08(d).

“subsidiary” means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity
the accounts of which would be consolidated with those of the parent in the
parent’s consolidated financial statements if such financial statements were
prepared in accordance with GAAP as of such date, as well as any other
corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than 50%
of the equity or more than 50% of the ordinary voting power or, in the case of a
partnership, more than 50% of the general partnership interests are, as of such
date, owned, controlled or held, or (b) that is, as of such date, otherwise
Controlled, by the parent or one or more subsidiaries of the parent or by the
parent and one or more subsidiaries of the parent. For purposes of
Section 4.02(a), references to “subsidiaries” herein shall be deemed, on the
date of any subsequent borrowing to finance the acquisition of any Person, to
include any Person to be acquired on such date.

“Subsidiary” means any subsidiary of the Company.

“Subsidiary Guarantee Agreement” means a Guarantee Agreement substantially in
the form of Exhibit D hereto.

“Subsidiary Guarantor” means each Subsidiary that is or is required to be a
party to, or each Domestic Subsidiary that is not required under the Guarantee
Requirement but elects, at any time, to become a party to, the Subsidiary
Guarantee Agreement, and the permitted successors and assigns of each such
Person; provided that, solely for purposes of Sections 6.01, 6.03 and 6.07, any
Subsidiary that has not guaranteed the Obligations of all the Borrowers
hereunder will not be deemed to be a Subsidiary Guarantor.

“Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Lender
at any time shall be such Lender’s Combined Tranche Percentage of the aggregate
Swingline Exposure, adjusted to give effect to any reallocation under Section
2.21 of the Swingline Exposures of Defaulting Lenders in effect at such time.

“Swingline Lender” means JPMCB, in its capacity as lender of Swingline Loans
hereunder.

“Swingline Loan” means a Loan made pursuant to Section 2.04.

“Swiss Borrowing Subsidiary” means any Borrowing Subsidiary that is a Swiss
Subsidiary.

“Swiss Federal Tax Administration” means the Swiss federal tax administration
referred to in Article 34 of the Swiss Withholding Tax Act.

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“Swiss Subsidiary” means any Subsidiary that is incorporated or otherwise
organized under the laws of, or resident for tax purposes in, Switzerland or any
political subdivision thereof, including, with respect to AIH, the Guernsey
branch.

“Swiss Ten Non-Bank Rule” means the rule that the aggregate number of Lenders
and Participants in respect of Loans to any Swiss Borrowing Subsidiary pursuant
to this Agreement that are Non-Qualifying Banks must not at any time exceed ten,
all in accordance with the Guidelines.

“Swiss Twenty Non-Bank Rule” means the rule that the aggregate number of
creditors other than Qualifying Banks of any Swiss Borrowing Subsidiary under
all outstanding debts relevant for the classification as debenture
(Kassenobligation) (including intragroup loans if and to the extent intra-group
loans are not exempt in accordance with art. 14a of the Swiss Federal Ordinance
on Withholding Tax, facilities or private placements, as the case may be,
(including Loans pursuant to this Agreement)) must not at any time exceed
twenty, all in accordance with the Guidelines, it being understood that for
purposes hereof the maximum number of ten Non-Qualifying Banks permitted under
this Agreement shall be taken into account (whether or not ten Non-Qualifying
Banks do so participate at any given time).

“Swiss Withholding Tax” means the withholding tax imposed by the Swiss Federal
Withholding Tax Act.

“Swiss Withholding Tax Act” means the Swiss federal act on withholding tax, of
October 13, 1965, as modified from time to time (“Bundesgesetz über die
Verrechnungssteuer vom 13. Oktober 1965”).

“Swiss Withholding Tax Rules” means, together, the Swiss Ten Non-Bank Rule and
the Swiss Twenty Non-Bank Rule.

“TARGET” means the Trans-European Automated Real Time Gross Settlement Express
Transfer (TARGET) payment system.

“Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, charges, assessments, fees or withholdings imposed by any
Governmental Authority, including any interest, additions to tax or penalties
applicable thereto.

“Total Debt” means, at any time, the sum of (a) all Indebtedness that is or
should be reflected as a liability on a consolidated balance sheet of the
Company and the Subsidiaries in accordance with GAAP and (b) the consideration
(other than any note of a Subsidiary that serves as a conduit in a sale or
financing transaction with respect to Receivables) received by the Company or
any Consolidated Subsidiary from any Person (other than the Company or a
Subsidiary) for Receivables sold, which Receivables remain uncollected at such
time (other than delinquent Receivables sold for collection in the ordinary
course of business and not as part of a financing transaction); less (x) the sum
of all cash and cash equivalents (as determined in accordance with GAAP), (y)
the cash surrender value of life insurance policies naming the Company as
beneficiary (as determined in accordance with GAAP) and (z) the fair market
value of any Marketable Securities of the Company and the Consolidated
Subsidiaries, with such excluded items under clauses (x) through (z) above not
to exceed US$65,000,000 in the aggregate at any time; provided, however, that,
with respect to any Non-Wholly Owned Subsidiary, the Indebtedness (other than
any Indebtedness that is Guaranteed by the Company or a Wholly-Owned Subsidiary)
and assets thereof referred to in the foregoing clauses shall be disregarded in
the calculation of “Total Debt” to the extent of any economic interest in such
Non-Wholly Owned Subsidiary that is directly or indirectly owned by any Person
other than the Company or a Subsidiary.

“Tranche” means a category of Commitments and extensions of credit thereunder.
For purposes hereof, each of the following shall comprise a separate Tranche:
(a) the Global Tranche Commitments, the Global Tranche Revolving Loans and
participations in Letters of Credit and Swingline Loans attributable to the
Global Tranche Commitments (the “Global Tranche”) and (b) the US Tranche

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Commitments, the US Tranche Revolving Loans and participations in Letters of
Credit and Swingline Loans attributable to the US Tranche Commitments (the “US
Tranche”).

“Tranche Percentage” means a Global Tranche Percentage or a US Tranche
Percentage.

“Transactions” means the execution, delivery and performance by each Loan Party
of each Loan Document to which it is to be a party, the borrowing of the Loans,
the use of the proceeds thereof and the issuance and use of Letters of Credit.

“Type”, when used in reference to any Loan or Borrowing, refers to whether the
rate of interest on such Loan, or on the Loans comprising such Borrowing, is
determined by reference to the Adjusted LIBO Rate, the Adjusted EURIBO Rate or
the Alternate Base Rate.

“US Borrowing Subsidiary” means any Borrowing Subsidiary that is a Domestic
Subsidiary.

“US Dollar Equivalent” means, on any date of determination, (a) with respect to
any amount in US Dollars, such amount and (b) with respect to any amount in any
currency other than US Dollars, the equivalent in US Dollars of such amount,
determined by the Administrative Agent pursuant to Section 1.05 using the
Exchange Rate with respect to such currency at the time in effect under the
provisions of such Section.

“US Dollars” or “US$” means the lawful currency of the United States of America.

“US Tax Certificate” has the meaning specified in Section 2.17(f)(ii).

“US Tranche” has the meaning specified in the definition of “Tranche”.

“US Tranche Borrower” means (a) the Company and (b) any Borrowing Subsidiary
that has been designated as a US Tranche Borrower pursuant to Section 2.20.

“US Tranche Commitment” means, with respect to each US Tranche Lender, the
commitment of such US Tranche Lender to make US Tranche Revolving Loans pursuant
to Section 2.01(b) and to acquire participations in Letters of Credit and
Swingline Loans hereunder, expressed as an amount representing such US Tranche
Lender’s maximum US Tranche Revolving Credit Exposure hereunder, as such
commitment may be reduced or increased from time to time pursuant to Section
2.08 or assignments by or to such US Tranche Lender pursuant to Section 10.04.
The initial amount of each US Tranche Lender’s US Tranche Commitment is set
forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which
such US Tranche Lender shall have assumed its US Tranche Commitment, as the case
may be. The aggregate amount of US Tranche Commitments on the Closing Date is
US$20,000,000.

“US Tranche Lender” means a Lender with a US Tranche Commitment or a US Tranche
Revolving Credit Exposure.

“US Tranche Lending Office” means, with respect to any US Tranche Lender, such
office(s) as such Lender (or any Affiliate of such Lender) shall have specified
from time to time as its “US Tranche Lending Office(s)” by notice to the Company
and the Administrative Agent.

“US Tranche Percentage” means, with respect to any US Tranche Lender at any
time, the percentage of the aggregate US Tranche Commitments represented by such
US Tranche Lender’s US Tranche Commitment at such time; provided that in the
case of Section 2.21 when a Defaulting Lender shall exist, “US Tranche
Percentage” shall mean the percentage of the total US Tranche Commitments
(disregarding any Defaulting Lender’s US Tranche Commitment) represented by such
Lender’s US Tranche Commitment. If the US Tranche Commitments have expired or
been terminated, the US Tranche

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Percentages shall be determined on the basis of the US Tranche Commitments most
recently in effect, giving effect to any assignments.

“US Tranche Revolving Credit Exposure” means, with respect to any US Tranche
Lender at any time, the aggregate amount of (a) such US Tranche Lender’s
outstanding US Tranche Revolving Loans, (b) the amount of such US Tranche
Lender’s LC Exposure attributable to its US Tranche Commitment and (c) the
amount of such US Tranche Lender’s Swingline Exposure attributable to its US
Tranche Commitment.

“US Tranche Revolving Loans” means Loans made by the US Tranche Lenders pursuant
to Section 2.01(b). Each US Tranche Revolving Loan shall be a LIBOR Loan or an
ABR Loan.

“Wholly Owned Subsidiary” means a Subsidiary all the Capital Stock in which,
other than directors’ qualifying shares and/or other nominal amounts of Capital
Stock that are required to be held by Persons under applicable law, are owned,
directly or indirectly, by the Company or a Subsidiary.

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such term is
defined in Part I of Subtitle E of Title IV of ERISA.

“Withholding Agent” means the Borrower or the Administrative Agent.

SECTION 1.02. Classification of Loans and Borrowings. For purposes of this
Agreement, Loans may be classified and referred to by Class (e.g., a “Global
Tranche Revolving Loan”) or by Type (e.g., a “LIBOR Revolving Loan”) or by Class
and Type (e.g., a “Global Tranche LIBOR Revolving Loan”). Borrowings also may be
classified and referred to by Class (e.g., a “Global Tranche Borrowing”) or by
Type (e.g., a “LIBOR Borrowing”) or by Class and Type (e.g., a “Global Tranche
LIBOR Borrowing”).

SECTION 1.03. Terms Generally. The definitions of terms herein shall apply
equally to the singular and plural forms of the terms defined. Whenever the
context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms. The words “include”, “includes” and “including” shall
be deemed to be followed by the phrase “without limitation”. The word “will”
shall be construed to have the same meaning and effect as the word “shall”.
Unless the context requires otherwise (a) any definition of or reference to any
agreement, instrument or other document herein shall be construed as referring
to such agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference
herein to any Person shall be construed to include such Person’s successors and
assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar
import, shall be construed to refer to this Agreement in its entirety and not to
any particular provision hereof, (d) all references herein to Articles,
Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement and (e) the words
“asset” and “property” shall be construed to have the same meaning and effect
and to refer to any and all tangible and intangible assets and properties,
including cash, securities, accounts and contract rights. Unless otherwise
indicated, any reference to a US Dollar amount in Article VI or VII of this
Agreement (or in any definition of a term used in either such Article) shall be
deemed to be a reference to that US Dollar amount or the equivalent thereof in
one or more other currencies.

SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided
herein, all terms of an accounting or financial nature shall be construed in
accordance with GAAP as in effect from time to time; provided that, (a) if the
Company notifies the Administrative Agent that the Company requests an amendment
to any provision hereof to eliminate the effect of any change occurring after
the date hereof in GAAP or in the application thereof on the operation of such
provision (or if the Administrative Agent notifies the Company that the Required
Lenders request an amendment to any provision hereof for such purpose),
regardless of whether any such notice is given before or after such

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change in GAAP or in the application thereof, then such provision shall be
interpreted on the basis of GAAP as in effect and applied immediately before
such change shall have become effective until such notice shall have been
withdrawn or such provision amended in accordance herewith and (b)
notwithstanding any other provision contained herein, all terms of an accounting
or financial nature used herein shall be construed, and all computations of
amounts and ratios referred to herein shall be made, without giving effect to
any election under Accounting Standards Codification 825-10, or any successor
thereto (including pursuant to the Accounting Standards Codification), to value
any Indebtedness of the Company or any Subsidiary at “fair value”, as defined
therein.

(a) Currency Translation. The Administrative Agent shall determine the US Dollar
Equivalent of any Borrowing denominated in a currency other than US Dollars as
of the date of the commencement of the initial Interest Period therefor and as
of the date of the commencement of each subsequent Interest Period therefor, in
each case using the Exchange Rate for such currency in relation to US Dollars in
effect on the date that is three Business Days prior to the date on which the
applicable Interest Period shall commence, and each such amount shall, except as
provided in the last two sentences of this Section, be the US Dollar Equivalent
of such Borrowing until the next required calculation thereof pursuant to this
sentence. The Administrative Agent shall determine the US Dollar Equivalent of
any Letter of Credit denominated in a currency other than US Dollars as of the
date such Letter of Credit is issued, amended to increase its face amount,
extended or renewed and as of the last Business Day of each subsequent calendar
quarter, in each case using the Exchange Rate for such currency in relation to
US Dollars in effect on the date that is three Business Days prior to the date
on which such Letter of Credit is issued, amended to increase its face amount,
extended or renewed and as of the last Business Day of such subsequent calendar
quarter, as the case may be, and each such amount shall, except as provided in
the last two sentences of this Section, be the US Dollar Equivalent of such
Letter of Credit until the next required calculation thereof pursuant to this
sentence. The Administrative Agent shall notify the Company and the Lenders of
each calculation of the US Dollar Equivalent of each Borrowing or Letter of
Credit. Notwithstanding the foregoing, for purposes of any determination under
Article V, Article VI (other than Sections 6.08 and 6.09) or Section 7.01 or any
determination under any other provision of this Agreement expressly requiring
the use of a current exchange rate, all amounts incurred, outstanding or
proposed to be incurred or outstanding in currencies other than US Dollars shall
be translated into US Dollars at currency exchange rates in effect on the date
of such determination. For purposes of Section 6.08 and 6.09, amounts in
currencies other than US Dollars shall be translated into US Dollars at the
currency exchange rates used in preparing the Company’s annual and quarterly
financial statements.

ARTICLE II

The Credits

SECTION 2.01. Commitments. (a) Global Tranche Commitments. Subject to the terms
and conditions set forth herein, each Global Tranche Lender agrees to make
Global Tranche Revolving Loans denominated in US Dollars, Euros, Canadian
Dollars or other Alternative Currencies to the Global Tranche Borrowers from
time to time during the Availability Period in principal amounts at any time
outstanding that will not result in (i) the aggregate Global Tranche Revolving
Credit Exposures exceeding the aggregate Global Tranche Commitments, (ii) the
Global Tranche Revolving Credit Exposure of any Lender exceeding its Global
Tranche Commitment or (iii) the portion of the aggregate Revolving Credit
Exposures attributable to Loans made to and Letters of Credit issued for the
accounts of Borrowing Subsidiaries that are Foreign Subsidiaries exceeding
US$200,000,000. Within the foregoing limits and subject to the terms and
conditions set forth herein, the Global Tranche Borrowers may borrow, prepay and
reborrow Global Tranche Revolving Loans.

(b) US Tranche Commitments. Subject to the terms and conditions set forth
herein, each US Tranche Lender agrees to make US Tranche Revolving Loans
denominated in US Dollars to the US Tranche Borrowers from time to time during
the Availability Period in principal amounts at any time outstanding that will
not result in (i) the aggregate US Tranche Revolving Credit Exposures exceeding
the

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aggregate US Tranche Commitments or (ii) the US Tranche Revolving Credit
Exposure of any Lender exceeding its US Tranche Commitment. Within the foregoing
limits and subject to the terms and conditions set forth herein, the US Tranche
Borrowers may borrow, prepay and reborrow US Tranche Revolving Loans.

SECTION 2.02. Loans and Borrowings. (a) Each Global Tranche Revolving Loan shall
be made as part of a Global Tranche Borrowing consisting of Global Tranche
Revolving Loans of the same Type and currency made by the Global Tranche Lenders
ratably in accordance with their respective Global Tranche Commitments. Each US
Tranche Revolving Loan shall be made as part of a US Tranche Borrowing
consisting of US Tranche Revolving Loans of the same Type made by the US Tranche
Lenders ratably in accordance with their respective US Tranche Commitments. The
failure of any Lender to make any Loan required to be made by it shall not
relieve any other Lender of its obligations hereunder; provided that the
Commitments of the Lenders are several and no Lender shall be responsible for
any other Lender’s failure to make Loans as required.

(b) Subject to Section 2.13, (i) each Borrowing denominated in US Dollars shall
be comprised entirely of (A) LIBOR Loans or (B) at the request of the applicable
Borrower as provided herein and solely in the case of any such Borrowing by the
Company or a US Borrowing Subsidiary, ABR Loans, (ii) each Borrowing denominated
in Canadian Dollars shall be comprised entirely of (A) Canadian Prime Loans or
(B) CDOR Loans, (iii) each Borrowing denominated in any Alternative Currency
other than Euros or Canadian Dollars shall be comprised entirely of LIBOR Loans
and (iv) each Borrowing denominated in Euros shall be comprised entirely of
EURIBOR Loans. Each Swingline Loan shall be an ABR Loan. Each Lender at its
option may make any Loan or issue any Letter of Credit by causing any domestic
or foreign branch or Affiliate of such Lender to make such Loan or issue such
Letter of Credit; provided that any exercise of such option shall not affect the
obligation of the applicable Borrower to repay such Loan in accordance with the
terms of this Agreement.

(c) At the commencement of each Interest Period for any LIBOR Borrowing, EURIBOR
Borrowing or CDOR Borrowing, such Borrowing shall be in an aggregate amount that
is an integral multiple of the Borrowing Multiple and not less than the
Borrowing Minimum. At the time that each ABR Borrowing (other than a Swingline
Loan) or a Canadian Prime Borrowing is made, such Borrowing shall be in an
aggregate amount that is an integral multiple of US$1,000,000 and not less than
US$5,000,000; provided that an ABR Borrowing under any Tranche may be in an
aggregate amount that is equal to the entire unused balance of the Commitments
under such Tranche or that is required to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.05(e). Each Swingline Loan shall be in
an amount that is an integral multiple of US$100,000 and not less than
US$1,000,000. Borrowings of more than one Type and Class may be outstanding at
the same time; provided that there shall not at any time be more than a total of
12 LIBOR Borrowings and EURIBOR Borrowings outstanding.

(d) Notwithstanding any other provision of this Agreement, no Borrower shall be
entitled to request, or to elect to convert or continue, any Borrowing if the
Interest Period requested with respect thereto would end after the Maturity
Date.

SECTION 2.03. Requests for Borrowings. To request a Borrowing, the applicable
Borrower shall notify the Applicable Agent of such request (a) in the case of a
LIBOR Borrowing, a EURIBOR Borrowing, a CDOR Borrowing or a Canadian Prime
Borrowing, not later than 11:00 a.m., Local Time, three Business Days before the
date of the proposed Borrowing, and (b) in the case of an ABR Borrowing, not
later than 10:00 a.m., New York City time, on the date of the proposed
Borrowing. Each such notice shall be given (i) in the case of a notice to the
Administrative Agent or the Canadian Agent, by telephone or telecopy, and (ii)
in the case of a notice to the London Agent, by email or telecopy. Each
Borrowing Request shall be irrevocable and shall be in the form of (or, in the
case of a telephonic Borrowing Request, confirmed promptly by hand delivery or
telecopy of a written Borrowing Request in the form of) Exhibit B or any other
form approved by the Administrative Agent and signed by a Financial

27

  

Officer of the applicable Borrower. Each such telephonic and written Borrowing
Request shall specify the following information in compliance with Section 2.02:

(i) the Borrower requesting such Borrowing;

(ii) the Type of such Borrowing;

(iii) the currency and the principal amount of such Borrowing;

(iv) the date of such Borrowing, which shall be a Business Day;

(v) in the case of a LIBOR Borrowing, a EURIBOR Borrowing or a CDOR Borrowing,
the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; and

(vi) the location and number of the relevant Borrower’s account to which funds
are to be disbursed, which shall comply with the requirements of
Section 2.06(a).

If no election as to the currency of the Borrowing is specified, then the
requested Borrowing shall be denominated in US Dollars. If no election as to the
Type of Borrowing is specified, then the requested Borrowing shall be an ABR
Borrowing if denominated in US Dollars, a EURIBOR Borrowing if denominated in
Euros, a Canadian Prime Borrowing if denominated in Canadian Dollars or a LIBOR
Borrowing if denominated in an Alternative Currency other than Euros or Canadian
Dollars. If no Interest Period is specified with respect to any requested LIBOR
Borrowing, EURIBOR Borrowing or CDOR Borrowing, then the requesting Borrower
shall be deemed to have selected an Interest Period of one month’s duration.
Promptly following receipt of a Borrowing Request in accordance with this
Section, the Applicable Agent shall advise each Lender under the applicable
Tranche of the details thereof and of the amount of such Lender’s Loan to be
made as part of the requested Borrowing.

SECTION 2.04. Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans denominated in US
Dollars to the Company or any US Borrowing Subsidiary from time to time during
the Availability Period, in an aggregate principal amount at any time
outstanding that will not result in (i) the sum of the US Dollar Equivalents of
the principal amounts of the outstanding Swingline Loans exceeding
US$25,000,000, (ii) the aggregate US Tranche Revolving Credit Exposures
exceeding the aggregate US Tranche Commitments or (iii) the aggregate Global
Tranche Credit Revolving Exposures exceeding the aggregate Global Tranche
Commitments; provided that the Swingline Lender shall not be required to make a
Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing
limits and subject to the terms and conditions set forth herein, the Company and
the US Borrowing Subsidiaries may borrow, prepay and reborrow Swingline Loans.

(b) To request a Swingline Loan, the applicable Borrower shall notify the
Administrative Agent of such request by telephone (confirmed by telecopy signed
by a Financial Officer on behalf of the applicable Borrower), not later than
12:00 noon, New York City time, on the day of such proposed Swingline Loan. Each
such notice shall be irrevocable and shall specify the requested date (which
shall be a Business Day) and amount of the requested Swingline Loan. The
Administrative Agent will promptly advise the Swingline Lender of any such
notice received by it. The Swingline Lender shall make each Swingline Loan
available to the applicable Borrower by means of a credit to the general deposit
account of the Company with the Swingline Lender (or, in the case of a Swingline
Loan made to finance the reimbursement of an LC Disbursement as provided in
Section 2.05(e), by remittance to the Issuing Bank) by 3:00 p.m., New York City
time, on the requested date of such Swingline Loan.

(c) The Swingline Lender may by written notice given to the Administrative Agent
not later than 10:00 a.m., New York City time, on any Business Day require each
Lender to acquire

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participations on such Business Day in all or a portion of the Swingline Loans
outstanding. Such notice shall specify the aggregate amount of Swingline Loans
in which the Lenders will participate. Promptly upon receipt of such notice, the
Administrative Agent will give notice thereof to each Lender, specifying in such
notice such Lender’s Combined Tranche Percentage of such Swingline Loan or
Loans. Each Lender hereby unconditionally and irrevocably agrees, upon receipt
of notice as provided above, to pay to the Administrative Agent, for the account
of the Swingline Lender, such Lender’s Combined Tranche Percentage of such
Swingline Loan or Loans. Each Lender acknowledges and agrees that its obligation
to acquire participations in Swingline Loans pursuant to this paragraph is
absolute and unconditional and shall not be affected by any circumstance
whatsoever, including the occurrence and continuance of a Default or reduction
or termination of the Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever. Each Lender
shall comply with its obligations under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.06 with
respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis
mutandis, to the payment obligations of the Lenders), and the Administrative
Agent shall promptly pay to the Swingline Lender the amounts so received by it
from the Lenders. The Administrative Agent shall notify the Company of any
participations in any Swingline Loan acquired pursuant to this paragraph, and
thereafter payments in respect of such Swingline Loan shall be made to the
Administrative Agent and not to the Swingline Lender. Any amounts received by
the Swingline Lender from or on behalf of the applicable Borrower in respect of
a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale
of participations therein shall be promptly remitted to the Administrative
Agent; any such amounts received by the Administrative Agent shall be promptly
remitted by the Administrative Agent to the Lenders that shall have made their
payments pursuant to this paragraph and to the Swingline Lender, as their
interests may appear; provided that any such payment so remitted shall be repaid
to the Swingline Lender or to the Administrative Agent, as applicable, if and to
the extent such payment is required to be refunded to a Loan Party for any
reason. The purchase of participations in a Swingline Loan pursuant to this
paragraph shall not relieve any Borrower of any default in the payment thereof.

SECTION 2.05. Letters of Credit. (a) General. Subject to the terms and
conditions set forth herein, each Borrower may request the issuance of Letters
of Credit, for its own account or the account of any Subsidiary (provided that
the Company shall be a co-applicant and co-obligor with respect to each Letter
of Credit issued for the account of any Subsidiary that is not a Borrower), in a
form reasonably acceptable to the Applicable Agent and the applicable Issuing
Bank, at any time and from time to time during the Availability Period. In the
event of any inconsistency between the terms and conditions of this Agreement
and the terms and conditions of any form of letter of credit application or
other agreement submitted by a Borrower to, or entered into by a Borrower with,
an Issuing Bank relating to any Letter of Credit, the terms and conditions of
this Agreement shall control. Existing Letters of Credit will, for all purposes
of this Agreement (including paragraphs (d) and (e) of this Section), be deemed
to have been issued hereunder on the Effective Date and will, for all purposes
of this Agreement, constitute Letters of Credit.

(b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To
request the issuance of a Letter of Credit (or the amendment, renewal or
extension of an outstanding Letter of Credit), the applicable Borrower shall
hand deliver or telecopy (or transmit by electronic communication, if
arrangements for doing so have been approved by the applicable Issuing Bank) to
the applicable Issuing Bank and the Applicable Agent (reasonably in advance of
the requested date of issuance, amendment, renewal or extension) a notice
requesting the issuance of a Letter of Credit, or identifying the Letter of
Credit to be amended, renewed or extended, and specifying the date of issuance,
amendment, renewal or extension (which shall be a Business Day), the date on
which such Letter of Credit is to expire (which shall comply with paragraph (c)
of this Section), the amount of such Letter of Credit, the currency in which
such Letter of Credit is to be denominated (which shall be US Dollars, Euros,
Canadian Dollars or another currency approved by the applicable Issuing Bank
that satisfies the requirements of clauses (a) and (b) of the definition of
“Alternative Currency”), the name and address of the beneficiary thereof and
such other information as shall be necessary to enable the applicable Issuing
Bank to prepare, amend, renew or extend such Letter of Credit. If requested by
such Issuing Bank, the applicable Borrower also shall submit a letter of credit
application on such Issuing Bank’s standard form in connection with any request
for a

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Letter of Credit. A Letter of Credit shall be issued, amended, renewed or
extended only if (and upon issuance, amendment, renewal or extension of each
Letter of Credit the applicable Borrower shall be deemed to represent and
warrant that), after giving effect to such issuance, amendment, renewal or
extension (i) the LC Exposure shall not exceed $50,000,000, (ii) the aggregate
Global Tranche Credit Revolving Exposures shall not exceed the aggregate Global
Tranche Commitments, (iii) the aggregate US Tranche Revolving Credit Exposures
shall not exceed the aggregate US Tranche Commitments, (iv) the portion of the
LC Exposure attributable to Letters of Credit issued by any Issuing Bank shall
not exceed the LC Commitment of such Issuing Bank and (v) the portion of the
aggregate Revolving Credit Exposures attributable to Loans made to and Letters
of Credit issued for the accounts of Borrowing Subsidiaries that are Foreign
Subsidiaries shall not exceed US$200,000,000.

(c) Expiration Date. Each Letter of Credit will expire at or prior to the close
of business on the earlier of (i) the date one year after the date of the
issuance of such Letter of Credit (or, in the case of any renewal or extension
thereof, one year after such renewal or extension) and (ii) the date that is
five Business Days prior to the Maturity Date.

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action
on the part of the applicable Issuing Bank or the Lenders, such Issuing Bank
hereby grants to each Lender, and each Lender hereby acquires from such Issuing
Bank, a participation in such Letter of Credit equal to such Lender’s Combined
Tranche Percentage of the aggregate amount available to be drawn under such
Letter of Credit. In consideration and in furtherance of the foregoing, each
Lender hereby absolutely and unconditionally agrees to pay to the Applicable
Agent, for the account of the applicable Issuing Bank, such Lender’s Combined
Tranche Percentage of each LC Disbursement made by such Issuing Bank and not
reimbursed by the applicable Borrower on the date due as provided in
paragraph (e) of this Section, or of any reimbursement payment in respect of an
LC Disbursement required to be refunded to a Borrower for any reason. Such
payment by the Lenders shall be made (i) if the currency of the applicable LC
Disbursement or reimbursement payment shall be US Dollars, then in US Dollars
and (ii) if the currency of the applicable LC Disbursement or reimbursement
payment shall be a currency other than US Dollars, in an amount of US Dollars,
calculated by the Applicable Agent based on current exchange rates on the
applicable LC Participation Calculation Date, sufficient to enable the
Applicable Agent to purchase an amount of such currency equal to the amount of
such LC Disbursement. Each Lender acknowledges and agrees that its obligation to
acquire participations pursuant to this paragraph in respect of Letters of
Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any
Letter of Credit, the occurrence and continuance of a Default, any reduction or
termination of the Commitments or any fluctuation in currency values, and that
each such payment shall be made without any offset, abatement, withholding or
reduction whatsoever.

(e) Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect
of a Letter of Credit, the applicable Borrower shall reimburse such LC
Disbursement by paying to the Applicable Agent an amount in the currency of such
LC Disbursement equal to such LC Disbursement not later than 12:00 noon, Local
Time, on the date that such LC Disbursement is made, if such Borrower shall have
received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such
date, or, if such notice has not been received by such Borrower prior to such
time on such date, then not later than 12:00 noon, Local Time, on (i) the
Business Day that such Borrower receives such notice, if such notice is received
prior to 10:00 a.m., Local Time, on the day of receipt, or (ii) the Business Day
immediately following the day that such Borrower receives such notice, if such
notice is not received prior to such time on the day of receipt; provided that
if such LC Disbursement is denominated in US Dollars and is not less than
$1,000,000, the applicable Borrower may, subject to the conditions to borrowing
set forth herein, request in accordance with Section 2.03 or 2.04 that such
payment be financed with an ABR Borrowing or a Swingline Loan in an equivalent
amount and, to the extent so financed, such Borrower’s obligation to make such
payment shall be discharged and replaced by the resulting ABR Borrowing or
Swingline Loan. If the applicable Borrower fails to make any such reimbursement
payment when due, (A) if such payment relates to a Letter of Credit denominated
in a currency other than US Dollars, automatically and with no further action
required, the obligation of such Borrower to reimburse the applicable LC
Disbursement shall

30

  

be permanently converted into an obligation to reimburse the US Dollar
Equivalent, calculated using the LC Exchange Rate on the applicable LC
Participation Calculation Date, of such LC Disbursement and (B) in the case of
each LC Disbursement, the Applicable Agent shall notify each Lender of the
applicable LC Disbursement, the amount of the payment then due from such
Borrower in respect thereof and such Lender’s Combined Tranche Percentage
thereof. Promptly following receipt of such notice, each Lender shall pay in US
Dollars to the Applicable Agent on the date such notice is received its Combined
Tranche Percentage of the applicable LC Disbursement payment then due from such
Borrower, in the same manner as provided in Section 2.06 with respect to Loans
made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the
payment obligations of the Lenders pursuant to this paragraph), and the
Applicable Agent shall promptly pay to the applicable Issuing Bank the amounts
so received by it from the Lenders. Promptly following receipt by the Applicable
Agent of any payment from a Borrower pursuant to this paragraph, the Applicable
Agent shall distribute such payment to the applicable Issuing Bank or, to the
extent that Lenders have made payments pursuant to this paragraph to reimburse
such Issuing Bank, then to such Lenders and such Issuing Bank as their interests
may appear. Any payment made by a Lender pursuant to this paragraph to reimburse
an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving
Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and
shall not relieve the applicable Borrower of its obligation to reimburse such LC
Disbursement.

(f) Obligations Absolute. Each Borrower’s obligation to reimburse LC
Disbursements as provided in paragraph (e) of this Section is absolute,
unconditional and irrevocable, and shall be performed strictly in accordance
with the terms of this Agreement under any and all circumstances whatsoever and
irrespective of (i) any lack of validity or enforceability of any Letter of
Credit, this Agreement or any other Loan Document, or any term or provision
herein or therein, (ii) any draft or other document presented under a Letter of
Credit proving to be forged, fraudulent or invalid in any respect or any
statement therein being untrue or inaccurate in any respect, (iii) payment by
any Issuing Bank under a Letter of Credit against presentation of a draft or
other document that does not comply with the terms of such Letter of Credit, or
(iv) any other event or circumstance whatsoever, whether or not similar to any
of the foregoing, that might, but for the provisions of this Section, constitute
a legal or equitable discharge of, or provide a right of setoff against, such
Borrower’s obligations hereunder. None of the Agents, the Lenders, the Issuing
Banks or any of their Related Parties, shall have any liability or
responsibility by reason of or in connection with the issuance or transfer of
any Letter of Credit or any payment or failure to make any payment thereunder
(irrespective of any of the circumstances referred to in the preceding
sentence), or any error, omission, interruption, loss or delay in transmission
or delivery of any draft, notice or other communication under or relating to any
Letter of Credit (including any document required to make a drawing thereunder),
any error in interpretation of technical terms or any consequence arising from
causes beyond the control of any Issuing Bank; provided that the foregoing shall
not be construed to excuse any Issuing Bank from liability to a Borrower to the
extent of any direct damages (as opposed to consequential damages, claims in
respect of which are hereby waived by each Borrower to the fullest extent
permitted by applicable law) suffered by such Borrower that are caused by
(i) such Issuing Bank’s failure to exercise care when determining whether drafts
and other documents presented under a Letter of Credit comply with the terms
thereof or (ii) such Issuing Bank’s breach of its obligation to issue a Letter
of Credit pursuant to this Section. The parties hereto expressly agree that, in
the absence of gross negligence or wilful misconduct on the part of an Issuing
Bank (as finally determined by a court of competent jurisdiction), such Issuing
Bank shall be deemed to have exercised care in each such determination. In
furtherance of the foregoing and without limiting the generality thereof, the
parties agree that, with respect to documents presented that appear on their
face to be in substantial compliance with the terms of a Letter of Credit, the
applicable Issuing Bank may, in its sole discretion, either accept and make
payment upon such documents without responsibility for further investigation,
regardless of any notice or information to the contrary, or refuse to accept and
make payment upon such documents if such documents are not in strict compliance
with the terms of such Letter of Credit.

(g) Disbursement Procedures. The applicable Issuing Bank shall, promptly
following its receipt thereof, examine all documents purporting to represent a
demand for payment under a Letter of Credit. The applicable Issuing Bank shall
promptly notify the Applicable Agent and the applicable Borrower by telephone
(confirmed by telecopy) of such demand for payment and whether such Issuing

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Bank has made or will make an LC Disbursement thereunder; provided that any
failure to give or delay in giving such notice shall not relieve the applicable
Borrower of its obligation to reimburse such Issuing Bank and the Revolving
Lenders with respect to any such LC Disbursement.

(h) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then,
unless the applicable Borrower shall reimburse such LC Disbursement in full on
the date such LC Disbursement is made, the unpaid amount thereof shall bear
interest, for each day from and including the date such LC Disbursement is made
to but excluding the date that the applicable Borrower reimburses such LC
Disbursement, (i) in the case of any LC Disbursement denominated in US Dollars,
and at all times following the conversion to US Dollars of an LC Disbursement
made in an Alternative Currency pursuant to paragraph (e) of this Section, at
the rate per annum then applicable to ABR Revolving Loans; provided that, if the
Company fails to reimburse such LC Disbursement when due pursuant to
paragraph (e) of this Section, then Section 2.12(f) shall apply and (ii) if such
LC Disbursement is made in an Alternative Currency, at all times prior to its
conversion to US Dollars pursuant to paragraph (e) of this Section, at a rate
equal to the rate reasonably determined by the applicable Issuing Bank to be the
cost to such Issuing Bank of funding such LC Disbursement plus the Applicable
Rate applicable to LIBOR Revolving Loans or EURIBOR Revolving Loans, as the case
may be, at such time; provided that, if the applicable Borrower fails to
reimburse such LC Disbursement when due pursuant to paragraph (e) of this
Section, then Section 2.12(f) shall apply. Interest accrued pursuant to this
paragraph shall be paid to the Applicable Agent, for the account of the
applicable Issuing Bank (except that interest accrued on and after the date of
payment by any Lender pursuant to paragraph (e) of this Section to reimburse
such Issuing Bank shall be paid to the Applicable Agent for the account of such
Lender pro rata to the extent of such payment), and shall be payable on demand
or, if no demand has been made, on the date on which the applicable Borrower
reimburses the applicable LC Disbursement in full.

(i) Replacement of an Issuing Bank. An Issuing Bank may be replaced at any time
by written agreement among the Company, the Administrative Agent, the replaced
Issuing Bank and the successor Issuing Bank. The Administrative Agent shall
notify the Lenders of any such replacement of an Issuing Bank. At the time any
such replacement shall become effective, the Borrowers shall pay all unpaid fees
accrued for the account of the replaced Issuing Bank pursuant to
Section 2.11(c). From and after the effective date of any such replacement,
(i) the successor Issuing Bank shall have all the rights and obligations of an
Issuing Bank under this Agreement with respect to Letters of Credit to be issued
thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed
to refer to such successor or to any previous Issuing Bank, or to such successor
and all previous Issuing Banks, as the context shall require. After the
replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain
a party hereto and shall continue to have all the rights and obligations of an
Issuing Bank under this Agreement with respect to Letters of Credit issued by it
prior to such replacement (including the right to receive fees under
Section 2.11(c)), but shall not be required to issue additional Letters of
Credit.

(j) Cash Collateralization. If any Event of Default shall occur and be
continuing, on the Business Day that the Company receives notice from the
Administrative Agent or the Required Lenders (or, if the maturity of the Loans
has been accelerated, Lenders with LC Exposures representing more than 50% of
the total LC Exposure) demanding the deposit of cash collateral pursuant to this
paragraph, each Borrower shall deposit in an account with the Administrative
Agent, in the name of the Administrative Agent and for the benefit of the
Lenders and the Issuing Banks, an amount in cash equal to the portion of the LC
Exposure attributable to Letters of Credit issued for the account of such
Borrower as of such date plus any accrued and unpaid interest thereon; provided
that (i) amounts payable in respect of any Letter of Credit or LC Disbursement
shall be payable in the currency of such Letter of Credit or LC Disbursement,
except that LC Disbursements in an Alternative Currency in respect of which the
applicable Borrower’s reimbursement obligations have been converted to
obligations in US Dollars as provided in paragraph (e) of this Section and
interest accrued thereon shall be payable in US Dollars and (ii) the obligation
to deposit such cash collateral shall become effective immediately, and such
deposit shall become immediately due and payable, without demand or other notice
of any kind, upon the occurrence of any Event of Default with respect to any
Borrower or any Material Subsidiary described in Section 7.01(h) or 7.01(i). The
Borrowers shall also deposit cash collateral in accordance with this paragraph
as and to the extent required

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by Section 2.21. Such deposit shall be held by the Administrative Agent as
collateral for the payment and performance of the Obligations, and the
applicable Borrower hereby creates in favor of the Administrative Agent a
security interest in each such deposit to secure such Obligations. The
Administrative Agent shall have exclusive dominion and control, including the
exclusive right of withdrawal, over such account. Other than any interest earned
on the investment of such deposits, which investments shall be made at the
option and sole discretion of the Administrative Agent and at the applicable
Borrower’s risk and expense, such deposits shall not bear interest. Interest or
profits, if any, on such investments shall accumulate in such account. Moneys in
such account shall be applied by the Administrative Agent to reimburse the
Issuing Banks for LC Disbursements for which they have not been reimbursed and,
to the extent not so applied, shall be held for the satisfaction of the
reimbursement obligations of the applicable Borrower for the LC Exposure at such
time or, if the maturity of the Loans has been accelerated (but subject to the
consent of Lenders with LC Exposure representing more than 50% of the total LC
Exposure), be applied to satisfy other obligations of the Borrowers under this
Agreement. If a Borrower is required to provide an amount of cash collateral
hereunder as a result of the occurrence of an Event of Default, such amount (to
the extent not applied as aforesaid) shall be returned to such Borrower within
three Business Days after all Events of Default have been cured or waived.

(k) Designation of Additional Issuing Banks. From time to time, the Company may
by notice to the Administrative Agent and the Lenders designate as additional
Issuing Banks one or more Lenders that agree to serve in such capacity as
provided below. The acceptance by a Lender of any appointment as an Issuing Bank
hereunder shall be evidenced by an Issuing Bank Agreement, which shall set forth
the LC Commitment of such Lender and be executed by such Lender, the Company and
the Administrative Agent and, from and after the effective date of such
agreement, (i) such Lender shall have all the rights and obligations of an
Issuing Bank under this Agreement and the other Loan Documents and (ii)
references herein and in the other Loan Documents to the term “Issuing Bank”
shall be deemed to include such Lender in its capacity as an Issuing Bank. The
Issuing Bank Agreement of any Issuing Bank may limit the currencies in which and
the Borrowers for the accounts of which such Issuing Bank will issue Letters of
Credit, and any such limitations will, as to such Issuing Bank, be deemed to be
incorporated in this Agreement.

(l) Issuing Bank Reports. Unless otherwise agreed by the Administrative Agent,
each Issuing Bank shall report in writing to the Administrative Agent (i) on or
prior to each Business Day on which such Issuing Bank issues, amends, renews or
extends any Letter of Credit, the date of such issuance, amendment, renewal or
extension, and the currency and aggregate face amount of the Letters of Credit
issued, amended, renewed or extended by it and outstanding after giving effect
to such issuance, amendment, renewal or extension (and whether the amount
thereof shall have changed), it being understood that such Issuing Bank shall
not effect any issuance, renewal, extension or amendment resulting in an
increase in the amount of any Letter of Credit without first obtaining written
confirmation from the Administrative Agent that such increase is then permitted
under this Agreement, (ii) on each Business Day on which such Issuing Bank makes
any LC Disbursement, the date, currency and amount of such LC Disbursement,
(iii) on any Business Day on which a Borrower fails to reimburse an LC
Disbursement required to be reimbursed to such Issuing Bank on such day, the
date of such failure and the currency and amount of such LC Disbursement and
(iv) on any other Business Day, such other information as the Administrative
Agent shall reasonably request as to the Letters of Credit issued by such
Issuing Bank.

SECTION 2.06. Funding of Borrowings. (a) Each Lender shall make each Loan to be
made by it hereunder on the proposed date thereof by wire transfer of
immediately available funds in the applicable currency by 11:00 a.m., Local
Time, to the account of the Applicable Agent most recently designated by such
Applicable Agent for such purpose by notice to the applicable Lenders; provided
that Swingline Loans shall be made as provided in Section 2.04. The Applicable
Agent will make such Loan proceeds available to the applicable Borrower by
promptly crediting the amounts so received, in like funds, to the Applicable
Funding Account of such Borrower; provided that ABR Revolving Loans made to
finance the reimbursement of an LC Disbursement as provided in Section 2.05(e)
shall be remitted by the Administrative Agent to the applicable Issuing Bank. If
a Borrowing shall not occur on such date because

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any condition precedent herein specified shall not have been met, the Applicable
Agent shall return the amounts so received to the respective Lenders.

(b) Unless the Applicable Agent shall have received notice from a Lender prior
to the proposed date of any Borrowing that such Lender will not make available
to the Applicable Agent such Lender’s share of such Borrowing, the Applicable
Agent may assume that such Lender has made such share available on such date in
accordance with paragraph (a) of this Section and may, in reliance upon such
assumption, make available to the applicable Borrower on such date a
corresponding amount in the required currency. In such event, if a Lender has
not in fact made its share of the applicable Borrowing available to the
Applicable Agent, then the applicable Lender and such Borrower severally agree
to pay to the Applicable Agent forthwith on demand such corresponding amount
with interest thereon, for each day from and including the date such amount is
made available to such Borrower to but excluding the date of payment to the
Applicable Agent, at (i) in the case of such Lender, the rate reasonably
determined by the Applicable Agent to be the cost to it of funding such amount
or (ii) in the case of such Borrower, the interest rate applicable to the
subject Loan.

SECTION 2.07. Interest Elections. (a) Each Borrowing initially shall be of the
Type specified in the applicable Borrowing Request and, in the case of a LIBOR
Borrowing, a EURIBOR Borrowing or a CDOR Borrowing, shall have an initial
Interest Period as specified in such Borrowing Request. Thereafter, the
applicable Borrower may elect to convert such Borrowing to a different Type or
to continue such Borrowing and, in the case of a LIBOR Borrowing, a EURIBOR
Borrowing or a CDOR Borrowing, may elect Interest Periods therefor, all as
provided in this Section and on terms consistent with the other provisions of
this Agreement. The applicable Borrower may elect different options with respect
to different portions of the applicable affected Borrowing, in which case each
such portion shall be allocated ratably among the Lenders holding the Loans
comprising such Borrowing and the Loans comprising each such portion shall be
considered a separate Borrowing. This Section shall not apply to Swingline
Loans, which may not be converted or continued.

(b) To make an election pursuant to this Section, a Borrower shall notify the
Applicable Agent (and, if such Agent is not the Administrative Agent, the
Administrative Agent ) of such election by the time and date that a Borrowing
Request would be required under Section 2.03 if such Borrower were requesting a
Borrowing of the Type resulting from such election to be made on the effective
date of such election. Each such notice shall be given (i) in the case of a
notice to the Administrative Agent or the Canadian Agent, by telephone or
telecopy, and (ii) in the case of a notice to the London Agent, by email or
telecopy. Each Interest Election Request shall be irrevocable and shall be in a
form (or, in the case of a telephonic Interest Election Request, confirmed
promptly by hand delivery or telecopy of a written Interest Election Request in
a form) approved by the Administrative Agent and signed by a Financial Officer
of the applicable Borrower. Notwithstanding any other provision of this Section,
a Borrower shall not be permitted to (i) change the currency of any Borrowing,
(ii) to elect an Interest Period for LIBOR Loans, EURIBOR Loans or CDOR Loans
that does not comply with Section 2.02(d) or (iii) to convert any Borrowing into
a Type not available for Borrowings in the applicable currency.

(c) Each telephonic and written Interest Election Request shall specify the
following information in compliance with Section 2.02:

(i) the Borrowing to which such Interest Election Request applies and, if
different options are being elected with respect to different portions thereof,
the portions thereof to be allocated to each resulting Borrowing (in which case
the information to be specified pursuant to clauses (iii) and (iv) below shall
be specified for each resulting Borrowing);

(ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

(iii) the Type of the resulting Borrowing; and

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(iv) if the resulting Borrowing is to be a LIBOR Borrowing, a EURIBOR Borrowing
or a CDOR Borrowing, the Interest Period to be applicable thereto after giving
effect to such election, which shall be a period contemplated by the definition
of the term “Interest Period”.

If by any such Interest Election Request a Borrower requests a LIBOR, a EURIBOR
or a CDOR Borrowing but does not specify an Interest Period, then such Borrower
shall be deemed to have selected an Interest Period of one month’s duration.

(d) Promptly following receipt of an Interest Election Request, the Applicable
Agent shall advise each affected Lender of the details thereof and of such
Lender’s portion of each resulting Borrowing.

(e) If the applicable Borrower fails to deliver a timely Interest Election
Request with respect to a LIBOR Borrowing, a EURIBOR Borrowing or a CDOR
Borrowing prior to the end of the Interest Period applicable thereto, then,
unless such Borrowing is repaid as provided herein, at the end of such Interest
Period, (i) in the case of a LIBOR Borrowing made to the Company or a US
Borrowing Subsidiary and denominated in US Dollars, such Borrowing shall be
converted to an ABR Borrowing, (ii) in the case of a CDOR Borrowing, such
Borrowing shall be converted to a Canadian Prime Borrowing and (iii) in the case
of any other LIBOR Borrowing or any EURIBOR Borrowing, such Borrowing shall
become due and payable on the last day of such Interest Period.

(f) Notwithstanding any contrary provision hereof, if an Event of Default has
occurred and is continuing and the Administrative Agent, at the request of the
Required Lenders, so notifies the Company, then, so long as an Event of Default
is continuing (i) no outstanding Borrowing denominated in US Dollars to the
Company or a Domestic Subsidiary may be converted to or continued as a LIBOR
Borrowing, (ii) unless repaid, each LIBOR Borrowing denominated in US Dollars of
the Company or a Domestic Subsidiary shall be converted to an ABR Borrowing at
the end of the Interest Period applicable thereto, (iii) no outstanding
Borrowing denominated in Canadian Dollars may be converted to or continued as a
CDOR Borrowing and (ii) unless repaid, each CDOR Borrowing shall be converted to
a Canadian Prime Borrowing at the end of the Interest Period applicable thereto.
The foregoing is without prejudice to the other rights and remedies available
hereunder upon an Event of Default.

SECTION 2.08. Termination, Reduction and Increase of Commitments.
(a) Unless previously terminated, the Commitments shall terminate on the
Maturity Date.

(b) The Company may at any time, without premium or penalty, terminate, or from
time to time reduce, the Commitments of any Tranche; provided that (i) each such
reduction of the Commitments of any Tranche shall be in an amount that is not
less than the Borrowing Minimum and an integral multiple of the Borrowing
Multiple, in each case for Borrowings denominated in US Dollars, (ii) the
Company shall not terminate or reduce the Commitments of any Tranche if after
giving effect to such termination or reduction and to any concurrent payment or
prepayment of Loans or LC Disbursements in accordance with Section 2.10, the
aggregate amount of Revolving Credit Exposures under either the US Tranche or
the Global Tranche would exceed the aggregate amount of Commitments of such
Tranche and (iii) if an Event of Default shall have occurred and be continuing
and one or more Letters of Credit or unreimbursed LC Disbursements shall be
outstanding, the Company shall not terminate or reduce the Commitments of either
Tranche unless it shall simultaneously and ratably reduce the Commitments of the
other Tranche.

(c) The Company shall notify the Administrative Agent of any election to
terminate or reduce the Commitments under any Tranche under paragraph (b) of
this Section at least three Business Days prior to the effective date of such
termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any such notice, the Administrative Agent
shall advise the Canadian Agent, the London Agent and the applicable Lenders of
the contents thereof. Each notice delivered by the Company pursuant to this
Section shall be irrevocable; provided that a notice of

35

  

termination of the Commitments under any Tranche may state that such notice is
conditioned upon the effectiveness of other credit facilities, in which case
such notice may be revoked or extended by the Company (by notice to the
Administrative Agent on or prior to the specified effective date) if such
condition is not satisfied or the effectiveness of such other credit facilities
is delayed. Any termination or reduction of the Commitments under any Tranche
shall be permanent. Each reduction of the Commitments under any Tranche shall be
made ratably among the applicable Lenders in accordance with their Commitments
under such Tranche.

(d) (i) The Company may at any time and from time to time, by written notice to
the Administrative Agent (which shall deliver a copy thereof to the Canadian
Agent, the London Agent and the applicable Lenders) executed by the Company and
one or more financial institutions (any such financial institution referred to
in this Section being called an “Increasing Lender”), which may include any
Lender, cause Global Tranche Commitments or US Tranche Commitments to be
extended by the Increasing Lenders (or cause the Global Tranche Commitments or
US Tranche Commitments of the Increasing Lenders to be increased, as the case
may be) in an amount for each Increasing Lender (which shall not be less than
US$5,000,000) set forth in such notice; provided, that (A) the new Commitments
and increases in existing Commitments pursuant to this paragraph shall not be
greater than US$100,000,000 in the aggregate during the term of this Agreement
and shall not be less than US$10,000,000 (or any portion of such US$100,000,000
aggregate amount remaining unused) for any such increase, (B) each Increasing
Lender, if not already a Lender hereunder, shall be subject to the approval of
the Administrative Agent (which approval shall not be unreasonably withheld) and
(iii) each Increasing Lender, if not already a Lender hereunder, shall become a
party to this Agreement by completing and delivering to the Administrative Agent
a duly executed accession agreement in a form satisfactory to the Administrative
Agent and the Borrower (an “Accession Agreement”). New Commitments and increases
in Commitments shall become effective on the date specified in the applicable
notices delivered pursuant to this paragraph. Upon the effectiveness of any
Accession Agreement to which any Increasing Lender is a party, (x) such
Increasing Lender shall thereafter be deemed to be a party to this Agreement and
shall be entitled to all rights, benefits and privileges accorded a Lender
hereunder and subject to all obligations of a Lender hereunder and (y) Schedule
2.01 shall be deemed to have been amended to reflect the Commitment or
Commitments of such Increasing Lender as provided in such Accession Agreement.

(ii) On the effective date (the “Increase Effective Date”) of any increase in
the Commitments of any Tranche pursuant to paragraph (d)(i) above (a “Commitment
Increase”), (A) the aggregate principal amount of the Borrowings of such Tranche
outstanding (the “Initial Borrowings”) immediately prior to the Commitment
Increase on the Increase Effective Date shall be deemed to be paid; (B) each
Increasing Lender that shall have had a Commitment under such Tranche prior to
the Commitment Increase shall pay to the Administrative Agent in same day funds
(in the applicable currencies), an amount equal to the difference between
(x) the product of (1) such Lender’s applicable Tranche Percentage (calculated
after giving effect to the Commitment Increase) multiplied by (2) the amount of
each Subsequent Borrowing (as hereinafter defined) and (y) the product of
(1) such Lender’s applicable Tranche Percentage (calculated without giving
effect to the Commitment Increase) multiplied by (2) the amount of each Initial
Borrowing; (C) each Increasing Lender that shall not have had a Commitment under
such Tranche prior to the Commitment Increase shall pay to the Administrative
Agent in same day funds (in the applicable currencies) an amount equal to the
product of (1) such Increasing Lender’s applicable Tranche Percentage
(calculated after giving effect to the Commitment Increase) multiplied by
(2) the amount of each Subsequent Borrowing; (D) after the Administrative Agent
receives the funds specified in clauses (B) and (C) above, the Administrative
Agent shall pay to each Lender (in the applicable currencies) the portion of
such funds that is equal to the difference between (x) the product of (1) such
Lender’s applicable Tranche Percentage (calculated without giving effect to the
Commitment Increase) multiplied by (2) the amount of each Initial Borrowing, and
(y) the product of (1) such Lender’s applicable Tranche Percentage (calculated
after giving effect to the Commitment Increase) multiplied by (2) the amount of
each Subsequent Borrowing; (E) after the effectiveness of the Commitment
Increase, the applicable Borrower shall be deemed to have made new Borrowings
(the “Subsequent Borrowings”) in amounts (in the currencies of the Initial
Borrowings) equal to the amounts of the Initial Borrowings and of the Types and
for the Interest Periods specified in a Borrowing Request delivered to the
Administrative

36

  

Agent in accordance with Section 2.03; (F) each Lender shall be deemed to hold
its applicable Tranche Percentage of each Subsequent Borrowing (each calculated
after giving effect to the Commitment Increase); and (G) the Borrower shall pay
each Lender any and all accrued but unpaid interest on its Loans comprising the
Initial Borrowings. The deemed payments made pursuant to clause (i) above shall
be subject to compensation by the applicable Borrower pursuant to the provisions
of Section 2.16 if the Increase Effective Date occurs other than on the last day
of the Interest Period relating thereto.

(iii) Notwithstanding the foregoing, no increase in the Commitments (or in the
Commitment of any Lender) or additions of a new Lender shall become effective
under this paragraph (d) unless (A) on the effective date of such increase, the
conditions set forth in Section 4.02(a) and (b) shall be satisfied (with all
references in such paragraphs to a Borrowing being deemed to be references to
such increase or addition) and (B) the Administrative Agent shall have received
a certificate to that effect dated such date and executed by the President, Vice
President or a Financial Officer of the Company (with sufficient copies for each
of the Lenders) together with documents consistent with those delivered on the
Effective Date under Section 4.01(b), (c) and (f), giving effect to such
increase or addition.

SECTION 2.09. Repayment of Loans; Evidence of Debt.
(a) Each Borrower hereby unconditionally promises to pay (i) to the Applicable
Agent for the accounts of the applicable Lenders the then unpaid principal
amount of each Revolving Loan of such Borrower on the Maturity Date and (ii) to
the Swingline Lender the then unpaid principal amount of each Swingline Loan
made to such Borrower on the earlier of the Maturity Date and the first date
after such Swingline Loan is made that is the 15th day or the last day of a
calendar month and that is at least two Business Days after the day on which
such Swingline Loan is made; provided that on each date on which a Borrowing
denominated in US Dollars (including any ABR Borrowing) is made to a Borrower
that shall have borrowed Swingline Loans, such Borrower shall repay all
Swingline Loans then outstanding to it.

(b) Each Lender shall maintain in accordance with its usual practice an account
or accounts evidencing the Indebtedness of each Borrower to such Lender
resulting from each Loan made by such Lender, including the amounts of principal
and interest payable and paid to such Lender from time to time hereunder.

(c) The Administrative Agent shall maintain accounts in which it shall record
(i) the amount of each Loan made hereunder, the Class and Type of each such Loan
and, in the case of any LIBOR, EURIBOR or CDOR Loan, the Interest Period
applicable thereto, (ii) the amount of any principal or interest due and payable
or to become due and payable from each Borrower to each Lender hereunder and
(iii) the amount of any sum received by the Administrative Agent, the Canadian
Agent or the London Agent hereunder for the account of the Lenders or any of
them and each Lender’s share thereof. The information contained in such accounts
will be made available to the Company at reasonable times and upon reasonable
request.

(d) The entries made in the accounts maintained pursuant to paragraph (b) or (c)
of this Section shall be prima facie evidence of the existence and amounts of
the obligations recorded therein; provided that the failure of any Lender or the
Administrative Agent to maintain such accounts or any error therein shall not in
any manner affect the obligation of any Borrower to repay the Loans in
accordance with the terms of this Agreement.

(e) Any Lender may request that Loans of any Class made by it to any Borrower be
evidenced by a promissory note. In such event, the applicable Borrower shall
prepare, execute and deliver to such Lender a promissory note payable to such
Lender (or, if requested by such Lender, to such Lender and its registered
assigns) and in a form approved by the Company and the Administrative Agent.
Thereafter, the Loans evidenced by such promissory note and interest thereon
shall at all times (including after assignment pursuant to Section 10.04) be
represented by one or more promissory notes in such form payable to the payee
named therein (or, if such promissory note is a registered note, to such payee
and its registered assigns).

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SECTION 2.10. Prepayment of Loans. (a) Each Borrower shall have the right at any
time and from time to time to prepay any Borrowing of such Borrower in whole or
in part, subject to Section 2.16 (but otherwise without premium or penalty) and
the requirements of this Section.

(b) If the aggregate Revolving Credit Exposures under any Tranche shall exceed
the aggregate Commitments under such Tranche, then (i) on the last day of any
Interest Period for any LIBOR Borrowing, EURIBOR Borrowing or CDOR Borrowing
under such Tranche and (ii) on each other date on which any ABR Borrowing or
Swingline Loan or a Canadian Prime Borrowing shall be outstanding under such
Tranche, the applicable Borrowers shall prepay Loans under such Tranche in an
aggregate amount equal to the lesser of (i) the amount necessary to eliminate
such excess and (ii) the amount of such Borrowing. If the aggregate Revolving
Credit Exposures under any Tranche on the last day of any month shall exceed
105% of the aggregate Commitments under such Tranche, then the applicable
Borrowers shall, within three Business Days of such last day, prepay one or more
Borrowings under such Tranche in an aggregate principal amount sufficient to
eliminate such excess.

(c) On the date of any Prepayment Event, the Company shall pay or prepay (or
shall cause a Borrowing Subsidiary to pay or prepay) Borrowings in an amount
equal to that portion of the Pro Rata Proceeds of such Event equal to the excess
of (a) the aggregate Revolving Credit Exposures immediately following such Event
over (b) the aggregate Commitments after giving effect to the reduction of the
Commitments required pursuant to Section 6.03(i) or 6.06(c) in respect of such
Event.

(d) On the date of any termination or reduction of the Commitments of either
Tranche pursuant to Section 2.08, the Company shall pay or prepay (or shall
cause a Borrowing Subsidiary to pay or prepay) so much of the Borrowings under
such Tranche as shall be necessary in order that the aggregate Revolving Credit
Exposures under such Tranche shall not exceed the aggregate Commitments under
such Tranche after giving effect to such termination or reduction.

(e) Prior to any optional or mandatory prepayment of Borrowings hereunder, the
applicable Borrower shall select the Borrowing or Borrowings to be prepaid and
shall specify such selection in the notice of such prepayment pursuant to
paragraph (f) of this Section.

(f) The applicable Borrower shall notify the Applicable Agent (and, in the case
of prepayment of a Swingline Loan, the Swingline Lender) of any prepayment of a
Borrowing hereunder (i) in the case of a LIBOR Borrowing, a EURIBOR Borrowing or
a CDOR Borrowing, not later than 11:00 a.m., Local Time, three Business Days
before the date of such prepayment, (ii) in the case of an ABR Borrowing or a
Canadian Prime Borrowing, not later than 11:00 a.m., New York City time, one
Business Day before the date of such prepayment and (iii) in the case of
prepayment of a Swingline Loan, not later than 12:00 noon, New York City time,
on the date of prepayment. Each such notice shall be given (i) in the case of a
notice to the Administrative Agent or the Canadian Agent, by telephone or
telecopy, and (ii) in the case of a notice to the London Agent, by email or
telecopy. Each such telephonic notice shall be confirmed promptly by hand
delivery or telecopy of a written notice. Each such notice shall be irrevocable
and shall specify the prepayment date and the principal amount of each Borrowing
or portion thereof to be prepaid; provided that, if a notice of prepayment is
given in connection with a conditional notice of termination of the Commitments
as contemplated by Section 2.08, then such notice of prepayment may be revoked
if such notice of termination is revoked in accordance with Section 2.08.
Promptly following receipt of any such notice relating to a Borrowing, the
Applicable Agent shall advise the applicable Lenders of the contents thereof.
Each partial prepayment of any Borrowing shall be in an amount that would be
permitted in the case of an advance of a Borrowing of the same Type as provided
in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the
Loans included in the prepaid Borrowing. Prepayments shall be accompanied by
accrued interest to the extent required by Section 2.12.

SECTION 2.11. Fees. (a) The Borrowers agree to pay to the Administrative Agent,
in US Dollars, for the account of each Lender, a commitment fee (a “Commitment
Fee”), which shall accrue at the Applicable Rate on the daily unused amount of
each Commitment of such Lender, in each

38

  

case during the period from and including the Closing Date to but excluding the
date on which such Commitment terminates. Accrued Commitment Fees shall be
payable in arrears on the last day of March, June, September and December of
each year, commencing on the first such date to occur after the Closing Date,
and, with respect to the Commitments of any Tranche, on the date on which the
Commitments of such Tranche shall terminate. All Commitment Fees shall be
computed on the basis of a year of 360 days and shall be payable for the actual
number of days elapsed (including the first day but excluding the last day). For
purposes of computing Commitment Fees, (i) a Global Tranche Commitment of a
Lender shall be deemed to be used to the extent of the outstanding Global
Tranche Revolving Loans and LC Exposure (to the extent attributable to its
Global Tranche Commitment) of such Lender (and the Swingline Exposure of such
Lender shall be disregarded for such purpose), and (ii) a US Tranche Commitment
of a Lender shall be deemed to be used to the extent of the outstanding US
Tranche Revolving Loans and LC Exposure (to the extent attributable to its US
Tranche Commitment) of such Lender (and the Swingline Exposure of such Lender
shall be disregarded for such purpose).

(b) The Company agrees to pay (or cause the applicable Borrowing Subsidiary to
pay) (i) to the Administrative Agent for the account of each Lender a
participation fee (an “LC Participation Fee”) with respect to its participations
in Letters of Credit, which shall accrue at the Applicable Rate used in
determining the interest rate applicable to LIBOR Revolving Loans on the daily
amount of such Lender’s LC Exposure (excluding any portion thereof attributable
to unreimbursed LC Disbursements) during the period from and including the
Closing Date to but excluding the later of the date on which such Lender’s
Commitment terminates and the date on which such Lender ceases to have any LC
Exposure, and (ii) to each Issuing Bank, a fronting fee (an “LC Fronting Fee”),
which shall accrue at the rate of 0.125% per annum on the average daily undrawn
amount of the outstanding Letters of Credit issued by such Issuing Bank during
the period from and including Closing Date to but excluding the later of the
date of termination of the Commitments and the date on which the last of such
Letters of Credit expires, terminates or is drawn in full, as well as such
Issuing Bank’s standard fees (“Issuing Bank Fees”) with respect to the issuance,
amendment, renewal or extension of any Letter of Credit or processing of
drawings thereunder. LC Participation Fees and LC Fronting Fees accrued through
and including the last day of March, June, September and December of each year
shall be payable on the third Business Day following such last day, commencing
on the first such date to occur after the Effective Date; provided that all such
Fees not so paid shall be payable on the date on which the Commitments terminate
and any such Fees accruing after the date on which the Commitments terminate
shall be payable on demand. Any other fees payable to any Issuing Bank pursuant
to this paragraph shall be payable within 10 days after demand. All LC
Participation Fees and LC Fronting Fees shall be computed on the basis of a year
of 360 days and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day).

(c) The Borrowers agree to pay to the Administrative Agent, for its own account,
fees payable in the amounts and at the times separately agreed upon in writing
between the Company and the Administrative Agent.

(d) The Borrowers agree to pay, through the Administrative Agent, upfront fees
in the amounts heretofore communicated to the Lenders by the Company and the
Administrative Agent.

(e) All fees payable hereunder shall be paid on the dates on which due, in
immediately available funds, to the Administrative Agent or to any Issuing Bank
(in the case of fees payable to it) for distribution, in the case of Commitment
Fees, LC Participation Fees and upfront fees, to the Revolving Lenders entitled
thereto. Fees paid shall not be refundable under any circumstances. The parties
hereto agree that each fee payable under paragraph (a), (c) or (d) of this
Section shall be payable (i) 61% by the Company, (ii) 13% by AIH, (iii) 13% by
AIE, and (iv) 13% by AIC, it being agreed that such allocation shall not reduce
the rights of the Administrative Agent or the Lenders under Article IX in
respect of amounts payable by such Borrowing Subsidiaries.

SECTION 2.12. Interest. (a) The Loans comprising each ABR Borrowing (including
each Swingline Loan) shall bear interest at the Alternate Base Rate plus the
Applicable Rate.

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(b) The Loans comprising each Canadian Prime Borrowing shall bear interest at
the Canadian Prime Rate plus the Applicable Rate.

(c) The Loans comprising each LIBOR Borrowing shall bear interest at the
Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the
Applicable Rate.

(d) The Loans comprising each EURIBOR Borrowing shall bear interest at the
Adjusted EURIBO Rate for the Interest Period in effect for such Borrowing plus
the Applicable Rate.

(e) The Loans comprising each CDOR Borrowing shall bear interest at the CDOR
Rate for the Interest Period in effect for such Borrowing plus the Applicable
Rate.

(f) Notwithstanding the foregoing, if any principal of or interest on any Loan
or any fee or other amount payable by any Borrower hereunder is not paid when
due, whether at stated maturity, upon acceleration or otherwise, such overdue
amount shall bear interest, to the fullest extent permitted by applicable law,
after as well as before judgment, at a rate per annum equal to (i) in the case
of overdue principal of any Loan, 2% plus the rate otherwise applicable to such
Loan as provided in the preceding paragraphs of this Section or (ii) in the case
of any other amount, 2% plus the rate applicable to ABR Loans as provided in
paragraph (a) of this Section.

(g) Accrued interest on each Loan under any Tranche shall be payable in arrears
on each Interest Payment Date for such Loan and upon the termination of the
Commitments of such Tranche; provided that (i) interest accrued pursuant to
paragraph (d) of this Section shall be payable on demand, (ii) in the event of
any repayment or prepayment of any Loan (other than a prepayment of an ABR
Revolving Loan prior to the end of the Availability Period), accrued interest on
the principal amount repaid or prepaid shall be payable on the date of such
repayment or prepayment and (iii) in the event of any conversion of any LIBOR,
EURIBOR or CDOR Revolving Loan prior to the end of the current Interest Period
therefor, accrued interest on such Loan shall be payable on the effective date
of such conversion. All interest shall be payable in the currency in which the
applicable Loan is denominated.

(h) All interest hereunder shall be computed on the basis of a year of 360 days,
except that (i) interest computed by reference to the Alternate Base Rate at
times when the Alternate Base Rate is based on the Prime Rate and interest on
Canadian Prime Rate Borrowings shall be computed on the basis of a year of
365 days (or 366 days in a leap year) and (ii) interest on CDOR Borrowings shall
be computed on the basis of a year of 365 days. Interest on all Borrowings and
other amounts accruing interest shall be payable for the actual number of days
elapsed (including the first day but excluding the last day). The applicable
Alternate Base Rate, Adjusted LIBO Rate, Adjusted EURIBO Rate, Canadian Prime
Rate or CDOR Rate shall be determined by the Applicable Agent, and such
determination shall be conclusive absent manifest error.

(i) The rates of interest provided for in this Agreement, insofar as they relate
to Global Tranche Revolving Loans made to or LC Disbursements under Letters of
Credit issued for the account of Swiss Borrowing Subsidiaries, are minimum
interest rates. When entering into this Agreement, the parties have assumed that
the interest payable by Swiss Borrowing Subsidiaries at the rates set out in
this Section or in other Sections of this Agreement is not and will not become
subject to the Swiss Withholding Tax. Notwithstanding that the parties hereto do
not anticipate that any payment of interest will be subject to the Swiss
Withholding Tax, such parties agree that, in the event that (i) the Swiss
Withholding Tax shall be imposed on interest payments by any Swiss Borrowing
Subsidiary and (ii) such Swiss Borrowing Subsidiary is unable, by reason of the
Swiss Withholding Tax Act, to comply with Section 2.17, the interest rate on
Loans and LC Disbursements of such Swiss Borrowing Subsidiary shall be increased
in such a way that the amount of interest effectively paid to each Lender or
Issuing Bank is in an amount which (after making any deduction of the
Non-Refundable Portion (as defined below) of the Swiss Withholding Tax) equals
the amount of such interest that would have been due had no deduction of Swiss
Withholding Tax been required. Unless an Event of Default has occurred and is
continuing, a payment shall not be

40

  

increased with respect to a specific Lender under this paragraph (i) of Section
2.12 by reason of Swiss Withholding Tax if and to the extent the Swiss Ten
Non-Bank Rule and/or the Swiss Twenty Non-Bank Rule shall have been violated as
a result, in whole or in part, of such Lender's non-compliance with its
obligations under Section 2.17(h) or Section 10.04(d). For the purposes of this
Section, “Non-Refundable Portion” shall mean Swiss Withholding Tax at the
standard rate (being, as at the date hereof, 35%) unless a tax ruling issued by
the Swiss Federal Tax Administration confirms that, in relation to a specific
Lender based on an applicable double tax treaty, the Non-Refundable Portion is a
specified lower rate (or no withholding tax is imposed), in which case such
lower rate (or zero rate) shall be applied in relation to such Lender. To the
extent that interest payable by a Swiss Borrowing Subsidiary under this
Agreement or any other Loan Document becomes subject to Swiss Withholding Tax,
each specific Lender and the specific Swiss Borrowing Subsidiary shall promptly
co-operate in completing any procedural formalities (including submitting forms
and documents required by the appropriate Tax authority) to the extent possible
and necessary for the specific Swiss Borrowing Subsidiary to obtain the tax
ruling from Swiss Federal Tax Administration.

(j) No Swiss Borrowing Subsidiary shall be required to pay any additional amount
to a Lender pursuant to paragraph (i) above to compensate such Lender for any
Swiss Withholding Tax that, as to such Lender, is an Excluded Tax by reason of
subclause (c)(ii) of the definition of such term.

SECTION 2.13. Alternate Rate of Interest. If prior to the commencement of any
Interest Period for a LIBOR Borrowing, a EURIBOR Borrowing or a CDOR Borrowing:

(a) the Applicable Agent determines (which determination shall be conclusive
absent manifest error) that adequate and reasonable means do not exist for
ascertaining the Adjusted LIBO Rate, the Adjusted EURIBO Rate or the CDOR Rate,
as the case may be, for such Interest Period; or

(b) the Applicable Agent is advised by the Required Lenders (or a majority in
interest of the Lenders that would make Loans as part of such Borrowing) that
the Adjusted LIBO Rate, Adjusted EURIBO Rate or CDOR Rate, as the case may be,
for such Interest Period will not adequately and fairly reflect the cost to such
Lenders of making or maintaining the Loans included in such Borrowing for such
Interest Period;

then the Applicable Agent shall give notice thereof to the applicable Borrower
and the applicable Lenders by telephone or telecopy as promptly as practicable
thereafter and, until the Applicable Agent notifies the applicable Borrower and
the applicable Lenders that the circumstances giving rise to such notice no
longer exist (it being agreed that the Administrative Agent will so notify the
Company promptly after it becomes aware that such circumstances no longer
exist), (i) any Interest Election Request that requests the conversion of any
Borrowing to, or continuation of any Borrowing as, an affected LIBOR Borrowing,
EURIBOR Borrowing or CDOR Borrowing, as the case may be, shall be ineffective,
(ii) any affected LIBOR Borrowing, EURIBOR Borrowing or CDOR Borrowing that is
requested to be continued shall (A) if denominated in US Dollars, be continued
as an ABR Borrowing, (B) if denominated in Canadian Dollars, be continued as a
Canadian Prime Borrowing or (C) otherwise, be repaid on the last day of the then
current Interest Period applicable thereto and (iii) any Borrowing Request for
an affected LIBOR Borrowing, a EURIBOR Borrowing or CDOR Borrowing shall (A) if
denominated in US Dollars, be deemed a request for an ABR Borrowing, (B) if
denominated in Canadian Dollars, be deemed a request for a Canadian Prime
Borrowing or (C) otherwise, be ineffective.

SECTION 2.14. Increased Costs. (a) If any Change in Law shall:

(i) impose, modify or deem applicable any reserve, special deposit, compulsory
loan, insurance charge or similar requirement against assets of, deposits with
or for the account of or credit extended by, any Lender (except any such reserve
requirement reflected in the Adjusted LIBO Rate or the Adjusted EURIBO Rate) or
any Issuing Bank;

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(ii) subject any Agent, Lender or Issuing Bank to any Taxes (other than Taxes on
payments under this Agreement and Other Taxes, which shall be governed by
Section 2.17, and Excluded Taxes) on its loans, loan principal, letters of
credit, commitments or other obligations, or its deposits, reserves, other
liabilities or capital attributable thereto; or

(iii) impose on any Lender, any Issuing Bank or the London or European interbank
market any other condition (other than Taxes) affecting this Agreement or LIBOR
Loans, EURIBOR Loans or CDOR Loans made by such Lender or any Letter of Credit
or participations therein;

and the result of any of the foregoing shall be to increase the cost to such
Lender of making or maintaining any LIBOR Loan, EURIBOR Loan or CDOR Loan (or of
maintaining its obligation to make any Loan) or to increase the cost to such
Lender or Issuing Bank of participating in, issuing or maintaining any Letter of
Credit or to reduce the amount of any sum received or receivable by such Lender
or Issuing Bank hereunder (whether of principal, interest or otherwise), then
the applicable Borrower will pay to such Lender or Issuing Bank, as the case may
be, such additional amount or amounts as will compensate such Lender or Issuing
Bank, as the case may be, for such additional costs incurred or reduction
suffered; provided that the Borrower shall have no obligation to pay or cause to
be paid any amounts in respect of such increased cost or reduction if it is not
the general practice of such Lender or such Issuing Bank at the time such
increased cost or reduction occurs to claim reimbursement for, or indemnity with
respect to, such increased cost or reduction in respect of similar transactions
involving similarly situated borrowers.

(b) If any Lender or any Issuing Bank determines that any Change in Law
regarding capital or liquidity requirements has or would have the effect of
reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the
capital of such Lender’s or Issuing Bank’s holding company, if any, as a
consequence of this Agreement or the Loans made by, or participations in Letters
of Credit held by, such Lender, or the Letters of Credit issued by such Issuing
Bank, to a level below that which such Lender or such Issuing Bank or such
Lender’s or such Issuing Bank’s holding company could have achieved but for such
Change in Law (taking into consideration such Lender’s or such Issuing Bank’s
policies and the policies of such Lender’s or such Issuing Bank’s holding
company with respect to capital adequacy and liquidity), then from time to time
the applicable Borrower will pay to such Lender or such Issuing Bank, as the
case may be, such additional amount or amounts as will compensate such Lender or
such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for
any such reduction suffered.

(c) If the cost to any Lender of making or maintaining any Loan to, or
participating in any Letter of Credit or of any Issuing Bank of issuing or
maintaining any Letter of Credit to, a Borrowing Subsidiary is increased (or the
amount of any sum received or receivable by any Lender (or its applicable
lending office) or any Issuing Bank is reduced) by an amount deemed in good
faith by such Lender or such Issuing Bank to be material, by reason of the fact
that such Borrowing Subsidiary is incorporated in, has its principal place of
business in, or borrows from, a jurisdiction outside the United States, such
Lender or such Issuing Bank shall provide prompt notice thereof to the Company
and such Borrowing Subsidiary shall indemnify such Lender or such Issuing Bank
for such increased cost or reduction within 10 days after demand by such Lender
or such Issuing Bank (with a copy to the Administrative Agent); provided that
failure by such Lender or such Issuing Bank to provide prompt notice pursuant to
this Section will not impair its rights to indemnification under this Section
(except, and only to the extent, such Borrowing Subsidiary suffers an actual
loss by the failure to provide such notice within 90 days from the incurrence of
such increased cost). A certificate of such Lender or such Issuing Bank claiming
compensation under this paragraph and setting forth the additional amount or
amounts to be paid to it hereunder (and the basis for the calculation of such
amount or amounts) shall be conclusive in the absence of manifest error.

(d) A certificate of a Lender or Issuing Bank setting forth the amount or
amounts necessary to compensate such Lender or Issuing Bank or its holding
company, as the case may be, as specified in paragraph (a) or (b) of this
Section shall be delivered to the Company and shall be conclusive absent
manifest error. The Company shall pay or cause the applicable Borrower to pay
such Lender or

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such Issuing Bank, as the case may be, the amount shown as due on any such
certificate within 10 days after receipt thereof.

(e) Failure or delay on the part of any Lender or any Issuing Bank to demand
compensation pursuant to this Section shall not constitute a waiver of such
Lender’s or such Issuing Bank’s right to demand such compensation; provided that
the applicable Borrower shall not be required to compensate a Lender or an
Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than 180 days prior to the date that such Lender or such Issuing
Bank, as the case may be, notifies the Company of the Change in Law giving rise
to such increased costs or reductions and of such Lender’s or such Issuing
Bank’s intention to claim compensation therefor; provided further that, if the
Change in Law giving rise to such increased costs or reductions is retroactive,
then the 180-day period referred to above shall be extended to include the
period of retroactive effect thereof.

SECTION 2.15. Change in Legality. (a) Notwithstanding any other provision
herein, if, after the Closing Date, (i) any Change in Law shall make it unlawful
for any Lender to make or maintain any LIBOR Loan, EURIBOR Loan or CDOR Loan or
(ii) there shall have occurred any change in national or international
financial, political or economic conditions (including the imposition of or any
change in exchange controls) or currency exchange rates which would make it
impracticable for any Lender to make any LIBOR Loan, EURIBOR Loan or CDOR Loan,
then, by written notice to the Company and to the Administrative Agent:

(i) such Lender may declare that LIBOR Loans or EURIBOR Loans (in the affected
currency or currencies) or CDOR Loan, as the case may be, will not thereafter
(for the duration of such unlawfulness or impracticability) be made by such
Lender hereunder, whereupon any request for a LIBOR Borrowing or EURIBOR
Borrowing (in the affected currency or currencies) or a CDOR Borrowing, as the
case may be, shall, as to such Lender only, be deemed (A) in the case of a
request for a Loan denominated in US Dollars, a request for an ABR Loan, (B) in
the case of a request for a Loan denominated in Canadian Dollars, a request for
a Canadian Prime Loan or (B) in the case of a request for a Loan denominated in
any other currency, to have been withdrawn; and

(ii) such Lender may require (A) that all affected LIBOR Loans denominated in US
Dollars made by it be converted to ABR Loans, (B) that all affected CDOR Loans
made by it be converted to Canadian Prime Loans and (C) that all affected LIBOR
Loans denominated in any other currency or EURIBOR Loans made by it be prepaid,
in which event all such LIBOR Loans or EURIBOR Loans shall be automatically
converted to ABR Loans or prepaid, as the case may be, and all such affected
CDOR Loans shall be automatically converted to Canadian Prime Loans, in each
case as of the effective date of such notice as provided in paragraph (b) of
this Section.

In the event any Lender shall exercise its rights under clause (i) or (ii)
above, all payments and prepayments of principal which would otherwise have been
applied to repay the LIBOR Loans, EURIBOR Loans or CDOR Loans of such Lender
shall instead be applied to repay the ABR Loans or Canadian Prime Loans made by
such Lender in lieu of, or resulting from the conversion of, such LIBOR Loans,
EURIBOR Loans or CDOR Loans.

(b) For purposes of this Section, a notice to the Company by any Lender shall be
effective as to each such Loan, if lawful, on the last day of the Interest
Period currently applicable to such Loan; in all other cases such notice shall
be effective on the date of receipt by the Company.

SECTION 2.16. Break Funding Payments. In the event of (a) the payment of any
principal of any LIBOR Loan, EURIBOR Loan or CDOR Loan other than on the last
day of an Interest Period applicable thereto (including as a result of an Event
of Default), (b) the conversion of any any LIBOR Loan, EURIBOR Loan or CDOR Loan
other than on the last day of the Interest Period applicable thereto, (c) the
failure to borrow, convert, continue or prepay any any LIBOR Loan, EURIBOR Loan
or CDOR Loan on the date specified in any notice delivered pursuant hereto
(regardless of whether any such

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notice may be revoked or extended under Section 2.10(e) and is revoked or
extended in accordance therewith) or (d) the assignment of any any LIBOR Loan,
EURIBOR Loan or CDOR Loan other than on the last day of the Interest Period
applicable thereto as a result of a request by the applicable Borrower pursuant
to Section 2.19 or following an Event of Default with respect to the Company
under Section 7.01(h) or (i), then, in any such event, the applicable Borrower
shall compensate each Lender for the loss, cost and expense attributable to such
event. In the case of a any LIBOR Loan, EURIBOR Loan or CDOR Loan, such loss,
cost or expense to any Lender shall be deemed to include an amount determined by
such Lender in good faith to be the excess, if any, of (i) the amount of
interest which would have accrued on the principal amount of such Loan had such
event not occurred, at the Adjusted LIBO Rate, the Adjusted EURIBO Rate or the
CDOR Rate, as the case may be (without taking into account the Applicable Rate),
that would have been applicable to such Loan, for the period from the date of
such event to the last day of the then current Interest Period therefor (or, in
the case of a failure to borrow, convert or continue, for the period that would
have been the Interest Period for such Loan) over (ii) the amount of interest
that would accrue on such principal amount for such period at the Adjusted LIBO
Rate, the Adjusted EURIBO Rate or the CDOR Rate, as the case may be (without
taking into account the Applicable Rate), for an Interest Period commencing on
the date of such event and ending at or as nearly as possible to the last day of
the then current Interest Period for such Loan (or, in the case of a failure to
borrow, convert or continue, the last day of the period that would have been the
Interest Period for such Loan). A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive pursuant to this
Section shall be delivered to the applicable Borrower and shall be conclusive
absent manifest error. The applicable Borrower shall pay such Lender the amount
shown as due on any such certificate within 10 days after receipt thereof.

SECTION 2.17. Taxes. (a) Any and all payments by or on account of any obligation
of any Loan Party hereunder or under any other Loan Document shall be made free
and clear of and without deduction for any Indemnified Taxes or Other Taxes,
except as required by law; provided that if any Loan Party shall be required to
deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum
payable shall be increased as necessary so that after making all required
deductions (including deductions applicable to additional sums payable under
this Section) each Agent, Lender and Issuing Bank (as the case may be) receives
an amount equal to the sum it would have received had no such deductions been
made, (ii) such Loan Party shall make such deductions and (iii) such Loan Party
shall pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law.

(b) In addition, the Company shall pay, or shall cause the applicable Loan Party
to pay, any Other Taxes to the relevant Governmental Authority in accordance
with applicable law.

(c) The Company shall indemnify (or shall cause the applicable Loan Party to
indemnify) each Agent, each Lender and each Issuing Bank, within 10 days after
written demand therefor, for the full amount of any Indemnified Taxes or Other
Taxes paid by such Agent, such Lender or such Issuing Bank, as the case may be,
on or with respect to any payment by or on account of any obligation of the
Company (or such Loan Party) hereunder or under any other Loan Document
(including Indemnified Taxes or Other Taxes imposed or asserted on or
attributable to amounts payable under this Section) and any penalties, interest
and reasonable expenses arising therefrom or with respect thereto, whether or
not such Indemnified Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority; provided that the Company shall
have no obligation to pay or cause to be paid any amounts in respect of
Indemnified Taxes or Other Taxes if it is not the general practice of the Lender
at the time such Taxes are assessed or imposed to claim reimbursement for, or
indemnity with respect to, such Taxes in respect of similar payments or
transactions involving similarly situated borrowers. A certificate as to the
amount of such payment or liability delivered to the Company by a Lender or an
Issuing Bank or by an Agent, on its own behalf or on behalf of a Lender or an
Issuing Bank, shall be conclusive absent manifest error.

(d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes
by the Company or any other Loan Party to a Governmental Authority, the Company
shall deliver, or shall cause such Loan Party to deliver, to the Applicable
Agent the original or a certified copy of a receipt issued

44

  

.

by such Governmental Authority evidencing such payment, a copy of the return
reporting such payment or other evidence of such payment reasonably satisfactory
to the Applicable Agent.

(e) Each Lender shall severally indemnify each Agent for the full amount of any
Excluded Taxes attributable to such Lender that is paid or payable by such Agent
in connection with any Loan Document and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Excluded Taxes were
correctly or legally imposed or asserted by the relevant Governmental Authority.
The indemnity under this paragraph (e) shall be paid within 10 days after any
such Agent delivers to the applicable Lender a certificate stating the amount of
Excluded Taxes so payable by such Agent. Such certificate shall be conclusive of
the amount so payable absent manifest error.

(f) (i) Any Lender that is entitled to an exemption from or reduction of
withholding Tax under the law of the jurisdiction in which a Borrower is
located, or any treaty to which such jurisdiction is a party, with respect to
any payments under this Agreement or any other Loan Document shall deliver to
the Company (and the Agents), at the time or times prescribed by applicable law
or reasonably requested by the Borrower or any Agent, such properly completed
and executed documentation prescribed by applicable law or reasonably requested
by the Borrower or such Agent as will permit such payments to be made without,
or at a reduced rate of, withholding. In addition, any Lender, if requested by
the Borrower or any Agent, shall deliver such other documentation prescribed by
applicable law or reasonably requested by the Borrower or such Agent as will
enable the Borrower or such Agent to determine whether or not such Lender is
subject to backup withholding or information reporting requirements.
Notwithstanding anything to the contrary in the preceding two sentences, the
completion, execution and submission of such documentation (other than such
documentation set forth below in this paragraph (f)) shall not be required if in
the Lender’s judgment such completion, execution or submission would subject
such Lender to any material unreimbursed cost or expense or would materially
prejudice the legal or commercial position of such Lender. Upon the reasonable
request of the Borrower or any Agent, any Lender shall update any form or
certification previously delivered pursuant to this Section. If any form or
certification previously delivered pursuant to this Section expires or becomes
obsolete or inaccurate in any respect with respect to a Lender, such Lender
shall promptly (and in any event within 10 days after such expiration,
obsolescence or inaccuracy) notify such Borrower and the Agents in writing of
such expiration, obsolescence or inaccuracy and update the form or certification
if it is legally eligible to do so. If a payment made to a Lender under any Loan
Document would be subject to U.S. Federal withholding Tax imposed by FATCA if
such Lender fails to comply with the applicable reporting requirements of FATCA
(including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender shall deliver to the Withholding Agent, at the time or
times prescribed by law and at such time or times reasonably requested by the
Withholding Agent, such documentation prescribed by applicable law (including as
prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional
documentation reasonably requested by the Withholding Agent as may be necessary
for the Withholding Agent to comply with its obligations under FATCA or to
determine the amount to deduct and withhold from such payment.

(ii) Without limiting the generality of the foregoing, if any Borrower is a U.S.
Person, any Lender with respect to such Borrower shall, if it is legally
eligible to do so, deliver to such Borrower and the Administrative Agent (in
such number of copies reasonably requested by such Borrower and the
Administrative Agent) on or prior to the date on which such Lender becomes a
party hereto, duly completed and executed copies of whichever of the following
is applicable:

(A) in the case of a Lender that is a U.S. Person, IRS Form W-9;

(B) in the case of a Foreign Lender claiming the benefits of an income tax
treaty to which the United States is a party (1) with respect to payments of
interest under any Loan Document, IRS Form W-8BEN establishing an exemption
from, or reduction of, U.S. federal withholding Tax pursuant to the “interest”
article of such tax treaty and (2) with respect to any other applicable payments
under any Loan Document, IRS Form W-8BEN establishing an exemption from U.S.
federal withholding Tax pursuant to the “business profits” or “other income”
article of such tax treaty;

45

  

(C) in the case of a Foreign Lender for whom payments under any Loan Document
constitute income that is effectively connected with such Lender’s conduct of a
trade or business in the United States, IRS Form W-8ECI;

(D) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code both (1) IRS Form W-8BEN and
(2) a certificate substantially in the form of the applicable certificate in
Exhibit C-2 (a “US Tax Certificate”) to the effect that such Lender is not (a) a
“bank” within the meaning of Section 881(c)(3)(A) of the Code, (b) a “10 percent
shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the
Code, (c) a “controlled foreign corporation” described in Section 881(c)(3)(C)
of the Code and (d) conducting a trade or business in the United States with
which the relevant interest payments are effectively connected;

(E) in the case of a Foreign Lender that is not the beneficial owner of payments
made under any Loan Document (including a partnership or a participating Lender)
(1) an IRS Form W-8IMY on behalf of itself and (2) the relevant forms prescribed
in clauses (A), (B), (C), (D) and (F) of this paragraph (f)(ii) that would be
required of each such beneficial owner or partner of such partnership if such
beneficial owner or partner were a Lender; provided, however, that if the Lender
is a partnership and one or more of its partners are claiming the exemption for
portfolio interest under Section 881(c) of the Code, such Lender may provide a
US Tax Certificate substantially in the form of the applicable certificate in
Exhibit C-2 on behalf of such partners; or

(F) any other form prescribed by law as a basis for claiming exemption from, or
a reduction of, U.S. federal withholding Tax together with such supplementary
documentation necessary to enable the Borrower or the Administrative Agent to
determine the amount of Tax (if any) required by law to be withheld.

(g) If an Agent, a Lender or an Issuing Bank reasonably determines that it has
received a refund of any Taxes as to which it has been indemnified by any Loan
Party or with respect to which any Loan Party has paid additional amounts
pursuant to this Section, it shall pay over such refund to such Loan Party (but
only to the extent of indemnity payments made, or additional amounts paid, by
such Loan Party under this Section with respect to the Taxes giving rise to such
refund), net of all reasonable out-of-pocket expenses of such Agent, such Lender
or such Issuing Bank and without interest (other than any interest paid by the
relevant Governmental Authority with respect to such refund); provided, however,
that such Loan Party agrees to pay, upon the request of such Agent, such Lender
or such Issuing Bank, the amount paid to such Loan Party (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to
such Agent, such Lender or such Issuing Bank in the event such Agent, such
Lender or such Issuing Bank is required to repay such refund to such
Governmental Authority. Nothing contained in this paragraph shall require any
Agent, any Lender or any Issuing Bank to make available its tax returns (or any
other information relating to its Taxes that it deems confidential) to any Loan
Party or any other Person.

(h) Each Global Tranche Lender that is a Global Tranche Lender as of the Closing
Date confirms that, as of the Closing Date, such Lender is a Qualifying Bank.
Each Person that shall become a Lender after the Closing Date confirms that, as
of the date such Person becomes a Lender, and each Person that shall at any time
acquire a participation in any Loan of any Swiss Borrowing Subsidiary shall be
deemed to have confirmed as of the date such Person acquires such participation
(or, if earlier, the date on which such Person acquired the participation in a
Commitment that resulted in its acquisition of such participation in such Loan
of such Swiss Borrowing Subsidiary upon the making thereof), it is a Qualifying
Bank. Each Lender which is a Qualifying Bank, and which participates in a Loan
made to or LC Disbursement for the account of any Swiss Borrowing Subsidiary,
will promptly notify the specific Swiss Borrowing Subsidiary and the
Administrative Agent in writing as soon as it becomes aware that it ceases, or
will cease, to be a Qualifying Bank. If and to the extent the continued
participation of such Lender in a Loan to or LC Disbursement for the account of
any Swiss Borrowing Subsidiary after it ceases to be a Qualifying Bank would
result in a breach of the Swiss Withholding Tax Rules, the Swiss Borrowing
Subsidiary may, unless an Event of Default has occurred and is continuing
pursuant to clause (h) or (i) of

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Article VII, require that such Lender transfer its rights and obligations in
respect of the Loan to another person in compliance with Section 10.04 as soon
as reasonably practicable.

(i) For purposes of applying clause (c)(i) of the definition of Excluded Taxes,
the parties agree that the Swiss Withholding Tax shall be treated as not
“applicable” as of the date hereof.

(j) Unless an Event of Default has occurred and is continuing, a payment shall
not be increased with respect to a specific Lender under this Section 2.17 by
reason of Swiss Withholding Tax if and to the extent the Swiss Ten Non-Bank Rule
and/or the Swiss Twenty Non-Bank Rule shall have been violated as a result, in
whole or in part, of such Lender's non-compliance with its obligations under
Section 2.17(h) or Section 10.04(d).

SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Setoffs. (a)
Each Borrower shall make each payment required to be made by it hereunder or
under any other Loan Document (whether of principal, interest, fees or
reimbursement of LC Disbursements, or of amounts payable under Section 2.14,
2.16 or 2.17, or otherwise) prior to 2:00 p.m. (or such other time as may be
expressly provided in this Agreement), Local Time at the place of payment, on
the date when due, in immediately available funds, without setoff or
counterclaim. Any amounts received after such time on any date may be deemed, in
the discretion of the Applicable Agent, to have been received on the next
succeeding Business Day for purposes of calculating interest thereon. Unless and
until otherwise specified, all such payments shall be made to the Applicable
Agent for the account of the applicable Lenders to such account as the
Applicable Agent shall from time to time specify in one or more notices
delivered to the Company, except that (i) payments to be made directly to an
Issuing Bank or the Swingline Lender shall be so directly made, (ii) payments
pursuant to Sections 2.14, 2.16, 2.17 and 10.03 shall be made directly to the
Persons entitled thereto and (iii) payments pursuant to other Loan Documents
shall be made to the Persons specified therein. Each such payment shall be made
in US Dollars, except that the principal of and interest on any Loan or LC
Disbursement denominated in an Alternative Currency shall be made in such
currency. The Administrative Agent shall distribute any such payments received
by it for the account of any other Person to the appropriate recipient promptly
following receipt thereof. If any payment under any Loan Document shall be due
on a day that is not a Business Day, the date for payment shall be extended to
the next succeeding Business Day and, in the case of any payment accruing
interest, interest thereon shall be payable for the period of such extension.

(b) If at any time insufficient funds are received by and available to any Agent
to pay fully all amounts of principal, unreimbursed LC Disbursements, interest
and fees then due hereunder, such funds shall be applied (i) first, towards
payment of interest and fees then due hereunder, ratably among the parties
entitled thereto in accordance with the amounts of interest and fees then due to
such parties and (ii) second, towards payment of principal and unreimbursed LC
Disbursements then due hereunder, ratably among the parties entitled thereto in
accordance with the amounts of principal and unreimbursed LC Disbursements then
due to such parties.

(c) If any Lender shall, by exercising any right of set-off or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of
its Revolving Loans, participations in LC Disbursements or Swingline Loans or
accrued interest on any of the foregoing (collectively “Claims”) under any
Tranche resulting in such Lender receiving payment of a greater proportion of
the aggregate amount of its Claims under such Tranche than the proportion
received by any other Lender with Claims under such Tranche, then the Lender
receiving such greater proportion shall purchase (for cash at face value)
participations in the Claims of the other Lenders under such Tranche to the
extent necessary so that the benefit of all such payments shall be shared by the
Lenders with Claims under such Tranche ratably in accordance with the aggregate
amounts of their respective Claims under such Tranche; provided that (i) if any
such participations are purchased and all or any portion of the payment giving
rise thereto is recovered, such participations shall be rescinded and the
purchase price restored to the extent of such recovery, without interest, unless
the Lender from which such payment is recovered is required to pay interest
thereon, in which case each Lender returning funds to such Lender shall pay its
pro rata share of such interest, and (ii) the provisions of this paragraph shall
not be construed to apply to any payment made by

47

  

any Borrower pursuant to and in accordance with the express terms of this
Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Claims to any assignee or
participant, other than to the Company or any Subsidiary or Affiliate thereof
(as to which the provisions of this paragraph shall apply). Each Borrower
consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the
foregoing arrangements may exercise against the Company and each Borrower rights
of setoff and counterclaim with respect to such participation as fully as if
such Lender were a direct creditor of the Company or such Borrower in the amount
of such participation.

(d) Unless the Applicable Agent shall have received notice from a Borrower prior
to the date on which any payment is due to such Agent for the account of the
Lenders or the Issuing Banks hereunder that such Borrower will not make such
payment, the Applicable Agent may assume that such Borrower has made such
payment on such date in accordance herewith and may, in reliance upon such
assumption, distribute to the Lenders or the Issuing Banks, as the case may be,
the amount due. In such event, if such Borrower has not in fact made such
payment, then each of the Lenders or the Issuing Banks, as the case may be,
severally agrees to repay to the Applicable Agent forthwith on demand the amount
so distributed to such Lender or such Issuing Bank with interest thereon, for
each day from and including the date such amount is distributed to it to but
excluding the date of payment to the Applicable Agent, at the greater of the
Federal Funds Effective Rate and a rate determined by the Applicable Agent in
accordance with banking industry rules on interbank compensation.

(e) If any Lender shall fail to make any payment required to be made by it
pursuant to Section 2.04(c), 2.05(d) or (e), 2.06(b), 2.18(d) or 10.03(c), then
the Administrative Agent may, in its discretion and notwithstanding any contrary
provision hereof, (i) apply any amounts thereafter received by the
Administrative Agent for the account of such Lender for the benefit of the
Administrative Agent, the Swingline Lender or the Issuing Bank to satisfy such
Lender’s obligations to it under such Sections until all such unsatisfied
obligations are fully paid, and/or (ii) hold any such amounts in a segregated
account as cash collateral for, and application to, any future funding
obligations of such Lender under any such Section, in the case of each of
clauses (i) and (ii) above, in any order as determined by the Administrative
Agent in its discretion.

SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.14, or if a Borrower is required to pay
any additional amount to any Lender or any Governmental Authority for the
account of any Lender pursuant to Section 2.17, then such Lender shall use
reasonable efforts to designate a different lending office for funding or
booking its Loans hereunder or to assign its rights and obligations hereunder to
another of its offices, branches or affiliates, if, in the reasonable judgment
of such Lender, such designation or assignment (i) would eliminate or reduce
amounts payable pursuant to Section 2.14 or 2.17, as the case may be, in the
future and (ii) would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender. Such Borrower
hereby agrees to pay all reasonable costs and expenses incurred by such Lender
in connection with any such designation or assignment.

(b) If any Lender requests compensation under Section 2.14, or if a Borrower is
required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.17, or if any
Lender becomes a Defaulting Lender, then such Borrower may, at its sole expense
and effort, upon notice to such Lender and the Administrative Agent, require
such Lender to assign and delegate, without recourse (in accordance with and
subject to the restrictions contained in Section 10.04), all its interests,
rights and obligations under this Agreement to an assignee that shall assume
such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (i) such Borrower shall have received the prior
written consent of the Administrative Agent (and if a Commitment is being
assigned, the Issuing Bank), which consent shall not unreasonably be withheld,
(ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans and participations in LC Disbursements and
Swingline Loans, accrued interest thereon, accrued fees and all other amounts
payable to it hereunder, from the assignee (to the extent of such outstanding
principal and accrued interest and fees) or such Borrower (in the case of all
other

48

  

amounts) and (iii) in the case of any such assignment resulting from a claim for
compensation under Section 2.14 or payments required to be made pursuant to
Section 2.17, such assignment will result in a reduction in such compensation or
payments. A Lender shall not be required to make any such assignment and
delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the applicable Borrower to require such
assignment and delegation cease to apply.

SECTION 2.20. Borrowing Subsidiaries. On or after the Effective Date, the
Company may designate (a) any Domestic Subsidiary, Swiss Subsidiary or Canadian
Subsidiary, or, with the prior written consent of each Global Tranche Lender,
any other Subsidiary, as a Global Tranche Borrower, or (b) any Domestic
Subsidiary as a US Tranche Borrower, in each case by delivery to the
Administrative Agent of a Borrowing Subsidiary Agreement executed by such
Subsidiary and the Company, and upon such delivery such Subsidiary shall for all
purposes of this Agreement be a Global Tranche Borrowing Subsidiary or a US
Tranche Borrowing Subsidiary, as the case may be, and a party to this Agreement;
provided, that the Company shall not designate any Swiss Subsidiary as a Global
Tranche Borrower if the Swiss Twenty Non-Bank Rule would be violated upon the
making of any Loan or other extension of credit hereunder to such Swiss
Subsidiary. Any Borrowing Subsidiary shall continue to be a Global Tranche
Borrowing Subsidiary or a US Tranche Borrowing Subsidiary, as the case may be,
until the Company shall have executed and delivered to the Administrative Agent
a Borrowing Subsidiary Termination with respect to such Subsidiary, whereupon
such Subsidiary shall cease to be a Borrowing Subsidiary and a party to this
Agreement. Notwithstanding the preceding sentence, (a) no Borrowing Subsidiary
Agreement shall become effective as to any Subsidiary if it shall be unlawful
for such Subsidiary to become a Borrower hereunder or for any Lender
participating in a Tranche under which such Subsidiary may borrow to make Loans
or otherwise extend credit to such Subsidiary as provided herein and (b) no
Borrowing Subsidiary Termination will become effective as to any Borrowing
Subsidiary until all Loans made to such Borrowing Subsidiary shall have been
repaid, all Letters of Credit issued for the account of such Borrowing
Subsidiary have been drawn in full or have expired and all amounts payable by
such Borrowing Subsidiary in respect of LC Disbursements, interest and/or fees
(and, to the extent notified by the Administrative Agent or any Lender, any
other amounts payable under this Agreement by such Borrowing Subsidiary other
than solely pursuant to any guarantee by such Borrowing Subsidiary) shall have
been paid in full; provided that such Borrowing Subsidiary Termination shall be
effective to terminate such Borrowing Subsidiary’s right to request or receive
further Borrowings or other extensions of credit under this Agreement. As soon
as practicable upon receipt of a Borrowing Subsidiary Agreement, the
Administrative Agent shall send a copy thereof to each Global Tranche Lender or
US Tranche Lender, as the case may be.

SECTION 2.21. Defaulting Lenders. Notwithstanding any provision of this
Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the
following provisions shall apply for so long as such Lender is a Defaulting
Lender:

(a)                 fees shall cease to accrue on the unfunded portion of the
Commitment of such Defaulting Lender pursuant to Section 2.11(a);

(b)                 the Commitments and Revolving Credit Exposures of such
Defaulting Lender shall not be included in determining whether the Required
Lenders have taken or may take any action hereunder (including any consent to
any amendment, waiver or other modification pursuant to Section 10.02);
provided, that this clause (b) shall not apply to the vote of a Defaulting
Lender in the case of an amendment, waiver or other modification requiring the
consent of each Lender or each Lender affected thereby;

(c)                 if any Swingline Exposure or LC Exposure exists at the time
such Lender becomes a Defaulting Lender then:

(i) all or any part of the Swingline Exposure of such Defaulting Lender shall be
reallocated among the non-Defaulting Lenders in accordance with their respective
Combined Tranche Percentages, but only to the extent that no non-Defaulting
Lender’s Revolving Credit

49

  

Exposure of either Tranche after giving effect to such reallocation would exceed
such non-Defaulting Lender’s Commitment under such Tranche; and all or any part
of the LC Exposure of such Defaulting Lender shall be reallocated among the
non-Defaulting Lenders in accordance with their respective Combined Tranche
Percentages, but only to the extent that no non-Defaulting Lender’s Revolving
Credit Exposure of either Tranche after giving effect to such reallocation would
exceed such non-Defaulting Lender’s Commitment under such Tranche;

(ii) if the reallocations described in clause (i) above cannot, or can only
partially, be effected, the Borrowers shall within one Business Day following
notice by the Administrative Agent (x) prepay such Swingline Exposure and/or (y)
cash collateralize for the benefit of the Issuing Banks only the Borrowers’
obligations corresponding to such Defaulting Lender’s LC Exposure (after giving
effect to any partial reallocation pursuant to clause (i) above) in accordance
with the procedures set forth in Section 2.05(j) for so long as such LC Exposure
is outstanding;

(iii) if the Borrowers cash collateralize any portion of such Defaulting
Lender’s LC Exposure pursuant to clause (ii) above, the Borrowers shall not be
required to pay any fees to such Defaulting Lender pursuant to Section 2.11(b)
with respect to such Defaulting Lender’s LC Exposure during the period such
Defaulting Lender’s LC Exposure is cash collateralized;

(iv) if the LC Exposure of such Defaulting Lender is reallocated pursuant to
clause (i) above, then the fees payable to the Lenders pursuant to Section
2.11(a) and Section 2.11(b) shall be adjusted in accordance with the amounts of
such LC Exposure allocated to the non-Defaulting Lenders; and

(v) if all or any portion of such Defaulting Lender’s LC Exposure is neither
reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then,
without prejudice to any rights or remedies of the Issuing Banks or any other
Lender hereunder, all Letter of Credit fees payable under Section 2.11(b) with
respect to such Defaulting Lender’s LC Exposure shall be payable to the
applicable Issuing Banks until and to the extent that such LC Exposure is
reallocated and/or cash collateralized; and

(d)                 so long as such Lender is a Defaulting Lender, the Swingline
Lender shall not be required to fund any Swingline Loan and no Issuing Bank
shall be required to issue, amend or increase any Letter of Credit, unless it is
satisfied that the related Swingline Exposure and the Defaulting Lender’s then
outstanding LC Exposure will be 100% covered by the Commitments of
non-Defaulting Lenders and/or cash collateral will be provided by the Borrowers
in accordance with Section 2.21(c), and participating interests in any newly
made Swingline Loan or any newly issued or increased Letter of Credit shall be
allocated among non-Defaulting Lenders of the applicable Tranche in a manner
consistent with Section 2.21(c)(i) (and such Defaulting Lender shall not
participate therein).

If (i) a Bankruptcy Event with respect to a Parent of any Lender shall occur
following the date hereof and for so long as such event shall continue or (ii)
the Swingline Lender or an Issuing Bank has a good faith belief that any Lender
has defaulted in fulfilling its obligations under one or more other agreements
in which such Lender commits to extend credit, the Swingline Lender shall not be
required to fund any Swingline Loan and such Issuing Bank shall not be required
to issue, amend or increase any Letter of Credit, unless the Swingline Lender or
such Issuing Bank, as the case may be, shall have entered into arrangements with
the Borrowers or such Lender, reasonably satisfactory to the Swingline Lender or
such Issuing Bank, as the case may be, to defease any risk to it in respect of
such Lender hereunder.

In the event that the Administrative Agent, the Borrower, the Swingline Lender
and each Issuing Bank agree that a Defaulting Lender has adequately remedied all
matters that caused such Lender to be a Defaulting Lender, then the Swingline
Exposure and LC Exposure of the Lenders shall be readjusted to reflect the
inclusion of such Lender’s Commitments and on such date such Lender shall
purchase at par such of the US Tranche Loans (other than Swingline Loans) and/or
Global Tranche Loans (other than Swingline Loans) of the other Lenders as the
Administrative Agent shall determine may be necessary in order for the Lenders
to hold such Loans in accordance with their applicable Tranche Percentages.

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ARTICLE III

Representations and Warranties

The Company represents and warrants to the Lenders as to itself and each
Subsidiary, and each Borrowing Subsidiary represents and warrants to the Lenders
as to itself and its subsidiaries, as follows:

SECTION 3.01. Organization; Powers. The Company and each of the Subsidiaries is
duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization, has all requisite power and authority to carry
on its business as now conducted and except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in
a Material Adverse Effect, is qualified to do business, and is in good standing,
in every jurisdiction where such qualification is required.

SECTION 3.02. Authorization; Enforceability. The Transactions to be entered into
by each Loan Party are within such Loan Party’s corporate powers and have been
duly authorized by all necessary corporate and, if required, stockholder action.
This Agreement has been duly executed and delivered by each Borrower and
constitutes, and each other Loan Document to which any Loan Party is to be a
party, when executed and delivered by such Loan Party, will constitute, a legal,
valid and binding obligation of the Borrowers or such Loan Party, as the case
may be, 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.

SECTION 3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing with or any other
action by any Governmental Authority, or the expiration of any waiting or
similar period imposed by law or by any Governmental Authority, except such as
have been obtained or made and are in full force and effect or have expired, as
the case may be, (b) will not violate any applicable law or regulation or the
charter, by-laws or other organizational documents of the Company or any other
Loan Party or any order of any Governmental Authority, (c) will not violate or
result in a default under any material indenture, agreement or other instrument
binding upon the Company or any Subsidiary or their assets, or give rise to a
right thereunder to require any payment to be made by the Company or any
Subsidiary, and (d) will not result in the creation or imposition of any Lien on
any asset of the Company or any Subsidiary, except any Liens created under the
Loan Documents.

SECTION 3.04. Financial Statements; No Material Adverse Change.
(a) The Company has heretofore furnished to the Lenders its consolidated balance
sheet and statements of income, retained earnings and cash flows as of and for
the fiscal year ended December 31, 2012, reported on by PricewaterhouseCoopers
LLP, independent public accountants. Such financial statements present fairly,
in all material respects, the financial position and results of operations and
cash flows of the Company and its Consolidated Subsidiaries as of such date and
for such period in accordance with GAAP.

(b) There has been no Material Adverse Change since December 31, 2012.

SECTION 3.05. Properties; Liens. (a) The Company and each Subsidiary has good
title to, or valid leasehold interests in, all its real and personal properties
and assets material to its business, except for minor defects in title that do
not interfere with its ability to conduct its business as currently conducted or
to utilize its properties and assets for their intended purposes. All such owned
properties and

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assets, and all such leasehold interests, are free and clear of Liens, other
than Liens expressly permitted under Section 6.02.

(b) The Company and each Subsidiary owns, or is licensed to use, all trademarks,
tradenames, copyrights, patents and other intellectual property material to its
business, and the use thereof by the Company and the Subsidiaries does not
infringe upon the rights of any other Person, except for any such infringements
that, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.

SECTION 3.06. Litigation and Environmental Matters. (a) Except as disclosed on
Schedule 3.06, there are no actions, suits or proceedings by or before any
arbitrator or Governmental Authority pending against or, to the knowledge of the
Company, threatened against or affecting the Company or any of the Subsidiaries
(i) as to which there is a reasonable possibility of an adverse determination
and that, if adversely determined, could reasonably be expected, individually or
in the aggregate, to result in a Material Adverse Effect or (ii) that involve
any of the Loan Documents or the Transactions.

(b) Neither the Company nor any Subsidiary (i) has failed to comply with any
Environmental Law or to obtain, maintain or comply with any permit, license or
other approval required under any Environmental Law, (ii) has become subject to
any Environmental Liability, (iii) has received notice of any claim with respect
to any Environmental Liability or (iv) knows of any basis for any Environmental
Liability, except, in each case, for failures and liabilities that, individually
or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect.

(c) Since the Effective Date, there has been no change in the status of the
Disclosed Matters or Environmental Liabilities that, individually or in the
aggregate, has materially increased the likelihood of a Material Adverse Effect.

SECTION 3.07. Compliance with Laws. The Company and each Subsidiary is in
compliance with all laws, regulations and orders of any Governmental Authority
applicable to it or its property, except where the failure to be in compliance,
individually or in the aggregate, could not reasonably be expected to result in
a Material Adverse Effect.

SECTION 3.08. Investment Company Status. Neither the Company nor any Subsidiary
is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act of 1940.

SECTION 3.09. Taxes. The Company and each Subsidiary has timely filed or caused
to be filed all Tax returns and reports required to have been filed and has paid
or caused to be paid all Taxes required to have been paid by it, except (a) any
Taxes that are being contested in good faith by appropriate proceedings and for
which the Company or such Subsidiary, as applicable, has set aside on its books
adequate reserves or (b) to the extent that the failure to do so could not
reasonably be expected to result in a Material Adverse Effect.

SECTION 3.10. ERISA.

(a) No ERISA Event has occurred or is reasonably expected to occur that, when
taken together with all other ERISA Events for which liability is reasonably
expected to occur, could reasonably be expected to result in a Material Adverse
Effect. The present value of all accumulated benefit obligations of all
underfunded Plans, other than the portion of the underfunding of any Plan
described in Section 4063 of ERISA that is attributable to contributing sponsors
under such Plan that are not under common control with the Company or any
Subsidiary (based on an allocation of such liability consistent with the
procedures set forth in Section 4063(b) of ERISA) (based on the assumptions used
for purposes of FASB ASC Topic 715) did not, as of the date of the most recent
financial statements of the Company

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reflecting such amounts, exceed by more than $50,000,000 the fair market value
of the assets of all such underfunded Plans. The Company and each Subsidiary has
complied in all material respects with all applicable laws and regulations
relating to employee benefit plans.

(b) Except as set forth in Schedule 3.10(b) and except as could not reasonably
be expected to result in a Material Adverse Effect, with respect to each
employee benefit plan, program, or other arrangement providing compensation or
benefits to any employee or former employee of the Company, any of its
Subsidiaries or any Affiliate, which is subject to the laws of any jurisdiction
outside of the United States (the “Foreign Plans”): (i) such Foreign Plan has
been and will be maintained in all respects in accordance with all applicable
requirements and all applicable laws, (ii) if intended to qualify for special
tax treatment, such Foreign Plan meets and will meet all requirements for such
treatment, (iii) if intended or required to be funded and/or book-reserved, such
Foreign Plan is and will be fully funded and/or book-reserved, as appropriate,
based upon reasonable actuarial assumptions, and (iv) no liability exists, shall
exist or reasonably could be imposed, upon the assets of the Company, any of its
Subsidiaries or any Affiliate by reason of such Foreign Plan.

SECTION 3.11. Disclosure. None of the reports, financial statements,
certificates or other written information furnished by or on behalf of any Loan
Party to any Agent or any Lender in connection with the negotiation of this
Agreement or any other Loan Document or delivered hereunder or thereunder (as
modified or supplemented by other information so furnished), taken as a whole,
contains any material misstatement of fact or omits to state any material fact
necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided that, with respect to
projected financial information, the foregoing shall be limited to a
representation and warranty that such information was prepared in good faith,
subject to the express qualifications set forth in such projections, based upon
assumptions believed by the Company to be reasonable at the time.

SECTION 3.12. Subsidiaries. Schedule 3.12 sets forth the name and jurisdiction
of organization of, and the ownership of the Company and each other Subsidiary
in, each Subsidiary, identifying each such Subsidiary that is a Loan Party, in
each case as of the Effective Date.

SECTION 3.13. Solvency. On the Closing Date, (a) the fair value of the assets of
each Loan Party exceeds its debts and liabilities, subordinated, contingent or
otherwise; (b) the present fair saleable value of the property of each Loan
Party is greater than the amount that will be required to pay the probable
liability of its debts and other liabilities, subordinated, contingent or
otherwise, as such debts and other liabilities become absolute and matured;
(c) each Loan Party is able to pay its debts and liabilities, subordinated,
contingent or otherwise, as such debts and liabilities become absolute and
matured; and (d) no Loan Party has unreasonably small capital with which to
conduct the business in which it is engaged as such business is now conducted
and is proposed to be conducted following the Closing Date.

SECTION 3.14. Federal Reserve Regulations. No part of the proceeds of any Loan
or any Letter of Credit will be used, whether directly or indirectly, and
whether immediately, incidentally or ultimately, to purchase or carry Margin
Stock (as defined in Regulation U) (other than shares of the Company’s common
stock, to the extent permitted under Section 6.05), or to refinance Indebtedness
originally incurred for such purpose, or for any purpose that entails a
violation of, or that is inconsistent with, the provisions of the Regulations of
the Board, including Regulation U or X. Not more than 25% of the assets subject
to the restrictions of Sections 6.02 and 6.03 or any other provision hereof
restricting the disposition of, or creation of Liens on, assets of the Company
and the Subsidiaries will at any time consist of Margin Stock (as defined in
Regulations U and X of the Board).

SECTION 3.15. FCPA. No Loan Party (i) is a Sanctioned Person, (ii) has more than
15% of its assets in Sanctioned Entities, or (iii) derives more than 15% of its
operating income from investments in, or transactions with Sanctioned Persons or
Sanctioned Entities. No part of the proceeds of any Loans hereunder will be used
directly or indirectly to fund any operations in, finance any investments or
activities in or make any payments to, a Sanctioned Person or a Sanctioned
Entity or for any payments to any governmental official or employee, political
party, official of a political party, candidate for political

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office, or anyone else acting in an official capacity, in order to obtain,
retain or direct business or obtain any improper advantage, in violation of the
United States Foreign Corrupt Practices Act of 1977, as amended.

SECTION 3.16. OFAC. No Loan Party is an “enemy” or an “ally of the enemy” within
the meaning of Section 2 of the Trading with the Enemy Act of the United States
of America (50 U.S.C. App. §§ 1 et seq.), as amended or any enabling legislation
or executive order relating thereto. No Loan Party is in violation of (a) the
Trading with the Enemy Act, as amended, (b) any of the foreign assets control
regulations of the United States Treasury Department (31 CFR, Subtitle B,
Chapter V, as amended) or any enabling legislation or executive order relating
thereto or (c) the PATRIOT Act. None of the Loan Parties (i) is a blocked person
described in section 1 of the Anti-Terrorism Order or (ii) to the best of its
knowledge, engages in any dealings or transactions, or is otherwise associated,
with any such blocked person.

ARTICLE IV

Conditions

SECTION 4.01. Effective Date. The obligations of the Lenders to make Loans and
of the Issuing Banks to issue Letters of Credit hereunder shall not become
effective until the date on which each of the following conditions is satisfied
(or waived in accordance with Section 10.02):

(a) The Administrative Agent (or its counsel) shall have received, with a
counterpart or copy for each Lender, from each party hereto either (i) a
counterpart of this Agreement signed on behalf of each such party or
(ii) written evidence satisfactory to the Administrative Agent (which may
include telecopy transmission of a signed signature page of this Agreement) that
each such party has signed a counterpart of this Agreement.

(b) The Administrative Agent shall have received such documents and certificates
as the Administrative Agent or its counsel may reasonably request relating to
the organization, existence and good standing of each Loan Party, the
authorization of the Transactions and any other legal matters relating to the
Loan Parties, the Loan Documents or the Transactions, all in form and substance
satisfactory to the Administrative Agent and its counsel.

(c) The Administrative Agent shall have received, with a counterpart or copy for
each Lender, a certificate, dated the Effective Date, of a responsible officer
of the Company confirming as of the Effective Date (i) the accuracy of all
representations and warranties in the Loan Documents and (ii) that there exists
no Default, in each such case after giving effect to the Transactions that are
to occur on the Effective Date.

(d) The Administrative Agent shall have received all fees and other amounts due
and payable on or prior to the Effective Date, including, to the extent
invoiced, reimbursement or payment of all out-of-pocket expenses required to be
reimbursed or paid by any Loan Party hereunder or under any other Loan Document.

(e) The Guarantee Requirement shall be satisfied.

(f) The Administrative Agent shall have received a favorable written opinion
(addressed to the Agents, the Issuing Banks and the Lenders and dated the
Effective Date) of each of (i) Cleary Gottlieb Steen & Hamilton, counsel for the
Loan Parties, substantially in the form of Exhibit G-1, (ii) Charles J. Silva
Jr., General Counsel of the Company, substantially in the form of Exhibit G-2,
(iii) Homburger AG, Swiss counsel for the Loan Parties, substantially in the
form of Exhibit G-3, (iv) Stewart McKelvey, Canadian counsel for the Loan
Parties, substantially in the form of Exhibit G-4, and (iv) such special and
local counsel as may be required by the

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Administrative Agent, in each case covering such matters relating to the Loan
Parties, the Loan Documents or the Transactions as the Administrative Agent
shall reasonably request.

(g) The Commitments under and as defined in the Existing Credit Agreement shall
have been or shall simultaneously be terminated and all amounts outstanding
thereunder shall have been or shall simultaneously be paid in full.

(h) The Administrative Agent shall have received all documentation and other
information related to each Loan Party reasonably required by the Administrative
Agent and each Lender under applicable “know your customer” or similar rules and
regulations, including the USA PATRIOT Act.

SECTION 4.02. Conditions to All Extensions of Credit. The obligation of each
Lender to make a Loan on the occasion of any Borrowing (but not the conversion
or continuation of an outstanding Borrowing or the selection of a new Interest
Period therefor, even if such conversion, continuation or selection results in a
new “Loan” or “Borrowing” ), and the obligation of each Issuing Bank to issue,
amend, renew or extend any Letter of Credit, is subject to the satisfaction of
the following conditions:

(a) The representations and warranties of each Loan Party set forth in the Loan
Documents shall be true and correct on and as of the date of such Borrowing or
the date of issuance, amendment, renewal or extension of such Letter of Credit,
as applicable.

(b) At the time of and immediately after giving effect to such Borrowing or the
issuance, amendment, renewal or extension of such Letter of Credit, as
applicable, no Default shall have occurred and be continuing.

The making of Loans on the occasion of each Borrowing and each issuance,
amendment, renewal or extension of a Letter of Credit shall be deemed to
constitute a representation and warranty by the Company and each Borrowing
Subsidiary on the date thereof as to the matters specified in paragraphs (a) and
(b) of this Section.

SECTION 4.03. Initial Credit Event for each Borrowing Subsidiary. The obligation
of each Lender and Issuing Bank to make Loans or issue Letters of Credit for the
account of any Borrowing Subsidiary designated pursuant to Section 2.20 is
subject to the satisfaction of the following conditions:

(a) The Administrative Agent (or its counsel) shall have received such Borrowing
Subsidiary’s Borrowing Subsidiary Agreement, duly executed by all parties
thereto.

(b) The Administrative Agent shall have received a favorable written opinion of
counsel for such Borrowing Subsidiary covering such matters relating to such
Borrowing Subsidiary or its Borrowing Subsidiary Agreement, and to any related
Obligations of Foreign Subsidiaries as Guarantors, as the Administrative Agent
shall reasonably request.

(c) The Administrative Agent shall have received (i) all documentation and other
information related to such Borrowing Subsidiary reasonably required by the
Administrative Agent and each Lender under applicable “know your customer” or
similar rules and regulations, including the USA PATRIOT Act, and (ii) such
documents and certificates as the Administrative Agent or its counsel may
reasonably request relating to the organization, existence and good standing of
such Borrowing Subsidiary, the authorization of the Transactions insofar as they
relate to such Borrowing Subsidiary and any other legal matters relating to such
Borrowing Subsidiary, its Borrowing Subsidiary Agreement or such Transactions,
all in form and substance satisfactory to the Administrative Agent and its
counsel.

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ARTICLE V

Affirmative Covenants

Until the Commitments shall have expired or shall have been terminated and the
principal of and interest on each Loan and all fees payable hereunder shall have
been paid in full and all Letters of Credit shall have expired or shall have
been terminated and all LC Disbursements shall have been reimbursed, the Company
and each Borrowing Subsidiary covenants and agrees with the Lenders (but, in the
case of each Borrowing Subsidiary, only as to such Borrowing Subsidiary and its
subsidiaries) that:

SECTION 5.01. Financial Statements and Other Information. The Company will
furnish to the Administrative Agent, with copies for each Lender:

(a) no later than the earlier of (i) 10 days after the date that the Company is
required to file a report on Form 10-K with the Securities and Exchange
Commission in compliance with the reporting requirements of Section 13 or 15(d)
of the Securities Exchange Act of 1934, as amended (whether or not the Company
is so subject to such reporting requirements), and (ii) 90 days after the end of
each fiscal year of the Company, its audited consolidated balance sheet and
related statements of income, retained earnings and cash flows as of the end of
and for such year, setting forth in each case in comparative form the figures
for the previous fiscal year, all reported on by PricewaterhouseCoopers LLP or
other independent public accountants of recognized national standing (without a
“going concern” or like qualification or exception and without any qualification
or exception as to the scope of such audit) to the effect that such consolidated
financial statements present fairly in all material respects the financial
condition and results of operations of the Company and its Consolidated
Subsidiaries on a consolidated basis in accordance with GAAP;

(b) no later than the earlier of (i) 10 days after the date that the Company is
required to file a report on Form 10-Q with the Securities and Exchange
Commission in compliance with the reporting requirements of Section 13 or 15(d)
of the Securities Exchange Act of 1934, as amended (whether or not the Company
is so subject to such reporting requirements), and (ii) 45 days after the end of
each of the first three fiscal quarters of each fiscal year of the Company, its
consolidated balance sheet and related statements of income, retained earnings
and cash flows as of the end of and for such fiscal quarter and the then elapsed
portion of the fiscal year, setting forth in each case in comparative form the
figures for the corresponding period or periods of (or, in the case of the
balance sheet, as of the end of) the previous fiscal year, all certified by one
of its Financial Officers as presenting fairly in all material respects the
financial condition and results of operations of the Company and its
Consolidated Subsidiaries on a consolidated basis in accordance with GAAP,
subject to normal year-end audit adjustments and the absence of footnotes;

(c) by each date by which the Company is required to deliver financial
statements under clause (a) or (b) above, a certificate of a Financial Officer
of the Company (i) certifying as to whether a Default has occurred and, if a
Default has occurred, specifying the details thereof and any action taken or
proposed to be taken with respect thereto, (ii) setting forth reasonably
detailed calculations demonstrating compliance with Sections 6.08 and 6.09 and
(iii) stating whether any change in GAAP or in the application thereof has
occurred since the date of the Company’s audited financial statements referred
to in Section 3.04 and, if any such change has occurred, specifying the effect
of such change on the financial statements accompanying such certificate;

(d) by each date by which the Company is required to deliver financial
statements under clause (a) above, a certificate of the accounting firm that
reported on such financial statements stating whether they obtained knowledge
during the course of their examination of such financial statements of any
Default (which certificate may be limited to the extent required by accounting
rules or guidelines);

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(e) not later than the last day of the second month of each fiscal year of the
Company, a detailed consolidated budget for such fiscal year (including a
projected consolidated balance sheet and related statements of projected
operations and cash flow as of the end of and for such fiscal year), consistent
in form and substance with the budgets heretofore prepared by the Company and
furnished to the Administrative Agent and, promptly when available, any
significant revisions to such budget;

(f) promptly after the same become publicly available, copies of all periodic
and other reports, proxy statements and other materials filed by the Company or
any Subsidiary with the Securities and Exchange Commission, or any Governmental
Authority succeeding to any or all of the functions of said Commission, or with
any national securities exchange, or distributed by the Company to its
shareholders generally, as the case may be; and

(g) promptly following any request therefor, such other information regarding
the operations, business affairs and financial condition of the Company or any
Subsidiary, or compliance with the terms of any Loan Document, as the
Administrative Agent or any Lender may reasonably request.

Financial statements required to be delivered pursuant to paragraph (a) or (b)
of this Section shall be deemed to have been delivered if (i) such financial
statements, or one or more annual or quarterly reports containing such financial
statements, shall have been filed with the Securities and Exchange Commission
and shall be available on the website of the SEC at http://www.sec.gov and (ii)
the Company shall have notified the Administrative Agent of such filing.

SECTION 5.02. Notices of Material Events. If, to the knowledge of any Financial
Officer or other executive officer of the Company, any of the following events
has occurred:

(a) any Default;

(b) the filing or commencement of any action, suit or proceeding by or before
any arbitrator or Governmental Authority against or affecting the Company or any
Affiliate thereof that, if adversely determined, could reasonably be expected to
result in a Material Adverse Effect;

(c) any ERISA Event that, alone or together with any other ERISA Events that
have occurred, could reasonably be expected to result in liability of the
Company or its Subsidiaries in an aggregate amount exceeding US$20,000,000; or

(d) any other development that results in, or could reasonably be expected to
result in, a Material Adverse Effect;

then the Company will furnish to the Administrative Agent and each Lender prompt
written notice of such occurrence. Each notice delivered under this Section
shall be accompanied by a statement of a Financial Officer or other executive
officer of the Company setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect
thereto.

SECTION 5.03. Existence; Conduct of Business. The Company will, and will cause
each of the Subsidiaries to, do or cause to be done all things necessary to
preserve, renew and keep in full force and effect its legal existence and the
rights, licenses, permits, privileges, franchises, patents, copyrights,
trademarks and tradenames material to the conduct of the business of the Company
and the Subsidiaries, taken as a whole; provided that the foregoing shall not
prohibit any merger, consolidation, liquidation, dissolution or other
transaction permitted under Section 6.03.

SECTION 5.04. Payment of Obligations. The Company will, and will cause each of
the Subsidiaries to, pay its Indebtedness and other obligations, including Tax
liabilities, before the same shall become delinquent or in default, except where
(a) the validity or amount thereof is being contested in

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good faith by appropriate proceedings and the Company or such Subsidiary has set
aside on its books adequate reserves with respect thereto in accordance with
GAAP or (b) failure to pay could not reasonably be expected to result in a
Material Adverse Effect.

SECTION 5.05. Maintenance of Properties. The Company will, and will cause each
of the Subsidiaries to, keep and maintain all property material to the conduct
of its business in good working order and condition, ordinary wear and tear
excepted; except for such cases of non-compliance that, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

SECTION 5.06. Insurance. The Company will, and will cause each of the
Subsidiaries to, maintain, with financially sound and reputable insurance
companies, insurance against such risks (and with such risk retentions) as shall
be customary for companies of established reputation engaged in the same or
similar businesses, and will furnish, and cause each of the Subsidiaries to
furnish, to the Lenders, at the request of the Administrative Agent, information
in reasonable detail as to the insurance carried by it.

SECTION 5.07. Books and Records; Inspection Rights. The Company will, and will
cause each of the Subsidiaries to, keep proper books of record and account in
which full, true and correct entries are made of all dealings and transactions
in relation to its business and activities. The Company will, and will cause
each of the Subsidiaries to, permit any representatives designated by the
Administrative Agent or any Lender, upon reasonable prior notice, to visit and
inspect its properties, to examine and make extracts from its books and records,
and to discuss its affairs, finances and condition with its officers and
independent accountants, all at such reasonable times and as often as reasonably
requested; provided that nothing in this Section shall require any Loan Party to
disclose any confidential or proprietary information constituting trade secrets.

SECTION 5.08. Compliance with Laws. The Company will, and will cause each of the
Subsidiaries to, comply with all laws, rules, regulations and orders of any
Governmental Authority (including Environmental Laws and ERISA and the rules and
regulations thereunder) applicable to it, its operations or its property, except
where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect.

SECTION 5.09. Use of Proceeds and Letters of Credit. Each Borrower will use the
proceeds of the Loans and the Letters of Credit only for the purposes set forth
in the preamble to this Agreement.

SECTION 5.10. Further Assurances. The Company will, and will cause each of the
Subsidiaries to, execute any and all further documents, agreements and
instruments, and take all further action that may be required under applicable
law, or that the Required Lenders or the Administrative Agent may reasonably
request, in order that the Guarantee Requirement shall be satisfied at all
times.

SECTION 5.11. Compliance with Swiss Withholding Tax Rules. Each Swiss Borrowing
Subsidiary shall ensure that while it is a Borrower it shall comply with the
Swiss Withholding Tax Rules; provided that the Swiss Borrowing Subsidiary shall
not be in breach of this covenant if its number of creditors in respect of
either the Swiss Ten Non-Bank Rule or the Swiss Twenty-Non Bank Rule is exceeded
solely by reason of a failure by one or more Lenders to comply with their
obligations under Clause 2.17(h) or 10.04(d). For purposes of compliance with
the Swiss Withholding Tax Rules, each Swiss Borrowing Subsidiary shall assume
for the purposes of determining the total number of creditors which are
Non-Qualifying Banks that at all times there are ten Lenders that are
Non-Qualifying Banks.

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ARTICLE VI

Negative Covenants

Until the Commitments shall have expired or shall have been terminated and the
principal of and interest on each Loan and all fees payable hereunder have been
paid in full and all Letters of Credit shall have expired or shall have been
terminated and all LC Disbursements shall have been reimbursed, the Company and
each Borrowing Subsidiary covenants and agrees with the Lenders (but, in the
case of each Borrowing Subsidiary, only as to such Borrowing Subsidiary and its
subsidiaries) that:

SECTION 6.01. Subsidiary Debt. The sum of (a) the total Indebtedness of all
Consolidated Subsidiaries (excluding (i) Indebtedness under this Agreement,
(ii) Indebtedness existing on the date hereof and set forth on Schedule 6.01,
(iii) Indebtedness owed to the Company or to a Subsidiary, (iv) reimbursement
obligations in respect of undrawn letters of credit incurred in the ordinary
course of business, (v) Indebtedness of any Subsidiary Guarantor, and (vi) the
Indebtedness of Chinese Subsidiaries in an aggregate principal amount not to
exceed the equivalent of $25,000,000) plus (b) the consideration (other than any
note of a Subsidiary that serves as a conduit in a sale or financing transaction
with respect to Receivables) directly or indirectly received by any Consolidated
Subsidiary from any Person (other than the Company or a Subsidiary) for
Receivables sold, which Receivables remain uncollected at such time (other than
delinquent Receivables sold for collection in the ordinary course of business
and not as part of a financing transaction), will at no time exceed
$100,000,000.

SECTION 6.02. Negative Pledge. Neither the Company nor any Consolidated
Subsidiary will create, incur, assume or suffer to exist any Lien on any asset
now owned or hereafter acquired by it, except:

(a) any Lien created under the Loan Documents;

(b) Liens existing on the date hereof securing Indebtedness outstanding on the
date hereof and set forth on Schedule 6.02;

(c) any Lien on any asset securing Indebtedness (including Capital Lease
Obligations) incurred or assumed for the purpose of financing all or any part of
the cost of acquiring such asset; provided that such Lien attaches to such asset
concurrently with or within 180 days after the acquisition thereof, and, in
addition, (i) any other Lien deemed to exist under a Capital Lease Obligation
permitted under Sections 6.01 and 6.06 and (ii) any other Lien deemed to exist
under a capital lease that does not constitute a Capital Lease Obligation;

(d) any Lien existing on any asset of any corporation at the time such
corporation becomes a Consolidated Subsidiary, provided that (i) such Lien is
not created in contemplation of or in connection with such corporation becoming
a Consolidated Subsidiary, (ii) such Lien shall not apply to any other property
or assets of the Company or any Subsidiary and (iii) such Lien shall secure only
those obligations which it secures on the date such corporation becomes a
Consolidated Subsidiary and extensions, renewals and replacements thereof that
do not increase the outstanding principal amount thereof;

(e) any Lien on any asset of any corporation existing at the time such
corporation is merged or consolidated with or into the Company or any
Consolidated Subsidiary and not created in contemplation of such event; provided
that such Lien shall not extend to other properties or assets of the Company or
any Subsidiary and shall secure only those obligations which it secures on the
date of such merger or consolidation and extensions, renewals and replacements
thereof that do not increase the outstanding principal amount thereof;

(f) any Lien existing on any asset prior to the acquisition thereof by the
Company or any Consolidated Subsidiary and not created in contemplation of such
acquisition;

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(g) any Lien arising out of the refinancing, extension, renewal or refunding of
any Indebtedness secured by any Lien permitted by any of the foregoing clauses
of this Section; provided that such Indebtedness is not increased and is not
secured by any additional assets;

(h) Liens for taxes that are not yet subject to penalties for non-payment or are
being contested in good faith, or minor survey exceptions or minor encumbrances,
easements or other rights of others with respect to, or zoning or other
governmental restrictions as to the use of, real property that do not, in the
aggregate, materially impair the use of such property in the operation of the
businesses of the Company and the Subsidiaries;

(i) (x) Liens arising out of judgments or awards against the Company or any
Subsidiary with respect to which the Company or such Subsidiary is, in good
faith, prosecuting an appeal or proceedings for review and (y) Liens incurred by
the Company or any Subsidiary for the purpose of obtaining a stay or discharge
in any legal proceeding to which the Company or any Subsidiary is a party;
provided that the Liens permitted by the foregoing clause (y) shall not secure
obligations in an aggregate principal amount outstanding in excess of 5% of
Consolidated Tangible Net Worth;

(j) (x) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s,
landlords’ or other like Liens arising in the ordinary course of business for
sums which are not overdue for a period of more than 60 days or which are being
contested in good faith by appropriate proceedings, (y) pledges or deposits in
connection with workers’ compensation, unemployment insurance and other social
security legislation and deposits securing liability to insurance carriers under
insurance or self-insurance arrangements, and (z) deposits to secure the
performance of bids, trade contracts (other than for Indebtedness), leases
(other than Capital Lease Obligations), statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature incurred in the
ordinary course of business;

(k) Liens that may be deemed to be created by the subordination in right of
payment of any obligations owed to the Borrower or any Subsidiary to other
obligations of the Borrower or such Subsidiary, as the case may be;

(l) any Lien arising out of a Permitted AEC Transaction; provided, however, that
such Lien does not extend to any property other than the property that is the
subject of such Permitted AEC Transaction; and

(m) Liens not otherwise permitted by the foregoing clauses of this Section
securing Indebtedness in an aggregate principal amount outstanding not to exceed
5% of Consolidated Tangible Net Worth.

SECTION 6.03. Consolidations, Mergers and Sales of Assets. The Company will not,
and will not permit any of the Subsidiaries to, consolidate or merge with, or
sell, lease or otherwise dispose of any of its assets to, or, in the case of a
Subsidiary, issue or sell any Equity Interests in such Subsidiary to, any Person
(other than the Company or a Subsidiary), except that, so long as no Default
would result under any other provision of this Agreement:

(a) any Person may merge with and into the Company or any Subsidiary Guarantor;
provided that the Company or such Subsidiary Guarantor, as the case may be, is
the surviving Person;

(b) any Person other than the Company or a Subsidiary Guarantor may merge with
and into any Subsidiary that is not a Subsidiary Guarantor; provided that such
Subsidiary is the surviving Person;

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(c) subject to Section 6.07, the Company or any Subsidiary may sell, lease or
otherwise dispose of any of its assets to the Company or any other Subsidiary;

(d) the Company or any Subsidiary may sell, lease or otherwise dispose of any of
its inventory in the ordinary course of business and any of its assets which are
obsolete, excess or unserviceable;

(e) any Foreign Subsidiary may sell Receivables in one or more transactions in
the ordinary course of business and consistent with past practice, the proceeds
of which transactions are used for working capital;

(f) the Company and the Subsidiaries may carry out sale and leaseback
transactions permitted under Section 6.06 and may make investments permitted
under Section 6.07;

(g) the Company and the Subsidiaries may carry out a Permitted AEC Transaction;

(h) in addition to the foregoing, the Company or any Subsidiary may sell or
otherwise dispose of Equity Interests in any Subsidiary, and any Subsidiary may
issue and sell its Equity Interests, to one or more Persons other than the
Company and the Subsidiaries if (i) the applicable Subsidiary remains a
Subsidiary after giving effect to such transaction and (ii) after giving effect
to such transaction, the aggregate amount of minority equity interests in
Subsidiaries (excluding any such interests sold in a Permitted AEC Transaction)
does not exceed 7.5% of Consolidated Tangible Net Worth; and

(i) in addition to the foregoing, the Company or any Subsidiary may sell, lease
or otherwise dispose of any of its assets for fair value (other than as
permitted by clauses (a) through (h) above); provided that (i) no such
transaction, when taken together with all previous such transactions, shall
result in all or substantially all of the assets of the Company and the
Subsidiaries having been sold or otherwise disposed of, (ii) no such transaction
shall result in a reduction in the percentage of the Equity Interests of any
Subsidiary owned directly or indirectly by the Company unless all the Equity
Interests in such Subsidiary owned directly or indirectly by the Company are
disposed of and (iii) except in the case of an Excluded Divestiture or a sale of
Receivables not prohibited under Section 6.01, the Commitments shall be reduced
pursuant to Section 2.08(b) by an amount at least equal to the Pro Rata Proceeds
of each such transaction; provided that if the Company shall deliver to the
Administrative Agent a certificate of a Financial Officer to the effect that the
Company and the Subsidiaries intend to apply the Net Proceeds from such
disposition (or a portion thereof specified in such certificate), within 180
days after receipt of such Net Proceeds, to acquire real property, equipment or
other assets to be used in the business of the Company and the Subsidiaries, and
certifying that no Default has occurred and is continuing, then no reduction of
the Commitments shall be required pursuant to this clause (iii) in respect of
the Net Proceeds of such disposition (or the portion of such Net Proceeds
specified in such certificate, if applicable) except to the extent of any Net
Proceeds therefrom that have not been so applied by the end of such 180-day
period, at which time a reduction of the Commitments shall be required in an
amount equal to 75% of such Net Proceeds not so applied multiplied by the
fraction indicated in clause (b) of the definition of “Pro Rata Proceeds”
(calculated as of the date of the disposition giving rise to such Net Proceeds).

SECTION 6.04. Transactions with Affiliates. The Company will not, and will not
permit any of the Subsidiaries to, directly or indirectly, pay any funds to or
for the account of, make any investment in or engage in any transaction with any
Affiliate (other than the Company or a Subsidiary none of the Equity Interests
in which are owned directly or indirectly by an Affiliate of the Company that is
not a Subsidiary), except that:

(a) the Company may declare and pay any dividend permitted by Section 6.05;

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(b) the Company or any Subsidiary may make payments or provide compensation, and
reimburse related expenses, for services rendered by (i) any Affiliate who is an
officer, director or employee of the Company or any Subsidiary and
(ii) J. Spencer Standish;

(c) the Company or any Subsidiary may make any investment permitted by
Section 6.07; provided that any such transaction with an Affiliate referred to
in clause (f) or (k) of Section 6.07 is on terms and conditions at least as
favorable to the Company or such Subsidiary as the terms and conditions that
would apply in an arm’s length transaction with a Person not an Affiliate;

(d) the Company or any Subsidiary (i) may make sales to or purchases from any
Affiliate and, in connection therewith, extend credit, may make payments or
provide compensation for services rendered by any Affiliate, and may engage in
any other transaction with any Affiliate, in each case in the ordinary course of
business and consistent with past practice or, in the case of any AEC Joint
Venture Entity, on arms’ length terms, and (ii) may repurchase common stock of
the Company from any Affiliate; provided that any such transaction with an
Affiliate pursuant to clause (i) or (ii) is on terms and conditions at least as
favorable to the Company or such Subsidiary as the terms and conditions that
would apply (1) in an arm’s length transaction with a Person not an Affiliate or
(2) in the case of a transaction relating to pension, deferred compensation,
insurance or other benefit plans with an Affiliate employee, in a similar
transaction with a non-Affiliate employee; and

(e) the Company or any Subsidiary may engage in transactions with the entities
listed on Schedule 6.04 to the extent consistent with past practice.

SECTION 6.05. Restricted Payments. The Company will not declare or make any
Restricted Payment unless, immediately after giving effect to such Restricted
Payment, (a) the Leverage Ratio does not exceed 3.50 to 1.00 and (b) no Default
shall have occurred and be continuing.

SECTION 6.06. Limitations on Sale-Leasebacks. The Company will not, and will not
permit any of the Subsidiaries to, enter into any arrangement, directly or
indirectly, with any Person whereby the Company or such Subsidiary shall sell or
transfer property, whether now owned or hereafter acquired, and then or
thereafter rent or lease as lessee such property or any part thereof or any
other property which the Company or any Subsidiary intends to use for
substantially the same purpose or purposes as the property being sold or
transferred, unless (a) such transaction is effected within 180 days of the
property being placed in service by the Company or such Subsidiary and results
in a lease obligation incurred or assumed for the purpose of financing all or
any part of the cost of acquiring such property, (b) after giving effect to such
transaction, the aggregate fair market value of all property of the Company and
its Subsidiaries so sold or transferred after the date hereof, and not permitted
under clause (a) above or clause (c) below, does not exceed $75,000,000 or
(c) the Commitments shall be reduced pursuant to Section 2.08(b) by an amount at
least equal to the Pro Rata Proceeds of such transaction; provided that if the
Company shall deliver to the Administrative Agent a certificate of a Financial
Officer to the effect that the Company and the Subsidiaries intend to apply the
Net Proceeds from such transaction (or a portion thereof specified in such
certificate), within 180 days after receipt of such Net Proceeds, to acquire
real property, equipment or other assets to be used in the business of the
Company and the Subsidiaries, and certifying that no Default has occurred and is
continuing, then no reduction of the Commitments shall be required pursuant to
this clause (c) in respect of the Net Proceeds of such transaction (or the
portion of such Net Proceeds specified in such certificate, if applicable)
except to the extent of any Net Proceeds therefrom that have not been so applied
by the end of such 180-day period, at which time a reduction of the Commitments
shall be required in an amount equal to 75% of such Net Proceeds not so applied
multiplied by the fraction indicated in clause (b) of the definition of “Pro
Rata Proceeds” (calculated as of the date of the transaction giving rise to such
Net Proceeds).

SECTION 6.07. Investments, Loans, Advances, Guarantees and Acquisitions. The
Company will not, and will not permit any of the Subsidiaries to, purchase, hold
or acquire (including pursuant to any merger with any Person that was not a
Subsidiary prior to such merger) any Equity

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Interests, evidences of Indebtedness or other securities (other than any Hedging
Agreement entered into in the ordinary course of business) of, make or permit to
exist any loans or advances (excluding accounts receivable arising out of the
sale of goods and services reflected on the Company’s consolidated balance sheet
as current assets) to, Guarantee any obligations of, or make or permit to exist
any investment or any other interest in, any other Person, or purchase or
otherwise acquire (in one transaction or a series of transactions) any assets of
any other Person constituting a business unit, except:

(a) Permitted Investments;

(b) (i) investments existing on the date hereof in the capital stock of
Subsidiaries or in Indebtedness of Subsidiaries and (ii) other investments
existing on the date hereof and set forth on Schedule 6.07;

(c) acquisitions of assets of or Equity Interests in other Persons for
consideration consisting solely of common stock of the Company;

(d) acquisitions of assets of or Equity Interests in other Persons that are not
Affiliates of the Company, and loans or advances to Subsidiaries to provide
funds required to effect such acquisitions, if, at the time of and after giving
pro forma effect to each such acquisition and any related incurrences of
Indebtedness, (i) the Leverage Ratio does not exceed 3.50 to 1.00 and (ii) no
Default shall have occurred and be continuing;

(e) (i) any investment, loan or advance by a Loan Party in or to another Loan
Party; (ii) any investment, loan or advance by a Subsidiary that is not a Loan
Party, or that is a Borrower that is a Foreign Subsidiary, in or to a Loan
Party; (iii) any investment, loan or advance by any Subsidiary that is not a
Loan Party, or that is a Borrower that is a Foreign Subsidiary, in or to any
other Subsidiary that is not a Loan Party; (iv) any other investment, loan or
advance by any Loan Party to any Subsidiary that is not a Loan Party, provided
that each investment, loan or advance referred to in this clause (iv) must be in
an outstanding principal amount that, together with the aggregate outstanding
principal amount of all other investments, loans and advances permitted by this
clause (iv), but net of all amounts paid by such non-Loan Party Subsidiaries in
or to one or more Loan Parties after the Closing Date that constitute repayments
of loans or advances made by such Loan Parties or returns of capital (as opposed
to returns on capital) invested by such Loan Parties, shall not exceed
$100,000,000; and (v) in addition to investments, loans and advances permitted
under the preceding clauses (i) through (iv), (A) any Permitted AEC Transaction
and (B) any investment, loan or advance by any Loan Party (whether directly or
indirectly through one or more intervening Subsidiaries that are not Loan
Parties) in or to an AEC Joint Venture Entity, provided that each investment,
loan or advance referred to in this clause (v)(B) must be in an outstanding
principal amount that, together with the aggregate outstanding principal amount
of all other investments, loans and advances permitted by such clause (v)(B),
but net of all amounts paid by such AEC Joint Venture Entity to one or more Loan
Parties that constitute repayments of loans or advances made by such Loan
Parties or returns of capital (as opposed to returns on capital) invested by
such Loan Parties, shall not exceed $100,000,000;

(f) Guarantees by a Subsidiary constituting Indebtedness permitted by
Section 6.01 (provided that a Subsidiary shall not Guarantee any obligation of
the Company unless such Subsidiary also has Guaranteed the Obligations of the
Company hereunder) and Guarantees by the Company of Indebtedness of a Subsidiary
permitted by Section 6.01;

(g) Guarantees by the Company of obligations of AIH to Bank of America, N.A.,
under the Limited Guaranty and Indemnity Agreements dated as of October 1, 2010
(as amended from time to time) between the Company and Bank of America, N.A., in
respect of overdrafts or currency hedging transactions in an aggregate amount
not to exceed US$20,000,000 at any time;

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(h) investments received in connection with the bankruptcy or reorganization of,
or settlement of delinquent accounts and disputes with, customers and suppliers,
in each case in the ordinary course of business;

(i) loans or other advances to employees consistent with past practice; and

(j) other investments not permitted under clauses (a) through (i) above in an
aggregate amount not exceeding $75,000,000 at any time.

SECTION 6.08. Leverage Ratio. The Company will not permit the Leverage Ratio on
any date to exceed 3.50 to 1.00.

SECTION 6.09. Interest Coverage Ratio. The Company will not permit the ratio of
(i) Consolidated EBITDA for any period of four consecutive fiscal quarters to
(ii) Consolidated Interest Expense during such four fiscal quarter period to be
less than 3.00 to 1.00.

SECTION 6.10. Lines of Business. The Company will not, and will not permit any
of the Subsidiaries to, engage at any time in any business or business activity
other than a business conducted by the Company and its Subsidiaries on the date
hereof and business activities reasonably related thereto.

ARTICLE VII

Events of Default

SECTION 7.01. Events of Default. If any of the following events (“Events of
Default”) shall occur:

(a) any Borrower shall fail to pay any principal of any Loan or any
reimbursement obligation in respect of any LC Disbursement when and as the same
shall become due and payable, whether at the due date thereof or at a date fixed
for prepayment thereof or otherwise;

(b) any Borrower shall fail to pay any interest on any Loan or any fee or any
other amount (other than an amount referred to in clause (a) of this Article)
payable under this Agreement or any other Loan Document, when and as the same
shall become due and payable, and such failure shall continue unremedied for a
period of five days;

(c) any representation or warranty made or deemed made by or on behalf of the
Company or any Subsidiary in or in connection with any Loan Document or any
amendment or modification thereof or waiver thereunder, or in any report,
certificate, financial statement or other document furnished pursuant to or in
connection with any Loan Document or any amendment or modification thereof or
waiver thereunder, shall prove to have been incorrect in any material respect
when made or deemed made;

(d) the Company or any Subsidiary shall fail to observe or perform any covenant,
condition or agreement contained in Section 5.02, 5.03 (with respect to the
existence of any Borrower) or 5.09 or in Article VI;

(e) any Loan Party shall fail to observe or perform any covenant, condition or
agreement contained in any Loan Document (other than those specified in
clause (a), (b) or (d) of this Article), and such failure shall continue
unremedied for a period of 30 days after notice thereof from the Administrative
Agent to the Company (which notice will be given at the request of any Lender);

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(f) the Company or any Subsidiary shall fail to make any payment (whether of
principal or interest and regardless of amount) in respect of any Material
Indebtedness, when and as the same shall become due and payable;

(g) any event or condition occurs that results in any Material Indebtedness
becoming due prior to its scheduled maturity or that enables or permits (with or
without the giving of notice, the lapse of time or both) the holder or holders
of any Material Indebtedness or any trustee or agent on its or their behalf to
cause any Material Indebtedness to become due, or to require the prepayment,
repurchase, redemption or defeasance thereof, prior to its scheduled maturity;
provided that this clause (g) shall not apply to (i) secured Indebtedness that
becomes due as a result of the voluntary sale or transfer of the property or
assets securing such Indebtedness and (ii) Indebtedness of any of the Company’s
Chinese subsidiaries held by Chinese banks that is subject to customary demand
or acceleration rights so long as any such debt subject to an actual demand for
payment or acceleration is fully refinanced or repaid within 30 days following
the date on which the principal of such Indebtedness becomes due as a result of
such demand or acceleration;

(h) an involuntary proceeding shall be commenced or an involuntary petition
shall be filed seeking (i) liquidation, reorganization or other relief in
respect of the Company or any Material Subsidiary or its debts, or of a
substantial part of its assets, under any Federal, state or foreign bankruptcy,
insolvency, receivership or similar law now or hereafter in effect or (ii) the
appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar official for the Company or any Material Subsidiary or for a substantial
part of its assets, and, in any such case, such proceeding or petition shall
continue undismissed for 60 days or an order or decree approving or ordering any
of the foregoing shall be entered;

(i) the Company or any Material Subsidiary shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, reorganization or other
relief under any Federal, state or foreign bankruptcy, insolvency, receivership
or similar law now or hereafter in effect, (ii) consent to the institution of,
or fail to contest in a timely and appropriate manner, any proceeding or
petition described in clause (h) of this Article, (iii) apply for or consent to
the appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar official for the Company or any Material Subsidiary or for a substantial
part of its assets, (iv) file an answer admitting the material allegations of a
petition filed against it in any such proceeding, (v) make a general assignment
for the benefit of creditors or (vi) take any action for the purpose of
effecting any of the foregoing;

(j) the Company or any Material Subsidiary shall become unable, admit in writing
its inability or fail generally to pay its debts as they become due;

(k) one or more judgments for the payment of money in an aggregate amount in
excess of $20,000,000 shall be rendered against the Company, any Subsidiary or
any combination thereof and the same shall remain undischarged for a period of
30 consecutive days during which execution shall not be effectively stayed, or
any action shall be legally taken by a judgment creditor to attach or levy upon
any assets of the Company or any Subsidiary to enforce any such judgment;

(l) an ERISA Event shall have occurred that, in the reasonable opinion of the
Required Lenders, when taken together with all other unsatisfied liabilities in
connection with ERISA Events that have occurred, could reasonably be expected to
result in liability of the Company and the Subsidiaries in an aggregate amount
exceeding (i) $20,000,000 in any year or (ii) $35,000,000 in the aggregate;

(m) any guarantee of any Guarantor hereunder or under the Subsidiary Guarantee
Agreement shall cease to be, or shall be asserted by any Loan Party not to be, a
legal, valid and binding obligation of such Guarantor; or

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(n) a Change in Control shall occur;

then, and in every such event (other than an event with respect to the Company
described in clause (h) or (i) of this Article), and at any time thereafter
during the continuance of such event, the Administrative Agent may, and at the
request of the Required Lenders shall, by notice to the Company and any other
Borrower, take either or both of the following actions, at the same or different
times: (i) terminate the Commitments, and thereupon the Commitments shall
terminate immediately, and (ii) declare the Loans then outstanding to be due and
payable in whole (or in part, in which case any principal not so declared to be
due and payable may thereafter be declared to be due and payable), and thereupon
the principal of the Loans so declared to be due and payable, together with
accrued interest thereon and all fees and other obligations of the Borrowers
accrued hereunder, shall become due and payable immediately, without
presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrowers; and in case of any event with respect to the
Company described in clause (h) or (i) of this Article, the Commitments shall
automatically terminate and the principal of the Loans then outstanding,
together with accrued interest thereon and all fees and other obligations of the
Borrowers accrued hereunder, shall automatically become due and payable, without
presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrowers.

ARTICLE VIII

The Agents

In order to expedite the transactions contemplated by this Agreement, JPMCB is
hereby appointed to act as Administrative Agent, JPM Toronto is hereby appointed
to act as Canadian Agent and JPMEL is hereby appointed to act as London Agent,
on behalf of the Lenders and each Issuing Bank. Each of the Lenders, each
assignee of any such Lender and each Issuing Bank hereby irrevocably authorizes
the Agents to take such actions on behalf of such Lender or assignee or such
Issuing Bank and to exercise such powers as are delegated to the Agents by the
terms of the Loan Documents, together with such actions and powers as are
reasonably incidental thereto. The Administrative Agent and, to the extent
expressly provided herein, the Canadian Agent and the London Agent are hereby
expressly authorized by the Lenders and each Issuing Bank, without hereby
limiting any implied authority, (a) to receive on behalf of the Lenders and the
Issuing Banks all payments of principal of and interest on the Loans, all
payments in respect of LC Disbursements and all other amounts due to the Lenders
hereunder, and promptly to distribute to each Lender or Issuing Bank its proper
share of each payment so received; (b) to give notice on behalf of each of the
Lenders to the Company of any Event of Default specified in this Agreement of
which the Administrative Agent has actual knowledge acquired in connection with
its role as the Administrative Agent hereunder; and (c) to distribute to each
Lender copies of all notices, financial statements and other materials delivered
by the Company or any other Loan Party pursuant to this Agreement or the other
Loan Documents as received by the Administrative Agent. Without limiting the
generality of the foregoing, if all applicable mandatory prepayments under
Section 2.10(c) shall have been made or arrangements therefor satisfactory to
the Administrative Agent shall have been entered into, the Administrative Agent
is hereby expressly authorized to release any Guarantor from its obligations
hereunder and under the other Loan Documents, in the event that all the capital
stock of such Guarantor shall be sold, transferred or otherwise disposed of to a
Person that is not an Affiliate of the Company in a transaction permitted by
Section 6.03.

With respect to any Loans made by it hereunder, each Agent in its individual
capacity and not as Agent shall have the same rights and powers as any other
Lender and may exercise the same as though it were not an Agent, and the Agents
and their Affiliates may accept deposits from, lend money to and generally
engage in any kind of business with the Company or any Subsidiary or other
Affiliate thereof as if it were not an Agent.

The Agents shall not have any duties or obligations except those expressly set
forth in the Loan Documents. Without limiting the generality of the foregoing,
(a) no Agent shall be subject to any

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fiduciary or other implied duties, regardless of whether a Default has occurred
and is continuing, (b) no Agent shall have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and
powers expressly contemplated by the Loan Documents that the Agent is required
to exercise upon receipt of notice in writing by the Required Lenders (or such
other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 10.02), and (c) except as expressly set
forth in the Loan Documents, no Agent shall have any duty to disclose, and no
Agent shall be liable for the failure to disclose, any information relating to
the Company or any of its Subsidiaries that is communicated to or obtained by
the institution serving as Agent or any of its Affiliates in any capacity. No
Agent shall be liable for any action taken or not taken by it with the consent
or at the request of the Required Lenders (or such other number or percentage of
the Lenders as shall be necessary under the circumstances as provided in
Section 10.02) or in the absence of its own gross negligence or wilful
misconduct. No Agent shall be deemed to have knowledge of any Default unless and
until written notice thereof is given to such Agent by the Company or a Lender,
and no Agent shall be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with
any Loan Document, (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or
therewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth herein or therein, (iv) the
validity, enforceability, effectiveness or genuineness of any Loan Document or
any other agreement, instrument or document, or (v) the satisfaction of any
condition set forth in Article IV or elsewhere in any Loan Document, other than
to confirm receipt of items expressly required to be delivered to such Agent.

Each Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument,
document or other writing believed by it to be genuine and to have been signed
or sent by the proper Person. Each Agent also may rely upon any statement made
to it orally or by telephone and believed by it to be made by the proper Person,
and shall not incur any liability for relying thereon. Each Agent may consult
with legal counsel (who may be counsel for the Company), independent accountants
and other experts selected by it, and shall not be liable for any action taken
or not taken by it in accordance with the advice of any such counsel,
accountants or experts.

Each Agent may perform any and all its duties and exercise its rights and powers
by or through any one or more sub-agents appointed by such Agent. Each Agent and
any such sub-agent may perform any and all its duties and exercise its rights
and powers through their respective Related Parties. The exculpatory provisions
of the preceding paragraphs shall apply to any such sub-agent and to the Related
Parties of each Agent and any such sub-agent, and shall apply to their
respective activities in connection with the syndication of the revolving credit
facility provided for herein as well as activities as Agent.

Subject to the appointment and acceptance of a successor Agent as provided in
this paragraph, any Agent may resign at any time by notifying the Lenders, the
Issuing Banks and the Company. Upon any such resignation, the Required Lenders
shall have the right, in consultation with the Company, to appoint a successor.
If no successor shall have been so appointed by the Required Lenders and shall
have accepted such appointment within 30 days after the retiring Agent gives
notice of its resignation, then the retiring Agent may, on behalf of the Lenders
and the Issuing Banks, appoint a successor Agent which shall be a bank with an
office in New York, New York, or an Affiliate of any such bank. Upon the
acceptance of its appointment as Agent hereunder by a successor, such successor
shall succeed to and become vested with all the rights, powers, privileges and
duties of the retiring Agent, and the retiring Agent shall be discharged from
its duties and obligations hereunder. After the Agent’s resignation hereunder,
the provisions of this Article and Section 10.03 shall continue in effect for
the benefit of such retiring Agent, its sub-agents and their respective Related
Parties in respect of any actions taken or omitted to be taken by any of them
while it was acting as Agent.

Each Lender acknowledges that it has, independently and without reliance upon
the Agents or any other Lender and based on such documents and information as it
has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Lender also acknowledges that it will, independently and
without reliance upon the Agents or any other Lender and based on such

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documents and information as it shall from time to time deem appropriate,
continue to make its own decisions in taking or not taking action under or based
upon this Agreement, any other Loan Document or related agreement or any
document furnished hereunder or thereunder.

ARTICLE IX

Guarantee

In order to induce the Lenders to make Loans hereunder and the Issuing Banks to
issue the Letters of Credit, the Company hereby irrevocably and unconditionally
guarantees, as a primary obligor and not merely as a surety, the due and
punctual payment and performance of the Obligations. The Company further agrees
that the Obligations may be extended or renewed, in whole or in part, without
notice to or further assent from it, and that it will remain bound upon its
Guarantee hereunder notwithstanding any such extension or renewal of any
Obligation. Each and every default in payment of the principal of and premium,
if any, or interest on any Obligation shall give rise to a separate cause of
action hereunder, and separate suits may be brought hereunder as each cause of
action arises. The Company waives presentment to, demand of payment from and
protest to any Borrowing Subsidiary or any other Loan Party of any of the
Obligations, and also waives notice of acceptance of its guarantee and notice of
protest for nonpayment.

The obligations of the Company hereunder shall not be subject to any reduction,
limitation, impairment or termination for any reason (other than the
indefeasible payment in full in cash of the Obligations), including any claim of
waiver, release, surrender, alteration or compromise, and shall not be subject
to any defense or setoff, counterclaim, recoupment or termination whatsoever, by
reason of the invalidity, illegality or unenforceability of the Obligations, any
impossibility in the performance of the Obligations or otherwise. Without
limiting the generality of the foregoing, the obligations of the Company
hereunder shall not be affected by (a) the failure of any Lender, any Issuing
Bank, any Agent or any other Person to whom any of the Obligations are or shall
be owed (collectively, the “Guarantee Beneficiaries”) to assert any claim or
demand or to enforce or exercise any right or remedy under the provisions of
this Agreement, any other Loan Document or otherwise, (b) any extension or
renewal of any of the Obligations, (c) any rescission, waiver, amendment or
modification of, or release from any of the terms or provisions of, this
Agreement, any Borrowing Subsidiary Agreement, any other Loan Document or any
other agreement, (d) any default, failure or delay, wilful or otherwise, in the
performance of the Obligations or (e) any other act, omission or delay to do any
other act which may or might in any manner or to any extent vary the risk of the
Company or otherwise operate as a discharge of the Company as a matter of law or
equity (other than the indefeasible payment in full in cash of the Obligations)
or which would impair or eliminate any right of the Company to subrogation.

The Company further agrees that its guarantee hereunder constitutes a guarantee
of payment when due (whether or not any bankruptcy or similar proceeding shall
have stayed the accrual or collection of any of the Obligations or operated as a
discharge thereof) and not merely of collection, and waives any right to require
that any resort be had by any Guarantee Beneficiary to any balance of any
deposit account or credit on the books of any Guarantee Beneficiary in favor of
any Borrower, any other Loan Party or any other Person.

To the fullest extent permitted by applicable law, the Company waives any
defense based on or arising out of any defense of any Borrower or any other Loan
Party or the unenforceability of the Obligations or any part thereof from any
cause, or the cessation from any cause of the liability of any Borrower or any
other Loan Party, other than the indefeasible payment in full in cash of all the
Obligations. The Guarantee Beneficiaries may, at their election, compromise or
adjust any part of the Obligations, make any other accommodation with any
Borrower or any other Loan Party or exercise any other right or remedy available
to them against any Borrower or any other Loan Party, without affecting or
impairing in any way the liability of the Company hereunder except to the extent
the Obligations have been fully and indefeasibly paid in cash. To the fullest
extent permitted by applicable law, the Company waives any

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defense arising out of any such election even though such election operates,
pursuant to applicable law, to impair or to extinguish any right of
reimbursement or subrogation or other right or remedy of the Company against any
Borrower or any other Loan Party, as the case may be.

The Company further agrees that its guarantee hereunder shall continue to be
effective or be reinstated, as the case may be, if at any time payment, or any
part thereof, of any Obligation is rescinded or must otherwise be restored by
any Guarantee Beneficiary upon the bankruptcy or reorganization of any Borrower
or otherwise.

In furtherance of the foregoing and not in limitation of any other right that
any Guarantee Beneficiary may have at law or in equity against the Company by
virtue hereof, upon the failure of any Borrowing Subsidiary or any other Loan
Party to pay any Obligation when and as the same shall become due, whether at
maturity, by acceleration, after notice of prepayment or otherwise, the Company
hereby promises to and will, upon receipt of written demand by any Agent,
forthwith pay, or cause to be paid, to the Applicable Agent for distribution to
the applicable Guarantee Beneficiaries in cash an amount equal to the sum of
(i) the unpaid principal amount of such Obligations then due, (ii) accrued and
unpaid interest and fees on such Obligations and (iii) all other monetary
Obligations then due. The Company further agrees that if payment in respect of
any Obligation shall be due in a currency other than US Dollars and/or at a
place of payment other than New York and if, by reason of any Change in Law,
disruption of currency or foreign exchange markets, war or civil disturbance or
similar event, payment of such Obligation in such currency or at such place of
payment shall be impossible or, in the judgment of any Guarantee Beneficiary,
not consistent with the protection of its rights or interests, then, at the
election of such Guarantee Beneficiary, the Company shall make payment of such
Obligation in US Dollars (based upon the applicable Exchange Rate in effect on
the date of payment) and/or in New York, and shall indemnify such Guarantee
Beneficiary against any losses or expenses that it shall sustain as a result of
such alternative payment.

Upon payment in full by the Company of any Obligation, each Lender shall, in a
reasonable manner, assign to the Company the amount of such Obligation owed to
it and so paid, such assignment to be pro tanto to the extent to which the
Obligation in question was discharged by the Company, or make such disposition
thereof as the Company shall direct (all without recourse to any Guarantee
Beneficiary and without any representation or warranty by any Guarantee
Beneficiary).

Upon payment by the Company of any sums to the Applicable Agent as provided
above, all rights of the Company against any Borrowing Subsidiary or any other
Loan Party arising as a result thereof by way of right of subrogation or
otherwise shall in all respects be subordinated and junior in right of payment
to the prior indefeasible payment in full in cash of all the Obligations owed by
such Borrowing Subsidiary or such other Loan Party to the Guarantee
Beneficiaries.

Nothing shall discharge or satisfy the liability of the Company hereunder except
the full performance and payment of the Obligations.

Each reference herein to any Guarantee Beneficiary shall be deemed to include
their or its successors and assigns, in whose favor the provisions of this
Guarantee shall also inure.

ARTICLE X

Miscellaneous

SECTION 10.01. Notices. Except in the case of notices and other communications
expressly permitted to be given by telephone, all notices and other
communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or
sent by telecopy, as follows:

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(a) if to the Company or any Borrowing Subsidiary, to it, or to it in care of
the Company, as the case may be, at 1373 Broadway, Albany, New York 12204,
Attention of John Cozzolino, Corporate Treasurer  (Facsimile
No. (518) 677-1097);

(b) if to the Administrative Agent, to JPMorgan Chase Bank, N.A., Deal
Management Team, Loan and Agency Services Group, 10 South Dearborn, Floor 07,
Chicago IL, 60603-2003, Attention of Sherese Cork (Facsimile No. (888)
303-9732), with a copy to JPMorgan Chase Bank, N.A., 12 Corporate Woods
Boulevard, 4th Floor, Albany, New York 12211, Attention of Scott McNamara
(Facsimile No. (518) 436-9811);

(c) if to the Canadian Agent, to JPMorgan Chase Bank, N.A., Toronto Branch, 200
Bay Street, Suite 1800, Toronto, Ontario, Canada M5J 2J2, Attention of Steve
Voigt (Facsimile No. (416) 981-2375), with a copy to the Administrative Agent as
provided in paragraph (b) above;

(d) if to the London Agent, to J.P. Morgan Europe Limited, 25 Bank Street,
Canary Wharf, London E14 5JP, United Kingdom, Attention of The Manager, Loan &
Agency Services (Facsimile No: 44 207 777 2360), with a copy to the
Administrative Agent as provided in paragraph (b) above;

(e) if to the Swingline Lender, to JPMorgan Chase Bank, N.A., Deal Management
Team, Loan and Agency Services Group, 10 South Dearborn, Floor 07, Chicago IL,
60603-2003, Attention of Sherese Cork (Facsimile No. (888) 303-9732), with a
copy to JPMorgan Chase Bank, N.A., 12 Corporate Woods Boulevard, 4th Floor,
Albany, New York 12211, Attention of Scott McNamara (Facsimile
No. (518) 436-9811);

(f) if to JPMCB as Issuing Bank, to JPMorgan Chase Bank, N.A., Deal Management
Team, Loan and Agency Services Group, 10 South Dearborn, Floor 07, Chicago, IL,
60603-2003, Attention of Kathy M Giuseffi (Facsimile No. (312) 732-2729), with a
copy to JPMorgan Chase Bank, N.A., 12 Corporate Woods Boulevard, 4th Floor,
Albany, New York 12211, Attention of Scott McNamara (Facsimile
No. (518) 436-9811); and

(g) if to any other Lender or Issuing Bank, to it at its address (or telecopy
number) set forth in its Administrative Questionnaire.

Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All notices and
other communications given to any party hereto in accordance with the provisions
of this Agreement shall be deemed to have been given on the date of receipt.

SECTION 10.02. Waivers; Amendments. (a) No failure or delay by any Agent, any
Issuing Bank or any Lender in exercising any right or power hereunder or under
any other Loan Document shall operate as a waiver thereof, nor shall any single
or partial exercise of any such right or power, or any abandonment or
discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights
and remedies of the Agents, the Issuing Banks and the Lenders hereunder and
under the other Loan Documents are cumulative and are not exclusive of any
rights or remedies that they would otherwise have. No waiver of any provision of
any Loan Document or consent to any departure by any Loan Party therefrom shall
in any event be effective unless the same shall be permitted by paragraph (b) of
this Section, and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given. Without limiting the
generality of the foregoing, the making of a Loan or issuance of a Letter of
Credit shall not be construed as a waiver of any Default, regardless of whether
any Agent, any Lender or any Issuing Bank may have had notice or knowledge of
such Default at the time.

(b) Neither this Agreement nor any other Loan Document nor any provision hereof
or thereof may be waived, amended or modified except, in the case of this
Agreement, pursuant to an

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agreement or agreements in writing entered into by the Company and the Required
Lenders or, in the case of any other Loan Document, pursuant to an agreement or
agreements in writing entered into by the Administrative Agent and the Loan
Party or Loan Parties that are parties thereto, in each case with the consent of
the Required Lenders; provided that no such agreement shall (i) increase any
Commitment of any Lender without the written consent of such Lender, (ii) reduce
the principal amount of any Loan or LC Disbursement or reduce the rate of
interest thereon, or reduce any fees payable hereunder, without the written
consent of each Lender affected thereby, (iii) postpone the date of any
scheduled payment of the principal amount of any Loan or LC Disbursement, or any
interest thereon, or any fees payable hereunder, or reduce the amount of, waive
or excuse any such payment, or postpone the scheduled date of expiration of any
Commitment, without the written consent of each Lender affected thereby, (iv)
change Section 2.18(b) or (c) in a manner that would alter the pro rata sharing
of payments required thereby, without the written consent of each Lender
affected thereby, (v) change any of the provisions of this Section or the
definition of “Required Lenders” or any other provision of any Loan Document
specifying the number or percentage of Lenders (or Lenders of any Class)
required to waive, amend or modify any rights thereunder or make any
determination or grant any consent thereunder, without the written consent of
each Lender (or each Lender of such Class, as the case may be), (vi) release (A)
the Company from its obligations as a Guarantor hereunder or (B) all or
substantially all the other Guarantors from their obligations under the
Subsidiary Guarantee Agreement without the written consent of each Lender, (vii)
subordinate the Obligations to any other Indebtedness without the consent of
each affected Lender, or (viii) change any provision of any Loan Document in a
manner that by its terms adversely affects the rights in respect of payments or
prepayments due to Lenders with Commitments or Obligations of any Class
differently than those with Commitments or Obligations of any other Class,
without the written consent of Lenders holding a majority in interest of the
Commitments and outstanding Loans of the adversely affected Class; provided
further that (A) no such agreement shall amend, modify or otherwise affect the
rights or duties of any Agent, any Issuing Bank or the Swingline Lender without
the prior written consent of such Agent, such Issuing Bank or the Swingline
Lender, as the case may be and (B) any waiver, amendment or modification of this
Agreement that by its terms affects the rights or duties under this Agreement of
one Tranche (but not of the other Tranche) may be effected by an agreement or
agreements in writing entered into by the Company and requisite percentage in
interest of the affected Lenders under the applicable Tranche. Notwithstanding
the foregoing, any provision of this Agreement may be amended by an agreement in
writing entered into by the Company, the Required Lenders and the Administrative
Agent (and, if their rights or obligations are affected thereby, the other
Agent, the Issuing Banks and the Swingline Lenders) if (i) by the terms of such
agreement the applicable Commitment or Commitments of each Lender not consenting
to the amendment provided for therein shall terminate upon the effectiveness of
such amendment and (ii) at the time such amendment becomes effective, each
Lender not consenting thereto receives payment in full of the principal of and
interest accrued on each Loan made by it and all other amounts owing to it or
accrued for its account under this Agreement. Notwithstanding the foregoing
provisions of this paragraph (b), any provision of this Agreement or any other
Loan Document may be amended by an agreement in writing entered into by the
Company and the Administrative Agent to cure any ambiguity, omission, defect or
inconsistency so long as, in each case, the Lenders shall have received at least
five Business Days’ prior written notice thereof and the Administrative Agent
shall not have received, within five Business Days of the date of such notice to
the Lenders, a written notice from the Required Lenders stating that the
Required Lenders object to such amendment.

SECTION 10.03. Expenses; Indemnity; Damage Waiver. (a) The Borrowers agree,
jointly and severally, to pay (i) all reasonable out-of-pocket expenses incurred
by the Arrangers, the Agents and their Affiliates, including the reasonable
fees, charges and disbursements of counsel for the Arrangers and the Agents, in
connection with the syndication of the revolving credit facilities provided for
herein, the preparation and administration of the Loan Documents or any
amendments, modifications or waivers of the provisions thereof (whether or not
the transactions contemplated hereby or thereby shall be consummated), (ii) all
reasonable out-of-pocket expenses incurred by any Issuing Bank in connection
with the issuance, amendment, renewal or extension of any Letter of Credit or
any demand for payment thereunder and (iii) all reasonable out-of-pocket
expenses incurred by any Agent, any Issuing Bank or any Lender, including the
reasonable fees, charges and disbursements of counsel for any Agent, any Issuing
Bank or any Lender, in connection with the enforcement or protection of its
rights in connection with the Loan Documents, including its rights under this
Section, or in connection with the Loans made or Letters of Credit issued

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hereunder, including all such out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans or Letters of
Credit.

(b) The Borrowers agree, jointly and severally, to indemnify each Arranger, each
Agent, each Issuing Bank and each Lender, and each Related Party of any of the
foregoing Persons (each such Person being called an “Indemnitee”) against, and
hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related expenses, including the reasonable fees, charges and
disbursements of any counsel for any Indemnitee, incurred by or asserted against
any Indemnitee arising out of, in connection with or as a result of (i) the
execution or delivery of any Loan Document or any other agreement or instrument
contemplated hereby or thereby, the performance by the parties to the Loan
Documents of their respective obligations thereunder or the Transactions or any
other transactions contemplated hereby, (ii) any Loan or Letter of Credit or the
use of the proceeds therefrom (including any refusal by an Issuing Bank to honor
a demand for payment under a Letter of Credit if the documents presented in
connection with such demand do not strictly comply with the terms of such Letter
of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by the Company or any of its
Subsidiaries, or any Environmental Liability related in any way to the Company
or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing (each a
“Proceeding”), regardless of whether any Indemnitee is a party to a Proceeding,
whether a Proceeding is brought by a third party or by a Borrower or any of its
Affiliates or whether a Proceeding is based on contract, tort or any other
theory; provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such losses, claims, damages, liabilities or
related expenses are determined by a court of competent jurisdiction by final
and nonappealable judgment to have resulted from the gross negligence or wilful
misconduct of such Indemnitee or a Related Party of such Indemnitee.

(c) Each Revolving Lender severally agrees to the extent that the Borrowers fail
to pay any amount required to be paid by them to any Agent, any Issuing Bank or
the Swingline Lender under paragraph (a) or (b) of this Section, to pay to such
Agent, such Issuing Bank or the Swingline Lender, as the case may be, such
Lender’s pro rata share (determined as of the time that the applicable
unreimbursed expense or indemnity payment is sought) of such unpaid amount;
provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted
against such Agent, Issuing Bank or Swingline Lender in its capacity as such.
For purposes hereof, a Lender’s “pro rata share” shall be determined based upon
its share of the sum of the total Revolving Credit Exposures and unused
Commitments at the time.

(d) To the extent permitted by applicable law, the Borrowers shall not, and
shall not permit their Subsidiaries to, assert, and hereby waive, any claim
against any Indemnitee on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, this Agreement or any
agreement or instrument contemplated hereby, the Transactions, any Loan or
Letter of Credit or the use of the proceeds thereof. All amounts due under this
Section shall be payable promptly after written demand therefor.

(e) Notwithstanding any reference in paragraph (a) or (b) of this Section to the
joint and several liability of the Borrowers, each Swiss Borrowing Subsidiary
shall be liable under this Section 10.03 only for amounts attributable directly
to such Swiss Borrowing Subsidiary and its own direct or indirect Subsidiaries.

SECTION 10.04. Successors and Assigns. (a) The provisions of this Agreement
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby (including any Affiliate of
an Issuing Bank that issues any Letter of Credit), except that (i) no Loan Party
may assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of each Lender (and any such attempted
assignment or transfer by a Borrower or a Guarantor without such consent shall
be null and void) and (ii) no Lender may assign or otherwise transfer its rights
or obligations hereunder except in accordance with this Section. Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person
(other than the parties

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hereto, their respective successors and assigns permitted hereby (including any
Affiliate of the Issuing Bank that issues any Letter of Credit), Participants
(to the extent provided in paragraph (c) of this Section) and, to the extent
expressly contemplated hereby, the Related Parties of each of the Agents, the
Issuing Banks and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Agreement.

(b) (i) Subject to the conditions set forth in paragraph (b)(ii) of this
Section, any Lender may assign to one or more assignees all or a portion of its
rights and obligations under this Agreement (including all or a portion of its
Commitment under any Tranche and the Loans and other amounts at the time owing
to it under any Tranche) with the prior written consent (such consent not to be
unreasonably withheld) of:

(A) the Company; provided that no consent of the Company shall be required for
an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an
Event of Default has occurred and is continuing, any other assignee; and

(B) the Administrative Agent and each Issuing Bank; provided that no consent of
the Administrative Agent shall be required for an assignment of any Commitment
to an assignee that is a Lender with a Commitment immediately prior to giving
effect to such assignment.

(ii) Assignments shall be subject to the following additional conditions:

(A) except in the case of an assignment to a Lender, an Affiliate of a Lender or
an Approved Fund or an assignment of the entire remaining amount of the
assigning Lender’s Commitment or Loans of any Class, the amount of the
Commitment or Loans of the assigning Lender subject to each such assignment
(determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than
US$5,000,000 unless each of the Company and the Administrative Agent otherwise
consents; provided that no such consent of the Company shall be required if an
Event of Default has occurred and is continuing;

(B) each partial assignment of a Commitment and extensions of credit under a
Tranche shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under such Tranche;

(C) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing
and recordation fee of $3,500; and

(D) the assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire in which the assignee
designates one or more credit contacts to whom all syndicate-level information
(which may contain material non-public information about the Borrowers, the Loan
Parties and their Related Parties or the Company’s securities) will be made
available and who may receive such information in accordance with the assignee’s
compliance procedures and applicable laws, including Federal and state
securities laws.

(iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv)
of this Section, from and after the effective date specified in each Assignment
and Assumption the assignee thereunder shall be a party hereto and, to the
extent of the interest assigned by such Assignment and Assumption, have the
rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such
Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to
be a party hereto but shall continue to be entitled to the benefits of Sections
2.14, 2.16, 2.17 and 10.03). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with

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this Section shall be treated for purposes of this Agreement as a sale by such
Lender of a participation in such rights and obligations in accordance with
paragraph (c) of this Section.

(iv) The Administrative Agent, acting for this purpose as an agent of the
Borrower, shall maintain at one of its offices a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and
addresses of the Lenders, and the Commitment of, and principal amount of the
Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof
from time to time (the “Register”). The entries in the Register shall be
conclusive, and the Borrowers, the Agents, the Issuing Banks and the Lenders may
treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary. The Register shall be available for inspection by any
Borrower, any Issuing Bank and any Lender, at any reasonable time and from time
to time upon reasonable prior notice.

(v) Upon its receipt of a duly completed Assignment and Assumption executed by
an assigning Lender and an assignee, the assignee’s completed Administrative
Questionnaire (unless the assignee shall already be a Lender hereunder), the
processing and recordation fee referred to in paragraph (b) of this Section and
any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Assumption
and record the information contained therein in the Register. No assignment
shall be effective for purposes of this Agreement unless it has been recorded in
the Register as provided in this paragraph.

(c) (i) Any Lender may, without the consent of any Borrower, any Agent, any
Issuing Bank or the Swingline Lender, sell participations to one or more banks
or other entities (each a “Participant”) in all or a portion of such Lender’s
rights and obligations under this Agreement (including all or a portion of its
Commitment under any Tranche and the Loans and other amounts at the time owing
to it under any Tranche); provided that (A) such Lender’s obligations under this
Agreement shall remain unchanged, (B) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations,
and (C) the Borrowers, the Agents, the Issuing Banks and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. For the avoidance of
doubt, each Lender shall be responsible for the indemnity under Section 2.17(e)
with respect to any payments made by such Lender to its Participants. Any
agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision
of this Agreement; provided that such agreement or instrument may provide that
such Lender will not, without the consent of the Participant, agree to any
amendment, modification or waiver described in the first proviso to
Section 10.02(b) that affects such Participant. Subject to clause (c)(ii) of
this Section, each Borrower agrees that each Participant shall be entitled to
the benefits of Sections 2.14, 2.16 and 2.17 to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to paragraph (b) of
this Section. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 10.08 as though it were a Lender, provided
such Participant agrees to be subject to Section 2.18(c) as though it were a
Lender. Each Lender that sells a participation shall, acting solely for this
purpose as an agent of the Borrowers, maintain a register on which it enters the
name and address of each Participant and the principal amounts (and stated
interest) of each participant’s interest in the Loans or other obligations under
this Agreement (the “Participant Register”). The entries in the Participant
Register shall be conclusive absent manifest error, and such Lender shall treat
each person whose name is recorded in the Participant Register as the owner of
such participation for all purposes of this Agreement notwithstanding any notice
to the contrary.

(ii) A Participant shall not be entitled to receive any greater payment under
Section 2.14 or 2.17 than the applicable Lender would have been entitled to
receive with respect to the participation sold to such Participant, unless the
sale of the participation to such Participant is made with the Company’s prior
written consent. A Participant that would be a Foreign Lender if it were a
Lender shall not be entitled to the benefits of Section 2.17 unless the
applicable Borrower is notified of the participation sold to such Participant
and such Participant agrees, for the benefit of the applicable Borrower, to
comply with Section 2.17(f) as though it were a Lender.

74

  

(iii) Any Lender may at any time pledge or assign a security interest in all or
any portion of its rights under this Agreement to secure obligations of such
Lender, including any pledge or assignment to secure obligations to a Federal
Reserve Bank, and this Section shall not apply to any such pledge or assignment
of a security interest; provided that no such pledge or assignment of a security
interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto;

(d) Notwithstanding paragraphs (a), (b) and (c) of this Section, with respect to
any Swiss Borrowing Subsidiary, each Global Tranche Lender represents and
warrants that:

(i) it is and will remain a Qualifying Bank;

(ii) it will not (within the meaning of paragraphs (a), (b) and (c) of this
Section) (A) make any assignment of, (B) sell a participation in, (C) pledge or
assign a security interest in, or (D) otherwise transfer all or a portion of its
rights and obligations under a Global Tranche Commitment, a Loan to, or a
participation in an LC Disbursement for the account of, any Swiss Borrowing
Subsidiary, in each case to a Person that (x) has not represented in writing
that it is and will remain a Qualifying Bank and (y) agreed in writing that it
will not make further assignments, transfers, or sales of participations and
sub-participations in any of such interests and will not enter into any other
arrangements under which it substantially transfers its rights and obligations
under this Agreement, other than to or with Persons who themselves represent in
writing that they are and will remain Qualifying Banks and agree to observe
identical restrictions, except, in each case set forth above, with the prior
written consent of the Company and each Swiss Borrowing Subsidiary (such consent
not to be unreasonably withheld, but it being understood that such consent will
be deemed reasonably withheld if such assignment would result in a breach of the
Swiss Withholding Tax Rules). For the avoidance of doubt, it shall be specified
that nothing in the present paragraph shall prevent any Lender that is a
creditor under a Global Tranche Commitment, a Loan to, or a participation in a
LC Disbursement for the account of, any Swiss Borrowing Subsidiary, to enter
into a participation or sub-participation agreement or any other arrangement
with any Person that is not a Qualifying Bank, provided that (A) under such
agreement throughout the life of such arrangement (a) the relationship between
the Lender and that other Person is that of debtor and creditor (including in
the bankruptcy or similar event of that Lender), (b) the other Person will have
no proprietary interest in any Loan to or LC Disbursement for the account of any
Swiss Borrowing Subsidiary or in any monies received by the Lender in relation
to any Loan to or LC Disbursement for the account of any Swiss Borrowing
Subsidiary held by that Lender, and (c) the other Person will under no
circumstances (other than by way of permitted transfer under paragraph
(b)(ii)(C) of this Section) be subrogated to, or substituted in respect of, the
Lender’s claims under any Loan to or LC Disbursement for the account of any
Swiss Borrowing Subsidiary or otherwise have any contractual relationship with,
or rights against, the Swiss Borrowing Subsidiary under or in relation to, any
Loan to or LC Disbursement for the account of any Swiss Borrowing Subsidiary and
(B) any such participation, sub-participation, or arrangement would not result
in a relevant participation and/or sub-participation for the purposes of the
Swiss Withholding Tax Rules.

(e) Notwithstanding any other provision of this Section 10.04, all assignments
and purchases of rights and obligations under this Agreement (including portions
of Commitments and Loans under any Tranche) following an Event of Default with
respect to the Company under Section 7.01(h) or (i), if consented to by the
Administrative Agent or made pursuant to an agreement to which the
Administrative Agent is a party, will constitute permitted assignments under
paragraph (b) of this Section, will not be subject to any of the other
restrictions or conditions set forth in such paragraph (b), will be recognized
and given effect for all purposes of this Agreement and will not require any
consent of the Company or any other Borrower. Each Borrower and each Lender
agrees from time to time to execute and deliver to the Agents all such
promissory notes and other instruments and documents as the Administrative Agent
shall reasonably request to evidence and confirm the respective interests and
obligations of the Lenders after giving effect to any such assignments, and each
Lender agrees to surrender any promissory

75

  

notes originally received by it hereunder to the Administrative Agent against
delivery of any promissory notes so executed and delivered; provided that the
failure of any Borrower to execute or deliver or of any Lender to accept any
such promissory note, instrument or document shall not affect the validity or
effectiveness of any such assignments.

SECTION 10.05. Survival. All covenants, agreements, representations and
warranties made by the Loan Parties in the Loan Documents and in the
certificates or other instruments delivered in connection with or pursuant to
this Agreement or any other Loan Document shall be considered to have been
relied upon by the other parties hereto and shall survive the execution and
delivery of the Loan Documents and the making of any Loans and issuance of any
Letters of Credit, regardless of any investigation made by any such other party
or on its behalf and notwithstanding that any Agent, any Issuing Bank or any
Lender may have had notice or knowledge of any Default or incorrect
representation or warranty at the time any credit is extended hereunder, and
shall continue in full force and effect as long as the principal of or any
accrued interest on any Loan or any fee or any other amount payable under this
Agreement is outstanding and unpaid or any Letter of Credit is outstanding and
so long as the Commitments have not expired or terminated in full. The
provisions of Sections 2.14, 2.16, 2.17 and 10.03 and Article VIII shall survive
and remain in full force and effect regardless of the consummation of the
transactions contemplated hereby, the repayment of the Loans, the expiration or
termination of the Letters of Credit and the Commitments or the termination of
this Agreement or any provision hereof.

SECTION 10.06. Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. This Agreement and the other
Loan Documents constitute the entire contract among the parties relating to the
subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof (but do
not supersede the provisions of any fee letter or any provisions of any
commitment letter that by the terms of such document survive the execution and
delivery of this Agreement). Except as provided in Section 4.01, this Agreement
shall become effective when it shall have been executed by the Administrative
Agent and when the Administrative Agent shall have received counterparts hereof
which, when taken together, bear the signatures of each of the other parties
hereto, and thereafter shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. Delivery of an
executed counterpart of a signature page of this Agreement by facsimile or other
electronic means shall be effective as delivery of a manually executed
counterpart of this Agreement.

SECTION 10.07. Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such invalidity, illegality or unenforceability
without affecting the validity, legality and enforceability of the remaining
provisions hereof; and the invalidity of a particular provision in a particular
jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION 10.08. Right of Setoff. If an Event of Default shall have occurred and
be continuing, each Lender and each of its Affiliates is hereby authorized at
any time and from time to time, to the fullest extent permitted by law, to set
off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held and other obligations at any time owing
by such Lender or Affiliate to or for the credit or the account of any Borrower
against any of and all the obligations of the Borrowers at the time existing
under this Agreement held by such Lender, irrespective of whether or not such
Lender shall have made any demand under this Agreement and although such
obligations may be unmatured. The rights of each Lender under this Section are
in addition to other rights and remedies (including any other rights of setoff)
which such Lender may have.

SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process. (a)
This Agreement shall be construed in accordance with and governed by the law of
the State of New York.

(b) Each Borrower hereby irrevocably and unconditionally submits, for itself and
its property, to the exclusive jurisdiction of the Supreme Court of the State of
New York sitting in New York

76

  

County and of the United States District Court of the Southern District of
New York, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to any Loan Document, or for recognition or
enforcement of any judgment, and each of the parties hereto hereby irrevocably
and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such New York State or, to the extent
permitted by law, in such Federal court. Each of the parties hereto agrees that
a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. Nothing in this Agreement or any other Loan Document shall
affect any right that any Agent, any Issuing Bank or any Lender may otherwise
have to bring any action or proceeding relating to this Agreement or any other
Loan Document against any Borrower or its properties in the courts of any
jurisdiction.

(c) Each Borrower hereby irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection which it may now or
hereafter have to the laying of venue of any suit, action or proceeding arising
out of or relating to this Agreement or any other Loan Document in any court
referred to in paragraph (b) of this Section. Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an
inconvenient forum to the maintenance of such action or proceeding in any such
court.

(d) Each party to this Agreement irrevocably consents to service of process in
the manner provided for notices in Section 10.01. Nothing in this Agreement or
any other Loan Document will affect the right of any party to this Agreement to
serve process in any other manner permitted by law.

SECTION 10.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY or thereby (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER
INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.

SECTION 10.11. Headings. Article and Section headings and the Table of Contents
used herein are for convenience of reference only, are not part of this
Agreement and shall not affect the construction of, or be taken into
consideration in interpreting, this Agreement.

SECTION 10.12. Confidentiality. (a) Each Agent, Issuing Bank and Lender agrees
to maintain the confidentiality of the Information (as defined below), except
that Information may be disclosed (i) to its and its Affiliates’ directors,
officers, employees and agents, including accountants, legal counsel and other
advisors (it being understood that the Persons to whom such disclosure is made
will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (ii) to the extent requested by any
regulatory authority, (iii) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process, (iv) to any other party
to this Agreement, (v) in connection with the exercise of any remedies hereunder
or any suit, action or proceeding relating to this Agreement or any other Loan
Document or the enforcement of rights hereunder or thereunder, (vi) subject to
an agreement containing provisions substantially the same as those of this
Section, to any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement,
(vii) with the consent of the Company or (viii) to the extent such Information
(A) becomes publicly available other than as a result of a breach of this
Section or (B) becomes available to any Agent, any Issuing Bank or any Lender on
a nonconfidential basis from a source other than the Company. For the purposes
of this Section, “Information” means all information received from the Company
relating to the Company or its business, other than any such information that is

77

  

available to any Agent, any Issuing Bank or any Lender on a nonconfidential
basis prior to disclosure by the Company. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered
to have complied with its obligation to do so if such Person has exercised the
same degree of care to maintain the confidentiality of such Information as such
Person would accord to its own confidential information.

(b) Each Lender acknowledges that Information furnished to it pursuant to this
Agreement may include material non-public information concerning the Borrowers
and their Related Parties or the Company’s securities, and confirms that it has
developed compliance procedures regarding the use of material non-public
information and that it will handle such material non-public information in
accordance with those procedures and applicable law, including Federal and state
securities laws.

(c) All information, including requests for waivers and amendments, furnished by
the Borrowers or the Administrative Agent pursuant to, or in the course of
administering, this Agreement will be syndicate-level information, which may
contain material non-public information about the Borrowers, the Loan Parties
and their Related Parties or the Company’s securities. Accordingly, each Lender
represents to the Borrower and the Administrative Agent that it has identified
in its Administrative Questionnaire a credit contact who may receive information
that may contain material non-public information in accordance with its
compliance procedures and applicable law, including Federal and state securities
laws.

SECTION 10.13. Conversion of Currencies. (a) If, for the purpose of obtaining
judgment in any court, it is necessary to convert a sum owing hereunder in one
currency into another currency, each party hereto agrees, to the fullest extent
that it may effectively do so, that the rate of exchange used shall be that at
which in accordance with normal banking procedures in the relevant jurisdiction
the first currency could be purchased with such other currency on the Business
Day immediately preceding the day on which final judgment is given.

(b) The obligations of each party hereto in respect of any sum due to any other
party hereto or any holder of the obligations owing hereunder (the “Applicable
Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment
Currency”) other than the currency in which such sum is stated to be due
hereunder (the “Agreement Currency”), be discharged only to the extent that, on
the Business Day following receipt by the Applicable Creditor of any sum
adjudged to be so due in the Judgment Currency, the Applicable Creditor may in
accordance with normal banking procedures in the relevant jurisdiction purchase
the Agreement Currency with the Judgment Currency; if the amount of the
Agreement Currency so purchased is less than the sum originally due to the
Applicable Creditor in the Agreement Currency, such party agrees, as a separate
obligation and notwithstanding any such judgment, to indemnify the Applicable
Creditor against such loss. The obligations of the parties contained in this
Section shall survive the termination of this Agreement and the payment of all
other amounts owing hereunder.

SECTION 10.14. Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with
all fees, charges and other amounts which are treated as interest on such Loan
under applicable law (collectively, the “Charges”), shall exceed the maximum
lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken,
received or reserved by the Lender holding such Loan in accordance with
applicable law, the rate of interest payable in respect of such Loan hereunder,
together with all Charges payable in respect thereof, shall be limited to the
Maximum Rate and, to the extent lawful, the interest and Charges that would have
been payable in respect of such Loan but were not payable as a result of the
operation of this Section shall be cumulated and the interest and Charges
payable to such Lender in respect of other Loans or periods shall be increased
(but not above the Maximum Rate therefor) until such cumulated amount, together
with interest thereon at the Federal Funds Effective Rate to the date of
repayment, shall have been received by such Lender.

78

  

SECTION 10.15. U.S.A. PATRIOT Act. Each Lender and each Issuing Bank hereby
notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act
(Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it
is required to obtain, verify and record information that identifies the
Borrowers, which information includes the name and address of the Borrowers and
other information that will allow such Lender or Issuing Bank, as the case may
be, to identify the Borrowers in accordance with the Act.

SECTION 10.16. No Fiduciary Relationship. The Company, on behalf of itself and
the Subsidiaries, agrees that in connection with all aspects of the transactions
contemplated hereby and any communications in connection therewith, the
Borrower, the Subsidiaries and their Affiliates, on the one hand, and the
Administrative Agent, the Lenders, the Issuing Banks and their Affiliates, on
the other hand, will have a business relationship that does not create, by
implication or otherwise, any fiduciary duty on the part of the Administrative
Agent, the Lenders, the Issuing Banks or their Affiliates, and no such duty will
be deemed to have arisen in connection with any such transactions or
communications.

SECTION 10.17. Non-Public Information. (a) Each Lender acknowledges that all
information, including requests for waivers and amendments, furnished by any
Borrower or the Administrative Agent pursuant to or in connection with, or in
the course of administering, this Agreement will be syndicate-level information,
which may contain MNPI. Each Lender represents to each Borrower and the
Administrative Agent that (i) it has developed compliance procedures regarding
the use of MNPI and that it will handle MNPI in accordance with such procedures
and applicable law, including Federal, state and foreign securities laws, and
(ii) it has identified in its Administrative Questionnaire a credit contact who
may receive information that may contain MNPI in accordance with its compliance
procedures and applicable law, including Federal, state and foreign securities
laws.

(b) Each Borrower and each Lender acknowledge that, if information furnished by
any Borrower pursuant to or in connection with this Agreement is being
distributed by the Administrative Agent through IntraLinks/IntraAgency, SyndTrak
or another website or other information platform (the “Platform”), (i) the
Administrative Agent may post any information that such Borrower has indicated
as containing MNPI solely on that portion of the Platform as is designated for
Private Side Lender Representatives and (ii) if any Borrower has not indicated
whether any information furnished by it pursuant to or in connection with this
Agreement contains MNPI, the Administrative Agent shall post such information
solely on that portion of the Platform as is designated for Private Side Lender
Representatives.

(c) Each Borrower agrees to specify whether any information furnished by such
Borrower to the Administrative Agent pursuant to, or in connection with, this
Agreement contains MNPI.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by their respective authorized officers as of the day and year first
above written.

 

albany international corp., by /s/ John Cozzolino       Name: John Cozzolino  
Title: Chief Financial Officer and Treasurer

 

albany international HOLDING (Switzerland) AG, by /s/ Daniel Halftermeyer      
Name: Daniel Halftermeyer   Title: President Machine Clothing  

 

albany international EUROPE GMBH,

by /s/ Daniel Halftermeyer       Name: Daniel Halftermeyer   Title: President
Machine Clothing

 

albany international CANADA corp., By /s/ John Cozzolino       Name: John
Cozzolino   Title: Chief Financial Officer and Treasurer

 

 

jpmorgan chase bank, n.a.,
as Administrative Agent, a Lender, the Swingline Lender and an Issuing bank, By
/s/ Scott A. McNamara       Name: Scott A. McNamara   Title: Senior Underwriter

 

 

jpmorgan chase bank, n.a., Toronto Branch, as Canadian Agent and an Issuing
bank, By /s/ Steve Voigt

      Name: Steve Voigt   Title: Senior Vice President

 

[Signature page to Five-Year Revolving Credit Facility Agreement]

 

 

 

j.p. morgan europe limited,
as london agent, By /s/ Altan Kayaalp       Name: Altan Kayaalp   Title:
Executive Director

 

 

Name of Lender:

 

Bank of America, N.A.

          by

/s/ Karen D. Finnerty

 

  Name: Karen D. Finnerty  

Title: Senior Vice President

 

 

Name of Lender:

 

Bank of America, N.A., Canada Branch

          by

/s/ Medina Sales de Andrade

 

  Name: Medina Sales de Andrade   Title: Vice President

 

Name of Lender:

 

The Bank of Tokyo-Mitsubishi UFJ, LTD., as Lender

          by

/s/ Ravneet Mumick

 

  Name: Ravneet Mumick  

Title: Director

 

Name of Lender:

 

Wells Fargo Bank, N.A

          by

/s/ Annette Herber

 

  Name: Annette Herber   Title: Senior Vice President

 

  

 

Name of Lender:

 

HSBC Bank USA, N.A.

          by

/s/ Bruce Yoder

 

  Name: Bruce Yoder  

Title: Vice President

 

Name of Lender:

 

RBS Citizens, N.A.

          by

/s/ Donald A. Wright

 

  Name: Donald A. Wright  

Title: Senior Vice President

 

Name of Lender:

 

Nordea Bank Finland Plc, acting through its New York and Cayman Islands Branches

          by

/s/ Leena Parker

 

  Name: Leena Parker  

Title: First Vice President

 

For any Lender requiring a second signature line:

 

by /s/ Gerald E. Chelius, Jr.

Name: Gerald E. Chelius, Jr.

Title: SVP Credit

 

Name of Lender:

 

FIRST NIAGARA BANK, N.A.

          by /s/ Paul D. Ryan   Name: Paul D. Ryan  

Title: Vice President

 

 

  

Schedule 1.01

Applicable Funding Account

Albany International Corp. (including all U.S. subsidiaries):

JPMorgan Chase Bank, N.A., New York, NY (a/c# XXXXXXXX)

Albany International Canada

Scotia Bank, Montreal, Quebec (a/c# XXXXXXXX)

Albany International Europe Gmbh

JPMorgan Chase Bank, N.A., London, UK (a/c# XXXXXXXX)

Albany International Holding (Switzerland) AG

Credit Suisse, Zug, Switzerland (a/c# XXXXXXXX)

Albany International Holding (Switzerland) AG – Guernsey branch

Bank of America, Dublin, Ireland (a/c# XXXXXXXX)

 

  

Schedule 2.01

Commitments

Global Tranche

 

Lender Commitment (US$)   JPMorgan Chase Bank, N.A. $62,500,000   Bank of
America, N.A. $62,500,000   The Bank of Tokyo-Mitsubishi UFJ, Ltd. $47,500,000
Wells Fargo Bank, National Association $47,500,000   HSBC Bank USA National
Association $30,000,000   RBS Citizens $30,000,000   Nordea Bank Finland Plc.
$30,000,000   Total $310,000,000  

 

US Tranche

Lender Commitment (US$) First Niagara Bank, N.A. $20,000,000 Total $20,000,000

Initial Issuing Bank LC Commitment

Issuing Bank LC Commitment (US$)

JPMorgan Chase Bank, N.A.

JPMorgan Chase Bank, N.A., Toronto Branch

$50,000,000 Total $50,000,000

 

 

  

Schedule 2.05

Existing Letters of Credit

None.

 

  

Schedule 3.06

Disclosed Matters

The discussion of various matters set forth in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2012 (a) in “Item 1A. Risk Factors”
under the heading “The Company is subject to legal proceedings and legal
compliance risks, and has been named as defendant in a large number of suits
relating to the actual or alleged exposure to asbestos-containing products” and
(b) in “Item 3. Legal Proceedings” is hereby incorporated by reference.

 

  

Schedule 3.10

Foreign Plans

 

 

Country

 

Plan

Net asset/(obligation) at
12/31/12 AIC Parent
Guarantee Australia Defined benefit $459,000 No Canada Registered $(2,644,000)
No Canada SERP $(220,000) No

 

France

Retirement indemnity

 

$(3,760,000)

 

No

Germany Individual promises $(11,769,000) No Germany General pension
$(5,205,000) No Germany General pension plan $(4,452,000) No United Kingdom AI
UK pension plan $6,575,000 No Switzerland AI Switzerland $(1,421,000) No

 

 

  

Schedule 3.12

Subsidiaries

 

See attached.

 

  

Subsidiaries

 

Affiliate

Direct Subsidiary of

Loan Party

Country of Incorporation

Jurisdiction of Incorporation

47 Albany Troy Road Corporation - Namesaver Albany International Corp.   United
States New York AIC Sales Corporation - Namesaver Albany International Corp.  
United States New York AI (Switzerland) GmbH  Albany International Europe Gmbh X
Switzerland Switzerland Albany Dritek Corp. - Inactive Albany International
Corp.   United States New York Albany Felt Company - Namesaver Albany
International Corp.   United States New York Albany International (China) Co.,
Ltd. Albany International Corp.   China Panyu, Guangdong, China Albany
International AB Albany International Holding AB   Sweden Halmstad, Sweden
Albany International Asia Pty. Ltd. Albany International Holdings Two, Inc.  
Australia Australian Capital Territory Albany International B.V. Albany
International Holding (Switzerland) AG   Netherlands The Hague, Netherlands
Albany International Canada Corp. AI (Switzerland) GmbH X Canada Nova Scotia
Albany International Corp.   X United States Delaware Albany International de
Mexico S.A. de C.V.  Albany International Corp.   Mexico Mexico Albany
International Engineered Textiles (Hangzhou) Co., Ltd. Albany International
Holding (Switzerland) AG   China Hangzhou, China Albany International Europe
Gmbh Albany International Holding (Switzerland) AG X Switzerland Switzerland
Albany International France, S.A.S. Albany International Canada Corp.   France
Selestat, France Albany International Germany Holding GmbH Albany International
Holdings Two, Inc.   Germany Germany Albany International GmbH Albany
International Germany Holding GmbH   Germany Germany Albany International
Holding (Switzerland) AG Albany International Holdings Two, Inc. X Switzerland
Switzerland Albany International Holding AB Albany International Holding
(Switzerland) AG   Sweden Sweden Albany International Holdings Two, Inc. Albany
International Corp. X United States Delaware

 

  

 

Albany International Italia S.r.l. Albany International Holding (Switzerland) AG
  Italy Italy Albany International Korea, Inc. Albany International Holdings
Two, Inc.   Korea Chungju-shi, Korea Albany International Ltd. Albany
International Holding (Switzerland) AG   United Kingdom United Kingdom Albany
International Oy Albany International AB   Finland Helsinki, Finland Albany
International Pty. Ltd. Albany International HoldingsTwo, Inc.   Australia
Australian Capital Territory Albany International Research Co. Albany
International Corp. X United States Delaware Albany International S.A. Pty. Ltd.
Albany International AB   South Africa Durban Albany Engineered Composites, Inc.
Albany International Corp. X United States New Hampshire

Albany Engineered Composites, Ltd.

Albany Engineered Composites, S.A.S

Albany Engineered Composites, Inc.

Albany Engineered Composites, Inc.

 

United Kingdom

France

United Kingdom

France

Albany International Tecidos Tecnicos Ltda. Albany International Canada Corp.  
Brazil Santa Catarina Albany Nordiskafilt Kabushiki Kaisha Albany International
AB   Japan Tokyo Brandon Drying Fabrics, Inc. - Inactive Geschmay Corp. X United
States Delaware Dewa Consulting AB - Namesaver Albany International AB   Sweden
Sweden Geschmay Corp. Albany International Corp. X United States Delaware
Geschmay Forming Fabrics Corp. - Inactive Geschmay Corp. X United States
Delaware Geschmay Wet Felts, Inc. - Inactive Geschmay Corp. X United States
Delaware James Kenyon & Sons Ltd. - Inactive Albany International Corp.   United
Kingdom United Kingdom Nordiska Maskinfilt Aktiebolag - Namesaver Albany
International AB   Sweden Sweden Nevo-Cloth Ltd. Albany International AB  
Russia St. Petersburg Transamerican Manufacturing Inc. - Namesaver Albany
International Corp.   United States Delaware Transglobal Enterprises Inc. -
Namesaver Albany International Corp.   United States Delaware Wurttembergische
Filztuchfabrik D. Geschmay GmbH Albany International Germany Holding GmbH  
Germany Germany

 

 

  

Schedule 6.01

Existing Subsidiary Indebtedness

 

 

Amount (US$)1

Albany International Engineered Textiles (Hangzhou) Co., Ltd.
Short and Medium-Term Borrowings from Local Banks $7,500,000     Albany
International Tecidos Tecnicos Ltda.
Short and Medium-Term Borrowings from Local Banks $600,000     Albany Engineered
Composites
Short and Medium-Term Borrowings from Local Banks $137,000

 

 

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1 Dollar amounts are converted from local currencies.

 

  

Schedule 6.02

Existing Liens

None.

 

  

Schedule 6.04

Certain Transactions with Affiliates

Spectra Systems Corporation (SSC)

The Company made an investment of approximately $4 million in 1997 in this
entity, which is engaged in the development of textiles using dispersed laser
technology. At the same time, the Company entered into an exclusive supply
arrangement pursuant to which SSC is obligated to purchase all of its
monofilament or textile products from the Company, and to pay certain royalties
to the Company on sales of SSC products that incorporate materials supplied by
the Company. SSC also granted to the Company an exclusive license to use SSC
products in paper machine clothing and related products. In addition, the
Company’s subsidiary, Albany International Research Co., has provided research
and technical support to SSC. The remaining interests of SSC are not, to the
Company’s best knowledge, held by Affiliates of the Company. As of December 31,
2009, the Company was no longer engaged in any commercial or other business
activities with SSC. Any future dealings (which are not anticipated) would be at
arm’s length.

Nevo Cloth Ltd.

Albany Nordiskafilt AB, the Company’s principal Swedish subsidiary, established
a 50/50 equity joint venture with a local Russian partner to gain a
manufacturing presence in Russia in the Company’s core paper machine clothing
business. Albany Nordiskafilt supplies paper machine clothing and related
products to this entity for resale to customers in Russia. The other shareholder
is not, to the Company’s best knowledge, an Affiliate of the Company.

 

  

Schedule 6.07

Existing Investments

Albany International Corp. and Subsidiaries

 

Spectra Systems Corporation (Delaware)

1,777,778 shares Series C Preferred, $0.01 par value (<20%) Nevo Cloth Ltd.
(Russia) 50% equity ownership Ichikawa Ltd. (Japan) 300,000 shares Common Stock
(approx. 1.0%) Parco Scientifico Technlogico di Venezia s.c.a.r.l.

176 quotas valued at EUR 12,813
(approx. US$ 16,900)

Wurttembergische Filztuchfabrik D. Geschmay GmbH Guaranty by Albany
International Corp. in favor of GEFA leasing of borrowings by Wurttembergische
Filztuchfabrik D. Geschmay GmbH of Euro 1,120,000 (approx. US$1,400,000) Various
European entities Guaranty by Albany International Corp. in favor of JPMorgan
for credit cards in various countries in Europe for US$500,000 Albany
International Canada Corp. Guaranty by Albany International Corp. in favor of
Scotiabank for credit cards with Albany International Canada Corp. for CAD
500,000 (approx. US$504,000) Albany International Canada Corp. Guaranty by
Albany International Corp. in favor of Scotiabank for a credit line with Albany
International Canada Corp. for CAD 1,500,000 (approx. US$1,511,000) Albany
International China Hangzhou Guaranty by Albany International Corp. in favor of
Bank of Tokyo Mitsubishi for Albany International China Hangzhou for
US$7,500,000. Albany International AB Guaranty by Albany International Corp. in
favor of Nordea for a credit line with Albany International AB for SEK
15,000,000 (approx. US$2,307,000) Albany International AB Guaranty by Albany
International Corp. in favor of Nordea for customs guarantees with Albany
International AB for SEK 200,000 (approx. US$31,000)