Exhibit 10.1
 

CREDIT AGREEMENT
dated as of
September 28, 2015,
among
VWR FUNDING, INC.,
as the Parent Borrower,
THE FOREIGN SUBSIDIARY BORROWERS PARTY FROM TIME TO TIME HERETO,
THE LENDERS PARTY HERETO
and
CITIBANK, N.A.,
as Administrative Agent and Collateral Agent
 

CITIGROUP GLOBAL MARKETS INC.,
BARCLAYS BANK PLC,
GOLDMAN SACHS BANK USA,
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
J.P. MORGAN SECURITIES LLC
and
PNC CAPITAL MARKETS LLC,
as Joint Lead Arrangers and Joint Bookrunners,
BARCLAYS BANK PLC
and
GOLDMAN SACHS BANK USA,
as Co-Syndication Agents,
MIZUHO BANK,
WELLS FARGO BANK, NATIONAL ASSOCIATION
and
BBVA COMPASS,
as Co-Documentation Agents,
SUMITOMO MITSUI BANKING CORPORATION,
as Senior Managing Agent,
and
TD BANK, N.A.,
as Managing Agent
 

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TABLE OF CONTENTS
 
Page
ARTICLE I
 
DEFINITIONS
 
SECTION 1.01.
Defined Terms
1
SECTION 1.02.
Terms Generally
65
SECTION 1.03.
Classification of Loans and Borrowings
66
SECTION 1.04.
Rounding
66
SECTION 1.05.
References to Agreements and Laws
66
SECTION 1.06.
Times of Day
66
SECTION 1.07.
Timing of Payment or Performance
66
SECTION 1.08.
Letter of Credit Amounts
66
SECTION 1.09.
Exchange Rate; Currency Equivalents Generally
66
SECTION 1.10.
Alternative Currencies
67
SECTION 1.11.
Pro Forma Calculations
67
 
 
 
ARTICLE II
 
THE CREDITS
 
SECTION 2.01.
Commitments
69
SECTION 2.02.
Loans
69
SECTION 2.03.
Borrowing Procedure
71
SECTION 2.04.
Evidence of Debt; Repayment of Loans
71
SECTION 2.05.
Fees
72
SECTION 2.06.
Interest on Loans
73
SECTION 2.07.
Default Interest
74
SECTION 2.08.
Alternate Rate of Interest
74
SECTION 2.09.
Termination and Reduction of Commitments
75
SECTION 2.10.
Conversion and Continuation of Borrowings
76
SECTION 2.11.
Repayment of Term Borrowings
77
SECTION 2.12.
Optional Prepayment
78
SECTION 2.13.
Mandatory Prepayments
85
SECTION 2.14.
Reserve Requirements; Change in Circumstances
88
SECTION 2.15.
Change in Legality
89
SECTION 2.16.
Indemnity
90
SECTION 2.17.
Pro Rata Treatment; Intercreditor Agreements
90
SECTION 2.18.
Sharing of Setoffs
91
SECTION 2.19.
Payments
92
SECTION 2.20.
Taxes
93
SECTION 2.21.
Assignment of Commitments Under Certain Circumstances; Duty to Mitigate
96
SECTION 2.22.
Swingline Loans
97
SECTION 2.23.
Letters of Credit
99
SECTION 2.24.
Incremental Credit Extensions
104
SECTION 2.25.
Extensions of Term Loans and Revolving Credit Commitments.
106
SECTION 2.26.
Defaulting Lenders
109
SECTION 2.27.
Refinancing Amendments
111

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ARTICLE III
 
REPRESENTATIONS AND WARRANTIES
 
SECTION 3.01.
Organization; Powers
112
SECTION 3.02.
Authorization
113
SECTION 3.03.
Enforceability
113
SECTION 3.04.
Governmental Approvals
113
SECTION 3.05.
Financial Statements
113
SECTION 3.06.
No Material Adverse Change
114
SECTION 3.07.
Title to Properties
114
SECTION 3.08.
Subsidiaries
114
SECTION 3.09.
Litigation; Compliance with Laws
114
SECTION 3.10.
Federal Reserve Regulations
115
SECTION 3.11.
Investment Company Act
115
SECTION 3.12.
Taxes
115
SECTION 3.13.
No Material Misstatements
115
SECTION 3.14.
Employee Benefit Plans
115
SECTION 3.15.
Environmental Matters
116
SECTION 3.16.
Security Documents
116
SECTION 3.17.
Location of Real Property and Leased Premises
116
SECTION 3.18.
Labor Matters
116
SECTION 3.19.
Solvency
117
SECTION 3.20.
Intellectual Property
117
SECTION 3.21.
Subordination of Junior Financing
117
SECTION 3.22.
USA PATRIOT Act; Sanctions; Anti-Corruption Laws
117
 
ARTICLE IV
 
CONDITIONS OF LENDING
 
SECTION 4.01.
All Credit Events
117
SECTION 4.02.
First Credit Event
118
SECTION 4.03.
Additional Conditions Applicable to Foreign Subsidiary Borrowers
120
 
ARTICLE V
 
AFFIRMATIVE COVENANTS
 
SECTION 5.01.
Existence; Compliance with Laws; Businesses and Properties.
121
SECTION 5.02.
Insurance
121
SECTION 5.03.
Taxes
122
SECTION 5.04.
Financial Statements, Reports, etc.
122
SECTION 5.05.
Notices
125
SECTION 5.06.
Information Regarding Collateral
125
SECTION 5.07.
Maintaining Records; Access to Properties and Inspections
125
SECTION 5.08.
Use of Proceeds
125
SECTION 5.09.
Further Assurances
125
SECTION 5.10.
Post-Closing Obligations
128
SECTION 5.11.
Designation of Subsidiaries
129
SECTION 5.12.
Maintenance of New York Process Agent
130

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ARTICLE VI
 
NEGATIVE COVENANTS
 
SECTION 6.01.
Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and
Preferred Stock
131
SECTION 6.02.
Liens
138
SECTION 6.03.
Restricted Payments
139
SECTION 6.04.
Fundamental Changes
145
SECTION 6.05.
Dispositions
147
SECTION 6.06.
Transactions with Affiliates
149
SECTION 6.07.
Restrictive Agreements
151
SECTION 6.08.
Business of the Parent Borrower and Its Restricted Subsidiaries
153
SECTION 6.09.
Modification of Junior Financing Documentation
153
SECTION 6.10.
Changes in Fiscal Year
153
SECTION 6.11.
First Lien Net Leverage Ratio
153
SECTION 6.12.
Amendments or Waivers of Organization Documents
153
 
ARTICLE VII
 
EVENTS OF DEFAULT
 
SECTION 7.01.
Events of Default
154
SECTION 7.02.
Equity Cure
157
 
 
 
ARTICLE VIII
 
 
 
THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT
 
 
 
SECTION 8.01.
Appointment and Authority
158
SECTION 8.02.
Exculpatory Provisions
158
SECTION 8.03.
Reliance by the Administrative Agent
159
SECTION 8.04.
Delegation of Duties
159
SECTION 8.05.
Resignation of Administrative Agent
159
SECTION 8.06.
No Other Duties, Etc.
160
SECTION 8.07.
Non-Reliance on Administrative Agent and Other Lenders.
160
SECTION 8.08.
Withholding Tax Indemnity.
161
SECTION 8.09.
Administrative Agent May File Proof of Claims.
161
 
ARTICLE IX
 
MISCELLANEOUS
 
SECTION 9.01.
Notices
162
SECTION 9.02.
Survival of Agreement
164
SECTION 9.03.
Binding Effect
164
SECTION 9.04.
Successors and Assigns
164
SECTION 9.05.
Expenses; Indemnity
172
SECTION 9.06.
Right of Setoff; Payments Set Aside
174
SECTION 9.07.
Applicable Law
175
SECTION 9.08.
Waivers; Amendment
175
SECTION 9.09.
Interest Rate Limitation
181
SECTION 9.10.
Entire Agreement
181
SECTION 9.11.
WAIVER OF JURY TRIAL
181
SECTION 9.12.
Severability
182

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SECTION 9.13.
Counterparts
182
SECTION 9.14.
Headings
182
SECTION 9.15.
Jurisdiction; Consent to Service of Process
182
SECTION 9.16.
Confidentiality
184
SECTION 9.17.
No Advisory or Fiduciary Responsibility
184
SECTION 9.18.
Release of Collateral
185
SECTION 9.19.
USA PATRIOT Act Notice
186
SECTION 9.20.
Lender Action
186
SECTION 9.21.
Obligations of the Foreign Subsidiary Borrowers
186

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SCHEDULES
Schedule A
-    Additional Alternative Currencies

Schedule B
-    Foreign Subsidiary Borrowers

Schedule 1.01(a)
-    Subsidiary Guarantors

Schedule 1.01(b)
-    Disqualified Institutions

Schedule 1.01(c)
-    Existing Letters of Credit

Schedule 1.01(d)
-    Immaterial Subsidiaries

Schedule 2.01
-    Lenders and Commitments

Schedule 3.08
-    Subsidiaries

Schedule 3.09
-    Litigation

Schedule 3.17(a)
-    Owned Real Property

Schedule 3.17(b)
-    Leased Real Property

Schedule 3.18
-    Labor Matters

Schedule 3.20
-    Intellectual Property

Schedule 6.01
-    Existing Indebtedness

Schedule 6.02
-    Existing Liens

EXHIBITS
Exhibit A
-    Form of Administrative Questionnaire

Exhibit B-1
-    Form of Assignment and Acceptance

Exhibit B-2
-    Form of Affiliated Lender Notice

Exhibit C
-    Form of Borrowing Request

Exhibit D
-    Form of Guarantee and Collateral Agreement

Exhibit E
-    Form of Non-Bank Certificate

Exhibit F-1
-    Form of Trademark Security Agreement

Exhibit F-2
-    Form of Patent Security Agreement

Exhibit F-3
-    Form of Copyright Security Agreement

Exhibit G-1
-    Form of Revolving Credit Note

Exhibit G-2
-    Form of Term Loan Note

Exhibit H
-    Form of Joinder Agreement

Exhibit I
-    Form of Affiliated Lender Assignment and Assumption

Exhibit J
-    Form of Acceptance and Prepayment Notice

Exhibit K
-    Form of Discount Range Prepayment Notice

Exhibit L
-    Form of Discount Range Prepayment Offer

Exhibit M
-    Form of Solicited Discounted Prepayment Notice

Exhibit N
-    Form of Solicited Discounted Prepayment Offer

Exhibit O
-    Form of Specified Discount Prepayment Notice

Exhibit P
-    Form of Specified Discount Prepayment Response

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CREDIT AGREEMENT dated as of September 28, 2015 (this “Agreement”), among VWR
FUNDING, INC. (the “Parent Borrower”), each of the Foreign Subsidiary Borrowers
(as defined herein) party from time to time hereto (the Foreign Subsidiary
Borrowers, together with the Parent Borrower, collectively, the “Borrowers” and
each, a “Borrower”), the Lenders (as defined herein), CITIBANK, N.A., as
Administrative Agent and Collateral Agent (in each case, as defined herein) for
the Lenders, CITIBANK, N.A., BARCLAYS BANK PLC, GOLDMAN SACHS BANK USA, MERRILL
LYNCH, PIERCE, FENNER & SMITH INCORPORATED, J.P. MORGAN SECURITIES LLC and PNC
CAPITAL MARKETS LLC, as joint lead arrangers (the “Arrangers”) for the initial
Credit Facilities (as defined herein), BARCLAYS BANK PLC and GOLDMAN SACHS BANK
USA, as co-syndication agents, MIZUHO BANK, WELLS FARGO BANK, NATIONAL
ASSOCIATION and COMPASS BANK DBA BBVA COMPASS, as co-documentation agents,
SUMITOMO MITSUI BANKING CORPORATION, as senior managing agent, and TD BANK,
N.A., as managing agent. Capitalized terms used herein shall have the meanings
set forth in Article I.
RECITALS
A.    The Borrowers have requested (a) the Lenders to extend credit in the form
of (i) Tranche A Term Loans on the Closing Date in an aggregate principal amount
not in excess of $910,000,000, (ii) Tranche B Term Loans on the Closing Date in
an aggregate principal amount not in excess of €460,000,000 and (iii) Revolving
Loans at any time and from time to time prior to the Revolving Credit Maturity
Date, in an aggregate principal amount at any time outstanding not in excess of
$250,000,000, (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
$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 $70,000,000 (the
“Letter of Credit Sublimit”).
B.    The Lenders are willing to extend such credit to the Borrowers and the
Issuing Banks are willing to issue Letters of Credit for the joint and several
account of the Borrowers, in each case, 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
shall have the meanings specified below:
“ABR,” when used in reference to any Loan or Borrowing, shall refer to whether
such Loan, or the Loans comprising such Borrowing, are bearing interest at a
rate determined by reference to the Alternate Base Rate.
“Acceptable Discount” has the meaning set forth in Section 2.12(f)(iv)(2).
“Acceptable Prepayment Amount” has the meaning set forth in
Section 2.12(f)(iv)(3).
“Acceptance and Prepayment Notice” means a notice of the Borrower’s acceptance
of the Acceptable Discount in substantially the form of Exhibit J.
“Acceptance Date” has the meaning set forth in Section 2.12(f)(iv)(2).
“Acquired Indebtedness” shall mean, with respect to any specified Person,

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(a)    Indebtedness of any other Person existing at the time such other Person
is merged with or into or became a Restricted Subsidiary of such specified
Person, including Indebtedness incurred in connection with, or in contemplation
of, such other Person merging with or into or becoming a Restricted Subsidiary
of such specified Person, and
(b)    Indebtedness secured by a Lien encumbering any asset acquired by such
specified Person.
“Additional Lender” shall have the meaning assigned to such term in
Section 2.24(a).
“Additional Refinancing Lender” means, at any time, any bank, financial
institution or other institutional lender or investor (other than any such bank,
financial institution or other institutional lender or investor that is a Lender
at such time) that agrees to provide any portion of Credit Agreement Refinancing
Indebtedness pursuant to a Refinancing Amendment in accordance with
Section 2.27, provided that each Additional Refinancing Lender shall be subject
to the approval of (i) the Administrative Agent, such approval not to be
unreasonably withheld, conditioned or delayed, to the extent that each such
Additional Refinancing Lender is not then an existing Lender, an Affiliate of a
then existing Lender or an Approved Fund, (ii) the Parent Borrower, (iii) each
Issuing Bank and (iv) the Swingline Lender, in the case of clauses (i), (iii)
and (iv), only to the extent that such consent would be required under
Section 9.04(b) if the related Refinancing Term Loans, Refinancing Revolving
Credit Commitments or Refinancing Revolving Credit Loans had been obtained by
such Additional Refinancing Lender by way of assignment.
“Adjusted LIBO Rate” shall mean, (a) with respect to any Eurodollar Borrowing
for any Interest Period (other than a Borrowing of Tranche B Term Loans), an
interest rate per annum equal to the product of (i) the LIBO Rate in effect for
such Interest Period and (ii) Statutory Reserves and (b) with respect to any
Eurodollar Borrowing of Tranche B Term Loans for any Interest Period, an
interest rate per annum equal to the product of (i) the EURIBOR Rate in effect
for such Interest Period and (ii) Statutory Reserves; provided that with respect
to Tranche B Term Loans, the Adjusted LIBO Rate shall not be less than 0.75%.
“Administration Fee” shall have the meaning assigned to such term in
Section 2.05(b).
“Administrative Agent” shall mean Citibank, N.A., in its capacity as
administrative agent for the Lenders, and shall include any successor
administrative agent appointed pursuant to Article VIII.
“Administrative Agent’s Office” shall mean shall have the meaning assigned to
such term in Section 2.19.
“Administrative Questionnaire” shall mean an Administrative Questionnaire
substantially in the form of Exhibit A, or such other form as may be supplied
from time to time by the Administrative Agent.
“Affiliate” shall mean, when used with respect to a specified Person, another
Person that directly, or indirectly through one or more intermediaries,
Controls, is Controlled by or is under common Control with the Person specified;
provided, however, that no Lender (nor any of its Affiliates) shall be deemed to
be an Affiliate of the Parent Borrower or any of its subsidiaries by virtue of
its capacity as a Lender hereunder.
“Affiliated Lender” means, at any time, any Lender that is the Sponsor
(including portfolio companies of the Sponsor notwithstanding the exclusion in
the definition of “Sponsor”) or a Non-Debt Fund Affiliate, in each case, other
than Holdings, the Parent Borrower or any of its subsidiaries and other than any
Debt Fund Affiliate.

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“Affiliated Lender Assignment and Assumption” has the meaning set forth in
Section 9.04(l)(ii).
“Affiliated Lender Cap” has the meaning set forth in Section 9.04(l)(v).
“Agent-Related Persons” means the Agents, together with their respective
Affiliates, officers, directors, employees, partners, agents, advisors and other
representatives.
“Agents” shall have the meaning assigned to such term in Section 8.01(a).
“Aggregate Revolving Credit Exposure” shall mean, at any time, the aggregate
amount of the Lenders’ Revolving Credit Exposures at such time.
“Agreement” shall have the meaning assigned to such term in the preamble.
“Agreement Currency” shall have the meaning specified in Section 9.15(d).
“AHYDO Payment” means any payment required to be made under the terms of
Indebtedness in order to avoid the application of Section 163(e)(5) of the Code
to such Indebtedness, as reasonably determined by Parent Borrower.
“All-In Yield” shall mean, as to any Indebtedness, the yield thereof, whether in
the form of interest rate, margin, OID, upfront fees, any “Alternate Base Rate”
(or equivalent term) floor then in effect or a “LIBO Rate” or “EURIBOR Rate” (or
equivalent term) floor then in effect or otherwise, in each case incurred or
payable by the borrower thereunder generally to all lenders of such
Indebtedness; provided that original issue discount (“OID”) and upfront fees
shall be equated to interest rate assuming a four-year life to maturity (or, if
less, the stated life to maturity at the time of its incurrence of such
Indebtedness); provided, further, that “All-In Yield” shall not include
arrangement fees, structuring fees, commitment or facility fees and underwriting
fees or other fees not shared with all lenders providing such Indebtedness. In
calculating the All-In Yield, if on the date of incurrence of any applicable
Indebtedness (including any Incremental Term Loans), such Indebtedness includes
an interest rate floor greater than the interest rate floor applicable to the
applicable Term Loans, such differential shall be added to the interest rate
with respect to such Indebtedness for purposes of determining whether an
increase to the interest rate margin under the Term Loans shall be required (if
applicable), but only to the extent that an increase in the interest rate floor
would cause an increase to the interest rate margin then in effect with respect
to such Term Loans, solely for the purpose of determining the All-In Yield
applicable to such Indebtedness and, in such case for purposes of Section
2.24(d), the interest rate floor (but not the interest rate margin) applicable
to such Class of Term Loans shall be increased to the extent of such
differential between interest rate floors.
“Alternate Base Rate” shall mean, 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 1/2 of 1.00% and (c) the LIBO Rate for
an interest period of one month plus 1.00% (or, if such day is not a Business
Day, the immediately preceding Business Day). Any change in the Alternate Base
Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall
be effective on the effective date of such change in the Prime Rate or the
Federal Funds Effective Rate, as the case may be.
“Alternative Currency” shall mean euro, Sterling, Canadian Dollars or any other
foreign currency approved under Section 9.08(b) or, solely with respect to any
Letter of Credit issued hereunder, any other readily available foreign currency
requested by any Borrower approved by the Administrative Agent and the
applicable Issuing Bank.
“Alternative Currency Sublimit” shall have the meaning assigned to such term in
Section 2.01(c).

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“Anti-Corruption Laws” shall mean all laws, rules and regulations of any
jurisdiction applicable to the Parent Borrower and its subsidiaries from time to
time concerning or relating to bribery or corruption (including the United
States Foreign Corrupt Practices Act of 1977, as amended) administered or
enforced by any Governmental Authority having jurisdiction over the Parent
Borrower or any subsidiary.
“Applicable Discount” has the meaning set forth in Section 2.12(f)(iii)(2).
“Applicable Percentage” shall mean, for any day:
(a)    with respect to any Tranche A Term Loan, (i) until the delivery of the
financial statements for the fiscal year ending December 31, 2015 pursuant to
Section 5.04(a), with respect to any Tranche A Term Loan that is a Eurodollar
Loan, 2.00% and with respect to any Tranche A Term Loan that is an ABR Loan,
1.00%, and (ii) thereafter, the following percentages per annum set forth below
under the caption “Applicable Percentage Eurodollar Loan” or “Applicable
Percentage ABR Loan” as the case may be, based upon the First Lien Net Leverage
Ratio as set forth in the most recent Pricing Certificate received by the
Administrative Agent pursuant to Section 5.04(c):
First Lien Net
Leverage Ratio
Applicable Percentage Eurodollar Loan
Applicable Percentage ABR Loan
Category 1
Greater than or equal to 2.50 to 1.00
2.00%
1.00%
Category 2
Less than 2.50 to 1.00 but Greater than or equal to 1.50 to 1.00
1.75%
0.75%
Category 3
Less than 1.50 to 1.00
1.50%
0.50%

(b)    with respect to any Tranche B Term Loan, 3.25%, and
(c)    with respect to any Swingline Loan or Revolving Loan, (i) until the
delivery of the financial statements for the fiscal year ending December 31,
2015 pursuant to Section 5.04(a),
(1) with respect to any Swingline Loan under the Revolving Credit Commitments,
1.00%,
(2) with respect to any Revolving Loan that is a Eurodollar Loan or a BA Rate
Loan, 2.00%, and
(3) with respect to any Revolving Loan that is an ABR Loan or a Canadian Base
Rate Loan, 1.00%, and (ii) thereafter, the following percentages per annum set
forth below under the caption “Applicable Percentage Eurodollar Loan/BA Rate
Loan” or “Applicable Percentage ABR Loan/Canadian Base Rate Loan/Swingline Loan”
as the case may be , based upon the First Lien Net Leverage Ratio as set forth
in the most recent Pricing Certificate received by the Administrative Agent
pursuant to Section 5.04(c):  

First Lien Net
Leverage Ratio
Applicable Percentage Eurodollar Loan/BA Rate Loan
Applicable Percentage ABR Loan/Canadian Base Rate Loan/Swingline Loan
Category 1
Greater than or equal to 2.50 to 1.00
2.00%
1.00%

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First Lien Net
Leverage Ratio
Applicable Percentage Eurodollar Loan/BA Rate Loan
Applicable Percentage ABR Loan/Canadian Base Rate Loan/Swingline Loan
Category 2
Less than 2.50 to 1.00 but Greater than or equal to 1.50 to 1.00
1.75%
0.75%
Category 3
Less than 1.50 to 1.00
1.50%
0.50%

(d)    with respect to the Commitment Fee under the Revolving Credit
Commitments, the applicable percentage per annum set forth below under the
caption “Fee Percentage,” as the case may be (based upon the First Lien Net
Leverage Ratio as set forth in the most recent Pricing Certificate received by
the Administrative Agent pursuant to Section 5.04(c)):
First Lien Net
Leverage Ratio
Fee Percentage
Category 1
Greater than or equal to 3.00 to 1.00
0.50%
Category 2
Less than 3.00 to 1.00
0.375%

In respect of clauses (a), (c) and (d) of this definition, each change in the
Applicable Percentage resulting from a change in the First Lien Net Leverage
Ratio shall be effective on and after the date of delivery to the Administrative
Agent of the Section 5.04 Financials and a Pricing Certificate indicating such
change until and including the date immediately preceding the next date of
delivery of such financial statements and the related Pricing Certificate
indicating another such change. Notwithstanding the foregoing, until the Parent
Borrower shall have delivered the Section 5.04 Financials and the related
Pricing Certificate covering a period that includes the first fiscal quarter of
the Parent Borrower ended after the Closing Date, the First Lien Net Leverage
Ratio shall be deemed to be in Category 1 for purposes of determining the
Applicable Percentage. In addition, at the option of the Administrative Agent
and the Required Lenders, (x) at any time during which the Parent Borrower has
failed to deliver the Section 5.04 Financials or the related Pricing Certificate
by the date required thereunder or (y) at any time after the occurrence and
during the continuance of an Event of Default, then the First Lien Net Leverage
Ratio shall be deemed to be in the then-existing Category for the purposes of
determining the Applicable Percentage (but only for so long as such failure or
Event of Default continues, after which the Category shall be otherwise as
determined as set forth above).
Notwithstanding the foregoing, (v) the Applicable Percentage in respect of any
Class of Extended Revolving Credit Commitments or any Class of Extended Term
Loans or Revolving Loans made pursuant to any Extended Revolving Credit
Commitments shall be the applicable percentages per annum set forth in the
relevant Extension Offer, (w) the Applicable Percentage in respect of any Class
of Incremental Term Loans shall be the percentages per annum set forth in the
relevant Incremental Amendment, (x) the Applicable Percentage in respect of any
loans made under any Class of Incremental Revolving Credit Commitment shall be
the percentages per annum set forth in the relevant Incremental Amendment, (y)
the Applicable Percentage in respect of any Class of Refinancing Revolving
Credit Commitments or any Class of Refinancing Term Loans or Refinancing
Revolving Credit Loans made pursuant to any Refi-

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nancing Revolving Credit Commitments shall be the applicable percentages per
annum set forth in the relevant Refinancing Amendment and (z) the Applicable
Percentage in respect of any Class of Replacement Term Loans shall be the
applicable percentages per annum set forth in the relevant amendment pursuant to
Section 9.08(d).
“Appropriate Lender” shall mean, at any time, (a) with respect to Loans of any
Class, the Lenders of such Class, (b) with respect to Letters of Credit, (i) the
relevant Issuing Bank and (ii) the Revolving Credit Lenders and (c) with respect
to Swingline Loans, (i) the Swingline Lender and (ii) if any Swingline Loans are
outstanding, the Revolving Credit Lenders.
“Approved Fund” shall mean, any Fund 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” shall have the meaning assigned to such term in the preamble.
“Assignment and Acceptance” shall mean an assignment and acceptance entered into
by a Lender and an assignee, and accepted by the Administrative Agent and, to
the extent required by Section 9.04(b), consented to by the Parent Borrower,
substantially in the form of Exhibit B-1 or such other form as shall be
reasonably approved by the Administrative Agent.
“Auction Agent” means (a) the Administrative Agent or (b) any other financial
institution or advisor employed by the Parent Borrower (whether or not an
Affiliate of the Administrative Agent) to act as an arranger in connection with
any Discounted Term Loan Prepayment pursuant to Section 2.12(f); provided that
the Parent Borrower shall not designate the Administrative Agent as the Auction
Agent without the written consent of the Administrative Agent (it being
understood that the Administrative Agent shall be under no obligation to agree
to act as the Auction Agent).
“Auto-Renewal Letter of Credit” shall have the meaning assigned to such term in
Section 2.23(c).
“BA Interest Period” shall mean, relative to any BA Rate Loan, the period
beginning on (and including) the date on which such BA Rate Loan is made or
continued to (but excluding) the date which is one, two or three months
thereafter, as selected by the Parent Borrower; provided, that if any BA
Interest Period would end on a day other than a Business Day, such BA 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 BA Interest Period shall end on the next preceding Business Day.
“BA Rate” shall mean for the relevant interest period, the Canadian deposit
offered rate which, in turn means, on any day, the annual rate of interest
determined with 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 and, if such day is not a
Business Day, then on the immediately preceding Business Day (as adjusted by the
Administrative 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 to the extent such market practice is not administratively
feasible for the Administrative Agent, the BA Rate shall be applied in a manner
as otherwise reasonably determined by the Administrative Agent; provided,
further, that in no event shall the BA Rate be less than 0%.
“BA Rate Loan” shall mean a loan that bears interest at the BA Rate.

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“Board” shall mean the Board of Governors of the Federal Reserve System of the
United States of America.
“Borrower Materials” shall have the meaning assigned to such term in Section
5.04.
“Borrower Offer of Specified Discount Prepayment” means the offer by any Company
Party to make a voluntary prepayment of Term Loans at a Specified Discount to
par pursuant to Section 2.12(f)(ii).
“Borrower Solicitation of Discount Range Prepayment Offers” means the
solicitation by any Company Party of offers for, and the corresponding
acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified
range of discounts to par pursuant to Section 2.12(f)(iii).
“Borrower Solicitation of Discounted Prepayment Offers” means the solicitation
by any Company Party of offers for, and the subsequent acceptance, if any, by a
Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to
Section 2.12(f)(iv).
“Borrowers” shall have the meaning assigned to such term in the preamble.
“Borrowing” shall mean (a)  Loans of the same Class and Type made, converted or
continued on the same date and, in the case of Eurodollar Loans or BA Rate
Loans, as to which a single Interest Period is in effect, or (b) a Swingline
Loan.
“Borrowing Request” shall mean a request by a Borrower in accordance with the
terms of Section 2.03 and substantially in the form of Exhibit C, or such other
form as shall be approved by the Administrative Agent.
“Breakage Event” shall have the meaning assigned to such term in Section 2.16.
“Business Day” shall mean any day other than a Saturday, Sunday or day on which
banks in New York City are generally authorized or required by law to close;
provided, however:
(a)    if such day relates to any interest rate settings as to a Eurodollar Loan
denominated in dollars, any fundings, disbursements, settlements and payments in
dollars in respect of any such Eurodollar Loan, or any other dealings in dollars
to be carried out pursuant to this Agreement in respect of any such Eurodollar
Loan, such day shall be a day on which dealings in deposits in dollars are
conducted by and between banks in the London interbank eurodollar market;
(b)    if such day relates to any interest rate settings as to a Eurodollar Loan
denominated in euro, any fundings, disbursements, settlements and payments in
euro in respect of any such Eurodollar Loan, or any other dealings in euro to be
carried out pursuant to this Agreement in respect of any such Eurodollar Loan,
such day shall be a TARGET Day;
(c)    if such day relates to any interest rate settings as to a Eurodollar Loan
denominated in Sterling, such day shall be a day on which dealings in deposits
in Sterling are conducted by and between banks in the London interbank market;
(d)    if such day relates to any fundings, disbursements, settlements and
payments in Sterling in respect of a Eurodollar Loan denominated in Sterling, or
any other dealings in Sterling to be carried out pursuant to this Agreement in
respect of any such Eurodollar Loan (other than

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any interest rate settings), such day shall be a day on which banks are open for
foreign exchange business in London;
(e)    if such day relates to any setting of the BA Rate or the Canadian Base
Rate, such day shall be a day on which banks are open for business in Toronto;
and
(f)    if such day relates to any fundings, disbursements, settlements and
payments in an Alternative Currency (other than those specified above) in
respect of a Eurodollar Loan denominated in such Alternative Currency, or any
other dealings in such Alternative Currency to be carried out pursuant to this
Agreement in respect of any such Eurodollar Loan (other than any interest rate
settings), such day shall be a day on which banks are open for foreign exchange
business in London, New York and the principal financial center of such
Alternative Currency as set forth on Schedule A.
“Canadian Base Rate” shall mean, for any day, a rate per annum equal to the
greater of (a) the Canadian Prime Rate in effect on such day and (b) the sum of
(i) the BA Rate for a one month interest period beginning on such date and (ii)
1.00%. Any change in the Canadian Base Rate due to a change in the Canadian
Prime Rate or the BA Rate shall be effective (without notice) from and including
the effective date of such change in the Canadian Prime Rate or the BA Rate,
respectively.
“Canadian Base Rate Borrowing” shall mean a Borrowing of any Canadian Base Rate
Loans.
“Canadian Base Rate Loan” shall mean a Loan that bears interest based on the
Canadian Base Rate.
“Canadian Dollar” and “C$” shall each mean the lawful currency of Canada.
“Canadian Prime Rate” shall mean the rate of interest per annum publicly
announced from time to time by the Administrative Agent as its reference rate of
interest then in effect for determining interest rates on Canadian Dollar
commercial loans made by it to its prime commercial customers in Canada; each
change in the Canadian Prime Rate shall be effective from and including the date
such change is publicly announced as being effective. Such rate is set by the
Administrative Agent as a general reference rate of interest, taking into
account such factors as the Administrative Agent may deem appropriate; it being
understood that (x) many of the Administrative Agent’s commercial or other loans
are priced in relation to such rate, (y) it is not necessarily the lowest or
best rate actually charged to any customer and (z) the Administrative Agent may
make various commercial or other loans at rates of interest having no
relationship to such rate; provided that if the Canadian Prime Rate is less than
zero, such rate shall be deemed to be zero for purposes of this Agreement.
“Capital Expenditures” shall mean, as to any Person for any period, the
additions to property, plant and equipment and other capital expenditures of
such Person and its subsidiaries that are (or should be) set forth in a
consolidated statement of cash flows of the such Person.
“Capital Stock” shall mean:
(a)    in the case of a corporation, corporate stock;
(b)    in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of
corporate stock;

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(c)    in the case of a partnership or limited liability company, partnership or
membership interests (whether general or limited); and
(d)    any other interest or participation that confers on a Person the right to
receive a share of the profits and losses of, or distributions of assets of, the
issuing Person.
“Capitalized Lease Obligations” shall mean, as to any Person, at the time any
determination thereof is to be made, the amount of the liability in respect of a
capital lease that would at such time be required to be capitalized and
reflected as a liability on a balance sheet (excluding the footnotes thereto) of
such Person in accordance with GAAP (except for temporary treatment of
construction-related expenditures under EITF 97-10, “The Effect of Lessee
Involvement in Asset Construction”, which will ultimately be treated as
operating leases upon a Sale and Lease-Back Transaction).
“Cash Collateral” has the meaning set forth in Section 2.26(c).
“Cash Collateralize” has the meaning set forth in Section 2.26(c).
“Cash Equivalents” shall mean:
(a)    dollars;
(b)    (i) Sterling, Singapore Dollars, Swedish Kroner, Canadian Dollars, euro,
or any national currency of any participating member state of the EMU; or
(ii)    in the case of the Parent Borrower or a Restricted Subsidiary, such
local currencies held by them from time to time in the ordinary course of
business;
(c)    securities issued or directly and fully and unconditionally guaranteed or
insured by the U.S. government or any agency or instrumentality thereof the
securities of which are unconditionally guaranteed as a full faith and credit
obligation of such government with maturities of 24 months or less from the date
of acquisition;
(d)    certificates of deposit, time deposits and eurodollar time deposits with
maturities of one year or less from the date of acquisition, bankers’
acceptances with maturities not exceeding one year and overnight bank deposits,
in each case with (i) any Revolving Credit Lender or an Affiliate thereof or
(ii) any commercial bank having capital and surplus of not less than
$250,000,000 in the case of U.S. banks and $100,000,000 (or the U.S. dollar
equivalent as of the date of determination) in the case of non-U.S. banks;
(e)    repurchase obligations for underlying securities of the types described
in clauses (c), (d) and (g) entered into with any financial institution meeting
the qualifications specified in clause (d) above;
(f)    commercial paper rated at least P‑2 by Moody’s or at least A‑2 by S&P and
in each case maturing within 24 months after the date of creation thereof;
(g)    marketable short-term money market and similar securities having a rating
of at least P‑2 or A‑2 from either Moody’s or S&P, respectively (or, if at any
time neither Moody’s nor S&P shall be rating such obligations, an equivalent
rating from another Rating Agency) and in each case maturing within 24 months
after the date of creation thereof;

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(h)    investment funds investing 95% of their assets in securities of the types
described in clauses (a) through (g) above;
(i)    readily marketable direct obligations issued by any state, commonwealth
or territory of the United States or any political subdivision or taxing
authority thereof having an Investment Grade Rating from either Moody’s or S&P
with maturities of 24 months or less from the date of acquisition;
(j)    Indebtedness or Preferred Stock issued by Persons with a rating of “A” or
higher from S&P or “A2” or higher from Moody’s with maturities of 24 months or
less from the date of acquisition;
(k)    Investments with average maturities of 12 months or less from the date of
acquisition in money market funds rated A‑ (or the equivalent thereof) or better
by S&P or A3 (or the equivalent thereof) or better by Moody’s;
(l)    shares of investment companies that are registered under the Investment
Company Act of 1940 and substantially all the investments of which are one or
more of the types of securities described in clauses (a) through (k) above; and
(m)    in the case of any Foreign Subsidiary, investments of comparable tenure
and credit quality to those described in the foregoing clauses (a) through (l)
or other high quality short term in-vestments, in each case, customarily
utilized in countries in which such Foreign Subsidiary operates for short term
cash management purposes.
Notwithstanding the foregoing, Cash Equivalents shall include amounts
denominated in currencies other than those set forth in clauses (a) and (b)
above, provided that such amounts are converted into any currency listed in
clauses (a) and (b) as promptly as practicable and in any event within ten
Business Days following the receipt of such amounts.
“Cash Management Obligations” shall have the meaning assigned to such term in
the Guarantee and Collateral Agreement.
“Cash Pooling Arrangements” shall mean a deposit account arrangement among a
single depository institution, the Parent Borrower and one or more Foreign
Subsidiaries involving the pooling of cash deposits in and overdrafts in respect
of one or more deposit accounts (each located outside of the United States and
any States and territories thereof) with such institution by the Parent Borrower
and such Foreign Subsidiaries for cash management purposes.
“CFC” shall mean a Foreign Subsidiary of the Parent Borrower that is a
controlled foreign corporation within the meaning of Section 957 of the Code.
“CFC Holdco” shall mean a Domestic Subsidiary of the Parent Borrower
substantially all the assets of which are Capital Stock (or Capital Stock and
Indebtedness) of one or more CFCs.
“Change in Law” shall mean the occurrence, after the date of this Agreement, of
any of the following: (a) the adoption or taking effect of any law, rule,
regulation or treaty, (b) any change in any law, rule, regulation or treaty or
in the administration, interpretation, implementation or application thereof by
any Governmental Authority or (c) the making or issuance of any request, rule,
guideline or directive (whether or not having the force of law) by any
Governmental Authority; provided that notwithstanding anything herein to the
contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and

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all requests, rules, guidelines or directives thereunder or issued in connection
therewith and (y) 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 or issued.
A “Change of Control” shall be deemed to have occurred if:
(a)    the Permitted Investors cease to have the power, directly or indirectly,
to vote or direct the voting of Equity Interests of the Parent Borrower
representing a majority of the ordinary voting power for the election of
directors (or equivalent governing body) of the Parent Borrower; provided that
the occurrence of the foregoing event shall not be deemed a Change of Control if
no “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of
the Securities Exchange Act of 1934, but excluding (w) any underwriters in
connection with any Equity Offering, (x) any combination of Permitted Investors
and (y) any employee benefit plan of such Person and its subsidiaries, and any
Person or entity acting in its capacity as trustee, agent or other fiduciary or
administrator of any such plan), shall become the “beneficial owner” (as defined
in Rules 13(d)-3 and 13(d)-5 under such Act), directly or indirectly, of more
than the greater of (x) 35% of outstanding Equity Interests of the Parent
Borrower having ordinary voting power and (y) the percentage of the then
outstanding Equity Interests of the Parent Borrower having ordinary voting power
owned, directly or indirectly, beneficially and of record by the Permitted
Investors; or
(b)    any change in control (or similar event, however denominated) with
respect to the Parent Borrower or any Restricted Subsidiary shall occur under
and as defined in the Existing Senior Notes Documentation to the extent the
Existing Senior Notes constitute Material Indebtedness of the Parent Borrower or
any Restricted Subsidiary or any other Indebtedness for borrowed money that
constitutes Material Indebtedness of the Parent Borrower or any Restricted
Subsidiary; or
(c)    Holdings shall directly or indirectly own, beneficially and of record,
less than 100% of the issued and outstanding Equity Interests of the Parent
Borrower; or
(d)    at any time when any Obligations (other than contingent obligations for
unasserted claims) of a Foreign Subsidiary Borrower remain outstanding, such
Foreign Subsidiary Borrower ceasing to be a direct or indirect Restricted
Subsidiary of the Parent Borrower (unless a Borrower or a Guarantor shall
expressly have assumed all the Obligations of such Foreign Subsidiary Borrower
under this Agreement and the other Loan Documents to which such Foreign
Subsidiary Borrower is a party).
“Charges” shall have the meaning assigned to such term in Section 9.09.
“Class” (a) when used with respect to any Lender, refers to whether such Lender
has a Loan or Commitment with respect to a particular Class of Loans or
Commitments, (b) when used with respect to Commitments, refers to whether such
Commitments are Revolving Credit Commitments, any Class of Extended Revolving
Credit Commitments, any Class of Incremental Revolving Credit Commitments,
Refinancing Revolving Credit Commitments of a given Refinancing Series, Tranche
A Term Loan Commitments, Tranche B Term Loan Commitments, any Class of
Commitments in respect of Incremental Term Loans, Refinancing Term Commitments
of a given Refinancing Series, Commitments in respect of any Class of
Replacement Term Loans or the Swingline Commitment and (c) when used with
respect to Loans or a Borrowing, refers to whether such Loans, or the Loans
comprising such Borrowing, are Re-

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volving Loans, Extended Revolving Loans under any Class of Extended Revolving
Credit Commitments, Incremental Revolving Loans, Revolving Loans under
Refinancing Revolving Credit Commitments of a given Refinancing Series, Tranche
A Term Loans, Tranche B Term Loans, any Class of Extended Term Loans, any Class
of Incremental Term Loans, Refinancing Term Loans of a given Refinancing Series
or any Class of Replacement Term Loans. Revolving Loans, Extended Revolving
Loans under any Class of Extended Revolving Credit Commitments, any Class of
Incremental Revolving Loans, Revolving Loans under Refinancing Revolving Credit
Commitments of a given Refinancing Series, Tranche A Term Loans, Tranche B Term
Loans, any Class of Extended Term Loans, any Class of Incremental Term Loans,
Refinancing Term Loans of a given Refinancing Series or any Class of Replacement
Term Loans (together with the respective Commitments in respect thereof) or
Swingline Loans shall, at the election of the Parent Borrower, be construed to
be in different Classes; provided that any Credit Increase effected as a Term
Loan Increase or a Revolving Commitment Increase to any existing Class of Term
Loans or Revolving Loans, respectively, and such existing Class of Term Loans or
Revolving Loans, as applicable, shall in all events be part of the same Class.
“Closing Date” shall mean September 28, 2015.
“Code” shall mean the Internal Revenue Code of 1986, as amended.
“Collateral” shall mean all property and assets of the Loan Parties, now owned
or hereafter acquired, upon which a Lien is or is purported to be created to
secure any Secured Obligations.
“Collateral Agent” shall mean Citibank, N.A., in its capacity as collateral
agent for the Secured Parties, and shall include any successor collateral agent
appointed pursuant to Article VIII.
“Commitment Fee” shall have the meaning assigned to such term in
Section 2.05(a).
“Commitments” shall mean the Revolving Credit Commitments, any Class of Extended
Revolving Credit Commitments, any Class of Incremental Revolving Credit
Commitments, Refinancing Revolving Credit Commitments of a given Refinancing
Series, Tranche A Term Loan Commitments, Tranche B Term Loan Commitments, any
Class of Commitments in respect of Incremental Term Loans, Refinancing Term
Commitments of a given Refinancing Series, Commitments in respect of any Class
of Replacement Term Loans and the Swingline Commitment.
“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et
seq.), as amended from time to time, and any successor statute.
“Company Parties” means the collective reference to Holdings and its Restricted
Subsidiaries, including the Borrowers, and “Company Party” means any one of
them.
“Consolidated” or “consolidated” with respect to any Person, unless otherwise
specifically indicated, shall refer to such Person consolidated with the Parent
Borrower and its Restricted Subsidiaries.
“Consolidated Depreciation and Amortization Expense” shall mean, with respect to
any Person, for any period, the total amount of depreciation and amortization
expense, including the amortization of deferred financing fees and amortization
of unrecognized prior service costs and actuarial gains and losses related to
pensions and other post-employment benefits and amortization of other non-cash
charges, of such Person and its Restricted Subsidiaries for such period on a
consolidated basis and otherwise determined in accordance with GAAP.

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“Consolidated Indebtedness” shall mean, as of any date of determination, the
sum, without duplication, of (a) the total amount of Indebtedness under clauses
(a)(i), (a)(ii), (a)(iii) (but, in the case of clause (iii), only to the extent
of any unreimbursed drawings thereunder and, in the case of commercial letters
of credit, only if such unreimbursed amount has not been paid within three
Business Days after such amount is drawn) and (a)(iv) of the definition thereof
of the Parent Borrower and its Restricted Subsidiaries, plus (b) the greater of
the aggregate liquidation value and maximum fixed repurchase price without
regard to any change of control or redemption premiums of all Disqualified Stock
of the Parent Borrower and the Restricted Guarantors, in each case, as
determined on a consolidated basis in accordance with GAAP.
“Consolidated Interest Expense” shall mean, with respect to any Person for any
period, without duplication, the sum of:
(a)    consolidated interest expense of such Person and its Restricted
Subsidiaries for such period, to the extent such expense was deducted (and not
added back) in computing Consolidated Net Income (including (i) amortization of
original issue discount resulting from the issuance of Indebtedness at less than
par, (ii) all commissions, discounts and other fees and charges owed with
respect to letters of credit, bank guarantees or bankers acceptances,
(iii) non-cash interest expense (but excluding any non-cash interest expense
attributable to the movement in the mark to market valuation of Hedging
Obligations or other derivative instruments pursuant to GAAP), (iv) the interest
component of Capitalized Lease Obligations, (v) net payments, if any, pursuant
to interest rate Hedging Obligations with respect to Indebtedness, (vi) net
losses on Hedging Obligations or other derivative instruments entered into for
the purpose of hedging interest rate risk and (vii) costs of surety bonds in
connection with financing activities and excluding (x) amortization of deferred
financing fees, debt issuance costs, commissions, fees and expenses, (y) any
expensing of bridge, commitment and other financing fees and (z) commissions,
discounts, yield and other fees and charges (including any interest expense)
related to any Receivables Facility); plus
(b)    consolidated capitalized interest of such Person and its Restricted
Subsidiaries for such period, whether paid or accrued; less
(c)    interest income of such Person and its Restricted Subsidiaries for such
period.
For purposes of this definition, interest on a Capitalized Lease Obligation
shall be deemed to accrue at an interest rate reasonably determined by the
Parent Borrower to be the rate of interest implicit in such Capitalized Lease
Obligation in accordance with GAAP.
“Consolidated Net Income” shall mean, with respect to any Person for any period,
the net income (loss) of such Person and its Restricted Subsidiaries for such
period, determined on a consolidated basis in accordance with GAAP and before
any reduction in respect of Preferred Stock dividends; provided, however, that
(without duplication),
(a)    the net income for such period of any Person that is not a subsidiary, or
is an Unrestricted Subsidiary, or that is accounted for by the equity method of
accounting, shall be excluded; provided that Consolidated Net Income of such
Person shall be increased by the amount of dividends or distributions or other
payments that are actually paid in cash (or to the extent converted into cash)
to such Person or a subsidiary thereof that is the Parent Borrower or a
Restricted Subsidiary in respect of such period, and

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(b)    solely for the purpose of determining the amount available under
paragraph (b) of the definition of “Restricted Payment Applicable Amount,” the
net income for such period of any Restricted Subsidiary (other than any
Guarantor) shall be excluded to the extent the declaration or payment of
dividends or similar distributions by that Restricted Subsidiary of its net
income is not at the date of determination permitted without any prior
governmental approval (which has not been obtained) or, directly or indirectly,
by the operation of the terms of its charter or any agreement, instrument,
judgment, decree, order, statute, rule, or governmental regulation applicable to
that Restricted Subsidiary or its stockholders, unless such restriction with
respect to the payment of dividends or similar distributions has been legally
waived, provided that Consolidated Net Income of the Parent Borrower will be
increased by the amount of dividends or other distributions or other payments
actually paid in cash (or to the extent converted into cash) to the Parent
Borrower or a Restricted Subsidiary thereof in respect of such period, to the
extent not already included therein.
Notwithstanding the foregoing, for the purpose of Section 6.03 only (other than
paragraph (c) of the definition of “Restricted Payment Applicable Amount”),
there shall be excluded from Consolidated Net Income any income arising from any
sale or other disposition of Restricted Investments made by the Parent Borrower
and its Restricted Subsidiaries, any repurchases and redemptions of Restricted
Investments from the Parent Borrower and its Restricted Subsidiaries, any
repayments of loans and advances which constitute Restricted Investments by the
Parent Borrower or any of its Restricted Subsidiaries, any sale of the stock of
an Unrestricted Subsidiary or any distribution or dividend from an Unrestricted
Subsidiary, in each case only to the extent such amounts increase the amount of
Restricted Payments permitted under paragraph (d) of the definition of
“Restricted Payment Applicable Amount.”
“Contingent Obligations” shall mean, with respect to any Person, any obligation
of such Person guaranteeing or having the economic effect of guaranteeing any
leases, dividends or other obligations that, in each case, do not constitute
Indebtedness (“primary obligations”) of any other Person (the “primary obligor”)
in any manner, whether directly or indirectly, including, without limitation,
any obligation of such Person, whether or not contingent,
(a)    to purchase any such primary obligation or any property constituting
direct or indirect security therefor, or
(b)    to advance or supply funds
(i)    for the purchase of payment of any such primary obligation, or
(ii)    to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, or
(c)    to purchase property, securities or services primarily for the purpose of
assuring the owner of any such primary obligation of the ability of the
primarily obligor to make payment of such primary obligation against loss in
respect thereof, or
(d)    as an account party in respect of any letter of credit, letter of
guaranty or bankers’ acceptance.
“Control” shall mean 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 ownership of voting securities, by contract or otherwise, and the
terms “Controlling” and “Controlled” shall have meanings correlative thereto.

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“Credit Agreement Refinancing Indebtedness” means (a) Permitted First Priority
Refinancing Debt, (b) Permitted Junior Priority Refinancing Debt, (c) Permitted
Unsecured Refinancing Debt or (d) other Indebtedness of the Parent Borrower
incurred hereunder, in each case, issued, incurred or otherwise obtained
(including by means of the extension or renewal of existing Indebtedness) in
exchange for, or to extend, renew, replace, repurchase, retire or refinance, in
whole or part, any Class of existing Term Loans or any Class of existing
Revolving Loans (or unused Revolving Credit Commitments), or any then-existing
Credit Agreement Refinancing Indebtedness (the “Refinanced Debt”); provided that
with respect to each of the foregoing clauses (a) through (d), (i) except in the
case of any such Indebtedness in the form of a bridge loan intended to be
refinanced with a securities offering the maturity date of which provides for an
automatic extension of the maturity date thereof, subject to customary
conditions, to a date that is not earlier than the maturity date of such
Refinanced Debt, such Indebtedness shall have a maturity no earlier, and a
Weighted Average Life to Maturity equal to or greater, than the Refinanced Debt;
(ii) such Indebtedness shall not have a greater principal amount than the
principal amount of the Refinanced Debt plus an amount equal to the aggregate
unused commitments cancelled in connection therewith, plus accrued interest,
fees, premiums (if any) and penalties thereon and fees and expenses associated
with the Refinancing; provided that nothing in this clause (ii) shall limit the
ability of the Parent Borrower to incur additional Indebtedness concurrently as
part of the issuance or incurrence of such Indebtedness so long as such
additional Indebtedness is otherwise permitted pursuant to the terms of this
Agreement, (iii) such Indebtedness shall not have the benefit of a financial
maintenance covenant unless (x) the Loans or the Commitments hereunder being
Refinanced, as applicable, have the benefit of such financial maintenance
covenant on the same terms, (y) the Loans or the Commitments hereunder being
Refinanced, as applicable, shall have in the future been provided with the
benefit of a financial maintenance covenant, in which case such Credit Agreement
Refinancing Indebtedness issued after such future date may be provided with the
benefit of the same financial maintenance covenant on the same terms or (z) such
financial maintenance covenant is only applicable after the then latest
Revolving Credit Maturity Date or Term Loan Maturity Date applicable to the
Loans or Commitments hereunder being Refinanced, (iv) the All-In Yield with
respect to such Credit Agreement Refinancing Indebtedness shall be determined by
the Parent Borrower and the lenders providing such Credit Agreement Refinancing
Indebtedness, (v) except as provided for in preceding clauses (i), (ii), (iii)
and (iv), optional prepayment or redemption terms shall be determined by the
Parent Borrower and the other terms and conditions of such Indebtedness shall
reflect market terms and conditions (as reasonably determined by the Parent
Borrower) at the time of incurrence or issuance of such Credit Agreement
Refinancing Indebtedness, (vi) such Refinanced Debt shall be repaid,
repurchased, retired, defeased or satisfied and discharged, and all accrued
interest, fees, premiums (if any) and penalties in connection therewith shall be
paid substantially simultaneously with the issuance, incurrence or obtaining of
such Credit Agreement Refinancing Indebtedness (or in any event not later than
one Business Day following the date such Credit Agreement Refinancing
Indebtedness is issued, incurred or obtained), (vii) such Indebtedness is not at
any time guaranteed by any Person that is not a Guarantor and (viii) to the
extent secured, such Indebtedness is not secured by property or assets of
Holdings, the Parent Borrower or any Restricted Subsidiary other than the
Collateral, except to the extent permitted by the applicable intercreditor
agreement.
“Credit Event” shall have the meaning assigned to such term in Section 4.01.
“Credit Facilities” shall mean the revolving credit, swingline and letter of
credit facilities, the term loan A facility and the term loan B facility, in
each case contemplated by Section 2.01, the incremental facilities, if any,
contemplated by Section 2.24, any extension facilities contemplated by Section
2.25, any refinancing facilities contemplated by Section 2.27 and any
replacement term loan facilities contemplated by Section 9.08(d).
“Credit Increase” shall have the meaning assigned to such term in
Section 2.24(a).

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“Cure Amount” shall have the meaning assigned to such term in Section 7.02(a).
“Cure Period” shall have the meaning assigned to such term in Section 7.02(a).
“Current Assets” shall mean, at any time, (a) the consolidated current assets
(other than cash and Cash Equivalents) of the Parent Borrower and its Restricted
Subsidiaries that would, in accordance with GAAP, be classified on a
consolidated balance sheet of the Parent Borrower and its Restricted
Subsidiaries as current assets at such date of determination, other than (i)
amounts related to current or deferred Taxes based on income or profits, (ii)
assets held for sale, (iii) loans (permitted) to third parties, (iv) pension
assets, (v) deferred bank fees and (vi) derivative financial instruments and
(b) in the event that a Receivables Facility is accounted for off-balance sheet,
(x) gross accounts receivable comprising part of the assets subject to such
Receivables Facility less (y) collections against the amounts sold pursuant to
clause (x).
“Current Liabilities” shall mean, at any time, the consolidated current
liabilities of the Parent Borrower and its Restricted Subsidiaries that would,
in accordance with GAAP, be classified on a consolidated balance sheet of the
Parent Borrower and its Restricted Subsidiaries as current liabilities at such
date of determination, but excluding, without duplication, (a) the current
portion of any long-term Indebtedness, (b) outstanding Revolving Loans, L/C
Exposure and Swingline Loans, (c) accruals of consolidated interest expense
(excluding consolidated interest expense that is due and unpaid), (d) accruals
for current or deferred Taxes based on income or profits, (e) accruals of any
costs or expenses related to restructuring reserves to the extent permitted to
be included in the calculation of EBITDA pursuant to clause (a)(v) thereof and
(f) the current portion of pension liabilities.
“Debt Fund Affiliate” means (a) any Affiliate of Holdings or the Sponsor
(including, in the case of the Sponsor, any bona fide debt fund advised or
managed by Symphony Asset Management, LLC or any of its Affiliates, any funds or
partnerships managed or advised by any of them or any of their respective
Affiliates) (other than a natural person) that is primarily engaged in, or
advises funds or other investment vehicles that are engaged in, making,
purchasing, holding or otherwise investing in commercial loans, bonds and
similar extensions of credit in the ordinary course and (i) whose managers have
fiduciary duties to the third-party investors in such fund or investment vehicle
independent of their duties to Holdings or the Sponsor and (ii) with respect to
which the Sponsor does not, directly or indirectly, possess the power to direct
or cause the direction of the investments or investment policies of such entity
and (b) for purposes of the definition of Disqualified Institution, any
Affiliate of the applicable specified financial institution or competitor (other
than a natural person) that is primarily engaged in, or advises funds or other
investment vehicles that are engaged in, making, purchasing, holding or
otherwise investing in commercial loans, bonds and similar extensions of credit
in the ordinary course and (i) whose managers have fiduciary duties to the
third-party investors in such fund or investment vehicle independent of their
duties to such specified financial institution or competitor and (ii) with
respect to which such financial institution or competitor does not, directly or
indirectly, possess the power to direct or cause the direction of the
investments or investment policies of such entity.
“Default” shall mean any event or condition which constitutes an Event of
Default or which with the giving of any notice, the passage of time, or both, in
each case, as set forth in this Agreement, without cure or waiver hereunder,
would constitute an Event of Default.
“Defaulting Lender” shall mean, subject to Section 2.26, any Lender whose act or
failure to act, whether directly or indirectly, causes it to meet any part of
the definition of “Lender Default.”
“Designated Jurisdiction” means any country or territory to the extent that such
country or territory itself is the subject of country or territory-wide
Sanctions, in each case identified on the list maintained

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by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/programs,
or as otherwise published from time to time.
“Designated Non-Cash Consideration” shall mean the fair market value of non-cash
consideration received by the Parent Borrower or a Restricted Subsidiary in
connection with a Disposition that is so designated as Designated Non-Cash
Consideration pursuant to an Officer’s Certificate, setting forth the basis of
such valuation, executed by a Responsible Officer of the Parent Borrower, less
the amount of cash or Cash Equivalents received in connection with a subsequent
sale of or collection on such Designated Non-Cash Consideration.
“Designated Preferred Stock” shall mean Preferred Stock of the Parent Borrower,
a Restricted Subsidiary or any direct or indirect parent company thereof (in
each case other than Disqualified Stock) that is issued for cash (other than to
the Parent Borrower or a Restricted Subsidiary or an employee stock ownership
plan or trust established by the Parent Borrower or its subsidiaries) and is so
designated as Designated Preferred Stock, pursuant to an Officer’s Certificate
executed by a Responsible Officer of the Parent Borrower, on the issuance date
thereof, the cash proceeds of which are excluded from the calculation set forth
in the definition of “Restricted Payment Applicable Amount.”
“Discount Prepayment Accepting Lender” has the meaning set forth in
Section 2.12(f)(ii)(2).
“Discount Range” has the meaning set forth in Section 2.12(f)(iii)(1).
“Discount Range Prepayment Amount” has the meaning set forth in
Section 2.12(f)(iii)(1).
“Discount Range Prepayment Notice” means a written notice of a Borrower
Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.12
(f)(iii) substantially in the form of Exhibit K.
“Discount Range Prepayment Offer” means the irrevocable written offer by a
Lender, substantially in the form of Exhibit L, submitted in response to an
invitation to submit offers following the Auction Agent’s receipt of a Discount
Range Prepayment Notice.
“Discount Range Prepayment Response Date” has the meaning set forth in
Section 2.12(f)(iii)(1).
“Discount Range Proration” has the meaning set forth in Section 2.12(f)(iii)(3).
“Discounted Prepayment Determination Date” has the meaning set forth in
Section 2.12(f)(iv)(3).
“Discounted Prepayment Effective Date” means in the case of a Borrower Offer of
Specified Discount Prepayment, Borrower Solicitation of Discount Range
Prepayment Offer or Borrower Solicitation of Discounted Prepayment Offer, five
Business Days following the Specified Discount Prepayment Response Date, the
Discount Range Prepayment Response Date or the Solicited Discounted Prepayment
Response Date, as applicable, in accordance with Section 2.12(f)(ii)(1),
2.12(f)(iii)(1) or 2.12(f)(iv)(1), respectively, unless a shorter period is
agreed to between the Borrower and the Auction Agent.
“Discounted Term Loan Prepayment” has the meaning set forth in
Section 2.12(f)(i).
“Disposition” shall mean:

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(a)    the sale, conveyance, transfer or other disposition, whether in a single
transaction or a series of related transactions, of property or assets
(including by way of a Sale and Lease-Back Transaction) of the Parent Borrower
or any of its Restricted Subsidiaries; or
(b)    the issuance or sale of Equity Interests of any Restricted Subsidiary,
whether in a single transaction or a series of related transactions.
“Disqualified Institutions” shall mean (a) those institutions and other Persons
set forth on Schedule 1.01(b) hereto or otherwise identified in writing to the
Administrative Agent prior to the date hereof, (b) any Persons who are
competitors of the Parent Borrower and its subsidiaries as identified to the
Administrative Agent in writing from time to time or (c) in the cases of clause
(a) or (b), Affiliates thereof (other than any Debt Fund Affiliates or bona fide
debt funds) that are either (i) identified as specified in such clause (a) or
(b) or (ii) clearly identifiable on the basis of such Affiliates’ names; it
being understood and agreed that the identification of any Person as a
Disqualified Institution after the Closing Date shall not apply to retroactively
disqualify any Person that has previously acquired an assignment or
participation interest in any Loan or Commitment so long as such Person was not
a Disqualified Institution at the time of such assignment or participation. The
list of Disqualified Institutions shall be posted to the Platform, it being
understood that the Parent Borrower may update such list from time to time with
respect to Disqualified Institutions to the extent provided for above, and the
Administrative Agent shall post such updated schedule to the Platform promptly
following its receipt thereof, with such updates effective solely upon the
posting thereof to the Platform.
“Disqualified Stock” shall mean, with respect to any Person, any Capital Stock
of such Person which, by its terms, or by the terms of any security into which
it is convertible or for which it is putable or exchangeable, or upon the
happening of any event, matures or is mandatorily redeemable (other than solely
for Capital Stock which is not Disqualified Stock) pursuant to a sinking fund
obligation or otherwise, or is redeemable at the option of the holder thereof
(in each case, other than solely as a result of a change of control or asset
sale, so long as any rights of the holders thereof upon the occurrence of a
change of control or asset sale shall be subject to the occurrence of the
Termination Date or such repurchase or redemption is otherwise permitted by this
Agreement (including as a result of a waiver or amendment hereunder)), in whole
or in part, in each case prior to the date 91 days after the latest Term Loan
Maturity Date at the time of such incurrence; provided, however, that if such
Capital Stock is issued to any plan for the benefit of employees of the Parent
Borrower or its subsidiaries or by any such plan to such employees, such Capital
Stock shall not constitute Disqualified Stock solely because it may be required
to be repurchased in order to satisfy applicable statutory or regulatory
obligations.
“Dollar Equivalent” shall mean, at any time, (a) with respect to any amount
denominated in dollars, such amount and (b) with respect to any amount
denominated in any Alternative Currency, the equivalent amount thereof in
dollars as determined by the applicable Issuing Bank at such time on the basis
of the rate (as determined in accordance with Section 1.09 as of the date of the
relevant determination) for the purchase of dollars with such Alternative
Currency.
“dollars” or “$” shall mean lawful money of the United States of America.
“Domestic Obligations” shall mean the unpaid principal of and interest on the
Loans and all other obligations and liabilities of the Parent Borrower or any
other Loan Party (other than a Foreign Subsidiary Borrower) to the
Administrative Agent or any Lender, whether direct or indirect, absolute or
contingent, due or to become due, or now existing or hereafter incurred, which
may arise under, out of, or in connection with, this Agreement, any other Loan
Document and the Letters of Credit and whether on account of principal,
interest, reimbursement obligations, fees, indemnities, costs, expenses
(including all fees, charges and disbursements of counsel to the Administrative
Agent or any Lender that are required to be

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paid pursuant hereto or any other Loan Document and including interest, fees and
other amounts accruing after the maturity of the Loans and L/C Disbursements and
interest accruing after the filing of any petition in bankruptcy, or the
commencement of any insolvency, reorganization or like proceeding, relating to a
Loan Party, whether or not a claim for post-filing or post-petition interest or
such fees or other amounts is allowed in such proceeding) or otherwise;
provided, that Domestic Obligations of any Guarantor shall not include any
Excluded Swap Obligation solely of such Guarantor.
“Domestic Subsidiaries” shall mean, with respect to any Person, any subsidiary
of such Person other than a Foreign Subsidiary.
“EBITDA” shall mean, with respect to any Person for any period, the Consolidated
Net Income of such Person and its Restricted Subsidiaries for such period
(a)    increased (without duplication) by:
(i)    provision for taxes based on income or profits or capital (or any
alternative tax in lieu thereof), including, without limitation, foreign, state,
franchise and similar taxes and foreign withholding taxes of such Person and
such subsidiaries paid or accrued during such period deducted (and not added
back) in computing Consolidated Net Income, including payments made pursuant to
any tax sharing agreements or arrangements among the Parent Borrower, its
Restricted Subsidiaries and any direct or indirect parent company of the Parent
Borrower (so long as such tax sharing payments are attributable to the
operations of the Parent Borrower and its Restricted Subsidiaries); plus
(ii)    Fixed Charges of such Person and such subsidiaries for such period to
the extent the same was deducted (and not added back) in calculating such
Consolidated Net Income; plus
(iii)    Consolidated Depreciation and Amortization Expense of such Person and
such subsidiaries for such period to the extent the same were deducted (and not
added back) in computing Consolidated Net Income; plus
(iv)    any fees, costs (including call premium), commissions, expenses or other
charges (other than Consolidated Depreciation and Amortization Expense but
including the effects of purchase accounting adjustments) related to the
Transactions, any issuance of Equity Interests, Investment, acquisition,
disposition, dividend or similar Restricted Payment, recapitalization or the
incurrence, repayment, amendment or modification of Indebtedness permitted to be
incurred under this Agreement (including a refinancing thereof) and any changes
or non-recurring merger costs incurred during such period (in each case whether
or not successful), including (w) any expensing of bridge, commitment or other
financing fees, (x) such fees, costs, commissions, expenses or other charges
related to the Credit Facilities, (y) any such fees, costs (including call
premium), commissions, expenses or other charges related to any amendment or
other modification of the Existing Senior Notes, any Receivables Facility or the
Credit Facilities and (z) commissions, discounts, yield and other fees and
charges (including any interest expense) related to any Receivables Facility,
and, in each case, deducted (and not added back) in computing Consolidated Net
Income; plus
(v)    the amount of any business optimization expense and restructuring charge
or reserve deducted (and not added back) in such period in computing
Consolidated Net Income, including any restructuring costs incurred in
connection with acquisitions

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after the Closing Date, costs related to the closure and/or consolidation of
facilities, retention charges, contract termination costs, future lease
commitments, systems establishment costs, conversion costs and excess pension
charges, consulting fees and any one-time expense relating to enhanced
accounting function, or costs associated with becoming a standalone entity or
public company incurred in connection with any of the foregoing; provided that
the aggregate amount of expenses added pursuant to this clause (v) shall not
exceed an amount equal to 20% of EBITDA of the Parent Borrower for the period of
four consecutive fiscal quarters most recently ended prior to the determination
date (without giving effect to any adjustments pursuant to this clause (v) or
clause (xii) below); plus
(vi)    any other non-cash charges, expenses or losses including any write offs
or write downs and any non-cash expense relating to the vesting of warrants,
reducing Consolidated Net Income for such period (provided that if any such
non-cash charges represent an accrual or reserve for potential cash items in any
future period, (i) the Parent Borrower may determine not to add back such
non-cash item in the current period and (ii) to the extent the Parent Borrower
determines to add back such non-cash item in the current period, the cash
payment in respect thereof in such future period shall be subtracted from EBITDA
in such future period to the extent paid, and excluding amortization of a
prepaid cash item that was paid in a prior period); plus
(vii)    the amount of any minority interest expense consisting of subsidiary
income attributable to minority equity interests of third parties in any
non-Wholly-Owned Subsidiary deducted (and not added back) in such period in
calculating Consolidated Net Income; plus
(viii)    other than for the purpose of determining the amount available for
Restricted Payments under paragraph (b) of the definition of Restricted Payment
Applicable Amount, the amount of management, monitoring, consulting, transaction
and advisory fees and related expenses paid in such period to the Sponsor and
amounts paid under the TRA, in each case, to the extent otherwise permitted
under Section 6.06 deducted (and not added back) in computing Consolidated Net
Income; plus
(ix)    the amount of loss on sale of receivables and related assets to the
Receivables Subsidiary in connection with a Receivables Facility deducted (and
not added back) in computing Consolidated Net Income; plus
(x)    (A) non-cash compensation expense recorded from grants of stock
appreciation or similar rights, stock options, restricted stock or other rights
and (B) other costs or expense deducted (and not added back) in computing
Consolidated Net Income pursuant to any management equity plan or stock option
plan or any other management or employee benefit plan or agreement or any stock
subscription or shareholder agreement, to the extent that such cost or expenses
are funded with cash proceeds contributed to the capital of the Parent Borrower
or net cash proceeds of an issuance of Equity Interest of the Parent Borrower
(other than Disqualified Stock) solely to the extent that such net cash proceeds
are excluded from the calculation set forth in the definition of “Restricted
Payment Applicable Amount”; plus
(xi)    [reserved];
(xii)    the amount of net cost savings and acquisition synergies projected by
the Parent Borrower in good faith to be realized during such period (calculated
on a pro for-

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ma basis as though such cost savings had been realized on the first day of such
period) as a result of actions taken or to be taken in connection with any
acquisition or disposition by the Parent Borrower or any Restricted Subsidiary,
net of the amount of actual benefits realized during such period that are
otherwise included in the calculation of EBITDA from such actions; provided that
(A) such cost savings are reasonably identifiable and factually supportable and
(B) such actions are taken within 18 months after the Closing Date or the date
of such acquisition or disposition and (C) the aggregate amount of cost savings
added pursuant to this clause (xii) shall not exceed an amount equal to the
greater of (x) $100,000,000 and (y) 20% of EBITDA of the Parent Borrower for the
period of four consecutive fiscal quarters most recently ended prior to the
determination date (without giving effect to any adjustments pursuant to clause
(v) above or this clause (xii)); plus
(xiii)    any net after-tax non-recurring, extraordinary or unusual gains or
losses (less all fees and expenses relating thereto) or expenses; plus
(xiv)    to the extent covered by insurance and actually reimbursed or otherwise
paid, or, so long as the Parent Borrower has made a determination that there
exists reasonable evidence that such amount will in fact be reimbursed or
otherwise paid by the insurer and only to the extent that such amount is (A) not
denied by the applicable carrier in writing within 180 days and (B) in fact
reimbursed or otherwise paid within 365 days of the date of such evidence (with
a deduction for any amount so added back to the extent not so reimbursed or
otherwise paid within such 365 days), expenses with respect to liability or
casualty events and expenses or losses relating to business interruption; plus
(xv)    expenses to the extent covered by contractual indemnification or
refunding provisions in favor of the Parent Borrower or a Restricted Subsidiary
and actually paid or refunded, or, so long as the Parent Borrower has made a
determination that there exists reasonable evidence that such amount will in
fact be paid or refunded by the indemnifying party or other obligor and only to
the extent that such amount is (A) not denied by the applicable indemnifying
party or obligor in writing within 90 days and (B) in fact reimbursed within 180
days of the date of such evidence (with a deduction for any amount so added back
to the extent not so reimbursed within such 180 days); plus
(xvi)    any non-cash increase in expenses (A) resulting from the reevaluation
of inventory (including any impact of changes to inventory valuation policy
methods including changes in capitalization of variances) or (B) due to purchase
accounting associated with the Transactions; plus
(xvii)    the amount of loss from the early extinguishment of Indebtedness or
Hedging Obligations or other derivative instruments;
(b)    decreased by (without duplication) (i) non-cash gains increasing
Consolidated Net Income of such Person and such subsidiaries for such period,
excluding any non-cash gains to the extent they represent the reversal of an
accrual or reserve for a potential cash item that reduced EBITDA in any prior
period and (ii) the minority interest income consisting of subsidiary losses
attributable to minority equity interests of third parties in any
non-Wholly-Owned Subsidiary to the extent such minority interest income is
included in Consolidated Net Income; and

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(c)    increased or decreased by (without duplication):
(i)    any net gain or loss resulting in such period from Hedging Obligations
and the application of Financial Accounting Standards Codification Topic 815 —
Derivatives and Hedging (ASC 815) and International Financial Reporting
Standards 9 — Financial Instruments and their respective related pronouncements
and interpretations; plus or minus, as applicable,
(ii)    any net gain or loss included in calculating Consolidated Net Income
resulting in such period from currency translation gains or losses related to
currency remeasurements of indebtedness (including any net loss or gain
resulting from hedge agreements for currency exchange risk), plus or minus, as
applicable,
(iii)    the cumulative effect of a change in accounting principles during such
period, plus or minus, as applicable,
(iv)    any net gain or loss from disposed or discontinued operations and any
net gains or losses on disposal of disposed, abandoned or discontinued
operations, plus or minus, as applicable,
(v)    the amount of gains or losses (less all accrued fees and expenses
relating thereto) attributable to asset dispositions other than in the ordinary
course of business, plus or minus, as applicable, and
(vi)    accruals and reserves that are established within twelve months after
the Closing Date that are so required to be established as a result of the
Transactions in accordance with GAAP.
“ECF Percentage” shall mean, with respect to any fiscal year, 50%; provided,
however, if the First Lien Net Leverage Ratio as of the end of a fiscal year is
(a) less than or equal to 2.25 to 1.00 but greater than 1.75 to 1.00, then the
ECF Percentage with respect to such fiscal year shall mean 25% and (b) less than
or equal to 1.75 to 1.00, then the ECF Percentage with respect to such fiscal
year shall mean 0%.
“Eligible Assignee” shall have the meaning assigned to such term in
Section 9.04(b).
“EMU” shall mean economic and monetary union as contemplated in the Treaty on
European Union.
“Environmental Laws” shall mean all applicable Federal, state, local and foreign
laws (including common law), treaties, regulations, rules, ordinances, codes,
decrees, judgments, directives and orders (including consent orders), having the
force and effect of law, in each case, relating to protection of the environment
or natural resources, or to human health and safety as it relates to
environmental protection.
“Equity Interests” shall mean Capital Stock and all warrants, options or other
rights to acquire Capital Stock, but excluding any debt security that is
convertible into, or exchangeable for, Capital Stock.
“Equity Offering” shall mean any public or private sale of common stock or
Preferred Stock of the Parent Borrower or of a direct or indirect parent of the
Parent Borrower (excluding Disqualified Stock), other than:

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(a)    public offerings with respect to any such Person’s common stock
registered on Form S‑4 or S‑8;
(b)    issuances to the Parent Borrower or any subsidiary of the Parent
Borrower; and
(c)    any such public or private sale that constitutes an Excluded
Contribution.
“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as the
same may be amended from time to time.
“ERISA Affiliate” shall mean any trade or business (whether or not incorporated)
that is under common control with any Loan Party under Section 414 of the Code
or Section 4001 of ERISA.
“ERISA Event” shall mean (a) any “reportable event,” as defined in Section 4043
of ERISA or the regulations issued thereunder, but excluding any event for which
the 30-day notice period is waived, with respect to a Pension Plan, (b) any
failure to satisfy the minimum funding standard under Section 412 of the Code or
Section 302 of ERISA, whether or not waived, or the failure to satisfy any
statutory funding requirement that results in a Lien, with respect to a Pension
Plan, (c) the incurrence by any Loan Party or an ERISA Affiliate of any
liability under Title IV of ERISA with respect to the termination of any Pension
Plan or the withdrawal or partial withdrawal of any Loan Party or an ERISA
Affiliate from any Pension Plan or Multiemployer Plan, (d) the filing of a
notice of intent to terminate, the treatment of a plan amendment as a
termination under Sections 4041 or 4041A of ERISA, or the receipt by any Loan
Party or any ERISA Affiliate from the PBGC or a plan administrator of any notice
of intent to terminate any Pension Plan or Multiemployer Plan or to appoint a
trustee to administer any Pension Plan, (e) the adoption of any amendment to a
Pension Plan that would require the provision of security pursuant to the Code,
ERISA or other applicable law, (f) the receipt by any Loan Party or any ERISA
Affiliate of any notice concerning statutory liability arising from the
withdrawal or partial withdrawal of any Loan Party or any ERISA Affiliate from a
Multiemployer Plan 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, (g) the occurrence of a “prohibited
transaction” (within the meaning of Section 4975 of the Code) with respect to
which the Parent Borrower or any Restricted Subsidiary is a “disqualified
person” (within the meaning of Section 4975 of the Code) or with respect to
which the Parent Borrower or any Restricted Subsidiary could reasonably be
expected to have any liability, (h) any event or condition which constitutes
grounds under Section 4042 of ERISA for the termination of any Pension Plan or
Multiemployer Plan or the appointment of a trustee to administer any Pension
Plan or (i) any other extraordinary event or condition with respect to a Pension
Plan or Multiemployer Plan which could reasonably be expected to result in a
Lien or any acceleration of any statutory requirement to fund all or a
substantial portion of the unfunded accrued benefit liabilities of such plan.
“EURIBOR Rate” shall mean, with respect to any Eurodollar Borrowing of Tranche B
Term Loans for any Interest Period, the rate per annum equal to the Euro
interbank offered rate administered by the Banking Federation of the European
Union as published by Reuters (or another commercially available source
providing quotations of that rate as designated by the Administrative Agent from
time to time) on Reuters Page EURIBOR01 (or any replacement Reuters page that
displays that rate) at approximately 11:00 a.m., Brussels time, two TARGET Days
prior to the commencement of such Interest Period, for Euro deposits (for
delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period; provided that to the extent such market practice is not
administratively feasible for the Administrative Agent, such rate per annum
shall be applied in a manner as otherwise reasonably determined by the
Administrative Agent; provided, further, that if the EURIBOR Rate is less than
zero, such rate shall be deemed to be zero for purposes of this Agreement.

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“euro” and “€” shall mean the single currency of participating member states of
the EMU.
“Eurodollar,” when used in reference to any Loan or Borrowing, shall refer to
whether such Loan, or the Loans comprising such Borrowing, are bearing interest
at a rate determined by reference to the Adjusted LIBO Rate.
“Event of Default” shall have the meaning assigned to such term in Article VII.
“Excess Cash Flow” shall mean, for any fiscal year of the Parent Borrower, an
amount, derived solely from the U.S. operations of the Parent Borrower and its
Domestic Subsidiaries, repayments (net of all Taxes payable upon the
repatriation of any such amounts) under the Existing Intercompany Debt
(excluding repayments of the proceeds of which are used to repay Revolving Loans
made on the Closing Date) and dividends (net of all Taxes payable upon the
repatriation of any such amounts) from Foreign Subsidiaries, equal to:
(a)    the sum, without duplication, of:
(i)    EBITDA;
(ii)    reductions to working capital of the Parent Borrower and its Restricted
Subsidiaries (i.e., the decrease, if any, in Current Assets minus Current
Liabilities from the beginning to the end of such fiscal year), but excluding
any such reductions in working capital arising from the acquisition of any
Person by the Parent Borrower and/or the Restricted Subsidiaries;
(iii)    foreign currency translation gains received in cash related to currency
remeasurements of indebtedness (including any net cash gain resulting from hedge
agreements for currency exchange risk), to the extent not otherwise included in
calculating EBITDA;
(iv)    net cash gains resulting in such period from Hedging Obligations and the
application of Financial Accounting Standards Codification Topic 815-Derivatives
and Hedging (ASC 815) and International Financial Reporting Standards
9-Financial Instruments and their respective pronouncements and interpretations;
(v)    extraordinary, unusual or nonrecurring cash gains (other than gains on
Dispositions), to the extent not otherwise included in calculating EBITDA; and
(vi)    to the extent not otherwise included in calculating EBITDA, cash gains
from any sale or disposition outside the ordinary course of business;
minus
(b)    the sum, without duplication, of:
(i)    the amount of any Taxes, including Taxes based on income, profits or
capital, (or alternative tax in lieu thereof), foreign, state, franchise and
similar Taxes, foreign withholding Taxes and foreign unreimbursed value added
Taxes (to the extent added in calculating EBITDA), and including penalties and
interest on any of the foregoing, in each case, paid in cash by the Parent
Borrower and its Restricted Subsidiaries (to the extent not otherwise deducted
in calculating EBITDA), including payments made pursuant

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to any tax sharing agreements or arrangements among the Parent Borrower, its
Restricted Subsidiaries and any direct or indirect parent company of the Parent
Borrower (so long as such tax sharing payments are attributable to the
operations of the Parent Borrower and its Restricted Subsidiaries);
(ii)    Consolidated Interest Expense, to the extent payable in cash and not
otherwise deducted in calculating EBITDA;
(iii)    foreign currency translation losses payable in cash related to currency
remeasurements of indebtedness (including any net cash loss resulting from hedge
agreements for currency risk), to the extent not otherwise deducted in
calculating EBITDA;
(iv)    without duplication of amounts deducted pursuant to clause (xviii) below
in a prior fiscal year, Capital Expenditures of, or acquisitions of or expenses
incurred to develop intellectual property (to the extent not expensed) by, the
Parent Borrower and its subsidiaries made in cash, to the extent not financed
with the proceeds of any long-term Indebtedness of the Parent Borrower and its
Restricted Subsidiaries;
(v)    repayments of long-term Indebtedness (including (A) the principal
component of Capitalized Lease Obligations and (B) the amount of repayment of
Loans pursuant to Section 2.11 and, to the extent made with the Net Cash
Proceeds of a Prepayment Asset Sale that resulted in an increase to Consolidated
Net Income and not in excess of the amount of such increase, Section 2.13(b),
but excluding all other prepayments of the Loans and voluntary prepayments of
loans secured on a pari passu basis with the Obligations), made by the Parent
Borrower and its Restricted Subsidiaries, but only to the extent that such
repayments (x) by their terms cannot be reborrowed or redrawn and (y) are not
financed with the proceeds of long-term Indebtedness (other than revolving
Indebtedness);
(vi)    additions to working capital (i.e., the increase, if any, in Current
Assets minus Current Liabilities from the beginning to the end of such fiscal
year), but excluding any such additions to working capital arising from the
acquisition of any Person by the Parent Borrower and/or the Restricted
Subsidiaries;
(vii)    without duplication of amounts deducted pursuant to clause (xviii)
below in a prior fiscal year, the amount of Permitted Investments and
Investments made by the Parent Borrower and its Restricted Subsidiaries pursuant
to Section 6.03 (other than Permitted Investments in (x) Cash Equivalents and
Government Securities and (y) the Parent Borrower or any of its Restricted
Subsidiaries), in cash, to the extent such Investments were not financed with
the proceeds of any long-term Indebtedness of the Parent Borrower and its
Restricted Subsidiaries;
(viii)    letter of credit fees paid in cash, to the extent not otherwise
deducted in calculating EBITDA;
(ix)    extraordinary, unusual or nonrecurring cash charges, to the extent not
otherwise deducted in calculating EBITDA;
(x)    cash fees and expenses incurred in connection with the Transactions, any
Permitted Investment, any Investment permitted under Section 6.03, any
disposition not

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prohibited under Section 6.05, any recapitalization, any Equity Offering, the
issuance of any Indebtedness or any exchange, refinancing or other early
extinguishment of Indebtedness permitted by this Agreement (in each case,
whether or not consummated);
(xi)    an amount equal to all cash charges, expenses or losses added to EBITDA
pursuant to the definition thereof;
(xii)    the amount of management, monitoring, consulting, transactional and
advisory fees and related expenses paid to the Sponsor permitted by Section
6.06, to the extent not otherwise deducted in calculating EBITDA;
(xiii)    the amount of Restricted Payments made by the Parent Borrower and its
Restricted Subsidiaries to the extent permitted by Section 6.03 (other than
pursuant to Sections 6.03(a) (to the extent such Restricted Payment is made by
utilizing clause (b) of the definition of Restricted Payment Applicable Amount),
6.03(b)(i) (to the extent relating to any other clause of Section 6.03 referred
to in the first parenthetical in this clause (xiii)), 6.03(b)(ii)(A),
6.03(b)(ii)(B), 6.03(b)(iii), 6.03(b)(viii), 6.03(b)(x), 6.03(b)(xiii) (except
to the extent relating to a transaction permitted under Section 6.04),
6.03(b)(xviii)(A), and 6.03(b)(xxiv)) to the extent that such Restricted
Payments were not financed with the proceeds of any long-term Indebtedness of
the Parent Borrower and its Restricted Subsidiaries;
(xiv)    cash expenditures in respect of Hedging Obligations (including net cash
losses resulting in such period from Hedging Obligations and the application of
Financial Accounting Standards Codification Topic 815-Derivatives and Hedging
(ASC 815) and International Financial Reporting Standards 9-Financial
Instruments and their respective pronouncements and interpretations), to the
extent not otherwise deducted in calculating EBITDA;
(xv)    to the extent not otherwise deducted in calculating EBITDA, cash losses
from any sale or disposition outside the ordinary course of business;
(xvi)    cash payments by the Parent Borrower and its Restricted Subsidiaries in
respect of long-term liabilities (other than Indebtedness) of the Parent
Borrower and its Restricted Subsidiaries;
(xvii)    the aggregate amount of expenditures actually made by the Parent
Borrower and its Restricted Subsidiaries in cash (including expenditures for the
payment of financing fees) to the extent that such expenditures are not
expensed; and
(xviii)    without duplication of amounts deducted from Excess Cash Flow in a
prior fiscal year, the aggregate consideration required to be paid in cash by
the Parent Borrower and its Restricted Subsidiaries pursuant to binding
contracts (the “Contract Consideration”) entered into prior to or during such
fiscal year relating to Permitted Investments and Investments permitted under
Section 6.03 (other than Investments in (x) Cash Equivalents and Government
Securities and (y) the Parent Borrower or any of its Restricted Subsidiaries),
Capital Expenditures or acquisitions of or expenses incurred to develop
intellectual property (to the extent not expensed) to be consummated or made
during the period of 4 consecutive fiscal quarters of the Parent Borrower
following the end of such fiscal year provided that to the extent the aggregate
amount actually utilized to finance such Capital Expenditures, Investments or
acquisitions or development of in-

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tellectual property during such period of 4 consecutive fiscal quarters is less
than the Contract Consideration or to the extent such aggregate amount is
financed with the proceeds of any long-term Indebtedness of the Parent Borrower
and its Restricted Subsidiaries, the amount of such shortfall shall be added to
the calculation of Excess Cash Flow at the end of such period of 4 consecutive
fiscal quarters;
provided that, at the option of the Parent Borrower, all such payments made
after the applicable fiscal year and prior to the applicable due date of such
Excess Cash Flow payment may (without duplication of such amount deducted in any
period) be deducted from Excess Cash Flow for such prior fiscal year.
“Excluded Contributions” shall mean net cash proceeds, marketable securities or
Qualified Proceeds received by or contributed to the Parent Borrower from:
(a)    contributions to its common equity capital, and
(b)    the sale (other than to the Parent Borrower or a subsidiary of the Parent
Borrower or to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement of the Parent Borrower or a
subsidiary of the Parent Borrower) of Capital Stock (other than Disqualified
Stock and Designated Preferred Stock) of the Parent Borrower,
in each case, designated as Excluded Contributions pursuant to an Officer’s
Certificate on the date such capital contributions are made or the date such
Equity Interests are sold, as the case may be, which are excluded from the
calculation of the Restricted Payment Applicable Amount.
“Excluded Information” has the meaning set forth in Section 2.12(f)(vi).
“Excluded Parties” has the meaning set forth in Section 9.16.
“Excluded Subsidiary” shall mean (a) any subsidiary that is not a Wholly-Owned
Subsidiary, (b) any Immaterial Subsidiary, (c) any subsidiary that is prohibited
by applicable law or contractual obligations existing on the Closing Date or if
later, the date such person becomes a subsidiary (so long as such prohibition is
not incurred in contemplation thereof) from guaranteeing the Obligations,
(d) any Restricted Subsidiary acquired pursuant to an acquisition permitted by
Section 6.03 financed with secured Indebtedness permitted to be incurred
pursuant to Section 6.01(b)(xi) (but only to the extent such Indebtedness is
otherwise permitted to be secured under clause (ff) of the definition of
“Permitted Liens”) and Section 6.01(b)(xviii) and each Restricted Subsidiary
thereof that guarantees such Indebtedness; provided that each such Restricted
Subsidiary shall cease to be an Excluded Subsidiary under this clause (d) if
such secured Indebtedness is repaid or becomes unsecured or if such Restricted
Subsidiary ceases to guarantee such secured Indebtedness, as applicable, (e) any
Unrestricted Subsidiary, (f) solely with respect to any Domestic Obligation, (i)
any direct or indirect Domestic Subsidiary of a direct or indirect Foreign
Subsidiary that is a CFC and (ii) any CFC Holdco, (g) any captive insurance
subsidiary, (h) any not-for-profit subsidiary, (i) any other subsidiary with
respect to which in the reasonable judgment of the Administrative Agent and the
Parent Borrower, the cost or other consequences of providing a guarantee of the
Obligations shall be excessive in view of the benefits to be obtained by the
Lenders therefrom (it being agreed that the cost and other consequences of a
Foreign Subsidiary providing a guarantee are excessive in view of the benefits),
(j) any Receivables Subsidiary and (k) any subsidiary that is a special purpose
entity.
“Excluded Swap Obligation” shall mean, with respect to any Guarantor, any Swap
Obligation if, and to the extent that, all or a portion of the Guarantee of such
Guarantor of, or the grant by such Guarantor of a security interest to secure,
such Swap Obligation (or any Guarantee thereof) is or becomes illegal or
unlawful under the Commodity Exchange Act or any rule, regulation or order of
the Commodity Fu-

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tures Trading Commission (or the application or official interpretation of any
thereof) by virtue of such Guarantor’s failure for any reason not to constitute
an “eligible contract participant” as defined in the Commodity Exchange Act and
the regulations thereunder at the time the Guarantee of such Guarantor or the
grant of such security interest would otherwise have become effective with
respect to such Swap Obligation but for such Guarantor’s failure to constitute
an “eligible contract participant” at such time.
“Excluded Taxes” shall mean, with respect to the Administrative Agent, any
Lender or any other recipient of any payment to be made by or on account of any
obligation of any Loan Party under any Loan Document, (a) income Taxes imposed
on (or measured by) such recipient’s net income and franchise (and similar)
Taxes imposed on such recipient in lieu of income Taxes, in each case, imposed
by a jurisdiction as a result of such recipient being organized in or having its
principal office or applicable lending office located in such jurisdiction, or
as a result of any other present or former connection between such recipient and
the jurisdiction imposing such Tax (other than connections arising solely from
such recipient having executed, delivered, become a party to, performed its
obligations under, received payments under, received or perfected a security
interest under, engaged in any other transaction pursuant to or enforced any
Loan Document, or sold or assigned an interest in any Loan or Loan Document)
(b) any branch profits Taxes imposed under Section 884(a) of the Code, or any
similar Taxes, imposed by any jurisdiction described in clause (a) above, (c) in
the case of a Lender (other than an assignee pursuant to a request by the Parent
Borrower under Section 2.21(a)), any U.S. federal withholding Tax that is
imposed on amounts payable to such Lender in respect of any Loans made to the
Parent Borrower pursuant to any law in effect at the time such Lender becomes a
party to this Agreement (or designates a new lending office) except to the
extent that such Lender (or its assignor, if any) was entitled, immediately
prior to the designation of a new lending office (or assignment), to receive
additional amounts from the Borrowers with respect to such withholding tax
pursuant to Section 2.20(a), (d) any withholding Tax that is attributable to
such recipient’s failure to comply with Section 2.20(e) or (h) and (e) any
United States federal Taxes imposed by FATCA. For the avoidance of doubt, the
term “Lender” shall, for purposes of this definition of Excluded Taxes, include
any Issuing Bank or Swingline Lender.
“Existing Credit Agreement” shall mean that certain Credit Agreement dated as of
June 29, 2007, among the Parent Borrower and the foreign subsidiary borrowers
from time to time party thereto, as borrowers thereunder, the lenders from time
to time party thereto, Bank of America, N.A., as administrative agent and
collateral agent, and the other agents party thereto.
“Existing Debt” shall mean Indebtedness outstanding under (i) the Existing
Credit Agreement (other than letters of credit which constitute Existing Letters
of Credit outstanding under such agreement) and (ii) the Parent Borrower’s 7.25%
Senior Notes due 2017.
“Existing Intercompany Debt” shall mean the intercompany Indebtedness among the
Parent Borrower and its Foreign Subsidiaries outstanding on the Closing Date and
identified as such on Schedule 6.01.
“Existing Letters of Credit” shall mean all letters of credit outstanding on the
Closing Date as more fully described on Schedule 1.01(c).
“Existing Senior Notes” shall mean the Parent Borrower’s 4.625% Senior Notes due
2022 (and includes any Refinancing Indebtedness in respect thereof permitted by
Section 6.01 and any notes issued in exchange or replacement of any of the
foregoing on substantially identical terms).
“Existing Senior Notes Documentation” shall mean any indenture governing the
Existing Senior Notes and all documentation delivered pursuant thereto.

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“Extended Revolving Credit Commitment” shall have the meaning set forth in
Section 2.25(a).
“Extended Revolving Loan” shall mean a Revolving Loan whose Revolving Credit
Maturity Date has been extended pursuant to Section 2.25(a).
“Extended Term Loans” shall have the meaning set forth in Section 2.25(a).
“Extension” has the meaning set forth in Section 2.25(a).
“Extension Offer” has the meaning set forth in Section 2.25(a).
“FATCA” shall mean Sections 1471 through 1474 of the Code as in effect on the
date hereof, or any amended or successor version that is substantively
comparable and not materially more onerous to comply with, the U.S. Treasury
Regulations and official published guidance with respect thereto, whether in
existence on the date hereof or promulgated thereafter, any agreements entered
into pursuant to current Section 1471(b)(1) of the Code (or any amended or
successor version described above) and any intergovernmental agreement (or
related laws, regulations or official administrative practices) implementing the
foregoing.
“Federal Funds Effective Rate” shall mean, for any day, the weighted average of
the rates on overnight Federal funds transactions with members of the Federal
Reserve System, as published on the next succeeding Business Day by the Federal
Reserve Bank of New York; provided that (a) if such day is not a Business Day,
the Federal Funds Effective Rate for such day shall be such rate on such
transactions on the next preceding Business Day as so published on the next
succeeding Business Day and (b) if no such rate is so published on such next
succeeding Business Day, the Federal Funds Effective Rate for such day shall be
the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of
1%) charged to the Administrative Agent on such day on such transactions as
determined by the Administrative Agent; provided, further, that if the Federal
Funds Effective Rate is less than zero, such rate shall be deemed to be zero for
purposes of this Agreement.
“Fee Letters” shall mean the Fee Letters, each dated the Closing Date, between
the Parent Borrower and each Arranger.
“Fees” shall mean the Commitment Fee, the Administration Fee, the L/C
Participation Fee and the Issuing Bank Fee.
“Financial Officer” of any Person shall mean the chief executive officer, the
president, chief financial officer, principal accounting officer, treasurer,
assistant treasurer or controller of such Person.
“First Lien Net Leverage Ratio” shall mean, the ratio of (i) (A) Consolidated
Indebtedness of the Parent Borrower and its Restricted Subsidiaries on such date
that is secured by a Lien on any assets of the Parent Borrower or any of its
Restricted Subsidiaries (other than (i) Indebtedness subordinated in right of
payment to the Obligations and (ii) secured Indebtedness to the extent such Lien
is on Collateral and ranks junior to the corresponding Lien securing the
Obligations) minus (B) the amount of cash and Cash Equivalents in excess of any
Restricted Cash that would be stated on the balance sheet of the Parent Borrower
and its Restricted Subsidiaries and held by the Parent Borrower and its
Restricted Subsidiaries as of such date of determination, as determined in
accordance with GAAP to (ii) EBITDA of the Parent Borrower and its Restricted
Subsidiaries for the most recently ended four fiscal quarters ending immediately
prior to such date for which Section 5.04 Financials have been delivered to the
Administrative Agent.

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“Fixed Charges” shall mean, with respect to any Person for any period, the sum,
without duplication, of:
(a)    Consolidated Interest Expense (excluding all non-cash interest expense
and amortization/accretion of original issue discount) of such Person and
Restricted Subsidiaries for such period; plus
(b)    all cash dividends or other distributions paid to any Person other than
such Person or any such subsidiary (excluding items eliminated in consolidation)
on any series of Preferred Stock of the Parent Borrower or a Restricted
Subsidiary during such period; plus
(c)    all cash dividends or other distributions paid to any Person other than
such Person or any such subsidiary (excluding items eliminated in consolidation)
on any series of Disqualified Stock of the Parent Borrower or a Restricted
Subsidiary during such period.
“Flood Insurance Laws” means, collectively, (i) the National Flood Insurance Act
of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the
Flood Disaster Protection Act of 1973 as now or hereafter in effect or any
successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994
as now or hereafter in effect or any successor statute thereto, (iv) the Flood
Insurance Reform Act of 2004 as now or hereafter in effect or any successor
statute thereto and (v) Biggert-Waters Flood Insurance Reform Act of 2012 as now
or hereafter in effect or any successor statute thereto.
“Foreign Lender” shall mean any Lender that is not a “United States person”
within the meaning of Section 7701(a)(30) of the Code.
“Foreign Obligations” shall mean the unpaid principal of and interest on the
Loans and all other obligations and liabilities of any Foreign Subsidiary
Borrower to the Administrative Agent or any Lender, whether direct or indirect,
absolute or contingent, due or to become due, or now existing or hereafter
incurred, which may arise under, out of, or in connection with, this Agreement,
any other Loan Document and the Letters of Credit and whether on account of
principal, interest, reimbursement obligations, fees, indemnities, costs,
expenses (including all fees, charges and disbursements of counsel to the
Administrative Agent or any Lender that are required to be paid pursuant hereto
or any other Loan Document and including interest, fees and other amounts
accruing after the maturity of the Loans and L/C Disbursements and interest
accruing after the filing of any petition in bankruptcy, or the commencement of
any insolvency, reorganization or like proceeding, relating to a Loan Party,
whether or not a claim for post-filing or post-petition interest or such fess or
other amounts are allowed in such proceeding) or otherwise.
“Foreign Plan” shall mean any pension plan, fund or other similar program (other
than a government-sponsored plan) that (a) primarily covers employees of any
Loan Party and/or any of its Restricted Subsidiaries who are employed outside of
the United States and (b) is subject to any statutory funding requirement as to
which the failure to satisfy results in a Lien or other statutory requirement
permitting any governmental authority to accelerate the obligation of the Parent
Borrower or any Restricted Subsidiary to fund all or a substantial portion of
the unfunded, accrued benefit liabilities of such plan.
“Foreign Subsidiary” shall mean, with respect to any Person, (a) any subsidiary
of such Person that is organized and existing under the laws of any jurisdiction
other than the United States, any state thereof or the District of Columbia.
“Foreign Subsidiary Borrower” shall mean any Foreign Subsidiary which is listed
as a Foreign Subsidiary Borrower on Schedule B, as such schedule may be amended
from time to time pursuant to Section 9.08(g) (including, without limitation,
the delivery of the documents required by Section 9.08(g));

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provided that, with respect to each such listed Foreign Subsidiary, its status
as a Foreign Subsidiary Borrower hereunder shall not be effective until such
Foreign Subsidiary and its subsidiaries shall have become a Grantor, to the
extent applicable, under and as defined in the Guarantee and Collateral
Agreement or shall otherwise have entered into collateral and security documents
reasonably satisfactory to the Administrative Agent and providing, to the extent
reasonably practicable under relevant law, substantially the equivalent of the
lien and security interests contemplated to be provided by Grantors under the
Guarantee and Collateral Agreement.
“Foreign Subsidiary Borrower Sublimit” shall have the meaning assigned to such
term in Section 2.01(c).
“Foreign Subsidiary Reorganization” shall mean the reorganization of the Parent
Borrower’s Foreign Subsidiaries (including the creation of a new holding company
subsidiary to hold substantially all of the capital stock of the Parent
Borrower’s Foreign Subsidiaries).
“Fronting Exposure” shall mean, at any time there is a Defaulting Lender, (a)
with respect to the Issuing Banks, such Defaulting Lender’s Pro Rata Percentage
of the outstanding L/C Exposure other than L/C Exposure as to which such
Defaulting Lender’s participation obligation has been reallocated to other
Lenders or Cash Collateralized in accordance with the terms hereof and (b) with
respect to the Swingline Lender, such Defaulting Lender’s Pro Rata Percentage of
Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s
participation obligation has been reallocated to other Lenders or Cash
Collateralized in accordance with the terms hereof.
“Fund” shall mean any Person (other than a natural Person) that is (or will be)
engaged in making, purchasing, holding or otherwise investing in commercial
loans, bonds and similar extensions of credit in the ordinary course of its
activities.
“GAAP” shall mean United States generally accepted accounting principles in
effect on the date of this Agreement, except for any reports required to be
delivered pursuant to Section 5.04(a) and (b), which shall be prepared in
accordance with GAAP in effect on the date thereof, except as provided below. At
any time after adoption of IFRS by the Parent Borrower for its financial
statements and reports for all financial reporting purposes, the Parent Borrower
may elect to apply IFRS for all purposes of this Agreement, in lieu of GAAP,
and, upon any such election, references herein to GAAP shall be construed to
mean IFRS as in effect on the date of the election (except for any reports
required to be delivered under Section 5.04(a) and (b), which shall be prepared
in accordance with IFRS in effect on the date thereof) from time to time;
provided that (1) any such election once made shall be irrevocable (and shall
only be made once), (2) all financial statements and reports required to be
provided after such election pursuant to this Agreement shall be prepared on the
basis of IFRS and (3) from and after such election, all ratios, computations and
other determinations (A) based on GAAP contained in this Agreement shall be
computed in conformity with IFRS and (B) in this Agreement that require the
application of GAAP for periods that include fiscal quarters ended prior to the
Parent Borrower’s election to apply IFRS shall remain as previously calculated
or determined in accordance with GAAP. The Parent Borrower shall give written
notice of any election to the Administrative Agent within 15 days of such
election. For the avoidance of doubt, solely making an election (without any
other action) referred to in this definition will not be treated as an
incurrence of Indebtedness.
“Government Securities” shall mean securities that are:
(a)    (1) direct obligations of any country that is a member of the European
Monetary Union whose long-term debt is rated “A-1” or higher by Moody’s or “A+”
or higher by S&P or the equivalent rating category of another internationally
recognized rating agency on the date

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hereof, for the payment of which the full faith and credit of such country is
pledged and (2) direct obligations of the United States of America for the
timely payment of which its full faith and credit is pledged; or
(b)    obligations of a Person controlled or supervised by and acting as an
agency or instrumentality of any country referred to in clause (a), the timely
payment of which is unconditionally guaranteed as a full faith and credit
obligation by such country, which, in either case, are not callable or
redeemable at the option of the issuer thereof.
“Governmental Authority” shall mean the government of the United States of
America or any other nation, any political subdivision thereof, whether state,
local or otherwise, 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.
“Granting Lender” shall have the meaning assigned to such term in
Section 9.04(i).
“Grantor” shall mean shall have the meaning assigned to such term in the
Guarantee and Collateral Agreement.
“guarantee” means a guarantee other than by endorsement of negotiable
instruments for collection in the ordinary course of business, direct or
indirect, in any manner including, without limitation, through letters of credit
or reimbursement agreements in respect thereof, of all or any part of any
Indebtedness or other obligations. When used as a verb, “guarantee” shall have a
corresponding meaning.
“Guarantee” means any guarantee of the obligations of the Borrowers under this
Agreement and other Loan Documents by a Guarantor in accordance with the
provisions of this Agreement and the other Loan Documents. When used as a verb,
“Guarantee” shall have a corresponding meaning.
“Guarantee and Collateral Agreement” shall mean the Guarantee and Collateral
Agreement, substantially in the form of Exhibit D, among the Loan Parties party
thereto and the Collateral Agent for the benefit of the Secured Parties.
“Guarantors” shall mean Holdings and the Subsidiary Guarantors (and, in the case
of any Foreign Obligation, the Parent Borrower).
“Hazardous Materials” shall mean any material, substance or waste classified,
characterized or regulated as “hazardous,” “toxic,” “pollutant,” “contaminant”
or words of similar import and regulatory effect under any Environmental Laws,
including petroleum, petroleum products or asbestos.
“Hedging Obligations” shall mean, with respect to any Person, the obligations of
such Person under any (a) currency exchange, interest rate swap agreement,
interest rate cap agreement, interest rate collar agreement, commodity swap
agreement, commodity cap agreement, commodity collar agreement, foreign exchange
contract, currency swap agreement or similar agreement providing for the
transfer of mitigation of interest rate or currency risks either generally or
under specific contingencies and (b) other agreements or arrangements, in each
case designed to manage, hedge or protect such Person with respect to
fluctuations in currency exchange, interest rates or commodity, raw material,
utility or energy prices.
“Holdings” shall mean VWR Corporation, a Delaware corporation and the direct
parent of the Parent Borrower and shall include any successors to such Person or
assigns.
“Identified Participating Lenders” has the meaning set forth in
Section 2.12(f)(iii)(3).

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“Identified Qualifying Lenders” has the meaning set forth in
Section 2.12(f)(iv)(3).
“IFRS” means the International Financial Reporting Standards as issued by the
International Accounting Standards Board.
“Immaterial Subsidiary” shall mean all Restricted Subsidiaries of the Parent
Borrower (other than any Foreign Subsidiary Borrower) for which (a) (i) the
assets of such Restricted Subsidiary constitute less than 2.5% of Total Assets
and (ii) the EBITDA of such Restricted Subsidiary accounts for less than 2.5% of
the EBITDA of the Parent Borrower and its Restricted Subsidiaries on a
consolidated basis and (b) thereafter, (i) the assets of all relevant Restricted
Subsidiaries constitute 5.0% or less of Total Assets, and (ii) the EBITDA of all
relevant Restricted Subsidiaries accounts for less than 5.0% of EBITDA of the
Parent Borrower and its Restricted Subsidiaries on a consolidated basis. The
Immaterial Subsidiaries as of the Closing Date are listed on Schedule 1.01(d).
“Incremental Amendment” shall have the meaning assigned to such term in
Section 2.24(b).
“Incremental Cap” shall have the meaning assigned to such term in
Section 2.24(a).
“Incremental Equivalent Debt” shall have the meaning assigned to such term in
Section 6.01(b)(ii).
“Incremental Equivalent Debt Conditions” shall have the meaning assigned to such
term in Section 6.01(b)(ii).
“Incremental Facility Closing Date” shall have the meaning assigned to such term
in Section 2.24(b).
“Incremental Revolving Credit Commitments” shall have the meaning assigned to
such term in Section 2.24(a).
“Incremental Revolving Loan” shall mean any loan funded pursuant to an
Incremental Revolving Credit Commitment.
“Incremental Term Loans” shall have the meaning assigned to such term in
Section 2.24(a).
“Indebtedness” shall mean, with respect to any Person, without duplication:
(a)    any indebtedness (including principal and premium) of such Person,
whether or not contingent:
(i)    in respect of borrowed money;
(ii)    evidenced by bonds, notes, debentures or similar instruments;
(iii)    evidenced by letters of credit, bank guarantees or bankers’ acceptances
(or, without duplication, reimbursement agreements in respect thereof);
(iv)    Capitalized Lease Obligations;
(v)    representing the balance deferred and unpaid of the purchase price of any
property (other than Capitalized Lease Obligations), except (A) any such balance
that constitutes a trade payable or similar obligation to a trade creditor, in
each case accrued

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in the ordinary course of business, (B) liabilities accrued in the ordinary
course of business and (C) earn-outs and other contingent payments in respect of
acquisitions except to the extent that the liability on account of any such
earn-outs or contingent payment becomes fixed; or
(vi)    representing any Hedging Obligations;
if and to the extent that any of the foregoing Indebtedness (other than letters
of credit, bank guarantees, bankers’ acceptances and Hedging Obligations) would
appear as a liability upon a balance sheet (excluding the footnotes thereto) of
such Person prepared in accordance with GAAP;
(b)    to the extent not otherwise included, any obligation by such Person to be
liable for, or to pay, as obligor, guarantor or otherwise, on the obligations of
the type referred to in clause (a) of a third Person (whether or not such items
would appear upon the balance sheet of such obligor or guarantor), other than by
endorsement of negotiable instruments for collection in the ordinary course of
business; and
(c)    to the extent not otherwise included, the obligations of the type
referred to in clause (a) of a third Person secured by a Lien on any asset owned
by such first Person, whether or not such Indebtedness is assumed by such first
Person;
provided, however, that notwithstanding the foregoing, Indebtedness shall be
deemed not to include (x) Contingent Obligations incurred in the ordinary course
of business, (y) items that would appear as a liability on a balance sheet
prepared in accordance with GAAP as a result of the application of EITF 97-10,
“The Effect of Lessee Involvement in Asset Construction”, and (z) obligations
under or in respect of Receivables Facilities. The amount of Indebtedness of any
person under clause (c) above shall be deemed to equal the lesser of (x) the
aggregate unpaid amount of such Indebtedness secured by such Lien and (y) the
fair market value of the property encumbered thereby as determined by such
person in good faith.
“Indemnified Taxes” shall mean all Taxes other than Excluded Taxes and Other
Taxes.
“Indemnitee” shall have the meaning assigned to such term in Section 9.05(b).
“Independent Financial Advisor” shall mean an accounting, appraisal, investment
banking firm or consultant to Persons engaged in Similar Businesses of
nationally recognized standing that is, in the good faith judgment of the Parent
Borrower, qualified to perform the task for which it has been engaged.
“Insolvency Proceedings” shall mean, with respect to any Person, any case or
proceeding with respect to such Person under U.S. federal bankruptcy laws or any
other state, federal or foreign bankruptcy, insolvency, reorganization,
liquidation, receivership, or other similar law, or the appointment, whether at
common law, in equity or otherwise, of any trustee, custodian, receiver,
liquidator or the like for all or any material portion of the property of such
Person.
“Intellectual Property Security Agreement” shall mean any of the following
agreements executed on or after the Closing Date (a) a Trademark Security
Agreement substantially in the form of Exhibit F-1, (b) a Patent Security
Agreement substantially in the form of Exhibit F-2 or (c) a Copyright Security
Agreement substantially in the form of Exhibit F-3.
“Interest Payment Date” shall mean (a) with respect to any ABR Loan (including
any Swingline Loan), the last day of each March, June, September and December,
commencing December 31, 2015 and (b) with respect to any Eurodollar Loan, the
last day of the Interest Period applicable to such Loan and, in

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the case of a Eurodollar Borrowing with an Interest Period of more than 3
months’ duration, each day that would have been an Interest Payment Date had
successive Interest Periods of 3 months’ duration been applicable to such
Borrowing.
“Interest Period” shall mean (a) with respect to any Eurodollar Borrowing, the
period commencing on the date of such Borrowing and ending on the numerically
corresponding day (or, if there is no numerically corresponding day, on the last
day) in the calendar month that is 1, 2, 3 or 6 (or 12, with the consent of all
of the relevant Lenders) months (or such other periods acceptable to the
Lenders) thereafter, as the relevant Borrower may elect; provided, however, that
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
(b) with respect to any BA Rate Loan, the applicable BA Interest Period.
Interest shall accrue from and including the first day of an Interest Period to
but excluding the last day 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.
“Investment Grade Rating” shall mean a rating equal to or higher than Baa3 (or
the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent
rating by any other Rating Agency.
“Investment Grade Securities” shall mean:
(a)    securities issued or directly and fully guaranteed or insured by the
United States government or any agency or instrumentality thereof (other than
Cash Equivalents);
(b)    debt securities or debt instruments with an Investment Grade Rating, but
excluding any debt securities or instruments constituting loans or advances
among the Parent Borrower and its subsidiaries;
(c)    investments in any fund that invests exclusively in investments of the
type described in clauses (a) and (b) which fund may also hold immaterial
amounts of cash pending investment or distribution; and
(d)    corresponding instruments in countries other than the United States
customarily utilized for high quality investments.
“Investments” shall mean, with respect to any Person, all investments by such
Person in other Persons (including Affiliates) in the form of loans (including
guarantees), advances, issuances of letters of credit, bank guarantees or
similar financial accommodations or capital contributions (excluding accounts
receivable, trade credit, management fees, advances to customers, commission,
travel, entertainment, relocation, payroll and similar advances to directors,
officers and employees, in each case made in the ordinary course of business),
purchases or other acquisitions (in one transaction or a series of transactions,
including by way of merger) of all or substantially all of the property and
assets or business of another Person or assets constituting a business unit,
line of business or division of such Person, purchases or other acquisitions of
Indebtedness, Equity Interests or other securities issued by any other Person
and investments that are required by GAAP to be classified on the balance sheet
(excluding the footnotes) of such Person in the same manner as the other
investments included in this definition to the extent such transactions involve
the transfer of cash or other property. The amount of any Investment shall be
deemed to be the amount actually invested, without adjustment for subsequent
increases or decreases in value but giving effect to any returns or
distributions received by such Person with respect thereto. For purposes of the
definition of “Unrestricted Subsidiary” and Section 6.03:

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(a)    “Investments” shall include the portion (proportionate to the Parent
Borrower’s direct or indirect equity interest in such subsidiary) of the fair
market value of the net assets of a subsidiary of the Parent Borrower at the
time that such subsidiary is designated an Unrestricted Subsidiary; provided,
however, that upon a redesignation of such subsidiary as a Restricted
Subsidiary, the Parent Borrower or applicable Restricted Subsidiary shall be
deemed to continue to have a permanent “Investment” in an Unrestricted
Subsidiary in an amount (if positive) equal to:
(i)    the Parent Borrower’s direct or indirect “Investment” in such subsidiary
at the time of such redesignation; less
(ii)    the portion (proportionate to the Parent Borrower’s direct or indirect
equity interest in such subsidiary) of the fair market value of the net assets
of such Subsidiary at the time of such redesignation; and
(b)    any property transferred to or from an Unrestricted Subsidiary shall be
valued at its fair market value at the time of such transfer, in each case as
determined in good faith by the Parent Borrower.
“Issuing Bank” shall mean, as the context may require, (a)  Citibank, N.A.,
acting through any of its Affiliates or branches, in its capacity as the issuer
of Letters of Credit hereunder, (b) Bank of America, N.A., in respect of the
Existing Letters of Credit and (c) any other Person that may become an Issuing
Bank pursuant to Section 2.23(i) or 2.23(k), with respect to Letters of Credit
issued at the time such Person was a Lender; provided further that, if any
Extended Revolving Credit Commitments are effected in accordance with Section
2.25, then on the occurrence of a Revolving Credit Maturity Date (each, an
“Issuing Bank/Swing Line Termination Date”), each Issuing Bank at such time
shall have the right to resign as an Issuing Bank on the respective Issuing
Bank/Swing Line Termination Date, in each case upon not less than ten (10) days’
prior written notice thereof to the Borrowers and the Administrative Agent and,
in the event of any such resignation and upon the effectiveness thereof, the
respective entity so resigning shall retain all of its rights hereunder and
under the other Loan Documents as an Issuing Bank with respect to all Letters of
Credit theretofore issued by it (which Letters of Credit shall remain
outstanding in accordance with the terms hereof until their respective
expirations) but shall not be required to issue any further Letters of Credit
hereunder. Each Issuing Bank may, in its discretion, arrange for one or more
Letters of Credit to be issued by Affiliates or branches of such Issuing Bank,
in which case the term “Issuing Bank” shall include any such Affiliate or branch
with respect to Letters of Credit issued by such Affiliate or branch.
Notwithstanding anything else to the contrary in this Agreement, other than with
respect to the Existing Letters of Credit, each Issuing Bank shall not be
obligated to issue (but may issue) Letters of Credit in an aggregate principal
amount in excess of such Issuing Bank’s pro rata portion (based on the Revolving
Credit Commitments of such Issuing Bank) of the Letter of Credit Sublimit.
“Issuing Bank Fees” shall have the meaning assigned to such term in
Section 2.05(c).
“Issuing Bank/Swing Line Termination Date” shall have the meaning given to that
term in the definition of “Issuing Bank.”
“Judgment Currency” shall have the meaning specified in Section 9.15(d).
“Junior Financing” shall mean any Subordinated Indebtedness which is Material
Indebtedness.
“Junior Financing Documentation” shall mean any indenture and/or other agreement
pertaining to Junior Financing and all documentation delivered pursuant thereto.

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“L/C Backstop” shall mean, in respect of any Letter of Credit, (a) a letter of
credit delivered to the applicable Issuing Bank which may be drawn by such
Issuing Bank to satisfy any obligations of the Borrowers in respect of such
Letter of Credit or (b) cash or Cash Equivalents deposited with such Issuing
Bank to satisfy any obligation of the Borrowers in respect of such Letter of
Credit, in each case, in an amount equal to the Dollar Equivalent of the undrawn
face amount of such Letter of Credit and otherwise on terms and pursuant to
arrangements (including, if applicable, any appropriate reimbursement agreement)
reasonably satisfactory to such Issuing Bank.
“L/C Commitment” shall mean the commitment of an Issuing Bank to issue Letters
of Credit pursuant to Section 2.23.
“L/C Disbursement” shall mean a payment or disbursement made by an Issuing Bank
pursuant to a Letter of Credit.
“L/C Exposure” shall mean the sum of (a) the aggregate undrawn amount of all
outstanding Letters of Credit at such time and (b) the aggregate principal
amount of all L/C Disbursements that have not yet been reimbursed at such time,
in each case, calculated using the Dollar Equivalent at such time of all
outstanding Letters of Credit denominated in an Alternative Currency. The L/C
Exposure of any Revolving Credit Lender at any time shall equal its Pro Rata
Percentage of the aggregate L/C Exposure at such time.
“L/C Participation Fee” shall have the meaning assigned to such term in
Section 2.05(c).
“LCA Election” shall have the meaning assigned to such term in Section 1.11(d).
“LCA Test Date” shall have the meaning assigned to such term in Section 1.11(d).
“Lender Default” shall mean (i) the refusal or failure of any Revolving Credit
Lender to make available its portion of any incurrence of Revolving Loans or
participations in Letters of Credit or Swingline Loans when required hereunder,
which refusal or failure is not cured within one Business Day after the date of
such refusal or failure; (ii) the failure of any Lender to pay over to the
Administrative Agent, any Issuing Bank, the Swingline Lender or any other Lender
any other amount required to be paid by it hereunder within one Business Day of
the date when due, unless the subject of a good faith dispute; (iii) the
notification by a Lender to the Borrower or the Administrative Agent that such
Lender does not intend or expect to comply with any of its funding obligations
hereunder or a public statement by a Lender to that effect with respect to such
Lender’s funding obligations hereunder; (iv) the failure by a Lender to confirm
in a manner reasonably satisfactory to the Administrative Agent that such Lender
will comply with such Lender’s obligations hereunder; or (v) the admission in
writing by a Distressed Person that it is insolvent or such Distressed Person
becoming subject to a Lender-Related Distress Event.
“Lender Presentation” shall mean the lender presentation dated September 9,
2015, relating to the syndication of the initial Credit Facilities.
“Lender-Related Distress Event” shall mean, with respect to any Lender, that
such Lender or any Person that directly or indirectly controls such Lender
(each, a “Distressed Person”), as the case may be, is or becomes subject to a
voluntary or involuntary case with respect to such Distressed Person under any
debt relief law, or a custodian, conservator, receiver, or similar official is
appointed for such Distressed Person or any substantial part of such Distressed
Person’s assets, or such Distressed Person, or any Person that directly or
indirectly controls such Distressed Person is subject to a forced liquidation or
such Distressed Person makes a general assignment for the benefit of creditors
or is otherwise adjudicated as, or determined by any Governmental Authority
having regulatory authority over such Distressed Person or its

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assets to be, insolvent or bankrupt; provided that a Lender-Related Distress
Event shall not be deemed to have occurred solely by virtue of the ownership or
acquisition of any Equity Interests in any Lender or any Person that directly or
indirectly controls such Lender by a Governmental Authority or an
instrumentality thereof.
“Lenders” shall mean the lenders in respect of any Credit Facility from time to
time party hereto. Unless the context indicates otherwise, the term “Lenders”
shall include the Issuing Banks and the Swingline Lender.
“Letter of Credit” shall mean any letter of credit issued (or, in the case of an
Existing Letter of Credit, deemed issued) pursuant to Section 2.23.
“Letter of Credit Application” shall have the meaning assigned to such term in
Section 2.23(b).
“Letter of Credit Expiration Date” shall have the meaning assigned to such term
in Section 2.23(c).
“Letter of Credit Sublimit” shall have the meaning assigned to such term in the
recitals.
“LIBO Rate” shall mean, with respect to any Eurodollar Borrowing of any currency
(other than any Eurodollar Borrowing of Tranche B Term Loans) for any Interest
Period, the rate per annum equal to the ICE Benchmark Administration Limited
LIBOR Rate (“ICE LIBOR”), as published by Reuters (or another commercially
available source providing quotations of ICE LIBOR as designated by the
Administrative Agent from time to time) at approximately 11:00 a.m. (London
time) two (2) Business Days prior to the commencement of such Interest Period
for a period equal to such Interest Period (or on the first day of such Interest
Period in the case of any LIBO Rate Loan denominated in Sterling); provided that
to the extent such market practice is not administratively feasible for the
Administrative Agent, the LIBO Rate shall be applied in a manner as otherwise
reasonably determined by the Administrative Agent; provided, further, that if
the LIBO Rate shall be less than zero, such rate shall be deemed zero for
purposes of this Agreement.
“Lien” shall mean, with respect to any asset, any mortgage, lien (statutory or
otherwise), pledge, hypothecation, charge, security interest, preference,
priority or encumbrance of any kind in respect of such asset, whether or not
filed, recorded or otherwise perfected under applicable law, including any
conditional sale or other title retention agreement, any lease in the nature
thereof and any other agreement to give a security interest in such asset;
provided that in no event shall an operating lease be deemed to constitute a
Lien.
“Limited Condition Acquisition” means any permitted acquisition of or permitted
Investment in any assets, business or Person, in each case the consummation of
which is not conditioned on the availability of, or on obtaining, third party
financing, and which is designated as such by the Parent Borrower in a written
notice to the Administrative Agent on or prior to the date on which the
definitive agreements for such transaction are entered into.
“Limited Non-Guarantor Debt Exceptions” shall have the meaning assigned to such
term in Section 6.01(g).
“Loan Documents” shall mean, collectively, (i) this Agreement, (ii) the Notes,
(iii) the Security Documents, (iv) any Refinancing Amendment, Incremental
Amendment or Extension Offer, (v) any intercreditor agreement contemplated
hereby, (vi) any amendment or joinder to this Agreement, (vii) the

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Fee Letters and (viii) each other agreement that the Parent Borrower and the
Administrative Agent (or the Required Lenders) designate in writing as a Loan
Document.
“Loan Parties” shall mean the Borrowers and the Guarantors.
“Loans” shall mean the Revolving Loans, the Term Loans and the Swingline Loans.
“Margin Stock” shall have the meaning assigned to such term in Regulation U.
“Material Adverse Effect” shall mean a material adverse effect (a) on the
business, operations, assets, financial condition or results of operations of
the Parent Borrower and its Restricted Subsidiaries, taken as a whole or (b) on
any material rights and remedies of the Administrative Agent and the Lenders
under the Loan Documents, taken as a whole.
“Material Indebtedness” shall mean Indebtedness (other than the Loans and
Letters of Credit), or Hedging Obligations, of any one or more of the Parent
Borrower and its Restricted Subsidiaries in an aggregate principal amount
greater than or equal to $50,000,000. For purposes of determining “Material
Indebtedness,” the “principal amount” of the obligations of the Parent Borrower
or any Restricted Subsidiary in respect of any Hedging Obligation at any time
shall be the maximum aggregate amount (giving effect to any netting agreements)
that the Parent Borrower or such Restricted Subsidiary would be required to pay
if the relevant hedging agreement were terminated at such time.
“Maximum Rate” shall have the meaning assigned to such term in Section 9.09.
“Minimum Currency Threshold” shall mean (a) in the case of ABR Loans, $2,000,000
or an integral multiple of $1,000,000 in excess thereof, (b) in the case of
Eurodollar Loans denominated in Dollars, $5,000,000 or an integral multiple of
$1,000,000 in excess thereof, (c) in the case of Revolving Loans denominated in
euro, €1,000,000 or an integral multiple of €1,000,000 in excess thereof, (d) in
the case of Term Loans denominated in euro, €2,500,000 or an integral multiple
of €500,000 in excess thereof, (e) in the case of Loans denominated in Sterling,
£1,000,000 or an integral multiple of £500,000 in excess thereof, (f) in the
case of Loans denominated in Canadian Dollars, C$1,000,000 or an integral
multiple of C$1,000,000 in excess thereof and (g) in the case of Loans
denominated in any other Alternative Currency, such Alternative Currency
equivalent of $1,000,000 or an integral multiple of such Alternative Currency
equivalent of $1,000,000 in excess thereof.
“MFN Adjustment” shall have the meaning set forth in Section 2.24(d).
“Minimum Extension Condition” shall have the meaning set forth in Section
2.25(b).
“Moody’s” shall mean Moody’s Investors Service, Inc., or any successor thereto.
“Mortgaged Properties” shall mean each parcel of fee owned real property located
in the United States with a book value as reasonably estimated by the Parent
Borrower in excess of $10,000,000 and improvements thereto with respect to which
a Mortgage is granted pursuant to Section 5.09 or Section 5.10 to secure the
Obligations.
“Mortgages” shall mean the mortgages, deeds of trust and other security
documents granting a Lien on any fee owned real property or interest therein to
secure the Secured Obligations, each in a form reasonably satisfactory to the
Collateral Agent.

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“Multiemployer Plan” shall mean a multiemployer plan as defined in Section
4001(a)(3) of ERISA under which any Loan Party or any ERISA Affiliate has any
obligation or liability (contingent or otherwise).
“Net Cash Proceeds” shall mean (a) with respect to any Disposition or Property
Loss Event, the proceeds thereof in the form of cash and Cash Equivalents
(including any such proceeds subsequently received (as and when received) in
respect of deferred payments or noncash consideration initially received, net of
any costs relating to the disposition thereof), net of (i) out-of-pocket
expenses incurred (including reasonable and customary broker’s fees or
commissions, investment banking, consultant, legal, accounting or similar fees,
survey costs, title insurance premiums, and related search and recording
charges, transfer, deed, recording and similar taxes incurred by the Parent
Borrower and its Restricted Subsidiaries in connection therewith), and the
Parent Borrower’s good faith estimate of Taxes paid or payable (including
payments under any tax sharing agreement or arrangement of the type described in
clause (b)(i) of the definition of “Excess Cash Flow”), in connection with such
Disposition or such Property Loss Event (including, in the case of any such
Disposition or Property Loss Event in respect of property of any Foreign
Subsidiary, Taxes payable upon the repatriation of any such proceeds),
(ii) amounts provided as a reserve, in accordance with GAAP, against any (x)
liabilities under any indemnification obligations or purchase price adjustment
associated with such Disposition and (y) other liabilities associated with the
asset disposed of and retained by the Parent Borrower or any of its Restricted
Subsidiaries after such disposition, including pension and other post-employment
benefit liabilities and liabilities related to environmental matters (provided
that to the extent and at the time any such amounts are released from such
reserve, such amounts shall constitute Net Cash Proceeds), (iii) the principal
amount, premium or penalty, if any, interest and other amounts on any
Indebtedness or other obligation which is secured by a Lien on the asset sold
that (A) has priority over the Lien securing the Obligations and which is repaid
(other than Indebtedness hereunder) or (B) is required to be repaid and is
repaid pursuant to intercreditor arrangements entered into by the Administrative
Agent or the Collateral Agent and (iv) in the case of any such Disposition or
Property Loss Event by a non-Wholly-Owned Restricted Subsidiary, the pro rata
portion of the Net Cash Proceeds thereof (calculated without regard to this
clause (iv)) attributable to minority interests and not available for
distribution to or for the account of the Parent Borrower or a wholly owned
Restricted Subsidiary as a result thereof and (b) with respect to any incurrence
of Indebtedness, the cash proceeds thereof, net of all Taxes (including, in the
case of such Indebtedness incurred by a Foreign Subsidiary, Taxes payable upon
the repatriation of any such proceeds) and customary fees, commissions, costs
and other expenses incurred by the Parent Borrower and its Restricted
Subsidiaries in connection therewith.
“New York Process Agent” shall have the meaning assigned to such term in Section
9.15(e).
“Non-Bank Certificate” shall have the meaning assigned to such term in Section
2.20(e)(ii)(C).
“Non-Consenting Lenders” shall have the meaning assigned to such term in
Section 2.21.
“Non-Debt Fund Affiliate” means any Affiliate of Holdings, including Holdings or
any of its subsidiaries, but excluding (a) any Debt Fund Affiliate and (b) any
natural person.
“Note” shall have the meaning specified in Section 2.04(e).
“Notice of Intent to Cure” shall have the meaning specified in Section 7.02(a).
“Not Otherwise Applied” shall mean, with reference to any amount of Net Cash
Proceeds of any transaction or event, that such amount was both (a) not required
to be applied to prepay the Loans pursuant to Section 2.13, and (b) not
previously applied in determining the permissibility of a transaction under

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the Loan Documents where such permissibility was (or may have been) contingent
on receipt of such amount or utilization of such amount for a specified purpose.
The Borrowers shall promptly notify the Administrative Agent of any application
of such amount as contemplated by clause (b) above.
“Obligations” shall mean the Domestic Obligations and the Foreign Obligations.
“OFAC” shall mean the Office of Foreign Assets Control of the U.S. Treasury
Department.
“Offered Amount” has the meaning set forth in Section 2.12(f)(iv)(1).
“Offered Discount” has the meaning set forth in Section 2.12(f)(iv)(1).
“Officer’s Certificate” shall mean a certificate signed on behalf of the Parent
Borrower by a Responsible Officer of the Parent Borrower.
“Organization Documents” means, (a) with respect to any corporation, the
certificate or articles of incorporation and the bylaws (or equivalent or
comparable constitutive documents with respect to any non-U.S. jurisdiction);
(b) with respect to any limited liability company, the certificate or articles
of formation or organization and operating agreement; and (c) with respect to
any partnership, joint venture, trust or other form of business entity, the
partnership, joint venture or other applicable agreement of formation or
organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or
organization of such entity.
“Opinion of Counsel” shall mean a written opinion from legal counsel who is
reasonably acceptable to the Administrative Agent. The counsel may be an
employee of or counsel to the Borrowers or the relevant Agent.
“Other Taxes” shall mean all present or future stamp, court, filing, recording,
documentary, intangible or similar Taxes arising from the execution, delivery,
registration or enforcement of, or otherwise with respect to, any Loan Document.
“Parent Borrower” shall have the meaning assigned to such term in the preamble.
“Participating Lender” shall have the meaning set forth in
Section 2.12(f)(iii)(2).
“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and
defined in ERISA.
“Pension Event” shall mean (a) the whole or partial withdrawal of a Loan Party
or any Restricted Subsidiary from a Foreign Plan during a Foreign Plan year,
(b) the filing or a notice of interest to terminate in whole or in part a
Foreign Plan or the treatment of a Foreign Plan amendment as a termination or
partial termination, (c) the institution of proceedings by any Governmental
Authority to terminate in whole or in part or have a trustee appointed to
administer a Foreign Plan, (d) any other event or condition which might
constitute grounds for the termination of, winding up or partial termination or
winding up or the appointment of a trustee to administer, any Foreign Plan,
(e) the failure to satisfy any statutory funding requirement, (f) the adoption
of any amendment to a Foreign Plan that would require the provision of security
pursuant to applicable law or (g) any other extraordinary event or condition
with respect to a Foreign Plan which could reasonably be expected to result in a
Lien or any acceleration of any statutory requirement to fund all or a
substantial portion of the unfunded accrued benefit liabilities of such plan.

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“Pension Plan” shall mean any employee pension benefit plan as defined in
Section 3(2) of ERISA (other than a Multiemployer Plan or Foreign Plan) that is
subject to Title IV of ERISA and/or Section 412 of the Code or Section 302 of
ERISA and is sponsored or maintained by any Loan Party or any ERISA Affiliate or
to which any Loan Party or any ERISA Affiliate contributes or has any obligation
or liability (contingent or otherwise).
“Perfection Certificate” shall mean a perfection certificate executed by the
Loan Parties in a form reasonably approved by the Collateral Agent, as the same
shall be supplemented from time to time.
“Permitted Asset Swap” shall mean, to the extent allowable under Section 1031 of
the Code, the concurrent purchase and sale or exchange of Related Business
Assets or a combination of Related Business Assets (excluding any boot thereon)
between the Parent Borrower or any of its Restricted Subsidiaries and another
Person.
“Permitted First Priority Refinancing Debt” means any secured Indebtedness
(including any Registered Equivalent Notes) incurred by the Parent Borrower or
any other Loan Party in the form of one or more series of senior secured notes;
provided that (i) such Indebtedness is subject to intercreditor arrangements
reasonably satisfactory to the Collateral Agent and is not secured by any
property or assets of Holdings, the Parent Borrower or any Restricted Subsidiary
other than the Collateral, except to the extent permitted by the applicable
intercreditor agreement, (ii) such Indebtedness is not at any time guaranteed by
any Person that is not a Guarantor and (iii) except in the case of any such
Indebtedness in the form of a bridge loan intended to be refinanced with a
securities offering the maturity date of which provides for an automatic
extension of the maturity date thereof, subject to customary conditions, to a
date that is not earlier than the then latest Term Loan Maturity Date at the
time such Indebtedness is incurred or issued, such Indebtedness does not mature
prior to the date that is the then latest Term Loan Maturity Date, or have a
Weighted Average Life to Maturity less than the Weighted Average Life to
Maturity of, any Term Loan outstanding at the time such Indebtedness is incurred
or issued. Permitted First Priority Refinancing Debt will include any Registered
Equivalent Notes issued in exchange therefor.
“Permitted Investments” shall mean:
(a)    any Investment in the Parent Borrower or any of its Restricted
Subsidiaries; provided that the aggregate amount of all Investments made by Loan
Parties in Restricted Subsidiaries that are not Loan Parties made pursuant to
this clause (a) shall not exceed at any time outstanding the sum of (i) the
greater of (A) $150,000,000 and (B) 3.75% of Total Assets and (ii) the Net Cash
Proceeds from any Disposition or Property Loss Event which are not required to
be used prior to such time to prepay Term Loans or reinvested (other than in
reliance on this clause (a)) pursuant to Section 2.13(b); provided, further,
that any Investment in a Restricted Subsidiary that is not a Loan Party made
pursuant to this clause (a) shall not be subject to the immediately preceding
proviso if such Restricted Subsidiary subsequently becomes a Loan Party;
(b)    any Investment in cash and Cash Equivalents or Investment Grade
Securities;
(c)    any Investment by the Parent Borrower or any of its Restricted
Subsidiaries in a Person that is engaged in a Similar Business if as a result of
such Investment:
(i)    such Person becomes a Loan Party; or
(ii)    such Person, in one transaction or a series of related transactions, is
merged or consolidated or amalgamated with or into, or transfers or conveys
substantially all of its assets to, or is liquidated into, a Loan Party,

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and, in each case, any Investment held by such Person; provided that such
Investment was not acquired by such Person in contemplation of such acquisition,
merger, consolidation or transfer;
(d)    any Investment in securities or other assets not constituting cash, Cash
Equivalents or Investment Grade Securities and received in connection with a
Disposition made pursuant to Section 6.05 or any other disposition of assets not
constituting a Disposition;
(e)    any Investment existing on the Closing Date or made pursuant to binding
commitments in effect on the Closing Date, or an Investment consisting of any
extension, modification or renewal of any Investment existing on the Closing
Date; provided that the amount of any such Investment may be increased (i) as
required by the terms of such Investment as in existence on the Closing Date or
(ii) as otherwise permitted under this Agreement;
(f)    any Investment acquired by the Parent Borrower or any of its Restricted
Subsidiaries:
(i)    in exchange for any other Investment or accounts receivable held by the
Parent Borrower or any such Restricted Subsidiary in connection with or as a
result of a bankruptcy workout, reorganization or recapitalization of the issuer
of such other Investment or accounts receivable; or
(ii)    as a result of a foreclosure by the Parent Borrower or any of its
Restricted Subsidiaries with respect to any secured Investment or other transfer
of title with respect to any secured Investment in default;
(g)    Hedging Obligations permitted under Section 6.01(b)(ix);
(h)    Loans repurchased by the Parent Borrower or a Restricted Subsidiary, or
purchased by Holdings and contributed to the Parent Borrower, pursuant to and in
accordance with Section 2.12(f) or Section 9.04, so long as such Loans are
immediately cancelled;
(i)    Investments the payment for which consists of Equity Interests (exclusive
of Disqualified Stock) of the Parent Borrower or any of its direct or indirect
parent companies; provided, however, that such Equity Interests will not
increase the Restricted Payment Applicable Amount;
(j)    Indebtedness permitted under Section 6.01, performance guaranties
consistent with past practice or required under applicable Requirements of Law
or pursuant to any statutory filing and Liens permitted by Section 6.02;
(k)    any transaction to the extent it constitutes an Investment that is
permitted and made in accordance with Section 6.06;
(l)    Investments consisting of purchases and acquisitions of inventory,
supplies, material or equipment;
(m)    additional Investments having an aggregate amount, taken together with
all other Investments made pursuant to this clause (m) that are at the time
outstanding, not to exceed the greater of $175,000,000 and 4.375% of Total
Assets; provided, further, that any Investment in a Person that is not a Loan
Party made pursuant to this clause (m) shall be deemed permitted under

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clause (a) above (without giving effect to the provisos thereto) and shall not
be included as having been made pursuant to this clause (m) if such Person
subsequently becomes a Loan Party;
(n)    Investments relating to a Receivables Subsidiary that, in the good faith
determination of the Parent Borrower, are necessary or advisable to effect any
Receivables Facility;
(o)    loans and advances to, or guarantees of Indebtedness of, directors,
employees, officers and consultants not in excess of the greater of $20,000,000
and 0.5% of Total Assets outstanding at any one time, in the aggregate;
(p)    loans and advances to officers, directors and employees for moving or
relocation expenses and other similar expenses, in each case incurred in the
ordinary course of business or to fund such Person’s purchase of Equity
Interests of the Parent Borrower or any direct or indirect parent company
thereof;
(q)    Investments in the ordinary course of business consisting of endorsements
for collection or deposit;
(r)    additional Investments in joint ventures in an aggregate amount not to
exceed the greater of $30,000,000 and 0.75% of Total Assets at any time
outstanding;
(s)    loans and advances relating to indemnification or reimbursement of any
officers, directors or employees in respect of liabilities relating to their
serving in any such capacity or as otherwise specified in Section 6.06;
(t)    Investments in the nature of pledges or deposits with respect to leases
or utilities provided to third parties in the ordinary course of business;
(u)    Investments in industrial development or revenue bonds or similar
obligations secured by assets leased to and operated by the Parent Borrower or
any of its subsidiaries that were issued in connection with the financing of
such assets, so long as the Parent Borrower or any such subsidiary may obtain
title to such assets at any time by optionally canceling such bonds or
obligations, paying a nominal fee and terminating such financing transaction;
(v)    deposits made by the Parent Borrower and Foreign Subsidiaries in Cash
Pooling Arrangements;
(w)    Investments made in connection with the Foreign Subsidiary
Reorganization;
(x)    Investments in (i) new offshore finance companies, including, without
limitation, non-Wholly-Owned Subsidiaries and (ii) new Foreign Subsidiaries that
would engage in transactions with other Foreign Subsidiaries to maximize tax
efficiency and dividend capacity;
(y)    extensions of trade credit in the ordinary course of business;
(z)    Investments consisting of (i) non-exclusive licensing of intellectual
property pursuant to joint marketing arrangements with other Persons or (ii)
exclusive licensing of intellectual property pursuant to joint marketing
arrangements with other Persons; provided, such exclusive license is limited to
a specific geographic region or geographic area;

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(aa)    Investments consisting of earnest money deposits required in connection
with a purchase agreement or other acquisition permitted hereunder; and
(bb)    guarantees (including Guarantees) of Indebtedness permitted under
Section 6.01(b)(xvi) and performance guarantees consistent with past practice
and the creation of liens on the assets of the Borrowers or any Restricted
Subsidiaries in compliance with Section 6.02.
To the extent a Permitted Investment is permitted to be made by a Loan Party
directly in any Restricted Subsidiary or any other Person who is not a Loan
Party (each such person, a “Target Person”), such Investment may be made by
advance, contribution or distribution by a Loan Party to a Restricted Subsidiary
or Holdings, and further contemporaneously advanced or contributed to a
Restricted Subsidiary for purposes of making the relevant Investment in the
Target Person without constituting an Investment for purposes of this definition
(it being understood that such Investment must satisfy the requirements of, and
shall count towards any thresholds in, a provision of this definition or a
provision in Section 6.03 as if made by the applicable Loan Party directly to
the Target Person).
For purposes of this definition, in the event that a proposed Investment (or
portion thereof) meets the criteria of more than one of the categories of
Permitted Investments described in clauses (a) through (bb) above, or is
otherwise entitled to be incurred or made pursuant to Section 6.03, the Parent
Borrower will be entitled to classify, or later reclassify, such Investment (or
portion thereof) in one or more of such categories set forth above or under
Section 6.03.
“Permitted Investors” shall mean (a) the Sponsor, (b) [reserved], (c) any Person
who is an officer or otherwise a member of management of Holdings or any of its
subsidiaries on the Closing Date; provided that if such officers and members of
management beneficially own more shares of voting stock of the Parent Borrower
or its direct or indirect parent than the number of shares beneficially owned by
all the officers on the Closing Date or issued within 90 days thereafter, such
excess shall be deemed not to be beneficially owned by the Permitted Investors,
(d) any Related Entity of any of the foregoing Persons and (e) any “group”
(within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities
Exchange Act of 1934 or any successor provision) of which any of the foregoing
are members; provided that in the case of such “group” and without giving effect
to the existence of such “group” or any other “group,” such Persons specified in
clause (a), (c), or (d) above (subject, in the case of officers, to the
foregoing limitation), collectively, have beneficial ownership, directly or
indirectly, of more than 50% of the total voting power of the voting stock of
the Parent Borrower or any of its direct or indirect parent entities held by
such “group,” and provided, further, that, in no event shall the Sponsor own a
lesser percentage of voting stock than any other person or group referred to in
clause (c), or (d).
“Permitted Junior Priority Refinancing Debt” means secured Indebtedness
(including any Registered Equivalent Notes) incurred by the Parent Borrower or
any other Loan Party in the form of one or more series of second lien (or other
junior lien) secured notes or second lien (or other junior lien) secured loans;
provided that (i) such Indebtedness is subject to intercreditor agreements
reasonably satisfactory to the Collateral Agent, is secured by the Collateral on
a second priority (or other junior priority) basis to the Liens securing the
Obligations and the obligations in respect of any Permitted First Priority
Refinancing Debt and is not secured by any property or assets of Holdings, the
Parent Borrower or any Restricted Subsidiary other than the Collateral, except
to the extent permitted by the applicable intercreditor agreement, (ii) such
Indebtedness may be secured by a Lien on the Collateral that is junior to the
Liens securing the Obligations and the obligations in respect of any Permitted
First Priority Refinancing Debt, notwithstanding any provision to the contrary
contained in the definition of “Credit Agreement Refinancing Indebtedness” and
(iii) such Indebtedness meets the Permitted Other Debt Conditions. Permitted
Junior Priority Refinancing Debt will include any Registered Equivalent Notes
issued in exchange therefor.

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“Permitted Liens” shall mean, with respect to any Person:
(a)    pledges, deposits or security by such Person under workmen’s compensation
laws, unemployment insurance laws, social security laws or regulations or
similar legislation, or deposits in connection with bids, tenders, contracts
(other than for the payment of Indebtedness) or leases to which such Person is a
party, or deposits to secure public or statutory obligations of such Person or
deposits of cash or government bonds to secure surety or appeal bonds to which
such Person is a party, or deposits as security for contested taxes or import
duties or for the payment of rent, or deposits or other security securing
liabilities to insurance carriers under insurance or self-insurance arrangements
or earnest money deposits required in connection with a purchase agreement or
other acquisition, in each case incurred in the ordinary course of business or
consistent with past practice;
(b)    Liens imposed by law constituting carriers’, warehousemen’s,
materialmen’s, repairmen’s, mechanics’ and other like Liens, (i) not yet overdue
for a period of more than 60 days or (ii) that are being contested in good faith
by appropriate proceedings or other Liens arising out of judgments or awards
against such Person with respect to which such Person shall then be proceeding
with an appeal or other proceedings for review if adequate reserves with respect
thereto are maintained on the books of such Person in accordance with GAAP;
(c)    Liens for taxes, assessments or other governmental charges (i) not yet
overdue for a period of more than 45 days or the nonpayment of which in the
aggregate would not reasonably be expected to result in a Material Adverse
Effect, (ii) which are being contested in good faith by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained
on the books of such Person in accordance with GAAP or (iii) for property taxes
on property (other than any Mortgaged Property) that the Parent Borrower or one
of its subsidiaries has determined to abandon if the sole recourse for such tax,
assessment, charge, levy or claim is to such property;
(d)    Liens in favor of the issuer of stay, customs, appeal, performance,
indemnity, warranty, release and surety bonds or bid bonds or with respect to
other regulatory requirements or letters of credit, bank guarantees or bankers’
acceptance issued, and compulsory guarantees provided for, in each case pursuant
to the request of and for the account of such Person in the ordinary course of
its business or consistent with past practice;
(e)    minor survey exceptions, encumbrances, ground leases, easements or
reservations of, or rights of others for, licenses, rights-of-way, sewers,
electric lines, telegraph and telephone lines and other similar purposes, or
zoning, building codes or other restrictions (including, without limitation,
minor defects or irregularities in title and similar encumbrances) as to the use
of real properties or Liens incidental to the conduct of the business of such
Person or to the ownership of its properties which do not in the aggregate
materially adversely affect the value of said properties or materially impair
their use in the operation of the business of such Person;
(f)    Liens securing Indebtedness permitted to be incurred pursuant to
Section 6.01(b)(ii), (iv), (xvii), (xviii), (xxii) and (xxvi); provided, that
Liens securing Indebtedness permitted to be incurred pursuant to clause (xvii)
shall extend only to the assets of Foreign Subsidiaries and Liens securing
Indebtedness permitted to be incurred pursuant to paragraphs (b)(iv) and
(b)(xviii) are solely on the assets financed, purchased, constructed, improved,
acquired or assets of the acquired entity, as the case may be; provided,
further, that the Liens securing such Indebtedness shall be subject to
intercreditor arrangements reasonably satisfactory to the Collateral Agent to
the extent such Indebtedness is secured by the Collateral;

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(g)    Liens existing on the Closing Date; provided that any Lien securing
Indebtedness in excess of $5,000,000 in the aggregate shall only be permitted to
the extent such Lien is listed on Schedule 6.02;
(h)    subject to intercreditor arrangements reasonably satisfactory to the
Collateral Agent, Liens on Collateral securing Indebtedness permitted to be
incurred pursuant to Sections 6.01(a), 6.01(b)(ii), or 6.01(b)(xiii) (i) ranking
junior to the Liens securing the Obligations or (ii) ranking pari passu with the
Liens securing the Obligations so long as in the case of this clause (ii), (x)
after giving pro forma effect to the incurrence of any such Indebtedness in
reliance on this clause (ii), the First Lien Net Leverage Ratio is no greater
than 3.30 to 1.00 (assuming any revolving facility incurred in connection
therewith is fully drawn and without netting the cash proceeds of such
Indebtedness; provided, that to the extent the proceeds thereof are used to
repay Indebtedness, pro forma effect shall be given to such repayment of
Indebtedness) and (y) such Indebtedness satisfies the Incremental Equivalent
Debt Conditions as if it was Incremental Equivalent Debt;
(i)    Liens on property or shares of stock of a Person at the time such Person
becomes a subsidiary; provided, however, such Liens are not created or incurred
in connection with, or in contemplation of, such other Person becoming such a
subsidiary; provided, further, that such Liens may not extend to any other
property owned by the Parent Borrower or any of its subsidiaries;
(j)    Liens on property at the time the Parent Borrower or a Restricted
Subsidiary acquired the property, including any acquisition by means of a merger
or consolidation with or into the Parent Borrower or any of its Restricted
Subsidiaries; provided, however, that such Liens are not created or incurred in
connection with, or in contemplation of, such acquisition; provided, further,
that the Liens may not extend to any other property owned by the Parent Borrower
or any of its Restricted Subsidiaries;
(k)    Liens securing Indebtedness or other obligations of the Parent Borrower
or a Restricted Subsidiary owing to the Parent Borrower or another Restricted
Subsidiary permitted to be incurred in accordance with Section 6.01(b)(vii);
(l)    Liens securing (i) Hedging Obligations or (ii) Cash Management
Obligations;
(m)    Liens on specific items of inventory or other goods and proceeds of any
Person securing such Person’s obligations in respect of bankers’ acceptances,
bank guarantees or letters of credit issued or created for the account of such
Person to facilitate the purchase, shipment or storage of such inventory or
other goods, and pledges or deposits in the ordinary course of business securing
inventory purchases from vendors;
(n)    leases, subleases, licenses or sublicenses (including, without
limitation, licenses and sublicenses of intellectual property) granted to others
in the ordinary course of business which do not materially interfere with the
business of the Parent Borrower or any of its Restricted Subsidiaries or which
do not by their own terms secure any Indebtedness;
(o)    Liens arising from UCC financing statement filings regarding operating
leases or consignments entered into by the Parent Borrower and its Restricted
Subsidiaries in the ordinary course of business;
(p)    Liens in favor of any Borrower or any Restricted Guarantor;

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(q)    Liens on inventory or equipment of the Parent Borrower or any of its
Restricted Subsidiaries granted in the ordinary course of business to the Parent
Borrower’s or such Restricted Subsidiary’s clients or customers at which such
inventory or equipment is located;
(r)    Liens on accounts receivable and related assets incurred in connection
with a Receivables Facility;
(s)    Liens to secure any refinancing, refunding, extension, renewal or
replacement (or successive refinancing, refunding, extensions, renewals or
replacements) as a whole, or in part, of any Indebtedness permitted by Section
6.01 and secured by any Lien referred to in the foregoing clauses (f), (g), (i),
and (j); provided, however, that such new Lien shall be limited to all or part
of the same property that secured the original Lien (plus improvements on such
property and proceeds and products thereof and customary security deposits);
(t)    pledges or deposits made in the ordinary course of business to secure
liability to insurance carriers and Liens on insurance policies and the proceeds
thereof (whether accrued or not), rights or claims against an insurer or other
similar asset securing insurance premium financings permitted under Section
6.01(b)(xxiv);
(u)    Liens securing judgments for the payment of money not constituting an
Event of Default;
(v)    Liens in favor of customs and revenue authorities arising as a matter of
law to secure payment of customs duties in connection with the importation of
goods in the ordinary course of business;
(w)    Liens (i) of a collection bank arising under Section 4-210 of the UCC on
items in the course of collection, (ii) attaching to commodity trading accounts
or other commodity brokerage accounts incurred in the ordinary course of
business, and (iii) in favor of banking institutions arising as a matter of law
encumbering deposits (including the right of set-off) and which are within the
general parameters customary in the banking industry;
(x)    Liens deemed to exist in connection with Investments in repurchase
agreements; provided that such Liens do not extend to any assets other than
those that are the subject of such repurchase agreement;
(y)    Liens encumbering reasonable customary initial deposits and margin
deposits and similar Liens attaching to commodity trading accounts or other
brokerage accounts incurred in the ordinary course of business and not for
speculative purposes;
(z)    Liens that are contractual rights of set-off (i) relating to the
establishment of depository relations with banks not given in connection with
the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts
of the Parent Borrower or any of its Restricted Subsidiaries to permit
satisfaction of overdraft or similar obligations incurred in the ordinary course
of business of the Parent Borrower and its Restricted Subsidiaries or
(iii) relating to purchase orders and other agreements entered into with
customers of the Parent Borrower or any of its Restricted Subsidiaries in the
ordinary course of business;
(aa)    Liens securing the Obligations and the Secured Obligations;

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(bb)    Liens on cash deposits of the Parent Borrower and Foreign Subsidiaries
subject to a Cash Pooling Arrangement or otherwise over bank accounts of the
Parent Borrower and Foreign Subsidiaries maintained as part of the Cash Pooling
Arrangement, in each case securing liabilities for overdrafts of the Parents
Borrower and Foreign Subsidiaries participating in such Cash Pooling
Arrangements;
(cc)    any encumbrance or retention (including put and call agreements and
rights of first refusal) with respect to the Equity Interests of any joint
venture or similar arrangement pursuant to the joint venture or similar
agreement with respect to such joint venture or similar arrangement;
(dd)    Liens on property subject to Sale and Lease-Back Transactions permitted
hereunder and general intangibles related thereto;
(ee)    Liens consisting of contractual restrictions of the type described in
the definition of Restricted Cash;
(ff)    other Liens securing Indebtedness or other obligations which do not
exceed the greater of $100,000,000 and 2.5% of Total Assets at any one time
outstanding;
(gg)    Liens on the Collateral securing obligations in respect of Credit
Agreement Refinancing Indebtedness in the form of Permitted First Priority
Refinancing Debt or Permitted Junior Priority Refinancing Debt and any permitted
refinancing of any of the foregoing;
(hh)    the rights reserved or vested in any Person by the terms of any lease,
license, franchise, grant or permit held by the Parent Borrower or any
Restricted Subsidiaries or by a statutory provision, to terminate any such
lease, license, franchise, grant or permit or to require annual or periodic
payments as a condition to the continuation thereof;
(ii)    Liens solely on any cash earnest money deposits made by the Parent
Borrower or any Restricted Subsidiaries in connection with any letter of intent
or purchase agreement permitted under this Agreement;
(jj)    Liens with respect to the assets of a Restricted Subsidiary that is not
a Guarantor securing Indebtedness of such Restricted Subsidiary incurred in
accordance with Section 6.01;
(kk)    Liens arising by operation of law under Article 2 of the UCC in favor of
a reclaiming seller of goods or buyer of goods;
(ll)    landlords’ and lessors’ Liens in respect of rent not in default for more
than 60 days or the existence of which, individually or in the aggregate, would
not reasonably be expected to result in a Material Adverse Effect; and
(mm)    Liens on the Capital Stock of Unrestricted Subsidiaries.
“Permitted Other Debt Conditions” means that such applicable Indebtedness
(i) does not mature or have scheduled amortization payments of principal or
payments of principal and is not subject to mandatory redemption, repurchase,
prepayment or sinking fund obligations (except (x) customary asset sale or
change of control or similar event provisions that provide for the prior
repayment in full of the Loans and all other Obligations, (y) AHYDO Payments and
(z) to the extent constituting Permitted Junior Priority Refinancing Debt,
mandatory repayments or prepayments (or offers to prepay or repurchase) that are

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customarily available in junior secured loan facilities or note issuances), in
each case prior to the latest Term Loan Maturity Date at the time such
Indebtedness is incurred, (ii) is not at any time guaranteed by any Person that
is not a Guarantor and (iii) to the extent secured, is not secured by property
or assets of Holdings, the Parent Borrower or any Restricted Subsidiary other
than the Collateral, except to the extent permitted by the applicable
intercreditor agreement.
“Permitted Unsecured Refinancing Debt” means unsecured Indebtedness (including
any unsecured Registered Equivalent Notes) incurred by the Parent Borrower or
any Loan Party in the form of one or more series of senior unsecured notes or
loans; provided that such Indebtedness (i) constitutes Credit Agreement
Refinancing Indebtedness and (ii) meets the Permitted Other Debt Conditions.
“Person” shall mean any natural person, corporation, business trust, joint
venture, association, company, limited liability company, partnership,
Governmental Authority or other entity.
“Platform” shall have the meaning assigned to such term in Section 5.04
“Potentially Restricted Revolving Credit Lender” shall mean each Revolving
Credit Lender party to this Agreement which notifies the Administrative Agent at
any time from time to time that it is unwilling to make extensions of credit
pursuant to its Revolving Credit Commitment to Foreign Subsidiary Borrowers in
certain jurisdictions.
“Preferred Stock” shall mean any Equity Interest with preferential rights of
payment of dividends or upon liquidation, dissolution, or winding up.
“Prepayment Asset Sale” shall mean any Disposition, to the extent that (a) the
aggregate Net Cash Proceeds of all such Dispositions during any fiscal year
exceed $25,000,000 and (b) the aggregate Net Cash Proceeds of all such
Dispositions during any five fiscal year period exceed $50,000,000; provided,
however, that the term “Prepayment Asset Sale” shall not include any transaction
permitted (or not expressly prohibited) by Section 6.05 (other than transactions
consummated in reliance on Section 6.05(o) and (p)).
“Pricing Certificate” shall mean a certificate delivered pursuant to
Section 5.04(c).
“Prime Rate” shall mean the rate of interest per annum announced from time to
time by Citibank, N.A. as its prime rate in effect at its principal office in
New York City; each change in the Prime Rate shall be effective as of the
opening of business on the date such change is announced as being effective. The
Prime Rate is a reference rate and does not necessarily represent the lowest or
best rate actually available.
“Property Loss Event” shall mean any event that gives rise to the receipt by the
Parent Borrower or any of its Restricted Subsidiaries of any insurance proceeds
or condemnation awards in respect of any equipment, fixed assets or real
property (including any improvements thereon) to replace or repair such
equipment, fixed assets or real property; provided, however, for purposes of
determining whether a prepayment under Section 2.13(b) would be required, a
Property Loss Event shall be deemed to have occurred only to the extent that the
aggregate Net Cash Proceeds (a) of all such events during any fiscal year exceed
$25,000,000 and (b) of all such events during any five-fiscal year period exceed
$50,000,000.
“Pro Rata Percentage” of any Revolving Credit Lender at any time shall mean the
percentage of the Total Revolving Credit Commitment then in effect represented
by such Lender’s applicable Revolving Credit Commitment. In the event the
applicable Revolving Credit Commitments shall have expired or been terminated,
the Pro Rata Percentages of any Revolving Credit Lender shall be determined on
the

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basis of the applicable Revolving Credit Commitments most recently in effect,
giving effect to any subsequent assignments.
“Public Lender” shall have the meaning assigned to such term in Section 5.04.
“Qualified Capital Stock” of any Person shall mean any Equity Interest of such
Person that is not Disqualified Stock.
“Qualified Proceeds” shall mean assets that are used or useful in, or Capital
Stock of any Person engaged in, a Similar Business; provided that the fair
market value of any such assets or Capital Stock shall be determined by the
Parent Borrower in good faith.
“Qualifying Lender” has the meaning set forth in Section 2.12(f)(iv)(3).
“Rating Agencies” shall mean Moody’s and S&P or if Moody’s or S&P or any other
nationally recognized statistical rating agency or agencies.
“Ratio Calculation Date” shall have the meaning assigned to such term in Section
1.11(a).
“Receivables Facility” shall mean any of one or more receivables financing
facilities as amended, supplemented, modified, extended, renewed, restated or
refunded from time to time, the obligations of which are non-recourse (except
for customary representations, warranties, covenants and indemnities made in
connection with such facilities) to the Parent Borrower or any of its Restricted
Subsidiaries (other than a Receivables Subsidiary) pursuant to which the Parent
Borrower or any of its Restricted Subsidiaries sells their accounts receivable
to either (A) a Person that is not a Restricted Subsidiary or (B) a Receivables
Subsidiary that in turn sells its accounts receivable to a Person that is not a
Restricted Subsidiary.
“Receivables Fees” shall mean distributions or payments made directly or by
means of discounts with respect to any accounts receivable or participation
interest therein issued or sold in connection with, and other fees paid to a
Person that is not a Restricted Subsidiary in connection with, any Receivables
Facility.
“Receivables Subsidiary” shall mean any subsidiary formed for the purpose of,
and that solely engages only in one or more Receivables Facilities and other
activities reasonably related thereto.
“Refinanced Debt” has the meaning set forth in the definition of “Credit
Agreement Refinancing Indebtedness.”
“Refinanced Term Loans” shall have the meaning assigned to such term in Section
9.08(d).
“Refinancing Amendment” means an amendment to this Agreement executed by each of
(a) the Parent Borrower, (b) the Administrative Agent, (c) each Additional
Refinancing Lender and (d) each Lender that agrees to provide any portion of
Refinancing Term Loans, Refinancing Revolving Credit Commitments or Refinancing
Revolving Credit Loans incurred pursuant thereto, in accordance with
Section 2.27.
“Refinancing Indebtedness” shall have the meaning assigned to such term in
Section 6.01(b)(xii).
“Refinancing Revolving Credit Commitments” means one or more Classes of
Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

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“Refinancing Revolving Credit Loans” means one or more Classes of Revolving
Loans that result from a Refinancing Amendment.
“Refinancing Series” means all Refinancing Term Loans, Refinancing Term
Commitments, Refinancing Revolving Credit Loans, or Refinancing Revolving Credit
Commitments that are established pursuant to the same Refinancing Amendment (or
any subsequent Refinancing Amendment to the extent such Refinancing Amendment
expressly provides that the Refinancing Term Loans, Refinancing Term
Commitments, Refinancing Revolving Credit Loans or Refinancing Revolving Credit
Commitments provided for therein are intended to be a part of any previously
established Refinancing Series) and that provide for the same All-In Yield and,
if applicable, amortization schedule.
“Refinancing Term Commitments” means one or more term loan commitments hereunder
that fund Refinancing Term Loans of the applicable Refinancing Series hereunder
pursuant to a Refinancing Amendment.
“Refinancing Term Loans” means one or more Classes of Term Loans that result
from a Refinancing Amendment.
“Refunding Capital Stock” shall have the meaning set forth in
Section 6.03(b)(ii).
“Register” shall have the meaning assigned to such term in Section 9.04(d).
“Registered Equivalent Notes” means, with respect to any notes originally issued
in an offering pursuant to Rule 144A under the Securities Act or other private
placement transaction under the Securities Act, substantially identical notes
(having the same guarantees) issued in a dollar-for-dollar exchange therefor
pursuant to an exchange offer registered with the SEC.
“Regulation T” shall mean Regulation T of the Board as from time to time in
effect and all official rulings and interpretations thereunder or thereof.
“Regulation U” shall mean Regulation U of the Board as from time to time in
effect and all official rulings and interpretations thereunder or thereof.
“Regulation X” shall mean Regulation X of the Board as from time to time in
effect and all official rulings and interpretations thereunder or thereof.
“Related Business Assets” shall mean assets (other than cash or Cash
Equivalents) used or useful in a Similar Business, provided that any assets
received by the Parent Borrower or a Restricted Subsidiary in exchange for
assets transferred by the Parent Borrower or a Restricted Subsidiary shall not
be deemed to be Related Business Assets if they consist of securities of a
Person, unless upon receipt of the securities of such Person, such Person would
become a Restricted Subsidiary.
“Related Entity” means (a) with respect to Madison Dearborn Partners, LLC, (i)
any investment fund controlled by or under common control with Madison Dearborn
Partners, LLC, any officer, director or person performing an equivalent function
of the foregoing persons, or any entity controlled by any of the foregoing
Persons and (ii) any spouse or lineal descendant (including by adoption and
stepchildren) of the officers and directors referred to clause (a)(i); and (b)
with respect to any officer of the Parent Borrower or its subsidiaries, (i) any
spouse or lineal descendant (including by adoption and stepchildren) of the
officer and (ii) any trust, corporation or partnership or other entity, in each
case to the extent not an operating company, of which an 80% or more controlling
interest is held by the beneficiaries, stockhold-

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ers, partners or owners who are the officer, any of the persons described in
clause (b)(i) above or any combination of these identified relationships.
“Related Parties” shall mean, with respect to any specified Person, such
Person’s Affiliates and the respective directors, officers, employees, trustees,
agents and advisors of such Person and such Person’s Affiliates.
“Release” shall mean any spill, emission, leaking, dumping, injection, pouring,
disposal, discharge, migration or leaching into the environment.
“Replacement Term Loans” shall have the meaning assigned to such term in Section
9.08(d).
“Repricing Transaction” shall mean with respect to the Tranche B Term Loans, the
prepayment or refinancing of all or a portion of the Tranche B Term Loans with
the incurrence by any Loan Party of any long-term financing incurred for the
primary purpose of repaying, refinancing, substituting or replacing the Tranche
B Term Loans at an All-In Yield that is less than the All-In Yield of the
Tranche B Term Loans, including without limitation, as may be effected through
any amendment to this Agreement relating to the All-In Yield of the Tranche B
Term Loans but excluding any Indebtedness incurred in connection with a Change
of Control, an Equity Offering or a Transformative Acquisition.
“Required Covenant Lenders” shall mean, at any time, Lenders having Revolving
Credit Exposure, unused Revolving Credit Commitments, Tranche A Term Loans and
Tranche A Term Loan Commitments representing more than 50% of the sum of all
Revolving Credit Exposure, unused Revolving Credit Commitments, Tranche A Term
Loans and Tranche A Term Loan Commitments at such time; provided that any
Defaulting Lender shall be excluded for purposes of making a determination of
Required Covenant Lenders; provided, further, that, to the same extent set forth
in Section 9.04(n) with respect to determination of Required Covenant Lenders,
the Loans of any Affiliated Lender shall in each case be excluded for purposes
of making a determination of Required Covenant Lenders.
“Required Class Lenders” shall mean (a) with respect to any Term Loan Facility,
Lenders holding more than 50% of the Term Loan Commitments and Term Loans under
such Term Loan Facility and (b) with respect to the Revolving Credit Facility,
the Required Revolving Lenders.
“Required Lenders” shall mean, at any time, Lenders having Revolving Credit
Exposure, unused Revolving Credit Commitments, Term Loans and Term Loan
Commitments representing more than 50% of the sum of all Revolving Credit
Exposure, unused Revolving Credit Commitments, Term Loans and Term Loan
Commitments at such time; provided that any Defaulting Lender shall be excluded
for purposes of making a determination of Required Lenders; provided, further,
that, to the same extent set forth in Section 9.04(n) with respect to
determination of Required Lenders, the Loans of any Affiliated Lender shall in
each case be excluded for purposes of making a determination of Required
Lenders.
“Required Revolving Lenders” shall mean, at any time, Lenders having Revolving
Credit Exposure and unused Revolving Credit Commitments representing more than
50% of the sum of all Revolving Credit Exposure and unused Revolving Credit
Commitments at such time; provided that any Defaulting Lender shall be excluded
for purposes of making a determination of Required Revolving Lenders.
“Responsible Officer” of any Person shall mean any Financial Officer or any
executive vice president, senior vice president, vice president, secretary or
assistant secretary of such Person and any other officer or similar official
thereof responsible for the administration of the obligations of such Person in
respect of this Agreement and, as to any document delivered on the Closing Date,
any secretary or assistant secretary of such Person.

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“Restricted Cash” shall mean cash and Cash Equivalents held by the Parent
Borrower and its Restricted Subsidiaries that are contractually restricted from
being distributed to the Parent Borrower, except for such restrictions that are
contained in agreements governing Indebtedness permitted under Section 6.01 and
that is secured by such cash or Cash Equivalents, or that are classified as
“restricted cash” on the consolidated balance sheet of the Parent Borrower
prepared in accordance with GAAP.
“Restricted Guarantor” shall mean a Guarantor that is a Restricted Subsidiary.
“Restricted Investment” shall mean an Investment other than a Permitted
Investment.
“Restricted Payment” shall mean:
(a)    the declaration or payment of any dividend or the making of any payment
or distribution on account of the Parent Borrower’s or any Restricted
Subsidiary’s Equity Interests, including any dividend or distribution payable in
connection with any merger or consolidation other than:
(i)    dividends or distributions payable solely in Equity Interests (other than
Disqualified Stock) of the Parent Borrower or in options, warrants or other
rights to purchase such Equity Interests (other than Disqualified Stock);
(ii)    dividends or distributions by a Restricted Subsidiary payable to the
Parent Borrower or a Restricted Subsidiary; or
(iii)    so long as, in the case of any dividend or distribution payable on or
in respect of any class or series of securities issued by a Restricted
Subsidiary other than a Wholly-Owned Subsidiary, pro rata dividends or
distributions to minority stockholders of such Restricted Subsidiary (or the
owners of an equivalent interest in the case of a subsidiary that is an entity
other than a corporation); provided, that, the Parent Borrower or a Restricted
Subsidiary receives at least its pro rata share of such dividend or distribution
in accordance with its Equity Interests in such class or series of securities;
(b)    the purchase, redemption, defeasance or other acquisition or retirement
for value of any Equity Interests of the Parent Borrower or any direct or
indirect parent of the Parent Borrower, including in connection with any merger
or consolidation;
(c)    the making of any principal payment on, or redemption, repurchase,
defeasance or other acquisition or retirement for value in each case, prior to
any scheduled repayment, sinking fund payment or maturity, of any Subordinated
Indebtedness other than:
(i)    Indebtedness permitted under Section 6.01(b)(vii); or
(ii)    the purchase, repurchase or other acquisition of any Subordinated
Indebtedness purchased in anticipation of satisfying a sinking fund obligation,
principal installment or final maturity, in each case due within one year of the
date of purchase, repurchase or acquisition; or
(d)    the making of any Restricted Investment.
“Restricted Payment Applicable Amount” shall mean, at any time, an amount equal
to the sum (without duplication) of:

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(a)    $100,000,000; plus
(b)    an amount equal to 50% of cumulative Consolidated Net Income for the
period (taken as one accounting period) from the first day of the fiscal quarter
during which the Closing Date occurs to the end of the Borrower’s most recently
ended fiscal quarter for which Section 5.04 Financials have been delivered to
the Administrative Agent (or, if Consolidated Net Income for such period is a
deficit, 100% of such deficit); provided, that if Consolidated Net Income is a
deficit, such deficit shall in no event reduce amounts available pursuant to
other clauses of this definition; plus
(c)    100% of the aggregate net cash proceeds and the fair market value, as
determined in good faith by the Parent Borrower, of marketable securities or
other property received by the Parent Borrower or a Restricted Subsidiary
(without the issuance of additional Equity Interests in such Restricted
Subsidiary other than to the Parent Borrower or another Restricted Subsidiary)
since immediately after the Closing Date (other than net cash proceeds to the
extent such net cash proceeds have been used pursuant to Section 6.01(b)(xi)(A))
from the issue or sale of:
(i)    (A) Equity Interests of the Parent Borrower, including Treasury Capital
Stock, but excluding cash proceeds and the fair market value, as determined in
good faith by the Parent Borrower, of marketable securities or other property
received from the sale of:
(x)    Equity Interests to members of management, directors or consultants of
the Parent Borrower, Restricted Subsidiaries and any direct or indirect parent
company of the Parent Borrower, after the Closing Date to the extent such
amounts have been applied to Restricted Payments made in accordance with Section
6.03(b)(iv); and
(y)    Designated Preferred Stock; and
(B)    to the extent such net cash proceeds or other property are actually
contributed to the capital of the Parent Borrower or any Restricted Subsidiary
(without the issuance of additional Equity Interests of such Restricted
Subsidiary), Equity Interests of the Parent Borrower’s direct or indirect parent
companies (excluding contributions of the proceeds from the sale of Designated
Preferred Stock of such companies or contributions to the extent such amounts
have been applied to Restricted Payments made in accordance with
Section 6.03(b)(iv)); or
(ii)    debt of the Parent Borrower or any Restricted Subsidiary that has been
converted into or exchanged for such Equity Interests of the Parent Borrower or
a direct or indirect parent company of the Parent Borrower; or
(iii)    Disqualified Stock of the Parent Borrower or any Restricted Subsidiary
that has been converted into or exchanged for Qualified Capital Stock of the
Parent Borrower;
provided, however, that this paragraph (c) shall not include the proceeds from
(v) contributions to capital or issuances of Equity Interests issued to fund
costs and expenses described in clause (a)(x) of the definition of EBITDA,
(w) Refunding Capital Stock, (x) Equity Interests or convertible debt securities
sold to the Parent Borrower or a Restricted Subsidiary, as the case may be,

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(y) Disqualified Stock or debt securities that have been converted into
Disqualified Stock or (z) Excluded Contributions; plus
(d)    100% of the aggregate amount of cash and the fair market value, as
determined in good faith by the Parent Borrower, of marketable securities or
other property contributed to the capital of the Parent Borrower following the
Closing Date (other than (i) net cash proceeds to the extent utilized pursuant
to Section 6.01(b)(xi), (ii) to the extent applied to fund the Transactions,
(iii) by a Restricted Subsidiary and (iv) any Excluded Contributions); plus
(e)    100% of the aggregate amount received in cash and the fair market value,
as determined in good faith by the Parent Borrower, of marketable securities or
other property received by the Parent Borrower or a Restricted Subsidiary by
means of:
(i)    the sale or other disposition (other than to the Parent Borrower or a
Restricted Subsidiary) of, or interest, returns, profits, distribution, income
or similar amounts in respect of, Restricted Investments made by the Parent
Borrower or its Restricted Subsidiaries and repurchases and redemptions of such
Restricted Investments from the Parent Borrower or its Restricted Subsidiaries
and repayments of loans or advances, and releases of guarantees, which
constitute Restricted Investments by the Parent Borrower or its Restricted
Subsidiaries, in each case after the Closing Date; or
(ii)    the sale or other disposition (other than to the Parent Borrower or a
Restricted Subsidiary) of the stock of an Unrestricted Subsidiary (other than to
the extent the Investment in such Unrestricted Subsidiary was made by the Parent
Borrower or a Restricted Subsidiary pursuant to Section 6.03(b)(vii) or to the
extent such Investment constituted a Permitted Investment) or a dividend or
distribution from an Unrestricted Subsidiary after the Closing Date; plus
(f)    in the case of the redesignation of an Unrestricted Subsidiary as a
Restricted Subsidiary or the merger or consolidation of an Unrestricted
Subsidiary into a Borrower or any Restricted Subsidiary or the transfer of
assets of an Unrestricted Subsidiary to a Borrower or any Restricted Subsidiary
after the Closing Date, the fair market value of the Investment in such
Unrestricted Subsidiary, as determined by the Parent Borrower in good faith, at
the time of the redesignation of such Unrestricted Subsidiary as a Restricted
Subsidiary or at the time of such merger, consolidation or transfer of assets,
other than an Unrestricted Subsidiary to the extent the Investment in such
Unrestricted Subsidiary was made by the Parent Borrower or a Restricted
Subsidiary pursuant to Section 6.03(b)(vii) or to the extent such Investment
constituted a Permitted Investment; plus
(g)    an amount equal to Waivable Mandatory Prepayments waived by the Lenders
in accordance with Section 2.13(f).
“Restricted Revolving Credit Lender” shall have the meaning assigned to such
term in Section 9.08(g)(i)(A)(x).
“Restricted Subsidiary” shall mean, at any time, each direct and indirect
subsidiary of the Parent Borrower (including any Foreign Subsidiary) that is not
then an Unrestricted Subsidiary; provided, however, that upon the occurrence of
an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such
subsidiary shall be included in the definition of “Restricted Subsidiary.”

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“Revolving Commitment Increase” shall have the meaning assigned to such term in
Section 2.24(a).
“Revolving Commitment Increase Lender” shall have the meaning assigned to such
term in Section 2.24(b).
“Revolving Credit Borrowing” shall mean a Borrowing comprised of Revolving
Loans.
“Revolving Credit Commitment” shall mean, with respect to any Lender, the
commitment of such Lender to make Revolving Loans (and acquire participations in
Letters of Credit and Swingline Loans) hereunder, or in the Assignment and
Acceptance pursuant to which such Lender assumed its Revolving Credit
Commitment, as applicable (including, in any case, any Revolving Commitment
Increase), as the same may be (a) reduced from time to time pursuant to
Section 2.09 or 2.21(a), (b) modified from time to time pursuant to an
Incremental Amendment, a Refinancing Amendment or an Extension Offer, and
(c) reduced or increased from time to time pursuant to assignments by or to such
Lender pursuant to Section 9.04. The principal amount of the Revolving Credit
Commitment of each Revolving Credit Lender as of the Closing Date is set forth
on Schedule 2.01.
“Revolving Credit Commitment Period” shall mean, with respect to any Class of
Revolving Credit Commitments, the period from and including the Closing Date to
but not including the applicable Revolving Credit Maturity Date therefor, or
such earlier date as the Revolving Credit Commitments shall terminate as
provided herein.
“Revolving Credit Exposure” shall mean, with respect to any Lender at any time,
the aggregate Dollar Equivalent principal amount at such time of all outstanding
Revolving Loans of such Lender, plus the aggregate amount at such time of such
Lender’s L/C Exposure, plus the aggregate amount at such time of such Lender’s
Swingline Exposure.
“Revolving Credit Facility” means, at any time, each Class of Revolving Credit
Commitments in effect at such time.
“Revolving Credit Lender” shall mean a Lender with a Revolving Credit Commitment
or any Revolving Credit Exposure.
“Revolving Credit Maturity Date” shall mean (i) with respect to the initial
Revolving Credit Facility, September 28, 2020, (ii) with respect to any Class of
Extended Revolving Credit Commitments, the final maturity date specified in the
applicable Extension Offer accepted by the respective Lender or Lenders and
(iii) with respect to any Class of Refinancing Revolving Credit Commitments, the
final maturity date specified in the applicable Refinancing Amendment.
“Revolving Loans” shall mean the revolving loans made by the Lenders to the
Borrowers pursuant to Section 2.01(c) and, if applicable, any extensions of
credit under any Incremental Revolving Credit Commitment, any Extended Revolving
Credit Commitment or any Refinancing Revolving Credit Commitment.
“S&P” shall mean Standard & Poor’s, a division of The McGraw-Hill Companies,
Inc., and any successor thereto.
“Sale and Lease-Back Transaction” shall mean any arrangement providing for the
leasing by the Parent Borrower or any of its Restricted Subsidiaries of any real
or tangible personal property, which

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property has been or is to be sold or transferred by the Parent Borrower or such
Restricted Subsidiary to a third Person in contemplation of such leasing.
“Sanctions” shall mean any economic or financial sanctions or trade embargoes
imposed, administered or enforced by the United States Government (including
without limitation, OFAC), the United Nations Security Council, the European
Union or Her Majesty’s Treasury.
“SEC” shall mean the U.S. Securities and Exchange Commission.
“Section 5.04 Financials” shall mean the financial statements delivered, or
required to be delivered, pursuant to Sections 5.04(a) and (b).
“Secured Indebtedness” shall mean any Indebtedness of the Parent Borrower or any
of its Restricted Subsidiaries secured by a Lien.
“Secured Obligations” shall mean all obligations defined as “Obligations” in the
Guarantee and Collateral Agreement and the other Security Documents.
“Secured Parties” shall mean the “Secured Parties” as defined in the Guarantee
and Collateral Agreement.
“Securities Act” shall mean the Securities Act of 1933, as amended, and the
rules and regulations of the SEC promulgated thereunder.
“Security Documents” shall mean the Mortgages, Guarantee and Collateral
Agreement, the Intellectual Property Security Agreements and the Perfection
Certificate and each of the other instruments and documents executed and
delivered with respect to the Collateral pursuant to Section 4.03, 5.09, 5.10,
9.08(g) or otherwise.
“Similar Business” shall mean any business and any services, activities or
businesses incidental, or reasonably related or similar to, or complementary,
corollary, synergistic, incidental or ancillary to any line of business engaged
in by the Parent Borrower and its subsidiaries on the Closing Date or any
business activity that is a reasonable extension, development or expansion
thereof or ancillary thereto.
“Solicited Discount Proration” has the meaning set forth in
Section 2.12(f)(iv)(3).
“Solicited Discounted Prepayment Amount” has the meaning set forth in
Section 2.12(f)(iv)(1).
“Solicited Discounted Prepayment Notice” means a written notice of the Borrower
of Solicited Discounted Prepayment Offers made pursuant to Section 2.12(f)(iv)
substantially in the form of Exhibit M.
“Solicited Discounted Prepayment Offer” means the irrevocable written offer by
each Lender, substantially in the form of Exhibit N, submitted following the
Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.
“Solicited Discounted Prepayment Response Date” has the meaning set forth in
Section 2.12(f)(iv)(1).
“Solvent” shall mean, with respect to any Person, (a) on a going concern basis
the consolidated fair saleable value of the assets of such Person and its
subsidiaries, at a fair valuation, will exceed their

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consolidated debts and liabilities, subordinated, contingent or otherwise;
(b) the consolidated fair value of the property of such Person and its
subsidiaries will be greater than the amount that will be required to pay the
probable liability of their consolidated debts and other liabilities,
subordinated, contingent or otherwise, as such debts and other liabilities
become absolute and matured; (c) such Person and its subsidiaries, taken as a
whole, will be able to pay their consolidated debts and liabilities,
subordinated, contingent or otherwise, as such debts and liabilities become
absolute and matured; and (d) such Person and its subsidiaries, taken as a
whole, will not have unreasonably small capital with which to conduct the
business in which they are engaged. The amount of contingent liabilities at any
time shall be computed as the amount that, in the light of all the facts and
circumstances existing at such time, represents the amount that can reasonably
be expected to become an actual or matured liability.
“SPC” shall have the meaning assigned to such term in Section 9.04(i).
“Special Notice Currency” shall mean at any time an Alternative Currency, other
than the currency of a country that is a member of the Organization for Economic
Cooperation and Development at such time located in North America or Europe.
“Specified Default” shall mean an Event of Default under clause (b), (c), (g) or
(h) of Section 7.01.
“Specified Discount” has the meaning set forth in Section 2.12(f)(ii)(1).
“Specified Discount Prepayment Amount” has the meaning set forth in
Section 2.12(f)(ii)(1).
“Specified Discount Prepayment Notice” means a written notice of the Borrower
Offer of Specified Discount Prepayment made pursuant to 2.12(f)(ii)
substantially in the form of Exhibit O.
“Specified Discount Prepayment Response” means the irrevocable written response
by each Lender, substantially in the form of Exhibit P, to a Specified Discount
Prepayment Notice.
“Specified Discount Prepayment Response Date” has the meaning set forth in
Section 2.12(f)(ii)(1).
“Specified Discount Proration” has the meaning set forth in
Section 2.12(f)(ii)(3).
“Specified Equity Contribution” shall mean any cash contribution to the common
equity of the Parent Borrower and/or any purchase or investment in an Equity
Interest of the Parent Borrower other than Disqualified Stock that has been
contributed for purposes of Section 7.02.
“Specified Transaction” means any Investment that results in a Person becoming a
Restricted Subsidiary, any designation of a subsidiary as a Restricted
Subsidiary or an Unrestricted Subsidiary, any permitted acquisition or any
Disposition that results in a Restricted Subsidiary ceasing to be a Restricted
Subsidiary of the Parent Borrower, any Investment constituting an acquisition of
assets constituting a business unit, line of business or division of, or all or
substantially all of the Equity Interest of, another Person or any Disposition
of a business unit, line of business or division of the Parent Borrower or a
Restricted Subsidiary, in each case whether by merger, consolidation,
amalgamation or otherwise, or any incurrence or repayment of Indebtedness (other
than Indebtedness incurred or repaid under any revolving credit facility or line
of credit), Restricted Payment or Credit Increase that by the terms of this
Agreement requires such test to be calculated on a “pro forma basis” or after
giving “pro forma effect.”

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“Sponsor” shall mean Madison Dearborn Partners, LLC and each of its Affiliates
but not including, however, any operating portfolio companies of any of the
foregoing.
“Spot Rate” shall have the meaning assigned to such term in Section 1.09.
“Statutory Reserves” shall mean a fraction (expressed as a decimal), the
numerator of which is the number one and the denominator of which is the number
one minus the aggregate of the maximum reserve percentages (including any
marginal, special, emergency or supplemental reserves) applicable on the
interest rate determination date (expressed as a decimal) established by the
Board and applicable to any member of bank of the Federal Reserve System in
respect of Eurocurrency Liabilities (as defined in Regulation D of the Board).
“Sterling” and the sign “£”each shall mean the lawful money of United Kingdom.
“Subject Letters of Credit” shall have the meaning assigned to such term in
Section 2.21(a).
“Submitted Amount” shall have the meaning assigned to such term in
Section 2.12(f)(iii)(1).
“Submitted Discount” shall have the meaning assigned to such term in
Section 2.12(f)(iii)(1).
“Subordinated Indebtedness” shall mean any Indebtedness of the Borrowers and the
Guarantors which is by its terms subordinated in right of payment to the
Obligations of the Parent Borrower or such Guarantor, as applicable.
“Subsidiary” or “subsidiary” shall mean, with respect to any Person (herein
referred to as the “parent”), any corporation, partnership, limited liability
company, association or other business entity of which securities or other
ownership interests representing more than 50% of the ordinary voting power or
more than 50% of the general partnership interests are, at the time any
determination is being made, owned or held by the parent, one or more
subsidiaries of the parent or a combination thereof. Unless otherwise specified,
“Subsidiary” or “subsidiary” shall mean any subsidiary of the Parent Borrower.
“Subsidiary Guarantor” shall mean each subsidiary listed on Schedule 1.01(a),
and each other subsidiary that is or becomes a party to the Guarantee and
Collateral Agreement pursuant to Section 5.09 or otherwise with the consent of
the Collateral Agent, excluding (a) any Excluded Subsidiary and (b) any Foreign
Subsidiary; provided, that, for the avoidance of doubt, the Parent Borrower in
its sole discretion may cause any Restricted Subsidiary that is not a Subsidiary
Guarantor (subject, in the case of any Foreign Subsidiary, to the consent of the
Collateral Agent (which consent shall not be unreasonably withheld or delayed))
to Guarantee the Obligations by causing such Restricted Subsidiary to execute a
joinder to the Guarantee and Collateral Agreement, and thereafter any such
Restricted Subsidiary shall be a Guarantor, Loan Party and Subsidiary Guarantor
hereunder for all purposes.
“Substitute Interest Rate” shall have the meaning assigned to such term in
Section 2.08(i).
“Successor Company” shall have the meaning assigned to such term in
Section 6.04(a)(i).
“Successor Person” shall have the meaning assigned to such term in
Section 6.04(c)(i).
“Survey” shall mean a survey of any Mortgaged Property (and all improvements
thereon) which is (a) (i) prepared by a surveyor or engineer licensed to perform
surveys in the jurisdiction where such Mortgaged Property is located, (ii) dated
(or redated) not earlier than six months prior to the date of delivery thereof
unless there shall have occurred within six months prior to such date of
delivery any material

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exterior construction on the site of such Mortgaged Property or any material
easement, right of way or other interest in the Mortgaged Property has been
granted or become effective through operation of law or otherwise with respect
to such Mortgaged Property which, in either case, can be depicted on a survey,
in which events, as applicable, such survey shall be dated (or redated) within a
reasonable period after the completion of such construction or if such
construction shall not have been completed as of such date of delivery, not
earlier than 20 days prior to such date of delivery, or after the grant or
effectiveness of any such easement, right of way or other interest in the
Mortgaged Property, (iii) certified by the surveyor (in a manner reasonably
acceptable to the Administrative Agent) to the Administrative Agent, the
Collateral Agent and the Title Company, (iv) complying in all respects with the
minimum detail requirements of the American Land Title Association as such
requirements are in effect on the date of preparation of such survey and
(v) sufficient for the Title Company to remove all standard survey exceptions
from the title insurance policy (or commitment) relating to such Mortgaged
Property and issue the endorsements of the type required by Section 5.10 or (b)
otherwise reasonably acceptable to the Collateral Agent.
“Swap Obligation” shall mean, with respect to any Guarantor, any obligation to
pay or perform under any agreement, contract or transaction that constitutes a
“swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.
“Swingline Commitment” shall mean the commitment of the Swingline Lender to make
loans pursuant to Section 2.22, as the same may be reduced from time to time
pursuant to Section 2.09.
“Swingline Exposure” shall mean, at any time, the aggregate principal amount at
such time of all outstanding Swingline Loans. The Swingline Exposure of any
Revolving Credit Lender at any time shall equal its Pro Rata Percentage of the
aggregate Swingline Exposure at such time.
“Swingline Lender” shall mean Citibank, N.A., acting through any of its
Affiliates or branches, in its capacity as lender of Swingline Loans hereunder;
provided that, if any Extended Revolving Credit Commitments are effected in
accordance with Section 2.25, then on the occurrence of each Issuing Bank/Swing
Line Termination Date, the Swingline Lender at such time shall have the right to
resign as Swingline Lender on the respective Issuing Bank/Swing Line Termination
Date, in each case upon not less than ten (10) days’ prior written notice
thereof to the Borrowers and the Administrative Agent and, in the event of any
such resignation and upon the effectiveness thereof, the Borrowers shall repay
any outstanding Swingline Loans made by the respective entity so resigning and
such entity shall not be required to make any further Swingline Loans hereunder.
“Swingline Loan” shall mean any loan made by the Swingline Lender pursuant to
Section 2.22.
“TARGET2” shall mean the Trans-European Automated Real-time Gross Settlement
Express Transfer payment system which utilizes a single shared platform and
which was launched on November 19, 2007.
“TARGET Day” shall mean any day on which TARGET2 (or, if such payment system
ceases to be operative, such other payment system, if any, determined by the
Administrative Agent to be a suitable replacement) is open for the settlement of
payments in euro.
“Target Person” shall have the meaning assigned to such term in the definition
of “Permitted Investment”.
“Taxes” shall mean all present or future taxes, levies, imposts, duties,
deductions, charges, liabilities or withholdings imposed by any Governmental
Authority and any interest, penalties or additions to tax related thereto.

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“Term Loan” shall mean each of the Tranche A Term Loans, the Tranche B Term
Loans and, if applicable, each Class of Incremental Term Loans, each Class of
Replacement Term Loans, each Class of Refinancing Term Loans and each Class of
Extended Term Loans.
“Term Loan Commitment” shall mean, with respect to any Lender, the commitment of
such Lender to make Term Loans hereunder, or in the Assignment and Acceptance
pursuant to which such Lender assumed its Term Loan Commitment, as applicable
(including, in any case, any Incremental Term Loans), as the same may be
(a) reduced from time to time pursuant to Section 2.09 or 2.21(a), (b) modified
from time to time pursuant to an Incremental Amendment, a Refinancing Amendment
or an Extension Offer, and (c) reduced or increased from time to time pursuant
to assignments by or to such Lender pursuant to Section 9.04.
“Term Loan Facility” shall mean, at any time, each Class of Term Loans (and the
related Commitments, if any) outstanding at such time.
“Term Loan Increase” shall have the meaning assigned to such term in
Section 2.24(a).
“Term Loan Lender” shall mean a Lender with a Term Loan Commitment or an
outstanding Term Loan.
“Term Loan Maturity Date” shall mean (i) with respect to the Tranche A Term
Loans, September 28, 2020, (ii) with respect to the Tranche B Term Loans,
January 15, 2022, (iii) with respect to any Class of Incremental Term Loans, the
final maturity date specified in the applicable Incremental Amendment, (iv) with
respect to any Class of extensions of credit made pursuant to an amendment
pursuant to Section 9.08(d), the final maturity date specified in such
amendment, (v) with respect to any Class of Extended Term Loans, the final
maturity date specified in the applicable Extension Offer accepted by the
respective Lender or Lenders and (vi) with respect to any Class of Refinancing
Term Loans, the final maturity date specified in the applicable Refinancing
Amendment.
“Termination Date” shall mean the date upon which all Commitments have
terminated, no Letters of Credit are outstanding (or if Letters of Credit remain
outstanding, as to which an L/C Backstop exists or such Letters of Credit have
been deemed reissued under another agreement reasonably acceptable to the
applicable Issuing Bank), and the Loans and L/C Exposure (less the amount of any
Cash Collateral previously provided in respect of outstanding Letters of Credit
in accordance with the terms of this Agreement), together with all interest,
Fees and other non-contingent Obligations (other than Hedging Obligations and
Cash Management Obligations), have been paid in full.
“Title Company” shall mean any title insurance company as shall be retained by
the Parent Borrower and reasonably acceptable to the Administrative Agent.
“Title Policy” shall have the meaning assigned to such term in Section 5.10(a).
“Total Assets” shall mean total assets of the Parent Borrower and its Restricted
Subsidiaries on a consolidated basis prepared in accordance with GAAP, shown on
the most recent balance sheet of the Parent Borrower and its Restricted
Subsidiaries as may be expressly stated.
“Total Net Leverage Ratio” shall mean the ratio of (i) (A) Consolidated
Indebtedness of the Parent Borrower and its Restricted Subsidiaries on such date
minus (B) the amount of cash and Cash Equivalents in excess of any Restricted
Cash that would be stated on the balance sheet of the Parent Borrower and its
Restricted Subsidiaries and held by the Parent Borrower and its Restricted
Subsidiaries as of such date of determination, as determined in accordance with
GAAP to (ii) EBITDA of the Parent Borrower

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and its Restricted Subsidiaries for the most recently ended four fiscal quarters
ending immediately prior to such date for which Section 5.04 Financials have
been delivered to the Administrative Agent.
“Total Revolving Credit Commitment” shall mean, at any time, the aggregate
amount of the Revolving Credit Commitments, as in effect at such time.
“TRA” shall mean the Income Tax Receivable Agreement, dated as of October 7,
2014 by and between Holdings and Varietal Distribution Holdings, LLC, as in
effect on the Closing Date.
“Tranche A Term Loan” shall mean each of the Term Loans made on the Closing Date
pursuant to Section 2.01(a) pursuant to the Tranche A Term Loan Commitments and
any Incremental Term Loans constituting an increase in the amount of the Tranche
A Term Loans.
“Tranche A Term Loan Commitment” shall mean, with respect to each Lender, the
commitment of such Lender to make Tranche A Term Loans hereunder, or in the
Assignment and Acceptance pursuant to which such Lender assumed its Tranche A
Term Loan Commitment or Tranche A Term Loans, as applicable, as the same may be
(a) reduced from time to time pursuant to Section 2.09, (b) modified from time
to time pursuant to an Incremental Amendment, a Refinancing Amendment or an
Extension Offer, and (c) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 9.04. The principal amount
of the Tranche A Term Loan Commitment of each Tranche A Term Loan Lender as of
the Closing Date is set forth on Schedule 2.01.
“Tranche A Term Loan Lender” shall mean a Lender with a Tranche A Term Loan
Commitment or an outstanding Tranche A Term Loan.
“Tranche B Term Loan” shall mean each of the term loans made on the Closing Date
pursuant to Section 2.01(b) pursuant to the Tranche B Term Loan Commitments and
any Incremental Term Loans constituting an increase in the amount of the Tranche
B Term Loans.
“Tranche B Term Loan Commitment” shall mean, with respect to each Lender, the
commitment of such Lender to make Tranche B Term Loans hereunder, or in the
Assignment and Acceptance pursuant to which such Lender assumed its Tranche B
Term Loan Commitment or Tranche B Term Loans, as applicable, as the same may be
(a) reduced from time to time pursuant to Section 2.09, (b) modified from time
to time pursuant to an Incremental Amendment, a Refinancing Amendment or an
Extension Offer, and (c) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 9.04. The principal amount
of the Tranche B Term Loan Commitment of each Tranche B Term Loan Lender as of
the Closing Date is set forth on Schedule 2.01.
“Tranche B Term Loan Lender” shall mean a Lender with a Tranche B Term Loan
Commitment or an outstanding Tranche B Term Loan.
“Transaction Expenses” shall mean any fees, costs or expenses incurred or paid
by the Sponsor, the Parent Borrower (or any direct or indirect parent of the
Parent Borrower) or any of its subsidiaries in connection with the Transactions
(including expenses with respect to Hedging Obligations and Cash Management
Obligations), this Agreement and the other Loan Documents and the transactions
contemplated hereby and thereby.
“Transactions” shall mean, collectively, (a) the funding of the Loans and the
other transactions contemplated by this Agreement and the other Loan Documents,
(b) the consummation of the refinancing of the Existing Debt as contemplated by
Section 4.02(l) and (c) the payment of Transaction Expenses.

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“Transformative Acquisition” shall mean any acquisition of assets, a business or
Person by Holdings, any Borrower or any other Restricted Subsidiary that (i) is
not permitted by the terms of this Agreement immediately prior to the
consummation of such acquisition or (ii) if permitted by the terms of this
Agreement immediately prior to the consummation of such acquisition, would not
provide Holdings, the Borrowers and the other Restricted Subsidiaries with
reasonable and adequate flexibility hereunder for the continuation and/or
expansion of their combined operations following such consummation, as
determined by the Parent Borrower acting in good faith based on projections of
the combined business (and such projections shall have been delivered to the
Administrative Agent).
“Treasury Capital Stock” shall have the meaning set forth in
Section 6.03(b)(ii).
“Type,” when used in respect of any Loan or Borrowing, in each case in the same
Class, shall refer to the Rate by reference to which interest on such Loan or on
the Loans comprising such Borrowing is determined. For purposes hereof, the term
“Rate” shall mean the Adjusted LIBO Rate, the Alternate Base Rate, the BA Rate
and the Canadian Base Rate.
“Uniform Commercial Code” or “UCC” shall mean the Uniform Commercial Code as in
effect in any applicable jurisdiction from time to time.
“Unrestricted Subsidiary” shall mean:
(a)    any subsidiary of the Parent Borrower which at the time of determination
is an Unrestricted Subsidiary (as designated by the Parent Borrower, as provided
in Section 5.11); and
(b)    any subsidiary of an Unrestricted Subsidiary.
“USA PATRIOT Act” shall mean The Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001
(Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)).
“VWR Instruments” shall mean VWR Advanced Instruments, LLC, a Puerto Rico
limited liability company.
“VWR International” shall mean VWR International, Inc., a Delaware corporation.
“Waivable Mandatory Prepayment” shall have the meaning assigned to such term in
Section 2.13(f).
“Weighted Average Life to Maturity” shall mean, when applied to any
Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, at any
date, the quotient obtained by dividing:
(a)    the sum of the products obtained by multiplying (a) the amount of each
then remaining installment, sinking fund, serial maturity or other required
payments of principal, including any payment at final maturity, in respect of
such Indebtedness or redemption or similar payment with respect to such
Disqualified Stock or Preferred Stock by (b) the number of years (calculated to
the nearest one-twelfth) that will elapse between such date and the making of
such payment; by
(b)    the then outstanding principal amount of such Indebtedness, Disqualified
Stock or Preferred Stock;

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provided that AHYDO payments and the effects of any reductions in scheduled
amortization or other scheduled payments as a result of any prior prepayment of
the applicable Indebtedness shall be disregarded.
“Wholly-Owned Subsidiary” of any Person shall mean a subsidiary of such Person,
100% of the Equity Interests of which (other than directors’ qualifying shares
and shares issued to foreign nationals under applicable law) shall be owned by
such Person or by one or more Wholly-Owned Subsidiaries of such Person.
SECTION 1.02.    Terms Generally. The definitions in Section 1.01 shall apply
equally to both 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”; and
the words “asset” and “property” shall be construed as having 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. 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 of this Agreement unless the context shall otherwise require. All
references herein to Articles, Sections, paragraphs, clauses, subclauses,
Exhibits and Schedules shall be deemed references to Articles, Sections,
paragraphs, clauses and subclauses of, and Exhibits and Schedules to, this
Agreement unless the context shall otherwise require. Except as otherwise
expressly provided herein, the First Lien Net Leverage Ratio and the Total Net
Leverage Ratio (and the financial definitions used therein) shall be construed
in accordance with GAAP, as in effect on the Closing Date; provided, however,
that if the Parent Borrower notifies the Administrative Agent that the Parent
Borrower wishes to amend the First Lien Net Leverage Ratio or the Total Net
Leverage Ratio or any financial definition used therein to implement the effect
of any change in GAAP or the application thereof occurring after the Closing
Date on the operation thereof (or if the Administrative Agent notifies the
Parent Borrower that, in accordance with Section 9.08(b), the Required Lenders
and/or the Required Covenant Lenders wish to amend the First Lien Net Leverage
Ratio or the Total Net Leverage Ratio or any financial definition used therein
for such purpose), then the Parent Borrower and the Administrative Agent shall
negotiate in good faith to amend the First Lien Net Leverage Ratio or the Total
Net Leverage Ratio or the definitions used therein (subject to the approval of
the Required Lenders and/or the Required Covenant Lenders in accordance with
Section 9.08(b)) to preserve the original intent thereof in light of such
changes in GAAP; provided that all determinations made pursuant to the First
Lien Net Leverage Ratio or the Total Net Leverage Ratio or any financial
definition used therein shall be determined on the basis of GAAP as applied and
in effect immediately before the relevant change in GAAP or the application
thereof became effective, until the First Lien Net Leverage Ratio or the Total
Net Leverage Ratio or such financial definition is amended. All accounting terms
not specifically or completely defined herein shall be construed in conformity
with, and all financial data required to be submitted pursuant to this Agreement
shall be prepared in conformity with, GAAP, as in effect from time to time.
Notwithstanding any other provision contained herein, (a) any lease that is
treated as an operating lease for purposes of GAAP as of the Closing Date shall
not be treated as Indebtedness or as a Capitalized Lease Obligation and shall
continue to be treated as an operating lease (and any future lease, if it were
in effect on the Closing Date, that would be treated as an operating lease for
purposes of GAAP as of the Closing Date shall be treated as an operating lease),
in each case for purposes of this Agreement, notwithstanding any actual or
proposed change in GAAP after the Closing Date and (b) 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 Statement of Financial Accounting Standards 141R or ASC 805 (or
any other financial accounting standard having a similar result or effect).

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SECTION 1.03.    Classification of Loans and Borrowings. For purposes of this
Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving
Loan”) or by Type (e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a
“Eurodollar Revolving Loan”). Borrowings also may be classified and referred to
by Class (e.g., a “Revolving Credit Borrowing”) or by Type (e.g., a “Eurodollar
Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving Credit
Borrowing”).
SECTION 1.04.    Rounding. The calculation of any financial ratios under this
Agreement shall be calculated by dividing the appropriate component by the other
component, carrying the result to one place more than the number of places by
which such ratio is expressed herein and rounding the result up or down to the
nearest number (with a rounding-down if there is no nearest number).
SECTION 1.05.    References to Agreements and Laws. Unless otherwise expressly
provided herein, (a) all references to documents, instruments and other
agreements (including the Loan Documents and Organization Documents) shall be
deemed to include all subsequent amendments, restatements, amendments and
restatements, supplements and other modifications thereto, but only to the
extent that such amendments, restatements, amendments and restatements,
supplements and other modifications are not prohibited by any Loan Document and
(b) references to any law, statute, rule or regulation shall include all
statutory and regulatory provisions consolidating, amending, replacing,
supplementing or interpreting such law.
SECTION 1.06.    Times of Day. Unless otherwise specified, all references herein
to times of day shall be references to Eastern time (daylight or standard, as
applicable).
SECTION 1.07.    Timing of Payment or Performance. When the payment of any
obligation or the performance of any covenant, duty or obligation is stated to
be due or performance required on a day which is not a Business Day, the date of
such payment or performance shall extend to the immediately succeeding Business
Day and such extension of time shall be reflected in computing interest or fees,
as the case may be; provided that with respect to any payment of interest on or
principal of Eurodollar Loans, if such extension would cause any such payment to
be made in the next succeeding calendar month, such payment shall be made on the
immediately preceding Business Day.
SECTION 1.08.    Letter of Credit Amounts. Unless otherwise specified herein,
the amount of a Letter of Credit at any time shall be deemed to be the Dollar
Equivalent of the undrawn face amount of such Letter of Credit in effect at such
time.
SECTION 1.09.    Exchange Rate; Currency Equivalents Generally. For purposes of
determining compliance with the provisions of this Agreement on any date of
determination (including the issuance, amendment or extension of a Letter of
Credit), any Alternative Currency will be converted to dollars on the basis of
the Spot Rate (as defined below) as determined by the Administrative Agent at
such time. Notwithstanding the foregoing, for purposes of determining compliance
with Article II and Sections 6.01, 6.02 and 6.03 of this Agreement with respect
to any amount of Indebtedness or Investment denominated in an Alternative
Currency, no Default shall be deemed to have occurred solely as a result of
changes in rates of exchange occurring after the time such Indebtedness or
Investment is incurred or made; provided that, for the avoidance of doubt, the
foregoing provisions of this Section 1.09 shall otherwise apply to such Article
and such Sections, including with respect to determining whether any
Indebtedness or Investment (not previously incurred or made on any date) may be
incurred or made under such Article and such Sections. For purposes of this
Section 1.09, the “Spot Rate” for a currency means the rate determined by the
Administrative Agent to be the rate quoted by the Person acting in such capacity
as the spot rate for the purchase by such Person of such currency with another
currency through its principal foreign exchange trading office at approximately
11:00 a.m. on the date two Business Days prior to the date of such
determination; provided that the Administrative Agent may obtain such spot rate
from anoth-

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er financial institution designated by the Administrative Agent if the Person
acting in such capacity does not have as of the date of determination a spot
buying rate for any such currency.
SECTION 1.10.    Alternative Currencies. Each provision of this Agreement shall
be subject to such reasonable changes of construction as the Administrative
Agent may from time to time specify with the Parent Borrower’s consent to
appropriately reflect a change in currency of any country and any relevant
market conventions or practices relating to such change in currency.
SECTION 1.11.    Pro Forma Calculations. Notwithstanding anything to the
contrary herein:
(a)    For purposes of determining whether any action is otherwise permitted to
be taken hereunder, the First Lien Net Leverage Ratio and the Total Net Leverage
Ratio shall be calculated as follows, in the event that the Parent Borrower or
any Restricted Subsidiary (i) incurs, redeems, retires or extinguishes any
Indebtedness or (ii) issues or redeems Disqualified Stock or Preferred Stock
subsequent to the commencement of the period for which such ratio is being
calculated but prior to or simultaneously with the event for which the
calculation of such ratio is made (a “Ratio Calculation Date”), then such ratio
shall be calculated giving pro forma effect to such incurrence, redemption,
retirement or extinguishment of Indebtedness, or such issuance or redemption of
Disqualified Stock or Preferred Stock, as if the same had occurred at the
beginning of the applicable four-quarter period.
(b)    For purposes of making the computation referred to in clause (a) above or
calculation of any basket that is based on a percentage of Total Assets,
Specified Transactions made (or committed to be made pursuant to a definitive
agreement) during the four-quarter reference period or subsequent to such
reference period and on or prior to or simultaneously with the relevant Ratio
Calculation Date, and other operational changes that the Parent Borrower or any
of its Restricted Subsidiaries has determined to make and/or made during the
four-quarter reference period or subsequent to such reference period and on or
prior to or simultaneously with such Ratio Calculation Date shall be calculated
on a pro forma basis in accordance with GAAP assuming that all such Specified
Transactions and other operational changes had occurred on the first day of the
four-quarter reference period. If since the beginning of such period any Person
that subsequently became a Restricted Subsidiary or was merged with or into the
Parent Borrower or any of its Restricted Subsidiaries since the beginning of
such period shall have made any Specified Transaction or operational change, in
each case with respect to an operating unit of a business, that would have
required adjustment pursuant to this definition, then such ratio shall be
calculated giving pro forma effect thereto for such period as if such Specified
Transaction or operational change had occurred at the beginning of the
applicable four-quarter period.
(c)    For purposes of this Section 1.11, whenever pro forma effect is to be
given to any Specified Transaction or operational change, the pro forma
calculations shall be made in good faith by a responsible financial or
accounting officer of the Parent Borrower. Any such pro forma calculation may
include “run rate” adjustments appropriate, in the reasonable determination of
the Parent Borrower as set forth in an Officer’s Certificate, to reflect
operating expense reductions and other operating improvements or synergies
reasonably expected to result from any acquisition, amalgamation, merger or
operational change (including, to the extent applicable, from the Transactions)
and “run-rate” means the full recurring benefit for a period that is associated
with any action taken, committed to be taken or expected to be taken (including
any savings expected to result from the elimination of a public target’s
compliance costs with public company requirements) net of the amount of actual
benefits realized during such period from such actions, and any such adjustments
shall be included in the initial pro forma calculations of such financial ratios
or tests and during any subsequent reference period in which the effects thereof
are expected to

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be realized relating to the Transactions, such Specified Transaction or such
implementation of an operational change; provided that such operating expense
reductions and other operating improvements or synergies are reasonably
identifiable and factually supportable and otherwise comply with the limitations
set forth in the definition of “EBITDA.”
(d)    Notwithstanding anything in this Agreement or any Loan Document to the
contrary, when calculating the First Lien Net Leverage Ratio or the Total Net
Leverage Ratio, as applicable, testing availability under any basket provided
for in this Agreement or determining other compliance with this Agreement
(including the determination of compliance with any provision of this Agreement
which requires that no Default or Event of Default has occurred, is continuing
or would result therefrom or requiring the accuracy of representations and
warranties) in connection with a Specified Transaction undertaken in connection
with the consummation of a Limited Condition Acquisition, the date of
determination of such ratio and determination of whether any Default or Event of
Default has occurred, is continuing or would result therefrom or other
applicable covenant or accuracy of representations and warranties shall, at the
option of the Parent Borrower (the Parent Borrower’s election to exercise such
option in connection with any Limited Condition Acquisition, an “LCA Election”),
be deemed to be the date the definitive agreements for such Limited Condition
Acquisition are entered into (the “LCA Test Date”) and if, after such ratios and
other provisions are measured or determined on a pro forma basis after giving
effect to such Limited Condition Acquisition and the other Specified
Transactions to be entered into in connection therewith (including any
incurrence of Indebtedness and the use of proceeds thereof) as if they occurred
at the beginning of the four consecutive fiscal quarter period being used to
calculate such financial ratio ending prior to the LCA Test Date, the Parent
Borrower could have taken such action on the relevant LCA Test Date in
compliance with such ratios and provisions, such provisions shall be deemed to
have been complied with on such date. For the avoidance of doubt, (x) if any of
such ratios or baskets are exceeded as a result of fluctuations in such ratio or
basket (including due to fluctuations in EBITDA of the Parent Borrower or the
target of any Limited Condition Acquisition (other than as a result of any
incurrence, Disposition or Restricted Payment) at or prior to the consummation
of the relevant Limited Condition Acquisition), such ratios, baskets and other
provisions will not be deemed to have been exceeded as a result of such
fluctuations solely for purposes of determining whether the Limited Condition
Acquisition is permitted hereunder and (y) such ratios, baskets and other
provisions shall not be tested at the time of consummation of such Limited
Condition Acquisition or related Specified Transactions. If the Parent Borrower
has made an LCA Election for any Limited Condition Acquisition, then in
connection with any subsequent calculation of any ratio (excluding, for the
avoidance of doubt, any ratio contained in Section 6.11) or basket availability
with respect to any other transaction on or following the relevant LCA Test Date
and prior to the earlier of the date on which such Limited Condition Acquisition
is consummated or the date that the definitive agreement for such Limited
Condition Acquisition is terminated or expires without consummation of such
Limited Condition Acquisition, any such ratio or basket shall be (x) calculated
(and tested) on a pro forma basis assuming such Limited Condition Acquisition
and other transactions in connection therewith (including any incurrence of
Indebtedness and the use of proceeds thereof) have been consummated and (y) also
calculated (and tested) on a pro forma basis assuming such Limited Condition
Acquisition and other transactions in connection therewith (including any
incurrence of Indebtedness and the use of proceeds thereof) have not been
consummated.

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ARTICLE II
The Credits
SECTION 2.01.    Commitments. Subject to the terms and conditions herein set
forth, each Lender agrees, severally and not jointly, (a) to make a Tranche A
Term Loan to the Parent Borrower on the Closing Date in a principal amount not
to exceed its Tranche A Term Loan Commitment, (b) to make a Tranche B Term Loan
to the Parent Borrower on the Closing Date in a principal amount not to exceed
its Tranche B Term Loan Commitment and (c) to make Revolving Loans to the
Borrowers, at any time and from time to time during the applicable Revolving
Credit Commitment Period, in an aggregate principal amount at any time
outstanding that will not result in such Lender’s Revolving Credit Exposure
exceeding such Lender’s Revolving Credit Commitment as then in effect; provided
that (x) no Revolving Credit Lender shall make any Revolving Loans in any
Alternative Currency if, after giving effect to the making of such Revolving
Loan, the sum of the Dollar Equivalent of the then outstanding Revolving Loans
in Alternative Currencies and the then outstanding L/C Exposure in Alternative
Currencies would exceed $150,000,000 (the “Alternative Currency Sublimit”) and
(y) the aggregate amount of Revolving Loans (the “Foreign Subsidiary Borrower
Sublimit”) made to Foreign Subsidiary Borrowers shall at no time exceed
$50,000,000 (it being understood that the Administrative Agent shall calculate
the Dollar Equivalent of the then outstanding Revolving Loans in any Alternative
Currency and the then outstanding L/C Exposure with respect to any Letters of
Credit issued in an Alternative Currency on the date on which the Parent
Borrower has given the Administrative Agent a Borrowing Request with respect to
any Revolving Loan for purposes of determining compliance with this clause (c)).
Within the limits set forth in clause (c) of the preceding sentence and subject
to the terms, conditions and limitations set forth herein, the Borrowers may
borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in
respect of Term Loans may not be reborrowed.
SECTION 2.02.    Loans.
(a)Each Loan (other than Swingline Loans) shall be made as part of a Borrowing
consisting of Loans made by the Lenders ratably in accordance with their
applicable Commitments; provided, however, that the failure of any Lender to
make any Loan shall not relieve any other Lender of its obligation to lend
hereunder (it being understood, however, that no Lender shall be responsible for
the failure of any other Lender to make any Loan required to be made by such
other Lender). Except for Loans deemed made pursuant to Section 2.02(f) and
subject to Section 2.22, the Loans comprising any Borrowing shall be in an
aggregate principal amount that is not less than the lesser of (i) the Minimum
Currency Threshold or (ii) equal to the remaining available balance of the
applicable Commitments.
(b)Subject to Sections 2.02(e), 2.08 and 2.15, (i) all Loans denominated in
dollars (other than Swingline Loans) shall be made as ABR Loans or Eurodollar
Loans, (ii) all Loans denominated in Canadian Dollars shall be made as BA Rate
Loans; provided, however, that all such Loans pursuant to the foregoing
subclauses (i) shall be made as ABR Loans, unless, subject to Section 2.15, the
Borrowing Request specifies that all or a portion thereof shall be Eurodollar
Loans, (iii) all Swingline Loans shall be dollar denominated and shall be made
as ABR Loans, and (iv) all Loans denominated in any currency other than dollars
or Canadian Dollars shall be made as Eurodollar Loans or otherwise pursuant to
Section 2.06(e), as the Parent Borrower may request pursuant to Section 2.03.
Each Lender may at its option make any Eurodollar Loan or BA Rate Loan by
causing any domestic or foreign branch or Affiliate of such Lender to make such
Loan; provided that any exercise of such option shall not affect the obligation
of the relevant Borrower to repay such Loan in accordance with the terms of this
Agreement. Borrowings of more than one Type may be outstanding at the same time;
provided, however, that the Borrowers shall not be entitled to request any
Borrowing that, if made, would result in more than fifteen Eurodollar Borrowings
outstanding hereunder at any time; provided, that Borrowers shall be entitled to
five additional

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Eurodollar Borrowings for each Class of Loans established after the Closing
Date. For the avoidance of doubt, notwithstanding any other provision herein,
the Borrowers shall not request any Borrowings of Canadian Base Rate Loans.
(c)Except with respect to Loans deemed made pursuant to Section 2.02(f) and
subject to Sections 2.03 and 2.22, each Lender shall make each Loan to be made
by it hereunder on the proposed date thereof by wire transfer of immediately
available funds to such account in New York City as the Administrative Agent may
designate not later than 12:30 p.m. and the Administrative Agent shall promptly
wire transfer the amounts so received to an account designated by the relevant
Borrower in the applicable Borrowing Request or, if a Borrowing shall not occur
on such date because any condition precedent herein specified shall not have
been met, return the amounts so received to the respective Lenders.
(d)Unless the Administrative Agent shall have received notice from a Lender
prior to the date of any Borrowing that such Lender will not make available to
the Administrative Agent such Lender’s portion of such Borrowing, the
Administrative Agent may assume that such Lender has made such portion available
to the Administrative Agent on the date of such Borrowing in accordance with
paragraph (c) above and the Administrative Agent may, in reliance upon such
assumption, make available to the relevant Borrower on such date a corresponding
amount. If the Administrative Agent shall have so made funds available then, to
the extent that such Lender shall not have made such portion available to the
Administrative Agent, such Lender and the relevant Borrower severally agree to
repay to the Administrative Agent forthwith on demand such corresponding amount
together with interest thereon, for each day from the date such amount is made
available to the relevant Borrower to but excluding the date such amount is
repaid to the Administrative Agent at (i) in the case of the Borrowers, a rate
per annum equal to the interest rate applicable to the Loans comprising such
Borrowing at the time and (ii) in the case of such Lender, for the first such
day, the Federal Funds Effective Rate, and for each day thereafter, the
Alternate Base Rate plus the Applicable Percentage then in effect for ABR
Revolving Loans. If such Lender shall repay to the Administrative Agent such
corresponding amount, such amount shall constitute such Lender’s Loan as part of
such Borrowing for purposes of this Agreement and (x) the relevant Borrower’s
obligation to repay the Administrative Agent such corresponding amount pursuant
to this Section 2.02(d) shall cease and (y) if the relevant Borrower pays such
amount to the Administrative Agent, the amount so paid shall constitute a
repayment of such Borrowing by such amount.
(e)Notwithstanding any other provision of this Agreement, the Borrowers shall
not be entitled to request any Eurodollar Borrowing or BA Rate Borrowing if the
Interest Period requested with respect thereto would end after (i) with respect
to the Revolving Loans, the applicable Revolving Credit Maturity Date and (ii)
with respect to Term Loans, the applicable Term Loan Maturity Date.
(f)If the relevant Issuing Bank shall not have received from the relevant
Borrower the payment required to be made by Section 2.23(e) within the time
specified in such Section, such Issuing Bank will promptly notify the
Administrative Agent of the L/C Disbursement and the Administrative Agent will
promptly notify each Revolving Credit Lender of such L/C Disbursement and its
Pro Rata Percentage thereof (and, in the case of any L/C Disbursement made in an
Alternative Currency, calculated using the Dollar Equivalent of such L/C
Disbursement, as determined on the date on which such L/C Disbursement was made
by the relevant Issuing Bank). Each Revolving Credit Lender shall pay by wire
transfer of immediately available funds in dollars to the Administrative Agent
not later than 2:00 p.m. on such date (or, if such Revolving Credit Lender shall
have received such notice later than 12:00 (noon) on any day, not later than
10:00 a.m. on the immediately following Business Day), an amount equal to such
Lender’s Pro Rata Percentage of such L/C Disbursement as determined above (it
being understood that such amount shall be deemed to constitute an ABR Revolving
Loan of such Lender’s Class or Classes of Revolving Credit Commitments then in
effect and such payment shall be deemed to have reduced the L/C Exposure), and
the Administrative Agent will promptly pay to the relevant Issuing Bank amounts
so re-

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ceived by it from the Revolving Credit Lenders. The Administrative Agent will
promptly pay to the relevant Issuing Bank any amounts received by it from the
relevant Borrower pursuant to Section 2.23(e) prior to the time that any
Revolving Credit Lender makes any payment pursuant to this paragraph (f); any
such amounts received by the Administrative Agent thereafter will be promptly
remitted by the Administrative Agent to the Revolving Credit Lenders that shall
have made such payments and to such Issuing Bank, as their interests may appear.
If any Revolving Credit Lender shall not have made its Pro Rata Percentage of
such L/C Disbursement available to the Administrative Agent as provided above,
such Lender and the relevant Borrower severally agrees to pay interest on such
amount, for each day from and including the date such amount is required to be
paid in accordance with this paragraph to but excluding the date such amount is
paid, to the Administrative Agent for the account of the relevant Issuing Bank
at (i) in the case of the relevant Borrower, a rate per annum equal to the
interest rate applicable to Revolving Loans pursuant to Section 2.06(a), and
(ii) in the case of such Lender, for the first such day, the Federal Funds
Effective Rate (or, in the case of amounts owed in an Alternative Currency, at
the respective Issuing Bank’s customary rate for interbank advances denominated
in such Alternative Currency), and for each day thereafter, the interest rate
applicable to ABR Revolving Loans.
SECTION 2.03.    Borrowing Procedure. In order to request a Borrowing (other
than a Swingline Loan or a deemed Borrowing pursuant to Section 2.02(f), as to
which this Section 2.03 shall not apply), the relevant Borrower shall notify the
Administrative Agent of such request (a) in the case of a Eurodollar Borrowing
or a BA Rate Borrowing, not later than 12:30 p.m. 3 Business Days (or 4 Business
Days in the case of a Special Notice Currency) before a proposed Borrowing and
(b) in the case of an ABR Borrowing or Canadian Base Rate Borrowing, not later
than 12:30 p.m. 1 Business Day before a proposed Borrowing. Each such request
shall be irrevocable, shall be delivered to the Administrative Agent in the form
of a written Borrowing Request and shall specify the following information:
(i) the Class of Borrowing requested and whether such Borrowing is to be a
Eurodollar Borrowing or an ABR Borrowing or, in the case of a Borrowing in
Canadian Dollars, whether such Borrowing is to be a BA Rate Borrowing or a
Canadian Base Rate Borrowing; (ii) the date of such Borrowing (which shall be a
Business Day); (iii) the number and location of the account to which funds are
to be disbursed; (iv) the amount and currency of such Borrowing; and (v) if such
Borrowing is to be a Eurodollar Borrowing or a BA Rate Borrowing, the initial
Interest Period or Interest Periods with respect thereto and (vi) the Revolving
Credit Exposure (after giving effect to the proposed Borrowing); provided,
however, that notwithstanding any contrary specification in any Borrowing
Request, each requested Borrowing shall comply with the requirements set forth
in Section 2.02. If no election as to the Type of Borrowing is specified in any
such notice, then the requested Borrowing shall be an ABR Borrowing or, in the
case of a Borrowing in Canadian Dollars, a Canadian Base Rate Borrowing. If no
Interest Period with respect to any Eurodollar Borrowing is specified in any
such notice, then the relevant Borrower shall be deemed to have selected an
Interest Period of 1 month’s duration. The Administrative Agent shall promptly
advise the applicable Lenders of any notice given pursuant to this Section 2.03
(and the contents thereof), and of each Lender’s portion of the requested
Borrowing.
SECTION 2.04.    Evidence of Debt; Repayment of Loans.
(a)(i) The Parent Borrower hereby unconditionally promises to pay to the
Administrative Agent for the account of each Lender, (x) the principal amount of
each Term Loan of such Lender as provided in Section 2.11 and (y) on the
applicable Revolving Credit Maturity Date, the then unpaid principal amount of
each related Revolving Loan of such Lender made to the Parent Borrower and
(ii) each Foreign Subsidiary Borrower hereby unconditionally promises to pay to
the Administrative Agent for the account of each Lender, on the applicable
Revolving Credit Maturity Date, the then unpaid principal amount of each related
Revolving Loan of such Lender made to such Foreign Subsidiary Borrower. Each
Borrower hereby promises to pay to the Swingline Lender on the applicable
Revolving Credit Maturity Date the then unpaid principal amount of each related
Swingline Loan made to such Borrower.

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(b)Each Lender shall maintain in accordance with its usual practice an account
or accounts evidencing the indebtedness of the relevant Borrower to such Lender
resulting from each Loan made by such Lender from time to time, including the
amounts of principal and interest payable and paid to such Lender from time to
time under this Agreement.
(c)The Administrative Agent shall maintain accounts in which it will record
(i) the relevant Borrower, (ii) the amount of each Loan made hereunder, the
Class and Type thereof and, if applicable, the Interest Period applicable
thereto, (iii) the amount of any principal or interest due and payable or to
become due and payable from the relevant Borrower to each Lender hereunder and
(iv) the amount of any sum received by the Administrative Agent hereunder from
the Borrowers or any Guarantor and each Lender’s share thereof.
(d)The entries made in the accounts maintained pursuant to paragraphs (b) and
(c) above shall be prima facie evidence of the existence and amounts of the
obligations therein recorded; provided, however, 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 obligations of the Borrowers to repay the Loans in
accordance with the terms of this Agreement.
(e)Any Lender may request that Loans made by it hereunder be evidenced by a
promissory note in substantially the form of Exhibit G-1 or Exhibit G-2, as
applicable, with appropriate insertions and deletions (each, a “Note”). In such
event, the relevant Borrower shall execute and deliver to such Lender a Note
payable to such Lender and its permitted registered assigns. Notwithstanding any
other provision of this Agreement, in the event any Lender shall request and
receive such a Note, the interests represented by such Note shall at all times
(including after any assignment of all or part of such interests pursuant to
Section 9.04) be represented by one or more Notes payable to the payee named
therein or its registered assigns.
SECTION 2.05.    Fees.
(a)The Parent Borrower agrees to pay to each Revolving Credit Lender under the
initial Revolving Credit Facility, through the Administrative Agent, on the last
Business Day of March, June, September and December of each year, commencing
December 31, 2015, and on each date on which the Revolving Credit Commitment of
such Lender under such Revolving Credit Facility shall expire or be terminated
as provided herein, a commitment fee (a “Commitment Fee”) equal to the
Applicable Percentage per annum on the actual daily unused amount of the
Revolving Credit Commitment of such Lender during the preceding quarter (or
other period commencing on or after the Closing Date or ending with the
applicable Revolving Credit Maturity Date or the date on which the Revolving
Credit Commitment of such Lender under such Revolving Credit Facility shall be
terminated); provided any Commitment Fee accrued with respect to the Revolving
Credit Commitment of a Defaulting Lender during the period prior to the time
such Lender became a Defaulting Lender and unpaid at such time shall not be
payable by the Parent Borrower so long as such Lender shall be a Defaulting
Lender, except to the extent that such Commitment Fee shall otherwise have been
due and payable by the Parent Borrower prior to such time; and provided,
further, that no Commitment Fee shall accrue on the Revolving Credit Commitment
of a Defaulting Lender so long as such Lender shall be a Defaulting Lender.
Notwithstanding the foregoing, the provisions of this Section 2.05(a) to the
extent otherwise applicable to Extended Revolving Credit Commitments shall be
subject to modification as expressly provided in Section 2.25.
(b)The Parent Borrower agrees to pay to the Administrative Agent, for its own
account, the administrative fees set forth in the applicable Fee Letter at the
times and in the amounts specified therein (the “Administration Fee”).

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(c)The relevant Borrower agrees to pay (i) to each Revolving Credit Lender under
the initial Revolving Credit Facility, through the Administrative Agent, on the
last Business Day of March, June, September and December of each year,
commencing December 31, 2015, and on the date on which the Revolving Credit
Commitment of such Lender under such Revolving Credit Facility shall be
terminated as provided herein, a fee (an “L/C Participation Fee”) calculated on
such Lender’s Pro Rata Percentage of the daily aggregate undrawn amounts of all
outstanding Letters of Credit during the preceding quarter (or shorter period
commencing on or after the Closing Date or ending with the applicable Revolving
Credit Maturity Date or the date on which all Letters of Credit under such
Revolving Credit Facility have been canceled or have expired and the Revolving
Credit Commitments of all Lenders under such Revolving Credit Facility shall
have been terminated) at a rate per annum equal to the Applicable Percentage
then in effect for the applicable Class or Classes of such Revolving Credit
Lender’s Revolving Credit Commitments used to determine the interest rate on
Eurodollar Revolving Credit Borrowings minus the Issuing Bank Fees referred to
in clause (ii)(A) below, and (ii) to the relevant Issuing Bank (A) with respect
to each outstanding Letter of Credit a fronting fee that shall accrue at a rate
of 0.125% per annum (or such lesser rate as shall be separately agreed upon
between the relevant Borrower and such Issuing Bank) on the undrawn amount of
such Letter of Credit, payable quarterly in arrears on the last day of March,
June, September and December of each year, commencing December 31, 2015, and
upon expiration of the applicable Letter of Credit or any earlier termination of
the Revolving Credit Commitment and (B) within 30 days after demand therefor
such Issuing Bank’s standard fees with respect to the issuance, amendment,
renewal or extension of any Letter of Credit issued by such Issuing Bank or
processing of drawings thereunder (the fees in this clause (ii) being
collectively the “Issuing Bank Fees”). Notwithstanding the foregoing, the
provisions of this Section 2.05(c), solely to the extent otherwise applicable to
fees payable on that portion (if any) of Letters of Credit participated in by
Revolving Credit Lenders pursuant to Extended Revolving Credit Commitments,
shall be subject to modification as expressly provided in Section 2.25.
(d)All Fees shall be computed on the basis of the actual number of days elapsed
in a year of 360 days, and shall be paid, in immediately available funds, to the
Administrative Agent for distribution, if and as appropriate, among the Lenders
and the Issuing Banks, except that the Issuing Bank Fees shall be paid directly
to the Issuing Banks. Once paid, none of the Fees shall be refundable under any
circumstances absent manifest error.
SECTION 2.06.    Interest on Loans.
(a)Subject to the provisions of Section 2.07, the Loans comprising each
ABR Borrowing, including each Swingline Loan, shall bear interest at a rate per
annum equal to the Alternate Base Rate plus the Applicable Percentage in effect
from time to time.
(b)Subject to the provisions of Section 2.07, the Loans comprising each Canadian
Base Rate Borrowing shall bear interest at a rate per annum equal to the
Canadian Base Rate plus the Applicable Percentage in effect from time to time.
(c)Subject to the provisions of Section 2.07, Loans comprising a Eurodollar
Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO
Rate for the Interest Period in effect for such Borrowing plus the Applicable
Percentage in effect from time to time.
(d)Subject to the provisions of Section 2.07, Loans comprising a BA Rate
Borrowing shall bear interest at a rate per annum equal to the BA Rate for the
Interest Period in effect for such Borrowing plus the Applicable Percentage in
effect from time to time.
(e)Subject to the provisions of Section 2.07, Loans comprising Borrowings
denominated in an Alternative Currency approved under Section 9.08(b) shall bear
interest at a rate per annum designated

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with respect to such Alternative Currency at the time such Alternative Currency
is approved by the Administrative Agent plus the Applicable Percentage in effect
from time to time.
(f)Interest, including interest payable pursuant to Section 2.07, shall be
computed on the basis of the actual number of days elapsed over a year of 360
days (other than computations of interest for ABR Loans, Canadian Base Rate
Loans and Loans denominated in Sterling which shall be made by the
Administrative Agent on the basis of the actual number of days elapsed over a
year of 365 or 366 day, as applicable) and shall be calculated from and
including the date of the relevant Borrowing to, but excluding, the date of
repayment thereof. Interest on each Loan shall be payable on the Interest
Payment Dates applicable to such Loan, except as otherwise provided in this
Agreement. The applicable Alternate Base Rate, Adjusted LIBO Rate, Canadian Base
Rate or BA Rate for each Interest Period or day within an Interest Period, as
the case may be, shall be determined by the Administrative Agent, and such
determination shall be conclusive absent manifest error.
SECTION 2.07.    Default Interest. If an Event of Default under Section 7.01(b)
or (c) shall have occurred and shall be continuing, by acceleration or
otherwise, then, upon the request of the Required Lenders until the related
defaulted amount shall have been paid in full, to the extent permitted by law,
such overdue amount shall bear interest (after as well as before judgment),
payable on demand, (a) in the case of principal of a Loan, at the rate otherwise
applicable to such Loan pursuant to Section 2.06 plus 2.00% per annum and (b) in
all other cases, at a rate per annum equal to the rate that would be applicable
to an ABR Revolving Loan plus 2.00% per annum.
SECTION 2.08.    Alternate Rate of Interest. In the event, and on each occasion,
that (i) the Administrative Agent shall have reasonably determined that deposits
in the principal amounts and denominations of the Loans comprising such
Borrowing are not generally available in the London interbank market, or that
the rates at which such deposits are being offered in the London interbank
market will not adequately and fairly reflect the cost to any participating
Lender of making or maintaining its Eurodollar Loan during such Interest Period,
or that reasonable means do not exist for ascertaining the Adjusted LIBO Rate or
BA Rate, as applicable, for such Interest Period or (ii) the Required Lenders of
any Class of Loans notify the Administrative Agent that the Adjusted LIBO Rate
or the BA Rate for any Interest Period will not adequately reflect the cost to
the Lenders in such Class of making or maintaining such Loans in the applicable
currency for such Interest Period, the Administrative Agent shall, as soon as
practicable thereafter, give written or fax notice of such determination to the
Parent Borrower and the Lenders. In the event of any such determination, until
the Administrative Agent shall have advised the Parent Borrower and the
participating Lenders that the circumstances giving rise to such notice no
longer exist (which the Administrative Agent agrees to give promptly after such
circumstances no longer exist), (x) each affected Eurodollar Loan denominated in
dollars shall automatically, on the last day of the current Interest Period for
such Loan, convert into a ABR Loan and the obligations of the Lenders to make
Adjusted LIBO Rate Loans denominated in dollars or to convert ABR Loans into
Adjusted LIBO Rate Loans shall be suspended until the Administrative Agent shall
notify the Parent Borrower that the Required Lenders of such affected Class of
Loans have determined that the circumstances causing such suspension no longer
exist, (y) each BA Rate Loan shall automatically, on the last day of the current
Interest Period for such Loan, convert into a Canadian Base Rate Loan and the
obligations of the Revolving Credit Lenders to make BA Rate Loans or to convert
Canadian Base Rate Loans into BA Rate Loans shall be suspended until the
Administrative Agent shall notify the Parent Borrower that the Required
Revolving Lenders have determined that the circumstances causing such suspension
no longer exist and (z) each affected Eurodollar Loan that is denominated in a
currency other than dollars, shall be made or continued, as the case may be, as
Eurodollar Loans with an Interest Period of one month and the amount of interest
payable in respect of any such Eurodollar Loan shall be determined in accordance
with the following provisions:

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(i)if the Administrative Agent so requires, within five days of such
notification the Administrative Agent and the applicable Borrower, as
applicable, shall enter into negotiations with a view to agreeing on a
substitute basis for determining the rate of interest (a “Substitute Interest
Rate”) which may be applicable to affected Eurodollar Loans of such Borrower in
the future and any such Substitute Interest Rate that is agreed shall take
effect in accordance with its terms and be binding on each party hereto;
provided that the Administrative Agent may not agree on any such Substitute
Interest Rate without the prior consent of the Required Lenders of the affected
Class of Loans;
(ii)if no Substitute Interest Rate is agreed pursuant to clause (i) above, any
affected Eurodollar Loan shall bear interest during the subsequent Interest
Period at the rate per annum otherwise applicable to Eurodollar Loans under such
Credit Facility, except that in the place of the Adjusted LIBO Rate, the
Administrative Agent shall use the cost to the applicable Lender (as
conclusively certified by such Lender in a certificate to the Administrative
Agent and the applicable Borrower and expressed as a rate per annum) and
containing a general description of the source selected of funding such Loan
from whatever source it shall reasonably select; and
(iii)if the Administrative Agent has required a Borrower to enter into
negotiations pursuant to clause (i) above, the Administrative Agent may (acting
on the instructions of the Required Lenders of the affected Class of Loans)
declare that no further Eurodollar Loans in the applicable currency shall be
converted, continued or made unless a Substitute Interest Rate has been agreed
by the applicable Borrower and the Administrative Agent within 30 days of the
Administrative Agent having so required negotiations.
Each determination by the Administrative Agent under this Section 2.08 shall be
conclusive absent manifest error.
SECTION 2.09.    Termination and Reduction of Commitments.
(a)The Tranche A Term Loan Commitments and Tranche B Term Loan Commitments shall
automatically terminate upon the making of the related Term Loans on the Closing
Date. The Revolving Credit Commitments and the Swingline Commitment shall
automatically terminate on the applicable Revolving Credit Maturity Date. The
L/C Commitment shall automatically terminate on the earlier to occur of (i) the
termination of the related Revolving Credit Commitments and (ii) the date 5 days
prior to the applicable Revolving Credit Maturity Date, unless otherwise agreed
by each Issuing Bank in the applicable Revolving Credit Facility and the Parent
Borrower.
(b)Upon at least 3 Business Days’ prior written or fax notice to the
Administrative Agent, the Parent Borrower may at any time in whole terminate, or
from time to time in part permanently reduce, the Revolving Credit Commitments
of any Class or the Swingline Commitment without premium or penalty; provided,
however, that (i) each partial reduction of the Revolving Credit Commitments
shall be in an aggregate amount of not less than the Minimum Currency Threshold,
(ii) the Total Revolving Credit Commitment shall not be reduced to an amount
that is less than the Aggregate Revolving Credit Exposure then in effect (after
giving effect to any repayment or prepayment effected simultaneously therewith)
and (iii) any termination or permanent reduction of any Revolving Credit
Commitments pursuant to this Section 2.09(b) shall be applied as directed by the
Parent Borrower, including as to any Class of Extended Revolving Credit
Commitments or existing Revolving Credit Commitments (including any Class of
Incremental Revolving Credit Commitments or Refinancing Revolving Credit
Commitments). Any notice given by the Parent Borrower pursuant to this
Section 2.09(b) shall be irrevocable; provided that any such notice delivered by
the Parent Borrower may state that such notice is conditioned upon the
effectiveness of other financing arrangements, in which case such notice may be
revoked or extended by the Parent

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Borrower (by notice to the Administrative Agent on or prior to the specified
effective date) if such condition is not satisfied.
(c)Each reduction in the Revolving Credit Commitments of any Class hereunder
shall be made ratably among the Lenders of such Class in accordance with their
respective applicable Commitments; provided that none of the Swingline
Commitment, the L/C Commitment, the Alternative Currency Sublimit or the Foreign
Subsidiary Borrower Sublimit shall be reduced unless the Revolving Credit
Commitment is reduced to an amount less than the Swingline Commitment, the
Letter of Credit Commitment, the Alternative Currency Sublimit or the Foreign
Subsidiary Borrower Sublimit, as applicable, then in effect (and then only to
the extent of such deficit). The Borrowers shall pay to the Administrative Agent
for the account of the Revolving Credit Lenders, on the date of each termination
or reduction of the Revolving Credit Commitments, the applicable Commitment Fees
on the amount of the Revolving Credit Commitments so terminated or reduced
accrued to but excluding the date of such termination or reduction.
(d)On the applicable Revolving Credit Maturity Date of any Revolving Credit
Commitments, such Revolving Credit Commitments will terminate and the respective
Lenders who held such terminated Commitments will have no obligation to make, or
participate in, extensions of credit (whether the making of Loans or the
issuance of Letters of Credit) made pursuant to such Commitments after such
Revolving Credit Maturity Date; provided that, except as expressly provided in
the immediately succeeding sentence, (x) the foregoing shall not release any
Revolving Credit Lender from liability it may have for its failure to fund
Revolving Loans, L/C Disbursements or participations in Swingline Loans that was
required to be performed by it on or prior to such Revolving Credit Maturity
Date and (y) the foregoing will not release any Revolving Credit Lender from any
obligation to fund its portion of L/C Disbursements or participations in
Swingline Loans with respect to Letters of Credit issued or Swingline Loans made
prior to such Revolving Credit Maturity Date.
SECTION 2.10.    Conversion and Continuation of Borrowings. The Borrowers shall
have the right at any time upon prior written or fax notice to the
Administrative Agent (i) not later than 12:30 p.m., 1 Business Day prior to
conversion, to convert any dollar denominated Eurodollar Borrowing into an ABR
Borrowing or any BA Rate Borrowing into a Canadian Base Rate Borrowing and
(ii) not later than 12:30 p.m., 3 Business Days prior to conversion or
continuation, to convert any ABR Borrowing into a Eurodollar Borrowing, to
convert any Canadian Base Rate Borrowing into a BA Rate Borrowing, to continue
any Eurodollar Borrowing as a Eurodollar Borrowing for an additional Interest
Period or to continue any BA Rate Borrowing as a BA Rate Borrowing, subject in
each case to the following:
(w)    each conversion or continuation shall be made pro rata among the Lenders
in accordance with the respective principal amounts of the Loans comprising the
converted or continued Borrowing;
(x)    if less than all of the outstanding principal amount of any Borrowing
shall be converted or continued, then each resulting Borrowing shall satisfy the
limitations specified in Sections 2.02(a) and 2.02(b) regarding the principal
amount and maximum number of Borrowings of the relevant Type;
(y)    each conversion shall be effected by each Lender and the Administrative
Agent recording, for the account of such Lender, the Type of such Loan resulting
from such conversion and reducing the Loan (or portion thereof) of such Lender
being converted by an equivalent principal amount; accrued interest on any
Eurodollar Loan or BA Rate Loan (or portion thereof) being converted shall be
paid by the relevant Borrower at the time of conversion; and

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(z)    if any Eurodollar Borrowing or BA Rate Borrowing is converted at a time
other than the end of the Interest Period applicable thereto, the relevant
Borrower shall pay, upon demand, any amounts due to the Lenders pursuant to
Section 2.16.
Each notice pursuant to this Section 2.10 shall be irrevocable (subject to
Sections 2.08 and 2.15) and shall refer to this Agreement and specify (i) the
identity and amount of the Borrowing that the relevant Borrower requests be
converted or continued, (ii) whether such Borrowing is to be converted to or
continued as a Eurodollar Borrowing, an Alternate Base Rate Borrowing, a BA Rate
Borrowing or a Canadian Base Rate Borrowing, (iii) if such notice requests a
conversion, the date of such conversion (which shall be a Business Day) and
(iv) if such Borrowing is to be converted to or continued as a Eurodollar
Borrowing or a BA Rate Borrowing, the Interest Period with respect thereto. If
no Interest Period is specified in any such notice with respect to any
conversion to or continuation as a Eurodollar Borrowing or BA Rate Borrowing,
the relevant Borrower shall be deemed to have selected an Interest Period of 1
month’s duration. The Administrative Agent shall advise the Lenders of any
notice given pursuant to this Section 2.10 and of each Lender’s portion of any
converted or continued Borrowing. If the relevant Borrower shall not have given
notice in accordance with this Section 2.10 to continue any Borrowing into a
subsequent Interest Period (and shall not otherwise have given notice in
accordance with this Section 2.10 to convert such Borrowing), such Borrowing
shall, at the end of the Interest Period applicable thereto (unless repaid
pursuant to the terms hereof), automatically be converted into an ABR Borrowing
or Canadian Base Rate Borrowing. This Section 2.10 shall not apply to Swingline
Loans.
SECTION 2.11.    Repayment of Term Borrowings.
(a)The Parent Borrower shall repay to the Administrative Agent in dollars for
the ratable account of the Tranche A Term Loan Lenders the aggregate principal
amount of all Tranche A Term Loans outstanding in consecutive quarterly
installments as follows (which payments shall be reduced as a result of the
application of prepayments in accordance with the order of priority set forth in
Sections 2.12 and 2.13 or Section 9.04 to the extent such Indebtedness is
cancelled (which reduction, in the case of prepayments pursuant to Section
2.12(f), shall be limited to the cash amount paid)):
Date
Amount
03/31/16
$11,375,000
06/30/16
$11,375,000
09/30/16
$11,375,000
12/31/16
$11,375,000
03/31/17
$11,375,000
06/30/17
$11,375,000
09/30/17
$11,375,000
12/31/17
$11,375,000
03/31/18
$17,062,500
06/30/18
$17,062,500
09/30/18
$17,062,500
12/31/18
$17,062,500
03/31/19
$22,750,000
06/30/19
$22,750,000
09/30/19
$22,750,000
12/31/19
$22,750,000
03/31/20
$22,750,000
06/30/20
$22,750,000

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provided, that the final principal repayment installment of the Tranche A Term
Loans shall be repaid on the Term Loan Maturity Date for the Tranche A Term
Loans and in any event shall be in an amount equal to the aggregate principal
amount of all Tranche A Term Loans outstanding on such date.
(b) The Parent Borrower shall repay to the Administrative Agent in euro for the
ratable account of the Tranche B Term Loan Lenders (A) on the last Business Day
of each March, June, September and December, commencing with March 31, 2016, an
aggregate principal amount equal to 0.25% of the aggregate principal amount of
all Tranche B Term Loans outstanding on the Closing Date (which payments shall
be reduced as a result of the application of prepayments in accordance with the
order of priority set forth in Sections 2.12 and 2.13 or Section 9.04 to the
extent such Indebtedness is cancelled (which reduction, in the case of
prepayments pursuant to Section 2.12(f), shall be limited to the cash amount
paid)) and (B) on the Term Loan Maturity Date for the Tranche B Term Loans, the
aggregate principal amount of all Tranche B Term Loans outstanding on such date.
(c)Notwithstanding the foregoing, the amortization, if any, in respect of (i)
any Class of Extended Term Loans shall be as set forth in the relevant Extension
Offer, (ii) any Class of Incremental Term Loans shall be as set forth in the
relevant Incremental Amendment, (iii) any Class of Refinancing Term Loans shall
be as set forth in the relevant Refinancing Amendment and (iv) any Class of
Replacement Term Loans shall be as set forth in the relevant amendment pursuant
to Section 9.08(d).
(d)To the extent not previously paid, all Term Loans shall be due and payable on
the applicable Term Loan Maturity Date, in each case, together with accrued and
unpaid interest on the principal amount to be paid to but excluding the date of
payment.
(e)All repayments pursuant to this Section 2.11 shall be subject to
Section 2.16, but shall otherwise be without premium or penalty.
SECTION 2.12.    Optional Prepayment.
(a)The Borrowers shall have the right at any time and from time to time to
prepay any Borrowing, in whole or in part upon prior written or fax notice by
the Parent Borrower to the Administrative Agent, not later than 12:30 p.m., 3
Business Days prior to such prepayment in the case of Eurodollar Loans or BA
Rate Loans and not later than 12:30 p.m., 1 Business Day prior to such
prepayment in the case of ABR Loans or Canadian Base Rate Loans; provided,
however, that each partial prepayment shall be in an aggregate amount of not
less than the Minimum Currency Threshold; provided, further, that any prepayment
of Term Loans with the Net Cash Proceeds of Credit Agreement Refinancing
Indebtedness shall be applied solely to each applicable Class of Refinanced
Debt.
(b)Optional prepayments of Tranche A Term Loans shall be applied against the
remaining scheduled installments of principal due in respect of the Tranche A
Term Loans under Section 2.11(a) in the manner specified by the Parent Borrower
or, if not so specified on or prior to the date of such optional prepayment, in
direct order of maturity. Optional prepayments of Tranche B Term Loans shall be
applied against the remaining scheduled installments of principal due in respect
of the Tranche B Term Loans under Section 2.11(b) in the manner specified by the
Parent Borrower or, if not so specified on or prior to the date of such optional
prepayment, in direct order of maturity. Optional prepayments of any other Class
of Term Loans shall be applied as set forth in the applicable Incremental
Amendment, Extension Offer, Refinancing Amendment, amendment relating to
Replacement Term Loans or other applicable Loan Document.
(c)In the case of each prepayment of the Loans pursuant to this Section 2.12,
the Borrowers may in their sole discretion select the Class or Classes and the
Borrowing or Borrowings (and the order of

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maturity of principal payments) to be repaid, and such payment shall be paid to
the Lenders in any such Class ratably among the Lenders in such Class.
Notwithstanding anything to the contrary in this Agreement, (x) after any
Extension, the Borrowers may voluntarily prepay any Borrowing of any Class of
non-extended Term Loans or non-extended Revolving Loans (and terminate the
related Revolving Credit Commitment) pursuant to which the related Extension
Offer was made without any obligation to prepay the corresponding Extended Term
Loans or Extended Revolving Loans or may voluntarily prepay any Borrowing of any
Extended Term Loans or Extended Revolving Loans (and terminate the related
Extended Revolving Credit Commitment) pursuant to which the related Extension
Offer was made without any obligation to voluntarily prepay the corresponding
non-extended Term Loans or non-extended Revolving Loans and (y) after the
incurrence or issuance of any Incremental Term Loans, Incremental Revolving
Loans, Refinancing Term Loans, Refinancing Revolving Credit Loans or Replacement
Term Loans, the Borrowers may voluntarily prepay (and terminate the related
Commitment with respect to) any Borrowing of any Tranche A Term Loans, Tranche B
Term Loans or Revolving Loans without any obligation to voluntarily prepay (or
terminate the related Commitment with respect to) any Class of Incremental Term
Loans, Incremental Revolving Loans, Refinancing Term Loans, Refinancing
Revolving Credit Loans or Replacement Term Loans, or may voluntarily prepay (and
terminate the related Commitment with respect to) any Borrowing of any Class of
Incremental Term Loans, Incremental Revolving Loans, Refinancing Term Loans,
Refinancing Revolving Credit Loans or Replacement Term Loans without any
obligation to voluntarily prepay (or terminate the related Commitment with
respect to) the Tranche A Term Loans, Tranche B Term Loans, any other Term Loans
or any Revolving Loans; provided that any Incremental Loans effected as a Term
Loan Increase or a Revolving Commitment Increase to any existing Class of Term
Loans or Revolving Loans and such existing Class of Term Loans or Revolving
Loans, as applicable, shall in all events be voluntarily prepaid on a pro rata
basis.
(d)Each notice of prepayment shall specify the prepayment date and the principal
amount of each Borrowing (or portion thereof) to be prepaid, shall be
irrevocable and shall commit the relevant Borrower to prepay such Borrowing by
the amount stated therein on the date stated therein; provided that any such
notice delivered by the Parent Borrower may state that such notice is
conditioned upon the effectiveness of other financing arrangements, in which
case such notice may be revoked or extended by the Parent Borrower (by notice to
the Administrative Agent on or prior to the specified effective date) if such
condition is not satisfied. All prepayments under this Section 2.12 shall be
subject to Section 2.16 but otherwise without premium or penalty. All Eurodollar
Loan and BA Rate Loan prepayments under this Section 2.12 shall be accompanied
by accrued and unpaid interest on the principal amount to be prepaid to but
excluding the date of payment.
(e)Notwithstanding any other provision herein, in the event that, on or prior to
the six month anniversary of the Closing Date, the Parent Borrower (x) makes any
prepayment of any the Tranche B Term Loans funded on the Closing Date in
connection with any Repricing Transaction with respect to such Tranche B Term
Loans or (y) effects any amendment of this Agreement resulting in a Repricing
Transaction with respect to such Tranche B Term Loans, the Borrower shall pay to
the Administrative Agent, for the ratable account of each applicable Tranche B
Term Loan Lender, (I) in the case of clause (x), a prepayment premium of 1.00%
of the aggregate principal amount of the Tranche B Term Loans being prepaid and
(II) in the case of clause (y), a payment equal to 1.00% of the aggregate
principal amount of such Class of Tranche B Term Loans subject to such Repricing
Transaction.
(f)Notwithstanding anything in any Loan Document to the contrary, in addition to
the terms set forth in Sections 2.12(a) and 9.04, so long as no Event of Default
has occurred and is continuing, any Company Party may prepay the outstanding
Term Loans (which shall, for the avoidance of doubt, be automatically and
permanently canceled immediately upon such prepayment) (or Holdings or any of
its subsidiaries may purchase such outstanding Loans and immediately cancel
them) without premium or penalty on the following basis:

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(i)Any Company Party shall have the right to make a voluntary prepayment of Term
Loans at a discount to par pursuant to a Borrower Offer of Specified Discount
Prepayment, Borrower Solicitation of Discount Range Prepayment Offers or
Borrower Solicitation of Discounted Prepayment Offers (any such prepayment, the
“Discounted Term Loan Prepayment”), in each case made in accordance with this
Section 2.12(f) and without premium or penalty.
(ii)(1) Any Company Party may from time to time offer to make a Discounted Term
Loan Prepayment by providing the Auction Agent with five Business Days’ notice
in the form of a Specified Discount Prepayment Notice (or such shorter period as
agreed by the Auction Agent); provided that (I) any such offer shall be made
available, at the sole discretion of the Company Party, to (x) each Term Loan
Lender and/or (y) each Term Loan Lender with respect to any Class of Term Loans
on an individual Class basis, (II) any such offer shall specify the aggregate
principal amount offered to be prepaid (the “Specified Discount Prepayment
Amount”) with respect to each applicable Class or Classes of Term Loans subject
to such offer and the specific percentage discount to par (the “Specified
Discount”) of such Term Loans to be prepaid (it being understood that different
Specified Discounts and/or Specified Discount Prepayment Amounts may be offered
with respect to different Classes of Term Loans and, in such event, each such
offer will be treated as a separate offer pursuant to the terms of this
Section 2.12(f)(ii)), (III) the Specified Discount Prepayment Amount shall be in
an aggregate amount not less than $2,500,000 and whole increments of $500,000 in
excess thereof and (IV) unless rescinded, each such offer shall remain
outstanding through the Specified Discount Prepayment Response Date. The Auction
Agent will promptly provide each Appropriate Lender with a copy of such
Specified Discount Prepayment Notice and a form of the Specified Discount
Prepayment Response to be completed and returned by each such Term Loan Lender
to the Auction Agent (or its delegate) by no later than 5:00 p.m. on the third
Business Day after the date of delivery of such notice to such Lenders (or such
later date specified therein) (the “Specified Discount Prepayment Response
Date”).
(2) Each Term Loan Lender receiving such offer shall notify the Auction Agent
(or its delegate) by the Specified Discount Prepayment Response Date whether or
not it agrees to accept a prepayment of any of its applicable then outstanding
Term Loans at the Specified Discount and, if so (such accepting Lender, a
“Discount Prepayment Accepting Lender”), the amount and the Classes of such
Lender’s Term Loans to be prepaid at such offered discount. Each acceptance of a
Discounted Term Loan Prepayment by a Discount Prepayment Accepting Lender shall
be irrevocable. Any Term Lender whose Specified Discount Prepayment Response is
not received by the Auction Agent by the Specified Discount Prepayment Response
Date shall be deemed to have declined to accept the applicable Borrower Offer of
Specified Discount Prepayment.
(3) If there is at least one Discount Prepayment Accepting Lender, the relevant
Company Party will make a prepayment of outstanding Term Loans pursuant to this
Section 2.12(f)(ii) to each Discount Prepayment Accepting Lender in accordance
with the respective outstanding amount and Classes of Term Loans specified in
such Lender’s Specified Discount Prepayment Response given pursuant to
clause (2) above; provided that, if the aggregate principal amount of Term Loans
accepted for prepayment by all Discount Prepayment Accepting Lenders exceeds the
Specified Discount Prepayment Amount, such prepayment shall be made pro rata
among the Discount Prepayment Accepting Lenders in accordance with the
respective principal amounts accepted to be prepaid by each such Discount
Prepayment Accepting Lender and the Auction Agent (with the consent of such
Company Party and subject to rounding requirements of the Auction Agent made in
its reasonable discretion) will calculate such proration (the “Specified
Discount Proration”). The Auction Agent shall promptly, and in any case within
three Business Days following the Specified Discount Prepayment Response Date,
notify (I) the relevant Company Party of the respective Term Loan Lenders’
responses to such offer, the Discounted Prepayment Effec-

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tive Date and the aggregate principal amount of the Discounted Term Loan
Prepayment and the Classes to be prepaid, (II) each Term Loan Lender of the
Discounted Prepayment Effective Date, and the aggregate principal amount and the
Classes of Term Loans to be prepaid at the Specified Discount on such date and
(III) each Discount Prepayment Accepting Lender of the Specified Discount
Proration, if any, and confirmation of the principal amount, Class and Type of
Term Loans of such Lender to be prepaid at the Specified Discount on such date.
Each determination by the Auction Agent of the amounts stated in the foregoing
notices to the Company Party and such Term Loan Lenders shall be conclusive and
binding for all purposes absent manifest error. The payment amount specified in
such notice to the Company Party shall be due and payable by such Company Party
on the Discounted Prepayment Effective Date in accordance with
Section 2.12(f)(vi) below (subject to Section 2.12(f)(ix) below).
(iii)(1) Any Company Party may from time to time solicit Discount Range
Prepayment Offers by providing the Auction Agent with five Business Days’ notice
in the form of a Discount Range Prepayment Notice (or such shorter period as
agreed by the Auction Agent); provided that (I) any such solicitation shall be
extended, at the sole discretion of such Company Party, to (x) each Term Loan
Lender and/or (y) each Term Loan Lender with respect to any Class of Term Loans
on an individual Class basis, (II) any such notice shall specify the maximum
aggregate principal amount of the relevant Term Loans (the “Discount Range
Prepayment Amount”), the Class or Classes of Term Loans subject to such offer
and the maximum and minimum percentage discounts to par (the “Discount Range”)
of the principal amount of such Term Loans with respect to each relevant Class
of Term Loans willing to be prepaid by such Company Party (it being understood
that different Discount Ranges and/or Discount Range Prepayment Amounts may be
offered with respect to different Classes of Term Loans and, in such event, each
such offer will be treated as a separate offer pursuant to the terms of this
Section 2.12(f)(iii)), (III) the Discount Range Prepayment Amount shall be in an
aggregate amount not less than $2,500,000 and whole increments of $500,000 in
excess thereof and (IV) unless rescinded, each such solicitation by a Company
Party shall remain outstanding through the Discount Range Prepayment Response
Date. The Auction Agent will promptly provide each Appropriate Lender with a
copy of such Discount Range Prepayment Notice and a form of the Discount Range
Prepayment Offer to be submitted by a responding Lender to the Auction Agent (or
its delegate) by no later than 5:00 p.m. on the third Business Day after the
date of delivery of such notice to such Lenders (or such later date specified
therein) (the “Discount Range Prepayment Response Date”). Each Term Loan
Lender’s Discount Range Prepayment Offer shall be irrevocable and shall specify
a discount to par within the Discount Range (the “Submitted Discount”) at which
such Lender is willing to allow prepayment of any or all of its then outstanding
Term Loans of the applicable Class or Classes and the maximum aggregate
principal amount and Classes of such Lender’s Term Loans (the “Submitted
Amount”) such Term Loan Lender is willing to have prepaid at the Submitted
Discount. Any Term Loan Lender whose Discount Range Prepayment Offer is not
received by the Auction Agent by the Discount Range Prepayment Response Date
shall be deemed to have declined to accept a Discounted Term Loan Prepayment of
any of its Term Loans at any discount to their par value within the Discount
Range.
(2) The Auction Agent shall review all Discount Range Prepayment Offers received
on or before the applicable Discount Range Prepayment Response Date and shall
determine (with the consent of such Company Party and subject to rounding
requirements of the Auction Agent made in its sole reasonable discretion) the
Applicable Discount and Term Loans to be prepaid at such Applicable Discount in
accordance with this Section 2.12(f)(iii). The relevant Company Party agrees to
accept on the Discount Range Prepayment Response Date all Discount Range
Prepayment Offers received by Auction Agent by the Discount Range Prepayment
Response Date, in the order from the Submitted Discount that is the largest
discount to par to the Submitted Discount

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that is the smallest discount to par, up to and including the Submitted Discount
that is the smallest discount to par within the Discount Range (such Submitted
Discount that is the smallest discount to par within the Discount Range being
referred to as the “Applicable Discount”) which yields a Discounted Term Loan
Prepayment in an aggregate principal amount equal to the lower of (I) the
Discount Range Prepayment Amount and (II) the sum of all Submitted Amounts. Each
Term Loan Lender that has submitted a Discount Range Prepayment Offer to accept
prepayment at a discount to par that is larger than or equal to the Applicable
Discount shall be deemed to have irrevocably consented to prepayment of Term
Loans equal to its Submitted Amount (subject to any required proration pursuant
to the following clause (3)) at the Applicable Discount (each such Term Loan
Lender, a “Participating Lender”).
(3) If there is at least one Participating Lender, the relevant Company Party
will prepay the respective outstanding Term Loans of each Participating Lender
in the aggregate principal amount and of the Classes specified in such Lender’s
Discount Range Prepayment Offer at the Applicable Discount; provided that if the
Submitted Amount by all Participating Lenders offered at a discount to par
greater than the Applicable Discount exceeds the Discount Range Prepayment
Amount, prepayment of the principal amount of the relevant Term Loans for those
Participating Lenders whose Submitted Discount is a discount to par greater than
or equal to the Applicable Discount (the “Identified Participating Lenders”)
shall be made pro rata among the Identified Participating Lenders in accordance
with the Submitted Amount of each such Identified Participating Lender and the
Auction Agent (with the consent of such Company Party and subject to rounding
requirements of the Auction Agent made in its sole reasonable discretion) will
calculate such proration (the “Discount Range Proration”). The Auction Agent
shall promptly, and in any case within five Business Days following the Discount
Range Prepayment Response Date, notify (I) the relevant Company Party of the
respective Term Loan Lenders’ responses to such solicitation, the Discounted
Prepayment Effective Date, the Applicable Discount, and the aggregate principal
amount of the Discounted Term Loan Prepayment and the Classes to be prepaid,
(II) each Term Loan Lender of the Discounted Prepayment Effective Date, the
Applicable Discount, and the aggregate principal amount and Classes of Term
Loans to be prepaid at the Applicable Discount on such date, (III) each
Participating Lender of the aggregate principal amount and Classes of such Term
Loan Lender to be prepaid at the Applicable Discount on such date, and (IV) if
applicable, each Identified Participating Lender of the Discount Range
Proration. Each determination by the Auction Agent of the amounts stated in the
foregoing notices to the relevant Company Party and Term Loan Lenders shall be
conclusive and binding for all purposes absent manifest error. The payment
amount specified in such notice to the Company Party shall be due and payable by
such Company Party on the Discounted Prepayment Effective Date in accordance
with Section 2.12(f)(vi) below (subject to Section 2.12(f)(ix) below).
(iv)(1) Any Company Party may from time to time solicit Solicited Discounted
Prepayment Offers by providing the Auction Agent with five Business Days’ notice
in the form of a Solicited Discounted Prepayment Notice (or such later notice
specified therein); provided that (I) any such solicitation shall be extended,
at the sole discretion of such Company Party, to (x) each Term Loan Lender
and/or (y) each Lender with respect to any Class of Loans on an individual Class
basis, (II) any such notice shall specify the maximum aggregate amount of the
Term Loans (the “Solicited Discounted Prepayment Amount”) and the Class or
Classes of Term Loans the Parent Borrower is willing to prepay at a discount (it
being understood that different Solicited Discounted Prepayment Amounts may be
offered with respect to different Classes of Term Loans and, in such event, each
such offer will be treated as a separate offer pursuant to the terms of this
Section 2.12(f)(iv)), (III) the Solicited Discounted Prepayment Amount shall be
in an aggregate amount not less than $2,500,000 and whole increments of $500,000
in excess thereof and (IV) unless rescinded, each such solicitation by a Company
Party shall remain outstanding

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through the Solicited Discounted Prepayment Response Date. The Auction Agent
will promptly provide each Appropriate Lender with a copy of such Solicited
Discounted Prepayment Notice and a form of the Solicited Discounted Prepayment
Offer to be submitted by a responding Lender to the Auction Agent (or its
delegate) by no later than 5:00 p.m. on the third Business Day after the date of
delivery of such notice to such Term Loan Lenders (the “Solicited Discounted
Prepayment Response Date”). Each Term Loan Lender’s Solicited Discounted
Prepayment Offer shall (x) be irrevocable, (y) remain outstanding until the
Acceptance Date and (z) specify both a discount to par (the “Offered Discount”)
at which such Term Loan Lender is willing to allow prepayment of its then
outstanding Term Loan and the maximum aggregate principal amount and Classes of
such Term Loans (the “Offered Amount”) such Term Loan Lender is willing to have
prepaid at the Offered Discount. Any Term Loan Lender whose Solicited Discounted
Prepayment Offer is not received by the Auction Agent by the Solicited
Discounted Prepayment Response Date shall be deemed to have declined prepayment
of any of its Term Loans at any discount.
(2) The Auction Agent shall promptly provide the relevant Company Party with a
copy of all Solicited Discounted Prepayment Offers received on or before the
Solicited Discounted Prepayment Response Date. Such Company Party shall review
all such Solicited Discounted Prepayment Offers and select the largest of the
Offered Discounts specified by the relevant responding Term Loan Lenders in the
Solicited Discounted Prepayment Offers that is acceptable to the Company Party
(the “Acceptable Discount”), if any. If the Company Party elects to accept any
Offered Discount as the Acceptable Discount, then as soon as practicable after
the determination of the Acceptable Discount, but in no event later than by the
fifth Business Day after the date of receipt by such Company Party from the
Auction Agent of a copy of all Solicited Discounted Prepayment Offers pursuant
to the first sentence of this clause (2) (the “Acceptance Date”), the Company
Party shall submit an Acceptance and Prepayment Notice to the Auction Agent
setting forth the Acceptable Discount. If the Auction Agent shall fail to
receive an Acceptance and Prepayment Notice from the Company Party by the
Acceptance Date, such Company Party shall be deemed to have rejected all
Solicited Discounted Prepayment Offers.
(3) Based upon the Acceptable Discount and the Solicited Discounted Prepayment
Offers received by Auction Agent by the Solicited Discounted Prepayment Response
Date, within five Business Days after receipt of an Acceptance and Prepayment
Notice (the “Discounted Prepayment Determination Date”), the Auction Agent will
determine (with the consent of such Company Party and subject to rounding
requirements of the Auction Agent made in its sole reasonable discretion) the
aggregate principal amount and the Classes of Term Loans (the “Acceptable
Prepayment Amount”) to be prepaid by the relevant Company Party at the
Acceptable Discount in accordance with this Section 2.12 (f)(iv). If the Company
Party elects to accept any Acceptable Discount, then the Company Party agrees to
accept all Solicited Discounted Prepayment Offers received by Auction Agent by
the Solicited Discounted Prepayment Response Date, in the order from largest
Offered Discount to smallest Offered Discount, up to and including the
Acceptable Discount. Each Term Loan Lender that has submitted a Solicited
Discounted Prepayment Offer with an Offered Discount that is greater than or
equal to the Acceptable Discount shall be deemed to have irrevocably consented
to prepayment of Term Loans equal to its Offered Amount (subject to any required
pro rata reduction pursuant to the following sentence) at the Acceptable
Discount (each such Lender, a “Qualifying Lender”). The Company Party will
prepay outstanding Term Loans pursuant to this Section 2.12(f)(iv) to each
Qualifying Lender in the aggregate principal amount and of the Classes specified
in such Lender’s Solicited Discounted Prepayment Offer at the Acceptable
Discount; provided that if the aggregate Offered Amount by all Qualifying
Lenders whose Offered Discount is greater than or equal to the Acceptable Dis-

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count exceeds the Solicited Discounted Prepayment Amount, prepayment of the
principal amount of the Term Loans for those Qualifying Lenders whose Offered
Discount is greater than or equal to the Acceptable Discount (the “Identified
Qualifying Lenders”) shall be made pro rata among the Identified Qualifying
Lenders in accordance with the Offered Amount of each such Identified Qualifying
Lender and the Auction Agent (with the consent of such Company Party and subject
to rounding requirements of the Auction Agent made in its sole reasonable
discretion) will calculate such proration (the “Solicited Discount Proration”).
On or prior to the Discounted Prepayment Determination Date, the Auction Agent
shall promptly notify (I) the relevant Company Party of the Discounted
Prepayment Effective Date and Acceptable Prepayment Amount comprising the
Discounted Term Loan Prepayment and the Classes to be prepaid, (II) each Term
Loan Lender of the Discounted Prepayment Effective Date, the Acceptable
Discount, and the Acceptable Prepayment Amount of all Term Loans and the Classes
to be prepaid at the Applicable Discount on such date, (III) each Qualifying
Lender of the aggregate principal amount and the Classes of such Term Loan
Lender to be prepaid at the Acceptable Discount on such date, and (IV) if
applicable, each Identified Qualifying Lender of the Solicited Discount
Proration. Each determination by the Auction Agent of the amounts stated in the
foregoing notices to such Company Party and Term Loan Lenders shall be
conclusive and binding for all purposes absent manifest error. The payment
amount specified in such notice to such Company Party shall be due and payable
by such Company Party on the Discounted Prepayment Effective Date in accordance
with Section 2.12(f)(vi) below (subject to Section 2.12 (f)(ix) below).
(v)In connection with any Discounted Term Loan Prepayment, the Company Parties
and the Term Loan Lenders acknowledge and agree that the Auction Agent may
require as a condition to any Discounted Term Loan Prepayment, the payment of
customary fees and expenses from a Company Party in connection therewith.
(vi)If any Term Loan is prepaid in accordance with Sections 2.12(f)(ii) through
2.12(f)(iv) above, a Company Party shall prepay such Term Loans on the
Discounted Prepayment Effective Date. The relevant Company Party shall make such
prepayment to the Administrative Agent, for the account of the Discount
Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders, as
applicable, at the Administrative Agent’s Office in immediately available funds
not later than 12:30 p.m. on the Discounted Prepayment Effective Date and all
such prepayments shall be applied to the remaining principal installments of the
relevant Class of Loans being prepaid as directed by the Parent Borrower (and
absent such direction, in direct order of maturity). The Term Loans so prepaid
shall be accompanied by all accrued and unpaid interest on the par principal
amount so prepaid up to, but not including, the Discounted Prepayment Effective
Date. Each prepayment of the outstanding Term Loans pursuant to this
Section 2.12(f) shall be paid to the Discount Prepayment Accepting Lenders,
Participating Lenders, or Qualifying Lenders, as applicable, and shall be
applied to the relevant Loans of such Lenders on a pro rata basis. The aggregate
principal amount of the Classes and installments of the relevant Term Loans
outstanding shall be deemed reduced by the full par value of the aggregate
principal amount of the Classes of Term Loans prepaid on the Discounted
Prepayment Effective Date in any Discounted Term Loan Prepayment. In connection
with each prepayment pursuant to this Section 2.12(f), each Lender participating
in any prepayment described in this Section 2.12(f) acknowledges and agrees that
in connection therewith, (1) the Parent Borrower or any Company Party then may
have, and later may come into possession of, information regarding the Parent
Borrower, the Sponsor, their respective affiliates not known to such Lender and
that may be material to a decision by such Lender to participate in such
prepayment (including material non-public information) (“Excluded Information”),
(2) such Lender has independently, and without reliance on the Parent Borrower,
any of its subsidiaries, the Administrative Agent or any of their respective
Affiliates, made its own analysis and determination to participate in such
prepayment notwithstanding such Lender’s lack of knowledge of the Excluded
Information, (3) none of the Parent Borrower, Company Parties or Sponsor or any
of their respective Affiliates shall be required to

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make any representation that it is not in possession of material non-public
information and all parties to the relevant transactions shall render customary
“big boy” disclaimer letters, (4) none of the Parent Borrower, its subsidiaries,
the Administrative Agent or any of their respective Affiliates shall have any
liability to such Lender, and such Lender hereby waives and releases, to the
extent permitted by law, any claims such Lender may have against the Parent
Borrower, its subsidiaries, the Administrative Agent and their respective
Affiliates, under applicable laws or otherwise, with respect to the
nondisclosure of the Excluded Information, and (5) the Excluded Information may
not be available to the Administrative Agent or the other Lenders.
(vii)To the extent not expressly provided for herein, each Discounted Term Loan
Prepayment shall be consummated pursuant to procedures consistent with the
provisions in this Section 2.12(f), established by the Auction Agent acting in
its reasonable discretion and as reasonably agreed by the Parent Borrower.
(viii)Each of the Company Parties and the Term Loan Lenders acknowledges and
agrees that the Auction Agent may perform any and all of its duties under this
Section 2.12(f) by itself or through any Affiliate of the Auction Agent and
expressly consents to any such delegation of duties by the Auction Agent to such
Affiliate and the performance of such delegated duties by such Affiliate. The
exculpatory provisions pursuant to this Agreement shall apply to each Affiliate
of the Auction Agent and its respective activities in connection with any
Discounted Term Loan Prepayment provided for in this Section 2.12(f) as well as
activities of the Auction Agent.
(ix)Each Company Party shall have the right, by written notice to the Auction
Agent, to revoke in full (but not in part) its offer to make a Discounted Term
Loan Prepayment and rescind the applicable Specified Discount Prepayment Notice,
Discount Range Prepayment Notice or Solicited Discounted Prepayment Notice
therefor at its discretion at any time on or prior to the applicable Specified
Discount Prepayment Response Date (and if such offer is revoked pursuant to the
preceding clauses, any failure by such Company Party to make any prepayment to a
Lender, as applicable, pursuant to this Section 2.12(f) shall not constitute a
Default or Event of Default under Section 7.01 or otherwise).
SECTION 2.13.    Mandatory Prepayments.
(a)Each Borrower shall, on the date of termination of all Revolving Credit
Commitments, repay or prepay all of its outstanding Revolving Credit Borrowings
and all outstanding Swingline Loans and replace or cause to be canceled (or
provide an L/C Backstop or make other arrangements reasonably satisfactory to
the relevant Issuing Bank with respect to) all of its outstanding Letters of
Credit. If, after giving effect to any partial reduction of the Revolving Credit
Commitments (including as a result of the termination of any Revolving Credit
Commitments on the Revolving Credit Maturity Date), the Aggregate Revolving
Credit Exposure would exceed the Total Revolving Credit Commitment then in
effect, then the Parent Borrower shall (and to the extent the Foreign Subsidiary
Borrower Sublimit would exceed the Total Revolving Credit Commitment then in
effect, then such Foreign Subsidiary Borrower shall), on the date of such
reduction, repay or prepay Revolving Credit Borrowings or Swingline Loans (or a
combination thereof) and, after the Revolving Credit Borrowings and Swingline
Loans shall have been repaid or prepaid in full, replace or cause to be canceled
(or provide an L/C Backstop or make other arrangements reasonably satisfactory
to the relevant Issuing Bank with respect to) Letters of Credit in an amount
sufficient to eliminate such excess. For the avoidance of doubt, if for any
reason, at any time during the five (5) Business Day period immediately
preceding the Revolving Credit Maturity Date for any Revolving Credit
Commitments where there exist other Revolving Credit Commitments with a later
Revolving Credit Maturity Date, and if at such time there are outstanding
Letters of Credit or Swingline Loans under such respective Class or Classes,
then the Borrowers shall prepay outstanding Revolving Loans and

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Swingline Loans, as the case may be, as is needed so that, after giving effect
thereto, the Revolving Credit Exposure of the Revolving Credit Lenders with such
later Revolving Credit Maturity Date will not, after giving effect to the
reallocations which will be required (in the absence of a Specified Default or
event, act or condition which with notice or lapse of time or both would
constitute a Specified Default) pursuant to Section 2.09(d), exceed the amount
of their respective Commitments as in effect on (and after giving effect to) the
Revolving Credit Maturity Date of such sooner maturing Revolving Credit
Commitments.
(b)Not later than the tenth Business Day following the receipt by the Parent
Borrower or any of its Restricted Subsidiaries of Net Cash Proceeds in respect
of any Prepayment Asset Sale or Property Loss Event, the Parent Borrower shall
apply an amount equal to 100% of the Net Cash Proceeds received by the Parent
Borrower or any of its Restricted Subsidiaries with respect thereto (subject to
the restrictions set forth herein) to prepay outstanding Term Loans in
accordance with Section 2.13(e); provided that (x) if prior to the date any such
prepayment is required to be made, the Parent Borrower notifies the
Administrative Agent of its intent to use such Net Cash Proceeds to acquire,
maintain, develop, construct, improve, upgrade or replace assets then used or
usable in the business of the Parent Borrower and its Restricted Subsidiaries
(including any Related Business Assets), then the Parent Borrower shall not be
required to prepay Term Loans hereunder in respect of such Net Cash Proceeds to
the extent that such Net Cash Proceeds are so reinvested within 365 days after
the date of receipt of such Net Cash Proceeds (or, within such 365 day period,
the Parent Borrower or any of its Restricted Subsidiaries enters into a binding
commitment to so reinvest in such Net Cash Proceeds, and such Net Cash Proceeds
are so reinvested within 180 days after such binding commitment is so entered
into) and (y) the Parent Borrower shall not be required to prepay Term Loans
hereunder in respect of any such Net Cash Proceeds from any Prepayment Asset
Sale or Property Loss Event of any Foreign Subsidiary if repatriation by that
Foreign Subsidiary of such Net Cash Proceeds (i) is not at the date of
determination wholly permitted without any prior governmental approval (which
has not been obtained) or, directly or indirectly, by the operation of the terms
of its charter or any agreement, instrument, judgment, decree, order, statute,
rule or governmental regulation applicable to that Foreign Subsidiary or its
stockholders, unless such restriction with respect to the payment of dividends
or similar distributions has been legally waived or (ii) would otherwise result
in adverse tax consequences as determined by the Parent Borrower in good faith;
provided, however, that (I) if any Net Cash Proceeds are not reinvested or
applied as a repayment on or prior to the last day of the applicable application
period, an amount equal to such Net Cash Proceeds shall be applied within 5
Business Days to the prepayment of the Term Loans as set forth above (without
regard to the immediately preceding proviso) and (II) if, as a result of any
Prepayment Asset Sale or Property Loss Event, the Parent Borrower would be
required to make an “offer to purchase” the Existing Senior Notes pursuant to
the terms of the Existing Senior Notes Documentation or any other Material
Indebtedness, in any such case prior to the expiry of the foregoing reinvestment
or repayment periods, the Parent Borrower shall apply the relevant percentage of
such Net Cash Proceeds as required above by this paragraph (b) to prepay Term
Loans in accordance with Section 2.13(e) on the day immediately preceding the
date of such required “offer to purchase” (without regard to the immediately
preceding proviso).
(c)No later than the tenth Business Day following the delivery of the
Section 5.04 Financials under Section 5.04(a) (commencing with the fiscal year
ended December 31, 2016), the Parent Borrower shall prepay outstanding Term
Loans in accordance with Section 2.13(e) in an aggregate principal amount equal
to the excess, if any, of (i) the applicable ECF Percentage of Excess Cash Flow
for the fiscal year then ended over (ii) the sum of (1) the aggregate principal
amount of Term Loans and Revolving Loans (to the extent accompanied by a
permanent reduction of the Revolving Credit Commitments) prepaid pursuant to
Section 2.12 (in the case of Section 2.12(f), in an amount equal to the
discounted amount actually paid in cash in respect of the applicable Term Loans)
or 9.04(m) during such fiscal year or on or prior to the date such payment is
required to be made (without duplication) and (2) voluntary prepayments of
Indebtedness secured on a pari passu basis with the Obligations, in each case to
the extent such prepayments are not funded with the proceeds of long-term
Indebtedness (other than revolving Indebtedness).

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(d)In the event that the Parent Borrower or any of its Restricted Subsidiaries
shall receive Net Cash Proceeds from the issuance or incurrence of Indebtedness
(other than any cash proceeds from the issuance or incurrence of Indebtedness
permitted pursuant to Section 6.01 but including Credit Agreement Refinancing
Indebtedness and Replacement Term Loans), the Parent Borrower shall no later
than the third Business Day next following the receipt of such Net Cash
Proceeds, apply an amount equal to 100% of such Net Cash Proceeds to prepay
outstanding Term Loans in accordance with Section 2.13(e).
(e)Prior to the repayment in full of all Term Loans and all Obligations (other
than contingent obligations) relating thereto, all other prepayments required by
this Section 2.13 shall be applied pro rata to the repayment of the Term Loans
under each Term Loan Facility until paid in full (based on the Dollar Equivalent
amount of Term Loans under each Term Loan Facility on the date of prepayment and
applied against the remaining scheduled installments of principal due in respect
of the Term Loans in the direct order of maturity); provided that to the extent
an Event of Default then exists, such prepayment shall instead be applied in
accordance with Section 2.17(b); provided, that (x) any prepayment of Term Loans
with the Net Cash Proceeds of Credit Agreement Refinancing Indebtedness shall be
applied solely to each applicable Class of Refinanced Debt and (y) any
prepayment of Term Loans with the Net Cash Proceeds of Replacement Term Loans
shall be applied solely to each applicable Class of Refinanced Term Loans.
(f)Notwithstanding anything to the contrary contained in this Section 2.13 or
elsewhere in this Agreement including without limitation in Section 9.08, the
Parent Borrower shall have the option in its sole discretion to give the Lenders
with outstanding Term Loans the option to waive their pro rata share of a
mandatory prepayment of Term Loans which is to be made pursuant to Section
2.13(b) or (c) (each such repayment a “Waivable Mandatory Prepayment”) upon the
terms and provisions set forth in this Section 2.13(f). If the Parent Borrower
elects to exercise the option referred to in the immediately preceding sentence
the Parent Borrower shall give to the Administrative Agent written notice of its
intention to give the Lenders the right to waive a Waivable Mandatory Prepayment
including in such notice the aggregate amount of such proposed prepayment not
later than 12:30 p.m. five Business Days prior to the date of the proposed
prepayment which notice the Administrative Agent shall promptly forward to all
Term Loan Lenders indicating in such notice the amount of such prepayment to be
applied to each such Lender’s outstanding Term Loans. The Parent Borrower’s
offer to permit the Term Loan Lenders to waive any such Waivable Mandatory
Prepayment may apply to all or part of such prepayment, provided that any offer
to waive part of such prepayment must be made ratably to the Term Loan Lenders
(based on the Dollar Equivalent amount of Term Loans under each Term Loan
Facility on the date of prepayment). In the event that any such Term Loan Lender
desires to waive its pro rata share of such Lender’s right to receive any such
Waivable Mandatory Prepayment in whole or in part such Lender shall so advise
the Administrative Agent no later than 4:00 p.m. on the date which is two
Business Days after the date of such notice from the Administrative Agent and
the Administrative Agent shall promptly thereafter notify the Parent Borrower
thereof which notice shall also include the amount such Lender desires to
receive in respect of such prepayment. If any Term Loan Lender does not reply to
the Administrative Agent within such two Business Day period such Lender will be
deemed not to have waived any part of such prepayment. If any Term Loan Lender
does not specify an amount it wishes to receive such Lender will be deemed to
have accepted 100% of its share of such prepayment. In the event that any such
Lender waives all or part of its share of any such Waivable Mandatory Prepayment
the Parent Borrower shall retain 100% of the amount so waived by such Lender.
Notwithstanding anything to the contrary contained above if one or more Term
Loan Lenders waives its right to receive all or any part of any Waivable
Mandatory Prepayment but less than all the Lenders with outstanding Term Loans
waive in full their right to receive 100% of the total Waivable Mandatory
Prepayment otherwise required with respect to the Term Loans, then the amount
actually applied to the repayment of Term Loans of Lenders which have waived all
or any part of their right to receive 100% of such prepayment shall be applied
to each then outstanding

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Borrowing of Term Loans on a pro rata basis so that each Lender with outstanding
Term Loans shall after giving effect to the application of the respective
repayment maintain the same percentage as determined for such Lender but not the
same percentage that the other Term Loan Lenders hold and not the same
percentage held by such Lender prior to prepayment of each Borrowing of Term
Loans which remains outstanding after giving effect to such application.
Notwithstanding anything to the contrary Term Loan Lenders shall not have the
right to waive mandatory prepayments under this Section 2.13 except as set forth
in this Section 2.13(f).
(g)Notwithstanding any other provisions of this Section 2.13, mandatory
prepayments of Incremental Term Loans, Extended Term Loans, Credit Agreement
Refinancing Indebtedness and Replacement Term Loans shall be made pursuant to,
and to the extent set forth in, the documents governing such Indebtedness and
may share ratably in, or be junior to (but shall not be in priority to) the
mandatory prepayments of the Tranche A Term Loans and Tranche B Term Loans;
provided, however, that, for the avoidance of doubt, nothing in this Section
2.13(g) shall (x) prohibit the making of or the obligation to make any AHYDO
Payments applicable to any Incremental Term Loans, Extended Term Loans, Credit
Agreement Refinancing Indebtedness or Replacement Term Loans or (y) require the
Tranche A Term Loans or Tranche B Term Loans to share ratably in any such AHYDO
Payment.
(h)If the Administrative Agent notifies the Parent Borrower at any time that the
Aggregate Revolving Credit Exposure (less the amount of any Cash Collateral
provided in respect of outstanding Letters of Credit in accordance with the
terms of this Agreement) at such time exceeds an amount equal to (x) 103% of the
Revolving Credit Commitments (to the extent such excess is solely as a result of
currency fluctuations) or (y) the Total Revolving Credit Commitment (other than
as a result of currency fluctuations), then, within two Business Days after
receipt of such notice, the Borrowers shall prepay Loans, Cash Collateralize
Letters of Credit or a combination of the proceeding in an aggregate amount
sufficient to reduce such Aggregate Revolving Credit Exposure as of such date of
payment to an amount not to exceed 100% of the Revolving Credit Commitments.
SECTION 2.14.    Reserve Requirements; Change in Circumstances.
(a)Notwithstanding any other provision of this Agreement, if any Change in Law
shall (i) impose, modify or deem applicable any reserve, special deposit or
similar requirement against assets of, deposits with or for the account of or
credit extended by any Lender or any Issuing Bank (except any such reserve
requirement which is reflected in the Adjusted LIBO Rate), (ii) impose on such
Lender or such Issuing Bank or the London interbank market any other, cost,
expense or condition affecting this Agreement or Eurodollar Loans made by such
Lender or any Letter of Credit or participation therein or (iii) subject any
such Lender or such Issuing Bank to any Taxes (other than any Indemnified Taxes
or Other Taxes indemnifiable under Section 2.20 or any Excluded Taxes), and the
result of any of the foregoing shall be to increase the cost to such Lender or
such Issuing Bank of making or maintaining any Eurodollar Loan or increase the
cost to any Lender of issuing or maintaining any Letter of Credit or purchasing
or maintaining a participation therein or to reduce the amount of any sum
received or receivable by such Lender or such Issuing Bank hereunder (whether of
principal, interest or otherwise) by an amount deemed by such Lender or such
Issuing Bank to be material, then the relevant Borrower will pay to such Lender
or such Issuing Bank, as the case may be, upon demand such additional amount or
amounts as will compensate such Lender or such Issuing Bank, as the case may be,
for such additional costs incurred or reduction suffered.
(b)If any Lender or any Issuing Bank shall have determined that any Change in
Law regarding capital adequacy or liquidity requirements has or would have the
effect of reducing the rate of return on such Lender’s or such Issuing Bank’s
capital or on the capital of such Lender’s or such Issuing Bank’s holding
company, if any, as a consequence of this Agreement or the Loans made or
participations in

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Loans purchased by such Lender pursuant hereto or the Letters of Credit issued
by such Issuing Bank pursuant hereto 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) by an
amount deemed by such Lender or such Issuing Bank to be material, then the
relevant Borrower shall 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)A certificate of a Lender or an Issuing Bank setting forth the amount or
amounts necessary to compensate such Lender or such Issuing Bank or its holding
company, as applicable, as specified in paragraph (a) or (b) above shall be
delivered to the Parent Borrower, shall describe the applicable Change in Law,
the resulting costs incurred or reduction suffered (including a calculation
thereof), certifying that such Lender is generally charging such amounts to
similarly situated borrowers and shall be conclusive absent manifest error. The
relevant Borrower shall pay such Lender or such Issuing Bank, as applicable, the
amount shown as due on any such certificate delivered by it within 30 days after
its receipt of the same.
(d)Failure or delay on the part of any Lender or any Issuing Bank to demand
compensation for any increased costs or reduction in amounts received or
receivable or reduction in return on capital shall not constitute a waiver of
such Lender’s or such Issuing Bank’s right to demand such compensation; provided
that the relevant Borrower shall not be under any obligation to compensate any
Lender or any Issuing Bank under paragraph (a) or (b) above or Section 2.20
below with respect to increased costs, Taxes or reductions with respect to any
period prior to the date that is 180 days prior to such request; provided
further, that the foregoing limitation shall not apply to any increased costs or
reductions arising out of the retroactive application of any Change in Law
within such 180-day period. The protection of this Section 2.14 shall be
available to each Lender and the respective Issuing Bank regardless of any
possible contention of the invalidity or inapplicability of the Change in Law
that shall have occurred or been imposed; provided that if, after the payment of
any amounts by the Borrowers under this Section 2.14, any Change in Law in
respect of which a payment was made is thereafter determined to be invalid or
inapplicable to the relevant Lender or Issuing Bank, then such Lender or Issuing
Bank shall, within 30 days after such determination, repay any amounts paid to
it by the Borrowers hereunder in respect of such Change in Law.
SECTION 2.15.    Change in Legality.
(a)Notwithstanding any other provision of this Agreement, if any Change in Law
shall make it unlawful for any Lender to make or maintain any Eurodollar Loan or
BA Rate Loan or to give effect to its obligations as contemplated hereby with
respect to any Eurodollar Loan or BA Rate Loan, then, by written notice to the
Parent Borrower and to the Administrative Agent:
(i)such Lender may declare that dollar denominated Eurodollar Loans will not
thereafter (for the duration of such unlawfulness) be made by such Lender
hereunder (or be continued for additional Interest Periods) and ABR Loans will
not thereafter (for such duration) be converted into Eurodollar Loans, whereupon
any request for a Eurodollar Borrowing (or to convert an ABR Borrowing to a
Eurodollar Borrowing or to continue a Eurodollar Borrowing for an additional
Interest Period) shall, as to such Lender only, be deemed a request for an ABR
Loan (or a request to continue an ABR Loan as such for an additional Interest
Period or to convert a Eurodollar Loan into an ABR Loan, as the case may be),
unless such declaration shall be subsequently withdrawn; and

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(ii)such Lender may require that all outstanding Eurodollar Loans (other than
Tranche B Term Loans) made by such Lender shall be converted to ABR Loans, in
which event all such Eurodollar Loans shall be automatically converted to ABR
Loans as of the effective date of such notice as provided in paragraph (b)
below.
In the event any Lender shall exercise its rights under clause (i) or (ii)
above, all payments and prepayments of principal that would otherwise have been
applied to repay the Eurodollar Loans that would have been made by such Lender
or the converted Eurodollar Loans of such Lender shall instead be applied to
repay the ABR Loans made by such Lender in lieu of, or resulting from the
conversion of, such Eurodollar Loans.
(b)For purposes of this Section 2.15, a notice to the Parent Borrower by any
Lender shall be effective as to each Eurodollar Loan made by such Lender, if
lawful, on the last day of the Interest Period then applicable to such
Eurodollar Loan; in all other cases such notice shall be effective on the date
of receipt by the Parent Borrower. Such Lender shall withdraw such notice
promptly following any date on which it becomes lawful for such Lender to make
and maintain Eurodollar Loans or give effect to its obligations as contemplated
hereby with respect to any Eurodollar Loan.
SECTION 2.16.    Indemnity. The relevant Borrower shall indemnify each Lender
against any loss or expense that such Lender may sustain or incur as a
consequence of (a) any event, other than a default by such Lender in the
performance of its obligations hereunder, which results in (i) such Lender
receiving or being deemed to receive any amount on account of the principal of
any Eurodollar Loan or BA Rate Loan prior to the end of the Interest Period in
effect therefor, (ii) the conversion of any Eurodollar Loan to an ABR Loan, any
BA Rate Loan to a Canadian Base Rate Loan or the conversion of the Interest
Period with respect to any Eurodollar Loan or any BA Rate Loan, in each case
other than on the last day of the Interest Period in effect therefor, or
(iii) any Eurodollar Loan to be made by such Lender (including any Eurodollar
Loan or any BA Rate Loan to be made pursuant to a conversion or continuation
under Section 2.10) not being made after notice of such Loan shall have been
given by the relevant Borrower hereunder other than by operation of Section 2.08
(any of the events referred to in this clause (a) being called a “Breakage
Event”) or (b) any default in the making of any payment or prepayment required
to be made hereunder. In the case of any Breakage Event, such loss shall include
an amount equal to the excess, as reasonably determined by such Lender, of
(i) its cost of obtaining funds for the Eurodollar Loan or BA Rate Loan that is
the subject of such Breakage Event for the period from the date of such Breakage
Event to the last day of the Interest Period in effect (or that would have been
in effect) for such Loan over (ii) the amount of interest likely to be realized
by such Lender in redeploying the funds released or not utilized by reason of
such Breakage Event for such period (exclusive of any loss of anticipated
profits). A certificate of any Lender setting forth any amount or amounts which
such Lender is entitled to receive pursuant to this Section 2.16 shall be
delivered to the Parent Borrower and shall be conclusive absent manifest error;
provided that the relevant Borrower shall not be under any obligation to
compensate any Lender or any Issuing Bank under clauses (a) or (b) above with
respect to any amounts reflected in such certificate with respect to any period
prior to the date that is 180 days prior to the date such certificate is
delivered to the Parent Borrower.
SECTION 2.17.    Pro Rata Treatment.
(a)Except as otherwise provided herein, each Borrowing, each payment or
prepayment of principal of any Borrowing, each payment of interest on the Loans,
each payment of the Commitment Fee and the L/C Participation Fee, each reduction
of the Revolving Credit Commitments and each conversion of any Borrowing to or
continuation of any Borrowing as a Borrowing of any Type shall be allocated pro
rata among the Lenders in accordance with their respective applicable
Commitments of the applicable Class (or, if such Commitments shall have expired
or been terminated, in accordance with the respective

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principal amounts of their respective applicable outstanding Loans). For
purposes of determining the available Revolving Credit Commitments of the
Lenders in any Class at any time (but subject to the last sentence of Section
2.05(a)), each outstanding Swingline Loan in such Class shall be deemed to have
utilized the Revolving Credit Commitments of the Lenders (including those
Lenders which shall not have made Swingline Loans) pro rata in accordance with
such respective Revolving Credit Commitments. In addition, in computing such
Lender’s portion of any Borrowing to be made hereunder, the Administrative Agent
may, in its discretion, round each Lender’s percentage of such Borrowing to the
next higher or lower whole dollar amount.
(b)Notwithstanding anything to the contrary contained in this Agreement (but
subject to Section 9.21), any payment or other distribution (whether from
proceeds of Collateral or any other source, whether in the form of cash,
securities or otherwise) in connection with any exercise of remedies by the
Administrative Agent or any Lender made or applied in respect of any of the
Secured Obligations during the existence of an Event of Default or during or in
connection with Insolvency Proceedings involving any Loan Party (or any plan of
liquidation, distribution or reorganization in connection therewith), shall be
made or applied, as the case may be, in the following order of priority (with
higher priority Secured Obligations to be paid in full prior to any payment or
other distribution in respect of lower priority Secured Obligations): (i) first,
to payment of that portion of the Secured Obligations constituting fees,
indemnities, expenses and other amounts, including attorney fees, payable to the
Administrative Agent in its capacity as such and the Issuing Banks in their
capacity as such (ratably among the Administrative Agent and the Issuing Banks
in proportion to the respective amounts described in this clause first payable
to them); (ii) second, to payment of that portion of the Secured Obligations
constituting fees, indemnities and other amounts (other than principal and
interest) payable to the Lenders, including attorney fees (ratably among such
Lenders in proportion to the respective amounts described in this clause second
payable to them); (iii) third, to payment of that portion of the Secured
Obligations constituting accrued and unpaid interest (including any default
interest) on the Loans and L/C Exposure (less, without any duplication of
amounts of Cash Collateral in subclause (iv) below, the amount of any Cash
Collateral previously provided in respect of any interest payments with respect
to outstanding Letters of Credit in accordance with the terms of this Agreement)
(ratably among the Secured Parties in proportion to the respective amounts
described in this clause third payable to them), including interest accruing
after the filing or commencement of Insolvency Proceedings in respect of any
Loan Party, whether or not any claim for post-filing or post-petition interest
is or would be allowed, allowable or otherwise enforceable in any such
Insolvency Proceedings; (iv) fourth, to payment of that portion of the Secured
Obligations constituting unpaid principal of the Loans and L/C Exposure (less,
without any duplication of amounts of Cash Collateral in subclause (iii) above,
the amount of any Cash Collateral previously provided in respect of outstanding
Letters of Credit in accordance with the terms of this Agreement) (including any
termination payments and any accrued and unpaid interest thereon and payments to
the Administrative Agent for the account of the Issuing Banks to Cash
Collateralize any L/C Exposure then outstanding) and Secured Obligations
constituting Hedging Obligations and Cash Management Obligations (ratably among
such Secured Parties in proportion to the respective amounts described in this
clause fourth held by them); (v) fifth, to payment of all other Secured
Obligations (ratably among such Secured Parties in proportion to the respective
amounts described in this clause fifth held by them); and (vi) last, in the case
of proceeds of Collateral, the balance, if any, thereof, after all of the
Secured Obligations (including, without limitation, all Secured Obligations in
respect of LC Exposure but excluding any contingent obligations) have been paid
in full, to the Borrower or as otherwise required by applicable law. Excluded
Swap Obligations with respect to any Guarantor shall not be paid with amounts
received from such Guarantor or its assets, but appropriate adjustments shall be
made with respect to payments from other Loan Parties to preserve the allocation
to Secured Obligations otherwise set forth above in this Section 2.17.
SECTION 2.18.    Sharing of Setoffs. Each Lender agrees that if it shall,
through the exercise of a right of banker’s lien, setoff or counterclaim against
any Borrower or any other Loan Party, or pursuant

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to a secured claim under Section 506 of Title 11 of the United States Code or
other security or interest arising from, or in lieu of, such secured claim
received by such Lender under any applicable bankruptcy, insolvency or other
similar law or otherwise, or by any other means, obtain payment (voluntary or
involuntary) in respect of any Loan or L/C Disbursement as a result of which the
unpaid principal portion of its Loans and participations in L/C Disbursements
shall be proportionately less than the unpaid principal portion of the Loans and
participations in L/C Disbursements of any other Lender in the same Class, it
shall be deemed simultaneously to have purchased from such other Lender at face
value, and shall promptly pay to such other Lender the purchase price for, a
participation in the Loans and L/C Exposure of such other Lender, so that the
aggregate unpaid principal amount of the Loans and L/C Exposure and
participations in Loans and L/C Exposure held by each Lender shall be in the
same proportion to the aggregate unpaid principal amount of all Loans and L/C
Exposure then outstanding as the principal amount of its Loans and L/C Exposure
prior to such exercise of banker’s lien, setoff or counterclaim or other event
was to the principal amount of all Loans and L/C Exposure outstanding prior to
such exercise of banker’s lien, setoff or counterclaim or other event; provided,
however, that if any such purchase or purchases or adjustments shall be made
pursuant to this Section 2.18 and the payment giving rise thereto shall
thereafter be recovered, such purchase or purchases or adjustments shall be
rescinded to the extent of such recovery and the purchase price or prices or
adjustment restored without interest. For the avoidance of doubt, the provisions
of this Section 2.18 shall not be construed to apply to (A) any payment made by
the Borrowers or application of funds pursuant to and in accordance with the
express terms of this Agreement as in effect from time to time (including the
application of funds and reallocation of commitments arising from the existence
of a Defaulting Lender), (B) any payment obtained by a Lender as consideration
for the assignment of or sale of a participation in any of its Loans to any
assignee or participant permitted hereunder, (C) transactions in connection with
an open market purchase or a Dutch auction contemplated hereunder, (D)
transactions in connection with an Extension Offer, Refinancing Amendment or
Incremental Amendment or amendment in connection with Replacement Term Loans
contemplated hereunder, (E) the application of Cash Collateral as provided
herein (including the application of funds arising from the existence of a
Defaulting Lender) or (F) non-pro rata payments and Commitment terminations
permitted pursuant to Section 2.21. Notwithstanding anything to the contrary
contained in this Section 2.18 or elsewhere in this Agreement, the Borrowers may
extend the final maturity of Term Loans and/or Revolving Credit Commitments in
connection with an Extension that is permitted under Section 2.25 without being
obligated to effect such extensions on a pro rata basis among the Lenders (it
being understood that no such extension (i) shall constitute a payment or
prepayment of any Term Loans or Revolving Loans, as applicable, for purposes of
this Section 2.18 or (ii) shall reduce the amount of any scheduled amortization
payment due under Section 2.11, except that the amount of any scheduled
amortization payment due to a Lender of Extended Term Loans may be reduced to
the extent provided pursuant to the express terms of the respective Extension
Offer) without giving rise to any violation of this Section 2.18 or any other
provision of this Agreement. Furthermore, the Borrowers may take all actions
contemplated by Section 2.25 in connection with any Extension (including
modifying pricing, amortization and repayments or prepayments), and in each case
such actions shall be permitted, and the differing payments contemplated therein
shall be permitted without giving rise to any violation of this Section 2.18 or
any other provision of this Agreement. The Borrowers expressly consent to the
foregoing arrangements and agrees that any Lender holding a participation in a
Loan or L/C Disbursement deemed to have been so purchased may exercise any and
all rights of banker’s lien, setoff or counterclaim with respect to any and all
moneys owing by the Borrowers to such Lender by reason thereof as fully as if
such Lender had made a Loan directly to the Borrowers in the amount of such
participation.
SECTION 2.19.    Payments. The Borrowers shall make each payment (including
principal of or interest on any Borrowing or any L/C Disbursement or any Fees or
other amounts) hereunder and under any other Loan Document not later than
2:00 p.m. on the date when due in immediately available funds. Except as
otherwise provided herein, each payment by a Borrower with respect to any Loan
or Letter of Credit and each reimbursement of reimbursable expenses or
indemnified liabilities shall be made in the

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currency in which such Loan was made, such Letter of Credit issued or such
expense or liability was incurred. Each such payment (other than (i) Issuing
Bank Fees, which shall be paid directly to the relevant Issuing Bank and (ii)
principal of and interest on Swingline Loans, which shall be paid directly to
the Swingline Lender, except as otherwise provided in Section 2.22(e)) shall be
made to the Administrative Agent at its offices at Citibank, N.A., 1615 Brett
Road, Ops III, New Castle, DE 19720, Tel: 302-894-6010, Fax: 646-274-5080,
Email: Global.Loans.Support@Citi.com (the “Administrative Agent’s Office”). 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.
SECTION 2.20.    Taxes.
(a)All payments by or on account of any obligation of any Borrower or any other
Loan Party hereunder or under any other Loan Document shall be made free and
clear of and without deduction for any Taxes; provided, that if any Taxes are
required to be withheld or deducted in respect of any such payments by an
applicable withholding agent, then (i) if such Tax is an Indemnified Tax or
Other Tax, the sum payable by the applicable Borrower or other Loan Party shall
be increased as necessary so that after all required deductions or withholdings
have been made (including deductions or withholdings applicable to additional
sums payable under this Section 2.20) the applicable Lender or Issuing Bank, as
the case may be (or, in the case of a payment made to the Administrative Agent
for its own account, the Administrative Agent), receives an amount equal to the
sum it would have received had no such deductions or withholdings in respect of
Indemnified Taxes or Other Taxes been made, (ii) the applicable withholding
agent shall make such deductions or withholdings and (iii) the applicable
withholding agent shall pay the full amount deducted or withheld to the relevant
Governmental Authority in accordance with applicable law.
(b)The Borrowers shall pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.
(c)The Borrowers shall indemnify the Administrative Agent and each Lender,
within 30 days after written demand therefor, for the full amount of any
Indemnified Taxes payable by the Administrative Agent or such Lender, as the
case may be, on or with respect to any payment by or on account of any
obligation of the Borrowers or any other Loan Party hereunder or under any other
Loan Document and any Other Taxes (including Indemnified Taxes or Other Taxes
imposed or asserted on or attributable to amounts payable under this Section
2.20) and any reasonable expenses arising therefrom or with respect thereto, in
each case, whether or not such Indemnified Taxes or Other Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority; provided
that any Administrative Agent or Lender seeking indemnification pursuant to this
Section 2.20(c) provides the applicable Borrower with a copy of the applicable
documentation evidencing the Tax liability that is the subject of the
Indemnified Taxes or other evidence reasonably acceptable to such Borrower
(which, in each case, may be redacted to exclude any information a Lender
reasonably deems confidential); provided, further, that no Foreign Subsidiary
Borrower shall be required to provide any indemnification under this Section
2.20(c) in respect of any Domestic Obligations. A certificate as to the amount
of such payment or liability delivered to the Parent Borrower by a Lender, or by
the Administrative Agent on behalf of itself or a Lender, shall be conclusive
absent manifest error.
(d)As soon as practicable after any payment of Indemnified Taxes or Other Taxes
by the Borrowers or any other Loan Party to a Governmental Authority, the Parent
Borrower shall deliver to the Administrative Agent the original or a copy of a
receipt issued 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 Administrative Agent.

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(e)Each Lender shall, at such times as are reasonably requested by the Borrowers
or the Administrative Agent, provide the Borrowers and the Administrative Agent
with any documentation prescribed by law or reasonably requested by the
Borrowers or the Administrative Agent certifying as to any entitlement of such
Lender to an exemption from, or reduction in, withholding Tax with respect to
any payments to be made to such Lender under the Loan Documents. Each such
Lender shall, whenever a lapse in time or change in circumstances renders any
such documentation obsolete or inaccurate in any material respect, deliver
promptly and on or before the date such documentation expires, becomes obsolete
or inaccurate to the Borrowers and the Administrative Agent updated or other
appropriate documentation (including any new documentation reasonably requested
by the Borrowers or the Administrative Agent) or promptly notify the Borrowers
and the Administrative Agent in writing of its legal ineligibility to do so.
Unless the applicable withholding agent has received forms or other documents
satisfactory to it indicating that payments under any Loan Document to or for a
Lender are not subject to withholding Tax or are subject to such Tax at a rate
reduced by an applicable tax treaty, the applicable withholding agent shall
withhold amounts required to be withheld by applicable Law from such payments at
the applicable statutory rate. Notwithstanding any other provision of this
Section 2.20(e), a Lender shall not be required to deliver any documentation
pursuant to this Section 2.20(e) that such Lender is not legally eligible to
deliver. Without limiting the foregoing:
(i)Each Lender that is a United States person (as defined in Section 7701(a)(30)
of the Code) shall deliver to the Borrowers and the Administrative Agent on or
before the date on which it becomes a party to this Agreement two properly
completed and duly signed original copies of Internal Revenue Service Form W-9
certifying that such Lender is exempt from U.S. federal backup withholding.
(ii)Each Lender that is not a United States person (as defined in Section
7701(a)(30) of the Code) shall deliver to the Borrower and the Administrative
Agent on or before the date on which it becomes a party to this Agreement (and
from time to time thereafter upon the request of the Borrower or the
Administrative Agent) whichever of the following is applicable:
(I)two properly completed and duly signed original copies of Internal Revenue
Service Form W-8BEN or Form W-8BEN-E (or any successor forms) claiming
eligibility for the benefits of an income tax treaty to which the United States
is a party, and such other documentation as required under the Code,
(II)two properly completed and duly signed original copies of Internal Revenue
Service Form W-8ECI (or any successor forms),
(III)in the case of a Lender claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code, (A) a certificate
substantially in the form of Exhibit E hereto (any such certificate a “Non-Bank
Certificate”) certifying that such Foreign 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 or (C) a
“controlled foreign corporation” described in Section 881(c)(3)(C) of the Code,
and that no interest payments in connection with the Loan Documents are
effectively connected with such Lender’s conduct of a U.S. trade or business and
(B) two properly completed and duly signed original copies of Internal Revenue
Service Form W-8BEN or Form W-8BEN-E (or any successor forms), or
(IV)to the extent a Lender is not the beneficial owner (for example, where the
Lender is a partnership, or has sold a participation), Internal Revenue Service
Form W-8IMY (or any successor forms) of the Lender, accompanied by a FormW-8ECI,
Form W-

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8BEN, Form W-8BEN-E, a Non-Bank Certificate, Form W-9, Form W-8IMY or any other
required information from each beneficial owner, as applicable (provided that,
if the Lender is a partnership (and not a participating Lender) and one or more
beneficial owners are claiming the portfolio interest exemption, the Non-Bank
Certificate may be provided by such Lender on behalf of such beneficial
owner(s)).
(iii)If a payment made to a Lender or Agent under any Loan Document would be
subject to U.S. federal withholding Tax imposed under FATCA if such Lender or
Agent were to fail to comply with the applicable reporting requirements of
FATCA, such Lender or Agent shall deliver to the Borrowers and the
Administrative Agent at the time or times prescribed by laws and at such time or
times reasonably requested by the Borrowers or the Administrative Agent such
documentation prescribed by applicable laws and such additional documentation
reasonably requested by the Borrowers or the Administrative Agent as may be
necessary for the Borrowers and the Administrative Agent to comply with their
obligations under FATCA and to determine whether such Lender or Agent has or has
not complied with such Person’s obligations under FATCA and, if necessary, to
determine the amount to deduct and withhold from such payment. Solely for
purposes of this Section 2.20(e), “FATCA” shall include any amendments made to
FATCA after the date of this Agreement.
(iv)[reserved]
(v)Each Lender hereby authorizes the Administrative Agent to deliver to the Loan
Parties and to any successor Administrative Agent any documentation provided by
such Lender to the Administrative Agent pursuant to this Section 2.20(e).
(f)If the Administrative Agent or a Lender determines, in its sole discretion
exercised in good faith, that it has received a refund of any Indemnified Taxes
or Other Taxes as to which it has been indemnified by a Borrower or with respect
to which a Borrower has paid additional amounts pursuant to this Section 2.20,
it shall pay to the relevant Borrower an amount equal to such refund (but only
to the extent of indemnity payments made, or additional amounts paid, by such
Borrower under this Section 2.20 with respect to the Indemnified Taxes or Other
Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses
(including any Taxes) of the Administrative Agent or such Lender, as the case
may be, and without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund), provided that (i) the
relevant Borrower, upon the request of the Administrative Agent or such Lender,
agrees to repay the amount paid over to such Borrower (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the
Administrative Agent or such Lender in the event the Administrative Agent or
such Lender is required to repay such refund to such Governmental Authority and
(ii) nothing herein contained shall interfere with the right of a Lender or
Administrative Agent to arrange its Tax affairs in whatever manner it thinks fit
nor oblige any Lender or Agent to claim any Tax refund or to make available its
Tax returns or disclose any information relating to its Tax affairs or any
computations in respect thereof or require any Lender or Administrative Agent to
do anything that would prejudice its ability to benefit from any other refunds,
credits, reliefs, remissions or repayments to which it may be entitled.
(g)For the avoidance of doubt, the term “Lender” shall, for purposes of this
Section 2.20, include any Issuing Bank or Swingline Lender.
(h)If the Administrative Agent is a “United States person” within the meaning of
Section 7701(a)(30) of the Code, then such Administrative Agent shall, on or
prior to the date on which it becomes the Administrative Agent, provide the
Borrower with a properly completed and duly executed original of IRS Form W-9
confirming that the Administrative Agent is exempt from U.S. federal backup

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withholding. If the Administrative Agent is not a “United States person” within
the meaning of Section 7701(a)(30) of the Code, then the Administrative Agent
shall, on or prior to the date on which it becomes the Administrative Agent,
provide the Borrower with (i) with respect to payments made to the
Administrative Agent for its own account, a properly completed and duly executed
original IRS Form W-8ECI (or other applicable IRS Form W-8), and (ii) with
respect to payments made to the Administrative Agent on behalf of any Lender, a
properly completed and duly executed original IRS Form W-8IMY confirming that
the Administrative Agent agrees to be treated as a “United States person” for
U.S. federal withholding tax purposes; provided that an Administrative Agent
described in this sentence shall not be required to provide any documentation
that it is not legally eligible to provide as a result of a Change in Law after
the date hereof.
SECTION 2.21.    Assignment of Commitments Under Certain Circumstances; Duty to
Mitigate.
(a)In the event (i) any Lender or any Issuing Bank requests compensation
pursuant to Section 2.14, (ii) any Lender or any Issuing Bank delivers a notice
described in Section 2.15, (iii) any Borrower is required to pay any additional
amount to any Lender or the Issuing Bank or any Governmental Authority on
account of any Lender or any Issuing Bank pursuant to Section 2.20, (iv) any
Lender shall become a Defaulting Lender, (v) a Lender rejects (or is deemed to
reject) the Extension under Section 2.25(a) which Extension has been accepted
under Section 2.25(a) by the Required Class Lenders, (vi) a Lender declines to
participate in a Refinancing Amendment under Section 2.27, (vii) a Lender
declines to participate in an amendment with respect to Replacement Term Loans,
(viii) any Lender is a Restricted Revolving Credit Lender, or (ix) any Lender
refuses to consent to any other amendment, waiver or other modification of any
Loan Document requested by the Parent Borrower that requires the consent of all
affected Lenders in accordance with the terms of Section 9.08 or all the Lenders
with respect to a certain Class of Loans and such amendment, waiver or other
modification is consented to by the Required Lenders or the Required Class
Lenders for such Class, as applicable (any such Lender, a “Non-Consenting
Lender”), the Parent Borrower may, at its sole cost and expense, upon notice to
such Lender or such Issuing Bank, as the case may be, and upon the consent of
the Administrative Agent, which shall not be unreasonably withheld, either:
(x)    replace such Lender or Issuing Bank, as the case may be, by causing such
Lender or Issuing Bank to (and such Lender or Issuing Bank shall be obligated
to) assign at par 100%, plus any premium owing pursuant to Section 2.12(e), of
its relevant Commitments and the principal of its relevant outstanding Loans
plus any accrued and unpaid interest and fees pursuant to Section 9.04 (with the
assignment fee to be waived in such instance) all of its relevant rights and
obligations under this Agreement to one or more Persons (which Persons shall
otherwise be subject to the approval rights set forth in Section 9.04(b));
provided that (A) the replacement Lender shall agree to the consent, waiver or
amendment to which the Non-Consenting Lender did not agree, (B) neither the
Administrative Agent nor any Lender shall have any obligation to the Borrowers
to find a replacement Lender or other such Person and (C) 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 2.20, such assignment will
result in a reduction in such compensation or payments; or
(y)    terminate the Commitment of such Lender or Issuing Bank, as the case may
be, and (1) in the case of a Lender (other than an Issuing Bank), repay all
Obligations (other than contingent obligations) of each Borrower owing to such
Lender relating to the Loans and participations held by such Lender as of such
termination date and (2) in the case of an Issuing Bank, repay all Obligations
of each Borrower owing to such Issuing Bank relating to the Loans and
participations held by the Issuing Bank as of such termination date other than
any Obligations pertaining to any Subject Letters of Credit.

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Notwithstanding anything to the contrary contained above in this Section 2.21,
unless an Issuing Bank is removed and replaced with a successor Issuing Bank at
the time the Parent Borrower exercises its rights under this Section 2.21 (in
which case the provisions of Section 2.23(i) shall apply), any Issuing Bank
having undrawn Letters of Credit issued by it (the “Subject Letters of Credit”)
whose Commitments and Obligations are to be repaid or terminated pursuant to the
foregoing provisions of this Section 2.21 shall (x) remain a party hereto until
the expiration or termination of the Subject Letters of Credit, (y) not issue
(or be required to issue) any further Letters of Credit hereunder and (z)
continue to have all rights and obligations of an Issuing Bank under this
Agreement and the other Loan Documents solely with respect to the Subject
Letters of Credit until all of the Subject Letters of Credit have expired, been
terminated or become subject to an L/C Backstop (including all rights of
reimbursement pursuant to Sections 2.23(d), (e), (f) and (h) for any L/C
Disbursement made by such Issuing Bank and all voting rights of an Issuing Bank
(but such voting rights shall be limited to pertain solely to L/C Disbursements
in respect of the Subject Letters of Credit, any Fee payable to the Issuing Bank
in respect of the Subject Letters of Credit, and the rights or duties of the
Issuing Bank in respect of the Subject Letters of Credit), but excluding any
consent rights as an Issuing Bank under Section 9.04(b)).
Each Lender hereby grants to the Administrative Agent an irrevocable power of
attorney (which power is coupled with an interest) to execute and deliver, on
behalf of such Lender as assignor, any Assignment and Acceptance necessary to
effectuate any assignment of such Lender’s interests hereunder in respect of the
circumstances contemplated by this Section 2.21.
(b)If (i) any Lender or any Issuing Bank requests compensation under Section
2.14, (ii) any Lender or any Issuing Bank delivers a notice described in Section
2.15 or (iii) any Borrower is required to pay any Indemnified Taxes or
additional amounts to any Lender or any Issuing Bank or any Governmental
Authority for the account of any Lender or any Issuing Bank pursuant to Section
2.20, then such Lender or such Issuing Bank shall (at the request of the Parent
Borrower) 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 judgment
of such Lender or such Issuing Bank, such designation or assignment (i) would
eliminate or reduce amounts payable pursuant to Section 2.14 or 2.20, as the
case may be, in the future, or eliminate the need for the notice pursuant to
Section 2.15, as applicable, and (ii) would not subject such Lender or such
Issuing Bank to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender or such Issuing Bank. The Parent Borrower hereby
agrees to pay all reasonable costs and expenses incurred by any Lender and any
Issuing Bank in connection with any such designation or assignment.
(c)This Section 2.21 shall supersede any provisions in Sections 2.18 or 9.08 to
the contrary.
SECTION 2.22.    Swingline Loans.
(a)Subject to the terms and conditions herein set forth, the Swingline Lender
agrees to make loans to the Borrowers at any time and from time to time, on or
after the Closing Date and, subject to the last sentence of this Section
2.22(a), until the earlier of the applicable Revolving Credit Maturity Date and
the termination of the applicable Revolving Credit Commitments, in an aggregate
principal amount at any time outstanding that will not result in (i) the
principal amount of all Swingline Loans exceeding $25,000,000 in the aggregate
or (ii) the Aggregate Revolving Credit Exposure exceeding the Total Revolving
Credit Commitment then in effect; provided that notwithstanding the foregoing,
the Swingline Lender shall not be obligated to make any Swingline Loans at a
time when a Revolving Credit Lender is a Defaulting Lender, unless the Swingline
Lender has entered into arrangements reasonably satisfactory to it and the
Parent Borrower in accordance with (and after giving effect to any reallocation
under) Section 2.26 to eliminate the Swingline Lender’s risk with respect to the
Defaulting Lender’s participation in such Swingline Loans, including by Cash
Collateralizing such Defaulting Lender’s Pro Rata Percentage of the

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outstanding amount of Swingline Loans. Each Swingline Loan shall be denominated
in dollars and shall be in a principal amount that is a minimum amount of
$500,000 and integral multiple of $100,000 in excess thereof. The Swingline
Commitment may be terminated or reduced from time to time as provided herein.
Within the foregoing limits, the Borrowers may borrow, pay or prepay and
reborrow Swingline Loans hereunder, subject to the terms, conditions and
limitations set forth herein.
(b)The relevant Borrower shall notify the Swingline Lender by fax not later than
12:30 p.m. on the day of a proposed Swingline Loan. Such notice shall be
delivered on a Business Day, shall be irrevocable and shall refer to this
Agreement and shall specify the requested date (which shall be a Business Day)
and amount of such Swingline Loan. The Swingline Lender shall make each
Swingline Loan available to such requesting Borrower by means of a credit to an
account designated by the relevant Borrower promptly on the date such Swingline
Loan is so requested.
(c)Each Borrower shall have the right at any time and from time to time to
prepay any Swingline Loan, in whole or in part, upon giving written or fax
notice by such Borrower to the Swingline Lender before 12:30 p.m. on the date of
prepayment at the Swingline Lender’s address for notices specified in
Section 9.01; provided that any such notice delivered by a Borrower may state
that such notice is conditioned upon the effectiveness of other financing
arrangements, in which case such notice may be revoked by such Borrower (by
notice to the Administrative Agent on or prior to the specified effective date)
if such condition is not satisfied.
(d)Each Swingline Loan shall be an ABR Loan and, subject to the provisions of
Section 2.07, shall bear interest as provided in Section 2.06(a).
(e)The Swingline Lender may by written notice given to the Administrative Agent
not later than 11:00 a.m. on any Business Day require the Revolving Credit
Lenders to acquire 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 Revolving Credit Lenders will participate. The
Administrative Agent will, promptly upon receipt of such notice, give notice to
each Revolving Credit Lender, specifying in such notice such Lender’s Pro Rata
Percentage of such Swingline Loan. In furtherance of the foregoing, each
Revolving Credit Lender hereby absolutely and unconditionally agrees, upon
receipt of notice as provided above, to pay to the Administrative Agent, for the
account of the Swingline Lender, such Revolving Credit Lender’s Pro Rata
Percentage of such Swingline Loan. Each Revolving Credit Lender acknowledges and
agrees that, subject to the express provisions of Section 2.09(d), 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 an Event of Default, and that each such payment shall be made without any
offset, abatement, withholding or reduction whatsoever. Each Revolving Credit
Lender shall comply with its obligation under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.02(c)
with respect to Loans made by such Lender (and Section 2.02(c) 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 Revolving Credit Lenders. The Administrative Agent shall
notify the Parent Borrower 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 the relevant Borrower (or
other party on behalf of the Borrowers) 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 and be
distributed 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. The purchase of participations in a Swingline Loan
pursuant to this paragraph shall not relieve the

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relevant Borrower (or other party liable for obligations of the Borrowers) of
any default in the payment thereof.
(f)If the Revolving Credit Maturity Date shall have occurred in respect of any
Class of Revolving Credit Commitments at a time when another Class or Classes of
Revolving Credit Commitments is or are in effect with a longer Revolving Credit
Maturity Date, then on the earliest occurring Revolving Credit Maturity Date all
then outstanding Swingline Loans shall be repaid in full on such date (and there
shall be no adjustment to the participations in such Swingline Loans as a result
of the occurrence of such Revolving Credit Maturity Date); provided, however,
that if on the occurrence of such earliest Revolving Credit Maturity Date (after
giving effect to any repayments of Revolving Loans and any reallocation of
Letter of Credit participations as contemplated in Section 2.23(n)), there shall
exist sufficient unutilized Extended Revolving Credit Commitments so that the
respective outstanding Swingline Loans could be incurred pursuant to the
Extended Revolving Credit Commitments which will remain in effect after the
occurrence of such Revolving Credit Maturity Date (and to the extent the
applicable Extension provided for Swingline Loans under such Extended Revolving
Credit Commitments), then there shall be an automatic adjustment on such date of
the participations in such Swingline Loans and same shall be deemed to have been
incurred solely pursuant to the relevant Extended Revolving Credit Commitments
and such Swingline Loans shall not be so required to be repaid in full on such
earliest Revolving Credit Maturity Date.
SECTION 2.23.    Letters of Credit.
(a)Each Borrower may request the issuance of a Letter of Credit on a sight basis
for its own account or for the account of any of its subsidiaries, in a form
reasonably acceptable to the Administrative Agent and the relevant Issuing Bank,
at any time and from time to time, on or after the Closing Date and prior to the
earlier to occur of (i) the termination of the Revolving Credit Commitments and
(ii) the date that is 5 Business Days prior to the applicable Revolving Credit
Maturity Date. This Section 2.23 shall not be construed to impose an obligation
upon any Issuing Bank to issue any Letter of Credit that is inconsistent with
the terms and conditions of this Agreement. Letters of Credit may be denominated
in dollars or in one or more Alternative Currencies. On and as of the Closing
Date each Existing Letter of Credit shall be deemed to constitute a Letter of
Credit issued hereunder on the Closing Date.
(b)In order to request the issuance of a Letter of Credit (or to amend, renew or
extend an existing Letter of Credit), the relevant Borrower shall deliver a
notice (a “Letter of Credit Application”) to the relevant Issuing Bank and the
Administrative Agent (reasonably, and in any event, unless waived by the
relevant Issuing Bank, no later than 2 Business Days in advance of the requested
date of issuance, amendment, renewal or extension) requesting the issuance of a
Letter of Credit, or identifying the Letter of Credit to be amended, renewed or
extended and specifying (i) the date of issuance, amendment, renewal or
extension, (ii) the date on which such Letter of Credit is to expire (which
shall comply with paragraph (c) below), (iii) the amount of such Letter of
Credit, (iv) the currency in which such Letter of Credit is requested to be
denominated, (v) the name and address of the beneficiary thereof and (vi) such
other information as the relevant Issuing Bank may request with respect to such
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 relevant Borrower shall be deemed to represent and warrant
that, after giving effect to such issuance, amendment, renewal or extension
(i) the aggregate L/C Exposure shall not exceed the Letter of Credit Sublimit
and, other than with respect to the Existing Letters of Credit, unless otherwise
agreed by the applicable Issuing Bank in its sole discretion, the L/C Exposure
of the relevant Issuing Bank shall not (but may in the sole discretion of the
applicable Issuing Bank) exceed such Issuing Bank’s pro rata portion (based on
the Revolving Credit Commitments of such Issuing Bank) of the Letter of Credit
Sublimit, (ii) the Aggregate Revolving Credit Exposure shall not exceed the
Total Revolving Credit Commitment then in effect and (iii) the Revolving Credit
Exposure attributable to the

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Foreign Subsidiary Borrowers shall not exceed the Foreign Subsidiary Borrower
Sublimit. Promptly after receipt of any Letter of Credit Application, the
relevant Issuing Bank will confirm with the Administrative Agent (in writing)
that the Administrative Agent has received a copy of such Letter of Credit
Application from the relevant Borrower and, if not, such Issuing Bank will
provide the Administrative Agent with a copy thereof. Subject to the terms and
conditions hereof, such Issuing Bank shall, on the requested date, issue a
Letter of Credit for the account of the relevant Borrower or enter into the
applicable amendment, as the case may be. Promptly after receipt of any Letter
of Credit Application, the relevant Issuing Bank will confirm with the
Administrative Agent (in writing) that the Administrative Agent has received a
copy of such Letter of Credit Application from the relevant Borrower and, if
not, such Issuing Bank will provide the Administrative Agent with a copy
thereof. Subject to the terms and conditions hereof, such Issuing Bank shall, on
the requested date, issue a Letter of Credit for the account of the relevant
Borrower or enter into the applicable amendment, as the case may be. Promptly
after its delivery of any Letter of Credit or any amendment to a Letter of
Credit to an advising bank with respect thereto or to the beneficiary thereof,
the relevant Issuing Bank will also deliver to the relevant Borrower and the
Administrative Agent a true and complete copy of such Letter of Credit or
amendment.
(c)Each Letter of Credit shall expire at the close of business on the earlier of
the date 1 year after the date of the issuance of such Letter of Credit and the
date that is 5 days prior to the applicable Revolving Credit Maturity Date,
unless such Letter of Credit expires by its terms on an earlier date or an L/C
Backstop exists (the “Letter of Credit Expiration Date”); provided, however,
that a Letter of Credit may, upon the request of the relevant Borrower, include
a provision whereby such Letter of Credit (an “Auto-Renewal Letter of Credit”)
shall be renewed automatically for additional consecutive periods of 12 months
or less (but not beyond the date that is 5 days prior to the applicable
Revolving Credit Maturity Date unless an L/C Backstop exists) unless the
relevant Issuing Bank notifies the beneficiary thereof at least 30 days (or such
longer period as may be specified in such Letter of Credit) prior to the
then-applicable Letter of Credit Expiration Date that such Letter of Credit will
not be renewed. Once an Auto-Renewal Letter of Credit has been issued, the
Revolving Credit Lenders shall be deemed to have authorized (but may not
require) the relevant Issuing Bank to permit the renewal of such Letter of
Credit at any time to an expiry date not later than the Letter of Credit
Expiration Date; provided that the relevant Issuing Bank shall not permit any
such renewal if (i) the relevant Issuing Bank has determined that it would have
no obligation at such time to issue such Letter of Credit in its renewed form
under the terms hereof (by reason of the provisions of Section 2.23(l) or
otherwise) or (ii) it has received notice (in writing) 5 Business Days prior to
the day that is 30 days (or such longer period as may be specified in such
Letter of Credit) prior to the then-applicable Letter of Credit Expiration Date
from the Administrative Agent, any Revolving Credit Lender or the relevant
Borrower that one or more of the applicable conditions specified in Section 4.01
is not then satisfied.
(d)By the issuance of a Letter of Credit and without any further action on the
part of an Issuing Bank or the Lenders, such Issuing Bank hereby grants to each
Revolving Credit Lender, and each such Lender hereby acquires from such Issuing
Bank, a participation in such Letter of Credit equal to such Lender’s Pro Rata
Percentage of the aggregate amount available to be drawn under such Letter of
Credit, effective upon the issuance of such Letter of Credit. In consideration
and in furtherance of the foregoing, each Revolving Credit Lender hereby
absolutely and unconditionally agrees to pay to the Administrative Agent, for
the account of such Issuing Bank, such Lender’s Pro Rata Percentage of each L/C
Disbursement made by such Issuing Bank and not reimbursed by the relevant
Borrower (or, if applicable, another party pursuant to its obligations under any
other Loan Document) forthwith on the date due as provided in Section 2.02(f).
Each Revolving Credit Lender acknowledges and agrees that, subject to the
express provisions of Section 2.09(d), 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 the occurrence and continuance of a Default or an Event of Default,
and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever. Upon

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any change in the Revolving Credit Commitments or Pro Rata Percentages of the
Revolving Credit Lenders pursuant to Section 2.21 or 9.04(b), it is hereby
agreed that, with respect to all outstanding Letters of Credit and unreimbursed
L/C Disbursements relating thereto, there shall be an automatic adjustment to
the participations pursuant to this Section 2.23(d) to reflect the new Pro Rata
Percentages of each Revolving Credit Lender. For the avoidance of doubt, the
Issuing Banks shall not be obligated to make L/C Disbursements, and Revolving
Credit Lenders shall not be obligated to participate in Letters of Credit if, as
of the date of the applicable L/C Disbursement, the Letter of Credit giving rise
to such L/C Disbursement has a stated expiry date after the Revolving Credit
Maturity Date with respect to any Revolving Credit Commitments then in effect
and the aggregate stated amount of all Letters of Credit having stated expiry
dates after such Revolving Credit Maturity Date would exceed the aggregate
amount of Revolving Credit Commitments which will remain in effect after such
Revolving Credit Maturity Date. Each Revolving Credit Lender’s risk
participation in each outstanding Letter of Credit shall be automatically
adjusted on each Revolving Credit Maturity Date for any Revolving Credit
Commitments as, and to the extent, provided in Section 2.09(d).
(e)If an Issuing Bank shall make any L/C Disbursement in respect of a Letter of
Credit, the relevant Borrower shall pay to the Administrative Agent an amount
equal to such L/C Disbursement not later than 12:00 noon on the immediately
following Business Day. In the case of a Letter of Credit denominated in an
Alternative Currency, the relevant Borrower shall reimburse the relevant Issuing
Bank in the currency in which such L/C Disbursement shall have been made.
(f)(i) Each Borrower’s obligations to reimburse L/C Disbursements as provided in
paragraph (e) above shall be 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 the existence of any
claim, setoff, defense or other right that the Borrowers or any other Person may
at any time have against the beneficiary under any Letter of Credit, any Issuing
Bank, the Administrative Agent or any Lender or any other Person, including any
defense based on the failure of any draft or other document presented under a
Letter of Credit to comply with the terms of such Letter of Credit; provided
that the Borrowers shall not be obligated to reimburse any Issuing Bank for any
wrongful payment made by such Issuing Bank as a result of such Issuing Bank’s
gross negligence, bad faith, willful misconduct or material breach of its
obligations (as determined in a final and non-appealable judgment by a court of
competent jurisdiction) in determining whether drafts and other documents
presented under a Letter of Credit comply with the terms thereof.
(ii)    Each Lender and each Borrower agree that, in paying any drawing under a
Letter of Credit, the relevant Issuing Bank shall not have any responsibility to
obtain any document (other than any draft, demand, certificate or other document
expressly required by the Letter of Credit) or to ascertain or inquire as to the
validity or accuracy of any such document or the authority of the Person
executing or delivering any such document. None of the Issuing Banks, any
Agent-Related Person nor any of the respective correspondents, participants or
assignees of any Issuing Bank shall be liable to any Lender for (x) any action
taken or omitted in connection herewith at the request or with the approval of
the Lenders or the Required Lenders, as applicable, (y) any action taken or
omitted in the absence of gross negligence or willful misconduct (as determined
in a final and non-appealable judgment by a court of competent jurisdiction) or
(z) the due execution, effectiveness, validity or enforceability of any document
or instrument related to any Letter of Credit or Letter of Credit Application.
Each Borrower hereby assumes all risks of the acts or omissions of any
beneficiary or transferee with respect to its use of any Letter of Credit;
provided that this assumption is not intended to, and shall not, preclude any
Borrower from pursuing such rights and remedies as it may have against the
beneficiary or transferee at law or under any other agreement.

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(g)The relevant Issuing Bank shall, promptly following its receipt thereof,
examine all documents purporting to represent a demand for payment under a
Letter of Credit. The relevant Issuing Bank shall as promptly as possible give
fax notification to the Administrative Agent and the relevant Borrower of such
demand for payment and whether such Issuing Bank has made or will make an L/C
Disbursement thereunder; provided that any failure to give or delay in giving
such notice shall not relieve the relevant Borrower of its obligations to
reimburse such Issuing Bank and the Revolving Credit Lenders with respect to any
such L/C Disbursement.
(h)If an Issuing Bank shall make any L/C Disbursement in respect of a Letter of
Credit, then, unless the relevant Borrower shall reimburse such L/C Disbursement
in full on the same day that such LC Disbursement is made, the unpaid amount
thereof shall bear interest for the account of an Issuing Bank, for each day
from and including the date of such L/C Disbursement, to but excluding the
earlier of the date of payment by the relevant Borrower or the date on which
interest shall commence to accrue thereon as provided in Section 2.02(f), at the
rate per annum then in effect that would apply to such amount if such amount
were an ABR Revolving Loan.
(i)An Issuing Bank may be removed at any time by the Borrowers by notice from
the Parent Borrower to such Issuing Bank, the Administrative Agent and the
Lenders. Upon the acceptance of any appointment as an Issuing Bank hereunder by
a Lender that shall agree to serve as successor Issuing Bank (which Lender shall
be reasonably acceptable to the Administrative Agent), such successor shall
succeed to and become vested with all the interests, rights and obligations of
the retiring Issuing Bank. At the time such removal shall become effective, the
Borrowers shall pay all accrued and unpaid fees pursuant to Section 2.05(c)(ii).
The acceptance of any appointment as an Issuing Bank hereunder by a successor
Lender shall be evidenced by an agreement entered into by such successor, in a
form reasonably satisfactory to the Parent Borrower and the Administrative
Agent, and, from and after the effective date of such agreement, (i) such
successor Lender shall have all the rights and obligations of the previous
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 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 resignation or removal of an Issuing Bank hereunder, the
retiring Issuing Bank shall remain a party hereto and shall continue to have all
the rights and obligations of an Issuing Bank under this Agreement and the other
Loan Documents with respect to Letters of Credit issued by it prior to such
removal, but shall not be required to issue additional Letters of Credit.
(j)If the maturity of any of the Loans under the Credit Facilities has been
accelerated and the Borrowers shall have received notice from the Administrative
Agent or the Required Revolving Lenders, the Borrowers shall deposit in an
account with the Collateral Agent, for the benefit of the Revolving Credit
Lenders, an amount in cash equal to the L/C Exposure (less the amount of any
Cash Collateral previously provided in respect of outstanding Letters of Credit
in accordance with the terms of this Agreement) as of such date. Such deposit
shall be held by the Collateral Agent as collateral for the payment and
performance of the Obligations. The Collateral 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 in
Cash Equivalents, which investments shall be made at the option and sole
discretion of the Collateral Agent, such deposits shall not bear interest.
Interest or profits, if any, on such investments shall accumulate in such
account. Moneys in such account shall (i) automatically be applied by the
Administrative Agent to reimburse each Issuing Bank for L/C Disbursements for
which it has not been reimbursed, (ii) be held for the satisfaction of the
reimbursement obligations of the Borrowers for the L/C Exposure (less the amount
of any Cash Collateral previously provided in respect of outstanding Letters of
Credit in accordance with the terms of this Agreement) at such time and
(iii) subject to the consent of the Required Revolving Lenders, be applied to
satisfy the Obligations. If the Borrowers are required to provide an amount of
Cash Collateral hereunder as a result of the acceleration of the Loans un-

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der the Credit Facilities, such amount (to the extent not applied as aforesaid)
shall be returned to the Borrowers within 3 Business Days to the extent any such
acceleration has been rescinded.
(k)The Parent Borrower may, at any time and from time to time with the consent
of the Administrative Agent (which consent shall not be unreasonably withheld or
delayed) and such Lender, designate one or more additional Lenders to act as an
issuing bank under the terms of this Agreement. Any Lender designated as an
issuing bank pursuant to this paragraph (k) shall be deemed to be an “Issuing
Bank” (in addition to being a Lender) in respect of Letters of Credit issued or
to be issued by such Lender, and, with respect to such Letters of Credit, such
term shall thereafter apply to the other Issuing Bank and such Lender.
(l)An Issuing Bank shall be under no obligation to issue any Letter of Credit
if:
(i)any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain such Issuing Bank from issuing
such Letter of Credit, or any law applicable to such Issuing Bank or any
directive (whether or not having the force of law) from any Governmental
Authority with jurisdiction over such Issuing Bank shall prohibit, or direct
that such Issuing Bank refrain from, the issuance of letters of credit generally
or such Letter of Credit in particular;
(ii)the issuance of such Letter of Credit would violate any applicable laws
binding upon such Issuing Bank; and
(iii)any Revolving Credit Lender is a Defaulting Lender at such time, unless
such Issuing Bank has entered into arrangements reasonably satisfactory to it
and the Parent Borrower in accordance with (and after giving effect to any
reallocation under) Section 2.26 to eliminate such Issuing Bank’s risk with
respect to the participation in Letters of Credit by such Defaulting Lender,
including by Cash Collateralizing such Defaulting Lender’s Pro Rata Percentage
of the L/C Exposure.
(m)Notwithstanding anything else to the contrary in this Agreement, in the event
of any conflict or inconsistency between the terms hereof and the terms of any
Letter of Credit Applications, reimbursement agreements or similar agreements,
the terms hereof shall control.
(n)If the Revolving Credit Maturity Date in respect of any Class of Revolving
Credit Commitments occurs prior to the expiration of any Letter of Credit, then
(i) if one or more other Class of Revolving Credit Commitments in respect of
which the Revolving Credit Maturity Date shall not have occurred are then in
effect (and such other Class of Revolving Credit Commitments provides for the
issuance of Letters of Credit by the same Issuing Bank), such Letters of Credit
shall automatically be deemed to have been issued under (and ratably
participated in by Lenders pursuant to) the Revolving Credit Commitments in
respect of such non-terminating Classes up to an aggregate amount not to exceed
the aggregate principal amount of the unutilized Revolving Credit Commitments
thereunder at such time (it being understood that no partial face amount of any
Letter of Credit may be so reallocated) and (ii) to the extent not reallocated
pursuant to immediately preceding clause (i), the Borrower shall Cash
Collateralize such L/C Exposure (less the amount of any Cash Collateral
previously provided in respect of outstanding Letters of Credit in accordance
with the terms of this Agreement). Except to the extent of reallocations of
participations pursuant to clause (i) of the immediately preceding sentence, the
occurrence of a Revolving Credit Maturity Date with respect to a given Class of
Revolving Credit Commitments shall have no effect upon (and shall not diminish)
the percentage participations of the Revolving Credit Lenders in any Letter of
Credit issued before such Revolving Credit Maturity Date.

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(o)Notwithstanding anything else to the contrary in this Agreement or any Letter
of Credit Application, in the event of any conflict between the terms hereof and
the terms of any Letter of Credit Application, the terms hereof shall control.
SECTION 2.24    Incremental Credit Extensions.
(a)The Parent Borrower may at any time or from time to time after the Closing
Date, by notice to the Administrative Agent (whereupon the Administrative Agent
shall promptly deliver a copy to each of the Lenders), request (i) one or more
additional Classes of term loans in the form of term A loans as reasonably
determined by the Parent Borrower (“Tranche A Incremental Term Loans”) or other
term loans (“Tranche B Incremental Term Loans”) or increases to existing Classes
of Term Loans (a “Term Loan Increase” and collectively, with the Tranche A
Incremental Term Loans and Tranche B Incremental Term Loans, the “Incremental
Term Loans”) or (ii) one or more increases in the amount of the Revolving Credit
Commitments (each such increase, a “Revolving Commitment Increase”) or one or
more additional Classes of revolving credit commitments under this Agreement
(any such new commitment, collectively with any Revolving Commitment Increase,
the “Incremental Revolving Credit Commitments”, and any Incremental Revolving
Credit Commitments or any Incremental Term Loans, a “Credit Increase”); provided
upon the effectiveness of any Incremental Amendment referred to below, no Event
of Default shall exist (or, in the case of any Credit Increase incurred to
finance a Limited Condition Acquisition, no Event of Default (as determined in
accordance with Section 1.11(d)) shall exist on the LCA Test Date and no
Specified Default shall exist on the date that such Credit Increase becomes
effective). Each Credit Increase shall be in an aggregate principal amount that
is not less than $25,000,000 (or such lower amount that either (A) represents
all remaining availability under the limit set forth in the next sentence or
(B) is acceptable to the Administrative Agent). Notwithstanding anything to the
contrary herein, the aggregate amount of the Credit Increases plus the aggregate
principal amount of Incremental Equivalent Debt incurred shall not exceed the
sum of (x) $450,000,000 plus (y) the maximum amount at the time of such proposed
Credit Increase (or incurrence of Incremental Equivalent Debt) that could be
incurred such that after giving pro forma effect to such Credit Increase (or
incurrence of Incremental Equivalent Debt) (assuming that all Incremental
Revolving Credit Commitments are fully drawn and excluding the cash proceeds of
any such Credit Increase for purposes of netting; provided, that to the extent
the proceeds thereof are used to repay Indebtedness, pro forma effect shall be
given to such repayment of Indebtedness), the First Lien Net Leverage Ratio does
not exceed 3.30 to 1.00 as of the last date for which Section 5.04 Financials
have been delivered to the Administrative Agent (it being understood that Credit
Increases may be incurred under both clauses (x) and (y), and proceeds from any
such incurrence under both clauses (x) and (y) may be utilized in a single
transaction by first calculating the incurrence under clause (y) above and then
calculating the incurrence under clause (x) and, for the avoidance of doubt, any
such incurrence under clause (x) shall not be given pro forma effect for
purposes of determining the First Lien Net Leverage Ratio for purposes of
effectuating the incurrence under clause (y) in such single transaction) plus
(z) the aggregate principal amount of Term Loans and Revolving Loans (to the
extent accompanied by a permanent reduction of the Revolving Credit Commitments)
prepaid pursuant to Section 2.12 (which reduction, in the case of prepayments
pursuant to Section 2.12(f), shall be limited to the cash amount paid) and the
aggregate amount of Incremental Equivalent Debt voluntarily repaid (to the
extent, in the case of any revolving Incremental Equivalent Debt, accompanied by
a permanent reduction of the applicable revolving commitments), in each case in
this clause (z), other than prepayments of Credit Increases or Incremental
Equivalent Debt incurred under (y) of the Incremental Cap (such amount, the
“Incremental Cap”). Each Incremental Term Loan (1) shall rank pari passu in
right of payment and of security with the Revolving Loans and the then-existing
Term Loans, (2) shall not mature earlier than the then latest Term Loan Maturity
Date applicable to the Tranche A Term Loans in the case of Tranche A Incremental
Term Loans or applicable to the Tranche B Term Loans in the case of Tranche B
Incremental Term Loans, (3) shall have a Weighted Average Life to Maturity not
shorter than the remaining Weighted Average Life to Maturity of the
then-existing Tranche A Term Loans in the case of Tranche A Incremental Term

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Loans or the then-existing Tranche B Term Loans in the case of Tranche B
Incremental Term Loans and (4) shall be treated in the same manner as the Term
Loans for purposes of Section 2.13(e) and Section 2.17(b). Each Incremental
Revolving Credit Commitment (1) shall rank pari passu in right of payment and of
security with the Revolving Loans and the then-existing Term Loans, (2) shall
not mature earlier than the then latest Revolving Credit Maturity Date,
(3) shall have a Weighted Average Life to Maturity not shorter than the
remaining Weighted Average Life to Maturity of the then-existing Revolving
Credit Commitments and (4) shall be treated in the same manner as the Revolving
Credit Commitments for purposes of Section 2.17(b). Each notice from the Parent
Borrower pursuant to this Section 2.24 shall set forth the requested amount and
proposed terms of the relevant Credit Increases. Incremental Term Loans may be
made, and Incremental Revolving Credit Commitments may be provided, by any
existing Lender or by any other bank or other financial institution (any such
other bank or other financial institution being called an “Additional Lender”);
provided that the relevant Persons under Section 9.04(b) shall have consented
(in each case, not to be unreasonably withheld or delayed) to such Lender’s or
Additional Lender’s making such Incremental Term Loans or providing such
Incremental Revolving Credit Commitments, if such consent would be required
under Section 9.04(b) for an assignment of Loans or Revolving Credit
Commitments, as applicable, to such Lender or Additional Lender. The Arrangers
agree, upon the request of the Parent Borrower and pursuant to mutually
satisfactory engagement and compensation arrangements, to use their commercially
reasonable efforts to obtain any Additional Lenders to make any such requested
Incremental Term Loans or Incremental Revolving Credit Commitments; provided
that the Arrangers’ agreement to use such efforts does not constitute a
commitment to provide any such requested Incremental Term Loans or Incremental
Revolving Credit Commitments. With respect to Incremental Term Loans, any
Affiliated Lender providing an Incremental Term Loan shall be subject to the
same restrictions set forth in Section 9.04(l) as they would otherwise be
subject to with respect to any purchase by or assignment to such Affiliated
Lender of Term Loans.
(b)Commitments in respect of Credit Increases shall become Commitments (or in
the case of a Revolving Commitment Increase to be provided by an existing
Revolving Credit Lender, an increase in such Lender’s applicable Revolving
Credit Commitment) under this Agreement pursuant to an amendment (an
“Incremental Amendment”) to this Agreement and, as appropriate, the other Loan
Documents, executed by each Borrower, each Lender agreeing to provide such
Commitment, if any, each Additional Lender, if any, and the Administrative
Agent. The Incremental Amendment may, without the consent of any other Lenders,
effect such amendments to this Agreement and the other Loan Documents as may be
necessary or appropriate, in the reasonable opinion of the Administrative Agent
and the Parent Borrower, to effect the provisions of this Section 2.24. The
effectiveness of any Incremental Amendment shall be subject to the satisfaction
on the date thereof (each, an “Incremental Facility Closing Date”) of each of
the conditions set forth in the Incremental Amendment; provided, that no Event
of Default shall exist after giving effect to such Incremental Amendment (or, in
the case of Credit Increases incurred to finance a Limited Condition
Acquisition, no Event of Default (as determined in accordance with Section
1.11(d)) shall exist on the LCA Test Date and no Specified Default shall exist
on the date that such Credit Increase becomes effective). The Parent Borrower
may use the proceeds of Incremental Term Loans for any purpose not prohibited by
this Agreement. No Lender shall be obligated to provide any Credit Increases
unless it so agrees in its sole discretion. Upon each Revolving Commitment
Increase pursuant to this Section 2.24, (a) each Revolving Credit Lender
immediately prior to such increase will automatically and without further act be
deemed to have assigned to each Lender providing a portion of the Revolving
Commitment Increase (each a “Revolving Commitment Increase Lender”) in respect
of such increase, and each such Revolving Commitment Increase Lender will
automatically and without further act be deemed to have assumed, a portion of
such Revolving Credit Lender’s participations hereunder in outstanding Letters
of Credit and Swingline Loans such that, after giving effect to each such deemed
assignment and assumption of participations, the percentage of the aggregate
outstanding (i) participations hereunder in Letters of Credit and
(ii) participations hereunder in Swingline Loans held by each Revolving Credit
Lender (including each such Revolving Commitment Increase Lender) will equal the
percentage of the

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aggregate Revolving Credit Commitments of all Revolving Credit Lenders
represented by such Revolving Credit Lender’s Revolving Credit Commitment and
(b) if, on the date of such increase, there are any Revolving Loans outstanding,
such Revolving Loans shall on or prior to the effectiveness of such Revolving
Commitment Increase be prepaid from the proceeds of additional Revolving Loans
made hereunder (reflecting such increase in Revolving Credit Commitments), which
prepayment shall be accompanied by accrued interest on the Revolving Loans being
prepaid and any costs incurred by any Lender in accordance with Section 2.16.
(c)The Loans and Commitments established pursuant to this paragraph shall
constitute Loans and Commitments under, and shall be entitled to all the
benefits afforded by, this Agreement and the other Loan Documents, and shall,
without limiting the foregoing, benefit equally and ratably from the Guarantees
and security interests created by the Security Documents and, for the avoidance
of doubt, shall not be secured by assets other than the Collateral (except to
the extent permitted by the applicable intercreditor agreement) or guaranteed by
any subsidiary of Holdings that is not a Loan Party. The Loan Parties shall take
any actions reasonably required by the Administrative Agent to ensure and/or
demonstrate that the Lien and security interests granted by the Security
Documents continue to be perfected under the UCC or otherwise after giving
effect to the establishment of any such Class of Term Loans or any such new
Commitments.
(d)In the event that the All-In Yield for any Tranche A Incremental Term Loans
or Tranche B Incremental Term Loans is higher than the All-In Yield for the
initial Tranche A Term Loans or the initial Tranche B Term Loans, as applicable,
by more than 50 basis points, then the Applicable Percentage for the initial
Tranche A Term Loans or the initial Tranche B Term Loans, as applicable, shall
be increased to the extent necessary so that the All-In Yield for the initial
Tranche A Term Loans or the initial Tranche B Term Loans, as applicable, is
equal to the All-In Yield for such Tranche A Incremental Term Loans or Tranche B
Incremental Term Loans, as applicable, minus 50 basis points (the “MFN
Adjustment”).
(e)The terms, provisions and documentation of each Credit Increase, except as
otherwise set forth herein, shall be as agreed between the Parent Borrower and
the applicable Lenders providing such Credit Increase; provided that to the
extent the terms of such Credit Increase are not consistent with the Revolving
Credit Facility or the applicable Term Loan Facility, as the case may be (except
to the extent permitted by this Section 2.24), the terms of such Credit Increase
shall be not materially more favorable, taken as a whole (as reasonably
determined by the Parent Borrower in good faith), to such Lenders than the terms
of the Revolving Credit Facility or the applicable Term Loan Facility, as the
case may be, unless the existing Lenders under such Credit Facility receive the
benefit of such favorable terms, or such terms are reasonably satisfactory to
the Administrative Agent (provided that terms and conditions applicable after
the latest Revolving Credit Maturity Date or Term Loan Maturity Date applicable
to such Credit Facility shall be deemed to be acceptable to the Administrative
Agent).
(f)This Section 2.24 shall supersede any provisions in Section 2.18 or 9.08 to
the contrary.
SECTION 2.25    Extensions of Term Loans and Revolving Credit Commitments.
(a)Notwithstanding anything to the contrary in this Agreement, pursuant to one
or more offers (each, an “Extension Offer”) made from time to time by the Parent
Borrower to all Lenders (which Extension Offer, for the avoidance of doubt,
shall be delivered by the Parent Borrower to the Administrative Agent, who shall
provide a copy of such notice to each of the Lenders under the applicable Term
Loans and/or Revolving Credit Commitments subject to the Extension Offer) of all
or any portion its Term Loans of any Class with a like Term Loan Maturity Date
or Revolving Credit Commitments of any Class with a like Revolving Credit
Maturity Date, in each case on a pro rata basis (based on the ag-

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gregate outstanding principal amount of the respective Term Loans of such Class
with the same Term Loan Maturity Date or Revolving Credit Commitments of such
Class with the same Revolving Credit Maturity Date, as the case may be) and on
the same terms to each such Lender, the Parent Borrower may from time to time
extend the maturity date of any Term Loans of any Class and/or Revolving Credit
Commitments of any Class and otherwise modify the terms of such Term Loans
and/or Revolving Credit Commitments pursuant to the terms of the relevant
Extension Offer consistent with this Section 2.25 (including, without
limitation, by increasing the interest rate or fees payable in respect of such
Term Loans and/or Revolving Credit Commitments (and related outstandings) and/or
modifying the amortization schedule in respect of such Lender’s Term Loans)
(each, an “Extension”, and each group of Term Loans or Revolving Credit
Commitments, as applicable, in each case as so extended, as well as the original
Term Loans and the original Revolving Credit Commitments (in each case not so
extended), being a “Class”; any Extended Term Loans shall constitute a separate
Class of Term Loans from the Class of Term Loans from which they were converted,
and any Extended Revolving Credit Commitments shall constitute a separate Class
of Revolving Credit Commitments from the Class of Revolving Credit Commitments
from which they were converted), so long as the following terms are satisfied:
(i) no Event of Default shall have occurred and be continuing at the time the
offering document in respect of an Extension Offer is delivered to the Lenders,
(ii) except as to interest rates, All-In Yield, fees, final maturity, optional
redemption or prepayment terms, and after the final maturity date of the
original Revolving Credit Commitments, any other covenants and provisions (which
shall be determined by the Parent Borrower and the applicable Revolving Credit
Lenders and set forth in the relevant Extension Offer), the Revolving Credit
Commitment of any Revolving Credit Lender extended pursuant to an Extension (an
“Extended Revolving Credit Commitment”), and the related outstandings, shall be
a Revolving Credit Commitment (or related outstandings, as the case may be) with
substantially the same terms as, or (taken as a whole) terms not materially more
favorable (as reasonably determined by the Parent Borrower) than, the Class of
Revolving Credit Commitments (and related outstandings) subject to such
Extension Offer unless the existing Revolving Credit Lenders in such Class
receive the benefit of such favorable terms, such terms are reasonably
satisfactory to the Administrative Agent or such terms are applicable only to
periods after the Revolving Credit Maturity Date for such Class; provided that
subject to the provisions of Sections 2.22(f) and 2.23(n) to the extent dealing
with Swingline Loans and Letters of Credit which mature or expire after the
applicable Revolving Credit Maturity Date when there exist Extended Revolving
Credit Commitments with a longer Revolving Credit Maturity Date, and subject to
clause (x) below, all Swingline Loans and Letters of Credit shall be
participated in on a pro rata basis by all Lenders with Revolving Credit
Commitments in accordance with their Pro Rata Percentage of the Revolving Credit
Facility (and except as provided in Sections 2.22(f) and 2.23(n), without giving
effect to changes thereto on an earlier Revolving Credit Maturity Date with
respect to Swingline Loans and Letters of Credit theretofore incurred or issued)
and all borrowings under Revolving Credit Commitments and repayments thereunder
shall be made on a pro rata basis (except for (A) payments of interest and fees
at different rates on Extended Revolving Credit Commitments (and related
outstandings), (B) repayments required upon the applicable Revolving Credit
Maturity Date of the non-extending Revolving Credit Commitments and (C)
repayments made in connection with a permanent repayment and termination of
non-extended Revolving Credit Commitments), (iii) at the time of establishment
thereof, the final maturity date of any Extended Revolving Credit Commitments of
any Class shall be no earlier than the then latest Revolving Credit Maturity
Date hereunder, (iv) except as to interest rates, All-In Yield, fees,
amortization, final maturity date, optional prepayments and redemptions,
premium, required prepayment dates and participation in prepayments (which
shall, subject to immediately succeeding clauses (v), (vi) and (vii), be
determined by the Parent Borrower and the applicable Term Loan Lenders and set
forth in the relevant Extension Offer), the Term Loans of any Class of any Term
Loan Lender extended pursuant to any Extension (“Extended Term Loans”) shall
have substantially the same terms as, or (taken as a whole) terms not materially
more favorable (as reasonably determined by the Parent Borrower) than, the Class
of Term Loans subject to such Extension Offer unless the existing Term Loan
Lenders in such Class receive the benefit of such favorable terms, such terms
are reasonably satisfactory to the Administrative Agent or such terms are
applicable

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only to periods after the Term Loan Maturity Date for such Class, (v) at the
time of establishment thereof the final maturity date of any Extended Term Loans
of any Class shall be no earlier than the Term Loan Maturity Date of the Class
of Term Loans subject to such Extension Offer hereunder, (vi) at the time of
establishment thereof, the Weighted Average Life to Maturity of any Extended
Term Loans of any Class shall be no shorter than the remaining Weighted Average
Life to Maturity of the Term Loans of such Class extended thereby, (vii) any
Extended Term Loans may participate on a pro rata basis or a less than pro rata
basis (or, in the case of voluntary prepayments only, greater than a pro rata
basis) in any voluntary or mandatory repayments or prepayments hereunder, in
each case as specified in the respective Extension Offer (except with respect to
AHYDO Payments as set forth in Section 2.13(g)), (viii) if the aggregate
principal amount of any Class of Term Loans (calculated on the face amount
thereof) or Revolving Credit Commitments, as the case may be, in respect of
which Term Loan Lenders or Revolving Credit Lenders, as the case may be, shall
have accepted the relevant Extension Offer shall exceed the maximum aggregate
principal amount of such Class of Term Loans or Revolving Credit Commitments, as
the case may be, offered to be extended by the Parent Borrower pursuant to such
Extension Offer, then the Term Loans or Revolving Loans of such Class, as the
case may be, of such Term Loan Lenders or Revolving Credit Lenders, as the case
may be, shall be extended on a pro rata basis (subject to rounding by the
Administrative Agent, which shall be conclusive) up to such maximum amount based
on the respective principal amounts (but not to exceed actual holdings of
record) with respect to which such Term Loan Lenders or Revolving Credit
Lenders, as the case may be, have accepted such Extension Offer, (ix) all
documentation in respect of such Extension shall be consistent with the
foregoing, (x) the Issuing Banks and the Swingline Lender shall have consented
to any Extension of the Revolving Credit Commitments, to the extent that such
Extension provides for the issuance or extension of Letters of Credit or making
of Swingline Loans at any time during the extended period and (xi) any
applicable Minimum Extension Condition shall be satisfied unless waived by the
Parent Borrower; provided that at no time shall there be Classes of Term Loans
or Revolving Credit Commitments hereunder which have more than five (5)
different Term Loan Maturity Dates or Revolving Credit Maturity Dates,
respectively.
(b)With respect to all Extensions consummated by the Parent Borrower pursuant to
this Section 2.25, (i) such Extensions shall not constitute voluntary or
mandatory payments or prepayments for purposes of Section 2.12 or 2.13 and (ii)
no Extension Offer is required to be in any minimum amount or any minimum
increment, provided that the Parent Borrower or, if applicable, the Borrowers
making such Extension Offer may elect to specify as a condition (a “Minimum
Extension Condition”) to consummating any such Extension that a minimum amount
(to be determined and specified in the relevant Extension Offer in the
Borrowers’ sole discretion and may be waived by the Parent Borrower) of Term
Loans or Revolving Credit Commitments (as applicable) of any or all applicable
Classes be tendered. The Administrative Agent and the Lenders hereby consent to
the Extensions and the other transactions and/or modifications contemplated by
this Section 2.25 (including, for the avoidance of doubt, payment of any
interest, fees or premium in respect of any Extended Term Loans and/or Extended
Revolving Credit Commitments on the such terms as may be set forth in the
relevant Extension Offer) and hereby waive the requirements of any provision of
this Agreement (including, without limitation, Sections 2.12, 2.13 and 2.17) or
any other Loan Document that may otherwise prohibit any such Extension or any
other transaction contemplated by this Section 2.25. For the avoidance of doubt,
any Extension and other modifications effected pursuant to an Extension Offer
under this Section 2.25 shall be applicable only to the Lenders that accept the
applicable Extension Offer.
(c)The effectiveness of any Extension Offer shall be subject to the absence of
any Event of Default and, to the extent reasonably requested by the
Administrative Agent, receipt by the Administrative Agent of (i) legal opinions,
board resolutions and officers’ certificates consistent with those delivered on
the Closing Date other than changes to such legal opinion resulting from a
change in law, change in fact or change to counsel’s form of opinion reasonably
satisfactory to the Administrative Agent and (ii) reaffirmation agreements
and/or such amendments to the Security Documents as may be reasonably re-

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quested by the Administrative Agent in order to ensure that the Extended Term
Loans or Extended Revolving Credit Commitments, as applicable, are provided with
the benefit of the applicable Loan Documents. The Lenders hereby irrevocably
authorize the Administrative Agent and Collateral Agent to enter into amendments
to this Agreement and the other Loan Documents with the Borrowers as may be
necessary in order to (i) establish new Classes or sub-Classes in respect of
Revolving Credit Commitments or Term Loans so extended, (ii) modify the
scheduled repayments set forth in Section 2.11 with respect to any existing Term
Loans subject to an Extension to reflect a reduction in the principal amount of
the Terms Loans thereunder in an amount equal to the aggregate principal amount
of the Extended Term Loans amended pursuant to the applicable Extension (with
such amount to be applied ratably to reduce scheduled repayments of such Term
Loans required pursuant to Section 2.11), (iii) modify the prepayments set forth
in Section 2.12 to reflect the existence of the Extended Term Loans and the
application of prepayments with respect thereto, (iv) make such other changes to
this Agreement and the other Loan Documents consistent with the provisions and
intent of Section 9.08(c) (without the consent of the Required Lenders called
for therein) and (v) make or effect such other amendments to this Agreement or
the other Loan Documents as may be necessary or appropriate in the reasonable
opinion of the Administrative Agent and the Borrowers to effect the provisions
of this Section 2.25 and the Required Lenders hereby expressly authorize the
Administrative Agent to enter into any such amendments. Without limiting the
foregoing, in connection with any Extensions the respective Loan Parties shall
(at their expense) amend (and the Collateral Agent is hereby directed to amend)
any Mortgage that has a maturity date prior to the then latest Term Loan
Maturity Date so that such maturity date is extended to the then latest Term
Loan Maturity Date (or such later date as may be advised by local counsel to the
Collateral Agent); provided, that such amendments may be effected after the
consummation of the Extension Offer as agreed between the Loan Parties and the
Collateral Agent.
(d)In connection with any Extension, the Parent Borrower shall provide the
Administrative Agent at least 5 Business Days’ (or such shorter period as may be
agreed by the Administrative Agent) prior written notice thereof and shall agree
to such procedures, if any, as may be established by, or acceptable to, the
Administrative Agent, in each case acting reasonably to accomplish the purposes
of this Section 2.25.
(e)For the avoidance of doubt, any Extension shall not constitute a payment or
prepayment of any Term Loans or Revolving Loans.
(f)This Section 2.25 shall supersede any provisions in Section 2.18 or 9.08 to
the contrary.
SECTION 2.26    Defaulting Lenders
(a)Notwithstanding anything to the contrary contained in this Agreement, if any
Lender becomes a Defaulting Lender, then, until such time as that Lender is no
longer a Defaulting Lender, to the extent permitted by applicable Law:
(i)That Defaulting Lender’s right to approve or disapprove any amendment, waiver
or consent with respect to this Agreement shall be restricted as set forth in
Section 9.08.
(ii)Any payment of principal, interest, fees or other amounts received by the
Administrative Agent for the account of that Defaulting Lender (whether
voluntary or mandatory, at maturity, pursuant to Article VII or otherwise),
shall be applied at such time or times as may be determined by the
Administrative Agent as follows: first, to the payment of any amounts owing by
that Defaulting Lender to the Administrative Agent hereunder; second, to the
payment on a pro rata basis of any amounts owing by that Defaulting Lender to
the Issuing Banks or Swingline

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Lender hereunder; third, if so determined by the Administrative Agent or
requested by the applicable Issuing Bank or Swingline Lender, to be held as Cash
Collateral for future funding obligations of that Defaulting Lender of any
participation in any Letter of Credit or Swingline Loan; fourth, as the Borrower
may request (so long as no Default or Event of Default has occurred and is
continuing), to the funding of any Loan in respect of which that Defaulting
Lender has failed to fund its portion thereof as required by this Agreement, as
reasonably determined by the Administrative Agent; fifth, if so determined by
the Administrative Agent and the Borrower, to be held in a non-interest bearing
deposit account and released in order to (x) satisfy obligations of such
Defaulting Lender to fund Loans under this Agreement and (y) be held as Cash
Collateral for funding obligations of such Defaulting Lender with respect to
future Letters of Credit issued under this Agreement, in accordance with Section
2.03; sixth, to the payment of any amounts owing to the Lenders, the applicable
Issuing Bank or Swingline Lender as a result of any judgment of a court of
competent jurisdiction obtained by any Lender, Issuing Bank or Swingline Lender
against that Defaulting Lender as a result of that Defaulting Lender’s breach of
its obligations under this Agreement; seventh, so long as no Default or Event of
Default has occurred and is continuing, to the payment of any amounts owing to
the Borrower as a result of any judgment of a court of competent jurisdiction
obtained by the Borrower against that Defaulting Lender as a result of that
Defaulting Lender’s breach of its obligations under this Agreement; and eighth,
to that Defaulting Lender or as otherwise directed by a court of competent
jurisdiction; provided that if (x) such payment is a payment of the principal
amount of any Loans or L/C Disbursements in respect of which that Defaulting
Lender has not fully funded its appropriate share and (y) such Loans or L/C
Disbursements were made at a time when the conditions set forth in Section 4.02
were satisfied or waived, such payment shall be applied solely to pay the Loans
of, and L/C Disbursements owed to, all Non-Defaulting Lenders on a pro rata
basis prior to being applied to the payment of any Loans of, or L/C
Disbursements owed to, that Defaulting Lender. Any payments, prepayments or
other amounts paid or payable to a Defaulting Lender that are applied (or held)
to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant
to this Section 2.26(a)(ii) shall be deemed paid to and redirected by that
Defaulting Lender, and each Lender irrevocably consents hereto.
(iii)That Defaulting Lender (x) shall not be entitled to receive any commitment
fee pursuant to Section 2.09(a) for any period during which that Lender is a
Defaulting Lender (and the Borrower shall not be required to pay any such fee
that otherwise would have been required to have been paid to that Defaulting
Lender), (y) shall not be entitled to receive any interest pursuant to Section
2.07 for any period during which that Lender is a Defaulting Lender (and the
Borrower shall not be required to pay any such interest that otherwise would
have been required to have been paid to that Defaulting Lender) and (z) shall be
limited in its right to receive Letter of Credit Fees as provided in
Section 2.03(h).
(iv)During any period in which there is a Defaulting Lender, for purposes of
computing the amount of the obligation of each Non-Defaulting Lender to acquire,
refinance or fund participations in Letters of Credit or Swingline Loans
pursuant to Sections 2.22 and 2.23, the “Pro Rata Percentage” of each Non-
Defaulting Lender’s Revolving Loans, L/C Exposure and Swingline Loans shall
automatically be computed without giving effect to the Commitment of that
Defaulting Lender; provided that (i) the aggregate obligation of each
Non-Defaulting Lender to acquire, refinance or fund participations in Letters of
Credit and Swingline Loans shall not exceed the positive difference, if any, of
(1) the Commitment of that Non-Defaulting Lender minus (2) the aggregate
outstanding amount of the Loans of that Lender and (ii) each reallocation shall
be given effect only to the extent it does not cause the Revolving Credit
Exposure of the applicable Lender to exceed its Revolving Credit Commitments.

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(b)If the Borrower, the Administrative Agent, Swingline Lender and the Issuing
Banks agree in writing in their sole discretion that a Defaulting Lender should
no longer be deemed to be a Defaulting Lender, the Administrative Agent will so
notify the parties hereto, whereupon as of the effective date specified in such
notice and subject to any conditions set forth therein (which may include
arrangements with respect to any Cash Collateral), that Lender will, to the
extent applicable, purchase that portion of outstanding Loans of the other
Lenders or take such other actions as the Administrative Agent may determine to
be necessary to cause the Revolving Loans and funded and unfunded participations
in Letters of Credit and Swingline Loans to be held on a pro rata basis by the
Lenders in accordance with their Pro Rata Percentage (without giving effect to
Section 2.26(a)(iv)), whereupon that Lender will cease to be a Defaulting
Lender; provided that no adjustments will be made retroactively with respect to
fees, or interest pursuant to Section 2.07, accrued or payments made by or on
behalf of the Borrower while that Lender was a Defaulting Lender; provided,
further, that except to the extent otherwise expressly agreed by the affected
parties, no change hereunder from Defaulting Lender to Lender will constitute a
waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender.
(c)At any time that there shall exist a Defaulting Lender, promptly upon the
written request of the Administrative Agent (with respect to any or all Fronting
Exposure) or any Issuing Bank or the Swingline Lender (solely with respect to
such Person’s Fronting Exposure at such time), the Borrower shall deliver to the
Administrative Agent Cash Collateral (or, in the case of Fronting Exposure with
respect to Swingline Loans, repay such Swingline Loans) in an amount sufficient
to cover all such Fronting Exposure that has not been reallocated pursuant to
Section 2.26(a)(iv) (after giving effect to any Cash Collateral provided by the
Defaulting Lender). For purposes hereof, “Cash Collateralize” means to pledge
and deposit with or deliver to the Administrative Agent, for the benefit of (i)
the relevant Issuing Bank and the Appropriate Lenders, as collateral for any L/C
Exposure or (ii) the Swingline Lender and the Appropriate Lenders, as collateral
for the Obligations, cash, Cash Equivalents (if reasonably acceptable to the
Administrative Agent and the relevant Issuing Bank or Swingline Lender, as
applicable) or deposit account balances (“Cash Collateral”) pursuant to
documentation in form and substance reasonably satisfactory to the
Administrative Agent and the relevant Issuing Bank or Swingline Lender, as
applicable (which documents are hereby consented to by the Appropriate Lenders).
Derivatives of such term have corresponding meanings.
(d)This Section 2.26 shall supersede any provisions in Sections 2.18 or 9.08 to
the contrary.
SECTION 2.27    Refinancing Amendments.
(a)On one or more occasions after the Closing Date, the Parent Borrower may
obtain, from any Lender or any Additional Refinancing Lender, Credit Agreement
Refinancing Indebtedness in respect of all or any portion of the Term Loans and
the Revolving Loans (or unused Revolving Credit Commitments) then outstanding
under this Agreement (which for purposes of this Section 2.27(a) will be deemed
to include any then outstanding Refinancing Term Loans or Incremental Term
Loans), in the form of Refinancing Term Loans, Refinancing Term Commitments,
Refinancing Revolving Credit Commitments or Refinancing Revolving Credit Loans
pursuant to a Refinancing Amendment; provided that notwithstanding anything to
the contrary in this Section 2.27 or otherwise, (1) the borrowing and repayment
(except for (A) payments of interest and fees at different rates on Refinancing
Revolving Credit Commitments (and related outstandings), (B) repayments required
upon the maturity date of the Refinancing Revolving Credit Commitments and
(C) repayment made in connection with a permanent repayment and termination of
commitments of Loans with respect to Refinancing Revolving Credit Commitments
after the date of obtaining any Refinancing Revolving Credit Commitments) shall
be made on a pro rata basis with all other Revolving Credit Commitments,
(2) subject to the provisions of Sections 2.22 and 2.23 to the extent dealing
with Letters of Credit and Swingline Loans, respectively, which mature or expire
after a maturity date when there exist Extended Revolving Credit Commitments
with a longer maturi-

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ty date, all Letters of Credit and Swingline Loans shall be participated on a
pro rata basis by all Lenders with Commitments in accordance with their
percentage of the Revolving Credit Commitments (and except as provided in
Sections 2.22 and 2.23, without giving effect to changes thereto on an earlier
maturity date with respect to Letters of Credit and Swingline Loans theretofore
incurred or issued) and (3) assignments and participations of Refinancing
Revolving Credit Commitments and Refinancing Revolving Credit Loans shall be
governed by the same assignment and participation provisions applicable to
Revolving Credit Commitments and Revolving Loans.
(b)The effectiveness of any Refinancing Amendment (other than a Refinancing
Amendment pursuant to which Indebtedness in the form of securities (including
Registered Equivalent Notes) or a bridge credit agreement intended to be
refinanced with an issuance of securities is being issued) shall be subject to,
the absence of any Event of Default and, to the extent reasonably requested by
the Administrative Agent, receipt by the Administrative Agent of (i) customary
legal opinions consistent with those delivered on the Closing Date (other than
changes to such legal opinion resulting from a change in law, change in fact or
change to counsel’s form of opinion reasonably satisfactory to the
Administrative Agent) and (ii) reaffirmation agreements and/or such amendments
to the Security Documents as may be reasonably requested by the Administrative
Agent in order to ensure that such Credit Agreement Refinancing Indebtedness is
provided with the benefit of the applicable Loan Documents.
(c)Each issuance of Credit Agreement Refinancing Indebtedness under
Section 2.27(a) shall be in an aggregate principal amount that is (x) not less
than $15,000,000 and (y) an integral multiple of $1,000,000 in excess thereof.
(d)Each of the parties hereto hereby agrees that this Agreement and the other
Loan Documents may be amended pursuant to a Refinancing Amendment, without the
consent of any other Lenders, to the extent (but only to the extent) necessary
to (i) reflect the existence and terms of the Credit Agreement Refinancing
Indebtedness incurred pursuant thereto and (ii) make such other changes to this
Agreement and the other Loan Documents consistent with the provisions and intent
of Section 9.08(c) (without the consent of the Required Lenders called for
therein) and Section 9.08(d) and (iii) effect such other amendments to this
Agreement and the other Loan Documents as may be necessary or appropriate, in
the reasonable opinion of the Administrative Agent and the Borrower, to effect
the provisions of this Section 2.27, and the Required Lenders hereby expressly
authorize the Administrative Agent to enter into any such Refinancing Amendment.
(e)This Section 2.27 shall supersede any provisions in Section 2.18 or 9.08 to
the contrary.
ARTICLE III
Representations and Warranties
Each Borrower represents and warrants (it being understood that, for purposes of
the representations and warranties made in the Loan Documents on the Closing
Date, such representations and warranties shall be construed as though the
Transactions have been consummated) to the Administrative Agent, the Collateral
Agent, each Issuing Bank and each of the Lenders that:
SECTION 3.01    Organization; Powers. Each Loan Party and each Restricted
Subsidiary (a) is duly organized or formed, validly existing and in good
standing (where relevant) under the laws of the jurisdiction of its
organization, except where the failure to exist (other than in the case of each
Borrower) or be in good standing could not reasonably be expected to result in a
Material Adverse Effect, (b) has all requisite power and authority to own its
property and assets and to carry on its business as now conduct-

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ed, except where the failure to have such power and authority could not
reasonably be expected to result in a Material Adverse Effect, (c) is qualified
to do business in, and is in good standing (where relevant) in, every
jurisdiction where its ownership, lease or operation of properties or the
conduct of its business requires such qualification, except where the failure to
so qualify could not reasonably be expected to result in a Material Adverse
Effect, and (d) has the requisite power and authority to execute, deliver and
perform its obligations under each of the Loan Documents to which it is a party.
SECTION 3.02    Authorization. The execution, delivery and performance of the
Loan Documents (a) have been duly authorized by all requisite corporate or other
organizational and, if required, stockholder or member action and (b) will not
(i) violate (A) any provision (x) of any applicable law, statute, rule or
regulation, or (y) of the certificate or articles of incorporation, bylaws or
other constitutive documents of any Loan Party, (B) any applicable order of any
Governmental Authority, (C) any provision of the Existing Senior Notes
Documentation to the extent the Existing Senior Notes constitute Material
Indebtedness or (D) any provision of any other material indenture, agreement or
other instrument to which any Loan Party or any Restricted Subsidiary is a party
or by which any of them or any of their property is bound, (ii) be in conflict
with, result in a breach of or constitute (alone or with notice or lapse of time
or both) a default under or give rise to any right to require the prepayment,
repurchase or redemption of any obligation under (x) the Existing Senior Notes
Documentation to the extent the Existing Senior Notes constitute Material
Indebtedness or (y) any other such material indenture, agreement or other
instrument or (iii) result in the creation or imposition of any Lien upon or
with respect to any property or assets now owned or hereafter acquired by any
Loan Party or any Restricted Subsidiary (other than Liens created or permitted
hereunder or under the Security Documents); except with respect to
clauses (b)(i) through (b)(iii) (other than clauses (b)(i)(A)(y), (b)(i)(C) and
(b)(ii)(x)), to the extent that such violation, conflict, breach, default, or
creation or imposition of Lien could not reasonably be expected to result in a
Material Adverse Effect.
SECTION 3.03.    Enforceability. This Agreement and each other Loan Document
(when delivered) have been duly executed and delivered by each Loan Party which
is a party thereto. This Agreement and each other Loan Document delivered on the
Closing Date constitutes, and each other Loan Document when executed and
delivered by each Loan Party which is a party thereto will constitute, a legal,
valid and binding obligation of such Loan Party enforceable against such Loan
Party in accordance with its terms, except as may be limited by bankruptcy,
insolvency, fraudulent transfer, reorganization, receivership, moratorium or
similar laws of general applicability relating to or limiting creditors’ rights
generally or by general equity principles.
SECTION 3.04.    Governmental Approvals. Except to the extent the failure to
obtain or make the same could not reasonably be expected to result in a Material
Adverse Effect, no action, consent or approval of, registration or filing with
or any other action by any Governmental Authority is necessary or will be
required in connection with the Loan Documents, except for (a) filings and
registrations necessary to perfect the Liens on the Collateral granted by the
Loan Parties in favor of the Collateral Agent and (b) such as have been made or
obtained and are in full force and effect.
SECTION 3.05    Financial Statements.
(a)As of the Closing Date, the Company’s consolidated balance sheets and related
statements of income, stockholder’s equity and cash flows as of and for the
fiscal years ended December 31, 2012, December 31, 2013 and December 31, 2014,
audited by and accompanied by the report of KPMG LLP, present fairly in all
material respects the financial condition and results of operations and cash
flows of the Company and its consolidated subsidiaries as of such dates and for
such periods. The Company’s unaudited consolidated balance sheet and related
statements of income, stockholder’s equity and cash flows as of and for the six
months ended June 30, 2015, present fairly in all material respects the
financial

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condition and results of operations and cash flows of the Company and its
consolidated subsidiaries as of such dates and for such periods, subject to
normal year-end audit adjustments. Such financial statements were prepared in
accordance with GAAP (subject to the absence of footnotes in the case of
unaudited financial statements) consistently applied throughout the period
covered thereby, except as otherwise noted therein.
(b)The Parent Borrower has heretofore delivered to the Administrative Agent its
unaudited pro forma consolidated balance sheet and related pro forma statements
of income and cash flows as of and for the last four quarters ended June 30,
2015, prepared giving effect to the Transactions as if they had occurred, with
respect to such balance sheet, on such date and, with respect to such other
financial statements, on the first day of the four-fiscal quarter period ending
on such date, it being understood that such pro forma financial statements need
not be prepared in compliance with Regulation S-X of the Securities Act or
include adjustments for purchase accounting or recapitalization accounting
(including adjustments or the type contemplated by Financial Accounting
Standards Board Accounting Standards Codification 805, Business Combinations
(formerly SFAS 141R)). As of the Closing Date, such pro forma financial
statements have been prepared in good faith by the Parent Borrower, based on the
assumptions believed by the Parent Borrower on the date of delivery thereof to
be reasonable, are based in all material respects on the information reasonably
available to the Parent Borrower as of the date of delivery thereof, reflect in
all material respects the adjustments required to be made to give effect to the
Transactions, it being understood that actual adjustments may vary from the pro
forma adjustments and actual results may vary from such projected results and,
in each case, such variations may be material.
SECTION 3.06.    No Material Adverse Change. Since the Closing Date, no event,
change or condition has occurred that (individually or in the aggregate) has
had, or could reasonably be expected to have, a Material Adverse Effect.
SECTION 3.07.    Title to Properties. Each Loan Party and each Restricted
Subsidiary has good and marketable title in fee simple to, or valid leasehold
interests in or valid rights to use, all its material properties and assets
other than (i) minor defects in title that do not materially interfere with its
ability to conduct its business or to utilize such assets for their intended
purposes, (ii) except where the failure to have such title or other property
interests described above could not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect, and (iii) all such material
properties and assets are free and clear of Liens, other than Permitted Liens.
SECTION 3.08.    Subsidiaries. Schedule 3.08 sets forth as of the Closing Date a
list of all subsidiaries of the Parent Borrower, the jurisdiction of their
formation or organization, as the case may be, and the percentage ownership
interest of such subsidiary’s parent company therein, and such Schedule shall
denote which subsidiaries as of the Closing Date are not Subsidiary Guarantors.
SECTION 3.09.    Litigation; Compliance with Laws.
(a)Except as set forth on Schedule 3.09, there are no actions, suits or
proceedings at law or in equity or by or before any Governmental Authority now
pending or, to the knowledge of the Borrowers, threatened in writing against any
Loan Party or any Restricted Subsidiary or any business, property or rights of
any such Person that could reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Effect.
(b)None of the Loan Parties or any Restricted Subsidiary or any of their
respective material properties is in violation of any applicable law, rule or
regulation, or is in default with respect to any judgment, writ, injunction,
decree or order of any Governmental Authority, where any such violation or
default could reasonably be expected to result in a Material Adverse Effect.

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SECTION 3.10.    Federal Reserve Regulations.
(a)None of the Loan Parties or any Restricted Subsidiary is engaged principally,
or as one of its important activities, in the business of purchasing or carrying
Margin Stock or extending credit for the purpose of purchasing or carrying
Margin Stock.
(b)No part of the proceeds of any Loan or any Letter of Credit will be used (i)
to purchase or carry any Margin Stock or to extend credit to others for the
purpose of purchasing or carrying any Margin Stock or (ii) for a purpose in
violation of Regulation T, U or X issued by the Board.
SECTION 3.11.    Investment Company Act. None of the Loan Parties or any
Restricted Subsidiary is an “investment company” as defined in, or subject to
regulation under, the Investment Company Act of 1940.
SECTION 3.12.    Taxes. Each of the Loan Parties and each Restricted Subsidiary
has, except where the failure to so file or pay could not be reasonably
expected, individually or in the aggregate, to have a Material Adverse Effect,
filed or caused to be filed all Federal, state, local and other Tax returns
required to have been filed by it (including in its capacity as a withholding
agent) and has paid, caused to be paid, or made provisions for the payment of
all Taxes due and payable by it and all material assessments received by it
(including in its capacity as a withholding agent), except such Taxes and
assessments that are (i) not yet overdue for a period of more than 45 days or
the nonpayment of which in the aggregate would not reasonably be expected to
result in a Material Adverse Effect, (ii) which are being contested in good
faith by appropriate proceedings diligently conducted, if adequate reserves with
respect thereto are maintained on the books of such Person in accordance with
GAAP or (iii) for property taxes on property (other than any Mortgaged Property)
that the Company or one of its subsidiaries has determined to abandon if the
sole recourse for such tax, assessment, charge, levy or claim is to such
property.
SECTION 3.13    No Material Misstatements. As of the Closing Date, the Lender
Presentation and other written information, reports, financial statements,
exhibits and schedules furnished by (as modified or supplemented by other
information so furnished prior to the Closing Date) or on behalf of the Parent
Borrower to the Administrative Agent or the Lenders (other than projections and
other forward looking information and information of a general economic or
industry specific nature) on or prior to the Closing Date in connection with the
transactions contemplated hereby (taken as a whole) did not and, as of the
Closing Date, does not contain any material misstatement of fact or omit to
state any material fact necessary to make the statements therein, in the light
of the circumstances under which they were made, not materially misleading. The
projections contained in the Lender Presentation were prepared in good faith on
the basis of assumptions believed by the Parent Borrower to be reasonable in
light of the conditions existing at the time of delivery of such projections,
and represented, at the time of delivery thereof, a reasonable good faith
estimate of future financial performance by the Parent Borrower (it being
understood that such projections are not to be viewed as facts and are subject
to significant uncertainties and contingencies, many of which are beyond the
control of the Parent Borrower, that actual results may vary from projected
results and such variances may be material and that the Parent Borrower makes no
representation as to the attainability of such projections or as to whether such
projections will be achieved or will materialize).
SECTION 3.14    Employee Benefit Plans. No ERISA Event has occurred or could
reasonably be expected to occur, that could reasonably be expected to result in
a Material Adverse Effect. Each Pension Plan and/or Foreign Plan is in
compliance with the applicable provisions of ERISA, the Code and/or applicable
law, except for such non-compliance that could not reasonably be expected to
have a Material Adverse Effect. No Pension Event has occurred or could
reasonably be expected to occur, which could reasonably be expected to result in
a Material Adverse Effect.

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SECTION 3.15    Environmental Matters. Except with respect to any matters that,
individually or in the aggregate, could not reasonably be expected to result in
a Material Adverse Effect, (i) each Loan Party and each of their respective
subsidiaries are in compliance with all Environmental Laws, and have obtained,
and are in compliance with, all permits required of them under Environmental
Laws, (ii) there are no claims, proceedings, investigations or actions by any
Governmental Authority or other Person pending, or to the knowledge of the
Borrowers, threatened against any Loan Party or any of their respective
subsidiaries under any Environmental Law, (iii) none of the Loan Parties or any
of their respective subsidiaries has agreed to assume or accept responsibility,
by contract, for any liability of any other Person under Environmental Laws and
(iv) to the knowledge of the Borrowers, there are no facts, circumstances or
conditions relating to the past or present business or operations of any Loan
Party, any of their respective subsidiaries, or any of their respective
predecessors (including the disposal of any wastes, hazardous substances or
other materials), or to any past or present assets of any Loan Party or any of
their respective subsidiaries, that could reasonably be expected to result in
any Loan Party or any subsidiary incurring any claim or liability under any
Environmental Law.
SECTION 3.16    Security Documents. All filings and other actions necessary to
perfect the Liens on the Collateral created under, and in the manner
contemplated by, this Agreement and the Security Documents have been duly made
or taken or otherwise provided for in a manner reasonably acceptable to the
Collateral Agent to the extent required by the terms of this Agreement or such
Security Documents, and the Security Documents create in favor of the Collateral
Agent, for the benefit of the Secured Parties, a valid, and together with such
filings and other actions required by this Agreement or the Security Documents,
perfected first priority Lien in the Collateral (to the extent that, with
respect to Collateral that is intellectual property, a valid, perfected Lien in
such Collateral is possible through such filings and other actions), securing
the payment of the Secured Obligations, subject only to Permitted Liens, to the
extent any such Permitted Liens would have priority over the Liens in favor of
the Collateral Agent pursuant to any applicable law; provided, however, the
representation and warranty set forth in this Section 3.16 as it relates to the
effects of perfection or non-perfection, the priority or the enforceability of
any pledge of or security interest in any Equity Interests of any Foreign
Subsidiary, or as to the rights and remedies of the Collateral Agent or any
Lender with respect thereto shall be made only to the extent of comparable
representations and warranties applicable to such Equity Interests or Collateral
set forth in the Security Documents pursuant to which Liens on such Equity
Interests or Collateral are purported to be granted.
SECTION 3.17    Location of Real Property and Leased Premises.
(a)Schedule 3.17(a) lists completely and correctly (in all material respects) as
of the Closing Date all real property owned by the Loan Parties and the
Restricted Subsidiaries and the addresses thereof, to the extent reasonably
available. Except as otherwise provided in Schedule 3.17(a), the Parent Borrower
and its Restricted Subsidiaries own in fee all the real property set forth on
such schedule, except to the extent the failure to have such title could not
reasonably be expected to result in a Material Adverse Effect.
(b)Schedule 3.17(b) lists completely and correctly (in all material respects) as
of the Closing Date all real property leased by the Loan Parties and the
Restricted Subsidiaries and the addresses thereof. Except as otherwise provided
on Schedule 3.17(b), the Loan Parties and the Restricted Subsidiaries have valid
leasehold interests in all the real property set forth on such schedule, except
to the extent the failure to have such valid leasehold interest could not
reasonably be expected to have a Material Adverse Effect.
SECTION 3.18    Labor Matters. Except as set forth in Schedule 3.18 and except
in the aggregate to the extent the same has not had and could not be reasonably
expected to have a Material Adverse Effect, (a) there are no strikes, lockouts,
slowdowns or other labor disputes against any Loan Party or any Restricted
Subsidiary pending or, to the knowledge of the Borrowers, threatened in writing,
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hours worked by and payments made to employees of the Loan Parties and the
Restricted Subsidiaries have not been in violation of the Fair Labor Standards
Act or any other applicable Federal, state, local or foreign law dealing with
such matters.
SECTION 3.19    Solvency. On the Closing Date after giving effect to the
Transactions, the Loan Parties, on a consolidated basis, are Solvent.
SECTION 3.20    Intellectual Property. Except as set forth in Schedule 3.20, the
Parent Borrower and each of its Restricted Subsidiaries own, license or possess
the right to use all intellectual property, free from burdensome restrictions,
that are necessary for the operation of their respective businesses as currently
conducted and as proposed to be conducted, except where the failure to obtain
any such rights or the imposition of such restrictions could not reasonably be
expected to have a Material Adverse Effect.
SECTION 3.21    Subordination of Junior Financing. The Obligations constitute
“Senior Debt,” “Senior Indebtedness,” “Guarantor Senior Debt” or “Senior Secured
Financing” (or any comparable term) under, and as defined in, any Junior
Financing Documentation.
SECTION 3.22    USA PATRIOT Act; Sanctions; Anti-Corruption Laws.
(a)Each of the Parent Borrower and its subsidiaries are in compliance, in all
material respects, with the USA PATRIOT Act.
(b)(i) None of the Parent Borrower, any of its subsidiaries or, to the knowledge
of the Parent Borrower, any director, officer or employee of the Parent Borrower
or any of its subsidiaries, is an individual or entity that is, or to the
knowledge of the Parent Borrower is owned or controlled by any individual or
entity that is, (A) currently the subject or target of any Sanctions, (B)
included on OFAC’s List of Specially Designated nationals available at
http://www.treas.gov/offices/enforcement/ofac/sdn, or as otherwise published
from time to time or (C) resident in a Designated Jurisdiction, and (ii) the
Parent Borrower and its subsidiaries will not use the proceeds of the Loans or
otherwise direct any Person to use such proceeds, for the purpose of financing
the activities of any Person that is the subject of Sanctions, or in any
Designated Jurisdiction, in violation of any Sanctions.
(c)No part of the proceeds of the Loans will be used by the Parent Borrower or
its subsidiaries, or at the direction of the Parent Borrower, for any payments
to any governmental official or employee, political party, official of a
political party, candidate for political 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 any applicable Anti-Corruption Laws.
ARTICLE IV
Conditions of Lending
The obligations of the Lenders to make Loans and of each Issuing Bank to issue
Letters of Credit hereunder are subject to the satisfaction (or waiver by the
Arrangers on or prior to the Closing Date and in accordance with Section 9.08
thereafter) of the following conditions:
SECTION 4.01    All Credit Events. On the date of the making of each Loan,
including the making of a Swingline Loan and on the date of each issuance or
amendment of a Letter of Credit (each such event being called a “Credit Event”;
it being understood that the conversion into a Eurodollar Loan, an ABR Loan, a
BA Rate Loan or a Canadian Base Rate Loan or continuation of a Eurodollar Loan
or BA Rate Loan does not constitute a Credit Event):

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(a)    The Administrative Agent shall have received a notice of such Loan as
required by Section 2.03 (or such notice shall have been deemed given in
accordance with Section 2.02) or, in the case of the issuance, amendment,
extension or renewal of a Letter of Credit, the relevant Issuing Bank and the
Administrative Agent shall have received a notice requesting the issuance,
amendment, extension or renewal of such Letter of Credit as required by
Section 2.23(b) or, in the case of the Borrowing of a Swingline Loan, the
Swingline Lender and the Administrative Agent shall have received a notice
requesting such Swingline Loan as required by Section 2.22(b).
(b)    The representations and warranties set forth in Article III and in each
other Loan Document shall be true and correct in all material respects on and as
of the date of such Credit Event with the same effect as though made on and as
of such date, except to the extent such representations and warranties expressly
relate to an earlier date, in which case they shall be true and correct in all
material respects as of such earlier date.
(c)    At the time of and immediately after such Credit Event, no Default or
Event of Default shall have occurred and be continuing.
Each Credit Event shall be deemed to constitute a representation and warranty by
the Borrowers to the relevant Lenders and/or Issuing Banks on the date of such
Credit Event as to the matters specified in paragraphs (b) and (c) of this
Section 4.01.
Notwithstanding anything in this Section 4.01 to the contrary, (i) the
effectiveness of any Incremental Amendment shall be subject only to the
conditions precedent set forth in Section 2.24(a) and to such conditions as are
mutually agreed between the applicable Borrower and the Lenders party to such
Incremental Amendment, (ii) the effectiveness of any Extension Offer shall be
subject only to the conditions precedent set forth in Section 2.25(c) and to
such conditions as are mutually agreed between the applicable Borrower and the
Lenders agreeing to such Extension Offer, (iii) the effectiveness of any
Refinancing Amendment shall be subject only to the conditions precedent set
forth in Section 2.27(b) and such conditions as are mutually agreed between the
applicable Borrower and the Lenders party to such Refinancing Amendment and (iv)
the effectiveness of any amendment with respect to Replacement Term Loans shall
be subject only to the absence of any Event of Default and such conditions as
are mutually agreed between the applicable Borrower and the Lenders party to the
applicable amendment.
SECTION 4.02    First Credit Event. On the Closing Date:
(a)    The Administrative Agent shall have received counterparts of this
Agreement duly executed and delivered by the Borrowers.
(b)    The Administrative Agent shall have received, on behalf of itself, the
Lenders and each Issuing Bank, opinions of (i) Kirkland & Ellis LLP, special
counsel for the Loan Parties, and (ii) Taft Stettinius & Hollister LLP, Ohio
counsel for the Loan Parties, in each case addressed to each Issuing Bank, the
Administrative Agent and the Lenders and in form and substance reasonably
satisfactory to the Administrative Agent.
(c)    The Administrative Agent shall have received (i) a copy of the
certificate or articles of incorporation or organization, including all
amendments thereto, of each Loan Party, certified as of a recent date by the
Secretary of State of the state of its organization, and a certificate as to the
good standing (where relevant) of each Loan Party as of a recent date, from such
Secretary of State or similar Governmental Authority and (ii) a certificate of
the Secretary or Assistant Secretary of each Loan Party dated the Closing Date
and certifying (A) that attached thereto is a true

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and complete copy of the by-laws or operating (or limited liability company)
agreement of such Loan Party as in effect on the Closing Date, (B) that attached
thereto is a true and complete copy of resolutions duly adopted by the Board of
Directors (or equivalent body) of such Loan Party authorizing the execution,
delivery and performance of the Loan Documents to which such Person is a party
and, in the case of the Borrowers, the borrowings hereunder, and that such
resolutions have not been modified, rescinded or amended and are in full force
and effect, (C) that the certificate or articles of incorporation or
organization of such Loan Party have not been amended since the date of the last
amendment thereto shown on the certificate of good standing furnished pursuant
to clause (i) above, and (D) as to the incumbency and specimen signature of each
officer executing any Loan Document on behalf of such Loan Party and
countersigned by another officer as to the incumbency and specimen signature of
the Secretary or Assistant Secretary executing the certificate pursuant to
clause (ii) above.
(d)    The Administrative Agent shall have received a certificate, dated the
Closing Date and signed by a Financial Officer of the Company, certifying
compliance with the conditions precedent set forth in Sections 4.01(b) and
4.02(i).
(e)    The Administrative Agent shall have received all fees and other amounts
due and payable on or prior to the Closing Date, including, to the extent
invoiced at least 3 Business Days prior to the Closing Date, reimbursement or
payment of all reasonable out-of-pocket expenses required to be reimbursed or
paid by the Parent Borrower hereunder or under any other Loan Document.
(f)    The Parent Borrower shall have delivered or caused to be delivered to the
Administrative Agent a solvency certificate from a Responsible Officer of the
Parent Borrower setting forth the conclusions that, after giving effect to the
Transactions, the Loan Parties (on a consolidated basis) are Solvent.
(g)    The Security Documents (other than any Mortgages) shall have been duly
executed by each Loan Party that is to be a party thereto and shall be in full
force and effect. All actions necessary to establish that the Collateral Agent
will have a perfected first priority Lien on the Collateral (subject to
Permitted Liens, to the extent any such Permitted Liens would have priority over
the Liens in favor of the Administrative Agent pursuant to any applicable law)
shall have been taken.
(h)    The Administrative Agent shall have received the results of (i) searches
of the Uniform Commercial Code filings (or equivalent filings) and (ii)
bankruptcy, judgment and tax lien searches, made with respect to the Loan
Parties in the states (or other jurisdictions) of formation of such Person,
together with (in the case of clause (i)) copies of the financing statements (or
similar documents) disclosed by such search.
(i)    From June 30, 2015, no event, change or effect shall have occurred which,
individually or in the aggregate, has resulted in or would reasonably be
expected to result in a Material Adverse Effect.
(j)    The Administrative Agent shall have received a certificate as to coverage
under the insurance policies required by Section 5.02 in form and substance
reasonably satisfactory to it.
(k)    All amounts due or outstanding in respect of the Existing Debt (other
than Existing Letters of Credit and contingent obligations) shall have been (or
substantially simultaneously

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with the initial funding of the Loans on the Closing Date shall be) paid in
full, all commitments (if any) in respect thereof terminated, all security
interests and mortgages (if any) in respect thereof released and all guarantees
(if any) thereof discharged and released.
(l)    The Lenders shall have received from the Loan Parties at least 3 Business
Days prior to the Closing Date, to the extent requested at least 10 days prior
to the Closing Date, all documentation and other information required by
regulatory authorities under applicable “know your customer” and anti-money
laundering rules and regulations, including the USA PATRIOT Act.
SECTION 4.03    Additional Conditions Applicable to Foreign Subsidiary
Borrowers. The obligations of each Lender to make Loans and of each Issuing Bank
to issue Letters of Credit requested to be made by it to any Foreign Subsidiary
Borrower on any date is subject to satisfaction or waiver of, in addition to the
conditions precedent set forth in Section 4.01, the following conditions
precedent: (a) in the case of the making of any extension of credit to any
Foreign Subsidiary Borrower for the first time, the delivery to the
Administrative Agent of (i) the executed legal opinion of counsel to such
Foreign Subsidiary Borrower, in form and substance reasonably satisfactory to
the Administrative Agent, and (ii) the collateral and security documents, in
form and substance reasonably satisfactory to the Administrative Agent, executed
and delivered by a duly authorized officer of such Foreign Subsidiary Borrower
and each of its subsidiaries, and such other documents, instruments and
agreements as may be reasonably requested by the Administrative Agent and (b)
the truthfulness and correctness in all material respects on and as of such date
of the following additional representations and warranties:
(a)    The obligations of such Foreign Subsidiary Borrower under this Agreement
and any Note, when executed and delivered by such Foreign Subsidiary Borrower,
will rank at least pari passu with all other secured Indebtedness of such
Foreign Subsidiary Borrower.
(b)    Such Foreign Subsidiary Borrower is subject to civil and commercial law
with respect to its obligations under this Agreement and any Note, and the
execution, delivery and performance by such Foreign Subsidiary Borrower of this
Agreement constitute and will constitute private and commercial acts and not
public or governmental acts. Neither such Foreign Subsidiary Borrower nor any of
its property, whether or not held for its own account, has any immunity
(sovereign or other similar immunity) from any suit or proceeding, from
jurisdiction of any court or from set-off or any legal process (whether service
or notice, attachment prior to judgment, attachment in aid of execution of
judgment, execution of judgment or other similar immunity) under the laws of the
jurisdiction in which such Foreign Subsidiary Borrower is organized and existing
in respect of its obligations under this Agreement or any Note. Such Foreign
Subsidiary Borrower has, pursuant to Section 9.15(e), waived every immunity
(sovereign or otherwise) to which it or any of its properties would otherwise be
entitled from any legal action, suit or proceeding, from jurisdiction of any
court or from set-off or any legal process (whether service or notice,
attachment prior to judgment, attachment in aid of execution of judgment,
execution of judgment or otherwise) under the laws of the jurisdiction in which
such Foreign Subsidiary Borrower is organized and existing in respect of its
obligations under this Agreement and any Note. The waiver by such Foreign
Subsidiary Borrower described in the immediately preceding sentence is the
legal, valid and binding obligation of such Foreign Subsidiary Borrower.
(c)    This Agreement and each Note, if any, is in proper legal form under the
laws of the jurisdiction in which such Foreign Subsidiary Borrower is organized
and existing for the enforcement hereof or thereof against such Foreign
Subsidiary Borrower under the laws of such jurisdiction, and to ensure the
legality, validity, enforceability, priority or admissibility in evidence of
this Agreement and any such Note. It is not necessary to ensure the legality,
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ability, priority or admissibility in evidence of this Agreement and any such
Note that this Agreement, any Note or any other document be filed, registered or
recorded with, or executed or notarized before, any court or other authority in
the jurisdiction in which such Foreign Subsidiary Borrower is organized and
existing or that any registration charge or stamp or similar tax be paid on or
in respect of this Agreement, any Note or any other document, except for any
such filing, registration or recording, or execution or notarization, as has
been made or is not required to be made until this Agreement, any Note or any
other document is sought to be enforced and for any charge or tax as has been
timely paid.
(d)    The execution, delivery and performance by such Foreign Subsidiary
Borrower of this Agreement, any Note or the other Loan Documents is, under
applicable foreign exchange control regulations of the jurisdiction in which
such Foreign Subsidiary Borrower is organized and existing, not subject to any
notification or authorization except such as have been made or obtained or
cannot be made or obtained until a later date.
Each borrowing by any Foreign Subsidiary Borrower hereunder shall constitute a
representation and warranty by each of the Parent Borrower and such Foreign
Subsidiary Borrower as of the date of such borrowings that the conditions
contained in this Section 4.03 have been satisfied.
ARTICLE V
Affirmative Covenants
Each Borrower covenants and agrees with each Lender that until the Termination
Date such Borrower will, and will cause each of the Restricted Subsidiaries to:
SECTION 5.01    Existence; Compliance with Laws; Businesses and Properties.
(a)Do or cause to be done all things reasonably necessary to preserve, renew and
keep in full force and effect its legal existence under the laws of its
jurisdiction of organization, except (i) to the extent that failure to do so
could not reasonably be expected to have a Material Adverse Effect or (ii) as
otherwise expressly permitted under Section 6.04 or Section 6.05.
(b)Other than as could not reasonably be expected to have a Material Adverse
Effect, (i) do or cause to be done all things reasonably necessary to obtain,
preserve, renew, extend and keep in full force and effect the material rights,
licenses, permits, franchises, authorizations, patents, copyrights, trademarks
and trade names necessary to the conduct of its business, (ii) comply with
applicable laws, rules, regulations and decrees and orders of any Governmental
Authority (including Environmental Laws, ERISA, Sanctions, any applicable
Anti-Corruption Laws and the USA PATRIOT Act), whether now in effect or
hereafter enacted and (iii) maintain and preserve all property necessary to the
conduct of such business and keep such property in good repair, working order
and condition (ordinary wear and tear, casualty and condemnation excepted) and
from time to time make, or cause to be made, all needed repairs, renewals,
additions, improvements and replacements thereto necessary in the reasonable
judgment of management to the conduct of its business.
SECTION 5.02    Insurance.
(a)Keep its material insurable properties adequately insured in all material
respects at all times by financially sound and reputable insurers to such extent
and against such risks, including fire and other risks insured against by
extended coverage, as is customary with companies in the same or similar
businesses operating in the same or similar locations.

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(b)If any portion of the improvements located on any Mortgaged Property is at
any time located in an area identified by the Federal Emergency Management
Agency (or any successor agency) as a special flood hazard area with respect to
which flood insurance has been made available under the National Flood Insurance
Act of 1968 (as now or hereafter in effect or successor act thereto), then the
Parent Borrower shall, or shall cause each Loan Party to (i) maintain, or cause
to be maintained, with a financially sound and reputable insurer, flood
insurance in an amount and otherwise sufficient to comply with all applicable
rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii)
deliver to the Administrative Agent evidence of such compliance in form and
substance reasonably acceptable to the Administrative Agent.
(c)With respect to each Mortgaged Property, obtain flood insurance in such total
amount as the Administrative Agent or the Required Lenders may from time to time
require and is considered normal and customary and at reasonable cost, if at any
time the area in which any improvements located on any Mortgaged Property is
designated a “flood hazard area” in any Flood Insurance Rate Map published by
the Federal Emergency Management Agency (or any successor agency), and otherwise
comply with the National Flood Insurance Program as set forth in the Flood
Disaster Protection Act of 1973, as amended from time to time.
SECTION 5.03    Taxes. Pay and discharge when due all Taxes imposed upon it or
upon its income or profits or in respect of its property, before the same shall
become overdue by more than 45 days; provided, however, that such payment and
discharge shall not be required with respect to any such Tax (i) so long as the
validity or amount thereof is being contested in good faith by appropriate
proceedings diligently conducted and with respect to which adequate reserves in
accordance with GAAP have been established or (ii) with respect to which the
failure to pay or discharge could not reasonably be expected, individually or in
the aggregate, to have a Material Adverse Effect.
SECTION 5.04    Financial Statements, Reports, etc. Furnish to the
Administrative Agent (who will distribute to each Lender):
(a)    as soon as available, but in any event not later than the fifth Business
Day after the 90th day following the end of each fiscal year of the Parent
Borrower, (i) its consolidated balance sheet and related statements of income,
stockholders’ equity and cash flows showing the financial condition of the
Parent Borrower and its consolidated subsidiaries as of the close of such fiscal
year and the results of its operations and the operations of such Persons during
such year, together with comparative figures for the immediately preceding
fiscal year, all in reasonable detail and prepared in accordance with GAAP, all
audited by KPMG LLP or other independent public accountants of recognized
national standing and (ii) an opinion of such accountants (which opinion shall
be without a “going concern” or like qualification or exception and without any
qualification or exception as to the scope of such audit (other than a “going
concern” qualification that is solely as a result of (i) current debt maturity
of any Indebtedness scheduled to mature within one year from the date of
delivery of such opinion or (ii) any actual (except in the case of the Revolving
Credit Facility and the Tranche A Term Loans) or prospective inability to
satisfy the covenant under Section 6.11 or any financial covenant that becomes
applicable to the Loans pursuant to Section 2.24(e), Section 2.25(a) or the
definition of “Credit Agreement Refinancing Indebtedness”) to the effect that
such consolidated financial statements fairly present the financial condition
and results of operations of the Parent Borrower and its consolidated
subsidiaries on a consolidated basis in accordance with GAAP;
(b)    as soon as available, but in any event not later than the fifth Business
Day after the 45th day following the end of each of the first 3 fiscal quarters
of each fiscal year of the Parent Borrower, its consolidated balance sheet and
related statements of income, stockholders’ equi-

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ty and cash flows showing the financial condition of the Parent Borrower and its
consolidated subsidiaries as of the close of such fiscal quarter and the results
of its operations and the operations of such Persons during such fiscal quarter
and the then elapsed portion of the fiscal year, and for each fiscal quarter
occurring after the first anniversary of the Closing Date, comparative figures
for the same periods in the immediately preceding fiscal year, all certified by
one of its Financial Officers as fairly presenting in all material respects the
financial condition and results of operations of the Parent Borrower 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)    concurrently with any delivery of Section 5.04 Financials, a certificate
of a Financial Officer of the Parent Borrower (i) certifying that to such
Financial Officer’s knowledge, no Event of Default has occurred and is
continuing or, if such an Event of Default has occurred and is continuing,
reasonably specifying the nature thereof, (ii) setting forth (x) to the extent
applicable, computations in reasonable detail demonstrating the First Lien Net
Leverage Ratio and the Total Net Leverage Ratio as of the date of such financial
statements and (y) in the case of a certificate delivered with the financial
statements required by paragraph (a) above (commencing with the fiscal year
ended December 31, 2016), setting forth the Parent Borrower’s calculation of
Excess Cash Flow;
(d)    as soon as available, but in any event not later than the fifth Business
Day after the 90th day after the commencement of each fiscal year of the Parent
Borrower, copy of the projections by the Parent Borrower of the operating budget
and cash flow budget of the Parent Borrower and its subsidiaries for such fiscal
year, such projections to be accompanied by a certificate of a Financial Officer
of the Parent Borrower to the effect that such Financial Officer believes such
projections to have been prepared on the basis of reasonable assumptions;
(e)    simultaneously with the delivery of any Section 5.04 Financials, the
related consolidating financial statements reflecting the adjustments necessary
to eliminate the accounts of Unrestricted Subsidiaries from such consolidated
financial statements (but only to the extent such Unrestricted Subsidiaries
would not be considered “minor” under Rule 3-10 of Regulation S-X under the
Securities Act);
(f)    simultaneously with the delivery of any Section 5.04 Financials,
management’s discussion and analysis of the important operational and financial
developments of the Parent Borrower and its Restricted Subsidiaries during the
respect fiscal year or fiscal quarter, as the case may be;
(g)    to the extent not previously delivered to the Administrative Agent, after
the request by any Lender (through the Administrative Agent), all documentation
and other information that such Lender reasonably requests in order to comply
with its ongoing obligations under applicable “know your customer” and
anti-money laundering rules and regulations, including the USA PATRIOT Act; and
(h)    promptly, from time to time, such other information regarding the
operations, business, legal or corporate affairs and financial condition of any
Loan Party or any Restricted Subsidiary, or compliance with the terms of any
Loan Document, as the Administrative Agent or any Lender (through the
Administrative Agent) may reasonably request.
In addition, at any time a direct or indirect parent company of the Parent
Borrower is subject to the reporting requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934 or otherwise

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reports on an annual and quarterly basis on forms provided for such annual and
quarterly reporting pursuant to rules and regulations promulgated by the SEC,
the reports, information and other documents required to be delivered pursuant
to Section 5.04(a), 5.04(b) and 5.04(f) may, at the option of the Parent
Borrower, be delivered and be those of such parent company rather than the
Parent Borrower; provided that the same is accompanied by consolidating
information that explains in reasonable detail any material differences between
the information relating to such parent company, on the one hand, and the
information relating to the Parent Borrower and its Restricted Subsidiaries on a
standalone basis, on the other hand; provided, further, that to the extent such
information is in lieu of information required to be provided under Section
5.04(a), such materials are accompanied by an opinion of KPMG LLP or other
independent public accountants of recognized national standing on the annual
financial statements of such parent company (which opinion shall be prepared in
accordance with generally accepted auditing standards and shall be without a
“going concern” or like qualification or exception and without any qualification
or exception as to the scope of such audit (other than a “going concern”
qualification that is solely as a result of (i) current debt maturity of any
Indebtedness scheduled to mature within one year from the date of delivery of
such opinion or (ii) any actual (except in the case of the Revolving Credit
Facility and the Tranche A Term Loans) or prospective inability to satisfy the
covenant under Section 6.11)).
Information required to be delivered pursuant to this Section 5.04 shall be
deemed to have been delivered if such information, or one or more annual or
quarterly reports containing such information, shall have been posted by the
Administrative Agent on a SyndTrak, IntraLinks or similar site to which the
Lenders have been granted access (the “Platform”) or shall be available on the
website of the Securities and Exchange Commission at http://www.sec.gov or on
the website of the Parent Borrower. Information required to be delivered
pursuant to this Section 5.04 may also be delivered by electronic communications
pursuant to procedures approved by the Administrative Agent. Each Lender shall
be solely responsible for timely accessing posted documents and maintaining its
copies of such documents.
The Parent Borrower hereby acknowledges that (a) the Administrative Agent will
make available to the Issuing Banks and the Lenders materials and/or information
provided by or on behalf of the Parent Borrower hereunder (collectively,
“Borrower Materials”) by posting the Borrower Materials on the Platform and (b)
certain of the Lenders (each, a “Public Lender”) may have personnel who do not
wish to receive material non-public information with respect to Holdings and its
subsidiaries, or the respective securities of any of the foregoing, and who may
be engaged in investment and other market-related activities with respect to
such Persons’ securities. The Parent Borrower hereby agrees that it will use
commercially reasonable efforts to identify that portion of the Borrower
Materials that may be distributed to the Public Lenders and that (w) all such
Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at
a minimum, shall mean that the word “PUBLIC” shall appear prominently on the
first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Parent
Borrower shall be deemed to have authorized the Administrative Agent, the
Issuing Banks and the Lenders to treat such Borrower Materials as not containing
any material non-public information (although it may be sensitive and
proprietary) with respect to the Parent Borrower or its securities for purposes
of United States Federal and state securities laws (provided, however, that to
the extent such Borrower Materials constitute Information, they shall be treated
as set forth in Section 9.16); (y) all Borrower Materials marked “PUBLIC” are
permitted to be made available through a portion of the Platform designated
“Public Investor”; and (z) the Administrative Agent shall be entitled to treat
any Borrower Materials that are not marked “PUBLIC” as being suitable only for
posting on a portion of the Platform not designated “Public Investor.”

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SECTION 5.05    Notices. Promptly upon any Responsible Officer of the Parent
Borrower becoming aware thereof, furnish to the Administrative Agent notice of
the following:
(a)    the occurrence of any Event of Default (except to the extent the
Administrative Agent shall have previously delivered or furnished to the Parent
Borrower a written notice of such Event of Default);
(b)    the occurrence of any event that has had, or could reasonably be expected
to have, a Material Adverse Effect; and
(c)    the designation of a subsidiary as an Unrestricted Subsidiary.
SECTION 5.06    Information Regarding Collateral. Furnish to the Administrative
Agent notice of any change on or prior 60 days following the occurrence of such
change (i) in any Loan Party’s legal name, (ii) in the jurisdiction of
organization or formation of any Loan Party or (iii) in any Loan Party’s
identity or corporate structure; provided that the inclusion of such information
in any Section 5.04 Financials or Pricing Certificate delivered following such
change and on or prior to the 60th day following the occurrence of such change
shall satisfy the requirements of this Section 5.06 in respect of such change.
SECTION 5.07    Maintaining Records; Access to Properties and Inspections. Keep
proper books of record and account in which full, true and correct entries in
conformity with GAAP are made. Permit any representatives designated by the
Administrative Agent or any Lender to visit and inspect during normal business
hours the corporate, financial and operating records and the properties of the
Parent Borrower or the Restricted Subsidiaries upon reasonable advance notice,
and to make extracts from and copies of such records, and permit any such
representatives to discuss the affairs, finances and condition of such Person
with the officers thereof and independent accountants therefor; provided that
the Administrative Agent shall give the Parent Borrower an opportunity to
participate in any discussions with its accountants; provided, further, that in
the absence of the existence of an Event of Default, (i) only the Administrative
Agent on behalf of the Lenders may exercise the rights of the Administrative
Agent and the Lenders under this Section 5.07 and (ii) the Administrative Agent
shall not exercise its rights under this Section 5.07 more often than two times
during any fiscal year and only one such time shall be at the Parent Borrower’s
expense; provided, further, that when an Event of Default exists, the
Administrative Agent or any Lender and their respective designees may do any of
the foregoing at the expense of the Parent Borrower at any time during normal
business hours and upon reasonable advance notice.
SECTION 5.08    Use of Proceeds. The proceeds of the initial Term Loans shall be
used solely to repay the Existing Debt and to pay Transaction Expenses. The
proceeds of the Revolving Loans and Swingline Loans, shall be used for working
capital, general corporate purposes and any other purpose not prohibited by this
Agreement. The Letters of Credit shall be used solely to support obligations of
the Parent Borrower and its subsidiaries incurred for working capital, general
corporate purposes and any other purpose not prohibited by this Agreement.
SECTION 5.09    Further Assurances.
(a)From time to time duly authorize, execute and deliver, or cause to be duly
authorized, executed and delivered, such additional instruments, certificates,
financing statements, agreements or documents, and take all reasonable actions
(including filing UCC and other financing statements but subject to the
limitations set forth in the Security Documents), as the Administrative Agent or
the Collateral Agent may reasonably request, for the purposes of perfecting the
rights of the Administrative Agent, the Collateral Agent and the Secured Parties
with respect to the Collateral (or with respect to any additions thereto or
replacements or proceeds or products thereof or with respect to any other
property or assets hereafter

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acquired by the Parent Borrower or any other Loan Party which may be deemed to
be part of the Collateral) pursuant hereto or thereto.
(b)With respect to any assets acquired by any Loan Party after the Closing Date
of the type constituting Collateral under the Guarantee and Collateral Agreement
or other Security Documents and as to which the Collateral Agent, for the
benefit of the Secured Parties, does not have a perfected first priority
(subject only to Permitted Liens, to the extent any such Permitted Liens would
have priority over the Liens in favor of the Administrative Agent pursuant to
any applicable law) security interest, on or prior to the later to occur of (i)
45 days following such acquisition and (ii) the earlier of the date of the
required delivery of the Pricing Certificate following the date of such
acquisition and the date which is 45 days after the end of the most recently
ended fiscal quarter (or such longer period as to which the Administrative Agent
may consent), (x) execute and deliver to the Administrative Agent and the
Collateral Agent such amendments to the Guarantee and Collateral Agreement or
such other Security Documents as the Administrative Agent deems necessary to
grant to the Collateral Agent, for the benefit of the Secured Parties, a
security interest in such assets and (y) take all commercially reasonable
actions necessary to grant to, or continue on behalf of, the Collateral Agent,
for the benefit of the Secured Parties, a perfected first priority security
interest in such assets (subject only to Permitted Liens, to the extent any such
Permitted Liens would have priority over the Liens in favor of the
Administrative Agent pursuant to any applicable law), including the filing of
UCC financing statements in such jurisdictions as may be required by the
Guarantee and Collateral Agreement or other Security Documents or as may be
reasonably requested by the Administrative Agent or the Collateral Agent.
(c)With respect to any wholly owned Restricted Subsidiary (other than a Foreign
Subsidiary or an Excluded Subsidiary) created or acquired after the Closing
Date, on or prior to the later to occur of (i) 45 days following the date of
such creation or acquisition and (ii) the earlier of the date of the required
delivery of the Pricing Certificate following such creation, cessation or
acquisition and the date which is 45 days after the end of the most recently
ended fiscal quarter (or such longer period as to which the Administrative Agent
may consent), (x) execute and deliver to the Administrative Agent and the
Collateral Agent such amendments to the Guarantee and Collateral Agreement as
the Administrative Agent deems necessary to grant to the Collateral Agent, for
the benefit of the relevant Secured Parties, a valid, perfected first priority
(subject only to Permitted Liens, to the extent any such Permitted Liens would
have priority over the Liens in favor of the Administrative Agent pursuant to
any applicable law) security interest in the Equity Interests in such new
subsidiary that are owned by any of the Loan Parties to the extent the same
constitute Collateral under the terms of the Guarantee and Collateral Agreement
(provided that, if such new subsidiary is a CFC Holdco, only 65% of the voting
Equity Interests of such new subsidiary shall be pledged by such Loan Party),
(y) deliver to the Collateral Agent the certificates, if any, representing any
of such Equity Interests that constitute certificated securities, together with
undated stock powers, in blank, executed and delivered by a duly authorized
officer of the pledgor and (z) cause such Restricted Subsidiary (A) to become a
party to the Guarantee and Collateral Agreement, to the extent applicable, each
Intellectual Property Security Agreement and (B) to take such actions necessary
for such Restricted Subsidiary to guaranty the Obligations and to grant to the
Collateral Agent, for the benefit of the Secured Parties, a perfected first
priority (subject only to Permitted Liens, to the extent any such Permitted
Liens would have priority over the Liens in favor of the Administrative Agent
pursuant to any applicable law) security interest in any assets required to be
Collateral pursuant to the Guarantee and Collateral Agreement and each
Intellectual Property Security Agreement with respect to such Restricted
Subsidiary, including, if applicable, the recording of instruments in the United
States Patent and Trademark Office and the United States Copyright Office and
the filing of UCC financing statements in such jurisdictions as may be required
by the Guarantee and Collateral Agreement, any applicable Intellectual Property
Security Agreement or as may be reasonably requested by the Administrative Agent
or the Collateral Agent.

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(d)With respect to any Equity Interests in any Foreign Subsidiary that are
acquired after the Closing Date by any Loan Party (including as a result of
formation of a new Foreign Subsidiary), on or prior to the later to occur of (i)
45 days following the date of such acquisition and (ii) the earlier of the date
of the required delivery of the Pricing Certificate following the date of such
acquisition and the date which is 45 days after the end of the most recently
ended fiscal quarter (or such longer period as to which the Administrative Agent
may consent), (x) execute and deliver to the Administrative Agent and the
Collateral Agent such amendments to the Guarantee and Collateral Agreement as
the Administrative Agent reasonably deems necessary in order to grant to the
Collateral Agent, for the benefit of the relevant Secured Parties, a perfected
first priority security interest (subject only to Permitted Liens, to the extent
any such Permitted Liens would have priority over the Liens in favor of the
Administrative Agent pursuant to any applicable law) in the Equity Interests in
such Foreign Subsidiary that are owned by the Loan Parties to the extent the
same constitutes Collateral under the terms of the Guarantee and Collateral
Agreement (provided that, (A) with respect to any Collateral in respect of any
Domestic Obligations, only first-tier Foreign Subsidiaries owned directly by
such Loan Party shall be pledged by such Loan Party, (B) 100% of the voting
Equity Interests of such Foreign Subsidiary described in clause (A) shall be
pledged by such Loan Party (provided that only 65% of such voting Equity
Interests shall secure the Domestic Obligations) and (C) in the case of any
Equity Interests of any Foreign Subsidiaries owned by a Foreign Subsidiary
Borrower, only first-tier Foreign Subsidiaries owned directly by such Borrower
shall be pledged and such Equity Interests shall secure only such Borrower’s
Obligations) and (y) deliver to the Collateral Agent any certificates
representing any such Equity Interests that constitute certificated securities,
together with undated stock powers, in blank, executed and delivered by a duly
authorized officer of the pledgor, as the case may be, and take such other
action as may be reasonably requested by the Administrative Agent or the
Collateral Agent to perfect the security interest of the Collateral Agent
thereon (but subject to the limitations set forth in the Security Documents).
(e)With respect to any Foreign Subsidiary designated as a Foreign Subsidiary
Borrower, the Parent Borrower shall cause such Foreign Subsidiary to take all
actions contemplated by Section 9.08(g).
(f)If, at any time and from time to time after the Closing Date, any
wholly-owned Domestic Subsidiary ceases to constitute an Immaterial Subsidiary
in accordance with the definition of “Immaterial Subsidiary” and does not
otherwise constitute an Excluded Subsidiary or ceases to constitute an Excluded
Subsidiary in accordance with the definition of “Excluded Subsidiary”, then the
Parent Borrower shall within 45 days (or such longer period as may be agreed by
the Administrative Agent) of such Person ceases to constitute an Immaterial
Subsidiary or Excluded Subsidiary cause such subsidiary to become an additional
Loan Party and take all the actions contemplated by Section 5.09(c) as if such
subsidiary were a newly-formed wholly-owned Domestic Subsidiary of the Parent
Borrower.
(g)With respect to any fee interest in any real property located in the United
States with a book value in excess of $10,000,000 (as reasonably estimated by
the Parent Borrower) acquired after the Closing Date by any Loan Party, within
90 days following the date of such acquisition (or such longer period as to
which the Administrative Agent may consent) (i) execute and deliver Mortgages in
favor of the Collateral Agent, for the benefit of the Secured Parties, covering
such real property and complying with the provisions herein and in the Security
Documents and (ii) comply with the requirements of Section 5.10 with respect to
any Mortgages to be provided after the Closing Date pursuant to such Schedule.
(h)Furthermore, to the extent Indebtedness outstanding under the Loans shall at
any time be greater than the amount originally set forth in any Mortgage on any
Mortgaged Property located in the State of New York or to the extent otherwise
required by law to grant, preserve, protect or perfect the Liens created by such
Mortgage and the validity or priority thereof, the Parent Borrower will, and
will cause each of its applicable subsidiaries to, promptly take all such
further actions including the payment of any additional mortgage recording
taxes, fees, charges, costs and expenses required so to grant, pre-

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serve, protect or perfect the Liens created by such Mortgage to the maximum
amount of Indebtedness by its terms secured thereby and the validity or priority
of any such Lien.
Notwithstanding anything to the contrary in this Section 5.09 or any other
Security Document (1) the Collateral Agent shall not require the taking of a
Lien on, or require the perfection of any Lien granted in, those assets as to
which the cost of obtaining or perfecting such Lien (including any mortgage,
stamp, intangibles or other tax or expenses relating to such Lien) is excessive
in relation to the benefit to the Lenders of the security afforded thereby as
reasonably determined by the Parent Borrower and the Administrative Agent and
(2) Liens required to be granted pursuant to this Section 5.09 shall be subject
to exceptions and limitations consistent with those set forth in the Security
Documents as in effect on the Closing Date (to the extent appropriate in the
applicable jurisdiction).
SECTION 5.10    Post-Closing Obligations.
(a)The Collateral Agent shall have received not later than 90 days after the
Closing Date (unless extended by the Administrative Agent in its sole
discretion):
(i)a Mortgage encumbering each Mortgaged Property in favor of the Collateral
Agent, for the benefit of the Secured Parties, duly executed and acknowledged by
each Loan Party that is the owner of or holder of any interest in such Mortgaged
Property, and otherwise in form for recording in the recording office of each
applicable political subdivision where each such Mortgaged Property is situated,
together with such certificates, affidavits, questionnaires or returns as shall
be required in connection with the recording or filing thereof to create a lien
under applicable Requirements of Law, and such financing statements and any
other instruments necessary to grant a mortgage lien under the laws of any
applicable jurisdiction, all of which shall be in form and substance reasonably
satisfactory to the Collateral Agent:
(ii)with respect to each Mortgaged Property, such consents, approvals,
amendments, supplements, estoppels, tenant subordination agreements or other
instruments as necessary to consummate the Transactions or as shall reasonably
be deemed necessary by the Collateral Agent in order for the owner or holder of
the fee interest constituting such Mortgaged Property to grant the Lien
contemplated by the Mortgage with respect to such Mortgaged Property;
(iii)with respect to each Mortgage, a policy of title insurance (or marked up
title insurance commitment having the effect of a policy of title insurance)
insuring the Lien of such Mortgage as a valid first mortgage Lien on the
Mortgaged Property and fixtures described therein in the amount reasonably
acceptable to the Collateral Agent, which policy (or such marked-up commitment)
(each, a “Title Policy”) shall (A) be issued by the Title Company reasonably
acceptable to the Collateral Agent, (B) to the extent necessary and available,
include such reinsurance arrangements (with provisions for direct access, if
necessary) as shall be reasonably acceptable to the Collateral Agent, (C)
contain a “tie-in” or “cluster” endorsement, if available under applicable law
(i.e., policies which insure against losses regardless of location or allocated
value of the insured property up to a stated maximum coverage amount), (D) have
been supplemented by such endorsements (or where such endorsements are not
available, opinions of special counsel, architects or other professionals
reasonably acceptable to the Collateral Agent) as shall be reasonably requested
by the Collateral Agent (including endorsements on matters relating to usury,
first loss, last dollar, zoning, contiguity, revolving credit, doing business,
non-imputation, public road access, survey, variable rate, environmental lien,
subdivision, mortgage recording tax, separate tax lot, revolving credit, and
so-called comprehensive coverage over covenants and restrictions), and (E)
contain no exceptions to title other than Permitted Liens and such other
exceptions reasonably acceptable to the Collateral Agent;

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(iv)with respect to each Mortgaged Property, such affidavits, certificates,
information (including financial data) and instruments of indemnification
(including a so-called “gap” indemnification) as shall be required to induce the
Title Company to issue the title policies and endorsements contemplated above;
(v)evidence reasonably acceptable to the Collateral Agent of payment by the
Parent Borrower of all title policy premiums, search and examination charges,
escrow charges and related charges, mortgage recording taxes, fees, charges,
costs and expenses required for the recording of the Mortgages and issuance of
the title policies referred to above;
(vi)with respect to each Mortgaged Property, copies of all leases in which the
Parent Borrower or any Restricted Subsidiary holds the lessor’s interest or
other agreements relating to possessory interests if any;
(vii)Surveys with respect to each Mortgaged Property; provided that, if the
Parent Borrower is able to obtain a “no change” affidavit acceptable to the
Title Company to enable it to issue a Title Policy removing all survey
exceptions and issuing all survey related endorsements, then a new Survey shall
not be requested;
(viii)with respect to each Mortgage, opinions addressed to the Collateral Agent
and the Secured Parties, of local counsel in each jurisdiction (i) where a
Mortgaged Property is located and (ii) where the applicable Loan Party granting
the Mortgage on said Mortgaged Property is organized, regarding the due
execution and delivery and enforceability of each such Mortgage, the corporate
formation, existence and good standing of the applicable Loan Party, and such
other matters as may be reasonably requested by the Collateral Agent, each in
form and substance reasonably satisfactory to the Collateral Agent;
(ix)a completed “Life-of-Loan” Federal Emergency Management Agency standard
flood hazard determination with respect to each Mortgaged Property (together
with a notice about special flood hazard area status and flood disaster
assistance duly executed by the Parent Borrower and each Loan Party relating
thereto); and
(x)if applicable, a copy of, or a certificate as to coverage under, and a
declaration page relating to, the flood insurance policies required by
Section 5.02(b) which shall (a) identify the addresses of each property located
in a special flood hazard area, (b) indicate the applicable flood zone
designation, the flood insurance coverage and the deductible relating thereto
and (c) provide that the insurer will give the Collateral Agent 45 days (or such
shorter period as may be agreed by the Collateral Agent) written notice of
cancellation or non-renewal and (d) be otherwise in form and substance
satisfactory to the Administrative Agent.
(b)Not later than 10 days after the Closing Date (unless extended by the
Administrative Agent in its sole discretion), the Collateral Agent shall have
received an endorsement to the general liability insurance certificate and
property insurance certificate in form and substance reasonable satisfactory to
it.
SECTION 5.11    Designation of Subsidiaries.
(a)The Parent Borrower may designate any subsidiary (including any existing
subsidiary and any newly acquired or newly formed subsidiary, but excluding any
Foreign Subsidiary Borrower) to be an Unrestricted Subsidiary unless such
subsidiary or any of its subsidiaries owns any Equity Interests or Indebtedness
of, or owns or holds any Lien on, any property of, the Parent Borrower or any
Restricted

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Subsidiary (other than solely any Unrestricted Subsidiary of the subsidiary to
be so designated); provided that:
(i)any Unrestricted Subsidiary must be an entity of which the Equity Interests
entitled to cast at least a majority of the votes that may be cast by all Equity
Interests having ordinary voting power for the election of directors or Persons
performing a similar function are owned, directly or indirectly, by the Parent
Borrower;
(ii)such designation complies with the covenants described in Section 6.03(c);
(iii)no Event of Default shall have occurred and be continuing; and
(iv)each of:
(I)the subsidiary to be so designated; and
(II)its subsidiaries
has not at the time of designation, and does not thereafter, incur any
Indebtedness pursuant to which the lender has recourse to any of the assets of
the Parent Borrower or any Restricted Subsidiary. Furthermore, no subsidiary may
be designated as an Unrestricted Subsidiary hereunder unless it is also
designated as an “Unrestricted Subsidiary” for purposes of the Existing Senior
Notes or any Junior Financing.
(b)The Parent Borrower may designate any Unrestricted Subsidiary to be a
Restricted Subsidiary; provided that, (i) such designation shall constitute (x)
the incurrence at the time of designation of any Investment, Indebtedness or
Liens of such subsidiary existing at such time and (y) a return on any
Investment by the Parent Borrower in Unrestricted Subsidiaries pursuant to the
preceding sentence in an amount equal to the fair market value as determined in
good faith by the Parent Borrower at the date of such designation and (ii)
immediately after giving effect to such designation, no Event of Default shall
have occurred and be continuing and either, in each case on a pro forma basis
taking into account such designation.
Any such designation by the Parent Borrower shall be notified by the Parent
Borrower to the Administrative Agent by promptly filing with the Administrative
Agent a copy of the resolution of the board of directors of the Parent Borrower
or any committee thereof giving effect to such designation and an Officer’s
Certificate certifying that such designation complied with the foregoing
provisions.
SECTION 5.12    Maintenance of New York Process Agent. In the case of any
Foreign Subsidiary Borrower, maintain in New York, New York or at such other
location in the United States of America as may be reasonably satisfactory to
the Administrative Agent a Person acting as agent to receive on its behalf and
on behalf of its property service of process and capable of discharging the
functions of the New York Process Agent set forth in Section 9.15(e).
ARTICLE VI
Negative Covenants
The Borrowers covenant and agree that, until the Termination Date, the Borrowers
will not, nor will they cause or permit any of the Restricted Subsidiaries to:

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SECTION 6.01    Limitation on Incurrence of Indebtedness and Issuance of
Disqualified Stock and Preferred Stock.
(a)Directly or indirectly, create, incur, issue, assume, guarantee or otherwise
become directly or indirectly liable, contingently or otherwise (collectively,
“incur” and collectively, an “incurrence”) with respect to any Indebtedness
(including Acquired Indebtedness) and the Parent Borrower and the Restricted
Guarantors will not issue any shares of Disqualified Stock and will not permit
any Restricted Subsidiary that is not a Guarantor to issue any shares of
Disqualified Stock or Preferred Stock; provided, however, that the Parent
Borrower and the Restricted Guarantors may incur Indebtedness (including
Acquired Indebtedness) or issue shares of Disqualified Stock, and any Restricted
Subsidiary that is not a Guarantor may incur Indebtedness (including Acquired
Indebtedness), issue shares of Disqualified Stock and issue shares of Preferred
Stock, if (i) the Total Net Leverage Ratio at the time such additional
Indebtedness is incurred or such Disqualified Stock or Preferred Stock is issued
would have been no greater than 6.00 to 1.00, determined on a pro forma basis
(including a pro forma application of the net proceeds therefrom, but excluding
the cash proceeds therefrom for purposes of netting), as if the additional
Indebtedness had been incurred, or the Disqualified Stock or Preferred Stock had
been issued, as the case may be, and the application of proceeds therefrom had
occurred at the beginning of the most recently ended four fiscal quarters for
which Section 5.04 Financials have been delivered to the Administrative Agent
and (ii) except in connection with an issuance of securities (or bridge loans
incurred in anticipation of an issuance of securities), no Event of Default
shall have occurred and be continuing or would occur as a consequence thereof
(or, in the case of any Indebtedness incurred under this Section 6.01(a) to
finance a Limited Condition Acquisition, no Event of Default (as determined in
accordance with Section 1.11(d)) shall exist on the LCA Test Date and no
Specified Default shall exist on the date that such Indebtedness is incurred);
provided, further, that any incurrence of Indebtedness or issuance of
Disqualified Stock or Preferred Stock by a Restricted Subsidiary that is not a
Guarantor pursuant to this paragraph (a) is subject to the limitations of
paragraph (g) below.
(b)The limitations set forth in clause (a) will not apply to the following
items:
(i)the Indebtedness under the Loan Documents (including any Incremental Term
Loans or increase in the Revolving Credit Commitments under Section 2.24) of the
Parent Borrower or any of its Restricted Subsidiaries (including letters of
credit, bank guarantees and bankers’ acceptances thereunder);
(ii)Indebtedness of the Parent Borrower and the Subsidiary Guarantors issued or
incurred in lieu of a Credit Increase that is secured by Liens on the Collateral
(and no other assets, except as permitted by the applicable intercreditor
agreement) ranking pari passu with or junior to the Liens securing the
Obligations or unsecured (“Incremental Equivalent Debt”); provided that (i) the
aggregate principal amount of all such Incremental Equivalent Debt incurred
pursuant to this clause plus the aggregate principal amount of Credit Increases
shall not exceed the Incremental Cap at the time such Incremental Equivalent
Debt is incurred, (ii) the incurrence of such Indebtedness shall be subject to
the same principal amount limitations applicable to the incurrence of Credit
Increases set forth in Sections 2.24(a), (iii) except in the case of
Indebtedness in the form of a bridge loan intended to be refinanced with a
securities offering the maturity date of which provides for an automatic
extension of the maturity date thereof, subject to customary conditions, to a
date that is not earlier than the then latest Term Loan Maturity Date, such
Indebtedness shall not mature earlier than the then latest Term Loan Maturity
Date, (iv) except in the case of Indebtedness in the form of a bridge loan
intended to be refinanced with a securities offering the maturity date of which
provides for an automatic extension of the maturity date thereof, subject to
customary conditions, to a date that is not earlier than the then latest Term
Loan Maturity Date, such Indebtedness shall have a Weighted Average Life to
Maturity not shorter than the re-

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maining Weighted Average Life to Maturity of the Term Loans with the then latest
Term Loan Maturity Date, (v) solely with respect to Incremental Equivalent Debt
(A) secured by Liens on the Collateral ranking pari passu with the Liens
securing the Obligations and (B) not in the form of securities (including
Registered Equivalent Notes) or a bridge credit agreement intended to be
refinanced with an issuance of securities, such Incremental Equivalent Debt
shall be subject to the MFN Adjustment and (vi) and any such Incremental
Equivalent Debt that ranks junior to the Liens securing the Obligations or is
unsecured shall be deemed to be secured on a pari passu basis with the
Obligations for purposes of clause (y) of the Incremental Cap (clauses (i)
through (vi) above, the “Incremental Equivalent Debt Conditions”);
(iii)Indebtedness of the Parent Borrower and its Restricted Subsidiaries in
existence on the Closing Date (other than Indebtedness described in clauses
(b)(i) and (b)(xx) of this Section 6.01) and set forth in all material respects
on Schedule 6.01 (including the Existing Intercompany Debt);
(iv)Indebtedness (including Capitalized Lease Obligations), Disqualified Stock
and Preferred Stock incurred by the Parent Borrower or any of its Restricted
Subsidiaries, to finance the purchase, construction, lease or improvement of
property (real or personal) or equipment that is used or useful in the business
of the Parent Borrower and its Restricted Subsidiaries, whether through the
direct purchase of assets or the Capital Stock of any Person owning such assets
in an aggregate principal amount, together with any Refinancing Indebtedness in
respect thereof and all other Indebtedness, Disqualified Stock and/or Preferred
Stock incurred and outstanding under this clause (iv), not to exceed the greater
of $50,000,000 and 1.25% of Total Assets at any time outstanding; so long as
such Indebtedness exists at the date of such purchase, lease or improvement, or
is created within 270 days thereafter;
(v)Indebtedness incurred by the Parent Borrower or any Restricted Subsidiary
constituting reimbursement obligations with respect to bankers’ acceptances,
bank guarantees, and letters of credit issued in the ordinary course of
business, including without limitation bankers’ acceptances, bank guarantees,
and letters of credit or bank guarantee in respect of workers’ compensation
claims, health, disability or other employee benefits or property, casualty or
liability insurance or self-insurance or other Indebtedness with respect to
reimbursement type obligations regarding workers’ compensation claims; provided,
however, that upon the drawing of such bankers’ acceptances, bank guarantees and
letters of credit or the incurrence of such Indebtedness, such obligations are
reimbursed within 45 days following such drawing or incurrence;
(vi)Indebtedness arising from agreements of the Parent Borrower or a Restricted
Subsidiary providing for indemnification, adjustment of purchase price,
earn-outs or similar obligations, in each case, incurred or assumed in
connection with the acquisition or disposition or acquisition of any business,
assets or a subsidiary, other than guarantees of Indebtedness incurred by any
Person acquiring all or any portion of such business, assets or a subsidiary for
the purpose of financing such acquisition or disposition; provided, however,
that such Indebtedness is not reflected on the balance sheet (other than by
application of Financial Accounting Standards Codification Topic 460 —
Guarantees (ASC 460) as a result of an amendment to an obligation in existence
on the Closing Date) of the Parent Borrower or any Restricted Subsidiary
(contingent obligations referred to in a footnote to financial statements and
not otherwise reflected on the balance sheet will not be deemed to be reflected
on such balance sheet for purposes of this clause (vi));
(vii)Indebtedness of (A) the Parent Borrower to any Restricted Subsidiary and
(B) any Restricted Subsidiary to the Parent Borrower or to any other Restricted
Subsidiary; provided that any such Indebtedness owing by the Parent Borrower or
a Guarantor to a Restricted

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Subsidiary that is not a Guarantor is expressly subordinated in right of payment
to the Obligations; provided, further, that any subsequent issuance or transfer
of any Capital Stock or any other event which results in any Restricted
Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent
transfer of any such Indebtedness (except to the Parent Borrower or another
Restricted Subsidiary or any pledge of such Indebtedness constituting a
Permitted Lien) shall be deemed, in each case, to be an incurrence of such
Indebtedness not permitted by this clause (vii);
(viii)shares of Preferred Stock of a Restricted Subsidiary issued to the Parent
Borrower or another Restricted Subsidiary, provided, that any subsequent
issuance or transfer of any Capital Stock or any other event which results in
any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any
other subsequent transfer of any such shares of Preferred Stock (except to the
Parent Borrower or a Restricted Subsidiary) shall be deemed in each case to be
an issuance of such shares of Preferred Stock not permitted by this clause
(viii);
(ix)Hedging Obligations (excluding Hedging Obligations entered into for
speculative purposes) and Cash Management Obligations;
(x)obligations in respect of customs, stay, performance, bid, appeal and surety
bonds and other similar types of bonds and performance and completion guarantees
and other obligations of a like nature provided by the Parent Borrower or any of
its Restricted Subsidiaries or obligations in respect of letters of credit or
bank guarantees related thereto, in each case, in the ordinary course of
business or consistent with past practices;
(xi)(A) Indebtedness or Disqualified Stock of the Parent Borrower or any
Restricted Guarantor and Indebtedness, Disqualified Stock or Preferred Stock of
any Restricted Subsidiary that is not a Guarantor in an aggregate principal
amount or liquidation preference equal to 100.0% of the net cash proceeds
received by the Parent Borrower and its Restricted Subsidiaries since
immediately after the Closing Date from the issue or sale of Equity Interests of
the Parent Borrower or cash contributed to the capital of the Parent Borrower
(in each case, other than proceeds of Disqualified Stock or sales of Equity
Interests to, or contributions received from, the Parent Borrower or any of its
subsidiaries) as determined in accordance with paragraphs (c) and (d) of the
definition of “Restricted Payment Applicable Amount” (to the extent such net
cash proceeds or cash have not been applied pursuant to such clauses to make
Restricted Payments or other Investments, payments or exchanges pursuant to of
Section 6.03(b) or to make Permitted Investments (other than Permitted
Investments specified in paragraphs (a) and (c) of the definition thereof)); and
(B) Indebtedness or Disqualified Stock of the Parent Borrower or a Guarantor and
Indebtedness, Disqualified Stock or Preferred Stock of any Restricted Subsidiary
that is not a Guarantor not otherwise permitted hereunder in an aggregate
principal amount or liquidation preference, which when aggregated with the
principal amount and liquidation preference of all other Indebtedness,
Disqualified Stock and Preferred Stock then outstanding and incurred pursuant to
this clause (xi)(B), does not at any one time outstanding exceed the greater of
$100,000,000 and 2.50% of Total Assets (it being understood that any
Indebtedness, Disqualified Stock or Preferred Stock incurred pursuant to this
clause (xi)(B) shall cease to be deemed incurred or outstanding for purposes of
this clause (xi)(B) but shall be deemed incurred for the purposes of
Section 6.01(a) from and after the first date on which the Parent Borrower or
such Restricted Subsidiary could have incurred such Indebtedness, Disqualified
Stock or Preferred Stock under Section 6.01(a) without reliance on this
clause (xi)(B));
(xii)the incurrence by the Parent Borrower or any Restricted Subsidiary of
Indebtedness, Disqualified Stock or Preferred Stock which serves to refund,
replace or refinance any Indebtedness, Disqualified Stock or Preferred Stock
permitted under Section 6.01(a) and clauses

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(iii), (iv), (xi)(A), (xiii), (xviii) and (xx) of this Section 6.01(b) or any
Indebtedness, Disqualified Stock or Preferred Stock issued to so refund, replace
or refinance such Indebtedness, Disqualified Stock or Preferred Stock,
including, in each case, additional Indebtedness, Disqualified Stock or
Preferred Stock incurred to pay accrued interest, premiums (including tender
premiums), defeasance costs and other amounts owing or paid related to such
Indebtedness, Disqualified Stock or Preferred Stock and fees and expenses in
connection therewith and additional Indebtedness in an amount equal to any
unutilized existing commitments with respect thereto so long as such additional
Indebtedness would have been permitted to be borrowed hereunder and shall be
deemed to be a usage of Section 6.01(a) or another clause of this Section
6.01(b) immediately prior thereto (collectively, the “Refinancing Indebtedness”)
prior to its respective maturity; provided that nothing in this clause (xii)
shall limit the ability of the Parent Borrower to incur additional Indebtedness
concurrently as part of the issuance or incurrence of such Refinancing
Indebtedness so long as such additional Indebtedness is otherwise permitted
pursuant to the terms of this Agreement; provided, further, however, that such
Refinancing Indebtedness:
(I)except in the case of Indebtedness in the form of a bridge loan intended to
be refinanced with a securities offering the maturity date of which provides for
an automatic extension of the maturity date thereof, subject to customary
conditions, to a date that is not earlier than the then latest Term Loan
Maturity Date, has a Weighted Average Life to Maturity at the time such
Refinancing Indebtedness is incurred which is not less than the remaining
Weighted Average Life to Maturity of the Indebtedness, Disqualified Stock or
Preferred Stock being refunded or refinanced,
(II)to the extent such Refinancing Indebtedness refinances (1) Indebtedness
subordinated or pari passu to the Obligations, such Refinancing Indebtedness is
subordinated or pari passu to the Obligations at least to the same extent as the
Indebtedness being refinanced or refunded or (2) Disqualified Stock or Preferred
Stock, such Refinancing Indebtedness must be Disqualified Stock or Preferred
Stock, respectively, and
(III)shall not include:
(1)Indebtedness, Disqualified Stock or Preferred Stock of a Restricted
Subsidiary that is not a Guarantor that refinances Indebtedness, Disqualified
Stock or Preferred Stock of the Parent Borrower;
(2)Indebtedness, Disqualified Stock or Preferred Stock of a Restricted
Subsidiary that is not a Guarantor that refinances Indebtedness, Disqualified
Stock or Preferred Stock of a Restricted Guarantor; or
(3)Indebtedness, Disqualified Stock or Preferred Stock of the Parent Borrower or
a Restricted Subsidiary that refinances Indebtedness, Disqualified Stock or
Preferred Stock of an Unrestricted Subsidiary;
provided, further, that any incurrence of Indebtedness or issuance of
Disqualified Stock or Preferred Stock by any Restricted Subsidiary that is not a
Subsidiary Guarantor pursuant to this clause (xii) (solely as it relates to
Indebtedness under clause (xiii) and Section 6.01(a)) shall be subject to the
limitations set forth in Section 6.01(g) to the same extent as the Indebtedness
refinanced;
(xiii)Indebtedness, Disqualified Stock or Preferred Stock (x) of the Parent
Borrower or a Restricted Subsidiary (other than a Foreign Subsidiary) incurred
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Persons (other than foreign Persons) that are acquired by the Parent Borrower or
any Restricted Subsidiary or Persons merged into the Parent Borrower or a
Restricted Subsidiary (other than a Foreign Subsidiary) in accordance with the
terms of this Agreement or (z) that is assumed by the Parent Borrower or any
Restricted Subsidiary (other than a Foreign Subsidiary) in connection with such
acquisition so long as:
(I)except in connection with an issuance of securities (or bridge loans incurred
in anticipation of issuance of securities), no Event of Default exists or shall
result therefrom (or, in the case of any Indebtedness incurred under this
Section 6.01(b)(xiii) to finance a Limited Condition Acquisition, no Event of
Default (as determined in accordance with Section 1.11(d)) shall exist on the
LCA Test Date and no Specified Default shall exist on the date that such
Indebtedness is incurred);
(II)solely in the case of any Indebtedness, Disqualified Stock or Preferred
Stock incurred in reliance on clause (x) above, such Indebtedness, Disqualified
Stock or Preferred Stock shall not mature (and shall not be mandatorily
redeemable in the case of Disqualified Stock of Preferred Stock) or require any
payment of principal (other than in a manner consistent with the terms of the
Existing Senior Notes Documentation), in each case, prior to the date which is
91 days after the latest Term Loan Maturity Date at the time of such incurrence;
(III)any Indebtedness, Disqualified Stock or Preferred Stock incurred in
reliance on clause (y) or (z) above shall not have been incurred in
contemplation of such acquisition;
(IV)after giving pro forma effect to such acquisition or merger either (1) the
Total Net Leverage Ratio is less than or equal to the Total Net Leverage Ratio
immediately prior to such acquisition or merger or (2) the Parent Borrower would
be permitted to incur at least $1.00 of additional Indebtedness pursuant to the
Total Net Leverage Ratio test described in Section 6.01(a);
provided that any incurrence of Indebtedness or issuance of Disqualified Stock
or Preferred Stock by a Restricted Subsidiary that is not a Guarantor pursuant
to this clause (xiii) is subject to the limitations of paragraph (g) below;
(xiv)Indebtedness arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument drawn against insufficient
funds in the ordinary course of business, provided that such Indebtedness is
extinguished within five Business Days of its incurrence;
(xv)Indebtedness of the Parent Borrower or any of its Restricted Subsidiaries
supported by a Letter of Credit in a principal amount not to exceed the face
amount of such Letter of Credit;
(xvi)(A) any guarantee by the Parent Borrower or a Restricted Subsidiary of
Indebtedness or other obligations of any Restricted Subsidiary so long as such
Indebtedness is permitted under this Agreement or such other obligations are not
prohibited by this Agreement, or (B) any guarantee by a Restricted Subsidiary of
Indebtedness or other obligations of the Parent Borrower; provided that, in each
case, (x) such Restricted Subsidiary shall comply with its obligations under
Section 5.09 and (y) in the case of any guarantee of Indebtedness of the Parent
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Subsidiary Guarantor by any Restricted Subsidiary that is not a Subsidiary
Guarantor, such Restricted Subsidiary becomes a Subsidiary Guarantor under this
Agreement;
(xvii)Indebtedness, Disqualified Stock or Preferred Stock of any Foreign
Subsidiary (A) incurred under local credit facilities for general corporate
purposes not exceeding, as to all such Foreign Subsidiaries, the greater of
$100,000,000 and 2.5% of Total Assets in the aggregate at any one time
outstanding or (B) incurred to finance or assumed in connection with the Foreign
Subsidiary Reorganization; provided that any incurrence of Indebtedness or
issuance of Disqualified Stock or Preferred Stock by a Restricted Subsidiary
that is not a Guarantor pursuant to clause (xvii)(B) is subject to the
limitations of paragraph (g) below;
(xviii)Indebtedness, Disqualified Stock or Preferred Stock (x) of a Restricted
Subsidiary that is a Foreign Subsidiary incurred to finance an acquisition,
(y) of foreign Persons that are acquired by the Parent Borrower or any
Restricted Subsidiary or merged into a Restricted Subsidiary that is a Foreign
Subsidiary in accordance with the terms of this Agreement or (z) that is assumed
by a Restricted Subsidiary that is a Foreign Subsidiary in connection with such
acquisition so long as:
(I)except in connection with an issuance of securities (or bridge loans incurred
in anticipation of issuance of securities), no Event of Default exists or shall
result therefrom (or, in the case of any Indebtedness incurred under this
Section 6.01(b)(xviii) to finance a Limited Condition Acquisition, no Event of
Default (as determined in accordance with Section 1.11(d)) shall exist on the
LCA Test Date and no Specified Default shall exist on the date that such
Indebtedness is incurred);
(II)any Indebtedness, Disqualified Stock or Preferred Stock incurred in reliance
on clause (x) above shall not exceed the fair market value of the assets or
Person being acquired (as determined in good faith by the Parent Borrower;
provided that with respect to any acquisition with a fair market value in excess
of $20,000,000, such determination shall be made in good faith by the Board of
Directors of the Parent Borrower);
(III)any Indebtedness, Disqualified Stock or Preferred Stock incurred in
reliance on clause (y) or (z) above shall not have been incurred in
contemplation of such acquisition;
(IV)after giving pro forma effect to such acquisition or merger either (1) the
Total Net Leverage Ratio is less than or equal to the Total Net Leverage Ratio
immediately prior to such acquisition or merger or (2) the Parent Borrower would
be permitted to incur at least $1.00 of additional Indebtedness pursuant to the
Total Net Leverage Ratio test described in Section 6.01(a);
(xix)Indebtedness issued by the Parent Borrower or any of its Restricted
Subsidiaries to future, current or former officers, directors, employees and
consultants thereof or any direct or indirect parent thereof, their respective
estates, heirs, family members, spouses or former spouses, in each case to
finance the purchase or redemption of Equity Interests of the Parent Borrower, a
Restricted Subsidiary or any of their respective direct or indirect parent
companies to the extent described in Section 6.03(b)(iv);
(xx)the Existing Senior Notes;
(xxi)Credit Agreement Refinancing Indebtedness;

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(xxii)cash management obligations and Indebtedness in respect of netting
services, overdraft facilities, employee credit card programs, Cash Pooling
Arrangements or similar arrangements in connection with cash management and
deposit accounts; provided that, with respect to any Cash Pooling Arrangements,
the total amount of all deposits subject to any such Cash Pooling Arrangement at
all times equals or exceeds the total amount of overdrafts that may be subject
to such Cash Pooling Arrangements;
(xxiii)Indebtedness of the Parent Borrower or any of its subsidiaries in respect
of Sale and Lease-Back Transactions;
(xxiv)Indebtedness of the Parent Borrower or any of its subsidiaries incurred to
finance insurance premiums or take or pay obligations contained in supply
agreements, in each case, in the ordinary course of business;
(xxv)Indebtedness representing deferred compensation to employees of any
Borrower or any subsidiary incurred in the ordinary course of business;
(xxvi)Indebtedness, Disqualified Stock or Preferred Stock of the Parent Borrower
or a Restricted Subsidiary incurred to finance or assumed in connection with an
acquisition in a principal amount not to exceed the greater of $75,000,000 and
1.875% of Total Assets in the aggregate at any one time outstanding together
with all other Indebtedness, Disqualified Stock and/or Preferred Stock issued
under this clause (xxvi); provided that any incurrence of Indebtedness or
issuance of Disqualified Stock or Preferred Stock by a Restricted Subsidiary
that is not a Guarantor pursuant to this clause (xxvi) is subject to the
limitations of paragraph (g) below; and
(xxvii)Indebtedness of the Receivables Subsidiaries in connection with
Receivables Facilities;
(c)For purposes of determining compliance with this Section 6.01:
(i)in the event that an item of Indebtedness, Disqualified Stock or Preferred
Stock (or any portion thereof) meets the criteria of more than one of the
categories of permitted Indebtedness, Disqualified Stock or Preferred Stock
described in Section 6.01(b) or is entitled to be incurred pursuant to
Section 6.01(a), the Parent Borrower, in its sole discretion, may classify or
reclassify such item (other than amounts described in clauses (xvii) and (xviii)
of clause (b) above, in the case of a reclassification as an incurrence pursuant
to Section 6.01(a)) of Indebtedness, Disqualified Stock or Preferred Stock (or
any portion thereof) and will only be required to include the amount and type of
such Indebtedness, Disqualified Stock or Preferred Stock in one of the above
permitted clauses, in which case such item of Indebtedness, Disqualified Stock
or Preferred Stock will be treated as having been incurred pursuant to only one
of such categories; and
(ii)at the time of incurrence or permitted reclassification, the Parent Borrower
will be entitled to divide and classify an item of Indebtedness in one or more
types of Indebtedness, Disqualified Stock or Preferred Stock described in
Section 6.01(a) or (b).
(d)The accrual of interest, the accretion of accreted value and the payment of
interest or dividends in the form of additional Indebtedness, Disqualified Stock
or Preferred Stock, as applicable, will not be deemed to be an incurrence of
Indebtedness, Disqualified Stock or Preferred Stock for purposes of this
Section 6.01.

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(e)For purposes of determining compliance with any dollar-denominated
restriction on the incurrence of Indebtedness, the dollar-equivalent principal
amount of Indebtedness denominated in a foreign currency shall be calculated
based on the relevant currency exchange rate in effect on the date such
Indebtedness was incurred, in the case of term debt, or first committed, in the
case of revolving credit debt; provided that if such Indebtedness is incurred to
refinance other Indebtedness denominated in a foreign currency, and such
refinancing would cause the applicable dollar-denominated restriction to be
exceeded if calculated at the relevant currency exchange rate in effect on the
date of such refinancing, such dollar-denominated restriction shall be deemed
not to have been exceeded so long as the principal amount of such refinancing
Indebtedness does not exceed the principal amount of such Indebtedness being
refinanced.
(f)The principal amount of any Indebtedness incurred to refinance other
Indebtedness, if incurred in a different currency from the Indebtedness being
refinanced, shall be calculated based on the currency exchange rate applicable
to the currencies in which such respective Indebtedness is denominated that is
in effect on the date of such refinancing.
(g)Notwithstanding anything to the contrary contained in Section 6.01(a) or (b),
no Restricted Subsidiary of the Parent Borrower that is not a Subsidiary
Guarantor shall incur any Indebtedness or issue any Disqualified Stock or
Preferred Stock in reliance on Section 6.01(a) or (b)(xiii), (b)(xvii)(B), or
(b)(xxvi) (the “Limited Non-Guarantor Debt Exceptions”) if the amount of such
Indebtedness, Disqualified Stock or Preferred Stock, when aggregated with the
amount of all other Indebtedness, Disqualified Stock or Preferred Stock
outstanding under such Limited Non-Guarantor Debt Exceptions, together with any
Refinancing Indebtedness in respect thereof, would exceed the greater of
$135,000,000 and 3.375% of Total Assets; provided that in no event shall any
Indebtedness, Disqualified Stock or Preferred Stock of any Restricted Subsidiary
that is not a Subsidiary Guarantor (i) existing at the time it became a
Restricted Subsidiary or (ii) assumed in connection with any acquisition, merger
or acquisition of minority interests of a non-Wholly-Owned Subsidiary (and in
the case of clauses (i) and (ii), not created in contemplation of such Person
becoming a Restricted Subsidiary or such acquisition, merger or acquisition of
minority interests) be deemed to be Indebtedness outstanding under the Limited
Non-Guarantor Debt Exceptions for purposes of this Section 6.01(g).
SECTION 6.02    Liens. Directly or indirectly, create, incur, assume or suffer
to exist any Lien (except Permitted Liens) on any asset or property of the
Parent Borrower or any Restricted Subsidiary, or any income or profits
therefrom, or assign or convey any right to receive income therefrom.
For purposes of determining compliance with this Section 6.02, (A) a Lien
securing an item of Indebtedness need not be permitted solely by reference to
one category of Permitted Liens described in clauses (a) through (mm) of the
definition of “Permitted Liens”, but may be permitted in part under any
combination thereof and (B) in the event that a Lien securing an item of
Indebtedness (or any portion thereof) meets the criteria of one or more of the
categories of Permitted Liens described in clauses (a) through (mm) of the
definition of “Permitted Liens”, the Borrowers shall, in their sole discretion,
classify or reclassify, or later divide, classify or reclassify, such Lien
securing such item of Indebtedness (or any portion thereof) in any manner that
complies with this Section 6.02 and will only be required to include the amount
and type of such Lien securing such item of Indebtedness in one of the clauses
of the definition of “Permitted Liens,” in which case such Lien securing such
item of Indebtedness will be treated as being incurred or existing pursuant to
only one of such clauses.

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SECTION 6.03    Restricted Payments. Directly or indirectly, make any Restricted
Payment, other than:
(a)    Restricted Payments in an amount, together with the aggregate amount of
all other Restricted Payments made by the Parent Borrower and its Restricted
Subsidiaries after the Closing Date (including Restricted Payments permitted by
clauses (i), (ii) (with respect to the payment of dividends on Refunding Capital
Stock pursuant to clause (C) thereof only), and (vi)(C) of Section 6.03(b), but
excluding all other Restricted Payments permitted by Section 6.03(b)) not to
exceed the Restricted Payment Applicable Amount; provided that solely with
respect to Restricted Payments (other than Investments) made in reliance on
clause (b) of the definition of Restricted Payment Applicable Amount, (i) no
Event of Default shall have occurred and be continuing or would occur as a
consequence thereof, in each case, at the time of the declaration of such
Restricted Payment; and (ii) the Total Net Leverage Ratio at the time such
Restricted Payment is declared is no greater than 4.50 to 1.00, determined on a
pro forma basis as if such Restricted Payment had been made at the beginning of
the most recently ended four fiscal quarters for which Section 5.04 Financials
have been delivered to the Administrative Agent.
(b)    Section 6.03(a) will not prohibit:
(i)the payment of any dividend within 60 days after the date of declaration
thereof, if at the date of declaration such payment would have complied with the
provisions of this Agreement;
(ii)(A) the redemption, repurchase, retirement or other acquisition of any (1)
Equity Interests (“Treasury Capital Stock”) of the Parent Borrower or any
Restricted Subsidiary, Subordinated Indebtedness of the Parent Borrower or any
Guarantor or (2) Equity Interests of any direct or indirect parent company of
the Parent Borrower, in the case of each of clause (1) and (2), in exchange for,
or out of the proceeds of the substantially concurrent sale (other than to the
Parent Borrower or a Restricted Subsidiary) of, Equity Interests of the Parent
Borrower, or any direct or indirect parent company of the Parent Borrower to the
extent contributed to the capital of the Parent Borrower or any Restricted
Subsidiary (in each case, other than any Disqualified Stock) (“Refunding Capital
Stock”), (B) the declaration and payment of dividends on the Treasury Capital
Stock out of the proceeds of the substantially concurrent sale (other than to
the Parent Borrower or a Restricted Subsidiary) of the Refunding Capital Stock,
and (C) if immediately prior to the retirement of Treasury Capital Stock, the
declaration and payment of dividends thereon was permitted under clauses (vi)(A)
or (B) of this Section 6.03(b), the declaration and payment of dividends on the
Refunding Capital Stock (other than Refunding Capital Stock the proceeds of
which were used to redeem, repurchase, retire or otherwise acquire any Equity
Interests of any direct or indirect parent company of the Parent Borrower) in an
aggregate amount per year no greater than the aggregate amount of dividends per
annum that were declarable and payable on such Treasury Capital Stock
immediately prior to such retirement;
(iii)the redemption, repurchase or other acquisition or retirement of
Subordinated Indebtedness of the Parent Borrower or a Restricted Guarantor made
by exchange for, or out of the proceeds of the substantially concurrent sale of,
new Indebtedness of the Parent Borrower or a Restricted Guarantor, as the case
may be, which is incurred in compliance with Section 6.01 so long as:
(I)such new Indebtedness is subordinated to the Obligations at least to the same
extent as such Subordinated Indebtedness so purchased, exchanged, redeemed,
repurchased, acquired or retired for value; such new Indebtedness has a final
scheduled maturity date equal to or later than the final scheduled ma-

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turity date of the Indebtedness being so redeemed, repurchased, acquired or
retired; and
(II) such new Indebtedness has a Weighted Average Life to Maturity equal to or
greater than the remaining Weighted Average Life to Maturity of the Indebtedness
being so redeemed, repurchased, acquired or retired.
(iv)a Restricted Payment to pay for the repurchase, retirement, redemption or
other acquisition or retirement for value of Equity Interests of the Parent
Borrower or any of its direct or indirect parent companies held by any future,
present or former employee, director or consultant (or any of their successors,
heirs, estates or assigns) of the Parent Borrower, any of its subsidiaries or
any of their respective direct or indirect parent companies pursuant to any
management unit purchase agreement, management equity plan or stock option plan
or any other management or employee benefit plan, agreement or arrangement
(including, for the avoidance of doubt, any principal and interest payable on
any notes issued by the Parent Borrower or any direct or indirect parent company
in connection with any such repurchase, retirement or other acquisition or
retirement); provided, however, that the aggregate Restricted Payments made
under this clause (iv) do not exceed in any calendar year the greater of
$35,000,000 and 0.875% of Total Assets (with unused amounts in any calendar year
being carried over to the two immediately succeeding calendar years subject to a
maximum of $70,000,000 in any calendar year); provided, further, that such
amount in any calendar year may be increased by an amount not to exceed:
(I)the cash proceeds from the sale of Equity Interests (other than Disqualified
Stock) of the Parent Borrower and, to the extent contributed to the capital of
the Parent Borrower, Equity Interests of any of the direct or indirect parent
companies of the Parent Borrower, in each case to members of management,
directors or consultants of the Parent Borrower, any of its subsidiaries or any
of their respective direct or indirect parent companies that occurs after the
Closing Date (other than Equity Interests the proceeds of which are used to fund
the Transactions), to the extent the cash proceeds from the sale of such Equity
Interests have not otherwise been applied to the payment of Restricted Payments
by virtue of Section 6.03(a); plus
(II)the cash proceeds of key man life insurance policies received by the Parent
Borrower or any of its Restricted Subsidiaries after the Closing Date; less
(III)the amount of any Restricted Payments previously made with the cash
proceeds described in clauses (A) and (B) of this clause (iv);
and provided, further, that cancellation of Indebtedness owing to the Parent
Borrower from members of management of the Parent Borrower, any of its
subsidiaries or its direct or indirect parent companies in connection with a
repurchase of Equity Interests of the Parent Borrower or any of the Parent
Borrower’s direct or indirect parent companies will not be deemed to constitute
a Restricted Payment for purposes of this Agreement;
(v)the declaration and payment of dividends or distributions to holders of any
class or series of Disqualified Stock of the Parent Borrower or any of its
Restricted Subsidiaries issued in accordance with Section 6.01;
(vi)(A) the declaration and payment of dividends or distributions to holders of
any class or series of Designated Preferred Stock (other than Disqualified
Stock) issued by the Parent Borrower or any of its Restricted Subsidiaries after
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dividends paid pursuant to this clause (A) shall not exceed the aggregate amount
of cash actually received by the Parent Borrower or a Restricted Subsidiary from
the issuance of such Designated Preferred Stock;
(B)    a Restricted Payment to a direct or indirect parent company of the Parent
Borrower, the proceeds of which will be used to fund the payment of dividends to
holders of any class or series of Designated Preferred Stock (other than
Disqualified Stock) of such parent corporation issued after the Closing Date,
provided that the amount of Restricted Payments paid pursuant to this clause (B)
shall not exceed the aggregate amount of cash actually contributed to the
capital of the Parent Borrower from the sale of such Designated Preferred Stock;
or
(C)    the declaration and payment of dividends on Refunding Capital Stock that
is Preferred Stock in excess of the dividends declarable and payable thereon
pursuant to clause (ii) of this Section 6.03(b);
provided, however, in the case of each of clause (A), (B) and (C) of this
clause (vi), that for the most recently ended four full fiscal quarters for
which internal financial statements are available immediately preceding the date
of issuance of such Designated Preferred Stock or the declaration of such
dividends on Refunding Capital Stock that is Preferred Stock, after giving
effect to such issuance or declaration on a pro forma basis, the Parent Borrower
could incur $1.00 of additional Indebtedness pursuant to the Total Net Leverage
Ratio test described in Section 6.01(a);
(vii)Investments in Unrestricted Subsidiaries having an aggregate fair market
value, taken together with all other Investments made pursuant to this clause
(vii) that are at the time outstanding, without giving effect to any
distribution pursuant to clause (xvi) of this Section 6.03(b) or the sale of an
Unrestricted Subsidiary to the extent the proceeds of such sale do not consist
of cash or marketable securities, not to exceed the greater of $50,000,000 and
1.25% of Total Assets at the time of such Investment (with the fair market value
of each Investment being measured at the time made and without giving effect to
subsequent changes in value);
(viii)repurchases of Equity Interests deemed to occur upon exercise of stock
options, warrants or similar stock-based instruments if such Equity Interests
represent a portion of the exercise price of such options, warrants or
stock-based instrument or in connection with a gross-up or tax withholding
related to such Equity Interests;
(ix)the declaration and payment of dividends on the Parent Borrower’s common
stock (or a Restricted Payment to any direct or indirect parent entity to fund a
payment of dividends on such entity’s common stock), following the first public
Equity Offering of such common stock after the Closing Date, of up to 6% per
annum of the net cash proceeds received by or contributed to the capital of the
Parent Borrower in or from any such public Equity Offering;
(x)Restricted Payments that are made with Excluded Contributions;
(xi)other Restricted Payments in an aggregate amount taken together with all
other Restricted Payments made pursuant to this clause (xi) not to exceed the
greater of $175,000,000 and 4.375% of Total Assets at the time of such
Restricted Payment;
(xii)distributions or payments of Receivables Fees and purchases of any assets
in connection with a Receivables Facility;

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(xiii)to the extent constituting Restricted Payments, the Parent Borrower (or
any direct or indirect parent thereof) and its Restricted Subsidiaries may enter
into and consummate transactions permitted by any provision of Section 6.02,
6.04, 6.05 (other than Section 6.05(c)) or 6.06 (other than Section 6.06(c)(x));
(xiv)the repurchase, redemption or other acquisition or retirement for value of
any Subordinated Indebtedness upon the occurrence of a Change of Control (so
long as such Change of Control has been waived by the Required Lenders);
(xv)the declaration and payment of dividends or the payment of other
distributions by the Parent Borrower to, or the making of loans or advances to,
any of its respective direct or indirect parents or the equity interest holders
thereof in amounts required for any direct or indirect parent companies or the
equity interest holders thereof to pay, in each case without duplication,
(I)franchise taxes and other fees, taxes and expenses required to maintain their
corporate existence;
(II)any consolidated, combined or similar federal, foreign, state and/or local
income or franchise tax liability (or any alternative tax in lieu thereof) of
such direct or indirect parent company’s income tax group that is attributable
to the income of the Parent Borrower or its Restricted Subsidiaries (or, to the
extent of any cash actually paid by an Unrestricted Subsidiary to the Borrowers
or any Restricted Subsidiary for such purpose, such Unrestricted Subsidiary);
provided that, in each fiscal year, the amount of such payments shall be equal
to the amount that the Parent Borrower, its Restricted Subsidiaries and, to the
extent described above, its Unrestricted Subsidiaries would have been required
to pay in respect of such taxes if such entities were corporations paying taxes
separately from such direct or indirect parent entity at the highest combined
applicable federal, foreign, state and/or local income or franchise tax rate for
such fiscal year;
(III)customary salary, bonus, severance, indemnification obligations and other
benefits payable to officers and employees of any direct or indirect parent
company of the Parent Borrower and any payroll, social security or similar taxes
thereof to the extent such salaries, bonuses, severance, indemnification
obligations and other benefits are reasonably attributable to the ownership or
operation of the Parent Borrower and its Restricted Subsidiaries;
(IV)general corporate operating and overhead costs and expenses of any direct or
indirect parent company of the Parent Borrower to the extent such costs and
expenses are reasonably attributable to the ownership or operation of the Parent
Borrower and its Restricted Subsidiaries;
(V)[reserved];
(VI)fees and expenses other than to Affiliates of the Parent Borrower related to
(1) any equity or debt offering of such parent entity (whether or not
successful), (2) any Investment otherwise permitted under this covenant (whether
or not successful) and (3) any transaction of the type described in Section
6.04;
(VII)cash payments in lieu of issuing fractional shares in connection with the
exercise of warrants, options or other securities convertible into or
exchangeable for Equity Interests of the Parent Borrower or any direct or
indirect parent;

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(VIII)amounts to finance Investments otherwise permitted to be made pursuant to
this Agreement; provided that (1) such Restricted Payment shall be made
substantially concurrently with the closing of such Investment and (2) such
direct or indirect parent company shall, immediately following the closing
thereof, cause (x) all property acquired (whether assets or Equity Interests) to
be contributed to the capital of the Parent Borrower or one of its Restricted
Subsidiaries or (y) the merger of the Person formed or acquired into the Parent
Borrower or one of its Restricted Subsidiaries (to the extent not prohibited by
Section 6.04) in order to consummate such Investment; (3) such direct or
indirect parent company and its Affiliates (other than the Parent Borrower or a
Restricted Subsidiary) receives no consideration or other payment in connection
with such transaction, (4) any property received by the Parent Borrower shall
not increase amounts available for Restricted Payments pursuant to
Section 6.03(a) and (5) such Investment shall be deemed to be made by the Parent
Borrower or such Restricted Subsidiary by another paragraph of this Section 6.03
(other than pursuant to clause (x) hereof) or pursuant to the definition of
“Permitted Investments” (other than clause (i) thereof);
(IX)[reserved];
(X)reasonable and customary fees payable to any directors of any direct or
indirect parent of the Parent Borrower and reimbursement of reasonable
out-of-pocket costs of the directors of any direct or indirect parent of the
Parent Borrower in the ordinary course of business, to the extent reasonably
attributable to the ownership or operation of the Parent Borrower and its
Restricted Subsidiaries; and
(XI)reasonable and customary indemnities to directors, officers and employee of
any direct or indirect parent of the Parent Borrower in the ordinary course of
business, to the extent reasonably attributable to the ownership or operation of
the Parent Borrower and its Restricted Subsidiaries;
(xvi)the distribution, by dividend or otherwise, of shares of Capital Stock of,
or Indebtedness owed to the Parent Borrower or a Restricted Subsidiary by,
Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary
assets of which are cash and/or Cash Equivalents);
(xvii)payments or distributions to dissenting stockholders pursuant to
applicable law, pursuant to or in connection with a consolidation, merger or
transfer of all or substantially all of the assets of the Parent Borrower and
its Restricted Subsidiaries, taken as a whole, that complies with Section 6.04;
provided that if as a result of such consolidation, merger or transfer of
assets, a Change of Control has occurred, such Change of Control has been
consented to or waived by the Required Lenders;
(xviii)the declaration and payment of dividends or the payment of other
distributions by any Restricted Subsidiary to (A) the Parent Borrower or any
Restricted Subsidiary or (B) to each other owner of Equity Interests of such
Restricted Subsidiary based on such other owner’s relative ownership interests
of the relevant class of Equity Interests;
(xix)[reserved];
(xx)purchases of minority interests in non-Wholly-Owned Subsidiaries by the
Parent Borrower and the Guarantors;

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(xxi)the Foreign Subsidiary Reorganization and payments or distributions in
connection therewith;
(xxii)the declaration and payment of dividends or the payment of other
distributions by the Parent Borrower to Holdings in order to enable Holdings to
make payments required to be made under the TRA;
(xxiii)any payment of any dividend from the Parent Borrower to Holdings in
connection with the payment of social security or other payroll taxes based on
the issuance of Equity Interests to employees or other service providers;
(xxiv)other Restricted Payments; provided that the Total Net Leverage Ratio at
the time such Restricted Payment is made is no greater than 3.75 to 1.00,
determined on a pro forma basis as if such Restricted Payment had been made at
the beginning of the most recently ended four fiscal quarters for which Section
5.04 Financials have been delivered to Administrative Agent;
(xxv)cash payments in lieu of the issuance of fractional shares in connection
with the exercise of warrants, options or other securities convertible into or
exchangeable for Equity Interests of the Parent Borrower or any direct or
indirect parent; provided, however, that any such cash payment shall not be for
the purpose of evading the limitation of this Section 6.03 (as determined in
good faith by the Parent Borrower);
(xxvi)payments or distributions in connection with an AHYDO Payment with respect
to Indebtedness permitted to be incurred hereunder; and
(xxvii)any Restricted Payment used to fund the Transactions and the Transaction
Expenses;
provided, however, that at the time of, and after giving effect to, any
Restricted Payment permitted under clauses (ix) (as determined at the time of
the declaration of such dividend), (xi) (except in the case of Investments),
(xvi) and (xxiv) (except in the case of Investments), no Event of Default shall
have occurred and be continuing or would occur as a consequence thereof.
To the extent an Investment is permitted to be made by a Loan Party directly in
a Target Person under any provision of this Section 6.03, such Investment may be
made by advance, contribution or distribution by a Loan Party to a Restricted
Subsidiary or Holdings, and further contemporaneously advanced or contributed to
a Restricted Subsidiary for purposes of making the relevant Investment in the
Target Person without constituting a Restricted Investment for purposes of this
Section 6.03 (it being understood that such Investment must satisfy the
requirements of, and shall count towards any thresholds in, a provision of this
Section 6.03 or a provision of the definition of “Permitted Investments” as if
made by the applicable Loan Party directly to the Target Person).
The amount of all Restricted Payments (other than cash) will be the fair market
value on the date of the Restricted Payment of the asset(s) or securities
proposed to be transferred or issued by any Borrower or such subsidiary, as the
case may be, pursuant to the Restricted Payment. The fair market value of any
assets or securities that are required to be valued by this Section 6.03 will be
determined in good faith by the Parent Borrower.
(c)As of the Closing Date, all of the subsidiaries of the Parent Borrower will
be Restricted Subsidiaries. The Parent Borrower will not permit any Unrestricted
Subsidiary to become a Restricted Subsidiary except pursuant to Section 5.11(b).
For purposes of designating any Restricted Subsidiary as

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an Unrestricted Subsidiary, all outstanding Investments by the Parent Borrower
and its Restricted Subsidiaries (except to the extent repaid) in the subsidiary
so designated will be deemed to be Restricted Payments in an amount determined
as set forth in the last sentence of the definition of “Investments.” Such
designation will be permitted only if a Restricted Payment in such amount would
be permitted at such time, whether pursuant to Section 6.03(a) or (b)(vii), (x),
(xi) or (xxiv), or pursuant to the definition of “Permitted Investments,” and if
such subsidiary otherwise meets the definition of an Unrestricted Subsidiary.
Unrestricted Subsidiaries will not be subject to any of the restrictive
covenants set forth in the Loan Documents.
(d)For the avoidance of doubt, any dividend or distribution otherwise permitted
pursuant to this Section 6.03 may be in the form of a loan.
SECTION 6.04    Fundamental Changes.
(a)The Parent Borrower may not consolidate or merge with or into or wind up into
(whether or not the Parent Borrower is the surviving corporation), and may not
sell, assign, transfer, lease, convey or otherwise dispose of all or
substantially all of the properties or assets of the Parent Borrower and its
Restricted Subsidiaries, taken as a whole, in one or more related transactions,
to any Person unless:
(i)the Parent Borrower is the surviving corporation or the Person formed by or
surviving any such consolidation or merger (if other than the Parent Borrower)
or the Person to whom such sale, assignment, transfer, lease, conveyance or
other disposition will have been made is organized or existing under the laws of
the United States, any state thereof, the District of Columbia, or any territory
thereof (such Person, the “Successor Company”);
(ii)the Successor Company, if other than the Parent Borrower, expressly assumes
all the Obligations of the Parent Borrower pursuant to documentation reasonably
satisfactory to the Administrative Agent;
(iii)immediately after such transaction, no Event of Default exists;
(iv)immediately after giving pro forma effect to such transaction and any
related financing transactions, as if such transactions had occurred at the
beginning of the applicable four-quarter period,
(I)the Successor Company would be permitted to incur at least $1.00 of
additional Indebtedness pursuant to the Total Net Leverage Ratio test described
in Section 6.01(a); or
(II)the Total Net Leverage Ratio for the Parent Borrower and its Restricted
Subsidiaries would be equal to or less than the Total Net Leverage Ratio
immediately prior to such transaction;
(v)each Guarantor, unless it is the other party to the transactions described
above, in which case Section 6.04(c)(i)(B) shall apply, shall have confirmed
that its Obligations under the Loan Documents to which it is a party pursuant to
documentation reasonably satisfactory to the Administrative Agent; and
(vi)the Parent Borrower shall have delivered to the Administrative Agent an
Officer’s Certificate and an Opinion of Counsel, each stating that such
consolidation, merger or

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transfer and such documentation relating to the Loan Documents, if any, comply
with this Agreement;
provided that the Parent Borrower shall promptly notify the Administrative Agent
of any such transaction and shall take all required actions either prior to or
upon the later to occur of 30 days following such transaction (or the earlier of
the date of the required delivery of the next Pricing Certificate and the date
which is 45 days after the end of the most recently ended fiscal quarter (or
such longer period as to which the Administrative Agent may consent)) in order
to preserve and protect the Liens on the Collateral securing the Secured
Obligations.
The Successor Company will succeed to, and be substituted for the Parent
Borrower under the Loan Documents.
(b)Notwithstanding the foregoing paragraphs (a)(iii) and (a)(iv),
(i)the Parent Borrower or a Restricted Subsidiary may consolidate with or merge
into or sell, assign, convey, lease, transfer or otherwise dispose of all or
part of its properties and assets to the Parent Borrower or a Restricted
Guarantor;
(ii)the Parent Borrower may merge with an Affiliate of the Parent Borrower
solely for the purpose of reorganizing the Parent Borrower in a State of the
United States so long as the amount of Indebtedness of the Parent Borrower and
its Restricted Subsidiaries is not increased thereby;
(iii)any Foreign Subsidiary may consolidate with or merge into or sell, assign,
convey, lease, transfer or otherwise dispose of all or part of its properties
and assets to any other Foreign Subsidiary; provided that if the Foreign
Subsidiary so consolidating, merging or transferring all or part of its
properties and assets is a Foreign Subsidiary Borrower, such Foreign Subsidiary
Borrower shall, substantially simultaneously with such merger, transfer or
disposition, repay in full all its Obligations and terminate its rights to
borrow hereunder; and
(iv)the Foreign Subsidiary Reorganization may be effected.
(c)No Restricted Guarantor will, and the Parent Borrower will not permit any
Restricted Guarantor to, consolidate or merge with or into or wind up into
(whether or not the Parent Borrower or Restricted Guarantor is the surviving
corporation), or sell, assign, transfer, lease, convey or otherwise dispose of
all or substantially all of its properties or assets, in one or more related
transactions, to any Person unless:
(i)such Restricted Guarantor is the surviving corporation or the Person formed
by or surviving any such consolidation or merger (if other than such Restricted
Guarantor) or to which such sale, assignment, transfer, lease, conveyance or
other disposition will have been made is organized or existing under the laws of
the jurisdiction of organization of such Restricted Guarantor, as the case may
be, or the laws of the United States, any state thereof, the District of
Columbia, or any territory thereof (such Restricted Guarantor or Person, the
“Successor Person”);
(I)the Successor Person, if other than such Restricted Guarantor, expressly
assumes all the Obligations of such Restricted Guarantor pursuant to
documentation reasonably satisfactory to the Administrative Agent;
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(III)the Borrowers shall have delivered to the Administrative Agent an Officer’s
Certificate and an Opinion of Counsel, each stating that such consolidation,
merger or transfer and such documentation relating to the Loan Documents, if
any, comply with this Agreement;
(ii)the transaction does not violate Section 6.05;
provided that the Parent Borrower shall promptly notify the Administrative Agent
of any such transaction and shall take all required actions either prior to or
upon the later to occur of 30 days following such transaction (or the earlier of
the date of the required delivery of the next Pricing Certificate and the date
which is 45 days after the end of the most recently ended fiscal quarter (or
such longer period as to which the Administrative Agent may consent)) in order
to preserve and protect the Liens on the Collateral securing the Secured
Obligations.
In the case of clause (c)(i)(A) above, the Successor Person will succeed to, and
be substituted for, such Restricted Guarantor under the Loan Documents.
Notwithstanding the foregoing, any Restricted Guarantor (x) may merge into or
transfer all or part of its properties and assets to another Restricted
Guarantor or any Borrower or (y) dissolve, liquidate or wind up its affairs if
such dissolution, liquidation or winding up could not reasonably be expected to
have a Material Adverse Effect.
SECTION 6.05    Dispositions. Cause, make or suffer to exist a Disposition,
except:
(a)    any Disposition of Cash Equivalents or Investment Grade Securities or
obsolete, damaged or worn property or equipment in the ordinary course of
business or any disposition of inventory or goods (or other assets) held for
sale in the ordinary course of business and dispositions of property no longer
used or useful in the conduct of the business of the Parent Borrower and its
Restricted Subsidiaries or the disposition of inventory in the ordinary course
of business;
(b)    the Disposition of all or substantially all of the assets of the Parent
Borrower and its Restricted Subsidiaries in a manner permitted pursuant to
Section 6.04 or any disposition that constitutes a Change of Control;
(c)    the making of any Restricted Payment or Permitted Investment that is
permitted to be made, and is made, under Section 6.03;
(d)    any Disposition of property or assets or issuance of Equity Interests (A)
by a Restricted Subsidiary of the Parent Borrower to the Parent Borrower or (B)
by the Parent Borrower or a Restricted Subsidiary of the Parent Borrower to
another Restricted Subsidiary of the Parent Borrower; provided that in the case
of any event described in clause (B) where the transferee or purchaser is not a
Guarantor, then at the option of the Parent Borrower, either (1) such
disposition shall constitute a Disposition for purposes of the definition of
Prepayment Asset Sale or (2) the Net Cash Proceeds thereof, when aggregated with
the amount of Permitted Investments made pursuant to clauses (a) and (c) of the
definition thereof, shall not exceed the dollar amount set forth in the final
proviso of such definition; provided further that if the Restricted Subsidiary
which makes a Disposition of its assets is a Foreign Subsidiary Borrower, such
Foreign Subsidiary Borrower shall, substantially simultaneously with such
disposition, repay in full all outstanding Loans made to it and terminate its
right to borrow hereunder;
(e)    any Permitted Asset Swap;
(f)    the sale, lease, license, sub-license, assignment or sub-lease of any
real or personal property in the ordinary course of business;

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(g)    any issuance or sale of Equity Interests in, or Indebtedness or other
securities of, an Unrestricted Subsidiary;
(h)    sales of accounts receivable, or participations therein, in connection
with any Receivables Facility;
(i)    any financing transaction with respect to property built or acquired by
the Parent Borrower or any Restricted Subsidiary after the Closing Date,
including Sale and Lease-Back Transactions and asset securitizations permitted
under this Agreement;
(j)    sales of accounts receivable in connection with the collection or
compromise thereof;
(k)    transfers of property subject to casualty or condemnation proceedings
(including in lieu thereof) upon the receipt of the net cash proceeds therefor;
provided such transfer shall constitute a Property Loss Event to the extent
required by the definition thereof;
(l)    the abandonment of intellectual property rights in the ordinary course of
business, which in the reasonable good faith determination of the Parent
Borrower or a Restricted Subsidiary are not material to the conduct of the
business of the Parent Borrower and its Restricted Subsidiaries taken as a
whole;
(m)    voluntary terminations of Hedging Obligations;
(n)    Dispositions (including Sale and Lease-Back Transactions) by a Foreign
Subsidiary designed to generate foreign distributable reserves;
(o)    any Disposition to the extent not involving property (when taken together
with any related Disposition or series of Dispositions) with a fair market value
in excess of $25,000,000; and
(p)    Dispositions not otherwise permitted under this Section 6.05, provided
that at least 75% of the consideration therefor received by the Parent Borrower
or such Restricted Subsidiary, as the case may be, is in the form of cash or
Cash Equivalents; provided that the amount of (A) any liabilities (as shown on
the Parent Borrower’s or such Restricted Subsidiary’s most recent balance sheet
or in the footnotes thereto) of the Parent Borrower or such Restricted
Subsidiary, other than liabilities that are by their terms subordinated to the
Obligations or that are owed to the Parent Borrower or a Restricted Subsidiary,
that are assumed by the transferee of any such assets and for which the Parent
Borrower and all of its Restricted Subsidiaries have been validly released by
all creditors in writing, (B) any securities received by the Parent Borrower or
such Restricted Subsidiary from such transferee that are converted by the Parent
Borrower or such Restricted Subsidiary into cash (to the extent of the cash
received) within 180 days following the closing of such Disposition, and (C) any
Designated Non-Cash Consideration received by the Parent Borrower or such
Restricted Subsidiary in such Disposition having an aggregate fair market value,
taken together with all other Designated Non-Cash Consideration received
pursuant to this clause (C) that is at that time outstanding, not to exceed the
greater of $75,000,000 and 1.875% of Total Assets at the time of the receipt of
such Designated Non-Cash Consideration, with the fair market value of each item
of Designated Non-Cash Consideration being measured at the time received and
without giving effect to subsequent changes in value, shall be deemed to be cash
for purposes of this provision and for no other purpose;

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(q)    foreclosures;
(r)    Sale and Lease-Back Transactions involving (i) real property owned on the
Closing Date (other than any Mortgaged Property), (ii) property acquired not
more than 180 days prior to such Sale and Lease-Back Transaction for cash in an
amount at least equal to the cost of such property and (iii) other property for
cash consideration if the sale is treated as a Prepayment Asset Sale; and
(s)    the issuance by the Parent Borrower or a Restricted Subsidiary of
Disqualified Stock or Preferred Stock that is permitted by Section 6.01;
provided that the consideration received by the Parent Borrower or such
Restricted Subsidiary, as the case may be, with respect to any Disposition of
any property with a fair market value in excess of $25,000,000 must be at least
equal to the fair market value (as determined in good faith by the Parent
Borrower) of the assets sold or otherwise disposed of. To the extent any
Collateral is disposed of as expressly permitted by this Section 6.05 to any
Person other than a Loan Party, such Collateral shall be sold free and clear of
the Liens created by the Loan Documents, and the Administrative Agent or the
Collateral Agent, as applicable, shall be authorized to take any actions deemed
appropriate in order to effect the foregoing.
SECTION 6.06    Transactions with Affiliates. Except for transactions by or
among Loan Parties (or by and among the Parent Borrower and its Restricted
Subsidiaries), sell or transfer any property or assets to, or purchase or
acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, in each case, involving aggregate
payments or consideration in excess of $10,000,000 unless:
(a)    such transaction is on terms that are not materially less favorable to
the Parent Borrower or the relevant Restricted Subsidiary than those that would
have been obtained in a comparable transaction by the Parent Borrower or such
Restricted Subsidiary with an unrelated Person on an arm’s-length basis; and
(b)    the Parent Borrower delivers to the Administrative Agent with respect to
any such transaction or series of related transactions involving aggregate
payments or consideration in excess of $25,000,000, a resolution adopted by the
majority of the board of directors of the Parent Borrower approving such
transaction and set forth in an Officer’s Certificate certifying that such
transaction complies with clause (a) above.
(c)    The foregoing provisions will not apply to the following:
(i)the Parent Borrower or any Restricted Subsidiary may engage in any of the
foregoing transactions at prices and on terms and conditions not less favorable
to the Parent Borrower or such Restricted Subsidiary than could be obtained on
an arm’s-length basis from unrelated third parties;
(ii)[reserved];
(iii)[reserved];
(iv)issuances by the Parent Borrower and its Restricted Subsidiaries of Equity
Interests not prohibited under this Agreement;

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(v)reasonable and customary fees payable to any directors of the Parent Borrower
and its Restricted Subsidiaries (or any direct or indirect parent of the Parent
Borrower) and reimbursement of reasonable out-of-pocket costs of the directors
of the Parent Borrower and its subsidiaries (or any direct or indirect parent of
the Parent Borrower) in the ordinary course of business, in the case of any
direct or indirect parent to the extent reasonably attributable to the ownership
or operations of the Parent Borrower and its subsidiaries;
(vi)expense reimbursement and other payments in respect of employment, severance
and compensation arrangements entered into by the Parent Borrower and its
Restricted Subsidiaries with their officers, employees and consultants in the
ordinary course of business, including, without limitation, the payment of stay
bonuses and incentive compensation and/or such officer’s, employee’s or
consultant’s equity investment in certain Restricted Subsidiaries;
(vii)payments by the Parent Borrower and its Restricted Subsidiaries to each
other pursuant to tax sharing agreements;
(viii)the payment of reasonable and customary indemnities to directors, officers
and employees of the Parent Borrower and its Restricted Subsidiaries (or any
direct or indirect parent of the Parent Borrower) in the ordinary course of
business, in the case of any direct or indirect parent to the extent
attributable to the operations of the Parent Borrower and its Restricted
Subsidiaries;
(ix)transactions, payments made, or performance pursuant to any agreements in
existence on the Closing Date and any amendment or joinder thereto to the extent
such an amendment is not adverse to the interests of the Lenders in any material
respect;
(x)Restricted Payments and Permitted Investments permitted under this Agreement;
(xi)payments by the Parent Borrower and its Restricted Subsidiaries to the
Sponsor made for any financial advisory, financing, underwriting or placement
services or in respect of other investment banking activities, including in
connection with acquisitions or divestitures, which payments are approved by a
majority of the board of directors of the Parent Borrower, in good faith;
(xii)loans and other transactions among the Parent Borrower and its subsidiaries
(and any direct and indirect parent company of the Parent Borrower) to the
extent permitted under this Article VI; provided that any Indebtedness of any
Loan Party owed to a Restricted Subsidiary that is not a Loan Party shall be
subject to subordination provisions no less favorable to the Lenders than the
subordination provisions reasonably acceptable to the Administrative Agent;
(xiii)the existence of, or the performance by the Parent Borrower or any of its
Restricted Subsidiaries of its obligations under the terms of, any stockholders
agreement, principal investors agreement (including any registration rights
agreement or purchase agreement related thereto) to which it is a party as of
the Closing Date and any similar agreements which it may enter into thereafter;
provided, however, that the existence of, or the performance by the Parent
Borrower or any of its Restricted Subsidiaries of obligations under any future
amendment to any such existing agreement or under any similar

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agreement entered into after the Closing Date shall only be permitted by this
clause (xiii) to the extent that the terms of any such amendment or new
agreement are not otherwise disadvantageous to the Lenders when taken as a
whole;
(xiv)transactions with customers, clients, suppliers, or purchasers or sellers
of goods or services, in each case in the ordinary course of business which are
fair to the Parent Borrower and its Restricted Subsidiaries, in the reasonable
determination of the board of directors of the Parent Borrower or the senior
management thereof, or are on terms at least as favorable as might reasonably
have been obtained at such time from an unaffiliated party;
(xv)sales of accounts receivable, or participations therein, in connection with
any Receivables Facility;
(xvi)payments or loans (or cancellation of loans) to employees or consultants of
the Parent Borrower, any of its direct or indirect parent companies or any of
its Restricted Subsidiaries which are approved by a majority of the board of
directors of the Parent Borrower in good faith;
(xvii)transactions among Foreign Subsidiaries for tax planning and tax
efficiency purposes;
(xviii)transactions in which the Parent Borrower or any Restricted Subsidiary
delivers to the Administrative Agent a letter from an Independent Financial
Advisor stating that such transaction is fair to the Parent Borrower or such
Restricted Subsidiary from a financial point of view or meets the requirements
of Section 6.06(a);
(xix)any transaction permitted by Section 6.04; and
(xx)the Transactions and the payment of the Transaction Expenses.
SECTION 6.07    Restrictive Agreements. Enter into, incur or permit to exist any
agreement or other arrangement that prohibits, restricts or imposes any
condition upon:
(a)    the ability of the Parent Borrower or any Restricted Subsidiary to
create, incur or permit to exist any Lien upon any of its property or assets to
secure the Obligations;
(b)    the ability of any Restricted Subsidiary to pay dividends or other
distributions with respect to any of its Equity Interests or to make or repay
loans or advances to the Parent Borrower or any other Restricted Subsidiary or
to guarantee Indebtedness of the Parent Borrower or any other Restricted
Subsidiary; or
(c)    the ability of any Restricted Subsidiary to sell, lease or transfer any
of its properties or assets to the Parent Borrower or any of its Restricted
Subsidiaries;
provided that the foregoing shall not apply to:
(i)restrictions and conditions imposed by law, rule, regulation or order, by any
Loan Document or which (x) exist on the date hereof and (y) to the extent
contractual obligations permitted by clause (x) are set forth in an agreement
evidencing Indebtedness, are set forth in any agreement evidencing any permitted
renewal, extension or refinancing of such Indebtedness so

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long as such renewal, extension or refinancing does not expand the scope of such
contractual obligation;
(ii)customary restrictions and conditions contained in agreements relating to
any sale of assets pending such sale, provided such restrictions and conditions
apply only to the Person or property that is to be sold;
(iii)restrictions and conditions (x) on any Foreign Subsidiary, VWR Instruments
or VWR International by the terms of any Indebtedness of such Foreign
Subsidiary, VWR Instruments or VWR International, as applicable, in each case
permitted to be incurred hereunder or (y) by the terms of the documentation
governing any Receivables Facility that in the good faith determination of the
Parent Borrower are necessary or advisable to effect such Receivables Facility;
(iv)restrictions or conditions imposed by any agreement relating to Secured
Indebtedness permitted by this Agreement if such restrictions or conditions
apply only to the Person obligated under such Indebtedness and its subsidiaries
or the property or assets intended to secure such Indebtedness;
(v)any agreement or other instrument of a Person acquired by the Parent Borrower
or any Restricted Subsidiary in existence at the time of such acquisition or
contractual obligations binding on a Restricted Subsidiary at the time such
Restricted Subsidiary first becomes a Restricted Subsidiary, so long as such
contractual obligations were not entered into solely in contemplation of such
Person becoming a Restricted Subsidiary;
(vi)restrictions and conditions imposed by the terms of the documentation
governing any Indebtedness, Disqualified Stock or Preferred Stock of a
Restricted Subsidiary of the Parent Borrower (other than any Foreign Subsidiary,
VWR Instruments and VWR International), which Indebtedness, Disqualified Stock
or Preferred Stock is permitted by Section 6.01, so long as such restrictions
and conditions are, taken as a whole, in the good faith judgment of the Parent
Borrower, no more restrictive with respect to the Parent Borrower or any
Restricted Subsidiary than customary market terms for Indebtedness Disqualified
Stock or Preferred Stock of such type (and, in any event, taken as a whole, are
not materially more restrictive than the restrictions and conditions contained
in this Agreement), so long as the Parent Borrower shall have determined in good
faith that such restrictions and conditions will not affect its obligation or
ability to make any payments required hereunder;
(vii)customary provisions in joint venture agreements and other similar
agreements applicable to joint ventures permitted under Section 6.03 and
applicable solely to such joint venture entered into in the ordinary course of
business;
(viii)negative pledges and restrictions on Liens in favor of any holder of
Indebtedness permitted under Section 6.01 but solely to the extent such negative
pledges and restrictions relate to (i) the property financed by such
Indebtedness and the proceeds, accessions and products thereof or (ii) the
property secured by such Indebtedness and the proceeds, accessions and products
thereof so long as the agreements governing such Indebtedness permit the Liens
securing the Obligations;
(ix)restrictions on cash, other deposits or net worth imposed by customers under
contracts entered into in the ordinary course of business;

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(x)Secured Indebtedness otherwise permitted to be incurred under Sections 6.01
and 6.02 that limits the right of the obligor to dispose of the assets securing
such Indebtedness;
(xi)any encumbrances or restrictions of the type referred to in clauses (a) and
(b) above imposed by any amendments, modifications, restatements, renewals,
increases, supplements, refundings, replacements or refinancings of the
contracts, instruments or obligations referred to in clauses (i) through (x)
above; provided that such amendments, modifications, restatements, renewals,
increases, supplements, refundings, replacements or refinancings are, in the
good faith judgment of the Parent Borrower, no more restrictive with respect to
such encumbrance and other restrictions taken as a whole than those prior to
such amendment, modification, restatement, renewal, increase, supplement,
refunding, replacement or refinancing; and
(xii)purchase money obligations or other obligations permitted under Section
6.01(b)(iv) that, in each case, impose restrictions of the nature described in
Section 6.07(c) on the property so acquired.
Clause (a) of the foregoing shall not apply to customary provisions in leases,
subleases, licenses, sublicenses and other contracts restricting the assignment
thereof, in each case entered into in the ordinary course of business.
SECTION 6.08    Business of the Parent Borrower and Its Restricted Subsidiaries.
Engage in any line of business material to the Parent Borrower and its
subsidiaries taken as a whole other than (a) those lines of business conducted
by the Parent Borrower or any subsidiary on the Closing Date or (b) any Similar
Business.
SECTION 6.09    Modification of Junior Financing Documentation. Directly or
indirectly, amend, modify or change (a) the subordination provisions of any
Junior Financing Documentation (and the component definitions used therein) or
(b) any other term or condition of any Junior Financing Documentation, in the
case of this clause (b), in any manner materially adverse to the interests of
the Lenders and, in each case, without the consent of the Administrative Agent
(which consent shall not be unreasonably withheld).
SECTION 6.10    Changes in Fiscal Year. Make any change in its fiscal year;
provided, however, that the Parent Borrower may, upon written notice to the
Administrative Agent, change its fiscal year to any other fiscal year reasonably
acceptable to the Administrative Agent, in which case, the Parent Borrower and
the Administrative Agent will, and are hereby authorized by Lenders to, make any
adjustments to this Agreement that are necessary to reflect such change in
fiscal year.
SECTION 6.11    First Lien Net Leverage Ratio. Except with the written consent
of the Required Covenant Lenders, the Parent Borrower shall not permit the First
Lien Net Leverage Ratio as of the last day of any fiscal quarter (commencing
with the fiscal quarter ending December 31, 2015) to be greater than 4.00 to
1.00.
SECTION 6.12    Amendments or Waivers of Organization Documents. Agree to any
material amendment, restatement, supplement or other modification to, or waiver
of, any of their respective Organization Documents after the Closing Date in a
manner that is materially adverse to the Lenders, except as required by law.

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ARTICLE VII
Events of Default
SECTION 7.01    Events of Default. In case of the happening of any of the
following events (“Events of Default”):
(a)    any representation or warranty made or deemed made in any Loan Document
or any representation, warranty, statement or information contained in any
certificate required to be furnished pursuant to any Loan Document, shall prove
to have been false or misleading in any material respect when so made, deemed
made or furnished;
(b)    default shall be made in the payment of any principal of any Loan when
and as the same shall become due and payable, whether at the due date thereof or
at a date fixed for mandatory prepayment thereof or by acceleration thereof or
otherwise;
(c)    default shall be made in the payment of (i) any reimbursement with
respect to any L/C Disbursement or interest on any Loan or L/C Disbursement,
when and as the same shall become due and payable, and such default shall
continue unremedied for a period of 5 Business Days or (ii) any Fee or other
amount (other than an amount referred to in clause (b) or (c)(i) above) due
under any Loan Document, when and as the same shall become due and payable, and
such default shall continue unremedied for a period of 10 Business Days;
(d)    default shall be made in the due observance or performance by the
Borrowers or any Restricted Subsidiary of any covenant, condition or agreement
contained in Section 5.01(a) (with respect to any Borrower), 5.05(a) (provided,
that the delivery of a notice of Event of Default at any time will cure any
Event of Default arising from the failure to timely deliver a notice of such
Event of Default pursuant to Section 5.05(a)) or in Article VI (provided that an
Event of Default under Section 6.11 shall not constitute an Event of Default for
purposes of any Loan other than Revolving Loans and Tranche A Term Loans unless
and until the Required Covenant Lenders have actually declared all such
obligations to be immediately due and payable in accordance with this Agreement
and such declaration has not been rescinded on or before the date on which the
applicable Lenders of such other Loans declare an Event of Default under this
clause (d); provided further that the covenant in Section 6.11 is subject to
cure pursuant to Section 7.02);
(e)    default shall be made in the due observance or performance by any Loan
Party or its Restricted Subsidiaries of any covenant, condition or agreement
contained in any Loan Document (other than those specified in clause (b), (c) or
(d) above) and such default shall continue unremedied for a period of 30 days
after written notice thereof from the Administrative Agent to the Parent
Borrower;
(f)    (i) the Borrowers or any Restricted Subsidiary shall fail to pay any
principal or interest, regardless of amount, due in respect of any Material
Indebtedness, when and as the same shall become due and payable (after giving
effect to an applicable grace period), which failure enables or permits (with or
without the giving of notice, the lapse of time or both) the holder or holders
of such 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 or
that is a failure to pay such Material Indebtedness at its maturity or (ii) any
other 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 Indebted-

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ness to become due, or to require the prepayment, repurchase, redemption or
defeasance thereof, prior to its scheduled maturity; provided that clause (ii)
shall not apply to secured Material Indebtedness that becomes due as a result of
the voluntary sale or transfer of the property or assets securing such Material
Indebtedness if such sale or transfer is otherwise permitted hereunder;
(g)    an involuntary proceeding shall be commenced or an involuntary petition
shall be filed in a court of competent jurisdiction seeking (i) relief in
respect of any Borrower or any Restricted Subsidiary (other than an Immaterial
Subsidiary), or of a substantial part of the property or assets of any Borrower
or a Restricted Subsidiary (other than an Immaterial Subsidiary), under Title 11
of the United States Code, as now constituted or hereafter amended, or any other
Federal, state or foreign bankruptcy, insolvency, receivership or similar law,
(ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for any Borrower or any Restricted Subsidiary
(other than an Immaterial Subsidiary) or for a substantial part of the property
or assets of any Borrower or a Restricted Subsidiary (other than an Immaterial
Subsidiary) or (iii) the winding-up or liquidation of any Borrower or any
Restricted Subsidiary (other than an Immaterial Subsidiary); and 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;
(h)    any Borrower or any Restricted Subsidiary (other than an Immaterial
Subsidiary) shall (i) voluntarily commence any proceeding or file any petition
seeking relief under Title 11 of the United States Code, as now constituted or
hereafter amended, or any other Federal, state or foreign bankruptcy,
insolvency, receivership or similar law, (ii) consent to the institution of any
proceeding or the filing of any petition described in clause (g) above,
(iii) apply for or consent to the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for any Borrower or any Restricted
Subsidiary (other than an Immaterial Subsidiary) or for a substantial part of
the property or assets of any Borrower or any Restricted Subsidiary (other than
an Immaterial Subsidiary), (iv) file an answer admitting the material
allegations of a petition filed against it in any such proceeding, or (v) make a
general assignment for the benefit of creditors;
(i)    one or more judgments for the payment of money in an aggregate amount
exceeding $50,000,000 (to the extent not covered by insurance as to which an
insurance company has not denied coverage or by an indemnification agreement as
to which the indemnifying party has not denied liability) shall be rendered
against any Borrower and/or any Restricted Subsidiary (other than an Immaterial
Subsidiary) and the same shall remain undischarged for a period of 60
consecutive days during which execution shall not be effectively stayed;
(j)    (i) an ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan which has resulted or could reasonably be expected to result in a Material
Adverse Effect or (ii) a Pension Event occurs with respect to a Foreign Plan
which has resulted or could reasonably be expected to result in a Material
Adverse Effect;
(k)    any material provision of any Loan Document, at any time after its
execution and delivery, shall for any reason cease to be in full force and
effect (other than in accordance with its terms or in accordance with the terms
of the other Loan Documents), or any Loan Party contests in writing the validity
or enforceability of any material provision of any Loan Document; or any Loan
Party denies in writing that it has any or further liability thereunder (other
than as a result of the discharge of such Loan Party in accordance with the
terms of the Loan Documents);
(l)    other than with respect to items of Collateral not exceeding $10,000,000
in the aggregate, any Lien purported to be created by any Security Document
shall cease to be, or shall

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be asserted in writing by any Loan Party not to be, a valid, perfected first
priority Lien (subject only to Permitted Liens, to the extent any such Permitted
Liens would have priority over the Liens in favor of the Administrative Agent
pursuant to any applicable law or any subordination agreement permitted by this
Agreement) having the priority contemplated thereby on the securities, assets or
properties purported to be covered thereby, except (i) to the extent that any
such validity, perfection or priority is not required pursuant to the Loan
Documents (including as a result of a transaction not prohibited by this
Agreement), (ii) to the extent that any lack of validity, perfection or priority
results from the failure of the Collateral Agent to maintain possession of
certificates representing securities or promissory notes actually delivered to
it and pledged under the Security Documents or to file Uniform Commercial Code
financing, amendment or continuation statements or to take other actions
required to be taken by the Collateral Agent for the Secured Parties to maintain
a valid, perfected first priority Lien on the Collateral (so long as such act or
omission does not result from the breach or non-compliance by a Loan Party with
the Loan Documents) and (iii) as to Collateral consisting of Real Property to
the extent the lack of validity, perfection or priority is covered by a lender’s
title insurance policy and such insurer has not denied coverage; or
(m)    there shall have occurred a Change of Control;
then, and in every such event (other than an event (x) with respect to the
Borrowers described in paragraph (g) or (h) above and (y) under paragraph (d)
arising with respect to a failure to comply with Section 6.11, unless the
conditions of the final proviso contained in paragraph (d) have been satisfied),
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 Borrowers, take either or both of the following actions, at the
same or different times: (i) terminate forthwith the Commitments and
(ii) declare the Loans then outstanding to be forthwith due and payable in whole
or in part, whereupon the principal of the Loans so declared to be due and
payable, together with accrued interest thereon and any unpaid accrued Fees and
all other liabilities of the Borrowers accrued hereunder and under any other
Loan Document, shall become forthwith due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby
expressly waived by the Borrowers, anything contained herein or in any other
Loan Document to the contrary notwithstanding; and in any event with respect to
the Borrowers described in paragraph (g) or (h) above, the Commitments shall
automatically terminate and the principal of the Loans then outstanding,
together with accrued interest thereon and any unpaid accrued Fees and all other
liabilities of the Borrowers accrued hereunder and under any other Loan
Document, shall automatically become due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby
expressly waived by the Borrowers, anything contained herein or in any other
Loan Document to the contrary notwithstanding; and in any event under paragraph
(d) arising with respect to a failure to comply with Section 6.11, unless the
conditions of the final proviso contained in paragraph (d) have been satisfied,
and at any time thereafter during the continuance of such event, subject to
Section 7.02, the Administrative Agent may, and at the request of the Required
Covenant Lenders shall, by notice to the Borrowers, take either or both of the
following actions, at the same or different times: (i) terminate forthwith the
Revolving Credit Commitments (including Revolving Commitment Increases) and
(ii) declare the Loans then outstanding in respect of the Revolving Credit
Commitments (including Revolving Commitment Increases) and the Tranche A Term
Loans to be forthwith due and payable in whole or in part, whereupon the
principal of such Loans so declared to be due and payable, together with accrued
interest thereon and any unpaid accrued Fees and all other liabilities of the
Borrowers accrued hereunder with respect to such Loans, shall become forthwith
due and payable, without presentment, demand, protest or any other notice of any
kind, all of which are hereby expressly waived by the Borrowers, anything
contained herein or in any other Loan Document to the contrary notwithstanding.

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SECTION 7.02    Equity Cure. Unless otherwise agreed by the Required Covenant
Lenders:
(a)    Notwithstanding anything to the contrary contained in Section 7.01, in
the event that the Parent Borrower fails to comply with the covenant set forth
in Section 6.11 as of the end of any relevant fiscal quarter, at any time after
the beginning of such fiscal quarter and prior to the day that is ten (10)
Business Days (the “Cure Period”) after the day on which financial statements
are required to be delivered for such fiscal quarter hereunder, Holdings or any
Permitted Investor (or any other Person so long as no Change of Control results
therefrom) may make a Specified Equity Contribution, directly or indirectly, to
the Parent Borrower, and the Parent Borrower may, at the election of the
Borrowers, apply the amount (the “Cure Amount”) of the net cash proceeds thereof
to increase EBITDA of the Parent Borrower with respect to such fiscal quarter
and all subsequent periods that include such fiscal quarter; provided that such
net cash proceeds (i) are actually received Parent Borrower as common equity no
later than ten (10) Business Days after the date on which financial statements
are required to be delivered with respect to such fiscal quarter hereunder and
(ii) are Not Otherwise Applied. The parties hereby acknowledge that this Section
7.02 may not be relied on for purposes of calculating any financial ratios other
than as applicable to Section 6.11 and shall not result in any adjustment to any
amounts other than the amount of the EBITDA referred to in the immediately
preceding sentence. If, after giving effect to the foregoing increase in EBITDA
as a result of the Cure Amount, the requirements of Section 6.11 shall be
satisfied, then the requirements of such Section shall be deemed satisfied as of
the end of the relevant fiscal quarter with the same effect as though there had
been no failure to comply therewith at such date, and the breach of such Section
that had occurred (and any resultant Event of Default or potential Event of
Default) shall be deemed retroactively not to have occurred for all purposes of
the Loan Documents. The Parent Borrower shall have the right at any time during
the Cure Period to give the Administrative Agent notice from a Responsible
Officer that it intends to make a Specified Equity Contribution (a “Notice of
Intent to Cure”) which shall include a representation stating the expected date
of the Specified Equity Contribution and the proposed source of funds (or
otherwise be in a form reasonably satisfactory to the Administrative Agent).
Upon the delivery by the Parent Borrower of a Notice of Intent to Cure, any
resultant Event of Default or potential Event of Default shall be deemed
retroactively not to have occurred for purposes of this Agreement; provided,
however, that the Borrowers shall not be permitted to borrow Revolving Loans or
Swingline Loans or issue Letters of Credit until such Specified Equity
Contribution has been made and the requirements of Section 6.11 are satisfied;
provided further that if the Specified Equity Contribution is not made before
the expiration of the Cure Period, such Event of Default or potential Event of
Default shall be deemed reinstated and the Borrowers shall not be permitted to
incur Revolving Loans or Swingline Loans or issue Letters of Credit as otherwise
provided under this sentence. Neither the Administrative Agent nor any Lender
shall exercise the right to accelerate the Loans or terminate the Commitments
and none of the Administrative Agent, the Collateral Agent, any Lender or any
Secured Party shall exercise any right to foreclose on or take possession of the
Collateral or exercise any other remedy pursuant to the Loan Documents or
applicable law prior to the expiration of the Cure Period solely on the basis of
an Event of Default having occurred and being continuing under Section 6.11.
(b)    (i) In each period of four consecutive fiscal quarters, there shall be at
least two fiscal quarters in which no Specified Equity Contribution is made,
(ii) no more than five Specified Equity Contributions shall be made in the
aggregate during the term of this Agreement, (iii) the amount of any Specified
Equity Contribution shall be no more than the amount required to cause the
Borrowers to be in compliance with Section 6.11 for any applicable period and
(iv) there shall be no pro forma reduction in Indebtedness (including as a
result of netting) with the proceeds of any Specified Equity Contribution for
determining compliance with Section 6.11 for the fiscal quarter in which the
Specified Equity Contribution is made (it being understood and agreed that
actual reductions in Indebtedness with the proceeds of any Specified Equity
Contributions may be given effect for the fiscal quarters in which such
reductions occur for purposes of determining compliance with Section 6.11).

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ARTICLE VIII
The Administrative Agent and the Collateral Agent
SECTION 8.01    Appointment and Authority.
(a)Each of the Lenders and each Issuing Bank hereby irrevocably appoints the
Administrative Agent and the Collateral Agent (the Administrative Agent and the
Collateral Agent are referred to collectively as the “Agents”) its agent and
authorizes the Agents to take such actions on its behalf and to exercise such
powers as are delegated to such Agent by the terms of the Loan Documents,
together with such actions and powers as are reasonably incidental thereto.
Without limiting the generality of the foregoing, the Agents are hereby
expressly authorized to execute any and all documents (including releases) with
respect to the Collateral and the rights of the Secured Parties with respect
thereto, as contemplated by and in accordance with the provisions of this
Agreement and the Security Documents.
(b)The bank serving as the Administrative Agent and/or the Collateral Agent
hereunder shall have the same rights and powers in its capacity as a Lender as
any other Lender and may exercise the same as though it were not an Agent, and
such bank and its Affiliates may accept deposits from, lend money to and
generally engage in any kind of business with the Borrowers or any subsidiary or
other Affiliate thereof as if it were not an Agent hereunder.
SECTION 8.02    Exculpatory Provisions.
(a)Neither Agent shall have any duties or obligations except those expressly set
forth in the Loan Documents. Without limiting the generality of the foregoing,
(a) neither Agent shall be subject to any fiduciary or other implied duties,
regardless of whether a Default or Event of Default has occurred and is
continuing, (b) neither Agent shall have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and
powers expressly contemplated hereby that such Agent is instructed in writing to
exercise by the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary under the circumstances as provided in
Section 9.08), (c) each Agent shall be fully justified in failing or refusing to
take any action under any Loan Document unless it shall first receive such
advice or concurrence of the relevant Required Lenders as it deems appropriate
and, if it so requests, it shall first be indemnified to its satisfaction by the
relevant Lenders against any and all liability and expense which may be incurred
by it by reason of taking or continuing to take any such action and (d) except
as expressly set forth in the Loan Documents, neither Agent shall have any duty
to disclose, nor shall it be liable for the failure to disclose, any information
relating to Holdings, the Borrowers or any of the subsidiaries thereof that is
communicated to or obtained by the bank serving as Administrative Agent and/or
Collateral Agent or any of its Affiliates in any capacity. Neither 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 9.08) or in the absence of its own gross negligence, bad faith or
willful misconduct or material breach of the Loan Documents (as determined by a
court of competent jurisdiction in a final and non-appealable judgment). Neither
Agent shall be deemed to have knowledge of any Default or Event of Default
unless and until written notice thereof is given to such Agent by the Parent
Borrower or a Lender, and neither 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 thereunder or in connection
therewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth in any Loan Document, (iv) the
validity, enforceability, effectiveness or genuineness of any Loan Document or
any other agreement, instrument or document, (v) the perfection or priority of
any Lien or security interest created or purported to be created under the
Security Documents or (vi) the satisfaction of any condition

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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.
SECTION 8.03    Reliance by the Administrative Agent.
(a)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 may also rely upon any
statement made to it orally or by telephone and believed by it to have been 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 Borrowers
or any Affiliate thereof), independent accountants and other experts selected by
it, and shall not be liable for any action taken or not taken by it in good
faith and in accordance with the advice of any such counsel, accountants or
experts.
(b)For purposes of determining compliance with the conditions specified in
Section 4.02, each Lender that has signed this Agreement shall be deemed to have
consented to, approved or accepted or to be satisfied with, each document or
other matter required thereunder to be consented to or approved by or acceptable
or satisfactory to a Lender unless the Administrative Agent shall have received
notice from such Lender prior to the proposed Closing Date specifying its
objection thereto.
SECTION 8.04    Delegation of Duties.
(a)    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 it. Each Agent and
any such sub-agent may perform any and all its duties and exercise its rights
and powers by or 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 credit
facilities provided for herein as well as activities as Agent.
SECTION 8.05    Resignation of Administrative Agent.
(a)Subject to the appointment and acceptance of a successor Agent as provided
below, any Agent may resign at any time by notifying in writing the relevant
Lenders, each Issuing Bank (if applicable) and the Parent Borrower. Upon receipt
of any such notice of resignation of the Administrative Agent or the Collateral
Agent, the Required Lenders shall have the right, with the consent of the Parent
Borrower (such consent not to be unreasonably withheld, and provided that no
such consent of the Parent Borrower shall be required if an Event of Default has
occurred and is continuing under paragraphs (g)(i) or (h) of Article VII), to
appoint a successor (other than a Disqualified Institution) which shall be a
commercial banking institution organized under the laws of the United States or
any State or a United States branch or agency of a commercial banking
institution, in each case having a combined capital and surplus of at least
$500,000,000. If the Administrative Agent becomes a Defaulting Lender, the
Parent Borrower may remove such Defaulting Lender from such role upon 15 days’
notice to the Lenders (the date of such removal, the “Removal Effective Date”).
(b)If no successor Agent is appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the resigning Agent gives notice
of its resignation, the resigning Agent may appoint, after consulting with the
relevant Lenders and the Parent Borrower, a successor Agent from among the
relevant Lenders. If no successor Agent has accepted appointment as the
successor Agent by the date which is 30 days following the retiring Agent’s
notice of resignation, the retiring Agent’s resignation shall nevertheless
thereupon become effective and the relevant Lenders shall perform all of the
duties of such Agent hereunder until such time, if any, as the Required Lenders,
appoint a successor

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Agent as provided for above (except in the case of the Collateral Agent holding
collateral security on behalf of any Secured Parties, the resigning Collateral
Agent shall continue to hold such collateral security as nominee until such time
as a successor Collateral Agent is appointed). Upon the acceptance of any
appointment as an Agent hereunder by a successor and upon the execution and
filing or recording of such financing statements, or amendments thereto, and
such amendments or supplements to the Security Documents, and such other
instruments or notices, as may be necessary or desirable, or as the Required
Lenders may request, in order to (a) continue the perfection of the Liens
granted or purported to be granted by the Security Documents or (b) otherwise
ensure that the obligations under Section 5.09 are satisfied, the successor
Agent shall thereupon succeed to and become vested with all the rights, powers,
discretion, privileges, and duties of the retiring Agent, and the retiring Agent
shall be discharged from its duties and obligations under the Loan Documents.
The fees payable by the Parent Borrower to a successor Agent shall be the same
as those payable to its predecessor unless otherwise agreed between the Parent
Borrower and such successor. After an Agent’s resignation hereunder or the
occurrence of any Removal Effective Date, the provisions of this Article and
Section 9.05 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 acting as Agent.
(c)Any resignation by Citibank, N.A. as Administrative Agent pursuant to this
Section 8.05 shall also constitute its resignation as an Issuing Bank and the
Swingline Lender. If Citibank, N.A. resigns as an Issuing Bank, it shall retain
all the rights, powers, privileges and duties of an Issuing Bank hereunder with
respect to all Letters of Credit outstanding as of the effective date of its
resignation as an Issuing Bank and all L/C Exposure with respect thereto,
including the right to require the Lenders to make ABR Loans or fund risk
participations in unreimbursed L/C Disbursements pursuant to Section 2.23. If
Citibank, N.A. resigns as Swingline Lender, it shall retain all the rights of
the Swingline Lender provided for hereunder with respect to the Swingline Loans
made by it and outstanding as of the effective date of such resignation,
including the right to require the Lenders to make ABR Loans or fund risk
participations in outstanding Swingline Loans pursuant to Section 2.22. Upon the
appointment by the Borrower of a successor Issuing Bank or Swingline Lender
hereunder (which successor shall in all cases be a Lender other than a
Defaulting Lender) (i) such successor shall succeed to and become vested with
all of the rights, powers, privileges and duties of the retiring Issuing Bank
and Swingline Lender, (ii) the retiring Issuing Bank and Swingline Lender shall
be discharged from all of their respective duties and obligations hereunder or
under the other Loan Documents, and (iii) the successor Issuing Bank shall issue
letters of credit in substitution for the Letters of Credit, if any, outstanding
at the time of such succession or make other arrangements satisfactory to the
retiring Issuing Bank to effectively assume the obligations of the retiring
Issuing Bank with respect to such Letters of Credit.
SECTION 8.06    No Other Duties, Etc.
(a)None of Lenders or other Persons identified on the cover page or signature
pages of this Agreement as a “syndication agent,” “documentation agent,”
“bookrunner” or “arranger” shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than those applicable to all
Lenders as such. Without limiting the foregoing, none of the Lenders or other
Persons so identified shall have or be deemed to have any fiduciary relationship
with any Lender.
SECTION 8.07    Non-Reliance on Administrative Agent and Other Lenders.
(a)Each Lender acknowledges that it has, independently and without reliance upon
the Agents, the Arrangers 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, the Arrangers or any
other Lender and based on such documents and information as it shall from time
to time deem appropri-

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ate, continue to make its own decisions in taking or not taking action under or
based upon this Agreement or any other Loan Document, any related agreement or
any document furnished hereunder or thereunder.
SECTION 8.08    Withholding Tax Indemnity.
(a)To the extent required by any applicable law, the Administrative Agent may
withhold from any payment to any Lender an amount equivalent to any applicable
withholding Tax. If the Internal Revenue Service or any other Governmental
Authority asserts a claim that the Administrative Agent did not properly
withhold Tax from amounts paid to or for the account of any Lender for any
reason (including because the appropriate form was not delivered or was not
properly executed or because such Lender failed to notify the Administrative
Agent of a change in circumstance which rendered the exemption from, or
reduction of, withholding Tax ineffective), such Lender shall indemnify the
Administrative Agent fully for all amounts paid, directly or indirectly, by the
Administrative Agent as Tax or otherwise, including any penalties, additions to
tax or interest and together with all expenses (including legal expenses,
allocated internal costs and out-of-pocket expenses) incurred, whether or not
such Tax was correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or
liability delivered to any Lender by the Administrative Agent shall be
conclusive absent manifest error. Each Lender hereby authorizes the
Administrative Agent to set off and apply any and all amounts at any time owing
to such Lender under this Agreement or any other Loan Document against any
amount due the Administrative Agent under this paragraph. The agreements in this
paragraph shall survive the resignation and/or replacement of the Administrative
Agent, any assignment of rights by, or the replacement of, a Lender, the
termination of this Agreement and the repayment, satisfaction or discharge of
all other obligations.
SECTION 8.09    Administrative Agent May File Proof of Claims.
(a)In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to any Loan Party, the Administrative Agent and the
Collateral Agent (irrespective of whether the Obligations shall then be due and
payable as herein expressed or by declaration or otherwise and irrespective of
whether such Agent shall have made any demand on the Borrowers) shall be
entitled and empowered, by intervention in such proceeding or otherwise;
(i)to file and prove a claim for the whole amount of the Obligations and to file
such other documents as may be necessary or advisable in order to have the
claims of the Lenders and each Agent or (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders and each Agent
and their respective agents and counsel and all other amounts due such Lenders
and the Administrative Agent under Section 2.05 and 9.05) allowed in such
judicial proceeding; and
(ii)to collect and receive any monies or other property payable or deliverable
on any such claims and to distribute the same;
and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by
each Lender to make such payments to such Agent and, in the event such Agent
shall consent to the making of such payments directly to the Lenders, to pay to
the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Agents and their respective agents
and counsel, and any other amounts due the Administrative Agent under Sections
2.05 and 9.05.

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(b)Nothing contained herein shall be deemed to authorize any Agent to authorize
or consent to or accept or adopt on behalf of any relevant Lender any plan or
reorganization, arrangement, adjustment or composition affecting the Obligations
or the rights of any relevant Lender to authorize such Agent to vote in respect
of the claim of any such Lender in any such proceeding.
(c)Each Issuing Bank shall act on behalf of the Lenders with respect to any
Letters of Credit issued by it and the documents associated therewith, and each
Issuing Bank shall have all of the benefits and immunities (i) provided to the
Agents in this Article VIII with respect to any acts taken or omissions suffered
by such Issuing Bank in connection with Letters of Credit issued by it or
proposed to be issued by it and the applications and agreements for letters of
credit pertaining to such Letters of Credit as fully as if the term “Agent” as
used in this Article VIII included such Issuing Bank with respect to such acts
or omissions and (ii) as additionally provided herein with respect to such
Issuing Bank.
(d)The Secured Parties hereby irrevocably authorize the Administrative Agent, at
the direction of the Required Lenders, to credit bid all or any portion of the
Obligations (including accepting some or all of the Collateral in satisfaction
of some or all of the Secured Obligations pursuant to a deed in lieu of
foreclosure or otherwise) and in such manner purchase (either directly or
through one or more acquisition vehicles) all or any portion of the Collateral
(a) at any sale thereof conducted under the provisions of the Bankruptcy Code of
the United States, including under Sections 363, 1123 or 1129 of the Bankruptcy
Code of the United States, or any similar Laws in any other jurisdictions to
which a Loan Party is subject, (b) at any other sale or foreclosure or
acceptance of collateral in lieu of debt conducted by (or with the consent or at
the direction of) the Administrative Agent (whether by judicial action or
otherwise) in accordance with any applicable law. In connection with any such
credit bid and purchase, the Obligations owed to the Secured Parties shall be
entitled to be, and shall be, credit bid on a ratable basis (with Obligations
with respect to contingent or unliquidated claims receiving contingent interests
in the acquired assets on a ratable basis that would vest upon the liquidation
of such claims in an amount proportional to the liquidated portion of the
contingent claim amount used in allocating the contingent interests) in the
asset or assets so purchased (or in the Equity Interests or debt instruments of
the acquisition vehicle or vehicles that are used to consummate such purchase).
ARTICLE IX
Miscellaneous
SECTION 9.01    Notices. 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 fax, as follows:
(a)    if to the Borrowers, to them at:
c/o VWR International, Inc.
Radnor Corporate Center
Building One, Suite 200
P.O. Box 6660
100 Matsonford Road
Radnor, PA 19087
Attention of: James M. Kalinovich, Vice President and Treasurer, and George Van
Kula, Senior Vice President, General Counsel and Secretary
(Fax No. (484) 881-5638 and (484) 881-6535)
Email address: James_Kalinovich@vwr.com and George_VanKula@vwr.com

(b)    if to Citibank, N.A. as Administrative Agent, to:
Citibank, N.A.
1615 Brett Road, Ops III
New Castle, DE 19720
302-894-6010 (Phone)
646-274-5080 (Fax)
Global.Loans.Support@Citi.com
(c)    if to Citibank, N.A. as Swingline Lender, to:
Citibank, N.A.
1615 Brett Road, Ops III
New Castle, DE 19720
302-894-6010 (Phone)
646-274-5080 (Fax)
GLAgentOfficeOps@citi.com

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(d)    if to Citibank, N.A. as an Issuing Bank, to:
Citibank, N.A.
c/o Citicorp North America, Inc.
Bldg B, 3rd Floor
3800 Citibank Center
Tampa, FL 33610
Attn: U.S. Standby Unit
866-945-6284 (Phone)
813-604-7187 (Fax)
leveragedfinance.middleoffice@citi.com; and

(e)    if to a Lender, to it at its address (or fax number) set forth on
Schedule 2.01 or in the Assignment and Acceptance pursuant to which such Lender
shall have become a party hereto.
All notices and other communications sent by hand or overnight courier service,
or mailed by certified or registered mail, shall be deemed to have been given
when received; notices and other communications sent by facsimile shall be
deemed to have been given when sent (except that, if not given during normal
business hours for the recipient, shall be deemed to have been given at the
opening of business on the next Business Day for the recipient). Notices and
other communications delivered through electronic communications to the extent
provided in the immediately succeeding paragraph shall be effective as provided
in such paragraph.
Notices and other communications to the Lenders and the Issuing Banks hereunder
may be delivered or furnished by electronic communication (including e-mail and
internet or intranet websites) pursuant to procedures approved by the
Administrative Agent, provided that the foregoing shall not apply to notices to
any Lender or any Issuing Bank pursuant to Article II if such Lender or such
Issuing Bank, as applicable, has notified the Administrative Agent that it is
incapable of receiving notices under such Article by electronic communication.
The Administrative Agent or the Borrower may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it, provided that approval of such procedures
may be limited to particular notices or communications.

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Unless the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by
the “return receipt requested” function, as available, return e-mail or other
written acknowledgement), provided that if such notice or other communication is
not sent during the normal business hours of the recipient, such notice or
communication shall be deemed to have been sent at the opening of business on
the next Business Day for the recipient, and (ii) notices or communications
posted to an internet or intranet website shall be deemed received upon the
deemed receipt by the intended recipient at its e-mail address as described in
the foregoing paragraph of notification that such notice or communication is
available and identifying the website address therefor.
SECTION 9.02    Survival of Agreement. All covenants, agreements,
representations and warranties made by the Borrowers herein or any other Loan
Document, shall be considered to have been relied upon by the Agents, the
Lenders and the Issuing Banks and shall survive the making by the Lenders of the
Loans and the issuance of Letters of Credit by each Issuing Bank, regardless of
any investigation made by the Agents, the Lenders or such Issuing Bank or on
their behalf, and notwithstanding that any Agent, any Lender or any Issuing Bank
may have had notice or actual knowledge of any Default at the time of any Credit
Event shall continue in full force and effect until the Termination Date. The
provisions of Sections 2.14, 2.16, 2.20 and 9.05 shall remain operative and in
full force and effect regardless of the expiration of the term of this
Agreement, the consummation of the transactions contemplated hereby, the
repayment of any of the Loans, the expiration of the Commitments, the expiration
of any Letter of Credit, the invalidity or unenforceability of any term or
provision of this Agreement or any other Loan Document, or any investigation
made by or on behalf of the Administrative Agent, the Collateral Agent, any
Lender or any Issuing Bank.
SECTION 9.03    Binding Effect. This Agreement shall become effective when it
shall have been executed by the Borrowers and 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.
SECTION 9.04    Successors and Assigns.
(a)Whenever in this Agreement any of the parties hereto is referred to, such
reference shall be deemed to include the permitted successors and assigns of
such party; and all covenants, promises and agreements by or on behalf of the
Borrowers, the Administrative Agent, the Collateral Agent, any Issuing Bank or
the Lenders that are contained in this Agreement shall bind and inure to the
benefit of their respective successors and assigns.
(b)Each Lender may assign to one or more assignees (in each case, other than to
Defaulting Lenders, natural Persons or Disqualified Institutions unless, in the
case of Disqualified Institutions, the Parent Borrower consents to such
assignment to such entity, in which case such entity will not be considered a
Disqualified Institution solely for the purpose of such assignment) all or a
portion of its interests, rights and obligations under this Agreement (including
all or a portion of its Commitment and the Loans at the time owing to it);
provided, however, that (i) each of the Administrative Agent and the Parent
Borrower must give its prior written consent to such assignment (which consent
shall not be unreasonably withheld or delayed); provided that no such consent
shall be required for an assignment of all or a portion of the Term Loans to a
Lender or to an Affiliate of a Lender or any Approved Fund thereof or an
assignment of all or a portion of any Revolving Credit Commitments or Revolving
Credit Exposure to a Revolving Credit Lender, an Affiliate of a Revolving Credit
Lender or any Approved Fund thereof (in each case, other than to Disqualified
Institutions, Defaulting Lenders and natural Persons) (each, an “Eligible
Assignee”) and the consent of the Parent Borrower shall not be required during
the continuance of any Event of Default arising under clause (b), (c), (g)(i) or
(h) of Section 7.01, (ii) in the case of any assign-

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ment of a Revolving Credit Commitment, each Issuing Bank and the Swingline
Lender must give its prior written consent (which consent shall not be
unreasonably withheld or delayed), (iii) (A) in the case of any assignment,
other than assignments to any Eligible Assignee, the amount of the Revolving
Credit Commitment of the assigning Lender (or, in the case of an assignment of
Loans after the Revolving Credit Commitment has expired or been terminated, the
aggregate principal amount of the loans of the assigning Lenders) subject to
each such assignment (determined as of the date of the Assignment and Acceptance
with respect to such assignment is delivered to the Administrative Agent) shall
not be less than $5,000,000 (or, if less, the entire remaining amount of such
Lender’s Revolving Credit Commitment (or Loans)) and shall be in an amount that
is an integral multiple of $1,000,000 (or the entire remaining amount of such
Lender’s Revolving Credit Commitment (or Loans) of the applicable Class), the
amount of the Tranche A Term Loan Commitment or Tranche A Term Loans of the
assigning Lender subject to each such assignment (determined as of the date of
the Assignment and Acceptance with respect to such assignment is delivered to
the Administrative Agent) shall not be less than $1,000,000 (or if less, the
entire remaining amount of such Lender’s Tranche A Term Loan Commitment or
Tranche A Term Loans) and shall be in an amount that is an integral multiple of
$1,000,000 (or the entire remaining amount of such Lender’s Tranche A Term Loan
Commitment or Tranche A Term Loans of the applicable Class) and the amount of
the Tranche B Term Loan Commitment or Tranche B Term Loans of the assigning
Lender subject to each such assignment (determined as of the date of the
Assignment and Acceptance with respect to such assignment is delivered to the
Administrative Agent) shall not be less than €1,000,000 (or if less, the entire
remaining amount of such Lender’s Tranche B Term Loan Commitment or Tranche B
Term Loans) and shall be in an amount that is an integral multiple of €500,000
(or the entire remaining amount of such Lender’s Tranche B Term Loan Commitment
or Tranche B Term Loans of the applicable Class), provided, however, that
simultaneous assignments by or to two or more Approved Funds shall be combined
for purposes of determining whether the minimum assignment requirement is met,
and (B) in the case of any assignment to any Eligible Assignee, after giving
effect to such assignment, the aggregate Revolving Credit Commitments (or
Loans), Term Loan Commitments or Term Loans of the assigning Lender and its
Affiliates and Approved Funds shall be zero or not less than $1,000,000 and the
aggregate Revolving Credit Commitments (or Loans) or Term Loan Commitments or
Term Loans of the assignee Lenders and their Affiliates and Approved Funds shall
be not less than $1,000,000, (iv) the parties to each such assignment shall
execute and deliver to the Administrative Agent an Assignment and Acceptance
(such Assignment and Acceptance to be (A) electronically executed and delivered
to the Administrative Agent via an electronic settlement system then acceptable
to the Administrative Agent (or, if previously agreed with the Administrative
Agent, manually), and (B) delivered together with a processing and recordation
fee of $3,500, unless waived or reduced by the Administrative Agent in its sole
discretion; provided that only one such fee shall be payable in connection with
simultaneous assignments by or to two or more Approved Funds) and (v) the
assignee, if it shall not be a Lender immediately prior to the assignment, shall
deliver to the Administrative Agent an Administrative Questionnaire and the tax
forms required under Section 2.20(e). Upon acceptance and recording pursuant to
paragraph (e) of this Section 9.04, from and after the effective date specified
in each Assignment and Acceptance, (A)  other than in connection with an
assignment pursuant to Section 9.04(m), the assignee thereunder shall be a party
hereto and, to the extent of the interest assigned by such Assignment and
Acceptance, have the rights and obligations of a Lender under this Agreement and
(B) the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Acceptance, be released from its obligations
under this Agreement (and, in the case of an Assignment and Acceptance covering
all or the remaining portion of an 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, 2.20 and 9.05
with respect to facts and circumstances occurring prior to the effective date of
such assignment, as well as to any Fees accrued for its account and not yet
paid). Any assignment or transfer that does not comply with this paragraph 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 (f) of
this Section 9.04.

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(c)By executing and delivering an Assignment and Acceptance, the assigning
Lender thereunder and the assignee thereunder shall be deemed to confirm to and
agree with each other and the other parties hereto as follows: (i) such
assigning Lender warrants that it is the legal and beneficial owner of the
interest being assigned thereby free and clear of any adverse claim and that its
Term Loan Commitment and Revolving Credit Commitment, and the outstanding
balances of its Term Loans and Revolving Loans, in each case without giving
effect to assignments thereof which have not become effective, are as set forth
in such Assignment and Acceptance, (ii) except as set forth in (i) above, such
assigning Lender makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations
made in or in connection with this Agreement, or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement,
any other Loan Document or any other instrument or document furnished pursuant
hereto, or the financial condition of Holdings, the Borrowers or any subsidiary
or the performance or observance by Holdings, the Borrowers or any subsidiary of
any of its obligations under this Agreement, any other Loan Document or any
other instrument or document furnished pursuant hereto, (iii) such assignee
represents and warrants that it is legally authorized to enter into such
Assignment and Acceptance, (iv) such assignee confirms that it has received a
copy of this Agreement, together with copies of the most recent financial
statements referred to in Section 3.05(a) or delivered pursuant to Section 5.04
and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into such Assignment and
Acceptance, (v) such assignee will independently and without reliance upon the
Administrative Agent, the Collateral Agent, such assigning Lender or any other
Lender and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking
action under this Agreement, (vi) such assignee appoints and authorizes the
Administrative Agent and the Collateral Agent to take such action as agent on
its behalf and to exercise such powers under this Agreement as are delegated to
the Administrative Agent and the Collateral Agent, respectively, by the terms
hereof, together with such powers as are reasonably incidental thereto and
(vii) such assignee agrees that it will perform in accordance with their terms
all the obligations which by the terms of this Agreement are required to be
performed by it as a Lender.
(d)The Administrative Agent, acting solely for this purpose as a non-fiduciary
agent of the Borrowers, shall maintain at one of its offices a copy of each
Assignment and Acceptance and each Affiliated Lender Assignment and Assumption
delivered to it and each notice of cancellation of any Loans delivered by the
Parent Borrower pursuant to Section 9.04(m) and a register for the recordation
of the names and addresses of the Lenders and any changes thereto, whether by
assignment or otherwise, and the Commitment of, and principal amount of the
Loans (and related interest amount and fees with respect to such Loan) owing and
paid 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 Administrative Agent, each Issuing Bank, the Collateral Agent and the
Lenders shall 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 the Borrowers and Lenders (with respect to such Lender’s own
interests only) at any reasonable time and from time to time upon reasonable
prior notice. Notwithstanding the foregoing, in no event shall the
Administrative Agent be obligated to ascertain, monitor or inquire as to whether
any Lender is an Affiliated Lender nor shall the Administrative Agent be
obligated to monitor the aggregate amount of Term Loans held by Affiliated
Lenders. Notwithstanding anything to the contrary in this Agreement, the Parent
Borrower, Holdings, the other Loan Parties and the Lenders acknowledge and agree
that in no event shall the Administrative Agent (in its capacity as such) be
responsible or have any liability for, or have any duty to ascertain, inquire
into, monitor or enforce, compliance with the provisions hereof relating to
Disqualified Institutions.  Without limiting the generality of the foregoing,
the Administrative Agent shall not (x) be obligated to ascertain, monitor or
inquire as to whether any Lender is a Disqualified Institution or (y) have any
liability with respect to any assignment or participation of Loans or
Commitments, or any disclosure of confidential information, to any Disqualified
Institution. Upon request by the Administrative Agent, the Bor-

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rower shall (i) promptly (and in any case, not less than three Business Days (or
shorter period as agreed to by the Administrative Agent) prior to the proposed
effective date of any amendment, consent or waiver pursuant to Section 9.08)
provide to the Administrative Agent, a complete list of all Affiliated Lenders
holding Term Loans or Incremental Term Loans at such time and (ii) not less than
three Business Days (or shorter period as agreed to by the Administrative Agent)
prior to the proposed effective date of any amendment, consent or waiver
pursuant to Section 9.08, provide to the Administrative Agent, a complete list
of all Debt Fund Affiliates holding Term Loans or Incremental Term Loans at such
time.
(e)Upon its receipt of, and consent to, a duly completed Assignment and
Acceptance executed by an assigning Lender and an assignee, an Administrative
Questionnaire completed in respect of the assignee (unless the assignee shall
already be a Lender hereunder), the processing and recordation fee referred to
in paragraph (b) above, if applicable, and the written consent of the
Administrative Agent, the Borrowers and the Issuing Banks to such assignment (in
each case to the extent required pursuant to paragraph (b) above) and any
applicable tax forms required by Section 2.20(e), the Administrative Agent shall
(i) accept such Assignment and Acceptance and (ii) promptly record the
information contained therein in the Register. No assignment shall be effective
unless it has been recorded in the Register as provided in this paragraph (e).
(f)Each Lender may without the consent of the Borrowers, the Swingline Lender,
any Issuing Bank or the Administrative Agent sell participations to one or more
banks or other Persons (other than a natural person, a Defaulting Lender, the
Sponsor, Holdings, any Non-Debt Fund Affiliate and, to the extent the list
thereof has been made available to all Lenders, any Disqualified Institution) in
all or a portion of its rights and obligations under this Agreement (including
all or a portion of its Commitment and the Loans owing to it and its
participations in the L/C Exposure and/or Swingline Loans); provided, that
(i) such Lender’s obligations under this Agreement shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations, (iii) the participating banks or other
Persons shall be entitled to the benefit of the cost protection provisions
contained in Sections 2.14, 2.16 and 2.20 (subject to the requirements and
limitations of such Sections, it being agreed that any documentation required to
be provided under Section 2.20(e) shall be provided solely to the participating
Lender) to the same extent as if they were Lenders (but, with respect to any
particular participant, to no greater extent than the Lender that sold the
participation to such participant, except to the extent such entitlement to a
greater amount results from a Change in Law after the participant became a
participant), (iv) to the extent permitted by applicable law, each participant
also shall be entitled to the benefits of Section 9.06 as though it were a
Lender, provided that each participant shall be subject to Section 2.18 as
though it were a Lender and (v) the Borrowers, the Administrative Agent, each
Issuing Bank, the Swingline Lender and the Lenders shall continue to deal solely
and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement, and such Lender shall retain the sole right to
enforce the obligations of the Borrowers relating to the Loans or L/C
Disbursements and to approve any amendment, modification or waiver of any
provision of this Agreement (other than amendments, modifications or waivers
described in clauses (i), (ii) and (iii) of Section 9.08(b) as it pertains to
the Loans or Commitments in which such participant has an interest). Each Lender
selling a participation to a participant shall keep a register of each such
participation, specifying such participant’s entitlement to payments of
principal and interest with respect to such participation, and the parties 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.
(g)Any Lender or participant may, in connection with any assignment or
participation or proposed assignment or participation pursuant to this
Section 9.04, disclose to the assignee or participant or proposed assignee or
participant any non-public information relating to the Borrowers furnished to
such Lender by or on behalf of the Borrowers; provided that prior to any such
disclosure, each such assignee or participant or proposed assignee or
participant shall execute an agreement whereby such assign-

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ee or participant shall agree (subject to customary exceptions) to preserve the
confidentiality of such non-public information on terms no less restrictive than
those applicable to the Lenders pursuant to Section 9.16.
(h)Any Lender may, without the consent of the Borrowers or the Administrative
Agent, at any time assign all or any portion of its rights under this Agreement
to secure extensions of credit to such Lender or in support of obligations owed
by such Lender; provided that (i) such assignment shall not increase the costs
or expenses or otherwise increase or change the obligations of the Borrowers
hereunder and (ii) no such assignment shall release a Lender from any of its
obligations hereunder or substitute any such assignee for such Lender as a party
hereto.
(i)Notwithstanding anything to the contrary contained herein, any Lender (a
“Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”),
identified as such in writing from time to time by the Granting Lender to the
Administrative Agent and the Borrowers, the option to provide to the Borrowers
all or any part of any Loan that such Granting Lender would otherwise be
obligated to make to the Borrowers pursuant to this Agreement; provided
that (i) nothing herein shall constitute a commitment by any SPC to make any
Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to
provide all or any part of such Loan, the Granting Lender shall be obligated to
make such Loan pursuant to the terms hereof. The making of a Loan by an SPC
hereunder shall utilize the Commitment of the Granting Lender to the same
extent, and as if, such Loan were made by such Granting Lender. Each party
hereto hereby agrees that (x) neither the grant to any SPC nor the exercise by
any SPC of such option shall increase the costs or expenses or otherwise
increase or change the obligations of the Borrowers hereunder; provided that an
SPC may be entitled to a greater payment under Section 2.14, Section 2.16 or
Section 2.20 to the extent such entitlement to a greater payment results from a
Change in Law after the grant is made (y) no SPC shall be liable for any
indemnity or similar payment obligation under this Agreement (all liability for
which shall remain with the Granting Lender) and (z) the Granting Lender shall
for all purposes remain the Lender of record hereunder. In addition,
notwithstanding anything to the contrary contained in this Section 9.04, any SPC
may (A) with notice to, but without the prior written consent of, the Parent
Borrower and the Administrative Agent and without paying any processing fee
therefor, assign all or a portion of its interests in any Loans to the Granting
Lender and (B) disclose on a confidential basis any non-public information
relating to its funding of Loans to any rating agency, commercial paper dealer
or provider of any surety, guarantee or credit or liquidity enhancement to such
SPC.
(j)Neither the Parent Borrower nor any Foreign Subsidiary Borrower (unless the
Parent Borrower has assumed in writing all Obligations of any Foreign Subsidiary
Borrower hereunder) shall assign or delegate any of its rights or duties
hereunder (other than in a transaction permitted by Section 6.04) without the
prior written consent of the Administrative Agent, each Issuing Bank and each
Lender, and any attempted assignment without such consent shall be null and
void.
(k)If the Parent Borrower wishes to replace the Loans or Commitments under any
Credit Facility with ones having different terms, it shall have the option, with
the consent of the Administrative Agent and subject to at least three Business
Days’ advance notice to the Lenders under such Credit Facility, instead of
prepaying the Loans or reducing or terminating the Commitments to be replaced,
to (i) require the Lenders under such Credit Facility to assign such Loans or
Commitments to the Administrative Agent or its designees and (ii) amend the
terms thereof in accordance with Section 9.08 (with such replacement, if
applicable, being subject to, and deemed to have been made pursuant to, Section
9.08(d)). Pursuant to any such assignment, all Loans and Commitments to be
replaced shall be purchased at par (allocated among the Lenders under such
Credit Facility in the same manner as would be required if such Loans were being
optionally prepaid or such Commitments were being optionally reduced or
terminated by the Borrowers), accompanied by payment of any accrued interest and
fees thereon and any amounts owing pursuant to Section 2.16. By receiving such
purchase price, the Lenders under such Credit Facility

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shall automatically be deemed to have assigned the Loans or Commitments under
such Credit Facility pursuant to the terms of an Assignment and Acceptance, and
accordingly no other action by such Lenders shall be required in connection
therewith. The provisions of this paragraph are intended to facilitate the
maintenance of the perfection and priority of existing security interests in the
Collateral during any such replacement.
(l)Any Lender may, so long as no Event of Default has occurred and is
continuing, at any time, without any consent, assign all or a portion of its
rights and obligations with respect to any Class of Term Loans under this
Agreement to a Person who is or will become, after such assignment, an
Affiliated Lender through (x) Dutch auctions open to all Lenders holding Term
Loans of such Class on a pro rata basis in accordance with procedures of the
type described in Section 2.12(f) or (y) open market purchases on a non-pro rata
basis, in each case subject to the following limitations:
(i)no assignment of Term Loans to an Affiliated Lender may be purchased with the
proceeds of any Revolving Loan or Swingline Loan;
(ii)the assigning Lender and the Affiliated Lender purchasing such Lender’s Term
Loans shall execute and deliver to the Administrative Agent an assignment
agreement substantially in the form of Exhibit I hereto (an “Affiliated Lender
Assignment and Assumption”);
(iii)Affiliated Lenders (A) will not receive information provided solely to
Lenders by the Administrative Agent or any Lender, other than the right to
receive notices of prepayments and other administrative notices in respect of
its Loans or Commitments required to be delivered to Lenders pursuant to
Article II, (B) will not be permitted to attend or participate in conference
calls or meetings attended solely by the Lenders and the Administrative Agent
and (C) will not receive advice of counsel to the Administrative Agent and the
Lenders;
(iv)in connection with each assignment pursuant to this Section 9.04(l), the
assigning Lender and the Affiliated Lender purchasing such Lender’s Term Loans
shall render customary “big boy” letters to each other (and, in connection with
any assignments pursuant to clause (x) above, the Auction Agent) regarding
information that is not known to such assigning Lender that may be material to
the decision by such assigning Lender to enter into such assignment to such
Affiliated Lender; and
(v)the aggregate principal amount of Term Loans (as of the date of consummation
of any transaction under this Section 9.04(l)) held at such time by all
Affiliated Lenders shall not exceed 25% of the principal amount of all Term
Loans outstanding as of the date of such transaction (such percentage, the
“Affiliated Lender Cap”).
Each Affiliated Lender agrees to notify the Administrative Agent promptly (and
in any event within 10 Business Days) if it acquires any Person who is also a
Lender, and each Lender agrees to notify the Administrative Agent promptly (and
in any event within 10 Business Days) if it becomes an Affiliated Lender. Such
notice shall contain the type of information required and be delivered to the
same addressee as set forth in Exhibit B-2.
Each Lender participating in any assignment to Affiliated Lenders acknowledges
and agrees that in connection with such assignment, (1) the Affiliated Lenders
then may have, and later may come into possession of Excluded Information,
(2) such Lender has independently and, without reliance on the Affiliated
Lenders or any of their subsidiaries, Holdings, the Parent Borrower or any of
their subsidiaries, the Administrative Agent or any other Agent-Related Persons,
has made its own analysis and determination to participate in such assignment
notwithstanding such Lender’s lack of knowledge of the Excluded

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Information, (3) none of the Parent Borrower, Company Parties or Sponsor or any
of their respective Affiliates shall be required to make any representation that
it is not in possession of material non-public information, (4) none of the
Affiliated Lenders or any of their subsidiaries, Holdings, the Parent Borrower
or their respective subsidiaries, the Administrative Agent or any other
Agent-Related Persons shall have any liability to such Lender, and such Lender
hereby waives and releases, to the extent permitted by law, any claims such
Lender may have against the Affiliated Lenders and any of their subsidiaries,
Holdings, the Parent Borrower and their respective subsidiaries, the
Administrative Agent and any other Agent-Related Persons, under applicable laws
or otherwise, with respect to the nondisclosure of the Excluded Information and
(5) that the Excluded Information may not be available to the Administrative
Agent or the other Lenders.
Notwithstanding anything to the contrary in the Loan Documents, any Term Loans
assigned to an Affiliated Lender in accordance with this Section 9.04(l) or
Section 9.04(p) may be contributed to Holdings or any of its Restricted
Subsidiaries and be exchanged for debt or equity securities of the Parent
Borrower (or any of its direct or indirect parent) to the extent otherwise
permitted herein, in which case Holdings, the Parent Borrower and its Restricted
Subsidiaries shall comply with Sections 9.04(m)(ii), (iii), (iv) and (v) (with
any references to the Parent Borrower in such sections to be deemed to include
any applicable Restricted Subsidiary) and, for the avoidance of doubt, any other
assignment to Holdings or its Restricted Subsidiaries shall be consummated only
pursuant to Section 9.04(m) below.
(m)Any Lender may, so long as no Event of Default has occurred and is
continuing, at any time, without any consent, assign all or a portion of its
rights and obligations with respect to any Class of Term Loans under this
Agreement to Holdings, the Parent Borrower or any Restricted Subsidiary through
(x) Dutch auctions open to all Lenders holding Term Loans of such Class on a pro
rata basis in accordance with procedures of the type described in
Section 2.12(f) or (y) notwithstanding Sections 2.17 and 2.18 or any other
provision in this Agreement, open market purchase on a non-pro rata basis, in
each case subject to the following:
(i)no assignment of Term Loans to Holdings, the Parent Borrower or a Restricted
Subsidiary may be purchased with the proceeds of any Revolving Loan or Swingline
Loan;
(ii)the assigning Lender and Holdings, the Parent Borrower or such Restricted
Subsidiary, as applicable, shall execute and deliver to the Administrative Agent
an Affiliated Lender Assignment and Assumption substantially in the form of
Exhibit I hereto;
(iii)if Holdings or a Restricted Subsidiary is the assignee, upon such
assignment, transfer or contribution, Holdings or such Restricted Subsidiary, as
applicable, shall automatically be deemed to have contributed or distributed, as
applicable, the principal amount of such Term Loans, plus all accrued and unpaid
interest thereon, to the Parent Borrower;
(iv)if the Parent Borrower is the assignee (including through contribution or
transfers set forth in clause (iii) above), (a) the principal amount of such
Term Loans, along with all accrued and unpaid interest thereon, so contributed,
distributed, assigned or transferred to the Parent Borrower shall be deemed
automatically cancelled and extinguished on the date of such contribution,
assignment or transfer, (b) the aggregate outstanding principal amount of Term
Loans of the remaining Lenders shall reflect such cancellation and
extinguishment of the Term Loans then held by the Parent Borrower and (c) the
Parent Borrower shall promptly provide notice to the Administrative Agent of
such contribution, distribution, assignment or transfer of such Term Loans, and
the Administrative Agent, upon receipt of such notice, shall reflect the
cancellation of the applicable Term Loans in the Register; and

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(v)in connection with each assignment pursuant to this Section 9.04(m), the
assigning Lender and Holdings, the Parent Borrower or such Restricted
Subsidiary, as applicable, shall render customary “big boy” letters to each
other (and, in connection with any assignments pursuant to clause (x) above, the
Auction Agent) regarding information that is not known to such assigning Lender
that may be material to the decision by such assigning Lender to enter into such
assignment to Holdings, the Parent Borrower or such Restricted Subsidiary, as
applicable.
Each Lender participating in any assignment pursuant to this clause (m)
acknowledges and agrees that in connection with such assignment, (1) Holdings
and its subsidiaries then may have, and later may come into possession of
Excluded Information, (2) such Lender has independently and, without reliance on
Holdings or any of its subsidiaries or Affiliates, the Administrative Agent or
any other Agent-Related Persons, has made its own analysis and determination to
participate in such assignment notwithstanding such Lender’s lack of knowledge
of the Excluded Information, (3) none of the Parent Borrower, Company Parties or
Sponsor or any of their respective Affiliates shall be required to make any
representation that it is not in possession of material non-public information,
(4) none of Holdings or its subsidiaries or Affiliates, the Administrative Agent
or any other Agent-Related Persons shall have any liability to such Lender, and
such Lender hereby waives and releases, to the extent permitted by law, any
claims such Lender may have against the Parent Borrower and its subsidiaries and
Affiliates, the Administrative Agent and any other Agent-Related Persons, under
applicable laws or otherwise, with respect to the nondisclosure of the Excluded
Information and (5) the Excluded Information may not be available to the
Administrative Agent or the other Lenders.
(n)Notwithstanding anything in Section 9.08 or the definition of “Required
Lenders” or “Required Covenant Lenders” to the contrary, for purposes of
determining whether the Required Lenders or the Required Covenant Lenders, as
applicable, have (i) consented (or not consented) to any amendment,
modification, waiver, consent or other action with respect to any of the terms
of any Loan Document or any departure by any Loan Party therefrom, or subject to
Section 9.04(o), any plan of reorganization pursuant to the U.S. federal
Bankruptcy Code, (ii) otherwise acted on any matter related to any Loan
Document, or (iii) directed or required the Administrative Agent or any Lender
to undertake any action (or refrain from taking any action) with respect to or
under any Loan Document, no Affiliated Lender shall have any right to consent
(or not consent), otherwise act or direct or require the Administrative Agent or
any Lender to take (or refrain from taking) any such action and:
(A)    all Term Loans held by Affiliated Lenders shall be deemed to be not
outstanding for all purposes of calculating whether the Required Lenders or the
Required Covenant Lenders, as applicable, have taken any actions; and
(B)    all Term Loans held by Affiliated Lenders shall be deemed to be not
outstanding for all purposes of calculating whether all Lenders have taken any
action unless the action in question adversely affects such Affiliated Lender in
any material respect as compared to other Lenders.
(o)Additionally, the Loan Parties and Affiliated Lenders hereby agree that if a
case under Title 11 of the United States Code is commenced by or against any
Loan Party, such Loan Party shall seek (and the Affiliated Lenders shall
consent) to provide that the vote of the Affiliated Lenders with respect to any
plan of reorganization of such Loan Party shall be counted in the same
proportion as all other Lenders, except that Affiliated Lenders’ vote may be
counted to the extent any such plan of reorganization (i) proposes to treat the
Obligations held by Affiliated Lenders in a manner that is less favorable in any
material respect to the Affiliated Lenders (in their respective capacities as
Lenders) than the proposed treatment of similar Obligations held by Lenders that
are not Affiliates of the Parent Borrower, (ii) would deprive the Affiliated
Lenders of their Pro Rata Percentage of any payments to which all Lenders are
enti-

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tled or (iii) requires the consent of each Lender or each affected Lender. The
Affiliated Lenders hereby irrevocably appoint the Administrative Agent (such
appointment being coupled with an interest) as the Affiliated Lenders’
attorney-in-fact, with full authority in the place and stead of the Affiliated
Lenders and in the name of the Affiliated Lenders, from time to time in the
Administrative Agent’s discretion to take any action and to execute any
instrument that the Administrative Agent may deem reasonably necessary to carry
out the provisions of this Section 9.04(o).
(p)Although Debt Fund Affiliates shall not be subject to the provisions of
Section 9.04(n) or 9.04(o), any Lender may, at any time, assign all or a portion
of its rights and obligations with respect to any Class of Loans or Commitments
under this Agreement to a Person who is or will become, after such assignment, a
Debt Fund Affiliate only through (x) Dutch auctions open to all Lenders holding
such Class of Loans or Commitments on a pro rata basis in accordance with
procedures of the type described in Section 2.12(f) or (y) open market purchases
on a non-pro rata basis. Notwithstanding anything in Section 9.08 or the
definition of “Required Lenders” to the contrary, for purposes of determining
whether the Required Lenders have (i) consented (or not consented) to any
amendment, modification, waiver, consent or other action with respect to any of
the terms of any Loan Document or any departure by any Loan Party therefrom,
(ii) otherwise acted on any matter related to any Loan Document or
(iii) directed or required the Administrative Agent or any Lender to undertake
any action (or refrain from taking any action) with respect to or under any Loan
Document, all Term Loans, Revolving Credit Commitments and Revolving Loans held
by Debt Fund Affiliates may not account for more than 49.9% of the Term Loans,
Revolving Credit Commitments and Revolving Loans of consenting Lenders included
in determining whether the Required Lenders have consented to any action
pursuant to Section 9.08.
SECTION 9.05    Expenses; Indemnity.
(a)The Parent Borrower agrees to pay (and, to the extent directly attributable
to Revolving Loans made to any Foreign Subsidiary Borrower hereunder, such
Foreign Subsidiary Borrower shall, jointly and severally with the Parent
Borrower, agree to pay) (i) all reasonable out-of-pocket expenses (but limited,
as to legal fees and expenses, to those of Cahill Gordon & Reindel llp, counsel
for the Agents and the Arrangers taken as a whole, and, if reasonably necessary,
of one local counsel in any material jurisdiction) incurred by the Arrangers and
the Agents, in connection with the syndication of the Credit Facilities and the
preparation and administration of this Agreement and the other Loan Documents or
in connection with any amendments, modifications or waivers of the provisions
hereof or thereof (whether or not the transactions hereby or thereby
contemplated shall be consummated) and (ii) all reasonable out-of-pocket
expenses (but limited, as to legal fees and expenses, to one counsel for all
such Persons taken as a whole, and, if reasonably necessary, of one local
counsel to all such Persons taken as a whole in any relevant jurisdiction;
provided that if the representation of such Persons (or any portion thereof) by
the same counsel would be inappropriate due to actual or potential differing
interests between them, then such expenses shall include the reasonable legal
fees and expenses of one separate counsel to such Persons, taken as a whole, in
each relevant jurisdiction) incurred by the Agents, any Issuing Bank, the
Swingline Lender or any Lender in connection with the enforcement or protection
of its rights or remedies in connection with this Agreement and the other Loan
Documents or in connection with the Loans made or Letters of Credit issued
hereunder.
(b)The relevant Borrower agrees to indemnify each Arranger, each Agent, each
Agent-Related Person, each Lender, each Issuing Bank, the Swingline Lender and
each of the foregoing Persons’ Affiliates and the respective directors,
officers, employees and agents of such Person and such Person’s Affiliates and
their successors and assigns (each such Person being called an “Indemnitee”)
against, and to hold each Indemnitee harmless from, any and all costs, expenses
(including reasonable fees, out-of-pocket disbursements and other charges of one
counsel to the Indemnitees, taken as a whole, and one local counsel to the
Indemnitees taken as a whole in each relevant jurisdiction; provided that if
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more Indemnitees shall have reasonably concluded that there may be legal
defenses available to it that are different from or in addition to those
available to one or more other Indemnitees or (ii) the representation of the
Indemnitees (or any portion thereof) by the same counsel would be inappropriate
due to actual or potential differing interests between them, then such expenses
shall include the reasonable fees, out-of-pocket disbursements and other charges
of one separate counsel to such Indemnitees, taken as a whole, in each relevant
jurisdiction), and liabilities of such Indemnitee arising out of or in
connection with (w) the execution or delivery of this Agreement or any other
Loan Document or any agreement or instrument contemplated thereby, the
performance by the parties thereto of their respective obligations thereunder or
the consummation of the Transactions and the other transactions contemplated
thereby (including the syndication of the Credit Facilities), (x) the use of the
proceeds of the Loans or issuance of Letters of Credit, (y) any actual or
prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether or not any Indemnitee is a party thereto (and regardless
of whether such matter is initiated by a third party or by the Borrowers, any
other Loan Party or any of their respective Affiliates), or (z) any actual or
alleged presence or Release of Hazardous Materials on any property currently or
formerly owned or operated by Holdings, the Borrowers or any of the
subsidiaries, or any liability under Environmental Laws related in any way to
Holdings, the Borrowers or the subsidiaries; provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such costs, expenses
or liabilities (x) resulted from the gross negligence, bad faith, fraud or
willful misconduct of such Indemnitee (or its Affiliates and the respective
directors, officers, employees and agents of such Indemnitee and such
Indemnitee’s Affiliates) (each, a “related party” of such Indemnitee) or
material breach of its (or any of its related parties’) obligations hereunder or
under any of the other Loan Documents or in connection with any transaction
contemplated hereby or thereby (as determined by a court of competent
jurisdiction in a final non-appealable judgment), (y) relate to the presence or
Release of Hazardous Materials that first occur at any property owned by
Holdings, the Borrowers or any of Holdings’ other subsidiaries after such
property is transferred to any Indemnitee, any of its related parties or any of
their respective successors or assigns by foreclosure, deed-in-lieu of
foreclosure or similar transfer or (z) resulted from any dispute solely among
Indemnitees (or their related parties) that does not arise out of any act or
omission of the Parent Borrower, any of its Subsidiaries or any direct or
indirect parent company of the Parent Borrower (other than claims against an
Indemnitee in its capacity or in fulfilling its role as an Agent or Arranger or
similar role under the Credit Facilities). The Parent Borrower shall have no
obligation to reimburse any Indemnitee for fees and expenses unless such
Indemnitee provides the Parent Borrower with an undertaking in which such
Indemnitee agrees to refund and return any and all amounts paid by the Parent
Borrower to such Indemnitee to the extent any of the foregoing items in clauses
(x) through (z) occurs. Notwithstanding the foregoing, this Section 9.05 shall
not apply to Tax matters (other than Taxes that represent liabilities,
obligations, losses, damages, etc., with respect to a non-Tax claim).
(c)To the extent that any Borrower fails to pay any amount required to be paid
by it to the Arrangers, the Administrative Agent or any other Indemnitee related
thereto under paragraph (a) or (b) of this Section 9.05 (and without limiting
its obligation to do so), each Lender severally agrees to pay to the Arrangers,
such Indemnitee and the Administrative Agent, 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 the Arrangers, the Agents, the
Issuing Banks, the Swingline Lender or such Indemnitee 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 Aggregate Revolving Credit Exposure, outstanding
Term Loans and unused Commitments at the time.
(d)To the extent permitted by applicable law, no party hereto shall assert, and
each party hereto hereby waives, any claim from (i) the use by others of
information or other materials obtained through electronic, telecommunications
or other information transmission systems, except to the extent such damages
have resulted from the willful misconduct, bad faith, fraud or gross negligence
of such par-

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ty of any of its Affiliates (as determined by a court of competent jurisdiction
in a final non-appealable judgment) or the respective directors, officers,
employees and agents of such party and such party’s Affiliates and (ii) 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 (it being agreed that this clause (ii) shall not limit the
indemnification obligations of the Borrowers (including in respect of any such
damages incurred or paid by an Indemnitee to a third party and for any
out-of-pocket expenses)).
(e)The provisions of this Section 9.05 shall survive the expiration of the term
of this Agreement, the consummation of the transactions contemplated hereby, the
repayment of any of the Loans, the expiration of the Commitments, the expiration
of any Letter of Credit, the invalidity or unenforceability of any term or
provision of this Agreement or any other Loan Document, or any investigation
made by or on behalf of the Administrative Agent, the Collateral Agent, any
Lender or the Issuing Banks. All amounts due under this Section 9.05 shall be
payable within 30 days after receipt of an invoice relating thereto setting
forth such amounts in reasonable detail.
SECTION 9.06    Right of Setoff; Payments Set Aside.
(a)If an Event of Default shall have occurred and be continuing, each Lender is
hereby authorized at any time and from time to time, except to the extent
prohibited by law, without prior notice to any Borrower or any other Loan Party,
any such notice being waived by each Borrower (on its own behalf and on behalf
of each Loan Party and its subsidiaries) to set off and apply any and all
deposits (general or special, time or demand, provisional or final) at any time
held and other indebtedness at any time owing by such Lender to or for the
credit or the account of the Borrowers against any of and all the obligations of
the Borrowers now or hereafter existing under this Agreement and other Loan
Documents held by such Lender, irrespective of whether or not such Lender shall
have made any demand under this Agreement or such other Loan Document and
although such obligations may be contingent or unmatured or denominated in a
currency different from that of the applicable deposit or indebtedness;
provided, that in the event that any Defaulting Lender shall exercise any such
right of setoff, (x) all amounts so set off shall be paid over immediately to
the Administrative Agent for further application in accordance with the
provisions of Section 2.26 and, pending such payment, shall be segregated by
such Defaulting Lender from its other funds and deemed held in trust for the
benefit of the Administrative Agent and the applicable Issuing Banks and
Lenders, and (y) the Defaulting Lender shall provide promptly to the
Administrative Agent a statement describing in reasonable detail the Obligations
owing to such Defaulting Lender as to which it exercised such right of setoff.
The rights of each Lender under this Section 9.06 are in addition to other
rights and remedies (including other rights of setoff) which such Lender may
have. Each Lender agrees promptly to notify the Parent Borrower and the
Administrative Agent after any such set off and application made by such Lender;
provided that the failure to give such notice shall not affect the validity of
such set-off and application.
(b)To the extent that any payment by or on behalf of any Borrower is made to any
Agent or any Lender, or any Agent or any Lender exercises its right of setoff,
and such payment or the proceeds of such setoff or any part thereof is
subsequently invalidated, declared to be fraudulent or preferential, set aside
or required (including pursuant to any settlement entered into by such Agent or
such Lender in its discretion) to be repaid to a trustee, receiver or any other
party, then (i) to the extent of such recovery the obligation or part thereof
originally intended to be satisfied shall be revived and continued in full force
and effect as if such payment had not been made or such setoff had not occurred,
and (ii) each Lender severally agrees to pay to the Administrative Agent upon
demand its applicable share of any amount so recovered from or repaid by any
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such payment is made at a rate per annum equal to the Federal Funds Effective
Rate from time to time in effect.
SECTION 9.07    Applicable Law. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
(OTHER THAN AS EXPRESSLY SET FORTH IN SUCH OTHER LOAN DOCUMENTS) SHALL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
EACH LETTER OF CREDIT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE
WITH, THE LAWS OR RULES DESIGNATED IN SUCH LETTER OF CREDIT, OR IF NO SUCH LAWS
OR RULES ARE DESIGNATED, THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDITS MOST RECENTLY PUBLISHED AND IN EFFECT, ON THE DATE SUCH LETTER OF CREDIT
WAS ISSUED, BY THE INTERNATIONAL CHAMBER OF COMMERCE (THE “UNIFORM CUSTOMS”)
AND, AS TO MATTERS NOT GOVERNED BY THE UNIFORM CUSTOMS, THE LAWS OF THE STATE OF
NEW YORK.
SECTION 9.08    Waivers; Amendment.
(a)No failure or delay of the Administrative Agent, the Collateral Agent, any
Lender or any Issuing Bank in exercising any power or right 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 Administrative Agent, the Collateral Agent, each Issuing
Bank 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 this Agreement or any other Loan Document or
consent to any departure by the Borrowers or any other Loan Party therefrom
shall in any event be effective unless the same shall be permitted by clause (b)
below, and then such waiver or consent shall be effective only in the specific
instance and for the purpose for which given. No notice or demand on the
Borrowers in any case shall entitle the Borrowers to any other or further notice
or demand in similar or other circumstances.
(b)Except as otherwise set forth in this Agreement, and except for those actions
expressly permitted to be taken by the Agents, neither this Agreement nor any
other Loan Document nor any provision hereof or thereof may be waived, amended
or modified except pursuant to an agreement or agreements in writing entered
into by the Required Lenders and the Loan Parties that are party thereto and are
affected by such waiver, amendment or modification and acknowledged by the
Administrative Agent; provided, however, that no such agreement shall (i) reduce
the principal amount of, or extend or waive any scheduled amortization payment
or the final scheduled maturity date of or date for the payment of any interest
or premium on, any Loan or any date for reimbursement of an L/C Disbursement,
forgive any such payment or any part thereof, or decrease the rate of interest
or premium on any Loan or L/C Disbursement, without the prior written consent of
each Lender directly and adversely affected thereby (it being understood that
(x) any amendments, waiver or other modifications of any term or provision of
Section 6.11, 7.01(d) (solely as it relates to Sec-

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tion 6.11 or 7.02), 7.02 or the definition of “Consolidated First Lien Net
Leverage Ratio” (or any of its component definitions (as used in such Sections
but not as used in other Sections of this Agreement)), including pursuant to
Section 1.02, shall only require the consent of the Parent Borrower and the
Required Covenant Lenders, (y) except as set forth in clause (x), the amendment,
waiver or other modification of a Default or an Event of Default shall only
require the consent of the Parent Borrower and the Required Lenders and (z) the
amendment, waiver or modification of any default interest, mandatory prepayment
of Loans or mandatory reductions of Commitments shall only require the consent
of the Parent Borrower and the Required Class Lenders of the affected Class),
(ii) increase or extend the Commitment or decrease or extend the date for
payment of any Fees of any Lender without the prior written consent of such
Lender (it being understood that (x) any amendments, waiver or other
modifications of any term or provision of Section 6.11, 7.01(d) (solely as it
relates to Section 6.11 or 7.02), 7.02 or the definition of “Consolidated First
Lien Net Leverage Ratio” (or any of its component definitions (as used in such
Sections but not as used in other Sections of this Agreement)), including
pursuant to Section 1.02, shall only require the consent of the Required
Covenant Lenders, (y) except as set forth in clause (x), the amendment, waiver
or other modification of a Default or an Event of Default shall only require the
consent of the Parent Borrower and the Required Lenders and (z) the amendment,
waiver or modification of any default Fees, mandatory prepayment of Loans or
mandatory reductions of Commitments shall only require the consent of the Parent
Borrower and the Required Class Lenders of the affected Class), (iii) amend or
modify the provisions of Section 2.17, the provisions of Section 2.18, the
provisions of Section 9.04(j) (it being understood that any change to
Section 6.04 shall only require approval of the Required Lenders) or the
provisions of this Section 9.08 (in each case, except as set forth below)
without the prior written consent of each directly and adversely affected
Lender, (iv) release all or substantially all of the Guarantors or all or
substantially all of the Collateral (except as permitted under Section 6.04,
Section 6.05 or the Guarantee and Collateral Agreement), without the prior
written consent of each Lender, (v) except as specifically provided in Section
9.15(d), change the currency in which any Loan is denominated without the
written consent of each Lender directly affected thereby or (vi) reduce the
percentage contained in the definition of the term “Required Covenant Lenders,”
“Required Lenders,” “Required Class Lenders” or “Required Revolving Lenders”
without the prior written consent of each directly and adversely affected Lender
(it being understood that with the consent of the Required Covenant Lenders, the
Required Lenders, the Required Class Lenders or the Required Revolving Lenders
(if such consent is otherwise required) or the Administrative Agent (if the
consent of the Required Covenant Lenders, the Required Lenders, the Required
Class Lenders or the Required Revolving Lenders is not otherwise required),
additional extensions of credit pursuant to this Agreement may be included in
the determination of the Required Covenant Lenders, the Required Lenders,
Required Revolving Lenders or Required Class Lenders on substantially the same
basis as the Commitments and extensions of credit thereunder on the date hereof
and this Section may be amended to reflect such extension of credit); provided,
further, that (1) no such agreement shall amend, modify or otherwise affect the
rights or duties of the Administrative Agent, the Collateral Agent, any Issuing
Bank or the Swingline Lender hereunder or under any other Loan Document without
the prior written consent of the Administrative Agent, the Collateral Agent,
such Issuing Bank or the Swingline Lender, as the case may be; provided,
however, that this Agreement may be amended to adjust the borrowing mechanics
related to Swingline Loans with only the written consent of the Administrative
Agent, the Swingline Lender and the Parent Borrower so long as the obligations
of the Revolving Credit Lenders are not affected thereby, (2) no such agreement
shall make any change to the documents that by its terms affects the rights of
any Class of Lenders to receive payments in any manner different than any other
Class of Lenders without the written consent of the Required Class Lenders of
such Class; (3) Section 9.04(i) may not be amended, waived or otherwise modified
without the consent of each Granting Lender all or any part of whose Loans are
being funded by an SPC at the time of such amendment, waiver or other
modification; (4) (A) the definitions of “Alternative Currency,” “Alternative
Currency Sublimit,” “Foreign Subsidiary Borrower Sublimit” and “Special Notice
Currency”, Section 9.08(g) and Schedule A may be amended by the Parent Borrower,
each Revolving Credit Lender and the Administrative Agent and (B) the definition
of “Minimum Currency Threshold” (as it relates to any Class of Term Loans or
Revolving Credit Commitments) may be amended by the Parent Borrower and Required
Class Lenders for the applicable Class of Term Loans or Revolving Credit
Commitments; (5) only the consent of the parties to the Fee Letter shall be
required to amend, modify or supplement the terms thereof; (6) (x) no Lender
consent is required to effect an Incremental Amendment, Refinancing Amendment or
the consummation of an Extension Offer (except as expressly provided in
Sections 2.24, 2.25 or 2.27 or in the following clause (y) or (z), as
applicable) or to effect any amendment expressly contemplated by Section 1.10 or
6.10, (y) in connection with an amendment that addresses solely a re-pricing
transaction in which any Class of Term Loans is Refinanced with a replacement
Class of term loans bearing (or is modified in such a manner such that the
resulting term loans bear) a lower All-In Yield (which may include other
customary technical amendments related thereto, including providing that such
replacement term loans may have a prepayment premium in connection therewith) (a
“Permitted

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Repricing Amendment”), only the consent of the Lenders holding Term Loans
subject to such permitted repricing transaction that will continue as a Lender
in respect of the repriced Class of Term Loans or modified Term Loans shall be
required for such Permitted Repricing Amendment, and (z) in connection with the
consummation of an Extension Amendment, only the consent of the Lenders that
will continue as a Lender in respect of the Extended Term Loans or Extended
Revolving Credit Commitments, as applicable, subject to such Extension Offer
shall be required for the consummation thereof; (7) the Letter of Credit
Sublimit may be increased with only the consent of the Required Revolving
Lenders, each Issuing Bank and the Administrative Agent; (8) no Lender consent
is required for any Agent to enter into, or to effect any amendment,
modification or supplement to, any intercreditor agreement or arrangement
contemplated under this Agreement or any document pertaining to any Indebtedness
permitted hereby that is permitted to be secured by the Collateral, including
any Credit Increases, any Incremental Equivalent Debt, any Permitted First
Priority Refinancing Debt or any Permitted Junior Priority Refinancing Debt, for
the purpose of adding the holders of such Indebtedness (or their Representative)
as a party thereto and otherwise causing such Indebtedness to be subject
thereto, in each case as contemplated by the terms of such intercreditor
agreement or arrangement (it being understood that any such amendment or
supplement may make such other changes to the applicable intercreditor agreement
as, in the good faith determination of the Administrative Agent, are required to
effectuate the foregoing and provided that such other changes are not adverse,
in any material respect (taken as a whole), to the interests of the Lenders and
provided, further, that no such agreement shall amend, modify or otherwise
affect the rights or duties of the Administrative Agent hereunder or under any
other Loan Document without the prior written consent of the Administrative
Agent); (9) notwithstanding anything to the contrary contained in Section 10.01,
guarantees, Security Documents and related documents executed by the Loan
Parties or the Restricted Subsidiaries in connection with this Agreement may be
in a form reasonably determined by the Administrative Agent and may be, together
with this Agreement, amended and waived with the consent of the Administrative
Agent at the request of the Parent Borrower without the need to obtain the
consent of any other Lender if such amendment or waiver is delivered in order
(x) to comply with local Law or advice of local counsel or (y) to cause such
guarantee, Security Document or other document to be consistent with this
Agreement and the other Loan Documents; (10) amendments, waiver or other
modifications of any term or provision of Section 6.11, 7.01(b) (solely as it
relates to Section 6.11 or 7.02), 7.02 or the definition of “Consolidated First
Lien Net Leverage Ratio” (or any of its component definitions (as used in such
Sections but not as used in other Sections of this Agreement)), including
pursuant to Section 1.02, may not be amended without the written consent of the
Required Covenant Lenders; and (11) notwithstanding anything to the contrary
contained in Section 10.01, if at any time after the Closing Date, the
Administrative Agent and the Parent Borrower shall have jointly identified an
ambiguity, obvious error or any error or omission of a technical or
administrative nature, in each case, in any provision of the Loan Documents,
then the Administrative Agent and the Parent Borrower shall be permitted to
amend such provision and such amendment shall become effective without any
further action or consent of any other party to any Loan Document if the same is
not objected to in writing by the Required Lenders within five Business Days
following receipt of notice thereof. Notwithstanding anything to the contrary
herein, no Defaulting Lender shall have any right to approve or disapprove any
amendment, waiver or consent hereunder (and any amendment, waiver or consent
which by its terms requires the consent of all Lenders or each affected Lender
may be effected with the consent of the applicable Lenders other than Defaulting
Lenders), except that (x) the Commitment of any Defaulting Lender may not be
increased or extended without the consent of such Lender and (y) any waiver,
amendment or modification requiring the consent of all Lenders or each directly
and adversely affected Lender that by its terms materially and adversely affects
any Defaulting Lender to a greater extent than other affected Lenders shall
require the consent of such Defaulting Lender.
(c)Notwithstanding the foregoing, in addition to any amendments effectuated
without the consent of Lenders in accordance with Sections 2.24, 2.25 and 2.27,
this Agreement (including this Section 9.08 and Section 2.17) may be amended (or
amended and restated) with the written consent of the

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Required Lenders, the Administrative Agent and the Borrowers (i) to add one or
more additional credit facilities to this Agreement and to permit the extensions
of credit from time to time outstanding thereunder and the accrued interest and
fees in respect thereof to share ratably in the benefits of this Agreement and
the other Loan Documents with the Term Loans and the Revolving Loans and the
accrued interest and Fees in respect thereof, (ii) to include appropriately the
Lenders holding such credit facilities in any determination of the Required
Lenders, the Required Revolving Lenders, the Required Class Lenders and other
definitions related to such new credit facilities and (iii) to provide class
protection for any additional credit facilities in a manner consistent with
those provided herein for the Classes of Lenders contemplated by this Agreement
as in effect on the Closing Date.
(d)Notwithstanding the foregoing, in addition, this Agreement may be amended
with the written consent of the Administrative Agent, the Parent Borrower and
the Lenders providing the relevant Replacement Term Loans (as defined below) to
permit the refinancing in whole or in part of any Class of outstanding Term
Loans (“Refinanced Term Loans”) with a replacement term loan Class hereunder
(“Replacement Term Loans”), provided that (i) the aggregate principal amount of
such Replacement Term Loans shall not exceed the aggregate principal amount of
such Refinanced Term Loans, (ii) the Applicable Percentage for such Replacement
Term Loans shall not be higher than the Applicable Percentage for such
Refinanced Term Loans, (iii) the Weighted Average Life to Maturity of such
Replacement Term Loans shall not be shorter than the Weighted Average Life to
Maturity of such Refinanced Term Loans at the time of such refinancing, (iv) all
other terms applicable to such Replacement Term Loans shall be substantially
identical to, or less favorable to the Lenders providing such Replacement Term
Loans than, those applicable to such Refinanced Term Loans, except to the extent
necessary to provide for covenants and other terms applicable to any period
after the latest final maturity of the Term Loans in effect immediately prior to
such refinancing and (v) such Replacement Term Loans shall otherwise constitute
Credit Agreement Refinancing Indebtedness.
(e)Notwithstanding the foregoing, any amendment, modification or waiver of, or
consent with respect to Section 2.13(e) with respect to the application of any
mandatory prepayment that results in a Class of Lenders being allocated a lesser
repayment than such Class would otherwise have been entitled to in the absence
of such amendment, modification or waiver, shall require the consent of the
Required Class Lenders or the Required Revolving Lenders, as applicable for such
affected Class (except in the case where additional extensions of terms loans
are being afforded substantially the same treatment afforded to the Term Loans
pursuant to this Agreement on the Closing Date).
(f)Each waiver, amendment, modification, supplement or consent made or given
pursuant to this Section 9.08 shall be effective only in the specific instance
and for the specific purpose for which given, and such waiver, amendment,
modification or supplement shall apply equally to each of the Lenders and shall
be binding on the Loan Parties, the Lenders, the Agents and all future holders
of the Loans and Commitments.
(g)Schedule B may be amended (and this Agreement may be amended as provided for
in clauses (i)(A) and (ii) below), so long as no Default or Event of Default
shall have occurred and be continuing, as follows:
(i)Schedule B will be amended to add subsidiaries as additional Foreign
Subsidiary Borrowers (provided that any such Foreign Subsidiary Borrower and its
jurisdiction of organization is reasonably satisfactory to the Administrative
Agent and further provided that this Agreement (including, without limitation,
Section 2.20 and the definition of Excluded Taxes) shall be amended as mutually
agreed by the Administrative Agent and the Parent Borrower):

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(I)if the Parent Borrower shall have provided at least ten (10) Business Days
written notice to the Administrative Agent of its intention to amend Schedule B
to add a Foreign Subsidiary Borrower (which notice shall specify the name of
such Foreign Subsidiary Borrower and its jurisdiction of organization) (with the
Administrative Agent hereby agreeing to promptly furnish any such notice
received from the Parent Borrower to each Revolving Credit Lender) and either:
(x)    the Administrative Agent shall not have received from any Potentially
Restricted Revolving Credit Lender, prior to the date occurring twenty (20)
Business Days after the Administrative Agent received the respective written
notice from the Parent Borrower, written notice to the effect that, in
accordance with then applicable credit policies of such Revolving Credit Lender,
such Revolving Credit Lender does not generally provide extensions of credit in
the jurisdiction of organization of the proposed Foreign Subsidiary Borrower or
is otherwise unable to provide extensions of credit to such Foreign Subsidiary
Borrower (with each Potentially Restricted Revolving Credit Lender, if any,
which provides such notice with respect to any jurisdiction being herein called
a “Restricted Revolving Credit Lender” with respect to such jurisdiction); or
(y)    there is one or more Restricted Revolving Credit Lenders with respect to
the relevant jurisdiction, and:
(I)    the Administrative Agent (or one or more of its Affiliates acting as the
“fronting” Revolving Credit Lender to the respective Foreign Subsidiary
Borrower) provides (it being understood that the Administrative Agent shall not
have any obligation to provide) to such Restricted Revolving Credit Lenders
“fronting” arrangements on terms and conditions customary for Citibank, N.A. and
reasonably satisfactory to such Restricted Revolving Credit Lenders (including
with respect to voting, payment of fees and interest and indemnities by any
applicable Restricted Revolving Credit Lender; it being understood that no
Borrower shall have any greater liability or obligation by reason of such
“fronting” arrangement than in would in the absence of such arrangement),
pursuant to which (a) Citibank, N.A. or its relevant Affiliate (in its
individual capacity) shall act as the “fronting” Revolving Credit Lender for
such Restricted Revolving Credit Lender(s) in respect of extensions of credit
otherwise required to be made to the respective Foreign Subsidiary Borrower
pursuant to the Revolving Loan Commitments of the respective Restricted
Revolving Credit Lender(s), and (b) such Restricted Revolving Credit Lender(s)
shall act as “indemnifying lenders” in respect of extensions of credit made by
Citibank, N.A. (in its capacity as “fronting” Revolving Credit Lender) to such
Foreign Subsidiary Borrower, in each case, to the extent not prohibited by the
laws of such Foreign Subsidiary Borrower’s jurisdiction, and
(II)    in order to implement the “fronting” and “indemnity” arrangements
described in immediately preceding clause (I), each of the Borrowers and the
Administrative Agent shall have entered into either (a) amendments to this
Agreement, the Exhibits hereto and any other Loan Documents in form and
substance reasonably satisfactory to the Administrative Agent and the Borrowers
or (b) at the option of the Ad-

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ministrative Agent (in its reasonable discretion), ancillary documents in form
and substance reasonably satisfactory to the Administrative Agent and the
Borrowers (which documents shall be thereafter deemed, for all purposes, to be
“Loan Documents” hereunder) (it being hereby acknowledged and agreed by each
Lender that such Lender shall have no right to consent to any amendment to this
Agreement effected in accordance with this clause (II) effected by the
Administrative Agent and the Borrowers unless such Lender is materially
adversely affected thereby); provided that notwithstanding any provision herein
to the contrary, in the event preceding clause (y) of this Section 9.08(g)(i)(A)
is applicable, and any Restricted Revolving Credit Lender decides for any reason
not to agree to (or avail itself of) the “fronting” and “indemnity” arrangements
provided pursuant thereto, (1) such Restricted Revolving Credit Lender shall
remain obligated to directly fund all extensions of credit pursuant to its
Revolving Credit Commitment (including, without limitation, to Foreign
Subsidiary Borrowers) unless and until (and then to the extent) it assigns such
Revolving Credit Commitment to another Person in accordance with the relevant
requirements of Section 9.04, (2) the provisions of this Section 9.08(g)(i)(A)
shall not be applicable and (3) Schedule B shall be amended in accordance with
the remaining provisions of Section 9.08(g)(i)(B) below; and
(II)upon (I) execution and delivery by the Parent Borrower, such additional
Foreign Subsidiary Borrowers and the Administrative Agent of a Joinder Agreement
substantially in the form of Exhibit H (a “Joinder Agreement”), providing for
such subsidiaries to become Foreign Subsidiary Borrowers hereunder and Grantors
under and as defined in the Guarantee and Collateral Agreement (or shall
otherwise enter into collateral and security documents reasonably satisfactory
to the Administrative Agent and providing, to the extent reasonably practicable
under relevant law, substantially the equivalent of the lien and security
interests contemplated to be provided by Grantors under the Guarantee and
Collateral Agreement), (II) delivery to the Administrative Agent of (x) in the
case of any Foreign Subsidiary Borrower the Capital Stock of which is held by a
Domestic Subsidiary, a stock pledge agreement (or, if the parent corporation of
such Foreign Subsidiary Borrower is a party to the Guarantee and Collateral
Agreement, a pledge pursuant to such agreement) covering 100% of the Capital
Stock of such Foreign Subsidiary Borrower, together with any documents and
instruments necessary to perfect the security interest to be created thereby
(provided that only 65% of the voting Capital Stock (and 100% of the non-voting
Capital Stock) of such Foreign Subsidiary Borrower shall secure the Domestic
Obligations), (y) corporate resolutions, other corporate documents, certificates
and legal opinions in respect of such additional Foreign Subsidiary Borrowers
substantially equivalent to comparable documents delivered on the Closing Date
in respect of the Loan Parties on the Closing Date and (z) such other documents
with respect thereto as the Administrative Agent shall reasonably request, and
(III) execution and delivery by the Parent Borrower, such Foreign Subsidiary
Borrower, all of the Revolving Credit Lenders and the Administrative Agent of a
written instrument providing for such amendment to Schedule B; provided that the
Parent Borrower and its subsidiaries shall not be required to comply with the
requirements of the foregoing clauses (II)(x), (y) or (z) if the Administrative
Agent, in its sole discretion, determines that the cost of such compliance is
excessive in relation to the value of the collateral security to be afforded
thereby; provided, further, that no document described in the foregoing clauses
(II)(x), (y) or (z) shall be required, or the form of such document shall be
modified, to the extent required to avoid

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(A) any violation of applicable law or (B) any violation of the provisions of
any joint venture or other material agreement governing or binding such Domestic
Subsidiary or other Subsidiary of the Parent Borrower. Any Domestic Subsidiary
or other Subsidiary of the Parent Borrower that cannot execute such a document
or whose document must be amended for the foregoing reasons shall promptly upon
any change of law or waiver or lapse of the applicable contractual restriction
enter into such document or amend the existing document to comply with this
Section 9.08(g)(i) in a manner reasonably satisfactory to the Administrative
Agent.
(ii)This Agreement may be amended with the written consent of the Parent
Borrower and the Administrative Agent to add or modify any provision with
respect to the extension of credit to any Foreign Subsidiary Borrower and the
related requirements hereunder if it is determined by the Parent Borrower and
the Administrative Agent that such addition or modification is reasonably
necessary to comply with any domestic or local law, rule or regulation
(including without limitation, any local tax authorities) or the advice of
counsel.
(iii)Schedule B will be amended to remove any subsidiary as a Foreign Subsidiary
Borrower upon execution and delivery by the Parent Borrower to the
Administrative Agent of a written notification to such effect and repayment in
full of all Loans made to such Foreign Subsidiary Borrower and repayment in full
of all other amounts (other than contingent obligations) owing by such Foreign
Subsidiary Borrower under this Agreement and the other Loan Documents.
SECTION 9.09    Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan or
participation in any L/C Disbursement, together with all fees, charges and other
amounts which are treated as interest on such Loan or participation in such L/C
Disbursement 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 or participation in
accordance with applicable law, the rate of interest payable in respect of such
Loan or participation 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 or
participation but were not payable as a result of the operation of this
Section 9.09 shall be cumulated and the interest and Charges payable to such
Lender in respect of other Loans or participations or periods shall be increased
(but not above the Maximum Rate therefor) until such cumulated amount shall have
been received by such Lender.
SECTION 9.10    Entire Agreement. This Agreement, the Fee Letters and the other
Loan Documents constitute the entire contract between the parties relative to
the subject matter hereof. Any other previous agreement among the parties with
respect to the subject matter hereof is superseded by this Agreement and the
other Loan Documents. Nothing in this Agreement or in the other Loan Documents,
expressed or implied, is intended to confer upon any Person (other than the
parties hereto and thereto, their respective successors and assigns permitted
hereunder (including any Affiliate of any Issuing Bank that issues any Letter of
Credit) and, to the extent expressly contemplated hereby, the Indemnitees, the
Arrangers, the Related Parties of each of the Administrative Agent, the
Collateral Agent, the Issuing Banks and the Lenders) any rights, remedies,
obligations or liabilities under or by reason of this Agreement or the other
Loan Documents.
SECTION 9.11    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 RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER
OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER

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LOAN DOCUMENTS. 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 AND THE OTHER LOAN DOCUMENTS, AS
APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN
THIS SECTION 9.11.
SECTION 9.12    Severability. In the event any one or more of the provisions
contained in this Agreement or in any other Loan Document should be held
invalid, illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions contained herein and therein shall
not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision in a particular jurisdiction shall not in
and of itself affect the validity of such provision in any other jurisdiction).
The parties shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, illegal or
unenforceable provisions.
SECTION 9.13    Counterparts. 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, and shall become effective as provided in Section 9.03.
Delivery of an executed signature page to this Agreement by facsimile
transmission shall be as effective as delivery of a manually signed counterpart
of this Agreement.
SECTION 9.14    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 are not to affect the construction of, or to be taken into
consideration in interpreting, this Agreement.
SECTION 9.15    Jurisdiction; Consent to Service of Process.
(a)Each of the parties hereto hereby irrevocably and unconditionally submits,
for itself and its property, to the exclusive jurisdiction of any New York State
court or Federal court of the United States of America sitting in New York City,
in the county of New York, and any appellate court from any thereof, in any
action or proceeding arising out of or relating to this Agreement or the other
Loan Documents, 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 shall 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.
(b)Each of the parties hereto 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 the other Loan
Documents in any New York State or Federal court. 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.
(c)Each party to this Agreement irrevocably consents to service of process in
the manner provided for notices in Section 9.01. Nothing in this Agreement will
affect the right of any party to this Agreement to serve process in any other
manner permitted by law.

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(d)If for the purposes of obtaining judgment in any court it is necessary to
convert a sum due hereunder in dollars, Canadian Dollars, euros, Sterling or
other Alternative Currency into another currency, the parties hereto agree, to
the fullest extent that they may effectively do so, that the rate of exchange
used shall be that at which in accordance with normal banking procedures the
Administrative Agent could purchase dollars, Canadian Dollars, euros, Sterling
or other Alternative Currency, as the case may be, with such other currency at
the spot rate of exchange quoted by the Administrative Agent at 11:00 a.m. (New
York City time) on the Business Day preceding that on which final judgment is
given, for the purchase of dollars, Canadian Dollars, euros, Sterling or other
Alternative Currency, as the case may be, for delivery two Business Days
thereafter. The obligation of each Borrower in respect of any such sum due from
it to the Administrative Agent or the Lenders hereunder or under the other Loan
Documents shall, notwithstanding any judgment in a currency (the “Judgment
Currency”) other than that in which sum is denominated in accordance with the
applicable provisions of this Agreement (the “Agreement Currency”), be
discharged only to the extent that on the Business Day following receipt by the
Administrative Agent of any sum adjudged to be so due in the Judgment Currency,
the Administrative Agent may in accordance with normal banking procedures
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
Administrative Agent in the Agreement Currency, each Borrower agrees, as a
separate obligation and notwithstanding any such judgment, to indemnify the
Administrative Agent or the Person to whom such obligation was owing against
such loss.
(e)Upon any Foreign Subsidiary becoming a Foreign Subsidiary Borrower in
accordance with Section 9.08(g), such Foreign Subsidiary Borrower hereby agrees
to irrevocably and unconditionally appoint an agent for service of process
located in The City of New York (the “New York Process Agent”), reasonably
satisfactory to the Administrative Agent, as its agent to receive on behalf of
such Foreign Subsidiary Borrower and its property service of copies of the
summons and complaint and any other process which may be served in any action or
proceeding in any such New York State or Federal court described in paragraph
(a) of this subsection and agrees promptly to appoint a successor New York
Process Agent in The City of New York (which successor New York Process Agent
shall accept such appointment in a writing reasonably satisfactory to the
Administrative Agent) prior to the termination for any reason of the appointment
of the initial New York Process Agent. In any such action or proceeding in such
New York State or Federal court, such service may be made on such Foreign
Subsidiary Borrower by delivering a copy of such process to such Foreign
Subsidiary Borrower in care of the New York Process Agent at the New York
Process Agent’s address and by depositing a copy of such process in the mails by
certified or registered air mail, addressed to such Foreign Subsidiary Borrower
at its address specified in Section 9.01 with (if applicable) a copy to the
Parent Borrower (such service to be effective upon such receipt by the New York
Process Agent and the depositing of such process in the mails as aforesaid).
Each of the Foreign Subsidiary Borrowers hereby irrevocably and unconditionally
authorizes and directs the New York Process Agent to accept such service on its
behalf. As an alternate method of service, each of the Foreign Subsidiary
Borrowers irrevocably and unconditionally consents to the service of any and all
process in any such action or proceeding in such New York State or Federal court
by mailing of copies of such process to such Foreign Subsidiary Borrower by
certified or registered air mail at its address specified in Section 9.01. Each
of the Foreign Subsidiary Borrowers agrees that, to the fullest extent permitted
by applicable law, 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.
(f)To the extent that any Foreign Subsidiary Borrower has or hereafter may
acquire any immunity (sovereign or otherwise) from any legal action, suit or
proceeding, from jurisdiction of any court or from set-off or any legal process
(whether service or notice, attachment prior to judgment, attachment in aid of
execution of judgment, execution of judgment or otherwise) with respect to
itself or

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any of its property, such Foreign Subsidiary Borrower hereby irrevocably waives
and agrees not to plead or claim such immunity in respect of its obligations
under this Agreement and any Note.
SECTION 9.16    Confidentiality. Each of the Administrative Agent, the
Collateral Agent, the Arrangers, the Issuing Banks and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to its and its Affiliates’ (other than Excluded
Parties (as defined below)) trustees, officers, directors, 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) in connection with the transactions contemplated or permitted
hereby, (b) to the extent required or requested by any Governmental Authority or
self-regulatory authority having or asserting jurisdiction over such Person
(including any Governmental Authority regulating any Lender or its Affiliates),
provided that the Administrative Agent or such Lender, as applicable, agrees
that it will notify the Parent Borrower in advance in the event of any such
disclosure by such Person (other than at the request of a regulatory authority)
unless such notification is prohibited by law, rule or regulation; (c) to the
extent required by applicable laws or regulations or by any subpoena or similar
legal process or required or requested by any regulatory authority having or
asserting jurisdiction over such Person or its Related Parties, provided that
the Administrative Agent or such Lender, as applicable, agrees that it will
notify the Parent Borrower as soon as practicable in the event of any such
disclosure by such Person (other than at the request of a regulatory authority)
unless such notification is prohibited by law, rule or regulation, (d) to the
extent reasonably necessary in connection with the exercise of any remedies
hereunder or under the other Loan Documents or any suit, action or proceeding
relating to the enforcement of its rights hereunder or thereunder, (e) subject
to an agreement containing provisions at least as restrictive as those of this
Section 9.16 (or as otherwise may be acceptable to the Parent Borrower), to
(i) any actual or prospective assignee of or participant in any of its rights or
obligations under this Agreement and the other Loan Documents, (ii) any pledgee
referred to in Section 9.04(h) or (iii) any actual or prospective counterparty
(or its advisors) to any swap or derivative transaction relating to the
Borrowers, any subsidiary or any Affiliate thereof or any of their respective
obligations, (f) with the written consent of the Parent Borrower, (g) to any
Rating Agency when required by it (it being understood that, prior to any such
disclosure, such Rating Agency shall undertake to preserve the confidentiality
of any Information relating to the Loan Parties received by it from such Person)
or (h) to the extent such Information becomes publicly available other than as a
result of a breach of this Section 9.16; provided that, no such disclosure shall
be made by the Administrative Agent, the Collateral Agent, the Issuing Banks and
the Lenders to any of their respective affiliates that are engaged as principals
primarily in private equity, mezzanine finance or venture capital (the “Excluded
Parties”). For the purposes of this Section 9.16, “Information” shall mean all
information received from the Parent Borrower or Holdings and related to the
Borrowers or their business, other than any such information that is publicly
available to the Administrative Agent, the Collateral Agent, any Arranger, any
Issuing Bank or any Lender, other than by reason of disclosure by Administrative
Agent, the Collateral Agent, any Arranger, any Issuing Bank or any Lender in
breach of this Section 9.16.
SECTION 9.17    No Advisory or Fiduciary Responsibility. In connection with all
aspects of each transaction contemplated hereby (including in connection with
any amendment, waiver or other modification hereof or of any other Loan
Document), the Parent Borrower acknowledges and agrees, and acknowledges its
Affiliates’ understanding, that: (i) (A) the arranging and other services
regarding this Agreement provided by the Administrative Agent and the Arrangers
are arm’s-length commercial transactions between the Parent Borrower and its
Affiliates, on the one hand, and the Administrative Agent and the Arrangers on
the other hand, (B) the Parent Borrower has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate, and (C) the
Parent Borrower is capable of evaluating, and understands and accepts, the
terms, risks and conditions of the transactions contemplated hereby and by the
other Loan Documents; (ii) (A) the Administrative Agent and each Arranger is and
has been acting solely as a principal and, except as expressly agreed in writing
by the relevant parties, has not

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been, is not, and will not be acting as an advisor, agent or fiduciary for the
Parent Borrower or any of its Affiliates, or any other Person and (B) neither
the Administrative Agent nor any Arranger has any obligation to the Parent
Borrower or any of its Affiliates with respect to the transactions contemplated
hereby except those obligations expressly set forth herein and in the other Loan
Documents; and (iii) the Administrative Agent and the Arrangers and their
respective Affiliates may be engaged in a broad range of transactions that
involve interests that differ from those of the Parent Borrower and its
Affiliates, and neither the Administrative Agent nor any Arranger has any
obligation to disclose any of such interests to the Parent Borrower or its
Affiliates. To the fullest extent permitted by law, the Parent Borrower hereby
waives and releases any claims that it may have against the Administrative Agent
and the Arrangers with respect to any breach or alleged breach of agency or
fiduciary duty in connection with any aspect of any transaction contemplated
hereby.
SECTION 9.18    Release of Collateral. The Lenders irrevocably authorize the
Agents (and the Agents agree (other than in the case of clause (b) below)):
(a)    to release any Lien on any property granted to or held by the Collateral
Agent or the Administrative Agent under any Loan Document (u) if the property of
any U.S. Loan Party that is organized and existing under the laws of the United
States, any state thereof or the District of Columbia subject to such Lien
constitutes Excluded Collateral (as defined in the Security Agreement), (v) in
the event of the Foreign Subsidiary Reorganization (as defined below) to the
extent that, after giving effect to such reorganization, would be excluded from
the Collateral pursuant to the Loan Documents so long as any new property or
assets that would be included in the Collateral pursuant to the Loan Documents
is pledged substantially concurrently with such release, (w) upon the
Termination Date (and, concurrently therewith, to release all the Loan Parties
from their obligations under the Loan Documents (other than those that
specifically survive the Termination Date)), (x) that is sold or to be sold as
part of or in connection with any sale permitted hereunder or under any other
Loan Document to any Person other than a Loan Party, (y) subject to
Section 9.08, if approved, authorized or ratified in writing by the Required
Lenders, or (z) owned by a Subsidiary Guarantor upon release of such Guarantor
from its obligations under its Guaranty pursuant to clause (c) below; provided
that no such release shall occur if such asset continues to secure obligations
in respect of the Existing Senior Notes, any Junior Financing and any
Refinancing Indebtedness in respect thereof unless and until such asset is (or
is being simultaneously) released from the lien securing obligations with
respect to the Existing Senior Notes, such Junior Financing and any Refinancing
Indebtedness in respect thereof;
(b)    at the request of the Parent Borrower, at the Collateral Agent’s or the
Administrative Agent’s option in its reasonable discretion, to subordinate any
Lien on any property granted to or held by the Collateral Agent or the
Administrative Agent, respectively, under any Loan Document to the holder of any
Permitted Lien; and
(c)    to release any Subsidiary Guarantor from its obligations under any Loan
Document to which it is a party if such Person ceases to be a subsidiary as a
result of a transaction or designation permitted hereunder; provided that no
such release shall occur if such Guarantor continues to be a guarantor in
respect of the Existing Senior Notes, any Junior Financing and any Refinancing
Indebtedness in respect thereof unless and until such Guarantor is (or is being
simultaneously) released from its guarantee with respect to the Existing Senior
Notes, such Junior Financing and any Refinancing Indebtedness in respect
thereof.
Upon request by any Agent at any time, the Required Lenders will confirm in
writing such Agent’s authority to release its interest in particular types or
items of property, or to release any Subsidiary Guarantor from its obligations
under the Loan Documents pursuant to this Section 9.18. In each case

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as specified in this Section 9.18, the relevant Agent will, at the Parent
Borrower’s expense, execute and deliver to the applicable Loan Party such
documents as such Loan Party may reasonably request to evidence the release of
such item of Collateral from the assignment and security interest granted under
the Loan Documents, or to release such Loan Party from its obligations under the
Loan Documents, in each case, in accordance with the terms of the Loan Documents
and this Section 9.18.
SECTION 9.19    USA PATRIOT Act Notice. Each Lender and the Administrative Agent
(for itself and not on behalf of any Lender) hereby notifies the Loan Parties
that pursuant to the requirements of the USA PATRIOT Act, it is required to
obtain, verify and record information that identifies the Loan Parties, which
information includes the name and address of the Loan Parties and other
information that will allow such Lender or the Administrative Agent, as
applicable, to identify the Loan Parties in accordance with the USA PATRIOT Act.
SECTION 9.20    Lender Action. Each Lender agrees that it shall not take or
institute any actions or proceedings, judicial or otherwise, for any right or
remedy against any Loan Party or any other obligor under any of the Loan
Documents or any Hedging Obligation or Cash Management Obligation (including the
exercise of any right of setoff, rights on account of any banker’s lien or
similar claim or other rights of self-help), or institute any actions or
proceedings, or otherwise commence any remedial procedures, with respect to any
Collateral or any other property of any such Loan Party, without the prior
written consent of the Administrative Agent. The provision of this Section 9.20
are for the sole benefit of the Lenders and shall not afford any right to, or
constitute a defense available to, any Loan Party.
SECTION 9.21    Obligations of the Foreign Subsidiary Borrowers. Notwithstanding
anything contained herein or in the other Loan Documents to the contrary, none
of the Foreign Subsidiary Borrowers shall be liable for any Domestic Obligations
or any Hedging Obligations or Cash Management Obligations of any Loan Party or
Restricted Subsidiary, in each case, that is organized and existing under the
laws of the United States, any state thereof or the District of Columbia, and
none of the Collateral pledged by any Foreign Subsidiary Borrower shall secure
any Domestic Obligations or any such Hedging Obligations or Cash Management
Obligations. In addition, any insurance proceeds from any Collateral pledged by
any Foreign Subsidiary Borrower shall not be available to secure any Domestic
Obligations or any such Hedging Obligations or Cash Management Obligations.

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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.
 
VWR FUNDING, INC.
 
 
 
By:
/s/ James M. Kalinovich
 
 
Name:
James M. Kalinovich
 
 
Title:
Vice President

[Signature Page to VWR Credit Agreement]

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CITIBANK, N.A.,
 
as Administrative Agent and Collateral Agent
 
 
 
By:
/s/ Michael Tortora
 
 
Name:
Michael Tortora
 
 
Title:
Vice President

 
CITIBANK, N.A.,
 
individually as Swingline Lender and an Issuing Bank
 
 
 
By:
/s/ Michael Tortora
 
 
Name:
Michael Tortora
 
 
Title:
Vice President

[Signature Page to VWR Credit Agreement]

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BANK OF AMERICA, N.A.,
 
as an Existing Issuing Bank
 
 
 
By:
/s/ David H. Strickert
 
 
Name:
David H. Strickert
 
 
Title:
Managing Director

[Signature Page to VWR Credit Agreement]

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CITIBANK, N.A.,
 
as a Revolving Credit Lender, as a Tranche A Term Loan Lender and as a Tranche B
Term Loan Lender
 
 
 
By:
/s/ Michael Tortora
 
 
Name:
Michael Tortora
 
 
Title:
Vice President

[Signature Page to VWR Credit Agreement]

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BARCLAYS BANK PLC,
 
as a Revolving Credit Lender and as a Tranche A Term Loan Lender
 
 
 
By:
/s/ Ronnie Glenn
 
 
Name:
Ronnie Glenn
 
 
Title:
Vice President

[Signature Page to VWR Credit Agreement]

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GOLDMAN SACHS BANK USA,
 
as a Revolving Credit Lender and as a Tranche A Term Loan Lender
 
 
 
By:
/s/ Charles D. Johnston
 
 
Name:
Charles D. Johnston
 
 
Title:
Authorized Signatory

[Signature Page to VWR Credit Agreement]

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BANK OF AMERICA, N.A.,
 
as a Revolving Credit Lender and as a Tranche A Term Loan Lender
 
 
 
By:
/s/ David H. Strickert
 
 
Name:
David H. Strickert
 
 
Title:
Managing Director

[Signature Page to VWR Credit Agreement]

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JPMORGAN CHASE BANK, N.A.
 
as a Revolving Credit Lender and as a Tranche A Term Loan Lender
 
 
 
By:
/s/ Vanessa Chiu
 
 
Name:
Vanessa Chiu
 
 
Title:
Executive Director

[Signature Page to VWR Credit Agreement]

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PNC BANK, NATIONAL ASSOCIATION
 
as a Revolving Credit Lender and as a Tranche A Term Loan Lender
 
 
 
By:
/s/ Domenic D'Ginto, CFA
 
 
Name:
Domenic D'Ginto, CFA
 
 
Title:
Senior Vice President

[Signature Page to VWR Credit Agreement]

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MIZUHO BANK,
 
as a Revolving Credit Lender and as a Tranche A Term Loan Lender
 
 
 
By:
/s/ James R. Fayen
 
 
Name:
James R. Fayen
 
 
Title:
Deputy General Manager

[Signature Page to VWR Credit Agreement]

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WELLS FARGO BANK, NATIONAL ASSOCIATION
 
as a Revolving Credit Lender and as a Tranche A Term Loan Lender
 
 
 
By:
/s/ Matt Olson
 
 
Name:
Matt Olson
 
 
Title:
Vice President

[Signature Page to VWR Credit Agreement]

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COMPASS BANK DBA BBVA COMPASS
 
as a Revolving Credit Lender and as a Tranche A Term Loan Lender
 
 
 
By:
/s/ Raj Nambiar
 
 
Name:
Raj Nambiar
 
 
Title:
Vice President

[Signature Page to VWR Credit Agreement]

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SUMITOMO MITSUI BANKING CORPORATION
 
as a Tranche A Term Loan Lender
 
 
 
By:
/s/ Chris Droussiotis
 
 
Name:
Chris Droussiotis
 
 
Title:
Managing Director

 
SUMITOMO MITSUI BANKING CORPORATION
 
as a Revolving Credit Lender
 
 
 
By:
/s/ Ming Chang
 
 
Name:
Ming Chang
 
 
Title:
Senior Vice President

[Signature Page to VWR Credit Agreement]

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TD BANK, N.A.,
 
as a Revolving Credit Lender and as a Tranche A Term Loan Lender
 
 
 
By:
/s/ Shreya Shah
 
 
Name:
Shreya Shah
 
 
Title:
Senior Vice President

[Signature Page to VWR Credit Agreement]