Exhibit 10.1

EXECUTION COPY

CREDIT AGREEMENT

Dated as of June 23, 2006

among

ARVINMERITOR, INC.

and

ARVINMERITOR FINANCE IRELAND
as the Borrowers

THE INSTITUTIONS FROM TIME TO TIME PARTIES HERETO AS LENDERS

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
as Administrative Agent

CITICORP NORTH AMERICA, INC.
and
UBS LOAN FINANCE LLC
as Syndication Agents

and

ABN AMRO BANK N.V., BNP PARIBAS
and
LEHMAN COMMERCIAL PAPER INC.
as Documentation Agents

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J.P. MORGAN SECURITIES INC.
and
CITIGROUP GLOBAL MARKETS INC.
as Joint Lead Arrangers and Joint Book Runners

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TABLE OF CONTENTS

Section Page
ARTICLE I:   DEFINITIONS AND GENERALLY APPLICABLE PRINCIPLES
1      1.1.   Certain Defined Terms 1      1.2.   References 29      1.3.  
Company Acting on Behalf of Itself and Subsidiary Borrower 29      1.4.   Joint
and Several Liability for Obligations of the Company and for
              Obligations of the Subsidiary Borrower; No Liability of Subsidiary
Borrower for               Obligations of the Company 29 
ARTICLE II:   LOAN FACILITIES
30      2.1.   Revolving Loans and Term Loans 30      2.2.   Swing Line Loans
32      2.3.   Rate Options for all Advances; Maximum Interest Periods 33 
    2.4.   Optional Payments; Mandatory Prepayments 33      2.5.   Voluntary
Reduction of Commitments 36      2.6.   Method of Borrowing of Revolving Loans
36      2.7.   Method of Selecting Types, Currency and Interest Periods for New
Advances 36      2.8.   Minimum Amount of Each Revolving Advance 36      2.9.  
Method of Selecting Types, Currency and Interest Periods for Conversion
              and Continuation of Outstanding Advances 37      2.10.   Default
Rate 37      2.11.   Method of Payment 38      2.12.   Evidence of Debt 39 
    2.13.   Telephonic Notices 39      2.14.   Promise to Pay; Interest Payment
Dates; Fees; Interest and Fee Basis; Taxes 39      2.15.   Notification of
Advances, Interest Rates, Prepayments and Aggregate                Revolving
Loan Commitment Reductions 44      2.16.   Lending Installations 45      2.17.  
Non-Receipt of Funds by the Administrative Agent 45      2.18.   Termination
Date 45      2.19.   Replacement of Certain Lenders 45      2.20.   Judgment
Currency 46      2.21.   Market Disruption; Denomination of Amounts in Dollars;
Dollar                Equivalent of Reimbursement Obligations 47 
ARTICLE III:   THE LETTER OF CREDIT FACILITY
47      3.1.   Obligation to Issue Letters of Credit 47      3.2.   Transitional
Letters of Credit 48      3.3.   Types and Amounts 48      3.4.   Conditions 48 
    3.5.   Procedure for Issuance of Letters of Credit 49 

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    3.6.   Letter of Credit Participation 49      3.7.   Reimbursement
Obligation 50      3.8.   Letter of Credit Fees 50      3.9.   Issuing Bank
Reporting Requirements 51      3.10.   Indemnification; Exoneration 51 
    3.11.   Collateral Account 52      3.12.   Rights as a Lender 53 
ARTICLE IV:   CHANGE IN CIRCUMSTANCES
53      4.1.   Yield Protection 53      4.2.   Changes in Capital Adequacy
Regulations 54      4.3.   Availability of Types of Advances 54      4.4.  
Funding Indemnification 55      4.5.   Lender Statements; Survival of Indemnity
55 
ARTICLE V:   CONDITIONS PRECEDENT
55      5.1.   Conditions to Closing, Initial Advances and Letters of Credit 55 
    5.2.   Each Advance and Letter of Credit 57 
ARTICLE VI:   REPRESENTATIONS AND WARRANTIES
57      6.1.   Corporate Existence and Standing 58      6.2.   Authorization,
Validity and Enforceability 58      6.3.   No Conflict; Consent 58      6.4.  
Financial Statements 58      6.5.   Material Adverse Change 59      6.6.   Taxes
59      6.7.   Litigation and Contingent Obligations 59      6.8.   Subsidiaries
59      6.9.   ERISA; Foreign Plans; Multiemployer Plans 59      6.10.  
Accuracy of Information 60      6.11.   Regulation U 60      6.12.   Material
Agreements 60      6.13.   Compliance With Laws 60      6.14.   Plan Assets;
Prohibited Transactions 60      6.15.   Environmental Matters 61      6.16.  
Investment Company Act 61      6.17.   Intentionally Omitted 61      6.18.  
Ownership of Properties 61      6.19.   Insurance 61      6.20.   No Default or
Unmatured Default 61      6.21.   Solvency 61      6.22.   Benefits 61 
    6.23.   Additional Representations and Warranties of the Subsidiary Borrower
62 
ARTICLE VII:   COVENANTS
62      7.1.   Reporting 63      7.2.   Affirmative Covenants 64 

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    7.3.   Negative Covenants 69      7.4.   Financial Covenants 78      7.5.  
Tax Restructuring 78 
ARTICLE VIII:   DEFAULTS
78      8.1.   Defaults 78 
ARTICLE IX:   ACCELERATION; WAIVERS, AMENDMENTS AND REMEDIES
80      9.1.   Termination of Revolving Loan Commitments; Acceleration 80 
    9.2.   Preservation of Rights 82      9.3.   Amendments 82 
ARTICLE X:   GENERAL PROVISIONS
84      10.1.   Survival of Representations 84      10.2.   Governmental
Regulation 84      10.3.   Accounting 84      10.4.   Headings 84      10.5.  
Entire Agreement 84      10.6.   Several Obligations; Benefits of this Agreement
84      10.7.   Expenses; Indemnification 85      10.8.   Numbers of Documents
86      10.9.   Confidentiality 86      10.10.   Severability of Provisions 87 
    10.11.   Nonliability of Lenders 87      10.12.   GOVERNING LAW 87 
    10.13.   CONSENT TO JURISDICTION; SERVICE OF PROCESS; JURY TRIAL 88 
    10.14.   Subordination of Intercompany Indebtedness 89      10.15.  
Performance of Obligations 89 
ARTICLE XI:   THE ADMINISTRATIVE AGENT
90      11.1.   Appointment; Nature of Relationship 90      11.2.   Powers 91 
    11.3.   General Immunity 91      11.4.   No Responsibility for Loans,
Creditworthiness, Recitals, Etc 91      11.5.   Action on Instructions of
Lenders 91      11.6.   Employment of Administrative Agent and Counsel 91 
    11.7.   Reliance on Documents; Counsel 92      11.8.   The Administrative
Agent's Reimbursement and Indemnification 92      11.9.   Rights as a Lender 92 
    11.10.   Lender Credit Decision 92      11.11.   Successor Administrative
Agent 93      11.12.    No Duties Imposed Upon Syndication Agents, Documentation
Agents or Arrangers 93      11.13.   Notice of Default 93      11.14.  
Delegation to Affiliates 93      11.15.   Authority with Respect to Guarantees
and Collateral Documents 94 

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    11.16.   Foreign Collateral Authorizations 95 
ARTICLE XII:   SETOFF; RATABLE PAYMENTS; APPLICATION OF PROCEEDS
96      12.1.   Setoff 96      12.2.   Ratable Payments 96      12.3.  
Relations Among Lenders 96      12.4.   Application of Proceeds 97      12.5.  
Disclosure 98      12.6.   Nonreliance 98      12.7.   Representations and
Covenants Among Lenders 98 
ARTICLE XIII:   BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
98      13.1.   Successors and Assigns 98      13.2.   Participations 99 
    13.3.   Assignments 100      13.4.   Dissemination of Information 102 
    13.5.   Tax Certifications 102 
ARTICLE XIV:   NOTICES
102      14.1.   Giving Notice 102      14.2.   Change of Address 103 
    14.3.   USA PATRIOT ACT NOTIFICATION 103 
ARTICLE XV:   COUNTERPARTS
103 

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EXHIBITS AND SCHEDULES       

Exhibits

EXHIBIT A-1

--

Revolving Loan Commitments
(Definitions) EXHIBIT A-2

--

Term Loan Commitments
(Definitions) EXHIBIT B

--

Form of Borrowing/Election Notice
(Section 2.2, Section 2.7 and Section 2.9) EXHIBIT C

--

Form of Request for Letter of Credit
(Section 3.4) EXHIBIT D

--

Form of Assignment Agreement
(Definitions and Section 13.3) EXHIBIT E

--

List of Closing Documents
(Section 5.1) EXHIBIT F

--

Form of Compliance Certificate
(Sections 5.2 and 7.1(A)(iii)) EXHIBIT G-1

--

Form of Revolving Loan Note
(If Requested) (Section 2.12(B)) EXHIBIT G-2

--

Form of Term Loan Note
(If Requested) (Section 2.12(B))

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Schedules

Pricing Schedule

Schedule 1.1.1
-- Assets for Sale as of the Closing Date   Schedule 1.1.2 -- Initial Mortgaged
Properties   Schedule 1.1.3 -- Mandatory Cost   Schedule 1.1.4 -- Permitted
Existing Indebtedness   Schedule 3.2 -- Transitional Letters of Credit  
Schedule 6.7 -- Litigation   Schedule 6.8 -- Subsidiaries   Schedule 7.3(E) --
Existing Investments   Schedule 7.3(F) -- Existing Liens   Schedule 7.5 -- Tax
Restructuring

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CREDIT AGREEMENT

        This CREDIT AGREEMENT, dated as of June 23, 2006, is entered into by and
among ArvinMeritor, Inc., an Indiana corporation, as the Company, ArvinMeritor
Finance Ireland, a private unlimited liability company incorporated under the
laws of Ireland, as the Subsidiary Borrower, the institutions from time to time
parties hereto as Lenders, whether by execution of this Agreement or an
Assignment Agreement pursuant to Section 13.3, JPMorgan Chase Bank, National
Association, as Administrative Agent for itself and the other Lenders, Citicorp
North America, Inc. and UBS Loan Finance LLC, as Syndication Agents, and ABN
AMRO Bank N.V., BNP Paribas and Lehman Commercial Paper Inc., as Documentation
Agents. The parties hereto agree as follows:

ARTICLE I: DEFINITIONS AND GENERALLY APPLICABLE PRINCIPLES

        1.1.   Certain Defined Terms. The following terms used in this Agreement
shall have the following meanings, applicable both to the singular and the
plural forms of the terms defined.

        As used in this Agreement:

        “1990 Senior Note Indenture” means that certain Indenture, dated as of
July 3, 1990, between the Company (as successor to Arvin Industries, Inc.) and
BNY Midwest Trust Company (as successor to Harris Trust and Savings Bank), as
Trustee, as amended, restated, supplemented or otherwise modified from time to
time in accordance with the terms of Section 7.3(K) hereof.

        “1998 Senior Note Indenture” means that certain Indenture, dated as of
April 1, 1998, between the Company (as successor to Meritor Automotive, Inc.)
and BNY Midwest Trust Company (as successor to The Chase Manhattan Bank), as
Trustee, as amended, restated, supplemented or otherwise modified from time to
time in accordance with the terms of Section 7.3(K) hereof.

        “2006 Senior Note Indenture” means that certain Indenture, dated as of
March 7, 2006, between the Company and BNY Midwest Trust Company, as Trustee, as
amended, restated, supplemented or otherwise modified from time to time in
accordance with the terms of Section 7.3(K) hereof.

        “Accounting Changes” is defined in Section 10.3 hereof.

        “Acquisition” means any transaction, or any series of related
transactions, consummated on or after the date of this Agreement, by which the
Company or any of its Subsidiaries (i) acquires any going business or all or
substantially all of the assets of any firm, corporation, partnership or limited
liability company, or division thereof, whether through purchase of assets,
merger or otherwise or (ii) directly or indirectly acquires (in one transaction
or as the most recent transaction in a series of transactions) at least a
majority (in number of votes) of the securities of a corporation which have
ordinary voting power for the election of directors (other than securities
having such power only by reason of the happening of a contingency) or a
majority (by percentage or voting power) of the outstanding ownership interests
of a partnership or limited liability company; provided, that any transaction
among the Company and/or one or more Subsidiaries expressly permitted under
Section 7.3 shall not constitute an Acquisition.

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        “Adjusted Eurocurrency Base Rate” means, with respect to any
Eurocurrency Rate Loan for any Interest Period, an interest rate per annum
(rounded upwards, if necessary, to the next 1/16 of 1%) equal to the sum of
(a)(i) the Eurocurrency Base Rate for such Interest Period multiplied by (ii)
the Statutory Reserve Rate plus, without duplication, (b) the Mandatory Cost.

        “Administrative Agent” means JPMCB in its capacity as contractual
representative for itself and the Lenders pursuant to Article XI hereof and any
successor Administrative Agent appointed pursuant to Article XI hereof.

        “Advance” means a borrowing hereunder consisting of the aggregate amount
of the several Revolving Loans or Term Loans, as applicable, made by the Lenders
to a Borrower of the same Type and, in the case of Eurocurrency Rate Advances,
in the same Agreed Currency and for the same Interest Period.

        “Affected Lender” is defined in Section 2.19 hereof.

        “Affiliate” of any Person means any other Person directly or indirectly
controlling, controlled by or under common control with such Person. A Person
shall be deemed to control another Person if the controlling Person (i) is the
“beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act)
of greater than or equal to ten percent (10%) or more of the combined voting
power of the controlled Person (giving effect to the relative voting rights
associated with the voting securities or other voting interests held by the
controlling Person) or (ii) possesses, directly or indirectly, the power to
direct or cause the direction of the management or policies of the controlled
Person, whether through ownership of Capital Stock, by contract or otherwise;
provided, that under no circumstance shall any Agent or any Lender be deemed to
be an Affiliate of the Company or vice versa.

        “Agents” shall mean, collectively, the Administrative Agent, the
Syndication Agents and the Documentation Agents.

        “Aggregate Commitment” means the sum of the Aggregate Revolving Loan
Commitment and the Aggregate Term Loan Commitment.

        “Aggregate Revolving Loan Commitment” means the aggregate of the
Revolving Loan Commitments of all the Lenders, as the same may be reduced from
time to time pursuant to the terms hereof. The Aggregate Revolving Loan
Commitment is Nine Hundred Eighty Million and 00/100 Dollars ($980,000,000.00).

        “Aggregate Term Loan Commitment” means the aggregate of the Term Loan
Commitments of all the Lenders. The Aggregate Term Loan Commitment is One
Hundred Seventy Million and 00/100 Dollars ($170,000,000.00).

        “Agreed Currencies” means (i) Dollars and (ii)(x) so long as such
currency remains an Eligible Currency, euro and Sterling and (y) any other
Eligible Currency which the Company requests the Administrative Agent to include
as an Agreed Currency hereunder and which is acceptable to all of the Lenders.
If, after the designation by the Lenders of any currency as an Agreed Currency,
(x) currency control or other exchange regulations are imposed in the country in
which such currency is issued with the result that different types of such
currency are

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introduced, (y) such currency is, in the determination of the Administrative
Agent, no longer readily available or freely traded or (z) in the determination
of the Administrative Agent, an Equivalent Amount of such currency is not
readily calculable, the Administrative Agent shall promptly notify the Lenders
and the Company, and such currency shall no longer be an Agreed Currency until
such time as all of the Lenders agree to reinstate such currency as an Agreed
Currency and promptly, but in any event within five Business Days of receipt of
such notice from the Administrative Agent, the applicable Borrowers shall repay
all Loans in such affected currency or convert such Loans into Loans in Dollars
or another Agreed Currency, subject to the other terms set forth in Article II.

        “Agreement” means this Credit Agreement, as it may be amended, restated,
supplemented or otherwise modified and in effect from time to time.

        “Agreement Accounting Principles” means generally accepted accounting
principles as in effect in the United States of America from time to time,
applied in a manner consistent with that used in preparing the financial
statements of the Company referred to in Section 6.4; provided, however, that
except as provided in Section 10.3, with respect to the calculation of the
financial covenants set forth in Section 7.4 and any other financial tests set
forth in this Agreement, “Agreement Accounting Principles” means generally
accepted accounting principles as in effect in the United States of America as
of the Closing Date, applied in a manner consistent with that used in preparing
the financial statements of the Company referred to in Section 6.4 hereof.

        “Alternate Base Rate” means, for any day, a fluctuating rate of interest
per annum equal to the higher of (i) the Prime Rate for such day and (ii) the
sum of (a) the Federal Funds Effective Rate for such day and (b) one-half of one
percent (0.5%) per annum.

        “Applicable Eurocurrency Margin” means, as at any date of determination,
the rate per annum then applicable to Eurocurrency Rate Loans determined in
accordance with the provisions of the Pricing Schedule hereto.

        “Applicable Commitment Fee Percentage” means, as at any date of
determination, the rate per annum then applicable in the determination of the
amount payable under Section 2.14(C)(i) hereof determined in accordance with the
provisions of the Pricing Schedule hereto.

        “Applicable Floating Rate Margin” means, as at any date of
determination, the rate per annum then applicable to Floating Rate Loans
determined in accordance with the provisions of the Pricing Schedule hereto.

        “Applicable L/C Fee Percentage” means, as at any date of determination,
the rate per annum then applicable in the determination of the amount payable
under Section 3.8(A) hereof determined in accordance with the provisions of the
Pricing Schedule hereto.

        “Applicable Pledge Percentage” means 100%, but 65% in the case of a
pledge of Capital Stock of a Foreign Subsidiary to the extent a 100% pledge
would cause a Deemed Dividend Problem.

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        “Approved Fund” means any Fund that is administered or managed by (i) a
Lender, (ii) an Affiliate of a Lender or (iii) an entity or an Affiliate of an
entity that administers or manages a Lender.

        “Arranger” means each of J.P. Morgan Securities Inc. and Citigroup
Global Markets Inc. in its respective capacity as a joint lead arranger and
joint book runner for the loan transaction evidenced by this Agreement.

        “Asset Sale” means, with respect to the Company or any of its
Subsidiaries, the sale, lease, conveyance, disposition or other transfer by such
Person of any of its assets (including by way of a sale-leaseback transaction,
and including the sale or other transfer of any of the Equity Interests of any
Subsidiary of such Person) to any Person other than (i) the sale or other
transfer of any assets by the Company to any Domestic Subsidiary Guarantor or by
any Domestic Subsidiary Guarantor to the Company or any other Domestic
Subsidiary Guarantor, (ii) the sale or other transfer of any assets by any
Foreign Subsidiary Guarantor or the Subsidiary Borrower to the Company, the
Foreign Subsidiary Borrower or any Subsidiary Guarantor, (iii) the sale or other
transfer of any assets by any Foreign Subsidiary Non-Guarantor to the Company or
any Subsidiary, (iv) the sale of Receivables and Related Security in connection
with a Permitted Receivables Financing or a Foreign Factoring Transaction, (v)
the sale of inventory in the ordinary course of business, (vi) the sale or other
transfer of obsolete or worn-out equipment, and (vii) the sale of any other
asset identified on Schedule 1.1.1 as being for sale as of the Closing Date.

        “Assignment Agreement” means an assignment and assumption agreement
entered into in connection with an assignment pursuant to Section 13.3 hereof in
substantially the form of Exhibit D.

        “Authorized Officer” means any of the Chairman and Chief Executive
Officer, Senior Vice President and Chief Financial Officer, Vice President and
Treasurer and any Assistant Treasurer of the Company, or any person designated
by any such Person in writing to the Administrative Agent from time to time,
acting singly.

        “Bank Book” means the ArvinMeritor, Inc. Confidential Information
Memorandum dated May 2006.

        “Benefit Plan” means any Plan (other than a Multiemployer Plan) which is
covered by Title IV of ERISA or subject to the minimum funding standards under
Section 412 of the Code as to which the Company or any member of the Controlled
Group may have liability.

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

        “Borrower” means each of (i) the Company and (ii) the Subsidiary
Borrower, and “Borrowers” means, collectively, the Company and the Subsidiary
Borrower.

        “Borrowing Date” means a date on which an Advance or Swing Line Loan is
made hereunder.

        “Borrowing/Election Notice” is defined in Section 2.7 hereof.

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        “Business Day” means:

  (a) for the purpose of determining the Eurocurrency Base Rate, a day other
than a Saturday or Sunday on which banks are open for the transaction of
domestic and foreign exchange business in London, England;

  (b) for the purpose of any borrowing or payment of Loans denominated in
Dollars or any other payment to be made in Dollars, a day other than a Saturday
or Sunday on which banks are open for the transaction of domestic and foreign
exchange business in New York, New York;

  (c) for the purpose of any borrowing or payment of Loans denominated in (A)
euro, a day on which such clearing system as is determined by the Administrative
Agent to be suitable for clearing or settlement of euro is open for business and
(B) an Agreed Currency other than Dollars and euro, a day on which the
applicable Eurocurrency Payment Office related to such currency is open for the
transaction of domestic and foreign exchange business; and

  (d) for any other purpose, a day other than a Saturday or Sunday on which
banks are generally open for the transaction of domestic and foreign exchange
business in New York, New York.

        “Capital Expenditures” means, for any period, the aggregate of all
expenditures by the Company and its consolidated Subsidiaries during that period
that, in conformity with Agreement Accounting Principles, are required to be
included in or reflected by the property, plant, equipment or similar fixed
asset accounts reflected in the consolidated balance sheet of the Company and
its Subsidiaries (which shall include, without limitation, Capital Leases).

        “Capital Stock” means (i) in the case of a corporation, corporate stock,
(ii) in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of
corporate stock, (iii) in the case of a limited liability company, membership
interests, (iv) in the case of a partnership, partnership interests (whether
general or limited) and (v) 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; provided, however, that “Capital
Stock” shall not include any debt securities convertible into equity securities
prior to such conversion.

        “Capitalized Lease” of a Person means any lease of property by such
Person as lessee which would be capitalized on a balance sheet of such Person
prepared in accordance with Agreement Accounting Principles.

        “Capitalized Lease Obligations” of a Person means the amount of the
obligations of such Person under Capitalized Leases that would be capitalized on
a balance sheet of such Person prepared in accordance with Agreement Accounting
Principles.

        “Cash Equivalent Investments” means (i) direct obligations of, or
obligations the principal of and interest on which are unconditionally
guaranteed by, the United States of America (or by any agency thereof to the
extent such obligations are backed by the full faith and

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credit of the United States of America), in each case maturing within one year
from the date of acquisition thereof; (ii) investments in commercial paper
maturing within 270 days from the date of acquisition thereof and, at such date
of acquisition, rated A-2 or better by S&P or P-2 or better by Moody’s; (iii)
investments in certificates of deposit, banker’s acceptances and time deposits
maturing within 180 days from the date of acquisition thereof issued or
guaranteed by or placed with, and money market deposit accounts issued or
offered by, any domestic office of any commercial bank organized under the laws
of the United States of America or any State thereof which has a combined
capital and surplus and undivided profits of not less than $500,000,000; (iv)
shares of money market, mutual or similar funds that (a) have assets in excess
of $100,000,000, (b) invest primarily in assets of the type described in clauses
(i)-(iii) above and (c) have an investment grade rating and (v) in the case of
any Foreign Subsidiary (in addition to the items permitted by the foregoing
clauses (i) through (iv)) any of the following: (a) marketable direct
obligations issued by, or unconditionally guaranteed by, the sovereign nation in
which such Foreign Subsidiary is organized and is conducting business or issued
by any agency of such sovereign nation and backed by the full faith and credit
of such sovereign nation, in each case maturing within one year from the date of
acquisition, so long as the indebtedness of such sovereign nation is rated at
least A by S&P or A2 by Moody’s or carries an equivalent rating from a
comparable foreign rating agency if available, (b) investments of the type and
maturity described in clauses (ii), (iii) and (iv) above of foreign obligors,
which investments or obligors have ratings described in such clauses or
equivalent ratings from comparable foreign rating agencies if available, (c)
time deposits with any Lender or any Affiliate of any Lender and (d) time
deposits with any foreign bank not described in the foregoing clauses (b) or (c)
in an aggregate amount not to exceed $10,000,000 in the aggregate for all
Foreign Subsidiaries.

        “Change” is defined in Section 4.2 hereof.

        “Change in Control” means any event or series of events by which:

         (i)        any “person” or “group” (within the meaning of Sections
13(d) and 14(d)(2) of the Securities Exchange Act) becomes the “beneficial
owner” (as defined in Rule 13d-3 under the Securities Exchange Act), directly or
indirectly, of thirty-five percent (35%) or more of the voting power of the then
outstanding Capital Stock of the Company entitled to vote generally in the
election of the directors of the Company;

         (ii)        during any period of twelve (12) consecutive calendar
months, the board of directors of the Company shall cease to have as a majority
of its members individuals who either: (a) were directors of the Company on the
first day of such period, or (b) were elected or nominated for election to the
board of directors of the Company at the recommendation of or other approval by
at least a majority of the directors then still in office at the time of such
election or nomination who were directors of the Company on the first day of
such period, or whose election or nomination for election was so approved; or

         (iii)        the Company consolidates with or merges into another
corporation or conveys, transfers or leases all or substantially all of its
property to any person, or any corporation consolidates with or merges into the
Company, in either event pursuant to a

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transaction in which the outstanding Capital Stock of the Company is
reclassified or changed into or exchanged for cash, securities or other
Property.

        “Closing Date” means June 23, 2006.

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

        “Collateral” means the property covered by the Collateral Documents, the
L/C Collateral Account and any other Property, now existing or hereafter
acquired, that may at any time be or become subject to a security interest or
Lien in favor of the Administrative Agent, for the benefit of the Holders of
Secured Obligations, to secure the Secured Obligations.

        “Collateral Documents” means all agreements, instruments and documents
executed in connection with this Agreement that are intended to create or
evidence Liens to secure the Secured Obligations, including, without limitation,
the Pledge and Security Agreement, the Intellectual Property Security
Agreements, the Mortgages and all other security agreements, mortgages, deeds of
trust, pledges, collateral assignments and financing statements whether
heretofore, now, or hereafter executed by the Company or any of its Subsidiaries
and delivered to the Administrative Agent.

        “Collateral Shortfall Amount” is defined in Section 9.1(A) hereof.

        “Commission” means the Securities and Exchange Commission of the United
States of America and any Person succeeding to the functions thereof.

        “Company” means ArvinMeritor, Inc., an Indiana corporation, together
with its successors and permitted assigns, including a debtor-in-possession on
behalf of the Company.

        “Consolidated Assets” means the total assets of the Company and its
Subsidiaries on a consolidated basis, determined in accordance with Agreement
Accounting Principles.

        “Consolidated Operating Profit” means the operating profits of the
Company and its Subsidiaries on a consolidated basis, determined in accordance
with Agreement Accounting Principles.

        “Consolidated Sales” means the total sales of the Company and its
Subsidiaries on a consolidated basis, determined in accordance with Agreement
Accounting Principles.

        “Contaminant” means any waste, pollutant, hazardous substance, toxic
substance, hazardous waste, special waste, petroleum or petroleum-derived
substance or waste, asbestos, polychlorinated biphenyls (“PCBs”), or any
constituent of any such substance or waste, and includes but is not limited to
these terms as defined in Environmental Laws.

        “Contingent Obligation” of a Person means any agreement, undertaking or
arrangement by which such Person assumes, guarantees, endorses, contingently
agrees to purchase or provide funds for the payment of, or otherwise becomes
liable upon, the obligation or liability of any other Person, or agrees to
maintain the net worth or working capital or other financial condition

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of any other Person, or otherwise assures any creditor of such other Person
against loss and shall include, without limitation, the contingent liability of
such first Person under any letter of credit for which such first Person is in
any way liable, but shall exclude any contingent liability with respect to trade
letters of credit used to finance inventory or equipment obtained in the
ordinary course of business.

        “Controlled Group” means all members of a controlled group of
corporations or other business entities and all trades or businesses (whether or
not incorporated) under common control which, together with the Company or any
of its Subsidiaries, are treated as a single employer under Section 414 of the
Code.

        “Credit Extension Date” means (i) the Borrowing Date of any Advance,
(ii) the date of issuance, deemed issuance, extension or amendment of any Letter
of Credit or (ii) the date of conversion or continuance of any Advance in
accordance with Section 2.9.

        “Debt Ratio” means, as of the last day of any fiscal quarter, the ratio
of (i) Total Indebtedness as of such date to (ii) EBITDA for the four
consecutive fiscal quarters then ended on such date.

        “Deemed Dividend Problem” means, with respect to any Foreign Subsidiary,
any portion of such Foreign Subsidiary’s accumulated and undistributed earnings
and profits being deemed to be repatriated to the Company or the applicable
parent Domestic Subsidiary for U.S. federal income tax purposes and the effect
of such repatriation causing materially adverse tax consequences to the Company
or such parent Domestic Subsidiary, in each case as determined by the Company in
its commercially reasonable judgment acting in good faith and in consultation
with its legal and tax advisors.

        “Default” means an event described in Section 8.1 hereof.

        “Designated Financial Officer” means, the chief financial officer,
treasurer, assistant treasurer or controller of the Company.

        “Disqualified Stock” means any Capital Stock that, by its terms (or by
the terms of any security into which it is convertible or for which it is
exchangeable), or upon the happening of any event, matures or is mandatorily
redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at
the option of the holder thereof, in whole or in part, on or prior to the date
that is ninety-one (91) days after the Revolving Loan Termination Date.

        “Documentation Agent” means each of ABN AMRO Bank N.V., BNP Paribas and
Lehman Commercial Paper Inc. in its respective capacity as a documentation agent
for itself and the Lenders.

        “Dollar” and “$” means the lawful currency of the United States of
America.

        “Dollar Amount” of any currency at any date shall mean (i) the amount of
such currency if such currency is Dollars or (ii) the Equivalent Amount of
Dollars if such currency is any currency other than Dollars.

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        “Domestic Subsidiary” means a Subsidiary of the Company that is not a
Foreign Subsidiary.

        “Domestic Subsidiary Guarantor” means any Subsidiary Guarantor that is a
Domestic Subsidiary.

        “EBITDA” means for any period, the sum of (i) the consolidated net
income (or loss) of the Company and its Subsidiaries for such period, plus (ii)
to the extent deducted in determining net income, income taxes, depreciation and
amortization expense and Interest Expense minus (plus) (iii) any extraordinary
gains (losses) minus (plus) (iv) any special, non-recurring, non-cash gains
(charges) such as those arising out of the ongoing restructuring or
consolidation of the operations of the Company and its Subsidiaries, all as
determined in accordance with Agreement Accounting Principles.

        “Eligible Currency” means any currency other than Dollars (i) that is
readily available, (ii) that is freely traded, (iii) in which deposits are
customarily offered to banks in the London interbank market, (iv) which is
convertible into Dollars in the international interbank market and (v) as to
which an Equivalent Amount may be readily calculated.

        “Environmental Laws” means, with respect to any Person, any and all
federal, state, local and foreign statutes, laws, judicial decisions,
regulations, ordinances, rules, judgments, orders, decrees, plans, injunctions,
permits, concessions, grants, franchises, licenses, agreements and other
governmental restrictions relating to (i) the protection of the environment,
(ii) the effect of the environment on human health, (iii) emissions, discharges
or releases of pollutants, contaminants, hazardous substances or wastes into
surface water, ground water or land, or (iv) the manufacture, processing,
distribution, use, treatment, storage, disposal, transport or handling of
pollutants, contaminants, hazardous substances or wastes or the clean-up or
other remediation thereof, in each case, applicable to such Person or its
Property.

        “Environmental Lien” means a Lien in favor of any Governmental Authority
for (a) any liability under Environmental Law, or (b) damages arising from, or
costs incurred by such Governmental Authority in response to, any noncompliance
with any Environmental Law, whether actual or threatened.

        “Equivalent Amount” of any currency at any date shall mean the
equivalent in Dollars of such currency, calculated on the basis of the
arithmetic mean of the buy and sell spot rates of exchange of the Administrative
Agent or an Affiliate of the Administrative Agent in the London interbank market
(or other market where the Administrative Agent’s foreign exchange operations in
respect of such currency are then being conducted) for such other currency at or
about 11:00 a.m. (local time applicable to the transaction in question) on the
date on which such amount is to be determined, rounded up to the nearest amount
of such currency as determined by the Administrative Agent from time to time;
provided, however, that if at the time of any such determination, for any
reason, no such spot rate is being quoted, the Administrative Agent or an
Affiliate of the Administrative Agent may use any reasonable method it deems
appropriate (after consultation with the Company) to determine such amount, and
such determination shall be conclusive absent manifest error.

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        “Emissions Technologies” means ArvinMeritor Emissions Technologies
Spartanburg, Inc., a South Carolina corporation, and its successors.

        “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended from time to time, and any rule or regulation issued thereunder.

        “euro” means the lawful currency of the member states of the European
Union which adopted the Council Regulation E.C. No. 1103/97 dated 17 June 1997
passed by the Council of the European Union, or, if different, the then lawful
currency of the member states of the European Union that participate in the
third stage of the Economic and Monetary Union.

        “Eurocurrency Base Rate” means, with respect to any Eurocurrency Rate
Advance for any Interest Period, the rate appearing on, in the case of Dollars,
Page 3750 of the Dow Jones Market Service and, in the case of any other Agreed
Currency, the appropriate page of such service which displays British Bankers
Association Interest Settlement Rates for deposits in such Agreed Currency (or,
in each case, on any successor or substitute page of such Service, or any
successor to or substitute for such Service, providing rate quotations
comparable to those currently provided on such page of such Service, as
determined by the Administrative Agent from time to time for purposes of
providing quotations of interest rates applicable to deposits in the relevant
Agreed Currency in the London interbank market) at approximately 11:00 a.m.,
London time, two (2) Business Days prior to the commencement of such Interest
Period, as the rate for deposits in the relevant Agreed Currency with a maturity
comparable to such Interest Period. In the event that such rate is not available
at such time for any reason, then the “Eurocurrency Base Rate” with respect to
such Eurocurrency Rate Advance for such Interest Period shall be the rate at
which deposits in the relevant Agreed Currency in an Equivalent Amount of
$5,000,000 and for a maturity comparable to such Interest Period are offered by
the principal London office of the Administrative Agent in immediately available
funds in the London interbank market at approximately 11:00 a.m., London time,
two (2) Business Days prior to the commencement of such Interest Period.

        “Eurocurrency Payment Office” of the Administrative Agent shall mean,
for each of the Agreed Currencies, any agency, branch, Affiliate or
correspondence bank of the Administrative Agent, as it may from time to time
specify to the Company and each Lender as its Eurocurrency Payment Office.

        “Eurocurrency Rate” means, with respect to a Eurocurrency Rate Advance
for the relevant Interest Period, the Adjusted Eurocurrency Base Rate applicable
to such Interest Period plus the Applicable Eurocurrency Margin then in effect.

        “Eurocurrency Rate Advance” means an Advance which bears interest at the
Eurocurrency Rate.

        “Eurocurrency Rate Loan” means a Loan, or portion thereof, which bears
interest at the Eurocurrency Rate.

        “Excluded Subsidiary” means, at any time, any Subsidiary of the Company
that (i) has incurred or, in the reasonable judgment of the Administrative Agent
at such time, could be

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expected to incur asbestos-related liability and (ii) has been designated by the
Administrative Agent as an Excluded Subsidiary.

        “Federal Funds Effective Rate” means, for any day, the weighted average
(rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on
overnight Federal funds transactions with members of the Federal Reserve System
arranged by Federal funds brokers, as published on the next succeeding Business
Day by the Federal Reserve Bank of New York, or, if such rate is not so
published for any day that is a Business Day, the average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the quotations for such day for such
transactions received by the Administrative Agent from three Federal funds
brokers of recognized standing selected by it.

        “Financial Assistance Problem” means, with respect to any Foreign
Subsidiary, the inability of such Foreign Subsidiary to become a Subsidiary
Guarantor (or in the case of the Subsidiary Borrower, to become jointly and
severally liable for the Obligations of the Company under Section 1.4) or to
permit its Capital Stock to be pledged pursuant to a pledge agreement on account
of legal or financial limitations imposed by the jurisdiction of organization of
such Foreign Subsidiary or other relevant jurisdictions having authority over
such Foreign Subsidiary, in each case as determined by the Company in its
commercially reasonable judgment acting in good faith and in consultation with
its legal and tax advisors.

        “First Tier Foreign Subsidiary” means each Foreign Subsidiary with
respect to which any one or more of the Company and its Domestic Subsidiaries
directly owns or controls more than 50% of such Foreign Subsidiary’s issued and
outstanding equity interests.

        “Fixed Charge Coverage Ratio” means, as of the last day of any fiscal
quarter, the ratio of (i) EBITDA for the four consecutive fiscal quarters then
ended on such date minus Capital Expenditures for such four fiscal-quarter
period to (ii) Interest Expense for such four fiscal-quarter period.

        “Floating Rate” means, for any day for any Advance, a rate per annum
equal to the Alternate Base Rate for such day, changing when and as the
Alternate Base Rate changes plus the Applicable Floating Rate Margin then in
effect.

        “Floating Rate Advance” means an Advance which bears interest at the
Floating Rate.

        “Floating Rate Loan” means a Loan, or portion thereof, which bears
interest at the Floating Rate.

        “Foreign Currency Sublimit” means $150,000,000.

        “Foreign Factoring Transaction” means any factoring transaction entered
into by any Foreign Subsidiary with respect to Receivables originated by such
Foreign Subsidiary in the ordinary course of business, which factoring
transaction gives rise to Receivables Facility Attributed Indebtedness that is
non-recourse to the Company and its Subsidiaries other than limited recourse
customary for factoring transactions of the same kind.

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        “Foreign Reinvestment Amount” means, at any time, an amount equal to the
proceeds of sales of Capital Stock of, or assets of, Foreign Subsidiaries
occurring after the Closing Date that have been distributed to or otherwise
received by the Company or a Domestic Subsidiary Guarantor.

        “Foreign Plan” means an employee pension benefit plan (as defined in
Section 3(2) of ERISA) which is (i) maintained or contributed to for the benefit
of employees of the Company, any of its Subsidiaries or any member of the
Controlled Group, (ii) is not covered by ERISA pursuant to Section 4(b)(4)
thereof and (iii) under applicable local law, is required to be funded through a
trust or other funding vehicle.

        “Foreign Subsidiary” means (i) a Subsidiary of the Company organized
under the laws of a jurisdiction located outside the United States of America or
(ii) a Subsidiary of any Person described in the foregoing clause (i).

        “Foreign Subsidiary Guarantor” means any Subsidiary Guarantor that is a
Foreign Subsidiary.

        “Foreign Subsidiary Non-Guarantor” means any Foreign Subsidiary that is
not a Foreign Subsidiary Guarantor.

        “Fund” means any Person (other than a natural person) that is (or will
be) engaged in making, purchasing, holding or otherwise investing in commercial
loans and similar extensions of credit in the ordinary course of its business.

        “Governmental Acts” is defined in Section 3.10(A) hereof.

        “Governmental Authority” means any nation or government, any federal,
state, local or other political subdivision thereof and any entity exercising
executive, legislative, judicial, regulatory or administrative authority or
functions of or pertaining to government, including any authority or other
quasi-governmental entity established to perform any of such functions.

        “Guarantees” means, collectively, the Subsidiary Guaranty and any other
guaranty executed by any Subsidiary Guarantor in favor of the Administrative
Agent, on behalf of itself and Lenders, in respect of the Obligations, and
“Guaranty” means each such agreement, individually.

        “Hedging Arrangements” means any and all agreements, devices or
arrangements designed to protect at least one of the parties thereto from the
fluctuations of interest rates, commodity prices, exchange rates or forward
rates applicable to such party’s assets, liabilities or exchange transactions,
including, but not limited to, dollar-denominated or cross-currency interest
rate exchange agreements, forward currency exchange agreements, interest rate
cap or collar protection agreements, forward rate currency or interest rate
options, puts and warrants or any similar derivative transactions.

        “Hedging Obligations” of a Person means any and all obligations of such
Person, whether absolute or contingent and howsoever and whensoever created,
arising, evidenced or acquired (including all renewals, extensions and
modifications thereof and substitutions

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therefor), under (i) any Hedging Arrangements and (ii) any and all
cancellations, buybacks, reversals, terminations or assignments of any Hedging
Arrangements.

        “Holders of Secured Obligations” means (i) the holders of the Secured
Obligations from time to time, including, without limitation, the Administrative
Agent, each Arranger, the Lenders, the Issuing Bank, the Swing Line Bank, each
of their respective Affiliates and any Indemnitee and including each Lender (or
Affiliate thereof) in respect of all Hedging Obligations and Treasury
Obligations of the Loan Parties owing to such Lender (or Affiliate) and (ii)
each such holder’s respective successors, transferees and assigns.

        “Hostile Acquisition” means (a) the acquisition of the Capital Stock of
a Person through a tender offer or similar solicitation of the owners of such
Capital Stock which has not been approved by the board of directors (or any
other applicable governing body) of such Person or by similar action if such
Person is not a corporation and (b) any such acquisition as to which such
approval has been withdrawn.

        “Immaterial Subsidiary” means each Subsidiary of the Company (i) the
total assets of which (determined on a consolidated basis for such Subsidiary
and its Subsidiaries) are less than five percent (5.0%) of the Company’s
Consolidated Assets, (ii) the total sales of which for the most recently ended
fiscal quarter (determined on a consolidated basis for such Subsidiary and its
Subsidiaries) were less than five percent (5.0%) of the Company’s Consolidated
Sales for the most recently ended fiscal quarter or (iii) the total operating
profits of which for the most recently ended fiscal quarter (determined on a
consolidated basis for such Subsidiary and its Subsidiaries) were less than five
percent (5.0%) of the Company’s Consolidated Operating Profit for the most
recently ended fiscal quarter;

        “Indebtedness” of a Person means, without duplication, such Person’s (i)
obligations for borrowed money, (ii) obligations representing the deferred
purchase price of Property or services (other than accounts payable arising in
the ordinary course of such Person’s business payable on terms customary in the
trade), (iii) obligations, whether or not assumed, secured by Liens or payable
out of the proceeds or production from Property now or hereafter owned or
acquired by such Person, (iv) obligations which are evidenced by notes,
acceptances, or other instruments, (v) obligations with respect to letters of
credit, bankers acceptances, surety bonds and similar instruments, (vi)
obligations of such Person to purchase securities or other Property arising out
of or in connection with the sale of the same or substantially similar
securities or Property, (vii) Capitalized Lease Obligations, (viii) Contingent
Obligations with respect to the Indebtedness of other Persons (it being
understood and agreed that, in calculating the amount of Indebtedness hereunder,
the amount of any such Contingent Obligations shall only be included to the
extent such Contingent Obligations do not cover obligations representing other
Indebtedness already included in such calculation) to the extent (and only to
the extent) that the other Indebtedness to which such Contingent Obligation
relates is outstanding and then only as to principal or like amounts actually
borrowed, due, payable or drawn, as the case may be, (ix) Receivables Facility
Attributed Indebtedness, (x) Off-Balance Sheet Liabilities, (xi) Disqualified
Stock, (xii) with respect to the Indebtedness of the Company, the Preferred
Capital Securities, (xiii) Synthetic Lease Obligations and (xiv) any other
obligation for borrowed money or other financial accommodation (other than any
Hedging Obligation) which in accordance with Agreement

13

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Accounting Principles would be shown as a liability on the consolidated balance
sheet of such Person.

        “Indemnified Matters” is defined in Section 10.7(B) hereof.

        “Indemnitees” is defined in Section 10.7(B) hereof.

        “Initial Loan Parties” means the Company, the Subsidiary Borrower and
each Subsidiary Guarantor as of the Closing Date.

        “Initial Mortgaged Properties” means the parcels of real Property of the
Company and the Domestic Subsidiary Guarantors set forth on Schedule 1.1.2 to
this Agreement.

        “Intellectual Property Security Agreements” means the intellectual
property security agreements as the Company or any Domestic Subsidiary Guarantor
may from time to time make in favor of the Administrative Agent for the benefit
of the Holders of Secured Obligations, in each case as the same may be amended,
restated, supplemented or otherwise modified from time to time.

        “Intercompany Indebtedness” means, with respect to any Borrower or
Subsidiary Guarantor, any and all claims of such Borrower or Subsidiary
Guarantor against any other Borrower or Subsidiary Guarantor or any other
endorser, obligor or any other guarantor of all or any part of the Obligations,
or against any of its properties, including, without limitation, claims arising
from liens or security interests upon property with respect to any such claim
owing to such Borrower or Subsidiary Guarantor.

        “Interest Expense” means, with respect to any period, the aggregate of
all interest expense reported by the Company and its Subsidiaries in accordance
with Agreement Accounting Principles during such period, net of any interest
income received by the Company and its Subsidiaries during such period from
Investments, but excluding, to the extent constituting interest expense,
Receivables Facility Financing Costs for such period. As used in this
definition, the term “interest” shall include, without limitation, all interest,
fees and costs payable with respect to the obligations under this Agreement
(other than fees and costs which may be capitalized as transaction costs in
accordance with Agreement Accounting Principles) and the interest portion of
Capitalized Lease payments during such period, all as determined in accordance
with Agreement Accounting Principles.

        “Interest Period” means, with respect to any Eurocurrency Rate Advance:

         (a)        initially, the period commencing on the Borrowing Date with
respect to such Advance or the date of the conversion of such Advance, as the
case may be, ending seven or fourteen days or one, two, three, or six months
thereafter or such alternate period agreed to by the Lenders, as selected by the
Company (on behalf of itself or the Subsidiary Borrower) in its
Borrowing/Election Notice given with respect thereto; and

         (b)        thereafter, each period commencing on the last day of the
preceding Interest Period applicable to such Eurocurrency Rate Advance and
ending seven or fourteen days or one, two, three or six months thereafter or
such alternate period agreed

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to by the Lenders, as selected by the Company (on behalf of itself or the
Subsidiary Borrower) in its Borrowing/Election Notice given with respect thereto
in accordance with Section 2.9;

provided, that all of the foregoing provisions relating to Interest Periods are
subject to the following:

         (i)               if any Interest Period would otherwise end on a day
that is not a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless, in the case of any Interest Period that is one,
two, three or six months in length, the result of such extension would be to
carry such Interest Period into another calendar month, in which event such
Interest Period shall end on the immediately preceding Business Day; and

         (ii)               any Interest Period applicable to a Eurocurrency
Rate Advance that would otherwise extend beyond the Termination Date shall end
on the Termination Date.

        “Investment” of a Person means any loan, advance (other than commission,
travel and similar advances to officers and employees made in the ordinary
course of business), extension of credit (other than accounts receivable arising
in the ordinary course of business on terms customary in the trade and loans to
employees in the ordinary course of business) or contribution of capital by such
Person; stocks, bonds, mutual funds, partnership interests, notes, debentures or
other securities owned by such Person; and any deposit accounts and certificate
of deposits owned by such Person.

        “IRS” means the Internal Revenue Service and any Person succeeding to
the functions thereof.

        “Issuing Bank” means (i) JPMCB in its separate capacity as an issuer of
Letters of Credit pursuant to Section 3.1 or 3.2 hereunder with respect to each
Letter of Credit issued or deemed issued by JPMCB upon a Borrower’s request and
(ii) any Lender (other than JPMCB) reasonably acceptable to the Administrative
Agent, in such Lender’s separate capacity as an issuer of Letters of Credit
pursuant to Section 3.1 with respect to any and all Letters of Credit issued by
such Lender in its sole discretion upon a Borrower’s request; provided, that,
unless the Administrative Agent shall otherwise consent, there shall not at any
time be more than three (3) Lenders constituting Issuing Banks hereunder. All
references contained in this Agreement and the other Loan Documents to the
“Issuing Bank” shall be deemed to apply equally to each of the institutions
referred to in clauses (i) and (ii) of this definition in their respective
capacities as issuers of any and all Letters of Credit issued by each such
institution.

        “Joint Venture” means an association of economically independent
business entities (the “Venturers”) for a common commercial purpose of defined
scope and duration, by contract or through equity interests in a business
entity, and by means of which the Venturers pool resources and share risks,
rewards and control.

        “JPMCB” means JPMorgan Chase Bank, National Association, in its
individual capacity, and its successors.

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        “L/C Collateral Account” is defined in Section 3.11(A) hereof.

        “L/C Documents” is defined in Section 3.4(A) hereof.

        “L/C Draft” means a draft drawn on the Issuing Bank pursuant to a Letter
of Credit.

        “L/C Fee” is defined in Section 3.8(A) hereof.

        “L/C Interest” shall have the meaning ascribed to such term in Section
3.6 hereof.

        “L/C Obligations” means, without duplication, an amount equal to the sum
of (i) the aggregate of the Dollar Amount then available for drawing under each
of the Letters of Credit and (ii) the aggregate outstanding Dollar Amount of all
Reimbursement Obligations at such time.

        “Lenders” means the lending institutions listed on the signature pages
of this Agreement or parties to Assignment Agreements delivered pursuant to
Section 13.3 hereof, including the Issuing Bank, the Swing Line Bank and each of
their respective successors and assigns but excluding any such institution that
ceases to be a party hereto pursuant to an Assignment Agreement so delivered.

        “Lending Installation” means, with respect to a Lender or the
Administrative Agent, any office, branch, subsidiary or affiliate of such Lender
or the Administrative Agent.

        “Letter of Credit” means the commercial and standby letters of credit
(i) to be issued by the Issuing Bank pursuant to Section 3.1 hereof or (ii)
deemed issued by the Issuing Bank as a Transitional Letter of Credit pursuant to
Section 3.2 hereof.

        “Lien” means any lien (statutory or other), security interest, mortgage,
pledge, hypothecation, assignment, deposit arrangement, encumbrance or
preference, priority or other security agreement or preferential arrangement of
any kind or nature whatsoever (including, without limitation, the interest of a
vendor or lessor under any conditional sale, Capitalized Lease, Synthetic Lease
or other title retention agreement).

        “Loan(s)” means, with respect to a Lender, such Lender’s portion of any
Advance made pursuant to Section 2.1 hereof, as applicable, and in the case of
the Swing Line Bank, any Swing Line Loan made pursuant to Section 2.2 hereof,
and collectively, all Revolving Loans and Term Loans (in each case whether made
or continued as or converted to Floating Rate Loans or Eurocurrency Rate Loans)
and Swing Line Loans.

        “Loan Documents” means this Agreement, any promissory notes executed
pursuant to Section 2.12(B), the Guarantees, the Collateral Documents, any
Assignment Agreement and all other documents, instruments, notes and agreements
executed in connection therewith or pursuant thereto, as the same may be
amended, restated or otherwise modified and in effect from time to time.

        “Loan Parties” means, collectively, the Borrowers and the Subsidiary
Guarantors.

        “Mandatory Cost” is described in Schedule 1.1.3.

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        “Margin Stock” shall have the meaning ascribed to such term in
Regulation U.

        “Material Adverse Effect” means a material adverse effect on (i)
business, condition (financial or otherwise), operations, performance or
Properties of the Company and its Subsidiaries taken as a whole, (ii) the
ability of the Borrowers to pay the Obligations under the Loan Documents, or
(iii) the validity or enforceability of any of the Loan Documents or the rights
or remedies of the Agents or the Lenders thereunder.

        “Material Indebtedness” means (i) Indebtedness in an outstanding
principal Dollar Amount of $35,000,000 or more in the aggregate or (ii) any
Indebtedness outstanding under any Senior Note Indenture that has not been
defeased in full in accordance with the terms of the applicable Senior Note
Indenture.

        “Material Indebtedness Agreement” means any agreement under which any
Material Indebtedness was created or is governed or which provides for the
incurrence of Indebtedness in an amount which would constitute Material
Indebtedness (whether or not an amount of Indebtedness constituting Material
Indebtedness is outstanding thereunder).

        “Moody’s” means Moody’s Investors Service, Inc., together with its
successors and assigns.

        “Moody’s Rating” means, at any time, the rating issued by Moody’s and
then in effect with respect to the Company’s senior unsecured long-term debt
securities without third-party credit enhancement.

        “Mortgage” means each of those certain mortgages and deeds of trust
dated as of the Closing Date and such other mortgages and deeds of trust as are
entered into by the Loan Parties pursuant hereto or in connection herewith, in
each case as amended, restated, supplemented or otherwise modified from time to
time.

        “Mortgage Instruments” means such title reports, title insurance,
opinions of counsel, surveys, appraisals and environmental reports as are
requested by, and in form and substance reasonably acceptable to, the
Administrative Agent from time to time.

        “MSSCo” means Meritor Suspension Systems Company, U.S., a Delaware
general partnership, and its successors.

        “Multiemployer Plan” means a “multiemployer plan” as defined in Section
4001(a)(3) of ERISA which is contributed to by either the Company or any member
of the Controlled Group.

        “Net Aggregate Revolving Credit Exposure” means, as of any date of
determination, (i) the Dollar Amount of the Revolving Credit Obligations as of
such date minus (ii) the Dollar Amount of funds on deposit in the L/C Collateral
Account on such date.

        “Obligations” means all Loans, L/C Obligations, advances, debts,
liabilities, obligations, covenants and duties owing by the Company or any of
its Subsidiaries (including, without limitation, the Subsidiary Borrower) to the
Administrative Agent, any Lender, the Swing Line Bank, any Arranger, any
Affiliate of the Administrative Agent or any Lender, the Issuing Bank,

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or any Indemnitee, of any kind or nature, present or future, arising under this
Agreement, the L/C Documents, the Guarantees or any other Loan Document, whether
or not evidenced by any note, guaranty or other instrument, whether or not for
the payment of money, whether arising by reason of an extension of credit, loan,
guaranty, indemnification, or in any other manner, whether direct or indirect
(including those acquired by assignment), absolute or contingent, due or to
become due, now existing or hereafter arising and however acquired, all
interest, charges, expenses, fees, attorneys’ fees and disbursements,
paralegals’ fees (in each case whether or not allowed or allowable) and any
other sum chargeable to the Company or any of its Subsidiaries under this
Agreement or any other Loan Document.

        “Off-Balance Sheet Liabilities” of a Person means, without duplication,
(i) any Receivables Facility Attributed Indebtedness and repurchase obligation
or liability of such Person or any of its Subsidiaries with respect to
Receivables or notes receivable sold by such Person or any of its Subsidiaries
to the extent such Receivables Facility Attributed Indebtedness, obligation or
liability does not appear on the consolidated balance sheet of such Person and
its Subsidiaries (calculated to include the unrecovered investment of purchasers
or transferees of Receivables or notes receivable or any other obligation of the
Company or such transferor to purchasers/transferees of interests in Receivables
or notes receivables or the agent for such purchasers/transferees), (ii) any
liability under any sale and leaseback transactions which do not create a
liability on the consolidated balance sheet of such Person, (iii) any Synthetic
Lease Obligations or (iv) any obligations arising with respect to any other
transaction (other than any Operating Lease that does not constitute a Synthetic
Lease) which is the functional equivalent of or takes the place of borrowing but
which does not constitute a liability on the consolidated balance sheets of such
Person and its Subsidiaries.

        “Operating Lease” of a Person means any lease of property by such Person
as lessee that qualifies as an operating lease for financial reporting purposes
under Agreement Accounting Principles.

        “Originators” means the Company and/or any of its Subsidiaries (other
than any SPV) in their respective capacities as sellers or transferors of any
Receivables and Related Security in connection with a Permitted Receivables
Financing.

        “Other Taxes” is defined in Section 2.14(E)(ii) hereof.

        “Participants” is defined in Section 13.2(A) hereof.

        “Payment Date” means the last Business Day of each March, June,
September and December and the Termination Date, commencing June 30, 2006.

        “PBGC” means the Pension Benefit Guaranty Corporation, or any successor
thereto.

        “Permitted Acquisition” is defined in Section 7.3(G) hereof.

        “Permitted Domestic Receivables Financing” means any transaction or
series of transactions that may be entered into by the Company or any Domestic
Subsidiary pursuant to which the Company and/or any Domestic Subsidiary may
sell, convey or otherwise transfer, directly or indirectly, to a newly-formed
SPV, or any other Person, any Receivables and Related

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Security originated in the United States of America for the purpose of obtaining
financing; provided, that (i) the Receivables Facility Attributed Indebtedness
incurred in such transaction or series of transactions does not at any time
exceed $275,000,000 in the aggregate and (ii) such Receivables Facility
Attributed Indebtedness is non-recourse to the Company and its Subsidiaries
(other than an SPV) other than limited recourse customary for receivables
financings of the same kind.

        “Permitted Existing Indebtedness” means the Indebtedness of the Company
and its Subsidiaries as of the Closing Date identified as such on Schedule 1.1.4
to this Agreement.

        “Permitted Foreign Receivables Financing” means any transaction or
series of transactions (other than any Foreign Factoring Transaction) that may
be entered into by any Foreign Subsidiary pursuant to which any Foreign
Subsidiary may sell, convey or otherwise transfer, directly or indirectly, to a
newly-formed SPV, or any other Person, any Receivables and Related Security
originated outside the United States of America for the purpose of obtaining
financing; provided, that (i) the Receivables Facility Attributed Indebtedness
incurred in such transaction or series of transactions does not at any time
exceed $200,000,000 in the aggregate and (ii) such Receivables Facility
Attributed Indebtedness is non-recourse to the Company and its Subsidiaries
(other than an SPV) other than limited recourse customary for receivables
financings of the same kind.

        “Permitted Receivables Financing” means either a Permitted Domestic
Receivables Financing or a Permitted Foreign Receivables Financing.

        “Permitted Refinancing Indebtedness” means any replacement, renewal,
refinancing or extension of any Permitted Existing Indebtedness permitted by
this Agreement that (i) does not exceed the aggregate principal amount (plus
accrued interest and any applicable premium and associated fees and expenses) of
the Indebtedness being replaced, renewed, refinanced or extended, (ii) does not
have a Weighted Average Life to Maturity at the time of such replacement,
renewal, refinancing or extension that is less than the Weighted Average Life to
Maturity of the Indebtedness being replaced, renewed, refinanced or extended,
(iii) does not rank at the time of such replacement, renewal, refinancing or
extension senior to the Indebtedness being replaced, renewed, refinanced or
extended, and (iv) does not contain terms (including, without limitation, terms
relating to security, amortization, interest rate, premiums, fees, covenants,
subordination, event of default and remedies) that are materially less favorable
to the Company or relevant Subsidiary than those applicable to the Indebtedness
being replaced, renewed, refinanced or extended; provided, that no Indebtedness
incurred pursuant to the 1990 Senior Note Indenture after the Closing Date shall
constitute Permitted Refinancing Indebtedness.

        “Permitted Related Party Transactions” means (a) Permitted Receivables
Financings, (b) transactions between one or more Domestic Subsidiary Guarantors
that are Wholly-Owned Subsidiaries; (c) transactions between the Company and one
or more Domestic Subsidiary Guarantors that are Wholly-Owned Subsidiaries; (d)
transactions between one or more Foreign Subsidiary Guarantors that are
Wholly-Owned Subsidiaries; (e) transactions between the Subsidiary Borrower and
one or more Foreign Subsidiary Guarantors that are Wholly-Owned Subsidiaries;
(f) transactions between one or more Foreign Subsidiary Non-Guarantors that are

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Wholly-Owned Subsidiaries; (g) transactions between (i) any Wholly-Owned
Subsidiary of the Company that is not a Domestic Subsidiary Guarantor and (ii)
the Company or any Domestic Subsidiary Guarantor that is a Wholly-Owned
Subsidiary, on the other hand, where the net benefit derived from such
transaction is derived by the Company or such Domestic Subsidiary Guarantor as
the transferee in such transaction, (h) transactions between (i) any
Wholly-Owned Subsidiary of the Company that is a Foreign Subsidiary
Non-Guarantor and (ii) the Subsidiary Borrower or any Foreign Subsidiary
Guarantor that is a Wholly-Owned Subsidiary, on the other hand, where the net
benefit derived from such transaction is derived by the Subsidiary Borrower or
such Foreign Subsidiary Guarantor as the transferee in such transaction, (i)
transactions between (i) any non-Wholly-Owned Subsidiary of the Company, any
Affiliate of the Company (other than Wholly-Owned Subsidiaries) or any Joint
Venture in which the Company or any of its Subsidiaries is a Venturer, on the
one hand and (ii) the Company or any Wholly-Owned Subsidiary of the Company, on
the other hand, where the net benefit derived from such transaction is derived
by the Company or such Wholly-Owned Subsidiary as the transferee in such
transaction and (j) transactions among the Company and/or one or more
Subsidiaries expressly permitted under Section 7.3.

        “Permitted Strategic Transactions” means one or more transactions: (a)
entered into between (i) the Company or one of its Wholly-Owned Subsidiaries, on
the one hand and (ii) any non-Wholly-Owned Subsidiary, Affiliate (other than
Wholly-Owned Subsidiaries) or Joint Venture, on the other hand, (b) where the
principal factor for the Company or the Wholly-Owned Subsidiary entering into
such a transaction is to provide for a more tax-efficient structure or to
accomplish strategic objectives and (c) where such transaction or transactions
are not materially adverse to the interests of the Lenders in their capacities
as Lenders under this Agreement.

        “Person” means any individual, corporation, firm, enterprise,
partnership, trust, incorporated or unincorporated association, joint venture,
joint stock company, limited liability company or other entity of any kind, or
any government or political subdivision or any agency, department or
instrumentality thereof.

        “Plan” means an employee benefit plan defined in Section 3(3) of ERISA
(other than a Foreign Plan) in respect of which the Company or any member of the
Controlled Group is an “employer” as defined in Section 3(5) of ERISA.

        “Pledge and Security Agreement” means that certain Pledge and Security
Agreement, dated as of the Closing Date, executed by the Company, the Domestic
Subsidiary Guarantors and the Administrative Agent for the benefit of the
Holders of Secured Obligations, as the same may be amended, restated,
supplemented, or otherwise modified from time to time.

        “Pledge Subsidiary” means (i) each Domestic Subsidiary (including each
SPV with respect to each Permitted Domestic Receivables Financing), (ii) each
First Tier Foreign Subsidiary and (iii) any other Foreign Subsidiary the pledge
of the Capital Stock of which (a) from time to time in the reasonable credit
judgment of the Administrative Agent, could provide material credit support to
secure the Secured Obligations and (b) would not cause a Deemed Dividend Problem
or a Financial Assistance Problem.

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        “Preferred Capital Securities” means the 9 1/2% Mandatory Redeemable
Preferred Capital Securities due 2027 issued by a wholly-owned finance
subsidiary trust of the Company, as the terms of which may be amended, restated,
supplemented or otherwise modified in accordance with the terms of Section
7.3(K) hereof.

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

        “Prior Credit Agreement” means that certain Credit Agreement, dated as
of July 6, 2004, among the Company, certain Subsidiaries of the Company party
thereto from time to time, the financial institutions party thereto, JPMCB
(successor by merger to Bank One, NA), as administrative agent, JPMCB and
Citicorp North America, Inc., as syndication agents, and ABN AMRO Bank N.V., BNP
Paribas and UBS Loan Finance LLC, as co-documentation agents.

        “Property” of a Person means any and all property, whether real,
personal, tangible, intangible, or mixed, of such Person, or other assets owned,
leased or operated by such Person.

        “Pro Rata Share” means, with respect to any Lender, (a) with respect to
Revolving Loans, L/C Obligations or Swing Line Loans or any determination of
“Required Revolving Loan Lenders”, a percentage equal to a fraction the
numerator of which is such Lender’s Revolving Loan Commitment and the
denominator of which is the Aggregate Revolving Loan Commitment (or if the
Revolving Loan Commitments have terminated or expired, the Pro Rata Shares shall
be determined based upon such Lender’s share of the Revolving Credit Obligations
at that time), (b) with respect to the Term Loans, a percentage equal to a
fraction the numerator of which is such Lender’s outstanding principal amount of
the Term Loans and the denominator of which is the aggregate outstanding amount
of the Term Loans of all Lenders and (c) with respect to any reimbursement or
indemnity obligation applicable to all of the Lenders or any determination of
“Required Lenders”, a percentage equal to a fraction the numerator of which is
the sum of such Lender’s Revolving Loan Commitment (or, if the Revolving Loan
Commitments have been terminated or expired, such Lender’s share of the
Revolving Credit Obligations) and such Lender’s outstanding principal amount of
the Term Loans and the denominator of which is the sum of the Aggregate
Revolving Loan Commitment (or, if the Aggregate Revolving Loan Commitment has
been terminated or expired, the Revolving Credit Obligations) and the aggregate
outstanding principal balance of the Term Loans.

        “Purchasers” is defined in Section 13.3(A) hereof.

        “Rate Option” means the Eurocurrency Rate or the Floating Rate, as
applicable.

        “Receivable(s)” means and includes all of the Company’s and its
Subsidiaries’ presently existing and hereafter arising or acquired accounts,
accounts receivable, and all present and future rights of the Company and its
Subsidiaries to payment for goods sold or leased or for services rendered,
whether or not they have been earned by performance, and all rights in any
merchandise or goods which any of the same may represent, and all rights, title,
security and

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guaranties with respect to each of the foregoing, including, without limitation,
any right of stoppage in transit.

        “Receivables and Related Security” means the Receivables and the related
security and collections with respect thereto which are sold or transferred by
any Originator or SPV in connection with any Permitted Receivables Financing.

        “Receivables Facility Attributed Indebtedness” means the amount of
obligations outstanding under receivables purchase facilities or factoring
transactions on any date of determination that would be characterized as
principal if such facilities or transactions were structured as secured lending
transactions rather than as purchases, whether such obligations constitute
on-balance sheet Indebtedness or an Off-Balance Sheet Liability.

        “Receivables Facility Financing Costs” means (i) the interest expense
payable by the Company and its Subsidiaries in accordance with Agreement
Accounting Principles on any Receivables Facility Attributed Indebtedness
constituting on-balance sheet Indebtedness or (ii) the discount or implied
interest component of Receivables Facility Attributed Indebtedness retained by
purchasers of Receivables and Related Security pursuant to a Permitted
Receivables Financing.

        “Register” is defined in Section 13.3(E) hereof.

        “Regulation U” means Regulation U of the Board as from time to time in
effect and any successor or other regulation or official interpretation of the
Board relating to the extension of credit by banks, non-banks and non-broker
lenders for the purpose of purchasing or carrying Margin Stock applicable to
member banks of the Federal Reserve System.

        “Regulation X” means Regulation X of the Board as from time to time in
effect and any successor or other regulation or official interpretation of the
Board relating to the extension of credit by foreign lenders for the purpose of
purchasing or carrying margin stock (as defined therein).

        “Reimbursement Obligation” is defined in Section 3.7 hereof.

        “Release” means any release, spill, emission, leaking, pumping,
injection, deposit, disposal, discharge, dispersal, leaching or migration into
the indoor or outdoor environment, including the movement of Contaminants
through or in the air, soil, surface water or groundwater.

        “Replacement Lender” is defined in Section 2.19 hereof.

        “Reportable Event” means a reportable event as defined in Section 4043
of ERISA and the regulations issued under such section, with respect to a Plan,
excluding, however, such events as to which the PBGC by regulation waived the
requirement of Section 4043(a) of ERISA that it be notified within 30 days of
the occurrence of such event.

        “Request for Letter of Credit” is defined in Section 3.4(A) hereof.

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        “Required Lenders” means Lenders whose Pro Rata Shares, in the
aggregate, are equal to or greater than fifty-one percent (51%); provided,
however, that if (x) the Revolving Loan Commitments have not been terminated
pursuant to the terms of this Agreement and (y) any Revolving Loan Lender shall
have failed to fund its Pro Rata Share of any Revolving Loan such Revolving Loan
Lender is obligated to fund under the terms of this Agreement and such failure
has not been cured, then, for so long as such failure continues, “Required
Lenders” means Lenders (excluding all Revolving Loan Lenders whose failure to
fund their respective Pro Rata Shares of a Revolving Loan has not been so cured)
whose Pro Rata Shares represent at least fifty-one percent (51%) of the
aggregate Pro Rata Shares of such Lenders.

        “Required Revolving Loan Lenders” means Revolving Loan Lenders whose Pro
Rata Shares, in the aggregate, are greater than fifty percent (50%); provided,
however, that if (x) the Revolving Loan Commitments have not been terminated
pursuant to the terms of this Agreement and (y) any Revolving Loan Lender shall
have failed to fund its Pro Rata Share of any Revolving Loan such Lender is
obligated to fund under the terms of this Agreement and such failure has not
been cured, then, for so long as such failure continues, “Required Revolving
Loan Lenders” means Revolving Loan Lenders (excluding all Revolving Loan Lenders
whose failure to fund their respective Pro Rata Shares of a Revolving Loan has
not been so cured) whose Pro Rata Shares represent at least fifty-one percent
(51%) of the aggregate Pro Rata Shares of such Lenders.

        “Restricted Payment” means (i) any dividend or other distribution,
direct or indirect, on account of any equity interests of the Company now or
hereafter outstanding, except a dividend payable solely in the Company’s Capital
Stock (other than Disqualified Stock) or in options, warrants or other rights to
purchase such Capital Stock, (ii) any redemption, retirement, purchase or other
acquisition for value, direct or indirect, of any equity interests of the
Company now or hereafter outstanding, other than in exchange for, or out of the
proceeds of, the substantially concurrent sale (other than to a Subsidiary of
the Company) of other equity interests of the Company (other than Disqualified
Stock), (iii) any redemption, purchase, retirement, defeasance, prepayment or
other acquisition for value, direct or indirect, of any subordinated
Indebtedness (including, without limitation, the Preferred Capital Securities,
but excluding any Indebtedness described in Section 7.3(A)(iii)) or any
Disqualified Stock, (iv) any payment of a claim for the rescission of the
purchase or sale of, or for material damages arising from the purchase or sale
of, any Indebtedness (other than the Obligations) or any equity interests of the
Company or of a claim for reimbursement, indemnification or contribution arising
out of or related to any such claim for damages or rescission and (v) any other
transaction that has a substantially similar effect as the transactions
described in the foregoing clauses (i) through (iv).

        “Revolving Credit Availability” means, at any particular time, the
amount by which (i) the Aggregate Revolving Loan Commitment at such time exceeds
(ii) the Dollar Amount of the Revolving Credit Obligations outstanding at such
time.

        “Revolving Advance” means an Advance consisting of Revolving Loans.

        “Revolving Credit Obligations” means, at any particular time, the sum of
(i) the outstanding principal Dollar Amount of the Revolving Loans at such time,
plus (ii) the

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outstanding principal Dollar Amount of the Swing Line Loans at such time, plus
(iii) the Dollar Amount of outstanding L/C Obligations at such time.

        “Revolving Loan” is defined in Section 2.1(A) hereof.

        “Revolving Loan Commitment” means, for each Lender, the obligation of
such Lender to make Revolving Loans and to purchase participations in Letters of
Credit and to participate in Swing Line Loans in an aggregate amount not
exceeding the amount set forth on Exhibit A-1 to this Agreement opposite its
name thereon under the heading “Revolving Loan Commitment” or the signature page
of the Assignment Agreement by which it became a Lender, as such amount may be
decreased from time to time pursuant to the terms of this Agreement or to give
effect to any applicable Assignment Agreement.

        “Revolving Loan Lender” means any Lender with a Revolving Loan
Commitment.

        “Revolving Loan Termination Date” means June 23, 2011.

        “Risk-Based Capital Guidelines” is defined in Section 4.2.

        “S&P” means Standard and Poor’s Ratings Group, a division of The
McGraw-Hill Companies, together with its successors and assigns.

        “S&P Rating” means, at any time, the rating issued by S&P and then in
effect with respect to the Company’s senior unsecured long-term debt securities
without third-party credit enhancement.

        “Secured Obligations” means (i) all Obligations and (ii) all Hedging
Obligations and Treasury Obligations of the Company or any Domestic Subsidiary
Guarantor owing to any Lender or any Affiliate of any Lender.

        “Securities Act” means the Securities Act of 1933, as amended from time
to time.

        “Securities Exchange Act” means the Securities Exchange Act of 1934, as
amended from time to time.

        “Senior Note Indenture” means each of (i) the 1990 Senior Note
Indenture, (ii) the 1998 Senior Note Indenture and (iii) the 2006 Senior Note
Indenture, and “Senior Note Indentures” means, collectively, the 1990 Senior
Note Indenture, the 1998 Senior Note Indenture and the 2006 Senior Note
Indenture.

        “Single Investment Grade Status” exists at any date if, on such date,
(i) the Company’s S&P Rating is BBB- (with stable outlook) or better or (ii) the
Company’s Moody’s Rating is Baa3 (with stable outlook) or better.

        “Solvent” means, with respect to any Person (individually or together
with its Subsidiaries (taken as a whole)) on a particular date, that on such
date (i) the fair value of the property of such Person is greater than the total
amount of liabilities, including contingent liabilities, of such Person, (ii)
the present fair salable value of the assets of such Person

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(determined on a going concern basis) is not less than the amount that will be
required to pay the probable liability of such Person on its debts as they
become absolute and matured, (iii) such Person does not intend to, and does not
believe that it will, incur debts or liabilities beyond such Person’s ability to
pay as such debts and liabilities mature, and (iv) such Person is not engaged in
a business or transaction, and is not about to engage in a business or
transaction, for which such Person’s property would constitute an unreasonably
small capital. The amount of contingent liabilities (such as litigation,
guaranties and pension plan liabilities) at any time shall be computed as the
amount that, in light of all the facts and circumstances existing at the time,
represents the amount that can be reasonably be expected to become an actual or
matured liability.

        “Special Foreign Subsidiary” means, at any time, any Foreign Subsidiary
(a) whose assumption of joint and several liability hereunder for the
Obligations of the Company would not be unlawful under applicable law or have
material adverse tax consequences under applicable foreign law and (b) whose
assumption of joint and several liability hereunder for the Obligations of the
Company would not give rise to a Deemed Dividend Problem or a Financial
Assistance Problem.

        “Springing Lien Status” exists at any date if, on such date, (i) the
Company’s S&P Rating is BB or less or (ii) the Company’s Moody’s Rating is Ba2
or less.

        “SPV” means any special purpose entity established for the purpose of
purchasing receivables in connection with a receivables securitization
transaction permitted under the terms of this Agreement.

        “Statutory Reserve Rate” means, with respect to any Agreed Currency, a
fraction (expressed as a decimal), the numerator of which is the number one and
the denominator of which is the number one minus the aggregate of the maximum
reserve, liquid asset, fees or similar requirements (including any marginal,
special, emergency or supplemental reserves or other requirements) established
by any central bank, monetary authority, the Board, the Financial Services
Authority, the European Central Bank or other Governmental Authority for any
category of deposits or liabilities customarily used to fund loans in such
Agreed Currency, expressed in the case of each requirement as a decimal. Such
reserve percentages shall include those imposed pursuant to such Regulation D.
Eurocurrency Rate Loans shall be deemed to constitute eurocurrency funding and
to be subject to such reserve, liquid asset or similar requirements without
benefit of or credit for proration, exemptions or offsets that may be available
from time to time to any Lender under such Regulation D or any other applicable
law, rule or regulation. The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve,
liquid asset or similar requirement.

        “Sterling” means the lawful currency of the United Kingdom.

        “Subsidiary” of a Person means any corporation, limited liability
company, partnership, association, joint venture or other entity the accounts of
which would be consolidated with those of the parent in the parent’s
consolidated financial statements if such financial statements were prepared in
accordance with Agreement Accounting Principles as of such date, as well as any
other (i) corporation more than fifty percent (50%) of the outstanding
securities having ordinary

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voting power of which shall at the time be owned or controlled, directly or
indirectly, by such Person or by one or more of its Subsidiaries or by such
Person and one or more of its Subsidiaries, or (ii) partnership, limited
liability company, association, joint venture or similar business organization
more than fifty percent (50%) of the ownership interests having ordinary voting
power of which shall at the time be so owned or controlled. Unless otherwise
expressly provided, all references herein to a “Subsidiary” means a Subsidiary
of the Company and shall include, without limitation, the Subsidiary Borrower
and each Subsidiary Guarantor.

        “Subsidiary Borrower” means ArvinMeritor Finance Ireland, a private
unlimited liability company incorporated under the laws of Ireland, together
with its permitted successors and assigns, including a debtor-in-possession or
receiver (or entity of analogous status under applicable foreign law) on behalf
of such company.

        “Subsidiary Guarantors” means (i) all of the Company’s Domestic
Subsidiaries (excluding Excluded Subsidiaries and, subject to clause (iv) of
Section 7.2(K), SPVs, MSSCo and Suspension Holdings) and Special Foreign
Subsidiaries as of the Closing Date, and (ii) all additional Subsidiaries of the
Company which become Subsidiary Guarantors in accordance with Section 7.2(K)(ii)
or (iii) hereof, in each case, together with their respective successors and
assigns (including a debtor-in-possession (or entity of analogous status under
applicable foreign law) on behalf of any such Subsidiary), unless and until such
Subsidiary has been released from its respective Guaranty in accordance with the
terms of this Agreement.

        “Subsidiary Guaranty” means that certain Guaranty, dated as of the
Closing Date, executed by the Domestic Subsidiary Guarantors and certain other
Subsidiary Guarantors in favor of the Administrative Agent, for the ratable
benefit of the itself and the other Holders of the Secured Obligations from time
to time, unconditionally guaranteeing all of the Secured Obligations, as the
same may be amended, restated, supplemented or otherwise modified from time to
time (including to add additional Subsidiary Guarantors).

        “SunTrust Synthetic Lease Documents” shall mean (i) that certain Master
Agreement, dated as of December 17, 2001, by and among the Company, certain
Subsidiaries of the Company that are or may hereafter become parties thereto as
lessees, Atlantic Financial Group, Ltd., as the lessor thereunder, certain
financial institutions from time to time parties thereto as lenders, and
SunTrust Bank, as agent for such lenders and (ii) any other instruments,
documents or agreements executed in connection therewith, in each case, as the
same has been and may hereafter be amended, restated, supplemented or otherwise
modified from time to time.

        “Suspension Holdings” means ArvinMeritor Suspension Holdings, Inc., a
Delaware corporation, and its successors.

        “Swing Line Bank” means JPMCB or any other successor Swing Line Bank
pursuant to the terms hereof.

        “Swing Line Commitment” means the obligation of the Swing Line Bank to
make Swing Line Loans to the Company up to a maximum principal Dollar Amount of
$100,000,000 at any one time outstanding.

        “Swing Line Loan” is defined in Section 2.2(A) hereof.

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        “Swing Line Repayment Date” is defined in Section 2.2(D) hereof.

        “Syndication Agent” means each of Citicorp North America, Inc. and UBS
Loan Finance LLC in its respective capacity as a syndication agent for itself
and the Lenders.

        “Synthetic Lease” means a financing structure that qualifies as an
operating lease for financial reporting purposes under Agreement Accounting
Principles, but is considered a loan for tax purposes.

        “Synthetic Lease Obligations” means any liabilities under any Synthetic
Lease.

        “Taxes” is defined in Section 2.14(E)(i) hereof.

        “Termination Date” means the earlier of (a) the Revolving Loan
Termination Date, and (b) the date of termination in whole of the Aggregate
Revolving Loan Commitment pursuant to Section 2.5 or 9.1 hereof.

        “Termination Event” means (i) a Reportable Event with respect to any
Benefit Plan; (ii) the withdrawal of the Company or any member of the Controlled
Group from a Benefit Plan during a plan year in which the Company or such
Controlled Group member was a “substantial employer” as defined in Section
4001(a)(2) of ERISA; (iii) the imposition of an obligation on the Company or any
member of the Controlled Group under Section 4041 of ERISA to provide affected
parties written notice of intent to terminate a Benefit Plan in a distress
termination described in Section 4041(c) of ERISA; (iv) the institution by the
PBGC or any similar foreign governmental authority of proceedings to terminate
or appoint a Trustee to administer a Benefit Plan or Foreign Pension Plan; (v)
any event or condition which could reasonably constitute grounds under Section
4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Benefit Plan; (vi) the partial or complete withdrawal of the
Company or any member of the Controlled Group from a Multiemployer Plan or
Foreign Pension Plan or (vii) the termination or reorganization of a
Multiemployer Plan.

        “Term Loan” is defined in Section 2.1(D) hereof.

        “Term Loan Commitment” means, for each Lender, the obligation of such
Lender to make its Term Loan pursuant to the terms and conditions of this
Agreement, which shall not exceed the principal amount set forth on Exhibit A-2
to this Agreement opposite its name thereon under the heading “Term Loan
Commitment”.

        “Term Loan Lender” means any Lender with a Term Loan Commitment.

        “Term Loan Maturity Date” means earlier of (a) June 23, 2012 and (b) the
date on which the Obligations become due and payable pursuant to Section 9.1
hereof.

        “Total Indebtedness” means, as of the end of any fiscal quarter of the
Company, (i) all Indebtedness of the Company and its Subsidiaries as at such
date, but excluding (x) Indebtedness in respect of the Preferred Capital
Securities, (y) up to $75,000,000 of Receivables Facility Attributable
Indebtedness arising in connection with Foreign Factoring Transactions and (z)
up to $250,000,000 of Receivables Facility Attributable Indebtedness arising in
connection with

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Permitted Receivables Financings minus (ii) the amount identified on the
Company’s consolidated balance sheet as “cash and cash equivalents” as of the
last day of such fiscal quarter, but solely to the extent that:

  (i) such cash and cash equivalents exceed $50,000,000 but are less than
$150,000,000; and

  (ii) such cash and cash equivalents are not subject to a Lien (including,
without limitation, any Lien permitted hereunder), setoff (other than ordinary
course setoff rights of a depository bank arising under a bank depository
agreement for customary fees, charges and other account-related expenses due to
such depository bank thereunder), counterclaim, recoupment, defense or other
right in favor of any Person (other than the Administrative Agent, for the
benefit of itself and the other Holders of Secured Obligations).

        “Transferee” is defined in Section 13.4 hereof.

        “Transitional Letters of Credit” is defined in Section 3.2 hereof.

        “Treasury Agreements” means the documents, agreements or arrangements
entered into between the Company or any Domestic Subsidiary Guarantor and one or
more of the Lenders or their Affiliates with respect to treasury management
services (including without limitation controlled disbursement, automated
clearinghouse transactions, return items, overdrafts and interstate depository
network services), (including without limitation overdraft liabilities) and card
services (including without limitation commercial credit cards, purchasing cards
and stored value cards) of such Loan Parties, as the same may from time to time
be amended, modified, supplemented or restated.

        “Treasury Obligations” means all obligations and liabilities incurred by
the Company or any Domestic Subsidiary Guarantor (whether directly or as
guarantor) under or in connection with Treasury Agreements.

        “2006 Senior Note Indenture” means that certain Indenture, dated as of
March 7, 2006, between the Company and BNY Midwest Trust Company, as Trustee, as
amended, restated, supplemented or otherwise modified from time to time in
accordance with the terms of Section 7.3(K) hereof.

        “Type” means, with respect to any Advance, its nature as a Floating Rate
Advance or a Eurocurrency Rate Advance and with respect to any Loan, its nature
as a Floating Rate Loan or a Eurocurrency Rate Loan.

        “Unfunded Liabilities” means the amount (if any) by which the present
value of all vested and unvested accrued benefits under all Benefit Plans
exceeds the fair market value of all such Plan assets allocable to such
benefits, all determined as of the then most recent valuation date for such
Plans using PBGC actuarial assumptions for single employer plan terminations.

        “Unmatured Default” means an event which, but for the lapse of time or
the giving of notice, or both, would constitute a Default.

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        “Venturer” has the meaning given that term in the definition of Joint
Venture above.

        “Weighted Average Life to Maturity” means when applied to any
Indebtedness at any date, the number of years obtained by dividing (i) 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 payment at final maturity, in respect thereof, 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 (ii) the then outstanding principal
amount of such Indebtedness.

        “Wholly-Owned Subsidiary” of a Person means (i) any Subsidiary all of
the outstanding voting securities of which shall at the time be owned or
controlled, directly or indirectly, by such Person or one or more Wholly-Owned
Subsidiaries of such Person, or by such Person and one or more Wholly-Owned
Subsidiaries of such Person or (ii) any partnership, limited liability company,
association, joint venture or similar business organization 100% of the
ownership interests having ordinary voting power of which shall at the time be
so owned or controlled.

        The foregoing definitions shall be equally applicable to both the
singular and plural forms of the defined terms. Any accounting terms used in
this Agreement which are not specifically defined herein shall have the meanings
customarily given them in accordance with Agreement Accounting Principles.

        1.2.        References. Any references to Subsidiaries of the Company
set forth herein with respect to representations and warranties which deal with
historical matters shall be deemed to include the Company and its Subsidiaries
and shall not in any way be construed as consent by the Administrative Agent or
any Lender to the establishment, maintenance or acquisition of any Subsidiary,
except as may otherwise be permitted hereunder.

        1.3.        Company Acting on Behalf of Itself and Subsidiary Borrower.
Whether or not expressly provided herein, each notice or certificate delivered
hereunder or in connection herewith or the other Loan Documents by or to the
Company (in its capacity as a Borrower) or an officer thereof, and each notice
or consent requested by or from the Company (in its capacity as a Borrower) or
an officer thereof, shall be so delivered or given to, by or on behalf of the
Company for the benefit of itself and the Subsidiary Borrower. In furtherance
and without limitation of the foregoing, the Company is hereby authorized and
given a power of attorney by and on behalf of the Subsidiary Borrower to perform
and accept any and all such actions on its behalf under this Agreement and the
other Loan Documents.

        1.4.        Joint and Several Liability for Obligations of the Company
and for Obligations of the Subsidiary Borrower; No Liability of Subsidiary
Borrower for Obligations of the Company.

        (A)        Joint and Several Liability for Obligations of the Subsidiary
Borrower. Notwithstanding anything to the contrary contained herein, the Company
hereby irrevocably and unconditionally retains and accepts, not merely as a
surety but also as a co-debtor, joint and several liability with the Subsidiary
Borrower with respect to the payment and performance of all of the Obligations
of or attributable to the Subsidiary Borrower arising hereunder or under the
other Loan Documents, it being the intention of the parties hereto that all of
such Obligations

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shall be the joint and several obligations of the Company and the Subsidiary
Borrower without preferences or distinction among them. Each provision hereunder
or in the Loan Documents relating to the obligations or liabilities of the
Subsidiary Borrower shall be deemed to include a reference to the Company, as a
joint and several obligor for such obligations and liabilities, whether or not a
specific reference to the Company is included therein.

        (B)        No Liability of Subsidiary Borrower for Obligations of the
Company. Notwithstanding anything to the contrary contained herein and
notwithstanding that the Company shall be liable for all of the Loans and other
Obligations of the Subsidiary Borrower hereunder, the Subsidiary Borrower shall
not be liable for the Loans made to or any other Obligations incurred solely by
or on behalf of the Company; provided, however, that the Subsidiary Borrower
hereby irrevocably and unconditionally agrees that, at any time that, and for so
long as, it is a Special Foreign Subsidiary, it shall be jointly and severally
liable with the Company (not merely as a surety but also as a co-debtor) with
respect to the payment and performance of all of the Obligations of or
attributable to the Company arising hereunder or under the other Loan Documents,
it being the intention of the parties hereto that (i) all of such Obligations
shall at such time be the joint and several obligations of the Company and the
Subsidiary Borrower without preferences or distinction among them and (ii) each
provision hereunder or in the Loan Documents relating to the obligations or
liabilities of the Company shall at such time be deemed to include a reference
to the Subsidiary Borrower, as a joint and several obligor for such obligations
and liabilities, whether or not a specific reference to the Subsidiary Borrower
is included therein.

        (C)        Guaranty of the Secured Obligations. Each of the Company and,
at any time that, and for so long as, it is a Special Foreign Subsidiary, the
Subsidiary Borrower hereby unconditionally guarantees the full and punctual
payment and performance when due (whether at stated maturity, upon acceleration
or otherwise) of the Secured Obligations of each Domestic Subsidiary Guarantor.
Upon failure by any Domestic Subsidiary Guarantor to pay punctually any such
amount or perform such obligation, each of the Company and, at any such time,
the Subsidiary Borrower agrees that it shall forthwith on demand pay such amount
or perform such obligation at the place and in the manner specified in the
relevant agreement. Each of the Company and, at any such time, the Subsidiary
Borrower agrees that this Guaranty is an absolute, irrevocable and unconditional
guaranty of payment and is not a guaranty of collection.

ARTICLE II: LOAN FACILITIES

        2.1.        Revolving Loans and Term Loans.

        (A)        Revolving Loan Commitment. Upon the satisfaction of the
applicable conditions precedent set forth in Sections 5.1 and 5.2, from and
including the Closing Date and prior to the Termination Date, each Revolving
Loan Lender severally and not jointly agrees, on the terms and conditions set
forth in this Agreement, to make revolving loans to the Borrowers from time to
time, in any Agreed Currency, in a Dollar Amount not to exceed such Lender’s Pro
Rata Share of Revolving Credit Availability at such time (each individually, a
“Revolving Loan” and, collectively, the “Revolving Loans”); provided, however,
that, except as permitted under Section 2.4(B), (i) at no time shall the Dollar
Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan
Commitment and (ii) at no time shall the Dollar Amount

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of the Revolving Credit Obligations denominated in Agreed Currencies other than
Dollars exceed the Foreign Currency Sublimit. Subject to the terms of this
Agreement, the Borrowers may borrow, repay and reborrow Revolving Loans at any
time prior to the Termination Date. The Revolving Loans made pursuant to this
Section 2.1 shall be, at the option of the Borrowers, selected in accordance
with Section 2.7, either Floating Rate Advances in Dollars or Eurocurrency Rate
Advances in any Agreed Currency; provided, however, that the initial Revolving
Loans shall be Floating Rate Advances in Dollars but may be converted into
Eurocurrency Rate Advances in accordance with Section 2.7. On the Termination
Date, the Borrowers shall repay in full the outstanding principal balance of the
Revolving Loans. Each Advance under this Section 2.1(A) shall consist of
Revolving Loans made by each Revolving Loan Lender ratably in proportion to such
Lender’s respective Pro Rata Share.

        (B)        Borrowing/Election Notice. The Company (on behalf of itself
or the Subsidiary Borrower) shall deliver to the Administrative Agent a
Borrowing/Election Notice, signed by it, in accordance with the terms of Section
2.7, in order to request an Advance.

        (C)        Making of Revolving Loans. Promptly after receipt of the
Borrowing/Election Notice under Section 2.7 in respect of Revolving Loans, the
Administrative Agent shall notify each Revolving Loan Lender in writing
(including electronic transmission, facsimile transmission or similar writing)
of the requested Revolving Loan. Each Revolving Loan Lender shall make available
its Revolving Loan in accordance with the terms of Section 2.6. The
Administrative Agent will promptly make the funds so received from the Revolving
Loan Lenders available to the applicable Borrower at the Administrative Agent’s
office in New York, New York or the applicable Eurocurrency Payment Office on
the applicable Borrowing Date and shall disburse such proceeds in accordance
with the disbursement instructions set forth in such Borrowing/Election Notice.
The failure of any Revolving Loan Lender to deposit the amount described above
with the Administrative Agent on the applicable Borrowing Date shall not relieve
any other Revolving Loan Lender of its obligations hereunder to make its
Revolving Loan on such Borrowing Date.

        (D)        Term Loans. (i) Upon the satisfaction of the applicable
conditions precedent set forth in Sections 5.1 and 5.2, each Term Loan Lender
severally and not jointly agrees, on the terms and conditions set forth in this
Agreement, to make a term loan (any such term loan being referred to as a “Term
Loan” and all such term loans being referred to collectively as the “Term
Loans”) in Dollars to the Company on the Closing Date, in an amount equal to
such Term Loan Lender’s Pro Rata Share of the Aggregate Term Loan Commitment.
The Term Loans shall initially be Floating Rate Advances but may be converted
into Eurocurrency Rate Advances in accordance with Section 2.7. Each Term Loan
Lender shall make the amount of such Lender’s Term Loan available to the
Administrative Agent in New York, New York at its address specified in Article
XIV in funds immediately available, on the Closing Date. After the
Administrative Agent’s receipt of the proceeds of such Term Loan from the Term
Loan Lenders, the Administrative Agent shall make the proceeds of such Term Loan
available to the Company on the Closing Date by transferring immediately
available funds equal to the proceeds of such Term Loans received by the
Administrative Agent as the Company shall instruct in writing.

        (ii)        The Term Loans shall be repaid in (i) twenty-three (23)
consecutive equal quarterly installments of $250,000, payable on the last
Business Day of each fiscal quarter of the

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Company, commencing September 30, 2006 and (ii) a final installment equal to the
remaining outstanding balance of the Term Loan payable on the Term Loan Maturity
Date, and the Term Loans shall be permanently reduced by the amount of each
installment on the date payment thereof is made hereunder. If not sooner repaid,
the Term Loans shall be payable in full on the Term Loan Maturity Date. Payments
or prepayments of the Term Loans may not be reborrowed.

        2.2.        Swing Line Loans.

        (A)        Amount of Swing Line Loans. Upon the satisfaction of the
applicable conditions precedent set forth in Sections 5.1 and 5.2, from and
including the Closing Date and prior to the Termination Date and in the sole
discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and
conditions set forth in this Agreement, to make swing line loans to the
Borrowers from time to time, in Dollars, in an aggregate amount not to exceed
the Swing Line Commitment (each, individually, a “Swing Line Loan” and
collectively, the “Swing Line Loans”); provided, however, that, except as
permitted by Section 2.4(B), at no time shall the Dollar Amount of the Revolving
Credit Obligations exceed the Aggregate Revolving Loan Commitment. Subject to
the terms of this Agreement, the Borrowers may borrow, repay and reborrow Swing
Line Loans at any time prior to the Termination Date.

        (B)        Borrowing/Election Notice. The Company (on behalf of itself
or the Subsidiary Borrower) shall deliver to the Administrative Agent and the
Swing Line Bank a Borrowing/Election Notice, signed by it, not later than 1:00
p.m. (New York time) on the Borrowing Date of each Swing Line Loan specifying
(i) the applicable Borrowing Date (which date shall be a Business Day) and (ii)
the aggregate amount of the requested Swing Line Loan, which shall be an amount
not less than $1,000,000 and increments of $1,000,000 in excess thereof (or such
other increment to which the Company and the Swing Line Bank may agree with
respect to any Swing Line Loan).

        (C)        Making of Swing Line Loans. Not later than 3:00 p.m. (New
York time) on the applicable Borrowing Date, the Swing Line Bank shall make
available its Swing Line Loan, in funds immediately available in New York, New
York to the Administrative Agent at its address specified pursuant to Article
XIV. The Administrative Agent will promptly make the funds so received from the
Swing Line Bank available to the applicable Borrower on the Borrowing Date at
the Administrative Agent’s aforesaid address.

        (D)        Repayment of Swing Line Loans. Each Swing Line Loan shall be
paid in full by the applicable Borrower on or before the tenth (10th) Business
Day after the Borrowing Date for such Swing Line Loan (in any case, the “Swing
Line Repayment Date”). The Borrowers may at any time pay, without penalty or
premium, all outstanding Swing Line Loans or, in a minimum amount of $1,000,000
and increments of $1,000,000 in excess thereof (or such other increment to which
the Company and the Swing Line Bank may agree with respect to any such payment),
any portion of the outstanding Swing Line Loans, upon notice to the
Administrative Agent and the Swing Line Bank. In addition, the Administrative
Agent (i) may at any time in its sole discretion with respect to any outstanding
Swing Line Loan or (ii) shall on the applicable Swing Line Repayment Date with
respect to any outstanding Swing Line Loan require each Revolving Loan Lender
(including the Swing Line Bank) to make a Revolving Loan for the purpose of
repaying such Swing Line Loan, which Revolving Loan shall be in an amount equal

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to such Revolving Loan Lender’s Pro Rata Share of such Swing Line Loan. No later
than 3:00 p.m. (New York time) on the date of any notice received pursuant to
this Section 2.2(D), each Revolving Loan Lender shall make available its
required Revolving Loan or Revolving Loans, in funds immediately available to
the Administrative Agent in New York, New York at its address specified pursuant
to Article XIV. Revolving Loans made pursuant to this Section 2.2(D) shall
initially be Floating Rate Loans and thereafter may be continued as Floating
Rate Loans or converted into Eurocurrency Rate Loans in the manner provided in
Section 2.9 and subject to the other conditions and limitations therein set
forth and set forth in this Article II and in the definition of Interest Period.
Each Lender’s obligation to make Revolving Loans pursuant to this Section 2.2(D)
to repay Swing Line Loans shall be unconditional, continuing, irrevocable and
absolute and shall not be affected by any circumstances, including, without
limitation, (a) any set-off, counterclaim, recoupment, defense or other right
which such Lender may have against the Administrative Agent, the Swing Line Bank
or any other Person, (b) the occurrence or continuance of a Default or Unmatured
Default, (c) any adverse change in the condition (financial or otherwise) of the
Company, or (d) any other circumstances, happening or event whatsoever. In the
event that any Revolving Loan Lender fails to make payment to the Administrative
Agent of any amount due under this Section 2.2(D), the Administrative Agent
shall be entitled to receive, retain and apply against such obligation the
principal and interest otherwise payable to such Revolving Loan Lender hereunder
until the Administrative Agent receives such payment from such Revolving Loan
Lender or such obligation is otherwise fully satisfied. In addition to the
foregoing, if for any reason any Revolving Loan Lender fails to make available
to the Administrative Agent any Revolving Loan required to be made pursuant to
this Section 2.2(D), such Revolving Loan Lender shall be deemed, at the option
of the Administrative Agent, to have unconditionally and irrevocably purchased
from the Swing Line Bank, without recourse or warranty, an undivided interest
and participation in the applicable Swing Line Loan in the amount of such
Revolving Loan, and such interest and participation may be recovered from such
Lender together with interest thereon at the Federal Funds Effective Rate for
each day during the period commencing on the date of demand and ending on the
date such amount is received. On the Termination Date, the Borrowers shall repay
in full the outstanding principal balance of the Swing Line Loans.

        2.3.        Rate Options for all Advances; Maximum Interest Periods. The
Swing Line Loans shall be Floating Rate Advances or shall bear interest at such
other rate as may be agreed to between the Company (on behalf of itself or the
Subsidiary Borrower) and the Swing Line Bank at the time of the making of any
such Swing Line Loan. The Revolving Loans and Term Loans may be Floating Rate
Advances or Eurocurrency Rate Advances, or a combination thereof, selected by
the Company (on behalf of itself or the Subsidiary Borrower) in accordance with
Sections 2.7 and 2.9. The Company may select, in accordance with Sections 2.7
and 2.9, Rate Options and Interest Periods applicable to portions of the
Revolving Loans and Term Loans; provided, that there shall be no more than eight
(8) Interest Periods in effect with respect to all of the Loans at any time;
provided, further, that all Floating Rate Advances, all Swing Line Loans and all
Term Loans hereunder shall be denominated in Dollars.

        2.4.        Optional Payments; Mandatory Prepayments.

        (A)        Optional Payments. The Borrowers may from time to time and at
any time, upon notice to the Administrative Agent, repay or prepay, without
penalty or premium, all or any part

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of outstanding Floating Rate Advances in an aggregate minimum amount of
$5,000,000 and in integral multiples of $1,000,000 in excess thereof.
Eurocurrency Rate Advances may be voluntarily repaid or prepaid prior to the
last day of the applicable Interest Period, subject to the indemnification
provisions contained in Section 4.4, in an aggregate minimum amount of
$5,000,000 (or the Equivalent Amount if denominated in an Agreed Currency other
than Dollars) and in integral multiples of $1,000,000 (or the Equivalent Amount
if denominated in an Agreed Currency other than Dollars) in excess thereof;
provided, that no Borrower may so prepay Eurocurrency Rate Advances unless it
shall have provided at least three (3) Business Days’ prior written notice to
the Administrative Agent of such prepayment if the Advance subject to such
prepayment is denominated in Dollars and four (4) Business Days’ prior written
notice to the Administrative Agent if the Advance subject to such prepayment is
denominated in an Agreed Currency other than Dollars. Optional payments or
prepayments of the Term Loans shall be applied to installments of the Term Loans
in inverse order of maturity.

        (B)        Mandatory Prepayments of Loans and Related Mandatory
Reduction of Commitments.

         (i)        If at any time and for any reason (other than fluctuations
in currency exchange rates) the Net Aggregate Revolving Credit Exposure is
greater than the Aggregate Revolving Loan Commitment, the Borrowers shall
immediately prepay Revolving Loans and Swing Line Loans (or, to the extent such
excess is greater than the aggregate outstanding principal balance of the
Revolving Loans and Swing Line Loans, pay immediately available funds to the
Administrative Agent, which funds shall be held in the L/C Collateral Account)
in an aggregate amount equal to such excess.

         (ii)        The Administrative Agent shall determine the Net Aggregate
Revolving Credit Exposure as of the end of each Interest Period related to any
Eurocurrency Rate Advance which is a Revolving Advance and at any other time as
the Administrative Agent shall determine in its discretion. If as of the date of
any such determination, solely as a result of fluctuations in currency exchange
rates:

             (a)       the Net Aggregate Revolving Credit Exposure exceeds one
hundred five percent (105%) of the Aggregate Revolving Loan Commitment, the
Borrowers shall immediately prepay Revolving Loans and Swing Line Loans (or, to
the extent such excess is greater than the aggregate outstanding principal
balance of the Revolving Loans and Swing Line Loans, pay immediately available
funds to the Administrative Agent, which funds shall be held in the L/C
Collateral Account) in an aggregate amount such that after giving effect thereto
the Net Aggregate Revolving Credit Exposure is less than or equal to the
Aggregate Revolving Loan Commitment; or

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             (b)        the portion of the Net Aggregate Revolving Credit
Exposure denominated in Agreed Currencies other than Dollars exceeds one hundred
five percent (105%) of the Foreign Currency Sublimit, the Borrowers shall
immediately prepay Revolving Loans (or, to the extent such excess is greater
than the aggregate outstanding principal balance of the Revolving Loans, pay
immediately available funds to the Administrative Agent, which funds shall be
held in the L/C Collateral Account) in an aggregate amount such that after
giving effect thereto the portion of the Net Aggregate Revolving Credit Exposure
denominated in Agreed Currencies other than Dollars is less than or equal to the
Foreign Currency Sublimit.

         (iii)        If as of the date of any determination of the Net
Aggregate Revolving Credit Exposure by the Administrative Agent pursuant to
clause (ii) above or Section 9.1(C) (x) no Default or Unmatured Default has
occurred and is continuing, (y) the Aggregate Revolving Loan Commitment exceeds
the Net Aggregate Revolving Credit Exposure and (z) the amount of funds on
deposit in the L/C Collateral Account is greater than zero, then the
Administrative Agent shall release and disburse to the Company from the L/C
Collateral Account funds in a Dollar Amount equal to the lesser of the excess
described in the foregoing clause (y) and the Dollar Amount of funds on deposit
in the L/C Collateral Account; provided, that, after giving effect to any such
release and disbursement, the portion of the Net Aggregate Revolving Credit
Exposure denominated in Agreed Currencies other than Dollars shall not exceed
the Foreign Currency Sublimit.

         (iv)        All of the mandatory prepayments of Revolving Loans made
pursuant to this Section 2.4(b) shall be applied first to Floating Rate Advances
and second to any Eurocurrency Rate Advances maturing on such date and then to
subsequently maturing Eurocurrency Rate Advances in order of maturity, subject
to Section 4.4 hereof.

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        2.5.        Voluntary Reduction of Commitments. The Company (on behalf
of itself and the Subsidiary Borrower) may permanently reduce the Aggregate
Revolving Loan Commitment in whole, or in part ratably among the Revolving Loan
Lenders, in an aggregate minimum amount of $5,000,000 with respect thereto and
integral multiples of $2,500,000 in excess of that amount with respect thereto
(unless the Aggregate Revolving Loan Commitment is reduced in whole), upon at
least three (3) Business Days’ prior written notice to the Administrative Agent,
which notice shall specify the amount of any such reduction; provided, however,
that the amount of the Aggregate Revolving Loan Commitment may not be reduced
below the Dollar Amount of the Revolving Credit Obligations. All accrued
commitment fees shall be payable on the effective date of any termination of the
obligations of the Revolving Loan Lenders to make Revolving Loans hereunder.

        2.6.        Method of Borrowing of Revolving Loans. On each Borrowing
Date for each Revolving Loan, each Revolving Loan Lender shall make available
its Revolving Loan (i) if such Loan is denominated in Dollars, not later than
1:00 p.m. (New York time) in Federal or other funds immediately available to the
Administrative Agent, in New York, New York at its address specified in or
pursuant to Article XIV and (ii) if such Loan is denominated in an Agreed
Currency other than Dollars, not later than 1:00 p.m. (local time in the city of
the Administrative Agent’s Eurocurrency Payment Office for such currency), in
such funds as may then be customary for the settlement of international
transactions in such currency in the city of and at the address of the
Administrative Agent’s Eurocurrency Payment Office for such currency. The
Administrative Agent will promptly make the funds so received from the Lenders
available to the applicable Borrower at the Administrative Agent’s aforesaid
applicable address.

        2.7.        Method of Selecting Types, Currency and Interest Periods for
New Advances. The Company (on behalf of itself or the Subsidiary Borrower) shall
select the Type of Advance and, in the case of each Eurocurrency Rate Advance,
the Interest Period and Agreed Currency applicable thereto, for each Revolving
Advance to be made pursuant to Section 2.1(A). The Company shall give the
Administrative Agent irrevocable notice in substantially the form of Exhibit B
hereto (a “Borrowing/Election Notice”) not later than 12:00 noon (New York time)
(a) on the proposed Borrowing Date of each Floating Rate Advance, (b) three (3)
Business Days before the Borrowing Date for each Eurocurrency Rate Advance to be
made in Dollars, and (c) four (4) Business Days before the Borrowing Date for
each Eurocurrency Rate Advance to be made in an Agreed Currency other than
Dollars, specifying: (w) the Borrowing Date (which shall be a Business Day) of
such Revolving Advance; (x) the aggregate amount of such Revolving Advance; (y)
the Type of Advance selected; and (z) in the case of each Eurocurrency Rate
Advance, the Interest Period and Agreed Currency applicable thereto.

        2.8.        Minimum Amount of Each Revolving Advance. Each Revolving
Advance (other than a Revolving Advance to repay Swing Line Loans or a
Reimbursement Obligation) shall be in a minimum amount of $5,000,000 (or the
Equivalent Amount if denominated in an Agreed Currency other than Dollars) and
in multiples of $1,000,000 (or the Equivalent Amount if denominated in an Agreed
Currency other than Dollars) if in excess thereof; provided, however, that any
Floating Rate Advance may be in the Dollar Amount of the unused Aggregate
Revolving Loan Commitment.

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        2.9.        Method of Selecting Types, Currency and Interest Periods for
Conversion and Continuation of Outstanding Advances.

        (A)        Right to Convert. The Company (on behalf of itself or the
Subsidiary Borrower) may elect from time to time, subject to the provisions of
Section 2.3 and this Section 2.9, to convert all or any part of an Advance of
any Type into any other Type or Types of Advance; provided, that any conversion
of any Eurocurrency Rate Advance shall be made on, and only on, the last day of
the Interest Period applicable thereto.

        (B)        Automatic Conversion and Continuation. Each Floating Rate
Advance shall continue as a Floating Rate Advance unless and until such Floating
Rate Advance is converted into a Eurocurrency Rate Advance. Each Eurocurrency
Rate Advance in Dollars shall continue as a Eurocurrency Rate Advance in Dollars
until the end of the then applicable Interest Period therefor, at which time
such Eurocurrency Rate Advance shall be automatically converted into a Floating
Rate Advance unless the Company shall have given the Administrative Agent notice
in accordance with Section 2.9(D) requesting that, at the end of such Interest
Period, such Eurocurrency Rate Advance continue as a Eurocurrency Rate Advance
in Dollars. Unless a Borrowing/Election Notice shall have timely been given in
accordance with the terms of this Section 2.9, each Eurocurrency Rate Advance in
an Agreed Currency other than Dollars shall automatically continue as a
Eurocurrency Rate Advance in such Agreed Currency with an Interest Period of one
(1) month.

        (C)        No Conversion Post-Default or Post-Unmatured Default.
Notwithstanding anything to the contrary contained in Section 2.9(A) or 2.9(B),
no Advance may be converted into or continued as a Eurocurrency Rate Advance
(except with the consent of the Required Lenders) when any Default or Unmatured
Default has occurred and is continuing.

        (D)        Borrowing/Election Notice. The Company (on behalf of itself
or the Subsidiary Borrower) shall give the Administrative Agent an irrevocable
Borrowing/Election Notice of each conversion of a Floating Rate Advance into a
Eurocurrency Rate Advance or continuation of a Eurocurrency Rate Advance not
later than 12:00 noon (New York time) (x) three (3) Business Days prior to the
date of the requested conversion or continuation, with respect to any Advance to
be converted or continued as a Eurocurrency Rate Advance in Dollars, and (y)
four (4) Business Days prior to the date of the requested conversion or
continuation with respect to any Advance to be converted or continued as a
Eurocurrency Rate Advance in an Agreed Currency other than Dollars, specifying:
(i) the requested date (which shall be a Business Day) of such conversion or
continuation; (ii) the amount and Type of the Advance to be converted or
continued; and (iii) the amount of Eurocurrency Rate Advance(s) into which such
Advance is to be converted or continued and the Agreed Currency and Interest
Period applicable thereto.

        (E)        Limitations on Conversion. Notwithstanding anything herein to
the contrary, at the election of the Company under this Section 2.9,
Eurocurrency Rate Advances in an Agreed Currency may be converted and/or
continued as Eurocurrency Rate Advances only in the same Agreed Currency.

        2.10.        Default Rate. After the occurrence and during the
continuance of a Default described in Section 8.1(B) or, at the option of the
Administrative Agent or at the direction of

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Required Lenders, after the occurrence and during the continuance of any other
Default, the interest rate(s) applicable to the Obligations shall be equal to
the then applicable rate plus two percent (2.0%) per annum, and the fee
described in Section 3.8(A) shall be equal to the then Applicable L/C Fee
Percentage plus two percent (2.0%) per annum.

        2.11.        Method of Payment.

        (A)        All payments of principal, interest, fees, commissions and
L/C Obligations hereunder shall be made, without setoff, deduction or
counterclaim (unless indicated otherwise in Section 2.14(E)), in immediately
available funds to the Administrative Agent (i) at the Administrative Agent’s
address specified pursuant to Article XIV with respect to Advances or other
Obligations denominated in Dollars and (ii) at the applicable Eurocurrency
Payment Office with respect to any Advance or other Obligations denominated in
an Agreed Currency other than Dollars, or at any other Lending Installation of
the Administrative Agent specified in writing by the Administrative Agent to the
Company, by 1:00 p.m. (New York time) on the date when due and shall be made
ratably among the Lenders (unless such amount is not to be shared ratably in
accordance with the terms hereof). Each Advance shall be repaid or prepaid in
the Agreed Currency in which it was made in the amount borrowed and interest
payable thereon shall also be paid in such currency. Each payment delivered to
the Administrative Agent for the account of any Lender shall be delivered
promptly by the Administrative Agent to such Lender in the same type of funds
which the Administrative Agent received at its address specified pursuant to
Article XIV, at the applicable Eurocurrency Payment Office or at any Lending
Installation specified in a notice received by the Administrative Agent from
such Lender. The Company authorizes the Administrative Agent to charge the
accounts of the Company and the Subsidiary Guarantors maintained with JPMCB or
any of its Affiliates for each payment of principal, interest, fees,
commissions, L/C Obligations or any other Obligations as it becomes due
hereunder. In addition, the Subsidiary Borrower authorizes the Administrative
Agent to charge any account of the Subsidiary Borrower maintained with JPMCB or
any of its Affiliates for each payment of principal, interest, fees,
commissions, L/C Obligations or any other Obligations as it becomes due
hereunder (it being understood and agreed that no account of the Subsidiary
Borrower shall be charged for any amount owing in respect of Obligations
incurred solely by or on behalf of the Company unless the Subsidiary Borrower
shall be jointly and severally liable for the Obligations of the Company at such
time pursuant to Section 1.4). Each reference to the Administrative Agent in
this Section 2.11 shall also be deemed to refer, and shall apply equally, to the
Issuing Bank, in the case of payments required to be made by the Company to the
Issuing Bank pursuant to Article III.

        (B)        Notwithstanding the foregoing provisions of this Section
2.11, if, after the making of any Advance in any Agreed Currency other than
Dollars, currency control or exchange regulations are imposed in the country
which issues such Agreed Currency, with the result that different types of such
Agreed Currency (the “New Currency”) are introduced and the type of currency in
which the Advance was made (the “Original Currency”) no longer exists or any
Borrower is not able to make payment to the Administrative Agent for the account
of the Lenders in such Original Currency, then all payments to be made by the
Borrowers hereunder in such currency shall be made to the Administrative Agent
in such amount and such type of the New Currency or Dollars as shall be the
Equivalent Amount of such payment otherwise due

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hereunder in the Original Currency, it being the intention of the parties hereto
that the Borrowers take all risks of the imposition of any such currency control
or exchange regulations.

        2.12.        Evidence of Debt.

        (A)        Loan Account. Each Lender shall maintain in accordance with
its usual practice an account or accounts evidencing the indebtedness of the
Borrowers to such Lender owing to such Lender from time to time, including the
amounts of principal and interest payable and paid to such Lender from time to
time hereunder.

        (B)        Notes Upon Request. Any Lender may request that the Loans
made by it each be evidenced by a promissory note in substantially the form of
Exhibit G-I and/or Exhibit G-2, as applicable, to evidence such Lender’s Loans.
In such event, each Borrower shall prepare, execute and deliver to such Lender
such a promissory note for such Loans payable to the order of such Lender.
Thereafter, the Loans evidenced by such promissory note and interest thereon
shall at all times (prior to any assignment pursuant to Section 13.3) be
represented by one or more promissory notes in such form, payable to the order
of the payee named therein, except to the extent that any such Lender
subsequently returns any such note for cancellation and requests that such Loans
once again be evidenced as described in clause (A) above.

        2.13.        Telephonic Notices. Each Borrower authorizes the Lenders
and the Administrative Agent to extend Advances, effect selections of Types of
Advances and to transfer funds based on telephonic notices made by any person or
persons the Administrative Agent or any Lender in good faith believes to be
acting on behalf of the Company. The Company (on behalf of itself or the
Subsidiary Borrower) agrees to deliver promptly to the Administrative Agent a
written confirmation, signed by an Authorized Officer, of each telephonic
notice. If the written confirmation differs in any material respect from the
action taken by the Administrative Agent and the Lenders, the records of the
Administrative Agent and the Lenders shall govern absent manifest error. In case
of disagreement concerning such notices, if the Administrative Agent has
recorded telephonic borrowing notices, such recordings will be made available to
the Company upon the Company’s request therefor.

        2.14.        Promise to Pay; Interest Payment Dates; Fees; Interest and
Fee Basis; Taxes.

        (A)        Promise to Pay. Without limiting the provisions of Section
1.4 hereof, each Borrower unconditionally promises to pay when due the principal
amount of each Loan incurred by it and all other Obligations incurred by it, and
to pay all unpaid interest accrued thereon, in accordance with the terms of this
Agreement and the other Loan Documents.

        (B)        Interest Payment Dates. Interest accrued on each Floating
Rate Loan shall be payable on each Payment Date, commencing with the first such
date to occur after the date hereof, upon any prepayment whether by acceleration
or otherwise, and at maturity (whether by acceleration or otherwise). Interest
accrued on each Eurocurrency Rate Loan shall be payable on the last day of its
applicable Interest Period, on any date on which such Eurocurrency Rate Loan is
prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued
on each Eurocurrency Rate Loan having an Interest Period longer than three
months shall also be payable on the last day of each three-month interval during
such Interest Period. Interest accrued on the

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principal balance of all other Obligations shall be payable in arrears (i) on
each Payment Date, commencing on the first such Payment Date following the
incurrence of such Obligations, (ii) upon repayment thereof in full or in part
and (iii) if not theretofore paid in full, at the time such Obligations become
due and payable (whether by acceleration or otherwise).

        (C)       Fees.

         (i)        Commitment Fee. The Company shall pay to the Administrative
Agent, for the account of the Revolving Loan Lenders in accordance with their
Pro Rata Shares, from and after the date of this Agreement until the date on
which the Aggregate Revolving Loan Commitment shall be terminated in whole, a
commitment fee accruing at a rate per annum equal to the then Applicable
Commitment Fee Percentage on the amount by which (A) the Aggregate Revolving
Loan Commitment in effect from time to time exceeds (B) the Revolving Credit
Obligations (excluding Swing Line Loans) in effect from time to time. All such
commitment fees payable under this clause (C)(i) shall be payable quarterly in
arrears on each Payment Date occurring after the date of this Agreement (with
the first such payment being calculated for the period from the Closing Date and
ending on June 30, 2006), and, in addition, on the date on which the Aggregate
Revolving Loan Commitment shall be terminated in whole.

         (ii)        Intentionally Omitted.

         (iii)        Fee Letters. The Company agrees to pay to the
Administrative Agent and/or the Arrangers, as the case may be, the fees set
forth in the (x) letter agreements among the Administrative Agent, the Arrangers
and the Company dated May 23, 2006, and (y) the letter agreement between the
Administrative Agent and the Company dated May 23, 2006, in each case, payable
at the times and in the amounts set forth therein.

        (D)        Interest and Fee Basis; Applicable Eurocurrency Margin,
Applicable Floating Rate Margin, Applicable L/C Fee Percentage and Applicable
Commitment Fee Percentage.

         (i)        All Obligations other than Eurocurrency Rate Advances shall
bear interest from and including the date of the making of such Advance or Swing
Line Loan, in the case of Advances and Swing Line Loans, and the date such
Obligation is due and owing in the case of such other Obligations, to (but not
including) the date of repayment thereof at the Floating Rate changing when and
as such Floating Rate changes. Changes in the rate of interest on that portion
of any Advance maintained as a Floating Rate Advance will take effect
simultaneously with each change in the Alternate Base Rate. Each Eurocurrency
Rate Advance shall bear interest from and including the first day of the
Interest Period applicable thereto to (but not including) the last day of such
Interest Period at the Eurocurrency Rate determined as applicable to such
Eurocurrency Rate Advance in accordance with the terms hereof.

         (ii)        Interest on all Eurocurrency Rate Advances and on all fees
shall be calculated for actual days elapsed on the basis of a 360-day year.
Interest on all Floating Rate Advances shall be calculated for actual days
elapsed on the basis of a 365- or, when appropriate, 366-day year. Interest
shall be payable for the day an Obligation is incurred

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but not for the day of any payment on the amount paid if payment is received
prior to 2:00 p.m. (local time) at the place of payment. If any payment of
principal of or interest on a Loan or any payment of any other Obligations shall
become due on a day which is not a Business Day, such payment shall be made on
the next succeeding Business Day and, in the case of a principal payment, such
extension of time shall be included in computing interest, fees and commissions
in connection with such payment.

         (iii)        The Applicable Eurocurrency Margin, Applicable Floating
Rate Margin, Applicable L/C Fee Percentage and Applicable Commitment Fee
Percentage shall be determined on the basis of the then applicable Applicable
Moody’s Rating and Applicable S&P Rating, as defined and described in the
Pricing Schedule hereto.

        (E)       Taxes.

         (i)        Any and all payments by the Borrowers hereunder (whether in
respect of principal, interest, fees or otherwise) shall be made free and clear
of and without deduction for any and all present or future taxes, levies,
imposts, deductions, charges or withholdings or any interest, penalties or
liabilities with respect thereto imposed by any Governmental Authority including
those arising after the date hereof as a result of the adoption of or any change
in any law, treaty, rule, regulation, guideline or determination of a
Governmental Authority or any change in the interpretation or application
thereof by a Governmental Authority but excluding, in the case of each Lender
and the Administrative Agent, such taxes (including income taxes, franchise
taxes and branch profit taxes) as are imposed on or measured by such Lender’s or
the Administrative Agent’s, as the case may be, net income or similar taxes
imposed by the United States of America or any Governmental Authority of the
jurisdiction under the laws of which such Lender or the Administrative Agent, as
the case may be, is incorporated or organized, maintains its principal office or
maintains a Lending Installation (all such non-excluded taxes, levies, imposts,
deductions, charges, withholdings, and liabilities which the Administrative
Agent or a Lender determines to be applicable to this Agreement, the other Loan
Documents, the Revolving Loan Commitments, the Loans or the Letters of Credit
being hereinafter referred to as “Taxes”). If any Borrower shall be required by
law to deduct or withhold any Taxes from or in respect of any sum payable
hereunder or under the other Loan Documents to any Lender, any Lending
Installation or the Administrative Agent, (a) the sum payable shall be increased
as may be necessary so that after making all required deductions or withholdings
(including deductions or withholdings applicable to additional sums payable
under this Section 2.14(E)) such Lender, such Lending Installation or the
Administrative Agent (as the case may be) receives an amount equal to the sum it
would have received had no such deductions or withholdings been made, (b) the
applicable Borrower shall make such deductions or withholdings, and (c) the
applicable Borrower shall pay the full amount deducted or withheld to the
relevant taxation authority or other authority in accordance with applicable
law. If any Tax, including, without limitation, any withholding tax, of the
United States of America or any other Governmental Authority shall be or become
applicable (x) after the date of this Agreement, to such payments by the
Borrowers made to the Lending Installation or any other office that a Lender may
claim as its Lending Installation, or (y) after such Lender’s selection and
designation of any other Lending

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Installation, to such payments made to such other Lending Installation, such
Lender shall use reasonable efforts to make, fund and maintain its Loans through
another Lending Installation of such Lender in another jurisdiction so as to
reduce the Borrowers’ liability hereunder, if the making, funding or maintenance
of such Loans through such other Lending Installation of such Lender does not,
in the reasonable judgment of such Lender, otherwise adversely and materially
affect such Loans or the obligations under the Revolving Loan Commitments of
such Lender.

         (ii)        In addition, each Borrower agrees to pay any present or
future stamp or documentary taxes or any other excise or property taxes,
charges, or similar levies which arise from any payment made hereunder, from the
issuance of Letters of Credit hereunder, or from the execution, delivery or
registration of, or otherwise with respect to, this Agreement, the other Loan
Documents, the Revolving Loan Commitments, the Loans or the Letters of Credit
(hereinafter referred to as “Other Taxes”).

         (iii)        Each Borrower hereby agrees to indemnify each Lender and
the Administrative Agent for the full amount of Taxes and Other Taxes
(including, without limitation, any Taxes or Other Taxes imposed by any
Governmental Authority on amounts payable under this Section 2.14(E)) paid by
such Lender or the Administrative Agent (as the case may be) and any liability
(including penalties, interest, and expenses) arising therefrom or with respect
thereto, whether or not such Taxes or Other Taxes were correctly or legally
asserted. This indemnification shall be made within thirty (30) days after the
date such Lender or the Administrative Agent (as the case may be) makes written
demand therefor. A certificate as to any additional amount payable to any Lender
or the Administrative Agent under this Section 2.14(E) submitted to the Company
and the Administrative Agent (if a Lender is so submitting) by such Lender or
the Administrative Agent shall show in reasonable detail the amount payable and
the calculations used to determine such amount and shall, absent manifest error,
be final, conclusive and binding upon all parties hereto.

         (iv)        With respect to any deduction or withholding for or on
account of any Taxes or Other Taxes pursuant to this Section 2.14(E), and to
confirm that all Taxes or Other Taxes required to be paid pursuant to this
Section 2.14(E) have been paid to the appropriate Governmental Authorities, the
Company (on behalf of itself or the Subsidiary Borrower) shall promptly (and in
any event not later than thirty (30) days after receipt) furnish to each Lender
and the Administrative Agent the original or a certified copy of a receipt
evidencing payment thereof and such further certificates, receipts and other
documents as may be required (in the judgment of such Lender or the
Administrative Agent) to establish any tax credit to which such Lender or the
Administrative Agent may be entitled.

         (v)        Without prejudice to the survival of any other agreement of
the Borrowers hereunder, the agreements and obligations of the Borrowers
contained in this Section 2.14(E) shall survive the payment in full of all
Obligations hereunder, the termination of the Letters of Credit and the
termination of this Agreement.

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         (vi)        Each Lender (including any Replacement Lender or Purchaser)
that is not created or organized under the laws of the United States of America
or a political subdivision thereof (each a “Non-U.S. Lender”) shall deliver to
the Company and the Administrative Agent on or before the Closing Date, or, if
later, the date on which such Lender becomes a Lender pursuant to Section 13.3
hereof (and from time to time thereafter upon the request of the Company or the
Administrative Agent, but only for so long as such Non-U.S. Lender is legally
entitled to do so), either (A) two (2) duly completed copies of either IRS Form
W-8BEN, or IRS Form W-8ECI, or in either case, an applicable successor form; or
(B) in the case of a Non-U.S. Lender that is not legally entitled to deliver the
forms listed in clause (vi)(A), (x) a certificate of a duly authorized officer
of such Non-U.S. Lender to the effect that such Non-U.S. Lender is not a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent
shareholder” of the Company within the meaning of Section 881(c)(3)(B) of the
Code or a controlled foreign corporation receiving interest from a related
person within the meaning of Section 881(c)(3)(C) of the Code (such certificate,
an “Exemption Certificate”) and (y) two (2) duly completed copies of IRS Form
W-8BEN or applicable successor form, in each case, certifying that such Lender
is exempt from United States withholding tax and is entitled to receive payments
under this Agreement without deduction for withholding of any United States
federal taxes. Each Lender (other than a Non-U.S. Lender) shall, on or before
the date on which it becomes a party to this Agreement, deliver to each of the
Company and the Administrative Agent two duly completed copies of United States
IRS Form W-9 (or any successor form) establishing that such Lender is a U.S.
person (within the meaning of Section 7701(A)(30) of the Code) and is not
subject to backup withholding. Each Lender further agrees to deliver to the
Company and the Administrative Agent from time to time a true and accurate
certificate executed in duplicate by a duly authorized officer of such Lender in
a form satisfactory to the Company and the Administrative Agent, before or
promptly upon the occurrence of any event requiring a change in the most recent
certificate previously delivered by it to the Company and the Administrative
Agent pursuant to this Section 2.14(E)(vi). Further, each Lender which delivers
a form or certificate pursuant to this Section 2.14(E)(vi) covenants and agrees
to deliver to the Company and the Administrative Agent within fifteen (15) days
prior to the expiration of such form, for so long as this Agreement is still in
effect, another such certificate and/or two (2) accurate and complete original
newly-signed copies of the applicable form (or any successor form or forms
required under the Code or the applicable regulations promulgated thereunder).

          Each Lender shall promptly furnish to the Company and the
Administrative Agent such additional documents as may be reasonably required by
the Company or the Administrative Agent to establish any exemption from or
reduction of any Taxes or Other Taxes required to be deducted or withheld and
which may be obtained without undue expense to such Lender. Notwithstanding any
other provision of this Section 2.14(E), the Borrowers shall not be obligated to
gross up any payments to any Lender pursuant to Section 2.14(E)(i), or to
indemnify any Lender pursuant to Section 2.14(E)(iii), in respect of withholding
taxes to the extent imposed as a result of (x) the failure of such Lender to
deliver to the Company the form or forms and/or an Exemption Certificate, as
applicable to such Lender, pursuant to Section 2.14(E)(vi), (y) such form or
forms and/or Exemption Certificate or the information or certifications made
therein by the Lender being untrue or

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  inaccurate on the date delivered in any material respect or (z) the Lender
designating a successor Lending Installation at which it maintains its Loans
which has the effect of causing such Lender to become obligated for tax payments
in excess of those in effect immediately prior to such designation; provided,
however, that the Borrowers shall be obligated to gross up any payments to any
such Lender pursuant to Section 2.14(E)(i), and to indemnify any such Lender
pursuant to Section 2.14(E)(iii), in respect of withholding taxes if (i) any
such failure to deliver a form or forms or an Exemption Certificate or the
failure of such form or forms or exemption certificate to establish a complete
exemption from withholding tax or inaccuracy or untruth contained therein
resulted from a change in any applicable statute, treaty, regulation or other
applicable law or any interpretation of any of the foregoing occurring after the
date such Lender became a party hereto, which change rendered such Lender no
longer legally entitled to deliver such form or forms or Exemption Certificate
or otherwise ineligible for a complete exemption from withholding tax, or
rendered the information or the certifications made in such form or forms or
Exemption Certificate untrue or inaccurate in any material respect, (ii) the
redesignation of the Lender’s Lending Installation was made at the request of
any Borrower or (iii) the obligation to gross up payments to any such Lender
pursuant to Section 2.14(E)(i), or to indemnify any such Lender pursuant to
Section 2.14(E)(iii), is with respect to a Purchaser that becomes a Purchaser as
a result of an assignment made at the request of any Borrower.

    (vii)        Upon the request, and at the expense of, the Borrowers, each
Lender to which any Borrower is required to pay any additional amount pursuant
to this Section 2.14(E) shall reasonably afford the Company (on behalf of itself
or the Subsidiary Borrower) the opportunity to contest, and shall reasonably
cooperate with the Company in contesting, the imposition of any Tax giving rise
to such payment; provided, that (a) such Lender shall not be required to afford
the Company the opportunity to so contest unless the Company shall have
confirmed in writing to such Lender its obligation (or the obligation of the
Subsidiary Borrower) to pay such amounts pursuant to this Agreement; and (b) the
Borrowers shall reimburse such Lender for its attorneys’ and accountants’ fees
and disbursements incurred in so cooperating with the Company in contesting the
imposition of such Tax; provided, however, that notwithstanding the foregoing,
no Lender shall be required to afford the Company the opportunity to contest, or
cooperate with the Company in contesting, the imposition of any Taxes, if such
Lender in good faith determines that to do so would have an adverse effect on
it.

        2.15.        Notification of Advances, Interest Rates, Prepayments and
Aggregate Revolving Loan Commitment Reductions. Promptly after receipt thereof,
the Administrative Agent will notify each Revolving Loan Lender of the contents
of each Aggregate Revolving Loan Commitment reduction notice, Borrowing/Election
Notice (other than in respect of a Swing Line Loan) and repayment notice
received by it hereunder. The Administrative Agent will notify each Lender of
the interest rate applicable to each Floating Rate Loan and Eurocurrency Rate
Loan and the Agreed Currency applicable to each Eurocurrency Rate Loan promptly
upon determination of such interest rate and Agreed Currency and will give each
Lender prompt notice of each change in the Alternate Base Rate.

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        2.16.        Lending Installations. Each Lender may book its Loans or
Letters of Credit at any Lending Installation selected by such Lender and may
change its Lending Installation from time to time. All terms of this Agreement
shall apply to any such Lending Installation. Each Lender may, by written or
facsimile notice to the Administrative Agent and the Company, designate a
Lending Installation through which Loans will be made by it and for whose
account Loan payments and/or payments of L/C Obligations are to be made.

        2.17.        Non-Receipt of Funds by the Administrative Agent. Unless a
Borrower or a Lender, as the case may be, notifies the Administrative Agent
prior to the date on which it is scheduled to make payment to the Administrative
Agent of (a) in the case of a Lender, the proceeds of a Loan or (b) in the case
of a Borrower, a payment of principal, interest or fees to the Administrative
Agent for the account of the Lenders, that it does not intend to make such
payment, the Administrative Agent may assume that such payment has been made.
The Administrative Agent may, but shall not be obligated to, make the amount of
such payment available to the intended recipient in reliance upon such
assumption. If such Lender or Borrower, as the case may be, has not in fact made
such payment to the Administrative Agent, the recipient of such payment shall,
on demand by the Administrative Agent, repay to the Administrative Agent the
amount so made available together with interest thereon in respect of each day
during the period commencing on the date such amount was so made available by
the Administrative Agent until the date the Administrative Agent recovers such
amount at a rate per annum equal to (i) in the case of payment by a Lender, the
Federal Funds Effective Rate for such day or (ii) in the case of payment by a
Borrower, the interest rate applicable to the relevant Loan.

        2.18.        Termination Date. This Agreement shall be effective until
the Termination Date. Notwithstanding the termination of this Agreement, until
(A) all of the Obligations (other than contingent indemnity obligations) shall
have been fully paid and satisfied in cash, (B) all of the Revolving Loan
Commitments shall have been terminated in accordance with the terms of this
Agreement and (C) all of the Letters of Credit shall have expired, been
canceled, terminated or cash collateralized or otherwise supported in an amount
and in a manner satisfactory to the Administrative Agent and the Issuing Bank,
all of the rights and remedies under this Agreement and the other Loan Documents
shall survive.

        2.19.        Replacement of Certain Lenders. In the event a Lender (an
“Affected Lender”) shall have: (a) failed to fund its Term Loan or its Pro Rata
Share of any Revolving Advance requested by a Borrower, or to fund a Revolving
Loan in order to repay Swing Line Loans pursuant to Section 2.2(D), which such
Lender is obligated to fund under the terms of this Agreement and which failure
has not been cured, (b) requested compensation from the Borrowers under Sections
2.14(E), 4.1 or 4.2 to recover Taxes, Other Taxes or other additional costs
incurred by such Lender which are not being incurred generally by the other
Lenders, (c) delivered a notice pursuant to Section 4.3 claiming that such
Lender is unable to extend Eurocurrency Rate Loans to the Borrowers for reasons
not generally applicable to the other Lenders, (d) has invoked Section 10.2, or
(e) failed or refused to consent by the relevant time to any amendment, waiver,
supplement, restatement, discharge or termination of any provision of this
Agreement when requested by the Company and the Administrative Agent and with
respect to which (A) the consent of each affected Lender is required under
Section 9.3 and (B) each other affected Lender has so consented then, in any
such case, the Company or the Administrative Agent may make written demand on
such Affected Lender (with a copy to the

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Administrative Agent in the case of a demand by the Company and a copy to the
Company in the case of a demand by the Administrative Agent) for the Affected
Lender to assign, and such Affected Lender shall use commercially reasonable
efforts to assign, pursuant to one or more duly executed Assignment Agreements
five (5) Business Days after the date of such demand, at the cost and expense of
the Company, to one or more financial institutions that comply with the
provisions of Section 13.3(A) which the Company or the Administrative Agent, as
the case may be, shall have engaged for such purpose (a “Replacement Lender”),
all of such Affected Lender’s rights and obligations under this Agreement and
the other Loan Documents (including, without limitation, all Loans owing to it
and, in the case of any Revolving Loan Lender, its Revolving Loan Commitment,
all of its participation interests in existing Letters of Credit, and its
obligation to participate in additional Letters of Credit and Swing Line Loans
hereunder) in accordance with Section 13.3. The Administrative Agent agrees,
upon the occurrence of such events with respect to an Affected Lender and upon
the written request of the Company, to use its reasonable efforts to obtain the
commitments from one or more financial institutions to act as a Replacement
Lender. The Administrative Agent is authorized to execute one or more Assignment
Agreements as attorney-in-fact for any Affected Lender failing to execute and
deliver the same within five (5) Business Days after the date of such demand.
Further, with respect to such assignment, the Affected Lender shall have
concurrently received, in cash, all amounts due and owing to the Affected Lender
hereunder or under any other Loan Document, including, without limitation, the
aggregate outstanding principal amount of the Loans owed to such Lender,
together with accrued interest thereon through the date of such assignment,
amounts payable under Sections 2.14(E), 4.1, and 4.2 with respect to such
Affected Lender and compensation payable under Section 2.14(C) in the event of
any replacement of any Affected Lender under clause (b) (c), (d) or (e)of this
Section 2.19; provided that upon such Affected Lender’s replacement, such
Affected Lender shall cease to be a party hereto but shall continue to be
entitled to the benefits of Sections 2.14(E), 2.20, 2.21(B), 3.10, 4.1, 4.2, 4.4
and 10.7 (and each other provision of this Agreement or the other Loan Documents
whereby the Company or any of its Subsidiaries agrees to reimburse or indemnify
the Lenders), as well as to any fees accrued for its account hereunder and not
yet paid, and shall continue to be obligated under Section 11.8 for such
amounts, obligations and liabilities as are due and payable up to and including
(but not after) the date such Affected Lender is replaced pursuant hereto.

        2.20.        Judgment Currency. If, for the purposes of obtaining
judgment in any court, it is necessary to convert a sum due from a Borrower or a
Lender, the Swing Line Bank or the Issuing Bank hereunder in the currency
expressed to be payable herein (the “specified 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 the specified
currency with such other currency at the Administrative Agent’s main office in
New York, New York on the Business Day preceding that on which the final,
non-appealable judgment is given. The obligations in respect of any sum due
hereunder shall, notwithstanding any judgment in a currency other than the
specified currency, be discharged only to the extent that on the Business Day
following receipt of any sum adjudged to be so due in such other currency by the
party to whom such sum is owed, such party may in accordance with normal,
reasonable banking procedures purchase the specified currency with such other
currency. If the amount of the specified currency so purchased is less than the
sum originally due in the specified currency, each party hereto obligated to pay
any such sum shall, to the fullest extent that it may effectively do so, as a

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separate obligation and notwithstanding any such judgment, indemnify the party
to whom such sum is owed against such loss, and if the amount of the specified
currency so purchased exceeds the sum originally due in the specified currency
(and in the case of any Lender, any amounts shared with other Lenders as a
result of allocations of such excess as a disproportionate payment to such
Lender under Section 12.2), the party to whom such sum was owed shall remit such
excess to the paying party.

        2.21.        Market Disruption; Denomination of Amounts in Dollars;
Dollar Equivalent of Reimbursement Obligations.

        (A)        Market Disruption. Notwithstanding the satisfaction of all
conditions referred to in this Article II with respect to any Advance in any
Agreed Currency other than Dollars, if there shall occur on or prior to the date
of such Advance any change in national or international financial, political or
economic conditions or currency exchange rates or exchange controls which would
in the reasonable opinion of the Company, the Administrative Agent or the
Required Lenders make it impracticable for the Eurocurrency Rate Loans
comprising such Advance to be denominated in such Agreed Currency, then the
Administrative Agent shall forthwith give notice thereof to the Company and the
Lenders, and such Eurocurrency Rate Loans shall not be denominated in such
currency but shall be made on such Borrowing Date in Dollars, in an aggregate
principal amount equal to the Dollar Amount of the aggregate principal amount
specified in the related Borrowing/Election Notice, as Floating Rate Loans,
unless the Company notifies the Administrative Agent at least one (1) Business
Day before such date that it elects not to borrow on such date.

        (B)        Calculation of Amounts. Except as set forth below, all
amounts referenced in this Article II shall be calculated using the Dollar
Amount determined based upon the Equivalent Amount in effect as of the date of
any determination thereof; provided, however, that to the extent the Borrowers
shall be obligated hereunder to pay in Dollars any Advance denominated in a
currency other than Dollars, such amount shall be paid in Dollars using the
Dollar Amount of the Advance (calculated based upon the Equivalent Amount in
effect on the date of payment thereof). Notwithstanding anything herein to the
contrary, in connection with Obligations payable by the Borrowers, the full risk
of currency fluctuations shall be borne by the Borrowers and each Borrower
agrees to indemnify and hold harmless the Issuing Bank, the Administrative Agent
and the Lenders from and against any loss resulting from any borrowing
denominated in any Agreed Currency other than Dollars that is not repaid to the
Lenders on the date of such borrowing.

ARTICLE III: THE LETTER OF CREDIT FACILITY

        3.1.        Obligation to Issue Letters of Credit. Subject to the terms
and conditions of this Agreement and in reliance upon the representations,
warranties and covenants of the Borrowers herein set forth, the Issuing Bank
hereby agrees to issue for the account of the Borrowers through the Issuing
Bank’s branches as it and the Borrowers may jointly agree, one or more Letters
of Credit denominated in any Agreed Currency in accordance with this Article III
from time to time during the period commencing on the Closing Date and ending on
the date five (5) Business Days immediately preceding the Revolving Loan
Termination Date (but subject to Section 3.3 below).

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        3.2.        Transitional Letters of Credit. Schedule 3.2 contains a
schedule of certain letters of credit issued for the account of the Company
prior to the Closing Date. Subject to the satisfaction of the applicable
conditions contained in Sections 5.1 and 5.2, from and after the Closing Date
such letters of credit shall be deemed to be Letters of Credit issued pursuant
to this Article III for all purposes hereunder (each such Letter of Credit, a
“Transitional Letter of Credit”). For purposes of clarification, each term or
provision applicable to the issuance of a Letter of Credit (including conditions
applicable thereto) shall be deemed to include the deemed issuance of the
Transitional Letters of Credit on the Closing Date.

        3.3.        Types and Amounts. The Issuing Bank shall not have any
obligation to, and the Issuing Bank shall not:

        (A)        issue any Letter of Credit if on the date of issuance (or
amendment), before or after giving effect to the Letter of Credit requested
hereunder, (i) the Dollar Amount of the Revolving Credit Obligations at such
time would exceed the Aggregate Revolving Loan Commitment at such time, (ii) the
Dollar Amount of the Revolving Credit Obligations denominated in Agreed
Currencies other than Dollars at such time would exceed the Foreign Currency
Sublimit or (iii) the aggregate L/C Obligations would exceed $150,000,000; or

        (B)        issue any Letter of Credit which has an expiration date later
than the date which is the earlier of (x) one (1) year after the date of
issuance thereof or (y) five (5) Business Days immediately preceding the
Revolving Loan Termination Date; provided, that any Letter of Credit with a
one-year term may provide for the renewal thereof for additional one-year
periods (which in no event shall extend beyond the date referred to in clause
(y) above).

        3.4.        Conditions.

        (A)        In addition to being subject to the satisfaction of the
applicable conditions contained in Sections 5.1 and 5.2, the obligation of the
Issuing Bank to issue any Letter of Credit is subject to the satisfaction in
full of the following conditions:

         (i)        the Company (on behalf of itself or the Subsidiary Borrower)
shall have delivered to the Issuing Bank (with a copy to the Administrative
Agent) at such times and in such manner as the Issuing Bank may reasonably
prescribe, a request for issuance of such Letter of Credit in substantially the
form of Exhibit C hereto (a “Request For Letter of Credit”), and the Company
and, if applicable, the Subsidiary Borrower shall have delivered duly executed
applications for such Letter of Credit and such other documents, instructions
and agreements as may be required pursuant to the terms thereof (all such
applications, documents, instructions, and agreements being referred to herein
as the “L/C Documents”), and the proposed Letter of Credit shall be reasonably
satisfactory to the Issuing Bank as to form and content; and

         (ii)        as of the date of issuance no order, judgment or decree of
any court, arbitrator or Governmental Authority shall purport by its terms to
enjoin or restrain the Issuing Bank from issuing such Letter of Credit and no
law, rule or regulation applicable to the Issuing Bank and no request or
directive (whether or not having the force of law) from a Governmental Authority
with jurisdiction over the Issuing Bank shall prohibit or

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request that the Issuing Bank refrain from the issuance of Letters of Credit
generally or the issuance of that Letter of Credit.

        (B)        In the event of any conflict between the terms of this
Agreement and the terms of any application for a Letter of Credit, the terms of
this Agreement shall control.

        3.5.        Procedure for Issuance of Letters of Credit.

        (A)        Subject to the terms and conditions of this Article III and
provided that the applicable conditions set forth in Sections 5.1 and 5.2 hereof
have been satisfied, the Issuing Bank shall, on the requested date, issue a
Letter of Credit on behalf of the applicable Borrower in accordance with the
Issuing Bank’s usual and customary business practices and, in this connection,
the Issuing Bank may assume that the applicable conditions set forth in Sections
5.1 and 5.2 hereof have been satisfied unless it shall have received notice to
the contrary from the Administrative Agent or a Revolving Loan Lender or has
knowledge that the applicable conditions have not been met.

        (B)        The Issuing Bank shall give the Administrative Agent written
or facsimile notice, or telephonic notice confirmed promptly thereafter in
writing, of the issuance of a Letter of Credit; provided, however, that the
failure to provide such notice shall not result in any liability on the part of
the Issuing Bank.

        (C)        The Issuing Bank shall not extend or amend any Letter of
Credit unless the requirements of Sections 3.3, 3.4 and 3.5 are met as though a
new Letter of Credit was being requested and issued.

        3.6.        Letter of Credit Participation. On the date of this
Agreement with respect to the Transitional Letters of Credit and immediately
upon the issuance of each other Letter of Credit hereunder, each Revolving Loan
Lender shall be deemed to have automatically, irrevocably and unconditionally
purchased and received from the Issuing Bank an undivided interest and
participation in and to such Letter of Credit, the obligations of the applicable
Borrower in respect thereof and the liability of the Issuing Bank thereunder
(collectively, an “L/C Interest”) in an amount equal to the amount available for
drawing under such Letter of Credit multiplied by such Revolving Loan Lender’s
Pro Rata Share. The Issuing Bank will notify each Lender promptly upon
presentation to it of an L/C Draft or upon any other draw under a Letter of
Credit. On or before the Business Day on which the Issuing Bank makes payment of
each such L/C Draft or, in the case of any other draw on a Letter of Credit, on
demand by the Administrative Agent or the Issuing Bank, each Revolving Loan
Lender shall make payment to the Administrative Agent, for the account of the
Issuing Bank, in immediately available funds in the applicable Agreed Currency
in an amount equal to such Revolving Loan Lender’s Pro Rata Share of the amount
of such payment or draw. The obligation of each Revolving Loan Lender to
reimburse the Issuing Bank under this Section 3.6 shall be unconditional,
continuing, irrevocable and absolute. In the event that any Revolving Loan
Lender fails to make payment to the Administrative Agent of any amount due under
this Section 3.6, the Administrative Agent shall be entitled to receive, retain
and apply against such obligation the principal and interest otherwise payable
to such Lender hereunder until the Administrative Agent receives such payment
from such Lender or such obligation is otherwise fully satisfied; provided,
however, that nothing contained in this sentence

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shall relieve such Lender of its obligation to reimburse the Issuing Bank for
such amount in accordance with this Section 3.6.

        3.7.        Reimbursement Obligation. Each Borrower agrees
unconditionally, irrevocably and absolutely to pay immediately to the Issuing
Bank or, if applicable, the Administrative Agent, for the account of the
Revolving Loan Lenders, the amount of each advance drawn under or pursuant to a
Letter of Credit issued on behalf of such Borrower or an L/C Draft related
thereto (such obligation of such Borrower to reimburse the Issuing Bank or the
Administrative Agent for an advance made under a Letter of Credit or L/C Draft
being hereinafter referred to as a “Reimbursement Obligation” with respect to
such Letter of Credit or L/C Draft), each such reimbursement to be made by such
Borrower no later than the Business Day on which the Issuing Bank makes payment
of each such L/C Draft or, if such Borrower shall have received notice of a
Reimbursement Obligation later than 10:00 a.m. (New York time) on any Business
Day or on a day which is not a Business Day, no later than 10:00 a.m. (New York
time) on the immediately following Business Day or, in the case of any other
draw on a Letter of Credit, the date specified in the demand of the Issuing
Bank. If any Borrower at any time fails to repay a Reimbursement Obligation
pursuant to this Section 3.7, such Borrower shall be deemed to have elected to
borrow Revolving Loans from the Revolving Loan Lenders, as of the date of the
advance giving rise to the Reimbursement Obligation, in an aggregate amount
equal to (and in the same Agreed Currency as) the unpaid Reimbursement
Obligation. Such Revolving Loans shall be made as of the date of the payment
giving rise to such Reimbursement Obligation, automatically, without notice and
without any requirement to satisfy the conditions precedent otherwise applicable
to the making of Revolving Loans. Revolving Loans made pursuant to this Section
3.7, if made in Dollars, shall initially be Floating Rate Advances and
thereafter may be continued as Floating Rate Advances or converted into
Eurocurrency Rate Advances in the manner provided in Section 2.9 and subject to
the other conditions and limitations therein set forth and set forth in Article
II and in the definition of Interest Period. Revolving Loans made pursuant to
this Section 3.7, if made in an Agreed Currency other than Dollars, shall
initially be Eurocurrency Rate Advances having an Interest Period selected by
the Administrative Agent and thereafter shall be subject to Section 2.9 and the
other conditions and limitations therein set forth and set forth in Article II
and in the definition of Interest Period. If, for any reason, the Company fails
to repay a Reimbursement Obligation on the day such Reimbursement Obligation
arises and, for any reason, the Revolving Loan Lenders are unable to make or
have no obligation to make Revolving Loans, then such Reimbursement Obligation
shall bear interest from and after such day, until paid in full, at the interest
rate applicable to a Floating Rate Advance plus two percent (2.0%) per annum.

        3.8.        Letter of Credit Fees. The Company agrees to pay:

        (A)        quarterly on each Payment Date, in arrears, to the
Administrative Agent for the ratable benefit of the Revolving Loan Lenders a
letter of credit fee (the “LC Fee”) at a rate per annum equal to the Applicable
L/C Fee Percentage on the average daily outstanding Dollar Amount available for
drawing under each Letter of Credit during the calendar quarter ending on such
Payment Date;

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        (B)        to the Issuing Bank with respect to each Letter of Credit, a
fronting fee in an amount (and payable at such times) as shall be agreed upon
between the Company and the Issuing Bank with respect to such Letter of Credit;
and

        (C)        to the Issuing Bank, its standard fees and commissions with
respect to the issuance, amendment, cancellation, negotiation, transfer,
presentment, renewal or extension of Letters of Credit or the processing of
drawings thereunder which are charged to its other similarly situated customers,
payable within ten (10) days after demand therefor.

        3.9.        Issuing Bank Reporting Requirements. In addition to the
notices required by Section 3.5(B), the Issuing Bank shall provide to the
Administrative Agent, no later than the tenth (10th) Business Day following the
last day of each month, and otherwise upon the Administrative Agent’s request,
schedules, in form and substance reasonably satisfactory to the Administrative
Agent, showing the date of issue, account party, Agreed Currency and amount in
such Agreed Currency, expiration date and the reference number of each Letter of
Credit outstanding at any time during such month and the aggregate amount
payable by the Company during such month. In addition, upon the request of the
Administrative Agent, the Issuing Bank shall furnish to the Administrative Agent
copies of any Letter of Credit and any application for or reimbursement
agreement with respect to a Letter of Credit to which the Issuing Bank is party
and such other documentation as may reasonably be requested by the
Administrative Agent. Upon the request of any Revolving Loan Lender, the
Administrative Agent will provide to such Lender information concerning such
Letters of Credit.

        3.10.        Indemnification; Exoneration.

        (A)        In addition to amounts payable as elsewhere provided in this
Article III, each Borrower hereby agrees to protect, indemnify, pay and save
harmless the Administrative Agent, the Issuing Bank and each Lender from and
against any and all liabilities and costs which the Administrative Agent, the
Issuing Bank or such Lender may incur or be subject to as a consequence, direct
or indirect, of (i) the issuance of any Letter of Credit other than, in the case
of the Issuing Bank, to the extent resulting from its gross negligence or
willful misconduct, or (ii) the failure of the Issuing Bank to honor a drawing
under a Letter of Credit as a result of any act or omission, whether rightful or
wrongful, of any present or future de jure or de facto Governmental Authority
(all such acts or omissions herein called “Governmental Acts”).

        (B)        As among the Borrowers, the Lenders, the Administrative Agent
and the Issuing Bank, the Borrowers assume all risks of the acts and omissions
of, or misuse of such Letter of Credit by, the beneficiary of any Letter of
Credit. In furtherance and not in limitation of the foregoing, subject to the
provisions of the Letter of Credit applications and Letter of Credit
reimbursement agreements executed by any Borrower at the time of request for any
Letter of Credit, neither the Administrative Agent, the Issuing Bank nor any
Lender shall be responsible (in the absence of gross negligence or willful
misconduct in connection therewith): (i) for the form, validity, sufficiency,
accuracy, genuineness or legal effect of any document submitted by any party in
connection with the application for and issuance of a Letter of Credit, even if
it should in fact prove to be in any or all respects invalid, insufficient,
inaccurate, fraudulent or forged; (ii) for the validity or sufficiency of any
instrument transferring or assigning or purporting to transfer or assign a
Letter of Credit or the rights or benefits thereunder or proceeds

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thereof, in whole or in part, which may prove to be invalid or ineffective for
any reason; (iii) for failure of the beneficiary of a Letter of Credit to comply
duly with conditions required in order to draw upon such Letter of Credit; (iv)
for errors, omissions, interruptions or delays in transmission or delivery of
any messages, by mail, cable, telegraph, telex, facsimile, electronic
transmission or otherwise; (v) for errors in interpretation of technical trade
terms; (vi) for any loss or delay in the transmission or otherwise of any
document required in order to make a drawing under any Letter of Credit or of
the proceeds thereof; (vii) for the misapplication by the beneficiary of a
Letter of Credit of the proceeds of any drawing under such Letter of Credit; and
(viii) for any consequences arising from causes beyond the control of the
Administrative Agent, the Issuing Bank and the Lenders, including, without
limitation, any Governmental Acts. None of the above shall affect, impair, or
prevent the vesting of the Issuing Bank’s rights or powers under this Section
3.10.

        (C)        In furtherance and extension and not in limitation of the
specific provisions hereinabove set forth, any action taken or omitted by the
Issuing Bank under or in connection with the Letters of Credit or any related
certificates shall not, in the absence of gross negligence or willful
misconduct, put the Issuing Bank, the Administrative Agent or any Lender under
any resulting liability to any Borrower or relieve any Borrower of any of its
obligations hereunder to any such Person.

        (D)        Without prejudice to the survival of any other agreement of
the Borrowers hereunder, the agreements and obligations of the Borrowers
contained in this Section 3.10 shall survive the payment in full of principal
and interest hereunder, the termination of the Letters of Credit and the
termination of this Agreement.

        3.11.        Collateral Account.

        (A)        Each Borrower agrees that the Company will, on behalf of
itself and the Subsidiary Borrower, upon the request of the Administrative Agent
or the Required Lenders and until the final expiration date of any Letter of
Credit and thereafter as long as any amount is payable to the Issuing Bank or
the Revolving Loan Lenders in respect of any Letter of Credit, maintain one or
more special collateral accounts pursuant to arrangements satisfactory to the
Administrative Agent (all such accounts, collectively, the “L/C Collateral
Account”) at the Administrative Agent’s office at the address specified pursuant
to Article XIV, in the name of the Company but under the sole dominion and
control of the Administrative Agent, for the benefit of the Holders of Secured
Obligations, and in which no Borrower shall have any interest other than as set
forth in Section 9.1. Each Borrower hereby pledges, assigns and grants to the
Administrative Agent, on behalf of and for the ratable benefit of the Holders of
Secured Obligations, a security interest in all of such Borrower’s right, title
and interest in and to all funds which may from time to time be on deposit in
the L/C Collateral Account to secure the prompt and complete payment and
performance of the Obligations. The Administrative Agent will invest any funds
on deposit from time to time in the L/C Collateral Account in certificates of
deposit of JPMCB having a maturity not exceeding 30 days. Nothing in this
Section 3.11(A) shall either obligate the Administrative Agent to require any
Borrower to deposit any funds in the L/C Collateral Account or limit the right
of the Administrative Agent to release any funds held in the L/C Collateral
Account in each case other than as required by Section 2.4(B) or 9.1 or this
Section 3.11.

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        (B)        The Administrative Agent may at any time or from time to time
after any funds are deposited in the L/C Collateral Account (whether pursuant to
Section 2.4(B) or 9.1 or any other provision of this Agreement or any other Loan
Document) and after the occurrence and during the continuance of a Default,
apply such funds to the payment of the Secured Obligations and any other amounts
as shall from time to time have become due and payable by the Borrowers to the
Administrative Agent, the Lenders or the Issuing Bank under the Loan Documents.

        (C)        After all of the Secured Obligations have been indefeasibly
paid in full and the Aggregate Revolving Loan Commitment has been terminated,
any funds remaining in the L/C Collateral Account shall be returned by the
Administrative Agent to the Borrowers or paid to whomever may be legally
entitled thereto at such time.

        3.12.        Rights as a Lender. In its capacity as a Lender, the
Issuing Bank shall have the same rights and obligations as any other Lender.

ARTICLE IV: CHANGE IN CIRCUMSTANCES

        4.1.        Yield Protection. If any law or any governmental or
quasi-governmental rule, regulation, policy, guideline or directive (whether or
not having the force of law) adopted after the date the relevant Lender became a
party to this Agreement and having general applicability to all banks within the
jurisdiction in which such Lender operates (excluding, for the avoidance of
doubt, the effect of and phasing in of capital requirements or other regulations
or guidelines passed prior to the date of this Agreement), or any interpretation
or application thereof by any Governmental Authority charged with the
interpretation or application thereof, or the compliance of any Lender
therewith,

         (A)        subjects any Lender or any applicable Lending Installation
to any tax, duty, charge or withholding on or from payments due from any
Borrower (excluding taxation of the overall net income of any Lender or taxation
of a similar basis, which are governed by Section 2.14(E), and excluding any
other taxes for which such Lender has been reimbursed by the Borrowers), or
changes the basis of taxation of payments to any Lender in respect of its
Revolving Loan Commitment, Loans, its L/C Interests, the Letters of Credit or
other amounts due it hereunder, or

         (B)        imposes or increases or deems applicable any reserve,
assessment, insurance charge, special deposit or similar requirement against
assets of, deposits with or for the account of, or credit extended by, any
Lender or any applicable Lending Installation (other than reserves and
assessments taken into account in determining the interest rate applicable to
Eurocurrency Rate Loans) with respect to its Revolving Loan Commitment, Loans,
L/C Interests or the Letters of Credit, or

         (C)        imposes any other condition the result of which is to
increase the cost to any Lender or any applicable Lending Installation of
making, funding or maintaining its Revolving Loan Commitment, the Loans, the L/C
Interests or the Letters of Credit or reduces any amount receivable by any
Lender or any applicable Lending Installation in connection with Loans or
Letters of Credit, or requires any Lender or any applicable Lending Installation
to make any payment calculated by reference to the amount of its

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Revolving Loan Commitment, Loans or the L/C Interests held or interest received
by it or by reference to the Letters of Credit, by an amount deemed material by
such Lender;

and the result of any of the foregoing is to increase the cost to that Lender of
making, renewing or maintaining its Revolving Loan Commitment, Loans, L/C
Interests or Letters of Credit, or to reduce any amount received under this
Agreement, then, within fifteen (15) days after receipt by the Company of
written demand by such Lender pursuant to Section 4.5, the Company shall pay
such Lender that portion of such increased expense incurred or reduction in an
amount received which such Lender determines is attributable to making, funding
and maintaining its Loans, L/C Interests, Letters of Credit and its Revolving
Loan Commitment.

        4.2.        Changes in Capital Adequacy Regulations. If a Lender
determines (i) the amount of capital required to be maintained by such Lender,
any Lending Installation of such Lender or any corporation controlling such
Lender is increased as a result of a “Change” (as defined below), and (ii) such
increase in capital will result in an increase in the cost to such Lender of
maintaining its Revolving Loan Commitment, Loans, L/C Interests, the Letters of
Credit or its obligation to make Loans hereunder, then, within fifteen (15) days
after receipt by the Company of written demand by such Lender pursuant to
Section 4.5, the Company shall pay such Lender the amount necessary to
compensate for any shortfall in the rate of return on the portion of such
increased capital which such Lender determines is attributable to this
Agreement, its Loans, its L/C Interests, the Letters of Credit or its obligation
to make Loans hereunder (after taking into account such Lender’s policies as to
capital adequacy). “Change” means (i) any change after the date the relevant
Lender became a party to this Agreement in the “Risk-Based Capital Guidelines”
(as defined below) excluding, for the avoidance of doubt, the effect of any
phasing in of such Risk-Based Capital Guidelines or any other capital
requirements passed prior to such date or (ii) any adoption of or change in any
other law, governmental or quasi-governmental rule, regulation, policy,
guideline, interpretation, or directive (whether or not having the force of law)
after the date the relevant Lender became a party to this Agreement and having
general applicability to all banks and financial institutions within the
jurisdiction in which such Lender operates which affects the amount of capital
required or expected to be maintained by any Lender or any Lending Installation
or any corporation controlling any Lender. “Risk-Based Capital Guidelines” means
(i) the risk-based capital guidelines in effect in the United States on the date
the relevant Lender became a party to this Agreement, including transition
rules, and (ii) the corresponding capital regulations promulgated by regulatory
authorities outside the United States implementing the July 1988 report of the
Basle Committee on Banking Regulation and Supervisory Practices Entitled
“International Convergence of Capital Measurements and Capital Standards,”
including transition rules, and any amendments to such regulations adopted prior
to the date the relevant Lender became a party to this Agreement.

        4.3.        Availability of Types of Advances. If (i) any Lender
determines that maintenance of its Eurocurrency Rate Loans at a suitable Lending
Installation would violate any applicable law, rule, regulation or directive,
whether or not having the force of law or (ii) the Required Lenders determine
that (x) deposits of a type, currency or maturity appropriate to match fund
Eurocurrency Rate Loans are not available or (y) the interest rate applicable to
Eurocurrency Rate Loans does not accurately reflect the cost of making or
maintaining such an Advance, then the Administrative Agent shall suspend the
availability of the affected Type of Advance and

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require any Advances of the affected Type to be repaid or converted into another
Type at the end of the Interest Period for the affected Loans.

        4.4.        Funding Indemnification. If any payment of principal on a
Eurocurrency Rate Loan occurs on a date which is not the last day of the
applicable Interest Period, whether because of acceleration, prepayment, or
otherwise, or a Eurocurrency Rate Loan is not made or continued, or a Floating
Rate Advance is not converted into a Eurocurrency Rate Advance, in any such
case, on the date specified by any Borrower for any reason other than default by
the Lenders, or a Eurocurrency Rate Advance is not prepaid on the date specified
by the Company or any other Borrower for any reason, the Company shall indemnify
each Lender for any loss or cost incurred by it resulting therefrom, including,
without limitation, any loss or cost in liquidating or employing deposits
acquired to fund or maintain the Eurocurrency Rate Loan.

        4.5.        Lender Statements; Survival of Indemnity. If reasonably
possible, each Lender shall designate an alternate Lending Installation with
respect to its Eurocurrency Rate Loans to reduce any liability of the Borrowers
to such Lender under Sections 4.1 and 4.2 or to avoid the unavailability of a
Type of Advance under Section 4.3, so long as such designation is not materially
disadvantageous, in the judgment of the Lender, to such Lender. Any demand for
compensation pursuant to Section 2.14(E) or this Article IV shall be in writing
and shall state the amount due, if any, under Section 2.14(E), 4.1, 4.2 or 4.4
and shall set forth in reasonable detail the calculations upon which such Lender
determined such amount and shall be final, conclusive and binding on the
Borrowers in the absence of manifest error. Determination of amounts payable
under such Sections in connection with a Eurocurrency Rate Loan shall be
calculated as though each Lender funded its Eurocurrency Rate Loan through the
purchase of a deposit of the type, currency and maturity corresponding to the
deposit used as a reference in determining the Eurocurrency Rate applicable to
such Loan, whether in fact that is the case or not. The obligations of the
Borrowers under Sections 2.14(E), 4.1, 4.2 or 4.4 shall survive payment of the
Obligations and termination of this Agreement.

ARTICLE V: CONDITIONS PRECEDENT

        5.1.        Conditions to Closing, Initial Advances and Letters of
Credit. This Agreement shall not become effective and the Lenders shall not be
required to make the initial Loans or issue any Letters of Credit (including the
deemed issuance of the Transitional Letters of Credit) unless the Company has
furnished to the Administrative Agent each of the following, with sufficient
copies for the Lenders, all in form and substance satisfactory to the
Administrative Agent and the Lenders:

         (A)        Copies of the Certificate of Incorporation (or other
comparable constituent document) of each Initial Loan Party together with all
amendments thereto and a certificate of good standing, both certified by the
appropriate governmental officer in its jurisdiction of organization, as well as
any other information required by Section 326 of the USA Patriot Act or
necessary for the Agents or any Lender to verify the identity of each Initial
Loan Party as required by Section 326 of the USA Patriot Act;

         (B)        Copies, certified by the Secretary or Assistant Secretary of
each Initial Loan Party of its By-Laws (or other comparable governing document)
and of its Board of

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Directors’ resolutions (and required resolutions of other bodies) authorizing
the execution of the Loan Documents;

         (C)        An incumbency certificate, executed by the Secretary or
Assistant Secretary of each Initial Loan Party which shall identify by name and
title and bear the signatures (or facsimiles thereof) of the officers of such
Initial Loan Party authorized to sign the Loan Documents (and, in the case of
the Company, to make borrowings hereunder), upon which certificate the Lenders
shall be entitled to rely until informed of any change in writing by the
applicable Loan Party;

         (D)        A certificate, in form and substance satisfactory to the
Administrative Agent, signed by a Designated Financial Officer of the Company,
stating that on the Closing Date (both before and after giving effect to the
Loans made and/or Letters of Credit issued or deemed issued thereon) all the
representations in this Agreement are true and correct in all material respects
(unless such representation and warranty is made as of a specific date, in which
case, such representation and warranty shall be true and correct in all material
respects as of such date), the Company is, and the Company and its Subsidiaries
as a whole are, Solvent and no Default or Unmatured Default has occurred and is
continuing;

         (E)        (i) Satisfactory audited financial statements of the Company
and its consolidated Subsidiaries with respect to the fiscal years of the
Company ending on September 30, 2004, and September 30, 2005, (ii) satisfactory
unaudited financial statements of the Company and its consolidated Subsidiaries
with respect to the fiscal quarters ending on December 31, 2005, and March 31,
2006, and (iii) a compliance certificate (substantially in the form of Exhibit F
hereto and in such detail as is requested by the Administrative Agent) signed by
a Designated Financial Officer and demonstrating compliance with the provisions
of Sections 7.3 and 7.4 as of the end of the fiscal quarter ending on March 31,
2006;

         (F)        Evidence satisfactory to the Administrative Agent that the
Prior Credit Agreement has terminated and that all obligations, indebtedness and
liabilities outstanding under the Prior Credit Agreement have been repaid in
full (it being understood and agreed that the Transitional Letters of Credit
shall be evidenced hereby in accordance with Section 3.2), or the Company has
arranged for such termination and repayment from the proceeds of the initial
Loans hereunder (in either case, as documented in a payoff letter in form and
substance reasonably satisfactory to the Administrative Agent);

         (G)        Evidence satisfactory to the Administrative Agent that the
Company has paid to the Administrative Agent and the Arrangers the fees agreed
to in each of the fee letters described in Section 2.14(C)(iii);

         (H)        The written opinions of (i) the Initial Loan Parties’ U.S.
counsels, (ii) the Subsidiary Borrower’s Ireland counsel and (iii) the foreign
local counsel of each Foreign Subsidiary Guarantor, in each case addressed to
the Administrative Agent and the

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Lenders, in form and substance acceptable to the Administrative Agent and its
counsel; and

         (I)        Such other documents as the Administrative Agent or its
counsel may have reasonably requested, including, without limitation, the
Subsidiary Guaranty, the initial Collateral Documents, the amendment(s) to the
Company’s existing Permitted Domestic Receivables Financing documents to permit
the Capital Stock of each SPV to be pledged pursuant to the Collateral Documents
and each other instrument, document or agreement reflected on the List of
Closing Documents attached as Exhibit E to this Agreement.

Without in any way limiting the foregoing, this Agreement shall not become
effective unless and until it has been executed by the Company, the Subsidiary
Borrower, the Administrative Agent and the Lenders, and each such party has
notified the Administrative Agent by facsimile or electronic transmission that
it has taken such action.

        5.2.        Each Advance and Letter of Credit. The Lenders shall not be
required to make, convert or continue any Advance or issue any Letter of Credit,
unless on the applicable Credit Extension Date, both before and after giving
effect to such Advance, conversion, continuation or Letter of Credit:

        (A)        There exists no Default or Unmatured Default;

        (B)        The representations and warranties contained in Article VI
are true and correct in all material respects as of such Credit Extension Date
(unless such representation and warranty is made as of a specific date, in which
case, such representation and warranty shall be true and correct in all material
respects as of such date).

        (C)        (i) The Dollar Amount of the Revolving Credit Obligations
does not, and after making such proposed Advance or issuing such Letter of
Credit would not, exceed the Aggregate Revolving Loan Commitment and (ii) the
Dollar Amount of the Revolving Credit Obligations denominated in Agreed
Currencies other than Dollars does not, and after making such proposed Advance
or issuing such Letter of Credit would not, exceed the Foreign Currency
Sublimit.

Each Borrowing/Election Notice with respect to each such Advance and the letter
of credit application with respect to each Letter of Credit shall constitute a
representation and warranty by the Company that the conditions contained in
Sections 5.2(A), (B) and (C) have been satisfied.

ARTICLE VI: REPRESENTATIONS AND WARRANTIES

        In order to induce the Administrative Agent and the Lenders to enter
into this Agreement and to make the Loans and the other financial accommodations
to the Borrowers and to issue the Letters of Credit described herein, the
Company represents and warrants as follows with respect to itself and its
Subsidiaries (and the Subsidiary Borrower shall also be deemed to make each
representation and warranty to the extent it relates to the Subsidiary Borrower
and its Subsidiaries) to each Lender and the Administrative Agent as of the
Closing Date, giving effect

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to the consummation of the transactions contemplated by the Loan Documents on
the Closing Date, and thereafter on each date as required by Section 5.2:

        6.1.        Corporate Existence and Standing. Each of the Company and
its Subsidiaries is a corporation, partnership, limited liability company or
other organization duly incorporated or organized, validly existing and in good
standing (to the extent such concept is applicable to such entity) under the
laws of its jurisdiction of incorporation or organization and has all requisite
authority to conduct its business in each jurisdiction in which its business is
conducted and where the failure to be in good standing or authorized to conduct
business would have a Material Adverse Effect.

        6.2.        Authorization, Validity and Enforceability. Each Borrower
and each Subsidiary Guarantor has the corporate or other power and authority and
legal right to execute and deliver the Loan Documents to which it is a party and
to perform its obligations thereunder. The execution and delivery by each
Borrower and each Subsidiary Guarantor of the Loan Documents to which it is a
party and the performance of its obligations thereunder have been duly
authorized by proper corporate, partnership or limited liability company
proceedings (or analogous acts in the case of any Foreign Subsidiary), and the
Loan Documents to which it is a party constitute legal, valid and binding
obligations of such Person enforceable against such Person in accordance with
their terms, except as enforceability may be limited by bankruptcy, insolvency
or similar laws affecting the enforcement of creditors’ rights generally.

        6.3.        No Conflict; Consent. Neither the execution and delivery by
the Borrowers and the Subsidiary Guarantors of the Loan Documents, nor the
consummation of the transactions therein contemplated, nor compliance with the
provisions thereof will violate any law, rule, regulation, order, writ,
judgment, injunction, decree or award binding on the Company or any of its
Subsidiaries or the Company’s or any Subsidiary’s articles of incorporation or
by-laws or comparable constitutive documents or the provisions of any indenture,
instrument or agreement to which the Company or any of its Subsidiaries is a
party or is subject, or by which it, or its Property, is bound, or conflict with
or constitute a default thereunder, or result in the creation or imposition of
any Lien (other than any Lien permitted by Section 7.3(F)) in, of or on the
Property of the Company or a Subsidiary pursuant to the terms of any such
indenture, instrument or agreement, except for any such violation, conflict or
default as would not reasonably be expected to have a Material Adverse Effect.
No order, consent, approval, license, authorization, or validation of, or
filing, recording or registration with, or exemption by, any Governmental
Authority, or any other third party, is required to authorize, or is required in
connection with the execution, delivery and performance of, or the legality,
validity, binding effect or enforceability of, any of the Loan Documents.

        6.4.        Financial Statements. The September 30, 2005 audited annual
consolidated financial statements of the Company and its Subsidiaries heretofore
delivered to the Lenders were prepared in accordance with generally accepted
accounting principles in effect in the United States of America on the date such
statements were prepared and fairly present the consolidated financial condition
and operations of the Company and its Subsidiaries at such date and the
consolidated results of their operations for the period then ended. The
historical financial information regarding the Company and its Subsidiaries
included in the Bank Book heretofore delivered to the Lenders fairly presents
the consolidated financial condition of the Company and

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its Subsidiaries at September 30, 2003, September 30, 2004, September 30, 2005,
and March 31, 2006 in accordance with generally accepted accounting principles
as in effect in the United States of America on such dates.

        6.5.        Material Adverse Change. Since September 30, 2005, there has
been no change in the business, condition (financial or otherwise), operations,
performance or Properties of the Company and its Subsidiaries, as reflected in
the audited annual consolidated financial statements of the Company and its
Subsidiaries for the fiscal year ended on such date described in Section 6.4,
which has had or could reasonably be expected to have a Material Adverse Effect.

        6.6.        Taxes. The Company and its Subsidiaries have filed all
United States federal tax returns and all other tax returns which are required
to be filed and have paid all taxes shown as due pursuant to said returns or
pursuant to any assessment received by the Company or any of its Subsidiaries,
except such taxes, if any, as are being contested in good faith and as to which
adequate reserves have been provided in accordance with Agreement Accounting
Principles and such failures to file or pay, if any, as would not reasonably be
expected to have a Material Adverse Effect. No tax liens have been filed and no
claims are being asserted with respect to any such taxes, other than as
permitted by Section 7.3(F)(ii). The charges, accruals and reserves on the books
of the Company and its Subsidiaries in respect of any taxes or other
governmental charges are adequate.

        6.7.        Litigation and Contingent Obligations. Except as set forth
on Schedule 6.7 hereto, there is no litigation, arbitration, governmental
investigation, proceeding or inquiry pending, or, to the knowledge of any of
their officers, threatened against or affecting the Company or any of its
Subsidiaries which could reasonably be expected to have a Material Adverse
Effect or which seeks to prevent, enjoin or delay the making of the Loans or
Advances. Other than any liability incident to such litigation, arbitration or
proceedings, the Company and its Subsidiaries have no material Contingent
Obligations not provided for or disclosed in the financial statements referred
to in Section 6.4.

        6.8.        Subsidiaries. Schedule 6.8 hereto contains an accurate list
of all Subsidiaries of the Company existing on the Closing Date, setting forth
their respective jurisdictions of incorporation and the percentage of their
respective Capital Stock owned by the Company or other Subsidiaries. All of the
issued and outstanding shares of Capital Stock of such Subsidiaries have been
duly authorized and issued and are fully paid and non-assessable.

        6.9.        ERISA; Foreign Plans; Multiemployer Plans. Each Plan and
each Foreign Plan complies with all applicable requirements of law and
regulations and the provisions of the Plan documents except for a failure to
comply which would not result in a material liability. No Benefit Plan has
incurred any material accumulated funding deficiency (as defined in Sections
302(a)(2) of ERISA and 412(a) of the Code). Neither the Company nor any member
of the Controlled Group has failed to make an installment or any other payment
required under Section 412(m) of the Code and of a material amount on or before
the due date for such installment or payment. Neither the Company nor any member
of the Controlled Group has taken or failed to take any action which would
constitute or result in a Termination Event which could reasonably be expected
to subject the Company or a Controlled Group member to a material liability.
Neither the Company nor any member of the Controlled Group has incurred any
material

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liability to the PBGC which remains outstanding other than for the payment of
premiums. For purposes of this Section 6.9, “material” means any amount,
noncompliance or other basis for liability which, individually or in the
aggregate with each other basis for liability under this Section 6.9, could
reasonably be expected to subject the Company to liability having a Material
Adverse Effect.

        6.10.        Accuracy of Information. No written information, exhibit or
report furnished by the Company or any of its Subsidiaries to the Agents or to
any Lender in connection with the negotiation of, or compliance with, the Loan
Documents, contained any material misstatement of fact or omitted to state a
material fact or any fact necessary to make the statements contained therein not
misleading in light of the circumstances in which they were made; provided,
that, with respect to the projected financial information regarding the Company
and its Subsidiaries contained in the Bank Book, the Company represents that
only such information is based on estimates and assumptions considered
reasonable by the Company’s management and the best information available to the
Company’s management at the time such projected financial information was
provided, and uses information consistent with the plans of the Company, it
being understood that such financial information is subject to significant
uncertainties and contingencies, many of which are beyond the control of the
Company and no assurances can be given that the projected results will be
realized.

        6.11.        Regulation U. Neither the Company nor any Subsidiary is
engaged principally, or as one of its important activities, in the business of
extending credit for the purpose, whether immediate, incidental or ultimate of,
buying or carrying Margin Stock, and after applying the proceeds of each
Advance, Margin Stock constitutes less than 25% of the assets of the Company and
its Subsidiaries which are subject to any limitation on sale, pledge or other
restriction hereunder.

        6.12.        Material Agreements. Neither the Company nor any Subsidiary
is a party to any agreement or instrument or subject to any charter or other
corporate restriction which could reasonably be expected to have a Material
Adverse Effect. Neither the Company nor any Subsidiary is in default in the
performance, observance or fulfillment of any of the obligations, covenants or
conditions contained in (a) any agreement to which it is a party, which default
could reasonably be expected have a Material Adverse Effect or (b) any agreement
or instrument evidencing or governing Material Indebtedness.

        6.13.        Compliance With Laws. The Company and its Subsidiaries have
complied with all applicable statutes, rules, regulations, orders and
restrictions of any domestic or foreign government or any instrumentality or
agency thereof having jurisdiction over the conduct of their respective
businesses or the ownership of their respective Property if failure to comply
therewith could reasonably be expected to have a Material Adverse Effect.

        6.14.        Plan Assets; Prohibited Transactions. None of the Borrowers
is an entity deemed to hold “plan assets” within the meaning of 29 C.F.R. §
2510.3-101 of an employee benefit plan (as defined in Section 3(3) of ERISA)
which is subject to Title I of ERISA or any plan (within the meaning of Section
4975 of the Code). The Company and its Subsidiaries have not engaged in any
prohibited transaction within the meaning of Section 406 of ERISA or Section
4975 of the Code which could reasonably be expected to result in liability,
individually or in the aggregate,

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having a Material Adverse Effect; and neither the execution of this Agreement
nor the making of Loans (assuming that the Lenders do not fund any of the Loans
with any “plan assets” as defined under ERISA) hereunder give rise to a
non-exempt prohibited transaction within the meaning of Section 406 of ERISA or
Section 4975 of the Code.

        6.15.        Environmental Matters. In the ordinary course of its
business, the Company considers the effect of Environmental Laws on the business
of the Company and its Subsidiaries, in the course of which it identifies and
evaluates potential risks and liabilities accruing to the Company due to
Environmental Laws. On the basis of this consideration, the Company has
concluded that Environmental Laws cannot reasonably be expected to result in
liability, individually or in the aggregate, having a Material Adverse Effect.
Neither the Company nor any Subsidiary has received any notice to the effect
that its operations are not in material compliance with any of the requirements
of applicable Environmental Laws or are the subject of any federal or state
investigation evaluating whether any remedial action is needed to respond to a
release of any toxic or hazardous waste or substance into the environment, which
non-compliance or remedial action could reasonably be expected to result in
liability, individually or in the aggregate, having a Material Adverse Effect.

        6.16.        Investment Company Act. Neither the Company nor any
Subsidiary is an “investment company” or a company “controlled” by an
“investment company”, within the meaning of the Investment Company Act of 1940,
as amended.

        6.17.        Intentionally Omitted.

        6.18.        Ownership of Properties. The Company and its Subsidiaries
have good title, free of all Liens other than those permitted by Section 7.3(F),
to all of the assets reflected in the Company’s most recent consolidated
financial statements provided to the Administrative Agent as owned by the
Company and the Subsidiaries, except assets sold or otherwise transferred as
permitted under Section 7.3(C).

        6.19.        Insurance. The Company and its Subsidiaries maintain, with
financially sound and reputable insurance companies, insurance in such amounts,
subject to deductibles and self-insurance retentions, and covering such
properties and risks, as is consistent with sound business practices.

        6.20.        No Default or Unmatured Default. No Default or Unmatured
Default has occurred and is continuing.

        6.21.        Solvency. After giving effect to (a) the Loans to be made
(or, if applicable, Letters of Credit to be issued or deemed issued) on the
Closing Date or such other date as Loans requested hereunder are made (or
Letters of Credit are issued), (b) the other transactions contemplated by this
Agreement and the other Loan Documents and (c) the payment and accrual of all
transaction costs with respect to the foregoing, the Company is, and the Company
and its Subsidiaries taken as a whole are, Solvent.

        6.22.        Benefits. Each of the Company and its Subsidiaries will
benefit from the financing arrangement established by this Agreement. The
Administrative Agent and the Lenders have stated and acknowledge that, but for
the agreement by each of the Subsidiary Guarantors to

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execute and deliver the Subsidiary Guaranty, the Subsidiary Borrower to assume
joint and several liability for the Obligations to the extent provided in
Section 1.4 or any other Subsidiary to execute and deliver any Loan Document to
which it is a party, the Administrative Agent and the Lenders would not have
made available the credit facilities established hereby on the terms set forth
herein.

        6.23.        Additional Representations and Warranties of the Subsidiary
Borrower. In addition to the foregoing, the Subsidiary Borrower further
represents and warrants to the Administrative Agent and the Lenders as follows:

        (A)        Filing. To ensure the enforceability or admissibility in
evidence of this Agreement and each other Loan Document to which the Subsidiary
Borrower is a party in its jurisdiction of organization (“Home Country”), it is
not necessary that this Agreement or any other Loan Document to which the
Subsidiary Borrower is a party or any other document be filed or recorded with
any court or other authority in its Home Country or that any stamp or similar
tax be paid in respect of this Agreement or any other Loan Document of the
Subsidiary Borrower. The qualification by any Lender or the Administrative Agent
for admission to do business under the laws of the Subsidiary Borrower’s Home
Country does not constitute a condition to, and the failure to so qualify does
not affect, the exercise by any Lender or the Administrative Agent of any right,
privilege, or remedy afforded to any Lender or the Administrative Agent in
connection with the Loan Documents to which the Subsidiary Borrower is a party
or the enforcement of any such right, privilege, or remedy against the
Subsidiary Borrower. The performance by any Lender or the Administrative Agent
of any action required or permitted under the Loan Documents will not (i)
violate any law or regulation of the Subsidiary Borrower’s Home Country or any
political subdivision thereof, (ii) result in any tax or other monetary
liability to such party pursuant to the laws of the Subsidiary Borrower’s Home
Country or political subdivision or taxing authority thereof (provided, that,
should any such action result in any such tax or other monetary liability to the
Lender or the Administrative Agent, the Subsidiary Borrower hereby agrees to
indemnify such Lender or the Administrative Agent, as the case may be, against
(x) any such tax or other monetary liability and (y) any increase in any tax or
other monetary liability which results from such action by such Lender or the
Administrative Agent and, to the extent the Subsidiary Borrower makes such
indemnification, the incurrence of such liability by the Administrative Agent or
any Lender will not constitute a Default) or (iii) violate any rule or
regulation of any federation or organization or similar entity of which the
Subsidiary Borrower’s Home Country is a member.

        (B)        No Immunity. Neither the Subsidiary Borrower nor any of its
assets is entitled to immunity from suit, execution, attachment or other legal
process. The Subsidiary Borrower’s execution and delivery of the Loan Documents
to which it is a party constitute, and the exercise of its rights and
performance of and compliance with its obligations under such Loan Documents
will constitute, private and commercial acts done and performed for private and
commercial purposes.

ARTICLE VII: COVENANTS

        The Company covenants and agrees on behalf of itself and its
Subsidiaries (and the Subsidiary Borrower shall also be deemed to so covenant
and agree to the extent such covenant

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relates to the Subsidiary Borrower and its Subsidiaries) that so long as any
Revolving Loan Commitments are outstanding and thereafter until payment in full
of all of the Obligations (other than contingent indemnity obligations) and
termination of all Letters of Credit, unless the Required Lenders shall
otherwise give prior written consent:

        7.1.        Reporting. The Company will maintain, for itself and each
Subsidiary, a system of accounting enabling it to provide, and will furnish to
the Lenders:

        (A)        Annual Reports. Within ninety (90) days after the close of
each of the Company’s fiscal years (or such earlier date on which such
statements are required to be field with the Commission), annual audited
consolidated financial statements for the Company and its Subsidiaries,
including a consolidated balance sheet as of the end of such period, related
statement of consolidated income, statement of consolidated shareowners’ equity,
and statement of cash flows, all prepared in accordance with Agreement
Accounting Principles, accompanied by an unqualified audit report of independent
auditors acceptable to the Lenders;

        (B)        Quarterly Reports. Within forty-five (45) days after the
close of the first three quarterly periods of each of the Company’s fiscal years
(or such earlier date on which such statements are required to be filed with the
Commission), unaudited consolidated financial statements for the Company and its
Subsidiaries, including a consolidated balance sheet as of the end of such
period, related statement of consolidated income and statement of cash flows,
all prepared in accordance with Agreement Accounting Principles, for the period
from the beginning of such fiscal year to the end of such quarter;

        (C)        Compliance Certificate. Together with the financial
statements required under Sections 7.1(A) and (B), commencing with the financial
statements delivered for the quarter ending June 30, 2006, a certificate signed
by a Designated Financial Officer in the form of Exhibit F hereto, setting forth
reasonably detailed calculations (which calculations shall be made in accordance
with Agreement Accounting Principles) showing compliance with Sections 7.2(K),
7.2(L), 7.3 and 7.4 (including, without limitation, a schedule (in level of
detail substantially similar to the detail contained in comparable schedules
delivered to the Administrative Agent prior to the Closing Date) setting forth
the Subsidiaries of the Company as of the end of the applicable period and
detailed schedules reflecting the book value of the Collateral and calculation
of the Company’s “Consolidated Net Tangible Assets” — as such term is used in
the 1998 Senior Note Indenture), and stating that no Default or Unmatured
Default exists or existed during the applicable period, or if any Default or
Unmatured Default exists or existed, stating the nature and status thereof;

        (D)        Together with the financial statements required under
Sections 7.1(A), a certificate of the accounting firm that reported on such
financial statements stating whether they obtained knowledge during the course
of their examination of such financial statements of any Default arising from
noncompliance with Section 7.4 (which certificate may be limited to the extent
required by accounting rules or guidelines);

        (E)        ERISA Information. If requested by the Administrative Agent,
within 180 days after the close of each fiscal year, (i) a statement of the
Unfunded Liabilities of each Benefit Plan, certified as correct by an actuary
enrolled under ERISA, and (ii) such other financial information

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regarding the Company’s Plans as the Administrative Agent may reasonably
request, certified as prepared in accordance with generally accepted actuarial
principles and practices by an actuary enrolled under ERISA, as well as
financial information regarding any Foreign Plans, certified as prepared in
accordance with locally accepted actuarial principles and practices by a locally
qualified actuary;

        (F)        Termination Event. As soon as possible and in any event
within ten days after the Company knows that any Termination Event has occurred,
a statement, signed by an Authorized Officer of the Company, describing such
Termination Event and the action which the Company proposes to take with respect
thereto;

        (G)        Environmental. As soon as possible and in any event within 15
days after receipt by the Company, a copy of (i) any notice or claim to the
effect that the Company or any of its Subsidiaries is or may be liable to any
Person as a result of the release by the Company, any of its Subsidiaries, or
any other Person of any toxic or hazardous waste or substance into the
environment and (ii) any notice alleging any violation of any Environmental Law
by the Company or any of its Subsidiaries, which, in either case, could
reasonably be expected to have a Material Adverse Effect.

        (H)        Shareholder Information. Promptly upon the furnishing thereof
to the shareholders of the Company, copies of all financial statements, reports
and proxy statements so furnished;

        (I)        Public Filings. Promptly upon the filing thereof, copies of
all registration statements, current reports and annual, quarterly, or other
regular reports which the Company files with the Commission, including, without
limitation, all reports on Form 10-K, 10-Q and 8-K and all certifications and
other filings required by Section 302 and Section 906 of the Sarbanes-Oxley Act
of 2002, as amended, and all rules and regulations related thereto; and

        (J)        Other Information. Such other information (including
non-financial information) as the Administrative Agent or any Lender may from
time to time reasonably request.

Notwithstanding anything to the contrary, the Company shall be deemed to have
complied with the delivery requirements under clauses (A), (B), (H) and (I) of
this Section 7.1 by providing notification (which may be in electronic format)
to the Lenders that the required documents are publicly available through the
Company’s web site or other publicly available electronic medium and providing
the hyperlink or appropriate other locational information for obtaining such
information.

        7.2.        Affirmative Covenants.

        (A)        Use of Proceeds. The Company will, and will cause each
Subsidiary to, use the proceeds of the Advances for the Company’s general
corporate purposes, including to finance the Borrowers’ and their Subsidiaries’
working capital needs and for commercial paper backstop, and for Permitted
Acquisitions; provided that:

  (i) the Borrowers shall use the proceeds of the Advances in compliance with
all applicable legal and regulatory requirements and any such use shall not
result in a violation of any such requirements, including, without limitation,
Regulations U

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    and X, the Securities Act and the Securities Exchange Act, and the
regulations promulgated thereunder; and

  (ii) no portion of the proceeds of any Advance shall be used, directly, or
indirectly, to provide funds for any Hostile Acquisition.

        (B)        Notice of Default. The Company will, and will cause each
Subsidiary to, promptly give notice (but in no event later than two (2) Business
Days after an Authorized Officer becomes aware of such occurrence) in writing to
the Administrative Agent and the Lenders of (i) the occurrence of any Default or
Unmatured Default, (ii) the delivery by any Person of any written notice to the
Company or any Subsidiary of, or the taking of any other action by any Person
with respect to, a claimed default or event or condition of the type referred to
in Section 8.1(E) and (iii) the occurrence of any other development, financial
or otherwise (including, without limitation, any litigation), that could
reasonably be expected to have a Material Adverse Effect.

        (C)        Corporate Existence. The Company shall do or cause to be done
all things necessary to preserve and keep in full force and effect its corporate
existence and the corporate existence of the Subsidiary Borrower and each other
Subsidiary in accordance with the respective organizational documents of each
such Person and the rights (charter and statutory) and material franchises of
the Company, the Subsidiary Borrower and each other Subsidiary; provided, that
(except as otherwise provided herein) the Company shall not be required to
preserve any such right or franchise, or the existence of any Subsidiary (except
for the Subsidiary Borrower and the Subsidiary Guarantors), if the
discontinuance thereof could not reasonably be expected to have a Material
Adverse Effect.

        (D)        Taxes. The Company will, and will cause each Subsidiary to,
pay when due all taxes, assessments and governmental charges and levies upon it
or its income, profits or property, except (i) those which are being contested
in good faith by appropriate proceedings and with respect to which adequate
reserves have been set aside in accordance with Agreement Accounting Principles
and (ii) those as to which failure to pay when due could not reasonably be
expected to have a Material Adverse Effect.

        (E)        Insurance. The Company will, and will cause each Subsidiary
to, maintain with financially sound and reputable insurance companies insurance
on all their Property in such amounts, subject to such deductibles and
self-insurance retentions, and covering such properties and risks as is
consistent with sound business practice, and the Company will furnish to any
Lender upon reasonable request full information as to the insurance carried. The
Company shall deliver to the Administrative Agent endorsements (y) to all “All
Risk” physical damage insurance policies on all of the Loan Parties’ tangible
real and personal property and assets and business interruption insurance
policies naming the Administrative Agent loss payee, and (z) to all general
liability and other liability policies naming the Administrative Agent an
additional insured. In the event the Company or any of its Subsidiaries at any
time or times hereafter shall fail to obtain or maintain any of the policies or
insurance required herein or to pay any premium in whole or in part relating
thereto, then the Administrative Agent, without waiving or releasing any
obligations or resulting Default hereunder, may at any time or times thereafter
(but shall be under no obligation to do so) obtain and maintain such policies of
insurance and pay such

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premiums and take any other action with respect thereto which the Administrative
Agent deems advisable. All sums so disbursed by the Administrative Agent shall
constitute part of the Obligations, payable as provided in this Agreement.

        (F)        Compliance with Laws. The Company will, and will cause each
Subsidiary to, comply with all laws, rules, regulations, orders, writs,
judgments, injunctions, decrees or awards to which it may be subject except
those with which the failure to comply would not reasonably be expected to have
a Material Adverse Effect.

        (G)        ERISA Compliance. The Company will, and will cause each
Subsidiary to, maintain and operate (i) all Plans to comply with the applicable
provisions of the Code, ERISA, all other applicable laws, and the regulations
and interpretations thereunder and the respective requirements of the governing
documents for such Plans and (ii) all Foreign Plans to comply with all laws,
regulations and rules applicable thereto and the respective requirements of the
governing documents, unless the failure to maintain, operate and comply with the
foregoing, as applicable, could not reasonably be expected to subject the
Company or its Subsidiaries to liability, individually or in the aggregate,
having a Material Adverse Effect.

        (H)        Environmental Compliance. The Company will, and will cause
each Subsidiary to, comply with all Environmental Laws, except where
noncompliance could not reasonably be expected to subject the Company or any of
its Subsidiaries to liability, individually or in the aggregate, having a
Material Adverse Effect. The Company will, and will cause each Subsidiary to,
upon the Administrative Agent’s written reasonable request, (i) cause the
performance of such environmental audits and testing, and preparation of such
environmental reports, at the Company’s expense, as the Administrative Agent may
from time to time reasonably request with respect to any parcel of real Property
subject to a Mortgage, which shall be conducted by Persons reasonably acceptable
to the Administrative Agent and shall be in form and substance reasonably
acceptable to the Administrative Agent, and (ii) permit the Administrative Agent
or its representatives to have access to all such real Property for the purpose
of conducting, at the Company’s expense, such environmental audits and testing
as the Administrative Agent shall reasonably deem appropriate; provided, that if
a Phase I or other environmental report with respect to any such parcel of real
Property has been completed to the reasonable satisfaction of the Administrative
Agent, then no other environmental audits, testing or reports shall be required
for such parcel of real Property during the term of this Agreement.

        (I)        Maintenance of Properties. The Company will, and will cause
each Subsidiary to, do all things reasonably necessary to maintain, preserve,
protect and keep its material Property in good repair, working order and
condition in all material respects (ordinary wear and tear excepted), and make
all necessary and proper repairs, renewals and replacements material to its
business so that its business carried on in connection therewith may be properly
conducted at all times.

        (J)        Books and Records; Inspection. The Company will, and will
cause each of its Subsidiaries to, keep proper books of record and account in
which full, true and correct entries are made of all materials dealings and
transactions in relation to its business and activities. The Company will, and
will cause each Subsidiary to, permit the Administrative Agent and any or each
Lender, by their respective representatives and agents, to inspect any of the
Property,

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corporate books and financial records of the Company and each Subsidiary, to
examine and make copies of the books of accounts and other financial records of
the Company and each Subsidiary, including environmental assessment reports and
Phase I or Phase II studies, and to discuss the affairs, finances and accounts
of the Company and each Subsidiary with, and to be advised as to the same by,
their respective officers at such reasonable times and intervals as the
Administrative Agent or such Lender, as the case may be, may designate;
provided, that the Company shall pay all reasonable costs and expenses of one
such inspection per year by the Administrative Agent and its representatives and
agents (and any representatives and agents of the Lenders participating in such
inspection); provided, further, that if a Default has occurred and is
continuing, the Company shall pay all reasonable costs and expenses of all such
inspections.

        (K)        Guaranty Documentation.  (i) On the Closing Date, the Company
shall cause each Domestic Subsidiary and Special Foreign Subsidiary of the
Company as of the Closing Date to execute and deliver the Subsidiary Guaranty
or, in the case of any Special Foreign Subsidiary, such other guaranty document
as the Administrative Agent shall reasonably deem appropriate in order for such
Subsidiary to provide an unconditional guaranty of the Secured Obligations and
as may be enforceable under the laws of such Special Foreign Subsidiary’s
jurisdiction of organization, in each case, together with such other
documentation with respect to such Initial Loan Party as may be required
pursuant to Section 5.1.

        (ii)        In addition to causing each Domestic Subsidiary and Special
Foreign Subsidiary to execute and deliver a Guaranty on the Closing Date as
required by the foregoing clause (i), the Company will cause each Person that
constitutes a Domestic Subsidiary or Special Foreign Subsidiary of the Company
after the Closing Date (whether by virtue of the consummation of a Permitted
Acquisition, any corporate reorganization or otherwise) to execute and deliver
to the Administrative Agent, as promptly as possible, but in any event within
thirty (30) days (or such later date as is agreed to by the Administrative
Agent) after such qualification, (x) an executed supplement to become a
Subsidiary Guarantor under the Subsidiary Guaranty in the form attached thereto
or, in the case of any Special Foreign Subsidiary, such other guaranty document
as the Administrative Agent shall reasonably deem appropriate in order for such
Special Foreign Subsidiary to provide an unconditional guaranty of the Secured
Obligations and as may be enforceable under the laws of such Special Foreign
Subsidiary’s jurisdiction of organization (whereupon such Subsidiary shall
become a “Subsidiary Guarantor”), (y) the Collateral Documents required to be
delivered by such Person pursuant to Section 7.2(L)(i) and (z) resolutions,
officer’s certificates, opinions of counsel and such other authorizing
documentation as the Administrative Agent may reasonably request, all in form
and substance reasonably satisfactory to the Administrative Agent.

        (iii)        In addition to the foregoing, if at any time any Foreign
Subsidiary of the Company which is not a Foreign Subsidiary Guarantor guarantees
any Indebtedness of the Company or any Domestic Subsidiary, the Company shall
cause such Foreign Subsidiary to execute and deliver to the Administrative
Agent, as promptly as possible but in any event within thirty (30) days (or such
later date as is agreed to by the Administrative Agent) after the date upon
which such Subsidiary shall have guaranteed such Indebtedness, (a) an executed
supplement to become a Subsidiary Guarantor under the Subsidiary Guaranty in the
form

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attached thereto or such other guaranty document as the Administrative Agent
shall reasonably deem appropriate in order for such Subsidiary to provide an
unconditional guaranty of the Secured Obligations and as may be enforceable
under the laws of such Foreign Subsidiary’s jurisdiction of organization
(whereupon such Subsidiary shall become a “Subsidiary Guarantor”), (b) the
Collateral Documents required to be delivered by such Person pursuant to Section
7.2(L)(i) and (c) resolutions, officer’s certificates, opinions of counsel and
such other authorizing documentation as the Administrative Agent may reasonably
request, all in form and substance reasonably satisfactory to the Administrative
Agent. Following the date upon which any such Foreign Subsidiary shall cease to
be obligated as a guarantor of any Indebtedness of any Domestic Subsidiary other
than the Obligations, unless such Foreign Subsidiary shall be required to be a
Subsidiary Guarantor pursuant to the foregoing clauses (i) or (ii), the
Administrative Agent shall be authorized to, and shall promptly, execute and
deliver to the Company such documentation as the Company may reasonably request
in order to release such Foreign Subsidiary from the applicable Guaranty.

        (iv)        Notwithstanding the foregoing (a) the Subsidiary Borrower
and each Excluded Subsidiary shall not be required to execute and deliver a
Guaranty, (b) neither Emissions Technologies nor Meritor Finance Cayman Island,
Ltd., a company organized under the laws of the Cayman Islands, shall be
required to execute and deliver the Subsidiary Guaranty on the Closing Date but
shall, on or prior to the date 90 days after the Closing Date, execute and
deliver to the Administrative Agent an executed supplement to become a
Subsidiary Guarantor under the Subsidiary Guaranty, together with resolutions,
officer’s certificates, opinions of counsel and such other authorizing
documentation as the Administrative Agent may reasonably request and, in the
case of Emissions Technologies, the Collateral Documents required to be
delivered by it pursuant to Section 7.2(L)(i), and (c) so long as such
Subsidiaries shall not have guaranteed any third-party Indebtedness of any
Domestic Subsidiary, (1) each SPV and, so long as MSSCo shall not be a
Wholly-Owned Subsidiary of the Company, Suspension Holdings and MSSCo shall not
be required to execute and deliver a Guaranty and (2) no other Subsidiary that
is not a Wholly-Owned Subsidiary of the Company shall be required to execute and
deliver a Guaranty to the extent the organizational documents of such Subsidiary
do not permit such Subsidiary to provide an unconditional guaranty of the
Secured Obligations (or require the consent of a third-party therefor).

        (L)        Collateral Documentation

        (i)        The Company will cause, and will cause each Subsidiary
Guarantor to cause, all of its owned Property (or, in the case of any Foreign
Subsidiary Guarantor, the Applicable Pledge Percentage of the issued and
outstanding Capital Stock of the Pledge Subsidiaries owned thereby and all
intercompany notes payable thereto) to be subject at all times to first
priority, perfected security interests in favor of the Administrative Agent for
the benefit of the Holders of Secured Obligations to secure the Secured
Obligations in accordance with the terms and conditions of the Collateral
Documents, subject in any case to Liens permitted by Section 7.3(F) hereof and
to the delivey of such documentation following the Closing Date as the Company
and the Administrative Agent shall agree in writing. Without limiting the
generality of the foregoing, the Company will (a) cause the Applicable Pledge
Percentage of the issued and outstanding Capital Stock of each Pledge Subsidiary
directly owned by the Company or any other Loan Party to be subject at all times
to a first priority, perfected security interest in favor of the

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Administrative Agent to secure the Secured Obligations in accordance with the
terms and conditions of the Collateral Documents or such other security
documents as the Administrative Agent shall reasonably request and (b) will, and
will cause each Domestic Subsidiary Guarantor to, deliver Mortgages and Mortgage
Instruments with respect to each Initial Mortgaged Property and each other item
of real Property of the Company or such Domestic Subsidiary Guarantor as the
Administrative Agent shall reasonably request, in each case within such time
period as is reasonably required by the Administrative Agent. Notwithstanding
the foregoing, (a) no such Mortgages and Mortgage Instruments are required to be
delivered hereunder prior to September 30, 2006 or such later date as the
Administrative Agent may agree in the exercise of its reasonable discretion with
respect thereto, (b) the Collateral shall not be required to include the Capital
Stock of any Joint Venture to the extent the organizational documents of such
Joint Venture do not permit the applicable Loan Party to pledge the Capital
Stock of such Joint Venture as security for the Secured Obligations (or require
the consent of another Venturer therefor) and (c) Emissions Technologies shall
not be required to execute and deliver any Collateral Documents under this
Section 7.2(L)(i) prior to the date on which it shall become a Subsidiary
Guarantor pursuant to Section 7.2(K)(iv).

        (ii)        In furtherance of the foregoing, the Company shall, and
shall cause each Subsidiary Guarantor to, upon the request of the Administrative
Agent in its sole discretion, execute and delivery a pledge agreement with
respect to the Applicable Pledge Percentage of the issued and outstanding
Capital Stock of any Foreign Subsidiary specified by the Administrative Agent,
which pledge agreement shall be governed by the law of the jurisdiction of
organization of such Foreign Subsidiary, together with resolutions, officer’s
certificates, opinions of counsel and such other authorizing documentation as
the Administrative Agent may reasonably request, in each case, within such time
period as is reasonably required by the Administrative Agent.

        (iii)        Subject to Section 7.3(K)(ii), following the date upon
which (a) the Company shall have initially achieved Single Investment Grade
Status after the Closing Date and (b) the Term Loan shall have been repaid in
full in immediately available funds (1) the Administrative Agent shall be
authorized to, and shall promptly, execute and deliver to, the Company such
documentation as the Company may reasonably request in order to release each
Loan Party from the Collateral Documents and (2) the provisions of the first
sentence of Section 7.2(L)(i) shall thereafter cease to be in effect. If at any
time after such release, the Company achieves Springing Lien Status, the Loan
Parties shall promptly comply with Section 7.2(L)(i) and the previous sentence
shall thereafter cease to be in effect for the remaining term of this Agreement.

        7.3.       Negative Covenants.

        (A)        Indebtedness. The Company will not, and will not permit any
of its Subsidiaries to, directly or indirectly, create, incur, assume or suffer
to exist any Indebtedness, except for:

         (i)        Permitted Existing Indebtedness and Permitted Refinancing
Indebtedness with respect thereto;

         (ii)        Obligations pursuant to the Loan Documents;

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         (iii)        Indebtedness arising from intercompany loans and advances
owing by (a) the Company to any Subsidiary or (b) by any Subsidiary to the
Company or any other Subsidiary; provided, that all such Indebtedness owing by
the Company or any Domestic Subsidiary Guarantor to any Foreign Subsidiary shall
be unsecured;

         (iv)        Receivables Facility Attributed Indebtedness arising in
connection with a Permitted Domestic Receivables Financing;

         (v)        Indebtedness secured by Liens permitted by Section
7.3(F)(xvi);

         (vi)        Secured Indebtedness of the Company or any Domestic
Subsidiary Guarantor not otherwise permitted under this Section 7.3(A) in an
aggregate outstanding principal amount not to exceed $25,000,000 at any time;

         (vii)        (a) Indebtedness of any Foreign Subsidiary not otherwise
permitted under this Section 7.3(A) and (b) Receivables Facility Attributed
Indebtedness arising in connection with Permitted Foreign Receivables
Financings; provided, that the sum of (1) the outstanding principal amount of
the Indebtedness incurred pursuant to the foregoing clause (a) plus (2) the
amount of the Receivables Facility Attributed Indebtedness incurred pursuant to
the foregoing clause (b) shall not exceed $250,000,000 at any time;

         (viii)        Receivables Facility Attributed Indebtedness arising in
connection with Foreign Factoring Transactions; and

         (ix)        Unsecured Indebtedness of the Company or any Domestic
Subsidiary Guarantor incurred pursuant to an agreement with one or more banks or
other lending institutions in an aggregate outstanding principal amount not to
exceed $150,000,000 at any time; provided, that (a) such Indebtedness matures on
or prior to the date six months prior to the Revolving Loan Termination Date and
(b) immediately prior and after giving effect to the incurrence of such
Indebtedness, the Company is in pro forma compliance (calculated on a basis
reasonably acceptable to the Administrative Agent) with Section 7.4 (it being
understood and agreed that any Indebtedness incurred hereunder to any Lender or
any Affiliate of any Lender shall not constitute Obligations or Treasury
Obligations);

         (x)        Unsecured Indebtedness of the Company or any Domestic
Subsidiary Guarantor not otherwise permitted under Section 7.3(A); provided,
that (a) such Indebtedness matures no earlier than six months after the later of
the Revolving Loan Termination Date and the Term Loan Maturity Date and (b)
immediately prior and after giving effect to the incurrence of such
Indebtedness, the Company is in pro forma compliance (calculated on a basis
reasonably acceptable to the Administrative Agent) with Section 7.4;

provided, that no additional Indebtedness shall be incurred by the Company under
the 1990 Senior Note Indenture after the Closing Date.

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        (B)        Merger. Without limiting the provisions of Section 7.3(G),
the Company will not, nor will it permit any Subsidiary to, merge or consolidate
with or into any other Person, except that:

         (i)        Any Subsidiary may merge or consolidate with the Company
(provided, that the Company shall be the surviving corporation), with the
Subsidiary Borrower (provided, that such Subsidiary Borrower shall be the
surviving entity) or with one or more other Subsidiaries (provided, that in the
case of any such merger or consolidation involving any Subsidiary Guarantor, the
surviving entity shall be such Subsidiary Guarantor); and

         (ii)        The Company may merge or consolidate with any other entity;
provided, that the Company shall be the surviving corporation and that after
giving effect thereto no Default or Unmatured Default shall exist and be
continuing.

        (C)        Sale of Assets. The Company will not, nor will it permit any
Subsidiary to, consummate any Asset Sale after the Closing Date other than an
Asset Sale which (i) is not for less than fair market value (as determined in
good faith by the management or board of directors of the Company or such
Subsidiary, as applicable), (ii) generates proceeds that, in the aggregate with
the proceeds of all such other Asset Sales during the then current fiscal year,
do not exceed fifteen percent (15%) of the aggregate book value of the Company’s
Consolidated Assets as of the end of the fiscal quarter immediately preceding
the initial Asset Sale consummated after the Closing Date and (iii) generates
proceeds that, in the aggregate with the proceeds of all such other Asset Sales
during the period from the Closing Date to the date of such proposed
transaction, do not exceed twenty-five percent (25%) of the aggregate book value
of the Company’s Consolidated Assets as of the end of the fiscal quarter
immediately preceding the initial Asset Sale consummated after the Closing Date.
Notwithstanding the foregoing, the proceeds of any such Asset Sales by the
Company or any Domestic Subsidiary Guarantor, to the extent permitted in the
foregoing sentence, shall not exceed seven and a half percent (7.5%) of the
aggregate book value of the Company’s Consolidated Assets as of the end of the
fiscal quarter immediately preceding the initial Asset Sale consummated after
the Closing Date.

        (D)        Conduct of Business. The Company will not, nor will it permit
any Subsidiary to, engage in any business other than the businesses engaged in
by the Company or such Subsidiaries on the date hereof and any business or
activities which are reasonably similar, related or incidental thereto or
logical extensions thereof.

        (E)        Investments. The Company will not, nor will it permit any
Subsidiary to, make or suffer to exist any Investments (including, without
limitation, loans and advances to, and other Investments in, Subsidiaries), or
commitments therefor, except:

         (i)        Existing Investments in Subsidiaries and other Investments
in existence on the Closing Date and described in Schedule 7.3(E), and any
renewal or extension of any such Investments that does not increase the amount
of the Investment being renewed or extended as determined as of such date of
renewal or extension;

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         (ii)        (a) Investments by the Company or any Subsidiary in the
Company or any Domestic Subsidiary Guarantor, (b) Investments by any Foreign
Subsidiary in the Subsidiary Borrower or any Foreign Subsidiary Guarantor, (c)
Investments by any Foreign Subsidiary Non-Guarantor in any other Foreign
Subsidiary Non-Guarantor, (d) Investments permitted under Section 7.3(A)(iii)
and (e) additional Investments by the Company or any Domestic Subsidiary
Guarantor in Foreign Subsidiaries in an outstanding amount not to exceed at any
time the sum of (1) $200,000,000 and (2) the Foreign Reinvestment Amount at such
time;

         (iii)        Investments comprised of capital contributions (whether in
the form of cash, a note or other assets) to an SPV or other Subsidiary or
otherwise resulting from transfers of assets permitted hereunder to such SPV or
other Subsidiary, in either case, in connection with a Permitted Receivables
Financing;

         (iv)        Investments constituting Permitted Acquisitions;

         (v)        Cash Equivalent Investments;

         (vi)        Investments in trade receivables or received in connection
with the bankruptcy or reorganization of suppliers and customers and in
settlement of delinquent obligations of, and other disputes with, customers and
suppliers arising in the ordinary course of business;

         (vii)        Investments consisting of deposit accounts maintained by
the Company and its Subsidiaries in the ordinary course of business in
connection with its cash management system; and

         (viii)        Investments (other than any Investment of a type
described in the foregoing clauses (i)-(vii)) in an aggregate amount not to
exceed, at any time, seven and one-half percent (7.5%) of the Company’s
Consolidated Assets as of the end of the most recently completed fiscal quarter.

        (F)        Liens. The Company will not, nor will it permit any
Subsidiary to, create, incur, or suffer to exist any Lien in, of or on the
Property of the Company or any of its Subsidiaries, except:

        (i)        Liens on assets of the Company and its Subsidiaries as of the
Closing Date identified as such on Schedule 7.3(F);

         (ii)        Liens for taxes, assessments or governmental charges or
levies on its Property (excluding Environmental Liens or Liens in favor of the
PBGC) if (x) the same shall not at the time be delinquent or thereafter can be
paid without penalty, or are being contested in good faith and by appropriate
proceedings, and (y) adequate reserves therefor are being maintained in
accordance with Agreement Accounting Principles;

         (iii)        Liens imposed by law, such as carriers’, warehousemen’s
and mechanics’ liens and other similar liens arising in the ordinary course of
business which secure payment of obligations not more than 60 days past due;

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         (iv)        Liens arising out of pledges or deposits under worker’s
compensation laws, unemployment insurance, old age pensions, or other social
security or retirement benefits, or similar legislation (excluding Liens in
favor of the PBGC);

         (v)        Utility easements, building restrictions and such other
encumbrances or charges against real property as are of a nature generally
existing with respect to properties of a similar character and which do not in
any material way affect the marketability of the same or interfere with the use
thereof in the business of the Company or the Subsidiaries;

         (vi)        Lessors’ interests under Capitalized Leases;

         (vii)        Judgment or other similar Liens arising in connection with
legal proceedings so long as (a) the execution or other enforcement thereof is
effectively stayed and the claims secured thereby are being contested in good
faith by appropriate proceedings and the Company or such Subsidiary, as the case
may be, has established appropriate reserves against such claims in accordance
with Agreement Accounting Principles and (b) such Liens do not constitute a
Default pursuant to Section 8.1(I);

         (viii)        Liens on assets of the Company or any Domestic Subsidiary
of the Company located in the United States of America securing secured
Indebtedness of the Company or such Subsidiary otherwise permitted under Section
7.3(A)(vi);

         (ix)        Liens on Property acquired after the Closing Date and
existing at the time of such acquisition (directly or indirectly) (other than
any such Lien created in contemplation of such acquisition); provided, that such
Liens shall extend only to the Property so acquired;

         (x)        Liens on the Property of a Person that is merged with or
into the Company or a Subsidiary or of a Person that becomes a Subsidiary after
the Closing Date (in each case to the extent such merger, Acquisition or
Investment is otherwise permitted by this Agreement); provided, that (a) such
Liens existed at the time such Person was so merged or became a Subsidiary and
were not created in anticipation of any such transaction, (b) any such Lien does
not by its terms cover any additional property or assets acquired after the time
such Person was so merged or became a Subsidiary, and (c) any such Lien does not
by its terms secure any Indebtedness other than Indebtedness existing
immediately prior to the time such Person was so merged or became a Subsidiary;

         (xi)        Liens resulting from the deposit of funds or evidences of
Indebtedness in trust for the purpose of defeasing Indebtedness of the Company
or any Subsidiary;

         (xii)        Bank setoff rights arising in the ordinary course of
business;

         (xiii)        Deposits or Liens to secure the performance (and not
securing any Indebtedness) of statutory obligations, surety and appeal bonds,
performance bonds and other obligations of like nature incurred in the ordinary
course of business;

         (xiv)        Liens arising under the Loan Documents;

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         (xv)        Liens on Receivables and Related Security arising in
connection with a Permitted Receivables Financing or a Foreign Factoring
Transaction;

         (xvi)        Liens on any specific fixed asset securing Indebtedness
incurred or assumed for the purpose of financing or refinancing all or any part
of the cost of acquiring or constructing such asset; provided, that such Lien
(a) extends only to the asset then being acquired or constructed and (b)
attaches to such asset concurrently with or within six (6) months after the
acquisition or completion or construction thereof;

         (xvii)       Any extension, renewal or replacement (or successive
extension, renewal, or replacement) in whole or in part, of any Lien referred to
in the foregoing clauses (i) through (xvi) inclusive; provided, however, that
the principal amount of Indebtedness secured thereby shall not exceed the
principal amount of Indebtedness so secured at the time of such extension,
renewal or replacement, and that such extension, renewal or replacement shall be
limited to all or a part of the property which secured the Lien so extended,
renewed or replaced (plus improvements on such property);

         (xviii)        Deposit arrangements and pledges of cash or cash
equivalents that secure only Hedging Obligations otherwise permitted hereunder;
and

         (xix)        Liens on assets of any Foreign Subsidiary of the Company
located outside the United States of America securing Indebtedness of such
Subsidiary permitted under Section 7.3(A)(vii)(a);

provided, that the Company will not, and will not permit any Subsidiary to,
grant any Lien on any Property constituting ” 1998 Restricted Collateral” (as
defined in the Pledge and Security Agreement as in effect on the Closing Date)
other than as security for the Secured Obligations pursuant to the Loan
Documents.

In addition, neither the Company nor any of its Subsidiaries shall be or become
a party to any agreement, note, indenture or other instrument, or take any other
action, which would prohibit the creation of, or require any equal and ratable
sharing of, a Lien on any of its properties or other assets in favor of the
Agents, the Issuing Bank, the Swing Line Bank and the Lenders, as collateral for
the Secured Obligations; provided, that (a) any agreement, note, indenture or
other instrument in connection with purchase money Indebtedness (including
Capitalized Leases) permitted hereunder may prohibit the creation of a Lien in
favor thereof on the items of property obtained with the proceeds of such
purchase money Indebtedness, (b) the SunTrust Synthetic Lease Documents may
prohibit the creation of a Lien in favor thereof solely on the items of property
subject to the SunTrust Synthetic Lease Documents on the Closing Date or
incidental or related thereto, (c) the documents evidencing a Permitted
Receivables Financing or a Foreign Factoring Transaction may prohibit the
creation of a Lien with respect to all of the assets of the related SPV, if any,
and with respect to the Receivables and Related Security subject to such
transaction in favor thereof as collateral for the Secured Obligations and (d)
each Senior Note Indenture may prohibit the creation of a Lien on certain fixed
assets, equity interests and indebtedness of the Company and its “Restricted
Subsidiaries” (as defined in the Senior Note Indentures) unless the holders of
the notes issued pursuant to such Senior Note Indenture shall be

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provided with an equal and ratable Lien on such assets, but solely to the extent
such prohibition is provided for in such Senior Note Indenture as in effect on
the Closing Date.

        (G)        Permitted Acquisitions. The Company will not, nor will it
permit any Subsidiary to, make any Acquisitions, other than Acquisitions meeting
the following requirements or otherwise approved by the Required Lenders (each
such Acquisition constituting a “Permitted Acquisition”):

         (i)        no Default or Unmatured Default shall have occurred and be
continuing or would result from such Acquisition or the incurrence of any
Indebtedness in connection therewith (including, without limitation, pursuant to
Section 7.2(K));

         (ii)        each representation and warranty contained in Article VI
shall be true and correct in all material respects at the time of such
Acquisition and after giving effect thereto (unless such representation and
warranty is made as of a specific date, in which case, such representation and
warranty shall be true and correct in all material respects as of such date);
and

         (iii)        not less than five (5) Business Days prior to each such
Acquisition, the Company shall deliver to the Administrative Agent and the
Lenders a certificate from a Designated Financial Officer demonstrating to the
reasonable satisfaction of the Administrative Agent that after giving effect to
such Acquisition and the incurrence of any Indebtedness permitted hereunder in
connection therewith, on a pro forma basis acceptable to the Administrative
Agent, but without giving effect to any projected synergies resulting from such
Acquisition, as if the Acquisition and such incurrence of Indebtedness had
occurred on the first day of the twelve-month period ending on the last day of
the Company’s most recently completed fiscal quarter for which financial
statements are publicly available, the Company would have been in compliance
with the covenants set forth in Sections 7.3 and 7.4 and not otherwise in
Default; provided, that notwithstanding the terms of Section 7.4(A), the Company
shall be required to demonstrate that the Debt Ratio, as of the last day of such
twelve-month period (calculated on a pro forma consolidated basis as described
above), does not exceed (x) 4.00 to 1.00 on the last day of any fiscal quarter
from the Closing Date through and including the fiscal quarter ending on or
about June 30, 2008, (y) 3.75 to 1.00 on the last day of any fiscal quarter from
the fiscal quarter ending on or about September 30, 2008 through and including
the fiscal quarter ending on or about June 30, 2010 and (z) 3.50 to 1.00 on the
last day of any fiscal quarter thereafter; and

         (iv)        in the case of an Acquisition by the Company or the
Subsidiary Borrower of equity interests of an entity, (A) the acquired entity
shall be a Subsidiary of the Company or (B)(x) the acquired entity shall be
merged with and into the Company or the Subsidiary Borrower substantially
concurrently with such Acquisition, with the Company or the Subsidiary Borrower
being the surviving corporation with voting control following such merger and
(y) such merger shall otherwise comply with Section 7.3(B).

        (H)        Transactions with Affiliates and Joint Ventures. Except for
Permitted Related Party Transactions and Permitted Strategic Transactions, the
Company will not, nor will it permit any

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Subsidiary to, enter into any transaction (including, without limitation, the
purchase or sale of any Property or service) with, or make any payment or
transfer to, any Affiliate or Joint Venture except in the ordinary course of
business and pursuant to the reasonable requirements of the Company’s or such
Subsidiary’s business and upon fair and reasonable terms (taken as a whole) not
materially less favorable to the Company or the Company and its Subsidiaries
(taken as a whole) than would occur in a comparable arms-length transaction.

        (I)        Contingent Obligations. The Company will not, nor will it
permit any Subsidiary to, make or suffer to exist any Contingent Obligation
(including, without limitation, any Contingent Obligation with respect to the
obligations of a Subsidiary) in respect of any Indebtedness except in connection
with Indebtedness which if directly incurred by the Company or such Subsidiary,
as applicable, would not result in a violation of Sections 7.3(A) or 7.4.

        (J)        Sale and Leaseback. The Company will not, nor will it permit
any Subsidiary to, sell or transfer any property in order to concurrently or
subsequently lease as lessee such or similar property unless (i) the related
sale is permitted under Section 7.3(C), (ii) any related Investment is permitted
under Section 7.3(E), (iii) no Default or Unmatured Default shall have occurred
and be continuing as of the date of such transaction or would result therefrom
and (iv) the Property subject to such sale does not constitute “1998 Restricted
Collateral” (as defined in the Pledge and Security Agreement as in effect on the
Closing Date).

        (K)        Modifications to Other Indebtedness: No More Favorable Terms.

         (i)        Subordinated Indebtedness. The Company will not, nor will it
permit any Subsidiary to, make any amendment or modification to any indenture,
note or other agreement evidencing or governing any subordinated Indebtedness
(including, without limitation, the Preferred Capital Securities, but excluding
all Intercompany Indebtedness) or Disqualified Stock of the Company or its
Subsidiaries in a manner adverse to the Lenders.

         (ii)        No More Favorable Terms. Without in any way limiting the
foregoing provisions of this Section 7.3(K) or the requirements set forth in
Section 7.2(K)(ii), the Company will not, nor will it permit any Subsidiary to,
enter into or amend, restate, supplement or otherwise modify any indenture, note
or other agreement evidencing or governing any Indebtedness of the Company
having a principal amount (whether or not funded or committed) in excess of
$50,000,000 or any Senior Note Indenture that (a) contains any covenant binding
on the Company or any Subsidiary or any of their respective Property, (b)
contains any event of default causing, or permitting holders of such
Indebtedness to cause, such Indebtedness to become due prior to its stated
maturity, or (c) requires the Company or any Subsidiary to provide, or otherwise
gives any holder of any such Indebtedness the benefit of, a guaranty or
collateral pledge that, in the case of any of the foregoing clauses (a), (b) and
(c), is (x) not substantially provided for in this Agreement or the other Loan
Documents or (y) is more favorable to the holder of such Indebtedness than the
comparable covenant, default, guaranty or collateral pledge set forth in the
Loan Documents (collectively, a “More Favorable Term”), unless this Agreement
and/or any relevant Loan Document shall be amended or supplemented to provide
substantially the same covenant, default, guaranty or collateral pledge, as

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applicable, prior to the effectiveness of the More Favorable Term, except for
collateral pledges provided for in agreements governing Indebtedness secured by
Liens permitted under Sections 7.3(F) other than Section 7.3(F)(viii).

        (L)        Restricted Payments. The Company will not, nor will it permit
any Subsidiary to, declare or make any Restricted Payment; provided, that (i) so
long as no Default or Unmatured Default shall have occurred and be continuing at
the date of declaration or payment thereof (in the case of any dividend) or the
date of such repurchase (in the case of any share repurchase) or would result
therefrom, the Company may declare and pay cash dividends with respect to its
Capital Stock and repurchase shares of Capital Stock of the Company in
accordance with its future share repurchase program to the extent the sum of the
aggregate amount of such dividends and the aggregate purchase price of such
repurchases shall not exceed $40,000,000 in any fiscal year of the Company and
(ii) in addition to the foregoing, so long as no Default or Unmatured Default
shall have occurred and be continuing as of the date of such repurchase or would
result therefrom, the Company may repurchase shares of Capital Stock of the
Company in accordance with the Company’s future share repurchase program in
order to limit dilution thereof to the extent the aggregate purchase price with
respect to such repurchases shall not exceed $25,000,000 during the term of this
Agreement.

        (M)        Hedging Obligations. The Company will not, nor will it permit
any Subsidiary to, enter into any Hedging Arrangement other than Hedging
Arrangements entered into by the Company or such Subsidiary pursuant to which
the Company or such Subsidiary has hedged its reasonably estimated interest
rate, foreign currency or commodity exposure and which are non-speculative in
nature.

        (N)        Margin Regulations. The Company will not, nor will it permit
any Subsidiary to, use all or any portion of the proceeds of any credit extended
under this Agreement to purchase or carry Margin Stock.

        (O)        Restrictive Subsidiary Covenants. The Company will not, nor
will it permit any Subsidiary to, create or otherwise cause to become effective
any consensual encumbrance or restriction of any kind on the ability of any
Subsidiary to pay dividends or make any other distribution in respect of its
ownership interests or pay any Indebtedness or other Obligation owed to the
Company or any other Subsidiary, make loans or advances or other Investments in
the Company or any other Subsidiary, or sell, transfer or otherwise convey any
of its property to the Company or any other Subsidiary other than pursuant to
(i) applicable law, (ii) this Agreement or the other Loan Documents, (iii)
restrictions imposed by the holder of a Lien permitted by Section 7.3(F) and
(iv) restrictions imposed in a joint venture agreement on the ability of any
Subsidiary to pay dividends or make any other distribution in respect of its
ownership interests, the removal of which requires the consent of one or more of
the joint venture partners or the joint venture’s board of directors (but not
the consent of any third parties).

        (P)        Disqualified Stock. The Company will not, and will not permit
any Subsidiary to, issue or permit to remain outstanding any Disqualified Stock
(other than the Preferred Capital Securities).

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        7.4.        Financial Covenants.

        (A)        Debt Ratio. The Company shall not permit its Debt Ratio,
calculated on a consolidated basis for the Company and its Subsidiaries, to
exceed (i) 4.25 to 1.00 on the last day of any fiscal quarter from the Closing
Date through and including the fiscal quarter ending on or about June 30, 2008,
(ii) 4.00 to 1.00 on the last day of any fiscal quarter from the fiscal quarter
ending on or about September 30, 2008 through and including the fiscal quarter
ending on or about June 30, 2010 and (iii) 3.75 to 1.00 on the last day of any
fiscal quarter thereafter.

        (B)        Fixed Charge Coverage Ratio. The Company shall not permit its
Fixed Charge Coverage Ratio, calculated on a consolidated basis for the Company
and its Subsidiaries, to be less than 1.50 to 1.00 on the last day of any fiscal
quarter.

        7.5.        Tax Restructuring. Notwithstanding anything to the contrary
in this Article VII, the Company and its Subsidiaries may consummate the
transactions outlined on Schedule 7.5 hereof, including all interim non-material
steps necessary to achieve each such step and all non-material deviations from
such steps so long as (i) the Company provides the Administrative Agent with
prior written notice of each interim step and each deviation from such steps and
(ii) the Company delivers such Loan Documents, and within such time periods, as
are reasonably requested by the Administrative Agent in order to comply with
this Agreement. For purposes of this Section 7.5, a “non-material” step or
deviation shall mean any step or deviation, as reasonably determined by the
Administrative Agent and the Company, from the steps outlined in Schedule 7.5
hereto, that does not reduce the amount of security or recourse provided to the
Lenders under the Loan Documents.

ARTICLE VIII: DEFAULTS

        8.1.        Defaults. Each of the following occurrences shall constitute
a “Default” under this Agreement:

        (A)        Breach of Representation or Warranty. Any written
representation or warranty made or deemed made by or on behalf of the Company or
its Subsidiaries to the Lenders or the Agents in any Loan Document, in
connection with any Loan or Letter of Credit, or in any certificate or
information delivered in writing in connection with any Loan Document shall be
false in any material respect on the date as of which made.

        (B)        Failure to Make Payments When Due. Nonpayment of principal of
any Loan or Reimbursement Obligation when due; nonpayment of interest on any
Loan, commitment fees or L/C Fees, in each case within five days after the same
becomes due; or nonpayment of any other fees or any other obligations under any
of the Loan Documents within ten days after the same becomes due.

        (C)        Breach of Certain Covenants. The breach by any Borrower of
any of the terms or provisions of Sections 7.1, 7.2(A), 7.2(B), 7.2(C), 7.2(K),
7.2(L), 7.3 or 7.4.

        (D)        Other Defaults. The breach by any Borrower or any Subsidiary
Guarantor (other than a breach which constitutes a Default under another
provision of this Section 8.1) of any of the terms or provisions of this
Agreement or any other Loan Document which is not remedied

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within 30 days after the earlier of (i) the date on which any Authorized Officer
has actual knowledge thereof and (ii) the receipt of written notice from any
Agent or the Required Lenders.

        (E)        Default as to Other Indebtedness. Failure of the Company, the
Subsidiary Borrower or any other Subsidiary to pay when due any Material
Indebtedness; or the default by the Company, the Subsidiary Borrower or any
other Subsidiary in the performance of any term, provision or condition
contained in any Material Indebtedness Agreement, or any other event shall occur
or condition exist, the effect of which default, event or condition is to cause,
or to permit the holder(s) of such Material Indebtedness to cause such Material
Indebtedness to become due prior to its stated maturity; or any Material
Indebtedness of the Company, the Subsidiary Borrower or any other Subsidiary
shall be declared to be due and payable or required to be prepaid or repurchased
(other than by a regularly scheduled payment) prior to the stated maturity
thereof; or the Company, the Subsidiary Borrower or any other Subsidiary shall
not pay, or admit in writing its inability to pay, its debts generally as they
become due.

        (F)        Voluntary Bankruptcy; Appointment of Receiver, Etc. The
Company or any of its Subsidiaries (but excluding any Immaterial Subsidiary)
shall (i) have an order for relief entered with respect to it under the United
States bankruptcy laws as now or hereafter in effect or cause or allow any
similar event to occur under any bankruptcy or similar law or laws for the
relief of debtors as now or hereafter in effect in any other jurisdiction, (ii)
make an assignment for the benefit of creditors, (iii) apply for, seek, consent
to, or acquiesce in, the appointment of a receiver, custodian, trustee,
examiner, liquidator, monitor or similar official for it or any substantial part
of its Property, (iv) institute any proceeding seeking an order for relief under
the United States bankruptcy laws as now or hereafter in effect or seeking to
adjudicate it a bankrupt or insolvent, or seeking dissolution, winding up,
liquidation, reorganization, arrangement, adjustment or composition of it or any
of its Property or its debts under any law relating to bankruptcy, insolvency or
reorganization or compromise of debt or relief of debtors as now or hereafter in
effect in any jurisdiction including, without limitation, any organization,
arrangement or compromise of debt under the laws of its jurisdiction of
incorporation, or fail to file an answer or other pleading denying the material
allegations of any such proceeding filed against it, (v) take any corporate
action to authorize or effect any of the foregoing actions set forth in this
Section 8.1(F) or (vi) fail to contest in good faith any appointment or
proceeding described in Section 8.1(G).

        (G)        Involuntary Bankruptcy; Appointment of Receiver, Etc. Without
its application, approval or consent, a receiver, trustee, examiner, liquidator
or similar official shall be appointed for the Company or any Subsidiary (but
excluding any Immaterial Subsidiary) or for any substantial part of its
Property, or a proceeding described in Section 8.1(F)(iv) shall be instituted
against the Company or any Subsidiary (but excluding any Immaterial Subsidiary)
and such appointment continues undischarged or such proceeding continues
undismissed or unstayed for a period of 60 consecutive days.

        (H)        Condemnation; Seizure. Any court, government or governmental
agency shall condemn, seize or otherwise appropriate, or take custody or control
of, all or any substantial portion of the Property of the Company or any
Subsidiary (but excluding any Immaterial Subsidiary) taken as a whole.

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        (I)        Judgments. The Company, the Subsidiary Borrower or any other
Subsidiary shall fail within 30 days to pay, bond or otherwise discharge one or
more judgments or orders for the payment of money, the total amount of which for
the Company, the Subsidiary Borrower and/or any other Subsidiary exceeds
$35,000,000, which are not stayed on appeal.

        (J)        Environmental. The Company or any of its Subsidiaries shall
(i) be the subject of any proceeding or investigation pertaining to the release
by the Company, any of its Subsidiaries or any other Person of any toxic or
hazardous waste or substance into the environment or (ii) violate any
Environmental Law, which, in the case of an event described in the foregoing
clause (i) or (ii), could reasonably be expected to result in liability,
individually or in the aggregate, having a Material Adverse Effect.

        (K)        Enforceability. Any Loan Document shall fail to remain in
full force or effect against the Company or any Subsidiary or any action shall
be taken or shall fail to be taken to discontinue or to assert the invalidity or
unenforceability of, or which results in the discontinuation or invalidity or
unenforceability of, any Loan Document.

        (L)        Loan Party Revocation. Any Loan Party shall terminate or
revoke any of its obligations under a Loan Document (other than as expressly
permitted hereunder).

        (M)        Change in Control. The occurrence of any Change in Control.

        (N)        ERISA and Foreign Plans. The Company shall (i) permit to
exist any accumulated funding deficiency (as defined in Sections 302 of ERISA
and 412 of the Code), with respect to any Benefit Plan, whether or not waived,
(ii) fail, or permit any Controlled Group member to fail, to pay any required
installment or any other payment required under Section 412 of the Code on or
before the due date for such installment or other payment, or (iii) permit a
Termination Event to occur, except where such transactions, events,
circumstances, or failures could not, individually or in the aggregate,
reasonably be expected to result in liability to the Company or any of its
Subsidiaries having a Material Adverse Effect.

        (O)        Collateral. Any Collateral Document shall for any reason fail
to create a valid and perfected first priority security interest in any
Collateral (with an aggregate book value in excess of $10,000,000) purported to
be covered thereby, which failure is not remedied within five (5) days after the
earlier of (i) the date on which any Authorized Officer has actual knowledge
thereof and (ii) the receipt of written notice from any Agent or the Required
Lenders.

        A Default shall be deemed “continuing” until cured or until waived in
writing in accordance with Section 9.3.

ARTICLE IX: ACCELERATION; WAIVERS, AMENDMENTS AND REMEDIES

        9.1.        Termination of Revolving Loan Commitments; Acceleration.

        (A)        If any Default described in Section 8.1(F) or 8.1(G) occurs,
the obligations of the Revolving Loan Lenders to make Revolving Loans hereunder
and the obligation of the Issuing Bank to issue Letters of Credit hereunder
shall automatically terminate and the Obligations shall immediately become due
and payable without any election or action on the part of the

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Administrative Agent, the Issuing Bank or any Lender and the Borrowers will be
and become thereby unconditionally obligated, without any further notice, act or
demand, to pay to the Administrative Agent an amount in each Agreed Currency, in
immediately available funds, equal to the difference of (x) one hundred five
percent (105%) of the amount of L/C Obligations denominated in such Agreed
Currency at such time, less (y) the amount of such Agreed Currency on deposit in
the L/C Collateral Account at such time which is free and clear of all rights
and claims of third parties and has not been applied against the Obligations
(such difference, in the aggregate for all Agreed Currencies, the “Collateral
Shortfall Amount”), which funds shall be held in the L/C Collateral Account. If
any other Default occurs, (a) the Administrative Agent may, and at the request
of Required Revolving Loan Lenders shall, terminate or suspend the obligations
of the Revolving Loan Lenders to make Revolving Loans hereunder and the
obligation of the Issuing Bank to issue Letters of Credit hereunder and (b) the
Administrative Agent may, and at the request of the Required Lenders shall, (i)
declare the Obligations to be due and payable, whereupon the Obligations shall
become immediately due and payable, without presentment, demand, protest or
notice of any kind, all of which each Borrower expressly waives, and (ii) upon
notice to the Borrowers and in addition to the continuing right to demand
payment of all amounts payable under this Agreement, make demand on the
Borrowers to pay, and the Borrowers will, forthwith upon such demand and without
any further notice or act, pay to the Administrative Agent the Collateral
Shortfall Amount, which funds shall be deposited in the L/C Collateral Account.

        (B)        If at any time while any Default is continuing, the
Administrative Agent determines that the Collateral Shortfall Amount at such
time is greater than zero, the Administrative Agent may make demand on the
Borrowers to pay, and the Borrowers will, forthwith upon such demand and without
any further notice or act, pay to the Administrative Agent the Collateral
Shortfall Amount, which funds shall be deposited in the L/C Collateral Account.
At any time while any Default is continuing, none of the Borrowers nor any
Person claiming on behalf of or through any Borrower shall have any right to
withdraw any of the funds held in the L/C Collateral Account.

        (C)        If at any time following any deposit of funds into the L/C
Collateral Account pursuant to clause (A) or (B) of this Section 9.1 the Default
giving rise to such obligation to deposit cash collateral shall be cured, waived
otherwise cease to be continuing and no other Default or any Unmatured Default
shall then have occurred and be continuing, the Administrative Agent shall
determine the Net Aggregate Revolving Credit Exposure at such time and release
and disburse funds from the L/C Collateral Account to the Borrowers to the
extent required pursuant to Section 2.4(B)(iii).

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        (D)        If, after acceleration of the maturity of the Obligations or
termination of the obligations of the Revolving Loan Lenders to make Revolving
Loans and the obligation and power of the Issuing Bank to issue Letters of
Credit hereunder as a result of any Default (other than any Default as described
in Section 8.1(F) or (G)) and before any judgment or decree for the payment of
the Obligations due shall have been obtained or entered, the Required Lenders
(in the case of any such acceleration) or Required Revolving Loan Lenders (in
the case of any such termination) (in each case, in their sole discretion) shall
so direct, the Administrative Agent shall, by notice to the Borrowers, rescind
and annul such acceleration and/or termination.

        9.2.        Preservation of Rights. No delay or omission of the Lenders,
the Issuing Bank or the Administrative Agent to exercise any right under the
Loan Documents shall impair such right or be construed to be a waiver of any
Default or an acquiescence therein, and the making of a Loan or the issuance of
a Letter of Credit notwithstanding the existence of a Default or the inability
of the Company to satisfy the conditions precedent to such Loan or issuance of
such Letter of Credit shall not constitute any waiver or acquiescence. Any
single or partial exercise of any such right shall not preclude other or further
exercise thereof or the exercise of any other right, and no waiver, amendment or
other variation of the terms, conditions or provisions of the Loan Documents
whatsoever shall be valid unless in writing signed by the Lenders required
pursuant to Section 9.3, and then only to the extent in such writing
specifically set forth. All remedies contained in the Loan Documents or by law
afforded shall be cumulative and all shall be available to the Administrative
Agent, the Issuing Bank and the Lenders until the Obligations have been paid in
full in cash.

        9.3.        Amendments. Subject to the provisions of this Article IX,
the Required Lenders (or the Administrative Agent with the consent in writing of
the Required Lenders) and the Company may enter into agreements supplemental
hereto for the purpose of adding or modifying any provisions to the Loan
Documents or changing in any manner the rights of the Lenders or the Company
hereunder or waiving any Default hereunder; provided, however, that no such
supplemental agreement shall, without the consent of each Lender (which is not a
defaulting Lender) affected thereby:

         (i)        Postpone or extend the Revolving Loan Termination Date, the
Term Loan Maturity Date or any other date fixed for any payment of principal of,
or interest on, the Loans, the Reimbursement Obligations or any fees or other
amounts payable to such Lender or extend the expiry date of any Letter of Credit
to a date after the Revolving Loan Termination Date;

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         (ii)        Reduce the principal amount, or amortization, of any Loans
or Reimbursement Obligations, or reduce the rate or extend the time of payment
of interest or fees thereon; provided, however, that (a) modifications to the
provisions relating to prepayments of Loans and other Obligations and (b) a
waiver or other modification of the application of the default rate of interest
pursuant to Section 2.10 hereof shall, in each case, only require the approval
of the Required Lenders;

         (iii)        Reduce the percentage specified in the definition of
Required Lenders, Required Revolving Loan Lenders or any other percentage of
Lenders specified to be the applicable percentage in this Agreement to act on
specified matters or amend the definitions of “Required Lenders”, “Required
Revolving Loan Lenders” or “Pro Rata Share”;

         (iv)        Increase the amount of the Revolving Loan Commitment or
Term Loan Commitment of any Lender hereunder or increase any Lender’s Pro Rata
Share;

         (v)        Permit any Borrower to assign its rights under this
Agreement;

         (vi)        Other than pursuant to a transaction permitted by the terms
of this Agreement, release any guarantor from its obligations under its
respective Guaranty or release all or substantially all of the Collateral; or

         (vii)        Amend this Section 9.3.

No amendment of any provision of this Agreement relating to (a) the
Administrative Agent shall be effective without the written consent of the
Administrative Agent, (b) Swing Line Loans shall be effective without the
written consent of the Swing Line Bank and (c) the Issuing Bank shall be
effective without the written consent of the Issuing Bank. The Administrative
Agent may waive payment of the fee required under Section 13.3(C) without
obtaining the consent of any of the Lenders.

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ARTICLE X: GENERAL PROVISIONS

        10.1.        Survival of Representations. All representations and
warranties of the Company contained in this Agreement shall survive delivery of
this Agreement and the making of the Loans herein contemplated so long as any
principal, accrued interest, fees, or any other amount due and payable under any
Loan Document is outstanding and unpaid (other than contingent reimbursement and
indemnification obligations).

        10.2.        Governmental Regulation. Anything contained in this
Agreement to the contrary notwithstanding, no Lender shall be obligated to
extend credit to any Borrower in violation of any limitation or prohibition
provided by any applicable statute or regulation.

        10.3.        Accounting. Except as provided to the contrary herein, all
accounting terms used in the calculation of any financial covenant or test shall
be interpreted and all accounting determinations hereunder in the calculation of
any financial covenant or test shall be made in accordance with Agreement
Accounting Principles. If, subsequent to the Closing Date, any changes in
generally accepted accounting principles as in effect in the United States of
America are required or permitted and are adopted by the Company or any of its
Subsidiaries with the agreement of its independent certified public accountants
and such changes result in a change in the method of calculation of any of the
financial covenants set forth in Section 7.4 or any other financial test set
forth in this Agreement or in the related definitions or terms used therein
(“Accounting Changes”), the parties hereto agree, at the Company’s request, to
enter into negotiations, in good faith, in order to amend such provisions in a
credit neutral manner so as to reflect equitably such changes with the desired
result that the criteria for evaluating the Company’s and its Subsidiaries’
financial condition shall be the same after such changes as if such changes had
not been made; provided, however, that until such provisions are amended in a
manner reasonably satisfactory to the Administrative Agent and the Required
Lenders, no Accounting Change shall be given effect in such calculations. In the
event such amendment is entered into, all references in this Agreement to
Agreement Accounting Principles in connection with the financial covenants set
forth in Section 7.4 and each other financial test set forth in this Agreement
shall mean generally accepted accounting principles as in effect in the United
States of America as of the Closing Date but giving effect to the relevant
Accounting Changes, subject to further modification in accordance with this
Section 10.3.

        10.4.        Headings. Section headings in the Loan Documents are for
convenience of reference only, and shall not govern the interpretation of any of
the provisions of the Loan Documents.

        10.5.        Entire Agreement. The Loan Documents embody the entire
agreement and understanding among the Borrowers, the Administrative Agent and
the Lenders and supersede all prior agreements and understandings among the
Borrowers, the Administrative Agent and the Lenders relating to the subject
matter thereof other than any prior agreements and understandings that are
expressly stated to survive the effectiveness hereof.

        10.6.        Several Obligations; Benefits of this Agreement. The
respective obligations of the Lenders hereunder are several and not joint and no
Lender shall be the partner or agent of any other Lender (except to the extent
to which the Administrative Agent is authorized to act as

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such). The failure of any Lender to perform any of its obligations hereunder
shall not relieve any other Lender from any of its obligations hereunder. This
Agreement shall not be construed so as to confer any right or benefit upon any
Person other than the parties to this Agreement and their respective successors
and assigns.

        10.7.        Expenses; Indemnification.

        (A)        Expenses. The Borrowers shall reimburse the Administrative
Agent and the Arrangers for any reasonable costs and out-of-pocket expenses
(including reasonable attorneys’ and paralegals’ fees and time charges of
outside counsel and paralegals for the Administrative Agent) paid or incurred by
the Administrative Agent or the Arrangers in connection with the preparation,
negotiation, execution, delivery, syndication, review, amendment, modification,
distribution (including, without limitation, via the internet) and
administration of the Loan Documents, including (without limiting the generality
of the foregoing), consultant’s fees and expenses (provided, so long as no
Default or Unmatured Default has occurred and is continuing, such consultant is
engaged with the consent of the Company). The Borrowers also agree to reimburse
the Administrative Agent, the Arrangers and the Lenders for any reasonable costs
and out-of-pocket expenses (including reasonable attorneys’ and paralegals’ fees
and time charges of outside counsel and paralegals for the Administrative Agent,
the Arrangers and the Lenders) paid or incurred by the Administrative Agent, the
Arrangers or any Lender in connection with the collection of the Secured
Obligations and protection of rights under, and enforcement of, the Loan
Documents, including any such expenses incurred during any workout,
restructuring or negotiations in respect of any of the Secured Obligations.

        (B)        Indemnity. The Borrowers further agree to defend, protect,
indemnify and hold harmless the Administrative Agent, each Syndication Agent,
each Documentation Agent, each Arranger, each Lender and the Issuing Bank and
each of their respective Affiliates, and each of such Agents’, Arrangers’,
Lenders’, Issuing Bank and Affiliates’ respective officers, directors, trustees,
investment advisors, employees, attorneys and agents (collectively, the
“Indemnitees”), based upon its obligations, from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
claims, costs, expenses of any kind or nature whatsoever (including, without
limitation, the fees and disbursements of outside counsel for such Indemnitees
in connection with any investigative, administrative or judicial proceeding,
whether or not such Indemnitees shall be designated a party thereto), imposed
on, incurred by or asserted against such Indemnitees in any manner relating to
or arising out of this Agreement or any of the other Loan Documents, or any act,
event or transaction related or attendant thereto or to the making of the Loans,
and the issuance of and participation in Letters of Credit hereunder, the
management of such Loans or Letters of Credit, the use or intended use of the
proceeds of the Loans or Letters of Credit hereunder, or any of the other
transactions contemplated by the Loan Documents, or any liabilities,
obligations, responsibilities, losses, damages, personal injury, death, punitive
damages, economic damages, consequential damages, treble damages, intentional,
willful or wanton injury, damage or threat to the environment, natural resources
or public health or welfare, costs and expenses (including, without limitation,
attorney, expert and consulting fees and costs of investigation, feasibility or
remedial action studies), fines, penalties and monetary sanctions, interest,
direct or indirect, known or unknown, absolute or contingent, past, present or
future relating to violation of any Environmental Laws arising from or in
connection with the past, present or future operations of the Company, its
Subsidiaries or any of

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their respective predecessors in interest, or, the past, present or future
environmental, health or safety condition of any respective property of the
Company or its Subsidiaries, the presence of asbestos-containing materials at
any respective property of the Company or its Subsidiaries or the Release or
threatened Release of any Contaminant into the environment (collectively, the
“Indemnified Matters”); provided, however, the Borrowers shall not have any
obligation to an Indemnitee hereunder with respect to Indemnified Matters to the
extent found in a final non-appealable judgment by a court of competent
jurisdiction to have arisen from the willful misconduct or gross negligence of
such Indemnitee with respect to the Loan Documents. If the undertaking to
indemnify, pay and hold harmless set forth in the preceding sentence may be
unenforceable because it is violative of any law or public policy, each Borrower
shall contribute the maximum portion which it is permitted to pay and satisfy
under applicable law, to the payment and satisfaction of all Indemnified Matters
incurred by the Indemnitees.

        (C)        Waiver of Certain Claims; Settlement of Claims. Each Borrower
further agrees to assert no claim against any of the Indemnitees on any theory
of liability seeking consequential, special, indirect, exemplary or punitive
damages. No settlement shall be entered into by the Company or any of its
Subsidiaries with respect to any claim, litigation, arbitration or other
proceeding relating to or arising out of the transactions evidenced by this
Agreement and the other Loan Documents unless such settlement releases all
Indemnitees from any and all liability with respect thereto.

        (D)        Survival of Agreements. The obligations and agreements of the
Borrowers under this Section 10.7 and each other provision hereunder or in any
other Loan Document whereby the Company or any of its Subsidiaries agrees to
reimburse or indemnify any Holder of Secured Obligations shall survive the
termination of this Agreement.

        10.8.        Numbers of Documents. All statements, notices, closing
documents and requests hereunder (other than (i) notices described in the first
sentence of Section 2.15 and (ii) notices and other communications delivered to
the Administrative Agent and the Lenders by electronic communication in
accordance with Section 14.1(B)) shall be furnished to the Administrative Agent
with sufficient counterparts so that the Administrative Agent may furnish one to
each of the Lenders.

        10.9.        Confidentiality. Each Lender agrees to hold any
confidential information which it may receive from the Company or any of its
Subsidiaries pursuant to this Agreement in confidence, except for disclosure (i)
to its Affiliates and to other Lenders and their respective Affiliates, (ii) to
legal counsel, accountants and other professional advisors to such Lender or to
a Transferee, (iii) to regulatory officials, (iv) to any Person as requested
pursuant to or as required by law, regulation or legal process, (v) to any
Person as may be required by law in connection with any legal proceeding to
which such Lender is a party, (vi) to such Lender’s direct or indirect
contractual counterparties in interest rate swap agreements or credit derivative
transactions relating to the Loans or to legal counsel, accountants and other
professional advisors to such counterparties, (vii) as permitted by Section 13.4
and (viii) to rating agencies if requested or required by such agencies in
connection with a rating relating to the Advances hereunder.

EACH LENDER ACKNOWLEDGES THAT CONFIDENTIAL INFORMATION FURNISHED TO IT PURSUANT
TO THIS AGREEMENT MAY INCLUDE MATERIAL

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NON-PUBLIC INFORMATION CONCERNING THE COMPANY AND ITS RELATED PARTIES OR THEIR
RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES
REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE
SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND
APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE
COMPANY OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF
ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY
CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE COMPANY AND ITS AFFILIATES,
THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES) AND
ITS SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE COMPANY AND THE
ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE
A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL
NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND
APPLICABLE LAW.

AS USED IN THE FOREGOING TWO PARAGRAPHS, “RELATED PARTIES” MEANS, WITH RESPECT
TO ANY SPECIFIED PERSON, SUCH PERSON’S AFFILIATES AND THE RESPECTIVE DIRECTORS,
OFFICERS, EMPLOYEES, AGENTS AND ADVISORS OF SUCH PERSON AND SUCH PERSON’S
AFFILIATES.

        10.10.        Severability of Provisions. Any provision in any Loan
Document that is held to be inoperative, unenforceable, or invalid in any
jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or
invalid without affecting the remaining provisions in that jurisdiction or the
operation, enforceability, or validity of that provision in any other
jurisdiction, and to this end the provisions of all Loan Documents are declared
to be severable.

        10.11.        Nonliability of Lenders. The relationship between the
Borrowers and the Lenders and the Administrative Agent shall be solely that of
borrowers and lender. Neither the Administrative Agent nor any Lender shall have
any fiduciary responsibilities to the Borrowers. Neither the Administrative
Agent nor any Lender undertakes any responsibility to the Borrowers to review or
inform the Borrowers of any matter in connection with any phase of the
Borrowers’ business or operations.

        10.12.        GOVERNING LAW. ANY DISPUTE BETWEEN THE BORROWERS AND THE
ADMINISTRATIVE AGENT, THE ARRANGERS OR ANY LENDER ARISING OUT OF, CONNECTED
WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THE
BORROWERS AND THE ADMINISTRATIVE AGENT, THE ARRANGERS OR THE LENDERS IN
CONNECTION WITH, THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, AND WHETHER
ARISING IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE RESOLVED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.

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        10.13.        CONSENT TO JURISDICTION; SERVICE OF PROCESS; JURY TRIAL.

        (A)        NON-EXCLUSIVE JURISDICTION. EACH BORROWER HEREBY IRREVOCABLY
SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW
YORK STATE COURT SITTING IN NEW YORK, NEW YORK IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND EACH BORROWER HEREBY
IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY
BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION
IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM.
NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE ADMINISTRATIVE AGENT OR ANY LENDER
TO BRING PROCEEDINGS AGAINST ANY BORROWER IN THE COURTS OF ANY OTHER
JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY BORROWER AGAINST THE ADMINISTRATIVE
AGENT OR ANY LENDER OR ANY AFFILIATE OF THE ADMINISTRATIVE AGENT OR ANY LENDER
INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED
TO, OR CONNECTED WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW
YORK, NEW YORK.

        (B)        SERVICE OF PROCESS.

        (i)        EACH BORROWER WAIVES PERSONAL SERVICE OF ANY PROCESS UPON IT
AND IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY WRITS, PROCESS OR
SUMMONSES IN ANY SUIT, ACTION OR PROCEEDING BY THE MAILING THEREOF BY THE
ADMINISTRATIVE AGENT OR THE LENDERS BY REGISTERED OR CERTIFIED MAIL, POSTAGE
PREPAID, TO THE COMPANY ADDRESSED AS PROVIDED HEREIN. NOTHING HEREIN SHALL IN
ANY WAY BE DEEMED TO LIMIT THE ABILITY OF THE ADMINISTRATIVE AGENT OR THE
LENDERS TO SERVE ANY SUCH WRITS, PROCESS OR SUMMONSES IN ANY OTHER MANNER
PERMITTED BY APPLICABLE LAW.

        (ii)        THE SUBSIDIARY BORROWER HEREBY IRREVOCABLY APPOINTS THE
COMPANY AS ITS AGENT FOR SERVICE OF PROCESS IN ANY PROCEEDING REFERRED TO IN
THIS SECTION 10.13 AND AGREES THAT SERVICE OF PROCESS IN ANY SUCH PROCEEDING MAY
BE MADE BY MAILING OR DELIVERING A COPY THEREOF TO IT CARE OF THE COMPANY AT ITS
ADDRESS FOR NOTICES SET FORTH IN ARTICLE XIV OF THIS AGREEMENT.

        (C)        WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY
WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER
SOUNDING IN CONTRACT, TORT, OR OTHERWISE, ARISING OUT OF, CONNECTED WITH,
RELATED TO OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN

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CONNECTION WITH THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT
EXECUTED OR DELIVERED IN CONNECTION HEREWITH. EACH OF THE PARTIES HERETO AGREES
AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE
DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT ANY PARTY HERETO MAY FILE AN
ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN
EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO
TRIAL BY JURY.

        10.14.        Subordination of Intercompany Indebtedness. Each Borrower
agrees that all Intercompany Indebtedness held by such Borrower shall be
subordinate and subject in right of payment to the prior payment, in full and in
cash, of all Secured Obligations; provided, that, and not in contravention of
the foregoing, so long as no Default has occurred and is continuing such
Borrower may make loans to and receive payments in the ordinary course with
respect to such Intercompany Indebtedness from the related obligor. Should any
payment, distribution, security or instrument or proceeds thereof be received by
such Borrower upon or with respect to the Intercompany Indebtedness in
contravention of this Agreement after the occurrence of a Default, including,
without limitation, an event described in Section 8.1(F) or (G), prior to the
satisfaction of all of the Secured Obligations (other than contingent indemnity
obligations) and the termination of all financing arrangements pursuant to any
Loan Document or Hedging Agreement among the Borrowers and the Lenders (and
their Affiliates), such Borrower shall receive and hold the same in trust, as
trustee, for the benefit of the Holders of Secured Obligations and shall
forthwith deliver the same to the Administrative Agent, for the benefit of such
Persons, in precisely the form received (except for the endorsement or
assignment of the Borrowers where necessary), for application to any of the
Secured Obligations, due or not due, and, until so delivered, the same shall be
held in trust by such Borrower as the property of the Holders of Secured
Obligations. If any Borrower fails to make any such endorsement or assignment to
the Administrative Agent, the Administrative Agent or any of its officers or
employees are irrevocably authorized to make the same. Each Borrower agrees that
until the Secured Obligations (other than the contingent indemnity obligations)
have been paid in full (in cash) and satisfied and all financing arrangements
pursuant to any Loan Document or Hedging Agreement among the Borrowers and the
Lenders (and their Affiliates) have been terminated, no Borrower will assign or
transfer to any Person any Intercompany Indebtedness.

        10.15.        Performance of Obligations. Each Borrower agrees that the
Administrative Agent may, but shall have no obligation to (i) at any time, pay
or discharge taxes, liens, security interests or other encumbrances levied or
placed on or threatened against any Collateral and (ii) after the occurrence and
during the continuance of a Default make any other payment or perform any act
required of any Loan Party under any Loan Document or take any other action
which the Administrative Agent in its discretion deems necessary or desirable to
protect or preserve the Collateral, including, without limitation, any action to
(y) effect any repairs or obtain any insurance called for by the terms of any of
the Loan Documents and to pay all or any part of the premiums therefor and the
costs thereof and (z) pay any rents payable by any Loan Party which are more
than 30 days past due, or as to which the landlord has given notice of
termination, under any lease. The Administrative Agent shall use its best
efforts to give the Borrower notice of any action taken under this Section 10.15
prior to the taking of such action or promptly thereafter provided the failure
to give such notice shall not affect any Loan Party’s obligations in

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respect thereof. Each Borrower agrees to pay the Administrative Agent, upon
demand, the principal amount of all funds advanced by the Administrative Agent
under this Section 10.15, together with interest thereon at the rate from time
to time applicable to Floating Rate Loans from the date of such advance until
the outstanding principal balance thereof is paid in full. If any Borrower fails
to make payment in respect of any such advance under this Section 10.15 within
one (1) Business Day after the date the Company receives written demand therefor
from the Administrative Agent, the Administrative Agent shall promptly notify
each Lender and each Lender agrees that it shall thereupon make available to the
Administrative Agent, in Dollars in immediately available funds, the amount
equal to such Lender’s Pro Rata Share of such advance. If such funds are not
made available to the Administrative Agent by such Lender within one (1)
Business Day after the Administrative Agent’s demand therefor, the
Administrative Agent will be entitled to recover any such amount from such
Lender together with interest thereon at the Federal Funds Effective Rate for
each day during the period commencing on the date of such demand and ending on
the date such amount is received. The failure of any Lender to make available to
the Administrative Agent its Pro Rata Share of any such unreimbursed advance
under this Section 10.15 shall neither relieve any other Lender of its
obligation hereunder to make available to the Administrative Agent such other
Lender’s Pro Rata Share of such advance on the date such payment is to be made
nor increase the obligation of any other Lender to make such payment to the
Administrative Agent. All outstanding principal of, and interest on, advances
made under this Section 10.3 shall constitute Secured Obligations secured by the
Collateral until paid in full by the Borrowers.

ARTICLE XI: THE ADMINISTRATIVE AGENT

        11.1.        Appointment; Nature of Relationship. JPMCB is appointed by
the Lenders as the Administrative Agent hereunder and under each other Loan
Document, and each of the Lenders irrevocably authorizes the Administrative
Agent to act as the contractual representative of such Lender with the rights
and duties expressly set forth herein and in the other Loan Documents. The
Administrative Agent agrees to act as such contractual representative upon the
express conditions contained in this Article XI. Notwithstanding the use of the
defined term “Administrative Agent,” it is expressly understood and agreed that
the Administrative Agent shall not have any fiduciary responsibilities to any
Lender by reason of this Agreement and that the Administrative Agent is merely
acting as the representative of the Lenders with only those duties as are
expressly set forth in this Agreement and the other Loan Documents. In its
capacity as the Lenders’ contractual representative, the Administrative Agent
(i) does not assume any fiduciary duties to any of the Lenders, (ii) is a
“representative” of the Lenders within the meaning of the Uniform Commercial
Code as in effect from time to time in the State of New York (or any successor
provision), (iii) is acting as an independent contractor, the rights and duties
of which are limited to those expressly set forth in this Agreement and the
other Loan Documents and (iv) except as expressly set forth herein, shall not
have any duty to disclose, and shall not be liable for the failure to disclose,
any information relating to the Company or any of its Subsidiaries that is
communicated to or obtained by the bank serving as Administrative Agent or any
of its Affiliates in any capacity. Each of the Lenders, for itself and on behalf
of its affiliates, agrees to assert no claim against the Administrative Agent on
any agency theory or any other theory of liability for breach of fiduciary duty,
all of which claims each Lender waives.

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        11.2.        Powers. The Administrative Agent shall have and may
exercise such powers under the Loan Documents as are specifically delegated to
the Administrative Agent by the terms of each thereof, together with such powers
as are reasonably incidental thereto. The Administrative Agent shall have no
implied duties or fiduciary duties to the Lenders, or any obligation to the
Lenders to take any action hereunder or under any of the other Loan Documents
except any action specifically provided by the Loan Documents required to be
taken by the Administrative Agent.

        11.3.        General Immunity. Neither the Administrative Agent nor any
of its directors, officers, agents or employees shall be liable to the
Borrowers, the Lenders or any Lender for any action taken or omitted to be taken
by it or them hereunder or under any other Loan Document or in connection
herewith or therewith except to the extent such action or inaction is found to
have been caused by the gross negligence or willful misconduct of such Person.

        11.4.        No Responsibility for Loans, Creditworthiness, Recitals,
Etc. Neither the Administrative Agent nor any of its directors, officers, agents
or employees shall be responsible for or have any duty to ascertain, inquire
into, or verify (i) any statement, warranty or representation made in connection
with any Loan Document or any borrowing hereunder; (ii) the performance or
observance of any of the covenants or agreements of any obligor under any Loan
Document; (iii) the satisfaction of any condition specified in Article V, except
receipt of items required to be delivered solely to the Administrative Agent;
(iv) the existence or possible existence of any Default or (v) the validity,
effectiveness or genuineness of any Loan Document or any other instrument or
writing furnished in connection therewith. The Administrative Agent shall not be
responsible to any Lender for any recitals, statements, representations or
warranties herein or in any of the other Loan Documents for perfection or
priority of the Liens on any collateral subject to the Loan Documents, the
execution, effectiveness, genuineness, validity, legality, enforceability,
collectibility, or sufficiency of this Agreement or any of the other Loan
Documents or the transactions contemplated thereby, or for the financial
condition of any guarantor of any or all of the Obligations, the Company or any
of its Subsidiaries.

        11.5.        Action on Instructions of Lenders. The Administrative Agent
shall in all cases be fully protected in acting, or in refraining from acting,
hereunder and under any other Loan Document in accordance with written
instructions signed by the Required Lenders (or the Required Revolving Loan
Lenders or all of the Lenders, in each case in the event that and to the extent
that this Agreement expressly requires such), and such instructions and any
action taken or failure to act pursuant thereto shall be binding on all of the
Lenders and on all owners of Loans. Upon receipt of any such instructions from
the Required Lenders (or the Required Revolving Loan Lenders or all of the
Lenders, in each case in the event that and to the extent that this Agreement
expressly requires such), the Administrative Agent shall be permitted to act on
behalf of the full principal amount of the Obligations. The Administrative Agent
shall be fully justified in failing or refusing to take any action hereunder and
under any other Loan Document unless it shall first be indemnified to its
satisfaction by the Lenders pro rata against any and all liability, cost and
expense that it may incur by reason of taking or continuing to take any such
action.

        11.6.        Employment of Administrative Agent and Counsel. The
Administrative Agent may execute any of its duties as the Administrative Agent
hereunder and under any other Loan

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Document by or through employees, agents and attorneys-in-fact and shall not be
answerable to the Lenders, except as to money or securities received by it or
its authorized agents, for the default or misconduct of any such agents or
attorneys-in-fact selected by it with reasonable care. The Administrative Agent
shall be entitled to advice of counsel concerning the contractual arrangement
between the Administrative Agent and the Lenders and all matters pertaining to
the Administrative Agent’s duties hereunder and under any other Loan Document.

        11.7.        Reliance on Documents; Counsel. The Administrative Agent
shall be entitled to rely upon any notice, consent, certificate, affidavit,
letter, telegram, statement, paper or document believed by it to be genuine and
correct and to have been signed or sent by the proper person or persons, and, in
respect to legal matters, upon the opinion of counsel selected by the
Administrative Agent, which counsel may be employees of the Administrative
Agent.

        11.8.        The Administrative Agent’s Reimbursement and
Indemnification. The Lenders agree to reimburse and indemnify the Administrative
Agent ratably in proportion to their respective Pro Rata Shares (i) for any
amounts not reimbursed by the Borrowers for which the Administrative Agent is
entitled to reimbursement by the Borrowers under the Loan Documents, (ii) for
any other expenses incurred by the Administrative Agent on behalf of the
Lenders, in connection with the preparation, execution, delivery, administration
and enforcement of the Loan Documents and (iii) for any liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind and nature whatsoever which may be imposed
on, incurred by or asserted against the Administrative Agent in any way relating
to or arising out of the Loan Documents or any other document delivered in
connection therewith or the transactions contemplated thereby, or the
enforcement of any of the terms thereof or of any such other documents;
provided, that no Lender shall be liable for any of the foregoing to the extent
any of the foregoing is found in a final non-appealable judgment by a court of
competent jurisdiction to have arisen solely from the gross negligence or
willful misconduct of the Administrative Agent. The obligations and agreements
of the Lenders under this Section 11.8 shall survive the termination of this
Agreement.

        11.9.        Rights as a Lender. With respect to its Revolving Loan
Commitment, Loans made by it and Letters of Credit issued by it, the
Administrative Agent shall have the same rights and powers hereunder and under
any other Loan Document as any Lender or Issuing Bank and may exercise the same
as though it were not the Administrative Agent, and the term “Lender” or
“Lenders”, “Issuing Bank” or “Swing Line Bank” shall, unless the context
otherwise indicates, include the Administrative Agent in its individual
capacity. The Administrative Agent may accept deposits from, lend money to, and
generally engage in any kind of trust, debt, equity or other transaction, in
addition to those contemplated by this Agreement or any other Loan Document,
with the Company or any of its Subsidiaries in which such Person is not
prohibited hereby from engaging with any other Person.

        11.10.        Lender Credit Decision. Each Lender acknowledges that it
has, independently and without reliance upon the Administrative Agent, the
Arrangers or any other Lender and based on the financial statements prepared by
the Company and such other documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this
Agreement and the other Loan Documents. Each Lender also acknowledges that it
will, independently and without reliance upon the Administrative Agent, the
Arrangers or any other

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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 and the other Loan Documents.

        11.11.        Successor Administrative Agent. The Administrative Agent
may resign at any time by giving written notice thereof to the Lenders and the
Company. Upon any such resignation, the Required Lenders shall have the right to
appoint, on behalf of the Borrowers and the Lenders, a successor Administrative
Agent. If no successor Administrative Agent shall have been so appointed by the
Required Lenders and shall have accepted such appointment within thirty (30)
days after the retiring Administrative Agent’s giving notice of resignation,
then the retiring Administrative Agent may appoint, on behalf of the Borrowers
and the Lenders, a successor Administrative Agent. Notwithstanding anything
herein to the contrary, so long as no Default has occurred and is continuing,
each such successor Administrative Agent shall be subject to approval by the
Company, which approval shall not be unreasonably withheld or delayed. Such
successor Administrative Agent shall be a commercial bank having capital and
retained earnings of at least $500,000,000. Upon the acceptance of any
appointment as the Administrative Agent hereunder by a successor Administrative
Agent, such successor Administrative Agent shall thereupon succeed to and become
vested with all the rights, powers, privileges and duties of the retiring
Administrative Agent, and the retiring Administrative Agent shall be discharged
from its duties and obligations hereunder and under the other Loan Documents.
After any retiring Administrative Agent’s resignation hereunder as
Administrative Agent, the provisions of this Article XI shall continue in effect
for its benefit in respect of any actions taken or omitted to be taken by it
while it was acting as the Administrative Agent hereunder and under the other
Loan Documents.

        11.12.        No Duties Imposed Upon Syndication Agents, Documentation
Agents or Arrangers. No Person identified on the cover page to this Agreement,
the signature pages to this Agreement or otherwise in this Agreement as a
“Syndication Agent”, a “Documentation Agent” or an “Arranger” shall have any
right, power, obligation, liability, responsibility or duty under this Agreement
other than, if such Person is a Lender, those applicable to all Lenders as such.
Without limiting the foregoing, no Person identified on the cover page to this
Agreement, the signature pages to this Agreement or otherwise in this Agreement
as a “Syndication Agent”, a “Documentation Agent” or an “Arranger” shall have or
be deemed to have any fiduciary duty to or fiduciary relationship with any
Lender. In addition to the agreement set forth in Section 11.10, each of the
Lenders acknowledges that it has not relied, and will not rely, on any Person so
identified in deciding to enter into this Agreement or in taking or not taking
action hereunder.

        11.13.        Notice of Default. The Administrative Agent shall not be
deemed to have knowledge or notice of the occurrence of any Default or Unmatured
Default hereunder unless the Administrative Agent has received written notice
from a Lender or the Company referring to this Agreement describing such Default
or Unmatured Default and stating that such notice is a “notice of default”. In
the event that the Administrative Agent receives such a notice, the
Administrative Agent shall give prompt notice thereof to the Lenders.

        11.14.        Delegation to Affiliates. The Borrowers and the Lenders
agree that the Administrative Agent may delegate any of its duties under this
Agreement to any of its Affiliates. Any such Affiliate (and such Affiliate’s
directors, officers, agents and employees)

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which performs duties in connection with this Agreement shall be entitled to the
same benefits of the indemnification, waiver and other protective provisions to
which the Administrative Agent is entitled under terms of this Agreement.

    11.15.        Authority with Respect to Guarantees and Collateral Documents.

        (A)        Authority to Take Action. Each Lender authorizes the
Administrative Agent to enter into each of the Guarantees, Collateral Documents
and related intercreditor agreements to which the Administrative Agent is or may
become a party and to take all action contemplated by such documents. Each
Lender agrees that no Holder of Secured Obligations (other than the
Administrative Agent) shall have the right individually to independently enforce
or seek to realize upon the security granted by any Guaranty or Collateral
Document, it being understood and agreed that such rights and remedies may be
exercised solely by the Administrative Agent for the benefit of the Holders of
Secured Obligations or Holders of Secured Obligations, as applicable, upon the
terms of such documents. In furtherance and without limitation of the foregoing,
the Administrative Agent is hereby authorized and given a power of attorney by
and on behalf of each of the Holders of Secured Obligations to execute any
Guaranty or Collateral Document necessary or appropriate to guarantee the
Secured Obligations or grant and perfect a Lien on any Collateral in favor of
the Administrative Agent on behalf of the Holders of Secured Obligations, if
necessary.

        (B)        Authority to Release. The Lenders hereby authorize the
Administrative Agent, at its option and in its discretion, to release any
Subsidiary Guarantor from its obligations under any of the Guarantees and
release any Lien granted to the Administrative Agent upon any Collateral (i)
upon termination of the Commitments and payment and satisfaction of all of the
Obligations at any time arising under or in respect of this Agreement or the
Loan Documents and Hedging Agreements or the transactions contemplated hereby or
thereby (which satisfaction, in the case of outstanding Letters of Credit, may
take the form of a backstop letter of credit from an issuer acceptable to the
Administrative Agent or cash collateral); (ii) in connection with any
transaction which is permitted by this Agreement (including, without limitation,
the permitted sale by the Company or any Subsidiary of one hundred percent
(100%) of the Capital Stock of any Subsidiary Guarantor or Pledge Subsidiary
owned by the Company and its Subsidiaries), (iii) as required pursuant to
Section 7.2(K) or Section 7.2(L) or (iv) if approved, authorized or ratified in
writing by the Required Lenders, unless such release is required to be approved
by all of the Lenders hereunder. Upon request by the Administrative Agent at any
time, the Lenders will confirm in writing the Administrative Agent’s authority
to release particular Subsidiary Guarantors or types or items of Collateral
pursuant to this Section 11.15(B).

        (C)        Further Documents, etc.. Upon any sale or transfer of assets
constituting Collateral which is permitted pursuant to the terms of any Loan
Document, or consented to in writing by the Requisite Lenders or all of the
Lenders, as applicable, and upon at least five Business Days’ prior written
request by the Company, the Administrative Agent shall (and is hereby
irrevocably authorized by the Lenders to) execute such documents as may be
necessary to evidence the release of the Liens granted to the Administrative
Agent for the benefit of the Holders of Secured Obligations herein or pursuant
hereto upon the Collateral that was sold or transferred; provided, however, that
(i) the Administrative Agent shall not be required to execute any such document
on terms which, in the Administrative Agent’s opinion, would expose the
Administrative Agent

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to liability or create any obligation or entail any consequence other than the
release of such Liens without recourse or warranty, and (ii) such release shall
not in any manner discharge, affect or impair the Secured Obligations or any
Liens upon (or obligations of the Borrowers or any Subsidiary in respect of) all
interests retained by the Borrowers or any Subsidiary, including (without
limitation) the proceeds of the sale, all of which shall continue to constitute
part of the Collateral.

        11.16.        Foreign Collateral Authorizations

        (A)        The Company, on its behalf and on behalf of its Subsidiaries,
and each Lender, on its behalf and on the behalf of its affiliated Holders of
Secured Obligations, hereby irrevocably constitute the Administrative Agent as
the holder of an irrevocable power of attorney (fondé de pouvoir within the
meaning of Article 2692 of the Civil Code of Quebec) in order to hold hypothecs
and security granted by the Company or any Subsidiary on property pursuant to
the laws of the Province of Quebec to secure obligations of the Company or any
Subsidiary under any bond, debenture or similar title of indebtedness issued by
the Company or any Subsidiary in connection with this Agreement, and agree that
the Administrative Agent may act as the bondholder and mandatary with respect to
any bond, debenture or similar title of indebtedness that may be issued by the
Company or any Subsidiary and pledged in favor of the Holders of Secured
Obligations in connection with this Agreement. Notwithstanding the provisions of
Section 32 of the An Act respecting the special powers of legal persons
(Quebec), JPMorgan Chase Bank, National Association as Administrative Agent may
acquire and be the holder of any bond issued by the Company or any Subsidiary in
connection with this Agreement (i.e., the fondé de pouvoir may acquire and hold
the first bond issued under any deed of hypothec by the Company or any
Subsidiary).

        (B)        The Administrative Agent is hereby authorized to execute and
deliver any documents necessary or appropriate to create and perfect the rights
of pledge for the benefit of the Holders of Secured Obligations including a
right of pledge with respect to the entitlements to profits, the balance left
after winding up and the voting rights of the Company as ultimate parent of any
subsidiary of the Company which is organized under the laws of the Netherlands
and the Capital Stock of which is pledged in connection herewith (a “Dutch
Pledge”). Without prejudice to the provisions of this Agreement and the other
Loan Documents, the parties hereto acknowledge and agree with the creation of
parallel debt obligations of the Company or any relevant Subsidiary as will be
described in any Dutch Pledge (the “Parallel Debt”), including that any payment
received by the Administrative Agent in respect of the Parallel Debt will -
conditionally upon such payment not subsequently being avoided or reduced by
virtue of any provisions or enactments relating to bankruptcy, insolvency,
preference, liquidation or similar laws of general application - be deemed a
satisfaction of a pro rata portion of the corresponding amounts of the Secured
Obligations, and any payment to the Holders of Secured Obligations in
satisfaction of the Secured Obligations shall - conditionally upon such payment
not subsequently being avoided or reduced by virtue of any provisions or
enactments relating to bankruptcy, insolvency, preference, liquidation or
similar laws of general application - be deemed as satisfaction of the
corresponding amount of the Parallel Debt. The parties hereto acknowledge and
agree that, for purposes of a Dutch Pledge, any resignation by the
Administrative Agent is not effective until its rights under the Parallel Debt
are assigned to the successor Administrative Agent.

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        (C)        The Administrative Agent shall administer any Collateral
Document which is governed by German law and is a pledge (Pfandrecht) or
otherwise transferred to any Holder of Secured Obligations under an accessory
security right (akzessorische Sicherheit) in the name and on behalf of the
Holder of Secured Obligations. In relation to any Collateral Document governed
by the laws of Germany, each party hereby authorizes the Administrative Agent to
accept as its representative any pledge or other creation of any accessory
security right made to such party in relation to this Agreement and to agree to
and execute on its behalf as its representative amendments, supplements and
other alterations to any Collateral Document governed by the laws of Germany
which creates a pledge or any other accessory security right and to release on
behalf of such party any Collateral Document governed by the laws of Germany in
accordance with the provisions herein and/or the provisions in the relevant
German law governed pledge agreement.

ARTICLE XII: SETOFF; RATABLE PAYMENTS; APPLICATION OF PROCEEDS

        12.1.        Setoff. In addition to, and without limitation of, any
rights of the Holders of Secured Obligations under applicable law, if any
Default occurs and is continuing, any Indebtedness from any Holder of Secured
Obligations to any Borrower (including all account balances, whether provisional
or final and whether or not collected or available) may be offset and applied
toward the payment of the Secured Obligations owing to such Holder of Secured
Obligations, whether or not the Secured Obligations, or any part hereof, shall
then be due. It is understood and agreed that no deposits of the Subsidiary
Borrower or Indebtedness held by or owing to the Subsidiary Borrower shall be
offset by any Holder of Secured Obligations and applied towards the Secured
Obligations incurred solely by or on behalf of the Company unless the Subsidiary
Borrower shall be jointly and severally liable for all of the Secured
Obligations at such time pursuant to Section 1.4.

        12.2.        Ratable Payments. If any Holder of Secured Obligations,
whether by setoff or otherwise, has payment made to it upon its Secured
Obligations (other than payments received pursuant to Sections 2.14(E), 4.1, 4.2
or 4.4) in a greater proportion than that received by any other Holder of
Secured Obligations, such Holder of Secured Obligations agrees, promptly upon
demand, to purchase a portion of the Secured Obligations held by the other
Holders of Secured Obligations so that after such purchase each Holder of
Secured Obligations will hold its ratable share of the relevant Secured
Obligations in accordance with Section 12.4. If any Holder of Secured
Obligations, whether in connection with setoff or amounts which might be subject
to setoff or otherwise, receives collateral or other protection for its Secured
Obligations or such amounts which may be subject to setoff, such Holder of
Secured Obligations agrees, promptly upon demand, to take such action necessary
such that all Holders of Secured Obligations share in the benefits of such
collateral ratably in proportion to the obligations owing to them. In case any
such payment is disturbed by legal process or otherwise, appropriate further
adjustments shall be made.

        12.3.        Relations Among Lenders.

        (A)        Except with respect to the exercise of set-off rights of any
Lender in accordance with Section 12.1, the proceeds of which are applied in
accordance with this Agreement, each Lender agrees that it will not take any
action, nor institute any actions or proceedings, against any

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Borrower or any other obligor hereunder or with respect to any Loan Document,
without the prior written consent of the Required Lenders or, as may be provided
in this Agreement or the other Loan Documents, at the direction of the
Administrative Agent.

        (B)        The Lenders are not partners or co-venturers, and no Lender
shall be liable for the acts or omissions of, or (except as otherwise set forth
herein in case of the Administrative Agent) authorized to act for, any other
Lender. The Administrative Agent shall have the exclusive right on behalf of the
Lenders to enforce on the payment of the principal of and interest on any Loan
after the date such principal or interest has become due and payable pursuant to
the terms of this Agreement.

        12.4.        Application of Proceeds. The Administrative Agent shall,
unless otherwise specified at the direction of the Required Lenders which
direction shall be consistent with the last sentence of this Section 12.4, apply
all proceeds of Collateral to be applied to the Secured Obligations in
accordance with the Collateral Documents in the following order:

         (A)        first, to pay interest on and then principal of any portion
of the Loans which the Administrative Agent may have advanced on behalf of any
Lender for which the Administrative Agent has not then been reimbursed by such
Lender or a Borrower;

         (B)        second, to pay interest on and then principal of any advance
made under Section 10.15 for which the Administrative Agent has not then been
paid by a Borrower or reimbursed by the Lenders;

         (C)        third, to pay Obligations in respect of any fees, expense
reimbursements or indemnities then due to the Administrative Agent;

         (D)        fourth, to the ratable payment of Obligations in respect of
any fees, expenses, reimbursements or indemnities then due to the Lenders, the
Swing Line Bank and the Issuing Bank;

         (E)        fifth, to the ratable payment of interest due in respect of
Loans and L/C Obligations;

         (F)        sixth, ratably, to the payment or prepayment of principal
outstanding on Loans and Reimbursement Obligations and to provide any cash
collateral required pursuant to Section 3.11;

         (G)        seventh, to the ratable payment of the Hedging Obligations
constituting Secured Obligations;

         (H)        eighth, to the ratable payment of the Treasury Obligations
constituting Secured Obligations;

         (I)        ninth, to the ratable payment of all other Secured
Obligations; and

         (J)        tenth, to the applicable Loan Party or as a court of
competent jurisdiction may otherwise direct.

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The order of priority set forth in this Section 12.4 and the related provisions
of this Agreement are set forth solely to determine the rights and priorities of
the Agent, the Lenders, the Swing Line Bank, the Issuing Bank and other Holders
of Secured Obligations as among themselves. The order of priority set forth in
clauses (D) through (J) of this Section 12.4 may at any time and from time to
time be changed by the Required Lenders without necessity of notice to or
consent of or approval by any Borrower, or any other Person; provided, that the
order of priority of payments in respect of Swing Line Loans may be changed only
with the prior written consent of the Swing Line Bank. The order of priority set
forth in clauses (A) through (C) of this Section 12.4 may be changed only with
the prior written consent of the Administrative Agent.

        12.5.        Disclosure. Each Borrower and each Lender hereby
acknowledges and agrees that JPMCB and/or its Affiliates from time to time may
hold investments in, make other loans to or have other relationships with the
Borrowers and their respective Affiliates.

        12.6.        Nonreliance. Each Lender hereby represents that it is not
relying on or looking to any Margin Stock for the repayment of the Loans and
Reimbursement Obligations provided for herein.

        12.7.        Representations and Covenants Among Lenders. Each Lender
represents and covenants for the benefit of all other Lenders and the
Administrative Agent that such Lender is not satisfying and shall not satisfy
any of its obligations pursuant to this Agreement with any assets considered for
any purposes of ERISA or Section 4975 of the Code to be assets of or on behalf
of any “plan” as defined in Section 3(3) of ERISA or Section 4975 of the Code,
regardless of whether subject to ERISA or Section 4975 of the Code.

ARTICLE XIII: BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

        13.1.        Successors and Assigns. The terms and provisions of the
Loan Documents shall be binding upon and inure to the benefit of the Borrowers,
the Administrative Agent and the Lenders and their respective successors and
assigns permitted hereby, except that (i) no Borrower shall have the right to
assign its rights or obligations under the Loan Documents without the prior
written consent of each Lender, (ii) any assignment by any Lender must be made
in compliance with Section 13.3, and (iii) any transfer by Participants must be
made in compliance with Section 13.2. Any attempted assignment or transfer by
any party not made in compliance with this Section 13.1 shall be null and void,
unless such attempted assignment or transfer is treated as a participation in
accordance with Section 13.3(C). The parties to this Agreement acknowledge that
clause (ii) of this Section 13.1 relates only to absolute assignments and this
Section 13.1 does not prohibit assignments creating security interests,
including, without limitation, (x) any pledge or assignment by any Lender of all
or any portion of its rights under this Agreement and any promissory note issued
hereunder to a Federal Reserve Bank, (y) in the case of a Lender which is a
Fund, any pledge or assignment of all or any portion of its rights under this
Agreement and any promissory note issued hereunder to its trustee in support of
its obligations to its trustee or (z) any pledge or assignment by any Lender of
all or any portion of its rights under this Agreement and any promissory note
issued hereunder to direct or indirect contractual counterparties in interest
rate swap agreements or credit derivative transactions relating to the Loans;
provided, however, that no such pledge or assignment creating a security
interest shall release the transferor Lender from its obligations hereunder
unless and until the

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parties thereto have complied with the provisions of Section 13.3. The
Administrative Agent may treat the Person which made any Loan or which holds any
promissory note issued hereunder as the owner thereof for all purposes hereof
unless and until such Person complies with Section 13.3; provided, however, that
the Administrative Agent may in its discretion (but shall not be required to)
follow instructions from the Person which made any Loan or which holds any
promissory note issued hereunder to direct payments relating to such Loan or
promissory note issued hereunder to another Person. Any assignee of the rights
to any Loan or any promissory note issued hereunder agrees by acceptance of such
assignment to be bound by all the terms and provisions of the Loan Documents.
Any request, authority or consent of any Person, who at the time of making such
request or giving such authority or consent is the owner of the rights to any
Loan (whether or not a promissory note has been issued hereunder in evidence
thereof), shall be conclusive and binding on any subsequent holder or assignee
of the rights to such Loan.

        13.2.        Participations.

        (A)        Permitted Participants; Effect. Any Lender may at any time
sell to one or more banks or other entities (“Participants”) participating
interests in any Revolving Credit Obligations or Term Loans of such Lender, any
promissory note issued hereunder held by such Lender, any Revolving Loan
Commitment of such Lender or any other interest of such Lender under the Loan
Documents. In the event of any such sale by a Lender of participating interests
to a Participant, such Lender’s obligations under the Loan Documents shall
remain unchanged, such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations, such Lender shall remain
the owner of its Revolving Credit Obligations and Term Loans, as applicable, and
the holder of any promissory note issued to it hereunder in evidence thereof for
all purposes under the Loan Documents, all amounts payable by the Borrowers
under this Agreement shall be determined as if such Lender had not sold such
participating interests, and the Borrowers and the Administrative Agent shall
continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under the Loan Documents.

        (B)        Voting Rights. Each Lender shall retain the sole right to
approve, without the consent of any Participant, any amendment, modification or
waiver of any provision of the Loan Documents other than any amendment,
modification or waiver with respect to any Loan or Revolving Loan Commitment in
which such Participant has an interest which would require consent of all of the
Lenders pursuant to the terms of Section 9.3.

        (C)        Benefit of Certain Provisions. Each Borrower agrees that each
Participant shall be deemed to have the right of setoff provided in Section 12.1
in respect of its participating interest in amounts owing under the Loan
Documents to the same extent as if the amount of its participating interest were
owing directly to it as a Lender under the Loan Documents; provided, that each
Lender shall retain the right of setoff provided in Section 12.1 with respect to
the amount of participating interests sold to each Participant. The Lenders
agree to share with each Participant, and each Participant, by exercising the
right of setoff provided in Section 12.1, agrees to share with each Lender, any
amount received pursuant to the exercise of its right of setoff, such amounts to
be shared in accordance with Section 12.2 as if each Participant were a Lender.
Each Borrower further agrees that each Participant shall be entitled to the
benefits of Section 2.14(E), Article IV and Section 10.7 to the same extent as
if it were a Lender and had

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acquired its interest by assignment pursuant to Section 13.3; provided, that (i)
a Participant shall not be entitled to receive any greater payment under Section
2.14(E), Article IV or Section 10.7 than the Lender who sold the participating
interest to such Participant would have received had it retained such interest
for its own account, unless the sale of such interest to such Participant is
made with the prior written consent of the Company and (ii) any Participant
agrees to comply with the provisions of Section 2.14(E) and Article IV to the
same extent as if it were a Lender.

        13.3.        Assignments.

        (A)        Permitted Assignments. Any Lender may at any time assign to
one or more banks or other entities (“Purchasers”) all or any part of its rights
and obligations under the Loan Documents. Such assignment shall be evidenced by
an agreement substantially in the form of Exhibit D or in such other form as may
be agreed to by the parties thereto (each such agreement, an “Assignment
Agreement”). Each such assignment with respect to a Purchaser which is not a
Lender, an Affiliate of a Lender or an Approved Fund shall, unless otherwise
consented to in writing by the Administrative Agent and, so long as no Default
has occurred and is continuing, the Company (i) in the case of any assignment of
any Revolving Loan Commitment or Revolving Credit Obligations, either be in an
amount equal to the entire applicable Revolving Loan Commitment and Revolving
Credit Obligations of the assigning Lender or (unless each of the Administrative
Agent and, if no Default has occurred and is continuing, the Company otherwise
consents) be in an aggregate amount of $5,000,000 or an integral multiple of
$1,000,000 in excess thereof or (ii) in the case of any assignment of any Term
Loan, either be in an amount equal to the entire outstanding principal amount of
the Term Loans of the assigning Lender or (unless each of the Administrative
Agent and, if no Default has occurred and is continuing, the Company otherwise
consents) be in an aggregate amount of $1,000,000 or an integral multiple of
$1,000,000 in excess thereof. The amount of the assignment shall be based on the
Revolving Loan Commitment and Revolving Credit Obligations subject to the
assignment, determined as of the date of such assignment or as of the “Trade
Date,” if the “Trade Date” is specified in the Assignment Agreement.

        (B)        Consents. The consent of the Company shall be required prior
to an assignment becoming effective unless the Purchaser is a Lender, an
Affiliate of a Lender or an Approved Fund; provided, that the consent of the
Company shall not be required if a Default has occurred and is continuing. The
consent of the Administrative Agent shall be required prior to an assignment
becoming effective; provided, that no consent of the Administrative Agent shall
be required for an assignment of all or any portion of a Term Loan to a Lender,
an Affiliate of a Lender or an Approved Fund. The consent of the Issuing Bank
shall be required prior to an assignment being effective; provided, that no
consent of the Issuing Bank shall be required for an assignment of all or any
portion of a Term Loan. Any consent required under this Section 13.3(B) shall
not be unreasonably withheld or delayed.

        (C)        Effect; Effective Date. Upon (i) delivery to the
Administrative Agent of an Assignment Agreement, together with any consents
required by Sections 13.3(A) and 13.3(B), and (ii) payment of a $3,500 fee to
the Administrative Agent for processing such assignment (unless such fee is
waived by the Administrative Agent or unless such assignment is made to such
assigning Lender’s Affiliate), such assignment shall become effective on the
effective date specified in such assignment. The Assignment Agreement shall
contain a representation and

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warranty by the Purchaser to the effect that none of the funds, money, assets or
other consideration used to make the purchase and assumption of the Revolving
Loan Commitment, Revolving Credit Obligations and/or Term Loans under the
applicable Assignment Agreement constitutes “plan assets” as defined under ERISA
and that the rights, benefits and interests of the Purchaser in and under the
Loan Documents will not be “plan assets” under ERISA. On and after the effective
date of such assignment, such Purchaser shall for all purposes be a Lender party
to this Agreement and any other Loan Document executed by or on behalf of the
Lenders and shall have all the rights, benefits and obligations of a Lender
under the Loan Documents, to the same extent as if it were an original party
thereto, and the transferor Lender shall be released with respect to the
Revolving Credit Obligations and/or Term Loans assigned to such Purchaser
without any further consent or action by the Borrowers, the Lenders or the
Administrative Agent. In the case of an assignment covering all of the assigning
Lender’s rights, benefits and obligations under this Agreement, such Lender
shall cease to be a Lender hereunder but shall continue to be entitled to the
benefits of, and subject to, those provisions of this Agreement and the other
Loan Documents which survive payment of the Secured Obligations and termination
of the Loan Documents. Each partial assignment hereunder shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and
obligations under this Agreement; provided, that the foregoing shall not be
construed to prohibit the assignment of a proportionate part of all the
assigning Lender’s rights and obligations in respect of either the Revolving
Loans (and Revolving Loan Commitment) or Term Loans. Any assignment or transfer
by a Lender of rights or obligations under this Agreement that does not comply
with this Section 13.3 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 Section 13.2. With respect to each assignment under this Section 13.3(C),
the Purchaser, if it shall not be a Lender, shall deliver to the Administrative
Agent an Administrative Questionnaire in which the assignee designates one or
more Credit Contacts to whom all syndicate-level information (which may contain
material non-public information about the Company and its affiliates and related
parties or their respective securities) will be made available and who may
receive such information in accordance with the assignee’s compliance procedures
and applicable laws, including Federal and state securities laws.

        (D)        Replacement Notes. Upon the consummation of any assignment to
a Purchaser hereunder, the transferor Lender, the Administrative Agent and the
Borrowers shall, if the transferor Lender or the Purchaser desires that its
Loans be evidenced by promissory notes, make appropriate arrangements so that,
upon cancellation and surrender to the Borrowers of the previously issued
promissory notes (if any) held by the transferor Lender, new promissory notes
issued hereunder or, as appropriate, replacement promissory notes are issued to
such transferor Lender, if applicable, and new promissory notes or, as
appropriate, replacement promissory notes, are issued to such Purchaser, in each
case in principal amounts reflecting their respective Revolving Loan Commitments
(or, if the Revolving Loan Termination Date has occurred, their respective
Revolving Credit Obligations) or Term Loans, as applicable, as adjusted pursuant
to such assignment.

        (E)        The Register. The Administrative Agent, acting solely for
this purpose as an Administrative Agent of the Borrowers (and the Borrowers
hereby designate the Administrative Agent to act in such capacity), shall
maintain at one of its offices in New York, New York a copy of each Assignment
Agreement delivered to it and a register (the “Register”) for the recordation of
the names and addresses of the Lenders, and the Revolving Loan Commitments

101

--------------------------------------------------------------------------------

of, and principal amounts of and interest on the Loans owing to, each Lender
pursuant to the terms hereof from time to time and whether such Lender is an
original Lender or assignee of another Lender pursuant to an assignment under
this Section 13.3. The entries in the Register shall be conclusive, and the
Borrowers, the Administrative Agent and the Lenders may treat each Person whose
name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. The Register shall be available for inspection by the Borrowers and
any Lender, at any reasonable time and from time to time upon reasonable prior
notice.

        13.4.        Dissemination of Information. Each Borrower authorizes each
Lender to disclose to any Participant or Purchaser or any other Person acquiring
an interest in the Loan Documents by operation of law (each a “Transferee”) and
any prospective Transferee any and all information in such Lender’s possession
concerning the creditworthiness of the Company and its Subsidiaries; provided,
that each Transferee and prospective Transferee agrees to be bound by Section
10.9 of this Agreement.

        13.5.        Tax Certifications. If any interest in any Loan Document is
transferred to any Transferee, the transferor Lender shall cause such
Transferee, concurrently with the effectiveness of such transfer, to comply with
the provisions of Section 2.14(E) and Article IV.

ARTICLE XIV: NOTICES

        14.1.        Giving Notice.

        (A)        Notices Generally. Except in the case of notices and other
communications expressly permitted to be given by telephone (and except as
provided in Section 14.1(B)), all notices, requests and other communications to
any party hereunder shall be in writing (including electronic transmission,
facsimile transmission or similar writing) and shall be given to such party: (w)
if to any Borrower, at the address or facsimile number of the Company set forth
on the signature pages hereof, (x) in the case of the Administrative Agent, at
its address or facsimile number set forth on the signature pages hereof, (y) in
the case of any Lender, at its address or facsimile number set forth in its
Administrative Questionnaire or (z) in the case of any party, at such other
address or facsimile number as such party may hereafter specify for the purpose
by notice to the Administrative Agent and the Company in accordance with the
provisions of this Section 14.1(A). All notices and other communications given
to any party hereto in accordance with the provisions of this Agreement shall be
deemed to have been given on the date of receipt.

        (B)        Electronic Communications.

        (i)        Notices and other communications to the Lenders or the
Issuing Bank may be delivered or furnished by electronic communication
(including e-mail and internet or intranet websites) pursuant to procedures
approved by the Administrative Agent or as otherwise determined by the
Administrative Agent; provided, that the foregoing shall not apply to notices to
any Lender or the Issuing Bank pursuant to Article II if such Lender or the
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 Company, on behalf of each Borrower, may, in its
respective discretion, agree to accept notices and other

102

--------------------------------------------------------------------------------

communications to it hereunder by electronic communications pursuant to
procedures approved by it or as it otherwise determines; provided, that such
determination or approval may be limited to particular notices or
communications.

        (ii)        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 given during the normal business hours of the
recipient, such notice or communication shall be deemed to have been given 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 clause (i) of notification that such
notice or communication is available and identifying the website address
therefor.

        14.2.        Change of Address. Each of the Borrowers and the
Administrative Agent may change the address for service of notice upon it by a
notice in writing to the other parties hereto, including, without limitation,
each Lender. Each Lender may change the address for service of notice upon it by
a notice in writing to the Company and the Administrative Agent.

        14.3.        USA PATRIOT ACT NOTIFICATION. The following notification is
provided to the Borrowers pursuant to Section 326 of the USA Patriot Act of
2001, 31 U.S.C. Section 5318:

  IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the
government fight the funding of terrorism and money laundering activities,
Federal law requires all financial institutions to obtain, verify, and record
information that identifies each person or entity that opens an account,
including any deposit account, treasury management account, loan, other
extension of credit, or other financial services product. What this means for
the Borrowers: When a Borrower opens an account, the Administrative Agent and
the Lenders will ask for such Borrower’s name, tax identification number,
business address, and other information that will allow the Administrative Agent
and the Lenders to identify such Borrower. The Administrative Agent and the
Lenders may also ask to see such Borrower’s legal organizational documents or
other identifying documents.

ARTICLE XV: COUNTERPARTS

        This Agreement may be executed in any number of counterparts, all of
which taken together shall constitute one agreement, and any of the parties
hereto may execute this Agreement by signing any such counterpart.

The remainder of this page is intentionally blank.

103

--------------------------------------------------------------------------------

        IN WITNESS WHEREOF, the Company, the Subsidiary Borrower, the Lenders
and the Administrative Agent have executed this Agreement as of the date first
above written.

  ARVINMERITOR, INC., as a Company

  By: /s/ Mary A. Lehmann    

--------------------------------------------------------------------------------

    Name:
Title: Mary A. Lehmann
Vice President and Treasurer

Address: 2135 W. Maple Road
Troy, Michigan 48084-7186

Attention:  Treasurer
Telephone No.:  (248) 435-1444
Facsimile No.:  (249) 435-1189
E-Mail:  mary.lehmann@arvinmeritor.com
FEIN:  38-3354643

  ARVINMERITOR FINANCE IRELAND, as the
Subsidiary Borrower

  By: /s/ Scott Stevens    

--------------------------------------------------------------------------------

    Name:
Title: Scott Stevens
Director

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
as Administrative Agent, as Swing Line Lender, as Issuing Bank and as a Lender

  By: /s/ Teri Streusand    

--------------------------------------------------------------------------------

    Name:
Title: Teri Streusand
Vice President

Address:

1111 Fannin, 10th Floor
Houston, Texas 77002

Attention:   Fran Camero
Telephone No.:   (713) 750-2200
Facsimile No.:   (713) 750-2782
E-Mail:   fran.camero@jpmchase.com

Address for Advances or Loans in Agreed
Currencies other than Dollars:

J.P. Morgan Europe Limited
125 London Wall
London EC2Y 5AJ
England

Attention:   Agency Department, 9th Floor
Telephone No.:   +(44207) 777-2352/2355
Facsimile No.:   +(44207) 777-2360

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  CITICORP NORTH AMERICA, INC.,
as a Syndication Agent and as a Lender

  By: /s/ W. Allen Blankenship    

--------------------------------------------------------------------------------

    Name:
Title: W. Allen Blankenship
Vice President-Global Autos & Industrials Group
388 Greenwich Street/23rd Floor
New York, NY 10013
Ph: 212-816-5062/Fax 212-816-5702

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  BNP PARIBAS,
as a Documentation Agent and as a Lender

  By: /s/ Chris Grumboski    

--------------------------------------------------------------------------------

    Name:
Title: Chris Grumboski
Director

  By: /s/ Tomasz Rydel    

--------------------------------------------------------------------------------

    Name:
Title: Tomasz Rydel
Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  ABN AMRO BANK N.V.,
as a Documentation Agent and as a Lender

  By: /s/ Jean Tremblay    

--------------------------------------------------------------------------------

    Name:
Title: Jean Tremblay
Managing Director

  By: /s/ Ignacio Piñeros    

--------------------------------------------------------------------------------

    Name:
Title: Ignacio Piñeros
Director

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  USB LOAN FINANCE LLC,
as a Syndication Agent and a Lender

  By: /s/ Richard L. Tavrow    

--------------------------------------------------------------------------------

    Name:
Title: Richard L. Tavrow
Director

  By: /s/ Irja R. Otsa    

--------------------------------------------------------------------------------

    Name:
Title: Irja R. Otsa
Associate Director

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  BANK OF AMERICA, N.A.,
as a Lender

  By: /s/ Chas McDonell    

--------------------------------------------------------------------------------

    Name:
Title: Chas McDonell
Senior Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  LEHMAN COMMERCIAL PAPER INC.,
as a Documentation Agent and as a Lender

  By: /s/ Diane Albanese    

--------------------------------------------------------------------------------

    Name:
Title: Diane Albanese
Authorized Signatory

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  BANK OF TOKYO-MITSUBISHI UFJ TRUST COMPANY,
as a Lender

  By: /s/ Harumi Kambara    

--------------------------------------------------------------------------------

    Name:
Title: Harumi Kambara
AVP

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  THE ROYAL BANK OF SCOTLAND PLC,
as a Lender

  By: /s/ Belinda Wheeler    

--------------------------------------------------------------------------------

    Name:
Title: Belinda Wheeler
Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  SUNTRUST BANK,
as a Lender

  By: /s/ Douglas O'Bryan    

--------------------------------------------------------------------------------

    Name:
Title: Douglas O'Bryan
Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  BANK AUSTRIA CREDITANSTALT AG,
as a Lender

  By: /s/ Ingo Bleier /s/ Hilke Schubert    

--------------------------------------------------------------------------------

    Name:
Title: Ingo Bleier and Hilke Schubert
Deputy Managing Director
and Senior Manager

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  COMERICA BANK,
as a Lender

  By: /s/ Robert M. Ramirez    

--------------------------------------------------------------------------------

    Name:
Title: Robert M. Ramirez
Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  NATIONAL CITY BANK OF THE MIDWEST,
as a Lender

  By: /s/ Carlton M. Faison    

--------------------------------------------------------------------------------

    Name:
Title: Carlton M. Faison
Senior Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  FIFTH THIRD BANK,
as a Lender

  By: /s/ Michael Blackburn    

--------------------------------------------------------------------------------

    Name:
Title: Michael Blackburn
Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  LANDESBANK BADEN-WUERTTEMBERG,
New York Branch and/or Cayman Islands Branch
as a Lender

  By: /s/ Karen Richard    

--------------------------------------------------------------------------------

    Name:
Title: Karen Richard
VP & Head of Corporate Desk

  By: /s/ Carolyn Gutbrod    

--------------------------------------------------------------------------------

    Name:
Title: Carolyn Gutbrod
Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  THE BANK OF NOVA SCOTIA,
as a Lender

  By: /s/ V. Gibson    

--------------------------------------------------------------------------------

    Name:
Title: V. Gibson
Asst. Agent

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  BAYERISCHE LANDESBANK, acting through
its Cayman Islands Branch, as a Lender

  By: /s/ Catherine Schilling    

--------------------------------------------------------------------------------

    Name:
Title: Catherine Schilling
Vice President

  By: /s/ Norman McClave    

--------------------------------------------------------------------------------

    Name:
Title: Norman McClave
First Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  THE BANK OF NEW YORK,
as a Lender

  By: /s/ Kevin A. Higgins    

--------------------------------------------------------------------------------

    Name:
Title: Kevin A. Higgins
Vice President

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

  GENERAL ELECTRIC CAPITAL CORPORATION,
as a Lender

  By: /s/ Rebecca L. Milligan    

--------------------------------------------------------------------------------

    Name:
Title: Rebecca L. Milligan
Duly Authorized Signatory

SIGNATURE PAGE TO ARVINMERITOR, INC. CREDIT AGREEMENT

--------------------------------------------------------------------------------

EXHIBIT A-1
TO
CREDIT AGREEMENT

REVOLVING LOAN COMMITMENTS

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Lender   Revolving Loan Commitment  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  JPMorgan Chase Bank, National Association  $100,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Citicorp North America, Inc.  $100,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  BNP Paribas  $85,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  ABN AMRO Bank N.V  $85,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  UBS Loan Finance LLC  $85,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Bank of America, N.A  $65,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

   Lehman Commercial Paper Inc.  $60,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

   Bank of Tokyo-Mitsubishi UFJ Trust Company  $50,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  The Royal Bank of Scotland PLC  $50,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Suntrust Bank  $50,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Bank Austria Creditanstalt AG  $48,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Comerica Bank  $40,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  National City Bank of The Midwest  $30,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Fifth Third Bank  $30,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Landesbank Baden-Wuerttemberg  $25,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  The Bank of Nova Scotia  $25,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

   Bayerische Landesbank  $22,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  The Bank of New York  $20,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

   General Electric Capital Corp.  $10,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total   $980,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

A-1

--------------------------------------------------------------------------------

EXHIBIT A-2
TO
CREDIT AGREEMENT

TERM LOAN COMMITMENTS

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Lender   Term Loan Commitment  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  JPMorgan Chase Bank, National Association  $70,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Citicorp North America, Inc.  $70,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  General Electric Capital Corp.  $10,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Bank Austria Creditanstalt AG   $8,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  National City Bank of The Midwest  $3,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Landesbank Baden-Wuerttemberg  $3,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  Bayerische Landesbank  $3,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  The Bank of New York  $3,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total   $170,000,000  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

A-2

--------------------------------------------------------------------------------

EXHIBIT B
TO
CREDIT AGREEMENT

FORM OF BORROWING/ELECTION NOTICE

TO: JPMorgan Chase Bank, National Association, as the “Administrative Agent”
under that certain Credit Agreement, dated as of June 23, 2006, by and among
ArvinMeritor, Inc., an Indiana corporation (the “Company”), ArvinMeritor Finance
Ireland (the “Subsidiary Borrower”), the institutions from time to time parties
thereto as “Lenders”, the Administrative Agent, Citicorp North America, Inc. and
UBS Loan Finance LLC, as Syndication Agents, and ABN AMRO Bank N.V., BNP Paribas
and Lehman Commercial Paper Inc., as Documentation Agents (as the same may be
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”).

                 The Company hereby gives to the Administrative Agent a
Borrowing/Election Notice pursuant to [Section 2.1][Section 2.2][Section 2.9] of
the Credit Agreement [on behalf of the Subsidiary Borrower] and hereby requests
to borrow [on behalf of the Subsidiary Borrower] on ______________ (the
“Borrowing Date”):

  (a)  from the Lenders, on a pro rata basis, an aggregate principal Dollar
Amount of $_________ in Revolving Loans as:

  1.  [ballot.jpg] a Floating Rate Advance (in Dollars)

  2.  [ballot.jpg] a Eurocurrency Rate Advance with the following
characteristics:

Interest Period of ________ month(s)

Agreed Currency: [Dollars] [euro] [Sterling] [other]

  (b)  from the Swing Line Bank a Swing Line Loan in the amount of
$____________.

                 The undersigned hereby certifies to the Administrative Agent
and the Lenders that: (i) no Default or Unmatured Default has occurred and is
continuing on the date hereof or on the Borrowing Date or will result from the
making of the proposed Loans; (ii) the representations and warranties of the
undersigned contained in Article VI of the Credit Agreement are and shall be
true and correct in all material respects on and as of the date hereof and on
and as of the Borrowing Date (unless, on either such date, such representation
and warranty is made as of a specific date, in which case, such representation
and warranty shall be true in all material respects as of such date); (iii) the
Dollar Amount of the Revolving Credit Obligations does not, and after making the
Loan[s] requested herein would not, exceed the Aggregate Revolving Loan
Commitment; (iv) the Dollar Amount of the Revolving Credit Obligations
denominated in Agreed Currencies other than Dollars does not, and after making
the Loan[s] requested herein would not, exceed the Foreign Currency Sublimit and
(v) all other relevant conditions set forth in Article V of the Credit Agreement
have been satisfied.

B-1

--------------------------------------------------------------------------------

                 Unless otherwise defined herein, terms defined in the Credit
Agreement shall have the same meanings in this Borrowing/Election Notice.

Dated: ______________ ARVINMERITOR, INC.[, ON BEHALF OF ARVINMERITOR FINANCE
IRELAND], as the Company

By:________________________
Name:
Title:

B-2

--------------------------------------------------------------------------------

EXHIBIT C
TO
CREDIT AGREEMENT

FORM OF REQUEST FOR LETTER OF CREDIT

TO: JPMorgan Chase Bank, National Association, as the “Administrative Agent”
under that certain Credit Agreement, dated as of June 23, 2006, by and among
ArvinMeritor, Inc., an Indiana corporation (the “Company”), ArvinMeritor Finance
Ireland (the “Subsidiary Borrower”), the institutions from time to time parties
thereto as “Lenders”, the Administrative Agent, Citicorp North America, Inc. and
UBS Loan Finance LLC, as Syndication Agents, and ABN AMRO Bank N.V., BNP Paribas
and Lehman Commercial Paper Inc., as Documentation Agents (as the same may be
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”).

                 Pursuant to Section 3.4 of the Credit Agreement, the Company
[on behalf of the “Subsidiary Borrower”] hereby gives to the Issuing Bank a
request for issuance of a Letter of Credit on behalf of [the Company][the
Subsidiary Borrower], for the benefit of ______________ (1), in the Dollar
Amount of $_________, with an effective date of ______________ (the “Effective
Date”) and an expiry date of ______________. The Agreed Currency requested for
such Letter of Credit is [Dollars] [euro] [Sterling] [other].

[Insert or attach any applicable instructions and /or conditions].

                 The undersigned hereby certifies that: (i) no Default or
Unmatured Default has occurred and is continuing on the date hereof or on the
Effective Date or will result from the issuance of the requested Letter of
Credit; (ii) the representations and warranties of the undersigned contained in
Article VI of the Credit Agreement are and shall be true and correct in all
material respects on and as of the date hereof and on and as of the Effective
Date (unless, on either such date, such representation and warranty is made as
of a specific date, in which case, such representation and warranty shall be
true in all material respects as of such date); (iii) the Dollar Amount of the
Revolving Credit Obligations does not, and after issuing the Letter of Credit
requested hereby would not, exceed the Aggregate Revolving Loan Commitment; (iv)
the Dollar Amount of the Revolving Credit Obligations denominated in Agreed
Currencies other than Dollars does not, and after issuing the Letter of Credit
requested hereby would not, exceed the Foreign Currency Sublimit and (v) all
other relevant conditions set forth in Section 3.4 and Article V of the Credit
Agreement have been satisfied.

--------------------------------------------------------------------------------

(1)     Insert name of beneficiary.

C-1

--------------------------------------------------------------------------------

                 Unless otherwise defined herein, terms defined in the Credit
Agreement shall have the same meanings in this Request for Letter of Credit.

Dated: ______________ ARVINMERITOR, INC., [ON BEHALF OF ARVINMERITOR FINANCE
IRELAND], as the Company

By:________________________
Name:
Title:

C-2

--------------------------------------------------------------------------------

EXHIBIT D
TO
CREDIT AGREEMENT

FORM OF ASSIGNMENT AGREEMENT

                 This Assignment Agreement (this “Assignment Agreement”) is
dated as of the Effective Date set forth below and is entered into by and
between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee]
(the “Assignee”). Capitalized terms used but not defined herein shall have the
meanings given to them in the “Credit Agreement” identified below, receipt of a
copy of which is hereby acknowledged by the Assignee. The Terms and Conditions
set forth in Annex 1 attached hereto are hereby agreed to and incorporated
herein by reference and made a part of this Assignment Agreement as if set forth
herein in full.

                 For an agreed consideration, the Assignor hereby irrevocably
sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Terms and
Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below, the interest in and to all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit
Agreement and any other documents or instruments delivered pursuant thereto that
represents the amount and percentage interest identified below of all of the
Assignor’s outstanding rights and obligations under the respective facilities
identified below (including, without limitation, any letters of credit,
guaranties and swingline loans included in such facilities and, to the extent
permitted to be assigned under applicable law, all claims (including without
limitation contract claims, tort claims, malpractice claims, statutory claims
and all other claims at law or in equity), suits, causes of action and any other
right of the Assignor against any Person whether known or unknown arising under
or in connection with the Credit Agreement, any other documents or instruments
delivered pursuant thereto or the loan transactions governed thereby) (the
“Assigned Interest”). Such sale and assignment is without recourse to the
Assignor and, except as expressly provided in this Assignment Agreement, without
representation or warranty by the Assignor.

1. Assignor: ___________________________

2. Assignee: ___________________________ [and is an Affiliate/Approved
Fund of [identify Lender]](2)

3. Company: ArvinMeritor, Inc.                               

--------------------------------------------------------------------------------

(2)     Select as applicable.

D-1

--------------------------------------------------------------------------------

4. Administrative
Agent: JPMorgan Chase Bank, National
Association, as the Administrative Agent
under the Credit Agreement                         

5. Credit
Agreement The Credit Agreement, dated as of June 23, 2006, by and among
ArvinMeritor, Inc., an Indiana corporation (the “Company”), ArvinMeritor Finance
Ireland (the “Subsidiary Borrower”), the institutions from time to time parties
thereto as “Lenders”, JPMorgan Chase Bank, National Association, as
Administrative Agent, Citicorp North America, Inc. and UBS Loan Finance LLC, as
Syndication Agents, and ABN AMRO Bank N.V., BNP Paribas and Lehman Commercial
Paper Inc., as Documentation Agents (as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”).

6. Assigned
Interest:  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

 

Facility Assigned Aggregate Dollar Amount of [Revolving] [Term] Loan
Commitment/Loans for all Lenders* Dollar Amount of [Revolving] [Term] Loan
Commitment/Loans Assigned* Percentage Assigned of [Revolving] [Term] Loan
Commitment/Loans(3)

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

[Revolving] [Term] Loan Commitment $ $ ______%

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

6. Trade Date: ___________________________ (4)

Effective Date: ____________, 20__ [TO BE INSERTED BY THE ADMINISTRATIVE AGENT
AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER BY THE
ADMINISTRATIVE AGENT.]

--------------------------------------------------------------------------------

*     Amount to be adjusted by the counterparties to take into account any
payments or prepayments made between the Trade Date and the Effective Date.

(3)     Set forth, to at least 9 decimals, as a percentage of the Revolving or
Term Loan Commitment or Loans of all Lenders thereunder.

(4)     Insert if satisfaction of minimum amounts is to be determined as of the
Trade Date.

D-2

--------------------------------------------------------------------------------

                 The terms set forth in this Assignment Agreement are hereby
agreed to:

  ASSIGNOR
[NAME OF ASSIGNOR]

  By:      

--------------------------------------------------------------------------------

    Name:
Title:    

ASSIGNEE
[NAME OF ASSIGNEE]

  By:      

--------------------------------------------------------------------------------

    Name:
Title:  

[Consented to and](5) Accepted:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent

  By:      

--------------------------------------------------------------------------------

    Name:
Title:    

[Consented to:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Issuing Bank

  By:      

--------------------------------------------------------------------------------

    Name:
Title:](6)    

--------------------------------------------------------------------------------

(5)     To be added only if the consent of the Administrative Agent is required
by the terms of the Credit Agreement.

(6)     To be added only if the consent of the Issuing Bank is required by the
terms of the Credit Agreement.

D-3

--------------------------------------------------------------------------------

[Consented to:

ARVINMERITOR, INC., as the Company

  By:      

--------------------------------------------------------------------------------

    Name:
Title:](7)    

--------------------------------------------------------------------------------

(7)     To be added only if the consent of the Company is required by the terms
of the Credit Agreement.

D-4

--------------------------------------------------------------------------------

ANNEX 1
TERMS AND CONDITIONS FOR
ASSIGNMENT AGREEMENT

         1.   Representations and Warranties.

        1.1 Assignor. The Assignor represents and warrants that (i) it is the
legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest
is free and clear of any lien, encumbrance or other adverse claim and (iii) it
has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment Agreement and to consummate the transactions
contemplated hereby. Neither the Assignor nor any of its officers, directors,
employees, agents or attorneys shall be responsible for (i) any statements,
warranties or representations made in or in connection with the Credit Agreement
or any other Loan Document, (ii) the execution, legality, validity,
enforceability, genuineness, sufficiency, perfection, priority, collectibility,
or value of the Loan Documents, (iii) the financial condition of the Company,
any of its Subsidiaries or Affiliates or any other Person obligated in respect
of any Loan Document, (iv) the performance or observance by the Company, any of
its Subsidiaries or Affiliates or any other Person of any of their respective
obligations under any Loan Document, (v) inspecting any of the property, books
or records of the Company, or any guarantor, or (vi) any mistake, error of
judgment, or action taken or omitted to be taken in connection with the Loans or
the Loan Documents.

        1.2.   Assignee. The Assignee (a) represents and warrants that (i) it
has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment Agreement and to consummate the transactions
contemplated hereby and to become a Lender under the Credit Agreement, (ii) from
and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest,
shall have the obligations of a Lender thereunder, (iii) agrees that its payment
instructions and notice instructions are as set forth in Schedule 1 to this
Assignment Agreement, (iv) none of the funds, monies, assets or other
consideration being used to make the purchase and assumption hereunder are
assets considered for purposes of ERISA or Section 4975 of the Code to be assets
of or on behalf of any “plan” as defined in Section 3(3) of ERISA or Section
4975 of the Code, regardless of whether subject to ERISA or Section 4975 of the
Code, and that its rights, benefits and interests in and under the Loan
Documents will not be “plan assets” under ERISA, (v) it is not relying on or
looking to any Margin Stock for repayment of the Loans and Reimbursement
Obligations provided for in the Credit Agreement, (vi) agrees to indemnify and
hold the Assignor harmless against all losses, costs and expenses (including,
without limitation, reasonable attorneys’ fees) and liabilities incurred by the
Assignor in connection with or arising in any manner from the Assignee’s
non-performance of the obligations assumed under this Assignment Agreement,
(vii) it has received a copy of the Credit Agreement, together with copies of
financial statements and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this
Assignment Agreement and to purchase the Assigned Interest on the basis of which
it has made such analysis and decision independently and without reliance on the
Administrative Agent or any other Lender, and (viii) attached as Schedule 1 to
this Assignment Agreement is any documentation required to be delivered by the
Assignee with respect to its tax status pursuant to the terms of the Credit
Agreement, duly completed and executed by the Assignee and (b) agrees (i) that
it will, independently and without reliance on the Administrative Agent, the
Assignor or any other

D-5

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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 the Loan Documents and (ii) that it will perform in accordance with
their terms all of the obligations which by the terms of the Loan Documents are
required to be performed by it as a Lender.

        2.   Payments. The Assignee shall pay the Assignor, on the Effective
Date, the Dollar Amount agreed to by the Assignor and the Assignee. From and
after the Effective Date, the Administrative Agent shall make all payments in
respect of the Assigned Interest (including payments of principal, interest,
fees and other amounts) to the Assignor for amounts which have accrued to but
excluding the Effective Date and to the Assignee for amounts which have accrued
from and after the Effective Date.

        3.   General Provisions. This Assignment Agreement shall be binding
upon, and inure to the benefit of, the parties hereto and their respective
successors and assigns. This Assignment Agreement may be executed in any number
of counterparts, which together shall constitute one instrument. Delivery of an
executed counterpart of a signature page of this Assignment Agreement by
telecopy shall be effective as delivery of a manually executed counterpart of
this Assignment Agreement. This Assignment Agreement shall be governed by, and
construed in accordance with, the laws of the State of New York.

D-6

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SCHEDULE 1 – PART I

ADMINISTRATIVE QUESTIONNAIRE

D-7

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SCHEDULE 1 – PART II

U.S. AND NON-U.S. TAX INFORMATION REPORTING REQUIREMENTS

D-8

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EXHIBIT E
TO
CREDIT AGREEMENT

LIST OF CLOSING DOCUMENTS

Attached.

E-1

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EXHIBIT F
TO
CREDIT AGREEMENT

FORM OF COMPLIANCE CERTIFICATE (8)

         Pursuant to Section 7.1(C) of that certain Credit Agreement, dated as
of June 23, 2006, by and among ArvinMeritor, Inc., an Indiana corporation (the
“Company”), ArvinMeritor Finance Ireland (the “Subsidiary Borrower”), the
institutions from time to time parties thereto as “Lenders”, the Administrative
Agent, Citicorp North America, Inc. and UBS Loan Finance LLC, as Syndication
Agents, and ABN AMRO Bank N.V., BNP Paribas and Lehman Commercial Paper Inc., as
Documentation Agents (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), the Company,
through a Designated Financial Officer, hereby delivers this Compliance
Certificate (this “Certificate”) to the Administrative Agent, together with the
financial statements being delivered to the Administrative Agent pursuant to
Section 7.1[(A)][(B)]of the Credit Agreement for the accounting period as at,
and for the periods ending on, ____________, ____ (the “Financial Statements”).
Capitalized terms used herein and in the Schedules attached hereto shall have
the meanings set forth in the Credit Agreement. Subsection references herein
relate to subsections of the Credit Agreement.

        THE UNDERSIGNED HEREBY CERTIFIES THAT:

        1.   I am the duly appointed [_____________]of the Company and
constitute a Designated Financial Officer under (and as defined in) the Credit
Agreement.

        2.   I have reviewed the terms of the Credit Agreement and I have made,
or have caused to be made under my supervision, a detailed review of the
transactions and conditions of the Company and its Subsidiaries during the
accounting period covered by the attached financial statements.

        3.   The examinations described in paragraph 2 did not disclose, and I
have no knowledge of, the existence of any condition or event which constitutes
a Default or Unmatured Default as of the date of this Certificate, except as set
forth below.

        4.   Schedule I attached hereto sets forth financial data and
computations evidencing the Company’s compliance with certain covenants and
other provisions of the Credit Agreement related to the information set forth on
the Financial Statements, all of which data and computations are true, complete
and correct and in conformity with Agreement Accounting Principles.

        5.   Schedule II attached hereto sets forth financial data and
computations setting forth the book value of the Collateral and calculation of
the Company’s “Consolidated Net Tangible

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(8)     Appropriate modifications acceptable to the Administrative Agent shall
be made to this Exhibit G in the context of demonstrating pro forma covenant
compliance as a condition precedent to a Permitted Acquisition.

F-1

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Assets” under (and as defined in) the 1998 Senior Note Indenture (in detail
substantially similar to the detail contained in the comparable schedule
delivered to the Administrative Agent prior to the Closing Date).

        6.   Schedule III attached hereto sets forth the Applicable Moody’s
Rating and Applicable S&P Rating of the Company.

        7.   Schedule IV attached hereto sets forth the various reports and
deliveries which are required under the Credit Agreement.

        8.   The information set forth herein is accurate as of _____________,
20__, and the Financial Statements delivered herewith fairly present in all
material respects the consolidated financial position of the Company and its
Subsidiaries at the dates indicated and the results of their operations and cash
flows and changes in their financial position for the periods ending on the date
indicated in conformity with Agreement Accounting Principles, consistently
applied, subject to normal year-end audit adjustments and the absence of
footnotes.

        9.   Described below are the exceptions, if any, to paragraph 3 by
listing, in detail, the nature of the condition or event, the period during
which it has existed and the action which the Company has taken, is taking, or
proposes to take with respect to each such condition or event:

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F-2

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The foregoing certifications, together with the computations set forth in
Schedule I hereto, the information set forth in Schedule II hereto and the
Financial Statements delivered with this Certificate attached as Schedule III
hereto in support hereof, are made and delivered this _____ day of __________,
20___.

  ARVINMERITOR, INC., as the Company

  By:      

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    Name:
Title:  

F-3

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SCHEDULE I TO COMPLIANCE CERTIFICATE

Compliance as of __________, _____
with certain provisions of the Credit Agreement

        The computations set forth in this Schedule Iare designed to facilitate
the calculation of financial covenants and certain other provisions in the
Credit Agreement relating to the information set forth in the Company’s
consolidated financial statements delivered with this Certificate. The
computations set forth in this Schedule I have been made in accordance with
Agreement Accounting Principles which may not conform with generally accepted
accounting principles. The use of abbreviated terminology and/or descriptions in
the computations below are not in any way intended to override or eliminate the
more detailed descriptions for such computations set forth in the relevant
provisions of the Credit Agreement, all of which shall be deemed to control. In
addition, the failure to identify any specific provisions or terms of the Credit
Agreement in this Schedule I does not in any way affect their applicability
during the periods covered by such financial statements or otherwise, which
shall in all cases be governed by the Credit Agreement. For purposes of this
Schedule I, the “Measurement Quarter” shall be the fiscal quarter of the Company
ending on the date set forth above.

I. FINANCIAL COVENANTS             A DEBT RATIO (Section 7.4(A))     1. Total
Indebtedness (as of the end of the Measurement Quarter)           a.

"Indebtedness" (as defined in the Credit Agreement) of the Company and its
consolidated Subsidiaries   $_______       b.

minus Indebtedness in respect of the Preferred Capital Securities - $_______    
  c. minus Foreign Factoring Transactions carveout             i.

Receivables Facility Attributable Indebtedness arising in connection with
Foreign Factoring Transactions $_______           ii. Maximum carveout
$75,000,000           iii.

Foreign Factoring Transactions carveout (lesser of I.A.1.c.i. and I.A.1.c.ii.) -
$_______       d. minus Permitted Receivables Financings carveout             i.

Receivables Facility Attributable Indebtedness arising in connection with
Permitted Receivables Financings $_______           ii. Maximum carveout
 $250,000,000           iii.

Permitted Receivables Financings carveout (lesser of I.A.1.d.i. and I.A.1.d.ii.)
- $_______

F-4

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    e.

minus the amount identified on the Company's consolidated balance sheet as "cash
and cash equivalents" to the extent (i) such cash and cash equivalents are
unrestricted and (ii) such amount is greater than $50,000,000 but less than
$150,000,000 - $_______       f. = Total Indebtedness (sum of I.A.1.a. through
I.A.1.e.) = $_______     2. EBITDA (for the four consecutive fiscal quarters
then ending)       a.

consolidated net income (or loss) of the Company and its Subsidiaries   $_______
      b. plus Interest Expense (I.B.2.d.) + $_______       c. plus income taxes
+ $_______       d. plus depreciation expense + $_______       e. plus
amortization expense + $_______       f. minus (plus) any extraordinary gains
(losses) -/+ $_______       g.

minus (plus) any special, non-recurring, non-cash gains (charges) such as those
arising out of the ongoing restructuring or consolidation of the operations of
the Company and its Subsidiaries -/+ $_______       h.

minus (plus) the cumulative effect of Accounting Changes listed below and
adopted after the Closing Date: ____________________________________________ -/+
$_______       i. = EBITDA (sum of I.A.2.a. through I.A.2.h.) = $_______     3.
Debt Ratio (Ratio of I.A.1.f. to I.A.2.i.)   ____ to 1.00

  4. Maximum Debt Ratio 4.25 to 1.00 on the last day of any fiscal quarter from
the Closing Date through and including the fiscal quarter ending on or about
June 30, 2008, (ii) 4.00 to 1.00 on the last day of any fiscal quarter from the
fiscal quarter ending on or about September 30, 2008 through and including the
fiscal quarter ending on or about June 30, 2010 and (iii) 3.75 to 1.00 on the
last day of any fiscal quarter thereafter. (9)       The Debt Ratio in I.A.3.
shall not exceed the Maximum Debt Ratio in I.A.4

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(9)     In the case of a Compliance Certificate delivered in connection with a
Permitted Acquisition, the Maximum Debt Ratio shall not be less than (x) 4.00 to
1.00 on the last day of any fiscal quarter from the Closing Date through and
including the fiscal quarter ending on or about June 30, 2008, (y) 3.75 to 1.00
on the last day of any fiscal quarter from the fiscal quarter ending on or about
September 30, 2008 through and including the fiscal quarter ending on or about
June 30, 2010 and (z) 3.50 to 1.00 on the last day of any fiscal quarter
thereafter.

F-5

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  B. MINIMUM FIXED CHARGE COVERAGE RATIO (Section 7.4(B))     1. FIXED CHARGES
(for the four consecutive fiscal quarters then ending)       a. EBITDA
(I.A.2.i.)   $_______       b. minus Capital Expenditures - $_______       c. =
Fixed Charges (sum of I.B.1.a. and I.B.1.b.) = $_______     2. INTEREST EXPENSE
(for the four consecutive fiscal quarters then ending)       a.

consolidated interest expense of the Company and its Subsidiaries   $_______    
  b.

minus interest income received by the Company and its Subsidiaries from
Investments - $_______       c.

minus Receivables Facility Financing Costs (to the extent constituting interest
expense in I.B.2.a. above) - $_______       d. = Interest Expense (sum of
I.B.2.a. though I.B.2.c.) = $_______     3. Fixed Charge Coverage Ratio (Ratio
of I.B.1.c. to I.B.2.d.) ____ to 1.00     4. Minimum Fixed Charge Coverage Ratio
1.50 to 1.00       The Fixed Charge Coverage Ratio in I.B.3. shall not be less
than the Minimum Fixed Charge Coverage Ratio in I.B.4

F-6

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II. ASSET SALES (Section 7.3(C))     A. TEST BASIS     1. Date of the first
Asset Sale consummated after the Closing Date   _______     2.

Aggregate book value of the Company's Consolidated Assets as of the end of the
fiscal quarter immediately preceding the above-referenced Asset Sale   _______  
  B. ANNUAL BASKET (for the fiscal year containing the Measurement Quarter)    
1. 15.0% of the amount set forth in II.A.2.   _______     2.

State whether the aggregate proceeds generated by all Asset Sales of the Company
and its Subsidiaries during the fiscal year containing the Measurement Quarter
exceed the amount set forth in II.B.1.   Yes/No     C.

CUMULATIVE CONSOLIDATED BASKET (for the period from the Closing Date through the
Measurement Quarter)     1. 25% of the amount set forth in II.A.2.   _______    
2.

State whether the aggregate proceeds generated by all Asset Sales of the Company
and its Subsidiaries since the Closing Date exceed the amount set forth in
II.C.1.   Yes/No     D. CUMULATIVE DOMESTIC BASKET     1. 7.5% of the amount set
forth in II.A.2.   _______     2.

State whether the aggregate proceeds generated by all Asset Sales of the Company
and the Domestic Subsidiary Guarantors since the Closing Date exceed the amount
set forth in II.D.1.   Yes/No     The Administrative Agent may request a
certificate of a Designated Financial Officer setting forth a calculation (in
detail reasonably satisfactory to the Administrative Agent) of the amount
described in each of Items II.B.2., II.C.2. and II.D.2. confirming the Company’s
statements in respect of such Items.

 

F-7

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III.     CERTAIN OTHER MISCELLANEOUS BASKETS BASED ON FINANCIAL STATEMENTS

  A. Additional Subsidiary Guarantors (Section 7.2(K))

          1.        Identify on Exhibit A hereto each Person that (a)(i) is a
Domestic Subsidiary or a Special Foreign Subsidiary or (ii) is a Foreign
Subsidiary that guarantees any third party Indebtedness of the Company or any
Domestic Subsidiary other than the Obligations and (b) is not a Subsidiary
Guarantor or has not executed the collateral documentation required pursuant to
Section 7.2(L)(i) (other than any Person not required to become a Subsidiary
Guarantor pursuant to Section 7.2(K)(iv)).

  B. Indebtedness (Section 7.3(A))

  1. State whether the amount of secured Indebtedness of the Company and the
Domestic Subsidiary Guarantors permitted solely under Section 7.3(A)(vi)
exceeded $25,000,000 at any time during the Measurement Quarter

        Yes/No

  2. State whether the amount of Receivables Facility Attributed Indebtedness
arising in connection with Permitted Domestic Receivables Financings exceeded
$275,000,000 at any time during the Measurement Quarter

        Yes/No

  3. State whether the amount of Receivable Facility Attributed Indebtedness
arising in connection with Permitted Foreign Receivables Financings exceeded
$200,000,000 at any time during the Measurement Quarter

        Yes/No

  4. State whether the sum of (a) Indebtedness of any Foreign Subsidiary
permitted solely under Section 7.3(A)(vii) and (b) Receivables Facility
Attributed Indebtedness arising in connection with Permitted Foreign Receivables
Financings exceeded $250,000,000 at any time during the Measurement Quarter

        Yes/No

F-8

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  C. Investments (Section 7.3(E))

  1. The amount of proceeds of sales of Capital Stock of, or assets of, Foreign
Subsidiaries occurring after the Closing Date that have been distributed to or
otherwise received by the Company or a Domestic Subsidiary Guarantor

        $_______

  2. State whether the amount of Investments by the Company or any Domestic
Subsidiary Guarantor in Foreign Subsidiaries permitted solely under Section
7.3(E)(ii)(c) exceeded the sum of (1) $200,000,000 and (2) the amount set forth
in III.C.1 at any time during the Measurement Quarter

        Yes/No

  3. 7.5% of the Company’s Consolidated Assets as of the last day of the fiscal
quarter immediately preceding the Measurement Quarter
        $_______

  4. State whether the amount of Investments of a type not described in Section
7.3(E)(i) to (vii) exceeded the amount set forth in III.C.3. at any time during
the Measurement Quarter

        Yes/No

  D. Liens (Section 7.3(F))

  1. State whether the Company or any of its Subsidiaries created, incurred or
suffered to exist any Lien not otherwise permitted by Section 7.3(F) at any time
during the Measurement Quarter

        Yes/No

  E. Restricted Payments (Section 7.3(L))

  1. State whether the sum of (1) the aggregate amount of cash dividends with
respect to the Capital Stock of the Company paid during the fiscal year
including the Measurement Quarter and (2) the aggregate purchase price with
respect to repurchases of shares of Capital Stock of the Company made during
such fiscal year exceeded $40,000,000

        Yes/No

  2. State whether the aggregate purchase price with respect to repurchases of
shares of Capital Stock of the Company permitted under Section 7.3(L)(ii)
completed since the Closing Date exceeded $25,000,000

        Yes/No

F-9

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EXHIBIT A
TO
SCHEDULE 1 of COMPLIANCE CERTIFICATE

a. Domestic Subsidiaries

b. Special Foreign Subsidiaries

c. Other Foreign Subsidiaries

F-10

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SCHEDULE II TO COMPLIANCE CERTIFICATE

Collateral; Consolidated Net Tangible Assets

F-11

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SCHEDULE III TO COMPLIANCE CERTIFICATE

Applicable Ratings

Senior Secured Ratings

The rating now in effect with respect to the Company’s senior secured long-term
debt securities without third-party credit enhancement is:

   ________ from Moody's

________ from S&P

Corporate Ratings

The senior implied credit rating and the corporate credit rating from Moody’s
and S&P, respectively, and now in effect is:

   ________ from Moody's

________ from S&P

F-12

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SCHEDULE IV TO COMPLIANCE CERTIFICATE

Reports and Deliveries

Attached.

F-13

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EXHIBIT G-1
TO
CREDIT AGREEMENT

FORM OF REVOLVING LOAN NOTE

[_________], 20[__]

                 [ARVINMERITOR, INC., an Indiana corporation (the
“Company”)][ARVINMERITOR FINANCE IRELAND (the “Subsidiary Borrower”)], promises
to pay to the order of __________________ (the “Lender”) the aggregate unpaid
principal amount of all Revolving Loans made by the Lender to the [Company]
[Subsidiary Borrower] pursuant to Article II of the below-described Credit
Agreement. Such payments shall be made in immediately available funds on the
dates and at the offices of JPMorgan Chase Bank, National Association, as
Administrative Agent, specified in the Credit Agreement, together with interest
on the unpaid principal amount thereof at the rates and on the dates determined
in accordance with the Credit Agreement. The [Company] [Subsidiary Borrower]
shall pay the principal of and accrued and unpaid interest on the Revolving
Loans in full on the Termination Date and as otherwise set forth in the Credit
Agreement.

                 The Lender shall, and is hereby authorized to, record on the
schedule attached hereto, or otherwise record in accordance with its usual
practice, the date and amount of each Revolving Loan and the date and amount of
each principal payment hereunder.

                 This Revolving Loan Note (this “Note”) is one of the promissory
notes issued pursuant to, and is entitled to the benefits of, the Credit
Agreement, dated as of June 23, 2006, by and among [the Company, the Subsidiary
Borrower] [ArvinMeritor, Inc., an Indiana corporation, ArvinMeritor Finance
Ireland], the institutions from time to time parties thereto as “Lenders”,
JPMorgan Chase Bank, National Association, as Administrative Agent, Citicorp
North America, Inc. and UBS Loan Finance LLC, as Syndication Agents, and ABN
AMRO Bank N.V., BNP Paribas and Leman Commercial Paper Inc., as Documentation
Agents (as the same may be amended, restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”), to which reference is hereby made
for a statement of the terms and conditions governing this Note, including the
terms and conditions under which this Note may be prepaid or its maturity date
accelerated. Each capitalized term used herein and not defined herein shall have
the meaning ascribed thereto in the Credit Agreement. The Credit Agreement,
among other things, provides for the making of Revolving Loans by the Lender to
the Borrowers (including the [Company] [Subsidiary Borrower]) from time to time
in an aggregate amount not to exceed at any time outstanding such Lender’s
Revolving Loan Commitment.

                 This Note is secured by the Collateral Documents. Reference is
hereby made to the Collateral Documents for a description of the collateral
thereby mortgaged, warranted, bargained, sold, released, conveyed, assigned,
transferred, pledged and hypothecated, the nature and extent of the security for
this Note, the rights of the holder of this Note and the Administrative Agent in
respect of such security and otherwise.

G-1-1

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                 The [Company] [Subsidiary Borrower] hereby waives presentment,
demand, protest and notice of any kind. No failure to exercise, and no delay in
exercising, any rights hereunder on the part of the holder hereof shall operate
as a waiver of such rights.

                 This Note shall be governed by, and construed in accordance
with, the laws of the State of New York.

  [ARVINMERITOR, INC.] [ARVINMERITOR FINANCE IRELAND], as the [Company]
[Subsidiary Borrower]

  By:      

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    Name:
Title:  

G-1-2

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Revolving Loan and Principal Payment Schedule to
[ArvinMeritor, Inc.] [ArvinMeritor Finance Ireland] Revolving Loan Note

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Date Principal Amount of Revolving Loan Maturity of Interest Period Principal
Amount Paid and Date of Payment Unpaid Balance

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G-1-3

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EXHIBIT G-2
TO
CREDIT AGREEMENT

FORM OF TERM LOAN NOTE

[_________], 20[__]

                 ARVINMERITOR, INC., an Indiana corporation (the “Company”),
promises to pay to the order of __________________ (the “Lender”) the aggregate
unpaid principal amount of the Term Loan made by the Lender to the Company
pursuant to Article II of the below-described Credit Agreement. Such payments
shall be made in immediately available funds on the dates and at the offices of
JPMorgan Chase Bank, National Association, as Administrative Agent, specified in
the Credit Agreement, together with interest on the unpaid principal amount
thereof at the rates and on the dates determined in accordance with the Credit
Agreement. The Company shall pay the principal of and accrued and unpaid
interest on such Term Loan in full on the Term Loan Maturity Date and as
otherwise set forth in the Credit Agreement.

                 The Lender shall, and is hereby authorized to, record on the
schedule attached hereto, or otherwise record in accordance with its usual
practice, the Term Loan owing to the Lender and the date and amount of each
principal payment hereunder.

                 This Term Loan Note (this “Note”) is one of the promissory
notes issued pursuant to, and is entitled to the benefits of, the Credit
Agreement, dated as of June 23, 2006, by and by and among the Company,
ArvinMeritor Finance Ireland, the institutions from time to time parties thereto
as “Lenders”, JPMorgan Chase Bank, National Association, as Administrative
Agent, Citicorp North America, Inc. and UBS Loan Finance LLC, as Syndication
Agents, and ABN AMRO Bank N.V., BNP Paribas and Leman Commercial Paper Inc., as
Documentation Agents (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), to which
reference is hereby made for a statement of the terms and conditions governing
this Note, including the terms and conditions under which this Note may be
prepaid or its maturity date accelerated. Each capitalized term used herein and
not defined herein shall have the meaning ascribed thereto in the Credit
Agreement.

                 This Note is secured by the Collateral Documents. Reference is
hereby made to the Collateral Documents for a description of the collateral
thereby mortgaged, warranted, bargained, sold, released, conveyed, assigned,
transferred, pledged and hypothecated, the nature and extent of the security for
this Note, the rights of the holder of this Note and the Administrative Agent in
respect of such security and otherwise.

                 The Company hereby waives presentment, demand, protest and
notice of any kind. No failure to exercise, and no delay in exercising, any
rights hereunder on the part of the holder hereof shall operate as a waiver of
such rights.

                 This Note shall be governed by, and construed in accordance
with, the laws of the State of New York.

G-2-1

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  ARVINMERITOR, INC., as the Company

  By:      

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    Name:
Title:  

G-2-2

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Term Loan and Principal Payment Schedule
to
ArvinMeritor, Inc. Term Loan Note

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Date Principal Amount of Term Loan Maturity of Interest Period Principal Amount
Paid and Date of Payment Unpaid Balance

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G-2-3

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PRICING SCHEDULE

 

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  LEVEL I STATUS LEVEL II STATUS LEVEL III STATUS LEVEL IV STATUS LEVEL V STATUS

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RATING >Baa3
and
>BBB- Ba1
and
BB+ Ba2
and
BB Ba3
and
BB- < Ba3
or
< BB-

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Applicable Commitment Fee Percentage 0.25% 0.30% 0.375% 0.40% 0.50%

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Applicable Floating Rate Margin (Revolving Loans) 0.25% 0.50% 0.75% 1.00% 1.25%

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Applicable Eurocurrency Margin (Revolving Loans) and Applicable L/C Fee
Percentage 1.25% 1.50% 1.75% 2.00% 2.25%

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Applicable Floating Rate Margin (Term Loans) 0.75% 0.75% 0.75% 0.75% 0.75%

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Applicable Eurocurrency Margin (Term Loans) 1.75% 1.75% 1.75% 1.75% 1.75%

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                 For the purposes of this Schedule, the following terms have the
following meanings, subject to the final two paragraphs of this Schedule:

                 “Level I Status” exists at any date if, on such date, the
Company’s Applicable Moody’s Rating is Baa3 or better and the Company’s
Applicable S&P Rating is BBB- or better.

                 “Level II Status” exists at any date if, on such date, (i) the
Company has not qualified for Level I Status and (ii) the Company’s Applicable
Moody’s Rating is Ba1 or better and the Company’s Applicable S&P Rating is BB+
or better.

                 “Level III Status” exists at any date if, on such date, (i) the
Company has not qualified for Level I or II Status and (ii) the Company’s
Applicable Moody’s Rating is Ba2 or better and the Company’s Applicable S&P
Rating is BB or better.

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                 “Level IV Status” exists at any date if, on such date, (i) the
Company has not qualified for Level I, II or III Status and (ii) the Company’s
Applicable Moody’s Rating is Ba3 or better and the Company’s Applicable S&P
Rating is BB- or better.

                 “Level V Status” exists at any date if, on such date, the
Company has not qualified for Level I, II, III or IV Status.

                 “Status” means Level I Status, Level II Status, Level III
Status, Level IV Status or Level V Status.

                 “Applicable Moody’s Rating” means, at any time, (i) the rating
issued by Moody’s and then in effect with respect to the Company’s senior
secured long-term debt securities without third-party credit enhancement or (ii)
if the foregoing rating is no longer in effect, the senior implied credit rating
issued by Moody’s and then in effect with respect to the Company.

                 “Applicable S&P Rating” means, at any time, (i) the rating
issued by S&P and then in effect with respect to the Company’s senior secured
long-term debt securities without third-party credit enhancement or (ii) if the
foregoing rating is no longer in effect, the corporate credit rating issued by
S&P and then in effect with respect to the Company.

                 In addition to the provisions set forth above, if a split
occurs between the Applicable Moody’s Rating and the Applicable S&P Rating that
is greater than one ratings category, then the pricing shall be that set forth
above with respect to the combination of (i) the higher of such ratings and (ii)
the rating of the other ratings service that is one ratings category below the
ratings category corresponding to such higher rating.

                 The Applicable Eurocurrency Margin, the Applicable Floating
Rate Margin, the Applicable Commitment Fee Percentage and the Applicable L/C Fee
Percentage shall each be determined in accordance with the foregoing table based
on the Company’s Status as determined from its then-current Applicable Moody’s
Rating and Applicable S&P Rating. The credit rating in effect on any date for
the purposes of this Schedule is that in effect at the close of business on such
date. If at any time the Company has no Applicable Moody’s Rating or no
Applicable S&P Rating, Level V Status shall exist.

S-2

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