EXECUTION VERSION

AMENDMENT AND RESTATEMENT AGREEMENT dated as of March 6, 2013 (this “Amendment
Agreement”) to the Credit Agreement dated as of April 29, 2011 (the “Existing
Credit Agreement”) and as amended through the date hereof, among VERINT SYSTEMS
INC., a Delaware corporation (the “Company”), the SUBSIDIARY BORROWERS from time
to time party thereto, CREDIT SUISSE AG, as Administrative Agent and Issuing
Lender, and the several lenders from time to time party thereto. Unless
otherwise defined herein, terms defined in the Amended Credit Agreement (as
defined below) and used herein shall have the meanings given to them in the
Amended Credit Agreement.
WHEREAS, the Company has requested an amendment to the Existing Credit Agreement
pursuant to which (a) all of the existing holders of Revolving Credit
Commitments (as defined in the Existing Credit Agreement) (“Existing Revolving
Credit Lenders”) (i) agree to extend the maturity date of their existing
Revolving Credit Commitments (as defined in the Existing Credit Agreement) (the
“Existing Revolving Credit Commitments”) to the Revolving Credit Termination
Date, and (ii) agree to provide additional Revolving Credit Commitments having a
maturity date of the Revolving Credit Termination Date (the “Revolving
Commitment Increase”), (b) certain new term lenders will agree to provide Term
Loans pursuant to the Amended Credit Agreement and (c) certain other provisions
of the Existing Credit Agreement will be amended, including modifying certain
negative covenants; and
WHEREAS, each financial institution identified on the signature pages hereto as
an “Extending Lender” (each, an “Extending Lender”) has agreed, on the terms and
conditions set forth herein, to provide Revolving Credit Commitments terminating
on the Revolving Credit Termination Date in the amounts set forth on Schedule
2.01A hereto opposite such Extending Lender’s name under the heading “Revolving
Credit Commitment”; and
WHEREAS, on the Amendment Effective Date (as defined below), the Existing
Revolving Credit Commitment of each Extending Lender will be converted into a
Revolving Credit Commitment (and the amount thereof increased); and
WHEREAS, on the Amendment Effective Date, all Term Loans (as defined in the
Existing Credit Agreement) (the “Existing Term Loans”) under the Existing Credit
Agreement shall be repaid in full; and
WHEREAS, each financial institution identified on the signature pages hereto as
a “New Term Lender” (each, a “New Term Lender”) has agreed, on the terms and
conditions set forth herein, to make Term Loans under the Amended

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Credit Agreement to the Company in the amount set forth opposite such New Term
Lender’s name on Schedule 2.01B hereto and to become a “Term Loan Lender” for
all purposes under the Amended Credit Agreement; and
WHEREAS, in order to effect the foregoing, the Company and the other parties
hereto desire to amend and restate, as of the Amendment Effective Date, the
Existing Credit Agreement, subject to the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:
Section 1. Amendment and Restatement of the Existing Credit Agreement. Effective
as of the Amendment Effective Date:
(a)        The Existing Credit Agreement is hereby amended and restated in its
entirety in the form of the Amended and Restated Credit Agreement set forth as
Exhibit A hereto (the Existing Credit Agreement, as so amended and restated, the
“Amended Credit Agreement”);
(b)        Annex A, Schedules 1.01A, 1.01B, 1.01C, 4.04, 4.06, 4.09, 4.15(a),
4.15(b), 4.18(a), 4.18(c), 7.02(d) and 7.03(f) to the Existing Credit Agreement
are hereby replaced in their entirety by the information set forth on Annex A,
Schedules 1.01A, 1.01B, 1.01C, 4.04, 4.06, 4.09, 4.15(a), 4.15(b), 4.18(a),
4.18(c), 7.02(d) and 7.03(f) hereof; and
(c)        Exhibit A and Exhibit C to the Existing Credit Agreement are hereby
deleted and Exhibits B, D, E, F-1, F-2, G-1, G-2, H, I, J, K and L to the
Existing Credit Agreement are hereby amended and restated in their entirety as
set forth in Exhibits B, D, E, F-1, F-2, G-1, G-2, H, I, J, K and L to the
Amended Credit Agreement.
Except as set forth above, all schedules and exhibits to the Existing Credit
Agreement, in the forms thereof in effect immediately prior to the Amendment
Effective Date, will continue to be schedules and exhibits to the Amended Credit
Agreement; provided that the Lenders party hereto authorize the Administrative
Agent and the Company to prepare a conformed copy of the Amended Credit
Agreement that includes Exhibits revised to reflect conforming or technical
changes consistent with the amendments effected hereby.
Section 2. Concerning the Revolving Credit Commitments and the Revolving Credit
Loans. (a) On the Amendment Effective Date, the Existing Revolving Credit
Commitment of each Extending Lender will be converted into a Revolving Credit
Commitment (and, immediately after giving effect to such conversion, the
Revolving Credit Commitment of such Extending Lender will be

2

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deemed to be increased), so that the aggregate Revolving Credit Commitment of
such Extending Lender shall equal the amount set forth opposite such Extending
Lender’s name on Schedule 2.01A hereto.
(b)        All Letters of Credit, if any, outstanding under the Existing Credit
Agreement on the Amendment Effective Date shall remain outstanding under the
Amended Credit Agreement. Each Revolving Credit Lender’s risk participation in
each such Letter of Credit shall be determined in accordance with such Lender’s
Revolving Credit Percentage, as provided in Section 3.11 of the Amended Credit
Agreement, as if such Letter of Credit had been issued on the Amendment
Effective Date immediately after giving effect to paragraph (a) above.
Section 3. Concerning the New Term Lenders. Each New Term Lender hereby agrees,
on the terms and conditions set forth herein, to make a Term Loan to the Company
on the Amendment Effective Date in accordance with Section 2.01 of the Amended
Credit Agreement. Each New Term Lender shall, effective on the Amendment
Effective Date, (i) become a party to the Amended Credit Agreement as a “Term
Loan Lender” and (ii) have a Term Commitment equal to the amount set forth
opposite such New Term Lender’s name on Schedule 2.01B hereto. Each New Term
Lender shall, effective on the Amendment Effective Date, have the rights and
obligations of a “Term Loan Lender” under the Amended Credit Agreement and the
other Loan Documents.
Section 4. Representations and Warranties. The Company hereby represents and
warrants to the Administrative Agent and each Lender that:
(a)    each of the representations and warranties made by any Loan Party in or
pursuant to the Loan Documents to which it is a party is true and correct in all
material respects on and as of the Amendment Effective Date after giving effect
hereto and to any extension of credit requested to be made on the Amendment
Effective Date under the Amended Credit Agreement (except to the extent such
representations and warranties are specifically made as of an earlier date, in
which case such representations and warranties were true and correct in all
material respects as of such date);
(b)    no Default or Event of Default has occurred and is continuing on and as
of the Amendment Effective Date after giving effect hereto or to any extension
of credit requested to be made on the Amendment Effective Date under the Amended
Credit Agreement;
(c)    each Loan Party has the corporate power and authority to execute, deliver
and perform its obligations under this Amendment Agreement and under each of the
Loan Documents as amended or supplemented by this Amendment Agreement to which
it is a party, and, in the case of the Company, to make the contemplated
borrowing, and has taken all necessary corporate action to authorize

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the execution, delivery and performance by it of this Amendment Agreement and
each Loan Document to which it is a party as amended or supplemented hereby.
Each Loan Party has duly executed and delivered this Amendment Agreement, and
this Amendment Agreement and each Loan Document to which it is a party as
amended or supplemented hereby constitutes its legal, valid and binding
obligation enforceable against each such Loan Party in accordance with its
terms, except as enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles
(regardless of whether enforcement is sought by proceeding in equity or at law);
(d)    no order, consent, approval, license, authorization or validation of, or
filing, recording or registration with (except (i) those that have otherwise
been obtained or made on or prior to the Amendment Effective Date and which
remain in full force and effect on the Amendment Effective Date, (ii) filings
required under the Exchange Act in respect of the transactions contemplated
hereby and by the Amended Credit Agreement and (iii) consents, authorizations,
filings and notices required under the laws of the jurisdiction of organization
of any Foreign Subsidiary in respect of the grant of a security interest in
respect of its capital stock pursuant to the Guarantee and Collateral Agreement
or any other Security Document), or exemption or other action by, any
Governmental Authority is required to be obtained or made by, or on behalf of,
any Loan Party to authorize, or is required to be obtained or made by, or on
behalf of, any Loan Party in connection with, the execution, delivery and
performance of this Amendment Agreement or any Loan Document as amended or
supplemented hereby or the legality, validity, binding effect or enforceability
of this Amendment Agreement or any such Loan Document as amended or supplemented
hereby;
(e)    the execution, delivery and performance of this Amendment Agreement and
of the other Loan Documents as amended or supplemented hereby, the borrowings
contemplated hereunder and under the Amended Credit Agreement and the use of the
proceeds thereof will not violate any Requirement of Law or any material
Contractual Obligation of the Company or any of its Subsidiaries and will not
result in, or require, the creation or imposition of any Lien on any of their
respective properties or revenues pursuant to any Requirement of Law or any such
material Contractual Obligation (other than the Liens created by the Security
Documents).
Section 5. Effectiveness of this Amendment Agreement. This Amendment Agreement
shall become effective as of the date hereof, subject to the satisfaction of the
following conditions precedent on such date:
(a)    the representations and warranties set forth in Section 4 above shall be
true and correct in all material respects (except that any representation and

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warranty that is qualified by materiality shall be true in all respects) on and
as of such date; and
(b)    the Administrative Agent shall have received duly executed counterparts
hereof that, when taken together, bear the signatures of the Loan Parties, the
Administrative Agent, the Issuing Lenders and the Required Lenders (after giving
effect to the prepayment of the Existing Term Loans on the Amendment Effective
Date) and each New Term Lender.
Section 6. Effectiveness of Amendments. The effectiveness of the amendment and
restatement of the Existing Credit Agreement in the form of the Amended Credit
Agreement, and the other amendments set forth in Section 1 hereof, is subject to
the satisfaction of the following conditions precedent (the date on which all of
such conditions shall first be satisfied, the “Amendment Effective Date”):
(a)        Existing Term Loans.    Immediately prior to the effectiveness of the
amendments set forth herein, the Existing Term Loans shall have been paid in
full, together with all interest, fees and other amounts owing in respect
thereto.
(b)        Amendment Agreement.     This Amendment Agreement shall have become
effective in accordance with Section 5.
(c)        [Reserved].
(d)        Pro Forma Financial Statements; Financial Statements. The Lenders
shall have received (i) the Pro Forma Financial Statements and (ii) the Company
Historical Financial Statements.
(e)        Material Adverse Effect. Since January 31, 2012 there has been no
development or event that has had or could reasonably be expected to have a
Material Adverse Effect.
(f)        Fees. The Lenders and the Agents shall have received all fees
required to be paid, and all expenses for which reasonably detailed invoices
have been presented (including reasonable fees, disbursements and other charges
of counsel to the Agents), at least one Business Day prior to the Amendment
Effective Date, or provision for the payment thereof satisfactory to the
Administrative Agent shall have been made.
(g)        [Reserved].
(h)        Officer's Certificate. The Administrative Agent shall have received a
certificate in form and substance reasonably satisfactory to the Administrative
Agent from a Responsible Officer dated as of the Amendment Effective Date
confirming compliance with the conditions precedent set forth in Section 6(q) of

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this Amendment Agreement and in clauses (a) and (b) of Section 5.02 of the
Amended Credit Agreement.
(i)        Solvency Certificate. The Administrative Agent shall have received a
certificate in form and substance reasonably satisfactory to the Administrative
Agent from the chief financial officer of the Company documenting that the
Company and its Subsidiaries, on a consolidated basis, after giving pro forma
effect to the transactions contemplated hereby, are Solvent.
(j)        Lien Searches. The Administrative Agent shall have received (i) a
Perfection Certificate with respect to the Loan Parties dated the Amendment
Effective Date from a Responsible Officer and (ii) the results of recent lien
searches in each of the jurisdictions in which Uniform Commercial Code financing
statement or other filings or recordations should be made to evidence or perfect
security interests in all assets of the Loan Parties, and such search shall
reveal no liens on any of the assets of any Loan Party, except for Liens
permitted by Section 7.03 of the Amended Credit Agreement or which are subject
to payoff arrangements reasonably satisfactory to the Administrative Agent.
(k)        Closing Certificate. The Administrative Agent shall have received a
certificate of each Loan Party, dated the Amendment Effective Date,
substantially in the form of Exhibit C to the Existing Credit Agreement, with
appropriate insertions and attachments.
(l)        Legal Opinions. The Administrative Agent shall have received the
following executed legal opinions: (i) the legal opinion of Jones Day, counsel
to the Company and its Subsidiaries, substantially in the form of Exhibit E to
the Amended Credit Agreement; (ii) the legal opinion of local counsel to the
Company in Nevada; and (iii) the legal opinion of local counsel to the Company
in The Cayman Islands. Each such legal opinion shall cover such other matters
incident to the transactions contemplated by this Amendment Agreement as the
Administrative Agent may reasonably require and shall be addressed to the
Administrative Agent and the Lenders. The Company hereby requests such counsel
to deliver such opinions.
(m)    [Reserved].
(n)        Filings, Registrations and Recordings. Each document (including,
without limitation, any Uniform Commercial Code financing statement) required by
the Security Documents or under law or reasonably requested by the Collateral
Agent to be filed, registered or recorded to create in favor of the Collateral
Agent, for the benefit of the Secured Parties, a perfected Lien on the
Collateral described therein, prior and superior in right to any other Person
(other than with respect to Liens permitted by Section 7.03 of the Amended
Credit Agreement), shall have been filed, registered or recorded or shall have
been delivered to the Collateral Agent in proper form for filing, registration
or recordation.

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(o)        Insurance. The Administrative Agent shall have received insurance
certificates satisfying the requirements of Section 5.02 of the Guarantee and
Collateral Agreement.
(p)        PATRIOT Act. The Lenders as of the Amendment Effective Date shall
have received, sufficiently in advance of the Amendment Effective Date, all
documentation and other information required by bank regulatory authorities
under applicable "know your customer" and anti-money laundering rules and
regulations, including without limitation the USA PATRIOT Act.
(q)        Governmental Approvals. All requisite Governmental Authorities and
third parties shall have approved or consented to borrowing of the Loans and the
other transactions contemplated hereby to the extent required, all applicable
appeal periods shall have expired and there shall not be any pending or
threatened litigation, governmental, administrative or judicial action that
could reasonably be expected to restrain, prevent or impose materially
burdensome conditions on the borrowing of the Loans or the other transactions
contemplated hereby or by the Amended Credit Agreement.
(r)        Ratings. The Administrative Agent shall have received a certificate
from a Responsible Officer setting forth the Corporate Ratings as on the
Amendment Effective Date.
Section 7. Effect of Amendment; No Novation. (a) Except as expressly set forth
herein or in the Amended Credit Agreement, this Amendment Agreement shall not by
implication or otherwise limit, impair, constitute a waiver of or otherwise
affect the rights and remedies of the Lenders or the Agents under the Existing
Credit Agreement or any other Loan Document and shall not alter, modify, amend
or in any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Existing Credit Agreement or any other provision of
the Existing Credit Agreement or of any other Loan Document, all of which are
ratified and affirmed in all respects and shall continue in full force and
effect. Without limiting the foregoing, (i) the Security Documents and all of
the Collateral does and shall continue to secure the payment of each Grantor’s
Obligations (as defined in the Guarantee and Collateral Agreement) (including,
for the avoidance of doubt, the New Term Loans) on the terms and conditions set
forth in the Security Documents as amended hereby and (ii) each Guarantor hereby
confirms and ratifies its continuing unconditional obligations as Guarantor
under the Guarantee and Collateral Agreement with respect to all of its
Guarantor Obligations (as defined in the Guarantee and Collateral Agreement)
(including, for the avoidance of doubt, the New Term Loans) thereunder under the
Amended Credit Agreement and all other Loan Documents to which it is a party as
amended pursuant to this Amendment Agreement, all on the terms set forth in the
Guarantee and Collateral Agreement. Notwithstanding anything herein or in any
other Loan Document (including the Guarantee and Collateral Agreement) to the

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contrary, in the case of any Subsidiary Guarantor, Borrower Obligations and
Guarantor Obligation (each as defined in the Guarantee and Collateral Agreement)
shall not include any Excluded Swap Obligations.
(b)        Nothing herein shall be deemed to entitle the Company to a consent
to, or a waiver, amendment, modification or other change of, any of the terms,
conditions, obligations, covenants or agreements contained in the Existing
Credit Agreement or any other Loan Document in similar or different
circumstances.
(c)        On and after the Amendment Effective Date, (i) each reference in the
Existing Credit Agreement to “this Agreement”, “hereunder”, “hereof’, “herein”,
or words of like import, and each reference to the “Credit Agreement”, in any
other Loan Document shall be deemed a reference to the Amended Credit Agreement
and (ii) each reference in any Loan Document to the “Closing Date” shall be
deemed a reference to the Original Closing Date (as defined in the Amended
Credit Agreement). This Amendment Agreement shall constitute a “Loan Document”
for all purposes of the Amended Credit Agreement and the other Loan Documents.
(d)        The changes to the definition of “Applicable Margin” in Section 1.01
of the Amended Credit Agreement effected pursuant to this Amendment Agreement
shall apply and be effective on and after the Amendment Effective Date. The
definition of “Applicable Margin” in Section 1.01 of the Existing Credit
Agreement shall apply and be effective for the period ending on, but not
including, the Amendment Effective Date.
(e)        Nothing contained in this Amendment Agreement, the Amended Credit
Agreement or any other Loan Document shall constitute or be construed as a
novation of any of the Obligations.
Section 8. Governing Law. THIS AMENDMENT AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT AGREEMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.
Section 9. Costs and Expenses. In accordance with Section 10.05 of the Existing
Credit Agreement, the Company agrees to reimburse the Administrative Agent for
its reasonable documented out-of-pocket expenses in connection with this
Amendment Agreement, including the reasonable documented fees, charges and
disbursements of counsel for the Administrative Agent.
Section 10. Counterparts. This Amendment Agreement may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed and delivered shall be deemed an

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original, but all such counterparts together shall constitute but one and the
same instrument. Delivery of any executed counterpart of a signature page of
this Amendment Agreement by facsimile or electronic transmission shall be as
effective as delivery of a manually executed counterpart hereof.
Section 11. Headings. The headings of this Amendment Agreement are for purposes
of reference only and shall not limit or otherwise affect the meaning hereof.
[Remainder of page intentionally blank]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment Agreement to
be duly executed and delivered by their respective duly authorized officers or
representatives as of the day and year first above written.
VERINT SYSTEMS INC.
By:
/s/ Douglas Robinson
Name: Douglas Robinson
Title: CFO

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VERINT VIDEO SOLUTIONS INC.
By:
/s/ Douglas Robinson
Name: Douglas Robinson
Title: Treasurer

VERINT AMERICAS INC.
By:
/s/ Douglas Robinson
Name: Douglas Robinson
Title: Treasurer

VERINT WITNESS SYSTEMS LLC
By:
/s/ Douglas Robinson
Name: Douglas Robinson
Title: Treasurer

VERINT BLUE PUMPKIN SOFTWARE LLC
By:
/s/ Douglas Robinson
Name: Douglas Robinson
Title: Treasurer

VICTORY ACQUISITION I LLC
By:
/s/ Douglas Robinson
Name: Douglas Robinson
Title: Treasurer

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GLOBAL MANAGEMENT TECHNOLOGIES, LLC
By:
/s/ Douglas Robinson
Name: Douglas Robinson
Title: Treasurer

VERINT SYSTEMS CAYMAN LTD.
By:
/s/ Douglas Robinson
Name: Douglas Robinson
Title: Treasurer

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent, Collateral
Agent, Issuing Lender, New Term Lender and Extending Lender
By:
/s/ Judith E. Smith
Name: Judith E. Smith
Title: Managing Director

 
By:
/s/ Michael D’Onofrio
Name: Michael D’Onofrio
Title: Associate

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ROYAL BANK OF CANADA, as Issuing Lender
By:
/s/ Michael Gronich
Name: Michael Gronich
Title: Authorized Signatory

By:
 
Name:
Title:

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ROYAL BANK OF CANADA, as Extending Lender
By:
/s/ Michael Gronich
Name: Michael Gronich
Title: Authorized Signatory

 
By:
 
Name:
Title:

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DEUTSCHE BANK TRUST COMPANY AMERICAS, as Extending Lender
By:
/s/ Marcus M. Tarkington
Name: Marcus M. Tarkington
Title: Director
 
By:
/s/ Michael Getz
Name: Michael Getz
Title: Vice President

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BARCLAYS BANK PLC, as Extending Lender
By:
/s/ Christine Park
Name: Christine Park
Title: Managing Director
 
By:
 
Name:
Title:

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HSBC BANK USA, N.A., as Extending Lender
By:
/s/ William Conlan
Name: William Conlan
Title: Vice President

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SCHEDULE 2.01A

Revolving Credit Commitments

Extending Lender
Revolving Credit Commitment
Credit Suisse AG, Cayman Islands Branch
$40,000,000
Deutsche Bank Trust Company Americas
$40,000,000
Royal Bank of Canada
$40,000,000
Barclays Bank PLC
$40,000,000
HSBC Bank USA, N.A.
$40,000,000
Total Commitments:
$200,000,000

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SCHEDULE 2.01B

Term Loans Under Amended Credit Agreement

New Term Lender
Term Loan Amount
Credit Suisse AG, Cayman Islands Branch
$650,000,000

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EXHIBIT A

Form of Amended Credit Agreement

[Following page.]

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EXECUTION VERSION

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AMENDED AND RESTATED CREDIT AGREEMENT
among
VERINT SYSTEMS INC.,
and
THE SUBSIDIARY BORROWERS
REFERRED TO HEREIN
as Borrowers,
The Several Lenders
from Time to Time Parties Hereto,
CREDIT SUISSE SECURITIES (USA) LLC,
DEUTSCHE BANK SECURITIES INC.,
RBC CAPITAL MARKETS,
BARCLAYS BANK PLC
and
HSBC SECURITIES (USA) INC.,
as Joint Lead Arrangers and Joint Bookrunners,

RBC CAPITAL MARKETS and
BARCLAYS BANK PLC,
as Co-Syndication Agents,
DEUTSCHE BANK SECURITIES INC.
and
HSBC BANK USA, N.A.,
as Co-Documentation Agents,
and
CREDIT SUISSE AG,
as Administrative Agent and Collateral Agent
Dated as of April 29, 2011,
and amended and restated as of March 6, 2013

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TABLE OF CONTENTS
___________________________

PAGE

ARTICLE 1
DEFINITIONS
 
 
 
 
 
 
Section 1.01.
Defined Terms
1

Section 1.02.
Other Definitional Provisions
32

Section 1.03.
Accounting Changes
32

 
 
 
ARTICLE 2
AMOUNT AND TERMS OF COMMITMENTS
 
 
 
Section 2.01.
Term Loan Commitments
33

Section 2.02.
Procedure for Term Loan Borrowing
33

Section 2.03.
Repayment of Term Loans
33

Section 2.04.
Revolving Credit Commitments
33

Section 2.05.
Procedure for Revolving Credit Borrowing
34

Section 2.06.
Repayment of Loans; Evidence of Debt
34

Section 2.07.
Fees
35

Section 2.08.
Termination or Reduction of Revolving Credit Commitments
36

Section 2.09.
Optional Prepayments
36

Section 2.10.
Mandatory Prepayments
36

Section 2.11.
Conversion and Continuation Options
39

Section 2.12.
Minimum Amounts and Maximum Number of Eurodollar Tranches
40

Section 2.13.
Interest Rates and Payment Dates
40

Section 2.14.
Computation of Interest and Fees
40

Section 2.15.
Inability To Determine Interest Rate
41

Section 2.16.
Pro Rata Treatment and Payments
41

Section 2.17.
Requirements of Law
43

Section 2.18.
Taxes
45

Section 2.19.
Indemnity
47

Section 2.20.
Illegality
47

Section 2.21.
Change of Lending Office
48

Section 2.22.
Incremental Credit Extensions
48

Section 2.23.
Additional Loan Parties
50

Section 2.24.
Cash Collateral
53

Section 2.25.
Defaulting Lenders
54

 
 
 

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ARTICLE 3
LETTERS OF CREDIT
 
 
 
Section 3.01.
L/C Commitment
56

Section 3.02.
Procedure for Issuance of Letter of Credit
57

Section 3.03.
Fees and Other Charges
57

Section 3.04.
L/C Participations
57

Section 3.05.
Reimbursement Obligation of the Borrowers
59

Section 3.06.
Obligations Absolute
59

Section 3.07.
Letter of Credit Payments
60

Section 3.08.
Applications
60

Section 3.09.
Resignations
61

Section 3.10.
Additional Issuing Lenders
61

Section 3.11.
Outstanding Letters of Credit
61

 
 
 
ARTICLE 4
REPRESENTATIONS AND WARRANTIES
 
 
 
Section 4.01.
Financial Condition
62

Section 4.02.
No Change
62

Section 4.03.
Corporate Existence; Compliance with Law
62

Section 4.04.
Corporate Power; Authorization; Enforceable Obligations
63

Section 4.05.
No Legal Bar
63

Section 4.06.
No Material Litigation
63

Section 4.07.
No Default
63

Section 4.08.
Ownership of Property; Liens
64

Section 4.09.
Intellectual Property
64

Section 4.10.
Taxes
64

Section 4.11.
Federal Regulations
64

Section 4.12.
Labor Matters
64

Section 4.13.
ERISA
65

Section 4.14.
Investment Company Act
65

Section 4.15.
Subsidiaries
65

Section 4.16.
Environmental Matters
65

Section 4.17.
Accuracy of Information, Etc.
66

Section 4.18.
Security Documents
67

Section 4.19.
Solvency
68

Section 4.20.
Sanctioned Persons
68

Section 4.21.
Foreign Corrupt Practices Act
68

Section 4.22.
Insurance
68

Section 4.23.
Use of Proceeds
69

 
 
 

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ARTICLE 5
CONDITIONS PRECEDENT
 
 
 
Section 5.01.
Conditions to Effectiveness of this Agreement
69

Section 5.02.
Conditions to each Extension of Credit
69

 
 
 
ARTICLE 6
AFFIRMATIVE COVENANTS
 
 
 
Section 6.01.
Financial Statements
70

Section 6.02.
Certificates; Other Information
70

Section 6.03.
Payment of Taxes
72

Section 6.04.
Conduct of Business and Maintenance of Existence; Compliance
72

Section 6.05.
Maintenance of Property; Insurance
73

Section 6.06.
Inspection of Property; Books and Records; Discussions; Maintenance of
 
 
          Ratings
73

Section 6.07.
Notices
73

Section 6.08.
Additional Collateral, Etc.
74

Section 6.09.
Further Assurances
77

Section 6.10.
Use of Proceeds
77

 
 
 
ARTICLE 7
NEGATIVE COVENANTS
 
 
 
Section 7.01.
Consolidated Leverage Ratio
77

Section 7.02.
Limitation on Indebtedness
77

Section 7.03.
Limitation on Liens
79

Section 7.04.
Limitation on Fundamental Changes
81

Section 7.05.
Limitation on Disposition of Property
82

Section 7.06.
Limitation on Restricted Payments
83

Section 7.07.
Limitation on Investments
84

Section 7.08.
Limitation on Optional Payments and Modifications of Debt Instruments
 
 
          Etc.
86

Section 7.09.
Limitation on Transactions with Affiliates
86

Section 7.10.
Limitation on Sales and Leasebacks
87

Section 7.11.
Limitation on Changes in Fiscal Periods
87

Section 7.12.
Limitation on Negative Pledge Clauses
87

Section 7.13.
Limitation on Restrictions on Subsidiary Distributions
87

Section 7.14.
Limitation on Lines of Business
88

Section 7.15.
Limitation on Hedge Agreements
88

 
 
 
 
 
 

v

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ARTICLE 8
EVENTS OF DEFAULT
 
 
 
ARTICLE 9
THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT
 
 
 
ARTICLE 10
MISCELLANEOUS
 
 
 
Section 10.01.
Amendments and Waivers
94

Section 10.02.
Notices
97

Section 10.03.
No Waiver; Cumulative Remedies
100

Section 10.04.
Survival of Agreement
101

Section 10.05.
Payment of Expenses; Indemnity
101

Section 10.06.
Successors and Assigns; Participations and Assignments
103

Section 10.07.
Adjustments; Set Off
109

Section 10.08.
Counterparts
110

Section 10.09.
Severability
111

Section 10.10.
Integration
111

Section 10.11.
GOVERNING LAW
111

Section 10.12.
Submission to Jurisdiction; Waivers
111

Section 10.13.
Judgment Currency
112

Section 10.14.
Acknowledgments
112

Section 10.15.
Confidentiality
113

Section 10.16.
Release of Collateral and Guarantee Obligations
113

Section 10.17.
WAIVERS OF JURY TRIAL
114

Section 10.18.
USA PATRIOT Act Notice
115

Section 10.19.
Replacement Lenders
115

Section 10.20.
Headings
116

Section 10.21.
Lender Action
116

Section 10.22.
Interest Rate Limitation
116

Section 10.23.
Amendment and Restatement; No Novation
117

 
 
 

vi

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ANNEXES:
 
 
 
 
A
Commitments
 
 
 
 
SCHEDULES:
 
 
 
 
1.01A
Excluded Foreign Subsidiaries
 
1.01B
Excluded Domestic Subsidiaries
 
1.01C
Threshold Amount
 
4.04
Consents, Authorizations, Filings and Notices
 
4.06
Litigation
 
4.09
Intellectual Property
 
4.15(a)
Subsidiaries
 
4.18(a)
UCC Filing Jurisdictions
 
4.18(c)
Real Property
 
7.02(d)
Existing Indebtedness
 
7.03(f)
Existing Liens
 
 
 
 
EXHIBITS:
 
 
 
 
A
[Reserved]
 
B
Form of Compliance Certificate
 
C
[Reserved]
 
D
Form of Assignment and Acceptance
 
E
Form of Legal Opinion of Jones Day, counsel to the Company and its Subsidiaries
 
F-1
Form of Term Note
 
F-2
Form of Revolving Credit Note
 
G-1
Form of Exemption Certificate (For Non-US Lenders That Are Not Partnerships)
 
G-2
Form of Exemption Certificate (For Non-US Lenders That Are Partnerships)
 
H
Form of Borrowing Notice
 
I
Form of Affiliate Subordination Agreement
 
J
Auction Procedures
 
K
Subsidiary Borrower Request and Assumption Agreement
 
L
Subsidiary Borrower Notice
 
 
 
 

vii

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AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of April 29,
2011, is amended and restated as of March 6, 2013, among VERINT SYSTEMS INC., a
Delaware corporation (the “Company”), the SUBSIDIARY BORROWERS from time to time
parties to this Agreement, the several banks and other financial institutions or
entities from time to time parties to this Agreement (the “Lenders”), and CREDIT
SUISSE AG, as administrative agent (in such capacity, including any successor
thereto, the “Administrative Agent”) and as collateral agent (in such capacity,
including any successor thereto, the “Collateral Agent”) for the Lenders.
The Company and the Subsidiary Borrowers are party to that certain Credit
Agreement dated as of April 29, 2011 (as amended, supplemented or otherwise
modified from time to time prior to the Amendment Effective Date, the “Existing
Credit Agreement”), with the lenders party thereto from time to time (the
“Original Lenders”) and Credit Suisse AG, as administrative agent and collateral
agent, pursuant to which the Original Lenders extended or committed to extend
certain credit facilities to the Borrowers.
Pursuant to the Amendment Agreement and upon satisfaction of the conditions set
forth therein, the Existing Credit Agreement is being further amended and
restated in the form of this Agreement in connection with the transactions
contemplated by the Amendment Agreement (as this and other capitalized terms not
previously defined are defined in Section 1.01 below).
In consideration of the mutual covenants and agreements herein contained, the
parties hereto covenant and agree as follows:

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

ARTICLE 1
DEFINITIONS
Section 1.01. Defined Terms. As used in this Agreement, the terms listed in this
Section 1.01 shall have the respective meanings set forth in this Section 1.01.
“Accounting Change”: as defined in Section 1.03.
“Additional Lender”: as defined in Section 2.22(c).
“Adjusted LIBO Rate”: with respect to any Eurodollar Borrowing for any Interest
Period, an interest rate per annum equal to the greater of (a) 1.00% per annum
and (b) the product of (i) the LIBO Rate in effect for such Interest Period and
(ii) Statutory Reserves.
“Administrative Agent”: as defined in the preamble hereto.
“Administrative Questionnaire”: an Administrative Questionnaire in a form
supplied by the Administrative Agent.
“Affiliate”: as to any Person, any other Person that, directly or indirectly, is
in control of, is controlled by, or is under common control with, such Person.
For purposes of this definition, “control” of a Person means the power, directly
or indirectly, either to (a) vote 10% or more of the securities having ordinary
voting power for the election of directors (or persons performing similar
functions) of such Person or (b) direct or cause the direction of the management
and policies of such Person, whether by contract or otherwise.
“Affiliate Subordination Agreement”: an Affiliate Subordination Agreement
substantially in the form of Exhibit I pursuant to which intercompany
obligations and advances owed by any Loan Party to a non-Loan Party are
subordinated to the Obligations.
“Agents”: the collective reference to the Administrative Agent, the Collateral
Agent, the Co-Documentation Agents, the Joint Bookrunners, the Joint Lead
Arrangers and the Co-Syndication Agents.
“Aggregate Exposure”: with respect to any Lender at any time, an amount equal to
the sum of (i) the aggregate then unpaid principal amount of such Lender’s Term
Loans and (ii) the amount of such Lender’s Revolving Credit Commitment then in
effect or, if the Revolving Credit Commitments have been terminated, the amount
of such Lender’s Revolving Extensions of Credit then outstanding.
“Aggregate Exposure Percentage”: with respect to any Lender at any time, the
ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such
time to the sum of the Aggregate Exposures of all Lenders at such time.
“Agreement”: this Amended and Restated Credit Agreement, as amended,
supplemented or otherwise modified from time to time.

2

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“Amendment Agreement”: the Amendment and Restatement Agreement, dated as of the
date hereof, among the Company, the other Loan Parties, the Lenders party
thereto, the Administrative Agent and the Issuing Lenders.
“Amendment Effective Date”: has the meaning assigned to that term in the
Amendment Agreement.
“Applicable Margin”: for each Type of Loan for any day, the rate per annum,
based upon the Pricing Level as set forth below as determined on such day:
 
Pricing Level
Eurodollar Loan
Base Rate Loan
Term Loans
1
2.75%
1.75%
2
3.00%
2.00%
Revolving Credit Loans
1
2.75%
1.75%
2
3.00%
2.00%

Pricing Level 1 shall apply if, as of any day, no Event of Default shall have
occurred and be continuing and the Corporate Rating by S&P is BB- (stable
outlook) or better and by Moody’s is Ba3 (stable outlook) or better. Pricing
Level 2 shall apply if, as of any day, Pricing Level 1 does not apply.
Initially, the Applicable Margin shall be determined based upon the Corporate
Ratings specified in the certificate delivered pursuant to Section 6(r) of the
Amendment Agreement. Thereafter, each change in the Applicable Margin resulting
from a publicly announced change in the Corporate Ratings shall be effective, in
the case of an upgrade, commencing on the date of delivery by the Company to the
Administrative Agent of notice thereof pursuant to Section 6.07(e) and, in the
case of a downgrade, commencing on the date of the public announcement thereof.
“Application”: an application or letter of credit issuance request, in such
customary form as the Issuing Lender may reasonably specify from time to time,
requesting the Issuing Lender to issue a Letter of Credit.
“Asset Sale”: any Disposition of Property or series of related Dispositions of
Property (excluding any such Disposition permitted by Section 7.05 other than
Dispositions made pursuant to paragraphs (g), (h) or (i) thereof) which yields
gross proceeds to the Company or any of its Subsidiaries (valued at the initial
principal amount thereof in the case of non-cash proceeds consisting of notes or
other debt securities and valued at fair market value in the case of other
non-cash proceeds) in excess of $3,300,000.
“Assignee”: as defined in Section 10.06(c).
“Assignment and Acceptance”: as defined in Section 10.06(c).
“Assignor”: as defined in Section 10.06(c).

3

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“Available Amount”: on any date (the “Determination Date”), an amount equal to:
(a)    the sum, without duplication, of (I) $50,000,000 plus (II) an amount
equal to the aggregate Net Equity Proceeds received by the Company after the
Amendment Effective Date pursuant to any Permitted Equity Issuance plus (III)
the cumulative amount equal to the remainder of (x) 100% of Excess Cash Flow for
each Determination Period (commencing with the Determination Period ending
January 31, 2014) less (y) in respect of each Determination Period, an amount
equal to the ECF Percentage of the Excess Cash Flow for such Determination
Period; provided that, in the case of clause (III), financial statements and a
compliance certificate have been delivered in accordance with Section 6.01(a)
and Section 6.02(b), respectively, with respect to such Determination Period;
minus
(b)    the portion of the amount calculated pursuant to clause (a) above that is
used after the Amendment Effective Date and prior to the respective
Determination Date to (i) pay Restricted Payments permitted pursuant to Section
7.06(h), (ii) make Investments permitted pursuant to Section 7.07(o) or (iii)
make payments permitted pursuant to Section 7.08(a).
“Available Revolving Credit Commitment”: with respect to any Revolving Credit
Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s
Revolving Credit Commitment then in effect over (b) such Lender’s Revolving
Extensions of Credit then outstanding.
“Base Rate”: for any day, a rate per annum equal to the greatest of (a) the
Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect
on such day plus 1/2 of 1% and (c) the Adjusted LIBO Rate for a one month
Interest Period on such day (or if such day is not a Business Day, the
immediately preceding Business Day) plus 1.00%; provided that, for the avoidance
of doubt, the Adjusted LIBO Rate for any day shall be based on the rate
determined on such day at approximately 11 a.m. (London time) by reference to
the British Bankers’ Association Interest Settlement Rates for deposits in
Dollars (as set forth by any service selected by the Administrative Agent that
has been nominated by the British Bankers’ Association as an authorized vendor
for the purpose of displaying such rates). If the Administrative Agent shall
have determined (which determination shall be conclusive absent manifest error)
that it is unable to ascertain the Federal Funds Effective Rate for any reason,
including the inability or failure of the Administrative Agent to obtain
sufficient quotations in accordance with the terms of the definition thereof,
the Base Rate shall be determined without regard to clause (b) of the preceding
sentence until the circumstances giving rise to such inability no longer exist.
Any change in the Base Rate due to a change in the Prime Rate, the Federal Funds
Effective Rate or the Adjusted LIBO Rate shall be effective on the effective
date of such change in the Prime Rate, the Federal Funds Effective Rate or the
Adjusted LIBO Rate, as the case may be.
“Base Rate Loans”: Loans for which the applicable rate of interest is based upon
the Base Rate.
“Benefitted Lender”: as defined in Section 10.07.

4

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

“Board”: the Board of Governors of the Federal Reserve System of the United
States (or any successor).
“Borrower”: the Company or any Subsidiary Borrower, as the context may require,
and “Borrowers” means all of the foregoing. When used in relation to any Loan or
Letter of Credit, references to “the Borrower” are to the particular Borrower to
which such Loan is or is to be made or at whose request such Letter of Credit is
or is to be issued.
“Borrowing Date”: any Business Day specified by the Borrower as a date on which
the Borrower requests the relevant Lenders to make Loans hereunder.
“Borrowing Notice”: with respect to any request for borrowing of Loans
hereunder, a notice from a Borrower, substantially in the form of, and
containing the information prescribed by, Exhibit H, delivered to the
Administrative Agent, or in such other form as shall be reasonably acceptable to
the Administrative Agent.
“Business Day”: (a) for all purposes other than as covered by clause (b) below,
a day other than a Saturday, Sunday or other day on which commercial banks in
New York City are authorized or required by law to close and (b) with respect to
all notices and determinations in connection with, and payments of principal and
interest on, Eurodollar Loans, any day which is a Business Day described in
clause (a) and which is also a day for trading by and between banks in Dollar
deposits in the interbank eurodollar market.
“Capital Expenditures”: for any period, (a) the acquisition, construction, and
additions to property, plant and equipment and other capital expenditures
(including capitalized software) of the Company and its consolidated
Subsidiaries that are (or should be) set forth in a consolidated statement of
cash flows of the Company for such period prepared in accordance with GAAP and
(b) Capital Lease Obligations incurred by the Company and its consolidated
Subsidiaries during such period.
“Capital Lease Obligations”: with respect to any Person, the obligations of such
Person to pay rent or other amounts under any lease of (or other arrangement
conveying the right to use) real or personal property, or a combination thereof,
which obligations are required to be classified and accounted for as capital
leases on a balance sheet of such Person under GAAP; and, for the purposes of
this Agreement, the amount of such obligations at any time shall be the
capitalized amount thereof at such time determined in accordance with GAAP.
“Capital Stock”: any and all shares, interests, participations or other
equivalents (however designated) of capital stock of a corporation, any and all
equivalent ownership interests in a Person (other than a corporation) and any
and all warrants, rights or options to purchase or otherwise acquire any of the
foregoing.
“Cash Collateralize”: to pledge and deposit with or deliver to the Collateral
Agent, for the benefit of one or more of the Issuing Lenders or Lenders, as
collateral for L/C Obligations or obligations of Lenders to fund participations
in respect of L/C Obligations, cash or deposit account balances or, if the
Administrative Agent and each applicable Issuing Lender shall agree

5

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

in their sole discretion, other credit support, in each case pursuant to
documentation in form and substance satisfactory to the Administrative Agent and
each applicable Issuing Lender. “Cash Collateral” shall have a meaning
correlative to the foregoing and shall include the proceeds of such cash
collateral and other credit support.
“Cash Equivalents”: (i) with respect to the Company or any of its Subsidiaries,
(a) marketable direct obligations issued by, or unconditionally guaranteed by,
the United States government or issued by any agency thereof and backed by the
full faith and credit of the United States, in each case maturing within one
year from the date of acquisition; (b) certificates of deposit, time deposits,
eurodollar time deposits or overnight bank deposits having maturities of one
year or less from the date of acquisition issued by any Revolving Credit Lender
or by any domestic office of any commercial bank organized under the laws of the
United States of America or any state thereof having combined capital and
surplus of not less than $500,000,000; (c) commercial paper of an issuer rated
at least A-2 by S&P or P-2 by Moody’s, or carrying an equivalent rating by a
nationally recognized rating agency, if both of the two named rating agencies
cease publishing ratings of commercial paper issuers generally, and maturing
within one year from the date of acquisition; (d) fully collateralized
repurchase obligations of any Revolving Credit Lender or of any commercial bank
satisfying the requirements of clause (b) of this definition, having a term of
not more than 30 days with respect to securities issued or fully guaranteed or
insured by the United States government; (e) securities with maturities of one
year or less from the date of acquisition issued or fully guaranteed by any
state, commonwealth or territory of the United States, by any political
subdivision or taxing authority of any such state, commonwealth or territory or
by any foreign government, the securities of which state, commonwealth,
territory, political subdivision, taxing authority or foreign government (as the
case may be) are rated at least A by S&P or A by Moody’s or carrying an
equivalent rating by a nationally recognized rating agency, if both of the two
named rating agencies cease publishing ratings of such securities generally; (f)
securities with maturities of one year or less from the date of acquisition
backed by standby letters of credit issued by any Revolving Credit Lender or any
commercial bank satisfying the requirements of clause (b) of this definition;
and (g) shares of money market mutual or similar funds which invest exclusively
in assets satisfying the requirements of clauses (a) through (f) of this
definition; and (ii) with respect to any Foreign Subsidiaries, the approximate
equivalent of any of clauses (i)(a) through (g) above, in each case, by
reference to such Foreign Subsidiary’s jurisdiction of organization or any
jurisdiction(s) where such Foreign Subsidiary is engaged in material operations.
“Cash Management Agreement”: any agreement to provide cash management services,
including treasury, depositary, overdraft, credit, purchasing or debit card,
electronic funds transfer and other cash management arrangements to any Loan
Party.
“Cash Management Bank”: with respect to any Cash Management Agreement, any
counterparty thereto that, (i) at the time such Cash Management Agreement was
entered into, was a Lender or an Affiliate of a Lender or of the Administrative
Agent or the Collateral Agent, or (ii) was, as of the Original Closing Date, a
Lender or an Affiliate of a Lender and a party to a Cash Management Agreement.

6

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

“Change of Control”: the occurrence of any of the following events: (a) any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act as in effect on the Original Closing Date) shall become, or obtain
rights (whether by means of warrants, options or the like) to become, the
“beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange
Act as in effect on the Original Closing Date), directly or indirectly, of more
than 50% of the outstanding common stock of the Company; (b) the board of
directors of the Company shall cease to consist of a majority of Continuing
Directors or (c) any change in control (or similar event, however denominated)
with respect to the Company or any other Loan Party shall occur under and as
defined in any indenture or agreement in respect of Indebtedness in excess of
the Threshold Amount to which the Company or such other Loan Party is a party.
“Change in Law”: (a) the adoption or taking effect of any law, rule or
regulation after the Original Closing Date, (b) any change in any law, rule,
regulation or treaty or in the administration, interpretation or application
thereof by any Governmental Authority after the Original Closing Date, (c) the
making or issuance of any request, rule, guideline or directive (whether or not
having the force of law) by any Governmental Authority after the Original
Closing Date or (d) compliance by any Lender or any Issuing Lender (or, for
purposes of Section 2.17, by any lending office of such Lender or by such
Lender’s or such Issuing Lender’s holding company, if any) with any request,
guideline or directive (whether or not having the force of law) of any
Governmental Authority first made or issued after the Original Closing Date;
provided that notwithstanding anything herein to the contrary, (x) the
Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, guidelines or directives thereunder or issued in connection therewith by
any Governmental Authority and (y) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on
Banking Supervision (or any successor or similar authority) or United States
regulatory authorities, in each case pursuant to Basel III, shall in each case
be deemed to be a “Change in Law”, regardless of the date enacted, adopted or
issued.
“Code”: the Internal Revenue Code of 1986, as amended from time to time.
“Co-Documentation Agent”: each of Deutsche Bank Securities Inc. and HSBC Bank
USA, N.A., in each case, in its capacity as co-documentation agent hereunder.
“Co-Syndication Agent”: each of RBC Capital Markets1 and Barclays Bank PLC, in
each case, in its capacity as co-syndication agent hereunder.
“Collateral”: all Property of the Loan Parties, now owned or hereafter acquired,
upon which a Lien is purported to be created by any Security Document.
“Collateral Agent”: as defined in the preamble hereto.
_________________________
1 RBC Capital Markets is the marketing name for the investment banking
activities of Royal Bank of Canada.

7

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“Commitment”: with respect to any Lender, each of the Term Loan Commitment and
the Revolving Credit Commitment of such Lender.
“Commitment Fee Rate”: 0.50% per annum.
“Commodity Exchange Act”: the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as
amended from time to time, and any successor statute.
“Commonly Controlled Entity”: an entity, whether or not incorporated, that is
under common control with the Company within the meaning of Section 4001 of
ERISA or is part of a group that includes the Company and that is treated as a
single employer under Section 414 of the Code.
“Company”: as defined in the preamble hereto.
“Company Historical Financial Statements”: the Company’s audited consolidated
balance sheets, income statements, results of operations and statements of cash
flows, as of and for the fiscal years ended January 31, 2010, January 31, 2011
and January 31, 2012.
“Company Notice”: as defined in Section 6.08(b).
“Compliance Certificate”: a certificate duly executed by a Responsible Officer,
substantially in the form of Exhibit B, or in such other form as is reasonably
acceptable to the Administrative Agent.
“Consolidated Current Assets”: of any Person at any date, all amounts (other
than cash and Cash Equivalents) that would, in conformity with GAAP, be set
forth opposite the caption “total current assets” (or any like caption) on a
consolidated balance sheet of such Person and its Subsidiaries at such date.
“Consolidated Current Liabilities”: of any Person at any date, all amounts that
would, in conformity with GAAP, be set forth opposite the caption “total current
liabilities” (or any like caption) on a consolidated balance sheet of such
Person and its Subsidiaries at such date, but excluding, with respect to the
Company, (a) the current portion of any Funded Debt of the Company and its
Subsidiaries and (b), without duplication, all Indebtedness consisting of
Revolving Credit Loans, to the extent otherwise included therein.
“Consolidated EBITDA”: of any Person for any period, Consolidated Net Income of
such Person and its Subsidiaries for such period plus, without duplication and
to the extent reflected as a charge in the statement of such Consolidated Net
Income for such period, the sum of (a) income tax expense, (b) interest expense
of such Person and its Subsidiaries, amortization or writeoff of debt discount
and debt issuance costs and commissions, discounts and other fees and charges
associated with Indebtedness (including the Loans), (c) depreciation and
amortization expense, (d) amortization of intangibles (including, but not
limited to, goodwill), (e) losses relating to Hedge Agreements, (f) any
extraordinary, unusual or non-recurring expenses or

8

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

losses (including, whether or not otherwise includable as a separate item in the
statement of such Consolidated Net Income for such period, losses on sales of
assets outside of the ordinary course of business), (g) any other non-cash
charges and (h) transaction costs, fees and expenses in connection with any
Permitted Acquisition (or any contemplated acquisition of a Permitted
Acquisition Target that is not consummated); provided that if any non-cash
charge added back pursuant to clause (f) or (g) represents an accrual or reserve
for potential cash items in any future period, the cash payment in respect
thereof in such future period shall be subtracted from Consolidated EBITDA in
such future period, plus purchase accounting revenue adjustments for such period
related to Permitted Acquisitions, and minus, to the extent included in the
statement of such Consolidated Net Income for such period, the sum of (a)
interest income (except to the extent deducted in determining such Consolidated
Net Income), (b) any extraordinary, unusual or non-recurring income or gains
(including, whether or not otherwise includable as a separate item in the
statement of such Consolidated Net Income for such period, gains on the sales of
assets outside of the ordinary course of business), (c) gains relating to Hedge
Agreements and (d) any other non-cash income, all as determined on a
consolidated basis in accordance with GAAP.
“Consolidated Leverage Ratio”: as at the last day of any Test Period, the ratio
of (a) Consolidated Total Debt on such day to (b) Consolidated EBITDA of the
Company and its Subsidiaries for such period; provided that for purposes of
calculating Consolidated EBITDA of the Company and its Subsidiaries for any
period, (i) for any acquisition or series of related acquisitions (including by
merger or consolidation), the Company may, and if the aggregate consideration
for such acquisition or acquisitions exceeds $25,000,000 shall, include for such
period the Consolidated EBITDA of any Person acquired by the Company or its
Subsidiaries during such period on a pro forma basis (assuming the consummation
of such acquisition and the incurrence or assumption of any Indebtedness in
connection therewith occurred on the first day of such period) and (ii) for any
Disposition or series of related Dispositions, the Company may, and if the
aggregate proceeds of such Disposition or Dispositions exceeds $25,000,000
shall, exclude for such period the Consolidated EBITDA of any Person Disposed of
by the Company or its Subsidiaries during such period (assuming the consummation
of such Disposition and the repayment of any Indebtedness in connection
therewith occurred on the first day of such period).
For purposes of this definition, whenever pro forma effect is given to a
transaction, the pro forma calculations shall be made in good faith by a
Responsible Officer, as set forth in a certificate of a Responsible Officer with
supporting calculations, including with respect to related expenses and cost
savings estimated in good faith by such Responsible Officer to be realized
within 18 months following such transaction (for the avoidance of doubt, net of
additional costs estimated to result from such transaction), such as with
respect to (but not limited to) (w) reduction in personnel expenses, (x)
reduction of costs related to administrative functions, (y) reductions of costs
related to leased or owned properties and (z) reductions from the consolidation
of operations and streamlining of corporate overhead; provided, that the
aggregate amount of adjustments made pursuant to this sentence at any time when
such pro forma calculations are made that are not made in a manner consistent
with Article 11 of Regulation S-X of the Securities Act of 1933 shall at no time
exceed 15% of Consolidated EBITDA for the relevant period after giving pro forma
effect thereto.

9

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“Consolidated Net Income”: of any Person for any period, the consolidated net
income (or loss) of such Person and its Subsidiaries for such period, determined
on a consolidated basis in accordance with GAAP; provided, that in calculating
Consolidated Net Income of the Company and its consolidated Subsidiaries for any
period, there shall be excluded (a) the income (or deficit) of any Person
accrued prior to the date it becomes a Subsidiary of the Company or is merged
into or consolidated with the Company or any of its Subsidiaries, (b) the income
(or deficit) of any Person (other than a Subsidiary of the Company) in which the
Company or any of its Subsidiaries has an ownership interest, except to the
extent that any such income is actually received by the Company or such
Subsidiary in the form of dividends or similar distributions and (c) the
undistributed earnings of any Subsidiary of the Company to the extent that the
declaration or payment of dividends or similar distributions by such Subsidiary
is not at the time permitted by the terms of any Contractual Obligation (other
than under any Loan Document) or Requirement of Law applicable to such
Subsidiary.
“Consolidated Total Assets”: of any Person at any date, all assets that would,
in conformity with GAAP, be set forth opposite the caption “total assets” (or
any like caption) on a consolidated balance sheet of such Person and its
Subsidiaries at such date.
“Consolidated Total Debt”: at any date, (a) the aggregate principal amount of
all Indebtedness of the types described in clauses (a), (c) and (e) of the
definition thereof and, without duplication, of the type described in clause (g)
of the definition thereof (to the extent relating to Indebtedness of the types
described in clause (a), (c) and (e) of the definition thereof) owing by the
Company and its Subsidiaries at such date, determined on a consolidated basis in
accordance with GAAP minus (b) (i) unrestricted cash and Cash Equivalents
included on the consolidated balance sheet of the Company and its Subsidiaries
at such date (x) to the extent the use thereof for application to payment of
Indebtedness is not prohibited by law or any contract to which the Company or
any of the Subsidiaries is a party and (y) in an aggregate amount not to exceed
$150,000,000 (provided that for purposes of determining compliance with the
Consolidated Leverage Ratio upon an incurrence of Indebtedness, such
unrestricted cash and Cash Equivalents shall not include the Net Cash Proceeds
of any such Indebtedness) and (ii) to the extent that neither the Company nor
any Subsidiary is liable therefor, the aggregate principal amount of
Indebtedness of any Person (other than the Company or any Subsidiary) included
in the amount described in clause (a) of this definition.
“Consolidated Working Capital”: at any date, the difference of (a) Consolidated
Current Assets of the Company on such date less (b) Consolidated Current
Liabilities of the Company on such date.
“Continuing Directors”: the directors of the Company on the Amendment Effective
Date, and each other director of the Company, if, in each case, such other
director’s nomination for election to the board of directors of the Company is
recommended by more than 50% of the then Continuing Directors.
“Contractual Obligation”: as to any Person, any provision of any security issued
by such Person or of any agreement, instrument or other undertaking to which
such Person is a party or by which it or any of its Property is bound.

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“Corporate Rating”: (a) with respect to Moody’s, the public “Corporate Family
Rating” of the Company and (b) with respect to S&P, the public “Corporate
Rating” of the Company.
“Default”: any of the events or conditions specified in Article 8, whether or
not any requirement for the giving of notice, the lapse of time, or both, has
been satisfied.
“Defaulting Lender”: subject to Section 2.25(b), any Revolving Credit Lender
that (a) has failed to (i) fund all or any portion of its Loans within two
Business Days of the date such Loans were required to be funded hereunder, or
(ii) pay to the Administrative Agent, any Issuing Lender or any other Lender any
other amount required to be paid by it hereunder (including in respect of its
participation in Letters of Credit) within two Business Days of the date when
due, (b) has notified the Company, the Administrative Agent or any Issuing
Lender in writing that it does not intend to comply with its funding obligations
hereunder, or has made a public statement to that effect, (c) has failed, within
three Business Days after written request by the Administrative Agent or the
Company, to confirm in writing to the Administrative Agent and the Company that
it will comply with its prospective funding obligations hereunder (provided that
such Lender shall cease to be a Defaulting Lender pursuant to this clause (c)
upon receipt of such written confirmation by the Administrative Agent and the
Company), or (d) has, or has a direct or indirect parent company that has, (i)
become insolvent or is the subject of any bankruptcy, insolvency, receivership
or similar proceedings, or (ii) had appointed for it a receiver, custodian,
conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or
assets, including the Federal Deposit Insurance Corporation or any other state
or federal regulatory authority acting in such a capacity; provided that a
Lender shall not be a Defaulting Lender solely by virtue of the ownership or
acquisition of any equity interest in that Lender or any direct or indirect
parent company thereof by a Governmental Authority so long as such ownership
interest does not result in or provide such Lender with immunity from the
jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Lender (or such
Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts
or agreements made with such Lender. Any determination by the Administrative
Agent that a Lender is a Defaulting Lender under any of clauses (a) through (d)
above shall be conclusive and binding absent manifest error, and if the
Administrative Agent makes any such determination, it shall promptly deliver
written notice thereof to the Company, each Issuing Lender and each Lender.
“De Minimis Excluded Foreign Subsidiary”: any Excluded Foreign Subsidiary having
total assets with an aggregate value of less than $2,200,000; provided that the
aggregate value of the total assets of all De Minimis Excluded Foreign
Subsidiaries shall not exceed $11,000,000 at any time.
“Determination Date”: as defined in the definition of “Available Amount”.
“Determination Period”: as of any Determination Date, the immediately preceding
fiscal year of the Company.

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“Disposition”: with respect to any Property, any sale, lease, sale and
leaseback, assignment, conveyance, transfer or other disposition thereof; and
the terms “Dispose” and “Disposed of” shall have correlative meanings.
“Disqualified Capital Stock”: any Capital Stock of any Person, which by its
terms (or by the terms of any security or Capital Stock into which it is
convertible or for which it is exchangeable), or upon the happening of any event
or condition, matures or requires such Person to purchase, redeem, retire,
defease or otherwise make any payment in respect of any Capital Stock of such
Person or any other Person or any warrants, rights or options to acquire such
Capital Stock, in each case, while the Revolving Credit Commitments, Term Loans
and any Incremental Term Loans hereunder remain outstanding or prior to the date
that is 180 days following the later of the Term Loan Maturity Date and the
latest maturity date of any Incremental Term Loans at the time of incurrence of
such Disqualified Capital Stock.
“Dollars” and “$”: dollars in lawful currency of the United States of America.
“Domestic Subsidiary”: any Subsidiary of the Company organized under the laws of
any jurisdiction within the United States of America other than any such
Subsidiary the direct or indirect parent of which is a Foreign Subsidiary.
“Dutch Auction”: an auction conducted by the Company to purchase Term Loans as
contemplated by Section 10.06(k) substantially in accordance with the procedures
set forth in Exhibit J.
“ECF Percentage”: with respect to any fiscal year of the Company, 50%; provided
that the ECF Percentage shall be reduced to (i) 25% if the Consolidated Leverage
Ratio for the Test Period ending on the last day of the relevant fiscal year is
less than 3.75 to 1.00 but greater than or equal to 3.25 to 1.00 and (ii) 0% if
the Consolidated Leverage Ratio for the Test Period ending on the last day of
the relevant fiscal year is less than 3.25 to 1.00.
“Effective Yield”: as to any Loans, the effective all-in-yield on such Loans as
determined in good faith by the Administrative Agent, taking into account the
applicable interest rate margins, any interest rate floors or similar devices
and all fees, including upfront or similar fees or original issue discount
(amortized over the shorter of (x) the weighted average life to maturity of such
Loans and (y) the four years following the date of incurrence thereof) payable
generally to lenders making such Loans, but excluding any arrangement,
structuring or other fees payable in connection therewith that are not generally
shared with the relevant lenders and customary consent fees paid generally to
consenting lenders.
“Eligible Assignee”: (a) in the case of Term Loans, (i) a Lender, (ii) an
Affiliate of a Lender, (iii) a Related Fund of a Lender, and (iv) any other
Person (other than a natural person) approved by the Administrative Agent and
the Company (each such approval not to be unreasonably withheld, delayed or
conditioned and, in the case of the Company, shall be deemed given if such
approval is not received or expressly declined in writing within five Business
Days after request (in accordance with Section 10.02) therefor) and (b) in the
case of any assignment of a Revolving Credit Commitment, (i) a Revolving Credit
Lender, (ii) an Affiliate of a

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Revolving Credit Lender, (iii) a Related Fund of a Revolving Credit Lender, and
(iv) any other Person (other than a natural person) approved by the
Administrative Agent, each Issuing Lender and the Company (each such approval
not to be unreasonably withheld, delayed or conditioned and, in the case of the
Company, shall be deemed given if such approval is not received or expressly
declined in writing within five Business Days after request (in accordance with
Section 10.02) therefor); provided that the consent of the Company shall not be
required for any assignment of Term Loans or Revolving Credit Commitments if an
Event of Default has occurred and is continuing or in the case of assignments
during the primary syndication of the Commitments and Loans to Persons
identified to the Company in writing prior to the Amendment Effective Date as
syndication targets; provided, further that notwithstanding the foregoing,
“Eligible Assignee” shall not include (x) the Company or any of the Company’s
Affiliates (it being understood and agreed that assignments to the Company may
only be made pursuant to Section 10.06(k)) or (y) any Defaulting Lender.
“Engagement Letter”: the Amended and Restated Engagement Letter dated as of
February 26, 2013 among the Company and the Joint Lead Arrangers.
“Environmental Laws”: any and all laws, rules, orders, regulations, statutes,
ordinances, guidelines, codes, decrees, or other legally enforceable
requirements (including, without limitation, common law) of any international
authority, foreign government, the United States, or any state, local, municipal
or other governmental authority, regulating, relating to or imposing liability
or standards of conduct concerning protection of the environment or of human
health, or employee health and safety, as has been, is now, or may at any time
hereafter be, in effect.
“Environmental Liability”: any liability, loss, damage, cost and expense, fine,
penalty, sanction and interest resulting from or related to Materials of
Environmental Concern.
“Environmental Permits”: any and all permits, licenses, approvals,
registrations, notifications, exemptions and other authorizations required under
any Environmental Law.
“ERISA”: the Employee Retirement Income Security Act of 1974, as amended from
time to time.
“ERISA Event”: (a) the failure to satisfy the minimum funding standard with
respect to a Single Employer Plan or Multiemployer Plan within the meaning of
Section 412 of the Code or Section 302 of ERISA, (b) a determination that a
Single Employer Plan is, or is expected to be, in “at risk” status (as defined
in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code); (c) a
determination that a Multiemployer Plan is, or is expected to be, in “endangered
status” or “critical status” (as defined in Section 305(b) of ERISA) or (d) the
filing pursuant to Section 302(c) of ERISA or Section 412(c) of the Code of an
application for a waiver of the minimum funding standard with respect to any
Single Employer Plan or Multiemployer Plan.
“Eurodollar Loans”: Loans for which the applicable rate of interest is based
upon the Adjusted LIBO Rate.

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“Eurodollar Tranche”: the collective reference to Eurodollar Loans under a
particular Facility the then current Interest Periods with respect to all of
which begin on the same date and end on the same later date (whether or not such
Loans shall originally have been made on the same day).
“Event of Default”: any of the events specified in Article 8, provided that any
requirement for the giving of notice, the lapse of time, or both, has been
satisfied.
“Evidence of Flood Insurance”: as defined in Section 6.08(b).
“Excess Cash Flow”: for any fiscal year of the Company, the excess, if any, of
(a) the sum, without duplication, of (i) Consolidated Net Income for such fiscal
year, (ii) the amount of all non-cash charges (including depreciation and
amortization) deducted in arriving at such Consolidated Net Income, (iii) the
amount of the decrease, if any, in Consolidated Working Capital for such fiscal
year, (iv) the aggregate net amount of non-cash loss on the Disposition of
Property by the Company and its Subsidiaries during such fiscal year (other than
sales of inventory in the ordinary course of business), to the extent deducted
in arriving at such Consolidated Net Income, (v) the net liability increase
during such fiscal year (if any) in long-term deferred tax accounts of the
Company and (vi) the net amount of cash actually received by the Company and its
Subsidiaries during such fiscal year with respect to any interest rate Hedge
Agreement that does not qualify for hedge accounting treatment under GAAP minus
(b) the sum, without duplication, of (i) the amount of all non-cash credits
included in arriving at such Consolidated Net Income, (ii) the aggregate amount
actually paid by the Company and its Subsidiaries in cash during such fiscal
year on account of Capital Expenditures, except to the extent financed with the
proceeds of Indebtedness, equity issuances, casualty proceeds, condemnation
proceeds or other proceeds, in each case, not included in Consolidated Net
Income or to the extent financed with the proceeds of any Reinvestment Deferred
Amount or the Available Amount, (iii) the amount of all payments of the Term
Loans during such fiscal year pursuant to Section 2.03 and the amount of any
mandatory prepayment of Term Loans during such fiscal year pursuant to Section
2.10(b) to the extent required due to a Disposition that resulted in an increase
to Consolidated Net Income and not in excess of the amount of such increase, but
only to the extent that such payments do not occur pursuant to a refinancing of
all or any portion of the Term Loans, (iv) the aggregate amount of all regularly
scheduled principal payments of Funded Debt (other than the Term Loans) of the
Company and its Subsidiaries made in cash during such fiscal year, but only to
the extent that the Funded Debt so prepaid by its terms cannot be reborrowed or
redrawn and such prepayments do not occur pursuant to a refinancing of all or
any portion of such Funded Debt (and not utilizing the Available Amount), (v)
the amount of the increase, if any, in Consolidated Working Capital for such
fiscal year, (vi) the aggregate net amount of non-cash gain on the Disposition
of Property by the Company and its Subsidiaries during such fiscal year (other
than sales of inventory in the ordinary course of business), to the extent
included in arriving at such Consolidated Net Income, (vii) the net liability
decrease during such fiscal year (if any) in long-term deferred tax accounts of
the Company, (viii) any Reinvestment Deferred Amounts outstanding prior to the
applicable Reinvestment Prepayment Date, (ix) amounts paid in cash during such
fiscal year pursuant to transactions described in Section 7.06(c), (d) or (e),
(x) the aggregate amount actually paid by the

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Company and its Subsidiaries in cash during such fiscal year in connection with
Permitted Acquisitions, except to the extent financed with the proceeds of
Indebtedness (other than Indebtedness that is repaid prior to the end of the
fiscal year in which such Permitted Acquisition was consummated with cash
generated from operations), equity issuances, casualty proceeds, condemnation
proceeds or other proceeds, in each case, not included in Consolidated Net
Income or to the extent financed with the proceeds of any Reinvestment Deferred
Amount or the Available Amount, (xi) amounts paid in cash during such fiscal
year with respect to debt issuance costs and commissions, discounts and other
fees and charges associated with the incurrence of Indebtedness (other than such
as are paid with the proceeds of such Indebtedness) and (xii) the net amount of
cash actually paid by the Company and its Subsidiaries during such fiscal year
with respect to any interest rate Hedge Agreement that does not qualify for
hedge accounting treatment under GAAP.
“Excess Cash Flow Application Date”: as defined in Section 2.10(c).
“Exchange Act”: the Securities Exchange Act of 1934, as amended from time to
time.
“Excluded Domestic Subsidiary”: each Domestic Subsidiary listed on Schedule
1.01B. Notwithstanding anything in any Loan Document to the contrary, the
Company shall only be obligated to cause any Excluded Domestic Subsidiary that
has or is required to maintain a Federal security clearance (a “Cleared
Subsidiary”) to comply with covenants in the Loan Documents otherwise applicable
to Subsidiaries to the extent the Company is reasonably able to do so, without
adversely impacting such Cleared Subsidiary’s Federal security clearance;
provided that to the extent the Company is reasonably able to do so without
adversely impacting such Cleared Subsidiary’s Federal security clearance, the
Company shall notify the Administrative Agent of any non-compliance by such
Cleared Subsidiary with any of the covenants in the Loan Documents.
“Excluded Foreign Subsidiary”: any Foreign Subsidiary other than (i) a Foreign
Subsidiary treated for U.S. federal income tax purposes as a pass-through entity
such that its income is, for U.S. federal income tax purposes, treated as income
of the Company or a Domestic Subsidiary and (ii) any Foreign Subsidiary that the
Company causes to become a Subsidiary Guarantor; provided that notwithstanding
the foregoing, the Foreign Subsidiaries listed on Schedule 1.01A shall be deemed
to be Excluded Foreign Subsidiaries unless the Company causes any such Foreign
Subsidiary to become a Subsidiary Guarantor.
“Excluded Swap Obligation”: with respect to any Subsidiary Guarantor, any Swap
Obligation if, and to the extent that, all or a portion of the Guarantor
Obligation (as defined in the Guarantee and Collateral Agreement) of such
Subsidiary Guarantor of, or the grant by such Subsidiary Guarantor of a security
interest to secure, such Swap Obligation (or any Guarantor Obligation thereof)
is or becomes illegal under the Commodity Exchange Act or any rule, regulation
or order of the Commodity Futures Trading Commission (or the application or
official interpretation of any thereof) by virtue of such Subsidiary Guarantor’s
failure for any reason to constitute an “eligible contract participant” as
defined in the Commodity Exchange Act and the regulations thereunder at the time
the Guarantor Obligation of such Subsidiary Guarantor or the grant of such
security interest becomes effective with respect to such Swap Obligation. If a

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Swap Obligation arises under a master agreement governing more than one swap,
such exclusion shall apply only to the portion of such Swap Obligation that is
attributable to swaps for which such Guarantor Obligation or security interest
is or becomes illegal.
“Excluded Taxes”: as defined in Section 2.18(a).
“Existing Credit Agreement”: as defined in the recitals to this Agreement.
“Existing Debt”: all principal, premium, if any, interest, fees and other
amounts due or outstanding under the Existing Credit Agreement.
“Facility”: each of (a) the Term Loan Commitments and the Term Loans made
thereunder (the “Term Loan Facility”) and (b) the Revolving Credit Commitments
and the extensions of credit made thereunder (the “Revolving Credit Facility”).
“FATCA”: Sections 1471 through 1474 of the Code, as in effect on the Original
Closing Date, and any applicable Treasury regulation promulgated thereunder or
published administrative guidance implementing such Sections whether in
existence on the Original Closing Date or promulgated or published thereafter.
“FCPA”: as defined in Section 4.21.
“Federal Funds Effective Rate”: for any day, the weighted average 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 of the quotations for
the day for such transactions received by the Administrative Agent from three
federal funds brokers of recognized standing selected by it.
“Financial Covenant”: the covenant set forth in Section 7.01.
“Financial Covenant Default”: (i) a failure to comply with the Financial
Covenant or (ii) the taking of any action by the Company or its Subsidiaries if
such action was prohibited hereunder solely due to the existence of a Financial
Covenant Default of the type described in clause (i) of this definition. It is
understood and agreed that this definition may not be amended without the
written consent of the Majority Revolving Credit Facility Lenders.
“Flood Determination Form”: as defined in Section 6.08(b).
“Flood Documents”: as defined in Section 6.08(b).
“Flood Laws”: the National Flood Insurance Reform Act of 1994 and related
legislation (including the regulations of the Board of Governors of the Federal
Reserve System).
“Foreign Subsidiary”: any Subsidiary of the Company that is not a Domestic
Subsidiary.

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“Foreign Borrower”: any Subsidiary Borrower that is a Foreign Subsidiary.
“Foreign Subsidiary Guarantor”: any Qualified Foreign Subsidiary that, at the
election of the Company, becomes a Subsidiary Guarantor in accordance with
Section 2.23.
“Fronting Exposure”: at any time there is a Defaulting Lender, with respect to
any Issuing Lender, such Defaulting Lender’s Revolving Credit Percentage of the
outstanding L/C Obligations with respect to Letters of Credit issued by such
Issuing Lender other than L/C Obligations as to which such Defaulting Lender’s
participation obligation has been reallocated to other Lenders or Cash
Collateralized in accordance with the terms hereof.
“Funded Debt”: with respect to any Person, all Indebtedness of such Person of
the types described in clauses (a) through (e) of the definition of
“Indebtedness” in this Section 1.01.
“Funding Office”: the office specified from time to time by the Administrative
Agent as its funding office by notice to the Company and the Lenders.
“GAAP”: generally accepted accounting principles in the United States of America
as in effect from time to time.
“Governmental Authority”: any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body,
court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative functions of or pertaining to government
(including any supra-national bodies such as the European Union or the European
Central Bank), any securities exchange and any self-regulatory organization
(including the National Association of Insurance Commissioners).
“Governmental Official”: as defined in Section 4.21.
“Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement
dated as of April 29, 2011 by the Company and each other Loan Party from time to
time party thereto in favor of the Collateral Agent, as the same may be amended,
supplemented or otherwise modified from time to time.
“Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation, including a reimbursement, counterindemnity or similar obligation,
of the guaranteeing person that guarantees or in effect guarantees, or which is
given to induce the creation of a separate obligation by another Person
(including any bank under any letter of credit) that guarantees or in effect
guarantees any Indebtedness, leases, dividends or other obligations (the
“primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including, without limitation, any
obligation of the guaranteeing person, whether or not contingent, (i) to
purchase any such primary obligation or any Property constituting direct or
indirect security therefor, (ii) to advance or supply funds (1) for the purchase
or payment of any such primary obligation or (2) to maintain working capital or
equity capital of the primary obligor or otherwise to maintain the net worth or
solvency of the primary obligor, (iii) to purchase Property, securities or
services primarily for the purpose of

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assuring the owner of any such primary obligation of the ability of the primary
obligor to make payment of such primary obligation or (iv) otherwise to assure
or hold harmless the owner of any such primary obligation against loss in
respect thereof; provided, however, that the term Guarantee Obligation shall not
include endorsements of instruments for deposit or collection in the ordinary
course of business. The amount of any Guarantee Obligation of any guaranteeing
person shall be deemed to be the lower of (a) an amount equal to the stated or
determinable amount of the primary obligation in respect of which such Guarantee
Obligation is made and (b) the maximum amount for which such guaranteeing person
may be liable pursuant to the terms of the instrument embodying such Guarantee
Obligation, unless such primary obligation and the maximum amount for which such
guaranteeing person may be liable are not stated or determinable, in which case
the amount of such Guarantee Obligation shall be such guaranteeing person’s
maximum reasonably anticipated liability in respect thereof as determined by the
Company in good faith.
“Hedge Agreements”: all interest rate or currency swaps, caps or collar
agreements, foreign exchange agreements, commodity contracts or similar
arrangements entered into by the Company or its Subsidiaries providing for
protection against fluctuations in interest rates, currency exchange rates or
commodity prices, either generally or under specific contingencies.
“Incremental Amendment”: as defined in Section 2.22.
“Incremental Facility Closing Date”: as defined in Section 2.22.
“Incremental Term Loans”: as defined in Section 2.22.
“Incurrence Financial Covenant”: in the case of any Test Period, the
Consolidated Leverage Ratio as at the last day of any Test Period shall not
exceed (i) in the case of any Test Period ended on or before January 31, 2015,
5.00 to 1.00 and (ii) thereafter, 4.50 to 1.00.
“Indebtedness”: of any Person at any date, without duplication, (a) all
obligations of such Person for borrowed money, (b) all obligations of such
Person for the deferred purchase price of Property or services (other than trade
payables incurred in the ordinary course of such Person’s business and earn outs
and other similar contingent payments), (c) all obligations of such Person
evidenced by notes, bonds, debentures or other similar instruments, (d) all
indebtedness created or arising under any conditional sale or other title
retention agreement with respect to Property acquired by such Person (even
though the rights and remedies of the seller or lender under such agreement in
the event of default are limited to repossession or sale of such Property), (e)
all Capital Lease Obligations of such Person, (f) all reimbursement, payment or
similar obligations of such Person, contingent or otherwise, as an account party
or applicant under acceptance, letter of credit, surety bond or similar
facilities other than those securing only trade payables or non-financial
performance obligations incurred in the ordinary course of business, (g) all
Guarantee Obligations of such Person in respect of obligations of the kind
referred to in clauses (a) through (f) above, (h) all obligations of the kind
referred to in clauses (a) through (g) above secured by (or for which the holder
of such obligation has an existing right, contingent or otherwise, to be secured
by) any Lien on Property (including, without limitation, accounts and contract
rights) owned by such Person, whether or not such Person has assumed or

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become liable for the payment of such obligation; provided that, if such Person
has not assumed such obligations, then the amount of Indebtedness of such Person
for purposes of this clause (h) shall be equal to the lesser of the aggregate
unpaid amount of such Indebtedness and the fair market value of the assets of
such Person which secure such Indebtedness, (i) all obligations of such Person
in respect of Disqualified Capital Stock, valued, in the case of redeemable
preferred interests, at the greater of its voluntary or involuntary liquidation
preference plus accrued and unpaid dividends, and (j) for the purposes of
Section 7.02 and paragraph (e) of Article 8 only, all obligations of such Person
in respect of Hedge Agreements. The Indebtedness of any Person shall include the
Indebtedness of any other entity (including any partnership in which such Person
is a general partner) to the extent such Person is liable therefor as a result
of such Person’s ownership interest in or other relationship with such entity,
except to the extent the terms of such Indebtedness expressly provide that such
Person is not liable therefor.
“Indemnitee”: as defined in Section 10.05(b).
“Insolvency”: with respect to any Multiemployer Plan, the condition that such
Plan is insolvent within the meaning of Section 4245 of ERISA.
“Insolvent”: pertaining to a condition of Insolvency.
“Intellectual Property”: the collective reference to all rights, priorities and
privileges relating to intellectual property, whether arising under United
States, multinational or foreign laws or otherwise, including, without
limitation, copyrights, copyright licenses, patents, patent licenses,
trademarks, trademark licenses, technology, know-how and processes, and all
rights to sue at law or in equity for any infringement or other impairment
thereof, including the right to receive all proceeds and damages therefrom.
“Interest Payment Date”: (a) as to any Base Rate Loan, each Payment Date to
occur while such Loan is outstanding and the final maturity date of such Loan,
(b) as to any Eurodollar Loan having an Interest Period of three months or
shorter, the last day of such Interest Period, (c) as to any Eurodollar Loan
having an Interest Period longer than three months, each day that is three
months, or a whole multiple thereof, after the first day of such Interest
Period, and the last day of such Interest Period and (d) as to any Loan (other
than any Revolving Credit Loan that is a Base Rate Loan), the date of any
repayment or prepayment made in respect thereof.
“Interest Period”: as to any Eurodollar Loan, (a) initially, the period
commencing on the borrowing or conversion date, as the case may be, with respect
to such Eurodollar Loan and ending one, two, three or six or (if agreed to by
all Lenders under the relevant Facility, as determined by such Lenders in their
sole discretion) nine or twelve months thereafter, as selected by the Borrower
in its notice of borrowing or notice of conversion, as the case may be, given
with respect thereto; and (b) thereafter, each period commencing on the last day
of the next preceding Interest Period applicable to such Eurodollar Loan and
ending one, two, three or six or (if agreed to by all Lenders under the relevant
Facility, as determined by such Lenders in their sole discretion) nine or twelve
months thereafter, as selected by the Borrower by irrevocable notice to the
Administrative Agent not later than 11:00 a.m., New York City time, on the date
that is three Business Days prior to the last day of the then current Interest
Period with respect

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thereto; provided that, all of the foregoing provisions relating to Interest
Periods are subject to the following:
(1)    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 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;
(2)    any Interest Period that would otherwise extend beyond the Revolving
Credit Termination Date or the Term Loan Maturity Date, as the case may be,
shall end on the Revolving Credit Termination Date or Term Loan Maturity Date,
as applicable; and
(3)    any Interest Period that begins on the last Business Day of a calendar
month (or on a day for which there is no numerically corresponding day in the
calendar month at the end of such Interest Period) shall end on the last
Business Day of the calendar month at the end of such Interest Period.
“Investments”: as defined in Section 7.07.
“Issuing Lender”: each of Credit Suisse AG, acting through any of its Affiliates
or branches, and Royal Bank of Canada, in each case, in its capacity as an
issuer of Letters of Credit hereunder, and any other Revolving Credit Lender
from time to time designated by the Company as an Issuing Lender with the
consent of such Revolving Credit Lender and the Administrative Agent with
respect to Letters of Credit issued by such Revolving Credit Lender. A Issuing
Lender may, in its discretion, arrange for one or more Letters of Credit to be
issued by Affiliates or branches of such Issuing Lender, in which case the term
“Issuing Lender” shall include any such Affiliate or branch with respect to
Letters of Credit issued by such Affiliate or branch.
“Joint Bookrunners”: Credit Suisse Securities (USA) LLC, Deutsche Bank
Securities Inc., RBC Capital Markets, Barclays Bank PLC and HSBC Securities
(USA) Inc., in their capacities as joint bookrunners of the Facilities
hereunder.
“Joint Lead Arrangers”: Credit Suisse Securities (USA) LLC, Deutsche Bank
Securities Inc., RBC Capital Markets, Barclays Bank PLC and HSBC Securities
(USA) Inc., in their capacities as joint lead arrangers of the Facilities
hereunder.
“L/C Commitment”: $25,000,000.
“L/C Disbursement”: a payment or disbursement made by any Issuing Lender
pursuant to a Letter of Credit issued by such Issuing Lender.
“L/C Fee”: as defined in Section 3.03.
“L/C Fee Payment Date”: each Payment Date, and the last day of the Revolving
Credit Commitment Period.

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“L/C Obligations”: at any time, an amount equal to the sum of (a) the aggregate
then undrawn and unexpired amount of the then outstanding Letters of Credit and
(b) the aggregate amount of drawings under Letters of Credit that have not then
been reimbursed pursuant to Section 3.05.
“L/C Participants”: with respect to any Letter of Credit, the collective
reference to all the Revolving Credit Lenders other than the Issuing Lender that
issued such Letter of Credit.
“Lender Presentation”: the Lender Presentation dated February 2013 and furnished
to the Administrative Agent in connection with the Amendment Agreement.
“Lenders”: as defined in the preamble hereto.
“Letters of Credit”: as defined in Section 3.01(a).
“LIBO Rate”: with respect to any Eurodollar Loan for any Interest Period, the
rate per annum determined by the Administrative Agent at approximately 11:00
a.m. (London time) on the date that is two Business Days prior to the
commencement of such Interest Period by reference to the British Bankers’
Association Interest Settlement Rates for deposits in Dollars (as set forth by
any service selected by the Administrative Agent that has been nominated by the
British Bankers’ Association as an authorized information vendor for the purpose
of displaying such rates) for a period equal to such Interest Period; provided
that, to the extent that an interest rate is not ascertainable pursuant to the
foregoing provisions of this definition, the “LIBO Rate” shall be the interest
rate per annum determined by the Administrative Agent to be the average of the
rates per annum at which deposits in Dollars are offered for such relevant
Interest Period to major banks in the London interbank market in London, England
by the Administrative Agent at approximately 11:00 a.m. (London time) on the
date that is two Business Days prior to the commencement of such Interest
Period.
“Lien”: any mortgage, deed of trust, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), charge or other security
interest or any similar security arrangement of any kind or nature whatsoever
(including, without limitation, the interest of a vendor or lessor under any
conditional sale, any other title retention agreement, any capital lease or any
other financing lease having substantially the same economic effect as any of
the foregoing).
“Loan”: any loan made by any Lender pursuant to this Agreement.
“Loan Documents”: this Agreement, the Security Documents, any Incremental
Amendment, the Applications, the Notes, any Subsidiary Borrower Request and
Assumption Agreement and the Amendment Agreement.
“Loan Parties”: each Borrower and each Subsidiary Guarantor.
“Majority Facility Lenders”: with respect to any Facility, the holders of more
than 50% of the aggregate unpaid principal amount of the Term Loans or the Total
Revolving Extensions

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of Credit, as the case may be, outstanding under such Facility (or, in the case
of the Revolving Credit Facility, prior to any termination of the Revolving
Credit Commitments, the holders of more than 50% of the Total Revolving Credit
Commitments).
“Majority Revolving Credit Facility Lenders”: the Majority Facility Lenders in
respect of the Revolving Credit Facility.
“Material Adverse Effect”: a material adverse change in or an event or
occurrence materially and adversely affecting (a) the business, assets,
property, operations or condition (financial or otherwise) of the Company and
its Subsidiaries taken as a whole, (b) a material impairment of the ability of
the Company and the other Loan Parties, taken as a whole, to perform their
obligations under the Loan Documents to which they are or will be a party or (c)
the validity or enforceability of this Agreement or any of the other Loan
Documents or the rights and remedies of the Agents and the Lenders hereunder or
thereunder.
“Materials of Environmental Concern”: any gasoline or petroleum (including crude
oil or any fraction thereof) or petroleum products, polychlorinated biphenyls,
urea-formaldehyde insulation, asbestos, pollutants, contaminants, radioactivity,
and any other substances defined as hazardous or toxic under any Environmental
Law, that is regulated pursuant to or could give rise to liability under any
Environmental Law.
“Moody’s”: Moody’s Investors Service, Inc, or any successor thereto.
“Mortgaged Properties”: the real properties which become subject to a Mortgage
pursuant to Section 6.08(b) as to which the Collateral Agent for the benefit of
the Secured Parties shall be granted a Lien pursuant to one or more Mortgages.
“Mortgages”: each of the mortgages and deeds of trust made by any Loan Party in
favor of, or for the benefit of, the Collateral Agent for the benefit of the
Secured Parties, in such form or forms as are reasonably satisfactory to the
Collateral Agent.
“Multiemployer Plan”: a Plan that is a multiemployer plan as defined in Section
4001(a)(3) of ERISA.
“Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery
Event, the proceeds thereof in the form of cash and Cash Equivalents (including
any such proceeds received by way of deferred payment of principal pursuant to a
note or installment receivable or purchase price adjustment receivable or
otherwise, and any other cash proceeds subsequently received in respect of
noncash consideration initially received, but only as and when received) of such
Asset Sale or Recovery Event, net of attorneys’ fees, accountants’ fees,
broker’s fees and commissions, investment banking fees, amounts required to be
applied to the repayment of Indebtedness secured by a Lien expressly permitted
hereunder on any asset which is the subject of such Asset Sale or Recovery Event
(other than any such Indebtedness assumed by the purchaser of such asset and
other than any Lien pursuant to a Security Document), other customary fees and
expenses actually incurred in connection therewith and amounts provided as a
reserve, in accordance with GAAP, against (x) any liabilities under any
indemnification obligations

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associated with such Asset Sale or Recovery Event or (y) any other liabilities
retained by the Company or any Subsidiary thereof associated with the properties
sold in such Asset Sale or subject to such Recovery Event (provided that, in
each case, to the extent and at the time any such amounts are released from such
reserve, such amounts shall constitute Net Cash Proceeds), and net of taxes paid
or reasonably estimated to be payable as a result thereof (after taking into
account any available tax credits or deductions and any tax sharing
arrangements) and (b) in connection with any issuance or sale of equity
securities or debt securities or instruments or the incurrence of loans, the
cash proceeds received from such issuance or incurrence, net of attorneys’ fees,
investment banking fees, accountants’ fees, underwriting discounts and
commissions and other customary fees and expenses actually incurred in
connection therewith.
“Net Equity Proceeds”: with respect to each capital contribution to any Person
or sale or issuance by any Person of its Capital Stock, the cash proceeds
received by such Person therefrom net of reasonable transaction costs
(including, as applicable, any underwriting, brokerage or other customary
discounts and commissions and reasonable legal, advisory and other fees and
expenses associated therewith).
“NFIP”: as defined in Section 6.08(b).
“Non-Defaulting Lender”: at any time, each Lender that is not a Defaulting
Lender at such time.
“Non-Excluded Taxes”: as defined in Section 2.18(a).
“Non-U.S. Lender”: as defined in Section 2.18(d).
“Note”: any promissory note evidencing any Loan.
“Obligations”: the unpaid principal of and interest on (including, without
limitation, interest accruing after the maturity of the Loans and Reimbursement
Obligations and any interest that accrues after the commencement of any case,
proceeding or other action relating to the bankruptcy, insolvency or
reorganization of any Loan Party (or would accrue but for the operation of
applicable bankruptcy or insolvency laws), whether or not such interest is
allowed or allowable as a claim in any such proceeding) the Loans, the
Reimbursement Obligations and all other obligations and liabilities of the
Borrowers to the Administrative Agent, the Collateral Agent or to any Lender,
any Qualified Counterparty or any Cash Management Bank, whether direct or
indirect, absolute or contingent, due or to become due, or now existing or
hereafter incurred, which may arise under, out of, or in connection with, this
Agreement, any other Loan Document, the Letters of Credit, any Specified Hedge
Agreement, any Specified Cash Management Agreement or any other document made,
delivered or given in connection herewith or therewith, whether on account of
principal, interest, reimbursement obligations, fees, indemnities, costs,
expenses (including, without limitation, all fees, charges and disbursements of
counsel to the Administrative Agent, the Collateral Agent or to any Lender that
are required to be paid by the Borrowers pursuant hereto) or otherwise;
provided, that (i) obligations of any Borrower or any Subsidiary Guarantor under
any Specified Hedge Agreement or any Specified Cash Management Agreement shall
be secured and guaranteed only to the extent that, and for so

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long as, the other Obligations are so secured and guaranteed and (ii)  any
release of Collateral or Subsidiary Guarantors effected in the manner permitted
by this Agreement shall not require the consent of holders of obligations under
Specified Hedge Agreements or Specified Cash Management Agreements.
Notwithstanding the foregoing, the Obligations and the “Obligations” as defined
in the Guarantee and Collateral Agreement shall in no event include any Excluded
Swap Obligations.
“OFAC”: as defined in Section 4.20.
“Original Closing Date”: April 29, 2011.
“Original Lenders”: as defined in the recitals to this Agreement.
“Other Taxes”: any and all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any
payment made under any Loan Document or from the execution, delivery or
enforcement of, or otherwise with respect to, this Agreement or any other Loan
Document.
“Participant”: as defined in Section 10.06(b).
“Participant Register”: as defined in Section 10.06(b).
“Payment Amount”: as defined in Section 3.05.
“Payment Date”: the first Business Day after the last day of each January,
April, July and October.
“Payment Office”: the office specified from time to time by the Administrative
Agent as its payment office by notice to the Company and the Lenders.
“PBGC”: the Pension Benefit Guaranty Corporation established pursuant to
Subtitle A of Title IV of ERISA (or any successor).
“Perfection Certificate”: the Perfection Certificate substantially in the form
of Exhibit B to the Guarantee and Collateral Agreement.
“Permitted Acquisition”: an acquisition or any series of related acquisitions by
the Company or any of its Subsidiaries (including any merger where the Company
or any of its Subsidiaries is the surviving entity) of (a) all or substantially
all of the assets of a Person or a majority of the outstanding voting Capital
Stock or economic interests of a Person that, upon consummation of such
acquisition, will be a Subsidiary of the Company or merged with or into the
Company or a Subsidiary of the Company or (b) any division, line of business or
other business unit of a Person (such Person or such division, line of business
or other business unit of such Person shall be referred to herein as the
“Permitted Acquisition Target”), in each case that is a type of business (or
assets used in a type of business) permitted to be engaged in pursuant to
Section 7.14, so long as (i) no Default or Event of Default shall then exist or
would exist after giving effect thereto, (ii) for any acquisition for an
aggregate consideration greater than

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$25,000,000, the Company shall demonstrate to the reasonable satisfaction of the
Administrative Agent that, both at the time of the proposed acquisition and
after giving effect to the acquisition on a pro forma basis, the Company is in
compliance with the Incurrence Financial Covenant, (iii) for any acquisition for
an aggregate consideration greater than $25,000,000, the Administrative Agent
shall have received (A) a description of the material terms of such acquisition,
(B) upon request, audited financial statements (or, if unavailable,
management-prepared financial statements) of the Permitted Acquisition Target
for its two most recent fiscal years and for any fiscal quarters ended within
the fiscal year to date for which financial statements are readily available and
(C) upon request, consolidated projected income statements of the Company and
its Subsidiaries (giving effect to such acquisition), all in form and substance
reasonably satisfactory to the Administrative Agent, (iv) such acquisition shall
not be a “hostile” acquisition and shall have been approved by the Board of
Directors or similar governing body and/or shareholders or other equity holders
of the Permitted Acquisition Target, and (v) the aggregate consideration paid by
the Loan Parties in the case of acquisitions of (A) entities that are not and do
not become Subsidiary Guarantors or (B) assets that are not owned by a Loan
Party shall not exceed $125,000,000 after the Amendment Effective Date (provided
that amounts available under Section 7.07(i), Section 7.07(n) and Section
7.07(o) for making Investments may also be used to pay consideration for such
Permitted Acquisitions).
“Permitted Acquisition Indebtedness”: Indebtedness of a Permitted Acquisition
Target that is not incurred by such Permitted Acquisition Target, the Company or
any Subsidiary in contemplation of (or in connection with) a Permitted
Acquisition, including any obligations under agreements providing for earn outs,
deferred purchase price, indemnification, adjustment of purchase price or
similar obligations, or from Guaranty Obligations or letters of credit, surety
bonds or performance bonds securing the performance of the Company or any
Subsidiary pursuant to such agreements, in connection with Permitted
Acquisitions.
“Permitted Acquisition Target”: as defined in the definition of Permitted
Acquisition.
“Permitted Disposition Amount”: as defined in Section 7.05(e).
“Permitted Equity Issuance”: any sale or issuance of any Qualified Capital Stock
of the Company or a cash capital contribution to the Company in respect of its
common Capital Stock.
“Permitted Refinancing”: any Indebtedness issued in exchange for, or the net
proceeds of which are used to extend, refinance, renew, replace, defease or
refund, other Indebtedness; provided that:
(i) the principal amount (or accreted value, if applicable) of such Indebtedness
does not exceed the principal amount (or accreted value, if applicable) of the
Indebtedness so exchanged, extended, refinanced, renewed, replaced, defeased or
refunded (plus all accrued interest thereon and the amount of all fees, expenses
and premiums incurred in connection therewith);
(ii) such Indebtedness has a final maturity date no earlier than the final
maturity date of, and has a weighted average life to maturity equal to or
greater than the weighted average life to

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maturity of, the Indebtedness being exchanged, extended, refinanced, renewed,
replaced, defeased or refunded;
(iii) such Indebtedness is incurred by the obligor (or obligors) on the
Indebtedness being exchanged, extended, refinanced, renewed, replaced, defeased
or refunded;
(iv) if such Indebtedness being exchanged, extended, refinanced, renewed,
replaced, defeased or refunded is subordinated in right of payment to the
Obligations, such new, extension, refinancing, renewal, replacement, defeasance
or refunding Indebtedness shall be subordinated in right of payment to the
Obligations on terms at least as favorable to the Lenders, taken as a whole, as
those contained in the documentation governing the Indebtedness being exchanged,
extended, refinanced, renewed, replaced, defeased or refunded;
(v) if such Indebtedness being exchanged, extended, refinanced, renewed,
replaced, defeased or refunded is Permitted Acquisition Indebtedness, such new,
extension, refinancing, renewal, replacement, defeasance or refunding
Indebtedness shall not have any obligors other than the obligors in respect of
the Permitted Acquisition Indebtedness being exchanged, extended, refinanced,
renewed, replaced, defeased or refunded; and
(vi) no Event of Default shall have occurred and be continuing.
“Person”: an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint
venture, Governmental Authority or other entity of whatever nature.
“Plan”: at a particular time, any employee benefit plan that is covered by ERISA
and in respect of which the Company or a Commonly Controlled Entity is (or, if
such plan were terminated at such time, would under Section 4069 of ERISA be
deemed to be) an “employer” as defined in Section 3(5) of ERISA.
“Pledged Stock”: as defined in Guarantee and Collateral Agreement.
“Prime Rate”: the rate of interest per annum determined from time to time by
Credit Suisse AG as its generally applicable prime rate in effect at its
principal office in New York City and notified to the Company. The prime rate is
a rate set by Credit Suisse AG based upon various factors including Credit
Suisse AG’s costs and desired return, general economic conditions and other
factors, and is used as a reference point for pricing some loans, which may be
priced at, above, or below such rate.
“Pro Forma Financial Statements”: as defined in Section 4.01(a).
“Projections”: as defined in Section 6.02(c).
“Property”: any right or interest in or to property of any kind whatsoever,
whether real, personal or mixed and whether tangible or intangible, including,
without limitation, Capital Stock.

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“Qualified Capital Stock”: any Capital Stock of the Company that is not
Disqualified Capital Stock.
“Qualified Counterparty”: with respect to any Specified Hedge Agreement, any
counterparty thereto that, at the time such Specified Hedge Agreement was
entered into, was a Lender or an Affiliate of a Lender or of the Administrative
Agent or the Collateral Agent.
“Qualified Foreign Subsidiary”: any Foreign Subsidiary organized under the laws
of a Qualified Jurisdiction.
“Qualified Jurisdiction”: Canada, Israel, the United Kingdom, Cayman Islands and
any other jurisdiction approved by the Administrative Agent.
“Recordable Intellectual Property”: as defined in the Guarantee and Collateral
Agreement.
“Recovery Event”: any settlement of or payment in respect of, or any series of
related settlements of or payments in respect of, any property or casualty
insurance claim or any condemnation proceeding relating to any asset of the
Company or any of its Subsidiaries in excess of $3,300,000.
“Register”: as defined in Section 10.06(e).
“Regulation H”: Regulation H of the Board as in effect from time to time.
“Regulation U”: Regulation U of the Board as in effect from time to time.
“Reimbursement Obligation”: the obligation of the Borrower to reimburse each
Issuing Lender pursuant to Section 3.05 for amounts drawn under Letters of
Credit issued by such Issuing Lender.
“Reinvestment Deferred Amount”: with respect to any Reinvestment Event, the
aggregate Net Cash Proceeds received by the Company or any of its Subsidiaries
in connection therewith that are not applied to prepay the Term Loans pursuant
to Section 2.10(b) as a result of the delivery of a Reinvestment Notice.
“Reinvestment Event”: any Asset Sale or Recovery Event in respect of which the
Company has delivered a Reinvestment Notice.
“Reinvestment Notice”: a written notice executed by a Responsible Officer
stating that no Default or Event of Default has occurred and is continuing and
that the Company (directly or indirectly through a Subsidiary) intends and
expects to use all or a specified portion of the Net Cash Proceeds of an Asset
Sale or Recovery Event to acquire or repair assets useful in, or otherwise
reinvest in, its business.
“Reinvestment Prepayment Amount”: with respect to any Reinvestment Event, the
Reinvestment Deferred Amount relating thereto less any amount expended prior to
the relevant

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Reinvestment Prepayment Date to acquire or repair assets useful in, or otherwise
reinvest in, the Company’s business.
“Reinvestment Prepayment Date”: with respect to any Reinvestment Event, the
earlier of (a) the date occurring one year after such Reinvestment Event and (b)
the date on which the Company shall have determined not to acquire or repair
assets useful in, or otherwise reinvest in, the Company’s business with all or
any portion of the relevant Reinvestment Deferred Amount.
“Related Fund”: with respect to any Lender, any fund that (x) invests in
commercial loans and similar extensions of credit and (y) is managed or advised
by the same investment advisor as such Lender, by such Lender or an Affiliate of
such Lender or such investment advisor.
“Related Parties”: with respect to any specified Person, such Person’s
Affiliates and the respective directors, trustees, officers, employees, agents
and advisors of such Person and such Person’s Affiliates.
“Reorganization”: with respect to any Multiemployer Plan, the condition that
such plan is in reorganization within the meaning of Section 4241 of ERISA.
“Reportable Event”: any of the events set forth in Section 4043(c) of ERISA,
other than those events as to which the thirty day notice period is waived.
“Repricing Transaction”: (a) the prepayment, refinancing, substitution or
replacement of all or a portion of the Term Loans with the proceeds of a
substantially concurrent incurrence by the Company or any controlled Affiliate
thereof of any Indebtedness having an Effective Yield that is less than the
Effective Yield of such Term Loans and (b) any repricing of the Term Loans
pursuant to an amendment hereto resulting in the Effective Yield payable thereon
on the date of such amendment being lower than the Effective Yield with respect
to the Term Loans immediately prior to the date of such amendment.
“Required Lenders”: at any time, the holders of more than 50% of the sum of (a)
the aggregate unpaid principal amount of the Term Loans then outstanding and (b)
the Total Revolving Credit Commitments then in effect or, if the Revolving
Credit Commitments have been terminated, the Total Revolving Extensions of
Credit then outstanding; provided further that “Required Lenders” shall exclude
the Term Loan Lenders (in their capacities as such) and shall be determined
without giving effect to outstanding Term Loans, in each case solely in
connection with any amendment, waiver, consent or approval with respect to (i)
Section 5.02 for extensions of credit under the Revolving Credit Facility, (ii)
the Financial Covenant or any Financial Covenant Default, (iii) any extension of
the maturity date for the Revolving Credit Facility, (iv) the termination of the
Revolving Credit Commitments, any acceleration of Revolving Credit Loans and any
requirement to Cash Collateralize the L/C Obligations, (v) interest rates or
fees payable in connection with the Revolving Credit Facility, (vi) any
provision of Article 2 relating to payments required to be made (including any
Cash Collateral required to be provided) by the Company or any of its
Subsidiaries solely with respect to the Revolving Credit Facility and (vii) any
provision requiring that any payments be made or shared on a pro

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rata basis solely between or among Revolving Credit Lenders. The outstanding
Term Loans and Revolving Credit Commitments of any Defaulting Lender shall be
disregarded in determining the Required Lenders at any time.
“Required Prepayment Lenders”: (a) while any Term Loans are outstanding, the
Majority Facility Lenders in respect of the Term Loan Facility and (b)
thereafter, the Majority Revolving Credit Facility Lenders.
“Requirement of Law”: as to any Person, the Certificate of Incorporation and
By-Laws or other organizational or governing documents of such Person, and any
law, treaty, rule or regulation or determination of an arbitrator or a court or
other Governmental Authority, in each case applicable to or binding upon such
Person or any of its Property or to which such Person or any of its Property is
subject.
“Responsible Officer”: the chief executive officer, president, chief financial
officer, treasurer, vice president of corporate finance, general counsel or
chief legal officer of the Company, but in any event, with respect to financial
matters, the chief financial officer, treasurer or vice president of corporate
finance of the Company.
“Restricted Payments”: as defined in Section 7.06.
“Revolving Credit Commitment”: as to any Lender, the obligation of such Lender,
if any, to make Revolving Credit Loans and participate in Letters of Credit, in
an aggregate principal and/or face amount not to exceed the amount set forth
under the heading “Revolving Credit Commitment” opposite such Lender’s name on
Annex A, or, as the case may be, in the Assignment and Acceptance pursuant to
which such Lender became a party hereto, as the same may be changed from time to
time pursuant to the terms hereof. The aggregate amount of the Revolving Credit
Commitments as of the Amendment Effective Date is $200,000,000.
“Revolving Credit Commitment Increase”: as defined in Section 2.22(a).
“Revolving Credit Commitment Increase Lender”: as defined in Section 2.22(f).
“Revolving Credit Commitment Period”: the period from and including the
Amendment Effective Date to the earlier of (x) the Revolving Credit Termination
Date and (y) the termination of the Revolving Credit Commitments in accordance
with the terms hereof.
“Revolving Credit Facility”: as defined in the definition of “Facility” in this
Section 1.01.
“Revolving Credit Lender”: each Lender that has a Revolving Credit Commitment or
that is the holder of Revolving Credit Loans.
“Revolving Credit Loans”: as defined in Section 2.04(a).
“Revolving Credit Note”: as defined in Section 2.06(e).

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“Revolving Credit Percentage”: as to any Revolving Credit Lender at any time,
the percentage which such Lender’s Revolving Credit Commitment then constitutes
of the Total Revolving Credit Commitments (or, at any time after the Revolving
Credit Commitments shall have expired or terminated, the percentage which the
aggregate amount of such Lender’s Revolving Extensions of Credit then
outstanding constitutes of the Total Revolving Extensions of Credit then
outstanding).
“Revolving Credit Termination Date”: the fifth anniversary of the Amendment
Effective Date; provided that if such day is not a Business Day, the Revolving
Credit Termination Date shall be the immediately preceding Business Day.
“Revolving Extensions of Credit”: as to any Revolving Credit Lender at any time,
an amount equal to the sum of (a) the aggregate principal amount of all
Revolving Credit Loans made by such Lender then outstanding, and (b) such
Lender’s Revolving Credit Percentage of the L/C Obligations then outstanding.
“S&P”: Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill
Companies, Inc., and any successor thereto.
“SEC”: the Securities and Exchange Commission (or successors thereto or an
analogous Governmental Authority).
“Secured Parties”: as defined in the Guarantee and Collateral Agreement.
“Security Documents”: the collective reference to the Guarantee and Collateral
Agreement, the Mortgages (if applicable), intellectual property security
agreements and all other guarantee agreements, instruments and other documents
delivered to the Administrative Agent or the Collateral Agent guaranteeing the
obligations and liabilities of the Loan Parties under the Loan Documents or
granting a Lien on any Property of any Person to secure the obligations and
liabilities of any Loan Party under any Loan Document.
“Significant Subsidiary”: any Subsidiary that would be a “significant
subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X.
“Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but which
is not a Multiemployer Plan.
“Solvent”: with respect to any Person, as of any date of determination, (a) the
amount of the “present fair saleable value” of the assets of such Person will,
as of such date, exceed the amount of all “liabilities of such Person,
contingent or otherwise”, as of such date, as such quoted terms are determined
in accordance with applicable federal and state laws governing determinations of
the insolvency of debtors, (b) the present fair saleable value of the assets of
such Person will, as of such date, be greater than the amount that will be
required to pay the liability of such Person on its debts as such debts become
absolute and matured, (c) such Person will not have, as of such date, an
unreasonably small amount of capital with which to conduct its business, and (d)
such Person will be able to pay its debts as they mature. For purposes of this

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definition, (i) “debt” means liability on a “claim”, and (ii) “claim” means any
(x) right to payment, whether or not such a right is reduced to judgment,
liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed,
undisputed, legal, equitable, secured or unsecured or (y) right to an equitable
remedy for breach of performance if such breach gives rise to a right to
payment, whether or not such right to an equitable remedy is reduced to
judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured
or unsecured.
“Specified Cash Management Agreement”: any Cash Management Agreement entered
into by any Loan Party and any Cash Management Bank that is designated in
writing by the Company and such Cash Management Bank to the Administrative Agent
and the Collateral Agent as a “Specified Cash Management Agreement”.
“Specified Hedge Agreement”: any Hedge Agreement entered into by the Company or
any Subsidiary Guarantor and any Qualified Counterparty.
“SPC”: as defined in Section 10.06(i).
“Statutory Reserves”: a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the
aggregate of the maximum reserve percentages (including any marginal, special,
emergency or supplemental reserves) expressed as a decimal established by the
Board and any other banking authority, domestic or foreign, to which the
Administrative Agent or any Lender (including any branch, Affiliate or other
fronting office making or holding a Loan) is subject for Eurocurrency
Liabilities (as defined in Regulation D of the Board). Eurodollar Loans shall be
deemed to constitute Eurocurrency Liabilities (as defined in Regulation D of the
Board) and to be subject to such reserve requirements without benefit of or
credit for proration, exemptions or offsets that may be available from time to
time to any Lender under such Regulation D. Statutory Reserves shall be adjusted
automatically on and as of the effective date of any change in any reserve
percentage.
“Subsidiary”: as to any Person, a corporation, partnership, limited liability
company or other entity of which shares of stock or other ownership interests
having ordinary voting power (other than stock or such other ownership interests
having such power only by reason of the happening of a contingency) to elect a
majority of the board of directors or other managers of such corporation,
partnership or other entity are at the time owned, or the management of which is
otherwise controlled, directly or indirectly through one or more intermediaries,
or both, by such Person. Unless otherwise qualified, all references to a
“Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary
or Subsidiaries of the Company.
“Subsidiary Borrower”: any Subsidiary Guarantor that becomes a Borrower in
accordance with Section 2.23.
“Subsidiary Borrower Request and Assumption Agreement”: as defined in Section
2.23.

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“Subsidiary Guarantor”: each Domestic Subsidiary of the Company that is a party
to the Guarantee and Collateral Agreement from time to time and each Foreign
Subsidiary Guarantor.
“Swap Obligation”: with respect to any Subsidiary Guarantor, any obligation to
pay or perform under any agreement, contract or transaction that constitutes a
“swap” within the meaning of section 1a(47) of the Commodity Exchange Act.
“Term Loan”: as defined in Section 2.01.
“Term Loan Commitment”: as to any Lender, the obligation of such Lender, if any,
to make a Term Loan to the Company hereunder in a principal amount not to exceed
the amount set forth under the heading “Term Loan Commitment” opposite such
Lender’s name on Annex A, or, as the case may be, in the Assignment and
Acceptance pursuant to which such Lender became a party hereto, as the same may
be changed from time to time pursuant to the terms hereof. The aggregate amount
of the Term Loan Commitments as of the Amendment Effective Date is $650,000,000.
“Term Loan Facility”: as defined in the definition of “Facility” in this Section
1.01.
“Term Loan Lender”: each Lender that has a Term Loan Commitment or is the holder
of a Term Loan.
“Term Loan Maturity Date”: the day that is six years and six months after the
Amendment Effective Date; provided that if such day is not a Business Day, the
Term Loan Maturity Date shall be the immediately preceding Business Day.
“Term Loan Percentage”: as to any Term Loan Lender at any time, the percentage
which such Lender’s Term Loan Commitment then constitutes of the aggregate Term
Loan Commitments (or, at any time after the Amendment Effective Date, the
percentage which the aggregate principal amount of such Lender’s Term Loan then
outstanding constitutes of the aggregate principal amount of the Term Loans then
outstanding).
“Term Note”: as defined in Section 2.06(e).
“Test Period”: for any determination under this Agreement, the most recent
period of four consecutive fiscal quarters of the Company ended on or prior to
such date of determination (taken as one accounting period).
“Threshold Amount”: the amount set forth in Schedule 1.01C.
“Total Revolving Credit Commitments”: at any time, the aggregate amount of the
Revolving Credit Commitments then in effect.
“Total Revolving Extensions of Credit”: at any time, the aggregate amount of the
Revolving Extensions of Credit of the Revolving Credit Lenders outstanding at
such time.

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“Transferee”: as defined in Section 10.15.
“Type”: as to any Loan, its nature as a Base Rate Loan or a Eurodollar Loan.
“Uniform Customs”: as defined in Section 10.11.
“USA PATRIOT Act”: The Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001
(Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)).
Section 1.02. Other Definitional Provisions. (a) Unless otherwise specified
therein, all terms defined in this Agreement shall have the defined meanings
when used in the other Loan Documents or any certificate or other document made
or delivered pursuant hereto or thereto.
(a)        As used herein and in the other Loan Documents, and any certificate
or other document made or delivered pursuant hereto or thereto, (i) accounting
terms relating to the Company and its Subsidiaries not defined in Section 1.01
and accounting terms partly defined in Section 1.01, to the extent not defined,
shall have the respective meanings given to them under GAAP and (ii) references
to fiscal year or fiscal quarter are, unless otherwise indicated, references to
the fiscal year or fiscal quarter of the Company (the Company’s fiscal year ends
January 31).
(b)        The words “hereof”, “herein” and “hereunder” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and
not to any particular provision of this Agreement, and Section, Schedule and
Exhibit references are to this Agreement unless otherwise specified.
(c)        The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms.
(d)        All calculations of financial ratios set forth in Section 7.01 shall
be calculated to the same number of decimal places as the relevant ratios are
expressed in and shall be rounded upward if the number in the decimal place
immediately following the last calculated decimal place is five or greater. For
example, if the relevant ratio is to be calculated to the hundredth decimal
place and the calculation of the ratio is 5.126, the ratio will be rounded up to
5.13.
Section 1.03. Accounting Changes. If any “Accounting Change” shall occur and
such change results in a change in the method of calculation of financial
covenants, standards or terms in this Agreement, then the Company and the
Administrative Agent agree to enter into negotiations in order to amend such
provisions of this Agreement so as to equitably reflect such Accounting Change
with the desired result that the criteria for evaluating the Company’s financial
condition shall be the same after such Accounting Change as if such Accounting
Change had not been made. Until such time as such an amendment shall have been
executed and delivered by the Company, the Administrative Agent and the Required
Lenders, all financial covenants, standards and terms in this Agreement shall
continue to be calculated or construed as if such Accounting Change had not
occurred. “Accounting Change” refers to any change in accounting principles
required by the promulgation of any rule, regulation, pronouncement or

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opinion by the Financial Accounting Standards Board of the American Institute of
Certified Public Accountants or, if applicable, the SEC.

ARTICLE 2
AMOUNT AND TERMS OF COMMITMENTS
Section 2.01. Term Loan Commitments. Subject to the terms and conditions hereof,
the Term Loan Lenders severally agree to make term loans (each, a “Term Loan”)
to the Company on the Amendment Effective Date in an amount for each Term Loan
Lender not to exceed the amount of the Term Loan Commitment of such Lender. The
Term Loans may from time to time be Eurodollar Loans or Base Rate Loans, as
determined by the Company and notified to the Administrative Agent in accordance
with Sections 2.02 and 2.11.
Section 2.02. Procedure for Term Loan Borrowing. The Company shall deliver to
the Administrative Agent a Borrowing Notice (which Borrowing Notice must be
received by the Administrative Agent prior to 11:00 a.m., New York City time,
one Business Day prior to the anticipated Amendment Effective Date (which shall
be a Business Day)) requesting that the Term Loan Lenders make the Term Loans on
the Amendment Effective Date. Upon receipt of such Borrowing Notice the
Administrative Agent shall promptly notify each Term Loan Lender thereof. Not
later than 12:00 Noon, New York City time, on the Amendment Effective Date each
Term Loan Lender shall make available to the Administrative Agent at the Funding
Office an amount in immediately available funds equal to the Term Loan or Term
Loans to be made by such Lender. The aggregate of the amounts made available to
the Administrative Agent by the Term Loan Lenders will then be made available to
the Company by the Administrative Agent in like funds as received by the
Administrative Agent.
Section 2.03. Repayment of Term Loans. The Company shall pay to the
Administrative Agent, for the account of the Term Loan Lenders, on each Payment
Date commencing with the Payment Date occurring on May 1, 2013, a principal
amount of Term Loans equal to 0.25% of the aggregate principal amount of Term
Loans made on the Amendment Effective Date, as such amount may be reduced
pursuant to Sections 2.09(b) and 2.10(g). To the extent not previously paid, all
Term Loans shall be due and payable on the Term Loan Maturity Date. All
repayments made pursuant to this Section 2.03 shall be accompanied by accrued
interest on the amount repaid and shall be subject to Section 2.19.
Section 2.04. Revolving Credit Commitments. (a) Subject to the terms and
conditions hereof, the Revolving Credit Lenders severally agree to make
revolving credit loans (“Revolving Credit Loans”) to the Borrowers from time to
time during the Revolving Credit Commitment Period in an aggregate principal
amount at any one time outstanding for each Revolving Credit Lender which, when
added to such Lender’s Revolving Credit Percentage of the L/C Obligations then
outstanding, does not exceed the amount of such Lender’s Revolving Credit
Commitment. During the Revolving Credit Commitment Period any Borrower may use
the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit
Loans in whole or in part, and

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reborrowing, all in accordance with the terms and conditions hereof. The
Revolving Credit Loans may from time to time be Eurodollar Loans or Base Rate
Loans, as determined by the Borrower and notified to the Administrative Agent in
accordance with Sections 2.05 and 2.11, provided that no Revolving Credit Loan
shall be made as a Eurodollar Loan after the day that is one month prior to the
Revolving Credit Termination Date.
(b)        The Borrowers shall repay all outstanding Revolving Credit Loans on
the Revolving Credit Termination Date.
Section 2.05. Procedure for Revolving Credit Borrowing. The Borrower may borrow
under the Revolving Credit Commitments on any Business Day during the Revolving
Credit Commitment Period, provided that (i) the Borrower shall deliver to the
Administrative Agent an irrevocable written Borrowing Notice (which Borrowing
Notice must be received by the Administrative Agent prior to 12:00 Noon, New
York City time, three Business Days prior to the requested Borrowing Date, in
the case of Eurodollar Loans, or (ii) the Borrower shall give the Administrative
Agent an irrevocable telephonic notice confirmed promptly in writing (which
telephonic notice must be received by the Administrative Agent not later than
12:00 Noon, New York City time, on the proposed Borrowing Date), specifying (1)
the amount to be borrowed, (2) the requested Borrowing Date, which shall be the
date of such telephonic notice and (3) that such Borrowing shall be a Base Rate
Loan, in the case of Base Rate Loans. Each borrowing of Revolving Credit Loans
under the Revolving Credit Commitments shall be in an amount equal to (x) in the
case of Base Rate Loans, $1,000,000 or a whole multiple of $500,000 in excess
thereof (or, if the then aggregate Available Revolving Credit Commitments are
less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar
Loans, $1,000,000 or a whole multiple of $500,000 in excess thereof. Upon
receipt of any such Borrowing Notice or telephonic notice from the Borrower, the
Administrative Agent shall promptly notify each Revolving Credit Lender thereof.
Each Revolving Credit Lender will make its Revolving Credit Percentage of the
amount of each borrowing of Revolving Credit Loans available to the
Administrative Agent for the account of the Borrower at the Funding Office prior
to (x) 12:00 Noon, New York City time, on the Borrowing Date requested by the
Borrower in the case of Eurodollar Loans, or (y) 4:00 P.M., New York City time,
on the date of such telephonic notice in the case of a Base Rate Loan, in either
case in funds immediately available to the Administrative Agent. Such borrowing
will then be made available to the Borrower by the Administrative Agent in like
funds as received by the Administrative Agent.
Section 2.06. Repayment of Loans; Evidence of Debt. (a) The Borrowers hereby
unconditionally, and jointly and severally, promise to pay to the Administrative
Agent for the account of the appropriate Revolving Credit Lender or Term Loan
Lender, as the case may be, (i) the then unpaid principal amount of each
Revolving Credit Loan of such Revolving Credit Lender on the Revolving Credit
Termination Date (or on such earlier date on which the Loans become due and
payable pursuant to Article 8) and (ii) the principal amount of each Term Loan
of such Term Loan Lender made to such Borrower in installments according to the
amortization schedule set forth in Section 2.03 (or on such earlier date on
which the Loans become due and payable pursuant to Article 8). The Borrowers
hereby further agree to pay interest on the unpaid principal amount of the Loans
from time to time outstanding from the Amendment Effective Date until payment in
full thereof at the rates per annum, and on the dates, set forth in Section

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2.13.
(b)        Each Lender shall maintain in accordance with its usual practice an
account or accounts evidencing indebtedness of each Borrower to such Lender
resulting from each Loan of such Lender made to such Borrower from time to time,
including the amounts of principal and interest payable and paid to such Lender
from time to time under this Agreement.
(c)        The Administrative Agent shall maintain accounts in which it will
record (i) the amount of each Loan made hereunder and any Note evidencing such
Loan, the Type of such Loan and each Interest Period applicable thereto, (ii)
the amount of any principal or interest due and payable or to become due and
payable from the Borrowers to each Lender hereunder and (iii) both the amount of
any sum received by the Administrative Agent hereunder from any Borrower and
each Lender’s share thereof.
(d)        The entries made in the accounts maintained pursuant to Section
2.06(c) above shall, to the extent permitted by applicable law, be prima facie
evidence of the existence and amounts of the obligations of each Borrower
therein recorded; provided, however, that the failure of any Lender or the
Administrative Agent to maintain such accounts, or any error therein, shall not
in any manner affect the obligation of any Borrower to repay (with applicable
interest) the Loans made to such Borrower by such Lender in accordance with the
terms of this Agreement.
(e)        Each Borrower agrees that, upon the request to the Administrative
Agent by any Lender, such Borrower will promptly execute and deliver to such
Lender a promissory note of such Borrower evidencing any Term Loans or Revolving
Credit Loans, as the case may be, of such Lender, substantially in the forms of
Exhibit F-1 or F-2, respectively (a “Term Note” or “Revolving Credit Note”,
respectively), with appropriate insertions as to date and principal amount (and,
in the case of a Foreign Borrower, with such changes as the Administrative Agent
reasonably determines are necessary or appropriate).
Section 2.07. Fees. (a)The Company agrees to pay to the Administrative Agent for
the account of each Revolving Credit Lender a commitment fee for the period from
and including the Amendment Effective Date to the last day of the Revolving
Credit Commitment Period, computed at the Commitment Fee Rate on the average
daily amount of the Available Revolving Credit Commitment of such Lender during
the period for which payment is made, payable quarterly in arrears on each
Payment Date and on the Revolving Credit Termination Date.
(b)        The Company agrees to pay to the Administrative Agent for the account
of each Term Loan Lender on the Amendment Effective Date an upfront fee equal to
0.50% of such Term Loan Lender’s Term Loan Commitment on such date.
(c)        The Company agrees to pay to the Administrative Agent for the account
of each Revolving Credit Lender on the Amendment Effective Date an upfront fee
equal to 0.50% of such Revolving Credit Lender’s Revolving Credit Commitment on
such date.
(d)        If, on or prior to the first anniversary of the Amendment Effective
Date, the Company effects a Repricing Transaction, the Company shall pay to the
Administrative Agent,

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for the ratable account of each of the applicable Term Loan Lenders, (I) in the
case of a Repricing Transaction described in clause (a) of the definition
thereof, a prepayment premium of 1.00% of the aggregate principal amount of the
Term Loans so prepaid, refinanced, substituted or replaced and (II) in the case
of a Repricing Transaction described in clause (b) of the definition thereof, a
fee equal to 1.00% of the aggregate principal amount of the applicable Term
Loans outstanding immediately prior to such amendment. Such amounts shall be due
and payable on the date of effectiveness of such Repricing Transaction.
(e)        The Company agrees to pay to the Agents, for their own respective
accounts, the fees in the amounts and on the dates agreed to in writing by the
Company and the Agents.
Section 2.08. Termination or Reduction of Revolving Credit Commitments. The
Company shall have the right, upon not less than three Business Days’ notice to
the Administrative Agent, to terminate the Revolving Credit Commitments or, from
time to time, to reduce the aggregate amount of the Revolving Credit
Commitments; provided that no such termination or reduction of Revolving Credit
Commitments shall be permitted if, immediately after giving effect thereto and
to any prepayments of the Revolving Credit Loans made on the effective date
thereof, the Total Revolving Extensions of Credit would exceed the Total
Revolving Credit Commitments. Any such reduction shall be in an amount equal to
$1,000,000 or a whole multiple of $500,000 in excess thereof, and shall reduce
permanently the Revolving Credit Commitments then in effect. A notice of
termination of the Revolving Credit Commitments delivered by the Company to the
Administrative Agent may be revoked by the Company by written notice to the
Administrative Agent on or prior to the date specified for the termination of
the Revolving Credit Commitments.
Section 2.09. Optional Prepayments. (a) The Borrowers may at any time and from
time to time prepay the Loans, in whole or in part, without premium or penalty
(except as otherwise provided herein), (x) upon irrevocable notice delivered to
the Administrative Agent (i)no later than 12:00 Noon, New York City time, three
Business Days prior thereto in the case of Eurodollar Loans and (ii) no later
than 12:00 Noon, New York City time, one Business Day prior thereto in the case
of Base Rate Loans that are Term Loans, which notice shall specify the date and
amount of such prepayment, whether such prepayment is of Term Loans or Revolving
Credit Loans, and whether such prepayment is of Eurodollar Loans or Base Rate
Loans, and (y) at any time on any Business Day with no prior notice, in the case
of Revolving Credit Loans that are Base Rate Loans; provided, that if a
Eurodollar Loan is prepaid on any day other than the last day of the Interest
Period applicable thereto, the Borrower shall also pay any amounts owing
pursuant to Section 2.19, provided, further, that a notice of prepayment may
state that such notice is conditioned upon the effectiveness of other credit
facilities, incurrence of other Indebtedness or consummation of another
transaction (such as a Change of Control), in which case such notice may be
revoked by the Company (by written notice to the Administrative Agent on or
prior to the specified effective date) if such condition is not satisfied. Upon
receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof. If any such notice is given, the amount specified in
such notice shall be due and payable on the date specified therein (unless such
notice is revoked as contemplated above), together with (except in the case of
Revolving Credit Loans that are Base Rate Loans) accrued interest to such date
on the amount prepaid. Partial prepayments of Term Loans and Revolving Credit
Loans shall be in an

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aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in
excess thereof.
(b)        Each prepayment of Term Loans pursuant to this Section 2.09 shall be
applied first, pro rata to the installments of Term Loans which are scheduled to
mature in the 24-month period immediately following such prepayment and second,
to remaining installments of Term Loans pro rata according to the outstanding
principal amounts thereof.
Section 2.10. Mandatory Prepayments. (a) Unless the Required Prepayment Lenders
shall otherwise agree, if any Indebtedness shall be incurred by the Company or
any of its Subsidiaries (excluding any Indebtedness incurred in accordance with
Section 7.02), then not later than the next Business Day following such
incurrence, the Loans shall be prepaid by an amount equal to the amount of the
Net Cash Proceeds of such incurrence.
(b)        Unless the Required Prepayment Lenders shall otherwise agree, if on
any date the Company or any of its Subsidiaries shall receive Net Cash Proceeds
from any Asset Sale or Recovery Event then, unless a Reinvestment Notice shall
be delivered in respect thereof, not later than the fifth Business Day following
the receipt by the Company or such Subsidiary of such Net Cash Proceeds, the
Loans shall be prepaid by an amount equal to the amount of such Net Cash
Proceeds; provided that (i) any such prepayment shall only be required with the
aggregate amount of Net Cash Proceeds from any Asset Sale or Recovery Event
received in any fiscal year of the Company in excess of $1,000,000 and (ii)
notwithstanding the foregoing, on each Reinvestment Prepayment Date the Loans
shall be prepaid by an amount equal to the Reinvestment Prepayment Amount (or,
in the case of a Reinvestment Prepayment Date described in clause (b) of the
definition thereof with respect to only a portion of the relevant Reinvestment
Deferred Amount, an amount equal to such portion) with respect to the relevant
Reinvestment Event. The provisions of this Section do not constitute a consent
to the consummation of any Disposition not permitted by Section 7.05.
(c)        Unless the Required Prepayment Lenders shall otherwise agree, if, for
any fiscal year of the Company commencing with the fiscal year ending January
31, 2015, there shall be Excess Cash Flow, then, on the relevant Excess Cash
Flow Application Date, the Loans shall be prepaid by an amount equal to (x) the
ECF Percentage of such Excess Cash Flow minus (y) voluntary payments of Term
Loans under Section 2.09 during such fiscal year but only to the extent that
such prepayments do not (i) occur pursuant to a refinancing of all or any
portion of such Term Loans or (ii) utilize the Available Amount. Each such
prepayment shall be made on a date (an “Excess Cash Flow Application Date”) no
later than five Business Days after the earlier of the date on which the
financial statements of the Company referred to in Section 6.01(a), for the
fiscal year with respect to which such prepayment is made, (i) are required to
be delivered to the Lenders and (ii) are actually delivered.
(d)        In the event of any termination of all the Revolving Credit
Commitments, each Borrower shall, on the date of such termination, repay or
prepay all its outstanding Revolving Credit Loans and replace or cause to be
canceled (or make other arrangements satisfactory to the Administrative Agent
and each Issuing Lender with respect to) all outstanding Letters of Credit
issued by such Issuing Lender. If, after giving effect to any partial reduction
of the Revolving Credit Commitments or at any other time, the Total Revolving
Extensions of Credit would

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exceed the Total Revolving Credit Commitment, then the Borrowers shall, on the
date of such reduction or at such other time, repay or prepay Revolving Credit
Loans and, after the Revolving Credit Loans shall have been repaid or prepaid in
full, replace or cause to be canceled (or make other arrangements satisfactory
to the Administrative Agent and each Issuing Lender with respect to) Letters of
Credit issued by such Issuing Lender in an amount sufficient to eliminate such
excess.
(e)        Notwithstanding any other provisions of this Section 2.10, (A) to the
extent that any or all of the Net Cash Proceeds of any Asset Sale by a Foreign
Subsidiary or Excess Cash Flow estimated in good faith by the Company to be
attributable to Foreign Subsidiaries are prohibited or delayed by applicable
local law (including financial assistance, corporate benefit restrictions on
upstreaming of cash intra group and the fiduciary duties of directors and
managers of Foreign Subsidiaries) from being repatriated to the United States or
passed on to or used for the benefit of the Company, the portion of such Net
Cash Proceeds or Excess Cash Flow so affected will not be required to be applied
to repay Loans at the times provided in this Section 2.10 but may be retained by
the applicable Foreign Subsidiary so long, but only so long, as applicable local
law delays or will not permit repatriation thereof to the United States (the
Company hereby agreeing to cause the applicable Foreign Subsidiary to use
commercially reasonable efforts in compliance with applicable law to effect such
repatriation), and once such repatriation to the United States of any of such
affected Net Cash Proceeds or Excess Cash Flow is permitted under applicable
local law, such repatriation to the United States will be promptly effected and
such repatriated Net Cash Proceeds or Excess Cash Flow will be promptly (and in
any event not later than two Business Days after such repatriation) applied (net
of additional taxes payable or reserved against as a result thereof) to the
repayment of the Loans to the extent otherwise required under this Section 2.10
and (B) to the extent that the Company has determined in good faith that
repatriation to the United States of any of or all the Net Cash Proceeds of any
Disposition by a Foreign Subsidiary or Excess Cash Flow estimated in good faith
by the Company to be attributable to Foreign Subsidiaries or passing on to or
use thereof for the benefit of the Company would cause significant adverse tax
consequences to the Company or any of its Subsidiaries, such Net Cash Proceeds
or Excess Cash Flow so affected may be retained by the applicable Foreign
Subsidiary; provided that, in the case of this clause (B), on or before the date
180 days from the date on which any such Net Cash Proceeds so retained would
otherwise have been required to be applied to prepayments to the extent
otherwise required under Section 2.10(b) or any such Excess Cash Flow would have
been required to be applied to prepayments pursuant to Section 2.10(c), the
Company applies an amount equal to such Net Cash Proceeds or Excess Cash Flow to
such prepayments as if such Net Cash Proceeds or Excess Cash Flow had been
received by or was attributable to the Company rather than such Foreign
Subsidiary, less the amount of additional taxes that would have been payable or
reserved against if such Net Cash Proceeds or Excess Cash Flow had been
repatriated to the United States (or, if less, the Net Cash Proceeds or Excess
Cash Flow that would be calculated if received by such Foreign Subsidiary). For
the avoidance of doubt, but without limiting the Company’s obligations under
this Section 2.10, in no circumstance shall this Section 2.10 require any
Foreign Subsidiary to make any dividend of or otherwise repatriate for the
benefit of the Company any portion of any Net Cash Proceeds received by such
Foreign Subsidiary or Excess Cash Flow attributable to any such Foreign
Subsidiary.

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(f)        All prepayments made pursuant to this Section 2.10 shall be subject
to Section 2.19, but shall otherwise be without premium or penalty, and shall be
accompanied by accrued interest on the principal amount to be repaid to but
excluding the date of payment.
(g)        Each prepayment of Loans pursuant to this Section 2.10 shall be
applied first, pro rata to the installments of Term Loans which are scheduled to
mature in the 24-month period immediately following such prepayment, second, to
remaining installments of Term Loans pro rata according to the outstanding
principal amounts thereof, third, if no Term Loans are outstanding, to prepay
outstanding Revolving Credit Loans to the full extent thereof, and fourth, if no
Term Loans or Revolving Credit Loans are outstanding, to cash collateralize any
outstanding Letters of Credit (up to an aggregate amount equal to the aggregate
undrawn face amount of all such Letters of Credit) (it being understood that any
such repayment or cash collateralization shall not permanently reduce Revolving
Credit Commitments).
(h)        The Company shall deliver to the Administrative Agent, at the time of
each prepayment required under this Section 2.10, (1) a certificate signed by a
Responsible Officer setting forth in reasonable detail the calculation of the
amount of such prepayment and (2) at least one Business Day prior written notice
of such prepayment. Each notice of prepayment shall specify the prepayment date,
the Type of each Loan being prepaid and the principal amount of each Loan (or
portion thereof) to be prepaid.
Section 2.11. Conversion and Continuation Options. (a) The Borrower may elect
from time to time to convert Eurodollar Loans to Base Rate Loans by giving the
Administrative Agent at least one Business Day prior irrevocable notice of such
election not later than 12:00 Noon, New York City time, provided that any such
conversion of Eurodollar Loans may be made only on the last day of an Interest
Period with respect thereto. The Borrower may elect from time to time to convert
Base Rate Loans to Eurodollar Loans by giving the Administrative Agent at least
three Business Days’ prior irrevocable notice of such election not later than
12:00 Noon, New York City time (which notice shall specify the length of the
initial Interest Period therefor), provided that no Base Rate Loan under a
particular Facility may be converted into a Eurodollar Loan (i) when any Event
of Default has occurred and is continuing and the Administrative Agent has, or
the Majority Facility Lenders in respect of such Facility have, determined in
its or their sole discretion not to permit such conversions or (ii) after the
date that is one month prior to the final scheduled termination or maturity date
of such Facility. Upon receipt of any such notice the Administrative Agent shall
promptly notify each relevant Lender thereof.
(b)        The Borrower may elect to continue any Eurodollar Loan as such upon
the expiration of the then current Interest Period with respect thereto by
giving irrevocable notice to the Administrative Agent, in accordance with the
applicable provisions of the term “Interest Period” set forth in Section 1.01,
of the length of the next Interest Period to be applicable to such Loan,
provided, that if the Borrower shall fail to give any such required notice as
described above, or notify the Administrative Agent of an intent to convert any
such Eurodollar Loan to a Base Rate Loan, at least three Business Days prior to
the expiration of the then current Interest Period, at the end of such Interest
Period, such Loan shall be continued automatically as a Eurodollar Loan with a
three-month Interest Period (unless the then final scheduled termination or
maturity date for the relevant Facility would be prior to the end of such
three-month Interest

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Period or such continuation is not permitted pursuant to the following proviso,
in which case such Loan shall, absent the consent of the Administrative Agent to
the contrary (which may be given or withheld in its sole discretion) then be
converted automatically to a Base Rate Loan); and provided, further, that no
Eurodollar Loan under a particular Facility may be continued as such (i) when
any Event of Default has occurred and is continuing and the Administrative Agent
has, or the Majority Facility Lenders in respect of such Facility have,
determined in its or their sole discretion not to permit such continuations or
(ii) after the date that is one month prior to the final scheduled termination
or maturity date of such Facility. Upon receipt of any such notice the
Administrative Agent shall promptly notify each relevant Lender thereof.
Section 2.12. Minimum Amounts and Maximum Number of Eurodollar Tranches.
Notwithstanding anything to the contrary in this Agreement, all borrowings,
conversions, continuations and optional prepayments of Eurodollar Loans and all
selections of Interest Periods shall be in such amounts and be made pursuant to
such elections so that, (a) after giving effect thereto, the aggregate principal
amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal
to $1,000,000 or a whole multiple of $500,000 in excess thereof and (b) no more
than ten Eurodollar Tranches shall be outstanding at any one time.
Section 2.13. Interest Rates and Payment Dates. (a) Subject to Section 2.13(c),
each Eurodollar Loan shall bear interest for each day during each Interest
Period with respect thereto at a rate per annum equal to the Adjusted LIBO Rate
determined for such day plus the Applicable Margin in effect for such day.
(b)        Subject to Section 2.13(c), each Base Rate Loan shall bear interest
for each day on which it is outstanding at a rate per annum equal to the Base
Rate in effect for such day plus the Applicable Margin in effect for such day.
(c)        (i) If all or a portion of the principal amount of any Loan or
Reimbursement Obligation shall not be paid when due (whether at the stated
maturity, by acceleration or otherwise), all outstanding Loans and Reimbursement
Obligations (whether or not overdue) (to the extent legally permitted) shall
bear interest at a rate per annum that is equal to (x) in the case of the Loans,
the rate that would otherwise be applicable thereto pursuant to the foregoing
provisions of this Section 2.13 plus 2% or (y) in the case of Reimbursement
Obligations, the rate applicable to Base Rate Loans under the Revolving Credit
Facility plus 2%, and (ii) if all or a portion of any interest payable on any
Loan or Reimbursement Obligation or any commitment fee or other amount payable
hereunder or under any other Loan Document shall not be paid when due (whether
at the stated maturity, by acceleration or otherwise), such overdue amount shall
bear interest at a rate per annum equal to the rate then applicable to Base Rate
Loans under the relevant Facility plus 2% (or, in the case of any such other
amounts that do not relate to a particular Facility, the rate then applicable to
Base Rate Loans under the Revolving Credit Facility plus 2%), in each case, with
respect to clauses (i) and (ii) above, from the date of such nonpayment until
such amount is paid in full (after as well as before judgment).
(d)        Interest shall be payable in arrears on each Interest Payment Date,
provided that interest accruing pursuant to paragraph (c) of this Section 2.13
shall be payable from time to time on demand.

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Section 2.14. Computation of Interest and Fees. (a) Interest, fees and
commissions payable pursuant hereto shall be calculated on the basis of a
360-day year for the actual days elapsed, except that, with respect to Base Rate
Loans on which interest is calculated on the basis of the Prime Rate, the
interest thereon shall be calculated on the basis of a 365 (or 366, as the case
may be) day year for the actual days elapsed. The Administrative Agent shall as
soon as practicable notify the Company and the relevant Lenders of each
determination of an Adjusted LIBO Rate. Any change in the interest rate on a
Loan resulting from a change in the Base Rate or the Statutory Reserves shall
become effective as of the opening of business on the day on which such change
becomes effective. The Administrative Agent shall as soon as practicable notify
the Company and the relevant Lenders of the effective date and the amount of
each such change in interest rate.
(b)        Each determination of an interest rate by the Administrative Agent
pursuant to any provision of this Agreement shall be conclusive and binding on
the Borrowers and the Lenders in the absence of manifest error. The
Administrative Agent shall, at the request of the Company, deliver to the
Company a statement showing the quotations used by the Administrative Agent in
determining any interest rate pursuant to Section 2.13(a).
Section 2.15. Inability To Determine Interest Rate. If prior to the first day of
any Interest Period:
(a)        the Administrative Agent shall have determined (which determination
shall be conclusive and binding upon each Borrower absent manifest error) either
that Dollar deposits in the principal amounts of the Loans comprising the
applicable borrowing are not generally available in the London interbank market
or that, by reason of circumstances affecting the relevant market, adequate and
reasonable means do not exist for ascertaining the Adjusted LIBO Rate for such
Interest Period, or
(b)        the Administrative Agent shall have received notice from the Majority
Facility Lenders in respect of the relevant Facility that the Adjusted LIBO Rate
determined or to be determined for such Interest Period will not adequately and
fairly reflect the cost to such Lenders (as conclusively certified by such
Lenders) of making or maintaining their affected Loans during such Interest
Period,
the Administrative Agent shall give telecopy or telephonic notice thereof to the
Company and the relevant Lenders as soon as practicable thereafter. If such
notice is given (x) any Eurodollar Loans under the relevant Facility requested
to be made on the first day of such Interest Period shall be made as Base Rate
Loans, (y) any Loans under the relevant Facility that were to have been
converted on the first day of such Interest Period to Eurodollar Loans shall be
continued as Base Rate Loans and (z) any outstanding Eurodollar Loans under the
relevant Facility shall be converted, on the last day of the then current
Interest Period with respect thereto, to Base Rate Loans. Until such notice has
been withdrawn by the Administrative Agent (which it agrees to do upon the
circumstances giving rise to the initial notice no longer existing), no further
Eurodollar Loans under the relevant Facility shall be made or continued as such,
nor shall any Borrower have the right to convert Loans under the relevant
Facility to Eurodollar Loans.

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Section 2.16. Pro Rata Treatment and Payments. (a) Each borrowing by any
Borrower from the Lenders hereunder, each payment by any Borrower on account of
any commitment fee or Letter of Credit fee, and any reduction of the Commitments
of the Lenders, shall be made pro rata according to the respective Term Loan
Percentages or Revolving Credit Percentages, as the case may be, of the relevant
Lenders. Each payment of interest in respect of the Loans and each payment in
respect of fees payable hereunder shall be applied to the amounts of such
obligations owing to the Lenders pro rata according to the respective amounts
then due and owing to the Lenders.
(b)        Each payment on account of principal of the Term Loans outstanding
under the Term Loan Facility shall be allocated among the Term Loan Lenders
holding such Term Loans pro rata based on the principal amount of such Term
Loans held by such Term Loan Lenders. Amounts paid or prepaid in respect of
Terms Loans may not be reborrowed.
(c)        Each payment (including each prepayment) by any Borrower on account
of principal of the Revolving Credit Loans shall be made pro rata according to
the respective outstanding principal amounts of the Revolving Credit Loans then
held by the Revolving Credit Lenders. Each payment in respect of Reimbursement
Obligations in respect of any Letter of Credit shall be made to the Issuing
Lender that issued such Letter of Credit.
(d)        The application of any payment of Loans under any Facility (including
optional and mandatory prepayments) shall be made first, to Base Rate Loans
under such Facility and second, to Eurodollar Loans under such Facility. Each
payment of the Loans (except in the case of Revolving Credit Loans that are Base
Rate Loans) shall be accompanied by accrued interest to the date of such payment
on the amount paid.
(e)        All payments (including prepayments) to be made by any Borrower
hereunder, whether on account of principal, interest, fees or otherwise, shall
be made without setoff or counterclaim and shall be made prior to 1:00 P.M., New
York City time, on the due date thereof to the Administrative Agent, for the
account of the relevant Lenders, at the Payment Office, in Dollars and in
immediately available funds. Any payment made by any Borrower after 1:00 P.M.,
New York City time, on any Business Day shall be deemed to have been on the next
following Business Day. If any payment hereunder (other than payments on
Eurodollar Loans) becomes due and payable on a day other than a Business Day,
such payment shall be extended to the next succeeding Business Day. If any
payment on a Eurodollar Loan becomes due and payable on a day other than a
Business Day, the maturity thereof shall be extended to the next succeeding
Business Day unless the result of such extension would be to extend such payment
into another calendar month, in which event such payment shall be made on the
immediately preceding Business Day. In the case of any extension of any payment
of principal pursuant to the preceding two sentences, interest thereon shall be
payable at the then applicable rate during such extension.
(f)        Unless the Administrative Agent shall have been notified in writing
by any Lender prior to a borrowing that such Lender will not make the amount
that would constitute its share of such borrowing available to the
Administrative Agent, the Administrative Agent may assume that such Lender is
making such amount available to the Administrative Agent, and the

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Administrative Agent may, in reliance upon such assumption, make available to
the Borrower a corresponding amount. If such amount is not made available to the
Administrative Agent by the required time on the Borrowing Date therefor, such
Lender shall pay to the Administrative Agent, on demand, such amount with
interest thereon at a rate equal to the greater of (i) the Federal Funds
Effective Rate and (ii) a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation, for the period
until such Lender makes such amount immediately available to the Administrative
Agent. A certificate of the Administrative Agent submitted to any Lender with
respect to any amounts owing under this paragraph shall be conclusive in the
absence of manifest error. If such Lender’s share of such borrowing is not made
available to the Administrative Agent by such Lender within three Business Days
after such Borrowing Date, the Administrative Agent shall also be entitled to
recover such amount with interest thereon at the rate per annum applicable to
Base Rate Loans under the relevant Facility, on demand, from the Borrower.
(g)        Unless the Administrative Agent shall have been notified in writing
by any Borrower prior to the date of any payment due to be made by any Borrower
hereunder that such Borrower will not make such payment to the Administrative
Agent, the Administrative Agent may assume that the Borrower is making such
payment, and the Administrative Agent may, but shall not be required to, in
reliance upon such assumption, make available to the Lenders their respective
pro rata shares of a corresponding amount. If such payment is not made to the
Administrative Agent by such Borrower within three Business Days after such due
date, the Administrative Agent shall be entitled to recover, on demand, from
each Lender to which any amount which was made available pursuant to the
preceding sentence, such amount with interest thereon at the rate per annum
equal to the daily average Federal Funds Effective Rate. Nothing herein shall be
deemed to limit the rights of the Administrative Agent or any Lender against any
Borrower.
(h)        This Section 2.16 shall not be construed to apply to any payment made
by any Borrower pursuant to and in accordance with the express provisions of
this Agreement, including differing payments to be made to non-Defaulting
Lenders as opposed to Defaulting Lenders and payments made in connection with an
assignment expressly permitted under Section 10.06. This Section 2.16 shall be
subject to the provisions of Section 2.20 and Section 2.22.
(i)        Upon receipt by the Administrative Agent of payments on behalf of
Lenders, the Administrative Agent shall promptly distribute such payments to the
Lender or Lenders entitled thereto, in like funds as received by the
Administrative Agent.
Section 2.17. Requirements of Law. (a) If any Change in Law:
(i)    shall subject any Lender or Issuing Lender to any tax of any kind
whatsoever with respect to this Agreement, any Letter of Credit, any Application
or any Eurodollar Loan made by it, or change the basis of taxation of payments
to such Lender or such Issuing Lender in respect thereof (except for
Non-Excluded Taxes covered by Section 2.18 and changes in the rate of tax with
respect to Excluded Taxes);

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(ii)     shall impose, modify or hold applicable any reserve, special deposit,
compulsory loan, insurance charge or similar requirement against assets held by,
deposits or other liabilities in or for the account of, advances, loans or other
extensions of credit by, or any other acquisition of funds by, any office of any
Lender that is not otherwise included in the determination of the Adjusted LIBO
Rate hereunder or any Issuing Lender; or
(iii)     shall impose on any Lender, any Issuing Lender or the London interbank
market any other condition, cost or expense affecting this Agreement or
Eurodollar Loans made by such Lender or any Letter of Credit or participation
therein;
and the result of any of the foregoing is to increase the cost to such Lender or
Issuing Lender, by an amount which such Lender or Issuing Lender deems to be
material, of making, converting into, continuing or maintaining Eurodollar Loans
or of maintaining its obligation to make any such Loan or issuing, maintaining
or participating in Letters of Credit (or of maintaining its obligation to
participate in or issue Letters of Credit), or to reduce any amount received or
receivable hereunder in respect thereof (whether principal, interest or any
other amount), then, in any such case, the Company shall promptly pay such
Lender or Issuing Lender, as the case may be, upon its demand, any additional
amounts necessary to compensate such Lender or Issuing Lender, as the case may
be, for such increased cost or reduced amount receivable; provided that the
Borrowers shall not be required to compensate a Lender or an Issuing Lender
pursuant to this paragraph for any amounts incurred more than six months prior
to the date that such Lender or Issuing Lender, as the case may be, notifies the
Company of such Lender’s or Issuing Lender’s, as the case may be, intention to
claim compensation therefor; and provided further that, if the circumstances
giving rise to such claim have a retroactive effect, then such six-month period
shall be extended to include the period of such retroactive effect. If any
Lender or Issuing Lender becomes entitled to claim any additional amounts
pursuant to this Section 2.17, it shall promptly notify the Company (with a copy
to the Administrative Agent) of the event by reason of which it has become so
entitled.
(b)        If any Lender or any Issuing Lender shall have determined that any
Change in Law affecting such Lender or Issuing Lender or any lending office of
such Lender or such Lender’s or Issuing Lender’s holding company, if any,
regarding capital adequacy has or shall have the effect of reducing the rate of
return on such Lender’s or Issuing Lender’s capital or on the capital of such
Lender’s or such Issuing Lender’s holding company, if any, as a consequence of
this Agreement, the Commitments of such Lender or the Loans made by, or
participations in Letters of Credit held by such Lender, or the Letters of
Credit issued by any Issuing Lender to a level below that which such Lender,
such Issuing Lender or such holding company could have achieved but for such
Change in Law (taking into consideration such Lender’s, such Issuing Lender’s or
such holding company’s policies with respect to capital adequacy) by an amount
deemed by such Lender or such Issuing Lender to be material, then from time to
time, after submission by such Lender or such Issuing Lender to the Company
(with a copy to the Administrative Agent) of a written request therefor, the
Company shall pay to such Lender or such Issuing Lender, as the case may be,
such additional amount or amounts as will compensate such Lender, Issuing Lender
or holding company, as the case may be, for such reduction;

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provided that the Company shall not be required to compensate a Lender or an
Issuing Lender pursuant to this paragraph for any amounts incurred more than six
months prior to the date that such Lender or such Issuing Lender notifies the
Company of such Lender’s or such Issuing Lender’s intention to claim
compensation therefor; and provided further that, if the circumstances giving
rise to such claim have a retroactive effect, then such six-month period shall
be extended to include the period of such retroactive effect.
(c)        A certificate as to any additional amounts payable pursuant to this
Section 2.17 submitted by any Lender or any Issuing Lender to the Company (with
a copy to the Administrative Agent) shall be conclusive in the absence of
manifest error. Absent manifest error, the Company shall pay such Lender or such
Issuing Lender the amount shown as due on any such certificate delivered by it
within 15 days after its receipt of the same. The obligations of the Company
pursuant to this Section 2.17 shall survive the termination of this Agreement
and the payment of the Loans and all other amounts payable hereunder.
Section 2.18. Taxes. (a) All payments made by the Borrowers under this Agreement
and each other Loan Document shall be made free and clear of, and without
deduction or withholding for or on account of, any present or future income,
stamp or other taxes, levies, imposts, duties, charges, fees, deductions or
withholdings, now or hereafter imposed, levied, collected, withheld or assessed
by any Governmental Authority, excluding (i) net income taxes, branch profit
taxes and franchise taxes (imposed in lieu of net income taxes) imposed on any
Agent or any Lender as a result of a present or former connection between such
Agent or such Lender and the jurisdiction of the Governmental Authority imposing
such tax or any political subdivision or taxing authority thereof or therein
(other than any such connection arising solely from such Agent’s or such
Lender’s having executed, delivered or performed its obligations or received a
payment under, or enforced, this Agreement or any other Loan Document in such
jurisdiction), (ii) any taxes attributable to such Agent’s or Lender’s failure
or inability to comply with the requirements of paragraph (d), (e) or (g) of
this Section, (iii) any United States withholding taxes imposed on amounts
payable to such Agent or such Lender at the time such Agent or Lender becomes a
party to this Agreement, except to the extent that such Agent’s or Lender’s
assignor (if any) was entitled, at the time of assignment, to receive additional
amounts from any Borrower with respect to such Non-Excluded Taxes pursuant to
this paragraph (a) and (iv) any tax to the extent imposed as a result of such
Agent’s or Lender’s (A) failure or inability to comply with the applicable
requirements of FATCA in such a way to reduce such tax to zero or (B) election
under Section 1471(b)(3) of the Code (collectively, “Excluded Taxes”). If any
such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or
withholdings (“Non-Excluded Taxes”) or any Other Taxes are required to be
withheld from any amounts payable to any Agent or any Lender hereunder, the
amounts so payable to such Agent or such Lender shall be increased to the extent
necessary to yield to such Agent or such Lender (after payment of all
Non-Excluded Taxes and Other Taxes) interest or any such other amounts payable
hereunder at the rates or in the amounts specified in this Agreement; provided
that the Borrowers shall not be required to compensate a Lender pursuant to this
paragraph for any amounts incurred more than six months prior to the date that
such Lender notifies the Company of such Lender’s intention to claim
compensation therefor; and provided further that, if the circumstances giving
rise to such claim have a retroactive effect, then such six-month period shall
be extended to include the period of

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such retroactive effect.
(b)        In addition, the Borrowers shall pay any Other Taxes to the relevant
Governmental Authority in accordance with applicable law.
(c)        Whenever any Non-Excluded Taxes or Other Taxes are payable by any
Borrower, as promptly as possible thereafter such Borrower shall send to the
Administrative Agent for the account of the relevant Agent or Lender, as the
case may be, a certified copy of an original official receipt received by such
Borrower showing payment thereof. The Borrowers shall indemnify each Agent and
each Lender for (i) the full amount of any Non-Excluded Taxes or Other Taxes
paid by such Agent or Lender and (ii) any reasonable out-of-pocket expenses
arising therefrom or with respect thereto, provided such Agent or Lender, as the
case may be, provides the Company with a written statement thereof setting forth
in reasonable detail the basis and calculation of such amounts.
(d)        Each Lender (or Transferee) that is not a “U.S. Person” as defined in
Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to the
Company and the Administrative Agent (or, in the case of a Participant, to the
Lender from which the related participation shall have been purchased) two
copies of either U.S. Internal Revenue Service Form W-8BEN, Form W-8IMY or Form
W-8ECI and any other information required by such forms, or, in the case of a
Non-U.S. Lender claiming exemption from U.S. federal withholding tax under
Section 871(h) or 881(c) of the Code with respect to payments of “portfolio
interest,” a statement substantially in the form of Exhibit G-1 (for a Non-U.S.
Lender that is not a partnership for U.S. tax purposes) or in a form of Exhibit
G-2 (for a Non-U.S. Lender that is a partnership for U.S. tax purposes) and a
Form W-8BEN or Form W-8IMY , or any subsequent versions thereof or successors
thereto and any other information required by such forms, properly completed and
duly executed by such Non-U.S. Lender claiming complete exemption from, or a
reduced rate of, U.S. federal withholding tax on all payments by the Borrowers
under this Agreement and the other Loan Documents. Such forms shall be delivered
by each Non-U.S. Lender on or before the date it becomes a party to this
Agreement (or, in the case of any Participant, on or before the date such
Participant purchases the related participation). In addition, each Non-U.S.
Lender shall deliver such forms promptly upon the obsolescence or invalidity of
any form previously delivered by such Non-U.S. Lender. Each Non-U.S. Lender
shall promptly notify the Company at any time it determines that it is no longer
in a position to provide any previously delivered certificate to the Company (or
any other form of certification adopted by the U.S. taxing authorities for such
purpose). If a payment made to a Lender under any Loan Document would be subject
to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to
comply with the applicable reporting requirements of FATCA (including those
contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender
shall deliver to the Company and the Administrative Agent at the time or times
prescribed by law and at such time or times reasonably requested by the Company
or the Administrative Agent such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Company or the
Administrative Agent as may be necessary for the Borrowers and the
Administrative Agent to comply with their obligations under FATCA and to
determine that such Lender has complied with such Lenders’

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obligations under FATCA or to determine the amount to deduct and withhold from
such payment. Notwithstanding any other provision of this paragraph, a Non-U.S.
Lender shall not be required to deliver any form pursuant to this paragraph that
such Non-U.S. Lender is not legally able to deliver.
(e)        A Lender that is entitled to an exemption from or reduction of
non-U.S. withholding tax under the law of the jurisdiction in which any Borrower
is located, or any treaty to which such jurisdiction is a party, with respect to
payments under this Agreement shall deliver to the Company (with a copy to the
Administrative Agent), at the time or times prescribed by applicable law or
reasonably requested by the Company, such properly completed and executed
documentation prescribed by applicable law as will permit such payments to be
made without withholding or at a reduced rate, provided that such Lender is
legally entitled to complete, execute and deliver such documentation and in such
Lender’s reasonable judgment such completion, execution or submission would not
materially prejudice the legal position of such Lender.
(f)        If a Lender determines, in its sole discretion, that it has received
a refund of Taxes as to which it has been indemnified by any Borrower, or with
respect to which such Borrower has paid additional amounts pursuant to this
Section 2.18, it shall within 180 days from the date of its determination pay
over the amount of such refund (but only to the extent of indemnity payments
made, or additional amounts paid, by such Borrower under this Section 2.18 with
respect to the Non-Excluded Taxes or Other Taxes giving rise to such refund) to
such Borrower, net of all reasonable out-of-pocket expenses of such Lender
(including any taxes imposed with respect to such refund) as determined by such
Lender in good faith and in its sole discretion, and without interest (other
than interest paid by the relevant Governmental Authority with respect to such
refund); provided, however, that each Borrower, upon request of such Lender,
agrees to repay as soon as reasonably practicable the amount paid over to such
Borrower (plus applicable interest imposed by the relevant Governmental
Authority) to such Lender if such Lender is required to repay such refund to
such Governmental Authority. This paragraph shall not be construed to require
the Administrative Agent or any Lender to make available its tax returns to the
Company or any other person.
(g)        Each Lender that is a “U.S. Person” within the meaning of Section
7701(a)(30) of the Code shall deliver to the Company and the Administrative
Agent, on or before the date such Lender becomes a party to this Agreement, two
copies of Internal Revenue Service Form W-9 or any successor or other form
prescribed by the Internal Revenue Service.
Section 2.19. Indemnity. The Borrower agrees to indemnify each Lender for, and
to hold each Lender harmless from, any loss (other than for lost profits) or
expense that such Lender may sustain or incur as a consequence of (a) default by
the Borrower in making a borrowing of, conversion into or continuation of
Eurodollar Loans after the Borrower has given a notice requesting the same in
accordance with the provisions of this Agreement, (b) default by the Borrower in
making any prepayment after the Borrower has given a notice thereof in
accordance with the provisions of this Agreement or (c) the making of a
prepayment or conversion of Eurodollar Loans on a day that is not the last day
of an Interest Period with respect thereto. Such indemnification may include an
amount equal to the excess, if any, of (i) the amount of interest

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that would have accrued on the amount so prepaid, or not so borrowed, converted
or continued, for the period from the date of such prepayment or of such failure
to borrow, convert or continue to the last day of such Interest Period (or, in
the case of a failure to borrow, convert or continue, the Interest Period that
would have commenced on the date of such failure) in each case at the applicable
rate of interest for such Loans provided for herein (excluding, however, the
Applicable Margin included therein, if any) over (ii) the amount of interest (as
reasonably determined by such Lender) that would have accrued to such Lender on
such amount by placing such amount on deposit for a comparable period with
leading banks in the interbank Eurodollar market. A certificate as to any
amounts payable pursuant to this Section submitted to the Company by any Lender
shall be conclusive in the absence of manifest error. This covenant shall
survive the termination of this Agreement and the payment of the Loans and all
other amounts payable hereunder.
Section 2.20. Illegality. Notwithstanding any other provision herein, if any
Change in Law shall make it unlawful for any Lender to make or maintain
Eurodollar Loans as contemplated by this Agreement as notified in writing by
such Lender to the Administrative Agent and the Company, (a) the commitment of
such Lender hereunder to make Eurodollar Loans, continue Eurodollar Loans as
such and convert Base Rate Loans to Eurodollar Loans shall forthwith be canceled
and (b) such Lender’s Loans then outstanding as Eurodollar Loans, if any, shall
be converted automatically to Base Rate Loans on the respective last days of the
then current Interest Periods with respect to such Loans or within such earlier
period as required by law. If any such conversion of a Eurodollar Loan occurs on
a day which is not the last day of the then current Interest Period with respect
thereto, the Borrower shall pay to such Lender such amounts, if any, as may be
required pursuant to Section 2.19.
Section 2.21. Change of Lending Office. Each Lender agrees that, upon the
occurrence of any event giving rise to the operation of Section 2.17, 2.18(a) or
2.20 with respect to such Lender, it will, if requested by the Company, use
reasonable efforts (subject to overall policy considerations of such Lender) to
designate another lending office for any Loans affected by such event with the
object of avoiding the consequences of such event; provided, that such
designation is made on terms that, in the sole judgment of such Lender, cause
such Lender and its lending office(s) to suffer no economic, legal or regulatory
disadvantage, and provided, further, that nothing in this Section shall affect
or postpone any of the obligations of any Borrower or the rights of any Lender
pursuant to Section 2.17, 2.18 or 2.20.
Section 2.22. Incremental Credit Extensions. (a) The Company may at any time or
from time to time after the Amendment Effective Date, by notice to the
Administrative Agent (whereupon the Administrative Agent shall promptly deliver
a copy to each of the Lenders), request (x) one or more additional tranches of
term loans (the “Incremental Term Loans”) or (y) one or more increases in the
amount of the Revolving Credit Commitments (each such increase, a “Revolving
Credit Commitment Increase”), provided that (i) both at the time of any such
request and after giving effect to the effectiveness of any Incremental
Amendment referred to below (including, in the case of any Incremental Term
Loan, after giving effect thereto), no Default or Event of Default shall exist,
(ii) the Consolidated Leverage Ratio shall not exceed 4.25:1.00, determined on a
pro forma basis as of the last day of the most recent fiscal quarter for which
financial statements are required to have been delivered hereunder, in each
case, as if such

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Incremental Term Loans or Revolving Credit Commitment Increases, as applicable,
had been outstanding, and in the case of any Revolving Credit Commitment
Increase, fully drawn, on the last day of such fiscal quarter for testing
compliance therewith. Each tranche of Incremental Term Loans and each Revolving
Credit Commitment Increase shall be in an aggregate principal amount that is not
less than $20,000,000 (provided that such amount may be less than $20,000,000 if
(x) such amount represents all remaining availability under the limit set forth
in the next sentence or (y) if otherwise agreed to by the Administrative Agent).
Notwithstanding anything to the contrary herein, the aggregate amount of the
Incremental Term Loans and the Revolving Credit Commitment Increases shall not
exceed $300,000,000.
(b)        The Incremental Term Loans (i) shall rank pari passu in right of
payment and of security with the Revolving Credit Loans and the Term Loans, (ii)
shall not mature earlier than the Term Loan Maturity Date, (iii) shall not have
a weighted average life to maturity shorter than the weighted average life to
maturity of the Term Loans and (iv) except as set forth in Section 2.22(a),
shall be treated substantially the same as the Term Loans (in each case,
including with respect to mandatory and voluntary prepayments, it being
understood that mandatory prepayments shall be applied ratably to the
Incremental Term Loans based on the aggregate principal amount of Term Loans and
Incremental Term Loans then outstanding and in accordance with the terms of
Section 2.10 except to the extent the terms of the relevant Incremental
Amendment (as defined below) shall provide that such Incremental Term Loans
shall not be subject to mandatory prepayments or be prepaid at a rate or
percentage less than is otherwise applicable to prepayments of Term Loans
pursuant to Section 2.10), provided that (i) if the Effective Yield for such
Incremental Term Loans as of the date of incurrence of such Incremental Term
Loans exceeds the sum of the Effective Yield then applicable to any tranche of
outstanding Term Loans or Incremental Term Loans and 0.50% (the amount of such
excess being referred to herein as the “Term Loan Yield Differential”), then the
Applicable Margin then in effect for such Term Loans and Incremental Term Loans
shall automatically be increased by the Term Loan Yield Differential (at each
level in the pricing grid), effective upon the making of the Incremental Term
Loans, (ii) the terms and conditions applicable to Incremental Term Loans may be
materially different from those of the Term Loans to the extent such differences
are reasonably acceptable to the Administrative Agent and (iii) the interest
rates and amortization schedule applicable to the Incremental Term Loans shall
be determined by the Company and the lenders thereof.
(c)        Each notice from the Company pursuant to this Section 2.22 shall set
forth the requested amount and proposed terms of the relevant Incremental Term
Loans or Revolving Credit Commitment Increases. Incremental Term Loans may be
made, and Revolving Credit Commitment Increases may be provided, by any existing
Lender or by any other bank or other financial institution (any such other bank
or other financial institution being called an “Additional Lender”), provided
that the Administrative Agent and, with respect to Revolving Credit Commitment
Increases, each Issuing Lender shall have consented (such consent not to be
unreasonably withheld, delayed or conditioned) to such Lender’s or Additional
Lender’s making such Incremental Term Loans or providing such Revolving Credit
Commitment Increases if such consent would be required under Section 10.06 for
an assignment of Loans or Commitments, as applicable, to such Lender or
Additional Lender.

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(d)        Commitments in respect of Incremental Term Loans and Revolving Credit
Commitment Increases shall become Commitments (or in the case of a Revolving
Credit Commitment Increase to be provided by an existing Lender with a Revolving
Credit Commitment, an increase in such Lender’s applicable Revolving Credit
Commitment) under this Agreement pursuant to an amendment (an “Incremental
Amendment”) to this Agreement and, as appropriate, the other Loan Documents,
executed (in the case of such amendment to this Agreement) by the Company, each
Lender agreeing to provide such Commitment, if any, each Additional Lender, if
any, and the Administrative Agent.
(e)        Any Incremental Amendment may, without the consent of any other
Lenders, effect such amendments to this Agreement and the other Loan Documents
as may be necessary or appropriate, in the reasonable opinion of the
Administrative Agent and the Company, to effect the provisions of this Section.
The effectiveness of any Incremental Amendment shall be subject to the
satisfaction on the date thereof (each, an “Incremental Facility Closing Date”)
of each of the conditions set forth in Section 5.02 (it being understood that
all references to “the date of such extension of credit” or similar language in
such Section 5.02 shall be deemed to refer to the effective date of such
Incremental Amendment), of the payment of any fees payable in connection
therewith, the delivery of any documentation required under Section 6.05 and
such other conditions as the parties thereto shall agree. The Borrowers may use
the proceeds of the Incremental Term Loans and Revolving Credit Commitment
Increases for any purpose not prohibited by this Agreement. No Lender shall be
obligated to provide any Incremental Term Loans or Revolving Credit Commitment
Increases, unless it so agrees.
(f)        Upon each increase in the Revolving Credit Commitments pursuant to
this Section 2.22, (i) each Lender with a Revolving Credit Commitment
immediately prior to such increase will automatically and without further act be
deemed to have assigned to each Lender providing a portion of the Revolving
Credit Commitment Increase (each a “Revolving Credit Commitment Increase
Lender”) in respect of such increase, and each such Revolving Credit Commitment
Increase Lender will automatically and without further act be deemed to have
assumed, a portion of such Lender’s participations hereunder in outstanding
Letters of Credit such that, after giving effect to each such deemed assignment
and assumption of participations, the percentage of the aggregate outstanding
participations hereunder in Letters of Credit held by each Lender with a
Revolving Credit Commitment (including each such Revolving Credit Commitment
Increase Lender) will equal the percentage of the aggregate Revolving Credit
Commitments of all Lenders with Revolving Credit Commitments represented by such
Lender’s Revolving Credit Commitment and (ii) if, on the date of such increase,
there are any Revolving Credit Loans outstanding, such Revolving Credit Loans
shall on or prior to the effectiveness of such Revolving Credit Commitment
Increase be prepaid from the proceeds of additional Revolving Credit Loans made
hereunder (reflecting such increase in Revolving Credit Commitments), which
prepayment shall be accompanied by accrued interest on the Revolving Credit
Loans being prepaid and any costs incurred by any Lender in accordance with
Section 2.19. The Administrative Agent and the Lenders hereby agree that the
minimum borrowing, pro rata borrowing and pro rata payment requirements
contained elsewhere in this Agreement shall not apply to the transactions
effected pursuant to the immediately preceding sentence.

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(g)        This Section 2.22 shall supersede any provisions in Section 10.01 to
the contrary.
Section 2.23. Additional Loan Parties.
(a)        Subsidiary Borrowers. (i) The Company may at any time, upon not less
than 15 Business Days’ notice from the Company to the Administrative Agent (or
such shorter period as may be agreed by the Administrative Agent in its sole
discretion), designate any Subsidiary Guarantor (including a Foreign Subsidiary
Guarantor) (an “Applicant Borrower”) as a Subsidiary Borrower to receive Loans
hereunder by delivering to the Administrative Agent a duly executed notice and
agreement in substantially the form of Exhibit K (a “Subsidiary Borrower Request
and Assumption Agreement”). The parties hereto acknowledge and agree that prior
to any Applicant Borrower becoming a Subsidiary Borrower the Administrative
Agent shall have received such supporting resolutions, incumbency certificates,
opinions of counsel and other documents or information, in form and substance
reasonably satisfactory to the Administrative Agent and, in the case of opinions
of counsel, from counsel reasonably satisfactory to the Administrative Agent, as
may be required by the Administrative Agent in its sole discretion, Notes signed
by such new Borrowers to the extent any Lenders so require, and, if the
Applicant Borrower would be a Foreign Borrower, any amendment to this Agreement
or any other Loan Document contemplated by Section 2.23(a)(ii) shall have been
effected. If the Administrative Agent consents to an Applicant Borrower becoming
a Subsidiary Borrower (such consent not to be unreasonably withheld), then
promptly following receipt of all such requested resolutions, incumbency
certificates, opinions of counsel and other documents or information and any
amendment contemplated by Section 2.23(a)(ii) having been effected, the
Administrative Agent shall send a notice in substantially the form of Exhibit L
(a “Subsidiary Borrower Notice”) to the Company and the Lenders specifying the
effective date upon which the Applicant Borrower shall constitute a Subsidiary
Borrower for purposes hereof, whereupon each of the Lenders agrees to permit
such Subsidiary Borrower to receive Loans hereunder, on the terms and conditions
set forth herein, and each of the parties agrees that such Subsidiary Borrower
otherwise shall be a Borrower for all purposes of this Agreement; provided that
no extension of credit to any Foreign Borrower may contravene any Requirement of
Law applicable to the Lender extending such credit.
(ii)        If the Applicant Borrower would be a Foreign Borrower, the
Administrative Agent and/or the Collateral Agent and the Company shall effect
such amendments to this Agreement and the other Loan Documents as may be
necessary or appropriate in the opinion of the Administrative Agent or the
Collateral Agent, with the advice of counsel, to effect the addition of such
Applicant Borrower as a Subsidiary Borrower, including amending or supplementing
any provisions relating to reimbursement of or gross-up for taxes,
representations and warranties, covenants, events of default and the appointment
of an agent for service of process. Any such amendment may be effected without
the consent of any Lenders.
(iii)        The Obligations of the Company and each Subsidiary Borrower shall
be joint and several in nature.  

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(iv)        Each Subsidiary of the Company that becomes a “Subsidiary Borrower”
pursuant to this Section 2.23 hereby irrevocably appoints the Company as its
agent for all purposes relevant to this Agreement and each of the other Loan
Documents, including (A) the giving and receipt of notices, (B) the execution
and delivery of all documents, instruments and certificates contemplated herein
and all modifications hereto, and (C) if the Company so elects, the receipt of
the proceeds of any Loans made by the Lenders to any such Subsidiary Borrower
hereunder. Any acknowledgment, consent, direction, certification or other action
which might otherwise be valid or effective only if given or taken by all
Borrowers, or by each Borrower acting singly, shall be valid and effective if
given or taken only by the Company, whether or not any such other Borrower joins
therein. Any notice, demand, consent, acknowledgement, direction, certification
or other communication delivered to the Company in accordance with the terms of
this Agreement shall be deemed to have been delivered to each Subsidiary
Borrower.
(v)        The Company may from time to time, upon not less than 15 Business
Days’ notice from the Company to the Administrative Agent (or such shorter
period as may be agreed by the Administrative Agent in its sole discretion),
terminate a Subsidiary Borrower’s status as such, provided that there are no
outstanding Loans payable by such Subsidiary Borrower or outstanding Letters of
Credit issued for the account of such Subsidiary Borrower, or other amounts
payable by such Subsidiary Borrower on account of any Loans made to it or
Letters of Credit issued for its account, as of the effective date of such
termination. The Administrative Agent will promptly notify the Lenders of any
such termination of a Subsidiary Borrower’s status as such. For the avoidance of
doubt, the termination of a Subsidiary Borrower’s status as such shall not
affect its status as a Subsidiary Guarantor.
(vi)        Each Lender may, at its option, make any Loan available to any
Foreign Borrower by causing any foreign or domestic branch or Affiliate of such
Lender to make such Loan, and any exercise of such option shall not affect the
obligation of such Foreign Borrower to repay such Loan in accordance with the
terms of this Agreement.
(b)        Foreign Subsidiary Guarantors. The Company may at any time designate
any Qualified Foreign Subsidiary as a Foreign Subsidiary Guarantor upon notice
to the Administrative Agent and the Collateral Agent. The parties hereto
acknowledge and agree that no Qualified Foreign Subsidiary shall become a
Foreign Subsidiary Guarantor, a Subsidiary Guarantor or a Loan Party until the
following conditions are satisfied (the “Foreign Collateral and Guarantee
Requirement”):
(i)        the Administrative Agent and/or the Collateral Agent shall have
received:
(A)     a Guarantee and Collateral Agreement Supplement (as defined in the
Guarantee and Collateral Agreement) and/or such other Security Documents (in
each case, in form and substance satisfactory to the Administrative Agent and
the Collateral Agent in their sole discretion) that may be required under
applicable law or that the Administrative Agent or the

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Collateral Agent may request in their sole discretion to provide for the
unconditional guarantee by such Foreign Subsidiary of the obligations of the
Loan Parties under the Loan Documents and to grant, preserve, protect and
perfect the validity and first priority of the security interest in those assets
and properties of such Foreign Subsidiary as the Administrative Agent or the
Collateral Agent; and
(B)     such supporting resolutions, incumbency certificates, opinions of
counsel and other documents or information, in form and substance satisfactory
to the Administrative Agent and, in the case of opinions of counsel, from
counsel satisfactory to the Administrative Agent, as may be required by the
Administrative Agent or the Collateral Agent in their sole discretion; and
(ii)        the Administrative Agent and/or the Collateral Agent and the Company
shall have effected such amendments to this Agreement and the other Loan
Documents as may be necessary or appropriate in the opinion of the
Administrative Agent or the Collateral Agent, with the advice of counsel, to
effect the addition of such Qualified Foreign Subsidiary as a Foreign Subsidiary
Guarantor (it being agreed that no such amendment shall require the consent of
any Lender); and
(iii)        if the immediate parent of such Qualified Foreign Subsidiary is a
Loan Party, such immediate parent shall have granted a first priority security
interest in and delivered to the Collateral Agent certificates reflecting 100%
of the Capital Stock of such Qualified Foreign Subsidiary, together with undated
stock powers, in blank, executed and delivered by a duly authorized officer of
such immediate parent (if such Capital Stock is certificated).
When the Administrative Agent and Collateral Agent determine that the Foreign
Collateral and Guarantee Requirement with respect to any Qualified Foreign
Subsidiary has been satisfied, the Administrative Agent shall send a notice to
the Company and the Lenders specifying the effective date upon which such
Qualified Foreign Subsidiary shall constitute a Foreign Subsidiary Guarantor, a
Subsidiary Guarantor and a Loan Party for purposes of the Credit Agreement and
the other Loan Documents. The guarantee obligations and Collateral of any
Foreign Subsidiary Guarantor may only be released to the extent permitted under
Section 10.16.
(c)        This Section 2.23 shall supersede any provisions in Section 10.01 to
the contrary.
Section 2.24. Cash Collateral. At any time that there shall exist a Defaulting
Lender, within three Business Days following the written request of the
Administrative Agent or any Issuing Lender (with a copy to the Administrative
Agent) the Company shall Cash Collateralize the Issuing Lenders’ Fronting
Exposure with respect to such Defaulting Lender (determined after giving effect
to Section 2.25(a)(iv) and any Cash Collateral provided by such Defaulting
Lender) in an amount satisfactory to each Issuing Lender (but in no event
greater than the applicable Fronting Exposure).

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(a)        Grant of Security Interest. The Company, and to the extent provided
by any Defaulting Lender, such Defaulting Lender, hereby grants to the
Collateral Agent, for the benefit of the Issuing Lenders, and agrees to
maintain, a first priority security interest in all such Cash Collateral as
security for the Defaulting Lenders’ obligation to fund participations in
respect of L/C Obligations, to be applied pursuant to clause (b) below.
(b)        Application. Notwithstanding anything to the contrary contained in
this Agreement or any other Loan Document, Cash Collateral provided under this
Section 2.24 or Section 2.25 in respect of Letters of Credit shall be applied to
the satisfaction of the Defaulting Lender’s obligation to fund participations in
respect of L/C Obligations (including, as to Cash Collateral provided by a
Defaulting Lender, any interest accrued on such obligation) for which the Cash
Collateral was so provided, prior to any other application of such property as
may otherwise be provided for herein or in any other Loan Document.
(c)        Termination of Requirement. Cash Collateral (or the appropriate
portion thereof) provided to reduce any Issuing Lender’s Fronting Exposure shall
no longer be required to be held as Cash Collateral pursuant to this Section
2.24 and shall promptly be returned to the Person providing such Cash Collateral
following (i) the elimination of the applicable Fronting Exposure (including by
the termination of Defaulting Lender status of the applicable Lender), or (ii)
the determination by the Administrative Agent and each Issuing Lender that there
exists excess Cash Collateral; provided that, subject to Section 2.25, the
Person providing Cash Collateral and each Issuing Lender may agree that Cash
Collateral shall be held to support future anticipated Fronting Exposure or
other obligations; and provided, further that to the extent that such Cash
Collateral was provided by the Company, such Cash Collateral shall remain
subject to the security interest granted pursuant to the Loan Documents.
Section 2.25. Defaulting Lenders.
(a)        Defaulting Lender Adjustments. Notwithstanding anything to the
contrary contained in this Agreement, if any Lender becomes a Defaulting Lender,
then, until such time as such Lender is no longer a Defaulting Lender, to the
extent permitted by applicable law:
(i)     Waivers and Amendments. Such Defaulting Lender’s right to approve or
disapprove any amendment, waiver or consent with respect to this Agreement shall
be restricted as set forth in the definition of Required Lenders.
(ii)     Defaulting Lender Waterfall. Any payment of principal, interest, fees
or other amounts received by the Administrative Agent or the Collateral Agent
for the account of such Defaulting Lender (whether voluntary or mandatory, at
maturity, pursuant to Article 8 or otherwise) or received by the Administrative
Agent or the Collateral Agent from a Defaulting Lender pursuant to Section
10.07(b) shall be applied at such time or times as may be determined by the
Administrative Agent as follows: first, to the payment of any amounts owing by
such Defaulting Lender to the Administrative Agent and the Collateral Agent
hereunder; second, to the payment on a pro rata basis of any amounts owing by
such Defaulting Lender to any Issuing Lender hereunder; third, to Cash
Collateralize the Issuing Lenders’ Fronting Exposure with respect to such

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Defaulting Lender in accordance with Section 2.24; fourth, as the Company may
request (so long as no Default or Event of Default exists), to the funding of
any Loan in respect of which such Defaulting Lender has failed to fund its
portion thereof as required by this Agreement, as determined by the
Administrative Agent; fifth, if so determined by the Administrative Agent and
the Company, to be held in a deposit account and released pro rata to (x)
satisfy such Defaulting Lender’s potential future funding obligations with
respect to Loans under this Agreement and (y) Cash Collateralize the Issuing
Lenders’ future Fronting Exposure with respect to such Defaulting Lender with
respect to future Letters of Credit issued under this Agreement, in accordance
with Section 2.24; sixth, to the payment of any amounts owing to the Lenders or
the Issuing Lenders as a result of any judgment of a court of competent
jurisdiction obtained by any Lender or Issuing Lender against such Defaulting
Lender as a result of such Defaulting Lender’s breach of its obligations under
this Agreement; seventh, so long as no Default or Event of Default exists, to
the payment of any amounts owing to the Company as a result of any judgment of a
court of competent jurisdiction obtained by the Company against such Defaulting
Lender as a result of such Defaulting Lender’s breach of its obligations under
this Agreement; and eighth, to such Defaulting Lender or as otherwise directed
by a court of competent jurisdiction; provided that if (x) such payment is a
payment of the principal amount of any Loans or L/C Disbursements in respect of
which such Defaulting Lender has not fully funded its appropriate share, and (y)
such Loans were made or the related Letters of Credit were issued at a time when
the conditions set forth in Section 5.02 were satisfied or waived, such payment
shall be applied solely to pay the Loans of, and L/C Disbursements owed to, all
Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment
of any Loans of, or L/C Disbursements owed to, such Defaulting Lender until such
time as all Loans and funded and unfunded participations in L/C Obligations are
held by the Lenders pro rata in accordance with the Revolving Credit Percentages
under the applicable Facility without giving effect to Section 2.25(a)(iv). Any
payments, prepayments or other amounts paid or payable to a Defaulting Lender
that are applied (or held) to pay amounts owed by a Defaulting Lender or to post
Cash Collateral pursuant to this Section 2.25(a)(ii) shall be deemed paid to and
redirected by such Defaulting Lender, and each Lender irrevocably consents
hereto.
(iii)     Certain Fees. (A) No Defaulting Lender shall be entitled to receive
any Commitment Fee for any period during which that Lender is a Defaulting
Lender (and no Borrower shall be required to pay any such fee that otherwise
would have been required to have been paid to that Defaulting Lender).
(B) Each Defaulting Lender shall be entitled to receive L/C Fees for any period
during which that Lender is a Defaulting Lender only to the extent allocable to
its Revolving Credit Percentage of the stated amount of Letters of Credit for
which it has provided Cash Collateral pursuant to Section 2.24.
(C)     With respect to any Commitment Fee or L/C Fee not required to be paid to
any Defaulting Lender pursuant to clause (A) or (B) above, the Company or the
relevant Borrower shall (x) pay to each Non-Defaulting Lender

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that portion of any such fee otherwise payable to such Defaulting Lender with
respect to such Defaulting Lender’s participation in L/C Obligations that has
been reallocated to such Non-Defaulting Lender pursuant to Section 2.25(a)(iv),
(y) pay to each Issuing Lender the amount of any such fee otherwise payable to
such Defaulting Lender to the extent allocable to such Issuing Lender’s Fronting
Exposure to such Defaulting Lender, and (z) not be required to pay the remaining
amount of any such fee.
(iv)     Reallocation of Participations to Reduce Fronting Exposure. All or any
part of such Defaulting Lender’s participation in L/C Obligations shall be
reallocated among the Non-Defaulting Lenders in accordance with their respective
Revolving Credit Percentages (calculated without regard to such Defaulting
Lender’s Commitment) but only to the extent that (x) the conditions set forth in
Section 5.02 are satisfied at the time of such reallocation (and, unless the
Company shall have otherwise notified the Administrative Agent at such time, the
Company shall be deemed to have represented and warranted that such conditions
are satisfied at such time), and (y) such reallocation does not cause the
aggregate Revolving Extensions of Credit of any Non-Defaulting Lender to exceed
such Non-Defaulting Lender’s Revolving Credit Commitment. No reallocation
hereunder shall constitute a waiver or release of any claim of any party
hereunder against a Defaulting Lender arising from that Lender having become a
Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of
such Non-Defaulting Lender’s increased exposure following such reallocation.
(v) Cash Collateral. If the reallocation described in Section 2.25(a)(iv)
cannot, or can only partially, be effected, the Company shall, without prejudice
to any right or remedy available to it hereunder or under law, Cash
Collateralize the Issuing Lenders’ Fronting Exposure in accordance with the
procedures set forth in Section 2.24.
(b)        Defaulting Lender Cure. If the Company, the Administrative Agent and
each Issuing Lender agree in writing that a Lender is no longer a Defaulting
Lender, the Administrative Agent will so notify the parties hereto, whereupon as
of the effective date specified in such notice and subject to any conditions set
forth therein (which may include arrangements with respect to any Cash
Collateral), that Lender will, to the extent applicable, purchase at par that
portion of outstanding Loans of the other Lenders or take such other actions as
the Administrative Agent may determine to be necessary to cause the Loans and
funded and unfunded participations in Letters of Credit to be held pro rata by
the Lenders in accordance with the Commitments under the applicable Facility
(without giving effect to Section 2.25(a)(iv)), whereupon such Lender will cease
to be a Defaulting Lender; provided that no adjustments will be made
retroactively with respect to fees accrued or payments made by or on behalf of
any Borrower while that Lender was a Defaulting Lender; and provided, further,
that except to the extent otherwise expressly agreed by the affected parties, no
change hereunder from Defaulting Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender having been
a Defaulting Lender.

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(c)        New Letters of Credit. So long as any Lender is a Defaulting Lender,
no Issuing Lender shall be required to issue, extend, renew or increase any
Letter of Credit unless it is satisfied that it will have no Fronting Exposure
after giving effect thereto.
ARTICLE 3
LETTERS OF CREDIT
Section 3.01. L/C Commitment. (a) Subject to the terms and conditions hereof,
each Issuing Lender, in reliance on the agreements of the other Revolving Credit
Lenders set forth in Section 3.04(a), agrees to issue letters of credit
(“Letters of Credit”) for the account of the Borrowers on any Business Day,
during the period from and including the Original Closing Date to the earlier of
(v) the date that is 30 days prior to the Revolving Credit Termination Date and
(w) the termination of the Revolving Credit Commitments in accordance with the
terms hereof, in such form as may be approved from time to time by such Issuing
Lender; provided, that no Issuing Lender shall have any obligation to issue any
Letter of Credit if, immediately after giving effect to such issuance, (i) the
L/C Obligations would exceed the L/C Commitment, (ii) the aggregate amount of
the Available Revolving Credit Commitments would be less than zero or (iii) the
Revolving Extensions of Credit of any Lender would exceed such Lender’s
Revolving Credit Commitment. Each Letter of Credit shall (i) be denominated in
Dollars and (ii) expire no later than the earlier of (x) the first anniversary
of its date of issuance and (y) the date which is five Business Days prior to
the Revolving Credit 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 shall in no event extend beyond the date referred to in clause
(y) above). Letters of Credit may be standby Letters of Credit or trade Letters
of Credit, as specified in the applicable Application; provided, that Credit
Suisse AG, as Issuing Lender, shall not be obligated to issue trade Letters of
Credit.
(b)        No Issuing Lender shall at any time be obligated to issue any Letter
of Credit hereunder if such issuance would conflict with, or cause such Issuing
Lender or any L/C Participant to exceed any limits imposed by, any applicable
Requirement of Law.
Section 3.02. Procedure for Issuance of Letter of Credit. The Borrower may from
time to time request that an Issuing Lender issue a Letter of Credit by
delivering to such Issuing Lender at its address for notices specified herein an
Application therefor, completed to the satisfaction of such Issuing Lender, and
such other certificates, documents and other papers and information as such
Issuing Lender may request. Concurrently with the delivery of an Application to
an Issuing Lender, the Borrower shall deliver a copy thereof to the
Administrative Agent. Upon receipt of any Application, an Issuing Lender will
process such Application and the certificates, documents and other papers and
information delivered to it in connection therewith in accordance with its
customary procedures and shall promptly issue the Letter of Credit requested
thereby by issuing the original of such Letter of Credit to the beneficiary
thereof or as otherwise may be agreed to by such Issuing Lender and the Borrower
(but in no event shall any Issuing Lender be required to issue any Letter of
Credit earlier than three Business Days after its receipt of the Application
therefor and all such other certificates, documents and other papers and
information relating thereto). Promptly after issuance by an Issuing Lender of a
Letter of Credit,

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such Issuing Lender shall furnish a copy of such Letter of Credit to the
Company. Each Issuing Lender shall promptly give notice to the Administrative
Agent of the issuance of each Letter of Credit issued by such Issuing Lender
(including the face amount thereof), and shall provide a copy of such Letter of
Credit to the Administrative Agent as soon as possible after the date of
issuance.
Section 3.03. Fees and Other Charges. (a) The Company will pay a fee (an “L/C
Fee”) on the aggregate drawable amount of all outstanding Letters of Credit at a
per annum rate equal to the Applicable Margin then in effect with respect to
Eurodollar Loans under the Revolving Credit Facility, shared ratably among the
Revolving Credit Lenders in accordance with their respective Revolving Credit
Percentages and payable quarterly in arrears on each L/C Fee Payment Date after
the issuance date. In addition, the Company shall pay to the relevant Issuing
Lender for its own account a fronting fee on the aggregate drawable amount of
all outstanding Letters of Credit issued by it of ¼ of 1% per annum, payable
quarterly in arrears on each L/C Fee Payment Date after the issuance date.
(b)        In addition to the foregoing fees, the Borrower shall pay or
reimburse each Issuing Lender for such normal and customary costs and expenses
as are incurred or charged by such Issuing Lender in issuing, negotiating,
effecting payment under, amending or otherwise administering any Letter of
Credit.
Section 3.04. L/C Participations. (a) Each Issuing Lender irrevocably agrees to
grant and hereby grants to each L/C Participant, and, to induce each Issuing
Lender to issue Letters of Credit hereunder, each L/C Participant irrevocably
agrees to accept and purchase and hereby accepts and purchases from each Issuing
Lender, on the terms and conditions hereinafter stated, for such L/C
Participant’s own account and risk, an undivided interest equal to such L/C
Participant’s Revolving Credit Percentage in each Issuing Lender’s obligations
and rights under each Letter of Credit issued by such Issuing Lender hereunder
and each L/C Disbursement made by such Issuing Lender thereunder. Each L/C
Participant unconditionally and irrevocably agrees with each Issuing Lender
that, if such Issuing Lender makes any L/C Disbursement in respect of a Letter
of Credit issued by such Issuing Lender for which such Issuing Lender is not
reimbursed in full by the Borrower in accordance with the terms of this
Agreement, such L/C Participant shall pay to the Administrative Agent for the
account of such Issuing Lender upon demand at such Issuing Lender’s address for
notices specified herein (and thereafter the Administrative Agent shall promptly
pay to such Issuing Lender) an amount equal to such L/C Participant’s Revolving
Credit Percentage of such L/C Disbursement, or any part thereof, that is not so
reimbursed. Each L/C Participant’s obligation to pay such amount shall be
absolute and unconditional and shall not be affected by any circumstance,
including (i) any setoff, counterclaim, recoupment, abatement, withholding,
reduction, defense or other right that such L/C Participant may have against the
Issuing Lender, the Borrower or any other Person for any reason whatsoever, (ii)
the occurrence or continuance of a Default or an Event of Default or the failure
to satisfy any of the other conditions specified in Article 5, (iii) any adverse
change in the condition (financial or otherwise) of the Borrower, (iv) any
breach of this Agreement or any other Loan Document by the Borrower, any other
Loan Party or any other L/C Participant or (v) any other circumstance, happening
or event whatsoever, whether or not similar to any of the

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foregoing.
(b)        If any amount (a “Participation Amount”) required to be paid by any
L/C Participant to an Issuing Lender pursuant to Section 3.04(a) in respect of
any unreimbursed portion of any L/C Disbursement made by such Issuing Lender
under any Letter of Credit is not paid to such Issuing Lender within three
Business Days after the date such payment is due, such Issuing Lender shall so
notify the Administrative Agent, which shall promptly notify the L/C
Participants, and each L/C Participant shall pay to the Administrative Agent,
for the account of such Issuing Lender, on demand (and thereafter the
Administrative Agent shall promptly pay to such Issuing Lender) an amount equal
to the product of (i) such Participation Amount, times (ii) the daily average
Federal Funds Effective Rate during the period from and including the date such
payment is required to the date on which such payment is immediately available
to such Issuing Lender, times (iii) a fraction the numerator of which is the
number of days that elapse during such period and the denominator of which is
360. If any Participation Amount required to be paid by any L/C Participant
pursuant to Section 3.04(a) is not made available to the Administrative Agent
for the account of the relevant Issuing Lender by such L/C Participant within
three Business Days after the date such payment is due, the Administrative Agent
on behalf of such Issuing Lender shall be entitled to recover from such L/C
Participant, on demand, such Participation Amount with interest thereon
calculated from such due date at the rate per annum applicable to ABR Loans
under the Revolving Facility. A certificate of the Administrative Agent
submitted on behalf of an Issuing Lender to any L/C Participant with respect to
any amounts owing under this Section shall be conclusive in the absence of
manifest error.
(c)        Whenever, at any time after an Issuing Lender has made any L/C
Disbursement in respect of a Letter of Credit issued by such Issuing Lender and
has received from the Administrative Agent any L/C Participant’s pro rata share
of such payment in accordance with Section 3.04(a), such Issuing Lender receives
any payment related to such Letter of Credit (whether directly from the Company
or otherwise, including proceeds of collateral applied thereto by such Issuing
Lender), or any payment of interest on account thereof, such Issuing Lender will
distribute to the Administrative Agent for the account of such L/C Participant
(and thereafter the Administrative Agent will promptly distribute to such L/C
Participant) its pro rata share thereof; provided, however, that if any such
payment received by such Issuing Lender shall be required to be returned by such
Issuing Lender, such L/C Participant shall return to the Administrative Agent
for the account of such Issuing Lender (and thereafter the Administrative Agent
shall promptly return to such Issuing Lender) the portion thereof previously
distributed by such Issuing Lender.
Section 3.05. Reimbursement Obligation of the Borrowers. The Borrowers agree to
reimburse each Issuing Lender, by the next Business Day following the date on
which such Issuing Lender notifies the Borrower of the date and amount of an L/C
Disbursement made by such Issuing Lender, for the amount of (a) such L/C
Disbursement and (b) any taxes, fees, charges or other costs or expenses
incurred by such Issuing Lender in connection with such L/C Disbursement (the
amounts described in the foregoing clauses (a) and (b) in respect of any
drawing, collectively, the “Payment Amount”). Each such payment shall be made to
such

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Issuing Lender at its address for notices specified herein in lawful money of
the United States of America and in immediately available funds. Interest shall
be payable on each Payment Amount from the date of the applicable drawing until
payment in full at the rate set forth in (i) until the second Business Day
following the date of the applicable drawing, Section 2.13(b) and (ii)
thereafter, Section 2.13(c). If any Borrower fails to so reimburse such Issuing
Lender, such Borrower shall be deemed to have requested a borrowing pursuant to
Section 2.05 of Base Rate Loans in the amount of such L/C Disbursement, the
making of any such borrowing to be subject to the conditions set forth in
Section 5.02 (other than delivery of a Borrowing Notice); provided that if such
conditions are not satisfied, the procedures specified in Section 3.04 for
funding by L/C Participants shall apply. The Borrowing Date with respect to such
borrowing shall be the first date on which a borrowing of Revolving Credit Loans
could be made, pursuant to Section 2.05, if the Administrative Agent had
received a notice of such borrowing at the time the Administrative Agent
receives notice from the relevant Issuing Lender of such drawing under such
Letter of Credit.
Section 3.06. Obligations Absolute. The Borrowers’ obligations under this
Article 3 shall be absolute, unconditional and irrevocable, and shall be
performed strictly in accordance with the terms of this Agreement, under any and
all circumstances whatsoever, and irrespective of:
(a)        any lack of validity or enforceability of any Letter of Credit or any
Loan Document, or any term or provision therein;
(b)        any amendment or waiver of or any consent to departure from all or
any of the provisions of any Letter of Credit or any Loan Document;
(c)        the existence of any claim, setoff, defense or other right that any
Borrower, any other party guaranteeing, or otherwise obligated with, any
Borrower, any Subsidiary or other Affiliate thereof or any other Person may at
any time have against the beneficiary under any Letter of Credit, the applicable
Issuing Lender, the Administrative Agent or any Lender or any other Person,
whether in connection with this Agreement, any other Loan Document or any other
related or unrelated agreement or transaction;
(d)        any draft or other document presented under a Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any
statement therein being untrue or inaccurate in any respect;
(e)        payment by the applicable Issuing Lender under a Letter of Credit
against presentation of a draft or other document that does not comply with the
terms of such Letter of Credit; and
(f)        any other act or omission to act or delay of any kind of the
applicable Issuing Lender, the Lenders, the Administrative Agent or any other
Person or any other event or circumstance whatsoever, whether or not similar to
any of the foregoing, that might, but for the provisions of this Section,
constitute a legal or equitable discharge of the Borrowers’ obligations
hereunder.

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Without limiting the generality of the foregoing, it is expressly understood and
agreed that the absolute and unconditional obligation of the Borrowers under
this Article 3 will not be excused by the gross negligence or willful misconduct
of the applicable Issuing Lender. However, the foregoing shall not be construed
to excuse the applicable Issuing Lender from liability to the Borrowers to the
extent of any direct damages (as opposed to consequential damages, claims in
respect of which are hereby waived by the Borrowers to the extent permitted by
applicable law) suffered by the Borrowers that are caused by such Issuing
Lender’s gross negligence or willful misconduct in determining whether drafts
and other documents presented under a Letter of Credit comply with the terms
thereof. It is further understood and agreed that the applicable Issuing Lender
may accept documents that appear on their face to be in order, without
responsibility for further investigation, regardless of any notice or
information to the contrary and, in making any payment under any Letter of
Credit issued by such Issuing Lender (i) such Issuing Lender’s exclusive
reliance on the documents presented to it under such Letter of Credit as to any
and all matters set forth therein, including reliance on the amount of any draft
presented under such Letter of Credit, whether or not the amount due to the
beneficiary thereunder equals the amount of such draft and whether or not any
document presented pursuant to such Letter of Credit proves to be insufficient
in any respect, if such document on its face appears to be in order, and whether
or not any other statement or any other document presented pursuant to such
Letter of Credit proves to be forged or invalid or any statement therein proves
to be inaccurate or untrue in any respect whatsoever and (ii) any noncompliance
in any immaterial respect of the documents presented under such Letter of Credit
with the terms thereof shall, in each case, be deemed not to constitute gross
negligence or willful misconduct of such Issuing Lender.
Section 3.07. Letter of Credit Payments. If any draft shall be presented for
payment under any Letter of Credit, the relevant Issuing Lender shall promptly
notify the Company and the Administrative Agent of the date and amount thereof.
The responsibility of the relevant Issuing Lender to the Company in connection
with any draft presented for payment under any Letter of Credit, in addition to
any payment obligation expressly provided for in such Letter of Credit issued by
such Issuing Lender, shall be limited to determining that the documents
(including each draft) delivered under such Letter of Credit in connection with
such presentment appear on their face to be in conformity with such Letter of
Credit.
Section 3.08. Applications. To the extent that any provision of any Application
related to any Letter of Credit is inconsistent with the provisions of this
Article 3, the provisions of this Article 3 shall apply.
Section 3.09. Resignation. Any Issuing Lender may resign at any time by giving
30 days’ prior written notice to the Administrative Agent, the Lenders and the
Company, and may be removed at any time by the Company by notice to such Issuing
Lender, the Administrative Agent and the Lenders. Upon the acceptance of any
appointment as an Issuing Lender hereunder by a Lender that shall agree to serve
as a successor Issuing Lender, such successor shall succeed to and become vested
with all the interests, rights and obligations of such retiring Issuing Lender.
At the time such removal or resignation shall become effective, the Company
shall pay all accrued and unpaid fees owing to the retiring Issuing Lender
pursuant to Section 3.03(b). The acceptance of any appointment as an Issuing
Lender hereunder by a successor Lender shall be

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evidenced by an agreement entered into by such successor, in a form satisfactory
to the Company and the Administrative Agent, and, from and after the effective
date of such agreement, (1) such successor Lender shall have all the rights and
obligations of such previous Issuing Lender under this Agreement and the other
Loan Documents and (2) references herein and in the other Loan Documents to the
term “Issuing Lender” shall be deemed to refer to such successor or to any
previous Issuing Lender, or to such successor and all previous Issuing Lenders,
as the context shall require. After the resignation or removal of an Issuing
Lender hereunder, the retiring Issuing Lender shall remain a party hereto and
shall continue to have all the rights and obligations of an Issuing Lender under
this Agreement and the other Loan Documents with respect to Letters of Credit
issued by it prior to such resignation or removal, but shall not be required to
issue additional Letters of Credit.
Section 3.10. Additional Issuing Lenders. The Company may, at any time and from
time to time with the consent of the Administrative Agent (which consent shall
not be unreasonably withheld or delayed) and such Lender, designate one or more
additional Lenders to act as an issuing lender under the terms of this
Agreement, subject to reporting requirements reasonably satisfactory to the
Administrative Agent with respect to issuances, amendments, extensions and
terminations of Letters of Credit by such additional issuing lender. Any Lender
designated as an issuing lender pursuant to this Section 3.10 shall be deemed to
be an “Issuing Lender” (in addition to being a Lender) in respect of Letters of
Credit issued or to be issued by such Lender, and, with respect to such Letters
of Credit, such term shall thereafter apply to the other Issuing Lender and such
Lender.
Section 3.11.    Outstanding Letters of Credit. All Letters of Credit, if any,
outstanding under the Existing Credit Agreement on the Amendment Effective Date
shall remain outstanding hereunder on the terms set forth herein. Each Revolving
Credit Lender’s risk participation in each such Letter of Credit shall be
determined in accordance with such Lender’s Revolving Credit Percentage, as if
such Letter of Credit had been issued on the Amendment Effective Date.
ARTICLE 4
REPRESENTATIONS AND WARRANTIES
To induce the Agents and the Lenders to enter into this Agreement and to make
the Loans and issue or participate in the Letters of Credit, the Company hereby
represents and warrants to each Agent and each Lender that:
Section 4.01. Financial Condition. (a) The unaudited pro forma consolidated
balance sheet of the Company and its consolidated Subsidiaries as at October 31,
2012 (including the notes thereto) and related statements of income and cash
flows (the “Pro Forma Financial Statements”), a copy of which has heretofore
been furnished to the Administrative Agent, have been prepared giving effect (as
if such events had occurred on such date or on the first day of the 12-month
period ending as of such date, as applicable) to (i) the Loans to be made on the
Amendment Effective Date and the use of proceeds thereof and (ii) the payment of
fees and expenses in connection with the foregoing. The Pro Forma Financial
Statements have been prepared in good faith, based upon estimates and
assumptions used to prepare the pro forma

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financial information contained in the Lender Presentation (which estimates and
assumptions are believed to be reasonable as of the Amendment Effective Date),
and present fairly on a pro forma basis the estimated financial position of the
Company and its consolidated Subsidiaries as at and for the 12-month period
ended October 31, 2012, assuming that the events specified in the preceding
sentence had actually occurred at such date.
(b)        The Company Historical Financial Statements, copies of which have
heretofore been furnished to the Administrative Agent, present fairly the
consolidated financial condition and results of operations of the Company as at
such dates and for the periods then ended in all material respects. All such
financial statements, including the related schedules and notes thereto, have
been prepared in accordance with GAAP applied consistently throughout the
respective periods involved. As of October 31, 2012, the Company and its
Subsidiaries do not have any material Guarantee Obligations, liabilities for
taxes, or any long term leases or unusual forward or long term commitments,
including, without limitation, any interest rate or foreign currency swap or
exchange transaction or other obligation in respect of derivatives, that are not
reflected in the most recent annual financial statements referred to in this
paragraph or quarterly financial statements for the fiscal quarter ended October
31, 2012.
Section 4.02. No Change. Since January 31, 2012 there has been no development or
event that has had or could reasonably be expected to have a Material Adverse
Effect.
Section 4.03. Corporate Existence; Compliance with Law. Each of the Company and
its Subsidiaries (a) is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization (to the extent such
concepts are applicable under the law of such jurisdiction), except with respect
to the good standing of its Foreign Subsidiaries (other than Foreign Subsidiary
Guarantors) that do not constitute a material portion of the business of the
Company and its Subsidiaries, taken as a whole, and where such failure to be in
good standing could not, in the aggregate, reasonably be expected to have a
Material Adverse Effect, (b) has the corporate power and authority, and the
legal right, to own and operate its Property, to lease the Property it operates
as lessee and to conduct the business in which it is currently engaged, (c) is
duly qualified as a foreign corporation or other organization and in good
standing under the laws of each jurisdiction (to the extent such concepts are
applicable under the law of such jurisdiction) where its ownership, lease or
operation of Property or the conduct of its business requires such
qualification, except to the extent that the failure to be so qualified could
not, in the aggregate, reasonably be expected to have a Material Adverse Effect,
and (d) is in compliance with all Requirements of Law except to the extent that
the failure to comply therewith could not, in the aggregate, reasonably be
expected to have a Material Adverse Effect.
Section 4.04. Corporate Power; Authorization; Enforceable Obligations. Each Loan
Party has the corporate power and authority, and the legal right, to make,
deliver and perform the Loan Documents to which it is a party and, in the case
of the Borrowers, to borrow hereunder in accordance with the terms and
conditions hereof. Each Loan Party has taken all necessary corporate action to
authorize the execution, delivery and performance of the Loan Documents to which
it is a party and, in the case of the Borrowers, to authorize the borrowings on
the terms and conditions of this Agreement. No consent or authorization of,
filing with, notice to or other act by or in respect of, any Governmental
Authority or any other Person is required in connection

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with the borrowings hereunder or the execution, delivery, performance, validity
or enforceability of this Agreement or any of the other Loan Documents, except
(i) consents, authorizations, filings and notices described in Schedule 4.04 or
as contemplated by the Amendment Agreement, which consents, authorizations,
filings and notices have been obtained or made and are in full force and effect,
(ii) the filings referred to in Section 4.18 and filings required under the
Exchange Act in respect of the transactions contemplated hereby, and (iii)
consents, authorizations, filings and notices required under the laws of the
jurisdiction of organization of any Foreign Subsidiary in respect of the grant
of a security interest in respect of its Capital Stock pursuant to the Guarantee
and Collateral Agreement or any other Security Document. Each Loan Document has
been duly executed and delivered on behalf of each Loan Party that is a party
thereto. This Agreement constitutes, and each other Loan Document upon execution
will constitute (in each case, assuming due execution by the parties other than
the Loan Parties party thereto), a legal, valid and binding obligation of each
Loan Party that is a party thereto, enforceable against each such Loan Party in
accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law).
Section 4.05. No Legal Bar. The execution, delivery and performance of this
Agreement and the other Loan Documents, the issuance of Letters of Credit, the
borrowings hereunder and the use of the proceeds thereof will not violate any
Requirement of Law or any material Contractual Obligation of the Company or any
of its Subsidiaries and will not result in, or require, the creation or
imposition of any Lien on any of their respective properties or revenues
pursuant to any Requirement of Law or any such material Contractual Obligation
(other than the Liens created by the Security Documents). No Requirement of Law
or Contractual Obligation applicable to the Company or any of its Subsidiaries
could reasonably be expected to have a Material Adverse Effect.
Section 4.06. No Material Litigation. Except as described on Schedule 4.06, no
litigation, investigation or proceeding of or before any arbitrator or
Governmental Authority is pending or, to the knowledge of the Company,
threatened by or against the Company or any of its Subsidiaries or against any
of their respective properties or revenues (a) with respect to any of the Loan
Documents or any of the transactions contemplated hereby or thereby, or (b) that
could reasonably be expected to have a Material Adverse Effect.
Section 4.07. No Default. Neither the Company nor any of its Subsidiaries is in
default under or with respect to any of its Contractual Obligations in any
respect that could reasonably be expected to have a Material Adverse Effect. No
Default or Event of Default has occurred and is continuing.
Section 4.08. Ownership of Property; Liens. Each of the Company and its
Subsidiaries has title in fee simple to, or a valid leasehold interest in, all
its material real property, and good title to, or a valid leasehold interest in,
all its other material tangible Property, and none of such Property is subject
to any Lien except as permitted by Section 7.03.

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Section 4.09. Intellectual Property. Except as described on Schedule 4.09, the
Company and each of its Subsidiaries owns, or is licensed to use, all
Intellectual Property necessary for the conduct of its business as currently
conducted in all material respects. Except as described on Schedule 4.09, no
claim has been asserted in writing to the Company or any of its Subsidiaries and
is pending by any Person challenging or questioning the use of any such
Intellectual Property or the validity or effectiveness of any such Intellectual
Property, nor does the Company know of any valid basis for any such claim, in
each case, that could reasonably be expected to have a Material Adverse Effect.
Except as described on Schedule 4.09, the use of Intellectual Property by the
Company and its Subsidiaries does not infringe on the Intellectual Property
rights of any Person in any manner that, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect.
Section 4.10. Taxes. Each of the Company and its Subsidiaries has filed or
caused to be filed all Federal and state income tax returns and other material
tax returns that are required to be filed and has paid all taxes shown to be due
and payable on said returns or on any material assessments made against it or
any of its Property and all other material taxes, fees or other charges imposed
on it or any of its Property by any Governmental Authority (other than any
amount the validity of which is currently being contested in good faith by
appropriate proceedings and with respect to which reserves in conformity with
GAAP have been provided on the books of the Company or its Subsidiaries, as the
case may be); and no tax Lien has been filed (other than Liens permitted under
Section 7.03(a)), and, to the knowledge of the Company, no claim is being
asserted, with respect to any such tax, fee or other charge (other than any
amount the validity of which is currently being contested in good faith by
appropriate proceedings and with respect to which reserves in conformity with
GAAP have been provided on the books of the Company or its Subsidiaries, as the
case may be).
Section 4.11. Federal Regulations. No part of the proceeds of any Loans, and no
other extensions of credit hereunder, will be used, whether directly or
indirectly, and whether immediately, incidentally or ultimately, for
“purchasing” or “carrying” any “margin stock” within the respective meanings of
each of the quoted terms under Regulation U as now and from time to time
hereafter in effect or for any purpose that violates or is inconsistent with the
provisions of the Regulations of the Board. If requested by any Lender or the
Administrative Agent, each Borrower will furnish to the Administrative Agent and
each Lender a statement to the foregoing effect in conformity with the
requirements of FR Form G 3 or FR Form U 1 referred to in Regulation U. None of
the Company or any of its Subsidiaries is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose of
buying or carrying “margin stock”.
Section 4.12. Labor Matters. There are no strikes or other labor disputes
against the Company or any of its Subsidiaries pending or, to the knowledge of
the Company, threatened that (individually or in the aggregate) could reasonably
be expected to have a Material Adverse Effect. Hours worked by and payment made
to employees of the Company and its Subsidiaries have not been in violation of
the Fair Labor Standards Act or any other applicable Requirement of Law dealing
with such matters that (individually or in the aggregate) could reasonably be
expected to have a Material Adverse Effect. All payments due from the Company or
any of its Subsidiaries on account of employee health and welfare insurance that
(individually or in the

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aggregate) could reasonably be expected to have a Material Adverse Effect if not
paid have been paid or accrued as a liability on the books of the Company or the
relevant Subsidiary.
Section 4.13. ERISA. Neither a Reportable Event nor an ERISA Event has occurred
during the five year period prior to the date on which this representation is
made or deemed made with respect to any applicable Plan that is not a
Multiemployer Plan, and each Plan has complied in all material respects with the
applicable provisions of ERISA and the Code. No termination of a Single Employer
Plan has occurred other than pursuant to a standard termination under Title IV
of ERISA, and no Lien in favor of the PBGC or a Plan has arisen on the assets of
the Company and remains in force, during such five-year period. The present
value of all accrued benefits under each Single Employer Plan (based on those
assumptions used to fund such Plans) did not, as of the last annual valuation
date prior to the date on which this representation is made or deemed made,
exceed the value of the assets of such Plan allocable to such accrued benefits
by a material amount. Neither the Company nor any Commonly Controlled Entity has
had a complete or partial withdrawal from any Multiemployer Plan that has
resulted or could reasonably be expected to result in a material liability under
ERISA, and neither the Company nor any Commonly Controlled Entity would become
subject to any material liability under ERISA if the Company or any such
Commonly Controlled Entity were to withdraw completely from all Multiemployer
Plans as of the valuation date most closely preceding the date on which this
representation is made or deemed made. No such Multiemployer Plan is in
Reorganization or Insolvent.
Section 4.14. Investment Company Act. No Loan Party is an “investment company”,
or a company “controlled” by an “investment company”, within the meaning of the
Investment Company Act of 1940, as amended.
Section 4.15. Subsidiaries. (a) The Subsidiaries listed on Schedule 4.15(a)
constitute all the Subsidiaries of the Company as of the Amendment Effective
Date. Schedule 4.15(a) sets forth as of the Amendment Effective Date the name
and jurisdiction of formation of each Subsidiary and, as to each Subsidiary, the
percentage of each class of Capital Stock owned by each Loan Party.
(b)        As of the Amendment Effective Date there are no outstanding
subscriptions, options, warrants, calls, rights or other agreements or
commitments (other than warrants, options, restricted stock units, restricted
stock, phantom stock units, stock appreciation rights or other similar
securities or rights granted to current or former employees, officers,
consultants or directors and directors’ qualifying shares) of any nature
relating to any Capital Stock of the Company or any Subsidiary, except as
disclosed on Schedule 4.15(b).
Section 4.16. Environmental Matters. Other than exceptions to any of the
following that could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect:
(a)        The Company and its Subsidiaries: (i) are, and within the period of
all applicable statutes of limitation have been, in compliance with all
applicable Environmental Laws; (ii) hold all Environmental Permits (each of
which is in full force and effect) required for any of their

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current or intended operations or for any property owned, leased, or otherwise
operated by any of them; (iii) are, and within the period of all applicable
statutes of limitation have been, in compliance with all of their Environmental
Permits and (iv) reasonably believe that: each of their required Environmental
Permits will be timely renewed and complied with, without material expense; any
additional Environmental Permits that may be required of any of them will be
timely obtained and complied with, without material expense; and compliance with
any Environmental Law that is or is expected to become applicable to any of them
will be timely attained and maintained, without material expense;
(b)        Materials of Environmental Concern are not present at, on, under, in,
from or about any real property now or formerly owned, leased or operated by the
Company or any of its Subsidiaries, or at any other location (including, without
limitation, any location to which Materials of Environmental Concern have been
sent for re-use or recycling or for treatment, storage, or disposal) which could
reasonably be expected to (i) give rise to liability of the Company or any of
its Subsidiaries under any applicable Environmental Law or otherwise result in
costs to the Company or any of its Subsidiaries, or (ii) interfere with the
Company’s or any of its Subsidiaries’ continued operations, or (iii) impair the
fair saleable value of any real property owned or leased by the Company or any
of its Subsidiaries;
(c)        There is no judicial, administrative, or arbitral proceeding
(including any notice of violation or alleged violation) under or relating to
any Environmental Law to which the Company or any of its Subsidiaries is, or to
the knowledge of the Company or any of its Subsidiaries will be, named as a
party that is pending or, to the knowledge of the Company or any of its
Subsidiaries, threatened;
(d)        Neither the Company nor any of its Subsidiaries has received any
written request for information, or been notified that it is a potentially
responsible party under or relating to the federal Comprehensive Environmental
Response, Compensation, and Liability Act or any similar Environmental Law, or
with respect to any Materials of Environmental Concern;
(e)        Neither the Company nor any of its Subsidiaries has entered into or
agreed to any consent decree, order, or settlement or other agreement, or is
subject to any judgment, decree, or order or other agreement, in any judicial,
administrative, arbitral, or other forum for dispute resolution, relating to
compliance with or liability under any Environmental Law; and
(f)        Neither the Company nor any of its Subsidiaries has assumed or
retained, by contract or operation of law, any liabilities of any kind, fixed or
contingent, known or unknown, under any Environmental Law or with respect to any
Material of Environmental Concern.
Section 4.17. Accuracy of Information, Etc. No statement or information
contained in this Agreement, any other Loan Document, the Lender Presentation or
any other document, certificate or statement furnished to the Administrative
Agent or the Lenders or any of them, taken as a whole, by or on behalf of any
Loan Party for use in connection with the transactions contemplated by this
Agreement or the other Loan Documents, contained as of the date such statement,
information, document or certificate was so furnished (or, in the case of the
Lender Presentation, as of the Amendment Effective Date), any untrue statement
of a material fact or

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omitted to state a material fact necessary to make the statements contained
herein or therein not misleading, when taken as a whole. The projections and pro
forma financial information contained in the materials referenced above are
based upon good faith estimates and assumptions believed by management of the
Company to be reasonable at the time made, it being recognized that such
financial information as it relates to future events is not to be viewed as fact
and that actual results during the period or periods covered by such financial
information may differ from the projected results set forth therein by a
material amount. As of the Amendment Effective Date, there is no fact known to
any Responsible Officer that could reasonably be expected to have a Material
Adverse Effect that has not been disclosed herein, in the other Loan Documents,
in the Lender Presentation or in other documents, certificates and statements
furnished by the Loan Parties to the Agents and the Lenders for use in
connection with the transactions contemplated hereby and by the other Loan
Documents.
Section 4.18. Security Documents. (a) The Guarantee and Collateral Agreement is
effective to create in favor of the Collateral Agent, for the benefit of the
Secured Parties, a legal, valid and enforceable security interest in the
Collateral described therein and proceeds thereof. Subject to Section 4.02(b) of
the Guarantee and Collateral Agreement, in the case of the Pledged Stock
represented by certificates described in the Guarantee and Collateral Agreement,
when any stock certificates representing such Pledged Stock are delivered to the
Collateral Agent, and in the case of the other Collateral described in the
Guarantee and Collateral Agreement (other than Intellectual Property (as defined
in the Guarantee and Collateral Agreement)), when financing statements in
appropriate form are duly completed and filed in the offices specified on
Schedule 4.18(a) and such other filings as are specified on Schedule 3 to the
Guarantee and Collateral Agreement have been completed, the Guarantee and
Collateral Agreement shall constitute a fully perfected Lien on, and security
interest in, all right, title and interest of the Loan Parties party to the
Guarantee and Collateral Agreement in such Collateral and the proceeds thereof,
as security for the Obligations (as defined in the Guarantee and Collateral
Agreement), in each case prior and superior in right to any other Person
(except, in the case of Collateral other than Pledged Stock, Liens permitted by
Section 7.03), in each case to the extent security interests in such Collateral
may be perfected by delivery of such certificates representing Pledged Stock or
such filings.
(b)        Upon the recordation of the Guarantee and Collateral Agreement (or a
short-form security agreement in form and substance reasonably satisfactory to
the Company and the Collateral Agent) with the United States Patent and
Trademark Office and the United States Copyright Office, together with the
financing statements in appropriate form filed in the offices specified on
Schedule 4.18(a), the Lien created under the Guarantee and Collateral Agreement
shall constitute a fully perfected Lien on, and security interest in, all right,
title and interest of the Loan Parties party to the Guarantee and Collateral
Agreement in the Recordable Intellectual Property in which a security interest
may be perfected by filing in the United States and its territories and
possessions, in each case prior and superior in right to any other Person, other
than with respect to Liens expressly permitted by Section 7.03.
(c)        Each Mortgage (when duly executed and delivered) shall be effective
to create in favor of the Collateral Agent, for the benefit of the Secured
Parties, a legal, valid and enforceable

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Lien on, and security interest in, all right, title and interest of the Loan
Parties in and to the Mortgaged Property described therein and proceeds thereof;
and when such Mortgage is filed in the recording office designated by the
Company, such Mortgage shall constitute a fully perfected Lien on, and security
interest in, all right, title and interest of the Loan Parties in and to the
Mortgaged Property described therein and the proceeds thereof, as security for
the Obligations (as defined in such Mortgage), in each case prior and superior
in right to any other Person (other than Persons holding Liens or other
encumbrances or rights permitted by such Mortgage or Section 7.03). Schedule
4.18(c) lists, as of the Amendment Effective Date, each parcel of owned real
property located in the United States and held by the Company or any of its
Domestic Subsidiaries that has a value, in the reasonable opinion of the
Company, in excess of $4,400,000.
Section 4.19. Solvency. As of the Amendment Effective Date, each Loan Party is,
and after giving effect to the incurrence of all Indebtedness and obligations
being incurred in connection herewith, will be and will continue to be, Solvent.
Section 4.20. Sanctioned Persons. None of the Company or any Subsidiary nor, to
the knowledge of the Company, any director, officer, agent, employee or
controlled Affiliate of the Company or any Subsidiary is currently subject to
any U.S. sanctions administered by the Office of Foreign Assets Control of the
U.S. Treasury Department (“OFAC”); and the Company will not directly or
indirectly use the proceeds of the Loans or the Letters of Credit, or otherwise
make available such proceeds to any Person, for the purpose of financing the
activities of any Person currently subject to any U.S. sanctions administered by
OFAC.
Section 4.21. Foreign Corrupt Practices Act. Each of the Company and its
Subsidiaries and, to the knowledge of the Company, after due inquiry, each of
their respective directors, officers, agents, employees, and any person acting
for or on behalf of the Company or its Subsidiaries, has complied with, and will
comply with, the U.S. Foreign Corrupt Practices Act, as amended from time to
time (the “FCPA”), or any other applicable anti­bribery or anti­corruption law,
and neither the Company or any of its Subsidiaries, nor, to the knowledge of the
Company after due inquiry, any of their respective directors, officers, agents,
employees, or any person acting for or on behalf of them have made, offered,
promised, or authorized, or will make, offer, promise, or authorize, whether
directly or indirectly, any payment, of anything of value to: (i) an executive,
official, employee or agent of a governmental department, agency or
instrumentality, (ii) a director, officer, employee or agent of a wholly or
partially government‑owned or -controlled company or business, (iii) a political
party or official thereof, or candidate for political office, or (iv) an
executive, official, employee or agent of a public international organization
(e.g., the International Monetary Fund or the World Bank) (“Governmental
Official”); while knowing or having a reasonable belief that all or some portion
will be used for the purpose of: (a) influencing any act, decision or failure to
act by a Governmental Official in his or her official capacity, (b) inducing a
Governmental Official to use his or her influence with a government or
instrumentality to affect any act or decision of such government or entity, or
(c) securing an improper advantage; in order to obtain, retain, or direct
business.
Section 4.22. Insurance. The Company and its Subsidiaries have insurance in such
amounts and covering such risks and liabilities as are in accordance with normal
industry

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practice, and, as of the Amendment Effective Date, such insurance is in full
force and effect and all premiums have been duly paid.
Section 4.23. Use of Proceeds. The Borrowers will use the proceeds of the Loans
and will request the issuance of Letters of Credit only for the purposes
specified in Section 6.10.
ARTICLE 5
CONDITIONS PRECEDENT
Section 5.01. Conditions to Effectiveness of this Agreement. The conditions to
effectiveness of the amendment and restatement of the Existing Credit Agreement
in the form of this Agreement, and to the extensions of credit occurring on the
Amendment Effective Date, are set forth in Section 6 of the Amendment Agreement.
Section 5.02. Conditions to each Extension of Credit. The agreement of each
Lender to make any extension of credit (other than pursuant to Section 3.05 or a
continuation or conversion of a Loan in accordance with the terms of this
Agreement) requested to be made by it hereunder on any date (including, without
limitation, its initial extension of credit) is subject to the satisfaction of
the following conditions precedent:
(a)        Representations and Warranties. Each of the representations and
warranties made by any Loan Party in or pursuant to the Loan Documents shall be
true and correct in all material respects (except that any representation and
warranty that is qualified by materiality shall be true and correct in all
respects) on and as of such date as if made on and as of such date (except to
the extent such representations and warranties are specifically made as of a
particular date, in which case such representations and warranties shall be true
and correct in all material respects (except that any representation and
warranty that is qualified by materiality shall be true and correct in all
respects) as of such date).
(b)        No Default. No Default or Event of Default shall have occurred and be
continuing on such date or after giving effect to the extensions of credit
requested to be made on such date.
(c)        Notice. The Administrative Agent shall have received a notice
requesting such extension of credit to the extent required hereunder.
Each borrowing (other than pursuant to Section 3.05 or a continuation or
conversion of a Loan in accordance with the terms of this Agreement) by and
issuance of a Letter of Credit on behalf of any Borrower hereunder shall
constitute a representation and warranty by the Company as of the date of such
extension of credit that the conditions contained in paragraphs (a) and (b) of
this Section 5.02 have been satisfied.
ARTICLE 6
AFFIRMATIVE COVENANTS

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The Company hereby agrees that, so long as the Commitments remain in effect, any
Letter of Credit remains outstanding or any Loan or other amount is owing to any
Lender or any Agent hereunder or under any other Loan Document, the Company
shall and shall cause its Subsidiaries to:
Section 6.01. Financial Statements. Furnish to the Administrative Agent (on
behalf of the Lenders):
(a)        promptly after available, but in any event within 90 days after the
end of each fiscal year of the Company, a copy of the audited consolidated
balance sheet of the Company and its consolidated Subsidiaries as at the end of
such year and the related audited consolidated statements of income and of cash
flows for such year, setting forth in each case in comparative form the figures
as of the end of and for the previous year, reported on without a “going
concern” or like qualification or exception, or qualification arising out of the
scope of the audit, by Deloitte & Touche LLP or other independent certified
public accountants of nationally recognized standing; and
(b)        promptly after available, but in any event not later than 45 days
after the end of each of the first three fiscal quarterly periods of each fiscal
year of the Company, the unaudited consolidated (i) balance sheet of the Company
and its consolidated Subsidiaries as at the end of such quarter, (ii) statements
of income for such quarter and the portion of the fiscal year through the end of
such quarter and (iii) statements of cash flows for the portion of the fiscal
year through the end of such quarter, setting forth in the case of clause (i) in
comparative form the figures as of the end of the previous fiscal year and in
the case of clauses (ii) and (iii) in comparative form the figures for the
corresponding periods in the previous fiscal year, certified by a Responsible
Officer as being fairly stated in all material respects (subject to normal year
end audit adjustments);
all such financial statements to be complete and correct in all material
respects and to be prepared in reasonable detail and in accordance with GAAP
applied consistently throughout the periods reflected therein and with prior
periods (except as approved by such accountants or officer, as the case may be,
and disclosed therein).
Section 6.02. Certificates; Other Information. Furnish to the Administrative
Agent (on behalf of the Lenders):
(a)        concurrently with the delivery of the financial statements referred
to in Section 6.01(a), a certificate of the independent certified public
accountants reporting on such financial statements stating that in making the
examination necessary therefor no knowledge was obtained of any Event of
Default, except as specified in such certificate (it being understood that such
certificate shall be limited to the items that independent certified public
accountants customarily cover in such certificates pursuant to their
professional standards and customs of the profession);
(b)        concurrently with the delivery of any financial statements pursuant
to Section 6.01, (i) a certificate of a Responsible Officer stating that, to the
best of such Responsible Officer’s knowledge, each Loan Party during such period
has observed or performed all of its

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covenants and other agreements, and satisfied every condition, contained in this
Agreement and the other Loan Documents to which it is a party to be observed,
performed or satisfied by it, and that such Responsible Officer has obtained no
knowledge of any Default or Event of Default except as specified in such
certificate, (ii) (x) a Compliance Certificate containing all information and
calculations necessary for determining compliance by the Company and its
Subsidiaries with the Financial Covenant as of the last day of the fiscal
quarter or fiscal year of the Company, as the case may be and setting forth in
reasonable detail the amount of (and the calculations required to establish the
amount of) the Available Amount at the end of such fiscal quarter or year, as
the case may be (which calculations also include the amount of transactions
effected pursuant to Section 7.06(h), Section 7.07(o) or 7.08(a) (in each case,
to the extent utilizing the Available Amount) and (y) to the extent not
previously disclosed to the Administrative Agent, a listing of any Recordable
Intellectual Property acquired by any Loan Party since the date of the most
recent list delivered pursuant to this clause (y) (or, in the case of the first
such list so delivered, since the Original Closing Date) (and concurrently with
or promptly after delivery of such certificate, the Company shall deliver or
cause to be delivered signed Intellectual Property Security Agreements with
respect to any Recordable Intellectual Property listed thereon) and (iii) in the
case of a certificate delivered concurrently with the delivery of the financial
statements referred to in Section 6.01(a), beginning with the fiscal year ending
January 31, 2015, such certificate shall also set forth the Company’s
calculation of Excess Cash Flow;
(c)        promptly after available, and in any event no later than 90 days
after the end of each fiscal year of the Company, a reasonably detailed
consolidated budget for the following fiscal year (including a projected
consolidated balance sheet of the Company and its Subsidiaries as of the end of
the following fiscal year, and the related consolidated statements of projected
cash flow, projected changes in financial position and projected income and a
description of the underlying assumptions applicable thereto), and, promptly
after available, significant revisions, if any, of such budget and projections
with respect to such fiscal year (collectively, the “Projections”), which
Projections shall in each case be accompanied by a certificate of a Responsible
Officer stating that such Projections are based on reasonable estimates,
information and assumptions and that such Responsible Officer has no reason to
believe that such Projections are incorrect or misleading in any material
respect;
(d)        within 45 days (or, in the case of the fourth fiscal quarter of any
fiscal year, 90 days) after the end of each fiscal quarter of the Company, a
narrative discussion and analysis of the financial condition and results of
operations of the Company and its Subsidiaries for such fiscal quarter and for
the period from the beginning of the then current fiscal year to the end of such
fiscal quarter, as compared to the comparable periods of the previous fiscal
year;
(e)        within five days after the same are sent, copies of all financial
statements and reports that the Company generally sends to the holders of any
class of its debt securities or public equity securities and, within five days
after the same are filed, copies of all financial statements and reports that
the Company may make to, or file with, the SEC;
(f)        promptly after the request by any Lender through the Administrative
Agent, all documentation and other information that such Lender reasonably
requests in order to comply

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with its ongoing obligations under applicable “know your customer” and
anti-money laundering rules and regulations, including the USA PATRIOT Act;
(g)        to the extent required under Section 6.05, annual renewals of any
flood insurance policy or force-placed flood insurance policy; and
(h)        promptly, from time to time, such other information regarding the
operations, business affairs and financial condition of the Company or any
Subsidiary, or compliance with the terms of any Loan Document, as the
Administrative Agent or any Lender through the Administrative Agent may
reasonably request; provided that neither the Company nor any of its
Subsidiaries shall be required to furnish such other information to the extent
that the Company or such Subsidiary has determined in good faith that it is
prohibited from furnishing such other information by a Requirement of Law or a
Contractual Obligation (it being understood and agreed that this Section 6.02(h)
shall not be applied to augment the periodic reporting obligations of the
Company under this Agreement).
As to any information contained in materials furnished pursuant to Section
6.02(e), the Company shall not be separately required to furnish such
information under paragraph (a), (b) or (d) above, but the foregoing shall not
be in derogation of the obligation of the Company to furnish the information and
materials described in paragraphs (a), (b) and (d) above at the times specified
therein. Documents required to be delivered pursuant to Section 6.01(a) or (b)
or Section 6.02(a), (b), (d) or (e) (to the extent any such documents are
included in materials otherwise filed with the SEC) may be delivered
electronically and shall be deemed to have been delivered on the date (i) on
which the Company posts such documents, or provides a link thereto, on the
Company’s website on the Internet and gives written notice thereof to the
Administrative Agent; or (ii) on which such documents are posted on a U.S.
government website or on the Company’s behalf on an Internet or intranet
website, if any, in each case, to which the Administrative Agent has access
(whether a commercial, third-party website or whether sponsored by the
Administrative Agent).
Section 6.03. Payment of Taxes. Pay, discharge or otherwise satisfy at or before
maturity or before they become delinquent, as the case may be, all its material
obligations and liabilities in respect of taxes, assessments and governmental
charges or levies imposed upon it or upon its income or profits or in respect of
its property, except where the amount or validity thereof is currently being
contested in good faith by appropriate proceedings and reserves in conformity
with GAAP with respect thereto have been provided on the books of the Company or
its Subsidiaries, as the case may be.
Section 6.04. Conduct of Business and Maintenance of Existence; Compliance. (a)
(i) Preserve, renew and keep in full force and effect its organizational
existence; provided this Section 6.04(a)(i) shall not limit or restrict the
conversion of the legal structure of the Company or any of its Subsidiaries,
which is a corporation as of the Amendment Effective Date, into a limited
liability company organized under the laws of any state in the United States and
provided all filings and joinders contemplated by the Guarantee and Collateral
Agreement are satisfied prior to the date of such conversion, (ii) take all
reasonable action to maintain all rights, privileges and franchises necessary or
desirable in the normal conduct of its business, except, in

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each case, as otherwise permitted by Section 7.04 and except, in the case of
clause (ii) above, to the extent that failure to do so, in the aggregate, could
not reasonably be expected to have a Material Adverse Effect; and (b) comply
with all Contractual Obligations and Requirements of Law (including, without
limitation ERISA, the USA PATRIOT Act, the FCPA and all applicable Environmental
Laws) (i) in the case of the USA PATRIOT Act and the FCPA, in all material
respects and (ii) in the case of all Contractual Obligations and all other
Requirements of Law (other than the USA PATRIOT Act or the FCPA), except to the
extent that failure to comply therewith could not, in the aggregate, reasonably
be expected to have a Material Adverse Effect.
Section 6.05. Maintenance of Property; Insurance. (a) Keep all material Property
and systems necessary in its business in good working order and condition,
ordinary wear and tear excepted, (b) maintain with financially sound and
reputable insurance companies insurance on all its Property in at least such
amounts and against at least such risks (but including in any event public
liability, product liability and business interruption) as are usually insured
against in the same general area by companies engaged in the same or a similar
business and (c) notwithstanding anything herein to the contrary, with respect
to each Mortgaged Property, if at any time the area in which the buildings and
other improvements (as described in the applicable Mortgage) are located is
designated a “flood hazard area” in any Flood Insurance Rate Map published by
the Federal Emergency Management Agency (or any successor agency), obtain flood
insurance in such reasonable total amount as the Collateral Agent may from time
to time reasonably require, and otherwise to ensure compliance with the NFIP as
set forth in the Flood Laws. Following the Original Closing Date, the Company
shall deliver to the Collateral Agent annual renewals of each flood insurance
policy or annual renewals of each force-placed flood insurance policy required
pursuant to any Loan Document, as applicable. In connection with any amendment
to this Agreement pursuant to which any increase, extension, or renewal of Loans
is contemplated, the Company shall cause to be delivered to the Collateral Agent
for any Mortgaged Property, a Flood Determination Form, Company Notice and
Evidence of Flood Insurance, as applicable.
Section 6.06. Inspection of Property; Books and Records; Discussions;
Maintenance of Ratings. (a) (i) Keep proper books of records and account in
which true and correct entries in conformity with GAAP and all Requirements of
Law shall be made of all dealings and transactions in relation to its business
and activities and (ii) permit the Administrative Agent or any representatives
thereof and, after the occurrence and during the continuance of an Event of
Default, the Administrative Agent and representatives of the Administrative
Agent or any Lender, to visit and inspect any of its properties and examine and
make abstracts from any of its books and records at any reasonable time and as
often as may reasonably be desired and to discuss the business, operations,
properties and financial and other condition of the Company and its Subsidiaries
with officers and employees of the Company and its Subsidiaries and with its
independent certified public accountants; provided that unless an Event of
Default shall have occurred and be continuing, (x) the Administrative Agent and
its representatives shall not have the right to make visits or inspections on
more than one occasion during any fiscal quarter and (y) no more than two visits
by the Administrative Agent or its representatives or the representative of any
Lender in any fiscal year shall be at the expense of the Company.

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(b)        Use commercially reasonable efforts to cause the Facilities to be
continuously rated by S&P and Moody’s on a public basis, and use commercially
reasonable efforts to maintain a public corporate rating from S&P and a public
corporate family rating from Moody’s, in each case in respect of the Company.
Section 6.07. Notices. Promptly give notice to the Administrative Agent (on
behalf of the Lenders) of:
(a)        the occurrence of any Default or Event of Default;
(b)        any (i) default or event of default under any Contractual Obligation
of the Company or any of its Subsidiaries (and in the case of any such default
or event of default other than by the Company or any of its Subsidiaries, which
the Company has actual knowledge of) or (ii) litigation, investigation or
proceeding which may exist at any time between the Company or any of its
Subsidiaries and any Governmental Authority, that in the case of either (i) or
(ii) of this clause (b) could reasonably be expected to have a Material Adverse
Effect;
(c)        any litigation or proceeding directly affecting the Company or any of
its Subsidiaries (i) which, individually or in the aggregate, has had, or could
reasonably be expected to have, a Material Adverse Effect or (ii) which relates
to any Loan Document;
(d)        the following events, as soon as possible and in any event within 30
days after the Company knows or has reason to know thereof: (i) the occurrence
of any Reportable Event with respect to any Plan that is a Single Employer Plan,
a failure to make any required contribution to a Plan, the creation of any Lien
in favor of the PBGC or a Plan on the assets of the Company or any withdrawal by
the Company or any Commonly Controlled Entity from, or the termination,
Reorganization or Insolvency of, any Multiemployer Plan or (ii) the institution
of proceedings or the taking of any other action by the PBGC or the Company or
any Commonly Controlled Entity or any Multiemployer Plan with respect to the
withdrawal from, or the termination, Reorganization or Insolvency of, any Plan
or Multiemployer Plan;
(e)        any change in the Company’s corporate rating by S&P, in the Company’s
corporate family rating by Moody’s or in the ratings of the Facilities by S&P or
Moody’s, or any written notice from either such agency to the Company indicating
its intent to effect such a change or to place the Company or the Facilities on
a “CreditWatch” or “WatchList” or any similar list, in each case with negative
implications, or its cessation of, or its intent to cease, rating the Company or
the Facilities; and
(f)        any development or event that has had or could reasonably be expected
to have a Material Adverse Effect.
Each notice pursuant to this Section 6.07 shall be accompanied by a statement of
a Responsible Officer setting forth details of the occurrence referred to
therein and stating what action, if any, the Company or the relevant Subsidiary
proposes to take with respect thereto.
Section 6.08. Additional Collateral, Etc. (a) With respect to any Property
acquired after the Original Closing Date by the Company or any of its
Subsidiaries (other than (w) any interest

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in real property or any Property described in paragraph (c) of this Section
6.08, (x) any Property subject to a Lien permitted by Section 7.03(g), (y)
Property acquired by an Excluded Domestic Subsidiary and (z) Property acquired
by or Capital Stock in an Excluded Foreign Subsidiary) as to which the
Collateral Agent, for the benefit of the Secured Parties, does not have a
perfected Lien, promptly (i) execute and deliver to the Collateral Agent such
amendments to the Guarantee and Collateral Agreement (and, for any Foreign
Subsidiary Guarantor, such other Security Documents to which it is a party) and
such other documents (including intellectual property security agreements) as
the Collateral Agent reasonably deems necessary or advisable to grant to the
Collateral Agent, for the benefit of the Secured Parties, a security interest in
such Property (to the extent such Property is of a type that would constitute
Collateral as described in the Guarantee and Collateral Agreement or other
Security Documents to which any Foreign Subsidiary Guarantor is a party) and
(ii) take all actions necessary or advisable to grant to the Collateral Agent,
for the benefit of the Secured Parties, a perfected first priority security
interest (subject, except in the case of the pledge of any Subsidiary Capital
Stock, to Liens permitted by Section 7.03) in such Property (to the extent
required by the Guarantee and Collateral Agreement or other Security Documents
to which any Foreign Subsidiary Guarantor is a party), including without
limitation, the filing of Uniform Commercial Code financing statements and
equivalent filings in other jurisdictions and/or intellectual property security
agreements in such jurisdictions as may be required by the Guarantee and
Collateral Agreement or other Security Documents to which any Foreign Subsidiary
Guarantor is a party or by law or as may be reasonably requested by the
Collateral Agent.
(b)        With respect to any fee simple interest in any real property having a
value (together with improvements thereof) of at least $4,400,000 acquired after
the Original Closing Date by the Company or any of its Subsidiaries (other than
any such real property owned by an Excluded Domestic Subsidiary, an Excluded
Foreign Subsidiary or subject to a Lien permitted by Section 7.03(g)), promptly
(i) execute and deliver a first priority Mortgage in favor of the Collateral
Agent, for the benefit of the Secured Parties, covering such real property, (ii)
if requested by the Collateral Agent, provide the Lenders with (x) title and
extended coverage insurance covering such real property in an amount at least
equal to the purchase price of such real property (or such other amount as shall
be reasonably specified by the Collateral Agent) as well as a current ALTA
survey thereof, together with a surveyor’s certificate and (y) any consents or
estoppels reasonably deemed necessary or advisable by the Collateral Agent in
connection with such Mortgage, each of the foregoing in form and substance
reasonably satisfactory to the Collateral Agent (or equivalent documents, if
any, to the extent relevant in the jurisdiction of organization of any Foreign
Subsidiary Guarantor or the jurisdiction where such real property is located)
and (iii) if requested by the Collateral Agent, deliver to the Collateral Agent
legal opinions relating to the matters described above, which opinions shall be
in form and substance, and from counsel, reasonably satisfactory to the
Collateral Agent. No later than three Business Days prior to the date on which a
Mortgage is executed and delivered pursuant to this Section 6.08(b), in order to
comply with the Flood Laws, the Collateral Agent shall have received the
following documents (collectively, the “Flood Documents”): (A) a completed
standard “life of loan” flood hazard determination form (a “Flood Determination
Form”), (B) if the improvement(s) to the applicable improved real property is
located in a special flood hazard area, a notification to the Company (“Company
Notice”) and (if applicable) notification to the

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Company that flood insurance coverage under the National Flood Insurance Program
(“NFIP”) is not available because the community does not participate in the
NFIP, (C) documentation evidencing the Company’s receipt of the Company Notice
(e.g., countersigned Company Notice, return receipt of certified U.S. Mail, or
overnight delivery), and (D) if the Company Notice is required to be given and
flood insurance is available in the community in which the property is located,
a copy of one of the following: the flood insurance policy, the Company’s
application for a flood insurance policy plus proof of premium payment, a
declaration page confirming that flood insurance has been issued, or such other
evidence of flood insurance satisfactory to the Collateral Agent (any of the
foregoing being “Evidence of Flood Insurance”) (or equivalent documents, if any,
to the extent relevant in the jurisdiction of organization of any Foreign
Subsidiary Guarantor or the jurisdiction where such real property is located).
(c)        With respect to any new Subsidiary (other than an Excluded Foreign
Subsidiary) created or acquired after the Original Closing Date (which, for the
purposes of this paragraph, shall include any existing Subsidiary that ceases to
be an Excluded Foreign Subsidiary), by the Company or any of its Subsidiaries
(other than by an Excluded Domestic Subsidiary), promptly (i) execute and
deliver to the Collateral Agent such amendments to the Guarantee and Collateral
Agreement (and, for any Foreign Subsidiary Guarantor, such other Security
Documents to which it is a party) as the Collateral Agent deems necessary or
advisable to grant to the Collateral Agent, for the benefit of the Secured
Parties, a perfected first priority security interest in the Capital Stock of
such new Subsidiary that is owned by the Company or any of its Subsidiaries,
(ii) deliver to the Collateral Agent the certificates representing such Capital
Stock, together with undated stock powers, in blank, executed and delivered by a
duly authorized officer of the Company or such Subsidiary, as the case may be,
(iii) cause such new Subsidiary (A) to become a party to the Guarantee and
Collateral Agreement (and, for any Foreign Subsidiary Guarantor, such other
Security Documents to which it is to be a party) and (B) to take such actions
necessary or advisable to grant to the Collateral Agent for the benefit of the
Secured Parties a perfected first priority security interest (subject, except in
the case of the pledge of any Subsidiary Capital Stock, to Liens permitted by
Section 7.03) in the Collateral described in the Guarantee and Collateral
Agreement (and, for any Foreign Subsidiary Guarantor, such other Security
Documents to which it is a party) with respect to such new Subsidiary to the
extent required by the Guarantee and Collateral Agreement (and, for any Foreign
Subsidiary Guarantor, such other Security Documents to which it is a party),
including, without limitation, the filing of Uniform Commercial Code financing
statements and equivalent filings in other relevant jurisdictions and
intellectual property security agreements in such jurisdictions as may be
required by the Guarantee and Collateral Agreement, or such other Security
Documents to which any Foreign Subsidiary Guarantor is a party, or by law or as
may be requested by the Collateral Agent, and (iv) if requested by the
Collateral Agent, deliver to the Collateral Agent legal opinions relating to the
matters described above, which opinions shall be in form and substance, and from
counsel, reasonably satisfactory to the Collateral Agent.
(d)        With respect to any new Excluded Foreign Subsidiary (other than any
De Minimis Excluded Foreign Subsidiary) created or acquired after the Original
Closing Date by the Company or any of its Subsidiaries (which, for the purposes
of this paragraph, shall include any existing Subsidiary that ceases to be a De
Minimis Excluded Foreign Subsidiary) (other than any

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Excluded Foreign Subsidiaries), promptly (i) execute and deliver to the
Collateral Agent such amendments to the Guarantee and Collateral Agreement (and,
for any Foreign Subsidiary Guarantor, such other Security Documents to which it
is a party) or such other documents as the Collateral Agent reasonably deems
necessary or advisable to grant to the Collateral Agent, for the benefit of the
Secured Parties, a perfected first priority security interest in the Capital
Stock of such new Subsidiary that is owned by the Company or any of its
Subsidiaries (other than any Excluded Foreign Subsidiaries) (provided that in no
event shall more than 65% of the total outstanding voting Capital Stock of any
such new Excluded Foreign Subsidiary be required to be so pledged), (ii) deliver
to the Collateral Agent the certificates representing such Capital Stock,
together with undated stock powers, in blank, executed and delivered by a duly
authorized officer of the Company or such Subsidiary, as the case may be, and
take such other action as may be necessary or, in the opinion of the Collateral
Agent, desirable to perfect the Lien of the Collateral Agent thereon, and (iii)
if requested by the Collateral Agent, deliver to the Collateral Agent legal
opinions relating to the matters described above, which opinions shall be in
form and substance, and from counsel, reasonably satisfactory to the Collateral
Agent.
Section 6.09. Further Assurances. From time to time execute and deliver, or
cause to be executed and delivered, such additional instruments, certificates or
documents, and take such actions, as the Administrative Agent or the Collateral
Agent may reasonably request for the purposes of implementing or effectuating
the provisions of this Agreement and the other Loan Documents, or of more fully
perfecting or renewing the rights of the Administrative Agent, the Collateral
Agent and the Lenders with respect to the Collateral (or with respect to any
additions thereto or replacements or proceeds thereof or with respect to any
other property or assets hereafter acquired by the Company or any Subsidiary
which may be deemed to be part of the Collateral) pursuant hereto or thereto.
Upon the exercise by the Administrative Agent, the Collateral Agent or any
Lender of any power, right, privilege or remedy pursuant to this Agreement or
the other Loan Documents which requires any consent, approval, recording,
qualification or authorization of any Governmental Authority, the Company will
execute and deliver, or will cause the execution and delivery of, all
applications, certifications, instruments and other documents and papers that
the Administrative Agent, the Collateral Agent or such Lender may be required to
obtain from the Company or any of its Subsidiaries for such governmental
consent, approval, recording, qualification or authorization.
Section 6.10. Use of Proceeds. The proceeds of the Term Loans shall be used
solely to refinance the Existing Debt, to pay related fees and expenses and for
working capital and general corporate purposes. The proceeds of the Revolving
Credit Loans and the Letters of Credit shall be used for working capital and
general corporate purposes.
ARTICLE 7
NEGATIVE COVENANTS
The Company hereby agrees that, so long as the Commitments remain in effect, any
Letter of Credit remains outstanding or any Loan or other amount is owing to any
Lender or any Agent hereunder or under any other Loan Document, the Company
shall not, and shall not permit any of its Subsidiaries to, directly or
indirectly:

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Section 7.01. Consolidated Leverage Ratio. Prior to the Revolving Credit
Termination Date, solely with respect to the Revolving Credit Facility,
beginning with the Test Period ending April 30, 2013, permit the Consolidated
Leverage Ratio as at the last day of any Test Period to exceed (i) in the case
of any Test Period ended on or before January 31, 2015, 5.00 to 1.00 and (ii)
thereafter, 4.50 to 1.00.
Section 7.02. Limitation on Indebtedness. Create, incur, assume or suffer to
exist any Indebtedness, except:
(a)        Indebtedness of any Loan Party pursuant to any Loan Document;
(b)        Indebtedness of the Company to any Subsidiary and of any Subsidiary
Guarantor to the Company or any other Subsidiary, in each case so long as any
such Indebtedness owing to a non-Loan Party is subordinated to the Obligations
pursuant to an Affiliate Subordination Agreement;
(c)        Indebtedness (including, without limitation, Capital Lease
Obligations) secured by Liens permitted by Section 7.03(g) and any Permitted
Refinancing thereof, in an aggregate principal amount not to exceed $22,000,000
at any one time outstanding;
(d)        Indebtedness outstanding on the Amendment Effective Date and listed
on Schedule 7.02(d) and any Permitted Refinancing thereof;
(e)        Guarantee Obligations of the Company or any of its Subsidiaries in
respect of Indebtedness permitted under this Section 7.02;
(f)        Indebtedness of any Subsidiary which is not a Subsidiary Guarantor to
any other Subsidiary which is not a Subsidiary Guarantor;
(g)        Indebtedness of any Subsidiary which is not a Subsidiary Guarantor to
the Company or any Subsidiary Guarantor to the extent constituting Investments
in such Subsidiary permitted under Section 7.07(i), (n) or (o);
(h)        Indebtedness incurred to finance deferred insurance premiums in the
ordinary course of business;
(i)        Indebtedness of any Subsidiary which is not a Subsidiary Guarantor;
provided that the aggregate principal amount of Indebtedness outstanding at any
one time pursuant to this clause shall not exceed $55,000,000;
(j)        unsecured or subordinated Indebtedness of the Company and any
Permitted Refinancing thereof, so long as (i) such Indebtedness and any
Permitted Refinancing thereof has no scheduled principal payments, prepayments
or maturity, or any mandatory prepayment, redemption or repurchase provisions or
sinking fund obligations (except customary ones, including in the context of
asset sales, casualty events or a change of control), in each case prior to the
date that is 90 days following the later of the Term Loan Maturity Date and the
latest maturity date of any Incremental Term Loans at the time of incurrence and
(ii) the other terms

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and conditions of such Indebtedness and any Permitted Refinancing thereof
(excluding pricing, premiums and optional prepayment or optional redemption
provisions), when taken as a whole, are not materially more restrictive on the
Company and the Subsidiaries than the terms and conditions applicable hereunder;
provided that at the time of the incurrence of such Indebtedness (x) no Default
or Event of Default exists or will exist after giving effect to incurrence of
such Indebtedness or the use of proceeds thereof and (y) the Company would at
the time of incurrence thereof be in compliance with the Incurrence Financial
Covenant, determined on a pro forma basis as of the last day of the most
recently ended fiscal quarter for which the Company’s consolidated financial
statements have been delivered hereunder; provided further that
(A) notwithstanding anything herein to the contrary, such Indebtedness shall not
at any time benefit from any guarantee other than an unsecured or subordinated
guarantee by one or more Subsidiary Guarantors and (B) if subordinated, such
Indebtedness and each such guarantee shall be subordinated in right of payment
to the Obligations on terms and pursuant to documentation reasonably
satisfactory to the Administrative Agent;
(k)        Permitted Acquisition Indebtedness and any Permitted Refinancing
thereof; provided that at the time such Indebtedness is assumed, the Company
would be in compliance with the Incurrence Financial Covenant, determined on a
pro forma basis as of the last day of the most recently ended fiscal quarter for
which the Company’s consolidated financial statements have been delivered
hereunder;
(l)        Indebtedness under Hedge Agreements permitted under Section 7.15;
(m)    Indebtedness arising under any performance or surety bond or arising
under any indemnity agreement relating thereto, in each case incurred or entered
into in the ordinary course of business;
(n)        Indebtedness in respect of overdraft or similar facilities incurred
in the ordinary course of business in connection with deposit accounts;
(o)        [reserved]; and
(p)        additional Indebtedness of the Company or any of its Subsidiaries in
an aggregate principal amount (for the Company and all Subsidiaries) not to
exceed $27,500,000 at any one time outstanding.
Section 7.03. Limitation on Liens. Create, incur, assume or suffer to exist any
Lien upon any of its Property, whether now owned or hereafter acquired, except
for:
(a)        Liens for taxes not yet due or that are being contested in good faith
by appropriate proceedings, provided that adequate reserves with respect thereto
are maintained on the books of the Company or its Subsidiaries, as the case may
be, in conformity with GAAP;
(b)        Liens of landlords arising by statute, inchoate, statutory or
construction liens and liens of suppliers, mechanics, carriers, materialmen,
warehousemen, producers, operators or workmen and other Liens imposed by law, in
each case created in the ordinary course of business

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for amounts not more than 60 days past due or that are being contested in good
faith by appropriate proceedings;
(c)        pledges or deposits in the ordinary course of business in connection
with workers’ compensation, unemployment insurance and other social security
legislation;
(d)        pledges or deposits to secure the performance of or in connection
with bids, contracts (other than for borrowed money), sales, leases (other than
in respect of Capital Lease Obligations), statutory obligations, surety, appeal
and customs bonds, performance bonds and other obligations of a like nature, in
each case incurred in the ordinary course of business;
(e)        easements, rights-of-way, restrictions and other similar encumbrances
incurred in the ordinary course of business that, in the aggregate, do not
materially interfere with the ordinary conduct of the business of the Company or
any of its Subsidiaries;
(f)        Liens in existence on the Amendment Effective Date listed on Schedule
7.03(f), securing Indebtedness permitted by Section 7.02(d), provided that no
such Lien is spread to cover any additional Property after the Amendment
Effective Date and that the principal amount of Indebtedness secured thereby is
not increased;
(g)        Liens securing Indebtedness of the Company or any Subsidiary incurred
pursuant to Section 7.02(c) to finance the acquisition or improvement of fixed
or capital assets, provided that (i) such Liens shall be created within 90 days
of the acquisition of such fixed or capital assets, (ii) such Liens do not at
any time encumber any Property other than the Property financed by such
Indebtedness, and (iii) the principal amount of Indebtedness secured thereby is
not increased;
(h)        Liens securing Indebtedness permitted pursuant to Section 7.02(k);
provided that (i) any such Lien may not extend to any other Property of the
Company or any Subsidiary other than the applicable Permitted Acquisition Target
and Subsidiaries thereof and (ii) any such Lien was not created in anticipation
of or in connection with the Permitted Acquisition pursuant to which such Person
became a Subsidiary of the Company;
(i)        Liens securing subordinated Indebtedness of the Company incurred
pursuant to Section 7.02(j) and subject to intercreditor arrangements
satisfactory to the Administrative Agent;
(j)        any Liens (i) created pursuant to the Security Documents or (ii)
granted in favor of an Issuing Lender pursuant to arrangements designed to
eliminate such Issuing Lender’s risk with respect to any Defaulting Lender’s or
Defaulting Lenders’ participation in the Letters of Credit, as contemplated by
Section 2.24;
(k)        any interest or title of a lessor under any operating lease entered
into by the Company or any Subsidiary in the ordinary course of its business and
covering only the assets so leased;

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(l)        any Lien securing a Permitted Refinancing of Indebtedness secured by
any Lien permitted by paragraph (f), (g), (h) or (i) above;
(m)    Liens arising out of judgments or awards not constituting an Event of
Default under paragraph (h) of Article 8;
(n)        Liens securing Indebtedness incurred to finance deferred insurance
premiums permitted under paragraph (h) of Section 7.02, provided that such Liens
shall be permitted only with respect to unearned premiums and dividends which
may become payable under the relevant insurance policies and loss payments which
reduce the unearned premiums under such insurance policies;
(o)        any Lien that is customary in the banking industry and constituting a
right of set-off, revocation, refund or chargeback under a deposit agreement or
under the Uniform Commercial Code of a bank or other financial institution where
deposits are maintained by the Company or any Subsidiary;
(p)        Liens in favor of customs and revenue authorities arising as a matter
of law to secure payment of customs duties in connection with the importation of
goods;
(q)        Liens securing Indebtedness incurred pursuant to Section 7.02(i);
provided no assets of the Company or any Subsidiary Guarantor are subject
thereto;
(r)        Liens not otherwise permitted by this Section 7.03 so long as neither
(i) the aggregate outstanding principal amount of the obligations secured
thereby nor (ii) the aggregate fair market value (determined, in the case of
each such Lien, as of the date such Lien is incurred) of the assets subject
thereto exceeds (as to the Company and all Subsidiaries) $16,500,000 at any one
time; and
(s)        Liens granted by Subsidiaries of the Company organized under the laws
of the United Kingdom in connection with banking relationships entered into by
them in the ordinary course of business.
Section 7.04. Limitation on Fundamental Changes. Enter into any merger,
consolidation or amalgamation, or liquidate, wind up or dissolve itself (or
suffer any liquidation or dissolution), or Dispose of all or substantially all
of its Property or business (in one transaction or in a series of related
transactions), except that:
(a)        (i) any Subsidiary of the Company may be merged or consolidated with
or into the Company (provided that the Company shall be the continuing or
surviving entity) or any other Loan Party (provided that the continuing or
surviving entity is (x) a Loan Party or (y) organized in the United States or a
Qualified Jurisdiction and shall be or become a Loan Party, and the Company
shall comply with Section 6.08 in connection therewith promptly after the
consummation of such transaction (provided that in the case of a merger or
consolidation involving a Subsidiary Borrower, the surviving entity shall be a
Borrower)) and (ii) any

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Subsidiary that is not a Subsidiary Guarantor may be merged or consolidated with
or into any other Subsidiary which is not a Subsidiary Guarantor;
(b)        the Company or any Subsidiary of the Company may Dispose of any or
all of its assets (upon voluntary liquidation, winding up, dissolution or
otherwise; provided that the Company may not liquidate, wind up or dissolve
itself (or suffer any liquidation or dissolution)) to any Loan Party or, in the
case of any Subsidiary that is not a Subsidiary Guarantor, to any other
Subsidiary (and, in any such case, other than in the case of the Company,
liquidate, wind up or dissolve in connection therewith);
(c)        any Permitted Acquisition may be structured as a merger with or into
the Company (provided that the Company shall be the continuing or surviving
corporation), with or into any other Loan Party (provided that the continuing or
surviving corporation of any such merger shall be (x) a Loan Party or (y)
organized in the United States or a Qualified Jurisdiction and shall be or shall
promptly become a Loan Party, and the Company shall comply with Section 6.08 in
connection therewith (provided that if any merging entity is a Subsidiary
Borrower the surviving entity of any such merger shall be a Borrower) or with or
into any other Subsidiary; and
(d)        any Disposition of a Subsidiary permitted by Section 7.05 may be made
in the form of a merger.
Section 7.05. Limitation on Disposition of Property. Dispose of any of its
Property (including, without limitation, receivables and leasehold interests),
whether now owned or hereafter acquired, or, in the case of any Subsidiary,
issue or sell any shares of such Subsidiary’s Capital Stock to any Person,
except:
(a)        the Disposition of property that the Company (or any Subsidiary of
the Company) reasonably determines is no longer useful in its business, has
become obsolete, damaged or surplus or is replaced in the ordinary course of
business, including the lease or sublease of excess or unneeded real property
not constituting a sale and leaseback;
(b)        the sale of inventory in the ordinary course of business;
(c)        Dispositions permitted by Section 7.04(b); provided that promptly
after any such Disposition of any Property to a Loan Party, all actions
reasonably required by the Administrative Agent shall be taken to insure the
perfection and priority of the Liens created by the Security Documents on such
Property;
(d)        the sale or issuance of any Subsidiary’s Capital Stock to any Loan
Party or in the case of any Subsidiary that is not a Loan Party, to any other
Subsidiary;
(e)        the sale, lease or transfer of Property or assets from (i) a Loan
Party to another Loan Party; provided that promptly after any such sale, lease
or transfer, all actions reasonably required by the Administrative Agent shall
be taken to insure the continued perfection and priority of the Liens created by
the Security Documents on such Property and assets, (ii) from a

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Subsidiary that is not a Loan Party to the Company or any other Subsidiary or
(iii) from a Loan Party to a Subsidiary that is not a Loan Party; provided, for
the purposes of subclause (iii) of this clause (e), the aggregate amount of such
sales, leases or transfers shall not exceed the sum of (1) $50,000,000 in any
fiscal year (the “Permitted Disposition Amount”), plus (2) all of the unused
Permitted Disposition Amount from the immediately preceding fiscal year (it
being agreed that any such carried over amount shall be deemed used first in
such immediately subsequent fiscal year), plus (3) all of the Permitted
Disposition Amount from the immediately subsequent fiscal year (it being agreed
that any such allocated amount shall be deemed used last in such immediately
preceding fiscal year);
(f)        discounts, adjustments or forgiveness of accounts receivable and
other contract claims in the ordinary course of business or in connection with
collection or compromise thereof;
(g)        the Disposition of other assets in any fiscal year having an
aggregate fair market value not to exceed 5.5% of the Consolidated Total Assets
of the Company as determined as of the end of the immediately preceding fiscal
year;
(h)        any Recovery Event;
(i)        Dispositions resulting from any taking or condemnation of any
property of the Company or any of its Subsidiaries; and
(j)        assignments and licenses of intellectual property of the Company and
its Subsidiaries in the ordinary course of business;
provided, that, with respect to paragraphs (b) and (g) above, at least 75% of
the consideration received therefor by the Company or such Subsidiary shall be
in the form of cash or Cash Equivalents.
Section 7.06. Limitation on Restricted Payments. Declare or pay any dividend on,
or make any payment on account of, or set apart assets for a sinking or other
analogous fund for, the purchase, redemption, defeasance, retirement,
termination or other acquisition of, any Capital Stock of the Company or any
Subsidiary, whether now or hereafter outstanding, or make any other distribution
in respect thereof, in each case either directly or indirectly, whether in cash
or property or in obligations of the Company or any Subsidiary (collectively,
“Restricted Payments”), except that:
(a)        (i) any Subsidiary may make Restricted Payments to any Loan Party and
(ii) any Subsidiary that is not a Loan Party may make Restricted Payments to any
other Subsidiary;
(b)        the Company may make Restricted Payments in the form of common stock
of the Company;
(c)        the Company may purchase the Company’s common stock, common stock
options, restricted stock, restricted stock units and similar securities from
present or former officers, directors or employees of the Company or any
Subsidiary upon the death, disability or termination of employment of such
officer, director or employee, provided that the aggregate

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amount of payments made pursuant to this paragraph (c) (net of any proceeds
received by the Company in connection with resales of any common stock, common
stock options, restricted stock, restricted stock units and similar securities)
shall not exceed $8,250,000 after the Amendment Effective Date;
(d)        the Company may make Restricted Payments in connection with the
redemption, repurchase, retirement or other acquisition of any Capital Stock of
the Company upon or in connection with the exercise or vesting of warrants,
options, restricted stock units or similar rights if such Capital Stock
constitutes all or a portion of the exercise price or is surrendered (or deemed
surrendered) in connection with satisfying any income tax obligation incurred in
connection with such exercise or vesting;
(e)        the Company may make cash payments (i) solely in lieu of the issuance
of fractional shares in connection with the exercise of warrants, options,
restricted stock units or other securities convertible into or exchangeable for
Capital Stock of the Company; provided that any such cash payment shall not be
for the purpose of evading the limitations of this Section 7.06 and (ii) to
officers, directors, employees and consultants in respect of phantom stock, to
the extent considered a Restricted Payment;
(f)        any non-wholly owned Subsidiary may, to the extent a Restricted
Payment is made to the Company or another Subsidiary under this Section 7.06,
make Restricted Payments to its other shareholders on a pro rata basis;
(g)        so long as no Default or Event of Default shall have occurred and be
continuing or would result therefrom, the Company may make Restricted Payments
in connection with the redemption, repurchase, retirement or other acquisition
of any Capital Stock of the Company; provided that the aggregate amount of
payments made pursuant to this Section 7.06(g) in any fiscal year shall not
exceed the sum of (x) $11,000,000 and (y) the aggregate amount of cash paid to
the Company for its account in such fiscal year upon the exercise or vesting of
warrants, options, restricted stock units or similar rights by officers,
directors or employees of the Company or its Subsidiaries in such fiscal year
(it being agreed that if any portion of such permitted amount is not used in any
fiscal year, then 50% of such unused portion may be used in any subsequent
fiscal year and any such carried over amount shall be deemed used first in such
subsequent fiscal year); and
(h)        the Company may make additional cash Restricted Payments pursuant to
this clause (h) in an aggregate amount not to exceed the Available Amount at
such time (as determined immediately before giving effect to the making of such
Restricted Payment) so long as (A) no Default or Event of Default then exists or
would result therefrom, (B) the Company would at the time of and immediately
after giving effect to such Restricted Payment be in compliance with the
Incurrence Financial Covenant, determined on a pro forma basis giving effect to
such Restricted Payment as of the last day of the most recently ended fiscal
quarter for which the Company’s consolidated financial statements have been
delivered hereunder and (C) prior to the payment of such Restricted Payment, the
Company shall have delivered to the Administrative Agent a certificate of a
Responsible Officer of the Company certifying

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compliance with preceding sub-clauses (A) and (B) and containing the
calculations (in reasonable detail) required to establish compliance with
preceding sub-clause (B).
Section 7.07. Limitation on Investments. Make or hold any advance, loan,
extension of credit (by way of guaranty or otherwise) or capital contribution
to, or purchase or hold any Capital Stock, bonds, notes, debentures or other
debt securities of, or any assets constituting an ongoing business from, or make
or permit to exist any other investment by the Company or any of its
Subsidiaries in, any other Person (all of the foregoing, “Investments”), except:
(a)        extensions of trade credit in the ordinary course of business;
(b)        Investments in Cash Equivalents;
(c)        Investments arising in connection with the incurrence of Indebtedness
permitted by Section 7.02(b), (e), (f), (g) or (i);
(d)        loans and advances to employees of the Company or any Subsidiaries of
the Company in the ordinary course of business (including, without limitation,
for travel, entertainment and relocation expenses) in an aggregate amount for
the Company and Subsidiaries of the Company not to exceed $2,200,000 at any one
time outstanding;
(e)        Hedge Agreements permitted under Section 7.15;
(f)        Investments in the Company’s business made by the Company or any of
its Subsidiaries with the proceeds of any Reinvestment Deferred Amount;
(g)        Investments (other than those relating to the incurrence of
Indebtedness permitted by Section 7.07(c)) by (i) the Company or any of its
Subsidiaries in any Loan Party or (ii) any Subsidiary that is not a Loan Party
in any other Subsidiary that is not a Loan Party;
(h)        Investments in connection with Permitted Acquisitions (including the
formation of Subsidiaries in connection therewith);
(i)        Investments by the Company and its Subsidiaries in Subsidiaries that
are not Loan Parties in an aggregate amount (valued at cost) not to exceed
$50,000,000 after the Amendment Effective Date;
(j)        any Investment made as a result of the receipt of non-cash
consideration for a Disposition that was made pursuant to and in compliance with
Section 7.05;
(k)        Investments received as part of the settlement of litigation or in
satisfaction of extensions of credit to any Person pursuant to the
reorganization, bankruptcy or liquidation of such Person or a good faith
settlement of debts with such Person;
(l)        Investments received in settlement of amounts due to the Company or
any Subsidiary of the Company effected in the ordinary course of business;

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(m)    Investments in accounts, contract rights and chattel paper (each as
defined in the UCC), notes receivable and similar items arising or acquired from
the sale of Inventory in the ordinary course of business consistent with the
past practice of the Company and its Subsidiaries;
(n)        in addition to Investments otherwise expressly permitted by this
Section, Investments by the Company or any of its Subsidiaries in an aggregate
amount (valued at cost) not to exceed $50,000,000 after the Amendment Effective
Date;
(o)        the Company and its Subsidiaries may make additional Investments in
an aggregate amount not to exceed at any time outstanding (determined without
regard to any write-downs or write-offs of such Investments) the Available
Amount at such time (as determined immediately before giving effect to the
making of such Investment) plus an amount equal to any repayments, interest,
returns, profits, distributions, dividends, income and similar amounts actually
received by the Company or any of its Subsidiaries in cash in respect of any
Investment pursuant to clauses (i) or (n) or this clause (o) of this Section
7.07 (in each case, so long as not otherwise included in the Available Amount)
so long as (A) no Default or Event of Default then exists or would result
therefrom, (B) the Company would at the time of and immediately after giving
effect to such Investment be in compliance with the Incurrence Financial
Covenant, determined on a pro forma basis as of the last day of the most
recently ended fiscal quarter for which the Company’s consolidated financial
statements have been delivered hereunder and (C) prior to the making of such
Investment, the Company shall have delivered to the Administrative Agent a
certificate of a Responsible Officer of the Company certifying compliance with
preceding sub-clauses (A) and (B) and containing the calculations (in reasonable
detail) required to establish compliance with preceding sub-clause (B); and
(p)        Investments by the Company and its Subsidiaries in Verint Systems
GMBH in an aggregate amount (valued at cost) not to exceed $25,000,000 after the
Amendment Effective Date.
Section 7.08. Limitation on Optional Payments and Modifications of Debt
Instruments, Etc. (a) Make or offer to make any optional or voluntary payment,
prepayment, repurchase or redemption of, or otherwise voluntarily or optionally
defease, any Indebtedness incurred pursuant to Section 7.02(j) or segregate
funds for any such payment, prepayment, repurchase, redemption or defeasance
(other than any Permitted Refinancing) other than voluntary payments,
prepayments, repurchases, redemption or defeasance of such Indebtedness in an
aggregate amount not to exceed the Available Amount at such time (as determined
immediately before giving effect to the making of such payment, prepayment,
repurchase, redemption or defeasance) so long as (A) no Default or Event of
Default then exists or would result therefrom, (B) the Company would at the time
of and immediately after giving effect to such payment, prepayment, repurchase,
redemption or defeasance be in compliance with the Incurrence Financial
Covenant, determined on a pro forma basis as of the last day of the most
recently ended fiscal quarter for which the Company’s consolidated financial
statement shall have been delivered hereunder and (C) prior to the making of
such payment, the Company shall have delivered to the Administrative Agent a
certificate of a Responsible Officer of the Company certifying compliance with
preceding sub-clauses (A) and (B) and containing the calculations (in reasonable
detail) required to establish compliance with preceding sub-clause (B); provided
that nothing herein shall restrict

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the Company or any of its Subsidiaries from making required payments of fees and
regularly scheduled payments of interest on any Indebtedness incurred pursuant
to Section 7.02(j) (provided that the payment of such fees and interest with
respect to subordinated Indebtedness shall be subject to the subordination
provisions governing such Indebtedness), or (b) amend, modify or otherwise
change, or consent or agree to any amendment, modification, waiver or other
change, to any of the terms of any Indebtedness incurred pursuant to Section
7.02(j) which would reduce the maturity or require any scheduled principal
payments or prepayments or any mandatory prepayment, redemption or repurchase
provisions or sinking fund obligations (except customary ones, including in the
context of asset sales, casualty events or a change of control) to be made on a
date prior to the date that is 90 days following the later of the Term Loan
Maturity Date and the latest maturity date of any Incremental Term Loans.
Section 7.09. Limitation on Transactions with Affiliates. Enter into any
transaction, including, without limitation, any purchase, sale, lease or
exchange of Property, the rendering of any service or the payment of any
management, advisory or similar fees, with any Affiliate (other than (w)
transactions between or among Loan Parties, (x) transactions between or among
Subsidiaries that are not Loan Parties, (y) transactions between and among Loan
Parties and their Subsidiaries upon terms no less favorable, taken as a whole,
to the relevant Loan Party than it would obtain in comparable arm’s length
transactions with a Person that is not an Affiliate and (z) transactions between
and among Loan Parties and their Subsidiaries that are not in the aggregate
material to such Loan Parties) unless such transaction is (a) a Restricted
Payment permitted under Section 7.06, (b) an Investment permitted under Section
7.07 or (c)(i) otherwise permitted under this Agreement and (ii) upon fair and
reasonable terms no less favorable to the Borrower or such Subsidiary, as the
case may be, than it would obtain in a comparable arm’s length transaction with
a Person that is not an Affiliate; provided that, for the avoidance of doubt,
this Section 7.09 shall not prohibit any transaction with an Affiliate that, as
such, has been expressly approved by either a majority of the Company’s
independent directors or a committee of the Company’s directors consisting
solely of independent directors, in each case in accordance with such
independent directors’ fiduciary duties in their capacity as such and upon
advice from independent counsel.
Section 7.10. Limitation on Sales and Leasebacks. Enter into any arrangement
with any Person providing for the leasing by the Company or any Subsidiary of
real or personal property which has been or is to be sold or transferred by the
Company or such Subsidiary to such Person or to any other Person to whom funds
have been or are to be advanced by such Person on the security of such property
or rental obligations of the Company or such Subsidiary.
Section 7.11. Limitation on Changes in Fiscal Periods. Permit the fiscal year of
the Company to end on a day other than January 31 or change the Company’s method
of determining fiscal quarters.
Section 7.12. Limitation on Negative Pledge Clauses. Enter into or suffer to
exist or become effective any agreement that prohibits or limits the ability of
any Loan Party to create, incur, assume or suffer to exist any Lien upon any of
its material Property or revenues, whether now owned or hereafter acquired, to
secure the Obligations or, in the case of any Subsidiary Guarantor, its
obligations under the Guarantee and Collateral Agreement or other Security

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Document, other than (a) this Agreement and the other Loan Documents and (b) any
agreements governing any purchase money Liens (or any Permitted Refinancing in
respect thereof), Capital Lease Obligations or Permitted Acquisition
Indebtedness otherwise permitted hereby (in which case, any prohibition or
limitation shall only be effective against the assets financed thereby and in
the case of any Permitted Refinancing of purchase money Indebtedness or
Permitted Acquisition Indebtedness, shall be no more restrictive, taken as a
whole, than that in the relevant refinanced agreement).
Section 7.13. Limitation on Restrictions on Subsidiary Distributions. Enter into
or suffer to exist or become effective any consensual contractual encumbrance or
restriction on the ability of any Subsidiary to (a) make Restricted Payments in
respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness
owed to, the Company or any Subsidiary Guarantor, (b) make Investments in the
Company or any Subsidiary Guarantor or (c) transfer any of its assets to the
Company or any Subsidiary Guarantor, except for such encumbrances or
restrictions existing under or by reason of (i) any restrictions existing under
the Loan Documents and (ii) any restrictions with respect to a Subsidiary
imposed pursuant to an agreement that has been entered into in connection with
the Disposition of all or substantially all of the Capital Stock or assets of
such Subsidiary, provided such Disposition is permitted hereunder; provided that
this Section 7.13 shall not apply to (x) encumbrances or restrictions arising by
reason of customary non-assignment or no-subletting clauses in leases or other
contracts entered into in the ordinary course of business and consistent with
past practices or (y) encumbrances or restrictions in agreements governing any
purchase money Liens (or any Permitted Refinancing in respect thereof), Capital
Lease Obligations or Permitted Acquisition Indebtedness otherwise permitted
hereby (in which case, any prohibition or limitation shall only be effective
against the assets financed thereby and in the case of any Permitted Refinancing
of purchase money Indebtedness or Permitted Acquisition Indebtedness, shall be
no more restrictive than that in the relevant refinanced agreement).
Section 7.14. Limitation on Lines of Business. Enter into any business, either
directly or through any Subsidiary, except for those businesses in which the
Company and its Subsidiaries are engaged on the date of this Agreement or that
are reasonably related thereto.
Section 7.15. Limitation on Hedge Agreements. Enter into any Hedge Agreement
other than Hedge Agreements entered into in the ordinary course of business, and
not for speculative purposes.
ARTICLE 8
EVENTS OF DEFAULT
If any of the following events shall occur and be continuing:
(a)        any Borrower shall fail to pay any principal of any Loan or
Reimbursement Obligation when due in accordance with the terms hereof; or any
Borrower shall fail to pay any interest on any Loan or Reimbursement Obligation,
or any other amount payable hereunder or

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under any other Loan Document, within five days after any such interest or other
amount becomes due in accordance with the terms hereof or thereof; or
(b)        any representation or warranty made or deemed made by any Loan Party
herein or in any other Loan Document or that is contained in any certificate,
document or financial or other statement furnished by it at any time under or in
connection with this Agreement or any such other Loan Document shall prove to
have been inaccurate in any material respect on or as of the date made or deemed
made; or
(c)        any Loan Party shall default in the observance or performance of any
agreement contained in clause (i) or (ii) of Section 6.04(a) (with respect to
any Borrower only), Section 6.07(a) or Article 7, or in Article 5 of the
Guarantee and Collateral Agreement or corresponding provisions in any Security
Document to which a Foreign Subsidiary Guarantor is party; provided, that, any
Financial Covenant Default shall not constitute an Event of Default with respect
to the Term Loans until the date on which any Revolving Credit Loans have been
declared to be due and payable pursuant to this Article 8 on account of a
Financial Covenant Default; or
(d)        any Loan Party shall default in the observance or performance of any
other agreement contained in this Agreement or any other Loan Document (other
than as provided in paragraphs (a) through (c) of this Section), and such
default shall continue unremedied for a period of 30 days after the earlier of
the Company’s knowledge thereof and written notice thereof to the Company from
the Administrative Agent; or
(e)        the Company or any of its Subsidiaries shall (i) default in making
any payment of any principal of any Indebtedness (including, without limitation,
any Guarantee Obligation with respect to principal of any Indebtedness, but
excluding the Loans and Reimbursement Obligations) on the scheduled or original
due date with respect thereto; or (ii) default in making any payment of any
interest on any such Indebtedness beyond the period of grace, if any, provided
in the instrument or agreement under which such Indebtedness was created; or
(iii) default in the observance or performance of any other agreement or
condition relating to any such Indebtedness or contained in any instrument or
agreement evidencing, securing or relating thereto, or any other event shall
occur or condition exist, the effect of which default or other event or
condition is to cause, or to permit the holder or beneficiary of such
Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to
cause, with the giving of notice if required, such Indebtedness to become due
prior to its stated maturity or to become subject to a mandatory offer to
purchase by the obligor thereunder or (in the case of any such Indebtedness
constituting a Guarantee Obligation) to become payable; provided, that a
default, event or condition described in clause (i), (ii) or (iii) of this
paragraph (e) shall not at any time constitute an Event of Default unless, at
such time, one or more defaults, events or conditions of the type described in
clauses (i), (ii) and (iii) of this paragraph (e) shall have occurred and be
continuing with respect to Indebtedness the outstanding principal amount of
which exceeds in the aggregate the Threshold Amount; or
(f)        (i) any Borrower or any of its Significant Subsidiaries shall
commence any case, proceeding or other action (A) under any existing or future
law of any jurisdiction, domestic or

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foreign, relating to bankruptcy, insolvency, reorganization or relief of
debtors, seeking to have an order for relief entered with respect to it, or
seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization,
arrangement, adjustment, winding-up, liquidation, dissolution, composition or
other relief with respect to it or its debts, or (B) seeking appointment of a
receiver, trustee, custodian, conservator or other similar official for it or
for all or any substantial part of its assets, or any Borrower or any of its
Significant Subsidiaries shall make a general assignment for the benefit of its
creditors; or (ii) there shall be commenced against any Borrower or any of its
Subsidiaries any case, proceeding or other action of a nature referred to in
clause (i) above that (A) results in the entry of an order for relief or order
or decree approving any such adjudication or appointment or (B) remains
undismissed, undischarged or unbonded for a period of 60 consecutive days; or
(iii) there shall be commenced against any Borrower or any of its Significant
Subsidiaries any case, proceeding or other action seeking issuance of a warrant
of attachment, execution, distraint or similar process against all or any
substantial part of its assets that results in the entry of an order for any
such relief that shall not have been vacated, discharged, or stayed or bonded
pending appeal within 60 days from the entry thereof; or (iv) any Borrower or
any of its Significant Subsidiaries shall take any material action in
furtherance of, or indicating its consent to, approval of, or acquiescence in,
any of the acts set forth in clause (i), (ii), or (iii) above; or (v) any
Borrower or any of its Significant Subsidiaries shall generally not, or shall be
unable to, or shall admit in writing its inability to, pay its debts as they
become due; or
(g)        (i) any Person shall engage in any non-exempt “prohibited
transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code)
involving any Plan, (ii) any ERISA Event, whether or not waived, shall exist
with respect to any Plan, or any Lien in favor of the PBGC or a Plan shall arise
on the assets of the Company or any Commonly Controlled Entity, (iii) a
Reportable Event shall occur with respect to, or proceedings under Title IV of
ERISA shall commence to have a trustee appointed under Title IV of ERISA, or a
trustee shall be appointed, to administer or to terminate, any Single Employer
Plan, which Reportable Event or commencement of proceedings or appointment of a
trustee is likely to result in the termination of such Plan for purposes of
Title IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes of
Title IV of ERISA, (v) the Company or any Commonly Controlled Entity shall, or
in the reasonable opinion of the Required Lenders shall be likely to, incur any
liability in connection with a withdrawal from, or the Insolvency or
Reorganization of, a Multiemployer Plan or (vi) any other event or condition
shall occur or exist with respect to a Plan; and in each case in clauses (i)
through (vi) above, such event or condition, together with all other such events
or conditions, if any, could reasonably be expected to have a Material Adverse
Effect; or
(h)        one or more judgments or decrees shall be entered against the Company
or any of its Subsidiaries involving for the Company and its Subsidiaries taken
as a whole a liability (not paid or covered by insurance) equal to or greater
than the Threshold Amount, and all such judgments or decrees shall not have been
vacated, discharged, stayed or bonded pending appeal within 60 days from the
entry thereof; or
(i)        any of the Security Documents shall cease, for any reason (other than
by reason of the release thereof pursuant to Section 10.16), to be in full force
and effect, or any Loan Party or

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any controlled Affiliate of the Company shall so assert, or any Lien created or
purported to be created by any of the Security Documents shall cease to be
enforceable and of the same effect and priority purported to be created thereby
with respect to Collateral with an aggregate fair market value in excess of
$5,000,000; or
(j)        any guarantee contained in Section 2 of the Guarantee and Collateral
Agreement or the corresponding provision in any Security Document to which a
Foreign Subsidiary Guarantor is a party shall cease, for any reason (other than
by reason of the release thereof pursuant to Section 10.16), to be in full force
and effect or any Loan Party or any controlled Affiliate of the Company shall so
assert; or
(k)        any Change of Control shall occur;
then, and in any such event, (A) if such event is an Event of Default specified
in paragraph (f) above with respect to any Borrower, the Commitments shall
automatically and immediately terminate and the Loans hereunder (with accrued
interest thereon) and all other amounts owing or accrued under this Agreement
and the other Loan Documents (including, without limitation, all amounts of L/C
Obligations, whether or not the beneficiaries of the then outstanding Letters of
Credit shall have presented the documents required thereunder) shall
automatically and immediately become due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby
expressly waived by the Borrowers, anything contained herein or in any other
Loan Document to the contrary notwithstanding, and (B) if such event is any
other Event of Default, any or all of the following actions may be taken: (i)
with the consent of the Majority Revolving Credit Facility Lenders, the
Administrative Agent may, or upon the request of the Majority Revolving Credit
Facility Lenders, the Administrative Agent shall, by notice to the Company
declare the Revolving Credit Commitments to be terminated forthwith, whereupon
the Revolving Credit Commitments shall immediately terminate; (ii) with the
consent of the Required Lenders, the Administrative Agent may, or upon the
request of the Required Lenders, the Administrative Agent shall, by notice to
the Company, declare the Loans hereunder (with accrued interest thereon) and all
other amounts accrued or owing under this Agreement and the other Loan Documents
(including, without limitation, all amounts of L/C Obligations, whether or not
the beneficiaries of the then outstanding Letters of Credit shall have presented
the documents required thereunder) to be due and payable forthwith, whereupon
the same shall immediately become due and payable, without presentment, demand,
protest or any other notice of any kind, all of which are hereby expressly
waived by the Borrowers, anything contained herein or in any other Loan Document
to the contrary notwithstanding; and (iii) with the consent of the Required
Lenders, the Administrative Agent may, or upon the request of the Required
Lenders, the Administrative Agent shall, exercise on behalf of itself, the
Lenders and any Issuing Lender all other rights and remedies available to it,
the Lenders and any Issuing Lender under the Loan Documents. In the case of all
Letters of Credit with respect to which presentment for honor shall not have
occurred at the time of an acceleration pursuant to this paragraph, the
Borrowers shall at such time deposit in a cash collateral account opened by the
Administrative Agent an amount equal to the aggregate then undrawn and unexpired
face amount of such Letters of Credit. Amounts held in such cash collateral
account shall be applied by the Administrative Agent to the payment of drafts
drawn under such Letters of Credit, and the unused portion

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thereof after all such Letters of Credit shall have expired or been fully drawn
upon, if any, shall be applied to repay other obligations of the Borrowers
hereunder and under the other Loan Documents. After all such Letters of Credit
shall have expired or been fully drawn upon, all Reimbursement Obligations shall
have been satisfied and all other Obligations of the Borrowers hereunder and
under the other Loan Documents shall have been paid in full, the balance, if
any, in such cash collateral account shall be returned to the Company (or such
other Person as may be lawfully entitled thereto).
ARTICLE 9
THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT
Each Lender and each Issuing Lender hereby irrevocably appoints the
Administrative Agent and the Collateral Agent (for purposes of this Article 9,
the Administrative Agent and the Collateral Agent are referred to collectively
as the “Agents”) as its agents and authorizes the Agents to take such actions on
its behalf and to exercise such powers as are delegated to such Agent by the
terms of the Loan Documents, together with such actions and powers as are
reasonably incidental thereto. Without limiting the generality of the foregoing,
the Agents are hereby expressly authorized to (i) execute any and all documents
(including releases) with respect to the Collateral and the rights of the
Secured Parties with respect thereto, as contemplated by and in accordance with
the provisions of this Agreement and the Security Documents and (ii) negotiate,
enforce or settle any claim, action or proceeding affecting the Lenders in their
capacity as such, at the direction of the Required Lenders, which negotiation,
enforcement or settlement will be binding upon each Lender.
The institution serving as the Administrative Agent and/or the Collateral Agent
hereunder shall have the same rights and powers in its capacity as a Lender as
any other Lender and may exercise the same as though it were not an Agent, and
such bank and its Affiliates may accept deposits from, lend money to and
generally engage in any kind of business with the Company or any Subsidiary or
other Affiliate thereof as if it were not an Agent hereunder.
Neither Agent shall have any duties or obligations except those expressly set
forth in the Loan Documents. Without limiting the generality of the foregoing,
(a) neither Agent shall be subject to any fiduciary or other implied duties,
regardless of whether a Default or Event of Default has occurred and is
continuing, (b) neither Agent shall have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and
powers expressly contemplated hereby that such Agent is instructed in writing to
exercise by the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary under the circumstances as provided in Section
10.01), and (c) except as expressly set forth in the Loan Documents, neither
Agent shall have any duty to disclose, nor shall it be liable for the failure to
disclose, any information relating to the Company or any of the Subsidiaries
that is communicated to or obtained by the bank serving as Administrative Agent
and/or Collateral Agent or any of its Affiliates in any capacity. As between the
Agents and the Lenders, neither Agent shall be liable to the Lenders for any
action taken or not taken by it with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as shall

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be necessary under the circumstances as provided in Section 10.01) or in the
absence of its own gross negligence or willful misconduct. Neither Agent shall
be deemed to have knowledge of any Default or Event of Default unless and until
written notice thereof is given to such Agent by the Company or a Lender, and
neither Agent shall be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with
any Loan Document, (ii) the contents of any certificate, report or other
document delivered thereunder or in connection therewith, (iii) the performance
or observance of any of the covenants, agreements or other terms or conditions
set forth in any Loan Document, (iv) the validity, enforceability, effectiveness
or genuineness of any Loan Document or any other agreement, instrument or
document, or (v) the satisfaction of any condition set forth in Article 5 or
elsewhere in any Loan Document, other than to confirm receipt of items expressly
required to be delivered to such Agent.
Each Agent shall be entitled to rely upon, and shall not incur any liability to
the Lenders for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing believed by it to be genuine
and to have been signed or sent by the proper Person. Each Agent may also rely
upon any statement made to it orally or by telephone and believed by it to have
been made by the proper Person, and shall not incur any liability to the Lenders
for relying thereon. Each Agent may consult with legal counsel (who may be
counsel for the Company), independent accountants and other experts selected by
it, and shall not be liable to the Lenders for any action taken or not taken in
good faith by it in accordance with the advice of any such counsel, accountants
or experts.
Each Agent may perform any and all its duties and exercise its rights and powers
by or through any one or more sub-agents appointed by it. Each Agent and any
such sub-agent may perform any and all its duties and exercise its rights and
powers by or through their respective Related Parties. The exculpatory
provisions of the preceding paragraphs shall apply to any such sub-agent and to
the Related Parties of each Agent and any such sub-agent, and shall apply to
their respective activities in connection with the syndication of the Facilities
as well as activities as Agent.
Subject to the appointment and acceptance of a successor Agent as provided
below, either Agent may resign at any time by notifying the Lenders, the Issuing
Lenders and the Company. Upon any such resignation, the Required Lenders shall
have the right subject to the prior written approval of the Company (which
approval shall not be unreasonably withheld, delayed or conditioned and shall
not be required upon the occurrence and continuance of an Event of Default), to
appoint a successor. If no successor Agent shall have been so appointed by the
Required Lenders with, absent the occurrence and continuance of an Event of
Default, the consent of the Company, and shall have accepted such appointment
within 30 days after the retiring Agent gives notice of its resignation, then
the retiring Agent may, on behalf of the Lenders and the Issuing Lenders,
appoint a successor Agent which shall be a bank with an office in New York, New
York, or an Affiliate of any such bank capable of performing the duties of the
Administrative Agent or Collateral Agent, as the case may be. If no successor
Agent has been appointed pursuant to the immediately preceding sentence by the
30th day after the date such notice of resignation was given by such Agent, such
Agent’s resignation shall become effective

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and the Required Lenders shall thereafter perform all the duties of such Agent
hereunder and/or under any other Loan Document until such time, if any, as the
Required Lenders (subject to the prior written approval of the Company to the
extent such approval would have been required under the second sentence of this
paragraph) appoint a successor Administrative Agent and/or Collateral Agent, as
the case may be. Any such resignation by such Agent hereunder shall also
constitute, to the extent applicable, its resignation as an Issuing Lender, in
which case such resigning Agent (x) shall not be required to issue any further
Letters of Credit and (y) shall maintain all of its rights as Issuing Lender
with respect to any Letters of Credit issued by it prior to the date of such
resignation. Upon the acceptance of its appointment as Agent hereunder by a
successor, such successor shall succeed to and become vested with all the
rights, powers, privileges and duties of the retiring Agent, and the retiring
Agent shall be discharged from its duties and obligations hereunder. The fees
payable by the Company to a successor Agent shall be the same as those payable
to its predecessor unless otherwise agreed between the Company and such
successor. After an Agent’s resignation hereunder, the provisions of this
Article and Section 10.05 shall continue in effect for the benefit of such
retiring Agent, its sub-agents and their respective Related Parties in respect
of any actions taken or omitted to be taken by any of them while acting as
Agent.
Each Lender acknowledges that it has, independently and without reliance upon
the Agents or any other Lender and based on such documents and information as it
has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Lender also acknowledges that it will, independently and
without reliance upon the Agents or any other Lender and based on such documents
and information as it shall from time to time deem appropriate, continue to make
its own decisions in taking or not taking action under or based upon this
Agreement or any other Loan Document, any related agreement or any document
furnished hereunder or thereunder.
Notwithstanding any other provision of this Agreement or any provision of any
other Loan Document, each of the Joint Lead Arrangers and the Joint Bookrunners,
the Co-Syndication Agents and the Co-Documentation Agents are named as such for
recognition purposes only, and in their respective capacities as such shall have
no duties, responsibilities or liabilities with respect to this Agreement or any
other Loan Document; it being understood and agreed that each of the Joint Lead
Arrangers and the Joint Bookrunners, the Co-Syndication Agents and the
Co-Documentation Agents shall be entitled to all indemnification and
reimbursement rights in favor of the Agents provided herein and in the other
Loan Documents. Without limitation of the foregoing, neither the Joint Lead
Arrangers, the Joint Bookrunners, the Co-Syndication Agents nor the
Co-Documentation Agents in their respective capacities as such shall, by reason
of this Agreement or any other Loan Document, have any fiduciary relationship in
respect of any Lender, Loan Party or any other Person.
If at any time any Lender serving as an Agent becomes a Defaulting Lender, or an
Affiliate of a Defaulting Lender is serving as an Agent, and such Defaulting
Lender fails to cure all defaults that caused it to become a Defaulting Lender,
and cease being a Defaulting Lender or an Affiliate of a Defaulting Lender,
within ten Business Days from the date it became a Defaulting Lender, then the
Required Lenders may, but shall not be required to, direct such

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Agent to resign as Agent (including, without limitation, any functions and
duties as Administrative Agent, Collateral Agent and/or as Issuing Lender, as
the case may be), and upon the direction of the Required Lenders, such Agent
shall be required to so resign, in accordance with the sixth paragraph of this
Article 9.
ARTICLE 10
MISCELLANEOUS
Section 10.01. Amendments and Waivers. Neither this Agreement or any other Loan
Document, nor any terms hereof or thereof, may be amended, supplemented or
modified except in accordance with the provisions of this Section 10.01. The
Required Lenders and each Loan Party party to the relevant Loan Document may, or
(with the written consent of the Required Lenders) the Administrative Agent or
the Collateral Agent, as the case may be, and each Loan Party party to the
relevant Loan Document may, from time to time, (a) enter into written
amendments, supplements or modifications hereto and to the other Loan Documents
(including amendments and restatements hereof or thereof) for the purpose of
adding any provisions to this Agreement or the other Loan Documents or changing
in any manner the rights of the Lenders or of the Loan Parties hereunder or
thereunder or (b) waive, on such terms and conditions as may be specified in the
instrument of waiver, any of the requirements of this Agreement or the other
Loan Documents or any Default or Event of Default and its consequences;
provided, however, that no such waiver and no such amendment, supplement or
modification shall:
(i)     forgive the principal amount or extend the final scheduled date of
maturity of any Loan or Reimbursement Obligation, extend the scheduled date of
any amortization payment in respect of any Term Loan, reduce the stated rate of
any interest or fee payable under this Agreement (except (x) in connection with
the waiver of applicability of any post-default increase in interest rates
(which waiver shall be effective with the consent of the Majority Facility
Lenders of each adversely affected Facility) and (y) that any amendment or
modification of defined terms used in the financial covenants in this Agreement
shall not constitute a reduction in the rate of interest or fees for purposes of
this clause (i)) or extend the scheduled date of any payment thereof, or
increase the amount or extend the expiration date of any Commitment of any
Lender, in each case without the consent of each Lender directly affected
thereby;
(ii)     amend, modify or waive any provision of this Section 10.01 or reduce
any percentage specified in the definition of Required Lenders or Required
Prepayment Lenders, release all or substantially all of the Collateral or
release all or substantially all of the Subsidiary Guarantors from their
guarantee obligations under the Guarantee and Collateral Agreement, in each case
without the consent of each Lender;
(iii)     amend, modify or waive Section 10.06(a) as it relates to the
assignment or transfer by any Borrower of any of its rights and obligations
under this Agreement and the other Loan Documents without the consent of each
Lender, the Administrative Agent and each Issuing Lender;

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(iv)     amend, modify or waive any condition precedent to any extension of
credit under the Revolving Credit Facility set forth in Section 5.02 (including,
without limitation, the waiver of an existing Default or Event of Default
required to be waived in order for such extension of credit to be made) without
the consent of the Majority Revolving Credit Facility Lenders;
(v)     reduce the percentage specified in the definition of Majority Facility
Lenders with respect to any Facility without the consent of all of the Lenders
under such Facility;
(vi)     amend, modify or waive any provision of Article 9, or any other
provision directly affecting the rights, duties or obligations of the
Administrative Agent or the Collateral Agent, as the case may be, without the
consent of such Agent directly affected thereby;
(vii) amend, modify or waive the pro rata requirements of clauses (a), (b) or
(c) of Section 2.16 without the consent of each Lender directly affected
thereby;
(viii) amend, modify or waive any provision of Article 3 or any other provision
directly affecting the rights, duties or obligations of any Issuing Lender
without the consent of each Issuing Lender directly affected thereby;
(ix) impose restrictions on assignments and participations that are more
restrictive than, or additional to, those set forth in Section 10.06;
(x) change the provisions of any Loan Document in a manner that by its terms
directly and adversely affects the rights in respect of payments due to Lenders
holding Loans of one Facility differently from the rights of Lenders holding
Loans of any other Facility without the prior written consent of Lenders holding
a majority in interest of the outstanding Loans and unused Commitments of each
adversely affected Facility; or
(xi)     modify the protections afforded to an SPC pursuant to the provisions of
Section 10.06(i) without the written consent of such SPC.
Any such waiver and any such amendment, supplement or modification shall apply
equally to each of the Lenders and shall be binding upon the Loan Parties, the
Lenders, the Agents and all future holders of the Loans. In the case of any
waiver, the Loan Parties, the Lenders and the Agents shall be restored to their
former position and rights hereunder and under the other Loan Documents, and any
Default or Event of Default waived shall be deemed to be cured and not
continuing; but no such waiver shall extend to any subsequent or other Default
or Event of Default, or impair any right consequent thereon. Any such waiver,
amendment, supplement or modification shall be effected by a written instrument
signed by the parties required to sign pursuant to the foregoing provisions of
this Section; provided, that delivery of an executed signature page of any such
instrument by facsimile or electronic transmission (e.g. .PDF or .TIF email
file) shall be effective as delivery of a manually executed counterpart thereof.

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Notwithstanding anything to the contrary herein, no Defaulting Lender shall have
any right to approve or disapprove any amendment, waiver or consent hereunder
(and any amendment, waiver or consent which by its terms requires the consent of
all Lenders or each affected Lender may be effected with the consent of the
applicable Lenders other than Defaulting Lenders), except that (x) the
Commitment of any Defaulting Lender may not be increased or extended without the
consent of such Lender and (y) any waiver, amendment or modification requiring
the consent of all Lenders or each affected Lender that by its terms affects any
Defaulting Lender more adversely than other affected Lenders shall require the
consent of such Defaulting Lender.
Notwithstanding anything to the contrary set forth herein or in any other Loan
Document but subject to the proviso in clause (c) of Article 8, (i) no Term Loan
Lender shall have any right to exercise, or direct the Administrative Agent to
exercise or refrain from exercising, any right or remedy arising or available
hereunder or under any other Loan Document upon the occurrence or during the
continuance of a Default or an Event of Default if the only such Default or
Event of Default that shall have occurred and be continuing is a Financial
Covenant Default, (ii) no Term Loan Lender shall have any right to approve or
disapprove (X) any amendment or modification to Section 7.01, (Y) any waiver of
a Financial Covenant Default or (Z) any amendment, waiver, consent or approval
referred to in the proviso to the definition of “Required Lenders” and (iii) it
is understood and agreed that any Term Loans held by any Term Loan Lender shall
be excluded from any vote of the Lenders (and shall be deemed to not be
outstanding) for the purposes described in clause (i) above and clause (ii)
above, including in determining whether the “Required Lenders” have directed the
Administrative Agent to exercise or refrain from exercising any such rights or
remedies or to approve or disapprove any such amendment, modification or waiver.
For the avoidance of doubt, nothing in this paragraph shall in any way limit or
restrict the rights or remedies of the Term Loan Lenders in connection with any
Default or Event of Default other than a Financial Covenant Default (whether
arising before or after the occurrence of the Financial Covenant Default) or the
right of any Term Loan Lenders to approve or disapprove any amendment or
modification to any other provision hereof or of any other Loan Document or to
waive any Default or Event of Default other than a Financial Covenant Default.
For the avoidance of doubt, this Agreement and any other Loan Document may be
amended (or amended and restated) with the written consent of the Required
Lenders, the Administrative Agent and each Loan Party to each relevant Loan
Document (x) to add one or more additional credit facilities to this Agreement
and to permit the extensions of credit from time to time outstanding thereunder
and the accrued interest and fees in respect thereof (collectively, the
“Additional Extensions of Credit”) to share ratably in the benefits of this
Agreement and the other Loan Documents with the Term Loans and Revolving
Extensions of Credit and the accrued interest and fees in respect thereof, (y)
to include appropriately the Lenders holding such credit facilities in any
determination of the Required Lenders, Required Prepayment Lenders, Majority
Facility Lenders and Majority Revolving Credit Facility Lenders and (z) to
permit any such additional credit facilities which are term facilities to share
ratably with the Term Loans in the application of prepayments and to permit any
such credit facilities which are revolving credit facilities to share ratably
with the Revolving Credit Facility in the

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application of prepayments and commitment reductions; provided that no such
consent of the Required Lenders shall be required to make any changes
contemplated by Section 2.22.
In addition, notwithstanding the foregoing, this Agreement may be amended with
the written consent of the Administrative Agent, the Company and the Lenders
providing the relevant Replacement Term Loans to permit the refinancing or
modification of all outstanding Term Loans (“Refinanced Term Loans”) with a
replacement term loan tranche hereunder (“Replacement Term Loans”), provided
that (a) the aggregate principal amount of such Replacement Term Loans shall not
exceed the aggregate principal amount of such Refinanced Term Loans plus fees
and expenses in connection with the Replacement Term Loans, (b) the Applicable
Margin for such Replacement Term Loans shall not be higher than the Applicable
Margin for such Refinanced Term Loans, (c) the weighted average life to maturity
of such Replacement Term Loans shall not be shorter than the weighted average
life to maturity of such Refinanced Term Loans at the time of such refinancing
(except to the extent of nominal amortization for periods where amortization has
been eliminated as a result of prepayment of the Refinanced Term Loans) and (d)
all other terms applicable to such Replacement Term Loans shall be substantially
identical to, or, taken as a whole, less favorable to the Lenders providing such
Replacement Term Loans than, those applicable to such Refinanced Term Loans,
except to the extent necessary to provide for covenants and other terms
applicable to any period after the latest final maturity of the Term Loans in
effect immediately prior to such refinancing.
If the Administrative Agent and the Company shall have jointly identified an
obvious error or any error or omission of a technical or immaterial nature in
any provision of the Loan Documents, then the Administrative Agent and the
Company shall be permitted to amend such provision and such amendment shall
become effective without any further action or consent of any other party to any
Loan Document if the same is not objected to in writing by the Required Lenders
within five Business Days after notice thereof.
Notwithstanding anything herein to the contrary, the Company and the
Administrative Agent may, without the input or consent of any other Lender,
effect such amendments to this Agreement and the other Loan Documents as may be
necessary or appropriate in the opinion of the Administrative Agent to effect
the provisions of Section 2.22 or Section 2.23.
Section 10.02. Notices. All notices, requests and demands to or upon the
respective parties hereto to be effective shall be in writing (including by
telecopy), and, unless otherwise expressly provided herein, shall be deemed to
have been duly given or made when delivered, or three Business Days after being
deposited in the mail, postage prepaid, or, in the case of delivery by hand,
overnight courier service or telecopy notice, when received, addressed (a) in
the case of any Borrower and the Administrative Agent, as follows, (b) in the
case of the Lenders and the other Agents, as set forth in an Administrative
Questionnaire delivered to the Administrative Agent or, in the case of a Lender
which becomes a party to this Agreement pursuant to an Assignment and
Acceptance, in such Assignment and Acceptance or (c) in the case of any party,
to such other address as such party may hereafter notify to the other parties
hereto:

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The Borrowers:

Verint Systems Inc.
330 South Service Road
Melville, New York 11747
Attention: Chief Financial Officer
Telecopy: 631-962-9623
Telephone: 631-962-9846 (Chief Financial Officer )

With a copy to:
Verint Systems Inc.
330 South Service Road
Melville, New York 11747
Attention: Chief Legal Officer
Telecopy: 631-962-9623
Telephone: 631-962-9462 (Chief Legal Officer)
And a further copy to:
Jones Day
222 E. 41st Street
New York, New York 10017
Attention: Charles N. Bensinger III
Telecopy: 212-755-7306
Telephone: 212-326-3797
The Administrative Agent:
Credit Suisse
Eleven Madison Avenue, 23rd Floor
New York, New York 10010
Attention: Agency Manager
Telecopy: 212-322-2291
Email: agency.loanops@credit-suisse.com
Issuing Lender:
As notified by such Issuing Lender to the Administrative Agent and the Company
 
 

; provided that any notice, request or demand to or upon the any Agent, any
Issuing Lender or any Lender shall not be effective until received.
The Company hereby agrees, unless directed otherwise by the Administrative Agent
or unless the electronic mail address referred to below has not been provided by
the Administrative Agent to the Company, that it will, or will cause its
Subsidiaries to, provide to the Administrative Agent all information, documents
and other materials that it is obligated to furnish to the Administrative Agent
pursuant to the Loan Documents or to the Lenders under Article 6 including all
notices, requests, financial statements, financial and other reports,
certificates and other information materials, but excluding any such
communication that (i) is or relates to a Borrowing Notice, a notice pursuant to
Section 2.11 or a notice requesting the issuance, amendment, extension or
renewal of a Letter of Credit pursuant to Article 3, (ii) relates to the payment
of any principal or other amount due under this Agreement prior to the scheduled
date therefor, (iii) provides notice of any Default or Event of Default under
this Agreement or any other Loan Document or (iv) is required to be delivered to
satisfy any condition precedent to the effectiveness of this Agreement and/or
any Borrowing or other extension of credit hereunder (all such non-excluded
communications being referred to herein collectively as “Communications”), by
transmitting the Communications in an electronic/soft medium that is properly
identified in a format acceptable to the Administrative Agent to an electronic
mail

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address as directed by the Administrative Agent. In addition, the Company
agrees, and agrees to cause its Subsidiaries, to continue to provide the
Communications to the Administrative Agent or the Lenders, as the case may be,
in the manner specified in the Loan Documents but only to the extent requested
by the Administrative Agent.
The Company hereby acknowledges that (a) the Administrative Agent will make
available to the Lenders and the Issuing Lender materials and/or information
provided by or on behalf of the Company hereunder (collectively, the “Company
Materials”) by posting the Company Materials on Intralinks or another similar
electronic system (the “Platform”) and (b) certain of the Lenders may be
“public-side” Lenders (i.e., Lenders that do not wish to receive material
non-public information with respect to the Company or its securities) (each, a
“Public Lender”). The Company hereby agrees that (w) all Company Materials that
are to be made available to Public Lenders shall be clearly and conspicuously
marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall
appear prominently on the first page thereof; (x) by marking Company Materials
“PUBLIC,” the Company shall be deemed to have authorized the Administrative
Agent and the Lenders to treat such Company Materials as not containing any
material non-public information with respect to the Company or its securities
for purposes of United States federal and state securities laws (provided,
however, that for the avoidance of doubt, to the extent such Company Materials
constitute Information, they shall be subject to the provisions of Section
10.15); (y) all Company Materials marked “PUBLIC” are permitted to be made
available through a portion of the Platform designated as “Public Investor;” and
(z) the Administrative Agent shall be entitled to treat any Company Materials
that are not marked “PUBLIC” as being suitable only for posting on a portion of
the Platform not marked as “Public Investor.” Notwithstanding the foregoing, the
following Company Materials shall be marked “PUBLIC”, unless the Company
notifies the Administrative Agent promptly that any such document contains
material non-public information: (1) the Loan Documents and (2) notification of
effective changes in the terms of the Facilities.
Each Public Lender agrees to cause at least one individual at or on behalf of
such Public Lender to at all times have selected the “Private Side Information”
or similar designation on the content declaration screen of the Platform in
order to enable such Public Lender or its delegate, in accordance with such
Public Lender’s compliance procedures and applicable law, including United
States Federal and state securities laws, to make reference to Communications
that are not made available through the “Public Side Information” portion of the
Platform and that may contain material non-public information with respect to
the Company or its securities for purposes of United States Federal or state
securities laws.
THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. NEITHER THE ADMINISTRATIVE
AGENT NOR ANY OF ITS RELATED PARTIES WARRANTS THE ACCURACY OR COMPLETENESS OF
THE COMMUNICATIONS OR THE ADEQUACY OF THE PLATFORM AND EACH EXPRESSLY DISCLAIMS
LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY
KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS IS MADE BY THE

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ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES IN CONNECTION WITH THE
COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR
ANY OF ITS RELATED PARTIES HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER OR
ANY OTHER PERSON FOR DAMAGES OF ANY KIND, WHETHER OR NOT BASED ON STRICT
LIABILITY AND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL
DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT
OF ANY LOAN PARTY’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS
THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY SUCH PERSON IS
FOUND IN A FINAL RULING BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED
FROM SUCH PERSON’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.
The Administrative Agent agrees that the receipt of the Communications by the
Administrative Agent at its e-mail address set forth above shall constitute
effective delivery of the Communications to the Administrative Agent for
purposes of the Loan Documents. Each Lender agrees that receipt of notice to it
(as provided in the next sentence) specifying that the Communications have been
posted to the Platform shall constitute effective delivery of the Communications
to such Lender for purposes of the Loan Documents. Each Lender agrees to notify
the Administrative Agent in writing (including by electronic communication) from
time to time of such Lender’s e-mail address to which the foregoing notice may
be sent by electronic transmission and that the foregoing notice may be sent to
such e-mail address.
Nothing herein shall prejudice the right of the Administrative Agent or any
Lender to give any notice or other communication pursuant to any Loan Document
in any other manner specified in such Loan Document.
Section 10.03. No Waiver; Cumulative Remedies. No failure to exercise and no
delay in exercising, on the part of any Agent, any Lender or any Issuing Lender,
any right, remedy, power or privilege hereunder or under any other Loan Document
shall operate as a waiver thereof; nor shall any single or partial exercise of
any right, remedy, power or privilege hereunder, or any abandonment or
discontinuance of steps to enforce such right, remedy, power or privilege,
preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. The rights, remedies, powers and privileges
provided herein and in any other Loan Document are cumulative and not exclusive
of any rights, remedies, powers and privileges provided by law. No waiver of any
provision of this Agreement or any other Loan Document or consent to any
departure by any Borrower or any other Loan Party therefrom shall in any event
be effective unless the same shall be permitted by Section 10.01, and then such
waiver or consent shall be effective only in the specific instance and for the
purpose for which given. No notice or demand on any Borrower in any case shall
entitle any Borrower to any other or further notice or demand in similar or
other circumstances.
Section 10.04. Survival of Agreement. All covenants, agreements, representations
and warranties made by any Borrower herein and in the certificates or other
instruments prepared or delivered in connection with or pursuant to this
Agreement or any other Loan Document shall be considered to have been relied
upon by the Lenders and each Issuing Lender and shall survive

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the making by the Lenders of the Loans and the issuance of Letters of Credit by
the Issuing Lenders, regardless of any investigation made by the Lenders or the
Issuing Lenders or on their behalf, and shall continue in full force and effect
as long as the principal of or any accrued interest on any Loan or any fee or
any other amount payable under this Agreement or any other Loan Document is
outstanding and unpaid or any Letter of Credit is outstanding and so long as the
Commitments have not been terminated. The provisions of Sections 2.17, 2.18,
2.19 and 10.05 shall remain operative and in full force and effect regardless of
the expiration of the term of this Agreement, the consummation of the
transactions contemplated hereby, the repayment of any of the Loans, the
expiration of the Commitments, the expiration of any Letter of Credit, the
invalidity or unenforceability of any term or provision of this Agreement or any
other Loan Document, or any investigation made by or on behalf of the
Administrative Agent, the Collateral Agent, any Lender or any Issuing Lender.
Section 10.05. Payment of Expenses; Indemnity.
(a)        The Company agrees to pay all reasonable and documented out-of-pocket
expenses incurred by the Administrative Agent, the Collateral Agent, each
Issuing Lender and each other Agent in connection with the syndication of the
Facilities (other than fees payable to syndicate members) and the preparation
and administration of this Agreement and the other Loan Documents or in
connection with any amendments, modifications or waivers of the provisions
hereof or thereof (whether or not the transactions hereby or thereby
contemplated shall be consummated) or incurred by the Administrative Agent, the
Collateral Agent, each Issuing Lender, each other Agent or any Lender in
connection with the enforcement or preservation of its rights in connection with
this Agreement and the other Loan Documents or in connection with the Loans made
or Letters of Credit issued hereunder, including the reasonable and documented
fees, charges and disbursements of Davis Polk & Wardwell LLP, counsel for the
Administrative Agent and the Collateral Agent, and, in connection with any such
enforcement or preservation, the fees, charges and disbursements of any other
counsel for the Administrative Agent, the Collateral Agent, the Issuing Lender,
each other Agent and any Lender; provided that such payment or reimbursement
obligation shall be limited to a single law firm in any jurisdiction (absent an
actual conflict of interest).
(b)        The Company agrees to indemnify the Administrative Agent, the
Collateral Agent, each Lender, each Issuing Lender and each other Agent and each
Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and to hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related expenses, including reasonable
and documented counsel fees, charges and disbursements to the extent incurred by
or asserted against any Indemnitee arising out of, in connection with, or as a
result of (i) the execution or delivery of this Agreement or any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the
performance by the parties hereto or thereto of their respective obligations
hereunder or thereunder or the consummation of the transactions contemplated
hereby or thereby (including the syndication of the Facilities), (ii) the use of
the proceeds of the Loans or issuance of Letters of Credit, (iii) any claim,
litigation, investigation or proceeding relating to any of the foregoing,
whether or not any Indemnitee is a party thereto (and regardless of whether such
matter is initiated by a third party or by the Company, any other Loan

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Party or any of their respective Affiliates), or (iv) any actual or alleged
presence or release of Materials of Environmental Concern on or from any
Property currently or formerly owned, occupied or operated by the Company or any
of the Subsidiaries, or any Environmental Liability related in any way to the
Company or its Subsidiaries or any of their respective properties; provided that
such indemnity shall not, as to any Indemnitee, be available with respect to any
losses, claims, damages, liabilities or related expenses to the extent that such
losses, claims, damages, liabilities or related expenses (A) are determined by a
court of competent jurisdiction by final and nonappealable judgment to have
resulted from (1) the bad faith, gross negligence or willful misconduct of such
Indemnitee or (2) disputes arising solely among Indemnitees (other than any
Agent or its Related Parties in its capacity as an Agent hereunder) and that do
not involve any act or omission by the Company or its Subsidiaries or its
controlled Affiliates or (B) arise from any settlement of any proceeding
effected without the Company’s written consent (which consent shall not be
unreasonably withheld, delayed or conditioned), but if settled with the
Company’s written consent, or if there is a judgment against an Indemnitee in
any such proceeding, the Company agrees to indemnify and hold harmless each
Indemnitee in the manner set forth in this Section 10.05(b) (provided that the
Company’s consent shall not be required to effect any settlement of any such
proceeding if an Event of Default has occurred and is continuing at the time
such settlement is to be effected; provided, further that, if at any time an
Indemnitee shall have requested in accordance with this Agreement that the
Company reimburse such Indemnitee for legal or other expenses in connection with
investigating, responding to or defending any proceeding, the Company shall be
liable for any settlement of any proceeding effected without the Company’s
written consent if (x) such settlement is entered into more than 30 days after
receipt by the Company of such request for reimbursement and (y) the Company
shall not have reimbursed such Indemnitee in accordance with such request prior
to the date of such settlement). Without limiting the foregoing, and to the
extent permitted by applicable law, the Company agrees not to assert and to
cause its Subsidiaries not to assert, and hereby waives and agrees to cause its
Subsidiaries so to waive, all rights for contribution or any other rights of
recovery with respect to all claims, demands, penalties, fines, liabilities,
settlements, damages, costs and expenses of whatever kind or nature, under or
related to Environmental Laws, that any of them might have by statute or
otherwise against the Indemnitee. All amounts due under this Section 10.05 shall
be payable promptly after written demand upon the Company therefor together with
a reasonably detailed invoice. Statements payable by the Company pursuant to
this Section 10.05 shall be submitted to Chief Financial Officer (Telephone
No.631-962-9846) (Fax No. 631-962-9623), at the address of the Company set forth
in Section 10.02, or to such other Person or address as may be hereafter
designated by the Company in a notice to the Administrative Agent.
(c)        To the extent that the Company fails to pay any amount required to be
paid by it to the Administrative Agent, the Collateral Agent, any Issuing Lender
or any other Agent under paragraph (a) or (b) of this Section 10.05, each Lender
severally agrees to pay to the Administrative Agent, the Collateral Agent, such
Issuing Lender or such other Agent, as the case may be, such Lender’s pro rata
share (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought) of such unpaid amount; provided that the
unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted against the
Administrative Agent, the Collateral Agent, such Issuing

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Lender or such other Agent in its capacity as such. For purposes hereof, a
Lender’s “pro rata share” shall be determined based upon its share of the
Aggregate Exposure at the time (in each case, determined as if no Lender were a
Defaulting Lender).
(d)        To the extent permitted by applicable law, none of the parties hereto
shall assert, and each party hereto and each Indemnitee hereby waives, any claim
against any other party hereto, on any theory of liability, for special,
indirect, consequential or punitive damages (as opposed to direct or actual
damages) arising out of, in connection with, or as a result of, this Agreement
or any agreement or instrument contemplated hereby, any Loan or Letter of Credit
or the use of the proceeds thereof; provided that the foregoing shall not
relieve the Company of its indemnification obligations set forth in Section
10.05(b) to the extent any Indemnitee is found so liable.
(e)        The provisions of this Section 10.05 shall remain operative and in
full force and effect regardless of the expiration of the term of this
Agreement, the consummation of the transactions contemplated hereby, the
repayment of any of the Loans, the expiration of the Commitments, the expiration
of any Letter of Credit, the invalidity or unenforceability of any term or
provision of this Agreement or any other Loan Document, or any investigation
made by or on behalf of the Administrative Agent, the Collateral Agent, any
Lender, any Issuing Lender or any other Agent.
Section 10.06. Successors and Assigns; Participations and Assignments. (a) This
Agreement shall be binding upon and inure to the benefit of the Borrowers, the
Lenders, the Agents, the Issuing Lenders, all future holders of the Loans and
their respective successors and assigns, except that no Borrower may assign or
transfer any of its rights or obligations under this Agreement without the prior
written consent of the Agents, each Issuing Lender and each Lender (provided
that a Borrower may merge or consolidate with another Borrower in accordance
with Section 7.04).
(b)        Any Lender may, without the consent of, or notice to, any Borrower or
the Administrative Agent, in accordance with applicable law, at any time sell to
one or more banks, financial institutions or other entities (other than the
Company or any of its controlled Affiliates) (each, a “Participant”)
participating interests in any Loan owing to such Lender, any Commitment of such
Lender or any other interest of such Lender hereunder and under the other Loan
Documents. In the event of any such sale by a Lender of a participating interest
to a Participant, such Lender’s obligations under this Agreement to the other
parties to this Agreement shall remain unchanged, such Lender shall remain
solely responsible for the performance thereof, such Lender shall remain the
holder of any such Loan for all purposes under this Agreement and the other Loan
Documents, and the Borrowers and the Agents shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement and the other Loan Documents. In no event shall
any Participant under any such participation have any right to enforce this
agreement or to approve any amendment or waiver of any provision of any Loan
Document, or any consent to any departure by any Loan Party therefrom, except to
the extent that such amendment, waiver or consent would require the consent of
all Lenders, all affected Lenders or all affected Lenders under a particular
Facility pursuant to Section 10.01. Each Borrower agrees that if amounts

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outstanding under this Agreement and the Loans are due or unpaid, or shall have
been declared or shall have become due and payable upon the occurrence of an
Event of Default, each Participant shall, to the maximum extent permitted by
applicable law, be deemed to have the right of setoff in respect of its
participating interest in amounts owing under this Agreement to the same extent
as if the amount of its participating interest were owing directly to it as a
Lender under this Agreement, provided that, in purchasing such participating
interest, such Participant shall be deemed to have agreed to share with the
Lenders the proceeds thereof as provided in Section 10.07(a) as fully as if such
Participant were a Lender hereunder. Each Borrower also agrees that each
Participant shall be entitled to the benefits of Sections 2.17, 2.18 and 2.19
with respect to its participation in the Commitments and the Loans outstanding
from time to time as if such Participant were a Lender; provided that, in the
case of Section 2.18, such Participant shall have complied with the requirements
of said Section, and provided, further, that no Participant shall be entitled to
receive any greater amount pursuant to any such Section than the transferor
Lender would have been entitled to receive in respect of the amount of the
participation transferred by such transferor Lender to such Participant had no
such transfer occurred. Each Lender that sells a participation shall, acting
solely for this purpose as a non-fiduciary agent of the Borrower, maintain a
register on which it enters the name and address of each participant and the
principal amounts (and interest thereon) of each participant’s interest in the
Loans or other Obligations under this Agreement (the “Participant Register”).
The entries in the Participant Register shall be conclusive absent manifest
error, and the Borrowers, the Lenders and each Agent shall treat each Person
whose name is recorded in the Participant Register as the owner of such
participation for all purposes of this Agreement, notwithstanding notice to the
contrary.
(c)        Any Lender (an “Assignor”) may, in accordance with applicable law, at
any time and from time to time assign to one or more Eligible Assignees (an
“Assignee”) all or any part of its rights and obligations under this Agreement,
with the written consent of the Administrative Agent, the Company and, in the
case of any assignment of Revolving Credit Commitments, each Issuing Lender (in
each case which shall not be unreasonably withheld, delayed or conditioned and,
in the case of the Company, shall be deemed given if such consent is not
received or expressly declined in writing within five Business Days after
request (in accordance with Section 10.02) therefor) pursuant to an Assignment
and Acceptance, substantially in the form of Exhibit D or any other form
approved by the Administrative Agent (an “Assignment and Acceptance”), executed
by such Assignee and such Assignor (and, where the consent of the Company, the
Administrative Agent or the Issuing Lender is required pursuant to the foregoing
provisions, by the Company and such other Persons) and delivered to the
Administrative Agent (A) via an electronic settlement system satisfactory to the
Administrative Agent or (B) if previously agreed by the Administrative Agent,
manually, for its acceptance and recording in the Register; provided that no
such assignment to an Assignee (other than any Lender or any Affiliate or
Related Fund thereof) shall be in an aggregate principal amount (determined as
of the date of the relevant Assignment and Acceptance or, if “Trade Date” is
specified in the Assignment and Assumption, as of the Trade Date) of less than
$1,000,000 (other than in the case of an assignment of all of a Lender’s
interests under this Agreement), unless otherwise agreed by the Company and the
Administrative Agent (each such consent not to be unreasonably withheld or
delayed). Any such assignment need not be ratable as among the Facilities. Upon
such execution, delivery, acceptance and recording, from and after the effective
date determined pursuant to such

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Assignment and Acceptance, (x) the Assignee thereunder shall be a party hereto
and, to the extent provided in such Assignment and Acceptance, have the rights
and obligations of a Lender hereunder with Commitments and/or Loans as set forth
therein, and (y) the Assignor thereunder shall, to the extent provided in such
Assignment and Acceptance, be released from its obligations under this Agreement
(and, in the case of an Assignment and Acceptance covering all of an Assignor’s
rights and obligations under this Agreement, such Assignor shall cease to be a
party hereto, except as to Section 2.17, 2.18 and 10.05 in respect of the period
prior to such effective date). Notwithstanding any provision of this Section
10.06 to the contrary, (I) the consent of the Company shall not be required for
any assignment (x) in the case of any assignment of Term Loans, to another
Lender, an Affiliate of a Lender or a Related Fund of a Lender and, in the case
of any assignment of Revolving Credit Commitments, to another Revolving Credit
Lender, an Affiliate of a Revolving Credit Lender or a Related Fund of a
Revolving Credit Lender, (y) that occurs at any time when any Event of Default
shall have occurred and be continuing or (z) during the primary syndication of
the Loans and the Commitments to Persons identified in writing to the Company as
syndication targets prior to the Amendment Effective Date and (II) the consent
of the Administrative Agent shall not be required for any assignment of Term
Loans to another Lender, an Affiliate of a Lender or a Related Fund of a Lender.
For purposes of the minimum assignment amounts set forth in this paragraph,
multiple assignments by two or more Related Funds shall be aggregated.
(d)        By executing and delivering an Assignment and Acceptance, the
assigning Lender thereunder and the assignee thereunder shall be deemed to
confirm to and agree with each other and the other parties hereto as follows:
(i) such assigning Lender warrants that it is the legal and beneficial owner of
the interest being assigned thereby free and clear of any adverse claim and that
its Term Loan Commitment and Revolving Credit Commitment, and the outstanding
balances of its Term Loans and Revolving Credit Loans, in each case without
giving effect to assignments thereof which have not become effective, are as set
forth in such Assignment and Acceptance, (ii) except as set forth in (i) above
or otherwise agreed in writing between such assigning Lender and such assignee,
such assigning Lender makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations
made in or in connection with this Agreement, or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement,
any other Loan Document or any other instrument or document furnished pursuant
hereto, or the financial condition of the Company or any Subsidiary or the
performance or observance by the Company or any Subsidiary of any of its
obligations under this Agreement, any other Loan Document or any other
instrument or document furnished pursuant hereto; (iii) such assignee represents
and warrants that it is an Eligible Assignee legally authorized to enter into
such Assignment and Acceptance; (iv) such assignee confirms that it has received
a copy of this Agreement, together with copies of the most recent financial
statements referred to in Section 4.01 or delivered pursuant to Section 6.01 and
such other documents and information as it has deemed appropriate to make its
own credit analysis and decision to enter into such Assignment and Acceptance;
(v) such assignee will independently and without reliance upon the
Administrative Agent, the Collateral Agent, such assigning Lender or any other
Lender and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking
action under this Agreement; (vi) such assignee appoints and authorizes the
Administrative Agent

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and the Collateral Agent to take such action as agent on its behalf and to
exercise such powers under this Agreement as are delegated to the Administrative
Agent and the Collateral Agent, respectively, by the terms hereof, together with
such powers as are reasonably incidental thereto; and (vii) such assignee agrees
that it will perform in accordance with their terms all the obligations which by
the terms of this Agreement are required to be performed by it as a Lender.
(e)        The Administrative Agent, acting for this purpose as agent of the
Borrowers, shall maintain at one of its addresses in the City of New York a copy
of each Assignment and Acceptance delivered to it and a register (the
“Register”) for the recordation of the names and addresses of the Lenders and
the Commitment of, and principal amount of the Loans owing to, each Lender from
time to time. The entries in the Register shall be conclusive, in the absence of
manifest error, and the Borrowers, each Agent and the Lenders shall treat each
Person whose name is recorded in the Register as the owner of the Loans and any
Notes evidencing such Loans recorded therein for all purposes of this Agreement.
Any assignment of any Loan, whether or not evidenced by a Note, shall be
effective only upon appropriate entries with respect thereto being made in the
Register (and each Note shall expressly so provide). Any assignment or transfer
of all or part of a Loan evidenced by a Note shall be registered on the Register
only upon surrender for registration of assignment or transfer of the Note
evidencing such Loan, accompanied by a duly executed Assignment and Acceptance;
thereupon, if requested by the Assignee, one or more new Notes in the same
aggregate principal amount shall be issued to the designated Assignee, and the
old Notes shall be returned by the Administrative Agent to the Company marked
“canceled”. The Register shall be available for inspection by the Borrowers or
any Lender (with respect to any entry relating to such Lender’s Loans) at any
reasonable time and from time to time upon reasonable prior notice.
(f)        Upon its receipt of an Assignment and Acceptance executed by an
Assignor and an Assignee (and, in any case where the consent of any other Person
is required by Section 10.06(c), by each such other Person) together with
payment to the Administrative Agent of a registration and processing fee of
$3,500 (which fee may be waived or reduced in the sole discretion of the
Administrative Agent), an Administrative Questionnaire completed in respect of
the assignee (unless the assignee shall already be a Lender hereunder) and any
applicable tax forms, the Administrative Agent shall (i) promptly accept such
Assignment and Acceptance and (ii) on the effective date determined pursuant
thereto record the information contained therein in the Register. Each Borrower,
at its own expense, promptly upon request, shall execute and deliver to the
Administrative Agent (in exchange for the Revolving Credit Note and/or
applicable Term Notes, as the case may be, of the assigning Lender) a new
Revolving Credit Note and/or applicable Term Notes, as the case may be, to the
order of such Assignee in an amount equal to the Revolving Credit Commitment
and/or applicable Term Loans, as the case may be, assumed or acquired by it
pursuant to such Assignment and Acceptance and, if the Assignor has retained a
Revolving Credit Commitment and/or Term Loans, as the case may be, upon request,
a new Revolving Credit Note and/or Term Notes, as the case may be, to the order
of the Assignor in an amount equal to the Revolving Credit Commitment and/or
applicable Term Loans, as the case may be, retained by it hereunder. Such new
Note or Notes shall be dated the Amendment Effective Date and shall otherwise be
in the form of the Note or Notes replaced thereby.

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(g)        Any Lender or participant may, in connection with any assignment or
participation or proposed assignment or participation pursuant to this Section
10.06, disclose to the assignee or participant or proposed assignee or
participant any information relating to the Company furnished to such Lender by
or on behalf of the Company, including notification of the inclusion of, if
applicable, material non-public information regarding the Company and/or its
Subsidiaries; provided that, prior to any such disclosure of information
designated by the Borrower as confidential, each such assignee or participant or
proposed assignee or participant shall execute an agreement, of which the
Company is a third-party beneficiary, whereby such assignee or participant shall
agree to preserve the confidentiality of such confidential information on terms
no less restrictive than those applicable to the Lenders pursuant to Section
10.15.
(h)        For avoidance of doubt, the parties to this Agreement acknowledge
that the provisions of this Section concerning assignments of Loans and Notes
relate only to absolute assignments and that such provisions do not prohibit
assignments creating security interests in Loans and Notes, including, without
limitation, any pledge or assignment by a Lender of any Loan or Note to any
Federal Reserve Bank in accordance with applicable law; provided that no such
assignment shall release a Lender from any of its obligations hereunder or
substitute any such assignee for such Lender as a party hereto.
(i)        Notwithstanding anything to the contrary contained herein, any Lender
(a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”),
identified as such in writing from time to time by the Granting Lender to the
Administrative Agent and the Company, the option to provide to the Borrowers all
or any part of any Loan that such Granting Lender would otherwise be obligated
to make to the Borrowers pursuant to this Agreement; provided that (i) nothing
herein shall constitute a commitment by any SPC to make any Loan and (ii) if an
SPC elects not to exercise such option or otherwise fails to provide all or any
part of such Loan, the Granting Lender shall be obligated to make such Loan
pursuant to the terms hereof. The making of a Loan by an SPC hereunder shall
utilize the Commitment of the Granting Lender to the same extent, and as if,
such Loan were made by such Granting Lender. Each party hereto hereby agrees
that no SPC shall be liable for any indemnity or similar payment obligation
under this Agreement (all liability for which shall remain with the Granting
Lender). In furtherance of the foregoing, each party hereto hereby agrees (which
agreement shall survive the termination of this Agreement) that, prior to the
date that is one year and one day after the payment in full of all outstanding
commercial paper or other indebtedness of any SPC, it will not institute
against, or join any other person in instituting against, such SPC any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
under the laws of the United States or any state thereof. In addition,
notwithstanding anything to the contrary in this Section 10.06(i), any SPC may
(A) with notice to, but without the prior written consent of, the Company and
the Administrative Agent and without paying any processing fee therefor, assign
all or a portion of its interests in any Loans to the Granting Lender, or with
the prior written consent of the Company and the Administrative Agent (which
consent shall not be unreasonably withheld, delayed or conditioned) to any
financial institutions providing liquidity and/or credit support to or for the
account of such SPC to support the funding or maintenance of Loans, and (B)
disclose on a confidential basis in accordance with Section 10.15 any non-public
information relating to its Loans to any rating agency, commercial paper dealer
or provider of any surety, guarantee or

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credit or liquidity enhancement to such SPC; provided that non-public
information with respect to the Company or its Subsidiaries may be disclosed
only with the Company’s consent which will not be unreasonably withheld, delayed
or conditioned.
(j)        If any Revolving Credit Lender shall become a Defaulting Lender or
S&P, Moody’s and Thompson’s BankWatch (or InsuranceWatch Ratings Service, in the
case of Lenders that are insurance companies (or Best’s Insurance Reports, if
such insurance company is not rated by Insurance Watch Ratings Service)) shall,
after the date that any Lender becomes a Revolving Credit Lender, downgrade the
long term certificate deposit ratings of such Lender, and the resulting ratings
shall be below BBB-, Baa3 and C (or BB, in the case of a Lender that is an
insurance company (or B, in the case of an insurance company not rated by
InsuranceWatch Ratings Service)) (or, with respect to any Revolving Credit
Lender that is not rated by any such ratings service or provider, any Issuing
Lender shall have reasonably determined that there has occurred a material
adverse change in the financial condition of any such Lender, or a material
impairment of the ability of any such Lender to perform its obligations
hereunder, as compared to such condition or ability as of the date that any such
Lender became a Revolving Credit Lender) then any Issuing Lender shall have the
right, but not the obligation, at its own expense, upon notice to such Lender
and the Administrative Agent, to replace such Lender with an assignee (in
accordance with and subject to the restrictions contained in paragraph (c)
above), and such Lender hereby agrees to transfer and assign without recourse
(in accordance with and subject to the restrictions contained in paragraph (c)
above) all its interests, rights and obligations in respect of its Revolving
Credit Commitment to such assignee; provided, however, that (1) no such
assignment shall conflict with any law, rule and regulation or order of any
Governmental Authority and (2) such Issuing Lender or such assignee, as the case
may be (but not, for the avoidance of doubt and notwithstanding anything to the
contrary herein, the Company), shall pay to such Lender in immediately available
funds on the date of such assignment the principal of and interest accrued to
the date of payment on the Loans made by such Lender hereunder and all other
amounts accrued for such Lender’s account or owed to it hereunder.
(k)        So long as no Default has occurred or is continuing or would result
therefrom, any Lender may, at any time, assign all or a portion of its rights
and obligations under this Agreement in respect of its Term Loans to the Company
on a non-pro rata basis through (and solely through) Dutch Auctions open to all
Lenders, subject to the following limitations and other provisions:
(i)     the maximum principal amount (calculated on the face amount thereof) of
all Term Loans that the Company may offer to purchase or take assignment of
shall not exceed 20% of the aggregate principal amount of Term Loans made on the
Amendment Effective Date;
(ii)     the Company will not be entitled to receive, and will not receive,
information provided solely to Lenders by the Administrative Agent or any Lender
and will not be permitted to attend or participate in, and will not attend or
participate in, meetings or conference calls attended solely by the Lenders and
the Administrative Agent;

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(iii) borrowings shall not be made under the Revolving Credit Facility to
directly or indirectly fund the purchase or assignment;
(iv) any Term Loans purchased by the Company shall be automatically and
permanently cancelled immediately upon acquisition by the Company;
(v) notwithstanding anything to the contrary contained herein (including in the
definitions of “Consolidated Net Income” and “Consolidated EBITDA”) any noncash
gains in respect of “cancellation of indebtedness” resulting from the
cancellation of any Term Loans purchased by the Company shall be excluded from
the determination of Consolidated Net Income and Consolidated EBITDA;
(vi) the cancellation of Term Loans in connection with a Dutch Auction shall not
constitute a voluntary or mandatory prepayment for purposes of Section 2.09 or
2.10, but the face amount of Term Loans cancelled as provided for in clause (iv)
above shall be applied on a pro rata basis to the remaining scheduled
installments of principal due in respect of the Term Loans;
(vii) the Company shall represent and warrant as of the date of any such
purchase and assignment that neither the Company nor any of its officers has any
material non-public information with respect to the Company or any of its
Subsidiaries or securities that has not been disclosed to the assigning Lender
(other than because such assigning Lender does not wish to receive material
non-public information with respect to the Company and its Subsidiaries or
securities) prior to such date to the extent such information could reasonably
be expected to have a material effect upon, or otherwise be material, to a Term
Loan Lender’s decision to assign Term Loans to the Company;
(viii) after giving effect to any purchase or assignment of Term Loans pursuant
to this Section 10.06(k), the sum of (x) the excess of the Revolving Credit
Commitments over the Revolving Extensions of Credit as of such date and (y) the
aggregate amount of all unrestricted cash and Cash Equivalents of the Company
and its Subsidiaries as of such date shall not be less than $100,000,000; and
(ix)     at the time of the consummation of each purchase and assignment of Term
Loans pursuant to this Section 10.06(k), the Company shall have delivered to the
Administrative Agent an officer’s certificate as to compliance with the
preceding clauses (vii) and (viii).
Section 10.07. Adjustments; Set Off. (a) Except (x) to the extent that this
Agreement provides for payments to be allocated to a particular Lender or to the
Lenders under a particular Facility (or provides for the application of funds
arising from the existence of a Defaulting Lender) or (y) to the extent any
payment is obtained by a Lender as consideration for the assignment of or sale
of a participation in any of its Loans or L/C Disbursements to any assignee or
participant (other than to the Company or any Subsidiary thereof, except
pursuant to Section 10.06(k)), if any Lender (a “Benefitted Lender”) shall at
any time receive any payment of all or part of the Obligations owing to it, or
receive any collateral in respect thereof (whether

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voluntarily or involuntarily, by set off, pursuant to events or proceedings of
the nature referred to in paragraph (f) of Article 8, or otherwise), in a
proportion greater than its pro rata share of any such payment to or collateral
received by any other Lender, if any, in respect of such other Lender’s
Obligations, such Benefitted Lender shall (i) notify the Administrative Agent
and each other Lender of the receipt of such payment and (ii) purchase for cash
at face value from the other Lenders a participating interest in such portion of
each such other Lender’s Obligations, or shall provide such other Lenders with
the benefits of any such collateral, as shall be necessary to cause such
Benefitted Lender to share the excess payment or benefits of such collateral
ratably with each of the Lenders; provided, that if all or any portion of such
excess payment or benefits is thereafter recovered from such Benefitted Lender,
such purchase shall be rescinded, and the purchase price and benefits returned,
to the extent of such recovery, but without interest. Each Borrower expressly
consents to the foregoing arrangements and agrees that any Lender holding a
participation in a Lender’s Obligations deemed to have been so purchased may
exercise any and all rights of setoff as set forth in clause (b) below by reason
thereof as fully as if such Lender had made a Loan directly to such Borrower in
the amount of such participation.
(b)        In addition to any rights and remedies of the Lenders provided by
law, each Lender and each Issuing Lender shall have the right, without prior
notice to the Borrowers, any such notice being expressly waived by the Borrowers
to the extent permitted by applicable law, upon any amount becoming due and
payable by any Borrower hereunder (whether at the stated maturity, by
acceleration or otherwise) after the occurrence and during the continuance of an
Event of Default, to set off and appropriate and apply against such amount any
and all deposits (general or special, time or demand, provisional or final), in
any currency, and any other credits, indebtedness or claims, in any currency, in
each case whether direct or indirect, absolute or contingent, matured or
unmatured, at any time held or owing by such Lender or Issuing Lender or any
branch or agency thereof to or for the credit or the account of any Borrower;
provided that if any Defaulting Lender shall exercise such right of setoff, (x)
all amounts so set off shall be paid over immediately to the Administrative
Agent for further application in accordance with the provisions of Section 2.25
and, pending such payment, shall be segregated by such Defaulting Lender from
its other funds and deemed held in trust for the benefit of the Administrative
Agent, the Collateral Agent, the Issuing Lenders and the Lenders, and (y) the
Defaulting Lender shall provide promptly to the Administrative Agent a statement
describing in reasonable detail the Obligations owing to such Defaulting Lender
as to which it exercised such right of setoff. Each Lender and each Issuing
Lender agrees promptly to notify the Company and the Administrative Agent after
any such setoff and application made by such Lender or such Issuing Lender,
provided that the failure to give such notice shall not affect the validity of
such setoff and application.
Section 10.08. Counterparts. (a) This Agreement may be executed by one or more
of the parties to this Agreement on any number of separate counterparts, and all
of said counterparts taken together shall be deemed to constitute one and the
same instrument. Delivery of an executed signature page of this Agreement by
facsimile or other electronic transmission (e.g. by .PDF or .TIF file) shall be
effective as delivery of a manually executed counterpart hereof. A set of the
copies of the Amendment Agreement signed by all the parties and this Agreement
shall be lodged with the Company and the Administrative Agent.

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(b)        The words “execution,” “signed,” “signature,” and words of like
import in any Assignment and Acceptance shall be deemed to include electronic
signatures or the keeping of records in electronic form, each of which shall be
of the same legal effect, validity or enforceability as a manually executed
signature or the use of a paper-based recordkeeping system, as the case may be,
to the extent and as provided for in any applicable law, including the Federal
Electronic Signatures in Global and National Commerce Act, the New York State
Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act.
Section 10.09. Severability. Any provision of this Agreement that is invalid,
illegal, prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality,
prohibition or unenforceability without affecting, impairing or invalidating the
remaining provisions hereof, and any such invalidity, illegality, prohibition or
unenforceability in any jurisdiction shall not affect, impair, invalidate or
render unenforceable such provision in any other jurisdiction. The parties shall
endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable
provisions.
Section 10.10. Integration. This Agreement, the other Loan Documents, the
Engagement Letter and the “Agent Fee Letter” referred to therein represent the
entire agreement of the Borrowers, the Agents and the Lenders with respect to
the subject matter hereof and thereof, and there are no promises, undertakings,
representations or warranties by any Agent or any Lender relative to the subject
matter hereof not expressly set forth herein or in the other Loan Documents.
Section 10.11. GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER
THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) AND
ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR
RELATED TO THIS AGREEMENT OR ANY SUCH OTHER LOAN DOCUMENTS AND THE TRANSACTIONS
CONTEMPLATED HEREBY AND THEREBY (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS
SOUNDING IN CONTRACT LAW OR TORT LAW OR OTHERWISE ARISING OUT OF THE SUBJECT
MATTER HEREOF) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF
THE STATE OF NEW YORK. EACH LETTER OF CREDIT SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED IN ACCORDANCE WITH, THE LAWS OR RULES DESIGNATED IN SUCH LETTER OF
CREDIT, OR IF NO SUCH LAWS OR RULES ARE DESIGNATED, THE UNIFORM CUSTOMS AND
PRACTICE FOR DOCUMENTARY CREDITS MOST RECENTLY PUBLISHED AND IN EFFECT, ON THE
DATE SUCH LETTER OF CREDIT WAS ISSUED, BY THE INTERNATIONAL CHAMBER OF COMMERCE
(THE “UNIFORM CUSTOMS”) AND, AS TO MATTERS NOT GOVERNED BY THE UNIFORM CUSTOMS,
THE LAWS OF THE STATE OF NEW YORK.
Section 10.12. Submission to Jurisdiction; Waivers.

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(a)        Each of the parties hereto hereby irrevocably and unconditionally
submits, for itself and its Property, to the exclusive jurisdiction of any New
York State court or Federal court of the United States of America sitting in New
York City, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to this Agreement or the other Loan Documents, or for
recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any
such action or proceeding may be heard and determined in such New York State or,
to the extent permitted by law, in such Federal court. Each of the parties
hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or
in any other manner provided by law. Nothing in this Agreement shall affect any
right that the Administrative Agent, the Collateral Agent, any Issuing Lender or
any Lender may otherwise have to bring any action or proceeding relating to this
Agreement or the other Loan Documents against any Borrower or its Properties in
the courts of any jurisdiction.
(b)        Each of the parties hereby irrevocably and unconditionally waives, to
the fullest extent it may legally and effectively do so, any objection which it
may now or hereafter have to the laying of venue of any suit, action or
proceeding arising out of or relating to this Agreement or the other Loan
Documents in any New York State or Federal court. Each of the parties hereto
hereby irrevocably waives, to the fullest extent permitted by law, the defense
of an inconvenient forum to the maintenance of such action or proceeding in any
such court.
(c)        Each party to this Agreement irrevocably consents to service of
process in the manner provided for notices in Section 10.02. Nothing in this
Agreement will affect the right of any party to this Agreement to serve process
in any other manner permitted by law.
Section 10.13. Judgment Currency. If, for the purpose of obtaining judgment in
any court, it is necessary to convert a sum due hereunder in U.S. Dollars into
another currency, the parties hereto agree, to the fullest extent that they may
legally and 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 U.S. Dollars with such other currency in New York, New York, on
the Business Day immediately preceding the day on which final judgment is given.
The obligation of any Borrower in respect of any sum due to any Lender hereunder
in U.S. Dollars shall, to the extent permitted by applicable law,
notwithstanding any judgment in a currency other than Dollars, be discharged
only to the extent that on the Business Day following receipt of any sum
adjudged to be so due in the judgment currency such Lender may in accordance
with normal banking procedures purchase U.S. Dollars in the amount originally
due to such Lender with the judgment currency. If the amount of U.S. Dollars so
purchased is less than the sum originally due to such Lender, each Borrower
agrees, as a separate obligation and notwithstanding any such judgment, to
indemnify such Lender against the resulting loss; and if the amount of U.S.
Dollars so purchased is greater than the sum originally due to such Lender, such
Lender agrees to repay such excess.
Section 10.14. Acknowledgments. Each Borrower hereby acknowledges that:

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(a)        it has been advised by counsel in the negotiation, execution and
delivery of this Agreement and the other Loan Documents;
(b)        no Agent nor any Lender has any fiduciary relationship with or duty
to such Borrower arising out of or in connection with this Agreement or any of
the other Loan Documents, and the relationship between the Agents and the
Lenders, on one hand, and the Borrowers, on the other hand, in connection
herewith or therewith is solely that of debtor and creditor; and
(c)        no joint venture is created hereby or by the other Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby among the
Agents and the Lenders or among the Borrowers and the Lenders.
Section 10.15. Confidentiality. Each of the Agents, the Issuing Lenders and the
Lenders agrees to keep confidential all Information (as defined below); provided
that nothing herein shall prevent any Agent, any Issuing Lender or any Lender
from disclosing any such Information (a) to any Agent, any other Lender or any
Affiliate of any thereof, (b) subject to Section 10.06(g), to any Participant or
Assignee (each, a “Transferee”) or prospective Transferee or to any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction
relating to the Company or any Subsidiary or any of their respective
obligations, in each case, that agrees to comply with the provisions of this
Section or substantially equivalent provisions, (c) to any of its officers,
employees, directors, agents, attorneys, accountants and other professional
advisors (it being understood that the Persons to whom such disclosure is made
will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (d) upon the request or demand of any
Governmental Authority having jurisdiction over it, (e) in response to any order
of any court or other Governmental Authority or as may otherwise be required
pursuant to any Requirement of Law, (f) in connection with any litigation or
similar proceeding, (g) that has been publicly disclosed other than in breach of
this Section 10.15, (h) to any regulatory authority or quasi-regulatory
authority (such as the National Association of Insurance Commissioners or any
similar organization) or any nationally recognized rating agency that requires
access to information about a Lender’s investment portfolio in connection with
ratings issued with respect to such Lender, (i) in connection with the exercise
of any remedy hereunder or under any other Loan Document or (j) with the consent
of the Company. For the purposes of this Section, “Information” shall mean all
information received from or on behalf of any Loan Party and related to the
Company or its Subsidiaries or any of their business, other than any such
information that was available to the Administrative Agent, the Collateral
Agent, any Issuing Lender or any Lender on a nonconfidential basis prior to such
disclosure. Any Person required to maintain the confidentiality of Information
as provided in this Section 10.15 shall be considered to have complied with its
obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord its
own confidential information.
Section 10.16. Release of Collateral and Guarantee Obligations.
(a)        Notwithstanding anything to the contrary contained herein or in any
other Loan Document, upon the request of the Company in connection with (i) any
Disposition of Property

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permitted by the Loan Documents (other than a Disposition to a Loan Party) or
(ii) any merger, consolidation or amalgamation permitted by the Loan Documents,
the Administrative Agent shall (without notice to, or vote or consent of, any
Lender, or any Affiliate of any Lender that is a party to any Specified Hedge
Agreement or any Specified Cash Management Agreement) take such actions as shall
be required to release its security interest in any Collateral being Disposed of
in such Disposition (but not in any proceeds thereof) or any Capital Stock
necessary to permit consummation of such merger, consolidation or amalgamation
(provided, to the extent applicable, the Company shall comply with Section 6.08
in connection therewith), and to release any guarantee obligations under the
Loan Documents of any Person being Disposed of in such Disposition or any entity
that is not the surviving entity of any merger, consolidation or amalgamation,
to the extent necessary to permit consummation of such Disposition, merger,
consolidation or amalgamation in accordance with the Loan Documents.
(b)        Notwithstanding anything to the contrary contained herein or in any
other Loan Document, when all Obligations (other than obligations in respect of
any Specified Hedge Agreement or any Specified Cash Management Agreement,
contingent indemnity obligations not then due and payable and contingent
reimbursement obligations in respect of outstanding Letters of Credit) have been
paid in full, all Commitments have terminated or expired and no Letter of Credit
shall be outstanding (or all outstanding Letters of Credit have been cash
collateralized, or in respect of which back-stop letters of credit have been
provided, in each case in an amount equal to 103% of the aggregate outstanding
face amount thereof and pursuant to arrangements otherwise reasonably
satisfactory to the Administrative Agent and the Issuing Lender), upon the
request of the Company, the Administrative Agent shall (without notice to, or
vote or consent of, any Lender, or any Affiliate of any Lender that is party to
any Specified Hedge Agreement or any Specified Cash Management Agreement) take
such actions as shall be required to release its security interest in all
Collateral, and to release all guarantee obligations under any Loan Document,
whether or not on the date of such release there may be outstanding Obligations
in respect of Specified Hedge Agreements or Specified Cash Management
Agreements. Any such release of guarantee obligations shall be deemed subject to
the provision that such guarantee obligations shall be reinstated if after such
release any portion of any payment in respect of the Obligations guaranteed
thereby shall be rescinded or must otherwise be restored or returned upon the
insolvency, bankruptcy, dissolution, liquidation or reorganization of any
Borrower or any Subsidiary Guarantor, or upon or as a result of the appointment
of a receiver, intervenor or conservator of, or trustee or similar officer for,
any Borrower or any Subsidiary Guarantor or any substantial part of its
property, or otherwise, all as though such payment had not been made.
(c)        Neither the Administrative Agent nor the Collateral Agent shall be
responsible for or have a duty to ascertain or inquire into any representation
or warranty regarding the existence, value or collectability of the Collateral,
the existence, priority or perfection of the Collateral Agent’s Lien thereon, or
any certificate prepared by any Loan Party in connection therewith, nor shall
the Administrative Agent or the Collateral Agent be responsible or liable to the
Lenders for any failure to monitor or maintain any portion of the Collateral.
Section 10.17. WAIVERS OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY

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RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL PROCEEDING DIRECTLY
OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY
OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.17.
Section 10.18. USA PATRIOT Act Notice. Each Lender and the Administrative Agent
(for itself and not on behalf of any Lender) hereby notifies the Borrowers that
pursuant to the requirements of the USA PATRIOT Act, it is required to obtain,
verify and record information that identifies the Borrowers, which information
includes the name and address of the Borrowers and other information that will
allow such Lender or the Administrative Agent, as applicable, to identify the
Borrowers in accordance with the USA PATRIOT Act.
Section 10.19. Replacement Lenders. (a) The Company shall be permitted to
replace any Lender that is a Defaulting Lender; provided that (A) such
replacement or removal does not conflict with any Requirement of Law, (B) the
Company shall be liable to such replaced Lender under Section 2.19 (as though
Section 2.19 were applicable) if any Eurodollar Loan owing to such replaced
Lender shall be purchased other than on the last day of the Interest Period or
maturity date relating thereto, (C) the replacement financial institution shall
purchase, at par, all Loans and other amounts owing to such replaced Lender on
or prior to the date of replacement, (D) the replaced Lender shall be obligated
to make such replacement in accordance with the other provisions of Section
10.06 (provided that the Company shall be obligated to pay the registration and
processing fee referred to therein), (E) the Company shall pay all additional
amounts (if any) required pursuant to Section 2.17 or 2.18, as the case may be,
in respect of any period prior to the date on which such replacement shall be
consummated, and (F) any such replacement shall not be deemed to be a waiver of
any rights that the Company, the Administrative Agent or any other Lender shall
have against the replaced Lender; provided, further that, in connection with any
such assignment of rights and obligations of any Defaulting Lender hereunder, no
such assignment shall be effective unless and until the parties to the
assignment shall make such additional payments to the Administrative Agent in an
aggregate amount sufficient, upon distribution thereof as appropriate (which may
be outright payment, purchases by the assignee of participations or
subparticipations, or other compensating actions, including funding, with the
consent of the Company and the Administrative Agent, the applicable pro rata
share of Loans previously requested but not funded by the Defaulting Lender, to
each of which the applicable assignee and assignor hereby irrevocably consent),
to (x) pay and satisfy in full all payment liabilities then owed by such
Defaulting Lender to the Administrative Agent, the Collateral Agent, each
Issuing Lender and each other Lender hereunder (and interest accrued

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thereon), and (y) acquire (and fund as appropriate) its full pro rata share of
all Loans and participations in Letters of Credit in accordance with its
Revolving Credit Percentage (and notwithstanding the foregoing, if any
assignment of rights and obligations of any Defaulting Lender hereunder shall
become effective under applicable law without compliance with the provisions of
this paragraph, then the assignee of such interest shall be deemed to be a
Defaulting Lender for all purposes of this Agreement until such compliance
occurs).
(b)        The Company shall be permitted to replace any Lender (in the case of
clause (ii) below, within 120 days of the applicable failure to consent
referenced therein) (i) that requests reimbursement owing pursuant to Section
2.17 or 2.18 or (ii) in connection with any proposed amendment, modification,
supplement or waiver with respect to any of the provisions of the Loan Documents
as contemplated in Section 10.01 where such amendment, modification, supplement
or waiver requires the consent of either (x) all or all affected Lenders, and
the consent of the holders of more than 66⅔% of the aggregate amount of the Term
Loans and the then outstanding Total Revolving Credit Commitments then in effect
(or, if the Revolving Credit Commitments have been terminated, the Total
Revolving Extensions of Credit then outstanding) is obtained or (y) all affected
Lenders under any Facility, and the consent of the holders of more than 66⅔% of
the aggregate amount of Loans or Commitments, as applicable, under the relevant
Facility is obtained, and such Lender fails to consent to such proposed action;
provided that (A) such replacement or removal does not conflict with any
Requirement of Law, (B) the Company shall be liable to such replaced Lender
under Section 2.19 (as though Section 2.19 were applicable) if any Eurodollar
Loan owing to such replaced Lender shall be purchased other than on the last day
of the Interest Period or maturity date relating thereto, (C) the replacement
financial institution shall purchase, at par, all Loans and other amounts owing
to such replaced Lender on or prior to the date of replacement and shall have
consented to the proposed amendment, (D) the replaced Lender shall be obligated
to make such replacement in accordance with the provisions of Section 10.06
(provided that the Company shall be obligated to pay the registration and
processing fee referred to therein), (E) the Company shall pay all additional
amounts (if any) required pursuant to Section 2.17 or 2.18, as the case may be,
in respect of any period prior to the date on which such replacement shall be
consummated, and (F) any such replacement shall not be deemed to be a waiver of
any rights that the Company, the Administrative Agent or any other Lender shall
have against the replaced Lender.
Section 10.20. Headings. Article and Section headings and the Table of Contents
used herein are for convenience of reference only, are not part of this
Agreement and are not to affect the construction of, or to be taken into
consideration in interpreting, this Agreement.
Section 10.21. Lender Action. Each Lender agrees that it shall not take or
institute any actions or proceedings, judicial or otherwise, for any right or
remedy against any Loan Party or any other obligor under any of the Loan
Documents (including the exercise of any right of setoff, rights on account of
any banker’s lien or similar claim or other rights of self-help), or institute
any actions or proceedings, or otherwise commence any remedial procedures, with
respect to any Collateral or any other property of any such Loan Party, unless
expressly provided for herein or in any other Loan Document, without the prior
written consent of the Administrative Agent. The provisions of this Section
10.21 are for the sole benefit of the Lenders and shall not afford any

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right to, or constitute a defense available to, any Loan Party.
Section 10.22. Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan or
participation in any payment or disbursement made by an Issuing Lender pursuant
to a Letter of Credit, together with all fees, charges and other amounts which
are treated as interest on such Loan or such participation under applicable law
(collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum
Rate”) which may be contracted for, charged, taken, received or reserved by the
Lender holding such Loan or participation in accordance with applicable law, the
rate of interest payable in respect of such Loan or participation hereunder,
together with all Charges payable in respect thereof, shall be limited to the
Maximum Rate and, to the extent lawful, the interest and Charges that would have
been payable in respect of such Loan or participation but were not payable as a
result of the operation of this Section 10.22 shall be cumulated and the
interest and Charges payable to such Lender in respect of other Loans or
participations or periods shall be increased (but not above the Maximum Rate
therefor) until such cumulated amount, together with interest thereon at the
Federal Funds Effective Rate to the date of repayment, shall have been received
by such Lender.

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Section 10.23. Amendment and Restatement; No Novation. This Agreement
constitutes for all purposes an amendment and restatement of the Existing Credit
Agreement. The Existing Credit Agreement, as amended and restated hereby,
continues in full force and effect as so amended and restated by this Agreement.
Nothing contained in the Amendment Agreement, this Agreement or any other Loan
Document shall constitute or be construed as a novation of any of the
Obligations.

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ANNEX A
Revolving Credit Commitments
Revolving Credit Lender
Revolving Credit Commitment

Credit Suisse AG, Cayman Islands Branch

$40,000,000

Deutsche Bank Trust Company Americas

$40,000,000

Royal Bank of Canada

$40,000,000

Barclays Bank PLC

$40,000,000

HSBC Bank USA, N.A.

$40,000,000

Total:

$200,000,000

Term Loan Commitments
Term Loan Lender
Term Loan Commitment

Credit Suisse AG, Cayman Islands Branch

$650,000,000

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