Exhibit 10.1

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CREDIT AGREEMENT

dated as of September 21, 2007,

among

SPX CORPORATION,

The Foreign Subsidiary Borrowers Party Hereto,

The Lenders Party Hereto,

BANK OF AMERICA, N.A.,

as Administrative Agent,

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,

as Foreign Trade Facility Agent,

JPMORGAN CHASE BANK, N.A,

as Syndication Agent

and

CITIBANK, N.A.

and

THE BANK OF NOVA SCOTIA,

as Co-Documentation Agents

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BANC OF AMERICA SECURITIES LLC,

and

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,

as Joint Lead Arrangers

BANC OF AMERICA SECURITIES LLC,

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,

and

J.P. MORGAN SECURITIES INC.,

as Joint Book Managers

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TABLE OF CONTENTS

ARTICLE I  DEFINITIONS

1

 

Section 1.1.

Defined Terms

1

 

Section 1.2.

Classification of Loans and Borrowings

30

 

Section 1.3.

Terms Generally

30

 

Section 1.4.

Accounting Terms; GAAP

31

 

Section 1.5.

Exchange Rates

31

 

Section 1.6.

Currency Conversion

31

 

Section 1.7.

Times of Day

32

 

Section 1.8.

Face Amount

32

ARTICLE II  THE CREDITS

32

 

Section 2.1.

Commitments; Incremental Facilities

32

 

Section 2.2.

Loans and Borrowings

33

 

Section 2.3.

Requests for Borrowings

34

 

Section 2.4.

Swingline Loans

35

 

Section 2.5.

Letters of Credit

36

 

Section 2.6.

Foreign Credit Instruments

41

 

Section 2.7.

Funding of Borrowings

59

 

Section 2.8.

Interest Elections

59

 

Section 2.9.

Termination and Reduction of Commitments

61

 

Section 2.10.

Evidence of Debt

61

 

Section 2.11.

Repayment of Loans

62

 

Section 2.12.

Prepayment of Loans

63

 

Section 2.13.

Certain Payment Application Matters

64

 

Section 2.14.

Fees

65

 

Section 2.15.

Interest

66

 

Section 2.16.

Alternate Rate of Interest

67

 

Section 2.17.

Increased Costs

68

 

Section 2.18.

Break Funding Payments

69

 

Section 2.19.

Taxes

69

 

Section 2.20.

Payments Generally; Pro Rata Treatment; Sharing of Set-offs

72

 

Section 2.21.

Mitigation Obligations; Replacement of Lenders

73

 

Section 2.22.

Change in Law

74

 

Section 2.23.

Foreign Subsidiary Borrowers

75

ARTICLE III  REPRESENTATIONS AND WARRANTIES

76

 

Section 3.1.

Organization; Powers

76

 

Section 3.2.

Authorization; Enforceability

76

 

Section 3.3.

Governmental Approvals; No Conflicts

76

 

Section 3.4.

Financial Condition; No Material Adverse Change

77

 

Section 3.5.

Properties

77

 

Section 3.6.

Litigation and Environmental Matters

77

 

Section 3.7.

Compliance with Laws and Agreements

78

 

Section 3.8.

Investment Company Status

78

 

Section 3.9.

Taxes

78

 

Section 3.10.

ERISA

78

 

ii

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Section 3.11.

Disclosure

78

 

Section 3.12.

Subsidiaries

79

 

Section 3.13.

Labor Matters

79

 

Section 3.14.

Solvency

79

 

Section 3.15.

Senior Indebtedness

79

 

Section 3.16.

Security Documents

79

ARTICLE IV  CONDITIONS

80

 

Section 4.1.

Effective Date

80

 

Section 4.2.

Each Credit Event

81

ARTICLE V  AFFIRMATIVE COVENANTS

82

 

Section 5.1.

Financial Statements and Other Information

82

 

Section 5.2.

Notices of Material Events

84

 

Section 5.3.

Information Regarding Collateral

84

 

Section 5.4.

Existence; Conduct of Business

85

 

Section 5.5.

Payment of Obligations

85

 

Section 5.6.

Maintenance of Properties

85

 

Section 5.7.

Insurance

85

 

Section 5.8.

Books and Records; Inspection and Audit Rights

85

 

Section 5.9.

Compliance with Laws and Contractual Obligations

86

 

Section 5.10.

Use of Proceeds and Letters of Credit and Foreign Credit Instruments

86

 

Section 5.11.

Additional Collateral

86

 

Section 5.12.

Further Assurances

88

 

Section 5.13.

Post-Closing Obligations

88

ARTICLE VI  NEGATIVE COVENANTS

88

 

Section 6.1.

Financial Condition Covenants

88

 

Section 6.2.

Indebtedness

89

 

Section 6.3.

Liens

91

 

Section 6.4.

Fundamental Changes

93

 

Section 6.5.

Investments, Loans, Advances, Guarantees and Acquisitions

94

 

Section 6.6.

Disposition of Assets

96

 

Section 6.7.

Sale and Leaseback Transactions

97

 

Section 6.8.

Restricted Payments

97

 

Section 6.9.

Payments of Certain Indebtedness; Certain Derivative Transactions.

98

 

Section 6.10.

Transactions with Affiliates

99

 

Section 6.11.

Restrictive Agreements

99

 

Section 6.12.

Amendment of Material Documents, etc

100

ARTICLE VII  EVENTS OF DEFAULT

101

ARTICLE VIII  THE AGENTS

103

 

Section 8.1.

Appointment and Authority

103

 

Section 8.2.

Rights as a Lender

104

 

Section 8.3.

Exculpatory Provisions

104

 

Section 8.4.

Reliance by the Agents

105

 

Section 8.5.

Delegation of Duties

105

 

Section 8.6.

Resignation of Agents

106

 

Section 8.7.

Non-Reliance on Agents and Other Lenders

107

 

Section 8.8.

No Other Duties; Etc

107

 

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Section 8.9.

Administrative Agent May File Proofs of Claim

108

 

Section 8.10.

Collateral and Guaranty Matters

108

ARTICLE IX  MISCELLANEOUS

109

 

Section 9.1.

Notices

109

 

Section 9.2.

Waivers; Amendments

110

 

Section 9.3.

Expenses; Indemnity; Damage Waiver

113

 

Section 9.4.

Successors and Assigns; Participations and Assignments

114

 

Section 9.5.

Survival

119

 

Section 9.6.

Counterparts; Integration

119

 

Section 9.7.

Severability

119

 

Section 9.8.

Right of Setoff

119

 

Section 9.9.

Governing Law; Jurisdiction; Consent to Service of Process

120

 

Section 9.10.

Headings

120

 

Section 9.11.

Confidentiality

120

 

Section 9.12.

WAIVER OF JURY TRIAL

121

 

Section 9.13.

Release of Collateral.

121

 

Section 9.14.

Judgment Currency

122

 

Section 9.15.

USA Patriot Act Notice

123

 

Section 9.16.

No Advisory or Fiduciary Responsibility

123

 

Section 9.17.

Waiver of Notice of Termination

123

 

iv

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SCHEDULES:

 

 

 

1.1A

 

Commitments

 

1.1B

 

Material Subsidiaries

 

1.1C

 

Foreign Credit Instrument Requirements

 

1.1D

 

Additional Currencies

 

2.5

 

Existing Letters of Credit

 

2.6(a)

 

Existing Foreign Credit Instruments

 

2.6(g)

 

Obligations of Foreign Issuing Lenders

 

2.6(k)

 

Procedures for Release of Foreign Credit Instruments

 

2.6(m)

 

Form of Agreement for Joint Signature Foreign Credit Instruments

 

2.6(r)

 

Reports

 

2.23

 

Foreign Subsidiary Borrowers

 

3.4

 

Disclosed Matters

 

3.12

 

Subsidiaries

 

3.16

 

UCC Filing Jurisdictions

 

6.2

 

Existing Indebtedness

 

6.3

 

Existing Liens

 

6.5

 

Existing Investments

 

6.11

 

Existing Restrictions

 

 

 

 

 

EXHIBITS:

 

 

 

A

 

Form of Guarantee and Collateral Agreement

 

B

 

Form of Closing Certificate

 

C

 

Form of Assignment and Assumption

 

D

 

Form of Exemption Certificate

 

E

 

Form of Borrowing Subsidiary Agreement

 

F

 

Form of Borrowing Subsidiary Termination

 

G

 

Form of Incremental Facility Activation Notice

 

H

 

Form of New Lender Supplement

 

I

 

Form of Utilization Request

 

J

 

Form of Domestic Revolving Note

 

K

 

Form of Global Revolving Note

 

L

 

Form of Swingline Note

 

M

 

Form of Term Note

 

N

 

Form of Compliance Certificate

 

O

 

Form of Foreign Issuing Lender Joinder Agreement

 

 

v

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CREDIT AGREEMENT

CREDIT AGREEMENT, dated as of September 21, 2007, among SPX CORPORATION, a
Delaware corporation (the “Parent Borrower”), the Foreign Subsidiary Borrowers
(as hereinafter defined) party hereto, the Lenders party hereto, DEUTSCHE BANK
AG DEUTSCHLANDGESCHÄFT BRANCH, as Foreign Trade Facility Agent, and BANK OF
AMERICA, N.A., as Administrative Agent.

The parties hereto hereby agree as follows:

ARTICLE I

DEFINITIONS

SECTION 1.1.            DEFINED TERMS.

As used in this Agreement, the following terms have the meanings specified
below:

“ABR”:  when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are bearing interest at a rate
determined by reference to the Alternate Base Rate.

“Act”:  as defined in Section 9.15.

“Additional Commitment Lender”:  as defined in Section 2.6(b)(iii).

“Additional Foreign Issuing Lender”:  as defined in Section 2.6(b)(iv).

“Adjusted LIBO Rate”:  with respect to any Eurocurrency Borrowing for any
Interest Period, an interest rate per annum (rounded upwards, if necessary, to
the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period
multiplied by (b) the LIBO Reserve Percentage.

“Administrative Agent”:  Bank of America, in its capacity as administrative
agent for the Lenders hereunder; it being understood that matters concerning
Foreign Credit Instruments will be administered by Deutsche Bank (the “Foreign
Trade Facility Agent”) and therefore all notices concerning such Foreign Credit
Instruments will be required to be given at the Foreign Trade Administrative
Office.

“Administrative Agent’s Office”:  with respect to any currency, the
Administrative Agent’s address as set forth in Section 9.1(b) with respect to
such currency or such other address with respect to such currency as the
Administrative Agent may from time to time notify to the Parent Borrower and the
Lenders.

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

“Advance Payment Guarantee”:  a customary standby letter of credit or bank
guarantee or surety issued by a Foreign Issuing Lender in favor of customers of
the Parent Borrower or any of its Subsidiaries for the purpose of securing the
obligation to refund advance payments made by such customers in the case
contractual obligations vis-à-vis such customers are not fulfilled.

“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

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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.

“Agent Parties”:  as defined in Section 9.1.

“Agents”:  the Administrative Agent and the Foreign Trade Facility Agent, and
“Agent” means any one of them.

“Agreement”:  this Credit Agreement.

“Alternate Base Rate”:  for any day a fluctuating rate per annum equal to the
higher of (a) the Federal Funds Effective Rate plus 0.50% and (b) the rate of
interest in effect for such day as publicly announced from time to time by Bank
of America as its “prime rate.”  The “prime rate” is a rate set by Bank of
America based upon various factors including Bank of America’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 announced rate.  Any change in the “prime rate” announced by Bank of
America shall take effect at the opening of business on the day specified in the
public announcement of such change.

“Alternative Currency”:  each of Euro, Sterling, each of the currencies of the
countries specified on Schedule 1.1D and any currency that is freely available,
freely transferable and freely convertible into Dollars and in which dealings in
deposits are carried on in the London interbank market; provided that such
currency is reasonably acceptable to the Administrative Agent and the applicable
Issuing Lender.

“Alternative Currency LC Exposure”:  at any time, the sum of (a) the Dollar
Equivalent of the aggregate outstanding amount of obligations under all
Alternative Currency Letters of Credit at such time plus (b) the Dollar
Equivalent of the aggregate principal amount of all LC Disbursements in respect
of Alternative Currency Letters of Credit that have not yet been reimbursed at
such time.

“Alternative Currency Letter of Credit”:  a Letter of Credit denominated in an
Alternative Currency.

“Applicable Percentage”:  with respect to any Lender, (a) with respect to such
Lender’s Domestic Revolving Commitment at any time, the percentage of the total
Domestic Revolving Commitments represented by such Lender’s Domestic Revolving
Commitment, (b) with respect to such Lender’s Global Revolving Commitment at any
time, the percentage of the total Global Revolving Commitments represented by
such Lender’s Global Revolving Commitment and (c) with respect to such Lender’s
Foreign Credit Commitment at any time, the percentage of the total Foreign
Credit Commitments represented by such Lender’s Foreign Credit Commitment.  If
(x) the Domestic Revolving Commitments have terminated or expired, the
Applicable Percentages shall be determined based upon the Domestic Revolving
Commitments most recently in effect, giving effect to any assignments, (y) the
Global Revolving Commitments have terminated or expired, the Applicable
Percentages shall be determined based upon the Global Revolving Commitments most
recently in effect, giving effect to any assignments or (z) the Foreign Credit
Commitments have terminated or expired, the Applicable Percentages shall be
determined based upon the Foreign Credit Commitments most recently in effect,
giving effect to any assignments.

“Applicable Rate”:  (a) with respect to any Loans (other than Incremental Term
Loans), Domestic Revolving Commitment Fees, Global Revolving Commitment Fees,
Letter of Credit Fees, Foreign Credit

2

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Instrument Fees and Foreign Credit Commitment Fees for any day, the applicable
rate per annum set forth below in the applicable grid, based upon the
Consolidated Leverage Ratio as of the most recent Determination Date:

Pricing
Tier

  

Consolidated
Leverage
Ratio

 

Domestic
Revolving
Commitment
Fee

 

Global 
Revolving
Commitment
Fee

 

Letter of
Credit
Fee

 

Foreign
Credit
Commitment
Fee

 

Foreign
Credit
Instrument
Fee

 

LIBO Rate
Loans

 

ABR Loans

 

1

 

< 1.0 to 1.0

 

0.175

%

0.175

%

0.875

%

0.175

%

0.65625

%

0.875

%

0.00

%

2

 

> 1.0 to 1.0 but < 1.5 to 1.0

 

0.20

%

0.20

%

1.00

%

0.20

%

0.75

%

1.00

%

0.00

%

3

 

> 1.5 to 1.0 but < 2.0 to 1.0

 

0.25

%

0.25

%

1.25

%

0.25

%

0.9375

%

1.25

%

0.25

%

4

 

> 2.0 to 1.0 but < 3.0 to 1.0

 

0.30

%

0.30

%

1.50

%

0.30

%

1.125

%

1.50

%

0.50

%

5

 

> 3.0 to 1.0

 

0.35

%

0.35

%

1.75

%

0.35

%

1.3125

%

1.75

%

0.75

%

 

and (b) for Incremental Term Loans, such per annum rates as shall be agreed to
by the Parent Borrower and the applicable Incremental Term Lenders as shown in
the applicable Incremental Facility Activation Notice; provided that, at the
time of the making of any Incremental Term Loans, the Applicable Rate for the
other Term Loans shall automatically be increased if and to the extent required
by Section 2.1(b).

For purposes of the foregoing, (a) the Consolidated Leverage Ratio shall be
determined as of the end of each fiscal quarter of the Parent Borrower’s fiscal
year based upon the Parent Borrower’s consolidated financial statements
delivered pursuant to Section 5.1(a) or (b), and (b) each change in the
Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall
be effective during the period commencing on and including the date of delivery
to the Administrative Agent of such consolidated financial statements indicating
such change and ending on the date immediately preceding the effective date of
the next such change; provided that (i) Pricing Tier 5 shall apply at any time
that an Event of Default has occurred and is continuing or (ii) at the option of
the Administrative Agent or at the request of the Required Lenders, if a
Compliance Certificate is not delivered when due in accordance with Section
5.1(a) or (b), Pricing Tier 5 shall apply as of the first Business Day after the
date on which such Compliance Certificate was required to have been delivered
and shall continue to apply until the first Business Day immediately following
the date a Compliance Certificate is delivered in accordance with Section 5.1(a)
or (b), whereupon the Applicable Rate shall be adjusted based upon the
calculation of the Consolidated Leverage Ratio contained in such Compliance
Certificate.  The Applicable Rate in effect from the Effective Date through the
first Business Day immediately following the date a Compliance Certificate is
required to be delivered pursuant to Section 5.1(b) for the fiscal quarter
ending September 30, 2007 shall be determined based upon Pricing Tier 2. 
Notwithstanding anything to the contrary contained in this definition, the
determination of the Applicable Rate for any period shall be subject to the
provisions of Section 2.15(f).

“Applicable Time”:  with respect to any borrowings and payments in any Qualified
Global Currency, the local time in the place of settlement for such Alternative
Currency as may be determined by the Administrative Agent to be necessary for
timely settlement on the relevant date in accordance with normal banking
procedures in the place of payment.

3

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“Approved Fund”:  any Fund that is administered or managed by (a) a Lender, (b)
an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
administers or manages a Lender.

“Asset Swap”:  the exchange by the Parent Borrower or a Subsidiary of any
portion of its assets for other assets which, or Capital Stock of a Person all
or substantially all of the assets of which, are of a type used in the business
of the Parent Borrower or in a related business, or a combination of any such
assets or Capital Stock of such a Person and cash or Permitted Investments;
provided that in the case of any such exchange involving the exchange of assets
having an aggregate fair market value in excess of $100,000,000, either (a) the
board of directors of the Parent Borrower or (b) the chief financial officer of
the Parent Borrower shall have determined in good faith that the aggregate fair
market value of the assets and other consideration received in connection
therewith shall at least equal the aggregate fair market value of the assets so
exchanged.

“Assignee Group”:  two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor.

“Assignment and Assumption”: an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is
required by Section 9.4(b)), and accepted by the Administrative Agent, in
substantially the form of Exhibit C or any other form approved by the
Administrative Agent.

“Attributable Debt”:  in respect of a Sale/Leaseback Transaction, as at the time
of determination, the present value (discounted at the interest rate assumed in
making calculations in accordance with FAS 13) of the total obligations of the
Parent Borrower or the relevant Subsidiary, as lessee, for rental payments
during the remaining term of the lease included in such Sale/Leaseback
Transaction (including any period for which such lease has been extended).

“Bank of America”:  Bank of America, N.A. and its successors.

“BAS”:  Banc of America Securities LLC, in its capacity as joint lead arranger
and joint book manager.

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

“Borrower Materials”: as defined in Section 5.1.

“Borrowers”:  the collective reference to the Parent Borrower and the Foreign
Subsidiary Borrowers.

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

“Borrowing Request”:  a request by the relevant Borrower for a Borrowing in
accordance with Section 2.3.

“Borrowing Subsidiary Agreement”:  a Borrowing Subsidiary Agreement,
substantially in the form of Exhibit E.

4

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“Borrowing Subsidiary Termination”:  a Borrowing Subsidiary Termination,
substantially in the form of Exhibit F.

“Business Day”:  any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City or (except in the case of Dollar-denominated
Loans) London are authorized or required by law to remain closed; provided that
(a) with respect to any borrowings, disbursements and payments in respect of and
calculations, interest rates and Interest Periods pertaining to Eurocurrency
Loans, such day is also a day on which banks are open for general business in
the principal financial center of the country of the relevant currency, (b) with
respect to notices and determinations in connection with, and payments of
principal and interest on, Loans denominated in Euros, such day is also a day on
which the Trans-European Automated Real-Time Gross Settlement Express Transfer
System (TARGET) (or, if such clearing system ceases to be operative, such other
clearing system (if any) determined by the Administrative Agent to be a suitable
replacement) is open for settlement of payment in Euros, (c) with respect to the
issuance of any Foreign Credit Instrument by a Foreign Issuing Lender, such day
is also a day on which banks are open for general business at the Foreign Trade
Administrative Office and the Lending Office of such Foreign Issuing Lender, (d)
with respect to any Utilization Reduction Notice given by a Foreign Issuing
Lender, such day is also a day on which banks are open for general business at
the Lending Office of such Foreign Issuing Lender, (e) with respect to any
calculation of the Dollar Equivalent pursuant to Section 2.6(n), the
distribution of reports pursuant to Section 2.6(r) and the determination of a
Rebasing Date, such day is also a day on which banks are open for general
business at the Foreign Trade Administrative Office and (f) in all other cases
with respect to the Foreign Trade Facility, such day is also a day on which
banks are open for general business in Düsseldorf.

“Calculation Date”:  two Business Days prior to the last Business Day of each
calendar quarter; provided that each date that is on or about the date of any
borrowing request or rollover request with respect to any Qualified Global
Currency Loan or of any issuance or maturity extension of a Letter of Credit
denominated in an Alternative Currency shall also be a “Calculation Date” with
respect to the relevant Qualified Global Currency or Alternative Currency, as
the case may be.

“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 the amount of such obligations shall be the capitalized amount thereof
determined in accordance with GAAP.

“Capital Stock”:  shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or
other equity ownership interests in a Person.

“Cash Cover”:  as defined in Section 2.6(o)(iv).

“Change in Law”:  (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the
interpretation or application thereof by any Governmental Authority after the
date of this Agreement or (c) compliance by any Lender, Issuing Lender or
Foreign Issuing Lender (or, for purposes of Section 2.17(b), by any lending
office of such Lender, Issuing Lender or Foreign Issuing Lender or by such
Person’s holding company, if any) with any request, guideline or directive
(whether or not having the force of law) of any Governmental Authority made or
issued after the date of this Agreement.

“Change of Control”:  (a) the acquisition of ownership, directly or indirectly,
beneficially, by any “person” or “group” (within the meaning of the Securities
Exchange Act of 1934 and the rules of the Securities and Exchange Commission
thereunder as in effect on the date hereof) of Capital Stock

5

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representing more than 35% of either the aggregate ordinary voting power or the
aggregate equity value represented by the issued and outstanding Capital Stock
of the Parent Borrower; (b) occupation of a majority of the seats (other than
vacant seats) on the board of directors of the Parent Borrower by Persons who
were neither (i) nominated by the board of directors of the Parent Borrower nor
(ii) appointed by directors so nominated; or (c) the occurrence of a “Change of
Control” (or any comparable concept) as defined in any Subordinated Debt
Documents or any Other Permitted Debt Documents.

“Chinese Loan Facility”:  a working capital facility provided to certain Chinese
Subsidiaries of the Parent Borrower by one or more lenders.

“Class”:  when used in reference to any Loan or Borrowing, refers to whether
such Loan, or the Loans comprising such Borrowing, are Domestic Revolving Loans,
Global Revolving Loans, Initial Term Loans, Incremental Term Loans or Swingline
Loans and, when used in reference to any Commitment, refers to whether such
Commitment is a Domestic Revolving Commitment, a Global Revolving Commitment, a
Foreign Credit Instrument Issuing Commitment, Foreign Credit Commitment or a
Term Loan Commitment.

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

“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 Date”:  each date on which, pursuant to Section 5.1, the Parent
Borrower delivers annual financial statements in respect of its fiscal year or
quarterly financial statements in respect of the second quarter of its fiscal
year.

“Commercial Lifetime”:  with respect to any Foreign Credit Instrument that does
not provide for a specific expiration date, the period from the date of issuance
thereof until the expected maturity of such Foreign Credit Instrument as
indicated by the relevant Borrower in its reasonable discretion in the relevant
Utilization Request determined on the basis of the lifetime of the underlying
obligations.

“Commitment”:  a Domestic Revolving Commitment, a Global Revolving Commitment, a
Term Loan Commitment, a Foreign Credit Instrument Issuing Commitment, a Foreign
Credit Commitment or any combination thereof (as the context requires).

“Compliance Certificate”:  as defined in Section 5.1(c).

“Consideration”:  in connection with any acquisition or Investment, the
consideration paid by the Parent Borrower or any of its Subsidiaries in
connection therewith (including consideration in the form of issuance of Capital
Stock of the Parent Borrower or any Subsidiary and assumption of Indebtedness
but excluding, for the purposes of any calculation made pursuant to Section 6.5,
consideration in the form of issuance of Capital Stock of the Parent Borrower).

“Consolidated EBITDA”:  for any period, Consolidated Net Income 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, amortization or write-off of debt discount
and debt issuance costs and commissions, discounts and other premiums, fees and
charges associated with Indebtedness or any Qualified Receivables Transaction,
whether in connection with the Incurrence, prepayment, redemption, termination
or wind-down thereof or otherwise associated with Indebtedness or any Qualified
Receivables Transaction (including the Loans, Foreign Credit Instruments,
letters of credit, bankers’ acceptances and net costs under Hedging Agreements),
(c) depreciation and

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amortization expense, (d) amortization or write-off of intangibles (including
goodwill) and organization costs, (e) any extraordinary or non-recurring
non-cash expenses or non-cash losses; provided that in the event that the Parent
Borrower or any Subsidiary makes any cash payment in respect of any such
extraordinary or non-recurring non-cash expense, such cash payment shall be
deducted from Consolidated EBITDA in the period in which such cash payment is
made, (f) losses on Dispositions of assets outside of the ordinary course of
business, (g) extraordinary or non-recurring cash charges resulting from
restructuring, severance, plant-closings, integration and other non-recurring
events; provided that the amounts referred to in this clause (g) reported in any
fiscal period ending after the Effective Date shall not, in the aggregate during
the term of this Agreement, exceed $60,000,000 on an after-tax basis, and (h)
non-cash compensation expenses, or other non-cash expenses or charges, arising
from the sale of stock, the granting of stock options, the granting of stock
appreciation rights and similar arrangements (including any repricing,
amendment, modification, substitution or change of any such stock, stock option,
stock appreciation rights or similar arrangements), and minus, to the extent
included in the statement of such Consolidated Net Income for such period, (a)
any extraordinary or non-recurring non-cash income or non-cash gains and (b)
gains on Dispositions of assets outside of the ordinary course of business, all
as determined on a consolidated basis; provided that in determining Consolidated
EBITDA for such period, the cumulative effect of any change in accounting
principles (effected either through cumulative effect adjustment or a
retroactive application) shall be excluded.  For the purposes of calculating
Consolidated EBITDA for any period of four consecutive fiscal quarters (each, a
“Reference Period”) pursuant to any determination of the Consolidated Leverage
Ratio or the Consolidated Interest Coverage Ratio, if during such Reference
Period (or, in the case of pro forma calculations, during the period from the
last day of such Reference Period to and including the date as of which such
calculation is made) the Parent Borrower or any Subsidiary shall have made a
Material Disposition or Material Acquisition, Consolidated EBITDA for such
Reference Period shall be calculated after giving pro forma effect thereto as if
such Material Disposition or Material Acquisition occurred on the first day of
such Reference Period (with the Reference Period for the purposes of pro forma
calculations being the most recent period of four consecutive fiscal quarters
for which the relevant financial information is available), without giving
effect (unless permitted for pro forma financial statements prepared in
accordance with Regulation S-X) to cost savings.  As used in this definition,
“Material Acquisition” means any acquisition of property or series of related
acquisitions of property that (a) constitutes all or substantially all of the
assets of a business, unit or division of a Person or constitutes all or
substantially all of the common stock (or equivalent) of a Person and (b)
involves Consideration in excess of $25,000,000; and “Material Disposition”
means any Disposition of property or series of related Dispositions of property
that (a) involves all or substantially all of the assets of a business, unit or
division of a Person or constitutes all or substantially all of the common stock
(or equivalent) of a Subsidiary and (b) yields gross proceeds to the Parent
Borrower or any of its Subsidiaries in excess of $25,000,000.

“Consolidated Interest Coverage Ratio”:  for any period, the ratio of (a)
Consolidated EBITDA for such period to (b) Consolidated Interest Expense for
such period.

“Consolidated Interest Expense”:  for any period, the sum of (a) total cash
interest expense (including that attributable to Capital Lease Obligations) of
the Parent Borrower and its Subsidiaries for such period with respect to all
outstanding Indebtedness of the Parent Borrower and its Subsidiaries (including
all commissions, discounts and other fees and charges owed with respect to
Foreign Credit Instruments, letters of credit and bankers’ acceptance financing
and net cash costs or net cash income under Hedging Agreements in respect of
such Indebtedness to the extent such net cash costs or net cash income, as the
case may be, are allocable to such period in accordance with GAAP), (b) total
dividend payments made by the Parent Borrower or any of its Subsidiaries to any
Person (other than the Parent Borrower or any Wholly Owned Subsidiary Guarantor)
during such period in respect of preferred Capital Stock and (c) to the extent
not otherwise included in “interest expense” (or any like caption) on a
consolidated income statement of the Parent Borrower and its Subsidiaries for
such period, any other

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discounts, fees and expenses comparable to or in the nature of interest under
any Qualified Receivables Transaction; provided that, notwithstanding the
foregoing, in no event shall any of the following constitute “Consolidated
Interest Expense”:  (i) premiums or fees paid by the Parent Borrower or its
Subsidiaries in connection with the prepayment or redemption of Indebtedness or
(ii) any net cash costs or any net cash income, as the case may be, of the
Parent Borrower or its Subsidiaries in connection with termination or wind-down
of any Hedging Agreement.

“Consolidated Leverage Ratio”:  as at the last day of any period, the ratio of
(a) Consolidated Total Debt on such day to (b) Consolidated EBITDA for such
period.

“Consolidated Net Income”:  for any period, the consolidated net income (or
loss) of the Parent Borrower and its Subsidiaries, determined on a consolidated
basis in accordance with GAAP; provided that there shall be excluded (a) the
income (or deficit) of any Person accrued prior to the date it becomes a
Subsidiary of the Parent Borrower or is merged into or consolidated with the
Parent Borrower or any of its Subsidiaries and (b) the income (or deficit) of
any Person (other than a Subsidiary of the Parent Borrower) in which the Parent
Borrower or any of its Subsidiaries has an ownership interest, except to the
extent that any such income is actually received by the Parent Borrower or such
Subsidiary in the form of dividends or similar distributions; provided further
that, solely for purposes of calculating Consolidated Net Income pursuant to
clause (e)(i)(B)(II) of Section 6.8, there shall be excluded (i) (A) any gain or
loss realized upon the sale or other disposition of any property, plant or
equipment of the Parent Borrower or its consolidated Subsidiaries (including
pursuant to any Sale/Leaseback Transaction) which is not sold or otherwise
Disposed of in the ordinary course of business, (B) any gain or loss recorded in
connection with the designation of a discontinued operation (exclusive of its
operating income or loss) and (C) any gain or loss realized upon the sale or
other disposition of any Capital Stock of any Person, (ii) any extraordinary
gain or loss, (iii) the cumulative effect of a change in accounting principles
(effected either through cumulative effect adjustment or a retroactive
application), (iv) any restructuring or special charges appearing on the face of
the statement of operations of the Parent Borrower, (v) any non-cash
compensation charges, or other non-cash expenses or charges, arising from the
grant of or issuance or repricing of stock, stock options or other equity-based
awards or any amendment, modification, substitution or change of any such stock,
stock options or other equity-based awards and (vi) any increase in the cost of
sales or other write-offs or other increased costs resulting from purchase
accounting in relation to any acquisitions net of taxes.

“Consolidated Total Debt”:  at any date, the sum of (a) the aggregate principal
amount of all Indebtedness of the Parent Borrower and its Subsidiaries at such
date (excluding the face amount of undrawn letters of credit, whether or not
issued under this Agreement, and other Foreign Credit Instruments), determined
on a consolidated basis in accordance with GAAP, calculated net of the amount of
cash and cash equivalents, in excess of $50,000,000, that would (in conformity
with GAAP) be set forth on a consolidated balance sheet of the Parent Borrower
and its Subsidiaries for such date, provided that, for purposes of Section
6.8(e), “Consolidated Total Debt” shall be calculated without netting such cash
and cash equivalents, plus (b) without duplication of amounts included in clause
(a) above, an amount equal to the aggregate amount of Receivables Transaction
Attributed Indebtedness associated with any Qualified Receivables Transaction
which is outstanding at such date.

“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.

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

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“Counter-Guarantee”:  (a) a customary standby letter of credit, bank guarantee
or surety (each in compliance with the Mandatory Requirements) issued by a
Foreign Issuing Lender as credit support for an Indirect Foreign Credit
Instrument issued by an Indirect Foreign Issuing Lender or (b) a customary
standby letter of credit, bank guarantee or surety (each in compliance with the
Mandatory Requirements)  issued by a Foreign Issuing Lender as credit support
for a standby letter of credit, bank guarantee or surety issued by another
financial institution.

“Daily Report”:  as defined in Section 2.6(r).

“DB Direct Internet Agreement”:  the db direct internet agreement, dated
November 15, 2005, between the Parent Borrower and the Foreign Trade Facility
Agent regarding the use of the db-direct internet communication facility, as
such agreement may be amended, modified or otherwise supplemented from time to
time.

“Default”:  any event or condition which upon notice, lapse of time or both
would, unless cured or waived, become an Event of Default (including, in any
event, a “Default” under and as defined in the Senior Note Indenture, any
Subordinated Debt Documents or any Other Permitted Debt Documents).

“Determination Date”:  each date that is two Business Days after any Calculation
Date.

“Deutsche Bank”:  Deutsche Bank AG Deutschlandgeschäft Branch and its
successors.

“Deutsche Bank Fee Letter”:  the letter agreement, dated as of August 28, 2007
among the Parent Borrower, Deutsche Bank and Deutsche Bank AG New York Branch,
as amended.

“Disclosed Matters”:  the matters disclosed in Schedule 3.4.

“Dispensable Requirements”:  the requirements under Part B of Schedule 1.1C.

“Disposition”:  with respect to any property, any sale, lease, sale and
leaseback, assignment, conveyance, transfer or other disposition thereof. 
“Dispose” and “Disposed of” have meanings correlative thereto.

“Dollar Equivalent”:  on any date of determination, (a) for the purposes of
determining compliance with Article VI or the existence of an Event of Default
under Article VII (other than for the purpose of determining amounts outstanding
hereunder, in which case clause (b) below shall govern), with respect to any
amount denominated in a currency other than Dollars, the equivalent in Dollars
of such amount, determined in good faith by the Parent Borrower in a manner
consistent with the way such amount is or would be reflected on the Parent
Borrower’s audited consolidated financial statements for the fiscal year in
which such determination is made, (b) with respect to any amount hereunder
denominated in an Alternative Currency or a Qualified Global Currency, the
amount of Dollars that may be purchased with such amount of such currency at the
Exchange Rate (determined as of the most recent Calculation Date by the
Administrative Agent) with respect to such currency, (c) with respect to the
amount of any Foreign Credit Disbursement denominated in a Permitted Currency or
in another currency permitted under Section 2.6(g)(vii), the amount of Dollars
that are required to purchase such amount of such currency at the Exchange Rate
(determined by the applicable Foreign Issuing Lender) with respect to such
currency, and (d) with respect to any calculation hereunder by the Foreign Trade
Facility Agent of the amount of Dollars equivalent to any amount denominated in
another currency, the amount of Dollars calculated by the Foreign Trade Facility
Agent in accordance with the applicable exchange rate provided in Section
2.6(n).

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“Dollars” or “$” refers to lawful money of the United States of America.

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

“Domestic Revolving Commitment”:  with respect to each Lender, the commitment,
if any, of such Lender to make Domestic Revolving Loans and to acquire
participations in Letters of Credit and Swingline Loans hereunder, as such
commitment may be changed from time to time pursuant to this Agreement.  The
amount of each Lender’s Domestic Revolving Commitment as of the Effective Date
is set forth on Schedule 1.1A, or in the Assignment and Assumption pursuant to
which such Lender shall have assumed its Domestic Revolving Commitment, as
applicable.  The aggregate amount of the Domestic Revolving Commitments is FOUR
HUNDRED MILLION DOLLARS ($400,000,000) as of the Effective Date.

“Domestic Revolving Commitment Fee”:  as defined in Section 2.14(a).

“Domestic Revolving Exposure”:  with respect to any Lender at any time, the sum
of the outstanding principal amount of such Lender’s Domestic Revolving Loans,
LC Exposure and Swingline Exposure at such time.

“Domestic Revolving Facility”:  as defined in the definition of Facility.

“Domestic Revolving Lender”:  a Lender with a Domestic Revolving Commitment or
with Domestic Revolving Exposure.

“Domestic Revolving Loan”:  a Loan made pursuant to Section 2.1(a)(ii).

“Domestic Revolving Maturity Date”:  September 21, 2012.

“Domestic Revolving Note”: as defined in Section 2.10(d).

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

“Effective Date”:  the date on which the conditions precedent set forth in
Section 4.1 shall be satisfied, which date is September 21, 2007.

“Eligible Assignee”:   any Person that meets the requirements to be an assignee
under Section 9.4(b)(iv) and (v) (subject to such consents, if any, as may be
required under Section 9.4(b)).

“Emerson JV”:  EGS LLC.

“EMU”:  Economic and Monetary Union as contemplated in the Treaty.

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

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

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

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

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

“Euro”:  the single currency of Participating Member States introduced in
accordance with the provisions of Article 109(1)4 of the Treaty.

“Eurocurrency”:  when used in reference to any Loan or Borrowing, refers to
whether such Loan, or the Loans comprising such Borrowing, are bearing interest
at a rate determined by reference to the Adjusted LIBO Rate.

“Event of Default”:  as defined in Article VII.

“Excess Amount”:  as defined in Section 2.6(o)(i).

“Exchange Rate”:  on any day, (a) with respect to any Alternative Currency or
Qualified Global Currency, the rate at which such Alternative Currency or
Qualified Global Currency may be exchanged into Dollars, as set forth at
approximately 11:00 a.m., London time, on such day on the applicable Reuters
World Spot Page, as determined by the Administrative Agent or (b) with respect
to any Permitted Currency or other currency for a Foreign Credit Instrument
permitted under Section 2.6(g)(vii), the rate at which such Permitted Currency
or other currency may be exchanged into Dollars, as set forth at approximately
11:00 a.m. Düsseldorf, Germany time, on such day on the applicable Reuters World
Spot Page, as determined by the applicable Foreign Issuing Lender.  In the event
that any such rate does not

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appear on any Reuters World Spot Page, the Exchange Rate shall be determined by
reference to such other publicly available service for displaying exchange rates
reasonably selected by the Administrative Agent or the applicable Foreign
Issuing Lender, in consultation with the Parent Borrower for such purpose or, at
the discretion of the Administrative Agent or the applicable Foreign Issuing
Lender, in consultation with the Parent Borrower, such Exchange Rate shall
instead be the arithmetic average of the spot rates of exchange of the
Administrative Agent or the applicable Foreign Issuing Lender, in the market
where its foreign currency exchange operations in respect of such Alternative
Currency, Qualified Global Currency or Permitted Currency or other currency are
then being conducted, at or about 11:00 a.m., local time, on such day for the
purchase of the applicable Alternative Currency, Qualified Global Currency or
Permitted Currency or other currency for delivery two Business Days later;
provided that, if at the time of any such determination, for any reason, no such
spot rate is being quoted, the Administrative Agent or the applicable Foreign
Issuing Lender may use any other reasonable method it deems appropriate to
determine such rate, and such determination shall be presumed correct absent
manifest error.

“Excluded Taxes”:  with respect to the Administrative Agent, any Lender or any
other recipient of any payment to be made by or on account of any obligation of
any Borrower hereunder, (a) income or franchise taxes imposed on (or measured
by) its net income by the United States of America, or by the jurisdiction under
the laws of which such recipient is organized or in which its principal office
is located or, in the case of any Lender, in which its applicable lending office
is located, (b) any branch profits taxes imposed by the United States of America
or any similar tax imposed by any other jurisdiction in which any Borrower is
located, (c) in the case of any Borrowing by the Parent Borrower or any Foreign
Subsidiary Borrower (other than SPX Process Equipment Pty. Ltd., DBT
Technologies (Proprietary) Limited and any Foreign Subsidiary Borrower that
becomes a Borrower hereunder after the Effective Date), with respect to any
Lender (other than an assignee pursuant to a request by a Borrower under Section
2.21(b)), any withholding tax imposed by the jurisdiction in which such Borrower
is located that is (i) imposed on amounts payable to such Lender at the time
such Lender becomes a party to this Agreement or (ii) attributable to such
Lender’s failure to comply with Section 2.19(e) or 2.19(i), except to the extent
that such Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional
amounts from any Borrower with respect to such withholding tax pursuant to
Section 2.19(a) and (d) withholding taxes imposed other than (i) any withholding
taxes with respect to SPX Process Equipment Pty. Ltd. and DBT Technologies
(Proprietary) Limited excluded from clause (c) above, (ii) as a result of an
addition of a Foreign Subsidiary Borrower after the Effective Date or (iii) as a
result of a Change in Law (it being understood that for this purpose the term
Change in Law shall not include final Treasury regulations under Section 1441 of
the Code becoming effective).

“Existing Credit Agreement”:  the Credit Agreement dated as of November 18,
2005, as amended through the date hereof, among the Parent Borrower, the Foreign
Subsidiary Borrowers party thereto, the lenders party thereto and JPMorgan Chase
Bank, N.A., as administrative agent.

“Existing Foreign Credit Instruments”:  any outstanding standby letter of
credit, bank guarantee, surety or other foreign credit instrument which is
issued by a Foreign Issuing Lender and listed on Schedule 2.6(a).

“Existing Letters of Credit”:  as defined in Section 2.5(a).

“Extended Foreign Trade Maturity Date”:  as defined in Section 2.6(b)(i).

 “Extension Acceptance Notice”:  as defined in Section 2.6(b)(i).

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“Extension Date”:  as defined in Section 2.6(b)(i).

“Extension Notice”:  as defined in Section 2.6(b)(i).

“Face Amount”:  with respect to any Foreign Credit Instrument or Letter of
Credit, the principal face amount of such Foreign Credit Instrument or Letter of
Credit in Dollars or, as the case may be, any other currency in which such
Foreign Credit Instrument or Letter of Credit has been issued, such amount
representing the maximum liability of the applicable Foreign Issuing Lender
under such Foreign Credit Instrument or the applicable Issuing Lender under such
Letter of Credit which may only be increased by fees and interest payable with
respect to the secured obligation if, and to the extent, so provided for under
the terms of such Foreign Credit Instrument or such Letter of Credit.

“Facility”:  each of (a) the Term Loan Commitments and the Initial Term Loans
made hereunder (the “Term Loan Facility”), (b) the Domestic Revolving
Commitments and the Domestic Revolving Loans made hereunder (the “Domestic
Revolving Facility”), (c) the Global Revolving Commitments and the Global
Revolving Loans made hereunder (the “Global Revolving Facility”), (d) the
Foreign Credit Instrument Issuing Commitments, the Foreign Credit Commitments,
the Foreign Credit Instruments issued hereunder and the Existing Foreign Credit
Instruments governed hereby (the “Foreign Trade Facility”) and (e) the
Incremental Term Loans (the “Incremental Term Loan Facility”).

“Federal Funds Effective Rate”:  for any day, the rate per annum equal to the
weighted average of the rates on overnight federal funds transactions with
members of the Federal Reserve System arranged by federal funds brokers on such
day, as published by the Federal Reserve Bank of New York on the Business Day
next succeeding such day; provided that (a) if such day is not a Business Day,
the Federal Funds Rate for such day shall be such rate on such transactions on
the next preceding Business Day as so published on the next succeeding Business
Day, and (b) if no such rate is so published on such next succeeding Business
Day, the Federal Funds Rate for such day shall be the average rate (rounded
upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of
America on such day on such transactions as reasonably determined by the
Administrative Agent.

“Fee Letter”:  the letter agreement, dated as of August 7, 2007 among the Parent
Borrower, Bank of America and BAS.

“Financial Officer”:  the chief financial officer, principal accounting officer,
treasurer or controller of the Parent Borrower.

“Foreign Credit Commitment”:  with respect to each Lender, the obligation of
such Lender to purchase participations in each Foreign Credit Instrument
hereunder, as such obligation may be changed from time to time pursuant to this
Agreement.  The amount of each Lender’s Foreign Credit Commitment as of the
Effective Date is set forth on Schedule 1.1A, or in the Assignment and
Assumption pursuant to which such Lender shall have assumed its Foreign Credit
Commitment, as applicable.  The aggregate amount of the Foreign Credit
Commitments is NINE HUNDRED FIFTY MILLION DOLLARS ($950,000,000) as of the
Effective Date.

“Foreign Credit Commitment Fee”:  as defined in Section 2.6(p)(i).

“Foreign Credit Disbursement”:  as defined in Section 2.6(h)(i).

“Foreign Credit Fronting Fee”:  as defined in Section 2.6(p)(iii).

“Foreign Credit Handling Fee”:  as defined in Section 2.6(p)(iv).

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“Foreign Credit Instrument”:  a Warranty Guarantee, a Performance Guarantee, an
Advance Payment Guarantee, a Tender Guarantee, a General Purpose Guarantee, a
Counter-Guarantee or an Existing Foreign Credit Instrument.

“Foreign Credit Instrument Fee”:  as defined in Section 2.6(p)(ii).

“Foreign Credit Instrument Issuing Commitment”:  with respect to each Foreign
Issuing Lender, the commitment of such Foreign Issuing Lender to issue Foreign
Credit Instruments, as such commitment may be changed from time to time pursuant
to this Agreement.  The amount of each Foreign Issuing Lender’s Foreign Credit
Instrument Issuing Commitment as of the Effective Date is set forth on Schedule
1.1A.  The aggregate principal amount of the Foreign Credit Instrument Issuing
Commitments as of the Effective Date is NINE HUNDRED FIFTY MILLION DOLLARS
($950,000,000).

“Foreign Credit Instrument Requirements”:  the Dispensable Requirements and the
Mandatory Requirements.

“Foreign Credit Instrument Termination Date”:  as defined in Section 2.6(k)(i).

“Foreign Credit Reimbursement Obligation”:  the obligation of each relevant
Borrower to reimburse the relevant Foreign Issuing Lender pursuant to Section
2.6(h) for Foreign Credit Disbursements.

“Foreign Issuing Lender”:  (a) a Lender with a Foreign Credit Instrument Issuing
Commitment or with Foreign Trade Exposure, (b) a Person that has had its Foreign
Credit Instrument Issuing Commitment terminated at the election of the Parent
Borrower pursuant to the terms of Section 2.6(b)(i) but that has issued prior to
such termination Foreign Credit Instruments and/or Joint Signature Foreign
Credit Instruments pursuant to Section 2.6 that continue to remain outstanding
following such termination  (for which it has not received a Counter Guarantee
at the election of the Parent Borrower in its sole discretion as credit support
for such Foreign Credit Instruments and/or Joint Signature Foreign Credit
Instruments) and (c) with respect to those Existing Foreign Credit Instruments
set forth in Part B of Schedule 2.6(a), the Lender designated as the issuer of
any such Existing Foreign Credit Instrument on such Schedule 2.6(a).

“Foreign Issuing Lender Joinder Agreement”:  a joinder agreement, substantially
in the form of Exhibit O, executed and delivered in accordance with the
provisions of Section 2.6(t).

“Foreign Subsidiary”:  any Subsidiary (a) that is organized under the laws of a
jurisdiction other than the United States of America or any State thereof or the
District of Columbia or (b) that is a Foreign Subsidiary Holdco.

“Foreign Subsidiary Borrower”:  (a) with respect to the Global Revolving
Facility, any Foreign Subsidiary of the Parent Borrower designated as a Foreign
Subsidiary Borrower by the Parent Borrower pursuant to Section 2.23(a) that has
not ceased to be a Foreign Subsidiary Borrower pursuant to such Section and (b)
with respect to the Foreign Trade Facility, any Foreign Subsidiary of the Parent
Borrower designated as a Foreign Subsidiary Borrower by the Parent Borrower
pursuant to Section 2.23(b) that has not ceased to be a Foreign Subsidiary
Borrower pursuant to such Section.  Part A of Schedule 2.23 sets forth a list of
the Foreign Subsidiary Borrowers under the Global Revolving Facility as of the
Effective Date, and Part B of Schedule 2.23 sets forth a list of the Foreign
Subsidiary Borrowers under the Foreign Trade Facility as of the Effective Date.

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“Foreign Subsidiary Holdco”:  any Domestic Subsidiary that has no material
assets other than the Capital Stock of one or more Foreign Subsidiaries, and
other assets relating to an ownership interest in any such Capital Stock.

“Foreign Subsidiary Opinion”:  with respect to any Foreign Subsidiary Borrower,
a legal opinion of counsel to such Foreign Subsidiary Borrower addressed to the
Administrative Agent (and, with respect to any Foreign Subsidiary Borrower under
the Foreign Trade Facility, the Foreign Trade Facility Agent) and the Lenders in
form and substance reasonably satisfactory to the Administrative Agent (and,
with respect to any Foreign Subsidiary Borrower under the Foreign Trade
Facility, the Foreign Trade Facility Agent).

“Foreign Trade Administrative Office”:  the office of the Foreign Trade Facility
Agent located at Trade Center, Königsalle 45 – 47, 40212 Düsseldorf, Germany, or
such other office as may be designated by the Foreign Trade Facility Agent by
written notice to the Parent Borrower, the Administrative Agent and the Lenders.

“Foreign Trade Exposure”:  with respect to any Foreign Issuing Lender at any
time, the sum of (a) the Dollar Equivalent of the aggregate outstanding amount
of such Foreign Issuing Lender’s obligations in respect of all Foreign Credit
Instruments issued by it at such time plus (b) the Dollar Equivalent of the
aggregate principal amount of all Foreign Credit Disbursements made by such
Foreign Issuing Lender that have not yet been reimbursed by or on behalf of the
relevant Borrower at such time.

“Foreign Trade Facility”:  as defined in the definition of Facility.

“Foreign Trade Facility Agent”:  as defined in the definition of Administrative
Agent.

“Foreign Trade Maturity Date”:  September 21, 2012, as such date may be extended
pursuant to Section 2.6(b).

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

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

“General Purpose Guarantee”:  a customary standby letter of credit or bank
guarantee or surety issued by a Foreign Issuing Lender for the purpose of
supporting any obligations of the Parent Borrower or any of its Subsidiaries,
other than (a) Advance Payment Guarantees, (b) Warranty Guarantees, (c)
Performance Guarantees, (d) Tender Guarantees and (e) any other customary
standby letter of credit, bank guarantee or surety issued to secure obligations
which are recognized as Indebtedness, save customs guarantees, guarantees for
rental payments and for the benefit of tax authorities and guarantees used as
collateral in connection with court proceedings.

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

 “Global Revolving Commitment”:  with respect to each Lender, the commitment, if
any, of such Lender to make Global Revolving Loans hereunder, as such commitment
may be changed from time to time pursuant to this Agreement.  The amount of each
Lender’s Global Revolving Commitment as of the Effective Date is set forth on
Schedule 1.1A, or in the Assignment and Assumption pursuant to which

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such Lender shall have assumed its Global Revolving Commitment, as applicable. 
The aggregate amount of the Global Revolving Commitments is TWO HUNDRED MILLION
DOLLARS ($200,000,000) as of the Effective Date.

“Global Revolving Commitment Fee”:  as defined in Section 2.14(a).

“Global Revolving Exposure”:  with respect to any Lender at any time, the sum of
(a) the aggregate outstanding principal amount of such Lender’s Global Revolving
Loans at such time that are denominated in Dollars plus (b) the Dollar
Equivalent at such time of the aggregate outstanding principal amount of such
Lender’s Global Revolving Loans at such time that are denominated in Qualified
Global Currencies.

“Global Revolving Facility”:  as defined in the definition of Facility.

“Global Revolving Lender”:  a Lender with a Global Revolving Commitment or with
Global Revolving Exposure.

“Global Revolving Loan”:  a Loan made pursuant to Section 2.1(a)(iii).

“Global Revolving Maturity Date”:  September 21, 2012.

“Global Revolving Note”: as defined in Section 2.10(d).

“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 European central bank or other similar
agency, authority or regulatory body), any securities exchange and any
self-regulatory organization (including the National Association of Insurance
Commissioners).

“Guarantee:  with respect to any Person (the “guarantor”), any obligation,
contingent or otherwise, of the guarantor guaranteeing or having the economic
effect of guaranteeing any Indebtedness or other obligation of any other Person
(the “primary obligor”) in any manner, whether directly or indirectly, and
including any obligation of the guarantor, direct or indirect, (a) to purchase
or pay (or advance or supply funds for the purchase or payment of) such
Indebtedness or other obligation or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof, (b) to purchase or
lease property, securities or services for the purpose of assuring the owner of
such Indebtedness or other obligation of the payment thereof, (c) to maintain
working capital, equity capital or any other financial statement condition or
liquidity of the primary obligor so as to enable the primary obligor to pay such
Indebtedness or other obligation or (d) as an account party in respect of any
letter of credit or letter of guaranty issued to support such Indebtedness or
obligation; provided, that the term Guarantee shall not include endorsements for
collection or deposit in the ordinary course of business, supplier, purchaser or
customer arrangements in the ordinary course of business, Standard Receivables
Undertakings or “comfort” letters delivered to auditors in connection with
statutory audits.

“Guarantee and Collateral Agreement”:  the Guarantee and Collateral Agreement to
be executed and delivered by the Parent Borrower and the Subsidiary Guarantors
in favor of the Administrative Agent, in substantially the form of Exhibit A, as
the same may be amended, supplemented or otherwise modified from time to time.

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

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

“Incremental Facility Activation Notice”:  a notice substantially in the form of
Exhibit G.

“Incremental Term Lenders”:  each Lender with an outstanding Incremental Term
Loan.

“Incremental Term Loan Facility”:  as defined in the definition of Facility.

“Incremental Term Loan Maturity Date”:  with respect to the Incremental Term
Loans to be made pursuant to any Incremental Facility Activation Notice, the
maturity date specified in such Incremental Facility Activation Notice, which
date shall be a date no earlier than the final maturity of the other Term Loans
entered into prior to the delivery of such Incremental Facility Activation
Notice.

“Incremental Term Loans”:  as defined in Section 2.1(b).

“Incur”:  as defined in Section 6.2.  “Incurrence” and “Incurred” shall have
correlative meanings.

“Indebtedness”:  with respect to any Person, without duplication, (a) all
obligations of such Person for borrowed money, (b) all obligations of such
Person evidenced by bonds, debentures, notes or similar instruments, (c) all
obligations of such Person under conditional sale or other title retention
agreements relating to property acquired by such Person (other than current
trade payables Incurred in the ordinary course of business and payable in
accordance with customary practices), (d) all obligations of such Person in
respect of the deferred purchase price of property or services (other than (i)
current trade payables or liabilities for deferred payment for services to
employees and former employees, in each case Incurred in the ordinary course of
business and payable in accordance with customary practices and (ii) unsecured
Payables Programs in respect of current trade payables Incurred in the ordinary
course of business, so long as the aggregate amount at any time outstanding that
is owed in respect of such Payables Programs does not exceed an amount equal to
the current trade payables so financed plus interest (or equivalent), yield,
indemnities, fees and expenses in connection therewith), (e) all Indebtedness of
others secured by (or for which the holder of such Indebtedness has an existing
right, contingent or otherwise, to be secured by) any Lien on property owned or
acquired by such Person, whether or not the Indebtedness secured thereby has
been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g)
all Capital Lease Obligations of such Person, (h) all obligations, contingent or
otherwise, of such Person as an account party in respect of letters of credit
and letters of guaranty, (i) all obligations, contingent or otherwise, of such
Person in respect of bankers’ acceptances, (j) all preferred and/or redeemable
Capital Stock of any Subsidiary of such Person that, by its terms (or by the
terms of any security into which it is convertible or for which it is
exchangeable at the option of the holder thereof), or upon the happening of any
event, matures or is mandatorily redeemable, pursuant to a sinking fund
obligation or otherwise, or redeemable at the option of the holder thereof, in
whole or in part, on or prior to the date that is six months after the latest
maturity date for Loans hereunder, (k) Receivables Transaction Attributed
Indebtedness and (l) solely for the purposes of Section 6.2, all obligations of
such Person in respect of Hedging Agreements.  The Indebtedness of any Person
(i) 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

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liable therefor as a result of such Person’s ownership interest in or other
relationship with such entity, except to the extent the terms of such
Indebtedness provide that such Person is not liable therefor and (ii) shall
exclude customer deposits in the ordinary course of business.

“Indemnified Taxes”:  Taxes other than Excluded Taxes.

“Indemnitees”:  as defined in Section 9.3(b).

“Indirect Foreign Credit Instrument”:  as defined in Section 2.6(g)(iv).

“Indirect Foreign Issuing Lender”:  as defined in Section 2.6(g)(iv).

“Information”:  as defined in Section 9.11.

“Information Memorandum”:  the Confidential Information Memorandum, dated August
14, 2007, relating to the Parent Borrower and the Facilities.

“Initial Term Loan”:  a Loan made pursuant to Section 2.1(a)(i).

“Initial Term Loan Lender”:  a Lender with a Term Loan Commitment or with an
outstanding Initial Term Loan.

“Interest Election Request”:  a request by the relevant Borrower to convert or
continue Borrowing of Domestic Revolving Loans or Global Revolving Loans or Term
Loan Borrowing in accordance with Section 2.8.

“Interest Payment Date”:  (a) with respect to any ABR Loan (including a
Swingline Loan), the last Business Day of each March, June, September and
December and the Domestic Revolving Maturity Date, the Global Revolving Maturity
Date or the Term Loan Maturity Date, as applicable; and (b) with respect to any
Eurocurrency Loan, the last day of each Interest Period applicable to such Loan
and the Domestic Revolving Maturity Date, the Global Revolving Maturity Date or
the Term Loan Maturity Date, as applicable; provided, however, that if any
Interest Period for a Eurocurrency Loan exceeds three months, the respective
dates that fall every three months after the beginning of such Interest Period
shall also be Interest Payment Dates.

“Interest Period”:  with respect to any LIBO Rate Loan, the period commencing on
the date such LIBO Rate Loan is disbursed or converted to or continued as a LIBO
Rate Loan and ending on the date one, two, three or six months thereafter, as
selected by the Parent Borrower in its Borrowing Request, or nine or twelve
months thereafter, as requested by the Parent Borrower and consented to by all
of the Lenders, provided that:

(a)           any Interest Period that would otherwise end on a day that is not
a Business Day shall be extended to the next succeeding Business Day unless such
Business Day falls in another calendar month, in which case such Interest Period
shall end on the next preceding Business Day;

(b)           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.  For
purposes hereof, the date of a Borrowing initially shall be the date on which
such Borrowing is made and thereafter shall be the effective date of the most
recent conversion or continuation of such Borrowing;

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(c)           no Interest Period with respect to any Global Revolving Loan shall
extend beyond the Global Revolving Maturity Date;

(d)           no Interest Period with respect to any Domestic Revolving Loan
shall extend beyond the Domestic Revolving Maturity Date;

(e)           no Interest Period with respect to the Initial Term Loan shall
extend beyond the Term Loan Maturity Date; and

(f)            no Interest Period with respect to the Incremental Term Loan
shall extend beyond the Incremental Term Loan Maturity Date.

“Investments”:  as defined in Section 6.5.

“Issuing Lender”:  as the context may require, (a) Bank of America, with respect
to Letters of Credit issued by it, (b) any other Domestic Revolving Lender that
becomes an Issuing Lender pursuant to Section 2.5(1), with respect to Letters of
Credit issued by it, and (c) any Domestic Revolving Lender that has issued an
Existing Letter of Credit, with respect to such Existing Letter of Credit and,
in each case its successors in such capacity as provided in Section 2.5(i).  Any
Issuing Lender may, in its discretion, arrange for one or more Letters of Credit
to be issued by Affiliates of such Issuing Lender, in which case the term
“Issuing Lender” shall include any such Affiliate with respect to Letters of
Credit issued by such Affiliate.

“Joint Foreign Issuing Lenders”:  as defined in Section 2.6(m)(i).

“Joint Foreign Trade Facility Agent”:  as defined in Section 2.6(m)(ii).

“Joint Signature Foreign Credit Instrument”:  a Foreign Credit Instrument issued
by two or more Foreign Issuing Lenders acting as several debtors in accordance
with Section 2.6(m).

“Judgment Currency”:  as defined in Section 9.14(a).

“Judgment Currency Conversion Rate”:  as defined in Section 9.14(a).

“Latest Notification Day”:  as defined in Section 2.6(g)(i).

“LC Disbursement”:  a payment made by the applicable Issuing Lender pursuant to
a Letter of Credit.

“LC Exposure”:  at any time, the sum of (a) the aggregate outstanding amount of
all Letters of Credit that are denominated in Dollars at such time plus (b) the
aggregate principal amount of all LC Disbursements that are denominated in
Dollars that have not yet been reimbursed by or on behalf of the relevant
Borrower at such time plus (c) the Alternative Currency LC Exposure at such
time.  The LC Exposure of any Domestic Revolving Lender at any time shall be its
Applicable Percentage of the total LC Exposure at such time.

“Lenders”:  the Persons listed on Schedule 1.1A and any other Person that shall
have become a party hereto pursuant to an Assignment and Assumption, other than
any such Person that ceases to be a party hereto pursuant to an Assignment and
Assumption.  Unless the context otherwise requires, the term “Lenders” includes
each Domestic Revolving Lender, each Global Revolving Lender, each Incremental

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Term Lender, the Swingline Lender, each Issuing Lender, each Lender with a
Foreign Credit Commitment and each Foreign Issuing Lender.

“Lending Office”:  with respect to any Foreign Issuing Lender, the office
designated by such Foreign Issuing Lender by written notice to the Foreign Trade
Facility Agent, the Administrative Agent and the relevant Borrower.

“Letter of Credit”:  any standby letter of credit (other than a Foreign Credit
Instrument) issued pursuant to this Agreement, including the Existing Letters of
Credit.

“LIBO Rate”:  for any Interest Period with respect to a LIBO Rate Loan, the rate
per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as
published by Reuters (or other commercially available source providing
quotations of BBA LIBOR as designated by the Administrative Agent from time to
time) at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, for deposits in the relevant currency (for
delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period.  If such rate is not available at such time for any
reason, then the “LIBO Rate” for such Interest Period shall be the rate per
annum reasonably determined by the Administrative Agent to be the rate at which
deposits in the relevant currency for delivery on the first day of such Interest
Period in same day funds in the approximate amount of the LIBO Rate Loan being
made, continued or converted by Bank of America and with a term equivalent to
such Interest Period would be offered by Bank of America’s London Branch (or
other Bank of America branch or Affiliate) to major banks in the London or other
offshore interbank market for such currency at their request at approximately
11:00 a.m. (London time) two Business Days prior to the commencement of such
Interest Period.

“LIBO Reserve Percentage”: for any day during any Interest Period, the reserve
percentage (expressed as a decimal, carried out to five decimal places) in
effect on such day, whether or not applicable to any Lender, under regulations
issued from time to time by the Board for determining the maximum reserve
requirement (including any emergency, supplemental or other marginal reserve
requirement) with respect to Eurocurrency funding (currently referred to as
“Eurocurrency liabilities”).  The LIBO Rate for each outstanding Eurocurrency
Loan shall be adjusted automatically as of the effective date of any change in
the LIBO Reserve Percentage.

“Lien”:  with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of
such asset, (b) the interest of a vendor or a lessor under any conditional sale
agreement, capital lease or title retention agreement (or any financing lease
having substantially the same economic effect as any of the foregoing) relating
to such asset and (c) in the case of securities, any purchase option, call or
similar right of a third party with respect to such securities.

“Loan”:  any loan made by any Lender pursuant to this Agreement.

“Loan Documents”:  this Agreement, the Security Documents, each Note, each
Borrowing Subsidiary Agreement, each Borrowing Subsidiary Termination, the Fee
Letter and the Deutsche Bank Fee Letter.

“Loan Parties”:  the Borrowers and the Subsidiary Guarantors.

“Mandatory Requirements”:  the requirements under Part A of Schedule 1.1C.

“Material Adverse Effect”:  a material adverse effect on (a) the business,
property, operations or condition (financial or otherwise) of the Parent
Borrower and its Subsidiaries taken as a whole, (b) the

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ability of the Loan Parties, taken as a whole, to perform any of their
obligations under any Loan Document or (c) the rights of or benefits available
to the Lenders under any Loan Document.

“Material Indebtedness”:  Indebtedness (other than the Loans, Letters of Credit
and Foreign Credit Instruments), or obligations in respect of one or more
Hedging Agreements, of any one or more of the Parent Borrower and its
Subsidiaries in an aggregate principal amount exceeding $75,000,000.  For
purposes of determining Material Indebtedness, the “principal amount” of the
obligations of the Parent Borrower or any Subsidiary in respect of any Hedging
Agreement at any time shall be the maximum aggregate amount (giving effect to
any netting agreements) that the Parent Borrower or such Subsidiary would be
required to pay if such Hedging Agreement were terminated at such time.

“Material Subsidiary”:  (a) any Subsidiary listed on Schedule 1.1B as a Material
Subsidiary and (b) any other Subsidiary of the Parent Borrower created or
acquired after the Effective Date that, together with its Subsidiaries, has
aggregate assets (excluding assets that would be eliminated upon consolidation
in accordance with GAAP), at the time of determination, in excess of
$50,000,000.

“Moody’s”:  Moody’s Investors Service, Inc.

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

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

“New Lender Supplement”:  a supplement substantially in the form of Exhibit H.

“Non-U.S. Lender”:  as defined in Section 2.19(e).

“Note” or “Notes”:   the Domestic Revolving Notes, the Global Revolving Notes,
the Swingline Note and/or the Term Notes, individually or collectively, as
appropriate.

“Notice Date”:  as defined in Section 2.6(b)(i).

“Obligation Currency”:  as defined in Section 9.14(a).

“Obligations”:  the collective reference to the unpaid principal of and interest
(and premium, if any) on the Loans, Reimbursement Obligations and Foreign Credit
Reimbursement Obligations and all other obligations and liabilities of the
Borrowers (including interest accruing at the then applicable rate provided
herein after the maturity of the Loans, Reimbursement Obligations and Foreign
Credit

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Reimbursement Obligations and interest accruing at the then applicable rate
provided herein after the filing of any petition in bankruptcy, or the
commencement of any insolvency, reorganization or like proceeding, relating to
any Borrower, whether or not a claim for post-filing or post-petition interest
is allowed in such proceeding) to any Agent or any Lender (or, in the case of
any Hedging Agreement or Specified Cash Management Agreement, any Lender or any
Affiliate of any Lender), whether direct or indirect, absolute or contingent,
due or to become due, or now existing or hereafter Incurred, which may arise
under, out of, or in connection with, this Agreement, the other Loan Documents,
any Hedging Agreement or Specified Cash Management Agreement with any Lender or
any Affiliate of any Lender or any other document made, delivered or given in
connection with any of the foregoing, in each case whether on account of
principal, interest, premium, reimbursement obligations, fees, indemnities,
costs, expenses or otherwise (including all fees and disbursements of counsel to
any Agent or to any Lender that are required to be paid by any Borrower pursuant
to the terms of any of the foregoing agreements).

“Other Permitted Debt”:  any unsecured Indebtedness Incurred by the Parent
Borrower as permitted by Section 6.2(1).

“Other Permitted Debt Documents”:  all indentures, instruments, agreements and
other documents evidencing or governing Other Permitted Debt or providing for
any Guarantee or other right in respect thereof.

“Other Taxes”:  any and all present or future stamp or documentary taxes or any
other excise charges or similar levies arising from the execution, delivery or
enforcement of any Loan Document.

“Parent Borrower”:  as defined in the preamble.

“Participant”:  as defined in Section 9.4(e).

“Participating Member State”:  each state so described in any EMU legislation.

“Payables Programs”:  payables programs established to enable the Parent
Borrower or any Subsidiary to purchase goods and services from vendors.

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

“Performance Guarantee”:  a customary standby letter of credit or bank guarantee
or surety issued by a Foreign Issuing Lender in favor of customers of the Parent
Borrower or any of its Subsidiaries for the purpose of supporting the
fulfillment of such parties’ performance obligations under any construction,
service or similar agreement.

“Permitted Acquisition”:  any acquisition by the Parent Borrower or any
Subsidiary of all or substantially all of the Capital Stock of, or all or
substantially all of the assets of, or of a business, unit or division of, any
Person (including any related Investment in any Subsidiary in order to provide
all or any portion of the Consideration for such acquisition); provided that (a)
the Parent Borrower shall be in compliance, on a pro forma basis after giving
effect to such acquisition, with the covenants contained in Section 6.1, in each
case recomputed as at the last day of the most recently ended fiscal quarter of
the Parent Borrower for which the relevant information is available as if such
acquisition had occurred on the first day of each relevant period for testing
such compliance (as demonstrated, in the case of any acquisition for which the
aggregate Consideration is greater than or equal to $100,000,000, in a
certificate of a Financial Officer delivered to the Administrative Agent prior
to the consummation of such acquisition), (b) no Default or Event of Default
shall have occurred and be continuing, or would occur

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after giving effect to such acquisition, (c) substantially all of the property
so acquired (including substantially all of the property of any Person whose
Capital Stock is directly or indirectly acquired) is useful in the business of
the general type conducted by the Parent Borrower and its Subsidiaries on the
Effective Date or businesses reasonably related thereto, (d) the Capital Stock
so acquired (other than any Capital Stock that is not required by Section 5.11
to become Collateral) shall constitute and become Collateral, (e) if the Ratings
Event shall have occurred, substantially all of the property other than Capital
Stock so acquired (including substantially all of the property of any Person
whose Capital Stock is directly or indirectly acquired when such Person becomes
a direct or indirect Wholly Owned Subsidiary of the Parent Borrower in
accordance with clause (f), below, but excluding any assets to the extent such
assets are not required by Section 5.11 to become Collateral) shall constitute
and become Collateral, (f) any Person whose Capital Stock is directly or
indirectly acquired shall be, after giving effect to such acquisition, (i) with
respect to any such Person that is a Domestic Subsidiary, within six (6) months
of such acquisition, a direct or indirect Wholly Owned Subsidiary of the Parent
Borrower, and (ii) with respect to any such Person that is a Foreign Subsidiary,
within eighteen (18) months of such acquisition at least 80% of the Capital
Stock of such Foreign Subsidiary shall be owned directly or indirectly by the
Parent Borrower, and (g) any such acquisition shall have been approved by the
board of directors or comparable governing body of the relevant Person (unless
such relevant Person is a majority owned Subsidiary prior to such acquisition).

“Permitted Currencies”:  Dollars, Sterling and Euros.

“Permitted Encumbrances”:  (a) Liens imposed by law for taxes that are not yet
due or are being contested in compliance with Section 5.5; (b) carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens
imposed by law, arising in the ordinary course of business and securing
obligations that are not overdue by more than 90 days or are being contested in
compliance with Section 5.5; (c) pledges and deposits made in the ordinary
course of business in compliance with workers’ compensation, unemployment
insurance and other social security laws or regulations; (d) deposits to secure
the performance of bids, trade contracts, leases, statutory obligations, surety,
indemnity, release and appeal bonds, performance or warranty bonds and other
obligations of a like nature, and guarantees  or reimbursement or related
obligations thereof, in each case in the ordinary course of business; (e)
deposits securing liabilities to insurance carriers under insurance or
self-insurance arrangements; (f) judgment (including pre-judgment attachment)
Liens not giving rise to an Event of Default; (g) banker’s Liens, rights of
set-off or similar rights and remedies as to deposit accounts or other funds
maintained with a depositary institution; provided that (i) such deposit account
is not a dedicated cash collateral account and is not subject to restrictions
against access by the Parent Borrower or any Subsidiary in excess of those set
forth by regulations promulgated by the Board or other applicable Governmental
Authority and (ii) such deposit account is not intended by the Parent Borrower
or any Subsidiary to provide collateral to the depositary institution; (h) Liens
arising from UCC financing statement filings regarding operating leases or
consignments entered into by the Parent Borrower and any Subsidiary in the
ordinary course of business; (i) customary restrictions imposed on the transfer
of copyrighted or patented materials or other intellectual property and
customary provisions in agreements that restrict the assignment of such
agreements or any rights thereunder; (j) easements, leases, subleases, ground
leases, zoning restrictions, building codes, rights-of-way, minor defects or
irregularities in title and similar encumbrances on real property imposed by law
or arising in the ordinary course of business that do not secure any monetary
obligations and do not materially detract from the value of the affected
property or interfere with the ordinary conduct of business of the Parent
Borrower or any Subsidiary; and (k) customary unperfected Liens Incurred in the
ordinary course of business that secure current trade payables Incurred in the
ordinary course of business and payable in accordance with customary practices;
provided that such Liens encumber only the assets related to such current trade
payables.  Notwithstanding the foregoing, the term “Permitted Encumbrances”
shall not include any Lien securing Indebtedness.

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“Permitted Investments”:  (a) direct obligations of, or obligations the
principal of and interest on which are unconditionally guaranteed by, the United
States of America (or by any agency or instrumentality thereof to the extent
such obligations are backed by the full faith and credit of the United States of
America), in each case maturing within one year from the date of acquisition
thereof; (b) investments in commercial paper maturing within one year from the
date of acquisition thereof and having, at such date of acquisition, credit
ratings from S&P or from Moody’s of at least “A-2” or “P-2”, respectively; (c)
investments in certificates of deposit, banker’s acceptances, overnight bank
deposits, eurodollar time deposits and time deposits maturing within one year
from the date of acquisition thereof issued or guaranteed by or placed with, and
money market deposit accounts issued or offered by, any domestic office of any
commercial bank organized under the laws of the United States of America or any
State thereof which has a combined capital and surplus and undivided profits of
not less than $500,000,000 or, in the case of Foreign Subsidiaries, any local
office of any commercial bank organized under the laws of the relevant local
jurisdiction or any OECD country or any political subdivision thereof which has
a combined capital and surplus and undivided profits of not less than
$500,000,000 and cash pooling arrangements among Foreign Subsidiaries (sometimes
intermediated by a commercial bank); (d) marketable general obligations issued
by any State of the United States of America or any political subdivision of any
such State or any public instrumentality thereof maturing within one year from
the date of acquisition and, at the time of acquisition, having a credit rating
of “A” or better from either S&P or Moody’s; (e) repurchase agreements with a
term of not more than 30 days for securities described in clause (a), (c) or (d)
above and entered into with a financial institution satisfying the criteria
described in clause (c) above; (f) interests in any investment company or money
market fund which invests substantially all of its assets in instruments of the
type specified in clauses (a) through (e) above; and (g) in the case of Foreign
Subsidiaries (other than any Foreign Subsidiary Holdco), substantially similar
Investments to those set forth in clauses (a) through (f) above denominated in
foreign currencies; provided that references to the United States of America (or
any agency, instrumentality or State thereof) shall be deemed to mean foreign
countries having a sovereign rating of “A” or better from either S&P or Moody’s.

“Permitted Maturity”:  with respect to any Foreign Credit Instrument, a maximum
tenor of 60 months following the respective issuance date; provided that (a) not
more than 33 1/3% of the total Foreign Credit Instrument Issuing Commitments may
be used for Foreign Credit Instruments with a tenor of 48 months or more and (b)
no Foreign Credit Instrument may have a maximum tenor that is more than 24
months after the then effective Foreign Trade Maturity Date.  For purposes of
this definition, “tenor” shall mean the period remaining from time to time until
the maturity of the relevant Foreign Credit Instrument determined on the basis
of the expiration date specified in the relevant Foreign Credit Instrument in
accordance with Section 2.6(c)(iv), or, in the absence of such specific
expiration date, the remaining Commercial Lifetime.

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

“Plan”:  any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or
Section 302 of ERISA, and in respect of which the Parent Borrower or any ERISA
Affiliate is (or, if such plan were terminated, would under Section 4069 of
ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

“Platform”: as defined in Section 5.1.

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“Prepayment Event”:

(a)           any Disposition of property or series of related Dispositions of
property (excluding any such Disposition permitted by paragraph (a), (b), (c) or
(e) of Section 6.6) that yields aggregate gross proceeds to the Parent Borrower
or any of the Subsidiary Guarantors (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 $10,000,000; or

(b)           any casualty or other insured damage to, or any taking under power
of eminent domain or by condemnation or similar proceeding of, any property of
the Parent Borrower or any Subsidiary Guarantor that yields Net Proceeds in
excess of $10,000,000; or

(c)           the Incurrence by the Parent Borrower or any Subsidiary of any
Indebtedness, other than Indebtedness permitted by Section 6.2.

“Public Lender”:  as defined in Section 5.1.

“Qualified Foreign Global Currency”:  any Qualified Global Currency other than
Dollars borrowed in the United States of America.

“Qualified Global Currency”:  (a) Sterling, Euros, Dollars and each of the
currencies of the countries specified on Schedule 1.1D and (b) any other
eurocurrency designated by the Parent Borrower with the consent of the
Administrative Agent and each Global Revolving Lender.

“Qualified Global Currency Borrowing”:  any Borrowing comprised of Qualified
Global Currency Loans.

“Qualified Global Currency Loan”:  any Loan denominated in a Qualified Global
Currency.

“Qualified Receivables Transaction”:  any transaction or series of transactions
that may be entered into by the Parent Borrower or any Subsidiary pursuant to
which the Parent Borrower or any Subsidiary may sell, convey or otherwise
transfer to a Receivables Entity or any other Person, or may grant a security
interest in, any Receivables (whether now existing or arising in the future) of
the Parent Borrower or any Subsidiary, and any assets related thereto including
all collateral securing such Receivables, all contracts and all guarantees or
other obligations in respect of such Receivables, the proceeds of such
Receivables and other assets which are customarily transferred, or in respect of
which security interests are customarily granted, in connection with sales,
factoring or securitizations involving Receivables.

“Ratings Event”:  as defined in Section 5.11(b).

“Rebasing Date”:  as defined in Section 2.6(o)(i).

“Receivable”:  a right to receive payment arising from a sale or lease of goods
or the performance of services by a Person pursuant to an arrangement with
another Person pursuant to which such other Person is obligated to pay for goods
or services under terms that permit the purchase of such goods and services on
credit and shall include, in any event, any items of property that would be
classified as an “account”, “chattel paper”, a “payment intangible” or an
“instrument” under the UCC as in effect in the State of New York and any
“supporting obligations” (as so defined) of such items.

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“Receivables Entity”:  either (a) any Subsidiary or (b) another Person to which
the Parent Borrower or any Subsidiary transfers Receivables and related assets,
in either case which engages in no activities other than in connection with the
financing of Receivables:

(i)            no portion of the Indebtedness or any other obligations
(contingent or otherwise) of which:

(A)          is guaranteed by the Parent Borrower or any Subsidiary (excluding
guarantees of obligations (other than the principal of, and interest on,
Indebtedness) pursuant to Standard Receivables Undertakings);

(B)           is recourse to or obligates the Parent Borrower or any Subsidiary
in any way other than pursuant to Standard Receivables Undertakings; or

(C)           subjects any property or asset of the Parent Borrower or any
Subsidiary, directly or indirectly, contingently or otherwise, to the
satisfaction thereof, other than pursuant to Standard Receivables Undertakings;

(ii)           with which neither the Parent Borrower nor any Subsidiary has any
material contract, agreement, arrangement or understanding (except in connection
with a purchase money note or Qualified Receivables Transaction permitted by
Section 6.6(c)) other than (A) on terms, taken as a whole, no less favorable to
the Parent Borrower or such Subsidiary than those that might be obtained at the
time from Persons that are not Affiliates of the Parent Borrower or (B) for the
payment of fees in the ordinary course of business in connection with servicing
Receivables; and

(iii)          to which neither the Parent Borrower nor any Subsidiary has any
obligation to maintain or preserve such entity’s financial condition or cause
such entity to achieve certain levels of operating results.

“Receivables Transaction Attributed Indebtedness”:  (a) in the case of any
Receivables securitization (including any Qualified Receivables Transaction, but
excluding any sale or factoring of Receivables), the amount of obligations
outstanding under the legal documents entered into as part of such Receivables
securitization on any date of determination that would be characterized as
principal if such Receivables securitization were structured as a secured
lending transaction rather than as a purchase and (b) in the case of any sale or
factoring of Receivables, the cash purchase price paid by the buyer in
connection with its purchase of Receivables (including any bills of exchange)
less the amount of collections received in respect of such Receivables and paid
to such buyer, excluding any amounts applied to purchase fees or discount or in
the nature of interest, in each case as determined in good faith and in a
consistent and commercially reasonable manner by the Parent Borrower (provided
that if such method of calculation is not applicable to such sale or factoring
of Receivables, the amount of Receivables Transaction Attributed Indebtedness
associated therewith shall be determined in a manner mutually acceptable to the
Parent Borrower and the Administrative Agent).

“Reference Period”:  as defined in the definition of Consolidated EBITDA.

“Refinanced Term Loans”:  as defined in Section 9.2(c)(i).

“Register”:  as defined in Section 9.4(c).

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“Reimbursement Obligation”:  the obligation of each relevant Borrower to
reimburse the applicable Issuing Lender pursuant to Section 2.5 for amounts
drawn under Letters of Credit.

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

“Release Date”:  as defined in Section 9.13(a).

“Replacement Term Loans”:  as defined in Section 9.2(c)(i).

“Required Lenders”:  at any time, Lenders holding in the aggregate more than 50%
of the sum (without duplication) of unfunded Revolving Commitments, unfunded
Foreign Credit Commitments, outstanding Loans, participations in outstanding
Letters of Credit, participations in outstanding Foreign Credit Instruments,
participations in Reimbursement Obligations and participations in Foreign Credit
Reimbursement Obligations.

“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.

“Reset Date”:  as defined in Section 1.5(a).

“Restricted Payment”:  any dividend or other distribution (whether in cash,
securities or other property) with respect to any Capital Stock of the Parent
Borrower or any Subsidiary, or any payment (whether in cash, securities or other
property), including any sinking fund or similar deposit, on account of the
purchase, redemption, retirement, acquisition, cancellation or termination of
any Capital Stock of the Parent Borrower or any Subsidiary or any option,
warrant or other right to acquire any such Capital Stock of the Parent Borrower
or any Subsidiary.

“Revolving Commitments”:  the aggregate of the Domestic Revolving Commitments
and the Global Revolving Commitments.

“S&P”:  Standard & Poor’s.

“Sale/Leaseback Transaction”:  as defined in Section 6.7.

“Security Documents”:  the Guarantee and Collateral Agreement and any other
security documents granting a Lien on any property of any Person to secure the
obligations of any Loan Party under any Loan Document.

“Senior Note Indenture”:  the Indenture entered into by the Parent Borrower in
connection with the issuance of the Senior Notes, together with all supplemental
indentures, instruments and other agreements entered into by the Parent Borrower
in connection therewith so long as the foregoing do not increase the aggregate
principal amount of Senior Notes outstanding thereunder.

“Senior Notes”:  the collective reference to (a) the 7.5% senior notes due 2013
of the Parent Borrower having an aggregate initial principal amount of
$500,000,000 issued on or about December 27, 2002 and (b) the 6.25% senior notes
due 2011 of the Parent Borrower having an aggregate initial principal

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amount of $300,000,000 issued on or about June 15, 2003; provided that the
aggregate outstanding principal amount of Senior Notes shall not exceed
$50,000,000.

“Specified Cash Management Agreement”:  (a) any agreement providing for
treasury, depositary or cash management services, including in connection with
any automated clearing house transfers of funds or any similar transactions
between the Parent Borrower or any Subsidiary Guarantor and any Lender or
Affiliate thereof, existing on the Effective Date and (b) any agreement
providing for treasury, depositary or cash management services, including in
connection with any automated clearing house transfers of funds or any similar
transactions between the Parent Borrower or any Subsidiary Guarantor and any
Lender or Affiliate thereof, which has been designated by the Parent Borrower,
by notice to the Administrative Agent not later than 90 days after the execution
and delivery of such agreement by the Parent Borrower or such Subsidiary
Guarantor, as a “Specified Cash Management Agreement”.

“Specified Indebtedness”:  (a) any Indebtedness Incurred as permitted by Section
6.2(f), (g), (h) or (k), and (b) any secured Indebtedness Incurred as permitted
by Section 6.2(j) or (p).

“Standard Receivables Undertakings”:  representations, warranties, covenants and
indemnities entered into by the Parent Borrower or any Subsidiary which are
reasonably customary in sale, factoring or securitization of Receivables
transactions.

“Sterling” and “£” mean the lawful currency of the United Kingdom.

“Subordinated Debt”:  any Indebtedness Incurred by the Parent Borrower as
permitted by Section 6.2(b).

“Subordinated Debt Documents”:  all indentures, instruments, agreements and
other documents evidencing or governing the Subordinated Debt or providing for
any Guarantee or other right in respect thereof.

“Subsidiary”:  with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity
the accounts of which would be consolidated with those of the parent in the
parent’s consolidated financial statements if such financial statements were
prepared in accordance with GAAP as of such date, as well as any other
corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than 50%
of the equity or more than 50% of the ordinary voting power or, in the case of a
partnership, more than 50% of the general partnership interests are, as of such
date, owned, controlled or held, or (b) that is, as of such date, otherwise
Controlled, by the parent or one or more Subsidiaries of the parent or by the
parent and one or more Subsidiaries of the parent.  Unless otherwise qualified,
all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall
refer to a Subsidiary or Subsidiaries of the Parent Borrower.

“Subsidiary Guarantor”:  any Subsidiary that has guaranteed the Obligations
pursuant to the Guarantee and Collateral Agreement.  For the avoidance of doubt,
no Foreign Subsidiary, Subsidiary of a Foreign Subsidiary, or Receivables Entity
shall be, or shall be required to become, a Subsidiary Guarantor.

“Swingline Exposure”:  at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time.  The Swingline Exposure of any Lender
at any time shall be its Applicable Percentage of the total Swingline Exposure
at such time.

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“Swingline Lender”:  Bank of America, N.A., in its capacity as lender of
Swingline Loans hereunder.

“Swingline Loan”:  a Loan made pursuant to Section 2.4.

“Swingline Note”: as defined in Section 2.10(d).

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

“Tender Guarantee”:  a customary standby letter of credit or bank guarantee or
surety issued by a Foreign Issuing Lender in favor of (actual or prospective)
counterparties of the Parent Borrower or any of its Subsidiaries for the purpose
of securing the obligations assumed under any tender, for construction work or
other services.

“Term Loan Commitment”:  with respect to each Lender, its obligation to make its
portion of the Initial Term Loan to the Parent Borrower in the principal amount
not to exceed the amount set forth under the heading “Term Loan Commitment”
opposite such Lender’s name on Schedule 1.1A hereto.  The aggregate principal
amount of the Lenders’ Term Loan Commitments is $750,000,000 as of the Effective
Date.

“Term Loan Facility”:  as defined in the definition of Facility.

“Term Loan Maturity Date”:  September 21, 2012.

“Term Loans”:  Initial Term Loans and Incremental Term Loans.

“Term Note”: as defined in Section 2.10(d).

“Total Consolidated Assets”:  as at any date of determination, the total assets
of the Parent Borrower and its consolidated Subsidiaries, determined in
accordance with GAAP, as of the last day of the fiscal quarter ended immediately
prior to the date of such determination for which financial statements have been
(or are required pursuant to Section 5.1(a) or (b) to have been) delivered to
the Administrative Agent pursuant to Section 5.1(a) or (b).

“Total Domestic Exposure”:  at any time, the sum of the total Domestic Revolving
Exposures.

“Total Foreign Trade Exposure”:  at any time, the sum of the total Foreign Trade
Exposures.

“Total Global Exposure”:  at any time, the sum of the total Global Revolving
Exposures.

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

“Treaty”:  the Treaty establishing the European Economic Community, being the
Treaty of Rome of March 25, 1957 as amended by the Single European Act 1986 and
the Maastricht Treaty (which was signed on February 7, 1992 and came into force
on November 1, 1993) and as may from time to time be further amended,
supplemented or otherwise modified.

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“Type”:  when used in reference to any Loan or Borrowing, refers to the rate by
reference to which interest on such Loan, or on the Loans comprising such
Borrowing, is determined and the currency in which such Loan, or the Loans
comprising such Borrowing, are denominated.  For purposes hereof, “rate” shall
include the Adjusted LIBO Rate and the Alternate Base Rate, and “currency” shall
include Dollars and any Qualified Global Currency permitted hereunder.

“UCC”:  for any jurisdiction, the Uniform Commercial Code applicable in such
jurisdiction.

“Utilization Date”:  as defined in Section 2.6(g)(i).

“Utilization Reduction Notice”:  as defined in Section 2.6(k)(i).

“Utilization Request”:  as defined in Section 2.6(c).

“Warranty Guarantee”:  a customary standby letter of credit or bank guarantee or
surety issued by a Foreign Issuing Lender in favor of customers of the Parent
Borrower or any of its Subsidiaries for the purpose of securing any warranty
obligations of the Parent Borrower or such Subsidiary.

“Wholly Owned Subsidiary”:  as to any Person, any other Person all of the
Capital Stock of which (other than directors’, foreign nationals’ and analogous
qualifying shares required by law) is owned by such Person directly and/or
through other Wholly Owned Subsidiaries.

“Wholly Owned Subsidiary Guarantor”:  any Subsidiary Guarantor that is a Wholly
Owned Subsidiary of the Parent Borrower.

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

SECTION 1.2.            CLASSIFICATION OF LOANS AND BORROWINGS.

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

SECTION 1.3.            TERMS GENERALLY.

The definitions of terms herein shall apply equally to the singular and plural
forms of the terms defined.  Whenever the context may require, any pronoun shall
include the corresponding masculine, feminine and neuter forms.  The words
“include”, “includes” and “including” shall be deemed to be followed by the
phrase “without limitation”.  The word “will” shall be construed to have the
same meaning and effect as the word “shall”.  Unless the context requires
otherwise (a) any definition of or reference to any agreement, instrument or
other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements
or modifications set forth herein), (b) any reference herein to any Person shall
be construed to include such Person’s successors and assigns, (c) the words
“herein”, “hereof” and “hereunder”, and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any particular
provision hereof, (d) all references herein to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and

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Exhibits and Schedules to, this Agreement, (e) the words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and
all tangible and intangible assets and properties, including cash, securities,
accounts and contract rights and (f) where applicable, any amount (including
minimum borrowing, prepayment or repayment amounts) expressed in Dollars shall,
when referring to any currency other than Dollars, be deemed to mean an amount
of such currency having a Dollar Equivalent approximately equal to such amount.

SECTION 1.4.            ACCOUNTING TERMS; GAAP.

Except as otherwise expressly provided herein, all terms of an accounting or
financial nature shall be construed in accordance with GAAP, as in effect from
time to time; provided that if at any time after June 30, 2007 there shall occur
any change in respect of GAAP from that used in the preparation of audited
financial statements referred to in Section 5.1 in a manner that would have a
material effect on any matter under Article VI, the Parent Borrower and the
Administrative Agent will, within five Business Days of notice from the
Administrative Agent or the Parent Borrower, as the case may be, to that effect,
commence, and continue in good faith, negotiations with a view towards making
appropriate amendments to the provisions hereof acceptable to the Required
Lenders, to reflect as nearly as possible the effect of Article VI as in effect
on the date hereof; provided further that, until such notice shall have been
withdrawn or the relevant provisions amended in accordance herewith, Article VI
shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective.

SECTION 1.5.            EXCHANGE RATES.

(a)           Not later than 1:00 p.m., New York City time, on each Calculation
Date, the Administrative Agent shall (i) determine the Exchange Rate as of such
Calculation Date to be used for calculating the Dollar Equivalent amounts of
each currency in which a Global Revolving Loan, Alternative Currency Letter of
Credit or unreimbursed LC Disbursement is denominated and (ii) give notice
thereof to the Parent Borrower.  The Exchange Rates so determined shall become
effective on the first Business Day immediately following the relevant
Calculation Date (a “Reset Date”), shall remain effective until the next
succeeding Reset Date and shall for all purposes of this Agreement (other than
for the purpose of converting into Dollars, under Sections 2.5(d), (e), (h), (j)
and (k) and 2.14(b), the obligations of the Borrowers and the Domestic Revolving
Lenders in respect of LC Disbursements that have not been reimbursed when due)
be the Exchange Rates employed in converting any amounts between the applicable
currencies.

(b)           Not later than 5:00 p.m., New York City time, on each Reset Date,
the Administrative Agent shall (i) determine the Global Revolving Exposure or
the Alternative Currency LC Exposure, as the case may be, on such date (after
giving effect to any Global Revolving Loans to be made or any Alternative
Currency Letters of Credit to be issued, renewed, extended or terminated in
connection with such determination) and (ii) notify the Parent Borrower and, if
applicable, each Issuing Lender of the results of such determination.

SECTION 1.6.            CURRENCY CONVERSION.

(a)           If more than one currency or currency unit are at the same time
recognized by the central bank of any country as the lawful currency of that
country, then (i) any reference in the Loan Documents to, and any obligations
arising under the Loan Documents in, the currency of that country shall be
translated into or paid in the currency or currency unit of that country
designated by the Administrative Agent and (ii) any translation from one
currency or currency unit to another shall be at the official rate of exchange
recognized by the central bank for conversion of that currency or currency unit
into the other,

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rounded up or down by the Administrative Agent or the Foreign Trade Facility
Agent, as applicable, as it deems appropriate.

(b)           If a change in any currency of a country occurs, this Agreement
shall be amended (and each party hereto agrees to enter into any supplemental
agreement necessary to effect any such amendment) to the extent that the
Administrative Agent specifies to be necessary to reflect the change in currency
and to put the Lenders in the same position, so far as possible, that they would
have been in if no change in currency had occurred.

SECTION 1.7.            TIMES OF DAY.

Unless otherwise specified, all references herein to times of day shall be
references to New York City time (daylight or standard, as applicable).

SECTION 1.8.            FACE AMOUNT.

Unless otherwise specified herein, the Face Amount of a Letter of Credit,
Foreign Credit Instrument or Joint Signature Foreign Credit Instrument at any
time shall be deemed to be the stated amount of such Letter of Credit, Foreign
Credit Instrument or Joint Signature Foreign Credit Instrument in effect at such
time; provided, however, that with respect to any Letter of Credit, Foreign
Credit Instrument or Joint Signature Foreign Credit Instrument that, by its
terms or the terms of any form of letter of credit application or other
agreement submitted by a Borrower to, or entered into by a Borrower with, the
applicable Issuing Lender or Foreign Issuing Lender, as applicable, relating to
such Letter of Credit, Foreign Credit Instrument or Joint Signature Foreign
Credit Instrument, provides for one or more automatic increases in the stated
amount thereof, the amount of such Letter of Credit, Foreign Credit Instrument
or Joint Signature Foreign Credit Instrument shall be deemed to be the maximum
stated amount of such Letter of Credit, Foreign Credit Instrument or Joint
Signature Foreign Credit Instrument after giving effect to all such increases,
whether or not such maximum stated amount is in effect at such time.

ARTICLE II

THE CREDITS

SECTION 2.1.            COMMITMENTS; INCREMENTAL FACILITIES.

(a)           Subject to the terms and conditions set forth herein, each
relevant Lender agrees (i) to severally make Initial Term Loans in Dollars to
the Parent Borrower on the Effective Date in an aggregate principal amount not
exceeding the Term Loan Commitment of such Lender, (ii) to severally make
Domestic Revolving Loans in Dollars to the Parent Borrower from time to time
during the Domestic Revolving Availability Period in an aggregate principal
amount that will not result in such Lender’s Domestic Revolving Exposure
exceeding such Lender’s Domestic Revolving Commitment and (iii) to severally
make Global Revolving Loans in Dollars or one or more Qualified Global
Currencies (as specified in the Borrowing Requests with respect thereto) to any
Borrower from time to time during the Global Revolving Availability Period in an
aggregate principal amount that will not result in such Lender’s Global
Revolving Exposure exceeding such Lender’s Global Revolving Commitment.  Within
the foregoing limits and subject to the terms and conditions set forth herein,
the Parent Borrower may borrow, prepay and reborrow Domestic Revolving Loans,
and any Borrower may borrow, prepay and reborrow Global Revolving Loans. 
Amounts repaid in respect of Term Loans may not be reborrowed.

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(b)           So long as no Default or Event of Default (including, on a pro
forma basis, pursuant to Section 6.1) shall be in existence or would be caused
thereby, the Parent Borrower and any one or more Lenders may from time to time
agree that such Lenders (or any other additional bank, financial institution or
other entity which becomes a Lender pursuant to this Section 2.1(b)) shall add
an additional term loan facility (the loans thereunder, the “Incremental Term
Loans”) and/or increase the Commitments in respect of any of the Facilities by
executing and delivering to the Administrative Agent and, in the case of any
increase in the Foreign Credit Commitments, the Foreign Trade Facility Agent an
Incremental Facility Activation Notice specifying (i) the amount of such
Incremental Term Loans and/or Commitment increase, and (ii) in the case of any
Incremental Term Loans, (A) the applicable Incremental Term Loan Maturity Date,
(B) the amortization schedule for such Incremental Term Loans, which shall
comply with Section 2.11(b) and (C) the Applicable Rate for such Incremental
Term Loans; provided that the aggregate principal amount of borrowings of
Incremental Term Loans and Commitment increases shall not exceed $400,000,000. 
If the Applicable Rate for such Incremental Term Loans (which, for such purposes
only, shall be deemed to include all upfront or similar fees or original issue
discount payable to all Lenders providing such Incremental Loans, with such fees
or discount being equated to the interest rates in a manner reasonably
determined by the Administrative Agent in consultation with the Parent Borrower
based on an assumed four-year life to maturity) exceeds the Applicable Rate for
the other Term Loans by more than 0.50%, the Applicable Rate relating to such
other Term Loans shall be adjusted to be equal to the Applicable Rate for such
Incremental Term Loans (which, for such purposes only, shall be deemed to
include all upfront or similar fees or original issue discount payable to all
Lenders providing such Incremental Loans, calculated in the manner provided
above) minus 0.50%.  Except for pricing, amortization and maturity, the terms of
the Incremental Term Loans will be the same as the terms of the Initial Term
Loans.  In the case of any increase in the Commitments under any Facility (other
than any Incremental Term Loan Facility), the terms applicable to such increased
Commitments and the Loans thereunder shall be the same as the terms applicable
to the Facility being so increased.  In the case of any increase of the Domestic
Revolving Facility or the Global Revolving Facility, any new Lender added in
connection with such increase must be reasonably acceptable to the
Administrative Agent.  In the case of any increase of the Foreign Trade
Facility, any new Lender added in connection with such increase must be
reasonably acceptable to the Administrative Agent and the Foreign Trade Facility
Agent.  No Lender shall have any obligation to participate in any Incremental
Term Loan or other increase described in this paragraph unless it agrees to do
so in its sole discretion.  Any additional bank, financial institution or other
entity which, with the consent of the Borrower and the Administrative Agent,
and, if applicable, the Foreign Trade Facility Agent (which consent shall not be
unreasonably withheld), elects to become a “Lender” under this Agreement in
connection with the making of any Incremental Term Loan or the making of any
additional Commitment shall execute a New Lender Supplement, whereupon such
bank, financial institution or other entity shall become a Lender for all
purposes and to the same extent as if originally a party hereto and shall be
bound by and entitled to the benefits of this Agreement.

SECTION 2.2.            LOANS AND BORROWINGS.

(a)           Each Loan (other than a Swingline Loan) shall be made as part of a
Borrowing consisting of Loans of the same Class and Type made by the Lenders
ratably in accordance with their respective Commitments of the applicable
Class.  The failure of any Lender to make any Loan required to be made by it
shall not relieve any other Lender of its obligations hereunder.

(b)           Subject to Section 2.16, (i) each Revolving Borrowing denominated
in Dollars and each Term Loan Borrowing shall be comprised entirely of ABR Loans
or Eurocurrency Loans as the relevant Borrower may request in accordance
herewith and (ii) each Qualified Global Currency Borrowing shall be comprised
entirely of Eurocurrency Loans.  Each Swingline Loan shall be an ABR Loan.  Each
Lender at its option may make any Eurocurrency Loan by causing any domestic or
foreign branch or Affiliate of

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such Lender to make such Loan; provided that any exercise of such option shall
not affect the obligation of the relevant Borrower to repay such Loan in
accordance with the terms of this Agreement.

(c)           At the commencement of each Interest Period for any Eurocurrency
Borrowing, such Borrowing shall be in an aggregate amount that is an integral
multiple of $1,000,000 and not less than $10,000,000.  At the time that each ABR
Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that
is an integral multiple of $1,000,000 and not less than $5,000,000; provided
that (i) a Borrowing of ABR Domestic Revolving Loans may be in an aggregate
amount that is equal to the entire unused balance of the total Domestic
Revolving Commitments or that is required to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.5(e) and (ii) a Borrowing of ABR
Global Revolving Loans may be in an aggregate amount that is equal to the entire
unused balance of the total Global Revolving Commitments.  Each Swingline Loan
shall be in an amount that is an integral multiple of $500,000 and not less than
$500,000.  No more than 10 Eurocurrency Borrowings may be outstanding at any one
time under each Facility.

(d)           Notwithstanding any other provision of this Agreement, a Borrower
shall not be entitled to request, or to elect to convert or continue, any
Borrowing if the Interest Period requested with respect thereto would end after
the Domestic Revolving Maturity Date,  Global Revolving Maturity Date, Term Loan
Maturity Date or Incremental Term Loan Maturity Date, as applicable.

SECTION 2.3.            REQUESTS FOR BORROWINGS.

To request a Borrowing of Domestic Revolving Loans or Global Revolving Loans or
a Term Loan Borrowing, the relevant Borrower shall notify the Administrative
Agent of such request by telephone (a) in the case of a Eurocurrency Borrowing
denominated in Dollars, not later than 11:00 a.m., New York City time three
Business Days before the date of the proposed Borrowing, (b) in the case of a
Eurocurrency Borrowing denominated in a Qualified Global Currency, not later
than 11:00 a.m., New York City time four Business Days before the date of the
proposed Borrowing or (c) in the case of an ABR Borrowing, not later than 11:00
a.m., New York City time, one Business Day before the date of the proposed
Borrowing; provided that any such notice of a Borrowing of ABR Domestic
Revolving Loans to finance the reimbursement of an LC Disbursement as
contemplated by Section 2.5(e) may be given not later than 10:00 a.m., New York
City time, on the date of the proposed Borrowing.  Each such telephonic
Borrowing Request shall be irrevocable and shall be confirmed promptly by
delivery to the Administrative Agent of a written Borrowing Request in a form
approved by the Administrative Agent and (x) signed by the Parent Borrower and,
in the case of Borrowings by a Foreign Subsidiary Borrower, such Foreign
Subsidiary Borrower or (y) in the case of Borrowings by a Foreign Subsidiary
Borrower, signed by the Parent Borrower or such Foreign Subsidiary Borrower, as
specified by the Parent Borrower by prior written notice to the Administrative
Agent.  Each such telephonic and written Borrowing Request shall specify the
following information in compliance with Section 2.2:  (i) the Borrower
requesting such Borrowing (and be signed on behalf of such Borrower); (ii) the
Class and Type of the requested Borrowing; (iii) the aggregate amount of such
Borrowing; (iv) the date of such Borrowing, which shall be a Business Day; (v)
in the case of a Eurocurrency Borrowing, the initial Interest Period to be
applicable thereto; (vi) the location and number of the relevant Borrower’s
account to which funds are to be disbursed, which shall comply with the
requirements of Section 2.7; and (vii) the currency of such Borrowing (which
shall be in Dollars in the case of Term Loans, Domestic Revolving Loans and
Swingline Loans, and otherwise shall be in Dollars or a Qualified Global
Currency).  If no election as to the currency of a Borrowing of Global Revolving
Loans is specified in any such notice, then the requested Borrowing shall be
denominated in Dollars.  If no election as to the Type of Borrowing is
specified, then the requested Borrowing shall be an ABR Borrowing if denominated
in Dollars or a Eurocurrency Borrowing if denominated in a Qualified Global
Currency.  If no Interest Period is specified with respect to any requested
Eurocurrency Borrowing, then the relevant Borrower shall be deemed to have
selected

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an Interest Period of one month’s duration.  Promptly following receipt of a
Borrowing Request in accordance with this Section, the Administrative Agent
shall advise each relevant Lender of the details thereof and of the amount of
such Lender’s Loan to be made as part of the requested Borrowing.

SECTION 2.4.            SWINGLINE LOANS.

(a)           Subject to the terms and conditions set forth herein, the
Swingline Lender agrees to make Swingline Loans to the Parent Borrower from time
to time during the Domestic Revolving Availability Period, in an aggregate
principal amount at any time outstanding that will not result in (i) the
aggregate principal amount of outstanding Swingline Loans exceeding $40,000,000
or (ii) the sum of the total Domestic Revolving Exposures exceeding the total
Domestic Revolving Commitments; provided that the Swingline Lender shall not be
required to make a Swingline Loan to refinance an outstanding Swingline Loan. 
Within the foregoing limits and subject to the terms and conditions set forth
herein, the Parent Borrower may borrow, prepay and reborrow Swingline Loans.

(b)           To request a Swingline Loan, notwithstanding anything herein to
the contrary, the Parent Borrower shall notify the Administrative Agent of such
request by telephone (confirmed by telecopy promptly thereafter), not later than
12:00 noon, New York City time, on the day of a proposed Swingline Loan.  Each
such notice shall be irrevocable and shall specify the requested date (which
shall be a Business Day) and amount of the requested Swingline Loan.  The
Administrative Agent will promptly advise the Swingline Lender of any such
notice received from the Parent Borrower.  The Swingline Lender shall make each
Swingline Loan available to the Parent Borrower by wiring the amount to the
account designated by the Parent Borrower in the request for such Swingline Loan
(or, in the case of a Swingline Loan made to finance the reimbursement of an LC
Disbursement as provided in Section 2.5(e), by remittance to the applicable
Issuing Lender) by 3:00 p.m., New York City time, on the requested date of such
Swingline Loan.

(c)           The Swingline Lender may by written notice given to the
Administrative Agent not later than 12:00 noon, New York City time, on any
Business Day require the Domestic Revolving Lenders to acquire participations on
such Business Day in all or a portion of the Swingline Loans outstanding.  Such
notice shall specify the aggregate amount of Swingline Loans in which Domestic
Revolving Lenders will participate.  Promptly upon receipt of such notice, the
Administrative Agent will give notice thereof to each Domestic Revolving Lender,
specifying in such notice such Lender’s Applicable Percentage of such Swingline
Loans.  Each Domestic Revolving Lender hereby absolutely and unconditionally
agrees, upon receipt of notice as provided above, to pay to the Administrative
Agent, for the account of the Swingline Lender, such Lender’s Applicable
Percentage of such Swingline Loans.  Each Domestic Revolving Lender acknowledges
and agrees that its obligation to acquire participations in Swingline Loans
pursuant to this paragraph is absolute and unconditional and shall not be
affected by any circumstance whatsoever, including the occurrence and
continuance of a Default or Event of Default or reduction or termination of the
Commitments, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever.  Each Domestic Revolving Lender
shall comply with its obligation under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.7 with
respect to Loans made by such Lender (and Section 2.7 shall apply, mutatis
mutandis, to the payment obligations of the Domestic Revolving Lenders), and the
Administrative Agent shall promptly pay to the Swingline Lender the amounts so
received by it from the Domestic Revolving Lenders.  The Administrative Agent
shall notify the Parent Borrower of any participations in any Swingline Loan
acquired pursuant to this paragraph, and thereafter payments in respect of such
Swingline Loan shall be made to the Administrative Agent and not to the
Swingline Lender.  Any amounts received by the Swingline Lender from the Parent
Borrower (or other party on behalf of the Parent Borrower) in respect of a
Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale
of participations therein shall be promptly remitted to the Administrative
Agent; any such amounts received by the

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Administrative Agent shall be promptly remitted by the Administrative Agent to
the Domestic Revolving Lenders that shall have made their payments pursuant to
this paragraph and to the Swingline Lender, as their interests may appear.  The
purchase of participations in a Swingline Loan pursuant to this paragraph shall
not relieve the Parent Borrower of its obligation to repay such Swingline Loan.

SECTION 2.5.            LETTERS OF CREDIT.

(a)           General.  Subject to the terms and conditions set forth herein,
any Borrower may request the issuance of Letters of Credit for its own account,
in a form reasonably acceptable to the Administrative Agent and the applicable
Issuing Lender, at any time and from time to time during the Domestic Revolving
Availability Period.  Notwithstanding the foregoing, the account party for each
Letter of Credit shall be the Parent Borrower or the relevant Foreign Subsidiary
Borrower, as specified by the Administrative Agent and the applicable Issuing
Lender in consultation with the Parent Borrower.  In the event of any
inconsistency between the terms and conditions of this Agreement and the terms
and conditions of any form of letter of credit application or other agreement
submitted by a Borrower to, or entered into by a Borrower with, the applicable
Issuing Lender relating to any Letter of Credit, the terms and conditions of
this Agreement shall control.  The letters of credit described on Schedule 2.5
(the “Existing Letters of Credit”) shall be deemed to be “Letters of Credit” for
all purposes of this Agreement and the other Loan Documents.

(b)           Notice of Issuance, Amendment, Renewal, Extension; Certain
Conditions.  To request the issuance of a Letter of Credit (or the amendment,
renewal or extension of an outstanding Letter of Credit), the relevant Borrower
shall deliver to the applicable Issuing Lender and the Administrative Agent
(reasonably in advance of the requested date of issuance, amendment, renewal or
extension) a notice specifying the name of the relevant Borrower and requesting
the issuance of a Letter of Credit, or identifying the Letter of Credit to be
amended, renewed or extended, and specifying the date of issuance, amendment,
renewal or extension (which shall be a Business Day), the date on which such
Letter of Credit is to expire (which shall comply with paragraph (c) of this
Section), the amount of such Letter of Credit, the currency in which such Letter
of Credit is to be denominated (which shall be Dollars or, subject to Section
2.22, an Alternative Currency), the name and address of the beneficiary thereof
and such other information as shall be necessary to prepare, amend, renew or
extend such Letter of Credit.  If requested by the applicable Issuing Lender,
the relevant Borrower also shall submit a letter of credit application on such
Issuing Lender’s standard form in connection with any request for a Letter of
Credit.  Following receipt of such notice and prior to the issuance of the
requested Letter of Credit, the Administrative Agent shall calculate the Dollar
Equivalent of such Letter of Credit and shall notify the Parent Borrower, the
relevant Borrower and the applicable Issuing Lender of the amount of the Total
Domestic Exposure after giving effect to (i) the issuance of such Letter of
Credit, (ii) the issuance or expiration of any other Letter of Credit that is to
be issued or will expire prior to the requested date of issuance of such Letter
of Credit and (iii) the borrowing or repayment of any Domestic Revolving Loans
or Swingline Loans that (based upon notices delivered to the Administrative
Agent by the Parent Borrower) are to be borrowed or repaid prior to the
requested date of issuance of such Letter of Credit.  A Letter of Credit shall
be issued, amended, renewed or extended only if (and upon issuance, amendment,
renewal or extension of each Letter of Credit the Parent Borrower and the
relevant Borrower shall be deemed to represent and warrant that), after giving
effect to such issuance, amendment, renewal or extension (A) the aggregate
outstanding principal amount of all Domestic Revolving Loans plus the amount of
all LC Exposure shall not exceed $400,000,000 and (B) the Total Domestic
Exposure shall not exceed the total Domestic Revolving Commitments.

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

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Business Days prior to the Domestic Revolving Maturity Date; provided that
notwithstanding the foregoing, Letters of Credit having an aggregate face amount
not in excess of $150,000,000 may provide for an expiration date that is more
than one year after the date of issuance, renewal or extension, so long as such
expiration date does not extend beyond the date referred to in clause (ii)
above.

(d)           Participations.  By the issuance of a Letter of Credit (or an
amendment to a Letter of Credit increasing the amount thereof) and without any
further action on the part of the applicable Issuing Lender or the Lenders, the
applicable Issuing Lender hereby grants to each Domestic Revolving Lender, and
each Domestic Revolving Lender hereby acquires from such Issuing Lender, a
participation in such Letter of Credit equal to such Lender’s Applicable
Percentage of the aggregate amount available to be drawn under such Letter of
Credit.  In consideration and in furtherance of the foregoing, each Domestic
Revolving Lender hereby absolutely and unconditionally agrees to pay to the
Administrative Agent in Dollars, for the account of such Issuing Lender, such
Lender’s Applicable Percentage of (i) each LC Disbursement made by such Issuing
Lender in Dollars and (ii) the Dollar Equivalent, using the Exchange Rates on
the date such payment is required, of each LC Disbursement made by such Issuing
Lender in an Alternative Currency and, in each case, not reimbursed by the
relevant Borrower on the date due as provided in paragraph (e) of this Section,
or of any reimbursement payment required to be refunded to such Borrower for any
reason (or, if such reimbursement payment was refunded in an Alternative
Currency, the Dollar Equivalent thereof using the Exchange Rates on the date of
such refund).  Each Domestic Revolving Lender acknowledges and agrees that its
obligation to acquire participations pursuant to this paragraph in respect of
Letters of Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any
Letter of Credit or the occurrence and continuance of a Default or Event of
Default or reduction or termination of the Domestic Revolving Commitments, and
that each such payment shall be made without any offset, abatement, withholding
or reduction whatsoever.

(e)           Reimbursement.  If the applicable Issuing Lender shall make any LC
Disbursement in respect of a Letter of Credit, the relevant Borrower shall
reimburse such LC Disbursement by paying to the Administrative Agent an amount
equal to such LC Disbursement plus any interim interest incurred pursuant to
paragraph (h) of this Section for (x) LC Disbursements made in Dollars, in
Dollars, or (y) LC Disbursements made in an Alternative Currency, in an amount
equal to the Dollar Equivalent, calculated using the applicable Exchange Rate on
the date such LC Disbursement is made, of such LC Disbursement, in each case,
not later than 12:00 noon, New York City time or the relevant local time, as
applicable, on the date that such LC Disbursement is made, if such Borrower
shall have received notice of such LC Disbursement prior to 10:00 a.m., New York
City time or the relevant local time, as applicable, on such date, or, if such
notice has not been received by such Borrower prior to such time on such date,
then not later than 12:00 noon, New York City time or the relevant local time,
as applicable, on the Business Day immediately following the day that such
Borrower receives such notice; provided that, in the case of any LC Disbursement
made in Dollars, the relevant Borrower may, subject to the conditions to
borrowing set forth herein, request in accordance with Section 2.3 or 2.4 that
such payment be financed in Dollars with a Borrowing of ABR Domestic Revolving
Loans or Swingline Loan in an equivalent amount and, to the extent so financed,
such Borrower’s obligation to make such payment shall be discharged and replaced
by the resulting Borrowing of ABR Domestic Revolving Loans or Swingline Loan. 
If the relevant Borrower fails to make such payment when due, then (i) if such
payment relates to an Alternative Currency Letter of Credit, automatically and
with no further action required, such Borrower’s obligation to reimburse the
applicable LC Disbursement shall be permanently converted into an obligation to
reimburse the Dollar Equivalent, calculated using the Exchange Rates on the date
when such payment was due, of such LC Disbursement and (ii) the Administrative
Agent shall promptly notify the applicable Issuing Lender and each other
Domestic Revolving Lender of the applicable LC Disbursement, the Dollar
Equivalent thereof (if such LC Disbursement relates to an Alternative Currency
Letter of Credit), the payment then due from such Borrower in respect thereof
and such Lender’s Applicable Percentage

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thereof.  Promptly following receipt of such notice, each Domestic Revolving
Lender shall pay to the Administrative Agent in Dollars its Applicable
Percentage of the payment then due from the relevant Borrower (determined as
provided in clause (i) above, if such payment relates to an Alternative Currency
Letter of Credit), in the same manner as provided in Section 2.7 with respect to
Loans made by such Lender (and Section 2.7 shall apply, mutatis mutandis, to the
payment obligations of the Domestic Revolving Lenders), and the Administrative
Agent shall promptly pay to the applicable Issuing Lender in Dollars the amounts
so received by it from the Domestic Revolving Lenders.  Promptly following
receipt by the Administrative Agent of any payment from any Borrower pursuant to
this paragraph, the Administrative Agent shall distribute such payment to the
applicable Issuing Lender or, to the extent that Domestic Revolving Lenders have
made payments pursuant to this paragraph to reimburse such Issuing Lender, then
to such Lenders and such Issuing Lender as their interests may appear.  Any
payment made by a Domestic Revolving Lender pursuant to this paragraph to
reimburse any Issuing Lender for any LC Disbursement (other than the funding of
ABR Domestic Revolving Loans or a Swingline Loan as contemplated above) shall
not constitute a Loan and shall not relieve any Borrower of its obligation to
reimburse such LC Disbursement.

(f)            Obligations Absolute.  A Borrower’s obligation to reimburse LC
Disbursements as provided in paragraph (e) of this Section 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 (i) any lack of validity or enforceability of any Letter of
Credit, any application for the issuance of a Letter of Credit or this
Agreement, or any term or provision therein, (ii) any draft or other document
presented under a Letter of Credit proving to be forged, fraudulent or invalid
in any respect or any statement therein being untrue or inaccurate in any
respect, (iii) payment by 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, or (iv) any other event or circumstance
whatsoever, whether or not similar to any of the foregoing, that might, but for
the provisions of this Section, constitute a legal or equitable discharge of, or
provide a right of setoff against, such Borrower’s obligations hereunder. 
Neither the Administrative Agent, the Lenders nor any Issuing Lender, nor any of
their Related Parties, shall have any liability or responsibility by reason of
or in connection with the issuance or transfer of any Letter of Credit or any
payment or failure to make any payment thereunder (irrespective of any of the
circumstances referred to in the preceding sentence), or any error, omission,
interruption, loss or delay in transmission or delivery of any draft, notice or
other communication under or relating to any Letter of Credit (including any
document required to make a drawing thereunder), any error in interpretation of
technical terms or any consequence arising from causes beyond the control of the
applicable Issuing Lender; provided that neither of the foregoing sentences
shall be construed to excuse such Issuing Lender from liability to a Borrower to
the extent of any direct damages (as opposed to consequential damages, claims in
respect of which are hereby waived by each Borrower to the extent permitted by
applicable law) suffered by such Borrower that are caused by such Issuing
Lender’s gross negligence, willful misconduct or failure to exercise care when
determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof.  The parties hereto expressly agree that,
in the absence of gross negligence or willful misconduct on the part of an
Issuing Lender (as finally determined by a court of competent jurisdiction),
such Issuing Lender shall be deemed to have exercised care in each such
determination.  In furtherance of the foregoing and without limiting the
generality thereof, the parties agree that, with respect to documents presented
which appear on their face to be in substantial compliance with the terms of a
Letter of Credit, an Issuing Lender may, in its sole discretion, either accept
and make payment upon such documents without responsibility for further
investigation, regardless of any notice or information to the contrary, or
refuse to accept and make payment upon such documents if such documents are not
in strict compliance with the terms of such Letter of Credit.

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(g)           Disbursement Procedures.  The applicable Issuing Lender shall,
promptly following its receipt thereof, examine all documents purporting to
represent a demand for payment under a Letter of Credit.  Such Issuing Lender
shall promptly notify the Administrative Agent and the relevant Borrower by
telephone (confirmed by telecopy promptly thereafter) of such demand for payment
and whether such Issuing Lender has made or will make an LC Disbursement
thereunder; provided that any failure to give or delay in giving such notice
shall not relieve the relevant Borrower of its obligation to reimburse such
Issuing Lender and the Domestic Revolving Lenders with respect to any such LC
Disbursement.

(h)           Interim Interest.  If an Issuing Lender shall make any LC
Disbursement, then, unless the relevant Borrower shall reimburse such LC
Disbursement in full on the date such LC Disbursement is made, the unpaid amount
thereof shall bear interest, for each day from and including the date such LC
Disbursement is made to but excluding the date that such Borrower reimburses
such LC Disbursement, at the rate per annum then applicable to ABR Domestic
Revolving Loans; provided that, if such Borrower fails to reimburse such LC
Disbursement (including any interim interest incurred in connection with such LC
Disbursement pursuant to this paragraph) when due pursuant to paragraph (e) of
this Section, then Section 2.15(c) shall apply; provided further that, in the
case of an LC Disbursement made under an Alternative Currency Letter of Credit,
the amount of interest due with respect thereto shall (i) in the case of any LC
Disbursement that is reimbursed on or before the Business Day immediately
succeeding such LC Disbursement, (A) be payable in an amount equal to the Dollar
Equivalent, calculated using the applicable Exchange Rate on the date such LC
Disbursement is made, of such LC Disbursement and (B) if not reimbursed on the
date of such LC Disbursement, bear interest at a rate equal to the rate
reasonably determined by the applicable Issuing Lender to be the cost to such
Issuing Lender of funding such LC Disbursement plus the Applicable Rate
applicable to Eurocurrency Revolving Loans at such time and (ii) in the case of
any LC Disbursement that is reimbursed after the Business Day immediately
succeeding such LC Disbursement (A) be payable in Dollars, (B) accrue on the
Dollar Equivalent, calculated using the Exchange Rates on the date such LC
Disbursement was made, of such LC Disbursement and (C) bear interest at the rate
per annum then applicable to ABR Revolving Loans, subject to Section 2.15(c). 
Interest accrued pursuant to this paragraph shall be for the account of the
applicable Issuing Lender, except that interest accrued on and after the date of
payment by any Domestic Revolving Lender pursuant to paragraph (e) of this
Section to reimburse such Issuing Lender shall be for the account of such Lender
to the extent of such payment.

(i)            Replacement of any Issuing Lender.  Any Issuing Lender may be
replaced at any time by written agreement among the Parent Borrower, the
Administrative Agent, the replaced Issuing Lender and the successor Issuing
Lender.  The Administrative Agent shall notify the Lenders of any such
replacement of such Issuing Lender.  At the time any such replacement shall
become effective, the Parent Borrower shall pay all unpaid fees accrued for the
account of the replaced Issuing Lender pursuant to Section 2.14(b).  From and
after the effective date of any such replacement, (i) the successor Issuing
Lender shall have all the rights and obligations of such Issuing Lender under
this Agreement with respect to Letters of Credit to be issued thereafter and
(ii) references herein 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 replacement
of an Issuing Lender hereunder, the replaced Issuing Lender shall remain a party
hereto and shall continue to have all the rights and obligations of an Issuing
Lender under this Agreement with respect to Letters of Credit issued by it prior
to such replacement, but shall not be required to issue additional Letters of
Credit.

(j)            Cash Collateralization.  If any Event of Default shall occur and
be continuing, on the Business Day that a Borrower receives notice from the
Administrative Agent or the Required Lenders (or, if the maturity of the Loans
has been accelerated, Domestic Revolving Lenders with LC Exposure representing
at least 51% of the total LC Exposure) demanding the deposit of cash collateral
pursuant to this paragraph, such Borrower shall deposit in an account with the
Administrative Agent, in the name of the

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Administrative Agent and for the benefit of the Domestic Revolving Lenders, an
amount in Dollars and in cash equal to the LC Exposure as of such date plus any
accrued and unpaid interest thereon; provided that (i) the portions of such
amount attributable to undrawn Alternative Currency Letters of Credit or LC
Disbursements in an Alternative Currency that the Borrowers are not late in
reimbursing shall be deposited in the applicable Alternative Currencies in the
actual amounts of such undrawn Letters of Credit and LC Disbursements and (ii)
the obligation to deposit such cash collateral shall become effective
immediately, and such deposit shall become immediately due and payable, without
demand or other notice of any kind, upon the occurrence of any Event of Default
with respect to any Borrower described in paragraph (h) or (i) of Article VII. 
For the purposes of this paragraph, the Alternative Currency LC Exposure shall
be calculated using the Exchange Rates on the date notice demanding cash
collateralization is delivered to a Borrower.  Each Borrower also shall deposit
cash collateral pursuant to this paragraph as and to the extent required by
Section 2.12(c).  Each such deposit pursuant to this paragraph or pursuant to
Section 2.12(c) shall be held by the Administrative Agent as collateral for the
payment and performance of the obligations of each Borrower under this
Agreement.  The Administrative Agent shall have exclusive dominion and control,
including the exclusive right of withdrawal, over such account.  Other than any
interest earned on the investment of such deposits, which investments shall be
made at the option and sole discretion of the Administrative Agent and at the
relevant Borrower’s risk and expense, such deposits shall not bear interest. 
Interest or profits, if any, on such investments shall accumulate in such
account.  Moneys in such account shall be applied by the Administrative Agent to
reimburse the applicable Issuing Lender for LC Disbursements for which it has
not been reimbursed and, to the extent not so applied, shall be held for the
satisfaction of the reimbursement obligations of the relevant Borrower for the
LC Exposure at such time or, if the maturity of the Loans has been accelerated
(but subject to the consent of Domestic Revolving Lenders with LC Exposure
representing at least 51% of the total LC Exposure), be applied to satisfy other
obligations of such Borrower under this Agreement.  If a Borrower is required to
provide an amount of cash collateral hereunder as a result of the occurrence of
an Event of Default, such amount (to the extent not applied as aforesaid) shall
be returned to such Borrower within three Business Days after all Events of
Default have been cured or waived.  If a Borrower is required to provide an
amount of cash collateral hereunder pursuant to Section 2.12(c), such amount (to
the extent not applied as aforesaid) shall be returned to such Borrower as and
to the extent that, after giving effect to such return, such Borrower would
remain in compliance with Section 2.12(c), and no Event of Default shall have
occurred and be continuing.  Furthermore, if any Letter of Credit is outstanding
on the date that the Parent Borrower terminates the Domestic Revolving
Commitments pursuant to Section 2.9(b), the Parent Borrower shall, on the date
of such termination, either (A) cause any such Letter of Credit to be
surrendered for cancellation to the applicable Issuing Lender or (B) provide
cash collateral pursuant to the terms of this paragraph (or other credit support
reasonably satisfactory) to the Administrative Agent for the benefit of such
Issuing Lender in an amount equal to at least 103% of the Face Amount of such
Letter of Credit pursuant to documentation in form and substance reasonably
satisfactory to the Administrative Agent.  The Parent Borrower hereby grants to
the Administrative Agent a security interest in all such cash collateral and all
proceeds thereof.  Such cash collateral shall be maintained in a blocked
interest-bearing deposit account at Bank of America.  Upon notice to the
Administrative Agent of the termination, reduction or expiration (without a
pending drawing) of any such Letter of Credit, the Administrative Agent shall
release the relevant cash collateral within three Business Days of the relevant
date of termination, reduction or expiration, and the Administrative Agent shall
use such cash collateral to promptly reimburse any Issuing Lender honoring any
drawing under any such Letter of Credit.

(k)           Conversion.  In the event that the Loans become immediately due
and payable on any date pursuant to Article VII, all amounts (i) that a Borrower
is at the time or thereafter becomes required to reimburse or otherwise pay to
the Administrative Agent in respect of LC Disbursements made under any
Alternative Currency Letter of Credit (other than amounts in respect of which
such Borrower has deposited cash collateral pursuant to Section 2.5(j), if such
cash collateral was deposited in the applicable

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Alternative Currency to the extent so deposited or applied), (ii) that the
Domestic Revolving Lenders are at the time or thereafter become required to pay
to the Administrative Agent and the Administrative Agent is at the time or
thereafter becomes required to distribute to the applicable Issuing Lender
pursuant to paragraph (e) of this Section in respect of unreimbursed LC
Disbursements made under any Alternative Currency Letter of Credit and (iii) of
each Domestic Revolving Lender’s participation in any Alternative Currency
Letter of Credit under which an LC Disbursement has been made shall,
automatically and with no further action required, be converted into the Dollar
Equivalent, calculated using the Exchange Rates on such date (or in the case of
any LC Disbursement made after such date, on the date such LC Disbursement is
made), of such amounts.  On and after such conversion, all amounts accruing and
owed to the Administrative Agent, the applicable Issuing Lender or any Lender in
respect of the Obligations described in this paragraph shall accrue and be
payable in Dollars at the rates otherwise applicable hereunder.

(l)            Additional Issuing Lenders.  The Parent Borrower may, at any time
and from time to time with the consent of the Administrative Agent (which
consent shall not be unreasonably withheld) and such Domestic Revolving Lender,
designate one or more additional Domestic Revolving Lenders to act as an Issuing
Lender under the terms of this Agreement; provided that the total number of
Domestic Revolving Lenders so designated at any time plus the total number of
Issuing Lenders pursuant to clause (c) of the definition of the term “Issuing
Lenders” at such time shall not exceed five.  Any Domestic Revolving Lender
designated as Issuing Lender pursuant to this paragraph (1) shall be deemed to
be an “Issuing Lender” for the purposes of this Agreement (in addition to being
a Domestic Revolving Lender) with respect to Letters of Credit issued by such
Domestic Revolving Lender.

(m)          Reporting.  Each Issuing Lender will report in writing to the
Administrative Agent (i) on the first Business Day of each week, the aggregate
face amount of Letters of Credit issued by it and outstanding as of the last
Business Day of the preceding week, (ii) on or prior to each Business Day on
which such Issuing Lender expects to issue, amend, renew or extend any Letter of
Credit, the date of such issuance or amendment, and the aggregate face amount of
Letters of Credit to be issued, amended, renewed or extended by it and
outstanding after giving effect to such issuance, amendment, renewal or
extension (and such Issuing Lender shall advise the Administrative Agent on such
Business Day whether such issuance, amendment, renewal or extension occurred and
whether the amount thereof changed), (iii) on each Business Day on which such
Issuing Lender makes any LC Disbursement, the date of such LC Disbursement and
the amount of such LC Disbursement and (iv) on any Business Day on which any
Borrower fails to reimburse an LC Disbursement required to be reimbursed to such
Issuing Lender on such day, the date of such failure, the relevant Borrower and
amount of such LC Disbursement.

SECTION 2.6.            FOREIGN CREDIT INSTRUMENTS.

(a)           Foreign Credit Instrument Issuing Commitments.  Subject to the
terms and conditions set forth herein, each Foreign Issuing Lender severally
agrees to issue Foreign Credit Instruments and Joint Signature Foreign Credit
Instruments in an aggregate principal amount the Dollar Equivalent of which does
not exceed the Foreign Credit Instrument Issuing Commitment of such Foreign
Issuing Lender at any time and from time to time from the Effective Date until
the Foreign Trade Maturity Date; provided that after giving effect to any
issuance of any Foreign Credit Instrument or Joint Signature Foreign Credit
Instrument, the Dollar Equivalent of the aggregate outstanding amount of the
Foreign Credit Reimbursement Obligations, the Foreign Credit Instruments and
Joint Signature Foreign Credit Instruments shall not exceed the lesser of (i)
the aggregate principal amount of the Foreign Credit Instrument Issuing
Commitments at such time and (ii) the aggregate principal amount of the Foreign
Credit Commitments at such time.  Each Existing Foreign Credit Instrument issued
by a Foreign Issuing Lender shall be deemed for all purposes of this Agreement
to constitute a Foreign Credit Instrument issued by such Foreign Issuing Lender
pursuant hereto and the Foreign Credit Instrument Issuing

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Commitment of such Lender shall be deemed utilized in an amount equal to the
Dollar Equivalent of all Existing Foreign Credit Instruments issued by it and
determined as of the Effective Date, subject to subsequent determinations of
such Dollar Equivalent pursuant to Section 2.6(n).  Each Foreign Issuing Lender
at its option (after consultation with the Parent Borrower) may issue any
Foreign Credit Instrument and/or Joint Signature Foreign Credit Instrument by
causing any domestic or foreign branch or Affiliate of such Foreign Issuing
Lender to issue such Foreign Credit Instrument and/or Joint Signature Foreign
Credit Instrument if in the judgment of such Lender such designation (i) would
eliminate or reduce amounts payable pursuant to Section 2.17 or 2.19, as the
case may be and (ii) would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender; provided that
any exercise of such option shall not affect the obligations of the relevant
Borrower or such Foreign Issuing Lender under this Section 2.6.  Each Foreign
Issuing Lender hereby confirms that the Existing Foreign Credit Instruments
issued by it conform to the Mandatory Requirements.

(b)           Extension Option.

(i)            The Parent Borrower may, not more than twice during the term of
this Agreement, by written notice to the Administrative Agent and the Foreign
Trade Facility Agent (such notice being an “Extension Notice”) delivered no
later than 90 and not more than 180 days prior to the second anniversary of the
Effective Date (or, in the case of the second such notice, no later than 90 and
not more than 180 days prior to the date that is two years after such second
anniversary) (the date of such notice, the “Notice Date”), request the Lenders
with a Foreign Credit Commitment and the Foreign Issuing Lenders to extend the
then applicable Foreign Trade Maturity Date for an additional two years (the
“Extended Foreign Trade Maturity Date”).  The Foreign Trade Facility Agent shall
promptly transmit any Extension Notice to each Lender with a Foreign Credit
Commitment and each Foreign Issuing Lender.  Each Foreign Issuing Lender and
each Lender with a Foreign Credit Commitment shall notify the Foreign Trade
Facility Agent whether it wishes to extend the then applicable Foreign Trade
Maturity Date at least 60 days prior to such anniversary of the Effective Date,
and any such notice given by a Foreign Issuing Lender or a Lender with a Foreign
Credit Commitment to the Foreign Trade Facility Agent, once given, shall be
irrevocable as to such Lender.  The Foreign Trade Facility Agent shall promptly
notify the Administrative Agent and the Parent Borrower of the notice of each
Foreign Issuing Lender and each Lender with a Foreign Credit Commitment that it
wishes to extend (each, an “Extension Acceptance Notice”).  Any Foreign Issuing
Lender and any Lender with a Foreign Credit Commitment which does not expressly
notify the Foreign Trade Facility Agent on or before the date that is 60 days
prior to the then applicable anniversary of the Effective Date that it wishes to
so extend the then applicable Foreign Trade Maturity Date shall be deemed to
have rejected the Parent Borrower’s request for extension of such Foreign Trade
Maturity Date.  If all the Lenders with a Foreign Credit Commitment and all the
Foreign Issuing Lenders have elected (in their sole and absolute discretion) to
so extend the then applicable Foreign Trade Maturity Date, the Foreign Trade
Facility Agent shall notify the Administrative Agent and the Parent Borrower of
such election by the Lenders with a Foreign Credit Commitment and the Foreign
Issuing Lenders no later than five Business Days after the date when Extension
Acceptance Notices are due, and effective on the date of such notice by the
Foreign Trade Facility Agent to the Administrative Agent and the Parent Borrower
(the “Extension Date”), the Foreign Trade Maturity Date shall be automatically
and immediately so extended to the Extended Foreign Trade Maturity Date.  No
extension will be permitted hereunder without the consent of all the Lenders
with a Foreign Credit Commitment and all the Foreign Issuing Lenders (after
giving effect to the replacement of any non-extending Lender or non-extending
Foreign Issuing Lender pursuant to paragraph (iii) or (iv) below, as applicable)
unless, at the election of the Parent Borrower, in writing to the Administrative
Agent and the Foreign Trade Facility Agent, the Parent Borrower removes from the
Foreign Trade Facility each Lender with a Foreign Credit Commitment and each
Foreign

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Issuing Lender that has not so consented to the Extended Foreign Trade Maturity
Date, in which case the Foreign Credit Commitments and Foreign Credit Instrument
Issuing Commitments of each such removed Lenders and Foreign Issuing Lenders, as
applicable, will be automatically terminated, and the aggregate Foreign Credit
Commitments and Foreign Credit Instrument Issuing Commitments hereunder shall be
reduced by the amounts of the Foreign Credit Commitments and Foreign Credit
Instrument Issuing Commitments of such removed Lenders and removed Foreign
Issuing Lenders, as applicable; provided, that, (x) after giving effect to any
such removal by the Parent Borrower and resulting termination of the Foreign
Credit Commitment or Foreign Credit Instrument Issuing Commitment of any such
removed Lender or Foreign Issuing Lender, (A) the total Foreign Trade Exposures
of all the Foreign Issuing Lenders (including those non-extending Foreign
Issuing Lenders that have not, at the election of the Parent Borrower in its
sole discretion, received a Counter Guarantee to support the outstanding Foreign
Credit Instruments and/or Joint Signature Foreign Credit Instruments issued by
such non-extending Foreign Issuing Lender) does not exceed the total Foreign
Credit Commitments of all the extending Lenders with Foreign Credit Commitments,
(B) each outstanding Foreign Credit Instrument and/or Joint Signature Foreign
Credit Instrument issued by a Foreign Issuing Lender removed in accordance with
this Section shall continue to be considered an issued Foreign Credit Instrument
and/or Joint Signature Foreign Credit Commitment hereunder and part of the
Foreign Trade Exposure hereunder unless the Parent Borrower elects in its sole
discretion to have a Counter Guarantee issued hereunder in favor of such removed
Foreign Issuing Lender to support such Foreign Credit Instruments and/or Joint
Signature Foreign Credit Commitments, in which case such Foreign Credit
Instruments and/or Joint Signature Foreign Credit Instruments shall no longer be
considered to be Foreign Credit Instruments or Joint Signature Foreign Credit
Instruments issued pursuant to this Agreement except that for purposes of
Section 2.6(p)(iii), (iv) and (v) and Section 2.6(h) such Foreign Credit
Instruments and/or Joint Signature Foreign Credit Instruments shall continue to
be considered as issued pursuant to this Agreement and the Borrowers’
obligations under such Sections with respect to fees, costs, expenses,
reimbursement and indemnification obligations shall continue to apply with
respect to such Foreign Credit Instruments and Joint Signature Foreign Credit
Instruments and (C) the Borrowers, the Administrative Agent and the Foreign
Trade Facility Agent shall have entered into such agreements, if any, as any of
them shall have reasonably requested to reflect such extension of the Foreign
Trade Facility with reduced Foreign Credit Commitments and Foreign Credit
Instrument Issuing Commitments, as the case may be, reflecting the removal of
such Lenders with Foreign Credit Commitments and Foreign Issuing Lenders, as the
case may be (and any participations purchased under this Agreement shall be
automatically appropriately adjusted in amount to reflect the such changed
Commitments) and (y) any such removed Lender or removed Foreign Issuing Lender,
as applicable, shall have received payment of all amounts owing to such removed
Lender or Foreign Issuing Lender with respect to its Foreign Credit Commitment
and/or Foreign Credit Instrument Issuing Commitment, as applicable, including
the repayment of an amount equal to the outstanding funded participations of all
Foreign Credit Disbursements made by such removed Lender or funded Foreign
Credit Disbursements made by such removed Foreign Issuing Lender, as applicable,
any accrued interest thereon, accrued fees and all other amounts payable to it
hereunder and under the other Loan Documents in connection with such respective
Commitments.  Upon the delivery of an Extension Notice and upon the extension of
the Foreign Trade Maturity Date pursuant to this Section 2.6(b)(i), the Parent
Borrower shall be deemed to have represented and warranted on and as of the
Notice Date and the Extension Date, as the case may be, that no Default or Event
of Default has occurred and is continuing.  Notwithstanding anything contained
in this Agreement to the contrary, no Lender with a Foreign Credit Commitment or
Foreign Issuing Lender shall have any obligation to extend the Foreign Trade
Maturity Date, and each Lender with a Foreign Credit Commitment and each Foreign
Issuing Lender may (with respect to its respective Foreign Credit Commitment
and/or Foreign Credit

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Instrument Issuing Commitment) at its option, unconditionally and without cause,
decline to extend the Foreign Trade Maturity Date.

(ii)           If the Foreign Trade Maturity Date shall have been extended in
accordance with Section 2.6(b)(i), all references herein to the “Foreign Trade
Maturity Date” shall refer to the Extended Foreign Trade Maturity Date.

(iii)          The Parent Borrower shall have the right on or before the
applicable Foreign Trade Maturity Date to replace each non-extending Lender with
a Foreign Credit Commitment with one or more Persons (A) reasonably satisfactory
to the Parent Borrower, the Administrative Agent and the Foreign Trade Facility
Agent and (B) satisfactory to the Foreign Issuing Lenders in their sole
discretion (the “Additional Commitment Lender”), as provided in Section 2.21(b),
each of which such Additional Commitment Lenders shall have entered into an
Assignment and Assumption pursuant to which such Additional Commitment Lender
shall, effective as of the applicable Foreign Trade Maturity Date, undertake a
Foreign Credit Commitment (and if any such Additional Commitment Lender is
already a Lender, its new Commitment shall be in addition to any other
Commitment of such Lender on such date).

(iv)          The Parent Borrower shall have the right on or before the
applicable Foreign Trade Maturity Date to replace each non-extending Foreign
Issuing Lender with one or more Persons reasonably satisfactory to the Parent
Borrower, the Administrative Agent and the Foreign Trade Facility Agent (the
“Additional Foreign Issuing Lender”), as provided in Section 2.21(b), each of
which such Additional Foreign Issuing Lenders shall have entered into an
Assignment and Assumption pursuant to which such Additional Foreign Issuing
Lender shall, effective as of the applicable Foreign Trade Maturity Date,
undertake a Foreign Credit Instrument Issuing Commitment (and if any such
Additional Foreign Issuing Lender is already a Foreign Issuing Lender, its new
Commitment shall be in addition to any other Commitment of such Foreign Issuing
Lender on such date).

(c)           Procedure for Issuance and Reversals.  Each Borrower may, at any
time and from time to time during the period from the Effective Date until the
Foreign Trade Maturity Date, request the issuance of Foreign Credit Instruments
or an extension or other amendment of any outstanding Foreign Credit Instrument
by sending to the Foreign Trade Facility Agent a duly completed request for
issuance (each, a “Utilization Request”) by electronic transfer using the db
direct internet in accordance with the terms of the DB Direct Internet
Agreement.  If for technical reasons it should not be possible to make a request
for issuance through db direct internet, such request may be made (to be
pre-advised by the relevant Borrower) via fax or by letter, in substantially the
form of Exhibit I, in each case to a fax number or address agreed with the
Foreign Trade Facility Agent for this purpose, receipt of such fax or letter to
be promptly confirmed by the Foreign Trade Facility Agent to the relevant
Borrower for this purpose; provided that in such case explicit reference has to
be made to this Agreement and the Foreign Trade Facility Agent shall in such
case not be held responsible for a delayed processing of such Utilization
Request unless such delayed processing is caused by gross negligence or willful
misconduct on the part of the Foreign Trade Facility Agent following the
confirmation of the receipt of the relevant fax or letter.  As the Foreign Trade
Facility Agent will not, in the event a Utilization Request is submitted by
telefax, be in a position to verify whether such Utilization Request has been
duly authorized and sent by the relevant Borrower, each Borrower hereby agrees
that the Foreign Trade Facility Agent shall be entitled to execute all
Utilization Requests received by telefax if on their face such telefax letters
seem to be duly authorized and executed by persons acting on behalf of such
Borrower who have been identified as authorized signatories in annex 1.3.1 to
the DB Direct Internet Agreement or in the officer’s certificate furnished
pursuant to Section 4.1(h).  Neither the Foreign Trade Facility Agent nor any of
the Lenders shall be held liable for the execution of any forged Utilization
Request received by telefax except where the forgery is

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evident on the face of the forged Utilization Request furnished to such Person
or the Foreign Trade Facility Agent or the respective Foreign Issuing Lender
acted with gross negligence or willful misconduct with respect to such
Utilization Request.  No Utilization Request will be regarded as having been
duly completed unless:

(i)            the requested undertaking would constitute a Warranty Guarantee,
a Performance Guarantee, an Advance Payment Guarantee, a Tender Guarantee, a
Counter-Guarantee or a General Purpose Guarantee;

(ii)           the terms and conditions for the requested Foreign Credit
Instrument are in accordance with the Mandatory Requirements;

(iii)          the requested Foreign Credit Instrument is denominated in a
Permitted Currency or any other currency agreed by the applicable Foreign
Issuing Lender and the Foreign Trade Facility Agent;

(iv)          the specific expiry date of the requested Foreign Credit
Instrument, which must not be stated by reference to any events in the
underlying contract and which is not subject to any interpretation, or, if the
requested Foreign Credit Instrument does not provide for such determination of a
specific expiry date, the Commercial Lifetime, shall fall within the Permitted
Maturity;

(v)           the obligor of the obligations to be supported by the requested
Foreign Credit Instrument is named;

(vi)          upon issuance of the requested Foreign Credit Instrument (for this
purpose such Foreign Credit Instrument is deemed to be issued at the time of
receipt of the Utilization Request therefor by the Foreign Trade Facility
Agent), the thresholds for the different types of Foreign Credit Instruments set
forth under Section 2.6(d) would not be exceeded;

(vii)         a Foreign Issuing Lender is determined pursuant to the terms
hereof; and

(viii)        the Utilization Request is in compliance with Section 2.6(d).

Only one Foreign Credit Instrument may be requested in each Utilization
Request.  A Utilization Request may only be revoked by the relevant Borrower (x)
until the Foreign Trade Facility Agent has forwarded the Utilization Request to
the relevant Foreign Issuing Lender in accordance with Section 2.6(g), by giving
notice to the Foreign Trade Facility Agent or (y) thereafter, by giving notice
to the relevant Foreign Issuing Lender which has to be received by such Foreign
Issuing Lender at a time when such Foreign Issuing Lender will, with reasonable
efforts, still be in a position to stop the delivery of the relevant Foreign
Credit Instrument to the relevant beneficiary or any other Person as instructed
by such Borrower.  In such case, the relevant Foreign Issuing Lender shall
promptly inform the Foreign Trade Facility Agent and the relevant Borrower that
the requested Foreign Credit Instrument has not been issued.  No Foreign Issuing
Lender shall be required to issue a Foreign Credit Instrument in any
jurisdiction that would impose withholding taxes on any payments in respect of
such Foreign Credit Instrument.

(d)           Limitations on Use.  The Borrowers may only request the issuance
of Foreign Credit Instruments if:

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(i)            the Dollar Equivalent of the requested Foreign Credit Instrument,
when aggregated with the Dollar Equivalent of all other outstanding Foreign
Credit Instruments and unreimbursed Foreign Credit Disbursements as of the time
of receipt of the relevant Utilization Request, does not exceed the total
Foreign Credit Instrument Issuing Commitments or the total Foreign Credit
Commitments;

(ii)           if the requested Foreign Credit Instrument constitutes a Warranty
Guarantee, the Dollar Equivalent of such Foreign Credit Instrument, when
aggregated with the Dollar Equivalent of all other outstanding Warranty
Guarantees and unreimbursed Foreign Credit Disbursements in respect of Warranty
Guarantees as of the time of receipt of the relevant Utilization Request, does
not exceed 30% of the total Foreign Credit Commitments;

(iii)          if the requested Foreign Credit Instrument constitutes a
Performance Guarantee, the Dollar Equivalent of such Foreign Credit Instrument,
when aggregated with the Dollar Equivalent of all other outstanding Performance
Guarantees and unreimbursed Foreign Credit Disbursements in respect of
Performance Guarantees as of the time of receipt of the relevant Utilization
Request, does not exceed 60% of the total Foreign Credit Commitments;

(iv)          if the requested Foreign Credit Instrument constitutes an Advance
Payment Guarantee, the Dollar Equivalent of such Foreign Credit Instrument, when
aggregated with the Dollar Equivalent of all other outstanding Advance Payment
Guarantees and unreimbursed Foreign Credit Disbursements in respect of Advance
Payment Guarantees as of the time of receipt of the relevant Utilization
Request, does not exceed 45% of the total Foreign Credit Commitments;

(v)           if the requested Foreign Credit Instrument constitutes a Tender
Guarantee, the Dollar Equivalent of such Foreign Credit Instrument, when
aggregated with the Dollar Equivalent of all other outstanding Tender Guarantees
and unreimbursed Foreign Credit Disbursements in respect of Tender Guarantees as
of the time of receipt of the relevant Utilization Request, does not exceed 10%
of the total Foreign Credit Commitments; and

(vi)          if the requested Foreign Credit Instrument constitutes a General
Purpose Guarantee, the Dollar Equivalent of such Foreign Credit Instrument, when
aggregated with the Dollar Equivalent of all other outstanding General Purpose
Guarantees and unreimbursed Foreign Credit Disbursements in respect of General
Purpose Guarantees as of the time of receipt of the relevant Utilization
Request, does not exceed 10% of the total Foreign Credit Commitments.

If the Foreign Trade Facility Agent is of the opinion that a requested Foreign
Credit Instrument is not of the type as specified in the Utilization Request by
a Borrower or if the type of Foreign Credit Instrument is not clearly specified
in the relevant Utilization Request, the Foreign Trade Facility Agent shall
reasonably determine the type of the requested Foreign Credit Instrument based
on the purpose (or, if such Foreign Credit Instrument is intended to serve more
than one purpose, the primary purpose) assumed by the Foreign Trade Facility
Agent on the basis of the wording of the relevant requested Foreign Credit
Instrument and the facts and circumstances known to it at the time of the
receipt of such Utilization  Request, and the Foreign Trade Facility Agent shall
inform such Borrower accordingly of such determination.  If the Foreign Trade
Facility Agent and the relevant Borrower mutually determine at a later stage
that a Foreign Credit Instrument shall fall into another category, such
re-qualification shall be taken into account for the purpose of this Section
2.6(d).  No Borrower shall make a Utilization Request for Foreign Credit
Instruments to serve as security for obligations of any Person other than a
Borrower or a Subsidiary.

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(e)           Deviations from Foreign Credit Instrument Requirements.  No
Foreign Credit Instrument shall be issued by any Foreign Issuing Lender if the
Mandatory Requirements are not fulfilled.  No Foreign Issuing Lender shall be
obliged to issue a Foreign Credit Instrument (i) which does not fulfill the
Dispensable Requirements, (ii) which shall be issued in a currency other than a
Permitted Currency, or (iii) if the issuance of the relevant Foreign Credit
Instrument is not permitted pursuant to its internal rules and guidelines.  In
order to avoid a rejection of any issuance of a Foreign Credit Instrument
requested by a Borrower due to non-compliance of its terms with the Dispensable
Requirements, each Borrower hereby undertakes that, with respect to any Foreign
Credit Instrument to be issued where the Borrower considers it reasonably likely
that it will not be in a position to negotiate with the relevant future
beneficiary terms for the relevant Foreign Credit Instrument which will meet the
Dispensable Requirements, such Borrower will as soon as possible approach the
Foreign Trade Facility Agent and designate a Foreign Issuing Lender to issue
such Foreign Credit Instrument pursuant to the terms of Section 2.6(f).  Each
Borrower shall seek advice from the Foreign Issuing Lender designated by such
Borrower as the relevant Foreign Issuing Lender with respect to all Foreign
Credit Instrument related issues during its negotiations of the underlying
contract with the potential beneficiary of such Foreign Credit Instrument.  In
cases where, in spite of such Borrower’s commercially reasonable efforts,
fulfillment of the Dispensable Requirements appears unachievable, the relevant
Foreign Issuing Lender and such Borrower shall try to reach an agreement on an
indemnity in favor of such Foreign Issuing Lender which allows such Foreign
Issuing Lender to issue the relevant Foreign Credit Instrument in its
contractual relationship with such Borrower; provided that the right of the
relevant Foreign Issuing Lender to reject the issuance of the requested Foreign
Credit Instrument shall remain unaffected.

(f)            Receipt of Utilization Request.

(i)            Following the receipt of a Utilization Request, the Foreign Trade
Facility Agent shall determine whether in its opinion the Utilization Request is
duly completed.  If the Foreign Trade Facility Agent is of the opinion that the
Utilization Request is not duly completed, it shall promptly inform the relevant
Borrower and shall liaise with such Borrower with a view to agree on a
modification of such Utilization Request.  If no such agreement can be reached,
the Foreign Trade Facility Agent shall reject the Utilization Request.  If the
Foreign Trade Facility Agent is of the opinion (as the case may be, following a
modification of such Utilization Request) that the Utilization Request is duly
completed, it shall forward such Utilization Request to the determined Foreign
Issuing Lender(s).

(ii)           If the Foreign Trade Facility Agent determines that, due to the
amount of the requested Foreign Credit Instrument, the requested Foreign Credit
Instrument cannot be issued by a single Foreign Issuing Lender, it shall
promptly inform the relevant Borrower and such Borrower shall then either
withdraw the relevant Utilization Request or instruct the Foreign Trade Facility
Agent that the relevant Foreign Credit Instrument shall be split into two or, if
necessary due to the amount of the Foreign Credit Instrument, more Foreign
Credit Instruments issued by several Foreign Issuing Lenders.

(iii)          In no event shall the aggregate amount (without duplication) of
the sum of the Dollar Equivalent of all Foreign Credit Instruments and Joint
Signature Foreign Credit Instruments issued by all Foreign Issuing Lenders plus
the Dollar Equivalent of all unreimbursed Foreign Credit Disbursements of all
such Foreign Issuing Lenders exceed the aggregate amount of the Foreign Credit
Instrument Issuing Commitments or the Foreign Credit Commitments.

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(g)           Issuance of Foreign Credit Instruments.

(i)            The Foreign Trade Facility Agent shall promptly forward each
Utilization Request to the relevant Foreign Issuing Lender no later than 3:00
p.m., Düsseldorf time, on the Business Day following the day it has received
such Utilization Request (or, if such day is not a Business Day, on the Business
Day following the first Business Day after the day the Foreign Trade Facility
Agent has received the Utilization Request) (the “Latest Notification Day”). 
The Foreign Trade Facility Agent shall determine in its notice to the relevant
Foreign Issuing Lender the day on which the requested Foreign Credit Instrument
shall be issued (such day being the “Utilization Date”) which shall be the
second Business Day of such Foreign Issuing Lender immediately following its
receipt of the Utilization Request.  Such Foreign Issuing Lender(s) shall issue
the respective Foreign Credit Instrument(s) on the Utilization Date unless such
Foreign Issuing Lender informs the Foreign Trade Facility Agent and the relevant
Borrower on or prior to 5:00 p.m., Düsseldorf time, on the Utilization Date that
(and specifying the reasons) (x) it will not be able to issue the relevant
Foreign Credit Instrument on the Utilization Date (in which case the Foreign
Issuing Lender shall inform the Foreign Trade Facility Agent and such Borrower
when it will be able to issue the relevant Foreign Credit Instrument) or (y) it
will not be able to issue the Foreign Credit Instrument at all (1) due to its
internal rules and guidelines, (2) due to any applicable law or regulation with
which it has to comply, (3) due to the currency (other than any Permitted
Currency) in which the Foreign Credit Instrument shall be issued, (4) because it
is of the opinion that the Mandatory Requirements are not fulfilled, or (5)
because it is of the opinion that the Dispensable Requirements are not
fulfilled.

(ii)           If a Foreign Credit Instrument shall be issued on the same day
the Utilization Request is delivered to the Foreign Trade Facility Agent (or if
such day is not a Business Day, the following Business Day), the relevant
Borrower shall inform the Foreign Trade Facility Agent in advance that the
requested Foreign Credit Instrument shall be issued on the same day (or if such
day is not a Business Day, the following Business Day).  The Foreign Trade
Facility Agent shall promptly inform the relevant Foreign Issuing Lender
accordingly which shall be obliged to use commercially reasonable efforts to
issue the Foreign Credit Instrument on the same day as it receives the
Utilization Request.

(iii)          (A) In the cases referred to in clause (x) or clause (y)(3) of
Section 2.6(g)(i) above, the Foreign Trade Facility Agent shall obtain, and
follow, instructions from the relevant Borrower, (B) in the cases referred to in
clause (y)(1), (2), (4) and (5) of Section 2.6(g)(i) above, the relevant
Borrower shall agree with the relevant Foreign Issuing Lender any amendments
necessary to the respective Foreign Credit Instrument to enable the relevant
Foreign Issuing Lender to issue the relevant Foreign Credit Instrument and, in
the case of sub-paragraph (y)(5), Section 2.6(e) shall apply mutatis mutandis,
(C) if, in the cases referred to under (A) or (B) above, no agreement can be
reached between the relevant Foreign Issuing Lender and the relevant Borrower,
such Foreign Issuing Lender shall reject the request to issue the requested
Foreign Credit Instrument and the relevant Borrower shall promptly advise the
Foreign Trade Facility Agent and shall designate another Foreign Issuing Lender
and the time for issuance of the Foreign Credit Instrument shall be postponed to
the extent necessary for practical reasons.  Such Foreign Issuing Lender shall
promptly inform the Foreign Trade Facility Agent about all changes agreed with
such Borrower with respect to a Utilization Request in accordance with this
clause (iii).

(iv)          The relevant Foreign Issuing Lender may either issue the Foreign
Credit Instrument directly or, if requested by and agreed with the relevant
Borrower, arrange that the Foreign Credit Instrument (an “Indirect Foreign
Credit Instrument”) be issued by a second bank (including one of its affiliates)
or financial institution (the “Indirect Foreign Issuing Lender”) against its
corresponding Counter-Guarantee in the form satisfactory to the Indirect Foreign

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Issuing Lender.  In case of an Indirect Foreign Credit Instrument, such Foreign
Issuing Lender is entitled to receive, for payment to the Indirect Foreign
Issuing Lender, separate fees and expenses in respect of such Indirect Foreign
Credit Instrument in addition to the fees and expenses pursuant to Section
2.6(p).  In line with international practices, the validity of a
Counter-Guarantee in favor of the Indirect Foreign Issuing Lender will exceed
the validity of the Indirect Foreign Credit Instrument by at least ten calendar
days.

(v)           If a Utilization Request is made to request an amendment
(including an extension) of any outstanding Foreign Credit Instrument, the
Foreign Trade Facility Agent shall forward the Utilization Request to the
relevant Foreign Issuing Lender if the requirements of Section 2.6(d) are
fulfilled.  Clauses (i) through (iii) of this Section 2.6(g) shall apply mutatis
mutandis.

(vi)          Each Foreign Issuing Lender shall comply at all times with the
obligations set forth on Schedule 2.6(g).

(vii)         If the relevant Foreign Issuing Lender has not rejected the
request to issue a Foreign Credit Instrument, the requested currency of which is
not a Permitted Currency, the relevant Borrower assumes all risks related
thereto and shall reimburse all costs reasonably incurred in connection with the
procurement of such currency for honoring such Foreign Credit Instrument in such
specific currency.

(h)           Borrower Liabilities.

(i)            If a Foreign Issuing Lender receives a request for payment under
any Foreign Credit Instrument (including from an Indirect Foreign Issuing Lender
under a Counter-Guarantee) issued by it, it shall promptly (and before any
payment is made in respect thereof) inform the relevant Borrower, the Foreign
Trade Facility Agent and the Administrative Agent accordingly.  A Borrower’s
obligation to reimburse any payment made by a Foreign Issuing Lender under a
Foreign Credit Instrument (each, a “Foreign Credit Disbursement”) 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 (i) any lack of validity or enforceability of any
Foreign Credit Instrument, any request for the issuance thereof or this
Agreement, or any term or provision therein, or (if any) underlying agreement
(ii) any draft or other document presented under a Foreign Credit Instrument
proving to be forged, fraudulent or invalid in any respect or any statement
therein being untrue or inaccurate in any respect, (iii) payment by the
applicable Foreign Issuing Lender under a Foreign Credit Instrument against
presentation of a draft or other document that does not comply with the terms of
such Foreign Credit Instrument, or (iv) any other event or circumstance
whatsoever, whether or not similar to any of the foregoing, that might, but for
the provisions of this Section, constitute a legal or equitable discharge of, or
provide a right of setoff against, such Borrower’s obligations hereunder. 
Neither the Foreign Trade Facility Agent, the Lenders nor any Foreign Issuing
Lender, nor any of their Related Parties, shall have any liability or
responsibility by reason of or in connection with the issuance or transfer of
any Foreign Credit Instrument or any payment or failure to make any payment
thereunder (irrespective of any of the circumstances referred to in the
preceding sentence), or any error, omission, interruption, loss or delay in
transmission or delivery of any draft, notice or other communication under or
relating to any Foreign Credit Instrument (including any document required to
make a drawing thereunder), any error in interpretation of technical terms, any
error in the finding of true facts or law or any consequence arising from causes
beyond the control of the applicable Foreign Issuing Lender; provided that
neither of the foregoing sentences shall be construed to excuse such Foreign
Issuing Lender from liability to the

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applicable Borrower to the extent of any direct damages (as opposed to
consequential damages, claims in respect of which are hereby waived by each
Borrower to the extent permitted by applicable law) suffered by such Borrower
that are caused by such Foreign Issuing Lender’s gross negligence, willful
misconduct or failure to exercise care when determining whether drafts and other
documents presented under a Foreign Credit Instrument comply with the terms
thereof, or if the obligation to honor a request for payment under a Foreign
Credit Instrument depends upon non-documentary conditions, whether questions of
facts or law at issue in the underlying transaction justify the payment by the
Foreign Issuing Lender.  In furtherance of the foregoing and without limiting
the generality thereof, the parties agree that, (i) with respect to documents
presented which appear on their face to be in substantial compliance with the
terms of a Foreign Credit Instrument, a Foreign Issuing Lender may, in its sole
discretion, either accept and make payment upon such documents without
responsibility for further investigation, regardless of any notice or
information to the contrary, or refuse to accept and make payment upon such
documents if such documents are not in strict compliance with the terms of such
Foreign Credit Instrument; or (ii) if the obligation to honor a request for
payment under a Foreign Credit Instrument depends upon non-documentary
conditions, a Foreign Issuing Lender may, in its sole discretion, either accept
and make payment upon such facts presented in connection with the request for
payment, without responsibility for further investigation, regardless of any
notice or information to the contrary; provided, however, that the applicable
Borrower does not promptly provide irrefutable evidence that facts presented in
connection with the request for payment are not true, or refuse to accept and
make payment upon such facts.  Without limiting any rights that the applicable
Foreign Issuing Lender may have under applicable law, (i) the applicable
Borrower’s aggregate remedies against the applicable Foreign Issuing Lender for
wrongfully honoring a presentation or wrongfully retaining honored documents
shall in no event exceed the aggregate amount paid by such Borrower to such
Foreign Issuing Lender with respect to the honored presentation, plus interest
at the rate equal to the Adjusted LIBO Rate for Interest Periods of one month,
(ii) may accept as a draft any written or electronic demand or request for
payment under a Foreign Credit Instrument, even if non-negotiable or not in the
form of a draft, and may disregard any requirement that such draft, demand or
request bear any or adequate reference to the Foreign Credit Instrument, and
(iii) may purchase or discount an accepted draft or deferred payment obligation
incurred under a Foreign Credit Instrument without affecting the amount or
timing of the reimbursement due from the applicable Borrower.

(ii)           The relevant Borrower shall, upon demand from the relevant
Foreign Issuing Lender, reimburse such Foreign Issuing Lender for, and
irrevocably and unconditionally indemnify such Foreign Issuing Lender against
any sum paid or payable in accordance with clause (i) above under a Foreign
Credit Instrument issued by such Foreign Issuing Lender at the request of such
Borrower and against all other liabilities, reasonable costs (including any
costs incurred in funding any amount paid by such Foreign Issuing Lender under
or in connection with such Foreign Credit Instrument), claims, losses and
expenses which such Foreign Issuing Lender may at any time (whether before, on
or after the Foreign Trade Maturity Date) reasonably incur or sustain in
connection with or arising out of any such Foreign Credit Instrument.  Each such
reimbursement shall be made in Dollars in the amount of the Dollar Equivalent of
the currency in which the applicable Foreign Credit Disbursement was made.  If a
Foreign Issuing Lender shall make any Foreign Credit Disbursement, then, unless
the relevant Borrower shall reimburse such Foreign Credit Disbursement in full
on the date such Foreign Credit Disbursement is made, the unpaid amount thereof
shall bear interest, for each day from and including the date such Foreign
Credit Disbursement is made to but excluding the date that such Borrower
reimburses such Foreign Credit Disbursement, at the rate per annum then
applicable to ABR Domestic Revolving Loans; provided that if such Borrower fails
to reimburse such Foreign Credit Disbursement upon demand (including any interim
interest incurred in connection with such Foreign Credit

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Disbursement pursuant to this sentence), then Section 2.15(c)(ii) shall apply in
respect of the overdue amounts.

(i)            Participations.  (i) By the issuance of a Foreign Credit
Instrument or Joint Signature Foreign Credit Instrument (or an amendment to a
Foreign Credit Instrument or Joint Signature Foreign Credit Instrument
increasing the amount thereof) and without any further action on the part of the
applicable Foreign Issuing Lender or the Lenders with Foreign Credit
Commitments, the applicable Foreign Issuing Lender hereby grants to each Lender
with a Foreign Credit Commitment, and each Lender with a Foreign Credit
Commitment hereby acquires from such Foreign Issuing Lender, a participation in
such Foreign Credit Instrument or Joint Signature Foreign Credit Instrument
equal to such Lender’s Applicable Percentage of the aggregate amount available
to be drawn under such Foreign Credit Instrument or Joint Signature Foreign
Credit Instrument.  In consideration and in furtherance of the foregoing, each
Lender with a Foreign Credit Commitment hereby absolutely and unconditionally
agrees to pay to the Foreign Trade Facility Agent in Dollars, for the account of
such Foreign Issuing Lender, such Lender’s Applicable Percentage of (i) each
Foreign Credit Disbursement made by such Foreign Issuing Lender in Dollars and
(ii) the Dollar Equivalent of each Foreign Credit Disbursement made by such
Foreign Issuing Lender in a Permitted Currency or in another currency permitted
under Section 2.6(g)(vii) and, in each case, not reimbursed or indemnified by
the relevant Borrower on the date due as provided in paragraph (h) of this
Section, or of any such reimbursement or indemnity payment required to be
refunded to such Borrower for any reason.  Each Lender with a Foreign Credit
Commitment acknowledges and agrees that its obligation to acquire participations
pursuant to this paragraph in respect of Foreign Credit Instruments and Joint
Signature Foreign Credit Instruments is absolute and unconditional and shall not
be affected by any circumstance whatsoever, including any amendment, renewal or
extension of any Foreign Credit Instrument and continuance of a Default or Event
of Default or reduction or termination of the Foreign Credit Commitments, and
that each such payment shall be made without any offset, abatement, withholding
or reduction whatsoever.

(j)            Reimbursement.  If the applicable Foreign Issuing Lender shall
make any payment in respect of a Foreign Credit Instrument or Joint Signature
Foreign Credit Instrument in accordance with Section 2.6(h), and if the relevant
Borrower fails to reimburse or to indemnify such Foreign Issuing Lender for such
payment in accordance with Section 2.6(h), the Foreign Trade Facility Agent
shall promptly notify the applicable Foreign Issuing Lender and each other
Lender with a Foreign Credit Commitment of the applicable unreimbursed amount,
the Dollar Equivalent thereof, the payment then due from such Borrower in
respect thereof and such Lender’s Applicable Percentage thereof.  Promptly
following receipt of such notice, each Lender with a Foreign Credit Commitment
shall pay to the Foreign Trade Facility Agent in Dollars its Applicable
Percentage of the payment then due from the relevant Borrower, and the Foreign
Trade Facility Agent shall promptly pay to the applicable Foreign Issuing Lender
in Dollars the amounts so received by it from each such Lender.  Each Lender
with a Foreign Credit Commitment at its option (after consultation with the
Parent Borrower) may perform any reimbursement obligation pursuant to this
Section 2.6(j) by causing any domestic or foreign branch or Affiliate of such
Lender to perform such reimbursement obligation if in the judgment of such
Lender such designation (i) would eliminate or reduce amounts payable pursuant
to Section 2.17 or 2.19, as the case may be and (ii) would not subject such
Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender; provided that any exercise of such option shall
not affect the obligations of the relevant Borrower or such Lender under this
Section 2.6.  Promptly following receipt by the Foreign Trade Facility Agent of
any payment from any Borrower pursuant to Section 2.6(h), the Foreign Trade
Facility Agent shall distribute such payment to the Lenders that have made
payments pursuant to this paragraph to reimburse such Foreign Issuing Lender as
their interests may appear.  Any payment made by a Lender pursuant to this
paragraph to reimburse any Foreign Issuing Lender for any payment or indemnity
made by the applicable Foreign Issuing Lender pursuant to Section 2.6(h)

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shall not relieve any Borrower of its obligation to make any reimbursement or
indemnity pursuant to Section 2.6(h).

(k)           Reversal of Foreign Credit Instruments.

(i) Each Foreign Issuing Lender will notify the Foreign Trade Facility Agent on
each Business Day about any expiration or reduction of the Face Amount of any
Foreign Credit Instrument or Counter-Guarantee issued by it which became
effective the preceding Business Day (the “Foreign Credit Instrument Termination
Date”) (a “Utilization Reduction Notice”).  With respect to:

(A)          a Foreign Credit Instrument (other than a Counter-Guarantee or an
Indirect Foreign Credit Instrument) which under its terms expires without any
doubt if no demand has been received by such Foreign Issuing Lender on or before
a specified expiry date, such Foreign Issuing Lender will, on the next Business
Day following the expiry date, give a Utilization Reduction Notice, unless the
terms of such Foreign Credit Instrument provide that it shall be governed in
accordance with the laws of any country other than a country which has been a
member state of the European Union as of December 2002 (in which case clause (B)
below shall apply mutatis mutandis);

(B)           a Foreign Credit Instrument (other than a Counter Guarantee or an
Indirect Foreign Credit Instrument) which, under its terms either does not
provide for a specific expiry date or does not otherwise expire without any
doubt if no demand for payment has been received by such Foreign Issuing Lender
on or before a definite expiry date or in the case of a release of a Foreign
Credit Instrument before the expiry date specified therein, such Foreign Issuing
Lender will give a Utilization Reduction Notice (1) as and when the original of
the Foreign Credit Instrument including all amendments, if any, is being
received by it from the beneficiary or the relevant Borrower, or (2) after
having received any explicit notice of release from the beneficiary in form and
substance substantially in accordance with the form provided in Schedule 2.6(k);

(C)           a Counter-Guarantee, such Foreign Issuing Lender will give a
Utilization Reduction Notice only upon being unconditionally discharged in
writing from any respective liability by the Indirect Foreign Issuing Lender, or
upon such Foreign Issuing Lender having paid the amount available under the
Counter-Guarantee to the Indirect Foreign Issuing Lender; provided that if the
Foreign Issuing Lender has been prevented from effecting such payment without
delay, the Utilization Reduction Notice is subject to any assertion of damages
on account of delay by the Indirect Foreign Issuing Lender;

(D)          a Foreign Credit Instrument (other than a Counter-Guarantee) issued
in connection with legal proceedings in Germany, such Foreign Issuing Lender
will give a Utilization Reduction Notice only upon receipt of the original of
the Foreign Credit Instrument for discharge from the beneficiary or upon the
beneficiary’s consent to the discharge or upon establishment of the expiry of
the Foreign Credit Instrument by an executory order according to §109(2) of the
German Code of Civil Procedure;

(E)           a Foreign Credit Instrument (including a Counter-Guarantee where
the related Indirect Foreign Credit Instrument is), expressly subject to the
Uniform Rules for Demand Guarantees of the International Chamber of Commerce in
Paris, such Foreign Issuing Lender will give a Utilization Reduction Notice if
under said rules a reversal of a letter of credit or guarantee would have to be
made;

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(F)           reductions of a Foreign Credit Instrument or an Indirect Foreign
Credit Instrument/Counter-Guarantee, such Foreign Issuing Lender will give a
Utilization Reduction Notice only if (1) the terms and conditions of any
reduction clause of the terms of the Foreign Credit Instrument are, without any
doubt, complied with or if the beneficiary or, in the case of an Indirect
Foreign Credit Instrument, the Indirect Foreign Issuing Lender has certified in
writing and unconditionally the reduction of the Foreign Credit Instrument or
Counter-Guarantee respectively or (2) the Foreign Issuing Lender has effected
partial payment pursuant to a demand; and

(G)           any Foreign Credit Instrument in relation to which such Foreign
Issuing Lender has effected full payment pursuant to a demand so that the
beneficiary would not be entitled to claim any further payment, such Foreign
Issuing Lender will give a Utilization Reduction Notice.

(ii)           If a claim under a Foreign Credit Instrument is lodged with the
relevant Foreign Issuing Lender after such Foreign Issuing Lender has given a
Utilization Reduction Notice with respect to such Foreign Credit Instrument:

(A)          such Foreign Issuing Lender shall effect payment only if such
payment is expressly authorized by the relevant Borrower or ordered by a court
decision, enforceable in the country where it was rendered; and

(B)           the relevant Borrower shall (1) indemnify such Foreign Issuing
Lender in accordance with Section 2.6(h) and (2) pay to such Foreign Issuing
Lender an amount (without duplication) equal to the Foreign Credit Commitment
Fee such Foreign Issuing Lender would have received if the relevant Foreign
Credit Instrument or Joint Signature Foreign Credit Instrument had been
outstanding from the date the relevant Utilization Reduction Notice was given
until the date payment is made by such Borrower to the Foreign Issuing Lender in
accordance with Section 2.6(h).

(iii)          From and including the day the Utilization Reduction Notice is
made, the Foreign Trade Facility Agent and the relevant Foreign Issuing Lender
shall treat each Foreign Credit Instrument subject to such Utilization Reduction
Notice for any calculations under this Agreement, as non-existing or, as the
case may be, as reduced as specified in the Utilization Reduction Notice;
provided  that, for the purpose of calculating the fees in respect of the
Foreign Trade Facility pursuant to Section 2.6(p), such Foreign Credit
Instrument shall in any case be treated as non-existing, or, as the case may be,
as reduced from the day following the Foreign Credit Instrument Termination
Date.

(l)            Permitted Maturity.  Each Foreign Credit Instrument shall have an
expiry date that complies with the definition of Permitted Maturity, unless any
such Foreign Credit Instrument does not provide for a specific expiry date, in
which case the Commercial Lifetime of such Foreign Credit Instrument shall fall
within the Permitted Maturity.

(m)          Joint Signature Foreign Credit Instruments.

(i)            If a Utilization Request has been made for a Foreign Credit
Instrument to be issued as a Joint Signature Foreign Credit Instrument, then the
relevant Borrower will approach the relevant beneficiary to ascertain whether
such beneficiary is prepared to accept a Joint Signature Foreign Credit
Instrument.  In case of the beneficiary’s acceptance, the Foreign Trade

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Facility Agent will, in close coordination with such Borrower, select the
relevant Foreign Issuing Lenders (the “Joint Foreign Issuing Lenders”) prepared
to issue the Joint Signature Foreign Credit Instrument and acceptable to the
beneficiary.

(ii)           The Joint Foreign Issuing Lenders so selected will then appoint
one of the Joint Foreign Issuing Lenders to act as their agent (the “Joint
Foreign Trade Facility Agent”) in connection with the Joint Signature Foreign
Credit Instrument acting on terms to be agreed between the Joint Foreign Issuing
Lenders and the Joint Foreign Trade Facility Agent pursuant to an agreement
substantially in the form of Schedule 2.6(m).  The Joint Foreign Trade Facility
Agent shall be responsible for coordinating the Joint Foreign Issuing Lenders
and shall represent the Joint Foreign Issuing Lenders vis-à-vis the beneficiary,
and the Joint Foreign Trade Facility Agent shall be responsible for processing
the Joint Signature Foreign Credit Instrument.  In such capacity, the Joint
Foreign Trade Facility Agent shall give to the Foreign Trade Facility Agent the
notices otherwise to be given by each Foreign Issuing Lender hereunder, in
particular under Sections 2.6(i), 2.6(o) and 2.6(p)(i).

(iii)          Any liability of the Joint Foreign Issuing Lenders under a Joint
Signature Foreign Credit Instrument, and the rights resulting from honoring a
demand made thereunder, shall be several.  Each Joint Foreign Issuing Lender
shall be responsible for the proportionate amount demanded by the beneficiary
under a Joint Signature Foreign Credit Instrument in the proportion the amount
of the Joint Signature Foreign Credit Instrument allocated to it bears to the
total Dollar Equivalent of such Joint Signature Foreign Credit Instrument.  The
Foreign Trade Facility Agent shall, with respect to the determination of the
utilization of the individual Foreign Credit Instrument Issuing Commitment of
each Joint Foreign Issuing Lender and with respect to the calculation of any
Excess Amount, treat each Joint Foreign Issuing Lender in the Joint Signature
Foreign Credit Instrument as if each Joint Foreign Issuing Lender had issued a
Foreign Credit Instrument in the amount equal to the amount of its proportionate
amount in the Joint Signature Foreign Credit Instrument.

(n)           Determination of Dollar Equivalent.  On each Business Day on which
any Foreign Credit Instrument is outstanding under this Agreement, or there is
any other Foreign Trade Exposure, the Foreign Trade Facility Agent shall
determine the amount of the Dollar Equivalent of all outstanding Foreign Credit
Instruments and unreimbursed Foreign Credit Disbursements (in each case adjusted
to reflect any repayment, prepayment or reversal of any relevant Foreign Credit
Instrument) on the basis of the foreign exchange rates for the previous Business
Day which shall be determined as follows:

(i)            if the conversion rate of the respective currency into Dollars is
published on the internet page
“www.db-markets.com” (on the sub-page “Markets”, sub-page “FX Rates”, sub-page
“FX Historic Rates”, link “DB Fixings (Frankfurt)” or on any other internet page
replacing such internet page, the calculation shall be based on the rates
displayed on such internet page; and

(ii)           if the conversion rate of the respective currency into Dollars is
not published on the internet page “www.db-markets.com” (on the sub-page
“Markets”, sub-page “FX Rates”, sub-page “FX Historic Rates”, link “DB Fixings
(Frankfurt)”  or on any other internet page replacing such internet page, the
calculation shall be based on the previous month’s foreign exchange rates
published on the same internet page on the sub-page “FX Historic Rates”, further
sub-page “End-of-Month prices”.

If the relevant exchange rate cannot be determined in accordance with clauses
(i) or (ii) above, the Foreign Trade Facility Agent shall determine the
appropriate exchange rate in its reasonable discretion.

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(o)           Cash Cover.

(i)            If, pursuant to a Daily Report issued on the last Business Day of
any calendar month (each a “Rebasing Date”), (A) the aggregate Dollar Equivalent
of the Foreign Trade Exposure of the Foreign Issuing Lenders exceeds the
aggregate amount of the Foreign Credit Instrument Issuing Commitments of the
Foreign Issuing Lenders or the aggregate amount of the Foreign Credit
Commitments of the Lenders or (B) the aggregate Dollar Equivalent of the Foreign
Credit Instruments and Joint Signature Foreign Credit Instruments outstanding
plus the aggregate Dollar Equivalent of the outstanding unreimbursed Foreign
Credit Disbursements  exceeds the amount of the Foreign Credit Commitments of
the Lenders, in either case, by more than $500,000 (any such exceeding amount
being the “Excess Amount”), the Foreign Trade Facility Agent shall request in
writing from the Parent Borrower, within a period of five Business Days
following receipt of the respective Daily Report, Cash Cover with respect to
such Excess Amount, and the Parent Borrower shall, within a period of four
Business Days following receipt of the demand from the Foreign Trade Facility
Agent, provide for Cash Cover in accordance with clause (iv) below.

(ii)           Clause (i) above shall be applicable mutatis mutandis if, in
respect of any Rebasing Date subsequent to a Rebasing Date in respect of which
Cash Cover had been provided, the Excess Amount has increased by an amount equal
to $500,000 of the aggregate Foreign Credit Instrument Issuing Commitments or
Foreign Credit Commitments due to fluctuation of currency exchange rates.

(iii)          If in respect of any Rebasing Date subsequent to a Rebasing Date
in respect of which Cash Cover had been provided pursuant to clause (i) above to
the Foreign Trade Facility Agent, the Excess Amount (as shown in the relevant
Daily Report) has been reduced to zero (either through fluctuation of currency
exchange rates or through the reduction or expiration of any Foreign Credit
Instruments), the Foreign Trade Facility Agent shall release the whole or
relevant part of the Cash Cover within three Business Days of the relevant
Rebasing Date.

(iv)          If a Borrower is obliged to provide for Cash Cover under this
Agreement, such Borrower shall pay the relevant amount for which it shall
provide Cash Cover in Dollars or in the Dollar Equivalent of the currency of the
respective Foreign Credit Instrument for which Cash Cover has to be provided to
an account of the Foreign Trade Facility Agent, in the name of the Parent
Borrower, to be maintained for the benefit of the Foreign Issuing Lenders and
Lenders with a Foreign Credit Commitment (such deposited amount, the “Cash
Cover”).  Such account shall be an interest bearing account (subject to Section
2.6(b)(v), with the amount of interest to be determined by the Foreign Trade
Facility Agent in accordance with its standard business practice) in the name of
the Parent Borrower and such account shall be pledged to the Administrative
Agent on the basis of a pledge agreement in form and substance reasonably
satisfactory to the Administrative Agent and the Parent Borrower.

(v)           If the term on any Foreign Credit Instrument or Joint Signature
Foreign Credit Instrument extends beyond the Foreign Trade Maturity Date or
other termination of this Agreement, the applicable Borrower shall, on the
earlier of the Foreign Trade Maturity Date or the date of such other termination
of this Agreement, either (A) cause such Foreign Credit Instrument or Joint
Signature Foreign Credit Instrument to be surrendered for cancellation to the
applicable Foreign Issuing Lender or (B) provide Cash Cover (or other credit
support reasonably satisfactory) to the Foreign Trade Facility Agent in an
amount equal to at least 103% of the Dollar Equivalent of the Face Amount of
such Foreign Credit Instrument or Joint Signature Foreign Credit Instrument. 
Upon notice to the Foreign Trade Facility Agent of the termination,

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reduction or expiration (without any pending drawing) of such Foreign Credit
Instrument or Joint Signature Foreign Credit Instrument issued by such Foreign
Issuing Lender, the Foreign Trade Facility Agent shall release the whole or
relevant part of the Cash Cover within three Business Days of the relevant date
of termination, reduction or expiration, and the Foreign Trade Facility Agent
shall use Cash Cover to promptly reimburse any Foreign Issuing Lender honoring
any Foreign Credit Instrument.

(p)           Fees; Termination.

(i)            Foreign Credit Commitment Fee.  The Parent Borrower agrees to pay
(or to cause a Foreign Subsidiary Borrower to pay) to the Foreign Trade Facility
Agent, for the account of each Lender with a Foreign Credit Commitment, a
commitment  fee (the “Foreign Credit Commitment Fee”) which shall accrue at the
Applicable Rate on the average daily unused amount of each Foreign Credit
Commitment of such Lender during the period from and including the Effective
Date to but excluding the date on which the Foreign Credit Commitments
terminate.  Accrued Foreign Credit Commitment Fees shall be paid quarterly in
arrears on the last Business Day of March, June, September and December of each
year and on the date on which the Foreign Credit Commitments terminate,
commencing on the first such date to occur after the date hereof.  Foreign
Credit Commitment Fees shall be computed on the basis of a year of 365 days (or
366 days in a leap year) and shall be payable for the actual number of days
elapsed (including the first day but excluding the last day).

(ii)           Foreign Credit Instrument Fee.  The Parent Borrower agrees to pay
(or to cause a Foreign Subsidiary Borrower to pay) to the Foreign Trade Facility
Agent, for the account of each Lender with a Foreign Credit Commitment, a
participation fee (the “Foreign Credit Instrument Fee”) with respect to its
participation in Foreign Credit Instruments and Joint Signature Foreign Credit
Instrument which shall accrue at the Applicable Rate on the average daily Face
Amount of each such Foreign Credit Instrument and Joint Signature Foreign Credit
Instrument outstanding (i.e. unexpired and not terminated) during the period
from and including the Effective Date to but excluding the later of the date on
which such Lender’s Foreign Credit Commitment terminates and the date on which
such Lender ceases to have any participation risk with respect to Foreign Credit
Instruments and Joint Signature Foreign Credit Instruments issued hereunder. 
Accrued Foreign Credit Instrument Fees shall be paid quarterly in arrears on the
last Business Day of March, June, September and December of each year and on the
date on which the Foreign Credit Commitments terminate, commencing on the first
such date to occur after the date hereof.  Foreign Credit Instrument Fees shall
be computed on the basis of a year of 365 days (or 366 days in a leap year) and
shall be payable for the actual number of days elapsed (including the first day
but excluding the last day).

(iii)          Foreign Credit Fronting Fee.  With respect to each issuance of a
Foreign Credit Instrument requested by a Borrower, such Borrower shall pay, in
arrears for each calendar quarter in accordance with clause (vi) below, a
fronting fee in the amount of 0.125% per annum on the Dollar Equivalent of such
Foreign Credit Instrument (the “Foreign Credit Fronting Fee”).  With respect to
any such calculation, clause (i) above shall apply mutatis mutandis.

(iv)          Foreign Credit Handling Fee.  Each Borrower shall, with respect to
the issuance or amendment of any Foreign Credit Instrument by a Foreign Issuing
Lender, pay to such Foreign Issuing Lender, quarterly in arrears in accordance
with clause (vi) below, a handling fee of $150 with respect to each Foreign
Credit Instrument so issued, and $100 with respect to each Foreign Credit
Instrument so amended, by such Foreign Issuing Lender during the previous
calendar quarter (the “Foreign Credit Handling Fee”).

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(v)           Other Fees and Expenses.  Each Borrower shall, within three
Business Days following written demand from a Foreign Issuing Lender that has
issued a Foreign Credit Instrument for such Borrower, reimburse such Foreign
Issuing Lender for all reasonable costs (including internal costs) and expenses
(including legal fees) incurred by such Lender and evidenced to such Borrower in
connection with the handling of any claims made against such Lender under any
Foreign Credit Instrument issued by it.

(vi)          Payment of Foreign Credit Fees.  Each Foreign Issuing Lender shall
notify the Foreign Trade Facility Agent in writing about the amount of all
Foreign Credit Handling Fees payable by any Borrower with respect to each
previous calendar quarter not later than on the fifth Business Day of each
calendar quarter.  In the case of each Foreign Issuing Lender, the notification
needs to include only the sum of all such fees payable to such Lender and the
respective amounts owing from each Borrower.  The Foreign Trade Facility Agent
shall calculate the Foreign Credit Commitment Fee, the Foreign Credit Instrument
Fee and the Foreign Credit Fronting Fee payable by the Borrowers with respect to
the previous calendar quarter.  The Foreign Trade Facility Agent shall, not
later than the seventh Business Day of each calendar quarter, inform the Parent
Borrower in writing about the amount of the Foreign Credit Commitment Fee,
Foreign Credit Instrument Fee and the Foreign Credit Fronting Fee payable with
respect to the previous quarter and the aggregate amount of the Foreign Credit
Handling Fee, as notified to it by the Foreign Issuing Lenders pursuant to the
first sentence of this clause (vii), and the Parent Borrower shall pay (or shall
cause the relevant Borrower to pay) such amounts to the Foreign Trade Facility
Agent for distribution to the Foreign Issuing Lenders and the applicable Lenders
not later than the fifth Business Day following the receipt by the Parent
Borrower of the notification from the Foreign Trade Facility Agent.

(vii)         Termination.  (A) With respect to each Foreign Credit Instrument
issued and which is or under which claims are still outstanding on the earlier
of (I) the Foreign Trade Maturity Date or (II) the date of termination or
cancellation of the Foreign Credit Instrument Issuing Commitments and Foreign
Credit Commitments or (B) if an Event of Default has occurred and is continuing,
upon the request of the Required Lenders to the Administrative Agent, the Parent
Borrower or other relevant Borrower, will on such applicable date provide Cash
Cover to (or other credit support reasonably satisfactory to) the Foreign Trade
Facility Agent in an amount equal to at least 103% of the Face Amount of all
such Foreign Credit Instruments.  Section 2.6(o)(v) shall apply mutatis
mutandis.

(q)           Cancellation.

(i)            The Parent Borrower may, by giving to the Administrative Agent,
with a copy to the Foreign Trade Facility Agent, not less than 15 days’ prior
written notice, cancel the whole or any part (being a minimum of $10,000,000) of
the then unused Foreign Credit Instrument Issuing Commitments and/or the Foreign
Credit Commitments without premium or penalty (it being understood and agreed
that any cancellation or termination of the Foreign Credit Instrument Issuing
Commitments and/or Foreign Credit Commitments pursuant to this Section 2.6(q)
shall be done on a pro rata basis); provided that a notice of termination of the
unused Foreign Credit Instrument Issuing Commitments and/or the Foreign Credit
Commitments delivered by the Parent Borrower may state that such notice is
conditioned upon the effectiveness or closing of other credit facilities, debt
financings or Dispositions, in which case such notice may be revoked or the date
specified therein extended by the Parent Borrower (by notice to the
Administrative Agent and the Foreign Trade Facility Agent on or prior to the
specified effective date) if such condition is not satisfied.

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(ii)           If any Foreign Issuing Lender claims a payment or indemnification
from any Borrower under Section 2.17, the Parent Borrower may, within 30 days
thereafter and by not less than 15 days’ prior written notice to the
Administrative Agent, with a copy to the Foreign Trade Facility Agent, cancel
such Foreign Issuing Lender’s unused Foreign Credit Instrument Issuing
Commitment whereupon such Foreign Issuing Lender shall cease to be obliged to
issue further Foreign Credit Instruments and its unused Foreign Credit
Instrument Issuing Commitment shall be reduced to zero.  The remaining amount of
such Foreign Issuing Lender’s Commitment shall be cancelled automatically in
whole, or, as the case may be, in part with the receipt by the Foreign Trade
Facility Agent of the Utilization Reduction Notice(s) with respect to the
Foreign Credit Instruments issued by such Foreign Issuing Lender and still
outstanding.

(iii)          Any notice of cancellation given by the Parent Borrower pursuant
to clause (i) or (ii) above shall be irrevocable and shall specify the date upon
which such cancellation is to be made and the amount of such cancellation;
provided, however, that any such notice of cancellation delivered by the Parent
Borrower may state that such notice is conditioned upon the effectiveness or
closing of other credit facilities, debt financings or Dispositions, in which
case such notice may be revoked or the date specified therein extended by the
Parent Borrower (by notice to the Administrative Agent and the Foreign Trade
Facility Agent on or prior to the specified effective date) if such condition is
not satisfied.

(iv)          Cancelled Foreign Credit Instrument Issuing Commitments cannot be
reinstated and cancelled Foreign Credit Commitments cannot be reinstated.

(r)            Reports.  The Foreign Trade Facility Agent shall send to the
Foreign Issuing Lenders, Lenders with Foreign Credit Commitments, the Parent
Borrower and the Administrative Agent, via e-mail to the addresses and persons
notified for this purpose by such Persons to the Foreign Trade Facility Agent,
(i) on each Business Day, a report (the “Daily Report”) (A) stating the Dollar
Equivalent for all outstanding Foreign Credit Instruments as determined for such
Business Day, (B) listing, for each Foreign Issuing Lender, as of such Business
Day, the Dollar Equivalent of the outstanding Foreign Credit Instruments issued
by such Foreign Issuing Lender and the percentage of each such Foreign Issuing
Lender’s utilized Foreign Credit Instrument Issuing Commitment, and (C)
containing the further information about the utilization of the Foreign Trade
Facility as specified on Schedule 2.6(r), (ii) on each Business Day, a daily
activity report of the previous Business Day, in a form as substantially set out
in Schedule 2.6(r) and (iii) not later than the fifth Business Day of each
calendar month, a report stating all overdue Foreign Credit Instruments and all
Foreign Credit Instruments falling due within such month and the following
calendar month.  The Parent Borrower and each Foreign Issuing Lender shall
inform the Foreign Trade Facility Agent by 5:00 p.m., Düsseldorf time, on the
fifth Business Day following receipt of any such report if it does not agree
with any information contained in such report.

(s)           Unreimbursed Foreign Credit Disbursements.  Each Foreign Issuing
Lender shall promptly notify the Foreign Trade Facility Agent and the
Administrative Agent of any Foreign Credit Disbursement of such Foreign Issuing
Lender that has not been reimbursed by or on behalf of the relevant Borrower and
shall include in such notice (i) the date of the Foreign Credit Disbursement,
(ii) the name of the relevant Borrower and (iii) the amount (including the
currency) of such Foreign Credit Disbursement and the Dollar Equivalent thereof
as calculated by such Foreign Issuing Lender in accordance with this Agreement.

(t)            Additional Foreign Issuing Lenders.  Upon notice to the
Administrative Agent and the Foreign Trade Facility Agent (which shall promptly
notify the Lenders with Foreign Credit Commitments), the Parent Borrower may,
designate additional Foreign Issuing Lenders to provide

58

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additional Foreign Credit Instrument Issuing Commitments hereunder and/or
designate existing Foreign Issuing Lenders to provide an increase to its
existing Foreign Credit Instrument Issuing Commitment hereunder.  No Person
shall have any obligation hereunder to become a Foreign Issuing Lender or to
provide any such additional or increased Foreign Credit Instrument Issuing
Commitment.  The Foreign Issuing Lender or other Person that in its sole
discretion agrees to provide any such increased or additional Foreign Credit
Instrument Issuing Commitment shall enter into a Foreign Issuing Lender Joinder
Agreement with completions reasonably acceptable to the Administrative Agent,
the Foreign Trade Facility Agent and the Parent Borrower.  No such designation
shall be made to (i) the Parent Borrower or the Parent Borrower’s Affiliates or
Subsidiaries or (ii) a natural person.  Upon consummation of any such Foreign
Issuing Lender Joinder Agreement, Schedule 1.1A shall be deemed revised to
reflect the applicable Foreign Credit Instrument Issuing Commitment added
pursuant to such Foreign Issuing Lender Joinder Agreement.

SECTION 2.7.            FUNDING OF BORROWINGS.

(a)           Each Lender shall make each Loan (other than any Incremental Term
Loan) to be made by it hereunder on the proposed date thereof by wire transfer
to the Administrative Agent in same day funds at the Administrative Agent’s
Office for the applicable currency most recently designated by it for such
purpose by notice to the Lenders, in immediately available funds, not later than
12:00 noon, New York City time, in the case of any Loan denominated in Dollars
and not later than the Applicable Time specified by the Administrative Agent in
the case of any Loan denominated in a Qualified Global Currency; provided that
Swingline Loans shall be made as provided in Section 2.4.  The Administrative
Agent will make such Loans available to the relevant Borrower by wiring the
amounts so received, in like funds, to an account designated by such Borrower in
the applicable Borrowing Request; provided that ABR Domestic Revolving Loans
made to finance the reimbursement of an LC Disbursement as provided in Section
2.5(e) shall be remitted by the Administrative Agent to the applicable Issuing
Lender.  Any funding of Incremental Term Loans shall be made pursuant to such
procedures as shall be agreed to by the Parent Borrower, the relevant
Incremental Term Lenders and the Administrative Agent.

(b)           Unless the Administrative Agent shall have received notice from a
Lender prior to the proposed date of any Borrowing that such Lender will not
make available to the Administrative Agent such Lender’s share of such
Borrowing, the Administrative Agent may assume that such Lender has made such
share available on such date in accordance with paragraph (a) of this Section
and may, in reliance upon such assumption, make available to the applicable
Borrower a corresponding amount in the required currency.  In such event, if a
Lender has not in fact made its share of the applicable Borrowing available to
the Administrative Agent, then the applicable Lender and such Borrower severally
agree to pay to the Administrative Agent forthwith on demand such corresponding
amount with interest thereon in such currency, for each day from and including
the date such amount is made available to such Borrower to but excluding the
date of payment to the Administrative Agent, at (i) in the case of such Lender,
the greater of the Federal Funds Effective Rate and a rate determined by the
Administrative Agent to represent its cost of overnight or short-term funds in
the relevant currency (which determination shall be conclusive absent manifest
error) or (ii) in the case of a Borrower, the interest rate applicable to such
Borrowing.  If such Lender pays such amount to the Administrative Agent, then
such amount shall constitute such Lender’s Loan included in such Borrowing.

SECTION 2.8.            INTEREST ELECTIONS.

(a)           Each Revolving Borrowing and Term Loan Borrowing initially shall
be of the Type specified in the applicable Borrowing Request and, in the case of
a Eurocurrency Borrowing, shall have an initial Interest Period as specified in
such Borrowing Request.  Thereafter, a Borrower may elect to convert such
Borrowing to a different Type or to continue such Borrowing and, in the case of
a

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Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in
this Section.  A Borrower may elect different options with respect to different
portions of the affected Borrowing, in which case each such portion shall be
allocated ratably among the Lenders holding the Loans comprising such Borrowing,
and the Loans comprising each such portion shall be considered a separate
Borrowing.  Notwithstanding the foregoing, a Borrower may not (i) elect to
convert the currency in which any Loans are denominated, (ii) elect to convert
Qualified Global Currency Loans from Eurocurrency Loans to ABR Loans, (iii)
elect an Interest Period for Eurocurrency Loans that does not comply with
Section 2.2(d), (iv) elect to convert any ABR Loans to Eurocurrency Loans that
would result in the number of Eurocurrency Borrowings exceeding the maximum
number of Eurocurrency Borrowings permitted under Section 2.2(c), (v) elect an
Interest Period for Eurocurrency Loans unless the aggregate outstanding
principal amount of Eurocurrency Loans (including any Eurocurrency Loans made to
such Borrower in the same currency on the date that such Interest Period is to
begin) to which such Interest Period will apply complies with the requirements
as to minimum principal amount set forth in Section 2.2(c) or (vi) elect to
convert or continue any Swingline Borrowings.

(b)           To make an election pursuant to this Section, a Borrower shall
notify the Administrative Agent of such election by telephone by the time that a
Borrowing Request would be required under Section 2.3 if such Borrower were
requesting a Borrowing of Domestic Revolving Loans or Global Revolving Loans of
the Type resulting from such election to be made on the effective date of such
election.  Each such telephonic Interest Election Request shall be irrevocable
and shall be confirmed promptly by delivery to the Administrative Agent of a
written Interest Election Request in a form approved by the Administrative Agent
and signed by the relevant Borrower.

(c)           Each telephonic and written Interest Election Request shall
specify the following information in compliance with Section 2.2 and paragraph
(a) of this Section:  (i) the Borrowing to which such Interest Election Request
applies; (ii) the effective date of the election made pursuant to such Interest
Election Request, which shall be a Business Day; (iii) whether the resulting
Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and (iv) if the
resulting Borrowing is a Eurocurrency Borrowing, the Interest Period to be
applicable thereto after giving effect to such election.  If any such Interest
Election Request requests a Eurocurrency Borrowing but does not specify an
Interest Period, then the relevant Borrower shall be deemed to have selected an
Interest Period of one month’s duration.

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

(e)           If the relevant Borrower fails to deliver a timely Interest
Election Request with respect to a Eurocurrency Borrowing denominated in Dollars
prior to the end of the Interest Period applicable thereto, then, unless such
Borrowing is repaid as provided herein, at the end of such Interest Period such
Borrowing shall be converted to an ABR Borrowing.  If the relevant Borrower
fails to deliver a timely Interest Election Request with respect to a
Eurocurrency Borrowing denominated in a Qualified Foreign Global Currency prior
to the end of the Interest Period applicable thereto, then, unless such
Borrowing is repaid as provided herein, at the end of such Interest Period such
Borrowing shall automatically continue as a Eurocurrency Loan having an Interest
Period of one month.  Notwithstanding any contrary provision hereof, if an Event
of Default has occurred and is continuing and the Administrative Agent, at the
request of the Required Lenders, so notifies the Parent Borrower, then, so long
as an Event of Default is continuing (i) no outstanding Borrowing denominated in
Dollars may be converted to or continued as a Eurocurrency Borrowing, (ii)
unless repaid, each Eurocurrency Borrowing denominated in Dollars shall be
converted to an ABR Borrowing at the end of the Interest Period applicable
thereto and (iii) no Borrowing denominated in a Qualified Global Currency having
an Interest Period in excess of one month may be made or continued.

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SECTION 2.9.            TERMINATION AND REDUCTION OF COMMITMENTS.

(a)           (i) The Term Loan Commitments shall terminate on the Effective
Date after the funding of the Initial Term Loans on the Effective Date, (ii) the
Domestic Revolving Commitments shall terminate on the Domestic Revolving
Maturity Date, (iii) the Global Revolving Commitments shall terminate on the
Global Revolving Maturity Date and (iv) the Foreign Credit Instrument Issuing
Commitments and the Foreign Credit Commitments shall terminate on the Foreign
Trade Maturity Date.

(b)           The Parent Borrower may at any time terminate, or from time to
time reduce, the Commitments of any Class; provided that (i) each reduction of
the Commitments (other than Foreign Credit Instrument Issuing Commitments) of
any Class shall be in an amount that is an integral multiple of $1,000,000 and
not less than $10,000,000, (ii) the Parent Borrower shall not terminate or
reduce (A) the Domestic Revolving Commitments if, after giving effect to any
concurrent prepayment of the Domestic Revolving Loans in accordance with Section
2.12, the Domestic Revolving Exposure would exceed the total Domestic Revolving
Commitments, (B) the Global Revolving Commitments if, after giving effect to any
concurrent prepayment of the Global Revolving Loans in accordance with Section
2.12, the Global Revolving Exposure would exceed the total Global Revolving
Commitments, or (C) the Foreign Credit Instrument Issuing Commitments or the
Foreign Credit Commitments if the Total Foreign Trade Exposure would exceed (1)
the total Foreign Credit Instrument Issuing Commitments or (2) the total Foreign
Credit Commitments and (iii) each reduction of Foreign Credit Instrument Issuing
Commitments and the Foreign Credit Commitments shall be made in accordance with
Section 2.6(q).

(c)           The Parent Borrower shall notify the Administrative Agent of any
election to terminate or reduce the Commitments under paragraph (b) of this
Section, at least three Business Days prior to the effective date of such
termination or reduction, specifying such election and the effective date
thereof.  Promptly following receipt of any notice, the Administrative Agent
shall advise the Lenders of the contents thereof.  Each notice delivered by the
Parent Borrower pursuant to this Section shall be irrevocable; provided that a
notice of termination of the Commitments delivered by the Parent Borrower may
state that such notice is conditioned upon the effectiveness or closing of other
credit facilities, debt financings or Dispositions, in which case such notice
may be revoked or the date specified therein extended by the Parent Borrower (by
notice to the Administrative Agent on or prior to the specified effective date)
if such condition is not satisfied.  Any termination or reduction of the
Commitments shall be permanent.  Each reduction of the Commitments of any Class
shall be made ratably among the Lenders in accordance with their respective
Commitments of such Class.

SECTION 2.10.          EVIDENCE OF DEBT.

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

(b)           The Administrative Agent, on behalf of the Borrowers, shall
maintain the Register pursuant to Section 9.4(c) and a subaccount for each
Lender in which it shall record (i) the amount of each Loan made hereunder
(whether or not evidenced by a promissory note), the Class and Type thereof and
the Interest Period applicable thereto, (ii) the amount of any principal and/or
interest due and payable or to become due and payable from each Borrower to each
Lender hereunder and (iii) the amount of any sum received by the Administrative
Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
The Foreign Trade Facility Agent shall maintain records in which it shall record
all relevant details about each Foreign Credit Instrument issued hereunder and,
upon the request of the

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Administrative Agent, the Foreign Trade Facility Agent shall make such records
(or copies thereof) available to the Administrative Agent.

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

(d)           Upon the request of any Lender made through the Administrative
Agent, the Parent Borrower shall execute and deliver to such Lender (through the
Administrative Agent) a promissory note, which shall evidence such Lender’s
Loans in addition to such accounts or records.  Each such promissory note shall
(i) in the case of Domestic Revolving Loans, be in the form of Exhibit J (a
“Domestic Revolving Note”), (ii) in the case of Global Revolving Loans, be in
the form of Exhibit K (a “Global Revolving Note”), (iii) in the case of
Swingline Loans, be in the form of Exhibit L (a “Swingline Note”), and (iv) in
the case of Term Loans, be in the form of Exhibit M (a “Term Note”).  Each
Lender may attach schedules to its Note and endorse thereon the date, Type (if
applicable), amount, currency and maturity of its Loans and payments with
respect thereto.

SECTION 2.11.          REPAYMENT OF LOANS.

(a)           The Parent Borrower shall repay the outstanding principal amount
of the Initial Term Loan on the dates and in the amounts set forth in the table
below (as such installments may hereafter be adjusted as a result of prepayments
made pursuant to Section 2.12, unless accelerated sooner pursuant to Article
VII):

Payment Dates

 

Principal Amortization 
Payment

 

 

 

 

 

March 31, 2008

 

 

$

18,750,000

 

June 30, 2008

 

 

$

18,750,000

 

September 30, 2008

 

 

$

18,750,000

 

December 31, 2008

 

 

$

18,750,000

 

March 31, 2009

 

 

$

18,750,000

 

June 30, 2009

 

 

$

18,750,000

 

September 30, 2009

 

 

$

18,750,000

 

December 31, 2009

 

 

$

18,750,000

 

March 31, 2010

 

 

$

18,750,000

 

June 30, 2010

 

 

$

18,750,000

 

September 30, 2010

 

 

$

18,750,000

 

December 31, 2010

 

 

$

18,750,000

 

March 31, 2011

 

 

$

18,750,000

 

June 30, 2011

 

 

$

18,750,000

 

September 30, 2011

 

 

$

18,750,000

 

December 31, 2011

 

 

$

112,500,000

 

March 31, 2012

 

 

$

112,500,000

 

June 30, 2012

 

 

$

112,500,000

 

Term Loan Maturity Date

 

 

Outstanding Principal
Balance of Term Loan

 

 

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(b)           The Parent Borrower shall repay Incremental Term Loans in
consecutive installments (which shall be no more frequent than quarterly) as
specified in the Incremental Facility Activation Notice pursuant to which such
Incremental Term Loans were made; provided that the weighted average life of
each Incremental Term Loan shall be no shorter than the remaining weighted
average life of the other previously existing Term Loans.

(c)           The Parent Borrower shall repay (i) the then unpaid principal
amount of the Domestic Revolving Loans on the Domestic Revolving Maturity Date
and (ii) the then unpaid principal amount of each Swingline Loan on the earlier
of the Domestic Revolving Maturity Date and the first date after such Swingline
Loan is made that is the 15th or last Business Day of a calendar month and is at
least two Business Days after such Swingline Loan is made; provided that on each
date that a Borrowing of Domestic Revolving Loans is made, the Parent Borrower
shall repay all Swingline Loans then outstanding.

(d)           Each Borrower shall repay the then unpaid principal amount of the
Global Revolving Loans on the Global Revolving Maturity Date.

SECTION 2.12.          PREPAYMENT OF LOANS.

(a)           Each Borrower shall have the right at any time and from time to
time to prepay any Borrowing in whole or in part, subject to the requirements of
this Section.

(b)           If on any date any Net Proceeds are received by or on behalf of
the Parent Borrower or any Subsidiary in respect of any Prepayment Event, the
Parent Borrower shall, within ten Business Days after such Net Proceeds are
received, apply an amount equal to the aggregate amount of such Net Proceeds,
first, to prepay Term Loans and, second, (after the Term Loans have been paid in
full) to the Domestic Revolving Loans and the Global Revolving Loans on a pro
rata basis (without a corresponding permanent reduction in the aggregate
Domestic Revolving Commitments or the aggregate Global Revolving Commitments);
provided that, in the case of any event described in clause (a) or (b) of the
definition of the term Prepayment Event, if the Parent Borrower shall deliver to
the Administrative Agent a certificate of a Financial Officer to the effect that
the Parent Borrower and the Subsidiaries intend to apply the Net Proceeds from
such event (“Reinvestment Net Proceeds”), within 360 days after receipt of such
Net Proceeds, to make Permitted Acquisitions or Investments permitted by Section
6.5 or acquire real property, equipment or other assets to be used in the
business of the Parent Borrower and the Subsidiaries, and certifying that no
Default or Event of Default has occurred and is continuing, then no prepayment
or Commitment reduction shall be required pursuant to this paragraph in respect
of such event except to the extent of any Net Proceeds therefrom that have not
been so applied by the end of such 360-day period, at which time a prepayment
shall be required in an amount equal to the Net Proceeds that have not been so
applied.  Notwithstanding the foregoing, from and after the date during any
fiscal year of the Parent Borrower on which the aggregate gross proceeds
(inclusive of amounts of the type described in the first parenthetical of
Section 6.6(d)) from Dispositions pursuant to Section 6.6(d) received during
such fiscal year exceed 15% of Total Consolidated Assets, the Net Proceeds from
each subsequent Prepayment Event occurring during such fiscal year resulting
from Dispositions pursuant to Section 6.6(d) (and a ratable amount of Net
Proceeds from any Prepayment Event that first causes the aforementioned 15%
threshold to be exceeded, which ratable amount shall be determined by reference
to a fraction, the numerator of which shall be the portion of the gross proceeds
from such Prepayment Event representing the excess above such 15% threshold and
the denominator of which shall be the aggregate gross proceeds from such
Prepayment Event) may not be treated as Reinvestment Net Proceeds.

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(c)           If on any Determination Date relating to the Global Revolving
Facility, the Total Global Exposure exceeds the total Global Revolving
Commitments by more than $500,000, the Parent Borrower shall, without notice or
demand, within three Business Days after such Determination Date, prepay (or
cause the relevant Foreign Subsidiary Borrower to prepay) the Borrowings of
Global Revolving Loans (or, if no such Borrowings are outstanding, deposit cash
collateral in an account with the Administrative Agent pursuant to Section
2.5(j)) in an aggregate amount such that, after giving effect thereto, the Total
Global Exposure does not exceed the total Global Revolving Commitments.  If on
any Determination Date relating to the Domestic Revolving Facility, the Total
Domestic Exposure exceeds the total Domestic Revolving Commitments, the Parent
Borrower shall, without notice or demand, within three Business Days after such
Determination Date, prepay (or cause the relevant Foreign Subsidiary Borrower to
prepay) the Borrowings of Domestic Revolving Loans or Swingline Borrowings (or,
if no such Borrowings are outstanding, deposit cash collateral in an account
with the Administrative Agent pursuant to Section 2.5(j)) in an aggregate amount
such that, after giving effect thereto, the Total Domestic Exposure does not
exceed the total Domestic Revolving Commitments.

(d)           A Borrower shall notify the Administrative Agent by telephone
(confirmed by telecopy promptly thereafter) of any prepayment hereunder (i) in
the case of prepayment of a Eurocurrency Borrowing, not later than 11:00 a.m.,
New York City time (or 11:00 a.m., London time, as applicable), three Business
Days before the date of prepayment, (ii) in the case of prepayment of an ABR
Borrowing, not later than 11:00 a.m., New York City time, one Business Day
before the date of prepayment or (iii) in the case of prepayment of a Swingline
Loan, not later than 12:00 noon, New York City time, on the date of prepayment. 
Each such notice shall be irrevocable and shall specify the prepayment date, the
principal amount of each Borrowing or portion thereof to be prepaid and, in the
case of a mandatory prepayment, a reasonably detailed calculation of the amount
of such prepayment; provided that, if a notice of optional prepayment is given
in connection with a conditional notice of termination of the Domestic Revolving
Commitments or the Global Revolving Commitments as contemplated by Section 2.9,
then such notice of prepayment may be revoked (or the date specified therein
extended) if such notice of termination is revoked (or the date specified
therein extended) in accordance with Section 2.9.  Promptly following receipt of
any such notice (other than a notice relating solely to Swingline Loans), the
Administrative Agent shall advise the Lenders of the contents thereof.  Each
partial prepayment of any Borrowing shall be in an amount that would be
permitted in the case of an advance of a Borrowing of the same Type as provided
in Section 2.2, except as necessary to apply fully the required amount of a
mandatory prepayment.

SECTION 2.13.          CERTAIN PAYMENT APPLICATION MATTERS.

(a)           Each repayment or prepayment of a Borrowing shall be applied
ratably to the Loans included in the repaid Borrowing.  It is understood that,
in the case of Global Revolving Loans, the relevant Borrower may select the
particular currency of Loans to be prepaid, and such prepayment shall then be
applied ratably to such Loans.  Repayments and prepayments of Borrowings shall
be accompanied by accrued interest on the amount repaid.

(b)           Any mandatory prepayment of Term Loans shall be allocated pro rata
among the Initial Term Loans and any Incremental Term Loans based on the
aggregate principal amount of outstanding Borrowings of each such Class.  Any
optional prepayment of Term Loans shall be allocated as directed by the Parent
Borrower to the Initial Term Loans and/or the Incremental Term Loans.  Amounts
prepaid on account of the Term Loans may not be reborrowed.

(c)           Each mandatory prepayment of the Term Loans shall be applied to
the installments, first to any remaining scheduled installments due prior to the
second anniversary of the date of such prepayment (applied pro rata to such
remaining installments) and, second, to the remaining scheduled

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installments due on or after the second anniversary of the date of such
prepayment (applied pro rata to such remaining installments).  Any optional
prepayment of the Term Loans shall be applied to the installments of the Term
Loans as directed by the Parent Borrower.

SECTION 2.14.          FEES.

(a)           The Parent Borrower agrees to pay to the Administrative Agent for
the account of each relevant Lender (i) a commitment fee (the “Domestic
Revolving Commitment Fee”), which shall accrue at the Applicable Rate on the
average daily unused amount of the Domestic Revolving Commitment of such Lender
during the period from and including the Effective Date to but excluding the
Domestic Revolving Maturity Date and (ii) a commitment fee (the “Global
Revolving Commitment Fee”), which shall accrue at the Applicable Rate on the
average daily unused amount of the Global Revolving Commitment of such Lender
during the period from and including the Effective Date to but excluding the
Global Revolving Maturity Date.  Accrued commitment fees shall be payable in
arrears on the last Business Day of March, June, September and December of each
year and on the Domestic Revolving Maturity Date and the Global Revolving
Maturity Date, as applicable, commencing on the first such date to occur after
the date hereof.  Domestic Revolving Commitment Fees and Global Revolving
Commitment Fees shall be computed on the basis of a year of 360 days and shall
be payable for the actual number of days elapsed (including the first day but
excluding the last day).  For purposes of computing commitment fees (x) in
respect of the Domestic Revolving Commitments, the Domestic Revolving Commitment
of a Lender shall be deemed to be used to the extent of the outstanding Domestic
Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of
such Lender shall be disregarded for such purpose) and (y) in respect of the
Global Revolving Commitments, the Global Revolving Commitments of a Lender shall
be deemed to be used to the extent of the outstanding Global Revolving Loans of
such Lender.  For the avoidance of doubt, the Foreign Credit Commitment Fee is
set forth in Section 2.6(p)(i).

(b)           Each Borrower agrees to pay:

(i)            to the Administrative Agent for the account of each Domestic
Revolving Lender a participation fee with respect to its participations in
Letters of Credit, which shall accrue at the same Applicable Rate as interest on
Eurocurrency Revolving Loans on the average daily amount of such Lender’s LC
Exposure (excluding any portion thereof attributable to unreimbursed LC
Disbursements) during the period from and including the Effective Date to but
excluding the later of the date on which such Lender’s Domestic Revolving
Commitment terminates and the date on which such Lender ceases to have any LC
Exposure;

(ii)           to the applicable Issuing Lender a fronting fee, which shall
accrue at the rate of 0.125% per annum on the average daily amount of the LC
Exposure (excluding any portion thereof attributable to unreimbursed LC
Disbursements) during the period from and including the Effective Date to but
excluding the later of the date of termination of the Domestic Revolving
Commitments and the date on which there ceases to be any LC Exposure, as well as
such Issuing Lender’s standard fees with respect to the issuance, amendment,
renewal or extension of any Letter of Credit or processing of drawings
thereunder; and

(iii)          to the applicable Foreign Issuing Lender and the other Lenders,
the fees set forth in Section 2.6(p).

Participation fees and fronting fees pursuant to clauses (i) and (ii) above
accrued through and including the last day of March, June, September and
December of each year shall be payable on the third Business Day following such
last day, commencing on the first such date to occur after the Effective Date;

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provided that all such fees shall be payable on the date on which the Domestic
Revolving Commitments terminate and any such fees accruing after the date on
which the Domestic Revolving Commitments terminate shall be payable on demand. 
Except as otherwise provided in Section 2.6(p), any other fees payable to the
applicable Issuing Lender or Foreign Issuing Lender pursuant to this paragraph
shall be payable within 10 days after demand.  All participation fees and
fronting fees shall be computed on the basis of a year of 360 days and shall be
payable for the actual number of days elapsed (including the first day but
excluding the last day).  For the purposes of calculating the average daily
amount of the LC Exposure for any period under this Section 2.14(b), the average
daily amount of the Alternative Currency LC Exposure for such period shall be
calculated by multiplying (x) the average daily balance of each Alternative
Currency Letter of Credit (expressed in the currency in which such Alternative
Currency Letter of Credit is denominated) by (y) the Exchange Rate for each such
Alternative Currency in effect on the last Business Day of such period or by
such other reasonable method that the Administrative Agent deems appropriate.

(c)           The Parent Borrower agrees to pay to the Administrative Agent and
BAS, for their own respective accounts, fees payable in the amounts and at the
times specified in the Fee Letter.

(d)           The Parent Borrower agrees to pay to the Administrative Agent, for
its own account, fees payable in the amounts and at the times specified in the
Fee Letter.

(e)           The Parent Borrower agrees to pay to the Foreign Trade Facility
Agent, for its own account, fees payable in the amounts and at the times
specified in the Deutsche Bank Fee Letter.

(f)            All fees payable hereunder shall be paid on the dates due, in
immediately available funds, to the Administrative Agent (or to the applicable
Issuing Lender, Foreign Issuing Lender or the Foreign Trade Facility Agent, in
the case of fees payable to it) for distribution, in the case of commitment fees
and participation fees, to the Lenders entitled thereto.  Except as otherwise
provided in Section 2.6(p), fees paid shall not be refundable under any
circumstances.

SECTION 2.15.          INTEREST.

(a)           ABR Loans shall bear interest at the Alternate Base Rate plus the
Applicable Rate.

(b)           Eurocurrency Loans shall bear interest at the Adjusted LIBO Rate
for the applicable Interest Period plus the Applicable Rate.

(c)           Notwithstanding the foregoing, if any principal of or interest (or
premium, if any) on any Loan or any fee or other amount payable by any Borrower
hereunder is not paid when due, whether at stated maturity, upon acceleration or
otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of
any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the
preceding paragraphs of this Section or (ii) in the case of any other amount, 2%
plus the rate applicable to ABR Revolving Loans as provided in paragraph (a) of
this Section (or, in the case of amounts denominated in a Qualified Foreign
Global Currency due under the Global Revolving Facility, the rate that would
apply to Loans in such currency pursuant to clause (i) above), in each case,
with respect to clauses (i) and (ii) above, from the date of such non-payment
until such amount is paid in full (as well after as before judgment).

(d)           Accrued interest on each Loan shall be payable in arrears on each
Interest Payment Date for such Loan and, in the case of Revolving Loans, upon
termination of the Domestic Revolving Commitments or the Global Revolving
Commitments; provided that (i) interest accrued pursuant to paragraph (c) of
this Section shall be payable on demand, (ii) in the event of any repayment or

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prepayment of any Loan (other than a prepayment of an ABR Revolving Loan prior
to the end of the Domestic Revolving Availability Period or Global Revolving
Availability Period, as applicable), accrued interest (and premium, if any) on
the principal amount repaid or prepaid shall be payable on the date of such
repayment or prepayment and (iii) in the event of any conversion of any
Eurocurrency Loan prior to the end of the current Interest Period therefor,
accrued interest on such Loan shall be payable on the effective date of such
conversion.

(e)           All interest hereunder shall be computed on the basis of a year of
360 days, except that interest computed by reference to the Alternate Base Rate
at times when the Alternate Base Rate is based on Bank of America’s “prime
rate”, and interest in respect of Sterling-denominated Loans, shall be computed
on the basis of a year of 365 days (or 366 days in a leap year), and in each
case shall be payable for the actual number of days elapsed (including the first
day but excluding the last day).  The applicable Alternate Base Rate or Adjusted
LIBO Rate shall be determined by the Administrative Agent, and such
determination shall be conclusive absent manifest error.

(f)            If, as a result of any restatement of or other adjustment to the
financial statements of the Parent Borrower or for any other reason, the Parent
Borrower or the Administrative Agent at the direction of the Required Lenders
determine that (i) the Consolidated Leverage Ratio as calculated by the Parent
Borrower as of any applicable date was inaccurate and (ii) a proper calculation
of the Consolidated Leverage Ratio would have resulted in higher pricing for
such period, the Parent Borrower shall immediately and retroactively be
obligated to pay to the Administrative Agent for the account of the applicable
Lenders, promptly on demand by the Administrative Agent (or, after the
occurrence of an actual or deemed entry of an order for relief with respect to
the Parent Borrower under the Bankruptcy Code of the United States,
automatically and without further action by any Person), an amount equal to the
excess of the amount of interest and fees that should have been paid for such
period over the amount of interest and fees actually paid for such period.  This
paragraph shall not limit the rights of the Administrative Agent, any Lender or
the Issuing Lenders, as the case may be, under Section 2.5(c), 2.14(b) or
2.15(c) or under Article VII.  The Parent Borrower’s obligations under this
paragraph shall survive the termination of the Commitments of all of the Lenders
and the repayment of all other Obligations hereunder.

SECTION 2.16.          ALTERNATE RATE OF INTEREST.

If prior to the commencement of any Interest Period for a Eurocurrency
Borrowing:

(a)           the Administrative Agent determines (which determination shall be
conclusive absent manifest error) that adequate and reasonable means do not
exist for ascertaining the Adjusted LIBO Rate for such Interest Period;

(b)           the Administrative Agent is advised by the Required Lenders that
the Adjusted LIBO Rate for such Interest Period will not adequately and fairly
reflect the cost to such Lenders (or Lender) of making or maintaining their
Loans (or its Loan) included in such Borrowing for such Interest Period; or

(c)           the Administrative Agent determines (which determination shall be
conclusive absent manifest error) that deposits in the principal amounts of the
Loans comprising such Borrowing and in the currency in which such Loans are to
be denominated are not generally available in the relevant market;

then the Administrative Agent shall give notice thereof to the Parent Borrower
and the relevant Lenders by telephone or telecopy as promptly as practicable
thereafter and, until the Administrative Agent notifies

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the Parent Borrower and the relevant Lenders that the circumstances giving rise
to such notice no longer exist, then, in the case of the relevant Facility, any
request by a Borrower for a Eurocurrency Borrowing of the affected Type or in
the affected currency, or a conversion to or continuation of a Eurocurrency
Borrowing of the affected Type or in the affected currency, pursuant to Section
2.3 or 2.8, shall be deemed rescinded; provided that if the circumstances giving
rise to such notice affect only one Type of Borrowings, then the other Type of
Borrowings shall be permitted.

SECTION 2.17.          INCREASED COSTS.

(a)           If any Change in Law shall:

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

(ii)           impose on any Lender, Issuing Lender or Foreign Issuing Lender or
the London (or other relevant) interbank market any other condition affecting
this Agreement or Eurocurrency Loans made by such Lender or any Letter of
Credit, Foreign Credit Instrument or participation therein;

and the result of any of the foregoing shall be to increase the net cost to such
Lender of making or maintaining any Eurocurrency Loan (or of maintaining its
obligation to make any such Loan) or to increase the cost to such Lender,
Issuing Lender or Foreign Issuing Lender of participating in, issuing or
maintaining any Letter of Credit or Foreign Credit Instrument or to reduce the
amount of any sum received or receiv­able by such Lender, Issuing Lender or
Foreign Issuing Lender hereunder (whether of principal, interest, premium or
otherwise), then each relevant Borrower will pay to such Lender, Issuing Lender
or Foreign Issuing Lender such additional amount or amounts as will compensate
such Lender, Issuing Lender or Foreign Issuing Lender, as the case may be, for
such additional costs incurred or reduction suffered.

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

(c)           A certificate of a Lender, Issuing Lender or Foreign Issuing
Lender setting forth in reasonable detail the basis for and computation of the
amount or amounts necessary to compensate such Person or its holding company, as
the case may be, as specified in paragraph (a) or (b) of this Section shall be
delivered to the relevant Borrower and shall be conclusive absent manifest
error.  Such Borrower shall pay such Lender, Issuing Lender or Foreign Issuing
Lender the amount shown as due on any such certificate within 10 days after
receipt thereof.  All amounts payable by any Borrower pursuant to paragraph (a)
or (b) of this Section shall be deemed to constitute interest expense in respect
of the Loans.

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(d)           Failure or delay on the part of any Lender, Issuing Lender or
Foreign Issuing Lender to demand compensation pursuant to this Section shall not
constitute a waiver of such Person’s right to demand such compensation; provided
that no Borrower shall be required to compensate a Lender, Issuing Lender or
Foreign Issuing Lender pursuant to this Section for any increased costs or
reductions incurred more than 270 days prior to the date that such Person
notifies such Borrower of the Change in Law giving rise to such increased costs
or reductions and of such Person’s intention to claim compensation therefor;

provided that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the 270-day period referred to above shall be
extended to include the period of retroactive effect thereof.

SECTION 2.18.          BREAK FUNDING PAYMENTS.

In the event of (a) the payment of any principal of any Eurocurrency Loan other
than on the last day of an Interest Period applicable thereto (including as a
result of an Event of Default), (b) the conversion of any Eurocurrency Loan
other than on the last day of the Interest Period applicable thereto, (c) the
failure to borrow, convert, continue or prepay any Domestic Revolving Loan,
Global Revolving Loan or Term Loan on the date specified in any notice delivered
pursuant hereto (regardless of whether such notice may be revoked under Section
2.12(d) and is revoked in accordance therewith), or (d) the assignment of any
Eurocurrency Loan other than on the last day of the Interest Period applicable
thereto as a result of a request by the Parent Borrower pursuant to Section
2.21, then, in any such event, the relevant Borrower shall compensate each
Lender for the loss, cost and expense attributable to such event.  In the case
of a Eurocurrency Loan, such loss, cost or expense to any Lender shall be deemed
to include an amount determined by such Lender to be the excess, if any, of (i)
the amount of interest which would have accrued on the principal amount of such
Loan had such event not occurred, at the Adjusted LIBO Rate that would have been
applicable to such Loan, for the period from the date of such event to the last
day of the then current Interest Period therefor (or, in the case of a failure
to borrow, convert or continue, for the period that would have been the Interest
Period for such Loan), over (ii) the amount of interest which would accrue on
such principal amount for such period at the interest rate which such Lender
would bid were it to bid, at the commencement of such period, for deposits in
the relevant currency of a comparable amount and period from other banks in the
relevant market.  A certificate of any Lender setting forth in reasonable detail
the basis for and computation of any amount or amounts that such Lender is
entitled to receive pursuant to this Section shall be delivered to the relevant
Borrower and shall be conclusive absent manifest error, and shall be so
delivered as promptly as reasonably practicable after such Lender obtains actual
knowledge of such amount.  Such Borrower shall pay such Lender the amount shown
as due on any such certificate within 10 days after receipt thereof.

SECTION 2.19.          TAXES.

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

(b)           In addition, each Borrower shall pay any Other Taxes to the
relevant Governmental Authority in accordance with applicable law and indemnify
the Lender from and against any Other Taxes and any penalties, interest and
reasonable expenses arising therefrom or with respect thereto.

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(c)           Each Borrower shall indemnify the Administrative Agent and each
Lender, within 10 days after written demand therefor, for the full amount of any
Indemnified Taxes paid by the Administrative Agent or such Lender on or with
respect to any payment by or on account of any obligation of a Borrower
hereunder or under any other Loan Document (including Indemnified Taxes imposed
or asserted on or attributable to amounts payable under this Section) and any
penalties, interest and reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes were correctly or legally imposed
or asserted by the relevant Governmental Authority.  A certificate setting forth
in reasonable detail the basis for and computation of the amount of such payment
or liability delivered to a Borrower by a Lender, or by the Administrative Agent
on its own behalf or on behalf of a Lender, shall be conclusive absent manifest
error, and shall be so delivered as promptly as reasonably practicable after
such Lender or the Administrative Agent, as the case may be, obtains actual
knowledge of such amount.

(d)           As soon as practicable after any payment of Indemnified Taxes or
Other Taxes by a Borrower to a Governmental Authority, such Borrower shall
deliver to the Administrative Agent the original or a certified copy of a
receipt issued by such Governmental Authority evidencing such payment, a copy of
the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent.

(e)           Each Lender that is not a United States person within the meaning
of Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to the
Parent Borrower and the Administrative Agent, on or before the date on which it
becomes a party to this Agreement either:

(A)          two duly completed and signed original copies of either Internal
Revenue Service Form W-8BEN or Internal Revenue Service Form W-8ECI (relating to
such Non-U.S. Lender and entitling it to a complete exemption from or reduction
of withholding of United States federal income taxes on all amounts to be
received by such Non-U.S. Lender pursuant to this Agreement and the other credit
documents), or successor and related applicable forms, as the case may be
(including, where applicable any such forms required to be provided to certify
to such exemption on behalf of such Non-U.S. Lender’s beneficial owners).

(B)           in the case of a Non-U.S. Lender that is not a “Bank” within the
meaning of Section 881(c)(3)(A) of the Code and that does not comply with the
requirements of clause (A) hereof, (x) a statement in the form of Exhibit D (and
any similar statements required to certify to the exemption of its beneficial
owners) or such other form of statement as shall be reasonably requested by the
Parent Borrower from time to time to the effect that such Non-U.S. Lender (and,
where applicable, its beneficial owners) is eligible for a complete exemption
from withholding of United States federal income taxes under Code Section 871(h)
or 881(c), and (y) two duly completed and signed original copies of Internal
Revenue Service Form W-8BEN or successor and related applicable forms
(including, where applicable, copies of such forms with respect to such entity’s
beneficial owners).

Further, each Non-U.S. Lender agrees (i) to deliver to the Parent Borrower and
the Administrative Agent, and if applicable, the assigning Lender two further
duly completed and signed original copies of such Forms W-8BEN or W-8ECI, as the
case may be (and, where applicable, any such forms on behalf of its beneficial
owners) or successor and related applicable forms, on or before the date that
any such form expires or becomes obsolete and promptly after the occurrence of
any event requiring a change

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from the most recent form(s) previously delivered by it to the Parent Borrower
in accordance with applicable U.S. laws and regulations, (ii) in the case of a
Non-U.S. Lender that delivers a statement in the form of Exhibit D (or such
other form of statement as shall have been requested by the Parent Borrower), to
deliver to the Parent Borrower and the Administrative Agent, and if applicable,
the assigning Lender, such statement (and where applicable, any such statements
from its beneficial owners) on the two year anniversary of the date on which
such Non-U.S. Lender became a party to this Agreement and to deliver promptly to
the Parent Borrower and the Administrative Agent, such additional statements and
forms as shall be reasonably requested by the Parent Borrower from time to time,
and (iii) to notify promptly the Parent Borrower and the Administrative Agent if
it (or, as applicable, its beneficial owners) is no longer able to deliver, or
if it is required to withdraw or cancel, any form of statement previously
delivered by it pursuant to this Section 2.19(e).  Notwithstanding anything
herein to the contrary, no Non-U.S. Lender shall be required to provide any
forms, certification or documentation which it is not legally entitled or able
to deliver.

(f)            Each Lender which is not a Non-U.S. Lender shall deliver to
Parent Borrower and the Administrative Agent (and if applicable the assigning or
participating Lender) two copies of a statement which shall contain the address
of such Lender’s office or place of business in the United States, which shall
be signed by an authorized officer of such Lender, together with two duly
completed copies of Internal Revenue Service Form W-9 (or applicable successor
form) unless it establishes to the satisfaction of the Parent Borrower that it
is otherwise eligible for an exemption from backup withholding tax or other
applicable withholding tax.  Each such Lender shall deliver to the Parent
Borrower and Administrative Agent two further duly completed and signed forms
and statements (or successor form) at or before the time any such form or
statement becomes obsolete.

(g)           Each Non-U.S. Lender agrees to indemnify and hold harmless each
Borrower from and against any Taxes imposed by or on behalf of the United States
or any taxing jurisdiction thereof, penalties, additions to tax, fines, interest
or other liabilities, costs or losses (including, without limitation, reasonable
attorney’s fees and expenses) incurred or payable by such Borrower as a result
of the failure of such Borrower to comply with its obligations to deduct or
withhold any Taxes imposed by or on behalf of the United States or any taxing
jurisdiction thereof (including penalties, additions to tax, fines or interest
on such Taxes) from any payments made pursuant to this Agreement to such
Non-U.S. Lender or the Administrative Agent which failure resulted from (i) such
Borrower’s reliance on Exhibit F pursuant to Section 2.19(e) or (ii) such Lender
being a “conduit entity” within the meaning of Treasury Reg. Section 1.881-3 or
any successor provision thereto; and, provided additionally, that, without
limitation, no amounts shall be due and owing to such Lender pursuant to Section
2.19 if either provisions (i) or (ii) are applicable.

(h)           If the Administrative Agent or any Lender determines, in its sole
discretion, that it has received a refund in respect of Indemnified Taxes or
Other Taxes paid by a Borrower, it shall promptly pay such refund, together with
any other amounts paid by such Borrower in connection with such refunded
Indemnified Taxes or Other Taxes, to such Borrower, net of all out-of-pocket
expenses incurred in obtaining such refund; provided, however, that each
Borrower agrees to promptly return such refund to the Administrative Agent or
the applicable Lender as the case may be, if it receives notice from the
Administrative Agent or applicable Lender that such Administrative Agent or
Lender is required to repay such refund.  This paragraph shall not be construed
to require the Administrative Agent or any Lender to make available its tax
returns (or any other information that it deems confidential) to the Borrower or
any Person.

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(i)            If the Administrative Agent or any Lender is entitled to an
exemption from or reduction in the rate of the imposition, deduction or
withholding of any Indemnified Tax or Other Tax under the laws of the
jurisdiction in which a Foreign Subsidiary Borrower is organized or engaged in
business, or any treaty to which such jurisdiction is a party, with respect to
payments under this Agreement or any other Loan Document, then the
Administrative Agent or such Lender (as the case may be) shall deliver to such
Foreign Subsidiary Borrower or the relevant Governmental Authority, in the
manner and at the time or times prescribed by applicable law or as reasonably
requested by the Foreign Subsidiary Borrower, such properly completed and
executed documentation prescribed by applicable law or reasonably requested by
such Foreign Subsidiary Borrower as will permit such payments to be made without
the imposition, deduction or withholding of such Indemnified Tax or Other Tax or
at a reduced  rate; provided that the Administrative Agent or such Lender is
legally entitled to complete, execute and deliver such documentation and in its
reasonable judgment such completion, execution or submission would not
materially prejudice its commercial or legal position or require disclosure of
information it considers confidential or proprietary.

SECTION 2.20.          PAYMENTS GENERALLY; PRO RATA TREATMENT; SHARING OF
SET-OFFS.

(a)           Each Borrower shall make each payment required to be made by it
hereunder or under any other Loan Document (whether of principal, interest,
premium, fees or reimbursement of LC Disbursements or Foreign Credit
Disbursements, or of amounts payable under Section 2.17, 2.18 or 2.19, or
otherwise) prior to the time expressly required hereunder or under such other
Loan Document for such payment (or, if no such time is expressly required, prior
to 12:00 noon, local time), on the date when due, in immediately available
funds, without set-off or counterclaim.  Any amounts received after such time on
any date may, in the discretion of the Administrative Agent, be deemed to have
been received on the next succeeding Business Day for purposes of calculating
interest thereon.  All such payments shall be made to the Administrative Agent
at the Administrative Agent’s Office, except as otherwise expressly provided
herein.  The Administrative Agent shall distribute any such payments received by
it for the account of any other Person to the appropriate recipient promptly
following receipt thereof.  If any payment under any Loan Document shall be due
on a day that is not a Business Day, the date for payment thereof shall be
extended to the next Business Day, and, in the case of any payment accruing
interest, interest thereon shall be payable for the period ending on such
Business Day.  Except as otherwise specified in this Agreement, each such
payment (other than (i) principal of and interest on Qualified Global Currency
Loans and LC Disbursements denominated in an Alternative Currency, which shall
be made in the applicable Qualified Global Currency or, except as otherwise
specified in Section 2.5(e), Alternative Currency, as the case may be and (ii)
payments in respect of the Foreign Credit Instruments and Foreign Credit
Disbursements thereunder, which shall be made in the currency applicable to such
Foreign Credit Instrument) shall be made in Dollars.

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

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(c)           If any Lender shall, by exercising any right of set-off or
counterclaim or otherwise, obtain payment in respect of any principal of or
interest (or premium, if any) on any of its Domestic Revolving Loans, Global
Revolving Loans, Term Loans, participations in LC Disbursements, participations
in Swingline Loans or participations in Foreign Credit Disbursements resulting
in such Lender receiving payment of a greater proportion of the aggregate amount
of its Domestic Revolving Loans, Global Revolving Loans, Term Loans,
participations in LC Disbursements, participations in Swingline Loans and
participations in Foreign Credit Disbursements and accrued interest (and
premium, if any) thereon than the proportion received by any other Lender, then
the Lender receiving such greater proportion shall purchase (for cash at face
value) participations in the Domestic Revolving Loans, the Global Revolving
Loans, the Term Loans, participations in LC Disbursements, participations in
Swingline Loans and participations in Foreign Credit Disbursements of other
Lenders to the extent necessary so that the benefit of all such payments shall
be shared by the Lenders ratably in accordance with the aggregate amount of
principal of and accrued interest (and premium, if any) on their respective
Domestic Revolving Loans, Global Revolving Loans, Term Loans, participations in
LC Disbursements, participations in Swingline Loans and participations in
Foreign Credit Disbursements; provided that (i) if any such participations are
purchased and all or any portion of the payment giving rise thereto is
recovered, such participations shall be rescinded and the purchase price
restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph shall not be construed to apply to any payment made
by a Borrower pursuant to and in accordance with the express terms of this
Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or participations
in LC Disbursements or participations in Foreign Credit Disbursements to any
assignee or participant, other than to the Parent Borrower or any Subsidiary or
Affiliate thereof (as to which the provisions of this paragraph shall apply). 
Each Borrower consents to the foregoing and agrees, to the extent it may
effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against such
Borrower rights of set-off and counterclaim with respect to such participation
as fully as if such Lender were a direct creditor of such Borrower in the amount
of such participation.

(d)           Unless the Administrative Agent shall have received notice from a
Borrower prior to the date on which any payment is due to the Administrative
Agent for the account of the Lenders (or any of them) hereunder that such
Borrower will not make such payment, the Administrative Agent may assume that
such Borrower has made such payment on such date in accordance herewith and may,
in reliance upon such assumption, distribute to the relevant Lenders the amount
due.  In such event, if such Borrower has not in fact made such payment, then
each relevant Lender severally agrees to repay to the Administrative Agent
forthwith on demand the amount so distributed to such Lender with interest
thereon, for each day from and including the date such amount is distributed to
it to but excluding the date of payment to the Administrative Agent, at the
greater of the Federal Funds Effective Rate and a rate determined by the
Administrative Agent to represent its cost of overnight or short-term funds in
the relevant currency (which determination shall be conclusive absent manifest
error).

(e)           If any Lender shall fail to make any payment required to be made
by it to the Administrative Agent, the Swingline Lender or any Issuing Lender,
then the Administrative Agent may, in its discretion (notwithstanding any
contrary provision hereof), apply any amounts thereafter received by the
Administrative Agent for the account of such Lender to satisfy such Lender’s
obligations under such Sections until all such unsatisfied obligations are fully
paid.

SECTION 2.21.          MITIGATION OBLIGATIONS; REPLACEMENT OF LENDERS.

(a)           If any Lender requests compensation under Section 2.17, or if any
Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 2.19,
then such Lender shall use reasonable efforts to designate a different lending

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office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in
the judgment of such Lender, such designation or assignment (i) would eliminate
or reduce amounts payable pursuant to Section 2.17 or 2.19, as the case may be,
in the future and (ii) would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender.  Each
Borrower hereby agrees to pay all reasonable costs and expenses incurred by any
Lender in connection with any such designation or assignment.

(b)           If (i) any Lender (other than a Foreign Issuing Lender) requests
compensation under Section 2.17, (ii) any Borrower is required to pay any
additional amount to any Lender or any Governmental Authority for the account of
any Lender pursuant to Section 2.19, (iii) any Lender defaults in its obligation
to fund Loans hereunder or (iv) any Lender becomes a “Non-Consenting Lender” (as
defined below), then the Parent Borrower may, at its sole expense and effort,
upon notice to such Lender (other than a Foreign Issuing Lender) and the
Administrative Agent, require such Lender (other than a Foreign Issuing Lender)
to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in Section 9.4), all its interests, rights and
obligations under this Agreement to an assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (A) the Parent Borrower shall have received the prior
written consent of the Administrative Agent, which consent shall not
unreasonably be withheld, and the Foreign Trade Facility Agent in the case of an
assignment of a Foreign Credit Commitment, (B) such Lender shall have received
payment of an amount equal to the outstanding principal of its Loans,
participations in Foreign Credit Disbursements, participations in LC
Disbursements and participations Swingline Loans, accrued interest (and premium,
if any) thereon, accrued fees and all other amounts payable to it hereunder,
from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or such Borrower (in the case of all other amounts) and (C)
in the event of a replacement of a Non-Consenting Lender, in order for the
Parent Borrower to be entitled to replace such a Lender, such replacement must
take place no later than 120 days after the date the Non-Consenting Lender shall
have notified the Parent Borrower and the Administrative Agent of its failure to
agree to any requested consent, waiver or amendment.  A Lender shall not be
required to make any such assignment and delegation if, prior thereto, as a
result of a waiver by such Lender or otherwise, the circumstances entitling a
Borrower to require such assignment and delegation cease to apply.  In the event
that (x) the Parent Borrower or the Administrative Agent has requested the
Lenders to consent to a departure or waiver of any provisions of the Loan
Documents or to agree to any amendment thereto, (y) the consent, waiver or
amendment in question requires the agreement of all Lenders in accordance with
the terms of Section 2.6(b) or Section 9.2 and (z) the Required Lenders have
agreed to such consent, waiver or amendment, then any Lender who does not agree
to such consent, waiver or amendment shall be deemed a “Non-Consenting Lender”.

SECTION 2.22.          CHANGE IN LAW.

Notwithstanding any other provision of this Agreement, if, after the date
hereof, (a) any Change in Law shall make it unlawful for any Issuing Lender to
issue Letters of Credit denominated in an Alternative Currency, or any Global
Revolving Lender to make Global Revolving Loans denominated in a Qualified
Global Currency, or any Foreign Issuing Lender to issue any Foreign Credit
Instruments, or (b) there shall have occurred any change in national or
international financial, political or economic conditions (including the
imposition of or any change in exchange controls) or currency exchange rates
that would make it impracticable for any Issuing Lender to issue Letters of
Credit denominated in such Alternative Currency for the account of a Borrower,
or any Global Revolving Lender to make Global Revolving Loans denominated in a
Qualified Global Currency, or any Foreign Issuing Lender to issue any Foreign
Credit Instruments, then by prompt written notice thereof to the Parent Borrower
and to the Administrative Agent (which notice shall be withdrawn whenever such
circumstances no longer exist), (i) such Issuing Lender may declare that Letters
of Credit will not thereafter be issued by it in the affected

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Alternative Currency or Alternative Currencies, whereupon the affected
Alternative Currency or Alternative Currencies shall be deemed (for the duration
of such declaration) not to constitute an Alternative Currency for purposes of
the issuance of Letters of Credit by such Issuing Lender, (ii) such Global
Revolving Lender may declare that Global Revolving Loans will not thereafter be
made by it in the affected Qualified Global Currency or Qualified Global
Currencies, whereupon the affected Qualified Global Currency or Qualified Global
Currencies shall be deemed (for the duration of such declaration) not to
constitute an a Qualified Global Currency for purposes of the making of Global
Revolving Loans by such Global Revolving Lender, and (iii) such Foreign Issuing
Lender may declare that such affected Foreign Credit Instruments will not
thereafter be issued by it and the commitment of such Foreign Issuing Lender to
issue such affected Foreign Credit Instruments shall forthwith be cancelled (for
the duration of such declaration).

SECTION 2.23.          FOREIGN SUBSIDIARY BORROWERS.

(a)           Subject to the consent of the Administrative Agent and the Global
Revolving Lenders (such consent not to be unreasonably withheld, delayed or
conditioned), the Parent Borrower may designate any Foreign Subsidiary of the
Parent Borrower as a Foreign Subsidiary Borrower under the Global Revolving
Facility by delivery to the Administrative Agent of a Borrowing Subsidiary
Agreement executed by such Subsidiary, the Parent Borrower and the
Administrative Agent and upon such delivery such Subsidiary shall for all
purposes of this Agreement be a Foreign Subsidiary Borrower under the Global
Revolving Facility and a party to this Agreement until the Parent Borrower shall
have executed and delivered to the Administrative Agent a Borrowing Subsidiary
Termination with respect to such Subsidiary, whereupon such Subsidiary shall
cease to be a Foreign Subsidiary Borrower under the Global Revolving Facility. 
Notwithstanding the preceding sentence, no such Borrowing Subsidiary Termination
will become effective as to any Foreign Subsidiary Borrower under the Global
Revolving Facility at a time when any Obligations of such Foreign Subsidiary
Borrower shall be outstanding thereunder or any Letters of Credit issued for the
account of Such Foreign Subsidiary Borrower shall be outstanding (which shall
not have been cash collateralized in a manner consistent with the terms of
Section 2.5(j)); provided that such Borrowing Subsidiary Termination shall be
effective to terminate such Foreign Subsidiary Borrower’s right to make further
borrowings under the Global Revolving Facility.  The Global Revolving Lenders
agree that each Foreign Subsidiary Borrower identified in Part A of Schedule
2.23 is an acceptable Foreign Subsidiary Borrower under the Global Revolving
Facility.

(b)           Subject to the consent of the Foreign Trade Facility Agent, the
Administrative Agent, the Foreign Issuing Lenders and all of the Lenders with a
Foreign Credit Commitment (such consent not to be unreasonably withheld, delayed
or conditioned), the Parent Borrower may designate any Foreign Subsidiary of the
Parent Borrower as a Foreign Subsidiary Borrower under the Foreign Trade
Facility by delivery to the Foreign Trade Facility Agent and the Administrative
Agent of a Borrowing Subsidiary Agreement executed by such Subsidiary, the
Parent Borrower, the Foreign Trade Facility Agent and the Administrative Agent
and upon such delivery such Subsidiary shall for all purposes of this Agreement
be a Foreign Subsidiary Borrower under the Foreign Trade Facility and a party to
this Agreement until the Parent Borrower shall have executed and delivered to
the Foreign Trade Facility Agent and the Administrative Agent a Borrowing
Subsidiary Termination with respect to such Subsidiary, whereupon such
Subsidiary shall cease to be a Foreign Subsidiary Borrower under the Foreign
Trade Facility.  Notwithstanding the preceding sentence, no such Borrowing
Subsidiary Termination will become effective as to any Foreign Subsidiary
Borrower under the Foreign Trade Facility at a time when any Obligations of such
Foreign Subsidiary Borrower shall be outstanding thereunder or any Foreign
Credit Instruments issued for the account of such Foreign Subsidiary Borrower
shall be outstanding (which shall not have been cash collateralized or otherwise
supported in a manner consistent with the terms of Section 2.6(o)(iv)), provided
that such Borrowing Subsidiary Termination shall be effective to terminate such

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Foreign Subsidiary Borrower’s right to request further Foreign Credit
Instruments or other extensions of credit under the Foreign Trade Facility.

(c)           For the avoidance of doubt, no Foreign Subsidiary Borrower shall
be liable for the Obligations of any other Loan Party.

(d)           The Administrative Agent shall promptly notify the Global
Revolving Lenders of any Foreign Subsidiary Borrower added pursuant to Section
2.23(a), and the Foreign Trade Facility Agent shall promptly notify each Foreign
Issuing Lender and Lenders with Foreign Credit Commitments of any Foreign
Subsidiary Borrower added pursuant to Section 2.23(b).

ARTICLE III

 

REPRESENTATIONS AND WARRANTIES

The Parent Borrower represents and warrants to the Administrative Agent and the
Lenders that:

SECTION 3.1.            ORGANIZATION; POWERS.

Each of the Parent Borrower and its Subsidiaries (a) is duly organized, validly
existing and in good standing under the laws of the jurisdiction of its
organization, except, in the case of Subsidiaries, where the failure to do so,
in the aggregate, could not reasonably be expected to have a Material Adverse
Effect, (b) has all requisite power and authority to carry on its business as
now conducted in all material respects and (c) except where the failure to do
so, in the aggregate, could not reasonably be expected to have a Material
Adverse Effect, is qualified to do business in, and is in good standing in,
every jurisdiction where such qualification is required.

SECTION 3.2.            AUTHORIZATION; ENFORCEABILITY.

The Transactions to be entered into by each Loan Party are within such Loan
Party’s corporate powers and have been duly authorized by all necessary
corporate and, if required, stockholder action.  This Agreement has been duly
executed and delivered by each Borrower and constitutes, and each other Loan
Document to which any Loan Party is to be a party, when executed and delivered
by such Loan Party, will constitute, a legal, valid and binding obligation of
such Borrower or such Loan Party (as the case may be), enforceable against such
Borrower or such other Loan Party, as the case may be, in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity
or at law.

SECTION 3.3.            GOVERNMENTAL APPROVALS; NO CONFLICTS.

The Transactions (a) do not require any material consent or approval of,
registration or filing with, or any other action by, any Governmental Authority,
except such as have been obtained or made and are in full force and effect and
except filings necessary to perfect Liens created under the Loan Documents, (b)
will not violate any applicable law or regulation in any material respect or the
charter, by-laws or other organizational documents of the Parent Borrower or any
of its Subsidiaries or any order of any Governmental Authority, (c) will not
violate or result in a default under any material indenture, agreement or other
instrument binding upon the Parent Borrower or any of its Subsidiaries or its
assets, or give rise to a right thereunder to require any payment to be made by
the Parent Borrower or any of its

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Subsidiaries, and (d) will not result in the creation or imposition of any Lien
on any asset of the Parent Borrower or any of its Subsidiaries, except Liens
created under the Loan Documents.

SECTION 3.4.            FINANCIAL CONDITION; NO MATERIAL ADVERSE CHANGE.

(a)           The Parent Borrower has heretofore furnished to the Lenders its
consolidated balance sheet and statements of income, stockholders equity and
cash flows (i) as of and for the fiscal year ended December 31, 2006, reported
on by Deloitte & Touche LLP, independent public accountants, and (ii) as of and
for the fiscal quarters and the portion of the fiscal year ended March 31, 2007
and June 30, 2007, certified by its chief financial officer.  Such financial
statements present fairly, in all material respects, the financial position and
results of operations and cash flows of the Parent Borrower and its consolidated
Subsidiaries as of such dates and for such periods in accordance with GAAP,
subject to year-end audit adjustments and the absence of footnotes in the case
of the statements referred to in clause (ii) above.

(b)           Except as disclosed in the financial statements referred to above
or the notes thereto or in the Information Memorandum and except for the
Disclosed Matters, based on the facts and circumstances in existence on the
Effective Date and taking into consideration the likelihood of any realization
with respect to contingent liabilities, after giving effect to the Transactions,
none of the Parent Borrower or its Subsidiaries has, as of the Effective Date,
any material contingent liabilities, unusual long-term commitments or unrealized
losses.

(c)           Since December 31, 2006, there has been no development or event
that has had or could reasonably be expected to have a Material Adverse Effect.

SECTION 3.5.            PROPERTIES.

(a)           Each of the Parent Borrower and its Subsidiaries has good title
to, or valid leasehold interests in, all its real and personal property material
to its business, except as, in the aggregate, could not reasonably be expected
to have a Material Adverse Effect.

(b)           Except as, in the aggregate, could not reasonably be expected to
have a Material Adverse Effect, each of the Parent Borrower and its Subsidiaries
owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and
other intellectual property material to its business, and the use thereof by the
Parent Borrower and its Subsidiaries does not infringe upon the rights of any
other Person.

SECTION 3.6.            LITIGATION AND ENVIRONMENTAL MATTERS.

(a)           There are no actions, suits or proceedings by or before any
arbitrator or Governmental Authority pending against or, to the knowledge of the
Parent Borrower, threatened against or affecting the Parent Borrower or any of
its Subsidiaries (i) as to which there is a reasonable possibility of an adverse
determination and that, if adversely determined, could reasonably be expected,
in the aggregate, to have a Material Adverse Effect or (ii) that involve any of
the Loan Documents or the Transactions.

(b)           Except as, in the aggregate, could not reasonably be expected to
have a Material Adverse Effect, neither the Parent Borrower nor any of its
Subsidiaries (i) has failed to comply with any Environmental Law or to obtain,
maintain or comply with any permit, license or other approval required under any
Environmental Law, (ii) has become subject to any Environmental Liability, (iii)
has received notice of any claim with respect to any Environmental Liability or
(iv) knows of any basis for any Environmental Liability.

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SECTION 3.7.            COMPLIANCE WITH LAWS AND AGREEMENTS.

Each of the Parent Borrower and its Subsidiaries is in compliance with all laws,
regulations and orders of any Governmental Authority applicable to it or its
property and all indentures, agreements and other instruments binding upon it or
its property, except where the failure to do so, in the aggregate, could not
reasonably be expected to have a Material Adverse Effect.  No Default or Event
of Default has occurred and is continuing.

SECTION 3.8.            INVESTMENT COMPANY STATUS.

Neither the Parent Borrower nor any of its Subsidiaries is an “investment
company” as defined in, or subject to regulation under, the Investment Company
Act of 1940.

SECTION 3.9.            TAXES.

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

SECTION 3.10.          ERISA.

No ERISA Event has occurred or is reasonably expected to occur that, when taken
together with all other such ERISA Events for which liability is reasonably
expected to occur, could reasonably be expected to have a Material Adverse
Effect.  Except to the extent such excess could not reasonably be expected to
have a Material Adverse Effect, the present value of all accumulated benefit
obligations under each Plan (based on the assumptions used for purposes of
Statement of Financial Accounting Standards No. 87) did not, as of the date of
the most recent financial statements reflecting such amounts, exceed the fair
market value of the assets of such Plan, and the present value of all
accumulated benefit obligations of all underfunded Plans (based on the
assumptions used for purposes of Statement of Financial Accounting Standards No.
87) did not, as of the date of the most recent financial statements reflecting
such amounts, exceed the fair market value of the assets of all such underfunded
Plans.

SECTION 3.11.          DISCLOSURE.

As of the Effective Date, the Parent Borrower has disclosed to the Lenders all
agreements, instruments and corporate or other restrictions to which the Parent
Borrower or any of its Subsidiaries is subject, and all other matters known to
any of them, that, in the aggregate, could reasonably be expected to have a
Material Adverse Effect.  Neither the Information Memorandum nor any of the
other reports, financial statements, certificates or other information, taken as
a whole, furnished by or on behalf of any Loan Party to any Agent or any Lender
in connection with the negotiation of this Agreement or any other Loan Document
or delivered hereunder or thereunder (as modified or supplemented by other
information so furnished) contains any material misstatement of fact or omits to
state any material fact necessary to make the statements therein, in the light
of the circumstances under which they were made, not misleading; provided that,
with respect to projected financial information, the Parent Borrower represents
only that such information was prepared in good faith based upon assumptions
believed to be reasonable at the time.

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SECTION 3.12.          SUBSIDIARIES.

Schedule 3.12 sets forth the name of, and the direct and indirect ownership
interest of the Parent Borrower in, each Subsidiary of the Parent Borrower and
identifies each Subsidiary that is a Subsidiary Guarantor, in each case as of
the Effective Date after giving effect to the Transactions.

SECTION 3.13.          LABOR MATTERS.

Except as, in the aggregate, could not reasonably be expected to have a Material
Adverse Effect:  (a) there are no strikes, lockouts, slowdowns or other labor
disputes against the Parent Borrower or any Subsidiary pending or, to the
knowledge of the Parent Borrower, threatened; (b) the hours worked by and
payments made to employees of the Parent Borrower and the Subsidiaries have not
been in violation of the Fair Labor Standards Act or any other applicable
Federal, state, local or foreign law dealing with such matters; and (c) all
payments due from the Parent Borrower or any Subsidiary, or for which any claim
may be made against the Parent Borrower or any Subsidiary, on account of wages
and employee health and welfare insurance and other benefits, have been paid or
accrued as a liability on the books of the Parent Borrower or such Subsidiary. 
The consummation of the Transactions will not give rise to any right of
termination or right of renegotiation on the part of any union under any
collective bargaining agreement to which the Parent Borrower or any Subsidiary
is bound.

SECTION 3.14.          SOLVENCY.

Immediately after the consummation of the Transactions to occur on the Effective
Date and immediately following the making of each Loan made on the Effective
Date and after giving effect to the application of the proceeds of such Loans,
(a) the fair value of the assets of the Parent Borrower and its Subsidiaries,
taken as a whole, at a fair valuation, will exceed their debts and liabilities,
subordinated, contingent or otherwise; (b) the present fair saleable value of
the property of the Parent Borrower and its Subsidiaries, taken as a whole, will
be greater than the amount that will be required to pay the probable liability
of their debts and other liabilities, subordinated, contingent or otherwise, as
such debts and other liabilities become absolute and matured; (c) the Parent
Borrower and its Subsidiaries, taken as a whole, will be able to pay their debts
and liabilities, subordinated, contingent or otherwise, as such debts and
liabilities become absolute and matured; and (d) the Parent Borrower and its
Subsidiaries, taken as a whole, will not have unreasonably small capital with
which to conduct the business in which they are engaged as such business is now
conducted and is proposed to be conducted following the Effective Date.

SECTION 3.15.          SENIOR INDEBTEDNESS.

At all times after the issuance of any Subordinated Debt, (a) the Obligations
will constitute “Senior Indebtedness” (or any comparable concept) under and as
defined in the Subordinated Debt Documents and (b) in the event that any
Subsidiary Guarantees the Subordinated Debt, the obligations of such Subsidiary
Guarantor under the Guarantee and Collateral Agreement will constitute
“Guarantor Senior Indebtedness” (or any comparable concept) of such Subsidiary
Guarantor under and as defined in the Subordinated Debt Documents.

SECTION 3.16.          SECURITY DOCUMENTS.

The Guarantee and Collateral Agreement, and, after the occurrence of the Ratings
Event, each other Security Document, is effective to create in favor of the
Administrative Agent a legal, valid and enforceable security interest in the
Collateral to the extent described therein and available under the UCC.  As of
the Effective Date, Schedule 3.16 lists all of the filing jurisdictions in which
UCC-1 Financing Statements are required to be filed pursuant to the Guarantee
and Collateral Agreement.  Upon filing of

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such UCC-1 Financing Statements, the Guarantee and Collateral Agreement creates
a fully perfected Lien on, and security interest in, all right, title and
interest of the Loan Parties in such Collateral to the extent available under
the UCC, as security for the Obligations (as defined in the Guarantee and
Collateral Agreement), in each case, subject to Permitted Encumbrances or as
otherwise permitted by Section 6.3, prior and superior in right to any other
Person.

ARTICLE IV

CONDITIONS

SECTION 4.1.            EFFECTIVE DATE.

The obligations of the Lenders to make Loans hereunder, of the Issuing Lenders
to issue Letters of Credit hereunder and of the Foreign Issuing Lenders to issue
Foreign Credit Instruments hereunder shall not become effective until the date
on which each of the following conditions is satisfied:

(a)           Credit Agreement; Guarantee and Collateral Agreement.  The
Administrative Agent shall have received (i) this Agreement executed and
delivered by the Administrative Agent, the Foreign Trade Facility Agent, the
Parent Borrower and the Lenders, (ii) the Guarantee and Collateral Agreement,
executed and delivered by the Parent Borrower and each Subsidiary Guarantor and
(iii) an Acknowledgement and Consent, substantially in the form attached to the
Guarantee and Collateral Agreement, executed and delivered by each Issuer (as
defined therein) that is not a party to the Guarantee and Collateral Agreement
and that is organized under the laws of Germany or any state or territory
thereof.

(b)           Existing Credit Agreement.  The Administrative Agent shall have
received satisfactory evidence that (i) the Existing Credit Agreement shall have
been terminated and all amounts thereunder shall have been paid in full and (ii)
satisfactory arrangements shall have been made for the termination of all Liens
granted in connection therewith.

(c)           Financial Statements.  The Lenders shall have received (i) audited
consolidated financial statements of the Parent Borrower for the 2005 and 2006
fiscal years and (ii) unaudited interim consolidated financial statements of the
Parent Borrower for each fiscal quarter ended after the date of the latest
applicable financial statements delivered pursuant to clause (i) of this
paragraph as to which such financial statements are available, and such
financial statements shall not, in the reasonable judgment of the Lenders,
reflect any material adverse change in the consolidated financial condition of
the Parent Borrower, as reflected in the financial statements or projections
contained in the Confidential Information Memorandum.

(d)           Projections.  The Lenders shall have received satisfactory
projections (including written assumptions) for the Parent Borrower and its
Subsidiaries.

(e)           Pledged Stock.  The Administrative Agent shall have received the
certificates representing the shares of Capital Stock pledged pursuant to the
Guarantee and Collateral Agreement, together with an undated stock power for
each such certificate executed in blank by a duly authorized officer of the
pledgor thereof.

(f)            Filings, Registrations and Recordings.  Each document (including
any UCC financing statement) required by the Security Documents or under law or
reasonably requested by the Administrative Agent to be filed, registered or
recorded in order to create in favor of the

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Administrative Agent, for the benefit of the Lenders, a perfected Lien on the
Collateral described therein, prior and superior in right to any other Person
(other than with respect to Liens expressly permitted by Section 6.3), shall be
in proper form for filing, registration or recordation.

(g)           Legal Opinions.  The Administrative Agent shall have received
legal opinions (addressed to the Agents and the Lenders and dated the Effective
Date) (i) from Fried, Frank, Harris, Shriver & Jacobson LLP, counsel for the
Parent Borrower, and (ii) from Kevin Lilly, General Counsel of the Parent
Borrower.  The Parent Borrower hereby requests each such counsel to deliver such
opinions.

(h)           Closing Certificates.  The Administrative Agent shall have
received, with a counterpart for each Lender, a certificate of each Loan Party,
dated the Effective Date, substantially in the form of Exhibit B, with
appropriate insertions and attachments.

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

(j)            Consents.  All consents and approvals, if any, required to be
obtained from any Governmental Authority or other Person in connection with the
Transactions shall have been obtained, and all applicable waiting periods and
appeal periods shall have expired, in each case without the imposition of any
burdensome conditions, except to the extent that the failure to obtain any such
consent could not reasonably be expected to have a Material Adverse Effect.

Without limiting the generality of the provisions of the last paragraph of
Section 9.5, for purposes of determining compliance with the conditions
specified in this Section 4.1, each Lender that has signed this Agreement shall
be deemed to have consented to, approved or accepted or to be satisfied with,
each document or other matter required thereunder to be consented to or approved
by or acceptable or satisfactory to a Lender unless the Administrative Agent
shall have received notice from such Lender prior to the proposed Effective Date
specifying its objection thereto.

SECTION 4.2.            EACH CREDIT EVENT.

The obligation of each Lender to make a Loan on the occasion of any Borrowing,
and of the Issuing Lenders and Foreign Issuing Lenders to issue, amend, renew or
extend any Letter of Credit or any Foreign Credit Instrument, is subject to
receipt of the request therefor in accordance herewith and to the satisfaction
of the following conditions:

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

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

(c)           Subject to Section 5.13, in the case of any initial extension of
credit made under the Global Revolving Facility or the Foreign Trade Facility to
a Foreign Subsidiary Borrower, the

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Administrative Agent shall have received a Foreign Subsidiary Opinion and such
other documents and information with respect to such Foreign Subsidiary Borrower
as the Administrative Agent may reasonably request.

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of
Credit or a Foreign Credit Instrument shall be deemed to constitute a
representation and warranty by the Parent Borrower and the relevant Borrower on
the date thereof as to the matters specified in paragraphs (a) and (b) of this
Section.

ARTICLE V

AFFIRMATIVE COVENANTS

Until the Commitments have expired or been terminated and the principal of and
interest (and premium, if any) on each Loan and all fees payable hereunder shall
have been paid in full and all Letters of Credit and Foreign Credit Instruments
shall have expired (without any pending drawing) or terminated (or been fully
cash collateralized or otherwise supported in a manner consistent with the terms
of Section 2.5(j) or Section 2.6(o)(iv), as applicable) and all LC Disbursements
and Foreign Credit Disbursements shall have been reimbursed, the Parent Borrower
covenants and agrees with the Administrative Agent and the Lenders that:

SECTION 5.1.            FINANCIAL STATEMENTS AND OTHER INFORMATION.

The Parent Borrower will furnish to the Administrative Agent, for distribution
to the Lenders, and to the Foreign Trade Facility Agent:

(a)           within 90 days after the end of each fiscal year of the Parent
Borrower, its audited consolidated balance sheet and related statements of
operations, stockholders’ equity and cash flows as of the end of and for such
year, setting forth in each case in comparative form the figures for the
previous fiscal year, all reported on by Deloitte & Touche LLP or other
independent public accountants of recognized national standing (without a “going
concern” or like qualification or exception and without any qualification or
exception as to the scope of such audit) to the effect that such consolidated
financial statements present fairly in all material respects the financial
condition and results of operations of the Parent Borrower and its consolidated
Subsidiaries on a consolidated basis in accordance with GAAP consistently
applied (except as disclosed therein); provided that delivery within the time
period specified above of copies of the Annual Report on Form 10-K of the Parent
Borrower filed with the Securities and Exchange Commission shall be deemed to
satisfy the requirements of this Section 5.1(a);

(b)           within 45 days after the end of each of the first three fiscal
quarters of each fiscal year of the Parent Borrower, its consolidated balance
sheet and related statements of operations for such fiscal quarter and the then
elapsed portion of the fiscal year, and cash flows for the then elapsed portion
of the fiscal year, setting forth in each case in comparative form the figures
for the corresponding period or periods of (or, in the case of the balance
sheet, as of the end of) the previous fiscal year, all certified by one of its
Financial Officers as presenting fairly in all material respects the financial
condition and results of operations of the Parent Borrower and its consolidated
Subsidiaries on a consolidated basis in accordance with GAAP consistently
applied (except as disclosed therein), subject to normal year-end audit
adjustments and the absence of footnotes; provided that delivery within the time
period specified above of copies of the Quarterly Report on Form 10-Q of the
Parent Borrower filed with the Securities and Exchange Commission shall be
deemed to satisfy the requirements of this Section 5.1(b);

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(c)           concurrently with any delivery of financial statements under
clause (a) or (b) above, a certificate (a “Compliance Certificate”) of a
Financial Officer of the Parent Borrower, substantially in the form of Exhibit
M, (i) certifying as to whether a Default has occurred and, if a Default has
occurred, specifying the details thereof and any action taken or proposed to be
taken with respect thereto, (ii) setting forth reasonably detailed calculations
demonstrating compliance with Section 6.1, (iii) stating whether any change in
GAAP or in the application thereof has occurred since the date of the Parent
Borrower’s audited financial statements referred to in Section 3.4 and, if any
such change has occurred, specifying the effect of such change on the financial
statements accompanying such certificate and (iv) with respect to any Permitted
Acquisition for which the aggregate Consideration is greater than or equal to
$100,000,000 and for which a certificate has not been previously delivered to
the Administrative Agent as required by the definition of Permitted Acquisition,
certifying as to the matters specified in clause (a) of the proviso in such
definition;

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

(e)           not later than 60 days after the commencement of each fiscal year
of the Parent Borrower, a consolidated budget for such fiscal year (including a
projected consolidated balance sheet and related statements of projected
operations and cash flow as of the end of and for such fiscal year and setting
forth the assumptions used for purposes of preparing such budget) and, promptly
when available, any significant revisions of such budget;

(f)            [reserved];

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

(h)           promptly following any request therefor, such other information
regarding the operations, business affairs, financial condition and identity of
the Parent Borrower or any Subsidiary, or compliance with the terms of any Loan
Document, as any Agent or any Lender may reasonably request, including any
request made by a Lender as contemplated by Section 9.15.

The Parent Borrower hereby acknowledges that (a) the Administrative Agent and/or
BAS will make available on a confidential basis to the Foreign Trade Facility
Agent, the Lenders, the Issuing Lenders and the Foreign Issuing Lenders
materials and/or information provided by or on behalf of the Parent Borrower
hereunder (collectively, the “Borrower Materials”) by posting the Parent
Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have
personnel who do not wish to receive material non-public information with
respect to the Parent Borrower or its Affiliates, or the respective securities
of any of the foregoing, and who may be engaged in investment and other
market-related activities with respect to such Person’s securities.  The Parent
Borrower hereby agrees that (w) all Borrower Materials that are to be made
available to Public Lenders shall be clearly and conspicuously marked “PUBLIC”
which, at a

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minimum, shall mean that the word “PUBLIC” shall appear prominently on the first
page thereof; (x) by marking Borrower Materials “PUBLIC,” the Parent Borrower
shall be deemed to have authorized the Administrative Agent and BAS to treat
such Borrower Materials as not containing any material non-public information
with respect to the Parent Borrower or its securities for purposes of United
States federal and state securities laws (provided, however, that to the extent
such Borrower Materials constitute Information, they shall be treated as set
forth in Section 9.11); (y) all Borrower Materials marked “PUBLIC” are permitted
to be made available through a portion of the Platform designated as “Public
Investor;” and (z) the Administrative Agent and BAS shall be entitled to (and
agree to) treat any Borrower 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 Parent Borrower shall be under no
obligation to mark any Borrower Materials “PUBLIC”.

SECTION 5.2.            NOTICES OF MATERIAL EVENTS.

The Parent Borrower will furnish to the Administrative Agent, for distribution
to the Lenders, and to the Foreign Trade Facility Agent prompt written notice,
upon any Financial Officer having knowledge of the following:

(a)           the occurrence of any Default or Event of Default;

(b)           the filing or commencement of any action, suit or proceeding by or
before any arbitrator or Governmental Authority against or affecting the Parent
Borrower or any Affiliate thereof that could reasonably be expected to have a
Material Adverse Effect;

(c)           the occurrence of any ERISA Event that, alone or together with any
other ERISA Events that have occurred, could reasonably be expected to result in
liability of the Parent Borrower and its Subsidiaries in an aggregate amount
exceeding $50,000,000;

(d)           after the occurrence of the Ratings Event, any casualty or other
insured damage to any material portion of any Collateral or the commencement of
any action or proceeding for the taking of any material portion of the
Collateral or interest therein under power of eminent domain or by condemnation
or similar proceeding that could reasonably be expected to reduce the value of
the Collateral by an aggregate amount in excess of $50,000,000; and

(e)           any development that has resulted in, or could reasonably be
expected to have, a Material Adverse Effect.

Each notice delivered under this Section shall be accompanied by a statement of
a Financial Officer or other executive officer of the Parent Borrower setting
forth the details of the event or development requiring such notice and any
action taken or proposed to be taken with respect thereto.

SECTION 5.3.            INFORMATION REGARDING COLLATERAL.

(a)           The Parent Borrower will furnish to the Administrative Agent
prompt written notice of any change (i) in any Loan Party’s corporate name, (ii)
in the jurisdiction of organization of any Loan Party, (iii) in any Loan Party’s
identity or corporate structure or (iv) in any Loan Party’s Federal Taxpayer
Identification Number.  Unless the Parent Borrower shall have provided to the
Administrative Agent at least 15 days’ prior written notice of any such change,
the Parent Borrower agrees not to effect or permit any change referred to in the
preceding sentence until such time as all filings have been made under the UCC
or otherwise that are required in order for the Administrative Agent to continue
at all times

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following such change to have a valid, legal and perfected security interest in
all the Collateral to the same extent as before such change.

(b)           On each Collateral Date, the Parent Borrower shall deliver to the
Administrative Agent a certificate of a Financial Officer of the Parent Borrower
setting forth (i) the information required by Section 5.11 and (ii) a summary of
any change referred to in the first sentence of paragraph (a) above that has
occurred since the immediately preceding Collateral Date (or, in the case of the
first Collateral Date, since the Effective Date).

SECTION 5.4.            EXISTENCE; CONDUCT OF BUSINESS.

The Parent Borrower will, and will cause each of its Subsidiaries to, do or
cause to be done all things necessary to preserve, renew and keep in full force
and effect its legal existence and the rights, licenses, permits, privileges,
franchises, patents, copyrights, trademarks and trade names material to the
conduct of its business, except to the extent that the failure to do so could
not reasonably be expected to have a Material Adverse Effect; provided that the
foregoing shall not prohibit any merger, consolidation, liquidation or
dissolution permitted under Section 6.4.

SECTION 5.5.            PAYMENT OF OBLIGATIONS.

The Parent Borrower will, and will cause each of its Subsidiaries to, pay its
material Indebtedness and other obligations, including material Tax liabilities,
before the same shall become delinquent or in default, except where (a) the
validity or amount thereof is being contested in good faith by appropriate
proceedings, (b) the Parent Borrower or such Subsidiary has set aside on its
books adequate reserves with respect thereto in accordance with GAAP, (c) such
contest effectively suspends collection of the contested obligation and the
enforcement of any Lien securing such obligation and (d) the failure to make
payment pending such contest could not reasonably be expected to have a Material
Adverse Effect.

SECTION 5.6.            MAINTENANCE OF PROPERTIES.

The Parent Borrower will, and will cause each of its Subsidiaries to, keep and
maintain all property material to the conduct of its business in good condition,
ordinary obsolescence, wear and tear excepted and except where the failure to do
so, in the aggregate, could not reasonably be expected to have a Material
Adverse Effect.

SECTION 5.7.            INSURANCE.

The Parent Borrower will, and will cause each of its Subsidiaries to, maintain,
with financially sound and reputable insurance companies (a) insurance in such
amounts (with no greater risk retention) and against such risks as are
customarily maintained by companies of established repute engaged in the same or
similar businesses operating in the same or similar locations and (b) all
insurance required to be maintained pursuant to the Security Documents.  The
Parent Borrower will furnish to the Lenders, upon request of the Administrative
Agent, information in reasonable detail as to the insurance so maintained.

SECTION 5.8.            BOOKS AND RECORDS; INSPECTION AND AUDIT RIGHTS.

The Parent Borrower will, and will cause each of its Subsidiaries to, keep
proper books of record and account in which full, true and correct entries are
made of all dealings and transactions in relation to its business and
activities.  The Parent Borrower will, and will cause each of its Subsidiaries
to, permit any representatives designated by any Agent or any Lender, upon
reasonable prior notice, to visit and inspect its properties, to examine and
make extracts from its books and records, and to discuss its affairs,

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finances and condition with its officers and independent accountants, all at
such reasonable times and as often as reasonably requested.

SECTION 5.9.            COMPLIANCE WITH LAWS AND CONTRACTUAL OBLIGATIONS.

The Parent Borrower will, and will cause each of its Subsidiaries to, comply
with all laws, rules, regulations and orders of any Governmental Authority
(including Environmental Laws) and all Contractual Obligations applicable to it
or its property, except where the failure to do so, in the aggregate, could not
reasonably be expected to have a Material Adverse Effect.

SECTION 5.10.          USE OF PROCEEDS AND LETTERS OF CREDIT AND FOREIGN CREDIT
INSTRUMENTS.

The proceeds of the Term Loans, the Domestic Revolving Loans and the Global
Revolving Loans will be used (a) to refinance indebtedness under the Existing
Credit Agreement and (b) for working capital, capital expenditures and other
lawful corporate purposes of the Parent Borrower and its Subsidiaries, including
Permitted Acquisitions, Investments and Restricted Payments permitted hereby. 
The Letters of Credit will be used to issue financial and performance letters of
credit requested by any Borrower on behalf of itself or any of its
Subsidiaries.  The Foreign Credit Instruments will be used only for the
operational business of the Parent Borrower and its Subsidiaries; provided that
no Foreign Credit Instrument may be issued for the benefit of financial
creditors.  No part of the proceeds of any Loan will be used, whether directly
or indirectly, for any purpose that entails a violation of any of the
Regulations of the Board, including Regulations U and X.

SECTION 5.11.          ADDITIONAL COLLATERAL.

(a)           On each Collateral Date, the Parent Borrower will notify the
Administrative Agent of the identity of any Wholly Owned Subsidiary that is not
already a Subsidiary Guarantor and promptly after such Collateral Date will (i)
in the case of each such Subsidiary that is a Material Subsidiary, cause such
Subsidiary (unless it is a Foreign Subsidiary (or a Subsidiary thereof) or a
Receivables Entity) to become a “Subsidiary Guarantor” and a “Grantor” under the
Guarantee and Collateral Agreement and, after the occurrence of the Ratings
Event, each other relevant Security Document, (ii) cause the Capital Stock of
such Wholly Owned Subsidiary to be pledged pursuant to the Guarantee and
Collateral Agreement (except that, (A) if such Subsidiary is a Foreign
Subsidiary (or a Subsidiary thereof), no Capital Stock of such Subsidiary shall
be pledged unless such Subsidiary is a Material Subsidiary that is directly
owned by the Parent Borrower or a Domestic Subsidiary, and then the amount of
voting stock of such Subsidiary to be pledged pursuant to the Guarantee and
Collateral Agreement shall be limited to 65% of the outstanding shares of voting
stock of such Subsidiary, (B) if such Subsidiary is a Receivables Entity, no
shares of Capital Stock of such Subsidiary shall be pledged if the documentation
relating to the Receivables sale, factoring or securitization to which such
Receivables Entity is a party expressly prohibits such pledge and (C) if the
pledge of the Capital Stock of any such Wholly Owned Subsidiary would result in
a violation of any laws, regulations or orders of any Governmental Authority, no
shares of the Capital Stock of such Subsidiary shall be pledged) and (iii)
except in the case of a Foreign Subsidiary (or a Subsidiary thereof) or a
Receivables Entity, take all steps required pursuant to this Section 5.11,
Section 5.12 and the relevant Security Documents to create and perfect Liens in
the relevant property of such Subsidiary; provided that the Parent Borrower and
its Subsidiaries shall not be required to comply with the requirements of this
Section 5.11(a) if the Administrative Agent, in its sole discretion, determines
that the cost of such compliance is excessive in relation to the value of the
collateral security to be afforded thereby.

(b)          Promptly, and in any event within 30 days (or such longer period as
is reasonably acceptable to the Administrative Agent), following the first date
on which the corporate family rating of the Parent Borrower from Moody’s is
“Ba2” or less and the corporate credit rating of the Parent Borrower

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from S&P is “BB” or less (such date, the “Ratings Event”), the Parent Borrower
shall (i) execute and deliver, and cause each Subsidiary Guarantor to execute
and deliver, to the Administrative Agent security documents, in form and
substance reasonably satisfactory to the Administrative Agent, pursuant to which
the Parent Borrower and each Subsidiary Guarantor shall grant to the
Administrative Agent, for the benefit of the Lenders, a security interest in all
property of such Person (including any parcel of owned domestic real property
having a fair market value in excess of $10,000,000 but excluding (A) all other
real property, (B) Capital Stock not required to be pledged pursuant to Section
5.11(a), (C) assets that cannot be pledged as collateral because the pledge
thereof would result in a default, breach or other violation of then existing
Contractual Obligations or laws, regulations or orders of any Governmental
Authority and (D) those assets that are, in the reasonable judgment of the
Administrative Agent, customarily excluded from security documents) that is not
already subject to a perfected first priority Lien (except as permitted by
Section 6.3) in favor of the Administrative Agent and (ii) take, and cause the
relevant Subsidiaries to take, such actions as shall be necessary or reasonably
requested by the Administrative Agent to grant and perfect such Liens, including
actions described in Section 5.12, all at the expense of the Loan Parties;
provided that the Parent Borrower and its Subsidiaries shall not be required to
comply with the requirements of this Section 5.11(b) if the Administrative
Agent, in its sole discretion, determines that the cost of such compliance is
excessive in relation to the value of the collateral security to be afforded
thereby.

(c)           If, as of any Collateral Date following the Ratings Event, any
property of the Parent Borrower, any Subsidiary Guarantor that is a “Grantor”
under any Security Document or any Subsidiary that is required to become a
“Grantor” pursuant to Section 5.11(a) is not already subject to a perfected
first priority Lien (except to the same extent as not required pursuant to
Section 5.11(b) or as permitted by Section 6.3) in favor of the Administrative
Agent, the Parent Borrower will notify the Administrative Agent thereof, and,
promptly after such Collateral Date, will cause such assets to become subject to
a Lien under the relevant Security Documents and will take, and cause the
relevant Subsidiary to take, such actions as shall be necessary or reasonably
requested by the Administrative Agent to grant and perfect such Liens, including
actions described in Section 5.12, all at the expense of the Loan Parties;
provided that the Parent Borrower and its Subsidiaries shall not be required to
comply with the requirements of this Section 5.11(c) if the Administrative
Agent, in its sole discretion, determines that the cost of such compliance is
excessive in relation to the value of the collateral security to be afforded
thereby.

(d)          Notwithstanding anything to the contrary in this Section 5.11 or
any other Loan Document, prior to the occurrence of the Ratings Event, no
property other than Capital Stock (subject to the exceptions specified in
Section 5.11(a)) shall be required to become Collateral.

(e)           Promptly, and in any event within 30 days (or such longer period
as is reasonably acceptable to the Administrative Agent), following the first
date after the Release Date on which the corporate family rating of the Parent
Borrower from Moody’s is “Ba2” or less and the corporate credit rating of the
Parent Borrower from S&P is “BB” or less, the Parent Borrower shall (i) execute
and deliver, and cause each Subsidiary Guarantor to execute and deliver, to the
Administrative Agent security documents, in form and substance reasonably
satisfactory to the Administrative Agent, pursuant to which the Parent Borrower
and each Subsidiary Guarantor shall grant to the Administrative Agent, for the
benefit of the Lenders, a security interest in all property (and types of
property) of such Person that constituted Collateral under the Guarantee and
Collateral Agreement as in effect immediately prior to the Release Date (and,
for the avoidance of doubt, shall not include Capital Stock not required to be
pledged pursuant to Section 5.11(a)) and (ii) take, and cause the relevant
Subsidiaries to take, such actions as shall be necessary or reasonably requested
by the Administrative Agent to grant and perfect such Liens, including actions
described in Section 5.12, all at the expense of the Loan Parties.

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(f)           Notwithstanding anything to the contrary in this Section 5.11 or
any other Loan Document, the Administrative Agent and the Lenders shall not have
Liens on (and shall, at the request and expense of the Parent Borrower, timely
release any purported Liens on): (i) the assets transferred to a Receivables
Entity and assets of such Receivables Entity, (ii) the Receivables and related
assets (of the type specified in the definition of “Qualified Receivables
Transaction”) transferred, or in respect of which security interests are
granted, pursuant to a Qualified Receivables Transaction, (iii) if the
documentation relating to the Receivables sale, factoring or securitization to
which such Receivables Entity is a party expressly prohibits such a Lien, the
Capital Stock or debt (whether or not represented by promissory notes) of or
issued by a Receivables Entity to the Parent Borrower or any of its
Subsidiaries, in each case in connection with a Qualified Receivables
Transaction permitted by Section 6.6(c) and (iv) Capital Stock not required to
be pledged pursuant to Section 5.11(a), (b) or (c).

SECTION 5.12.          FURTHER ASSURANCES.

The Parent Borrower will, and will cause each of the Subsidiaries to, execute
any and all further documents, financing statements, agreements and instruments,
and take all such further actions (including the filing and recording of
financing statements, fixture filings, mortgages, deeds of trust and other
documents), which may be required under any applicable law, or which the
Administrative Agent may reasonably request, to effectuate the transactions
contemplated by the Loan Documents or to grant, preserve, protect or perfect the
Liens created or intended to be created by the Security Documents or the
validity or priority of any such Lien, all at the expense of the Loan Parties. 
The Parent Borrower also agrees to provide to the Administrative Agent, from
time to time upon request, evidence reasonably satisfactory to the
Administrative Agent as to the perfection and priority of the Liens created or
intended to be created by the Security Documents.

SECTION 5.13.          POST-CLOSING OBLIGATIONS.

Within 60 days of the Effective Date (or such later date as determined by the
Agents), the Parent Borrower will, for each Foreign Subsidiary Borrower listed
on Schedule 2.23 as of the Effective Date, deliver or cause to be delivered to
each Agent a Foreign Subsidiary Opinion with respect to each such Foreign
Subsidiary Borrower in form and substance reasonably satisfactory to each Agent.

ARTICLE VI

NEGATIVE COVENANTS

Until the Commitments have expired or terminated and the principal of and
interest (and premium, if any) on each Loan and all fees payable hereunder have
been paid in full and all Letters of Credit and Foreign Credit Instruments have
expired (without any pending drawing) or terminated (or been fully cash
collateralized or otherwise supported in a manner consistent with the terms of
Section 2.5(j) or Section 2.6(o)(iv), as applicable) and all LC Disbursements
and Foreign Credit Disbursements shall have been reimbursed, the Parent Borrower
covenants and agrees with the Lenders that:

SECTION 6.1.            FINANCIAL CONDITION COVENANTS.

(a)  Consolidated Leverage Ratio.  The Parent Borrower will not permit the
Consolidated Leverage Ratio as at the last day of any period of four consecutive
fiscal quarters of the Parent Borrower to exceed 3.25 to 1.00.

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(b)           Consolidated Interest Coverage Ratio.  The Parent Borrower will
not permit the Consolidated Interest Coverage Ratio for any period of four
consecutive fiscal quarters of the Parent Borrower to be less than 3.50 to 1.00.

SECTION 6.2.            INDEBTEDNESS.

The Parent Borrower will not, and will not permit any Subsidiary to, create,
incur, assume (collectively, “Incur”) or permit to exist (except as provided
below) any Indebtedness, except:

(a)           Indebtedness created under the Loan Documents;

(b)           subordinated debt of the Parent Borrower (including any
subordinated debt which extends, renews, replaces or is in exchange for existing
subordinated debt of the Parent Borrower), so long as (i) such Indebtedness has
no scheduled principal payments prior to the date that is six months after the
latest maturity date then in effect for Loans hereunder, (ii) the covenants and
defaults, taken as a whole, contained in the Subordinated Debt Documents are not
materially more restrictive than those contained in this Agreement, as agreed to
by the Administrative Agent acting reasonably, and (iii) the Subordinated Debt
Documents contain subordination terms that are no less favorable in any material
respect to the Lenders than those applicable to offerings of “high-yield”
subordinated debt by similar issuers of similar debt at or about the same time,
as agreed to by the Administrative Agent acting reasonably;

(c)           Indebtedness existing on the Effective Date and set forth in
Schedule 6.2 and extensions, renewals and replacements of any such Indebtedness
that do not increase the outstanding principal amount thereof;

(d)           Indebtedness of the Parent Borrower to any Subsidiary and of any
Subsidiary to the Parent Borrower or any other Subsidiary; provided that
Indebtedness pursuant to this paragraph (d) of any Subsidiary that is not a
Wholly Owned Subsidiary Guarantor shall be subject to Section 6.5;

(e)           Indebtedness relating to reimbursement and related obligations in
connection with surety, indemnity, performance, warranty, release and appeal
bonds or instruments, bank guarantees, letters of credit, and guarantees of any
of the foregoing in each case supporting obligations not constituting
Indebtedness for borrowed money and obtained in the ordinary course of business;

(f)            Guarantees by the Parent Borrower of Indebtedness of any
Subsidiary and by any Subsidiary of Indebtedness of the Parent Borrower or any
other Subsidiary; provided that (i) Guarantees pursuant to this paragraph (f) of
Indebtedness of any Subsidiary that is not a Wholly Owned Subsidiary Guarantor
shall be subject to Section 6.5, (ii) a Subsidiary shall not Guarantee the
Indebtedness of any Loan Party unless such Subsidiary has also Guaranteed the
Obligations pursuant to the Guarantee and Collateral Agreement and (iii)
Guarantees pursuant to this paragraph (f) of Subordinated Debt shall be
subordinated to the Guarantee of the Obligations pursuant to the Guarantee and
Collateral Agreement on terms no less favorable to the Lenders than the
subordination provisions of the Subordinated Debt;

(g)           (i)           Indebtedness of the Parent Borrower or any
Subsidiary Incurred to finance the acquisition, construction or improvement of
any fixed or capital assets, including Capital Lease Obligations and any
Indebtedness assumed in connection with the acquisition of any such assets or
secured by a Lien on any such assets prior to the acquisition thereof, and

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extensions, renewals and replacements of any such Indebtedness that do not
increase the outstanding principal amount thereof; provided that such
Indebtedness (other than any such extension, renewal or replacement) is Incurred
prior to or within 90 days after such acquisition or the completion of such
construction or improvement and (ii) Attributable Debt in connection with
Sale/Leaseback Transactions involving fixed or capital assets, in the case of
either clause (i) or (ii) if at the time of Incurrence thereof, after giving
effect thereto, the aggregate principal amount of all Specified Indebtedness
shall not exceed an amount equal to 15% of the Total Consolidated Assets;

(h)           Indebtedness of any Person that becomes a Subsidiary after the
Effective Date and extensions, renewals and replacements of any such
Indebtedness that do not increase the outstanding principal amount thereof;
provided that (i) such Indebtedness (other than any such extension, renewal or
replacement) exists at the time such Person becomes a Subsidiary and is not
created in contemplation of or in connection with such Person becoming a
Subsidiary and (ii) at the time of Incurrence thereof, after giving effect
thereto, the aggregate principal amount of all Specified Indebtedness shall not
exceed an amount equal to 15% of the Total Consolidated Assets;

(i)            Indebtedness to finance the general working capital needs of the
Parent Borrower and its Subsidiaries, Incurred after the Domestic Revolving
Maturity Date and the Global Revolving Maturity Date, in an aggregate principal
amount not to exceed the amount of the total Revolving Commitments as in effect
immediately prior to such date; provided that (i) the Revolving Commitments
shall have been or shall concurrently be terminated, the Domestic Revolving
Loans, Global Revolving Loans and Swingline Loans shall have been or shall
concurrently be repaid in full, all LC Disbursements shall have been repaid in
full and all Letters of Credit shall have been or shall concurrently be
cancelled or replaced or cash collateralized or other arrangements reasonably
satisfactory to the Administrative Agent and the applicable Issuing Lenders
shall have been made and (ii) the terms and conditions of such replacement
working capital facility (including any arrangements for sharing of collateral)
shall be reasonably satisfactory to the Required Lenders (determined after
giving effect to the termination of the Revolving Commitments);

(j)            Indebtedness relating to reimbursement and related obligations in
connection with letters of credit, bank guarantees or surety instruments
obtained in the ordinary course of business, and guarantees of the foregoing, in
an aggregate face amount not exceeding $150,000,000 at any time outstanding
(which may be secured); provided that, in the case of any such Indebtedness that
is secured, at the time of Incurrence thereof, after giving effect thereto, the
aggregate principal amount of all Specified Indebtedness shall not exceed an
amount equal to 15% of the Total Consolidated Assets;

(k)           Indebtedness of Foreign Subsidiaries and any other Subsidiary that
is not a Loan Party; provided that, at the time of Incurrence thereof, after
giving effect thereto, the aggregate principal amount of all Specified
Indebtedness shall not exceed an amount equal to 15% of the Total Consolidated
Assets (with the amount of Indebtedness under overdraft lines or cash management
facilities being determined net of cash held for the benefit of the relevant
Subsidiary by the institution creating such overdraft or cash management
facility);

(l)            unsecured Indebtedness of the Parent Borrower (and any unsecured
Guarantees of such Indebtedness by Subsidiary Guarantors to the extent permitted
by Section 6.2(f)) and any extensions, renewals and replacements of any such
Indebtedness that are Incurred by the Parent Borrower, that are unsecured and
that do not increase the outstanding principal amount of such

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Indebtedness (and any unsecured Guarantees of such Indebtedness by Subsidiary
Guarantors to the extent permitted by Section 6.2(f)); provided that, with
respect to all Indebtedness permitted by this paragraph (1) (including any
extension, renewal or replacement thereof), (i) such Indebtedness has no
scheduled principal payments prior to the latest maturity date then in effect
for Loans hereunder, (ii) the covenants and defaults, taken as a whole,
contained in the documentation for such Indebtedness are not materially more
restrictive than those contained in this Agreement, as agreed to by the
Administrative Agent acting reasonably, (iii) no Default or Event of Default
shall have occurred and be continuing, or would occur after giving effect to the
Incurrence of such Indebtedness, and (iv) the Parent Borrower shall be in
compliance, on a pro forma basis after giving effect to the Incurrence of such
Indebtedness, with the covenants contained in Section 6.1, in each case
recomputed as at the last day of the most recently ended fiscal quarter of the
Parent Borrower for which the relevant information is available as if such
Incurrence had occurred on the first day of each relevant period for testing
such compliance (as demonstrated in a certificate of a Financial Officer
delivered to the Administrative Agent not more than two Business Days prior to
such Incurrence);

(m)          Receivables Transaction Attributed Indebtedness and all yield,
interest, fees, indemnities and other amounts related thereto; provided that the
related Qualified Receivables Transaction shall be subject to Section 6.6(c);

(n)           Hedging Agreements, so long as such agreements are not entered
into for speculative purposes;

(o)           Indebtedness, and any extensions, renewals and replacements of any
such Indebtedness, incurred in connection with the Chinese Loan Facility in an
aggregate principal amount not exceeding $50,000,000 at any time outstanding;

(p)           other Indebtedness of any Loan Party in an aggregate principal
amount not exceeding $200,000,000 at any time outstanding; provided that, in the
case of any such Indebtedness that is secured, at the time of Incurrence
thereof, after giving effect thereto, the aggregate principal amount of all
Specified Indebtedness shall not exceed an amount equal to 15% of the Total
Consolidated Assets; and

(q)           Indebtedness relating to reimbursement and related obligations in
connection with letters of credit, bank guarantees or other credit instruments
issued for the account of SPX Corporation (China) Co., Ltd. or any other Chinese
Subsidiary pursuant to a facility or facilities (a “Chinese Credit Instrument
Facility”) provided by one or more financial institutions; provided, that the
aggregate face amount of outstanding letters of credit, bank guarantees or other
credit instruments under Chinese Credit Instrument Facility or Facilities,
together with the aggregate face amount of outstanding Foreign Credit
Instruments and Joint Signature Foreign Credit Instruments issued pursuant to
Section 2.6 (but without duplication of outstanding Foreign Credit Instruments
and Joint Signature Foreign Credit Instruments issued to support such Chinese
Credit Instrument Facility or Facilities) shall not exceed $950,000,000.

SECTION 6.3.            LIENS.

The Parent Borrower will not, and will not permit any Subsidiary to, Incur or
permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, or assign or sell any income or revenues (including Receivables)
or rights in respect of any thereof, except:

(a)           Liens created under the Loan Documents;

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(b)           Permitted Encumbrances;

(c)           any Lien on any property or asset of the Parent Borrower or any
Subsidiary existing on the Effective Date and set forth in Schedule 6.3;
provided that (i) such Lien shall not apply to any other property or asset of
the Parent Borrower or any Subsidiary (other than improvements, accessions,
proceeds, dividends or distributions in respect thereof and assets fixed or
appurtenant thereto) and (ii) such Lien shall secure only those obligations
which it secures on the Effective Date and extensions, renewals and replacements
thereof that do not increase the outstanding principal amount thereof;

(d)           any Lien existing on any property prior to the acquisition thereof
by the Parent Borrower or any Subsidiary or existing on any property of any
Person that becomes a Subsidiary after the date hereof prior to the time such
Person becomes a Subsidiary; provided that (i) such Lien is not created in
contemplation of or in connection with such acquisition or such Person becoming
a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other
property of the Parent Borrower or any Subsidiary (other than improvements,
accessions, proceeds, dividends or distributions in respect thereof and assets
fixed or appurtenant thereto) and (iii) such Lien shall secure only those
obligations which it secures on the date of such acquisition or the date such
Person becomes a Subsidiary, as the case may be, and extensions, renewals and
replacements thereof that do not increase the outstanding principal amount
thereof;

(e)           Liens on fixed or capital assets acquired, constructed or improved
by the Parent Borrower or any Subsidiary; provided that (i) such Liens secure
Indebtedness permitted by Section 6.2(g), (ii) such Liens and the Indebtedness
secured thereby (other than extensions, renewals and replacements) are Incurred
prior to or within 90 days after such acquisition or the completion of such
construction or improvement, (iii) the Indebtedness secured thereby does not
exceed 100% of the cost of acquiring, constructing or improving such fixed or
capital assets and (iv) such Liens shall not apply to any other property or
assets of the Parent Borrower or any Subsidiary (other than improvements,
accessions, proceeds, dividends or distributions in respect thereof and assets
fixed or appurtenant thereto);

(f)            Liens on the property or assets of a Person that becomes a
Subsidiary after the Effective Date securing Indebtedness permitted by Section
6.2(h);  provided that (i) such Liens existed at the time such Person became a
Subsidiary and were not created in contemplation t thereof, (ii) any such Lien
is not expanded to cover any property or assets of such Person after the time
such Person becomes a Subsidiary and (iii) any such Lien shall secure only those
obligations which it secures on the Effective Date and extensions, renewals and
replacements thereof that do not increase the outstanding principal amount
thereof;

(g)           Liens securing Indebtedness permitted by Section 6.2(i); provided
that, if any such Liens are on property that is not Collateral, then,
contemporaneously with the Incurrence of such Liens, effective provision is made
to secure the Obligations equally and ratably with the Indebtedness secured by
such Liens for so long as such Indebtedness is so secured;

(h)           Liens securing Indebtedness permitted by Section 6.2(j).

(i)            Liens on property of any Foreign Subsidiary or any other
Subsidiary that is not a Loan Party securing Indebtedness of such Subsidiary
permitted by Section 6.2(k);

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(j)            Liens on assets transferred to a Receivables Entity or other
Person in connection with a Qualified Receivables Transaction or on assets of a
Receivables Entity, in each case Incurred in connection with a Qualified
Receivables Transaction securing Indebtedness permitted by Section 6.2(m);

(k)           Liens securing Indebtedness expressly permitted to be secured by
Section 6.2(p); provided that the aggregate book value (determined as of the
date such Loan is incurred) of the assets subject thereto does not exceed (as to
the Parent Borrower and all Subsidiaries) $200,000,000 at any one time; and

(l)            Liens securing obligations or liabilities (other than
Indebtedness) in an amount not to exceed $50,000,000.

It is understood that Liens pursuant to Sections 6.3(d), (e), (f), (g), (h),
(i), (j) and (k) may be Incurred only to the extent the corresponding
Indebtedness is expressly permitted to be Incurred pursuant to Section 6.2.

SECTION 6.4.            FUNDAMENTAL CHANGES.

The Parent Borrower will not, and will not permit any Subsidiary to, merge into
or consolidate with any other Person, or permit any other Person to merge into
or consolidate with it, or liquidate or dissolve, except that, if at the time
thereof and immediately after giving effect thereto no Default or Event of
Default shall have occurred and be continuing;

(a)           any Person may merge into the Parent Borrower in a transaction in
which the Parent Borrower is the surviving corporation;

(b)           any Person may merge or consolidate with any Wholly Owned
Subsidiary Guarantor so long as the surviving entity is or becomes a Wholly
Owned Subsidiary Guarantor;

(c)           any Subsidiary may Dispose of its assets to the Parent Borrower or
any Wholly Owned Subsidiary Guarantor pursuant to a transaction of liquidation
or dissolution;

(d)           the Parent Borrower or any Subsidiary may Dispose of any
Subsidiary pursuant to a merger of such Subsidiary in a Disposition permitted by
Section 6.6;

(e)           any Foreign Subsidiary or other Subsidiary that is not a
Subsidiary Guarantor (x) may merge or consolidate with any other Person so long
as the surviving entity is a Subsidiary; provided that in the case of a merger
or consolidation involving a Foreign Subsidiary Borrower, the surviving entity
is a Borrower) or (y) Dispose of its assets to any other Subsidiary pursuant to
a transaction of liquidation or dissolution; and

(f)            the Parent Borrower may merge or consolidate into any other
Person so long as (i) the surviving entity assumes all the Obligations of the
Parent Borrower hereunder and under the other Loan Documents pursuant to a
written agreement satisfactory to the Administrative Agent, (ii) the surviving
entity is organized under the laws of a jurisdiction within the United States of
America, (iii) no Default or Event of Default shall have occurred and be
continuing, or would occur after giving effect to such merger, (iv) the Parent
Borrower shall be in compliance, on a pro forma basis after giving effect to
such merger or consolidation, as applicable, with the covenants contained in
Section 6.1, in each case recomputed as at the last day of the most recently
ended fiscal quarter of the Parent Borrower for which the relevant information
is

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available as if such merger or consolidation had occurred on the first day of
each relevant period for testing such compliance (as demonstrated in a
certificate of a Financial Officer delivered to the Administrative Agent at
least ten Business Days prior to such merger or consolidation) and (v) all
filings have been made under the UCC or otherwise that are required in order for
the Administrative Agent to continue at all times following such merger or
consolidation to have a valid, legal and perfected security interest in all the
Collateral to the same extent as prior to such merger or consolidation.

It is understood that no transaction pursuant to this Section 6.4 shall be
permitted unless any Investment or Disposition made in connection therewith is
also expressly permitted by Section 6.5 or Section 6.6, as applicable.

SECTION 6.5.            INVESTMENTS, LOANS, ADVANCES, GUARANTEES AND
ACQUISITIONS.

The Parent Borrower will not, and will not permit any of its Subsidiaries to,
purchase, hold or acquire (including pursuant to any merger with any Person that
was not a Wholly Owned Subsidiary prior to such merger) any Capital Stock of or
evidences of Indebtedness or other securities (including any option, warrant or
other right to acquire any of the foregoing) of, make or permit to exist any
loans or advances to, Guarantee any obligations of, or make or permit to exist
any investment or any other interest in, any other Person, or purchase or
otherwise acquire (in one transaction or a series of transactions) any assets of
any other Person constituting a business unit (collectively, “Investments”),
except:

(a)           Permitted Investments;

(b)           Investments existing on the Effective Date and set forth on
Schedule 6.5;

(c)           intercompany Investments made by the Parent Borrower and its
Subsidiaries in any Subsidiary (other than any Receivables Entity) that, prior
to such Investment, is a Subsidiary; provided that, after giving effect to any
such Investment made on a particular date, the aggregate amount of outstanding
Investments made pursuant to this proviso to this subsection (c) by Loan Parties
after the Effective Date in or with respect to Subsidiaries (other than any
Receivables Entity) that are not Wholly Owned Subsidiary Guarantors shall not
exceed an amount equal to 15% of the Total Consolidated Assets (it being
understood that the amount of any intercompany Investment made pursuant to this
paragraph (c) in exchange for the forgiveness of any Indebtedness owing to the
Person in which such Investment is made shall be determined net of the amount of
such Indebtedness forgiven);

(d)           loans and advances to employees of the Parent Borrower or any
Subsidiary in the ordinary course of business (including for travel,
entertainment and relocation expenses) in an aggregate amount for the Parent
Borrower and its Subsidiaries not to exceed $20,000,000 at any one time
outstanding;

(e)           Guarantees constituting Indebtedness permitted by Section 6.2;
provided that (i) a Subsidiary shall not Guarantee the Senior Notes, any
Subordinated Debt or any Other Permitted Debt unless (A) such Subsidiary also
has Guaranteed the Obligations pursuant to the Guarantee and Collateral
Agreement, (B) in the case of any Guarantee of Subordinated Debt, such Guarantee
of the Subordinated Debt is subordinated to such Guarantee of the Obligations on
terms no less favorable to the Lenders than the subordination provisions of the
Subordinated Debt and (C) such Guarantee provides for the release and
termination thereof, without action by any party, upon Disposition of the
relevant Subsidiary, (ii) the aggregate principal amount of Indebtedness of
Subsidiaries that are not Wholly Owned Subsidiary Guarantors that is Guaranteed
by any Loan

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Party shall be subject to the limitation set forth in paragraph (c) above and
(iii) a Subsidiary shall not Guarantee the Indebtedness of any Loan Party unless
such Subsidiary has also Guaranteed the Obligations pursuant to the Guarantee
and Collateral Agreement;

(f)            Permitted Acquisitions (including any related Investment in any
Subsidiary in order to provide all or any portion of (but not more than) the
Consideration for such Permitted Acquisition);

(g)           Guarantees by the Parent Borrower and any of its Subsidiaries of
any Contractual Obligations (not constituting Indebtedness) of the Parent
Borrower or any Subsidiary;

(h)           intercompany Investments in any Wholly Owned Subsidiary created by
the Parent Borrower or any of its Subsidiaries in connection with any corporate
restructuring; provided that (i) such newly-created Subsidiary is, or
contemporaneously with the consummation of such restructuring becomes, a Wholly
Owned Subsidiary Guarantor, (ii) all property transferred to such newly-created
Subsidiary that constituted Collateral shall continue to constitute Collateral
as to which the Administrative Agent has a first priority perfected security
interest, subject to Permitted Encumbrances, and (iii) contemporaneously with
the consummation of such restructuring (A) the Capital Stock (and, after the
occurrence of the Ratings Event, the assets) of such newly-created Subsidiary
are pledged under the relevant Security Documents (except to the extent that any
of the foregoing would not otherwise be required pursuant to Section 5.11 to be
so pledged on the next succeeding Collateral Date) and (B) the Parent Borrower
takes, and causes the relevant Subsidiary to take, such actions as shall be
necessary or reasonably requested by the Administrative Agent to grant and
perfect such Liens, including actions described in Section 5.12, all at the
expense of the Loan Parties;

(i)            Investments in the Emerson JV as at the Effective Date and
additional Investments in the Emerson JV in an aggregate amount from the
Effective Date through and including the date of such Investment not to exceed
$75,000,000;

(j)            Investments financed with Capital Stock of the Parent Borrower
(or the net proceeds of the issuance of Capital Stock of the Parent Borrower);
provided that (i) the Parent Borrower shall be in compliance, on a pro forma
basis after giving effect to such Investment, with the covenants contained in
Section 6.1, in each case recomputed as at the last day of the most recently
ended fiscal quarter of the Parent Borrower for which the relevant information
is available as if such Investment had occurred on the first day of each
relevant period for testing such compliance (as demonstrated, in the case of any
Investment for which the aggregate cost is greater than or equal to
$100,000,000, in a certificate of a Financial Officer delivered to the
Administrative Agent prior to the consummation of such Investment) and (ii) no
Default or Event of Default shall occur after giving effect to such Investment;

(k)           Investments comprised of capital contributions (whether in the
form of cash, a note or other assets) to a Receivables Entity or otherwise
resulting from transfers of assets permitted by Section 6.6(c);

(l)            Investments comprised of non-cash consideration received by the
Parent Borrower or any Subsidiary in connection with any Disposition permitted
by Section 6.6(d) or (e); provided that such non-cash consideration received in
connection with any Disposition permitted by Section 6.6(d) or (e) either (i)
constitutes not more than 25% of the aggregate consideration received in
connection with such Disposition or (ii) is comprised of securities, notes

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or other obligations that are converted, sold or exchanged within 90 days of
receipt thereof by the Parent Borrower or such Subsidiary into cash;

(m)          (i) Guarantees by the Parent Borrower and any of its Subsidiaries
of the Chinese Loan Facility permitted by Section 6.2(o) and (ii) Guarantees in
the form of Foreign Credit Instruments or Joint Signature Foreign Credit
Instruments caused to be issued by the Parent Borrower or any Foreign Subsidiary
Borrower pursuant to Section 2.6 to support the Indebtedness of SPX Corporation
(China) Co., Ltd. or any other Chinese Subsidiary permitted by Section 6.2(q);
and

(n)            other Investments, so long as, after giving effect to any such
Investment, the aggregate amount of Investments made pursuant to this paragraph
(n) at any one time outstanding shall not exceed $500,000,000.

The outstanding amount of any Investment shall be equal to the sum of (x) the
original cost of such Investment, plus (y) the cost of all additions thereto,
minus (z) any cash proceeds from the disposition of or other cash distributions
on such Investment, without any adjustments for increases or decreases in value
or write-ups, write-downs or write-offs with respect to such Investment;
provided that the amount of any Investment shall not be less than zero.

SECTION 6.6.            DISPOSITION OF ASSETS.

The Parent Borrower will not, and will not permit any of its Subsidiaries to,
Dispose of any asset, including any Capital Stock owned by it (other than
Capital Stock of the Parent Borrower held in treasury by the Parent Borrower),
nor will the Parent Borrower permit any of it Subsidiaries to issue any
additional Capital Stock of such Subsidiary, except:

(a)           (i) sales of inventory, obsolete or worn out equipment and
Permitted Investments and (ii) leases or licenses of real or personal property,
in each case in the ordinary course of business;

(b)           Dispositions to the Parent Borrower or a Subsidiary; provided that
any such Dispositions by a Loan Party to a Subsidiary that is not a Loan Party
shall be made in compliance with Section 6.5;

(c)           sales of Receivables and related assets or an interest therein of
the type specified in the definition of “Qualified Receivables Transaction”
pursuant to a Qualified Receivables Transaction; provided that (i) each such
transaction shall be a Qualified Receivables Transaction, as agreed by the
Administrative Agent acting reasonably, and (ii) the aggregate amount of
Receivables Transaction Attributed Indebtedness at any time outstanding in
respect of all such Qualified Receivables Transactions shall not exceed
$300,000,000;

(d)           Dispositions of assets that are not permitted by any other
paragraph of this Section; provided that (i) the aggregate gross proceeds
(including any non-cash proceeds, determined on the basis of face amount in the
case of notes or similar consideration and on the basis of fair market value in
the case of other non-cash proceeds) of all assets Disposed of in reliance upon
this paragraph (d) shall not exceed, 15% of the Total Consolidated Assets in any
fiscal year of the Parent Borrower and (ii) all Dispositions permitted by this
paragraph (d) shall be made for fair value and for at least 75% cash
consideration; and

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(e)           Dispositions by the Parent Borrower of all or any portion of its
interest in the Emerson JV.

For purposes of paragraph (d) of this Section 6.6,

(i)            the following will be deemed to be cash:

(A)          the assumption by the transferee of Indebtedness (other than
subordinated Indebtedness or preferred stock) of the Parent Borrower or of any
Subsidiary (in which case, the Parent or such Subsidiary will, without further
action, be deemed to have applied such deemed cash to Indebtedness in accordance
with clause (b)(ii) of the definition of “Net Proceeds”; provided that the
amount of assumed Indebtedness that is deemed to be cash shall not exceed
$200,000,000 in the aggregate from and after the Effective Date;

(B)           securities, notes or other obligations received by the Parent
Borrower or any Subsidiary from the transferee that are converted, sold or
exchanged within 90 days of receipt thereof by the Parent Borrower or such
Subsidiary into cash (to the extent of the cash received in such conversion,
sale or exchange); and

(C)           in the case of any particular Disposition, promissory notes
received by the Parent Borrower or any Subsidiary from the transferee having an
aggregate principal amount not to exceed $10,000,000; and

(ii)           in the case of a Disposition consisting of an Asset Swap, the
Parent Borrower or such Subsidiary shall only be required to receive cash in an
amount equal to at least 75% of the proceeds of such Disposition which are not
part of the Asset Swap, provided that at the time of such Asset Swap, after
giving effect thereto, the aggregate fair value (as determined at the time of
such related Asset Swap and not subject to later revaluation) of the assets of
the Parent Borrower and its Subsidiaries that are the subject of all such Asset
Swaps from and after the Effective Date shall not exceed an amount equal to 15%
of the Total Consolidated Assets.

SECTION 6.7.            SALE AND LEASEBACK TRANSACTIONS.

The Parent Borrower will not, and will not permit any Subsidiary to, enter into
any arrangement (each, a “Sale/Leaseback Transaction”) providing for the leasing
to the Parent Borrower or any Subsidiary of real or personal property that has
been or is to be (a) sold or transferred by the Parent Borrower or any
Subsidiary or (b) constructed or acquired by a third party in anticipation of a
program of leasing to the Parent Borrower or any Subsidiary, in each case unless
the Attributable Debt resulting therefrom is permitted by Section 6.2(d) or
Section 6.2(g).

SECTION 6.8.            RESTRICTED PAYMENTS.

The Parent Borrower will not, and will not permit any Subsidiary to, declare or
make, or agree to pay or make, directly or indirectly, any Restricted Payment,
or Incur any obligation (contingent or otherwise) to do so, except:

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(a)           the Parent Borrower may (i) declare and pay dividends with respect
to its Capital Stock payable solely in shares of its Capital Stock or (ii) make
other distributions or payments payable solely in shares of its Capital Stock;

(b)           any Wholly Owned Subsidiary may declare and pay Restricted
Payments to its immediate parent;

(c)           any non-Wholly Owned Subsidiary may declare and pay Restricted
Payments ratably with respect to its Capital Stock;

(d)           the Parent Borrower may make Restricted Payments, not exceeding
$10,000,000 during any fiscal year, pursuant to and in accordance with stock
option plans or other benefit plans or contracts for management or employees of
the Parent Borrower and its Subsidiaries;

(e)           the Parent Borrower may repurchase its Capital Stock and may
declare and pay cash dividends to the holders of its Capital Stock; provided
that if the Consolidated Leverage Ratio, on a pro forma basis immediately after
giving effect to such repurchase or dividend declaration (with the reference
period for Consolidated EBITDA being the most recent period of four consecutive
fiscal quarters for which the relevant financial information has been delivered
pursuant to Section 5.1(a) or (b) and with Consolidated Total Debt being
calculated without netting cash and cash equivalents), as applicable, is

(i)            greater than or equal to 2.50 to 1.00, the aggregate amount of
such repurchases and dividend declarations pursuant to this Section 6.8(e)(i)
shall not exceed (A) $100,000,000 in any fiscal year plus (B) an additional
amount for all such repurchases and dividend declarations made after the
Effective Date that is equal to the sum of (I) $300,000,000 and (II) a positive
amount equal to 50% of cumulative Consolidated Net Income during the period from
July 1, 2007 to the end of the most recent fiscal quarter for which financial
information is available preceding the date of such repurchase or dividend
declaration (or, in case such Consolidated Net Income is a deficit, minus 100%
of such deficit), and

(ii)           less than 2.50 to 1.00, the aggregate amount of such repurchases
and dividend declarations pursuant to this Section 6.8(e)(ii) shall be
unlimited; and

provided further that any such cash dividends shall be paid within 60 days after
the date of declaration thereof; and

(f)            the Parent Borrower or any Subsidiary may make Restricted
Payments to the extent required by the terms of its joint venture or similar
agreements relating to non-Wholly Owned Subsidiaries; provided that no such
Restricted Payment shall be permitted by this clause (f) unless any Investment
made in connection therewith is also expressly permitted by Section 6.5.

SECTION 6.9.            PAYMENTS OF CERTAIN INDEBTEDNESS; CERTAIN DERIVATIVE
TRANSACTIONS.

The Parent Borrower will not, nor will it permit any Subsidiary to:

(a)           make or agree or offer to pay or make, directly or indirectly, any
payment or other distribution (whether in cash, securities or other property) of
or in respect of principal of or interest on any Subordinated Debt, or any
payment or other distribution (whether in cash,

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securities or other property), including any sinking fund or similar deposit, on
account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any Subordinated Debt, except (i) extensions, renewals,
replacements or exchanges of any Subordinated Debt permitted by Section 6.2(b),
(ii) the payment of regularly scheduled interest and principal payments as and
when due in respect of any Subordinated Debt and (iii) any purchase or other
acquisition of any Subordinated Debt (A) made in consideration for (or with the
proceeds of) the issuance of common stock of the Parent Borrower or (B) if the
Consolidated Leverage Ratio for the most recent period of four consecutive
fiscal quarters for which financial statements have been delivered pursuant to
Section 5.1(a) or (b) is less than 2.50 to 1.00, other than, in each of clauses
(ii) and (iii), any such payments, purchases or other acquisitions of the
Subordinated Debt prohibited by the subordination provisions thereof; or

(b)           enter into any derivative transaction or similar transaction
obligating the Parent Borrower or any of its Subsidiaries to make payments to
any other Person as a result of a change in market value of any Subordinated
Debt.

SECTION 6.10.          TRANSACTIONS WITH AFFILIATES.

The Parent Borrower will not, and will not permit any Subsidiary to, sell, lease
or otherwise transfer any property or assets to, or purchase, lease or otherwise
acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, except:

(a)           transactions that are at prices and on terms and conditions, taken
as a whole, not less favorable to the Parent Borrower or such Subsidiary than
could be obtained on an arm’s-length basis from unrelated third parties;

(b)           transactions between or among the Parent Borrower and the
Subsidiaries (other than a Receivables Entity) not involving any other
Affiliate;

(c)           any Restricted Payment permitted by Section 6.8;

(d)           any Qualified Receivables Transaction expressly permitted by
Section 6.6(c); and

(e)           any other transaction expressly permitted by Section 6.5.

SECTION 6.11.          RESTRICTIVE AGREEMENTS.

The Parent Borrower will not, and will not permit any Foreign Subsidiary
Borrower or any Wholly Owned Subsidiary Guarantor to enter into, Incur or permit
to exist any agreement or other arrangement that prohibits, restricts or imposes
any condition upon (a) the ability of the Parent Borrower or any Subsidiary to
create, Incur or permit to exist any Lien upon any of its property, (b) the
ability of any Subsidiary to pay dividends or other distributions with respect
to any shares of its capital stock or to make or repay loans or advances to the
Parent Borrower or any other Subsidiary or to Guarantee Indebtedness of the
Parent Borrower or any other Subsidiary or (c) the ability of any Subsidiary to
transfer any of its assets to the Parent Borrower or any other Subsidiary;
provided that:

(i)            the foregoing shall not apply to restrictions and conditions
imposed by law, Permitted Encumbrances, any Loan Document, the Senior Note
Indenture, any Subordinated Debt Document or any Other Permitted Debt Document;
provided that such restrictions and conditions shall not restrict any Loan Party
from complying with the requirements of Section 5.11(b) (without giving effect
to clause (i)(C) thereof);

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(ii)           the foregoing shall not apply to restrictions and conditions
existing on the Effective Date identified on Schedule 6.11 (but shall apply to
any amendment or modification expanding the scope of any such restriction or
condition);

(iii)          the foregoing shall not apply to restrictions and conditions
contained in agreements relating to the sale of a Subsidiary or assets pending
such sale; provided such restrictions and conditions apply only to the
Subsidiary that is (or the assets that are) to be sold and such sale is
permitted hereunder;

(iv)          the foregoing shall not apply to restrictions or conditions
imposed by any agreement relating to a Qualified Receivables Transaction
permitted by this Agreement if such restrictions or conditions apply only to the
relevant Receivables Entity;

(v)           clauses (a) and (c) above shall not apply to restrictions and
conditions contained in documentation relating to a Subsidiary acquired in a
Permitted Acquisition; provided that such restriction or condition (x) existed
at the time such Person became a Subsidiary, (y) was not created in
contemplation of or in connection with such Person becoming a Subsidiary and (z)
applies only to such Subsidiary;

(vi)          the foregoing shall not apply to restrictions or conditions
imposed by any agreement relating to (A) secured Indebtedness permitted by this
Agreement if such restrictions or conditions apply only to the property or
assets securing such Indebtedness or (B) Indebtedness of a Foreign Subsidiary
that is not a Loan Party permitted by this Agreement if such restrictions or
conditions apply only to such Foreign Subsidiary and its Subsidiaries that are
not Loan Parties;

(vii)         clauses (a) and (c) above shall not apply to customary provisions
in leases and other contracts restricting the assignment thereof; and

(viii)        the foregoing shall not apply to customary provisions in purchase
money obligations for property acquired in the ordinary course of business,
Capital Leases Obligations, industrial revenue bonds or operating leases that
impose encumbrances or restrictions on the property so acquired or covered
thereby, restrictions on cash or other deposits or net worth required by
customers under contracts entered into in the ordinary course of business and
joint venture agreements or other similar arrangements if such provisions apply
only to the Person (and the equity interests in such Person) that is the subject
thereof.

SECTION 6.12.          AMENDMENT OF MATERIAL DOCUMENTS, ETC.

The Parent Borrower will not, and will not permit any Subsidiary to, (a) amend,
modify, supplement or waive in any respect that is material and adverse to the
Lenders any of its rights under any Subordinated Debt Document (it being
understood, however, that any amendment to provide Guarantees in respect of any
Subordinated Debt, which Guarantees are permitted by this Agreement, would not
constitute such an amendment) or (b) designate any Indebtedness (other than
obligations of the Loan Parties pursuant to the Loan Documents) as “Designated
Senior Indebtedness” (or any comparable concept) that controls payment blockages
for the purposes of any Subordinated Debt Documents.

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ARTICLE VII

EVENTS OF DEFAULT

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

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

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

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

(d)           the Parent Borrower shall fail to observe or perform any covenant,
condition or agreement contained in Section 5.2, 5.4 (with respect to the
existence of any Borrower) or 5.10 or in Article VI;

(e)           any Loan Party shall fail to observe or perform any covenant,
condition or agreement contained in any Loan Document (other than those
specified in paragraph (a), (b) or (d) of this Article), and such failure shall
continue unremedied for a period of 30 days after notice thereof to the Parent
Borrower from the Administrative Agent or the Required Lenders;

(f)            the Parent Borrower or any Subsidiary shall fail to make any
payment (whether of principal or interest and regardless of amount) in respect
of any Material Indebtedness, after the passage of any cure period provided in
such Indebtedness;

(g)           (i) any event or condition occurs that results in any Material
Indebtedness becoming due prior to its scheduled maturity or that enables or
permits (with the giving of notice, if required) the holder or holders of any
Material Indebtedness or any trustee or agent on its or their behalf to cause
any Material Indebtedness to become due, or to require the prepayment,
repurchase, redemption or defeasance thereof, prior to its scheduled maturity
(including, in any event, an “Event of Default” under and as defined in the
Senior Note Indenture, any Subordinated Debt Documents or any Other Permitted
Debt Documents) but excluding, in any event, after the Term Loans have been paid
in full, any mandatory repurchases of the Senior Notes (and any other
Indebtedness that ranks pari passu in right of payment to the Obligations) made
in accordance with the Senior Note Indenture or any Other Permitted Debt
Document with “Excess Proceeds” from any “Asset Disposition” pursuant to a
required “Asset Disposition Offer” (as each such term was defined in the Senior
Note Indenture when the Senior Notes were initially issued) (or any comparable
concept in any Other Permitted Debt Document), or (ii) any event or condition
occurs that results in (A) an automatic termination, wind-down or comparable
event with respect to any Qualified Receivables Transaction or (B) permits a
notice of termination, a notice of wind-down, a

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notice of acceleration or any comparable notice to be given under any such
Qualified Receivables Transaction prior to the scheduled termination, wind-down,
maturity or comparable event; provided that an event or condition described in
clause (ii) of this paragraph (g) shall not at any time constitute an Event of
Default unless, at such time, one or more events or conditions of the type
described in clauses (i) and (ii) of this paragraph (g) shall have occurred and
be continuing with respect to Indebtedness, obligations in respect of Hedging
Agreements and/or Qualified Receivables Transactions in an aggregate outstanding
amount exceeding $75,000,000;

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

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

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

(k)           one or more judgments for the payment of money in an aggregate
amount in excess of $50,000,000 shall be rendered against the Parent Borrower,
any Subsidiary or any combination thereof and the same shall remain undischarged
for a period of 60 consecutive days during which execution shall not be
effectively stayed, or any action shall be legally taken by a judgment creditor
to attach or levy upon any assets of the Parent Borrower or any Subsidiary to
enforce any such judgment;

(l)            an ERISA Event shall have occurred that, in the opinion of the
Required Lenders, when taken together with all other ERISA Events that have
occurred, could reasonably be expected to have a Material Adverse Effect;

(m)          the guarantee contained in Section 2 of the Guarantee and
Collateral Agreement shall cease, for any reason, to be in full force and effect
or any Loan Party or any Affiliate of any Loan Party shall so assert;

(n)           any Lien purported to be created under any Security Document shall
cease to be, or shall be asserted by any Loan Party or any Affiliate of any Loan
Party not to be, a valid and perfected Lien on any Collateral (other than
immaterial Collateral), with the priority required by the applicable Security
Document;

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(o)           the Subordinated Debt or any Guarantees thereof shall cease, for
any reason, to be validly subordinated to the Obligations or the obligations of
the Subsidiary Guarantors under the Guarantee and Collateral Agreement, as the
case may be, as provided in the Subordinated Debt Documents, or any Loan Party,
any Affiliate of any Loan Party, the trustee in respect of the Subordinated Debt
or the holders of at least 25% in aggregate principal amount of the Subordinated
Debt shall so assert; or

(p)           a Change of Control shall occur;

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

ARTICLE VIII

THE AGENTS

SECTION 8.1.            APPOINTMENT AND AUTHORITY.

(a)           Each of the Lenders and the Issuing Lenders hereby irrevocably
appoints Bank of America to act on its behalf as the Administrative Agent
hereunder and under the other Loan Documents and authorizes the Administrative
Agent to take such actions on its behalf and to exercise such powers as are
delegated to the Administrative Agent by the terms hereof or thereof, together
with such actions and powers as are reasonably incidental thereto.

(b)           Each of the Lenders and the Foreign Issuing Lenders hereby
irrevocably appoints Deutsche Bank to act on its behalf as the Foreign Trade
Facility Agent hereunder and under the other Loan Documents and authorizes the
Foreign Trade Facility Agent to take such actions on its behalf and to exercise
such powers as are delegated to Foreign Trade Facility Agent by the terms hereof
or thereof, together with such actions and powers as are reasonably incidental
thereto.

(c)           The provisions of this Article are solely for the benefit of the
Agents, the Lenders and the Issuing Lenders, and neither the Parent Borrower nor
any other Loan Party shall have rights as a third party beneficiary of any of
such provisions.

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SECTION 8.2.            RIGHTS AS A LENDER.

(a)           The Person serving as the Administrative 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 the Administrative Agent and the
term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless
the context otherwise requires, include the Person serving as the Administrative
Agent hereunder in its individual capacity.  Such Person and its Affiliates may
accept deposits from, lend money to, act as the financial advisor or in any
other advisory capacity for and generally engage in any kind of business with
the Parent Borrower or any Subsidiary or other Affiliate thereof as if such
Person were not the Administrative Agent hereunder and without any duty to
account therefor to the Lenders.

(b)           The Person serving as the Foreign Trade Facility 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 the Foreign Trade
Facility Agent and the term “Lender” or “Lenders” shall, unless otherwise
expressly indicated or unless the context otherwise requires, include the Person
serving as the Foreign Trade Facility Agent hereunder in its individual
capacity.  Such Person and its Affiliates may accept deposits from, lend money
to, act as the financial advisor or in any other advisory capacity for and
generally engage in any kind of business with the Parent Borrower or any
Subsidiary or other Affiliate thereof as if such Person were not the Foreign
Trade Facility Agent hereunder and without any duty to account therefor to the
Lenders.

SECTION 8.3.            EXCULPATORY PROVISIONS.

Neither the Administrative Agent nor the Foreign Trade Facility Agent shall have
any duties or obligations except those expressly set forth herein and in the
other Loan Documents.  Without limiting the generality of the foregoing, neither
the Administrative Agent nor the Foreign Trade Facility Agent:

(a)           shall be subject to any fiduciary or other implied duties,
regardless of whether a Default has occurred and is continuing;

(b)           shall have any duty to take any discretionary action or exercise
any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that the Administrative Agent
or the Foreign Trade Facility Agent, as applicable, is required to exercise as
directed in writing by the Required Lenders (or such other number or percentage
of the Lenders as shall be expressly provided for herein or in the other Loan
Documents); provided that neither the Administrative Agent nor the Foreign Trade
Facility Agent shall be required to take any action that, in its opinion or the
opinion of its counsel, may expose the applicable Agent to liability or that is
contrary to any Loan Document or applicable law; and

(c)           shall, except as expressly set forth herein and in the other Loan
Documents, have any duty to disclose, and shall not be liable for the failure to
disclose, any information relating to the Parent Borrower or any of its
Affiliates that is communicated to or obtained by the Person serving as the
applicable Agent or any of its Affiliates in any capacity.

Neither the Administrative Agent nor the Foreign Trade Facility Agent shall be
liable for any action taken or not taken by it (i) with the consent or at the
request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary, or as such Agent shall believe in good faith
shall be necessary, under the circumstances as provided in Section 9.2) or (ii)
in the absence of its own gross negligence or willful misconduct.  The Agents
shall be deemed not to have knowledge of any Default unless and until written
notice thereof is given to the Agents by the Parent Borrower or a Lender.

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The Agents shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with
this Agreement or any other Loan Document, (ii) the contents of any certificate,
report or other document delivered hereunder or thereunder or in connection
herewith or therewith, (iii) the performance or observance of any of the
covenants, agreements or other terms or conditions set forth herein or therein
or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any
other agreement, instrument or document or (v) the satisfaction of any condition
set forth in Article IV or elsewhere herein, other than to confirm receipt of
items expressly required to be delivered to the applicable Agent.

SECTION 8.4.            RELIANCE BY THE AGENTS.

(a)           The Administrative Agent shall be entitled to rely upon, and shall
not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any
electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person.  The Administrative Agent also may rely upon
any statement made to it orally or by telephone and believed by it to have been
made by the proper Person, and shall not incur any liability for relying
thereon.  In determining compliance with any condition hereunder to the making
of a Loan, or the issuance, amendment, renewal or extension of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of a Lender or
any Issuing Lender, the Administrative Agent may presume that such condition is
satisfactory to such Lender or any Issuing Lender unless the Administrative
Agent shall have received notice to the contrary from such Lender or such
Issuing Lender prior to the making of such Loan or the issuance of such Letter
of Credit.  The Administrative Agent may consult with legal counsel (who may be
counsel for the Loan Parties), independent accountants and other experts
selected by it, and shall not be liable for any action taken or not taken by it
in accordance with the advice of any such counsel, accountants or experts.

(b)           The Foreign Trade Facility Agent shall be entitled to rely upon,
and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing
(including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or
otherwise authenticated by the proper Person.  The Foreign Trade Facility Agent
also may rely upon any statement made to it orally or by telephone and believed
by it to have been made by the proper Person, and shall not incur any liability
for relying thereon.  In determining compliance with any condition hereunder to
the issuance, amendment, renewal or extension of any Foreign Credit Instrument,
that by its terms must be fulfilled to the satisfaction of a Lender or any
Foreign Issuing Lender, the Foreign Trade Facility Agent may presume that such
condition is satisfactory to such Lender or any Foreign Issuing Lender unless
the Foreign Trade Facility Agent shall have received notice to the contrary from
such Lender or such Foreign Issuing Lender prior to the issuance of such Foreign
Credit Instrument.  The Foreign Trade Facility Agent may consult with legal
counsel (who may be counsel for the Loan Parties), independent accountants and
other experts selected by it, and shall not be liable for any action taken or
not taken by it in accordance with the advice of any such counsel, accountants
or experts.

SECTION 8.5.            DELEGATION OF DUTIES.

(a)           The Administrative Agent may perform any and all of its duties and
exercise its rights and powers hereunder or under any other Loan Document by or
through any one or more sub-agents appointed by the Administrative Agent.  The
Administrative Agent and any such sub-agent may perform any and all of its
duties and exercise its rights and powers by or through their respective Related
Parties.

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The exculpatory provisions of this Article shall apply to any such sub-agent and
to the Related Parties of the Administrative Agent and any such sub-agent, and
shall apply to their respective activities in connection with the syndication of
the credit facilities provided for herein as well as activities as
Administrative Agent.

(b)           The Foreign Trade Facility Agent may perform any and all of its
duties and exercise its rights and powers hereunder or under any other Loan
Document by or through any one or more sub-agents appointed by the Foreign Trade
Facility Agent.  The Foreign Trade Facility Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or
through their respective Related Parties.  The exculpatory provisions of this
Article shall apply to any such sub-agent and to the Related Parties of the
Foreign Trade Facility Agent and any such sub-agent, and shall apply to their
respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as Foreign Trade Facility
Agent.

SECTION 8.6.            RESIGNATION OF AGENTS.

(a)           Resignation of Administrative Agent.  (i) The Administrative Agent
may at any time give notice of its resignation to the Foreign Trade Facility
Agent, the Lenders, the Issuing Lenders and the Parent Borrower.  Upon receipt
of any such notice of resignation, the Required Lenders shall have the right,
subject to the consent of the Parent Borrower (such consent not to be
unreasonably withheld), to appoint a successor, which shall be a bank with an
office in the United States, or an Affiliate of any such bank with an office in
the United States.  If no such successor shall have been so appointed by the
Required Lenders and shall have accepted such appointment within 30 days after
the retiring Administrative Agent gives notice of its resignation, then the
retiring Administrative Agent may on behalf of the Lenders and the Issuing
Lenders, appoint a successor Administrative Agent meeting the qualifications set
forth above; provided that if the Administrative Agent shall notify the Parent
Borrower and the Lenders that no qualifying Person has accepted such
appointment, then such resignation shall nonetheless become effective in
accordance with such notice and (1) the retiring Administrative Agent shall be
discharged from its duties and obligations hereunder and under the other Loan
Documents and (2) all payments, communications and determinations provided to be
made by, to or through the Administrative Agent shall instead be made by or to
each Lender and the Issuing Lenders directly, until such time as the Required
Lenders appoint a successor Administrative Agent as provided for above in this
Section.  Upon the acceptance of a successor’s appointment as Administrative
Agent hereunder, such successor shall succeed to and become vested with all of
the rights, powers, privileges and duties of the retiring (or retired)
Administrative Agent, and the retiring Administrative Agent shall be discharged
from all of its duties and obligations hereunder or under the other Loan
Documents (if not already discharged therefrom as provided above in this
Section).  The fees payable by the Parent Borrower to a successor Administrative
Agent shall be the same as those payable to its predecessor unless otherwise
agreed between the Parent Borrower and such successor.  After the retiring
Administrative Agent’s resignation hereunder and under the other Loan Documents,
the provisions of this Article and Section 9.3 shall continue in effect for the
benefit of such retiring Administrative 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 the retiring Administrative Agent was acting as
Administrative Agent.

(ii)           Any resignation by Bank of America as Administrative Agent
pursuant to this Section shall also constitute its resignation as Issuing Lender
and Swingline Lender.  Upon the acceptance of a successor’s appointment as
Administrative Agent hereunder, (A) such successor shall succeed to and become
vested with all of the rights, powers, privileges and duties of the retiring
Issuing Lender and Swingline Lender, (B) the retiring Issuing Lender and
Swingline Lender shall be discharged from all of their respective duties and
obligations hereunder or under the other Loan Documents, and (C) the successor
Issuing Lender shall issue letters of credit in substitution for the Letters of
Credit, if any,

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outstanding at the time of such succession or make other arrangements
satisfactory to the retiring Issuing Lender to effectively assume the
obligations of the retiring Issuing Lender with respect to such Letters of
Credit.

(b)           Resignation of Foreign Trade Facility Agent.  The Foreign Trade
Facility Agent may at any time give notice of its resignation to the
Administrative Agent, the Foreign Issuing Lenders, the Lenders with Foreign
Credit Commitments and the Parent Borrower.  Upon receipt of any such notice of
resignation, the Foreign Issuing Lenders and the Lenders with Foreign Credit
Commitments shall have the right, subject to the consent of the Parent Borrower
(such consent not to be unreasonably withheld), to appoint a successor.  If no
such successor shall have been so appointed by the Foreign Issuing Lenders and
the Lenders with Foreign Credit Commitments and shall have accepted such
appointment within 30 days after the retiring Foreign Trade Facility Agent gives
notice of its resignation, then the retiring Foreign Trade Facility Agent may on
behalf of the Foreign Issuing Lenders and the Lenders with Foreign Credit
Commitments, appoint a successor Foreign Trade Facility Agent meeting the
qualifications set forth above; provided that if the Foreign Trade Facility
Agent shall notify the Parent Borrower and the Lenders that no qualifying Person
has accepted such appointment, then such resignation shall nonetheless become
effective in accordance with such notice and (1) the retiring Foreign Trade
Facility Agent shall be discharged from its duties and obligations hereunder and
under the other Loan Documents and (2) all payments, communications and
determinations provided to be made by, to or through the Foreign Trade Facility
Agent shall instead be made by or to each Foreign Issuing Lender and each Lender
with a Foreign Credit Commitment and the Issuing Lenders directly, until such
time as the Foreign Issuing Lenders and the Lenders with Foreign Credit
Commitments appoint a successor Foreign Trade Facility Agent as provided for
above in this Section.  Upon the acceptance of a successor’s appointment as
Foreign Trade Facility Agent hereunder, such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the
retiring (or retired) Foreign Trade Facility Agent, and the retiring Foreign
Trade Facility Agent shall be discharged from all of its duties and obligations
hereunder or under the other Loan Documents (if not already discharged therefrom
as provided above in this Section).  The fees payable by the Parent Borrower to
a successor Foreign Trade Facility Agent shall be the same as those payable to
its predecessor unless otherwise agreed between the Parent Borrower and such
successor.  After the retiring Foreign Trade Facility Agent’s resignation
hereunder and under the other Loan Documents, the provisions of this Article and
Section 9.3 shall continue in effect for the benefit of such retiring Foreign
Trade Facility 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 the
retiring Foreign Trade Facility Agent was acting as Foreign Trade Facility
Agent.

SECTION 8.7.            NON-RELIANCE ON AGENTS AND OTHER LENDERS.

Each Lender, each Foreign Issuing Lender and each Issuing Lender acknowledges
that it has, independently and without reliance upon any Agent or any other
Lender or any of their Related Parties 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, each Foreign Issuing Lender
and each Issuing Lender also acknowledges that it will, independently and
without reliance upon any Agent or any other Lender or any of their respective
affiliates 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, any other Loan Document or any
related agreement or any document furnished hereunder or thereunder.

SECTION 8.8.            NO OTHER DUTIES; ETC.

Anything herein to the contrary notwithstanding, none of the bookrunners,
arrangers, syndication agents, documentation agents or co-agents shall have any
powers, duties or responsibilities under this

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Agreement or any of the other Loan Documents, except in its capacity, as
applicable, as the Administrative Agent, the Foreign Trade Facility Agent, a
Lender, an Issuing Lender or a Foreign Issuing Lender hereunder.

SECTION 8.9.            ADMINISTRATIVE AGENT MAY FILE PROOFS OF CLAIM.

In case of the pendency of any proceeding under the Bankruptcy Code of the
United States or any other judicial proceeding relative to any Loan Party, the
Administrative Agent (irrespective of whether the principal of any Loan, Foreign
Trade Exposure or LC Exposure shall then be due and payable as herein expressed
or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Parent Borrower) shall be entitled and
empowered, by intervention in such proceeding or otherwise:

(a)           to file and prove a claim for the whole amount of the principal
and interest owing and unpaid in respect of the Loans, Foreign Trade Exposure,
LC Exposure and all other Obligations (other than obligations under Hedging
Agreements or Specified Cash Management Agreements to which the Administrative
Agent is not a party) that are owing and unpaid and to file such other documents
as may be necessary or advisable in order to have the claims of the Lenders, the
Foreign Issuing Lenders, the Issuing Lenders and the Agents (including any claim
for the reasonable compensation, expenses, disbursements and advances of the
Lenders, the Foreign Issuing Lenders, the Issuing Lenders and the Agents and
their respective agents and counsel and all other amounts due the Lenders, the
Issuing Lenders and the Administrative Agent under Sections 2.4(i) and (j), 2.10
and 9.3) allowed in such judicial proceeding; and

(b)           to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by
each Lender, each Agent, each Foreign Issuing Lender and each Issuing Lender to
make such payments to the Administrative Agent and, in the event that the
Administrative Agent shall consent to the making of such payments directly to
the Lenders, the Foreign Issuing Lenders and the Issuing Lenders, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses,
disbursements and advances of the Administrative Agent and its agents and
counsel, and any other amounts due the Administrative Agent under Sections 2.10
and 9.3.

Nothing contained herein shall be deemed to authorize the Administrative Agent
to authorize or consent to or accept or adopt on behalf of the Foreign Trade
Facility Agent, any Lender, any Issuing Lender or any Foreign Issuing Lender any
plan of reorganization, arrangement, adjustment or composition affecting the
Obligations or the rights of any Lender or to authorize the Administrative Agent
to vote in respect of the claim of any Lender in any such proceeding.

SECTION 8.10.          COLLATERAL AND GUARANTY MATTERS.

The Lenders, the Issuing Lenders, the Foreign Issuing Lenders and the Foreign
Trade Facility Agent irrevocably authorize the Administrative Agent, at its
option and in its discretion,

(a)           to release any Lien on any Collateral granted to or held by the
Administrative Agent under any Loan Document (i) upon termination of the
Domestic Revolving Commitments, the Global Revolving Commitments, the Foreign
Credit Commitments and the Foreign Credit Instrument Issuing Commitments and
payment in full of all Obligations (other than contingent indemnification
obligations) and the expiration (without any pending drawing) or termination (or

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cash collateralization or provision of other credit support as contemplated by
this Agreement) of all Letters of Credit, Foreign Credit Instruments and Joint
Signature Foreign Credit Instruments, (ii) that is transferred or to be
transferred as part of or in connection with any Disposition permitted hereunder
or under any other Loan Document or any Involuntary Disposition, or (iii) as
approved in accordance with Section 9.2;

(b)           to subordinate any Lien on any property granted to or held by the
Administrative Agent under any Loan Document to the holder of any Lien on such
property that is permitted by Section 6.3(d), (e), (f), (j), (k) and (l); and

(c)           to release any Guarantor from its obligations under the Guarantee
and Collateral Agreement if such Person ceases to be a Subsidiary as a result of
a transaction permitted hereunder.

Upon request by the Administrative Agent at any time, the Required Lenders will
confirm in writing the Administrative Agent’s authority to release or
subordinate its interest in particular types or items of property, or to release
any Guarantor from its obligations under the Guarantee and Collateral Agreement,
pursuant to this Section 8.10.

ARTICLE IX

MISCELLANEOUS

SECTION 9.1.            NOTICES.

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

(a)           if to the Parent Borrower, to it at 13515 Ballantyne Corporate
Place, Charlotte, North Carolina 28277, attention of Treasurer and Chief
Financial Officer (Telecopy No. 704-752-7487), and if to any Foreign Subsidiary
Borrower, to it at its address (or telecopy number) specified in the relevant
Borrowing Subsidiary Agreement with a copy to the Parent Borrower at its address
(or telecopy number) specified above;

(b)           if to the Administrative Agent, to Bank of America, N.A., Mail
Code: NC1-001-04-39, One Independence Center, 101 N. Tryon Street, Charlotte,
North Carolina 28255-0001, attention of Charlotte A. Conn (Telecopy
No. 214-290-9653, E-mail charlotte.a.conn@bankofamerica.com);

(c)           if to the Foreign Trade Facility Agent, to Deutsche Bank AG, Trade
Advisory, Königsallee 45-47, 40212 Düsseldorf, Germany, attention of Roland
Stephan or Irmgard Kleinsteinberg (Telecopy No. 49-211-883-9386;
E-mail: spx-ftf.agent@db.com); and

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

Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto.  All notices and
other communications given to any party

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hereto in accordance with the provisions of this Agreement shall be deemed to
have been given on the date of receipt.  Notices and other communications to the
Lenders hereunder may be delivered or furnished by electronic communications
pursuant to procedures approved by the Administrative Agent; provided that the
foregoing shall not apply to notices pursuant to Section 2 unless otherwise
agreed by the Administrative Agent and the applicable Lender.  The
Administrative Agent or any Loan Party may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it; provided that approval of such procedures
may be limited to particular notices or communications.

THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”  THE AGENT PARTIES (AS
DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER
MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR
ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS.  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 ANY AGENT PARTY IN
CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.  In no event shall the
Administrative Agent or any of its Related Parties (collectively, the “Agent
Parties”) have any liability to the Parent Borrower, any Lender, the Issuing
Lender or any other Person for losses, claims, damages, liabilities or expenses
of any kind (whether in tort, contract or otherwise) arising out of the Parent
Borrower’s or the Administrative Agent’s transmission of Borrower Materials
through the Internet, except to the extent that such losses, claims, damages,
liabilities or expenses are determined by a court of competent jurisdiction by a
final and nonappealable judgment to have resulted from the gross negligence or
willful misconduct of such Agent Party; provided, however, that in no event
shall any Agent Party have any such liability to the Parent Borrower, any
Lender, the Issuing Lender or any other Person for indirect, special,
incidental, consequential or punitive damages (as opposed to direct or actual
damages).

SECTION 9.2.            WAIVERS; AMENDMENTS.

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

(b)           Neither this Agreement nor any other Loan Document nor any
provision hereof or thereof may be waived, amended or modified except, in the
case of this Agreement, pursuant to an agreement or agreements in writing
entered into by the Required Lenders and each Loan Party party to the relevant
Loan Document, or, with the written consent of the Required Lenders, the
Administrative Agent and each Loan Party party to the relevant Loan Document;
provided that no such agreement shall:

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(i)            increase the Commitment of any Lender without the written consent
of such Lender;

(ii)           reduce the principal amount of or subordinate the principal of
any Loan, LC Disbursement or Foreign Credit Disbursement, or reduce the rate of
interest thereon, or reduce any premium or fees payable hereunder, without the
written consent of each Lender directly affected thereby;

(iii)          extend the final scheduled date of maturity of any Loan, or
postpone the scheduled date of payment of the principal amount of any Loan, LC
Disbursement or Foreign Credit Disbursement, or any interest (or premium, if
any) thereon, or any fees payable hereunder, or reduce the amount of, waive,
excuse or subordinate any such payment, or postpone the scheduled date of
expiration of any Commitment, without the written consent of each Lender
directly affected thereby;

(iv)          require any Lender to make Loans having an Interest Period of one
year or longer, without the written consent of such Lender;

(v)           amend, modify or waive any provision of this Agreement in any
manner that would change the application of mandatory prepayments hereunder
disproportionately as among the Facilities without the written consent of the
Required Lenders in respect of each Facility adversely affected thereby;

(vi)          amend, modify or waive the first sentence of Section 2.13(a)
without the written consent of each Lender directly affected thereby;

(vii)         change any of the provisions of this Section or the definition of
“Required Lenders” or “Required Lenders” or any other provision of any Loan
Document specifying the number or percentage of Lenders (or Lenders of any
Class) required to waive, amend or modify any rights thereunder or make any
determination or grant any consent thereunder, without the written consent of
each Lender (or each Lender of such Class, as the case may be);

(viii)        release or subordinate the Guarantee from the Parent Borrower or
all or substantially all of the Guarantees from the Subsidiary Guarantors under
the Guarantee and Collateral Agreement (except as expressly provided in the Loan
Documents), without the written consent of each Lender;

(ix)           release or subordinate all or substantially all of the Liens of
the Security Documents on the Collateral (except as expressly provided in the
Loan Documents), without the written consent of each Lender; or

(x)            amend, modify or waive the rights or duties of any Agent under
this Agreement or any other Loan Document in its capacity as Agent unless also
signed by such Agent; or amend, modify or waive the rights or duties of any
Issuing Lender or Foreign Issuing Lender under this Agreement or any other Loan
Document in its capacity as Issuing Lender or Foreign Issuing Lender, as
applicable, unless also signed by such Issuing Lender or Foreign Issuing Lender,
as applicable.

(c)           In addition, notwithstanding the foregoing:

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(i)            this Agreement may be amended with the written consent of the
Administrative Agent, the Parent Borrower and the Lenders providing the relevant
Replacement Term Loans (as defined below) to permit the refinancing of all
outstanding Initial Term Loans or all outstanding Incremental Term Loans
(“Refinanced Term Loans”) with a replacement “A” or `B” term loan tranche, as
applicable, 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, (B) the Applicable
Rate for such Replacement Term Loans shall not be higher than the Applicable
Rate 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
and (D) all other terms applicable to such Replacement Term Loans shall be
substantially identical to, or less favorable to the Lenders providing such
Replacement Term Loans than, those applicable to such Refinanced Term Loans,
except to the extent necessary to provide for covenants and other terms
applicable to any period after the latest final maturity of the Term Loans in
effect immediately prior to such refinancing;

(ii)           this Agreement may be amended to provide for the increases in the
Commitments and/or Incremental Term Loans contemplated by Section 2.1(b), and
matters related thereto, upon (A) execution and delivery by the Parent Borrower,
the Administrative Agent and each Lender increasing its Commitment and/or
providing Incremental Term Loans of an Incremental Facility Activation Notice
and (B) such other documents with respect thereto as the Administrative Agent
shall reasonably request;

(iii)          (A) this Agreement may be amended to remove any Subsidiary as a
Foreign Subsidiary Borrower under the Global Revolving Facility upon (I) written
notice by the Parent Borrower and such Subsidiary to the Administrative Agent to
such effect and (II) repayment in full of all outstanding Obligations of such
Foreign Subsidiary Borrower under the Global Revolving Facility and (B) a
Foreign Subsidiary may become a Foreign Subsidiary Borrower under the Global
Revolving Facility in accordance with the terms of Section 2.23(a) with the
consent of the Administrative Agent and the Global Revolving Lenders;

(iv)          (A) this Agreement may be amended to remove any Subsidiary as a
Foreign Subsidiary Borrower under the Foreign Trade Facility upon (I) written
notice by the Parent Borrower and such Subsidiary to the Foreign Trade Facility
Agent and the Administrative Agent to such effect, (y) repayment in full of all
outstanding Obligations of such Foreign Subsidiary Borrower under the Foreign
Trade Facility and (II) the expiration or termination (or full cash
collateralization or provision of other credit support in a manner consistent
with the terms of Section 2.6(o)(iv)) of all Foreign Credit Instruments issued
for the account of such Foreign Subsidiary Borrower and (B) a Foreign Subsidiary
may become a Foreign Subsidiary Borrower under the Foreign Trade Facility in
accordance with Section 2.23(b) with the consent of the Foreign Trade Facility
Agent and the Administrative Agent;

(v)           this Agreement may be amended (A) to change any of the mechanics
applicable to Foreign Credit Instruments set forth in Section 2.6, with the
written consent of the Administrative Agent, the Foreign Trade Facility Agent,
the Foreign Issuing Lenders, the Parent Borrower and a majority of the Lenders
with Foreign Credit Commitments, and (B) to change any of the mechanics
applicable to Foreign Credit Instruments set forth in Section 2.6 solely to the
extent necessary to permit a Foreign Credit Instrument to be issued in a
particular country in accordance with applicable local Requirements of Law, with
the written consent of the Administrative Agent, the Foreign Trade Facility
Agent, each Foreign Issuing Lender directly affected thereby, a majority of the
Lenders with Foreign Credit Commitments and the Parent

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Borrower; provided that (x) no amendment pursuant to this clause (v) shall have
the effect of making any change described in the proviso to Section 9.2(b) and
(y) no amendment pursuant to clause (B) above shall have the effect of making
any change to Section 2.6 in respect of Foreign Credit Instruments (and any
related Foreign Trade Exposure) issued or to be issued outside of such country;
and

(vi)          each of the Fee Letter and the Deutsche Bank Fee Letter may be
amended, or rights or privileges thereunder waived, in a writing executed only
by the parties thereto.

SECTION 9.3.            EXPENSES; INDEMNITY; DAMAGE WAIVER.

(a)           The Parent Borrower shall pay (i) all reasonable out-of-pocket
expenses incurred by the Agents and their Affiliates, including the reasonable
fees, charges and disbursements of counsel for the Agents, in connection with
the syndication of the credit facilities provided for herein, the preparation
and administration of the Loan Documents or any amendments, modifications or
waivers of the provisions thereof (whether or not the transactions contemplated
hereby or thereby shall be consummated), including the reasonable fees and
disbursements of counsel to the Agents, with statements with respect to the
foregoing to be submitted to the Parent Borrower prior to the Effective Date (in
the case of amounts to be paid on the Effective Date) and from time to time
thereafter on a quarterly basis or such other periodic basis as the Agents shall
deem appropriate, (ii) all reasonable out-of-pocket expenses incurred by any
Issuing Lender or Foreign Issuing Lender in connection with the issuance,
amendment, renewal or extension of any Letter of Credit or Foreign Credit
Instrument or any demand for payment thereunder and (iii) all out-of-pocket
expenses incurred by any Agent or any Lender, including the fees, charges and
disbursements of any counsel for any Agent or any Lender, in connection with the
enforcement or protection of its rights in connection with the Loan Documents,
including its rights under this Section, or in connection with the Loans made or
Letters of Credit or Foreign Credit Instruments issued hereunder, including all
such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans, Letters of Credit or Foreign Credit
Instruments.

(b)           The Parent Borrower shall indemnify each Agent and each Lender,
and each Related Party of any of the foregoing Persons (each such Person being
called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and
all liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind or nature whatsoever
(“Losses”), including the fees, charges and disbursements of any counsel for any
Indemnitee, incurred by or asserted against any Indemnitee arising out of, in
connection with, or as a result of (i) the execution, delivery, enforcement,
performance and administration of any Loan Document or any other agreement,
letter or instrument delivered in connection with the transactions contemplated
hereby, the performance by the parties to the Loan Documents of their respective
obligations thereunder or the consummation of the Transactions or any other
transactions contemplated hereby, (ii) any Loan, Letter of Credit or Foreign
Credit Instrument or the use of the proceeds therefrom (including any refusal by
an Issuing Lender or Foreign Issuing Lender to honor a demand for payment under
a Letter of Credit or Foreign Credit Instrument if the documents presented in
connection with such demand do not strictly comply with the terms of such Letter
of Credit or Foreign Credit Instrument, as applicable), (iii) any actual or
alleged presence or release of Hazardous Materials on or from any property
currently or formerly owned or operated by the Parent Borrower or any of its
Subsidiaries, or any Environmental Liability related in any way to the Parent
Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory and regardless of whether
any Indemnitee is a party thereto; provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such Losses are determined by a
court of competent jurisdiction by final and nonappealable judgment to have
resulted from the gross negligence, bad faith or willful misconduct of such
Indemnitee.

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(c)           To the extent that the Parent Borrower fails to pay any amount
required to be paid by it to any Agent, any Issuing Lender, any Foreign Issuing
Lender or the Swingline Lender under paragraph (a) or (b) of this Section, each
Lender severally agrees to pay to the applicable Agent, such Issuing Lender,
Foreign Issuing Lender or the Swingline Lender, as the case may be, such
Lender’s pro rata share (determined as of the time that the applicable
unreimbursed expense or indemnity payment is sought) of such unpaid amount;
provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted
against such Agent, such Issuing Lender, such Foreign Issuing Lender or the
Swingline Lender in its capacity as such.  For purposes hereof, a Lender’s “pro
rata share” shall be determined based upon its share of the sum of the total
Revolving Exposures, outstanding Term Loans and unused Commitments at the time;
provided that (i) in the case of amounts owing to any Issuing Lender or the
Swingline Lender, in each case in its capacity as such, a Lender’s “pro rata
share” shall be determined based solely upon its share of the sum of Domestic
Revolving Exposures, unused Domestic Revolving Commitments, Global Revolving
Exposures and unused Global Revolving Commitments at the time and (ii) in the
case of amounts owing to any Foreign Issuing Lender, in its capacity as such, a
Lender’s “pro rata share” shall be determined based solely upon its share of the
sum of the unused Foreign Credit Commitments at the time.

(d)           To the extent permitted by applicable law, no Borrower shall
assert, and each Borrower hereby waives, any claim against any Indemnitee, on
any theory of liability, for special, indirect, consequential or punitive
damages (as opposed to direct or actual damages) arising out of, in connection
with, or as a result of, this Agreement or any agreement or instrument
contemplated hereby, the Transactions, any Loan, Letter of Credit or Foreign
Credit Instrument or the use of the proceeds thereof.

(e)           All amounts due under this Section shall be payable not later than
15 days after written demand therefor.  Statements payable by the Parent
Borrower pursuant to this Section shall be sent to Attention of Treasurer and
Chief Financial Officer (Telephone No. 704-752-4400) (Telecopy No.
704-752-7487), at the address of the Parent Borrower set forth in Section 9.1,
or to such other Person or address as may be hereafter designated by the Parent
Borrower in a written notice to the Administrative Agent.

SECTION 9.4.            SUCCESSORS AND ASSIGNS; PARTICIPATIONS AND ASSIGNMENTS.

(a)           Successors and Assigns Generally.  The provisions of this
Agreement and the other Loan Documents shall be binding upon and inure to the
benefit of the parties hereto and thereto and their respective successors and
assigns permitted hereby, except that the Parent Borrower may not assign or
otherwise transfer any of its rights or obligations hereunder or thereunder
without the prior written consent of each Agent and each Lender and no Lender
may assign or otherwise transfer any of its rights or obligations hereunder
except (i) to an assignee in accordance with the provisions of subsection (b) of
this Section, (ii) by way of participation in accordance with the provisions of
subsection (d) of this Section or (iii) by way of pledge or assignment of a
security interest subject to the restrictions of subsection (f) of this Section
(and any other attempted assignment or transfer by any party hereto shall be
null and void).  Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby, Participants to the extent
provided in subsection (d) of this Section and, to the extent expressly
contemplated hereby, the Related Parties of each of the Agents, the Issuing
Lenders and the Lenders) any legal or equitable right, remedy or claim under or
by reason of this Agreement.

(b)           Assignments by Lenders.  Any Lender may at any time assign to one
or more assignees all or a portion of its rights and obligations under this
Agreement and the other Loan Documents (including all or a portion of its
Commitment and the Loans (including for purposes of this subsection (b),

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participations in Letters of Credit, Foreign Credit Instruments and Swingline
Loans) at the time owing to it); provided that any such assignment shall be
subject to the following conditions:

(i)            Minimum Amounts.

(A)          in the case of an assignment of the entire remaining amount of the
assigning Lender’s Commitment and the Loans at the time owing to it or in the
case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund,
no minimum amount need be assigned; and

(B)           in any case not described in subsection (b)(i)(A) of this Section,
the aggregate amount of the Commitment (which for this purpose includes Loans
outstanding thereunder) or, if the Commitment is not then in effect, the
principal outstanding balance of the Loans of the assigning Lender subject to
each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if
“Trade Date” is specified in the Assignment and Assumption, as of the Trade
Date, shall not be less than (1) $5,000,000 in the case of an assignment of
Revolving Loans, (2) $5,000,000 in the case of an assignment of Term Loans and
Incremental Term Loans and (3) $5,000,000 in the case of an assignment in
respect of the Foreign Trade Facility unless each of the Administrative Agent
and, so long as no Event of Default has occurred and is continuing, the Parent
Borrower otherwise consents (each such consent not to be unreasonably withheld
or delayed); provided, however, that concurrent assignments to members of an
Assignee Group and concurrent assignments from members of an Assignee Group to a
single Eligible Assignee (or to an Eligible Assignee and members of its Assignee
Group) will be treated as a single assignment for purposes of determining
whether such minimum amount has been met;

(ii)           Required Consents.  No consent shall be required for any
assignment except to the extent required by subsection (b)(i)(B) of this Section
and, in addition:

(A)          the consent of the Parent Borrower (such consent not to be
unreasonably withheld or delayed) shall be required unless (1) an Event of
Default has occurred and is continuing at the time of such assignment or (2)
such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund;

(B)           the consent of the Administrative Agent (such consent not to be
unreasonably withheld or delayed) shall be required for assignments in respect
of any Domestic Revolving Commitment or Global Revolving Commitment if such
assignment is to a Person that is not a Lender with a Commitment in respect of
the Commitment subject to such assignment, an Affiliate of such Lender or an
Approved Fund with respect to such Lender;

(C)           the consent of the Issuing Lenders (such consent not to be
unreasonably withheld or delayed) shall be required for any assignment (other
than any assignment to the Administrative Agent) after the Effective Date that
increases the obligation of the assignee to participate in exposure under one or
more Letters of Credit (whether or not then outstanding) if such assignment is
to a Person that is not a Lender with a Commitment in respect of the Commitment
subject to such assignment, an Affiliate of such Lender or an Approved Fund with
respect to such Lender;

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(D)          the consent of the Foreign Issuing Lenders (other than those
Foreign Issuing Lenders who are Foreign Issuing Lenders only with respect to
those Existing Foreign Credit Instruments set forth in Part B of Schedule
2.6(a)) in their sole discretion shall be required for any assignment (other
than any assignment to the Foreign Trade Facility Agent) after the Effective
Date that increases the obligation of the assignee to participate in exposure
under one or more Foreign Credit Instruments or Joint Signature Foreign Credit
Instruments (whether or not then outstanding);

(E)           the consent of the Swingline Lender (such consent not to
unreasonably withheld or delayed) shall be required for any assignment in
respect of the Domestic Revolving Commitment if such assignment is to a Person
that is not a Lender with a Domestic Revolving Commitment, an Affiliate of such
Lender or an Approved Fund with respect to such Lender; and

(F)           the consent of the Foreign Trade Facility Agent (such consent not
to be unreasonably withheld or delayed) shall be required for all assignments in
respect of any Foreign Credit Instrument Issuing Commitments or Foreign Credit
Commitment.

(iii)          Assignment and Assumption.  The parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee in the amount of $3,500;
provided, however, that the Administrative Agent may, in its sole discretion,
elect to waive such processing and recordation fee in the case of any
assignment.  The assignee, if it is not a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire.

(iv)          No Assignment to Borrower.  No such assignment shall be made to
the Parent Borrower or any of the Parent Borrower’s Affiliates or Subsidiaries.

(v)           No Assignment to Natural Persons.  No such assignment shall be
made to a natural person.

Subject to acceptance and recording thereof by the Administrative Agent pursuant
to subsection (c) of this Section, from and after the effective date specified
in each Assignment and Assumption, the assignee thereunder shall be a party to
this Agreement and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the
interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under
this Agreement, such Lender shall cease to be a party hereto) but shall continue
to be entitled to the benefits of Sections 2.17, 2.18, 2.19 and 9.3 with respect
to facts and circumstances occurring prior to the effective date of such
assignment.  Upon request, the Parent Borrower (at its expense) shall execute
and deliver a Note to the assignee Lender.  Any assignment or transfer by a
Lender of rights or obligations under this Agreement that does not comply with
this subsection shall be treated for purposes of this Agreement as a sale by
such Lender of a participation in such rights and obligations in accordance with
subsection (d) of this Section.

(c)           Register.  The Administrative Agent, acting solely for this
purpose as an agent of the Parent Borrower, shall maintain at the Administrative
Agent’s Office a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amounts of the Loans, Foreign Trade Exposure and
LC Exposure owing to, each Lender pursuant to the terms hereof from time to time
(the “Register”).  The entries in the Register shall be conclusive, and the
Parent Borrower, the Administrative Agent and the Lenders may

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treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary.  The Register shall be available for inspection by the
Parent Borrower and any Lender, at any reasonable time and from time to time
upon reasonable prior notice.

(d)           Notes.  If after giving effect to any Assignment and Assumption,
the relevant assignor no longer has any Commitments with respect to the
Commitments being assigned, such assignor shall, upon the request of the Parent
Borrower, return each Note (if any) with respect to each such Commitment to the
Parent Borrower marked “cancelled”.

(e)           Participations.  Any Lender may at any time, without the consent
of, or notice to, any Borrower or any Agent, sell participations to any Person
(other than a natural person or the Parent Borrower or any of the Parent
Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a
portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Loans (including such
Lender’s participations in Foreign Trade Exposure, LC Exposure and/or Swingline
Loans) owing to it); provided that (i) such Lender’s obligations under this
Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations
and (iii) the Parent Borrower, the Administrative Agent, the Foreign Trade
Facility Agent, the other Lenders and the Issuing Lender shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement.  Any agreement or instrument pursuant to which
a Lender sells such a participation shall provide that such Lender shall retain
the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, waiver or other modification
described in Section 9.2(c) that affects such Participant.  Subject to
subsection (e) of this Section, the Parent Borrower agrees that each Participant
shall be entitled to the benefits of Sections 2.17, 2.18 and 2.19 to the same
extent as if it were a Lender and had acquired its interest by assignment
pursuant to subsection (b) of this Section; provided that, in the case of
Section 2.19, such Participant shall have complied with the requirements of said
section.  To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 9.8 as though it were a Lender, provided
such Participant agrees to be subject to Section 2.20(c) as though it were a
Lender.

(f)            Limitation on Participant Rights.  A Participant shall not be
entitled to receive any greater payment under Section 2.17 or 2.19 than the
applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to
such Participant is made with the Parent Borrower’s prior written consent.  A
Participant shall not be entitled to the benefits of Section 2.19 unless the
Parent Borrower is notified of the participation sold to such Participant and
such Participant agrees, for the benefit of the Parent Borrower, to comply with
Section 2.19(e) as though it were a Lender.

(g)           Certain Pledges.  Any Lender may at any time pledge or assign a
security interest in all or any portion of its rights under this Agreement
(including under its Notes, if any) to secure obligations of such Lender,
including any pledge or assignment to secure obligations to a Federal Reserve
Bank; provided that no such pledge or assignment shall release such Lender from
any of its obligations hereunder or substitute any such pledgee or assignee for
such Lender as a party hereto.

(h)           Electronic Execution of Assignments.  The words “execution,”
“signed,” “signature,” and words of like import in any Assignment and Assumption
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

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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

(i)            Resignation as Issuing Lender or Swingline Lender after
Assignment.  Notwithstanding anything to the contrary contained herein, if at
any time Bank of America assigns all of its Commitment and Loans pursuant to
subsection (b) above, Bank of America may, (i) upon thirty days’ notice to the
Parent Borrower and the Lenders, resign as Issuing Lender and/or (ii) upon
thirty days’ notice to the Parent Borrower, resign as Swingline Lender.  In the
event of any such resignation as Issuing Lender or Swingline Lender, the Parent
Borrower shall be entitled to appoint from among the Lenders a successor Issuing
Lender or Swingline Lender hereunder; provided, however, that no failure by the
Parent Borrower to appoint any such successor shall affect the resignation of
Bank of America as Issuing Lender or Swingline Lender, as the case may be.  If
Bank of America resigns as Issuing Lender, it shall retain all the rights,
powers, privileges and duties of the Issuing Lender hereunder with respect to
all Letters of Credit outstanding as of the effective date of its resignation as
Issuing Lender and all LC Exposure with respect thereto (including the right to
require the Lenders to make ABR Loans or fund risk participations in
unreimbursed amounts pursuant to Section 2.5(d)).  If Bank of America resigns as
Swingline Lender, it shall retain all the rights of the Swingline Lender
provided for hereunder with respect to Swingline Loans made by it and
outstanding as of the effective date of such resignation, including the right to
require the Lenders to make Alternate Base Rate Loans or fund risk
participations in outstanding Swingline Loans pursuant to Section 2.4(c).  Upon
the appointment of a successor Issuing Lender and/or Swingline Lender, (1) such
successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring Issuing Lender or Swingline Lender, as the
case may be, and (2) the successor Issuing Lender shall issue letters of credit
in substitution for the Letters of Credit, if any, outstanding at the time of
such succession or make other arrangements satisfactory to Bank of America to
effectively assume the obligations of Bank of America with respect to such
Letters of Credit.

(j)            Assignments by Foreign Issuing Lenders.  Any Foreign Issuing
Lender may at any time assign to one or more assignees all or a portion of its
Foreign Credit Instrument Issuing Commitment to issue future Foreign Credit
Instruments (and related rights and obligations with respect to such Foreign
Credit Instrument Issuing Commitment); provided that any such assignment shall
be subject to the consent of the Parent Borrower (such consent not to be
unreasonably withheld or delayed) unless an Event of Default has occurred and is
continuing at the time of such assignment and to the consent of the Foreign
Trade Facility Agent (such consent not to be unreasonably withheld or delayed). 
The parties to each assignment shall execute and deliver to the Administrative
Agent and the Foreign Trade Facility Agent an assignment agreement, together
with a processing and recordation fee in the aggregate amount of $3,500 payable
to the Administrative Agent; provided, however, that the Administrative Agent
may, in its sole discretion, elect to waive such processing and recordation fee
in the case of any such assignment.  The assignee, if it is not already a
Foreign Issuing Lender, shall deliver to the Administrative Agent and the
Foreign Trade Facility Agent an Administrative Questionnaire.  No such
assignment by a Foreign Issuing Lender shall be made to (i) the Parent Borrower
or any of the Parent Borrower’s Affiliates or Subsidiaries or (ii) a natural
person.  Upon consummation of any such assignment, Schedule 1.1A shall be deemed
revised to reflect the Foreign Credit Instrument Issuing Commitments after
giving effect to such assignment.  From and after the effective date specified
in each such assignment, the assignee Foreign Issuing Lender thereunder shall be
a party to this Agreement and, to the extent of the Foreign Credit Instrument
Issuing Commitment assigned by such assignment, have the rights and obligations
of a Foreign Issuing Lender under this Agreement, and the assigning Foreign
Issuing Lender thereunder shall, to the extent of the Foreign Credit Instrument
Issuing Commitment assigned by such assignment, be released from its obligations
under this Agreement but shall continue to be entitled to the benefits of
Sections 2.17, 2.18, 2.19 and 9.3 with respect to facts and circumstances
occurring prior to the effective date of such assignment and shall continue to
have the rights and obligations of a Foreign Issuing Lender with respect to any
Foreign Credit Instruments issued by it prior to the time of such assignment.

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SECTION 9.5.            SURVIVAL.

All covenants, agreements, representations and warranties made by the Loan
Parties in the Loan Documents and in the certificates or other instruments
delivered in connection with or pursuant to this Agreement or any other Loan
Document shall be considered to have been relied upon by the other parties
hereto and shall survive the execution and delivery of the Loan Documents and
the making of any Loans and issuance of any Letters of Credit and Foreign Credit
Instruments, regardless of any investigation made by any such other party or on
its behalf and notwithstanding that any Agent or any Lender may have had notice
or knowledge of any Default or incorrect representation or warranty at the time
any credit is extended hereunder, and shall continue in full force and effect as
long as the principal of or any accrued interest (or premium, if any) on any
Loan or any fee or any other amount payable under this Agreement is outstanding
and unpaid or any Letter of Credit or Foreign Credit Instrument is outstanding
and so long as the Commitments have not expired or terminated.  The provisions
of Sections 2.17, 2.18, 2.19 and 9.3 and Article VIII shall survive and remain
in full force and effect regardless of the consummation of the transactions
contemplated hereby, the repayment of the Loans, the expiration or termination
of the Letters of Credit, the Foreign Credit Instruments or the Commitments or
the termination of this Agreement or any provision hereof.

SECTION 9.6.            COUNTERPARTS; INTEGRATION.

This Agreement may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all
of which when taken together shall constitute a single contract.  This
Agreement, the other Loan Document and any separate letter agreements with
respect to fees payable to any Agent constitute the entire contract among the
parties relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter
hereof.  This Agreement shall be binding upon and inure to the benefit of the
parties hereto (including the Lenders) and their respective successors and
assigns.  Delivery of an executed counterpart of a signature page of this
Agreement by telecopy shall be effective as delivery of a manually executed
counterpart of this Agreement.

SECTION 9.7.            SEVERABILITY.

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

SECTION 9.8.            RIGHT OF SETOFF.

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

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SECTION 9.9.            GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF
PROCESS.

(a)           This Agreement shall be construed in accordance with and governed
by the law of the State of New York (including Sections 5-1401 and 5-1402 of the
New York General Obligations Law).

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

(c)           Each party to this Agreement hereby irrevocably and
unconditionally waives, to the fullest extent it may legally and effectively do
so, (i) any objection which it may now or hereafter have to the laying of venue
of any suit, action or proceeding arising out of or relating to this Agreement
or any other Loan Document in any court referred to in paragraph (b) of this
Section, (ii) the defense of an inconvenient forum to the maintenance of such
action or proceeding in any such court and (iii) any right it may have to claim
or recover in any legal action or proceeding referred to in this Section any
special, exemplary, punitive or consequential damages (as opposed to direct or
actual damages).

(d)           Each party to this Agreement irrevocably consents to service of
process in the manner provided for notices in Section 9.1.  In addition, each
Foreign Subsidiary Borrower agrees that service of process may be effected by
mailing a copy thereof by registered or certified mail (or any substantially
similar form of mail), postage prepaid, to the Parent Borrower at its address
for notices in Section 9.1.  Nothing in this Agreement or any other Loan
Document will affect the right of any party to this Agreement to serve process
in any other manner permitted by law.

SECTION 9.10.          HEADINGS.

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

SECTION 9.11.          CONFIDENTIALITY.

Each of the Agents and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to
its Related Parties, including accountants, legal counsel and other advisors (it
being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep
such Information confidential), (b) to the extent requested by any Governmental
Authority or rating agency, (c) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process, (d) to any other party
to this Agreement, (e) in connection with the exercise of any remedies hereunder
or any suit, action or proceeding relating to this Agreement or any other Loan
Document or the enforcement of rights hereunder or thereunder, (f) subject to an
agreement containing provisions substantially the same as those of this Section,
to any assignee of or Participant in, or any prospective assignee of or
Participant in, any of

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its rights or obligations under this Agreement, (g) subject to an agreement
containing provisions substantially the same as those of this Section, to any
direct or indirect contractual counterparty in Hedging Agreements or other swap
agreements relating to this Agreement or such counterparty’s professional
advisor, (h) with the consent of the Parent Borrower, and (i) to the extent such
Information (i) becomes publicly available other than as a result of a breach of
this Section or (ii) becomes available to any Agent or any Lender on a
nonconfidential basis from a source other than a Borrower.  For the purposes of
this Section, “Information” means all information received from any Borrower
relating to a Borrower or its business, other than any such information that is
available to any Agent or any Lender on a nonconfidential basis prior to
disclosure by such Borrower; provided that such information is clearly
identified at the time of delivery as confidential.  Any Person required to
maintain the confidentiality of Information as provided in this Section shall be
considered to have complied with its obligation to do so if such Person has
exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information.

SECTION 9.12.          WAIVER OF JURY TRIAL.

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

SECTION 9.13.          RELEASE OF COLLATERAL.

(a)           On the first date (the “Release Date”) on which the corporate
family rating of the Parent Borrower from Moody’s is “Baa3” or better and the
corporate credit rating of the Parent Borrower from S&P is “BBB-“ or better, so
long as no Event of Default exists on such date, all Collateral shall be
released from the Liens created by the Guarantee and Collateral Agreement and
any other Security Document, all without delivery of any instrument or
performance of any act by any party, and all rights to the Collateral shall
revert to the Loan Parties.  At the request and sole expense of any Loan Party
following any such release, the Administrative Agent shall deliver to such Loan
Party any Collateral held by the Administrative Agent under any Security
Document, and execute and deliver to such Loan Party such documents as such Loan
Party shall reasonably request to evidence such release.

(b)           If any of the Collateral shall be Disposed of by any Loan Party in
a transaction permitted by this Agreement, then the Administrative Agent, at the
request and sole expense of such Loan Party, shall execute and deliver to such
Loan Party all releases or other documents reasonably necessary or desirable for
the release of the Liens created by the Guarantee and Collateral Agreement and
any other Security Document on such Collateral.  At the request and sole expense
of the Parent Borrower, a Subsidiary Guarantor shall be released from its
obligations under the Guarantee and Collateral Agreement and any other Security
Document in the event that such Subsidiary Guarantor ceases to be a Wholly Owned
Subsidiary pursuant to a transaction expressly permitted by this Agreement and
if, as a result of such transaction, the Parent Borrower and its Subsidiaries
own less than 75% of the outstanding voting Capital Stock of such Subsidiary
Guarantor.  In addition, at the request and sole expense of the Parent Borrower,
not more than twice during the term of this Agreement, a Subsidiary Guarantor
and the

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Subsidiaries of such Subsidiary Guarantor shall be released from their
respective obligations under the Guarantee and Collateral Agreement and any
other Security Document in the event that a portion of the Capital Stock of such
Subsidiary Guarantor is Disposed of in a transaction expressly permitted by
Section 6.6(d) (but which does not satisfy the requirements of the preceding
sentence); provided that the aggregate Consolidated EBITDA for the most recently
completed period of four consecutive fiscal quarters for which financial
statements have been delivered pursuant to Section 5.1 (in each case determined
at the time of such transaction) that is attributable to the Subsidiaries
released from their obligations hereunder pursuant to this sentence shall not
exceed $40,000,000.  Notwithstanding the foregoing, in no event shall any
Subsidiary be released from its obligations under the Guarantee and Collateral
Agreement or any other Security Document, in the event that such Subsidiary is a
guarantor of any other Indebtedness of any Loan Party.

(c)           At such time as the Loans, the Reimbursement Obligations, the
Foreign Credit Reimbursement Obligations and the other Obligations shall have
been paid in full, the Commitments have been terminated and no Letters of Credit
or Foreign Credit Instruments shall be outstanding (or shall have been fully
cash collateralized or otherwise supported in a manner consistent with the terms
of Section 2.5(j) or Section 2.6(o)(iv), as applicable), the Collateral shall be
released from the Liens created by the Guarantee and Collateral Agreement and
any other Security Document, and each Security Document and all obligations
(other than those expressly stated to survive such termination) of the
Administrative Agent and each Loan Party thereunder shall terminate, all without
delivery of any instrument or performance of any act by any party, and all
rights to the Collateral shall revert to the Loan Parties.  At the request and
sole expense of any Loan Party following any such termination, the
Administrative Agent shall deliver to such Loan Party any Collateral held by the
Administrative Agent under any Security Document, and execute and deliver to
such Loan Party such documents as such Loan Party shall reasonably request to
evidence such termination.

SECTION 9.14.          JUDGMENT CURRENCY.

(a)           The Borrowers’ obligations hereunder and under the other Loan
Documents to make payments in a specified currency (the “Obligation Currency”)
shall not be discharged or satisfied by any tender or recovery pursuant to any
judgment expressed in or converted into any currency other than the Obligation
Currency, except to the extent that such tender or recovery results in the
effective receipt by the applicable Agent or a Lender of the full amount of the
Obligation Currency expressed to be payable to such Agent or such Lender under
this Agreement or the other Loan Documents.  If, for the purpose of obtaining or
enforcing judgment against any Loan Party in any court or in any jurisdiction,
it becomes necessary to convert into or from any currency other than the
Obligation Currency (such other currency being hereinafter referred to as the
“Judgment Currency”) an amount due in the Obligation Currency, the conversion
shall be made, at the rate of exchange (as quoted by the Administrative Agent or
if the Administrative Agent does not quote a rate of exchange on such currency,
by a known dealer in such currency designated by the Administrative Agent)
determined, in each case, as of the Business Day immediately preceding the date
on which the judgment is given (such Business Day being hereinafter referred to
as the “Judgment Currency Conversion Date”).

(b)           If there is a change in the rate of exchange prevailing between
the Judgment Currency Conversion Date and the date of actual payment of the
amount due, the Borrowers covenant and agree to pay, or cause to be paid, such
additional amounts, if any (but in any event not a lesser amount), as may be
necessary to ensure that the amount paid in the Judgment Currency, when
converted at the rate of exchange prevailing on the date of payment, will
produce the amount of the Obligation Currency which could have been purchased
with the amount of Judgment Currency stipulated in the judgment or judicial
award at the rate of exchange prevailing on the Judgment Currency Conversion
Date.

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(c)           For purposes of determining any rate of exchange or currency
equivalent for this Section, such amounts shall include any premium and costs
payable in connection with the purchase of the Obligation Currency.

SECTION 9.15.          USA PATRIOT ACT NOTICE.

Each Lender hereby notifies each Borrower that, pursuant to the requirements of
the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”) and other applicable foreign Requirements of Law, it is
required to obtain, verify and record information that identifies each Borrower,
which information includes the name and address of each Borrower and other
information that will allow such Lender to identify each Borrower in accordance
with the Act or such other Requirements of Law, as applicable.

SECTION 9.16.          NO ADVISORY OR FIDUCIARY RESPONSIBILITY.

In connection with all aspects of each transaction contemplated hereby
(including in connection with any amendment, waiver or other modification hereof
or of any other Loan Document), the Parent Borrower acknowledges and agrees, and
acknowledges its Subsidiaries’ understanding, that: (a)(i) the arranging and
other services regarding this Agreement provided by the Administrative Agent,
the Foreign Trade Facility Agent and BAS, are arm’s-length commercial
transactions between the Parent Borrower and its Subsidiaries, on the one hand,
and the Administrative Agent, the Foreign Trade Facility Agent and BAS, on the
other hand, (ii) the Parent Borrower has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate, and (iii)
the Parent Borrower is capable of evaluating, and understands and accepts, the
terms, risks and conditions of the transactions contemplated hereby and by the
other Loan Documents; (b)(i) the Administrative Agent, the Foreign Trade
Facility Agent and BAS each is and has been acting solely as a principal and,
except as expressly agreed in writing by the relevant parties, has not been, is
not and will not be acting as an advisor, agent or fiduciary, for the Parent
Borrower or any of Subsidiaries or any other Person and (ii) neither the
Administrative Agent, the Foreign Trade Facility Agent nor BAS has any
obligation to the Parent Borrower or any of its Subsidiaries with respect to the
transactions contemplated hereby except those obligations expressly set forth
herein and in the other Loan Documents; and (c) the Administrative Agent, the
Foreign Trade Facility Agent and BAS and their respective Affiliates may be
engaged in a broad range of transactions that involve interests that differ from
those of the Parent Borrower and its Subsidiaries, and neither the
Administrative Agent, the Foreign Trade Facility Agent nor BAS has any
obligation to disclose any of such interests to the Parent Borrower or its
Subsidiaries.  To the fullest extent permitted by law, the Parent Borrower
hereby waives and releases, any claims that it may have against the
Administrative Agent, the Foreign Trade Facility Agent or BAS with respect to
any breach or alleged breach of agency or fiduciary duty in connection with any
aspect of any transaction contemplated hereby.

SECTION 9.17.          WAIVER OF NOTICE OF TERMINATION.

Each party hereto that is also a party (in any capacity) to the Existing Credit
Agreement hereby waives (in each of its capacities under the Existing Credit
Agreement) compliance with the 15-day notice requirement contained in Section
2.6(p) of the Existing Credit Agreement, such waiver to be deemed to be
effective when all of the conditions set forth in Section 4.1 are satisfied or
waived.

[SIGNATURE PAGES FOLLOW]

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                IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed as of the date first written above.

 

BORROWER:

SPX CORPORATION,

 

A Delaware corporation

 

 

 

By:

/s/ Kevin Lilly

 

Name:

Kevin Lilly

 

Title:

Senior Vice President, Secretary & General Counsel

 

 

ADMINISTRATIVE

 

AGENT:

BANK OF AMERICA, N.A.,

 

As Administrative Agent

 

 

 

By:

/s/ W. Thomas Barnett

 

Name:

W. Thomas Barnett

 

Title:

Senior Vice President

 

 

FOREIGN TRADE

 

FACILITY AGENT:

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,

 

as Foreign Trade Facility Agent

 

 

 

By:

/s/ Christiane Roth

 

Name:

Christiane Roth

 

Title:

Vice President

 

 

 

 

By:

/s/ Jürgen Maiwald

 

Name:

Jürgen Maiwald

 

Title:

Director

 

 

LENDERS:

BANK OF AMERICA, N.A.,

 

as a Lender, Swingline Lender and Issuing Lender

 

 

 

By:

/s/ W. Thomas Barnett

 

Name:

W. Thomas Barnett

 

Title:

Senior Vice President

 

 

 

 

JPMORGAN CHASE BANK, N.A.,

 

as a Lender

 

 

By:

/s/ Randolph Cates

 

Name:

Randolph Cates

 

Title:

Executive Director

 

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DEUTSCHE BANK AG NEW YORK BRANCH,

 

as a Lender

 

 

 

 

By:

/s/ Paul O’Leary

 

Name:

Paul O’Leary

 

Title:

Vice President

 

 

 

 

By:

/s/ Marcus M. Tarkington

 

Name:

Marcus M. Tarkington

 

Title:

Director

 

 

 

 

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,

 

as a Lender

 

 

 

 

By:

/s/ Christiane Roth

 

Name:

Christiane Roth

 

Title:

Vice President

 

 

 

 

By:

/s/ Jürgen Maiwald

 

Name:

Jürgen Maiwald

 

Title:

Director

 

 

 

 

JPMORGAN CHASE BANK, N.A.,

 

as a Lender

 

 

 

 

By:

/s/ Randolph Cates

 

Name:

Randolph Cates

 

Title:

Executive Director

 

 

 

 

CITIBANK NA

 

as a Lender

 

 

 

 

By:

/s/ Jeffrey A. Neikirth

 

Name:

Jeffrey A. Neikirth

 

 

 

 

SCOTIABANK INC.

 

as a Lender

 

 

 

 

By:

/s/J.F. Todd

 

Name:

J.F. Todd

 

Title:

Managing Director

 

 

 

 

THE BANK OF NOVA SCOTIA

 

as a Lender

 

 

 

 

By:

/s/ Todd Meller

 

Name:

Todd Meller

 

Title:

Managing Director

 

 

 

 

DRESDNER BANK AG NEW YORK BRANCH and

 

GRAND CAYMAN BANK

 

as a Lender

 

 

 

 

By:

/s/ Enrique Bustamante

 

Name:

Enrique Bustamante

 

Title:

Managing Director

 

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By:

/s/ Joseph Mormak

 

Name:

Joseph Mormak

 

Title:

Vice President

 

 

 

 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

 

NEW YORK BRANCH

 

as a Lender

 

 

 

 

By:

/s/ Joanne Nasuti

 

Name:

Joanne Nasuti

 

Title:

Authorized Signatory

 

 

 

 

CALYON NEW YORK BRANCH

 

as a Lender

 

 

 

 

By:

/s/ Rod Hurst

 

Name:

Rod Hurst

 

Title:

Managing Director

 

 

 

 

By:

/s/ Michael Madnick

 

Name:

Michael Madnick

 

Title:

Managing Director

 

 

 

 

COMMERZBANK AG,

 

NEW YORK AND GRAND CAYMAN BRANCHES

 

as a Lender for Revolving Credit Facility and Term Loan

 

 

 

 

By:

/s/ Edward C.A. Forsberg, Jr.

 

Name:

Edward C.A. Forsberg, Jr.

 

Title:

SVP and Manager

 

 

 

 

By:

/s/ Nivedita Persaud

 

Name:

Nivedita Persaud

 

Title:

Vice President

 

 

 

 

COMMERZBANK AG, GROSSKUNDENCENTER REGION MITTE

 

as a Lender for Foreign Credit Instrument Facility

 

 

 

 

By:

/s/ R. Müller

 

Name:

R. Müller

 

Title:

Senior Vice President

 

 

 

 

By:

/s/ Manfred Peter

 

Name:

Manfred Peter

 

Title:

Vice President

 

126

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

 

 

MIZUHO CORPORATE BANK, LTD.

 

as a Lender

 

 

 

 

By:

/s/ Hidekatsu Take

 

Name:

Hidekatsu Take

 

Title:

Deputy General Manager

 

 

 

 

SUMITOMO MITSUI BANKING CORPORATION

 

as a Lender

 

 

 

 

By:

/s/ Yoshihiro Hyakutome

 

Name:

Yoshihiro Hyakutome

 

Title:

General Manager

 

 

 

 

SUNTRUST

 

as a Lender

 

 

 

 

By:

/s/ Frank Baker

 

Name:

Frank Baker

 

Title:

Manager Director

 

 

 

 

DNB NOR BANK ASA — NEW YORK BRANCH

 

as a Lender

 

 

 

 

By:

/s/ Philip F. Kurpiewski

 

Name:

Philip F. Kurpiewski

 

Title:

Senior Vice President

 

 

 

 

By:

/s/ Thomas Tangen

 

Name:

Thomas Tangen

 

Title:

Vice President

 

 

 

 

THE GOVERNOR AND COMPANY OF

 

THE BANK OF IRELAND

 

as a Lender

 

 

 

 

By:

/s/ Barry Heraty

 

Name:

Barry Heraty

 

Title:

Authorised Signatory

 

 

 

 

By:

/s/ Paul Kelly

 

Name:

Paul Kelly

 

Title:

Authorised Signatory

 

127

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COMERICA BANK

 

as a Lender

 

 

 

 

By:

/s/ Richard C. Hampson

 

Name:

Richard C. Hampson

 

Title:

Vice President

 

 

 

 

HSBC BANK USA,

 

NATIONAL ASSOCIATION

 

as a Lender

 

 

 

 

By:

/s/ Jeffrey M. Henry

 

Name:

Jeffrey M. Henry

 

Title:

Vice President

 

 

 

 

LANDESBANK BADEN-WUERTTEMBERG

 

NEW YORK AND/OR CAYMAN ISLANDS BRANCH

 

as a Lender

 

 

 

 

By:

/s/ Karen Richard

 

Name:

Karen Richard

 

Title:

Vice President and Head of Corporate Desk

 

 

 

 

By:

/s/ Annette Hirschle

 

Name:

Annette Hirschle

 

Title:

Senior Risk Manager

 

 

 

 

UBS LOAN FINANCE LLC

 

as a Lender

 

 

 

 

By:

/s/ David Julie

 

Name:

David Julie

 

Title:

Associate Director

 

 

 

 

By:

/s/ Mary E. Evans

 

Name:

Mary E. Evans

 

Title:

Associate Director

 

 

 

 

UBS LIMITED

 

as a Lender

 

 

 

 

By:

/s/ A. Sudlow

 

Name:

A. Sudlow

 

Title:

Executive Director

 

 

 

 

By:

/s/ Graham Vance

 

Name:

Graham Vance

 

Title:

Managing Director

 

128

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

 

 

U S BANKNATIONAL ASSOCIATION

 

as a Lender

 

 

 

 

By:

/s/ John Chapman

 

Name:

John Chapman

 

Title:

Vice President

 

 

 

 

WESTLB AG NEW YORK BRANCH

 

as a Lender

 

 

 

 

By:

/s/ Peter Badura

 

Name:

Peter Badura

 

Title:

Managing Director

 

 

 

 

By:

/s/ Salvatore Battinelli

 

Name:

Salvatore Battinelli

 

Title:

Managing Director

 

 

 

 

ZURICH VERSICHERUNG AG (DEUTSCHLAND)

 

as a Lender

 

 

 

 

By:

/s/ Gerlinde Nagel

 

Name:

Gerlinde Nagel

 

Title:

Surety Officer

 

 

 

 

By:

/s/ Charles Villette

 

Name:

Charles Villette

 

Title:

Underwriter

 

 

 

 

DBS BANK LTD., LOS ANGELES AGENCY

 

as a Lender

 

 

 

 

By:

/s/ Andrew Ko

 

Name:

Andrew Ko

 

Title:

General Manager

 

 

 

 

NORTH FORK BANK

 

A DIVISION OF CAPITAL ONE, N.A.

 

as a Lender

 

 

 

 

By:

/s/ Enrico Panno

 

Name:

Enrico Panno

 

Title:

Vice President

 

129

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

 

 

TD BANKNORTH, N.A.

 

as Lender

 

 

 

 

By:

/s/ George Bacigalupo

 

Name:

George Bacigalupo

 

Title:

EVP

 

 

 

 

NORDEA BANK FINLAND PLC

 

NEW YORK and GRAND CAYMAN BRANCHES

 

as Lender

 

 

 

 

By:

/s/ Henrik M. Steffensen

 

Name:

Henrik M. Steffensen

 

Title:

Senior Vice President

 

 

 

 

By:

/s/ Gerald E. Chelius, Jr.

 

Name:

Gerald E. Chelius, Jr.

 

Title:

SVP Credit

 

 

 

 

INTESASANPAOLO S.P.A.

 

as Lender

 

 

 

 

By:

/s/ Carlo Persico

 

Name:

Carlo Persico

 

Title:

C.E.O. of Americas

 

 

 

 

By:

/s/ Robert Wurster

 

Name:

Robert Wurster

 

Title:

Senior Vice President

 

 

 

 

BANK OF CHINA, NEW YORK BRANCH

 

as Lender

 

 

 

 

By:

/s/ Xiaojing Li

 

Name:

Xiaojing Li

 

Title:

General Manager

 

 

 

 

THE BANK OF NEW YORK

 

as Lender

 

 

 

 

By:

/s/ Carl S. Tabacjar, Jr.

 

Name:

Carl S. Tabacjar, Jr.

 

Title:

Vice President

 

130

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

 

 

PNC BANK, NATIONAL ASSOCIATION

 

as Lender

 

 

 

 

By:

/s/ David B. Gookin

 

Name:

David B. Gookin

 

Title:

Senior Vice President

 

 

 

 

MEGA INTERNATIONAL COMMERCIAL BANK

 

NEW YORK BRANCH as Lender

 

 

 

 

By:

/s/ Tsang-Pei Hsu

 

Name:

Tsang-Pei Hsu

 

Title:

Vice President & Deputy General Manager

 

 

 

 

TAIWAN BUSINESS BANK

 

as Lender

 

 

 

 

By:

/s/ Ben Chou

 

Name:

Ben Chou

 

Title:

V.P. & General Manager

 

 

 

 

BANK OF TAIWAN

 

as Lender

 

 

 

 

By:

/s/ Eunice Shiou-Jsu Yeh

 

Name:

Eunice Shiou-Jsu Yeh

 

Title:

SVP & General Manager

 

 

 

 

TAIWAN COOPERATIVE BANK

 

as Lender

 

 

 

 

By:

/s/ Po-Chang Ho

 

Name:

Po-Chang Ho

 

Title:

VP & General Manager

 

 

 

 

CHANG HWA COMMERCIAL BANK, LTD.,

 

NEW YORK BRANCH

 

as Lender

 

 

 

 

By:

/s/ Jim C.Y. Chen

 

Name:

Jim C.Y. Chen

 

Title:

VP & General Manager

 

131

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NATIONAL BANK OF EGYPT,

 

NEW YORK BRANCH

 

as Lender

 

 

 

 

By:

/s/ William Cleary

 

Name:

William Cleary

 

Title:

Senior Vice President

 

 

 

 

FIRST COMMERCIAL BANK,

 

NEW YORK AGENCY

 

as Lender

 

 

 

 

By:

/s/ Milton Shine

 

Name:

Milton Shine

 

Title:

VP & General Manager

 

 

 

 

BANK OF HAWAII

 

as Lender

 

 

 

 

By:

/s/ Linda R. Ho

 

Name:

Linda R. Ho

 

Title:

Vice President

 

 

 

 

E. SUN COMMERCIAL BANK, LTD.

 

LOS ANGELES BRANCH

 

as Lender

 

 

 

 

By:

/s/ Benjamin Lin

 

Name:

Benjamin Lin

 

Title:

EVP & General Manager

 

 

 

 

TAIPEI FUBON COMMERCIAL BANK CO., LTD.

 

as Lender

 

 

 

 

By:

/s/ Robin S. Wu

 

Name:

Robin S. Wu

 

Title:

AVP & General Manager

 

 

 

 

BANK OF COMMUNICATIONS CO., LTD.

 

NEW YORK BRANCH

 

as Lender

 

 

 

 

By:

/s/ Shelley He

 

Name:

Shelley He

 

Title:

Deputy General Manager

 

132

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Exhibit A

 

GUARANTEE AND COLLATERAL AGREEMENT

 

made by

 

SPX CORPORATION

 

and certain of its Subsidiaries

 

in favor of

 

BANK OF AMERICA, N.A.,
as Administrative Agent

 

Dated as of September 21, 2007

 

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

 

Table of Contents

 

 

 

Page

 

 

 

SECTION 1.

DEFINED TERMS

1

1.1

Definitions

1

1.2

Other Definitional Provisions

3

SECTION 2.

GUARANTEE

4

2.1

Guarantee

4

2.2

Right of Contribution

5

2.3

No Subrogation

5

2.4

Amendments, etc. with respect to the Borrower Obligations

5

2.5

Guarantee Absolute and Unconditional

6

2.6

Reinstatement

6

2.7

Payments

6

SECTION 3.

GRANT OF SECURITY INTEREST

7

SECTION 4.

REPRESENTATIONS AND WARRANTIES

7

4.1

Title; No Other Liens

7

4.2

Perfected First Priority Liens

7

4.3

Jurisdiction of Organization

7

4.4

Pledged Stock

7

SECTION 5.

COVENANTS

8

5.1

Delivery of Certificated Securities

8

5.2

Payment of Obligations

8

5.3

Maintenance of Perfected Security Interest; Further Documentation

8

5.4

Changes in Name, etc

9

5.5

Notices

9

5.6

Pledged Stock

9

SECTION 6.

REMEDIAL PROVISIONS

10

6.1

Pledged Stock

10

6.2

Proceeds to be Turned Over To Administrative Agent

11

6.3

Application of Proceeds

11

6.4

Code and Other Remedies

12

6.5

Sales, Etc

13

6.6

Waiver; Deficiency

13

SECTION 7.

THE ADMINISTRATIVE AGENT

13

7.1

Administrative Agent’s Appointment as Attorney-in-Fact, etc

13

7.2

Duty of Administrative Agent

15

7.3

Execution of Financing Statements

15

7.4

Authority of Administrative Agent

15

SECTION 8.

MISCELLANEOUS

15

8.1

Amendments in Writing

15

8.2

Notices

15

8.3

No Waiver by Course of Conduct; Cumulative Remedies

16

8.4

Enforcement Expenses; Indemnification

16

8.5

Successors and Assigns

16

8.6

Set-Off

16

 

 

i

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8.7

Counterparts

17

8.8

Severability

17

8.9

Section Headings

17

8.10

Integration

17

8.11

GOVERNING LAW

17

8.12

Submission To Jurisdiction; Waivers

17

8.13

Acknowledgements

18

8.14

Additional Guarantors and Grantors

18

8.15

Waiver of Jury Trial

18

8.16

Judgment Currency

18

 

SCHEDULES:

 

1                                          Guarantor Notice Addresses

2                                          Pledged Stock

3                                          Perfection of Liens

4                                          Jurisdiction of Organization;
Organizational Identification Number; Chief Executive Office

 

ANNEXES:

 

1                  Form of Acknowledgement and Consent

2                  Form of Assumption Agreement

 

 

ii

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

 

GUARANTEE AND COLLATERAL AGREEMENT

 

GUARANTEE AND COLLATERAL AGREEMENT, dated as of September 21, 2007, made by each
of the signatories hereto (together with any other entity that may become a
party hereto as provided herein, the “Grantors”), in favor of BANK OF AMERICA,
N.A., as administrative agent (in such capacity, the “Administrative Agent”) for
the banks and other financial institutions (the “Lenders”) from time to time
parties to the Credit Agreement, dated as of September 21, 2007 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
among SPX CORPORATION (the “Parent Borrower”), the Foreign Subsidiary Borrowers
from time to time parties thereto (together with the Parent Borrower, the
“Borrowers”), the Lenders, the Administrative Agent and DEUTSCHE BANK AG
DEUTSCHLANDGESCHÄFT BRANCH, as the Foreign Trade Facility Agent.

 

W I T N E S S E T H

 

WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to
make extensions of credit to the Borrowers upon the terms and subject to the
conditions set forth therein;

 

WHEREAS, the Borrowers are members of an affiliated group of companies that
includes each other Grantor;

 

WHEREAS, the proceeds of the extensions of credit under the Credit Agreement
will be used in part to enable the Borrowers to make valuable transfers to one
or more of the other Grantors in connection with the operation of their
respective businesses;

 

WHEREAS, each Grantor will derive substantial direct and indirect benefit from
the making of the extensions of credit under the Credit Agreement; and

 

WHEREAS, it is a condition precedent to the obligation of the Lenders to make
their respective extensions of credit to the Borrowers under the Credit
Agreement that the Grantors shall have executed and delivered this Agreement to
the Administrative Agent for the ratable benefit of the Secured Parties (as
defined below);

 

NOW, THEREFORE, in consideration of the premises and to induce the
Administrative Agent and the Lenders to enter into the Credit Agreement and to
induce the Lenders to make their respective extensions of credit to the
Borrowers thereunder, each Grantor hereby agrees with the Administrative Agent,
for the ratable benefit of the Secured Parties, as follows:

 

SECTION 1.   DEFINED TERMS

 

1.1          Definitions. (a) Unless otherwise defined herein, terms defined in
the Credit Agreement and used herein shall have the meanings given to them in
the Credit Agreement.

 

(b)          The following terms shall have the following meanings:

 

“Agreement”: this Guarantee and Collateral Agreement, as the same may be
amended, supplemented or otherwise modified from time to time.

 

“Borrower Obligations”: the collective reference to the unpaid principal of and
interest on the Loans, Reimbursement Obligations and Foreign Credit
Reimbursement Obligations and

 

1

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

 

all other obligations and liabilities of the Borrowers (including, without
limitation, interest accruing at the then applicable rate provided in the Credit
Agreement after the maturity of the Loans, Reimbursement Obligations and Foreign
Credit Reimbursement Obligations and interest accruing at the then applicable
rate provided in the Credit Agreement after the filing of any petition in
bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding, relating to any Borrower, whether or not a claim for post-filing or
post-petition interest is allowed in such proceeding) to the Administrative
Agent or any other Secured Party, 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, the Credit Agreement, this
Agreement, the other Loan Documents, any Letter of Credit, any Foreign Credit
Instrument (including, without limitation, any such instrument listed on Part B
of Schedule 2.6(a) to the Credit Agreement), any Lender Hedge Agreement, any
Specified Cash Management Agreement or any other document made, delivered or
given in connection with any of the foregoing, in each case whether on account
of principal, interest, reimbursement obligations, fees, indemnities, costs,
expenses or otherwise (including, without limitation, all fees and disbursements
of counsel to the Administrative Agent or to the other Secured Parties that are
required to be paid by any Borrower pursuant to the terms of any of the
foregoing agreements).

 

“Certificated Security”: as defined in Section 8-102(a)(4) of the New York UCC.

 

“Collateral”: as defined in Section 3.

 

“Collateral Account”: any collateral account established by the Administrative
Agent as provided in Section 6.2.

 

“Financial Asset”: as defined in Section 8-102(a)(9) of the New York UCC.

 

“Foreign Subsidiary Voting Stock”: the voting Capital Stock of any Foreign
Subsidiary.

 

“Guarantor Obligations”: with respect to any Guarantor, all obligations and
liabilities of such Guarantor which may arise under or in connection with this
Agreement (including, without limitation, Section 2) or any other Loan Document
to which such Guarantor is a party, in each case whether on account of guarantee
obligations, reimbursement obligations, fees, indemnities, costs, expenses or
otherwise (including, without limitation, all fees and disbursements of counsel
to the Administrative Agent or to the other Secured Parties that are required to
be paid by such Guarantor pursuant to the terms of this Agreement).

 

“Guarantors”: the collective reference to each Grantor and any other Person that
becomes a party hereto as a guarantor in accordance with the Credit Agreement.

 

“Issuers”: the collective reference to each issuer of any Pledged Stock.

 

“Lender Hedge Agreement”: any Hedging Agreement entered into by the Parent
Borrower or any Guarantor and any Lender or Affiliate thereof.

 

“New York UCC”: the Uniform Commercial Code as from time to time in effect in
the State of New York.

 

“Obligations”: (i) in the case of each Borrower, its Borrower Obligations and
its Guarantor Obligations, and (ii) in the case of each Guarantor, its Guarantor
Obligations.

 

2

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

 

“Pledged Stock”: the shares of Capital Stock listed on Schedule 2, together with
any other shares, stock certificates, options or rights of any nature whatsoever
in respect of the Capital Stock of any Person that may be issued or granted to,
or directly held by, any Grantor while this Agreement is in effect; provided
that (i) in no event shall the Capital Stock of a Foreign Subsidiary be
Collateral or be required to be pledged or a security interest granted hereunder
unless such Subsidiary is a Material Subsidiary that is directly owned by the
Parent Borrower or a Domestic Subsidiary, (ii) in no event shall more than 65%
of the total outstanding Foreign Subsidiary Voting Stock of any Foreign
Subsidiary be Collateral or be required to be pledged or a security interest
granted hereunder, (iii) in no event shall the Capital Stock of any non-Wholly
Owned Subsidiary be Collateral or be required to be pledged or a security
interest granted hereunder by any Grantor to the extent, and only to the extent,
the grant by such Grantor of a security interest pursuant to this Agreement in
its right, title and interest in such Capital Stock is prohibited by the
organizational or governing documents of such non-Wholly Owned Subsidiary, (iv)
in no event shall the Capital Stock of any Receivables Entity be Collateral or
be required to be pledged or a security interest granted hereunder by any
Grantor to the extent, and only to the extent, the grant by such Grantor of a
security interest pursuant to this Agreement in its right, title and interest in
such Capital Stock is prohibited by the documentation relating to the
Receivables sale, factoring or securitization to which such Receivables Entity
is a party and (v) in no event shall the Capital Stock of any Foreign Subsidiary
be Collateral or be required to be pledged or a security interest granted
hereunder if such pledge or grant of a security interest would result in a
violation of any laws, regulations or orders of any Governmental Authority be
required to be pledged or a security interest granted hereunder.

 

“Proceeds”: all “proceeds” as such term is defined in Section 9-102(a)(64) of
the New York UCC and, in any event, shall include, without limitation, all
dividends or other income from the Pledged Stock, collections thereon or
distributions or payments with respect thereto.

 

“Secured Parties”: the collective reference to the Administrative Agent, the
Foreign Trade Facility Agent, the Lenders, and, in the case of any Lender Hedge
Agreement or Specified Cash Management Agreement, any counterparty thereto that,
at the time such Lender Hedge Agreement or Specified Cash Management Agreement,
as applicable, was entered into, was a Lender or an Affiliate of a Lender.

 

“Security”: as defined in Section 8-102(a)(15) of the New York UCC.

 

“Securities Act”: the Securities Act of 1933, as amended.

 

1.2          Other Definitional Provisions. (a)   The words “hereof,” “herein”,
“hereto” 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 and Schedule references are to this Agreement unless
otherwise specified.

 

(b)          The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms.

 

(c)          Where the context requires, terms relating to the Collateral or any
part thereof, when used in relation to a Grantor, shall refer to such Grantor’s
Collateral or the relevant part thereof.

 

3

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

 

SECTION 2.   GUARANTEE

 

2.1          Guarantee.

 

(a)          Each of the Guarantors hereby, jointly and severally,
unconditionally and irrevocably, guarantees to the Administrative Agent and the
Secured Parties and their respective successors and permitted assigns, the
prompt and complete payment and performance by each Borrower when due (whether
at the stated maturity, by acceleration or otherwise) of its Borrower
Obligations (other than in respect of Excluded Taxes); provided, however, that
the Parent Borrower’s guarantee obligations under this Section 2 shall be
limited to the guarantee of the prompt and complete payment and performance by
each Foreign Subsidiary Borrower when due (whether at the stated maturity, by
acceleration or otherwise) of its respective Borrower Obligations (other than in
respect of Excluded Taxes).

 

(b)          Anything herein or in any other Loan Document to the contrary
notwithstanding, the maximum liability of each Guarantor hereunder and under the
other Loan Documents shall in no event exceed the amount which can be guaranteed
by such Guarantor under applicable federal and state laws relating to the
insolvency of debtors (after giving effect to the right of contribution
established in Section 2.2).

 

(c)          Each Guarantor agrees that the Borrower Obligations may at any time
and from time to time exceed the amount of the liability of such Guarantor
hereunder without impairing the guarantee contained in this Section 2 or
affecting the rights and remedies of the Administrative Agent or any other
Secured Party hereunder.

 

(d)          The guarantee contained in this Section 2 shall remain in full
force and effect until all the Borrower Obligations and the obligations of each
Guarantor under the guarantee contained in this Section 2 shall have been
satisfied by payment in full in cash, no Letter of Credit or Foreign Credit
Instrument shall be outstanding (unless fully cash collateralized or otherwise
supported in a manner consistent with the terms of Section 2.5(j) or
2.6(o)(iii), as applicable, of the Credit Agreement) and the Commitments shall
be terminated, notwithstanding that from time to time during the term of the
Credit Agreement the Borrowers may be free from any Borrower Obligations.

 

(e)          The obligations of each Guarantor here under are those of a primary
obligor, and not merely as a surety, and are expressly and wholly independent of
(i) the Guarantor Obligations of each other Guarantor and (ii) the Borrower’s
Obligations. No payment made by any of the Guarantors or any other Person or
received or collected by the Administrative Agent or any other Secured Party
from any of the Guarantors or any other Person by virtue of any action or
proceeding or any set-off or appropriation or application at any time or from
time to time in reduction of the payment of such Guarantor’s Obligation shall be
deemed to modify, release or otherwise affect the liability of any other
Guarantor hereunder, which shall, notwithstanding any such payment by such other
Guarantor, remain liable for the Borrower Obligations up to the maximum
liability of such Guarantor hereunder until the Borrower Obligations are paid in
full in cash, no Letter of Credit or Foreign Credit Instrument shall be
outstanding and the Commitments are terminated. No partial payment of the
Borrower Obligations made by the Borrower or received or collected by the
Administrative Agent or any other Secured Party from the Borrower by virtue of
any action or proceeding or any set-off or appropriation or application at any
time or from time to time shall be deemed to modify, release or otherwise affect
the liability of any Guarantor hereunder, which shall, notwithstanding any such
partial payment by the Borrower, remain liable for the Borrower Obligations up
to the maximum liability of such Guarantor

 

4

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

 

hereunder until the Borrower Obligations are paid in full in cash, no Letter of
Credit or Foreign Credit Instrument shall be outstanding and the Commitments are
terminated.

 

2.2          Right of Contribution. Each Subsidiary Guarantor hereby agrees that
to the extent that a Subsidiary Guarantor shall have paid more than its
proportionate share of any payment made hereunder, such Subsidiary Guarantor
shall be entitled to seek and receive contribution from and against any other
Subsidiary Guarantor hereunder which has not paid its proportionate share of
such payment. Each Subsidiary Guarantor’s right of contribution shall be subject
to the terms and conditions of Section 2.3. The provisions of this Section 2.2
shall in no respect limit the obligations and liabilities of any Subsidiary
Guarantor to the Administrative Agent and the other Secured Parties, and each
Subsidiary Guarantor shall remain liable to the Administrative Agent and the
other Secured Parties for the full amount guaranteed by such Subsidiary
Guarantor hereunder.

 

2.3          No Subrogation. Notwithstanding any payment made by any Guarantor
hereunder or any set-off or application of funds of any Guarantor by the
Administrative Agent or any other Secured Party, no Guarantor shall be entitled
to be subrogated to any of the rights of the Administrative Agent or any other
Secured Party against any Borrower or any other Guarantor or any collateral
security or guarantee or right of offset held by the Administrative Agent or any
other Secured Party for the payment of the Borrower Obligations, nor shall any
Guarantor seek or be entitled to seek any contribution or reimbursement from any
Borrower or any other Guarantor in respect of payments made by such Guarantor
hereunder, until all amounts owing to the Administrative Agent and the other
Secured Parties by each Borrower on account of its respective Borrower
Obligations are paid in full in cash, no Letter of Credit or Foreign Credit
Instrument shall be outstanding (unless fully cash collateralized or otherwise
supported in a manner consistent with the terms of Section 2.5(j) or
2.6(o)(iii), as applicable, of the Credit Agreement) and the Commitments are
terminated. If any amount shall be paid to any Guarantor on account of such
subrogation rights at any time when all of the Borrower Obligations shall not
have been paid in full in cash, such amount shall be held by such Guarantor in
trust for the Administrative Agent and the other Secured Parties, segregated
from other funds of such Guarantor, and shall, forthwith upon receipt by such
Guarantor, be turned over to the Administrative Agent in the exact form received
by such Guarantor (duly indorsed by such Guarantor to the Administrative Agent,
if required), to be applied against the Borrower Obligations, whether matured or
unmatured, in such order as the Administrative Agent may determine.

 

2.4          Amendments, etc. with respect to the Borrower Obligations. Each
Guarantor shall remain obligated hereunder notwithstanding that, without any
reservation of rights against any Guarantor and without notice to or further
assent by any Guarantor, any demand for payment of any of the Borrower
Obligations made by the Administrative Agent or any other Secured Party may be
rescinded by the Administrative Agent or such Secured Party and any of the
Borrower Obligations continued, and the Borrower Obligations, or the liability
of any other Person upon or for any part thereof, or any collateral security or
guarantee therefor or right of offset with respect thereto, may, from time to
time, in whole or in part, be renewed, extended, amended, modified, accelerated,
compromised, waived, surrendered or released by the Administrative Agent or any
other Secured Party, and the Credit Agreement and the other Loan Documents and
any other documents executed and delivered in connection therewith may be
amended, modified, supplemented or terminated, in whole or in part, as the
Administrative Agent (or the Administrative Agent, the Required Lenders or all
Lenders, as the case may be) may deem advisable from time to time, and any
collateral security, guarantee or right of offset at any time held by the
Administrative Agent or any other Secured Party for the payment of the Borrower
Obligations may be sold, exchanged, waived, surrendered or released. Neither the
Administrative Agent nor any other Secured Party shall have any obligation to
protect, secure, perfect or insure any Lien at any time held by it as security
for the Borrower Obligations or for the guarantee contained in this Section 2 or
any property subject thereto.

 

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2.5          Guarantee Absolute and Unconditional. Each Guarantor waives any and
all notice of the creation, renewal, extension or accrual of any of the Borrower
Obligations and notice of or proof of reliance by the Administrative Agent or
any other Secured Party upon the guarantee contained in this Section 2 or
acceptance of the guarantee contained in this Section 2; the Borrower
Obligations, and any of them, shall conclusively be deemed to have been created,
contracted or incurred, or renewed, extended, amended or waived, in reliance
upon the guarantee contained in this Section 2; and all dealings between any of
the Borrowers and any of the Guarantors, on the one hand, and the Administrative
Agent and the other Secured Parties, on the other hand, likewise shall be
conclusively presumed to have been had or consummated in reliance upon the
guarantee contained in this Section 2. Each Guarantor waives diligence,
presentment, protest, demand for payment and notice of default or nonpayment to
or upon any of the Borrowers or any of the Guarantors with respect to the
Borrower Obligations, except for such demands for payment and/or notices as are
expressly specified in the Credit Agreement. Each Guarantor understands and
agrees that the guarantee contained in this Section 2 shall be construed as a
continuing, absolute and unconditional guarantee of payment without regard to
(a) the validity or enforceability of the Credit Agreement or any other Loan
Document, any of the Borrower Obligations or any other collateral security
therefor or guarantee or right of offset with respect thereto at any time or
from time to time held by the Administrative Agent or any other Secured Party,
(b) any defense, set-off or counterclaim (other than a defense of payment or
performance) which may at any time be available to or be asserted by any
Borrower or any other Person against the Administrative Agent or any other
Secured Party, or (c) any other circumstance whatsoever (with or without notice
to or knowledge of any Borrower or such Guarantor) which constitutes, or might
be construed to constitute, an equitable or legal discharge of any Borrower for
the Borrower Obligations, or of such Guarantor under the guarantee contained in
this Section 2, in bankruptcy or in any other instance. When making any demand
hereunder or otherwise pursuing its rights and remedies hereunder against any
Guarantor, the Administrative Agent or any other Secured Party may, but shall be
under no obligation to, make a similar demand on or otherwise pursue such rights
and remedies as it may have against any Borrower, any other Guarantor or any
other Person or against any collateral security or guarantee for the Borrower
Obligations or any right of offset with respect thereto, and any failure by the
Administrative Agent or any other Secured Party to make any such demand, to
pursue such other rights or remedies or to collect any payments from any
Borrower, any other Guarantor or any other Person or to realize upon any such
collateral security or guarantee or to exercise any such right of offset, or any
release of any Borrower, any other Guarantor or any other Person or any such
collateral security, guarantee or right of offset, shall not relieve any
Guarantor of any obligation or liability hereunder, and shall not impair or
affect the rights and remedies, whether express, implied or available as a
matter of law, of the Administrative Agent or any other Secured Party against
any Guarantor. For the purposes hereof “demand” shall include the commencement
and continuance of any legal proceedings.

 

2.6          Reinstatement. The guarantee contained in this Section 2 shall
continue to be effective, or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any of the Borrower Obligations is rescinded or
must otherwise be restored or returned by the Administrative Agent or any other
Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or
reorganization of any Borrower or any 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 Guarantor or any substantial part of its
property, or otherwise, all as though such payments had not been made.

 

2.7          Payments. Each Guarantor hereby guarantees that payments hereunder
will be paid to the Administrative Agent without set-off or counterclaim in
Dollars at the office of the Administrative Agent located at Bank of America,
N.A., Mail Code: NC1-001-04-39, One Independence Center, 101 N. Tryon Street,
Charlotte, North Carolina 28255-0001, attention of Sally A. Bixby (Telecopy No.
704-719-8876, E-mail: sally.a.bixby@bankofamerica.com).

 

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SECTION 3.   GRANT OF SECURITY INTEREST

 

Each Grantor hereby assigns and transfers to the Administrative Agent, and
hereby grants to the Administrative Agent, for the ratable benefit of the
Secured Parties, a security interest in, all Pledged Stock and to the extent not
otherwise included, all Proceeds of the Pledged Stock now owned or at any time
hereafter acquired by such Grantor or in which such Grantor now has or at any
time in the future may acquire any right, title or interest (collectively, the
“Collateral”), as collateral security for the prompt and complete payment and
performance when due (whether at the stated maturity, by acceleration or
otherwise) of such Grantor’s Obligations.

 

SECTION 4.   REPRESENTATIONS AND WARRANTIES

 

To induce the Administrative Agent, the Foreign Trade Facility Agent and the
Lenders to enter into the Credit Agreement and to induce the Lenders to make
their respective extensions of credit to the Borrowers thereunder, each Grantor
hereby represents and warrants to the Administrative Agent and each other
Secured Party that:

 

4.1          Title; No Other Liens. Except for the security interest granted to
the Administrative Agent for the ratable benefit of the Secured Parties pursuant
to this Agreement and the other Liens permitted to exist on the Collateral by
the Credit Agreement, such Grantor owns each item of the Collateral free and
clear of any and all Liens or claims of others. No effective financing statement
or other public notice with respect to all or any part of the Collateral is on
file or of record in any public office, except such as have been filed in favor
of the Administrative Agent, for the ratable benefit of the Secured Parties,
pursuant to this Agreement or as are permitted by the Credit Agreement.

 

4.2          Perfected First Priority Liens. The security interests granted
pursuant to this Agreement (a) upon completion of the filings and other actions
specified on Schedule 3 (which, in the case of all filings and other documents
referred to on said Schedule, have been delivered to the Administrative Agent in
completed and duly executed form) will constitute valid perfected security
interests in all of the Collateral in favor of the Administrative Agent, for the
ratable benefit of the Secured Parties, as collateral security for such
Grantor’s Obligations, enforceable in accordance with the terms hereof against
all creditors of such Grantor and any Persons purporting to purchase any
Collateral from such Grantor and (b) are prior to all other Liens on the
Collateral in existence on the date hereof except for Liens permitted by the
Credit Agreement which have priority over the Liens on the Collateral by
operation of law.

 

4.3          Jurisdiction of Organization. On the date hereof, such Grantor’s
jurisdiction of organization and organizational identification number (if any)
from such jurisdiction are specified on Schedule 4.

 

4.4          Pledged Stock.

 

(a)          The shares of Pledged Stock pledged by such Grantor hereunder
constitute all the issued and outstanding shares of all classes of the Capital
Stock of each Issuer owned by such Grantor or, in the case of Foreign Subsidiary
Voting Stock, if less, 65% of the outstanding Foreign Subsidiary Voting Stock of
each relevant Issuer.

 

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(b)          All the shares of the Pledged Stock have been duly and validly
issued and are fully paid and nonassessable.

 

(c)          Such  Grantor is the record and beneficial owner of, and has good
and marketable title to, the Pledged Stock pledged by it hereunder.

 

(d)          Except as previously disclosed in writing to the Administrative
Agent, none of the Pledged Stock consisting of partnership or limited liability
company interests (i) is dealt in or traded on a securities exchange or in a
securities market, (ii) by its terms expressly provides that it is a security
governed by Article 8 of the UCC, (iii) is an investment company security, (iv)
is held in a securities account or (v) constitutes a Security or a Financial
Asset.

 

SECTION 5.   COVENANTS

 

Each Grantor covenants and agrees with the Administrative Agent on behalf of the
Secured Parties that, from and after the date of this Agreement until the
Obligations shall have been paid in full in cash, no Letter of Credit or Foreign
Credit Instrument shall be outstanding (unless fully cash collateralized or
otherwise supported in a manner consistent with the terms of Section 2.5(j) or
2.6(o)(iii), as applicable, of the Credit Agreement) and the Commitments shall
have terminated:

 

5.1          Delivery of Certificated Securities. If any amount payable in
excess of $5,000,000 under or in connection with any of the Collateral shall be
or become evidenced by any Certificated Security, such Certificated Security
shall be immediately delivered to the Administrative Agent, duly indorsed in a
manner satisfactory to the Administrative Agent, to be held as Collateral
pursuant to this Agreement.

 

5.2          Payment of Obligations. Such Grantor will pay and discharge or
otherwise satisfy at or before maturity or before they become delinquent, as the
case may be, all taxes, assessments and governmental charges or levies imposed
upon or that could become a Lien upon the Collateral or in respect of income or
profits therefrom, as well as all claims of any kind (including, without
limitation, claims for labor, materials and supplies) against or that could
become a Lien upon the Collateral, except that no such charge need be paid if
the amount or validity thereof is currently being contested in good faith by
appropriate proceedings, reserves in conformity with GAAP with respect thereto
have been provided on the books of such Grantor and such proceedings could not
reasonably be expected to result in a Material Adverse Effect.

 

5.3          Maintenance of Perfected Security Interest; Further Documentation.

 

(a)          Such Grantor shall maintain the security interest created by this
Agreement as a perfected security interest having at least the priority
described in Section 4.2 and shall defend such security interest against the
claims and demands of all Persons whomsoever.

 

(b)          Such Grantor will furnish to the Administrative Agent and the other
Secured Parties from time to time statements and schedules further identifying
and describing any Collateral owned by such Grantor and such other reports in
connection therewith as the Administrative Agent may reasonably request, all in
reasonable detail.

 

(c)          At any time and from time to time, upon the written request of the
Administrative Agent, and at the sole expense of such Grantor, such Grantor will
promptly and duly execute and deliver, and have recorded, such further
instruments and documents and take such further actions as the Administrative
Agent may reasonably request for the purpose of obtaining or preserving

 

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the full benefits of this Agreement and of the rights and powers herein granted,
including, without limitation, (i) filing any financing or continuation
statements under the Uniform Commercial Code (or other similar laws) in effect
in any jurisdiction with respect to the security interests created hereby and
(ii) taking any actions necessary to enable the Administrative Agent to obtain
“control” (within the meaning of the applicable Uniform Commercial Code) of the
Pledged Stock.

 

5.4          Changes in Name, etc. Such Grantor will not, except upon 15 days’
prior written notice to the Administrative Agent and delivery to the
Administrative Agent of all additional executed financing statements and other
documents reasonably requested by the Administrative Agent to maintain the
validity, perfection and priority of the security interests provided for herein,
(a) change its jurisdiction of organization from that referred to in Section 4.3
or (ii) change its name.

 

5.5          Notices. Such Grantor will advise the Administrative Agent
promptly, in reasonable detail, of the occurrence of any event which could
reasonably be expected to have a material adverse effect on the validity,
enforceability, perfection or priority of the security interests created hereby.

 

5.6          Pledged Stock.

 

(a)          If such Grantor shall become entitled to receive or shall receive
any stock certificate (including, without limitation, any certificate
representing a stock dividend or a distribution in connection with any
reclassification, increase or reduction of capital or any certificate issued in
connection with any reorganization), option or rights in respect of the Capital
Stock of any Issuer, whether in addition to, in substitution of, as a conversion
of, or in exchange for, any shares of the Pledged Stock, or otherwise in respect
thereof, such Grantor shall accept the same as the agent of the Administrative
Agent and the other Secured Parties, hold the same in trust for the
Administrative Agent and the other Secured Parties and promptly (but not later
than the next Collateral Date) deliver the same to the Administrative Agent in
the exact form received, duly indorsed by such Grantor to the Administrative
Agent, if required, together with an undated stock power covering such
certificate duly executed in blank by such Grantor and with, if the
Administrative Agent so requests, signature guaranteed, to be held by the
Administrative Agent, subject to the terms hereof, as additional collateral
security for the Obligations. If an Event of Default shall have occurred and be
continuing, upon request of the Administrative Agent, any sums paid upon or in
respect of the Pledged Stock upon the liquidation or dissolution of any Issuer
and any distribution of capital made on or in respect of the Pledged Stock or
distributed upon or with respect to the Pledged Stock pursuant to the
recapitalization or reclassification of the capital of any Issuer or pursuant to
the reorganization thereof, shall be paid over or delivered to the
Administrative Agent to be held by it hereunder as additional collateral
security for the Obligations. If any sums of money or property so paid or
distributed in respect of the Pledged Stock shall be received by such Grantor,
such Grantor shall, until such money or property is paid or delivered to the
Administrative Agent if required by the immediately proceeding sentence, hold
such money or property in trust for the Administrative Agent and the other
Secured Parties, segregated from other funds of such Grantor, as additional
collateral security for the Obligations.

 

(b)          Without the prior written consent of the Administrative Agent, such
Grantor will not (i) vote to enable, or take any other action to permit, any
Issuer to issue any stock or other equity securities of any nature or to issue
any other securities convertible into or granting the right to purchase or
exchange for any stock or other equity securities of any nature of any Issuer
(except pursuant to a transaction expressly permitted by the Credit Agreement),
(ii) sell, assign, transfer, exchange, or otherwise dispose of, or grant any
option with respect to, the Pledged Stock or Proceeds thereof (except pursuant
to a transaction expressly permitted by the Credit

 

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Agreement), (iii) create, incur or permit to exist any Lien or option in favor
of, or any claim of any Person with respect to, any of the Pledged Stock or
Proceeds thereof, or any interest therein, except for the security interests
created by this Agreement (except pursuant to a transaction expressly permitted
by the Credit Agreement) or (iv) enter into any agreement or undertaking
restricting the right or ability of such Grantor or the Administrative Agent to
sell, assign or transfer any of the Pledged Stock or Proceeds thereof (other
than in anticipation of a Disposition of Pledged Stock in a transaction
expressly permitted by the Credit Agreement).

 

(c)          In the case of each Grantor which is an Issuer, such Issuer agrees
that (i) it will be bound by the terms of this Agreement relating to the Pledged
Stock issued by it and will comply with such terms insofar as such terms are
applicable to it, (ii) it will notify the Administrative Agent promptly (but not
later than the next Collateral Date) in writing of the occurrence of any of the
events described in Section 5.6(a) with respect to the Pledged Stock issued by
it and (iii) the terms of Sections 6.1(c) and 6.5 shall apply to it, mutatis
mutandis, with respect to all actions that may be required of it pursuant to
Section 6.1(c) or 6.5 with respect to the Pledged Stock issued by it.

 

SECTION 6.   REMEDIAL PROVISIONS

 

6.1          Pledged Stock. (a) Unless an Event of Default shall have occurred
and be continuing and the Administrative Agent shall have given notice to the
relevant Grantor of the Administrative Agent’s intent to exercise its
corresponding rights pursuant to Section 6.1(b), each Grantor shall be permitted
to receive and use (free of the Lien under this Agreement) all cash dividends
paid in respect of the Pledged Stock, to the extent not prohibited by the Credit
Agreement, and to exercise all voting and corporate or other organizational
rights with respect to the Pledged Stock; provided, however, that no vote shall
be cast or corporate or other organizational right exercised or other action
taken in violation of any provision of the Credit Agreement, this Agreement or
any other Loan Document.

 

(b)          If an Event of Default shall occur and be continuing and the
Administrative Agent shall give notice of its intent to exercise such rights to
the relevant Grantor or Grantors, (i) the Administrative Agent shall have the
right to receive any and all cash dividends, payments or other Proceeds paid in
respect of the Pledged Stock and make application thereof to the Obligations in
such order as the Administrative Agent may determine, and (ii) any or all of the
Pledged Stock shall be registered in the name of the Administrative Agent or its
nominee, and the Administrative Agent or its nominee may thereafter exercise (x)
all voting, corporate and other rights pertaining to such Pledged Stock at any
meeting of shareholders of the relevant Issuer or Issuers or otherwise and (y)
any and all rights of conversion, exchange and subscription and any other
rights, privileges or options pertaining to such Pledged Stock as if it were the
absolute owner thereof (including, without limitation, the right to exchange at
its discretion any and all of the Pledged Stock upon the merger, consolidation,
reorganization, recapitalization or other fundamental change in the corporate or
other organizational structure of any Issuer, or upon the exercise by any
Grantor or the Administrative Agent of any right, privilege or option pertaining
to such Pledged Stock, and in connection therewith, the right to deposit and
deliver any and all of the Pledged Stock with any committee, depositary,
transfer agent, registrar or other designated agency upon such terms and
conditions as the Administrative Agent may determine), all without liability
except to account for property actually received by it, but the Administrative
Agent shall have no duty to any Grantor to exercise any such right, privilege or
option and shall not be responsible for any failure to do so or delay in so
doing.

 

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(c)          Each Grantor hereby authorizes and instructs each Issuer of any
Pledged Stock pledged by such Grantor hereunder to (i) comply with any
instruction received by it from the Administrative Agent in writing that (x)
states that an Event of Default has occurred and is continuing and (y) is
otherwise in accordance with the terms of this Agreement, without any other or
further instructions from such Grantor, and each Grantor agrees that each Issuer
shall be fully protected in so complying, and (ii) to the extent required
hereby, pay any dividends or other payments with respect to the Pledged Stock
directly to the Administrative Agent.

 

6.2          Proceeds to be Turned Over To Administrative Agent. In addition to
the rights of the Administrative Agent on behalf of the Secured Parties
specified in Section 6.1 with respect to dividends and payments in respect of
Pledged Stock, if an Event of Default shall occur and be continuing, at the
request of the Administrative Agent, all Proceeds received by any Grantor
consisting of cash, checks and other near-cash items shall be held by such
Grantor in trust for the Administrative Agent and the other Secured Parties,
segregated from other funds of such Grantor, and shall, forthwith upon receipt
by such Grantor, be turned over to the Administrative Agent in the exact form
received by such Grantor (duly indorsed by such Grantor to the Administrative
Agent, if required). All Proceeds received by the Administrative Agent hereunder
shall be held by the Administrative Agent in a Collateral Account maintained
under its sole dominion and control. All Proceeds while held by the
Administrative Agent in a Collateral Account (or by such Grantor in trust for
the Administrative Agent and the other Secured Parties) shall continue to be
held as collateral security for all the Obligations and shall not constitute
payment thereof until applied as provided in Section 6.3.

 

6.3          Application of Proceeds. At such intervals as may be agreed upon by
the Parent Borrower and the Administrative Agent, or, if an Event of Default
shall have occurred and be continuing, at any time at the Administrative Agent’s
election, the Administrative Agent may apply all or any part of Proceeds
constituting Collateral, whether or not held in any Collateral Account, and any
proceeds of the guarantee set forth in Section 2, in payment of the Obligations
in the following order:

 

First, to pay incurred and unpaid fees and expenses of the Administrative Agent
and the Foreign Trade Facility Agent under the Loan Documents;

 

Second, to pay incurred and unpaid fees and expenses of the Secured Parties
under the Loan Documents;

 

Third, to the Administrative Agent, for application by it towards payment of
amounts then due and owing and remaining unpaid in respect of the Obligations,
pro rata among the Secured Parties according to the amounts of the Obligations
then due and owing and remaining unpaid to the Secured Parties;

 

Fourth, to (i) the payment of that portion of the Obligations constituting
unpaid principal of the Loans, LC Disbursements, Foreign Credit Disbursements
and any other amounts then due and owing and remaining unpaid in respect of the
Obligations and (ii) cash collateralize all outstanding Letters of Credit and
Foreign Credit Instruments (unless already fully cash collateralized or
otherwise supported in a manner consistent with the terms of Section 2.5(j) or
2.6(o)(iii), as applicable, of the Credit Agreement), pro rata among the Secured
Parties according to the amounts of the Obligations then held by the Secured
Parties; provided that (a) if any LC Disbursement or Foreign Credit Disbursement
shall occur under any Letter of Credit or Foreign Credit Instrument for which
cash collateral has been provided in accordance herewith, then such cash
collateral shall be applied to the extent thereof to reimburse such LC
Disbursement or Foreign Credit Disbursement, as applicable, (b) if any Letter of
Credit or Foreign Credit Instrument for which cash collateral has been provided
in accordance herewith shall expire

 

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without any pending drawing or terminate, then the cash collateral provided for
such Letter of Credit or Foreign Credit Instrument, as applicable, shall be
reallocated in accordance with the provisions of this Section in the order of
priority determined under paragraphs First, Second, Third, Fourth and Fifth, as
applicable, and (iii) if any Letter of Credit or Foreign Credit Instrument for
which cash collateral has been provided in accordance herewith shall be amended
to reduce the Face Amount thereof or if the Face Amount thereof shall otherwise
be reduced in accordance with the terms and conditions of such Letter of Credit
or Foreign Credit Instrument, and in either such event the remaining amount of
cash collateral held for such Letter of Credit or Foreign Credit Instrument
exceeds the amount of cash collateral required to be maintained in respect of
such Letter of Credit or Foreign Credit Instrument in accordance with the Credit
Agreement, then the excess amount of cash collateral held in accordance herewith
for such Letter of Credit or Foreign Credit Instrument, as applicable, shall be
reallocated in accordance with the provisions of this Section in the order of
priority determined under paragraphs First, Second, Third, Fourth and Fifth, as
applicable; and

 

Fifth, any balance of such Proceeds remaining after the Obligations shall have
been paid in full in cash, no Letters of Credit or Foreign Credit Instruments
shall be outstanding (unless fully cash collateralized or otherwise supported in
a manner consistent with the terms of Section 2.5(j) or 2.6(o)(iii), as
applicable, of the Credit Agreement) and the Commitments shall have terminated
shall be paid over to the applicable Grantor or to whomsoever may be lawfully
entitled to receive the same.

 

6.4          Code and Other Remedies. If an Event of Default shall occur and be
continuing, the Administrative Agent, on behalf of the Secured Parties, may
exercise, in addition to all other rights and remedies granted to them in this
Agreement and in any other instrument or agreement securing, evidencing or
relating to the Obligations, all rights and remedies of a secured party under
the New York UCC or any other applicable law. Without limiting the generality of
the foregoing, the Administrative Agent, without demand of performance or other
demand, presentment, protest, advertisement or notice of any kind (except any
notice required by law referred to below) to or upon any Grantor or any other
Person (all and each of which demands, defenses, advertisements and notices are
hereby waived to the maximum extent permitted under applicable law), may in such
circumstances forthwith collect, receive, appropriate and realize upon the
Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give
option or options to purchase, or otherwise dispose of and deliver the
Collateral or any part thereof (or contract to do any of the foregoing), in one
or more parcels at public or private sale or sales, at any exchange, broker’s
board or office of the Administrative Agent or any other Secured Party or
elsewhere upon such terms and conditions as it may deem advisable and at such
prices as it may deem best, for cash or on credit or for future delivery without
assumption of any credit risk. The Administrative Agent or any other Secured
Party shall have the right upon any such public sale or sales, and, to the
extent permitted by law, upon any such private sale or sales, to purchase the
whole or any part of the Collateral so sold, free of any right or equity of
redemption in any Grantor, which right or equity is hereby waived and released.
Each Grantor further agrees, at the Administrative Agent’s request, to assemble
the Collateral and make it available to the Administrative Agent at places which
the Administrative Agent shall reasonably select, whether at such Grantor’s
premises or elsewhere. The Administrative Agent shall apply the net proceeds of
any action taken by it pursuant to this Section 6.4, after deducting all
reasonable costs and expenses of every kind incurred in connection therewith or
incidental to the care or safekeeping of any of the Collateral or in any way
relating to the Collateral or the rights of the Administrative Agent and the
other Secured Parties hereunder, including, without limitation, reasonable
attorneys’ fees and disbursements, to the payment in whole or in part of the
Obligations, in the order specified in Section 6.3, and only after such
application and after the payment by the Administrative Agent of any other
amount required by any provision of law, including, without limitation,
Section 9-615(a)(3) of the New York UCC, need the Administrative Agent account
for the surplus, if any, to any Grantor. To the extent permitted by

 

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applicable law, each Grantor waives all claims, damages and demands it may
acquire against the Administrative Agent or any other Secured Party arising out
of the exercise by them of any rights hereunder in accordance with the terms
hereof and applicable law. If any notice of a proposed sale or other disposition
of Collateral shall be required by law, such notice shall be deemed reasonable
and proper if given at least 10 days before such sale or other disposition.

 

6.5         Sales, Etc.. (a) Each Grantor recognizes that the Administrative
Agent may be unable to effect a public sale of any or all the Pledged Stock, by
reason of certain prohibitions contained in the Securities Act and applicable
state securities laws or otherwise, and may be compelled to resort to one or
more private sales thereof to a restricted group of purchasers which will be
obliged to agree, among other things, to acquire such securities for their own
account for investment and not with a view to the distribution or resale
thereof. Each Grantor acknowledges and agrees that any such private sale may
result in prices and other terms less favorable than if such sale were a public
sale and, notwithstanding such circumstances, agrees that any such private sale
shall be deemed to have been made in a commercially reasonable manner. The
Administrative Agent shall be under no obligation to delay a sale of any of the
Pledged Stock for the period of time necessary to permit the Issuer thereof to
register such securities for public sale under the Securities Act, or under
applicable state securities laws, even if such Issuer would agree to do so.

 

(b)          Each Grantor agrees to use its best efforts to do or cause to be
done all such other acts as may be necessary to make such sale or sales of all
or any portion of the Pledged Stock pursuant to this Section 6.5 valid and
binding and in compliance with any and all other applicable Requirements of Law.
Each Grantor further agrees that a breach of any of the covenants contained in
this Section 6.5 will cause irreparable injury to the Administrative Agent and
the other Secured Parties, that the Administrative Agent and the other Secured
Parties have no adequate remedy at law in respect of such breach and, as a
consequence, that each and every covenant contained in this Section 6.5 shall be
specifically enforceable against such Grantor, and such Grantor hereby waives
and agrees not to assert any defenses against an action for specific performance
of such covenants except for a defense that no Event of Default has occurred
under the Credit Agreement.

 

6.6          Waiver; Deficiency. Each Grantor shall remain liable for any
deficiency if the proceeds of any sale or other disposition of the Collateral
are insufficient to pay its Obligations and the fees and disbursements of any
attorneys employed by the Administrative Agent or any other Secured Party to
collect such deficiency.

 

SECTION 7.   THE ADMINISTRATIVE AGENT

 

7.1          Administrative Agent’s Appointment as Attorney-in-Fact, etc. (a)
Each Grantor hereby irrevocably constitutes and appoints the Administrative
Agent and any officer or agent thereof, with full power of substitution, as its
true and lawful attorney-in-fact with full irrevocable power and authority in
the place and stead of such Grantor and in the name of such Grantor or in its
own name, for the purpose of carrying out the terms of this Agreement, to take
any and all appropriate action and to execute any and all documents and
instruments which may be necessary or desirable to accomplish the purposes of
this Agreement, and, without limiting the generality of the foregoing, each
Grantor hereby gives the Administrative Agent the power and right, on behalf of
such Grantor, without notice to or assent by such Grantor, to do any or all of
the following:

 

13

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(i)            in the name of such Grantor or its own name, or otherwise, take
possession of and indorse and collect any checks, drafts, notes, acceptances or
other instruments for the payment of moneys due with respect to any Collateral
and file any claim or take any other action or proceeding in any court of law or
equity or otherwise deemed appropriate by the Administrative Agent for the
purpose of collecting any and all such moneys due with respect to any Collateral
whenever payable;

 

(ii)           pay or discharge taxes and Liens levied or placed on or
threatened against the Collateral;

 

(iii)          execute, in connection with any sale provided for in Section 6.4
or 6.5, any indorsements, assignments or other instruments of conveyance or
transfer with respect to the Collateral; and

 

(iv)          (1) direct any party liable for any payment under any of the
Collateral to make payment of any and all moneys due or to become due thereunder
directly to the Administrative Agent or as the Administrative Agent shall
direct; (2) ask or demand for, collect, and receive payment of and receipt for,
any and all moneys, claims and other amounts due or to become due at any time in
respect of or arising out of any Collateral; (3) sign and indorse any notices
and other documents in connection with any of the Collateral; (4) commence and
prosecute any suits, actions or proceedings at law or in equity in any court of
competent jurisdiction to collect the Collateral or any portion thereof and to
enforce any other right in respect of any Collateral; (5) defend any suit,
action or proceeding brought against such Grantor with respect to any
Collateral; (6) settle, compromise or adjust any such suit, action or proceeding
and, in connection therewith, give such discharges or releases as the
Administrative Agent may deem appropriate; and (7) generally, sell, transfer,
pledge and make any agreement with respect to or otherwise deal with any of the
Collateral as fully and completely as though the Administrative Agent were the
absolute owner thereof for all purposes, and do, at the Administrative Agent’s
option and such Grantor’s expense, at any time, or from time to time, all acts
and things which the Administrative Agent deems necessary to protect, preserve
or realize upon the Collateral and the Administrative Agent’s and the other
Secured Parties’ security interests therein and to effect the intent of this
Agreement, all as fully and effectively as such Grantor might do.

 

Anything in this Section 7.1(a) to the contrary notwithstanding, the
Administrative Agent agrees that it will not exercise any rights under the power
of attorney provided for in this Section 7.1(a) unless an Event of Default shall
have occurred and be continuing.

 

(b)          If any Grantor fails to perform or comply with any of its
agreements contained herein, the Administrative Agent, at its option, but
without any obligation so to do, may perform or comply, or otherwise cause
performance or compliance, with such agreement.

 

(c)          The expenses of the Administrative Agent incurred in connection
with actions undertaken as provided in this Section 7.1, together with interest
thereon at a rate per annum equal to the highest rate per annum at which
interest would then be payable on any category of past due ABR Loans under the
Credit Agreement, from the date of payment by the Administrative Agent to the
date reimbursed by the relevant Grantor, shall be payable by such Grantor to the
Administrative Agent on demand.

 

14

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(d)          Each Grantor hereby ratifies all that said attorneys shall lawfully
do or cause to be done by virtue hereof in accordance with the terms hereof. All
powers, authorizations and agencies contained in this Agreement are coupled with
an interest and are irrevocable until this Agreement is terminated and the
security interests created hereby are released.

 

7.2          Duty of Administrative Agent. The Administrative Agent’s sole duty
with respect to the custody, safekeeping and physical preservation of the
Collateral in its possession, under Section 9-207 of the New York UCC or
otherwise, shall be to deal with it in the same manner as the Administrative
Agent deals with similar property for its own account. Neither the
Administrative Agent, any other Secured Party nor any of their respective
officers, directors, employees or agents shall be liable for failure to demand,
collect or realize upon any of the Collateral or for any delay in doing so or
shall be under any obligation to sell or otherwise dispose of any Collateral
upon the request of any Grantor or any other Person or to take any other action
whatsoever with regard to the Collateral or any part thereof. The powers
conferred on the Administrative Agent and the other Secured Parties hereunder
are solely to protect the Administrative Agent’s and the other Secured Parties’
interests in the Collateral and shall not impose any duty upon the
Administrative Agent or any other Secured Party to exercise any such powers. The
Administrative Agent and the other Secured Parties shall be accountable only for
amounts that they actually receive as a result of the exercise of such powers,
and neither they nor any of their officers, directors, employees or agents shall
be responsible to any Grantor for any act or failure to act hereunder, except
for their own gross negligence or willful misconduct.

 

7.3          Execution of Financing Statements. Pursuant to any applicable law,
each Grantor authorizes the Administrative Agent to file or record financing
statements and other filing or recording documents or instruments with respect
to the Collateral without the signature of such Grantor in such form and in such
offices as the Administrative Agent determines appropriate to perfect the
security interests of the Administrative Agent under this Agreement. Each
Grantor ratifies and authorizes the filing by the Administrative Agent of any
financing statement with respect to the Collateral made prior to the date
hereof.

 

7.4          Authority of Administrative Agent. Each Grantor acknowledges that
the rights and responsibilities of the Administrative Agent under this Agreement
with respect to any action taken by the Administrative Agent or the exercise or
non-exercise by the Administrative Agent of any option, voting right, request,
judgment or other right or remedy provided for herein or resulting or arising
out of this Agreement shall, as between the Administrative Agent and the other
Secured Parties, be governed by the Credit Agreement and by such other
agreements with respect thereto as may exist from time to time among them, but,
as between the Administrative Agent and the Grantors, the Administrative Agent
shall be conclusively presumed to be acting as agent for the Secured Parties
with full and valid authority so to act or refrain from acting, and no Grantor
shall be under any obligation, or entitlement, to make any inquiry respecting
such authority.

 

SECTION 8.         MISCELLANEOUS

 

8.1          Amendments in Writing. None of the terms or provisions of this
Agreement may be waived, amended, supplemented or otherwise modified except in
accordance with Section 9.2(b) of the Credit Agreement.

 

8.2          Notices. All notices, requests and demands to or upon the
Administrative Agent or any Guarantor hereunder shall be effected in the manner
provided for in Section 9.1 of the Credit Agreement; provided that any such
notice, request or demand to or upon any Guarantor shall be addressed to such
Guarantor at its notice address set forth on Schedule 1.

 

15

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8.3          No Waiver by Course of Conduct; Cumulative Remedies. Neither the
Administrative Agent nor any other Secured Party shall by any act (except by a
written instrument pursuant to Section 8.1), delay, indulgence, omission or
otherwise be deemed to have waived any right or remedy hereunder or to have
acquiesced in any Default or Event of Default. No failure to exercise, nor any
delay in exercising, on the part of the Administrative Agent or any other
Secured Party, any right, power or privilege hereunder shall operate as a waiver
thereof. No single or partial exercise of any right, power or privilege
hereunder shall preclude any other or further exercise thereof or the exercise
of any other right, power or privilege. A waiver by the Administrative Agent or
any other Secured Party of any right or remedy hereunder on any one occasion
shall not be construed as a bar to any right or remedy which the Administrative
Agent or such Secured Party would otherwise have on any future occasion. The
rights and remedies herein provided are cumulative, may be exercised singly or
concurrently and are not exclusive of any other rights or remedies provided by
law.

 

8.4          Enforcement Expenses; Indemnification. (a) Each Guarantor agrees to
pay or reimburse the Administrative Agent and each other Secured Party for all
its costs and expenses incurred in collecting against such Guarantor under the
guarantee contained in Section 2 or otherwise enforcing or preserving any rights
under this Agreement and the other Loan Documents to which such Guarantor is a
party, including, without limitation, the reasonable fees and disbursements of
counsel (including the allocated fees and expenses of in-house counsel) to the
Administrative Agent and the Secured Parties to the extent any Borrower would be
required to do so pursuant to Section 9.3 of the Credit Agreement.

 

(b)          Each Guarantor agrees to pay, and to save the Administrative Agent
and the other Secured Parties harmless from, any and all liabilities with
respect to, or resulting from any delay in paying, any and all stamp, excise,
sales or other taxes (other than Excluded Taxes) which may be payable or
determined to be payable with respect to any of the Collateral or in connection
with any of the transactions contemplated by this Agreement.

 

(c)          Each Guarantor agrees to pay, and to save the Administrative Agent
and the other Secured Parties harmless from, any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever with respect to the
execution, delivery, enforcement, performance and administration of this
Agreement to the extent any Borrower would be required to do so pursuant to
Section 9.3 of the Credit Agreement.

 

(d)          The agreements in this Section 8.4 shall survive repayment of the
Obligations and all other amounts payable under the Credit Agreement and the
other Loan Documents.

 

8.5          Successors and Assigns. This Agreement shall be binding upon the
successors and assigns of each Guarantor and shall inure to the benefit of the
Administrative Agent and the other Secured Parties and their successors and
permitted assigns; provided that no Guarantor may assign, transfer or delegate
any of its rights or obligations under this Agreement without the prior written
consent of the Administrative Agent.

 

8.6          Set-Off. If an Event of Default shall have occurred and be
continuing, each Guarantor hereby irrevocably authorizes the Administrative
Agent and after obtaining the prior written consent of the Administrative Agent,
each other Secured Party upon any amount becoming due and payable by any
Borrower under the Credit Agreement (whether at the stated maturity, by
acceleration or otherwise), without notice to such Guarantor or any other
Guarantor, any such notice being expressly waived by each Guarantor, to set-off
and appropriate and apply 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

 

16

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each case whether direct or indirect, absolute or contingent, matured or
unmatured, at any time held or owing by the Administrative Agent or such Secured
Party to or for the credit or the account of such Guarantor, or any part thereof
in such amounts as the Administrative Agent or such Secured Party may elect,
against and on account of the obligations and liabilities of such Guarantor to
the Administrative Agent or such Secured Party hereunder, in any currency,
whether arising hereunder, under the Credit Agreement, any other Loan Document
or otherwise, as the Administrative Agent or such Secured Party may elect,
whether or not the Administrative Agent or any other Secured Party has made any
demand for payment and although such obligations, liabilities and claims may be
contingent or unmatured. The Administrative Agent and each other Secured Party
shall notify such Guarantor promptly of any such set-off and the application
made by the Administrative Agent or such Secured Party of the proceeds thereof,
provided that the failure to give such notice shall not affect the validity of
such set-off and application. The rights of the Administrative Agent and each
other Secured Party under this Section 8.6 are in addition to other rights and
remedies (including, without limitation, other rights of set-off) which the
Administrative Agent or such Secured Party may have.

 

8.7          Counterparts. This Agreement may be executed by one or more of the
parties to this Agreement on any number of separate counterparts (including by
telecopy), and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

 

8.8          Severability. Any provision of this Agreement which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

 

8.9          Section Headings. The Section headings used in this Agreement are
for convenience of reference only and are not to affect the construction hereof
or be taken into consideration in the interpretation hereof.

 

8.10       Integration. This Agreement and the other Loan Documents represent
the agreement of the Guarantors, the Administrative Agent and the other Secured
Parties with respect to the subject matter hereof and thereof, and there are no
promises, undertakings, representations or warranties by the Administrative
Agent or any other Secured Party relative to subject matter hereof and thereof
not expressly set forth or referred to herein or in the other Loan Documents.

 

8.11       GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATION LAW).

 

8.12       Submission To Jurisdiction; Waivers. Each Guarantor hereby
irrevocably and unconditionally:

 

(a)          submits for itself and its property in any legal action or
proceeding relating to this Agreement and the other Loan Documents to which it
is a party, or for recognition and enforcement of any judgment in respect
thereof, to the non-exclusive general jurisdiction of the Courts of the State of
New York sitting in New York County, the United States District Court for the
Southern District of New York, and appellate courts from any thereof;

 

(b)          consents that any such action or proceeding may be brought in such
courts and waives any objection that it may now or hereafter have to the venue
of any such action or

 

17

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proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

 

(c)          agrees that service of process in any such action or proceeding may
be effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to such Guarantor at its
address referred to in Section 8.2 or at such other address of which the
Administrative Agent shall have been notified pursuant thereto;

 

(d)          agrees that nothing herein shall affect the right to effect service
of process in any other manner permitted by law or shall limit the right to sue
in any other jurisdiction; and

 

(e)          waives, to the maximum extent not prohibited by law, any right it
may have to claim or recover in any legal action or proceeding referred to in
this Section any special, exemplary, punitive or consequential damages.

 

8.13       Acknowledgements. Each Guarantor hereby acknowledges that:

 

(a)          it has been advised by counsel in the negotiation, execution and
delivery of this Agreement and the other Loan Documents to which it is a party;

 

(b)          neither the Administrative Agent nor any other Secured Party has
any fiduciary relationship with or duty to any Guarantor arising out of or in
connection with this Agreement or any of the other Loan Documents, and the
relationship between the Guarantors, on the one hand, and the Administrative
Agent and the other Secured Parties, 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
Secured Parties or among the Guarantors and the Secured Parties.

 

8.14       Additional Guarantors and Grantors. Each Subsidiary of the Parent
Borrower that is required to become a party to this Agreement pursuant to
Section 5.11 of the Credit Agreement shall become a Guarantor and, to the extent
required by Section 5.11 of the Credit Agreement, a Grantor for all purposes of
this Agreement upon execution and delivery by such Subsidiary of an Assumption
Agreement in the form of Annex 2 hereto.

 

8.15       Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

8.16        JUDGMENT CURRENCY.

 

(a)           The Guarantors’ obligations hereunder and under the other Loan
Documents to make payments in a specified currency (the “Obligation Currency”)
shall not be discharged or satisfied by any tender or recovery pursuant to any
judgment expressed in or converted into any currency other than the Obligation
Currency, except to the extent that such tender or recovery results in the
effective receipt by the applicable Agent or a Lender of the full amount of the
Obligation Currency expressed to be payable to the applicable Agent or such
Lender under this Agreement or the other Loan Documents. If, for the purpose of
obtaining or enforcing judgment against any Guarantor in any court or in any
jurisdiction, it becomes necessary to convert into or from any currency other
than the Obligation Currency (such other

 

18

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currency being hereinafter referred to as the “Judgment Currency”) an amount due
in the Obligation Currency, the conversion shall be made, at the rate of
exchange (as quoted by the Administrative Agent or if the Administrative Agent
does not quote a rate of exchange on such currency, by a known dealer in such
currency designated by the Administrative Agent) determined, in each case, as of
the Business Day immediately preceding the date on which the judgment is given
(such Business Day being hereinafter referred to as the “Judgment Currency
Conversion Date”).

 

(b)           If there is a change in the rate of exchange prevailing between
the Judgment Currency Conversion Date and the date of actual payment of the
amount due, the Guarantors covenant and agree to pay, or cause to be paid, such
additional amounts, if any (but in any event not a lesser amount), as may be
necessary to ensure that the amount paid in the Judgment Currency, when
converted at the rate of exchange prevailing on the date of payment, will
produce the amount of the Obligation Currency which could have been purchased
with the amount of Judgment Currency stipulated in the judgment or judicial
award at the rate of exchange prevailing on the Judgment Currency Conversion
Date.

 

(c)           For purposes of determining any rate of exchange or currency
equivalent for this Section, such amounts shall include any premium and costs
payable in connection with the purchase of the Obligation Currency.

 

[SIGNATURE PAGES FOLLOW]

 

19

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IN WITNESS WHEREOF, the parties hereto have caused this Guarantee and Collateral
Agreement to be duly executed as of the date first above written.

 

GRANTORS:

 

SPX CORPORATION,

 

 

a Delaware corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

ENGINEERING ANALYSIS ASSOCIATES, INC.

 

 

a Michigan corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

KAYEX CHINA HOLDINGS, INC.

 

 

a Delaware corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

LDS TEST AND MEASUREMENT LLC

 

 

a Delaware limited liability company

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

MARLEY ENGINEERED PRODUCTS LLC

 

 

a Delaware limited liability company

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

MCT SERVICES LLC

 

 

a Delaware limited liability company

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

P.S.D., INC.,

 

 

a Ohio corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

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

 

 

 

SPX COOLING TECHNOLOGIES, INC.

 

 

a Delaware corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

TCI INTERNATIONAL, INC.

 

 

a Delaware corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

THE MARLEY-WYLAIN COMPANY

 

 

a Delaware corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

VALLEY FORGE TECHNICAL INFORMATION SERVICES, INC.

 

 

a Michigan corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

WAUKESHA ELECTRIC SYSTEMS, INC.

 

 

a Wisconsin corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

XCEL ERECTORS, INC.

 

 

a Delaware corporation

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

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

 

Annex 1 to

 

Guarantee and Collateral Agreement

 

ACKNOWLEDGEMENT AND CONSENT***

 

1.             The undersigned hereby acknowledges receipt of a copy of the
Guarantee and Collateral Agreement dated as of September 21, 2007 (the
“Agreement”), made by the Guarantors and Grantors parties thereto for the
benefit of Bank of America, N.A., as Administrative Agent, on behalf of the
Secured Parties. Capitalized terms are used herein as defined in the Agreement.

 

2.             The undersigned is an Issuer of Pledged Stock. The undersigned is
not a Guarantor and is not a Grantor.

 

3.             The undersigned agrees for the benefit of the Administrative
Agent and the Secured Parties as follows:

 

(a)           The undersigned consents to the terms of Sections 5.6, 6.1, 6.5,
8.2 and 8.11 of the Agreement, insofar as such terms apply to the Pledged Stock
issued by the undersigned, and will comply with such terms insofar as such terms
are applicable to the Pledged Stock issued by the undersigned.

 

(b)           The undersigned will notify the Administrative Agent promptly (but
not later than the next Collateral Date) in writing of the occurrence of any of
the events described in Section 5.6(a) of the Agreement with respect to the
Pledged Stock issued by the undersigned.

 

(c)           The terms of Sections 6.1(c) and 6.5 of the Agreement shall apply
to it, mutatis mutandis, with respect to all actions that may be required of it
pursuant to Section 6.1(c) or 6.5 of the Agreement with respect to the Pledged
Stock issued by the undersigned.

 

4.             Any obligations of the undersigned under this Acknowledgement and
Consent are limited to the extent prohibited by applicable Requirements of Law.

 

 

[NAME OF ISSUER]

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

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***          This consent is necessary only with respect to any Issuer which is
not also a Guarantor or Grantor. This consent may be modified or eliminated with
respect to any Issuer that is not controlled by a Guarantor or Grantor.

 

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

 

 

Address for Notices:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fax:

 

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

 

Annex 2 to

 

Guarantee and Collateral Agreement

 

ASSUMPTION AGREEMENT, dated as of                                , made
by                                  , a                        [corporation]
(the “Additional Grantor”),

 

in favor of Bank of America, N.A., as administrative agent (in such capacity,
the “Administrative Agent”) for the banks and other financial institutions (the
“Lenders”) parties to the Credit Agreement referred to below. All capitalized
terms not defined herein shall have the meaning ascribed to them in such Credit
Agreement.

 

W I T N E S S E T H:

 

WHEREAS, SPX CORPORATION (the “Parent Borrower”), the Foreign Subsidiary
Borrowers from time to time parties thereto (together with the Parent Borrower,
the “Borrowers”), the Lenders, the Administrative Agent and Deutsche Bank AG
Deutschlandgeschäft Branch, as foreign trade facility agent (in such capacity,
the “Foreign Trade Facility Agent”) have entered into a Credit Agreement, dated
as of September 21, 2007 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”);

 

WHEREAS, in connection with the Credit Agreement, the Borrowers and certain of
their Subsidiaries (other than the Additional Grantor) have entered into the
Guarantee and Collateral Agreement, dated as of September 21, 2007 (as amended,
supplemented or otherwise modified from time to time, the “Guarantee and
Collateral Agreement”) in favor of the Administrative Agent for the benefit of
the Secured Parties (as defined in the Guarantee and Collateral Agreement);

 

WHEREAS, the Credit Agreement requires the Additional Grantor to become a party
to the Guarantee and Collateral Agreement; and

 

WHEREAS, the Additional Grantor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Guarantee and Collateral
Agreement;

 

NOW, THEREFORE, IT IS AGREED:

 

1.             Guarantee and Collateral Agreement.  By executing and delivering
this Assumption Agreement, the Additional Grantor, as provided in Section 8.14
of the Guarantee and Collateral Agreement, hereby becomes a party to the
Guarantee and Collateral Agreement as a Grantor thereunder with the same force
and effect as if originally named therein as a Grantor and, without limiting the
generality of the foregoing, hereby expressly assumes all obligations and
liabilities of a Grantor thereunder. The information set forth in Annex 2-A
hereto is hereby added to the information set forth in the Schedules to the
Guarantee and Collateral Agreement. The Additional Grantor hereby represents and
warrants that each of the representations and warranties contained in Section 4
of the Guarantee and Collateral Agreement is true and correct in all material
respects on and as the date hereof (after giving effect to this Assumption
Agreement) as if made on and as of such date.

 

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

 

2.             Governing Law.  THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATION
LAW).

 

IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be
duly executed and delivered as of the date first above written.

 

 

[ADDITIONAL GRANTOR]

 

 

 

By:

 

 

 

 

 

Name:

 

 

 

Title:

 

 

Accepted and agreed to as of the date first above written.

 

BANK OF AMERICA, N.A.,

as Administrative Agent

 

By:

 

 

Name:

Title:

 

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

 

Annex 2-A to

 

Assumption Agreement

 

Supplement to Schedule 1

 

Supplement to Schedule 2

 

Supplement to Schedule 3

 

Supplement to Schedule 4

 

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

 

EXHIBIT B

 

[FORM OF]

CLOSING CERTIFICATE

 

I, the undersigned, do hereby certify that I am the duly elected and qualified
[President/Executive Vice President/Chief Financial Officer] of [Name of Loan
Party], a [corporation] organized and existing under the laws of [the State
of]                                  (the “Company”) and do hereby certify on
behalf of the Company that:

 

1.             This Certificate is furnished pursuant to the Credit Agreement,
dated as of September 20, 2007, among SPX Corporation, a Delaware corporation
(the “Parent Borrower”), the Foreign Subsidiary Borrowers party thereto, the
Lenders party thereto, Bank of America, N.A., as Administrative Agent and
Deutsche Bank AG Deutschlandgeschäft Branch, as Foreign Trade Facility Agent
(such Credit Agreement, as in effect on the date of this Certificate, being
herein called the “Credit Agreement”). Unless otherwise defined herein,
capitalized terms used in this Certificate shall have the meanings set forth in
the Credit Agreement.

 

2.             The following named individuals are elected or appointed officers
of the Company, each holds the office of the Company set forth opposite his name
and each such officer is duly authorized to execute and deliver on behalf of the
Company each of the Loan Documents to which it is a party and any certificate or
other document to be delivered by the Company pursuant to the Loan Documents to
which it is a party. The signature written opposite the name and title of each
such officer is his/her genuine signature.

 

Name(1)

 

Office

 

Signature

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.             Attached hereto as Exhibit A is a true, complete and certified
copy of the Certificate of [Incorporation] [Formation] of the Company as in
effect on the date hereof and as filed in the Office of the Secretary of State
of [the State of]                        , together with all amendments thereto
adopted through the date hereof.

 

4.             Attached hereto as Exhibit B is a true and correct copy of the
[By-Laws] [limited liability company agreement], together with all amendments
thereto, of the Company which [were] [was] duly adopted and [are] [is] in full
force and effect on the date hereof.

 

5.             Attached hereto as Exhibit C is a true and correct copy of
resolutions approving the execution, delivery and performance of the Credit
Agreement and the other Loan Documents relating thereto, which were duly
adopted on                     ,         [by unanimous written consent of the

 

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

(1)                                Include name, office and signature of each
officer who will sign any Loan Document, including the officer who will sign the
certification at the end of this Certificate or related documentation.

 

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

 

[Board of Directors] [Managers] of the Company] [by a meeting of the [Board of
Directors] [Managers] of the Company at which a quorum was present and acting
throughout], and said resolutions have not been rescinded, amended or modified.
Except as attached hereto as Exhibit C, no resolutions have been adopted by the
[Board of Directors] [Managers] of the Company which deal with the execution,
delivery or performance of any of the Loan Documents to which the Company is
party.

 

6.             On the date hereof, all of the conditions set forth in
Sections 4.2(a) and (b) of the Credit Agreement have been satisfied.

 

7.             On the date hereof, the representations and warranties [of each
Loan Party] [of the Company](1) set forth in the Credit Agreement and in the
other Loan Documents are true and correct with the same effect as though such
representations and warranties had been made on the date hereof.

 

8.             On the date hereof, no Default or Event of Default has occurred
and is continuing or would result from any Borrowing to occur on the date hereof
or the application of the proceeds thereof, or the issuance of any Letter of
Credit or Foreign Credit Instrument to occur on the date hereof, as applicable.

 

9.             There is no proceeding for the dissolution or liquidation of the
Company or threatening its existence.

 

IN WITNESS WHEREOF, I have hereunto set my hand this        day of September,
2007.

 

 

 

[NAME OF LOAN PARTY]

 

 

By:

 

 

 

Name:

 

Title:

 

I, the undersigned, [Secretary/Assistant Secretary] of the Company, do hereby
certify that:

 

10.           [Name of Person making above certifications] is the duly elected
and qualified [President/Executive Vice President/Chief Financial Officer] of
the Company and the signature above is his genuine signature.

 

11.           The certifications made by [name of Person making above
certifications] in Items 2, 3, 4, 5, 6, 7, 8 and 9 above are true and correct.

 

IN WITNESS WHEREOF, I have hereunto set my hand this        day of September,
2007.

 

 

[NAME OF LOAN PARTY]

 

 

By:

 

 

 

Name:

 

Title:

 

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

(1)                                The Parent Borrower brings down the
representations and warranties for each Loan Party, and each other Loan Party
brings down the representations and warranties made by it.

 

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

 

EXHIBIT C

 

[FORM OF]

ASSIGNMENT AND ASSUMPTION

 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of
the Effective Date set forth below and is entered into by and between
[the][each] Assignor identified in item 1 below ([the][each, an] “Assignor”) and
[the][each] Assignee identified in item 2 below ([the][each, an] “Assignee”).
[It is understood and agreed that the rights and obligations of [the
Assignors][the Assignees] hereunder are several and not joint.] Capitalized
terms used but not defined herein shall have the meanings given to them in the
Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of
which is hereby acknowledged by the Assignee. The Standard Terms and Conditions
set forth in Annex 1 attached hereto are hereby agreed to and incorporated
herein by reference and made a part of this Assignment and Assumption as if set
forth herein in full.

 

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and
assigns to [the Assignee][the respective Assignees], and [the][each] Assignee
hereby irrevocably purchases and assumes from [the Assignor][the respective
Assignors], subject to and in accordance with the Standard Terms and Conditions
and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of [the Assignor’s][the
respective Assignors’] rights and obligations in [its capacity as a
Lender][their respective capacities as Lenders] under the Credit Agreement and
any other documents or instruments delivered pursuant thereto to the extent
related to the amount and percentage interest identified below of all of such
outstanding rights and obligations of [the Assignor][the respective Assignors]
under the respective facilities identified below (including, without limitation,
the Letters of Credit and the Swingline Loans included in such facilities) and
(ii) to the extent permitted to be assigned under applicable law, all claims,
suits, causes of action and any other right of [the Assignor (in its capacity as
a Lender)][the respective Assignors (in their respective capacities as Lenders)]
against any Person, whether known or unknown, arising under or in connection
with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or
related to any of the foregoing, including, but not limited to, contract claims,
tort claims, malpractice claims, statutory claims and all other claims at law or
in equity related to the rights and obligations sold and assigned pursuant to
clause (i) above (the rights and obligations sold and assigned by [the][any]
Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being
referred to herein collectively as [the][an] “Assigned Interest”). Each such
sale and assignment is without recourse to [the][any] Assignor and, except as
expressly provided in this Assignment and Assumption, without representation or
warranty by [the][any] Assignor.

 

 

1.

Assignor[s]:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

Assignee[s]:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]

 

 

 

 

3.

Parent Borrower: 

 

SPX Corporation

 

 

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

 

4.                                       Administrative Agent: Bank of America,
N.A., as the administrative agent under the Credit Agreement

 

5.                                       Credit Agreement:       Credit
Agreement, dated as of September 20, 2007 by and among SPX Corporation, a
Delaware corporation (as the “Parent Borrower”), the Foreign Subsidiary
Borrowers from time to time party thereto (the “Foreign Subsidiary Borrowers”
and together with the Parent Borrower, the “Borrowers”) the Lenders from time to
time party thereto, Bank of America, N.A., as Administrative Agent and Deutsche
Bank AG Deutschlandgeschäft Branch, as Foreign Trade Facility Agent

 

6.                                       Assigned Interest:

 

Assignor[s](1)

 

Assignee[s](2)

 

Facility
Assigned(3)

 

Aggregate
Amount of 
Commitment/Loans 
for all Lenders(4)

 

Amount of
Commitmen
t/Loans
Assigned

 

Percentage
Assigned of
Commitment/
Loans(5)

 

 

 

 

 

_______________

 

$

_____________

 

$

_____________

 

_______________

%

 

 

 

 

_______________

 

$

_____________

 

$

_____________

 

_______________

%

 

 

 

 

_______________

 

$

_____________

 

$

_____________

 

_______________

%

 

[7.            Trade Date:                             ](6)

 

Effective Date:                         , 20    [TO BE INSERTED BY
ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF
TRANSFER IN THE REGISTER THEREFOR.]

 

The terms set forth in this Assignment and Assumption are hereby agreed to:

 

 

ASSIGNOR

 

[NAME OF ASSIGNOR]

 

 

 

By:

 

 

 

 

Title:

 

 

 

 

ASSIGNEE

 

[NAME OF ASSIGNEE]

 

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

(1)           List each Assignor, as appropriate.

(2)           List each Assignee, as appropriate.

(3)           Fill in the appropriate terminology for the types of facilities
under the Credit Agreement that are being assigned under this Assignment (e.g.
“Revolving Commitment”, “Term Loan Commitment”, etc.).

(4)           Amounts in this column and in the column immediately to the right
to be adjusted by the counterparties to take into account any payments or
prepayments made between the Trade Date and the Effective Date.

(5)           Set forth, to at least 9 decimals, as a percentage of the
Commitment/Loans of all Lenders thereunder.

(6)           To be completed if the Assignor and the Assignee intend that the
minimum assignment amount is to be determined as of the Trade Date.

 

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

 

 

By:

 

 

 

 

Title:

 

[Consented to and](1) Accepted:

 

 

 

BANK OF AMERICA, N.A., as

 

Administrative Agent

 

 

 

By:

 

 

 

 

Title:

 

 

 

[Consented to:](2)

 

 

 

By:

 

 

 

 

Title:

 

 

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

(1)           To be added only if the consent of the Administrative Agent is
required by the terms of the Credit Agreement.

(2)           To be added only if the consent of the Parent Borrower and/or
other parties (e.g. Swingline Lender, Issuing Lender, etc.) is required by the
terms of the Credit Agreement.

 

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

 

ANNEX 1 TO ASSIGNMENT AND ASSUMPTION

 

STANDARD TERMS AND CONDITIONS FOR

 

ASSIGNMENT AND ASSUMPTION

 

1.                                       Representations and Warranties.

 

1.1.                              Assignor. [The][Each] Assignor (a) represents
and warrants that (i) it is the legal and beneficial owner of [the][[the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and
clear of any lien, encumbrance or other adverse claim and (iii) it has full
power and authority, and has taken all action necessary, to execute and deliver
this Assignment and Assumption and to consummate the transactions contemplated
hereby; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the Credit Agreement
or any other Loan Document, (ii) the execution, legality, validity,
enforceability, genuineness, sufficiency or value of the Loan Documents or any
collateral thereunder, (iii) the financial condition of the Parent Borrower, any
of its Subsidiaries or Affiliates or any other Person obligated in respect of
any Loan Document or (iv) the performance or observance by the Parent Borrower,
any of its Subsidiaries or Affiliates or any other Person of any of their
respective obligations under any Loan Document.

 

1.2.                              Assignee. [The][Each] Assignee (a) represents
and warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to
consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it meets all the requirements to be an assignee under
Section 9.4(b)(iv) and (v) of the Credit Agreement (subject to such consents, if
any, as may be required under Section 9.4(b)(ii) of the Credit Agreement), (iii)
from and after the Effective Date, it shall be bound by the provisions of the
Credit Agreement as a Lender thereunder and, to the extent of [the][the
relevant] Assigned Interest, shall have the obligations of a Lender thereunder,
(iv) it is sophisticated with respect to decisions to acquire assets of the type
represented by [the][such] Assigned Interest and either it, or the Person
exercising discretion in making its decision to acquire [the][such] Assigned
Interest, is experienced in acquiring assets of such type, (v) it has received a
copy of the Credit Agreement, and has received or has been accorded the
opportunity to receive copies of the most recent financial statements delivered
pursuant to Section 5.1 thereof, as applicable, and such other documents and
information as it deems appropriate to make its own credit analysis and decision
to enter into this Assignment and Assumption and to purchase [the][such]
Assigned Interest, (vi) it has, independently and without reliance upon the
Administrative Agent 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 Assignment and Assumption and to purchase
[the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached
hereto is any documentation required to be delivered by it pursuant to the terms
of the Credit Agreement, duly completed and executed by [the][such] Assignee;
and (b) agrees that (i) it will, independently and without reliance upon the
Administrative Agent, [the][any] Assignor 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 the Loan
Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be
performed by it as a Lender.

 

2.                                       Payments. From and after the Effective
Date, the Administrative Agent shall make all payments in respect of [the][each]
Assigned Interest (including payments of principal, interest, fees and other
amounts) to [the][the relevant] Assignor for amounts which have accrued to but
excluding the Effective Date and to [the][the relevant] Assignee for amounts
which have accrued from and after the Effective Date.

 

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

 

3.                                       General Provisions. This Assignment and
Assumption shall be binding upon, and inure to the benefit of, the parties
hereto and their respective successors and assigns. This Assignment and
Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature
page of this Assignment and Assumption by telecopy shall be effective as
delivery of a manually executed counterpart of this Assignment and Assumption.
This Assignment and Assumption shall be governed by, and construed in accordance
with, the law of the State of New York.

 

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

 

EXHIBIT D

 

[FORM OF]
CERTIFICATE RE NON-BANK STATUS

 

Reference is made to that certain Credit Agreement dated as of September 20,
2007 (as the same may be amended, supplemented or otherwise modified from time
to time, the “Credit Agreement”), by and among SPX Corporation, a Delaware
corporation (the “Parent Borrower”), the Foreign Subsidiary Borrowers party
thereto, the financial institutions listed therein as Lenders, Bank of America,
N.A., as Administrative Agent, Deutsche Bank AG Deutschlandgeschäft Branch, as
Foreign Trade Facility Agent and the other agents party thereto. Capitalized
terms used herein that are not defined herein shall have the meanings ascribed
to them in the Credit Agreement. [Name of Non-U.S. Person] (the “Lender”) is
providing this certificate pursuant to subsection 2.19(e)(B) of the Credit
Agreement. The Lender hereby represents and warrants that:

 

(i)                                   The Lender is the sole record and
beneficial owner of the Note(s) in respect of which it is providing this
certificate and it shall remain the sole beneficial owner of the Notes at all
times during which it is the record holder of such Note.

 

(ii)                                The Lender is not a “bank” for purposes of
Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the
“Code”). In this regard, the Lender represents and warrants that:

 

(a)                                  the Lender is not subject to regulatory or
other legal requirements as a bank in any jurisdiction; and

 

(b)                                 the Lender has not been treated as a bank
for purposes of any tax, securities law or other filing or submission made to
any governmental authority, any application made to a rating agency or
qualification for any exemption from tax, securities law or other legal
requirements.

 

(iii)                               The Lender meets all of the requirements
under Code Section 871(h) or 881(c) to be eligible for a complete exemption from
withholding of Taxes on interest payments made to it under the Credit Agreement
(i.e., no Borrower will be required to withhold any amounts under U.S. tax law
with respect to such interest payments), including without limitation that it is
not a 10-percent shareholder (within the meaning of Section 871(h)(3)(B) or the
Code) of the Parent Borrower and is not a controlled foreign corporation related
to the Parent Borrower (within the meaning of Section 864(d)(4) of the Code).

 

(iv)                              The Lender shall promptly notify the Parent
Borrower and the Administrative Agent if any of the representations and
warranties made herein are no longer true and correct.

 

IN WITNESS WHEREOF, the undersigned has duly executed this certificate as of the
    day of                                       ,      .

 

 

[NAME OF LENDER]

 

 

 

By:

 

 

 

Name:

 

 

Title:

 

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

 

EXHIBIT E

 

[FORM OF]
BORROWING SUBSIDIARY AGREEMENT(1)

 

BORROWING SUBSIDIARY AGREEMENT, dated as of
                                                  20      (this “Agreement”),
among [NAME OF FOREIGN SUBSIDIARY BORROWER], a
                                                      (the “Subsidiary”), SPX
CORPORATION, a Delaware corporation (the “Parent Borrower”), [DEUTSCHE BANK AG
DEUTSCHLANDGESCHÄFT BRANCH, as foreign trade facility agent (in such capacity,
the “Foreign Trade Facility Agent”),] and BANK OF AMERICA, N.A., as
administrative agent (in such capacity, the “Administrative Agent”) for the
several banks and other financial institutions or entities (the “Lenders”) from
time to time parties to the Credit Agreement, dated as of September 20, 2007 (as
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among the Parent Borrower, the Foreign Subsidiary Borrowers
(as defined in the Credit Agreement) from time to time parties thereto, the
Lenders, the Administrative Agent and the Foreign Trade Facility Agent.

 

The parties hereto hereby agree as follows:

 

1.                                     Capitalized terms used herein but not
otherwise defined herein shall have the meanings assigned to such terms in the
Credit Agreement.

 

2.                                     Pursuant to Section 2.23[(a)][(b)] of the
Credit Agreement, the Parent Borrower hereby designates the Subsidiary as a
Foreign Subsidiary Borrower in respect of the [Global Revolving
Facility][Foreign Trade Facility] under the Credit Agreement.

 

3.                                     The Parent Borrower and the Subsidiary,
jointly and severally, represent and warrant that the representations and
warranties contained in the Credit Agreement are true and correct on and as of
the date hereof to the extent such representations and warranties relate to the
Subsidiary and this Agreement.

 

4.                                     The Parent Borrower agrees that the
guarantee of the Parent Borrower contained in the Guarantee and Collateral
Agreement will apply to the obligations of the Subsidiary as a Foreign
Subsidiary Borrower.

 

5.                                     For the avoidance of doubt, each party
hereto acknowledges and agrees that (a) the Subsidiary shall not be liable for
the Obligations of any other Loan Party and (b) the Obligations of the
Subsidiary in respect of extensions of credit under the Credit Agreement shall
not be secured by any assets of such Subsidiary.

 

6.                                     Upon execution of this Agreement by the
Parent Borrower, the Subsidiary[, the Foreign Trade Facility Agent], the
Administrative Agent and the Global Revolving Lenders, (a) the Subsidiary shall
be a party to the Credit Agreement and shall be a Foreign Subsidiary Borrower
and a Borrower, in each case under the [Global Revolving Facility] [Foreign
Trade Facility], for all purposes thereof, and (b) the Subsidiary hereby agrees
to be bound by all provisions of the Credit Agreement.

 

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

(1) The following agreement may be subject to adjustments that are customary for
similar agreements entered into in the Foreign Subsidiary Borrower’s
jurisdiction of organization or formation, provided that such adjustments are,
in the reasonable opinion of counsel to such Borrower, required for the validity
or enforceability of such agreement and are reasonably satisfactory to the
Administrative Agent

 

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

 

7.                                     In the event of any inconsistency between
the terms and conditions of the Credit Agreement and the terms and conditions of
this Agreement, any form of [Letter of Credit] [Foreign Credit Instrument]
application or other agreement submitted by a Borrower to, or entered into by a
Borrower with, the applicable [Foreign] Issuing Lender relating to any [Letter
of Credit] [Foreign Credit Instrument], the terms and conditions of the Credit
Agreement shall control.

 

8.                                     This Agreement shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York.

 

9.                                     This Agreement may be executed in any
number of counterparts (including by facsimile transmission), each of which
shall be an original, and all of which, when taken together, shall constitute
one agreement.

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by their authorized officers as of the date first appearing above.

 

 

 

 

 

[SUBSIDIARY]

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

 

 

 

SPX CORPORATION

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

 

 

 

 

 

[DEUTSCHE BANK AG
DEUTSCHLANDGESCHÄFT BRANCH],

 

 

as Foreign Trade Facility Agent

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:]

 

 

 

 

 

BANKOF AMERICA, N.A.,

 

 

as Administrative Agent

 

 

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

 

 

Address for notices to Subsidiary:

 

 

 

 

 

 

 

 

 

 

 

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

 

EXHIBIT F

 

[FORM OF]
BORROWING SUBSIDIARY TERMINATION

 

BANK OF AMERICA, N.A.,

as Administrative Agent

 

 

 

 

 

[DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,

as Foreign Trade Facility Agent

 

 

 

]

 

[Date]

 

Ladies and Gentlemen:

 

Reference is hereby made to the Credit Agreement, dated as of September 20, 2007
(as amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among SPX Corporation, a Delaware corporation (the “Parent
Borrower”), the Foreign Subsidiary Borrowers from time to time parties thereto,
the Lenders from time to time parties thereto, Bank of America, N.A., as
Administrative Agent and Deutsche Bank AG Deutschlandgeschäft Branch, as Foreign
Trade Facility Agent. Unless otherwise defined herein, capitalized terms used
herein shall have the meanings set forth in the Credit Agreement.

 

[The Parent Borrower hereby terminates the status and rights of
                                     (the “Terminated Subsidiary Borrower”) as a
Foreign Subsidiary Borrower under the Global Revolving Facility. [The Parent
Borrower represents and warrants that no Letters of Credit issued for the
account of the Terminated Subsidiary Borrower are outstanding as of the date
hereof (other than Letters of Credit that have been cash collateralized in a
manner consistent with the terms of Section 2.5(j) of the Credit Agreement),
that no Loans made to the Terminated Subsidiary Borrower are outstanding as of
the date hereof and that all Obligations payable by the Terminated Subsidiary
Borrower in respect of interest and/or fees under the Global Revolving Facility
(and, to the extent notified by the Administrative Agent or any Lender, any
other amounts payable by the Terminated Subsidiary Borrower under the Global
Revolving Facility) and all LC Disbursements pursuant to the Credit Agreement
have been paid in full on or prior to the date hereof.] [The Parent Borrower
acknowledges that the Terminated Subsidiary Borrower shall continue to be a
Foreign Subsidiary Borrower under the Global Revolving Facility until such time
as all Letters of Credit issued for the account of the Terminated Subsidiary
Borrower shall have expired or terminated (or been cash collateralized in a
manner consistent with the terms of Section 2.5(j) of the Credit Agreement), all
Loans made to the Terminated Subsidiary Borrower shall have been prepaid and all
amounts payable by the Terminated Subsidiary Borrower in respect of interest
and/or fees under the Global Revolving Facility (and, to the extent notified by
the Administrative Agent or any Lender, any other amounts payable by the
Terminated Subsidiary Borrower under the Global Revolving Facility) and all LC
Disbursements pursuant to the Credit Agreement shall have been paid in full,
provided that the Terminated Subsidiary Borrower shall not have the right to
make further borrowings as a Foreign Subsidiary Borrower under the Global
Revolving Facility or request further Letters of Credit.]]

 

[The Parent Borrower hereby terminates the status and rights of
                                    (the “Terminated Subsidiary Borrower”) as a
Foreign Subsidiary Borrower under the Foreign Trade Facility.

 

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

 

[The Parent Borrower represents and warrants that no Foreign Credit Instruments
issued for the account of the Terminated Subsidiary Borrower are outstanding as
of the date hereof (other than Foreign Credit Instruments that have been cash
collateralized or otherwise supported in a manner consistent with the terms of
Section 2.6(o)(iv) of the Credit Agreement) and that all Obligations payable by
the Terminated Subsidiary Borrower in respect of Foreign Credit Disbursements
and/or fees under the Foreign Trade Facility (and, to the extent notified by the
Foreign Trade Facility Agent, the Administrative Agent or any Lender, any other
amounts payable by the Terminated Subsidiary Borrower under the Foreign Trade
Facility) pursuant to the Credit Agreement have been paid in full on or prior to
the date hereof.] [The Parent Borrower acknowledges that the Terminated
Subsidiary Borrower shall continue to be a Foreign Subsidiary Borrower under the
Foreign Trade Facility until such time as all Foreign Credit Instruments issued
for the account of the Terminated Subsidiary Borrower shall have expired or
terminated (or been cash collateralized or otherwise supported in a manner
consistent with the terms of Section 2.6(o)(iv) of the Credit Agreement) and all
Obligations payable by the Terminated Subsidiary Borrower in respect of Foreign
Credit Disbursements and/or fees under the Foreign Trade Facility (and, to the
extent notified by Foreign Trade Facility Agent, the Administrative Agent or any
Lender, any other amounts payable by the Terminated Subsidiary Borrower under
the Foreign Trade Facility) pursuant to the Credit Agreement shall have been
paid in full, provided that the Terminated Subsidiary Borrower shall not have
the right to request further Foreign Credit Instruments or other extensions of
credit as a Foreign Subsidiary Borrower under the Foreign Trade Facility.]]

 

This Borrowing Subsidiary Termination shall be governed by, and construed and
interpreted in accordance with, the laws of the State of New York. This
Borrowing Subsidiary Termination may be executed in any number of counterparts,
each of which shall be an original, and all of which, when taken together, shall
constitute one agreement. Delivery of an executed signature page of this
Borrowing Subsidiary Termination by facsimile transmission shall be effective as
delivery of a manually executed counterpart hereof.

 

 

Very truly yours,

 

 

SPX CORPORATION

 

 

By:

 

 

 

 

Title:

 

Acknowledged and Agreed:

 

[TERMINATED SUBSIDIARY BORROWER]

 

By:

 

 

 

Title:

 

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

 

EXHIBIT G

 

[FORM OF]
INCREMENTAL FACILITY ACTIVATION NOTICE

 

To:                              BANK OF AMERICA, N.A.,

as Administrative Agent under the Credit Agreement referred to below

 

Reference is hereby made to the Credit Agreement, dated as of September 20, 2007
(as amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among SPX Corporation, a Delaware corporation (the “Parent
Borrower”), the Foreign Subsidiary Borrowers from time to time parties thereto,
the Lenders from time to time parties thereto, Bank of America, N.A., as
Administrative Agent (in such capacity, the “Administrative Agent”) and Deutsche
Bank AG Deutschlandgeschäft Branch, as Foreign Trade Facility Agent. Terms
defined in the Credit Agreement shall have their defined meanings when used
herein.

 

This notice is an Incremental Facility Activation Notice referred to in the
Credit Agreement, and the Parent Borrower and each of the Lenders party hereto
hereby notify you that:

 

1.                                       Each Lender party hereto agrees to
[increase the amount of its [Domestic Revolving][Global Revolving][Foreign
Credit] Commitment by $                          , such that its aggregate
[Domestic Revolving][Global Revolving][Foreign Credit] Commitment is
$                           ] [make an Incremental Term Loan in the amount set
forth opposite such Lender’s name below under the caption “Incremental Term Loan
Amount.”]

 

2.                                       The closing date for [such increase]
[the Incremental Term Loan Facility] is                                    ,
20      .

 

3.                                       [The Incremental Term Loan Maturity
Date is                 , 20     .]

 

4.                                       [The proposed original issue discount,
if any, for the Incremental Term Loan Facility is      %.]

 

[Each of the Lenders party hereto and the Parent Borrower hereby agrees that (a)
the amortization schedule relating to this Incremental Term Loan is set forth in
Annex A attached hereto and (b) the Applicable Rate for this Incremental Term
Loan shall be               .]

 

The undersigned [Chief Financial Officer][Vice President – Finance] of the
Parent Borrower certifies as follows:

 

1.                                         I am the duly elected, qualified and
acting [Chief Financial Officer][Vice President — Finance] of the Parent
Borrower.

 

2.                                         I have reviewed and am familiar with
the contents of this Incremental Facility Activation Notice.

 

3.                                         I have reviewed the terms of the
Credit Agreement and the Loan Documents and have made or caused to be made under
my supervision, a review in reasonable detail of the transactions and condition
of the Parent Borrower during the accounting period ended
                                  , 20      [insert most recent period for which
financial statements

 

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

 

have been delivered]. Such review did not disclose the existence during or at
the end of the accounting period covered by the Parent Borrower’s most recent
financial statements delivered pursuant to Section 5.1(a) or (b) of the Credit
Agreement, and I have no knowledge of the existence, as of the date of this
Incremental Facility Activation Notice, of any Default or Event of Default, both
on the date hereof and after giving pro forma effect to any Loans made pursuant
to this Incremental Facility Activation Notice and the application of the
proceeds therefrom.

 

4.                                         Attached hereto as Attachment 1 are
the computations showing that after giving pro forma effect to the making of any
such [increase][Incremental Term Loans], the Parent Borrower shall be in
compliance with the financial covenants contained in Section 6.1 of the Credit
Agreement as of the last day of the most recent period of four consecutive
fiscal quarters of the Parent Borrower for which financial statements have been
delivered pursuant to Section 5.1 (calculated as if such [increase in
Commitments and any Loans thereunder had been made] [Incremental Term Loans had
been incurred] on the first day of such period).

 

IN WITNESS WHEREOF, the undersigned have executed this Incremental Facility
Activation Notice this                       day of                         ,
20      .

 

 

 

 

 

 

 

Name:

 

 

Title: [Chief Financial Officer] [Vice President-Finance]

 

 

 

 

 

SPX CORPORATION

 

 

 

 

 

By:

 

 

 

 

 

Name:

 

 

 

Title:

 

 

 

[Amount of Commitment Increase]

 

[NAME OF LENDER]

[Incremental Term Loan Amount]

 

 

$

 

 

 

By:

 

 

 

 

 

Name:

 

 

 

Title:

 

 

 

CONSENTED TO:

 

 

 

 

 

BANK OF AMERICA, N.A.,

 

 

as Administrative Agent

 

 

 

 

 

By:

 

 

 

 

 

Name:

 

 

 

Title:

 

 

 

 

 

[DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,

as Foreign Trade Facility Agent

 

 

 

 

 

By

 

 

 

 

 

Name:

 

 

 

Title:

 

 

 

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

 

[Annex A to
Increased Facility Activation Notice

 

AMORTIZATION SCHEDULE]

 

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

 

Attachment 1 to
Increased Facility Activation Notice

 

[Set forth Compliance Calculations]

 

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

 

EXHIBIT H

 

[FORM OF]
NEW LENDER SUPPLEMENT

 

NEW LENDER SUPPLEMENT (this “New Lender Supplement”), dated
                     , 200  , to the Credit Agreement, dated as of September 20,
2007 (as amended, restated, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among SPX Corporation, a Delaware corporation
(the “Parent Borrower”), the Foreign Subsidiary Borrowers from time to time
parties thereto, the Lenders from time to time parties thereto, Bank of America,
N.A., as administrative agent (in such capacity, the “Administrative Agent”) and
Deutsche Bank AG Deutschlandgeschäft Branch, as foreign trade facility agent (in
such capacity, the “Foreign Trade Facility Agent”).

 

WITNESSETH:

 

WHEREAS, the Credit Agreement provides in Section 2.1(b) thereof that any bank,
financial institution or other entity may become a party to the Credit Agreement
with the consent of the Parent Borrower and the Administrative Agent [and the
Foreign Trade Facility Agent](1) (which consent shall not be unreasonably
withheld) by executing and delivering to the Parent Borrower and the
Administrative Agent a supplement to the Credit Agreement in substantially the
form of this New Lender Supplement; and

 

WHEREAS, the undersigned now desires to become a party to the Credit Agreement;

 

NOW, THEREFORE, the undersigned hereby agrees as follows:

 

1.            The undersigned agrees to be bound by the provisions of the Credit
Agreement, and agrees that it shall, on the date this New Lender Supplement is
accepted by the Parent Borrower and the Administrative Agent, become a Lender
for all purposes of the Credit Agreement to the same extent as if originally a
party thereto, with [a                                   Commitment of
$                              ] [Incremental Term Loans of $                  ]

 

2.            The undersigned (a) represents and warrants that it is legally
authorized to enter into this New Lender Supplement; (b) confirms that it has
received a copy of the Credit Agreement, together with copies of the financial
statements referred to in Section 3.4 thereof and such other documents and
information as it has deemed appropriate to make its own credit analysis and
decision to enter into this New Lender Supplement; (c) agrees that it has made
and will, independently and without reliance upon the Administrative Agent 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 the Credit Agreement or any instrument or document
furnished pursuant hereto or thereto; (d) appoints and authorizes the
Administrative Agent to take such action as agent on its behalf and to exercise
such powers and discretion under the Credit Agreement or any instrument or
document furnished pursuant hereto or thereto as are delegated to the
Administrative Agent by the terms thereof, together with such powers as are
incidental thereto; and (e) agrees that it will be bound by the provisions of
the Credit Agreement and will perform in accordance with its terms all the
obligations which by the terms of the Credit Agreement are required to be
performed by it as a Lender including, without

 

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

(1) The consent of the Foreign Trade Facility Agent is required to add any new
Lender under the Foreign Trade Facility.

 

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

 

limitation, if it is organized under the laws of a jurisdiction outside the
United States, its obligation pursuant to Section 2.19(e) of the Credit
Agreement.

 

3.            The address of the undersigned for notices for the purposes of the
Credit Agreement is as follows:

 

4.            Terms defined in the Credit Agreement shall have their defined
meanings when used herein.

 

IN WITNESS WHEREOF, the undersigned has caused this New Lender Supplement to be
executed and delivered by a duly authorized officer on the date first above
written.

 

 

[INSERT NAME OF LENDER]

 

 

 

By

 

 

 

Name:

 

Title:

 

 

Accepted this              day of

 

                                  , 20    .

 

 

 

 

 

SPX CORPORATION

 

 

 

By

 

 

 

Name:

 

Title:

 

 

 

 

 

Accepted this                day of

 

                                     20    .

 

 

 

 

 

BANK OF AMERICA, N.A.,

 

as Administrative Agent

 

 

 

By

 

 

 

Name:

 

Title:

 

 

 

[DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT BRANCH,

 

as Foreign Trade Facility Agent

 

 

 

 

 

By

 

 

 

Name:

 

Title:

 

 

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

 

EXHIBIT I

 

[FORM OF]
UTILIZATION REQUEST

 

From:      [Name of Borrower]

 

To:          Deutsche Bank AG Deutschlandgeschäft Branch

Trade Advisory

Königsallee 45-47

40212 Düsseldorf, Germany

Attn: Roland Stephan or Irmgard Kleinsteinberg

 

[Date]

 

Ladies and Gentlemen:

 

We refer to the Credit Agreement, dated as of September 20, 2007 (as amended,
supplemented or otherwise modified to the date hereof, the “Credit Agreement”),
among SPX Corporation, the Foreign Subsidiary Borrowers party thereto, the
Lenders party thereto, Bank of America, N.A., as Administrative Agent and
Deutsche Bank AG Deutschlandgeschäft Branch, as Foreign Trade Facility Agent.
Unless otherwise defined herein, terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit Agreement.

 

We hereby give you notice that, pursuant to the Credit Agreement and upon the
terms and subject to the conditions contained therein, we request the
[issuance][amendment] of a Foreign Credit Instrument as specified below [and in
substantially the form attached]:

 

 

(i)

Our reference:

 

[

 

]

 

 

 

 

 

 

 

 

(ii)

Type of Foreign Credit Instrument:(1)

 

[

 

]

 

 

 

 

 

 

 

 

(iii)

Beneficiary:*

 

[

 

]

 

 

 

 

 

 

 

 

(iv)

Obligor:

 

[

 

]

 

 

 

 

 

 

 

 

(v)

Face Amount: *

 

[

 

]

 

 

 

 

 

 

 

 

(vi)

Currency: *

 

[

 

]

 

 

 

 

 

 

 

 

(vii)

Expiry date: *

 

[

 

]

 

 

 

 

 

 

 

 

(viii)

Commercial Lifetime:*/**

 

[

 

]

 

 

 

 

 

 

 

 

(ix)

Reference to underlying transaction:

 

[

 

]

 

 

 

 

 

 

 

 

(x)

Foreign Credit Instrument deed to be delivered to:

 

[

 

]

 

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

(1) Not in case of an amendment.

**In case of any Foreign Credit Instrument that comprises more than one type of
Foreign Credit Instrument the commercial lifetime for the different types to be
included.

 

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

 

 

(xi)

Foreign Issuing Lender:

 

[

 

]

 

 

 

 

 

 

 

 

[In the case of an amendment:]

 

 

 

 

 

 

 

 

 

 

 

 

(xii)

Foreign Issuing Lender:

 

[

 

]

 

 

 

 

 

 

 

 

(xiii)

Reference No. of Foreign Issuing Lender:

 

[

 

]

 

 

 

 

 

 

 

 

(xiv)

Reference No. of Foreign Trade Facility Agent:

 

[

 

]

 

 

 

 

 

 

 

 

(xv)

Amendment details:

 

[

 

]

 

We confirm that, on and as of the date hereof, before and after giving effect to
the issuance, amendment, renewal or extension, as applicable, of the Foreign
Credit Instrument requested hereby, (a) the representations and warranties of
each Loan Party set forth in the Loan Documents are true and correct in all
material respects and (b) no Default or Event of Default has occurred and is
continuing.

 

 

[SPX CORPORATION][NAME OF FOREIGN
SUBSIDIARY BORROWER]

 

 

 

By:

 

 

 

 

Name:

 

 

Title:

 

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

 

EXHIBIT J

 

[FORM OF]
DOMESTIC REVOLVING NOTE

 

 

 

 

FOR VALUE RECEIVED, the undersigned (the “Parent Borrower”), hereby promise to
pay to                                          or registered assigns (the
“Lender”), in accordance with the provisions of the Credit Agreement (as
hereinafter defined), the principal amount of each Domestic Revolving Loan from
time to time made by the Lender to the Parent Borrower under that certain Credit
Agreement dated as of September 20, 2007 (as amended, modified, supplemented or
extended from time to time, the “Credit Agreement”) among Parent Borrower, the
Foreign Subsidiary Borrowers party thereto, the Lenders from time to time party
thereto, Bank of America, N.A., as Administrative Agent and Deutsche Bank AG
Deutschlandgeschäft Branch, as Foreign Trade Facility Agent. Capitalized terms
used but not otherwise defined herein have the meanings provided in the Credit
Agreement.

 

The Parent Borrower promises to pay interest on the unpaid principal amount of
each Domestic Revolving Loan from the date of such Domestic Revolving Loan until
such principal amount is paid in full, at such interest rates and at such times
as provided in the Credit Agreement. All payments of principal and interest
shall be made to the Administrative Agent for the account of the Lender in
Dollars in immediately available funds at the Administrative Agent’s Office. If
any amount is not paid in full when due hereunder, such unpaid amount shall bear
interest, to be paid upon demand, from the due date thereof until the date of
actual payment (and before as well as after judgment) computed at the per annum
rate set forth in the Credit Agreement.

 

This Domestic Revolving Note is one of the Domestic Revolving Notes referred to
in the Credit Agreement, is entitled to the benefits thereof and may be prepaid
in whole or in part subject to the terms and conditions provided therein. Upon
the occurrence and continuation of one or more of the Events of Default
specified in the Credit Agreement, all amounts then remaining unpaid on this
Domestic Revolving Note shall become, or may be declared to be, immediately due
and payable all as provided in the Credit Agreement. Domestic Revolving Loans
made by the Lender shall be evidenced by one or more loan accounts or records
maintained by the Lender in the ordinary course of business. The Lender may also
attach schedules to this Domestic Revolving Note and endorse thereon the date,
amount and maturity of its Domestic Revolving Loans and payments with respect
thereto.

 

The Parent Borrower, for itself, its successors and assigns, hereby waives
diligence, presentment, protest and demand and notice of protest, demand,
dishonor and nonpayment of this Domestic Revolving Note.

 

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

 

THIS DOMESTIC REVOLVING NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.

 

 

SPX CORPORATION,

 

a Delaware corporation

 

 

 

By:

 

 

 

Name:

 

Title:

 

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

 

EXHIBIT K

 

[FORM OF]
GLOBAL REVOLVING NOTE

 

 

 

 

FOR VALUE RECEIVED, the undersigned (the “Borrowers”), hereby promise to pay to
                                        or registered assigns (the “Lender”), in
accordance with the provisions of the Credit Agreement (as hereinafter defined),
the principal amount of each Global Revolving Loan from time to time made by the
Lender to the Borrowers under that certain Credit Agreement dated as of
September 20, 2007 (as amended, modified, supplemented or extended from time to
time, the “Credit Agreement”) among SPX Corporation, a Delaware corporation (the
“Parent Borrower”), the Foreign Subsidiary Borrowers party thereto (together
with the Parent Borrower, the “Borrowers”), the Lenders from time to time party
thereto, Bank of America, N.A., as Administrative Agent and Deutsche Bank AG
Deutschlandgeschäft Branch, as Foreign Trade Facility Agent. Capitalized terms
used but not otherwise defined herein have the meanings provided in the Credit
Agreement.

 

Each Borrower promises to pay interest on the unpaid principal amount of each
Global Revolving Loan from the date of such Global Revolving Loan until such
principal amount is paid in full, at such interest rates and at such times as
provided in the Credit Agreement. All payments of principal and interest shall
be made to the Administrative Agent for the account of the Lender in Dollars in
immediately available funds at the Administrative Agent’s Office. If any amount
is not paid in full when due hereunder, such unpaid amount shall bear interest,
to be paid upon demand, from the due date thereof until the date of actual
payment (and before as well as after judgment) computed at the per annum rate
set forth in the Credit Agreement.

 

This Global Revolving Note is one of the Global Revolving Notes referred to in
the Credit Agreement, is entitled to the benefits thereof and may be prepaid in
whole or in part subject to the terms and conditions provided therein. Upon the
occurrence and continuation of one or more of the Events of Default specified in
the Credit Agreement, all amounts then remaining unpaid on this Global Revolving
Note shall become, or may be declared to be, immediately due and payable all as
provided in the Credit Agreement. Global Revolving Loans made by the Lender
shall be evidenced by one or more loan accounts or records maintained by the
Lender in the ordinary course of business. The Lender may also attach schedules
to this Global Revolving Note and endorse thereon the date, amount and maturity
of its Global Revolving Loans and payments with respect thereto.

 

Each Borrower, for itself, its successors and assigns, hereby waives diligence,
presentment, protest and demand and notice of protest, demand, dishonor and
nonpayment of this Global Revolving Note.

 

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

 

THIS GLOBAL REVOLVING NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK.

 

 

SPX CORPORATION,

 

a Delaware corporation

 

 

 

By:

 

 

 

Name:

 

Title:

 

 

 

 

 

[Foreign Subsidiary Borrower(s)]

 

 

 

By:

 

 

 

Name:

 

Title:

 

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

 

EXHIBIT L

 

[FORM OF]
SWINGLINE NOTE

 

 

 

 

FOR VALUE RECEIVED, the undersigned (the “Parent Borrower”), hereby promises to
pay to                          or registered assigns (the “Swingline Lender”),
in accordance with the provisions of the Credit Agreement (as hereinafter
defined), the principal amount of each Swingline Loan from time to time made by
the Swingline Lender to the Parent Borrower under that certain Credit Agreement
dated as of September 20, 2007 (as amended, modified, supplemented or extended
from time to time, the “Credit Agreement”) among the Parent Borrower, the
Foreign Subsidiary Borrowers party thereto, the Lenders from time to time party
thereto, Bank of America, N.A., as Administrative Agent and Deutsche Bank AG
Deutschlandgeschäft Branch, as Foreign Trade Facility Agent. Capitalized terms
used but not otherwise defined herein have the meanings provided in the Credit
Agreement.

 

The Parent Borrower promises to pay interest on the unpaid principal amount of
each Swingline Loan from the date of such Swingline Loan until such principal
amount is paid in full, at such interest rates and at such times as provided in
the Credit Agreement. All payments of principal and interest shall be made to
the Administrative Agent for the account of the Swingline Lender in Dollars in
immediately available funds at the Administrative Agent’s Office. If any amount
is not paid in full when due hereunder, such unpaid amount shall bear interest,
to be paid upon demand, from the due date thereof until the date of actual
payment (and before as well as after judgment) computed at the per annum rate
set forth in the Credit Agreement.

 

This Swingline Note is the Swingline Note referred to in the Credit Agreement,
is entitled to the benefits thereof and may be prepaid in whole or in part
subject to the terms and conditions provided therein. Upon the occurrence and
continuation of one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Swingline Note shall
become, or may be declared to be, immediately due and payable all as provided in
the Credit Agreement. Swingline Loans made by the Swingline Lender shall be
evidenced by one or more loan accounts or records maintained by the Lender in
the ordinary course of business. The Swingline Lender may also attach schedules
to this Swingline Note and endorse thereon the date, amount and maturity of its
Swingline Loans and payments with respect thereto.

 

The Parent Borrower, for itself, its successors and assigns, hereby waives
diligence, presentment, protest and demand and notice of protest, demand,
dishonor and nonpayment of this Swingline Note.

 

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

 

THIS SWINGLINE NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.

 

 

SPX CORPORATION,

 

a Delaware corporation

 

 

 

By:

 

 

 

Name:

 

Title:

 

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

 

EXHIBIT M

 

[FORM OF]
TERM NOTE

 

 

 

 

FOR VALUE RECEIVED, the undersigned (the “Parent Borrower”), hereby promise to
pay to                               or registered assigns (the “Lender”), in
accordance with the provisions of the Credit Agreement (as hereinafter defined),
the principal amount of the Term Loan made by the Lender to the Parent Borrower
under that certain Credit Agreement dated as of September 20, 2007 (as amended,
modified, supplemented or extended from time to time, the “Credit Agreement”)
among the Parent Borrower, the Foreign Subsidiary Borrowers party thereto, the
Lenders from time to time party thereto, Bank of America, N.A., as
Administrative Agent and Deutsche Bank AG Deutschlandgeschäft Branch, as Foreign
Trade Facility Agent. Capitalized terms used but not otherwise defined herein
have the meanings provided in the Credit Agreement.

 

The Parent Borrower promises to pay interest on the unpaid principal amount of
the Term Loan from the date of the Term Loan until such principal amount is paid
in full, at such interest rates and at such times as provided in the Credit
Agreement. All payments of principal and interest shall be made to the
Administrative Agent for the account of the Lender in Dollars in immediately
available funds at the Administrative Agent’s Office. If any amount is not paid
in full when due hereunder, such unpaid amount shall bear interest, to be paid
upon demand, from the due date thereof until the date of actual payment (and
before as well as after judgment) computed at the per annum rate set forth in
the Credit Agreement.

 

This Term Note is one of the Term Notes referred to in the Credit Agreement, is
entitled to the benefits thereof and may be prepaid in whole or in part subject
to the terms and conditions provided therein. Upon the occurrence and
continuation of one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Term Note shall become, or
may be declared to be, immediately due and payable all as provided in the Credit
Agreement. The Term Loan made by the Lender shall be evidenced by one or more
loan accounts or records maintained by the Lender in the ordinary course of
business. The Lender may also attach schedules to this Term Note and endorse
thereon the date, amount and maturity of the Term Loan and payments with respect
thereto.

 

The Parent Borrower, for itself, its successors and assigns, hereby waives
diligence, presentment, protest and demand and notice of protest, demand,
dishonor and nonpayment of this Term Note.

 

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

 

THIS TERM NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK.

 

 

SPX CORPORATION,

 

a Delaware corporation

 

 

 

By:

 

 

 

Name:

 

Title:

 

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

 

EXHIBIT N

 

[FORM OF]
COMPLIANCE CERTIFICATE

 

Financial Statement Date:                       , 20    

 

To:          Bank of America, N.A., as Administrative Agent

 

Re:                               Credit Agreement dated as of September 20,
2007 (as amended, modified, supplemented or extended from time to time, the
“Credit Agreement”) among SPX Corporation, a Delaware corporation (the “Parent
Borrower”), the Foreign Subsidiary Borrowers party thereto (together with the
Parent Borrower, the “Borrowers”), the Lenders from time to time party thereto,
Bank of America, N.A., as Administrative Agent and Deutsche Bank AG
Deutschlandgeschäft Branch, as Foreign Trade Facility Agent. Capitalized terms
used but not otherwise defined herein have the meanings provided in the Credit
Agreement.

 

Ladies and Gentlemen:

 

The undersigned Financial Officer hereby certifies as of the date hereof that
[he/she] is the                             of the Parent Borrower, and that, in
[his/her] capacity as such, [he/she] is authorized to execute and deliver this
Compliance Certificate to the Administrative Agent on the behalf of the Parent
Borrower, and that:

 

[Use following paragraph 1 for fiscal year-end financial statements:]

 

[1.            Attached hereto as Schedule 1 are the year-end audited financial
statements required by Section 5.1(a) of the Credit Agreement for the fiscal
year of the Parent Borrower ended as of the above date, together with the report
and opinion of an independent certified public accountant required by such
section.]

 

[Use following paragraph 1 for fiscal quarter-end financial statements:]

 

[1.            Attached hereto as Schedule 1 are the unaudited financial
statements required by Section 5.1(b) of the Credit Agreement for the fiscal
quarter of the Parent Borrower ended as of the above date. Such financial
statements fairly present in all material respects the financial condition,
results of operations and cash flows of the Parent Borrower and its Subsidiaries
in accordance with GAAP as at such date and for such period, subject only to
normal year-end audit adjustments and the absence of footnotes.]

 

2.             The undersigned has reviewed and is familiar with the terms of
the Credit Agreement and has made, or has caused to be made, a detailed review
of the transactions and condition (financial or otherwise) of the Parent
Borrower during the accounting period covered by the attached financial
statements.

 

3.             A review of the activities of the Parent Borrower during such
fiscal period has been made under the supervision of the undersigned with a view
to determining whether during such fiscal period the Parent Borrower performed
and observed all its Obligations under the Loan Documents, and

 

[select one:]

 

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

 

[to the best knowledge of the undersigned during such fiscal period, the Parent
Borrower performed and observed each covenant and condition of the Loan
Documents applicable to it, and no Default has occurred and is continuing.]

 

[or:]

 

[the following covenants or conditions have not been performed or observed and
the following is a list of each such Default and its nature and status:]

 

4.             The representations and warranties of the Loan Parties contained
in the Credit Agreement or any other Loan Document, are true and correct in all
material respects on and as of the date hereof, except to the extent that such
representations and warranties specifically refer to an earlier date, in which
case they are true and correct in all material respects as of such earlier date,
and except that for purposes of this Compliance Certificate, the representations
and warranties contained in subsections (a) and (b) of Section 3.4 of the Credit
Agreement shall be deemed to refer to the most recent statements furnished
pursuant to clauses (a) and (b), respectively, of Section 5.1 of the Credit
Agreement, including the statements in connection with which this Compliance
Certificate is delivered.

 

5.             The financial covenant analyses and calculation of Consolidated
Leverage Ratio and Consolidated Interest Coverage Ratio set forth on Schedule 2
attached hereto are true and accurate on and as of the date of this Compliance
Certificate.

 

IN WITNESS WHEREOF, the undersigned has executed this Compliance Certificate as
of                  , 20     .

 

 

SPX CORPORATION,

 

a Delaware corporation

 

 

 

By:

 

 

 

Name:

 

Title:

 

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EXHIBIT O

 

[FORM OF]
FOREIGN ISSUING LENDER JOINDER AGREEMENT

 

THIS FOREIGN ISSUING LENDER JOINDER AGREEMENT (this “Agreement”) dated as of
                       , 20     is among SPX CORPORATION, a Delaware corporation
(the “Parent Borrower”), the Foreign Subsidiary Borrowers identified on the
signature pages hereto (the “Foreign Subsidiary Borrowers”), the Subsidiary
Guarantors identified on the signature pages hereto (the “Subsidiary
Guarantors”), [                             ] (the “New Foreign Issuing
Lender”), BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the
“Administrative Agent”) for the banks and other financial institutions (the
“Lenders”) party to the Credit Agreement (as hereafter defined) and DEUTSCHE
BANK AG DEUTSCHLANDGESCHÄFT BRANCH, as the Foreign Trade Facility Agent (in such
capacity, the “Foreign Trade Facility Agent”).

 

WITNESSETH

 

WHEREAS the Parent Borrower, the Foreign Subsidiary Borrowers, the Lenders, the
Foreign Trade Facility Agent and the Administrative Agent are parties to that
certain Credit Agreement, dated as of September 20, 2007 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”);

 

WHEREAS, pursuant to Section 2.6(t) of the Credit Agreement, the Parent Borrower
has the right to designate additional Foreign Issuing Lenders to provide
additional Foreign Credit Instrument Issuing Commitments hereunder (an
“Additional Foreign Credit Instrument Issuing Commitment”) and/or designate
existing Foreign Issuing Lenders to provide an increase to its existing Foreign
Credit Instrument Issuing Commitment (an “Increased Foreign Credit Instrument
Issuing Commitment”); and

 

WHEREAS, the New Foreign Issuing Lender has agreed to provide a
[$                  ] Foreign Credit Instrument Issuing Commitment under the
Credit Agreement which is an [Additional Foreign Credit Instrument Issuing
Commitment]  [Increased Foreign Credit Instrument Issuing Commitment] on the
terms set forth herein.

 

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

 

1.             Defined Terms. Capitalized terms used herein but not defined
herein shall have the meanings assigned to such terms in the Credit Agreement.

 

2.             Commitment. The New Foreign Issuing Lender hereby agrees that
from and after the date hereof the New Foreign Issuing Lender shall have a
Foreign Credit Instrument Issuing Commitment of [$                    ] under
the Credit Agreement. [The Parent Borrower, the Foreign Subsidiary Borrowers and
the New Foreign Issuing Lender hereby acknowledge, agree and confirm that the
New Foreign Issuing Lender shall from and after the date hereof be deemed to be
a party to the Credit Agreement and a “Foreign Issuing Lender” for all purposes
of the Credit Agreement and the other Loan Documents, and shall have all of the
rights and obligations of a Foreign Issuing Lender under the Credit Agreement
and the other Loan Documents as if the New Foreign Issuing Lender had executed
the Credit Agreement] [If such New Foreign Issuing Lender is already a party to
the Credit Agreement, the Parent Borrower, the Foreign Subsidiary Borrowers and
the New Foreign Issuing Lender hereby acknowledge, agree and

 

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confirm that the New Foreign Issuing Lender shall continue to have all of the
rights and obligations of a Foreign Issuing Lender under the Credit Agreement
and the other Loan Documents].

 

3.             Conditions Precedent. This Agreement shall be effective as of the
date hereof upon satisfaction of each of the following conditions precedent:

 

(a)           receipt by the Administrative Agent of this Agreement executed by
the Parent Borrower, the Foreign Subsidiary Borrowers, the Subsidiary
Guarantors, the New Foreign Issuing Lender, the Foreign Trade Facility Agent and
the Administrative Agent; and

 

(b)           receipt by the Administrative Agent of a certificate dated as of
the date of the [Additional Foreign Credit Instrument Issuing Commitment] 
[Increased Foreign Credit Instrument Issuing Commitment] from a Responsible
Officer of the Parent Borrower, certifying that, before and after giving effect
to the [Additional Foreign Credit Instrument Issuing Commitment]  [Increased
Foreign Credit Instrument Issuing Commitment], (A) the representations and
warranties contained in Article III of the Credit Agreement and in the other
Loan Documents are true and correct in all material respects on and as of the
date of the [Additional Foreign Credit Instrument Issuing Commitment] 
[Increased Foreign Credit Instrument Issuing Commitment], except to the extent
that such representations and warranties specifically refer to an earlier date,
in which case they are true and correct in all material respects as of such
earlier date and (B) no Default or Event of Default shall have occurred and be
continuing.

 

4.             Notices. The applicable address, facsimile number and electronic
mail address of the New Foreign Issuing Lender for purposes of Section 9.1 of
the Credit Agreement are as set forth in the administrative questionnaire
delivered by the New Foreign Issuing Lender to the Administrative Agent, the
Foreign Trade Facility Agent and the Parent Borrower on or before the date
hereof or to such other address, facsimile number and electronic mail address as
shall be designated by the New Foreign Issuing Lender in a notice to the
Administrative Agent, the Foreign Trade Facility Agent and the Parent Borrower.

 

5.             Reaffirmation of Guarantee. Each Subsidiary Guarantor (a)
acknowledges and consents to all of the terms and conditions of this Agreement
and (b) agrees that this Agreement and all documents executed in connection
herewith do not operate to reduce or discharge such Subsidiary Guarantor’s
obligations under the Loan Documents.

 

6.             Schedule 1.1A. The parties hereto agree that Schedule 1.1A to the
Credit Agreement is hereby deemed to be amended to reflect the [Additional
Foreign Credit Instrument Issuing Commitment]  [Increased Foreign Credit
Instrument Issuing Commitment] of the New Foreign Issuing Lender.

 

7.             Acknowledgment by Agents. Each of the Administrative Agent and
the Foreign Trade Facility Agent hereby acknowledge and agree that the New
Foreign Issuing Lender is reasonably acceptable to the Administrative Agent and
the Foreign Trade Facility Agent.

 

8.             Governing Law. This Agreement shall be deemed to be a contract
made under, and for all purposes shall be construed in accordance with the laws
of the State of New York (including Sections 5-1401 and 5-1402 of the New York
General Obligations Law).

 

9.             Counterparts. This Agreement may be executed in multiple
counterparts, each of which shall constitute an original but all of which when
taken together shall constitute one contract.

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the Parent Borrower, the Foreign Subsidiary Borrowers, the
Subsidiary Guarantors, the New Foreign Issuing Lender, the Foreign Trade
Facility Agent and the Administrative Agent have caused this Agreement to be
executed by their officers thereunto duly authorized as of the date hereof.

 

 

SPX CORPORATION,

 

a Delaware corporation

 

 

 

By:

 

 

 

Name:

 

Title:

 

 

 

[FOREIGN SUBSIDIARY BORROWER(S)]

 

 

 

By:

 

 

 

Name:

 

Title:

 

 

 

[SUBSIDIARY GUARANTOR(S)]

 

 

 

By:

 

 

 

Name:

 

Title:

 

 

 

 

 

[NEW FOREIGN ISSUING LENDER]

 

 

 

By:

 

 

 

Name:

 

Title:

 

 

 

BANK OF AMERICA, N.A.,

 

as Administrative Agent

 

 

 

By:

 

 

 

Name:

 

Title:

 

 

 

DEUTSCHE BANK AG DEUTSCHLANDGESCHÄFT
BRANCH, as Foreign Trade Facility Agent

 

 

 

By:

 

 

 

Name:

 

Title:

 

 

 

By:

 

 

 

Name:

 

Title:

 

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