EXHIBIT 10.1

 

AMENDED AND RESTATED

FIVE-YEAR REVOLVING CREDIT AGREEMENT

 

DATED AS OF OCTOBER 12, 2005

 

AMONG

 

UNITED STATIONERS SUPPLY CO.,

AS THE BORROWER

 

UNITED STATIONERS INC.,

AS A CREDIT PARTY

 

THE LENDERS FROM TIME TO TIME PARTIES HERETO

 

PNC BANK, N.A.

AND

U.S. BANK, NATIONAL ASSOCIATION,

AS SYNDICATION AGENTS

 

KEYBANK NATIONAL ASSOCIATION,

AS DOCUMENTATION AGENT

 

AND

 

JPMORGAN CHASE BANK, N.A.,

AS ADMINISTRATIVE AGENT

 

 

JPMORGAN SECURITIES INC.,

AS SOLE LEAD ARRANGER AND SOLE BOOK RUNNER

 

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

 

TABLE OF CONTENTS

 

ARTICLE I

DEFINITIONS

 

 

1.1.

Certain Defined Terms

 

 

1.2. [a05-17655_1ex10d1.htm#a1_2_PluralForms_TheForegoingDefi_212633]

Plural Forms [a05-17655_1ex10d1.htm#a1_2_PluralForms_TheForegoingDefi_212633]

 

 

 

 

 

ARTICLE II [a05-17655_1ex10d1.htm#ArticleiiTheCredits_212635]

THE CREDITS [a05-17655_1ex10d1.htm#ArticleiiTheCredits_212635]

 

 

 

 

 

2.1. [a05-17655_1ex10d1.htm#a2_1_ExistingRevolvingLoansCommit_212637]

Existing Revolving Loans; Commitment
[a05-17655_1ex10d1.htm#a2_1_ExistingRevolvingLoansCommit_212637]

 

 

2.2. [a05-17655_1ex10d1.htm#a2_2_RequiredPaymentsTermination__212651]

Required Payments; Termination
[a05-17655_1ex10d1.htm#a2_2_RequiredPaymentsTermination__212651]

 

 

2.3. [a05-17655_1ex10d1.htm#a2_3_RatableLoansTypesOfAdvances__212706]

Ratable Loans; Types of Advances
[a05-17655_1ex10d1.htm#a2_3_RatableLoansTypesOfAdvances__212706]

 

 

2.4. [a05-17655_1ex10d1.htm#a2_4_SwingLineLoans__212708]

Swing Line Loans [a05-17655_1ex10d1.htm#a2_4_SwingLineLoans__212708]

 

 

2.5. [a05-17655_1ex10d1.htm#a2_5_CommitmentFeeAggregateCommit_212725]

Commitment Fee; Aggregate Commitment
[a05-17655_1ex10d1.htm#a2_5_CommitmentFeeAggregateCommit_212725]

 

 

2.6. [a05-17655_1ex10d1.htm#a2_6_MinimumAmountOfEachAdvance_E_212728]

Minimum Amount of Each Advance
[a05-17655_1ex10d1.htm#a2_6_MinimumAmountOfEachAdvance_E_212728]

 

 

2.7. [a05-17655_1ex10d1.htm#a2_7_OptionalPrincipalPayments_Th_212734]

Optional Principal Payments
[a05-17655_1ex10d1.htm#a2_7_OptionalPrincipalPayments_Th_212734]

 

 

2.8. [a05-17655_1ex10d1.htm#a2_8_MethodOfSelectingTypesAndInt_212736]

Method of Selecting Types and Interest Periods for New Advances
[a05-17655_1ex10d1.htm#a2_8_MethodOfSelectingTypesAndInt_212736]

 

 

2.9. [a05-17655_1ex10d1.htm#a2_9_ConversionAndContinuationOfO_212741]

Conversion and Continuation of Outstanding Advances; No Conversion or
Continuation of Eurodollar Advances After Default
[a05-17655_1ex10d1.htm#a2_9_ConversionAndContinuationOfO_212741]

 

 

2.10. [a05-17655_1ex10d1.htm#a2_10_ChangesInInterestRateEtc_Ea_212747]

Changes in Interest Rate, etc
[a05-17655_1ex10d1.htm#a2_10_ChangesInInterestRateEtc_Ea_212747]

 

 

2.11. [a05-17655_1ex10d1.htm#a2_11_RatesApplicableAfterDefault_212750]

Rates Applicable After Default
[a05-17655_1ex10d1.htm#a2_11_RatesApplicableAfterDefault_212750]

 

 

2.12. [a05-17655_1ex10d1.htm#a2_12_MethodOfPayment_AllPayments_212752]

Method of Payment
[a05-17655_1ex10d1.htm#a2_12_MethodOfPayment_AllPayments_212752]

 

 

2.13. [a05-17655_1ex10d1.htm#a2_13_NotelessAgreementEvidenceOf_212758]

Noteless Agreement; Evidence of Indebtedness
[a05-17655_1ex10d1.htm#a2_13_NotelessAgreementEvidenceOf_212758]

 

 

2.14. [a05-17655_1ex10d1.htm#a2_14_TelephonicNotices_TheBorrow_212802]

Telephonic Notices
[a05-17655_1ex10d1.htm#a2_14_TelephonicNotices_TheBorrow_212802]

 

 

2.15. [a05-17655_1ex10d1.htm#a2_15_InterestPaymentDatesInteres_212804]

Interest Payment Dates; Interest and Fee Basis
[a05-17655_1ex10d1.htm#a2_15_InterestPaymentDatesInteres_212804]

 

 

2.16. [a05-17655_1ex10d1.htm#a2_16_NotificationOfAdvancesInter_212809]

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions;
Availability of Loans
[a05-17655_1ex10d1.htm#a2_16_NotificationOfAdvancesInter_212809]

 

 

2.17. [a05-17655_1ex10d1.htm#a2_17_LendingInstallations_EachLe_212811]

Lending Installations
[a05-17655_1ex10d1.htm#a2_17_LendingInstallations_EachLe_212811]

 

 

2.18. [a05-17655_1ex10d1.htm#a2_18_NonreceiptOfFundsByTheAgent_212815]

Non-Receipt of Funds by the Agent
[a05-17655_1ex10d1.htm#a2_18_NonreceiptOfFundsByTheAgent_212815]

 

 

2.19. [a05-17655_1ex10d1.htm#a2_19_ReplacementOfLender_IfitheB_212818]

Replacement of Lender
[a05-17655_1ex10d1.htm#a2_19_ReplacementOfLender_IfitheB_212818]

 

 

2.20. [a05-17655_1ex10d1.htm#a2_20_FacilityLcs__212822]

Facility LCs [a05-17655_1ex10d1.htm#a2_20_FacilityLcs__212822]

 

 

2.21. [a05-17655_1ex10d1.htm#a2_21_IncreaseOfAggregateCommitme_212844]

Increase of Aggregate Commitment
[a05-17655_1ex10d1.htm#a2_21_IncreaseOfAggregateCommitme_212844]

 

 

 

 

 

ARTICLE III [a05-17655_1ex10d1.htm#ArticleiiiYieldProtectionTaxes_212853]

YIELD PROTECTION; TAXES
[a05-17655_1ex10d1.htm#ArticleiiiYieldProtectionTaxes_212853]

 

 

 

 

 

3.1. [a05-17655_1ex10d1.htm#a3_1_YieldProtection_IfOnOrAfterT_212855]

Yield Protection
[a05-17655_1ex10d1.htm#a3_1_YieldProtection_IfOnOrAfterT_212855]

 

 

3.2. [a05-17655_1ex10d1.htm#a3_2_ChangesInCapitalAdequacyRegu_212858]

Changes in Capital Adequacy Regulations
[a05-17655_1ex10d1.htm#a3_2_ChangesInCapitalAdequacyRegu_212858]

 

 

3.3. [a05-17655_1ex10d1.htm#a3_3_AvailabilityOfTypesOfAdvance_212901]

Availability of Types of Advances
[a05-17655_1ex10d1.htm#a3_3_AvailabilityOfTypesOfAdvance_212901]

 

 

3.4. [a05-17655_1ex10d1.htm#a3_4_FundingIndemnification_IfAny_212906]

Funding Indemnification
[a05-17655_1ex10d1.htm#a3_4_FundingIndemnification_IfAny_212906]

 

 

3.5. [a05-17655_1ex10d1.htm#a3_5_Taxes_iexceptAsProvidedInThi_212908]

Taxes [a05-17655_1ex10d1.htm#a3_5_Taxes_iexceptAsProvidedInThi_212908]

 

 

3.6. [a05-17655_1ex10d1.htm#a3_6_LenderStatementsSurvivalOfIn_212914]

Lender Statements; Survival of Indemnity
[a05-17655_1ex10d1.htm#a3_6_LenderStatementsSurvivalOfIn_212914]

 

 

3.7. [a05-17655_1ex10d1.htm#a3_7_AlternativeLendingInstallati_212918]

Alternative Lending Installation
[a05-17655_1ex10d1.htm#a3_7_AlternativeLendingInstallati_212918]

 

 

 

 

 

ARTICLE IV [a05-17655_1ex10d1.htm#Articleiv_212921]

CONDITIONS PRECEDENT [a05-17655_1ex10d1.htm#Articleiv_212921]

 

 

 

 

 

4.1. [a05-17655_1ex10d1.htm#a4_1_EffectivenessOfCommitments_T_212936]

Effectiveness of Commitments
[a05-17655_1ex10d1.htm#a4_1_EffectivenessOfCommitments_T_212936]

 

 

4.2. [a05-17655_1ex10d1.htm#a4_2_EachCreditExtension_TheLende_212948]

Each Credit Extension
[a05-17655_1ex10d1.htm#a4_2_EachCreditExtension_TheLende_212948]

 

 

i

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

 

ARTICLE V [a05-17655_1ex10d1.htm#ArticlevRepresentationsAndWarrant_213656]

REPRESENTATIONS AND WARRANTIES
[a05-17655_1ex10d1.htm#ArticlevRepresentationsAndWarrant_213656]

 

 

 

 

 

5.1. [a05-17655_1ex10d1.htm#a5_1_ExistenceAndStanding_EachOfT_213712]

Existence and Standing
[a05-17655_1ex10d1.htm#a5_1_ExistenceAndStanding_EachOfT_213712]

 

 

5.2. [a05-17655_1ex10d1.htm#a5_2_AuthorizationAndValidity_Eac_213713]

Authorization and Validity
[a05-17655_1ex10d1.htm#a5_2_AuthorizationAndValidity_Eac_213713]

 

 

5.3. [a05-17655_1ex10d1.htm#a5_3_NoConflictGovernmentConsent__213716]

No Conflict; Government Consent
[a05-17655_1ex10d1.htm#a5_3_NoConflictGovernmentConsent__213716]

 

 

5.4. [a05-17655_1ex10d1.htm#a5_4_FinancialStatements_TheDecem_213728]

Financial Statements
[a05-17655_1ex10d1.htm#a5_4_FinancialStatements_TheDecem_213728]

 

 

5.5. [a05-17655_1ex10d1.htm#a5_5_MaterialAdverseChange_SinceD_213729]

Material Adverse Change
[a05-17655_1ex10d1.htm#a5_5_MaterialAdverseChange_SinceD_213729]

 

 

5.6. [a05-17655_1ex10d1.htm#a5_6_Taxes_TheParentTheBorrowerAn_213731]

Taxes [a05-17655_1ex10d1.htm#a5_6_Taxes_TheParentTheBorrowerAn_213731]

 

 

5.7. [a05-17655_1ex10d1.htm#a5_7_LitigationAndContingentOblig_213733]

Litigation and Contingent Obligations
[a05-17655_1ex10d1.htm#a5_7_LitigationAndContingentOblig_213733]

 

 

5.8. [a05-17655_1ex10d1.htm#a5_8_Subsidiaries_Schedule5_8Cont_213735]

Subsidiaries [a05-17655_1ex10d1.htm#a5_8_Subsidiaries_Schedule5_8Cont_213735]

 

 

5.9. [a05-17655_1ex10d1.htm#a5_9_Erisa_DuringTheTwelveConsecu_213737]

ERISA [a05-17655_1ex10d1.htm#a5_9_Erisa_DuringTheTwelveConsecu_213737]

 

 

5.10. [a05-17655_1ex10d1.htm#a5_10_AccuracyOfInformation_TheWr_213743]

Accuracy of Information
[a05-17655_1ex10d1.htm#a5_10_AccuracyOfInformation_TheWr_213743]

 

 

5.11. [a05-17655_1ex10d1.htm#a5_11_RegulationU_NeitherTheParen_213745]

Regulation U [a05-17655_1ex10d1.htm#a5_11_RegulationU_NeitherTheParen_213745]

 

 

5.12. [a05-17655_1ex10d1.htm#a5_12_ComplianceWithLaws_TheParen_213746]

Compliance With Laws
[a05-17655_1ex10d1.htm#a5_12_ComplianceWithLaws_TheParen_213746]

 

 

5.13. [a05-17655_1ex10d1.htm#a5_13_OwnershipOfProperties_ThePa_213748]

Ownership of Properties
[a05-17655_1ex10d1.htm#a5_13_OwnershipOfProperties_ThePa_213748]

 

 

5.14. [a05-17655_1ex10d1.htm#a5_14_PlanAssetsProhibitedTransac_213750]

Plan Assets; Prohibited Transactions
[a05-17655_1ex10d1.htm#a5_14_PlanAssetsProhibitedTransac_213750]

 

 

5.15. [a05-17655_1ex10d1.htm#a5_15_EnvironmentalMatters_ToTheK_213753]

Environmental Matters
[a05-17655_1ex10d1.htm#a5_15_EnvironmentalMatters_ToTheK_213753]

 

 

5.16. [a05-17655_1ex10d1.htm#a5_16_InvestmentCompanyAct_Neithe_213755]

Investment Company Act
[a05-17655_1ex10d1.htm#a5_16_InvestmentCompanyAct_Neithe_213755]

 

 

5.17. [a05-17655_1ex10d1.htm#a5_17_PublicUtilityHoldingCompany_213756]

Public Utility Holding Company Act
[a05-17655_1ex10d1.htm#a5_17_PublicUtilityHoldingCompany_213756]

 

 

5.18. [a05-17655_1ex10d1.htm#a5_18_Insurance_TheParentMaintain_213758]

Insurance [a05-17655_1ex10d1.htm#a5_18_Insurance_TheParentMaintain_213758]

 

 

5.19. [a05-17655_1ex10d1.htm#a5_19_Solvency_AfterGivingEffectT_213759]

Solvency [a05-17655_1ex10d1.htm#a5_19_Solvency_AfterGivingEffectT_213759]

 

 

5.20. [a05-17655_1ex10d1.htm#a5_20_CollateralDocuments_TheColl_213800]

Collateral Documents
[a05-17655_1ex10d1.htm#a5_20_CollateralDocuments_TheColl_213800]

 

 

5.21. [a05-17655_1ex10d1.htm#a5_21_NoDefaultOrUnmaturedDefault_213809]

No Default or Unmatured Default
[a05-17655_1ex10d1.htm#a5_21_NoDefaultOrUnmaturedDefault_213809]

 

 

 

 

 

ARTICLE VI [a05-17655_1ex10d1.htm#ArticleviCovenants_213812]

COVENANTS [a05-17655_1ex10d1.htm#ArticleviCovenants_213812]

 

 

 

 

 

6.1. [a05-17655_1ex10d1.htm#a6_1_FinancialReporting_TheParent_213814]

Financial Reporting
[a05-17655_1ex10d1.htm#a6_1_FinancialReporting_TheParent_213814]

 

 

6.2. [a05-17655_1ex10d1.htm#a6_2_UseOfProceeds_TheParentAndTh_213824]

Use of Proceeds [a05-17655_1ex10d1.htm#a6_2_UseOfProceeds_TheParentAndTh_213824]

 

 

6.3. [a05-17655_1ex10d1.htm#a6_3_NoticeOfDefault_WithinFive5b_213826]

Notice of Default
[a05-17655_1ex10d1.htm#a6_3_NoticeOfDefault_WithinFive5b_213826]

 

 

6.4. [a05-17655_1ex10d1.htm#a6_4_ConductOfBusiness_TheParentA_213828]

Conduct of Business
[a05-17655_1ex10d1.htm#a6_4_ConductOfBusiness_TheParentA_213828]

 

 

6.5. [a05-17655_1ex10d1.htm#a6_5_Taxes_TheParentAndTheBorrowe_213829]

Taxes [a05-17655_1ex10d1.htm#a6_5_Taxes_TheParentAndTheBorrowe_213829]

 

 

6.6. [a05-17655_1ex10d1.htm#a6_6_Insurance_TheParentAndTheBor_213830]

Insurance [a05-17655_1ex10d1.htm#a6_6_Insurance_TheParentAndTheBor_213830]

 

 

6.7. [a05-17655_1ex10d1.htm#a6_7_ComplianceWithLaws_TheParent_213832]

Compliance with Laws
[a05-17655_1ex10d1.htm#a6_7_ComplianceWithLaws_TheParent_213832]

 

 

6.8. [a05-17655_1ex10d1.htm#a6_8_MaintenanceOfProperties_Subj_213833]

Maintenance of Properties
[a05-17655_1ex10d1.htm#a6_8_MaintenanceOfProperties_Subj_213833]

 

 

6.9. [a05-17655_1ex10d1.htm#a6_9_InspectionKeepingOfBooksAndR_213834]

Inspection; Keeping of Books and Records
[a05-17655_1ex10d1.htm#a6_9_InspectionKeepingOfBooksAndR_213834]

 

 

6.10. [a05-17655_1ex10d1.htm#a6_10_Dividends_TheParentAndTheBo_213837]

Dividends [a05-17655_1ex10d1.htm#a6_10_Dividends_TheParentAndTheBo_213837]

 

 

6.11. [a05-17655_1ex10d1.htm#a6_11_Merger_TheParentAndTheBorro_213839]

Merger [a05-17655_1ex10d1.htm#a6_11_Merger_TheParentAndTheBorro_213839]

 

 

6.12. [a05-17655_1ex10d1.htm#a6_12_SaleOfAssets_TheParentAndTh_213846]

Sale of Assets [a05-17655_1ex10d1.htm#a6_12_SaleOfAssets_TheParentAndTh_213846]

 

 

6.13. [a05-17655_1ex10d1.htm#a6_13_InvestmentsAndAcquisitions__213854]

Investments and Acquisitions
[a05-17655_1ex10d1.htm#a6_13_InvestmentsAndAcquisitions__213854]

 

 

6.14. [a05-17655_1ex10d1.htm#a6_14_Indebtedness_TheParentAndTh_213900]

Indebtedness [a05-17655_1ex10d1.htm#a6_14_Indebtedness_TheParentAndTh_213900]

 

 

6.15. [a05-17655_1ex10d1.htm#a6_15_Liens_TheParentAndTheBorrow_213906]

Liens [a05-17655_1ex10d1.htm#a6_15_Liens_TheParentAndTheBorrow_213906]

 

 

6.16. [a05-17655_1ex10d1.htm#a6_16_Affiliates_ExceptAsOtherwis_213910]

Affiliates [a05-17655_1ex10d1.htm#a6_16_Affiliates_ExceptAsOtherwis_213910]

 

 

6.17. [a05-17655_1ex10d1.htm#a6_17_FinancialContracts_TheParen_213912]

Financial Contracts
[a05-17655_1ex10d1.htm#a6_17_FinancialContracts_TheParen_213912]

 

 

6.18. [a05-17655_1ex10d1.htm#a6_18_SubsidiaryCovenants_ThePare_213913]

Subsidiary Covenants
[a05-17655_1ex10d1.htm#a6_18_SubsidiaryCovenants_ThePare_213913]

 

 

6.19. [a05-17655_1ex10d1.htm#a6_19_ContingentObligations_ThePa_213915]

Contingent Obligations
[a05-17655_1ex10d1.htm#a6_19_ContingentObligations_ThePa_213915]

 

 

6.20. [a05-17655_1ex10d1.htm#a6_20_LeverageRatio_TheParentAndT_213917]

Leverage Ratio [a05-17655_1ex10d1.htm#a6_20_LeverageRatio_TheParentAndT_213917]

 

 

6.21. [a05-17655_1ex10d1.htm#a6_21_MinimumConsolidatedNetWorth_213918]

Minimum Consolidated Net Worth
[a05-17655_1ex10d1.htm#a6_21_MinimumConsolidatedNetWorth_213918]

 

 

6.22. [a05-17655_1ex10d1.htm#a6_22_CapitalExpenditures_ThePare_213923]

Capital Expenditures
[a05-17655_1ex10d1.htm#a6_22_CapitalExpenditures_ThePare_213923]

 

 

6.23. [a05-17655_1ex10d1.htm#a6_23_SubsidiaryCollateralDocumen_213925]

Subsidiary Collateral Documents; Subsidiary Guarantors
[a05-17655_1ex10d1.htm#a6_23_SubsidiaryCollateralDocumen_213925]

 

 

ii

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

 

 

6.24. [a05-17655_1ex10d1.htm#a6_24_ForeignSubsidiaryInvestment_213941]

Foreign Subsidiary Investments
[a05-17655_1ex10d1.htm#a6_24_ForeignSubsidiaryInvestment_213941]

 

 

6.25. [a05-17655_1ex10d1.htm#a6_25_TopcoInvestments_SoLongAsTo_213942]

TOPCO Investments
[a05-17655_1ex10d1.htm#a6_25_TopcoInvestments_SoLongAsTo_213942]

 

 

 

 

 

ARTICLE VII [a05-17655_1ex10d1.htm#ArticleviiDefaults_213945]

DEFAULTS [a05-17655_1ex10d1.htm#ArticleviiDefaults_213945]

 

 

 

 

ARTICLE VIII [a05-17655_1ex10d1.htm#ArticleviiiAccelerationWaiversAme_214022]

ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
[a05-17655_1ex10d1.htm#ArticleviiiAccelerationWaiversAme_214022]

 

 

 

 

 

8.1. [a05-17655_1ex10d1.htm#a8_1_Acceleration_iifAnyDefaultDe_214023]

Acceleration [a05-17655_1ex10d1.htm#a8_1_Acceleration_iifAnyDefaultDe_214023]

 

 

8.2. [a05-17655_1ex10d1.htm#a8_2_Amendments_SubjectToTheProvi_214027]

Amendments [a05-17655_1ex10d1.htm#a8_2_Amendments_SubjectToTheProvi_214027]

 

 

8.3. [a05-17655_1ex10d1.htm#a8_3_PreservationOfRights_NoDelay_214030]

Preservation of Rights
[a05-17655_1ex10d1.htm#a8_3_PreservationOfRights_NoDelay_214030]

 

 

 

 

 

ARTICLE IX [a05-17655_1ex10d1.htm#ArticleixGeneralProvisions_214032]

GENERAL PROVISIONS [a05-17655_1ex10d1.htm#ArticleixGeneralProvisions_214032]

 

 

 

 

 

9.1. [a05-17655_1ex10d1.htm#a9_1_SurvivalOfRepresentations_Al_214038]

Survival of Representations
[a05-17655_1ex10d1.htm#a9_1_SurvivalOfRepresentations_Al_214038]

 

 

9.2. [a05-17655_1ex10d1.htm#a9_2_GovernmentalRegulation_Anyth_214039]

Governmental Regulation
[a05-17655_1ex10d1.htm#a9_2_GovernmentalRegulation_Anyth_214039]

 

 

9.3. [a05-17655_1ex10d1.htm#a9_3_Headings_SectionheadingsInTh_214040]

Headings [a05-17655_1ex10d1.htm#a9_3_Headings_SectionheadingsInTh_214040]

 

 

9.4. [a05-17655_1ex10d1.htm#a9_4_EntireAgreement_TheLoanDocum_214042]

Entire Agreement
[a05-17655_1ex10d1.htm#a9_4_EntireAgreement_TheLoanDocum_214042]

 

 

9.5. [a05-17655_1ex10d1.htm#a9_5_SeveralObligationsBenefitsOf_214043]

Several Obligations; Benefits of this Agreement
[a05-17655_1ex10d1.htm#a9_5_SeveralObligationsBenefitsOf_214043]

 

 

9.6. [a05-17655_1ex10d1.htm#a9_6_ExpensesIndemnification__214045]

Expenses; Indemnification
[a05-17655_1ex10d1.htm#a9_6_ExpensesIndemnification__214045]

 

 

9.7. [a05-17655_1ex10d1.htm#a9_7_NumbersOfDocuments_AllStatem_214052]

Numbers of Documents
[a05-17655_1ex10d1.htm#a9_7_NumbersOfDocuments_AllStatem_214052]

 

 

9.8. [a05-17655_1ex10d1.htm#a9_8_Accounting_ExceptAsProvidedT_214053]

Accounting [a05-17655_1ex10d1.htm#a9_8_Accounting_ExceptAsProvidedT_214053]

 

 

9.9. [a05-17655_1ex10d1.htm#a9_9_SeverabilityOfProvisions_Any_214054]

Severability of Provisions
[a05-17655_1ex10d1.htm#a9_9_SeverabilityOfProvisions_Any_214054]

 

 

9.10. [a05-17655_1ex10d1.htm#a9_10_NonliabilityOfLenders_TheRe_214056]

Nonliability of Lenders
[a05-17655_1ex10d1.htm#a9_10_NonliabilityOfLenders_TheRe_214056]

 

 

9.11. [a05-17655_1ex10d1.htm#a9_11_Confidentiality_EachLenderA_214102]

Confidentiality [a05-17655_1ex10d1.htm#a9_11_Confidentiality_EachLenderA_214102]

 

 

9.12. [a05-17655_1ex10d1.htm#a9_12_LendersNotUtilizingPlanAsse_214105]

Lenders Not Utilizing Plan Assets
[a05-17655_1ex10d1.htm#a9_12_LendersNotUtilizingPlanAsse_214105]

 

 

9.13. [a05-17655_1ex10d1.htm#a9_13_Nonreliance_EachLenderHereb_214106]

Nonreliance [a05-17655_1ex10d1.htm#a9_13_Nonreliance_EachLenderHereb_214106]

 

 

9.14. [a05-17655_1ex10d1.htm#a9_14_Disclosure_TheBorrowerThePa_214108]

Disclosure [a05-17655_1ex10d1.htm#a9_14_Disclosure_TheBorrowerThePa_214108]

 

 

9.15. [a05-17655_1ex10d1.htm#a9_15_PerformanceOfObligations_Ea_214110]

Performance of Obligations
[a05-17655_1ex10d1.htm#a9_15_PerformanceOfObligations_Ea_214110]

 

 

9.16. [a05-17655_1ex10d1.htm#a9_16_UsaPatriotAct_EachLenderHer_214115]

USA PATRIOT Act [a05-17655_1ex10d1.htm#a9_16_UsaPatriotAct_EachLenderHer_214115]

 

 

9.17. [a05-17655_1ex10d1.htm#a9_17_NoDutiesImposedOnSyndicatio_214116]

No Duties Imposed on Syndication Agents or Documentation Agents
[a05-17655_1ex10d1.htm#a9_17_NoDutiesImposedOnSyndicatio_214116]

 

 

 

 

 

ARTICLE X [a05-17655_1ex10d1.htm#ArticlexTheAgent_214120]

THE AGENT [a05-17655_1ex10d1.htm#ArticlexTheAgent_214120]

 

 

 

 

 

10.1. [a05-17655_1ex10d1.htm#a10_1_AppointmentNatureOfRelation_214122]

Appointment; Nature of Relationship
[a05-17655_1ex10d1.htm#a10_1_AppointmentNatureOfRelation_214122]

 

 

10.2. [a05-17655_1ex10d1.htm#a10_2_Powers_TheAgentShallHaveAnd_214123]

Powers [a05-17655_1ex10d1.htm#a10_2_Powers_TheAgentShallHaveAnd_214123]

 

 

10.3. [a05-17655_1ex10d1.htm#a10_3_GeneralImmunity_NeitherTheA_214126]

General Immunity
[a05-17655_1ex10d1.htm#a10_3_GeneralImmunity_NeitherTheA_214126]

 

 

10.4. [a05-17655_1ex10d1.htm#a10_4_NoResponsibilityForLoansRec_214127]

No Responsibility for Loans, Recitals, etc
[a05-17655_1ex10d1.htm#a10_4_NoResponsibilityForLoansRec_214127]

 

 

10.5. [a05-17655_1ex10d1.htm#a10_5_ActionOnInstructionsOfLende_214128]

Action on Instructions of Lenders
[a05-17655_1ex10d1.htm#a10_5_ActionOnInstructionsOfLende_214128]

 

 

10.6. [a05-17655_1ex10d1.htm#a10_6_EmploymentOfAgentsAndCounse_214130]

Employment of Agents and Counsel
[a05-17655_1ex10d1.htm#a10_6_EmploymentOfAgentsAndCounse_214130]

 

 

10.7. [a05-17655_1ex10d1.htm#a10_7_RelianceOnDocumentsCounsel__214131]

Reliance on Documents; Counsel
[a05-17655_1ex10d1.htm#a10_7_RelianceOnDocumentsCounsel__214131]

 

 

10.8. [a05-17655_1ex10d1.htm#a10_8_AgentsReimbursementAndIndem_214133]

Agent’s Reimbursement and Indemnification
[a05-17655_1ex10d1.htm#a10_8_AgentsReimbursementAndIndem_214133]

 

 

10.9. [a05-17655_1ex10d1.htm#a10_9__211634]

Notice of Default [a05-17655_1ex10d1.htm#a10_9__211634]

 

 

10.10. [a05-17655_1ex10d1.htm#a10_10__211636]

Rights as a Lender [a05-17655_1ex10d1.htm#a10_10__211636]

 

 

10.11. [a05-17655_1ex10d1.htm#a10_11__211638]

Lender Credit Decision [a05-17655_1ex10d1.htm#a10_11__211638]

 

 

10.12. [a05-17655_1ex10d1.htm#a10_12__211640]

Successor Agent [a05-17655_1ex10d1.htm#a10_12__211640]

 

 

10.13. [a05-17655_1ex10d1.htm#a10_13__211644]

Agent and Arranger Fees [a05-17655_1ex10d1.htm#a10_13__211644]

 

 

10.14. [a05-17655_1ex10d1.htm#a10_14__211646]

Delegation to Affiliates [a05-17655_1ex10d1.htm#a10_14__211646]

 

 

10.15. [a05-17655_1ex10d1.htm#a10_15__211649]

Collateral Documents [a05-17655_1ex10d1.htm#a10_15__211649]

 

 

10.16. [a05-17655_1ex10d1.htm#a10_16__211715]

Quebec Security [a05-17655_1ex10d1.htm#a10_16__211715]

 

 

iii

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

 

ARTICLE XI [a05-17655_1ex10d1.htm#Articlexi_211726]

SETOFF; RATABLE PAYMENTS [a05-17655_1ex10d1.htm#Articlexi_211726]

 

 

 

 

 

11.1. [a05-17655_1ex10d1.htm#a11_1__211731]

Setoff [a05-17655_1ex10d1.htm#a11_1__211731]

 

 

11.2. [a05-17655_1ex10d1.htm#a11_2_211847]

Ratable Payments [a05-17655_1ex10d1.htm#a11_2_211847]

 

 

 

 

 

ARTICLE XII [a05-17655_1ex10d1.htm#Articlexii_211850]

BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
[a05-17655_1ex10d1.htm#Articlexii_211850]

 

 

 

 

 

12.1. [a05-17655_1ex10d1.htm#a12__211854]

Successors and Assigns; Designated Lenders [a05-17655_1ex10d1.htm#a12__211854]

 

 

12.2. [a05-17655_1ex10d1.htm#a12_2__212009]

Participations [a05-17655_1ex10d1.htm#a12_2__212009]

 

 

12.3. [a05-17655_1ex10d1.htm#a12_3_212053]

Assignments [a05-17655_1ex10d1.htm#a12_3_212053]

 

 

12.4. [a05-17655_1ex10d1.htm#a12_4_212226]

Dissemination of Information [a05-17655_1ex10d1.htm#a12_4_212226]

 

 

12.5. [a05-17655_1ex10d1.htm#a12_5_212228]

Tax Certifications [a05-17655_1ex10d1.htm#a12_5_212228]

 

 

12.6. [a05-17655_1ex10d1.htm#a12_6_212237]

Reimbursement Obligations [a05-17655_1ex10d1.htm#a12_6_212237]

 

 

 

 

 

ARTICLE XIII [a05-17655_1ex10d1.htm#Articlexiii_212239]

NOTICES [a05-17655_1ex10d1.htm#Articlexiii_212239]

 

 

 

 

 

13.1. [a05-17655_1ex10d1.htm#a13_1_212242]

Notices [a05-17655_1ex10d1.htm#a13_1_212242]

 

 

13.2. [a05-17655_1ex10d1.htm#a13_2_212244]

Change of Address [a05-17655_1ex10d1.htm#a13_2_212244]

 

 

 

 

 

ARTICLE XIV [a05-17655_1ex10d1.htm#Articlexiv_212246]

COUNTERPARTS [a05-17655_1ex10d1.htm#Articlexiv_212246]

 

 

 

 

ARTICLE XV [a05-17655_1ex10d1.htm#Articlexv_212250]

CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL
[a05-17655_1ex10d1.htm#Articlexv_212250]

 

 

 

 

 

15.1. [a05-17655_1ex10d1.htm#a15_1_212253]

CHOICE OF LAW [a05-17655_1ex10d1.htm#a15_1_212253]

 

 

15.2. [a05-17655_1ex10d1.htm#a15_2_212313]

CONSENT TO JURISDICTION [a05-17655_1ex10d1.htm#a15_2_212313]

 

 

15.3. [a05-17655_1ex10d1.htm#a15_3_212324]

WAIVER OF JURY TRIAL [a05-17655_1ex10d1.htm#a15_3_212324]

 

 

 

 

 

ARTICLE XVI [a05-17655_1ex10d1.htm#Articlexvi_212327]

NO NOVATION; CONTINUATION; REFERENCES TO THIS AGREEMENT IN LOAN DOCUMENTS
[a05-17655_1ex10d1.htm#Articlexvi_212327]

 

 

 

 

 

16.1. [a05-17655_1ex10d1.htm#a16_1_212331]

No Novation; Continuation [a05-17655_1ex10d1.htm#a16_1_212331]

 

 

16.2. [a05-17655_1ex10d1.htm#a16_2_212349]

References to This Agreement In Other Loan Documents
[a05-17655_1ex10d1.htm#a16_2_212349]

 

 

iv

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

 

SCHEDULES

 

 

 

Commitment Schedule

 

 

 

 

 

 

 

Pricing Schedule

 

 

 

Schedule 5.8

-

Subsidiaries

 

 

 

 

 

Schedule 6.12

-

Identified Property Dispositions

 

 

 

 

 

Schedule 6.13

-

Investments

 

 

 

 

 

Schedule 6.14

-

Indebtedness

 

 

 

 

 

Schedule 6.15

-

Liens

 

 

 

 

 

EXHIBITS

 

 

 

 

 

Exhibit A

-

Form of the Credit Parties’ Counsel’s Opinion

 

 

 

 

 

Exhibit B

-

Form of Compliance Certificate

 

 

 

 

 

Exhibit C

-

Form of Assignment and Assumption Agreement

 

 

 

 

 

Exhibit D

-

Form of Promissory Note (if requested)

 

 

 

 

 

Exhibit E

-

Form of Designation Agreement

 

 

 

 

 

Exhibit F

-

List of Closing Documents

 

 

i

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

 

AMENDED AND RESTATED
FIVE-YEAR REVOLVING CREDIT AGREEMENT

 

This Amended and Restated Five-Year Revolving Credit Agreement, dated as of
October 12, 2005, is entered into by and among United Stationers Supply Co., an
Illinois corporation, as the Borrower, United Stationers Inc., a Delaware
corporation, as a Credit Party, the Lenders, PNC Bank, N.A. and U.S. Bank,
National Association, as Syndication Agents, KeyBank National Association, as
Documentation Agent, and JPMorgan Chase Bank, N.A. (successor by merger to Bank
One, NA (Illinois)), as Agent.

 

PRELIMINARY STATEMENTS

 

WHEREAS, the Parent, the Borrower, certain Lenders, the Departing Lenders and
the Agent are parties to that certain Credit Agreement, dated as of March 21,
2003 (as amended, restated, supplemented or otherwise modified prior to the date
hereof, the “Existing Credit Agreement”);

 

WHEREAS, the Parent, the Borrower, the Lenders and the Agent have agreed to
enter into this Agreement in order to (i) amend and restate the Existing Credit
Agreement in its entirety; (ii) re-evidence the Obligations, which shall be
repayable in accordance with the terms of this Agreement; and (iii) set forth
the terms and conditions under which the Lenders will, from time to time, make
loans and extend other financial accommodations to or for the benefit of the
Borrower; and

 

WHEREAS, each Departing Lender has agreed to execute and deliver a Departing
Lender Signature Page pursuant to which such Departing Lender shall cease to be
a party to the Existing Credit Agreement.

 

NOW, THEREFORE, in consideration of the mutual covenants herein, as well as
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree that the Existing Credit Agreement
is hereby amended and restated in its entirety as of the date hereof as follows:

 

ARTICLE I

DEFINITIONS

 

1.1.          CERTAIN DEFINED TERMS.  AS USED IN THIS AGREEMENT:

 

“Accounting Changes” is defined in Section 9.8 hereof.

 

“Acquisition” means any transaction, or any series of related transactions,
consummated on or after the Restatement Effective Date, by which the Parent or
any of its Subsidiaries (i) acquires any going concern business or all or
substantially all of the assets of any Person, or division thereof, whether
through purchase of assets, merger or otherwise or (ii) directly or indirectly
acquires from one or more Persons (in one transaction or as the most recent
transaction in a series of transactions) at least a majority (in number of
votes) of the securities of a corporation which have ordinary voting power for
the election of directors (other than securities

 

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

 

having such power only by reason of the happening of a contingency) or a
majority (by percentage of voting power) of the outstanding ownership interests
of any Person.

 

“Administrative Questionnaire” means, with respect to any Lender, the
administrative questionnaire delivered by such Lender to the Agent upon becoming
a Lender hereunder, as such questionnaire may be updated from time to time by
notice from such Lender to the Agent.

 

“Advance” means a borrowing hereunder consisting of the aggregate amount of
several Revolving Loans (i) made by some or all of the Lenders on the same date,
or (ii) converted or continued by the Lenders on the same date of conversion or
continuation, consisting, in either case, of the aggregate amount of the several
Revolving Loans of the same Type and, in the case of Eurodollar Loans, for the
same Interest Period.  The term “Advance” shall include Swing Line Loans unless
otherwise expressly provided.

 

“Affiliate” of any Person means any other Person directly or indirectly
controlling, controlled by or under common control with such Person.  A Person
shall be deemed to control another Person if the controlling Person is the
“beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act
of 1934) of 10% or more of any class of voting securities (or other ownership
interests) of the controlled Person having ordinary voting power for the
election of directors (or equivalent governing body) or possesses, directly or
indirectly, the power to direct or cause the direction of the management or
policies of the controlled Person, whether through ownership of voting
securities, by contract or otherwise.

 

“Agent” means JPMorgan Chase in its capacity as contractual representative of
the Lenders pursuant to Article X, and not in its individual capacity as a
Lender, and any successor Agent appointed pursuant to Article X.

 

“Aggregate Commitment” means the aggregate of the Commitments of all the
Lenders, as increased or reduced from time to time pursuant to the terms
hereof.  The initial Aggregate Commitment is Two Hundred Seventy-Five Million
and 00/100 Dollars ($275,000,000).

 

“Aggregate Outstanding Credit Exposure” means, at any time, the aggregate of the
Outstanding Credit Exposure of all the Lenders.

 

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

 

“Agreement Accounting Principles” means generally accepted accounting principles
as in effect in the United States from time to time.

 

“Alternate Base Rate” means, for any day, a rate of interest per annum equal to
the greater of (i) the Prime Rate in effect on such day and (ii) the Federal
Funds Effective Rate in effect on such day plus one-half of one percent (0.5%)
per annum.   Any change in the Alternate Base Rate due to a change in the Prime
Rate or the Federal Funds Effective Rate shall be effective from and including
the effective date of such change in the Prime Rate or the Federal Funds
Effective Rate, respectively.

 

2

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

 

“Applicable Fee Rate” means, with respect to the Commitment Fee at any time, the
percentage rate per annum which is applicable at such time with respect to such
fee as set forth in the Pricing Schedule.

 

“Applicable Margin” means, with respect to Advances of any Type at any time, the
percentage rate per annum which is applicable at such time with respect to
Advances of such Type as set forth in the Pricing Schedule.

 

“Approved Fund” means 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.

 

“Arranger” means J.P. Morgan Securities Inc., and its successors, in its
capacity as sole lead arranger and sole book runner for the loan transaction
evidenced by this Agreement.

 

“Article” means an article of this Agreement unless another document is
specifically referenced.

 

“Assignment Agreement” is defined in Section 12.3.1.

 

“Authorized Officer” means any of the chief executive officer, president, chief
operating officer, chief financial officer, controller, treasurer or assistant
treasurer of the Parent, acting singly.

 

“Available Aggregate Commitment” means, at any time, the Aggregate Commitment
then in effect minus the Aggregate Outstanding Credit Exposure at such time.

 

 “Borrower” means United Stationers Supply Co., an Illinois corporation, and its
permitted successors and assigns (including, without limitation, a debtor in
possession on its behalf).

 

“Borrowing Date” means a date on which an Advance is made hereunder.

 

“Borrowing Notice” is defined in Section 2.8.

 

“Business Day” means (i) with respect to any borrowing, payment or rate
selection of Eurodollar Advances, a day (other than a Saturday or Sunday) on
which banks generally are open in Chicago, Illinois for the conduct of
substantially all of their commercial lending activities, interbank wire
transfers can be made on the Fedwire system and dealings in Dollars are carried
on in the London interbank market and (ii) for all other purposes, a day (other
than a Saturday or Sunday) on which banks generally are open in Chicago,
Illinois for the conduct of substantially all of their commercial lending
activities and interbank wire transfers can be made on the Fedwire system.

 

“Canadian Subsidiary” means (i) any Foreign Subsidiary organized under the laws
of Canada or any jurisdiction located therein and (ii) any Subsidiary of a
Person described in clause (i) hereof that is organized under the laws of a
jurisdiction located in the United States of America.

 

3

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

 

“Capital Expenditures” means, without duplication, any expenditures for any
purchase or other acquisition of any asset which would be classified as a fixed
or capital asset on a consolidated balance sheet of the Parent and its
Subsidiaries prepared in accordance with Agreement Accounting Principles,
excluding (i) expenditures of insurance proceeds to rebuild or replace any asset
after a casualty loss, (ii) leasehold improvement expenditures for which the
Parent or a Subsidiary is reimbursed by the lessor, sublessor or sublessee,
(iii) expenditures of Net Cash Proceeds of any asset sale permitted under
Section 6.12, and (iv) with respect to any Permitted Acquisition, (a) the
Purchase Price thereof and (b) any Capital Expenditures expended by the seller
or entity to be acquired in any Permitted Acquisition prior to the date of such
Permitted Acquisition.

 

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

 

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

 

“Cash Equivalent Investments” means (i) obligations of, or fully guaranteed by,
the United States of America having maturities of not more than one year from
the date of acquisition thereof, (ii) commercial paper rated A-1 or better by
S&P or P-1 or better by Moody’s, (iii) demand deposit accounts maintained in the
ordinary course of business, and (iv) certificates of deposit issued by and time
deposits with commercial banks (whether domestic or foreign) having capital and
surplus in excess of $100,000,000, (v) money market funds that (a) comply with
the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of
1940, (b) are rated AAA by S&P or Aaa by Moody’s and (c) have portfolio assets
of at least $5,000,000,000, (vi) marketable direct obligations issued by any
state of the United States or any political subdivision of any such state or any
public instrumentality thereof having maturities of not more than 90 days from
the date of acquisition thereof and, at the time of acquisition, having one of
the two highest ratings obtainable from either S&P or Moody’s and
(vii) repurchase obligations with a term of not more than 30 days underlying
securities of the types described in clause (i) above entered into with any
commercial bank meeting the qualifications specified in clause (iv) above.

 

“Change in Control” means (i) the acquisition by any Person, or two or more
Persons acting in concert, of beneficial ownership (within the meaning of
Rule 13d-3 of the SEC under the Securities Exchange Act of 1934) of 30% or more
of the outstanding shares of voting stock of the Parent having ordinary voting
power for the election of directors; (ii) the Parent shall cease to own,
directly or indirectly and free and clear of all Liens or other encumbrances
(other than Liens in favor of the Agent), all of the outstanding shares of
voting stock of the Borrower and, other than pursuant to a transaction otherwise
permitted under this Agreement, the Guarantors, on a fully diluted basis; or
(iii) the majority of the Board of Directors of the Parent fails to consist of
Continuing Directors.

 

“Closing Date” means March 21, 2003.

 

4

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

 

“Code” means the Internal Revenue Code of 1986, as amended, reformed or
otherwise modified from time to time, and any rule or regulation issued
thereunder.

 

“Collateral” means all property and interests in property now owned or hereafter
acquired by the Parent or any of its Domestic Subsidiaries in or upon which a
security interest, lien or mortgage is granted to the Agent, for the benefit of
the Holders of Secured Obligations, or to the Agent, for the benefit of the
Lenders, whether under the Security Agreement, under any of the other Collateral
Documents or under any of the other Loan Documents; provided, however, that
Collateral shall not include property constituting “Securitization Collateral”
as defined in the Security Agreement.

 

“Collateral Documents” means all agreements, instruments and documents executed
in connection with this Agreement or the Existing Credit Agreement that are
intended to create or evidence Liens to secure the Secured Obligations,
including, without limitation, the Security Agreement, the Intellectual Property
Security Agreements, and all other security agreements, mortgages, deeds of
trust, loan agreements, notes, guarantees, subordination agreements, pledges,
powers of attorney, consents, assignments, contracts, fee letters, notices,
leases, financing statements and all other written matter whether heretofore,
now, or hereafter executed by or on behalf of the Parent or any of its Domestic
Subsidiaries and delivered to the Agent or any of the Lenders, together with all
agreements and documents referred to therein or contemplated thereby.

 

“Collateral Shortfall Amount” is defined in Section 8.1.

 

“Commitment” means, for each Lender, including, without limitation, each LC
Issuer, such Lender’s obligation to make Loans to, and participate in Facility
LCs issued upon the application of, and each LC Issuer’s obligation to issue
Facility LCs for the account of, the Borrower in an aggregate amount not
exceeding the amount set forth for such Lender on the Commitment Schedule or in
an Assignment Agreement delivered pursuant to Section 12.3, as such amount may
be modified from time to time pursuant to the terms hereof.

 

“Commitment Fee” is defined in Section 2.5.1.

 

“Commitment Schedule” means the Schedule identifying each Lender’s Commitment as
of the Restatement Effective Date attached hereto and identified as such.

 

“Consolidated Capital Expenditures” means, with reference to any period, the
Capital Expenditures of the Parent and its Subsidiaries (other than TOPCO)
calculated on a consolidated basis for such period.

 

“Consolidated EBITDA” means, with respect to any period, Consolidated Net Income
for such period plus, to the extent deducted from revenues in determining
Consolidated Net Income for such period, (i) Consolidated Interest Expense,
(ii) expense for taxes paid or accrued, (iii) depreciation, (iv) amortization,
(v) losses attributable to equity in Affiliates, (vi) non-cash charges related
to employee compensation and (vii) any extraordinary non-cash or nonrecurring
non-cash charges or losses, minus, to the extent included in Consolidated Net
Income for such period, any extraordinary non-cash or nonrecurring non-cash
gains, all calculated for the Parent and its Subsidiaries (other than TOPCO) on
a consolidated basis.

 

5

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

 

“Consolidated Funded Indebtedness” means, at any time, with respect to any
Person, without duplication, the sum of (i) the aggregate dollar amount of
Consolidated Indebtedness for borrowed money owing by such Person or for which
such Person is liable which has actually been funded and is outstanding at such
time, whether or not such amount is due or payable at such time, plus (ii) the
aggregate undrawn amount of all standby Letters of Credit at such time for which
such Person or any of its Subsidiaries is the account party or is otherwise
liable (other than standby Letters of Credit in an amount up to $10,000,000
issued to support worker’s compensation obligations of the Credit Parties and
other than Letters of Credit supporting any other component of this definition),
plus (iii) the aggregate principal component of Capitalized Lease Obligations
owing by such Person and its Subsidiaries on a consolidated basis or for which
such Person or any of its Subsidiaries is otherwise liable, plus (iv) all
Off-Balance Sheet Liabilities of such Person and its Subsidiaries on a
consolidated basis, plus (v) all Disqualified Stock of such Person and its
Subsidiaries on a consolidated basis.

 

“Consolidated Indebtedness” means at any time, with respect to any Person, the
Indebtedness of such Person and its Subsidiaries calculated on a consolidated
basis as of such time.

 

“Consolidated Interest Expense” means, with reference to any period, the
interest expense of the Parent and its Subsidiaries calculated on a consolidated
basis for such period (net of interest income), including, without limitation,
yield or any other financing costs resembling interest which are payable under
any Receivables Purchase Facility.

 

“Consolidated Net Income” means, with reference to any period, the net income
(or loss) of the Parent and its Subsidiaries (other than TOPCO) calculated on a
consolidated basis for such period and on a FIFO basis of inventory valuation.

 

“Consolidated Net Worth” means at any time, with respect to any Person, the
consolidated stockholders’ equity of such Person and its Subsidiaries calculated
on a consolidated basis and on a FIFO basis of inventory valuation as of such
time.

 

“Consolidated Rentals” means, with reference to any period, the rental expense
(net of rental income) of the Parent and its Subsidiaries in respect of
Operating Leases, but excluding rental expense for any extension thereof for a
period shorter than twelve months, calculated on a consolidated basis for such
period; provided that rental expense in respect of all non-real property rentals
shall be the amount as set forth on the compliance certificate most recently
delivered to the Agent pursuant to Section 6.1.3 in connection with the most
recent annual financial statements of the Parent delivered pursuant to
Section 6.1.1 (and for the period prior to the delivery of the first such
compliance certificate, the amount set forth on the compliance certificate
delivered pursuant to Section 4.1.5).

 

“Contingent Obligation” of a Person means any agreement, undertaking or
arrangement by which such Person assumes, guarantees, endorses, contingently
agrees to purchase or provide funds for the payment of, or otherwise becomes or
is contingently liable upon, the obligation or liability of any other Person, or
agrees to maintain the net worth or working capital or other financial condition
of any other Person, or otherwise assures any creditor of such other Person
against loss, including, without limitation, any comfort letter, operating
agreement, take-or-pay

 

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contract or the obligations of any such Person as general partner of a
partnership with respect to the liabilities of the partnership unless the
underlying obligation is expressly made non-recourse to such general partner;
provided, however, that the term Contingent Obligation shall not include
endorsements of instruments for deposit or collection in the ordinary course of
business.  The amount of any Contingent Obligation shall be deemed to be an
amount equal to the lesser of (a) an amount equal to the stated or determinable
amount of the primary obligation in respect of which such Contingent Obligation
is made and (b) the maximum amount for which such guaranteeing person may be
liable pursuant to the terms of the instrument embodying such Contingent
Obligation, unless such primary obligation and the maximum amount for which such
guaranteeing person may be liable are not stated or determinable, in which case
the amount of the Contingent Obligation shall be such guaranteeing person’s
reasonably anticipated liability in respect thereof as determined by such Person
in good faith.

 

“Continuing Director” means, with respect to any Person as of any date of
determination, any member of the board of directors of such Person who (i) was a
member of such board of directors on the Restatement Effective Date, or (ii) was
nominated for election or elected to such board of directors with the approval
of the required majority of the Continuing Directors who were members of such
board at the time of such nomination or election; provided that if any
individual who is so elected or nominated in connection with a merger,
consolidation, acquisition or similar transaction and who was not a Continuing
Director prior thereto, together with all other individuals so elected or
nominated in connection with such merger, consolidation, acquisition or similar
transaction who were not Continuing Directors prior thereto, constitute a
majority of the members of the board of directors of such Person, such
individual shall not be a Continuing Director.

 

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

 

“Conversion/Continuation Notice” is defined in Section 2.9.

 

“Credit Extension” means the making of an Advance or the issuance of a Facility
LC hereunder.

 

“Credit Extension Date” means the Borrowing Date for an Advance or the issuance
date for a Facility LC.

 

“Credit Party” means, collectively, the Parent, the Borrower and each of the
Guarantors.

 

“Default” means an event described in Article VII.

 

“Departing Lender” means each lender under the Existing Credit Agreement that
executes and delivers to the Agent a Departing Lender Signature Page.

 

“Departing Lender Signature Page” means each signature page to this Agreement on
which it is indicated that the Departing Lender executing the same shall cease
to be a party to the Existing Credit Agreement on the Restatement Effective
Date.

 

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“Designated Lender” means, with respect to each Designating Lender, each
Eligible Designee designated by such Designating Lender pursuant to
Section 12.1.2.

 

“Designating Lender” means, with respect to each Designated Lender, the Lender
that designated such Designated Lender pursuant to Section 12.1.2.

 

“Designation Agreement” is defined in Section 12.1.2.

 

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

 

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

 

“Domestic Subsidiary” means any Subsidiary of any Person that is not a Foreign
Subsidiary.

 

“Eligible Designee” means a special purpose corporation, partnership, trust,
limited partnership or limited liability company that is administered by the
respective Designating Lender or an Affiliate of such Designating Lender and
(i) is organized under the laws of the United States of America or any state
thereof, (ii) is engaged primarily in making, purchasing or otherwise investing
in commercial loans in the ordinary course of its business and (iii) issues (or
the parent of which issues) commercial paper rated at least A-1 or the
equivalent thereof by S&P or P-1 or the equivalent thereof by Moody’s.

 

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

 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and any rules or regulations promulgated thereunder.

 

“Eurodollar Advance” means an Advance which, except as otherwise provided in
Section 2.11, bears interest at the applicable Eurodollar Rate.

 

“Eurodollar Base Rate” means, with respect to a Eurodollar Advance for the
relevant Interest Period, the applicable British Bankers’ Association LIBOR rate
for deposits in Dollars as reported by any generally recognized financial
information service as of 11:00 a.m. (London time) two (2) Business Days prior
to the first day of such Interest Period, and having a maturity equal to such
Interest Period, provided that, if no such British Bankers’ Association LIBOR
rate is available to the Agent, the applicable Eurodollar Base Rate for the
relevant Interest Period

 

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shall instead be the rate determined by the Agent to be the rate at which
JPMorgan Chase or one of its affiliate banks offers to place deposits in Dollars
with first-class banks in the London interbank market at approximately
11:00 a.m. (London time) two (2) Business Days prior to the first day of such
Interest Period, in the approximate amount of JPMorgan Chase’s relevant
Eurodollar Loan and having a maturity equal to such Interest Period.

 

“Eurodollar Loan” means a Revolving Loan which, except as otherwise provided in
Section 2.11, bears interest at the applicable Eurodollar Rate.

 

“Eurodollar Rate” means, with respect to a Eurodollar Advance for the relevant
Interest Period, the sum of (i) the quotient of (a) the Eurodollar Base Rate
applicable to such Interest Period, divided by (b) one minus the Reserve
Requirement (expressed as a decimal) applicable to such Interest Period, plus
(ii) the then Applicable Margin, changing as and when the Applicable Margin
changes.

 

“Excluded Taxes” means, in the case of each Lender or applicable Lending
Installation and the Agent, taxes imposed on its overall net income, and
franchise taxes or similar taxes imposed on it, by (i) the jurisdiction under
the laws of which such Lender, such Lending Installation or the Agent is
incorporated or organized or any political combination or subdivision or taxing
authority thereof, (ii) the jurisdiction in which the Agent’s, such Lending
Installation’s or such Lender’s principal executive office or such Lender’s
applicable Lending Installation is located or (iii) any other jurisdiction
except to the extent the imposition of such taxes results solely from the
Borrower’s operations or presence in such jurisdiction as reasonably determined
by the Lender or the Agent, as applicable.

 

“Exhibit” refers to an exhibit to this Agreement, unless another document is
specifically referenced.

 

“Existing Credit Agreement” is defined in the Preliminary Statements.

 

“Existing Revolving Loan” is defined in Section 2.1.1.

 

“Facility LC” is defined in Section 2.20.1.

 

“Facility LC Application” is defined in Section 2.20.3.

 

“Facility LC Collateral Account” is defined in Section 2.20.11.

 

“Facility Termination Date” means the earlier of (a) October 12, 2010 and
(b) the date of termination in whole of the Aggregate Commitment pursuant to
Section 2.5 hereof or the Commitments pursuant to Section 8.1 hereof.

 

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

 

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if necessary, to the next 1/100 of 1%) of the quotations for such day for such
transactions received by the Agent from three Federal funds brokers of
recognized standing selected by it.

 

“Financing” means, with respect to any Person, the issuance, assumption,
incurrence or sale by such Person of any Indebtedness (other than Indebtedness
described in Sections 6.14.1 through 6.14.10, any Indebtedness incurred under
Section 6.14.11 and described in clauses (a) or (b) of the first parenthetical
thereof, and any Indebtedness incurred under Section 6.14.12 and described in
the first parenthetical thereof); provided, however, that the foregoing shall
not permit the incurrence by the Parent or any Subsidiary of any Indebtedness if
such incurrence is not otherwise permitted by this Agreement.

 

“Floating Rate” means, for any day, a rate per annum equal to the sum of (i) the
Alternate Base Rate for such day, changing when and as the Alternate Base Rate
changes plus (ii) the then Applicable Margin, changing as and when the
Applicable Margin changes.

 

“Floating Rate Advance” means an Advance which, except as otherwise provided in
Section 2.11, bears interest at the Floating Rate.

 

“Floating Rate Loan” means a Revolving Loan which, except as otherwise provided
in Section 2.11, bears interest at the Floating Rate.

 

“Foreign Subsidiary” means (i) any Subsidiary of any Person that is not
organized under the laws of a jurisdiction located in the United States of
America and (ii) any Subsidiary of a Person described in clause (i) hereof that
is organized under the laws of a jurisdiction located in the United States of
America.

 

“Foreign Subsidiary Investment” means the sum, without duplication, of (i) the
aggregate outstanding principal amount of all intercompany loans made on or
after the Restatement Effective Date from any Credit Party to any Foreign
Subsidiary; (ii) all outstanding Investments made on or after the Restatement
Effective Date by any Credit Party in any Foreign Subsidiary; and (iii) an
amount equal to the net benefit derived by the Foreign Subsidiaries resulting
from any non-arm’s-length transactions, or any other transfer of assets
conducted, in each case entered into on or after the Restatement Effective Date,
between any Credit Party, on the one hand, and such Foreign Subsidiaries, on the
other hand, other than (a) transactions in the ordinary course of business and
(b) in respect of legal, accounting, reporting, listing and similar
administrative services provided by any Credit Party to any such Foreign
Subsidiary in the ordinary course of business consistent with past practice.

 

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

 

“Guarantor” means each of the Parent’s Domestic Subsidiaries (other than the
Borrower, TOPCO and any SPV) and all other Subsidiaries of the Parent which
become Guarantors in satisfaction of the provisions of Section 6.23, in each
case, together with their respective permitted successors and assigns.

 

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“Guaranty” means the Guaranty, dated as of March 21, 2003, made by the Parent
and certain Subsidiaries of the Parent in favor of the Agent for the benefit of
the Holders of Secured Obligations, as the same may be amended, restated,
supplemented or otherwise modified from time to time.

 

“Holders of Secured Obligations” means the holders of the Secured Obligations
from time to time and shall refer to (i) each Lender in respect of its Loans,
(ii) the LC Issuers in respect of Reimbursement Obligations, (iii) the Agent,
the Lenders and the LC Issuers in respect of all other present and future
obligations and liabilities of the Parent, the Borrower or any of their
respective Domestic Subsidiaries of every type and description arising under or
in connection with this Agreement or any other Loan Document, (iii) each Person
benefiting from indemnities made by the Parent, the Borrower or any Subsidiary
hereunder or under other Loan Documents, (iv) each Lender (or Affiliate
thereof), in respect of all Rate Management Obligations of the Borrower to such
Lender (or such Affiliate) as exchange party or counterparty under any Rate
Management Transaction, and (v) their respective successors, transferees and
assigns (to the extent not prohibited by this Agreement).

 

“Identified Disclosure Documents” means, collectively, the Parent’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2004, the Parent’s
Quarterly Reports on Form 10-Q for the periods ending on March 31, 2005 and
June 30, 2005, and the Current Reports on Form 8-K filed by the Parent on
February 11, 2005, February 28, 2005, March 30, 2005, May 6, 2005, May 16, 2005,
May 20, 2005, July 29, 2005 and August 9, 2005, in each case as filed with the
SEC, and any written disclosure memorandum delivered to the Lenders on or prior
to October 11, 2005.

 

“Indebtedness” of a Person means, at any time, without duplication, such
Person’s (i) obligations for borrowed money which in accordance with Agreement
Accounting Principles would be shown as a liability on the consolidated balance
sheet of such Person, (ii) obligations representing the deferred purchase price
of Property or services (other than current accounts payable arising in the
ordinary course of such Person’s business payable on terms customary in the
trade and accrued expenses in connection with the provision of services incurred
in the ordinary course of such Person’s business), (iii) Indebtedness of others,
whether or not assumed, secured by Liens or payable out of the proceeds or
production from Property now or hereafter owned or acquired by such Person
(provided that the amount of any such Indebtedness at any time shall be deemed
to be the lesser of (a) such Indebtedness at such time and (b) the fair market
value of such Property, as determined by such Person in good faith at such
time), (iv) financial obligations which are evidenced by notes, bonds,
debentures, acceptances, or other instruments, (v) obligations to purchase
securities or other Property arising out of or in connection with the sale of
the same or substantially similar securities or Property, (vi) Capitalized Lease
Obligations, (vii) Contingent Obligations of such Person in respect of any
Indebtedness, (viii) reimbursement obligations under Letters of Credit, bankers’
acceptances, surety bonds and similar instruments, (ix) Off-Balance Sheet
Liabilities, (x) Net Mark-to-Market Exposure under Rate Management Transactions
and (xi) Disqualified Stock.

 

“Intellectual Property Security Agreements” means each of (i) the Trademark
Security Agreement, dated as of March 21, 2003, by and among the Agent and the
Borrower, Azerty Incorporated and Lagasse, Inc., (ii) the Copyright Security
Agreement, dated as of March 21,

 

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2003, by and between the Agent and the Borrower, and (iii) such other
intellectual property security documents as the Borrower or any Affiliate may
from time to time make in favor of the Agent, in each case as the same may be
amended, restated, supplemented or otherwise modified from time to time.

 

“Interest Period” means, with respect to a Eurodollar Advance, a period of one,
two, three or six months, or, to the extent available to all of the Lenders,
nine or twelve months, commencing on a Business Day selected by the Borrower
pursuant to this Agreement.  Such Interest Period shall end on but exclude the
day which corresponds numerically to such date one, two, three or six months, or
if applicable nine or twelve months, thereafter, provided, however, that if
there is no such numerically corresponding day in such next, second, third,
sixth, ninth or twelfth succeeding month, such Interest Period shall end on the
last Business Day of such next, second, third, sixth, ninth or twelfth
succeeding month.  If an Interest Period would otherwise end on a day which is
not a Business Day, such Interest Period shall end on the next succeeding
Business Day, provided, however, that if said next succeeding Business Day falls
in a new calendar month, such Interest Period shall end on the immediately
preceding Business Day.

 

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

 

“JPMorgan Chase” means JPMorgan Chase Bank, N.A. (successor by merger to Bank
One, NA (Illinois)), in its individual capacity, and its successors.

 

“LC Fee” is defined in Section 2.20.4.

 

“LC Issuer” means JPMorgan Chase (or any Subsidiary or Affiliate of JPMorgan
Chase designated by JPMorgan Chase) or any of the other Lenders, as applicable,
in its respective capacity as issuer of Facility LCs hereunder.

 

“LC Obligations” means, at any time, the sum, without duplication, of (i) the
aggregate undrawn amount under all Facility LCs outstanding at such time plus
(ii) the aggregate unpaid amount at such time of all Reimbursement Obligations.

 

“LC Payment Date” is defined in Section 2.20.5.

 

“LC Reimbursement Date” is defined in Section 2.20.6.

 

“Lenders” means the lending institutions listed on the signature pages of this
Agreement and their respective successors and assigns.  Unless otherwise
specified, the term “Lenders” includes the Swing Line Lender and the LC Issuers.

 

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“Lending Installation” means, with respect to a Lender or the Agent, the office,
branch, Subsidiary or Affiliate of such Lender or the Agent listed on the
signature pages hereof or on the administrative information sheets provided to
the Agent in connection herewith or on a Schedule or otherwise selected by such
Lender or the Agent pursuant to Section 2.17.

 

“Letter of Credit” of a Person means a letter of credit or similar instrument
which is issued upon the application of such Person or upon which such Person is
an account party or, without duplication, for which such Person has a
reimbursement obligation.

 

“Leverage Ratio” is defined in Section 6.20.

 

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

 

“Loan” means, with respect to a Lender, such Lender’s loan made pursuant to
Article II (or any conversion or continuation thereof), whether constituting a
Revolving Loan or a Swing Line Loan.

 

“Loan Documents” means this Agreement, the Facility LC Applications, the
Collateral Documents, the Guaranty, and all other documents, instruments, notes
(including any Notes issued pursuant to Section 2.13 (if requested)) and
agreements executed in connection herewith or therewith or contemplated hereby
or thereby, as the same may be amended, restated or otherwise modified and in
effect from time to time.

 

“Material Adverse Effect” means a material adverse effect on (i) the business,
condition (financial or otherwise), operations, Properties or prospects of the
Parent and its Subsidiaries taken as a whole, or the Borrower and its
Subsidiaries taken as a whole, (ii) the ability of the Parent, the Borrower or
any Subsidiary to perform its obligations under the Loan Documents, (iii) the
validity or enforceability of any of the Loan Documents or (iv) the rights or
remedies of the Agent, the LC Issuers or the Lenders thereunder or their rights
with respect to the Collateral taken as a whole.

 

“Material Foreign Subsidiary” means any direct or indirect first-tier Foreign
Subsidiary of the Parent that at any time has (i) (a) sales as of the last day
of any fiscal quarter (calculated on a consolidated basis for such Subsidiary
and its consolidated Subsidiaries for the twelve-month period then ended)
greater than or equal to five percent (5%) of consolidated sales of the Parent
and its Subsidiaries for such period and (b) Consolidated EBITDA as of the last
day of such fiscal quarter (calculated on a consolidated basis for such
Subsidiary and its consolidated Subsidiaries for the twelve-month period then
ended) greater than or equal to five percent (5%) of Consolidated EBITDA of the
Parent and its Subsidiaries for such period, or (ii) on a consolidated basis for
such Subsidiary and its consolidated Subsidiaries at any time five percent (5%)
or more of the consolidated total assets of the Parent and its Subsidiaries as
reported in the most recent annual or quarterly financial statements of the
Parent delivered pursuant to Section 6.1.1 or 6.1.2.

 

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“Material Indebtedness” means any Indebtedness in an outstanding principal
amount of $25,000,000 or more in the aggregate (or the equivalent thereof in any
currency other than Dollars), other than the Obligations.

 

“Modify” and “Modification” are defined in Section 2.20.1.

 

“Moody’s” means Moody’s Investors Services, Inc. and any successor thereto.

 

“Multiemployer Plan” means a multiemployer plan, as defined in
Section 4001(a)(3) of ERISA, which is covered by Title IV of ERISA and to which
the Parent or any member of the Controlled Group is obligated to make
contributions.

 

“Net Cash Proceeds” means, with respect to any sale of Property or any Financing
by any Person, (a) cash (freely convertible into Dollars) received by such
Person or any Subsidiary of such Person from such sale of Property or Financing,
after (i) provision for all income or other taxes measured by or resulting from
such sale of Property, (ii) payment of all reasonable brokerage commissions and
other fees and expenses related to such sale of Property or Financing, and
(iii) all amounts used to repay Indebtedness secured by a Lien on any asset
disposed of in such sale of Property which is or may be required (by the express
terms of the instrument governing such Indebtedness or by the purchaser of such
Property) to be repaid in connection with such sale of Property (including
payments made to obtain or avoid the need for the consent of any holder of such
Indebtedness).

 

“Net Mark-to-Market Exposure” of a Person means, as of any date of
determination, the excess (if any) of all unrealized losses over all unrealized
profits of such Person arising from Rate Management Transactions.  “Unrealized
losses” means the fair market value of the cost to such Person of replacing such
Rate Management Transaction as of the date of determination (assuming the Rate
Management Transaction were to be terminated as of that date), and “unrealized
profits” means the fair market value of the gain to such Person of replacing
such Rate Management Transaction as of the date of determination (assuming such
Rate Management Transaction were to be terminated as of that date).

 

 “Non-U.S. Lender” is defined in Section 3.5(iv).

 

“Note” is defined in Section 2.13.

 

“Obligations” means all unpaid principal of and accrued and unpaid interest on
the Loans, all Reimbursement Obligations, accrued and unpaid fees, all expense
and other reimbursement obligations, and all indemnities and other obligations
of any Credit Party to the Agent, any Lender, the Arranger (or any Affiliate of
any of the foregoing) or any Person benefiting from indemnities made by any
Credit Party hereunder or under any other Loan Document, in each case of any
kind or nature, present or future, arising under this Agreement, the Existing
Credit Agreement or any other Loan Document, whether direct or indirect
(including those acquired by assignment), absolute or contingent, due or to
become due, now existing or hereafter arising and however acquired.  The term
includes, without limitation, all interest, charges, expenses, fees, outside
attorneys’ fees and disbursements, paralegals’ fees (in each case whether or not
allowed under the Federal bankruptcy laws), and any other sum

 

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chargeable to any Credit Party under this Agreement, the Existing Credit
Agreement or any other Loan Document.

 

“Off-Balance Sheet Liability” of a Person means, without duplication, the
principal component of (i) any Receivables Purchase Facility or any other
repurchase obligation or liability of such Person with respect to accounts or
notes receivable sold by such Person (other than the sale or disposition in the
ordinary course of business of accounts or notes receivable in connection with
the compromise or collection thereof consistent with customary industry practice
(and not as part of any bulk sale or financing of receivables)) or (ii) any
liability under any so-called “synthetic lease” or “tax ownership operating
lease” transaction entered into by such Person; provided that “Off-Balance Sheet
Liabilities” shall not include the principal component of the foregoing if such
principal component (a) is otherwise reflected as a liability on such Person’s
consolidated balance sheet or (b) is deducted from revenues in determining such
Person’s consolidated net income but is not thereafter added back in calculating
such Person’s Consolidated EBITDA.

 

“Off-Balance Sheet Trigger Event” is defined in Section 7.15.

 

“Operating Lease” of a Person means any lease of Property (other than a
Capitalized Lease) by such Person as lessee which has an original term
(including any required renewals and any renewals effective at the option of the
lessor) of one year or more.

 

“Other Taxes” is defined in Section 3.5(ii).

 

“Outstanding Credit Exposure” means, as to any Lender at any time, the sum of
(i) the aggregate principal amount of its Revolving Loans outstanding at such
time, plus (ii) an amount equal to its ratable obligation to purchase
participations in the aggregate principal amount of Swing Line Loans outstanding
at such time, plus (iii) an amount equal to its ratable obligation to purchase
participations in the LC Obligations at such time.

 

“Parent” means United Stationers Inc., a Delaware corporation, and its permitted
successors and assigns (including, without limitation, a debtor in possession on
its behalf).

 

“Participants” is defined in Section 12.2.1.

 

“Payment Date” means the last day of each March, June, September and
December and the Facility Termination Date.

 

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

 

“Permitted Acquisition” is defined in Section 6.13.5.

 

“Permitted Customer Financing Guarantee” means any guaranty or repurchase or
recourse obligations of the Borrower, incurred in the ordinary course of
business, in respect of Indebtedness incurred by a customer of the Borrower;
provided that the Borrower’s obligations in respect of all such guarantees and
other recourse obligations shall not exceed $30,000,000 in the aggregate.

 

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“Permitted Distribution Amount” is defined in Section 6.10.

 

“Permitted Priority Liens” means any Liens permitted by Section 6.15 and
(i) arising by operation of applicable law (and not solely by contract) and are
perfected (other than by the filing of a financing statement or other filing or
control agreement) and accorded priority over the Agent’s Liens on the
Collateral by operation of applicable law, (ii) arising under any of Sections
6.15.6, 6.15.7 or 6.15.23 or reflected on any title commitment issued with any
Collateral Document, or (iii) securing purchase money Indebtedness, Capitalized
Lease Obligations or Indebtedness described in the first parenthetical of
Section 6.14.12, in each case to the extent the same are permitted to exist or
otherwise be incurred hereunder.

 

“Permitted Purchase Money Debt” is defined in Section 6.14.5.

 

“Person” means any natural person, corporation, firm, joint venture,
partnership, limited liability company, association, enterprise, trust or other
entity or organization, or any government or political subdivision or any
agency, department or instrumentality thereof.

 

“Plan” means an employee pension benefit plan, excluding any Multiemployer Plan,
which is covered by Title IV of ERISA or subject to the minimum funding
standards under Section 412 of the Code as to which the Parent or any member of
the Controlled Group may have any liability.

 

“Pricing Schedule” means the Schedule identifying the Applicable Margin and
Applicable Fee Rate attached hereto and identified as such.

 

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

 

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

 

“Pro Rata Share” means, with respect to a Lender, a portion equal to a fraction
the numerator of which is such Lender’s Commitment at such time (in each case,
as adjusted from time to time in accordance with the provisions of this
Agreement) and the denominator of which is the Aggregate Commitment at such
time, or, if the Aggregate Commitment has been terminated, a fraction the
numerator of which is such Lender’s Outstanding Credit Exposure at such time and
the denominator of which is the sum of the Aggregate Outstanding Credit Exposure
at such time.

 

“Purchase Price” means the total consideration and other amounts payable in
connection with any Acquisition, including, without limitation, any portion of
the consideration payable in cash, all Indebtedness incurred or assumed in
connection with such Acquisition, but exclusive of the value of any capital
stock or other equity interests of the Parent, the Borrower or any Subsidiary
issued as consideration for such Acquisition.

 

“Purchasers” is defined in Section 12.3.1.

 

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“Rate Management Obligations” of a Person means any and all obligations of such
Person, whether absolute or contingent and howsoever and whensoever created,
arising, evidenced or acquired (including all renewals, extensions and
modifications thereof and substitutions therefor), under (i) any and all Rate
Management Transactions, and (ii) any and all cancellations, buy backs,
reversals, terminations or assignments of any Rate Management Transactions.

 

“Rate Management Transaction” means any transaction (including an agreement with
respect thereto) now existing or hereafter entered into by the Parent, the
Borrower or a Subsidiary which is a rate swap, basis swap, forward rate
transaction, equity or equity index swap, equity or equity index option, bond
option, interest rate option, foreign exchange transaction, cap transaction,
floor transaction, collar transaction, forward transaction, currency swap
transaction, cross-currency rate swap transaction, currency option or any other
similar transaction (including any option with respect to any of these
transactions) or any combination thereof, whether linked to one or more interest
rates, foreign currencies, commodity prices or equity prices.

 

“Receivables Purchase Documents” means any series of receivables purchase or
sale agreements, servicing agreements and other related agreements generally
consistent with terms contained in comparable structured finance transactions
pursuant to which the Parent, the Borrower or any of its Subsidiaries, in their
respective capacities as sellers or transferors of any receivables, sell or
transfer, directly or indirectly, to SPVs all of their respective right, title
and interest in and to (but not their obligations under) certain receivables for
further sale or transfer (or granting of Liens to other purchasers of or
investors in such assets or interests therein (and the other documents,
instruments and agreements executed in connection therewith)), as any such
agreements may be amended, restated, supplemented or otherwise modified from
time to time, or any replacement or substitution therefor.

 

“Receivables Purchase Facility” means any securitization facility made available
to the Parent, the Borrower or any of its Subsidiaries, pursuant to which
receivables of the Parent, the Borrower or any of its Subsidiaries are
transferred, directly or indirectly, to one or more SPVs, and thereafter to
certain investors, pursuant to the terms and conditions of the Receivables
Purchase Documents.

 

“Regulation D” means Regulation D of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor thereto or other
regulation or official interpretation of said Board of Governors relating to
reserve requirements applicable to member banks of the Federal Reserve System.

 

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

 

“Regulation X” means Regulation X of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor or other
regulation or official

 

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interpretation of said Board of Governors relating to the extension of credit by
foreign lenders for the purpose of purchasing or carrying margin stock (as
defined therein).

 

“Reimbursement Obligations” means, at any time, with respect to any LC Issuer,
the aggregate of all obligations of the Borrower then outstanding under
Section 2.20 to reimburse such LC Issuer for amounts paid by such LC Issuer in
respect of any one or more drawings under Facility LCs issued by such LC Issuer;
or, as the context may require, all such Reimbursement Obligations then
outstanding to reimburse all of the LC Issuers.

 

“Required Lenders” means Lenders in the aggregate having more than 50% of the
Aggregate Commitment or, if the Aggregate Commitment has been terminated,
Lenders in the aggregate holding more than 50% of the Aggregate Outstanding
Credit Exposure.

 

“Reserve Requirement” means, with respect to an Interest Period, the maximum
aggregate reserve requirement (including all basic, supplemental, marginal and
other reserves) which is imposed under Regulation D on “Eurocurrency
liabilities” (as defined in Regulation D).

 

“Restatement Effective Date” means October 12, 2005.

 

“Revolving Loan” means, with respect to a Lender, such Lender’s loan made
pursuant to its commitment to lend set forth in Section 2.1 (and any conversion
or continuation thereof) and includes any Existing Revolving Loan.

 

“S&P” means Standard and Poor’s Ratings Group, a division of The McGraw-Hill
Companies, Inc., and any successor thereto.

 

“Schedule” refers to a specific schedule to this Agreement, unless another
document is specifically referenced.

 

“SEC” means the United States Securities and Exchange Commission, and any
successor thereto.

 

“Section” means a numbered section of this Agreement, unless another document is
specifically referenced.

 

“Secured Obligations” means, collectively, (i) the Obligations and (ii) so long
as any Lender shall remain a Lender hereunder, all Rate Management Obligations
owing in connection with Rate Management Transactions to such Lender or any
Affiliate of such Lender.

 

“Security Agreement” means the Security Agreement, dated as of March 21, 2003,
by and between the Borrower, the Parent and certain Subsidiaries of the Parent,
as grantors thereunder, and the Agent for the benefit of the Holders of Secured
Obligations, as the same may be amended, restated, supplemented or otherwise
modified from time to time.

 

 “Single Employer Plan” means a Plan maintained by the Parent or any member of
the Controlled Group for employees of the Parent or any member of the Controlled
Group.

 

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“Solvent” means, when used with respect to the Parent and its Subsidiaries (on a
consolidated basis), that at the time of determination:

 

(i)            the fair value of their consolidated assets (both at fair
valuation and at present fair saleable value) is equal to or in excess of the
total amount of their consolidated liabilities, including without limitation
contingent liabilities; and

 

(ii)           they are then able and presently expect to be able to pay their
consolidated debts as they mature; and

 

(iii)          they have capital sufficient to carry on their business as
conducted.

 

With respect to contingent liabilities (such as litigation, guarantees and
pension plan liabilities), such liabilities shall be computed at the amount
which, in light of all the facts and circumstances existing at the time,
represent the amount which can be reasonably be expected to become an actual or
matured liability.

 

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

 

“Subsidiary” of a Person means (i) any corporation more than 50% of the
outstanding securities having ordinary voting power of which shall at the time
be owned or controlled, directly or indirectly, by such Person or by one or more
of its Subsidiaries or by such Person and one or more of its Subsidiaries, or
(ii) any partnership, limited liability company, association, joint venture or
similar business organization more than 50% of the ownership interests having
ordinary voting power of which shall at the time be so owned or controlled. 
Unless otherwise expressly provided, all references herein to a “Subsidiary”
shall mean a Subsidiary of the Parent.

 

“Substantial Portion” means, with respect to the Property of the Parent and its
Subsidiaries, Property which represents more than 10% of the consolidated assets
of the Parent and its Subsidiaries or property which is responsible for more
than 10% of the consolidated net sales or of the Consolidated Net Income of the
Parent and its Subsidiaries, in each case, as would be shown in the consolidated
financial statements of the Parent and its Subsidiaries as at the end of the
four fiscal quarter period ending with the fiscal quarter immediately prior to
the fiscal quarter in which such determination is made (or if financial
statements have not been delivered hereunder for that fiscal quarter which ends
the four fiscal quarter period, then the financial statements delivered
hereunder for the quarter ending immediately prior to that quarter).

 

“Swing Line Borrowing Notice” is defined in Section 2.4.2.

 

“Swing Line Commitment” means the obligation of the Swing Line Lender to make
Swing Line Loans up to a maximum principal amount of $25,000,000 at any one time
outstanding.

 

“Swing Line Lender” means JPMorgan Chase or such other Lender which may succeed
to its rights and obligations as Swing Line Lender pursuant to the terms of this
Agreement.

 

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“Swing Line Loan” means a Loan made available to the Borrower by the Swing Line
Lender pursuant to Section 2.4 and includes any “Swing Line Loan” made pursuant
to the Existing Credit Agreement and outstanding on the Restatement Effective
Date.

 

“Taxes” means any and all present or future taxes, duties, levies, imposts,
deductions, charges or withholdings, and any and all liabilities with respect to
the foregoing, but excluding Excluded Taxes and Other Taxes.

 

“Term Loan” is defined in Section 2.21.

 

“TOPCO” means The Order People Company, a Delaware corporation.

 

“TOPCO Investment” means the sum, without duplication, of (i) the aggregate
outstanding principal amount of all intercompany loans made on or after the
Restatement Effective Date from any Credit Party to TOPCO; (ii) all outstanding
Investments made on or after the Restatement Effective Date by any Credit Party
in TOPCO; and (iii) an amount equal to the net benefit derived by TOPCO
resulting from any non-arm’s-length transactions, or any other transfer of
assets conducted, in each case entered into on or after the Restatement
Effective Date, between any Credit Party, on the one hand, and TOPCO, on the
other hand, other than (a) transactions in the ordinary course of business and
(b) in respect of legal, accounting, reporting, listing and similar
administrative services provided by any Credit Party to TOPCO in the ordinary
course of business consistent with past practice.

 

“Transferee” is defined in Section 12.4.

 

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

 

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

 

“Weighted Average Life to Maturity” means when applied to any Indebtedness at
any date, the number of years obtained by dividing (i) the sum of the products
obtained by multiplying (a) the amount of each then remaining installment,
sinking fund, serial maturity or other required scheduled payments of principal,
including payment at final maturity, in respect thereof, by (b) the number of
years (calculated to the nearest one-twelfth) that will elapse between such date
and the making of such payment, by (ii) the then outstanding principal amount of
such Indebtedness.

 

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

 

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1.2.          PLURAL FORMS.  THE FOREGOING DEFINITIONS SHALL BE EQUALLY
APPLICABLE TO BOTH THE SINGULAR AND PLURAL FORMS OF THE DEFINED TERMS.

 

ARTICLE II

THE CREDITS

 

2.1.          EXISTING REVOLVING LOANS; COMMITMENT. 

 

2.1.1  EXISTING REVOLVING LOANS.  PRIOR TO THE RESTATEMENT EFFECTIVE DATE,
REVOLVING LOANS WERE PREVIOUSLY MADE TO THE BORROWER UNDER THE EXISTING CREDIT
AGREEMENT WHICH REMAIN OUTSTANDING AS OF THE DATE OF THIS AGREEMENT (SUCH
OUTSTANDING REVOLVING LOANS BEING HEREINAFTER REFERRED TO AS THE “EXISTING
REVOLVING LOANS”).  SUBJECT TO THE TERMS AND CONDITIONS SET FORTH IN THIS
AGREEMENT, THE BORROWER AND EACH OF THE LENDERS AGREE THAT ON THE RESTATEMENT
EFFECTIVE DATE BUT SUBJECT TO THE SATISFACTION OF THE CONDITIONS PRECEDENT SET
FORTH IN SECTIONS 4.1 AND 4.2 (AS APPLICABLE), THE EXISTING REVOLVING LOANS
SHALL BE REEVIDENCED AS REVOLVING LOANS UNDER THIS AGREEMENT AND THE TERMS OF
THE EXISTING REVOLVING LOANS SHALL BE RESTATED IN THEIR ENTIRETY AND SHALL BE
EVIDENCED BY THIS AGREEMENT.

 

2.1.2  COMMITMENT.  FROM AND INCLUDING THE RESTATEMENT EFFECTIVE DATE AND PRIOR
TO THE FACILITY TERMINATION DATE, UPON THE SATISFACTION OF THE CONDITIONS
PRECEDENT SET FORTH IN SECTIONS 4.1 AND 4.2, AS APPLICABLE, EACH LENDER
SEVERALLY AND NOT JOINTLY AGREES, ON THE TERMS AND CONDITIONS SET FORTH IN THIS
AGREEMENT, TO (I) MAKE REVOLVING LOANS TO THE BORROWER IN DOLLARS FROM TIME TO
TIME AND (II) PARTICIPATE IN FACILITY LCS ISSUED UPON THE REQUEST OF THE
BORROWER, IN EACH CASE IN AN AMOUNT NOT TO EXCEED IN THE AGGREGATE AT ANY ONE
TIME OUTSTANDING OF ITS PRO RATA SHARE OF THE AVAILABLE AGGREGATE COMMITMENT;
PROVIDED THAT AT NO TIME SHALL THE AGGREGATE OUTSTANDING CREDIT EXPOSURE
HEREUNDER EXCEED THE AGGREGATE COMMITMENT.  SUBJECT TO THE TERMS OF THIS
AGREEMENT, THE BORROWER MAY BORROW, REPAY AND REBORROW REVOLVING LOANS AT ANY
TIME PRIOR TO THE FACILITY TERMINATION DATE.  THE COMMITMENT OF EACH LENDER TO
LEND HEREUNDER SHALL AUTOMATICALLY EXPIRE ON THE FACILITY TERMINATION DATE.  THE
LC ISSUERS WILL ISSUE FACILITY LCS HEREUNDER ON THE TERMS AND CONDITIONS SET
FORTH IN SECTION 2.20.

 

2.2.          REQUIRED PAYMENTS; TERMINATION.  (A) ANY OUTSTANDING ADVANCES AND
ALL OTHER UNPAID SECURED OBLIGATIONS SHALL BE PAID IN FULL BY THE BORROWER ON
THE FACILITY TERMINATION DATE.  NOTWITHSTANDING THE TERMINATION OF THE
COMMITMENTS UNDER THIS AGREEMENT ON THE FACILITY TERMINATION DATE, UNTIL ALL OF
THE SECURED OBLIGATIONS (OTHER THAN CONTINGENT INDEMNITY OBLIGATIONS) SHALL HAVE
BEEN FULLY PAID AND SATISFIED AND ALL FINANCING ARRANGEMENTS AMONG THE BORROWER
AND THE LENDERS HEREUNDER AND UNDER THE OTHER LOAN DOCUMENTS SHALL HAVE BEEN
TERMINATED, ALL OF THE RIGHTS AND REMEDIES UNDER THIS AGREEMENT AND THE OTHER
LOAN DOCUMENTS SHALL SURVIVE.

 

(b)           Asset Sales and Insurance Proceeds.  Upon (1) the consummation of
any sale, lease, conveyance, transfer, casualty or other disposition (“Asset
Sale”) of Property (other than sales permitted under Sections 6.12.1 through
6.12.9) by the Parent or any Subsidiary of the Parent, except to the extent that
the Net Cash Proceeds of such Asset Sale, when combined with

 

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the Net Cash Proceeds of all such Asset Sales during the immediately preceding
twelve-month period, do not exceed $35,000,000 for any such Asset Sale or series
of related Asset Sales or (2) the receipt by the Parent or any of its
Subsidiaries of proceeds from insurance in connection with any property loss or
casualty, net of costs and taxes incurred in connection with such loss or
casualty (“Loss Proceeds”), except to the extent that such Loss Proceeds, when
combined with all other Loss Proceeds received during the then current fiscal
year, do not exceed $20,000,000, and in each case, except as provided in the
second sentence of this clause (b), within five (5) Business Days after the
Parent’s or any of its Subsidiaries’ (x) receipt of any Net Cash Proceeds from
any such Asset Sale or any such Loss Proceeds, or (y) conversion to cash or Cash
Equivalent Investments of non-cash proceeds (whether principal or interest and
including securities, release of escrow arrangements or lease payments) received
from any Asset Sale, the Borrower shall make a mandatory prepayment of the
Obligations, subject to the provisions governing the application of payments set
forth in Section 2.2(d), in an amount equal to one hundred percent (100%) of
such Net Cash Proceeds or Loss Proceeds or such proceeds converted from non-cash
to cash or Cash Equivalent Investments.  Unless a Default or Unmatured Default
shall have occurred and is continuing, in the event that the Borrower shall have
given the Agent written notice within thirty (30) days after an Asset Sale or
event giving rise to such Loss Proceeds of its intention to replace the assets
or use such Net Cash Proceeds or Loss Proceeds, as applicable, to acquire other
assets useful in the business of the Parent and its Subsidiaries (other than the
acquisition of assets for use by TOPCO) (which shall include, without
limitation, assets acquired pursuant to a Permitted Acquisition) within twelve
(12) months following such Asset Sale or the receipt of such Loss Proceeds, as
applicable, then such Net Cash Proceeds or Loss Proceeds shall not be subject to
the provisions of the first sentence of this clause (b) unless and to the extent
that such applicable period shall have expired without such replacement having
been made.

 

(c)           Financings.  Upon the consummation of any Financing by the Parent
or any Subsidiary of the Parent, within five (5) Business Days after the
Parent’s or any of its Subsidiaries’ receipt of any Net Cash Proceeds from such
Financing, the Borrower shall make a mandatory prepayment of the Obligations,
subject to the provisions governing the application of payments set forth in
Section 2.2(d), in an amount equal to one hundred percent (100%) of the excess
over $50,000,000 (when taken together with the Net Cash Proceeds of all other
Financings after the Restatement Effective Date) of all such Net Cash Proceeds.

 

(d)           Application of Designated Prepayments.  Each mandatory prepayment
required by clauses (b) and (c) of this Section 2.2 shall be referred to herein
as a “Designated Prepayment.”  Designated Prepayments shall be applied to repay
Revolving Loans and shall automatically reduce Commitments ratably in an amount
equal to such Designated Prepayment.  Following the payment in full of the
Revolving Loans, the amount of each Designated Prepayment shall be applied first
to interest on the Reimbursement Obligations, then to principal on the
Reimbursement Obligations, then to fees on account of Facility LCs, then, to the
extent any L/C Obligations are contingent, deposited with the Agent as cash
collateral in respect of such L/C Obligations (up to an amount not to exceed
100% of such contingent obligations), and then any excess shall be returned to
the Borrower or paid to whomever may be legally entitled thereto at such time.

 

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(e)           Application and Priority of Prepayments.  With respect to the
reduction of the Revolving Loans on any date, Designated Prepayments shall first
be applied to Floating Rate Loans and to any Eurodollar Rate Loans maturing on
such date and then to subsequently maturing Eurodollar Rate Loans in order of
maturity.

 

2.3.          RATABLE LOANS; TYPES OF ADVANCES.  (A) EACH ADVANCE HEREUNDER
(OTHER THAN A SWING LINE LOAN) SHALL CONSIST OF REVOLVING LOANS MADE FROM THE
SEVERAL LENDERS RATABLY IN PROPORTION TO THE RATIO THAT THEIR RESPECTIVE
COMMITMENTS BEAR TO THE AGGREGATE COMMITMENT.

 

(b)           The Advances may be Floating Rate Advances or Eurodollar Advances,
or a combination thereof, selected by the Borrower in accordance with Sections
2.8 and 2.9, or Swing Line Loans selected by the Borrower in accordance with
Section 2.4.

 

2.4.          SWING LINE LOANS.

 

2.4.1  AMOUNT OF SWING LINE LOANS.  UPON THE SATISFACTION OF THE CONDITIONS
PRECEDENT SET FORTH IN SECTION 4.2 AND, IF SUCH SWING LINE LOAN IS TO BE MADE ON
THE DATE OF THE INITIAL CREDIT EXTENSION HEREUNDER, THE SATISFACTION OF THE
CONDITIONS PRECEDENT SET FORTH IN SECTION 4.1 AS WELL, FROM AND INCLUDING THE
RESTATEMENT EFFECTIVE DATE AND PRIOR TO THE FACILITY TERMINATION DATE, THE SWING
LINE LENDER AGREES, ON THE TERMS AND CONDITIONS SET FORTH IN THIS AGREEMENT, TO
MAKE SWING LINE LOANS IN DOLLARS TO THE BORROWER FROM TIME TO TIME IN AN
AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED THE SWING LINE COMMITMENT, PROVIDED
THAT (I) THE AGGREGATE OUTSTANDING CREDIT EXPOSURE SHALL NOT AT ANY TIME EXCEED
THE AGGREGATE COMMITMENT AND (II) AT NO TIME SHALL THE SUM OF (A) THE SWING LINE
LOANS THEN OUTSTANDING, PLUS (B) THE OUTSTANDING REVOLVING LOANS MADE BY THE
SWING LINE LENDER PURSUANT TO SECTION 2.1 (INCLUDING ITS PARTICIPATION IN ANY
FACILITY LCS), EXCEED THE SWING LINE LENDER’S COMMITMENT AT SUCH TIME.  SUBJECT
TO THE TERMS OF THIS AGREEMENT, THE BORROWER MAY BORROW, REPAY AND REBORROW
SWING LINE LOANS AT ANY TIME PRIOR TO THE FACILITY TERMINATION DATE.

 

2.4.2  BORROWING NOTICE.  THE BORROWER SHALL DELIVER TO THE AGENT AND THE SWING
LINE LENDER IRREVOCABLE NOTICE (A “SWING LINE BORROWING NOTICE”) NOT LATER THAN
2:00 P.M. (CHICAGO TIME) ON THE BORROWING DATE OF EACH SWING LINE LOAN,
SPECIFYING (I) THE APPLICABLE BORROWING DATE (WHICH DATE SHALL BE A BUSINESS
DAY), AND (II) THE AGGREGATE AMOUNT OF THE REQUESTED SWING LINE LOAN WHICH SHALL
BE AN AMOUNT NOT LESS THAN $100,000.  THE SWING LINE LOANS SHALL BEAR INTEREST
AT THE FLOATING RATE OR SUCH OTHER RATE PER ANNUM AS SHALL BE AGREED TO BY THE
SWING LINE LENDER AND THE BORROWER.

 

2.4.3  MAKING OF SWING LINE LOANS.  PROMPTLY AFTER RECEIPT OF A SWING LINE
BORROWING NOTICE, THE AGENT SHALL NOTIFY EACH LENDER BY FAX OR OTHER SIMILAR
FORM OF TRANSMISSION, OF THE REQUESTED SWING LINE LOAN.  NOT LATER THAN
4:00 P.M. (CHICAGO TIME) ON THE APPLICABLE BORROWING DATE, THE SWING LINE LENDER
SHALL MAKE AVAILABLE THE SWING LINE LOAN, IN FUNDS IMMEDIATELY AVAILABLE IN
CHICAGO, TO THE AGENT AT ITS ADDRESS SPECIFIED PURSUANT TO ARTICLE XIII.  THE
AGENT WILL PROMPTLY MAKE THE FUNDS SO RECEIVED FROM THE SWING LINE LENDER
AVAILABLE TO THE BORROWER ON THE BORROWING DATE AT THE AGENT’S AFORESAID ADDRESS
IN AN ACCOUNT MAINTAINED AND DESIGNATED BY THE BORROWER.

 

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2.4.4  REPAYMENT OF SWING LINE LOANS.  EACH SWING LINE LOAN SHALL BE PAID IN
FULL BY THE BORROWER ON OR BEFORE THE FIFTH (5TH) BUSINESS DAY AFTER THE
BORROWING DATE FOR SUCH SWING LINE LOAN.  IN ADDITION, THE SWING LINE LENDER
(I) MAY AT ANY TIME IN ITS SOLE DISCRETION WITH RESPECT TO ANY OUTSTANDING SWING
LINE LOAN, OR (II) SHALL, ON THE FIFTH (5TH) BUSINESS DAY AFTER THE BORROWING
DATE OF ANY SWING LINE LOAN, REQUIRE EACH LENDER (INCLUDING THE SWING LINE
LENDER) TO MAKE A REVOLVING LOAN IN THE AMOUNT OF SUCH LENDER’S PRO RATA SHARE
OF SUCH SWING LINE LOAN (INCLUDING, WITHOUT LIMITATION, ANY INTEREST ACCRUED AND
UNPAID THEREON), FOR THE PURPOSE OF REPAYING SUCH SWING LINE LOAN.  NOT LATER
THAN 2:00 P.M. (CHICAGO TIME) ON THE DATE OF ANY NOTICE RECEIVED PURSUANT TO
THIS SECTION 2.4.4, EACH LENDER SHALL MAKE AVAILABLE ITS REQUIRED REVOLVING
LOAN, IN FUNDS IMMEDIATELY AVAILABLE IN CHICAGO TO THE AGENT AT ITS ADDRESS
SPECIFIED PURSUANT TO ARTICLE XIII.  REVOLVING LOANS MADE PURSUANT TO THIS
SECTION 2.4.4 SHALL INITIALLY BE FLOATING RATE LOANS AND THEREAFTER MAY BE
CONTINUED AS FLOATING RATE LOANS OR CONVERTED INTO EURODOLLAR LOANS IN THE
MANNER PROVIDED IN SECTION 2.9 AND SUBJECT TO THE OTHER CONDITIONS AND
LIMITATIONS SET FORTH IN THIS ARTICLE II.  UNLESS A LENDER SHALL HAVE NOTIFIED
THE SWING LINE LENDER, PRIOR TO ITS MAKING ANY SWING LINE LOAN, THAT ANY
APPLICABLE CONDITION PRECEDENT SET FORTH IN SECTIONS 4.1 OR 4.2 HAD NOT THEN
BEEN SATISFIED, SUCH LENDER’S OBLIGATION TO MAKE REVOLVING LOANS PURSUANT TO
THIS SECTION 2.4.4 TO REPAY SWING LINE LOANS SHALL BE UNCONDITIONAL, CONTINUING,
IRREVOCABLE AND ABSOLUTE AND SHALL NOT BE AFFECTED BY ANY CIRCUMSTANCES,
INCLUDING, WITHOUT LIMITATION, (A) ANY SET-OFF, COUNTERCLAIM, RECOUPMENT,
DEFENSE OR OTHER RIGHT WHICH SUCH LENDER MAY HAVE AGAINST THE AGENT, THE SWING
LINE LENDER OR ANY OTHER PERSON, (B) THE OCCURRENCE OR CONTINUANCE OF A DEFAULT
OR UNMATURED DEFAULT, (C) ANY ADVERSE CHANGE IN THE CONDITION (FINANCIAL OR
OTHERWISE) OF THE BORROWER, OR (D) ANY OTHER CIRCUMSTANCES, HAPPENING OR EVENT
WHATSOEVER.  IN THE EVENT THAT ANY LENDER FAILS TO MAKE PAYMENT TO THE AGENT OF
ANY AMOUNT DUE UNDER THIS SECTION 2.4.4, THE AGENT SHALL BE ENTITLED TO RECEIVE,
RETAIN AND APPLY AGAINST SUCH OBLIGATION THE PRINCIPAL AND INTEREST OTHERWISE
PAYABLE TO SUCH LENDER HEREUNDER UNTIL THE AGENT RECEIVES SUCH PAYMENT FROM SUCH
LENDER OR SUCH OBLIGATION IS OTHERWISE FULLY SATISFIED.  IN ADDITION TO THE
FOREGOING, IF FOR ANY REASON ANY LENDER FAILS TO MAKE PAYMENT TO THE AGENT OF
ANY AMOUNT DUE UNDER THIS SECTION 2.4.4, SUCH LENDER SHALL BE DEEMED, AT THE
OPTION OF THE AGENT, TO HAVE UNCONDITIONALLY AND IRREVOCABLY PURCHASED FROM THE
SWING LINE LENDER, WITHOUT RECOURSE OR WARRANTY, AN UNDIVIDED INTEREST AND
PARTICIPATION IN THE APPLICABLE SWING LINE LOAN IN THE AMOUNT OF SUCH REVOLVING
LOAN, AND SUCH INTEREST AND PARTICIPATION MAY BE RECOVERED FROM SUCH LENDER
TOGETHER WITH INTEREST THEREON AT THE FEDERAL FUNDS EFFECTIVE RATE FOR EACH DAY
DURING THE PERIOD COMMENCING ON THE DATE OF DEMAND AND ENDING ON THE DATE SUCH
AMOUNT IS RECEIVED.  ON THE FACILITY TERMINATION DATE, THE BORROWER SHALL REPAY
IN FULL THE OUTSTANDING PRINCIPAL BALANCE OF THE SWING LINE LOANS.

 

2.5.          COMMITMENT FEE; AGGREGATE COMMITMENT.

 

2.5.1  COMMITMENT FEE.  THE BORROWER SHALL PAY TO THE AGENT, FOR THE ACCOUNT OF
THE LENDERS IN ACCORDANCE WITH THEIR PRO RATA SHARES OF THE AGGREGATE
COMMITMENT, FROM AND AFTER THE RESTATEMENT EFFECTIVE DATE UNTIL THE DATE ON
WHICH THE AGGREGATE COMMITMENT SHALL BE TERMINATED IN WHOLE, A COMMITMENT FEE
(THE “COMMITMENT FEE”) ACCRUING AT THE RATE OF THE THEN APPLICABLE FEE RATE ON
THE DAILY AVERAGE AVAILABLE AGGREGATE COMMITMENT (EXCLUDING FROM THE CALCULATION
THEREOF, THE SWING LINE LOANS).

 

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ALL SUCH COMMITMENT FEES PAYABLE HEREUNDER SHALL BE PAYABLE QUARTERLY IN ARREARS
ON EACH PAYMENT DATE.  IN ADDITION, ON THE RESTATEMENT EFFECTIVE DATE, THE
BORROWER SHALL PAY TO THE AGENT FOR THE RATABLE ACCOUNT OF THE LENDERS THEN
PARTY TO THE EXISTING CREDIT AGREEMENT, THE ACCRUED AND UNPAID COMMITMENT FEES
UNDER THE EXISTING CREDIT AGREEMENT THROUGH THE RESTATEMENT EFFECTIVE DATE.

 

2.5.2  REDUCTIONS IN AGGREGATE COMMITMENT.  THE BORROWER MAY PERMANENTLY REDUCE
THE AGGREGATE COMMITMENT IN WHOLE, OR IN PART, RATABLY AMONG THE LENDERS IN A
MINIMUM AMOUNT OF $5,000,000 (AND IN MULTIPLES OF $1,000,000 IF IN EXCESS
THEREOF), UPON AT LEAST THREE (3) BUSINESS DAYS’ PRIOR WRITTEN NOTICE TO THE
AGENT, WHICH NOTICE SHALL SPECIFY THE AMOUNT OF ANY SUCH REDUCTION, PROVIDED,
HOWEVER, THAT THE AMOUNT OF THE AGGREGATE COMMITMENT MAY NOT BE REDUCED BELOW
THE AGGREGATE OUTSTANDING CREDIT EXPOSURE.  ALL ACCRUED COMMITMENT FEES SHALL BE
PAYABLE ON THE EFFECTIVE DATE OF ANY TERMINATION OF THE COMMITMENTS.

 

2.6.          MINIMUM AMOUNT OF EACH ADVANCE.  EACH EURODOLLAR ADVANCE SHALL BE
IN THE MINIMUM AMOUNT OF $5,000,000 (AND IN MULTIPLES OF $1,000,000 IF IN EXCESS
THEREOF), AND EACH FLOATING RATE ADVANCE (OTHER THAN AN ADVANCE TO REPAY SWING
LINE LOANS OR TO REFUND REIMBURSEMENT OBLIGATIONS) SHALL BE IN THE MINIMUM
AMOUNT OF $5,000,000 (AND IN MULTIPLES OF $1,000,000 IF IN EXCESS THEREOF),
PROVIDED, HOWEVER, THAT ANY FLOATING RATE ADVANCE MAY BE IN THE AMOUNT OF THE
AVAILABLE AGGREGATE COMMITMENT.

 

2.7.          OPTIONAL PRINCIPAL PAYMENTS.  THE BORROWER MAY FROM TIME TO TIME
PAY, WITHOUT PENALTY OR PREMIUM, ALL OUTSTANDING FLOATING RATE ADVANCES (OTHER
THAN SWING LINE LOANS), OR ANY PORTION OF THE OUTSTANDING FLOATING RATE ADVANCES
(OTHER THAN SWING LINE LOANS), IN A MINIMUM AGGREGATE AMOUNT OF $1,000,000 OR
ANY INTEGRAL MULTIPLE OF $100,000 IN EXCESS THEREOF, WITH NOTICE TO THE AGENT BY
11:00 A.M. (CHICAGO TIME) ON THE DATE OF ANY ANTICIPATED REPAYMENT.  THE
BORROWER MAY AT ANY TIME PAY, WITHOUT PENALTY OR PREMIUM, ALL OUTSTANDING SWING
LINE LOANS, OR, IN A MINIMUM AMOUNT OF $100,000 AND INCREMENTS OF $100,000 IN
EXCESS THEREOF, ANY PORTION OF THE OUTSTANDING SWING LINE LOANS, WITH NOTICE TO
THE AGENT AND THE SWING LINE LENDER BY 12:00 NOON (CHICAGO TIME) ON THE DATE OF
REPAYMENT.  THE BORROWER MAY FROM TIME TO TIME PAY, SUBJECT TO THE PAYMENT OF
ANY FUNDING INDEMNIFICATION AMOUNTS REQUIRED BY SECTION 3.4 BUT WITHOUT PENALTY
OR PREMIUM, ALL OUTSTANDING EURODOLLAR ADVANCES, OR, IN A MINIMUM AGGREGATE
AMOUNT OF $5,000,000 OR ANY INTEGRAL MULTIPLE OF $1,000,000 IN EXCESS THEREOF,
ANY PORTION OF THE OUTSTANDING EURODOLLAR ADVANCES UPON THREE (3) BUSINESS DAYS’
PRIOR NOTICE TO THE AGENT.

 

2.8.          METHOD OF SELECTING TYPES AND INTEREST PERIODS FOR NEW ADVANCES. 
THE BORROWER SHALL SELECT THE TYPE OF ADVANCE AND, IN THE CASE OF EACH
EURODOLLAR ADVANCE, THE INTEREST PERIOD APPLICABLE THERETO FROM TIME TO TIME;
PROVIDED THAT THERE SHALL BE NO MORE THAN EIGHT (8) INTEREST PERIODS IN EFFECT
WITH RESPECT TO ALL OF THE REVOLVING LOANS AT ANY TIME, UNLESS SUCH LIMIT HAS
BEEN WAIVED BY THE AGENT IN ITS SOLE DISCRETION.  THE BORROWER SHALL GIVE THE
AGENT IRREVOCABLE NOTICE (A “BORROWING NOTICE”) NOT LATER THAN 12:00 NOON
(CHICAGO TIME) ON THE BORROWING DATE OF EACH FLOATING RATE ADVANCE (OTHER THAN A
SWING LINE LOAN) AND THREE (3) BUSINESS DAYS BEFORE THE BORROWING DATE FOR EACH
EURODOLLAR ADVANCE, SPECIFYING:

 

(I)            THE BORROWING DATE, WHICH SHALL BE A BUSINESS DAY, OF SUCH
ADVANCE,

 

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(II)           THE AGGREGATE AMOUNT OF SUCH ADVANCE,

 

(III)          THE TYPE OF ADVANCE SELECTED, AND

 

(IV)          IN THE CASE OF EACH EURODOLLAR ADVANCE, THE INTEREST PERIOD
APPLICABLE THERETO.

 

Not later than 2:00 p.m. (Chicago time) on each Borrowing Date, each Lender
shall make available its Revolving Loan or Revolving Loans in Federal or other
funds immediately available in Chicago to the Agent at its address specified
pursuant to Article XIII.  The Agent will promptly make the funds so received
from the Lenders available to the Borrower at the Agent’s aforesaid address in
an account maintained and designated by the Borrower.

 

2.9.          CONVERSION AND CONTINUATION OF OUTSTANDING ADVANCES; NO CONVERSION
OR CONTINUATION OF EURODOLLAR ADVANCES AFTER DEFAULT.  FLOATING RATE ADVANCES
(OTHER THAN SWING LINE ADVANCES) SHALL CONTINUE AS FLOATING RATE ADVANCES UNLESS
AND UNTIL SUCH FLOATING RATE ADVANCES ARE CONVERTED INTO EURODOLLAR ADVANCES
PURSUANT TO THIS SECTION 2.9 OR ARE REPAID IN ACCORDANCE WITH SECTION 2.7.  EACH
EURODOLLAR ADVANCE SHALL CONTINUE AS A EURODOLLAR ADVANCE UNTIL THE END OF THE
THEN APPLICABLE INTEREST PERIOD THEREFOR, AT WHICH TIME SUCH EURODOLLAR ADVANCE
SHALL BE AUTOMATICALLY CONVERTED INTO A FLOATING RATE ADVANCE UNLESS (X) SUCH
EURODOLLAR ADVANCE IS OR WAS REPAID IN ACCORDANCE WITH SECTION 2.7 OR (Y) THE
BORROWER SHALL HAVE GIVEN THE AGENT A CONVERSION/CONTINUATION NOTICE REQUESTING
THAT, AT THE END OF SUCH INTEREST PERIOD, SUCH EURODOLLAR ADVANCE CONTINUE AS A
EURODOLLAR ADVANCE FOR THE SAME OR ANOTHER INTEREST PERIOD.  SUBJECT TO THE
TERMS OF SECTION 2.6 AND THE PAYMENT OF ANY FUNDING INDEMNIFICATION AMOUNTS
REQUIRED BY SECTION 3.4, THE BORROWER MAY ELECT FROM TIME TO TIME TO CONVERT ALL
OR ANY PART OF AN ADVANCE OF ANY TYPE (OTHER THAN A SWING LINE ADVANCE) INTO ANY
OTHER TYPE OR TYPES OF ADVANCES.  NOTWITHSTANDING ANYTHING TO THE CONTRARY
CONTAINED IN THIS SECTION 2.9, DURING THE CONTINUANCE OF A DEFAULT, THE AGENT
MAY (OR SHALL AT THE DIRECTION OF THE REQUIRED LENDERS), BY NOTICE TO THE
BORROWER, DECLARE THAT NO ADVANCE MAY BE MADE AS, CONVERTED TO OR, FOLLOWING THE
EXPIRATION OF ANY INTEREST PERIODS THEN IN EFFECT, CONTINUED AS A EURODOLLAR
ADVANCE.  THE BORROWER SHALL GIVE THE AGENT IRREVOCABLE NOTICE (A
“CONVERSION/CONTINUATION NOTICE”) OF EACH CONVERSION OF AN ADVANCE OR
CONTINUATION OF A EURODOLLAR ADVANCE NOT LATER THAN 12:00 NOON (CHICAGO TIME) ON
THE SAME BUSINESS DAY, IN THE CASE OF A CONVERSION INTO A FLOATING RATE ADVANCE,
OR THREE (3) BUSINESS DAYS, IN THE CASE OF A CONVERSION INTO OR CONTINUATION OF
A EURODOLLAR ADVANCE, PRIOR TO THE DATE OF THE REQUESTED CONVERSION OR
CONTINUATION, SPECIFYING:

 

(I)            THE REQUESTED DATE, WHICH SHALL BE A BUSINESS DAY, OF SUCH
CONVERSION OR CONTINUATION,

 

(II)           THE AGGREGATE AMOUNT AND TYPE OF THE ADVANCE WHICH IS TO BE
CONVERTED OR CONTINUED, AND

 

(III)          THE AMOUNT OF SUCH ADVANCE WHICH IS TO BE CONVERTED INTO OR
CONTINUED AS A EURODOLLAR ADVANCE AND THE DURATION OF THE INTEREST PERIOD
APPLICABLE THERETO.

 

2.10.        CHANGES IN INTEREST RATE, ETC.  EACH FLOATING RATE ADVANCE (OTHER
THAN A SWING LINE ADVANCE) SHALL BEAR INTEREST ON THE OUTSTANDING PRINCIPAL
AMOUNT THEREOF, FOR EACH DAY FROM AND INCLUDING THE DATE SUCH ADVANCE IS MADE OR
IS AUTOMATICALLY CONVERTED FROM A EURODOLLAR

 

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ADVANCE INTO A FLOATING RATE ADVANCE PURSUANT TO SECTION 2.9, TO BUT EXCLUDING
THE DATE IT IS PAID OR IS CONVERTED INTO A EURODOLLAR ADVANCE PURSUANT TO
SECTION 2.9 HEREOF, AT A RATE PER ANNUM EQUAL TO THE FLOATING RATE FOR SUCH
DAY.  EACH SWING LINE LOAN SHALL BEAR INTEREST ON THE OUTSTANDING PRINCIPAL
AMOUNT THEREOF, FOR EACH DAY FROM AND INCLUDING THE DAY SUCH SWING LINE LOAN IS
MADE TO BUT EXCLUDING THE DATE IT IS FULLY PAID AT A RATE PER ANNUM EQUAL TO THE
FLOATING RATE FOR SUCH DAY OR AT SUCH OTHER RATE PER ANNUM AS SHALL BE AGREED TO
BY THE SWING LINE LENDER AND THE BORROWER.  CHANGES IN THE RATE OF INTEREST ON
THAT PORTION OF ANY ADVANCE MAINTAINED AS A FLOATING RATE ADVANCE WILL TAKE
EFFECT SIMULTANEOUSLY WITH EACH CHANGE IN THE ALTERNATE BASE RATE.  EACH
EURODOLLAR ADVANCE SHALL BEAR INTEREST ON THE OUTSTANDING PRINCIPAL AMOUNT
THEREOF FROM AND INCLUDING THE FIRST DAY OF THE INTEREST PERIOD APPLICABLE
THERETO TO (BUT NOT INCLUDING) THE LAST DAY OF SUCH INTEREST PERIOD AT THE
EURODOLLAR RATE APPLICABLE TO SUCH EURODOLLAR ADVANCE AND OTHERWISE IN
ACCORDANCE WITH THE TERMS HEREOF.  NO INTEREST PERIOD MAY END AFTER THE FACILITY
TERMINATION DATE.

 

2.11.        RATES APPLICABLE AFTER DEFAULT.  DURING THE CONTINUANCE OF A
DEFAULT THE REQUIRED LENDERS MAY, AT THEIR OPTION, BY NOTICE TO THE BORROWER
(WHICH NOTICE MAY BE REVOKED AT THE OPTION OF THE REQUIRED LENDERS
NOTWITHSTANDING ANY PROVISION OF SECTION 8.2 REQUIRING UNANIMOUS CONSENT OF THE
LENDERS TO CHANGES IN INTEREST RATES), DECLARE THAT (I) EACH EURODOLLAR ADVANCE
SHALL BEAR INTEREST FOR THE REMAINDER OF THE APPLICABLE INTEREST PERIOD AT A
RATE PER ANNUM EQUAL TO THE FLOATING RATE IN EFFECT FROM TIME TO TIME PLUS 2%
PER ANNUM, (II) EACH FLOATING RATE ADVANCE AND EACH SWING LINE LOAN SHALL BEAR
INTEREST AT A RATE PER ANNUM EQUAL TO THE FLOATING RATE IN EFFECT FROM TIME TO
TIME PLUS 2% PER ANNUM, AND (III) THE LC FEE DESCRIBED IN THE FIRST SENTENCE OF
SECTION 2.20.4 SHALL BE INCREASED TO A RATE PER ANNUM EQUAL TO THE APPLICABLE
MARGIN FOR EURODOLLAR LOANS IN EFFECT FROM TIME TO TIME PLUS 2% PER ANNUM;
PROVIDED THAT, DURING THE CONTINUANCE OF A DEFAULT UNDER SECTION 7.2, 7.6 OR
7.7, THE INTEREST RATES SET FORTH IN CLAUSES (I) AND (II) ABOVE AND THE INCREASE
IN THE LC FEE SET FORTH IN CLAUSE (III) ABOVE SHALL BE APPLICABLE WITHOUT ANY
ELECTION OR ACTION ON THE PART OF THE AGENT, ANY LC ISSUER OR ANY LENDER.

 

2.12.        METHOD OF PAYMENT.  ALL PAYMENTS OF THE OBLIGATIONS HEREUNDER SHALL
BE MADE, WITHOUT SETOFF, DEDUCTION, OR COUNTERCLAIM, IN IMMEDIATELY AVAILABLE
FUNDS TO THE AGENT AT THE AGENT’S ADDRESS SPECIFIED PURSUANT TO ARTICLE XIII, OR
AT ANY OTHER LENDING INSTALLATION OF THE AGENT SPECIFIED IN WRITING BY THE AGENT
TO THE BORROWER, BY 12:00 NOON (CHICAGO TIME) ON THE DATE WHEN DUE AND SHALL
(EXCEPT WITH RESPECT TO REPAYMENTS OF SWING LINE LOANS, AND EXCEPT IN THE CASE
OF REIMBURSEMENT OBLIGATIONS FOR WHICH ANY LC ISSUER HAS NOT BEEN FULLY
INDEMNIFIED BY THE LENDERS, OR AS OTHERWISE SPECIFICALLY REQUIRED HEREUNDER) BE
APPLIED RATABLY BY THE AGENT AMONG THE LENDERS.  EACH PAYMENT DELIVERED TO THE
AGENT FOR THE ACCOUNT OF ANY LENDER SHALL BE DELIVERED PROMPTLY BY THE AGENT TO
SUCH LENDER IN THE SAME TYPE OF FUNDS THAT THE AGENT RECEIVED AT ITS ADDRESS
SPECIFIED PURSUANT TO ARTICLE XIII OR AT ANY LENDING INSTALLATION SPECIFIED IN A
NOTICE RECEIVED BY THE AGENT FROM SUCH LENDER.  EACH REFERENCE TO THE AGENT IN
THIS SECTION 2.12 SHALL ALSO BE DEEMED TO REFER, AND SHALL APPLY EQUALLY, TO THE
LC ISSUERS IN THE CASE OF PAYMENTS REQUIRED TO BE MADE BY THE BORROWER TO THE LC
ISSUERS PURSUANT TO SECTION 2.20.6.

 

2.13.        NOTELESS AGREEMENT; EVIDENCE OF INDEBTEDNESS.  (I) EACH LENDER
SHALL MAINTAIN IN ACCORDANCE WITH ITS USUAL PRACTICE AN ACCOUNT OR ACCOUNTS
EVIDENCING THE INDEBTEDNESS OF THE BORROWER TO SUCH LENDER RESULTING FROM EACH
REVOLVING LOAN MADE BY SUCH LENDER FROM TIME TO TIME, INCLUDING THE AMOUNTS OF
PRINCIPAL AND INTEREST PAYABLE AND PAID TO SUCH LENDER FROM TIME TO TIME
HEREUNDER.

 

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(II)           THE AGENT SHALL ALSO MAINTAIN ACCOUNTS IN WHICH IT WILL RECORD
(A) THE DATE AND THE AMOUNT OF EACH REVOLVING LOAN MADE HEREUNDER, THE TYPE
THEREOF AND THE INTEREST PERIOD (IN THE CASE OF A EURODOLLAR ADVANCE) WITH
RESPECT THERETO, (B) THE AMOUNT OF ANY PRINCIPAL OR INTEREST DUE AND PAYABLE OR
TO BECOME DUE AND PAYABLE FROM THE BORROWER TO EACH LENDER HEREUNDER, (C) THE
ORIGINAL STATED AMOUNT OF EACH FACILITY LC AND THE AMOUNT OF LC OBLIGATIONS
(INCLUDING SPECIFYING REIMBURSEMENT OBLIGATIONS) OUTSTANDING AT ANY TIME,
(D) THE EFFECTIVE DATE AND AMOUNT OF EACH ASSIGNMENT AGREEMENT DELIVERED TO AND
ACCEPTED BY IT AND THE PARTIES THERETO PURSUANT TO SECTION 12.3, (E) THE AMOUNT
OF ANY SUM RECEIVED BY THE AGENT HEREUNDER FROM THE BORROWER AND EACH LENDER’S
SHARE THEREOF, AND (F) ALL OTHER APPROPRIATE DEBITS AND CREDITS AS PROVIDED IN
THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, ALL FEES, CHARGES, EXPENSES AND
INTEREST.

 

(III)          THE ENTRIES MAINTAINED IN THE ACCOUNTS MAINTAINED PURSUANT TO
PARAGRAPHS (I) AND (II) ABOVE SHALL BE PRIMA FACIE EVIDENCE (ABSENT MANIFEST
ERROR) OF THE EXISTENCE AND AMOUNTS OF THE OBLIGATIONS THEREIN RECORDED;
PROVIDED, HOWEVER, THAT THE FAILURE OF THE AGENT OR ANY LENDER TO MAINTAIN SUCH
ACCOUNTS OR ANY ERROR THEREIN SHALL NOT IN ANY MANNER AFFECT THE OBLIGATION OF
THE BORROWER TO REPAY THE OBLIGATIONS IN ACCORDANCE WITH THEIR TERMS.

 

(IV)          ANY LENDER MAY REQUEST THAT ITS REVOLVING LOANS OR, IN THE CASE OF
THE SWING LINE LENDER, THE SWING LINE LOANS, BE EVIDENCED BY A PROMISSORY NOTE
IN SUBSTANTIALLY THE FORM OF EXHIBIT D WITH APPROPRIATE CHANGES FOR NOTES
EVIDENCING SWING LINE LOANS (A “NOTE”).  IN SUCH EVENT, THE BORROWER SHALL
PREPARE, EXECUTE AND DELIVER TO SUCH LENDER SUCH NOTE PAYABLE TO THE ORDER OF
SUCH LENDER OR ITS REGISTERED ASSIGNS.  THEREAFTER, THE REVOLVING LOANS
EVIDENCED BY SUCH NOTE AND INTEREST THEREON SHALL AT ALL TIMES (PRIOR TO ANY
ASSIGNMENT PURSUANT TO SECTION 12.3) BE REPRESENTED BY ONE OR MORE NOTES PAYABLE
TO THE ORDER OF THE PAYEE NAMED THEREIN, EXCEPT TO THE EXTENT THAT ANY SUCH
LENDER SUBSEQUENTLY RETURNS ANY SUCH NOTE FOR CANCELLATION AND REQUESTS THAT
SUCH REVOLVING LOANS ONCE AGAIN BE EVIDENCED AS DESCRIBED IN PARAGRAPHS (I) AND
(II) ABOVE.

 

2.14.        TELEPHONIC NOTICES.  THE BORROWER HEREBY AUTHORIZES THE LENDERS AND
THE AGENT TO EXTEND, CONVERT OR CONTINUE ADVANCES, EFFECT SELECTIONS OF TYPES OF
ADVANCES AND TO TRANSFER FUNDS BASED ON TELEPHONIC NOTICES MADE BY ANY PERSON OR
PERSONS THE AGENT OR ANY LENDER IN GOOD FAITH BELIEVES TO BE ACTING ON BEHALF OF
THE BORROWER, IT BEING UNDERSTOOD THAT THE FOREGOING AUTHORIZATION IS
SPECIFICALLY INTENDED TO ALLOW BORROWING NOTICES AND CONVERSION/CONTINUATION
NOTICES TO BE GIVEN TELEPHONICALLY.  THE BORROWER AGREES TO DELIVER PROMPTLY TO
THE AGENT A WRITTEN CONFIRMATION, SIGNED BY AN AUTHORIZED OFFICER, IF SUCH
CONFIRMATION IS REQUESTED BY THE AGENT OR ANY LENDER, OF EACH TELEPHONIC
NOTICE.  IF THE WRITTEN CONFIRMATION DIFFERS IN ANY MATERIAL RESPECT FROM THE
ACTION TAKEN BY THE AGENT AND THE LENDERS, THE RECORDS OF THE AGENT AND THE
LENDERS SHALL GOVERN ABSENT MANIFEST ERROR.

 

2.15.        INTEREST PAYMENT DATES; INTEREST AND FEE BASIS.  INTEREST ACCRUED
ON EACH FLOATING RATE ADVANCE SHALL BE PAYABLE IN ARREARS ON EACH PAYMENT DATE,
COMMENCING WITH THE FIRST SUCH DATE TO OCCUR AFTER THE RESTATEMENT EFFECTIVE
DATE, ON ANY DATE ON WHICH THE FLOATING RATE ADVANCE IS PREPAID, WHETHER DUE TO
ACCELERATION OR OTHERWISE, AND AT MATURITY.  INTEREST ACCRUED ON EACH EURODOLLAR
ADVANCE SHALL BE PAYABLE ON THE LAST DAY OF ITS APPLICABLE INTEREST PERIOD, ON
ANY DATE ON WHICH THE EURODOLLAR ADVANCE IS PREPAID, WHETHER BY ACCELERATION OR
OTHERWISE, AND AT MATURITY.  INTEREST ACCRUED

 

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ON EACH EURODOLLAR ADVANCE HAVING AN INTEREST PERIOD LONGER THAN THREE
(3) MONTHS SHALL ALSO BE PAYABLE ON THE LAST DAY OF EACH THREE-MONTH INTERVAL
DURING SUCH INTEREST PERIOD.  LC FEES AND ALL OTHER FEES HEREUNDER AND INTEREST
ON EURODOLLAR ADVANCES SHALL BE CALCULATED FOR ACTUAL DAYS ELAPSED ON THE BASIS
OF A 360-DAY YEAR.  INTEREST ON FLOATING RATE ADVANCES SHALL BE CALCULATED FOR
ACTUAL DAYS ELAPSED ON THE BASIS OF A 365/366-DAY YEAR.  INTEREST ON SWING LINE
LOANS SHALL BE CALCULATED ON A BASIS AGREED TO BY THE SWING LINE LENDER AND THE
BORROWER.  INTEREST SHALL BE PAYABLE FOR THE DAY AN ADVANCE IS MADE BUT NOT FOR
THE DAY OF ANY PAYMENT ON THE AMOUNT PAID IF PAYMENT IS RECEIVED PRIOR TO 12:00
NOON (CHICAGO TIME) AT THE PLACE OF PAYMENT.  IF ANY PAYMENT OF PRINCIPAL OF OR
INTEREST ON AN ADVANCE, ANY FEES OR ANY OTHER AMOUNTS PAYABLE TO THE AGENT OR
ANY LENDER HEREUNDER SHALL BECOME DUE ON A DAY WHICH IS NOT A BUSINESS DAY, SUCH
PAYMENT SHALL BE MADE ON THE NEXT SUCCEEDING BUSINESS DAY AND, IN THE CASE OF A
PRINCIPAL PAYMENT, SUCH EXTENSION OF TIME SHALL BE INCLUDED IN COMPUTING
INTEREST, FEES AND COMMISSIONS IN CONNECTION WITH SUCH PAYMENT.  IN ADDITION, ON
THE RESTATEMENT EFFECTIVE DATE, THE BORROWER SHALL PAY TO THE AGENT FOR THE
RATABLE ACCOUNT OF THE LENDERS THEN PARTY TO THE EXISTING CREDIT AGREEMENT THE
ACCRUED AND UNPAID INTEREST UNDER THE EXISTING CREDIT AGREEMENT THROUGH THE
RESTATEMENT EFFECTIVE DATE.

 

2.16.        NOTIFICATION OF ADVANCES, INTEREST RATES, PREPAYMENTS AND
COMMITMENT REDUCTIONS; AVAILABILITY OF LOANS.  PROMPTLY AFTER RECEIPT THEREOF,
THE AGENT WILL NOTIFY EACH LENDER OF THE CONTENTS OF EACH AGGREGATE COMMITMENT
REDUCTION NOTICE, BORROWING NOTICE, SWING LINE BORROWING NOTICE,
CONVERSION/CONTINUATION NOTICE, AND REPAYMENT NOTICE RECEIVED BY IT HEREUNDER. 
PROMPTLY AFTER NOTICE FROM THE APPLICABLE LC ISSUER, THE AGENT WILL NOTIFY EACH
LENDER OF THE CONTENTS OF EACH REQUEST FOR ISSUANCE OF A FACILITY LC HEREUNDER. 
THE AGENT WILL NOTIFY THE BORROWER AND EACH LENDER OF THE INTEREST RATE
APPLICABLE TO EACH EURODOLLAR ADVANCE PROMPTLY UPON DETERMINATION OF SUCH
INTEREST RATE AND WILL GIVE THE BORROWER AND EACH LENDER PROMPT NOTICE OF EACH
CHANGE IN THE ALTERNATE BASE RATE.  NOT LATER THAN 2:00 P.M. (CHICAGO TIME) ON
EACH BORROWING DATE, EACH LENDER SHALL MAKE AVAILABLE ITS REVOLVING LOAN OR
REVOLVING LOANS IN FUNDS IMMEDIATELY AVAILABLE IN CHICAGO TO THE AGENT AT ITS
ADDRESS SPECIFIED PURSUANT TO ARTICLE XIII.  THE AGENT WILL PROMPTLY MAKE THE
FUNDS SO RECEIVED FROM THE LENDERS AVAILABLE TO THE BORROWER AT THE AGENT’S
AFORESAID ADDRESS IN AN ACCOUNT MAINTAINED AND DESIGNATED BY THE BORROWER.

 

2.17.        LENDING INSTALLATIONS.  EACH LENDER MAY BOOK ITS REVOLVING LOANS
AND ITS PARTICIPATION IN ANY LC OBLIGATIONS AND THE LC ISSUERS MAY BOOK THE
FACILITY LCS ISSUED BY IT AT ANY LENDING INSTALLATION SELECTED BY SUCH LENDER OR
LC ISSUER, AS APPLICABLE, AND MAY CHANGE ITS LENDING INSTALLATION FROM TIME TO
TIME.  ALL TERMS OF THIS AGREEMENT SHALL APPLY TO ANY SUCH LENDING INSTALLATION
AND THE REVOLVING LOANS, FACILITY LCS, PARTICIPATIONS IN LC OBLIGATIONS AND ANY
NOTES ISSUED HEREUNDER SHALL BE DEEMED HELD BY EACH LENDER OR LC ISSUER, AS
APPLICABLE, FOR THE BENEFIT OF ANY SUCH LENDING INSTALLATION.  EACH LENDER AND
LC ISSUER MAY, BY WRITTEN NOTICE TO THE AGENT AND THE BORROWER IN ACCORDANCE
WITH ARTICLE XIII, DESIGNATE REPLACEMENT OR ADDITIONAL LENDING INSTALLATIONS
THROUGH WHICH REVOLVING LOANS WILL BE MADE BY IT OR FACILITY LCS WILL BE ISSUED
BY IT AND FOR WHOSE ACCOUNT REVOLVING LOAN PAYMENTS OR PAYMENTS WITH RESPECT TO
FACILITY LCS ARE TO BE MADE.  IN ADDITION, EACH SUCH LENDER THAT BOOKS ITS
REVOLVING LOANS AND ITS PARTICIPATION IN ANY LC OBLIGATIONS AT ANY LENDING
INSTALLATION AND EACH LC ISSUER THAT BOOKS THE FACILITY LCS ISSUED BY IT AT ANY
LENDING INSTALLATION AS PROVIDED IN THIS SECTION 

 

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2.17, (I) SHALL KEEP A REGISTER FOR THE REGISTRATION RELATING TO EACH SUCH
REVOLVING LOAN, LC OBLIGATION AND FACILITY LC, AS APPLICABLE, SPECIFYING SUCH
LENDING INSTALLATION’S NAME, ADDRESS AND ENTITLEMENT TO PAYMENTS OF PRINCIPAL
AND INTEREST OR ANY OTHER PAYMENTS WITH RESPECT TO SUCH REVOLVING LOAN, LC
OBLIGATION AND FACILITY LC, AS APPLICABLE, AND EACH TRANSFER THEREOF AND THE
NAME AND ADDRESS OF EACH TRANSFEREE AND (II) SHALL COLLECT, PRIOR TO THE TIME
SUCH LENDING INSTALLATION RECEIVES PAYMENT WITH RESPECT TO SUCH REVOLVING LOANS,
LC OBLIGATIONS AND FACILITY LCS, AS APPLICABLE AS THE CASE MAY BE, FROM EACH
SUCH LENDING INSTALLATION, THE APPROPRIATE FORMS, CERTIFICATES, AND STATEMENTS
DESCRIBED IN SECTION 3.5 (AND UPDATED AS REQUIRED BY SECTION 3.5) AS IF LENDING
INSTALLATION WERE A LENDER UNDER SECTION 3.5.

 

2.18.        NON-RECEIPT OF FUNDS BY THE AGENT.  UNLESS THE BORROWER OR A
LENDER, AS THE CASE MAY BE, NOTIFIES THE AGENT PRIOR TO THE DATE ON WHICH IT IS
SCHEDULED TO MAKE PAYMENT TO THE AGENT OF (I) IN THE CASE OF A LENDER, THE
PROCEEDS OF A REVOLVING LOAN OR (II) IN THE CASE OF THE BORROWER, A PAYMENT OF
PRINCIPAL, INTEREST OR FEES TO THE AGENT FOR THE ACCOUNT OF THE LENDERS, THAT IT
DOES NOT INTEND TO MAKE SUCH PAYMENT, THE AGENT MAY ASSUME THAT SUCH PAYMENT HAS
BEEN MADE.  THE AGENT MAY, BUT SHALL NOT BE OBLIGATED TO, MAKE THE AMOUNT OF
SUCH PAYMENT AVAILABLE TO THE INTENDED RECIPIENT IN RELIANCE UPON SUCH
ASSUMPTION.  IF SUCH LENDER OR THE BORROWER, AS THE CASE MAY BE, HAS NOT IN FACT
MADE SUCH PAYMENT TO THE AGENT, THE RECIPIENT OF SUCH PAYMENT SHALL, ON DEMAND
BY THE AGENT, REPAY TO THE AGENT THE AMOUNT SO MADE AVAILABLE TOGETHER WITH
INTEREST THEREON IN RESPECT OF EACH DAY DURING THE PERIOD COMMENCING ON THE DATE
SUCH AMOUNT WAS SO MADE AVAILABLE BY THE AGENT UNTIL THE DATE THE AGENT RECOVERS
SUCH AMOUNT AT A RATE PER ANNUM EQUAL TO (X) IN THE CASE OF PAYMENT BY A LENDER,
THE FEDERAL FUNDS EFFECTIVE RATE FOR SUCH DAY FOR THE FIRST THREE DAYS AND,
THEREAFTER, THE INTEREST RATE APPLICABLE TO THE RELEVANT REVOLVING LOAN OR (Y)
IN THE CASE OF PAYMENT BY THE BORROWER, THE INTEREST RATE APPLICABLE TO THE
RELEVANT REVOLVING LOAN.

 

2.19.        REPLACEMENT OF LENDER.  IF (I) THE BORROWER IS REQUIRED PURSUANT TO
SECTION 3.1, 3.2 OR 3.5 TO MAKE ANY ADDITIONAL PAYMENT TO ANY LENDER OR IF ANY
LENDER’S OBLIGATION TO MAKE OR CONTINUE, OR TO CONVERT FLOATING RATE ADVANCES
INTO, EURODOLLAR ADVANCES SHALL BE SUSPENDED PURSUANT TO SECTION 3.3, (II) ANY
LENDER BECOMES INSOLVENT AND ITS ASSETS BECOME SUBJECT TO A RECEIVER,
LIQUIDATOR, TRUSTEE, CUSTODIAN OR OTHER PERSON HAVING SIMILAR POWERS, (III) ANY
LENDER REFUSES TO CONSENT TO CERTAIN PROPOSED CHANGES, WAIVERS, DISCHARGES OR
TERMINATIONS WITH RESPECT TO THIS AGREEMENT REQUIRING THE CONSENT OF ALL LENDERS
(OR ALL AFFECTED LENDERS) PURSUANT TO SECTION 8.2 AND THE SAME HAVE BEEN
APPROVED BY THE REQUIRED LENDERS, OR (IV) ANY LENDER DEFAULTS ON ITS OBLIGATION
TO MAKE AVAILABLE ITS PRO RATA SHARE OF ANY ADVANCE OR TO FUND ITS PRO RATA
SHARE OF ANY UNREIMBURSED PAYMENT AS REQUIRED BY THIS AGREEMENT (OR SUCH LENDER
HAS NOTIFIED THE BORROWER AND THE AGENT IN WRITING THAT IT DOES NOT INTEND TO
COMPLY WITH IS OBLIGATIONS UNDER THIS AGREEMENT) (ANY LENDER IN CLAUSES
(I) THROUGH (IV) ABOVE BEING AN “AFFECTED LENDER”), THE BORROWER MAY ELECT TO
TERMINATE OR REPLACE THE COMMITMENT OF SUCH AFFECTED LENDER, PROVIDED THAT NO
DEFAULT OR UNMATURED DEFAULT SHALL HAVE OCCURRED AND BE CONTINUING AT THE TIME
OF SUCH TERMINATION OR REPLACEMENT UNLESS THE SAME SHALL BE WAIVED IN CONNECTION
WITH SUCH TERMINATION OR REPLACEMENT, AND PROVIDED FURTHER THAT, CONCURRENTLY
WITH SUCH TERMINATION OR REPLACEMENT, (A) IF THE AFFECTED LENDER IS BEING
REPLACED, ANOTHER BANK OR OTHER ENTITY WHICH IS REASONABLY SATISFACTORY TO THE
BORROWER AND THE AGENT SHALL AGREE, AS OF SUCH DATE, TO PURCHASE FOR CASH THE
OUTSTANDING CREDIT EXPOSURE OF SUCH AFFECTED LENDER PURSUANT TO AN ASSIGNMENT
AGREEMENT SUBSTANTIALLY IN THE FORM OF EXHIBIT C AND TO BECOME A LENDER FOR ALL
PURPOSES UNDER THIS AGREEMENT AND TO ASSUME ALL OBLIGATIONS OF SUCH AFFECTED

 

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LENDER TO BE TERMINATED AS OF SUCH DATE AND TO COMPLY WITH THE REQUIREMENTS OF
SECTION 12.3 APPLICABLE TO ASSIGNMENTS, (B) IN THE CASE OF REPLACEMENT, THE
REPLACEMENT LENDER SHALL PAY TO THE AFFECTED LENDER AN AMOUNT EQUAL TO THE SUM
OF (1) AN AMOUNT EQUAL TO THE PRINCIPAL OF, AND ALL ACCRUED INTEREST ON, ALL
OUTSTANDING CREDIT EXPOSURE OF SUCH AFFECTED LENDER AND (2) AN AMOUNT EQUAL TO
ALL ACCRUED BUT UNPAID FEES OWING TO SUCH AFFECTED LENDER UNDER THIS AGREEMENT,
AND, TO THE EXTENT NOT PAID BY THE PURCHASING LENDER, THE BORROWER SHALL PAY TO
SUCH AFFECTED LENDER IN IMMEDIATELY AVAILABLE FUNDS ON THE DAY OF SUCH
REPLACEMENT (X) ALL INTEREST, FEES AND OTHER AMOUNTS THEN ACCRUED BUT UNPAID TO
SUCH AFFECTED LENDER BY THE BORROWER HEREUNDER TO AND INCLUDING THE DATE OF
TERMINATION, INCLUDING WITHOUT LIMITATION PAYMENTS DUE TO SUCH AFFECTED LENDER
UNDER SECTIONS 3.1, 3.2 AND 3.5, AND (Y) AN AMOUNT, IF ANY, EQUAL TO THE PAYMENT
WHICH WOULD HAVE BEEN DUE TO SUCH AFFECTED LENDER ON THE DAY OF SUCH REPLACEMENT
UNDER SECTION 3.4 HAD THE REVOLVING LOANS OF SUCH AFFECTED LENDER BEEN PREPAID
ON SUCH DATE RATHER THAN SOLD TO THE REPLACEMENT LENDER, IN EACH CASE TO THE
EXTENT NOT PAID BY THE PURCHASING LENDER, AND (C) IF THE AFFECTED LENDER IS
BEING TERMINATED, THE BORROWER SHALL PAY TO SUCH AFFECTED LENDER AN AMOUNT EQUAL
TO THE SUM OF (1) AN AMOUNT EQUAL TO THE PRINCIPAL OF, AND ALL ACCRUED INTEREST
TO AN INCLUDING THE DATE OF TERMINATION ON, ALL OUTSTANDING CREDIT EXPOSURE OF
SUCH AFFECTED LENDER PLUS (2) AN AMOUNT EQUAL TO ALL ACCRUED BUT UNPAID FEES TO
AN INCLUDING THE DATE OF TERMINATION OWING TO SUCH AFFECTED LENDER UNDER THIS
AGREEMENT PLUS (3) ALL AMOUNTS DUE TO SUCH AFFECTED LENDER UNDER SECTIONS 3.1,
3.2 AND 3.5 AND ANY AMOUNT DUE TO SUCH AFFECTED LENDER UNDER SECTION 3.4.

 

2.20.        FACILITY LCS.

 

2.20.1  ISSUANCE.  THE LC ISSUERS HEREBY AGREE, ON THE TERMS AND CONDITIONS SET
FORTH IN THIS AGREEMENT, TO ISSUE STANDBY LETTERS OF CREDIT IN DOLLARS (EACH,
TOGETHER WITH EACH LETTER OF CREDIT ISSUED OR DEEMED TO BE ISSUED PURSUANT TO
THE EXISTING CREDIT AGREEMENT AND OUTSTANDING ON THE RESTATEMENT EFFECTIVE DATE,
A “FACILITY LC”) AND TO RENEW, EXTEND, INCREASE, DECREASE OR OTHERWISE MODIFY
EACH FACILITY LC (“MODIFY,” AND EACH SUCH ACTION, A “MODIFICATION”), FROM TIME
TO TIME FROM AND INCLUDING THE RESTATEMENT EFFECTIVE DATE AND PRIOR TO THE
FACILITY TERMINATION DATE UPON THE REQUEST OF THE BORROWER; PROVIDED THAT
IMMEDIATELY AFTER EACH SUCH FACILITY LC IS ISSUED OR MODIFIED, (I) THE AGGREGATE
AMOUNT OF THE OUTSTANDING LC OBLIGATIONS SHALL NOT EXCEED $90,000,000 AND
(II) THE AGGREGATE OUTSTANDING CREDIT EXPOSURE SHALL NOT EXCEED THE AGGREGATE
COMMITMENT.  NO FACILITY LC SHALL HAVE AN EXPIRY DATE LATER THAN THE EARLIER OF
(X) THE FIFTH BUSINESS DAY PRIOR TO THE FACILITY TERMINATION DATE AND (Y) ONE
YEAR AFTER ITS ISSUANCE; PROVIDED THAT ANY FACILITY LC WITH A ONE-YEAR TENOR MAY
PROVIDE FOR THE RENEWAL THEREOF FOR ADDITIONAL ONE YEAR PERIODS (WHICH, SUBJECT
TO THE NEXT SUCCEEDING PROVISO, MAY EXTEND BEYOND THE DATE REFERRED TO IN CLAUSE
(X) ABOVE); PROVIDED, HOWEVER, THAT, SUBJECT TO THE TERMS OF SECTION 2.20.11, ON
OR BEFORE THE 10TH DAY PRIOR TO THE FACILITY TERMINATION DATE THE BORROWER MAY
REQUEST AND THE LC ISSUERS HEREBY AGREE TO ISSUE FACILITY LCS WITH (OR TO MODIFY
FACILITY LCS TO HAVE) AN EXPIRY DATE ON OR AFTER THE FACILITY TERMINATION DATE
BUT NOT LATER THAN THE TWELVE-MONTH ANNIVERSARY OF THE FACILITY TERMINATION
DATE.

 

2.20.2  PARTICIPATIONS.  UPON (A) THE RESTATEMENT EFFECTIVE DATE WITH RESPECT TO
EACH FACILITY LC ISSUED AND OUTSTANDING UNDER THE EXISTING CREDIT AGREEMENT AND
(B) THE ISSUANCE OR MODIFICATION BY THE APPLICABLE LC ISSUER OF EACH OTHER
FACILITY LC IN

 

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ACCORDANCE WITH THIS SECTION 2.20, SUCH LC ISSUER SHALL BE DEEMED, WITHOUT
FURTHER ACTION BY ANY PARTY HERETO, TO HAVE UNCONDITIONALLY AND IRREVOCABLY SOLD
TO EACH LENDER, AND EACH LENDER SHALL BE DEEMED, WITHOUT FURTHER ACTION BY ANY
PARTY HERETO, TO HAVE UNCONDITIONALLY AND IRREVOCABLY PURCHASED FROM SUCH LC
ISSUER, A PARTICIPATION IN SUCH FACILITY LC (AND EACH MODIFICATION THEREOF) AND
THE RELATED LC OBLIGATIONS IN PROPORTION TO ITS PRO RATA SHARE.

 

2.20.3  NOTICE.  SUBJECT TO SECTION 2.20.1, THE BORROWER SHALL GIVE THE
APPLICABLE LC ISSUER NOTICE PRIOR TO 10:00 A.M. (CHICAGO TIME) AT LEAST THREE
(3) BUSINESS DAYS PRIOR TO THE PROPOSED DATE OF ISSUANCE OR MODIFICATION OF EACH
FACILITY LC (OR SUCH SHORTER PERIOD AS SHALL BE AGREED TO BY THE BORROWER, THE
AGENT AND THE LC ISSUER), SPECIFYING THE BENEFICIARY, THE PROPOSED DATE OF
ISSUANCE (OR MODIFICATION) AND THE EXPIRY DATE OF SUCH FACILITY LC, AND
DESCRIBING THE PROPOSED TERMS OF SUCH FACILITY LC AND THE NATURE OF THE
TRANSACTIONS PROPOSED TO BE SUPPORTED THEREBY.  THE APPLICABLE LC ISSUER SHALL
PROMPTLY NOTIFY THE AGENT, AND, UPON ISSUANCE ONLY, THE AGENT SHALL PROMPTLY
NOTIFY EACH LENDER, OF THE CONTENTS THEREOF AND OF THE AMOUNT OF SUCH LENDER’S
PARTICIPATION IN SUCH FACILITY LC.  THE ISSUANCE OR MODIFICATION BY ANY LC
ISSUER OF ANY FACILITY LC SHALL, IN ADDITION TO THE CONDITIONS PRECEDENT SET
FORTH IN ARTICLE IV (THE SATISFACTION OF WHICH SUCH LC ISSUER SHALL HAVE NO DUTY
TO ASCERTAIN), BE SUBJECT TO THE CONDITIONS PRECEDENT THAT SUCH FACILITY LC
SHALL BE REASONABLY SATISFACTORY TO SUCH LC ISSUER AND THAT THE BORROWER SHALL
HAVE EXECUTED AND DELIVERED SUCH APPLICATION AGREEMENT AND/OR SUCH OTHER
INSTRUMENTS AND AGREEMENTS RELATING TO SUCH FACILITY LC AS SUCH LC ISSUER SHALL
HAVE REASONABLY REQUESTED (EACH, A “FACILITY LC APPLICATION”).  IN THE EVENT OF
ANY CONFLICT BETWEEN THE TERMS OF THIS AGREEMENT AND THE TERMS OF ANY FACILITY
LC APPLICATION, THE TERMS OF THIS AGREEMENT SHALL CONTROL.

 

2.20.4  LC FEES.  THE BORROWER SHALL PAY TO THE AGENT, FOR THE ACCOUNT OF THE
LENDERS RATABLY IN ACCORDANCE WITH THEIR RESPECTIVE PRO RATA SHARES, A LETTER OF
CREDIT FEE AT A PER ANNUM RATE EQUAL TO THE APPLICABLE MARGIN FOR EURODOLLAR
LOANS IN EFFECT FROM TIME TO TIME ON THE AVERAGE DAILY UNDRAWN AMOUNT UNDER SUCH
FACILITY LC, SUCH FEE TO BE PAYABLE IN ARREARS ON EACH PAYMENT DATE.  THE
BORROWER SHALL ALSO PAY TO EACH LC ISSUER FOR ITS OWN ACCOUNT (X) IN ARREARS ON
EACH PAYMENT DATE, A PER ANNUM FRONTING FEE IN AN AMOUNT AGREED UPON BETWEEN THE
BORROWER AND SUCH LC ISSUER MULTIPLIED BY THE AVERAGE DAILY UNDRAWN AMOUNT UNDER
SUCH FACILITY LC, AND (Y) DOCUMENTARY AND PROCESSING CHARGES IN CONNECTION WITH
THE ISSUANCE, OR MODIFICATION CANCELLATION, NEGOTIATION, OR TRANSFER OF, AND
DRAWS UNDER FACILITY LCS IN ACCORDANCE WITH THE APPLICABLE LC ISSUER’S STANDARD
SCHEDULE FOR SUCH CHARGES AS IN EFFECT FROM TIME TO TIME.  EACH FEE DESCRIBED IN
THIS SECTION 2.20.4 SHALL CONSTITUTE AN “LC FEE”.

 

2.20.5  ADMINISTRATION; REIMBURSEMENT BY LENDERS.  UPON RECEIPT FROM THE
BENEFICIARY OF ANY FACILITY LC OF ANY DEMAND FOR PAYMENT UNDER SUCH FACILITY LC,
THE APPLICABLE LC ISSUER SHALL NOTIFY THE AGENT AND THE AGENT SHALL PROMPTLY
NOTIFY THE BORROWER AND EACH OTHER LENDER AS TO THE AMOUNT TO BE PAID BY SUCH LC
ISSUER AS A RESULT OF SUCH DEMAND AND THE PROPOSED PAYMENT DATE TO SUCH
BENEFICIARY (THE “LC PAYMENT DATE”); PROVIDED, HOWEVER, THAT THE FAILURE OF SUCH
LC ISSUER TO SO NOTIFY THE BORROWER SHALL NOT IN ANY MANNER AFFECT THE
OBLIGATIONS OF THE BORROWER TO REIMBURSE SUCH LC ISSUER PURSUANT TO
SECTION 2.20.6.  THE RESPONSIBILITY OF EACH LC ISSUER TO THE BORROWER

 

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AND EACH LENDER SHALL BE ONLY TO DETERMINE THAT THE DOCUMENTS (INCLUDING EACH
DEMAND FOR PAYMENT) DELIVERED UNDER EACH FACILITY LC ISSUED BY SUCH LC ISSUER IN
CONNECTION WITH SUCH PRESENTMENT SHALL BE IN CONFORMITY IN ALL MATERIAL RESPECTS
WITH SUCH FACILITY LC.  EACH LC ISSUER SHALL ENDEAVOR TO EXERCISE THE SAME CARE
IN THE ISSUANCE AND ADMINISTRATION OF THE FACILITY LCS ISSUED BY SUCH LC ISSUER
AS IT DOES WITH RESPECT TO LETTERS OF CREDIT IN WHICH NO PARTICIPATIONS ARE
GRANTED, IT BEING UNDERSTOOD THAT IN THE ABSENCE OF ANY GROSS NEGLIGENCE OR
WILLFUL MISCONDUCT BY THE APPLICABLE LC ISSUER, EACH LENDER SHALL BE
UNCONDITIONALLY AND IRREVOCABLY LIABLE WITHOUT REGARD TO THE OCCURRENCE OF ANY
DEFAULT OR ANY CONDITION PRECEDENT WHATSOEVER, TO REIMBURSE SUCH LC ISSUER ON
DEMAND FOR (I) SUCH LENDER’S PRO RATA SHARE OF THE AMOUNT OF EACH PAYMENT MADE
BY SUCH LC ISSUER UNDER EACH FACILITY LC ISSUED BY SUCH LC ISSUER TO THE EXTENT
SUCH AMOUNT IS NOT REIMBURSED BY THE BORROWER PURSUANT TO SECTION 2.20.6 BELOW,
PLUS (II) INTEREST ON THE FOREGOING AMOUNT TO BE REIMBURSED BY SUCH LENDER, FOR
EACH DAY FROM THE DATE OF THE APPLICABLE LC ISSUER’S DEMAND FOR SUCH
REIMBURSEMENT (OR, IF SUCH DEMAND IS MADE AFTER 12:00 NOON (CHICAGO TIME) ON
SUCH DATE, FROM THE NEXT SUCCEEDING BUSINESS DAY) TO THE DATE ON WHICH SUCH
LENDER PAYS THE AMOUNT TO BE REIMBURSED BY IT, AT A RATE OF INTEREST PER ANNUM
EQUAL TO THE FEDERAL FUNDS EFFECTIVE RATE FOR THE FIRST THREE (3) DAYS AND,
THEREAFTER, AT A RATE OF INTEREST EQUAL TO THE RATE APPLICABLE TO FLOATING RATE
ADVANCES.  IN THE EVENT ANY LC ISSUER SHALL RECEIVE ANY PAYMENT FROM ANY LENDER
PURSUANT TO THIS SECTION 2.20.5, THE AGENT (ACTING FOR THIS PURPOSE SOLELY AS
AGENT OF THE BORROWER) (I) SHALL KEEP A REGISTER FOR THE REGISTRATION RELATING
TO EACH SUCH REIMBURSEMENT OBLIGATION, SPECIFYING SUCH PARTICIPATING LENDER’S
NAME, ADDRESS AND ENTITLEMENT TO PAYMENTS WITH RESPECT TO SUCH PARTICIPATING
LENDER’S SHARE OF THE PRINCIPAL AMOUNT OF ANY REIMBURSEMENT OBLIGATION AND
INTEREST THEREON WITH RESPECT TO ITS RESPECTIVE PARTICIPATIONS, AND EACH
TRANSFER THEREOF AND THE NAME AND ADDRESS OF EACH TRANSFEREE AND (II) SHALL
COLLECT, PRIOR TO THE TIME SUCH PARTICIPATING LENDER RECEIVES PAYMENT WITH
RESPECT TO SUCH PARTICIPATION, FROM EACH SUCH PARTICIPATING LENDER THE
APPROPRIATE FORMS, CERTIFICATES, AND STATEMENTS DESCRIBED IN SECTION 3.5 (AND
UPDATED AS REQUIRED BY SECTION 3.5) AS IF SUCH PARTICIPATING LENDER WERE A
LENDER UNDER SECTION 3.5.

 

2.20.6  REIMBURSEMENT BY BORROWER.  THE BORROWER SHALL BE IRREVOCABLY AND
UNCONDITIONALLY OBLIGATED TO REIMBURSE THE LC ISSUERS ON OR BEFORE THE FIRST
BUSINESS DAY AFTER THE APPLICABLE LC PAYMENT DATE (THE “LC REIMBURSEMENT DATE”)
FOR ANY AMOUNTS PAID BY ANY LC ISSUER UPON ANY DRAWING UNDER ANY FACILITY LC
ISSUED BY SUCH LC ISSUER, WITHOUT PRESENTMENT, DEMAND, PROTEST OR OTHER
FORMALITIES OF ANY KIND; PROVIDED THAT NEITHER THE BORROWER NOR ANY LENDER SHALL
HEREBY BE PRECLUDED FROM ASSERTING ANY CLAIM FOR DIRECT (BUT NOT CONSEQUENTIAL)
DAMAGES SUFFERED BY THE BORROWER OR SUCH LENDER TO THE EXTENT, BUT ONLY TO THE
EXTENT, CAUSED BY (I) THE WILLFUL MISCONDUCT OR GROSS NEGLIGENCE OF THE
APPLICABLE LC ISSUER IN DETERMINING WHETHER A REQUEST PRESENTED UNDER ANY
FACILITY LC ISSUED BY IT COMPLIED WITH THE TERMS OF SUCH FACILITY LC OR (II) THE
APPLICABLE LC ISSUER’S FAILURE TO PAY UNDER ANY FACILITY LC ISSUED BY IT AFTER
THE PRESENTATION TO IT OF A REQUEST STRICTLY COMPLYING WITH THE TERMS AND
CONDITIONS OF SUCH FACILITY LC.  UNLESS THE BORROWER SHALL HAVE OTHERWISE
NOTIFIED THE AGENT AND THE APPLICABLE LC ISSUER PRIOR TO 12:00 NOON (CHICAGO
TIME) ON THE LC REIMBURSEMENT DATE WITH RESPECT TO ANY FACILITY LC, THE BORROWER
SHALL BE DEEMED TO HAVE ELECTED TO BORROW REVOLVING LOANS FROM THE LENDERS, AS
OF SUCH LC REIMBURSEMENT DATE, EQUAL IN AMOUNT TO THE AMOUNT OF THE UNPAID
REIMBURSEMENT OBLIGATIONS WITH RESPECT TO SUCH FACILITY LC.  SUBJECT TO THE

 

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SATISFACTION OF THE APPLICABLE CONDITIONS PRECEDENT SET FORTH IN ARTICLE IV,
SUCH REVOLVING LOANS SHALL BE MADE AS OF THE LC REIMBURSEMENT DATE AUTOMATICALLY
AND WITHOUT NOTICE.  SUCH REVOLVING LOANS SHALL CONSTITUTE A FLOATING RATE
ADVANCE, THE PROCEEDS OF WHICH ADVANCE SHALL BE USED TO REPAY SUCH REIMBURSEMENT
OBLIGATION.  IF, FOR ANY REASON, THE BORROWER FAILS TO REPAY A REIMBURSEMENT
OBLIGATION ON APPLICABLE LC REIMBURSEMENT DATE AND, FOR ANY REASON, THE LENDERS
ARE UNABLE TO MAKE OR HAVE NO OBLIGATION TO MAKE REVOLVING LOANS, THEN SUCH
REIMBURSEMENT OBLIGATION SHALL BEAR INTEREST, PAYABLE ON DEMAND, FOR EACH DAY
UNTIL PAID AT A RATE PER ANNUM EQUAL TO (X) THE RATE APPLICABLE TO FLOATING RATE
ADVANCES FOR SUCH DAY IF SUCH DAY FALLS ON OR BEFORE THE APPLICABLE LC
REIMBURSEMENT DATE AND (Y) THE SUM OF 2% PLUS THE RATE APPLICABLE TO FLOATING
RATE ADVANCES FOR SUCH DAY IF SUCH DAY FALLS AFTER SUCH LC REIMBURSEMENT DATE. 
EACH LC ISSUER WILL PAY TO EACH LENDER RATABLY IN ACCORDANCE WITH ITS PRO RATA
SHARE ALL AMOUNTS RECEIVED BY IT FROM THE BORROWER FOR APPLICATION IN PAYMENT,
IN WHOLE OR IN PART, OF THE REIMBURSEMENT OBLIGATION IN RESPECT OF ANY FACILITY
LC ISSUED BY SUCH LC ISSUER, BUT ONLY TO THE EXTENT SUCH LENDER HAS MADE PAYMENT
TO SUCH LC ISSUER IN RESPECT OF SUCH FACILITY LC PURSUANT TO SECTION 2.20.5.

 

2.20.7  OBLIGATIONS ABSOLUTE.  THE BORROWER’S OBLIGATIONS UNDER THIS
SECTION 2.20 SHALL BE ABSOLUTE AND UNCONDITIONAL UNDER ANY AND ALL CIRCUMSTANCES
AND IRRESPECTIVE OF ANY SETOFF, COUNTERCLAIM OR DEFENSE TO PAYMENT WHICH THE
BORROWER MAY HAVE OR HAVE HAD AGAINST ANY LC ISSUER, ANY LENDER OR ANY
BENEFICIARY OF A FACILITY LC.  THE BORROWER FURTHER AGREES WITH THE LC ISSUERS
AND THE LENDERS THAT THE LC ISSUERS AND THE LENDERS SHALL NOT BE RESPONSIBLE
FOR, AND THE BORROWER’S REIMBURSEMENT OBLIGATION IN RESPECT OF ANY FACILITY LC
SHALL NOT BE AFFECTED BY, AMONG OTHER THINGS, THE VALIDITY OR GENUINENESS OF
DOCUMENTS OR OF ANY ENDORSEMENTS THEREON, EVEN IF SUCH DOCUMENTS SHOULD IN FACT
PROVE TO BE IN ANY OR ALL RESPECTS INVALID, FRAUDULENT OR FORGED, OR ANY DISPUTE
BETWEEN OR AMONG THE BORROWER, ANY OF ITS AFFILIATES, THE BENEFICIARY OF ANY
FACILITY LC OR ANY FINANCING INSTITUTION OR OTHER PARTY TO WHOM ANY FACILITY LC
MAY BE TRANSFERRED OR ANY CLAIMS OR DEFENSES WHATSOEVER OF THE BORROWER OR OF
ANY OF ITS AFFILIATES AGAINST THE BENEFICIARY OF ANY FACILITY LC OR ANY SUCH
TRANSFEREE.  NO LC ISSUER SHALL BE LIABLE FOR ANY ERROR, OMISSION, INTERRUPTION
OR DELAY IN TRANSMISSION, DISPATCH OR DELIVERY OF ANY MESSAGE OR ADVICE, HOWEVER
TRANSMITTED, IN CONNECTION WITH ANY FACILITY LC.  THE BORROWER AGREES THAT ANY
ACTION TAKEN OR OMITTED BY ANY LC ISSUER OR ANY LENDER UNDER OR IN CONNECTION
WITH EACH FACILITY LC AND THE RELATED DRAFTS AND DOCUMENTS, IF DONE WITHOUT
GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, SHALL BE BINDING UPON THE BORROWER AND
SHALL NOT PUT ANY LC ISSUER OR ANY LENDER UNDER ANY LIABILITY TO THE BORROWER. 
NOTHING IN THIS SECTION 2.20.7 IS INTENDED TO LIMIT THE RIGHT OF THE BORROWER TO
MAKE A CLAIM AGAINST ANY LC ISSUER FOR DAMAGES AS CONTEMPLATED BY THE PROVISO TO
THE FIRST SENTENCE OF SECTION 2.20.6.

 

2.20.8  ACTIONS OF LC ISSUERS.  EACH LC ISSUER SHALL BE ENTITLED TO RELY, AND
SHALL BE FULLY PROTECTED IN RELYING, UPON ANY FACILITY LC, DRAFT, WRITING,
RESOLUTION, NOTICE, CONSENT, CERTIFICATE, AFFIDAVIT, LETTER, CABLEGRAM,
TELEGRAM, TELECOPY, TELEX OR TELETYPE MESSAGE, STATEMENT, ORDER OR OTHER
DOCUMENT BELIEVED BY IT TO BE GENUINE AND CORRECT AND TO HAVE BEEN SIGNED, SENT
OR MADE BY THE PROPER PERSON OR PERSONS, AND UPON ADVICE AND STATEMENTS OF LEGAL
COUNSEL, INDEPENDENT ACCOUNTANTS AND OTHER EXPERTS SELECTED BY SUCH LC ISSUER. 
EACH LC ISSUER SHALL BE FULLY JUSTIFIED IN FAILING OR REFUSING TO TAKE ANY
ACTION

 

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UNDER THIS AGREEMENT UNLESS IT SHALL FIRST HAVE RECEIVED SUCH ADVICE OR
CONCURRENCE OF THE REQUIRED LENDERS AS IT REASONABLY DEEMS APPROPRIATE OR IT
SHALL FIRST BE INDEMNIFIED TO ITS REASONABLE SATISFACTION BY THE LENDERS AGAINST
ANY AND ALL LIABILITY AND EXPENSE WHICH MAY BE INCURRED BY IT BY REASON OF
TAKING OR CONTINUING TO TAKE ANY SUCH ACTION. NOTWITHSTANDING ANY OTHER
PROVISION OF THIS SECTION 2.20, EACH LC ISSUER SHALL IN ALL CASES BE FULLY
PROTECTED IN ACTING, OR IN REFRAINING FROM ACTING, UNDER THIS AGREEMENT IN
ACCORDANCE WITH A REQUEST OF THE REQUIRED LENDERS, AND SUCH REQUEST AND ANY
ACTION TAKEN OR FAILURE TO ACT PURSUANT THERETO SHALL BE BINDING UPON THE
LENDERS AND ANY FUTURE HOLDERS OF A PARTICIPATION IN ANY FACILITY LC.

 

2.20.9  INDEMNIFICATION.  THE BORROWER HEREBY AGREES TO INDEMNIFY AND HOLD
HARMLESS EACH LENDER, EACH LC ISSUER AND THE AGENT, AND THEIR RESPECTIVE
DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES FROM AND AGAINST ANY AND ALL CLAIMS
AND DAMAGES, LOSSES, LIABILITIES, REASONABLE COSTS OR EXPENSES WHICH SUCH
LENDER, SUCH LC ISSUER OR THE AGENT MAY INCUR (OR WHICH MAY BE CLAIMED AGAINST
SUCH LENDER, SUCH LC ISSUER OR THE AGENT BY ANY PERSON WHATSOEVER) BY REASON OF
OR IN CONNECTION WITH THE ISSUANCE, EXECUTION AND DELIVERY OR TRANSFER OF OR
PAYMENT OR FAILURE TO PAY UNDER ANY FACILITY LC OR ANY ACTUAL OR PROPOSED USE OF
ANY FACILITY LC, INCLUDING, WITHOUT LIMITATION, ANY CLAIMS, DAMAGES, LOSSES,
LIABILITIES, REASONABLE COSTS OR EXPENSES WHICH ANY LC ISSUER MAY INCUR BY
REASON OF OR IN CONNECTION WITH (I) THE FAILURE OF ANY OTHER LENDER TO FULFILL
OR COMPLY WITH ITS OBLIGATIONS TO SUCH LC ISSUER HEREUNDER (BUT NOTHING HEREIN
CONTAINED SHALL AFFECT ANY RIGHTS THE BORROWER MAY HAVE AGAINST ANY DEFAULTING
LENDER) OR (II) BY REASON OF OR ON ACCOUNT OF SUCH LC ISSUER ISSUING ANY
FACILITY LC WHICH SPECIFIES THAT THE TERM “BENEFICIARY” INCLUDED THEREIN
INCLUDES ANY SUCCESSOR BY OPERATION OF LAW OF THE NAMED BENEFICIARY, BUT WHICH
FACILITY LC DOES NOT REQUIRE THAT ANY DRAWING BY ANY SUCH SUCCESSOR BENEFICIARY
BE ACCOMPANIED BY A COPY OF A LEGAL DOCUMENT, SATISFACTORY TO SUCH LC ISSUER,
EVIDENCING THE APPOINTMENT OF SUCH SUCCESSOR BENEFICIARY; PROVIDED THAT THE
BORROWER SHALL NOT BE REQUIRED TO INDEMNIFY ANY LENDER, ANY LC ISSUER OR THE
AGENT FOR ANY CLAIMS, DAMAGES, LOSSES, LIABILITIES, COSTS OR EXPENSES TO THE
EXTENT, BUT ONLY TO THE EXTENT, (X) CAUSED BY THE WILLFUL MISCONDUCT OR GROSS
NEGLIGENCE OF THE APPLICABLE LC ISSUER IN DETERMINING WHETHER A REQUEST
PRESENTED UNDER ANY FACILITY LC ISSUED BY SUCH LC ISSUER COMPLIED WITH THE TERMS
OF SUCH FACILITY LC OR (Y) CAUSED BY ANY LC ISSUER’S FAILURE TO PAY UNDER ANY
FACILITY LC ISSUED BY SUCH LC ISSUER AFTER THE PRESENTATION TO IT OF A REQUEST
STRICTLY COMPLYING WITH THE TERMS AND CONDITIONS OF SUCH FACILITY LC, OR (Z)
WITH RESPECT TO TAXES AND AMOUNTS RELATING THERETO (PAYMENTS WITH RESPECT TO
WHICH SHALL BE GOVERNED SOLELY AND EXCLUSIVELY BY SECTION 3.5).  NOTHING IN THIS
SECTION 2.20.9 IS INTENDED TO LIMIT THE OBLIGATIONS OF THE BORROWER UNDER ANY
OTHER PROVISION OF THIS AGREEMENT.

 

2.20.10  LENDERS’ INDEMNIFICATION.  EACH LENDER SHALL, RATABLY IN ACCORDANCE
WITH ITS PRO RATA SHARE, INDEMNIFY EACH LC ISSUER, ITS AFFILIATES AND THEIR
RESPECTIVE DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES (TO THE EXTENT NOT
REIMBURSED BY THE BORROWER) AGAINST ANY COST, EXPENSE (INCLUDING REASONABLE
COUNSEL FEES AND DISBURSEMENTS), CLAIM, DEMAND, ACTION, LOSS OR LIABILITY
(EXCEPT SUCH AS RESULT FROM SUCH INDEMNITEES’ GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT OR THE APPLICABLE LC ISSUER’S FAILURE TO PAY UNDER ANY FACILITY LC
ISSUED BY SUCH LC ISSUER AFTER THE PRESENTATION TO IT OF A REQUEST STRICTLY
COMPLYING WITH THE TERMS AND CONDITIONS OF SUCH FACILITY LC) THAT SUCH
INDEMNITEES MAY SUFFER OR INCUR

 

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IN CONNECTION WITH THIS SECTION 2.20 OR ANY ACTION TAKEN OR OMITTED BY SUCH
INDEMNITEES HEREUNDER.

 

2.20.11  FACILITY LC COLLATERAL ACCOUNT.  THE BORROWER AGREES THAT IT WILL, UPON
THE REASONABLE REQUEST OF THE AGENT OR THE REQUIRED LENDERS AND UNTIL THE FINAL
EXPIRATION DATE OF ANY FACILITY LC AND THEREAFTER AS LONG AS ANY AMOUNT IS
PAYABLE TO THE LC ISSUERS OR THE LENDERS IN RESPECT OF ANY FACILITY LC, MAINTAIN
A SPECIAL COLLATERAL ACCOUNT PURSUANT TO ARRANGEMENTS SATISFACTORY TO THE AGENT
(THE “FACILITY LC COLLATERAL ACCOUNT”) AT THE AGENT’S OFFICE AT THE ADDRESS
SPECIFIED PURSUANT TO ARTICLE XIII, IN THE NAME OF THE BORROWER BUT UNDER THE
SOLE DOMINION AND CONTROL OF THE AGENT, FOR THE BENEFIT OF THE LENDERS AND THE
LC ISSUERS, AND IN WHICH THE BORROWER SHALL HAVE NO INTEREST OTHER THAN AS SET
FORTH IN SECTION 8.1.  THE BORROWER HEREBY PLEDGES, ASSIGNS AND GRANTS TO THE
AGENT, ON BEHALF OF AND FOR THE RATABLE BENEFIT OF THE LENDERS AND THE LC
ISSUERS, A SECURITY INTEREST IN ALL OF THE BORROWER’S RIGHT, TITLE AND INTEREST
IN AND TO ALL FUNDS WHICH MAY FROM TIME TO TIME BE ON DEPOSIT IN THE FACILITY LC
COLLATERAL ACCOUNT TO SECURE THE PROMPT AND COMPLETE PAYMENT AND PERFORMANCE OF
THE SECURED OBLIGATIONS.  THE AGENT WILL INVEST ANY FUNDS ON DEPOSIT FROM TIME
TO TIME IN THE FACILITY LC COLLATERAL ACCOUNT IN CASH EQUIVALENT INVESTMENTS AS
DIRECTED BY THE BORROWER (IN THE ABSENCE OF A DEFAULT).  ON OR BEFORE THE 10TH
DAY PRIOR TO THE FACILITY TERMINATION DATE, THE BORROWER SHALL PAY TO THE AGENT
AN AMOUNT IN IMMEDIATELY AVAILABLE FUNDS, WHICH FUNDS SHALL BE HELD IN THE
FACILITY LC COLLATERAL ACCOUNT, EQUAL TO 1.05 MULTIPLIED BY THE AGGREGATE AMOUNT
OF THE OUTSTANDING LC OBLIGATIONS IN RESPECT OF FACILITY LCS WITH AN EXPIRY DATE
ON OR AFTER THE FACILITY TERMINATION DATE.  NOTHING IN THIS SECTION 2.20.11
SHALL EITHER OBLIGATE THE AGENT TO REQUIRE THE BORROWER TO DEPOSIT ANY FUNDS IN
THE FACILITY LC COLLATERAL ACCOUNT OR LIMIT THE RIGHT OF THE AGENT TO RELEASE
ANY FUNDS HELD IN THE FACILITY LC COLLATERAL ACCOUNT IN EACH CASE OTHER THAN AS
REQUIRED BY SECTION 8.1 AND THE IMMEDIATELY PRECEDING SENTENCE.

 

2.20.12  RIGHTS AS A LENDER.  IN ITS CAPACITY AS A LENDER, EACH LC ISSUER SHALL
HAVE THE SAME RIGHTS AND OBLIGATIONS AS ANY OTHER LENDER.

 

2.21.        INCREASE OF AGGREGATE COMMITMENT.  SUBJECT TO SECTION 2.5 AND THE
OTHER TERMS AND CONDITIONS OF THIS AGREEMENT, AT ANY TIME PRIOR TO THE FACILITY
TERMINATION DATE, THE BORROWER MAY, ON THE TERMS SET FORTH BELOW, REQUEST THAT
(A) THE AGGREGATE COMMITMENT HEREUNDER BE INCREASED BY AN AMOUNT UP TO
$100,000,000 AND/OR (B) TERM LOANS BE ISSUED HEREUNDER (SUCH TERM LOANS BEING
“TERM LOANS”) ON TERMS AND CONDITIONS (INCLUDING, WITHOUT LIMITATION, PRICING,
AMORTIZATION, PREPAYMENT AND RELATED INTEREST RATE HEDGING) REASONABLY
ACCEPTABLE TO THE AGENT IN AN AGGREGATE PRINCIPAL AMOUNT UP TO $100,000,000;
PROVIDED, HOWEVER, THAT (I) NO SUCH INCREASE SHALL CAUSE THE AGGREGATE
COMMITMENT PLUS ALL TERM LOANS TO EXCEED (X) $375,000,000 MINUS (Y) ANY
REDUCTION IN THE COMMITMENTS UNDER SECTIONS 2.2 OR 2.5.2 AND ALL THERETOFORE
SCHEDULED PRINCIPAL PAYMENTS OR PREPAYMENTS IN RESPECT OF ANY TERM LOANS,
(II) AN INCREASE IN THE AGGREGATE COMMITMENT OR ISSUANCE OF TERM LOANS HEREUNDER
MAY ONLY BE MADE AT A TIME WHEN NO DEFAULT OR UNMATURED DEFAULT SHALL HAVE
OCCURRED AND BE CONTINUING OR WOULD RESULT THEREFROM AND (III) NO LENDER’S
COMMITMENT SHALL BE INCREASED, NOR SHALL ANY LENDER HAVE ANY COMMITMENT TO MAKE
ANY TERM LOAN, UNDER THIS SECTION 2.21 WITHOUT ITS CONSENT.  IN THE EVENT OF
SUCH A REQUESTED INCREASE IN THE AGGREGATE COMMITMENT OR ISSUANCE OF TERM LOANS,
ANY FINANCIAL INSTITUTION SELECTED BY THE BORROWER AND THE ARRANGER, AND

 

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REASONABLY ACCEPTABLE TO THE AGENT, MAY BECOME A LENDER OR INCREASE ITS
COMMITMENT OR ISSUE SUCH TERM LOANS AND MAY SET THE AMOUNT OF ITS COMMITMENT OR
TERM LOAN, AS APPLICABLE, AT A LEVEL AGREED TO BY THE BORROWER AND THE AGENT. 
IN THE EVENT THAT THE BORROWER AND ONE OR MORE OF THE LENDERS (OR OTHER
FINANCIAL INSTITUTIONS) SHALL AGREE UPON SUCH AN INCREASE IN THE AGGREGATE
COMMITMENT AND/OR ISSUANCE OF TERM LOANS (I) THE BORROWER, THE AGENT AND EACH
LENDER OR OTHER FINANCIAL INSTITUTION INCREASING ITS COMMITMENT OR EXTENDING A
NEW COMMITMENT OR TERM LOAN SHALL ENTER INTO AN AMENDMENT TO THIS AGREEMENT
SETTING FORTH THE AMOUNTS OF THE COMMITMENTS AND TERM LOANS, AS APPLICABLE, AS
SO INCREASED, PROVIDING THAT THE FINANCIAL INSTITUTIONS EXTENDING NEW
COMMITMENTS OR TERM LOANS SHALL BE LENDERS FOR ALL PURPOSES UNDER THIS
AGREEMENT, AND SETTING FORTH SUCH ADDITIONAL PROVISIONS AS THE AGENT SHALL
CONSIDER REASONABLY APPROPRIATE AND (II) THE BORROWER SHALL FURNISH, IF
REQUESTED, A NEW NOTE TO EACH FINANCIAL INSTITUTION THAT IS EXTENDING A NEW
COMMITMENT OR TERM LOAN OR INCREASING ITS COMMITMENT.  NO SUCH AMENDMENT SHALL
REQUIRE THE APPROVAL OR CONSENT OF ANY LENDER WHOSE COMMITMENT IS NOT BEING
INCREASED.  UPON THE EXECUTION AND DELIVERY OF SUCH AMENDMENT AS PROVIDED ABOVE,
AND UPON SATISFACTION OF SUCH OTHER CONDITIONS AS THE AGENT MAY REASONABLY
SPECIFY UPON THE REQUEST OF THE FINANCIAL INSTITUTIONS THAT ARE EXTENDING NEW
COMMITMENTS AND/OR MAKING TERM LOANS (INCLUDING, WITHOUT LIMITATION, THE AGENT
ADMINISTERING THE REALLOCATION OF ANY OUTSTANDING REVOLVING LOANS RATABLY AMONG
THE LENDERS WITH COMMITMENTS AFTER GIVING EFFECT TO EACH SUCH INCREASE IN THE
AGGREGATE COMMITMENT, AND THE DELIVERY OF CERTIFICATES, EVIDENCE OF CORPORATE
AUTHORITY AND LEGAL OPINIONS ON BEHALF OF THE BORROWER), THIS AGREEMENT SHALL BE
DEEMED TO BE AMENDED ACCORDINGLY.  ALL SUCH ADDITIONAL COMMITMENTS AND TERM
LOANS SHALL BE SECURED EQUALLY AND RATABLY WITH THE OTHER LOANS HEREUNDER.

 

ARTICLE III

YIELD PROTECTION; TAXES

 

3.1.          YIELD PROTECTION.  IF, ON OR AFTER THE RESTATEMENT EFFECTIVE DATE,
THE ADOPTION OF ANY LAW OR ANY GOVERNMENTAL OR QUASI-GOVERNMENTAL RULE,
REGULATION, POLICY, GUIDELINE OR DIRECTIVE (WHETHER OR NOT HAVING THE FORCE OF
LAW), OR ANY CHANGE IN ANY SUCH LAW, RULE, REGULATION, POLICY, GUIDELINE OR
DIRECTIVE OR IN THE INTERPRETATION OR ADMINISTRATION THEREOF BY ANY GOVERNMENTAL
OR QUASI-GOVERNMENTAL AUTHORITY, CENTRAL BANK OR COMPARABLE AGENCY CHARGED WITH
THE INTERPRETATION OR ADMINISTRATION THEREOF, OR COMPLIANCE BY ANY LENDER OR
APPLICABLE LENDING INSTALLATION OR ANY LC ISSUER WITH ANY REQUEST OR DIRECTIVE
(WHETHER OR NOT HAVING THE FORCE OF LAW) OF ANY SUCH AUTHORITY, CENTRAL BANK OR
COMPARABLE AGENCY:

 

(I)            IMPOSES OR INCREASES OR DEEMS APPLICABLE ANY RESERVE, ASSESSMENT,
INSURANCE CHARGE, SPECIAL DEPOSIT OR SIMILAR REQUIREMENT AGAINST ASSETS OF,
DEPOSITS WITH OR FOR THE ACCOUNT OF, OR CREDIT EXTENDED BY, ANY LENDER OR ANY
APPLICABLE LENDING INSTALLATION OR ANY LC ISSUER (OTHER THAN RESERVES AND
ASSESSMENTS TAKEN INTO ACCOUNT IN DETERMINING THE INTEREST RATE APPLICABLE TO
EURODOLLAR ADVANCES), OR

 

(II)           IMPOSES ANY OTHER CONDITION THE RESULT OF WHICH IS TO INCREASE
THE COST TO ANY LENDER, ANY APPLICABLE LENDING INSTALLATION OR ANY LC ISSUER OF
MAKING, FUNDING OR MAINTAINING ITS COMMITMENT OR EURODOLLAR LOANS OR OF ISSUING
OR PARTICIPATING IN FACILITY LCS, OR REDUCES ANY AMOUNT RECEIVABLE BY ANY LENDER
OR ANY APPLICABLE LENDING INSTALLATION OR ANY LC ISSUER IN CONNECTION WITH ITS

 

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COMMITMENT OR EURODOLLAR LOANS OR FACILITY LCS (INCLUDING PARTICIPATIONS
THEREIN), OR REQUIRES ANY LENDER OR ANY APPLICABLE LENDING INSTALLATION OR ANY
LC ISSUER TO MAKE ANY PAYMENT CALCULATED BY REFERENCE TO THE AMOUNT OF
COMMITMENT OR EURODOLLAR LOANS OR FACILITY LCS (INCLUDING PARTICIPATIONS
THEREIN) HELD OR INTEREST OR LC FEES RECEIVED BY IT, IN EACH CASE, BY AN AMOUNT
DEEMED MATERIAL BY SUCH LENDER OR SUCH LC ISSUER, AS APPLICABLE,

 

and the result of any of the foregoing is to increase the cost to such Lender or
applicable Lending Installation or such LC Issuer of making or maintaining its
Eurodollar Loans or Commitment or of issuing or participating in Facility LCs,
as applicable, or to reduce the return received by such Lender or applicable
Lending Installation or LC Issuer in connection with such Eurodollar Loans or
Commitment, or Facility LCs (including participations therein), but in all
events, excluding any increase in cost or reduction in return with respect to
taxes and amounts relating thereto (payment with respect to which shall be
governed solely and exclusively by Section 3.5), then, within 15 days of demand,
accompanied by the written statement required by Section 3.6, by such Lender or
LC Issuer, the Borrower shall pay such Lender or LC Issuer such additional
amount or amounts as will compensate such Lender or LC Issuer for such increased
cost or reduction in amount received.

 

3.2.          CHANGES IN CAPITAL ADEQUACY REGULATIONS.  IF A LENDER OR ANY LC
ISSUER DETERMINES THE AMOUNT OF CAPITAL REQUIRED OR EXPECTED TO BE MAINTAINED BY
SUCH LENDER OR SUCH LC ISSUER, ANY LENDING INSTALLATION OF SUCH LENDER OR SUCH
LC ISSUER OR ANY CORPORATION CONTROLLING SUCH LENDER OR SUCH LC ISSUER IS
INCREASED BY A MATERIAL AMOUNT AS A RESULT OF A CHANGE, BUT EXCLUDING ANY
ADOPTION, CHANGE OR INTERPRETATION OR ADMINISTRATION OR COMPLIANCE WITH RESPECT
TO TAXES AND AMOUNTS RELATING THERETO (PAYMENT WITH RESPECT TO WHICH SHALL BE
GOVERNED SOLELY AND EXCLUSIVELY BY SECTION 3.5), THEN, WITHIN 15 DAYS OF DEMAND,
ACCOMPANIED BY THE WRITTEN STATEMENT REQUIRED BY SECTION 3.6, BY SUCH LENDER OR
SUCH LC ISSUER, THE BORROWER SHALL PAY SUCH LENDER OR SUCH LC ISSUER THE AMOUNT
NECESSARY TO COMPENSATE FOR ANY SHORTFALL IN THE RATE OF RETURN ON THE PORTION
OF SUCH INCREASED CAPITAL WHICH SUCH LENDER OR SUCH LC ISSUER DETERMINES IS
ATTRIBUTABLE TO THIS AGREEMENT, ITS OUTSTANDING CREDIT EXPOSURE OR ITS
COMMITMENT TO MAKE REVOLVING LOANS AND ISSUE OR PARTICIPATE IN FACILITY LCS, AS
APPLICABLE, HEREUNDER (AFTER TAKING INTO ACCOUNT SUCH LENDER’S OR SUCH LC
ISSUER’S POLICIES AS TO CAPITAL ADEQUACY).  IN DETERMINING SUCH ADDITIONAL
AMOUNTS, EACH LENDER WILL ACT REASONABLY AND IN GOOD FAITH AND WILL USE
ALLOCATION AND ATTRIBUTION METHODS WHICH ARE REASONABLE.  “CHANGE” MEANS (I) ANY
CHANGE AFTER THE RESTATEMENT EFFECTIVE DATE IN THE RISK-BASED CAPITAL GUIDELINES
OR (II) ANY ADOPTION OF, OR CHANGE IN, OR CHANGE IN THE INTERPRETATION OR
ADMINISTRATION OF ANY OTHER LAW, GOVERNMENTAL OR QUASI-GOVERNMENTAL RULE,
REGULATION, POLICY, GUIDELINE, INTERPRETATION, OR DIRECTIVE (WHETHER OR NOT
HAVING THE FORCE OF LAW) AFTER THE RESTATEMENT EFFECTIVE DATE WHICH AFFECTS THE
AMOUNT OF CAPITAL REQUIRED OR EXPECTED TO BE MAINTAINED BY ANY LENDER OR ANY LC
ISSUER OR ANY LENDING INSTALLATION OR ANY CORPORATION CONTROLLING ANY LENDER OR
ANY LC ISSUER.  “RISK-BASED CAPITAL GUIDELINES” MEANS (I) THE RISK-BASED CAPITAL
GUIDELINES IN EFFECT IN THE UNITED STATES ON THE RESTATEMENT EFFECTIVE DATE,
INCLUDING TRANSITION RULES, AND (II) THE CORRESPONDING CAPITAL REGULATIONS
PROMULGATED BY REGULATORY AUTHORITIES OUTSIDE THE UNITED STATES IMPLEMENTING THE
JULY 1988 REPORT OF THE BASLE COMMITTEE ON BANKING REGULATION AND SUPERVISORY
PRACTICES ENTITLED “INTERNATIONAL CONVERGENCE OF CAPITAL MEASUREMENTS AND
CAPITAL STANDARDS,” INCLUDING TRANSITION RULES, AND ANY AMENDMENTS TO SUCH
REGULATIONS ADOPTED PRIOR TO THE RESTATEMENT EFFECTIVE DATE.

 

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3.3.          AVAILABILITY OF TYPES OF ADVANCES.  IF (X) ANY LENDER DETERMINES
THAT MAINTENANCE OF ITS EURODOLLAR LOANS AT A SUITABLE LENDING INSTALLATION
WOULD VIOLATE ANY APPLICABLE LAW, RULE, REGULATION, OR DIRECTIVE, WHETHER OR NOT
HAVING THE FORCE OF LAW, OR (Y) PRIOR TO THE COMMENCEMENT OF ANY INTEREST PERIOD
WITH RESPECT TO A EURODOLLAR LOAN THE REQUIRED LENDERS DETERMINE THAT (I) THE
INTEREST RATE APPLICABLE TO EURODOLLAR ADVANCES DOES NOT ACCURATELY REFLECT THE
COST OF MAKING OR MAINTAINING EURODOLLAR ADVANCES, OR (II) NO REASONABLE BASIS
EXISTS FOR DETERMINING THE EURODOLLAR BASE RATE, THEN SUCH LENDER SHALL PROMPTLY
GIVE NOTICE TO THE BORROWER AND THE AGENT (BY TELEPHONE, PROMPTLY CONFIRMED IN
WRITING) AND THEREAFTER, THE AGENT SHALL SUSPEND THE AVAILABILITY OF EURODOLLAR
ADVANCES AND REQUIRE ANY AFFECTED EURODOLLAR ADVANCES TO BE REPAID OR CONVERTED
TO FLOATING RATE ADVANCES ON THE RESPECTIVE LAST DAYS OF THE THEN CURRENT
INTEREST PERIODS WITH RESPECT TO SUCH REVOLVING LOANS OR WITHIN SUCH EARLIER
PERIOD AS REQUIRED BY LAW, SUBJECT TO THE PAYMENT OF ANY FUNDING INDEMNIFICATION
AMOUNTS REQUIRED BY SECTION 3.4 UNTIL SUCH TIME AS THE AGENT NOTIFIES THE
BORROWER AND THE LENDERS THAT THE CIRCUMSTANCES GIVING RISE TO SUCH INITIAL
NOTICE NO LONGER EXIST, AND ANY NOTICE OF BORROWING OR NOTICE OF
CONVERSION/CONTINUATION GIVEN BY THE BORROWER WITH RESPECT TO EURODOLLAR LOANS
WHICH HAVE NOT YET BEEN INCURRED (INCLUDING BY WAY OF CONVERSION) SHALL BE
DEEMED RESCINDED BY THE BORROWER.

 

3.4.          FUNDING INDEMNIFICATION.  IF ANY PAYMENT OF A EURODOLLAR ADVANCE
OCCURS ON A DATE WHICH IS NOT THE LAST DAY OF THE APPLICABLE INTEREST PERIOD,
WHETHER BECAUSE OF ACCELERATION, PREPAYMENT OR OTHERWISE, OR A EURODOLLAR
ADVANCE IS NOT MADE OR CONTINUED, OR A FLOATING RATE ADVANCE IS NOT CONVERTED
INTO A EURODOLLAR ADVANCE, ON THE DATE SPECIFIED BY THE BORROWER FOR ANY REASON
OTHER THAN DEFAULT BY THE LENDERS, OR A EURODOLLAR ADVANCE IS NOT PREPAID ON THE
DATE SPECIFIED BY THE BORROWER FOR ANY REASON, THE BORROWER WILL INDEMNIFY EACH
LENDER FOR ANY REASONABLE LOSS OR COST INCURRED BY IT RESULTING THEREFROM,
INCLUDING, WITHOUT LIMITATION, ANY REASONABLE LOSS OR COST IN LIQUIDATING OR
EMPLOYING DEPOSITS ACQUIRED TO FUND OR MAINTAIN SUCH EURODOLLAR ADVANCE, BUT
EXCLUDING ANY LOSS OR COST RELATING TO TAXES AND AMOUNTS RELATING THERETO
(PAYMENT WITH RESPECT TO WHICH SHALL BE GOVERNED SOLELY AND EXCLUSIVELY BY
SECTION 3.5).

 

3.5.          TAXES.  (I) EXCEPT AS PROVIDED IN THIS SECTION 3.5, ALL PAYMENTS
BY THE BORROWER TO OR FOR THE ACCOUNT OF ANY LENDER OR THE AGENT HEREUNDER OR
UNDER ANY NOTE SHALL BE MADE FREE AND CLEAR OF AND WITHOUT DEDUCTION FOR ANY AND
ALL TAXES.  IF THE BORROWER SHALL BE REQUIRED BY LAW TO DEDUCT ANY TAXES FROM OR
IN RESPECT OF ANY SUM PAYABLE HEREUNDER TO ANY LENDER OR THE AGENT, (A) 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 3.5) SUCH LENDER OR THE AGENT (AS THE CASE MAY BE) RECEIVES AN
AMOUNT EQUAL TO THE SUM IT WOULD HAVE RECEIVED HAD NO SUCH DEDUCTIONS BEEN MADE,
(B) THE BORROWER SHALL MAKE SUCH DEDUCTIONS, (C) THE BORROWER SHALL PAY THE FULL
AMOUNT DEDUCTED TO THE RELEVANT AUTHORITY IN ACCORDANCE WITH APPLICABLE LAW AND
(D) THE BORROWER SHALL FURNISH TO THE AGENT THE ORIGINAL COPY OF A RECEIPT
EVIDENCING PAYMENT THEREOF OR, IF A RECEIPT CANNOT BE OBTAINED WITH REASONABLE
EFFORTS, SUCH OTHER EVIDENCE OF PAYMENT AS IS REASONABLY ACCEPTABLE TO THE
AGENT, IN EACH CASE WITHIN 30 DAYS AFTER SUCH PAYMENT IS MADE.

 

(II)           IN ADDITION, THE BORROWER SHALL PAY ANY PRESENT OR FUTURE STAMP
OR DOCUMENTARY TAXES AND ANY OTHER EXCISE OR PROPERTY TAXES, CHARGES OR SIMILAR
LEVIES WHICH ARISE FROM ANY PAYMENT MADE HEREUNDER OR UNDER ANY NOTE OR FACILITY
LC APPLICATION OR FROM THE EXECUTION OR DELIVERY OF, OR OTHERWISE WITH RESPECT
TO, THIS AGREEMENT,

 

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ANY NOTE, ANY FACILITY LC APPLICATION, OR ANY OTHER LOAN DOCUMENT (“OTHER
TAXES”).

 

(III)          THE BORROWER SHALL INDEMNIFY THE AGENT AND EACH LENDER FOR THE
FULL AMOUNT OF TAXES OR OTHER TAXES (INCLUDING, WITHOUT LIMITATION, ANY TAXES OR
OTHER TAXES IMPOSED ON AMOUNTS PAYABLE UNDER THIS SECTION 3.5) PAID BY THE AGENT
OR SUCH LENDER AS A RESULT OF ITS COMMITMENT, ANY CREDIT EXTENSIONS MADE BY IT
HEREUNDER, ANY FACILITY LC ISSUED OR PARTICIPATED IN BY IT HEREUNDER, OR
OTHERWISE IN CONNECTION WITH ITS PARTICIPATION IN THIS AGREEMENT AND ANY
LIABILITY (INCLUDING PENALTIES, INTEREST AND EXPENSES) ARISING THEREFROM OR WITH
RESPECT THERETO.  PAYMENTS DUE UNDER THIS INDEMNIFICATION SHALL BE MADE WITHIN
30 DAYS OF THE DATE THE AGENT OR SUCH LENDER MAKES DEMAND THEREFOR PURSUANT TO
SECTION 3.6.

 

(IV)          EACH LENDER AND THE AGENT THAT IS NOT A UNITED STATES PERSON (AS
SUCH TERM IS DEFINED IN SECTION 7701(A)(30) OF THE CODE FOR UNITED STATES
FEDERAL INCOME TAX PURPOSES) (EACH A “NON-U.S. LENDER”) AGREES THAT IT WILL, NOT
MORE THAN TEN BUSINESS DAYS AFTER THE DATE ON WHICH IT BECOMES A PARTY TO THIS
AGREEMENT (BUT IN ANY EVENT BEFORE A PAYMENT IS DUE TO IT HEREUNDER),
(I) DELIVER TO EACH OF THE BORROWER AND THE AGENT TWO (2) DULY COMPLETED COPIES
OF UNITED STATES INTERNAL REVENUE SERVICE FORM W-8BEN OR W-8ECI OR SUCCESSOR
FORMS, CERTIFYING IN EITHER CASE THAT SUCH NON-U.S. LENDER IS ENTITLED TO
RECEIVE PAYMENTS UNDER THIS AGREEMENT OR UNDER ANY NOTE WITHOUT DEDUCTION OR
WITHHOLDING OF ANY UNITED STATES FEDERAL INCOME TAXES, OR (II) IN THE CASE OF A
NON-U.S. LENDER THAT IS FISCALLY TRANSPARENT, DELIVER TO THE AGENT AND THE
BORROWER TWO (2) DULY COMPLETED COPIES OF A UNITED STATES INTERNAL REVENUE
SERVICE FORM W-8IMY OR SUCCESSOR FORM TOGETHER WITH THE APPLICABLE ACCOMPANYING
DULY COMPLETED COPIES OF UNITED STATES INTERNAL REVENUE SERVICE APPLICABLE FORMS
W-8 OR W-9 OR SUCCESSOR FORMS, AS THE CASE MAY BE, IN EACH CASE ESTABLISHING
THAT EACH BENEFICIAL OWNER OF THE PAYMENTS TO BE MADE UNDER THIS AGREEMENT OR
ANY NOTE IS ENTITLED TO RECEIVE PAYMENTS UNDER THIS AGREEMENT OR ANY NOTE
WITHOUT DEDUCTION OR WITHHOLDING OF ANY UNITED STATES FEDERAL INCOME TAXES, AND
APPLICABLE WITHHOLDING STATEMENTS, OR (III) ANY OTHER APPLICABLE FORM,
CERTIFICATE OR DOCUMENT SPECIFICALLY REQUESTED BY THE BORROWER OR THE AGENT AND
PRESCRIBED BY THE UNITED STATES INTERNAL REVENUE SERVICE ESTABLISHING AS TO SUCH
LENDER’S, THE AGENT’S OR SUCH BENEFICIAL OWNER’S, AS THE CASE MAY BE,
ENTITLEMENT TO SUCH EXEMPTION FROM UNITED STATES WITHHOLDING TAX WITH RESPECT TO
ALL PAYMENTS TO BE MADE HEREUNDER OR UNDER ANY NOTE.  EACH LENDER AND THE AGENT
THAT IS UNITED STATES PERSON (AS SUCH TERM IS DEFINED IN SECTION 7701(A)(30) OF
THE CODE) FOR U.S. FEDERAL INCOME TAX PURPOSES (OTHER THAN EACH SUCH LENDER AND
THE AGENT, AS THE CASE MAY BE, THAT IS TREATED AS AN EXEMPT RECIPIENT BASED ON
THE INDICATORS DESCRIBED IN U.S. TREASURY REGULATION SECTION 1.6049-4(C)(1)(II))
SHALL DELIVER AT THE TIME(S) AND IN THE MANNER(S) DESCRIBED ABOVE WITH RESPECT
TO THE OTHER INTERNAL REVENUE SERVICE FORMS, TO THE BORROWER AND THE AGENT, TWO
(2) ACCURATE AND COMPLETE ORIGINAL SIGNED COPIES OF INTERNAL REVENUE SERVICE
FORM W-9 (OR SUCCESSOR FORM) CERTIFYING THAT SUCH PERSON IS EXEMPT FROM UNITED
STATES BACKUP WITHHOLDING TAX ON PAYMENTS MADE HEREUNDER OR ON ANY NOTE.  EACH
LENDER AND THE AGENT FURTHER UNDERTAKES TO DELIVER TO EACH OF THE BORROWER AND
THE AGENT RENEWALS OR ADDITIONAL COPIES OF SUCH FORM (OR ANY

 

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SUCCESSOR FORM) (X) ON OR BEFORE THE DATE THAT SUCH FORM EXPIRES OR BECOMES
OBSOLETE, (Y) AFTER THE OCCURRENCE OF ANY EVENT REQUIRING A CHANGE IN THE MOST
RECENT FORMS SO DELIVERED BY IT, AND (Z) FROM TIME TO TIME UPON REASONABLE
REQUEST BY THE BORROWER OR THE AGENT.  ALL FORMS OR AMENDMENTS DESCRIBED IN THE
PRECEDING SENTENCE SHALL CERTIFY THAT SUCH LENDER, THE AGENT OR SUCH APPLICABLE
BENEFICIAL OWNER, AS THE CASE MAY BE, IS ENTITLED TO RECEIVE PAYMENTS UNDER THIS
AGREEMENT OR UNDER ANY NOTE WITHOUT DEDUCTION OR WITHHOLDING OF ANY UNITED
STATES FEDERAL INCOME TAXES, AND IN THE CASE WHERE SUCH LENDER HAS DELIVERED A
FORM W-8IMY (OR SUCCESSOR FORM), SUCH LENDER DELIVERS ALL FORMS OR AMENDMENTS,
INCLUDING DULY COMPLETED UNITED STATES INTERNAL REVENUE SERVICE APPLICABLE FORMS
W-8S OR W-9S (OR SUCCESSOR FORMS), IN EACH CASE ESTABLISHING THAT EACH
BENEFICIAL OWNER OF THE PAYMENTS TO BE MADE UNDER THIS AGREEMENT OR ANY NOTE IS
ENTITLED TO RECEIVE PAYMENTS UNDER THIS AGREEMENT OR ANY NOTE WITHOUT DEDUCTION
OR WITHHOLDING OF ANY UNITED STATES FEDERAL INCOME TAXES, AND APPLICABLE
WITHHOLDING STATEMENTS, UNLESS AN EVENT (INCLUDING WITHOUT LIMITATION ANY CHANGE
IN TREATY, LAW OR REGULATION) HAS OCCURRED PRIOR TO THE DATE ON WHICH ANY SUCH
DELIVERY WOULD OTHERWISE BE REQUIRED WHICH RENDERS ALL SUCH FORMS INAPPLICABLE
OR WHICH WOULD PREVENT SUCH LENDER, THE AGENT OR SUCH APPLICABLE BENEFICIAL
OWNER, AS THE CASE MAY BE, FROM DULY COMPLETING AND DELIVERING ANY SUCH FORM OR
AMENDMENT WITH RESPECT TO IT AND SUCH APPLICABLE BENEFICIAL OWNER AND SUCH
LENDER OR THE AGENT, AS THE CASE MAY BE, ADVISES THE BORROWER AND THE AGENT THAT
IT AND SUCH APPLICABLE BENEFICIAL OWNER IS NOT CAPABLE OF RECEIVING PAYMENTS
WITHOUT ANY DEDUCTION OR WITHHOLDING OF UNITED STATES FEDERAL INCOME TAX.

 

(V)           FOR ANY PERIOD DURING WHICH A LENDER OR THE AGENT HAS FAILED TO
PROVIDE THE BORROWER AND THE AGENT WITH AN APPROPRIATE FORM REFERRED TO IN
CLAUSE (IV) ABOVE IN EACH CASE ESTABLISHING THAT THE AGENT OR SUCH LENDER, AND
IN THE CASE WHERE SUCH LENDER HAS DELIVERED A FORM W-8IMY (OR SUCCESSOR FORM),
EACH BENEFICIAL OWNER OF THE PAYMENTS TO BE MADE UNDER THIS AGREEMENT OR ANY
NOTE, IS ENTITLED TO RECEIVE PAYMENTS UNDER THIS AGREEMENT OR ANY NOTE WITHOUT
DEDUCTION OR WITHHOLDING OF ANY UNITED STATES FEDERAL INCOME TAXES (UNLESS SUCH
FAILURE IS DUE TO A CHANGE IN TREATY, LAW OR REGULATION, OR ANY CHANGE IN THE
INTERPRETATION OR ADMINISTRATION THEREOF BY ANY GOVERNMENTAL AUTHORITY,
OCCURRING SUBSEQUENT TO THE DATE ON WHICH A FORM ORIGINALLY WAS REQUIRED TO BE
PROVIDED), SUCH LENDER OR THE AGENT, AS APPLICABLE, SHALL NOT BE ENTITLED TO ANY
INCREASE IN PAYMENTS OR TO INDEMNIFICATION UNDER THIS SECTION 3.5 WITH RESPECT
TO TAXES IMPOSED BY THE UNITED STATES AS A RESULT OF SUCH FAILURE; PROVIDED
THAT, SHOULD A LENDER OR THE AGENT, AS THE CASE MAY BE, WHICH IS OTHERWISE
EXEMPT FROM OR SUBJECT TO A REDUCED RATE OF WITHHOLDING TAX BECOME SUBJECT TO
TAXES BECAUSE OF ITS FAILURE TO DELIVER A FORM REQUIRED UNDER CLAUSE (IV) ABOVE,
THE BORROWER SHALL TAKE SUCH STEPS AS SUCH LENDER SHALL REASONABLY REQUEST TO
ASSIST SUCH LENDER TO RECOVER SUCH TAXES.

 

(VI)          ANY LENDER OR AGENT THAT IS ENTITLED TO AN EXEMPTION FROM OR
REDUCTION OF WITHHOLDING TAX WITH RESPECT TO PAYMENTS UNDER THIS AGREEMENT OR
ANY NOTE PURSUANT TO THE LAW OF ANY RELEVANT JURISDICTION OR ANY TREATY SHALL
DELIVER TO THE

 

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BORROWER (WITH A COPY TO THE AGENT), AT THE TIME OR TIMES PRESCRIBED BY
APPLICABLE LAW, SUCH PROPERLY COMPLETED AND EXECUTED DOCUMENTATION PRESCRIBED BY
APPLICABLE LAW AS WILL PERMIT SUCH PAYMENTS TO BE MADE WITHOUT WITHHOLDING OR AT
A REDUCED RATE.  FOR ANY PERIOD DURING WHICH A LENDER OR THE AGENT, AS
APPLICABLE, HAS FAILED TO PROVIDE THE BORROWER AND THE AGENT WITH SUCH PROPERLY
COMPLETED AND EXECUTED DOCUMENTATION, SUCH LENDER OR THE AGENT, AS APPLICABLE,
SHALL NOT BE ENTITLED TO ANY INCREASE IN PAYMENTS OR TO INDEMNIFICATION UNDER
THIS SECTION 3.5.

 

(VII)         IF THE U.S. INTERNAL REVENUE SERVICE OR ANY OTHER GOVERNMENTAL
AUTHORITY OF THE UNITED STATES OR ANY OTHER COUNTRY OR ANY POLITICAL SUBDIVISION
THEREOF ASSERTS A CLAIM THAT THE AGENT OR THE BORROWER DID NOT PROPERLY WITHHOLD
TAX FROM AMOUNTS PAID TO OR FOR THE ACCOUNT OF ANY LENDER OR BENEFICIAL OWNER
(BECAUSE THE APPROPRIATE FORM WAS NOT DELIVERED OR PROPERLY COMPLETED, BECAUSE
SUCH LENDER FAILED TO NOTIFY THE AGENT AND THE BORROWER OF A CHANGE IN
CIRCUMSTANCES WHICH RENDERED ITS EXEMPTION FROM WITHHOLDING INEFFECTIVE, OR FOR
ANY OTHER REASON), SUCH LENDER OR BENEFICIAL OWNER SHALL INDEMNIFY THE AGENT AND
THE BORROWER FULLY FOR ALL AMOUNTS PAID, DIRECTLY OR INDIRECTLY, BY THE AGENT OR
THE BORROWER, AS THE CASE MAY BE, AS TAX, WITHHOLDING THEREFOR, OR OTHERWISE,
INCLUDING PENALTIES AND INTEREST, AND INCLUDING TAXES IMPOSED BY ANY
JURISDICTION ON AMOUNTS PAYABLE TO THE AGENT UNDER THIS SUBSECTION, TOGETHER
WITH ALL COSTS AND EXPENSES RELATED THERETO (INCLUDING ATTORNEYS FEES OF
ATTORNEYS FOR THE AGENT).  THE OBLIGATIONS OF THE LENDERS UNDER THIS
SECTION 3.5(VII) SHALL SURVIVE THE PAYMENT OF THE OBLIGATIONS AND TERMINATION OF
THIS AGREEMENT.

 

(VIII)        IF ANY LENDER OR THE AGENT DETERMINES THAT IT HAS ACTUALLY
RECEIVED ANY REFUND OF TAXES PAID BY THE BORROWER FOR SUCH LENDER OR THE AGENT
PURSUANT TO THIS SECTION 3.5, SUCH LENDER OR THE AGENT SHALL REIMBURSE THE
BORROWER IN AN AMOUNT EQUAL TO SUCH REFUND, AFTER TAX, AND NET OF ALL EXPENSES
INCURRED BY SUCH LENDER OR AGENT IN CONNECTION WITH SUCH REFUND.

 

3.6.          LENDER STATEMENTS; SURVIVAL OF INDEMNITY.  EACH LENDER SHALL
NOTIFY THE BORROWER OF ANY EVENT OCCURRING AFTER THE RESTATEMENT EFFECTIVE DATE
ENTITLING SUCH LENDER TO COMPENSATION UNDER SECTION 3.1, 3.2, 3.4 OR 3.5 AS
PROMPTLY AS PRACTICABLE, BUT IN ANY EVENT WITHIN 45 DAYS, AFTER SUCH LENDER
OBTAINS ACTUAL KNOWLEDGE THEREOF; PROVIDED THAT IF ANY LENDER FAILS TO GIVE SUCH
NOTICE WITHIN 45 DAYS AFTER IT OBTAINS ACTUAL KNOWLEDGE OF SUCH AN EVENT, SUCH
LENDER SHALL, WITH RESPECT TO COMPENSATION PAYABLE UNDER SECTIONS 3.1, 3.2, 3.4
OR 3.5 IN RESPECT OF ANY COSTS RESULTING FROM SUCH EVENT, ONLY BE ENTITLED TO
PAYMENT FOR COSTS INCURRED FROM AND AFTER THE DATE 45 DAYS PRIOR TO THE DATE
THAT SUCH LENDER DOES GIVE SUCH NOTICE.  TOGETHER WITH EACH NOTICE REQUIRED BY
THE PREVIOUS SENTENCE, ANY LENDER REQUESTING COMPENSATION SHALL DELIVER A
CERTIFICATE OF SUCH LENDER TO THE BORROWER (WITH A COPY TO THE AGENT) AS TO THE
AMOUNT DUE, IF ANY, UNDER SECTION 3.1, 3.2, 3.4 OR 3.5.  SUCH WRITTEN
CERTIFICATE SHALL (I) SET FORTH IN REASONABLE DETAIL THE CALCULATIONS UPON WHICH
SUCH LENDER DETERMINED SUCH AMOUNT AND SHALL BE FINAL, CONCLUSIVE AND BINDING ON
THE BORROWER IN THE ABSENCE OF MANIFEST ERROR AND (II) SET FORTH THAT IT IS THE
POLICY OR GENERAL PRACTICE OF SUCH LENDER TO REQUEST COMPENSATION FOR COMPARABLE
COSTS IN SIMILAR CIRCUMSTANCES UNDER COMPARABLE PROVISIONS OF OTHER CREDIT
AGREEMENTS FOR COMPARABLE CUSTOMERS.  DETERMINATION OF AMOUNTS PAYABLE UNDER
SUCH SECTIONS IN CONNECTION WITH A EURODOLLAR LOAN SHALL BE CALCULATED AS THOUGH
EACH LENDER FUNDED ITS EURODOLLAR LOAN THROUGH

 

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THE PURCHASE OF A DEPOSIT OF THE TYPE, CURRENCY AND MATURITY CORRESPONDING TO
THE DEPOSIT USED AS A REFERENCE IN DETERMINING THE EURODOLLAR RATE APPLICABLE TO
SUCH REVOLVING LOAN, WHETHER IN FACT THAT IS THE CASE OR NOT.  UNLESS OTHERWISE
PROVIDED HEREIN, THE AMOUNT SPECIFIED IN THE WRITTEN CERTIFICATE OF ANY LENDER
SHALL BE PAYABLE WITHIN FIFTEEN (15) DAYS AFTER RECEIPT BY THE BORROWER OF SUCH
WRITTEN CERTIFICATE.  THE OBLIGATIONS OF THE BORROWER UNDER SECTIONS 3.1, 3.2,
3.4 AND 3.5 SHALL SURVIVE PAYMENT OF THE OBLIGATIONS AND TERMINATION OF THIS
AGREEMENT.

 

3.7.          ALTERNATIVE LENDING INSTALLATION.  TO THE EXTENT REASONABLY
POSSIBLE, EACH LENDER SHALL DESIGNATE AN ALTERNATE LENDING INSTALLATION WITH
RESPECT TO ITS EURODOLLAR LOANS TO REDUCE ANY LIABILITY OF THE BORROWER TO SUCH
LENDER UNDER SECTIONS 3.1, 3.2 AND 3.5 OR TO AVOID THE UNAVAILABILITY OF
EURODOLLAR ADVANCES UNDER SECTION 3.3, SO LONG AS SUCH DESIGNATION IS NOT, IN
THE JUDGMENT OF SUCH LENDER, REASONABLY DISADVANTAGEOUS TO SUCH LENDER.  A
LENDER’S DESIGNATION OF AN ALTERNATIVE LENDING INSTALLATION SHALL NOT AFFECT THE
BORROWER’S RIGHTS UNDER SECTION 2.19 TO REPLACE A LENDER.

 

ARTICLE IV

 

CONDITIONS PRECEDENT

 

4.1.          EFFECTIVENESS OF COMMITMENTS.  THIS AGREEMENT SHALL NOT BECOME
EFFECTIVE, NOR SHALL ANY LENDER BE REQUIRED TO MAKE ANY CREDIT EXTENSION
HEREUNDER, UNLESS ALL LEGAL MATTERS INCIDENT TO THE MAKING OF THE INITIAL CREDIT
EXTENSION SHALL BE SATISFACTORY TO THE LENDERS AND THEIR COUNSEL AND ON OR
BEFORE OCTOBER 31, 2005 THE FOLLOWING CONDITIONS PRECEDENT HAVE BEEN SATISFIED
OR WAIVED BY THE REQUIRED LENDERS AND THE BORROWER HAS FURNISHED TO THE AGENT
WITH SUFFICIENT COPIES FOR THE LENDERS:

 

4.1.1  COPIES OF THE ARTICLES OR CERTIFICATE OF INCORPORATION (OR THE EQUIVALENT
THEREOF) OF EACH CREDIT PARTY, IN EACH CASE, TOGETHER WITH ALL AMENDMENTS
THERETO, AND A CERTIFICATE OF GOOD STANDING, EACH CERTIFIED BY THE APPROPRIATE
GOVERNMENTAL OFFICER IN ITS JURISDICTION OF ORGANIZATION.

 

4.1.2  COPIES, CERTIFIED BY THE SECRETARY OR ASSISTANT SECRETARY (OR THE
EQUIVALENT THEREOF) OF EACH CREDIT PARTY, IN EACH CASE, OF ITS BY-LAWS AND OF
ITS BOARD OF DIRECTORS’ RESOLUTIONS AND OF RESOLUTIONS OR ACTIONS OF ANY OTHER
BODY AUTHORIZING THE EXECUTION OF THE LOAN DOCUMENTS TO WHICH SUCH CREDIT PARTY
IS A PARTY.

 

4.1.3  AN INCUMBENCY CERTIFICATE, EXECUTED BY THE SECRETARY OR ASSISTANT
SECRETARY (OR THE EQUIVALENT THEREOF) OF EACH CREDIT PARTY WHICH SHALL IDENTIFY
BY NAME AND TITLE AND BEAR THE SIGNATURES OF THE AUTHORIZED OFFICERS AND ANY
OTHER OFFICERS OF EACH SUCH CREDIT PARTY AUTHORIZED TO SIGN THE LOAN DOCUMENTS
TO WHICH IT IS A PARTY, UPON WHICH CERTIFICATE THE AGENT AND THE LENDERS SHALL
BE ENTITLED TO RELY UNTIL INFORMED OF ANY CHANGE IN WRITING BY THE APPLICABLE
CREDIT PARTY.

 

4.1.4  A CERTIFICATE REASONABLY ACCEPTABLE TO THE AGENT, SIGNED BY THE CHIEF
FINANCIAL OFFICER OF THE PARENT, STATING THAT ON THE INITIAL CREDIT EXTENSION
DATE (A) NO DEFAULT OR UNMATURED DEFAULT HAS OCCURRED AND IS CONTINUING, (B) ALL
OF THE REPRESENTATIONS AND WARRANTIES IN ARTICLE V SHALL BE TRUE AND CORRECT IN
ALL MATERIAL

 

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RESPECTS AS OF SUCH DATE AND (C) EXCEPT AS DISCLOSED IN THE IDENTIFIED
DISCLOSURE DOCUMENTS, NO MATERIAL ADVERSE CHANGE IN THE BUSINESS, CONDITION
(FINANCIAL OR OTHERWISE), OPERATIONS, PROPERTIES OR PROSPECTS OF THE PARENT AND
ITS SUBSIDIARIES TAKEN AS A WHOLE, OR THE BORROWER AND ITS SUBSIDIARIES TAKEN AS
A WHOLE, HAS OCCURRED SINCE DECEMBER 31, 2004.

 

4.1.5  AN INITIAL COMPLIANCE CERTIFICATE, DATED AS OF THE RESTATEMENT EFFECTIVE
DATE AND REFLECTING CALCULATIONS AS OF JUNE 30, 2005, IN SUBSTANTIALLY THE FORM
OF EXHIBIT B HERETO.

 

4.1.6  WRITTEN OPINIONS OF THE CREDIT PARTIES’ US COUNSEL, IN FORM AND SUBSTANCE
REASONABLY SATISFACTORY TO THE AGENT AND ADDRESSED TO THE LENDERS, IN
SUBSTANTIALLY THE FORM OF EXHIBIT A HERETO.

 

4.1.7  ANY NOTES REQUESTED BY A LENDER PURSUANT TO SECTION 2.13 PAYABLE TO THE
ORDER OF EACH SUCH REQUESTING LENDER OR ITS REGISTERED ASSIGNS.

 

4.1.8  A CERTIFICATE OF VALUE, SOLVENCY AND OTHER APPROPRIATE FACTUAL
INFORMATION IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE AGENT AND
ARRANGER FROM THE CHIEF FINANCIAL OFFICER OR TREASURER OF THE PARENT (ON BEHALF
OF THE PARENT AND ITS SUBSIDIARIES) IN HIS OR HER REPRESENTATIVE CAPACITY
SUPPORTING THE CONCLUSIONS THAT AS OF THE INITIAL CREDIT EXTENSION DATE THE
PARENT AND ITS SUBSIDIARIES ON A CONSOLIDATED BASIS ARE SOLVENT AND WILL BE
SOLVENT SUBSEQUENT TO INCURRING THE INDEBTEDNESS CONTEMPLATED UNDER THE LOAN
DOCUMENTS.

 

4.1.9  EVIDENCE SATISFACTORY TO THE AGENT THAT THE BORROWER HAS PAID TO THE
AGENT AND THE ARRANGER THE FEES AGREED TO IN THE FEE LETTER DATED AUGUST 19,
2005, AMONG THE AGENT, THE ARRANGER AND THE BORROWER.

 

4.1.10  SUCH OTHER DOCUMENTS AS ANY LENDER OR ITS COUNSEL MAY HAVE REASONABLY
REQUESTED, INCLUDING, WITHOUT LIMITATION, THOSE DOCUMENTS SET FORTH IN EXHIBIT F
HERETO.

 

4.2.          EACH CREDIT EXTENSION.  THE LENDERS SHALL NOT (EXCEPT AS OTHERWISE
SET FORTH IN SECTION 2.4.4 WITH RESPECT TO REVOLVING LOANS EXTENDED FOR THE
PURPOSE OF REPAYING SWING LINE LOANS) BE REQUIRED TO MAKE ANY CREDIT EXTENSION
UNLESS ON THE APPLICABLE CREDIT EXTENSION DATE:

 

4.2.1  THERE EXISTS NO DEFAULT OR UNMATURED DEFAULT.

 

4.2.2  THE REPRESENTATIONS AND WARRANTIES CONTAINED IN ARTICLE V ARE TRUE AND
CORRECT IN ALL MATERIAL RESPECTS AS OF SUCH CREDIT EXTENSION DATE EXCEPT TO THE
EXTENT ANY SUCH REPRESENTATION OR WARRANTY IS STATED TO RELATE SOLELY TO AN
EARLIER DATE, IN WHICH CASE SUCH REPRESENTATION OR WARRANTY SHALL HAVE BEEN TRUE
AND CORRECT IN ALL MATERIAL RESPECTS ON AND AS OF SUCH EARLIER DATE.

 

Each Borrowing Notice, request for issuance of a Facility LC or Swing Line
Borrowing Notice, as the case may be, or request for issuance of a Facility LC,
with respect to each such Credit Extension shall constitute a representation and
warranty by the Borrower that the conditions contained in Sections 4.2.1 and
4.2.2 have been satisfied.

 

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ARTICLE V

REPRESENTATIONS AND WARRANTIES

 

Each of the Parent and the Borrower represents and warrants to each Lender and
the Agent as of each of (i) the Restatement Effective Date, (ii) the date of the
initial Credit Extension hereunder (if different from the Restatement Effective
Date) and (iii) each date as required by Section 4.2:

 

5.1.          EXISTENCE AND STANDING.  EACH OF THE PARENT AND ITS SUBSIDIARIES
(I) IS A CORPORATION, PARTNERSHIP (IN THE CASE OF SUBSIDIARIES OTHER THAN THE
BORROWER ONLY) OR LIMITED LIABILITY COMPANY DULY INCORPORATED OR ORGANIZED, AS
THE CASE MAY BE, VALIDLY EXISTING AND (TO THE EXTENT SUCH CONCEPT APPLIES TO
SUCH ENTITY) IN GOOD STANDING UNDER THE LAWS OF ITS JURISDICTION OF
INCORPORATION OR ORGANIZATION, (II) HAS ALL REQUISITE CORPORATE, PARTNERSHIP OR
LIMITED LIABILITY COMPANY POWER AND AUTHORITY, AS THE CASE MAY BE, TO OWN,
OPERATE AND ENCUMBER ITS PROPERTY AND (III) IS QUALIFIED TO DO BUSINESS AND IS
IN GOOD STANDING (TO THE EXTENT SUCH CONCEPT APPLIES TO SUCH ENTITY) IN ALL
JURISDICTIONS WHERE THE NATURE OF THE BUSINESS CONDUCTED BY IT MAKES SUCH
QUALIFICATION NECESSARY AND WHERE FAILURE TO SO QUALIFY WOULD REASONABLY BE
EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT.

 

5.2.          AUTHORIZATION AND VALIDITY.  EACH CREDIT PARTY HAS THE REQUISITE
CORPORATE, PARTNERSHIP OR LIMITED LIABILITY COMPANY, AS THE CASE MAY BE, POWER
AND AUTHORITY AND LEGAL RIGHT TO EXECUTE AND DELIVER THE LOAN DOCUMENTS TO WHICH
IT IS A PARTY AND TO PERFORM ITS OBLIGATIONS THEREUNDER.  THE EXECUTION AND
DELIVERY BY EACH CREDIT PARTY OF THE LOAN DOCUMENTS TO WHICH IT IS A PARTY AND
THE PERFORMANCE OF ITS OBLIGATIONS THEREUNDER HAVE BEEN DULY AUTHORIZED BY
REQUISITE CORPORATE, PARTNERSHIP OR LIMITED LIABILITY COMPANY, AS THE CASE MAY
BE, PROCEEDINGS, AND THE LOAN DOCUMENTS TO WHICH EACH CREDIT PARTY IS A PARTY
CONSTITUTE LEGAL, VALID AND BINDING OBLIGATIONS OF SUCH CREDIT PARTY ENFORCEABLE
AGAINST SUCH CREDIT PARTY IN ACCORDANCE WITH THEIR TERMS, EXCEPT AS
ENFORCEABILITY MAY BE LIMITED BY (I) BANKRUPTCY, INSOLVENCY, FRAUDULENT
CONVEYANCES, REORGANIZATION OR SIMILAR LAWS RELATING TO OR AFFECTING THE
ENFORCEMENT OF CREDITORS’ RIGHTS GENERALLY; (II) GENERAL EQUITABLE PRINCIPLES
(WHETHER CONSIDERED IN A PROCEEDING IN EQUITY OR AT LAW); AND (III) REQUIREMENTS
OF REASONABLENESS, GOOD FAITH AND FAIR DEALING.

 

5.3.          NO CONFLICT; GOVERNMENT CONSENT.  NEITHER THE EXECUTION AND
DELIVERY BY ANY CREDIT PARTY OF THE LOAN DOCUMENTS TO WHICH IT IS A PARTY, NOR
THE CONSUMMATION BY SUCH CREDIT PARTY OF THE TRANSACTIONS THEREIN CONTEMPLATED,
NOR COMPLIANCE BY SUCH CREDIT PARTY WITH THE PROVISIONS THEREOF WILL VIOLATE
(I) ANY APPLICABLE LAW, RULE, REGULATION, ORDER, WRIT, JUDGMENT, INJUNCTION,
DECREE OR AWARD BINDING ON SUCH CREDIT PARTY OR (II) SUCH CREDIT PARTY’S
ARTICLES OR CERTIFICATE OF INCORPORATION, PARTNERSHIP AGREEMENT, CERTIFICATE OF
PARTNERSHIP, ARTICLES OR CERTIFICATE OF ORGANIZATION, BY-LAWS, OR OPERATING
AGREEMENT OR OTHER MANAGEMENT AGREEMENT, AS THE CASE MAY BE, OR (III) THE
PROVISIONS OF ANY INDENTURE OR MATERIAL INSTRUMENT OR AGREEMENT TO WHICH SUCH
CREDIT PARTY IS A PARTY OR IS SUBJECT, OR BY WHICH IT, OR ITS PROPERTY, MAY BE
BOUND OR AFFECTED, OR CONFLICT WITH, OR CONSTITUTE A DEFAULT UNDER, OR RESULT IN
OR REQUIRE, THE CREATION OR IMPOSITION OF ANY LIEN IN, OF OR ON THE PROPERTY OF
SUCH CREDIT PARTY PURSUANT TO THE TERMS OF ANY SUCH INDENTURE OR MATERIAL
INSTRUMENT OR AGREEMENT (OTHER THAN ANY LIEN OF THE AGENT ON BEHALF OF THE
HOLDERS OF SECURED OBLIGATIONS).  OTHER THAN THE FILING OF UCC FINANCING
STATEMENTS AND INTELLECTUAL PROPERTY-RELATED FILINGS IN THE APPLICABLE FILING
OFFICES TO PERFECT THE LIENS OF THE

 

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AGENT IN FAVOR OF THE HOLDERS OF SECURED OBLIGATIONS GRANTED PURSUANT TO THE
LOAN DOCUMENTS, NO ORDER, CONSENT, ADJUDICATION, APPROVAL, LICENSE,
AUTHORIZATION, OR VALIDATION OF, OR FILING, RECORDING OR REGISTRATION WITH, OR
EXEMPTION BY, OR OTHER ACTION IN RESPECT OF ANY GOVERNMENTAL OR PUBLIC BODY OR
AUTHORITY, OR ANY SUBDIVISION THEREOF, WHICH HAS NOT BEEN OBTAINED BY ANY CREDIT
PARTY, IS REQUIRED TO BE OBTAINED BY SUCH CREDIT PARTY IN CONNECTION WITH THE
EXECUTION AND DELIVERY OF THE LOAN DOCUMENTS, THE BORROWINGS UNDER THIS
AGREEMENT, THE PAYMENT AND PERFORMANCE BY THE CREDIT PARTIES OF THE OBLIGATIONS
OR THE LEGALITY, VALIDITY, BINDING EFFECT OR ENFORCEABILITY OF ANY OF THE LOAN
DOCUMENTS EXCEPT WHERE THE FAILURE TO SO MAKE OR OBTAIN, INDIVIDUALLY OR IN THE
AGGREGATE, WOULD NOT REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT.

 

5.4.          FINANCIAL STATEMENTS.  THE DECEMBER 31, 2004 CONSOLIDATED
FINANCIAL STATEMENTS OF THE PARENT AND ITS SUBSIDIARIES HERETOFORE DELIVERED TO
THE AGENT AND THE LENDERS WERE PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES IN EFFECT ON THE DATE SUCH STATEMENTS WERE PREPARED AND
FAIRLY PRESENT IN ALL MATERIAL RESPECTS THE CONSOLIDATED FINANCIAL CONDITION AND
OPERATIONS OF THE PARENT AND ITS SUBSIDIARIES AT SUCH DATE AND THE CONSOLIDATED
RESULTS OF THEIR OPERATIONS FOR THE PERIOD THEN ENDED.

 

5.5.          MATERIAL ADVERSE CHANGE.  SINCE DECEMBER 31, 2004, EXCEPT AS
DISCLOSED IN THE IDENTIFIED DISCLOSURE DOCUMENTS, THERE HAS BEEN NO CHANGE IN
THE BUSINESS, CONDITION (FINANCIAL OR OTHERWISE), OPERATIONS, PROPERTIES OR
PROSPECTS OF THE PARENT AND ITS SUBSIDIARIES TAKEN AS A WHOLE, OR THE BORROWER
AND ITS SUBSIDIARIES TAKEN AS A WHOLE, WHICH WOULD REASONABLY BE EXPECTED TO
HAVE A MATERIAL ADVERSE EFFECT.

 

5.6.          TAXES.  THE PARENT, THE BORROWER AND THE SUBSIDIARIES HAVE FILED
ALL UNITED STATES FEDERAL TAX RETURNS AND ALL OTHER TAX RETURNS WHICH ARE
REQUIRED TO BE FILED AND HAVE PAID ALL TAXES SHOWN TO BE DUE THEREON OR PURSUANT
TO ANY ASSESSMENT RECEIVED BY THE PARENT, THE BORROWER OR ANY SUBSIDIARIES,
EXCEPT IN RESPECT OF SUCH TAXES, IF ANY, (I) AS ARE BEING CONTESTED IN GOOD
FAITH AND AS TO WHICH ADEQUATE RESERVES HAVE BEEN PROVIDED IN ACCORDANCE WITH
AGREEMENT ACCOUNTING PRINCIPLES AND AS TO WHICH NO LIEN EXISTS (EXCEPT AS
PERMITTED BY SECTION 6.15.1) OR (II) AS TO WHICH THE FAILURE TO FILE SUCH RETURN
OR PAY SUCH TAXES WOULD NOT REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE
EFFECT.  AS OF THE RESTATEMENT EFFECTIVE DATE, THE UNITED STATES INCOME TAX
RETURNS OF THE PARENT, THE BORROWER AND THE SUBSIDIARIES HAVE BEEN AUDITED BY
THE INTERNAL REVENUE SERVICE THROUGH THE FISCAL YEAR ENDED DECEMBER 31, 1998,
AND, AS OF THE RESTATEMENT EFFECTIVE DATE, NO LIENS HAVE BEEN FILED AND NO
CLAIMS ARE BEING ASSERTED WITH RESPECT TO SUCH TAXES SHOWN TO BE DUE ON SUCH
RETURNS.  THE CHARGES, ACCRUALS AND RESERVES ON THE BOOKS OF THE PARENT, THE
BORROWER AND THE SUBSIDIARIES IN RESPECT OF ANY TAXES OR OTHER GOVERNMENTAL
CHARGES ARE ADEQUATE UNDER AGREEMENT ACCOUNTING PRINCIPLES.

 

5.7.          LITIGATION AND CONTINGENT OBLIGATIONS.  THERE IS NO LITIGATION,
ARBITRATION, GOVERNMENTAL INVESTIGATION, PROCEEDING OR INQUIRY PENDING OR, TO
THE KNOWLEDGE OF ANY OF THEIR EXECUTIVE OFFICERS, THREATENED AGAINST THE PARENT,
THE BORROWER OR ANY SUBSIDIARIES WHICH WOULD REASONABLY BE EXPECTED TO HAVE A
MATERIAL ADVERSE EFFECT OR WHICH SEEKS TO PREVENT, ENJOIN OR DELAY THE MAKING OF
ANY REVOLVING LOANS.  AS OF DECEMBER 31, 2004, OTHER THAN ANY LIABILITY INCIDENT
TO ANY LITIGATION, ARBITRATION OR PROCEEDING WHICH WOULD NOT REASONABLY BE
EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT, NONE OF THE PARENT, THE BORROWER OR
ANY SUBSIDIARY HAD ANY CONTINGENT OBLIGATIONS REQUIRED TO BE REFLECTED ON THE
PARENT’S CONSOLIDATED BALANCE SHEET IN

 

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ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND NOT PROVIDED FOR
OR DISCLOSED IN THE FINANCIAL STATEMENTS REFERRED TO IN SECTION 5.4, IN AN
AGGREGATE AMOUNT IN EXCESS OF $10,000,000.

 

5.8.          SUBSIDIARIES.  SCHEDULE 5.8 CONTAINS AN ACCURATE LIST OF ALL
SUBSIDIARIES OF THE PARENT AS OF THE RESTATEMENT EFFECTIVE DATE, SETTING FORTH
THEIR RESPECTIVE JURISDICTIONS OF ORGANIZATION AND THE PERCENTAGE OF THEIR
RESPECTIVE CAPITAL STOCK OR OTHER OWNERSHIP INTERESTS OWNED BY THE PARENT OR
OTHER SUBSIDIARIES.  ALL OF THE ISSUED AND OUTSTANDING SHARES OF CAPITAL STOCK
OR OTHER OWNERSHIP INTERESTS OF SUCH SUBSIDIARIES HAVE BEEN (TO THE EXTENT SUCH
CONCEPTS ARE RELEVANT WITH RESPECT TO SUCH OWNERSHIP INTERESTS) DULY AUTHORIZED
AND ISSUED AND ARE FULLY PAID AND NON-ASSESSABLE.

 

5.9.          ERISA.  DURING THE TWELVE CONSECUTIVE MONTH PERIOD PRIOR TO THE
RESTATEMENT EFFECTIVE DATE, THE DATE OF THE INITIAL CREDIT EXTENSION AND THE
DATE OF ANY SUBSEQUENT CREDIT EXTENSION, (I) NO FORMAL STEP HAS BEEN TAKEN TO
TERMINATE ANY PLAN, OTHER THAN A STANDARD TERMINATION UNDER SECTION 4041(B) OF
ERISA AND (II) NO CONTRIBUTION FAILURE HAS OCCURRED WITH RESPECT TO ANY PLAN
SUFFICIENT TO GIVE RISE TO A LIEN UNDER SECTION 302(F) OF ERISA.  DURING THE
TWELVE CONSECUTIVE MONTH PERIOD PRIOR TO THE RESTATEMENT EFFECTIVE DATE, THE
DATE OF THE INITIAL CREDIT EXTENSION AND THE DATE OF ANY SUBSEQUENT CREDIT
EXTENSION, NEITHER THE PARENT NOR ANY OTHER MEMBER OF THE CONTROLLED GROUP HAS
INCURRED, OR IS REASONABLY EXPECTED TO INCUR, PURSUANT TO SECTION 4201 OF ERISA,
ANY WITHDRAWAL LIABILITY TO MULTIEMPLOYER PLANS THAT WOULD REASONABLY BE
EXPECTED TO EXCEED IN THE AGGREGATE $20,000,000.  EACH PLAN COMPLIES WITH ALL
APPLICABLE REQUIREMENTS OF LAW AND REGULATIONS EXCEPT WITH RESPECT TO
NON-COMPLIANCE THAT WOULD NOT REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE
EFFECT.  DURING THE TWELVE CONSECUTIVE MONTH PERIOD PRIOR TO THE RESTATEMENT
EFFECTIVE DATE, THE DATE OF THE INITIAL CREDIT EXTENSION AND THE DATE OF ANY
SUBSEQUENT CREDIT EXTENSION, NEITHER THE PARENT NOR ANY OTHER MEMBER OF THE
CONTROLLED GROUP HAS WITHDRAWN FROM ANY MULTIEMPLOYER PLAN WITHIN THE MEANING OF
TITLE IV OF ERISA OR INITIATED STEPS TO DO SO, AND, TO THE KNOWLEDGE OF THE
PARENT, NO STEPS HAVE BEEN TAKEN TO REORGANIZE OR TERMINATE, WITHIN THE MEANING
OF TITLE IV OF ERISA, ANY MULTIEMPLOYER PLAN WHICH WITHDRAWAL, REORGANIZATION OR
TERMINATION WOULD REASONABLY BE EXPECTED TO EXCEED IN THE AGGREGATE $20,000,000.

 

5.10.        ACCURACY OF INFORMATION.  THE WRITTEN INFORMATION, EXHIBITS OR
REPORTS FURNISHED BY THE PARENT, THE BORROWER OR ANY SUBSIDIARY TO THE AGENT OR
TO ANY LENDER IN CONNECTION WITH THE NEGOTIATION OF, OR COMPLIANCE WITH, THE
LOAN DOCUMENTS (OTHER THAN PROJECTED AND PRO FORMA INFORMATION), CONSIDERED AS A
WHOLE, DO NOT CONTAIN ANY MATERIAL MISSTATEMENT OF FACT OR OMIT TO STATE A
MATERIAL FACT OR ANY FACT NECESSARY TO MAKE THE STATEMENTS CONTAINED THEREIN, IN
LIGHT OF THE CIRCUMSTANCES UNDER WHICH THEY WERE MADE, NOT MATERIALLY
MISLEADING.  THE PROJECTED AND PRO FORMA FINANCIAL INFORMATION FURNISHED BY OR
ON BEHALF OF THE PARENT, THE BORROWER OR ANY SUBSIDIARY TO THE AGENT OR ANY
LENDER IN CONNECTION WITH THE NEGOTIATION OF, OR COMPLIANCE WITH, THE LOAN
DOCUMENTS, WERE PREPARED IN GOOD FAITH BASED UPON ASSUMPTIONS BELIEVED TO BE
REASONABLE AT THE TIME.

 

5.11.        REGULATION U.  NEITHER THE PARENT, THE BORROWER NOR ANY SUBSIDIARY
IS ENGAGED PRINCIPALLY, OR AS ONE OF ITS IMPORTANT ACTIVITIES, IN THE BUSINESS
OF EXTENDING CREDIT FOR THE PURPOSE, WHETHER IMMEDIATE, INCIDENTAL OR ULTIMATE
OF BUYING OR CARRYING MARGIN STOCK (AS DEFINED IN REGULATION U), AND AFTER
APPLYING THE PROCEEDS OF EACH CREDIT EXTENSION, MARGIN STOCK

 

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(AS DEFINED IN REGULATION U) CONSTITUTES LESS THAN 25% OF THE VALUE OF THOSE
ASSETS OF THE PARENT, THE BORROWER AND THE SUBSIDIARIES WHICH ARE SUBJECT TO ANY
LIMITATION ON SALE, PLEDGE, OR ANY OTHER RESTRICTION HEREUNDER.

 

5.12.        COMPLIANCE WITH LAWS.  THE PARENT, THE BORROWER AND THE
SUBSIDIARIES HAVE COMPLIED WITH ALL APPLICABLE STATUTES, RULES, REGULATIONS,
ORDERS AND RESTRICTIONS OF ANY DOMESTIC OR FOREIGN GOVERNMENT OR ANY
INSTRUMENTALITY OR AGENCY THEREOF HAVING JURISDICTION OVER THE CONDUCT OF THEIR
RESPECTIVE BUSINESSES OR THE OWNERSHIP OF THEIR RESPECTIVE PROPERTY, EXCEPT TO
THE EXTENT ANY FAILURE TO SO COMPLY, INDIVIDUALLY OR IN THE AGGREGATE, WOULD NOT
REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT.

 

5.13.        OWNERSHIP OF PROPERTIES.  THE PARENT, THE BORROWER AND THE
SUBSIDIARIES HAVE GOOD TITLE, FREE OF ALL LIENS OTHER THAN THOSE PERMITTED BY
SECTION 6.15, TO ALL OF THE ASSETS REFLECTED IN THE PARENT’S MOST RECENT
CONSOLIDATED FINANCIAL STATEMENTS PROVIDED TO THE AGENT, AS OWNED BY THE PARENT,
THE BORROWER AND THE SUBSIDIARIES EXCEPT (I) ASSETS SOLD OR OTHERWISE
TRANSFERRED AS PERMITTED UNDER SECTION 6.12 AND (II) TO THE EXTENT THE FAILURE
TO HOLD SUCH TITLE WOULD NOT REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE
EFFECT.

 

5.14.        PLAN ASSETS; PROHIBITED TRANSACTIONS.  NONE OF THE CREDIT PARTIES
IS AN ENTITY DEEMED TO HOLD “PLAN ASSETS” WITHIN THE MEANING OF 29 C.F.R.
§ 2510.3-101 OF AN EMPLOYEE BENEFIT PLAN (AS DEFINED IN SECTION 3(3) OF ERISA)
WHICH IS SUBJECT TO TITLE I OF ERISA OR ANY PLAN (WITHIN THE MEANING OF
SECTION 4975 OF THE CODE), AND ASSUMING THE ACCURACY OF THE REPRESENTATIONS AND
WARRANTIES MADE IN SECTION 9.12 AND IN ANY ASSIGNMENT MADE PURSUANT TO
SECTION 12.3.3, NEITHER THE EXECUTION OF THIS AGREEMENT NOR THE MAKING OF
REVOLVING LOANS HEREUNDER GIVES RISE TO A PROHIBITED TRANSACTION WITHIN THE
MEANING OF SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE.

 

5.15.        ENVIRONMENTAL MATTERS.  TO THE KNOWLEDGE OF THE BORROWER, NO FACTS,
CIRCUMSTANCES OR CONDITIONS CURRENTLY EXIST WITH RESPECT TO THE PARENT AND ITS
SUBSIDIARIES THAT WOULD REASONABLY BE EXPECTED TO RESULT IN THE PARENT OR SUCH
SUBSIDIARY INCURRING LIABILITY UNDER ENVIRONMENTAL LAW THAT WOULD REASONABLY BE
EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT. NEITHER THE PARENT, THE BORROWER NOR
ANY SUBSIDIARY HAS RECEIVED ANY NOTICE TO THE EFFECT THAT ITS OPERATIONS ARE NOT
IN MATERIAL COMPLIANCE WITH ANY OF THE REQUIREMENTS OF APPLICABLE ENVIRONMENTAL
LAWS OR ARE THE SUBJECT OF ANY FEDERAL OR STATE INVESTIGATION EVALUATING WHETHER
ANY REMEDIAL ACTION IS NEEDED TO RESPOND TO A RELEASE OF ANY TOXIC OR HAZARDOUS
WASTE OR SUBSTANCE INTO THE ENVIRONMENT, WHICH NON-COMPLIANCE OR REMEDIAL ACTION
WOULD REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT.

 

5.16.        INVESTMENT COMPANY ACT.  NEITHER THE PARENT, THE BORROWER NOR ANY
SUBSIDIARY IS AN “INVESTMENT COMPANY” OR A COMPANY “CONTROLLED” BY AN
“INVESTMENT COMPANY”, WITHIN THE MEANING OF THE INVESTMENT COMPANY ACT OF 1940,
AS AMENDED.

 

5.17.        PUBLIC UTILITY HOLDING COMPANY ACT.  NEITHER THE PARENT, THE
BORROWER NOR ANY SUBSIDIARY IS A “HOLDING COMPANY”, OR AN “AFFILIATE” OF A
“HOLDING COMPANY”, OR A “SUBSIDIARY COMPANY” OF A “HOLDING COMPANY”, AS SUCH
TERMS ARE DEFINED IN THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935, AS AMENDED.

 

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5.18.        INSURANCE.  THE PARENT MAINTAINS, AND HAS CAUSED THE BORROWER AND
EACH SUBSIDIARY TO MAINTAIN, WITH FINANCIALLY SOUND AND REPUTABLE INSURANCE
COMPANIES INSURANCE ON THEIR PROPERTY IN SUCH AMOUNTS, SUBJECT TO SUCH
DEDUCTIBLES AND SELF-INSURANCE RETENTIONS AND COVERING SUCH PROPERTIES AND RISKS
AS IS CONSISTENT WITH SOUND BUSINESS PRACTICE FOR PERSONS ENGAGED IN THE SAME OR
SIMILAR BUSINESS AND WHICH ARE SIMILARLY SITUATED TO THE BORROWER.

 

5.19.        SOLVENCY.  AFTER GIVING EFFECT TO (I) THE CREDIT EXTENSIONS TO BE
MADE ON THE RESTATEMENT EFFECTIVE DATE OR SUCH OTHER DATE AS CREDIT EXTENSIONS
REQUESTED HEREUNDER ARE MADE, (II) THE OTHER TRANSACTIONS CONTEMPLATED BY THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS, AND (III) THE PAYMENT AND ACCRUAL OF ALL
TRANSACTION COSTS WITH RESPECT TO THE FOREGOING, THE PARENT AND ITS SUBSIDIARIES
TAKEN AS A WHOLE ARE SOLVENT.

 

5.20.        COLLATERAL DOCUMENTS.  THE COLLATERAL DOCUMENTS CREATE, AS SECURITY
FOR THE OBLIGATIONS PURPORTED TO BE SECURED THEREBY, A VALID AND ENFORCEABLE
INTEREST IN AND LIEN ON ALL OF THE PROPERTIES COVERED THEREBY IN FAVOR OF THE
AGENT, AND UPON THE FILING OF ANY FINANCING STATEMENTS, NOTICES OR MORTGAGES
CONTEMPLATED THEREBY IN THE OFFICES SPECIFIED THEREIN, SUCH LIENS SHALL BE
SUPERIOR TO AND PRIOR TO THE RIGHT OF ALL THIRD PERSONS (OTHER THAN LIENS
PERMITTED UNDER SECTION 6.15, PROVIDED THAT NOTHING HEREIN SHALL BE DEEMED TO
CONSTITUTE AN AGREEMENT TO SUBORDINATE ANY OF THE LIENS OF THE AGENT UNDER THE
LOAN DOCUMENTS TO ANY LIENS OTHERWISE PERMITTED UNDER SECTION 6.15 (OTHER THAN
PERMITTED PRIORITY LIENS)) AND SUBJECT TO NO OTHER LIENS (OTHER THAN LIENS
PERMITTED UNDER SECTION 6.15).

 

5.21.        NO DEFAULT OR UNMATURED DEFAULT.  NO DEFAULT OR UNMATURED DEFAULT
HAS OCCURRED AND IS CONTINUING.

 

ARTICLE VI

COVENANTS

 

During the term of this Agreement, unless the Required Lenders shall otherwise
consent in writing:

 

6.1.          FINANCIAL REPORTING.  THE PARENT AND THE BORROWER WILL MAINTAIN,
FOR ITSELF AND EACH SUBSIDIARY, A SYSTEM OF ACCOUNTING ESTABLISHED AND
ADMINISTERED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND
THE BORROWER WILL FURNISH TO THE AGENT (WHICH SHALL FURNISH COPIES TO THE
LENDERS VIA INTRALINKS OR OTHER SIMILAR PASSWORD PROTECTED, RESTRICTED INTERNET
SITE):

 

6.1.1  WITHIN 90 DAYS AFTER THE CLOSE OF EACH OF THE PARENT’S FISCAL YEARS
(COMMENCING WITH THE FISCAL YEAR ENDING DECEMBER 31, 2005), FINANCIAL STATEMENTS
PREPARED IN ACCORDANCE WITH AGREEMENT ACCOUNTING PRINCIPLES ON A CONSOLIDATED
BASIS FOR ITSELF AND ITS SUBSIDIARIES, INCLUDING BALANCE SHEETS AS OF THE END OF
SUCH PERIOD, STATEMENTS OF INCOME AND STATEMENTS OF CASH FLOWS, ACCOMPANIED BY
(A) AN AUDIT OPINION, UNQUALIFIED AS TO SCOPE, OF A NATIONALLY RECOGNIZED FIRM
OF INDEPENDENT PUBLIC ACCOUNTANTS OR OTHER INDEPENDENT PUBLIC ACCOUNTANTS
REASONABLY ACCEPTABLE TO THE REQUIRED LENDERS AND (B) A CERTIFICATE OF SAID
ACCOUNTANTS THAT, IN THE COURSE OF THEIR EXAMINATION NECESSARY FOR THEIR
OPINION, THEY HAVE OBTAINED NO KNOWLEDGE OF ANY DEFAULT

 

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UNDER ANY OF SECTIONS 6.21 THROUGH 6.24 INSOFAR AS SUCH SECTIONS RELATE TO
ACCOUNTING MATTERS, OR IF, IN THE OPINION OF SUCH ACCOUNTANTS, ANY DEFAULT SHALL
EXIST, STATING THE NATURE AND STATUS THEREOF.

 

6.1.2  WITHIN 45 DAYS AFTER THE CLOSE OF THE FIRST THREE (3) QUARTERLY PERIODS
OF EACH OF THE PARENT’S FISCAL YEARS, FOR THE PARENT AND ITS SUBSIDIARIES,
CONSOLIDATED UNAUDITED BALANCE SHEETS AS AT THE CLOSE OF EACH SUCH PERIOD AND
CONSOLIDATED STATEMENTS OF INCOME AND A STATEMENT OF CASH FLOWS FOR THE PERIOD
FROM THE BEGINNING OF SUCH FISCAL YEAR TO THE END OF SUCH QUARTER, ALL CERTIFIED
AS TO FAIRNESS OF PRESENTATION, IN ALL MATERIAL RESPECTS, COMPLIANCE WITH
AGREEMENT ACCOUNTING PRINCIPLES BY ITS CHIEF FINANCIAL OFFICER, CONTROLLER OR
TREASURER.

 

6.1.3  TOGETHER WITH (I) THE FINANCIAL STATEMENTS REQUIRED UNDER SECTIONS 6.1.1
AND 6.1.2, A COMPLIANCE CERTIFICATE IN SUBSTANTIALLY THE FORM OF EXHIBIT B
SIGNED BY ITS CHIEF FINANCIAL OFFICER, CONTROLLER OR TREASURER SHOWING THE
CALCULATIONS NECESSARY TO DETERMINE COMPLIANCE WITH THIS AGREEMENT, WHICH
CERTIFICATE SHALL ALSO STATE THAT NO DEFAULT OR UNMATURED DEFAULT EXISTS, OR IF
ANY DEFAULT OR UNMATURED DEFAULT EXISTS, STATING THE NATURE AND STATUS THEREOF,
AND (II) EACH COMPLIANCE CERTIFICATE DESCRIBED IN CLAUSE (I) RELATING TO THE
FINANCIAL STATEMENTS REQUIRED UNDER SECTION 6.1.1, SUPPLEMENTS TO THE SCHEDULES
TO THE SECURITY AGREEMENT AND THE INTELLECTUAL PROPERTY SECURITY AGREEMENTS
REFLECTING ANY MATTER HEREAFTER ARISING WHICH, IF EXISTING OR OCCURRING AT THE
RESTATEMENT EFFECTIVE DATE, WOULD HAVE BEEN REQUIRED TO BE SET FORTH ON THE
SCHEDULES DELIVERED AS OF THE RESTATEMENT EFFECTIVE DATE, PROVIDED THAT
NOTWITHSTANDING THAT ANY SUCH SUPPLEMENT MAY DISCLOSE THE EXISTENCE OR
OCCURRENCE OF EVENTS, FACTS OR CIRCUMSTANCES WHICH ARE EITHER PROHIBITED BY THE
TERMS OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENTS OR WHICH RESULT IN THE
MATERIAL BREACH OF ANY REPRESENTATION OR WARRANTY, SUCH SUPPLEMENT SHALL NOT BE
DEEMED EITHER AN AMENDMENT THEREOF OR A WAIVER OF SUCH BREACH UNLESS EXPRESSLY
CONSENTED TO IN WRITING BY AGENT AND THE REQUISITE NUMBER OF LENDERS UNDER
SECTION 8.2, AND NO SUCH AMENDMENTS, EXCEPT AS THE SAME MAY BE CONSENTED TO IN A
WRITING WHICH EXPRESSLY INCLUDES A WAIVER, SHALL BE OR BE DEEMED A WAIVER BY THE
AGENT OR ANY LENDER OF ANY DEFAULT DISCLOSED THEREIN, AND ANY ITEMS DISCLOSED IN
ANY SUCH SUPPLEMENTAL DISCLOSURES SHALL BE INCLUDED IN THE CALCULATION OF ANY
LIMITS, BASKETS OR SIMILAR RESTRICTIONS CONTAINED IN THIS AGREEMENT OR ANY OF
THE OTHER LOAN DOCUMENTS.

 

6.1.4  WITHIN 60 DAYS AFTER THE CLOSE OF EACH OF THE PARENT’S FISCAL YEARS, A
COPY OF THE PLAN AND FORECAST CONSISTING OF A PROJECTED BALANCE SHEET, INCOME
STATEMENTS AND CASH FLOW STATEMENTS, AND ANY NARRATIVE PREPARED WITH RESPECT
THERETO, OF THE PARENT AND ITS SUBSIDIARIES FOR THE UPCOMING FISCAL YEAR
PREPARED IN SUCH DETAIL AS SHALL BE REASONABLY SATISFACTORY TO THE AGENT.

 

6.1.5  WITHIN 270 DAYS AFTER THE CLOSE OF EACH FISCAL YEAR OF THE PARENT, IF
APPLICABLE, A COPY OF THE ACTUARIAL REPORT SHOWING THE FUNDING STATUS OF EACH
SINGLE EMPLOYER PLAN AS OF THE VALUATION DATE OCCURRING IN SUCH FISCAL YEAR,
CERTIFIED BY AN ACTUARY ENROLLED UNDER ERISA.

 

6.1.6  AS SOON AS POSSIBLE AND IN ANY EVENT WITHIN 10 DAYS AFTER (I) THE
INCEPTION OF ANY FORMAL STEP TO TERMINATE ANY PLAN, OTHER THAN A STANDARD
TERMINATION UNDER SECTION

 

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4041(B) OF ERISA, (II) A CONTRIBUTION FAILURE WITH RESPECT TO ANY PLAN
SUFFICIENT TO GIVE RISE TO A LIEN UNDER SECTION 302(F) OF ERISA, OR (III) THE
MAKING OF ANY APPLICATION UNDER SECTION 303 OF ERISA FOR THE WAIVER OF THE
MINIMUM FUNDING REQUIREMENTS UNDER SECTION 302(A) OF ERISA, NOTICE OF ANY SUCH
EVENT AND THE ACTION WHICH THE PARENT PROPOSES TO TAKE WITH RESPECT THERETO.

 

6.1.7  AS SOON AS POSSIBLE AND IN ANY EVENT WITHIN 10 DAYS AFTER RECEIPT BY THE
PARENT, THE BORROWER OR ANY SUBSIDIARY, A COPY OF (A) ANY NOTICE OR CLAIM TO THE
EFFECT THAT THE PARENT, THE BORROWER OR ANY SUBSIDIARY IS OR MAY BE LIABLE TO
ANY PERSON AS A RESULT OF THE RELEASE BY THE PARENT, THE BORROWER, ANY
SUBSIDIARY, OR ANY OTHER PERSON OF ANY TOXIC OR HAZARDOUS WASTE OR SUBSTANCE
INTO THE ENVIRONMENT, AND (B) ANY NOTICE ALLEGING ANY VIOLATION OF ANY
ENVIRONMENTAL LAW BY THE PARENT, THE BORROWER OR ANY SUBSIDIARY, WHICH, IN
EITHER CASE, WOULD REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT.

 

6.1.8  PROMPTLY UPON THE FILING THEREOF, COPIES OF ALL REGISTRATION STATEMENTS
AND ANNUAL, QUARTERLY, MONTHLY OR OTHER REGULAR REPORTS WHICH THE PARENT, THE
BORROWER OR ANY SUBSIDIARY PUBLICLY FILES WITH THE SEC.

 

6.1.9  SUCH OTHER INFORMATION (INCLUDING NON-FINANCIAL INFORMATION) AS THE AGENT
OR ANY LENDER MAY FROM TIME TO TIME REASONABLY REQUEST.

 

6.2.          USE OF PROCEEDS.  THE PARENT AND THE BORROWER WILL, AND WILL CAUSE
EACH SUBSIDIARY TO, USE THE PROCEEDS OF THE CREDIT EXTENSIONS FOR GENERAL
CORPORATE PURPOSES, INCLUDING, WITHOUT LIMITATION, FOR WORKING CAPITAL,
PERMITTED ACQUISITIONS, DISTRIBUTIONS PERMITTED UNDER SECTION 6.10 AND PAYMENT
OF FEES AND EXPENSES INCURRED IN CONNECTION WITH THIS AGREEMENT.  THE BORROWER
SHALL USE THE PROCEEDS OF CREDIT EXTENSIONS IN COMPLIANCE WITH ALL APPLICABLE
LEGAL AND REGULATORY REQUIREMENTS AND ANY SUCH USE SHALL NOT RESULT IN A
VIOLATION OF ANY SUCH REQUIREMENTS, INCLUDING, WITHOUT LIMITATION, REGULATION U
AND X.

 

6.3.          NOTICE OF DEFAULT.  WITHIN FIVE (5) BUSINESS DAYS AFTER AN
AUTHORIZED OFFICER BECOMES AWARE THEREOF, THE BORROWER WILL GIVE NOTICE IN
WRITING TO THE LENDERS OF THE OCCURRENCE OF (I) ANY DEFAULT OR UNMATURED DEFAULT
AND (II) ANY OTHER DEVELOPMENT, FINANCIAL OR OTHERWISE, WHICH WOULD REASONABLY
BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT.

 

6.4.          CONDUCT OF BUSINESS.  THE PARENT AND THE BORROWER WILL, AND WILL
CAUSE EACH SUBSIDIARY TO, CARRY ON AND CONDUCT ITS BUSINESS IN SUBSTANTIALLY THE
SAME FIELDS OF ENTERPRISE AS CONDUCTED BY THE PARENT OR ITS SUBSIDIARIES AS OF
THE RESTATEMENT EFFECTIVE DATE AND THOSE REASONABLY RELATED THERETO AND
REASONABLE EXTENSIONS THEREOF, AND DO ALL THINGS NECESSARY (SUBJECT TO
SECTION 6.11) TO REMAIN DULY INCORPORATED OR ORGANIZED, VALIDLY EXISTING AND (TO
THE EXTENT SUCH CONCEPT APPLIES TO SUCH ENTITY) IN GOOD STANDING AS A
CORPORATION, PARTNERSHIP OR LIMITED LIABILITY COMPANY IN ITS JURISDICTION OF
INCORPORATION OR ORGANIZATION, AS THE CASE MAY BE, AND REMAIN QUALIFIED TO DO
BUSINESS AND REMAIN IN GOOD STANDING (TO THE EXTENT SUCH CONCEPT APPLIES TO SUCH
ENTITY) IN ALL JURISDICTIONS WHERE THE NATURE OF THE BUSINESS CONDUCTED BY IT
MAKES SUCH QUALIFICATION NECESSARY AND WHERE FAILURE TO SO QUALIFY WOULD
REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT.

 

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6.5.          TAXES.  THE PARENT AND THE BORROWER WILL, AND WILL CAUSE EACH
SUBSIDIARY TO, TIMELY FILE COMPLETE AND CORRECT UNITED STATES FEDERAL AND
FOREIGN, STATE AND LOCAL TAX RETURNS REQUIRED BY LAW AND PAY WHEN DUE ALL TAXES,
ASSESSMENTS AND GOVERNMENTAL CHARGES AND LEVIES UPON IT OR ITS INCOME, PROFITS
OR PROPERTY, EXCEPT (I) THOSE WHICH ARE BEING CONTESTED IN GOOD FAITH BY
APPROPRIATE PROCEEDINGS AND WITH RESPECT TO WHICH ADEQUATE RESERVES HAVE BEEN
SET ASIDE IN ACCORDANCE WITH AGREEMENT ACCOUNTING PRINCIPLES AND WITH RESPECT TO
WHICH NO LIEN EXISTS OR (II) THOSE TAXES, ASSESSMENTS, CHARGES AND LEVIES WHICH
BY REASON OF THE AMOUNT INVOLVED OR THE REMEDIES AVAILABLE TO THE APPLICABLE
TAXING AUTHORITY WOULD NOT REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE
EFFECT.

 

6.6.          INSURANCE.  THE PARENT AND THE BORROWER WILL, AND WILL CAUSE EACH
SUBSIDIARY TO, MAINTAIN WITH FINANCIALLY SOUND AND REPUTABLE INSURANCE COMPANIES
INSURANCE ON THEIR PROPERTY IN SUCH AMOUNTS, SUBJECT TO SUCH DEDUCTIBLES AND
SELF-INSURANCE RETENTIONS, AND COVERING SUCH PROPERTIES AND RISKS AS IS
CONSISTENT WITH SOUND BUSINESS PRACTICE FOR PERSONS ENGAGED IN THE SAME OR
SIMILAR BUSINESS AND WHICH SIMILARLY SITUATED TO THE BORROWER, AND THE BORROWER
WILL FURNISH TO THE AGENT UPON REQUEST FULL INFORMATION AS TO THE INSURANCE
CARRIED.  THE BORROWER SHALL DELIVER TO THE AGENT ENDORSEMENTS IN FORM AND
SUBSTANCE ACCEPTABLE TO THE AGENT (X) TO ALL POLICIES COVERING RISK OF LOSS OR
DAMAGE TO TANGIBLE PROPERTY OF THE PARENT, THE BORROWER AND EACH GUARANTOR
NAMING THE AGENT AS LOSS PAYEE AND (Y) TO ALL GENERAL LIABILITY AND OTHER
LIABILITY POLICIES NAMING THE AGENT AS AN ADDITIONAL INSURED.  IN THE EVENT THE
PARENT, THE BORROWER OR ANY SUBSIDIARY AT ANY TIME OR TIMES HEREAFTER SHALL FAIL
TO OBTAIN OR MAINTAIN ANY OF THE POLICIES OR INSURANCE REQUIRED HEREIN OR TO PAY
ANY PREMIUM IN WHOLE OR IN PART RELATING THERETO, THEN THE AGENT, WITHOUT
WAIVING OR RELEASING ANY OBLIGATIONS OR RESULTING DEFAULT HEREUNDER, MAY AT ANY
TIME OR TIMES THEREAFTER (BUT SHALL BE UNDER NO OBLIGATION TO DO SO) OBTAIN AND
MAINTAIN SUCH POLICIES OF INSURANCE AND PAY SUCH PREMIUMS.  ALL SUMS SO
DISBURSED BY THE AGENT SHALL CONSTITUTE PART OF THE OBLIGATIONS, PAYABLE AS
PROVIDED IN THIS AGREEMENT.

 

6.7.          COMPLIANCE WITH LAWS.  THE PARENT AND THE BORROWER WILL, AND WILL
CAUSE EACH SUBSIDIARY TO, COMPLY WITH ALL LAWS, RULES, REGULATIONS, ORDERS,
WRITS, JUDGMENTS, INJUNCTIONS, DECREES OR AWARDS TO WHICH IT MAY BE SUBJECT
INCLUDING, WITHOUT LIMITATION, ALL ENVIRONMENTAL LAWS AND SECTION 302 AND
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002, EXCEPT WHERE THE FAILURE TO DO
SO, INDIVIDUALLY OR IN THE AGGREGATE, WOULD NOT REASONABLY BE EXPECTED TO HAVE A
MATERIAL ADVERSE EFFECT.

 

6.8.          MAINTENANCE OF PROPERTIES.  SUBJECT TO SECTION 6.12, THE PARENT
AND THE BORROWER WILL, AND WILL CAUSE EACH SUBSIDIARY TO, DO ALL THINGS
NECESSARY TO MAINTAIN, PRESERVE, PROTECT AND KEEP ITS PROPERTY USED IN THE
OPERATION OF ITS BUSINESS IN GOOD REPAIR, WORKING ORDER AND CONDITION (ORDINARY
WEAR AND TEAR AND CASUALTY EXCEPTED), AND MAKE ALL NECESSARY AND PROPER REPAIRS,
RENEWALS AND REPLACEMENTS SO THAT ITS BUSINESS CARRIED ON IN CONNECTION
THEREWITH MAY BE PROPERLY CONDUCTED AT ALL TIMES, EXCEPT WHERE THE FAILURE TO DO
SO, INDIVIDUALLY OR IN THE AGGREGATE, WOULD NOT REASONABLY BE EXPECTED TO HAVE A
MATERIAL ADVERSE EFFECT.

 

6.9.          INSPECTION; KEEPING OF BOOKS AND RECORDS.  THE PARENT AND THE
BORROWER WILL, AND WILL CAUSE EACH SUBSIDIARY TO, PERMIT UPON TWO (2) BUSINESS
DAYS’ PRIOR WRITTEN NOTICE TO THE BORROWER (EXCEPT WHEN A DEFAULT OR UNMATURED
DEFAULT HAS OCCURRED AND IS CONTINUING, IN WHICH CASE NO PRIOR NOTICE WILL BE
REQUIRED) THE AGENT AND THE LENDERS (AFTER NOTICE TO AND COORDINATION WITH, THE
AGENT), BY THEIR RESPECTIVE REPRESENTATIVES AND AGENTS, TO INSPECT ANY OF THE
PROPERTY,

 

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BOOKS AND FINANCIAL RECORDS OF THE PARENT, THE BORROWER AND EACH SUBSIDIARY, TO
EXAMINE AND MAKE COPIES OF THE BOOKS OF ACCOUNTS AND OTHER FINANCIAL RECORDS OF
THE PARENT, THE BORROWER AND EACH SUBSIDIARY, AND TO DISCUSS THE AFFAIRS,
FINANCES AND ACCOUNTS OF THE PARENT, THE BORROWER AND EACH SUBSIDIARY WITH, AND
TO BE ADVISED AS TO THE SAME BY, THEIR RESPECTIVE OFFICERS AT SUCH REASONABLE
TIMES AND INTERVALS AS THE AGENT OR ANY LENDER MAY DESIGNATE.  THE EXERCISE OF
THE RIGHTS UNDER THE PRECEDING SENTENCE (I) BY OR ON BEHALF OF ANY LENDER SHALL,
UNLESS OCCURRING AT A TIME WHEN A DEFAULT OR UNMATURED DEFAULT SHALL BE
CONTINUING, BE AT SUCH LENDER’S EXPENSE AND (II) BY OR ON BEHALF OF THE AGENT,
OTHER THAN THE FIRST SUCH INSPECTION OCCURRING DURING ANY CALENDAR YEAR OR ANY
INSPECTIONS OCCURRING AT A TIME WHEN A DEFAULT OR UNMATURED DEFAULT IS
CONTINUING, SHALL BE AT THE AGENT’S EXPENSE; ALL OTHER SUCH INSPECTIONS SHALL BE
AT THE BORROWER’S EXPENSE.  THE PARENT AND THE BORROWER SHALL KEEP AND MAINTAIN,
AND CAUSE EACH OF THE SUBSIDIARIES TO KEEP AND MAINTAIN, IN ALL MATERIAL
RESPECTS, COMPLETE, ACCURATE AND PROPER BOOKS OF RECORD AND ACCOUNT IN WHICH
ENTRIES IN CONFORMITY WITH AGREEMENT ACCOUNTING PRINCIPLES SHALL BE MADE OF ALL
DEALINGS AND TRANSACTIONS IN RELATION TO THEIR RESPECTIVE BUSINESSES AND
ACTIVITIES.  IF A DEFAULT HAS OCCURRED AND IS CONTINUING, THE PARENT AND THE
BORROWER, UPON THE AGENT’S REQUEST, SHALL TURN OVER COPIES OF ANY SUCH RECORDS
TO THE AGENT OR ITS REPRESENTATIVES.

 

6.10.        DIVIDENDS.  THE PARENT AND THE BORROWER WILL NOT, NOR WILL THEY
PERMIT ANY SUBSIDIARY TO, DECLARE OR PAY ANY DIVIDEND OR MAKE ANY DISTRIBUTION
ON ITS CAPITAL STOCK (OTHER THAN DIVIDENDS PAYABLE IN ITS OWN CAPITAL STOCK) OR
REDEEM, REPURCHASE OR OTHERWISE ACQUIRE OR RETIRE ANY OF ITS CAPITAL STOCK AT
ANY TIME OUTSTANDING, EXCEPT THAT (I) ANY SUBSIDIARY OF THE BORROWER MAY DECLARE
AND PAY DIVIDENDS OR MAKE DISTRIBUTIONS TO THE BORROWER OR TO ANY OTHER
SUBSIDIARY OF THE BORROWER, (II) ANY SUBSIDIARY OF THE BORROWER WHICH IS NOT A
WHOLLY-OWNED SUBSIDIARY MAY PAY DIVIDENDS TO ITS SHAREHOLDERS GENERALLY SO LONG
AS THE BORROWER OR ITS RESPECTIVE SUBSIDIARY WHICH OWNS THE EQUITY INTEREST OR
INTERESTS IN THE SUBSIDIARY PAYING SUCH DIVIDENDS RECEIVES AT LEAST ITS
PROPORTIONATE SHARE THEREOF, (III) THE BORROWER MAY DECLARE OR MAKE ANY DIVIDEND
OF THE CAPITAL STOCK OF TOPCO TO THE PARENT, (IV) THE BORROWER MAY DECLARE AND
MAKE DIVIDENDS OR DISTRIBUTIONS TO THE PARENT TO ENABLE THE PARENT TO, AND THE
PARENT MAY (A) PAY ANY INCOME, FRANCHISE OR LIKE TAXES, (B) PAY ITS OPERATING
EXPENSES (INCLUDING, WITHOUT LIMITATION, LEGAL, ACCOUNTING, REPORTING, LISTING
AND SIMILAR EXPENSES) IN AN AGGREGATE AMOUNT NOT EXCEEDING $2,000,000 IN ANY
FISCAL YEAR AND (C) SO LONG AS NO DEFAULT OR UNMATURED DEFAULT SHALL BE
CONTINUING OR RESULT THEREFROM, REPURCHASE ITS COMMON STOCK AND WARRANTS AND/OR
REDEEM OR REPURCHASE VESTED MANAGEMENT OPTIONS, IN EACH CASE, FROM DIRECTORS,
OFFICERS AND EMPLOYEES OF THE PARENT AND ITS SUBSIDIARIES, AND (V) SO LONG AS NO
DEFAULT OR UNMATURED DEFAULT SHALL BE CONTINUING OR RESULT THEREFROM, THE
BORROWER MAY MAKE DISTRIBUTIONS TO THE PARENT AND THE PARENT MAY REDEEM,
REPURCHASE, ACQUIRE OR RETIRE AN AMOUNT OF ITS CAPITAL STOCK OR WARRANTS OR
OPTIONS THEREFOR, OR DECLARE AND PAY ANY DIVIDEND OR MAKE ANY DISTRIBUTION ON
ITS CAPITAL STOCK, IN THE AGGREGATE, CALCULATED AS OF THE DATE SUCH DISTRIBUTION
IS MADE BY THE BORROWER, UP TO THE SUM OF (1) THE GREATER OF (A) $250,000,000
AND (B) AN AMOUNT EQUAL TO (X) $250,000,000 PLUS (Y) 25% OF CONSOLIDATED NET
INCOME (OR MINUS 25% OF ANY LOSS) IN EACH FISCAL QUARTER BEGINNING WITH THE
FISCAL QUARTER ENDING JUNE 30, 2005, PLUS (2) THE NET CASH PROCEEDS RECEIVED BY
THE PARENT OR THE BORROWER FROM THE EXERCISE OF STOCK OPTIONS ISSUED TO THE
DIRECTORS, OFFICERS AND EMPLOYEES OF THE PARENT, THE BORROWER OR THE BORROWER’S
SUBSIDIARIES; ALL SUCH PERMITTED AMOUNTS ACTUALLY PAID UNDER THIS CLAUSE
(V) DURING ANY PERIOD BEING THE “PERMITTED DISTRIBUTION AMOUNT” FOR SUCH PERIOD.

 

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6.11.        MERGER.  THE PARENT AND THE BORROWER WILL NOT, NOR WILL THEY PERMIT
ANY SUBSIDIARY TO, MERGE OR CONSOLIDATE WITH OR INTO ANY OTHER PERSON, EXCEPT
THAT:

 

6.11.1  A GUARANTOR MAY MERGE INTO (I) THE BORROWER, PROVIDED THE BORROWER SHALL
BE THE CONTINUING OR SURVIVING CORPORATION, OR (II) ANOTHER GUARANTOR OR ANY
OTHER PERSON THAT BECOMES A GUARANTOR PROMPTLY UPON THE COMPLETION OF THE
APPLICABLE MERGER OR CONSOLIDATION.

 

6.11.2  A SUBSIDIARY THAT IS NOT A GUARANTOR AND NOT REQUIRED TO BE A GUARANTOR
MAY MERGE OR CONSOLIDATE WITH OR INTO ANY OTHER PERSON; PROVIDED, HOWEVER, THAT
IF THE EQUITY INTERESTS OF SUCH SUBSIDIARY HAVE BEEN PLEDGED TO THE AGENT AS
COLLATERAL, THEN SUCH MERGER OR CONSOLIDATION SHALL NOT BE PERMITTED UNLESS SUCH
SUBSIDIARY IS THE SURVIVING ENTITY OF SUCH MERGER OR CONSOLIDATION OR THE EQUITY
INTEREST OF THE SURVIVING ENTITY HAVE BEEN PLEDGED TO THE AGENT AS COLLATERAL OR
SUCH MERGER OR CONSOLIDATION IS APPROVED IN WRITING BY THE AGENT PRIOR TO THE
CONSUMMATION THEREOF.

 

6.11.3  THE BORROWER OR ANY SUBSIDIARY OF THE BORROWER MAY CONSUMMATE ANY MERGER
OR CONSOLIDATION IN CONNECTION WITH ANY PERMITTED ACQUISITION; PROVIDED THAT IN
ANY SUCH MERGER OR CONSOLIDATION TO WHICH THE BORROWER IS A PARTY, THE BORROWER
SHALL BE THE CONTINUING OR SURVIVING CORPORATION.

 

6.12.        SALE OF ASSETS.  THE PARENT AND THE BORROWER WILL NOT, NOR WILL
THEY PERMIT ANY SUBSIDIARY TO, LEASE, SELL, TRANSFER OR OTHERWISE DISPOSE OF ITS
PROPERTY TO ANY OTHER PERSON, EXCEPT:

 

6.12.1  SALES OF INVENTORY IN THE ORDINARY COURSE OF BUSINESS.

 

6.12.2  A DISPOSITION OF ASSETS (I) BY THE PARENT OR ANY SUBSIDIARY TO ANY
CREDIT PARTY, (II) BY A SUBSIDIARY THAT IS NOT A GUARANTOR AND NOT REQUIRED TO
BE A GUARANTOR TO ANY OTHER SUBSIDIARY, (III) SUBJECT TO SECTION 6.24, BY ANY
CREDIT PARTY TO ANY FOREIGN SUBSIDIARY AND (IV) SUBJECT TO SECTION 6.25, BY ANY
CREDIT PARTY TO TOPCO.

 

6.12.3  A DISPOSITION OF (I) OBSOLETE PROPERTY, PROPERTY NO LONGER USED IN THE
BUSINESS OF THE PARENT, THE BORROWER OR ANY SUBSIDIARY OR OTHER ASSETS IN THE
ORDINARY COURSE OF BUSINESS OF THE PARENT, THE BORROWER OR ANY SUBSIDIARY AND
(II) THE PROPERTIES IDENTIFIED ON SCHEDULE 6.12.

 

6.12.4  A DISPOSITION OF ASSETS FOR AN AGGREGATE PURCHASE PRICE OF UP TO
$275,000,000 AT ANY ONE TIME OUTSTANDING PURSUANT TO, AND IN ACCORDANCE WITH,
RECEIVABLES PURCHASE FACILITIES UNLESS (A) A DEFAULT HAS OCCURRED AND IS
CONTINUING UNDER SECTIONS 7.6 OR 7.7, OR (B) THE AGENT SHALL HAVE GIVEN WRITTEN
NOTICE TO THE BORROWER PROHIBITING DISPOSITIONS UNDER THIS SECTION 6.12
FOLLOWING THE OCCURRENCE OF A DEFAULT UNDER CLAUSES (I), (II) OR, SOLELY WITH
RESPECT TO INTEREST, (III) OF SECTION 7.2.

 

6.12.5  TRANSFERS OF CONDEMNED PROPERTY TO THE RESPECTIVE GOVERNMENTAL AUTHORITY
OR AGENCY THAT HAS CONDEMNED THE SAME (WHETHER BY DEED IN LIEU OF CONDEMNATION
OR OTHERWISE), AND THE TRANSFER OF PROPERTIES THAT HAVE BEEN SUBJECT TO A
CASUALTY TO THE RESPECTIVE INSURER (OR ITS DESIGNEE) OF SUCH PROPERTY AS PART OF
AN INSURANCE SETTLEMENT.

 

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6.12.6  THE LICENSE OR SUBLICENSE OF SOFTWARE, TRADEMARKS, AND OTHER
INTELLECTUAL PROPERTY WHICH DO NOT MATERIALLY INTERFERE WITH THE BUSINESS OF THE
PARENT AND ITS SUBSIDIARIES, TAKEN AS A WHOLE.

 

6.12.7  CONSIGNMENT ARRANGEMENTS (AS CONSIGNOR OR CONSIGNEE) OR SIMILAR
ARRANGEMENTS FOR THE SALE OF GOODS IN THE ORDINARY COURSE OF BUSINESS OF THE
PARENT AND ITS SUBSIDIARIES, TAKEN AS A WHOLE.

 

6.12.8  THE DISCOUNT OR SALE, IN EACH CASE WITHOUT RECOURSE AND IN THE ORDINARY
COURSE OF BUSINESS, OF RECEIVABLES MORE THAN 90 DAYS OVERDUE AND ARISING IN THE
ORDINARY COURSE OF BUSINESS, BUT ONLY IN CONNECTION WITH THE COMPROMISE OR
COLLECTION THEREOF CONSISTENT WITH CUSTOMARY INDUSTRY PRACTICE (AND NOT AS PART
OF ANY BULK SALE OR FINANCING OF RECEIVABLES).

 

6.12.9  LEASES OR SUBLEASES OR LICENSES OF REAL PROPERTY TO OTHER PERSONS NOT
MATERIALLY INTERFERING WITH THE BUSINESS OF THE PARENT AND ITS SUBSIDIARIES,
TAKEN AS A WHOLE.

 

6.12.10  LEASES, SALES OR OTHER DISPOSITIONS OF ITS PROPERTY THAT (I) ARE FOR
CONSIDERATION CONSISTING AT LEAST SEVENTY-FIVE PERCENT (75%) OF CASH, (II) ARE
FOR NOT LESS THAN FAIR MARKET VALUE, AND (III) TOGETHER WITH ALL OTHER PROPERTY
OF THE PARENT, THE BORROWER AND THE SUBSIDIARIES PREVIOUSLY LEASED, SOLD OR
DISPOSED OF (OTHER THAN DISPOSITIONS OTHERWISE PERMITTED BY THIS SECTION 6.12)
AS PERMITTED BY THIS SECTION 6.12.10 DURING THE TWELVE-MONTH PERIOD ENDING WITH
THE MONTH IN WHICH ANY SUCH LEASE, SALE OR OTHER DISPOSITION OCCURS, DO NOT
EXCEED $30,000,000 IN THE AGGREGATE.

 

6.13.        INVESTMENTS AND ACQUISITIONS.  THE PARENT AND THE BORROWER WILL
NOT, NOR WILL THEY PERMIT ANY SUBSIDIARY TO, MAKE OR SUFFER TO EXIST ANY
INVESTMENTS (INCLUDING WITHOUT LIMITATION, LOANS AND ADVANCES TO, AND OTHER
INVESTMENTS IN, SUBSIDIARIES), OR TO CREATE ANY SUBSIDIARY OR TO BECOME OR
REMAIN A PARTNER IN ANY PARTNERSHIP OR JOINT VENTURE, OR TO MAKE ANY ACQUISITION
OF ANY PERSON, EXCEPT:

 

6.13.1  CASH AND CASH EQUIVALENT INVESTMENTS.

 

6.13.2  EXISTING INVESTMENTS IN SUBSIDIARIES AND OTHER INVESTMENTS IN EXISTENCE
ON THE RESTATEMENT EFFECTIVE DATE AND DESCRIBED IN SCHEDULE 6.13 AND ANY RENEWAL
OR EXTENSION OF ANY SUCH INVESTMENTS THAT DOES NOT INCREASE THE AMOUNT OF THE
INVESTMENT BEING RENEWED OR EXTENDED AS DETERMINED AS OF SUCH DATE OF RENEWAL OR
EXTENSION.

 

6.13.3  INVESTMENTS IN TRADE RECEIVABLES OR RECEIVED IN CONNECTION WITH THE
BANKRUPTCY OR REORGANIZATION OF SUPPLIERS AND CUSTOMERS AND IN SETTLEMENT OF
DELINQUENT OBLIGATIONS OF, AND OTHER DISPUTES WITH, CUSTOMERS AND SUPPLIERS
ARISING IN THE ORDINARY COURSE OF BUSINESS.

 

6.13.4  INVESTMENTS CONSISTING OF INTERCOMPANY LOANS PERMITTED UNDER
SECTION 6.14.6.

 

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6.13.5  ACQUISITIONS MEETING THE FOLLOWING REQUIREMENTS OR OTHERWISE APPROVED BY
THE REQUIRED LENDERS (EACH SUCH ACQUISITION CONSTITUTING A “PERMITTED
ACQUISITION”):

 

(I)            AS OF THE DATE OF THE CONSUMMATION OF SUCH ACQUISITION, NO
DEFAULT OR UNMATURED DEFAULT SHALL HAVE OCCURRED AND BE CONTINUING OR WOULD
RESULT FROM SUCH ACQUISITION, AND THE REPRESENTATION AND WARRANTY CONTAINED IN
SECTION 5.11 SHALL BE TRUE BOTH BEFORE AND AFTER GIVING EFFECT TO SUCH
ACQUISITION;

 

(II)           SUCH ACQUISITION IS INITIATED BY BORROWER AND CONSUMMATED ON A
NON-HOSTILE BASIS AND CONSUMMATED PURSUANT TO A NEGOTIATED ACQUISITION AGREEMENT
APPROVED BY THE BOARD OF DIRECTORS OR OTHER APPLICABLE GOVERNING BODY OF THE
SELLER OR ENTITY TO BE ACQUIRED;

 

(III)          THE BUSINESS TO BE ACQUIRED IN SUCH ACQUISITION IS SIMILAR OR
REASONABLY RELATED TO ONE OR MORE OF THE LINES OF BUSINESS IN WHICH THE PARENT,
THE BORROWER AND THE SUBSIDIARIES ARE ENGAGED ON THE RESTATEMENT EFFECTIVE DATE;

 

(IV)          AS OF THE DATE OF THE CONSUMMATION OF SUCH ACQUISITION, ALL
MATERIAL GOVERNMENTAL AND CORPORATE APPROVALS REQUIRED IN CONNECTION THEREWITH
SHALL HAVE BEEN OBTAINED;

 

(V)           WITH RESPECT TO EACH PERMITTED ACQUISITION WITH RESPECT TO WHICH
THE PURCHASE PRICE SHALL BE GREATER THAN $75,000,000, NOT LESS THAN TEN
(10) DAYS PRIOR TO THE CONSUMMATION OF SUCH PERMITTED ACQUISITION, THE BORROWER
SHALL HAVE DELIVERED TO THE AGENT A PRO FORMA CONSOLIDATED BALANCE SHEET, INCOME
STATEMENT AND CASH FLOW STATEMENT OF THE PARENT AND THE SUBSIDIARIES (THE
“ACQUISITION PRO FORMA”), BASED ON THE PARENT’S MOST RECENT FINANCIAL STATEMENTS
DELIVERED PURSUANT TO SECTION 6.1 AND TAKING INTO ACCOUNT SUCH PERMITTED
ACQUISITION (INCLUDING, FOR PURPOSES OF CONSOLIDATED EBITDA, FACTUALLY
SUPPORTABLE AND IDENTIFIABLE COSTS SAVINGS AND EXPENSES), THE FUNDING OF ALL
CREDIT EXTENSIONS IN CONNECTION THEREWITH (AND THE USE OF THE PROCEEDS THEREOF)
AND THE REPAYMENT OF ANY INDEBTEDNESS IN CONNECTION WITH SUCH PERMITTED
ACQUISITION, AND SUCH ACQUISITION PRO FORMA SHALL REFLECT THAT, ON A PRO FORMA
BASIS, THE PARENT WOULD HAVE BEEN IN COMPLIANCE WITH THE FINANCIAL COVENANTS SET
FORTH IN SECTIONS 6.21 THROUGH 6.23, INCLUSIVE, FOR THE FOUR FISCAL QUARTER
PERIOD REFLECTED IN THE COMPLIANCE CERTIFICATE MOST RECENTLY DELIVERED TO THE
AGENT PURSUANT TO SECTION 6.1.3 PRIOR TO THE CONSUMMATION OF SUCH PERMITTED
ACQUISITION (GIVING EFFECT TO EACH OF THE ADJUSTMENTS DESCRIBED ABOVE AS IF MADE
ON THE FIRST DAY OF SUCH PERIOD); AND

 

(VI)          PRIOR TO, OR WITH RESPECT TO CLAUSES (A) AND (B) BELOW,
CONCURRENTLY WITH, THE CONSUMMATION OF, EACH SUCH PERMITTED ACQUISITION, THE
BORROWER SHALL DELIVER TO THE AGENT A DOCUMENTATION, INFORMATION AND
CERTIFICATION PACKAGE IN FORM AND SUBSTANCE REASONABLY ACCEPTABLE TO THE AGENT,
INCLUDING, WITHOUT LIMITATION;

 

(A)          in the case of an Acquisition by or of a Domestic Subsidiary, the
Collateral Documents necessary for the perfection of a first priority security
interest (subject to Liens permitted under Section 6.15, provided

 

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that nothing herein shall be deemed to constitute an agreement to subordinate
any of the Liens of the Agent under the Loan Documents to any Liens otherwise
permitted under Section 6.15 (other than Permitted Priority Liens)) in all of
the assets to be acquired or the equity interests and assets of the entity to be
acquired, or, in the case of the Acquisition of a Material Foreign Subsidiary,
all of the applicable Collateral Documents required by Section 6.23, together
with opinions of counsel, if requested by the Agent, in each case in form and
substance reasonably acceptable to the Agent;

 

(B)           a supplement to the Guaranty if the Permitted Acquisition is an
Acquisition of equities and the target company would qualify as a Domestic
Subsidiary after the Acquisition but will not be merged with the Borrower or any
existing Domestic Subsidiary;

 

(C)           with respect to each Permitted Acquisition the Purchase Price of
which shall be greater than $75,000,000, the financial statements of the target
entity, if any, delivered by the seller(s) to the purchaser;

 

(D)          a copy of the acquisition agreement for such Acquisition, together
with drafts of the material schedules thereto;

 

(E)           a copy of all documents, instruments and agreements with respect
to any Indebtedness to be incurred or assumed in connection with such
Acquisition; and

 

(F)           such other documents or information as shall be reasonably
requested by the Agent or any Lender.

 

6.13.6  INVESTMENTS CONSTITUTING PROMISSORY NOTES AND OTHER NON-CASH
CONSIDERATION RECEIVED IN CONNECTION WITH ANY TRANSFER OF ASSETS PERMITTED UNDER
SECTION 6.12.10.

 

6.13.7  INVESTMENTS (X) CONSTITUTING CUSTOMER ADVANCES NOT TO EXCEED $20,000,000
AT ANY ONE TIME OUTSTANDING AND (Y) ARISING AS A RESULT OF ANY REQUIRED PAYMENT
UNDER ANY PERMITTED CUSTOMER FINANCING GUARANTY.

 

6.13.8  EXTENSIONS OF TRADE CREDIT IN THE ORDINARY COURSE OF BUSINESS CONSISTENT
WITH THE PARENT’S, THE BORROWER’S AND THE SUBSIDIARIES’ PAST PRACTICES.

 

6.13.9  INVESTMENTS CONSTITUTING RATE MANAGEMENT TRANSACTIONS PERMITTED UNDER
SECTION 6.17.

 

6.13.10  SUBJECT TO SECTION 6.25, ADDITIONAL INVESTMENTS IN TOPCO.

 

6.13.11  SUBJECT TO SECTION 6.24, THE CREATION OR FORMATION OF NEW SUBSIDIARIES
(AS OPPOSED TO THE ACQUISITION OF NEW SUBSIDIARIES), SO LONG AS ALL APPLICABLE
REQUIREMENTS UNDER SECTION 6.23 SHALL HAVE BEEN, OR CONCURRENTLY THEREWITH ARE,
SATISFIED.

 

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6.13.12  INVESTMENTS CONSTITUTING EXPENDITURES FOR ANY PURCHASE OR OTHER
ACQUISITION OF ANY ASSET WHICH WOULD BE CLASSIFIED AS A FIXED OR CAPITAL ASSET
ON A CONSOLIDATED BALANCE SHEET OF THE PARENT AND ITS SUBSIDIARIES PREPARED IN
ACCORDANCE WITH AGREEMENT ACCOUNTING PRINCIPLES TO THE EXTENT OTHERWISE
PERMITTED UNDER THIS AGREEMENT.

 

6.13.13  INVESTMENTS BY (I) THE PARENT AND ITS SUBSIDIARIES IN ANY CREDIT PARTY,
(II) ANY SUBSIDIARY WHICH IS NOT A GUARANTOR AND IS NOT REQUIRED TO BE A
GUARANTOR IN ANY OTHER SUBSIDIARY WHICH IS NOT A GUARANTOR AND IS NOT REQUIRED
TO BE A GUARANTOR AND (III) SUBJECT TO SECTION 6.24, ANY CREDIT PARTY IN ANY
FOREIGN SUBSIDIARY.

 

6.13.14  DEPOSITS MADE IN THE ORDINARY COURSE OF BUSINESS AND REFERRED TO IN
SECTIONS 6.15.4, 6.15.6 AND 6.15.7.

 

6.13.15  INVESTMENTS IN CONNECTION WITH ANY RECEIVABLES PURCHASE FACILITY
PERMITTED UNDER THIS AGREEMENT.

 

6.13.16  ADDITIONAL INVESTMENTS IN AN AMOUNT NOT TO EXCEED $20,000,000 AT ANY
ONE TIME OUTSTANDING.

 

6.14.        INDEBTEDNESS.  THE PARENT AND THE BORROWER WILL NOT, NOR WILL THEY
PERMIT ANY SUBSIDIARY TO, CREATE, INCUR OR SUFFER TO EXIST ANY INDEBTEDNESS,
EXCEPT:

 

6.14.1  THE OBLIGATIONS.

 

6.14.2  INDEBTEDNESS EXISTING ON THE RESTATEMENT EFFECTIVE DATE AND DESCRIBED IN
SCHEDULE 6.14, AND ANY REPLACEMENT, RENEWAL, REFINANCING OR EXTENSION OF ANY
SUCH INDEBTEDNESS THAT (I) DOES NOT EXCEED THE AGGREGATE PRINCIPAL AMOUNT (PLUS
ACCRUED INTEREST AND ANY APPLICABLE PREMIUM AND ASSOCIATED FEES AND EXPENSES) OF
THE INDEBTEDNESS BEING REPLACED, RENEWED, REFINANCED OR EXTENDED, (II) DOES NOT
HAVE A WEIGHTED AVERAGE LIFE TO MATURITY AT THE TIME OF SUCH REPLACEMENT,
RENEWAL, REFINANCING OR EXTENSION THAT IS LESS THAN THE WEIGHTED AVERAGE LIFE TO
MATURITY OF THE INDEBTEDNESS BEING REPLACED, RENEWED, REFINANCED OR EXTENDED AND
(III) DOES NOT RANK AT THE TIME OF SUCH REPLACEMENT, RENEWAL, REFINANCING OR
EXTENSION SENIOR TO THE INDEBTEDNESS BEING REPLACED, RENEWED, REFINANCED OR
EXTENDED.

 

6.14.3  INDEBTEDNESS ARISING UNDER RATE MANAGEMENT TRANSACTIONS;

 

6.14.4  AMOUNTS OWING UNDER RECEIVABLES PURCHASE FACILITIES WHICH IN THE
AGGREGATE AT ANY TIME DO NOT EXCEED $275,000,000.

 

6.14.5  SECURED OR UNSECURED PURCHASE MONEY INDEBTEDNESS (INCLUDING CAPITALIZED
LEASES) INCURRED BY THE PARENT, THE BORROWER OR ANY SUBSIDIARY AFTER THE
RESTATEMENT EFFECTIVE DATE TO FINANCE THE ACQUISITION OF ASSETS USED IN ITS
BUSINESS, IF (I) SUCH INDEBTEDNESS DOES NOT EXCEED THE LOWER OF THE FAIR MARKET
VALUE OR THE COST OF THE APPLICABLE FIXED ASSETS (AND RELATED SERVICES PURCHASED
AND ANCILLARY EXPENSES INCURRED IN CONNECTION THEREWITH) ON THE DATE ACQUIRED,
(II) SUCH INDEBTEDNESS DOES NOT EXCEED $25,000,000 IN THE AGGREGATE OUTSTANDING
AT ANY TIME, AND (III) ANY LIEN SECURING SUCH

 

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INDEBTEDNESS IS PERMITTED UNDER SECTION 6.15 (SUCH INDEBTEDNESS BEING REFERRED
TO HEREIN AS “PERMITTED PURCHASE MONEY INDEBTEDNESS”).

 

6.14.6  INDEBTEDNESS ARISING FROM INTERCOMPANY LOANS AND ADVANCES MADE BY
(I) THE PARENT OR ANY SUBSIDIARY TO ANY CREDIT PARTY, (II) ANY SUBSIDIARY THAT
IS NOT A GUARANTOR TO ANY OTHER SUBSIDIARY THAT IS NOT A GUARANTOR,
(III) SUBJECT TO SECTION 6.24, ANY CREDIT PARTY TO ANY FOREIGN SUBSIDIARY OR
(IV) SUBJECT TO SECTION 6.25, ANY CREDIT PARTY TO TOPCO; PROVIDED THAT ALL SUCH
INDEBTEDNESS SHALL BE EXPRESSLY SUBORDINATED TO THE SECURED OBLIGATIONS.

 

6.14.7  INDEBTEDNESS INCURRED OR ASSUMED BY THE PARENT, THE BORROWER OR ANY
SUBSIDIARY IN CONNECTION WITH A PERMITTED ACQUISITION BUT NOT CREATED IN
CONTEMPLATION OF SUCH EVENT.

 

6.14.8  INDEBTEDNESS CONSTITUTING CONTINGENT OBLIGATIONS OTHERWISE PERMITTED BY
SECTION 6.19.

 

6.14.9  INDEBTEDNESS UNDER (I) PERFORMANCE BONDS AND SURETY BONDS AND (II) BANK
OVERDRAFTS OUTSTANDING FOR NOT MORE THAN TWO (2) BUSINESS DAYS, IN EACH CASE
INCURRED IN THE ORDINARY COURSE OF BUSINESS.

 

6.14.10  TO THE EXTENT THE SAME CONSTITUTES INDEBTEDNESS, OBLIGATIONS IN RESPECT
OF EARN-OUT ARRANGEMENTS PERMITTED PURSUANT TO A PERMITTED ACQUISITION.

 

6.14.11  SUBORDINATED INDEBTEDNESS (INCLUDING (A) SENIOR SUBORDINATED DEBENTURES
OR NOTES (WHICH MAY BE GUARANTEED BY THE PARENT AND THE BORROWER’S SUBSIDIARIES)
ISSUED TO FINANCE THE PURCHASE PRICE OF ANY PERMITTED ACQUISITION AND
(B) INDEBTEDNESS OF THE BORROWER AND ITS SUBSIDIARIES OWING TO THE SELLER IN ANY
PERMITTED ACQUISITION), SO LONG AS (I) NO DEFAULT OR UNMATURED DEFAULT SHALL BE
CONTINUING AS OF THE DATE OF ISSUANCE THEREOF AND THE BORROWER SHALL HAVE
DELIVERED TO THE AGENT A PRO FORMA CONSOLIDATED BALANCE SHEET, INCOME STATEMENT
AND CASH FLOW STATEMENT OF THE PARENT AND THE SUBSIDIARIES (THE “DEBT INCURRENCE
PRO FORMA”), BASED ON THE PARENT’S MOST RECENT FINANCIAL STATEMENTS DELIVERED
PURSUANT TO SECTION 6.1 AND TAKING INTO ACCOUNT THE ISSUANCE OF SUCH
INDEBTEDNESS (AND THE USE OF THE PROCEEDS THEREOF), AND SUCH DEBT INCURRENCE PRO
FORMA SHALL REFLECT THAT, ON A PRO FORMA BASIS, THE PARENT WOULD HAVE BEEN IN
COMPLIANCE WITH THE FINANCIAL COVENANTS SET FORTH IN SECTIONS 6.21, 6.22 AND
6.23 FOR THE FOUR FISCAL QUARTER PERIOD REFLECTED IN THE COMPLIANCE CERTIFICATE
MOST RECENTLY DELIVERED TO THE AGENT PURSUANT TO SECTION 6.1.3 PRIOR TO THE
ISSUANCE AND USE OF THE PROCEEDS OF SUCH INDEBTEDNESS (GIVING EFFECT TO THE
ISSUANCE OF SUCH INDEBTEDNESS (AND THE USE OF THE PROCEEDS THEREOF) AS IF MADE
ON THE FIRST DAY OF SUCH PERIOD) AND (II) SUCH SUBORDINATED INDEBTEDNESS IS
UNSECURED, SHALL HAVE A MATURITY DATE NO EARLIER THAN THE FACILITY TERMINATION
DATE, SHALL NOT PROVIDE FOR ANY VOLUNTARY OR MANDATORY PRINCIPAL PREPAYMENTS OR
AMORTIZATION PRIOR TO THE FACILITY TERMINATION DATE, AND SHALL HAVE TERMS IN
RESPECT OF INTEREST RATE, COVENANTS, DEFAULTS AND SUBORDINATION REASONABLY
ACCEPTABLE TO THE AGENT.

 

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6.14.12  ADDITIONAL INDEBTEDNESS (INCLUDING INDEBTEDNESS ARISING FROM AGREEMENTS
WITH ANY GOVERNMENTAL AUTHORITY OR PUBLIC SUBDIVISION OR AGENCY THEREOF RELATING
TO THE CONSTRUCTION OF BUILDINGS, AND THE PURCHASE AND INSTALLATION OF
EQUIPMENT, TO BE USED IN THE BUSINESS OF THE PARENT AND ITS SUBSIDIARIES) IN AN
AGGREGATE OUTSTANDING PRINCIPAL AMOUNT NOT TO EXCEED $40,000,000 AT ANY TIME.

 

6.15.        LIENS.  THE PARENT AND THE BORROWER WILL NOT, NOR WILL THEY PERMIT
ANY SUBSIDIARY TO, CREATE, INCUR, OR SUFFER TO EXIST ANY LIEN IN, OF OR ON THE
PROPERTY OF THE PARENT, THE BORROWER OR ANY SUBSIDIARY, EXCEPT:

 

6.15.1  LIENS, IF ANY, SECURING SECURED OBLIGATIONS.

 

6.15.2  LIENS FOR TAXES, ASSESSMENTS OR GOVERNMENTAL CHARGES OR LEVIES ON ITS
PROPERTY TO THE EXTENT NON-PAYMENT OF SUCH TAXES IS OTHERWISE PERMITTED BY THIS
AGREEMENT.

 

6.15.3  LIENS IMPOSED BY LAW, SUCH AS LANDLORDS’, WAGE EARNERS’, CARRIERS’,
WAREHOUSEMEN’S AND MECHANICS’ LIENS AND OTHER SIMILAR LIENS ARISING IN THE
ORDINARY COURSE OF BUSINESS WHICH SECURE PAYMENT OF OBLIGATIONS NOT MORE THAN 45
DAYS PAST DUE OR WHICH ARE BEING CONTESTED IN GOOD FAITH BY APPROPRIATE
PROCEEDINGS AND FOR WHICH ADEQUATE RESERVES IN ACCORDANCE WITH AGREEMENT
ACCOUNTING PRINCIPLES SHALL HAVE BEEN SET ASIDE ON ITS BOOKS.

 

6.15.4  LIENS ARISING OUT OF PLEDGES OR DEPOSITS UNDER WORKER’S COMPENSATION
LAWS, UNEMPLOYMENT INSURANCE, OLD AGE PENSIONS, OR OTHER SOCIAL SECURITY OR
RETIREMENT BENEFITS, OR SIMILAR LEGISLATION.

 

6.15.5  LIENS EXISTING ON THE RESTATEMENT EFFECTIVE DATE AND DESCRIBED IN
SCHEDULE 6.15.

 

6.15.6  DEPOSITS SECURING LIABILITY TO INSURANCE CARRIERS UNDER INSURANCE OR
SELF-INSURANCE ARRANGEMENTS.

 

6.15.7  DEPOSITS TO SECURE THE PERFORMANCE OF BIDS, TRADE CONTRACTS (OTHER THAN
FOR BORROWED MONEY), LEASES, STATUTORY OBLIGATIONS, SURETY AND APPEAL BONDS,
PERFORMANCE BONDS AND OTHER OBLIGATIONS OF A LIKE NATURE INCURRED IN THE
ORDINARY COURSE OF BUSINESS.

 

6.15.8  EASEMENTS, RESERVATIONS, RIGHTS-OF-WAY, RESTRICTIONS, SURVEY EXCEPTIONS
AND OTHER SIMILAR ENCUMBRANCES AND MINOR TITLE IMPERFECTIONS AS TO REAL PROPERTY
OF THE PARENT, THE BORROWER AND THE SUBSIDIARIES WHICH, IN THE AGGREGATE, ARE
NOT MATERIAL IN AMOUNT AND THAT DO NOT MATERIALLY INTERFERE WITH THE ORDINARY
CONDUCT OF THE BUSINESS OF THE PARENT, THE BORROWER OR SUCH SUBSIDIARY CONDUCTED
AT THE PROPERTY SUBJECT THERETO.

 

6.15.9  LIENS ARISING BY REASON OF ANY JUDGMENT, DECREE OR ORDER OF ANY COURT OR
OTHER GOVERNMENTAL AUTHORITY, BUT ONLY TO THE EXTENT AND FOR AN AMOUNT AND FOR A
PERIOD NOT RESULTING IN DEFAULT UNDER SECTION 7.8.

 

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6.15.10  LIENS ARISING IN CONNECTION WITH A RECEIVABLES PURCHASE FACILITY
PERMITTED UNDER SECTION 6.14.4.

 

6.15.11  LIENS EXISTING ON ANY SPECIFIC FIXED ASSET OF ANY SUBSIDIARY OF THE
BORROWER AT THE TIME SUCH SUBSIDIARY BECOMES A SUBSIDIARY AND NOT CREATED IN
CONTEMPLATION OF SUCH EVENT.

 

6.15.12  LIENS ON ANY SPECIFIC FIXED ASSET SECURING INDEBTEDNESS INCURRED OR
ASSUMED FOR THE PURPOSE OF FINANCING OR REFINANCING ALL OR ANY PART OF THE COST
OF ACQUIRING OR CONSTRUCTING SUCH ASSET; PROVIDED THAT SUCH LIEN ATTACHES TO
SUCH ASSET CONCURRENTLY WITH OR WITHIN SIX (6) MONTHS AFTER THE ACQUISITION OR
COMPLETION OR CONSTRUCTION THEREOF.

 

6.15.13  LIENS EXISTING ON ANY SPECIFIC FIXED ASSET OF ANY SUBSIDIARY OF THE
BORROWER AT THE TIME SUCH SUBSIDIARY IS MERGED OR CONSOLIDATED WITH OR INTO THE
BORROWER OR ANY OTHER SUBSIDIARY AND NOT CREATED IN CONTEMPLATION OF SUCH EVENT.

 

6.15.14  LIENS EXISTING ON ANY SPECIFIC FIXED ASSET PRIOR TO THE ACQUISITION
THEREOF BY THE BORROWER OR ANY SUBSIDIARY AND NOT CREATED IN CONTEMPLATION
THEREOF; PROVIDED THAT SUCH LIENS DO NOT ENCUMBER ANY OTHER PROPERTY OR ASSETS,
OTHER THAN IMPROVEMENTS THEREON AND PROCEEDS THEREOF.

 

6.15.15  LIENS ARISING OUT OF THE REFINANCING, EXTENSION, RENEWAL OR REFUNDING
OF ANY INDEBTEDNESS SECURED BY ANY LIEN PERMITTED UNDER SECTIONS 6.15.5 AND
6.15.11 THROUGH 6.15.14; PROVIDED THAT (I) SUCH INDEBTEDNESS IS NOT SECURED BY
ANY ADDITIONAL ASSETS, OTHER THAN IMPROVEMENTS THEREON AND PROCEEDS THEREOF, AND
(II) THE AMOUNT OF SUCH INDEBTEDNESS SECURED BY ANY SUCH LIEN IS NOT INCREASED.

 

6.15.16  LIENS SECURING PERMITTED PURCHASE MONEY INDEBTEDNESS; PROVIDED THAT
SUCH LIENS SHALL NOT APPLY TO ANY PROPERTY OF THE PARENT, THE BORROWER OR ANY
SUBSIDIARY OTHER THAN THAT PURCHASED WITH THE PROCEEDS OF SUCH PERMITTED
PURCHASE MONEY INDEBTEDNESS OTHER THAN IMPROVEMENTS THEREON AND PROCEEDS
THEREOF.

 

6.15.17  LIENS IN RESPECT OF CAPITALIZED LEASE OBLIGATIONS TO THE EXTENT
PERMITTED HEREUNDER AND LIENS ARISING UNDER ANY EQUIPMENT, FURNITURE OR FIXTURES
LEASES OR PROPERTY CONSIGNMENTS TO THE PARENT, THE BORROWER OR ANY SUBSIDIARY
FOR WHICH THE FILING OF A PRECAUTIONARY FINANCING STATEMENT IS PERMITTED UNDER
THE COLLATERAL DOCUMENTS.

 

6.15.18  LICENSES, LEASES OR SUBLEASES GRANTED TO OTHERS IN THE ORDINARY COURSE
OF BUSINESS CONSISTENT WITH THE PARENT’S, THE BORROWER’S AND THE SUBSIDIARIES’
PAST PRACTICES THAT DO NOT MATERIALLY INTERFERE WITH THE CONDUCT OF THE BUSINESS
OF THE PARENT, THE BORROWER AND THE SUBSIDIARIES TAKEN AS A WHOLE.

 

6.15.19  STATUTORY AND CONTRACTUAL LANDLORDS’ LIENS UNDER LEASES TO WHICH THE
PARENT, THE BORROWER OR ANY SUBSIDIARY IS A PARTY.

 

6.15.20  LIENS IN FAVOR OF A BANKING INSTITUTION ARISING AS A MATTER OF
APPLICABLE LAW ENCUMBERING DEPOSITS (INCLUDING THE RIGHT OF SET-OFF) HELD BY
SUCH BANKING

 

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INSTITUTIONS INCURRED IN THE ORDINARY COURSE OF BUSINESS AND WHICH ARE WITHIN
THE GENERAL PARAMETERS CUSTOMARY IN THE BANKING INDUSTRY.

 

6.15.21  LIENS IN FAVOR OF CUSTOMS AND REVENUE AUTHORITIES ARISING AS A MATTER
OF APPLICABLE LAW TO SECURE THE PAYMENT OF CUSTOMS’ DUTIES IN CONNECTION WITH
THE IMPORTATION OF GOODS.

 

6.15.22  ANY INTEREST OR TITLE OF A LESSOR, SUBLESSOR, LICENSEE OR LICENSOR
UNDER ANY LEASE OR LICENSE AGREEMENT PERMITTED BY THIS AGREEMENT.

 

6.15.23  LIENS ENCUMBERING CASH DEPOSITS IN AN AMOUNT NOT TO EXCEED $30,000,000
TO SECURE PERMITTED CUSTOMER FINANCING GUARANTEES.

 

6.15.24  LIENS NOT OTHERWISE PERMITTED UNDER THIS SECTION 6.15 TO THE EXTENT
ATTACHING TO PROPERTIES AND ASSETS WITH AN AGGREGATE FAIR MARKET VALUE NOT IN
EXCESS OF, AND SECURING LIABILITIES NOT IN EXCESS OF $15,000,000, IN THE
AGGREGATE AT ANY ONE TIME OUTSTANDING.

 

6.16.        AFFILIATES.  EXCEPT AS OTHERWISE PERMITTED BY THIS AGREEMENT, THE
PARENT AND THE BORROWER WILL NOT ENTER INTO, DIRECTLY OR INDIRECTLY, OR PERMIT
ANY SUBSIDIARY TO ENTER INTO, DIRECTLY OR INDIRECTLY, ANY TRANSACTION
(INCLUDING, WITHOUT LIMITATION, THE PURCHASE OR SALE OF ANY PROPERTY OR SERVICE)
WITH, OR MAKE ANY PAYMENT OR TRANSFER TO, ANY AFFILIATE (OTHER THAN THE PARENT
AND, SUBJECT TO SECTION 6.24 AND SECTION 6.25, ITS SUBSIDIARIES) EXCEPT IN THE
ORDINARY COURSE OF BUSINESS AND PURSUANT TO THE REASONABLE REQUIREMENTS OF THE
PARENT’S, THE BORROWER’S OR SUCH SUBSIDIARY’S BUSINESS AND UPON FAIR AND
REASONABLE TERMS NO LESS FAVORABLE TO THE PARENT, THE BORROWER OR SUCH
SUBSIDIARY THAN THE PARENT, THE BORROWER OR SUCH SUBSIDIARY WOULD OBTAIN IN A
COMPARABLE ARM’S-LENGTH TRANSACTION, EXCEPT THAT ANY AFFILIATE WHO IS AN
INDIVIDUAL MAY SERVE AS A DIRECTOR, OFFICER, EMPLOYEE OR CONSULTANT OF THE
PARENT OR ANY OF ITS SUBSIDIARIES AND MAY RECEIVE REASONABLE COMPENSATION FOR
HIS OR HER SERVICES IN SUCH CAPACITY.

 

6.17.        FINANCIAL CONTRACTS.  THE PARENT AND THE BORROWER WILL NOT, NOR
WILL THEY PERMIT ANY SUBSIDIARY TO, ENTER INTO OR REMAIN LIABLE UPON ANY RATE
MANAGEMENT TRANSACTIONS EXCEPT FOR THOSE ENTERED INTO (I) BY THE BORROWER AND IT
SUBSIDIARIES IN THE ORDINARY COURSE OF BUSINESS FOR BONA FIDE HEDGING PURPOSES
AND NOT FOR SPECULATIVE PURPOSES AND (II) BY ANY SPV IN CONNECTION WITH A
RECEIVABLES PURCHASE FACILITY PERMITTED HEREUNDER.

 

6.18.        SUBSIDIARY COVENANTS.  THE PARENT AND THE BORROWER WILL NOT, AND
WILL NOT PERMIT ANY SUBSIDIARY (OTHER THAN ANY SPV) TO, CREATE OR OTHERWISE
CAUSE TO BECOME EFFECTIVE ANY CONSENSUAL ENCUMBRANCE OR RESTRICTION OF ANY KIND
ON THE ABILITY OF ANY SUBSIDIARY (OTHER THAN ANY SPV) (I) TO PAY DIVIDENDS OR
MAKE ANY OTHER DISTRIBUTION ON ITS STOCK, (II) TO PAY ANY INDEBTEDNESS OR OTHER
OBLIGATION OWED TO THE PARENT, THE BORROWER OR ANY SUBSIDIARY, (III) TO MAKE
LOANS OR ADVANCES OR OTHER INVESTMENTS IN THE PARENT, THE BORROWER OR ANY
SUBSIDIARY, OR (IV) TO SELL, TRANSFER OR OTHERWISE CONVEY ANY OF ITS PROPERTY TO
THE PARENT, THE BORROWER OR ANY SUBSIDIARY, EXCEPT FOR SUCH ENCUMBRANCES OR
RESTRICTIONS EXISTING UNDER OR BY REASON OF (A) THIS AGREEMENT AND THE OTHER
LOAN DOCUMENTS, (B) DOCUMENTS GOVERNING INDEBTEDNESS PERMITTED UNDER
SECTION 16.14.11, (C) CUSTOMARY PROVISIONS RESTRICTING SUBLETTING OR ASSIGNMENT
OF ANY LEASE GOVERNING ANY LEASEHOLD INTEREST OF THE PARENT OR ANY OF ITS
SUBSIDIARIES, (D) CUSTOMARY

 

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PROVISIONS RESTRICTING ASSIGNMENT OF ANY LICENSING AGREEMENT OR OTHER CONTRACT
ENTERED INTO BY PARENT AND ITS SUBSIDIARIES IN THE ORDINARY COURSE OF BUSINESS,
(E) RESTRICTIONS ON THE TRANSFER OF ANY ASSET PENDING THE CLOSE OF THE SALE OF
SUCH ASSET AND (F) RESTRICTIONS ON THE TRANSFER OF ANY ASSETS SUBJECT TO A LIEN
PERMITTED BY SECTION 6.15.

 

6.19.        CONTINGENT OBLIGATIONS.  THE PARENT AND THE BORROWER WILL NOT, NOR
WILL THEY PERMIT ANY SUBSIDIARY TO, MAKE OR SUFFER TO EXIST ANY CONTINGENT
OBLIGATION (INCLUDING, WITHOUT LIMITATION, ANY CONTINGENT OBLIGATION WITH
RESPECT TO THE OBLIGATIONS OF A SUBSIDIARY), EXCEPT CONTINGENT OBLIGATIONS
ARISING WITH RESPECT TO (I) THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS,
(II) CUSTOMARY INDEMNIFICATION OBLIGATIONS IN FAVOR OF PURCHASERS IN CONNECTION
WITH ASSET DISPOSITIONS PERMITTED HEREUNDER, (III) CUSTOMARY INDEMNIFICATION
OBLIGATIONS UNDER SUCH PERSON’S CHARTER AND BYLAWS (OR EQUIVALENT FORMATION
DOCUMENTS), (IV) INDEMNITIES IN FAVOR OF THE PERSONS ISSUING TITLE INSURANCE
POLICIES INSURING THE TITLE TO ANY PROPERTY, (V) GUARANTEES OF (A) REAL PROPERTY
LEASES AND (B) PERSONAL PROPERTY OPERATING LEASES, IN EACH CASE ENTERED INTO IN
THE ORDINARY COURSE OF BUSINESS BY THE PARENT OR ANY OF THE SUBSIDIARIES,
(VI) OTHER CONTINGENT OBLIGATIONS CONSTITUTING GUARANTEES OF INDEBTEDNESS
PERMITTED UNDER SECTION 6.14, PROVIDED THAT TO THE EXTENT SUCH INDEBTEDNESS IS
SUBORDINATED TO THE SECURED OBLIGATIONS EACH SUCH CONTINGENT OBLIGATION SHALL BE
SUBORDINATED TO THE SECURED OBLIGATIONS ON TERMS REASONABLY ACCEPTABLE TO THE
AGENT, (VII) NON-FINANCIAL INDEMNITIES AND GUARANTEES OF PERFORMANCE MADE IN THE
ORDINARY COURSE OF BUSINESS BY THE PARENT OR ANY SUBSIDIARY THAT WOULD NOT,
INDIVIDUALLY OR IN THE AGGREGATE, HAVE A MATERIAL ADVERSE EFFECT AND
(VIII) PERMITTED CUSTOMER FINANCING GUARANTEES.

 

6.20.        LEVERAGE RATIO.  THE PARENT AND THE BORROWER WILL NOT PERMIT THE
RATIO (THE “LEVERAGE RATIO”), DETERMINED AS OF THE END OF EACH OF ITS FISCAL
QUARTERS, OF (I) CONSOLIDATED FUNDED INDEBTEDNESS TO (II) CONSOLIDATED EBITDA
FOR THE THEN MOST-RECENTLY ENDED FOUR FISCAL QUARTERS TO BE GREATER THAN 3.00 TO
1.00.  THE LEVERAGE RATIO SHALL BE CALCULATED AS OF THE LAST DAY OF EACH FISCAL
QUARTER OF THE PARENT BASED UPON (A) FOR CONSOLIDATED FUNDED INDEBTEDNESS,
CONSOLIDATED FUNDED INDEBTEDNESS AS OF THE LAST DAY OF EACH SUCH FISCAL QUARTER
AND (B) FOR CONSOLIDATED EBITDA, THE ACTUAL AMOUNT AS OF THE LAST DAY OF EACH
FISCAL QUARTER FOR THE MOST RECENTLY ENDED FOUR CONSECUTIVE FISCAL QUARTERS;
PROVIDED THAT THE LEVERAGE RATIO SHALL BE CALCULATED, WITH RESPECT TO PERMITTED
ACQUISITIONS, ON A PRO FORMA BASIS REASONABLY SATISFACTORY TO THE AGENT, BROKEN
DOWN BY FISCAL QUARTER IN THE PARENT’S REASONABLE JUDGMENT.

 

6.21.        MINIMUM CONSOLIDATED NET WORTH.  THE PARENT AND THE BORROWER WILL
AT ALL TIMES MAINTAIN CONSOLIDATED NET WORTH OF NOT LESS THAN (I) $600,000,000
MINUS (II) AMOUNTS EXPENDED BY PARENT ON OR AFTER AUGUST 1, 2005 IN CONNECTION
WITH REPURCHASES OR REDEMPTIONS OF ITS CAPITAL STOCK UNDER SECTION 6.10  PLUS
(III) 50% OF CONSOLIDATED NET INCOME (IF POSITIVE) EARNED IN EACH FISCAL QUARTER
BEGINNING WITH THE FISCAL QUARTER ENDING JUNE 30, 2005, PLUS (IV) 50% OF THE NET
CASH PROCEEDS RESULTING FROM ISSUANCES OF THE PARENT’S OR ANY SUBSIDIARY’S
CAPITAL STOCK.

 

6.22.        CAPITAL EXPENDITURES.  THE PARENT AND THE BORROWER WILL NOT, NOR
WILL THEY PERMIT ANY SUBSIDIARY TO EXPEND, FOR CONSOLIDATED CAPITAL EXPENDITURES
IN THE ACQUISITION OF FIXED ASSETS IN ANY FISCAL YEAR IN THE AGGREGATE FOR THE
PARENT AND ITS SUBSIDIARIES, IN EXCESS OF (I) $75,000,000 FOR THE PERIOD FROM
JANUARY 1, 2005 THROUGH DECEMBER 31, 2005; AND (II) $75,000,000 FOR THE PERIOD
FROM JANUARY 1 THROUGH DECEMBER 31 FOR EACH FISCAL YEAR THEREAFTER, PLUS ANY
AMOUNT PERMITTED TO BE EXPENDED IN THE IMMEDIATELY PRECEDING FISCAL YEAR
(PURSUANT TO

 

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THE ABSOLUTE DOLLAR LIMITATION FOR SUCH PRECEDING FISCAL YEAR AND NOT PURSUANT
TO ANY CARRYOVER PROVISION FROM A PRIOR FISCAL YEAR) BUT NOT EXPENDED.

 

6.23.        Subsidiary Collateral Documents; Subsidiary Guarantors.  The Parent
and the Borrower shall execute or shall cause to be executed:

 

(i)            on the date any Person becomes a Subsidiary of the Parent, if
such Subsidiary is a Domestic Subsidiary, (a) a supplement to the Security
Agreement in favor of the Agent for the benefit of the Holders of Secured
Obligations with respect to all of the equity interests of such Person owned by
the Parent and its Domestic Subsidiaries; (b) a supplement to the Guaranty
pursuant to which such Domestic Subsidiary (other than an SPV) shall become a
Guarantor; (c) a supplement to the Security Agreement pursuant to which such
Domestic Subsidiary (other than an SPV) shall become a grantor thereunder and
the other documents required thereby; (d) Intellectual Property Security
Agreements with respect to such Domestic Subsidiary’s (other than an SPV)
intellectual property; and (e) Collateral Documents in respect of such Domestic
Subsidiary’s (other than an SPV) real property (other than leased property) with
a fair market value greater than or equal to $2,000,000, in each case to provide
the Agent with a first priority perfected security interest therein and Lien
thereon (subject to Liens permitted under Section 6.15, provided that nothing
herein shall be deemed to constitute an agreement to subordinate any of the
Liens of the Agent under the Loan Documents to any Liens otherwise permitted
under Section 6.15 (other than Permitted Priority Liens));

 

(ii)           on the date any Person becomes a Material Foreign Subsidiary, as
soon as practicable but in any event within thirty (30) days following the date
on which such Person became a Material Foreign Subsidiary, a pledge agreement or
share mortgage in favor of the Agent for the benefit of the Holders of Secured
Obligations with respect to 65% of all of the outstanding equity interests of
such Material Foreign Subsidiary; provided, however, in the event that any such
Material Foreign Subsidiary is a Wholly-Owned Subsidiary of a Guarantor in
connection with which all of the requirements of clause (i) above have been
satisfied, and the activities of such Guarantor are limited to owning the equity
interests of its Subsidiaries, then, the Agent, at its option, may waive the
requirement for the pledge of any of the equities of such Material Foreign
Subsidiary under this clause (ii); provided, further, that if at any time any
Material Foreign Subsidiary issues or causes to be issued equity interests, such
that the aggregate amount of the equity interests of Material Foreign Subsidiary
pledged to the Agent for the benefit of the Holders of Secured Obligations is
less than 65% of all of the outstanding equity interests of such Person, the
Parent shall (A) promptly notify the Agent of such deficiency and (B) deliver or
cause to be delivered any agreements, instruments, certificates and other
documents as the Agent may reasonably request all in form and substance
reasonably satisfactory to the Agent in order to cause all of the equities of
such Material Foreign Subsidiary owned by the Parent and its Subsidiaries (but
not in excess of 65% of all of the outstanding equities thereof) to be pledged
to the Agent for the benefit of the Holders of Secured Obligations; and

 

(iii)          in either such case the Parent and the Borrower shall deliver or
cause to be delivered to the Agent all such pledge agreements, guarantees,
security agreements and

 

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other Collateral Documents, together with appropriate corporate resolutions and
other documentation (including opinions, if reasonably requested by the Agent,
UCC financing statements (and the Parent and the Borrower hereby authorize the
preparation and filing of all necessary UCC financing statements), real estate
title insurance policies, environmental reports, the stock certificates
representing the equities subject to such pledge, stock powers with respect
thereto executed in blank, and such other documents as shall be reasonably
requested to perfect the Lien of such pledge) in each case in form and substance
reasonably satisfactory to the Agent, and the Agent shall be reasonably
satisfied that it has a first priority perfected pledge of or charge over the
Collateral related thereto.

 

6.24.        FOREIGN SUBSIDIARY INVESTMENTS.  THE PARENT AND THE BORROWER WILL
NOT, NOR WILL THEY PERMIT ANY OTHER CREDIT PARTY TO, ENTER INTO OR SUFFER TO
EXIST FOREIGN SUBSIDIARY INVESTMENTS AT ANY TIME IN AN AGGREGATE AMOUNT GREATER
THAN (I) FOR ALL FOREIGN SUBSIDIARY INVESTMENTS IN CANADIAN SUBSIDIARIES, THE
SUM OF (A) $40,000,000 PLUS (B) THE AGGREGATE AMOUNT OF ALL RECEIVABLES
ATTRIBUTABLE TO CANADIAN OPERATIONS OF THE PARENT AND ITS SUBSIDIARIES AND
TRANSFERRED TO SUCH CANADIAN SUBSIDIARIES IN CONNECTION WITH THE INITIAL
CAPITALIZATION THEREOF, PROVIDED THAT THE EXCESS OVER $25,000,000 OF ALL SUCH
FOREIGN SUBSIDIARY INVESTMENTS DESCRIBED IN CLAUSE (A) ABOVE SHALL BE EVIDENCED
BY AN INTERCOMPANY NOTE ISSUED TO A CREDIT PARTY IN RESPECT OF WHICH THE AGENT
SHALL HAVE A FIRST PRIORITY SECURITY INTEREST UNDER THE COLLATERAL DOCUMENTS, OR
(II) FOR ALL OTHER FOREIGN SUBSIDIARY INVESTMENTS, $13,000,000.

 

6.25.        TOPCO INVESTMENTS.  SO LONG AS TOPCO SHALL NOT BE A GUARANTOR, THE
PARENT AND THE BORROWER WILL NOT, NOR WILL THEY PERMIT ANY OTHER CREDIT PARTY
TO, ENTER INTO OR SUFFER TO EXIST TOPCO INVESTMENTS AT ANY TIME IN AN AGGREGATE
AMOUNT GREATER THAN $1,000,000.

 

ARTICLE VII

DEFAULTS

 

The occurrence of any one or more of the following events shall constitute a
Default:

 

7.1.          ANY REPRESENTATION OR WARRANTY MADE OR DEEMED MADE BY OR ON BEHALF
OF THE PARENT, THE BORROWER OR ANY SUBSIDIARY TO THE LENDERS OR THE AGENT UNDER
OR IN CONNECTION WITH THIS AGREEMENT, ANY CREDIT EXTENSION, OR ANY CERTIFICATE
OR INFORMATION DELIVERED IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT SHALL BE FALSE IN ANY MATERIAL RESPECT ON THE DATE AS OF WHICH MADE OR
DEEMED MADE.

 

7.2.          NONPAYMENT OF (I) PRINCIPAL OF ANY REVOLVING LOAN WHEN DUE,
(II) ANY REIMBURSEMENT OBLIGATION WITHIN ONE BUSINESS DAY AFTER THE SAME BECOMES
DUE, OR (III) INTEREST UPON ANY REVOLVING LOAN OR ANY COMMITMENT FEE, LC FEE OR
OTHER OBLIGATIONS UNDER ANY OF THE LOAN DOCUMENTS WITHIN FIVE (5) BUSINESS DAYS
AFTER SUCH INTEREST, FEE OR OTHER OBLIGATION BECOMES DUE.

 

7.3.          THE BREACH BY (I) THE PARENT OR THE BORROWER OF ANY OF THE TERMS
OR PROVISIONS OF ANY OF SECTIONS 6.2 OR 6.3 OR ANY OF SECTIONS 6.10 THROUGH
6.16, INCLUSIVE, SECTIONS 6.18 THROUGH 6.22, INCLUSIVE, OR SECTIONS 6.24 OR 6.25
OR (II) BY ANY CREDIT PARTY OF ANY OF THE TERMS OR

 

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PROVISIONS OF ANY OF SECTION 4.1.1 (TO THE EXTENT THAT THE NON-COMPLIANCE
THEREWITH BY SUCH CREDIT PARTY WOULD INDEPENDENTLY GIVE RISE TO A DEFAULT UNDER
CLAUSE (I) OF THIS SECTION 7.3), 4.1.3 OR CLAUSES (I) OR (II) OF SECTION 4.1.4
OF THE SECURITY AGREEMENT.

 

7.4.          THE BREACH BY THE BORROWER (OTHER THAN A BREACH WHICH CONSTITUTES
A DEFAULT UNDER ANOTHER SECTION OF THIS ARTICLE VII) OR ANY OTHER CREDIT PARTY
OF ANY OF THE TERMS OR PROVISIONS OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
TO WHICH IT IS A PARTY WHICH IS NOT REMEDIED WITHIN (I) FIVE (5) BUSINESS DAYS
AFTER THE OCCURRENCE THEREOF WITH RESPECT TO ANY BREACH OF SECTION 6.1 AND
(II) THIRTY (30) DAYS AFTER WRITTEN NOTICE FROM THE AGENT OR ANY LENDER TO THE
BORROWER OF ANY OTHER SUCH BREACH.

 

7.5.          FAILURE OF THE PARENT, THE BORROWER OR ANY SUBSIDIARY TO PAY WHEN
DUE ANY MATERIAL INDEBTEDNESS (BEYOND THE APPLICABLE GRACE PERIOD WITH RESPECT
THERETO, IF ANY); OR THE DEFAULT BY THE PARENT, THE BORROWER OR ANY SUBSIDIARY
IN THE PERFORMANCE (BEYOND THE APPLICABLE GRACE PERIOD WITH RESPECT THERETO, IF
ANY) OF ANY TERM, PROVISION OR CONDITION CONTAINED IN ANY AGREEMENT UNDER WHICH
MATERIAL INDEBTEDNESS IS OUTSTANDING, OR ANY OTHER EVENT SHALL OCCUR OR
CONDITION EXIST, THE EFFECT OF WHICH DEFAULT, EVENT OR CONDITION IS TO CAUSE, OR
TO PERMIT THE HOLDER(S) OF SUCH MATERIAL INDEBTEDNESS OR THE LENDER(S) UNDER ANY
SUCH AGREEMENT TO CAUSE, SUCH MATERIAL INDEBTEDNESS TO BECOME DUE PRIOR TO ITS
STATED MATURITY OR ANY COMMITMENT TO LEND UNDER ANY SUCH AGREEMENT TO BE
TERMINATED PRIOR TO ITS STATED EXPIRATION DATE; OR ANY MATERIAL INDEBTEDNESS OF
THE PARENT, THE BORROWER OR ANY SUBSIDIARY SHALL BE DECLARED TO BE DUE AND
PAYABLE OR REQUIRED TO BE PREPAID OR REPURCHASED (OTHER THAN BY A REGULARLY
SCHEDULED PAYMENT OR SPECIFIED MANDATORY PREPAYMENT) PRIOR TO THE STATED
MATURITY THEREOF; OR THE PARENT, THE BORROWER OR ANY SUBSIDIARY SHALL NOT PAY,
OR ADMIT IN WRITING ITS INABILITY TO PAY, ITS DEBTS GENERALLY AS THEY BECOME
DUE.

 

7.6.          ANY CREDIT PARTY OR ANY MATERIAL FOREIGN SUBSIDIARY SHALL (I) HAVE
AN ORDER FOR RELIEF ENTERED WITH RESPECT TO IT UNDER THE FEDERAL BANKRUPTCY LAWS
AS NOW OR HEREAFTER IN EFFECT, (II) MAKE A GENERAL ASSIGNMENT FOR THE BENEFIT OF
CREDITORS, (III) APPLY FOR, SEEK, CONSENT TO, OR ACQUIESCE IN, THE APPOINTMENT
OF A RECEIVER, CUSTODIAN, TRUSTEE, EXAMINER, LIQUIDATOR OR SIMILAR OFFICIAL FOR
IT OR ANY SUBSTANTIAL PORTION OF ITS PROPERTY, (IV) INSTITUTE ANY PROCEEDING
SEEKING AN ORDER FOR RELIEF UNDER THE FEDERAL BANKRUPTCY LAWS AS NOW OR
HEREAFTER IN EFFECT OR SEEKING TO ADJUDICATE IT A BANKRUPT OR INSOLVENT, OR
SEEKING DISSOLUTION, WINDING UP, LIQUIDATION, REORGANIZATION, ARRANGEMENT,
ADJUSTMENT OR COMPOSITION OF IT OR ITS DEBTS UNDER ANY LAW RELATING TO
BANKRUPTCY, INSOLVENCY OR REORGANIZATION OR RELIEF OF DEBTORS, (V) TAKE ANY
CORPORATE OR PARTNERSHIP ACTION TO AUTHORIZE OR EFFECT ANY OF THE FOREGOING
ACTIONS SET FORTH IN THIS SECTION 7.6 OR (VI) FAIL TO CONTEST ON A TIMELY BASIS
IN GOOD FAITH ANY APPOINTMENT OR PROCEEDING DESCRIBED IN SECTION 7.7.

 

7.7.          WITHOUT THE APPLICATION, APPROVAL OR CONSENT OF ANY CREDIT PARTY
OR ANY MATERIAL FOREIGN SUBSIDIARY, A RECEIVER, TRUSTEE, EXAMINER, LIQUIDATOR OR
SIMILAR OFFICIAL SHALL BE APPOINTED FOR SUCH CREDIT PARTY OR SUCH MATERIAL
FOREIGN SUBSIDIARY OR ANY SUBSTANTIAL PORTION OF ITS PROPERTY, OR A PROCEEDING
DESCRIBED IN SECTION 7.6(IV) SHALL BE INSTITUTED AGAINST ANY CREDIT PARTY OR ANY
MATERIAL FOREIGN SUBSIDIARY AND SUCH APPOINTMENT CONTINUES UNDISCHARGED OR SUCH
PROCEEDING CONTINUES UNDISMISSED OR UNSTAYED FOR A PERIOD OF 60 CONSECUTIVE
DAYS.

 

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7.8.          THE PARENT, THE BORROWER OR ANY SUBSIDIARY SHALL FAIL WITHIN 60
DAYS TO PAY, BOND OR OTHERWISE DISCHARGE ONE OR MORE (I) JUDGMENTS OR ORDERS FOR
THE PAYMENT OF MONEY IN EXCESS OF $10,000,000 (OR THE EQUIVALENT THEREOF IN
CURRENCIES OTHER THAN DOLLARS) IN THE AGGREGATE, OR (II) NONMONETARY JUDGMENTS
OR ORDERS WHICH, INDIVIDUALLY OR IN THE AGGREGATE, WOULD REASONABLY BE EXPECTED
TO HAVE A MATERIAL ADVERSE EFFECT, WHICH JUDGMENT(S), IN ANY SUCH CASE, IS/ARE
NOT (A) STAYED ON APPEAL OR OTHERWISE BEING APPROPRIATELY CONTESTED IN GOOD
FAITH OR (B) PAID IN FULL OR OTHERWISE FULLY COVERED (SUBJECT TO ANY APPLICABLE
DEDUCTIBLE) BY THIRD-PARTY INSURERS UNDER THE PARENT’S OR ANY SUBSIDIARY’S
INSURANCE POLICIES.

 

7.9.          ANY FORMAL STEP IS TAKEN TO TERMINATE ANY PLAN, OTHER THAN A
STANDARD TERMINATION UNDER SECTION 4041(B) OF ERISA, OR A CONTRIBUTION FAILURE
HAS OCCURRED WITH RESPECT TO ANY PLAN SUFFICIENT TO GIVE RISE TO A LIEN UNDER
SECTION 302(F) OF ERISA.

 

7.10.        ANY CHANGE IN CONTROL SHALL OCCUR.

 

7.11.        THE PARENT OR ANY OTHER MEMBER OF THE CONTROLLED GROUP SHALL HAVE
BEEN NOTIFIED BY THE SPONSOR OF A MULTIEMPLOYER PLAN THAT IT HAS INCURRED,
PURSUANT TO SECTION 4201 OF ERISA, WITHDRAWAL LIABILITY TO SUCH MULTIEMPLOYER
PLAN IN AN AMOUNT WHICH, WHEN AGGREGATED WITH ALL OTHER AMOUNTS REQUIRED TO BE
PAID TO MULTIEMPLOYER PLANS BY THE PARENT OR ANY OTHER MEMBER OF THE CONTROLLED
GROUP AS WITHDRAWAL LIABILITY (DETERMINED AS OF THE DATE OF SUCH NOTIFICATION),
EXCEEDS $20,000,000.

 

7.12.        THE PARENT OR ANY OTHER MEMBER OF THE CONTROLLED GROUP SHALL HAVE
BEEN NOTIFIED BY THE SPONSOR OF A MULTIEMPLOYER PLAN THAT SUCH MULTIEMPLOYER
PLAN IS IN REORGANIZATION OR IS BEING TERMINATED, WITHIN THE MEANING OF TITLE IV
OF ERISA, IF AS A RESULT OF SUCH REORGANIZATION OR TERMINATION THE AGGREGATE
ANNUAL CONTRIBUTIONS OF THE PARENT AND THE OTHER MEMBERS OF THE CONTROLLED GROUP
(TAKEN AS A WHOLE) TO ALL MULTIEMPLOYER PLANS WHICH ARE THEN IN REORGANIZATION
OR BEING TERMINATED HAVE BEEN OR WILL BE INCREASED, IN THE AGGREGATE, OVER THE
AMOUNTS CONTRIBUTED TO SUCH MULTIEMPLOYER PLANS FOR THE RESPECTIVE PLAN YEARS OF
SUCH MULTIEMPLOYER PLANS IMMEDIATELY PRECEDING THE PLAN YEAR IN WHICH THE
REORGANIZATION OR TERMINATION OCCURS BY AN AMOUNT EXCEEDING $20,000,000.

 

7.13.        THE PARENT, THE BORROWER OR ANY SUBSIDIARY SHALL (I) BE THE SUBJECT
OF ANY PROCEEDING OR INVESTIGATION PERTAINING TO THE RELEASE BY THE PARENT, THE
BORROWER OR ANY SUBSIDIARY OR ANY OTHER PERSON OF ANY TOXIC OR HAZARDOUS WASTE
OR SUBSTANCE INTO THE ENVIRONMENT, OR (II) VIOLATE ANY ENVIRONMENTAL LAW, WHICH,
IN THE CASE OF AN EVENT DESCRIBED IN CLAUSE (I) OR CLAUSE (II), HAS RESULTED IN
LIABILITY TO THE PARENT, THE BORROWER OR ANY SUBSIDIARY IN AN AMOUNT EQUAL TO
$20,000,000 OR MORE, WHICH LIABILITY IS NOT PAID, BONDED OR OTHERWISE DISCHARGED
WITHIN 60 DAYS OR WHICH IS NOT STAYED ON APPEAL AND BEING APPROPRIATELY
CONTESTED IN GOOD FAITH.

 

7.14.        ANY LOAN DOCUMENT SHALL FAIL TO REMAIN IN FULL FORCE OR EFFECT
AGAINST ANY CREDIT PARTY PARTY THERETO (EXCEPT TO THE EXTENT SUCH CREDIT PARTY
HAS BEEN RELEASED FROM ITS OBLIGATIONS THEREUNDER IN ACCORDANCE WITH THIS
AGREEMENT OR SUCH OTHER LOAN DOCUMENT OR SUCH LOAN DOCUMENT HAS EXPIRED OR
TERMINATED IN ACCORDANCE WITH ITS TERMS) OR ANY CREDIT PARTY SHALL ASSERT THAT
ITS OBLIGATIONS THEREUNDER ARE DISCONTINUED, INVALID OR UNENFORCEABLE FOR ANY
REASON (OTHER THAN THOSE ENUMERATED IN THE FIRST PARENTHETICAL ABOVE); THE LIENS
CREATED BY THE COLLATERAL

 

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DOCUMENTS SHALL AT ANY TIME NOT CONSTITUTE A VALID AND PERFECTED LIEN ON THE
COLLATERAL INTENDED TO BE COVERED THEREBY (TO THE EXTENT PERFECTION BY FILING,
REGISTRATION, RECORDATION, OR POSSESSION IS REQUIRED HEREIN OR THEREIN) IN FAVOR
OF THE AGENT, HAVING THE PRIORITY CONTEMPLATED BY THE COLLATERAL DOCUMENTS
(EXCEPT TO THE EXTENT SUCH LIENS HAVE BEEN RELEASED IN ACCORDANCE WITH THIS
AGREEMENT OR SUCH OTHER LOAN DOCUMENT)

 

7.15.        AN EVENT (SUCH EVENT, AN “OFF-BALANCE SHEET TRIGGER EVENT”) SHALL
OCCUR WHICH (I) PERMITS THE INVESTORS OR PURCHASERS IN RESPECT OF OFF-BALANCE
SHEET LIABILITIES OF THE PARENT, ANY SUBSIDIARY OR ANY SPV TO REQUIRE THE
AMORTIZATION OR LIQUIDATION OF SUCH OFF-BALANCE SHEET LIABILITIES AS A RESULT OF
THE NON-PAYMENT OF ANY OFF-BALANCE SHEET LIABILITY HAVING AN AGGREGATE
OUTSTANDING PRINCIPAL AMOUNT (OR SIMILAR OUTSTANDING LIABILITY) GREATER THAN OR
EQUAL TO $25,000,000 AND (X) SUCH OFF-BALANCE SHEET TRIGGER EVENT SHALL NOT BE
REMEDIED OR WAIVED WITHIN THE LATER TO OCCUR OF THE TENTH DAY AFTER THE
OCCURRENCE THEREOF OR THE EXPIRY DATE OF ANY GRACE PERIOD RELATED THERETO UNDER
THE AGREEMENT EVIDENCING SUCH OFF-BALANCE SHEET LIABILITIES, OR (Y) SUCH
INVESTORS SHALL REQUIRE THE AMORTIZATION OR LIQUIDATION OF SUCH OFF-BALANCE
SHEET LIABILITIES AS A RESULT OF SUCH OFF-BALANCE SHEET TRIGGER EVENT, OR
(II) CAUSES THE REPLACEMENT OR SUBSTITUTION OF THE PARENT, ANY SUBSIDIARY OR ANY
SPV AS THE SERVICER UNDER THE AGREEMENTS EVIDENCING SUCH OFF-BALANCE SHEET
LIABILITIES; PROVIDED, HOWEVER, THAT THIS SECTION 7.15 SHALL NOT APPLY ON ANY
DATE WITH RESPECT TO (A) ANY VOLUNTARY REQUEST BY THE PARENT, ANY SUBSIDIARY OR
ANY SPV FOR AN ABOVE-DESCRIBED AMORTIZATION OR LIQUIDATION SO LONG AS THE
AFOREMENTIONED INVESTORS OR PURCHASERS CANNOT INDEPENDENTLY REQUIRE ON SUCH DATE
SUCH AMORTIZATION OR LIQUIDATION OR (B) ANY SCHEDULED AMORTIZATION OR
LIQUIDATION AT THE STATED MATURITY OF THE FACILITY EVIDENCING SUCH OFF-BALANCE
SHEET LIABILITIES.

 

ARTICLE VIII

ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES

 

8.1.          ACCELERATION.  (I) IF ANY DEFAULT DESCRIBED IN SECTION 7.6 OR 7.7
OCCURS WITH RESPECT TO ANY CREDIT PARTY, THE OBLIGATIONS OF THE LENDERS TO MAKE
REVOLVING LOANS HEREUNDER AND THE OBLIGATION AND POWER OF THE LC ISSUERS TO
ISSUE FACILITY LCS SHALL AUTOMATICALLY TERMINATE AND THE SECURED OBLIGATIONS
SHALL IMMEDIATELY BECOME DUE AND PAYABLE WITHOUT ANY ELECTION OR ACTION ON THE
PART OF THE AGENT, ANY LC ISSUER OR ANY LENDER, AND THE BORROWER WILL BE AND
BECOME THEREBY UNCONDITIONALLY OBLIGATED, WITHOUT ANY FURTHER NOTICE, ACT OR
DEMAND, TO PAY THE AGENT AN AMOUNT IN IMMEDIATELY AVAILABLE FUNDS, WHICH FUNDS
SHALL BE HELD IN THE FACILITY LC COLLATERAL ACCOUNT, EQUAL TO (X) THE AMOUNT OF
LC OBLIGATIONS AT SUCH TIME MINUS (Y) THE AMOUNT OR DEPOSIT IN THE FACILITY LC
COLLATERAL ACCOUNT AT SUCH TIME WHICH IS FREE AND CLEAR OF ALL RIGHTS AND CLAIMS
OF THIRD PARTIES AND HAS NOT BEEN APPLIED AGAINST THE OBLIGATIONS (THE
“COLLATERAL SHORTFALL AMOUNT”).  IF ANY OTHER DEFAULT OCCURS, THE REQUIRED
LENDERS (OR THE AGENT WITH THE CONSENT OF THE REQUIRED LENDERS) MAY
(A) TERMINATE OR SUSPEND THE OBLIGATIONS OF THE LENDERS TO MAKE LOANS HEREUNDER
AND THE OBLIGATION AND POWER OF THE LC ISSUERS TO ISSUE FACILITY LCS, OR DECLARE
THE SECURED OBLIGATIONS TO BE DUE AND PAYABLE, OR BOTH, WHEREUPON, IN THE CASE
OF A TERMINATION, THE SECURED OBLIGATIONS SHALL BECOME IMMEDIATELY DUE AND
PAYABLE, WITHOUT PRESENTMENT, DEMAND, PROTEST OR NOTICE OF ANY KIND, ALL OF
WHICH THE BORROWER HEREBY EXPRESSLY WAIVES AND/OR (B) UPON NOTICE TO THE
BORROWER AND IN ADDITION TO THE CONTINUING RIGHT TO DEMAND PAYMENT OF ALL
AMOUNTS PAYABLE UNDER THIS AGREEMENT, MAKE DEMAND ON THE BORROWER TO PAY, AND
THE BORROWER WILL FORTHWITH UPON SUCH DEMAND AND WITHOUT ANY FURTHER NOTICE OR
ACT

 

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PAY TO THE AGENT THE COLLATERAL SHORTFALL AMOUNT WHICH FUNDS SHALL BE DEPOSITED
IN THE FACILITY LC COLLATERAL ACCOUNT.

 

(II)           IF AT ANY TIME WHILE ANY DEFAULT IS CONTINUING, THE AGENT
DETERMINES THAT THE COLLATERAL SHORTFALL AMOUNT AT SUCH TIME IS GREATER THAN
ZERO, THE AGENT MAY MAKE DEMAND ON THE BORROWER TO PAY, AND THE BORROWER WILL,
FORTHWITH UPON SUCH DEMAND AND WITHOUT ANY FURTHER NOTICE OR ACT, PAY TO THE
AGENT THE COLLATERAL SHORTFALL AMOUNT, WHICH FUNDS SHALL BE DEPOSITED IN THE
FACILITY LC COLLATERAL ACCOUNT.

 

(III)          THE AGENT MAY AT ANY TIME OR FROM TIME TO TIME AFTER FUNDS ARE
DEPOSITED IN THE FACILITY LC COLLATERAL ACCOUNT, APPLY SUCH FUNDS TO THE PAYMENT
OF THE SECURED OBLIGATIONS AND ANY OTHER AMOUNTS AS SHALL FROM TIME TO TIME HAVE
BECOME DUE AND PAYABLE BY THE BORROWER TO THE LENDERS OR THE LC ISSUERS UNDER
THE LOAN DOCUMENTS.

 

(IV)          AT ANY TIME WHILE ANY DEFAULT IS CONTINUING, NEITHER THE BORROWER
NOR ANY PERSON CLAIMING ON BEHALF OF OR THROUGH THE BORROWER SHALL HAVE ANY
RIGHT TO WITHDRAW ANY OF THE FUNDS HELD IN THE FACILITY LC COLLATERAL ACCOUNT.
AFTER ALL OF THE SECURED OBLIGATIONS HAVE BEEN PAID IN FULL IN CASH (OR, WITH
RESPECT TO ANY REIMBURSEMENT OBLIGATIONS, THE FACILITY LCS HAVE BEEN RETURNED
AND CANCELLED OR BACK-STOPPED TO THE AGENT’S REASONABLE SATISFACTION) AND THE
AGGREGATE COMMITMENT HAS BEEN TERMINATED, ANY FUNDS REMAINING IN THE FACILITY LC
COLLATERAL ACCOUNT SHALL BE RETURNED BY THE AGENT TO THE BORROWER OR PAID TO
WHOMEVER MAY BE LEGALLY ENTITLED THERETO AT SUCH TIME.

 

(V)           IF, AFTER ACCELERATION OF THE MATURITY OF THE OBLIGATIONS OR
TERMINATION OF THE OBLIGATIONS OF THE LENDERS TO MAKE LOANS AND THE OBLIGATION
AND POWER OF THE LC ISSUERS TO ISSUE FACILITY LCS HEREUNDER AS A RESULT OF ANY
DEFAULT (OTHER THAN ANY DEFAULT AS DESCRIBED IN SECTION 7.6 OR 7.7 WITH RESPECT
TO ANY CREDIT PARTY) AND BEFORE ANY JUDGMENT OR DECREE FOR THE PAYMENT OF THE
OBLIGATIONS DUE SHALL HAVE BEEN OBTAINED OR ENTERED, THE REQUIRED LENDERS (IN
THEIR SOLE DISCRETION) SHALL SO DIRECT, THE AGENT SHALL, BY NOTICE TO THE
BORROWER, RESCIND AND ANNUL SUCH ACCELERATION AND/OR TERMINATION.

 

8.2.          AMENDMENTS.  SUBJECT TO THE PROVISIONS OF THIS SECTION 8.2, THE
REQUIRED LENDERS (OR THE AGENT WITH THE CONSENT IN WRITING OF THE REQUIRED
LENDERS) AND THE PARENT AND THE BORROWER MAY ENTER INTO AGREEMENTS SUPPLEMENTAL
HERETO FOR THE PURPOSE OF ADDING OR MODIFYING ANY PROVISIONS TO THE LOAN
DOCUMENTS OR CHANGING IN ANY MANNER THE RIGHTS OF THE LENDERS OR THE PARENT OR
THE BORROWER HEREUNDER OR THEREUNDER OR WAIVING ANY DEFAULT HEREUNDER OR
THEREUNDER; PROVIDED, HOWEVER, THAT NO SUCH SUPPLEMENTAL AGREEMENT SHALL,
WITHOUT THE CONSENT OF EACH LENDER AFFECTED THEREBY:

 

(i)            Extend the Facility Termination Date, extend the final maturity
of any Revolving Loan or extend the expiry date of any Facility LC in respect of
which the requirements of Section 2.20.11 shall not have been satisfied to a
date after the Facility Termination Date, or postpone any regularly scheduled
payment of principal of any Revolving Loan or forgive all or any portion of the
principal amount thereof, or any Reimbursement Obligation related thereto, or
reduce the rate or extend the time of payment of interest or fees thereon or
Reimbursement Obligations related thereto (other than (x) a waiver of the
application of the default rate of interest or LC Fees pursuant to

 

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Section 2.11 hereof and (y) any reduction of the amount of or any extension of
the payment date for the mandatory payments required under Section 2.2 or other
modification of Section 2.2 to reflect the issuance of Term Loans hereunder, in
each case which shall only require the approval of the Required Lenders);

 

(ii)           Except as provided in Section 2.21, increase the amount of the
Commitment of any Lender hereunder;

 

provided, further, however, that no such supplemental agreement shall, without
the consent of each Lender (which is not a defaulting Lender under the
provisions of Sections 2.19 or 9.2):

 

(a)           Other than to reflect the issuance of Term Loans hereunder on a
ratable basis, reduce the percentage specified in the definition of Required
Lenders or any other percentage of Lenders specified to be the applicable
percentage in this Agreement to act on specified matters or amend the definition
of “Pro Rata Share”;

 

(b)           Permit the Borrower to assign its rights or obligations under this
Agreement;

 

(c)           Amend this Section 8.2 other than to reflect the issuance of Term
Loans hereunder;

 

(d)           Other than in connection with a transaction permitted under this
Agreement, release the Agent’s Lien on all or substantially all of the
Collateral;

 

(e)           Amend Section 11.2 in a manner that would alter the pro rata
sharing of payments required thereby; or

 

(f)            Other than in connection with a transaction permitted under this
Agreement, release the Parent or any Guarantor from its obligations under the
Guaranty.

 

No amendment of any provision of this Agreement relating to the Agent shall be
effective without the written consent of the Agent.  The Agent may waive payment
of the fee required under Section 12.3.3 without obtaining the consent of any
other party to this Agreement.  No amendment of any provision of this Agreement
relating to the Swing Line Lender or any Swing Line Loan shall be effective
without the written consent of the Swing Line Lender.  No amendment of any
provision of this Agreement relating to any LC Issuer shall be effective without
the written consent of such LC Issuer.

 

8.3.          PRESERVATION OF RIGHTS.  NO DELAY OR OMISSION OF THE LENDERS, THE
LC ISSUERS OR THE AGENT TO EXERCISE ANY RIGHT UNDER THE LOAN DOCUMENTS SHALL
IMPAIR SUCH RIGHT OR BE CONSTRUED TO BE A WAIVER OF ANY DEFAULT OR AN
ACQUIESCENCE THEREIN, AND THE MAKING OF A CREDIT EXTENSION NOTWITHSTANDING THE
EXISTENCE OF A DEFAULT OR UNMATURED DEFAULT OR THE INABILITY OF THE BORROWER TO
SATISFY THE CONDITIONS PRECEDENT TO SUCH CREDIT EXTENSION SHALL NOT CONSTITUTE
ANY WAIVER OR ACQUIESCENCE.  ANY SINGLE OR PARTIAL EXERCISE OF ANY SUCH RIGHT
SHALL NOT PRECLUDE OTHER OR FURTHER EXERCISE THEREOF OR THE EXERCISE OF ANY
OTHER RIGHT, AND NO WAIVER, AMENDMENT OR OTHER VARIATION OF THE TERMS,
CONDITIONS OR PROVISIONS OF THE LOAN DOCUMENTS WHATSOEVER SHALL BE VALID UNLESS
IN WRITING SIGNED BY, OR BY THE AGENT WITH THE CONSENT OF, THE REQUISITE NUMBER
OF LENDERS

 

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REQUIRED PURSUANT TO SECTION 8.2, AND THEN ONLY TO THE EXTENT IN SUCH WRITING
SPECIFICALLY SET FORTH.  ALL REMEDIES CONTAINED IN THE LOAN DOCUMENTS OR BY LAW
AFFORDED SHALL BE CUMULATIVE AND ALL SHALL BE AVAILABLE TO THE AGENT, THE LC
ISSUERS AND THE LENDERS UNTIL ALL OF THE SECURED OBLIGATIONS (OTHER THAN
CONTINGENT INDEMNITY CLAIMS) HAVE BEEN PAID IN FULL.

 

ARTICLE IX

GENERAL PROVISIONS

 

9.1.          SURVIVAL OF REPRESENTATIONS.  ALL REPRESENTATIONS AND WARRANTIES
OF THE PARENT AND THE BORROWER CONTAINED IN THIS AGREEMENT SHALL SURVIVE THE
MAKING OF THE CREDIT EXTENSIONS HEREIN CONTEMPLATED.

 

9.2.          GOVERNMENTAL REGULATION.  ANYTHING CONTAINED IN THIS AGREEMENT TO
THE CONTRARY NOTWITHSTANDING, NEITHER ANY LC ISSUER NOR ANY LENDER SHALL BE
OBLIGATED TO EXTEND CREDIT TO THE BORROWER IN VIOLATION OF ANY LIMITATION OR
PROHIBITION PROVIDED BY ANY APPLICABLE STATUTE OR REGULATION.

 

9.3.          HEADINGS.  SECTION HEADINGS IN THE LOAN DOCUMENTS ARE FOR
CONVENIENCE OF REFERENCE ONLY, AND SHALL NOT GOVERN THE INTERPRETATION OF ANY OF
THE PROVISIONS OF THE LOAN DOCUMENTS.

 

9.4.          ENTIRE AGREEMENT.  THE LOAN DOCUMENTS EMBODY THE ENTIRE AGREEMENT
AND UNDERSTANDING AMONG THE BORROWER, THE PARENT, THE AGENT, THE LC ISSUERS AND
THE LENDERS AND SUPERSEDE ALL PRIOR AGREEMENTS AND UNDERSTANDINGS AMONG THE
BORROWER, THE PARENT, THE AGENT, THE LC ISSUERS AND THE LENDERS RELATING TO THE
SUBJECT MATTER THEREOF OTHER THAN THOSE CONTAINED IN THE FEE LETTER DESCRIBED IN
SECTION 10.13 WHICH SHALL SURVIVE AND REMAIN IN FULL FORCE AND EFFECT DURING THE
TERM OF THIS AGREEMENT.

 

9.5.          SEVERAL OBLIGATIONS; BENEFITS OF THIS AGREEMENT.  THE RESPECTIVE
OBLIGATIONS OF THE LENDERS HEREUNDER ARE SEVERAL AND NOT JOINT AND NO LENDER
SHALL BE THE PARTNER OR AGENT OF ANY OTHER (EXCEPT TO THE EXTENT TO WHICH THE
AGENT IS AUTHORIZED TO ACT AS SUCH).  THE FAILURE OF ANY LENDER TO PERFORM ANY
OF ITS OBLIGATIONS HEREUNDER SHALL NOT RELIEVE ANY OTHER LENDER FROM ANY OF ITS
OBLIGATIONS HEREUNDER.  THIS AGREEMENT SHALL NOT BE CONSTRUED SO AS TO CONFER
ANY RIGHT OR BENEFIT UPON ANY PERSON OTHER THAN THE PARTIES TO THIS AGREEMENT
AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS, PROVIDED, HOWEVER, THAT THE PARTIES
HERETO EXPRESSLY AGREE THAT THE ARRANGER SHALL ENJOY THE BENEFITS OF THE
PROVISIONS OF SECTIONS 9.6, 9.10 AND 10.11 TO THE EXTENT SPECIFICALLY SET FORTH
THEREIN AND SHALL HAVE THE RIGHT TO ENFORCE SUCH PROVISIONS ON ITS OWN BEHALF
AND IN ITS OWN NAME TO THE SAME EXTENT AS IF IT WERE A PARTY TO THIS AGREEMENT.

 

9.6.          EXPENSES; INDEMNIFICATION.

 

(I)            THE BORROWER SHALL REIMBURSE THE AGENT AND THE ARRANGER FOR ANY
REASONABLE OUT-OF-POCKET EXPENSES (INCLUDING REASONABLE OUTSIDE ATTORNEYS’ AND
PARALEGALS’ FEES AND EXPENSES OF AND FEES FOR OTHER ADVISORS AND PROFESSIONALS
ENGAGED BY THE AGENT OR THE ARRANGER AND, UNLESS A DEFAULT SHALL BE CONTINUING,
WITH THE CONSENT OF THE BORROWER), BUT EXCLUDING ANY COSTS, CHARGES OR EXPENSES
WITH RESPECT TO TAXES AND AMOUNTS RELATING THERETO (PAYMENT WITH RESPECT TO
WHICH SHALL BE

 

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GOVERNED SOLELY AND EXCLUSIVELY BY SECTION 3.5), PAID OR INCURRED BY THE AGENT
OR THE ARRANGER IN CONNECTION WITH THE INVESTIGATION, PREPARATION, NEGOTIATION,
DOCUMENTATION, EXECUTION, DELIVERY, SYNDICATION, DISTRIBUTION (INCLUDING,
WITHOUT LIMITATION, VIA THE INTERNET), REVIEW, AMENDMENT, MODIFICATION AND
ADMINISTRATION OF THE LOAN DOCUMENTS.  THE BORROWER ALSO AGREES TO REIMBURSE THE
AGENT, THE ARRANGER, THE LC ISSUERS AND THE LENDERS FOR ANY OUT-OF-POCKET
EXPENSES (INCLUDING OUTSIDE ATTORNEYS’ AND PARALEGALS’ FEES AND EXPENSES OF
OUTSIDE ATTORNEYS AND PARALEGALS FOR THE AGENT, THE ARRANGER, THE LC ISSUERS AND
THE LENDERS, BUT ONLY TO THE EXTENT SUCH FEES AND DISBURSEMENTS WERE INCURRED BY
ATTORNEYS IN A SINGLE LAW FIRM (AND ANY REPLACEMENT OR SUCCESSOR FIRM THEREOF)
SELECTED BY THE AGENT), BUT EXCLUDING ANY COSTS, CHARGES OR EXPENSES WITH
RESPECT TO TAXES AND AMOUNTS RELATING THERETO (PAYMENT WITH RESPECT TO WHICH
SHALL BE GOVERNED SOLELY AND EXCLUSIVELY BY SECTION 3.5), PAID OR INCURRED BY
THE AGENT, THE ARRANGER, ANY LC ISSUER OR ANY LENDER IN CONNECTION WITH THE
COLLECTION AND ENFORCEMENT OF THE LOAN DOCUMENTS.

 

(II)           THE BORROWER HEREBY FURTHER AGREES TO INDEMNIFY THE AGENT, THE
ARRANGER, EACH LC ISSUER, EACH LENDER, THEIR RESPECTIVE AFFILIATES, AND EACH OF
THEIR DIRECTORS, OFFICERS, EMPLOYEES, TRUSTEES, INVESTMENT ADVISORS, ATTORNEYS,
ADVISORS AND AGENTS AGAINST ALL LOSSES, CLAIMS, DAMAGES, PENALTIES, JUDGMENTS,
LIABILITIES AND EXPENSES (INCLUDING, WITHOUT LIMITATION, ALL EXPENSES OF
LITIGATION OR PREPARATION THEREFOR WHETHER OR NOT THE AGENT, THE ARRANGER, ANY
LC ISSUER, ANY LENDER OR ANY AFFILIATE IS A PARTY THERETO, AND ALL OUTSIDE
ATTORNEYS’ AND PARALEGALS’ FEES AND EXPENSES OF OUTSIDE ATTORNEYS AND PARALEGALS
OF THE PARTY SEEKING INDEMNIFICATION), BUT EXCLUDING ANY LOSSES, CLAIMS,
DAMAGES, PENALTIES, JUDGMENTS, LIABILITIES AND EXPENSES WITH RESPECT TO TAXES
AND AMOUNTS RELATED THERETO (PAYMENT WITH RESPECT TO WHICH SHALL BE GOVERNED
SOLELY AND EXCLUSIVELY BY SECTION 3.5), WHICH ANY OF THEM MAY PAY OR INCUR
ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, THE
TRANSACTIONS CONTEMPLATED HEREBY OR THE DIRECT OR INDIRECT APPLICATION OR
PROPOSED APPLICATION OF THE PROCEEDS OF ANY CREDIT EXTENSION HEREUNDER EXCEPT TO
THE EXTENT THAT THEY HAVE RESULTED FROM THE GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT OR SOLELY BY REASON OF THE BREACH OF THE EXPRESS TERMS OF THIS
AGREEMENT OF THE PARTY SEEKING INDEMNIFICATION.  THE OBLIGATIONS OF THE BORROWER
UNDER THIS SECTION 9.6 SHALL SURVIVE THE TERMINATION OF THIS AGREEMENT.

 

9.7.          NUMBERS OF DOCUMENTS.  ALL STATEMENTS, NOTICES, CLOSING DOCUMENTS,
AND REQUESTS HEREUNDER SHALL BE FURNISHED TO THE AGENT WITH SUFFICIENT
COUNTERPARTS SO THAT THE AGENT MAY FURNISH ONE TO EACH OF THE LENDERS, TO THE
EXTENT THAT THE AGENT DEEMS NECESSARY.

 

9.8.          ACCOUNTING.  EXCEPT AS PROVIDED TO THE CONTRARY HEREIN, ALL
ACCOUNTING TERMS USED IN THE CALCULATION OF ANY FINANCIAL COVENANT OR TEST SHALL
BE INTERPRETED AND ALL ACCOUNTING DETERMINATIONS HEREUNDER IN THE CALCULATION OF
ANY FINANCIAL COVENANT OR TEST SHALL BE MADE IN ACCORDANCE WITH AGREEMENT
ACCOUNTING PRINCIPLES.

 

9.9.          SEVERABILITY OF PROVISIONS.  ANY PROVISION IN ANY LOAN DOCUMENT
THAT IS HELD TO BE INOPERATIVE, UNENFORCEABLE, OR INVALID IN ANY JURISDICTION
SHALL, AS TO THAT JURISDICTION, BE INOPERATIVE, UNENFORCEABLE, OR INVALID
WITHOUT AFFECTING THE REMAINING PROVISIONS IN THAT

 

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JURISDICTION OR THE OPERATION, ENFORCEABILITY, OR VALIDITY OF THAT PROVISION IN
ANY OTHER JURISDICTION, AND TO THIS END THE PROVISIONS OF ALL LOAN DOCUMENTS ARE
DECLARED TO BE SEVERABLE.

 

9.10.        NONLIABILITY OF LENDERS.  THE RELATIONSHIP BETWEEN THE BORROWER ON
THE ONE HAND AND THE LENDERS, THE LC ISSUERS AND THE AGENT ON THE OTHER HAND
SHALL BE SOLELY THAT OF BORROWER AND LENDER.  NEITHER THE AGENT (EXCEPT TO THE
LIMITED EXTENT AS PROVIDED BY SECTION 12.3.4 RELATING TO MAINTAINING THE
REGISTER), THE ARRANGER, THE LC ISSUERS NOR ANY LENDER SHALL HAVE ANY FIDUCIARY
RESPONSIBILITIES TO THE BORROWER OR ANY OTHER CREDIT PARTY.  NEITHER THE AGENT,
THE ARRANGER, THE LC ISSUERS NOR ANY LENDER UNDERTAKES ANY RESPONSIBILITY TO THE
BORROWER OR ANY OTHER CREDIT PARTY TO REVIEW OR INFORM ANY CREDIT PARTY OF ANY
MATTER IN CONNECTION WITH ANY PHASE OF ANY CREDIT PARTY’S BUSINESS OR
OPERATIONS.  EACH OF THE PARENT AND THE BORROWER AGREES THAT NEITHER THE AGENT,
THE ARRANGER, THE LC ISSUERS NOR ANY LENDER SHALL HAVE LIABILITY TO THE PARENT
OR THE BORROWER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) FOR LOSSES
SUFFERED BY THE PARENT OR THE BORROWER IN CONNECTION WITH, ARISING OUT OF, OR IN
ANY WAY RELATED TO, THE TRANSACTIONS CONTEMPLATED AND THE RELATIONSHIP
ESTABLISHED BY THE LOAN DOCUMENTS, OR ANY ACT, OMISSION OR EVENT OCCURRING IN
CONNECTION THEREWITH, UNLESS IT IS DETERMINED IN A FINAL NON-APPEALABLE JUDGMENT
BY A COURT OF COMPETENT JURISDICTION THAT SUCH LOSSES RESULTED FROM THE GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT OF, OR SOLELY BY REASON OF THE BREACH OF THE
EXPRESS TERMS OF THE LOAN DOCUMENTS BY, THE PARTY FROM WHICH RECOVERY IS
SOUGHT.  NEITHER THE AGENT, THE ARRANGER, THE LC ISSUERS NOR ANY LENDER SHALL
HAVE ANY LIABILITY WITH RESPECT TO, AND EACH OF THE PARENT AND THE BORROWER
HEREBY WAIVES, RELEASES AND AGREES NOT TO SUE FOR, ANY SPECIAL, INDIRECT,
CONSEQUENTIAL OR PUNITIVE DAMAGES SUFFERED BY THE PARENT, THE BORROWER OR ANY
SUBSIDIARY IN CONNECTION WITH, ARISING OUT OF, OR IN ANY WAY RELATED TO THE LOAN
DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY.

 

9.11.        CONFIDENTIALITY.  EACH LENDER AGREES TO HOLD ANY CONFIDENTIAL
INFORMATION WHICH IT MAY RECEIVE FROM THE BORROWER PURSUANT TO THIS AGREEMENT IN
CONFIDENCE IN ACCORDANCE WITH ITS RESPECTIVE CUSTOMARY PRACTICES (BUT IN ANY
EVENT IN ACCORDANCE WITH REASONABLE CONFIDENTIALITY PRACTICES), EXCEPT FOR
DISCLOSURE (I) TO ITS AFFILIATES AND TO OTHER LENDERS AND THEIR RESPECTIVE
AFFILIATES, FOR USE SOLELY IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED
HEREBY, (II) TO LEGAL COUNSEL, ACCOUNTANTS, AND OTHER PROFESSIONAL ADVISORS TO
SUCH LENDER OR TO A TRANSFEREE WHO ARE EXPECTED TO BE INVOLVED IN THE EVALUATION
OF SUCH INFORMATION IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED HEREBY, IN
EACH CASE WHICH HAVE BEEN INFORMED AS TO THE CONFIDENTIAL NATURE OF SUCH
INFORMATION, (III) TO REGULATORY OFFICIALS HAVING JURISDICTION OVER IT, (IV) TO
ANY PERSON AS REQUIRED BY LAW, REGULATION, OR LEGAL PROCESS IN RESPECT OF WHICH,
TO THE EXTENT PERMITTED BY APPLICABLE LAW, SUCH LENDER SHALL HAVE USED
COMMERCIALLY REASONABLE EFFORTS TO GIVE THE BORROWER REASONABLE PRIOR NOTICE AND
THE OPPORTUNITY TO CONTEST SUCH DISCLOSURE, (V) OF INFORMATION THAT PRESENTLY OR
HEREAFTER BECOMES AVAILABLE TO SUCH LENDER ON A NON-CONFIDENTIAL BASIS FROM A
SOURCE OTHER THAN THE PARENT AND ITS SUBSIDIARIES AND OTHER THAN AS A RESULT OF
DISCLOSURE NOT OTHERWISE PERMITTED BY THIS SECTION 9.11, (VI) TO ANY PERSON IN
CONNECTION WITH ANY LEGAL PROCEEDING TO WHICH SUCH LENDER IS A PARTY, (VII) TO
SUCH LENDER’S DIRECT OR INDIRECT CONTRACTUAL COUNTERPARTIES IN CREDIT DERIVATIVE
TRANSACTIONS OR TO LEGAL COUNSEL, ACCOUNTANTS AND OTHER PROFESSIONAL ADVISORS TO
SUCH COUNTERPARTIES, IN EACH CASE WHICH HAVE BEEN INFORMED AS TO THE
CONFIDENTIAL NATURE OF SUCH INFORMATION AND AGREE TO BE BOUND BY THIS
SECTION 9.11 OR OTHER SIMILAR TERMS OF CONFIDENTIALITY, (VIII) PERMITTED BY
SECTION 12.4 AND (IX) TO RATING AGENCIES IF REQUESTED OR REQUIRED BY SUCH
AGENCIES IN CONNECTION WITH A RATING RELATING TO THE CREDIT EXTENSIONS
HEREUNDER.  NOTWITHSTANDING ANYTHING TO THE CONTRARY SET FORTH HEREIN OR IN ANY
OTHER

 

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AGREEMENT TO WHICH THE PARTIES HERETO ARE PARTIES OR BY WHICH THEY ARE BOUND,
THE OBLIGATIONS OF CONFIDENTIALITY CONTAINED HEREIN AND THEREIN (THE
“CONFIDENTIALITY OBLIGATIONS”), AS THEY RELATE TO THE TRANSACTIONS CONTEMPLATED
BY THIS AGREEMENT, SHALL NOT APPLY TO THE “TAX STRUCTURE” OR “TAX TREATMENT” OF
THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT (AS THESE TERMS ARE USED IN
SECTION 1.6011-4(B)(3) (OR ANY SUCCESSOR PROVISION) OF THE TREASURY REGULATIONS
(THE “CONFIDENTIALITY REGULATION”) PROMULGATED UNDER SECTION 6011 OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED); AND EACH PARTY HERETO (AND ANY
EMPLOYEE, REPRESENTATIVE, OR AGENT OF ANY PARTY HERETO) MAY DISCLOSE TO ANY AND
ALL PERSONS, WITHOUT LIMITATION OF ANY KIND, THE “TAX STRUCTURE’’ AND “TAX
TREATMENT” OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT (AS THESE TERMS
ARE DEFINED IN THE CONFIDENTIALITY REGULATION).  IN ADDITION, EACH PARTY HERETO
ACKNOWLEDGES THAT IT HAS NO PROPRIETARY OR EXCLUSIVE RIGHTS TO ANY TAX MATTER OR
TAX IDEA RELATED TO THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

 

9.12.        LENDERS NOT UTILIZING PLAN ASSETS.  EACH LENDER AND DESIGNATED
LENDER REPRESENTS AND WARRANTS THAT NONE OF THE CONSIDERATION USED BY SUCH
LENDER OR DESIGNATED LENDER TO MAKE ITS LOANS CONSTITUTES FOR ANY PURPOSE OF
ERISA OR SECTION 4975 OF THE CODE ASSETS OF ANY “PLAN” AS DEFINED IN
SECTION 3(3) OF ERISA OR SECTION 4975 OF THE CODE AND THE RIGHTS AND INTERESTS
OF SUCH LENDER OR DESIGNATED LENDER IN AND UNDER THE LOAN DOCUMENTS SHALL NOT
CONSTITUTE SUCH “PLAN ASSETS” UNDER ERISA.

 

9.13.        NONRELIANCE.  EACH LENDER HEREBY REPRESENTS THAT IT IS NOT RELYING
ON OR LOOKING TO ANY MARGIN STOCK (AS DEFINED IN REGULATION U) AS COLLATERAL IN
THE EXTENSION OR MAINTENANCE OF THE CREDIT PROVIDED FOR HEREIN.

 

9.14.        DISCLOSURE.  THE BORROWER, THE PARENT AND EACH LENDER, INCLUDING
THE LC ISSUERS, HEREBY ACKNOWLEDGE AND AGREE THAT EACH LENDER AND/OR ITS
AFFILIATES FROM TIME TO TIME MAY HOLD INVESTMENTS IN, MAKE OTHER LOANS TO OR
HAVE OTHER RELATIONSHIPS WITH THE BORROWER AND ITS AFFILIATES.

 

9.15.        PERFORMANCE OF OBLIGATIONS.  EACH OF THE PARENT AND THE BORROWER
AGREES THAT THE AGENT MAY, BUT SHALL HAVE NO OBLIGATION TO (I) AT ANY TIME, PAY
OR DISCHARGE TAXES, LIENS, SECURITY INTERESTS OR OTHER ENCUMBRANCES LEVIED OR
PLACED ON ANY COLLATERAL TO THE EXTENT THE SAME WOULD CONSTITUTE A DEFAULT
HEREUNDER IF ACTUALLY LEVIED OR IMPOSED AND (II) AFTER THE OCCURRENCE AND DURING
THE CONTINUANCE OF A DEFAULT MAKE ANY PAYMENT OR PERFORM ANY ACT REQUIRED OF THE
PARENT, THE BORROWER OR ANY SUBSIDIARY UNDER ANY LOAN DOCUMENT OR TAKE ANY OTHER
ACTION WHICH THE AGENT IN ITS DISCRETION DEEMS NECESSARY OR DESIRABLE TO PROTECT
OR PRESERVE THE COLLATERAL, INCLUDING, WITHOUT LIMITATION, ANY ACTION TO (X)
EFFECT ANY REPAIRS OR OBTAIN ANY INSURANCE CALLED FOR BY THE TERMS OF ANY OF THE
LOAN DOCUMENTS AND TO PAY ALL OR ANY PART OF THE PREMIUMS THEREFOR AND THE COSTS
THEREOF AND (Y) PAY ANY RENTS PAYABLE BY THE PARENT, THE BORROWER OR ANY
SUBSIDIARY WHICH ARE MORE THAN 30 DAYS PAST DUE, OR AS TO WHICH THE LANDLORD HAS
GIVEN NOTICE OF TERMINATION, UNDER ANY LEASE.  THE AGENT SHALL USE ITS BEST
EFFORTS TO GIVE THE BORROWER NOTICE OF ANY ACTION TAKEN UNDER THIS SECTION 9.15
PRIOR TO THE TAKING OF SUCH ACTION OR PROMPTLY THEREAFTER PROVIDED THE FAILURE
TO GIVE SUCH NOTICE SHALL NOT AFFECT THE BORROWER’S OBLIGATIONS IN RESPECT
THEREOF.  THE BORROWER AGREES TO PAY THE AGENT, UPON DEMAND, THE PRINCIPAL
AMOUNT OF ALL FUNDS ADVANCED BY THE AGENT UNDER THIS SECTION 9.15, TOGETHER WITH
INTEREST THEREON AT THE RATE FROM TIME TO TIME APPLICABLE TO FLOATING RATE LOANS
FROM THE DATE OF SUCH ADVANCE UNTIL THE OUTSTANDING PRINCIPAL BALANCE THEREOF IS
PAID IN FULL.  IF THE BORROWER FAILS TO MAKE PAYMENT IN

 

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RESPECT OF ANY SUCH ADVANCE UNDER THIS SECTION 9.15 WITHIN ONE (1) BUSINESS DAY
AFTER THE DATE THE BORROWER RECEIVES WRITTEN DEMAND THEREFOR FROM THE AGENT, THE
AGENT SHALL PROMPTLY NOTIFY EACH LENDER AND EACH LENDER AGREES THAT IT SHALL
THEREUPON MAKE AVAILABLE TO THE AGENT, IN DOLLARS IN IMMEDIATELY AVAILABLE
FUNDS, THE AMOUNT EQUAL TO SUCH LENDER’S PRO RATA SHARE OF SUCH ADVANCE.  IF
SUCH FUNDS ARE NOT MADE AVAILABLE TO THE AGENT BY SUCH LENDER WITHIN ONE
(1) BUSINESS DAY AFTER THE AGENT’S DEMAND THEREFOR, THE AGENT WILL BE ENTITLED
TO RECOVER ANY SUCH AMOUNT FROM SUCH LENDER TOGETHER WITH INTEREST THEREON AT
THE FEDERAL FUNDS EFFECTIVE RATE FOR EACH DAY DURING THE PERIOD COMMENCING ON
THE DATE OF SUCH DEMAND AND ENDING ON THE DATE SUCH AMOUNT IS RECEIVED.  THE
FAILURE OF ANY LENDER TO MAKE AVAILABLE TO THE AGENT ITS PRO RATA SHARE OF ANY
SUCH UNREIMBURSED ADVANCE UNDER THIS SECTION 9.15 SHALL NEITHER RELIEVE ANY
OTHER LENDER OF ITS OBLIGATION HEREUNDER TO MAKE AVAILABLE TO THE AGENT SUCH
OTHER LENDER’S PRO RATA SHARE OF SUCH ADVANCE ON THE DATE SUCH PAYMENT IS TO BE
MADE NOR INCREASE THE OBLIGATION OF ANY OTHER LENDER TO MAKE SUCH PAYMENT TO THE
AGENT.  ALL OUTSTANDING PRINCIPAL OF, AND INTEREST ON, ADVANCES MADE UNDER THIS
SECTION 9.15 SHALL CONSTITUTE OBLIGATIONS SECURED BY THE COLLATERAL UNTIL PAID
IN FULL BY THE BORROWER.

 

9.16.        USA PATRIOT ACT.  EACH LENDER HEREBY NOTIFIES THE 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”), IT IS REQUIRED TO OBTAIN,
VERIFY AND RECORD INFORMATION THAT IDENTIFIES THE BORROWER, WHICH INFORMATION
INCLUDES THE NAME AND ADDRESS OF THE BORROWER AND OTHER INFORMATION THAT WILL
ALLOW SUCH LENDER TO IDENTIFY THE BORROWER IN ACCORDANCE WITH THE ACT.

 

9.17.        NO DUTIES IMPOSED ON SYNDICATION AGENTS OR DOCUMENTATION AGENTS.
NONE OF THE PERSONS IDENTIFIED ON THE COVER PAGE TO THIS AGREEMENT, THE
SIGNATURE PAGES TO THIS AGREEMENT OR OTHERWISE IN THIS AGREEMENT AS A
“SYNDICATION AGENT” OR A “DOCUMENTATION AGENT” SHALL HAVE ANY RIGHT, POWER,
OBLIGATION, LIABILITY, RESPONSIBILITY OR DUTY UNDER THIS AGREEMENT OTHER THAN,
IF SUCH PERSON IS A LENDER, THOSE APPLICABLE TO ALL LENDERS AS SUCH.  WITHOUT
LIMITING THE FOREGOING, NONE OF THE PERSONS IDENTIFIED ON THE COVER PAGE TO THIS
AGREEMENT, THE SIGNATURE PAGES TO THIS AGREEMENT OR OTHERWISE IN THIS AGREEMENT
AS A “SYNDICATION AGENT” OR A “DOCUMENTATION AGENT” SHALL HAVE OR BE DEEMED TO
HAVE ANY FIDUCIARY DUTY TO OR FIDUCIARY RELATIONSHIP WITH ANY LENDER.  EACH
LENDER ACKNOWLEDGES THAT IT HAS NOT RELIED, AND WILL NOT RELY, ON ANY OF THE
PERSONS SO IDENTIFIED IN DECIDING TO ENTER INTO THIS AGREEMENT OR IN TAKING OR
NOT TAKING ACTION HEREUNDER.

 

ARTICLE X

THE AGENT

 

10.1.        APPOINTMENT; NATURE OF RELATIONSHIP.  JPMORGAN CHASE IS HEREBY
APPOINTED BY EACH OF THE LENDERS AS ITS CONTRACTUAL REPRESENTATIVE (HEREIN
REFERRED TO AS THE “AGENT”) HEREUNDER AND UNDER EACH OTHER LOAN DOCUMENT, AND
EACH OF THE LENDERS IRREVOCABLY AUTHORIZES THE AGENT TO ACT AS THE CONTRACTUAL
REPRESENTATIVE OF SUCH LENDER WITH THE RIGHTS AND DUTIES EXPRESSLY SET FORTH
HEREIN AND IN THE OTHER LOAN DOCUMENTS.  THE AGENT AGREES TO ACT AS SUCH
CONTRACTUAL REPRESENTATIVE UPON THE EXPRESS CONDITIONS CONTAINED IN THIS
ARTICLE X.  NOTWITHSTANDING THE USE OF THE DEFINED TERM “AGENT,” IT IS EXPRESSLY
UNDERSTOOD AND AGREED THAT THE AGENT SHALL NOT HAVE ANY FIDUCIARY
RESPONSIBILITIES TO ANY OF THE HOLDERS OF SECURED OBLIGATIONS BY REASON OF THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT AND THAT THE AGENT IS MERELY ACTING AS THE
CONTRACTUAL REPRESENTATIVE OF THE LENDERS WITH ONLY THOSE DUTIES AS ARE
EXPRESSLY SET FORTH IN THIS AGREEMENT

 

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AND THE OTHER LOAN DOCUMENTS.  IN ITS CAPACITY AS THE LENDERS’ CONTRACTUAL
REPRESENTATIVE, THE AGENT (I) DOES NOT HEREBY ASSUME ANY FIDUCIARY DUTIES TO ANY
OF THE HOLDERS OF SECURED OBLIGATIONS, (II) IS A “REPRESENTATIVE” OF THE HOLDERS
OF SECURED OBLIGATIONS WITHIN THE MEANING OF THE TERM “SECURED PARTY” AS DEFINED
IN THE NEW YORK UNIFORM COMMERCIAL CODE AND (III) IS ACTING AS AN INDEPENDENT
CONTRACTOR, THE RIGHTS AND DUTIES OF WHICH ARE LIMITED TO THOSE EXPRESSLY SET
FORTH IN THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS.  EACH OF THE LENDERS, FOR
ITSELF AND ON BEHALF OF ITS AFFILIATES AS HOLDERS OF SECURED OBLIGATIONS, HEREBY
AGREES TO ASSERT NO CLAIM AGAINST THE AGENT ON ANY AGENCY THEORY OR ANY OTHER
THEORY OF LIABILITY FOR BREACH OF FIDUCIARY DUTY, ALL OF WHICH CLAIMS EACH
HOLDER OF SECURED OBLIGATIONS HEREBY WAIVES.

 

10.2.        POWERS.  THE AGENT SHALL HAVE AND MAY EXERCISE SUCH POWERS UNDER
THE LOAN DOCUMENTS AS ARE SPECIFICALLY DELEGATED TO THE AGENT BY THE TERMS OF
EACH THEREOF, TOGETHER WITH SUCH POWERS AS ARE REASONABLY INCIDENTAL THERETO. 
THE AGENT SHALL HAVE NO IMPLIED DUTIES OR FIDUCIARY DUTIES TO THE LENDERS, OR
ANY OBLIGATION TO THE LENDERS TO TAKE ANY ACTION THEREUNDER EXCEPT ANY ACTION
SPECIFICALLY PROVIDED BY THE LOAN DOCUMENTS TO BE TAKEN BY THE AGENT.

 

10.3.        GENERAL IMMUNITY.  NEITHER THE AGENT NOR ANY OF ITS DIRECTORS,
OFFICERS, AGENTS OR EMPLOYEES SHALL BE LIABLE TO THE PARENT, THE BORROWER, ANY
SUBSIDIARY OR ANY LENDER OR HOLDER OF SECURED OBLIGATIONS FOR ANY ACTION TAKEN
OR OMITTED TO BE TAKEN BY IT OR THEM HEREUNDER OR UNDER ANY OTHER LOAN DOCUMENT
OR IN CONNECTION HEREWITH OR THEREWITH EXCEPT TO THE EXTENT SUCH ACTION OR
INACTION IS DETERMINED IN A FINAL, NON-APPEALABLE JUDGMENT BY A COURT OF
COMPETENT JURISDICTION TO HAVE ARISEN FROM THE GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT OF SUCH PERSON OR SOLELY BY REASON OF THE BREACH OF THE EXPRESS TERMS
THEREOF BY SUCH PERSON.

 

10.4.        NO RESPONSIBILITY FOR LOANS, RECITALS, ETC.  NEITHER THE AGENT NOR
ANY OF ITS DIRECTORS, OFFICERS, AGENTS OR EMPLOYEES SHALL BE RESPONSIBLE FOR OR
HAVE ANY DUTY TO ASCERTAIN, INQUIRE INTO, OR VERIFY (A) ANY STATEMENT, WARRANTY
OR REPRESENTATION MADE IN CONNECTION WITH ANY LOAN DOCUMENT OR ANY BORROWING
HEREUNDER; (B) THE PERFORMANCE OR OBSERVANCE OF ANY OF THE COVENANTS OR
AGREEMENTS OF ANY OBLIGOR UNDER ANY LOAN DOCUMENT, INCLUDING, WITHOUT
LIMITATION, ANY AGREEMENT BY AN OBLIGOR TO FURNISH INFORMATION DIRECTLY TO EACH
LENDER; (C) THE SATISFACTION OF ANY CONDITION SPECIFIED IN ARTICLE IV, EXCEPT
RECEIPT OF ITEMS REQUIRED TO BE DELIVERED SOLELY TO THE AGENT; (D) THE EXISTENCE
OR POSSIBLE EXISTENCE OF ANY DEFAULT OR UNMATURED DEFAULT; (E) THE VALIDITY,
ENFORCEABILITY, EFFECTIVENESS, SUFFICIENCY OR GENUINENESS OF ANY LOAN DOCUMENT
OR ANY OTHER INSTRUMENT OR WRITING FURNISHED IN CONNECTION THEREWITH; (F) THE
VALUE, SUFFICIENCY, CREATION, PERFECTION OR PRIORITY OF ANY LIEN IN ANY
COLLATERAL; OR (G) THE FINANCIAL CONDITION OF THE PARENT, THE BORROWER, ANY
SUBSIDIARY OR ANY GUARANTOR OF ANY OF THE OBLIGATIONS OR OF ANY OF THE PARENT’S,
THE BORROWER’S, SUCH SUBSIDIARY’S OR ANY SUCH GUARANTOR’S RESPECTIVE
SUBSIDIARIES.  THE AGENT SHALL HAVE NO DUTY TO DISCLOSE TO THE LENDERS
INFORMATION THAT IS NOT REQUIRED TO BE FURNISHED BY THE PARENT OR THE BORROWER
TO THE AGENT AT SUCH TIME, BUT IS VOLUNTARILY FURNISHED BY THE PARENT OR THE
BORROWER TO THE AGENT (EITHER IN ITS CAPACITY AS AGENT OR IN ITS INDIVIDUAL
CAPACITY).

 

10.5.        ACTION ON INSTRUCTIONS OF LENDERS.  THE AGENT SHALL IN ALL CASES BE
FULLY PROTECTED IN ACTING, OR IN REFRAINING FROM ACTING, HEREUNDER AND UNDER ANY
OTHER LOAN DOCUMENT IN ACCORDANCE WITH WRITTEN INSTRUCTIONS SIGNED BY THE
REQUIRED LENDERS (OR ALL OF THE LENDERS IN THE EVENT THAT AND TO THE EXTENT THAT
THIS AGREEMENT EXPRESSLY REQUIRES SUCH APPROVAL), AND SUCH INSTRUCTIONS AND ANY
ACTION TAKEN OR FAILURE TO ACT PURSUANT THERETO SHALL BE BINDING ON ALL OF THE

 

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LENDERS.  THE LENDERS HEREBY ACKNOWLEDGE THAT THE AGENT SHALL BE UNDER NO DUTY
TO TAKE ANY DISCRETIONARY ACTION PERMITTED TO BE TAKEN BY IT PURSUANT TO THE
PROVISIONS OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT UNLESS IT SHALL BE
REQUESTED IN WRITING TO DO SO BY THE REQUIRED LENDERS (OR ALL OF THE LENDERS IN
THE EVENT THAT AND TO THE EXTENT THAT THIS AGREEMENT EXPRESSLY REQUIRES SUCH
APPROVAL).  THE AGENT SHALL BE FULLY JUSTIFIED IN FAILING OR REFUSING TO TAKE
ANY ACTION HEREUNDER AND UNDER ANY OTHER LOAN DOCUMENT UNLESS IT SHALL FIRST BE
INDEMNIFIED TO ITS SATISFACTION BY THE LENDERS PRO RATA AGAINST ANY AND ALL
LIABILITY, COST AND EXPENSE THAT IT MAY INCUR BY REASON OF TAKING OR CONTINUING
TO TAKE ANY SUCH ACTION.

 

10.6.        EMPLOYMENT OF AGENTS AND COUNSEL.  THE AGENT MAY EXECUTE ANY OF ITS
DUTIES AS AGENT HEREUNDER AND UNDER ANY OTHER LOAN DOCUMENT BY OR THROUGH
EMPLOYEES, AGENTS, AND ATTORNEYS-IN-FACT AND SHALL NOT BE ANSWERABLE TO THE
LENDERS, EXCEPT AS TO MONEY OR SECURITIES RECEIVED BY IT OR ITS AUTHORIZED
AGENTS, FOR THE DEFAULT OR MISCONDUCT OF ANY SUCH AGENTS OR ATTORNEYS-IN-FACT
SELECTED BY IT WITH REASONABLE CARE.  THE AGENT SHALL BE ENTITLED TO ADVICE OF
COUNSEL CONCERNING THE CONTRACTUAL ARRANGEMENT BETWEEN THE AGENT AND THE LENDERS
AND ALL MATTERS PERTAINING TO THE AGENT’S DUTIES HEREUNDER AND UNDER ANY OTHER
LOAN DOCUMENT.

 

10.7.        RELIANCE ON DOCUMENTS; COUNSEL.  THE AGENT SHALL BE ENTITLED TO
RELY UPON ANY NOTE, NOTICE, CONSENT, CERTIFICATE, AFFIDAVIT, LETTER, TELEGRAM,
STATEMENT, PAPER OR DOCUMENT BELIEVED BY IT TO BE GENUINE AND CORRECT AND TO
HAVE BEEN SIGNED OR SENT BY THE PROPER PERSON OR PERSONS, AND, IN RESPECT TO
LEGAL MATTERS, UPON THE OPINION OF COUNSEL SELECTED BY THE AGENT, WHICH COUNSEL
MAY BE EMPLOYEES OF THE AGENT.

 

10.8.        AGENT’S REIMBURSEMENT AND INDEMNIFICATION.  THE LENDERS AGREE TO
REIMBURSE AND INDEMNIFY THE AGENT RATABLY IN PROPORTION TO THE LENDERS’ PRO RATA
SHARES OF THE AGGREGATE COMMITMENT (OR, IF THE AGGREGATE COMMITMENT HAS BEEN
TERMINATED, OF THE AGGREGATE OUTSTANDING CREDIT EXPOSURE) (I) FOR ANY AMOUNTS
NOT REIMBURSED BY THE BORROWER FOR WHICH THE AGENT IS ENTITLED TO REIMBURSEMENT
BY ANY CREDIT PARTY UNDER THE LOAN DOCUMENTS, (II) FOR ANY OTHER EXPENSES
INCURRED BY THE AGENT ON BEHALF OF THE LENDERS, IN CONNECTION WITH THE
PREPARATION, EXECUTION, DELIVERY, ADMINISTRATION AND ENFORCEMENT OF THE LOAN
DOCUMENTS (INCLUDING, WITHOUT LIMITATION, FOR ANY EXPENSES INCURRED BY THE AGENT
IN CONNECTION WITH ANY DISPUTE BETWEEN THE AGENT AND ANY LENDER OR BETWEEN TWO
OR MORE OF THE LENDERS) AND (III) FOR ANY LIABILITIES, OBLIGATIONS, LOSSES,
DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES OR DISBURSEMENTS
OF ANY KIND AND NATURE WHATSOEVER WHICH MAY BE IMPOSED ON, INCURRED BY OR
ASSERTED AGAINST THE AGENT IN ANY WAY RELATING TO OR ARISING OUT OF THE LOAN
DOCUMENTS OR ANY OTHER DOCUMENT DELIVERED IN CONNECTION THEREWITH OR THE
TRANSACTIONS CONTEMPLATED THEREBY (INCLUDING, WITHOUT LIMITATION, FOR ANY SUCH
AMOUNTS INCURRED BY OR ASSERTED AGAINST THE AGENT IN CONNECTION WITH ANY DISPUTE
BETWEEN THE AGENT AND ANY LENDER OR BETWEEN TWO OR MORE OF THE LENDERS), OR THE
ENFORCEMENT OF ANY OF THE TERMS OF THE LOAN DOCUMENTS OR OF ANY SUCH OTHER
DOCUMENTS, PROVIDED THAT (I) NO LENDER SHALL BE LIABLE FOR ANY OF THE FOREGOING
TO THE EXTENT ANY OF THE FOREGOING IS FOUND IN A FINAL, NON-APPEALABLE JUDGMENT
BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM THE GROSS NEGLIGENCE
OR WILLFUL MISCONDUCT OF THE AGENT AND (II) ANY INDEMNIFICATION REQUIRED
PURSUANT TO SECTION 3.5(VII) SHALL, NOTWITHSTANDING THE PROVISIONS OF THIS
SECTION 10.8, BE PAID BY THE RELEVANT LENDER IN ACCORDANCE WITH THE PROVISIONS
THEREOF.  THE OBLIGATIONS OF THE LENDERS UNDER THIS SECTION 10.8 SHALL SURVIVE
PAYMENT OF THE SECURED OBLIGATIONS AND TERMINATION OF THIS AGREEMENT.

 

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10.9.                        NOTICE OF DEFAULT.  THE AGENT SHALL NOT BE DEEMED
TO HAVE KNOWLEDGE OR NOTICE OF THE OCCURRENCE OF ANY DEFAULT OR UNMATURED
DEFAULT HEREUNDER UNLESS THE AGENT HAS RECEIVED WRITTEN NOTICE FROM A LENDER OR
THE BORROWER REFERRING TO THIS AGREEMENT DESCRIBING SUCH DEFAULT OR UNMATURED
DEFAULT AND STATING THAT SUCH NOTICE IS A “NOTICE OF DEFAULT”.  IN THE EVENT
THAT THE AGENT RECEIVES SUCH A NOTICE, THE AGENT SHALL GIVE PROMPT NOTICE
THEREOF TO THE LENDERS.

 

10.10.                  RIGHTS AS A LENDER.  IN THE EVENT THE AGENT IS A LENDER,
THE AGENT SHALL HAVE THE SAME RIGHTS AND POWERS HEREUNDER AND UNDER ANY OTHER
LOAN DOCUMENT WITH RESPECT TO ITS COMMITMENT AND ITS CREDIT EXTENSIONS AS ANY
LENDER AND MAY EXERCISE THE SAME AS THOUGH IT WERE NOT THE AGENT, AND THE TERM
“LENDER” OR “LENDERS” SHALL, AT ANY TIME WHEN THE AGENT IS A LENDER, UNLESS THE
CONTEXT OTHERWISE INDICATES, INCLUDE THE AGENT IN ITS INDIVIDUAL CAPACITY.  THE
AGENT AND ITS AFFILIATES MAY ACCEPT DEPOSITS FROM, LEND MONEY TO, AND GENERALLY
ENGAGE IN ANY KIND OF TRUST, DEBT, EQUITY OR OTHER TRANSACTION, IN ADDITION TO
THOSE CONTEMPLATED BY THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, WITH THE
PARENT, THE BORROWER OR ANY SUBSIDIARY IN WHICH THE PARENT, THE BORROWER OR SUCH
SUBSIDIARY IS NOT RESTRICTED HEREBY FROM ENGAGING WITH ANY OTHER PERSON.  THE
AGENT, IN ITS INDIVIDUAL CAPACITY, IS NOT OBLIGATED TO REMAIN A LENDER.

 

10.11.                  LENDER CREDIT DECISION.  EACH LENDER ACKNOWLEDGES THAT
IT HAS, INDEPENDENTLY AND WITHOUT RELIANCE UPON THE AGENT, THE ARRANGER OR ANY
OTHER LENDER AND BASED ON THE FINANCIAL STATEMENTS PREPARED BY THE PARENT OR THE
BORROWER AND SUCH OTHER DOCUMENTS AND INFORMATION AS IT HAS DEEMED APPROPRIATE,
MADE ITS OWN CREDIT ANALYSIS AND DECISION TO ENTER INTO THIS AGREEMENT AND THE
OTHER LOAN DOCUMENTS.  EACH LENDER ALSO ACKNOWLEDGES THAT IT WILL, INDEPENDENTLY
AND WITHOUT RELIANCE UPON THE AGENT, THE ARRANGER OR ANY OTHER LENDER AND BASED
ON SUCH DOCUMENTS AND INFORMATION AS IT SHALL DEEM APPROPRIATE AT THE TIME,
CONTINUE TO MAKE ITS OWN CREDIT DECISIONS IN TAKING OR NOT TAKING ACTION UNDER
THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS.  EXCEPT AS EXPRESSLY SET FORTH
HEREIN, THE AGENT SHALL NOT HAVE ANY DUTY TO DISCLOSE, AND SHALL NOT BE LIABLE
FOR THE FAILURE TO DISCLOSE, ANY INFORMATION RELATING TO THE PARENT, THE
BORROWER OR ANY OF THEIR RESPECTIVE SUBSIDIARIES THAT IS COMMUNICATED TO OR
OBTAINED BY THE PERSON SERVING AS AGENT FOR ANY OF ITS AFFILIATES IN ANY
CAPACITY.

 

10.12.                  SUCCESSOR AGENT.  THE AGENT MAY RESIGN AT ANY TIME BY
GIVING WRITTEN NOTICE THEREOF TO THE LENDERS AND THE BORROWER, SUCH RESIGNATION
TO BE EFFECTIVE UPON THE APPOINTMENT OF A SUCCESSOR AGENT OR, IF NO SUCCESSOR
AGENT HAS BEEN APPOINTED, FORTY-FIVE DAYS AFTER THE RETIRING AGENT GIVES NOTICE
OF ITS INTENTION TO RESIGN.  THE AGENT MAY BE REMOVED AT ANY TIME WITH OR
WITHOUT CAUSE BY WRITTEN NOTICE RECEIVED BY THE AGENT FROM THE REQUIRED LENDERS,
SUCH REMOVAL TO BE EFFECTIVE ON THE DATE SPECIFIED BY THE REQUIRED LENDERS. 
UPON ANY SUCH RESIGNATION OR REMOVAL, THE REQUIRED LENDERS SHALL, WITH THE PRIOR
WRITTEN APPROVAL OF THE BORROWER (WHICH APPROVAL SHALL BE REQUIRED ONLY SO LONG
AS NO DEFAULT SHALL BE CONTINUING), HAVE THE RIGHT TO APPOINT, ON BEHALF OF THE
BORROWER AND THE LENDERS, A SUCCESSOR AGENT.  IF NO SUCCESSOR AGENT SHALL HAVE
BEEN SO APPOINTED BY THE REQUIRED LENDERS WITHIN FORTY-FIVE DAYS AFTER THE
RESIGNING AGENT’S GIVING NOTICE OF ITS INTENTION TO RESIGN, THEN THE RESIGNING
AGENT MAY APPOINT, ON BEHALF OF THE BORROWER AND THE LENDERS, A SUCCESSOR
AGENT.  NOTWITHSTANDING THE PREVIOUS SENTENCE, THE AGENT MAY AT ANY TIME WITHOUT
THE CONSENT OF THE BORROWER OR ANY LENDER, APPOINT ANY OF ITS AFFILIATES WHICH
IS A COMMERCIAL BANK AS A SUCCESSOR AGENT HEREUNDER.  IF THE AGENT HAS RESIGNED
OR BEEN REMOVED AND NO SUCCESSOR AGENT HAS BEEN APPOINTED, THE LENDERS MAY
PERFORM ALL THE DUTIES OF THE AGENT HEREUNDER AND THE BORROWER SHALL MAKE ALL
PAYMENTS IN RESPECT OF THE OBLIGATIONS TO THE APPLICABLE LENDER AND FOR ALL
OTHER PURPOSES SHALL

 

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DEAL DIRECTLY WITH THE LENDERS.  NO SUCCESSOR AGENT SHALL BE DEEMED TO BE
APPOINTED HEREUNDER UNTIL SUCH SUCCESSOR AGENT HAS ACCEPTED THE APPOINTMENT. 
ANY SUCH SUCCESSOR AGENT SHALL BE A COMMERCIAL BANK HAVING CAPITAL AND RETAINED
EARNINGS OF AT LEAST $500,000,000.  UPON THE ACCEPTANCE OF ANY APPOINTMENT AS
AGENT HEREUNDER BY A SUCCESSOR AGENT, SUCH SUCCESSOR AGENT SHALL THEREUPON
SUCCEED TO AND BECOME VESTED WITH ALL THE RIGHTS, POWERS, PRIVILEGES AND DUTIES
OF THE RESIGNING OR REMOVED AGENT.  UPON THE EFFECTIVENESS OF THE RESIGNATION OR
REMOVAL OF THE AGENT, THE RESIGNING OR REMOVED AGENT SHALL BE DISCHARGED FROM
ANY FURTHER DUTIES AND OBLIGATIONS HEREUNDER AND UNDER THE LOAN DOCUMENTS. 
AFTER THE EFFECTIVENESS OF THE RESIGNATION OR REMOVAL OF AN AGENT, THE
PROVISIONS OF THIS ARTICLE X SHALL CONTINUE IN EFFECT FOR THE BENEFIT OF SUCH
AGENT IN RESPECT OF ANY ACTIONS TAKEN OR OMITTED TO BE TAKEN BY IT WHILE IT WAS
ACTING AS THE AGENT HEREUNDER AND UNDER THE OTHER LOAN DOCUMENTS.  IN THE EVENT
THAT THERE IS A SUCCESSOR TO THE AGENT BY MERGER, OR THE AGENT ASSIGNS ITS
DUTIES AND OBLIGATIONS TO AN AFFILIATE PURSUANT TO THIS SECTION 10.12, THEN THE
TERM “PRIME RATE” AS USED IN THIS AGREEMENT SHALL MEAN THE PRIME RATE, BASE RATE
OR OTHER ANALOGOUS RATE OF THE NEW AGENT.

 

10.13.                  AGENT AND ARRANGER FEES.  THE BORROWER AGREES TO PAY TO
THE AGENT AND THE ARRANGER, FOR THEIR RESPECTIVE ACCOUNTS, THE FEES AGREED TO BY
THE BORROWER, THE AGENT AND THE ARRANGER PURSUANT TO THAT CERTAIN LETTER
AGREEMENT DATED AUGUST 19, 2005, OR AS OTHERWISE AGREED IN WRITING FROM TIME TO
TIME.

 

10.14.                  DELEGATION TO AFFILIATES.  THE PARENT, THE BORROWER AND
THE LENDERS AGREE THAT THE AGENT MAY DELEGATE ANY OF ITS DUTIES UNDER THIS
AGREEMENT TO ANY OF ITS AFFILIATES.  ANY SUCH AFFILIATE (AND SUCH AFFILIATE’S
DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES) WHICH PERFORMS DUTIES IN CONNECTION
WITH THIS AGREEMENT SHALL BE ENTITLED TO THE SAME BENEFITS OF THE
INDEMNIFICATION, WAIVER AND OTHER PROTECTIVE PROVISIONS TO WHICH THE AGENT IS
ENTITLED UNDER ARTICLES IX AND X.

 

10.15.                  COLLATERAL DOCUMENTS.  (A) EACH LENDER AUTHORIZES THE
AGENT TO ENTER INTO AND REMAIN SUBJECT TO EACH OF THE COLLATERAL DOCUMENTS TO
WHICH IT IS A PARTY AND TO TAKE ALL ACTION CONTEMPLATED BY SUCH DOCUMENTS.  EACH
LENDER AGREES THAT NO HOLDER OF SECURED OBLIGATIONS (OTHER THAN THE AGENT) SHALL
HAVE THE RIGHT INDIVIDUALLY TO SEEK TO REALIZE UPON THE SECURITY GRANTED BY ANY
COLLATERAL DOCUMENT, IT BEING UNDERSTOOD AND AGREED THAT SUCH RIGHTS AND
REMEDIES MAY BE EXERCISED SOLELY BY THE AGENT FOR THE BENEFIT OF THE HOLDERS OF
SECURED OBLIGATIONS UPON THE TERMS OF THE COLLATERAL DOCUMENTS.

 

(b)  In the event that any Collateral is hereafter pledged by any Person as
collateral security for the Secured Obligations, the Agent is hereby authorized
to execute and deliver on behalf of the Holders of Secured Obligations any Loan
Documents necessary or appropriate to grant and perfect a Lien on such
Collateral in favor of the Agent on behalf of the Holders of Secured
Obligations.

 

(c)  The Lenders hereby authorize the Agent, at its option and in its
discretion, to release any Lien granted to or held by the Agent upon any
Collateral (i) upon termination of the Commitments and payment and satisfaction
of all of the Obligations (other than contingent indemnity obligations and Rate
Management Obligations) at any time arising under or in respect of this
Agreement or the Loan Documents or the transactions contemplated hereby or
thereby; (ii) as permitted by, but only in accordance with, the terms of the
applicable Loan Document; or (iii) if approved, authorized or ratified in
writing by the Required Lenders, unless such release is

 

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required to be approved by all of the Lenders hereunder.  Upon request by the
Agent at any time, the Lenders will confirm in writing the Agent’s authority to
release particular types or items of Collateral pursuant to this Section 10.15.

 

(d)  Upon any sale or transfer of assets constituting Collateral which is
permitted pursuant to the terms of any Loan Document, or consented to in writing
by the Required Lenders or all of the Lenders, as applicable, and upon at least
three (3) Business Days’ prior written request by the Borrower to the Agent, the
Agent shall (and is hereby irrevocably authorized by the Lenders to) execute
such documents as may be necessary to evidence the release of the Liens granted
to the Agent for the benefit of the Holders of Secured Obligations herein or
pursuant hereto upon the Collateral that was sold or transferred; provided,
however, that (i) the Agent shall not be required to execute any such document
on terms which, in the Agent’s opinion, would expose the Agent to liability or
create any obligation or entail any consequence other than the release of such
Liens without recourse or warranty, and (ii) such release shall not in any
manner discharge, affect or impair the Secured Obligations or any Liens upon (or
obligations of the Borrower or any Credit Party) all interests retained by the
Borrower or any Credit Party, including (without limitation) the proceeds of the
sale, all of which shall continue to constitute part of the Collateral.

 

10.16.                  QUEBEC SECURITY.  FOR GREATER CERTAINTY, AND WITHOUT
LIMITING THE POWERS OF THE AGENT HEREUNDER OR UNDER ANY OF THE OTHER LOAN
DOCUMENTS, EACH OF THE LENDERS HEREBY ACKNOWLEDGES THAT THE AGENT SHALL, FOR
PURPOSES OF HOLDING ANY SECURITY GRANTED BY THE BORROWER ON THE BORROWER’S
PROPERTY PURSUANT TO THE LAWS OF THE PROVINCE OF QUEBEC TO SECURE PAYMENT OF ANY
BOND (THE “BOND”), BE THE HOLDER OF AN IRREVOCABLE POWER OF ATTORNEY (FONDÉ DE
POUVOIR) (WITHIN THE MEANING OF THE CIVIL CODE OF QUEBEC) FOR ALL PRESENT AND
FUTURE LENDERS AND IN PARTICULAR FOR ALL PRESENT AND FUTURE HOLDERS OF THE
BOND.  EACH OF THE AGENT AND THE LENDERS HEREBY IRREVOCABLY CONSTITUTES, TO THE
EXTENT NECESSARY, THE AGENT AS THE HOLDER OF AN IRREVOCABLE POWER OF ATTORNEY
(FONDÉ DE POUVOIR) (WITHIN THE MEANING OF ARTICLE 2692 OF THE CIVIL CODE OF
QUEBEC) IN ORDER TO HOLD SECURITY GRANTED BY THE BORROWER IN THE PROVINCE OF
QUEBEC TO SECURE THE BOND.  EACH LENDER HEREBY FURTHER CONSTITUTES AND APPOINTS
THE AGENT AS MANDATARY IN ORDER TO HOLD THE BOND FOR AND ON BEHALF OF THE
LENDERS.  EACH ELIGIBLE ASSIGNEE HEREUNDER SHALL BE DEEMED TO HAVE CONFIRMED AND
RATIFIED THE CONSTITUTION OF THE AGENT AS THE HOLDER OF SUCH IRREVOCABLE POWER
OF ATTORNEY (FONDÉ DE POUVOIR) AND THE CONSTITUTION AND APPOINTMENT OF THE AGENT
AS MANDATARY TO HOLD THE BONDS FOR AND ON BEHALF OF THE LENDER BY THE EXECUTION
OF THE RELEVANT ASSIGNMENT AGREEMENT.  NOTWITHSTANDING THE PROVISIONS OF
SECTION 32 OF THE AN ACT RESPECTING THE SPECIAL POWERS OF LEGAL PERSONS
(QUEBEC), THE AGENT MAY ACQUIRE AND BE THE HOLDER OF THE BOND. THE BORROWER
HEREBY ACKNOWLEDGES THAT THE BONDS CONSTITUTE A TITLE OF INDEBTEDNESS, AS SUCH
TERM IS USED IN ARTICLE 2692 OF THE CIVIL CODE OF QUEBEC.

 

ARTICLE XI

SETOFF; RATABLE PAYMENTS

 

11.1.                        SETOFF.  IN ADDITION TO, AND WITHOUT LIMITATION OF,
ANY RIGHTS OF THE LENDERS UNDER APPLICABLE LAW, IF ANY DEFAULT OCCURS AND
CONTINUES, ANY AND ALL DEPOSITS (INCLUDING ALL ACCOUNT BALANCES, WHETHER
PROVISIONAL OR FINAL AND WHETHER OR NOT COLLECTED OR AVAILABLE) AND ANY OTHER
INDEBTEDNESS AT ANY TIME OWING BY ANY LENDER OR ANY AFFILIATE OF ANY LENDER TO
OR FOR THE CREDIT

 

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OR ACCOUNT OF ANY CREDIT PARTY MAY BE OFFSET AND APPLIED TOWARD THE PAYMENT OF
THE SECURED OBLIGATIONS THEN DUE AND OWING TO SUCH LENDER, AND EACH LENDER SHALL
ENDEAVOR TO GIVE NOTICE OF ANY SUCH SET-OFF TO THE BORROWER, PROVIDED THAT THE
FAILURE OF ANY LENDER TO GIVE SUCH NOTICE SHALL NOT IN ANY WAY LIMIT ANY
LENDER’S RIGHTS UNDER THIS SECTION 11.1.

 

11.2.                        RATABLE PAYMENTS.  IF ANY LENDER, WHETHER BY SETOFF
OR OTHERWISE, HAS PAYMENT MADE TO IT UPON ITS OUTSTANDING CREDIT EXPOSURE (OTHER
THAN PAYMENTS RECEIVED PURSUANT TO SECTION 3.1, 3.2, 3.4 OR 3.5) IN A GREATER
PROPORTION THAN THAT RECEIVED BY ANY OTHER LENDER, SUCH LENDER AGREES, PROMPTLY
UPON DEMAND, TO PURCHASE A PARTICIPATION IN THE AGGREGATE OUTSTANDING CREDIT
EXPOSURE HELD BY THE OTHER LENDERS SO THAT AFTER SUCH PURCHASE EACH LENDER WILL
HOLD ITS PRO RATA SHARE OF THE AGGREGATE OUTSTANDING CREDIT EXPOSURE.  IF ANY
LENDER, WHETHER IN CONNECTION WITH SETOFF OR AMOUNTS WHICH MIGHT BE SUBJECT TO
SETOFF OR OTHERWISE, RECEIVES COLLATERAL OR OTHER PROTECTION FOR ITS OBLIGATIONS
OR SUCH AMOUNTS WHICH MAY BE SUBJECT TO SETOFF, SUCH LENDER AGREES, PROMPTLY
UPON DEMAND, TO TAKE SUCH ACTION NECESSARY SUCH THAT ALL LENDERS SHARE IN THE
BENEFITS OF SUCH COLLATERAL RATABLY IN PROPORTION TO THEIR RESPECTIVE PRO RATA
SHARES OF THE AGGREGATE OUTSTANDING CREDIT EXPOSURE.  IN CASE ANY SUCH PAYMENT
IS DISTURBED BY LEGAL PROCESS, OR OTHERWISE, APPROPRIATE FURTHER ADJUSTMENTS
SHALL BE MADE.

 

ARTICLE XII

BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

 

12.1.                        SUCCESSORS AND ASSIGNS; DESIGNATED LENDERS.

 

12.1.1  SUCCESSORS AND ASSIGNS.  THE TERMS AND PROVISIONS OF THE LOAN DOCUMENTS
SHALL BE BINDING UPON AND INURE TO THE BENEFIT OF THE BORROWER, THE PARENT, THE
AGENT AND THE LENDERS AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS PERMITTED
HEREBY, EXCEPT THAT (I) NEITHER THE PARENT NOR THE BORROWER SHALL HAVE ANY RIGHT
TO ASSIGN ITS RIGHTS OR OBLIGATIONS UNDER THE LOAN DOCUMENTS WITHOUT THE PRIOR
WRITTEN CONSENT OF EACH LENDER, (II) ANY ASSIGNMENT BY ANY LENDER MUST BE MADE
IN COMPLIANCE WITH SECTION 12.3, AND (III) ANY TRANSFER BY PARTICIPANTS MUST BE
MADE IN COMPLIANCE WITH SECTION 12.2.  ANY ATTEMPTED ASSIGNMENT OR TRANSFER BY
ANY PARTY NOT MADE IN COMPLIANCE WITH THIS SECTION 12.1 SHALL BE NULL AND VOID,
UNLESS SUCH ATTEMPTED ASSIGNMENT OR TRANSFER IS TREATED AS A PARTICIPATION IN
ACCORDANCE WITH SECTION 12.3.2.  THE PARTIES TO THIS AGREEMENT ACKNOWLEDGE THAT
CLAUSE (II) OF THIS SECTION 12.1 RELATES ONLY TO ABSOLUTE ASSIGNMENTS AND THIS
SECTION 12.1 DOES NOT PROHIBIT ASSIGNMENTS CREATING SECURITY INTERESTS,
INCLUDING, WITHOUT LIMITATION, (X) ANY PLEDGE OR ASSIGNMENT BY ANY LENDER OF ALL
OR ANY PORTION OF ITS RIGHTS UNDER THIS AGREEMENT AND ANY NOTE TO A FEDERAL
RESERVE BANK, (Y) IN THE CASE OF A LENDER WHICH IS A FUND, ANY PLEDGE OR
ASSIGNMENT OF ALL OR ANY PORTION OF ITS RIGHTS UNDER THIS AGREEMENT AND ANY NOTE
TO ITS TRUSTEE IN SUPPORT OF ITS OBLIGATIONS TO ITS TRUSTEE OR (Z) ANY PLEDGE OR
ASSIGNMENT BY ANY LENDER OF ALL OR ANY PORTION OF ITS RIGHTS UNDER THIS
AGREEMENT AND ANY NOTE TO DIRECT OR INDIRECT CONTRACTUAL COUNTERPARTIES IN
CREDIT DERIVATIVE TRANSACTIONS RELATING TO THE REVOLVING LOANS; PROVIDED,
HOWEVER, THAT NO SUCH PLEDGE OR ASSIGNMENT CREATING A SECURITY INTEREST SHALL
RELEASE THE TRANSFEROR LENDER FROM ITS OBLIGATIONS HEREUNDER UNLESS AND UNTIL
THE PARTIES THERETO HAVE COMPLIED WITH THE PROVISIONS OF SECTION 12.3.  THE
AGENT MAY TREAT THE PERSON WHICH MADE ANY REVOLVING LOAN OR WHICH HOLDS ANY NOTE
AS THE OWNER THEREOF FOR ALL PURPOSES

 

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HEREOF UNLESS AND UNTIL SUCH PERSON COMPLIES WITH SECTION 12.3; PROVIDED,
HOWEVER, THAT THE AGENT MAY IN ITS DISCRETION (BUT SHALL NOT BE REQUIRED TO)
FOLLOW INSTRUCTIONS FROM THE PERSON WHICH MADE ANY REVOLVING LOAN OR WHICH HOLDS
ANY NOTE TO DIRECT PAYMENTS RELATING TO SUCH REVOLVING LOAN OR NOTE TO ANOTHER
PERSON.  ANY ASSIGNEE OF THE RIGHTS TO ANY REVOLVING LOAN OR ANY NOTE AGREES BY
ACCEPTANCE OF SUCH ASSIGNMENT TO BE BOUND BY ALL THE TERMS AND PROVISIONS OF THE
LOAN DOCUMENTS.  ANY REQUEST, AUTHORITY OR CONSENT OF ANY PERSON, WHO AT THE
TIME OF MAKING SUCH REQUEST OR GIVING SUCH AUTHORITY OR CONSENT IS THE OWNER OF
THE RIGHTS TO ANY REVOLVING LOAN (WHETHER OR NOT A NOTE HAS BEEN ISSUED IN
EVIDENCE THEREOF), SHALL BE CONCLUSIVE AND BINDING ON ANY SUBSEQUENT HOLDER OR
ASSIGNEE OF THE RIGHTS TO SUCH REVOLVING LOAN.

 

12.1.2  DESIGNATED LENDERS.

 

(I)                                     SUBJECT TO THE TERMS AND CONDITIONS SET
FORTH IN THIS SECTION 12.1.2, ANY LENDER MAY FROM TIME TO TIME ELECT TO
DESIGNATE AN ELIGIBLE DESIGNEE TO PROVIDE ALL OR ANY PART OF THE REVOLVING LOANS
TO BE MADE BY SUCH LENDER PURSUANT TO THIS AGREEMENT; PROVIDED THAT THE
DESIGNATION OF AN ELIGIBLE DESIGNEE BY ANY LENDER FOR PURPOSES OF THIS
SECTION 12.1.2 SHALL BE SUBJECT TO THE APPROVAL OF THE AGENT (WHICH CONSENT
SHALL NOT BE UNREASONABLY WITHHELD OR DELAYED).  UPON THE EXECUTION BY THE
PARTIES TO EACH SUCH DESIGNATION OF AN AGREEMENT IN THE FORM OF EXHIBIT E HERETO
(A “DESIGNATION AGREEMENT”) AND THE ACCEPTANCE THEREOF BY THE AGENT, THE
ELIGIBLE DESIGNEE SHALL BECOME A DESIGNATED LENDER FOR PURPOSES OF THIS
AGREEMENT.  THE DESIGNATING LENDER SHALL THEREAFTER HAVE THE RIGHT TO PERMIT THE
DESIGNATED LENDER TO PROVIDE ALL OR A PORTION OF THE REVOLVING LOANS TO BE MADE
BY THE DESIGNATING LENDER PURSUANT TO THE TERMS OF THIS AGREEMENT AND THE MAKING
OF THE REVOLVING LOANS OR PORTION THEREOF SHALL SATISFY THE OBLIGATIONS OF THE
DESIGNATING LENDER TO THE SAME EXTENT, AND AS IF, SUCH REVOLVING LOAN WAS MADE
BY THE DESIGNATING LENDER.  AS TO ANY REVOLVING LOAN MADE BY IT, EACH DESIGNATED
LENDER SHALL HAVE ALL THE RIGHTS A LENDER MAKING SUCH REVOLVING LOAN WOULD HAVE
UNDER THIS AGREEMENT AND OTHERWISE; PROVIDED, (X) THAT ALL VOTING RIGHTS UNDER
THIS AGREEMENT SHALL BE EXERCISED SOLELY BY THE DESIGNATING LENDER, (Y) EACH
DESIGNATING LENDER SHALL REMAIN SOLELY RESPONSIBLE TO THE OTHER PARTIES HERETO
FOR ITS OBLIGATIONS UNDER THIS AGREEMENT, INCLUDING THE OBLIGATIONS OF A LENDER
IN RESPECT OF REVOLVING LOANS MADE BY ITS DESIGNATED LENDER AND (Z) NO
DESIGNATED LENDER SHALL BE ENTITLED TO REIMBURSEMENT UNDER ARTICLE III HEREOF
FOR ANY AMOUNT WHICH WOULD EXCEED THE AMOUNT THAT WOULD HAVE BEEN PAYABLE BY THE
BORROWER TO THE LENDER FROM WHICH THE DESIGNATED LENDER OBTAINED ANY INTERESTS
HEREUNDER.  NO ADDITIONAL NOTES SHALL BE REQUIRED WITH RESPECT TO REVOLVING
LOANS PROVIDED BY A DESIGNATED LENDER; PROVIDED, HOWEVER, TO THE EXTENT ANY
DESIGNATED LENDER SHALL ADVANCE FUNDS, THE DESIGNATING LENDER SHALL BE DEEMED TO
HOLD THE NOTES IN ITS POSSESSION AS AN AGENT FOR SUCH DESIGNATED LENDER TO THE
EXTENT OF THE REVOLVING LOAN FUNDED BY SUCH DESIGNATED LENDER.  SUCH DESIGNATING
LENDER SHALL ACT AS ADMINISTRATIVE AGENT FOR ITS DESIGNATED LENDER AND GIVE AND
RECEIVE NOTICES AND COMMUNICATIONS HEREUNDER.  ANY PAYMENTS FOR THE ACCOUNT OF
ANY DESIGNATED LENDER SHALL BE PAID TO ITS DESIGNATING LENDER AS ADMINISTRATIVE
AGENT FOR SUCH DESIGNATED LENDER AND NEITHER THE BORROWER NOR THE AGENT SHALL BE
RESPONSIBLE FOR ANY DESIGNATING LENDER’S APPLICATION OF SUCH

 

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PAYMENTS.  IN ADDITION, ANY DESIGNATED LENDER MAY (1) WITH NOTICE TO, BUT
WITHOUT THE CONSENT OF THE BORROWER OR THE AGENT, ASSIGN ALL OR PORTIONS OF ITS
INTERESTS IN ANY REVOLVING LOANS TO ITS DESIGNATING LENDER OR TO ANY FINANCIAL
INSTITUTION CONSENTED TO BY THE AGENT AND, SO LONG AS NO DEFAULT SHALL BE
CONTINUING, THE BORROWER, PROVIDING LIQUIDITY AND/OR CREDIT FACILITIES TO OR FOR
THE ACCOUNT OF SUCH DESIGNATED LENDER AND (2) SUBJECT TO ADVISING ANY SUCH
PERSON THAT SUCH INFORMATION IS TO BE TREATED AS CONFIDENTIAL IN ACCORDANCE WITH
SECTION 9.11, DISCLOSE ON A CONFIDENTIAL BASIS ANY NON-PUBLIC INFORMATION
RELATING TO ITS REVOLVING LOANS TO ANY RATING AGENCY, COMMERCIAL PAPER DEALER OR
PROVIDER OF ANY GUARANTEE, SURETY OR CREDIT OR LIQUIDITY ENHANCEMENT TO SUCH
DESIGNATED LENDER.  IN ADDITION, EACH SUCH DESIGNATING LENDER THAT ELECTS TO
DESIGNATE AN ELIGIBLE DESIGNEE AND SUCH ELIGIBLE DESIGNEE BECOMES A DESIGNATED
LENDER, (I) SHALL KEEP A REGISTER FOR THE REGISTRATION RELATING TO EACH SUCH
REVOLVING LOAN, SPECIFYING SUCH DESIGNATED LENDER’S NAME, ADDRESS AND
ENTITLEMENT TO PAYMENTS OF PRINCIPAL AND INTEREST WITH RESPECT TO SUCH REVOLVING
LOAN AND EACH TRANSFER THEREOF AND THE NAME AND ADDRESS OF EACH TRANSFEREES AND
(II) SHALL COLLECT, PRIOR TO THE TIME SUCH DESIGNATED LENDER RECEIVES PAYMENT
WITH RESPECT TO SUCH REVOLVING LOANS FROM EACH SUCH DESIGNATED LENDER, THE
APPROPRIATE FORMS, CERTIFICATES, AND STATEMENTS DESCRIBED IN SECTION 3.5 (AND
UPDATED AS REQUIRED BY SECTION 3.5) AS IF SUCH DESIGNATED LENDER WERE A LENDER
UNDER SECTION 3.5.

 

(II)                                  EACH PARTY TO THIS AGREEMENT HEREBY AGREES
THAT IT SHALL NOT INSTITUTE AGAINST, OR JOIN ANY OTHER PERSON IN INSTITUTING
AGAINST, ANY DESIGNATED LENDER ANY BANKRUPTCY, REORGANIZATION, ARRANGEMENT,
INSOLVENCY OR LIQUIDATION PROCEEDING OR OTHER PROCEEDINGS UNDER ANY FEDERAL OR
STATE BANKRUPTCY OR SIMILAR LAW FOR ONE YEAR AND A DAY AFTER THE PAYMENT IN FULL
OF ALL OUTSTANDING SENIOR INDEBTEDNESS OF ANY DESIGNATED LENDER; PROVIDED THAT
THE DESIGNATING LENDER FOR EACH DESIGNATED LENDER HEREBY AGREES TO INDEMNIFY,
SAVE AND HOLD HARMLESS EACH OTHER PARTY HERETO FOR ANY LOSS, COST, DAMAGE AND
EXPENSE ARISING OUT OF ITS INABILITY TO INSTITUTE ANY SUCH PROCEEDING AGAINST
SUCH DESIGNATED LENDER.  THIS SECTION 12.1.2 SHALL SURVIVE THE TERMINATION OF
THIS AGREEMENT.

 

12.2.                        PARTICIPATIONS.

 

12.2.1  PERMITTED PARTICIPANTS; EFFECT.  ANY LENDER MAY AT ANY TIME SELL TO ONE
OR MORE BANKS OR OTHER ENTITIES (“PARTICIPANTS”) PARTICIPATING INTERESTS IN ANY
OUTSTANDING CREDIT EXPOSURE OF SUCH LENDER, ANY NOTE HELD BY SUCH LENDER, ANY
COMMITMENT OF SUCH LENDER OR ANY OTHER INTEREST OF SUCH LENDER UNDER THE LOAN
DOCUMENTS.  IN THE EVENT OF ANY SUCH SALE BY A LENDER OF PARTICIPATING INTERESTS
TO A PARTICIPANT, SUCH LENDER’S OBLIGATIONS UNDER THE LOAN DOCUMENTS SHALL
REMAIN UNCHANGED, SUCH LENDER SHALL REMAIN SOLELY RESPONSIBLE TO THE OTHER
PARTIES HERETO FOR THE PERFORMANCE OF SUCH OBLIGATIONS, SUCH LENDER SHALL REMAIN
THE OWNER OF ITS OUTSTANDING CREDIT EXPOSURE AND THE HOLDER OF ANY NOTE ISSUED
TO IT IN EVIDENCE THEREOF FOR ALL PURPOSES UNDER THE LOAN DOCUMENTS, ALL AMOUNTS
PAYABLE BY THE BORROWER UNDER THIS AGREEMENT SHALL BE DETERMINED AS IF SUCH
LENDER HAD NOT SOLD SUCH PARTICIPATING INTERESTS, AND THE BORROWER AND THE AGENT
SHALL CONTINUE TO DEAL SOLELY AND DIRECTLY WITH SUCH LENDER IN CONNECTION WITH
SUCH LENDER’S RIGHTS AND OBLIGATIONS UNDER THE LOAN DOCUMENTS.  IN ADDITION,
EACH SUCH LENDER THAT

 

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SELLS ANY PARTICIPATING INTEREST TO A PARTICIPANT UNDER THIS SECTION 12.2.1,
(I) SHALL KEEP A REGISTER FOR THE REGISTRATION RELATING TO EACH SUCH
PARTICIPATION, SPECIFYING SUCH PARTICIPANT’S NAME, ADDRESS AND ENTITLEMENT TO
PAYMENT OF PRINCIPAL AND INTEREST WITH RESPECT TO SUCH PARTICIPATION AND EACH
TRANSFER THEREOF AND THE NAME AND ADDRESS OF EACH TRANSFEREE, AND (II) SHALL
COLLECT PRIOR TO THE TIME SUCH PARTICIPANT RECEIVES PAYMENTS WITH RESPECT TO
SUCH PARTICIPATION, FROM EACH SUCH PARTICIPANT THE APPROPRIATE FORMS,
CERTIFICATES AND STATEMENTS DESCRIBED IN SECTION 3.5 (AND UPDATED AS REQUIRED BY
SECTION 3.5) AS IF SUCH PARTICIPANT WERE A LENDER UNDER SECTION 3.5.

 

12.2.2  VOTING RIGHTS.  EACH LENDER SHALL RETAIN THE SOLE RIGHT TO APPROVE,
WITHOUT THE CONSENT OF ANY PARTICIPANT, ANY AMENDMENT, MODIFICATION OR WAIVER OF
ANY PROVISION OF THE LOAN DOCUMENTS OTHER THAN ANY AMENDMENT, MODIFICATION OR
WAIVER WITH RESPECT TO ANY CREDIT EXTENSION OR COMMITMENT IN WHICH SUCH
PARTICIPANT HAS AN INTEREST WHICH WOULD REQUIRE CONSENT OF ALL OF THE LENDERS
PURSUANT TO THE TERMS OF SECTION 8.2.

 

12.2.3  BENEFIT OF CERTAIN PROVISIONS.  EACH OF THE PARENT AND THE BORROWER
AGREES THAT EACH PARTICIPANT SHALL BE DEEMED TO HAVE THE RIGHT OF SETOFF
PROVIDED IN SECTION 11.1 IN RESPECT OF ITS PARTICIPATING INTEREST IN AMOUNTS
OWING UNDER THE LOAN DOCUMENTS TO THE SAME EXTENT AS IF THE AMOUNT OF ITS
PARTICIPATING INTEREST WERE OWING DIRECTLY TO IT AS A LENDER UNDER THE LOAN
DOCUMENTS, PROVIDED THAT EACH LENDER SHALL RETAIN THE RIGHT OF SETOFF PROVIDED
IN SECTION 11.1 WITH RESPECT TO THE AMOUNT OF PARTICIPATING INTERESTS SOLD TO
EACH PARTICIPANT.  THE LENDERS AGREE TO SHARE WITH EACH PARTICIPANT, AND EACH
PARTICIPANT, BY EXERCISING THE RIGHT OF SETOFF PROVIDED IN SECTION 11.1, AGREES
TO SHARE WITH EACH LENDER, ANY AMOUNT RECEIVED PURSUANT TO THE EXERCISE OF ITS
RIGHT OF SETOFF, SUCH AMOUNTS TO BE SHARED IN ACCORDANCE WITH SECTION 11.2 AS IF
EACH PARTICIPANT WERE A LENDER.  EACH OF THE PARENT AND THE BORROWER FURTHER
AGREES THAT EACH PARTICIPANT SHALL BE ENTITLED TO THE BENEFITS OF SECTIONS 3.1,
3.2, 3.4 AND 3.5 TO THE SAME EXTENT AS IF IT WERE A LENDER AND HAD ACQUIRED ITS
INTEREST BY ASSIGNMENT PURSUANT TO SECTION 12.3, PROVIDED THAT (I) A PARTICIPANT
SHALL NOT BE ENTITLED TO RECEIVE ANY GREATER PAYMENT UNDER SECTION 3.1, 3.2, 3.4
OR 3.5 THAN THE LENDER WHO SOLD THE PARTICIPATING INTEREST TO SUCH PARTICIPANT
WOULD HAVE RECEIVED HAD IT RETAINED SUCH INTEREST FOR ITS OWN ACCOUNT, UNLESS
THE SALE OF SUCH INTEREST TO SUCH PARTICIPANT IS MADE WITH THE PRIOR WRITTEN
CONSENT OF THE BORROWER, AND (II) EACH PARTICIPANT AGREES TO COMPLY WITH THE
PROVISIONS OF SECTION 3.5 TO THE SAME EXTENT AS IF IT WERE A LENDER.

 

12.3.                        ASSIGNMENTS.

 

12.3.1  PERMITTED ASSIGNMENTS.  ANY LENDER MAY AT ANY TIME ASSIGN TO ONE OR MORE
BANKS OR OTHER ENTITIES (“PURCHASERS”) ALL OR ANY PART OF ITS RIGHTS AND
OBLIGATIONS UNDER THE LOAN DOCUMENTS.  SUCH ASSIGNMENT SHALL BE EVIDENCED BY AN
AGREEMENT SUBSTANTIALLY IN THE FORM OF EXHIBIT C OR IN SUCH OTHER FORM AS MAY BE
AGREED TO BY THE PARTIES THERETO (EACH SUCH AGREEMENT, AN “ASSIGNMENT
AGREEMENT”).  EACH SUCH ASSIGNMENT WITH RESPECT TO A PURCHASER WHICH IS NOT A
LENDER OR AN AFFILIATE OF A LENDER OR AN APPROVED FUND SHALL, UNLESS OTHERWISE
CONSENTED TO IN WRITING BY THE BORROWER AND THE AGENT, EITHER BE IN AN AMOUNT
EQUAL TO THE ENTIRE APPLICABLE OUTSTANDING CREDIT EXPOSURE OF THE ASSIGNING
LENDER OR (UNLESS EACH OF THE AGENT AND, PRIOR TO THE OCCURRENCE AND CONTINUANCE
OF A DEFAULT, THE BORROWER, OTHERWISE CONSENTS) BE IN AN

 

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AGGREGATE AMOUNT NOT LESS THAN $5,000,000. THE AMOUNT OF THE ASSIGNMENT SHALL BE
BASED ON THE OUTSTANDING CREDIT EXPOSURE SUBJECT TO THE ASSIGNMENT, DETERMINED
AS OF THE DATE OF SUCH ASSIGNMENT OR AS OF THE “TRADE DATE,” IF THE “TRADE DATE”
IS SPECIFIED IN THE ASSIGNMENT AGREEMENT.

 

12.3.2  CONSENTS.  THE CONSENT OF THE BORROWER SHALL BE REQUIRED PRIOR TO AN
ASSIGNMENT BECOMING EFFECTIVE UNLESS THE PURCHASER IS A LENDER, AN AFFILIATE OF
A LENDER OR AN APPROVED FUND (OTHER THAN A LENDER OR AFFILIATE OF A LENDER OR AN
APPROVED FUND THAT BECOMES A LENDER SOLELY BY MEANS OF THE SETTLEMENT OF A
CREDIT DERIVATIVE), PROVIDED THAT THE CONSENT OF THE BORROWER SHALL NOT BE
REQUIRED IF (I) A DEFAULT HAS OCCURRED AND IS CONTINUING OR (II) IF SUCH
ASSIGNMENT IS IN CONNECTION WITH THE PHYSICAL SETTLEMENT OF ANY LENDER’S
OBLIGATIONS TO DIRECT OR INDIRECT CONTRACTUAL COUNTERPARTIES IN CREDIT
DERIVATIVE TRANSACTIONS RELATING TO THE REVOLVING LOANS; PROVIDED THAT THE
ASSIGNMENT WITHOUT THE BORROWER’S CONSENT PURSUANT TO CLAUSE (II) SHALL NOT
INCREASE THE BORROWER’S LIABILITY UNDER SECTION 3.5.  THE CONSENT OF THE AGENT
SHALL BE REQUIRED PRIOR TO AN ASSIGNMENT BECOMING EFFECTIVE UNLESS THE PURCHASER
IS A LENDER, AN AFFILIATE OF A LENDER OR AN APPROVED FUND (OTHER THAN A LENDER
OR AFFILIATE OF A LENDER OR AN APPROVED FUND THAT BECOMES A LENDER SOLELY BY
MEANS OF THE SETTLEMENT OF A CREDIT DERIVATIVE).  ANY CONSENT REQUIRED UNDER
THIS SECTION 12.3.2 SHALL NOT BE UNREASONABLY WITHHELD OR DELAYED.

 

12.3.3  EFFECT; EFFECTIVE DATE.  UPON (I) DELIVERY TO THE AGENT OF AN ASSIGNMENT
AGREEMENT, TOGETHER WITH ANY CONSENTS REQUIRED BY SECTIONS 12.3.1 AND 12.3.2,
AND (II) PAYMENT OF A $3,500 FEE TO THE AGENT BY THE ASSIGNING LENDER OR THE
PURCHASER FOR PROCESSING SUCH ASSIGNMENT (UNLESS SUCH FEE IS WAIVED BY THE AGENT
OR UNLESS SUCH ASSIGNMENT IS MADE TO SUCH ASSIGNING LENDER’S AFFILIATE), SUCH
ASSIGNMENT SHALL BECOME EFFECTIVE ON THE EFFECTIVE DATE SPECIFIED IN SUCH
ASSIGNMENT.  THE ASSIGNMENT AGREEMENT SHALL CONTAIN A REPRESENTATION AND
WARRANTY BY THE PURCHASER TO THE EFFECT THAT NONE OF THE FUNDS, MONEY, ASSETS OR
OTHER CONSIDERATION USED TO MAKE THE PURCHASE AND ASSUMPTION OF THE COMMITMENT
AND OUTSTANDING CREDIT EXPOSURE UNDER THE APPLICABLE ASSIGNMENT AGREEMENT
CONSTITUTES “PLAN ASSETS” AS DEFINED UNDER ERISA AND THAT THE RIGHTS, BENEFITS
AND INTERESTS OF THE PURCHASER IN AND UNDER THE LOAN DOCUMENTS WILL NOT BE “PLAN
ASSETS” UNDER ERISA.  ON AND AFTER THE EFFECTIVE DATE OF SUCH ASSIGNMENT, SUCH
PURCHASER SHALL FOR ALL PURPOSES BE A LENDER PARTY TO THIS AGREEMENT AND ANY
OTHER LOAN DOCUMENT EXECUTED BY OR ON BEHALF OF THE LENDERS AND SHALL HAVE ALL
THE RIGHTS, BENEFITS AND OBLIGATIONS OF A LENDER UNDER THE LOAN DOCUMENTS, TO
THE SAME EXTENT AS IF IT WERE AN ORIGINAL PARTY THERETO, AND THE TRANSFEROR
LENDER SHALL BE RELEASED FROM ANY FURTHER OBLIGATIONS WITH RESPECT TO THE
OUTSTANDING CREDIT EXPOSURE ASSIGNED TO SUCH PURCHASER WITHOUT ANY FURTHER
CONSENT OR ACTION BY THE BORROWER, THE PARENT, THE LENDERS OR THE AGENT.  IN THE
CASE OF AN ASSIGNMENT COVERING ALL OF THE ASSIGNING LENDER’S RIGHTS, BENEFITS
AND OBLIGATIONS UNDER THIS AGREEMENT, SUCH LENDER SHALL CEASE TO BE A LENDER
HEREUNDER BUT SHALL CONTINUE TO BE ENTITLED TO THE BENEFITS OF, AND SUBJECT TO,
THOSE PROVISIONS OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS WHICH SURVIVE
PAYMENT OF THE OBLIGATIONS AND TERMINATION OF THE LOAN DOCUMENTS.  ANY
ASSIGNMENT OR TRANSFER BY A LENDER OF RIGHTS OR OBLIGATIONS UNDER THIS AGREEMENT
THAT DOES NOT COMPLY WITH THIS SECTION 12.3 SHALL BE TREATED FOR PURPOSES OF
THIS AGREEMENT AS A SALE BY SUCH LENDER OF A PARTICIPATION IN SUCH RIGHTS AND
OBLIGATIONS IN ACCORDANCE WITH SECTION 12.2.  UPON THE CONSUMMATION OF ANY
ASSIGNMENT TO A PURCHASER PURSUANT TO THIS SECTION 12.3.3, THE

 

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TRANSFEROR LENDER, THE AGENT AND THE BORROWER SHALL, IF THE TRANSFEROR LENDER OR
THE PURCHASER DESIRES THAT ITS REVOLVING LOANS BE EVIDENCED BY NOTES, MAKE
APPROPRIATE ARRANGEMENTS SO THAT, UPON CANCELLATION AND SURRENDER TO THE
BORROWER OF THE NOTES (IF ANY) HELD BY THE TRANSFEROR LENDER, NEW NOTES OR, AS
APPROPRIATE, REPLACEMENT NOTES ARE ISSUED TO SUCH TRANSFEROR LENDER, IF
APPLICABLE, AND NEW NOTES OR, AS APPROPRIATE, REPLACEMENT NOTES, ARE ISSUED TO
SUCH PURCHASER, IN EACH CASE IN PRINCIPAL AMOUNTS REFLECTING THEIR RESPECTIVE
COMMITMENTS (OR, IF THE FACILITY TERMINATION DATE HAS OCCURRED, THEIR RESPECTIVE
OUTSTANDING CREDIT EXPOSURE), AS ADJUSTED PURSUANT TO SUCH ASSIGNMENT.  EACH
PURCHASER SHALL NOT BE ENTITLED TO RECEIVE ANY GREATER PAYMENT UNDER SECTION 3.5
THAN THE TRANSFEROR LENDER WOULD HAVE RECEIVED HAD SUCH TRANSFER NOT OCCURRED.

 

12.3.4  REGISTER.  THE AGENT, ACTING SOLELY FOR THIS PURPOSE AS AN AGENT OF THE
BORROWER (AND THE BORROWER HEREBY DESIGNATES THE AGENT TO ACT IN SUCH CAPACITY),
SHALL MAINTAIN AT ONE OF ITS OFFICES IN CHICAGO, ILLINOIS A COPY OF EACH
ASSIGNMENT AND ASSUMPTION DELIVERED TO IT AND A REGISTER (THE “REGISTER”) FOR
THE RECORDATION OF (A) THE NAMES AND ADDRESSES OF THE LENDERS AND THE
COMMITMENTS OF EACH LENDER PURSUANT TO THE TERMS HEREOF, (B) THE DATE AND THE
AMOUNT OF EACH REVOLVING LOAN MADE HEREUNDER, THE TYPE THEREOF AND THE INTEREST
PERIOD (IN THE CASE OF A EURODOLLAR ADVANCE) WITH RESPECT THERETO, AND THE
AMOUNT OF ANY PRINCIPAL OR INTEREST DUE AND PAYABLE OR TO BECOME DUE AND PAYABLE
FROM THE BORROWER TO EACH LENDER HEREUNDER, (C) THE ORIGINAL STATED AMOUNT OF
EACH FACILITY LC AND THE AMOUNT OF LC OBLIGATIONS (INCLUDING SPECIFYING
REIMBURSEMENT OBLIGATIONS) OUTSTANDING AT ANY TIME, (D) WHETHER A LENDER IS AN
ORIGINAL LENDER OR THE ASSIGNEE OF ANOTHER LENDER PURSUANT TO AN ASSIGNMENT
UNDER THIS SECTION 12.3 AND THE EFFECTIVE DATE AND AMOUNT OF EACH ASSIGNMENT
AGREEMENT DELIVERED TO AND ACCEPTED BY IT AND THE PARTIES THERETO PURSUANT TO
SECTION 12.3, (E) THE AMOUNT OF ANY SUM RECEIVED BY THE AGENT HEREUNDER FROM THE
BORROWER AND EACH LENDER’S SHARE THEREOF, AND (F) ALL OTHER APPROPRIATE DEBITS
AND CREDITS AS PROVIDED IN THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, ALL
FEES, CHARGES, EXPENSES AND INTEREST.  THE ENTRIES IN THE REGISTER SHALL BE
CONCLUSIVE, AND THE BORROWER, THE AGENT AND THE LENDERS MAY TREAT EACH PERSON
WHOSE NAME IS RECORDED IN THE REGISTER PURSUANT TO THE TERMS HEREOF AS A LENDER
HEREUNDER FOR ALL PURPOSES OF THIS AGREEMENT, NOTWITHSTANDING NOTICE TO THE
CONTRARY.  THE REGISTER SHALL BE AVAILABLE FOR INSPECTION BY THE BORROWER AND
ANY LENDER, AT ANY REASONABLE TIME AND FROM TIME TO TIME UPON REASONABLE PRIOR
NOTICE.

 

12.4.                        DISSEMINATION OF INFORMATION.  EACH OF THE PARENT
AND THE BORROWER AUTHORIZES EACH LENDER TO DISCLOSE TO ANY PARTICIPANT OR
PURCHASER OR ANY OTHER PERSON ACQUIRING AN INTEREST IN THE LOAN DOCUMENTS BY
OPERATION OF LAW (EACH A “TRANSFEREE”) AND ANY PROSPECTIVE TRANSFEREE ANY AND
ALL INFORMATION IN SUCH LENDER’S POSSESSION CONCERNING THE CREDITWORTHINESS OF
THE PARENT, THE BORROWER AND THE SUBSIDIARIES; PROVIDED THAT EACH TRANSFEREE AND
PROSPECTIVE TRANSFEREE AGREES TO BE BOUND BY SECTION 9.11 OF THIS AGREEMENT.

 

12.5.                        TAX CERTIFICATIONS.  IF ANY INTEREST IN ANY LOAN
DOCUMENT IS TRANSFERRED TO ANY TRANSFEREE, THE TRANSFEROR LENDER SHALL CAUSE
SUCH TRANSFEREE, CONCURRENTLY WITH THE EFFECTIVENESS OF SUCH TRANSFER, TO COMPLY
WITH THE PROVISIONS OF SECTION 3.5(IV) AND (VI).

 

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12.6.                        REIMBURSEMENT OBLIGATIONS.  FOR PURPOSES OF THIS
ARTICLE XII, WITH RESPECT TO EACH LETTER OF CREDIT, IF AN LC ISSUER TRANSFERS
ITS RIGHTS WITH RESPECT TO THE BORROWER’S OBLIGATION TO PAY REIMBURSEMENT
OBLIGATIONS IN RESPECT OF SUCH LETTER OF CREDIT, SUCH LC ISSUER SHALL GIVE
NOTICE OF SUCH TRANSFER TO THE AGENT FOR NOTATION IN THE REGISTER.

 

ARTICLE XIII

NOTICES

 

13.1.                        NOTICES.  EXCEPT AS OTHERWISE PERMITTED BY
SECTION 2.14, ALL NOTICES, REQUESTS AND OTHER COMMUNICATIONS TO ANY PARTY
HEREUNDER SHALL BE IN WRITING (INCLUDING ELECTRONIC TRANSMISSION, FACSIMILE
TRANSMISSION OR SIMILAR WRITING) AND SHALL BE GIVEN TO SUCH PARTY: (X) IN THE
CASE OF THE PARENT, THE BORROWER, THE LC ISSUERS, OR THE AGENT, AT ITS ADDRESS
OR FACSIMILE NUMBER SET FORTH ON THE SIGNATURE PAGES HEREOF, (Y) IN THE CASE OF
THE LENDERS, AT ITS ADDRESS OR FACSIMILE NUMBER SET FORTH IN ITS ADMINISTRATIVE
QUESTIONNAIRE OR (Z) IN THE CASE OF ANY PARTY, AT SUCH OTHER ADDRESS OR
FACSIMILE NUMBER AS SUCH PARTY MAY HEREAFTER SPECIFY FOR THE PURPOSE BY NOTICE
TO THE AGENT AND THE BORROWER IN ACCORDANCE WITH THE PROVISIONS OF THIS
SECTION 13.1.  EACH SUCH NOTICE, REQUEST OR OTHER COMMUNICATION SHALL BE
EFFECTIVE (I) IF GIVEN BY FACSIMILE TRANSMISSION, WHEN TRANSMITTED TO THE
FACSIMILE NUMBER SPECIFIED IN THIS SECTION AND CONFIRMATION OF RECEIPT IS
RECEIVED, (II) IF GIVEN BY MAIL, 72 HOURS AFTER SUCH COMMUNICATION IS DEPOSITED
IN THE MAILS WITH FIRST CLASS POSTAGE PREPAID, ADDRESSED AS AFORESAID, OR
(III) IF GIVEN BY ANY OTHER MEANS, WHEN DELIVERED (OR, IN THE CASE OF ELECTRONIC
TRANSMISSION, RECEIVED) AT THE ADDRESS SPECIFIED IN THIS SECTION; PROVIDED THAT
NOTICES TO THE AGENT UNDER ARTICLE II SHALL NOT BE EFFECTIVE UNTIL RECEIVED.

 

13.2.                        CHANGE OF ADDRESS.  THE BORROWER, THE PARENT, THE
AGENT, ANY LC ISSUER AND ANY LENDER MAY EACH CHANGE THE ADDRESS FOR SERVICE OF
NOTICE UPON IT BY A NOTICE IN WRITING TO THE OTHER PARTIES HERETO.

 

ARTICLE XIV

COUNTERPARTS

 

This Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one agreement, and any of the parties hereto may
execute this Agreement by signing any such counterpart.  This Agreement shall be
effective when it has been executed by the Borrower, the Parent, the Agent, the
LC Issuers and the Lenders and each party has notified the Agent by facsimile
transmission or telephone that it has taken such action.

 

ARTICLE XV

CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL

 

15.1.                        CHOICE OF LAW.  THE LOAN DOCUMENTS (OTHER THAN
THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION AND OTHER THAN
SECTION 10.16 OF THIS AGREEMENT) SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS, INCLUDING

 

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SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK BUT
OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS, OF THE STATE OF NEW
YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

 

15.2.                        CONSENT TO JURISDICTION.  EACH PARTY HERETO HEREBY
IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES
FEDERAL OR NEW YORK STATE COURT SITTING IN THE STATE, COUNTY AND CITY OF NEW
YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN
DOCUMENTS AND EACH PARTY HERETO HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN
RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH
COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO
THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT
SUCH COURT IS AN INCONVENIENT FORUM.  NOTHING HEREIN SHALL LIMIT THE RIGHT OF
ANY PARTY HERETO TO BRING PROCEEDINGS AGAINST ANY OTHER PARTY HERETO OR ANY
HOLDER OF SECURED OBLIGATIONS IN THE COURTS OF ANY OTHER JURISDICTION;  PROVIDED
THAT EACH OF THE PARENT AND THE BORROWER AGREES THAT IT WILL NOT ASSERT ANY
PERMISSIVE COUNTERCLAIMS IN ANY PROCEEDING BROUGHT BY ANY OF THE AGENT, ANY LC
ISSUER, ANY LENDER OR AN OTHER HOLDER OF SECURED OBLIGATIONS IN ANY PROCEEDING
BROUGHT BY SUCH PERSON TO (1) REALIZE ON ANY SECURITY FOR THE OBLIGATIONS OR
(2) TO ENFORCE A JUDGEMENT OR OTHER COURT ORDER IN FAVOR OF SUCH PERSON.

 

15.3.                        WAIVER OF JURY TRIAL.  THE BORROWER, THE PARENT,
THE AGENT, EACH LC ISSUER, EACH LENDER, AND EACH OTHER HOLDER OF SECURED
OBLIGATIONS HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING,
DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR
OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN
DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER.

 

ARTICLE XVI

 

NO NOVATION; CONTINUATION; REFERENCES TO THIS
AGREEMENT IN LOAN DOCUMENTS

 

16.1.                        NO NOVATION; CONTINUATION.  IT IS THE EXPRESS
INTENT OF THE PARTIES HERETO THAT THIS AGREEMENT (I) SHALL RE-EVIDENCE THE
BORROWER’S INDEBTEDNESS UNDER THE EXISTING CREDIT AGREEMENT, (II) IS ENTERED
INTO IN SUBSTITUTION FOR, AND NOT IN PAYMENT OF, THE OBLIGATIONS OF THE BORROWER
UNDER THE EXISTING CREDIT AGREEMENT AND (III) IS IN NO WAY INTENDED TO
CONSTITUTE A NOVATION OF ANY OF THE BORROWER’S INDEBTEDNESS WHICH WAS EVIDENCED
BY THE EXISTING CREDIT AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS.  ALL LOANS
MADE AND SECURED OBLIGATIONS INCURRED UNDER THE EXISTING CREDIT AGREEMENT WHICH
ARE OUTSTANDING ON THE RESTATEMENT EFFECTIVE DATE SHALL CONTINUE AS LOANS AND
SECURED OBLIGATIONS UNDER (AND SHALL BE GOVERNED BY

 

88

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THE TERMS OF) THIS AGREEMENT. WITHOUT LIMITING THE FOREGOING, UPON THE
EFFECTIVENESS HEREOF: (A) ALL LETTERS OF CREDIT ISSUED (OR DEEMED ISSUED) UNDER
THE EXISTING CREDIT AGREEMENT WHICH REMAIN OUTSTANDING ON THE RESTATEMENT
EFFECTIVE DATE SHALL CONTINUE AS FACILITY LCS UNDER (AND SHALL BE GOVERNED BY
THE TERMS OF) THIS AGREEMENT, (B) ALL SECURED OBLIGATIONS CONSTITUTING RATE
MANAGEMENT OBLIGATIONS WITH ANY LENDER OR ANY AFFILIATE OF ANY LENDER WHICH ARE
OUTSTANDING ON THE RESTATEMENT EFFECTIVE DATE SHALL CONTINUE AS SECURED
OBLIGATIONS UNDER THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, (C) THE AGENT
SHALL MAKE SUCH REALLOCATIONS OF EACH LENDER’S “OUTSTANDING CREDIT EXPOSURE”
UNDER THE EXISTING CREDIT AGREEMENT AS ARE NECESSARY IN ORDER THAT EACH SUCH
LENDER’S OUTSTANDING CREDIT EXPOSURE HEREUNDER REFLECTS SUCH LENDER’S PRO RATA
SHARE OF THE OUTSTANDING AGGREGATE OUTSTANDING CREDIT EXPOSURE AND (D) THE
EXISTING REVOLVING LOANS OF EACH DEPARTING LENDER SHALL BE REPAID IN FULL
(ACCOMPANIED BY ANY ACCRUED AND UNPAID INTEREST AND FEES THEREON), EACH
DEPARTING LENDER’S “COMMITMENT” UNDER THE EXISTING CREDIT AGREEMENT SHALL BE
TERMINATED AND EACH DEPARTING LENDER SHALL NOT BE A LENDER HEREUNDER.

 

16.2.                        REFERENCES TO THIS AGREEMENT IN OTHER LOAN
DOCUMENTS.  UPON THE EFFECTIVENESS OF THIS AGREEMENT, ON AND AFTER THE DATE
HEREOF, EACH REFERENCE IN ANY OTHER LOAN DOCUMENT TO THE EXISTING CREDIT
AGREEMENT (INCLUDING ANY REFERENCE THEREIN TO “THE CREDIT AGREEMENT,”
“THEREUNDER,” “THEREOF,” “THEREIN” OR WORDS OF LIKE IMPORT REFERRING THERETO)
SHALL MEAN AND BE A REFERENCE TO THIS AGREEMENT.

 

The remainder of this page is intentionally blank

 

89

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IN WITNESS WHEREOF, the Borrower, the Parent, the Lenders, the LC Issuers and
the Agent have executed this Agreement as of the date first above written.

 

 

 

UNITED STATIONERS SUPPLY CO.,

 

 as the Borrower

 

 

 

 

 

By:

 

 

 

Name:

Brian S. Cooper

 

Title:

Senior Vice President and Treasurer

 

 

 

Notice Information:

 

 

 

2200 East Golf Road

 

Des Plaines, Illinois 60016

 

Attn: General Counsel

 

Telephone: (847) 699-5000

 

Facsimile: (847) 699-1805

 

 

 

With a copy to:

 

 

 

2200 East Golf Road

 

Des Plaines, Illinois 60016

 

Attn: Treasurer

 

Telephone: (847) 627-2170

 

Facsimile: (847) 699-0027

 

90

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UNITED STATIONERS INC.,

 

as a Credit Party

 

 

 

 

 

By:

 

 

 

Name:

Brian S. Cooper

 

Title:

Senior Vice President and Treasurer

 

 

 

Notice Information:

 

 

 

2200 East Golf Road

 

Des Plaines, Illinois 60016

 

Attn: General Counsel

 

Telephone: (847) 699-5000

 

Facsimile: (847) 699-1805

 

 

 

With a copy to:

 

 

 

2200 East Golf Road

 

Des Plaines, Illinois 60016

 

Attn: Treasurer

 

Telephone: (847) 627-2170

 

Facsimile: (847) 699-0027

 

91

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JPMORGAN CHASE BANK, N.A.

 

(successor by merger to Bank One, NA (Illinois)),
individually, as an LC Issuer, and as Agent

 

 

 

 

 

 

By:

 

 

 

Name:

Sabir Hashmy

 

Title:

Vice President

 

 

 

 

Notice Information:

 

 

 

 

131 S. Dearborn St., Fl. 6

 

Chicago, IL 60603

 

Attn: Nathan Bloch

 

Telephone: (312) 325-3094

 

Facsimile: (312) 325-3077

 

92

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PNC BANK, NATIONAL ASSOCIATION

 

 

 

 

 

By:

 

 

 

Name:

Dorothy G.W. Brailer

 

Title:

Vice President

 

93

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U.S. BANK, NATIONAL ASSOCIATION

 

 

 

 

 

By:

 

 

 

Name:

R. Michael Newton

 

Title:

Vice President

 

94

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KEYBANK NATIONAL ASSOCIATION

 

 

 

 

 

 

By:

 

 

 

Name:

Frank Jancar

 

Title:

Vice President

 

95

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LASALLE BANK MIDWEST, N.A.

 

 

 

 

 

 

By:

 

 

 

Name:

Eric Haege

 

Title:

Vice President

 

96

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COMERICA BANK as Lender and a LC Issuing
Bank

 

 

 

 

 

 

By:

 

 

 

Name:

Felicia M. Maxwell

 

Title:

Vice President

 

97

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FIFTH THIRD BANK (CHICAGO), a Michigan
Banking Corporation

 

 

 

 

 

 

By:

 

 

 

Name:

Kim Puszczewicz

 

Title:

Vice President

 

98

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THE NORTHERN TRUST COMPANY

 

 

 

 

 

 

By:

 

 

 

Name:

Ashish S. Bhagwat

 

Title:

Vice-President

 

99

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UNION BANK OF CALIFORNIA, N.A.

 

 

 

 

 

 

By:

 

 

 

Name:

Matthew R. Krajniak

 

Title:

Assistant Vice President

 

100

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ASSOCIATED BANK, N.A.

 

 

 

 

 

 

By:

 

 

 

Name:

Daniel Holzhauer

 

Title:

AVP

 

101

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HIBERNIA NATIONAL BANK

 

 

 

 

 

 

By:

 

 

 

Name:

Andrew Booth

 

Title:

Vice President

 

102

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The undersigned Departing Lender hereby
acknowledges and agrees that, from and after the
Restatement Effective Date, it is no longer a party
to the Existing Credit Agreement.

 

 

 

 

BANK OF SCOTLAND,

 

as a Departing Lender

 

 

 

 

 

 

By:

 

 

 

Name:

Joseph Fratus

 

Title:

First Vice President

 

103

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

 

 

The undersigned Departing Lender hereby
acknowledges and agrees that, from and after the
Restatement Effective Date, it is no longer a party
to the Existing Credit Agreement.

 

 

 

 

OAK BROOK BANK, as a Departing Lender

 

 

 

 

 

 

By:

 

 

 

Name:

Henry Wessel

 

Title:

Vice President

 

104

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

 

 

The undersigned Departing Lender hereby
acknowledges and agrees that, from and after the
Restatement Effective Date, it is no longer a party
to the Existing Credit Agreement.

 

 

 

 

RZB FINANCE, LLC, CONNECTICUT

 

OFFICE, as a Departing Lender

 

 

 

 

 

 

By:

 

 

 

Name:

John A. Valiska

 

Title:

First Vice President

 

 

 

 

 

 

 

By:

 

 

 

Name:

Christoph Hoedl

 

Title:

Group Vice President

 

105

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

 

 

The undersigned Departing Lender hereby
acknowledges and agrees that, from and after the
Restatement Effective Date, it is no longer a party
to the Existing Credit Agreement.

 

 

 

 

FIRST BANK, as a Departing Lender

 

 

 

 

 

 

By:

 

 

 

Name:

Mark B. Monson

 

Title:

Vice President

 

106

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

 

 

The undersigned Departing Lender hereby
acknowledges and agrees that, from and after the
Restatement Effective Date, it is no longer a party
to the Existing Credit Agreement.

 

 

 

 

TRANSAMERICA BUSINESS CAPITAL CORPORATION, as a Departing Lender

 

 

 

 

 

 

By:

 

 

 

Name:

Brian P. Schwinn

 

Title:

Duly Authorized Signatory

 

107

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