Exhibit 10.1

EXECUTION VERSION

 

 

Published CUSIP Number: 03116HAF4

TERM LOAN FACILITY CREDIT AGREEMENT

Dated as of September 20, 2013

among

AMGEN INC.,

as the Borrower,

BANK OF AMERICA, N.A.,

as Administrative Agent,

The Banks Party Hereto,

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

BARCLAYS BANK PLC,

J.P. MORGAN SECURITIES LLC,

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

GOLDMAN SACHS BANK USA,

MORGAN STANLEY SENIOR FUNDING, INC.,

MIZUHO BANK, LTD.,

HSBC SECURITIES (USA), INC.,

RBC CAPITAL MARKETS,

SUMITOMO MITSUI BANKING CORPORATION,

and

CITIGROUP GLOBAL MARKETS INC.

as Lead Arrangers and Bookrunning Managers,

BARCLAYS BANK PLC

and

JPMORGAN CHASE BANK, N.A.,

as Syndication Agents,

and

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

GOLDMAN SACHS BANK USA,

MORGAN STANLEY SENIOR FUNDING, INC.,

MIZUHO BANK, LTD.,

HSBC BANK USA, NATIONAL ASSOCIATION,

ROYAL BANK OF CANADA,

SUMITOMO MITSUI BANKING CORPORATION

and

CITIBANK, N.A.

as Co-Documentation Agents

 

 

 

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EXECUTION VERSION

Table of Contents

 

              Page  

ARTICLE 1 DEFINITIONS AND ACCOUNTING TERMS

     1     

1.1

   Defined Terms      1     

1.2

   Use of Defined Terms      19     

1.3

   Accounting Terms      19     

1.4

   Rounding      20     

1.5

   Exhibits and Schedules      20     

1.6

   References to “the Borrower and its Subsidiaries”      20     

1.7

   Miscellaneous Terms      20    ARTICLE 2 LOANS      20     

2.1

   Advances – General      20     

2.2

   Base Rate Advances      23     

2.3

   Eurodollar Rate Advances      23     

2.4

   Voluntary Reduction of Commitment      24     

2.5

   Voluntary Conversion or Continuation of Advances      24     

2.6

   Administrative Agent’s Right to Assume Funds Available for Advances      25
    

2.7

   Defaulting Banks      26    ARTICLE 3 PAYMENTS AND FEES      27     

3.1

   Principal and Interest      27     

3.2

   Ticking Fee      28     

3.3

   Arranger Fees and Agency Fees      28     

3.4

   Capital Adequacy      29     

3.5

   Increased Costs      29     

3.6

   Default Rate      32     

3.7

   Computation of Interest and Fees      32     

3.8

   Non-Business Days      32     

3.9

   Manner and Treatment of Payments      32     

3.10

   Funding Sources      34     

3.11

   Failure to Charge Not Subsequent Waiver      35     

3.12

   Administrative Agent’s Right to Assume Payments Will be Made by Borrower     
35   

 

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3.13

   Fee Determination Detail      35     

3.14

   Survivability      35     

3.15

   Dodd-Frank, Etc      35     

3.16

   Replacement of Banks      35    ARTICLE 4 REPRESENTATIONS AND WARRANTIES     
36     

4.1

   Existence and Qualification; Power; Compliance With Laws      36     

4.2

   Authority; Compliance With Other Agreements and Instruments and Government
Regulations      37     

4.3

   No Governmental Approvals Required      37     

4.4

   Subsidiaries      37     

4.5

   Financial Statements      37     

4.6

   No Other Liabilities; No Material Adverse Effect      38     

4.7

   Governmental Regulation      38     

4.8

   Litigation      38     

4.9

   Binding Obligations      38     

4.10

   No Default      38     

4.11

   Employee Benefit Plans      38     

4.12

   Regulation U      39     

4.13

   Disclosure      39     

4.14

   Tax Liability      39     

4.15

   Environmental Matters      40     

4.16

   OFAC      40     

4.17

   Solvency      40    ARTICLE 5 AFFIRMATIVE COVENANTS (OTHER THAN INFORMATION
AND REPORTING REQUIREMENTS)      40     

5.1

   Payment of Taxes and Other Potential Liens      41     

5.2

   Preservation of Existence      41     

5.3

   Maintenance of Properties      41     

5.4

   Maintenance of Insurance      41     

5.5

   Compliance With Laws      41     

5.6

   Visitation      42     

5.7

   Keeping of Records and Books of Account      42     

5.8

   Use of Proceeds      42   

 

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ARTICLE 6 NEGATIVE COVENANTS      42        6.1    Change in Nature of Business
     42        6.2    Mergers      42        6.3    Liens; Sales and Leasebacks
     43        6.4    Transactions with Affiliates      43        6.5   
Subsidiary Indebtedness      43        6.6    Financial Covenant      43     
ARTICLE 7 INFORMATION AND REPORTING REQUIREMENTS      44        7.1    Financial
and Business Information      44        7.2    Compliance Certificates      45
     ARTICLE 8 CONDITIONS      46        8.1    Conditions to Effectiveness     
46        8.2    Conditions Precedent to Closing Date      46        8.3   
Condition Precedent to Secondary Borrowing      48      ARTICLE 9 EVENTS OF
DEFAULT AND REMEDIES UPON EVENT OF DEFAULT      48        9.1    Events of
Default      48        9.2    Remedies Upon Event of Default      51     
ARTICLE 10 THE ADMINISTRATIVE AGENT      52        10.1    Appointment and
Authority      52        10.2    Rights as a Bank      53        10.3   
Exculpatory Provisions      53        10.4    Reliance by Administrative Agent
     54        10.5    Delegation of Duties      54        10.6    Resignation
of the Administrative Agent      54        10.7    Non-Reliance on
Administrative Agent and Other Banks      55        10.8    Right to Indemnity
     56        10.9    No Other Duties, etc      56      ARTICLE 11
MISCELLANEOUS      56        11.1    Cumulative Remedies; No Waiver      56     
  11.2    Amendments; Consents      57        11.3    Costs, Expenses and Taxes
     57        11.4    Obligation to Make Payments in Dollars      58   

 

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11.5

   Nature of Banks’ Obligations      58     

11.6

   Survival      59     

11.7

   Notices and Other Communications; Facsimile Copies      59     

11.8

   Execution of Loan Documents      60     

11.9

   Binding Effect; Assignment; Entire Agreement      61     

11.10

   Setoff Rights      64     

11.11

   Sharing of Setoffs      64     

11.12

   Indemnity by the Borrower      65     

11.13

   No Third Parties Benefited      66     

11.14

   Confidentiality      67     

11.15

   Further Assurances      67     

11.16

   No Fiduciary Duties      67     

11.17

   Integration      67     

11.18

   Severability of Provisions      68     

11.19

   Independent Covenants      68     

11.20

   Headings      68     

11.21

   Time of the Essence      68     

11.22

   Applicable Law      68     

11.23

   Consent to Jurisdiction and Service of Process      68     

11.24

   Waiver of Jury Trial      69     

11.25

   Tax Forms      70     

11.26

   Waiver of Damages      71     

11.27

   Patriot Act Notice      71     

11.28

   Agreement by Commitment Parties      72   

Exhibits

A – Note

B – Compliance Certificate

C – Request for Loan

D – Assignment Agreement

E – Solvency Certificate

 

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Schedules

 

2.1 Bank Commitments

4.4 Disclosure of Subsidiaries

4.8 Litigation

4.11(c) Employee Benefit Plans

4.15 Environmental

6.3 Liens

11.7 Notices

 

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EXECUTION VERSION

TERM LOAN FACILITY CREDIT AGREEMENT

This TERM LOAN FACILITY CREDIT AGREEMENT is dated as of September 20, 2013 and
is entered into by and among Amgen Inc., a Delaware corporation (the
“Borrower”), each financial institution whose name is set forth on the signature
pages hereof as a Bank, Bank of America, N.A. (“Bank of America”), as the
Administrative Agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated
(“MLPFS”), Barclays Bank PLC (“Barclays”), J.P. Morgan Securities LLC
(“JPMorgan”), The Bank of Tokyo-Mitsubishi-UFJ, Ltd. (“BTM”), Goldman Sachs Bank
USA (“Goldman Sachs”), Morgan Stanley Senior Funding, Inc. (“Morgan Stanley”),
Mizuho Bank, Ltd. (“Mizuho”), HSBC Securities (USA), Inc. (“HSBC”), RBC Capital
Markets (“RBC”), Sumitomo Mitsui Banking Corporation (“Sumitomo”) and Citigroup
Global Markets Inc. (“Citi”), as Lead Arrangers and Bookrunning Managers, and
Barclays and JPMorgan Chase Bank, N.A. (“JPMCB”), as Syndication Agents. In
consideration of the mutual covenants and agreements herein contained, the
parties hereto covenant and agree as follows:

ARTICLE 1

DEFINITIONS AND ACCOUNTING TERMS

1.1 Defined Terms. As used in this Agreement, the following terms shall have the
meanings set forth below:

“Acquired Business” means Onyx Pharmaceuticals, Inc.

“Acquisition” means the purchase by a Subsidiary of the Borrower of all of the
outstanding shares of Company Common Stock (as defined in the Acquisition
Agreement) pursuant to the Acquisition Agreement and the merger of the Acquired
Business into such Subsidiary after which the Acquired Business will be a
wholly-owned Subsidiary of the Borrower.

“Acquisition Agreement” has the meaning set forth in Section 8.2(b).

“Acquisition Agreement Representations” means such representations and
warranties made by or with respect to the Acquired Business and its subsidiaries
in the Acquisition Agreement as are material to the interests of the Banks, but
only to the extent that the Borrower has or any of its Affiliates has the right
to terminate its obligations under the Acquisition Agreement, or to decline to
consummate the Acquisition pursuant to the Acquisition Agreement, as a result of
a breach of such representations in the Acquisition Agreement.

“Administrative Agent” means Bank of America, when acting in its capacity as the
administrative agent under any of the Loan Documents.

“Administrative Agent’s Office” means the Administrative Agent’s address as set
forth on the signature pages of this Agreement, or such other address as the
Administrative Agent hereafter may designate by written notice to the Borrower
and the Banks.

 

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

“Advance” means any Advance made or to be made by any Bank to the Borrower as
provided in Article 2, and includes each Base Rate Advance and each Eurodollar
Rate Advance.

“Affiliate” means, as to any Person, any other Person which directly or
indirectly controls, or is under common control with, or is controlled by, such
Person. As used in this definition, “control” (and the correlative terms,
“controlled by” and “under common control with”) shall mean possession, directly
or indirectly, of power to direct or cause the direction of management or
policies (whether through ownership of securities or partnership or other
ownership interests, by contract or otherwise).

“Agent Parties” has the meaning set forth in Section 11.7(d)(ii).

“Agreement” means this Term Loan Facility Credit Agreement, either as originally
executed or as it may from time to time be supplemented, modified, amended,
restated or extended in accordance with Section 11.2.

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

“Arranger” means each of MLPFS, Barclays, JPMorgan, BTM, Mizuho, HSBC, RBC,
Sumitomo, Goldman Sachs, Morgan Stanley and Citi when acting in its capacity as
a lead arranger and a bookrunning manager under any of the Loan Documents.

“Assignment Agreement” means an Assignment Agreement in substantially the form
of Exhibit D, executed by a Bank and an Eligible Assignee of all or part of that
Bank’s interest hereunder.

“Availability Period” means the period from the Closing Date to the earlier of
(a) the date that is 90 days following the Closing Date (or, if such date is not
a Business Day, the immediately preceding Business Day) and (b) the date on
which the aggregate amount of Commitments has been reduced to zero in accordance
with this Agreement.

“Bank” means the Persons identified as “Banks” and listed on the signature pages
of this Agreement and each Eligible Assignee that shall become a party hereto
pursuant to Section 11.9.

“Bank of America” has the meaning set forth in the introductory paragraph.

“Bank Insolvency Event” means that (a) a Bank or its Parent Company is
insolvent, or is generally unable to pay its debts as they become due, or admits
in writing its inability to pay its debts as they become due, or makes a general
assignment for the benefit of its creditors, or (b) such Bank or its Parent
Company is the subject of a bankruptcy, insolvency, reorganization, liquidation
or similar proceeding, or a receiver, trustee, conservator, intervenor or

 

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sequestrator or the like has been appointed for such Bank or its Parent Company,
or such Bank or its Parent Company has taken any action in furtherance of or
indicating its consent to or acquiescence in any such proceeding or appointment.

“Barclays” has the meaning set forth in the introductory paragraph.

“Base Rate” means for any day a fluctuating rate per annum equal to the highest
of (a) the Federal Funds Effective Rate plus 1/2 of 1%, (b) the rate of interest
in effect for such day as publicly announced from time to time by Bank of
America as its “prime rate,” and (c) the Eurodollar Rate plus 1.00%. The “prime
rate” is a rate set by Bank of America based upon various factors including Bank
of America’s costs and desired return, general economic conditions and other
factors, and is used as a reference point for pricing some loans, which may be
priced at, above, or below such announced rate. Any change in such prime rate
announced by Bank of America shall take effect at the opening of business on the
day specified in the public announcement of such change.

“Base Rate Advance” means an Advance made hereunder that bears interest as set
forth in Section 3.1(b) and designated as a Base Rate Advance in accordance with
Article 2.

“Borrower” has the meaning set forth in the introductory paragraph.

“BTM” has the meaning set forth in the introductory paragraph.

“Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact
closed in New York and, if such day relates to any Eurodollar Rate Advance,
means any such day that is also a Eurodollar Banking Day.

“Capital Lease” means, as to any Person, a lease of any Property by that Person
as lessee that is, or should be recorded as a “capital lease” on the balance
sheet of that Person prepared in accordance with Generally Accepted Accounting
Principles.

“Certificate of a Senior Officer” means a certificate signed by a Senior Officer
of the Person providing the certificate.

“Citi” has the meaning set forth in the introductory paragraph.

“Closing Date” means the time and Business Day on which the conditions set forth
in Section 8.2 are satisfied.

“Code” means the Internal Revenue Code of 1986, as amended or replaced and as in
effect from time to time.

“Commitment” means, as to each Bank, its obligation to make Advances to the
Borrower pursuant to Section 2.1(a), in an aggregate principal amount not to
exceed the amount set forth opposite such Bank’s name on Schedule 2.1 or in the
Assignment Agreement pursuant to which such Bank becomes a party hereto, as
applicable, as such amount may be adjusted from

 

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time to time in accordance with this Agreement. The aggregate amount of the
Commitments as of the Closing Date is $5,000,000,000.

“Compliance Certificate” means a certificate in the form of Exhibit B, properly
completed and signed by a Senior Officer of the Borrower.

“Communications” has the meaning set forth in Section 11.7(d)(ii).

“Consolidated Capitalization” means, as of any date of determination, the
aggregate of the Consolidated Net Worth and Consolidated Total Debt of the
Borrower and its Consolidated Subsidiaries on that date.

“Consolidated Net Worth” means, as of any date of determination, the
Shareholders’ Equity of the Borrower and its Consolidated Subsidiaries on that
date as set forth or reflected on the consolidated balance sheet of the Borrower
and its Subsidiaries.

“Consolidated Subsidiary” means, as of any date of determination and with
respect to any Person, any Subsidiary of that Person whose financial data is, in
accordance with Generally Accepted Accounting Principles, reflected in that
Person’s consolidated financial statements.

“Consolidated Total Debt” means, as of any date of determination, the aggregate
amount of all Indebtedness, determined on a consolidated basis in accordance
with Generally Accepted Accounting Principles, of the Borrower and its
Consolidated Subsidiaries on that date.

“Consolidated Total Debt to Capitalization Ratio” means, as of any date of
determination, the ratio of (a) Consolidated Total Debt to (b) Consolidated
Capitalization.

“Contractual Obligation” means, as to any Person, any provision of any
outstanding Securities issued by that Person or of any material agreement,
instrument or undertaking to which that Person is a party or by which it or any
of its Property is bound.

“Convert,” “Conversion” and “Converted” each refers to a conversion of Advances
of one Type into Advances of another Type pursuant to Section 2.5.

“Current ERISA Affiliate”, as applied to any Person, means (i) any corporation
which is a member of a controlled group of corporations within the meaning of
Section 414(b) of the Code of which that Person is a member; (ii) any trade or
business (whether or not incorporated) which is a member of a group of trades or
businesses under common control within the meaning of Section 414(c) of the Code
of which that Person is a member; and (iii) any member of an affiliated service
group within the meaning of Section 414(m) or (o) of the Code of which that
Person, any corporation described in clause (i) above or any trade or business
described in clause (ii) above is a member.

“Daily Margin” means, for any date of determination, for the designated Level
and the Type of Advance, the following interest rates per annum:

 

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     Daily Margin        TYPE OF ADVANCE        Base Rate
Advance     Eurodollar
Advance  

Level 1

     0.000 %      0.750 % 

Level 2

     0.000 %      0.875 % 

Level 3

     0.000 %      1.000 % 

Level 4

     0.125 %      1.125 % 

Level 5

     0.375 %      1.375 % 

Level 6

     0.625 %      1.625 % 

For purposes of this definition, (a) if any change in the rating established by
S&P or Moody’s with respect to Long-Term Debt shall result in a change in the
Level, the change in the Daily Margin shall be effective as of the date on which
such rating change is publicly announced and (b) if the ratings established by
both of S&P and Moody’s with respect to Long-Term Debt are unavailable for any
reason for any day, then the applicable level for such day shall be deemed to be
Level 6 (or, if the Majority Banks consent in writing, such other Level as may
be reasonably determined by the Majority Banks from a rating with respect to
Long-Term Debt for such day established by another rating agency reasonably
acceptable to the Majority Banks).

“Debtor Relief Laws” means the Bankruptcy Code of the United States of America,
as amended from time to time, and all other applicable liquidation,
conservatorship, bankruptcy, moratorium, rearrangement, receivership,
insolvency, reorganization, or similar debtor relief Laws from time to time in
effect affecting the rights of creditors generally.

“Default” means any Event of Default or any event that, with the giving of any
applicable notice or passage of time specified in Section 9.1, or both, would be
an Event of Default.

“Default Rate” means the interest rate described in Section 3.6.

“Defaulting Bank” means at any time, subject to Section 2.7(c), (i) any Bank
that has failed for two or more Business Days to comply with its obligations
under this Agreement to make an Advance or make any other payment due hereunder
(each, a “funding obligation”), unless such Bank has notified the Administrative
Agent and the Borrower in writing that such failure is the result of such Bank’s
determination that one or more conditions precedent to funding has not been
satisfied (which conditions precedent, together with the applicable default, if
any, will be specifically identified in such writing), (ii) any Bank that has
notified the Administrative Agent or the Borrower in writing, or has stated
publicly, that it does not intend to comply with its funding obligations
hereunder, unless such writing or statement states that such position is based
on such Bank’s determination that one or more conditions precedent to funding
cannot be satisfied (which conditions precedent, together with the applicable
default, if any, will be specifically identified in such writing or public
statement), (iii) any Bank that has defaulted on its funding obligations under
other loan agreements or credit agreements generally under which it has
commitments to extend credit or that has notified, or whose Parent Company has
notified, the Administrative Agent or the Borrower in writing, or has stated
publicly, that it does not intend to comply with its funding obligations under
loan agreements or credit agreements

 

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generally, (iv) any Bank that has, for two or more Business Days after written
request of the Administrative Agent or the Borrower, failed to confirm in
writing to the Administrative Agent and the Borrower that it will comply with
its prospective funding obligations hereunder (provided that such Bank will
cease to be a Defaulting Bank solely pursuant to this clause (iv) upon the
Administrative Agent’s and the Borrower’s receipt of such written confirmation),
or (v) any Bank with respect to which a Bank Insolvency Event has occurred and
is continuing with respect to such Bank or its Parent Company; provided that a
Bank Insolvency Event shall not be deemed to occur with respect to a Bank or its
Parent Company solely as a result of the acquisition or maintenance of an
ownership interest in such Bank or Parent Company by a Governmental Agency or
instrumentality thereof where such action does not result in or provide such
Bank with immunity from the jurisdiction of courts within the United States or
from the enforcement of judgments or writs of attachment on its assets or permit
such Bank (or such Governmental Agency or instrumentality) to reject, repudiate,
disavow or disaffirm any contracts or agreements made with such Bank. Any
determination by the Administrative Agent that a Bank is a Defaulting Bank under
any of clauses (i) through (v) above will be conclusive and binding absent
manifest error, and such Bank will be deemed to be a Defaulting Bank (subject to
Section 2.7(c)) upon notification of such determination by the Administrative
Agent to the Borrower, and the Banks.

“Designated Deposit Account” means a deposit account designated by the Borrower
in its Request for Loan submitted with respect to each Loan.

“Dollars” or “$” means United States Dollars.

“Effective Date” means the date on which the conditions precedent set forth in
Section 8.1 shall have been satisfied, which date is September 20, 2013.

“Eligible Assignee” means any Person that meets the requirements to be an
assignee under Section 11.9(b)(iii), (v) and (vi) (subject to such consents, if
any, as may be required under Section 11.9(b)(iii)).

“Eligible Pre-Closing Bank” means each of Bank of America, N.A., Barclays Bank
PLC, JPMorgan Chase Bank, N.A., BTM, Mizuho Bank, Ltd., Citibank, N.A., HSBC
Bank USA, National Association, Royal Bank of Canada, Sumitomo, Goldman Sachs,
Morgan Stanley Bank, N.A., BNP Paribas, Bank of the West, First Hawaiian Bank,
The Royal Bank of Scotland plc, Credit Suisse AG, Cayman Islands Branch, TD
Bank, N.A., DNB Capital LLC, Deutsche Bank AG New York Branch, Wells Fargo Bank,
National Association, Intesa Sanpaolo S.p.A, The Northern Trust Company, U.S.
Bank National Association, Agricultural Bank of China, Ltd., New York Branch,
DBS Bank Ltd., Los Angeles Agency, Bayerische Landesbank, New York Branch, The
Bank of New York Mellon and State Street Bank and Trust Company.

“Employee Benefit Plan” means any “employee benefit plan” as defined in
Section 3(3) of ERISA which is, or was at any time, maintained or contributed to
by the Borrower or with respect to any such plan that is subject to Section 302
of ERISA or Title IV of ERISA or Section 412 of the Code, any of its ERISA
Affiliates.

 

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“Environmental Laws” means all plans, policies or decrees binding on the
Borrower and its Subsidiaries in accordance with applicable statutes,
ordinances, orders, rules or regulations and all statutes, ordinances, orders,
rules or regulations and the like, in each case, relating to (i) environmental
matters, including, without limitation, those relating to fines, injunctions,
penalties, damages, contribution, cost recovery compensation, losses or injuries
resulting from the release or threatened release of hazardous materials,
(ii) the generation, use, storage, transportation or disposal of hazardous
materials, or (iii) occupational safety and health, industrial hygiene, land use
or the protection of human, plant or animal health or welfare, in any manner
applicable to the Borrower or any of its Subsidiaries or any of their respective
properties, including, without limitation, the Comprehensive Environmental
Response, Compensation, and Liability Act (42 U.S.C. § 9601 et seq.), the
Hazardous Materials Transportation Act (49 U.S.C. § 1801 et seq.), the Resource
Conservation and Recovery Act (42 U.S.C. § 6901 et seq.), the Federal Water
Pollution Control Act (33 U.S.C. § 1251 et seq.), the Clean Air Act (42 U.S.C. §
7401 et seq.), the Toxic Substances Control Act (15 U.S.C. § 2601 et seq.), the
Federal Insecticide, Fungicide and Rodenticide Act (7 U.S.C. §136 et seq.), the
Occupational Safety and Health Act (29 U.S.C. § 651 et seq.) and the Emergency
Planning and Community Right-to-Know Act (42 U.S.C. § 11001 et seq.), each as
amended or supplemented, and any analogous future or present local, state and
federal statutes and regulations promulgated pursuant thereto, each as in effect
as of the date of determination.

“ERISA” means the Employee Retirement Income Security Act of 1974, and any
regulations issued pursuant thereto, as amended or replaced and as in effect
from time to time.

“ERISA Affiliate”, as applied to any Person, means (i) any corporation which is,
or was at any time, a member of a controlled group of corporations within the
meaning of Section 414(b) of the Code of which that Person is, or was at any
time, a member; (ii) any trade or business (whether or not incorporated) which
is, or was at any time, a member of a group of trades or businesses under common
control within the meaning of Section 414(c) of the Code of which that Person
is, or was at any time, a member; and (iii) any member of an affiliated service
group within the meaning of Section 414(m) or (o) of the Code of which that
Person, any corporation described in clause (i) above or any trade or business
described in clause (ii) above is, or was at any time, a member.

“ERISA Event” means (i) a “reportable event” within the meaning of Section 4043
of ERISA and the regulations issued thereunder with respect to any Pension Plan
(excluding those for which the provision for 30-day notice to the PBGC, or the
penalty for failure to provide such notice, has been waived by regulation or by
PBGC technical update); (ii) the failure to meet the minimum funding standard of
Sections 412 and 430 of the Code with respect to any Pension Plan (whether or
not waived in accordance with Section 412(c) of the Code) or the failure to make
by its due date a required installment under Section 430(j) of the Code with
respect to any Pension Plan or the failure to make any required contribution to
a Multiemployer Plan; (iii) the provision by the administrator of any Pension
Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate
such plan in a distress termination described in Section 4041(c) of ERISA;
(iv) the withdrawal by the Borrower or any of its ERISA Affiliates from any
Pension Plan with two or more contributing sponsors or the termination of any
such Pension Plan resulting in liability therefor pursuant to Sections 4063 or
4064 of ERISA; (v) the institution by the PBGC of proceedings to terminate under
Section 4042 of ERISA any

 

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Pension Plan, or the occurrence of any event or condition which might constitute
grounds under Section 4042 of ERISA for the termination of, or the appointment
of a trustee to administer, any Pension Plan; (vi) the imposition of liability
on the Borrower or any of its ERISA Affiliates pursuant to Section 4062(e) or
4069 of ERISA or by reason of the application of Section 4212(c) of ERISA;
(vii) the withdrawal by the Borrower or any of its ERISA Affiliates in a
complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of
ERISA) from any Multiemployer Plan if there is any potential liability therefor,
or the receipt by the Borrower or any of its ERISA Affiliates of notice from any
Multiemployer Plan that it is in reorganization or insolvency pursuant to
Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated
under Section 4041A or 4042 of ERISA; (viii) the imposition on the Borrower or
any of its ERISA Affiliates of fines, penalties, taxes or related charges under
Chapter 43 of the Code or under Section 409 or 502(c), (i) or (l) or 4071 of
ERISA in respect of any Pension Plan; (ix) the assertion of a material claim
(other than routine claims for benefits) against any Pension Plan or the assets
thereof, or against the Borrower or any of its ERISA Affiliates in connection
with any such Pension Plan; (x) receipt from the Internal Revenue Service of
notice of the failure of any Pension Plan (or any other Employee Benefit Plan
intended to be qualified under Section 401(a) of the Code) to qualify under
Section 401(a) of the Code, or the failure of any trust forming part of any
Pension Plan to qualify for exemption from taxation under Section 501(a) of the
Code; or (xi) the conditions for imposition of a Lien under Section 303(k) of
ERISA shall have been met with respect to any Pension Plan.

“Eurodollar Banking Day” means any Business Day on which dealings in Dollar
deposits are conducted by and among banks in the London interbank offer market
for Dollar deposits.

“Eurodollar Lending Office” means, as to each Bank, its office or branch so
designated by written notice to the Borrower and the Administrative Agent as its
Eurodollar Lending Office. If no Eurodollar Lending Office is designated by a
Bank, its Eurodollar Lending Office shall be its office at its address for
purposes of notices hereunder.

“Eurodollar Market” means, with respect to any Eurodollar Rate Advance, the
London interbank offer market for Dollar deposits.

“Eurodollar Rate” means:

(a) for any Interest Period with respect to a Eurodollar Rate Advance, the rate
per annum equal to the London Interbank Offered Rate or a successor thereto as
approved by the Administrative Agent (“LIBOR”), as published by Reuters (or such
other commercially available source providing quotations of LIBOR as may be
designated by the Administrative Agent from time to time) at approximately 11:00
a.m., London time, two Eurodollar Banking Days prior to the commencement of such
Interest Period, for deposits in Dollars (for delivery on the first day of such
Interest Period) with a term equivalent to such Interest Period; and

(b) for any interest calculation with respect to a Base Rate Advance on any
date, the rate per annum equal to LIBOR, at approximately 11:00 a.m., London
time

 

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determined two Eurodollar Banking Days prior to such date for Dollar deposits
being delivered in the London interbank market for a term of one month
commencing that day.

“Eurodollar Rate Advance” means an Advance that bears interest based on the rate
set forth in clause (a) of the definition of Eurodollar Rate.

“Event of Default” shall have the meaning provided in Section 9.1.

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this
Agreement (or any amended or successor version that is substantively comparable
and not materially more onerous to comply with), any current or future
regulations thereunder or official interpretations thereof and any agreements
entered into pursuant to Section 1471(b)(1) of the Code.

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

“Fiscal Quarter” means the fiscal quarter of the Borrower consisting of a three
month fiscal period ending on each March 31, June 30, September 30 and December
31.

“Fiscal Year” means the fiscal year of the Borrower consisting of a twelve month
fiscal period ending on each December 31.

“Foreign Bank” has the meaning set forth in Section 11.25(a)(i).

“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.

“Generally Accepted Accounting Principles” means generally accepted accounting
principles in the United States of America. The term “Generally Accepted
Accounting Principles” shall be read in each instance as if the words
“consistently applied” followed immediately thereafter, meaning that the
accounting principles applied are consistent in all material respects (except
for changes concurred in by the Borrower’s independent public accountants) to
those applied at prior dates or for prior periods.

“Goldman Sachs” has the meaning set forth in the introductory paragraph.

 

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“Governmental Agency” means (a) any foreign, federal, state, county or municipal
government, or political subdivision thereof, (b) any governmental or
quasi-governmental agency, authority, board, bureau, commission, department,
instrumentality or public body, (c) any court or administrative tribunal or
(d) with respect to any Person, any arbitration tribunal or other
nongovernmental authority to whose jurisdiction that Person has consented.

“HSBC” has the meaning set forth in the introductory paragraph.

“Indebtedness” means, as to any Person, (a) all indebtedness of such Person for
borrowed money, (b) that portion of the obligations of such Person under Capital
Leases which is properly recorded as a liability on a balance sheet of that
Person prepared in accordance with Generally Accepted Accounting Principles,
(c) to the extent of the outstanding Indebtedness thereunder, any obligation of
such Person that is evidenced by a promissory note or other similar instrument
representing an extension of credit to such Person, whether or not for borrowed
money, (d) any obligation of such Person for the deferred purchase price of
Property or services (other than trade or other accounts payable in the ordinary
course of business), (e) any obligation of such Person of the nature described
in clauses (a), (b), (c) or (d) above that is secured by a Lien on assets of
such Person, whether or not that Person has assumed such obligation or whether
or not such obligation is non-recourse to the credit of such Person, but only to
the extent of the lesser of the face amount of the obligation or the fair market
value of the assets so subject to the Lien, (f) obligations of such Person
arising under acceptance facilities or under facilities for the discount of
accounts receivable of such Person, (g) any obligation of such Person to
reimburse the issuer of any letter of credit issued for the account of such
Person upon which and only to the extent a draw has been made and (h) in the
case of the Borrower, the net obligations of the Borrower under Swap Agreements.
Notwithstanding the provisions listed above, Indebtedness shall not include any
intercompany loans made by the Borrower to a Subsidiary or by any Subsidiary to
another Subsidiary or by any Subsidiary to the Borrower. As of any date of
determination, the amount of the Borrower’s Indebtedness with respect to
(1) Swap Agreements shall be equal to the net marked-to-market value (if
negative) for the Borrower for all such Swap Agreements taken as a whole and
(2) obligations under clause (d) shall be the stated balance sheet amount of
such obligations, determined on a consolidated basis in accordance with
Generally Accepted Accounting Principles, of the Borrower and its Consolidated
Subsidiaries on that date.

“Indemnified Taxes” has the meaning set forth in Section 3.9(d)(i).

“Indemnitees” has the meaning set forth in Section 11.12.

“Interest Period” means, as to each Eurodollar Rate Advance, the period
commencing on the date specified by the Borrower of such Advance pursuant to
Section 2.1(b) and ending 1, 2, 3 or 6 months thereafter (or, if agreed to by
all Banks, 9 or 12 months or a period of shorter than 1 month), as specified by
the Borrower in the applicable Request for Loan; provided that:

(a) The first day of any Interest Period shall be a Eurodollar Banking Day;

 

10

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

(c) No Interest Period shall extend beyond the final Maturity Date.

“JPMCB” has the meaning set forth in the introductory paragraph.

“JPMorgan” has the meaning set forth in the introductory paragraph.

“Laws” means, collectively, all foreign, federal, state and local statutes,
treaties, rules, regulations, ordinances, codes and administrative or
controlling precedents of any Governmental Agency.

“Level” means Level 1, Level 2, Level 3, Level 4, Level 5 or Level 6, as the
case may be, provided, however that if, as of any date of determination,
(a) there is a one Level difference between (x) the Level that would be
applicable if such Level were determined solely by reference to the rating
assigned by S&P (the “Hypothetical S&P Level”) and (y) the Level that would be
applicable if such Level were determined solely by reference to the rating
assigned by Moody’s (the “Hypothetical Moody’s Level”) then the “Level” for such
date shall be deemed to be the higher of the Hypothetical S&P Level and the
Hypothetical Moody’s Level and (b) there is a two Level or more difference
between the Hypothetical S&P Level and the Hypothetical Moody’s Level, then the
“Level” for such date shall be deemed to be the middle Level between the
Hypothetical S&P Level and the Hypothetical Moody’s Level, and if such middle
Level does not exist, then the “Level” for such date shall be deemed to be the
lower of the middle two Levels between the Hypothetical S&P Level and the
Hypothetical Moody’s Level (for these purposes Level 1 being higher than Level
2, etc.).

“Level 1” means that, as of any date of determination, the Long-Term Debt
carries either of the following ratings:

“A+” or higher from S&P

“A1” or higher from Moody’s.

“Level 2” means that, as of any date of determination, the criteria of Level 1
are not satisfied and the Long-Term Debt carries either of the following
ratings:

“A” from S&P

“A2” from Moody’s.

“Level 3” means that, as of any date of determination, the criteria of neither
Level 1 nor Level 2 are satisfied and the Long-Term Debt carries either of the
following ratings:

“A-” from S&P

“A3” from Moody’s.

 

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“Level 4” means that, as of any date of determination, the criteria of none of
Level 1, Level 2 or Level 3 are satisfied and the Long-Term Debt carries either
of the following ratings:

“BBB+” from S&P

“Baa1” from Moody’s.

“Level 5” means that, as of any date of determination, the criteria of none of
Level 1, Level 2, Level 3 or Level 4 are satisfied and the Long-Term Debt
carries either of the following ratings:

“BBB” from S&P

“Baa2” from Moody’s.

“Level 6” means that, as of any date of determination, the criteria of none of
Level 1, Level 2, Level 3, Level 4 or Level 5 are satisfied.

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment for
security, security interest, encumbrance, lien or charge of any kind, whether
voluntarily incurred or arising by operation of Law or otherwise, affecting any
Property, including any agreement to grant any of the foregoing, any conditional
sale or other title retention agreement, any lease in the nature of a security
interest, and/or the filing of or agreement to give any financing statement
(other than a precautionary financing statement with respect to a lease that is
not in the nature of a security interest) under the Uniform Commercial Code or
comparable Law of any jurisdiction with respect to any Property.

“Loan” means any group of Advances made at any one time by the Banks pursuant to
Article 2.

“Loan Documents” means, collectively, this Agreement, the Notes, and any Request
for Loan, in each case either as originally executed or as the same may from
time to time be supplemented, modified, amended, restated, extended or
supplanted.

“Loan Exposure” means, with respect to any Bank, as of any date of
determination, the sum of (i) the outstanding principal amount of the Loans of
such Bank and (ii) the outstanding principal amount of such Bank’s unfunded
Commitment which has not expired or terminated in accordance with the terms of
this Agreement; provided, at any time prior to the making of any Loan, the Loan
Exposure of any Bank shall be equal to such Bank’s Commitment.

“Long-Term Debt” means senior, unsecured, long-term debt securities of the
Borrower.

“Majority Banks” means, as of any date of determination, Banks then holding more
than 50% of the sum of the aggregate amount of the Commitments then in effect
plus the aggregate Total Outstandings or, if the aggregate amount of the
Commitments then in effect is equal to zero, Banks then holding more than 50% of
the aggregate Total Outstandings; provided that if any Bank shall be a
Defaulting Bank at such time, there shall be excluded from the

 

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determination of Majority Banks at such time the Total Outstandings owed to such
Defaulting Bank at such time and the Commitment of such Defaulting Bank at such
time, if any.

“Material Adverse Effect” means a circumstance or set of circumstances or events
affecting the business, financial condition or operations of the Borrower and
its Subsidiaries, taken as a whole, that have a material adverse effect,
individually or in the aggregate, upon the ability (i) of the Borrower and its
Subsidiaries, taken as a whole, to perform under the Loan Documents or (ii) of
the Banks to enforce, the Obligations under the Loan Documents.

“Maturity Date” means the fifth anniversary of the Closing Date; provided,
however, that if such date is not a Business Day, the Maturity Date shall be the
next preceding Business Day.

“Mizuho” has the meaning set forth in the introductory paragraph.

“MLPFS” has the meaning set forth in the introductory paragraph.

“Moody’s” means Moody’s Investors Service, Inc. or any successor thereto.

“Morgan Stanley” has the meaning set forth in the introductory paragraph.

“Multiemployer Plan” means any employee benefit plan which is a “multiemployer
plan” (as defined in Section 4001(a)(3) of ERISA) to which the Borrower or any
of its ERISA Affiliates is contributing, or within the preceding six (6) years
has contributed, or to which the Borrower or any of its ERISA Affiliates has, or
within the preceding six (6) years has had, an obligation to contribute.

“Non-Defaulting Bank” means, at any time, a Bank that is not a Defaulting Bank.

“Notes” means any of the promissory notes made by the Borrower in favor of a
Bank in accordance with Section 2.1(g) to evidence Advances made by that Bank
under the Commitment, substantially in the form of Exhibit A, as originally
executed or as the same may from time to time be supplemented, modified,
amended, renewed or extended.

“Notice of Conversion/Continuation” has the meaning specified in Section 2.5(a).

“Obligations” means all present and future monetary obligations of every kind or
nature of the Borrower at any time and from time to time owed to the Arrangers,
the Administrative Agent, the Syndication Agents or the Banks or any one or more
of them under any one or more of the Loan Documents, whether due or to become
due, matured or unmatured, liquidated or unliquidated, or contingent or
noncontingent, including interest that accrues after the commencement of any
proceeding under any Debtor Relief Law by or against the Borrower or any
Subsidiary of the Borrower.

“OFAC” has the meaning set forth in Section 4.16(i).

 

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“OFAC Countries” has the meaning set forth in Section 4.16(i).

“OFAC Listed Person” has the meaning set forth in Section 4.16(i).

“Other Connection Taxes” means, with respect to the Administrative Agent or any
Bank, Taxes imposed as a result of a present or former connection between the
Administrative Agent or such Bank and the jurisdiction imposing such Tax (other
than connections arising from the Administrative Agent or such Bank having
executed, delivered, become a party to, performed its obligations under,
received payments under, received or perfected a security interest under,
engaged in any other transaction pursuant to or enforced any Loan Document, or
sold or assigned an interest in any Loan or Loan Document.

“Other Taxes” has the meaning set forth in Section 3.9(d)(ii).

“Parent Company” means, with respect to a Bank, the bank holding company (as
defined in Federal Reserve Board Regulation Y), if any, of such Bank, or if such
Bank does not have a bank holding company, then any corporation, association,
partnership or other business entity owning, beneficially or of record, directly
or indirectly, a majority of the shares of such Bank.

“Participant” has the meaning set forth in Section 11.9(c).

“Participant Register” has the meaning set forth in Section 11.9(e).

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

“Pension Plan” means any Employee Benefit Plan other than a Multiemployer Plan,
that is subject to Section 412 of the Code or Section 302 of ERISA or Title IV
of ERISA.

“Permitted Encumbrances” means:

(a) inchoate Liens incident to construction or maintenance of real property, or
Liens incident to construction or maintenance of real property, now or hereafter
filed of record for sums not yet delinquent or being contested in good faith, if
reserves or other appropriate provisions, if any, as shall be required by
Generally Accepted Accounting Principles shall have been made therefor;

(b) Liens for taxes and assessments on real property which are not yet past due,
or Liens for taxes and assessments on real property for which adequate reserves
have been set aside and are being contested in good faith by appropriate
proceedings and have not proceeded to judgment, provided that, by reason of
non-payment of the obligations secured by such Liens, no such material real
property is subject to a material risk of loss or forfeiture;

(c) easements, exceptions, reservations, or other agreements granted or entered
into for the purpose of pipelines, conduits, cables, wire communication lines,
power lines and substations, streets, trails, walkways, drainage, irrigation,
water, and sewerage purposes, dikes, canals, ditches, the removal of oil, gas,
coal, or other minerals, and other like purposes

 

14

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affecting real property which in the aggregate do not materially burden or
impair the fair market value or use of such real property for the purposes for
which it is or may reasonably be expected to be held;

(d) rights reserved to or vested in any Governmental Agency by Law to control or
regulate, or obligations or duties under Law to any Governmental Agency with
respect to, the use of any real property;

(e) rights reserved to or vested in any Governmental Agency by Law to control or
regulate, or obligations or duties under Law to any Governmental Agency with
respect to, any right, power, franchise, grant, license, or permit;

(f) present or future zoning laws and ordinances or other laws and ordinances
restricting the occupancy, use, or enjoyment of real property;

(g) statutory Liens, other than those described in clauses (a) or (b) above,
arising in the ordinary course of business with respect to obligations which are
not delinquent or are being contested in good faith, if reserves or other
appropriate provisions, if any, as shall be required by Generally Accepted
Accounting Principles shall have been made therefor;

(h) Liens consisting of pledges or deposits to secure obligations under workers’
compensation laws or similar legislation, including Liens of judgments
thereunder which are not currently dischargeable;

(i) Liens consisting of pledges or deposits of Property to secure performance in
connection with operating leases made in the ordinary course of business to
which the Borrower or a Subsidiary is a party as lessee, provided the aggregate
value of all such pledges and deposits in connection with any such lease does
not at any time exceed 16-2/3% of the annual fixed rentals payable under such
lease;

(j) Liens consisting of deposits of Property to secure statutory obligations of
the Borrower or a Subsidiary of the Borrower in the ordinary course of its
business;

(k) Liens consisting of deposits of Property to secure (or in lieu of) surety,
appeal or customs bonds in proceedings to which the Borrower or a Subsidiary of
the Borrower is a party in the ordinary course of its business;

(l) purchase money Liens or purchase money security interests upon or in any
property acquired or held by the Borrower or any Subsidiary in the ordinary
course of business to secure the purchase price of such property or to secure
indebtedness incurred solely for the purpose of financing the acquisition of
such property;

(m) Liens on an asset to secure all or any part of the cost of development or
construction of such asset or improvements thereon and which shall be released
or satisfied within 120 days after completion of such development or
construction;

(n) Liens on an asset created in connection with the acquisition, construction
or development of additions, extensions or improvements to such asset which
shall be financed

 

15

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by obligations described in Sections 142, 144(a) or 144(c) of the Code, as
amended, or by obligations entitled to substantially similar tax benefits under
other legislation or regulations in effect from time to time;

(o) Liens on property subject to escrow or similar arrangements established in
connection with litigation settlements;

(p) Liens on an asset required in connection with any program, law, statute or
regulation of any state or local authority which provides financial or tax
benefits not available without such Lien, provided that substantially all of the
obligations secured by such Lien are obligations that are in lieu of, or reduce,
a property tax or other payment obligation that itself would have been secured
by a Lien permitted hereunder; and

(q) Liens on Property securing any intercompany loans made by the Borrower to a
Subsidiary or by any Subsidiary to another Subsidiary.

“Person” means any entity, whether an individual, trustee, corporation, general
partnership, limited partnership, limited liability company, joint stock
company, trust, estate, unincorporated organization, business association,
tribe, firm, joint venture, Governmental Agency, or otherwise.

“Platform” has the meaning set forth in Section 11.7(d)(i).

“Potential Defaulting Bank” means, at any time, (i) any Bank with respect to
which an event of the kind referred to in the definition of “Bank Insolvency
Event” has occurred and is continuing in respect of any financial institution
affiliate of such Bank, (ii) any Bank that has notified, or whose Parent Company
or a financial institution affiliate thereof has notified, the Administrative
Agent or the Borrower in writing, or has stated publicly, that it does not
intend to comply with its funding obligations under any other loan agreement or
credit agreement or other similar/other financing agreement, unless such writing
or statement states that such position is based on such Bank’s determination
that one or more conditions precedent to funding cannot be satisfied (which
conditions precedent, together with the applicable default, if any, will be
specifically identified in such writing or public statement), or (iii) any Bank
that has, or whose Parent Company has, a non-investment grade rating from
Moody’s or S&P or another nationally recognized rating agency. Any determination
by the Administrative Agent that a Bank is a Potential Defaulting Bank under any
of clauses (i) through (iii) above will be conclusive and binding absent
manifest error, and such Bank will be deemed a Potential Defaulting Bank
(subject to Section 2.7(c)) upon notification of such determination by the
Administrative Agent to the Borrower and the Banks.

“Pre-Advanced Funds” has the meaning specified in Section 2.1(e).

“Pre-Funding Compensation Amount” has the meaning specified in Section 2.1(e).

“Pre-Funding Date” has the meaning specified in Section 2.1(d).

 

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“Property” means any interest in any kind of property or asset, whether real,
personal or mixed, or tangible or intangible.

“Pro Rata Share” means, with respect to all payments, computations and other
matters relating to the Loan of any Bank and for all other purposes hereunder,
the percentage obtained by dividing (a) the Loan Exposure of that Bank by
(b) the aggregate Loan Exposure of all Banks. The Pro Rata Share of each Bank
shall be deemed to have been modified at each time the aggregate Commitments of
the Banks are modified in accordance with Section 11.9.

“Quarterly Amortization Payment” means an amount equal to 2.5% of the sum of
(i) the initial aggregate principal amount of Loans made on the Closing Date
plus (ii) the initial aggregate principal amount of Loans made on the date of
the second borrowing hereunder.

“Register” has the meaning set forth in Section 11.9(g).

“Related Parties” means, with respect to any Person, such Person’s Affiliates
and the partners, directors, officers, employees, agents and advisors of such
Person and of such Person’s Affiliates.

“Regulation D” means Regulation D, as at any time amended, of the Board of
Governors of the Federal Reserve System, or any other regulation in substance
substituted therefor.

“Regulation U” means Regulation U, as at any time amended, of the Board of
Governors of the Federal Reserve System, or any other regulation in substance
substituted therefor.

“Request for Loan” means a written request for a Loan substantially in the form
of Exhibit C, signed by a Senior Officer of the Borrower and properly completed
to provide all information required to be included therein.

“Requirement of Law” means, as to any Person, the articles or certificate of
incorporation and by-laws or other organizational or governing documents of such
Person, and any Law, or judgment, award, decree, writ or determination of a
Governmental Agency, in each case applicable to or binding upon such Person or
any of its Property or to which such Person or any of its Property is subject.

“Revolving Credit Facility Credit Agreement” means that certain Credit Agreement
dated as of December 2, 2011 among the Borrower, the other borrowers from time
to time party thereto, Citibank, N.A., as administrative agent, and the lenders
from time to time party thereto, as amended, restated, amended and restated,
supplemented or otherwise modified from time to time.

“RBC” has the meaning set forth in the introductory paragraph.

“S&P” means Standard & Poor’s Ratings Group, a Standard & Poor’s Financial
Services LLC business, or any successor thereto.

 

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“Securities” means any capital stock, share, voting trust certificate, bond,
debenture, note or other evidence of indebtedness, limited partnership interest,
or any warrant, option or other right to purchase or acquire any of the
foregoing.

“Senior Officer” means the (a) chief executive officer, (b) chief operating
officer, (c) chief financial officer, (d) chief accounting officer,
(e) corporate controller, (f) treasurer, (g) assistant treasurer, (h) any senior
vice president, or (i) any executive vice president, in each case whatever the
title nomenclature may be, of the Person designated.

“Shareholders’ Equity” means, as of any date of determination, shareholders’
equity as of that date determined in accordance with Generally Accepted
Accounting Principles; provided that there shall be excluded from Shareholders’
Equity any amount attributable to capital stock that is, directly or indirectly,
required to be redeemed or repurchased by the issuer thereof at a specified date
or upon the occurrence of specified events or at the election of the holder
thereof.

“Significant Subsidiary” has the meaning set forth in Section 4.4.

“Solvent” and “Solvency” mean, with respect to any Person on a particular date,
that on such date (a) the fair value of the property of such Person (including,
for the avoidance of doubt, property consisting of the residual equity value of
such Person’s subsidiaries) is greater than the total amount of liabilities,
including, without limitation, contingent liabilities, of such Person, (b) the
present fair salable value of the assets of such Person (including, for the
avoidance of doubt, property consisting of the residual equity value of such
Person’s subsidiaries) is greater than the amount that will be required to pay
the probable liability of the Borrower on the sum of its debts and other
liabilities, including contingent liabilities, (c) such Person has not, does not
intend to, and does not believe (nor should it reasonably believe) that it will,
incur debts or liabilities beyond such Person’s ability to pay such debts and
liabilities as they become due (whether at maturity or otherwise), (d) such
Person does not have unreasonably small capital with which to conduct the
businesses in which it is engaged as such businesses are now conducted and are
proposed to be conducted following such date, (e) such Person is able to pay its
debts and liabilities, contingent obligations and other commitments as they
mature in the ordinary course of business and (f) such Person is “solvent”
within the meaning given to that term and similar terms under the Bankruptcy
Code of the United States of America, as amended from time to time, and
applicable laws relating to fraudulent transfers and conveyances. The amount of
contingent liabilities at any time shall be computed as the amount that, in the
light of all the facts and circumstances existing at such time, represents the
amount that can reasonably be expected to become an actual or matured liability.

“Specified Representations” means the representations and warranties contained
in Section 4.1, 4.2(a), 4.2(c), 4.7, 4.9, 4.12, 4.16 and 4.17.

“Subsidiary” means, as of any date of determination and with respect to any
Person, any corporation, limited liability company, partnership or joint
venture, whether now existing or hereafter organized or acquired: (a) in the
case of a corporation or limited liability company, of which a majority of the
securities or other ownership interests having ordinary voting power for the
election of directors or other governing body (other than securities or other

 

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ownership interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned by such Person and/or one or
more Subsidiaries of such Person, or (b) in the case of a partnership or joint
venture, of which such Person or a Subsidiary of such Person is a general
partner or joint venturer or of which a majority of the partnership or other
ownership interests are at the time beneficially owned by such Person and/or one
or more of its Subsidiaries, excluding any partnership or joint venture over
which the Person or Subsidiary of such Person does not exercise actual control.

“Sumitomo” has the meaning set forth in the introductory paragraph.

“Swap Agreement” means a written agreement between the Borrower and one or more
financial institutions providing for “swap”, “collar” or other interest rate
protection (other than “caps”) with respect to any Indebtedness.

“Syndication Agents” means Barclays and JPMCB, in each case, when acting in its
capacity as the syndication agent under any of the Loan Documents.

“Taxes” has the meaning set forth in Section 3.9(d)(i).

“Term Financing” means that certain $3,100,000,000, structured term financing
arrangement involving the preferred stock owned by the Borrower in ATL Holdings
Limited.

“Ticking Fee” has the meaning set forth in Section 3.2.

“Total Outstandings” means, as of any date of determination, the sum on that
date of the aggregate outstanding principal amount of the Advances.

“Transaction” means, collectively, (a) the consummation of the Acquisition,
(b) the execution and delivery by the Borrower of this Agreement, the borrowing
of Advances hereunder and the use of the proceeds thereof and (c) the obtaining
of the Term Financing.

“Type” when used with respect to any Loan or Advance, means the designation of
whether such Loan or Advance is a Base Rate Advance or a Eurodollar Rate
Advance.

“Unused Portion” means the aggregate Commitments, less Total Outstandings.

1.2 Use of Defined Terms. Any defined term used in the plural shall refer to all
members of the relevant class, and any defined term used in the singular shall
refer to any one or more of the members of the relevant class.

1.3 Accounting Terms. Unless otherwise specified herein, all accounting terms
used herein shall be interpreted, all accounting determinations hereunder shall
be made and all financial statements required to be delivered hereunder shall be
prepared in accordance with Generally Accepted Accounting Principles as in
effect from time to time, applied on a basis consistent (except for changes
concurred in by the Borrower’s independent public accountants) with the audited
consolidated financial statements of the Borrower and its Consolidated
Subsidiaries most recently delivered to the Banks; provided, that, if the
Borrower notifies the Administrative Agent that the Borrower wishes to amend any
covenant in Article 6 to eliminate

 

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the effect of any change in Generally Accepted Accounting Principles on the
operation of such covenant (or if the Administrative Agent notifies the Borrower
that the Majority Banks wish to amend Article 6 for such purpose), then the
Borrower’s compliance with such covenant shall be determined on the basis of
Generally Accepted Accounting Principles in effect immediately before the
relevant change in Generally Accepted Accounting Principles became effective,
until either such notice is withdrawn or such covenant is amended in a manner
satisfactory to the Borrower and the Majority Banks.

1.4 Rounding. Any financial ratios required to be maintained by the Borrower
pursuant to this Agreement shall be calculated by dividing the appropriate
component by the other component, carrying the result to one place more than the
number of places by which such ratio is expressed in this Agreement and rounding
the result up or down to the nearest number (with a round-up if there is no
nearest number) to the number of places by which such ratio is expressed in this
Agreement.

1.5 Exhibits and Schedules. All Exhibits and Schedules to this Agreement, either
as originally existing or as the same may from time to time be supplemented,
modified or amended, are incorporated herein by this reference. A matter
disclosed on any Schedule shall be deemed disclosed on all Schedules.

1.6 References to “the Borrower and its Subsidiaries”. Any reference herein to
“the Borrower and its Subsidiaries” or the like shall refer solely to the
Borrower during such times, if any, as the Borrower shall have no Subsidiaries.

1.7 Miscellaneous Terms. The term “or” is disjunctive; the term “and” is
conjunctive. The term “shall” is mandatory; the term “may” is permissive.
Masculine terms also apply to females; feminine terms also apply to males. The
term “including” is by way of example and not limitation.

ARTICLE 2

LOANS

2.1 Advances - General.

(a) Subject to the terms and conditions set forth in this Agreement, each Bank
agrees, severally and not jointly, to make, according to its Pro Rata Share of
the aggregate Commitments, an Advance in Dollars on the Closing Date plus one
additional Advance on any Business Day prior to the termination of the
Availability Period to the Borrower in an aggregate amount not to exceed such
Bank’s Commitment. Amounts paid or prepaid in respect of the Loans may not be
reborrowed. Any amounts of the Commitments that are unused on the last day of
the Availability Period shall be automatically terminated in full on such day.

(b) Subject to the next sentence, each Loan under this Section 2.1 shall be made
pursuant to a Request for Loan which shall specify the requested (i) date of
such Loan and, if applicable, the requested Pre-Funding Date, (ii) type of Loan,
(iii) amount of such Loan and (iv) Interest Period for such Loan. Unless the
Administrative Agent has notified, in its sole and

 

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absolute discretion, the Borrower to the contrary, a Loan may be requested by
telephone by a Senior Officer of the Borrower, in which case the Borrower shall
promptly confirm such request by transmitting a facsimile of, or at the
Administrative Agent’s request by mailing, a Request for Loan executed by a
Senior Officer of the Borrower conforming to the preceding sentence to the
Administrative Agent.

(c) Promptly following receipt of a Request for Loan (or the receipt of a
substitute request permitted under the second sentence of Section 2.1(b)), the
Administrative Agent shall notify each Bank by telephone (so long as such notice
by telephone is promptly followed by a notice in writing) or facsimile or other
electronic communication (the method of notice shall be at the Administrative
Agent’s option) of the date and type of the Loan, the applicable Interest Period
and the amount of that Bank’s Pro Rata Share of the requested Loan. Not later
than 2:00 p.m., New York time, on the date specified in the applicable Request
for Loan subject to the provisions of Sections 2.2 and 2.3, each Bank shall make
its Pro Rata Share of the requested Loan in immediately available funds
available to the Administrative Agent at the Administrative Agent’s Office. Upon
delivery of evidence reasonably satisfactory to the Administrative Agent of the
satisfaction (or waiver) of the applicable conditions set forth in Article 8
(the Administrative Agent shall be entitled to rely on the certificate detailed
in Section 8.2(a)(11) for evidence of the satisfaction of the conditions set
forth in Sections 8.2(b), (c) and (f)), and subject to the provisions of
Sections 2.2 and 2.3, all Advances shall be credited in immediately available
funds to the Designated Deposit Account. If a Pre-Funding Date (as defined
below) has been specified, the Administrative Agent shall make such funds
available not later than 9:00 a.m., New York time, on the Business Day on which
the Administrative Agent receives the evidence referred to above that the
conditions in Section 8.2 are satisfied (or waived) or, with respect to the
condition set forth in Section 8.2(b), such condition will be satisfied upon the
application of the proceeds of the Advances in accordance with the terms of this
Agreement.

(d) Following the Effective Date, the Borrower may require that Banks transfer
funds to the Administrative Agent in advance of the anticipated Closing Date set
forth in the Request for Loan to hold in reserve pursuant to Section 2.1(e), by
specifying, in the relevant Request for Loan, the date (the “Pre-Funding Date”)
upon which Banks shall deliver such funds to the Administrative Agent to be held
in reserve (which requested Pre-Funding Date may be no earlier than three
Business Days prior to the anticipated Closing Date set forth in the Request for
Loan). In the event the Borrower specifies a Pre-Funding Date in a Request for
Loan, then such Request for Loan shall be submitted not later than (i) 12:00
noon, New York time, three Business Days prior to the Pre-Funding Date of any
borrowing of Eurodollar Rate Advances, and (ii) 9:00 a.m., New York time, on the
Pre-Funding Date of any borrowing of Base Rate Advances.

(e) If a Pre-Funding Date is specified in a Request for Loan, on the requested
Pre-Funding Date, no later than 11:00 a.m., New York time, each Bank shall
deliver to the Administrative Agent an amount equal to its Pro Rata Share of the
Loans requested to be made on the Closing Date, by wire transfer of immediately
available funds to the account of the Administrative Agent designated by it for
such purpose by notice to the Banks and each Bank hereby irrevocably authorizes
the Administrative Agent to release such funds (the “Pre-Advanced Funds”) and
use them to fund such Bank’s Pro Rata Share of the Loans on the

 

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Closing Date unless the Administrative Agent shall have received written notice
from such Bank prior to 9:00 a.m., New York time, on the anticipated Closing
Date set forth in the Request for Loan that any one or more of the conditions
precedent in Section 8.2 has not been satisfied (or waived) or with respect to
the condition set forth in Section 8.2(b), such condition will not be satisfied
upon the application of the proceeds of the Advances in accordance with the
terms of this Agreement, specifying both the conditions precedent that have not
been satisfied (or waived) (or with respect to the condition set forth in
Section 8.2(b), that such condition will not be satisfied upon the application
of the proceeds of the Advances in accordance with the terms of this Agreement)
and its objection thereto. The Pre-Advanced Funds shall be held in reserve by
the Administrative Agent for the benefit of such Bank, upon the following terms:

(i) The Administrative Agent shall release the Pre-Advanced Funds only as
follows: (A) the Administrative Agent shall release the Pre-Advanced Funds of
each Bank to fund such Bank’s Pro Rata Share of the Loans on the Closing Date,
without any further authorization from such Bank, or (B) if for any reason the
Closing Date does not occur on or before 11:59 p.m., New York time, on the date
that is two Business Days after the proposed Closing Date set forth in the
Request for Loan, the Administrative Agent shall promptly return to each Bank
the portion of the Pre-Advanced Funds delivered by such Bank. In the event any
Pre-Advanced Funds remain in reserve at the time of expiration of the
Commitments, the Administrative Agent shall return to each Bank the portion of
the Pre-Advanced Funds delivered by such Bank.

(ii) The Administrative Agent shall hold the Pre-Advanced Funds in a
non-interest bearing account with Bank of America, N.A.

(iii) It is understood and agreed that, except as set forth in Section 2.1(c),
the Borrower shall have no right, title or interest in any Pre-Advanced Funds,
and shall have no right to give directions to the Administrative Agent with
regard to investment, application or release of such funds or otherwise with
respect to such funds. Whether or not the Closing Date occurs and whether or not
Loans are made on the Closing Date, the Borrower agrees to pay to each Bank an
amount (the “Pre-Funding Compensation Amount”) that is equal to the amount of
interest that would have accrued hereunder on its Pre-Advanced Funds (at the
rate(s) requested by the Borrower in the Request for Loan) if such Pre-Advanced
Funds had been used to fund Loans on the Pre-Funding Date (or, if later, the
date such funds were delivered to the Administrative Agent to be placed in
reserve) and as if such Loans were outstanding for the period of time that such
Pre-Advanced Funds remain in reserve. To the extent that a Bank’s Pre-Advanced
Funds are used to fund its Pro Rata Share of Loans made on the Closing Date
(x) such Loans shall be deemed to have been made by each Bank on the date that
such Bank funded its Pre-Advanced Funds and having an Interest Period, if
applicable, commencing on the Closing Date and (y) the Pre-Funding Compensation
Amount shall be due and payable by the Borrower to such Bank on the first date
occurring after the Closing Date that interest would be payable in accordance
with Section 3.1. To the extent that all or any part of a Bank’s Pre-Advanced
Funds are returned to such Bank for any reason and are not used to fund Loans,
the Pre-Funding Compensation Amount shall be due and

 

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payable by the Borrower to such Bank within three Business Days after demand,
together with any amount payable pursuant to Section 3.5(c).

(f) Each Loan under the Commitment shall be in a minimum amount of $2,000,000
and multiples of $1,000,000 in excess of that amount or, with respect to any
borrowing after the Closing Date, if any, the remaining available amount of the
aggregate Commitments.

(g) If so requested by any Bank by written notice to the Borrower (with a copy
to the Administrative Agent) at least two Business Days prior to the Closing
Date or at any time thereafter, the Borrower shall execute and deliver to such
Bank (and/or, if applicable and if so specified in such notice, to any Person
who is an assignee of such Bank pursuant to Section 11.9) on the Closing Date
(or, if such notice is delivered after the Closing Date, promptly after the
Borrower’s receipt of such notice) a promissory note or promissory notes to
evidence such Bank’s Advances under its Pro Rata Share of the Commitment,
substantially in the form of Exhibit A.

(h) A Request for Loan shall be irrevocable upon the Administrative Agent’s
first notification thereof.

2.2 Base Rate Advances. Each request by the Borrower for a Base Rate Advance
shall be made pursuant to a Request for Loan (or telephonic request for Loan
referred to in the second sentence of Section 2.1(b), if applicable) received by
the Administrative Agent, at the Administrative Agent’s Office, not later than
12:00 noon, New York time, on the date of a proposed Base Rate Advance. All
Advances shall constitute Base Rate Advances unless properly designated as
Eurodollar Rate Advances pursuant to Section 2.3.

2.3 Eurodollar Rate Advances.

(a) Each request by the Borrower for a Eurodollar Rate Advance shall be made
pursuant to a Request for Loan (or telephonic request for Loan referred to in
the second sentence of Section 2.1(b), if applicable) received by the
Administrative Agent, at the Administrative Agent’s Office, not later than 1:00
p.m., New York time, at least three (3) Eurodollar Banking Days before the first
day of the applicable Interest Period.

(b) On the second Eurodollar Banking Day before the first day of the applicable
Interest Period in the case of Eurodollar Rate Advances, the Administrative
Agent shall determine the applicable Eurodollar Rate (which determination shall
be conclusive in the absence of manifest error), and prior to 1:00 p.m., New
York time on that same day shall give notice of the same to the Borrower and the
Banks by telephone (followed promptly by written notice) or facsimile or other
electronic communication (the method of notice shall be at the Administrative
Agent’s option).

(c) Unless all of the Banks otherwise consent, no Eurodollar Rate Advance may be
requested during the continuance of an Event of Default.

(d) Prior to the submission of a Request for Loan with respect to a Eurodollar
Rate Advance, the Borrower may request the Administrative Agent to provide a
non-binding

 

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estimate of the Eurodollar Rate that would then apply in the event the Borrower
submitted a Request for Loan.

2.4 Voluntary Reduction of Commitment. (a) The Borrower shall have the right, at
any time and from time to time, without penalty or charge, upon at least two
(2) days’ prior written notice to the Administrative Agent, to voluntarily
reduce, permanently and irrevocably, in a minimum amount of $5,000,000 and
multiples of $1,000,000 in excess thereof, or to terminate, all or a portion of
the then Unused Portion of the Commitment; provided that any such reduction or
termination shall be accompanied by payment of all accrued and unpaid fees with
respect to the portion of the Commitment being reduced or terminated. Any such
notice of reduction may be conditioned upon the successful closing of a new
financing and the Administrative Agent will promptly notify each Bank thereof
and of such Bank’s portion of the Commitments being reduced.

(b) The Borrower shall have the right, at any time, upon at least three Business
Days’ notice to a Defaulting Bank (with a copy to the Administrative Agent), to
terminate in whole such Defaulting Bank’s Commitment under this Section 2.4(b).
The Borrower will pay all principal of, and interest accrued to the date of such
payment on, Advances owing to such Defaulting Bank and pay any accrued fee
payable to such Defaulting Bank pursuant to Section 3.2 and all other amounts
payable to such Defaulting Bank hereunder (including but not limited to any
increased costs, additional interest or other amounts owing under Sections 3.4
and 3.5 and any indemnification for taxes under Section 3.9) and upon such
payments, the obligations of such Defaulting Bank hereunder shall, by the
provisions hereof, be released and discharged; provided, however, that (i) such
Defaulting Bank’s rights under Sections 3.4 and 3.5 shall survive such release
and discharge as to matters occurring prior to such date and (ii) no claim that
the Borrower may have against such Defaulting Bank arising out of such
Defaulting Bank’s default hereunder shall be released or impaired in any way.
The aggregate amount of the Commitments of the Banks once reduced pursuant this
Section 2.4(b) may not be reinstated; provided, however, that if pursuant to
this Section 2.4(b), the Borrower shall pay to a Defaulting Bank any principal
of, or interest accrued on, the Advances owing to such Defaulting Bank, then the
Borrower shall either (x) confirm to the Administrative Agent that, except as
disclosed by the Borrower and approved in writing by the Administrative Agent,
acting at the direction of the Majority Banks, the representations and
warranties contained in Article 4, other than Sections 4.4, 4.6 and 4.8, are
true and correct in all material respects (except that to the extent any
representation or warranty is qualified by materiality, it is true and correct
in all respects) on and as of such date of payment as though made on that date
(except to the extent such representations and warranties specifically relate to
an earlier date in which case they are true and correct in all material respects
(except that to the extent any representation or warranty is qualified by
materiality, it is true and correct in all respects) as of such earlier date)
and no Default has occurred and is continuing or (y) pay or cause to be paid a
ratable payment of principal and interest to all Banks who are not Defaulting
Banks.

2.5 Voluntary Conversion or Continuation of Advances.

(a) The Borrower may on any Business Day upon notice given to the Administrative
Agent not later than 12:00 noon (New York City time) on the third Eurodollar
Business Day prior to the date of the proposed Conversion or continuance (a
“Notice of

 

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Conversion/Continuation”) and subject to the provisions of Section 2.3,
(1) Convert all or any portion of Advances of one Type into Advances made to the
Borrower of another Type and (2) upon the expiration of any Interest Period
applicable to Advances which are Eurodollar Rate Advances, continue all (or,
subject to Section 2.3, any portion of) such Advances as Eurodollar Rate
Advances and the succeeding Interest Period(s) of such continued Advances shall
commence on the last day of the Interest Period of the Advances to be continued;
provided, however, that any Conversion of any Eurodollar Rate Advances into Base
Rate Advances shall be made on, and only on, the last day of an Interest Period
for such Eurodollar Rate Advances. Each such Notice of Conversion/Continuation
shall, within the restrictions specified above, specify (i) the date of such
continuation or Conversion, (ii) the Advances (or, subject to Section 2.3, any
portion thereof) to be continued or Converted, (iii) if such continuation is of,
or such Conversion is into, a Eurodollar Rate Advance and, the duration of the
Interest Period of each such Advance, and (iv) in the case of a continuation of
or a Conversion into a Eurodollar Rate Advance, that no Event of Default has
occurred and is continuing.

(b) If upon the expiration of the then existing Interest Period applicable to
any Advance which is a Eurodollar Rate Advance, the Borrower thereof shall not
have delivered a Notice of Conversion/Continuation in accordance with this
Section 2.5, then such Advance shall upon such expiration automatically be
continued as a Eurodollar Rate Advance with an Interest Period of one month.

(c) After the occurrence of and during the continuation of an Event of Default,
the Borrower may not elect to have an Advance be made or continued as, or
converted into, a Eurodollar Rate Advance after the expiration of any Interest
Period then in effect for that Advance.

2.6 Administrative Agent’s Right to Assume Funds Available for Advances. Unless
the Administrative Agent shall have been notified by any Bank no later than the
time of the funding by the Administrative Agent of any Loan that such Bank does
not intend to make available to the Administrative Agent such Bank’s Pro Rata
Share of the total amount of such Loan, the Administrative Agent may assume that
such Bank has made such amount available to the Administrative Agent on the date
of the Loan and the Administrative Agent may, in reliance upon such assumption,
make available to the Borrower a corresponding amount. If the Administrative
Agent has made funds available to the Borrower based on such assumptions and
such corresponding amount is not in fact made available to the Administrative
Agent by such Bank, the Administrative Agent shall be entitled to recover such
corresponding amount on demand from such Bank, which demand shall be made in a
reasonably prompt manner. If such Bank does not pay such corresponding amount
forthwith upon the Administrative Agent’s demand therefor, the Administrative
Agent promptly shall notify the Borrower and the Borrower shall pay such
corresponding amount to the Administrative Agent. The Administrative Agent also
shall be entitled to recover from such Bank interest on such corresponding
amount in respect of each day from the date such corresponding amount was made
available by the Administrative Agent to the Borrower to the date such
corresponding amount is recovered by the Administrative Agent, at a rate per
annum equal to the average overnight federal funds rate. Nothing herein shall be
deemed to relieve any Bank from its obligation to fulfill its Pro Rata Share of
the

 

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Commitment or to prejudice any rights that the Administrative Agent or the
Borrower may have against any Bank as a result of any default by such Bank
hereunder.

2.7 Defaulting Banks.

(a) If a Bank becomes, and during the period it remains, a Defaulting Bank, any
amount paid by the Borrower or otherwise received by the Administrative Agent
for the account of a Defaulting Bank under this Agreement (whether on account of
principal, interest, fees, indemnity payments or other amounts) will not be paid
or distributed to such Defaulting Bank, but will instead be retained by the
Administrative Agent in a segregated non-interest bearing account until (subject
to Section 2.7(c)) the termination of the Commitments and payment in full of all
obligations of the Borrower hereunder and will be applied by the Administrative
Agent, to the fullest extent permitted by law, to the making of payments from
time to time in the following order of priority: first to the payment of any
amounts owing by such Defaulting Bank to the Administrative Agent under this
Agreement, second to the payment of post-default interest and then current
interest due and payable to the Banks hereunder other than Defaulting Banks,
ratably among them in accordance with the amounts of such interest then due and
payable to them, third to the payment of fees then due and payable to the
Non-Defaulting Banks hereunder, ratably among them in accordance with the
amounts of such fees then due and payable to them, fourth to pay principal then
due and payable to the Non-Defaulting Banks hereunder ratably in accordance with
the amounts thereof then due and payable to them, fifth to the ratable payment
of other amounts then due and payable to the Non-Defaulting Banks, and sixth
after the termination of the Commitments and payment in full of all obligations
of the Borrower hereunder, to pay amounts owing under this Agreement to such
Defaulting Bank or as a court of competent jurisdiction may otherwise direct.
Any payments, prepayments or other amounts paid or payable to a Defaulting Bank
that are applied (or held) to pay amounts owed by a Defaulting Bank shall be
deemed paid to and redirected by such Defaulting Bank, and each Bank irrevocably
consents hereto.

(b) No Commitment of any Bank shall be increased or, except as otherwise
expressly provided in this Section 2.7, otherwise affected, and performance by
the Borrower of its obligations shall not be excused or otherwise modified as a
result of the operation of this Section 2.7. The rights and remedies against a
Defaulting Bank under this Section 2.7 are in addition to any other rights and
remedies which the Borrower, the Administrative Agent or any Bank may have
against such Defaulting Bank.

(c) If the Borrower and the Administrative Agent agree in writing in their
reasonable determination that a Defaulting Bank or a Potential Defaulting Bank
should no longer be deemed to be a Defaulting Bank or a Potential Defaulting
Bank, as the case may be, the Administrative Agent will so notify the parties
hereto, whereupon as of the effective date specified in such notice and subject
to any conditions set forth therein, that Bank will, to the extent applicable,
purchase that portion of outstanding Advances of the other Banks or take such
other actions as the Administrative Agent may determine to be necessary to cause
the Advances to be funded and held on a pro rata basis by the Banks in
accordance with their Pro Rata Share, whereupon such Bank will cease to be a
Defaulting Bank or Potential Defaulting Bank; provided that no adjustments will
be made retroactively with respect to fees accrued or payments made by or on
behalf of the Borrower while that Bank was a Defaulting Bank; and provided,
further, that

 

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except to the extent otherwise expressly agreed by the affected parties, no
change hereunder from Defaulting Bank or Potential Defaulting Bank to Bank will
constitute a waiver or release of any claim of any party hereunder arising from
such Bank’s having been a Defaulting Bank or Potential Defaulting Bank.

ARTICLE 3

PAYMENTS AND FEES

3.1 Principal and Interest.

(a) Interest shall be payable on the outstanding daily unpaid principal amount
of each Loan from the date thereof until payment in full is made and shall
accrue and be payable at the rates set forth herein before and after default,
before and after maturity, before and after judgment, and before and after the
commencement of any proceeding under any Debtor Relief Law, with interest on
overdue interest to bear interest at the Default Rate to the fullest extent
permitted by applicable Laws.

(b) Interest accrued on each Base Rate Advance shall be payable quarterly in
arrears on the last day of each March, June, September and December commencing
on the first such date to occur after the Closing Date. Except as otherwise
provided in Section 3.6, the unpaid principal amount of any Base Rate Advance
shall bear interest at a fluctuating rate per annum equal to the Base Rate plus
the weighted average of the Daily Margin for each day during the applicable
period. Each change in the interest rate hereunder shall take effect
simultaneously with the corresponding change in the Base Rate. Each change in
the Base Rate shall be effective as of 12:01 a.m., New York time, on the
Business Day on which the change in the Base Rate is announced, unless otherwise
specified in such announcement, in which case the change shall be effective as
so specified.

(c) Interest accrued on each Eurodollar Rate Advance, the Interest Period for
which is three months or less, shall be due and payable on the last day of the
applicable Interest Period. Interest accrued on each other Eurodollar Rate
Advance shall be due and payable on every three month anniversary of the date
which is three months after the date such Eurodollar Rate Advance was made,
converted or continued pursuant to Section 2.5 and on the last day of the
Interest Period. Except as otherwise provided in Section 3.6, the unpaid
principal amount of any Eurodollar Rate Advance shall bear interest at a rate
per annum equal to the Eurodollar Rate for that Eurodollar Rate Advance plus the
weighted average of the Daily Margin for each day during the applicable period.

(d) The Borrower shall repay to the Administrative Agent for the ratable account
of the Banks, (i) on the last day of each Fiscal Quarter occurring prior to the
Maturity Date, beginning with Fiscal Quarter ending December 31, 2013, an amount
equal to the Quarterly Amortization Payment (which amount shall be reduced as a
result of the application of prepayments in accordance with the order of
priority set forth in Section 3.1(e)) and (ii) on the Maturity Date the
aggregate principal amount of all Loans outstanding on such date.

 

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(e) The Loans may, at any time and from time to time, voluntarily be paid or
prepaid in whole or in part without premium or penalty, except that with respect
to any voluntary prepayment under this Section 3.1(e), (i) any partial
prepayment shall be in minimum amount of $2,000,000 and multiples of $1,000,000
in excess thereof, (ii) the Administrative Agent shall have received written
notice of any prepayment (x) by 11:00 a.m. (New York time) on the date of
prepayment (which shall be a Business Day), in the case of a Base Rate Advance,
and (y) by 1:00 p.m. (New York time) three (3) Business Days before the date of
prepayment, in the case of a Eurodollar Rate Advance, which notice shall
identify the date and amount of the prepayment and the Loan(s) being prepaid,
(iii) each prepayment of principal shall be accompanied by payment of interest
accrued through the date of payment on the amount of principal paid and (iv) in
any event, any payment or prepayment of all or any part of any Eurodollar Rate
Advance on a day other than the last day of the applicable Interest Period shall
be subject to Section 3.5(c). Any such notice of prepayment may be conditioned
upon the successful closing of a new financing and the Administrative Agent will
promptly notify each Bank thereof and of such Bank’s portion of the outstanding
Loans being prepaid; provided that, to the extent such notice of prepayment is
rescinded and/or the prepayment is not made, the Borrower shall pay any amounts
required to be made under Section 3.5(c). Each such prepayment will be applied
to the Loans of the Banks in accordance with their respective Pro Rata shares
and to the installments thereof as directed by the Borrower, or, in the absence
of such direction, in direct order of maturity.

3.2 Ticking Fee. The Borrower agrees to pay to the Administrative Agent for the
account of each Bank (other than a Defaulting Bank for such time as such Bank is
a Defaulting Bank solely in respect of its unused Commitment) a ticking fee on
the unused portion of such Bank’s Commitment (the “Ticking Fee”) equal to
.10% per annum of the unused portion of such Bank’s Commitment, accruing from
the Effective Date, in the case of each Bank that is a signatory hereto as of
the Effective Date, and from the effective date specified in the Assignment
Agreement pursuant to which it became a Bank, in the case of each other Bank,
until the earlier of termination or expiration of the Commitments; provided,
that so long as the Administrative Agent is holding Pre-Advanced Funds, and
solely for purposes of calculating the Ticking Fee under this Section 3.2, the
portion of such Pre-Advanced Funds held by the Administrative Agent and funded
by each Bank shall constitute usage of such Bank’s Commitment. The Ticking Fee
shall be earned and due and payable on the amount of and on the date of each
funding under this Agreement occurring after the Effective Date, if any, or on
such date of termination or expiration of the Commitments.

3.3 Arranger Fees and Agency Fees. On the Closing Date, the Borrower shall pay
to the Arrangers fees in the amounts agreed upon by letter agreements dated
August 24, 2013 among the Borrower and the Arrangers. Such fees are for the sole
account of the Arrangers and are fully earned upon receipt and non-refundable.
The Borrower shall pay to the Administrative Agent agency fees in the amounts
agreed upon by letter agreement dated August 24, 2013 among the Borrower, MLPFS
and Bank of America. Such agency fees shall be payable quarterly in advance as
set forth in such letter agreements. The agency fees are for the sole account of
the Administrative Agent and are fully earned upon receipt and non-refundable;
provided, however that in the event the facilities hereunder are terminated, the
agency fees deemed earned shall be pro rated over the number of days from the
last quarterly date on which the agency fees were paid to the termination date
of the facilities.

 

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3.4 Capital Adequacy. If any Bank determines in good faith that compliance with
any Law or regulation or with any guideline or request (excluding any published
as of the date hereof or currently scheduled to take effect) from any central
bank or other Governmental Agency (whether or not having the force of Law), in
each case adopted or effective after the date hereof has or would have the
effect of reducing the rate of return on the capital of such Bank or any
corporation controlling such Bank as a consequence of, or with reference to,
such Bank’s Pro Rata Share of any portion of the Commitment or its making or
maintaining of Advances, below the rate which such Bank or such other
corporation could have achieved but for such compliance (taking into account the
policies of such Bank or corporation with regard to capital), then the Borrower
shall from time to time, upon demand by such Bank (with a copy of such demand to
the Administrative Agent), immediately pay to such Bank additional amounts
sufficient to compensate such Bank or other corporation for such reduction. A
certificate as to such amounts, setting forth in reasonable detail the basis for
such calculations, submitted to the Borrower and the Administrative Agent by
such Bank, shall be conclusive and binding for all purposes, absent manifest
error. Each Bank agrees promptly to notify the Borrower and the Administrative
Agent of any circumstances that would cause the Borrower to pay additional
amounts pursuant to this Section 3.4.

3.5 Increased Costs.

(a) If, after the date hereof, by reason of (i) the adoption of any Law by any
Governmental Agency, central branch or comparable authority with respect to
activities in the Eurodollar Market, or (ii) any change in the interpretation or
administration of any existing Law by any Governmental Agency, central bank or
comparable authority charged with the interpretation or administration thereof,
or (iii) compliance by any Bank or its Eurodollar Lending Office with any
request or directive (whether or not having the force of Law) of any such
Governmental Agency, central bank or comparable authority, or (iv) the existence
or occurrence of circumstances affecting the Eurodollar Market generally that
are beyond the reasonable control of the Banks:

(1)(A) any reserve (including, without limitation, any reserve imposed by the
Board of Governors of the Federal Reserve System), liquidity, special deposit,
compulsory loan, insurance charge or similar requirements shall be imposed,
modified or deemed applicable against assets of, deposits with or for the
account of, or credit extended by, any Bank or its Eurodollar Lending Office; or

(B) any Bank or its Eurodollar Lending Office or the Eurodollar Market shall
have imposed on it any other condition, cost or expense affecting any Advance,
any of its Notes, its obligation to make Advances or this Agreement, or any of
the same shall otherwise be adversely affected;

and the result of any of the foregoing, as determined by such Bank, increases
the cost to such Bank or its Eurodollar Lending Office of making, converting to,
continuing or maintaining any Advance or in respect of any Advance, any of its
Notes or its obligation to make Advances or reduces the amount of any sum
received or receivable by such Bank or its Eurodollar Lending Office with
respect to any Advance, any of its Notes or its

 

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obligation to make Advances (assuming such Bank’s Eurodollar Lending Office had
funded 100% of its Eurodollar Rate Advance in the Eurodollar Market), then, upon
demand by such Bank (with a copy to the Administrative Agent), the Borrower
shall pay to such Bank, such additional amount or amounts as will compensate
such Bank, for such increased cost or reduction; provided, however, that this
Section 3.5 shall not apply to Indemnified Taxes (and exclusions from
Indemnified Taxes), which are covered by Section 3.9. A statement of any Bank
claiming compensation under this Section 3.5(a)(1) and setting forth the
additional amount or amounts to be paid to it hereunder shall be conclusive in
the absence of manifest error. Each Bank agrees to endeavor promptly to notify
the Borrower of any event of which it has actual knowledge (and, in any event,
within 90 days from the date on which it obtained such knowledge), occurring
after the Closing Date, which will entitle such Bank to compensation pursuant to
this Section 3.5(a), and agrees to designate a different Eurodollar Lending
Office if such designation will avoid the need for or reduce the amount of such
compensation and will not, in the judgment of such Bank, otherwise be
disadvantageous to such Bank. If any Bank claims compensation under this
Section 3.5(a), the Borrower may at any time, upon at least four (4) Business
Days’ prior notice to the Administrative Agent and Banks and upon payment in
full of the amounts provided for in this Section 3.5(a) through the date of such
payment plus any fee required by Section 3.5(c), pay in full all Advances or
request that all Eurodollar Rate Advances be converted to Base Rate Advances or
all Base Rate Advances be converted to Eurodollar Rate Advances.

(2) If any Bank shall have reasonably determined that it shall be unlawful for
such Bank or its Eurodollar Lending Office to make, maintain or fund its portion
of any Eurodollar Rate Advance, or the authority of such Bank to purchase or
sell, or to take deposits of, Dollars in the Eurodollar Market, or to determine
or charge interest rates based upon the Eurodollar Rate has become unlawful,
then such Bank shall so notify the Administrative Agent and the other Banks, and
such Bank’s obligation to make Eurodollar Rate Advances shall be suspended for
the duration of such illegality and the Administrative Agent forthwith shall
give notice thereof to the Borrower and such Bank shall make a Base Rate Advance
as part of any successive Eurodollar Rate Advance. Upon receipt of such notice,
the outstanding principal amount of all Eurodollar Rate Advances made by such
Bank, together with accrued interest thereon, automatically shall be converted
to Base Rate Advances with Interest Periods corresponding to the Eurodollar Rate
Advances of which such Eurodollar Rate Advances were a part, provided that in
such event the conversion shall not be subject to payment of a fee under
Section 3.5(c).

(b) If, with respect to any proposed Eurodollar Rate Advance:

(i) the Majority Banks reasonably determine that, by reason of circumstances
affecting the Eurodollar Market generally that are beyond the reasonable control
of the Banks, deposits in Dollars (in the applicable amounts) are not being
offered to each of the Banks in the Eurodollar Market for the applicable
Interest Period; or

 

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(ii) the Majority Banks advise the Administrative Agent that the Eurodollar Rate
as determined by the Administrative Agent (1) does not represent the effective
pricing to such Banks for deposits in Dollars in the Eurodollar Market in the
relevant amount for the applicable Interest Period, or (2) will not adequately
and fairly reflect the cost to such Banks of making the applicable Eurodollar
Rate Advances;

then the Administrative Agent forthwith shall give notice thereof to the
Borrower and the Banks, whereupon until the Administrative Agent notifies the
Borrower that the circumstances giving rise to such suspension no longer exist,
the obligation of the Banks to make any future Eurodollar Rate Advances shall be
suspended. If at the time of such notice there is then pending a Request for
Loan that specifies a Eurodollar Rate Advance, such Request for Loan shall be
deemed to specify a Base Rate Advance.

(c) The Borrower shall compensate each Bank for any loss sustained by that Bank
in connection with the liquidation or re-employment of funds, excluding any loss
of margin, and, without duplication, all actual out-of-pocket expenses
(excluding allocations of any expense internal to such Bank) reasonably
attributable thereto that such Bank may sustain: (i) if for any reason (other
than a default by that Bank) a borrowing of any Eurodollar Rate Advance does not
occur on a date or in the amount specified therefor in a Request for Loan or a
telephonic request for loan or a Conversion to or continuation of any Eurodollar
Rate Advance does not occur on a date specified therefor in a Notice of
Conversion/Continuation or a telephone request for Conversion or continuation;
(ii) if any prepayment or other principal payment or any conversion (other than
as a result of a conversion required under Section 3.5(a)(2)) or assignment in
accordance with Section 3.16 of any of its Eurodollar Rate Advances occurs on a
date prior to the last day of an Interest Period applicable to that Loan, or
(iii) if any prepayment of any of its Eurodollar Rate Advances is not made on
any date specified in a notice of prepayment given by the Borrower. Each Bank’s
determination of any amount payable under this Section 3.5(c) shall be
conclusive in the absence of manifest error. Each Bank shall submit an invoice
to the Administrative Agent of the amount payable by the Borrower under this
Section 3.5(c) setting forth in reasonable detail the basis for such amount and
the Administrative Agent shall notify the Borrower of such amount. The Borrower
shall pay such amount to the Administrative Agent for the account of the
relevant Bank, and the Administrative Agent shall promptly pay each relevant
Bank the portion of the amount owed to it.

(d) Anything in this Agreement to the contrary notwithstanding, to the extent
any notice under Section 3.4, 3.5 or 3.9 is given by any Bank more than 180 days
after such Bank has knowledge (or should have had knowledge) of the occurrence
of the event (or, in the case of a claim under Section 3.9, of the amount of
such claim) giving rise to the additional cost, reduction in amounts, loss, tax
or other additional amounts described in such Section 3.4, 3.5 or 3.9, as the
case may be, such Bank shall not be entitled to compensation under such Section
for any such amounts incurred or accruing prior to the giving of such notice
(except that, if such event giving rise to the cost, reduction in amounts, loss,
tax or other amounts described in such Section 3.4, 3.5 or 3.9 is retroactive,
then the 180 day period referred to above shall be extended to include the
period of retroactive effective thereof).

 

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3.6 Default Rate. Upon the occurrence and during the continuation of any Event
of Default under Section 9.1(a) or (b), the outstanding principal amount of all
Advances and, to the extent permitted by applicable Law, any interest payments
thereon not paid when due and any fees and other amounts then due and payable
hereunder, shall thereafter bear interest at a fluctuating interest rate per
annum at all times equal to 2% in excess of the interest rate otherwise payable
under this Agreement with respect to the applicable Advances (or, in the case of
any such fees and other amounts, at a rate which is 2% per annum in excess of
the interest rate otherwise payable under this Agreement for Base Rate
Advances), to the fullest extent permitted by applicable Laws; provided that, in
the case of Eurodollar Rate Advances, upon the expiration of the Interest Period
in effect at the time any such increase in interest rate is effective such
Eurodollar Rate Advances shall thereupon become Base Rate Advances and shall
thereafter bear interest payable upon demand at a rate which is 2% per annum in
excess of the interest rate otherwise payable under this Agreement for Base Rate
Advances. Accrued and unpaid interest on past due amounts (including, without
limitation, interest on past due interest) shall be compounded daily and shall
be payable on demand, to the fullest extent permitted by applicable Laws.

3.7 Computation of Interest and Fees. Computation of interest on Base Rate
Advances when the Base Rate is calculated by reference to Bank of America’s base
commercial lending rate shall be calculated on the basis of a year of 365 or 366
days, as the case may be, and actual days elapsed. Computation of all fees and
other interest (including in the case of interest on Base Rate Advances
determined by reference to the Eurodollar Rate or the Federal Funds Effective
Rate and Eurodollar Rate Advances) shall be calculated on the basis of a year of
360 days and the actual number of days elapsed. Any Advance that is repaid on
the same day on which it is made shall bear interest for one day.

3.8 Non-Business Days. If any payment to be made by the Borrower or any other
party under any Loan Document shall come due on a day other than a Business Day,
payment shall instead be considered due on the next succeeding Business Day and
the extension of time shall be reflected in computing the amount of such
payment.

3.9 Manner and Treatment of Payments.

(a) Each payment hereunder or on the Notes or under any other Loan Document in
Dollars shall be made to the Administrative Agent, at the Administrative Agent’s
Office, for the account of each of the appropriate Banks, in immediately
available funds, without any set-off or counterclaim, not later than 2:00 p.m.,
New York time, on the day of payment (which must be a Business Day). All
payments received after 2:00 p.m., New York time, on any particular Business
Day, shall be deemed received on the next succeeding Business Day. The amount of
all payments received by the Administrative Agent for the account of each Bank
shall be promptly paid by the Administrative Agent to the applicable Bank, in
immediately available funds. All payments of principal and interest shall be
made in Dollars.

(b) Prior to the occurrence of any Event of Default, each payment or prepayment
received by the Administrative Agent on account of any Loan shall be applied to
the Loans, pro rata in accordance with the aggregate principal amount thereof
owed to each Bank.

 

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(c) Each Bank shall use its best efforts to keep a record of Advances made by it
and payments received by it with respect to its Loans and, subject to
Section 11.9(g), such record shall be presumptive evidence of the amounts owing.
Notwithstanding the foregoing sentence, no Bank shall be liable to any party for
any failure to keep such a record.

(d) (i) Any and all payments by the Borrower to or for the account of the
Administrative Agent or any Bank under this Agreement or any other Loan Document
shall be made free and clear of and without deduction for any and all present or
future taxes, duties, levies, imposts, deductions, assessments, fees,
withholdings or similar charges, and all liabilities with respect thereto
(collectively, “Taxes”), excluding, in the case of the Administrative Agent and
each Bank, (A) any Taxes imposed on or measured by its overall net income,
franchise taxes imposed on it (in lieu of net income Taxes) and branch profits
taxes, in each case, (1) imposed by the jurisdiction (or any political
subdivision thereof) under the Laws of which the Administrative Agent or such
Bank, as the case may be, is organized or maintains a lending office or (2) that
are Other Connection Taxes, (B) any Taxes attributable to the Administrative
Agent’s or such Bank’s failure or inability to provide the forms set forth in
Section 11.25(a), (b) or (c), as applicable, other than as a result of a change
in applicable law after the date such Person became a party to this Agreement,
(C) United States interest withholding Taxes imposed on amounts payable to or
for the account of a Foreign Bank with respect to an applicable interest in a
Loan or Commitment pursuant to a Law in effect on the date on which such Foreign
Bank becomes a party to this Agreement; provided, however, that, if at the date
of the Assignment Agreement pursuant to which a Foreign Bank assignee becomes a
party to this Agreement, the assignor (if it had been a Foreign Bank) was
entitled to payments under this Section 3.9(d)(i) or (iii) in respect of United
States interest withholding Tax paid at such date, then, to such extent,
notwithstanding (B) and (C) above, the term Indemnified Taxes shall include (in
addition to withholding Taxes that may be imposed in the future or other amounts
otherwise includable in Indemnified Taxes) United States interest withholding
Tax, if any, applicable with respect to the Foreign Bank assignee on such date
and (D) United States federal withholding Taxes imposed under FATCA (all such
non-excluded Taxes being hereinafter referred to as “Indemnified Taxes”). If the
Borrower or the Administrative Agent shall be required by any Laws to deduct any
Taxes from or in respect of any sum payable under any Loan Document to the
Administrative Agent or any Bank, as applicable, (i) if such Taxes are
Indemnified Taxes, then the sum payable by the Borrower shall be increased as
necessary so that after all such required deductions are made (including
deductions applicable to additional sums payable under this Section 3.9(d)),
each of the Administrative Agent and such Bank receives an amount equal to the
sum it would have received had no such deductions been made, (ii) the Borrower
or the Administrative Agent, as applicable, shall make such deductions,
(iii) the Borrower or the Administrative Agent, as applicable, shall pay the
full amount deducted to the relevant taxation authority or other authority in
accordance with applicable Laws, and (iv) if the Borrower pays such amount under
clause (iii) of this Section 3.9(d)(i),within 30 days after the date of such
payment, the Borrower shall furnish to the Administrative Agent (which shall
forward the same to such Bank) the original or a certified copy of a receipt
evidencing payment thereof (to the extent available).

 

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(ii) In addition, the Borrower agrees to pay any and all present or future
stamp, court or documentary Taxes and any other excise or property Taxes or
charges or similar levies which arise from any payment made under any Loan
Document or from the execution, delivery, performance, enforcement or
registration of, or otherwise with respect to, any Loan Document, except any
such Taxes imposed as a result of a grant of a participation, designation of a
new lending office, transfer or assignment (other than an assignment pursuant to
a request by the Borrower under Section 3.16) (hereinafter referred to as “Other
Taxes”).

(iii) The Borrower agrees to indemnify the Administrative Agent and each Bank
for (A) the full amount of Indemnified Taxes and Other Taxes (including any
Indemnified Taxes or Other Taxes imposed or asserted by any jurisdiction on
amounts payable under this Section 3.9) paid by the Administrative Agent and
such Bank and (B) any interest, penalties or additions to tax arising therefrom
or with respect thereto, in each case whether or not such Indemnified Taxes or
Other Taxes were correctly or legally imposed or asserted by the relevant
Governmental Agency. Payment under this Section 3.9(d)(iii) shall be made within
30 days after the date the Bank or the Administrative Agent makes a written
demand therefor.

(iv) If the Borrower is required to pay additional amounts to or for the account
of any Bank pursuant to this Section 3.9, then such Bank will change the
jurisdiction of its applicable lending office if, in the judgment of such Bank,
such change (A) will eliminate or reduce any such additional payment that may
thereafter accrue and (B) is not otherwise disadvantageous to such Bank.

(v) If the Administrative Agent or any Bank determines, in its sole discretion
exercised in good faith, that it has received a refund of any Taxes as to which
it has been indemnified or reimbursed by the Borrower or, with respect to which
the Borrower has paid an additional or indemnification amount hereunder, the
Administrative Agent or such Bank shall pay to the Borrower (within thirty
(30) days after such Person became aware it received such refund) an amount
equal to such refund. In the event such indemnified party is required by the
relevant Governmental Agency to repay any portion of such refund, then such
indemnifying party, upon the request of such indemnified party, shall repay to
such indemnified party such portion of any refund previously paid over to such
indemnifying party (plus any penalties, interest or other charges imposed by
such Governmental Agency with respect to such portion of such refund).
Notwithstanding anything to the contrary in this Section 3.9(d)(v), in no event
will the Administrative Agent or any Bank be required to pay any amount to the
Borrower pursuant to this Section 3.9(d)(v) to the extent such payment would
place the Administrative Agent or such Bank in a less favorable net after-Tax
position than the Administrative Agent or such Bank would have been in if the
indemnification payments or additional amounts giving rise to such refund had
never been paid.

3.10 Funding Sources. Nothing in this Agreement shall be deemed to obligate any
Bank to obtain the funds for any Loan or Advance in any particular place or
manner or to constitute a representation by any Bank that it has obtained or
will obtain the funds for any Loan or Advance in any particular place or manner.
The Borrower agrees that, for the purposes of any

 

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determination to be made under Section 3.5, each Bank shall be deemed to have
funded its Eurodollar Rate Advances with Dollar deposits in the London interbank
market.

3.11 Failure to Charge Not Subsequent Waiver. Any decision by any Bank not to
require payment of any interest (including interest arising under Section 3.6),
fee, cost or other amount payable under any Loan Document, or to calculate any
amount payable by a particular method, on any occasion shall in no way limit or
be deemed a waiver of such Bank’s right to require full payment of any interest
(including interest arising under Section 3.6), fee, cost or other amount
payable under any Loan Document, or to calculate an amount payable by another
method, on any other or subsequent occasion.

3.12 Administrative Agent’s Right to Assume Payments Will be Made by Borrower.
Unless the Administrative Agent shall have been notified by the Borrower prior
to the date on which any payment to be made by the Borrower hereunder is due
that the Borrower does not intend to remit such payment, the Administrative
Agent may, in its discretion, assume that the Borrower has remitted such payment
when so due and the Administrative Agent may, in its discretion and in reliance
upon such assumption, make available to each Bank on such payment date an amount
equal to such Bank’s share of such assumed payment. If the Borrower has not in
fact remitted such payment to the Administrative Agent, each Bank shall
forthwith on demand repay to the Administrative Agent the amount of such assumed
payment made available to such Bank, together with interest thereon in respect
of each day from and including the date such amount was made available by the
Administrative Agent to such Bank to the date such amount is repaid to the
Administrative Agent at a rate per annum equal to the average overnight federal
funds rate.

3.13 Fee Determination Detail. The Administrative Agent and any Bank shall
provide reasonable detail to the Borrower regarding the manner in which the
amount of any payment to the Banks, or that Bank, under Article 3 has been
determined.

3.14 Survivability. All of the Borrower’s obligations under Sections 3.4 and 3.5
shall survive for thirty (30) days following the termination of this Agreement;
provided, however, that such obligations shall not, from and after the
termination of this Agreement, be deemed Obligations for any purpose under the
Loan Documents.

3.15 Dodd-Frank, Etc. For the avoidance of doubt and notwithstanding anything
herein to the contrary, for the purposes of Sections 3.4 and 3.5, (a) the
Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, regulations, guidelines, interpretations or directives thereunder or
issued in connection therewith (whether or not having the force of law) and
(b) all requests, rules, regulations, guidelines, interpretations or directives
promulgated by the Bank for International Settlements, the Basel Committee on
Banking Supervision (or any successor or similar authority ) or the United
States or foreign regulatory authorities (whether or not having the force of
law), in case for this clause (b) pursuant to Basel III, shall in each case be
deemed to be a change in Law regardless of the date enacted, adopted, issued,
promulgated or implemented.

3.16 Replacement of Banks. If (a) any Bank requests compensation under Sections
3.4 or 3.5, (b) the Borrower is required to pay additional amounts to any Bank
or any

 

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Governmental Agency for the account of any Bank pursuant to Section 3.9, (c) any
Bank is a Defaulting Bank or (d) any Bank fails to consent to a requested
amendment, waiver or modification to any Loan Document in which the Majority
Banks have already consented to such amendment, waiver or modification but the
consent of each Bank (or each Bank directly affected thereby, as applicable) is
required with respect thereto, then the Borrower may, at its sole expense and
effort, upon notice to such Bank and the Administrative Agent, require such Bank
to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 11.9(b)), all of
its interests, rights and obligations under this Agreement to an Eligible
Assignee that shall assume such obligations (which assignee may be another Bank
that is not a Defaulting Bank, if such Bank accepts such assignment); provided
that:

(1) the Administrative Agent shall have received the assignment fee (if any)
specified in Section 11.9(b);

(2) such Bank shall have received payment of an amount equal to the outstanding
principal of its Advances, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder (including any amounts under Section 3.5(c))
from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the Borrower (in the case of all other amounts);

(3) in the case of any such assignment resulting from a claim for compensation
under Section 3.5(c) or payments required to be made pursuant to Section 3.9,
such assignment will result in a reduction in such compensation or payments
thereafter;

(4) such assignment does not conflict with applicable law; and

(5) in the case of any assignment pursuant to clause (d) of this Section 3.16,
the applicable assignee shall have consented to the applicable amendment, waiver
or consent.

A Bank shall not be required to make any such assignment or delegation if, prior
thereto, as a result of a waiver by such Bank or otherwise, the circumstances
entitling the Borrower to require such assignment and delegation cease to apply.

ARTICLE 4

REPRESENTATIONS AND WARRANTIES

The Borrower represents and warrants to the Banks on the Closing Date that:

4.1 Existence and Qualification; Power; Compliance With Laws. The Borrower is an
organization duly formed, validly existing and in good standing under the Laws
of the jurisdiction of its incorporation. The Borrower is duly qualified to
transact business, and is in good standing, in any jurisdiction in which the
conduct of its business or the ownership or leasing of its Properties makes such
qualification or registration necessary, except where the failure so to qualify
or register and to be in good standing would not constitute a Material Adverse
Effect. The Borrower has all requisite corporate power and authority to conduct
its

 

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business and to own and lease its Properties. The Borrower has all requisite
corporate power and authority to execute and deliver each Loan Document and to
perform its Obligations. The Borrower has obtained all authorizations, consents,
approvals, orders, licenses and permits from, and has accomplished all filings,
registrations and qualifications with, or obtained exemptions from any of the
foregoing from, any Governmental Agency that are necessary for the transaction
of its business, except where the failure so to comply, file, register, qualify
or obtain exemptions does not constitute a Material Adverse Effect.

4.2 Authority; Compliance With Other Agreements and Instruments and Government
Regulations. The execution, delivery and performance of the Loan Documents by
the Borrower have been duly authorized by all necessary corporate action, and do
not:

(a) Require any consent or approval not heretofore obtained of any partner,
director, stockholder, security holder or creditor of the Borrower;

(b) Result in or require the creation or imposition of any Lien upon or with
respect to any Property now owned or leased or hereafter acquired by the
Borrower;

(c) Violate, to the best knowledge of the Borrower, any Requirement of Law
applicable to the Borrower;

(d) Result (or, with the giving of notice or passage of time or both, would
result) in a breach of or default under, or cause or permit the acceleration of
any obligation owed under any Contractual Obligation to which the Borrower is a
party or by which the Borrower or any of its Property is bound or affected;

except where failure to receive such consent or approval or creation of such
Lien or violation of, or default under, any such Requirement of Law or
Contractual Obligation would not constitute a Material Adverse Effect.

4.3 No Governmental Approvals Required. No authorization, consent, approval,
order, license or permit from, or filing, registration or qualification with,
any Governmental Agency is required to authorize or permit under applicable Laws
the execution, delivery and performance of the Loan Documents by the Borrower.

4.4 Subsidiaries. Schedule 4.4 hereto correctly sets forth as of the Closing
Date the names of each Subsidiary of the Borrower that would constitute a
Significant Subsidiary (“Significant Subsidiary”) under Rule 1-02(w) of
Regulation S-X as adopted by the SEC under the provisions of the Securities Act
of 1933 and the Securities Exchange Act of 1934 as in force on the date of this
Agreement.

4.5 Financial Statements. The Borrower has made available to the Banks the
audited consolidated financial statements of the Borrower and its Consolidated
Subsidiaries as of December 31, 2012. Such financial statements (including the
footnotes thereto) fairly present in all material respects the consolidated
financial condition and the consolidated results of operations of the Borrower
as of such date and for such period in accordance with Generally Accepted
Accounting Principles. Also, the Borrower has made available the unaudited
condensed consolidated financial statements of the Borrower and its Consolidated
Subsidiaries

 

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as of June 30, 2013 and for the six months then ended (the “interim financial
statements”). The interim financial statements (including the footnotes thereto)
were prepared in accordance with applicable Securities and Exchange Commission
regulations and include all adjustments (consisting of normal recurring
accruals, unless otherwise indicated) the Borrower considers necessary for the
fair presentation, in all material respects, of the results of operations for
those periods.

4.6 No Other Liabilities; No Material Adverse Effect. As of the Closing Date,
the Borrower and its Consolidated Subsidiaries do not have any material
liability or material contingent liability not reflected or disclosed in the
consolidated balance sheet or notes thereto described in Section 4.5, other than
liabilities and contingent liabilities: (i) arising in the ordinary course of
business subsequent to December 31, 2012, (ii) described in materials filed with
or furnished to the Securities and Exchange Commission and available to the
public, or (iii) set forth on Schedule 4.8. Except for matters described in
documents filed with or furnished to Governmental Agencies and available to the
public or in materials delivered to the Banks prior to the Effective Date, there
has been no event or circumstance that constitutes a Material Adverse Effect
with respect to the Borrower and its Subsidiaries taken as a whole since
December 31, 2012.

4.7 Governmental Regulation. The Borrower is not subject to regulation under the
Investment Company Act of 1940.

4.8 Litigation. Except for (a) any matter fully covered (subject to applicable
deductibles and retentions) by insurance for which the insurance carrier has
assumed full responsibility, (b) matters described in documents filed with or
furnished to Governmental Agencies and available to the public or in materials
delivered to the Banks prior to the Effective Date, and (c) matters disclosed on
Schedule 4.8 hereto, there are no actions, suits, proceedings or investigations
pending as to which the Borrower or any of its Subsidiaries have been served or
have received written notice or, to the best knowledge of the Borrower,
threatened against or affecting the Borrower or any of its Subsidiaries or any
Property of any of them before any Governmental Agency which could reasonably be
expected to constitute a Material Adverse Effect.

4.9 Binding Obligations. Each of the Loan Documents will, when executed and
delivered by the Borrower, constitute the legal, valid and binding obligation of
the Borrower, enforceable against the Borrower in accordance with its terms,
except as enforcement may be limited by Debtor Relief Laws or equitable
principles relating to the granting of specific performance and other equitable
remedies as a matter of judicial discretion.

4.10 No Default. No event has occurred and is continuing that is a Default or
Event of Default.

4.11 Employee Benefit Plans.

(a) The Borrower and, to the knowledge of the Borrower, each of its ERISA
Affiliates are in compliance with all applicable provisions and requirements of
ERISA and the regulations and published interpretations thereunder with respect
to each Employee Benefit

 

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Plan, and have performed all of their obligations under each Employee Benefit
Plan, except where the failure to be in such compliance or to perform such
obligation would not constitute a Material Adverse Effect.

(b) No ERISA Event that would constitute a Material Adverse Effect has occurred
or is reasonably expected to occur.

(c) Except as set forth on Schedule 4.11(c) and to the extent required under
Section 4980B of the Code, no Employee Benefit Plan maintained by the Borrower
or any of its Current ERISA Affiliates provides health or welfare benefits
(through the purchase of insurance or otherwise) for any retired or former
employees of the Borrower or any of its Current ERISA Affiliates.

(d) As of the most recent valuation date for any Pension Plan with respect to
which the Borrower or a Subsidiary has any financial liability (including
potential joint and several liability) in the event any such Pension Plan were
to terminate, the “amount of unfunded benefit liabilities” (as defined in
Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension
Plans (excluding for purposes of such computation any Pension Plans with respect
to which assets exceed benefit liabilities), does not exceed $60,000,000.

4.12 Regulation U. No part of the proceeds of any Advance hereunder will be used
to purchase or carry, or to extend credit to others for the purpose of
purchasing or carrying, any “margin stock” (as such term is defined in
Regulation U) in violation of Regulation U. Neither the Borrower nor any of its
Subsidiaries is engaged principally, or as one of its important activities, in
the business of extending credit for the purpose of purchasing or carrying any
such “margin stock.”

4.13 Disclosure. All written information heretofore supplied by the Borrower to
the Administrative Agent for the purposes of this Agreement (either directly or
as documents filed with or furnished to Governmental Agencies and available to
the public) is true and accurate in all material respects on the date as of
which such information is stated. The Borrower has disclosed to the
Administrative Agent (either directly or as documents filed with or furnished to
Governmental Agencies and available to the public) all facts which could
reasonably be expected to, in the good faith opinion of the Borrower, materially
and adversely affect (to the extent the Borrower can reasonably foresee) the
financial condition of the Borrower and its Subsidiaries, taken as a whole, or
the ability of the Borrower to perform its obligations under this Agreement.

4.14 Tax Liability. Each of the Borrower and its Subsidiaries has filed or
caused to be filed all tax returns which are required to have been filed by it,
and has paid or caused to be paid, or made provision for the payment of, all
taxes with respect to the periods, Property or transactions covered by said
returns, or pursuant to any assessment received by the Borrower or any of its
Subsidiaries, except (a) taxes for which the Borrower has been fully
indemnified, (b) such taxes, if any, as are being contested in good faith by
appropriate proceedings and as to which adequate reserves have been established
and maintained or (c) where the failure to so file or pay would not reasonably
be expected to have a Material Adverse Effect.

 

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4.15 Environmental Matters. As of the Closing Date, except as set forth in the
Borrower’s annual report on Form 10-K for the year ended December 31, 2012 to
the Securities and Exchange Commission, or as disclosed in Schedule 4.15 annexed
hereto, (a) the Borrower and each Subsidiary have complied with all
Environmental Laws, except to the extent that the failure to so comply would not
be reasonably expected to result in a Material Adverse Effect, (b) the
Borrower’s and its Subsidiaries’ facilities do not manage any hazardous wastes,
hazardous substances, hazardous materials, toxic substances or toxic pollutants
in any manner that would result in a violation of any Environmental Law, except
for violations that would not be reasonably expected to result in a Material
Adverse Effect and (c) the Borrower is aware of no events, conditions or
circumstances involving environmental pollution or contamination or public or
employee health or safety, in each case applicable to it or its Subsidiaries,
that has resulted or would be reasonably expected to result in a Material
Adverse Effect.

4.16 OFAC.

(i) Neither the Borrower nor any of its Subsidiaries nor, to the knowledge of
the Borrower, any director, officer, employee or agent of the Borrower or any of
its Subsidiaries is (A) a Person whose name appears on the list of Specially
Designated Nationals and Blocked Persons published by the Office of Foreign
Assets Control of the U.S. Department of Treasury (“OFAC”) (an “OFAC Listed
Person”) or a Person sanctioned by the United States of America pursuant to any
of the regulations administered or enforced by OFAC; (B) a Person who is engaged
in a transaction with any Person who is an OFAC Listed Person; or (C) a
department, agency or instrumentality of, or is otherwise controlled by or
acting on behalf of, directly or indirectly, (x) any OFAC Listed Person, or
(y) the government of a country the subject of comprehensive U.S. economic
sanctions administered by OFAC and listed on the U.S. Department of Treasury
website (collectively, “OFAC Countries”).

(ii) The Borrower shall not use the proceeds of any Advance for the purpose of
funding any activity or business in any OFAC Countries or for the purpose of
funding any prohibited activity or business of any Person located, organized or
residing in any OFAC Country or who is an OFAC Listed Person or, to the
Borrower’s knowledge, any person owned by or controlled by, or acting for or on
behalf of an OFAC Listed Person, in any case, absent valid and effective
licenses and permits issued by the government of the United States or otherwise
in accordance with applicable laws, or in any other manner that will result in
any violation by any Bank or the Agent of the sanctions administered or enforced
by OFAC.

4.17 Solvency. As of the Closing Date, after giving effect to the Transaction,
the Borrower and its Subsidiaries, determined on a consolidated basis, are
Solvent.

ARTICLE 5

AFFIRMATIVE COVENANTS

(OTHER THAN INFORMATION AND REPORTING REQUIREMENTS)

So long as any Advance remains unpaid, or any other Obligation (other than
indemnity obligations for which no claim has been made) remains unpaid or
unperformed, or any portion of the Commitments remains in force, the Borrower
shall, and shall cause each of its

 

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Subsidiaries to, unless the Administrative Agent (with the approval of the
Majority Banks) otherwise consents in writing:

5.1 Payment of Taxes and Other Potential Liens. Pay and discharge promptly all
taxes, assessments and governmental charges or levies imposed upon any of them,
upon their respective Property or any part thereof, or upon their respective
income or profits or any part thereof, except that the Borrower and its
Subsidiaries shall not be required to pay or cause to be paid any tax,
assessment, charge or levy (a) that is not yet past due, or is being contested
in good faith by appropriate proceedings, so long as the relevant entity has
established and maintains adequate reserves for the payment of the same and by
reason of such nonpayment and contest no material item or portion of Property of
the Borrower and its Subsidiaries, taken as a whole, is in jeopardy of being
seized, levied upon or forfeited or (b) the nonpayment of which in the aggregate
could not reasonably be expected to have a Material Adverse Effect.

5.2 Preservation of Existence. Preserve and maintain their respective existences
in the jurisdiction of their formation and all authorizations, rights,
franchises, privileges, consents, approvals, orders, licenses, permits, or
registrations from any Governmental Agency that are necessary for the
transaction of their respective business, and qualify and remain qualified to
transact business in each jurisdiction in which such qualification is necessary
in view of their respective business or the ownership or leasing of their
respective Properties except where the failure to maintain such preservation or
maintenance of existence, authorizations, rights, franchises, privileges,
consents, approvals, orders, licenses, permits or registration or to do so
qualify would not constitute a Material Adverse Effect and; provided that a
merger permitted under Section 6.2 shall not constitute a violation of this
covenant. Nothing herein contained shall prevent the termination of the business
or corporate existence of any Subsidiary that, in the judgment of the Borrower,
is no longer necessary or desirable, as long as immediately after giving effect
to any such transaction, no Default shall have occurred and be continuing.

5.3 Maintenance of Properties. Maintain, preserve and protect all of their
respective depreciable Properties in good order and condition, subject to wear
and tear in the ordinary course of business, and not permit any waste of their
respective Properties, except that any failure to so maintain, preserve or
protect such Properties that does not constitute a Material Adverse Effect shall
not constitute a violation of this covenant.

5.4 Maintenance of Insurance. Maintain liability, casualty and other insurance
(subject to customary deductibles and retentions), with responsible insurance
companies in such amounts and against such risks as is carried by responsible
companies engaged in similar businesses and owning similar assets in the general
areas in which the Borrower and its Subsidiaries operate; provided that,
notwithstanding the foregoing, the Borrower may self-insure if reasonable and
consistent with sound business practice.

5.5 Compliance With Laws. Comply with all Requirements of Law noncompliance with
which constitutes a Material Adverse Effect, except that the Borrower and its
Subsidiaries need not comply with a Requirement of Law then being contested by
any of them in good faith by appropriate proceedings.

 

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5.6 Visitation

. Upon reasonable notice permit the Administrative Agent or representatives of
any Bank at the Administrative Agent’s or such Bank’s expense to visit any of
its major properties, during normal business hours, to inspect and make
abstracts from its financial and accounting records (other than materials
protected by the attorney-client privilege and materials which are proprietary
in nature or which may not be disclosed without violation of a binding
confidentiality obligation), and to discuss its affairs and finances with its
officers and independent public accountants, all at such reasonable times and as
often as may reasonably be requested; provided that so long as no Default or
Event of Default has occurred and is continuing, visitation by representatives
of the Banks shall be limited to not more than one visit in any calendar year
for each Bank.

5.7 Keeping of Records and Books of Account. Keep adequate records and books of
account reflecting all financial transactions in conformity with Generally
Accepted Accounting Principles, and in material conformity with all applicable
requirements of any Governmental Agency having regulatory jurisdiction over the
Borrower or any of its Subsidiaries.

5.8 Use of Proceeds. Use the proceeds of Advances, together with other funds
available to the Borrower, (i) to finance in part the Transaction and (ii) to
pay fees and expenses incurred in connection with the Transaction.

ARTICLE 6

NEGATIVE COVENANTS

So long as any Advance remains unpaid, or any other Obligation (other than
indemnity obligations for which no claim has been made) remains unpaid or
unperformed, or any portion of the Commitments remains in force, the Borrower
shall not, and shall not permit any of its Subsidiaries to, unless the
Administrative Agent (with the approval of the Majority Banks) otherwise
consents in writing:

6.1 Change in Nature of Business. Make any material change in the nature of the
business of the Borrower and its Subsidiaries, taken as a whole, as at present
conducted.

6.2 Mergers. Merge, consolidate or amalgamate with or into any Person, or convey
substantially all of its Properties and assets to another Person, unless each of
the following conditions are met:

(a) no Default or Event of Default exists or would exist immediately following
the consummation of such merger, consolidation, amalgamation or conveyance;

(b) in a merger, consolidation or amalgamation of the Borrower with another
Person or Persons, the Borrower is the surviving entity; and

(c) in the case of a conveyance of Properties and assets, the Properties and
assets conveyed do not consist of substantially all of the Properties and assets
of the Borrower and its Subsidiaries taken as a whole.

 

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6.3 Liens; Sales and Leasebacks. Create, incur, assume or suffer to exist any
Lien of any nature upon or with respect to any of their respective Properties,
whether now owned or hereafter acquired, or engage in any sale and leaseback
transaction with respect to its Property, except:

(a) Permitted Encumbrances;

(b) Liens in favor of the Administrative Agent or the Banks under the Loan
Documents;

(c) Liens existing on the date hereof and listed on Schedule 6.3 and Liens on
the same Property which secure Indebtedness or obligations which replaces or
refinances the Indebtedness (or commitment) or obligations originally secured by
those Liens; provided that the Indebtedness or obligations secured thereby are
not increased;

(d) pre-existing Liens on assets acquired by the Borrower or any of its
Subsidiaries after the Closing Date; and

(e) additional Liens securing Indebtedness or obligations (including sale and
leaseback transactions to which the Borrower or any Subsidiary is a party as
vendor and lessee), the outstanding amount of which Indebtedness or obligation
together with Indebtedness of the Borrower’s Subsidiaries permitted under
Section 6.5, does not in the aggregate exceed 35% of Consolidated Net Worth
(measured as of the last day of the most recently ended Fiscal Quarter).

6.4 Transactions with Affiliates. Enter into any transaction of any kind which
is material to the Borrower and its Subsidiaries taken as a whole with any
Affiliate of the Borrower other than (a) transactions between or among the
Borrower and its Subsidiaries or between or among its Subsidiaries; provided
that, for the purposes of this Section 6.4, the term “Subsidiary” shall include
any partnership and joint venture that is excluded from the definition of the
term “Subsidiary” but as to which the Borrower or Subsidiary owns 50% or more of
the ownership interests, (b) transactions on terms at least as favorable to the
Borrower or its Subsidiaries as would be the case in an arm’s-length transaction
between unrelated parties of equal bargaining power, and (c) transactions
approved by a majority of the disinterested members of the Board of Directors of
Borrower or the applicable Subsidiary.

6.5 Subsidiary Indebtedness. Permit Indebtedness of the Borrower’s Subsidiaries
(other than Indebtedness of the Borrower’s Subsidiaries under the Revolving
Credit Facility Credit Agreement) at any time that, when aggregated (without
duplication) with Indebtedness permitted to be secured by Liens in accordance
with Section 6.3(e), exceeds 35% of Consolidated Net Worth (measured as of the
last day of the most recently ended Fiscal Quarter).

6.6 Financial Covenant. Permit the Consolidated Total Debt to Capitalization
Ratio as of the end of any Fiscal Quarter to be greater than 0.65 to 1.00
(excluding for purposes of calculation thereof, the Term Financing).

 

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ARTICLE 7

INFORMATION AND REPORTING REQUIREMENTS

7.1 Financial and Business Information. So long as any Advance remains unpaid,
or any other Obligation (other than indemnity obligations for which no claim has
been made) remains unpaid or unperformed, or any portion of the Commitment
remains in force, the Borrower shall, unless the Administrative Agent (with the
approval of the Majority Banks) otherwise consents in writing, deliver to the
Banks and the Administrative Agent, at the Borrower’s sole expense:

(a) As soon as practicable, and in any event within 45 days after the end of
each Fiscal Quarter (other than the fourth Fiscal Quarter in any Fiscal Year),
(i) the consolidated balance sheets of the Borrower and its Subsidiaries as at
the end of such Fiscal Quarter, (ii) consolidated statements of income and
(iii) consolidated statements of cash flow, in each case described in clauses
(ii) and (iii) of this Section 7.1(a), of the Borrower and its Subsidiaries for
such Fiscal Quarter and for the portion of the Fiscal Year ended with such
Fiscal Quarter, all in reasonable detail. Such financial statements shall be
certified by a Senior Officer of the Borrower as fairly presenting the financial
condition, results of operations and changes in financial position of the
Borrower and its Subsidiaries in accordance with Generally Accepted Accounting
Principles (other than any requirement for footnote disclosures), as at such
date and for such periods, subject only to normal year-end accruals and audit
adjustments;

(b) As soon as practicable, and in any event within 90 days after the end of
each Fiscal Year, (i) the consolidated balance sheets of the Borrower and its
Subsidiaries as at the end of such Fiscal Year, (ii) consolidated statements of
income of the Borrower and its Subsidiaries for such Fiscal Year and
(iii) consolidated statements of cash flow of the Borrower and its Subsidiaries
for such Fiscal Year, all in reasonable detail. Such financial statements shall
be prepared in accordance with Generally Accepted Accounting Principles, and
such consolidated balance sheet and consolidated statements shall be accompanied
by a report and opinion of Ernst & Young or other independent public accountants
of recognized national standing selected by the Borrower, which report and
opinion shall be prepared in accordance with generally accepted auditing
standards as at such date;

(c) Promptly after the same are available, copies of each annual report, proxy
or financial statement or other report or communication sent to the shareholders
of the Borrower generally, and copies of all annual, regular, periodic, current
and special reports and registration statements which the Borrower or a
Subsidiary of the Borrower may file or be required to file under Sections 13 or
15(d) of the Securities Exchange Act of 1934;

(d) Promptly, and in any event within five (5) Business Days after a Senior
Officer of the Borrower obtains actual knowledge of the existence of any
condition or event which constitutes a Default or Event of Default, written
notice specifying the nature and period of existence thereof and specifying what
action the Borrower or any of its Subsidiaries is taking or proposes to take
with respect thereto;

(e) Promptly upon becoming aware of the occurrence of any ERISA Event defined in
clauses (i) through (vii) or (xi) of the definition thereof involving Title IV
of ERISA

 

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that could reasonably be expected to result in material liability to the
Borrower or its Subsidiaries or any ERISA Event that could reasonably be
expected to result in a Material Adverse Effect, a written notice specifying the
nature thereof, what action the Borrower or any of its ERISA Affiliates has
taken, is taking or proposes to take with respect thereto and, when known, any
action taken or threatened by the Internal Revenue Service, the Department of
Labor or the PBGC with respect thereto;

(f) With reasonable promptness, copies of (a) each Schedule SB (Actuarial
Information) to the annual report, if any (Form 5500 Series), filed by the
Borrower or any of its Current ERISA Affiliates with the Internal Revenue
Service with respect to each Pension Plan following the Administrative Agent’s
request; (b) all notices received by the Borrower or any of its Current ERISA
Affiliates from the sponsor of a Multiemployer Plan to which a Current ERISA
Affiliate contributes concerning an ERISA Event defined in clauses (i) through
(vii) or (xi) of the definition thereof following the receipt thereof; and
(c) such other documents or governmental reports or filings relating to any
Employee Benefit Plan as the Administrative Agent shall reasonably request; and

(g) Such other material information related to the Borrower’s ability to meet
its Obligations hereunder as from time to time may be reasonably requested by
the Administrative Agent or the Majority Banks.

Documents required to be delivered pursuant to Section 7.1 (to the extent any
such documents are included in materials otherwise filed with or furnished to
the Securities and Exchange Commission and available to the public may be
delivered electronically and if so delivered), shall be deemed to have been
delivered for all purposes of this Agreement on the date (i) on which the
Borrower posts such documents, or provides a link thereto on the Borrower’s
website on the Internet at the website address listed on Schedule 11.7; or
(ii) on which such documents are posted on the Borrower’s behalf on
IntraLinks/IntraAgency or another relevant website (including, without
limitation, the EDGAR System), if any, to which each Bank and the Administrative
Agent have access (whether a commercial, third-party website or whether
sponsored by the Administrative Agent). The Administrative Agent shall have no
obligation to request the delivery or to maintain copies of the documents
referred to above, and in any event shall have no responsibility to monitor
compliance by the Borrower with any such request for delivery, and each Bank
shall be solely responsible for requesting delivery to it or maintaining its
copies of such documents.

7.2 Compliance Certificates. So long as any Advance remains unpaid, or any other
Obligation (other than indemnity obligations for which no claim has been made)
remains unpaid or unperformed, or any portion of the Commitment remains
outstanding, the Borrower shall, unless the Majority Banks otherwise consent,
deliver to the Administrative Agent, at the Borrower’s sole expense,
concurrently with the financial statements required pursuant to Sections 7.1(a)
and 7.1(b), a Compliance Certificate signed by a Senior Officer of the Borrower,
including calculations as set forth therein.

 

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ARTICLE 8

CONDITIONS

8.1 Conditions to Effectiveness. The effectiveness of this Agreement and the
Commitment of each Bank hereunder is subject solely to the Administrative
Agent’s receipt of executed counterparts of this Agreement, each of which may be
delivered by facsimile or other electronic transmission (including “pdf” and
“tif”), duly executed by the Borrower and each Bank. The Administrative Agent
shall promptly notify the Borrower and the Banks of the Effective Date in
writing, and such notice shall be conclusive and binding.

8.2 Conditions Precedent to Closing Date. The obligation of the Banks to make
Advances hereunder on the Closing Date is subject solely to satisfaction (or
waiver) of the following conditions precedent, and upon satisfaction (or waiver)
of such conditions each Bank shall make its Advance hereunder on the Closing
Date:

(a) The Administrative Agent shall have received all of the following, each of
which shall be originals unless otherwise specified:

(1) executed counterparts of this Agreement;

(2) the Notes, if requested, dated the Closing Date and executed by the Borrower
in favor of each Bank, each in a principal amount equal to that Bank’s Pro Rata
Share of the Commitment, in accordance with Section 2.1(g);

(3) a certified copy of the Certificate of Incorporation of the Borrower,
together with a good standing certificate from the Secretary of State of the
State of incorporation of the Borrower and, to the extent generally available, a
certificate or other evidence of good standing as to payment of any applicable
franchise or similar taxes from the appropriate taxing authority of such state,
each dated a recent date prior to the Closing Date;

(4) copies of the Borrower’s Bylaws, certified as of the Closing Date by the
corporate secretary or an assistant secretary of the Borrower;

(5) resolutions of the Board of Directors of the Borrower approving and
authorizing the execution, delivery and performance of this Agreement and the
other Loan Documents to which the Borrower is a party, certified as of the
Closing Date by the corporate secretary or an assistant secretary of the
Borrower as being in full force and effect without modification or amendment;

(6) signature and incumbency certificates of the officers of the Borrower
executing this Agreement and the other Loan Documents;

(7) the favorable written opinion of Latham & Watkins LLP, counsel to the
Borrower, dated as of the Closing Date;

 

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(8) a certificate dated the Closing Date as to the financial condition and
solvency of the Borrower in the form attached as Exhibit E hereto;

(9) (A) for each of the fiscal years 2010, 2011, and 2012, the audited
consolidated balance sheet of each of the Borrower and the Acquired Business as
of the end of such fiscal year and related audited consolidated statements of
operations, cash flows and shareholders’ equity, (B) for each fiscal quarter of
the 2013 fiscal year ended at least 45 days prior to the Closing Date, an
unaudited balance sheet and related statements of operations and cash flows of
each of the Borrower and the Acquired Business for such fiscal quarter and for
the elapsed period of the 2013 fiscal year and for the comparable periods of the
prior fiscal year; and (C) any additional audited and unaudited financial
statements for all recent, probable or pending acquisitions by the Borrower or
the Acquired Business that would be required to be filed in a Form 8-K if the
Borrower or the Acquired Business were a reporting company under the Securities
Exchange Act of 1934; provided that the information in this clause (C) shall
only be required with respect to the Acquired Business to the extent such
information would be necessary for inclusion in a registration statement under
the Securities Act relating to the issuance of indebtedness in the public
markets;

(10) a certificate of the chief financial officer of the Borrower to the effect
that the ratio of (x) Consolidated Total Debt of the Borrower and its
subsidiaries at the Closing Date after giving effect (excluding for clarity the
Term Financing) to the Transaction to (y) Consolidated Capitalization as set
forth in the pro forma financial statements giving effect (excluding for clarity
the Term Financing) to the Transaction is not greater than 0.65 :1.0; and

(11) a Certificate of a Senior Officer of the Borrower certifying that the
conditions specified in Sections 8.2(b), 8.2(c) and 8.2(f) have been satisfied
as of the Closing Date.

(b) The purchase by a Subsidiary of the Borrower of the outstanding shares of
Company Common Stock (as defined in the Acquisition Agreement) shall have been
or shall be, substantially simultaneously with the Advances made on the Closing
Date, consummated in accordance with the terms of that certain Agreement and
Plan of Merger dated as of August 24, 2013 among the Borrower, Arena Acquisition
Company and the Acquired Business without giving effect to any amendments,
modifications, supplements, waivers or consents by the Borrower or any of its
Affiliates thereto that are materially adverse to the interests of the Banks and
not approved by the Arrangers (which approval shall not be unreasonably
withheld, conditioned or delayed) (as so amended, modified, supplemented or
waived, and including all exhibits, schedules and annexes thereto, the
“Acquisition Agreement”). It is understood and agreed that (A) any change to the
definition of “Material Adverse Effect” in the Acquisition Agreement and (B) any
reduction in price shall, in each case, be deemed to be materially adverse to
the interest of the Banks; provided that a reduction in the purchase price of
ten percent (10%) or less, shall not in and of itself be deemed material as long
as the amount of the reduction is applied to reduce the indebtedness incurred to
finance the Acquisition (excluding for clarity the Term Financing).

 

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(c) Since August 24, 2013 there shall not have occurred a “Material Adverse
Effect” (as defined in the Acquisition Agreement) or any change, event,
circumstance or development that is, individually or in the aggregate,
reasonably likely to result in a Material Adverse Effect (as defined in the
Acquisition Agreement).

(d) All fees due to the Administrative Agent, the Arrangers and the Banks
required to be paid on the Closing Date and, to the extent invoiced at least two
business days prior to the Closing Date, and the fees, costs and expenses
referred to in Section 11.3(a) shall have been paid, in each case, from the
proceeds of the initial Advance.

(e) To the extent requested at least ten days prior to the Closing Date, the
Borrower shall have provided the documentation and other information to the
Administrative Agent that are required by regulatory authorities under
applicable “know-your-customer” rules and regulations, including the Patriot
Act.

(f) The Acquisition Agreement Representations and the Specified Representations
shall be true and correct.

If the Closing Date has not occurred on or before February 24, 2014, no Bank
shall have any obligation to make any Advances under this Agreement and the
Commitment of each Bank shall be automatically terminated in full on such day.

For the avoidance of doubt, the conditions in this Section 8.2 shall not be
conditions to the funding of each Bank’s Pro Rata Share of the Commitments on
the Pre-Funding Date.

8.3 Condition Precedent to Secondary Borrowing. The obligation of each Bank to
make any Advance after the Closing Date is subject solely to the condition
precedent that no Event of Default under Sections 9.1(a), (b) or (i) shall have
occurred and be continuing and, so long as such condition precedent has been
satisfied, each Bank shall make its Advance hereunder on such date.

ARTICLE 9

EVENTS OF DEFAULT AND REMEDIES UPON EVENT OF DEFAULT

9.1 Events of Default. The existence or occurrence of any one or more of the
following events, whatever the reason therefor and under any circumstances
whatsoever, shall constitute an “Event of Default”:

(a) The Borrower fails to pay any principal of any of the Loans, or any portion
thereof, on the date when due; or

(b) The Borrower (i) fails to pay any interest on any of the Loans, or any
portion thereof, or (ii) fails to pay any other fee or amount payable to the
Administrative Agent, the Banks under any Loan Document, or any portion thereof,
in each case within five (5) Business Days after demand therefor; or

(c) Any failure to comply with Section 7.1(d); or

 

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(d) The Borrower fails to perform or observe any other covenant or agreement
contained in any Loan Document on its part to be performed or observed within
thirty (30) days after the giving of notice by the Administrative Agent or the
Majority Banks of such Default; provided, however, that any failure to observe
any of the covenants contained in Sections 5.2 (as it relates to the Borrower’s
existence), 6.2 and 6.6 shall constitute an immediate Event of Default
hereunder; provided, further, that any failure to observe any of the covenants
contained in Section 6.3 shall constitute an Event of Default upon notice from
the Administrative Agent (acting at the direction of the Majority Banks) to the
Borrower; and provided further that any failure to observe any of the covenants
contained in Section 6.5 shall constitute an Event of Default five (5) Business
Days after knowledge by the Borrower of such Default (other than as a result of
the giving of notice by the Administrative Agent or the Majority Banks as
hereinafter provided) or, if earlier, the giving of notice by the Administrative
Agent or the Majority Banks of such Default; or

(e) Any representation or warranty made in this Agreement, any Notes or any
Request for Loan was incorrect in any material respect when made or reaffirmed;
or

(f) The Borrower or any of its Subsidiaries (i) fails to pay the principal, or
any principal installment, or any interest or fees or any other amount of any
present or future Indebtedness (other than under the Loan Documents) in an
amount in excess of $200,000,000, or any guaranty of present or future
Indebtedness in an aggregate amount in excess of $200,000,000, on its part to be
paid, when due (and after expiration of any stated grace or notice period),
whether at the stated maturity, upon acceleration, by reason of required
prepayment or otherwise or (ii) fails to perform or observe any other material
term, covenant or agreement on its part to be performed or observed, or suffers
any event to occur, and such failure or event continues after the applicable
grace period, if any, and is not waived, in connection with any present or
future Indebtedness in an amount in excess of $200,000,000, or of any guaranty
of present or future Indebtedness in excess of $200,000,000, if as a result of
such failure or sufferance any holder or holders thereof (or an agent or trustee
on its or their behalf) has the right to declare such Indebtedness or guaranty
due before the date on which it otherwise would become due; or

(g) Any Loan Document, at any time after its execution and delivery and for any
reason other than the agreement of the Banks or satisfaction in full of all the
Obligations, ceases to be in full force and effect or is declared by a court of
competent jurisdiction to be null and void, invalid or unenforceable in any
respect which, in any such event in the reasonable opinion of the Majority
Banks, is materially adverse to the interests of the Banks; or the Borrower
denies that it has any or further liability or obligation under any Loan
Document, or purports to revoke, terminate or rescind same; or

(h) A judgment against the Borrower or any of its Subsidiaries is entered for
the payment of money in excess of $200,000,000 (to the extent not adequately
covered by insurance as to which a solvent and unaffiliated insurance company
has acknowledged coverage) and, absent procurement of a stay of execution, such
judgment remains unstayed, unbonded or unsatisfied for sixty (60) calendar days
after the date of entry of judgment; or

 

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(i) The Borrower or any Subsidiary of the Borrower the Shareholders’ Equity of
which, as shown on the most recent consolidated balance sheet, equals or exceeds
10% of the Shareholders’ Equity of the Borrower and its Consolidated
Subsidiaries as shown on such consolidated balance sheet, institutes or consents
to any proceeding under a Debtor Relief Law relating to it or to all or any
substantial part of its Property, or is unable or admits in writing its
inability to pay its debts as they mature, or makes an assignment for the
benefit of creditors; or applies for or consents to the appointment of any
receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer for it or for all or any substantial part of its Property; or any
receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer is appointed without the application or consent of that Person and the
appointment continues undischarged or unstayed for sixty (60) calendar days; or
any proceeding under a Debtor Relief Law relating to any such Person or to all
or any part of its Property is instituted without the consent of that Person and
continues undismissed or unstayed for sixty (60) calendar days; or any judgment,
writ, warrant of attachment or execution or similar process is issued or levied
against all or any material part of the Property of any such Person and is not
released, vacated or fully bonded within sixty (60) calendar days after its
issue or levy; or any order for relief shall be entered in respect of the
Borrower or any such Subsidiary; or

(j) (i) Any Person or two or more Persons acting in concert shall acquire
beneficial ownership (within the meaning of Rule 13d-3 of the Securities and
Exchange Commission under the Securities Exchange Act of 1934) directly or
indirectly, of securities of the Borrower (or other securities convertible into
such securities) representing 30% or more of the combined voting power of all
securities of the Borrower entitled to vote in the election of directors, other
than securities having such power only by reason of the happening of a
contingency; or (ii) during any period of up to 12 consecutive months,
commencing before or after the date of this Agreement, individuals who at the
beginning of such 12-month period were directors of the Borrower, or whose
nomination for election to the Board of Directors of the Borrower was
recommended or approved by a vote of at least a majority of the directors then
still in office who were directors of the Borrower on the first day of such
period, shall cease for any reason to constitute a majority of the Board of
Directors of the Borrower; or (iii) any Person or two or more Persons acting in
concert shall have acquired by contract or otherwise, or shall have entered into
a contract or arrangement which upon consummation will result in its or their
acquisition of, control over securities of the Borrower (or other securities
convertible into such securities) representing 30% or more of the combined
voting power of all securities of the Borrower entitled to vote in the election
of directors, other than securities having such power only by reason of the
happening of a contingency; provided, however, that there shall not be an Event
of Default pursuant to subsections (i) or (iii) of this Section 9.1(j) with
respect to any Persons who on the date hereof meet the requirements set forth in
said subsections (i) or (iii) of this Section 9.1(j); or

(k) there shall occur one or more ERISA Events which individually or in the
aggregate results in or might reasonably be expected to result in liability of
the Borrower, a Subsidiary or any of their ERISA Affiliates in excess of
$200,000,000 during the term of this Agreement; or there shall exist an “amount
of unfunded benefit liabilities” (as defined in Section 4001(a)(18) of ERISA),
individually or in the aggregate for all Pension Plans with respect to which the
Borrower or a Subsidiary has any financial liability, including potential joint
and several liability in the event any such Pension Plan were to terminate
(excluding for

 

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purposes of such computation any Pension Plans with respect to which assets
exceed benefit liabilities), which exceeds $200,000,000 and Majority Banks
determine that such event could reasonably be expected to have a Material
Adverse Effect.

9.2 Remedies Upon Event of Default. Without limiting any other rights or
remedies of the Administrative Agent or the Banks provided for elsewhere in this
Agreement, or the Loan Documents, or by applicable Law, or in equity, or
otherwise:

(a) Upon the occurrence, and during the continuance, of any Event of Default
other than an Event of Default described in Section 9.1(i) with respect to the
Borrower:

(1) the commitment to make Advances and all other obligations of the
Administrative Agent or the Banks and all rights of the Borrower and any other
parties under the Loan Documents shall be suspended without notice to or demand
upon the Borrower, which are expressly waived by the Borrower, except, subject
to Section 9.2(a)(2), that the Majority Banks (or all of the Banks to the extent
required by Section 11.2) may waive the Event of Default or, without waiving,
determine, upon terms and conditions satisfactory to the Majority Banks (or all
of the Banks, as the case may be), to reinstate the Commitment and make further
Advances, which waiver or determination shall apply equally to, and shall be
binding upon all the Banks; and

(2) the Majority Banks may request the Administrative Agent to, and the
Administrative Agent thereupon shall, terminate the Commitment and/or declare,
by notice to the Borrower, all or any part of the unpaid principal of all Loans,
all interest accrued and unpaid thereon and all other amounts payable under the
Loan Documents to be forthwith due and payable, whereupon the same shall become
and be forthwith due and payable, without protest, presentment, notice of
dishonor, demand or further notice of any kind, all of which are expressly
waived by the Borrower;

provided that, notwithstanding the foregoing, nothing in this Section 9.2(a)
shall allow for, or otherwise permit, the termination or suspension of
Commitments prior to the end of the Availability Period, nor shall anything in
this Section 9.2(a) excuse any Bank from making any Advance after the Closing
Date if the condition set forth in Section 8.3 has been satisfied.

(b) Upon the occurrence of any Event of Default described in Section 9.1(i) with
respect to the Borrower:

(1) the commitment to make Advances and all other obligations of the
Administrative Agent or the Banks and all rights of the Borrower and any other
parties under the Loan Documents shall terminate without notice to or demand
upon the Borrower, which are expressly waived by the Borrower; and

(2) the unpaid principal of all Loans, all interest accrued and unpaid thereon
and all other amounts payable under the Loan Documents shall be forthwith due
and payable, without protest, presentment, notice of dishonor,

 

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demand or further notice of any kind, all of which are expressly waived by the
Borrower.

(c) Upon the occurrence of any Event of Default, subject to clause (d) of this
Section 9.2, the Banks and the Administrative Agent, or any of them, without
notice to or demand upon the Borrower, which are expressly waived by the
Borrower, may proceed to protect, exercise and enforce their rights and remedies
under the Loan Documents against the Borrower and any other party and such other
rights and remedies as are provided by Law or equity.

(d) The order and manner in which the Banks’ rights and remedies are to be
exercised shall be determined by the Majority Banks in their sole discretion,
and all payments received by the Administrative Agent and the Banks, or any of
them, shall be applied first to the costs and expenses (including attorneys’
fees and disbursements covered by Section 11.3) of the Administrative Agent,
acting as Administrative Agent, and of the Banks (to the extent covered by
Section 11.3), and thereafter paid pro rata to the Banks in the same proportions
that the aggregate Obligations owed to each Bank under the Loan Documents bear
to the aggregate Obligations owed under the Loan Documents to all the Banks,
without priority or preference among the Banks. Regardless of how each Bank may
treat payments for the purpose of its own accounting, for the purpose of
computing the Borrower’s Obligations hereunder and under the Notes, payments
shall be applied first, to the costs and expenses of the Administrative Agent,
acting as Administrative Agent, and the Banks, as set forth above, second, to
the payment of accrued and unpaid interest due under any Loan Documents to and
including the date of such application (ratably, and without duplication,
according to the accrued and unpaid interest due under each of the Loan
Documents), and third, to the payment of all other amounts (including principal
and fees) then owing to the Administrative Agent or the Banks under the Loan
Documents. No application of payments will cure any Event of Default, or prevent
acceleration, or continued acceleration, of amounts payable under the Loan
Documents, or prevent the exercise, or continued exercise, of rights or remedies
of the Banks hereunder or thereunder or at law or in equity.

(e) Upon the occurrence of an Event of Default resulting from or resulting in
the default by the Borrower in the repayment of its Eurodollar Rate Advances
when required by the terms of this Agreement, the Borrower shall compensate each
Bank in accordance with Section 3.5(c).

ARTICLE 10

THE ADMINISTRATIVE AGENT

10.1 Appointment and Authority. Each of the Banks hereby irrevocably appoints
Bank of America to act on its behalf as the Administrative Agent hereunder and
under the other Loan Documents and authorizes the Administrative Agent to take
such actions on its behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms hereof or thereof, together with such actions
and powers as are reasonably incidental thereto. The provisions of this Article
10 are solely for the benefit of the Administrative Agent and the Banks, and the
Borrower shall have no rights as a third party beneficiary of any of such
provisions (except for the consents specifically required in Section 10.6). It
is understood and

 

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agreed that the use of the term “agent” herein or in any other Loan Document (or
any other similar term) with reference to the Administrative Agent is not
intended to connote any fiduciary or other implied (or express) obligations
arising under agency doctrine of any applicable Law. Instead such term is used
as a matter of market custom, and is intended to create or reflect only an
administrative relationship between contracting parties.

10.2 Rights as a Bank. The Person serving as the Administrative Agent hereunder
shall have the same rights and powers in its capacity as a Bank as any other
Bank and may exercise the same as though it were not the Administrative Agent
and the term “Bank” or “Banks” shall, unless otherwise expressly indicated or
unless the context otherwise requires, include the Person serving as the
Administrative Agent hereunder in its individual capacity. Such Person and its
Affiliates may accept deposits from, lend money to, own securities of, act as
the financial advisor or in any other advisory capacity for and generally engage
in any kind of business with the Borrower or any Subsidiary or other Affiliate
thereof as if such Person were not the Administrative Agent hereunder and
without any duty to account therefor to the Banks.

10.3 Exculpatory Provisions.

(a) The Administrative Agent shall not have any duties or obligations except
those expressly set forth herein and in the other Loan Documents, and its duties
hereunder shall be administrative in nature. Without limiting the generality of
the foregoing, the Administrative Agent:

(i) shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing;

(ii) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that the Administrative Agent
is required to exercise as directed in writing by the Majority Banks (or such
other number or percentage of the Banks as shall be expressly provided for
herein or in the other Loan Documents); provided that the Administrative Agent
shall not be required to take any action that, in its opinion or the opinion of
its counsel, may expose the Administrative Agent to liability or that is
contrary to any Loan Document or applicable Law, including for the avoidance of
doubt any action that may be in violation of the automatic stay under any Debtor
Relief Law or that may effect a forfeiture, modification or termination of
property of a Defaulting Bank in violation of any Debtor Relief Law; and

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

(b) The Administrative Agent shall not be liable for any action taken or not
taken by it (i) with the consent or at the request of the Majority Banks (or
such other number or percentage of the Banks as shall be necessary, or as the
Administrative Agent shall believe in good faith shall be necessary, under the
circumstances as provided in Section 11.2 and Article 9), or (ii) in the absence
of its own gross negligence or willful misconduct as determined by a court

 

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of competent jurisdiction by final and nonappealable judgment. The
Administrative Agent shall be deemed not to have knowledge of any Default unless
and until notice describing such Default is given to the Administrative Agent in
writing by the Borrower or a Bank.

(c) The Administrative Agent shall not be responsible for or have any duty to
ascertain or inquire into (i) any statement, warranty or representation made in
or in connection with this Agreement or any other Loan Document, (ii) the
contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set
forth herein or therein or the occurrence of any Default, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement, any other Loan
Document or any other agreement, instrument or document, or (v) the satisfaction
of any condition set forth in Article 8 or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the
Administrative Agent.

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

10.5 Delegation of Duties. The Administrative Agent may perform any and all of
its duties and exercise its rights and powers hereunder or under any other Loan
Document by or through any one or more sub-agents appointed by the
Administrative Agent. The Administrative Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or
through their respective Related Parties. The exculpatory provisions of this
Article 10 shall apply to any such sub-agent and to the Related Parties of the
Administrative Agent and each such sub-agent, and shall apply to their
respective activities in connection with the syndication of the Loans as well as
activities as Administrative Agent. The Administrative Agent shall not be
responsible for the negligence or misconduct of any sub-agents except to the
extent that a court of competent jurisdiction determines in a final and
nonappealable judgment that the Administrative Agent acted with gross negligence
or willful misconduct in the selection of such sub-agents.

10.6 Resignation of the Administrative Agent.

(a) The Administrative Agent may at any time give notice of its resignation to
the Banks and the Borrower (provided that such notice given while the
Administrative Agent is

 

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holding Pre-Advanced Funds shall become effective immediately after distribution
of such funds to the Banks or the Borrower pursuant to Section 2.1). Upon
receipt of any such notice of resignation, the Majority Banks shall have the
right, with the written consent of the Borrower (such consent not to be
unreasonably withheld and not to be required if an Event of Default has occurred
and is continuing), to appoint a successor, which shall be a bank with an office
in the United States, or an Affiliate of any such bank with an office in the
United States. If no such successor shall have been so appointed by the Majority
Banks and shall have accepted such appointment within 30 days after the retiring
Administrative Agent gives notice of its resignation (or such earlier day as
shall be agreed by the Majority Banks) (the “Resignation Effective Date”), then
the retiring Administrative Agent may (but shall not be obligated to), on behalf
of the Banks, appoint a successor Administrative Agent meeting the
qualifications set forth above. Whether or not a successor has been appointed,
such resignation shall become effective in accordance with such notice on the
Resignation Effective Date.

(b) If the Person serving as Administrative Agent is a Defaulting Bank pursuant
to clause (v) of the definition thereof, the Majority Banks may, to the extent
permitted by applicable Law, by notice in writing to the Borrower and such
Person remove such Person as Administrative Agent and, with the written consent
of the Borrower (such consent not to be unreasonably withheld and not to be
required if an Event of Default has occurred and is continuing), appoint a
successor. If no such successor shall have been so appointed by the Majority
Banks and shall have accepted such appointment within 30 days (or such earlier
day as shall be agreed by the Majority Banks ) (the “Removal Effective Date”),
then such removal shall nonetheless become effective in accordance with such
notice on the Removal Effective Date.

(c) With effect from the Resignation Effective Date or the Removal Effective
Date (as applicable) (1) the retiring or removed Administrative Agent shall be
discharged from its duties and obligations hereunder and under the other Loan
Documents and (2) except for any indemnity payments owed to the retiring or
removed Administrative Agent, all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be
made by or to each Bank directly, until such time, if any, as the Majority Banks
appoint a successor Administrative Agent as provided for above. Upon the
acceptance of a successor’s appointment as Administrative Agent hereunder, such
successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring or removed Administrative Agent (other
than any rights to indemnity payments owed to the retiring or removed
Administrative Agent as of the Resignation Effective Date or the Removal
Effective Date, as applicable), and the retiring or removed Administrative Agent
shall be discharged from all of its duties and obligations hereunder or under
the other Loan Documents (if not already discharged therefrom as provided above
in this Section 10.6). The fees payable by the Borrower to a successor
Administrative Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Borrower and such successor. After the
retiring or removed Administrative Agent’s resignation or removal hereunder and
under the other Loan Documents, the provisions of this Article 10 and Sections
11.3 and 11.12 shall continue in effect for the benefit of such retiring or
removed Administrative Agent, its sub-agents and their respective Related
Parties in respect of any actions taken or omitted to be taken by any of them
while the retiring or removed Administrative Agent was acting as Administrative
Agent.

10.7 Non-Reliance on Administrative Agent and Other Banks.

 

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Each Bank acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Banks or any of their Related Parties and
based on such documents and information as it has deemed appropriate, made its
own credit analysis and decision to enter into this Agreement. Each Bank also
acknowledges that it will, independently and without reliance upon the
Administrative Agent or any other Bank or any of their Related Parties and based
on such documents and information as it shall from time to time deem
appropriate, continue to make its own decisions in taking or not taking action
under or based upon this Agreement, any other Loan Document or any related
agreement or any document furnished hereunder or thereunder.

10.8 Right to Indemnity. To the extent that the Borrower for any reason fails to
indefeasibly pay any amount required under Section 11.12 to be paid by it to the
Administrative Agent, its directors, officers, agents, employees, attorneys and
Affiliates, each Bank shall, ratably in accordance with its Pro Rata Share,
indemnify and hold the Administrative Agent, its directors, officers, agents,
employees, attorneys and Affiliates harmless against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever (including, without
limitation, reasonable attorneys’ fees and disbursements) that may be imposed
on, incurred by or asserted against them in any way relating to or arising out
of the Loan Documents (other than losses incurred by reason of the failure of
the Borrower to pay the Obligations represented by the Loan Documents) or any
action taken or not taken by it as Administrative Agent thereunder, except such
as result from its own gross negligence or willful misconduct. Without
limitation on the foregoing, each Bank shall reimburse the Administrative Agent
upon demand for that Bank’s ratable share of any cost or expense incurred by the
Administrative Agent in connection with the negotiation, preparation, execution,
delivery, amendment, waiver, restructuring, reorganization (including a
bankruptcy reorganization), enforcement or attempted enforcement of the Loan
Documents, to the extent that the Borrower or any other party is required by
Section 11.3 to pay that cost or expense but fails to do so upon demand. Nothing
in this Section 10.8 shall entitle the Administrative Agent to recover any
amount from the Banks if and to the extent that such amount has theretofore been
recovered from the Borrower or any of its Subsidiaries. The undertaking in this
Section 10.8 shall survive termination of the Commitments, the payment of all
other Obligations and the resignation of the Administrative Agent.

10.9 No Other Duties, etc. Anything herein to the contrary notwithstanding, none
of the Persons acting as Arrangers, Bookrunning Managers, Syndication Agents or
Documentation Agents listed on the cover page hereof shall have any powers,
duties or responsibilities under this Agreement or any of the other Loan
Documents, except in its capacity, as applicable, as the Administrative Agent or
as a Bank hereunder.

ARTICLE 11

MISCELLANEOUS

11.1 Cumulative Remedies; No Waiver. The rights, powers, privileges and remedies
of the Administrative Agent and the Banks provided herein or in any Note or
other Loan Document are cumulative and not exclusive of any right, power,
privilege or remedy provided by Law or equity. No failure or delay on the part
of the Administrative Agent or any Bank in exercising any right, power,
privilege or remedy may be, or may be deemed to be, a

 

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waiver thereof; nor may any single or partial exercise of any right, power,
privilege or remedy preclude any other or further exercise of the same or any
other right, power, privilege or remedy. The terms and conditions of Article 8
hereof are inserted for the sole benefit of the Administrative Agent and the
Banks; the same may be waived in whole or in part, with or without terms or
conditions, in respect of any Loan without prejudicing the Administrative
Agent’s or the Banks’ rights to assert them in whole or in part in respect of
any other Loan.

11.2 Amendments; Consents. No amendment, modification, supplement, extension,
termination or waiver of any provision of this Agreement or any other Loan
Document, no approval or consent thereunder, and no consent to any departure by
the Borrower or any other party therefrom, may in any event be effective unless
the same shall be in writing and signed by the Majority Banks (or signed by the
Administrative Agent at the direction of the Majority Banks) and the Borrower,
and then only in the specific instance and for the specific purpose given; and,
without the approval in writing of all the Banks directly and adversely affected
by such amendment, modification, supplement, termination, waiver or consent, no
amendment, modification, supplement, termination, waiver or consent may be
effective:

(a) To increase any Bank’s Commitment, extend scheduled payment dates of any
Loan or Note beyond the Maturity Date, reduce the rate of interest (other than
any waiver of any increase in the interest rate applicable to any of the Loans
pursuant to Section 3.6) or fees or other amounts owing to the Bank, reduce or
forgive the principal amount of the Loans, or extend any scheduled payment dates
of principal, interest or fees, or otherwise reduce the principal amount of the
Obligations;

(b) To amend or modify the provisions of the definitions of “Maturity Date”, or
“Majority Banks” or of this Section 11.2;

(c) To amend or modify any provision of this Agreement that expressly requires
the consent or approval of all the Banks; or

(d) To extend the Availability Period.

In addition, no amendment, modification, supplement, termination, waiver or
consent shall, unless in writing and signed by the Administrative Agent in
addition to the Banks required above to take such action, affect the rights or
duties of the Administrative Agent acting in such capacity under this Agreement
or any Note. Any amendment, modification, supplement, termination, waiver or
consent pursuant to this Section 11.2 shall apply equally to, and shall be
binding upon, all the Banks, the Administrative Agent and the Borrower. Copies
of all amendments, modifications, supplements, terminations, waivers and
consents shall be distributed to the Administrative Agent, each Bank and the
Borrower.

11.3 Costs, Expenses and Taxes. The Borrower shall pay on demand the reasonable
costs and expenses (a) of each Arranger, the Administrative Agent and the
Syndication Agents in connection with the negotiation, preparation, execution
and delivery of the Loan Documents (including, without limitation, the
reasonable legal fees and out-of-pocket expenses of Shearman & Sterling LLP),
and, (b) if the Borrower requests the amendment, waiver, supplement or
modification the Loan Documents, of the Administrative Agent in

 

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connection with any such amendment, waiver, supplement or modification
(including, without limitation, the reasonable legal fees and out-of-pocket
expenses of counsel to the Administrative Agent), and (c) if any Event of
Default has occurred and is continuing, of the Administrative Agent and the
Banks in connection with any workout, restructuring, reorganization (including a
bankruptcy reorganization) and in any event enforcement or attempted enforcement
of the Loan Documents, and any matter related thereto, including, without
limitation, out-of-pocket expenses and the reasonable fees and out-of-pocket
expenses of any legal counsel, independent public accountants and other outside
experts retained by the Administrative Agent or any Bank, and including, without
limitation, any costs, expenses or fees incurred or suffered by the
Administrative Agent or any Bank in connection with or during the course of any
bankruptcy or insolvency proceedings of the Borrower or any Subsidiary thereof.
The Borrower shall pay any and all costs, expenses, fees and charges payable or
determined to be payable in connection with the filing or recording of this
Agreement, any other Loan Document or any other instrument or writing to be
delivered hereunder or thereunder, or in connection with any transaction
pursuant hereto or thereto, and shall reimburse, hold harmless and indemnify the
Arrangers, the Administrative Agent, the Syndication Agents and the Banks from
and against any and all loss, liability or legal or other expense with respect
to or resulting from any delay in paying or failure to pay any such tax, cost,
expense, fee or charge or that any of them may suffer or incur by reason of the
failure of any party (other than any Arranger, the Administrative Agent, the
Syndication Agents or any Bank) to perform any of its Obligations. This
Section 11.3 shall not apply to the extent that any loss, liability or expense
relates to any Taxes (including withholding Taxes and Other Taxes) for which
there may be an indemnification, reimbursement or other payment obligation
imposed on the Borrower pursuant to any other provision of this Agreement
(including, without limitation, Section 3.9).

11.4 Obligation to Make Payments in Dollars. The obligation of the Borrower to
make payments in Dollars of the principal and interest becoming due and payable
on each Loan, and to pay all other Obligations hereunder in Dollars, (i) shall
not be discharged or satisfied by any tender, or any recovery pursuant to any
judgment, which is expressed in or converted into any currency other than
Dollars except to the extent that such tender or recovery shall result in the
actual receipt by the Administrative Agent and the Banks of the full amount of
Dollars expressed to be payable in respect of the principal and interest of each
Loan and in respect of each other Obligation, (ii) shall be enforceable as an
alternative or additional cause of action for the purpose of recovering in
Dollars the amount, if any, by which such actual receipt shall fall short of the
full amount of Dollars so expressed to be payable and (c) shall not be affected
by judgment being obtained for any other sum due under this Agreement.

11.5 Nature of Banks’ Obligations. The obligations of the Banks hereunder are
several and not joint or joint and several. Nothing contained in this Agreement
or any other Loan Document and no action taken by the Administrative Agent or
the Banks or any of them pursuant hereto or thereto may, or may be deemed to,
make the Banks a partnership, an association, a joint venture or other entity,
either among themselves or with the Borrower or any Affiliate of the Borrower.
Each Bank’s obligation to make any Advance pursuant hereto is several and not
joint or joint and several, and is not conditioned upon the performance by all
other Banks of their obligations to make Advances.

 

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11.6 Survival. All representations and warranties contained herein or in any
other Loan Document, or in any certificate or other writing delivered by or on
behalf of any one or more of the parties to any Loan Document, will survive the
making of the Advances hereunder and the execution and delivery of the Notes,
and have been or will be relied upon by the Administrative Agent and each Bank,
notwithstanding any investigation made by the Administrative Agent or any Bank
or on their behalf. The obligations of the Borrower under Sections 3.4 and 3.5
shall survive for thirty (30) days following the termination of this Agreement
and the repayment of the Notes. The obligations of the Borrower under Sections
11.3 and 11.12 shall survive the termination of this Agreement and the repayment
of the Notes, provided, however, that such obligations shall not, from and after
the termination of this Agreement, be deemed to be Obligations for any purpose
under the Loan Documents.

11.7 Notices and Other Communications; Facsimile Copies.

(a) Notices General. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in
Section 11.7(b)), all notices and other communications provided for herein shall
be in writing and shall be delivered by hand or overnight courier service,
mailed by certified or registered mail or sent by facsimile or other electronic
communication as follows:

(i) if to the Borrower or the Administrative Agent, to the address, facsimile
number, electronic mail address or telephone number specified for such Person on
Schedule 11.7 or to such other address, facsimile number, electronic mail
address or telephone number as shall be designated by such party in a notice to
the other parties; and

(ii) if to any other Bank, to the address, facsimile number, electronic mail
address or telephone number specified in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or
registered mail, shall be deemed to have been given when received; notices sent
by facsimile shall be deemed to have been given when sent (except that, if not
given during normal business hours for the recipient, shall be deemed to have
been given at the opening of business on the next business day for the
recipient). Notices delivered through electronic communications, to the extent
provided in Section 11.7(b) below, shall be effective as provided in
Section 11.7(b).

(b) Electronic Communications. Notices and other communications to the Banks
hereunder may be delivered or furnished by electronic communication (including e
mail and Internet or intranet websites) pursuant to procedures approved by the
Administrative Agent, provided that the foregoing shall not apply to notices to
any Bank pursuant to Article 2 if such Bank has notified the Administrative
Agent that it is incapable of receiving notices under such Article 2 by
electronic communication. The Administrative Agent or the Borrower may, in its
discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or
communications.

Unless the Agent otherwise prescribes, (i) notices and other communications sent
to an e-mail address shall be deemed received upon the sender’s receipt of an
acknowledgement

 

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from the intended recipient (such as by the “return receipt requested” function,
as available, return e-mail or other written acknowledgement), and (ii) notices
or communications posted to an Internet or intranet website shall be deemed
received upon the deemed receipt by the intended recipient, at its e-mail
address as described in the foregoing clause (i) of this Section 11.7(b), of
notification that such notice or communication is available and identifying the
website address therefor; provided that, for both clauses (i) and (ii) of this
Section 11.7(b), if such notice, email or other communication is not sent during
the normal business hours of the recipient, such notice or communication shall
be deemed to have been sent at the opening of business on the next business day
for the recipient.

(c) Change of Address, etc. Any party hereto may change its address or facsimile
number for notices and other communications hereunder by notice to the other
parties hereto.

(d) Platform.

(i) The Borrower agrees that the Administrative Agent may, but shall not be
obligated to, make the Communications available to the Banks by posting the
Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar
electronic transmission systems (the “Platform”).

(ii) THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. THE AGENT PARTIES (AS
DEFINED BELOW) DO NOT WARRANT THE ACCURACY OF THE PLATFORM AND EXPRESSLY
DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF
ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY
WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT
OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY
THE AGENT PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO
EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR
RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES
(COLLECTIVELY, “AGENT PARTIES”) HAVE ANY LIABILITY TO THE BORROWER, ANY BANK OR
ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING, WITHOUT
LIMITATION, DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES,
LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF THE
BORROWER’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH
THE PLATFORM. “Communications” means, collectively, any notice, demand,
communication, information, document or other material that the Borrower
provides to the Administrative Agent pursuant to any Loan Document or the
transactions contemplated therein which is distributed to the Administrative
Agent or any Bank by means of electronic communications pursuant to this
Section 11.7, including through the Platform.

11.8 Execution of Loan Documents. Unless the Administrative Agent otherwise
specifies with respect to any Loan Document, this Agreement and any other Loan

 

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Document may be executed in any number of counterparts and any party hereto or
thereto may execute any counterpart, each of which when executed and delivered
will be deemed to be an original and all of which counterparts of this Agreement
or any other Loan Document, as the case may be, when taken together will be
deemed to be but one and the same instrument. The execution of this Agreement or
any other Loan Document by any party hereto or thereto will not become effective
until counterparts hereof or thereof, as the case may be, have been executed by
all the parties hereto or thereto.

11.9 Binding Effect; Assignment; Entire Agreement.

(a) This Agreement and the other Loan Documents shall be binding upon and shall
inure to the benefit of the parties hereto and thereto and their respective
successors and assigns, except that the Borrower and/or its Affiliates may not
assign their rights hereunder or thereunder or any interest herein or therein
without the prior written consent of all the Banks.

(b) Assignments by Banks. Any Bank may at any time assign to one or more
assignees all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Commitment and the Loans at the time owing to
it); provided that any such assignment shall be subject to the following
conditions:

(i) Minimum Amounts.

(A) in the case of an assignment of the entire remaining amount of the assigning
Bank’s Commitment and/or the Loans at the time owing to it or contemporaneous
assignments to related Approved Funds that equal at least the amount specified
in Section 11.9(b)(i)(B) in the aggregate or in the case of an assignment to a
Bank, an Affiliate of a Bank or an Approved Fund, no minimum amount need be
assigned; and

(B) in any case not described in Section 11.9(b)(i)(A), the aggregate amount of
the Commitment (which for this purpose includes Loans outstanding thereunder)
or, if the applicable Commitment is not then in effect, the principal
outstanding balance of the Loans of the assigning Bank subject to each such
assignment (determined as of the date the Assignment Agreement with respect to
such assignment is delivered to the Administrative Agent or, if “Trade Date” is
specified in the Assignment Agreement, as of the Trade Date) shall not be less
than $5,000,000 and assigned amounts must be in increments of $1,000,000 unless
each of the Administrative Agent and, so long as no Event of Default has
occurred and is continuing, the Borrower otherwise consents in writing (each
such consent not to be unreasonably withheld or delayed).

(ii) Proportionate Amounts. Each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Bank’s rights and
obligations under this Agreement with respect to the Loan or the Commitment
assigned.

(iii) Required Consents. No consent shall be required for any assignment except
to the extent required by Section 11.9(b)(i)(B) and, in addition:

(A) the written consent of the Borrower (such consent not to be unreasonably
withheld or delayed) shall be required unless (x) an Event of Default has
occurred

 

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and is continuing at the time of such assignment, or (y) such assignment is to a
Bank, an Affiliate of a Bank or an Approved Fund; and

(B) the written consent of the Administrative Agent (such consent not to be
unreasonably withheld or delayed) shall be required if such assignment is to a
Person that is not a Bank, an Affiliate of such Bank or an Approved Fund.

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

(v) No Assignment to Certain Persons. No such assignment shall be made to
(A) the Borrower or the Borrower’s Affiliates or Subsidiaries or (B) to any
Defaulting Bank or Potential Defaulting Bank or any of their respective
Subsidiaries, or any Person who, upon becoming a Bank hereunder, would
constitute any of the foregoing Persons described in this clause (B). No such
assignment of Commitments shall be made at any time prior to the end of the
Availability Period to any Person that is not an Eligible Pre-Closing Bank.

(vi) No Assignment to Natural Persons. No such assignment shall be made to a
natural Person.

(vii) Provision of Tax Forms. The documentation required by Section 11.25 with
respect to such assignee shall have been provided to the Borrower and the
Administrative Agent.

(viii) Certain Additional Payments. In connection with any assignment of rights
and obligations of any Defaulting Bank hereunder, no such assignment shall be
effective unless and until, in addition to the other conditions thereto set
forth herein, the parties to the assignment shall make such additional payments
to the Administrative Agent in an aggregate amount sufficient, upon distribution
thereof as appropriate (which may be outright payment, purchases by the assignee
of participations or subparticipations, or other compensating actions, including
funding, with the consent of the Borrower and the Administrative Agent, the
applicable pro rata share of Loans previously requested but not funded by the
Defaulting Bank, to each of which the applicable assignee and assignor hereby
irrevocably consent), to (x) pay and satisfy in full all payment liabilities
then owed by such Defaulting Bank to the Administrative Agent and each other
Bank hereunder (and interest accrued thereon), and (y) acquire (and fund as
appropriate) its full pro rata share of all Loans in accordance with its Pro
Rata Share. Notwithstanding the foregoing, in the event that any assignment of
rights and obligations of any Defaulting Bank hereunder shall become effective
under applicable Law without compliance with the provisions of this
Section 11.9(b)(viii), then the assignee of such interest shall be deemed to be
a Defaulting Bank for all purposes of this Agreement until such compliance
occurs.

Subject to acceptance and recording thereof by the Administrative Agent pursuant
to Section 11.9(g), from and after the effective date specified in each
Assignment Agreement, the assignee thereunder shall be a party to this Agreement
and, to the extent of the interest assigned by such Assignment Agreement, have
the rights and obligations of a Bank under this Agreement, and the assigning
Bank thereunder shall, to the extent of the interest assigned by such Assignment
Agreement, be released from its obligations under this Agreement (and, in the
case of an Assignment Agreement covering all of the assigning Bank’s rights and
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Agreement, such Bank shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Sections 3.4, 3.5, 3.9(d), 11.3, and 11.12 with
respect to facts and circumstances occurring prior to the effective date of such
assignment; provided, that except to the extent otherwise expressly agreed by
the affected parties, no assignment by a Defaulting Bank will constitute a
waiver or release of any claim of any party hereunder arising from that Bank’s
having been a Defaulting Bank. Any assignment or transfer by a Bank of rights or
obligations under this Agreement that does not comply with this Section 11.9(b)
shall be treated for purposes of this Agreement as a sale by such Bank of a
participation in such rights and obligations in accordance with Section 11.9(c).

(c) Participations. Any Bank may at any time, without the consent of, or notice
to, the Borrower or the Administrative Agent, sell participations to any Person
(other than a natural Person or the Borrower or the Borrower’s Affiliates or
Subsidiaries) (each, a “Participant”) in all or a portion of such Bank’s rights
and/or obligations under this Agreement (including all or a portion of its
Commitment and/or the Loans owing to it); provided that (i) such Bank’s
obligations under this Agreement shall remain unchanged, (ii) such Bank shall
remain solely responsible to the other parties hereto for the performance of
such obligations, and (iii) the Borrower, the Administrative Agent and Banks
shall continue to deal solely and directly with such Bank in connection with
such Bank ’s rights and obligations under this Agreement. For the avoidance of
doubt, each Bank shall be responsible for the indemnity under Section 10.7 with
respect to any payments made by such Bank to its Participant(s).

Any agreement or instrument pursuant to which a Bank sells such a participation
shall provide that such Bank shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision
of this Agreement; provided that such agreement or instrument may provide that
such Bank will not, without the consent of the Participant, agree to any
amendment, modification or waiver described in clauses (a) and (b) (in the case
of such clause (b), solely with respect to amendments or modifications of the
provisions of the definition of “Maturity Date”) of Section 11.2 that directly
and adversely affects such Participant. The Borrower agrees that each
Participant shall be entitled to the benefits of Sections 3.4, 3.5 and 3.9(d) to
the same extent as if it were a Bank and had acquired its interest by assignment
pursuant to Section 11.9(b); provided that such Participant agrees to be subject
to the provisions of Section 3.9 and Section 11.25 as if it were an assignee
under Section 11.9(b). To the extent permitted by Law, each Participant also
shall be entitled to the benefits of Section 11.10 as though it were a Bank;
provided that such Participant agrees to be subject to Section 11.11 as though
it were a Bank.

(d) Limitations upon Participant Rights. Unless the Borrower otherwise agrees in
writing, a Participant shall not be entitled to receive any greater payment
under Sections 3.4, 3.5 and 3.9(d) than the applicable Bank would have been
entitled to receive with respect to the participation sold to such Participant.
A Participant shall not be entitled to the benefits of Section 3.9(d) with
respect to United States withholding tax unless the Borrower is notified of the
participation sold to such Participant and such Participant agrees, for the
benefit of the Borrower, to comply with Section 11.25 as though it were a Bank.

(e) Participant Register. Each Bank that sells a participation, acting solely
for this purpose as a non-fiduciary agent of the Borrower (and such agency being
solely for tax

 

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purposes), shall maintain a register for the recordation of the name and address
of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in its rights and other obligations under this Agreement
(the “Participant Register”); provided that no Bank shall have any obligation to
disclose all or any portion of the Participation Register to any Person
(including the identity of any participant or any information relating to a
participant’s interest in any commitments, loans or its other obligations under
this Agreement) except to the extent that such disclosure is necessary to
establish that such commitment, loan or other obligation is in registered form
under Section 5f.103-1(c) of the United States Treasury Regulations. The entries
in the Participant Register shall be conclusive absent manifest error, and such
Bank shall treat each Person whose name is recorded in the Participant Register
as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary.

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

(g) The Register. The Administrative Agent, acting solely for this purpose as a
non-fiduciary agent of the Borrower, shall maintain at one of its offices in the
address referred to in Section 11.7 a copy of each Assignment Agreement
delivered to it and a register for the recordation of the names and addresses of
the Banks, and the Commitments of, and principal amounts (and stated interest)
of the Loans owing to, each Bank pursuant to the terms hereof from time to time
(the “Register”). The entries in the Register shall be conclusive absent
manifest error, and the Borrower, the Administrative Agent and the Banks shall
treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Bank hereunder for all purposes of this Agreement. The Register
shall be available for inspection by the Borrower and any Bank, at any
reasonable time and from time to time upon reasonable prior notice.

11.10 Setoff Rights. If an Event of Default has occurred and is continuing, the
Administrative Agent and each Bank and each of its Affiliates (but only with the
consent of the Majority Banks) is hereby authorized to the fullest extent
permitted by law to setoff and apply any funds in any deposit account maintained
with it by the Borrower and/or any Property of the Borrower in its possession
against the Obligations; provided, that in the event that any Defaulting Bank
shall exercise any such right of setoff, (a) all amounts so set off shall be
paid over immediately to the Administrative Agent for further application in
accordance with the provisions of Section 2.7 and, pending such payment, shall
be segregated by such Defaulting Bank from its other funds and deemed held in
trust for the benefit of the Administrative Agent and the Banks, and (b) the
Defaulting Bank shall provide promptly to the Administrative Agent a statement
describing in reasonable detail the Obligations owing to such Defaulting Bank as
to which it exercised such right of setoff.

11.11 Sharing of Setoffs. Each Bank severally agrees that if it, through the
exercise of any right of setoff, banker’s lien or counterclaim against the
Borrower, or otherwise, receives payment, through any means, of the Obligations
held by it that is in excess of that

 

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Bank’s proportionate share of the Total Outstandings as applied to such payment,
then: (a) the Bank exercising the right of setoff, banker’s lien or counterclaim
or otherwise receiving such payment shall purchase, and shall be deemed to have
simultaneously purchased, from the other Bank a participation in the Obligations
held by the other Bank and shall pay to the other Bank a purchase price in an
amount so that the share of the Obligations held by each Bank after the exercise
of the right of setoff, banker’s lien or counterclaim or receipt of payment
shall be in the same proportion that existed prior to the exercise of the right
of setoff, banker’s lien or counterclaim or receipt of payment; and (b) such
other adjustments and purchases of participations shall be made from time to
time as shall be equitable to ensure that all of the Banks share any payment
obtained in respect of the Obligations ratably in accordance with each Bank’s
share of the Obligations immediately prior to, and without taking into account,
the payment; provided that, if all or any portion of a disproportionate payment
obtained as a result of the exercise of the right of setoff, banker’s lien,
counterclaim or otherwise is thereafter recovered from the purchasing Bank by
the Borrower or any Person claiming through or succeeding to the rights of the
Borrower, the purchase of a participation shall be rescinded and the purchase
price thereof shall be restored to the extent of the recovery, but without
interest. Each Bank that purchases a participation in the Obligations pursuant
to this Section 11.11 shall from and after the purchase have the right to give
all notices, requests, demands, directions and other communications under this
Agreement with respect to the portion of the Obligations purchased to the same
extent as though the purchasing Bank were the original owner of the Obligations
purchased. The Borrower expressly consents to the foregoing arrangements and
agrees that any Bank holding a participation in an Obligation so purchased may
exercise any and all rights of setoff, banker’s lien or counterclaim with
respect to the participation as fully as if the Bank were the original owner of
the Obligation purchased; provided, however, that each Bank agrees that it shall
not exercise any right of setoff, banker’s lien or counterclaim without first
obtaining the consent of the Majority Banks.

11.12 Indemnity by the Borrower. The Borrower agrees to indemnify, save and hold
harmless each Arranger, the Administrative Agent, the Syndication Agents, the
Documentation Agents and each Bank and their respective Related Parties
(collectively the “Indemnitees”) from and against: (a) any and all claims,
demands, actions or causes of action asserted by any third party or by the
Borrower if the claim, demand, action or cause of action arises out of or
relates to the Commitment, the use or contemplated use of proceeds of any
Advance, any transaction contemplated by this Agreement, or any relationship or
relationship alleged to exist by the Borrower, its Affiliates or any other third
party of any Indemnitee to the Borrower related to this Agreement; (b) any
administrative or investigative proceeding by any Governmental Agency arising
out of or related to a claim, demand, action or cause of action described in
clause (a) of this Section 11.12; and (c) any and all liabilities, losses, costs
or expenses (including reasonable attorneys’ fees and disbursements and other
professional services) that any Indemnitee suffers or incurs as a result of the
assertion of any foregoing claim, demand, action or cause of action; provided
that no Indemnitee shall be entitled to indemnification for any loss caused by
its own gross negligence or willful misconduct as determined by final,
nonappealable judgment of a court of competent jurisdiction. If any claim,
demand, action or cause of action is asserted against any Indemnitee, such
Indemnitee shall promptly notify the Borrower, but the failure to so promptly
notify the Borrower shall not affect the Borrower’s obligations under this
Section 11.12 unless such failure materially prejudices the Borrower’s right to
participate in the contest of such claim, demand, action or cause of action, as

 

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hereinafter provided. If requested by the Borrower in writing, such Indemnitee
shall in good faith contest the validity, applicability and amount of such
claim, demand, action or cause of action and shall permit the Borrower to
participate in such contest. Any Indemnitee that proposes to settle or
compromise any claim or proceeding for which the Borrower may be liable for
payment of indemnity hereunder shall give the Borrower written notice of the
terms of such proposed settlement or compromise reasonably in advance of
settling or compromising such claim or proceeding and shall obtain the
Borrower’s prior written consent. In connection with any claim, demand, action
or cause of action covered by this Section 11.12 against more than one
Indemnitee, all such Indemnitees shall be represented by the same legal counsel
selected by the Indemnitees and reasonably acceptable to the Borrower; provided
that, if such legal counsel determines in good faith that representing all such
Indemnitees would or could result in a conflict of interest under Laws or
ethical principles applicable to such legal counsel or that a defense or
counterclaim is available to an Indemnitee that is not available to all such
Indemnitees, then to the extent reasonably necessary to avoid such a conflict of
interest or to permit unqualified assertion of such a defense or counterclaim,
each Indemnitee shall be entitled to separate representation by legal counsel
selected by that Indemnitee and reasonably acceptable to the Borrower, with all
such legal counsel using reasonable efforts to avoid unnecessary duplication of
effort by counsel for all Indemnitees; provided further that the amount of the
legal fees to be reimbursed by the Borrower shall be limited to an amount
reasonably determined following consultation among the Borrower, the
Administrative Agent, the Banks and their respective legal counsel, to be equal
to the amount that would have been expended if the Indemnitees have been
represented by one counsel. Any obligation or liability of the Borrower to any
Indemnitee under this Section 11.12 shall survive the expiration or termination
of this Agreement and the repayment of all Advances and the payment and
performance of all other Obligations owed to the Banks. In the case of an
investigation, litigation or other proceeding to which the indemnity in this
Section 11.12 applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by the Borrower, its
directors, equityholders or creditors or an Indemnitee or any other Person,
whether or not any Indemnitee is otherwise a party thereto and whether or not
the transactions contemplated hereby are consummated. This Section 11.12 shall
not apply to the extent that the losses, claims, demands, actions, causes of
action, damages, liabilities or expenses relate to any Taxes (including
withholding Taxes and Other Taxes) for which there may be an indemnification,
reimbursement or other payment obligation imposed on the Borrower pursuant to
any other provision of this Agreement (including, without limitation,
Section 3.9). No party hereto or any Indemnitee shall be liable for any damages
arising from the use by unintended recipients of any information or other
materials distributed by it through telecommunications, electronic or other
information transmission systems in connection with this Agreement or the other
Loan Documents or the transactions contemplated hereby or thereby.

11.13 No Third Parties Benefited. This Agreement is made for the purpose of
defining and setting forth certain obligations, rights and duties of the
Borrower, the Administrative Agent and the Banks in connection with the Loans
and Advances, and is made for the sole benefit of the Borrower, the
Administrative Agent and the Banks, and the Administrative Agent’s and the
Banks’ successors and assigns. Except as provided in Sections 11.9, 11.11 and
11.12, no other Person shall have any rights of any nature hereunder or by
reason hereof.

 

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11.14 Confidentiality. Each of the Administrative Agent and each Bank agrees to
hold any confidential information that it may receive from the Borrower pursuant
to this Agreement in confidence: except for disclosure: (a) to other Banks;
(b) to legal counsel, accountants and other professional advisors to the
Borrower or the Administrative Agent or any Bank or agents involved in
administration of this Agreement; (c) to regulatory officials having
jurisdiction over the Administrative Agent or a Bank or its Affiliates; (d) as
required by Law or legal process or in connection with any legal proceeding to
which the Administrative Agent or a Bank and that Borrower are adverse parties;
(e) to Affiliates of the Administrative Agent by the Administrative Agent,
(f) to Affiliates of a Bank or to another financial institution, in each case,
in connection with a disposition or proposed disposition to that financial
institution of all or part of that Bank’s interests hereunder or a participation
interest in its Loans; (g)(i) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights and obligations
under this Agreement, (ii) to any direct, indirect, actual or prospective
counterparty (and its advisor) to any swap, derivative or securitization
transaction related to the obligations under this Agreement or (iii) or to any
credit insurance provider relating to the Borrower and its Obligations, provided
that such disclosure in Section 11.14(g) is made subject to an appropriate
confidentiality agreement on terms substantially similar to this Section 11.14;
(h) in connection with the exercise of any remedies hereunder or any other Loan
Document or the enforcement of rights hereunder or thereunder; or (i) with the
consent of the Borrower. For purposes of the foregoing, “confidential
information” shall mean any information respecting the Borrower or its
Subsidiaries reasonably considered by the Borrower to be confidential, other
than (i) information previously filed with or furnished to any Governmental
Agency and available to the public, (ii) information previously published in any
public medium from a source other than, directly or indirectly, that Bank, and
(iii) information previously disclosed by the Borrower to any Person not
associated with that Borrower without a written confidentiality agreement
substantially similar to this Section 11.14. Nothing in this Section 11.14 shall
be construed to create or give rise to any fiduciary duty on the part of the
Administrative Agent or the Banks to the Borrower.

11.15 Further Assurances. The Borrower and its Subsidiaries shall, at their
expense and without expense to the Banks or the Administrative Agent, do,
execute and deliver such further acts and documents as any Bank or the
Administrative Agent from time to time reasonably requires for the assuring and
confirming unto the Banks or the Administrative Agent of the rights hereby
created or intended now or hereafter so to be, or for carrying out the intention
or facilitating the performance of the terms of any Loan Document.

11.16 No Fiduciary Duties. The Borrower agrees that in connection with all
aspects of the transactions contemplated hereby and any communications in
connection therewith, the Borrower and its Subsidiaries, on the one hand, and
the Administrative Agent, the Banks and their respective Affiliates, on the
other hand, will have a business relationship that does not create, by
implication or otherwise, any fiduciary duty on the part of the Administrative
Agent, the Banks or their respective Affiliates and no such duty will be deemed
to have arisen in connection with any such transactions or communications.

11.17 Integration. This Agreement, together with the other Loan Documents,
comprises the complete and integrated agreement of the parties on the subject
matter hereof and supersedes all prior agreements, written or oral, on the
subject matter hereof. In the event of any conflict between the provisions of
this Agreement and those of any other Loan Document, the

 

67

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provisions of this Agreement shall control and govern; provided that the
inclusion of supplemental rights or remedies in favor of the Administrative
Agent or the Banks in any other Loan Document shall not be deemed a conflict
with this Agreement. Each Loan Document was drafted with the joint participation
of the respective parties thereto and shall be construed neither against nor in
favor of any party, but rather in accordance with the fair meaning thereof.

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

11.19 Independent Covenants. Each covenant in Articles 5, 6 and 7 is independent
of the other covenants in those Articles; the breach of any such covenant shall
not be excused by the fact that the circumstances underlying such breach would
be permitted by another such covenant.

11.20 Headings. Article and Section headings in this Agreement and the other
Loan Documents are included for convenience of reference only and are not part
of this Agreement or the other Loan Documents for any other purpose.

11.21 Time of the Essence. Time is of the essence of the Loan Documents.

11.22 Applicable Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION
5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK) WITHOUT REGARD
TO CONFLICTS OF LAWS PRINCIPLES.

11.23 Consent to Jurisdiction and Service of Process. Each of the parties hereto
hereby irrevocably and unconditionally agrees that it will not commence any
action, litigation or proceeding of any kind or description, whether in law or
equity, whether in contract or in tort or otherwise, against the Borrower, the
Administrative Agent, any Bank or any Related Party of the foregoing in any way
relating to this Agreement or any other Loan Document or the transactions
relating hereto, in any forum other than the courts of the State of New York
sitting in New York County and of the United States District Court of the
Southern District of New York, and any appellate court from any thereof, and
each of the parties hereto irrevocably and unconditionally submits to the
exclusive jurisdiction of such courts and agrees that all claims in respect of
any such action, litigation or proceeding may be heard and determined in such
New York State or, to the fullest extent permitted by applicable Law, in such
federal court. Notwithstanding the foregoing sentence, each of the parties
hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or
in any other manner provided by Law.

 

68

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(b) By executing and delivering this Agreement, each party hereto, for itself
and in connection with its properties, irrevocably:

(i) accepts generally and unconditionally the exclusive jurisdiction and venue
of the courts of the State of New York sitting in New York County and of the
United States District Court of the Southern District of New York, and any
appellate court from any thereof;

(ii) waives any defense of forum non conveniens;

(iii) agrees that service of all process in any such proceeding in any such
court may be made by registered or certified mail, return receipt requested, to
such party at its address as provided in accordance with Section 11.7 (provided
that, with respect to the Borrower, service of process may be made to the
Borrower at its address provided in accordance with Section 11.7) or on the
signature pages hereto;

(iv) agrees that service as provided in clause (iii) of this Section 11.23(b) is
sufficient to confer personal jurisdiction over such party in any such
proceeding in any such court, and otherwise constitutes effective and binding
service in every respect;

(v) agrees that each party hereto retains the right to serve process in any
other manner permitted by law; and

(vi) agrees that the provisions of this Section 11.23 relating to jurisdiction
and venue shall be binding and enforceable to the fullest extent permissible
under New York General Obligations Law section 5-1402 or otherwise.

11.24 Waiver of Jury Trial. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY AGREES
TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS
OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN
TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. The
scope of this waiver is intended to be all-encompassing of any and all disputes
that may be filed in any court and that relate to the subject matter of this
transaction, including contract claims, tort claims, breach of duty claims and
all other common law and statutory claims. Each party hereto acknowledges that
this waiver is a material inducement to enter into a business relationship, that
each has already relied on this waiver in entering into this Agreement, and that
each will continue to rely on this waiver in their related future dealings. Each
party hereto further warrants and represents that it has reviewed this waiver
with its legal counsel and that it knowingly and voluntarily waives its jury
trial rights following consultation with legal counsel. THIS WAIVER IS
IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING
(OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION
11.24 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY
TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS
AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR TO ANY OTHER DOCUMENTS OR
AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. In the event of litigation,
this Agreement may be filed as a written consent to a trial by the court.

 

69

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11.25 Tax Forms.

(a) (i) Each Bank that is not a “United States person” within the meaning of
Section 7701(a)(30) of the Code (a “Foreign Bank”) shall deliver to the
Administrative Agent, prior to receipt of any payment subject to withholding
under the Code (or upon accepting an assignment of an interest herein), two duly
signed completed copies of either IRS Form W-8BEN or any successor thereto
(relating to such Foreign Bank and entitling it to an exemption from, or
reduction of, withholding tax on all payments to be made to such Foreign Bank by
the Borrower or the Administrative Agent, as applicable, pursuant to this
Agreement) or IRS Form W-8ECI or any successor thereto (relating to all payments
to be made to such Foreign Bank by the Borrower or the Administrative Agent, as
applicable, pursuant to this Agreement) or such other evidence satisfactory to
the Borrower and the Administrative Agent that such Foreign Bank is entitled to
an exemption from, or reduction of, United States withholding tax, including any
exemption pursuant to Section 881(c) of the Code. Thereafter and from time to
time, each such Foreign Bank shall (A) promptly submit to the Administrative
Agent such additional duly completed and signed copies of one of such forms (or
such successor forms as shall be adopted from time to time by the relevant
United States taxing authorities) as may then be available under then current
United States laws and regulations to avoid, or such evidence as is satisfactory
to the Borrower and the Administrative Agent of any available exemption from or
reduction of, United States withholding taxes in respect of all payments to be
made to such Foreign Bank by the Borrower or the Administrative Agent, as
applicable, pursuant to this Agreement, (B) promptly notify the Administrative
Agent of any change in circumstances which would modify or render invalid any
claimed exemption or reduction, and (C) take such steps as shall not be
materially disadvantageous to it, in the reasonable judgment of such Bank, and
as may be reasonably necessary (including the re-designation of its lending
office) to avoid any requirement of applicable Laws that the Borrower or the
Administrative Agent, as applicable, make any deduction or withholding for taxes
from amounts payable to such Foreign Bank.

(ii) Each Foreign Bank, to the extent it does not act or ceases to act for its
own account with respect to any portion of any sums paid or payable to such Bank
under any of the Loan Documents (for example, in the case of a typical
participation by such Bank), shall deliver to the Administrative Agent on the
date when such Foreign Bank ceases to act for its own account with respect to
any portion of any such sums paid or payable, and at such other times as may be
necessary in the determination of the Administrative Agent (in the reasonable
exercise of its discretion), (A) two duly signed completed copies of the forms
or statements required to be provided by such Bank as set forth above, to
establish the portion of any such sums paid or payable with respect to which
such Bank acts for its own account that is not subject to U.S. withholding tax,
and (B) two duly signed completed copies of IRS Form W-8IMY (or any successor
thereto), together with any information such Bank chooses to transmit with such
form, and any other certificate or statement of exemption required under the
Code, to establish that such Bank is not acting for its own account with respect
to a portion of any such sums payable to such Bank.

(iii) Upon the request of the Borrower, the Administrative Agent shall provide
the Borrower copies of the tax forms provided by each Foreign Bank pursuant to
this Section 11.25(a).

 

70

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(b) Upon the request of the Administrative Agent or the Borrower, each Bank that
is a “United States person” within the meaning of Section 7701(a)(30) of the
Code shall deliver to the Administrative Agent two duly signed completed copies
of IRS Form W-9. If such Bank fails to deliver such forms, then the
Administrative Agent or the Borrower, as applicable, may withhold from any
interest payment to such Bank an amount equivalent to the applicable back-up
withholding tax imposed by the Code. Upon the request of the Borrower, the
Administrative Agent shall provide the Borrower copies of the tax forms provided
by each such Bank pursuant to this Section 11.25(b).

(c) If a payment made to a Bank under any Loan Document would be subject to
United States federal withholding tax imposed by FATCA if such Bank were to fail
to comply with the applicable reporting requirements of FATCA (including those
contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Bank
shall deliver to the Administrative Agent for transmission to the Borrower, at
the time or times prescribed by Law and at such time or times reasonably
requested in writing by the Administrative Agent or the Borrower, such
documentation prescribed by applicable Law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation
reasonably requested in writing by the Administrative Agent or the Borrower as
may be necessary for the Administrative Agent or the Borrower, as applicable, to
comply with its obligations under FATCA, to determine that such Bank has
complied with such Bank’s obligations under FATCA or to determine the amount to
deduct and withhold from such payment. For purposes of this clause (c), FATCA
shall include amendments made to FATCA after the date of this Agreement.

(d) Each Bank agrees that if any form or certification it previously delivered
becomes inaccurate in any respect, it shall update such form or certification or
promptly notify the Borrower and the Administrative Agent in writing of its
legal inability to do so. In addition, each Bank agrees that if any form or
certification it previously delivered expires or becomes obsolete, upon written
request by the Borrower or the Administrative Agent, the Bank shall update such
form or certification or promptly notify the Borrower and the Administrative
Agent in writing of its legal inability to do so.

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

11.27 Patriot Act Notice. Each Bank and the Administrative Agent (for itself and
not on behalf of any Bank) hereby notifies the Borrower that pursuant to the
requirements of the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56,
signed into law October 26, 2001 (the “Patriot 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 Bank or the Administrative Agent, as applicable, to identify the
Borrower in accordance with the Patriot Act. The Borrower shall provide such
information and

 

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take such actions as are reasonably requested by the Administrative Agent or any
Banks in order to assist the Administrative Agent and the Banks in maintaining
compliance with the Patriot Act.

11.28 Agreement by Commitment Parties. By signing this Agreement, MLPFS,
JPMorgan, Bank of America, JPMCB and Barclays (each, a “Commitment Party” and
collectively, the “Commitment Parties”) each, severally and not jointly,
confirms its agreement with the Borrower that clause (i)(d) of the last
paragraph of that certain Commitment Letter dated as of August 24, 2013 among
the Commitment Parties, the Borrower and the other parties signatory thereto, is
amended and restated in its entirety to read “(d) solely in the case of the
commitments with respect to the Bridge B Facility, the execution of the
definitive documentation for the Term Loan Facility and”. This Section 11.28
shall be for the sole benefit of the Commitment Parties and the Borrower and no
other Person shall have any rights or obligations under this Section 11.28.

[Signature Pages Begin On Following Page]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first above written.

 

THE BORROWER: AMGEN INC. By:   /s/ Jonathan M. Peacock Name:   Jonathan M.
Peacock Title:   Executive Vice President and Chief Financial Officer

 

Address:

Amgen Inc.

One Amgen Center Drive

Thousand Oaks, California 91320-1799

Attn: Treasurer

cc: Secretary

Facsimile: (805) 499-XXXX

Telephone: (805) 447-1000

 

S-73

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THE ADMINISTRATIVE AGENT: BANK OF AMERICA, N.A. By:   /s/ Anthea Del Bianco
Name:   Anthea Del Bianco Title:   Vice President

 

S-74

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THE BANKS: BANK OF AMERICA, N.A. By:   /s/ Zubin R. Shroff Name:   Zubin R.
Shroff Title:   Director

 

Address:

100 N. Tryon Street, NC1-007-17-11

Charlotte NC, 28255

Attn: Zubin R. Shroff

Facsimile: 704-804-XXXX

Telephone: 980-387-XXXX

 

S-75

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BARCLAYS BANK PLC By:   /s/ Ritam Bhalla Name:   Ritam Bhalla Title:   Director

 

S-76

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JPMORGAN CHASE BANK, N.A. By:   /s/ Tony Yung Name:   Tony Yung Title:  
Executive Director

 

S-77

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

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. By:   /s/ Jaime Sussman Name:   Jaime
Sussman Title:   VP

 

S-78

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

MIZUHO BANK, LTD. By:   /s/ Bertram H. Tang Name:   Bertram H. Tang Title:  
Authorized Signatory

 

S-79

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

CITIBANK, N.A. By:   /s/ Maureen P. Maroney Name:   Maureen P. Maroney Title:  
Vice President

 

S-80

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

HSBC Bank USA, National Association By:   /s/ Eric Seltenrich Name:   Eric
Seltenrich Title:   Senior Vice President

 

S-81

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

Royal Bank of Canada By:   /s/ Scott MacVicar Name:   Scott MacVicar Title:  
Authorized Signatory

 

S-82

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

Sumitomo Mitsui Banking Corporation By:   /s/ David W. Kee Name:   David W. Kee
Title:   Managing Director

 

S-83

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

Goldman Sachs Bank USA By:   /s/ Nicole Ferry-Lacchia Name:   Nicole
Ferry-Lacchia Title:   Authorized Signatory

 

S-84

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

MORGAN STANLEY BANK, N.A. By:   /s/ Kelly Chin Name:   Kelly Chin Title:  
Authorized Signatory

 

S-85

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BNP Paribas By:   /s/ RENAUD-FRANCK FALCE Name:   RENAUD-FRANCK FALCE Title:  
Managing Director By:   /s/ Nicole Mitchell Name:   Nicole Mitchell Title:  
Vice President

 

S-86

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Bank of the West By:   /s/ David G. Kronen Name:   David G. Kronen Title:  
Senior Vice President & Manager

 

S-87

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

FIRST HAWAIIAN BANK By:   /s/ Dawn Hofmann Name:   Dawn Hofmann Title:   Senior
Vice President

 

S-88

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

The Royal Bank of Scotland plc By:   /s/ William McGinty Name:   William McGinty
Title:   Director

 

S-89

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH By:   /s/ MIKHAIL FAYBUSOVICH Name:  
MIKHAIL FAYBUSOVICH Title:   AUTHORIZED SIGNATORY By:   /s/ Jean-Marc Vauclair
Name:   Jean-Marc Vauclair Title:   Authorized Signatory

 

S-90

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TD Bank, N.A. By:   /s/ Steve Levi Name:   Steve Levi Title:   Senior Vice
President

 

S-91

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DNB CAPITAL LLC By:   /s/ Thomas Tangen Name:   Thomas Tangen Title:   Senior
Vice President By:   /s/ Bjorn Erik Hammerstad Name:   Bjorn Erik Hammerstad
Title:   Senior Vice President

 

S-92

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Deutsche Bank AG New York Branch By:   /s/ Ming K Chu Name:   Ming K Chu Title:
  Vice President By:   /s/ Virginia Cosenza Name:   Virginia Cosenza Title:  
Vice President

 

S-93

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WELLS FARGO BANK, NATIONAL ASSOCIATION By:   /s/ Andrea S Chen Name:   Andrea S
Chen Title:   Director

 

S-94

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Intesa Sanpaolo S.p.A. By:   /s/ John J. Michalisin Name:   John J. Michalisin
Title:   First Vice President By:   /s/ Francesco Di Mario Name:   Francesco Di
Mario Title:   F.V.P. & Head of Credit

 

S-95

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The Northern Trust Company By:   /s/ Brandon Rolek Name:   Brandon Rolek Title:
  Senior Vice President

 

S-96

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

U.S. Bank National Association By:   /s/ David C. Mruk Name:   David C. Mruk
Title:   Vice President

 

S-97

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

Agricultural Bank of China, Ltd., New York Branch By:   /s/ Jijun Zhang Name:  
Jijun Zhang Title:   Deputy General Manager

 

S-98

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

DBS Bank Ltd., Los Angeles Agency By:   /s/ James McWalters Name:   James
McWalters Title:   General Manager

 

S-99

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

Bayerische Landesbank, New York Branch By:   /s/ ROLF SIEBERT Name:   ROLF
SIEBERT Title:   Senior Vice President By:   /s/ Matthew DeCarlo Name:   Matthew
DeCarlo Title:   First Vice President

 

S-100

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THE BANK OF NEW YORK MELLON By:   /s/ Clifford A. Mull Name:   Clifford A. Mull
Title:   First Vice President

 

S-101

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

State Street Bank and Trust Company By:   /s/ Mary H. Carey Name:   Mary H.
Carey Title:   Vice President

 

S-102

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SCHEDULE 2.1

COMMITMENTS AND PRO RATA SHARES

 

Bank

  
Commitment      Pro Rata
Share  

Bank of America, N.A.

   $ 340,000,000         6.8 % 

Barclays Bank PLC

   $ 315,000,000         6.3 % 

JPMorgan Chase Bank, N.A.

   $ 315,000,000         6.3 % 

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

   $ 365,000,000         7.3 % 

Mizuho Bank, Ltd.

   $ 365,000,000         7.3 % 

Citibank, N.A.

   $ 315,000,000         6.3 % 

HSBC Bank USA, National Association

   $ 315,000,000         6.3 % 

Royal Bank of Canada

   $ 315,000,000         6.3 % 

Sumitomo Mitsui Banking Corporation

   $ 315,000,000         6.3 % 

Goldman Sachs Bank USA

   $ 290,000,000         5.8 % 

Morgan Stanley Bank, N.A.

   $ 290,000,000         5.8 % 

BNP Paribas

   $ 80,000,000         1.6 % 

Bank of the West

   $ 50,000,000         1 % 

First Hawaiian Bank

   $ 25,000,000         0.5 % 

The Royal Bank of Scotland plc

   $ 155,000,000         3.1 % 

Credit Suisse AG, Cayman Islands Branch

   $ 155,000,000         3.1 % 

TD Bank, N.A.

   $ 155,000,000         3.1 % 

DNB Capital LLC

   $ 155,000,000         3.1 % 

Deutsche Bank AG New York Branch

   $ 155,000,000         3.1 % 

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

Wells Fargo Bank, National Association

   $ 92,500,000         1.85 % 

Intesa Sanpaolo S.p.A.

   $ 92,500,000         1.85 % 

The Northern Trust Company

   $ 75,000,000         1.5 % 

U.S. Bank National Association

   $ 60,000,000         1.2 % 

Agricultural Bank of China, Ltd., New York Branch

   $ 60,000,000         1.2 % 

DBS Bank Ltd., Los Angeles Agency

   $ 50,000,000         1.0 % 

Bayerische Landesbank, New York Branch

   $ 50,000,000         1.0 % 

Bank of New York Mellon

   $ 25,000,000         0.5 % 

State Street Bank and Trust Company

   $ 25,000,000         0.5 % 

Total

   $ 5,000,000,000         100 % 

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

SCHEDULE 4.4

DISCLOSURE OF SUBSIDIARIES

 

Name

  

Type of Entity

   Percentage of Ownership

Immunex Corporation

   corporation        100 %

Amgen Manufacturing, Limited

   corporation        100 %

Amgen USA Inc.

   corporation        100 %

ATL Holdings Limited

   corporation        100 %

Onyx Pharmaceuticals, Inc.

   corporation        100 %*

 

* Onyx Pharmaceuticals, Inc. will become a wholly-owned Subsidiary of the
Borrower on the Closing Date after giving effect to the Acquisition.

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

SCHEDULE 4.8

LITIGATION

None.

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

SCHEDULE 4.11(c)

ERISA

 

1. Amgen Inc. Retiree Medical Savings Account Plan.

 

2. Amgen Inc. Retiree Health Access Plan.

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

SCHEDULE 4.15

ENVIRONMENTAL

None.

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

SCHEDULE 6.3

LIENS

None.

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

SCHEDULE 11.7

NOTICES

THE BORROWER

Amgen Inc.

One Amgen Center Drive

Thousand Oaks, California 91320-1799

Facsimile: (805) 499-xxxx

Telephone: (805) 447-1000

Website: www.amgen.com

THE ADMINISTRATIVE AGENT:

Administrative Agent’s Office

(for payments and Requests for Credit Extensions):

Bank of America, N.A.

101 North Tryon Street

NC1-001-05-46

Charlotte, NC 28255

Telephone: 980-387-xxxx

Facsimile #: 704-409-xxxx

Email: xxxxx.xxxxxx@baml.com 

USD PAYMENT INSTRUCTIONS:

Bank of America

New York NY

ABA xxxxxxxxx

Acct # xxxxxxxxxxxxx

Acct Name: Corporate Credit Services

Ref: AMGEN INC

Other Notices as Administrative Agent:

Bank of America, N.A.

Agency Management

1455 Market St.

Mail Code: CA5-701-05-19

San Francisco, CA 94103

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

Attention: Anthea Del Bianco

Telephone: 415-436-xxxx

FAX: 415-503-xxxx

Electronic Mail: xxxxxxxxxxxxxxxxx@baml.com

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

EXHIBIT A

[FORM OF NOTE]

NOTE

 

$_________                           [DATE]   Thousand Oaks, California

FOR VALUE RECEIVED, the undersigned promises to pay to the order of
_____________________________________ (the “Bank”), the principal amount of
______________ Dollars ($_________), or such lesser aggregate amount of Advances
as may be made pursuant to the Bank’s Pro Rata Share of the Commitment under the
Credit Agreement hereinafter described, payable as hereinafter set forth. The
undersigned promises to pay interest on the principal amount of each Advance
made hereunder and remaining unpaid from time to time from the date of each such
Advance until the date of payment in full, payable as hereinafter set forth.

Reference is made to the Term Loan Facility Credit Agreement dated as of
September 20, 2013 (as amended from time to time, the “Credit Agreement”) among
Amgen Inc., the Banks from time to time party thereto, Bank of America, N.A., as
Administrative Agent and the arrangers and other agents party thereto. Terms
defined in the Credit Agreement and not otherwise defined herein are used herein
with the meanings defined for those terms in the Credit Agreement. This is one
of the Notes (“Note”) referred to in the Credit Agreement, and any holder hereof
is entitled to all of the rights, remedies, benefits and privileges provided for
in the Credit Agreement as originally executed or as it may from time to time be
supplemented, modified, amended, renewed, extended or supplanted. The Credit
Agreement, among other things, contains provisions for acceleration of the
maturity hereof upon the happening of certain stated events upon the terms and
conditions therein specified.

The principal indebtedness evidenced by this Note shall be payable as provided
in the Credit Agreement and in any event on the Maturity Date applicable to the
Bank.

Interest shall be payable on the outstanding daily unpaid principal amount of
each Advance hereunder from the date thereof until payment in full and shall
accrue and be payable at the rates and on the dates set forth in the Credit
Agreement both before and after default, before and after maturity and judgment,
and before and after the commencement of any proceeding under any Debtor Relief
Law with interest on overdue interest to bear interest at the rate set forth in
Section 3.6 of the Credit Agreement, to the extent permitted by applicable Laws.

The undersigned shall have the right to prepay any amounts outstanding under
this Note in accordance with Section 3.1(e) of the Credit Agreement.

 

A-1

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The amount of each payment hereunder with respect to Advances shall be made to
the Administrative Agent at the Administrative Agent’s Office, for the account
of the Bank, in lawful money of the United States of America and in immediately
available funds not later than 2:00 p.m., New York City time, on the day of
payment (which must be a Business Day).

This Note is a registered obligation, transferrable only upon notation in the
Register, and no assignment hereof shall be effective until recorded therein. A
record of Advances made by and payments received by Bank with respect to this
Note shall be maintained by the Administrative Agent in the Register pursuant to
and in accordance with Section 11.9(g) of the Credit Agreement.

As set forth in Section 11.3 of the Credit Agreement, the undersigned hereby
promises to pay the reasonable out-of-pocket costs and expenses of any holder
hereof incurred in collecting the undersigned’s obligations hereunder or in
enforcing any holder’s rights hereunder, including attorneys’ fees and
disbursements.

The undersigned hereby waives presentation, demand for payment, dishonor, notice
of dishonor, protest, notice of protest and any other notice of formality, to
the fullest extent permitted by applicable Laws.

THIS NOTE SHALL BE DEEMED DELIVERED TO AND ACCEPTED BY THE ADMINISTRATIVE AGENT
ON BEHALF OF THE BANK IN THE STATE OF NEW YORK, AND SHALL BE GOVERNED BY, AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE.

 

AMGEN INC. By     Its    

 

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ADVANCES AND PAYMENTS OF PRINCIPAL

UNDER COMMITMENT

 

Date

  

Type of

Loan Made

This Date

   Amount
of
Advance    Amount
of
Principal
Paid    Unpaid
Principal
Balance    Principal
Balance    Notation
Made By

 

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EXHIBIT B

[FORM OF COMPLIANCE CERTIFICATE]

COMPLIANCE CERTIFICATE

1. This Compliance Certificate (“Compliance Certificate”) is executed and
delivered by AMGEN INC., a Delaware corporation (the “Company”), to BANK OF
AMERICA, N.A. (the “Administrative Agent”) pursuant to Section 7.2 of the Term
Loan Facility Credit Agreement dated as of September 20, 2013, among the
Company, the Banks from time to time party thereto, Bank of America, N.A., as
Administrative Agent and the arrangers and other agents party thereto (as
amended from time to time, the “Credit Agreement”). Any terms used herein and
not defined herein shall have the meanings defined in the Credit Agreement. This
Compliance Certificate covers the Company’s:

[Fiscal Quarter ended ________________, ____]

[Fiscal Year ended December 31, _____]

2. The following paragraphs set forth calculations showing whether the Company
is in compliance with its obligations pursuant to Sections 6.3, 6.5, and 6.6 of
the Credit Agreement, as of the end of the fiscal period set forth in paragraph
1 hereof. Each calculation set forth below identified as “Actual” is derived
from the books and records of the Company in accordance with the relevant
definitions of financial terms set forth in Section 1.1 of the Credit Agreement,
and correctly reflects whether the Company is in compliance with the obligations
contained in the applicable Sections of the Credit Agreement parenthetically
noted, which obligations are set forth below identified under the column marked
“Required/Permitted”.

 

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I. Liens (Section 6.3(e)) and Subsidiary Indebtedness (Section 6.5):

 

 

(a)    Indebtedness of the Company and its Subsidiaries secured by Liens subject
to Section 6.3(e) of the Credit Agreement

  $___________     

(b)    Indebtedness of the Company’s Subsidiaries (other than under the
Revolving Credit Facility Credit Agreement and without duplication of amounts
included in item 1(a) above)

  $___________     

(c)    Consolidated Net Worth

  $___________     

(a) + (b)

    (c)

 

___________

   Not greater than 35%

In compliance ___ (Y or N)

 

II. Consolidated Capitalization (Section 6.6):

 

 

(a)    Consolidated Total Debt

  $___________     

(b)    Consolidated Capitalization

  $___________     

  (a)  

  (b)

  ___________    Not greater than 0.65 to 1.00

In compliance ___ (Y or N)

3. To the best knowledge of the undersigned, during the fiscal period covered by
this Compliance Certificate, no Default has occurred and is continuing, with the
exceptions set forth below in response to which the Company has taken or
proposes to take the following actions (if none, so state):

 

  

 

 

  

 

 

  

 

 

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4. This Compliance Certificate is executed on ______________________, ____, by a
Senior Officer of the Company. The undersigned hereby certifies that each and
every matter contained herein is derived from the Company’s books and records
and is, to the best knowledge of the undersigned, true and correct.

 

AMGEN INC. By     Its    

 

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EXHIBIT C

[FORM OF REQUEST FOR LOAN]

REQUEST FOR LOAN

1. This Request for Loan is by Amgen Inc. (the “Borrower”) to Bank of America,
N.A. (the “Administrative Agent”) pursuant to that certain Term Loan Facility
Credit Agreement dated as of September 20, 2013 (as it may be amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”)
among the Borrower, the Banks from time to time party thereto, the
Administrative Agent, and the arrangers and other agents party thereto.
Capitalized terms used herein and not defined herein shall have the meanings
defined in the Credit Agreement.

2. The Borrower hereby requests a Loan for the account of the Borrower pursuant
to the Credit Agreement as follows:

(a) DATE OF LOAN:     ______________

(b) PRE-FUNDING DATE (if applicable):     ______________

(c) ANTICIPATED CLOSING DATE (if applicable):     _____________

(d) TYPE OF LOAN (Check one box only):

 

  •   BASE RATE ADVANCE

 

  •   EURODOLLAR RATE ADVANCE WITH A ___-MONTH INTEREST PERIOD

(e) AMOUNT OF REQUESTED LOAN:     [$] _______

(f) INTEREST PERIOD OF LOAN ENDS:     ________

3. [In connection with the request pursuant to Section 2 above, Borrower
certifies that as of the date of the requested Loan, no Event of Default under
Sections 9.1(a), (b) or (i) has occurred and is continuing.]1

4. This Request for Loan is executed on _________________, ____ by a Senior
Officer of the Borrower on behalf of the Borrower. The undersigned, in such
capacity, hereby certifies each and every matter contained herein to be true and
correct except as previously disclosed by the Borrower in writing to the Banks
and waived by the Majority Banks or all Banks, as applicable.

 

 

1  Include bracketed text solely for secondary borrowing, if any, pursuant to
Section 8.3 of the Credit Agreement.

 

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AMGEN INC. By     Its    

 

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EXHIBIT D

[FORM OF ASSIGNMENT AGREEMENT]

ASSIGNMENT AGREEMENT

This Assignment Agreement (the “Assignment Agreement”) is dated as of the
Effective Date set forth below and is entered into by and between [the][each]11
Assignor identified in item 1 below ([the][each, an] “Assignor”) and
[the][each]12 Assignee identified in item 2 below ([the][each, an] “Assignee”).
[It is understood and agreed that the rights and obligations of [the
Assignors][the Assignees]13 hereunder are several and not joint.]14 Capitalized
terms used but not defined herein shall have the meanings given to them in the
Term Loan Facility Credit Agreement identified below (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), receipt of a
copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms
and Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment Agreement as
if set forth herein in full.

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and
assigns to [the Assignee][the respective Assignees], and [the][each] Assignee
hereby irrevocably purchases and assumes from [the Assignor][the respective
Assignors], subject to and in accordance with the Standard Terms and Conditions
and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of [the Assignor’s][the
respective Assignors’] rights and obligations in [its capacity as a Bank][their
respective capacities as Banks] under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the
amount and percentage interest identified below of all of such outstanding
rights and obligations of [the Assignor][the respective Assignors] under the
respective facilities identified below, and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other
right of [the Assignor (in its capacity as a Bank)][the respective Assignors (in
their respective capacities as Banks)] against any Person, whether known or
unknown, arising under or in connection with the Credit Agreement, any other
documents or instruments delivered pursuant thereto or the loan transactions
governed thereby or in any way based on or related to any of the foregoing,
including, but not limited to, contract claims, tort claims, malpractice claims,
statutory claims and all other claims at law or in equity related to the rights
and obligations sold and assigned pursuant to clause (i) above (the rights and
obligations sold and assigned by [the][any] Assignor to [the][any] Assignee
pursuant to clauses (i) and (ii) above being referred to herein collectively as
[the][an] “Assigned Interest”). Each such sale and assignment is without
recourse to [the][any] Assignor and, except as expressly provided in this
Assignment Agreement, without representation or warranty by [the][any] Assignor.

 

11  For bracketed language here and elsewhere in this form relating to the
Assignor(s), if the assignment is from a single Assignor, choose the first
bracketed language. If the assignment is from multiple Assignors, choose the
second bracketed language.

12  For bracketed language here and elsewhere in this form relating to the
Assignee(s), if the assignment is to a single Assignee, choose the first
bracketed language. If the assignment is to multiple Assignees, choose the
second bracketed language.

13  Select as appropriate.

14  Include bracketed language if there are either multiple Assignors or
multiple Assignees.

 

D-1

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1.    Assignor[s]:                       [Assignor [is] [is not] a Defaulting
Bank]    2.    Assignee[s]:                       [for each Assignee, indicate
[Affiliate][Approved Fund] of [identify Bank]    3.    Borrower:    Amgen Inc.
   4.    Administrative Agent:    Bank of America, N.A. (“Bank of America”), as
the administrative agent under the Credit Agreement    5.    Credit Agreement:
   The $5,000,000,000 Term Loan Facility Credit Agreement dated as of
September 20, 2013 among Amgen Inc., the Banks parties thereto, Bank of America,
as Administrative Agent, and the arrangers and other agents parties thereto 6.
   Assigned Interest[s]:      

 

                                                                           
                                                 
                                                                           
       

Assignor[s]15

  

Assignee[s]16

   Aggregate
Amount of
Commitment/
Advances for all
Banks18      Amount of
Commitment/
Advances Assigned8      Percentage
Assigned of
Commitment/
Advances19      CUSIP Number       $         $           %             $        
$           %             $         $           %      

 

[7.    Trade Date:    ______________]20   

[Page break]

 

15  List each Assignor, as appropriate.

16  List each Assignee, as appropriate.

18  Amount to be adjusted by the counterparties to take into account any
payments or prepayments made between the Trade Date and the Effective Date.

19  Set forth, to at least 9 decimals, as a percentage of the
Commitment/Advances of all Banks thereunder.

20  To be completed if the Assignor(s) and the Assignee(s) intend that the
minimum assignment amount is to be determined as of the Trade Date.

 

D-2

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Effective Date:                      , 20     [TO BE INSERTED BY AGENT AND WHICH
SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER
THEREFOR.]

The terms set forth in this Assignment Agreement are hereby agreed to:

 

ASSIGNOR[S]21 [NAME OF ASSIGNOR] By:         Title: [NAME OF ASSIGNOR] By:    
    Title: ASSIGNEE[S]22 [NAME OF ASSIGNEE] By:         Title: [NAME OF
ASSIGNEE] By:         Title:

[Consented to and]23 Accepted:

BANK OF AMERICA, N.A., as

    Administrative Agent

 

By:    

 

21  Add additional signature blocks as needed.

22  Add additional signature blocks as needed.

23  To be added only if the consent of the Administrative Agent is required by
the terms of the Credit Agreement.

 

D-3

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    Title:

[Consented to:]24

AMGEN INC., as

    the Borrower

 

By:    

    Title:

 

24  To be added only if the consent of the Borrower is required by the terms of
the Credit Agreement.

 

D-4

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ANNEX 1

Amgen Inc. Credit Agreement dated as of September 20, 2013

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AGREEMENT

1. Representations and Warranties.

1.1 Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is
the legal and beneficial owner of [the][the relevant] Assigned Interest,
(ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or
other adverse claim, (iii) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment Agreement and to
consummate the transactions contemplated hereby and (iv) it is [not] a
Defaulting Bank; and (b) assumes no responsibility with respect to (i) any
statements, warranties or representations made in or in connection with the
Credit Agreement or any other Loan Document, (ii) the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Loan
Documents or any collateral thereunder, (iii) the financial condition of the
Borrowers, any of their Subsidiaries or Affiliates or any other Person obligated
in respect of any Loan Document, or (iv) the performance or observance by the
Borrowers, any of their Subsidiaries or Affiliates or any other Person of any of
their respective obligations under any Loan Document.

1.2. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it
has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment Agreement and to consummate the transactions
contemplated hereby and to become a Bank under the Credit Agreement, (ii) it
meets all the requirements to be an assignee under Section 11.9(b)(iii), (v) and
(vi) of the Credit Agreement (subject to such consents, if any, as may be
required under Section 11.9(b)(iii) of the Credit Agreement), (iii) from and
after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Bank thereunder and, to the extent of [the][the relevant]
Assigned Interest, shall have the obligations of a Bank thereunder, (iv) it is
sophisticated with respect to decisions to acquire assets of the type
represented by the Assigned Interest and either it, or the Person exercising
discretion in making its decision to acquire the Assigned Interest, is
experienced in acquiring assets of such type, (v) it has received a copy of the
Credit Agreement, and has received or has been accorded the opportunity to
receive copies of the most recent financial statements delivered pursuant to
Section 7.1 thereof, as applicable, and such other documents and information as
it deems appropriate to make its own credit analysis and decision to enter into
this Assignment Agreement and to purchase [the][such] Assigned Interest, (vi) it
has, independently and without reliance upon the Administrative Agent or any
other Bank and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this
Assignment Agreement and to purchase [the][such] Assigned Interest, and
(vii) attached to the Assignment Agreement is any documentation required to be
delivered by it pursuant to Section 11.25 of the Credit Agreement, duly
completed and executed by [the][such] Assignee; and (b) agrees that (i) it will,
independently and without reliance on the Administrative Agent, [the][any]
Assignor or any other Bank, 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

 

D-A-1

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under the Loan Documents, and (ii) it will perform in accordance with their
terms all of the obligations which by the terms of the Loan Documents are
required to be performed by it as a Bank.

2. Payments. From and after the Effective Date, the Agent shall make all
payments in respect of [the][each] Assigned Interest (including payments of
principal, interest, fees and other amounts) to [the][the relevant] Assignee
whether such amounts have accrued prior to, on or after the Effective Date. The
Assignor[s] and the Assignee[s] shall make all appropriate adjustments in
payments by the Administrative Agent for periods prior to the Effective Date or
with respect to the making of this assignment directly between themselves.

3. General Provisions. This Assignment Agreement shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and
assigns. This Assignment Agreement may be executed in any number of
counterparts, which together shall constitute one instrument. Delivery of an
executed counterpart of a signature page of this Assignment Agreement by
telecopy shall be effective as delivery of a manually executed counterpart of
this Assignment Agreement . This Assignment Agreement shall be governed by, and
construed in accordance with, the law of the State of New York.

 

D-A-2

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EXHIBIT E

FORM OF SOLVENCY CERTIFICATE

[                    ], [        ]

The undersigned, [                    ], the [                    ] of Amgen
Inc. (the “Borrower”), is familiar with the properties, businesses, assets and
liabilities of the Borrower and is duly authorized to execute this certificate
(this “Solvency Certificate”) on behalf of the Borrower.

This Solvency Certificate is delivered pursuant to Section 8.2(a)(8) of the Term
Loan Facility Credit Agreement dated as of September 20, 2013 (the “Credit
Agreement”; terms defined therein unless otherwise defined herein being used
herein as therein defined) among the Borrower, each lender from time to time
party thereto (collectively, the “Lenders”), Bank of America, N.A., as
administrative agent thereunder (in such capacity, the “Administrative Agent”),
and the arrangers and other agents party thereto.

As used herein, “Company” means the Borrower.

1. I, [            ], hereby certify that I am the [            ] of the Company
and that I am knowledgeable of the financial and accounting matters of the
Company, the Credit Agreement and the covenants and representations (financial
or otherwise) contained therein and that, as such, I am authorized to execute
and deliver this Solvency Certificate on behalf of the Company.

2. The undersigned certifies, on behalf of the Borrower and not in his
individual capacity, that he has made such investigation and inquiries as to the
financial condition of the Borrower as the undersigned deems necessary and
prudent for the purposes of providing this Solvency Certificate. The undersigned
acknowledges that the Administrative Agent and the Lenders are relying on the
truth and accuracy of this Solvency Certificate in connection with the making of
Loans under the Credit Agreement.

3. The undersigned certifies, on behalf of the Borrower and not in his
individual capacity, that (a) the financial information, projections and
assumptions which underlie and form the basis for the representations made in
this Solvency Certificate were made in good faith and were based on assumptions
reasonably believed by the Borrower to be fair in light of the circumstances
existing at the time made; and (b) for purposes of providing this Solvency
Certificate, the amount of contingent liabilities has been computed as the
amount that, in the light of all the facts and circumstances existing as of the
date hereof, represents the amount that can reasonably be expected to become an
actual or matured liability.

BASED ON THE FOREGOING, the undersigned certifies, on behalf of the Borrower and
not in his individual capacity, that, on the date hereof, before and after
giving effect to the Transactions (and the Loans made or to be made and other
obligations incurred or to be incurred on the Closing Date):

 

E-1

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(i) the fair value of the property of the Company (including, for the avoidance
of doubt, property consisting of the residual equity value of the Company’s
subsidiaries) is greater than the total amount of liabilities, including
contingent liabilities, of the Company;

(ii) the present fair salable value of the assets of the Company (including, for
the avoidance of doubt, property consisting of the residual equity value of the
Company’s subsidiaries) is greater than the amount that will be required to pay
the probable liability of the Company on the sum of its debts and other
liabilities, including contingent liabilities;

(iii) the Company has not, does not intend to, and does not believe (nor should
it reasonably believe) that it will, incur debts or liabilities beyond the
Company’s ability to pay such debts and liabilities as they become due (whether
at maturity or otherwise);

(iv) the Company does not have unreasonably small capital with which to conduct
the businesses in which it is engaged as such businesses are now conducted (and
reflected in the Projections) and are proposed to be conducted following the
Closing Date;

(v) the Company is able to pay its debts and liabilities, contingent obligations
and other commitments as they mature in the ordinary course of business; and

(vi) the Company is “solvent” within the meaning given to that term and similar
terms under the Bankruptcy Code and applicable laws relating to fraudulent
transfers and conveyances.

IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate as of
the first date written above, solely in his capacity as [                    ]
of the Borrower and not in his individual capacity.

 

Name:       Title:      

 

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