Exhibit 10.1
Execution Version
═══════════════════════════════════════
$1,500,000,000
CREDIT AGREEMENT
Dated as of August 5, 2011
among

FMC Corporation
as U.S. Borrower

and

The Foreign Subsidiaries Party Hereto from Time to Time
as Euro Borrowers
The Lenders and Issuing Banks Party Hereto
and
Citibank, N.A.,
as Administrative Agent,

* * *
Citigroup Global Markets Inc.
and
Merrill Lynch, Pierce, Fenner & Smith Incorporated
as Joint Lead Arrangers

Bank of America, N.A.,
as Syndication Agent
DnB NOR Bank ASA, The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
and Sumitomo Mitsui Banking Corp.,
as Co-Documentation Agents
DnB NOR Bank ASA, The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
Sumitomo Mitsui Banking Corp., BNP Paribas, HSBC Bank USA, National Association
and U.S. Bank National Association
as Co-Senior Managing Agents
═══════════════════════════════════════

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TABLE OF CONTENTS
 
 
 
 
 
Page
Article I
DEFINITIONS AND ACCOUNTING TERMS
1
SECTION 1.01
Certain Defined Terms
1
SECTION 1.02
Computation of Time Periods
24
SECTION 1.03
Accounting Terms and Principles
24
SECTION 1.04
Certain Terms
25
 
 
 
Article II
AMOUNTS AND TERMS OF THE LOANS
25
SECTION 2.01
The Revolving Loans
25
SECTION 2.02
[Intentionally Deleted]
26
SECTION 2.03
The Swing Loans
26
SECTION 2.04
The Letters of Credit
27
SECTION 2.05
Fees
27
SECTION 2.06
Reductions and Increases of the Commitments
28
SECTION 2.07
Repayment
31
SECTION 2.08
Interest
33
SECTION 2.09
Interest Rate Determinations
34
SECTION 2.10
Prepayments
35
SECTION 2.11
Payments and Computations
35
SECTION 2.12
Taxes
37
SECTION 2.13
Sharing of Payments, Etc
40
SECTION 2.14
Conversion or Continuation of Revolving Loans
40
SECTION 2.15
Extension of Termination Date
41
SECTION 2.16
Defaulting Lender
44
 
 
 
Article III
MAKING THE LOANS AND ISSUING THE LETTERS OF CREDIT
47
SECTION 3.01
Making the Revolving Loans
47
SECTION 3.02
[Intentionally Deleted]
48
SECTION 3.03
Making the Swing Loans, Etc
48
SECTION 3.04
Issuance of Letters of Credit
51
SECTION 3.05
Increased Costs
55
SECTION 3.06
Illegality
57

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TABLE OF CONTENTS
(continued)
 
 
 
 
 
Page
SECTION 3.07
Reasonable Efforts to Mitigate
57
SECTION 3.08
Right to Replace Affected Person or Lender
57
SECTION 3.09
Use of Proceeds
58
 
 
 
Article IV
CONDITIONS OF LENDING
59
SECTION 4.01
Conditions Precedent to Initial Borrowing
59
SECTION 4.02
Conditions Precedent to Each Revolving Loan Borrowing, Swing Loan Borrowing and
Letter of Credit Issuance
60
 
 
 
Article V
REPRESENTATIONS AND WARRANTIES
60
SECTION 5.01
Corporate Existence; Compliance with Law
60
SECTION 5.02
Corporate Power; Authorization; Enforceable Obligations
61
SECTION 5.03
Financial Statements
62
SECTION 5.04
Material Adverse Change
62
SECTION 5.05
Litigation
62
SECTION 5.06
Taxes
62
SECTION 5.07
Full Disclosure
62
SECTION 5.08
Investment Company Act
62
SECTION 5.09
ERISA
63
SECTION 5.10
Environmental Matters
63
SECTION 5.11
Ownership of Properties; Liens
64
SECTION 5.12
OFAC
64
 
 
 
Article VI
COVENANTS OF THE COMPANY
64
SECTION 6.01
Financial Covenants
64
SECTION 6.02
Reporting Covenants
64
SECTION 6.03
Affirmative Covenants
67
SECTION 6.04
Negative Covenants
69
 
 
 
Article VII
EVENTS OF DEFAULT
71
SECTION 7.01
Events of Default
71

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TABLE OF CONTENTS
(continued)
 
 
 
 
 
Page
SECTION 7.02
Actions in Respect of the Letters of Credit Upon Event of Default; L/C Cash
Collateral Account; Investing of Amounts in the L/C Cash Collateral Account;
Release
73
 
 
 
Article VIII
THE ADMINISTRATIVE AGENT
75
SECTION 8.01
Authorization and Action
75
SECTION 8.02
Reliance, Etc
76
SECTION 8.03
The Agents and their Affiliates as Lenders
76
SECTION 8.04
Lender Credit Decision
76
SECTION 8.05
Indemnification
77
SECTION 8.06
Successor Administrative Agent
77
SECTION 8.07
No Other Duties, Etc
78
 
 
 
Article IX
MISCELLANEOUS
78
SECTION 9.01
Amendments, Etc
78
SECTION 9.02
Notices, Etc
79
SECTION 9.03
No Waiver; Remedies
81
SECTION 9.04
Costs and Expenses
81
SECTION 9.05
Rights of Set-off; Payments Set Aside
82
SECTION 9.06
Binding Effect
83
SECTION 9.07
Assignments and Participations.
83
SECTION 9.08
No Liability of the Issuing Banks
87
SECTION 9.09
Governing Law
88
SECTION 9.10
Execution in Counterparts
88
SECTION 9.11
Confidentiality
88
SECTION 9.12
Submission to Jurisdiction; Service of Process
89
SECTION 9.13
WAIVER OF JURY TRIAL
89
SECTION 9.14
Judgment Currency
90
SECTION 9.15
European Monetary Union
90
SECTION 9.16
USA PATRIOT Act
91
 
 
 
Article X
GUARANTY
91

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TABLE OF CONTENTS
(continued)
 
 
 
 
 
Page
SECTION 10.01
Guaranty
91
SECTION 10.02
Authorization; Other Agreements
92
SECTION 10.03
Guaranty Absolute and Unconditional
93
SECTION 10.04
Waivers
94
SECTION 10.05
Reliance
94
SECTION 10.06
Waiver of Subrogation and Contribution Rights
94
SECTION 10.07
Subordination
94
SECTION 10.08
Default; Remedies
95
SECTION 10.09
Irrevocability
95
SECTION 10.10
Setoff
95
SECTION 10.11
No Marshaling
95
SECTION 10.12
Enforcement; Amendments; Waivers
96

iv

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SCHEDULES AND EXHIBITS    

SCHEDULES
Schedule I        -    Applicable Lending Offices
Schedule II         -    Swing Loan Lenders
Schedule III        -    Address for Notices
Schedule IV        -    Material Subsidiaries
Schedule 2.04        -    Existing Letters of Credit
Schedule 5.02         -    Consents
Schedule 5.05         -    Litigation
Schedule 5.10         -    Environmental Matters
Schedule 6.03(k)    -    Post-Closing Matters
Schedule 6.04(a)    -    Existing Liens

EXHIBITS
Exhibit A    -    Form of Revolving Loan Note
Exhibit B-1    -    Form of Notice of Revolving Loan Borrowing
Exhibit B-2    -    Form of Notice of Conversion or Continuation
Exhibit C-1    -    Form of Assignment and Acceptance
Exhibit C-2    -    Form of Participation Agreement
Exhibit C-3    -    Form of New Commitment Acceptance
Exhibit D-1    -    Form of Euro Borrower Designation
Exhibit D-2    -    Form of Swing Loan Borrower Designation
Exhibit E    -    Form of Swing Loan Request

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CREDIT AGREEMENT
CREDIT AGREEMENT (this “Agreement”), dated as of August 5, 2011, among FMC
Corporation, a Delaware corporation (“U.S. Borrower”), the Euro Borrowers (as
defined below) and the Swing Loan Borrowers (as defined below), in each case,
party hereto from time to time (the Euro Borrowers and the Swing Loan Borrowers
together with the U.S. Borrower, collectively the “Borrowers”), the lenders and
issuing banks listed on the signature pages hereof under the heading “Lenders”
(the “Lenders”) and the other Lenders (as defined below) party hereto from time
to time, BANK OF AMERICA, N.A., as syndication agent (the “Syndication Agent”),
DnB NOR Bank ASA, The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Sumitomo Mitsui
Banking Corp., as co-documentation agents (the “Co-Documentation Agents”), DnB
NOR Bank ASA, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking
Corp., BNP Paribas, HSBC Bank USA, National Association and U.S. Bank National
Association, as co-senior managing agents (the “Co-Senior Managing Agents”) and
CITIBANK, N.A., as administrative agent (in such capacity, the “Administrative
Agent”) for the Lenders hereunder.
WHEREAS, certain of the Borrowers are party to (i) the Credit Agreement, dated
as of August 28, 2007, among the U.S. Borrower, as borrower, the U.S. Borrower's
foreign subsidiaries party thereto, Citibank, N.A., as administrative agent, and
the lenders, issuing banks and other parties party thereto (as amended prior to
the date hereof, the “Existing U.S. Credit Agreement”) and (ii) the Amended and
Restated Credit Agreement, dated as of February 28, 2008, among the U.S.
Borrower, FMC Finance B.V., as borrower, FMC Chemical Netherlands B.V., as
European parent, Citibank International PLC, as administrative agent, and the
lenders, issuing banks and other parties party thereto (as amended prior to the
date hereof, the “Existing Euro Credit Agreement”, and together with the
Existing U.S. Credit Agreement, the “Existing Credit Agreements”), currently
providing for facilities in the committed principal amount of $1,500,000,000;
and
WHEREAS, the Borrowers have requested that the Lenders provide a revolving
credit facility, the proceeds of which will be used (i) to refinance the
existing credit extensions of the Borrowers under the Existing Credit
Agreements, (ii) to pay any related transaction costs, fees and expenses and
(iii) for general corporate purposes, including commercial paper backstop and
issuances of Letters of Credit.
NOW, THEREFORE, in that connection, the Borrowers have requested, and the
parties hereto agree as follows, effective on the Effective Date:
ARTICLE I
DEFINITIONS AND ACCOUNTING TERMS
SECTION 1.01    Certain Defined Terms. As used in this Agreement, the following
terms shall have the following meanings (such meanings to be equally applicable
to both the singular and plural forms of the terms defined):
“Acceptance” means an Assignment and Acceptance or a New Commitment Acceptance.

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“Administrative Agent” has the meaning specified in the recital of parties to
this Agreement.
“Administrative Agent's Account” means, in respect of any Currency, such account
as the Administrative Agent shall designate in a notice to the U.S. Borrower and
the Lenders.
“Affected Person” has the meaning specified in Sections 2.12(j), 3.05(e), 3.06
and 3.08(a).
“Affiliate” means, with respect to any Person, any other Person directly or
indirectly controlling or that is controlled by or is under common control with
such Person, each officer, director, general partner or joint-venturer of such
Person, and each Person that is the beneficial owner of 5% or more of any class
of Voting Stock of such Person. For the purposes of this definition, “control”
means the possession of the power to direct or cause the direction of the
management and policies of such Person, whether through the ownership of voting
securities, by contract or otherwise.
“Agents” means, collectively, the Administrative Agent and Bank of America,
N.A., as Syndication Agent.
“Alternate Currency” means any lawful currency other than Dollars which is
freely transferable into Dollars.
“Anniversary Date” has the meaning specified in Section 2.15(a).
“Applicable Lending Office” means, with respect to each Lender, and for each
Type and Currency of Loan, such Lender's Domestic Lending Office in the case of
a Base Rate Loan and such Lender's Eurocurrency Lending Office in the case of a
Eurocurrency Rate Loan.
“Applicable Margin” means, as of any date, the applicable margin set forth under
the Eurocurrency Rate or Base Rate column set forth below, as applicable, based
upon the Public Debt Rating in effect on such date:
Public Debt Rating
S&P/Moody's
Eurocurrency Rate
Base Rate
Level 1
A / A2 or higher
0.875%
—%
Level 2
A- / A3
1.000%
—%
Level 3
BBB+ / Baa1
1.125%
0.125%
Level 4
BBB / Baa2
1.250%
0.250%

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Public Debt Rating
S&P/Moody's
Eurocurrency Rate
Base Rate
Level 5
Lower than Level 4
1.50%
0.500%

“Applicable Percentage” means, as of any date, the applicable percentage set
forth below under the Facility Fee column based upon the Public Debt Rating in
effect on such date:
Public Debt Rating
S&P/Moody's
Facility
Fee
Level 1
A / A2 or higher
0.080%
Level 2
A- / A3
0.100%
Level 3
BBB+ / Baa1
0.150%
Level 4
BBB / Baa2
0.200%
Level 5
Lower than Level 4
0.250%

“Arrangers” means CGMI and Merrill, in their respective capacities as joint lead
arrangers.
“Assignment and Acceptance” means an assignment and acceptance entered into by a
Lender and an Eligible Assignee, and accepted by the Administrative Agent, in
accordance with Section 9.07 and in substantially the form of Exhibit C-1
hereto.
“Available Amount” means, at any time, with respect to any Letter of Credit, the
maximum amount available to be drawn under such Letter of Credit at such time
(assuming compliance at such time with all conditions to drawing), provided,
that if any Letter of Credit provides for future increases in the maximum amount
available to be drawn under such Letter of Credit, then the “Available Amount”
of such Letter of Credit shall mean, at any time, the maximum amount available
to be drawn under such Letter of Credit after taking into account all increases
in the availability thereunder.
“Base Rate” means, for any period, a fluctuating interest rate per annum as
shall be in effect from time to time which rate per annum shall at all times be
equal to the highest of:
(a)the rate of interest announced publicly by Citibank in New York, New York,
from time to time, as its “base rate”;

(b)the Federal Funds Effective Rate plus 1/2 of 1%; and

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(c)Eurocurrency Rate for a one-month period plus 1%.
“Base Rate Loan” means a Loan denominated in Dollars which bears interest as
provided in Section 2.08(a)(i).
“BofA” means Bank of America, N.A., a national banking association.
“Borrowers” has the meaning specified in the recital of parties to this
Agreement.
“Borrowers' Accountants” means KPMG LLP or other independent
nationally-recognized public accountants acceptable to the Administrative Agent
“Borrowing” means a Revolving Loan Borrowing or a Swing Loan Borrowing.
“Business Day” means a day of the year on which banks are not required or
authorized by law to close in New York City and, if the applicable Business Day
relates to any Eurocurrency Rate Loans, on which dealings are carried on in the
London interbank market (or, in the case of Loans denominated in Euros, on which
the Trans-European Automated Real-Time Gross Settlement Express Transfer
(TARGET) System is open).
“Capital Lease” means, with respect to any Person, any lease of, or other
arrangement conveying the right to use, property by such Person as lessee that
would be accounted for as a capital lease on a balance sheet of such Person
prepared in conformity with GAAP.
“Capital Lease Obligations” means, with respect to any Person, the capitalized
amount of all Consolidated obligations of such Person or any of its Subsidiaries
under Capital Leases.
“Cash Collateralize” means, in respect of an obligation, to provide and pledge
(as a first priority perfected security interest) cash collateral in Dollars or
Alternate Currency specified by the Administrative Agent, at a location and
pursuant to documentation in form and substance reasonably satisfactory to the
Administrative Agent (and “Cash Collateralization” has a corresponding meaning).
“CGMI” means Citigroup Global Markets Inc.
“Change of Control” means the occurrence of any of the following: (a) any Person
or group of Persons (within the meaning of the Securities Exchange Act of 1934,
as amended) shall have acquired beneficial ownership (within the meaning of Rule
13d-3 of the SEC under the Securities Exchange Act of 1934, as amended) of 30%
or more of the issued and outstanding Voting Stock of the U.S. Borrower or
(b) during any period of twenty-four (24) consecutive calendar months,
individuals who at the beginning of such period constituted the board of
directors of the U.S. Borrower (together with any new directors whose election
by the board of directors of the U.S. Borrower or whose nomination for election
by the stockholders of the U.S. Borrower was approved by a vote of at least
two-thirds of the directors then still in office who either were directors at
the beginning of such period or whose elections or nomination for election was
previously so approved) cease for any reason other than death or disability to
constitute a majority of the directors then in office.
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“Citibank” means Citibank, N.A., a national banking association, and its
successors.
“Code” means the Internal Revenue Code of 1986, as amended from time to time,
and the regulations promulgated and rulings issued thereunder.
“Co-Documentation Agents” has the meaning specified in the recital of parties to
this Agreement.
“Commitment” means, as to any Lender, (i) the Dollar amount set forth opposite
its name on the signature pages hereof or (ii) if such Lender has entered into
one or more Acceptances, the amount set forth for such Lender in the Register,
in each case as the same may be increased or reduced as expressly provided
herein (including, without limitation, pursuant to Sections 2.06, 2.15(c), 3.08
and 9.07).
“Confidential Information” has the meaning set forth in Section 9.11 hereto.
“Consolidated” refers to the consolidation of accounts of the U.S. Borrower and
its Subsidiaries in accordance with GAAP.
“Constituent Documents” means, with respect to any Person, (a) the articles of
incorporation and/or organization, certificate of incorporation or certificate
of formation (or the equivalent organizational documents) of such Person,
(b) the by-laws, operating agreement (or the equivalent governing documents) of
such Person and (c) any document setting forth the manner of election and duties
of the directors or managing members of such Person (if any) and the
designation, amount or relative rights, limitations and preferences of any class
or series of such Person's Stock.
“Contaminant” means any material, substance or waste that is classified,
regulated or otherwise characterized under any Environmental Law as hazardous,
toxic, a contaminant or a pollutant or by other words of similar meaning or
regulatory effect, including any green house gas, petroleum or petroleum-derived
substance or waste, asbestos and polychlorinated biphenyls.
“Continuation”, “Continue” and “Continued” each refer to a continuation of
Eurocurrency Rate Loans for an additional Interest Period pursuant to Section
2.14.
“Conversion”, “Convert” and “Converted” each refer to a conversion of Revolving
Loans of one Type into Revolving Loans of the other Type pursuant to
Section 2.14.
“Co-Senior Managing Agents” has the meaning specified in the recital of parties
to this Agreement.
“Currency” means Dollars or any Alternate Currency.
“Customary Permitted Liens” means, with respect to any Person, any of the
following Liens:
(a)Liens for taxes, assessments, governmental charges, claims or levies in each
case that are not yet due or that are being contested in good faith by
appropriate proceedings

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and with respect to which adequate reserves (in the good faith judgment of the
management of the respective Person) have been established;

(b)Liens of landlords, liens in favor of utilities and liens of suppliers,
mechanics, carriers, materialmen, warehousemen or workmen and other liens
imposed by law or contract which were incurred in the ordinary course of
business and (i) which secure amounts not yet due or (ii)(A) which do not in the
aggregate materially detract from the value of such property (other than
immaterial property) or materially impair the use thereof in the operation of
the business of any Person or (B) which Liens (or the amounts secured thereby)
are being contested in good faith by appropriate proceedings, which proceedings
have the effect of preventing the forfeiture or sale of the property subject to
such Lien and with respect to which adequate reserves (in the good faith
judgment of the management of the respective Person) have been established;

(c)Liens incurred or deposits made in the ordinary course of business in
connection with workers' compensation, unemployment insurance or other types of
social security benefits or to secure the performance of trade contracts, bids,
tenders, statutory and regulatory obligations, sales, contracts (other than for
the repayment of borrowed money), appeal bonds, leases, government contracts or
customs bonds and other similar obligations incurred in the ordinary course of
business;

(d)encumbrances arising by reason of zoning restrictions, easements, licenses,
reservations, covenants, rights-of-way, utility easements, building restrictions
and other similar encumbrances on the use of real property not materially
detracting from the value of such real property or not materially interfering
with the ordinary conduct of the business conducted and proposed to be conducted
at such real property;

(e)encumbrances, easements, rights-of-way, restrictions, minor defects or
irregularities in title and other similar charges or encumbrances not
interfering in any material respect with the ordinary conduct of the business of
any Person;

(f)encumbrances arising under leases or subleases of real property that do not,
in the aggregate, materially detract from the value of such real property or
interfere with the ordinary conduct of the business conducted at such real
property;

(g)financing statements with respect to a lessor's rights in and to personal
property leased to such Person in the ordinary course of such Person's business;

(h)Liens arising from judgments, decrees or attachments and Liens securing
appeal bonds arising from judgments, in each case in circumstances not
constituting an Event of Default, provided that no cash or property is deposited
or delivered to secure any such judgment or award;

(i)Liens on tangible property of a Person or a business that are existing at the
time such Person or business is acquired pursuant to an acquisition not
prohibited by Section 6.04(b), provided that such Liens were not placed on such
property in contemplation of the consummation of the acquisition and do not
extend to any property other than those of the Person or the business so
acquired (and proceeds and products of any of the foregoing);

(j)Liens encumbering goods under production and arising from progress or partial
payments by the U.S. Borrower or any Subsidiary relating to the underlying
goods;

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(k)Liens arising out of conditional sale, title retention, consignment or
similar arrangements for the sale of goods entered into by the U.S. Borrower or
any Subsidiary in the ordinary course of business;

(l)Liens under ERISA to the extent the creation thereof would not breach the
representation made in Section 5.08 if made immediately after such creation;

(m)Liens on any proceeds (including, without limitation, insurance, condemnation
and eminent domain proceeds) or products of any property, a lien over which is a
Lien permitted by Section 6.04(a); and
(n)Liens arising solely by virtue of any statutory or common law provisions
relating to (i) banker's liens, (ii) liens in favor of securities intermediaries
and (iii) rights of set off or similar rights and remedies as to deposit
accounts or securities accounts or other funds maintained with depository
institutions or securities intermediaries, including Liens arising under Article
24 of the general terms and conditions of any member of the Dutch Bankers'
Association or any similar term applied by a financial institution in the
Netherlands pursuant to its general terms and conditions.

“Default” means any Event of Default or any event that would constitute an Event
of Default but for the requirement that notice be given or time elapse or both.
“Defaulting Lender” means at any time, subject to Section 2.16(e), (i) any
Lender that has failed to comply with its obligations under this Agreement to
make a Loan, make a payment to any Issuing Bank in respect of a Letter of
Credit, make a payment to the Swing Loan Lender in respect of a Swing Loan or
pay to the Administrative Agent or any other Lender any other amount required to
be paid by it hereunder (each a “Funding Obligation”) within two Business Days
of the date such Funding Obligation was required to be funded hereunder, (ii)
any Lender that has notified the Administrative Agent, the U.S. Borrower, the
Issuing Bank or the Swing Loan Lender in writing, or has stated publicly, that
it does not intend to comply with its Funding Obligations hereunder, (iii) any
Lender that has defaulted on its funding obligations under any other loan
agreements or credit agreements generally, (iv) any Lender that has, for three
or more Business Days after written request of the Administrative Agent or the
U.S. Borrower, failed to confirm in writing to the Administrative Agent and the
U.S. Borrower that it will comply with its prospective funding obligations
hereunder (provided that such Lender will cease to be a Defaulting Lender
pursuant to this clause (iv) upon the Administrative Agent's and the U.S.
Borrower's receipt of such written confirmation), or (v) any Lender with respect
to which a Lender Insolvency Event has occurred and is continuing with respect
to such Lender or its Parent Company (provided, in each case, that neither the
reallocation of Funding Obligations provided for in Section 2.16 as a result of
a Lender's being a Defaulting Lender nor the performance by Non-Defaulting
Lenders of such reallocated Funding Obligations will by themselves cause the
relevant Defaulting Lender to become a Non-Defaulting Lender). Any determination
by the Administrative Agent that a Lender is a Defaulting Lender under any of
clauses (i) through (v) above will be conclusive and binding absent manifest
error, and such Lender will be deemed to be a Defaulting Lender (subject to
Section 2.16(e)) upon notification of such determination by the Administrative
Agent to the U.S. Borrower, the Issuing Banks, the Swing Loan Lender and the
Lenders.
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“Designated Borrower” means any Euro Borrower or Swing Loan Borrower designated
pursuant to a Euro Borrower Designation or a Swing Loan Borrower Designation,
respectively.
“Disclosure Documents” means, collectively, the U.S. Borrower's annual report on
Form 10-K for December 31, 2010 and quarterly report on Form 10-Q for June 30,
2011 and any amendments thereto filed by the U.S. Borrower with the SEC.
“Documentary Letter of Credit” means any Letter of Credit that is drawable upon
presentation of documents evidencing the sale or shipment of goods purchased by
the U.S. Borrower or any of its Subsidiaries in the ordinary course of its
business.
“Dollar Equivalent” means, with respect to any amount denominated in an
Alternate Currency, the amount of Dollars that would be required to purchase
such amount of such Alternate Currency, based upon the arithmetic mean (rounded
upwards, if necessary, to the nearest 1/100 of 1%), as determined by the
Administrative Agent, of the spot selling rate at which the Reference Banks
offer to sell such Alternate Currency for Dollars, (x) in the case of an amount
denominated in any Alternate Currency other than Euros, in the London foreign
exchange market at approximately 11:00 A.M. London time or (y) in the case of an
amount denominated in Euros, in the London foreign exchange market at
approximately 10:00 A.M. London time or, at the request of the Borrower,
11:00 A.M., Brussels time, in each case for delivery two Business Days
thereafter.
“Dollar Revolving Loan” has the meaning specified in Section 2.01(a).
“Dollars” and “$” mean lawful money of the United States of America.
“Domestic Lending Office” means, with respect to any Lender, the office of such
Lender specified as its “Domestic Lending Office” opposite its name on
Schedule I hereto or in the Acceptance pursuant to which it became a Lender, or
such other office of such Lender as such Lender may from time to time specify to
the U.S. Borrower and the Administrative Agent.
“Domestic Subsidiary” means any Subsidiary of the U.S. Borrower organized under
the laws of any state of the United States of America or the District of
Columbia or any entity disregarded for U.S. tax purposes wholly owned by the
U.S. Borrower or a Domestic Subsidiary.
“Dutch Borrower” means any Borrower that is organized under the laws of the
Netherlands.
“EBITDA” means, for any period, net income for such period, plus, without
duplication and to the extent deducted from revenues in determining net income
for such period, the sum of (a) the aggregate amount of interest expense for
such period, (b) the aggregate amount of income and franchise tax expense for
such period, (c) all amounts attributable to depreciation and amortization for
such period, (d) all other non-cash charges and non-cash losses for such period
and (e) all Non-Recurring Items for such period and minus, without duplication
and to the extent added to revenues in determining net income for such period,
the sum of (i) all non-recurring non-cash gains during such period, (ii) the
amount of cash used during such period to the extent charged against net income
in a different period and (iii) the amount of cash used during such period
relating to a Non-Recurring Item, all as determined on a consolidated basis
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with respect to the U.S. Borrower and its Subsidiaries in accordance with GAAP.
For the purposes of calculating EBITDA for any period, if during such period the
U.S. Borrower or any Subsidiary shall have made an acquisition, EBITDA for such
period shall be calculated after giving pro forma effect thereto as if such
acquisition occurred on the first day of such period.
“Effective Date” has the meaning set forth in Section 4.01.
“Eligible Assignee” means a Lender and any Affiliate of such Lender or any other
Person approved in writing by the Administrative Agent, the Issuing Banks, the
Swing Loan Lender and the U.S. Borrower.
“EMU” means economic and monetary union as contemplated in the Treaty on
European Union.
“EMU Legislation” means legislative measures of the European Council for the
introduction of, changeover to or operation of a single or unified European
currency (whether known as the euro or otherwise), being in part the
implementation of the third stage of EMU.
“Environmental Law” means any federal, state or local law, rule, regulation,
order, writ, judgment, injunction, decree, determination or award relating to
the environment, health, safety or hazardous materials, including, without
limitation, CERCLA, the Resource Conservation and Recovery Act, the Hazardous
Materials Transportation Act, the Clean Water Act, the Toxic Substances Control
Act, the Clean Air Act, the Safe Drinking Water Act, the Atomic Energy Act, the
Federal Insecticide, Fungicide and Rodenticide Act and the Occupational Safety
and Health Act.
“Environmental Liabilities and Costs” means, with respect to any Person, all
liabilities, obligations, responsibilities, Remedial Actions, losses, damages,
punitive damages, consequential damages, treble damages, costs and expenses
(including all fees, disbursements and expenses of counsel, experts and
consultants and costs of investigation and feasibility studies), fines,
penalties, sanctions and interest incurred as a result of any claim or demand by
any other Person, whether based in contract, tort, implied or express warranty,
strict liability, criminal or civil statute and whether arising under any
Environmental Law, Permit, order or agreement with any Governmental Authority or
other Person, in each case relating to any environmental, health or safety
condition or to any Release or threatened Release and resulting from the past,
present or future operations of, or ownership of property by, such Person or any
of its Subsidiaries.
“Environmental Lien” means any Lien in favor of any Governmental Authority for
Environmental Liabilities and Costs.
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and the regulations promulgated and rulings issued
thereunder.
“ERISA Affiliate” means any Person who for purposes of Title IV of ERISA is a
member of the U.S. Borrower's controlled group, or under common control with the
U.S. Borrower, within the meaning of Section 414(b) or 414(c) of the Code.
“ERISA Event” means, with respect to any Person, (a) the occurrence of a
reportable event, within the meaning of Section 4043 of ERISA, with respect to
any Plan of such Person or any of its ERISA Affiliates unless the 30‑day notice
requirement with respect to such
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event has been waived by the PBGC; (b) the provision by the administrator of any
Plan of such Person or any of its ERISA Affiliates of a notice of intent to
terminate such Plan pursuant to Section 4041(a)(2) of ERISA with respect to a
termination described in Section 4041(c)(2) of ERISA (including any such notice
with respect to a plan amendment referred to in Section 4041(e) of ERISA);
(c) the cessation of operations at a facility of such Person or any of its ERISA
Affiliates in the circumstances described in Section 4062(e) of ERISA; (d) the
withdrawal by such Person or any of its ERISA Affiliates from a Multiple
Employer Plan during a plan year for which it was a substantial employer, as
defined in Section 4001(a)(2) of ERISA; (e) the failure by such person or any of
its ERISA Affiliates to make a payment to a Plan required under the minimum
funding standards of ERISA; (f) the adoption of an amendment to a Plan of such
Person or any of its ERISA Affiliates requiring the provision of security to
such Plan, pursuant to Section 307 of ERISA; or (g) the institution by the PBGC
of proceedings to terminate a Plan of such Person or any of its ERISA
Affiliates, pursuant to Section 4042 of ERISA.
“Euro” means the single currency of Participating Member States of the European
Union.
“Euro Borrower” means each of FMC Finance B.V., a company organized and existing
under the laws of the Netherlands, FMC Chemicals Netherlands B.V., a company
organized and existing under the laws of the Netherlands, FMC Foret, S.A., a
company organized and existing under the laws of Spain, FMC Biopolymer Germany
GmbH, a company organized and existing under the laws of Germany, Surety
International Ltd., a company organized and existing under the laws of Bermuda
and any Foreign Subsidiary (i) designated a “Euro Borrower” for purposes of this
Agreement by the U.S. Borrower in a written notice in substantially the form of
Exhibit D-1 hereto (each, a “Euro Borrower Designation” and each Euro Borrower
designated thereby, a “Designated Borrower”), (ii) accepted as same by the
Administrative Agent and (iii) joining this Agreement and the other Loan
Documents pursuant to documentation satisfactory to the Administrative Agent
(including such guaranties as the Administrative Agent may require).
“Euro Borrower Designation” has the meaning specified in the definition of “Euro
Borrower”.
“Euro Revolving Loan” has the meaning specified in Section 2.01(a).
“Eurocurrency Lending Office” means, with respect to any Lender, the office of
such Lender specified as its “Eurocurrency Lending Office” opposite its name on
Schedule I hereto or in the Acceptance pursuant to which it became a Lender (or,
if no such office is specified, its Domestic Lending Office), or such other
office of such Lender as such Lender may from time to time specify to the U.S.
Borrower and the Administrative Agent.
“Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D
of the Board of Governors of the Federal Reserve System, as in effect from time
to time.
“Eurocurrency Rate” means, for any Interest Period for each Eurocurrency Rate
Loan comprising part of the same Borrowing, the rate per annum (rounded upward
to the nearest whole multiple of 1/1000 of 1% per annum) appearing on Reuters
Screen LIBOR01 Page (or on any successor or substitute page) as the London
interbank offered rate for deposits in the applicable currency at approximately
11:00 A.M. (London time) on the second Business Day immediately preceding the
first day of such Interest Period, for a term comparable to such Interest Period
or, if for any reason such rate is not available, the average (rounded upward to
the nearest
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whole multiple of 1/1000 of 1% per annum, if such average is not such a
multiple) of the rate per annum at which deposits in the applicable currency is
offered by the principal office of each of the Reference Banks in London,
England to prime banks in the London interbank market at 11:00 A.M. (London
time) on the second Business Day immediately preceding the first day of such
Interest Period in an amount substantially equal to such Reference Bank's
Eurocurrency Rate Loan comprising part of such Borrowing to be outstanding
during such Interest Period and for a period equal to such Interest Period. If
the Reuters Screen LIBOR01 Page (or on any successor or substitute page) is
unavailable, the Eurocurrency Rate for any Interest Period for each Eurocurrency
Rate Loan comprising part of the same Borrowing shall be determined by the
Administrative Agent on the basis of applicable rates furnished to and received
by the Administrative Agent from the Reference Banks on the second Business Day
immediately preceding the first day of such Interest Period, subject, however,
to the provisions of Section 2.09.
“Eurocurrency Rate Loan” means a Loan denominated in Dollars or Euros which
bears interest as provided in Section 2.08(a)(iii).
“Eurocurrency Rate Reserve Percentage” of any Lender for any Interest Period for
any Eurocurrency Rate Loan means the reserve percentage applicable during such
Interest Period (or if more than one such percentage shall be so applicable, the
daily average of such percentages for those days in such Interest Period during
which any such percentage shall be so applicable) under regulations issued from
time to time by the Board of Governors of the Federal Reserve System (or any
successor) for determining the maximum reserve requirement (including, without
limitation, any emergency, supplemental or other marginal reserve requirement)
for such Lender with respect to liabilities or assets consisting of or including
Eurocurrency Liabilities having a term equal to such Interest Period.
“Events of Default” has the meaning specified in Section 7.01.
“Excluded Representations” means the representations and warranties set forth in
 Sections 5.04 and 5.05.
“Existing Credit Agreements” has the meaning specified in the introduction
hereto.
“Existing Letters of Credit” means each “Letter of Credit” issued pursuant to
the terms of, and as defined in, the Existing Credit Agreement and outstanding
on the Effective Date.
“Facility” means the Commitments and the provisions herein relating to the
Revolving Loans and Letters of Credit.
“Farm Credit System” means a federally chartered network of borrower-owned
lending institutions comprised of cooperatives and related service organizations
regulated by the Farm Credit Administration.
“FDIC” means the Federal Deposit Insurance Corporation or any successor.
“Federal Funds Rate” means, for any period, a fluctuating interest rate per
annum equal for each day during such period to the weighted average of the rates
on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers, as published for such day (or, if such
day is not a Business Day, for the next preceding
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Business Day) by the Federal Reserve Bank of New York, or, if such rate is not
so published for any day which is a Business Day, the average of the quotations
for such day on such transactions received by the Administrative Agent from
three Federal funds brokers of recognized standing selected by it.
“Final Termination Date” means, at any time, the latest occurring Termination
Date in effect at such time.
“Financial Covenant Debt” of any Person means Indebtedness of the type specified
in clauses (a), (b), (c), (d), (e), (f), (g) and (h) of the definition of
“Indebtedness”; provided, however, that (i) in the case of clause (c), such
obligations shall be included in this definition of Financial Covenant Debt only
to the extent such obligations are in respect of unreimbursed drawings under
letters of credit, and (ii) that Guaranty Obligations supported by a Letter of
Credit shall not, to the extent so supported, be included in this definition of
Financial Covenant Debt.
“Fiscal Quarter” means each of the three month periods ending on March 31,
June 30, September 30 and December 31.
“Fiscal Year” means the twelve month period ending on December 31.
“FMC's Business” means the business of developing, manufacturing and/or selling,
and providing research and development, marketing and/or other services and
support for, chemical-based and formulated products and related organic and
inorganic materials and any business reasonably related, incidental,
complementary or ancillary thereto.
“Foreign Currency Equivalent” means, with respect to any amount in Dollars, the
amount of an Alternate Currency that could be purchased with such amount of
Dollars using the reciprocal of foreign exchange rate(s) specified in the
definition of the term “Dollar Equivalent”, as determined by the Administrative
Agent.
“Foreign Credit Line” means a credit facility or similar credit arrangement
(including any arrangement in connection with vendor financing) made available
by a financial institution to Foreign Subsidiaries or their customers, as
applicable.
“Foreign Subsidiary” means any Subsidiary of the U.S. Borrower that is not a
Domestic Subsidiary.
“GAAP” means generally accepted accounting principles in the United States of
America as in effect from time to time, except that, with respect to the
determination of compliance by the U.S. Borrower with the covenant set forth in
Section 6.01, “GAAP” shall mean such principles in the United States of America
as in effect as of the date of, and used in, the preparation of the audited
financial statements of the U.S. Borrower referred to in Section 5.03.
“Governmental Authority” means any nation, sovereign or government, any state or
other political subdivision thereof and any entity exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to government, including any central bank.
“Granting Lender” has the meaning specified in Section 9.07(a).
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“Guarantied Obligations” has the meaning specified in Section 10.01(a).
“Guaranty” means the U.S. Borrower's guaranty of the Guarantied Obligations of
the Euro Borrowers and the Swing Loan Borrowers under this Agreement as set
forth in Article X (Guaranty) hereof.
“Guaranty Obligation” means, as applied to any Person, any direct or indirect
liability, contingent or otherwise, of such Person with respect to any
Indebtedness of another Person, if the purpose or intent of such Person in
incurring the Guaranty Obligation is to provide assurance to the obligee of such
Indebtedness that such Indebtedness will be paid or discharged, or that any
agreement relating thereto will be complied with, or that any holder of such
Indebtedness will be protected (in whole or in part) against loss in respect
thereof, including (a) the direct or indirect guaranty, endorsement (other than
for collection or deposit in the ordinary course of business), co‑making,
discounting with recourse or sale with recourse by such Person of Indebtedness
of another Person and (b) any liability of such Person for Indebtedness of
another Person through any agreement (contingent or otherwise) (i) to purchase,
repurchase or otherwise acquire such Indebtedness or any security therefor, or
to provide funds for the payment or discharge of such Indebtedness (whether in
the form of a loan, advance, stock purchase, capital contribution or otherwise),
(ii) to maintain the solvency or any balance sheet item, level of income or
financial condition of another Person, (iii) to make take‑or‑pay or similar
payments outside of the ordinary course of business, if required, regardless of
non‑performance by any other party or parties to an agreement, (iv) to purchase,
sell or lease (as lessor or lessee) property, or to purchase or sell services,
primarily for the purpose of enabling the debtor to make payment of such
Indebtedness or to assure the holder of such Indebtedness against loss or (v) to
supply funds to, or in any other manner invest in, such other Person (including
to pay for property or services irrespective of whether such property is
received or such services are rendered), if in the case of any agreement
described under clause (b)(i), (ii), (iii), (iv) or (v) above the primary
purpose or intent thereof is to provide assurance that Indebtedness of another
Person will be paid or discharged, that any agreement relating thereto will be
complied with or that any holder of such Indebtedness will be protected (in
whole or in part) against loss in respect thereof. The amount of any Guaranty
Obligation shall be equal to the amount of the Indebtedness so guaranteed or
otherwise supported.
“Hedging Contracts” means all Interest Rate Contracts, foreign exchange
contracts, currency swap or option agreements, forward contracts, commodity
swap, purchase or option agreements, other commodity price hedging arrangements,
and all other similar agreements or arrangements designed to alter the risks of
any Person arising from fluctuations in interest rates, currency values or
commodity prices.
“Increasing Lender” means, in connection with any increase in the aggregate
amount of the Commitments pursuant to Section 2.06(b), a Lender whose Commitment
is increased pursuant to Section 2.06(b)(vi).
“Indebtedness” of any Person means, as of any date of determination, without
duplication (a) all indebtedness of such Person for borrowed money, (b) all
obligations of such Person evidenced by notes, bonds (other than surety and
performance bonds, which are covered in clause (c) below), debentures or similar
instruments or that bear interest, (c) all reimbursement and other obligations
with respect to letters of credit, bankers' acceptances, surety bonds and
performance bonds, whether or not matured, (d) all indebtedness for the deferred
purchase price of property or services, other than trade payables incurred in
the ordinary course of business that
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are not overdue, (e) all indebtedness of such Person created or arising under
any conditional sale or other title retention agreement with respect to property
acquired by such Person (even though the rights and remedies of the seller or
lender under such agreement in the event of default are limited to repossession
or sale of such property), (f) all Capital Lease Obligations of such Person and
the present value of future rental payments under all synthetic leases, (g) all
Guaranty Obligations of such Person, (h) all obligations of such Person to
purchase, redeem, retire, defease or otherwise acquire for value any Stock or
Stock Equivalents of such Person, valued, in the case of redeemable preferred
stock, at the greater of its voluntary liquidation preference and its
involuntary liquidation preference plus accrued and unpaid dividends, (i) all
net obligations payable by such Person in respect of Hedging Contracts of such
Person and (j) all Indebtedness of the type referred to above secured by (or for
which the holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any Lien upon or in property (including accounts
and general intangibles) owned by such Person, even though such Person has not
assumed or become liable for the payment of such Indebtedness.
“Indemnified Party” has the meaning specified in Section 9.04(b).
“Interest Coverage Ratio” means, with respect to the U.S. Borrower and its
Subsidiaries on a Consolidated basis for any period, the ratio of EBITDA for
such period to Net Consolidated Interest Expense for such period.
“Interest Income” means, for the U.S. Borrower and its Subsidiaries on a
Consolidated basis for any period, total interest income for such period on a
Consolidated basis in conformity with GAAP.
“Interest Period” means: with respect to each Eurocurrency Rate Loan, the period
commencing on the date of such Eurocurrency Rate Loan and ending one, two, three
or six (or, if requested by the U.S. Borrower and acceptable to each of the
Lenders, nine or twelve) calendar months thereafter, as the U.S. Borrower (on
its own behalf and on behalf of any other Borrower) may, upon notice received by
the Administrative Agent not later than 12:00 noon (New York City time) on the
third Business Day prior to the first day of such Interest Period, select;
provided that:
i.the U.S. Borrower may not select any Interest Period that ends after the Final
Termination Date;

ii.Interest Periods commencing on the same date for Revolving Loans comprising
part of the same Revolving Loan Borrowing shall be of the same duration;

iii.whenever the last day of any Interest Period would otherwise occur on a day
other than a Business Day, the last day of such Interest Period shall be
extended to occur on the next succeeding Business Day, provided in the case of
any Interest Period for a Eurocurrency Rate Loan, that if such extension would
cause the last day of such Interest Period to occur in the next following
calendar month, the last day of such Interest Period shall occur on the next
preceding Business Day; and

iv.any Interest Period that begins on the last Business Day of a calendar month
(or on a day for which there is no numerically corresponding day in the

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calendar month at the end of such Interest Period) shall end on the last
Business Day of the calendar month at the end of such Interest Period.
“Interest Rate Contracts” means all interest rate swap agreements, interest rate
cap agreements, interest rate collar agreements and interest rate insurance.
“Investment” means, with respect to any Person, (a) any purchase or other
acquisition by such Person of (i) any Security issued by, (ii) a beneficial
interest in any Security issued by, or (iii) any other equity ownership interest
in, any other Person, (b) any purchase by such Person of all or a significant
part of the assets of a business conducted by any other Person, or all or
substantially all of the assets constituting the business of a division, branch
or other unit operation of any other Person, (c) any loan, advance (other than
deposits with financial institutions available for withdrawal on demand, prepaid
expenses, accounts receivable and similar items made or incurred in the ordinary
course of business as presently conducted) or capital contribution by such
Person to any other Person, including all Indebtedness of any other Person to
such Person arising from a sale of property by such Person other than in the
ordinary course of its business, and (d) any Guaranty Obligation incurred by
such Person in respect of Indebtedness of any other Person.
“IRB Obligations” means the variable rate industrial and pollution control
revenue bonds of the U.S. Borrower that are supported by letters of credit set
forth on Schedule 2.04 (Existing Letters of Credit).
“Issue” means, with respect to any Letter of Credit, to issue, extend the expiry
of, renew or increase the maximum face amount (including by deleting or reducing
any scheduled decrease in such maximum face amount) of, such Letter of Credit.
The terms “Issued” and “Issuance” shall have a corresponding meaning
“Issuing Bank” means each Lender or Affiliate of a Lender that (a) is listed on
the signature pages hereof as an “Issuing Bank” or (b) hereafter becomes an
Issuing Bank with the approval of the Administrative Agent and the U.S. Borrower
by agreeing pursuant to an agreement with and in form and substance satisfactory
to the Administrative Agent and the U.S. Borrower to be bound by the terms
hereof applicable to Issuing Banks.
“L/C Cash Collateral Account” has the meaning specified in Section 7.02(b).
“L/C Cash Collateral Account Collateral” has the meaning specified in
Section 7.02(b).
“L/C Cash Collateral Account Investments” has the meaning specified in
Section 7.02(c).
“L/C Cash Collateral Account Obligations” has the meaning specified in
Section 7.02(e)(i).
“Lender Insolvency Event” shall mean that (i) a Lender 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 (ii) such Lender 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 Lender or its Parent
Company. Notwithstanding anything to the contrary above, a Lender will not be a
Defaulting Lender solely by virtue of the ownership or acquisition of any Stock
in such Lender or its Parent Company by any Governmental Authority.
“Lenders” means the Lenders listed on the signature pages hereof and each
Eligible Assignee that shall become a party hereto pursuant to Section 9.07 and
shall include the Swing Loan Lender and the Issuing Banks.
“Letter of Credit” has the meaning specified in Section 2.04.
“Letter of Credit Loan” means a payment by an Issuing Bank of a draft drawn
under any Letter of Credit pursuant to Section 3.04 or, without duplication, a
payment by a Lender in respect thereof pursuant to Section 3.04.
“Letter of Credit Obligations” means, at any time, the aggregate of all
liabilities at such time of the U.S. Borrower and the Euro Borrowers to all
Issuing Banks with respect to Letters of Credit, whether or not any such
liability is contingent, including, without duplication, the sum of (a) the
Reimbursement Obligations in respect of the Letters of Credit at such time and
(b) the Letter of Credit Undrawn Amounts at such time.
“Letter of Credit Reimbursement Agreement” has the meaning specified in Section
3.04(d).
“Letter of Credit Request” has the meaning specified in Section 3.04(b).
“Letter of Credit Sub-Facility” has the meaning specified in Section 2.04.
“Letter of Credit Sublimit” means $300,000,000.
“Letter of Credit Undrawn Amounts” means, at any time, the aggregate undrawn
amount of all Letters of Credit outstanding at such time.
“Leverage Ratio” means, with respect to the U.S. Borrower and its Subsidiaries
on a Consolidated basis as of any date, the ratio of Financial Covenant Debt as
of such date to EBITDA for the last four Fiscal Quarters ending on or before
such date.
“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment,
charge, deposit arrangement, encumbrance, lien (statutory or other), security
interest or preference, priority or other security agreement or preferential
arrangement of any kind or nature whatsoever intended to assure payment of any
Indebtedness or the performance of any other obligation, including any
conditional sale or other title retention agreement, the interest of a lessor
under a Capital Lease and any financing lease having substantially the same
economic effect as any of the foregoing, and the filing of any financing
statement under the UCC or comparable law of any jurisdiction naming the owner
of the asset to which such Lien relates as debtor.
“Loan Documents” means this Agreement, the Notes, each Letter of Credit and each
certificate, agreement or document executed by a Borrower and delivered to the
Administrative Agent or any Lender in connection with or pursuant to any of the
foregoing.
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“Loans” means all Revolving Loans, all Swing Loans and all Letter of Credit
Loans.
“Local Time” means, with respect to any Loan denominated, or any payment to be
made, in Dollars, New York City time, and with respect to any Loan denominated,
or any payment to be made, in an Alternate Currency, the local time in the
Principal Financial Center for such Alternate Currency.
“Margin Regulations” means, collectively, Regulations T, U and X, as from time
to time in effect, and any regulation replacing the same, of the Board of
Governors of the Federal Reserve System, or any successor thereto.
“Material Adverse Change” means a material adverse change in any of (a) the
business, condition (financial or otherwise), operations or properties of the
U.S. Borrower and its Subsidiaries taken as a whole, (b) the legality, validity
or enforceability of any Loan Document, (c) the ability of the Borrowers to
repay the Obligations or to perform their respective obligations under the Loan
Documents or (d) the rights and remedies of the Administrative Agent or the
Lenders under the Loan Documents.
“Material Adverse Effect” means an effect that results in or causes, or could
reasonably be expected to result in or cause, a Material Adverse Change.
“Material Subsidiary” means (i) any Subsidiary of the U.S. Borrower that is a
Borrower or (ii) any Subsidiary of the U.S. Borrower from time to time in which
the U.S. Borrower has an Investment, direct or indirect, of at least $50,000,000
(excluding Investments by such Subsidiary in other Subsidiaries in the form of
Stock or Stock Equivalents), which Subsidiaries on the Effective Date are listed
on Schedule IV hereto.
“Merrill” means Merrill Lynch, Pierce, Fenner & Smith Incorporated, a Delaware
corporation.
“Moody's” means Moody's Investors Service, Inc., or any successor by merger or
consolidation to its business.
“Multiemployer Plan” of any Person means a multiemployer plan, as defined in
Section 4001(a)(3) of ERISA, and which is a defined benefit plan, to which such
Person or any of its ERISA Affiliates is making or accruing an obligation to
make contributions, or has within any of the preceding five plan years made or
accrued an obligation to make contributions.
“Multiple Employer Plan” of any Person means a single employer plan, as defined
in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of such
Person or any of its ERISA Affiliates and at least one Person other than such
Person and its ERISA Affiliates or (b) was so maintained and in respect of which
such Person or any of its ERISA Affiliates could have liability under
Section 4064 or Section 4069 of ERISA in the event such plan has been or were to
be terminated.
“Net Consolidated Interest Expense” means, for any period, Consolidated interest
expense for such period less the sum of (x) amortization of debt discount and
premium for such period and (y) Interest Income for such period.
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“New Commitment Acceptance” means a New Commitment Acceptance executed and
delivered by a New Lender, and accepted by the Administrative Agent, in
accordance with Section 9.07 and in substantially the form of Exhibit C-3
hereto.
“New Lender” means, for purposes of Sections 2.06(b), 2.15(c) and 9.07(c), an
Eligible Assignee, approved by the Administrative Agent and the Issuing Banks
(which approval shall not be unreasonably withheld), that the U.S. Borrower has
requested to become a Lender hereunder pursuant to said Section 2.06(b) or
2.15(c).
“Non-Consenting Lender” means any Lender that does not approve any consent,
waiver or amendment that (i) requires the approval of all affected Lenders in
accordance with the terms of Section 9.01 and (ii) has been approved by the
Required Lenders.
“Non-Defaulting Lender” means, at any time, a Lender that is not a Defaulting
Lender.
“Non-Recurring Items” means, to the extent reflected in the determination of net
income for any period, provisions for restructuring, discontinued operations,
special reserves or other similar charges, including write-downs or write-offs
of assets (other than write-downs resulting from foreign currency translations).
“Note” means a Revolving Loan Note.
“Notice of Issuance” has the meaning specified in Section 3.04(a).
“Notice of Revolving Loan Borrowing” has the meaning specified in
Section 3.01(a).
“Obligations” means principal of and interest on the Loans made by each Lender
to, and the Notes held by each Lender of, each Borrower or Swing Line Borrower
and all other amounts from time to time owing (including without limitation with
respect to any Letters of Credit) to the Lenders or the Administrative Agent by
any Borrower or any Swing Loan Borrower under this Agreement pursuant hereto, to
its Euro Borrower Designation or its Swing Loan Borrower Designation, as
applicable, and under the Notes, in each case strictly in accordance with the
terms hereof.
“OFAC” means the United States Department of the Treasury's Office of Foreign
Assets Control.
“Other Taxes” has the meaning specified in Section 2.12(b).
“Overdraft Advance Interest Rate” means the rate of interest applicable to
Overdraft Advances as set forth in the Overdraft Documents.
“Overdraft Advances” has the meaning specified in Section 3.03(f).
“Overdraft Documents” means the documents, agreements and instruments from time
to time governing the Overdraft Facility, as the same may be amended,
supplemented or otherwise modified from time to time.
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“Overdraft Facility” has the meaning specified in Section 3.03(f).
“Parent Company” means, with respect to a Lender, the bank holding company (as
defined in Federal Reserve Board Regulation Y), if any, that is the direct or
indirect parent of such Lender, and/or any Person owning, beneficially or of
record, directly or indirectly, a majority of the Stock of such Lender.
“Participating Member State” means each state so described in any EMU
Legislation.
“Participation Agreement” means a loan participation agreement in substantially
the form of Exhibit C-2 hereto.
“Patriot Act” has the meaning specified in Section 9.16.
“PBGC” means the Pension Benefit Guaranty Corporation or any successor.
“Permit” means any permit, approval, authorization, license, variance or
permission required from a Governmental Authority under an applicable
Requirement of Law.
“Person” means an individual, partnership, corporation (including a business
trust), joint stock company, trust, unincorporated association, limited
liability company, joint venture or other entity, or a government or any
political subdivision or agency thereof.
“Plan” means a Single Employer Plan or a Multiple Employer Plan.
“Principal Financial Center” means, in the case of any Currency, the principal
financial center of the country of issue of such Currency, as determined by the
Administrative Agent.
“property” or “properties” means any right or interest in or to property of any
kind whatsoever, whether real, personal or mixed and whether tangible or
intangible.
“Public Debt Rating” means, as of any date, the lowest rating that has been most
recently announced by either S&P or Moody's, as the case may be, for any class
of long‑term senior unsecured, non-credit enhanced debt issued by the Borrowers.
For purposes of the foregoing:
(a)if no Public Debt Rating shall be available from either S&P or Moody's, the
Applicable Margin and the Applicable Percentage will be set in accordance with
Level 5 under the definition of “Applicable Margin” or “Applicable Percentage”,
as the case may be;

(b)if only one of S&P and Moody's shall have in effect a Public Debt Rating, the
Applicable Margin and the Applicable Percentage shall be determined by reference
to the available rating;

(c)in the event the Facility receives, at any time, (a) Public Debt Ratings that
are one ratings grade apart, for purposes of determining a rating level defined
by an “or”, the applicable rating to determine the rates or margins above shall
be the higher of such Public Debt Ratings, or (b) Public Debt Ratings that are
greater than two ratings grades apart, the applicable

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Public Debt Rating to determine the rates or margins above shall be the Public
Debt Rating that is one grade higher than the lowest Public Debt Rating of the
Public Debt Ratings obtained for that period of determination; and

(d)if any rating established by S&P or Moody's shall be changed, such change
shall be effective as of the date on which such change is first announced
publicly by the rating agency making such change.

“Quarterly Dates” means the first Business Day of each April, July, October and
January, commencing on the first such date to occur after the Effective Date.
“Receivable” means a right to receive payment arising from the sale or lease of
goods or services by a Person to another Person.
“Receivables Transaction” means any transaction or series of transactions that
may be entered into by the U.S. Borrower or any of its Subsidiaries pursuant to
which the U.S. Borrower or any of its Subsidiaries may directly or indirectly
sell, convey or otherwise transfer Receivables to another Person, or may grant a
security interest in, any Receivables of the U.S. Borrower or any of its
Subsidiaries, and any assets related thereto including, without limitation, all
collateral securing such Receivables, proceeds of such Receivables and other
assets which are customarily transferred or in respect of which security
interests are customarily granted in connection with asset securitization
transactions involving Receivables.
“Reference Banks” means Citibank and BofA.
“Register” has the meaning specified in Section 9.07(d).
“Reimbursement Date” has the meaning specified in Section 3.04(g).
“Reimbursement Obligations” means all matured reimbursement or repayment
obligations of the Borrowers to any Issuing Bank with respect to amounts drawn
under Letters of Credit.
“Release” means, with respect to any Person, any release, spill, emission,
leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching
or migration, in each case, of any Contaminant into the indoor or outdoor
environment or into or out of any property owned by such Person, including the
movement of Contaminants through or in the air, soil, surface water, ground
water or property.
“Required Lenders” means Lenders having more than 50% of the aggregate amount of
the Commitments or, if the Commitments shall have terminated, Lenders holding
more than 50% of the sum of (a) the aggregate unpaid principal amount of the
Loans plus (b) the aggregate Available Amount of all Letters of Credit
(computed, in the case of Loans denominated in an Alternate Currency and Letters
of Credit denominated in Euros, as the Dollar Equivalent thereof, as determined
by the Administrative Agent); provided that, for purposes hereof, neither any
Borrower, nor any of its Affiliates, if a Lender, shall be included in (i) the
Lenders holding such amount of the Loans or Available Amount of Letters of
Credit or having such amount of the Commitments or (ii) determining the
aggregate unpaid principal amount of the Loans or Available Amount of Letters of
Credit or the total Commitments. For purposes of this definition, (i) the
Available Amount of each Letter of Credit and the outstanding amount of each
Swing
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Loan and Letter of Credit Loan shall be considered to be owed to the Lenders
ratably according to the amounts of their respective Revolving Loan Notes and
Commitments (less, in the case of any Lender which is a Defaulting Lender as a
result of a breach of its obligations under Section 3.03(c) or 3.04(b), the
amount in respect of which such Lender is in default) and (ii) the unused
Commitment of any Defaulting Lender shall be disregarded in determining Required
Lenders at any time in accordance with the second paragraph of Section 9.01.
“Remedial Action” means all actions required to (a) clean up, remove, treat or
in any other way address any Contaminant in the indoor or outdoor environment,
(b) prevent the Release or threat of Release or minimize the further Release so
that a Contaminant does not migrate or endanger or threaten to endanger public
health or welfare or the indoor or outdoor environment or (c) perform
pre‑remedial studies and investigations and post‑remedial monitoring and care.
“Requirement of Law” means, with respect to any Person, the common law and all
federal, state, local and foreign laws, rules and regulations, orders,
judgments, decrees and other determinations of any Governmental Authority or
arbitrator, 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 Loan” means a Dollar Revolving Loan or a Euro Revolving Loan.
“Revolving Loan Borrowing” means a borrowing consisting of simultaneous
Revolving Loans of the same Type made by each of the Lenders pursuant to
Section 2.01(a).
“Revolving Loan Note” means a promissory note of a Borrower payable to the order
of any Lender, in substantially the form of Exhibit A‑1 hereto, evidencing the
aggregate indebtedness of such Borrower to such Lender resulting from the
Revolving Loans made by such Lender to such Borrower.
“Revolving Loan Outstandings” means, at any time, the then aggregate outstanding
principal amount of all Revolving Loans (which shall be, in the case of
Revolving Loans denominated in a Currency other than Dollars, the Dollar
Equivalent thereof at such time).
“S&P” means Standard & Poor's Ratings Services, a division of The McGraw-Hill
Companies, Inc., or any successor by merger or consolidation to its business.
“Sanctioned Country” means a country subject to a sanctions program identified
on the list maintained by OFAC and available at
http://www.treas.gov/offices/enforcement/ofac/programs/index.shtml or any
successor website thereto, or as otherwise published from time to time.
“Sanctioned Person” means (i) a person named on the list of Specially Designated
Nationals or Blocked Persons maintained by OFAC and available at
http://www.treas.gov/offices/enforcement/ofac/sdn/index.shtml or any successor
website thereto, or as otherwise published from time to time, or (ii) (A) an
agency of the government of a Sanctioned Country, (B) an organization controlled
by a Sanctioned Country, or (C) a person resident in a Sanctioned Country, to
the extent subject to a sanctions program administered by OFAC.
“SEC” means the United States Securities and Exchange Commission.
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“Single Employer Plan” of any Person means a single employer plan, as defined in
Section 4001(a)(15) of ERISA, that (a) is maintained for employees of such
Person or any of its ERISA Affiliates and no Person other than such Person and
its ERISA Affiliates or (b) was so maintained and in respect of which such
Person or any of its ERISA Affiliates could have liability under Section 4069 of
ERISA in the event such plan has been or were to be terminated.
“SPC” has the meaning specified in Section 9.07(a).
“Standby Letter of Credit” means any Letter of Credit that is not a Documentary
Letter of Credit.
“Stock” means shares of capital stock (whether denominated as common stock or
preferred stock), beneficial, partnership or membership interests,
participations or other equivalents (regardless of how designated) of or in a
corporation, partnership, limited liability company or equivalent entity,
whether voting or non‑voting.
“Stock Equivalent” means all securities convertible into or exchangeable for
Stock and all warrants, options or other rights to purchase or subscribe for any
Stock, whether or not presently convertible, exchangeable or exercisable.
“Subsidiary” of any Person means any corporation, partnership, limited liability
company, joint venture, trust or estate of which more than 50% of (a) the issued
and outstanding capital stock having ordinary voting power to elect a majority
of the board of directors of such corporation (irrespective of whether at the
time capital stock of any other class or classes of such corporation shall or
might have voting power upon the occurrence of any contingency), (b) the
interest in the capital or profits of such partnership, limited liability
company or joint venture or (c) the beneficial interest in such trust or estate
is at the time directly or indirectly owned or controlled by such Person, by
such Person and one or more of its other Subsidiaries or by one or more of such
Person's other Subsidiaries.
“Swing Loan” shall have the meaning assigned to such term in Section 2.03.
“Swing Loan Base Rate” means, for any amount in an Alternate Currency, for any
day the rate of interest per annum equal to the higher of (i) the rate of
interest per annum at which overnight deposits in the Alternate Currency, in an
amount approximately equal to the amount with respect to which such rate is
being determined, would be offered for such day by the Swing Loan Lender's local
branch to major banks in the local market or other applicable offshore interbank
market, and (ii) the cost of funds to the Swing Loan Lender's local branch with
respect to such amount for such day, expressed as a rate of interest per annum.
“Swing Loan Borrower” means each of the U.S. Borrower, FMC Finance B.V., FMC
Foret, S.A. and any Foreign Subsidiary (i) designated a “Swing Loan Borrower”
for purposes of this Agreement by the U.S. Borrower in a written notice in
substantially the form of Exhibit D-2 hereto (each, a “Swing Loan Borrower
Designation” and each Swing Loan Borrower designated thereby, a “Designated
Borrower”), (ii) accepted as same by the Administrative Agent and the Swing Loan
Lender and (iii) joining this Agreement and the other Loan Documents pursuant to
documentation satisfactory to the Administrative Agent and the Swing Loan
Lender.
“Swing Loan Borrower Designation” has the meaning specified in the definition of
“Swing Loan Borrower”.
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“Swing Loan Borrowing” means a borrowing consisting of a Swing Loan made by the
Swing Loan Lender.
“Swing Loan Commitment” means (i) the Dollar Equivalent of the amount set forth
opposite each Swing Loan Lender's name on Schedule II hereto or (ii) if such
Lender has entered into one or more Acceptances, the Dollar Equivalent of the
amount set forth for such Lender in the Register as being its Swing Loan
Commitment; and the Swing Loan Commitments shall, in the aggregate, not exceed
the Swing Loan Sublimit, as such amount may be increased or reduced as provided
in Section 2.06 or as otherwise expressly provided in this Agreement.
“Swing Loan Lender” means BofA, Citi and any other Lender that agrees, with the
approval of the Administrative Agent and the U.S. Borrower, to act as the Swing
Loan Lender hereunder, in each case, in its capacity as the Swing Loan Lender
hereunder. Swing Loans shall be made, and payments in respect of any Swing Loan
shall be made, to each applicable Swing Loan Lender based on such Swing Loan
Lender's Swing Loan Commitment.
“Swing Loan Request” shall have the meaning assigned to such term in Section
3.03(a).
“Swing Loan Sublimit” means $50,000,000.
“Syndication Agent” means BofA, as Syndication Agent.
“Taxes” has the meaning specified in Section 2.12(a).
“Termination Date” of any Lender means the date five (5) years after the
Effective Date (as the same may be extended or changed pursuant to
Section 2.06(b), 2.15 or 9.07(a)(vi)) or, if earlier, the date of termination in
whole of the Commitments pursuant to the second sentence of Section 2.06(a),
pursuant to Section 2.10(b) or pursuant to Section 7.01.
“Total Commitments” means $1,500,000,000, as such amount may be increased or
reduced as provided in Section 2.06 or as otherwise expressly provided in this
Agreement.
“Total Outstandings” means, at any time, the sum of (i) the Revolving Loan
Outstandings, (ii) the Dollar Equivalent of the principal amount of the Swing
Loans outstanding at such time and (iii) the Letter of Credit Obligations
outstanding at such time, provided, however, that for purposes of determining
Total Outstandings at any time, the outstanding principal amount of Swing Loans
shall be deemed to be $50,000,000 unless the Administrative Agent has received a
certificate from the Swing Loan Borrowers and the Swing Loan Lender (A)
certifying the aggregate Dollar Equivalent amount of currently outstanding Swing
Loans and the maximum amount (but less than $50,000,000) that may be borrowed as
Swing Loans and (B) undertaking that (1) no future Swing Loans will be requested
or made in excess of such maximum amount without the provision to the
Administrative Agent by the Swing Loan Borrowers and the Swing Loan Lender of a
bring-down certification of the aggregate amount of outstanding Swing Loans and
a different maximum amount (but less than $50,000,000) that may be borrowed as
Swing Loans, in which case the outstanding principal amount of the Swing Loans
shall be deemed to be the amount set forth in the foregoing certificate or
bring-down certificate, as applicable, and (2) the Swing Loan Lender shall not
change its conversion rates with respect to the Alternate Currencies on which
the Swing Loans are denominated without providing written notice to the
Administrative Agent.
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“Treaty on European Union” means the Treaty of Rome of March 25, 1957, as
amended by the Single European Act 1986 and the Maastricht Treaty (which was
signed at Maastricht on February 7, 1992, and came into force on November 1,
1993), as amended from time to time.
“Type” means a Base Rate Loan or a Eurocurrency Rate Loan.
“UCC” has the meaning specified in Section 7.02(e)(ii).
“Unused Commitments” means, at any time, the aggregate amount of the Commitments
then unused and outstanding after deducting the Total Outstandings.
“U.S. Borrower” has the meaning specified in the recital of parties to this
Agreement.
“Voting Stock” means capital stock issued by a corporation or equivalent
interests in any other Person, the holders of which are ordinarily, in the
absence of contingencies, entitled to vote for the election of directors (or
persons performing similar functions) of such Person, even though the right to
so vote has been suspended by the happening of such contingency.
“Wholly-Owned Subsidiary” of any Person means any Subsidiary of such Person 100%
of the Voting Stock of which (other than directors' qualifying shares or other
shares held to satisfy legal or regulatory requirements) are directly or
indirectly owned by such Person, or by one or more Wholly-Owned Subsidiaries of
such Person, or by such Person and one or more Wholly-Owned Subsidiaries of such
Person.
“Withdrawal Liability” has the meaning specified in Part 1 of Subtitle E of
Title IV of ERISA.
SECTION 1.02    Computation of Time Periods. In this Agreement in the
computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including” and the words “to” and “until” each
means “to but excluding” and the word “through” means “to and including.”

SECTION 1.03    Accounting Terms and Principles.

(a)Except as set forth below, all accounting terms not specifically defined
herein shall be construed in conformity with GAAP and all accounting
determinations required to be made pursuant hereto (including for purpose of
measuring compliance with Section 6.01 shall, unless expressly otherwise
provided herein, be made in conformity with GAAP.
(b)If any change in the accounting principles used in the preparation of the
most recent Financial Statements referred to in Section 6.02(a) is hereafter
required or permitted by the rules, regulations, pronouncements and opinions of
the Financial Accounting Standards Board or the American Institute of Certified
Public Accountants (or any successors thereto) and such change is adopted by the
U.S. Borrower with the agreement of the Borrowers' Accountants and results in a
change in any of the calculations required by Article V (Representations and
Warranties or Section 6.01 had such accounting change not occurred, for purposes
of the

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calculation of such covenants and the definitions related thereto, such
calculation shall be made using GAAP as used by the U.S. Borrower in its
December 31, 2010 financial statements.

(c)Notwithstanding any other provision contained herein, all terms of an
accounting or financial nature used herein shall be construed and all
computations of amounts and ratios referred to in Article VI (Covenants of the
Company) shall be made, without giving effect to any election under Accounting
Standards Codification 825-10 (or any other Financial Accounting Standard having
a similar result or effect) to value any Indebtedness or other liabilities of
any Borrower or any Subsidiary of the any Borrower at “fair value”.

SECTION 1.04    Certain Terms.

(a)The terms “herein,” “hereof” and “hereunder” and similar terms refer to this
Agreement as a whole, and not to any particular Article, Section, subsection or
clause in, this Agreement.

(b)Unless otherwise expressly indicated herein, (i) references in this Agreement
to an Exhibit, Schedule, Article, Section, clause or sub-clause refer to the
appropriate Exhibit or Schedule to, or Article, Section, clause or sub-clause in
this Agreement and (ii) the words “above” and “below”, when following a
reference to a clause or a sub-clause of any Loan Document, refer to a clause or
sub-clause within, respectively, the same Section or clause.
(c)Each agreement defined in this Article I shall include all appendices,
exhibits and schedules thereto. Unless the prior written consent of the Required
Lenders is required hereunder for an amendment, restatement, supplement or other
modification to any such agreement and such consent is not obtained, references
in this Agreement to such agreement shall be to such agreement as so amended,
restated, supplemented or modified.

(d)References in this Agreement to any statute shall be to such statute as
amended or modified from time to time and to any successor legislation thereto,
in each case as in effect at the time any such reference is operative.

(e)The term “including” when used in any Loan Document means “including without
limitation” except when used in the computation of time periods.

(f)The terms “Lender,” “Issuing Bank” and “Administrative Agent” include,
without limitation, their respective successors.
ARTICLE II

AMOUNTS AND TERMS OF THE LOANS

SECTION 2.01    The Revolving Loans.

(a)Each Lender severally agrees, on the terms and conditions hereinafter set
forth, to make Revolving Loans (i) denominated in Dollars to the U.S. Borrower
(each, a “Dollar Revolving Loan”) and (ii) denominated in Dollars or Euros to
the Euro Borrowers (each a “Euro Revolving Loan”, and collectively with any
Dollar Revolving Loans, the “Revolving Loans”) from time to time on any Business
Day during the period from the Effective Date until the

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Termination Date of such Lender in an aggregate amount as to all Borrowers not
to exceed at any time outstanding the amount of such Lender's Commitment.

(b)Anything in this Agreement to the contrary notwithstanding, the Total
Outstandings shall (1) not on the date of any extension of credit under this
Agreement nor on the last day of an Interest Period for any outstanding
Borrowing exceed the Total Commitments or (2) not on the last Business Day of
any week exceed 103% of the Total Commitments.

(c)Each Revolving Loan Borrowing shall be in an aggregate amount of not less
than the Dollar Equivalent of $1,000,000 and integral multiples of the Dollar
Equivalent of $500,000 in excess thereof or, in the case of Eurocurrency Rate
Loans denominated in Euros, the Dollar Equivalent thereof (or, if less, an
aggregate amount equal to the then remaining Unused Commitments of the Lenders
participating in such Borrowing, as applicable).

(d)Each Revolving Loan Borrowing shall (subject to Section 2.09(d)) consist of
Revolving Loans of the same Type in the same Currency made on the same day by
the Lenders ratably according to their respective Commitments.

(e)Within the limits set forth above and subject to Section 2.16, each Borrower
may from time to time borrow, repay pursuant to Section 2.07 or prepay pursuant
to Section 2.10 and reborrow under this Section 2.01.

(f)Each Lender may, at its option, make any Revolving Loan available to any Euro
Borrower by causing any foreign or domestic branch or Affiliate of such Lender
to make such Revolving Loan; provided that any exercise of such option shall not
affect the obligation of such Euro Borrower to repay such Revolving Loan in
accordance with the terms of this Agreement. Each reference to any  Lender shall
be deemed to include any of such Lender's Affiliates which make Revolving Loans;
provided that no such Lender shall be relieved of its obligations hereunder
until such Lender's Affiliates have actually performed such Lender's
obligations.  Notwithstanding the foregoing, the Euro Borrowers and the
Administrative Agent shall be permitted to deal solely and directly with, and
may rely conclusively on, such Lender in connection with such Lender's rights
and obligations under this Agreement

(g)An initial Borrowing from a Lender to any Dutch Borrower and any amount
transferred to a new Lender in relation to a Loan or Commitment made to any
Dutch Borrower shall be at least €50,000 (or its equivalent in another currency)
or any other amount that will from time to time be applicable under section 3(2)
under a and/or b of the Dutch Decree on Definitions Wft, or, if it is less, the
Lender or such new Lender (as the case may be) shall confirm in writing to such
Dutch Borrower that it is a “professional market party” within the meaning of
the Dutch Financial Supervision Act, as amended from time to time.

SECTION 2.02    [Intentionally Deleted].

SECTION 2.03    The Swing Loans.

On the terms and subject to the conditions contained in this Agreement, each
Swing Loan Lender severally agrees to make loans (each, a “Swing Loan”) to a
Swing Loan Borrower from time to time on any Business Day during the period from
the date hereof until the Termination Date. Such Swing Loans shall be
denominated in any Alternate Currency (to the extent acceptable to each Swing
Loan Lender) and in an aggregate principal amount as to all
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Borrowers not to exceed at any time outstanding the lesser of the Dollar
Equivalent of (i) the Swing Loan Commitments and (ii) the then Unused
Commitments of Lenders having Termination Dates falling on or after the proposed
maturity date of such Swing Loan. Each Swing Loan must be paid in full upon any
Revolving Loan Borrowing by a Swing Loan Borrower hereunder and shall in any
event mature no later than the Termination Date. Within the limits set forth in
the first sentence of this Section 2.03, amounts of Swing Loans repaid may be
reborrowed under this Section 2.03. Each Swing Loan Lender may, at its option,
make any Swing Loan available to any Swing Loan Borrower by causing any foreign
or domestic branch or Affiliate of such Swing Loan Lender to make such Swing
Loan; provided that any exercise of such option shall not affect the obligation
of such Swing Loan Borrower to repay such Swing Loan in accordance with the
terms of this Agreement.
SECTION 2.04    The Letters of Credit.

On the terms and subject to the conditions contained in this Agreement,
$300,000,000 of the Facility is available (the “Letter of Credit Sublimit”) for
the issuance of letters of credit, in Dollars or Euros, for the account of the
U.S. Borrower or a Euro Borrower (the “Letter of Credit Sub-Facility”), and each
Issuing Bank agrees to Issue at the request of one or more Borrowers one or more
letters of credit (each a “Letter of Credit”) from time to time on any Business
Day during the period commencing on the Effective Date and ending on or before
the day that is 30 days prior to the Termination Date; provided, however, that
no Letter of Credit will have a termination date that is later than 30 days
prior to the Termination Date, nor will any such Letter of Credit have a term
longer than one calendar year after the date of issuance thereof other than
those letters of credit separately identified on Schedule 2.04 (Existing Letters
of Credit) issued to support IRB Obligations (which letters of credit may have a
term of up to 13 months or up to 18 months as required by such IRB Obligation),
provided, further, that any Letter of Credit may provide for the renewal thereof
for additional one calendar year periods, subject to the immediately preceding
proviso.
SECTION 2.05    Fees.

(a)Facility Fees. The U.S. Borrower agrees to pay to the Administrative Agent
for the account of each Lender a facility fee on the average daily amount
(whether used or unused) of such Lender's Commitment from the Effective Date (in
the case of each Lender), and from the effective date specified in the
Acceptance pursuant to which it became a Lender (in the case of each other
Lender), until the Termination Date of such Lender, payable in Dollars in
arrears on each Quarterly Date during the term of such Lender's Commitment, and
on the Termination Date of such Lender, at a rate per annum equal to the
Applicable Percentage in effect from time to time for facility fees.

(b)Letter of Credit Compensation.

i.The U.S. Borrower agrees to pay to the Administrative Agent for the account of
each Lender a commission on such Lender's pro rata share of the average daily
aggregate Available Amount of (A) all Standby Letters of Credit outstanding from
time to time and (B) all Documentary Letters of Credit outstanding from time to
time, in each case at the Applicable Margin (minus the Applicable Percentage) in
effect from time to time for Eurocurrency Rate Loans, payable in Dollars (the
amount of which commission shall be determined, in the case of the Available
Amount of Letters of Credit denominated in Euros on the basis of the Dollar
Equivalent of such amount on the date

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payable) in arrears quarterly on each Quarterly Date and on the Termination Date
of such Lender, commencing on the first Quarterly Date after the date hereof.

ii.The U.S. Borrower agrees to pay to each Issuing Bank, for its own account,
(x) a fronting fee with respect to each Letter of Credit issued by such Issuing
Bank, payable quarterly in arrears on each Quarterly Date during which such
Issuing Bank has acted in such capacity, and on the scheduled Termination Date
of such Issuing Bank (if such Issuing Bank acted in such capacity up to such
date), in an amount equal to the product of fifteen (15) basis points per annum
of the average daily Available Amount of such Letter of Credit multiplied by the
actual number of days such Letter of Credit was outstanding in such period,
divided by 360, as applicable, which amount shall be payable in Dollars and
calculated based on the Dollar Equivalent of any amount otherwise calculated in
Euros on the date when such amount is payable, and (y) such customary fees and
charges in connection with the issuance or administration of each Letter of
Credit as may be agreed in writing between the U.S. Borrower and such Issuing
Bank from time to time.

(c)Defaulting Lender Fees. Notwithstanding anything in this Agreement to the
contrary, if any Lender is a Defaulting Lender, such Defaulting Lender will not
be entitled to any fees accruing pursuant to clauses (a) and (b) above, in each
case with respect to the entire accrual period with respect to such fees
(without prejudice to the rights of the Non-Defaulting Lenders in respect of
such fees); provided, that (i) to the extent that a ratable portion of the
Letter of Credit Obligations or Swing Loans of such Defaulting Lender has been
reallocated in accordance with Section 2.16(a)(i) to the Non-Defaulting Lenders,
the fees that would have accrued for the benefit of such Defaulting Lender will
instead accrue for the benefit of and be payable to such Non-Defaulting Lenders,
pro rata in accordance with their respective Commitments, and (ii) to the extent
any portion of such Letter of Credit Obligations or Swing Loans cannot be so
reallocated to such Non-Defaulting Lenders, such fees will instead accrue for
the benefit of and be payable to the Issuing Bank and the Swing Loan Lender as
their interests appear (and the pro rata payment provisions of Section 2.11 will
automatically be deemed adjusted to reflect the provisions of this Section
2.05(c)).

(d)Other Fees. The U.S. Borrower agrees to pay to the Administrative Agent such
fees as from time to time may be separately agreed between the U.S. Borrower and
the Administrative Agent.

SECTION 2.06    Reductions and Increases of the Commitments.

(a)Commitment Reductions, Etc.

(i)The Commitment of each Lender shall be automatically reduced to zero on the
Termination Date of such Lender. In addition, the U.S. Borrower shall have the
right, upon at least three Business Days' notice to the Administrative Agent, to
terminate in whole or reduce ratably in part the unused portions of the
respective Commitments of the Lenders, provided that (x) the Total Commitments
shall not be reduced pursuant to this sentence to an amount which is less than
the Total Outstandings, (y) each partial reduction shall be in an aggregate
amount of at least $10,000,000 or any integral multiple of $1,000,000 in excess
thereof and (z) a reduction in the Commitments shall not be allowed if, as a
result thereof, the Commitments would be reduced to an amount which is less than
the sum of the Swing Loan Commitments plus the Letter of

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Credit Sub-Facility. Each Commitment reduction pursuant to this
Section 2.06(a)(i) shall be permanent (subject, however, to the rights of the
U.S. Borrower under Section 2.06(b)).

(ii)The Swing Loan Commitment of the Swing Loan Lender shall be automatically
reduced to zero on the Termination Date of the Swing Loan Lender. In addition, a
Swing Loan Borrower shall have the right, upon at least three Business Days'
notice to the Administrative Agent, to terminate in whole or reduce in part the
unused portion of the Swing Loan Commitment of the Swing Loan Lender, provided
that each partial reduction shall be in an aggregate amount of at least the
Dollar Equivalent $10,000,000. Each Swing Loan Commitment reduction pursuant to
this Section 2.06(a)(ii) shall be permanent (subject, however, to the rights of
the U.S. Borrower under Section 2.06(b)).

(b)Optional Increases of Commitments.

(i)Not more than twice in any calendar year, the U.S. Borrower may propose to
increase the Total Commitments by an aggregate amount of not less than
$25,000,000 or an integral multiple of $10,000,000 in excess thereof (a
“Proposed Aggregate Commitment Increase”) in the manner set forth below,
provided that:

(A)no Default or Event of Default shall have occurred and be continuing either
as of the date on which the U.S. Borrower shall notify the Administrative Agent
of its request to increase the Total Commitments or as of the related Increase
Date (as hereinafter defined); and

(B)after giving effect to any such increase, the Total Commitments shall not
exceed $2,250,000,000 less the amount of any reductions of the Total Commitments
under Section 2.06(a)(i).
(ii)The U.S. Borrower may request an increase in the aggregate amount of the
Commitments by delivering to the Administrative Agent a notice (an “Increase
Notice”, the date of delivery thereof to the Administrative Agent being the
“Increase Notice Date”) specifying (1) the Proposed Aggregate Commitment
Increase, (2) the proposed date (the “Increase Date”) on which the Commitments
would be so increased (which Increase Date may not be fewer than 30 nor more
than 60 days after the Increase Notice Date) and (3) the New Lenders, if any, to
whom the U.S. Borrower desires to offer the opportunity to commit to all or a
portion of the Proposed Aggregate Commitment Increase and which New Lenders, if
any, the U.S. Borrower desires the opportunity to commit to all or a portion of
the Proposed Aggregate Commitment Increase that would increase the Swing Loan
Commitments. The Administrative Agent shall in turn promptly notify each Lender
of the U.S. Borrower's request by sending each Lender a copy of such notice.

(iii)Not later than the date five days after the Increase Notice Date, the
Administrative Agent shall notify each New Lender, if any, identified in the
related Increase Notice of the opportunity to commit to all or any portion of
the Proposed Aggregate Commitment Increase. Each such New Lender may irrevocably
commit to all or a portion of the Proposed Aggregate Commitment Increase,
representing Revolving Commitments, and Swing Line Commitments, as applicable
(such New Lender's

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“Proposed New Commitment”) by notifying the Administrative Agent (which shall
give prompt notice thereof to the U.S. Borrower) before 11:00 A.M. (New York
City time) on the date that is 10 days after the Increase Notice Date; provided
that:

(A)the Proposed New Commitment of each New Lender shall be in an aggregate
amount not less than $10,000,000; and

(B)each New Lender that submits a Proposed New Commitment shall execute and
deliver to the Administrative Agent (for its acceptance and recording in the
Register) a New Commitment Acceptance in accordance with the provisions of
Section 9.07 hereof.

(iv)If the aggregate Proposed New Commitments of all of the New Lenders shall be
less than the Proposed Aggregate Commitment Increase, then (unless the U.S.
Borrower otherwise requests) the Administrative Agent shall, on or prior to the
date that is 15 days after the Increase Notice Date, notify each Lender of
(x) the opportunity to so commit to all or any portion of the Proposed Aggregate
Commitment Increase not committed to by New Lenders pursuant to
Section 2.06(b)(iii) and (y) the then-current Final Termination Date. Each
Lender may, if, in its sole discretion, it elects to do so, irrevocably offer to
commit to all or a portion of such remainder, representing Revolving Commitments
and Swing Line Commitments, as applicable (such Lender's “Proposed Increased
Commitment”), by notifying the Administrative Agent (which shall give prompt
notice thereof to the U.S. Borrower) no later than 11:00 A.M. (New York City
time) on the date five days before the Increase Date. In no event shall any
Lender be obligated to increase its Commitments hereunder.

(v)If the aggregate amount of Proposed New Commitments and Proposed Increased
Commitments (such aggregate amount, the “Total Committed Increase”) equals or
exceeds $25,000,000, then, subject to the conditions set forth in
Section 2.06(b)(i):

(A)effective on and as of the Increase Date, the Total Commitments shall be
increased by the Total Committed Increase (provided that the aggregate amount of
the Commitments shall in no event be increased pursuant to this Section 2.06(b)
to more than $2,250,000,000 less the amount of any reductions of the Total
Commitments under Section 2.06(a)(i)) and shall be allocated among the New
Lenders and the Lenders as provided in Section 2.06(b)(vi);

(B)effective on and as of the Increase Date, the Termination Date of each New
Lender that offers a Proposed New Commitment and of each Increasing Lender shall
be changed to the Final Termination Date (notwithstanding any earlier
Termination Date for such Lender which may then be in effect pursuant to
Section 2.15); and

(C)on the Increase Date, if any Revolving Loans are then outstanding, the
Borrowers shall borrow Revolving Loans from all or certain of the Lenders and/or
(subject to compliance by the U.S. Borrower with Section 9.04(c)) prepay
Revolving Loans of all or certain of the Lenders (other than any Defaulting
Lender) such that, after giving effect thereto, the Revolving Loans (including,
without limitation, the Types, Currencies and Interest Periods thereof) shall be
held

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by the Lenders (including for such purposes New Lenders) ratably in accordance
with their respective Commitments (subject, however, to Section 2.09(d)).

If the Total Committed Increase is less than $25,000,000, then the Total
Commitments shall not be changed.
(vi)The Total Committed Increase shall be allocated among New Lenders having
Proposed New Commitments and Lenders having Proposed Increased Commitments as
follows:

(A)If the Total Committed Increase shall be at least $25,000,000 and less than
or equal to the Proposed Aggregate Commitment Increase, then (x) the initial
Commitment of each New Lender shall be such New Lender's Proposed New Commitment
and (y) the Commitment of each Lender shall be increased by such Lender's
Proposed Increased Commitment.

(B)If the Total Committed Increase shall be greater than the Proposed Aggregate
Commitment Increase, then the Total Committed Increase shall be allocated:

(1)first to New Lenders (to the extent of their respective Proposed New
Commitments) in such a manner as the U.S. Borrower and the Administrative Agent
shall agree; and

(2)then to Lenders (to the extent of their respective Proposed Increased
Commitments, if any) in such a manner as the U.S. Borrower shall determine in
its sole discretion upon consultation with the Administrative Agent and the
Syndication Agent.

(vii)No increase in the Commitments contemplated hereby shall become effective
until the Administrative Agent shall have received (x) Revolving Loan Notes
payable by each of the Borrowers to each New Lender and each Increasing Lender
and (y) evidence satisfactory to the Administrative Agent (including an update
of paragraphs 2 and 4 of the opinion of counsel provided pursuant to
Section 4.01(a)(iv)) that such increases in the Commitments, and Borrowings
thereunder, have been duly authorized.

SECTION 2.07    Repayment.

(a)Revolving Loans. Subject to Section 2.16(a), each Borrower shall repay to the
Administrative Agent for the account of each Lender the principal amount of each
Revolving Loan made by such Lender to such Borrower, and each Revolving Loan
made by such Lender shall mature on the Termination Date of such Lender.

(b)[Intentionally Deleted].

(c)Swing Loans. Each Swing Loan Borrower shall repay to the Administrative Agent
for the account of the Swing Loan Lender, the Dollar Equivalent of the
outstanding principal amount of each Swing Loan to such Swing Loan Borrower on
the earlier of (i) the maturity date specified in the applicable Swing Loan
Request (which maturity shall be no

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later than the tenth Business Day after the requested date of such Borrowing)
and (ii) the Termination Date of the Swing Loan Lender.

(d)Letter of Credit Loans. The Letters of Credit shall be repaid as set forth in
Section 3.04.

(e)Certain Prepayments.

(i)If, as of the last Business Day of any week during the period from the
Effective Date until the Final Termination Date, (1) the sum of (x) the
aggregate amount of all Loans (for which purpose the amount of any Loan that is
denominated in an Alternate Currency shall be deemed to be the Dollar Equivalent
thereof) plus (y) the Available Amount of all Letters of Credit (for which
purpose the Available Amount of any Letter of Credit denominated in an Alternate
Currency shall be deemed to be the Dollar Equivalent thereof as of the date of
determination) exceeds (2) 103% of the then Total Commitments, the
Administrative Agent shall use all reasonable efforts to give prompt written
notice thereof to the U.S. Borrower, specifying the amount to be prepaid under
this clause (i), and the Borrowers shall, within two Business Days of the date
of such notice, prepay the Loans in an amount so that after giving effect
thereto the aggregate outstanding principal amount of the Loans (determined as
aforesaid) plus the Available Amount of all Letters of Credit (determined as
aforesaid) does not exceed the Total Commitments; provided that any such payment
shall be accompanied by any amounts payable under Section 9.04(c).

(ii)If, as of the last Business Day of any week during the period from the
Effective Date until the Final Termination Date, (1) the Dollar Equivalent of
the aggregate outstanding principal balance of Swing Loans exceeds (2) 103% of
the Swing Loan Commitment, the Administrative Agent shall use all reasonable
efforts to give prompt written notice thereof to the Swing Loan Borrowers,
specifying the amount to be prepaid under this clause (ii), and the Swing Loan
Borrowers shall, within two Business Days of the date of such notice, prepay the
Swing Loans in an amount so that after giving effect thereto the aggregate
outstanding principal balance of Swing Loans (determined as aforesaid) does not
exceed the Swing Loan Commitments.

(iii)In addition, if on the last day of any Interest Period the aggregate
outstanding principal amount of the Loans (after giving effect to any Loans
being made to repay Loans maturing on that date) plus the Available Amount of
all Letters of Credit would exceed 100% of the aggregate amount of the
Commitments, the Administrative Agent shall use all reasonable efforts to give
prompt written notice thereof to the U.S. Borrower, specifying the amount to be
prepaid under this clause (iii), and the Borrowers shall, within two Business
Days of the date of such notice, prepay the Loans, or cause Loans to be prepaid,
or reduce the requested Loans in such amounts that after giving effect to such
action the aggregate outstanding principal amount of the Loans (after giving
effect to any Loans being made to repay Loans maturing on that date) plus the
Available Amount of all Letters of Credit does not exceed the aggregate amount
of the Commitments; provided that any such payment shall be accompanied by any
amounts payable under Section 9.04(c).

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(iv)The determinations of the Administrative Agent under this Section 2.07(e)
shall be conclusive and binding on the U.S. Borrower and the other Borrowers in
the absence of manifest error.

(f)If any Lender is a Defaulting Lender, such Defaulting Lender shall be deemed
to have assigned any and all payments in respect of the Obligations due to it
from or for the benefit of any Borrower pursuant to this Section 2.07 to the
Non-Defaulting Lenders for application to, and reduction of, their ratable
portion of all Obligations until such Non-Defaulting Lenders have been repaid in
full. Such Defaulting Lender hereby authorizes the Administrative Agent to
distribute such payments in accordance with Section 2.16(a)(iii). This Section
2.07 shall (i) apply and be effective regardless of whether an Event of Default
has occurred and is continuing and notwithstanding (1) any other provision of
this Agreement to the contrary or (2) any instruction of the U.S. Borrower as to
its desired application of payments and (ii) not be deemed to relieve or
otherwise release any Borrower from any of its Obligations due or owing to any
Lender, including a Defaulting Lender.

SECTION 2.08    Interest.

(a)Ordinary Interest. Each Borrower shall pay interest on the unpaid principal
amount of each Loan made by each Lender to such Borrower, from the date of such
Loan until such principal amount shall be paid in full, at the following rates
per annum and in each case subject to Section 2.16(a)(iii):

(i)Base Rate Loans and Letter of Credit Loans. If such Loan is either a
Revolving Loan or a Letter of Credit Loan which, in each case, bears interest at
the Base Rate, a rate per annum equal at all times to the Base Rate in effect
from time to time plus the Applicable Margin minus the Applicable Percentage,
payable on (A) each Quarterly Date while such Base Rate Loan is outstanding or
(B) the last day of each month during which such Letter of Credit Loan is
outstanding, and in each case, on the date such Base Rate Loan or Letter of
Credit Loan shall be paid in full.

(ii)Swing Loans. If such Loan is a Swing Loan (other than an Overdraft Advance,
for which the rate shall be equal to the Overdraft Advance Interest Rate), a
rate per annum equal at all times to the Swing Loan Base Rate plus the
Applicable Margin (applicable to Eurocurrency Rate Loans) minus the Applicable
Percentage (applicable to Eurocurrency Rate Loans) in effect from time to time,
payable (A) on the first Business Day of each calendar quarter, commencing on
the first such day following the making of such Swing Loan, (B) upon each
payment or prepayment thereof in full or in part and (C) if not previously paid
in full, at maturity (whether by acceleration or otherwise) of such Swing Loan.

(iii)Eurocurrency Rate Loans. If such Loan is a Eurocurrency Rate Loan, a rate
per annum equal at all times during each Interest Period for such Loan to the
sum of the Eurocurrency Rate for such Interest Period plus the Applicable Margin
minus the Applicable Percentage, payable on the last day of such Interest Period
and, if such Interest Period has a duration of more than three months, at
three-month intervals following the first day of such Interest Period.

(b)Default Interest. Upon the occurrence and during the continuance of an Event
of Default that has not been waived, the Administrative Agent may, and upon the
request

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of the Required Lenders shall, require the Borrowers to pay to the fullest
extent permitted by law interest (“Default Interest”) on all outstanding
Obligations at the rate then applicable to Base Rate Loans plus two percentage
points (2%) per annum; provided, however, that following the acceleration of the
Loans and other Oblgiations pursuant to Section 7.01, Default Interest shall
accrue and be payable hereunder whether or not previously required by the
Administrative Agent.

SECTION 2.09    Interest Rate Determinations.

(a)Each Reference Bank agrees to furnish to the Administrative Agent timely
information for the purpose of determining each Eurocurrency Rate and the Swing
Loan Lender agrees to furnish to the Administrative Agent timely information for
the purpose of determining, the Swing Loan Base Rate. If any one or more of the
Reference Banks shall not furnish such timely information to the Administrative
Agent for the purpose of determining any such interest rate, the Administrative
Agent shall determine such interest rate on the basis of timely information
furnished by the remaining Reference Banks.

(b)The Administrative Agent shall give prompt notice to the U.S. Borrower and
the Lenders of the applicable interest rate determined by the Administrative
Agent for purposes of Section 2.08(a)(i), (ii) and (iii), and the applicable
rate, if any, furnished by each Reference Bank for the purpose of determining
any such applicable interest rate.

(c)If prior to 10:00 A.M. (New York City time) on any date on which an interest
rate is to be determined pursuant to the definition of “Eurocurrency Rate”, the
Reuters Screen LIBOR01 Page is unavailable and fewer than two Reference Banks
furnish timely information to the Administrative Agent for determining the
applicable Eurocurrency Rate, then the Administrative Agent shall so notify the
U.S. Borrower of such circumstances, whereupon the right of the Borrowers to
select Eurocurrency Rate Loans for any requested Revolving Loan Borrowing or any
subsequent Revolving Loan Borrowing shall be suspended until the first date on
which the circumstances causing such suspension cease to exist. If the Borrowers
shall not, in turn, before 11:00 A.M. (New York City time) on such date notify
the Administrative Agent that a Notice of Revolving Loan Borrowing with respect
to such Eurocurrency Rate shall be converted to a Notice of Revolving Loan
Borrowing for a Eurocurrency Rate Loan in a different Currency or a Base Rate
Loan, such Notice of Revolving Loan Borrowing shall be deemed to be canceled and
of no force or effect, and the U.S. Borrower shall not be liable to the
Administrative Agent or any Lender with respect thereto except as set forth in
Section 3.01(c). In the event of such a suspension, the Administrative Agent
shall review the circumstances giving rise to such suspension at least weekly
and shall notify the U.S. Borrower and the Lenders promptly of the end of such
suspension, and thereafter the Borrowers shall be entitled, on the terms and
subject to the conditions set forth herein, to borrow Eurocurrency Rate Loans
and Swing Loans in such Currency.

(d)Notwithstanding anything in this Agreement to the contrary, no Lender whose
Termination Date falls prior to the last day of any Interest Period for any
Eurocurrency Rate Loan (a “Relevant Lender”) shall participate in such Loan.
Without limiting the generality of the foregoing, no Relevant Lender shall
(i) participate in a Borrowing of any Eurocurrency Rate Loan having an initial
Interest Period ending after such Lender's Termination Date, (ii) have any
outstanding Eurocurrency Rate Loan continued for a subsequent Interest Period if
such subsequent Interest Period would end after such Lender's Termination Date
or (iii) have any outstanding Base Rate Loan Converted into a Eurocurrency Rate
Loan if such Eurocurrency Rate Loan would have an initial Interest Period ending
after such Lender's Termination Date. If any

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Relevant Lender has outstanding a Eurocurrency Rate Loan that cannot be
continued for a subsequent Interest Period pursuant to clause (ii) above or has
outstanding a Base Rate Loan that cannot be Converted into a Eurocurrency Rate
Loan pursuant to clause (iii) above, such Lender's ratable share of such
Eurocurrency Rate Loan (in the case of said clause (ii)) shall be repaid by the
relevant Borrower on the last day of its then current Interest Period and such
Lender's ratable share of such Base Rate Loan (in the case of said clause (iii))
shall be repaid by the relevant Borrower on the day on which the Loans of
Lenders unaffected by said clause (iii) are so Converted. Subject to the terms
and conditions of this Agreement, the Borrowers may fund the repayment of the
Relevant Lenders' ratable shares of such Eurocurrency Rate Loans and Base Rate
Loans by borrowing from Lenders hereunder that are not Relevant Lenders.

SECTION 2.10    Prepayments.

(a)The Borrowers shall have no right to prepay any principal amount of any
Revolving Loan or Swing Loan other than as provided in subsection (b) below.

(b)Each Borrower may without premium or penalty, (i) upon at least the number of
Business Days' prior notice specified in the first sentence of Section 3.01(a)
with respect to any Revolving Loan of the same Type, (ii) upon notice by no
later than 11:00 AM (London time) one Business Day prior to the date of
prepayment of any Swing Loan in any case given to the Administrative Agent
stating the proposed date and aggregate principal amount of the prepayment, and
if such notice is given, such Borrower shall, prepay the outstanding principal
amounts of the Loans made to such Borrower comprising part of the same Revolving
Loan Borrowing or Swing Loan Borrowing, as the case may be, in whole or ratably
in part, together with accrued interest to the date of such prepayment on the
principal amount prepaid; provided, however, that (x) each partial prepayment
(other than any prepayment of any Swing Loan) shall be in an aggregate principal
amount not less than $1,000,000 or an integral multiple of $500,000 in excess
thereof (or the Foreign Currency Equivalent of such respective amounts in the
case of Loans denominated in an Alternate Currency) and (y) if any prepayment of
any Eurocurrency Rate Loans shall be made on a date which is not the last day of
an Interest Period for such Loans (or on a date which is not the maturity date
of such Swing Loans), such Borrower shall also pay any amounts owing to each
Lender pursuant to Section 9.04(c) so long as such Lender makes written demand
upon such Borrower therefor (with a copy of such demand to the Administrative
Agent) within 20 Business Days after such prepayment.

SECTION 2.11    Payments and Computations.

(a)All payments of principal of and interest on each Loan in a particular
Currency shall be made in such Currency.
(b)(i)    All payments of principal of and interest on the Loans and all other
amounts whatsoever payable by a Borrower under this Agreement and the Notes
shall be made in immediately available funds, without deduction, setoff or
counterclaim, to the Administrative Agent's Account for the relevant Currency,
not later than 11:00 A.M. (New York City time) (in the case of amounts payable
in Dollars) or 11:00 A.M. Local Time in the location of the Administrative
Agent's Account (in the case of amounts payable in an Alternate Currency), on
the day when due.
(ii)The Administrative Agent will promptly thereafter cause to be distributed
like funds relating to the payment of principal or interest or fees ratably
(other

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than amounts payable pursuant to Section 2.09(d), 2.12, 2.15(c) or 3.05 or as
contemplated by Section 2.05(c) or 2.16) to the Lenders entitled thereto for the
account of their respective Applicable Lending Offices, and like funds relating
to the payment of any other amount payable to any Lender to such Lender for the
account of its Applicable Lending Office, in each case to be applied in
accordance with the terms of this Agreement.
(iii)Upon its acceptance of an Acceptance and recording of the information
contained therein in the Register pursuant to Section 9.07(d), from and after
the effective date specified in such Acceptance the Administrative Agent shall
make all payments hereunder and under the Notes in respect of the interest
assigned or assumed thereby to the Lender assignee or New Lender thereunder (as
the case may be). The parties to each Assignment and Acceptance shall make all
appropriate adjustments in such payments for periods prior to such effective
date directly between themselves.

(c)All computations of interest based on the Base Rate (other than if the Base
Rate is computed on the basis of the Federal Funds Rate) and of facility fees
and letter of credit commission shall be made by the Administrative Agent on the
basis of a year of 365 or 366 days, as the case may be, and all computations of
interest based on the Eurocurrency Rate, the Swing Loan Rate or the Base Rate
based on the Federal Funds Rate shall be made by the Administrative Agent on the
basis of a year of 360 days, and all computations of utilization fees shall be
as specified in Section 2.05(d), in each case for the actual number of days
(including the first day but excluding the last day) occurring in the period for
which such interest or fees are payable. Each determination by the
Administrative Agent of an interest rate hereunder shall be conclusive and
binding for all purposes, absent manifest error.

(d)Whenever any payment hereunder or under the Notes shall be stated to be due
on a day other than a Business Day, such payment shall be made on the next
succeeding Business Day, and such extension of time shall in such case be
included in the computation of payment of interest, facility fee or, letter of
credit commission, as the case may be; provided, however, if such extension
would cause payment of interest on or principal of Eurocurrency Rate Loans to be
made in the next following calendar month, such payment shall be made on the
next preceding Business Day.

(e)Unless the Administrative Agent shall have received notice from a Borrower
prior to the date on which any payment is due to the Lenders hereunder that such
Borrower will not make such payment in full, the Administrative Agent may assume
that such Borrower has made such payment in full to the Administrative Agent on
such date and the Administrative Agent may, in reliance upon such assumption,
cause to be distributed to each relevant Lender on such due date an amount equal
to the amount then due such Lender. If and to the extent that such Borrower
shall not have so made such payment in full to the Administrative Agent, each
such Lender shall repay to the Administrative Agent forthwith on demand such
amount distributed to such Lender together with interest thereon, for each day
from the date such amount is distributed to such Lender until the date such
Lender repays such amount to the Administrative Agent, at the Federal Funds
Rate.

(f)Anything in Section 2.07 or 2.08 to the contrary notwithstanding, and without
prejudice to Section 2.08(b) or 7.01(a), if any Borrower shall fail to pay any
principal or interest denominated in an Alternate Currency within one Business
Day after the due date therefor in the case of principal and three Business Days
after the due date therefor in the case of

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interest (without giving effect to any acceleration of maturity under
Article VII (Events of Default)), the amount so in default shall automatically
be redenominated in Dollars on the day one Business Day after the due date
therefor in the case of a principal payment and three Business Days after the
due date therefor in the case of an interest payment in an amount equal to the
Dollar Equivalent of such principal or interest.

(g)If any Lender is a Defaulting Lender, such Defaulting Lender shall be deemed
to have assigned any and all payments in respect of the Obligations subject to
Section 2.11 due to it from and for the benefit of the Borrowers to the
Non-Defaulting Lenders for application to, and reduction of, the Non-Defaulting
Lenders' ratable portion of all Obligations until such Non-Defaulting Lenders
have been repaid in full. Each Defaulting Lender hereby authorizes the
Administrative Agent to distribute such payments in accordance with Section
2.16(a)(iii). This Section 2.11(g) shall (i) apply at any time such Lender is a
Defaulting Lender and be effective regardless of whether an Event of Default has
occurred or is continuing and notwithstanding (1) any other provision of this
Agreement to the contrary or (2) any instruction of the U.S. Borrower as to its
desired application of payments and (ii) not be deemed to relieve or otherwise
release any Borrower from any of its Obligations due or owing to any Lender,
including a Defaulting Lender.

SECTION 2.12    Taxes.
(a)Any and all payments by each Borrower under the Loan Documents shall be made
free and clear of and without deduction for any and all present or future taxes,
levies, imposts, deductions, charges or withholdings, and all liabilities with
respect thereto, excluding, in the case of each Lender and the Administrative
Agent, taxes imposed on or measured by its net income (including alternative
minimum taxable income), and franchise taxes imposed on it, by any jurisdiction
under the laws of which such Person is organized or in which such Person is
resident or doing business, or any political subdivision thereof (all such
non‑excluded taxes, levies, imposts, deductions, charges, withholdings and
liabilities being hereinafter referred to as “Taxes”). If any Borrower shall be
required by law to deduct any Taxes from or in respect of any sum payable under
the Loan Documents to any such Person, (i) the sum payable shall be increased as
may be necessary so that after making all required deductions (including
deductions applicable to additional sums payable under this Section 2.12) such
Person receives an amount equal to the sum it would have received had no such
deductions been made, (ii) such Borrower shall make such deductions and
(iii) such Borrower shall pay the full amount deducted to the relevant
Governmental Authority or other authority in accordance with applicable law.
(b)In addition, each Borrower agrees to pay any present or future stamp or
documentary taxes or any other excise or property taxes, charges or similar
levies which arise from any payment made hereunder or under the Notes or from
the execution, delivery or registration of, or otherwise with respect to, this
Agreement, the Notes or the other Loan Documents (hereinafter referred to as
“Other Taxes”).
(c)Each Borrower will indemnify each Lender and the Administrative Agent for the
full amount of Taxes or Other Taxes (including, without limitation, any Taxes or
Other Taxes imposed by any jurisdiction on amounts payable under this
Section 2.12) paid by such Lender or the Administrative Agent (as the case may
be) with respect to Loans to such Borrower and any liability (including, without
limitation, penalties, additions to tax, interest and expenses) arising
therefrom or with respect thereto, whether or not such Taxes or Other Taxes were
correctly or legally asserted; provided, however, that (i) no Borrower shall be
liable to any

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Person, as the case may be, for any liability arising from or with respect to
Taxes or Other Taxes, which results from the gross negligence or willful
misconduct of such Lender or the Administrative Agent, as the case may be,
(ii) so long as no Event of Default has occurred and is continuing, such Lender
or the Administrative Agent, as applicable, shall use its reasonable best
efforts (all at the expense of such Borrower) to cooperate with each Borrower in
contesting any Taxes or Other Taxes which such Borrower reasonably deems to be
not correctly or legally asserted or otherwise not due and owing and (iii) no
Borrower shall be liable to such Lender or the Administrative Agent, as the case
may be, for any such liability if such Person fails to make written demand for
indemnification therefor within 120 days of receiving notice of the existence
such liability. This indemnification shall be made within 30 days from the date
such Lender or the Administrative Agent (as the case may be) makes written
demand therefor. This subsection shall not be construed to require the
Administrative Agent or any Lender to make available its tax returns (or any
other information relating to its taxes that it deems confidential) to any
Borrower or any Person.
(d)Within 30 days after the date of any payment of Taxes by a Borrower, such
Borrower will furnish to the Administrative Agent, at its address referred to in
Section 9.02, the original or a certified copy of a receipt evidencing payment
thereof.
(e)(i)    Each Lender organized under the laws of a jurisdiction outside the
United States, on or prior to the date of its execution and delivery of this
Agreement in the case of each Lender and on the date of the Acceptance pursuant
to which it becomes a Lender in the case of each other Lender, on or before the
date that such form expires or becomes obsolete or after the occurrence of any
event within the control of such Lender (including a change in Applicable
Lending Office but not including a change in law) requiring a change in the most
recent form so delivered by it, and from time to time thereafter if reasonably
requested in writing by the U.S. Borrower, shall provide (but only to the extent
such Lender is lawfully able to provide) the U.S. Borrower and the
Administrative Agent with either Internal Revenue Service form W‑8BEN or W-8ECI,
as appropriate, or any successor form prescribed by the Internal Revenue
Service, certifying in the case of form W-8BEN that such Lender is either
(i) entitled to benefits under an income tax treaty to which the United States
is a party that reduces the rate of withholding tax on payments under this
Agreement or (ii) a Portfolio Interest Eligible Non-Bank (as defined below) or
certifying in the case of form W-8ECI that the income receivable pursuant to
this Agreement is effectively connected with the conduct of a trade or business
in the United States. If the form provided by a Lender at the time such Lender
first becomes a party to this Agreement indicates a United States interest
withholding tax rate in excess of zero (or if such Lender cannot provide at such
time such form because it is not entitled to reduced withholding under a treaty
and the payments are not effectively connected income), withholding tax at such
rate (or at the then existing U.S. statutory rate if the Lender cannot provide
such a form) shall be considered excluded from “Taxes” as defined in
Section 2.12(a) unless and until such Lender provides the appropriate form
certifying that a zero rate applies, whereupon withholding tax at such zero rate
only shall be considered excluded from Taxes for periods governed by such form;
provided, however, that, if at the date of the Assignment and Acceptance
pursuant to which a Lender assignee becomes a party to this Agreement, the
Lender assignor was in compliance with the provisions of Section 9.07(h) and was
entitled to payments under Section 2.12(a) in respect of United States
withholding tax with respect to interest paid at such date, then, to such
extent, the term “Taxes” shall include (in addition to withholding taxes that
may be imposed in the future or other amounts otherwise includable in Taxes)
United States interest withholding tax, if any, applicable with respect to the
Lender assignee on such date. If any form or document referred to

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in this Section 2.12(e) requires the disclosure of information, other than
information necessary to compute the tax payable and information required on the
date hereof by Internal Revenue Service form W‑8BEN or W-8ECI, that the relevant
Lender reasonably considers to be confidential, such Lender shall give notice
thereof to the U.S. Borrower and the Administrative Agent and shall not be
obligated to include in such form or document such confidential information. For
purposes of this paragraph (e) the term “Portfolio Interest Eligible Non-Bank”
means a Lender that certifies in form and substance reasonably satisfactory to
the U.S. Borrower and the Administrative Agent that (i)  it is not a bank within
the meaning of Code section 881(c)(3)(A), (ii) it is not a 10% shareholder of
any Borrower within the meaning of Code section 881(c)(3)(B) and (iii) it is not
a controlled foreign corporation related to any Borrower within the meaning of
Code section 881(c)(3)(C).

(ii)In addition, upon the reasonable request of the U.S. Borrower (through the
Administrative Agent) on behalf of any Borrower that is not a U.S. Borrower,
each Lender will use all reasonable efforts to provide to such Borrower (if it
can do so without material cost to such Lender) such forms, certifications of
tax residency or other documentation as may be requested by such Borrower in
order to cause interest on Loans to such Borrower, to the fullest extent
permitted by applicable law, to be subject to a reduced rate of withholding
under the laws of the jurisdiction of organization of such Borrower or under any
income tax treaty to which the jurisdiction of the Borrower is a party; and if
any such form, certification of tax residency or document requires the
disclosure of information, other than information necessary to compute the tax
payable and information required on the date hereof, that the relevant Lender
considers to be confidential, such Lender shall give notice thereof to the U.S.
Borrower and shall not be obligated to include in such form or document such
confidential information.

Such forms, certifications of tax residency or other documentation delivered
pursuant to this Section 2.12(e) as requested by any Borrower shall be
periodically renewed if it is required under the law of the jurisdiction of
organization of such Borrower.
(f)For any period with respect to which a Person that is required pursuant to
Section 2.12(e) to provide a Borrower with any documentation described therein
but has failed to provide a Borrower with such documentation or notice that it
cannot provide such form, certification of tax residency or other documentation
(other than if such failure is due to a change in law occurring subsequent to
the date on which a form or other documentation originally was required to be
provided, or if such form or other documentation otherwise is not required under
the first sentence of subsection (e) above), such Person shall not be entitled
to indemnification under Section 2.12(a) with respect to Taxes to the extent
such forms, certifications of tax residency or other documents would prevent the
imposition thereof; provided, however, that should a Lender become subject to
Taxes because of its failure to deliver a form, certification of tax residency
or other documentation required hereunder, the relevant Borrower shall take such
steps as the Lender shall reasonably request to assist the Lender to recover
such Taxes.

(g)Any Lender claiming any additional amounts payable pursuant to this
Section 2.12 shall use reasonable efforts (consistent with its internal policy
and legal and regulatory restrictions) to change the jurisdiction of its
Applicable Lending Office if the making of such a change would avoid the need
for, or reduce the amount of, any such additional amounts that may thereafter
accrue and would not, in the reasonable judgment of such Lender, be otherwise
disadvantageous to such Lender.

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(h)Notwithstanding any contrary provisions of this Agreement, in the event that
a Lender that originally provided such form, certification of tax residency or
other documentation as may be required under Section 2.12(e) thereafter ceases
to qualify for complete exemption from withholding tax, such Lender may assign
its interest under this Agreement to any Eligible Assignee and such assignee
shall be entitled to the same benefits under this Section 2.12 as the assignor
provided that the rate of withholding tax applicable to such assignee shall not
exceed the rate then applicable to the assignor.

(i)Without prejudice to the survival of any other agreement of the Borrowers
hereunder, the agreements and obligations of the Borrowers contained in this
Section 2.12 shall survive the payment in full of principal and interest
hereunder and under the Notes and the termination of the Commitments.

(j)If a Borrower is required to pay any Lender any Taxes under Section 2.12(c),
such Lender shall be an “Affected Person”, and the U.S. Borrower shall have the
rights set forth in Section 3.08 to replace such Affected Person.

SECTION 2.13    Sharing of Payments, Etc. If any Lender shall obtain any payment
(whether voluntary, involuntary, through the exercise of any right of set‑off,
or otherwise) on account of the Revolving Loans, the Swing Loans or the Letter
of Credit Loans made by it (other than as expressly provided herein) in excess
of its ratable share of payments on account of the Revolving Loans, the Swing
Loans or the Letter of Credit Loans obtained by all such Lenders, such Lender
shall forthwith purchase from such other Lenders such participations in the
Revolving Loans, the Swing Loans or the Letter of Credit Loans made by them as
shall be necessary to cause such purchasing Lender to share the excess payment
ratably with each of them, provided, however, that, if all or any portion of
such excess payment is thereafter recovered from such purchasing Lender, such
purchase from each Lender shall be rescinded and such Lender shall repay to the
purchasing Lender the purchase price to the extent of such recovery together
with an amount equal to such Lender's ratable share (according to the proportion
of (i) the amount of such Lender's required repayment to (ii) the total amount
so recovered from the purchasing Lender) of any interest or other amount paid or
payable by the purchasing Lender in respect of the total amount so recovered.
Each Borrower agrees that any Lender so purchasing a participation from another
Lender pursuant to this Section 2.13 may, to the fullest extent permitted by
law, exercise all its rights of payment (including the right of set‑off) with
respect to such participation as fully as if such Lender were the direct
creditor of such Borrower in the amount of such participation.

SECTION 2.14    Conversion or Continuation of Revolving Loans.

(a)Each Borrower may elect (i) at any time on any Business Day to Convert Base
Rate Loans or any portion thereof to Eurocurrency Rate Loans or (ii) at the end
of any applicable Interest Period, to Convert Eurocurrency Rate Loans
denominated in Dollars or any portion thereof into Base Rate Loans or to
Continue Eurocurrency Rate Loans or any portion thereof for an additional
Interest Period; provided, however, that the aggregate amount of the
Eurocurrency Rate Loans Converted or Continued for each Interest Period must be
in the amount of at least $5,000,000 or an integral multiple of $1,000,000 in
excess thereof. Each Conversion or Continuation shall be allocated among the
Revolving Loans of each Lender in accordance with such Lender's pro rata share.
Subject to clause (b) below, each such election shall be in substantially the
form of Exhibit B-2 (Form of Notice of Conversion or Continuation) (a “Notice of
Conversion or Continuation”) and shall be made by giving the Administrative
Agent (x) in the

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case of a Continuation or Conversion into Eurocurrency Rate Loans, at least
three Business Days' prior written notice, and (y) in the case of a Conversion
into Base Rate Loans, at least one Business Day's prior written notice, in each
case, specifying (A) the amount and Type of Revolving Loan being Converted or
Continued, (B) in the case of a Conversion to or a Continuation of Eurocurrency
Rate Loans, the applicable Interest Period and (C) in the case of a Conversion,
the date of Conversion (which date shall be a Business Day and, if a Conversion
from Eurocurrency Rate Loans, shall also be the last day of the applicable
Interest Period).

(b)The Administrative Agent shall promptly notify each Lender of its receipt of
a Notice of Conversion or Continuation and of the options selected therein.
Notwithstanding the foregoing, no Conversion in whole or in part of Base Rate
Loans to Eurocurrency Rate Loans, and no Continuation in whole or in part of
Eurocurrency Rate Loans upon the expiration of any applicable Interest Period,
shall be permitted at any time at which (A) a Default or an Event of Default
shall have occurred and be continuing or (B) the Continuation of, or Conversion
into, a Eurocurrency Rate Loan would violate any provision of Section 2.09, 3.05
or 3.06. If, within the time period required under the terms of this Section
2.14, the Administrative Agent does not receive a Notice of Conversion or
Continuation from the applicable Borrower containing a permitted election to
Continue any Eurocurrency Rate Loans for an additional Interest Period or to
Convert any such Revolving Loans, then, upon the expiration of the applicable
Interest Period, such Revolving Loans, if denominated in Dollars, shall be
automatically Converted to Base Rate Loans and such Revolving Loans, if
denominated in Euros, shall be automatically Continued as Eurocurrency Rate
Loans with an interest period of one month (or if consented by all Lenders,
seven days). Each Notice of Conversion or Continuation shall be irrevocable.

SECTION 2.15    Extension of Termination Date.

(a)The U.S. Borrower may, by notice to the Administrative Agent (which shall
promptly notify the Lenders) not less than 40 days and not more than 60 days
prior to each of the first and second anniversaries of the Effective Date (each
anniversary, an “Anniversary Date”), request that each Lender extend such
Lender's Termination Date to the date (the “New Termination Date”) that is one
year after the then Final Termination Date. Each Lender, acting in its sole
discretion, shall, by written notice to the Administrative Agent given no later
than the date (the “Consent Date”) that is 20 days prior to the relevant
Anniversary Date (provided that, if such date is not a Business Day, the Consent
Date shall be the next succeeding Business Day), advise the Administrative Agent
as to:

(i)whether or not such Lender agrees to such extension of its Termination Date
(each Lender so agreeing to such extension being an “Extending Lender”); and

(ii)only if such Lender is an Extending Lender, whether or not such Lender also
irrevocably offers to increase the amount of its Commitment (each Lender so
offering to increase its Commitment being an “Increasing Lender” as well as an
Extending Lender) and, if so, the amount of the additional Commitment such
Lender so irrevocably offers to assume hereunder (such Lender's “Proposed
Additional Commitment”).

Each Lender that determines not to extend its Termination Date (a “Non-Extending
Lender”) shall notify the Administrative Agent (which shall notify the Lenders)
of such fact promptly after
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such determination but in any event no later than the Consent Date, and any
Lender that does not advise the Administrative Agent in writing on or before the
Consent Date shall be deemed to be a Non‑Extending Lender and (without limiting
the U.S. Borrower's rights under Section 2.15(c)) shall have no liability to the
U.S. Borrower in connection therewith. The election of any Lender to agree to
such extension shall not obligate any other Lender to so agree. The
Administrative Agent shall notify the U.S. Borrower of each Lender's
determination under this Section 2.15(a) no later than the date 15 days prior to
the relevant Anniversary Date (or, if such date is not a Business Day, on the
next preceding Business Day).
(b)(i)    If all of the Lenders are Extending Lenders, then, effective as of the
Consent Date, the Termination Date of each Lender shall be extended to the New
Termination Date, and the respective Commitments of the Lenders will not be
subject to change at such Consent Date pursuant to this Section 2.15.
(ii)If and only if the sum of (x) the aggregate amount of the Commitments of the
Extending Lenders plus (y) the aggregate amount of the Proposed Additional
Commitments of the Increasing Lenders (such sum, the “Extending Commitments”)
shall be equal to at least 50% of the then Total Commitments, then:
(A)effective as of the Consent Date, the Termination Date of each Extending
Lender shall be extended to the New Termination Date;

(B)the U.S. Borrower shall (so long as no Default shall have occurred and be
continuing) have the right, but not the obligation, to take either of the
following actions with respect to each Non-Extending Lender during the period
commencing on the Consent Date and ending on the immediately succeeding
Anniversary Date:

(1)the U.S. Borrower may elect by notice to the Administrative Agent and such
Non-Extending Lender that the Termination Date of such Non-Extending Lender be
changed to a date (which date shall be specified in such notice) on or prior to
such immediately succeeding Anniversary Date (and, upon the giving of such
notice, the Termination Date of such Non-Extending Lender shall be so changed);
or

(2)the U.S. Borrower may replace such Non-Extending Lender as a party to this
Agreement in accordance with Section 2.15(c); and

(C)the Administrative Agent shall notify the Issuing Banks and the Swing Loan
Lender of the New Termination Date and the Lenders whose Termination Dates are
the New Termination Date and each Issuing Bank and the Swing Loan Lender shall
determine whether or not, acting in its sole discretion, it shall elect to
extend its Termination Date to the New Termination Date and shall so notify the
Administrative Agent. If such Issuing Bank or the Swing Loan Lender, as the case
may be, has elected to so extend its Termination Date, then such Issuing Bank's
obligation to issue Letters of Credit pursuant to Sections 2.04 and 3.04 shall
be extended to the date that is 30 days prior to the New Termination Date and/or
the Swing Loan Lender's obligation to make Swing Loans to the Borrowers pursuant
to

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Sections 2.03 and 3.03 shall be extended to the date that is 15 Business Days
prior to the New Termination Date.

(iii)If neither of the conditions specified in clause (i) or clause (ii) of this
Section 2.15(b) is satisfied, then neither the Termination Date nor the
Commitment of any Lender will change pursuant to this Section 2.15 on such
Consent Date, and the U.S. Borrower will not have the right to take any of the
actions specified in Section 2.15(b)(ii)(2).

(c)Replacement by the U.S. Borrower of Non-Extending Lenders pursuant to
Section 2.15(b)(ii)(B)(2) shall be effected as follows (certain terms being used
in this Section 2.15(c) having the meanings assigned to them in Section 2.15(d))
on the relevant Assignment Date:

(i)the Assignors shall severally assign and transfer to the Assignees, and the
Assignees shall severally purchase and assume from the Assignors, all of the
Assignors' rights and obligations (including, without limitation, the Assignors'
respective Commitments) hereunder and under the Notes;

(ii)each Assignee shall pay to the Administrative Agent, for account of the
Assignors, an amount equal to such Assignee's Share of the aggregate outstanding
principal amount of the Loans then held by the Assignors;

(iii)the U.S. Borrower shall pay to the Administrative Agent, for account of the
Assignors, all accrued interest, fees and other amounts (other than principal of
outstanding Loans) then due and owing to the Assignors by the U.S. Borrower
hereunder (including, without limitation, payments due such Assignors, if any,
under Sections 2.12, 3.05 and 9.04(c)); and

(iv)the U.S. Borrower shall pay to the Administrative Agent for account of the
Administrative Agent the $3,500 processing and recordation fee for each
assignment effected pursuant to this Section 2.15(c).

The assignments provided for in this Section 2.15(c) shall be effected on the
relevant Assignment Date in accordance with Section 9.07 and pursuant to one or
more Assignments and Acceptances. After giving effect to such assignments, each
Assignee shall have a Commitment hereunder (which, if such Assignee was a Lender
hereunder immediately prior to giving effect to such assignment, shall be in
addition to such Assignee's existing Commitment) in an amount equal to the
amount of its Assumed Commitment representing a Commitment. Upon any such
termination or assignment, such Assignor shall cease to be a party hereto but
shall continue to be obligated under Section 8.05 and be entitled to the
benefits of Section 9.04, as well as to any fees and other amounts accrued for
its account under Section 2.05, 2.12 or 3.05 and not yet paid.
(d)For purposes of this Section 2.15 the following terms shall have the
following meanings (such meanings to be equally applicable to both the singular
and plural forms of the terms defined):

“Assigned Commitments” means the Commitments of Non-Extending Lenders to be
replaced pursuant to Section 2.15(b)(ii)(2)(Y).
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“Assignees” means, at any time, Increasing Lenders and, if the Assigned
Commitments exceed the aggregate amount of the Proposed Additional Commitments,
one or more New Lenders.
“Assignment Date” means the Anniversary Date or such earlier date as shall be
acceptable to the U.S. Borrower, the relevant Assignors, the relevant Assignees
and the Administrative Agent.
“Assignors” means, at any time, the Lenders to be replaced by the U.S. Borrower
pursuant to Section 2.15(b)(ii)(2)(Y).
The “Assumed Commitment” of each Assignee shall be determined as follows:
(a)    If the aggregate amount of the Proposed Additional Commitments of all of
the Increasing Lenders shall exceed the aggregate amount of the Assigned
Commitments, then (i) the amount of the Assumed Commitment of each Increasing
Lender shall be equal to (x) the aggregate amount of the Assigned Commitments
multiplied by (y) a fraction, the numerator of which is equal to such Increasing
Lender's Commitment as then in effect and the denominator of which is the
aggregate amount of the Commitments of all Increasing Lenders as then in effect;
and (ii) no New Lender shall become a Lender hereunder pursuant to
Section 2.15(c).
(b)    If the aggregate amount of the Proposed Additional Commitments of all of
the Increasing Lenders shall be less than or equal to the aggregate amount of
the Assigned Commitments, then: (i) the amount of the Assumed Commitment of each
Increasing Lender shall be equal to such Increasing Lender's Proposed Additional
Commitment; and (ii) the excess, if any, of the aggregate amount of the Assigned
Commitments over the aggregate amount of the Proposed Additional Commitments
shall be allocated among New Lenders in such a manner as the U.S. Borrower and
the Administrative Agent may agree.
“Share” means, as to any Assignee, a fraction the numerator of which is equal to
such Assignee's Assumed Commitment and the denominator of which is the aggregate
amount of the Assumed Commitments of all the Assignees.
SECTION 2.16    Defaulting Lender.

(a)Reallocation of Defaulting Lender Commitments. If a Lender becomes, and
during the period it remains, a Defaulting Lender, the following provisions
shall apply:

(i)in the case of each Defaulting Lender, the ratable portion of such Defaulting
Lender with respect to any such outstanding Obligations will, subject to the
limitation in the first proviso below, automatically be reallocated (effective
on the date such Lender becomes a Defaulting Lender) among the Lenders that are
Non-Defaulting Lenders pro rata in accordance with such Non-Defaulting Lenders'
respective Commitments; provided, that (A) the sum of each Non-Defaulting
Lender's ratable portion of the Total Outstandings may not in any event exceed
the Commitment of such Non-Defaulting Lender as in effect at the time of such
reallocation and (B) neither such

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reallocation nor any payment by a Non-Defaulting Lender pursuant thereto will
constitute a waiver or release of any claim any Borrower, the Administrative
Agent, any Issuing Bank, any Swing Loan Lender or any other Lender may have
against such Defaulting Lender, or cause such Defaulting Lender to be a
Non-Defaulting Lender;

(ii)in the case of each Defaulting Lender, to the extent that any portion (the
“unreallocated portion”) of the ratable portion of such Defaulting Lender with
respect to any such outstanding and future Letter of Credit Obligations and
Swing Loans cannot be so reallocated, whether by reason of the first proviso in
clause (i) above or otherwise, the U.S. Borrower will, not later than 5 Business
Days after demand by the Administrative Agent (at the direction of the Issuing
Banks and/or the Swing Loan Lender, as the case may be), (A) Cash Collateralize
(pursuant to procedures similar to those detailed in Section 7.02 and reasonably
acceptable to the Administrative Agent) the Obligations of the Borrowers to the
Issuing Banks and the Swing Loan Lender in respect of such Obligations or (B)
make other arrangements reasonably satisfactory to the Administrative Agent, and
to the Issuing Banks and the Swing Loan Lender, as the case may be, in their
reasonable discretion, to protect them against the risk of non-payment by such
Defaulting Lender; and

(iii)in the case of each Defaulting Lender, any amount paid by the U.S. Borrower
for the account of such Defaulting Lender under this Agreement (whether on
account of principal, interest, fees, indemnity payments or other amounts) will
not be paid or distributed to such Defaulting Lender, but will instead be
retained by the Administrative Agent in a segregated, non-interest bearing
account until (subject to Section 2.05(c)) the termination of the Commitments
and payment in full of all the Obligations 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 Lender to the Administrative
Agent under this Agreement, second to the payment of any amounts owing by such
Defaulting Lender to any Issuing Bank or any Swing Loan Lender (pro rata as to
the respective amounts owing to each of them) under this Agreement, third to the
payment of post-default interest and then current interest due and payable to
the Lenders hereunder other than Defaulting Lenders, ratably among them in
accordance with the amounts of such interest then due and payable to them,
fourth to the payment of fees then due and payable to the Non-Defaulting Lenders
hereunder, ratably among them in accordance with the amounts of such fees then
due and payable to them, fifth to pay principal and Reimbursement Obligations in
respect of the Letters of Credit at such time then due and payable to the
Non-Defaulting Lenders hereunder ratably in accordance with the amounts thereof
then due and payable to them, sixth to the ratable payment of other amounts then
due and payable to the Non-Defaulting Lenders, seventh after the termination of
the Commitments and payment in full of all the Obligations, to pay amounts owing
under this Agreement to such Defaulting Lender or as a court of competent
jurisdiction may otherwise direct.

(b)Cash Collateral Call. If any Lender becomes, and during the period it
remains, a Defaulting Lender, if any Letter of Credit is at the time
outstanding, the Issuing Banks may (except, in the case of a Defaulting Lender,
to the extent the Commitments have been fully reallocated pursuant to Section
2.16(a)), by notice to the Borrowers and such Defaulting Lender through the
Administrative Agent, require any Borrower (i) to deposit in a cash collateral
account

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maintained by the Administrative Agent an amount at least equal to 105% of the
aggregate amount of the unreallocated obligations (contingent or otherwise) of
such Defaulting Lender to be applied pro rata in respect thereof, or (ii) to
make other arrangements satisfactory to the Administrative Agent, and to the
Issuing Banks, as the case may be, in their sole discretion to protect them
against the risk of non-payment by such Defaulting Lender.

(c)Right to Give Drawdown Notices. In furtherance of the foregoing, if any
Lender becomes, and during the period it remains, a Defaulting Lender, and the
applicable Borrower fails to Cash Collateralize (pursuant to procedures similar
to those detailed in Section 7.02 and reasonably acceptable to the
Administrative Agent) or prepay its obligations in respect of Letter of Credit
Obligations or Swing Loans within 5 Business Days after demand by the
Administrative Agent pursuant to this Section 2.16, any Issuing Bank or Swing
Loan Lender is hereby authorized by the Borrowers (which authorization is
irrevocable and coupled with an interest) to give, in its discretion, through
the Administrative Agent, Notices of Borrowing pursuant to Section 3.01 in such
amounts and in such times as may be required to (i) pay matured Reimbursement
Obligations, (ii) repay an outstanding Swing Loan, and/or (iii) Cash
Collateralize (pursuant to procedures similar to those detailed in Section 7.02
and reasonably acceptable to the Administrative Agent) the Obligations of the
applicable Borrower in respect of Letters of Credit Obligations or Swing Loans
in an amount at least equal to the aggregate amount of the obligations
(contingent or otherwise) of such Defaulting Lender in respect of such Letter of
Credit or Swing Loan.

(d)Termination of Defaulting Lender Commitments. The U.S. Borrower may terminate
the unused amount of the Commitment of a Defaulting Lender upon not less than 10
Business Days' prior notice to the Administrative Agent (who will promptly
notify the Lenders thereof), and in such event the provisions of Section 2.11
will apply to all amounts thereafter paid by the U.S. Borrower for the account
of such Defaulting Lender under this Agreement (whether on account of principal,
interest, fees, indemnity or other amounts); provided, that such termination
will not be deemed to be a waiver or release of any claim the Borrower, the
Administrative Agent, the Issuing Banks, the Swing Loan Lenders or any Lender
may have against such Defaulting Lender.

(e)Cure. If the U.S. Borrower, Administrative Agent, the Issuing Banks and the
Swing Loan Lenders, as applicable, agree in writing in their discretion that a
Lender that is a Defaulting Lender should no longer be deemed to be a Defaulting
Lender, 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 (which may include arrangements with respect
to any amounts then held in the segregated account referred to in Section
2.16(a)), such Lender will, to the extent applicable, purchase such portion of
outstanding Loans of the other Lenders and/or make such other adjustments as the
Administrative Agent may determine to be necessary to cause such Lender's
ratable portion to be on a pro rata basis in accordance with their respective
Commitment, whereupon such Lender will cease to be a Defaulting Lender and will
become a Non-Defaulting Lender; provided, that no adjustments will be made
retroactively with respect to fees accrued or payments made by or on behalf of
the Borrowers while such Lender was a Defaulting Lender; and provided, further,
that except to the extent otherwise expressly agreed by the affected parties, no
change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute
a waiver or release of any claim of any party hereunder arising from such Lender
having been a Defaulting Lender.

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(f)Non-Defaulting Lender. Notwithstanding the foregoing, the occurrence of any
Lender becoming a Defaulting Lender shall not relieve any other Lender of its
obligations to make such Loan or payment on any date required under this
Agreement and no other Lender shall be responsible for the failure of any
Defaulting Lender to make any Loan or payment required under this Agreement.

ARTICLE III

MAKING THE LOANS AND ISSUING THE LETTERS OF CREDIT

SECTION 3.01    Making the Revolving Loans.

(a)Each Revolving Loan Borrowing shall be made on notice, given not later than
(x) 12:00 noon (New York City time) on the third Business Day prior to the date
of a Eurocurrency Rate Loan Borrowing, and (y) 11:00 A.M. (New York City time)
on the day of a Base Rate Loan Borrowing, by the U.S. Borrower (on its own
behalf and on behalf of any Euro Borrower) to the Administrative Agent, which
shall give to each Lender prompt notice thereof by telecopier. Each notice of a
Revolving Loan Borrowing (a “Notice of Revolving Loan Borrowing”) shall be made
in writing, or orally and confirmed immediately in writing, by telecopier, telex
or cable, in substantially the form of Exhibit B‑1 hereto, specifying therein
the requested (i) date of such Revolving Loan Borrowing (which shall be a
Business Day), (ii) Currency and Type of Revolving Loan comprising such
Revolving Loan Borrowing, (iii) aggregate amount of such Revolving Loan
Borrowing, (iv) in the case of a Revolving Loan Borrowing comprised of
Eurocurrency Rate Loans, the Interest Period for each such Revolving Loan, and
(v) the name of the Borrower (which shall be the U.S. Borrower or a Euro
Borrower). Each Lender shall (A) before 11:00 A.M. Local Time on the date of
such Borrowing (in the case of a Eurocurrency Rate Loan Borrowing) and
(B) before 1:00 P.M. (New York City time) on the date of such Borrowing (in the
case of a Base Rate Loan Borrowing), make available for the account of its
Applicable Lending Office to the Administrative Agent at the Administrative
Agent's Account for the relevant Currency in same day funds, such Lender's
ratable portion of such Borrowing. After the Administrative Agent's receipt of
such funds and upon fulfillment of the applicable conditions set forth in
Article IV (Conditions of Lending), the Administrative Agent will make such
funds available to the relevant Borrower in such manner as the Administrative
Agent and the U.S. Borrower may agree; provided, however, that the
Administrative Agent shall first make a portion of such funds equal to the
aggregate principal amount of any Swing Loan and Letter of Credit Loans as to
which a Borrower has received timely notice made by the Swing Loan Lender or the
Issuing Banks, as the case may be, and by any other Lender and outstanding on
the date of such Revolving Loan Borrowing, plus interest accrued and unpaid
thereon to and as of such date, available to the Swing Loan Lender or the
relevant Issuing Banks, as the case may be, and such other Lenders for repayment
of such Swing Loans and Letter of Credit Loans.

(b)Anything in subsection (a) above to the contrary notwithstanding, the U.S.
Borrower may not select Eurocurrency Rate Loans for any Revolving Loan Borrowing
if the aggregate amount of such Revolving Loan Borrowing is less than $1,000,000
or the Foreign Currency Equivalent thereof.
(c)Subject to Sections 2.09(c) and 3.06, each Notice of Revolving Loan Borrowing
shall be irrevocable and binding on the U.S. Borrower and the relevant Borrower.
In the case of any Revolving Loan Borrowing by a Borrower which the related
Notice of Revolving

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Loan Borrowing specifies is to be comprised of Eurocurrency Rate Loans, such
Borrower shall indemnify each relevant Lender against any loss, cost or expense
incurred by such Lender as a result of any failure to fulfill on or before the
date specified in such Notice of Revolving Loan Borrowing for such Revolving
Loan Borrowing the applicable conditions set forth in Article IV (Conditions of
Lending), including, without limitation, any loss (excluding loss of anticipated
profits), cost or expense incurred by reason of the liquidation or reemployment
of deposits or other funds acquired by such Lender to fund the Revolving Loan to
be made by such Lender as part of such Revolving Loan Borrowing when such
Revolving Loan, as a result of such failure, is not made on such date.

(d)Unless the Administrative Agent shall have received notice from a Lender
prior to the time any Revolving Loan Borrowing is required to be made that such
Lender will not make available to the Administrative Agent such Lender's ratable
portion of such Revolving Loan Borrowing, the Administrative Agent may assume
that such Lender has made such portion available to the Administrative Agent on
the date of such Revolving Loan Borrowing in accordance with subsection (a) of
this Section 3.01 and the Administrative Agent may, in reliance upon such
assumption, make available to the relevant Borrower on such date a corresponding
amount. If and to the extent that such Lender shall not have so made such
ratable portion available to the Administrative Agent, such Lender and the
relevant Borrower severally agree to repay to the Administrative Agent forthwith
on demand such corresponding amount together with interest thereon, for each day
from the date such amount is made available to such Borrower until the date such
amount is repaid to the Administrative Agent, at (i) in the case of such
Borrower, the interest rate applicable at the time to Revolving Loans comprising
such Revolving Loan Borrowing and (ii) in the case of such Lender, the Federal
Funds Rate, provided that such Borrower retains its rights against such Lender
with respect to any damages it may incur as a result of such Lender's failure to
fund, and notwithstanding anything herein to the contrary, in no event shall
such Borrower be liable to such Lender or any other Person for the interest
payable by such Lender to the Administrative Agent pursuant to this sentence. If
such Lender shall repay to the Administrative Agent such corresponding amount,
such amount so repaid shall constitute such Lender's Revolving Loan as part of
such Revolving Loan Borrowing for purposes of this Agreement.

(e)The failure of any Lender to make the Revolving Loan to be made by it as part
of any Revolving Loan Borrowing shall not relieve any other Lender of its
obligation, if any, hereunder to make its Revolving Loan on the date of such
Revolving Loan Borrowing, but no Lender shall be responsible for the failure of
any other Lender to make the Revolving Loan to be made by such other Lender on
the date of any Revolving Loan Borrowing.

SECTION 3.02    [Intentionally Deleted].
SECTION 3.03    Making the Swing Loans, Etc.

(a)In order to request a Swing Loan, a Swing Loan Borrower shall telecopy (or
forward by electronic mail or similar means) to the Swing Loan Lender a duly
completed request in substantially the form of Exhibit E (Form of Swing Loan
Request), setting forth the requested amount, currency and date of such Swing
Loan (a “Swing Loan Request”), to be received by the Swing Loan Lender not later
than 12:00 p.m. (London time) on the day of the proposed borrowing. Subject to
the terms of this Agreement, the Swing Loan Lender agrees to make, on the date
of the relevant Swing Loan Request, a Swing Loan available to the Swing Loan
Borrower specified in such Swing Loan Request. The Swing Loan Lender shall not
be required

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to determine that, or take notice whether, the conditions precedent set forth in
Section 4.02 have been satisfied in connection with the making of any Swing
Loan.

(b)The Swing Loan Lender may demand at any time that each Lender pay in Dollars
to the Administrative Agent, for the account of the Swing Loan Lender, in the
manner provided in clause (c) below, such Lender's pro rata share of all or a
portion of the Dollar Equivalent of the outstanding Swing Loans, which demand
shall be made through the Administrative Agent, shall be in writing and shall
specify the outstanding principal amount of the Swing Loans demanded to be paid
and the Dollar Equivalent (as determined by the Swing Loan Lender) of such
outstanding principal amount if such Swing Loans are denominated in an Alternate
Currency.

(c)The Administrative Agent shall forward each demand referred to in clause (b)
above to each Lender on the day such demand is received by the Administrative
Agent (except that any such demand received by the Administrative Agent after
2:00 p.m. (New York time) on any Business Day or on a day that is not a Business
Day shall not be required to be forwarded to the Lenders by the Administrative
Agent until the next succeeding Business Day), together with a statement
prepared by the Administrative Agent specifying the amount in Dollars of each
Lender's pro rata share of the Dollar Equivalent of the aggregate principal
amount of the Swing Loans demanded to be paid pursuant to such demand, and,
notwithstanding whether or not the conditions precedent set forth in Section
4.02 shall have been satisfied (which conditions precedent the Lenders hereby
irrevocably waive), each Lender shall, before 11:00 a.m. (New York time) on the
Business Day next succeeding the date of such Lender's receipt of such demand,
make available to the Administrative Agent, in immediately available funds in
Dollars, for the account of the Swing Loan Lender, the amount specified in such
statement. Upon such payment by a Lender, such Lender shall, except as provided
in clause (d) below, be deemed to have made a Base Rate Loan in Dollars in an
amount equal to such payment to the relevant Swing Loan Borrower (and the U.S.
Borrower and the Swing Loan Borrowers hereby authorizes the making of such
Loan). The Administrative Agent shall use such funds to repay the Swing Loans to
the Swing Loan Lender. To the extent that any Lender fails to make such payment
available to the Administrative Agent for the account of the Swing Loan Lender,
the Swing Loan Borrowers shall repay such Swing Loan or Swing Loans, as the case
may be, on demand.

(d)If for any reason the Swing Loans cannot be refinanced by such Loans in
accordance with clause (c) above, each Lender shall acquire, without recourse or
warranty, an undivided participation in each Swing Loan otherwise required to be
repaid by such Lender pursuant to clause (c) above, which participation shall be
in a principal amount equal to such Lender's pro rata share of the Dollar
Equivalent of such Swing Loan, by paying in Dollars to the Swing Loan Lender on
the date on which such Lender would otherwise have been required to make a
payment in respect of such Swing Loan pursuant to clause (c) above, in
immediately available funds, an amount equal to the Dollar Equivalent of such
Lender's pro rata share of such Swing Loan (and, concurrently with such
acquisition, such Swing Loan shall be automatically converted to Dollars equal
to the Dollar Equivalent of such Swing Loan bearing interest at the Base Rate).
If all or part of such amount is not in fact made available by such Lender to
the Swing Loan Lender on such date, the Swing Loan Lender shall be entitled to
recover any such unpaid amount on demand from such Lender together with interest
accrued from such date at the Federal Funds Rate for the first Business Day
after such payment was due and thereafter at the rate of interest then
applicable to Base Rate Loans.

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(e)From and after the date on which any Lender (i) is deemed to have made a Loan
pursuant to clause (c) above with respect to any Swing Loan or (ii) purchases an
undivided participation interest in a Swing Loan pursuant to clause (d) above,
the Administrative Agent shall promptly distribute to such Lender such Lender's
pro rata share of all payments of principal of and interest received by the
Administrative Agent on behalf of the Swing Loan Lender on account of such Swing
Loan (all of which such payments shall be made in Dollars, regardless of the
currency in which such Swing Loan was originally made) other than those received
from a Lender pursuant to clause (c) or (d) above and subject to Section 2.16
with regard to any Defaulting Lender. If any payment received and so distributed
by the Swing Loan Lender in respect of principal or interest on any Swing Loan
is required to be returned by the Swing Loan Lender under any of the
circumstances described in Section 9.05 (including pursuant to any settlement
entered into by the Swing Loan Lender in its discretion), each Lender shall pay
to the Swing Loan Lender its pro rata share thereof on demand of the
Administrative Agent, plus interest thereon from the date of such demand to the
date such amount is returned, at a rate per annum equal to the Federal Funds
Rate. The Administrative Agent shall make such demand upon the request of the
Swing Loan Lender. The obligations of the Lenders under this clause shall
survive the payment in full of the Obligations and the termination of this
Agreement.

(f)The parties hereto acknowledge that the Swing Loan Lender may from time to
time make loans to any Swing Loan Borrower pursuant to an overdraft, autoborrow
or similar arrangement (the “Overdraft Facility”). The loans made pursuant to
the Overdraft Facility (the “Overdraft Advances”) shall be deemed Swing Loans
for all purposes hereof and shall be subject to all of the provisions hereof;
provided, that (1) provisions relating to the fact that the Overdraft Facility
is an uncommitted facility shall prevail; (2) the borrowing procedures set forth
in the Overdraft Documents shall prevail in the event of any conflict between
such borrowing procedures and clause (a) above; (3) the optional prepayment
provisions set forth in the Overdraft Documents shall prevail in the event of
any conflict between such provisions and Section 2.07; (4) any mandatory
prepayment provisions set forth in the Overdraft Documents shall be in addition
to, and not in lieu of or replacement of, the mandatory prepayment provisions
set forth in Section 2.07; and (5) interest on each Overdraft Advance shall be
due and payable in arrears on each date set forth in the Overdraft Documents in
the event of any conflict between such interest payment dates and the interest
payment dates set forth herein.

(g)Each Lender's obligation to make Loans or to purchase and fund risk
participations in Swing Loans pursuant to this Section 3.03 shall be absolute
and unconditional, and shall not be affected by any circumstance, including (i)
any setoff, counterclaim, recoupment, defense or other right which such Lender
may have against the Swing Loan Lender, any Borrower or any other Person for any
reason whatsoever, (ii) the occurrence or continuance of a Default, or (iii) any
other occurrence, event or condition, whether or not similar to any of the
foregoing. No such funding of risk participations shall relieve or otherwise
impair the obligation of any Swing Loan Borrower to repay any Swing Loans made
to it, together with interest as provided herein.

(h)The Swing Loan Lender may resign at any time upon not less than 90 days'
prior written notice to the U.S. Borrower and the Administrative Agent, during
which period the Swing Loan Lender shall cooperate with the U.S. Borrower in
putting in place a new Swing Loan Lender designated by the U.S. Borrower and
acceptable to the Administrative Agent; provided, that the Swing Loan Lender
shall retain all the rights and obligations of the Swing Loan Lender provided
for hereunder with respect to Swing Loans made by it and outstanding as of the

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effective date of such resignation, including the right to require the Lenders
to make Loans or fund risk participations in outstanding Swing Loans pursuant to
this Section 3.03. If no such Swing Loan Lender is appointed prior to the
effectiveness of such resignation, no Swing Loan Borrower shall be entitled to
request Swing Loans until such a Swing Loan Lender is appointed.

SECTION 3.04    Issuance of Letters of Credit.

(a)No Issuing Bank shall be under any obligation to Issue any Letter of Credit
upon the occurrence of any of the following:

(i)any order, judgment or decree of any Governmental Authority or arbitrator
shall purport by its terms to enjoin or restrain such Issuing Bank from Issuing
such Letter of Credit or any Requirement of Law applicable to such Issuing Bank
or any request or directive (whether or not having the force of law) from any
Governmental Authority with jurisdiction over such Issuing Bank shall prohibit,
or request that such Issuing Bank refrain from, the Issuance of letters of
credit generally or such Letter of Credit in particular or shall impose upon
such Issuing Bank with respect to such Letter of Credit any restriction or
reserve or capital requirement (for which such Issuing Bank is not otherwise
compensated) not in effect on the date of this Agreement or that would result in
any unreimbursed loss, cost or expense that was not applicable, in effect or
known to such Issuing Bank as of the date of this Agreement and that such
Issuing Bank in good faith deems material to it;

(ii)such Issuing Bank shall have received any written notice of the type
described in clause (c) below;

(iii)after giving effect to the Issuance of such Letter of Credit, (A) the
aggregate Total Outstandings would exceed the aggregate of the Commitments in
effect at such time or (B) the Letter of Credit Obligations at such time would
exceed the Letter of Credit Sublimit;

(iv)any fees due in connection with any Issuance have not been paid;

(v)such Letter of Credit is requested to be Issued in a form that is not
acceptable to such Issuing Bank;

(vi)such Letter of Credit is requested to be denominated in any currency other
than Dollars or (if requested by a Euro Borrower) Euros.

None of the Lenders (other than the Issuing Banks in their capacity as such)
shall have any obligation to Issue any Letter of Credit.
(b)In connection with the Issuance of each Letter of Credit, the U.S. Borrower
or a Euro Borrower, as applicable and appropriate, shall give the relevant
Issuing Bank and the Administrative Agent at least two Business Days' prior
written notice, in form and substance acceptable to the applicable Issuing Bank,
of the requested Issuance of such Letter of Credit (a “Letter of Credit
Request”). Such notice shall be irrevocable and shall specify the Issuing Bank
of such Letter of Credit, the Currency of Issuance (Dollars or Euros) and face
amount of the Letter of Credit requested, the date of Issuance of such requested
Letter of Credit, the date on which such Letter of Credit is to expire (which
date shall be a Business Day) and the

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Person for whose benefit the requested Letter of Credit is to be issued. Such
notice, to be effective, must be received by the relevant Issuing Bank and the
Administrative Agent not later than 11:00 a.m. (New York time) on the second
Business Day prior to the date of the requested Issuance of such Letter of
Credit.

(c)Subject to the satisfaction of the conditions set forth in this Section 3.04
and in Section 2.04, the relevant Issuing Bank shall, on the requested date,
Issue a Letter of Credit for the account of the applicable Borrower in
accordance with such Issuing Bank's usual and customary business practices. No
Issuing Bank shall Issue any Letter of Credit in the period commencing on the
first Business Day after it receives written notice from any Lender that one or
more of the conditions precedent contained in Section 4.02 shall not on such
date be satisfied or duly waived and ending when such conditions are satisfied
or duly waived. The relevant Issuing Bank shall not otherwise be required to
determine that, or take notice whether, the conditions precedent set forth in
Section 4.02 have been satisfied in connection with the Issuance of any Letter
of Credit.

(d)If requested by the relevant Issuing Bank, prior to the issuance of each
Letter of Credit by such Issuing Bank, and as a condition of such Issuance and
of the participation of each Lender in the Letter of Credit Obligations arising
with respect thereto in accordance with clause (f) below, the applicable
Borrower shall have delivered to such Issuing Bank a letter of credit
reimbursement agreement, in such form as the Issuing Bank may employ in its
ordinary course of business for its own account (a “Letter of Credit
Reimbursement Agreement”), signed by such Borrower, and such other documents or
items as may be required pursuant to the terms thereof. In the event of any
conflict between the terms of any Letter of Credit Reimbursement Agreement and
this Agreement, the terms of this Agreement shall govern.

(e)Each Issuing Bank shall:

(i)give the Administrative Agent written notice (or telephonic notice confirmed
promptly thereafter in writing, which writing may be a telecopy or electronic
mail) of the Issuance of a Letter of Credit Issued by it, of all drawings under
a Letter of Credit Issued by it and the payment (or the failure to pay when due)
by the applicable Borrower of any Reimbursement Obligation when due, other than
drawings under Letters of Credit issued to support the IRB Obligations and
reimbursement payments in respect thereof that are made when due (which notice,
the Administrative Agent shall promptly transmit by telecopy, electronic mail or
similar transmission to each Lender);

(ii)upon the request of any Lender, furnish to such Lender, copies of any Letter
of Credit Reimbursement Agreement to which such Issuing Bank is a party and such
other documentation as may reasonably be requested by such Lender; and

(iii)no later than 10 Business Days following the last day of each calendar
month, provide to the Administrative Agent (and the Administrative Agent shall
provide a copy to each Lender requesting the same) and the U.S. Borrower
separate schedules for Documentary Letters of Credit and Standby Letters of
Credit issued by it under the Letter of Credit Sub-Facility, in form and
substance reasonably satisfactory to the Administrative Agent, setting forth the
aggregate Letter of Credit Obligations outstanding at the end of each month and
any information requested by the U.S. Borrower or the Administrative Agent
relating thereto.

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(f)Immediately upon the issuance by an Issuing Bank of a Letter of Credit in
accordance with the terms and conditions of this Agreement, such Issuing Bank
shall be deemed to have sold and transferred to each Lender, and each Lender
shall be deemed irrevocably and unconditionally to have purchased and received
from such Issuing Bank, without recourse or warranty, an undivided interest and
participation, to the extent of such Lender's pro rata share of the Commitments,
in such Letter of Credit and the obligations of the applicable Borrower with
respect thereto (including all Letter of Credit Obligations with respect
thereto) and any security therefor and guaranty pertaining thereto.

(g)Each Borrower agrees to pay to the Issuing Bank of any Letter of Credit the
Dollar Equivalent of the amount of all Reimbursement Obligations owing to such
Issuing Bank under any Letter of Credit issued for its account no later than the
date that is the next succeeding Business Day after such Borrower receives
written notice from such Issuing Bank that payment has been made under such
Letter of Credit (the “Reimbursement Date”), irrespective of any claim, set-off,
defense or other right that such Borrower may have at any time against such
Issuing Bank or any other Person.

(h)In the event that any Issuing Bank makes any payment under any Letter of
Credit and the applicable Borrower shall not have repaid the Dollar Equivalent
of such amount to such Issuing Bank pursuant to clause (g) or any such payment
by such Borrower is rescinded or set aside for any reason, such Reimbursement
Obligation shall be payable on demand with interest thereon computed (i) from
the date on which such Reimbursement Obligation arose to the Reimbursement Date,
at the rate of interest applicable during such period to Revolving Loans that
are Base Rate Loans and (ii) from the Reimbursement Date until the date of
repayment in full, at the rate of interest applicable during such period to past
due Revolving Loans that are Base Rate Loans, and such Issuing Bank shall
promptly notify the Administrative Agent, which shall promptly notify each
Lender of such failure, and each Lender shall promptly and unconditionally pay
to the Administrative Agent for the account of such Issuing Bank the amount of
such Lender's pro rata share of such payment in Dollars (based upon the Dollar
Equivalent of such amount on the date of such payment) and in immediately
available funds. If the Administrative Agent so notifies such Lender prior to
11:00 a.m. (New York time) on any Business Day, such Lender shall make available
to the Administrative Agent for the account of such Issuing Bank its pro rata
share of the amount of such payment on such Business Day in immediately
available funds. Upon such payment by a Lender, such Lender shall, except during
the continuance of a Default or Event of Default under Section 7.01(e) and
notwithstanding whether or not the conditions precedent set forth in Section
4.02 shall have been satisfied (which conditions precedent the Lenders hereby
irrevocably waive), be deemed to have made a Revolving Loan to applicable
Borrower in the principal amount of such payment. Whenever any Issuing Bank
receives from the U.S. Borrower a payment of a Reimbursement Obligation as to
which the Administrative Agent has received for the account of such Issuing Bank
any payment from a Lender pursuant to this clause (h), such Issuing Bank shall
pay to the Administrative Agent and the Administrative Agent shall promptly pay
to each Lender, in immediately available funds, an amount equal to such Lender's
pro rata share of the amount of such payment adjusted, if necessary, to reflect
the respective amounts the Lenders have paid in respect of such Reimbursement
Obligation.

(i)If and to the extent such Lender shall not have so made its pro rata share of
the amount of the payment required by clause (h) above, as applicable, available
to the Administrative Agent for the account of such Issuing Bank, such Lender
agrees to pay to the

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Administrative Agent for the account of such Issuing Bank forthwith on demand
any such unpaid amount together with interest thereon, for the first Business
Day after payment was first due at the Federal Funds Rate and, thereafter until
such amount is repaid to the Administrative Agent for the account of such
Issuing Bank, at the rate per annum applicable to Base Rate Loans under the
Facility.

(j)Each Borrower's obligation to pay each Reimbursement Obligation and the
obligations of the Lenders to make payments to the Administrative Agent for the
account of the Issuing Banks with respect to Letters of Credit shall be
absolute, unconditional and irrevocable, and shall be performed strictly in
accordance with the terms of this Agreement, under any and all circumstances
whatsoever, including the occurrence of any Default or Event of Default, and
irrespective of any of the following:

(i)any lack of validity or enforceability of any Letter of Credit or any Loan
Document, or any term or provision therein;

(ii)any amendment or waiver of or any consent to departure from all or any of
the provisions of any Letter of Credit or any Loan Document;

(iii)the existence of any claim, set off, defense or other right that such
Borrower, any other party guaranteeing, or otherwise obligated with, such
Borrower, any Subsidiary or other Affiliate thereof or any other Person may at
any time have against the beneficiary under any Letter of Credit, any Issuing
Bank, the Administrative Agent or any other Lender or any other Person, whether
in connection with this Agreement, any other Loan Document or any other related
or unrelated agreement or transaction;

(iv)any draft or other document presented under a Letter of Credit proving to be
forged, fraudulent, invalid or insufficient in any respect or any statement
therein being untrue or inaccurate in any respect;

(v)payment by the Issuing Bank under a Letter of Credit against presentation of
a draft or other document that does not comply with the terms of such Letter of
Credit; and

(vi)any other act or omission to act or delay of any kind of the Issuing Bank,
the other Lenders, the Administrative Agent or any other Person or any other
event or circumstance whatsoever, whether or not similar to any of the
foregoing, that might, but for the provisions of this Section 3.04 or Section
2.04, constitute a legal or equitable discharge of such Borrower's obligations
hereunder.

Any action taken or omitted to be taken by the relevant Issuing Bank under or in
connection with any Letter of Credit, if taken or omitted in the absence of
gross negligence or willful misconduct, shall not put such Issuing Bank under
any resulting liability to the applicable Borrower or any Lender. In determining
whether drafts and other documents presented under a Letter of Credit comply
with the terms thereof, the Issuing Bank may accept documents that appear on
their face to be in order, without responsibility for further investigation,
regardless of any notice or information to the contrary and, in making any
payment under any Letter of Credit, the Issuing Bank may rely exclusively on the
documents presented to it under such Letter of Credit as to any and all matters
set forth therein, including reliance on the amount of any draft presented under
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such Letter of Credit, whether or not the amount due to the beneficiary
thereunder equals the amount of such draft and whether or not any document
presented pursuant to such Letter of Credit proves to be insufficient in any
respect, if such document on its face appears to be in order, and whether or not
any other statement or any other document presented pursuant to such Letter of
Credit proves to be forged or invalid or any statement therein proves to be
inaccurate or untrue in any respect whatsoever and any noncompliance in any
immaterial respect of the documents presented under such Letter of Credit with
the terms thereof shall, in each case, be deemed not to constitute willful
misconduct or gross negligence of the Issuing Bank.
(k)Schedule 2.04 (Existing Letters of Credit) contains a schedule of all of the
letters of credit issued prior to the Effective Date for the account of the U.S.
Borrower. On the Effective Date (i) such letters of credit, to the extent
outstanding, shall be automatically and without further action by the parties
thereto converted to Letters of Credit issued pursuant to this Section 3.04 and
Section 2.04 for the account of the U.S. Borrower and subject to the provisions
hereof, and for this purpose the fees specified in Section 2.05(b) shall be
payable (in substitution for any fees set forth in the applicable letter of
credit reimbursement agreements or applications relating to such letters of
credit) as if such letters of credit had been issued on the Effective Date,
other than fees with respect to issuance, amendment or transfer that might
otherwise apply as the result of such letters of credit being treated as if
issued on the Effective Date, (ii) the amount of such letters of credit shall be
included in the calculation of Letter of Credit Obligations and (iii) all
liabilities of the U.S. Borrower with respect to such letters of credit shall
constitute Reimbursement Obligations and/or obligations under the Facility.

SECTION 3.05    Increased Costs.

(a)If, due to either (i) the introduction of or any change (other than any
change by way of imposition or increase of reserve requirements included in the
Eurocurrency Rate Reserve Percentage, in each case as of the date of
determination thereof) in or in the interpretation of any law or regulation, in
each case as of the date hereof or (ii) the compliance with any guideline or
request from any central bank or other governmental authority (whether or not
having the force of law) which implements any introduction or change specified
in clause (i) above, there shall be any increase in the cost to any Lender of
agreeing to make or making, funding or maintaining Eurocurrency Rate Loans or
Swing Loans then the Borrowers shall from time to time, within ten Business Days
after written demand by such Lender (with a copy of such demand to the
Administrative Agent), pay to the Administrative Agent for the account of such
Lender additional amounts sufficient to compensate such Lender for such
increased cost incurred during the 90-day period prior to the date of such
demand. A certificate as to the amount of such increased cost, submitted to the
U.S. Borrower and the Administrative Agent by such Lender and showing in
reasonable detail the basis for the calculation thereof, shall be prima facie
evidence of such costs.

(b)If any Lender determines that compliance with (i) the introduction of or any
change in or in the interpretation of, any law or regulation, in each case after
the date hereof, or (ii) any guideline or request from any central bank or other
governmental authority (whether or not having the force of law) which implements
any introduction or change specified in clause (i) above, affects or would
affect the amount of capital required or expected to be maintained by such
Lender or any corporation controlling such Lender and that the amount of such
capital is increased by or based upon the existence of such Lender's commitment
to lend or to issue or participate in Letters of Credit hereunder and other
commitments of this type, then, within ten Business Days after written demand by
such Lender (with a copy of such demand to the

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Administrative Agent), the Borrowers shall from time to time pay to the
Administrative Agent for the account of such Lender, additional amounts
sufficient to compensate such Lender or such corporation in the light of such
circumstances for such increase in capital incurred during the six-month period
prior to the date of such demand, to the extent that such Lender reasonably
determines such increase in capital to be allocable to the existence of such
Lender's commitment to lend or to issue or participate in Letters of Credit
hereunder. A certificate as to such amounts submitted to the U.S. Borrower and
the Administrative Agent by such Lender and showing in reasonable detail the
basis for the calculation thereof shall be prima facie evidence of such costs.

(c)Failure or delay on the part of any Lender to demand compensation pursuant to
the foregoing provisions of this Section 3.05 shall not constitute a waiver of
such Lender's right to demand such compensation, provided that no Borrower shall
be required to compensate a Lender pursuant to the foregoing provisions of this
Section for any increased costs incurred or reductions suffered more than six
months prior to the date that such Lender notifies the U.S. Borrower of the
circumstances giving rise to such increased costs or reductions and of such
Lender's intention to claim compensation therefor (except that, if the
circumstances giving rise to such increased costs or reductions is retroactive,
then the six-month period referred to above shall be extended to include the
period of retroactive effect thereof).

(d)Without limiting the effect of the foregoing, the Borrowers shall pay to each
Lender on the last day of each Interest Period so long as such Lender is
maintaining reserves against Eurocurrency Liabilities (or so long as such Lender
is maintaining reserves against any other category of liabilities that includes
deposits by reference to which the interest rate on Eurocurrency Rate Loans is
determined as provided in this Agreement or against any category of extensions
of credit or other assets of such Lender that includes any Eurocurrency Rate
Loans) an additional amount (determined by such Lender and notified to the U.S.
Borrower through the Administrative Agent) equal to the product of the following
for each Eurocurrency Rate Loan for each day during such Interest Period:

(i)the principal amount of such Eurocurrency Rate Loan outstanding on such day;
and

(ii)the remainder of (x) a fraction the numerator of which is the rate
(expressed as a decimal) at which interest accrues on such Eurocurrency Rate
Loan for such Interest Period as provided in this Agreement (less the Applicable
Margin) and the denominator of which is one minus the Eurocurrency Rate Reserve
Percentage in effect on such day minus (y) such numerator; and

(iii)1/360.

(e)If the U.S. Borrower is required to pay any Lender any amounts under this
Section 3.05, the applicable Lender shall be an “Affected Person”, and the U.S.
Borrower shall have the rights set forth in Section 3.08 to replace such
Affected Person.

Notwithstanding anything to the contrary, for purposes of this Section 3.05,
each of (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act, and
all requests, rules, guidelines and directives promulgated thereunder and (ii)
all requests, rules, guidelines or directives concerning capital adequacy
effective after the date hereof promulgated by the Bank for International
Settlements, the Basel Committee on Banking Regulations and Supervisory
Practices (or any
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successor or similar authority) or the United States financial regulatory
authorities are deemed to have been introduced or adopted after the date hereof,
regardless of the date enacted or adopted.
SECTION 3.06    Illegality. Notwithstanding any other provision of this
Agreement, if any Lender or the Swing Loan Lender, as the case may be, shall
notify the Administrative Agent that the introduction of or any change in or in
the interpretation of any law or regulation makes it unlawful, or any central
bank or other governmental authority asserts that it is unlawful, for such
Lender or the Swing Loan Lender, as the case may be, or its Eurocurrency Lending
Office to perform its obligations hereunder to make Eurocurrency Rate Loans or
Swing Loans, as the case may be, or to fund or maintain Eurocurrency Rate Loans
or Swing Loans hereunder, as the case may be, then, subject to the provisions of
Section 3.08, (i) the obligation of such Lender to make Eurocurrency Rate Loans
hereunder or the obligations of the Swing Loan Lender to make Swing Loans
hereunder, as the case may be, shall be suspended until the first date on which
the circumstances causing such suspension cease to exist, (ii) any Eurocurrency
Rate Loans made or to be made by such Lender shall be converted automatically to
Base Rate Loans and any Swing Loans made or to be made by the Swing Loan Lender
shall be converted to Dollar Swing Loans and (iii) such Lender or the Swing Loan
Lender, as the case may be, shall be an “Affected Person”, and the U.S. Borrower
shall have the right set forth in Section 3.08 to replace such Affected Person.
In the event of such a suspension, such Lender or the Swing Loan Lender, as the
case may be, shall review the circumstances giving rise to such suspension at
least weekly and shall notify the U.S. Borrower, the Administrative Agent, the
Swing Loan Lender and the Lenders promptly of the end of such suspension, and
thereafter the U.S. Borrower shall be entitled to borrow Eurocurrency Rate Loans
from such Lender or any Swing Loan Borrower shall be entitled to borrow Swing
Loans from the Swing Loan Lender, as the case may be.

Notwithstanding anything to the contrary, for purposes of this Section 3.06,
each of (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act, and
all requests, rules, guidelines and directives promulgated thereunder and (ii)
all requests, rules, guidelines or directives concerning capital adequacy
effective after the date hereof promulgated by the Bank for International
Settlements, the Basel Committee on Banking Regulations and Supervisory
Practices (or any successor or similar authority) or the United States financial
regulatory authorities are deemed to have been introduced or adopted after the
date hereof, regardless of the date enacted or adopted.
SECTION 3.07    Reasonable Efforts to Mitigate. Each Lender and the Swing Loan
Lender shall use its reasonable best efforts (consistent with its internal
policy and legal and regulatory restrictions) to minimize any amounts payable by
the Borrowers under Section 3.05 and to minimize any period of illegality
described in Section 3.06. Without limiting the generality of the foregoing,
each Lender and the Swing Loan Lender agrees that, to the extent reasonably
possible to such Lender or the Swing Loan Lender, as the case may be, it will
change its Eurocurrency Lending Office if such change would eliminate or reduce
amounts payable to it under Section 3.05 or eliminate any illegality of the type
described in Section 3.06, as the case may be. Each Lender and the Swing Loan
Lender further agrees to notify the U.S. Borrower promptly, but in any event
within five Business Days, after such Lender or the Swing Loan Lender, as the
case may be, learns of the circumstances giving rise to such a right to payment
or such illegality have changed such that such right to payment or such
illegality, as the case may be, no longer exists.

SECTION 3.08    Right to Replace Affected Person or Lender.

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(a)Replacement by the U.S. Borrower. In the event (i) the Borrowers are required
to pay any Taxes with respect to an Affected Person pursuant to Section 2.12(c)
or any amounts with respect to an Affected Person pursuant to Section 3.05, (ii)
the U.S. Borrower receives a notice from an Affected Person pursuant to
Section 3.06, or (iii) any Lender is a Defaulting Lender or Non-Consenting
Lender (treating such Lender as an “Affected Person” for purposes of this
Section 3.08), the U.S. Borrower may elect, if such amounts continue to be
charged or such notice is still effective, to replace such Affected Person as a
party to this Agreement, provided that, concurrently therewith, (i) another
financial institution which is an Eligible Assignee and is reasonably
satisfactory to the U.S. Borrower and the Administrative Agent (or if the Lender
then serving as Administrative Agent is the Person to be replaced and the
Administrative Agent has resigned its position, the Lender becoming the
successor Administrative Agent) and satisfactory to the Issuing Banks and the
Swing Loan Lender (unless it is the Swing Loan Lender that is being replaced),
shall agree, as of such date, to purchase for cash and at par the Loans and
participation in Letters of Credit of the Affected Person, pursuant to an
Assignment and Acceptance and to become a Lender or the Swing Loan Lender, as
the case may be, for all purposes under this Agreement and to assume all
obligations (including all outstanding Loans) of the Affected Person to be
terminated as of such date and to comply with the requirements of Section 9.07
applicable to assignments (other than clause (a)(iv) thereof), and (ii) the U.S.
Borrower shall pay to such Affected Person in same day funds on the day of such
replacement all interest, fees and other amounts then due and owing to such
Affected Person by any Borrower hereunder to and including the date of
termination, including without limitation payments due such Affected Person
under Section 2.12, costs incurred under Section 3.05 or 9.15 and payments owing
under Section 9.04(c).

(b)Replacement by the Issuing Banks. In the event that S&P and Moody's shall,
after the date that any Person becomes a Lender, downgrade the long‑term
certificate of deposit ratings of such Lender, and the resulting ratings shall
be below BBB‑ and Baa3, respectively, or the equivalent, then the Issuing Banks
shall in consultation with the U.S. Borrower have the right, but not the
obligation, at their own expense, upon notice to such Lender and the
Administrative Agent, to replace such Lender with an Eligible Assignee, and such
Lender hereby agrees to transfer and assign without recourse (in accordance with
and subject to the restrictions contained in Section 9.07 (other than
clause (a)(iv) thereof)) all the interests, rights and obligations in respect of
its Commitment to an Eligible Assignee; provided, however, that (x) no such
assignment shall conflict with any law, rule or regulation or order of any
governmental authority and (y) the Issuing Banks or such Eligible Assignee, as
the case may be, shall pay to such Lender in same day funds on the date of such
assignment the principal of and interest accrued to the date of payment on the
Loans made by such Lender and such Lender's participation in any Letters of
Credit hereunder and all other amounts accrued for such Lender's account or owed
to it hereunder. Upon any such termination or assignment, such Lender shall
cease to be a party hereto but shall continue to be obligated under Section 8.05
and be entitled to the benefits of Section 9.04, as well as to any fees and
other amounts accrued for its account under Section 2.05, 2.12 or 3.05 and not
yet paid.

SECTION 3.09    Use of Proceeds. The Letters of Credit and the proceeds of the
Loans shall be available (and each Borrower agrees that it shall use such
proceeds) for general corporate purposes (including, without limitation,
commercial paper backup and refinancing of the existing credit extension of the
Borrowers under the Existing Credit Agreements) of the U.S. Borrower and its
Subsidiaries; provided that neither any Lender nor the Administrative Agent
shall have any responsibility for the use of any of the Letters of Credit or the
proceeds of Loans.

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ARTICLE IV

CONDITIONS OF LENDING

SECTION 4.01    Conditions Precedent to Initial Borrowing. The obligation of
each Lender to make a Loan on the occasion of the initial Borrowing and of an
Issuing Bank to issue the initial Letter of Credit, whichever shall first occur,
shall be subject to the conditions precedent that, on a date (the “Effective
Date”) not later than August 15, 2011, the Administrative Agent shall have
received the following:

(a)Each of the following documents, which shall be dated the Effective Date and
in form and substance satisfactory to the Administrative Agent:

(i)This Agreement, duly executed and delivered by each of the Borrowers.

(ii)Upon request of any Lender, the Revolving Loan Notes payable by the U.S.
Borrower and any Euro Borrower to the order of each such Lender.

(iii)Certified copies of (x) the charter and by-laws of each Borrower, (y) the
resolutions of the board of directors (or equivalent governing body) of each
Borrower authorizing and approving this Agreement, the Guaranty and the Notes
and the transactions contemplated by the Loan Documents, and (z) all documents
evidencing other necessary corporate action and governmental approvals, if any,
with respect to the Loan Documents.

(iv)A certificate of the secretary or an assistant secretary (or equivalent
officer) of each Borrower certifying the names and true signatures of the
officers of each Borrower authorized to sign this Agreement, the Guaranty and
the Notes and the other documents to be delivered hereunder.

(v)A favorable opinion of Morgan, Lewis & Bockius LLP U.S. counsel to the
Borrowers, in form and substance reasonably accepted to the Administrative Agent
and Lenders and covering such other matters relating hereto as any Lender,
through the Administrative Agent, may reasonably request.

(vi)A certificate of a senior officer of the U.S. Borrower to the effect that
(x) the representations and warranties contained in Article V (Representations
and Warranties) are correct (other than any such representations or warranties
which, by their terms, refer to a prior date) and (y) no event has occurred and
is continuing which constitutes a Default.

(vii)Such other certificates, documents, agreements and information respecting
any Borrower as any Lender through the Administrative Agent may reasonably
request.

(b)Confirmation that (1) the U.S. Borrower has paid all accrued fees and
expenses of the Administrative Agent and the Lenders hereunder (including the
fees and expenses of counsel to the Administrative Agent to the extent then
payable), together with all accrued but unpaid fees and expenses under the
Existing Credit Agreements, (2) the U.S. Borrower has paid

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in full the accrued and unpaid interest on the Loans and the Notes, in each case
as defined in, and all other amounts whatsoever payable under, the Existing
Credit Agreements, (3) the Existing Credit Agreements have been terminated and
are no longer in effect and (4) all Existing Letters of Credit have become
Letters of Credit pursuant to Section 3.04(k).

SECTION 4.02    Conditions Precedent to Each Revolving Loan Borrowing, Swing
Loan Borrowing and Letter of Credit Issuance. The obligation of each Lender to
make a Loan (other than a Swing Loan or a Letter of Credit Loan made by a Lender
pursuant to Section 3.03 or 3.04(b)) on the occasion of each Borrowing
(including the initial Borrowing), and the right of the Borrowers to request a
Swing Loan Borrowing or the issuance of a Letter of Credit, shall be subject to
the further conditions precedent that:

(a)in the case of the first Borrowing by a Euro Borrower, (other than FMC
Finance B.V., FMC Chemicals Netherlands B.V., FMC Foret, S.A., FMC Biopolymer
Germany GmbH and Surety International Ltd.), the U.S. Borrower shall have
furnished to the Administrative Agent and the Lenders such Revolving Loan Notes,
corporate documents, resolutions, certifications, legal opinions and other items
relating to such Euro Borrower as the Administrative Agent or the Lenders may
reasonably require, and

(b)on the date of such Borrowing or issuance of a Letter of Credit the following
statements shall be true (and the acceptance by a Borrower of the proceeds of
such Borrowing or of such Letter of Credit shall constitute a representation and
warranty by such Borrower that on the date of such Borrowing or issuance such
statements are true):

(i)The representations and warranties contained in Article V (Representations
and Warranties) (except the Excluded Representations) are correct in all
material respects on and as of the date of such Borrowing or issuance, before
and after giving effect to such Borrowing or issuance and to the application of
the proceeds therefrom, as though made on and as of such date, other than any
such representations or warranties that, by their terms, refer to a date other
than the date of such Borrowing or issuance, which are true and correct as of
such earlier date; and

(ii)No event has occurred and is continuing, or would result from such Borrowing
or issuance or from the application of the proceeds therefrom, which constitutes
a Default;

(c)    [Intentionally Deleted].

ARTICLE V

REPRESENTATIONS AND WARRANTIES

The U.S. Borrower represents and warrants as follows:
SECTION 5.01    Corporate Existence; Compliance with Law.

Each of the U.S. Borrower and its Material Subsidiaries (a) is duly organized,
validly existing and in good standing (where such concept is legally relevant)
under the laws of the jurisdiction of its organization, (b) is duly qualified to
do business as a foreign corporation and in good standing (where such concept is
legally relevant) under the laws of each jurisdiction
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where such qualification is necessary, except where the failure to be so
qualified or in good standing (where such concept is legally relevant) would
not, in the aggregate, reasonably be expected to have a Material Adverse Effect,
(c) has all requisite power and authority and the legal right to own, pledge,
mortgage and operate its properties, to lease the property it operates under
lease and to conduct its business as now or currently proposed to be conducted,
(d)  with respect to the U.S. Borrower and its Material Subsidiaries that are
Domestic Subsidiaries, is in compliance with its Constituent Documents, (e) is
in compliance with all applicable Requirements of Law except where the failure
to be in compliance would not, in the aggregate, reasonably be expected to have
a Material Adverse Effect and (f) has all necessary licenses, permits, consents
or approvals from or by, has made all necessary filings with, and has given all
necessary notices to, each Governmental Authority having jurisdiction, to the
extent required for such ownership, operation and conduct, except for licenses,
permits, consents, approvals or filings that can be obtained or made by the
taking of ministerial action to secure the grant or transfer thereof or the
failure to obtain or make would not, in the aggregate, reasonably be expected to
have a Material Adverse Effect.
SECTION 5.02    Corporate Power; Authorization; Enforceable Obligations.

(a)The execution, delivery and performance by each Borrower of the Loan
Documents to which it is a party and the consummation of the transactions
contemplated thereby:

(i)are within such Borrower's corporate, limited liability company, partnership
or other powers;

(ii)have been or, at the time of delivery thereof pursuant to Article IV
(Conditions of Lending) will have been, duly authorized by all necessary action,
including the consent of shareholders, partners and members where required;

(iii)do not and will not (A) contravene such Borrower's or any of its
Subsidiaries' respective Constituent Documents, (B) violate any other
Requirement of Law applicable to such Borrower (including Regulations T, U and X
of the Federal Reserve Board), or any order or decree of any Governmental
Authority or arbitrator applicable to such Borrower, (C) conflict with or result
in the breach of, or constitute a default under, or result in or permit the
termination or acceleration of, any Contractual Obligation of such Borrower or
any of its Subsidiaries, or (D) result in the creation or imposition of any Lien
upon any property of such Borrower or any of its Material Subsidiaries;

(iv)do not require the consent of, authorization by, approval of, notice to, or
filing or registration with, any Governmental Authority or any other Person,
other than those listed on Schedule 5.02 (Consents) and that have been or will
be, prior to the Effective Date, obtained or made, copies of which have been or
will be delivered to the Administrative Agent pursuant to Section
4.01(a)(iii)(z), and each of which on the Effective Date will be in full force
and effect.

(b)This Agreement has been, and each of the other Loan Documents will have been
upon delivery thereof pursuant to the terms of this Agreement, duly executed and
delivered by each Borrower party thereto. This Agreement is, and the other Loan
Documents will be, when delivered hereunder, the legal, valid and binding
obligation of each Borrower party thereto, enforceable against such Borrower in
accordance with its terms.

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SECTION 5.03    Financial Statements.

The Consolidated balance sheet of the U.S. Borrower and its Subsidiaries as at
December 31, 2010, and the related Consolidated statements of income, changes in
stockholders' equity and cash flows of the U.S. Borrower and its Subsidiaries
for the fiscal year then ended, certified by the Borrowers' Accountants, and the
Consolidated balance sheet of the U.S. Borrower and its Subsidiaries as at June
30, 2011, and the related Consolidated statements of income and cash flows of
the U.S. Borrower and its Subsidiaries for the three months then ended, copies
of which have been furnished to each Lender, fairly present, subject, in the
case of said balance sheet as at June 30, 2011, and said statements of income
and cash flows for the three months then ended, to the absence of footnote
disclosure and normal recurring year-end audit adjustments, the Consolidated
financial condition of the U.S. Borrower and its Subsidiaries as at such dates
and the Consolidated results of the operations of the U.S. Borrower and its
Subsidiaries for the period ended on such dates, all in conformity with GAAP.
SECTION 5.04    Material Adverse Change.

Since December 31, 2010, there has been no Material Adverse Change and there
have been no events or developments that, in the aggregate, have had a Material
Adverse Effect.
SECTION 5.05    Litigation.

Except as set forth on Schedule 5.05 (Litigation), there are no pending or, to
the knowledge of the U.S. Borrower, threatened actions, investigations or
proceedings affecting the U.S. Borrower or any of its Material Subsidiaries
before any court, Governmental Authority or arbitrator other than those that, in
the aggregate, could not reasonably be expected to have a Material Adverse
Effect. The performance of any action by any Borrower required or contemplated
by any Loan Document is not restrained or enjoined (either temporarily,
preliminarily or permanently).
SECTION 5.06    Taxes.

The U.S. Borrower and each of its Material Subsidiaries have filed, have caused
to be filed or have been included in all tax returns (federal, state, local and
foreign) required to be filed, all such tax returns are true and correct in all
material respects and have paid (or have accrued any taxes shown that are not
due with the filing of such returns) all taxes shown thereon to be due, together
with applicable interest and penalties, except in any case where the failure to
file any such return or pay any such tax is not in any respect material to the
U.S. Borrower or the U.S. Borrower and its Subsidiaries taken as a whole.
SECTION 5.07    Full Disclosure.

The information prepared or furnished by or on behalf of the U.S. Borrower in
connection with this Agreement or the consummation of the transactions
contemplated hereunder taken as a whole, including the information contained in
the Disclosure Documents, does not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements contained
therein or herein in light of the time and circumstances under which they were
made, not misleading.
SECTION 5.08    Investment Company Act.

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Neither the U.S. Borrower nor any of its Material Subsidiaries is an “investment
company” or an “affiliated Person” of, or “promoter” or “principal underwriter”
for, an “investment company,” as such terms are defined in the Investment
Company Act of 1940, as amended.
SECTION 5.09    ERISA.

(a)No ERISA Event has occurred or is reasonably expected to occur with respect
to any Plan that has resulted or would reasonably be expected to result in a
Material Adverse Effect.

(b)Neither the U.S. Borrower nor any of its ERISA Affiliates has been notified
by the sponsor of a Multiemployer Plan that it has incurred any Withdrawal
Liability, and neither the U.S. Borrower nor any of its ERISA Affiliates, to the
best of the U.S. Borrower's knowledge and belief, is reasonably expected to
incur any Withdrawal Liability to any Multiemployer Plan, in each case other
than any Withdrawal Liability that would not have a Material Adverse Effect.

(c)Neither the U.S. Borrower nor any of its ERISA Affiliates has been notified
by the sponsor of a Multiemployer Plan that such Multiemployer Plan is in
reorganization or has been terminated, within the meaning of Title IV of ERISA,
except where such reorganization or termination would not reasonably be expected
to have a Material Adverse Effect.

SECTION 5.10    Environmental Matters.

Except as disclosed in the U.S. Borrower's SEC filings filed with respect to
period ending on or prior to June 30, 2011:
(a)The operations of the U.S. Borrower and each of its Material Subsidiaries
have been and are in compliance with all Environmental Laws, including obtaining
and complying with all required Permits required under or by Environmental Laws
(collectively, “Environmental Permits”), other than non-compliances that,
individually or in the aggregate, would not reasonably be expected to have a
Material Adverse Effect.

(b)None of the U.S. Borrower or any of its Material Subsidiaries or any real
property currently or, to the knowledge of the U.S. Borrower, previously owned,
operated or leased by or for the U.S. Borrower or any of its Material
Subsidiaries is subject to any pending or, to the knowledge of the U.S.
Borrower, threatened, claim, order, agreement, notice of potential liability or
is the subject of any pending or threatened proceeding or governmental
investigation under or pursuant to Environmental Laws other than those that,
individually or in the aggregate, would not reasonably be expected to have a
Material Adverse Effect.

(c)Except as disclosed on Schedule 5.10 (Environmental Matters), none of the
real property owned or operated by the U.S. Borrower or any of its Material
Subsidiaries that is a Domestic Subsidiary is a treatment, storage or disposal
facility requiring a Permit under the Resource Conservation and Recovery Act, 42
U.S.C. § 6901 et seq. and the regulations thereunder.

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(d)There are no facts, circumstances or conditions arising out of or relating to
the operations or ownership of the U.S. Borrower or of real property owned,
operated or leased by the U.S. Borrower or any of its Material Subsidiaries that
are not specifically included in the financial information furnished to the
Lenders other than those that, individually or in the aggregate, would not
reasonably be expected to have a Material Adverse Effect.

(e)As of the date hereof, no Environmental Lien has attached to any property of
the U.S. Borrower or any of its Material Subsidiaries and, to the knowledge of
the U.S. Borrower, no facts, circumstances or conditions exist that could
reasonably be expected to result in any such Lien attaching to any such
property.

SECTION 5.11    Ownership of Properties; Liens.

Each of the U.S. Borrower and its Material Subsidiaries has good title to, a
valid leasehold interest in, or other valid legal rights to use, all of the real
and personal property used in the ordinary course of its business, and none of
such property is subject to any Lien (other than as permitted by Section
6.04(a)), except to the extent that the absence of such title, leasehold
interest or legal right, in the aggregate, would reasonably be expected to have
a Material Adverse Effect.
SECTION 5.12    OFAC.

The U.S. Borrower and its Subsidiaries are in compliance with applicable
regulations and executive orders administered by OFAC to the extent applicable
to such Person. The Letters of Credit and the proceeds of any Loan will not be
used and have not been used to fund any operations in, finance any investments
or activities in or make any payments to, a Sanctioned Person or a Sanctioned
Country.
ARTICLE VI

COVENANTS OF THE COMPANY

SECTION 6.01    Financial Covenants. So long as any obligations under this
Agreement or any Note shall remain unpaid, any Letter of Credit shall be
outstanding or any Lender shall have any Commitment hereunder, the U.S. Borrower
agrees with the Administrative Agent to each of the following, unless the
Required Lenders shall otherwise consent in writing:

(a)Maximum Leverage Ratio. The U.S. Borrower shall maintain, on the last day of
each Fiscal Quarter, a Leverage Ratio of not more than a ratio of 3.5 to 1.0.

(b)Minimum Interest Coverage Ratio. The U.S. Borrower shall maintain an Interest
Coverage Ratio, as determined as of the last day of each Fiscal Quarter, for the
four Fiscal Quarters ending on such day, of at least a minimum ratio of 3.5 to
1.0.

SECTION 6.02    Reporting Covenants. So long as any obligations under this
Agreement or any Note shall remain unpaid, any Letter of Credit shall be
outstanding or any Lender shall have any Commitment hereunder, the U.S. Borrower
agrees with the Administrative Agent to each of the following, unless the
Required Lenders shall otherwise consent in writing:

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(a)Financial Statements. The U.S. Borrower shall furnish to the Administrative
Agent (with sufficient copies for each of the Lenders or in electronic, readable
and duplicable form) each of the following:

(i)Quarterly Reports. Within 45 days after the end of each Fiscal Quarter of
each Fiscal Year, other than the fourth Fiscal Quarter of such Fiscal Year,
financial information regarding the U.S. Borrower and its Subsidiaries
consisting of Consolidated unaudited balance sheets as of the close of such
quarter and the related statements of income and cash flows for such quarter and
that portion of the Fiscal Year ending as of the close of such quarter, setting
forth in comparative form the figures for the corresponding period in the prior
year, in each case certified by a Responsible Officer of the U.S. Borrower as
fairly presenting the Consolidated financial position of the U.S. Borrower and
its Subsidiaries as at the dates indicated and the results of their operations
and cash flow for the periods indicated in accordance with GAAP (subject to the
absence of footnote disclosure and normal year-end audit adjustments).

(ii)Annual Reports. Within 90 days after the end of each Fiscal Year, financial
information regarding the U.S. Borrower and its Subsidiaries consisting of
Consolidated balance sheets of the U.S. Borrower and its Subsidiaries as of the
end of such year and related statements of income, changes in stockholders'
equity and cash flows of the U.S. Borrower and its Subsidiaries for such Fiscal
Year, all prepared in conformity with GAAP and certified without qualification
as to the scope of the audit by the Borrowers' Accountants, together with the
report of such accounting firm stating that (A) such Financial Statements fairly
present the Consolidated financial position of the U.S. Borrower and its
Subsidiaries as at the dates indicated and the results of their operations and
cash flow for the periods indicated in conformity with GAAP applied on a basis
consistent with prior years (except for changes with which the Borrower's
Accountants shall concur and that shall have been disclosed in the notes to the
Financial Statements) and (B) the examination by the Borrower's Accountants in
connection with such Consolidated Financial Statements has been made in
accordance with generally accepted auditing standards.

(iii)Compliance Certificate. Together with each delivery of any financial
statement pursuant to clause (i) or (ii) above, a certificate of a Responsible
Officer of the U.S. Borrower (each, a “Compliance Certificate”) (A) showing in
reasonable detail the calculations used in determining the Leverage Ratio and
demonstrating compliance with each of the financial covenants contained in
Section 6.01 that is tested on a quarterly basis, and (B) stating that no
Default or Event of Default has occurred and is continuing or, if a Default or
an Event of Default has occurred and is continuing, stating the nature thereof
and the action that the U.S. Borrower proposes to take with respect thereto.

(b)Default Notices.

(i)As soon as practicable, and in any event within five Business Days after a
Responsible Officer of any Borrower has actual knowledge of the existence of any
Default, Event of Default or other event having had a Material Adverse Effect or
having any reasonable likelihood of causing or resulting in a Material Adverse
Change, the U.S. Borrower shall give the Administrative Agent notice specifying
the nature of such Default or Event of Default or other event, including the
anticipated effect thereof,

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which notice, if given by telephone, shall be promptly confirmed in writing on
the next Business Day; and

(ii)As soon as practicable, and in any event within five Business Days after a
Responsible Officer of any of the U.S. Borrower or any of its Material
Subsidiaries has actual knowledge of the existence of any default under any
Indebtedness of the U.S. Borrower or any such Subsidiary which is outstanding in
a principal amount of at least $50,000,000 in the aggregate (but excluding
Indebtedness evidenced by the Notes), the U.S. Borrower shall give the
Administrative Agent notice specifying the nature of such default, including the
anticipated effect thereof, which notice, if given by telephone, shall be
promptly confirmed in writing on the next Business Day.

(c)Litigation. Promptly after the commencement thereof, the U.S. Borrower shall
give the Administrative Agent written notice of the commencement of all actions,
suits and proceedings before any domestic or foreign Governmental Authority or
arbitrator, affecting the U.S. Borrower or any of its Material Subsidiaries that
(i) seeks injunctive or similar relief that, if granted, would reasonably be
expected to have a Material Adverse Effect or (ii) in the reasonable judgment of
the U.S. Borrower or such Material Subsidiary, exposes the U.S. Borrower or such
Material Subsidiary to liability that, if adversely determined, would reasonably
be expected to have a Material Adverse Effect.

(d)SEC Filings; Press Releases. Promptly after the sending or filing thereof,
the U.S. Borrower shall send the Administrative Agent copies, electronic or
otherwise, of (i) all reports that the U.S. Borrower sends to its security
holders generally, (ii) all reports and registration statements that the U.S.
Borrower or any of its Material Subsidiaries files with the SEC or any national
or foreign securities exchange or the National Association of Securities
Dealers, Inc., (iii) all financial and other material press releases and
(iv) all other statements concerning material changes or developments in the
business of any Borrower made available by any Borrower to the public or any
other creditor.

(e)ERISA Matters. The U.S. Borrower shall furnish the Administrative Agent (with
sufficient copies for each of the Lenders or in electronic, readable and
duplicable form) each of the following:

(i)promptly and in any event within 30 days after the U.S. Borrower or any ERISA
Affiliate knows or should reasonably know that any ERISA Event has occurred, a
statement of a principal financial officer of the U.S. Borrower describing such
ERISA Event and the action, if any, which the U.S. Borrower or such ERISA
Affiliate proposes to take with respect thereto;

(ii)promptly and in any event within 10 Business Days after receipt thereof by
the U.S. Borrower or any ERISA Affiliate, copies of each notice from the PBGC
stating its intention to terminate any Plan or to have a trustee appointed to
administer any Plan where such action would have a Material Adverse Effect;

(iii)promptly and in any event within 20 Business Days after receipt thereof by
the U.S. Borrower or any ERISA Affiliate from the sponsor of a Multiemployer
Plan, a copy of each notice received by the U.S. Borrower or any ERISA Affiliate
(1) that it has incurred a Withdrawal Liability to a Multiemployer Plan, (2) of
the reorganization or termination, within the meaning of Title IV of ERISA, of
any

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Multiemployer Plan or (3) the amount of liability incurred, or which may be
incurred, by the U.S. Borrower or any ERISA Affiliate in connection with any
event described in clause (1) or (2) above.

(f)Other Information. The U.S. Borrower shall provide the Administrative Agent
and each requesting Lender with such other information respecting the business,
properties, condition, financial or otherwise, or operations of the U.S.
Borrower or any of its Subsidiaries as the Administrative Agent or such Lender
through the Administrative Agent may from time to time reasonably request.

SECTION 6.03    Affirmative Covenants. So long as any obligations under this
Agreement or any Note shall remain unpaid, any Letter of Credit shall be
outstanding or any Lender shall have any Commitment hereunder, the U.S. Borrower
agrees with the Administrative Agent to each of the following, unless the
Required Lenders shall otherwise consent in writing:

(a)Preservation of Corporate Existence, Etc. The U.S. Borrower shall, and shall
cause each of its Material Subsidiaries to, preserve and maintain its legal
existence, rights (charter and statutory) and franchises, except as permitted by
Section 6.04(b).
(b)Compliance with Laws, Etc. The U.S. Borrower shall, and shall cause each of
its Subsidiaries to, comply with all applicable Requirements of Law, Contractual
Obligations and Permits, including ERISA and Environmental Laws, except where
the failure so to comply would not, in the aggregate, reasonably be expected to
have a Material Adverse Effect.
(c)Conduct of Business. The U.S. Borrower shall, and shall cause each of its
Subsidiaries to, (a) conduct its business in the ordinary course consistent with
past practice and (b) use its reasonable efforts, in the ordinary course and
consistent with past practice, to preserve its business and the goodwill and
business of the customers, advertisers, suppliers and others having business
relations with the U.S. Borrower or any of its Subsidiaries, except in each case
where the failure to comply with the covenants in each of clauses (a) and (b)
above would not, in the aggregate, reasonably be expected to have a Material
Adverse Effect.
(d)Payment of Taxes, Etc. The U.S. Borrower shall, and shall cause each of its
Material Subsidiaries to, pay and discharge before the same shall become
delinquent, all U.S. federal taxes and all other material and lawful
governmental claims, taxes, assessments, charges and levies, except where
contested in good faith, by proper proceedings and adequate reserves therefor
have been established on the books of the U.S. Borrower or the appropriate
Subsidiary in conformity with GAAP or locally applicable accounting principles.
(e)Maintenance of Insurance. The U.S. Borrower shall maintain for itself, and
cause to be maintained for each of its Material Subsidiaries, insurance with
responsible and reputable insurance companies or associations in such amounts
(subject to customary retentions and deductibles) and covering such risks as is
usually carried by companies engaged in similar businesses and owning similar
properties in the same general areas in which the U.S. Borrower or such
Subsidiary operates.
(f)Access. The U.S. Borrower shall from time to time permit the Administrative
Agent and the Lenders, or any agents or representatives thereof, within two
Business Days after written notification of the same (except that during the
continuance of an Event of Default, no such notice shall be required) to
(i) examine and make copies of and

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abstracts from the records and books of account of the U.S. Borrower and each of
its Material Subsidiaries, (ii) visit the properties of the U.S. Borrower and
each of its Material Subsidiaries, (iii) discuss the affairs, finances and
accounts of the U.S. Borrower and each of its Material Subsidiaries with any of
their respective officers or directors and (iv) communicate directly with any of
its certified public accountants (including the Borrowers' Accountants). The
U.S. Borrower shall authorize its certified public accountants (including the
Borrowers' Accountants) to disclose to the Administrative Agent or any Lender
any and all financial statements and other information of any kind, as the
Administrative Agent or any Lender reasonably requests from the U.S. Borrower
and that such accountants may have with respect to the business, financial
condition, results of operations or other affairs of the U.S. Borrower or any of
its Material Subsidiaries; provided that any such disclosures shall be
considered Confidential Information governed by Section 9.11 hereof.
(g)Keeping of Books. The U.S. Borrower shall, and shall cause each of its
Material Subsidiaries to, keep proper books of record and account, in which full
and correct entries shall be made in conformity with GAAP of all financial
transactions and the assets and business of the U.S. Borrower and each such
Material Subsidiary.
(h)Maintenance of Properties, Etc. The U.S. Borrower shall, and shall cause each
of its Material Subsidiaries to, maintain and preserve (a) in good working order
and condition all of its properties necessary in the conduct of its business,
(b) all rights, permits, licenses, approvals and privileges (including all
Permits) used or useful or necessary in the conduct of its business and (c) all
registered patents, trademarks, trade names, copyrights and service marks with
respect to its business, except where failure to so maintain and preserve the
items set forth in clauses (a), (b) and (c) above would not, in the aggregate,
reasonably be expected to have a Material Adverse Effect.
(i)Application of Proceeds. The entire amount of the Letters of Credit or the
proceeds of the Loans shall be used by the Borrowers (i) to refinance the
existing debt of the Borrowers under the Existing Credit Agreement, (ii) pay any
related transaction costs, fees and expenses and (iii) for general corporate
purposes, including commercial paper backstop.
(j)Environmental. The U.S. Borrower shall, and shall cause all of its Material
Subsidiaries to, comply in all material respects with Environmental Laws and,
without limiting the foregoing, the U.S. Borrower shall, at its sole cost and
expense, upon receipt of any notification or otherwise obtaining knowledge of
any Release or other event that has any reasonable likelihood of the U.S.
Borrower and its Material Subsidiaries incurring material Environmental
Liabilities and Costs, (a) conduct or pay for consultants to conduct, such tests
or assessments of environmental conditions at such operations or properties as
the U.S. Borrower deems appropriate under the circumstances and (b) take such
Remedial Action and undertake such investigation or other action as required by
Environmental Laws or as any Governmental Authority requires or as is
appropriate and consistent with good business practice to address the Release or
event and otherwise ensure compliance with Environmental Laws.
(k)Post-Closing Matters. The Borrowers shall comply with the terms and
conditions set forth on Schedule 6.03(k) within the time periods specified in
such schedule, which such time periods may be extended by the Administrative
Agent, in its sole discretion.

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SECTION 6.04    Negative Covenants. So long as any obligations under this
Agreement or any Note shall remain unpaid, any Letter of Credit shall be
outstanding or any Lender shall have any Commitment hereunder, the U.S. Borrower
agrees with the Administrative Agent to each of the following, unless the
Required Lenders shall otherwise consent in writing:
(a)Liens, Etc. The U.S. Borrower shall not, and shall not permit any of its
Material Subsidiaries to, create or suffer to exist, any Lien upon or with
respect to any of their respective properties or assets, whether now owned or
hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any
right to receive income, except for the following:
(i)Liens existing on the date of this Agreement and disclosed on Schedule
6.04(a) (Existing Liens);
(ii)Customary Permitted Liens of the U.S. Borrower and the U.S. Borrower's
Material Subsidiaries;
(iii)purchase money Liens granted by the U.S. Borrower or any Material
Subsidiary of the U.S. Borrower (including Liens arising pursuant to Capital
Leases and purchase money mortgages or security interests securing Indebtedness
representing or financing the purchase price of equipment (or improvements to
existing equipment) acquired by the U.S. Borrower or any Material Subsidiary of
the U.S. Borrower) and limited in each case to the property purchased with the
proceeds of such purchase money Indebtedness or subject to such Capital Lease;
(iv)any Lien securing the renewal, extension, refinancing or refunding of any
Indebtedness secured by any Lien permitted by clause (i) or (iii) above or this
clause (iv) without any change in the assets subject to such Lien;
(v)Liens in favor of lessors securing operating leases permitted hereunder;
(vi)Liens on any tangible or intangible asset or property of a Foreign
Subsidiary securing the Foreign Credit Lines of such Foreign Subsidiary or a
refinancing thereof;
(vii)Liens created in connection with a Receivables Transaction; provided,
however, that the aggregate outstanding amount of all Indebtedness secured by
such Liens created pursuant to this paragraph (vii) does not exceed
$500,000,000; and
(viii)Liens that are not otherwise permitted by the foregoing clauses of this
Section 6.04(a) securing obligations or other liabilities of any Subsidiary;
provided, however, that the aggregate outstanding amount of all such obligations
and liabilities shall not exceed $100,000,000 at any time.
(b)Restriction on Fundamental Changes. The U.S. Borrower shall not, and shall
not permit any of its Material Subsidiaries to:
(i)merge or consolidate with or into, or

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(ii)convey, transfer, lease or otherwise dispose of (whether in one transaction
or a series of transactions) all or substantially all of the property (whether
now owned or hereafter acquired) of the U.S. Borrower and its Subsidiaries,
taken as a whole, to, or
(iii)convey, transfer, lease or otherwise dispose of (whether in one transaction
or a series of transactions, and whether by or pursuant to merger, consolidation
or any other arrangement), any property (whether now owned or hereafter
acquired) essential to the conduct of the U.S. Borrower and its Subsidiaries,
taken as a whole, to,
any Person; provided, however, that so long as no Default shall have occurred
and then be continuing or would result therefrom,
(A)the U.S. Borrower may merge or consolidate with another Person so long as the
U.S. Borrower is the surviving entity; and
(B)any domestic Material Subsidiary may merge or consolidate with the U.S.
Borrower or another domestic Material Subsidiary, so long as (1) the surviving
entity is a domestic corporation and (2) the Person surviving such consolidation
or merger (other than a consolidation or merger with or into the U.S. Borrower)
is a domestic Material Subsidiary.
(c)Change in Nature of Business. The U.S. Borrower shall not, and shall not
permit any of its Subsidiaries to, make any material change in the nature or
conduct of FMC's Business, whether in connection with a transaction permitted by
Section 6.04(b) or otherwise.
(d)Modification of Constituent Documents. The U.S. Borrower shall not, nor shall
it permit any of its Subsidiaries to, change its capital structure (including in
the terms of its outstanding Stock) or otherwise amend its Constituent
Documents, except for changes and amendments that would not reasonably be
expected to have a Material Adverse Effect.
(e)Accounting Changes; Fiscal Year. The U.S. Borrower shall not change its
(a) accounting treatment and reporting practices or tax reporting treatment,
except as required or permitted by GAAP, or (b) Fiscal Year.
(f)Margin Regulations. The U.S. Borrower shall not, and shall not permit any of
its Material Subsidiaries to, use all or any portion of the proceeds of any
credit extended hereunder to purchase or carry margin stock (within the meaning
of Regulation U of the Federal Reserve Board) in contravention of Regulation U
of the Federal Reserve Board.
(g)No Speculative Transactions. The U.S. Borrower shall not, and shall not
permit any of its Subsidiaries to, enter into any Hedging Contract solely for
speculative purposes or other than for the purpose of hedging risks associated
with the businesses of the U.S. Borrower and its Material Subsidiaries, as done
in the ordinary course of such businesses.
(h)Compliance with ERISA. The U.S. Borrower shall not cause or permit to occur,
and shall not permit any of its ERISA Affiliates to cause or permit to occur,
(a) an event that could result in the imposition of a Lien under Section 412 of
the Code or Section 302 or 4068 of ERISA or (b) ERISA Events that would have a
Material Adverse Effect in the aggregate.

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ARTICLE VII

EVENTS OF DEFAULT

SECTION 7.01    Events of Default. If any of the following events (“Events of
Default”) shall occur and be continuing:
(a)(i) Any Borrower shall fail to pay any principal of any Loan or Reimbursement
Obligation when the same becomes due and payable; or (ii) any Borrower shall
fail to pay any interest on any Loan or Reimbursement Obligation, or any other
payment under any Loan Document, for a period of three Business Days after the
same becomes due and payable; or
(b)Any representation or warranty made or deemed made by any Borrower herein or
by any Borrower (or any of its officers) under or in connection with any Loan
Document shall prove to have been incorrect in any material respect when made or
deemed made; or
(c)The U.S. Borrower shall fail to perform or observe (i) any term, covenant or
agreement contained in Section 6.01, Section 6.02(a) or (b), Section 6.03(a) or
(i) or Section 6.04, or (ii) any other term, covenant or agreement contained in
this Agreement on its part to be performed or observed if the failure to perform
or observe such other term, covenant or agreement shall remain unremedied for
30 days after written notice thereof shall have been given to the U.S. Borrower
by the Administrative Agent or the Required Lenders; or
(d)(i) The U.S. Borrower or any of its Material Subsidiaries shall fail to pay
any principal of or premium or interest on any Indebtedness which is outstanding
in a principal amount of at least $50,000,000 in the aggregate (but excluding
Indebtedness evidenced by the Notes) of the U.S. Borrower or such Subsidiary (as
the case may be), when the same becomes due and payable (whether by scheduled
maturity, required prepayment, acceleration, demand or otherwise), and such
failure shall continue after the applicable grace period, if any, specified in
the agreement or instrument relating to such Indebtedness, (ii) any such
Indebtedness shall become or be declared to be due and payable, or be required
to be prepaid or repurchased (other than by a regularly scheduled required
prepayment), prior to the stated maturity thereof and the U.S. Borrower or such
Subsidiary shall have failed to make such payment or effect such repurchase, and
such failure shall continue after the applicable grace period, if any, specified
in the agreement or instrument relating to such Indebtedness, or (iii) any other
event shall occur or condition shall exist under any agreement or instrument
relating to any such Indebtedness, if the effect of such event or condition is
to accelerate, or to permit the acceleration of, the maturity of such
Indebtedness, provided that any required notice of such event or condition shall
have been given or any applicable grace period shall have expired; provided,
however, that if there is acceleration of any Indebtedness which is included
under this clause (d) solely because of a Guarantee by the U.S. Borrower or one
of its Material Subsidiaries, an Event of Default will not exist under this
clause (d) so long as the U.S. Borrower or such Material Subsidiary, as the case
may be, fully performs its obligations in a timely manner under such Guarantee
upon demand therefor by the beneficiary thereof; or
(e)The U.S. Borrower or any of its Material Subsidiaries shall generally not pay
its debts as such debts become due, or shall admit in writing its inability to
pay its debts generally, or shall make a general assignment for the benefit of
creditors; or any proceeding shall

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be instituted by or against the U.S. Borrower or any of its Material
Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking
liquidation, winding up, reorganization, arrangement, adjustment, protection,
relief, or composition of it or its debts under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an
order for relief or the appointment of a receiver, trustee, custodian or other
similar official for it or for any substantial part of its property and, in the
case of any such proceeding instituted against it (but not instituted by it),
either such proceeding shall remain undismissed or unstayed for a period of
60 days, or any of the actions sought in such proceeding (including, without
limitation, the entry of an order for relief against, or the appointment of a
receiver, trustee, custodian or other similar official for, it or for any
substantial part of its property) shall occur; or the U.S. Borrower or any of
its Material Subsidiaries shall take any corporate action to authorize any of
the actions set forth above in this subsection (e); or
(f)One or more judgments or orders for the payment of money in excess of
$50,000,000 in the aggregate and not covered by insurance shall be rendered
against the U.S. Borrower or any of its Material Subsidiaries and either
(i) enforcement proceedings shall have been commenced by any creditor upon such
judgment or order or (ii) there shall be any period of 30 consecutive days
during which a stay of enforcement of such judgment or order, by reason of a
pending appeal or otherwise, shall not be in effect; or
(g)Any ERISA Event shall have occurred and the amount of all liabilities and
deficiencies resulting therefrom, whether or not assessed, would reasonably be
expected to have a Material Adverse Effect; or
(h)The U.S. Borrower or any ERISA Affiliate shall have been notified by the
sponsor of a Multiemployer Plan that it has incurred Withdrawal Liability to
such Multiemployer Plan which would reasonably be expected to have a Material
Adverse Effect;
(i)The U.S. Borrower or any ERISA Affiliate shall have been notified by the
sponsor of a Multiemployer Plan that such Multiemployer Plan is in
reorganization or is being terminated, within the meaning of Title IV of ERISA,
and such reorganization or termination would reasonably be expected to have a
Material Adverse Effect;
(j)The Guaranty set forth in Article X hereof shall cease to be valid and
binding on, or enforceable against, the U.S. Borrower or the U.S. Borrower shall
so state in writing; or
(k)there shall occur any Change of Control;

then, and in any such event, the Administrative Agent (i) shall at the request,
or may with the express consent, of the Required Lenders, by notice to the U.S.
Borrower, declare the obligation of each Lender to make Loans and of the Issuing
Banks to issue Letters of Credit to be terminated, whereupon the same shall
forthwith terminate, and (ii) shall at the request, or may with the express
consent, of the Required Lenders, by notice to the U.S. Borrower, declare the
Loans and other Obligations to be forthwith due and payable, whereupon the Loans
and other Obligations shall become and be forthwith due and payable, without
presentment, demand, protest or further notice of any kind, all of which are
hereby expressly waived by each Borrower; provided, however, that upon the
occurrence of any Event of Default specified in Section 7.01(e), (A) the
obligation of each Lender to make Loans and of each Issuing Bank to issue
Letters of Credit shall automatically be terminated and (B) the Loans and other
Obligations shall
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automatically become and be due and payable, without presentment, demand,
protest or any notice of any kind, all of which are hereby expressly waived by
each Borrower.
SECTION 7.02    Actions in Respect of the Letters of Credit Upon Event of
Default; L/C Cash Collateral Account; Investing of Amounts in the L/C Cash
Collateral Account; Release.
(a)Upon (i) the occurrence and during the continuance of any Event of Default
and (ii) the making of the request or the granting of the consent specified by
Section 7.01 to authorize the Administrative Agent to declare the Loans due and
payable pursuant to the provisions of Section 7.01, the Administrative Agent
may, and at the request of the Required Lenders shall, irrespective of whether
it is taking any of the actions described in Section 7.01 or otherwise, make
demand upon the U.S. Borrower to, and forthwith upon such demand the U.S.
Borrower will, pay to the Administrative Agent on behalf of the Lenders in same
day funds at the Administrative Agent's office designated in such demand, for
deposit in the L/C Cash Collateral Account, an amount equal to the aggregate
Available Amount of all Letters of Credit then outstanding in the Currency of
such Letters of Credit; provided, however, that upon the occurrence of any Event
of Default specified in Section 7.01(e), such payments by the U.S. Borrower
pursuant to this Section 7.02(a) shall automatically be required to be made. If
at any time the Administrative Agent determines that any funds held in the L/C
Cash Collateral Account are subject to any equal or prior right or claim of any
Person other than any Agent and the Lenders pursuant to this Agreement or that
the total amount of such funds is less than the aggregate Available Amount of
all Letters of Credit, the U.S. Borrower will, forthwith upon demand by the
Administrative Agent, pay to the Administrative Agent, as additional funds to be
deposited and held in the L/C Cash Collateral Account, an amount equal to the
excess of (1) such aggregate Available Amount over (2) the total amount of
funds, if any, then held in the L/C Cash Collateral Account that the
Administrative Agent determines to be free and clear of any such equal or prior
right and claim.
(b)The U.S. Borrower hereby authorizes the Administrative Agent to open at any
time upon the occurrence and during the continuance of an Event of Default a
non‑interest bearing account with the Administrative Agent at its address
designated in Section 9.02 in the name of the U.S. Borrower but in connection
with which the Administrative Agent shall be the sole entitlement holder or
customer (the “L/C Cash Collateral Account”), and hereby pledges and assigns and
grants to the Administrative Agent on behalf of the Lenders a security interest
in the following collateral (the “L/C Cash Collateral Account Collateral”):
(i)the L/C Cash Collateral Account, all funds held therein and all certificates
and instruments, if any, from time to time representing or evidencing the
investment of funds held therein,
(ii)all L/C Cash Collateral Account Investments from time to time, and all
certificates and instruments, if any, from time to time representing or
evidencing the L/C Cash Collateral Account Investments,
(iii)all notes, certificates of deposit, deposit accounts, checks and other
instruments from time to time delivered to or otherwise possessed by the
Administrative Agent for or on behalf of the U.S. Borrower in substitution for
or in addition to any or all of the then existing L/C Cash Collateral Account
Collateral,

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(iv)all interest, dividends, cash, instruments and other property from time to
time received, receivable or otherwise distributed in respect of or in exchange
for any or all of the then existing L/C Cash Collateral Account Collateral, and
(v)all proceeds of any and all of the foregoing L/C Cash Collateral Account
Collateral.
(c)If requested by the U.S. Borrower, the Administrative Agent will, subject to
the provisions of clause (e) below, from time to time (i) invest amounts on
deposit in the L/C Cash Collateral Account in such notes, certificates of
deposit and other debt instruments as the U.S. Borrower may select and the
Administrative Agent may approve and (ii) invest interest paid on the notes,
certificates of deposit and other instruments referred to in clause (i) above,
and reinvest other proceeds of any such notes, certificates of deposit and other
instruments which may mature or be sold, in each case in such notes,
certificates of deposit and other debt instruments as the U.S. Borrower may
select and the Administrative Agent may approve (the notes, certificates of
deposit and other instruments referred to in clauses (i) and (ii) above being
collectively “L/C Cash Collateral Account Investments”). Interest and proceeds
that are not invested or reinvested in L/C Cash Collateral Account Investments
as provided above shall be deposited and held in the L/C Cash Collateral
Account.
(d)Upon such time as (i) the aggregate Available Amount of all Letters of Credit
is reduced to zero and such Letters of Credit are expired or terminated by their
terms and all amounts payable in respect thereof, including but not limited to
principal, interest, commissions, fees and expenses, have been paid in full in
cash, and (ii) no Event of Default has occurred and is continuing under this
Agreement, the Administrative Agent will pay and release to the U.S. Borrower or
at its order (a) accrued interest due and payable on the L/C Cash Collateral
Account Investments and in the L/C Cash Collateral Account, and (b) the balance
remaining in the L/C Cash Collateral Account after the application, if any, by
the Administrative Agent of funds in the L/C Cash Collateral Account to the
payment of amounts described in clause (i) of this subsection (d).
(e)(i)    The Administrative Agent may, without notice to the U.S. Borrower or
any other Person except as required by law and at any time or from time to time,
charge, set‑off and otherwise apply all or any part of the L/C Cash Collateral
Account against the obligations of the Borrowers in respect of Letters of Credit
(collectively, the “L/C Cash Collateral Account Obligations”) or any part
thereof. The Administrative Agent agrees to notify the U.S. Borrower promptly
after any such set‑off and application, provided that the failure of the
Administrative Agent to give such notice shall not affect the validity of such
set‑off and application.
(ii)The Administrative Agent may also exercise in respect of the L/C Cash
Collateral Account Collateral, in addition to other rights and remedies provided
for herein or otherwise available to it, all the rights and remedies of a
secured party on default under the Uniform Commercial Code in effect in the
State of New York at that time (the “UCC”) (whether or not the UCC applies to
the affected L/C Cash Collateral Account Collateral), and may also, without
notice except as specified below, sell the L/C Cash Collateral Account
Collateral or any part thereof in one or more parcels at public or private sale,
at any of the Administrative Agent's offices or elsewhere, for cash, on credit
or for future delivery, and upon such other terms as the Administrative Agent
may deem commercially reasonable. Each Borrower agrees that, to the extent
notice of sale shall be

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required by law, at least ten days' notice to the U.S. Borrower of the time and
place of any public sale or the time after which any private sale is to be made
shall constitute reasonable notification. The Administrative Agent shall not be
obligated to make any sale of L/C Cash Collateral Account Collateral regardless
of notice of sale having been given. The Administrative Agent may adjourn any
public or private sale from time to time by announcement at the time and place
fixed therefor, and such sale may, without further notice, be made at the time
and place to which it was so adjourned.
(iii)Any cash held by the Administrative Agent as L/C Cash Collateral Account
Collateral and all cash proceeds received by the Administrative Agent in respect
of any sale of, collection from, or other realization upon all or any part of
the L/C Cash Collateral Account Collateral may, in the discretion of the
Administrative Agent, be held by the Administrative Agent as collateral for,
and/or then or at any time thereafter be applied in whole or in part by the
Administrative Agent against, all or any part of the L/C Cash Collateral Account
Obligations in such order as the Administrative Agent shall elect. Any surplus
of such cash or cash proceeds held by the Administrative Agent and remaining
after payment in full of all the L/C Cash Collateral Account Obligations shall
be paid over to the U.S. Borrower or to whomsoever may be lawfully entitled to
receive such surplus.
(f)Upon the permanent reduction from time to time of the aggregate Available
Amount of all Letters of Credit in accordance with the terms thereof, the
Administrative Agent shall release to the U.S. Borrower amounts from the L/C
Cash Collateral Account in an amount equal to each such permanent reduction;
provided that the Administrative Agent shall not be obligated to reduce the
funds or other L/C Cash Collateral Account Collateral then held in the L/C Cash
Collateral Account below that level that the Administrative Agent reasonably
determines is required to be maintained after taking into consideration any
rights or claims of any Persons other than the Administrative Agent and the
Lenders.
(g)In furtherance of the grant of the pledge and security interest pursuant to
this Section 7.02, the U.S. Borrower hereby agrees with each Lender and the
Administrative Agent that the U.S. Borrower shall give, execute, deliver, file
and/or record any financing statement, notice, instrument, document, agreement
or other papers that may be necessary or desirable (in the reasonable judgment
of the Administrative Agent) to create, preserve, perfect or validate the
security interest granted pursuant hereto or to enable the Administrative Agent
to exercise and enforce its rights hereunder with respect to such pledge and
security interests.

ARTICLE VIII

THE ADMINISTRATIVE AGENT

SECTION 8.01    Authorization and Action. Each Lender hereby appoints and
authorizes the Administrative Agent to take such action as agent on its behalf
and to exercise such powers under this Agreement as are delegated to the
Administrative Agent by the terms hereof, together with such powers as are
reasonably incidental thereto. As to any matters not expressly provided for by
this Agreement (including, without limitation, enforcement or collection of the
Notes), the Administrative Agent shall not be required to exercise any
discretion or take any action, but shall be required to act or to refrain from
acting (and shall be fully protected in so acting or refraining from acting)
upon the instructions of the Required Lenders, and such instructions shall be
binding upon all Lenders and all holders of Notes; provided that the

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Administrative Agent shall not be required to take any action which exposes the
Administrative Agent to personal liability or which is contrary to this
Agreement or applicable law. The Administrative Agent agrees to give to each
Lender prompt notice of each notice given to it by any Borrower pursuant to the
terms of this Agreement.

SECTION 8.02    Reliance, Etc.

(a)None of the Agents nor any of their respective directors, officers, agents or
employees shall be liable for any action taken or omitted to be taken by it or
them under or in connection with the Loan Documents, except for its or their own
gross negligence or willful misconduct. Without limitation of the generality of
the foregoing, the Administrative Agent: (i) may treat the payee of any Note as
the holder thereof until the Administrative Agent receives and accepts an
Assignment and Acceptance entered into by the Lender which is the payee of such
Note, as assignor, and an Eligible Assignee, as assignee, as provided in
Section 9.07; (ii) may consult with legal counsel (including counsel for any
Borrower), independent public accountants and other experts selected by it and
shall not be liable for any action taken or omitted to be taken in good faith by
it in accordance with the advice of such counsel, accountants or experts;
(iii) makes no warranty or representation to any Lender and shall not be
responsible to any Lender for any statements, warranties or representations
(whether written or oral) made in or in connection with this Agreement;
(iv) shall not have any duty to ascertain or to inquire as to the performance or
observance of any of the terms, covenants or conditions of this Agreement on the
part of any Borrower or to inspect the property (including the books and
records) of any Borrower; (v) shall not be responsible to any Lender for the due
execution, legality, validity, enforceability, genuineness, sufficiency or value
of this Agreement or any other instrument or document furnished pursuant hereto;
and (vi) shall incur no liability under or in respect of this Agreement by
acting upon any notice, consent, certificate or other instrument or writing
(which may be by telecopier, telegram, cable or telex) believed by it to be
genuine and signed or sent by the proper party or parties.
(b)The Arrangers, as such, the Documentation Agent, as such, and the Syndication
Agent, as such, each referred to on the cover page hereto, shall have no duties
or obligations whatsoever to the Lenders under or with respect to this
Agreement, the Notes or any other document or any matter related thereto.

SECTION 8.03    The Agents and their Affiliates as Lenders. With respect to its
respective Commitment as a Lender, the Loans made by it as a Lender, the Letters
of Credit issued by it as an Issuing Bank and the Notes issued to it as a
Lender, each of the Agents party to this Agreement as Lender and/or Issuing Bank
shall have the same rights and powers under this Agreement as any other Lender
in its capacity as a Lender and/or any other Issuing Bank in its capacity as
Issuing Bank and may exercise the same as though it were not an Agent; and the
term “Lender” or “Lenders” shall, unless otherwise expressly indicated, include
each Agent in its individual capacity as a Lender and/or an Issuing Bank. Each
Agent, in its individual capacity as a Lender and/or an Issuing Bank, and its
affiliates may accept deposits from, lend money to, act as trustee under
indentures of, and generally engage in any kind of business with, any Borrower,
any of its Subsidiaries and any Person who may do business with or own
securities of any Borrower or any such Subsidiary, all as if the such Agent were
not an Agent under this Agreement and without any duty to account therefor to
the Lenders.

SECTION 8.04    Lender Credit Decision. Each Lender acknowledges that it has,
independently and without reliance upon any Agent or any other Lender and based
on the

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financial statements referred to in Section 5.03 and such other documents and
information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement. Each Lender also acknowledges that it
will, independently and without reliance upon any Agent or any other Lender and
based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action
under this Agreement.

SECTION 8.05    Indemnification. The Lenders severally agree to indemnify the
Administrative Agent, each Issuing Bank and the Swing Loan Lender (in each case
to the extent the U.S. Borrower fails to pay the same pursuant to
Section 9.04(b) or otherwise), ratably according to their respective pro rata
share, from and against any and all claims, damages, losses, liabilities and
expenses of any kind or nature whatsoever which may be imposed on, incurred by,
or asserted against such Person in any way relating to or arising out of this
Agreement or any action taken or omitted by such Person under this Agreement in
its respective capacity as an agent hereunder, provided that no Lender shall be
liable for any portion of such liabilities, obligations, losses, damages,
actions, judgments, suits, costs, expenses or disbursements resulting from the
gross negligence or willful misconduct of the Administrative Agent, such Issuing
Bank or the Swing Loan Lender, as applicable. Without limitation of the
foregoing, each Lender agrees to reimburse the Administrative Agent promptly
upon demand for its ratable share of any out‑of‑pocket expenses (including
counsel fees but excluding normal administrative expenses expressly excluded
under Section 9.04(a)) incurred by the Administrative Agent in connection with
the preparation, execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of,
or legal advice in respect of rights or responsibilities under, this Agreement,
to the extent that the Administrative Agent is not reimbursed for such expenses
by the U.S. Borrower as required under Section 9.04(a).

SECTION 8.06    Successor Administrative Agent. The Administrative Agent may
resign at any time by giving written notice thereof to the Lenders and the U.S.
Borrower and may be removed at any time with or without cause by the Required
Lenders. Upon any such resignation or removal, the Required Lenders shall have
the right to appoint a successor Administrative Agent with the consent of the
U.S. Borrower, which consent shall not be unreasonably withheld. If no successor
Administrative Agent shall have been so appointed by the Required Lenders, and
shall have accepted such appointment, within 30 days after the retiring
Administrative Agent's giving of notice of resignation or the Required Lenders'
removal of the retiring Administrative Agent, then the retiring Administrative
Agent may, on behalf of the Lenders appoint a successor Administrative Agent,
which shall be an Eligible Assignee and a commercial bank organized under the
laws of the United States of America or of any State thereof and having a
combined capital and surplus of at least $50,000,000. Upon the acceptance of any
appointment as Administrative Agent hereunder by a successor Administrative
Agent, such successor Administrative Agent shall thereupon succeed to and become
vested with all the rights, powers, privileges and duties of the retiring
Administrative Agent, and the retiring Administrative Agent shall be discharged
from its duties and obligations under this Agreement. After any retiring
Administrative Agent's resignation or removal hereunder as Administrative Agent,
the provisions of this Article VIII (The Administrative Agent) shall inure to
its benefit as to any actions taken or omitted to be taken by it while it was
Administrative Agent under this Agreement.

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SECTION 8.07    No Other Duties, Etc. Anything herein to the contrary
notwithstanding, none of the Arrangers, the Documentation Agent or the
Syndication Agent 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 a Lender hereunder.

ARTICLE IX

MISCELLANEOUS

SECTION 9.01    Amendments, Etc. No amendment or waiver of any provision of this
Agreement or the Notes, nor consent to any departure by any Borrower therefrom,
shall in any event be effective unless the same shall be in writing and signed
by the Required Lenders, and then such waiver or consent shall be effective only
in the specific instance and for the specific purpose for which given; provided,
however, that no amendment, waiver or consent shall, unless in writing and
signed by all the Lenders, do any of the following: (a) waive any of the
conditions specified in Section 4.01 or 4.02, (b) reduce any fees or other
amounts payable hereunder, (c) postpone any date fixed for any payment of any
fees or other amounts payable hereunder, (d) change the percentage of the
Commitments or of the aggregate unpaid principal amount of the Loans, or the
number of Lenders, which shall be required for the Lenders or any of them to
take any action hereunder, (e) release the Guaranty set forth in Article X
(Guaranty) or (f) amend this Section 9.01 or any other Section of this
Agreement, the effect of which amendment is to alter the pro rata sharing of
payments or pro rata funding required thereby; and provided further that (1) no
amendment, waiver or consent shall affect the rights or duties of the
Administrative Agent, and any Issuing Bank or the Swing Loan Lender, as the case
may be, under this Agreement or any Note, unless such amendment, waiver or
consent is in writing and signed by the Administrative Agent, such Issuing Bank
or the Swing Loan Lender, as the case may be, in addition to the Lenders
required above to take such action, (2) subject to the provisions of
Sections 2.06 and 2.15, no amendment, waiver or consent shall reduce the
principal of, or interest on, the Revolving Loans or Notes or postpone any date
fixed for any payment of principal of, or interest on, the Revolving Loans or
Notes, unless in each case signed by all of the Lenders, (3) no amendment,
waiver or consent shall reduce the principal of, or interest on, the Swing Loans
or postpone any date fixed for any payment of principal of, or interest on, the
Swing Loans, unless in each case signed by all of the affected Swing Loan
Lenders, (4) no amendment, waiver or consent shall reduce the principal of, or
interest on, the Letter of Credit Loans or postpone any date fixed for any
payment of principal of, or interest on, the Letter of Credit Loans, unless in
each case signed by each affected Lender, (5) subject to the provisions of
Sections 2.06 and 2.15, no amendment, waiver or consent shall extend the
Termination Date of the Commitment or increase the Commitment of any Lender or
subject any Lender to any additional obligations, unless signed by such Lender
and (6) no amendment, waiver or consent shall be made to Section 2.04, unless
signed by each Lender affected by such amendment, waiver or consent.
Anything herein to the contrary notwithstanding, during such period as a Lender
is a Defaulting Lender, to the fullest extent permitted by applicable law, such
Defaulting Lender will not be entitled to vote in respect of amendments and
waivers hereunder and the Commitment and the outstanding Loans or other
extensions of credit of such Lender hereunder will not be taken into account in
determining whether the Required Lenders or all of the Lenders, as required,
have approved any such amendment or waiver (and the definition of “Required
Lenders” will automatically be deemed modified accordingly for the duration of
such period);
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provided, that any such amendment or waiver that would increase or extend the
term of the Commitment of such Defaulting Lender, extend the date fixed for the
payment of principal or interest owing to such Defaulting Lender hereunder,
reduce the principal amount of any obligation owing to such Defaulting Lender,
reduce the amount of or the rate or amount of interest on any amount owing to
such Defaulting Lender or of any fee payable to such Defaulting Lender
hereunder, or alter the terms of this proviso, will require the consent of such
Defaulting Lender.
SECTION 9.02    Notices, Etc.
(a)All notices and other communications provided for hereunder shall be in
writing (including telecopy communication) and mailed, telegraphed, telecopied,
telexed, cabled or delivered, to the addresses specified in Schedule III hereto;
or to the U.S. Borrower or the Administrative Agent, at such other address as
shall be designated by such party in a written notice to the other parties and,
to each other party, at such other address as shall be designated by such party
in a written notice to the U.S. Borrower and the Administrative Agent. All such
notices and communications shall, (a) when mailed, be effective three Business
Days after the same is deposited in the mails, (b) when mailed for next day
delivery by a reputable freight company or reputable overnight courier service,
be effective one Business Day thereafter, and (c) when sent by telegraph,
telecopy, telex or cable, be effective when the same is telegraphed, telecopied
and receipt thereof is confirmed by telephone or return telecopy, confirmed by
telex answerback or delivered to the cable company, respectively, except that
notices and communications to the Administrative Agent pursuant to Article II
(Amounts and Terms of Loans), III (Making the Loans and Issuing the Letters of
Credit) or VIII (The Administrative Agent) shall not be effective until received
by the Administrative Agent.
(b)Electronic Communications.
(i)Delivery of Communications by the U.S. Borrower. The U.S. Borrower (on behalf
of itself and on behalf of each Borrower) agrees that, unless otherwise
requested by the Administrative Agent, it will provide to the Administrative
Agent all information, documents and other materials that it is obligated to
furnish to the Administrative Agent pursuant to this Agreement and the other
Loan Documents, including, without limitation, all notices, requests, financial
statements, financial and other reports, certificates and other information
materials, but excluding any such communication that (A) relates to a request
for a new, or a Conversion of an existing, Borrowing (including any election of
an interest rate or Interest Period relating thereto), (B) relates to the
payment of any principal or other amount due under this Agreement prior to the
scheduled date therefor, (C) provides notice of any Default or Event of Default
under this Agreement, (D) is required to be delivered to satisfy any condition
precedent in Article IV (Conditions to Lending) relating to the effectiveness of
this Agreement and/or any Borrowing or (E) initiates or responds to legal
process (all such non‑excluded information being referred to herein collectively
as the “Communications”), by transmitting the Communications in an
electronic/soft medium (provided such Communications contain any required
signatures) in a format acceptable to the Administrative Agent to the email
address specified on Schedule III hereto or such other e‑mail address designated
by the Administrative Agent from time to time.
(ii)Use of Web Platforms. Each party hereto agrees that the Administrative Agent
may make the Communications available to the Lenders by posting

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the Communications on IntraLinks or another similar website, if any, to which
each Lender and the Administrative Agent have access (the “Platform”). Nothing
in this Section 9.02 shall prejudice the right of the Administrative Agent to
make the Communications available to the Lenders in any other manner specified
in this Agreement.
(iii)E‑mail Notification to Lenders. Each Lender agrees that e‑mail notice to it
(at the address provided pursuant to the next sentence and deemed delivered as
provided in the next paragraph) specifying that Communications have been posted
to the Platform shall constitute effective delivery of such Communications to
such Lender for purposes of this Agreement. Each Lender agrees (i) to notify the
Administrative Agent in writing (including by electronic communication) from
time to time to ensure that the Administrative Agent has on record an effective
e‑mail address for such Lender to which the foregoing notice may be sent by
electronic transmission, and (ii) that the foregoing notice may be sent to such
e‑mail address.
(iv)Presumption as to Delivery of E‑Mail. Each party agrees that any electronic
communication referred to in this Section 9.02 shall be deemed delivered upon
the posting of a record of such communication as “received” in the e‑mail system
of the recipient; provided that if such communication is not so received during
normal business hours, such communication shall be deemed delivered at the
opening of business on the next Business Day.
(v)Waiver of Responsibility. Each party acknowledges that (A) the distribution
of material through an electronic medium is not necessarily secure and that
there are confidentiality and other risks associated with such distribution,
(B) the Communications and the Platform are provided “as is” and “as available,”
(C) none of the Administrative Agent, its affiliates nor any of their respective
officers, directors, employees, agents, advisors or representatives
(collectively, the “Citigroup Parties”) warrants the adequacy, accuracy or
completeness of the Communications or the Platform, and each Citigroup Party
expressly disclaims liability for errors or omissions in any Communications or
the Platform, and (D) 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 any Citigroup Party in connection with
any Communications or the Platform.
(vi)Limitation on use of Platform. Notwithstanding the foregoing, if the U.S.
Borrower has any reason to believe that either the confidentiality of the
Platform, the confidentiality of electronic transmissions to the Administrative
Agent, or the integrity of Communications posted on the Platform has, may have
or may in the future be compromised, then the U.S. Borrower may upon notice to
the Administrative Agent delivered in any manner permitted under this Agreement,
either (1) suspend its obligation hereunder to transmit Communications to the
Administrative Agent by electronic/soft medium, (2) instruct the Administrative
Agent not to transmit to the Platform any as yet un-posted Communications,
and/or (3) instruct the Administrative Agent to take commercially reasonable
steps to remove any currently posted Communications from the Platform.  In the
event that the use of the Platform should be suspended due to any of the
circumstances described in this paragraph, the U.S. Borrower agrees to deliver
the Communications to each Lender via e-mail.  The Lenders agree that

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the delivery of the Communications via e-mail shall be deemed effective upon the
posting of a record of such electronic transmission as “sent” in the e-mail
system of the U.S. Borrower.  The Administrative Agent agrees to immediately
inform the U.S. Borrower of any security issue or Communications integrity issue
that comes to its attention and relates to the Platform or the Administrative
Agent's receipt of electronic Communications.

SECTION 9.03    No Waiver; Remedies. No failure on the part of any Lender the
Administrative Agent to exercise, and no delay in exercising, any right
hereunder or under any Note shall operate as a waiver thereof; nor shall any
single or partial exercise of any such right preclude any other or further
exercise thereof or the exercise of any other right. The remedies herein
provided are cumulative and not exclusive of any remedies provided by law.

SECTION 9.04    Costs and Expenses.
(a)The U.S. Borrower agrees to pay, whether or not any of the transactions
contemplated hereby are consummated, on demand (x) all reasonable costs and
expenses in connection with the preparation (excluding normal travel and related
expenses incurred by the personnel of the Administrative Agent), execution,
delivery, administration (excluding those which are customarily borne by the
Administrative Agent), modification and amendment of this Agreement, the Notes
and the other documents to be delivered hereunder, and (y) the reasonable fees
and expenses of counsel to the Administrative Agent and with respect to advising
the Administrative Agent as to its rights and responsibilities under this
Agreement. The U.S. Borrower further agrees to pay on demand all reasonable
expenses of the Lenders (including, without limitation, reasonable counsel
(including, without duplication, internal counsel) fees and expenses) in
connection with the enforcement (whether through negotiations, legal proceedings
or otherwise) of this Agreement, the Notes and the other documents to be
delivered hereunder, including, without limitation, reasonable counsel fees and
expenses in connection with the enforcement of rights under this
Section 9.04(a).
(b)The U.S. Borrower agrees to indemnify and hold harmless the Administrative
Agent, each Lender and each of their Affiliates and their officers, directors,
employees, agents and advisors (each, an “Indemnified Party”) from and against
any and all claims, damages, losses, liabilities and expenses (including,
without limitation, reasonable fees and expenses of counsel) that may be
incurred by or asserted or awarded against any Indemnified Party in its agent or
lending capacity under, or otherwise in connection with, the Loan Documents, in
each case arising out of or in connection with or by reason of, or in connection
with the preparation for a defense of, any investigation, litigation or
proceeding arising out of, related to or in connection with the Loan Documents,
the proposed or actual use of the proceeds therefrom or any of the other
transactions contemplated thereby, whether or not such investigation, litigation
or proceeding is brought by the Borrower, its shareholders or creditors or an
Indemnified Party or any other person or an Indemnified Party is otherwise a
party thereto and whether or not the transactions contemplated hereby are
consummated, except to the extent such claim, damage, loss, liability or expense
is found in a final, non‑appealable judgment by a court of competent
jurisdiction to have resulted from such Indemnified Party's gross negligence or
willful misconduct. Each Borrower also agrees not to assert any claim against
the Administrative Agent, any Lender, any of their Affiliates, or any of their
respective directors, officers, employees, attorneys and agents, on any theory
of liability, for consequential, indirect, special or punitive damages arising
out of or otherwise relating to any of the Loan Documents or any of the
transactions contemplated hereby or thereby or the actual or proposed use of the
proceeds of the

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Loans. Each of the Lenders and the Administrative Agent agrees not to assert any
claim against the U.S. Borrower, its Affiliates or any of their directors,
officers, employees, attorneys and agents, on any theory of liability, for
consequential, indirect, special or punitive damages arising out of or otherwise
relating to any of the Loan Documents or any of the transactions contemplated
hereby or thereby or the actual or proposed use of the proceeds of the Loans or
the Letters of Credit.
(c)If (i) any payment of principal of any Eurocurrency Rate Loan is made other
than on the last day of the Interest Period for such Loan, as a result of a
payment pursuant to Section 2.15(c) or 3.05 or acceleration of the maturity of
the Loans pursuant to Section 7.01 or for any other reason, or (ii) the U.S.
Borrower gives notice of a Loan conversion pursuant to Section 2.09(c), then the
U.S. Borrower shall, upon demand by any Lender (with a copy of such demand to
the Administrative Agent), pay to the Administrative Agent for the account of
such Lender any amounts required to compensate such Lender for any additional
losses, costs or expenses which it may reasonably incur as a result of such
payment, including, without limitation, any loss (excluding loss of anticipated
profits), cost or expense incurred by reason of the liquidation or reemployment
of deposits or other funds acquired by any Lender to fund or maintain such Loan.
(d)Without prejudice to the survival of any other agreement of the U.S. Borrower
or the Lenders hereunder, the agreements and obligations of the U.S. Borrower
contained in Sections 2.12, 3.05 and 9.04, and the agreements and obligations of
each Lender under Section 9.11, shall survive the payment in full of principal,
interest and all other amounts payable hereunder and under the Notes.

SECTION 9.05    Rights of Set-off; Payments Set Aside.

(a)Upon the occurrence and during the continuance of any Event of Default each
Lender and each Affiliate of a Lender is hereby authorized at any time and from
time to time, to the fullest extent permitted by law, to set off and apply any
and all deposits (general or special, time or demand, provisional or final) at
any time held and other indebtedness at any time owing by such Lender or its
Affiliates to or for the credit or the account of the U.S. Borrower against any
and all of its obligations under the Loan Documents, of a Euro Borrower against
any and all of such Euro Borrower's obligations under the Loan Documents or of a
Swing Loan Borrower against any and all of such Swing Loan Borrower's
obligations under the Loan Documents, in each case, now or hereafter existing
whether or not such Lender shall have made any demand under this Agreement or
any other Loan Document and even though such Obligations may be unmatured;
provided that in the event that any Defaulting Lender shall exercise any such
right of setoff, (x) all amounts so set off shall be paid over immediately to
the Administrative Agent for further application in accordance with the
provisions of Section 2.16(a)(iii) and, pending such payment, shall be
segregated by such Defaulting Lender from its other funds and deemed held in
trust for the benefit of the Administrative Agent and the Lenders, and (y) the
Defaulting Lender shall provide promptly to the Administrative Agent a statement
describing in reasonable detail the obligations owing to such Defaulting Lender
as to which it exercised such right of setoff. Each Lender agrees promptly to
notify the U.S. Borrower after any such set-off and application made by such
Lender or its Affiliates; provided, however, that the failure to give such
notice shall not affect the validity of such set-off and application. The rights
of each Lender under this Section 9.05 are in addition to the other rights and
remedies (including other rights of set-off) that such Lender may have.

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(b)To the extent that the U.S. Borrower makes a payment or payments to the
Administrative Agent or the Lenders or any such Person exercise their rights of
setoff, and such payment or payments or the proceeds of such enforcement or
setoff or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to a trustee,
receiver or any other party, then to the extent of such recovery, the obligation
or part thereof originally intended to be satisfied shall be revived and
continued in full force and effect as if such payment had not been made or such
enforcement or setoff had not occurred.

SECTION 9.06    Binding Effect. This Agreement shall become effective when it
shall have been executed by the U.S. Borrower, the Administrative Agent and each
Lender and thereafter shall be binding upon and inure to the benefit of the
Borrowers, the Administrative Agent and each Lender and their respective
successors and assigns, except that no Borrower shall have the right to assign
its rights hereunder or any interest herein without the prior written consent of
each Lender.

SECTION 9.07    Assignments and Participations.

(a)Each Lender may assign to one or more banks or other entities all or a
portion of its rights and obligations under this Agreement (including, without
limitation, all or a portion of its Commitments, the Loans owing to it and the
Note or Notes held by it); provided, however, that:
(i)each such assignment shall be of a constant, and not a varying, percentage of
all rights and obligations under this Agreement (other than any Swing Loans),
(ii)the amount of the Commitments of the assigning Lender being assigned
pursuant to each such assignment other than an assignment to another Lender
(determined as of the date of the Assignment and Acceptance with respect to such
assignment) shall in no event be less than $10,000,000 and shall be an integral
multiple of $1,000,000 in excess thereof,
(iii)each such assignment shall be to an Eligible Assignee, and (unless such
assignment shall be to a Subsidiary of the assigning Lender or to a Subsidiary
of the bank holding company of which the assigning Lender is a Subsidiary) the
U.S. Borrower, the Administrative Agent, the Issuing Banks and the Swing Loan
Lender shall have consented to such assignment (which consents shall not be
unreasonably withheld or delayed),
(iv)the parties to each such assignment shall execute and deliver to the
Administrative Agent, for its acceptance and recording in the Register, an
Assignment and Acceptance, together with any Note or Notes subject to such
assignment and a processing and recordation fee of $3,500 paid by either the
assigning Lender or the assignee, and
(v)unless the U.S. Borrower and the Administrative Agent otherwise agree, the
Termination Date of the assignee under each such assignment shall be deemed to
be the then Final Termination Date.

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Upon such execution, delivery, acceptance and recording, from and after the
effective date specified in each Assignment and Acceptance, (x) the assignee
thereunder shall be a party hereto and, to the extent that rights and
obligations hereunder have been assigned to it pursuant to such Assignment and
Acceptance, have the rights and obligations of a Lender hereunder and (y) the
Lender assignor thereunder shall relinquish its rights and be released from its
obligations under this Agreement, to the extent that rights and obligations
hereunder have been assigned by it pursuant to such Assignment and Acceptance.
Notwithstanding anything to the contrary contained herein except for the
conditions set for in clause (iv) of this Section 9.07(a), any Lender (a
“Granting Lender”) may grant to a special purpose funding vehicle (a “SPC”),
identified as such in writing from time to time by the Granting Lender to the
Administrative Agent and the U.S. Borrower, the option to provide to a Borrower
all or any part of a Loan that such Granting Lender would otherwise be obligated
to make to such Borrower pursuant to this Agreement; provided that (i) nothing
herein shall constitute a commitment by any SPC to make any Loan, (ii) if an SPC
elects not to exercise such option or otherwise fails to provide all or any part
of such Advance, the Granting Lender shall be obligated to make such Loan
pursuant to the terms hereof. The making of a Loan by an SPC hereunder shall
utilize the Commitment of the Granting Lender to the same extent, and as if,
such Loan were made by such Granting Lender. Each party hereto hereby agrees
that no SPC shall be liable for any indemnity or similar payment obligation
under this Agreement (all liability for which shall remain with the Granting
Lender). In furtherance of the foregoing, each party hereto hereby agrees (which
agreement shall survive the termination of this Agreement) that, prior to the
date that is one year and one day after the payment in full of all outstanding
commercial paper or other senior indebtedness of any SPC, it will not institute
against, or join any other person in instituting against, such SPC any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
under the laws of the United States or any State thereof. In addition,
notwithstanding anything to the contrary contained in this Section 9.07 except
for the conditions set forth in clause (iii) of this Section 9.07(a), any SPC
may (i) with notice to, but without the prior written consent of, the U.S.
Borrower and the Administrative Agent and without paying any processing fee
therefor, assign all or a portion of its interests in any Loans to the Granting
Lender or to any Eligible Assignee (consented to by the U.S. Borrower and the
Administrative Agent) providing liquidity and/or credit support to or for the
account of such SPC to support the funding or maintenance of Loans and
(ii) disclose on a confidential basis any non-public information relating to its
Loans to any rating agency, commercial paper dealer or provider of any surety,
guarantee or credit or liquidity enhancement to such SPC. This paragraph may not
be amended without the written consent of the SPC.
(b)By executing and delivering an Assignment and Acceptance, the Lender assignor
thereunder and the assignee thereunder confirm to and agree with each other and
the other parties hereto as follows: (i) other than as provided in such
Assignment and Acceptance, such assigning Lender makes no representation or
warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or
the execution, legality, validity, enforceability, genuineness, sufficiency or
value of this Agreement or any other instrument or document furnished pursuant
hereto; (ii) such assigning Lender makes no representation or warranty and
assumes no responsibility with respect to the financial condition of any
Borrower or the performance or observance by any Borrower of any of its
obligations under this Agreement or any other instrument or document furnished
pursuant hereto; (iii) such assignee confirms that it has received a copy of
this Agreement, together with copies of the financial statements referred to in
Section 5.03 and such other

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documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into such Assignment and Acceptance; (iv) such
assignee will, independently and without reliance upon any Agent, such assigning
Lender or any other Lender and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under this Agreement; (v) such assignee confirms
that it is an Eligible Assignee; (vi) such assignee appoints and authorizes the
Administrative Agent to take such action as agent on its behalf and to exercise
such powers under this Agreement as are delegated to the Administrative Agent by
the terms hereof, together with such powers as are reasonably incidental
thereto; and (vii) such assignee agrees that it will perform in accordance with
their terms all of the obligations which by the terms of this Agreement are
required to be performed by it as a Lender.
(c)Each New Lender shall submit a New Commitment Acceptance in accordance with
the provisions of Section 2.06(b). Upon the execution, delivery, acceptance and
recording of a New Commitment Acceptance, from and after the Increase Date
related thereto such New Lender shall be a party hereto and have the rights and
obligations of a Lender hereunder having the Commitment specified therein (or
such lesser Commitment as shall be allocated to such New Lender in accordance
with Section 2.06(b)(vi) or 2.15(d)). By executing and delivering a New
Commitment Acceptance, the New Lender thereunder confirms to and agrees with the
other parties hereto as follows: (i) such New Lender hereby agrees that no
Lender has made any representation or warranty, or assumes any responsibility
with respect to, (x) any statements, warranties or representations made in or in
connection with this Agreement or the execution, legality, validity,
enforceability, genuineness, sufficiency or value of this Agreement or any other
instrument or document furnished pursuant hereto or (y) the financial condition
of any Borrower or the performance or observance by any Borrower of any of its
obligations under this Agreement or any other instrument or document furnished
pursuant hereto; (ii) such New Lender confirms that it has received a copy of
this Agreement, together with copies of the financial statements referred to in
Section 5.03 and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such New
Commitment Acceptance; (iii) such New Lender will, independently and without
reliance upon any Agent or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under this Agreement; (iv) such
New Lender confirms that it is an Eligible Assignee; (v) such New Lender
appoints and authorizes the Administrative Agent to take such action as agent on
its behalf and to exercise such powers under this Agreement as are delegated to
the Administrative Agent by the terms hereof, together with such powers as are
reasonably incidental thereto; and (vi) such New Lender agrees that it will
perform in accordance with their terms all of the obligations which by the terms
of this Agreement are required to be performed by it as a Lender.
(d)The Administrative Agent shall maintain at its address referred to in
Section 9.02 a copy of each Assignment and Acceptance and each New Commitment
Acceptance delivered to and accepted by it and a register for the recordation of
the names and addresses of the Lenders and the Commitments of, and principal and
interest amounts of the Loans owing to, each Lender from time to time (the
“Register”). The entries in the Register shall be conclusive and binding for all
purposes, absent manifest error, and each Borrower, the Administrative Agent and
the Lenders may treat each Person whose name is recorded in the Register as a
Lender hereunder for all purposes of this Agreement. The Register shall be
available for inspection by the U.S. Borrower or any Lender at any reasonable
time and from time to time upon reasonable prior

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notice. The Administrative Agent shall provide the U.S. Borrower with a copy of
the Register upon reasonable request.
(e)(i)    Upon its receipt of an Assignment and Acceptance executed by an
assigning Lender and an assignee representing that it is an Eligible Assignee,
together with any Revolving Loan Note or Notes subject to such assignment, the
Administrative Agent shall, if such Assignment and Acceptance has been completed
and is in substantially the form of Exhibit C-1 hereto, (1) accept such
Assignment and Acceptance, (2) record the information contained therein in the
Register and (3) give prompt notice thereof to the U.S. Borrower. Within five
Business Days after its receipt of such notice, the relevant Borrower, at its
own expense, shall execute and deliver to the Administrative Agent in exchange
for the surrendered Revolving Loan Note or Notes a new Revolving Loan Note to
the order of such Eligible Assignee in an amount equal to the Commitments
assumed by it pursuant to such Assignment and Acceptance and a new Revolving
Loan Note to the order of the assigning Lender in an amount equal to the
Commitments retained by it hereunder. Such new Revolving Loan Notes shall be in
an aggregate principal amount equal to the aggregate principal amount of such
surrendered Revolving Loan Note or Notes, shall be dated the effective date of
such Assignment and Acceptance and shall otherwise be in substantially the form
of Exhibit A‑l hereto. Such surrendered Revolving Loan Note or Notes shall be
marked “canceled” and shall be returned promptly to the U.S. Borrower.
(ii)Upon its receipt of a New Commitment Acceptance executed by a New Lender
representing that it is an Eligible Assignee, the Administrative Agent shall, if
such New Commitment Acceptance has been completed and is in substantially the
form of Exhibit C-3 hereto, (1) accept such New Commitment Acceptance,
(2) record the information contained therein in the Register and (3) give prompt
notice thereof to the U.S. Borrower. Within five Business Days after its receipt
of such notice, the relevant Borrower, at its own expense, shall execute and
deliver to the Administrative Agent a new Revolving Loan Note to the order of
such New Lender in an amount equal to the Commitments assumed by it pursuant to
such New Commitment Acceptance. Such new Revolving Loan Note shall be dated the
relevant Increase Date and shall otherwise be in substantially the form of
Exhibit A‑l hereto.
(f)Each Lender may sell participations to one or more banks or other entities in
or to a portion of its rights and obligations under this Agreement (including,
without limitation, a portion of its Commitments, the Loans owing to it and the
Note or Notes held by it); provided, however, that (i) such Lender's obligations
under this Agreement (including, without limitation, its Commitments hereunder)
shall remain unchanged, (ii) such Lender shall remain solely responsible to the
other parties hereto for the performance of such obligations, (iii) such Lender
shall remain the holder of any such Note for all purposes of this Agreement,
(iv) the Borrowers, the Administrative Agent, the Issuing Banks and the other
Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender's rights and obligations under this Agreement,
(v) except in the case of a participation involving a Lender and one of its
Affiliates (and this exception shall apply only so long as the participant
remains an Affiliate of such Lender), the parties to each such participation
shall execute a participation agreement in substantially the form of the
Participation Agreement, and (vi) no participant under any such participation
shall have any right to approve any amendment to or waiver of any provision of
any Loan Document, or any consent to any departure by any Borrower therefrom,
except to the extent that such amendment, waiver or consent would alter the
principal of, or interest on, the Loan or Loans in which such participant is
participating or any fees or other amounts payable to the

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Lenders hereunder, or postpone any date fixed for any payment of principal of,
or interest on, the Loans or any fees or other amounts payable hereunder. Each
Lender shall provide the U.S. Borrower with a list of entities party to all
Participation Agreements with such Lender upon request. Notwithstanding anything
in this paragraph to the contrary, any bank that is a member of the Farm Credit
System that (a) has purchased a participation of at least $10,000,000 on or
after the Effective Date, (b) is, by written notice to the U.S. Borrower and the
Administrative Agent (“Voting Participant Notification”), designated by the
selling Lender as being entitled to be accorded the rights of a Voting
Participant hereunder (any bank that is a member of the Farm Credit System so
designated being called a “Voting Participant”) and (c) receives the prior
written consent of the U.S. Borrower and the Administrative Agent to become a
Voting Participant, shall be entitled to vote (and the voting rights of the
selling Lender shall be correspondingly reduced), on a dollar-for-dollar basis,
as if such participant were a Lender, on any matter requiring or allowing a
Lender to provide or withhold its consent, or to otherwise vote on any proposed
action. To be effective, each Voting Participant Notification shall, with
respect to any Voting Participant, (i) state the full name, as well as all
contact information required of an assignee as set forth in Exhibit C-1 hereto
and (ii) state the dollar amount of the participation purchased. The U.S.
Borrower and the Administrative Agent shall be entitled to conclusively rely on
information contained in notices delivered pursuant to this paragraph.
(g)Any Lender may, in connection with any assignment or participation or
proposed assignment or participation pursuant to this Section 9.07, disclose to
the assignee or participant or proposed assignee or participant, any
information, including Confidential Information, relating to the Borrowers
furnished to such Lender by or on behalf of the Borrowers; provided that, prior
to any such disclosure of Confidential Information, the assignee or participant
or proposed assignee or participant shall be informed of the confidential nature
of such Confidential Information and shall agree to (i) preserve the
confidentiality of any Confidential Information relating to the Borrowers
received by it from such Lender and (ii) be bound by the provisions of
Section 9.11.
(h)Notwithstanding any other provision in this Section 9.07, no Lender may
assign its interest to an Eligible Assignee if, as of the effective date of such
assignment, such assignment would increase the amount of Taxes, Other Taxes or
increased costs payable under Section 2.12 or 3.05, respectively.
(i)Notwithstanding any other provision set forth in this Agreement, any Lender
may at any time and without the consent of the Administrative Agent or any
Borrower create a security interest in all or any portion of its rights under
this Agreement (including, without limitation, the Loans owing to it and the
Notes held by it) in favor of any Federal Reserve Bank in accordance with
Regulation A of the Board of Governors of the Federal Reserve System.

SECTION 9.08    No Liability of the Issuing Banks. Each Borrower assumes all
risks of the acts or omissions of any beneficiary or transferee of any Letter of
Credit with respect to its use of such Letter of Credit. Neither any Issuing
Bank nor any of their respective officers or directors shall be liable or
responsible for: (a) the use that may be made of any Letter of Credit or any
acts or omissions of any beneficiary or transferee in connection therewith;
(b) the validity, sufficiency or genuineness of documents, or of any endorsement
thereon, even if such documents should prove to be in any or all respects
invalid, insufficient, fraudulent or forged; (c) payment by any Issuing Bank
against presentation of documents that do not comply with the terms of a Letter
of Credit, including failure of any documents to bear any reference or adequate
reference to the Letter of Credit; or (d) any other circumstances whatsoever in
making or failing to make payment

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under any Letter of Credit, except that each Borrower shall have a claim against
an Issuing Bank, and such Issuing Bank shall be liable to such Borrower, to the
extent of any direct, but not consequential, damages suffered by such Borrower
that were caused by (i) such Issuing Bank's willful misconduct or gross
negligence in determining whether documents presented under any Letter of Credit
comply with the terms of the Letter of Credit or (ii) such Issuing Bank's
willful failure to make lawful payment under a Letter of Credit after the
presentation to it of a draft and certificates strictly complying with the terms
and conditions of the Letter of Credit. In furtherance and not in limitation of
the foregoing, each Issuing Bank acting in good faith may accept documents that
appear on their face to be in order, without responsibility for further
investigation, regardless of any notice or information to the contrary.

SECTION 9.09    Governing Law. THIS AGREEMENT, AND ALL CLAIMS OR CAUSES OF
ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) THAT MAY BE BASED UPON, ARISE
OUT OF OR RELATE IN ANY WAY TO THIS AGREEMENT, THE EXECUTION OR PERFORMANCE OF
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO ANY PRINCIPLE OF CONFLICTS OF LAW THAT COULD REQUIRE THE APPLICATION
OF ANY OTHER LAW.

SECTION 9.10    Execution in Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement. Delivery of an
executed counterpart of this Agreement by telecopier shall be effective as
delivery of a manually executed counterpart of this Agreement.

SECTION 9.11    Confidentiality. Each of the Administrative Agent and the
Lenders agrees to maintain the confidentiality of the Confidential Information
(as defined below), except that Confidential Information may be disclosed (a) to
its Affiliates and to its and its Affiliates' respective managers,
administrators, trustees, partners, directors, officers, employees, agents,
advisors and other representatives (it being understood that the Persons to whom
such disclosure is made will be informed of the confidential nature of such
Confidential Information and instructed to keep such Confidential Information
confidential), (b) to the extent requested by any regulatory authority
purporting to have jurisdiction over it (including any self-regulatory
authority, such as the National Association of Insurance Commissioners), (c) to
the extent required by applicable laws or regulations or by any subpoena or
similar legal process, (d) to any other party hereto, (e) in connection with the
exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section 9.11, to
(i) any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or
(ii) any actual or prospective party (or its managers, administrators, trustees,
partners, directors, officers, employees, agents, advisors and other
representatives) to any swap or derivative or similar transaction under which
payments are to be made by reference to the U.S. Borrower and its obligations,
this Agreement or payments hereunder, (iii) any rating agency, or (iv) the CUSIP
Service Bureau or any similar organization, (g) with the consent of the U.S.
Borrower or (h) to the extent such Confidential Information (x) becomes publicly
available other than as a result of a breach of this Section 9.11 or (y) becomes
available to the

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Administrative Agent, any Lender or any of their respective Affiliates on a
nonconfidential basis from a source other than the U.S. Borrower.

For purposes of this Section 9.11, “Confidential Information” means all
information received from the U.S. Borrower or any of its Subsidiaries or any of
their respective certified public accountants (including the Borrowers'
Accountants) relating to the U.S. Borrower or any of its Subsidiaries or any of
their respective businesses, other than any such information that is available
to the Administrative Agent or any Lender on a nonconfidential basis prior to
disclosure by the U.S. Borrower or any of its Subsidiaries, provided that, in
the case of information received from the U.S. Borrower or any of its
Subsidiaries after the date hereof, such information is clearly identified at
the time of delivery as confidential. Any Person required to maintain the
confidentiality of Confidential Information as provided in this Section 9.11
shall be considered to have complied with its obligation to do so if such Person
has exercised the same degree of care to maintain the confidentiality of such
Confidential Information as such Person would accord to its own confidential
information.
SECTION 9.12    Submission to Jurisdiction; Service of Process.

(a)Any legal action or proceeding brought by any Borrower or any of its
respective Affiliates with respect to this Agreement or any other Loan Document
shall be brought exclusively in the courts of the State of New York located in
the City of New York or of the United States of America for the Southern
District of New York. By execution and delivery of this Agreement, each Borrower
hereby accepts for itself and in respect of its property, generally and
unconditionally, the jurisdiction of the aforesaid courts. The parties hereto
hereby irrevocably waive any objection, including any objection to the laying of
venue or based on the grounds of forum non conveniens, that any of them may now
or hereafter have to the bringing of any such action or proceeding in such
respective jurisdictions.
(b)Each Borrower hereby irrevocably consents to the service of any and all legal
process, summons, notices and documents in any suit, action or proceeding
brought in the United States of America arising out of or in connection with
this Agreement or any other Loan Document by the mailing (by registered or
certified mail, postage prepaid) or delivering of a copy of such process to the
U.S. Borrower at its address specified in Section 9.02. Each Borrower 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.
(c)Nothing contained in this Section 9.12 shall affect the right of the
Administrative Agent or any Lender to serve process in any other manner
permitted by law or commence legal proceedings or otherwise proceed against the
Borrowers in any other jurisdiction.

SECTION 9.13    WAIVER OF JURY TRIAL. EACH BORROWER, THE ADMINISTRATIVE AGENT,
EACH ISSUING BANK AND EACH OF THE LENDERS HEREBY IRREVOCABLY WAIVES ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON
CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN
DOCUMENTS, THE LOANS, THE LETTERS OF CREDIT OR THE ACTIONS OF THE ADMINISTRATIVE
AGENT, ANY ISSUING BANK OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION,
PERFORMANCE OR ENFORCEMENT THEREOF.

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SECTION 9.14    Judgment Currency. This is an international loan transaction in
which the specification of Dollars or an Alternate Currency, as the case may be
(the “Specified Currency”), any payment in New York City or the country of the
Specified Currency, as the case may be (the “Specified Place”), is of the
essence, and the Specified Currency shall be the currency of account in all
events relating to Loans denominated in the Specified Currency. The payment
obligations of the Borrowers under this Agreement and the Notes shall not be
discharged by an amount paid in another currency or in another place, whether
pursuant to a judgment or otherwise, to the extent that the amount so paid on
conversion to the Specified Currency and transfer to the Specified Place under
normal banking procedures does not yield the amount of the Specified Currency at
the Specified Place due hereunder. If for the purpose of obtaining judgment in
any court it is necessary to convert a sum due hereunder in the Specified
Currency into another currency (the “Second Currency”), the rate of exchange
which shall be applied shall be that at which in accordance with normal banking
procedures the Administrative Agent could purchase the Specified Currency with
the Second Currency on the Business Day next preceding that on which such
judgment is rendered. The obligation of each Borrower in respect of any such sum
due from it to the Administrative Agent or any Lender hereunder (an “Entitled
Person”) shall, notwithstanding the rate of exchange actually applied in
rendering such judgment, be discharged only to the extent that on the Business
Day following receipt by such Entitled Person of any sum adjudged to be due
hereunder or under the Notes in the Second Currency such Entitled Person may in
accordance with normal banking procedures purchase and transfer to the Specified
Place the Specified Currency with the amount of the Second Currency so adjudged
to be due; and each Borrower hereby, as a separate obligation and
notwithstanding any such judgment, agrees to indemnify such Entitled Person
against, and to pay such Entitled Person on demand in the Specified Currency,
any difference between the sum originally due to such Entitled Person in the
Specified Currency and the amount of the Specified Currency so purchased and
transferred.

SECTION 9.15    European Monetary Union.

(a)Payments by the Administrative Agent Generally. With respect to the payment
of any amount denominated in Euro, the Administrative Agent shall not be liable
to any of the Borrowers, the Swing Loan Lender or any of the Lenders in any way
whatsoever for any delay, or the consequences of any delay, in the crediting to
any account of any amount required by this Agreement to be paid by the
Administrative Agent if the Administrative Agent shall have taken all relevant
steps to achieve, on the date required by this Agreement, the payment of such
amount in immediately available, freely transferable, cleared funds (in Euro) to
the account of any Borrower, the Swing Loan Lender or any Lender in the
Principal Financial Center in the Participating Member State which such
Borrower, the Swing Loan Lender or such Lender, as the case may be, shall have
specified for such purpose. For the purposes of this paragraph, “all relevant
steps” means all such steps as may be prescribed from time to time by the
regulations or operating procedures of such clearing or settlement system as the
Administrative Agent may from time to time determine for the purpose of clearing
or settling payments in Euro.
(b)Other Consequential Changes. Without prejudice to the respective liabilities
of the Borrowers to the Lenders and the Swing Loan Lender and the Lenders and
the Swing Loan Lender to the Borrowers under or pursuant to this Agreement,
except as expressly provided in this Section 9.15, each provision of this
Agreement shall be subject to such reasonable changes of construction as the
Administrative Agent may from time to time

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reasonably specify to be necessary or appropriate to reflect the introduction of
or changeover to Euros in Participating Member States.

SECTION 9.16    USA PATRIOT Act. Each Lender subject to the Patriot Act hereby
notifies each Borrower that, pursuant to Section 326 of the USA Patriot Act
(Title III of 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, including the name and address of such Borrower and other
information that will allow such Lender to identify each Borrower in accordance
with the Patriot Act.

ARTICLE X

GUARANTY

SECTION 10.01    Guaranty.
(a)To induce the Lenders to make the Loans to the Euro Borrowers and the Swing
Loan Borrowers, as the case may be, and the Issuing Banks to Issue Letters of
Credit for the account of the Euro Borrowers, the U.S. Borrower hereby
absolutely, unconditionally and irrevocably guarantees, as primary obligor and
not merely as surety, the full and punctual payment when due, whether at stated
maturity or earlier, by reason of acceleration, mandatory prepayment or
otherwise in accordance herewith or any other Loan Document, of the principal of
and interest on the Loans made by each Lender to, and the Notes held by each
Lender of, each Euro Borrower or Swing Line Borrower and all other amounts from
time to time owing (including without limitation with respect to any Letters of
Credit) to the Lenders or the Administrative Agent by any Euro Borrower or any
Swing Loan Borrower under this Agreement pursuant hereto, to its Euro Borrower
Designation or its Swing Loan Borrower Designation, as applicable, and under the
Notes, in each case strictly in accordance with the terms hereof or thereof
(such obligations being herein collectively called, the “Guarantied
Obligations”), whether or not from time to time reduced or extinguished or
hereafter increased or incurred, whether or not recovery may be or hereafter may
become barred by any statute of limitations, and whether enforceable or
unenforceable as against any Euro Borrower or Swing Line Borrower, now or
hereafter existing, or due or to become due, including principal, interest
(including interest at the contract rate applicable upon default accrued or
accruing after the commencement of any proceeding under the Bankruptcy Code,
whether or not such interest is an allowed claim in such proceeding), fees and
costs of collection. This guaranty constitutes a guaranty of payment and not of
collection.
(b)The U.S. Borrower further agrees that, (i) if any payment made by any of the
Euro Borrowers or any other person and applied to the Guarantied Obligations is
at any time annulled, avoided, set aside, rescinded, invalidated, declared to be
fraudulent or preferential or otherwise required to be refunded or repaid, or
(ii) if any payment is made by any Lender or any other holder of Guarantied
Obligations (the “Guarantied Parties”) to any Euro Borrower, its estate,
trustee, receiver or any other party, including the U.S. Borrower, under any
bankruptcy law, state or federal law, common law or equitable cause, then, in
each case, to the extent of such payment or repayment, the U.S. Borrower's
liability under this Section 10.01 shall be and remain in full force and effect,
as fully as if such payment had never been made or, if prior thereto this
guaranty set forth in this Section 10.01 shall have been cancelled or
surrendered, the guaranty set forth in this Section 10.01 shall be reinstated in
full force and effect, and such prior cancellation

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or surrender shall not diminish, release, discharge, impair or otherwise affect
the obligations of the U.S. Borrower in respect of the amount of such payment.

SECTION 10.02    Authorization; Other Agreements. The Guarantied Parties are
hereby authorized, without notice to or demand upon the U.S. Borrower, which
notice or demand is expressly waived hereby, and without discharging or
otherwise affecting the obligations of the U.S. Borrower hereunder (which shall
remain absolute and unconditional notwithstanding any such action or omission to
act), from time to time, to:
(a)supplement, renew, extend, accelerate or otherwise change the time for
payment of, or other terms relating to, the Guarantied Obligations, or any part
of them, or otherwise modify, amend or change the terms of any promissory note
or other agreement, document or instrument (including, without limitation, this
Agreement and the other Loan Documents) now or hereafter executed by any Euro
Borrower and delivered to the Guarantied Parties or any of them, including,
without limitation, any increase or decrease of principal or the rate of
interest thereon;
(b)waive or otherwise consent to noncompliance with any provision of any
instrument evidencing the Guarantied Obligations, or any part thereof, or any
other instrument or agreement in respect of the Guarantied Obligations
(including, without limitation, this Agreement and the other Loan Documents) now
or hereafter executed by any Euro Borrower and delivered to the Guarantied
Parties or any of them;
(c)accept partial payments on the Guarantied Obligations;
(d)receive, take and hold additional security or collateral for the payment of
the Guarantied Obligations or any part of them and exchange, enforce, waive,
substitute, liquidate, terminate, abandon, fail to perfect, subordinate,
transfer, otherwise alter and release any such additional security or
collateral;
(e)settle, release, compromise, collect or otherwise liquidate the Guarantied
Obligations or accept, substitute, release, exchange or otherwise alter, affect
or impair any security or collateral for the Guarantied Obligations or any part
of them or any other guaranty therefor, in any manner;
(f)add, release or substitute any one or more other guarantors, makers or
endorsers of the Guarantied Obligations or any part of them and otherwise deal
with any Euro Borrower or any other guarantor, maker or endorser;
(g)apply to the Guarantied Obligations any and all payments or recoveries from
any Euro Borrower, from any other guarantor, maker or endorser of the Guarantied
Obligations or any part of them to the Guarantied Obligations in such order as
provided herein whether such Guarantied Obligations are secured or unsecured or
guaranteed or not guaranteed by others; and
(h)refund at any time any payment received by any Guarantied Party in respect of
any of the Guarantied Obligations, and payment to such Person of the amount so
refunded shall be fully guaranteed hereby even though prior thereto this
Guaranty shall have been cancelled or surrendered, and such prior cancellation
or surrender shall not diminish, release, discharge, impair or otherwise affect
the obligations of the U.S. Borrower hereunder in respect of

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the amount so refunded; even if any right of reimbursement or subrogation or
other right or remedy of the U.S. Borrower is extinguished, affected or impaired
by any of the foregoing (including, without limitation, any election of remedies
by reason of any judicial, non‑judicial or other proceeding in respect of the
Guarantied Obligations which impairs any subrogation, reimbursement or other
right of the U.S. Borrower).

SECTION 10.03    Guaranty Absolute and Unconditional. The U.S. Borrower hereby
waives any defense of a surety or guarantor or any other obligor on any
obligations arising in connection with or in respect of any of the following and
hereby agrees that its obligations under this Article X (Guaranty) are absolute
and unconditional and shall not be discharged or otherwise affected as a result
of:
(a)the invalidity or unenforceability of any of any Euro Borrower's obligations
under this Agreement or any other Loan Document or any other agreement or
instrument relating thereto, or any security for, or other guaranty of the
Guarantied Obligations or any part of them, or the lack of perfection or
continuing perfection or failure of priority of any security for the Guarantied
Obligations or any part of them;
(b)the absence of any attempt to collect the Guarantied Obligations or any part
of them from any Euro Borrower or other action to enforce the same;
(c)any Guarantied Parties' election, in any proceeding instituted under chapter
11 of the Bankruptcy Code, of the application of Section 1111(b)(2) of the
Bankruptcy Code;
(d)any borrowing or grant of a Lien by any Euro Borrower, as
debtor‑in‑possession, or extension of credit, under Section 364 of the
Bankruptcy Code;
(e)the disallowance, under Section 502 of the Bankruptcy Code, of all or any
portion of the Administrative Agent's or Lender's claim (or claims) for
repayment of the Guarantied Obligations ;
(f)any use of cash collateral under Section 363 of the Bankruptcy Code;
(g)any agreement or stipulation as to the provision of adequate protection in
any bankruptcy proceeding;
(h)the avoidance of any Lien in favor of the Guarantied Parties or any of them
for any reason;
(i)any bankruptcy, insolvency, reorganization, arrangement, readjustment of
debt, liquidation or dissolution proceeding commenced by or against any Euro
Borrower, the U.S. Borrower or any of any Euro Borrower's other Subsidiaries,
including without limitation, any discharge of, or bar or stay against
collecting, all or any of the Guarantied Obligations (or any part of them or
interest thereon) in or as a result of any such proceeding;
(j)failure by any Guarantied Party to file or enforce a claim against any Euro
Borrower or its estate in any bankruptcy or insolvency case or proceeding;
(k)any action taken by any Guarantied Party that is authorized hereby; or

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(l)any other circumstance which might otherwise constitute a legal or equitable
discharge or defense of a surety or guarantor or any other obligor on any
obligations, other than the payment in full of the Guarantied Obligations.

SECTION 10.04    Waivers. The U.S. Borrower hereby waives diligence, promptness,
presentment, demand for payment or performance and protest and notice of
protest, notice of acceptance and any other notice in respect of the Guarantied
Obligations or any part of them, and any defense arising by reason of any
disability or other defense of the Euro Borrower. The U.S. Borrower shall not,
until the Guarantied Obligations are irrevocably paid in full and the
Commitments have been terminated, assert any claim or counterclaim it may have
against any Euro Borrower or set off any of its obligations to any Euro Borrower
against any obligations of any Euro Borrower to it. In connection with the
foregoing, the U.S. Borrower covenants that its obligations hereunder shall not
be discharged, except by complete performance.

SECTION 10.05    Reliance. The U.S. Borrower hereby assumes responsibility for
keeping itself informed of the financial condition of the Euro Borrowers and any
and all endorsers and/or other guarantors of all or any part of the Guarantied
Obligations, and of all other circumstances bearing upon the risk of nonpayment
of the Guarantied Obligations, or any part thereof, that diligent inquiry would
reveal, and the U.S. Borrower hereby agrees that no Guarantied Party shall have
any duty to advise it of information known to it regarding such condition or any
such circumstances. In the event any Guarantied Party, in its sole discretion,
undertakes at any time or from time to time to provide any such information to
the U.S. Borrower, such Guarantied Party shall be under no obligation (i) to
undertake any investigation not a part of its regular business routine, (ii) to
disclose any information which such Guarantied Party, pursuant to accepted or
reasonable commercial finance or banking practices, wishes to maintain
confidential or (iii) to make any other or future disclosures of such
information or any other information to any Guarantied Party.

SECTION 10.06    Waiver of Subrogation and Contribution Rights. Until the
Guarantied Obligations have been irrevocably paid in full and the Commitments
have been terminated, the U.S. Borrower shall not enforce or otherwise exercise
any right of subrogation to any of the rights of the Guarantied Parties or any
part of them against any Euro Borrower or any right of reimbursement or
contribution or similar right against any Euro Borrower by reason of this
Agreement or by any payment made by the U.S. Borrower in respect of the
obligations under this Agreement or the Notes.

SECTION 10.07    Subordination. The U.S. Borrower hereby agrees that upon the
occurrence of any Event of Default described in Section 7.01(e), any
Indebtedness of any Euro Borrower now or hereafter owing to it, whether
heretofore, now or hereafter created (the “Guaranty Subordinated Debt”), is
hereby subordinated to all of the obligations under this Agreement and the
Notes, and that, except as expressly permitted by this agreement, the Guaranty
Subordinated Debt shall not be paid in whole or in part until such obligations
have been paid in full and this Guaranty is terminated and of no further force
or effect. The U.S. Borrower shall not accept any payment of or on account of
any Guaranty Subordinated Debt at any time in contravention of the foregoing.
Upon the occurrence and during the continuance of an Event of Default described
in Section 7.01(e), each Euro Borrower shall pay to the Administrative Agent any
payment of all or any part of the Guaranty Subordinated Debt and any amount so
paid to the Administrative Agent shall be applied to payment of the obligations
under this Agreement and the Notes as provided herein. Each payment on the
Guaranty Subordinated Debt received in violation of any of the provisions hereof
shall be deemed to have been received by the U.S.

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Borrower as trustee for the Administrative Agent and the Lenders and shall be
paid over to the Administrative Agent immediately on account of the Guarantied
Obligations, but without otherwise affecting in any manner the U.S. Borrower's
liability under this Article X (Guaranty). The U.S. Borrower agrees to file all
claims against the Euro Borrowers in any bankruptcy or other proceeding in which
the filing of claims is required by law in respect of any Guaranty Subordinated
Debt, and the Administrative Agent shall be entitled to all of U.S. Borrower's
rights thereunder. If for any reason the U.S. Borrower fails to file such claim
at least ten Business Days prior to the last date on which such claim should be
filed, the U.S. Borrower hereby irrevocably appoints the Administrative Agent as
its true and lawful attorney-in-fact and is hereby authorized to act as
attorney-in-fact in the U.S. Borrower's name to file such claim or, in the
Administrative Agent's discretion, to assign such claim to and cause proof of
claim to be filed in the name of the Administrative Agent or its nominee. In all
such cases, whether in administration, bankruptcy or otherwise, the person or
persons authorized to pay such claim shall pay to the Administrative Agent the
full amount payable on the claim in the proceeding, and, to the full extent
necessary for that purpose, the U.S. Borrower hereby assigns to the
Administrative Agent all of the U.S. Borrower's rights to any payments or
distributions to which the U.S. Borrower otherwise would be entitled. If the
amount so paid is greater than the U.S. Borrower's liability hereunder, the
Administrative Agent shall pay the excess amount to the party entitled thereto.

SECTION 10.08    Default; Remedies. The obligations of the U.S. Borrower
hereunder are independent of and separate from the Guarantied Obligations. Upon
any Event of Default, the Administrative Agent may, at its sole election,
proceed directly and at once, without notice, against the U.S. Borrower to
collect and recover the full amount or any portion of the Guarantied Obligations
then due, without first proceeding against the defaulting Euro Borrower or Euro
Borrowers or any other guarantor of the Guarantied Obligations, or joining the
defaulting Euro Borrower or Euro Borrowers or any other guarantor in any
proceeding against the U.S. Borrower. At any time after maturity of the
Guarantied Obligations, the Administrative Agent may (unless the Guarantied
Obligations have been irrevocably paid in full), without notice to the U.S.
Borrower, appropriate and apply toward the payment of the Guarantied Obligations
(i) any indebtedness due or to become due from any Guarantied Party to the U.S.
Borrower and (ii) any moneys, credits or other property belonging to the U.S.
Borrower at any time held by or coming into the possession of any Guarantied
Party or any of its respective Affiliates.

SECTION 10.09    Irrevocability. This Guaranty set forth in this Article X
(Guaranty) shall be irrevocable as to any and all of the Guarantied Obligations
until the Commitments have been terminated and all monetary Guarantied
Obligations then outstanding have been irrevocably repaid in cash.

SECTION 10.10    Setoff. Upon the occurrence and during the continuance of an
Event of Default, each Guarantied Party and each Affiliate thereof may, without
notice to the U.S. Borrower and regardless of the acceptance of any security or
collateral for the payment hereof, appropriate and apply toward the payment of
all or any part of the Guarantied Obligations then due and payable (i) any
indebtedness due or to become due from such Guarantied Party or Affiliate
thereof to the U.S. Borrower or any Euro Borrower or Swing Loan Borrower, and
(ii) any moneys, credits or other property belonging to the U.S. Borrower or any
Euro Borrower or Swing Loan Borrower, at any time held by or coming into the
possession of such Guarantied Party or Affiliate thereof (other than trust
accounts).

SECTION 10.11    No Marshaling. The U.S. Borrower consents and agrees that no
Guarantied Party or Person acting for or on behalf thereof shall be under any
obligation to

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marshal any assets in favor of the U.S. Borrower or against or in payment of any
or all of the Guarantied Obligations.

SECTION 10.12    Enforcement; Amendments; Waivers. No delay on the part of any
Guarantied Party in the exercise of any right or remedy arising under this
Agreement, any of the other Loan Documents or otherwise with respect to all or
any part of the Guarantied Obligations or any other guaranty of or security for
all or any part of the Guarantied Obligations shall operate as a waiver thereof,
and no single or partial exercise by any such Person of any such right or remedy
shall preclude any further exercise thereof. Failure by any Guarantied Party at
any time or times hereafter to require strict performance by the U.S. Borrower,
any other guarantor of all or any part of the Guarantied Obligations or any
other Person of any of the provisions, warranties, terms and conditions
contained in any of the Loan Documents now or at any time or times hereafter
executed by such Persons and delivered to any Guarantied Party shall not waive,
affect or diminish any right of such person at any time or times hereafter to
demand strict performance thereof and such right shall not be deemed to have
been waived by any act or knowledge of any Guarantied Party, or its Affiliates,
unless such waiver is contained in an instrument in writing, directed and
delivered to such Euro Borrower or the U.S. Borrower, as applicable, specifying
such waiver, and is signed by the party or parties necessary to give such waiver
under this Agreement. No waiver of any Event of Default shall operate as a
waiver of any other Event of Default or the same Event of Default on a future
occasion, and no action by any Guarantied Party permitted hereunder shall in any
way affect or impair any its rights and remedies or the obligations of the U.S.
Borrower under this Article X (Guaranty). Any determination by a court of
competent jurisdiction of the amount of any principal and/or interest owing by
any Euro Borrower to any Guarantied Party shall be conclusive and binding on the
U.S. Borrower irrespective of whether the U.S. Borrower was a party to the suit
or action in which such determination was made.

[SIGNATURE PAGES FOLLOW]
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by their respective officers thereunto duly authorized, as of the date first
above written.
The U.S. Borrower

FMC CORPORATION

By:    /s/ Thomas C. Deas, Jr.     
Name: Thomas C. Deas, Jr.
Title: Vice President and Treasurer

The Euro Borrowers

FMC Finance B.V.

By:    /s/ Thomas C. Deas, Jr.     
Name: Thomas C. Deas, Jr.
Title: Authorized Signatory, as Attorney-in-Fact

FMC Chemicals Netherlands B.V.

By:    /s/ Thomas C. Deas, Jr.     
Name: Thomas C. Deas, Jr.
Title: Authorized Signatory, as Attorney-in-Fact

FMC Foret, S.A.

By:    /s/ Thomas C. Deas, Jr.     
Name: Thomas C. Deas, Jr.
Title: Authorized Signatory, as Attorney-in-Fact

FMC BioPolymer Germany GmbH

By:    /s/ Thomas C. Deas, Jr.     
Name: Thomas C. Deas, Jr.
Title: Authorized Signatory, as Attorney-in-Fact

Surety International Ltd.

By:    /s/ Thomas C. Deas, Jr.     
Name: Thomas C. Deas, Jr.
Title: Authorized Signatory, as Attorney-in-Fact

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

The Administrative Agent

CITIBANK, N.A.,
as Administrative Agent

By:    /s/ Susan M. Olsen    
Name: Susan M. Olsen
Title: Vice President

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

The Syndication Agent

BANK OF AMERICA, N.A.,
as Syndication Agent

By:    /s/ Edwin B. Cox, Jr.    
Name:    Edwin B. Cox, Jr.
Title:     Managing Director
 

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

COMMITMENTS                LENDERS
$150,000,000    CITIBANK, N.A., as a Lender and an Issuing Bank

By:    /s/ Susan M. Olsen    
Name: Susan M. Olsen
Title: Vice President

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

$150,000,000    BANK OF AMERICA, N.A., as a Lender and an Issuing Bank

By:    /s/ Edwin B. Cox, Jr.    
Name:    Edwin B. Cox, Jr.
Title:     Managing Director

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

$114,000,000    BNP Paribas, as Lender

By:    /s/ Fik Durmus    
Name: Fik Durmus
Title: Director

By:    /s/ Michael Hoffman    
Name: Michael Hoffman
Title: Associate

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

$114,000,000    DnB NOR Bank ASA, as Lender

By:    /s/ Philip F. Kurpiewski    
Name: Philip F. Kurpiewski
Title: Senior Vice President

By:    /s/ Kristie Li    
Name: Kristie Li
Title: Vice President

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

$114,000,000    HSBC Bank USA, National Association, as Lender

By:    /s/ David A. Mandell    
Name: David A. Mandell
Title: Managing Director

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

$114,000,000    SUMITOMO MITSUI BANKING CORPORATION, as Lender

By:    /s/ Shuji Yabe    
Name: Shuji Yabe
Title: General Manager

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

$114,000,000    The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Lender

By:    /s/ Chi-Cheng Chen    
Name: Chi-Cheng Chen
Title: Vice President

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

$114,000,000    US Bank National Association, as Lender

By:    /s/ Steven L. Sawyer    
Name: Steven L. Sawyer
Title: Vice President

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

$76,000,000    CoBank, ACB, as Lender

By:    /s/ Alan V. Schuler    
Name: Alan V. Schuler
Title: Vice President

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

$40,000,000    Australia and New Zealand Banking Group Limited, as Lender

By:    /s/ John W. Wade    
Name: John W. Wade
Title: Deputy General Manager
Head of Operations and Infrastructure

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

$40,000,000    BANK OF CHINA, NEW YORK BRANCH, as Lender

By:    /s/ Shihui Wang    
Name: Shihui Wang
Title: Deputy General Manager

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

$40,000,000    Branch Banking and Trust Company, as Lender

By:    /s/ James E. Davis    
Name: James E. Davis
Title: Senior Vice President

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

$40,000,000    Citizens Bank of Pennsylvania, as Lender

By:    /s/ Leslie D. Broderick    
Name: Leslie D. Broderick
Title: Senior Vice President

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

$40,000,000    JPMorgan Chase Bank N.A., as Lender

By:    /s/ Eugene M. Kennedy III    
Name: Eugene M. Kennedy III
Title: Vice President

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

$40,000,000    KBC BANK N.V., NEW YORK BRANCH, as Lender

By:    /s/ Kurt O. Pagon    
Name: Kurt O. Pagon
Title: Vice President

By:    /s/ Thomas R. Lalli    
Name: Thomas R. Lalli
Title: Managing Director

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

$40,000,000    Lloyds TSB Bank plc, as Lender

By:    /s/ Charles Foster    
Name: Charles Foster
Title: Managing Director

By:    /s/ Windsor Davies    
Name: Windsor Davies
Title: Managing Director

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

$40,000,000    Societe Generale, as Lender

By:    /s/ Milissa Goeden    
Name: Milissa Goeden
Title: Director

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

$40,000,000    TD Bank N.A., as Lender

By:    /s/ Craig Welch    
Name: Craig Welch
Title: Senior Vice President

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

$40,000,000    THE BANK OF NEW YORK MELLON, as Lender

By:    /s/ William M. Feathers    
Name: William M. Feathers
Title: Vice President

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

$40,000,000    Wells Fargo Bank, N.A., as Lender

By:    /s/ James Travagline    
Name: James Travagline
Title: Director

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

Exhibit A
to
Credit Agreement
Form of Revolving Loan Note
Lender: [Name of Lender]                            New York, New York
Principal Amount: [$     ]                            ___________ __, ____
FOR VALUE RECEIVED, the undersigned, [FMC Corporation, a Delaware corporation]
[FMC Finance B.V., a company organized and existing under the laws of the
Netherlands] [FMC Chemicals Netherlands B.V., a company organized and existing
under the laws of the Netherlands] [FMC Biopolymer Germany GmbH, a company
organized and existing under the laws of Germany] [Surety International Ltd., a
company organized and existing under the laws of Bermuda] [FMC Foret S.A., a
company organized and existing under the laws of Spain] (the “Borrower”), hereby
promises to pay to the order of the Lender set forth above (the “Lender”) the
Principal Amount set forth above, or, if less, the aggregate unpaid principal
amount of all Revolving Loans (as defined in the Credit Agreement referred to
below) of the Lender to the Borrower, payable at such times, and in such
amounts, as are specified in the Credit Agreement.
The Borrower promises to pay interest on the unpaid principal amount of the
Revolving Loans from the date made until such principal amount is paid in full,
at such interest rates, and payable at such times, as are specified in the
Credit Agreement.
Both principal and interest are payable in Dollars to Citibank, N.A., as
Administrative Agent, at 388 Greenwich Street, New York, New York 10013, in
immediately available funds.
This Note is one of the Revolving Loan Notes referred to in, and is entitled to
the benefits of, the Credit Agreement, dated as of August 5, 2011 (as the same
may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among the U.S. Borrower,
the Euro Borrowers, the Lenders, Issuing Banks and other parties party thereto
and Citibank, N.A., as Administrative Agent for the Lenders and Issuing Banks.
Capitalized terms used herein and not defined herein are used herein as defined
in the Credit Agreement.
The Credit Agreement, among other things, (a) provides for the making of
Revolving Loans by the Lender to the Borrower in an aggregate amount not to
exceed at any time outstanding the Principal Amount set forth above, the
indebtedness of the Borrower resulting from such Revolving Loans being evidenced
by this Note and (b) contains provisions for acceleration of the maturity of the
unpaid principal amount of this Note upon the happening of certain stated events
and also for prepayments on account of the principal hereof prior to the
maturity hereof upon the terms and conditions therein specified.
[This Note is entitled to the benefits of the Guaranty.](1)
Demand, diligence, presentment, protest and notice of non-payment and protest
are hereby waived by the Borrower.
_____________
(1) Not applicable if FMC Corporation is the Borrower.

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

This Note shall be governed by, and construed and interpreted in accordance
with, the law of the State of New York.

[Signature Page Follows]

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

In witness whereof, the Borrower has caused this Note to be executed and
delivered by its duly authorized officer as of the day and year and at the place
set forth above.
[Name of Applicable Borrower]

By:    _______________________________
    
Name:
Title:

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

Exhibit B-1
to
Credit Agreement

Form of Notice of Revolving Loan Borrowing

Citibank, N.A.
as Administrative Agent under the
Credit Agreement referred to below
388 Greenwich Street
New York, New York 10013                                    [Date]
Attention:
Re:     FMC Corporation (the “U.S. Borrower”)
Reference is made to the Credit Agreement, dated as of August 5, 2011 (as the
same may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among the U.S. Borrower,
the Euro Borrowers, the Lenders, Issuing Banks and other parties party thereto
and Citibank, N.A., as Administrative Agent for the Lenders and Issuing Banks.
Capitalized terms used herein and not defined herein are used herein as defined
in the Credit Agreement.
The undersigned, U.S. Borrower, hereby gives you notice, irrevocably (subject to
the terms of Section 2.09(c) and Section 3.06 of the Credit Agreement), pursuant
to Section 3.01 of the Credit Agreement that the undersigned hereby requests a
Revolving Loan Borrowing under the Credit Agreement, and in connection therewith
sets forth below the information relating to such Revolving Loan Borrowing (the
“Proposed Revolving Loan Borrowing”) as required by Section 3.01(a) of the
Credit Agreement:
(i)The Business Day of the Proposed Revolving Loan Borrowing is ____________,
20__ (the “Funding Date”).
(ii)The Type of Revolving Loans comprising the Proposed Revolving Loan Borrowing
is [Base Rate Loans] [Eurocurrency Rate Loans].
(iii)The [Currency of the Proposed Revolving Loan Borrowing is ___________ and
the](2) aggregate amount of the Proposed Revolving Loan Borrowing is
____________.
(iv)**[The Interest Period for each Revolving Loan made as part of the Proposed
Revolving Loan Borrowing is _____ month[s].]
(v)The Borrower is [___________________].

_________________
(2) Insert in case of Eurocurrency Rate Borrowing only.
** To be used in the case of a Revolving Loan Borrowing comprised of
Eurocurrency Rate Loans.

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The undersigned hereby certifies that the following statements are true on the
date hereof and shall be true on the Funding Date both before and after giving
effect to the Proposed Revolving Loan Borrowing and to the application of the
proceeds therefrom:
A.the representations and warranties set forth in Article V of the Credit
Agreement and the other Loan Documents are true and correct in all material
respects on and as of the Funding Date with the same effect as though made on
and as of such date, except to the extent such representations and warranties
expressly relate to an earlier date, in which case such representations and
warranties shall have been true and correct as of such date; and
B.no Default or Event of Default has occurred and is continuing on the Funding
Date.

[Signature Page Follows]

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FMC Corporation
 
[on behalf of [Applicable Euro Borrower]](3)
 
 
 
By:
 
Name:
 
Title:

_______________
(3) If applicable.

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Exhibit B-2
to
Credit Agreement
Form of Notice of Conversion or Continuation
_________ __, ____
Citibank, N.A.,
as Administrative Agent under the
Credit Agreement referred to below
388 Greenwich Street
New York, New York 10013    

Attention:     
Re:     FMC Corporation (the “U.S. Borrower”)
Reference is made to the Credit Agreement, dated as of August 5, 2011 (as the
same may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among the U.S. Borrower,
the Euro Borrowers, the Lenders, Issuing Banks and other parties party thereto
and Citibank, N.A., as Administrative Agent for the Lenders and Issuing Banks.
Capitalized terms used herein and not otherwise defined herein are used herein
as defined in the Credit Agreement.
The Borrower hereby gives you notice, irrevocably, pursuant to Section 2.14 of
the Credit Agreement that the undersigned hereby requests a
[conversion] [continuation] on _______ _, ____ of $____________ in principal
amount of presently outstanding Revolving Loans that are [Base Rate
Loans] [Eurocurrency Rate Loans] having an Interest Period ending on ______ __,
____ [to] [as] [Base Rate][Eurocurrency Rate] Loans. [The Interest Period for
such amount requested to be converted to or continued as Eurocurrency Rate Loans
is [one] [two] [three] [six] month[s]].]
[Signature Page Follows]

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In connection herewith, the undersigned hereby certifies that no Default or
Event of Default has occurred and is continuing on the date hereof.
[Name of Applicable Borrower]
By:    _______________________________
    
Name:
Title:

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Exhibit C-1
to
Credit Agreement

Form of Assignment and Acceptance

Assignment and Acceptance, dated as of _________ __, ____ (this “Assignment and
Acceptance”) (between [Name of Assignor] (the “Assignor”) and [Name of Assignee]
(the “Assignee”).
Reference is made to the Credit Agreement, dated as of August 5, 2011 (as the
same may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among FMC Corporation, a
Delaware corporation (the “U.S. Borrower”), the Euro Borrowers, the Lenders,
Issuing Banks and other parties party thereto and Citibank, N.A., as
Administrative Agent for the Lenders and Issuing Banks. Capitalized terms used
herein and not defined herein are used herein as defined in the Credit
Agreement.
_________________ (the “Assignor”) and _______________ (the “Assignee”) agree as
follows:
The Assignor and the Assignee hereby agree as follows:
1.
As of the Effective Date (as defined below), the Assignor hereby sells and
assigns to the Assignee, and the Assignee hereby purchases and assumes from the
Assignor, all of the Assignor's rights and obligations under the Credit
Agreement to the extent related to the amounts and percentages specified in
Section 1 of Schedule I hereto.

2.
The Assignor (a) represents and warrants that (i) it is the legal and beneficial
owner of the interest being assigned by it hereunder and that such interest is
free and clear of any adverse claim and (ii) it has full power and authority,
and has taken all actions necessary, to execute and deliver this Assignment and
Acceptance and to consummate the transactions contemplated hereby, (b) makes no
representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with the
Credit Agreement or any other Loan Document or any other instrument or document
furnished pursuant thereto or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement or any other Loan
Document, any other instrument or document furnished pursuant thereto or any
collateral thereunder, (c) makes no representation or warranty and assumes no
responsibility with respect to the financial condition of the Borrowers or the
performance or observance by the Borrowers of any of its obligations under the
Credit Agreement or any other Loan Document or any other instrument or document
furnished pursuant thereto and (iv) attaches the Note(s), if any, held by the
Assignor and requests that the Administrative Agent exchange such Note(s) for a
new Note or Notes in accordance with Section 9.07(e) of the Credit Agreement.

3.
The Assignee (a) agrees that it will, independently and without reliance upon
the Administrative Agent, the Assignor or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to
make its own credit decisions in taking or not taking action under the Credit
Agreement, (b) appoints and authorizes the

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Administrative Agent to take such action as agent on its behalf and to exercise
such powers under the Credit Agreement and the other Loan Documents as are
delegated to the Administrative Agent by the terms thereof, together with such
powers as are reasonably incidental thereto, (c) agrees that it will perform in
accordance with their terms all of the obligations that, by the terms of the
Credit Agreement, are required to be performed by it as a Lender, (d) represents
and warrants that it (i) is an Eligible Assignee, (ii) has full power and
authority, and has taken all actions necessary, to execute and deliver this
Assignment and Acceptance and to consummate the transactions contemplated hereby
and (iii) 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 the decision to acquire the Assigned Interest is
experienced in acquiring assets of such type, (e) confirms it has received or
has been given the opportunity to receive such documents and information as it
has deemed appropriate to make its own credit analysis and decision to enter
into this Assignment and Acceptance and to purchase the Assigned Interest
independently and without reliance upon the Administrative Agent, the Assignor
or any Lender, (f) specifies as its Domestic Lending Office (and address for
notices) and Eurocurrency Lending Office the offices set forth beneath its name
on the signature pages hereof and (g) if applicable, attaches two properly
completed Forms W-8BEN, W-8ECI or successor or form prescribed by the Internal
Revenue Service of the United States, certifying that such Assignee is entitled
to receive all payments under the Credit Agreement and the Notes payable to it
without deduction or withholding of any United States federal income taxes.

4.
Following the execution of this Assignment and Acceptance by the Assignor and
the Assignee, it will be delivered to the Administrative Agent (together with an
assignment fee in the amount of $3,500 payable by the Assignee to the
Administrative Agent if required pursuant to Section 9.07(a)(iv)) for acceptance
by the Administrative Agent and the U.S. Borrower and recording by the
Administrative Agent. The effective date of this Assignment and Acceptance shall
be the effective date specified in Section 2 of Schedule I hereto (the
“Effective Date”).

5.
Upon such acceptance and recording by the Administrative Agent, then, as of the
Effective Date, (a) the Assignee shall be a party to the Credit Agreement and,
to the extent provided in this Assignment and Acceptance, have the rights and
obligations under the Credit Agreement of a Lender and, if such Lender were an
Issuer, of such Issuer and (b) the Assignor shall, to the extent provided in
this Assignment and Acceptance, relinquish its rights (except those surviving
the payment in full of the Obligations) and be released from its obligations
under the Loan Documents other than those relating to events or circumstances
occurring prior to the Effective Date.

6.
Upon such acceptance and recording by the Administrative Agent, from and after
the Effective Date, the Administrative Agent shall make all payments under the
Loan Documents in respect of the interest assigned hereby (a) to the Assignee,
in the case of amounts accrued with respect to any period on or after the
Effective Date, and (b) to the Assignor, in the case of amounts accrued with
respect to any period prior to the Effective Date.

7.
This Assignment and Acceptance shall be governed by, and be construed and
interpreted in accordance with, the law of the State of New York.

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8.
This Assignment and Acceptance may be executed in any number of counterparts and
by different parties on separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall
constitute but one and the same agreement. Delivery of an executed counterpart
of this Assignment and Acceptance by telecopier shall be effective as delivery
of a manually executed counterpart of this Assignment and Acceptance.

[Signature Pages Follow]

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IN WITNESS WHEREOF, the Assignor and the Assignee have caused Schedule 1 to this
Assignment and Acceptance to be executed by their officers thereunto duly
authorized as of the date specified thereon.

[name of assignor],
as Assignor
By:    _______________________________
Name:
Title:

[name of assignee],
as Assignee
By:    _______________________________    
Name:
Title:

Domestic Lending Office (and
address for notices):
[Insert Address (including contact name, fax number and e-mail address)]
Eurocurrency Lending Office:
[Insert Address (including contact name, fax number and e-mail address)]

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Accepted and Agreed
as of the first date written above

Citibank, N.A.
as Administrative Agent

By:    _______________________________
Name:
Title:

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[Borrower](4)
By:    _______________________________
Name:
Title:

_______________
(4) If required pursuant to Section 9.07 of the Credit Agreement.

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[Issuing Bank](5)
By:    _______________________________
Name:
Title:

_______________
(5) If required pursuant to Section 9.07 of the Credit Agreement.

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[Swing Line Lender] (6)
By:    _______________________________
Name:
Title:

_______________
(6) If required pursuant to Section 9.07 of the Credit Agreement.

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Schedule I
to
Assignment and Acceptance
Section 1.
Ratable Portion assigned to Assignee:
 
Revolving Credit Facility
Revolving Credit CUSIP: _____________
%
Revolving Credit Commitment assigned to Assignee:
$____________
Aggregate outstanding principal amount of Revolving Loans assigned to Assignee:
$____________
Section 2.
 
Effective Date:
_______ _, ____

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EXHIBIT A to EXHIBIT C-1

CONFIDENTIALITY AGREEMENT

_______________, ____

FMC Corporation
1735 Market Street
Philadelphia, PA 19103
Attention: Thomas C. Deas, Jr., Vice President and Treasurer

Ladies and Gentlemen:

We refer to the Credit Agreement, dated as of August 5, 2011 (as the same may be
amended, restated, amended and restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among FMC Corporation, a Delaware
corporation (the “U.S. Borrower”), the Euro Borrowers, the Lenders, Issuing
Banks and other parties party thereto and Citibank, N.A., as Administrative
Agent for the Lenders and Issuing Banks. Capitalized terms used herein and not
defined herein are used herein as defined in the Credit Agreement.
We are considering entering into an Assignment and Acceptance and, intending to
be legally bound, we hereby agree to abide by the terms of Section 9.11 of the
Credit Agreement as if we were a party thereto.
This letter shall be governed by and construed in accordance with the laws of
the State of New York.

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[name of assignor],
as Assignor
By:        _________________________
Name:
Title:

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[name of assignee],
as Assignee
By:        _________________________
Name:
Title:

Domestic Lending Office (and
address for notices):
[Insert Address (including contact name, fax number and e-mail address)]
Eurocurrency Lending Office:
[Insert Address (including contact name, fax number and e-mail address)]

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EXHIBIT C-2

FORM OF PARTICIPATION AGREEMENT

____________, ____

[Name of Participant]
[Address of Participant]

FMC Corporation (the “U.S. Borrower”)

Ladies and Gentlemen:

We refer to the Credit Agreement, dated as of August 5, 2011 (as the same may be
amended, restated, amended and restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among the U.S. Borrower, the Euro
Borrowers, the Lenders, Issuing Banks and other parties party thereto and
Citibank, N.A., as Administrative Agent for the Lenders and Issuing Banks, a
copy of which has been furnished to you, pursuant to which we will, subject to
the terms and conditions thereof, make Loans from time to time in an aggregate
amount not to exceed at any time outstanding $__________ (or the equivalent in
an Alternate Currency). Unless otherwise defined herein, capitalized terms used
herein have the meanings set forth in the Credit Agreement, except that as used
herein, the term “Loans” shall refer to Loans* made from time to time by us to
the Borrowers pursuant to the Credit Agreement. The Revolving Loans made and to
be made by us under the Credit Agreement are evidenced by [a promissory note
dated ________, 2011 (the “Note”)] [promissory notes dated __________________,
2011 (the “Notes”)].
We hereby confirm that we are to sell and transfer to you, and that you are to
buy and receive from us, an undivided interest and participation (your
“Participation”) to the extent of $____________ (the “Participation Amount”) of
(a) the Revolving Loans made by us which are outstanding on the date hereof and,
in the case of Revolving Loans, a corresponding amount of the Note and (b) each
Loan made by us after the date hereof, on the following terms and conditions:
1.Purchase of Participation. (a) You will, on or before ____ A.M. (New York City
time) on [specify date], pay to us, at our office at
___________________________, _____________, _________________ (the “Payment
Office”), as the purchase price for your Participation in the Loan(s)
outstanding on the date hereof, an amount equal to the Purchased Interest (as
defined in Section 1(b) below) of the aggregate principal amount of such Loans
in [Currency] and in same day funds [plus accrued interest and fees to the
Effective Date]. We will, promptly upon our receipt of this purchase price from
you, send you a participation certificate, in substantially the form of
Exhibit A, confirming and evidencing your Participation in the Loan(s)
outstanding on the date hereof.
(b)For purposes of this Agreement, “Purchased Interest” means at any time a
fraction, expressed as a percentage, obtained by dividing (i) the Participation
Amount (reduced by payments of principal to which you are entitled pursuant to
this Participation Agreement and by the
______________
*Exclude the Loans which are not to be covered by the Participation Agreement.

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amount of such Participation Amount repurchased pursuant to the final sentence
of this Section 1(b)) by (ii) the aggregate principal amount of the Loans which
are or may in the future be held by us at such time. As of the date hereof, the
Purchased Interest is ___%. You acknowledge that as a result of assignments made
by or to us pursuant to Section 9.07 of the Credit Agreement, your Purchased
Interest is subject to change from time to time. Furthermore, you agree that we
have the right, but not the obligation, in our sole discretion and at any time
(upon two Business Days' notice to you), to repurchase at par all or any portion
of your Participation Amount then outstanding.
(c)We will, promptly upon receipt of notice of a proposed Loan under the Credit
Agreement, notify you of the date and amount and Borrower of such Loan and the
amount of your Participation therein, as well as the Currency and Type of Loans
and Interest Period selected by the Company and the interest rate basis and rate
applicable to your Participation in such Loan under this Agreement. You will, on
or before ____ A.M. (New York City time) on the date of such Loan, pay to us, at
the Payment Office, as the purchase price for your Participation in such Loan,
an amount equal to your Purchased Interest of such Loan in United States dollars
and in same day funds.
(d)If, for any reason, you fail to make timely payment to us of your Purchased
Interest of any Loan, in addition to other rights and remedies which we may
have, we shall be entitled (i) to collect interest from you on your Purchased
Interest thereof for the period from the date when payment was due until payment
is made at the Federal Funds Rate for each day during that period, (ii) to
withhold or set off, and to apply to the payment of your Purchased Interest
thereof and any related interest, any amounts that we receive in respect of
Loans in which you have a Participation, (iii) to withhold from you any right of
consent provided to you by Section 6 of this Agreement and (iv) to bring an
action or suit against you in a court of competent jurisdiction to recover your
Purchased Interest thereof and any related interest.
2.Payments. (a) Whenever we receive a payment of principal, interest, facility
fee or other payment, or whenever we make an application of funds, in connection
with the Loans or the Note (including, without limitation, any payment or
application from any property or deposit held or taken in connection with the
Loans or the Note, whether as collateral or otherwise), we will promptly pay
over to you, in United States dollars (or, if another Currency was received or
applied by us in such other Currency) and in the kind of funds so received or
applied by us, an amount equal to your Purchased Interest of such payment or
application (net of any sharing thereof with other lenders required under the
Credit Agreement), determined as follows:
(i)in the case of interest on the Base Rate Loans, we will pay over to you your
Purchased Interest thereof, calculated for each Base Rate Loan by applying a
rate per annum equal to the sum of the Base Rate for that Base Rate Loan plus
___%;
(ii)in the case of interest on the Eurocurrency Rate Loans, we will pay over to
you your Purchased Interest thereof, calculated for each Eurocurrency Rate Loan
by applying the rate of [____________] [a rate per annum equal to the sum of the
Eurocurrency Rate for that Eurocurrency Rate Loan plus ____%], whether or not
that rate is the same as the rate applicable to [the Eurocurrency Rate Loans]
[that Eurocurrency Rate Loan under the Credit Agreement], accruing for each
Eurocurrency Rate Loan while a Participation in that Loan is held by you;
(iii)in the case of fees paid to us pursuant to Sections 2.05(a) and (b)(i) of
the Credit Agreement, we will pay over to you your Purchased Interest thereof,
calculated at _________________, accruing from _________________; and]

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(iv)in the case of principal, we will pay over to you your Purchased Interest
thereof.
Unless specifically referred to in clause (i) through (iv) of this Section 2(a),
you shall not be entitled to receive a share of any other amounts to which we
may be entitled under the Credit Agreement or any related document.
(b)All computations of interest based on the Base Rate and of facility fees and
letter of credit commission shall be made on the basis of a 365/366-day year,
and all other computations of interest shall be made on the basis of a 360-day
year, in each case for the actual number of days (including the first day but
excluding the last day) occurring in the applicable period. Any determination
made by us as to the allocation of payments received or amounts applied to your
Participation in the Loan(s) shall be conclusive and binding for all purposes,
absent manifest error.
(c)If, for any reason, we make any payment to you before we have received the
corresponding payment or made the corresponding application (it being understood
that we are under no obligation to do so), and we do not receive the
corresponding payment or make the corresponding application within five Business
Days of our payment to you, you will, at our request, promptly return that
payment to us (together with interest on that payment at the Federal Funds Rate
for each day from the making of that payment to you until its return to us).
(d)If, after we have paid to you your Purchased Interest of any such payment
received by us or any such application made by us, such payment or application
is rescinded or must otherwise be returned or must be paid over by us to any
other person or entity, whether pursuant to any bankruptcy or insolvency law,
Section 2.13 of the Credit Agreement or otherwise, you will, at our request,
promptly pay back to us your Purchased Interest of the payment or application so
returned or paid over, together with your Purchased Interest of any interest or
other amount required to be paid by us with respect to such payment or
application.
3.Responsibilities of Seller. We will administer the Loans and the Note with the
same degree of care as is customary generally for the administration of
corporate loans in the New York financial market, provided that we will not be
liable for any error of judgment, or for any action taken or omitted to be taken
by us, except for our own gross negligence or willful misconduct. Without
limitation of the generality of the foregoing, we (a) may consult with legal
counsel (including counsel for any Borrower), independent public accountants and
other experts selected by us and shall not be liable for any action taken or
omitted to be taken in good faith by us in accordance with the advice of such
counsel, accountants or experts; (b) make no warranty or representation and
shall not be responsible for any statements, warranties or representations
(whether written or oral) made in or in connection with the Credit Agreement or
any document relating thereto or for the financial condition of any Borrower;
(c) shall not have any duty to ascertain or to inquire as to the performance or
observance of any of the terms, covenants or conditions of the Credit Agreement
or any document relating thereto on the part of any Borrower or to inspect the
property (including the books and records) of any Borrower; (d) shall not be
responsible for the due execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement, the Note or any
document relating thereto; and (e) shall incur no liability under or in respect
of the Credit Agreement, the Note or any such document by acting upon any
notice, certificate or other instrument or writing (which may be by telecopier,
telegram, cable or telex) believed by us to be genuine and signed or sent by the
proper party or parties.
4.Agreements of Purchaser. You acknowledge that you have, independently and
without reliance upon us and based on the financial statements referred to in
the Credit Agreement and such other documents and information as you have deemed
appropriate, made your own credit analysis

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and decision to enter into this Agreement. You also acknowledge that you will,
independently and without reliance upon us and based on such documents and
information as you shall deem appropriate at the time, continue to make your own
credit decisions in taking or not taking action under this Agreement.
5.Agreements of Seller; Confidentiality. (a) As of the date of your purchase of
a Participation in each Loan and the Note hereunder and before giving effect
thereto, (i) we will be the legal owner of such Loan and the Note and, to the
extent of your Participation, the beneficial owner of such Loan and the Note,
free and clear of any adverse claim, and (ii) we will not have actual knowledge
of the existence of any Event of Default.
(b)We have furnished you with copies of the Credit Agreement and the financial
statements and other documents delivered to us in connection with the Credit
Agreement and requested by you. Upon your request, we will furnish to you copies
of the publicly available financial statements and other publicly available
documents, and (subject to any duty of confidentiality to which we are subject)
such other documents as we shall receive pursuant to the Credit Agreement, but
we assume no responsibility with respect to the authenticity, validity, accuracy
or completeness thereof. You agree to maintain the confidentiality of any
confidential information included in this documentation and have executed and
delivered to us a confidentiality agreement substantially in the form of
Exhibit B hereto.
(c)We will give you prompt notice of the occurrence of any Event of Default
under the Credit Agreement of which we shall have actual knowledge; but no
failure to give you any such notice shall result in any liability on our part to
you.
6.Administration by Seller. (a) We will carry out our administrative duties to
you under this Agreement in accordance with the terms of this Agreement and as
otherwise required by applicable law.
(b)[We shall not, without your prior written consent, agree to the amendment,
modification or waiver of any of the terms of the Credit Agreement, the Note, or
any agreement or document relating thereto or any collateral therefor, consent
to any action or failure to act by any Borrower or any other party, or exercise
any rights we may have in respect thereof, if, in any case, such amendment,
modification, waiver, consent or exercise would (i) increase the amount of the
Commitment, (ii) reduce the principal amount of or rate of interest on the Loans
or any fee of which you are entitled to receive a share under this Agreement
payable under the Credit Agreement, or (iii) postpone any date fixed for any
payment of principal of or interest on the Loans or any fee of which you are
entitled to receive a share under this Agreement payable under the Credit
Agreement. If we shall request your written consent to any of the actions
described in this paragraph (b), and shall not receive your consent or a denial
thereof in writing within 10 days of the making of such request, you shall be
deemed to have given your consent.](7)
(c)Except as otherwise expressly provided in this Section 6, we reserve the
right, in our sole discretion, in each instance, without prior notice to you, to
agree to the amendment, modification or waiver of any of the terms of the Credit
Agreement, the Note, or any agreement or document relating thereto, to consent
to any action or failure to act by any Borrower or any other party, and to
exercise or refrain from exercising any powers or rights which we may have under
or in respect of the Credit Agreement, the Note, or any agreement or document
relating thereto or any collateral therefor, including, without limitation, the
right to enforce the obligations of any Borrower or any other party.

______________
(7) For special provisions regarding members of the Farm Credit System as set
forth in Section 9.07(f) of the Credit Agreement.

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7.Reimbursement of Expenses. You will on demand reimburse us to the extent of
your Purchased Interest of the Loans and the Note for any and all reasonable
costs, expenses and disbursements which may be incurred or made by us in
connection with the Loans or the Note, and any action which may be taken by us
to collect or enforce any obligation of any Borrower in respect of the Loans or
the Note, for which we are not reimbursed at any time by or on behalf of any
Borrower. We shall be entitled to deduct from any payments to be made to you
under this Agreement, and to retain, your Purchased Interest of any and all
reasonable costs, expenses and disbursements which may be incurred or made by us
in connection with the Loans or the enforcement of any obligation of any
Borrower or any guarantor in respect of the Loans or the Note.
8.Sharing of Payments. If you shall obtain any payment (whether voluntary,
involuntary, through the exercise of any right of set-off, or otherwise) on
account of the Loans and the Note in excess of your Purchased Interest in
payments on account of the Loans and the Note obtained by us, you shall
forthwith purchase from us such additional Participations in the Loans and the
Note as shall be necessary to cause you to share such excess payment ratably
with us, provided, however, that if all or any portion of such excess payment is
thereafter recovered from you, such purchase from us shall be rescinded and we
shall repay to you the purchase price to the extent of such recovery (together
with interest on that amount at the Federal Funds Rate for each day from the
date of payment of such purchase price to us until the return of such purchase
price to you).
9.Other Property, Deposits and Indebtedness. If any property is taken by us as
collateral for any other loans or extensions of credit made by us to or for any
Borrower or any other party, or any property is in our possession or control, or
any deposit is held or other indebtedness is owing by us, and that property,
deposit or indebtedness, or the proceeds thereof, may be or become collateral
for or otherwise available for payment in connection with any Loan by reason of
the general description of secured obligations contained in any security
agreement or other agreement or instrument held by us or by reason of the right
of set-off, counterclaim or otherwise, you shall have no interest in that
property, deposit or indebtedness, or the proceeds thereof, except that if that
property, deposit or indebtedness, or the proceeds thereof, shall be applied in
reduction of amounts outstanding in connection with any Loan or the Note, then
you shall be entitled to your Purchased Interest therein (determined in
accordance with Section 2).
10.[Taxes. (a) With respect to any payment made to or by you hereunder, you
agree to pay (or, alternatively, to permit us to pay on your behalf) any present
or future taxes, levies, imposts, deductions, charges, or withholdings, and all
liabilities with respect thereto, excluding taxes imposed on net income and all
income and franchise taxes (all such non-excluded taxes, levies, imposts,
deductions, charges, withholdings and liabilities being hereinafter referred to
as “Taxes”).
(b)In addition, you agree to pay any present or future stamp or documentary
taxes or any other excise or property taxes, charges or similar levies which
arise from any payment made hereunder or from the execution, delivery or
registration of, or otherwise with respect to, this Agreement (hereinafter
referred to as “Other Taxes”).
(c)You will indemnify us for the full amount of Taxes or Other Taxes (including,
without limitation, any Taxes or Other Taxes imposed by any jurisdiction on
amounts payable under this Section 10) paid by us and any liability (including
penalties, interest or expenses) arising therefrom or with respect thereto,
whether or not such Taxes or Other Taxes were correctly or legally asserted.
This indemnification shall be made within 30 days from the date we make written
demand therefor.

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

(d)You agree to provide to us, from time to time, completed and signed copies of
any forms that may be required in order to certify your exemption from United
States withholding taxes with respect to payments to be made to you under this
Agreement.]
11.Silent Participation; Subparticipation. (a)   You shall not, without our
prior written consent, notify or contact any Borrower with respect to any
Participation except with respect to delivery to any Borrower of the
confidentiality letter agreement pursuant to Section 5(b). Notwithstanding the
foregoing, you shall have the right to disclose Participations, and the name of
the Borrower with respect thereto, in any filing, prospectus or other document
made available publicly or to your customers or otherwise as required by law.
(b)You shall not subparticipate, assign or transfer your Participation in the
Loans and the Note without our prior written consent and until the
subparticipant or assignee has signed a confidentiality agreement except as
provided in this Section 11. You may, upon prior written notice to us, but
without our consent, subparticipate all or any part of your Participation in any
Loan to, or for the benefit of, any of your Subsidiaries or Affiliates, provided
that (i) your obligations under this Agreement shall remain unchanged and you
shall remain solely responsible for the performance of your obligations under
this Agreement, (ii) we shall continue to deal solely and directly with you in
connection with your rights and obligations under this Agreement and (iii) the
subparticipant or assignee shall sign a confidentiality agreement.
12.Termination. This Agreement is a continuing agreement and shall remain in
full force and effect until ______________, ____, but you shall not at any time
be released from any obligations hereunder in respect of any Loans made on or
prior to the Termination Date.
13.Notices and Payments. All notices and other communications provided for under
this Agreement shall be in writing (including telecopier, telegram, cable or
telex communications), unless otherwise specified, and shall be sent to you at
the address set forth above or to us at the address set forth below (or such
other address as you or we may designate in writing).
14.Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York.

[Signature Page Follows]

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Please confirm you agreement with the foregoing by executing the enclosed copy
hereof and returning the same to us.
 
Very truly yours,
 
[NAME OF SELLER]
 
 
 
By:______________________
 
Name:
 
Title:
 
 
Accepted this ___ day of _______, ____
 
[NAME OF PARTICIPANT]
 
 
 
By:______________________
 
Name:
 
Title:
 
 
 
FMC CORPORATION
 
[on behalf of [Borrower]](8)
 
 
 
By:______________________
 
Name:
 
Title:
 

_________________
(8) If required by Section 9.07(f) of the Credit Agreement.

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EXHIBIT A to EXHIBIT C-2

PARTICIPATION CERTIFICATE

________________, ____
[Date of Participation]

[Name and Address of
Participant]

FMC Corporation (the “U.S. Borrower”)

Ladies and Gentlemen:

We hereby confirm that we have sold and transferred to you for your account and
risk, upon the terms and conditions of our Participation Agreement with you,
dated ______________, 201_, an undivided interest and participation (your
“Participation”) to the extent of _____% (your “Purchased Interest”) in and to a
Loan of $____________ made by us on _______________, ____ to [specify] (the
“Borrower”) pursuant to the Credit Agreement, dated as of August 5, 2011 (as the
same may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among the U.S. Borrower,
the Euro Borrowers, the Lenders, Issuing Banks and other parties party thereto
and Citibank, N.A., as Administrative Agent for the Lenders and Issuing Banks.
We acknowledge receipt from you of the sum of $__________ in payment of your
Participation in such Loan.

Very truly yours,

[NAME OF SELLING LENDER]

By_________________________________
Title:

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EXHIBIT B to EXHIBIT C-2

CONFIDENTIALITY AGREEMENT

______________, ____
[Date of Participation]

FMC Corporation
1735 Market Street
Philadelphia, PA 19103
Attention: Thomas C. Deas, Jr., Vice President and Treasurer

Ladies and Gentlemen:

We refer to the Credit Agreement, dated as of August 5, 2011 (as the same may be
amended, restated, amended and restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among FMC Corporation, a Delaware
corporation (the “U.S. Borrower”), the Euro Borrowers, the Lenders, Issuing
Banks and other parties party thereto and Citibank, N.A., as Administrative
Agent for the Lenders and Issuing Banks.
We are considering the purchase of an undivided interest and participation in
and to a Loan or Loans pursuant to a Participation Agreement. Intending to be
legally bound, we hereby agree to abide by the terms of Section 9.11 of the
Credit Agreement as if we were a party thereto.
This letter shall be governed by and construed in accordance with the laws of
the State of New York.

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

 
Very truly yours,
 
[NAME OF PARTICIPANT]
 
 
 
By: _______________________
 
Name:
 
Title:

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

EXHIBIT C-3

FORM OF NEW COMMITMENT ACCEPTANCE

Dated ______________, 20__

FMC CORPORATION (the “U.S. Borrower”)

CITIBANK, N.A., as Administrative Agent for the Lenders referred to in the
Credit Agreement, dated as of August 5, 2011 (as the same may be amended,
restated, amended and restated, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among the U.S. Borrower, the Euro Borrowers, the
Lenders, Issuing Banks and other parties party thereto and Citibank, N.A., as
Administrative Agent for the Lenders and Issuing Banks. Capitalized terms used
herein and not defined herein are used herein as defined in the Credit
Agreement.

Ladies and Gentlemen:

Unless otherwise indicated in this New Commitment Acceptance (the “Acceptance”),
the capitalized terms used in this Acceptance shall have the meanings given to
such terms in the Credit Agreement.
1.[INSERT NAME OF ACCEPTED LENDER] (the “Accepted Lender”) agrees to become a
party to the Credit Agreement and to have the rights and perform the obligations
of a Lender under the Credit Agreement, and to be bound in all respects by the
terms of the Credit Agreement.
2.The Accepted Lender hereby agrees to a Commitment of [INSERT AMOUNT OF
PROPOSED NEW COMMITMENT] (the “Proposed New Commitment”).
3.The Accepted Lender (i) agrees that no Lender has made any representation or
warranty, or assumes any responsibility with respect to, (x) any statements,
warranties or representations made in or in connection with the Credit Agreement
or the execution, legality, validity, enforceability, genuineness, sufficiency
or value of the Credit Agreement or any other instrument or document furnished
pursuant thereto or (y) the financial condition of any Borrower or the
performance or observance by any Borrower of any of its obligations under the
Credit Agreement or any other instrument or document furnished pursuant thereto;
(ii) confirms that it has received a copy of the Credit Agreement, together with
copies of the financial statements referred to in Section 5.03 thereof and such
other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Acceptance; (iii) agrees that it
will, independently and without reliance upon any Agent or any other Lender and
based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action
under the Credit Agreement; (iv) confirms that it is an Eligible Assignee;
(v) appoints and authorizes the Administrative Agent to take such action as
agent on its behalf and to exercise such powers under the Credit Agreement as
are delegated to the Administrative Agent by the terms thereof, together with
such powers as are reasonably incidental thereto; (vi) agrees that it will
perform in accordance with their terms all of the obligations which by the terms
of the Credit Agreement are required to be performed by it as a Lender; (vii)
specifies as its Domestic Lending Office (and address for notices) and
Eurocurrency Lending Office the offices set forth beneath its name on the
signature page(s) hereof; and (viii) attaches the declarations, certifications
and

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

other documents required under Section 2.12(e) of the Credit Agreement as to the
Accepted Lender's status for purposes of determining exemption from withholding
taxes with respect to all payments to be made to the Accepted Lender under the
Credit Agreement or to indicate that all such payments are subject to such rates
at a rate reduced by an applicable tax treaty.
4.The effective date for this Acceptance shall be the Increase Date related to
this Acceptance (the “Effective Date”); provided that this Acceptance has been
fully executed and delivered to the Administrative Agent for acceptance and
recording by the Administrative Agent on or prior to such Increase Date.
5.Upon such execution, delivery, acceptance and recording and as of the
Effective Date, the Accepted Lender shall be a party to the Credit Agreement
with a Commitment equal to the Proposed New Commitment and, to the extent
provided in this Acceptance, have the rights and obligations of a Lender
thereunder.
6.Upon such acceptance and recording, from and after the Effective Date, the
Administrative Agent shall make all payments under the Credit Agreement in
respect of the Proposed New Commitment provided for in this Acceptance
(including, without limitation, all payments of principal, interest and
commitment fees with respect thereto) to the Accepted Lender.
7.This Acceptance shall be governed by and construed in accordance with the laws
of the State of New York.
8.This Acceptance may be signed in any number of counterparts, each of which
shall be an original, with the same as if the signatures were upon the same
instrument.

[SIGNATURES ON FOLLOWING PAGE]

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

 
ACCEPTED LENDER
 
[NAME OF ACCEPTED LENDER]
 
 
 
By: ______________________
 
Name:
 
Title:
 
 
 
Domestic Lending Office (and address for notices):
 
 
 
[Address]
 
 
 
Eurocurrency Lending Office:
 
 
 
[Address]
 
 

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

This Acceptance is hereby acknowledged and agreed on as of the date set forth
above.
 
FMC Corporation
 
 
 
By: ______________________
 
Name:
 
Title:

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

 
CITIBANK, N.A., as Administrative Agent
 
 
 
By: ______________________
 
Name:
 
Title:

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

 
[ISSUING BANKS]
 
 
 
By: ______________________
 
Name:
 
Title:

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

 
[SWING LOAN LENDER]
 
 
 
By: ______________________
 
Name:
 
Title:

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

Exhibit D-1
to
Credit Agreement

Form of Euro Borrower Designation
This Euro Borrower Designation, dated as of _________ __, 20__, is delivered
pursuant to the Credit Agreement, dated as of August 5, 2011 (as the same may be
amended, restated, amended and restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among FMC Corporation, a Delaware
corporation (the “U.S. Borrower”), the Euro Borrowers, the Lenders, Issuing
Banks and other parties party thereto and Citibank, N.A., as Administrative
Agent for the Lenders and Issuing Banks. Capitalized terms used herein and not
defined herein are used herein as defined in the Credit Agreement.
Designation.
By executing and delivering this Euro Borrower Designation, we hereby designate
[_________] a Euro Borrower pursuant to the Credit Agreement
Joinder (9)
By executing and delivering this Euro Borrower Designation, [_________], as
provided in the Credit Agreement, hereby becomes party to the Credit Agreement
as a Euro Borrower thereunder with the same force and effect as if originally
named as a Euro Borrower therein and expressly assumes all obligations and
liabilities of a Euro Borrower thereunder.
The undersigned hereby represents and warrants that (i) each of the
representations and warranties contained in Article V of the Credit Agreement
applicable to it is true and correct on and as the date hereof as if made on and
as of such date and (ii) with respect to the undersigned entity being designated
a Euro Borrower hereby, “know your customer” identifying and related information
acceptable to any Lender having requested the same and sufficient to enable such
Lender to comply with relevant regulations under the USA PATRIOT Act has been
provided to such requesting Lender at least ten (10) Business Days prior to the
date this Euro Borrower Designation is delivered to the Administrative Agent.
Acceptance.
By its acknowledgment below, the Administrative Agent accepts [_________] as a
Euro Borrower upon execution of this Euro Borrower Designation.
(a)[With respect to any Swing Loan Borrower designated under the Credit
Agreement, additional representations may be required to comply with the local
law of such Swing Loan Borrower, as defined by the Administrative Agent or the
advice of counsel.]
__________________
(9) Note: Additional representations may be required to comply with the local
law of such Swing Loan Borrower, as defined by the Administrative Agent or the
advice of counsel.

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

In witness whereof, the undersigned have caused this Euro Borrower Designation
to be duly executed and delivered as of the date first above written.
FMC Corporation
By:     ______________
Name:
Title:

[Euro Borrower]
By:     ______________
Name:
Title:

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

Acknowledged and Agreed
as of the date first above written:
Citibank N.A.,
as Administrative Agent
By:     ______________
Name:
Title:

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

Exhibit D-2
to
Credit Agreement

Form of Swing Loan Borrower Designation
This Swing Loan Borrower Designation, dated as of _________ __, 20__, is
delivered pursuant to the Credit Agreement, dated as of August 5, 2011 (as the
same may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among FMC Corporation, a
Delaware corporation (the “U.S. Borrower”), the Euro Borrowers, the Lenders,
Issuing Banks and other parties party thereto and Citibank, N.A., as
Administrative Agent for the Lenders and Issuing Banks. Capitalized terms used
herein and not defined herein are used herein as defined in the Credit
Agreement.
Designation.
By executing and delivering this Swing Loan Borrower Designation, we hereby
designate [_________] a Swing Loan Borrower pursuant to the Credit Agreement
Joinder(10)
By executing and delivering this Swing Loan Borrower Designation, [_________],
as provided in the Credit Agreement, hereby becomes party to the Credit
Agreement as a Swing Loan Borrower thereunder with the same force and effect as
if originally named as a Swing Loan Borrower therein and expressly assumes all
obligations and liabilities of a Swing Loan Borrower thereunder.
The undersigned hereby represents and warrants that (i) each of the
representations and warranties contained in Article V of the Credit Agreement
applicable to it is true and correct on and as the date hereof as if made on and
as of such date and (ii) with respect to the undersigned entity being designated
a Euro Borrower hereby, “know your customer” identifying and related information
acceptable to the Swing Loan Lender and sufficient to enable the Swing Loan
Lender to comply with relevant regulations under the USA PATRIOT Act has been
provided to the Swing Loan Lender at least ten (10) Business Days prior to the
date this Swing Loan Borrower Designation is delivered to the Administrative
Agent and the Swing Loan Lender.
Acceptance.
By their acknowledgment below, the Administrative Agent and the Swing Loan
Lender accept [_________] as a Swing Loan Borrower upon execution of this Swing
Loan Borrower Designation.
________________
(10) Note: Additional representations may be required to comply with the local
law of such Swing Loan Borrower, as defined by the Administrative Agent or the
advice of counsel.

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

In witness whereof, the undersigned have caused this Swing Loan Borrower
Designation to be duly executed and delivered as of the date first above
written.
FMC Corporation
By:     ______________
Name:
Title:

[Swing Loan Borrower]
By:     ______________
Name:
Title:

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

Acknowledged and Agreed
as of the date first above written:
Citibank, N.A.,
as Administrative Agent
By:     ______________
Name:
Title:

[Swing Loan Lender],
as Swing Loan Lender
By: __________________
Name:
Title:

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

Exhibit E
to
Credit Agreement
Form of Swing Loan Request
[Name of Swing Loan Lender], as the Swing Loan Lender
under the Credit Agreement referred
to below

Citibank, N.A.,
as Administrative Agent under the
Credit Agreement referred to below
388 Greenwich Street
19th Floor, New York New York 10013                            _________ __,
____

Attention:     
Re:     [Insert other Swing Borrower] (a “Swing Loan Borrower”)
Reference is made to the Credit Agreement, dated as of August 5, 2011 (as the
same may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among FMC Corporation, a
Delaware corporation (the “U.S. Borrower”), the Euro Borrower, the Lenders,
Issuing Banks and other parties party thereto and Citibank, N.A., as
Administrative Agent for the Lenders and Issuing Banks. Capitalized terms used
herein and not defined herein are used herein as defined in the Credit
Agreement.
The undersigned Swing Loan Borrower hereby gives you notice, irrevocably,
pursuant to Section 3.03 of the Credit Agreement that the undersigned hereby
requests that the Swing Loan Lender make Swing Loans available to such Swing
Loan Borrower under the Credit Agreement and, in that connection, sets forth
below the information relating to such Swing Loans (the “Proposed Advance”) as
required by Section 3.03 of the Credit Agreement:
(a)The date of the Proposed Advance is __________, ____ (the “Funding Date”).
(b)The aggregate amount of the Borrowing is            .
The undersigned hereby certifies that the following statements are true on the
date hereof and shall be true on the Funding Date both before and after giving
effect to the Proposed Borrowing and to the application of the proceeds
therefrom:
(a)the representations and warranties set forth in Article V of the Credit
Agreement and the other Loan Documents are true and correct in all material
respects on and as of the Funding Date with the same effect as though made on
and as of such date, except to the extent such representations and warranties
expressly relate to an earlier date, in which case such representations and
warranties shall have been true and correct in all material respects as of such
date; and
(b)no Default or Event of Default has occurred and is continuing on the Funding
Date.

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

(c)[With respect to any Swing Loan Borrower designated under the Credit
Agreement, additional representations may be required to comply with the local
law of such Swing Loan Borrower, as defined by the Administrative Agent or the
advice of counsel.]

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

[Swing Loan Borrower]

By:_________________________    
Name:
Title: