Exhibit 10.31 




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EXECUTION COPY 



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$1,000,000,000 



CREDIT AGREEMENT 



dated as of October 26,
2007, 



among 



LABORATORY CORPORATION
OF AMERICA HOLDINGS, 



THE LENDERS NAMED HEREIN 



and 



CREDIT SUISSE, 



as Administrative Agent 



     _________________ 



CREDIT SUISSE SECURITIES (USA) LLC, 


as Bookrunner and 


Lead Arranger 



[CS&M Ref No.
5865-603] 









4 



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                                                 TABLE OF CONTENTS

                                                                                                               Page


                                                     ARTICLE I

                                                    Definitions

SECTION 1.01.         Defined Terms...............................................................................1
SECTION 1.02.         Terms Generally............................................................................17
SECTION 1.03.         Classification of Loans and Borrowings.....................................................18


                                                    ARTICLE II

                                                    The Credits

SECTION 2.01.         Commitments................................................................................18
SECTION 2.02.         Loans......................................................................................18
SECTION 2.03.         Competitive Bid Procedure..................................................................20
SECTION 2.04.         Borrowing Procedure........................................................................22
SECTION 2.05.         Evidence of Debt; Repayment of Loans.......................................................23
SECTION 2.06.         Fees.......................................................................................24
SECTION 2.07.         Interest on Loans..........................................................................25
SECTION 2.08.         Default Interest...........................................................................26
SECTION 2.09.         Alternate Rate of Interest.................................................................26
SECTION 2.10.         Termination and Reduction of Commitments...................................................26
SECTION 2.11.         Conversion and Continuation of Borrowings..................................................27
SECTION 2.12.         Repayment of Term Borrowings...............................................................28
SECTION 2.13.         Optional Prepayment........................................................................30
SECTION 2.14.         Reserve Requirements; Change in Circumstances..............................................30
SECTION 2.15.         Change in Legality.........................................................................32
SECTION 2.16.         Break Funding..............................................................................32
SECTION 2.17.         Pro Rata Treatment.........................................................................33
SECTION 2.18.         Sharing of Setoffs.........................................................................33
SECTION 2.19.         Payments...................................................................................34
SECTION 2.20.         Taxes......................................................................................35
SECTION 2.21.         Assignment of Commitments Under Certain Circumstances;
                      Duty to Mitigate...........................................................................37
SECTION 2.22.         Letters of Credit..........................................................................38
SECTION 2.23.         Incremental Commitments....................................................................42


                                                    ARTICLE III

                                          Representations and Warranties

SECTION 3.01.         Organization; Powers.......................................................................44
SECTION 3.02.         Authorization..............................................................................44
SECTION 3.03.         Enforceability.............................................................................44
SECTION 3.04.         Governmental Approvals.....................................................................44
SECTION 3.05.         Financial Statements.......................................................................44
SECTION 3.06.         No Material Adverse Change.................................................................45
SECTION 3.07.         Subsidiaries...............................................................................45
SECTION 3.08.         Litigation; Compliance with Laws...........................................................45
SECTION 3.09.         Federal Reserve Regulations................................................................45
SECTION 3.10.         Investment Company Act.....................................................................45
SECTION 3.11.         Use of Proceeds............................................................................45
SECTION 3.12.         Tax Returns................................................................................45
SECTION 3.13.         No Material Misstatements..................................................................46
SECTION 3.14.         Employee Benefit Plans.....................................................................46
SECTION 3.15.         Environmental Matters......................................................................46
SECTION 3.16.         Senior Indebtedness........................................................................46


                                                    ARTICLE IV

                                               Conditions of Lending

SECTION 4.01.         All Credit Events..........................................................................46
SECTION 4.02.         First Credit Event.........................................................................47


                                                     ARTICLE V

                                               Affirmative Covenants

SECTION 5.01.         Existence; Businesses and Properties.......................................................48
SECTION 5.02.         Insurance..................................................................................49
SECTION 5.03.         Obligations and Taxes......................................................................49
SECTION 5.04.         Financial Statements, Reports, etc.........................................................49
SECTION 5.05.         Litigation and Other Notices...............................................................50
SECTION 5.06.         Maintaining Records; Access to Properties and Inspections..................................50
SECTION 5.07.         Use of Proceeds............................................................................51


                                                    ARTICLE VI

                                                Negative Covenants

SECTION 6.01.         Subsidiary Indebtedness....................................................................51
SECTION 6.02.         Liens......................................................................................52
SECTION 6.03.         Sale and Lease-Back Transactions...........................................................53
SECTION 6.04.         Mergers, Consolidations and Sales of Assets................................................54
SECTION 6.05.         Restricted Payments........................................................................54
SECTION 6.06.         Business of Borrower and Subsidiaries......................................................54
SECTION 6.07.         Interest Coverage Ratio....................................................................54
SECTION 6.08.         Maximum Leverage Ratio.....................................................................54
SECTION 6.09.         Hedging Agreements.........................................................................54


                                                    ARTICLE VII

                                                 Events of Default



                                                   ARTICLE VIII

                                             The Administrative Agent



                                                    ARTICLE IX

                                                   Miscellaneous

SECTION 9.01.         Notices....................................................................................59
SECTION 9.02.         Survival of Agreement......................................................................59
SECTION 9.03.         Binding Effect.............................................................................60
SECTION 9.04.         Successors and Assigns.....................................................................60
SECTION 9.05.         Expenses; Indemnity........................................................................64
SECTION 9.06.         Right of Setoff............................................................................65
SECTION 9.07.         Applicable Law.............................................................................66
SECTION 9.08.         Waivers; Amendment.........................................................................66
SECTION 9.09.         Interest Rate Limitation...................................................................67
SECTION 9.10.         Entire Agreement...........................................................................67
SECTION 9.11.         WAIVER OF JURY TRIAL.......................................................................67
SECTION 9.12.         Severability...............................................................................67
SECTION 9.13.         Counterparts...............................................................................68
SECTION 9.14.         Headings...................................................................................68
SECTION 9.15.         Jurisdiction; Consent to Service of Process................................................68
SECTION 9.16.         Confidentiality............................................................................68
SECTION 9.17.         Termination of Existing Credit Agreement...................................................69
SECTION 9.18.         USA PATRIOT Act Notice.....................................................................69





Schedule 1.01(a)  Existing Letters of Credit
Schedule 2.01              Lenders and Commitments
Schedule 3.07              Subsidiaries


Exhibit A                  Form of Administrative Questionnaire
Exhibit B                  Form of Assignment and Acceptance
Exhibit C                  Form of Borrowing Request
Exhibit D-1                Form of Competitive Bid Request
Exhibit D-2                Form of Notice of Competitive Bid Request
Exhibit D-3                Form of Competitive Bid
Exhibit D-4                Form of Competitive Bid Accept/Reject Letter
Exhibit E-1                Form of Opinion of Chief Legal Officer of the Borrower
Exhibit E-2                Form of Opinion of Hogan & Hartson L.L.P.




                                                                                                                 38


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	  	        CREDIT
AGREEMENT dated as of October 26, 2007, among LABORATORY CORPORATION OF AMERICA HOLDINGS,
a Delaware corporation (the “Borrower”), the Lenders (as defined in
Article I), and CREDIT SUISSE, as administrative agent (in such capacity, the
“Administrative Agent”) for the Lenders. 







        The
Borrower has requested the Lenders to extend credit in the form of (a) Term Loans (such
term and each other capitalized term used but not defined herein having the meaning given
it in Article I) on the Closing Date, in an aggregate principal amount not to exceed
$500,000,000, and (b) Revolving Loans at any time and from time to time prior to the
Maturity Date, in an aggregate principal amount at any time outstanding not in excess of
the Total Revolving Credit Commitment. The Borrower has also requested the Lenders to
provide a procedure pursuant to which the Borrower may invite the Lenders to bid on an
uncommitted basis on short-term borrowings by the Borrower. The Borrower has requested the
Issuing Bank to issue Letters of Credit, in an aggregate face amount at any time
outstanding not in excess of the L/C Commitment, to support payment obligations incurred
in the ordinary course of business by the Borrower and its Subsidiaries. The proceeds of
the Loans are to be used solely for general corporate purposes of the Borrower and its
Subsidiaries, including (a) working capital, (b) capital expenditures,
(c) the funding of share repurchases and other Restricted Payments permitted
hereunder, (d) acquisitions and other investments and (e) the repayment of all
amounts outstanding or due under the Existing Credit Agreement. 



        The
Lenders are willing to extend such credit to the Borrower and the Issuing Bank is willing
to issue Letters of Credit for the account of the Borrower, in each case on the terms and
subject to the conditions set forth herein. Accordingly, the parties hereto agree as
follows: 




ARTICLE I 




Definitions 


SECTION 1.01.     Defined Terms.  As used in this Agreement, the following terms shall have the meanings specified below:


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



        “Acquisition”
shall mean the acquisition by the Borrower or any wholly owned Subsidiary of the Borrower
of all or substantially all of the assets of a person or line of business of such person,
or all or substantially all of the Equity Interests of a person, in each case where the
aggregate consideration (in whatever form) payable by the Borrower or any Subsidiary
exceeds $10,000,000. 



        “Administrative
Agent” shall have the meaning assigned to such term in the preamble to this
Agreement. 



        “Administrative
Agent Fees” shall have the meaning assigned to such term in Section 2.06(b). 



        “Administrative Questionnaire”
shall mean an Administrative Questionnaire in the form of Exhibit A, or such other form as
may be supplied from time to time by the Administrative Agent. 



        “Affiliate”
shall mean, when used with respect to a specified person, another person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under
common Control with the person specified. 



        “Aggregate
Revolving Credit Exposure” shall mean the aggregate amount of the Lenders’
Revolving Credit Exposures. 



        “Agreement”
shall mean this Credit Agreement, as the same may be amended, restated, supplemented or
otherwise modified from time to time. 



        “Alternate
Base Rate” shall mean, for any day, a rate per annum equal to the greater of
(a) the Prime Rate in effect on such day and (b) the Federal Funds Effective
Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due
to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on
the effective date of such change in the Prime Rate or the Federal Funds Effective Rate,
respectively. 



        “Applicable
Percentage” shall mean, for any day, with respect to any Eurodollar Loan (other
than any Eurodollar Competitive Loan) or with respect to the Facility Fees, as the case
may be, the applicable percentage set forth below under the caption “Eurodollar
Revolving Loan Spread”, “Facility Fee Percentage” or “Eurodollar Term
Loan Spread”, as the case may be, based upon the rating by S&P applicable on such
date to the Index Debt: 




                                          Eurodollar Revolving Loan         Facility Fee Percentage          Eurodollar
S&P Rating                                Spread                                                             Term Loan
                                                                                                             Spread
Category 1                                0.250%                            0.125%                           0.500%
Equal to or
greater than A-
Category 2                                0.350%                            0.150%                           0.625%
BBB+
Category 3                                0.450%                            0.175%                           0.750%
BBB
Category 4                                0.550%                            0.200%                           0.875%
BBB-
Category 5                                0.725%                            0.275%                           1.125%
Less than BBB-




        For
purposes of the foregoing, (a) if S&P shall not have in effect a rating for the Index
Debt (other than by reason of the circumstances referred to in the last sentence of this
definition), then S&P shall be deemed to have established a rating in Category 5; and
(b) if the rating established or deemed to have been established by S&P for the Index
Debt shall be changed (other than as a result of a change in the rating system of
S&P), such change shall be effective as of the date on which it is first announced by
S&P. Each change in the Applicable Percentage shall apply during the period commencing
on the effective date of such change and ending on the date immediately preceding the
effective date of the next such change. If the rating system of S&P shall change, or
if S&P shall cease to be in the business of rating corporate debt obligations, the
Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect
such changed rating system or the non-availability of a rating from S&P and, pending
the effectiveness of any such amendment, the Applicable Percentage shall be determined by
reference to the rating most recently in effect prior to such change or cessation. 



        “Assignment
and Acceptance” shall mean an assignment and acceptance entered into by a Lender
and an assignee (with the consent of any party whose consent is required by
Section 9.04), and accepted by the Administrative Agent, in the form of
Exhibit B or such other form as shall be approved by the Administrative Agent. 



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



        “Borrower”
shall have the meaning assigned to such term in the preamble to this Agreement. 



        “Borrowing”
shall mean (a) Loans of the same Class and Type made, converted or continued on the same
date and, in the case of Eurodollar Loans, as to which a single Interest Period is in
effect or (b) a Borrowing described in the definition of the term “Competitive
Borrowing”. 



        “Borrowing
Request” shall mean a request by the Borrower in accordance with the terms of
Section 2.04. 



        “Business
Day” shall mean any day other than a Saturday, Sunday or day on which banks in
New York City are authorized or required by law to close; provided, however,
that when used in connection with a Eurodollar Loan, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in
dollar deposits in the London interbank market. 



        “Capital
Lease Obligations” of any person shall mean the obligations of such person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use)
real or personal property, or a combination thereof, which obligations are required to be
classified and accounted for as capital leases on a balance sheet of such person under
GAAP, and the amount of such obligations shall be the capitalized amount thereof
determined in accordance with GAAP. 



        A
“Change in Control” shall be deemed to have occurred if (a) any
person or group (within the meaning of Rule 13d-5 of the Securities Exchange Act of
1934 as in effect on the date hereof) shall own directly or indirectly, beneficially or of
record, shares representing more than 40% of the aggregate ordinary voting power
represented by the issued and outstanding capital stock of the Borrower or (b) a
majority of the seats (other than vacant seats) on the board of directors of the Borrower
shall at any time be occupied by persons who were neither (i) nominated by the board
of directors of the Borrower nor (ii) appointed by directors so nominated. 



        “Change
in Law” shall mean (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation
or application thereof by any Governmental Authority after the date of this Agreement or
(c) compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.13, by any
lending office of such Lender or by such Lender’s or Issuing Bank’s holding
company, if any) with any request, guideline or directive (whether or not having the force
of law) of any Governmental Authority made or issued after the date of this Agreement. 



        “Class”,
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans
comprising such Borrowing, are Revolving Loans, Term Loans or Competitive Loans and, when
used in reference to any Commitment, refers to whether such Commitment is a Revolving
Credit Commitment or Term Loan Commitment. 



        “Closing
Date” shall mean October 26, 2007. 



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



        “Commitment”
shall mean, with respect to any Lender, such Lender’s Revolving Credit Commitment or
Term Loan Commitment. 



        “Competitive
Bid” shall mean an offer by a Lender to make a Competitive Loan pursuant to
Section 2.03(b) in the form of Exhibit D-3. 



        “Competitive
Bid Accept/Reject Letter” shall mean a notification made by the Borrower pursuant
to Section 2.03(d) in the form of Exhibit D-4. 



        “Competitive
Bid Rate” shall mean, as to any Competitive Bid, (a) in the case of a
Eurodollar Loan, the Margin, and (b) in the case of a Fixed Rate Loan, the fixed rate
of interest offered by the Lender making such Competitive Bid. 



        “Competitive
Bid Request” shall mean a request made by the Borrower pursuant to
Section 2.03(a). 



        “Competitive
Borrowing” shall mean a Borrowing consisting of a Competitive Loan or concurrent
Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing
have been accepted by the Borrower under the bidding procedure described in
Section 2.03. 



        “Competitive
Loan” shall mean a Loan from a Lender to the Borrower pursuant to the bidding
procedure described in Section 2.03. Each Competitive Loan shall be a Eurodollar
Competitive Loan or a Fixed Rate Loan. 



        “Confidential
Information Memorandum” shall mean the Confidential Information Memorandum of the
Borrower dated October 2007. 



        “Consolidated
EBITDA” shall mean, for any period, Consolidated Net Income for such period plus
(a) without duplication and to the extent deducted in determining such Consolidated Net
Income, the sum of (i) consolidated interest expense net of interest income for such
period, (ii) consolidated income tax expense for such period, (iii) all amounts
attributable to depreciation and amortization for such period and (iv) any extraordinary
charges and all non-cash write-offs and write-downs of amortizable and depreciable items
for such period, and minus (b) without duplication, to the extent included in determining
such Consolidated Net Income, any extraordinary gains and all non-cash items of income for
such period, all determined on a consolidated basis in accordance with GAAP. 



        “Consolidated
Interest Expense” shall mean, for any period, the interest expense (including (a)
imputed interest expense in respect of Capital Lease Obligations and (b) the amortization
of original issue discount in connection with the Subordinated Notes and other
Indebtedness issued with original issue discount) of the Borrower and the Subsidiaries for
such period, net of interest income, in each case determined on a consolidated basis in
accordance with GAAP. For purposes of the foregoing, interest expense shall be determined
after giving effect to any net payments made or received by the Borrower or any Subsidiary
with respect to interest rate Hedging Agreements. 



        “Consolidated
Net Income” shall mean, for any period, the net income or loss of the Borrower
and the Subsidiaries for such period determined on a consolidated basis in accordance with
GAAP. 



        “Consolidated
Total Assets” shall mean, as of any date, the amount of total assets as shown on
the consolidated balance sheet of the Borrower for the most recent fiscal quarter for
which financial statements have been delivered pursuant to Section 5.04(a) or (b),
prepared in accordance with GAAP. 



        “Control”
shall mean the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a person, whether through the ownership of
voting securities, by contract or otherwise, and the terms “Controlling”
and “Controlled” shall have meanings correlative thereto. 



        “Credit
Event” shall have the meaning assigned to such term in Section 4.01. 



        “Default”
shall mean any event or condition which upon notice, lapse of time or both would
constitute an Event of Default. 



        “dollars”
or “$” shall mean lawful money of the United States of America. 



        “Eligible
Assignee” shall mean any commercial bank, insurance company, investment or mutual
fund or other entity (but not any natural person) that is an “accredited
investor” (as defined in Regulation D under the Securities Act of 1933 as amended)
that extends credit or invests in bank loans as one of its businesses; provided
that (a) neither the Borrower nor any of its Affiliates shall be an Eligible Assignee and
(b) unless an Event of Default has occurred and is continuing, any proposed assignee of
Revolving Credit Commitments must have total assets in excess of $500,000,000 to be
considered an Eligible Assignee. 



        “Environmental
Laws” shall mean all laws, rules, regulations, codes, ordinances, orders,
decrees, judgments or injunctions issued, promulgated or entered into by any Governmental
Authority, relating to the environment, the preservation or reclamation of natural
resources, the management or release of Hazardous Materials or to the effect of the
environment on human health and safety. 



        “Environmental
Liability” shall mean liabilities, obligations, claims, actions, suits, judgments
or orders under or relating to any Environmental Law for any damages, injunctive relief,
losses, fines, penalties, fees, expenses (including fees and expenses of attorneys and
consultants) or costs, whether contingent or otherwise, including those arising from or
relating to (a) any action to address the on- or off-site presence, release of, or
exposure to, Hazardous Materials, (b) permitting and licensing, governmental
administrative oversight and financial assurance requirements, (c) any personal
injury (including death), any property damage (real or personal) or natural resource
damage and (d) the violation of any Environmental Law. 



        “Equity
Interests” shall mean shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or other equity
interests in any person, or any obligations convertible into or exchangeable for, or
giving any person a right, option or warrant to acquire such equity interests or such
convertible or exchangeable obligations; provided that the Subordinated Notes are
deemed not to constitute Equity Interests of the Borrower. 



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



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



        “ERISA
Event” shall mean (a) any “reportable event”, as defined in
Section 4043 of ERISA or the regulations issued thereunder, with respect to a Plan
(other than an event for which the 30-day notice period is waived), (b) prior to the
effectiveness of the applicable provisions of the Pension Act, the existence with respect
to any Plan of an “accumulated funding deficiency” (as defined in
Section 412 of the Code or Section 302 of ERISA) or, on and after the
effectiveness of the applicable provisions of the Pension Act, any failure by any Plan to
satisfy the minimum funding standard (within the meaning of Section 412 of the Code or
Section 302 of ERISA) applicable to such Plan, in each case whether or not waived,
(c) the filing pursuant to, prior to the effectiveness of the applicable provisions
of the Pension Act, Section 412(d) of the Code or Section 303(d) of ERISA or, on
and after the effectiveness of the applicable provisions of the Pension Act, Section
412(c) of the Code or Section 302(c) of ERISA, of an application for a waiver of the
minimum funding standard with respect to any Plan, (d) on and after the effectiveness of
the applicable provisions of the Pension Act, a determination that any Plan is, or is
expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or
Section 430(i)(4) of the Code), (e) the incurrence by the Borrower or any of its
ERISA Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan or the withdrawal or partial withdrawal of the Borrower or any of
its ERISA Affiliates from any Plan or Multiemployer Plan, (f) the receipt by the
Borrower or any of its ERISA Affiliates from the PBGC or a plan administrator of any
notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to
administer any Plan, (g) prior to the effectiveness of the applicable provisions of the
Pension Act, the adoption of any amendment to a Plan that would require the provision of
security pursuant to Section 401(a)(29) of the Code or Section 307 of ERISA, (h) the
receipt by the Borrower or any of its ERISA Affiliates of any notice, or the receipt by
any Multiemployer Plan from the Borrower or any of its ERISA Affiliates of any notice,
concerning the imposition of Withdrawal Liability or a determination that a Multiemployer
Plan is, or is expected to be, insolvent or in reorganization, within the meaning of
Title IV of ERISA or, on and after the effectiveness of the applicable provisions of
the Pension Act, in endangered or critical status, within the meaning of Section 305 of
ERISA; or (i) the occurrence of a “prohibited transaction” with respect to
which the Borrower or any of the Subsidiaries is a “disqualified person” (within
the meaning of Section 4975 of the Code) or with respect to which the Borrower or any such
Subsidiary could otherwise be liable. 



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



        “Event
of Default” shall have the meaning assigned to such term in Article VII. 



        “Excluded
Taxes” shall mean, with respect to the Administrative Agent, any Lender, the
Issuing Bank or any other recipient of any payment to be made by or on account of any
obligation of the Borrower hereunder, (a) income, franchise or similar taxes imposed on
(or measured by) its net income by the United States of America, the jurisdiction under
the laws of which such recipient is organized or in which its principal office is located
(or, in the case of any Lender, in which its applicable lending office is located), or, in
the case of a jurisdiction that imposes taxes on the basis of management or control or
other concept or principle of residence, the jurisdiction in which such recipient is so
resident, (b) Taxes imposed by reason of any present or former connection between such
person and the jurisdiction imposing such Taxes, other than solely as a result of the
execution and delivery of this Agreement, the making of any Loans hereunder or the
performance of any action provided for hereunder, (c) any branch profits taxes imposed by
the United States of America or any similar tax imposed by any other jurisdiction in which
the Borrower is located and (d) in the case of a Foreign Lender (other than as an assignee
pursuant to a request by the Borrower under Section 2.21(a)), any withholding tax that (i)
is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender
becomes a party to this Agreement (or designates a new lending office), except to the
extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional amounts from
the Borrower with respect to such withholding tax pursuant to Section 2.20(a) or (ii) is
attributable to such Foreign Lender’s failure to comply with Section 2.20(e). 



        “Existing
Credit Agreement” shall mean the Credit Agreement dated as of January 13, 2005,
as amended, among the Borrower, the lenders from time to time party thereto, and Credit
Suisse (formerly known as Credit Suisse First Boston), as administrative agent. 



        “Existing
Letter of Credit” shall mean each letter of credit previously issued for the
account of the Borrower that (a) is outstanding on the Closing Date and (b) is listed on
Schedule 1.01(a). 



        “Facility
Fee” shall have the meaning assigned to such term in Section 2.06(a). 



        “Federal
Funds Effective Rate” shall mean, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers,
as published on the next succeeding Business Day by the Federal Reserve Bank of
New York, or, if such rate is not so published for any day that is a Business Day,
the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for
the day for such transactions received by the Administrative Agent from three Federal
funds brokers of recognized standing selected by it. 



        “Fee
Letter” shall mean the Fee Letter dated September 26, 2007, between the Borrower
and the Administrative Agent, as amended, supplemented or otherwise modified from time to
time. 



        “Fees”
shall mean the Facility Fees, the Administrative Agent Fees, the L/C Participation Fees
and the Issuing Bank Fees. 



        “Financial
Officer” of any person shall mean the chief financial officer, principal
accounting officer, Treasurer or Controller of such person. 



        “Fixed
Rate Borrowing” shall mean a Borrowing comprised of Fixed Rate Loans. 



        “Fixed Rate
Loan” shall mean any Competitive Loan bearing interest at a fixed percentage rate
per annum (expressed in the form of a decimal to no more than four decimal places)
specified by the Lender making such Loan in its Competitive Bid. 



        “Foreign
Lender” shall mean any Lender that is organized under the laws of a jurisdiction
other than that in which the Borrower is located. For purposes of this definition, the
United States of America, each State thereof and the District of Columbia shall be deemed
to constitute a single jurisdiction. 



        “GAAP”
shall mean generally accepted accounting principles applied on a consistent basis. 



        “Governmental
Authority” shall mean any Federal, state, local or foreign court or governmental
agency, authority, instrumentality or regulatory body. 



        “Granting
Lender” shall have the meaning assigned to such term in Section 9.04(i). 



        “Guarantee”
of or by any person (the “guarantor”) shall mean any obligation,
contingent or otherwise, of such person guaranteeing or having the economic effect of
guaranteeing any Indebtedness of any other person (the “primary obligor”)
in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for
the purchase or payment of) such Indebtedness or to purchase (or to advance or supply
funds for the purchase of) any security for the payment of such Indebtedness, (b) to
purchase or lease property, securities or services for the purpose of assuring the owner
of such Indebtedness of the payment of such Indebtedness or other obligation, (c) to
maintain working capital, equity capital or any other financial statement condition or
liquidity of the primary obligor so as to enable the primary obligor to pay such
Indebtedness or (d) as an account party in respect of any letter of credit or letter
of guaranty issued to support such Indebtedness; provided, however, that the
term “Guarantee” shall not include endorsements for collection or deposit in the
ordinary course of business. 



        “Hazardous
Materials” shall mean (a) petroleum products and byproducts, asbestos, urea
formaldehyde foam insulation, polychlorinated biphenyls, radon gas, chlorofluorocarbons
and all other ozone-depleting substances and (b) any chemical, material, substance,
waste, pollutant or contaminant that is prohibited, limited or regulated by or pursuant to
any Environmental Law. 



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



        “Incremental
Commitment” shall mean the Revolving Credit Commitment of any Lender established
pursuant to Section 2.23. 



        “Incremental
Commitment Assumption Agreement” shall mean an Incremental Commitment Assumption
Agreement in form and substance reasonably satisfactory to the Administrative Agent, among
the Borrower, the Administrative Agent, and one or more Incremental Lenders and, if
applicable, the Issuing Bank. 



        “Incremental
Commitment Amount” shall mean, at any time, the excess, if any, of $150,000,000
over the aggregate amount of all Incremental Commitments established prior to such time
pursuant to Section 2.23. 



        “Incremental
Lender” shall mean a Lender with an Incremental Commitment. 



        “Indebtedness”
of any person shall mean, without duplication, (a) all obligations of such person for
borrowed money, (b) all obligations of such person evidenced by bonds, debentures,
notes or similar instruments, (c) all obligations of such person under conditional
sale or other title retention agreements relating to property or assets purchased by such
person, (d) all obligations of such person issued or assumed as the deferred purchase
price of property or services (excluding trade accounts payable and accrued obligations
incurred in the ordinary course of business), (e) all Indebtedness of others secured
by (or for which the holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any Lien on property owned or acquired by such person,
whether or not the obligations secured thereby have been assumed, (f) all Guarantees
by such person of Indebtedness of others, (g) all Capital Lease Obligations of such
person, (h) all obligations, contingent or otherwise, of such person as an account
party in respect of letters of credit and letters of guaranty, (i) all obligations,
contingent or otherwise, of such person in respect of bankers’ acceptances and (j)
all obligations of such person to make contingent cash payments in respect of any
acquisition, to the extent such obligations are or are required to be shown as liabilities
on the balance sheet of such person in accordance with GAAP. The Indebtedness of any
person shall include the Indebtedness of any other entity (including any partnership in
which such person is a general partner) to the extent such person is liable therefor as a
result of such person’s ownership interest in or other relationship with such entity,
except to the extent the terms of such Indebtedness provide that such person is not liable
therefor. 



        “Indemnified
Taxes” shall mean Taxes other than Excluded Taxes. 



        “Index
Debt” shall mean the senior, unsecured, non-credit enhanced, long-term
indebtedness for borrowed money of the Borrower. 



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



        “Interest
Payment Date” shall mean (a) with respect to any ABR Loan, the last Business
Day of each March, June, September and December and (b) with respect to any Eurodollar
Loan or Fixed Rate Borrowing, the last day of the Interest Period applicable to the
Borrowing of which such Loan is a part or such Fixed Rate Borrowing, as the case may be,
and, in the case of a Eurodollar Borrowing with an Interest Period of more than three
months’ duration or a Fixed Rate Borrowing with an Interest Period of more than 90
days’ duration, each day that would have been an Interest Payment Date had successive
Interest Periods of three months’ or 90 days’ duration, respectively, been
applicable to such Borrowing. 



        “Interest
Period” shall mean, (a) with respect to any Eurodollar Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day
(or, if there is no numerically corresponding day, on the last day) in the calendar month
that is 1, 2, 3 or 6 months thereafter, as the Borrower may elect, and
(b) with respect to any Fixed Rate Borrowing, the period commencing on the date of
such Borrowing and ending on the date specified in the Competitive Bids in which the
offers to make the Fixed Rate Loans comprising such Borrowing were extended, which shall
not be earlier than 30 days after the date of such Borrowing or later than 360 days after
the date of such Borrowing; provided, however, that if any Interest Period
would end on a day other than a Business Day, such Interest Period shall be extended to
the next succeeding Business Day unless, in the case of a Eurodollar Borrowing only, such
next succeeding Business Day would fall in the next calendar month, in which case such
Interest Period shall end on the next preceding Business Day. Interest shall accrue from
and including the first day of an Interest Period to but excluding the last day of such
Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date
on which such Borrowing is made and thereafter shall be the effective date of the most
recent conversion or continuation of such Borrowing. 



        “Issuing
Bank” shall mean, as the context may require, (a) Credit Suisse, in its capacity
as the issuer of Letters of Credit hereunder, (b) with respect to each Existing Letter of
Credit, the Lender that issued such Existing Letter of Credit, and (c) any other Lender
that may become an Issuing Bank pursuant to Section 2.22(i) or 2.22(k), with respect
to Letters of Credit issued by such Lender. The Issuing Bank may, in its discretion,
arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank,
in which case the term “Issuing Bank” shall include any such Affiliate with
respect to Letters of Credit issued by such Affiliate. 



        “Issuing
Bank Fees” shall have the meaning assigned to such term in Section 2.06(c). 



        “L/C
Commitment” shall mean the commitment of the Issuing Bank to issue Letters of
Credit pursuant to Section 2.22. The aggregate amount of the L/C Commitment on the
Closing Date is $125,000,000. The L/C Commitment may be increased from time to time
pursuant to Section 2.23(a). 



        “L/C
Disbursement” shall mean a payment or disbursement made by the Issuing Bank
pursuant to a Letter of Credit. 



        “L/C
Exposure” shall mean at any time the sum of (a) the aggregate undrawn amount of
all outstanding Letters of Credit at such time and (b) the aggregate principal amount
of all L/C Disbursements that have not yet been reimbursed at such time. The L/C Exposure
of any Lender at any time shall equal its Pro Rata Percentage of the aggregate L/C
Exposure at such time. 



        “L/C
Participation Fee” shall have the meaning assigned to such term in
Section 2.06(c). 



        “Lenders”
shall mean (a) the persons listed on Schedule 2.01 and (b) any person that has become
a party hereto pursuant to an Assignment and Acceptance or an Incremental Commitment
Assumption Agreement (in each case, other than any such person that has ceased to be a
party hereto pursuant to an Assignment and Acceptance). 



        “Letter
of Credit” shall mean any letter of credit issued pursuant to Section 2.22
and any Existing Letter of Credit. 



        “Leverage
Ratio” shall mean, on any date, the ratio of Total Debt on such date to
Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended
on or prior to such date. Solely for purposes of this definition, if at the time of any
determination of the Leverage Ratio an Acquisition shall have been completed during the
relevant period, the Consolidated EBITDA for such period shall be reformulated on a pro
forma basis to give effect to such Acquisition as if it had occurred on the first day of
such period. For purposes of the foregoing, all pro forma adjustments shall be (a) only
those required or permitted by Regulation S-X of the Securities Act of 1933 or otherwise
based on reasonably detailed written assumptions reasonably acceptable to the
Administrative Agent and (b) certified by a Financial Officer of the Borrower as having
been prepared in good faith based upon reasonable assumptions. 



        “LIBO
Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest
Period, the rate per annum determined by the Administrative Agent at approximately 11:00
a.m., London time, on the date that is two Business Days prior to the commencement of such
Interest Period by reference to the British Bankers’ Association Interest Settlement
Rates for deposits in dollars (as set forth by the Bloomberg Information Service or any
successor thereto or any other service selected by the Administrative Agent which has been
nominated by the British Bankers’ Association as an authorized information vendor for
the purpose of displaying such rates) for a period equal to such Interest Period;
provided that, to the extent that an interest rate is not ascertainable pursuant to
the foregoing provisions of this definition, the “LIBO Rate” shall be the
interest rate per annum determined by the Administrative Agent to be the average of the
rates per annum at which dollar deposits of $10,000,000 are offered for such relevant
Interest Period to major banks in the London interbank market in London, England by the
Administrative Agent at approximately 11:00 a.m. (London time) on the date that is
two Business Days prior to the beginning of such Interest Period. 



        “Lien”
shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge,
encumbrance, charge or security interest in or on such asset or (b) the interest of a
vendor or a lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect as any of
the foregoing) relating to such asset. 



        “Loans”
shall mean the Revolving Loans, the Term Loans and the Competitive Loans. 



        “Margin”
shall mean, as to any Eurodollar Competitive Loan, the margin (expressed as a percentage
rate per annum in the form of a decimal to no more than four decimal places) to be added
to or subtracted from the LIBO Rate in order to determine the interest rate applicable to
such Loan, as specified in the Competitive Bid relating to such Loan. 



        “Margin
Stock” shall have the meaning assigned to such term in Regulation U. 



        “Material
Adverse Effect” shall mean a materially adverse effect on the financial
condition, results of operations or business of the Borrower and the Subsidiaries, taken
as a whole. 



        “Material
Indebtedness” shall mean Indebtedness (other than the Loans and Letters of
Credit), or obligations in respect of one or more Hedging Agreements, of any one or more
of the Borrower and the Subsidiaries in an aggregate principal amount exceeding
$50,000,000. For purposes of determining Material Indebtedness, the “principal
amount” of the obligations of the Borrower or any Subsidiary in respect of any
Hedging Agreement at any time shall be the maximum aggregate amount (giving effect to any
netting agreements) that the Borrower or such Subsidiary would be required to pay if such
Hedging Agreement were terminated at such time. 



        “Material
Subsidiary” shall mean at any time any Subsidiary, except Subsidiaries which, if
aggregated and considered as a single Subsidiary, would not meet the definition of a
“significant subsidiary” contained as of the date hereof in Regulation S-X of
the Securities and Exchange Commission. 




      “Maturity
Date” shall mean October 26, 2012 



        “Moody’s”
shall mean Moody’s Investors Service, Inc. 



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



        “Other
Taxes” shall mean any and all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any payment made
under this Agreement or from the execution, delivery or enforcement of, or otherwise with
respect to, this Agreement. 



        “PBGC”
shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA. 



        “Pension
Act” shall mean the Pension Protection Act of 2006, as amended from time to time. 




      “Permitted
Investments” shall mean: 



     (a)    
          direct obligations of, or obligations the principal of and interest on which are
          unconditionally guaranteed by, the United States of America (or by any agency
          thereof to the extent such obligations are backed by the full faith and credit
          of the United States of America), in each case maturing within one year from the
          date of acquisition thereof; 



     (b)    
          investments in foreign and domestic commercial paper maturing within 270 days
          from the date of acquisition thereof and having, at such date of acquisition,
          the highest credit rating obtainable from S&P or from Moody’s; 



     (c)    
          investments in certificates of deposit, banker’s acceptances and time
          deposits maturing within one year from the date of acquisition thereof issued or
          guaranteed by or placed with, and money market deposit accounts issued or
          offered by, the Administrative Agent or any domestic office of any commercial
          bank organized under the laws of the United States of America or any State
          thereof that has a combined capital and surplus and undivided profits of not
          less than $500,000,000; 



     (d)    
          fully collateralized repurchase agreements with a term of not more than 30 days
          for securities described in clause (a) above and entered into with a financial
          institution satisfying the criteria of clause (c) above; 



     (e)    
          investments in “money market funds” within the meaning of Rule 2a-7 of
          the Investment Company Act of 1940, as amended, substantially all of whose
          assets are invested in investments of the type described in clauses (a) through
          (d) above; 



     (f)    
          investments in so-called market auction securities rated Aa2 or higher by
          Moody’s or AA or higher by S&P and which have a reset date not more
          than 365 days from the date of acquisition thereof; and 



     (g)    
          investments in readily-marketable obligations of Indebtedness of any State of
          the United States or any municipality organized under the laws of any State of
          the United States or any political subdivision thereof which, at the time of
          acquisition, are accorded either of the two highest ratings by S&P,
          Moody’s or another nationally recognized credit rating agency of similar
          standard, in any such case maturing no later than one year after the date of
          acquisition thereof. 



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



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



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



        “Pro
Rata Percentage” of any Revolving Credit Lender at any time shall mean the
percentage of the Total Revolving Credit Commitment represented by such Lender’s
Revolving Credit Commitment. In the event the Revolving Credit Commitments shall have
expired or been terminated, the Pro Rata Percentages shall be determined on the basis of
the Revolving Credit Commitments most recently in effect, giving effect to any subsequent
assignments. 



        “Register”
shall have the meaning assigned to such term in Section 9.04(d). 



        “Regulation
T” shall mean Regulation T of the Board as from time to time in effect and
all official rulings and interpretations thereunder or thereof. 



        “Regulation
U” shall mean Regulation U of the Board as from time to time in effect and
all official rulings and interpretations thereunder or thereof. 



        “Regulation X”
shall mean Regulation X of the Board as from time to time in effect and all official
rulings and interpretations thereunder or thereof. 



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



        “Repayment
Date” shall have the meaning assigned to such term in Section 2.12. 



        “Required
Lenders” shall mean, at any time, Lenders having Revolving Credit Commitments
(or, if the Revolving Credit Commitments have terminated, Revolving Credit Exposure and
Competitive Loans) and Term Loans representing at least a majority of the sum of the Total
Revolving Credit Commitment (or if the Revolving Credit Commitments have terminated, the
aggregate amount of Revolving Credit Exposure and Competitive Loans outstanding) and the
aggregate amount of the Term Loans outstanding at such time or, for purposes of
acceleration pursuant to clause (ii) of the last paragraph of Article VII, Lenders having
Loans, L/C Exposures and unused Revolving Credit Commitments representing at least a
majority of the sum of all Loans outstanding, L/C Exposure and unused Revolving Credit
Commitments. 



        “Restricted
Payment” shall mean (a) any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in the Borrower or any
Subsidiary, or (b) any payment (whether in cash, securities or other property),
including any sinking fund or similar deposit, other than a payment to the extent
consisting of Equity Interests of equal or junior ranking, on account of the purchase,
redemption, retirement, acquisition, cancelation or termination of any Equity Interests in
the Borrower or any Subsidiary. It is understood that the withholding of shares, and the
payment of cash to the Internal Revenue Service in an amount not to exceed the value of
the withheld shares, by the Borrower in connection with any of its stock incentive plans
shall not constitute Restricted Payments. 



        “Revolving
Credit Borrowing” shall mean a Borrowing comprised of Revolving Loans. 



        “Revolving Credit
Commitment” shall mean, with respect to each Lender, the commitment of such
Lender to make Revolving Loans hereunder (and to acquire participations in Letters of
Credit as provided for herein) as set forth on Schedule 2.01, or in the Assignment
and Acceptance pursuant to which such Lender assumed its Revolving Credit Commitment, as
applicable, as the same may be (a) reduced from time to time pursuant to
Section 2.10, (b) increased from time to time pursuant to Section 2.23 and (c)
reduced or increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 9.04. 



        “Revolving
Credit Exposure” shall mean, with respect to any Lender at any time, the
aggregate principal amount at such time of all outstanding Revolving Loans of such Lender,
plus the aggregate amount at such time of such Lender’s L/C Exposure. 



        “Revolving
Credit Lender” shall mean a Lender with a Revolving Credit Commitment or
outstanding Revolving Credit Exposure. 



        “Revolving
Loans” shall mean the revolving loans made by the Lenders to the Borrower
pursuant to clause (b) of Section 2.01. Each Revolving Loan shall be a Eurodollar
Revolving Loan or an ABR Revolving Loan. 



        “S&P”
shall mean Standard & Poor’s Ratings Service. 



        “SPC”
shall have the meaning assigned to such term in Section 9.04(i). 



        “Subordinated
Notes” shall mean the Borrower’s zero coupon subordinated Liquid Yield
Option Notes due 2021 (LYONS) and Zero Coupon Convertible Subordinated Notes due 2021, in
an aggregate principal amount at maturity of $741,348,000, and any other Indebtedness
subordinated to the Loans that refinances all or any portion of such notes or for which
all or any portion of such notes are exchanged. 



        “Subordinated
Note Documents” shall mean the indenture under which the Subordinated Notes were
issued and all other instruments, agreements and other documents evidencing or governing
the Subordinated Notes or providing for any Guarantee or other right in respect thereof. 



        “subsidiary”
shall mean, with respect to any person (herein referred to as the
“parent”), any corporation, partnership, association or other business
entity (a) of which securities or other ownership interests representing more than
50% of the equity or more than 50% of the ordinary voting power or more than 50% of the
general partnership interests are, at the time any determination is being made, owned,
controlled or held, or (b) that is, at the time any determination is made, otherwise
Controlled, by the parent or one or more subsidiaries of the parent or by the parent and
one or more subsidiaries of the parent. 



        “Subsidiary”
shall mean any subsidiary of the Borrower. 



        “Synthetic
Purchase Agreement” shall mean any swap, derivative or other agreement or
combination of agreements pursuant to which the Borrower or any Subsidiary is or may
become obligated to make (a) any payment in connection with a purchase by any third party
from a person other than the Borrower or any Subsidiary of any Equity Interest or (b) any
payment (other than on account of a permitted purchase by it of any Equity Interest) the
amount of which is determined by reference to the price or value at any time of any Equity
Interest; provided that no phantom stock or similar plan providing for payments
only to current or former directors, officers or employees of the Borrower or the
Subsidiaries (or to their heirs or estates) shall be deemed to be a Synthetic Purchase
Agreement. 



        “Taxes”
shall mean any and all present or future taxes, levies, imposts, duties, deductions,
charges, liabilities or withholdings imposed by any Governmental Authority. 



        “Term
Borrowing” shall mean a Borrowing comprised of Term Loans. 



        “Term Lender”
shall mean a Lender with a Term Loan Commitment or an outstanding Term Loan. 



        “Term
Loan Commitment” shall mean, with respect to each Lender, the commitment of such
Lender to make Term Loans hereunder as set forth on Schedule 2.01, or in the
Assignment and Acceptance pursuant to which such Lender assumed its Term Loan Commitment,
as applicable, as the same may be (a) reduced from time to time pursuant to
Section 2.10 and (b) reduced or increased from time to time pursuant to assignments
by or to such Lender pursuant to Section 9.04. 



        “Term
Loans” shall mean the term loans made by the Lenders to the Borrower pursuant to
clause (a) of Section 2.01. 



        “Total
Debt” shall mean, at any time, the total Indebtedness of the Borrower and the
Subsidiaries at such time (excluding Indebtedness of the type described in clause (h)
of the definition of such term, except to the extent of any unreimbursed drawings
thereunder). 



        “Total
Revolving Credit Commitment” shall mean, at any time, the aggregate amount of the
Revolving Credit Commitments, as in effect at such time. The Total Revolving Credit
Commitment on the Closing Date is $500,000,000. 



        “Transactions”
shall have the meaning assigned to such term in Section 3.02. 



        “Type”,
when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to
which interest on such Loan or on the Loans comprising such Borrowing is determined. For
purposes hereof, the term “Rate” shall include the LIBO Rate and the
Alternate Base Rate. 



        “USA
PATRIOT Act” shall mean The Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001
(Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)). 



        “wholly
owned Subsidiary” of any person shall mean a subsidiary of such person of which
securities (except for directors’ qualifying shares) or other ownership interests
representing 100% of the Equity Interests are, at the time any determination is being
made, owned, Controlled or held by such person or one or more wholly owned Subsidiaries of
such person or by such person and one or more wholly owned Subsidiaries of such person. 



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



SECTION 1.02. Terms Generally.
The definitions in Section 1.01 shall apply equally to both the singular and plural
forms of the terms defined. Whenever the context may require, any pronoun shall include
the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the
phrase “without limitation”. The word “will” shall be construed to
have the same meaning and effect as the word “shall”; and the words
“asset” and “property” shall be construed as having the same meaning
and effect and to refer to any and all tangible and intangible assets and properties,
including cash, securities, accounts and contract rights. All references herein to
Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and
Sections of, and Exhibits and Schedules to, this Agreement unless the context shall
otherwise require. Except as otherwise expressly provided herein, all terms of an
accounting or financial nature shall be construed in accordance with GAAP, as in effect
from time to time; provided, however, that if the Borrower notifies the
Administrative Agent that the Borrower wishes to amend any covenant in Article VI or
any related definition to eliminate the effect of any change in GAAP occurring after the
date of this Agreement on the operation of such covenant (or if the Administrative Agent
notifies the Borrower that the Required Lenders wish to amend Article VI or any
related definition for such purpose), then the Borrower’s compliance with such
covenant shall be determined on the basis of GAAP in effect immediately before the
relevant change in GAAP became effective, until either such notice is withdrawn or such
covenant is amended in a manner satisfactory to the Borrower and the Required Lenders. 



SECTION 1.03. Classification of
Loans and Borrowings. For purposes of this Agreement, Loans may be classified and
referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g.,
a “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar
Revolving Loan”). Borrowings also may be classified and referred to by Class
(e.g., a “Revolving Credit Borrowing”) or by Type (e.g., a
“Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar
Revolving Credit Borrowing”). 




ARTICLE II 




The Credits 



SECTION 2.01. Commitments.
Subject to the terms and conditions and relying upon the representations and warranties
herein set forth, each Lender agrees, severally and not jointly, (a) to make a Term
Loan to the Borrower on the Closing Date in a principal amount not to exceed its Term
Loan Commitment, and (b) to make Revolving Loans to the Borrower, at any time and from
time to time on or after the date hereof, and until the earlier of the Maturity Date
and the termination of the Revolving Credit Commitment of such Lender in accordance with
the terms hereof, in an aggregate principal amount at any time outstanding that will not
result in such Lender’s Revolving Credit Exposure exceeding such Lender’s
Revolving Credit Commitment minus the amount by which the outstanding Competitive
Borrowings shall be deemed to have utilized such Revolving Credit Commitment in accordance
with Section 2.17. Within the limits set forth in clause (b) of the preceding
sentence and subject to the terms, conditions and limitations set forth herein, the
Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid
in respect of Term Loans may not be reborrowed. 



SECTION 2.02. Loans. (a) Each
Loan (other than Competitive Loans) shall be made as part of a Borrowing consisting of
Loans made by the Lenders ratably in accordance with their respective applicable
Commitments; provided, however, that the failure of any Lender to make any
Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it
being understood, however, that no Lender shall be responsible for the failure of any
other Lender to make any Loan required to be made by such other Lender). Each Competitive
Loan shall be made in accordance with the procedures set forth in Section 2.03.
Except for Loans deemed made pursuant to Section 2.02(f), the Loans comprising any
Borrowing shall be in an aggregate principal amount that is (i) an integral multiple of
$1,000,000 and not less than $10,000,000 or (ii) equal to the remaining available balance
of the applicable Commitments. 



     (b)    
          Subject to Sections 2.09 and 2.15, each Competitive Borrowing shall be
          comprised entirely of Eurodollar Competitive Loans or Fixed Rate Loans, and each
          other Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as
          the Borrower may request pursuant to Section 2.03 or 2.04, as applicable.
          Each Lender may at its option make any Eurodollar Loan by causing any domestic
          or foreign branch or Affiliate of such Lender to make such Loan; provided
          that any exercise of such option shall not affect the obligation of the Borrower
          to repay such Loan in accordance with the terms of this Agreement. Borrowings of
          more than one Type may be outstanding at the same time; provided,
          however, that the Borrower shall not be entitled to request any Borrowing
          that, if made, would result in more than 15 Eurodollar Borrowings
          outstanding hereunder at any time. For purposes of the foregoing, Borrowings
          having different Interest Periods, regardless of whether they commence on the
          same date, shall be considered separate Borrowings. 



     (c)    
          Except with respect to Loans made pursuant to Section 2.02(f), each Lender
          shall make each Loan to be made by it hereunder on the proposed date thereof by
          wire transfer of immediately available funds to such account in New York City as
          the Administrative Agent may designate not later than 1:00 p.m., New York
          City time, and the Administrative Agent shall promptly credit the amounts so
          received to an account in the name of the Borrower and designated by the
          Borrower in the applicable Borrowing Request or Competitive Bid Request or, if a
          Borrowing shall not occur on such date because any condition precedent herein
          specified shall not have been met, return the amounts so received to the
          respective Lenders. 



     (d)    
          Unless the Administrative Agent shall have received notice from a Lender prior
          to the date of any Borrowing that such Lender will not make available to the
          Administrative Agent such Lender’s portion of such Borrowing, the
          Administrative Agent may assume that such Lender has made such portion available
          to the Administrative Agent on the date of such Borrowing in accordance with
          paragraph (c) above and the Administrative Agent may, in reliance upon such
          assumption, make available to the Borrower on such date a corresponding amount.
          If the Administrative Agent shall have so made funds available then, to the
          extent that such Lender shall not have made such portion available to the
          Administrative Agent, such Lender and the 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 the Borrower until the date such amount is repaid to the Administrative Agent
          at (i) in the case of the Borrower, the interest rate applicable at the
          time to the Loans comprising such Borrowing and (ii) in the case of such
          Lender, a rate determined by the Administrative Agent to represent its cost of
          overnight or short-term funds (which determination shall be conclusive absent
          manifest error). If such Lender shall repay to the Administrative Agent such
          corresponding amount, such amount shall constitute such Lender’s Loan as
          part of such Borrowing for purposes of this Agreement. 



     (e)    
          Notwithstanding any other provision of this Agreement, the Borrower shall not be
          entitled to request any Borrowing if the Interest Period requested with respect
          thereto would end after the Maturity Date. 



     (f)    
          If the Issuing Bank shall not have received from the Borrower the payment
          required to be made by Section 2.22(e) within the time specified in such
          Section, the Issuing Bank will promptly notify the Administrative Agent of the
          L/C Disbursement and the Administrative Agent will promptly notify each
          Revolving Credit Lender of such L/C Disbursement and its Pro Rata Percentage
          thereof. Each Revolving Credit Lender shall pay by wire transfer of immediately
          available funds to the Administrative Agent not later than 2:00 p.m., New York
          City time, on such date (or, if such Revolving Credit Lender shall have received
          such notice later than 12:00 (noon), New York City time, on any day, not later
          than 10:00 a.m., New York City time, on the immediately following Business Day),
          an amount equal to such Lender’s Pro Rata Percentage of such L/C
          Disbursement (it being understood that such amount shall be deemed to constitute
          an ABR Revolving Loan of such Lender and such payment shall be deemed to have
          reduced the L/C Exposure), and the Administrative Agent will promptly pay to the
          Issuing Bank amounts so received by it from the Revolving Credit Lenders. The
          Administrative Agent will promptly pay to the Issuing Bank any amounts received
          by it from the Borrower pursuant to Section 2.22(e) prior to the time that
          any Revolving Credit Lender makes any payment pursuant to this paragraph (f);
          any such amounts received by the Administrative Agent thereafter will be
          promptly remitted by the Administrative Agent to the Revolving Credit Lenders
          that shall have made such payments and to the Issuing Bank, as their interests
          may appear. If any Revolving Credit Lender shall not have made its Pro Rata
          Percentage of such L/C Disbursement available to the Administrative Agent as
          provided above, such Lender and the Borrower severally agree to pay interest on
          such amount, for each day from and including the date such amount is required to
          be paid in accordance with this paragraph to but excluding the date such amount
          is paid, to the Administrative Agent for the account of the Issuing Bank at (i)
          in the case of the Borrower, a rate per annum equal to the interest rate
          applicable to Revolving Loans pursuant to Section 2.07(a), and (ii) in the
          case of such Lender, for the first such day, the Federal Funds Effective Rate,
          and for each day thereafter, the Alternate Base Rate. 



SECTION 2.03. Competitive Bid
Procedure. (a) In order to request Competitive Bids, the Borrower shall notify the
Administrative Agent of such request by telephone (i) in the case of a Eurodollar
Competitive Borrowing, not later than 11:00 a.m., New York City time, four Business
Days before the proposed date of such Borrowing and (ii) in the case of a Fixed Rate
Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the
proposed date of such Borrowing. Provided that no two Competitive Bid Requests submitted
on the same day shall be identical, the Borrower may submit up to (but not more than)
three Competitive Bid Requests on the same day, but a Competitive Bid Request shall not be
made within five Business Days after the date of any previous Competitive Bid Request
unless such previous Competitive Bid Request shall have been rejected by the
Administrative Agent, as provided below. No ABR Loan shall be requested in, or made
pursuant to, a Competitive Bid Request. No Term Loans shall be requested in, or made
pursuant to, a Competitive Bid Request. Each such telephonic Competitive Bid Request shall
be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a
written Competitive Bid Request substantially in the form of Exhibit D-1. A Competitive
Bid Request that does not conform substantially to the format of Exhibit D-1 may be
rejected by the Administrative Agent and the Administrative Agent shall notify the
Borrower of such rejection as promptly as practicable. Each Competitive Bid Request shall
refer to this Agreement and specify (i) whether the Borrowing being requested is to
be a Eurodollar Borrowing or a Fixed Rate Borrowing; (ii) the date of such Borrowing
(which shall be a Business Day); (iii) the number and the location of the account to which
funds are to be disbursed (which shall be an account that complies with the requirements
of Section 2.02(c)); (iv) the aggregate principal amount of such Borrowing, which
shall be a minimum of $10,000,000 and an integral multiple of $1,000,000, and in any event
shall not result in the sum of the Aggregate Revolving Credit Exposure and the aggregate
outstanding principal amount of Competitive Loans, after giving effect to such Borrowing,
exceeding the Total Revolving Credit Commitment; and (v) the Interest Period with
respect thereto (which may not end after the Maturity Date). Promptly after its receipt of
a Competitive Bid Request that is not rejected, the Administrative Agent shall invite the
Revolving Credit Lenders in the form set forth as Exhibit D-2 to bid to make
Competitive Loans pursuant to the Competitive Bid Request. 



     (b)    
          Each Revolving Credit Lender may make one or more Competitive Bids to the
          Borrower responsive to a Competitive Bid Request. Each Competitive Bid by a
          Revolving Credit Lender must be received by the Administrative Agent by
          telecopy, (i) in the case of a Eurodollar Competitive Borrowing, not later than
          9:30 a.m., New York City time, three Business Days before the proposed date
          of such Competitive Borrowing, and (ii) in the case of a Fixed Rate
          Borrowing, not later than 9:30 a.m., New York City time, on the proposed
          date of such Competitive Borrowing. Competitive Bids that do not conform
          substantially to the format of Exhibit D-3 may be rejected by the
          Administrative Agent, and the Administrative Agent shall notify the applicable
          Revolving Credit Lender as promptly as practicable. Each Competitive Bid shall
          refer to this Agreement and specify (x) the principal amount (which shall
          be a minimum of $5,000,000 and an integral multiple of $1,000,000 and which may
          equal the entire principal amount of the Competitive Borrowing requested by the
          Borrower) of the Competitive Loan or Loans that the Revolving Credit Lender is
          willing to make, (y) the Competitive Bid Rate or Rates at which the
          Revolving Credit Lender is prepared to make such Loan or Loans and (z) the
          Interest Period applicable to such Loan or Loans and the last day thereof. 



     (c)    
          The Administrative Agent shall promptly notify the Borrower by telecopy of the
          Competitive Bid Rate and the principal amount of each Competitive Loan in
          respect of which a Competitive Bid shall have been made and the identity of the
          Revolving Credit Lender that shall have made each bid. 



     (d)    
          The Borrower may, subject only to the provisions of this paragraph (d),
          accept or reject any Competitive Bid. The Borrower shall notify the
          Administrative Agent by telephone, confirmed by telecopy in the form of a
          Competitive Bid Accept/Reject Letter, whether and to what extent it has decided
          to accept or reject each Competitive Bid, (x) in the case of a Eurodollar
          Competitive Borrowing, not later than 10:30 a.m., New York City time, three
          Business Days before the date of the proposed Competitive Borrowing, and
          (y) in the case of a Fixed Rate Borrowing, not later than 10:30 a.m.,
          New York City time, on the proposed date of the Competitive Borrowing;
          provided, however, that (i) the failure of the Borrower to
          give such notice shall be deemed to be a rejection of each Competitive Bid,
          (ii) the Borrower shall not accept a Competitive Bid made at a particular
          Competitive Bid Rate if the Borrower has decided to reject a Competitive Bid
          made at a lower Competitive Bid Rate, (iii) the aggregate amount of the
          Competitive Bids accepted by the Borrower shall not exceed the principal amount
          specified in the Competitive Bid Request, (iv) if the Borrower shall accept
          a Competitive Bid or Bids made at a particular Competitive Bid Rate but the
          amount of such Competitive Bid or Bids would cause the total amount to be
          accepted by the Borrower to exceed the amount specified in the Competitive Bid
          Request, then the Borrower shall accept a portion of such Competitive Bid or
          Bids in an amount equal to the amount specified in the Competitive Bid Request
          less the amount of all other Competitive Bids so accepted, which acceptance, in
          the case of multiple Competitive Bids at such Competitive Bid Rate, shall be
          made pro rata in accordance with the amount of each such Bid, and
          (v) except pursuant to clause (iv) above, no Competitive Bid shall be
          accepted for a Competitive Loan unless such Competitive Loan is in a minimum
          principal amount of $5,000,000 and an integral multiple of $1,000,000;
          provided further, however, that if a Competitive Loan must be in
          an amount less than $5,000,000 because of the provisions of clause (iv) above,
          such Competitive Loan may be for a minimum of $1,000,000 or any integral
          multiple thereof, and in calculating the pro rata allocation of acceptances of
          portions of multiple Competitive Bids at a particular Competitive Bid Rate
          pursuant to clause (iv) the amounts shall be rounded to integral multiples of
          $1,000,000 in a manner determined by the Borrower. A notice given by the
          Borrower pursuant to this paragraph (d) shall be irrevocable. 



     (e)    
          The Administrative Agent shall promptly notify each bidding Revolving Credit
          Lender by telecopy whether or not its Competitive Bid has been accepted (and, if
          so, in what amount and at what Competitive Bid Rate), and each successful bidder
          will thereupon become bound, upon the terms and subject to the conditions
          hereof, to make the Competitive Loan in respect of which its Competitive Bid has
          been accepted. 



     (f)    
          If the Administrative Agent shall elect to submit a Competitive Bid in its
          capacity as a Revolving Credit Lender, it shall submit such Competitive Bid
          directly to the Borrower at least one quarter of an hour earlier than the time
          by which the other Revolving Credit Lenders are required to submit their
          Competitive Bids to the Administrative Agent pursuant to paragraph (b) above. 



     (g)    
          Within the limits set forth in this Section 2.03 and subject to the terms,
          conditions and limitations set forth herein, the Borrower may borrow, pay and
          reborrow Competitive Loans. 



SECTION 2.04. Borrowing
Procedure. In order to request a Borrowing (other than a Competitive Borrowing or a
deemed Borrowing pursuant to Section 2.02(f), as to which this Section 2.04
shall not apply), the Borrower shall notify the Administrative Agent of such request by
telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m.,
New York City time, three Business Days before a proposed Borrowing, and (b) in
the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the
day of a proposed Borrowing. Each Borrowing Request shall be irrevocable, shall be
confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written
Borrowing Request substantially in the form of Exhibit C or such other form as shall be
acceptable to the Administrative Agent and shall specify the following information:
(i) whether the Borrowing then being requested is to be a Term Borrowing or a
Revolving Credit Borrowing, and whether such Borrowing is to be a Eurodollar Borrowing or
an ABR Borrowing; (ii) the date of such Borrowing (which shall be a Business Day);
(iii) the number and location of the account to which funds are to be disbursed
(which shall be an account that complies with the requirements of Section 2.02(c));
(iv) the amount of such Borrowing; and (v) if such Borrowing is to be a
Eurodollar Borrowing, the Interest Period with respect thereto; provided,
however, that, notwithstanding any contrary specification in any Borrowing Request,
each requested Borrowing shall comply with the requirements set forth in
Section 2.02. If no election as to the Type of Borrowing is specified in any such
notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with
respect to any Eurodollar Borrowing is specified in any such notice, then the Borrower
shall be deemed to have selected an Interest Period of one month’s duration. The
Administrative Agent shall promptly advise the applicable Lenders of any notice given
pursuant to this Section 2.04 (and the contents thereof), and of each Lender’s
portion of the requested Borrowing. 



SECTION 2.05. Evidence of
Debt; Repayment of Loans. (a) The Borrower hereby unconditionally promises
to pay to the Administrative Agent for the account of each Lender (i) the principal amount
of each Term Loan of such Lender as provided in Section 2.12, (ii) the then unpaid
principal amount of each Competitive Loan of such Lender on the last day of the Interest
Period applicable to such Loan and (iii) the then unpaid principal amount of each
Revolving Loan of such Lender on the Maturity Date. 



     (b)    
          Each Lender shall maintain in accordance with its usual practice an account or
          accounts evidencing the indebtedness of the Borrower to such Lender resulting
          from each Loan made by such Lender from time to time, including the amounts of
          principal and interest payable and paid to such Lender from time to time under
          this Agreement. 



     (c)    
          The Administrative Agent shall maintain accounts in which it will record
          (i) the amount of each Loan made hereunder, the Class and Type thereof and,
          if applicable, the Interest Period applicable thereto, (ii) the amount of
          any principal or interest due and payable or to become due and payable from the
          Borrower to each Lender hereunder and (iii) the amount of any sum received
          by the Administrative Agent hereunder from the Borrower and each Lender’s
          share thereof. 



     (d)    
          The entries made in the accounts maintained pursuant to paragraphs (b)
          and (c) above shall be prima facie evidence of the existence and
          amounts of the obligations therein recorded; provided, however,
          that the failure of any Lender or the Administrative Agent to maintain such
          accounts or any error therein shall not in any manner affect the obligations of
          the Borrower to repay the Loans in accordance with their terms. 



     (e)    
          Any Lender may request that Loans made by it hereunder be evidenced by a
          promissory note. In such event, the Borrower shall execute and deliver to such
          Lender a promissory note payable to such Lender and its registered assigns and
          in a form and substance reasonably acceptable to the Administrative Agent and
          the Borrower. Notwithstanding any other provision of this Agreement, in the
          event any Lender shall request and receive such a promissory note, the interests
          represented by such note shall at all times (including after any assignment of
          all or part of such interests pursuant to Section 9.04) be represented by
          one or more promissory notes payable to the payee named therein or its
          registered assigns. 



SECTION 2.06. Fees. (a) The
Borrower agrees to pay to each Revolving Credit Lender, through the Administrative Agent,
on the last Business Day of March, June, September and December in each year, and on the
date on which the Revolving Credit Commitment of such Lender shall expire or be terminated
as provided herein, a facility fee (a “Facility Fee”) equal to the
Applicable Percentage per annum in effect from time to time on the daily amount of the
Revolving Credit Commitment of such Lender (whether used or unused) during the preceding
quarter (or shorter period commencing with the date hereof or ending with the Maturity
Date or the date on which the Revolving Credit Commitment of such Lender shall expire or
be terminated); provided that, if such Lender continues to have any Revolving
Credit Exposure after its Revolving Credit Commitment terminates, then the Facility Fee
shall continue to accrue (and be payable on demand) on the daily amount of such
Lender’s Revolving Credit Exposure from and including the date on which its Revolving
Credit Commitment terminates to and including the date on which such Lender ceases to have
any Revolving Credit Exposure. All Facility Fees shall be computed on the basis of the
actual number of days elapsed (including the first day but excluding the last day) in a
year of 360 days. The Facility Fee due to each Lender shall commence to accrue on the date
of this Agreement and shall cease to accrue on the later of the date on which the
Revolving Credit Commitment of such Lender shall expire or be terminated as provided
herein and such Lender shall have no Revolving Credit Exposure. 



     (b)    
          The Borrower agrees to pay to the Administrative Agent, for its own account, the
          administrative fees separately agreed to in the Fee Letter. 



     (c)    
          The Borrower agrees to pay (i) to each Revolving Credit Lender, through the
          Administrative Agent, on the last Business Day of March, June, September and
          December of each year and on the date on which the Revolving Credit Commitment
          of such Lender shall be terminated as provided herein, a fee (an “L/C
          Participation Fee”) at a rate per annum equal to the Applicable
          Percentage from time to time used to determine the interest rate on Revolving
          Credit Borrowings comprised of Eurodollar Loans pursuant to Section 2.07,
          calculated on such Lender’s Pro Rata Percentage of the daily aggregate L/C
          Exposure (excluding the portion thereof attributable to unreimbursed L/C
          Disbursements) during the preceding quarter (or shorter period commencing with
          the date hereof or ending with the Maturity Date or the date on which the
          Revolving Credit Commitment of such Lender shall expire or be terminated);
          provided that, if such Lender continues to have any L/C Exposure after
          its Revolving Credit Commitment terminates, then the L/C Participation Fee shall
          continue to accrue (and be payable on demand) on such Lender’s Pro Rata
          Percentage of the daily aggregate L/C Exposure from and including the date on
          which its Revolving Credit Commitment terminates to and including the date on
          which such Lender ceases to have any L/C Exposure) and (ii) to the
          Issuing Bank with respect to each Letter of Credit, on the last Business Day of
          March, June, September, and December of each year and on the date on which the
          L/C Commitment of the Issuing Bank shall be terminated as provided herein (or
          later date on which all the Letters of Credit issued by such Issuing Bank shall
          have been terminated or expired), (x) a fronting fee equal to 0.125% per
          annum on the aggregate outstanding face amount of such Letter of Credit and
          (y) the standard issuance and drawing fees specified from time to time by
          the Issuing Bank (the “Issuing Bank Fees”). All L/C
          Participation Fees and Issuing Bank Fees shall be computed on the basis of the
          actual number of days elapsed (including the first day but excluding the last
          day) in a year of 360 days. 



     (d)    
          All Fees shall be paid on the dates due, in immediately available funds, to the
          Administrative Agent for distribution, if and as appropriate, among the Lenders,
          except that the Issuing Bank Fees shall be paid directly to the Issuing Bank.
          Once paid, none of the Fees shall be refundable under any circumstances. 



SECTION 2.07. Interest on
Loans. (a) Subject to the provisions of Section 2.08, the Loans comprising each
ABR Borrowing shall bear interest (computed on the basis of the actual number of days
elapsed (including the first day but excluding the last day) over a year of 365 or
366 days, as the case may be, when the Alternate Base Rate is determined by reference
to the Prime Rate and over a year of 360 days at all other times) at a rate per annum
equal to the Alternate Base Rate in effect from time to time. 



     (b)    
          Subject to the provisions of Section 2.08, the Loans comprising each
          Eurodollar Borrowing shall bear interest (computed on the basis of the actual
          number of days elapsed (including the first day but excluding the last day) over
          a year of 360 days) at a rate per annum equal to (i) in the case of each
          Term Loan and Revolving Loan, the LIBO Rate for the Interest Period in effect
          for such Borrowing plus the Applicable Percentage in effect from time to time,
          and (ii) in the case of each Competitive Loan, the LIBO Rate for the Interest
          Period in effect for such Borrowing plus the Margin offered by the Lender making
          such Loan and accepted by the Borrower pursuant to Section 2.03. 



     (c)    
          Subject to the provisions of Section 2.08, each Fixed Rate Loan shall bear
          interest (computed on the basis of the actual number of days elapsed (including
          the first day but excluding the last day) over a year of 360 days) at a rate per
          annum equal to the fixed rate of interest offered by the Lender making such Loan
          and accepted by the Borrower pursuant to Section 2.03. 



     (d)    
          Interest on each Loan shall be payable on the Interest Payment Dates applicable
          to such Loan except as otherwise provided in this Agreement; provided
          that (i) in the event of any repayment or prepayment of any Loan (other than a
          prepayment of an ABR Loan), accrued interest on the principal amount repaid or
          prepaid shall be payable on the date of such repayment or prepayment and (ii) in
          the event of any conversion of any Eurodollar Loan prior to the end of the
          current Interest Period therefor, accrued interest on such Loan shall be payable
          on the effective date of such conversion. The applicable Alternate Base Rate or
          LIBO Rate for each Interest Period or day within an Interest Period, as the case
          may be, shall be determined by the Administrative Agent, and such determination
          shall be conclusive absent manifest error. 



SECTION 2.08. Default
Interest. If the Borrower shall default in the payment of the principal of or interest
on any Loan or any other amount becoming due hereunder, by acceleration or otherwise, the
Borrower shall on demand from time to time pay interest, to the extent permitted by law,
on such defaulted amount to but excluding the date of actual payment (after as well as
before judgment) (a) in the case of overdue principal, at the rate otherwise
applicable to such Loan pursuant to Section 2.07 plus 2.00% per annum and (b) in all
other cases, at a rate per annum (computed on the basis of the actual number of days
elapsed (including the first day but excluding the last day) over a year of 365 or 366
days, as the case may be, when determined by reference to the Prime Rate and over a year
of 360 days at all other times) equal to the Alternate Base Rate plus 2.00%. 



SECTION 2.09. Alternate Rate of
Interest.  In the event, and on each occasion, that on the day two Business
Days prior to the commencement of any Interest Period for a Eurodollar Borrowing the
Administrative Agent shall have determined that dollar deposits in the principal amounts
of the Loans comprising such Borrowing are not generally available in the London interbank
market, or that reasonable means do not exist for ascertaining the LIBO Rate, or the
Administrative Agent shall have been informed by the Required Lenders (or, in the case of
a Eurodollar Competitive Loan, any Lender required to make such Loan) that the rates at
which such dollar deposits are being offered will not adequately and fairly reflect the
cost to the Required Lenders (or such Lender) of making or maintaining their or its
Eurodollar Loan during such Interest Period, the Administrative Agent shall, as soon as
practicable thereafter, give written or telecopy notice thereof to the Borrower and the
Lenders. In the event of any such notice, until the Administrative Agent shall have
advised the Borrower and the Lenders that the circumstances giving rise to such notice no
longer exist, (a) any request by the Borrower for a Eurodollar Borrowing pursuant to
Section 2.04 or 2.11 shall be deemed to be a request for an ABR Borrowing and
(b) any request by the Borrower for a Eurodollar Competitive Borrowing pursuant to
Section 2.03 shall be of no force and effect and shall be denied by the
Administrative Agent; provided that if the circumstances giving rise to such notice
do not affect all the Lenders, then the Borrower may make requests for Eurodollar
Competitive Borrowings to Lenders that are not affected thereby. Each determination by the
Administrative Agent under this Section 2.09 shall be conclusive absent manifest
error. 



SECTION 2.10. Termination and
Reduction of Commitments. (a) The Term Loan Commitments shall automatically terminate
upon the making of the Term Loans on the Closing Date. The Revolving Credit Commitments
and the L/C Commitment shall automatically terminate on the Maturity Date. 



     (b)    
          Upon at least three Business Days’ prior irrevocable written or telecopy
          notice (or telephone notice promptly confirmed by written or telecopy notice) to
          the Administrative Agent, the Borrower may at any time in whole permanently
          terminate, or from time to time in part permanently reduce, the Term Loan
          Commitments or the Revolving Credit Commitments; provided,
          however, that (i) each partial reduction of the Term Loan Commitments or
          the Revolving Credit Commitments shall be in an integral multiple of $1,000,000
          and in a minimum amount of $10,000,000 and (ii) the Total Revolving Credit
          Commitment shall not be reduced to an amount that is less than the sum of the
          Aggregate Revolving Credit Exposure and the aggregate outstanding principal
          amount of the Competitive Loans at the time. 



     (c)    
          Each reduction in the Term Loan Commitments or the Revolving Credit Commitments
          hereunder shall be made ratably among the Lenders in accordance with their
          respective applicable Commitments. The Borrower shall pay to the Administrative
          Agent for the account of the applicable Lenders, on the date of each termination
          or reduction, the Facility Fees on the amount of the Revolving Credit
          Commitments so terminated or reduced accrued to but excluding the date of such
          termination or reduction. 



SECTION 2.11. Conversion and
Continuation of Borrowings. The Borrower shall have the right at any time upon prior
irrevocable written or telecopy notice (or telephone notice promptly confirmed by written
or telecopy notice) to the Administrative Agent (a) not later than 11:00 a.m.,
New York City time, on the day of conversion, to convert any Eurodollar Borrowing into an
ABR Borrowing, (b) not later than 11:00 a.m., New York City time, three Business Days
prior to conversion or continuation, to convert any ABR Borrowing into a Eurodollar
Borrowing or to continue any Eurodollar Borrowing as a Eurodollar Borrowing for an
additional Interest Period, and (c) not later than 11:00 a.m., New York City
time, three Business Days prior to conversion, to convert the Interest Period with respect
to any Eurodollar Borrowing to another permissible Interest Period, subject in each case
to the following: 



     	(i) 	
          each conversion or continuation shall be made pro rata among the Lenders in
          accordance with the respective principal amounts of the Loans comprising the
          converted or continued Borrowing; 



          



     	(ii) 	
          if less than all the outstanding principal amount of any Borrowing shall be
          converted or continued, then each resulting Borrowing shall satisfy the
          limitations specified in Sections 2.02(a) and 2.02(b) regarding the
          principal amount and maximum number of Borrowings of the relevant Type; 



          



     	(iii) 	
          each conversion shall be effected by each Lender and the Administrative Agent by
          recording for the account of such Lender the new Loan of such Lender resulting
          from such conversion and reducing the Loan (or portion thereof) of such Lender
          being converted by an equivalent principal amount; accrued interest on any
          Eurodollar Loan (or portion thereof) being converted shall be paid by the
          Borrower at the time of conversion; 



          



     	(iv) 	
          if any Eurodollar Borrowing is converted at a time other than the end of the
          Interest Period applicable thereto, the Borrower shall pay, upon demand, any
          amounts due to the Lenders pursuant to Section 2.16; 



          



     	(v) 	
          any portion of a Borrowing maturing or required to be repaid in less than one
          month may not be converted into or continued as a Eurodollar Borrowing; 



          



     	(vi) 	
          any portion of a Eurodollar Borrowing that cannot be converted into or continued
          as a Eurodollar Borrowing by reason of the immediately preceding clause shall be
          automatically converted at the end of the Interest Period in effect for such
          Borrowing into an ABR Borrowing; 



          



     	(vii) 	
          no Interest Period may be selected for any Eurodollar Term Borrowing that would
          end later than a Repayment Date occurring on or after the first day of such
          Interest Period if, after giving effect to such selection, the aggregate
          outstanding amount of (A) the Eurodollar Term Borrowings with Interest
          Periods ending on or prior to such Repayment Date and (B) the ABR Term
          Borrowings would not be at least equal to the principal amount of Term
          Borrowings to be paid on such Repayment Date; and 



          



     	(viii) 	
          upon notice to the Borrower from the Administrative Agent given at the request
          of the Required Lenders, after the occurrence and during the continuance of a
          Default or Event of Default, no outstanding Loan may be converted into, or
          continued as, a Eurodollar Loan and, unless repaid, each Eurodollar Borrowing
          shall be converted into an ABR Borrowing at the end of the Interest Period
          applicable thereto. 



          



        Each
notice pursuant to this Section 2.11 shall refer to this Agreement and specify
(i) the identity and amount of the Borrowing that the Borrower requests be converted
or continued, (ii) whether such Borrowing is to be converted to or continued as a
Eurodollar Borrowing or an ABR Borrowing, (iii) if such notice requests a
conversion, the date of such conversion (which shall be a Business Day) and (iv) if
such Borrowing is to be converted to or continued as a Eurodollar Borrowing, the Interest
Period with respect thereto. If no Interest Period is specified in any such notice with
respect to any conversion to or continuation as a Eurodollar Borrowing, the Borrower shall
be deemed to have selected an Interest Period of one month’s duration. The
Administrative Agent shall advise the Lenders of any notice given pursuant to this
Section 2.11 and of each Lender’s portion of any converted or continued
Borrowing. If the Borrower shall not have given notice in accordance with this
Section 2.11 to continue any Borrowing into a subsequent Interest Period (and shall
not otherwise have given notice in accordance with this Section 2.11 to convert such
Borrowing), such Borrowing shall, at the end of the Interest Period applicable thereto
(unless repaid pursuant to the terms hereof), automatically be continued into an ABR
Borrowing. The Borrower shall not have the right to continue or convert the Interest
Period with respect to any Competitive Borrowing pursuant to this Section 2.11. 



SECTION 2.12. Repayment of Term
Borrowings. (a) The Borrower shall pay to the Administrative Agent, for the account of
the Lenders, on the dates set forth below, or if any such date is not a Business Day, on
the next preceding Business Day (each such date being called a “Repayment
Date”), a principal amount of the Term Loans (as adjusted from time to
time pursuant to Sections 2.12(b) and 2.13) equal to the amount set forth below for
such date, together in each case with accrued and unpaid interest on the principal amount
to be paid to but excluding the date of such payment: 



Repayment Date                                                                    Amount
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

March 31, 2008                                                                $6,250,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

June 30, 2008                                                                 $6,250,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

September 30, 2008                                                            $6,250,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

December 31, 2008                                                             $6,250,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

March 31, 2009                                                               $12,500,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

June 30, 2009                                                                $12,500,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

September 30, 2009                                                           $12,500,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

December 31, 2009                                                            $12,500,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

March 31, 2010                                                               $12,500,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

June 30, 2010                                                                $12,500,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

September 30, 2010                                                           $12,500,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

December 31, 2010                                                            $12,500,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

March 31, 2011                                                               $18,750,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

June 30, 2011                                                                $18,750,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

September 30, 2011                                                           $18,750,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

December 31, 2011                                                            $18,750,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

March 31, 2012                                                               $18,750,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

June 30, 2012                                                                $18,750,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

September 30, 2012                                                           $18,750,000
---------------------------------------------------- ------------------------------------
---------------------------------------------------- ------------------------------------

Maturity Date                                                               $243,750,000
----------------------------------------------------



     (b)    
          In the event and on each occasion that the Term Loan Commitments shall be
          reduced or shall expire or terminate other than as a result of the making of a
          Term Loan, the installments payable on each Repayment Date shall be reduced pro
          rata by an aggregate amount equal to the amount of such reduction, expiration or
          termination. 



     (c)    
          To the extent not previously paid, all Term Loans shall be due and payable on
          the Maturity Date together with accrued and unpaid interest on the principal
          amount to be paid to but excluding the date of payment. 



     (d)    
          All repayments pursuant to this Section 2.12 shall be subject to
          Section 2.16, but shall otherwise be without premium or penalty. 



SECTION 2.13. Optional
Prepayment. (a) The Borrower shall have the right at any time and from time to time
to prepay any Borrowing (other than a Competitive Borrowing), in whole or in part, upon at
least three Business Days’ prior written or telecopy notice (or telephone notice
promptly confirmed by written or telecopy notice) in the case of Eurodollar Loans, or
written or telecopy notice (or telephone notice promptly confirmed by written or telecopy
notice) on the day of prepayment in the case of ABR Loans, to the Administrative Agent
before 11:00 a.m., New York City time; provided, however, that each partial
prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less
than $10,000,000. The Borrower shall not have the right to prepay any Competitive
Borrowing. 



     (b)    
          Optional prepayments of Term Loans shall be applied pro rata against the
          remaining scheduled installments of principal due in respect of the Term Loans
          under Section 2.12. 



     (c)    
          In the event of any termination of all the Revolving Credit Commitments, the
          Borrower shall repay or prepay all its outstanding Revolving Credit Borrowings
          on the date of such termination. If as a result of any partial reduction of the
          Revolving Credit Commitments the sum of the Aggregate Revolving Credit Exposure
          and the aggregate outstanding principal amount of the Competitive Loans at the
          time would exceed the Total Revolving Credit Commitment after giving effect
          thereto, then the Borrower shall, on the date of such reduction, repay or prepay
          Revolving Credit Borrowings in an amount sufficient to eliminate such excess. 



     (d)    
          Each notice of prepayment shall specify the prepayment date and the principal
          amount of each Borrowing (or portion thereof) to be prepaid, shall be
          irrevocable and shall commit the Borrower to prepay such Borrowing by the amount
          stated therein on the date stated therein. All prepayments under this
          Section 2.13 shall be subject to Section 2.16 but otherwise without
          premium or penalty. All prepayments under this Section 2.13 (other than
          prepayment of an ABR Revolving Loan that does not occur in connection with, or
          as a result of, the reduction or termination of the Revolving Credit
          Commitments) shall be accompanied by accrued and unpaid interest on the
          principal amount to be prepaid to but excluding the date of payment. 



SECTION 2.14. Reserve
Requirements; Change in Circumstances. (a) Notwithstanding any other provision of this
Agreement, if any Change in Law shall impose, modify or deem applicable any reserve,
special deposit or similar requirement against assets of, deposits with or for the account
of or credit extended by any Lender or the Issuing Bank or shall impose on such Lender or
the Issuing Bank or the London interbank market any other condition affecting this
Agreement or Eurodollar Loans or Fixed Rate Loans made by such Lender or any Letter of
Credit or participation therein, and the result of any of the foregoing shall be to
increase the cost to such Lender of making or maintaining any Eurodollar Loan or Fixed
Rate Loan or increase the cost to any Lender or the Issuing Bank of issuing or maintaining
any Letter of Credit or purchasing or maintaining a participation therein or to reduce the
amount of any sum received or receivable by such Lender or the Issuing Bank hereunder
(whether of principal, interest or otherwise) by an amount deemed by such Lender or the
Issuing Bank to be material, then the Borrower will pay to such Lender or the Issuing
Bank, as the case may be, upon demand such additional amount or amounts as will compensate
such Lender or the Issuing Bank, as the case may be, for such additional costs incurred or
reduction suffered. 



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



     (c)    
          A certificate of a Lender or the Issuing Bank setting forth the amount or
          amounts necessary to compensate such Lender or the Issuing Bank or its holding
          company, as applicable, as specified in paragraph (a) or (b) above shall be
          delivered to the Borrower and shall be conclusive absent manifest error. The
          Borrower shall pay such Lender or the Issuing Bank the amount shown as due on
          any such certificate delivered by it within 15 days after its receipt of
          the same. 



     (d)    
          Failure or delay on the part of any Lender or the Issuing Bank to demand
          compensation for any increased costs or reduction in amounts received or
          receivable or reduction in return on capital shall not constitute a waiver of
          such Lender’s or the Issuing Bank’s right to demand such compensation;
          provided that the Borrower shall not be under any obligation to
          compensate any Lender or the Issuing Bank under paragraph (a) or (b) above with
          respect to increased costs or reductions with respect to any period prior to the
          date that is 120 days prior to such request if such Lender or the Issuing Bank
          knew or could reasonably have been expected to know of the circumstances giving
          rise to such increased costs or reductions and of the fact that such
          circumstances could reasonably be expected to result in a claim for increased
          compensation by reason of such increased costs or reductions; provided
          further that the foregoing limitation shall not apply to any increased costs
          or reductions arising out of the retroactive application of any Change in Law
          within such 120-day period. The protection of this Section shall be
          available to each Lender and the Issuing Bank regardless of any possible
          contention of the invalidity or inapplicability of the Change in Law that shall
          have occurred or been imposed. Notwithstanding any other provision of this
          Section, no Lender shall be entitled to demand compensation hereunder in respect
          of any Competitive Loan if it shall have been aware of the event or circumstance
          giving rise to such demand at the time it submitted the Competitive Bid pursuant
          to which such Loan was made. 



SECTION 2.15. Change in
Legality. (a) Notwithstanding any other provision of this Agreement, if any
Change in Law shall make it unlawful for any Lender to make or maintain any Eurodollar
Loan or to give effect to its obligations as contemplated hereby with respect to any
Eurodollar Loan, then, by written notice to the Borrower and to the Administrative Agent: 



     	(i) 	
          such Lender may declare that Eurodollar Loans will not thereafter (for the
          duration of such unlawfulness) be made by such Lender hereunder (or be continued
          for additional Interest Periods and ABR Loans will not thereafter (for such
          duration) be converted into Eurodollar Loans), whereupon such Lender shall not
          submit a Competitive Bid in response to a request for a Eurodollar Competitive
          Loan and any request for a Eurodollar Borrowing (or to convert an ABR Borrowing
          to a Eurodollar Borrowing or to continue a Eurodollar Borrowing for an
          additional Interest Period) shall, as to such Lender only, be deemed a request
          for an ABR Loan (or a request to continue an ABR Loan as such for an additional
          Interest Period or to convert a Eurodollar Loan into an ABR Loan, as the case
          may be), unless such declaration shall be subsequently withdrawn; and 



          



     	(ii) 	
          such Lender may require that all outstanding Eurodollar Loans made by it be
          converted to ABR Loans, in which event all such Eurodollar Loans shall be
          automatically converted to ABR Loans as of the effective date of such notice as
          provided in paragraph (b) below. 



          



In the event any Lender shall
exercise its rights under (i) or (ii) above, all payments and prepayments of
principal that would otherwise have been applied to repay the Eurodollar Loans that would
have been made by such Lender or the converted Eurodollar Loans of such Lender shall
instead be applied to repay the ABR Loans made by such Lender in lieu of, or resulting
from the conversion of, such Eurodollar Loans. 



     (b)    
          For purposes of this Section 2.15, a notice to the Borrower by any Lender
          shall be effective as to each Eurodollar Loan made by such Lender, if lawful, on
          the last day of the Interest Period then applicable to such Eurodollar Loan; in
          all other cases such notice shall be effective on the date of receipt by the
          Borrower. 



SECTION 2.16. Break Funding.
The Borrower shall compensate each Lender for any loss or expense that such Lender may
sustain or incur as a consequence of (a) such Lender receiving or being deemed to receive
any amount on account of the principal of any Fixed Rate Loan or Eurodollar Loan prior to
the end of the Interest Period in effect therefor, (b) the conversion of any Eurodollar
Loan to an ABR Loan, or the conversion of the Interest Period with respect to any
Eurodollar Loan, in each case other than on the last day of the Interest Period in effect
therefor or (c) the failure of the Borrower to borrow, convert, continue or prepay any
Fixed Rate Loan or Eurodollar Loan made or to be made by such Lender (including any
Eurodollar Loan to be made pursuant to a conversion or continuation under
Section 2.11) after notice of such borrowing, conversion, continuation or prepayment
shall have been given by the Borrower hereunder (any of the events referred to in this
sentence being called a “Breakage Event”). In the case of any Breakage
Event, such loss shall include an amount equal to the excess, as reasonably determined by
such Lender, of (i) its cost of obtaining funds for the Fixed Rate Loan or Eurodollar Loan
that is the subject of such Breakage Event for the period from the date of such Breakage
Event to the last day of the Interest Period in effect (or that would have been in effect)
for such Loan over (ii) the amount of interest likely to be realized by such Lender in
redeploying the funds released or not utilized by reason of such Breakage Event for such
period. A certificate of any Lender setting forth any amount or amounts which such Lender
is entitled to receive pursuant to this Section 2.16 shall be delivered to the
Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender
the amount due within 15 days of the receipt of any such certificate. 



SECTION 2.17. Pro Rata
Treatment. Except as provided below in this Section 2.17 with respect to
Competitive Borrowings and as required under Section 2.15, each Borrowing, each
payment or prepayment of principal of any Borrowing, each payment of interest on the
Loans, each payment of the Facility Fees and the L/C Participation Fees, each reduction of
the Term Loan Commitments or the Revolving Credit Commitments and each conversion of any
Borrowing to or continuation of any Borrowing as a Borrowing of any Type shall be
allocated pro rata among the Lenders in accordance with their respective applicable
Commitments (or, if such Commitments shall have expired or been terminated, in accordance
with the respective principal amounts of their outstanding Loans). Each payment of
principal of and interest on any Competitive Borrowing shall be allocated pro rata among
the Lenders participating in such Borrowing in accordance with the respective principal
amounts of their outstanding Competitive Loans comprising such Borrowing. For purposes of
determining the available Revolving Credit Commitments of the Lenders at any time, each
outstanding Competitive Borrowing shall be deemed to have utilized the Revolving Credit
Commitments of the Lenders (including those Lenders which shall not have made Loans as
part of such Competitive Borrowing) pro rata in accordance with such respective Revolving
Credit Commitments. Each Lender agrees that in computing such Lender’s portion of any
Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round
each Lender’s percentage of such Borrowing to the next higher or lower whole dollar
amount. 



SECTION 2.18. Sharing of
Setoffs. Each Lender agrees that if it shall, through the exercise of a right of
banker’s lien, setoff or counterclaim against the Borrower, or pursuant to a secured
claim under Section 506 of Title 11 of the United States Code or other security
or interest arising from, or in lieu of, such secured claim, received by such Lender under
any applicable bankruptcy, insolvency or other similar law or otherwise, or by any other
means, obtain payment (voluntary or involuntary) in respect of any Loan or Loans or L/C
Disbursement as a result of which the unpaid principal portion of its Loans and
participations in L/C Disbursements shall be proportionately less than the unpaid
principal portion of the Loans and participations in L/C Disbursements of any other
Lender, it shall be deemed simultaneously to have purchased from such other Lender at face
value, and shall promptly pay to such other Lender the purchase price for, a participation
in the Loans and L/C Exposure of such other Lender, so that the aggregate unpaid principal
amount of the Loans and L/C Exposure and participations in Loans and L/C Exposure held by
each Lender shall be in the same proportion to the aggregate unpaid principal amount of
all Loans and L/C Exposure then outstanding as the principal amount of its Loans and L/C
Exposure prior to such exercise of banker’s lien, setoff or counterclaim or other
event was to the principal amount of all Loans and L/C Exposure outstanding prior to such
exercise of banker’s lien, setoff or counterclaim or other event; provided,
however, that if any such purchase or purchases or adjustments shall be made
pursuant to this Section 2.18 and the payment giving rise thereto shall thereafter be
recovered, such purchase or purchases or adjustments shall be rescinded to the extent of
such recovery and the purchase price or prices or adjustment restored without interest.
The Borrower expressly consents to the foregoing arrangements and agrees that any Lender
holding a participation in a Loan or L/C Disbursement deemed to have been so purchased may
exercise any and all rights of banker’s lien, setoff or counterclaim with respect to
any and all moneys owing by the Borrower to such Lender by reason thereof as fully as if
such Lender had made a Loan directly to the Borrower in the amount of such participation. 



SECTION 2.19. Payments. (a)
The Borrower shall make each payment (including principal of or interest on any Borrowing
or any L/C Disbursement or any Fees or other amounts) hereunder not later than
12:00 (noon), New York City time, on the date when due in immediately available
dollars, without setoff, defense or counterclaim. Each such payment (other than Issuing
Bank Fees, which shall be paid directly to the Issuing Bank), shall be made to the
Administrative Agent at its offices at Eleven Madison Avenue, New York, NY 10010 or as
otherwise instructed by the Administrative Agent. 



     (b)    
          Except as otherwise expressly provided herein, whenever any payment (including
          principal of or interest on any Borrowing or any Fees or other amounts)
          hereunder shall become due, or otherwise would occur, on a day that is not a
          Business Day, such payment may be made on the next succeeding Business Day, and
          such extension of time shall in such case be included in the computation of
          interest or Fees, if applicable. 



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



SECTION 2.20. Taxes. (a) Any
and all payments by the Borrower hereunder shall be made free and clear of and without
deduction for any Indemnified Taxes or Other Taxes; provided that if the Borrower
shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then
(i) the sum payable shall be increased as necessary so that after making all required
deductions (including deductions applicable to additional sums payable under this Section
2.20) the Administrative Agent or such Lender (as the case may be) receives an amount
equal to the sum it would have received had no such deductions been made, (ii) the
Borrower shall make such deductions and (iii) the Borrower shall pay the full amount
deducted to the relevant Governmental Authority in accordance with applicable law. 



     (b)    
          In addition, the Borrower shall pay any Other Taxes not paid pursuant to Section
          2.20(a)(iii) to the relevant Governmental Authority in accordance with
          applicable law. As of the Closing Date, each Foreign Lender intends to make
          Loans hereunder out of an office located in the United States of America or out
          of an office so that such Loans would not be subject to Other Taxes. 



     (c)    
          The Borrower shall indemnify the Administrative Agent and each Lender, within 15
          days after written demand therefor, for the full amount of any Indemnified Taxes
          or Other Taxes paid by the Administrative Agent or such Lender, as the case may
          be, on or with respect to any payment by or on account of any obligation of the
          Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or
          asserted on or attributable to amounts payable under this Section) and any
          penalties, interest and reasonable expenses arising therefrom or with respect
          thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or
          legally imposed or asserted by the relevant Governmental Authority; provided,
          however, that the Borrower shall not be obligated to make a payment pursuant
          to this Section 2.20 in respect of penalties, interest and other liabilities
          attributable to any Indemnified Taxes or Other Taxes, if (i) such penalties,
          interest and other liabilities are attributable to the failure of the
          Administrative Agent or such Lender, as the case may be, to pay amounts paid to
          the Administrative Agent or such Lender by the Borrower (for Indemnified Taxes
          or Other Taxes) to the appropriate taxing authority in a timely manner after
          receipt of such payment from the Borrower or (ii) such penalties, interest and
          other liabilities are attributable to the gross negligence or wilful misconduct
          of the Administrative Agent or such Lender, as the case may be. After the
          Administrative Agent or a Lender learns of the imposition of Indemnified Taxes
          or Other Taxes, such person will act in good faith to promptly notify the
          Borrower of its obligations hereunder. A certificate as to the amount of such
          payment or liability delivered to the Borrower by a Lender, or by the
          Administrative Agent on its behalf or on behalf of a Lender, shall be conclusive
          absent manifest error. 



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



     (e)    
          Any Lender that is entitled to an exemption from or reduction of withholding tax
          under the law of the jurisdiction in which the Borrower is located, or any
          treaty to which such jurisdiction is a party, with respect to payments under
          this Agreement shall deliver to the Borrower (with a copy to the Administrative
          Agent), at the time or times prescribed by applicable law, such properly
          completed and executed documentation prescribed by applicable law and reasonably
          requested by the Borrower as will permit such payments to be made without
          withholding or at a reduced rate. Each Foreign Lender, before it signs and
          delivers this Agreement if listed on the signature pages hereof and before it
          becomes a Lender in the case of each other Foreign Lender, and from time to time
          thereafter, before the date any such form expires or becomes obsolete or
          invalid, shall provide the Borrower and the Administrative Agent with Internal
          Revenue Service form W-8BEN or W-8ECI (or other appropriate or successor form
          prescribed by the Internal Revenue Service) in duplicate, certifying that such
          Foreign Lender is entitled to benefits under an income tax treaty to which the
          United States of America is a party which exempts the Foreign Lender from U.S.
          withholding tax on payments of interest for the account of such Foreign Lender
          or certifying that the income receivable pursuant to this Agreement is
          effectively connected with the conduct by such Foreign Lender of a trade or
          business in the United States of America and exempt from United States
          withholding tax. 



     (f)    
          If the Administrative Agent or a Lender determines that it has received a refund
          or credit in respect of and specifically associated with any Indemnified Taxes
          or Other Taxes as to which it has been indemnified by the Borrower, or with
          respect to which the Borrower has paid additional amounts, it shall promptly
          notify the Borrower of such refund or credit and shall within 15 days from the
          date of receipt of such refund or benefit of such credit pay over the amount of
          such refund or benefit of such credit (including any interest paid or credited
          by the relevant taxing authority or Governmental Authority with respect to such
          refund or credit) to the Borrower (but only to the extent of indemnity payments
          made, or additional amounts paid, by the Borrower with respect to the
          Indemnified Taxes or Other Taxes giving rise to such refund of credit), net of
          all out-of-pocket expenses of such person. If the Administrative Agent or a
          Lender shall become aware that it is entitled to receive a refund or credit in
          respect of Indemnified Taxes or Other Taxes as to which it has been indemnified
          by the Borrower or with respect to which the Borrower has paid additional
          amounts, it shall promptly notify the Borrower of the availability of such
          refund or credit and shall, within 15 days after receipt of a request for such
          by the Borrower (whether as a result of notification that it has made of such to
          the Borrower or otherwise), make a claim to such taxing authority or
          Governmental Authority for such refund or credit and contest such Indemnified
          Taxes, Other Taxes or liabilities if (i) such Lender or the Administrative Agent
          determines, in its sole discretion, that it would not be materially
          disadvantaged or prejudiced as a result of such contest (it being understood
          that the mere existence of fees, charges, costs or expenses that the Borrower
          has offered to and agreed to pay on behalf of a Lender or the Administrative
          Agent shall not be deemed to be materially disadvantageous to such person) and
          (ii) the Borrower furnishes, upon request of the Lender or the Administrative
          Agent, an opinion of reputable tax counsel (such opinion and such counsel to be
          acceptable to such Lender or the Administrative Agent) to the effect that such
          Indemnified Taxes or Other Taxes were wrongfully or illegally imposed. 



SECTION 2.21. Assignment of
Commitments Under Certain Circumstances; Duty to Mitigate. (a) In the event
(i) any Lender or the Issuing Bank delivers a certificate requesting compensation
pursuant to Section 2.14, (ii) any Lender or the Issuing Bank delivers a notice
described in Section 2.15, (iii) the Borrower is required to pay any additional
amount to any Lender or the Issuing Bank or any Governmental Authority on account of any
Lender or the Issuing Bank pursuant to Section 2.20 or (iv) any Lender refuses to
consent to any amendment, waiver or other modification of this Agreement requested by the
Borrower that requires the consent of a greater percentage of the Lenders than the
Required Lenders and such amendment, waiver or other modification is consented to by the
Required Lenders, the Borrower may, at its sole expense and effort (including with respect
to the processing and recordation fee referred to in Section 9.04(b)), upon notice to
such Lender or the Issuing Bank and the Administrative Agent, require such Lender or the
Issuing Bank to transfer and assign, without recourse (in accordance with and subject to
the restrictions contained in Section 9.04), all of its interests, rights and
obligations under this Agreement (or, in the case of clause (iv) above, all of its
interests, rights and obligations with respect to the Class of Loans or Commitments that
is the subject of the related consent, amendment, waiver or other modification) to an
Eligible Assignee that shall assume such assigned obligations and, with respect to clause
(iv) above, shall consent to such requested amendment, waiver or other modification of
this Agreement (which Eligible Assignee may be another Lender, if a Lender accepts such
assignment); provided that (x) such assignment shall not conflict with any law,
rule or regulation or order of any court or other Governmental Authority having
jurisdiction, (y) the Borrower shall have received the prior written consent of the
Administrative Agent (and, if a Revolving Credit Commitment is being assigned, of the
Issuing Bank), which consent shall not unreasonably be withheld, and (z) the Borrower or
such Eligible Assignee shall have paid to the affected Lender or the Issuing Bank in
immediately available funds an amount equal to the sum of the principal of and interest
accrued to the date of such payment on the outstanding Loans or L/C Disbursements of such
Lender or the Issuing Bank, respectively, plus all Fees and other amounts accrued for the
account of such Lender or the Issuing Bank hereunder (including any amounts under
Section 2.14 and Section 2.16); provided further that, if prior to
any such transfer and assignment the circumstances or event that resulted in such
Lender’s or the Issuing Bank’s claim for compensation under Section 2.14 or
notice under Section 2.15 or the amounts paid pursuant to Section 2.20, as the
case may be, cease to cause such Lender or the Issuing Bank to suffer increased costs or
reductions in amounts received or receivable or reduction in return on capital, or cease
to have the consequences specified in Section 2.15, or cease to result in amounts
being payable under Section 2.20, as the case may be (including as a result of any
action taken by such Lender or the Issuing Bank pursuant to paragraph (b) below), or
if such Lender or the Issuing Bank shall waive its right to claim further compensation
under Section 2.14 in respect of such circumstances or event or shall withdraw its
notice under Section 2.15 or shall waive its right to further payments under
Section 2.20 in respect of such circumstances or event or shall consent to the
proposed amendment, waiver, consent or other modification, as the case may be, then such
Lender or the Issuing Bank shall not thereafter be required to make any such transfer and
assignment hereunder. Each Lender hereby grants to the Administrative Agent an irrevocable
power of attorney (which power is coupled with an interest) to execute and deliver, on
behalf of such Lender as assignor, any Assignment and Acceptance necessary to effectuate
any assignment of such Lender’s interests hereunder in the circumstances contemplated
by this Section 2.21(a). 



     (b)    
          If (i) any Lender or the Issuing Bank shall request compensation under
          Section 2.14, (ii) any Lender or the Issuing Bank delivers a notice
          described in Section 2.15 or (iii) the Borrower is required to pay any
          additional amount or indemnity payment to any Lender or the Issuing Bank or any
          Governmental Authority on account of any Lender or the Issuing Bank, pursuant to
          Section 2.20, then such Lender or the Issuing Bank shall use reasonable
          efforts (which shall not require such Lender or the Issuing Bank to incur an
          unreimbursed loss or unreimbursed cost or expense or otherwise take any action
          inconsistent with its internal policies or legal or regulatory restrictions or
          suffer any disadvantage or burden deemed by it to be significant) (x) to file
          any certificate or document reasonably requested in writing by the Borrower or
          (y) to assign its rights and delegate and transfer its obligations hereunder to
          another of its offices, branches or affiliates, if such filing or assignment
          would reduce its claims for compensation under Section 2.14 or enable it to
          withdraw its notice pursuant to Section 2.15 or would reduce amounts
          payable pursuant to Section 2.20, as the case may be, in the future. The
          Borrower hereby agrees to pay all reasonable costs and expenses incurred by any
          Lender or the Issuing Bank in connection with any such filing or assignment,
          delegation and transfer. 



SECTION 2.22. Letters of
Credit. (a) General. The Borrower may request the issuance of a Letter of
Credit for its own account or for the account of any of its Subsidiaries (in which case
the Borrower and such Subsidiary shall be co-applicants with respect to such Letter of
Credit), in a form reasonably acceptable to the Administrative Agent and the Issuing Bank,
at any time and from time to time while the Revolving Credit Commitments remain in effect.
This Section 2.22 shall not be construed to impose an obligation upon the Issuing Bank to
issue any Letter of Credit that is inconsistent with the terms and conditions of this
Agreement. 



     	(b) 	
          Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In
          order to request the issuance of a Letter of Credit (or to amend, renew or
          extend an existing Letter of Credit), the Borrower shall hand deliver or
          telecopy (or transmit by electronic communication, if arrangements for doing so
          have been approved by the Issuing Bank) to the Issuing Bank and the
          Administrative Agent (reasonably in advance of the requested date of issuance,
          amendment, renewal or extension) a notice requesting the issuance of a Letter of
          Credit, or identifying the Letter of Credit to be amended, renewed or extended,
          and specifying the date of issuance, amendment, renewal or extension, the date
          on which such Letter of Credit is to expire (which shall comply with
          paragraph (c) below), the amount of such Letter of Credit, the name and
          address of the beneficiary thereof and such other information as shall be
          necessary to prepare such Letter of Credit. A Letter of Credit shall be issued,
          amended, renewed or extended only if, and upon issuance, amendment, renewal or
          extension of each Letter of Credit the Borrower shall be deemed to represent and
          warrant that, after giving effect to such issuance, amendment, renewal or
          extension (i) the L/C Exposure shall not exceed the L/C Commitment and
          (ii) the sum of the Aggregate Revolving Credit Exposure and the aggregate
          principal amount of outstanding Competitive Borrowings shall not exceed the
          Total Revolving Credit Commitment. 



          



     	(c) 	
          Expiration Date. Each Letter of Credit shall expire at the close of
          business on the earlier of the date one year after the date of the issuance of
          such Letter of Credit and the date that is five Business Days prior to the
          Maturity Date, unless such Letter of Credit expires by its terms on an earlier
          date; provided, however, that a Letter of Credit may, upon the
          request of the Borrower, include a provision whereby such Letter of Credit shall
          be renewed automatically for additional consecutive periods of 12 months or less
          (but not beyond the date that is five Business Days prior to the Maturity Date)
          unless the Issuing Bank notifies the beneficiary thereof at least 30 days (or
          such longer period as may be specified in such Letter of Credit) prior to the
          then-applicable expiration date that such Letter of Credit will not be renewed. 



          



     	(d) 	
          Participations. By the issuance of a Letter of Credit and without any
          further action on the part of the Issuing Bank or the Lenders, the Issuing Bank
          hereby grants to each Revolving Credit Lender, and each such Lender hereby
          acquires from the Issuing Bank, a participation in such Letter of Credit equal
          to such Lender’s Pro Rata Percentage of the aggregate amount available to
          be drawn under such Letter of Credit, effective upon the issuance of such Letter
          of Credit (or, in the case of the Existing Letters of Credit, effective upon the
          Closing Date). In consideration and in furtherance of the foregoing, each
          Revolving Credit Lender hereby absolutely and unconditionally agrees to pay to
          the Administrative Agent, for the account of the Issuing Bank, such
          Lender’s Pro Rata Percentage of each L/C Disbursement made by the Issuing
          Bank and not reimbursed by the Borrower forthwith on the date due as provided in
          Section 2.02(f). Each Revolving Credit Lender acknowledges and agrees that
          its obligation to acquire participations pursuant to this paragraph in respect
          of Letters of Credit is absolute and unconditional and shall not be affected by
          any circumstance whatsoever, including the occurrence and continuance of a
          Default or an Event of Default, and that each such payment shall be made without
          any offset, abatement, withholding or reduction whatsoever. 



          



     	(e) 	
          Reimbursement. If the Issuing Bank shall make any L/C Disbursement in
          respect of a Letter of Credit, the Borrower shall pay to the Administrative
          Agent an amount equal to such L/C Disbursement not later than 5:00 p.m.,
          New York City time, on the day on which the Borrower shall have received notice
          from the Issuing Bank that payment of such draft will be made, or, if the
          Borrower shall have received such notice later than 11:00 a.m., New York City
          time, on any Business Day, not later than 12:00 noon, New York City time, on the
          immediately following Business Day. 



          



     	(f) 	
          Obligations Absolute. The Borrower’s obligations to reimburse L/C
          Disbursements as provided in paragraph (e) above shall be absolute,
          unconditional and irrevocable, and shall be performed strictly in accordance
          with the terms of this Agreement, under any and all circumstances whatsoever,
          and irrespective of: 



          



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



          



     	(ii) 	
          any amendment or waiver of this Agreement; 



          



     	(iii) 	
          the existence of any claim, setoff, defense or other right that the Borrower,
          any other party guaranteeing, or otherwise obligated with, the Borrower, any
          Subsidiary or other Affiliate thereof or any other person may at any time have
          against the beneficiary under any Letter of Credit, the Issuing Bank, the
          Administrative Agent or any Lender or any other person, whether in connection
          with this Agreement 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
          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 2.22, constitute a legal or
          equitable discharge of the Borrower’s obligations hereunder. 



          



        Without
limiting the generality of the foregoing, it is expressly understood and agreed that the
absolute and unconditional obligation of the Borrower hereunder to reimburse L/C
Disbursements will not be excused by the gross negligence or wilful misconduct of the
Issuing Bank. However, the foregoing shall not be construed to excuse the Issuing Bank
from liability to the Borrower to the extent of any direct damages (as opposed to
consequential damages, claims in respect of which are hereby waived by the Borrower to the
extent permitted by applicable law) suffered by the Borrower that are caused by the
Issuing Bank’s gross negligence or wilful misconduct in determining whether drafts
and other documents presented under a Letter of Credit comply with the terms thereof; it
is understood that 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
(i) the Issuing Bank’s exclusive reliance on the documents presented to it under
such Letter of Credit as to any and all matters set forth therein, including reliance on
the amount of any draft presented under such Letter of Credit, whether or not the amount
due to the beneficiary thereunder equals the amount of such draft and whether or not any
document presented pursuant to such Letter of Credit proves to be insufficient in any
respect, if such document on its face appears to be in order, and whether or not any other
statement or any other document presented pursuant to such Letter of Credit proves to be
forged or invalid or any statement therein proves to be inaccurate or untrue in any
respect whatsoever and (ii) any noncompliance in any immaterial respect of the
documents presented under such Letter of Credit with the terms thereof shall, in each
case, be deemed not to constitute wilful misconduct or gross negligence of the Issuing
Bank. 



     (g)    
          Disbursement Procedures. The Issuing Bank shall, promptly following its
          receipt thereof, examine all documents purporting to represent a demand for
          payment under a Letter of Credit. The Issuing Bank shall as promptly as possible
          give telephonic notification, confirmed by telecopy, to the Administrative Agent
          and the Borrower of such demand for payment and whether the Issuing Bank has
          made or will make an L/C Disbursement thereunder; provided that any
          failure to give or delay in giving such notice shall not relieve the Borrower of
          its obligation to reimburse the Issuing Bank and the Revolving Credit Lenders
          with respect to any such L/C Disbursement. The Administrative Agent shall
          promptly give each Revolving Credit Lender notice thereof. 



     (h)    
          Interim Interest. If the Issuing Bank shall make any L/C Disbursement in
          respect of a Letter of Credit, then, unless the Borrower shall reimburse such
          L/C Disbursement in full on such date, the unpaid amount thereof shall bear
          interest for the account of the Issuing Bank, for each day from and including
          the date of such L/C Disbursement, to but excluding the earlier of the date of
          payment by the Borrower or the date on which interest shall commence to accrue
          thereon as provided in Section 2.02(f), at the rate per annum that would
          apply to such amount if such amount were an ABR Revolving Loan. 



     (i)    
          Resignation or Removal of the Issuing Bank. The Issuing Bank may resign
          at any time by giving 30 days’ prior written notice to the Administrative
          Agent, the Lenders and the Borrower, and may be removed at any time by the
          Borrower by notice to the Issuing Bank, the Administrative Agent and the
          Lenders. Subject to the next succeeding paragraph, upon the acceptance of any
          appointment as the Issuing Bank hereunder by a Lender that shall agree to serve
          as successor Issuing Bank, such successor shall succeed to and become vested
          with all the interests, rights and obligations of the retiring Issuing Bank and
          the retiring Issuing Bank shall be discharged from its obligations to issue
          additional Letters of Credit hereunder. At the time such removal or resignation
          shall become effective, the Borrower shall pay all accrued and unpaid fees
          pursuant to Section 2.06(c)(ii). The acceptance of any appointment as the
          Issuing Bank hereunder by a successor Lender shall be evidenced by an agreement
          entered into by such successor, in a form satisfactory to the Borrower and the
          Administrative Agent, and, from and after the effective date of such agreement,
          (i) such successor Lender shall have all the rights and obligations of the
          previous Issuing Bank under this Agreement and (ii) references herein to the
          term “Issuing Bank” shall be deemed to refer to such successor or to
          any previous Issuing Bank, or to such successor and all previous Issuing Banks,
          as the context shall require. After the resignation or removal of the Issuing
          Bank hereunder, the retiring Issuing Bank shall remain a party hereto and shall
          continue to have all the rights and obligations of an Issuing Bank under this
          Agreement with respect to Letters of Credit issued by it prior to such
          resignation or removal, but shall not be required to issue additional Letters of
          Credit. 



     (j)    
          Cash Collateralization. If any Event of Default shall occur and be
          continuing, the Borrower shall, on the Business Day it receives notice from the
          Administrative Agent or the Required Lenders (or, if the maturity of the Loans
          has been accelerated, Revolving Credit Lenders holding participations in
          outstanding Letters of Credit representing greater than 50% of the aggregate
          undrawn amount of all outstanding Letters of Credit) thereof and of the amount
          to be deposited, deposit in an account with the Administrative Agent, for the
          benefit of the Revolving Credit Lenders, an amount in cash equal to the L/C
          Exposure as of such date, provided, however that the obligation to
          deposit such cash shall become effective immediately, and such deposit shall
          become immediately due and payable, without demand or other notice of any kind,
          upon the occurrence of any Event of Default with respect to the Borrower
          described in clause (g) or (h) of Article VII. Such deposit shall be held by the
          Administrative Agent as collateral for the payment and performance of the
          obligations of the Borrower under this Agreement. The Administrative Agent shall
          have exclusive dominion and control, including the exclusive right of
          withdrawal, over such account. Other than any interest earned on the investment
          of such deposits in Permitted Investments, which investments shall be made at
          the option and sole discretion of the Administrative Agent, such deposits shall
          not bear interest. Interest or profits, if any, on such investments shall
          accumulate in such account. Moneys in such account shall (i) automatically be
          applied by the Administrative Agent to reimburse the Issuing Bank for L/C
          Disbursements for which it has not been reimbursed, (ii) be held for the
          satisfaction of the reimbursement obligations of the Borrower for the L/C
          Exposure at such time and (iii) if the maturity of the Loans has been
          accelerated (but subject to the consent of Revolving Credit Lenders holding
          participations in outstanding Letters of Credit representing greater than 50% of
          the aggregate undrawn amount of all outstanding Letters of Credit), be applied
          to satisfy other obligations of the Borrower under this Agreement. If the
          Borrower is required to provide an amount of cash collateral hereunder as a
          result of the occurrence of an Event of Default, such amount (to the extent not
          applied as aforesaid) shall be returned to the Borrower within three Business
          Days after all Events of Default have been cured or waived. 



     (k)    
          Additional Issuing Banks. The Borrower may, at any time and from time to
          time with the consent of the Administrative Agent (which consent shall not be
          unreasonably withheld or delayed) and such Lender, designate one or more
          additional Lenders to act as an issuing bank under the terms of this Agreement.
          Any Lender designated as an issuing bank pursuant to this paragraph (k) shall be
          deemed to be an “Issuing Bank” (in addition to being a Lender) in
          respect of Letters of Credit issued or to be issued by such Lender, and, with
          respect to such Letters of Credit, such term shall thereafter apply to the other
          Issuing Bank and such Lender. 



SECTION 2.23. Incremental
Commitments. (a) The Borrower may, by written notice to the Administrative Agent from
time to time, request that the Total Revolving Credit Commitment (and, in connection
therewith, the L/C Commitment) be increased by an amount not to exceed the Incremental
Commitment Amount at such time. Such notice shall set forth the amount of the requested
increase in the Total Revolving Credit Commitment (which shall be in minimum increments of
$5,000,000 and a minimum amount of $10,000,000 or equal to the remaining Incremental
Commitment Amount) and, if applicable, the L/C Commitment, and the date on which such
increase is requested to become effective (which shall be not less than 10 Business Days
nor more than 60 days after the date of such notice and which, in any event, must be on or
prior to the Maturity Date), and shall offer each Revolving Credit Lender the opportunity
to increase its Revolving Credit Commitment by its Pro Rata Percentage of the proposed
increased amount. Each Revolving Credit Lender shall, by notice to the Borrower and the
Administrative Agent given not more than 10 days after the date of the Administrative
Agent’s notice, either agree to increase its Revolving Credit Commitment by all or a
portion of the offered amount (each Lender so agreeing being an “Increasing
Lender”) or decline to increase its Revolving Credit Commitment (and any Lender
that does not deliver such a notice within such period of 10 days shall be deemed to have
declined to increase its Revolving Credit Commitment) (each Lender so declining or being
deemed to have declined being a “Non-Increasing Lender”). In the event
that, on the 10th day after the Administrative Agent shall have delivered such notice, the
Revolving Credit Lenders shall have agreed pursuant to the preceding sentence to increase
their Revolving Credit Commitments by an aggregate amount less than the increase in the
Total Revolving Credit Commitment requested by the Borrower, the Borrower may arrange for
one or more banks or other entities (any such bank or other entity being called an
“Augmenting Lender”), which may include any Lender, to extend Revolving
Credit Commitments or increase their existing Revolving Credit Commitments in an aggregate
amount equal to the unsubscribed amount; provided that, notwithstanding the
foregoing, (i) no person shall become a Revolving Credit Lender and no Revolving
Credit Lender’s Revolving Credit Commitment shall increase pursuant to this
Section 2.23 without the prior written consent of the Administrative Agent and the
Issuing Bank (which shall not be unreasonably withheld) and (ii) the L/C Commitment
of any Issuing Bank shall not be increased pursuant to this Section 2.23 without the
prior written consent of such Issuing Bank. The Borrower and each Augmenting Lender shall
execute all such documentation as the Administrative Agent shall reasonably specify to
evidence its Revolving Credit Commitment and/or its status as a Revolving Credit Lender
hereunder. Any increase in the Revolving Credit Commitment may be made in an amount which
is less than the increase requested by the Borrower if the Borrower is unable to arrange
for, or chooses not to arrange for, Augmenting Lenders. 



     (b)    
          Each of the parties hereto hereby agrees that the Administrative Agent may take
          any and all actions as may be reasonably necessary to ensure that, after giving
          effect to any increase in the Total Revolving Credit Commitment pursuant to this
          Section 2.23, the outstanding Revolving Loans (if any) are held by the Revolving
          Credit Lenders in accordance with their new Pro Rata Percentages. This may be
          accomplished at the discretion of the Administrative Agent (i) by requiring
          the outstanding Revolving Loans to be prepaid with the proceeds of a new
          Revolving Credit Borrowing, (ii) by causing Non-Increasing Lenders to assign
          portions of their outstanding Revolving Loans to Increasing Lenders and
          Augmenting Lenders or (iii) by any combination of the foregoing. Any
          prepayment or assignment described in this paragraph (b) shall be subject to
          Section 2.16, but otherwise without premium or penalty. 



     (c)    
          Notwithstanding the foregoing, no increase in the Total Revolving Credit
          Commitment shall become effective under this Section 2.23 unless, (i) on the
          date of such increase, the conditions set forth in paragraphs (b) and (c) of
          Section 4.01 shall be satisfied and the Administrative Agent shall have received
          a certificate to that effect dated such date and executed by a Financial Officer
          of the Borrower, and (ii) the Administrative Agent shall have received (with
          sufficient copies for each of the Lenders) such customary closing documentation
          as the Administrative Agent shall have reasonably requested. 




ARTICLE III 




Representations and
Warranties 



        The
Borrower represents and warrants to the Administrative Agent, the Issuing Bank and each of
the Lenders that: 



SECTION 3.01. Organization;
Powers. The Borrower and each of the Subsidiaries (a) is duly organized, validly
existing and in good standing under the laws of the jurisdiction of its organization,
(b) has all requisite power and authority to own its property and assets and to carry
on its business as now conducted and (c) is qualified to do business in, and is in
good standing in, every jurisdiction where such qualification is required, except where
the failure so to qualify could not reasonably be expected to result in a Material Adverse
Effect. 



SECTION 3.02. Authorization.
The execution, delivery and performance by the Borrower of this Agreement and the
transactions contemplated hereby (including the Borrowings hereunder) (collectively, the
“Transactions”) (a) are within the Borrower’s corporate powers
and have been duly authorized by all requisite corporate and, if required, stockholder
action and (b) will not (i) violate (A) any provision of law, statute, rule
or regulation, or of the certificate or articles of incorporation or other constitutive
documents or by-laws of the Borrower or any Subsidiary, (B) any order of any
Governmental Authority or (C) any provision of any indenture, agreement or other
instrument to which the Borrower or any Subsidiary is a party or by which any of them or
any of their property is or may be bound, the effect of which could reasonably be expected
to result in a Material Adverse Effect, (ii) result in a breach of or constitute
(alone or with notice or lapse of time or both) a default under, or give rise to any right
to accelerate or to require the prepayment, repurchase or redemption of any obligation
under any such indenture, agreement or other instrument, the effect of which could
reasonably be expected to result in a Material Adverse Effect, or (iii) result in the
creation or imposition of any Lien upon or with respect to any property or assets now
owned or hereafter acquired by the Borrower or any Subsidiary. 



SECTION 3.03. Enforceability.
This Agreement has been duly executed and delivered by the Borrower and constitutes a
legal, valid and binding obligation of the Borrower enforceable against the Borrower in
accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium, or similar laws affecting the enforceability of creditors’ rights
generally and to general principles of equity, regardless of whether considered in a
proceeding in equity or at law. 



SECTION 3.04. Governmental
Approvals. No action, consent or approval of, registration or filing with or any other
action by any Governmental Authority is or will be required in connection with the
Transactions, except for such as have been made or obtained and are in full force and
effect. 



SECTION 3.05. Financial
Statements. The Borrower has heretofore furnished to the Lenders its consolidated
balance sheets and related statements of income, stockholders’ equity and cash flows
(a) as of and for the fiscal year ended December 31, 2006, audited by and accompanied by
the opinion of PricewaterhouseCoopers LLP, independent public accountants, and (b) as of
and for the fiscal quarter and the portion of the fiscal year ended June 30, 2007,
certified by its chief financial officer. Such financial statements present fairly, in all
material respects, the financial condition and results of operations and cash flows of the
Borrower and its consolidated Subsidiaries as of such dates and for such periods in
accordance with GAAP, subject to normal year-end audit adjustments and the absence of
footnotes in the case of the statements referred to in clause (b) above. 



SECTION 3.06. No Material Adverse
Change. As of the Closing Date, since December 31, 2006, there has been no
material adverse change in the financial condition, results of operations or business of
the Borrower and the Subsidiaries, taken as a whole. 



SECTION 3.07. Subsidiaries.
Schedule 3.07 sets forth as of the Closing Date a list of all Subsidiaries and the
percentage ownership interest of the Borrower therein. 



SECTION 3.08. Litigation;
Compliance with Laws. (a) There are not any actions, suits or proceedings at law or in
equity or by or before any Governmental Authority now pending or, to the knowledge of the
Borrower, threatened against or affecting the Borrower or any Subsidiary or any business,
property or rights of any such person (i) that involve this Agreement or the
Transactions or (ii) as to which there is a reasonable possibility of an adverse
determination and that, if adversely determined, could reasonably be expected,
individually or in the aggregate, to result in a Material Adverse Effect. 



     (b)    
          None of the Borrower or any of the Subsidiaries is in violation of any law, rule
          or regulation, or is in default with respect to any judgment, writ, injunction,
          decree or order of any Governmental Authority, where such violation or default
          could reasonably be expected to result in a Material Adverse Effect. 



SECTION 3.09. Federal Reserve
Regulations. (a) The Borrower is not engaged principally, or as one of its important
activities, in the business of extending credit for the purpose of buying or carrying
Margin Stock. 



     (b)    
          No part of the proceeds of any Loan or any Letter of Credit will be used,
          whether directly or indirectly, and whether immediately, incidentally or
          ultimately, for any purpose that entails a violation of, or that is
          inconsistent with, the provisions of the Regulations of the Board, including
          Regulation T, U or X. 



SECTION 3.10. Investment Company
Act. None of the Borrower or any of the Subsidiaries is an “investment
company” as defined in, or subject to regulation under, the Investment Company Act of
1940. 



SECTION 3.11. Use of Proceeds.
The Borrower will use the proceeds of the Loans and will request the issuance of Letters
of Credit only for the purposes specified in the preamble to this Agreement. 



SECTION 3.12. Tax Returns.
Each of the Borrower and the Subsidiaries has filed or caused to be filed all Federal,
state, local and foreign tax returns or materials required to have been filed by it and
has paid or caused to be paid all Taxes due and payable by it and all assessments received
by it, except (a) Taxes that are being contested in good faith by appropriate
proceedings and for which the Borrower or such Subsidiary, as applicable, shall have set
aside on its books adequate reserves or (b) to the extent that the failure to do so
could not reasonably be expected to result in a Material Adverse Effect. 



SECTION 3.13. No Material
Misstatements. None of (a) the Confidential Information Memorandum or (b) any other
information, report, financial statement, exhibit or schedule furnished by or on behalf of
the Borrower to the Administrative Agent or any Lender in connection with the negotiation
of this Agreement contains any material misstatement of fact or omits to state any
material fact necessary to make the statements therein taken as a whole, in the light of
the circumstances under which they were made, not misleading; provided that to the
extent any such information, report, financial statement, exhibit or schedule was based
upon or constitutes a forecast or projection, the Borrower represents only that it acted
in good faith and utilized reasonable assumptions and due care in the preparation of such
information, report, financial statement, exhibit or schedule. 



SECTION 3.14. Employee Benefit
Plans. No ERISA Event has occurred or is reasonably expected to occur that, when taken
together with all other such ERISA Events, could reasonably be expected to result in a
Material Adverse Effect. The accumulated benefit obligations (as defined in Statement of
Financial Accounting Standards No. 87) under all Plans (based on the assumptions used for
purposes of Statement of Financial Accounting Standards No. 87) did not, as of the last
annual valuation dates applicable thereto, exceed by more than $75,000,000 the fair market
value of the assets of all such Plans. 



SECTION 3.15. Environmental
Matters. Except with respect to any matters that, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect, neither the
Borrower nor any of the Subsidiaries (a) has failed to comply with any Environmental
Law or to obtain, maintain or comply with any permit, license or other approval required
under any Environmental Law, (b) is subject to any Environmental Liability,
(c) has received written notice of any claim with respect to any Environmental
Liability or (d) knows of any basis for any Environmental Liability of the Borrower or the
Subsidiaries. 



SECTION 3.16. Senior
Indebtedness. The Loans and other obligations hereunder constitute “Senior
Indebtedness” under and as defined in the Subordinated Note Documents. 




ARTICLE IV 




Conditions of Lending 



        The
obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of
Credit hereunder are subject to the satisfaction of the following conditions: 


SECTION 4.01.     All Credit Events. On the date of each Borrowing or issuance,  amendment,  extension or renewal of a Letter of Credit
(each such event being called a "Credit Event"):


     (a)    
          The Administrative Agent shall have received a notice of such Borrowing as
          required by Section 2.03 or 2.04, as applicable (or such notice shall have been
          deemed given in accordance with Section 2.04), or, in the case of the
          issuance, amendment, extension or renewal of a Letter of Credit, the Issuing
          Bank and the Administrative Agent shall have received a notice requesting the
          issuance, amendment, extension or renewal of such Letter of Credit as required
          by Section 2.22(b). 



     (b)    
          The representations and warranties set forth in Article III hereof shall be
          true and correct in all material respects on and as of the date of such Credit
          Event 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. 



     (c)    
          At the time of and immediately after such Credit Event, no Event of Default or
          Default shall have occurred and be continuing. 



        Each
Credit Event shall be deemed to constitute a representation and warranty by the Borrower
on the date of such Credit Event as to the matters specified in paragraphs (b) and (c) of
this Section 4.01. 


SECTION 4.02.     First Credit Event.  On the Closing Date:


     (a)    
          The Administrative Agent (or its counsel) shall have received from each party
          hereto either (i) a counterpart of this Agreement signed on behalf of such
          party or (ii) written evidence satisfactory to the Administrative Agent
          (which may include telecopy transmission of a signed signature page of this
          Agreement) that such party has signed a counterpart of this Agreement. 



     (b)    
          The Administrative Agent shall have received, on behalf of itself, the Lenders
          and the Issuing Bank, a favorable written opinion of each of (i) Bradford
          T. Smith, Chief Legal Officer of the Borrower, substantially to the effect set
          forth in Exhibit E-1, and (ii) Hogan & Hartson L.L.P., special
          counsel for the Borrower, substantially to the effect set forth in
          Exhibit E-2, (A) dated the Closing Date, (B) addressed to the
          Issuing Bank, the Administrative Agent and the Lenders, and (C) covering
          such other matters relating to this Agreement and the Transactions as the
          Administrative Agent shall reasonably request, and the Borrower hereby requests
          such counsel to deliver such opinions. 



     (c)    
          The Administrative Agent shall have received (i) a copy of the certificate
          of incorporation, including all amendments thereto, of the Borrower, certified
          as of a recent date by the Secretary of State of the State of Delaware, and a
          certificate as to the good standing of the Borrower as of a recent date, from
          such Secretary of State; (ii) a certificate of the Secretary or Assistant
          Secretary of the Borrower dated the Closing Date and certifying (A) that
          attached thereto is a true and complete copy of the by-laws of the Borrower as
          in effect on the Closing Date and at all times since a date prior to the date of
          the resolutions described in clause (B) below, (B) that attached
          thereto is a true and complete copy of resolutions duly adopted by the Board of
          Directors of the Borrower authorizing the execution, delivery and performance of
          this Agreement and the borrowings hereunder, and that such resolutions have not
          been modified, rescinded or amended and are in full force and effect,
          (C) that the certificate of incorporation of the Borrower has not been
          amended since the date of the last amendment thereto shown on the certificate of
          good standing furnished pursuant to clause (i) above, and (D) as to
          the incumbency and specimen signature of each officer executing this Agreement
          or any other document delivered in connection herewith on behalf of the
          Borrower; (iii) a certificate of another officer as to the incumbency and
          specimen signature of the Secretary or Assistant Secretary executing the
          certificate pursuant to clause (ii) above; and (iv) such other
          documents relating to the Borrower, this Agreement or the Transactions as the
          Lenders, the Issuing Bank or the Administrative Agent may reasonably request. 



     (d)    
          The Administrative Agent shall have received a certificate, dated the Closing
          Date and signed by a Financial Officer of the Borrower, confirming compliance
          with the conditions precedent set forth in paragraphs (b) and (c) of
          Section 4.01. 



     (e)    
          The Administrative Agent shall have received all Fees and other amounts due and
          payable on or prior to the Closing Date, including, to the extent invoiced,
          reimbursement or payment of all out-of-pocket expenses required to be reimbursed
          or paid by the Borrower hereunder. 



     (f)    
          All principal, interest, fees and other amounts outstanding or due under the
          Existing Credit Agreement shall have been paid in full, the commitments
          thereunder terminated, and the Administrative Agent shall have received
          satisfactory evidence thereof. 



     (g)    
          The credit facilities provided for by this Agreement shall be rated not lower
          than BBB by S&P, and the Administrative Agent shall have received
          satisfactory evidence thereof. 



     (h)    
          The Lenders shall have received all documentation and other information
          requested by them and required by regulatory authorities under applicable
          “know your customer” and anti-money laundering rules and regulations,
          including the USA PATRIOT Act. 




ARTICLE V 




Affirmative Covenants 



        The
Borrower covenants and agrees with each Lender that until the Commitments have been
terminated and the principal of and interest on each Loan, all Fees and all other expenses
or amounts payable hereunder shall have been paid in full and all Letters of Credit have
been canceled or have expired and all amounts drawn thereunder have been reimbursed in
full, unless the Required Lenders shall otherwise consent in writing, the Borrower will,
and will cause each of the Subsidiaries to: 


SECTION 5.01.     Existence;  Businesses and Properties.  (a) Do or cause to be done all things  necessary to preserve,  renew and keep
in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.04.


     (b)    
          Do or cause to be done all things necessary to obtain, preserve, renew, extend
          and keep in full force and effect its rights, licenses, permits, franchises,
          authorizations, patents, copyrights, trademarks and trade names, and comply in
          all material respects with all applicable laws, rules, regulations and decrees
          and orders of any Governmental Authority, in each case except where the failure
          to do so could not reasonably be expected to result in a Material Adverse
          Effect. 



SECTION 5.02. Insurance.
Maintain with responsible and reputable insurance companies insurance, to such extent and
against such risks as is customary with companies in the same or similar businesses
operating in the same or similar locations. 



SECTION 5.03. Obligations and
Taxes. Pay its Indebtedness and other obligations, including Taxes, before the same
shall become delinquent or in default, except where (a)  the validity or amount
thereof shall be contested in good faith by appropriate proceedings and the Borrower shall
have set aside on its books adequate reserves with respect thereto in accordance with GAAP
or (b) to the extent that the failure to do so could not reasonably be expected to
result in a Material Adverse Effect. 


SECTION 5.04.     Financial  Statements,  Reports,  etc.  In the case of the  Borrower,  furnish to the  Administrative  Agent and each
Lender:


     (a)    
          within 105 days after the end of each fiscal year, its consolidated balance
          sheet and related statements of income, stockholders’ equity and cash flows
          as of the close of and for such fiscal year, together with comparative figures
          for the immediately preceding fiscal year, all audited by PricewaterhouseCoopers
          LLP or other independent public accountants of recognized national standing and
          accompanied by an opinion of such accountants (which shall not be qualified in
          any material respect) to the effect that such consolidated financial statements
          present fairly in all material respects the financial condition and results of
          operations of the Borrower and its consolidated Subsidiaries on a consolidated
          basis in accordance with GAAP consistently applied; 



     (b)    
          within 50 days after the end of each of the first three fiscal quarters of
          each fiscal year, its consolidated balance sheet and related statements of
          income, stockholders’ equity and cash flows as of the close of and for such
          fiscal quarter and the then elapsed portion of the fiscal year, and comparative
          figures for the same periods in the immediately preceding fiscal year, all
          certified by one of its Financial Officers as presenting fairly in all material
          respects the financial condition and results of operations of the Borrower and
          its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
          consistently applied, subject to normal year-end audit adjustments and the
          absence of footnotes; 



     (c)    
          concurrently with any delivery of financial statements under paragraph (a)
          or (b) above, a certificate of a Financial Officer (i) certifying that no
          Event of Default or Default has occurred or, if such an Event of Default or
          Default has occurred, specifying the nature and extent thereof and any
          corrective action taken or proposed to be taken with respect thereto,
          (ii) setting forth computations in reasonable detail satisfactory to the
          Administrative Agent demonstrating compliance with the covenants contained in
          Sections 6.07 and 6.08 and (iii) stating whether any change in GAAP or
          in the application thereof has occurred since the date of the audited financial
          statements referred to in Section 3.05 and, if any such change has
          occurred, specifying the effect of such change on the financial statements
          accompanying such certificate; 



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



     (e)    
          promptly after the receipt thereof by the Borrower or any of its Subsidiaries, a
          copy of any “management letter” received by any such person from its
          certified public accountants and the management’s response thereto; 



     (f)    
          promptly, from time to time, such other information regarding the operations,
          business affairs and financial condition of the Borrower or any Subsidiary, or
          compliance with the terms of this Agreement, as the Administrative Agent or any
          Lender may reasonably request; 



     (g)    
          promptly, following a request by any Lender, all documentation and other
          information that such Lender reasonably requests in order to comply with its
          ongoing obligations under applicable “know your customer” and
          anti-money laundering rules and regulations, including the USA PATRIOT Act. 



SECTION 5.05. Litigation and Other
Notices. In the case of the Borrower, furnish to the Administrative Agent, the Issuing
Bank and each Lender prompt written notice of the following: 



     (a)    
          any Event of Default or Default, specifying the nature and extent thereof and
          the corrective action (if any) taken or proposed to be taken with respect
          thereto; 



     (b)    
          the filing or commencement of, or any written threat or notice of intention of
          any person to file or commence, any action, suit or proceeding, whether at law
          or in equity or by or before any Governmental Authority, against the Borrower or
          any Affiliate thereof that could reasonably be expected to result in a Material
          Adverse Effect; 



     (c)    
          any change in the rating by S&P of the Index Debt; and 



     (d)    
          the occurrence of any ERISA Event that, alone or together with any other ERISA
          Events that have occurred, could reasonably be expected to result in a Material
          Adverse Effect. 



SECTION 5.06. Maintaining Records;
Access to Properties and Inspections. Keep books of record and account in conformity
with GAAP and all requirements of law in relation to its business and activities. The
Borrower will, and will cause each of its Subsidiaries to, permit any representatives
designated by the Administrative Agent or any Lender, upon reasonable prior notice, to
visit and inspect the financial records and the properties of the Borrower or any
Subsidiary at reasonable times and as often as reasonably requested and to make extracts
from and copies of such financial records, and permit any representatives designated by
the Administrative Agent or any Lender to discuss the affairs, finances and condition of
the Borrower or any Subsidiary with the officers thereof and independent accountants
therefor. 



SECTION 5.07. Use of Proceeds.
Use the proceeds of the Loans and request the issuance of Letters of Credit only for the
purposes set forth in the preamble to this Agreement. 




ARTICLE VI 




Negative Covenants 



        The
Borrower covenants and agrees with each Lender that, until the Commitments have been
terminated and the principal of and interest on each Loan, all Fees and all other expenses
or amounts payable hereunder have been paid in full and all Letters of Credit have been
canceled or have expired and all amounts drawn thereunder have been reimbursed in full,
unless the Required Lenders shall otherwise consent in writing, the Borrower will not, and
will not cause or permit any of the Subsidiaries to: 


SECTION 6.01.     Subsidiary  Indebtedness.  With respect to the  Subsidiaries,  incur,  create,  issue,  assume or permit to exist any
Indebtedness or preferred stock, except:


     (a)    
          Indebtedness or preferred stock existing on the date hereof and having an
          aggregate principal amount (or, in the case of preferred stock, an aggregate
          liquidation preference) of less than $25,000,000 in the aggregate and, in the
          case of any such Indebtedness, any extensions, renewals or replacements thereof
          to the extent the principal amount of such Indebtedness is not increased, and
          such Indebtedness, if subordinated to the Loans, remains so subordinated on
          terms no less favorable to the Lenders, and the original obligors in respect of
          such Indebtedness remain the only obligors thereon; 



     (b)    
          Indebtedness created or existing hereunder; 



     (c)    
          intercompany Indebtedness or preferred stock to the extent owing to or held by
          the Borrower or another Subsidiary; 



     (d)    
          Indebtedness of any Subsidiary incurred to finance the acquisition, construction
          or improvement of any fixed or capital assets, and extensions, renewals and
          replacements of any such Indebtedness that do not increase the outstanding
          principal amount thereof; provided that (i) such Indebtedness is
          incurred prior to or within 180 days after such acquisition or the
          completion of such construction or improvement and (ii) the aggregate
          principal amount of Indebtedness permitted by this Section 6.01(d), when
          combined with the aggregate principal amount of all Capital Lease Obligations
          incurred pursuant to Section 6.01(e) and then outstanding and all
          Indebtedness incurred pursuant to Section  6.01(f) and then
          outstanding, shall not exceed at the time of incurrence the greater of (x)
          $170,000,000 and (y) 5% of Consolidated Total Assets; 



     (e)    
          Capital Lease Obligations in an aggregate principal amount, when combined with
          the aggregate principal amount of all Indebtedness incurred pursuant to
          Section 6.01(d) and then outstanding and Section 6.01(f) and then
          outstanding, not to exceed at the time of incurrence the greater of (x)
          $170,000,000 and (y) 5% of Consolidated Total Assets; 



     (f)    
          Indebtedness of any person that becomes a Subsidiary after the date hereof;
          provided that (i) such Indebtedness exists at the time such person
          becomes a Subsidiary and is not created in contemplation of or in connection
          with such person becoming a Subsidiary, (ii) immediately before and after
          such person becomes a Subsidiary, no Event of Default or Default shall have
          occurred and be continuing and (iii) the aggregate principal amount of
          Indebtedness permitted by this clause (f), when combined with the aggregate
          principal amount of all Indebtedness incurred pursuant to Section 6.01(d)
          and then outstanding and all Capital Lease Obligations incurred pursuant to
          Section 6.01(e) and then outstanding, shall not exceed at the time of
          incurrence the greater of (x) $170,000,000 and (y) 5% of Consolidated Total
          Assets; 



     (g)    
          Indebtedness under performance bonds or with respect to workers’
          compensation claims, in each case incurred in the ordinary course of business;
          and 



     (h)    
          additional Indebtedness (including attributable Indebtedness in respect of
          sale-leaseback transactions) or preferred stock of the Subsidiaries to the
          extent not otherwise permitted by the foregoing clauses of this Section 6.01 in
          an aggregate principal amount (or, in the case of preferred stock, with an
          aggregate liquidation preference), when combined (without duplication) with the
          amount of obligations of the Borrower and its Subsidiaries secured by Liens
          pursuant to Section 6.02(j) and then outstanding, not to exceed at the time of
          incurrence the greater of (x) $170,000,000 and (y) 5% of Consolidated Total
          Assets. 



SECTION 6.02. Liens. Create,
incur, assume or permit to exist any Lien on any property or assets (including Equity
Interests or other securities of any person, including any Subsidiary) now owned or
hereafter acquired by it or on any income or revenues or rights in respect of any thereof,
except: 



     (a)    
          Liens on property or assets of the Borrower and its Subsidiaries existing on the
          date hereof and encumbering property or assets with a fair market value, and
          securing obligations having an aggregate principal amount, in each case less
          than $25,000,000 in the aggregate; provided that (x) such Liens
          shall secure only those obligations which they secure on the date hereof and
          extensions, renewals and replacements thereof permitted hereunder and
          (y) such Liens shall not apply to any other property or assets of the
          Borrower or any of the Subsidiaries; 



     (b)    
          any Lien existing on any property or asset prior to the acquisition thereof by
          the Borrower or any Subsidiary or existing on any property or asset of any
          person that becomes a Subsidiary after the date hereof prior to the time such
          person becomes a Subsidiary; provided that (i) such Lien is not
          created in contemplation of or in connection with such acquisition or such
          person becoming a Subsidiary, as the case may be, (ii) such Lien does not
          apply to any other property or assets of the Borrower or any Subsidiary and
          (iii) such Lien shall secure only those obligations which it secures on the
          date of such acquisition or the date such person becomes a Subsidiary, as the
          case may be and extensions, renewals and replacements thereof permitted
          hereunder; 



     (c)    
          Liens for taxes not yet due or which are being contested in compliance with
          Section 5.03; 



     (d)    
          carriers’, warehousemen’s, mechanics’, materialmen’s,
          repairmen’s or other like Liens arising in the ordinary course of business
          and securing obligations that are not overdue by more than 90 days or which are
          being contested in compliance with Section 5.03; 



     (e)    
          pledges and deposits made in the ordinary course of business in compliance with
          workmen’s compensation, unemployment insurance and other social security
          laws or regulations; 



     (f)    
          deposits to secure the performance of bids, trade contracts (other than for
          Indebtedness), leases (other than Capital Lease Obligations), statutory
          obligations, surety and appeal bonds, performance bonds and other obligations of
          a like nature, in each case in the ordinary course of business; 



     (g)    
          zoning restrictions, easements, rights-of-way, restrictions on use of real
          property and other similar encumbrances incurred in the ordinary course of
          business which, in the aggregate, are not substantial in amount and do not
          materially detract from the value of the property subject thereto or interfere
          with the ordinary conduct of the business of the Borrower or any of its
          Subsidiaries; 



     (h)    
          purchase money security interests in real property, improvements thereto or
          equipment hereafter acquired (or, in the case of improvements, constructed) by
          the Borrower or any Subsidiary; provided that (i) such security
          interests secure Indebtedness not prohibited by Section 6.01,
          (ii) such security interests are incurred, and the Indebtedness secured
          thereby is created, within 180 days after such acquisition (or
          construction) and (iii) such security interests do not apply to any other
          property or assets of the Borrower or any Subsidiary; 



     (i)    
          Liens in respect of judgments that do not constitute an Event of Default; and 



     (j)    
          Liens not otherwise permitted by the foregoing clauses of this Section 6.02
          securing obligations otherwise permitted by this Agreement in an aggregate
          principal and face amount, when combined (without duplication) with the amount
          of Indebtedness or preferred stock of Subsidiaries incurred pursuant to Section
          6.01(h) and then outstanding, not to exceed at the time of incurrence the
          greater of (x) $170,000,000 and (y) 5% of Consolidated Total Assets. 



SECTION 6.03. Sale and Lease-Back
Transactions. Enter into any arrangement, directly or indirectly, with any person
whereby it shall sell or transfer any property, real or personal, used or useful in its
business, whether now owned or hereafter acquired, and thereafter rent or lease such
property or other property which it intends to use for substantially the same purpose or
purposes as the property being sold or transferred unless (a) the sale of such property is
permitted by Section 6.04 and (b) any Capital Lease Obligations or Liens arising in
connection therewith are permitted by Sections 6.01 and 6.02, respectively. 



SECTION 6.04. Mergers,
Consolidations and Sales of Assets. Merge into or consolidate with any other person,
or permit any other person to merge into or consolidate with it, or sell, transfer, lease
or otherwise dispose of (in one transaction or in a series of transactions) all or
substantially all the assets (whether now owned or hereafter acquired) of the Borrower, or
liquidate or dissolve, except that, if at the time thereof and immediately after giving
effect thereto no Event of Default or Default shall have occurred and be continuing,
(a) any person may merge into the Borrower in a transaction in which the Borrower is
the surviving corporation, (b) any person, other than the Borrower, may merge into or
consolidate with any Subsidiary in a transaction in which the surviving entity is a
Subsidiary and (c) any Subsidiary may liquidate or dissolve if the Borrower
determines in good faith that such liquidation or dissolution is in the best interests of
the Borrower and is not materially disadvantageous to the Lenders. 



SECTION 6.05. Restricted
Payments. Declare or make, or agree to declare or make, directly or indirectly, any
Restricted Payment (including pursuant to any Synthetic Purchase Agreement), or incur any
obligation (contingent or otherwise) to do so if, at the time thereof and immediately
after giving effect thereto, (a) any Default or Event of Default shall have occurred
and be continuing or (b) the Leverage Ratio on the date of such Restricted Payment
would be greater than 2.0 to 1.0; provided, however, that (i) any
Subsidiary may declare and pay dividends or make other distributions ratably to holders of
Equity Interests in it, (ii) the Borrower may declare and pay dividends or make other
distributions of its Equity Interests and (iii) so long as no Default or Event of
Default shall have occurred and be continuing or would result therefrom, the Borrower and
the Subsidiaries may declare and make, directly or indirectly, additional Restricted
Payments to the extent not otherwise permitted by the foregoing clauses of this
Section 6.05 in an aggregate amount not to exceed $100,000,000. 



SECTION 6.06. Business of Borrower
and Subsidiaries. Engage to any material extent in any business or business activity
other than businesses of the type currently conducted by the Borrower and the Subsidiaries
and business activities reasonably related thereto. 



SECTION 6.07. Interest Coverage
Ratio. Permit the Interest Coverage Ratio for any period of four consecutive fiscal
quarters, in each case taken as one accounting period, to be less than 5.0 to 1.0. 



SECTION 6.08. Maximum Leverage
Ratio. Permit the Leverage Ratio on the last day of any period of four consecutive
fiscal quarters, in each case taken as one accounting period, to be greater than 2.5 to
1.0. 



SECTION 6.09. Hedging
Agreements. Enter into any Hedging Agreement other than non-speculative Hedging
Agreements entered into to hedge or mitigate risks to which the Borrower or a Subsidiary
is exposed in the ordinary course of the conduct of its business or the management of its
liabilities. 




ARTICLE VII 




Events of Default 



        In
case of the happening of any of the following events (“Events of
Default”): 



     (a)    
          any representation or warranty made or deemed made in or in connection with this
          Agreement or the Borrowings or issuances of Letters of Credit hereunder, or any
          representation, warranty, statement or information contained in any report,
          certificate, financial statement or other instrument furnished in connection
          with or pursuant to this Agreement, shall prove to have been false or misleading
          in any material respect when so made, deemed made or furnished; 



     (b)    
          default shall be made in the payment of any principal of any Loan or the
          reimbursement with respect to any L/C Disbursement when and as the same shall
          become due and payable, whether at the due date thereof or at a date fixed for
          prepayment thereof or by acceleration thereof or otherwise; 



     (c)    
          default shall be made in the payment of any interest on any Loan or any Fee or
          L/C Disbursement or any other amount (other than an amount referred to in
          (b) above) due under this Agreement, when and as the same shall become due
          and payable, and such default shall continue unremedied for a period of five
          Business Days; 



     (d)    
          default shall be made in the due observance or performance by the Borrower or
          any Subsidiary of any covenant, condition or agreement contained in
          Section 5.01(a) (with respect to the Borrower), 5.05(a) or 5.07 or in
          Article VI; 



     (e)    
          default shall be made in the due observance or performance by the Borrower or
          any Subsidiary of any covenant, condition or agreement contained in this
          Agreement (other than those specified in (b), (c) or (d) above) and such default
          shall continue unremedied for a period of 30 days after notice thereof from the
          Administrative Agent to the Borrower (which notice will be given at the request
          of any Lender); 



     (f)    
          (i) the Borrower or any Material Subsidiary shall fail to pay any principal
          or interest, regardless of amount, due in respect of any Material Indebtedness,
          when and as the same shall become due and payable (after giving effect to any
          applicable grace period), or (ii) any other event or condition occurs
          (after giving effect to any applicable grace period) that results in any
          Material Indebtedness becoming due prior to its scheduled maturity or that
          enables or permits the holder or holders of any Material Indebtedness or any
          trustee or agent on its or their behalf to cause any Material Indebtedness to
          become due, or to require the prepayment, repurchase, redemption or defeasance
          thereof, prior to its scheduled maturity; provided that this
          clause (ii) shall not apply to secured Indebtedness that becomes due as a
          result of the voluntary sale or transfer of the property or assets securing such
          Indebtedness; 



     (g)    
          an involuntary proceeding shall be commenced or an involuntary petition shall be
          filed in a court of competent jurisdiction seeking (i) relief in respect of
          the Borrower or any Material Subsidiary, or of a substantial part of the
          property or assets of the Borrower or a Material Subsidiary, under Title 11
          of the United States Code, as now constituted or hereafter amended, or any other
          Federal, state or foreign bankruptcy, insolvency, receivership or similar law,
          (ii) the appointment of a receiver, trustee, custodian, sequestrator,
          conservator or similar official for the Borrower or any Material Subsidiary or
          for a substantial part of the property or assets of the Borrower or a Material
          Subsidiary or (iii) the winding-up or liquidation of the Borrower or any
          Material Subsidiary; and such proceeding or petition shall continue undismissed
          for 60 days or an order or decree approving or ordering any of the
          foregoing shall be entered; 



     (h)    
          the Borrower or any Material Subsidiary shall (i) voluntarily commence any
          proceeding or file any petition seeking relief under Title 11 of the United
          States Code, as now constituted or hereafter amended, or any other Federal,
          state or foreign bankruptcy, insolvency, receivership or similar law,
          (ii) consent to the institution of, or fail to contest in a timely and
          appropriate manner, any proceeding or the filing of any petition described in
          (g) above, (iii) apply for or consent to the appointment of a receiver,
          trustee, custodian, sequestrator, conservator or similar official for the
          Borrower or any Material Subsidiary or for a substantial part of the property or
          assets of the Borrower or any Material Subsidiary, (iv) file an answer
          admitting the material allegations of a petition filed against it in any such
          proceeding, (v) make a general assignment for the benefit of creditors,
          (vi) become unable, admit in writing its inability or fail generally to pay
          its debts as they become due or (vii) take any action for the purpose of
          effecting any of the foregoing; 



     (i)    
          one or more judgments for the payment of money in an amount in excess of
          $50,000,000 individually or $75,000,000 in the aggregate shall be rendered
          against the Borrower, any Material Subsidiary or any combination thereof and the
          same shall remain undischarged for a period of 30 consecutive days during
          which execution shall not be effectively stayed, or any action shall be legally
          taken by a judgment creditor to levy upon assets or properties of the Borrower
          or any Material Subsidiary to enforce any such judgment; provided,
          however, that any such judgment shall not be an Event of Default under this
          paragraph (i) if and for so long as (i) the entire amount of such judgment in
          excess of $50,000,000 individually or $75,000,000 in the aggregate is covered by
          a valid and binding policy of insurance between the defendant and the insurer
          covering payment thereof and (ii) such insurer, which shall be rated at least
          “A” by A.M. Best Company, has been notified of, and has not disputed
          the claim made for payment of the amount of such judgment; 



     (j)    
          one or more ERISA Events shall have occurred that results in liability of the
          Borrower and its ERISA Affiliates exceeding $50,000,000 individually or
          $75,000,000 in the aggregate; or 



     (k)    
          there shall have occurred a Change in Control; 



then, and in every such event (other
than an event with respect to the Borrower described in paragraph (g) or (h) above),
and at any time thereafter during the continuance of such event, the Administrative Agent
may, and at the request of the Required Lenders shall, by notice to the Borrower, take
either or both of the following actions, at the same or different
times:  (i) terminate forthwith the Commitments and (ii) declare the
Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the
principal of the Loans so declared to be due and payable, together with accrued interest
thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued
hereunder, shall become forthwith due and payable, without presentment, demand, protest or
any other notice of any kind, all of which are hereby expressly waived by the Borrower,
anything contained hereinto the contrary notwithstanding; and in any event with respect to
the Borrower described in paragraph (g) or (h) above, the Commitments shall
automatically terminate and the principal of the Loans then outstanding, together with
accrued interest thereon and any unpaid accrued Fees and all other liabilities of the
Borrower accrued hereunder, shall automatically become due and payable, without
presentment, demand, protest or any other notice of any kind, all of which are hereby
expressly waived by the Borrower, anything contained herein to the contrary
notwithstanding. 




ARTICLE VIII 




The Administrative Agent 



        Each
of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent
its agent and authorizes the Administrative Agent to take such actions on its behalf and
to exercise such powers as are delegated to the Administrative Agent by the terms of this
Agreement, together with such actions and powers as are reasonably incidental thereto. 



        The
bank serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it
were not the Administrative Agent, and such bank and its Affiliates may accept deposits
from, lend money to and generally engage in any kind of business with the Borrower or any
Subsidiary or other Affiliate thereof as if it were not the Administrative Agent
hereunder. 



        The
Administrative Agent shall not have any duties or obligations except those expressly set
forth in this Agreement. Without limiting the generality of the foregoing, (a) the
Administrative Agent shall not be subject to any fiduciary or other implied duties,
regardless of whether a Default has occurred and is continuing, (b) the Administrative
Agent shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated by
this Agreement that the Administrative Agent is required to exercise in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary
under the circumstances as provided in Section 9.08), and (c) except as expressly set
forth herein, the Administrative Agent shall not have any duty to disclose, and shall not
be liable for the failure to disclose, any information relating to the Borrower or any of
the Subsidiaries that is communicated to or obtained by the bank serving as Administrative
Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be
liable for any action taken or not taken by it with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary
under the circumstances as provided in Section 9.08) or in the absence of its own gross
negligence or wilful misconduct. The Administrative Agent shall not be deemed to have
knowledge of any Default unless and until written notice thereof is given to the
Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not
be responsible for or have any duty to ascertain or inquire into (i) any statement,
warranty or representation made in or in connection with this Agreement, (ii) the contents
of any certificate, report or other document delivered thereunder or in connection
therewith, (iii) the performance or observance of any of the covenants, agreements or
other terms or conditions set forth herein, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement or any other agreement, instrument or
document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere
herein, other than to confirm receipt of items expressly required to be delivered to the
Administrative Agent. 



        The
Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document
or other writing believed by it to be genuine and to have been signed or sent by the
proper person. The Administrative Agent may also rely upon any statement made to it orally
or by telephone and believed by it to have been made by the proper person, and shall not
incur any liability for relying thereon. The Administrative Agent may consult with legal
counsel (who may be counsel for the Borrower), independent accountants and other experts
selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. 



        The
Administrative Agent may perform any and all its duties and exercise its rights and powers
by or through any one or more sub-agents appointed by it. The Administrative Agent and any
such sub-agent may perform any and all its duties and exercise its rights and powers by or
through their respective Related Parties. The exculpatory provisions of the preceding
paragraphs shall apply to any such sub-agent and to the Related Parties of each
Administrative Agent and any such sub-agent, and shall apply to their respective
activities in connection with the syndication of the credit facilities provided for herein
as well as activities as Administrative Agent. 



        Subject
to the appointment and acceptance of a successor Administrative Agent as provided below,
the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank
and the Borrower. Upon any such resignation, the Required Lenders shall have the right,
with the consent of the Borrower (such consent not to be unreasonably withheld or
delayed), to appoint a successor. If no successor shall have been so appointed by the
Required Lenders and shall have accepted such appointment within 30 days after the
retiring Administrative Agent gives notice of its resignation, then the retiring
Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint a
successor Administrative Agent which shall be a bank with an office in New York, New York,
or an Affiliate of any such bank, that is acceptable to the Borrower (which shall not
unreasonably withhold its approval). Upon the acceptance of its appointment as
Administrative Agent hereunder by a successor, such successor shall 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 hereunder. The fees payable by the Borrower to a successor Administrative
Agent shall be the same as those payable to its predecessor unless otherwise agreed
between the Borrower and such successor. After the Administrative Agent’s resignation
hereunder, the provisions of this Article VIII and Section 9.05 shall continue in
effect for the benefit of such retiring Administrative Agent, its sub-agents and their
respective Related Parties in respect of any actions taken or omitted to be taken by any
of them while acting as Administrative Agent. 



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



        Anything
herein to the contrary notwithstanding, none of the Lead Arranger or Bookrunner listed on
the cover page hereof shall have any powers, duties or responsibilities under this
Agreement or any other loan document, except in its capacity, as applicable, as the
Administrative Agent or a Lender. 




ARTICLE IX 




Miscellaneous 



SECTION 9.01. Notices. Notices
and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by
telecopy, as follows: 



     (a)    
          if to the Borrower, to it at 358 South Main Street, Burlington, NC 27215,
          Attention of William B. Hayes  (Telecopy No. (336) 227-9410); 



     (b)    
          if to the Administrative Agent, to Credit Suisse, Eleven Madison Avenue, New
          York, NY 10010, Attention of Agency Group Manager (Telecopy No.
          (212) 325- 8304); and 



     (c)    
          if to a Lender, to it at its address (or telecopy number) set forth on
          Schedule 2.01 or in the Assignment and Acceptance pursuant to which such
          Lender shall have become a party hereto. 



All notices and other communications
given to any party hereto in accordance with the provisions of this Agreement shall be
deemed to have been given on the date of receipt. 



SECTION 9.02. Survival of
Agreement. All covenants, agreements, representations and warranties made by the
Borrower herein and in the certificates or other instruments prepared or delivered in
connection with or pursuant to this Agreement shall be considered to have been relied upon
by the Lenders and the Issuing Bank and shall survive the making by the Lenders of the
Loans and the issuance of Letters of Credit by the Issuing Bank, regardless of any
investigation made by the Lenders or the Issuing Bank or on their behalf, and shall
continue in full force and effect as long as the principal of or any accrued interest on
any Loan or any Fee or any other amount payable under this Agreement is outstanding and
unpaid or any Letter of Credit is outstanding and so long as the Commitments have not been
terminated. The provisions of Sections 2.14, 2.16, 2.20 and 9.05 shall remain operative
and in full force and effect regardless of the expiration of the term of this Agreement,
the consummation of the transactions contemplated hereby, the repayment of any of the
Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the
invalidity or unenforceability of any term or provision of this Agreement, or any
investigation made by or on behalf of the Administrative Agent, any Lender or the Issuing
Bank. 



SECTION 9.03. Binding Effect.
This Agreement shall become effective when it shall have been executed by the Borrower and
the Administrative Agent and when the Administrative Agent shall have received
counterparts hereof which, when taken together, bear the signatures of each of the other
parties hereto. 



SECTION 9.04. Successors and
Assigns. (a) Whenever in this Agreement any of the parties hereto is referred to, such
reference shall be deemed to include the permitted successors and assigns of such party;
and all covenants, promises and agreements by or on behalf of the Borrower, the
Administrative Agent, the Issuing Bank or the Lenders that are contained in this Agreement
shall bind and inure to the benefit of their respective successors and assigns. 



     (b)    
          Each Lender may assign to one or more Eligible Assignees all or a portion of its
          interests, rights and obligations under this Agreement (including all or a
          portion of its Commitment and the Loans at the time owing to it) with the prior
          written consent of the Administrative Agent (and, in the case of any assignment
          of a Revolving Credit Commitment, the Issuing Bank) (which consent shall not be
          unreasonably withheld or delayed); provided, however, that
          (i) except in the case of an assignment from (A) a Revolving Credit Lender
          to a Revolving Credit Lender or an Affiliate of a Revolving Credit Lender or (B)
          a Term Lender to a Lender or an Affiliate of a Lender, (x) the Borrower must
          give its prior written consent to such assignment (which consent shall not be
          unreasonably withheld or delayed); provided, however, that the
          consent of the Borrower shall not be required to any such assignment during the
          continuance of any Event of Default described in paragraph (g) or (h) of
          Article VII, and (y) the amount of the Commitment or Loans of the assigning
          Lender subject to each such assignment (determined as of the date the Assignment
          and Acceptance with respect to such assignment is delivered to the
          Administrative Agent) shall not be less than (A) in the case of Revolving Credit
          Commitments, $5,000,000 and (B) in the case of Term Loan Commitments and Term
          Loans, $1,000,000 (or, in each case, if less, the entire remaining amount of
          such Lender’s applicable Commitment or Loans), (ii) each such
          assignment shall be of a constant, and not a varying, percentage of all the
          assigning Lender’s rights and obligations under this Agreement in respect
          of the Class of Loans or Commitments so assigned, (iii) the parties to each
          such assignment shall execute and deliver to the Administrative Agent an
          Assignment and Acceptance via an electronic settlement system acceptable to the
          Administrative Agent (or, if previously agreed with the Administrative Agent,
          manually), and shall pay to the Administrative Agent a processing and
          recordation fee of $3,500 (which fee may be waived or reduced in the sole
          discretion of the Administrative Agent) and (iv) the assignee, if it shall
          not be a Lender, shall deliver to the Administrative Agent an Administrative
          Questionnaire and applicable tax forms. Upon acceptance and recording pursuant
          to paragraph (e) of this Section 9.04, from and after the effective
          date specified in each Assignment and Acceptance, (A) the assignee thereunder
          shall be a party hereto and, to the extent of the interest assigned by such
          Assignment and Acceptance, have the rights and obligations of a Lender under
          this Agreement and (B) the assigning Lender thereunder shall, to the extent
          of the interest assigned by such Assignment and Acceptance, be released from its
          obligations under this Agreement (and, in the case of an Assignment and
          Acceptance covering all or the remaining portion of an assigning Lender’s
          rights and obligations under this Agreement, such Lender shall cease to be a
          party hereto but shall continue to be entitled to the benefits of
          Sections 2.14, 2.16, 2.20 and 9.05, as well as to any Fees accrued for its
          account and not yet paid). Notwithstanding the foregoing, any Lender assigning
          its rights and obligations under this Agreement may retain any Competitive Loans
          made by it outstanding at such time, and in such case shall retain its rights
          hereunder in respect of any such Loans so retained until such Loans have been
          repaid in full in accordance with this Agreement. 



     (c)    
          By executing and delivering an Assignment and Acceptance, the assigning Lender
          thereunder and the assignee thereunder shall be deemed to confirm to and agree
          with each other and the other parties hereto as
          follows:  (i) such assigning Lender warrants that it is the legal
          and beneficial owner of the interest being assigned thereby free and clear of
          any adverse claim and that its Term Loan Commitment and Revolving Credit
          Commitment, and the outstanding balances of its Term Loans, Revolving Loans and
          Competitive Loans, in each case without giving effect to assignments thereof
          which have not become effective, are as set forth in such Assignment and
          Acceptance, (ii) except as set forth in (i) above, 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, or the financial condition of
          the Borrower or any Subsidiary or the performance or observance by the Borrower
          or any Subsidiary of any of its obligations under this Agreement or any other
          instrument or document furnished pursuant hereto; (iii) such assignee
          represents and warrants that it is an Eligible Assignee and is legally
          authorized to enter into such Assignment and Acceptance; (iv) such assignee
          confirms that it has received a copy of this Agreement, together with copies of
          the most recent financial statements referred to in Section 3.05 or
          delivered pursuant to Section 5.04 and such other documents and information
          as it has deemed appropriate to make its own credit analysis and decision to
          enter into such Assignment and Acceptance; (v) such assignee will
          independently and without reliance upon the Administrative Agent, such assigning
          Lender or any other Lender and based on such documents and information as it
          shall deem appropriate at the time, continue to make its own credit decisions in
          taking or not taking action under this Agreement; (vi) such assignee
          appoints and authorizes the Administrative Agent 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 the obligations which by the terms of
          this Agreement are required to be performed by it as a Lender. 



     (d)    
          The Administrative Agent, acting for this purpose as an agent of the Borrower,
          shall maintain at one of its offices in The City of New York a copy of each
          Assignment and Acceptance delivered to it and a register for the recordation of
          the names and addresses of the Lenders, and the Commitment of, and principal
          amount of the Loans owing to, each Lender pursuant to the terms hereof from time
          to time (the “Register”). The entries in the Register shall be
          conclusive and the Borrower, the Administrative Agent, the Issuing Bank and the
          Lenders may treat each person whose name is recorded in the Register pursuant to
          the terms hereof as a Lender hereunder for all purposes of this Agreement,
          notwithstanding notice to the contrary. The Register shall be available for
          inspection by the Borrower, the Issuing Bank and any Lender, at any reasonable
          time and from time to time upon reasonable prior notice. 



     (e)    
          Upon its receipt of a duly completed Assignment and Acceptance executed by an
          assigning Lender and an assignee, an Administrative Questionnaire completed in
          respect of the assignee (unless the assignee shall already be a Lender
          hereunder), the processing and recordation fee referred to in paragraph (b)
          above and, if required, the written consent of the Borrower, the Issuing Bank
          and the Administrative Agent to such assignment, the Administrative Agent shall
          (i) accept such Assignment and Acceptance and (ii) record the
          information contained therein in the Register. No assignment shall be effective
          unless it has been recorded in the Register as provided in this
          paragraph (e). 



     (f)    
          Each Lender may without the consent of the Borrower, the Issuing Bank or the
          Administrative Agent sell participations to one or more banks or other entities
          in all or a portion of its rights and obligations under this Agreement
          (including all or a portion of its Commitment and the Loans owing to it);
          provided, however, that (i) such Lender’s obligations
          under this Agreement shall remain unchanged, (ii) such Lender shall remain
          solely responsible to the other parties hereto for the performance of such
          obligations, (iii) the participating banks or other entities shall be
          entitled to the benefit of the cost protection provisions contained in
          Sections 2.14, 2.16 and 2.20 to the same extent as if they were Lenders
          (but, with respect to any particular participant and the amount of its
          participation, to no greater extent than the Lender that sold the participation
          to such participant) and (iv) the Borrower, the Administrative Agent, the
          Issuing Bank and the Lenders shall continue to deal solely and directly with
          such Lender in connection with such Lender’s rights and obligations under
          this Agreement, and such Lender shall retain the sole right to enforce the
          obligations of the Borrower relating to the Loans or L/C Disbursements and to
          approve any amendment, modification or waiver of any provision of this Agreement
          (other than amendments, modifications or waivers decreasing any fees payable
          hereunder or the amount of principal of or the rate at which interest is payable
          on the Loans, extending any scheduled principal payment date or date fixed for
          the payment of interest on the Loans or increasing or extending the
          Commitments). 



     (g)    
          Any Lender or participant may, in connection with any assignment or
          participation or proposed assignment or participation pursuant to this
          Section 9.04, disclose to the assignee or participant or proposed assignee
          or participant any information relating to the Borrower furnished to such Lender
          by or on behalf of the Borrower; provided that, prior to any such
          disclosure of information designated by the Borrower as confidential, each such
          assignee or participant or proposed assignee or participant shall execute an
          agreement whereby such assignee, assignee or participant shall agree (subject to
          customary exceptions) to preserve the confidentiality of such confidential
          information on terms no less restrictive than those applicable to the Lenders
          pursuant to Section 9.16. 



     (h)    
          Any Lender may at any time assign all or any portion of its rights under this
          Agreement to secure extensions of credit to such Lender or in support of
          obligations owed by such Lender; provided that no such assignment shall
          release a Lender from any of its obligations hereunder or substitute any such
          assignee for such Lender as a party hereto. 



     (i)    
          Notwithstanding anything to the contrary contained herein, any Lender (a
          “Granting Lender”) may grant to a special purpose funding
          vehicle (an “SPC”), identified as such in writing from time to
          time by the Granting Lender to the Administrative Agent and the Borrower, the
          option to provide to the Borrower all or any part of any Loan that such Granting
          Lender would otherwise be obligated to make to the Borrower pursuant to this
          Agreement; provided that (i) nothing herein shall constitute a
          commitment by any SPC to make any Loan and (ii) if an SPC elects not to
          exercise such option or otherwise fails to provide all or any part of such Loan,
          the Granting Lender shall be obligated to make such Loan pursuant to the terms
          hereof. The making of a Loan by an SPC hereunder shall utilize the Commitment of
          the Granting Lender to the same extent, and as if, such Loan were made by such
          Granting Lender. Each party hereto hereby agrees that no SPC shall be liable for
          any indemnity or similar payment obligation under this Agreement (all liability
          for which shall remain with the Granting Lender). In furtherance of the
          foregoing, each party hereto hereby agrees (which agreement shall survive the
          termination of this Agreement) that, prior to the date that is one year and one
          day after the payment in full of all outstanding commercial paper or other
          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 of America or any State thereof. In addition, notwithstanding anything to
          the contrary contained in this Section 9.04, any SPC may (i) with notice
          to, but without the prior written consent of, the 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
          financial institutions (consented to by the Borrower and 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. 



     (j)    
          The Borrower shall not assign or delegate any of its rights or duties hereunder
          without the prior written consent of the Administrative Agent, the Issuing Bank
          and each Lender, and any attempted assignment without such consent shall be null
          and void. 



     (k)    
          In the event that S&P, Moody’s or Thompson’s BankWatch (or
          InsuranceWatch Ratings Service, in the case of Lenders that are insurance
          companies (or Best’s Insurance Reports, if such insurance company is not
          rated by Insurance Watch Ratings Service)) shall, after the date that any Lender
          becomes a Revolving Credit Lender, downgrade the long-term certificate of
          deposit ratings of such Lender, and the resulting ratings shall be below BBB-,
          Baa3 and C (or BB, in the case of a Lender that is an insurance company (or B,
          in the case of an insurance company not rated by InsuranceWatch Ratings
          Service)) (or, with respect to any Revolving Credit Lender that is not rated by
          any such ratings service or provider, the Issuing Bank shall have reasonably
          determined that there has occurred a material adverse change in the financial
          condition of any such Lender, or a material impairment of the ability of any
          such Lender to perform its obligations hereunder, as compared to such condition
          or ability as of the date that any such Lender became a Revolving Credit
          Lender), then the Issuing Bank shall have the right, but not the obligation, at
          its own expense, upon notice to such Lender and the Administrative Agent, to
          replace (or to request the Borrower to use its reasonable efforts to replace)
          such Lender with an Eligible Assignee (in accordance with and subject to the
          restrictions contained in paragraph (b) above), and such Lender hereby
          agrees to transfer and assign without recourse (in accordance with and subject
          to the restrictions contained in paragraph (b) above) all its interests,
          rights and obligations in respect of its Revolving Credit Commitment to such
          Eligible Assignee; provided, however, that (i) no such
          assignment shall conflict with any law, rule and regulation or order of any
          Governmental Authority and (ii) the Issuing Bank or such Eligible Assignee,
          as the case may be, shall pay to such Lender in immediately available funds on
          the date of such assignment the principal of and interest accrued to the date of
          payment on the Loans made by such Lender hereunder and all other amounts accrued
          for such Lender’s account or owed to it hereunder. Each Lender hereby
          grants to the Administrative Agent an irrevocable power of attorney (which power
          is coupled with an interest) to execute and deliver, on behalf of such Lender as
          assignor, any Assignment and Acceptance necessary to effectuate any assignment
          of such Lender’s interests hereunder in the circumstances contemplated by
          this paragraph (k). 



SECTION 9.05. Expenses;
Indemnity. (a) The Borrower agrees to pay all reasonable out-of-pocket expenses
incurred by the Administrative Agent and the Issuing Bank in connection with the
syndication of the credit facilities provided for herein and the preparation and
administration of this Agreement or in connection with any amendments, modifications or
waivers of the provisions hereof (whether or not the transactions hereby or thereby
contemplated shall be consummated) or incurred by the Administrative Agent or any Lender
in connection with the enforcement or protection of its rights in connection with this
Agreement or in connection with the Loans made or Letters of Credit issued hereunder,
including the reasonable fees, charges and disbursements of Cravath, Swaine &
Moore LLP, counsel for the Administrative Agent, and, in connection with any such
enforcement or protection, the reasonable fees, charges and disbursements of any other
counsel for the Administrative Agent or any Lender. 



     (b)    
          The Borrower agrees to indemnify the Administrative Agent, each Lender, the
          Issuing Bank and each Related Party of any of the foregoing persons (each such
          person being called an “Indemnitee”) against, and to hold each
          Indemnitee harmless from, any and all losses, claims, damages, liabilities,
          penalties and related expenses, including reasonable counsel fees, charges and
          disbursements, incurred by or asserted against any Indemnitee (other than Taxes,
          Other Taxes or amounts that would be Other Taxes if imposed by the United States
          of America or any political subdivision thereof) arising out of, in any way
          connected with, or as a result of (i) the execution or delivery of this
          Agreement or any agreement or instrument contemplated thereby, the performance
          by the parties thereto of their respective obligations thereunder or the
          consummation of the Transactions and the other transactions contemplated
          thereby, (ii) the use of the proceeds of the Loans or issuance of Letters
          of Credit, or (iii) any claim, litigation, investigation or proceeding
          relating to any of the foregoing, whether or not any Indemnitee is a party
          thereto; provided that such indemnity shall not, as to any Indemnitee, be
          available to the extent that such losses, claims, damages, liabilities,
          penalties or related expenses (x) are determined by a court of competent
          jurisdiction by final and nonappealable judgment (a “Final
          Judgment”) to have resulted from the gross negligence or wilful
          misconduct of such Indemnitee or (y) arise from any legal proceedings
          commenced against any Lender by any other Lender (other than legal proceedings
          against the Administrative Agent or the Issuing Bank in its capacity as such) or
          in which a Final Judgment is rendered in the Borrower’s favor against such
          Indemnitee. 



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



     (d)    
          To the extent permitted by applicable law, the Borrower shall not assert, and
          hereby waives, any claim against any Indemnitee, on any theory of liability, for
          special, indirect, consequential or punitive damages (as opposed to direct or
          actual damages) arising out of, in connection with, or as a result of, this
          Agreement or any agreement or instrument contemplated hereby, the Transactions,
          any Loan or Letter of Credit or the use of the proceeds thereof. 



     (e)    
          All amounts due under this Section 9.05 shall be payable not later than 15
          days after written demand therefor. 



SECTION 9.06. Right of Setoff.
If an Event of Default shall have occurred and be continuing, each Lender is hereby
authorized at any time and from time to time, except to the extent prohibited 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 to or for
the credit or the account of the Borrower against any of and all the obligations of the
Borrower now or hereafter existing under this Agreement held by such Lender, irrespective
of whether or not such Lender shall have made any demand under this Agreement and although
such obligations may be unmatured. The rights of each Lender under this Section 9.06
are in addition to other rights and remedies (including other rights of setoff) which such
Lender may have. 



SECTION 9.07. Applicable Law.
THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK. EACH LETTER OF CREDIT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN
ACCORDANCE WITH, THE LAWS OR RULES DESIGNATED IN SUCH LETTER OF CREDIT, OR IF NO SUCH LAWS
OR RULES ARE DESIGNATED, THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS MOST
RECENTLY PUBLISHED AND IN EFFECT, ON THE DATE SUCH LETTER OF CREDIT WAS ISSUED, BY THE
INTERNATIONAL CHAMBER OF COMMERCE (THE “UNIFORM CUSTOMS”) AND, AS TO MATTERS NOT
GOVERNED BY THE UNIFORM CUSTOMS, THE LAWS OF THE STATE OF NEW YORK. 



SECTION 9.08. Waivers;
Amendment. (a) No failure or delay of the Administrative Agent, any Lender or the
Issuing Bank in exercising any power or right hereunder shall operate as a waiver thereof,
nor shall any single or partial exercise of any such right or power, or any abandonment or
discontinuance of steps to enforce such a right or power, preclude any other or further
exercise thereof or the exercise of any other right or power. The rights and remedies of
the Administrative Agent, the Issuing Bank and the Lenders hereunder are cumulative and
are not exclusive of any rights or remedies that they would otherwise have. No waiver of
any provision of this Agreement or consent to any departure by the Borrower therefrom
shall in any event be effective unless the same shall be permitted by paragraph (b)
below, and then such waiver or consent shall be effective only in the specific instance
and for the purpose for which given. No notice or demand on the Borrower in any case shall
entitle the Borrower to any other or further notice or demand in similar or other
circumstances. 



     (b)    
          Neither this Agreement nor any provision hereof may be waived, amended or
          modified except pursuant to an agreement or agreements in writing entered into
          by the Borrower and the Required Lenders; provided, however, that
          no such agreement shall (i) decrease the principal amount of, or
          extend the maturity of or any scheduled principal payment date or date for the
          payment of any interest on any Loan or any date for reimbursement of an L/C
          Disbursement, or waive or excuse any such payment or any part thereof, or
          decrease the rate of interest on any Loan or L/C Disbursement, without the prior
          written consent of each Lender affected thereby, (ii) increase or
          extend the Commitment or decrease or extend the date for payment of any Fees of
          any Lender without the prior written consent of such
          Lender, (iii) amend or modify the pro rata requirements of
          Section 2.17, the provisions of Section 9.04(j), the provisions of this
          Section 9.08 or the definition of the term “Required Lenders”, without
          the prior written consent of each Lender (iv) change the provisions of this
          Agreement in a manner that by its terms treats Lenders holding Loans of one
          Class differently and adversely from Lenders holding Loans of any other Class
          with respect to payments due without the prior written consent of  Lenders
          holding a majority in interest of the outstanding Loans and unused Commitments
          of each adversely affected Class or (v) modify the protections afforded to an
          SPC pursuant to the provisions of Section 9.04(i) without the written consent of
          such SPC; provided further that no such agreement shall amend, modify or
          otherwise affect the rights or duties of the Administrative Agent or the Issuing
          Bank hereunder without the prior written consent of the Administrative Agent or
          the Issuing Bank. 



SECTION 9.09. Interest Rate
Limitation. Notwithstanding anything herein to the contrary, if at any time the
interest rate applicable to any Loan or participation in any L/C Disbursement, together
with all fees, charges and other amounts which are treated as interest on such Loan or
participation in such L/C Disbursement under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum
Rate”) which may be contracted for, charged, taken, received or reserved by the
Lender holding such Loan or participation in accordance with applicable law, the rate of
interest payable in respect of such Loan or participation hereunder, together with all
Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the
extent lawful, the interest and Charges that would have been payable in respect of such
Loan or participation but were not payable as a result of the operation of this
Section 9.09 shall be cumulated and the interest and Charges payable to such Lender
in respect of other Loans or participations or periods shall be increased (but not above
the Maximum Rate therefor) until such cumulated amount, together with interest thereon at
the Federal Funds Effective Rate to the date of repayment, shall have been received by
such Lender. 



SECTION 9.10. Entire
Agreement. This Agreement and the Fee Letter constitute the entire contract between
the parties relative to the subject matter hereof. Any other previous agreement among the
parties with respect to the subject matter hereof is superseded by this Agreement. Nothing
in this Agreement, expressed or implied, is intended to confer upon any person (other than
the parties hereto, their respective successors and assigns permitted hereunder (including
any Affiliate of the Issuing Bank that issues any Letter of Credit) and, to the extent
expressly contemplated hereby, the Related Parties of each of the Administrative Agent,
the Issuing Bank and the Lenders) any rights, remedies, obligations or liabilities under
or by reason of this Agreement. 



SECTION 9.11. WAIVER OF JURY
TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR
INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.11. 



SECTION 9.12. Severability. In
the event any one or more of the provisions contained in this Agreement should be held
invalid, illegal or unenforceable in any respect, the validity, legality and
enforceability of the remaining provisions contained herein and therein shall not in any
way be affected or impaired thereby (it being understood that the invalidity of a
particular provision in a particular jurisdiction shall not in and of itself affect the
validity of such provision in any other jurisdiction). The parties shall endeavor in
good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the
invalid, illegal or unenforceable provisions. 



SECTION 9.13. Counterparts.
This Agreement may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original but all of which when
taken together shall constitute a single contract, and shall become effective as provided
in Section 9.03. Delivery of an executed signature page to this Agreement by
facsimile transmission shall be as effective as delivery of a manually signed counterpart
of this Agreement. 



SECTION 9.14. Headings.
Article and Section headings and the Table of Contents used herein are for convenience of
reference only, are not part of this Agreement and are not to affect the construction of,
or to be taken into consideration in interpreting, this Agreement. 



SECTION 9.15. Jurisdiction;
Consent to Service of Process. (a) The Borrower hereby irrevocably and unconditionally
submits, for itself and its property, to the nonexclusive jurisdiction of any
New York State court or Federal court of the United States of America sitting in
New York City, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to this Agreement, or for recognition or enforcement of any
judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees
that all claims in respect of any such action or proceeding may be heard and determined in
such New York State or, to the extent permitted by law, in such Federal court. Each
of the parties hereto agrees that a final judgment in any such action or proceeding shall
be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. Nothing in this Agreement shall affect any right that the
Administrative Agent, the Issuing Bank or any Lender may otherwise have to bring any
action or proceeding relating to this Agreement against the Borrower or its properties in
the courts of any jurisdiction. 



     (b)    
          The Borrower hereby irrevocably and unconditionally waives, to the fullest
          extent it may legally and effectively do so, any objection which it may now or
          hereafter have to the laying of venue of any suit, action or proceeding arising
          out of or relating to this Agreement in any New York State or Federal
          court. Each of the parties hereto hereby irrevocably waives, to the fullest
          extent permitted by law, the defense of an inconvenient forum to the maintenance
          of such action or proceeding in any such court. 



     (c)    
          Each party to this Agreement irrevocably consents to service of process in the
          manner provided for notices in Section 9.01. Nothing in this Agreement will
          affect the right of any party to this Agreement to serve process in any other
          manner permitted by law. 



SECTION 9.16. Confidentiality.
Each of the Administrative Agent, the Issuing Bank and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be
disclosed (a) to its and its Affiliates’ officers, directors, employees and
agents, including accountants, legal counsel and other advisors who need to know such
Information in connection with its role as Administrative Agent, Issuing Bank or Lender
(as the case may be) hereunder (it being understood that the persons to whom such
disclosure is made will be informed of the confidential nature of such Information and
instructed to keep such Information confidential), (b) to the extent requested by any
regulatory authority or quasi-regulatory authority (such as the National Association of
Insurance Commissioners) (provided that, to the extent permitted by applicable law
and practicable under the circumstances, such person will first inform the Borrower of any
such request), (c) to the extent required by applicable laws or regulations or by any
subpoena or similar legal process (provided that, to the extent permitted by
applicable law, such person will promptly notify the Borrower of such requirement as far
in advance of its disclosure as is practicable to enable the Borrower to seek a protective
order and, to the extent practicable, such person will cooperate with the Borrower in
seeking any such order), (d) in connection with the exercise of any remedies hereunder or
any suit, action or proceeding relating to the enforcement of its rights hereunder,
(e) subject to an agreement containing provisions substantially the same as those of
this Section 9.16, to (i) any actual or prospective assignee of or participant in any
of its rights or obligations under this Agreement or (ii) any actual or prospective
counterparty (or its advisors) to any credit default swap or similar credit derivative
transaction relating to the obligations of the Borrower under this Agreement,
(f) with the consent of the Borrower or (g) to the extent such Information
becomes publicly available other than as a result of a breach of this Section 9.16.
For the purposes of this Section, “Information” shall mean all
information received from the Borrower and related to the Borrower or its business, other
than any such information that was available to the Administrative Agent, the Issuing Bank
or any Lender on a nonconfidential basis prior to its disclosure by the Borrower. Each of
the Administrative Agent, the Issuing Bank and the Lenders agrees that, except as
expressly provided in this Section 9.16, it will use Information only in connection with
its role as Administrative Agent, Issuing Bank or Lender (as the case may be) hereunder. 



SECTION 9.17. Termination of
Existing Credit Agreement. The Borrower and each of the Lenders that is also a Lender
(as defined in the Existing Credit Agreement) party to the Existing Credit Agreement agree
that the Commitments (as defined in such Existing Credit Agreement) shall be terminated in
their entirety on the Closing Date in accordance with the terms thereof, subject only to
this Section 9.17. Each of such Lenders waives (a) any requirement of notice of such
termination pursuant to the Existing Credit Agreement and (b) any claim to any facility
fees under the Existing Credit Agreement for any day on or after the Closing Date. The
Borrower (i) represents and warrants that (x) after giving effect to the preceding
sentences of this Section 9.17, the commitments under the Existing Credit Agreement will
be terminated effective not later than the Closing Date and (y) no loans will be, as of
the Closing Date, outstanding under the Existing Credit Agreement and (ii) covenants that
all accrued and unpaid facility fees and other amounts due and payable under the Existing
Credit Agreement shall have been paid on or prior to the Closing Date. 



SECTION 9.18. USA PATRIOT Act
Notice. Each Lender and the Administrative Agent (for itself and not on behalf of any
Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT
Act, it is required to obtain, verify and record information that identifies the Borrower,
which information includes the name and address of the Borrower and other information that
will allow such Lender or the Administrative Agent, as applicable, to identify the
Borrower in accordance with the USA PATRIOT Act. 









        IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 



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LABORATORY CORPORATION OF
AMERICA HOLDINGS,
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by:
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Name:
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Title:


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CREDIT SUISSE, CAYMAN ISLANDS BRANCH, individually and as Administrative Agent and Lender,
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by:
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Name:
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Title:

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by:
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Name:
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Title:











SIGNATURE  PAGE TO LABORATORY  CORPORATION OF AMERICA  HOLDINGS  CREDIT
AGREEMENT DATED AS OF THE DATE AND YEAR FIRST WRITTEN ABOVE


NAME OF LENDER:


by
Name:
Title:




SIGNATURE  PAGE TO LABORATORY  CORPORATION OF AMERICA  HOLDINGS  CREDIT
AGREEMENT DATED AS OF THE DATE AND YEAR FIRST WRITTEN ABOVE


NAME OF LENDER:


by
Name:
Title:


by
Name:
Title:
Name:
Title: