Credit Agreement



  
 Confidential treatment requested. Confidential portions of this document have been
redacted and are subject of a 
 request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934 and 
 have been filed separately with the Securities and Exchange Commission. 
  
 Exhibit 10(i) 
  
 
 
 $225,000,000 CREDIT AGREEMENT 
  
 dated as of November 26, 2002 
  
 among 
  
 NDCHEALTH
CORPORATION, 
 as the Borrower, 
  
 MERRILL LYNCH CAPITAL, 
 a division of Merrill Lynch Business Financial Services Inc., 
 as Administrative Agent and Swing Line Lender, 
  
 CREDIT SUISSE FIRST
BOSTON, 
 as Syndication Agent, 
  
 BANK OF AMERICA, N.A., 
 as Documentation Agent, 
  
 LASALLE BANK NATIONAL ASSOCIATION 
 as L/C Issuer, 
  

and 
  
 The Other Lenders Party Hereto

  
 
 
 MERRILL LYNCH & CO.,

 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED AND 
 CREDIT SUISSE FIRST BOSTON, 
 as Joint Lead Arrangers and Joint Bookrunners 
  
 
 
 

 








  
 TABLE OF CONTENTS 
  
 
	 ARTICLE I.  DEFINITIONS AND ACCOUNTING TERMS
 	  	 1
 
	       1.01
 	  	 Defined Terms
 	  	 1
 
	       1.02
 	  	 Other Interpretive Provisions
 	  	 27
 
	       1.03
 	  	 Accounting Terms
 	  	 27
 
	       1.04
 	  	 Rounding
 	  	 28
 
	       1.05
 	  	 References to Agreements and Laws
 	  	 28
 
	       1.06
 	  	 Times of Day
 	  	 28
 
	       1.07
 	  	 Letter of Credit Amounts
 	  	 28
 
	 
	 ARTICLE II.  THE COMMITMENTS AND CREDIT EXTENSIONS
 	  	 28
 
	       2.01
 	  	 Loans
 	  	 28
 
	       2.02
 	  	 Committed Borrowings, Conversions and Continuations of Loans
 	  	 29
 
	       2.03
 	  	 Letters of Credit
 	  	 30
 
	       2.04
 	  	 Swing Line Loans
 	  	 37
 
	       2.05
 	  	 Voluntary Prepayments
 	  	 39
 
	       2.06
 	  	 Mandatory Prepayments
 	  	 40
 
	       2.07
 	  	 Termination or Reduction of Commitments
 	  	 41
 
	       2.08
 	  	 Repayment of Loans
 	  	 42
 
	       2.09
 	  	 Interest
 	  	 43
 
	       2.10
 	  	 Fees
 	  	 44
 
	       2.11
 	  	 Computation of Interest and Fees
 	  	 44
 
	       2.12
 	  	 Evidence of Debt
 	  	 44
 
	       2.13
 	  	 Payments Generally
 	  	 45
 
	       2.14
 	  	 Sharing of Payments
 	  	 47
 
	       2.15
 	  	 Defaulting Lenders
 	  	 48
 
	 
	 ARTICLE III.  TAXES, YIELD PROTECTION AND ILLEGALITY
 	  	 49
 
	       3.01
 	  	 Taxes
 	  	 49
 
	       3.02
 	  	 Illegality
 	  	 50
 
	       3.03
 	  	 Inability to Determine Rates
 	  	 51
 
	       3.04
 	  	 Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Rate Loans
 	  	 51
 
	       3.05
 	  	 Funding Losses
 	  	 52
 
	       3.06
 	  	 Matters Applicable to all Requests for Compensation
 	  	 52
 
	       3.07
 	  	 Survival
 	  	 52
 
	       3.08
 	  	 Mitigation of Obligations
 	  	 52
 
	 
	 ARTICLE IV.  CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
 	  	 53
 
	       4.01
 	  	 Conditions of Initial Credit Extension
 	  	 53
 
	       4.02
 	  	 Conditions to all Credit Extensions
 	  	 58
 
	 
	 ARTICLE V.  REPRESENTATIONS AND WARRANTIES
 	  	 58
 
	       5.01
 	  	 Existence, Qualification and Power
 	  	 58
 
	       5.02
 	  	 Authorization; No Contravention
 	  	 59
 
	       5.03
 	  	 Governmental Authorization; Other Consents
 	  	 59
 
	       5.04
 	  	 Binding Effect
 	  	 59
 
	       5.05
 	  	 Financial Statements; No Material Adverse Effect
 	  	 59
 
	       5.06
 	  	 Litigation
 	  	 60
 

 

 
 i 








 
	       5.07
 	  	 No Default
 	  	 60
 
	       5.08
 	  	 Ownership of Property; Liens
 	  	 60
 
	       5.09
 	  	 Environmental Compliance
 	  	 60
 
	       5.10
 	  	 Insurance
 	  	 61
 
	       5.11
 	  	 Payment of Taxes, Etc.
 	  	 61
 
	       5.12
 	  	 ERISA Compliance
 	  	 61
 
	       5.13
 	  	 Subsidiaries; Equity Interests
 	  	 62
 
	       5.14
 	  	 Margin Regulations; Investment Company Act; Public Utility Holding Company Act
 	  	 62
 
	       5.15
 	  	 Disclosure
 	  	 62
 
	       5.16
 	  	 Compliance with Laws
 	  	 62
 
	       5.17
 	  	 Intellectual Property; Licenses, Etc.
 	  	 62
 
	       5.18
 	  	 Perfection of Security Interests
 	  	 63
 
	       5.19
 	  	 Solvency
 	  	 63
 
	       5.20
 	  	 Casualty, Force Majeure, Etc.
 	  	 63
 
	       5.21
 	  	 Existing Debt
 	  	 63
 
	       5.22
 	  	 Surviving Debt
 	  	 63
 
	       5.23
 	  	 Existing Liens
 	  	 63
 
	       5.24
 	  	 Leased Real Property
 	  	 63
 
	       5.25
 	  	 Investments
 	  	 64
 
	       5.26
 	  	 Material Contracts, Etc
 	  	 64
 
	       5.27
 	  	 Licenses, Permits, Etc.
 	  	 64
 
	       5.28
 	  	 Labor Relations
 	  	 64
 
	       5.29
 	  	 Senior Indebtedness
 	  	 64
 
	       5.30
 	  	 Compliance with HIPAA.
 	  	 64
 
	 
	 ARTICLE VI.  AFFIRMATIVE COVENANTS
 	  	 64
 
	       6.01
 	  	 Financial Statements
 	  	 65
 
	       6.02
 	  	 Certificates; Other Information
 	  	 65
 
	       6.03
 	  	 Notices
 	  	 68
 
	       6.04
 	  	 Payment of Obligations
 	  	 69
 
	       6.05
 	  	 Preservation of Existence, Etc.
 	  	 69
 
	       6.06
 	  	 Maintenance of Properties
 	  	 69
 
	       6.07
 	  	 Maintenance of Insurance
 	  	 69
 
	       6.08
 	  	 Compliance with Laws
 	  	 69
 
	       6.09
 	  	 Books and Records
 	  	 69
 
	       6.10
 	  	 Inspection Rights
 	  	 69
 
	       6.11
 	  	 Use of Proceeds
 	  	 70
 
	       6.12
 	  	 Covenant to Guarantee Obligations and Give Security
 	  	 70
 
	       6.13
 	  	 Further Assurances
 	  	 72
 
	       6.14
 	  	 Performance of TechRx Documents
 	  	 72
 
	       6.15
 	  	 Compliance with Environmental Laws
 	  	 72
 
	       6.16
 	  	 Preparation of Environmental Reports
 	  	 72
 
	       6.17
 	  	 Compliance with Terms of Leaseholds
 	  	 73
 
	       6.18
 	  	 Cash Concentration Accounts
 	  	 73
 
	       6.19
 	  	 Performance of Material Contracts
 	  	 73
 
	       6.20
 	  	 Application of Escrowed Funds
 	  	 73
 
	       6.21
 	  	 NDC Plaza Mortgage
 	  	 73
 

 

 
 ii 








  
 
	 ARTICLE VII.  NEGATIVE COVENANTS
 	  	  
	       7.01
 	  	 Liens
 	  	 74
 
	       7.02
 	  	 Investments
 	  	 75
 
	       7.03
 	  	 Indebtedness
 	  	 76
 
	       7.04
 	  	 Fundamental Changes
 	  	 77
 
	       7.05
 	  	 Dispositions
 	  	 78
 
	       7.06
 	  	 Restricted Payments
 	  	 78
 
	       7.07
 	  	 Change in Nature of Business
 	  	 79
 
	       7.08
 	  	 Transactions with Affiliates
 	  	 79
 
	       7.09
 	  	 Burdensome Agreements
 	  	 79
 
	       7.10
 	  	 Use of Proceeds
 	  	 79
 
	       7.11
 	  	 Financial Covenants
 	  	 79
 
	       7.12
 	  	 Capital Expenditures
 	  	 81
 
	       7.13
 	  	 Lease Obligations
 	  	 81
 
	       7.14
 	  	 Amendments of Organization Documents
 	  	 82
 
	       7.15
 	  	 Accounting Changes
 	  	 82
 
	       7.16
 	  	 Prepayments, Etc., of Indebtedness
 	  	 82
 
	       7.17
 	  	 Amendment, Etc., of Related Documents
 	  	 82
 
	       7.18
 	  	 Partnerships, Etc.
 	  	 82
 
	       7.19
 	  	 Speculative Transactions
 	  	 82
 
	       7.20
 	  	 Formation of Subsidiaries
 	  	 82
 
	       7.21
 	  	 Amendment, Etc., of Material Contracts
 	  	 82
 
	 
	 ARTICLE VIII.  EVENTS OF DEFAULT AND REMEDIES
 	  	 83
 
	       8.01
 	  	 Events of Default
 	  	 83
 
	       8.02
 	  	 Remedies upon Event of Default
 	  	 85
 
	       8.03
 	  	 Application of Funds
 	  	 85
 
	 
	 ARTICLE IX.  ADMINISTRATIVE AGENT AND AGENT-RELATED PERSONS, ETC.
 	  	 86
 
	       9.01
 	  	 Appointment and Authorization of Administrative Agent
 	  	 86
 
	       9.02
 	  	 Delegation of Duties
 	  	 87
 
	       9.03
 	  	 Liability of Administrative Agent, Etc.
 	  	 87
 
	       9.04
 	  	 Reliance by Administrative Agent
 	  	 87
 
	       9.05
 	  	 Notice of Default
 	  	 88
 
	       9.06
 	  	 Credit Decision; Disclosure of Information by Administrative Agent
 	  	 88
 
	       9.07
 	  	 Indemnification of Administrative Agent
 	  	 89
 
	       9.08
 	  	 Administrative Agent in its Individual Capacity
 	  	 89
 
	       9.09
 	  	 Successor Administrative Agent
 	  	 89
 
	       9.10
 	  	 Administrative Agent May File Proofs of Claim
 	  	 90
 
	       9.11
 	  	 Collateral and Guaranty Matters
 	  	 91
 
	       9.12
 	  	 Other Agents; Arrangers and Managers
 	  	 92
 
	 
	 ARTICLE X.  MISCELLANEOUS
 	  	  
	     10.01
 	  	 Amendments, Etc.
 	  	 92
 
	     10.02
 	  	 Notices and Other Communications; Facsimile Copies
 	  	 94
 
	     10.03
 	  	 No Waiver; Cumulative Remedies
 	  	 95
 
	     10.04
 	  	 Attorney Costs, Expenses and Taxes
 	  	 95
 
	     10.05
 	  	 Indemnification by the Borrower
 	  	 96
 
	     10.06
 	  	 Payments Set Aside
 	  	 97
 
	     10.07
 	  	 Successors and Assigns
 	  	 97
 

 

 
 iii 








  
 
	     10.08
 	  	 Confidentiality
 	  	 100
 
	     10.09
 	  	 Set-off
 	  	 101
 
	     10.10
 	  	 Interest Rate Limitation
 	  	 102
 
	     10.11
 	  	 Counterparts
 	  	 102
 
	     10.12
 	  	 Integration
 	  	 102
 
	     10.13
 	  	 Survival of Representations and Warranties
 	  	 102
 
	     10.14
 	  	 Severability
 	  	 102
 
	     10.15
 	  	 Tax Forms
 	  	 103
 
	     10.16
 	  	 TechRx Guaranty
 	  	 104
 
	     10.17
 	  	 Governing Law
 	  	 105
 
	     10.18
 	  	 Waiver of Right to Trial by Jury
 	  	 105
 
	     10.19
 	  	 Binding Effect
 	  	 106
 
	 
	 SIGNATURES
 	  	  	  	 S-1
 

 

 
 iv 








  
 SCHEDULES 
  
  
 
	 II
 	  	 Guarantors
 
	 2.01
 	  	 Commitments and Pro Rata Shares
 
	 5.05
 	  	 Supplement to Interim Financial Statements
 
	 5.08
 	  	 Owned Real Property
 
	 5.13
 	  	 Subsidiaries and Other Equity Investments
 
	 5.17
 	  	 Intellectual Property
 
	 5.21
 	  	 Existing Debt
 
	 5.22
 	  	 Surviving Debt
 
	 5.24
 	  	 Leased Real Property
 
	 5.25
 	  	 Investments
 
	 5.26
 	  	 Material Contracts
 
	 7.01
 	  	 Existing Liens
 
	 10.02
 	  	 Administrative Agent’s Office, Certain Addresses for Notices
 

 
  
 EXHIBITS 
  
 Form of 
  
  
 
	 A
 	  	 Committed Loan Notice
 
	 B
 	  	 Swing Line Loan Notice
 
	 C-1
 	  	 Revolving Credit Note
 
	 C-2
 	  	 Term Note
 
	 C-3
 	  	 Swing Line Note
 
	 D
 	  	 Compliance Certificate
 
	 E
 	  	 Assignment and Assumption
 
	 F
 	  	 Guaranty
 
	 G
 	  	 Opinion Matters
 
	 H
 	  	 Security Agreement
 

 

 
 v 








 CREDIT AGREEMENT 
  
 This CREDIT AGREEMENT is entered into as of November 26, 2002, among NDCHEALTH CORPORATION, a Delaware corporation (the “Borrower”), each lender from time to time party hereto
(collectively, the “Lenders” and individually, a “Lender”), MERRILL LYNCH CAPITAL, a division of Merrill Lynch Business Financial Services Inc. (“MLC”), as Administrative Agent (as defined below)
and as Swing Line Lender, CREDIT SUISSE FIRST BOSTON, as syndication agent (in such capacity, together with any successor thereto, the “Syndication Agent”), BANK OF AMERICA, N.A., as documentation agent (in such capacity, together
with any successor thereto, the “Documentation Agent”), LASALLE BANK NATIONAL ASSOCIATION, as L/C Issuer, and MERRILL LYNCH & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (“ML&Co.”) and CREDIT
SUISSE FIRST BOSTON (“CSFB”), as joint lead arrangers and joint bookrunners (in such capacities, the “Arrangers”). 
  
 PRELIMINARY STATEMENTS 
  
 The Borrower has requested that the
Lenders extend to it a revolving credit facility and a term facility (together, the “Credit Facilities”) in the aggregate principal amount of $225,000,000, and the Lenders are willing to do so but only on the terms and conditions
set forth herein. 
  
 The proceeds from the Credit Facilities will be used, together with the proceeds of the Senior
Subordinated Notes described in the immediately succeeding paragraph, (a) to refinance loans outstanding under the existing $150,000,000 credit facility among the Borrower, the financial institutions party thereto, and SunTrust Bank, as agent (as
amended or otherwise modified prior to the date hereof, the “Existing Credit Facility”) in an aggregate principal amount equal to approximately $91,000,000 plus accrued interest thereon, (b) to deposit funds into an escrow account
(the “Escrow Account”) satisfactory to the Administrative Agent and the Arrangers in an amount sufficient to redeem $143,750,000 of existing 5% convertible subordinated debentures due November 1, 2003 of the Borrower (the
“5% Debentures”) and pay related stated call premiums and interest on the 5% Debentures (the “Escrowed Funds”), (c) to pay related fees and expenses and (d) for working capital and general corporate purposes of the
Borrower and its Subsidiaries. The refinancing of the Existing Credit Facility and the escrow of funds necessary to redeem the 5% Debentures and pay related stated call premiums and interest is hereinafter referred to as the
“Refinancing”. 
  
 Concurrently with the closing of the Credit Facilities and in connection with the
consummation of the Refinancing, the Borrower will, in order to obtain the remaining portion of the financing necessary to consummate the Refinancing, issue and sell Senior Subordinated Notes (as hereinafter defined), in a public or private
placement, in an aggregate principal amount of $200,000,000 on terms and conditions satisfactory to the Administrative Agent and the Arrangers. 
  
 In consideration of the mutual covenants and agreements herein contained, the parties hereto hereby covenant and agree as follows: 
  
 ARTICLE I. 
 DEFINITIONS AND ACCOUNTING TERMS 
  

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

 


 
 1 








  
 “Administrative Agent” means Merrill Lynch Capital, a division
of Merrill Lynch Business Financial Services Inc., in its capacity as administrative agent under any of the Loan Documents, its assignee pursuant to the MLC Affiliate Assignment, or any other successor administrative agent. 
  
 “Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set
forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders. 
  
 “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 
  
 “Affiliate” means, with respect to any 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. “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. Without limiting the generality of the foregoing, a Person shall be deemed to be Controlled by
another Person if such other Person possesses, directly or indirectly, power to vote 5% or more of the securities or other Equity Interests having ordinary voting power for the election of directors, managing general partners or the equivalent.

  
 “Agent-Related Persons” means the Administrative Agent, together with its Affiliates, each
Arranger, together with its Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of each of such Persons and Affiliates. 
  
 “Aggregate Commitments” means the Commitments of all the Lenders. 
  
 “Aggregate Credit Exposures” means, at any time, the sum of (a) the unused portion, if any, of the Revolving Credit Commitment then in effect, (b) the unused portion, if any, of each Term Commitment then in
effect and (c) the Total Outstandings at such time. 
  
 “Agreement” means this Credit Agreement, as
the same may be amended, amended and restated, supplemented or otherwise modified from time to time. 
  
 “Annualized” means: 
  
 (a)    with respect to
the first four full fiscal quarters following the Closing Date and any period thereafter, for purposes of calculating Consolidated Interest Charges and tax expenses, the amount of such Consolidated Interest Charges or tax expenses for the four full
fiscal quarters ending on or prior to such date of determination, and 
  
 (b)    with respect to the first three full fiscal quarters following the Closing Date, 
  
 (i)    for purposes of calculating Consolidated Interest Charges, (A) for the first full fiscal quarter after the Closing Date, Consolidated Interest Charges for such fiscal quarter
plus an amount equal to three times Consolidated Interest Charges for such quarter, (B) for the second full fiscal quarter after the Closing Date, the sum of Consolidated Interest Charges for such fiscal quarter and for the prior
fiscal quarter plus an amount equal to two times Consolidated Interest Charges for such quarters, and (C) for the third full fiscal quarter after the Closing 

 
 2 








 Date, the sum of Consolidated Interest Charges for such fiscal quarter and for the prior two fiscal quarters plus
an amount equal to four times Consolidated Interest Charges for such quarters, divided by three, and 
  
 (ii) for purposes of calculating tax expenses, (A) for the first full fiscal quarter after the Closing Date, tax expenses for such fiscal quarter multiplied by four, (B) for the second full fiscal quarter after the Closing
Date, the sum of tax expenses for such fiscal quarter and for the prior fiscal quarter multiplied by two and (C) for the third full fiscal quarter after the Closing Date, the sum of tax expenses for such fiscal quarter and for the prior two fiscal
quarters multiplied by four and divided by three. 
  
 “Applicable Rate” means (a) with respect to
Term Loans, a percentage per annum equal to (i) for Eurodollar Rate Loans, the Eurodollar Rate then in effect for such Term Loans plus 4.00%; provided in no event shall the Eurodollar Rate (excluding the applicable margin) then in
effect for such Term Loans be less than 2.00% per annum at any time, and (ii) for Base Rate Loans, the Base Rate then in effect for such Term Loans plus 3.00%; (b) with respect to Revolving Credit Loans (including Letters of Credit), a
percentage per annum equal to (i) during the period from the Closing Date to the date of delivery to the Administrative Agent of the Borrower’s financial statements pursuant to Section 6.01(b) for the first two full fiscal quarters of
the Borrower following such date, (x) for Eurodollar Rate Loans, the Eurodollar Rate then in effect for such Revolving Credit Loan (or Letter of Credit, as the case may be) plus 3.25%, and (y) for Base Rate Loans, the Base Rate then in effect
for such Revolving Credit Loan plus 2.25%, and (ii) thereafter, from time to time, the following percentages per annum, based upon the Consolidated Total Leverage Ratio as set forth below and (c) with respect to the Commitment Fee, a
percentage per annum equal to 0.50%: 
  
 
	 Applicable Rate
 
	 
	  	  	  	  	 Eurodollar
 Rate +
 	  	  
	  	  	  	  	 
	  	  
	 Pricing
 Level
 	  	 Consolidated Total Leverage Ratio
 	  	 Letters of
 Credit
 	  	 Base
 Rate
 
	 
	  	 
	  	 
	  	 

	 I
 	  	 Greater than or equal to 3.00:1.00
 	  	 3.25%
 	  	 2.25%
 
	 II
 	  	 Greater than or equal to 2.50:1.00 but less than Level I
 	  	 3.00%
 	  	 2.00%
 
	 III
 	  	 Greater than or equal to 2.00:1.00 but less than Level II
 	  	 2.75%
 	  	 1.75%
 
	 IV
 	  	 Less than 2.00:1.00
 	  	 2.50%
 	  	 1.50%
 

 
  
  

 
 3 








 The Applicable Rate for each Revolving Credit Loan, commissions on Letters of Credit and Commitment Fees shall be determined by reference to the
Consolidated Total Leverage Ratio in effect from time to time; provided, however, that (A) no change in the Applicable Rate shall be effective until five Business Days after the date on which the Administrative Agent receives the
financial statements required to be delivered pursuant to Section 6.01(a) or (b), as the case may be, and a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower demonstrating such Consolidated Total
Leverage Ratio and (B) the Applicable Rate shall be at Pricing Level I for so long as the Borrower has not submitted to the Administrative Agent the information described in clause (A) of this proviso as and when required under Section 6.01(a) or
(b), as the case may be, and, in the case of Revolving Credit Loans and Letters of Credit, for so long as an Event of Default shall have occurred and be continuing if requested by the Required Lenders. 
  
 “Appropriate Lender” means, at any time, with respect to (a) the Term Facility, a Lender that has a Term Commitment at
such time, (b) the Revolving Credit Facility, a Lender that has a Revolving Credit Commitment at such time, (c) the Letter of Credit Sublimit, (i) the L/C Issuer and (ii) if the other Revolving Credit Lenders have made L/C Advances pursuant to
Section 2.03(c) that are outstanding at such time, each such other Revolving Credit Lender, and (d) with respect to the Swing Line Facility, (i) the Swing Line Lender and (ii) if any Swing Line Loans are outstanding pursuant to Section
2.04(a), the Revolving Credit Lenders. 
  
 “Arrangers” has the meaning specified in the heading
hereof. 
  
 “Assignment and Assumption” means an Assignment and Assumption substantially in the form
of Exhibit E. 
  
 “Attorney Costs” means and includes all reasonable fees, expenses and
disbursements or other charges of any law firm or other external counsel actually incurred. 
  
 “Attributable
Indebtedness” means, on any date, (a) in respect of any capital lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of
any Synthetic Lease Obligation, the capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as
a capital lease. 
  
 “Audited Financial Statements” means the audited consolidated balance sheet of
the Borrower and its Subsidiaries for the Fiscal Year ended May 31, 2002, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such Fiscal Year of the Borrower and its Subsidiaries, including
the notes thereto. 
  
 “Availability Period” means the period from (but excluding) the Closing Date
to the earliest of (a) the Maturity Date for the Revolving Credit Facility, (b) the date of termination of the Aggregate Commitments pursuant to Section 2.07, and (c) the date of termination of the commitment of each Revolving Credit Lender
to make Revolving Credit Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions and of the Swing Line Lender to make Swing Line Loans pursuant to Section 8.02. 

 
 4 








  
 “Base Rate” means for any day a fluctuating rate per annum equal
to the higher of (a) the Federal Funds Rate plus  1/2 of 1% and (b) the rate of interest in effect for such day
as publicly announced or established from time to time by the Administrative Agent as its “prime rate.” The “prime rate” is a rate set or established by the Administrative Agent based upon various factors including the
Administrative Agent’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate, and is not necessarily the
lowest rate quoted by the Administrative Agent. Any change in such rate announced by the Administrative Agent shall take effect at the opening of business on the day specified in the public announcement of such change. 

 
 “Base Rate Loan” means a Loan that bears interest at a rate based on the Base Rate. 
  
 “Borrower” has the meaning specified in the heading hereof. 
  
 “Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing or a Term Borrowing, as the context may require. 
  
 “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized or
required to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any Eurodollar Rate Loan, means any such day on which dealings in Dollar deposits are
conducted by and between banks in the London interbank eurodollar market. 
  
 “Cash Collateralize”
has the meaning specified in Section 2.03(g). 
  
 “Cash Equivalents” means any of the
following, to the extent owned by the Borrower or any of its Subsidiaries free and clear of all Liens other than Liens created under the Collateral Documents and having a maturity of not greater than 180 days from the date of issuance thereof: (a)
readily marketable direct obligations of the Government of the United States or any agency or instrumentality thereof or obligations unconditionally guaranteed by the full faith and credit of the Government of the United States, (b) insured
certificates of deposit of or time deposits with any commercial bank that is a Lender or a member of the Federal Reserve System, issues (or the parent of which issues) commercial paper rated as described in clause (c) below, is organized under the
laws of the United States or any State thereof and has combined capital and surplus of at least $1 billion or (c) commercial paper in an aggregate amount of no more than $2,000,000 per issuer outstanding at any time, issued by any corporation
organized under the laws of any State of the United States and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or “A-1” (or the then equivalent grade) by S&P. 
  
 “Change of Control” means, with respect to any Person, an event or series of events by which: 
  
 (a)    any “person” or “group” (as such terms are used in Sections 13(d) and 14(d)
of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the
“beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the
right to acquire (such right, an “option right”), whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 25% or more of the equity securities of such Person entitled to vote for
members of the 

 
 5 








 board of directors or equivalent governing body of such Person on a fully-diluted basis (and taking into account all
such securities that such person or group has the right to acquire pursuant to any option right); or 
  
 (b)    during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of such Person cease to be composed of individuals (i) who were members of
that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such
election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above
constituting at the time of such election or nomination at least a majority of that board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office
as, a member of that board or equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the
election of one or more directors by or on behalf of the board of directors); or 
  
 (c)    the Borrower shall have entered into a contract or arrangement that, upon consummation thereof, will result in any Person or two or more Persons acting in concert acquiring the power to exercise, directly
or indirectly, a controlling influence over the management or policies of the Borrower, or control over the equity securities of the Borrower entitled to vote for members of the board of directors or equivalent governing body of the Borrower on a
fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right) representing 25% or more of the combined voting power of such securities; or 
  
 (d)    the occurrence of any “Change in Control” as defined in and for purposes of the
Senior Subordinated Note Documents. 
  
 “Closing Date” means the first date on which all of the
conditions precedent in Section 4.01 are satisfied or waived in accordance with Section 4.01 (or, in the case of Section 4.01(c), waived or deferred by the Person entitled to receive the applicable payment). 

 
 “Code” means the Internal Revenue Code of 1986, as amended and otherwise modified and in effect from time to
time. 
  
 “Collateral” means all of the “Collateral” referred to in the Collateral
Documents and all of the other property and assets that are or are intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit of the Secured Parties. 
  
 “Collateral Documents” means the Security Agreement and any other agreement that creates or purports to create a Lien in
favor of the Administrative Agent for the benefit of the Secured Parties. 
  
 “Commitment” means,
(a) as to each Term Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01(b) in a principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule
2.01 hereto or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, 

 
 6 








  
 as such amount may be adjusted from time to time in accordance with this Agreement, and (b) as to each
Revolving Credit Lender, its obligation to (i) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(a), (ii) purchase participations in L/C Obligations and (iii) purchase participations in Swing Line Loans, in an aggregate
principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such
amount may be adjusted from time to time in accordance with this Agreement. 
  
 “Commitment Fee” has
the meaning specified in Section 2.10(a). 
  
 “Committed Borrowing” means a Term Loan
Borrowing and/or a Revolving Credit Borrowing, as applicable. 
  
 “Committed Loan Notice” means a
notice of (a) a Committed Borrowing, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit
A, which in each case if requested by the Administrative Agent shall include (i) a statement of the Consolidated Total Leverage Ratio and the Consolidated Senior Leverage Ratio then in effect both before and after giving effect to such Committed
Borrowing, conversion or continuation, (ii) a statement that such Consolidated Total Leverage Ratio complies with Section 7.11(a) and such Consolidated Senior Leverage Ratio complies with Section 7.11(b) and (iii) an exhibit showing
the calculations made in determining such Consolidated Total Leverage Ratio and such Consolidated Senior Leverage Ratio. 
  
 “Compensation Period” has the meaning specified in Section 2.13(c). 
  
 “Compliance Certificate” means a certificate substantially in the form of Exhibit D. 
  
 “Consolidated” refers to the consolidation of accounts in accordance with GAAP. 
  
 “Consolidated EBITDA” means, for any period, for the Borrower and its Subsidiaries on a Consolidated basis, an amount equal to Consolidated Net Income for such period plus (a) the following to the extent
deducted in calculating such Consolidated Net Income: (i) Annualized Consolidated Interest Charges for such period, (ii) the sum of federal, state, local and foreign income taxes accrued, whether or not paid in cash during such period by the
Borrower and its Subsidiaries for such period, (iii) the amount of depreciation and amortization expense deducted in determining such Consolidated Net Income, (iv) all non-cash items reducing such Consolidated Net Income for such period for which no
cash outlay or cash receipt is reasonably foreseeable, and (v) without duplication of amounts computed under a non-cash charge related to any future write-down of the MedUnite Investment deducted in determining such Consolidated Net Income for such
period in an aggregate amount not to exceed $12,500,000; provided that such non-cash charge shall only be added back to Consolidated Net Income if a Responsible Officer of the Borrower shall have certified in writing to the Administrative
Agent that such charge has no cash or revenue impact on the Consolidated financial statements of the Borrower for such Period, and minus (b) all non-cash items increasing Consolidated Net Income for such period for which no cash outlay or
cash receipt is reasonably foreseeable 
  
 “Consolidated Fixed Charge Coverage Ratio” means, at any
date of determination, the ratio of (a) the remainder of (i) Consolidated EBITDA for the period of the four fiscal quarters ending on such date less (ii) capital expenditures for the period of the four prior fiscal quarters ending on such
date to (b) the sum of (i) Annualized Consolidated Interest Charges plus (ii) tax 

 
 7 








  
 expenses for the period of the four prior fiscal quarters ending on such date plus (iii)
scheduled debt amortization payments (as initially scheduled upon the incurrence of such debt) for the period of the next four fiscal periods after such date. 
  
 “Consolidated Interest Charges” means, for any period, for the Borrower and its Subsidiaries on a Consolidated basis, the sum of (a) all interest, premium payments, debt discount,
fees, charges and related expenses of the Borrower and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest
expense in accordance with GAAP, whether or not paid in cash during such period, and (b) the portion of rent expense of the Borrower and its Subsidiaries with respect to such period under capital leases that is treated as interest in accordance with
GAAP. 
  
 “Consolidated Net Income” means, for any period, for the Borrower and its Subsidiaries on
a Consolidated basis, the net income (as determined in accordance with GAAP) of the Borrower and its Subsidiaries (excluding extraordinary gains and extraordinary losses) for that period. 
  
 “Consolidated Senior Indebtedness” means, as of any date of determination, for the Borrower and its Subsidiaries on a Consolidated basis, the sum of (a)
Revolving Credit Outstandings and (b) the Outstanding Amount of all Term Loans and (c) all other Indebtedness described in clauses (a), (b), (d) and (f) of the definition of Indebtedness which has not been subordinated to other Indebtedness.

  
 “Consolidated Senior Leverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Senior Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four prior fiscal quarters most recently ended for which the Borrower is required to deliver financial statements pursuant to Section
6.01(a) or (b). 
  
 “Consolidated Total Indebtedness” means, as of any date of
determination, for the Borrower and its Subsidiaries on a Consolidated basis, the sum of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including Obligations hereunder) and all obligations
evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (b) the outstanding principal amount of all purchase money Indebtedness, (c) all direct obligations arising under letters of credit (including standby and
commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, (d) the outstanding principal amount of all obligations in respect of the deferred purchase price of property or services (other than trade accounts
payable in the ordinary course of business), (e) Attributable Indebtedness in respect of capital leases and Synthetic Lease Obligations, (f) without duplication, all indebtedness described in clauses (a), (b), (d), (f) and (g) (limited in the case
of clause (g) to payments in respect of such Equity Interests or such warrants, rights or options to acquire such Equity Interests for which the amounts are fixed or otherwise determinable on such date of determination) of the definition of
Indebtedness, (g) without duplication, all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) through (f) above of Persons other than the Borrower or any Subsidiary, and (h) all Indebtedness of the types
referred to in clauses (a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which the Borrower or a Subsidiary is a general partner or joint venturer,
unless such Indebtedness is expressly made non-recourse to the Borrower or such Subsidiary, and whether or not such indebtedness is subordinated to any other indebtedness. 

 
 8 








  
 “Consolidated Total Leverage Ratio” means, as of any date of
determination, the ratio of (a) Consolidated Total Indebtedness as of such date less the principal amount of Indebtedness under the 5% Debentures in an amount not to exceed the amount of Escrowed Funds related thereto to (b)
Consolidated EBITDA for the period of the four fiscal quarters most recently ended for which the Borrower is required to deliver financial statements pursuant to Section 6.01(a) or (b). 
  
 “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any
agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 
  
 “Control” has the meaning specified in the definition of “Affiliate.” 
  
 “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. 
  
 “Credit Facilities” has the meaning specified in the first introductory paragraph hereof. 
  
 “CSFB” has the meaning specified in the heading hereof. 
  
 “Current
Assets” of any Person means all assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves
in each case in which a reserve is proper in accordance with GAAP. 
  
 “Current Liabilities” of any
Person means (a) all Indebtedness of such Person that by its terms is payable on demand or matures within one year after the date of determination (excluding any Indebtedness renewable or extendible, at the option of such Person, to a date more than
one year from such date or arising under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date) and (b) all other items (including taxes accrued as
estimated) that in accordance with GAAP would be classified as current liabilities of such Person. 
  
 “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership,
insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 
  
 “Default” means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be
an Event of Default. 
  
 “Default Rate” means an interest rate equal to (a) in the case of
Eurodollar Rate Loans, the sum of (i) the Applicable Rate then applicable to Eurodollar Rate Loans, plus (ii) 2% per annum, and (b) for Base Rate Loans and for all other purposes other than Base Rate Loans, the sum of (i) the Applicable Rate
then applicable to Base Rate Loans plus (ii) 2% per annum, in each case to the fullest extent permitted by applicable Laws. 
  
 “Defaulted Amount” means, with respect to any Lender at any time, any amount required to be paid by such Lender to the Administrative Agent or any other Lender hereunder or under any other Loan Document at
or prior to such time which has not been so paid as of such time, including, without limitation, any amount required to be paid by such Lender to (a) the L/C Issuer 

 
 9 








  
 pursuant to Section 2.03(c) to purchase a portion of an L/C Obligation made by the L/C Issuer,
(b) the Administrative Agent pursuant to Section 2.13(c) to reimburse the Administrative Agent for the amount of any Loan made by the Administrative Agent for the account of such Lender, (c) any other Lender pursuant to Section 2.14 to
purchase any participation in Loans or L/C Obligations owing to such other Lender and (d) the Administrative Agent or the L/C Issuer pursuant to Section 9.07 to reimburse the Administrative Agent or the L/C Issuer for such Lender’s
ratable share of any amount required to be paid by the Lenders to the Administrative Agent or the L/C Issuer as provided therein. In the event that a portion of a Defaulted Amount shall be deemed paid pursuant to Section 2.15(b), the
remaining portion of such Defaulted Amount shall be considered a Defaulted Amount originally required to be paid hereunder or under any other Loan Document on the same date as the Defaulted Amount so deemed paid in part. 
  
 “Defaulted Loan” means, with respect to any Lender at any time, the portion of any Loan required to be made by such
Lender to the Borrower pursuant to Section 2.01 at or prior to such time which has not been made by such Lender or by the Administrative Agent for the account of such Lender pursuant to Section 2.13(c) as of such time. In the event
that a portion of a Defaulted Loan shall be deemed made pursuant to Section 2.15(a), the remaining portion of such Defaulted Loan shall be considered a Defaulted Loan originally required to be made pursuant to Section 2.01 on the same
date as the Defaulted Loan so deemed made in part. 
  
 “Defaulting Lender” means any Appropriate
Lender that (a) has failed to fund any portion of the Loans or participations in L/C Obligations or participations in Swing Line Loans required to be funded by it hereunder within one Business Day of the date required to be funded by it hereunder,
(b) has otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, or (c) has been
deemed insolvent or become the subject of a proceeding under any Debtor Relief Laws. 
  
 “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property (including any capital stock of subsidiaries)
by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 
  
 “Dollar” and “$” mean lawful money of the United States. 
  
 “Domestic Subsidiary” means any Subsidiary that is created or organized in the United States or under the Laws of the United States or any State therein.

  
 “Eligible Assignee” has the meaning specified in Section 10.07(g). 

 
 “Environmental Action” means any action, suit, demand, demand letter, claim, notice of non-compliance or
violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law or Hazardous Material or arising from alleged injury or threat to health, safety or the
environment, including, without limitation, (a) by any Governmental Authority for enforcement, cleanup, removal, response, remedial or other actions or damages and (b) by any Governmental Authority or third party for damages, contribution,
indemnification, cost recovery, compensation or injunctive relief. 
  
 “Environmental Laws” means
any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the
protection of the 

 
 10 








  
 environment or the release of any materials into the environment, including those related to hazardous
substances or wastes, air emissions and discharges to waste or public systems. 
  
 “Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective
Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous
Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

  
 “Environmental Permit” means any permit, approval, identification number, license or other
authorization required under any Environmental Law. 
  
 “Equity Interests” means, with respect to
any Person, shares of capital stock of (or other ownership or profit interests in) such Person, warrants, options or other rights for the purchase or other acquisition from such Person of shares of capital stock of (or other ownership or profit
interests in) such Person, securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or other acquisition from such Person of
such shares (or such other interests), and other ownership or profit interests in such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants,
options, rights or other interests are authorized or otherwise existing on any date of determination. 
  
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated thereunder. 
  
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with any Loan Party within the meaning of Section 414(b)
or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 
  
 “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by any Loan Party or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it
was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any Loan Party or any ERISA Affiliate
from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, or the treatment of a Plan amendment as a termination, under Sections 4041 or 4041A of ERISA, or the
commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Section 4062(e), 4063 or 4064 of ERISA upon any Loan Party or any ERISA Affiliate. 
  
 “Escrow Account” has the meaning specified in the second introductory paragraph hereof. 
  
 “Escrow Account Agreement” means the account agreement dated as of the date hereof by and among the Administrative Agent, the Company and the Escrow Agent
with respect to the Escrow Account, as amended or otherwise modified from time to time. 

 
 11 








  
 “Escrow Agent” means LaSalle Bank National Association

  
 “Escrowed Funds” has the meaning specified in the second introductory paragraph hereof.

  
 “Eurodollar Rate” means for any Interest Period with respect to any Eurodollar Rate Loan:

  
 (a)    the rate per annum equal to the rate determined by the Administrative
Agent to be the offered rate that appears on the page of the Telerate screen (or any successor thereto) that displays an average British Bankers Association Interest Settlement Rate for deposits in Dollars (for delivery on the first day of such
Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, or 
  
 (b)    if the rate referenced in the preceding clause (a) does not appear on such page or service or such page or service shall not be
available, the rate per annum equal to the rate determined by the Administrative Agent to be the offered rate on such other page or other service that displays an average British Bankers Association Interest Settlement Rate for deposits in Dollars
(for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, or 

 
 (c)    if the rates referenced in the preceding clauses (a) and (b) are not available, the
rate per annum determined by the Administrative Agent as the rate of interest at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurodollar Rate Loan being made,
continued or converted by the Administrative Agent and with a term equivalent to such Interest Period would be offered by the Administrative Agent’s London Branch to major banks in the London interbank eurodollar market at their request at
approximately 4:00 p.m. (London time) two Business Days prior to the first day of such Interest Period. 
  
 “Eurodollar Rate Loan” means a Loan that bears interest at a rate based on the Eurodollar Rate. 
  
 “Event of Default” has the meaning specified in Section 8.01. 
  
 “Excess
Cash Flow” means, for any period, 
  
 (a)    the sum of: 

 
 (i)    Consolidated Net Income (or loss) of the Borrower and its Subsidiaries for such
period plus 
  
 (ii)    the aggregate amount of all non-cash charges
deducted in arriving at such Consolidated Net Income (or loss) plus 
  
 (iii)    if there was a net increase in Consolidated Current Liabilities of the Borrower and its Subsidiaries during such period, the amount of such net increase plus 

 
 12 








  
 (iv)    if there was a net decrease in
Consolidated Current Assets (excluding cash and Cash Equivalents) of the Borrower and its Subsidiaries during such period, the amount of such net decrease less 
  
 (b)    the sum of: 
  
 (i)    the aggregate amount of all non-cash credits included in arriving at such Consolidated Net Income (or loss) plus 
  

(ii)    if there was a net decrease in Consolidated Current Liabilities of the Borrower and its Subsidiaries during such period,
the amount of such net decrease plus 
  
 (iii)    if there was a net
increase in Consolidated Current Assets (excluding cash and Cash Equivalents) of the Borrower and its Subsidiaries during such period, the amount of such net increase plus 
  
 (iv)    the aggregate amount of capital expenditures incurred during such period to the extent permitted by Section 7.12
plus 
  
 (v)    without duplication, the aggregate principal amount of all
repayments or payments of the Term Loans and scheduled repayments of other Indebtedness (excluding repayments and payments made pursuant to that certain customer note previously disclosed to the Administrative Agent in the aggregate amount of
$11,375,000 dated as of October 31, 2001), in each case, that are actually made. 
  
 “Existing Credit
Facility” has the meaning specified in the second introductory paragraph hereof. 
  
 “Existing
Debt” means Indebtedness of the Borrower and its Subsidiaries outstanding immediately before giving effect to the consummation of the Transaction. 
  
 “Extraordinary Receipt” means any cash received by or paid to or for the account of any Person not in the ordinary course of business from the proceeds of insurance (including, without
limitation, any key man life insurance but excluding proceeds of business interruption insurance to the extent such proceeds constitute compensation for lost earnings) and condemnation awards (and payments in lieu thereof) in respect of real
property constituting Collateral; provided, however, that an Extraordinary Receipt shall not include cash receipts received from proceeds of insurance or condemnation awards (or payments in lieu thereof) to the extent that such
proceeds or awards in respect of loss or damage to equipment, fixed assets or real property are applied (or in respect of which expenditures were previously incurred) to replace or repair the equipment, fixed assets or real property in respect of
which such proceeds were received in accordance with the terms of the Loan Documents, so long as such application is made within 6 months after the occurrence of such damage or loss and does not exceed $10,000,000 in the aggregate. 

 
 “Facility” means the Term Facility, the Revolving Credit Facility, the Letter of Credit Sublimit or the Swing
Line Sublimit, as the context may require. 
  
 “Federal Funds Rate” means, for any day, the rate per
annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve 

 
 13 








  
 System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank on the
Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding
Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the
Administrative Agent on such day on such transactions as determined by the Administrative Agent. 
  
 “Fee
Letters” means (a) the Credit Facilities Fee Letter, dated October 28, 2002, among the Borrower, ML&Co., MLCC and CSFB, (b) the Supplemental Fee Letter, dated November 19, 2002, among the Borrower, ML&Co., MLCC and CSFB, and (c) the
Administrative Agent Fee Letter, dated November 19, 2002, between the Borrower and the Administrative Agent. 
  
 “Fiscal Year” means a fiscal year of the Borrower and its Consolidated Subsidiaries ending on May 31 in any calendar year. 
  
 “5% Debentures” has the meaning specified in the second introductory paragraph herein. 
  
 “Foreign Lender” has the meaning specified in Section 10.15. 
  
 “FRB” means the Board of Governors of the Federal Reserve System of the United States. 
  
 “Fund” has the meaning specified in Section 10.07(g). 
  
 “GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants
and statements and pronouncements of the Financial Accounting Standards Board that are applicable to the circumstances as of the date of determination, consistently applied. 
  
 “Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality,
regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 
  
 “Granting Lender” has the meaning specified in Section 10.07(h). 
  
 “Guarantee” means, as to any Person, any obligation, contingent or otherwise, of such Person guaranteeing or having the
economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct
or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (b) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of
such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of
the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (d) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment
or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided that the term “Guarantee” shall not include endorsements for collection or deposits in the ordinary course of
business. The amount of any Guarantee shall be 

 
 14 








  
 deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or
portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as
a verb has a corresponding meaning. 
  
 “Guarantors” means, collectively, the Material Subsidiaries
of the Borrower listed on Schedule II hereto and each other Subsidiary of the Borrower that shall be required to execute and deliver a guaranty pursuant to Section 6.12. 
  
 “Guaranty” has the meaning specified in Section 4.01(a)(ix). 
  
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 
  
 “Honor Date” has the meaning specified in Section 2.03(c)(i). 
  
 “ICC” has the meaning specified in Section 2.03(h). 
  
 “Incentive Plan” means that certain National Data Corporation Amended and Restated 2000 Long-Term Incentive Plan approved by the stockholders of the
Borrower on October 28, 1999, as amended and restated by the Board of Directors of the Borrower on September 19, 2000 and December 19, 2000. 
  
 “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

  
 (a)    all obligations of such Person for borrowed money and all obligations
of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 
  
 (b)    all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments;

  
 (c)    net obligations of such Person under any Swap Contract; 

 
 (d)    all obligations of such Person to pay the deferred purchase price of property or
services (other than trade accounts payable in the ordinary course of business and not past due for more than 120 days after the date on which each such trade payable or account payable was created) unless and for so long as such trade payables are
being disputed in good faith and by appropriate proceedings diligently conducted; 
  
 (e)    indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention
agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; 
  
 (f)    capital leases and Synthetic Lease Obligations; 

 
 15 








 (g)    all obligations of such Person to purchase, redeem, retire, defease or
otherwise make any payment in respect of any Equity Interests in such Person or any other Person or any warrants, rights or options to acquire such Equity Interests excluding any non-cash exercise of any of the foregoing, valued, in the case of
redeemable preferred interests, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; 
  
 (h)    all Guarantees of such Person in respect of any of the foregoing; and 
  
 (i)    all indebtedness and other payment obligations referred to in clauses (a) through (h) above of another Person secured by (or for which the holder of such indebtedness or
other payment obligations has an existing right, contingent or otherwise, to be secured by) any Lien on property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become
liable for the payment of such indebtedness or other payment obligations. 
  
 For all purposes hereof, the
Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer,
unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any capital lease or
Synthetic Lease Obligation as of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date. 
  
 “Indemnified Liabilities” has the meaning specified in Section 10.05. 
  
 “Indemnitees” has the meaning specified in Section 10.05. 
  
 “Information” has the meaning specified in Section 10.08. 
  
 “Information Memorandum” means the confidential information memorandum dated November, 2002 containing information supplied by the Borrower and used by the Arrangers in connection with the syndication of the
Commitments. 
  
 “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the
last day of each Interest Period applicable to such Loan and the Maturity Date for such Loan; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three
months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan), the last Business Day of each March, June, September and December and the Maturity Date for such
Loan. 
  
 “Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the
date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Committed Loan Notice; provided that:

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

 
 16 








 (b)    any Interest Period that begins on the last Business Day of a calendar month
(or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; 
  
 (c)    no Interest Period for any Loan shall extend beyond the Maturity Date for such Loan;

  
 (d)    there shall be no more than 6 Interest Periods in effect at any one
time; and 
  
 (e)    from and after the fifth business day after the Closing
Date, Interest Periods of 14 days may be selected until the thirtieth day after the Closing Date. 
  
 “Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other securities of another Person,
(b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in
such other Person and any arrangement pursuant to which the investor incurs debt of the types referred to in clause (h) or (i) of the definition of “Indebtedness” set forth in this Section 1.01 in respect of such Person, (c) the purchase
or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit or all or a substantial part of the business of, such Person, or (d) any other investment in another Person. For
purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 
  
 “IP Rights” has the meaning set forth in Section 5.17. 
  
 “IRS” means the United States Internal Revenue Service. 
  
 “Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities,
including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses,
authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 
  
 “L/C Advance” means, with respect to each Revolving Credit Lender, such Revolving Credit Lender’s funding of its participation in any L/C Borrowing in accordance with its Pro Rata Share. 

 
 “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not
been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing. 
  
 “L/C Credit
Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof. 
  
 “L/C Issuer” means LaSalle Bank National Association in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit
hereunder. 

 
 17 








  
 “L/C Obligations” means, as at any date of determination, the
aggregate undrawn amount of all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. 
  
 “Lender” has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the L/C Issuer and the Swing Line Lender. 
  
 “Lender Fund” has the meaning specified in Section 10.07(g). 
  

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire,
or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 
  
 “Letter of Credit” means any letter of credit issued hereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit. 
  
 “Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use
by the L/C Issuer. 
  
 “Letter of Credit Expiration Date” means the day that is seven days prior to
the Maturity Date then in effect for the Revolving Credit Facility (or, if such day is not a Business Day, the next preceding Business Day). 
  
 “Letter of Credit Sublimit” means an amount equal to the lesser of (a) $10,000,000 and (b) the unused amount of the Aggregate Commitments under the Revolving Credit Facility at such
time. The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility. 
  
 “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any
kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of
the foregoing). 
  
 “Loan” means an extension of credit by a Lender to the Borrower under Article
II in the form of a Term Loan, a Revolving Credit Loan or a Swing Line Loan. 
  
 “Loan
Documents” means (a) this Agreement, (b) the Notes, (c) the Guaranty, (d) the Collateral Documents, (e) the Fee Letters, (f) each Letter of Credit Application, (g) the Escrow Account Agreement, (h) each Secured Swap Contract and (g) each
other certificate or document executed by the Borrower or any of its Affiliates in connection herewith or therewith. 
  
 “Loan Parties” means, collectively, the Borrower and each Guarantor, and individually, any of the Loan Parties. 
  
 “Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the business, operations, financial condition, liabilities (contingent or
otherwise), properties or prospects of the Borrower and its Subsidiaries taken as a whole; (b) a material impairment of the rights and remedies of the Administrative Agent or any Lender under any Loan Document, or of the ability of the Loan Parties
taken as a whole to perform their obligations under any Loan Document to which they are a party; or (c) a material adverse effect upon the legality, 

 
 18 








  
 validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a
party. 
  
 “Material Contract” means, with respect to the Borrower or any Subsidiary, the Incentive
Plan and each other contract to which the Borrower or such Subsidiary is a party involving aggregate consideration payable to or by such Person of $5,000,000 or more in any year or otherwise material to the business, condition (financial or
otherwise), operations, performance, properties or prospects of the Borrower or such Subsidiary. 
  
 “Material Subsidiary” means each Guarantor set forth on Schedule II and any new Domestic Subsidiary formed or acquired after the Closing Date that has Consolidated revenue or assets or Consolidated Net Income in an
amount that exceeds the Single Subsidiary Threshold. 
  
 “Maturity Date” means (a) in the case of
the Revolving Credit Facility, November 30, 2007, and (b) in the case of the Term Facility, November 30, 2008. 
  
 “Maximum Rate” has the meaning specified in Section 10.10. 
  
 “MedUnite Investment” means those certain investments made by the Borrower in MedUnite, Inc. during (a) the first fiscal quarter of Fiscal Year 2002 and (b) the third fiscal quarter of Fiscal Year 2002 which were
valued at $52,711,349.00 in the aggregate as of May 30, 2002. 
  
 “ML&Co.” has the meaning
specified in the heading hereof. 
  
 “MLC” has the meaning specified in the heading hereof.

  
 “MLC Affiliate Assignment” has the meaning specified in Section 9.09. 
  
 “MLCC” means Merrill Lynch Capital Corporation. 
  
 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 
  
 “Multiemployer Plan” means any “multiemployer plan” (as such term is defined in Section 4001(a)(3) of ERISA) that is subject to Title IV of ERISA
and to which any Loan Party or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 
  
 “NDC Plaza Property” means the NDC Plaza property in Atlanta, Georgia owned by the Borrower. 
  
 “NDC Plaza Transaction” means the potential sale and leaseback of the NDC Plaza Property. 
  
 “Net Cash Proceeds” means, with respect to any sale, lease, transfer or other disposition of any asset or the incurrence or issuance of any Indebtedness or
the sale or issuance of any Equity Interests (including, without limitation, any capital contribution) by any Person, or any Extraordinary Receipt received by or paid to or for the account of any Person, the aggregate amount of cash received from
time to time (whether as initial consideration or through payment or disposition of deferred consideration or as a refund) by or on behalf of such Person in connection with such transaction after deducting therefrom only (without duplication) (a)
reasonable and customary brokerage commissions, underwriting fees and discounts, legal fees, finder’s fees and 

 
 19 








  
 other similar fees and commissions, (b) the amount of taxes payable in connection with or as a result of
such transaction, (c) the amount of any reserves taken in accordance with GAAP against liabilities incurred in connection with such asset sale, and (d) the amount of any Indebtedness secured by a Lien on such asset that, by the terms of the
agreement or instrument governing such Indebtedness, is required to be repaid upon such disposition, in each case to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash, actually paid or accrued
for future payments within 90 days after consummation of such disposition to a Person that is not an Affiliate of such Person or any Loan Party or any Affiliate of any Loan Party and are properly attributable to such transaction or to the asset that
is the subject thereof; provided, however, that in the case of amounts deducted but not actually paid or that are not then payable, if at the time such amounts are paid the amount so deducted exceeds the amount actually
paid, then an amount equal to such excess shall constitute “Net Cash Proceeds” for all purposes hereunder. 
  
 “Note” means a Revolving Credit Note or a Term Note or the Swing Line Note, as the context may require. 
  
 “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit,
whether direct or indirect (including those acquired by assumption and any Secured Swap Contract), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by
or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without
limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents include (a) the obligation to pay principal, interest, Letter of Credit commissions, charges, expenses, fees, attorneys’ fees and
disbursements, indemnities and other amounts payable by any Loan Party under any Loan Document and (b) the obligation of any Loan Party to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to
pay or advance on behalf of such Loan Party. 
  
 “Organization Documents” means, (a) with respect to
any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or
articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization
and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any
certificate or articles of formation or organization of such entity. 
  
 “Other Taxes” has the
meaning specified in Section 3.01(b). 
  
 “Outstanding Amount” means (a) with respect to Term
Loans, Revolving Credit Loans and Swing Line Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Term Loans, Revolving Credit Loans and Swing Line Loans, as the
case may be, occurring on such date; and (b) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the
aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit
taking effect on such date. 

 
 20 








  
 “Participant” has the meaning specified in Section
10.07(d). 
  
 “PBGC” means the Pension Benefit Guaranty Corporation (or any successor).

  
 “Pension Plan” means any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Section 412 of the Code or Title IV of ERISA and is sponsored or maintained by any Loan Party or any ERISA Affiliate or to which any Loan Party or any ERISA Affiliate
contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years. 
  
 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
  
 “Plan” means any “employee benefit
plan” (as such term is defined in Section 3(3) of ERISA) established by any Loan Party or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 
  
 “Pledged Debt” has the meaning set forth in the Security Agreement. 
  

“Pro Rata Share” means, (a) for the Revolving Credit Facility, with respect to each Revolving Credit Lender at any time, a fraction (expressed as a
percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Revolving Credit Commitment of such Lender at such time and the denominator of which is the amount of the Revolving Credit Facility at such time;
provided that if the commitment of each Revolving Credit Lender to make Revolving Credit Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated or expired pursuant to Section 8.02 or otherwise,
then the Pro Rata Share of each Revolving Credit Lender shall be determined based on the Revolving Credit Outstandings of such Revolving Credit Lender, and (b) for the Term Facility, with respect to each Term Lender at any time, a fraction
(expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Term Commitment of such Lender at such time and the denominator of which is the amount of the Term Facility at such time;
provided that if the commitment of each Term Lender to make Term Loans has been terminated or expired pursuant to Section 8.02 or otherwise, then the Pro Rata Share of each Term Lender shall be determined based on the Term Outstandings
of such Term Lender. The initial Pro Rata Share of each Lender for each of the Term Facility and the Revolving Credit Facility is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to
which such Lender becomes a party hereto, as applicable. 
  
 “Qualified Foreign Subsidiary” means
any non-Domestic Subsidiary that has Consolidated revenue or assets or Consolidated Net Income in an amount that exceeds the Single Subsidiary Threshold and for which the execution by such non-Domestic Subsidiary of a guaranty of the Obligations of
the Loan Parties under the Loan Documents or the grant of a security interest in part or all of its assets will not result in a material adverse tax consequence to the Borrower and its Subsidiaries, taken as a whole. 
  
 “Reduction Amount” has the meaning specified in Section 2.06(f). 
  
 “Refinancing” has the meaning specified in the second introductory paragraph hereto. 
  
 “Register” has the meaning set forth in Section 10.07(c). 

 
 21 








  
 “Related Documents” means the Senior Subordinated Note
Documents, the TechRx Documents and any intercompany notes issued pursuant to Section 7.03(d). 
  
 “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30-day notice period has been waived. 
  
 “Request for Credit Extension” means (a) with respect to a Committed Borrowing, conversion or continuation of Loans, a Committed Loan Notice, (b) with
respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice. 
  
 “Required Lenders” means, as of any date of determination, Lenders having more than 50% of the sum of the (a) Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded
participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment
of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
  
 “Required Revolving Credit Lenders” means Revolving Credit Lenders holding more than 50% of the Aggregate Commitments under the Revolving Credit Facility
or, if such Commitments have expired or terminated, more than 50% of the Revolving Credit Outstandings. 
  
 “Required Term Lenders” means Term Lenders holding more than 50% of the Aggregate Commitments under the Term Facility or, if such Commitments have expired or terminated, more than 50% of the Term Outstandings.

  
 “Responsible Officer” means the chief executive officer, president, chief financial officer,
treasurer or assistant treasurer of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other
action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 
  
 “Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of the Borrower
or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such capital stock
or other Equity Interest or of any option, warrant or other right to acquire any such capital stock or other Equity Interest, or on account of any return of capital to the Borrower’s stockholders, partners or members (or the equivalent Persons
thereof) or any issuance or sale of any Equity Interests or acceptance of any capital contributions. 
  
 “Revolving Credit Borrowing” means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type made by the Revolving Credit Lenders and, in the case of Eurodollar Rate Loans, having the same
Interest Period made by each of the Appropriate Lenders pursuant to Section 2.01(a). 
  
 “Revolving
Credit Commitment” means, with respect to any Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(a), (b) purchase participations in L/C Obligations, and (c) purchase
participations in Swing Line 

 
 22 








  
 Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth
opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or, if such Lender has entered into one or more Assignment and Assumptions, set forth for such Lender in the Register maintained by
the Administrative Agent pursuant to Section 10.07(c) as such Lender’s “Revolving Credit Commitment,” as such amount may be reduced at or prior to such time pursuant to Section 2.07. 
  
 “Revolving Credit Facility” means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving
Credit Commitments at such time. 
  
 “Revolving Credit Lender” means, at any time, any Lender that
has a Revolving Credit Commitment at such time. 
  
 “Revolving Credit Loan” has the meaning
specified in Section 2.01(a). 
  
 “Revolving Credit Note” means a promissory note of the
Borrower payable to the order of any Revolving Credit Lender, in substantially the form of Exhibit C-1, evidencing the aggregate indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans, L/C
Advances and Swing Line Loans made by such Revolving Credit Lender, as amended, endorsed or otherwise modified from time to time. 
  
 “Revolving Credit Outstandings” means the aggregate Outstanding Amount of all Revolving Credit Loans, all L/C Obligations and all Swing Line Loans. 
  
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor thereto. 

 
 “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its
principal functions. 
  
 “Secured Obligations” has the meaning specified in Section 2 of the
Security Agreement. 
  
 “Secured Parties” means, collectively, the Administrative Agent, the
Lenders, each joint agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.01(c), and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the
terms of the Collateral Documents. 
  
 “Secured Swap Contract” means any Swap Contract required or
permitted under this Agreement that is entered into by and between the Borrower and any Swap Bank. 
  
 “Security Agreement” has the meaning specified in Section 4.01(a)(viii). 
  
 “Senior Subordinated Notes” means the 10.5% unsecured senior subordinated notes of the Borrower due 2012 in an aggregate principal amount of $200,000,000 issued and sold on the Closing Date pursuant to the Senior
Subordinated Note Documents. 
  
 “Senior Subordinated Note Documents” means the Indenture dated as
of the date hereof among the Borrower, the guarantors party thereto and Regions Bank, as trustee, the Senior Subordinated Notes and all other agreements, instruments and other documents pursuant to which the Senior Subordinated Notes have been or
will be issued or otherwise setting forth the terms of the Senior Subordinated Notes, in each case as such agreement, instrument or other document may 

 
 23 








  
 be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof,
to the extent permitted under the terms of the Loan Documents. 
  
 “Senior Subordinated Note
Financing” means the financing provided pursuant to the Senior Subordinated Note Documents. 
  
 “Single Subsidiary Threshold” shall mean an amount equal to (a) five percent (5%) of the Consolidated total assets of the Borrower and its Subsidiaries, or (b) five percent (5%) of the Consolidated total revenues or
Consolidated Net Income of the Borrower and its Subsidiaries for the most recent quarter as shown on the financial statements most recently delivered or required to be delivered pursuant to Section 6.01(a) or (b), as the case may be.

  
 “Solvent” and “Solvency” mean, with respect to any Person on a particular date,
that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (b) the present fair salable value of the assets of such
Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities
beyond such Person’s ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would
constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be
expected to become an actual or matured liability. 
  
 “SPC” has the meaning specified in Section
10.07(h). 
  
 “Specified Default” means any Default under Section 8.01(a), (b)
(occurring as a result of the failure of any Loan Party to comply with Section 7.01, 7.02, 7.03, 7.04, 7.05, 7.07 or 7.10), (e), (f), (g) or (k). 
  
 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business
entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 
  
 “Surviving Debt” means Indebtedness of the Borrower and its Subsidiaries outstanding immediately before (and permitted hereunder to be outstanding immediately after) giving effect to the Transaction. 

 
 “Swap Bank” means any Lender or an Affiliate of a Lender in its capacity as a party to a Secured Swap
Contract. 
  
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or
forward bond index transactions, 

 
 24 








  
 interest rate options, forward foreign exchange transactions, cap transactions, floor transactions,
collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the
foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a
“Master Agreement”), including any such obligations or liabilities under any Master Agreement. 
  
 “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or
after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the
mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a
Lender). 
  
 “Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section
2.04. 
  
 “Swing Line Facility” means the revolving credit facility made available by the Swing
Line Lender pursuant to Section 2.04. 
  
 “Swing Line Lender” means Merrill Lynch Capital, a
division of Merrill Lynch Business Financial Services Inc., in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder. 
  
 “Swing Line Loan” has the meaning specified in Section 2.04 (a). 
  
 “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B. 
  
 “Swing Line Note” means a promissory note of the Borrower payable to the order of the Swing Line Lender, in substantially
the form of Exhibit C-3, evidencing the aggregate indebtedness of the Borrower to the Swing Line Lender resulting from Swing Line Loans made by the Swing Line Lender, as amended, endorsed or otherwise modified from time to time. 

 
 “Swing Line Sublimit” means an amount equal to the lesser of (a) $10,000,000 and (b) the unused amount of the
Aggregate Commitments under the Revolving Credit Facility at such time. The Swing Line Sublimit is part of, and not in addition to, the Revolving Credit Facility. 
  
 “Syndication Agent” has the meaning specified in the heading hereof. 
  
 “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an
agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person
(without regard to accounting treatment). 

 
 25 








  
 “Taxes” has the meaning specified in Section 3.01(a).

  
 “TechRx” means TechRx Incorporated, a Pennsylvania corporation. 
  
 “TechRx Documents” means, collectively, (a) the Agreement and Plan of Merger dated as of May 28, 2002 among the Borrower,
NDC Acquisition Corp. and TechRx; (b) the Asset Purchase Agreement dated as of July 1, 2000 among TechRx, National Data Corporation, National Data Intellectual Property Corporation, NDC Federal Systems, Inc. and National Data Corporation of Canada,
Ltd.; (c) the Loan Agreement dated as of October 31, 2001 between TechRx, as Borrower and [****], as Lender; and (d) the Stock Purchase Agreement dated as of July 1, 2000 between TechRx and National Data Corporation. 
  
 “Term Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Type made by the Term Lenders and,
in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Appropriate Lenders pursuant to Section 2.01(b). 
  
 “Term Commitment” means, with respect to any Term Lender at any time, the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Term
Commitment” or, if such Lender has entered into one or more Assignment and Assumptions, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 10.07(c) as such Lender’s “Term
Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.07. 
  
 “Term Facility” means, at any time, the aggregate amount of the Term Lenders’ Term Commitments at such time. 
  
 “Term Lender” means, at any time, any Lender that has a Term Commitment at such time. 
  
 “Term Loan” has the meaning specified in Section 2.01(b). 
  
 “Term Note” means a promissory note of the Borrower payable to the order of any Term Lender, in substantially the form of Exhibit C-2, evidencing the aggregate indebtedness of the Borrower to such Lender
resulting from the Term Loans made by such Lender, as amended, endorsed or otherwise modified from time to time. 
  
 “Term Outstandings” means, on any date, the aggregate outstanding principal amount of all Term Loans after giving effect to any borrowings and prepayments or repayments of Term Loans occurring on such date.

  
 “Threshold Amount” means $5,000,000. 
  
 “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations. 
  

“Transaction” means the Refinancing, the extension of the Credit Facilities and the incurrence of the Senior Subordinated Note Financing.

  
 “Type” means, with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate
Loan. 
  
 [****]    Confidential treatment requested. Confidential portions of this page have been redacted and are
subject of a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934 and have been filed separately with the Securities and Exchange Commission. 

 
 26 








  
 “Unfunded Pension Liability” means the excess of a Pension
Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the market value of that Pension Plan’s assets (excluding any contribution not yet paid), determined in accordance with the assumptions used for determining the current
liability of the Pension Plan pursuant to Section 412 of the Code for the applicable plan year. 
  
 “United
States” and “U.S.” mean the United States of America. 
  
 “Unreimbursed
Amount” has the meaning set forth in Section 2.03(c)(i). 
  
 1.02    Other
Interpretive Provisions.    With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 
  
 (a)    The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

 
 (b)    The words “herein,” “hereto,”
“hereof” and “hereunder” and words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 
  
 (i)    Article, Section, Exhibit and Schedule references are to the Loan Document in which such
reference appears. 
  
 (ii)    The term “including” is by way of
example and not limitation. 
  
 (iii)    The term “documents”
includes any and all instruments, documents, agreements, certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form. 
  
 (c)    In the computation of periods of time from a specified date to a later specified date, the word “from” means
“from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including.” 

 
 (d)    Section headings herein and in the other Loan Documents are included for convenience
of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 
  
 1.03    Accounting Terms.    (a)    All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data
(including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner
consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. 
  
 (b)    If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the
Arrangers, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that,
until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower shall provide to the Arrangers and the Lenders financial statements 

 
 27 








  
 and other documents required under this Agreement or as reasonably requested hereunder setting forth a
reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 
  
 1.04    Rounding.    Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other
component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 
  
 1.05    References to Agreements and Laws.    Unless otherwise expressly provided herein,
(a) references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but
only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and (b) references to any Law shall include all statutory and regulatory provisions consolidating,
amending, replacing, supplementing or interpreting such Law. 
  
 1.06    Times of
Day.    Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 
  
 1.07    Letter of Credit Amounts.    Unless otherwise specified, all references herein to the amount of a Letter of Credit at
any time shall be deemed to mean the maximum face amount of such Letter of Credit after giving effect to all increases and decreases thereof contemplated by such Letter of Credit or the Letter of Credit Application therefor, whether or not such
maximum face amount is in effect at such time. 
  
 ARTICLE II. 
 THE COMMITMENTS AND CREDIT EXTENSIONS 
  
 2.01    Loans.    (a)    Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a
“Revolving Credit Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit
Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Revolving Credit Outstandings shall not exceed the Revolving Credit Facility and (ii) the aggregate Outstanding Amount of the Revolving
Credit Loans of any Revolving Credit Lender plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not
exceed such Lender’s Revolving Credit Commitment; provided further, however, that no Revolving Credit Borrowings shall be made on the Closing Date. Within the limits of each Revolving Credit Lender’s Revolving Credit
Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(a), prepay under Section 2.05, and reborrow under this Section 2.01(a). Revolving Credit Loans may be Base Rate
Loans or Eurodollar Rate Loans, as further provided herein. 
  
 (b)    Subject to the terms and
conditions set forth herein, each Term Lender severally agrees to make a single loan (a “Term Loan”) to the Borrower on the Closing Date in an amount equal to the amount of such Lender’s Term Commitment. The Term Borrowing
shall consist of Term Loans made simultaneously by the Term Lenders ratably according to their Term 

 
 28 








  
 Commitments. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be
reborrowed. 
  
 (b) During the period prior to the 30th day after the Closing Date, no Loans may be made or
maintained as Eurodollar Rate Loans without the consent of the Arrangers and the Administrative Agent in their reasonable discretion unless the Arrangers and the Administrative Agent have reasonably determined that the primary syndication of the
Credit Facilities has been completed, except that from and after the fifth Business Day after the Closing Date Interest Periods of 14 days may be elected until such 30th day. 
  
 2.02    Committed Borrowings, Conversions and Continuations of Loans.    (a)    Each Committed Borrowing,
each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be
received by the Administrative Agent not later than 11:00 a.m. (i) three (3) Business Days prior to the requested date of any Committed Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate
Loans to Base Rate Loans, and (ii) one (1) Business Day prior to the requested date of any Committed Borrowing of Base Rate Loans. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly (and in any
event on the date of such telephonic notice) by delivery to the Administrative Agent of a written Committed Loan Notice appropriately completed and signed by a Responsible Officer of the Borrower. Each Committed Borrowing of, conversion to or
continuation of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Section 2.03(c), each Committed Borrowing of or conversion to Base Rate Loans shall be in a
principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Committed Borrowing, a conversion of Loans from one
Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Committed Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed,
converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, (v) whether such Loans are Term Loans or Revolving Credit Loans and (vi) if applicable, the duration of the Interest Period with respect
thereto. If the Borrower fails to specify a Type of Loan in a Committed Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate
Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Committed Borrowing of, conversion
to, or continuation of Eurodollar Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 
  
 (b)    Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Appropriate Lender of the amount of its Pro
Rata Share of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Appropriate Lender of the details of any automatic conversion to Base Rate Loans
described in the preceding subsection (a). In the case of a Committed Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office
not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section
4.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by 

 
 29 








  
 (i) crediting the account of the Borrower on the books of the Administrative Agent with the amount of
such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date the Committed
Loan Notice with respect to such Committed Borrowing is given by the Borrower, there are Swing Line Loans or L/C Borrowings outstanding, then the proceeds of such Committed Borrowing shall be applied, first, to the payment in full of any such
L/C Borrowings, second, to the payment in full of any such Swing Line Loans, and third, to the Borrower, as provided above. 
  
 (c)    Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of a
Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Lenders. 
  
 (d)    The Administrative Agent shall promptly notify the Borrower and the Appropriate Lenders of the interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of such
interest rate. The determination of the Eurodollar Rate by the Administrative Agent shall be conclusive in the absence of manifest error. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the
Appropriate Lenders of any change in the Administrative Agent’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 
  
 (e)    After giving effect to all Committed Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same
Type, there shall not be more than ten Interest Periods in effect. 
  
 (f)    The failure of any
Lender to make the Loan to be made by it as part of any Committed Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of such Committed Borrowing, but no Lender shall be responsible for the
failure of any other Lender to make the Loan to be made by such other Lender on the date of any Committed Borrowing. 
  
 2.03    Letters of Credit.    (a)    The Letter of Credit Commitment. 
  
 (i)    Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the other
Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrower, and to amend
Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drafts under the Letters of Credit; and (B) the Revolving Credit Lenders severally agree to participate in Letters of Credit issued for the account
of the Borrower; provided that the L/C Issuer shall not be obligated to make any L/C Credit Extension with respect to any Letter of Credit, and no Revolving Credit Lender shall be obligated to participate in any Letter of Credit if as of the
date of such L/C Credit Extension, (x) the Revolving Credit Outstandings would exceed the Revolving Credit Facility, (y) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender plus such Revolving Credit
Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans would exceed such Lender’s Revolving 

 
 30 








 Credit Commitment, or (z) the Outstanding Amount of the L/C Obligations would exceed the Letter of Credit Sublimit.
Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to
replace Letters of Credit that have expired or that have been drawn upon and reimbursed. 
  
 (ii)    The L/C Issuer shall be under no obligation to issue any Letter of Credit if: 
  
 (A)    any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any Law applicable
to the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of
credit generally or such Letter of Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not
in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the L/C Issuer in good faith deems material to it; 
  
 (B)    the expiry date of such requested Letter of Credit would occur more than twelve months after
the date of issuance, unless the Required Revolving Credit Lenders have approved such expiry date, it being understood that no such approval shall be required for the issuance of any Letter of Credit that has an expiry date of 12 months or less from
the date of issuance, but that includes provision for automatic renewal beyond such 12 month period; 
  
 (C)    the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Revolving Credit Lenders have approved such expiry date; or 
  
 (D)    such Letter of Credit is in an initial amount less than $100,000, in the case of a commercial
Letter of Credit, or $100,000, in the case of a standby Letter of Credit. 
  
 (iii)    The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms
hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 
  
 (b)    Procedures for Issuance and Amendment of Letters of Credit. 
  
 (i)    Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit
Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least three Business Days (or
such later date and time as the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as 

 
 31 








  
 the case may be. In the case of a request for an initial issuance of a Letter of
Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date
thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing
thereunder; and (G) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer
(A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require. 
  
 (ii)    Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm with
the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, the L/C Issuer will provide the Administrative Agent with a copy thereof.
Upon receipt by the L/C Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the
requested date, issue a Letter of Credit for the account of the Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s usual and customary business practices. Immediately upon the
issuance of each Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of
such Lender’s Pro Rata Share times the amount of such Letter of Credit. 
  
 (iii)    Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C Issuer will also deliver to the
Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 
  
 (c)    Drawings and Reimbursements; Funding of Participations. 
  
 (i)    Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later
than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount
of such drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed
Amount”), and the amount of such Lender’s Pro Rata Share thereof. In such event, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the
Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Credit Facility and the conditions
set forth in Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in


 
 32 








 writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding
effect of such notice. 
  
 (ii)    Each Revolving Credit Lender (including the
Revolving Credit Lender acting as L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the L/C Issuer at the Administrative Agent’s Office in an amount equal
to its Pro Rata Share of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Credit Lender
that so makes funds available shall be deemed to have made a Base Rate Loan under the Revolving Credit Facility to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer. 
  
 (iii)    With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit
Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed
Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving Credit Lender’s payment to the Administrative Agent for
the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation
under this Section 2.03. 
  
 (iv)    Until each Revolving Credit Lender
funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such amount shall be
solely for the account of the L/C Issuer. 
  
 (v)    Each Revolving Credit
Lender’s obligation to make Revolving Credit Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be
affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance
of a Default; or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section
2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Committed Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to
reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein. 
  
 (vi)    If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount
required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through the
Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is 

 
 33 








 
immediately available to the L/C Issuer at a rate per annum equal to the Federal Funds Rate from time to time in effect. A certificate of the L/C Issuer submitted to any Revolving Credit Lender
(through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error. 
  
 (d)    Repayment of Participations. 
  
 (i)    At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in accordance with
Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash
Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such
Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. 
  
 (ii)    If any payment received by the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section
10.06 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of the L/C Issuer its Pro Rata Share thereof on demand of the
Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. 
  
 (e)    Obligations Absolute.    The obligation of the Borrower to reimburse the L/C Issuer
for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the
following: 
  
 (i)    any lack of validity or enforceability of such Letter of
Credit, this Agreement, or any other agreement or instrument relating thereto; 
  
 (ii)    the existence of any claim, counterclaim, setoff, defense or other right that the Borrower may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom
any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating
thereto, or any unrelated transaction; 
  
 (iii)    any draft, demand,
certificate or other document presented under such 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; or any loss or delay in the transmission
or otherwise of any document required in order to make a drawing under such Letter of Credit; 
  
 (iv)    any payment by the L/C Issuer to the beneficiary under such Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any
payment made by the L/C Issuer under such Letter of
 

 
 34 








 Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 
  
 (v)    any exchange, release or nonperfection of any Collateral, or any release or amendment or waiver
of or consent to departure from the Guaranty or any other guarantee, for all or any of the Obligations of the Borrower in respect of such Letter of Credit; or 
  
 (vi)    any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance
that might otherwise constitute a defense available to, or a discharge of, the Borrower. 
  
 The Borrower shall
promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will immediately notify the
L/C Issuer. The Borrower shall be conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless such notice is given as aforesaid. 
  
 (f)    Role of L/C Issuer.    Each Revolving Credit Lender and the Borrower agree that, in paying any drawing under a Letter
of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any
such document or the authority of the Person executing or delivering any such document. None of the L/C Issuer, any Agent-Related Person nor any of the respective correspondents, participants or assignees of the L/C Issuer shall be liable to any
Revolving Credit Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or
willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Application. The Borrower hereby assumes all risks of the acts or omissions
of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have
against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuer, any Agent-Related Person, nor any of the respective correspondents, participants or assignees of the L/C Issuer, shall be liable or responsible for
any of the matters described in clauses (i) through (v) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against the L/C Issuer, and the L/C
Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower proves were caused by the L/C Issuer’s willful misconduct
or gross negligence or the L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of
Credit. In furtherance and not in limitation of the foregoing, the L/C Issuer 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 the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in
part, which may prove to be invalid or ineffective for any reason. 

 
 35 








  
 (g)    Cash Collateral.    Upon
the request of the Administrative Agent, (i) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any
Letter of Credit may for any reason remain outstanding and partially or wholly undrawn, the Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount equal to such Outstanding Amount determined as
of the date of such L/C Borrowing or the Letter of Credit Expiration Date, as the case may be). For purposes hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of
the L/C Issuer and the Revolving Credit Lenders, as collateral for the L/C Obligations, cash or deposit account balances pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer (which documents are
hereby consented to by the Revolving Credit Lenders). Derivatives of such term have corresponding meanings. The Borrower hereby grants to the Administrative Agent, for the benefit of the L/C Issuer and the Revolving Credit Lenders, a security
interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing. Cash collateral shall be maintained in blocked, non-interest bearing deposit accounts at the Administrative Agent. If at any time the
Administrative Agent determines that any funds held as Cash Collateral are subject to any right or claim of any Person other than the Administrative Agent or that the total amount of such funds is less than the aggregate Outstanding Amount thereof,
the Borrower will, forthwith upon demand by the Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited and held in the deposit accounts at the Administrative Agent as aforesaid, an amount equal to the excess of
(i) such aggregate Outstanding Amount over (ii) the total amount of funds, if any, then held as Cash Collateral that the Administrative Agent determines to be free and clear of any such right and claim. Upon the drawing of any Letter of Credit for
which funds are on deposit as Cash Collateral, such funds shall be applied, to the extent permitted under applicable law, to reimburse the L/C Issuer. So long as no Default has occurred and is continuing and no Obligations of the Borrower or any
Loan Party that are due and payable remain unpaid, if any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be returned to the Borrower. 

 
 (h)    Applicability of ISP98 and UCP.    Unless otherwise expressly agreed by
the L/C Issuer and the Borrower when a Letter of Credit is issued, (i) the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be
in effect at the time of issuance) shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce (the
“ICC”) at the time of issuance (including the ICC decision published by the Commission on Banking Technique and Practice on April 6, 1998 regarding the European single currency (euro)) shall apply to each commercial Letter of
Credit. 
  
 (i)    Letter of Credit Fees.    The Borrower shall pay to
the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Pro Rata Share a Letter of Credit fee for each Letter of Credit equal to the Applicable Rate times the daily maximum amount available to be drawn under
such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Such letter of credit fees shall be computed on a quarterly basis in arrears. Such letter of credit fees shall be due and payable on the first
Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. If there is any
change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.


 
 36 








  
 (j)    Fronting Fee and Documentary and Processing Charges
Payable to L/C Issuer.    The Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to each Letter of Credit in the amounts and at the times as separately agreed between the L/C Issuer
and the Borrower. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to
letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 
  
 (k)    Conflict with Letter of Credit Application.    In the event of any conflict between the terms hereof and the terms of any Letter of Credit
Application, the terms hereof shall control. 
  
 2.04    Swing Line Loans. 

 
 (a)    The Swing Line.    Subject to the terms and conditions set forth herein,
the Swing Line Lender agrees to make loans (each such loan, a “Swing Line Loan”) to the Borrower from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the
amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Pro Rata Share of the Outstanding Amount of Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount
of such Lender’s Commitment; provided, however, that after giving effect to any Swing Line Loan, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Loans of any
Lender (other than the Swing Line Lender), plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not
exceed such Lender’s Commitment, and provided, further, that the Borrower shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan. Within the foregoing limits, and subject to the other terms
and conditions hereof, the Borrower may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making of a Swing Line
Loan, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Pro
Rata Share times the amount of such Swing Line Loan. 
  
 (b)    Borrowing
Procedures.    Each Swing Line Borrowing shall be made upon the Borrower’s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by telephone. Each such notice must be received by
the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be
a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the
Borrower. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such
Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the
Administrative Agent (including at the request of any Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations
set forth in the proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in
 

 
 37 








 
Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line
Loan Notice, make the amount of its Swing Line Loan available to the Borrower at its office by crediting the account of the Borrower on the books of the Swing Line Lender in immediately available funds. 
  
 (c)    Refinancing of Swing Line Loans. 
  
 (i)    The Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the Borrower (which hereby
irrevocably authorizes the Swing Line Lender to so request on its behalf), that each Revolving Credit Lender make a Base Rate Loan in an amount equal to such Lender’s Pro Rata Share of the amount of Swing Line Loans then outstanding. Such
request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein
for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02. The Swing Line Lender shall furnish the Borrower with a copy of the applicable
Committed Loan Notice promptly after delivering such notice to the Administrative Agent. Each Revolving Credit Lender shall make an amount equal to its Pro Rata Share of the amount specified in such Committed Loan Notice available to the
Administrative Agent in immediately available funds for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject to Section
2.04(c)(ii), each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the Swing Line Lender.

  
 (ii)    If for any reason any Swing Line Loan cannot be refinanced by such a
Committed Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Revolving Credit
Lenders fund its risk participation in the relevant Swing Line Loan and each Revolving Credit Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in
respect of such participation. 
  
 (iii)    If any Revolving Credit Lender fails
to make available to the Administrative Agent for the account of the Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section
2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which
such payment is immediately available to the Swing Line Lender at a rate per annum equal to the Federal Funds Rate from time to time in effect. A certificate of the Swing Line Lender submitted to any Lender (through the Administrative Agent) with
respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. 
  
 (iv)    Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and
unconditional and shall not be affected by any
 

 
 38 








 
circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line Lender, the Borrower or any other Person for any reason
whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender’s obligation to make
Revolving Credit Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay Swing Line
Loans, together with interest as provided herein. 
  
 (d)    Repayment of Participations.

  
 (i)    At any time after any Revolving Credit Lender has purchased and funded
a risk participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Pro Rata Share of such payment (appropriately adjusted, in the case
of interest payments, to reflect the period of time during which such Lender’s risk participation was funded) in the same funds as those received by the Swing Line Lender. 
  
 (ii)    If any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be
returned by the Swing Line Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Revolving Credit Lender shall pay to the Swing
Line Lender its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will
make such demand upon the request of the Swing Line Lender. 
  
 (e)    Interest for Account of
Swing Line Lender.    The Swing Line Lender shall be responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Revolving Credit Lender funds its Base Rate Loan or risk participation pursuant to
this Section 2.04 to refinance such Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share shall be solely for the account of the Swing Line Lender. 
  
 (f)    Payments Directly to Swing Line Lender.    The Borrower shall make all payments of
principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender. 
  
 2.05    Voluntary Prepayments. 
  
 (a)    The Borrower
may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Loans in whole or in part and, except as set forth in clause (iv) below, such prepayments shall be without premium or penalty (but subject to Section
3.05); provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans;
(ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; (iii) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple
of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding and (iv) any prepayment of Term Loans shall be accompanied by a premium of
 

 
 39 








 
(A) 2% of the principal amount thereof if such optional prepayment is made in the first 12 months after the Closing Date and (B) 1% of the principal amount thereof if such optional prepayment is
made in the second 12 months after the Closing Date. Each such notice shall specify the date and amount of such prepayment, the Type(s) of Loans to be prepaid and whether the Loans to be prepaid are Revolving Credit Loans or Term Loans. The
Administrative Agent will promptly notify each Appropriate Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. If such notice is given by the Borrower, the Borrower shall make such
prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Loan shall be accompanied by all accrued interest thereon, together with, in the case of a Eurodollar Rate Loan,
any additional amounts required pursuant to Section 3.05. Each prepayment of the outstanding Term Loans pursuant to this subsection (a) shall be applied to the principal repayment installments thereof on a pro-rata basis, and each prepayment
shall be applied to the Loans of the Appropriate Lenders in accordance with their respective Pro Rata Shares. 
  
 (b)
The Borrower may, upon notice to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such
notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the
date and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified such notice shall be due and payable on the date specified therein. in 
  
 2.06    Mandatory Prepayments. 
  
 (a)    The Borrower shall, on the 90th day following the end of each Fiscal Year commencing with Fiscal Year 2004, prepay an aggregate principal amount
of the Loans and Cash Collateralize the L/C Obligations in an amount equal to (i) 75% of Excess Cash Flow for such Fiscal Year if the Consolidated Total Leverage Ratio is greater than 2.00:1.00 at the end of such Fiscal Year, and (ii) 50% of such
Excess Cash Flow for such Fiscal Year if the Consolidated Total Leverage Ratio is less than or equal to 2.00:1.00 at the end of such Fiscal Year. Each such prepayment shall be applied ratably first to the Term Facility pro rata to the
scheduled amortization payments thereof until all are paid in full and second to the Revolving Credit Facility as set forth in clause (f) below. 
  
 (b)    The Borrower shall, on the date of receipt of the Net Cash Proceeds by any Loan Party or any of its Subsidiaries from (i) the Disposition of any assets of any Loan Party or
any of its Subsidiaries (other than (x) any sale, lease, transfer or other disposition of assets pursuant to clauses (b), (c), (d) and (h) of Section 7.05 and (y) the first $10,000,000 in Net Cash Proceeds received from the NDC Plaza
Transaction) for an aggregate amount of $500,000 or more, (ii) the incurrence or issuance by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Indebtedness incurred or issued pursuant to Section 7.03) with the consent
of the Required Lenders, (iii) the sale or issuance by any Loan Party or any of its Subsidiaries of any Equity Interests (including, without limitation, receipt of any capital contribution and excluding any issuances of Equity Interests by the
Borrower for the sole purpose of consummating the Investment in TechRx to the extent permitted by Section 7.02(c)) and (iv) any Extraordinary Receipt received by or paid to or for the account of any Loan Party or any of its Subsidiaries and
not otherwise included in clause (i), (ii) or (iii) above, prepay an aggregate principal amount of the Loans and Cash Collateralize the L/C Obligations in an amount equal to (x) in the case of clause (i), (ii) or (iv), 100% and (y) in the case of
clause (iii), 50%, of the amount of such Net Cash Proceeds. Each
 

 
 40 








 
such prepayment shall be applied ratably first to the Term Facility pro rata to the scheduled amortization payments thereof until all are paid in full and second to the Revolving
Credit Facility as set forth in clause (f) below; provided that, with respect to any Net Cash Proceeds realized under a Disposition described in clause (b)(i) above, at the option of the Borrower (as elected by the Borrower in writing to the
Administrative Agent on or prior to the date of such Disposition), and so long as no Default shall have occurred and be continuing, the Borrower may reinvest all or any portion of such Net Cash Proceeds in similar assets so long as (A) within 90
days following receipt of such Net Cash Proceeds, a definitive purchase agreement for the purchase of such assets with such proceeds shall have been entered into (as certified by the Borrower in writing to the Administrative Agent) and (B) within
180 days after the receipt of such Net Cash Proceeds, such purchase shall have been consummated (as certified by the Borrower in writing to the Administrative Agent); provided further, however, that any Net Cash Proceeds not so
reinvested shall be immediately applied to the prepayment of the Loans as set forth above. 
  
 (c)    If for any reason the Revolving Credit Outstandings at any time exceed the Revolving Credit Facility then in effect, the Borrower shall immediately prepay Revolving Credit Loans and/or Cash Collateralize
the L/C Obligations in an aggregate amount equal to such excess. 
  
 (d)    The Borrower shall,
on each Business Day, Cash Collateralize the L/C Obligations in an amount equal to the amount by which the L/C Obligations exceeds the Letter of Credit Sublimit on such Business Day. 
  
 (e)    If for any reason the Outstanding Amount of Swing Line Loans at any time exceed the Swing Line Sublimit then in effect, the Borrower shall
immediately prepay Swing Line Loans in an aggregate amount equal to such excess. 
  
 (f)    Prepayments of the Revolving Credit Facility made pursuant to clause (a), (b) or (c) above shall be first applied to prepay L/C Advances then outstanding until such L/C Advances are paid in full, and
second applied to prepay Swing Line Loans then outstanding until such Swing line Loans are paid in full, and third, applied to prepay Revolving Credit Loans then outstanding comprising part of the same Borrowings until such Loans are
paid in full and fourth, applied to Cash Collateralize 100% of the L/C Obligations; and, in the case of prepayments of the Revolving Credit Facility required pursuant to clause (a) or (b) above, the amount remaining (if any) after the
prepayment in full of the Loans then outstanding and the Cash Collateralization of 100% of the L/C Obligations (the sum of such prepayment amounts, Cash Collateralization amounts and remaining amount being referred to herein as the
“Reduction Amount”) may be retained by the Borrower. Upon the drawing of any Letter of Credit that has been Cash Collateralized, such funds shall be applied (without any further action by or notice to or from the Borrower or any
other Loan Party) to reimburse the L/C Issuer or Revolving Credit Lenders, as applicable. 
  
 (g)    All prepayments under this Section 2.06 shall be made together with (i) accrued and unpaid interest to the date of such prepayment on the principal amount prepaid and (ii) in the case of any such
prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. 
  

2.07    Termination or Reduction of Commitments 
  
 (a)    The Borrower may, upon notice to the Administrative Agent, terminate unused amounts of the Revolving Credit Facility, or from time to time permanently reduce the unused
portions of the Revolving Credit Facility; provided that (i) any such notice shall be received by the
 

 
 41 








 
Administrative Agent not later than 11:00 a.m. three Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or
any whole multiple of $1,000,000 in excess thereof, and (iii) the Borrower shall not terminate or reduce the Revolving Credit Facility if, after giving effect thereto and to any concurrent prepayments hereunder, the Revolving Credit Outstandings
would exceed the Revolving Credit Facility. The Administrative Agent will promptly notify the Appropriate Lenders of any such notice of termination or reduction of the Revolving Credit Facility. Any reduction of the Revolving Credit Facility shall
be applied to the Commitment of each Appropriate Lender according to its Pro Rata Share. All commitment fees accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such
termination. 
  
 (b)    On the date of the Term Borrowing, after giving effect to such Term
Borrowing, and from time to time thereafter upon each repayment or prepayment of the Term Loans, the aggregate Term Commitments of the Term Lenders shall be automatically and permanently reduced, on a pro rata basis, by an amount equal to the amount
by which the aggregate Term Commitments immediately prior to such reduction exceed the aggregate unpaid principal amount of the Term Loans then outstanding. 
  
 (c)    The Letter of Credit Sublimit and the Swing Line Sublimit shall be permanently reduced from time to time on the date of each reduction in the Revolving Credit Facility by the
amount, if any, by which the amount of the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, exceeds the Revolving Credit Facility after giving effect to such reduction of the Revolving Credit Facility. 

 
 (d)    Upon the occurrence and during the existence of an Event of Default, the Revolving Credit Facility
shall be automatically and permanently reduced, on a pro rata basis, on each date on which prepayment thereof is required to be made pursuant to Section 2.06(a) or (b) if requested by the Required Revolving Credit Lenders in an amount
equal to the applicable Reduction Amount, provided that each such reduction of the Revolving Credit Facility shall be made ratably among the Revolving Credit Lenders in accordance with their Revolving Credit Commitments. 

 
 2.08     Repayment of Loans 
  
 (a)    The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders the aggregate outstanding principal amount of
the Term Loans on the following dates in the amounts indicated (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05, 2.06 and 2.07):

  
 
	 Date
 
	  	 Amount
 

	 August 31, 2003
 	  	 $1,562,500
 
	 November 30, 2003
 	  	 $1,562,500
 
	 February 28, 2004
 	  	 $1,562,500
 
	 May 31, 2004
 	  	 $1,562,500
 
	 
	 August 31, 2004
 	  	 $1,562,500
 
	 November 30, 2004
 	  	 $1,562,500
 
	 February 28, 2005
 	  	 $1,562,500
 
	 May 31, 2005
 	  	 $1,562,500
 

 

 
 42 








  
 
	 Date
 
	  	 Amount
 

	 August 31, 2005
 	  	 $  1,562,500
 
	 November 30, 2005
 	  	 $  1,562,500
 
	 February 28, 2006
 	  	 $  1,562,500
 
	 May 31, 2006
 	  	 $  1,562,500
 
	 
	 August 31, 2006
 	  	 $  1,562,500
 
	 November 30, 2006
 	  	 $  1,562,500
 
	 February 28, 2007
 	  	 $  1,562,500
 
	 May 31, 2007
 	  	 $  1,562,500
 
	 
	 August 31, 2007
 	  	 $  1,562,500
 
	 November 30, 2007
 	  	 $  1,562,500
 
	 February 28, 2008
 	  	 $24,218,750
 
	 May 31, 2008
 	  	 $24,218,750
 
	 
	 August 31, 2008
 	  	 $24,218,750
 
	 November 30, 2008
 	  	 $24,218,750
 

 
  
 provided, however, that the final principal installment shall be repaid on
the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Loans outstanding on such date. 
  
 (b)    The Borrower shall repay to the Administrative Agent for the ratable account of the Revolving Credit Lenders on the Maturity Date for the
Revolving Credit Facility the aggregate principal amount of the Revolving Credit Loans then outstanding. 
  
 (c)    The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date five Business Days after such Loan is made and (ii) the Maturity Date. 
  
 2.09    Interest. 
  
 (a)    Subject to the provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a
rate per annum equal to the Applicable Rate for Eurodollar Rate Loans for such Interest Period; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to
the Applicable Rate for Base Rate Loans; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Applicable Rate for Revolving Credit Loans
comprised of Base Rate Loans. 
  
 (b)    If any amount payable by the Borrower under any Loan
Document is not paid when due (after any applicable grace periods), whether at stated maturity, by acceleration or otherwise, at the request of the Required Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum
at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. Furthermore, while any Event of Default exists, at the request of the Required Lenders, the Borrower shall pay interest on the amount of all outstanding
Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest 

 
 43 








  
 extent permitted by applicable Laws. Accrued and unpaid interest on past due amounts (including interest
on past due interest) shall be due and payable upon demand. 
  
 (c)    Interest on each Loan
shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and
before and after the commencement of any proceeding under any Debtor Relief Law. 
  
 2.10    Fees.    In addition to certain fees described in subsections (i) and (j) of Section 2.03: 
  
 (a)    Commitment Fee.    The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender
in accordance with its Pro Rata Share, a commitment fee (the “Commitment Fee”) equal to the Applicable Rate times the actual daily amount by which the Revolving Credit Facility exceeds the sum of (i) the Outstanding Amount of
Revolving Credit Loans and (ii) the Outstanding Amount of L/C Obligations. The commitment fee shall accrue on the Closing Date and at all times during the Availability Period, including at any time during which one or more of the conditions in
Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, on any date of termination of
the Revolving Credit Commitments pursuant to Section 2.07, and on the Maturity Date for the Revolving Credit Facility. 
  
 (b)     Other Fees.    (i) The Borrower shall pay to the Arrangers and the Administrative Agent for their own respective accounts fees in the amounts and at the times specified in the
Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
  
 (ii)    The Arrangers shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not
be refundable for any reason whatsoever. 
  
 2.11    Computation of Interest and
Fees.    All computations of interest for Base Rate Loans when the Base Rate is determined by the Administrative Agent’s “prime rate” and for Commitment Fees shall be made on the basis of a year of 365 or 366
days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed
on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is
repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes,
absent manifest error. 
  
 2.12    Evidence of Debt. 
  
 (a)    The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by
such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by
the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any 

 
 44 








 error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to
the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall
control in the absence of manifest error. Upon the request of any Appropriate Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Credit Note or a Term
Note or a Swing Line Note, as applicable, which shall evidence such Lender’s Revolving Credit Loans or Term Loans or Swing Line Loans, as applicable, in addition to such accounts or records. Each Appropriate Lender may attach schedules to its
Revolving Credit Note or Term Note or Swing Line Note, as applicable, and endorse thereon the date, Type (if applicable), amount and maturity of its Revolving Credit Loans or Term Loans or Swing Line Loans, as applicable, and payments with respect
thereto. 
  
 (b)    In addition to the accounts and records referred to in subsection (a), each
Revolving Credit Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event
of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Revolving Credit Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the
absence of manifest error. 
  
 (c)    Entries made in good faith by the Administrative Agent in
the Register pursuant to subsection (b) above, and by each Lender in its account or accounts pursuant to subsection (a) above, shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable
from the Borrower to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement and the other Loan Documents, absent manifest error; provided that the failure of the
Administrative Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of the Borrower under this Agreement and the other Loan
Documents. 
  
 2.13    Payments Generally. 
  
 (a)    All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim,
defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Appropriate Lenders to which such payment is owed, at
the Administrative Agent’s Office in Dollars and in immediately available funds not later than 12 noon on the date specified herein. The Administrative Agent will promptly distribute to each Appropriate Lender its Pro Rata Share (or other
applicable share as provided herein) of such payment by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 12 noon shall be deemed received on the next succeeding Business Day and any
applicable interest or fee shall continue to accrue. 
  
 (b)    If any payment to be made by the
Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be; provided, however,
that, if such extension would cause payment of interest on or principal of Eurodollar Rate Loans to be made in the next succeeding calendar month, such payment shall be made on the immediately preceding Business Day. 

 
 45 








  
 (c)    Unless the Borrower or any Lender has notified the
Administrative Agent, prior to the date any payment is required to be made by it to the Administrative Agent hereunder, that the Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that the
Borrower or such Lender, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment
was not in fact made to the Administrative Agent in immediately available funds, then: 
  
 (i)    if the Borrower failed to make such payment, each Appropriate Lender shall forthwith on demand repay to the Administrative Agent the portion of such assumed payment that was made available to such Lender in
immediately available funds, together with interest thereon in respect of each day from and including the date such amount was made available by the Administrative Agent to such Lender to the date such amount is repaid to the Administrative Agent in
immediately available funds at the Federal Funds Rate from time to time in effect; and 
  
 (ii)    if any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof in immediately available funds, together with interest thereon for the
period from the date such amount was made available by the Administrative Agent to the Borrower to the date such amount is recovered by the Administrative Agent (the “Compensation Period”) at a rate per annum equal to the Federal
Funds Rate from time to time in effect. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in the applicable Borrowing. If such Lender does not pay such amount forthwith
upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the Borrower, and the Borrower shall pay such amount to the Administrative Agent, together with interest thereon for the Compensation
Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein shall be deemed to relieve any Appropriate Lender from its obligation to fulfill its Commitment or to prejudice any rights which the
Administrative Agent or the Borrower may have against any Appropriate Lender as a result of any default by such Lender hereunder. 
  
 A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection (c) shall be conclusive, absent manifest error. 
  
 (d)    If any Appropriate Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing
provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in
accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 
  
 (e)    The obligations of the Lenders hereunder to make Loans and to fund participations in Letters of Credit and Swing Line Loans are several and not joint. The failure of any
Appropriate Lender to make any Loan or to fund any such participation on any date required hereunder shall not relieve any other Appropriate Lender of its corresponding obligation to do so on such date, and no Appropriate Lender shall be responsible
for the failure of any other Appropriate Lender to so make its Loan or purchase its participation. 

 
 46 








  
 (f)    Nothing herein shall be deemed to obligate any Lender
to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 
  
 (g)    The Borrower hereby authorizes each Lender, if and to the extent payment owed to such Lender is not made when
due hereunder or, in the case of a Lender, under the Note held by such Lender, to charge from time to time against any or all of the Borrower’s accounts with such Lender any amount so due. 
  

(h)    Whenever any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is insufficient to pay in
full all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan Documents on any date, such payment shall be distributed by the Administrative Agent and applied by the
Administrative Agent and the Lenders in the order of priority set forth in Section 8.03. If the Administrative Agent receives funds for application to the Obligations of the Loan Parties under or in respect of the Loan Documents under
circumstances for which the Loan Documents do not specify the manner in which such funds are to be applied, the Administrative Agent may, but shall not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such
Lender’s Pro Rata Share of the sum of (A) the aggregate principal amount of all Loans outstanding at such time and (b) the aggregate amount of all L/C Obligations outstanding at such time, in repayment or prepayment of such of the outstanding
Loans or other Obligations then owing to such Lender. 
  
 2.14    Sharing of
Payments.     If, other than as expressly provided elsewhere herein, any Lender shall obtain on account of the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it, any payment
(whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such
fact, and (b) purchase from the other Appropriate Lenders such participations in the Loans made by them and/or such subparticipations in the participations in L/C Obligations or Swing Line Loans held by them, as the case may be, as shall be
necessary to cause such purchasing Lender to share the excess payment in respect of such Loans or such participations, as the case may be, pro rata with each of them; provided, however, that if all or any portion of such excess payment
is thereafter recovered from the purchasing Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be
rescinded and each other Appropriate Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying
Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest
thereon. The Borrower agrees that any Appropriate Lender so purchasing a participation from another Appropriate Lender may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of setoff, but subject to
Section 10.09) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation; provided further that, so long as the Obligations under the Loan
Documents shall not have been accelerated, any excess payment received by any Appropriate Lender shall be shared on a pro rata basis only with other Appropriate Lenders. The Administrative Agent will keep records (which shall be conclusive and
binding in the absence of manifest error) of participations purchased under this Section and will in each case notify the Appropriate Lenders following any such purchases or repayments. Each Lender that purchases a participation pursuant to this
Section shall from and after such purchase have the right 

 
 47 








  
 to give all notices, requests, demands, directions and other communications under this Agreement with
respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased. 
  
 2.15    Defaulting Lenders. 
  
 (a)    In the event that, at any one time, (i) any Lender shall be a Defaulting Lender, (ii) such Defaulting Lender shall owe a Defaulted Amount to the Administrative Agent, the L/C Issuer, the Swing Line Lender
or any of the other Lenders and (iii) the Borrower shall make any payment hereunder or under any other Loan Document to the Administrative Agent for the account of such Defaulting Lender, then the Administrative Agent may, on its behalf or on behalf
of the L/C Issuer, the Swing Line Lender or such other Lender and to the fullest extent permitted by applicable law, apply at such time the amount so paid by the Borrower to or for the account of such Defaulting Lender to the payment of each such
Defaulted Amount to the extent required to pay such Defaulted Amount. In the event that the Administrative Agent shall so apply any such amount to the payment of any such Defaulted Amount on any date, the amount so applied by the Administrative
Agent shall constitute for all purposes of this Agreement and the other Loan Documents payment, to such extent, of such Defaulted Amount on such date. Any such amount so applied by the Administrative Agent shall be retained by the Administrative
Agent or distributed by the Administrative Agent to such the L/C Issuer, the Swing Line Lender and the other Lenders, ratably in accordance with the respective portions of such Defaulted Amounts payable at such time to the Administrative Agent, the
L/C Issuer, the Swing Line Lender and the other Lenders and, if the amount of such payment made by the Borrower shall at such time be insufficient to pay all Defaulted Amounts owing at such time to the Administrative Agent, the L/C Issuer, the Swing
Line Lender and the other Lenders, in the following order of priority: 
  
 (i)    first,
to the Administrative Agent for any Defaulted Amount then owing to the Administrative Agent; and 
  
 (ii)    second, to the L/C Issuer, the Swing Line Lender or any other Lenders for any Defaulted Amounts then owing to the L/C Issuer, the Swing Line Lender or any other Lenders, ratably in accordance with
such respective Defaulted Amounts then owing to the L/C Issuer, the Swing Line Lender or such other Lenders. 
  
 Any portion of such amount
paid by the Borrower for the account of such Defaulting Lender remaining, after giving effect to the amount applied by the Administrative Agent pursuant to this subsection (a), shall be applied by the Administrative Agent as specified in subsection
(b) of this Section 2.15. 
  
 (b)    In the event that, at any one time, (i) any Lender
shall be a Defaulting Lender, (ii) such Defaulting Lender shall not owe a Defaulted Loan or a Defaulted Amount and (iii) the Borrower, the Administrative Agent, the L/C Issuer, the Swing Line Lender or any other Lender shall be required to pay or
distribute any amount hereunder or under any other Loan Document to or for the account of such Defaulting Lender, then the Borrower, the L/C Issuer, the Swing Line Lender or such other Lender shall pay such amount to the Administrative Agent to be
held by the Administrative Agent, to the fullest extent permitted by applicable law, in escrow or the Administrative Agent shall, to the fullest extent permitted by applicable law, hold in escrow such amount otherwise held by it. Any funds held by
the Administrative Agent in escrow under this subsection (b) shall be deposited by the Administrative Agent in an account with the Administrative Agent, in the name and under the control of the Administrative Agent, but subject to the provisions of
this subsection (b). The terms applicable to such account, including the rate of 

 
 48 








  
 interest payable with respect to the credit balance of such account from time to time, shall be the
Administrative Agent’s standard terms applicable to escrow accounts maintained with it. Any interest credited to such account from time to time shall be held by the Administrative Agent in escrow under, and applied by the Administrative Agent
from time to time in accordance with the provisions of, this subsection (b). The Administrative Agent shall, to the fullest extent permitted by applicable law, apply all funds so held in escrow from time to time to the extent necessary to make any
Loans required to be made by such Defaulting Lender and to pay any amount payable by such Defaulting Lender hereunder and under the other Loan Documents to the Administrative Agent, the L/C Issuer, the Swing Line Lender or any other Lender, as and
when such Loans or amounts are required to be made or paid and, if the amount so held in escrow shall at any time be insufficient to make and pay all such Loans and amounts required to be made or paid at such time, in the following order of
priority: 
  
 (i)    first, to the Administrative Agent for any amount
then due and payable by such Defaulting Lender to the Administrative Agent hereunder; 
  
 (ii)    second, to the L/C Issuer, the Swing Line Lender or any other Lender for any amount then due and payable by such Defaulting Lender to the L/C Issuer, the Swing Line Lender or such other Lender
hereunder, ratably in accordance with such respective amounts then due and payable to the L/C Issuer, the Swing Line Lender and such other Lenders; and 
  
 (iii)    third, to the Borrower for any Loan then required to be made by such Defaulting Lender pursuant to a Revolving Credit
Commitment of such Defaulting Lender. 
  
 In the event that any Lender that is a Defaulting Lender shall, at any
time, cease to be a Defaulting Lender, any funds held by the Administrative Agent in escrow at such time with respect to such Lender shall be distributed by the Administrative Agent to such Lender and applied by such Lender to the Obligations owing
to such Lender at such time under this Agreement and the other Loan Documents ratably in accordance with the respective amounts of such Obligations outstanding at such time. 
  
 (c)    The rights and remedies against a Defaulting Lender under this Section 2.15 are in addition to other rights and remedies that the Borrower
may have against such Defaulting Lender with respect to any Defaulted Loan and that the Administrative Agent or any Lender may have against such Defaulting Lender with respect to any Defaulted Amount. 
  
 ARTICLE III. 
 TAXES, YIELD PROTECTION AND
ILLEGALITY 
  
 3.01    Taxes. 
  

(a)    Subject to Section 10.15, any and all payments by the Borrower to or for the account of the Administrative Agent or any Lender under any
Loan Document shall be made free and clear of and without deduction for any and all present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, and all liabilities with respect thereto,
excluding, in the case of the Administrative Agent and each Lender, taxes imposed on or measured by its overall net income, and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision
thereof) under the Laws of which the Administrative Agent or such Lender, as the case may be, is organized or maintains a lending 

 
 49 








  
 office (all such non-excluded taxes, duties, levies, imposts, deductions, assessments, fees,
withholdings or similar charges, and liabilities being hereinafter referred to as “Taxes”). Subject to Section 10.15, if the Borrower shall be required by any Laws to deduct any Taxes from or in respect of any sum payable under any
Loan Document to the Administrative Agent or any Lender, (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 3.01),
each of the Administrative Agent and such Lender receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions, (iii) the Borrower shall pay the full amount deducted to the
relevant taxation authority or other authority in accordance with applicable Laws, and (iv) within 30 days after the date of such payment, the Borrower shall furnish to the Administrative Agent (which shall forward the same to such Lender) the
original or a certified copy of a receipt evidencing payment thereof to the extent such a receipt is issued therefor, or other written proof of payment thereof that is reasonably satisfactory to the Administrative Agent. 
  
 (b)    In addition, the Borrower agrees to pay any and all present or future stamp, court or documentary taxes and any
other excise or property taxes or charges or similar levies which arise from any payment made under any Loan Document or from the execution, delivery, performance, enforcement or registration of, or otherwise with respect to, any Loan Document
(hereinafter referred to as “Other Taxes”). 
  
 (c)    If the Borrower shall be
required to deduct or pay any Taxes or Other Taxes from or in respect of any sum payable under any Loan Document to the Administrative Agent or any Lender, the Borrower shall also pay to the Administrative Agent or to such Lender, as the case may
be, at the time interest is paid, such additional amount that the Administrative Agent or such Lender specifies is necessary to preserve the after-tax yield (after factoring in all taxes, including taxes imposed on or measured by net income) that
the Administrative Agent or such Lender would have received if such Taxes or Other Taxes had not been imposed. 
  
 (d)    The Borrower agrees to indemnify the Administrative Agent and each Lender for (i) the full amount of Taxes and Other Taxes (including any Taxes or Other Taxes imposed or asserted by any jurisdiction on
amounts payable under this Section 3.01) paid by the Administrative Agent and such Lender, (ii) amounts payable under Section 3.01(c) and (iii) any liability (including additions to tax, penalties, interest and expenses) arising
therefrom or with respect thereto, in each case whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. Payment under this subsection (d) shall be made within 30 days after the
date the Lender or the Administrative Agent makes a demand therefor. 
  
 3.02    Illegality.    If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its
applicable Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine or charge interest rates based upon the Eurodollar Rate, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any
obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to
such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate
Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar


 
 50 








  
 Rate Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the
amount so prepaid or converted. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the good faith judgment of such Lender, otherwise be materially disadvantageous to
such Lender. 
  
 3.03    Inability to Determine Rates.    If the
Required Lenders determine that for any reason adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or that the Eurodollar Rate for any
requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, or that dollar deposits are not being offered to banks in the London interbank eurodollar
market for the applicable amount and the Interest Period of such Eurodollar Rate Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans
shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of
Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Committed Borrowing of Base Rate Loans in the amount specified therein. 
  
 3.04    Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Rate Loans. 
  
 (a)    If any Lender determines that as a result of the introduction after the date hereof of or any change in or in
the interpretation after the date hereof of any Law, or such Lender’s compliance therewith, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining Eurodollar Rate Loans or (as the case may
be) issuing or participating in Letters of Credit, or a reduction in the amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this subsection (a) any such increased costs or reduction in
amount resulting from (i) Taxes or Other Taxes (as to which Section 3.01 shall govern), (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political
subdivision of either thereof under the Laws of which such Lender is organized or has its Lending Office, and (iii) reserve requirements contemplated by Section 3.04(c)), then from time to time upon demand of such Lender (with a copy of such
demand to the Administrative Agent), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction. 
  
 (b)    If any Lender determines that the introduction after the date hereof of any Law regarding capital adequacy or any change after the date hereof
therein or in the interpretation thereof, or compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of such
Lender’s obligations hereunder (taking into consideration its policies with respect to capital adequacy and such Lender’s desired return on capital), then from time to time upon demand of such Lender (with a copy of such demand to the
Administrative Agent), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such reduction. 
  
 (c)    The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits
(currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated 

 
 51 








  
 to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be
conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have received at least 15 days’ prior notice (with a copy to the Administrative Agent) of such additional interest
from such Lender. If a Lender fails to give notice 15 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 15 days from receipt of such notice. 
  
 3.05    Funding Losses.    Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the
Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 
  
 (a)    any continuation, conversion, payment or prepayment of any Eurodollar Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary,
mandatory, automatic, by reason of acceleration, or otherwise); or 
  
 (b)    any failure by the
Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Eurodollar Rate Loan on the date or in the amount notified by the Borrower; 
  

including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate
the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 
  
 For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate
Loan made by it at the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so
funded. 
  
 3.06    Matters Applicable to all Requests for
Compensation.    A written notice from the Administrative Agent or any Lender claiming compensation under this Article III and setting forth the additional amount or amounts to be paid to it hereunder shall be
conclusive in the absence of manifest error. In determining such amount, the Administrative Agent or such Lender may use any reasonable averaging and attribution methods. 
  
 3.07    Survival.    All of the Borrower’s obligations under this Article III shall survive termination of the
Aggregate Commitments and repayment of all other Obligations hereunder. 
  
 3.08    Mitigation
of Obligations. 
  
 (a)    If any Lender requests compensation under Section 3.04, or
if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, then such Lender shall use reasonable efforts to designate a different lending office
for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such Lender, such designation or assignment (i) would eliminate or reduce
amounts payable under Section 3.04 or Section 3.01, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower
hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with such designation or assignment. 

 
 52 








  
 (b)    If any Lender requests compensation under Section
3.04, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority of the account of any Lender pursuant to Section 3.01, or if any Lender defaults in its obligations to fund Loans hereunder,
then the Borrower may, at its sole expense and effort, so long as no Event of Default has occurred and is continuing, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in
accordance with and subject to the restrictions set forth in Section 10.7) all its interests, rights and obligations under this Agreement to an Eligible Assignee that shall assume such obligations (which Eligible Assignee may be another
Lender); provided, that (i) the Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not be unreasonably withheld, (ii) such Lender shall have received payment of an amount equal to the
outstanding principal amount of all Loans owed to it, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the Eligible Assignee (in the case of such outstanding principal and accrued interest) and from the
Borrower (in the case of all other amounts) and (iii) in the case of a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation
or payments. A Lender shall not be required to make any such assignment and delegation (i) if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation
cease to apply or (ii) if the circumstance entitling the Borrower to require such assignment and delegation apply to more than one Lender (each an “Affected Lender”) at such time and, if such circumstance involves any payment to be
made by the Borrower, the amount required to be paid by the Borrower in respect of such Lender is not materially greater than the respective amounts required to be paid to the other Affected Lenders at such time, unless all such Affected Lenders are
required to assign and delegate their interests, rights and obligations under this Agreement in accordance with this Section 3.08(b). 
  
 ARTICLE IV. 
 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 
  
 4.01    Conditions of Initial Credit Extension.    The obligation of each Lender to make its initial Credit Extension
hereunder is subject to satisfaction of the following conditions precedent: 
  
 (a)    The
Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party unless
otherwise specified, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent, the Arrangers and their
legal counsel: 
  
 (i)    executed counterparts of this Agreement, sufficient in
number for distribution to the Arrangers, the Administrative Agent each Lender and the Borrower; 
  
 (ii)    Notes executed by the Borrower in favor of each Lender requesting a Note prior to the Closing Date; 
  
 (iii)    such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent
or the Arrangers may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with 

 
 53 








 the Transaction, this Agreement and the other Loan Documents to which such Loan Party is a party or is to
be a party; 
  
 (iv)    such documents and certifications as the Administrative
Agent or the Arrangers may reasonably require to evidence that each Loan Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of
properties or the conduct of its business requires such qualification, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; 
  
 (v)    the favorable opinions of (A) David Oles, senior attorney of the Loan Parties and (B) King & Spalding, special counsel to the
Loan Parties, addressed to the Arrangers, the Administrative Agent and each Lender, as to the matters set forth in Exhibit G and such other matters concerning the Loan Parties, the Loan Documents and the Transaction as the Arrangers or the
Required Lenders may reasonably request; 
  
 (vi)    a certificate of a
Responsible Officer of each Loan Party either (A) attaching copies of all consents, licenses and approvals required in connection with the execution, delivery and performance by such Loan Party and the validity against such Loan Party of the Loan
Documents to which it is a party, and such consents, licenses and approvals shall be in full force and effect, or (B) stating that no such consents, licenses or approvals are so required; 
  
 (vii)    a certificate signed by a Responsible Officer of the Borrower certifying (A) that the conditions specified in Sections
4.02(a) and (b) have been satisfied, (B) that there has been no event or circumstance since the date of the Audited Financial Statements that has had or could be reasonably expected to have, either individually or in the aggregate, a
Material Adverse Effect, and (C) a calculation of the Consolidated Total Leverage Ratio as of the last day of the fiscal quarter of the Borrower most recently ended prior to the Closing Date both on an actual basis as of the date of determination
and on a pro forma basis (as it pertains to Indebtedness incurred on the Closing Date), showing a Consolidated Total Leverage Ratio of not more than 3.30 to 1.00; 
  
 (viii)    a security agreement in substantially the form of Exhibit H (together with each other security agreement and security
agreement supplement delivered pursuant to Section 6.12, in each case as amended, supplemented or otherwise modified from time to time, the “Security Agreement”), duly executed by each Loan Party, together with: 

 
 (A)    certificates representing the Pledged Shares referred to therein accompanied by
undated stock powers executed in blank and instruments evidencing the Pledged Debt referred to therein indorsed in blank, 
  
 (B)    proper financing statements, duly filed or authorized on or before the Closing Date under the Uniform Commercial Code of all jurisdictions that the Arrangers may deem necessary or desirable in
order to perfect and protect the first priority liens and security interests created under the Collateral Documents, covering the Collateral described in the Collateral Documents, 
  
 (C)    satisfactory completed requests for information, dated on or near the Closing Date, listing all effective financing statements
filed in the jurisdictions referred to in clause (B) above that name any Loan Party or predecessor as debtor, 

 
 54 








  
 together with copies of such financing statements, together with due
intellectual property, judgment and tax searches, 
  
 (D)    evidence of the
completion or authorization of all other recordings and filings of or with respect to the Collateral Documents (including as to intellectual property) that the Arrangers may deem necessary or desirable in order to perfect and protect the Liens
created thereby, 
  
 (E)    evidence of the insurance required by the terms of
the Security Agreement accompanied by a broker’s or similar letter as to adequacy and compliance of insurance in form satisfactory to the Administrative Agent, 
  
 (F)    copies of the Assigned Agreements referred to in the Security Agreement, 
  

(G)    the Pledged Account Letters referred to in and to the extent required by the Security Agreement, duly executed by each
Pledged Account Bank referred to in the Security Agreement, and 
  
 (H)    reasonably satisfactory evidence that all other action that the Arrangers or the Administrative Agent may deem necessary or desirable in order to perfect and protect the first priority liens and security
interests created under the Collateral Documents has been taken (including, without limitation, receipt of duly executed payoff letters, UCC-3 termination statements and, if reasonably requested by the Arrangers, landlords’ and bailees’
waiver and consent agreements). 
  
 (ix)    a guaranty in substantially the form
of Exhibit F (together with each other guaranty and guaranty supplement delivered pursuant to Section 6.12, in each case as amended, supplemented or otherwise modified from time to time, the “Guaranty”), duly executed
by each Guarantor; 
  
 (x)    a copy of a certificate of the Secretary of State
of the jurisdiction of organization or formation of each Loan Party, dated reasonably near the Closing Date, certifying (A) as to a true and correct copy of the charter of such Loan Party and each amendment thereto on file in such Secretary’s
office and (B) that (1) such amendments are the only amendments to such Loan Party’s charter on file in such Secretary’s office, (2) such Loan Party has paid all franchise taxes to the date of such certificate and (C) such Loan Party is
duly organized or formed and in good standing or presently subsisting under the laws of the State of the jurisdiction of its organization or formation; 
  
 (xi)    a certificate of each Loan Party, signed on behalf of such Loan Party by its President or a Vice President and its Secretary or
any Assistant Secretary, dated the Closing Date (the statements made in which certificate shall be true on and as of the Closing Date), certifying as to (A) the absence of any amendments to the charter of such Loan Party since the date of the
Secretary of State’s certificate referred to in clause (x) above, (B) a true and correct copy of the other Organization Documents of such Loan Party as in effect on the date on which the resolutions referred to in clause (iii) above were
adopted and on the Closing Date, (C) the due organization or formation and good standing or valid existence of such Loan Party as a corporation, limited liability company or partnership, as the case may be, organized under the laws of the
jurisdiction of its organization or formation, and the absence of any proceeding for the dissolution or 

 
 55 








 liquidation of such Loan Party, (D) the truth of the representations and warranties contained in the Loan Documents as
though made on and as of the Closing Date and (E) the absence of any event occurring and continuing, or resulting from the initial Credit Extension, that constitutes a Default; 
  
 (xii)    certified copies of each of the Related Documents, duly executed by the parties thereto and in form and substance satisfactory
to the Arrangers and the Administrative Agent, accompanied by due certifications that none of such documents, have been amended or waived as of the Closing Date (unless consented to in writing by the Arrangers and the Administrative Agent), together
with all agreements, instruments and other documents delivered in connection therewith as the Arrangers and the Administrative Agent shall request; 
  
 (xiii)    certificates, in form and substance satisfactory to the Arrangers, attesting to the Solvency of the Loan Parties before and
after giving effect to the Transaction, from its Chief Financial Officer; 
  
 (xiv)    evidence of insurance naming the Administrative Agent as additional insured and loss payee with such responsible and reputable insurance companies or associations, and in such amounts and covering such
risks, as is reasonably satisfactory to the Arrangers and the Administrative Agent; and 
  
 (xv)    a Committed Loan Notice relating to the initial Credit Extension. 
  
 (b)    Any fees required to be paid on or before the Closing Date pursuant to the Fee Letters or any other fee letter executed by the Borrower in connection with the Transaction shall have been paid in full and
all reasonable out-of-pocket fees and expenses of the Arrangers incurred in connection with the Loan Documents not covered by clause (c) below shall have been paid in full to the extent invoiced prior to or on the Closing Date. 

 
 (c)    Unless deferred by the Arrangers, the Borrower shall have paid in full all reasonable Attorney Costs
of the Arrangers to the extent invoiced prior to or on the Closing Date, plus such additional amounts of Attorney Costs as shall constitute its reasonable estimate of Attorney Costs incurred or to be incurred by it through the closing
proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Arrangers). 
  
 (d)    The Arrangers and the Administrative Agent shall be satisfied with the corporate and legal structure and capitalization of each Loan Party and each of its Subsidiaries the
Equity Interests in which are being pledged pursuant to the Loan Documents, including the terms and conditions of the Organization Documents and each class of Equity Interest in each Loan Party and each such Subsidiary and of each agreement or
instrument relating to such structure or capitalization. 
  
 (e)    The Arrangers and the
Administrative Agent shall be satisfied that all Existing Debt, other than Surviving Debt, has been prepaid, redeemed or defeased in full or otherwise satisfied and extinguished. 
  
 (f)    Both before and after giving effect to the Transaction, there shall have occurred no Material Adverse Effect since May 31, 2002. 

 
 56 








  
 (g)    There shall exist no action, suit, investigation,
litigation or proceeding affecting any Loan Party or any of its Subsidiaries pending or threatened before any Governmental Authority or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect or (ii) purports to affect the
legality, validity or enforceability of any Loan Document or the consummation of the Transaction. 
  
 (h)    All material governmental and third party consents and approvals necessary in connection with the Transaction shall have been obtained (without the imposition of any conditions that are not acceptable to
the Required Lenders) and shall remain in effect. 
  
 (i)    The Arrangers shall be reasonably
satisfied that (i) the Loan Parties will be able to meet their obligations under all employee and retiree welfare plans, (ii) the Loan Parties’ and ERISA Affiliates’ Plans shall be funded in accordance with the minimum statutory
requirements, (iii) no “Reportable Event” shall have occurred and be continuing as to any such Plan, and (iv) no termination of, or withdrawal from, any such Plan shall have occurred and be continuing or be contemplated that could
reasonably be expected to result in a material liability. 
  
 (j)    Simultaneously with the
making of the initial Credit Extension, the Borrower shall have received at least $150,000,000 in gross cash proceeds from the Senior Subordinated Note Financing pursuant to the Senior Subordinated Note Documents, without any amendment or waiver
thereof unless consented to in writing by the Arrangers and the Administrative Agent. 
  
 (k)    Simultaneously with the making of the initial Credit Extension, (i) the Existing Credit Facility shall have been prepaid in full in cash and the commitments of the lenders thereunder shall have been
terminated, (ii) any liens and security interests in respect thereof shall have been released and (iii) the Arrangers shall have received a pay-off letter reasonably satisfactory to the Arrangers and the Administrative Agent with respect to the
Existing Credit Facility. 
  
 (l)    Simultaneously with the making of the initial Credit
Extension, the Borrower shall have placed Escrowed Funds into the Escrow Account in an amount sufficient to redeem the 5% Debentures and to pay all related stated call premiums and interest and other related amounts on terms satisfactory to the
Administrative Agent and the Arrangers. 
  
 (m)    The Credit Facilities shall have received a
long-term senior secured debt rating of no less than BB- from S&P and Ba3 from Moody’s and each such rating shall remain in effect on the Closing Date. 
  
 (n)    After giving effect to the Transaction, the Borrower and its Subsidiaries shall have outstanding no Surviving Debt other than as set forth on Schedule 5.22 hereto and the
Loans hereunder. 
  
 (o)    The Arrangers and the Administrative Agent shall be satisfied that
the amount of committed financing available to the Borrower shall be sufficient to finance the Transaction and to meet its ongoing financial needs after giving effect to the Transaction. 
  
 (p)    There shall be no less than $99,720,000 of availability under the Revolving Credit Facility (after giving effect to the issuance of a Letter of
Credit hereunder in connection with the Borrower’s workman’s compensation obligations in an amount not to exceed $280,000) as of the Closing Date, after giving effect to the Transaction. 

 
 57 








  
 (q)    The Borrower shall have a Consolidated Total Leverage
Ratio of not more than 3.30:1.00 on the Closing Date after giving effect to the Transaction (with funds escrowed for application to the Senior Subordinated Notes being deemed applied thereto for purposes of such application), as certified by the
Borrower pursuant to Section 4.01(a)(vii) above. 
  
 4.02    Conditions to all Credit
Extensions.    The obligation of each Lender to honor any Request for Credit Extension (including a Committed Loan Notice requesting a conversion of Loans of one Type to the other Type, or a continuation of Eurodollar Rate
Loans) is subject to the following conditions precedent: 
  
 (a)    The representations and
warranties of the Borrower and each other Loan Party contained in Article V or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in
all material respects on and as of the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of
such earlier date, and except that for purposes of this Section 4.02, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to
clauses (a) and (b), respectively, of Section 6.01. 
  
 (b)    No Specified Default
or Event of Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds therefrom. 
  
 (c)    The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. 

 
 (d)    The Administrative Agent shall have received such other approvals, opinions or documents as any
Lender through the Administrative Agent may reasonably request. 
  
 Each Request for Credit Extension (including a
Committed Loan Notice requesting a conversion of Loans of one type to the other Type or a continuation of Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in
Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. 
  
 ARTICLE V. 
 REPRESENTATIONS AND WARRANTIES 
  
 The Borrower represents and warrants to the Administrative Agent and the Lenders that: 
  
 5.01    Existence, Qualification and Power.    Each Loan Party (a) is a corporation, partnership or limited liability company duly organized or
formed, validly existing and in good standing under the Laws of the jurisdiction of its organization or formation, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i)
own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents and the Related Documents to which it is a party, and (c) is duly qualified and is licensed and in good standing under
the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification 

 
 58 








  
 or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so
could not reasonably be expected to have a Material Adverse Effect. 
  
 5.02    Authorization;
No Contravention.    The execution, delivery and performance by each Loan Party of each Loan Document and each Related Document to which such Person is or is to be a party and the consummation of the Transaction are within
such Person’s corporate or other powers, have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict
with or result in any breach or contravention of or default under, or the creation of any Lien under or require any payment to be made under, (i) any material Contractual Obligation to which such Person is a party or affecting such Person or the
properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Law. No Loan Party or any of
its Subsidiaries is in violation of any Law or in breach of any such material Contractual Obligation, the violation or breach of which could be reasonably likely to have a Material Adverse Effect. 
  
 5.03    Governmental Authorization; Other Consents.    No approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with (i) the execution, delivery, recordation, filing or performance by, or enforcement against,
any Loan Party of any Loan Document or any Related Document to which it is or is to be a party, or for the consummation of the Transaction, (ii) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (iii) the
perfection or maintenance of the Liens created under the Collateral Documents (including the first priority nature thereof) or (iv) the exercise by the Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in
respect of the Collateral pursuant to the Collateral Documents. All applicable waiting periods in connection with the Transaction have expired without any action having been taken by any competent authority restraining, preventing or imposing
materially adverse conditions upon the Transaction or the rights of the Loan Parties or their Subsidiaries freely to transfer or otherwise dispose of, or to create any Lien on, any properties now owned or hereafter acquired by any of them.

  
 5.04    Binding Effect.    This Agreement has been, and each other
Loan Document, when delivered hereunder, and each Related Document will have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered and each Related
Document will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms. 
  
 5.05    Financial Statements; No Material Adverse Effect. 
  
 (a)    The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted
therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period
covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes,
material commitments and Indebtedness. 

 
 59 








  
 (b)    The unaudited consolidated and consolidating financial
statements of the Borrower and its Subsidiaries dated August 31, 2002, and the related consolidated and consolidating statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were
prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and
their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. Schedule 5.05 sets forth all material indebtedness and other
liabilities, direct or contingent, of the Borrower and its consolidated Subsidiaries as of the date of such financial statements, including liabilities for taxes, material commitments and Indebtedness. 
  
 (c)    The Consolidated forecasted balance sheets, statements of income and statements of cash flows of the Borrower
and its Subsidiaries delivered to the Lenders prior to the date hereof or pursuant to Section 6.01 were prepared in good faith on the basis of the assumptions stated therein, which assumptions were fair in light of the conditions existing at
the time of delivery of such forecasts, and represented, at the time of delivery, the Borrower’s best estimate of its future financial performance. 
  
 (d)    Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be
expected to have a Material Adverse Effect. 
  
 5.06    Litigation.    There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower, threatened or contemplated, at law, in equity, in
arbitration or before any Governmental Authority, by or against the Borrower or any of its Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement, any other Loan Document, any Related
Document or the consummation of the Transaction, or (b) either individually or in the aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect. 
  
 5.07    No Default.    Neither the Borrower nor any Subsidiary is in default under or with respect to, or a party to, any
Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the Transaction or the other
transactions contemplated by this Agreement or any other Loan Document. 
  
 5.08    Ownership
of Property; Liens.    Set forth on Schedule 5.08 is a complete and accurate list of all real property owned by any Loan Party or any of its Subsidiaries, showing as of the date hereof the street address, county or
other relevant jurisdiction, state, record owner and book and estimated fair value thereof. Each of the Borrower and each Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary
or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The property of the Borrower and its Subsidiaries is subject
to no Liens, other than Liens permitted by Section 7.01. 
  
 5.09    Environmental
Compliance.    The Borrower and its Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any
Environmental Law on their respective businesses, operations and properties, and as a result thereof the Borrower has 

 
 60 








  
 reasonably concluded that such Environmental Laws and claims could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. 
  
 5.10    Insurance.    The properties of the Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Borrower, in such
amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Subsidiary operates. 

 
 5.11    Payment of Taxes, Etc.    The Borrower and its Subsidiaries have filed
all Federal, state and other material tax returns and reports required to be filed, and have paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income
or assets otherwise due and payable or for which they otherwise would be liable and all lawful claims that, if unpaid, might by law become a Lien upon their properties, except those which are being contested in good faith by appropriate proceedings
diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against the Borrower or any Subsidiary that would, if made, have a Material Adverse Effect. Neither any Loan Party
nor any of its Subsidiaries is party to any tax sharing agreement. 
  
 5.12    ERISA
Compliance. 
  
 (a)    Each Plan is in compliance in all material respects with the
applicable provisions of ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is
currently being processed by the IRS with respect thereto and, to the best knowledge of the Borrower, nothing has occurred which would prevent, or cause the loss of, such qualification. Each Loan Party and each ERISA Affiliate has made all required
contributions to each Plan subject to Section 412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 
  
 (b)    There are no pending or, to the best knowledge of the Borrower, threatened claims, actions or lawsuits, or
action by any Governmental Authority, with respect to any Plan that could be reasonably be expected to have a Material Adverse Effect. To the best knowledge of any Loan Party, there has been no prohibited transaction or violation of the fiduciary
responsibility rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect. 
  
 (c)    (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability as of June 1, 2002 in excess of $8,000,000, and no Pension Plan has an
Unfunded Pension Liability as of the most recent actuarial valuation date for such plan that is reasonably expected to have a Material Adverse Effect; (iii) neither any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur,
any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (iv) to the best knowledge of any
Loan Party or any ERISA Affiliate, neither any Loan Party nor any ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of ERISA. 

 
 61 








  
 5.13    Subsidiaries; Equity
Interests.    The Borrower has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13, and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully
paid and non-assessable and are owned by a Loan Party in the amounts specified on Part (a) of Schedule 5.13 free and clear of all Liens except those created under the Collateral Documents. The Borrower has no Equity Interests in any other
corporation or entity other than those specifically disclosed in Part (b) of Schedule 5.13. 
  
 5.14    Margin Regulations; Investment Company Act; Public Utility Holding Company Act. 
  
 (a)    The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued
by the FRB), or extending credit for the purpose of purchasing or carrying margin stock and no proceeds of any Loans or drawings under any Letter of Credit will be used to purchase or carry any margin stock or to extend credit to others for the
purpose of purchasing or carrying any margin stock. 
  
 (b)    None of the Borrower, any Person
Controlling the Borrower, or any Subsidiary (i) is a “holding company,” or a “subsidiary company” of a “holding company,” or an “affiliate” of a “holding company” or of a “subsidiary
company” of a “holding company,” within the meaning of the Public Utility Holding Company Act of 1935, or (ii) is or is required to be registered as an “investment company” under the Investment Company Act of 1940. Neither
the making of any Loans, nor the issuance of any Letters of Credit, nor the application of the proceeds or repayment thereof by the Borrower, nor the consummation of the other transactions contemplated by the Loan Documents, will violate any
provision of any such Act or any rule, regulation or order of the Securities and Exchange Commission thereunder. 
  
 5.15    Disclosure.    The Borrower has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its
Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Neither the Information Memorandum nor any report, financial statement, certificate
or other information furnished (whether in writing or orally) by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the Transaction and the negotiation and syndication of the Loan Documents or from time to
time delivered thereunder (in each case, as modified or supplemented by other information so furnished) contains or will contain any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to
be reasonable at the time. 
  
 5.16    Compliance with Laws.    Each
of the Borrower and each Subsidiary is in compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such
requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. 
  
 5.17    Intellectual Property; Licenses,
Etc.    Set forth on Schedule 5.17 is a complete and accurate list of all patents, trademarks, trade names, service marks and copyrights, and all 

 
 62 








  
 applications therefor and licenses thereof, of each Loan Party or any of its Subsidiaries, showing as of
the date hereof the jurisdiction in which registered, the registration number, the date of registration and the expiration date. The Borrower and its Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names,
copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for the operation of their respective businesses, without conflict with the
rights of any other Person. To the best knowledge of the Borrower, no slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by the Borrower or any Subsidiary
infringes upon any rights held by any other Person. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected
to have a Material Adverse Effect. 
  
 5.18    Perfection of Security
Interests.    All filings and other actions necessary or desirable to perfect and protect the security interest in the Collateral created under the Collateral Documents have been duly made or taken and are in full force and
effect, and the Collateral Documents create in favor of the Administrative Agent for the benefit of the Secured Parties a valid and, together with such filings and other actions, perfected first priority security interest in the Collateral, securing
the payment of the Secured Obligations, and all filings and other actions necessary or desirable to perfect and protect such security interest have been duly taken. The Loan Parties are the legal and beneficial owners of the Collateral free and
clear of any Lien, except for the liens and security interests created or permitted under the Loan Documents. 
  
 5.19    Solvency.    Each Loan Party is, individually and together with its Subsidiaries, Solvent. 
  
 5.20    Casualty, Force Majeure, Etc.    Neither the business nor the properties of any Loan Party or any of its Subsidiaries are affected by any fire,
explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that could be reasonably likely to have a Material
Adverse Effect. 
  
 5.21    Existing Debt.    Set forth on Schedule
5.21 is a complete and accurate list of all Existing Debt (other than Surviving Debt), showing as of the date hereof the obligor and the principal amount outstanding thereunder. 
  
 5.22    Surviving Debt.    Set forth on Schedule 5.22 is a complete and accurate list of all Surviving Debt, showing
as of the date hereof the obligor and the principal amount outstanding thereunder, the maturity date thereof and the amortization schedule therefor. 
  
 5.23    Existing Liens.    Set forth on Schedule 7.01 is a complete and accurate list of all Liens on the property or assets of any Loan Party or
any of its Subsidiaries, showing as of the date hereof the lienholder thereof, the principal amount of the obligations secured thereby and the property or assets of such Loan Party or such Subsidiary subject thereto. 
  
 5.24    Leased Real Property.    Set forth on Schedule 5.24 is a complete and
accurate list of all leases of real property under which any Loan Party or any of its Subsidiaries is the lessee, showing as of the date hereof the street address, county or other relevant jurisdiction, state, lessor, lessee, expiration date and
annual rental cost thereof. Each such lease is the legal, valid and binding obligation of the lessor thereof, enforceable in accordance with its terms. 

 
 63 








  
 5.25    Investments.    Set forth
on Schedule 5.25 is a complete and accurate list of all Investments held by any Loan Party or any of its Subsidiaries on the date hereof, showing as of the date hereof the amount, obligor or issuer and maturity, if any, thereof. 

 
 5.26    Material Contracts, Etc.    Set forth on Schedule 5.26 is a
complete and accurate list of all Material Contracts of each Loan Party and its Subsidiaries, showing as of the date hereof the parties, subject matter and term thereof. Each such Material Contract has been duly authorized, executed and delivered by
all parties thereto, has not been amended or otherwise modified, is in full force and effect and is binding upon and enforceable against all parties thereto in accordance with its terms, and there exists no default under any Material Contract by any
party thereto. The Borrower has furnished the Arrangers and the Administrative Agent with true and complete copies of the Incentive Plan, the TechRx Documents and the Senior Subordinated Note Documents. 
  
 5.27    Licenses, Permits, Etc.    The Borrower and its Subsidiaries own or possess all
licenses, permits, franchises, authorizations, patents, copyrights, service marks, trademarks and trade names, or rights thereto, for which the failure so to do, individually or in the aggregate, would reasonably be likely to have a Material Adverse
Effect, without known conflict with the rights of others. 
  
 5.28    Labor
Relations.    Neither the Borrower nor any of its Subsidiaries is engaged in any unfair labor practice that could reasonably be expected to have a Material Adverse Effect and there is (a) no unfair labor practice complaint
pending against the Borrower or any Subsidiary or threatened against any of them, before the National Labor Relations Board, and no material grievance or arbitration proceeding arising out of or under any collective bargaining agreement is so
pending against the Borrower or any Subsidiary or threatened against any of them, (b) no strike, labor dispute, slow down or stoppage pending against the Borrower or any Subsidiary or threatened against the Borrower or any Subsidiary, and (c) no
union representation proceeding is pending with respect to the employees of the Borrower or any Subsidiary, except (with respect to any matter specified in clause (a), (b) or (c) above, wither individually or in the aggregate) such as could not
reasonably be expected to have a Material Adverse Effect. 
  
 5.29    Senior
Indebtedness.    The Borrower’s obligations under this Agreement and the Notes and each Guarantor’s obligations under the Guaranty will constitute “Senior Indebtedness” and “Subsidiary Guarantor
Senior Indebtedness”, respectively, as such terms are defined in and for all purposes under the Senior Subordinated Note Documents and are entitled to the benefits of the subordination provisions contained therein. 
  
 5.30    Compliance with HIPAA.    To the extent that and for so long as any Loan Party is a
“covered entity” within the meaning of Subtitle F of Title II to the Health Insurance Portability and Accountability Act of 1996, and any and all rules or regulations promulgated from time to time thereunder (“HIPAA”), each Loan
Party has undertaken or will timely undertake all reasonable action to comply with HIPAA with respect to the portions of their business operations so covered to the extent non-compliance therewith could reasonably be expected to have a Material
Adverse Effect. 
  
 ARTICLE VI. 
 AFFIRMATIVE COVENANTS 
  
 So long as any Lender shall have any Commitment hereunder, any Loan
or other Obligation hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any 

 
 64 








  
 Letter of Credit shall remain outstanding, the Borrower shall, and shall (except in the case of the
covenants set forth in Sections 6.01, 6.02, 6.03 and 6.11) cause each Subsidiary to: 
  
 6.01    Financial Statements.    Deliver to the Administrative Agent, each Arranger and each Lender, in form and detail satisfactory to the Arrangers and the Required Lenders:

  
 (a)    as soon as available, but in any event within 90 days after the end of each Fiscal
Year of the Borrower, Consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as at the end of such Fiscal Year, and the related Consolidated and consolidating statements of income or operations, shareholders’ equity
and cash flows for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year and in comparative form the figures for such Fiscal Year as shown in the forecast for such Fiscal Year previously delivered
to the Arrangers and the Lenders pursuant to Section 6.01(c), all in reasonable detail and prepared in accordance with GAAP, together with a section for management discussion and analysis and audited and accompanied by a report and opinion of
an independent certified public accountant of nationally recognized standing reasonably acceptable to the Required Lenders, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject
to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit; 
  
 (b)    as soon as available, but in any event within 45 days after the end of each of the first three fiscal quarters of each Fiscal Year of the Borrower, Consolidated and consolidating balance sheets of
the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related Consolidated and consolidating statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the
Borrower’s Fiscal Year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous Fiscal Year and the corresponding portion of the previous Fiscal Year and in comparative form the
figures for such fiscal quarter and for the portion of the Borrower’s Fiscal Year then ended as shown in the forecast for such fiscal quarter and such portion of the Borrower’s Fiscal Year previously delivered to the Arrangers and the
Lenders pursuant to Section 6.01(c), together with a section for management discussion and analysis, all in reasonable detail and certified by a Responsible Officer of the Borrower as fairly presenting the financial condition, results of
operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; and 
  
 (c)    as soon as available, but in any event no later than 45 days after the beginning of each Fiscal Year, forecasts
prepared by management of the Borrower, in form satisfactory to the Arrangers, of Consolidated income statements of the Borrower and its Subsidiaries on a monthly basis and Consolidated balance sheets and cash flow statements on a quarterly basis
for such Fiscal Year and on an annual basis for each Fiscal Year thereafter until the Maturity Date for the Term Facility. 
  
 As to any information contained in materials furnished pursuant to Section 6.02(c), the Borrower shall not be separately required to furnish such information under clause (a) or (b) above, but the foregoing shall not be in
derogation of the obligation of the Borrower to furnish the information and materials described in subsections (a) and (b) above at the times specified therein. 
  
 6.02    Certificates; Other Information.    Deliver to the Administrative Agent, the Arrangers and each Lender, in form and detail satisfactory to the
Arrangers and the Required Lenders: 

 
 65 








  
 (a)    concurrently with the delivery of the financial
statements referred to in Section 6.01(a), (i) a certificate of its independent certified public accountants certifying such financial statements and stating that in making the examination necessary therefor no knowledge was obtained of any
Default under the financial covenants set forth herein or, if any such Default shall exist, stating the nature and status of such event setting forth details of such Default and the action that the Borrower has taken and proposes to take with
respect thereto; 
  
 (b)    concurrently with the delivery of the financial statements referred
to in Sections 6.01(a) and (b), a duly completed Compliance Certificate (including detailed supporting calculations) signed by a Responsible Officer of the Borrower, and in the event of any change in generally accepted accounting
principles used in the preparation of such financial statements, the Borrower shall also provide, if necessary for the determination of compliance with Section 7.11, a statement of reconciliation conforming such financial statements to GAAP;

  
 (c)    promptly after any request by any Arranger or any Lender, copies of any detailed audit
reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of the Borrower by independent accountants in connection with the accounts or books of the Borrower or any
Subsidiary, or any audit of any of them; 
  
 (d)    promptly after the same are available, copies
of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the Borrower may file or
be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, or with any Governmental Authority that may be substituted therefor, or with any national securities exchange, and in any case not otherwise required
to be delivered to the Administrative Agent pursuant hereto; 
  
 (e)    promptly after the
furnishing thereof, copies of any notices relating to defaults or remedies furnished to any holder of Indebtedness securities of any Loan Party or of any of its Subsidiaries pursuant to the terms of any indenture, loan or credit or similar agreement
and not otherwise required to be furnished to the Lender Parties pursuant to any other clause of Section 6.01, this Section 6.02 or Section 6.03; 
  
 (f)    as soon as available and in any event within 30 days after the end of each Fiscal Year, a report summarizing the insurance coverage (specifying
type, amount and carrier) in effect for each Loan Party and its Subsidiaries and containing such additional information as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably specify; 
  
 (g)    promptly upon receipt thereof, copies of all material notices, requests and other documents received by any
Loan Party or any of its Subsidiaries under or pursuant to any Related Document or Material Contract or instrument, indenture, loan or credit or similar agreement (including notices from the trustee under the Senior Subordinated Note Documents) and,
from time to time upon request by the Arrangers, such information and reports regarding the Related Documents, the Material Contracts and such instruments, indentures and loan and credit and similar agreements as the Administrative Agent may
reasonably request; 
  
 (h)    within 10 days after receipt, copies of all Revenue Agent Reports
(Internal Revenue Service Form 886), or other written proposals of the IRS, that propose, determine or otherwise set forth positive adjustments to the Federal income tax liability of the Borrower or any Subsidiary aggregating $3,000,000 or more;


 
 66 








  
 (i)    (A) promptly, but in any event within 10 Business Days
after any Loan Party or any ERISA Affiliate knows or has reason to know that any ERISA Event has occurred, a statement of a Responsible Officer of the Borrower describing such ERISA Event and the action, if any, that such Loan Party or such ERISA
Affiliate has taken and proposes to take with respect thereto and (B) on the date any records, documents or other information must be furnished to the PBGC with respect to any Plan pursuant to Section 4010 of ERISA, a copy of such records, documents
and information; 
  
 (j)    promptly, but in any event within five Business Days after receipt
thereof by any Loan Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention to terminate any Plan or to have a trustee appointed to administer any Plan; 
  
 (k)    promptly, but in any event within 30 days after the filing thereof with the IRS, copies of each Schedule B (Actuarial Information) to the annual
report (Form 5500 Series) with respect to each Plan; 
  
 (l)    promptly, but in any event within
five Business Days after receipt thereof by any Loan Party or any ERISA Affiliate from the sponsor of a Multiemployer Plan, copies of each notice concerning (A) the imposition of withdrawal liability by any such Multiemployer Plan, (B) the
reorganization or termination, within the meaning of Title IV of ERISA, of any such Multiemployer Plan or (C) the amount of liability incurred, or that may be incurred, by such Loan Party or any ERISA Affiliate in connection with any event described
in clause (A) or (B); 
  
 (m)    promptly after the assertion or occurrence thereof, notice of
any Environmental Action against or of any noncompliance by any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit that could reasonably be expected to have a Material Adverse Effect; 
  
 (n)    as soon as available, but in any event within 30 days after the end of each Fiscal Year, a report supplementing
Schedules 5.08 and 5.24, including an identification of all owned and leased real property disposed of by the Borrower or any of its Subsidiaries during such Fiscal Year, a list and description (including the street address, county or
other relevant jurisdiction, state, record owner, book value thereof and, in the case of leases of property, lessor, lessee, expiration date and annual rental cost thereof) of all real property acquired or leased during such Fiscal Year and a
description of such other changes in the information included in such Schedules as may be necessary for such Schedules to be accurate and complete; 
  
 (o)    promptly and in any event within five Business Days after receipt thereof by any Loan Party or any of its Subsidiaries, copies of each material notice or other correspondence
received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any of
its Subsidiaries; and 
  
 (p)    promptly, such additional information regarding the business,
financial or corporate affairs of the Borrower or any Subsidiary, or compliance with the terms of the Loan Documents, as the Arrangers or any Lender may from time to time reasonably request. 
  
 Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(d) (to the extent any such documents are included in materials
otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s 

 
 67 








  
 website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such
documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and each Arranger have access (whether a commercial, third-party website or whether sponsored by the
Administrative Agent); provided that: (i) the Borrower shall deliver paper copies of such documents to any Arranger or any Lender that requests the Borrower to deliver such paper copies until a written request to cease delivering paper copies
is given by such Arrangers or such Lender and (ii) the Borrower shall notify (which may be by facsimile or electronic mail) each Arranger and each Lender of the posting of any such documents and provide to each Arranger by electronic mail electronic
versions (i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every instance the Borrower shall be required to provide paper copies of the Compliance Certificates required by Section 6.02(b) to each
Arranger and each of the Lenders. Except for such Compliance Certificates, the Arrangers have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor
compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 
  
 6.03    Notices.    Promptly notify the Administrative Agent, each Arranger and each Lender: 
  
 (a)    of the occurrence of any Default; 
  
 (b)    of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including (i) breach or non-performance
of, or any default under, a Contractual Obligation of the Borrower or any Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between the Borrower or any Subsidiary and any Governmental Authority; or (iii) the
commencement of, or any material development in, any litigation or proceeding affecting the Borrower or any Subsidiary, including pursuant to any applicable Environmental Laws; 
  
 (c)    of any material change in accounting policies or financial reporting practices by the Borrower or any Subsidiary; 
  
 (d)    of any announcement by Moody’s or S&P of any change or possible change in any rating of the Credit
Facilities or any other Indebtedness of the Borrower; and 
  
 (e)    of the (A) occurrence of any
Disposition of property or assets for which the Borrower is required to make a mandatory repayment pursuant to Section 2.06(b)(i), (B) incurrence or issuance of any Indebtedness for which the Borrower is required to make a mandatory repayment
pursuant to Section 2.06(b)(ii), (C) occurrence of any sale of capital stock or other Equity Interests for which the Borrower is required to make a mandatory repayment pursuant to Section 2.06(b)(iii), and (D) receipt of any
Extraordinary Receipt for which the Borrower is required to make a mandatory repayment pursuant to Section 2.06(b)(iv). 
  
 Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken
and proposes to take with respect thereto. Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 

 
 68 








  
 6.04    Payment of
Obligations.    Pay and discharge as the same shall become due and payable, all its obligations and liabilities, including (a) all tax liabilities, assessments and governmental charges or levies imposed upon it or its
properties, income or assets or for which it otherwise is liable, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or
such Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon its property; and (c) all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement
evidencing such Indebtedness. 
  
 6.05    Preservation of Existence,
Etc.    (a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or
7.05; (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be
expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect.

  
 6.06    Maintenance of Properties.    (a) Maintain, preserve and
protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted, including maintaining adequate emergency business contingency plans and appropriate
backup systems for its computer hardware and software in accordance with standard industry practices; and (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected
to have a Material Adverse Effect. 
  
 6.07    Maintenance of
Insurance.    Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured
against by Persons engaged in the same or similar business, of such types (including business interruption insurance) and in such amounts as are customarily carried under similar circumstances by such other Persons and providing for not less than 30
days’ prior notice to the Administrative Agent of termination, lapse or cancellation of such insurance. 
  
 6.08    Compliance with Laws.    Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or
property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not
reasonably be expected to have a Material Adverse Effect. 
  
 6.09    Books and
Records.    (a) Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets
and business of the Borrower or such Subsidiary, as the case may be; and (b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the
Borrower or such Subsidiary, as the case may be. 
  
 6.10    Inspection
Rights.    Permit representatives and independent contractors of each Arranger and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or
abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at 

 
 69 








  
 the expense of the Borrower and at such reasonable times during normal business hours and as often as
may be reasonably desired, upon reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists any Arranger or any Lender (or any of their respective representatives or independent contractors) may
do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice. 
  
 6.11    Use of Proceeds.    Use the proceeds of (a) the Term Facility on the Closing Date (i) to refinance the Existing Credit Facility in an amount equal to the approximately
$91,000,000 in principal amount that is currently outstanding, together with accrued interest therein, (ii) to deposit funds into the Escrow Account for purposes of redemption of the existing 5% Debentures and pay related stated call premiums and
interest on the 5% Debentures, (iii) to pay related fees and expenses, (iv) as additions to cash and, after the Closing Date, for other general corporate purposes of the Borrower and its Subsidiaries not in contravention of any Law or of any Loan
Document, and (b) the Revolving Credit Facility after the Closing Date to provide working capital to the Borrower and its Subsidiaries and for other general corporate purposes of the Borrower and its Subsidiaries not in contravention of any Law or
of any Loan Document. 
  
 6.12    Covenant to Guarantee Obligations and Give
Security.    Upon (a) the request of either Arranger following the occurrence and during the continuance of an Event of Default, (b) the formation or acquisition of any new direct or indirect Domestic Subsidiary (that is a
Material Subsidiary) or Qualified Foreign Subsidiary by any Loan Party or (c) the acquisition of any property or assets with a book value or fair market value in excess of $100,000 by any Loan Party, and such property, in the judgment of such
Arranger, shall not already be subject to a perfected first priority security interest in favor of the Administrative Agent for the benefit of the Secured Parties, then the Borrower shall, in each case at the Borrower’s expense: 

 
 (i)    in connection with the formation or acquisition of a Domestic Subsidiary (that is a
Material Subsidiary) or a Qualified Foreign Subsidiary, within 30 days after such formation or acquisition, cause each such Subsidiary to duly execute and deliver to the Administrative Agent a guaranty or guaranty supplement, in form and substance
satisfactory to the Arrangers and the Administrative Agent, guaranteeing the other Loan Parties’ obligations under the Loan Documents, 
  
 (ii)    within 30 days after such request, formation or acquisition, furnish to the Administrative Agent and the Arrangers a description of the real and personal properties of the
Loan Parties and their respective Subsidiaries in detail satisfactory to the Arrangers and the Administrative Agent, 
  
 (iii)    within 45 days after such request, formation or acquisition, (x) duly execute and deliver, and cause each such Domestic Subsidiary (that is a Material Subsidiary) and each such Qualified Foreign
Subsidiary to duly execute and deliver, to the Administrative Agent mortgages, pledges, assignments, security agreement supplements and other security agreements, as specified by and in form and substance satisfactory to the Arrangers and the
Administrative Agent, securing payment of all the Obligations of the applicable Loan Party or such Subsidiary, as the case may be, under the Loan Documents and constituting Liens on all such properties and (y) cause the parent of such Subsidiary to
execute and deliver to the Administrative Agent a security agreement, security agreement supplement or other pledge agreement (if it has not already done so) in form and substance satisfactory to the Arrangers and the Administrative Agent pledging
its Equity Interests in such Subsidiary to the extent such pledge will not result in any material adverse tax consequences to the Borrower or the parent of such Subsidiary, 

 
 70 








  
 (iv)    within 30 days after such request,
formation or acquisition, take, and cause such Domestic Subsidiary (that is a Material Subsidiary) or such Qualified Foreign Subsidiary) or such parent of such Subsidiary, as the case may be, to take, whatever action (including, without limitation,
the recording of mortgages, the filing of Uniform Commercial Code financing statements, the giving of notices and the endorsement of notices on title documents) may be necessary or advisable in the opinion of the Arrangers and the Administrative
Agent to vest in the Administrative Agent (or in any representative of the Administrative Agent designated by it) valid and subsisting Liens on the properties purported to be subject to the mortgages, pledges, assignments, security agreement
supplements and security agreements delivered pursuant to this Section 6.12, enforceable against all third parties in accordance with their terms, 
  
 (v)    within 45 days after such request, formation or acquisition, deliver to the Administrative Agent and the Arrangers, upon the
request of the Administrative Agent or the Arrangers in their sole discretion, a signed copy of a favorable opinion, addressed to the Arrangers, the Administrative Agent and the other Secured Parties, of counsel for the Loan Parties acceptable to
the Arrangers as to the matters contained in clauses (i), (iii) and (iv) above, as to such guaranties, guaranty supplements, mortgages, pledges, assignments, security agreement supplements and security agreements being legal, valid and binding
obligations of each Loan Party party thereto enforceable in accordance with their terms, as to the matters contained in clause (iv) above, as to such recordings, filings, notices, endorsements and other actions being sufficient to create valid
perfected Liens on such properties, and as to such other matters as the Arrangers may reasonably request, 
  
 (vi)    as promptly as practicable after such request, formation or acquisition, deliver, upon the request of the Administrative Agent or the Arrangers in their sole discretion, to the Administrative Agent and the
Arrangers with respect to each parcel of real property owned or held by the entity that is the subject of such request, formation or acquisition title reports, surveys and engineering, soils and other reports, environmental assessment reports, and
outside counsel legal opinions, each in scope, form and substance satisfactory to the Arrangers and the Administrative Agent, provided, however, that to the extent that any Loan Party or any of its Subsidiaries shall have otherwise
received any of the foregoing items with respect to such real property, such items shall, promptly after the receipt thereof, be delivered to the Administrative Agent and the Arrangers, 
  
 (vii)    upon the occurrence and during the continuance of a Default, promptly cause to be deposited any and all cash dividends paid or
payable to it or any of its Subsidiaries from any of its Subsidiaries from time to time into a collateral account maintained with the Administrative Agent, and with respect to all other dividends paid or payable to it or any of its Subsidiaries from
time to time, promptly execute and deliver, or cause such Subsidiary to promptly execute and deliver, as the case may be, any and all further instruments and take or cause such Subsidiary to take, as the case may be, all such other action as the
Arrangers or the Administrative Agent may deem necessary or desirable in order to obtain and maintain from and after the time such dividend is paid or payable a perfected, first priority lien on and security interest in such dividends, and

  
 (viii)    at any time and from time to time, promptly execute and deliver any
and all further instruments and documents and take all such other action as the Arrangers or the Administrative Agent may deem necessary or desirable in obtaining the full benefits of, or in perfecting and preserving the Liens of, such guaranties,
mortgages, pledges, assignments, security agreement supplements and security agreements. 

 
 71 








  
 6.13    Further Assurances.    (a)
Promptly upon request by any Arranger or the Administrative Agent, or any Lender through the Administrative Agent, correct, and cause each of its Subsidiaries promptly to correct, any material defect or error that may be discovered in any Loan
Document or in the execution, acknowledgment, filing or recordation thereof, and 
  
 (b)    Promptly upon request by any Arranger or the Administrative Agent, or any Lender through the Administrative Agent, do, execute, acknowledge, deliver, record, re-record, file, re-file, register and
re-register any and all such further acts, deeds, conveyances, pledge agreements, mortgages, deeds of trust, trust deeds, assignments, financing statements and continuations thereof, termination statements, notices of assignment, transfers,
certificates, assurances and other instruments as any Arranger, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the Loan Documents, (ii) to the
fullest extent permitted by applicable Law, subject any Loan Party’s or any of its Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Collateral Documents, (iii) perfect
and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the
Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument executed in connection with any Loan Document to which any Loan Party or any of its
Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do so. 
  
 6.14    Performance of TechRx Documents.    Perform and observe, and cause each of its Subsidiaries to perform and observe, all of the terms and provisions of each TechRx Document to be
performed or observed by it, maintain each such TechRx Document in full force and effect, enforce such TechRx Document in accordance with its terms, take all such action to such end as may be from time to time requested by the Arrangers and, upon
request of the Arrangers, make to each other party to each such TechRx Document such demands and requests for information and reports or for action as any Loan Party or any of its Subsidiaries is entitled to make under such TechRx Document.

  
 6.15    Compliance with Environmental Laws.    Comply, and cause
all lessees and other Persons operating or occupying its properties to comply, in all material respects, with all applicable Environmental Laws and Environmental Permits; obtain and renew all Environmental Permits necessary for its operations and
properties; and conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance with the
requirements of all Environmental Laws; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its
obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances. 
  
 6.16    Preparation of Environmental Reports.    At the request of the Arrangers from time to time, provide to the Lenders within 60 days after such
request, at the expense of the Borrower, an environmental site assessment report for any of its or its Subsidiaries’ properties described in such request, prepared by an environmental consulting firm acceptable to the Arrangers, indicating the
presence or absence of Hazardous Materials and the estimated cost of any compliance, removal or remedial action in connection with any Hazardous Materials on such properties; without limiting the generality of the foregoing, if the Arrangers
determine at any time that a material risk exists that any such report will not be provided within the time referred to above, the Arrangers may retain an environmental consulting firm to prepare such report at the 

 
 72 








 expense of the Borrower, and the Borrower hereby grants and agrees to cause any Subsidiary that owns any property described in such request to
grant at the time of such request to the Arrangers, such firm and any agents or representatives thereof an irrevocable non-exclusive license, subject to the rights of tenants, to enter onto their respective properties to undertake such an
assessment. 
  
 6.17    Compliance with Terms of Leaseholds.    Make
all payments and otherwise perform all obligations in respect of all leases of real property to which the Borrower or any of its Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated
(other than in accordance with its terms) or any rights to renew such leases to be forfeited or cancelled, notify the Arrangers of any default by any party with respect to such leases and cooperate with the Arrangers in all respects to cure any such
default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect. 
  
 6.18    Cash Concentration Accounts.    Maintain in accordance with and to the extent
required by the Security Agreement, and cause each of its Subsidiaries to so maintain, main cash concentration accounts with a Revolving Credit Lender and lockbox accounts into which all proceeds of Collateral are paid with a Revolving Credit Lender
or one or more banks acceptable to the Arrangers that have accepted the assignment of such accounts to the Administrative Agent for the benefit of the Secured Parties pursuant to the Security Agreement. 
  
 6.19    Performance of Material Contracts.    Perform and observe all the terms and
provisions of each Material Contract to be performed or observed by it, maintain each such Material Contract in full force and effect, enforce each such Material Contract in accordance with its terms, take all such action to such end as may be from
time to time requested by the Arrangers and, upon request of the Arrangers, make to each other party to each such Material Contract such demands and requests for information and reports or for action as any Loan Party or any of its Subsidiaries is
entitled to make under such Material Contract, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

  
 6.20    Application of Escrowed Funds.    Use the Escrowed Funds
solely to redeem $143,750,000 of existing 5% Debentures and pay related stated call premiums and interest on the 5% Debentures, and shall promptly notify the Administrative Agent and the Arrangers after the due application thereof to each such
redemption. 
  
 6.21    NDC Plaza Mortgage.    In the event that the
NDC Plaza Transaction is not consummated within 120 days following the Closing Date, execute and deliver to the Administrative Agent a mortgage on the NDC Plaza Property, as specified by and in form and substance satisfactory to the Arrangers and
the Administrative Agent, and take all applicable actions required by Section 6.12 in connection with the granting of such mortgage on the NCD Plaza Property. 
  
 ARTICLE VII. 
 NEGATIVE COVENANTS 
  
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any
Letter of Credit shall remain outstanding, the Borrower shall not, nor shall it permit any Subsidiary to, directly or indirectly: 

 
 73 








  
 7.01    Liens.    Create, incur,
assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, or sign or file or suffer to exist, or permit any of its Subsidiaries to sign or file or suffer to exist, under the Uniform
Commercial Code of any jurisdiction, a financing statement that names the Borrower or any of its Subsidiaries as debtor, or sign or suffer to exist, or permit any of its Subsidiaries to sign or suffer to exist, any security agreement authorizing any
secured party thereunder to file such financing statement, or assign, or permit any of its Subsidiaries to assign, any accounts or other right to receive income, other than the following: 
  
 (a)    Liens pursuant to any Loan Document; 
  
 (b)    Liens existing on the date hereof and listed on Schedule 7.01 and any renewals or extensions thereof, provided that the property covered thereby is not changed and the
amount not increased or the direct or any contingent obligor changed and any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.03(b); 
  
 (c)    Liens for taxes not yet due or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves
with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 
  
 (d)    carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 30
days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person; 
  
 (e)    pledges or deposits in the ordinary course of business in connection with workers’ compensation,
unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 
  
 (f)    deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds
and other obligations of a like nature incurred in the ordinary course of business; 
  
 (g)    easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the
value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; 
  
 (h)    Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h) or securing appeal or other surety bonds related to such judgments; 

 
 (i)    Liens securing Indebtedness permitted under Section 7.03(g); provided that (i) such
Liens do not at any time encumber any property other than the property financed by such Indebtedness, (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever is lower, of the property being acquired on the date
of acquisition and (iii) with respect to capital leases, such Liens do not at any time extend to or cover any Collateral or assets other than the assets subject to such capital leases; 
  
 (j)    Liens securing Secured Swap Contracts permitted under Section 7.03(f); and 

 
 74 








  
 (k)    So long as no Default has occurred and is continuing,
other Liens securing Indebtedness permitted hereunder in an aggregate amount not exceeding $5,000,000 at any time. 
  
 7.02    Investments.    Make or hold any Investments, except: 
  
 (a)    Investments held by the Borrower or such Subsidiary in the form of Cash Equivalents; 
  
 (b)    advances or loans to officers, directors and employees of the Borrower and Subsidiaries in an aggregate amount not to exceed $1,000,000 at any time outstanding, for travel, entertainment, relocation and
analogous ordinary business purposes; 
  
 (c)    Investments of the Borrower made after the
Closing Date in TechRx in an aggregate amount not to exceed $200,000,000; provided, however, that, if such Investment is made with anything other than capital stock of the Borrower, (i) immediately before and after giving effect
thereto, no Default shall have occurred and be continuing or would result therefrom, (ii) such Investments shall be made in accordance with the terms of the TechRx Documents without any amendment or waiver thereof unless consented to in writing by
the Arrangers, (iii) the Consolidated Total Leverage Ratio shall be less than 3.0 to 1.0 after giving effect to such Investment, and (iv) there shall be at least $35,000,000 available to be drawn under the Revolving Credit Facility after giving
effect to each such Investment; 
  
 (d)    Investments consisting of extensions of credit in the
nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the
extent reasonably necessary in order to prevent or limit loss; 
  
 (e)    Guarantees permitted by
Section 7.03; 
  
 (f)    Investments existing on the date hereof and set forth on
Schedule 5.25 hereof; and 
  
 (g)    so long as no Specified Default or Event of Default
has occurred or is continuing or would result therefrom, other Investments in an aggregate amount invested not to exceed (i) $15,000,000 in the aggregate for all such Investments made after the Closing Date in non-Domestic Subsidiaries and (ii)
$25,000,000 in the aggregate for all Investments made pursuant to this clause (g) (including under subclause (i) above) after the Closing Date; provided that with respect to Investments made under this clause (g): (A) any newly
acquired or organized Subsidiary of the Borrower or any of its Subsidiaries shall be a wholly-owned Subsidiary thereof; (B) immediately before and after giving effect thereto, no Default shall have occurred and be continuing or would result
therefrom; (C) any company or business acquired or invested in pursuant to this clause (g) shall be in the same line of business as the business of the Borrower or any of its Subsidiaries; (D) immediately after giving effect to the acquisition of a
company or business pursuant to this clause (g), the Borrower shall be in pro forma compliance with the covenants contained in Section 7.11, calculated based on the financial statements most recently delivered to the Lenders pursuant to
Section 6.01 and as though such acquisition had occurred at the beginning of the four-quarter period covered thereby, as evidenced by a certificate of a Responsible Officer of the Borrower delivered to the Lenders demonstrating such
compliance; and (E) the Borrower and such Subsidiary shall comply with the provisions of Section 6.12. 

 
 75 








  
 7.03    Indebtedness.    Create,
incur, assume or suffer to exist any Indebtedness, except: 
  
 (a)    Indebtedness under the Loan
Documents; 
  
 (b)    the Surviving Debt, and any Indebtedness extending the maturity of, or
refunding or refinancing, in whole or in part, any Surviving Debt, provided that the terms of any such extending, refunding or refinancing Indebtedness, and of any agreement entered into and of any instrument issued in connection therewith,
are otherwise permitted by the Loan Documents, provided further that the principal amount of such Surviving Debt shall not be increased above the principal amount thereof outstanding immediately prior to such extension, refunding or
refinancing, and the direct and contingent obligors therefor shall not be changed, as a result of or in connection with such extension, refunding or refinancing, provided still further that the terms relating to principal
amount, amortization, maturity, covenants, defaults, collateral (if any) and subordination (if any), and other material terms taken as a whole, of any such extending, refunding or refinancing Indebtedness, and of any agreement entered into and of
any instrument issued in connection therewith, are no less favorable in any material respect to the Loan Parties or the Lenders than the terms of any agreement or instrument governing the Surviving Debt being extended, refunded or refinanced and the
interest rate applicable to any such extending, refunding or refinancing Indebtedness does not exceed the then applicable market interest rate; 
  
 (c)    Guarantees of the Borrower or any Guarantor in respect of Indebtedness otherwise permitted hereunder of the Borrower or any other Guarantor; 
  
 (d)    Indebtedness of the Borrower or any Subsidiary of the Borrower owed to the Borrower or a wholly owned
Subsidiary of the Borrower, which Indebtedness (i) shall constitute Pledged Debt, (ii) shall be on terms acceptable to the Administrative Agent and (iii) shall be evidenced by promissory notes in form and substance satisfactory to the
Administrative Agent and such promissory notes shall, in the case of Indebtedness owed to a Loan Party, be pledged as security for the Obligations of the holder thereof under the Loan Documents to which such holder is a party and delivered to the
Administrative Agent pursuant to the terms of the Security Agreement; 
  
 (e)    Indebtedness of
any Subsidiary (other than any Domestic Subsidiary) in an aggregate principal amount for all such non-Domestic Subsidiaries of no more than $20,000,000; 
  
 (f)    obligations (contingent or otherwise) of the Borrower or any Subsidiary existing or arising under any Swap Contract, provided that (i) such obligations are (or were)
entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the
value of securities issued by such Person, and not for purposes of speculation or taking a “market view”; and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments
on outstanding transactions to the defaulting party; 
  
 (g)    so long as no Specified Default
or Event of Default has occurred and is continuing or would result therefrom, Indebtedness in respect of capital leases and purchase money obligations for fixed or capital assets within the limitations set forth in Section 7.01(i);
provided, however, that the aggregate amount of all such Indebtedness at any one time outstanding shall not exceed $15,000,000; 

 
 76 








  
 (h)    without duplication of Section 7.06(c)(ii),
obligations of the Borrower to redeem Awards (as defined in the Incentive Plan) granted to employees of the Borrower for the purposes of satisfying federal, state and local taxes (including such employees’ FICA obligations) required by law
(including any foreign jurisdiction in which such employees reside) to be withheld with respect to any taxable event arising as a result of the Incentive Plan in an aggregate amount not to exceed $4,000,000 in any Fiscal Year; 

 
 (i)    so long as no Specified Default or Event of Default has occurred and is continuing or would result
therefrom, unsecured Indebtedness incurred in the ordinary course of business for borrowed money in an aggregate principal amount not to exceed $25,000,000 at any time outstanding; 
  
 (j)    obligations of NDC Health Holdings GmbH outstanding on the Closing Date to purchase Equity Interests from the minority interest holders of NDC
Health GmbH and Co. KG in an aggregate amount not to exceed $15,000,000; and 
  
 (k)    Indebtedness under the Senior Subordinated Note Documents and, so long as no Default has occurred and is continuing or would result therefrom, any Indebtedness extending the maturity of, or refinancing, in
whole or in part the Indebtedness incurred pursuant to the Senior Subordinated Note Documents, provided that the terms of any such extension or refinancing, and of any agreement entered into and of any instrument issued in connection
therewith, are not prohibited by the Loan Documents, providedfurther that the principal amount of such Indebtedness shall not be increased above the principal amount thereof outstanding immediately prior to such extension or
refinancing (other than to pay reasonable fees, costs and expenses incurred in connection with such extension, refunding or refinancing), providedfurther that the terms relating to principal amount, amortization, maturity, interest
rate, subordination, covenants, defaults and other material terms of any such extension or refinancing and of any agreement entered into and of any instrument issued in connection therewith, are no less favorable in any material respect to the Loan
Parties or the Lenders than the terms of the Senior Subordinated Note Documents. 
  
 7.04    Fundamental Changes.    Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Specified Default or Event of Default exists or would result therefrom: 
  
 (a)    any Subsidiary may merge or consolidate with or dissolve or liquidate into (i) the Borrower, provided
that the Borrower shall be the continuing or surviving Person, or (ii) any one or more other Subsidiaries, provided that when any Guarantor is merging with another Subsidiary, the Guarantor shall be the continuing or surviving Person or the
continuing or surviving Person shall become a Guarantor pursuant to the terms of the Guaranty; 
  
 (b)    any Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Borrower or to another Subsidiary; provided that if the transferor in such a
transaction is a Guarantor, then the transferee must either be the Borrower or a Guarantor or shall become a Guarantor pursuant to the terms of the Guaranty; and 
  
 (c)    in connection with any acquisition permitted under Section 7.02, any Subsidiary of the Borrower may merge into or consolidate with any other Person or permit any other
Person to merge into or consolidate with it; provided that the Person surviving such merger shall be a wholly owned Subsidiary of the Borrower; 

 
 77 








  
 provided, however, that in each case, immediately after giving effect thereto, in
the case of any such merger to which the Borrower is a party, the Borrower is the surviving corporation. 
  
 7.05    Dispositions.    Make any Disposition or enter into any agreement to make any Disposition, except: 
  
 (a)    Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business; 

 
 (b)    Dispositions of inventory in the ordinary course of business; 
  
 (c)    Dispositions of property by any Subsidiary to the Borrower or to a wholly-owned Subsidiary; provided
that if the transferor of such property is a Guarantor, the transferee thereof must either be the Borrower or a Guarantor; 
  
 (d)    Dispositions permitted by Section 7.04; 
  
 (e)    non-exclusive licenses of IP Rights in the ordinary course of business and substantially consistent with past practice for terms not exceeding three years; 
  
 (f)    so long as no Default shall have occurred and be continuing, other Dispositions for at least 75% in cash and
for aggregate consideration not exceeding $5,000,000 in any year or $1,000,000 for any individual Disposition; 
  
 (g)    Dispositions by the Borrower of National Data Corporation of Canada, NDC Health Limited and Cegedin S.A.; 
  
 (h)    the Disposition by the Borrower of the Hadley Hutt House located in Droitwich England; and 
  
 (i)    Dispositions comprising the NDC Plaza Transaction; 
  
 provided, however, that any Disposition pursuant to clauses (a), (b), (d), (e), (f), (g), (h) and (i) shall be for fair market value; provided further that in the case of Dispositions of assets
pursuant to clauses (a), (e), (f), (g) and (i), the Borrower shall, on the date of receipt by any Loan Party or any of its Subsidiaries of the Net Cash Proceeds from such sale, prepay the Loans pursuant to, and in the amount and order of priority
set forth in, Section 2.06(b)(i), as specified therein. 
  
 7.06    Restricted
Payments.    Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that, so long as no Default shall have occurred and be continuing at the time
any action described below or would result therefrom: 
  
 (a)    each Subsidiary may make
Restricted Payments to the Borrower and to wholly-owned Subsidiaries (and, in the case of a Restricted Payment by a non-wholly-owned Subsidiary, to the Borrower and any Subsidiary and to each other owner of capital stock or other Equity Interests of
such Subsidiary on a pro rata basis based on their relative ownership interests); and 

 
 78 








  
 (b)    the Borrower and each Subsidiary may declare and make
dividend payments or other distributions payable solely in the common stock or other common Equity Interests of such Person; and 
  
 (c)    other (i) dividend payments made by the Borrower not to exceed $7,500,000 in the aggregate in any Fiscal Year and (ii) redemptions by the Borrower of Awards (as defined in the Incentive Plan) granted to
employees of the Borrower for the purposes of satisfying federal, state and local taxes (including such employees’ FICA obligations) required by law (including any foreign jurisdiction in which such employees reside) to be withheld with respect
to any taxable event arising as a result of the Incentive Plan in an aggregate amount not to exceed $4,000,000 in any Fiscal Year. 
  
 7.07    Change in Nature of Business.    Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its
Subsidiaries on the date hereof or any business reasonably related or incidental thereto. 
  
 7.08    Transactions with Affiliates.    Enter into any transaction of any kind with any Affiliate of any Loan party other than transactions between the Borrower and any Guarantor,
whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Borrower or such Loan Party as would be obtainable by the Borrower or such Loan Party at the time in a comparable arm’s
length transaction with a Person other than an Affiliate. 
  
 7.09    Burdensome
Agreements.    Enter into or permit to exist any Contractual Obligation (other than this Agreement, any other Loan Document or the Senior Subordinated Note Documents) that (a) limits the ability (i) of any Subsidiary to make
Restricted Payments to the Borrower or any Guarantor or to otherwise transfer property to or invest in the Borrower or any Guarantor, (ii) of any Subsidiary to Guarantee the Indebtedness of the Borrower or any Guarantor or (iii) of the Borrower or
any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person; provided, however, that this clause (iii) shall not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness
permitted under Section 7.03(g) solely to the extent any such negative pledge relates to the property financed by or the subject of such Indebtedness; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is
granted to secure another obligation of such Person, except for (i) any such restrictions imposed in lease agreements and licenses of intellectual property software with respect to the property, equipment or software leased or licensed thereunder;
provided in each case that such restrictions do not extend to any asset other than the asset leased or licensed under such agreement. 
  
 7.10    Use of Proceeds.    Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately,
to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose. 

 
 7.11    Financial Covenants. 
  
 (a)    Maximum Consolidated Total Leverage Ratio.    Permit at any time a Consolidated Total Leverage Ratio of more than the
amount set forth below during each period set forth below: 

 
 79 








 
	 Quarter Ending
 	  	 Ratio
 
	  	  	 

	 November 30, 2002
 	  	 3.25:1.00
 
	  	  	 

	 February 28, 2003
 	  	 3.25:1.00
 
	  	  	 

	 May 31, 2003
 	  	 3.25:1.00
 
	  	  	 

	 August 31, 2003
 	  	 3.00:1.00
 
	  	  	 

	 November 30, 2003
 	  	 3.00:1.00
 
	  	  	 

	 February 28, 2004
 	  	 2.75:1.00
 
	  	  	 

	 May 31, 2004
 	  	 2.75:1.00
 
	  	  	 

	 August 31, 2004 and thereafter
 	  	 2.50:1.00
 
	  	  	 


 
  
 (b)    Maximum Consolidated Senior Leverage
Ratio.    Permit at any time a Consolidated Senior Leverage Ratio of more than the amount set forth below during each period set forth below: 
  
 
	 Quarter Ending
 	  	 Ratio
 
	  	  	 

	 November 30, 2002
 	  	 1.75:1.00
 
	  	  	 

	 February 28, 2003
 	  	 1.75:1.00
 
	  	  	 

	 May 31, 2003
 	  	 1.75:1.00
 
	  	  	 

	 August 31, 2003
 	  	 1.40:1.00
 
	  	  	 

	 November 30, 2003
 	  	 1.40:1.00
 
	  	  	 

	 February 28, 2004
 	  	 1.40:1.00
 
	  	  	 

	 May 31, 2004 and thereafter
 	  	 1.40:1.00
 
	  	  	 


 
  
 (c)    Minimum Consolidated Fixed Charge
Coverage Ratio.    Permit at any time a Consolidated Fixed Charge Coverage Ratio of less than the amount set forth below during each period set forth below: 
  
 
	 Quarter Ending
 	  	 Ratio
 
	  	  	 

	 November 30, 2002
 	  	 1.40:1.00
 
	  	  	 

	 February 28, 2003
 	  	 1.40:1.00
 
	  	  	 


 

 
 80 








  
 
	  	  	  
	 May 31, 2003
 	  	 1.40:1.00
 
	  	  	 

	 August 31, 2003
 	  	 1.40:1.00
 
	  	  	 

	 November 30, 2003
 	  	 1.40:1.00
 
	  	  	 

	 February 28, 2004
 	  	 1.40:1.00
 
	  	  	 

	 May 31, 2004
 	  	 1.40:1.00
 
	  	  	 

	 August 31, 2004
 	  	 1.50:1.00
 
	  	  	 

	 November 30, 2004
 	  	 1.50:1.00
 
	  	  	 

	 February 28, 2005
 	  	 1.50:1.00
 
	  	  	 

	 May 31, 2005
 	  	 1.50:1.00
 
	  	  	 

	 August 31, 2005
 	  	 1.75:1.00
 
	  	  	 

	 November 30, 2005
 	  	 1.75:1.00
 
	  	  	 

	 February 28, 2006
 	  	 1.75:1.00
 
	  	  	 

	 May 31, 2006 and thereafter
 	  	 1.75:1.00
 
	  	  	 


 
  
 7.12    Capital
Expenditures.    Make or become legally obligated to make any expenditure in respect of the purchase or other acquisition of any fixed or capital asset (excluding normal replacements and maintenance which are properly charged
to current operations and excluding any expenditures made on behalf of the Borrower), except for capital expenditures in the ordinary course of business not exceeding, in the aggregate for the Borrower and it Subsidiaries during each Fiscal Year set
forth below, the amount set forth opposite such Fiscal Year: 
  
 
	 Fiscal Year
 
	  	 Amount
 

	 2003
 	  	 $45,000,000
 
	 2004
 	  	 $45,000,000
 
	 2005
 	  	 $50,000,000
 
	 2006
 	  	 $55,000,000
 
	 2007
 	  	 $65,000,000
 
	 2008
 	  	 $70,000,000
 

 
  
 7.13    Lease
Obligatons.    Create, incur, assume or suffer to exist any obligations as lessee (a) for the rental or hire of real or personal property in connection with any sale and leaseback transaction, except for the NDC Plaza
Transaction or (b) for the rental or hire of other real or personal property of any kind under leases or agreements to lease (excluding capital leases) having an original term of one year or more that would cause the direct and contingent
liabilities of the Borrower and its Subsidiaries, on a Consolidated basis, in respect of all such obligations to exceed $12,000,000 payable in any Fiscal Year. 

 
 81 








  
 7.14    Amendments of Organization
Documents.    Amend any of its Organization Documents in a manner that would be adverse to the Lenders. 
  
 7.15    Accounting Changes.    Make or permit any change in (a) accounting policies or reporting practices, except as required by GAAP, or (b) its Fiscal Year. 
  
 7.16    Prepayments, Etc., of Indebtedness.    Prepay, redeem, purchase, defease or
otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any subordinated Indebtedness (including, without limitation, the Senior Subordinated Notes), except (a)
regularly scheduled or required payments of interest as in effect on the Closing Date on the Senior Subordinated Notes and (b) regularly scheduled or required repayments of Surviving Debt as in effect on the Closing Date, or permit any of its
Subsidiaries to do any of the foregoing other than to prepay any subordinated Indebtedness payable to the Borrower. 
  
 7.17    Amendment, Etc., of Related Documents. 
  
 (a)    Amend, modify or change the Senior Subordinated Note Documents in any manner that would (i) increase the interest rate on the Senior Subordinated Note Documents or change (to earlier dates) the dates upon
which principal and interest are due thereon; (ii) alter the redemption, prepayment or subordination provisions thereof; (iii) alter the covenants and events of default in a manner that would make such provisions more onerous or restrictive to the
Borrower or any such Subsidiary; or (iv) otherwise increase the obligations of the Borrower or any Subsidiary in respect of the Senior Subordinated Note Documents; provided, however, that the Borrower may enter into any extensions,
renewals and replacements of the Senior Subordinated Note Documents or the Indenture which do not (w) increase the outstanding principal amount thereof in excess of $200,000,000, (x) shorten the maturity or the weighted average life thereof, (y)
alter the redemption, prepayment or subordination provisions thereof or (z) alter the covenants or events of default in a manner that would make such provisions more onerous or restrictive to the Borrower or any Subsidiary; 
  
 (b)    Amend, modify or change the TechRx Documents in any manner that would impair the value of the interest or
rights of any Loan Party thereunder or that would impair the rights or interests of the Administrative Agent or any Lender; or 
  
 (c)    Amend, modify, or change any intercompany notes issued pursuant to Section 7.03(d). 
  
 7.18    Partnerships, Etc.    Become a general partner in any general or limited partnership or joint venture. 
  
 7.19    Speculative Transactions.    Engage or permit any of its Subsidiaries to engage in any transaction involving
commodity options or futures contracts or any similar speculative transactions. 
  
 7.20    Formation of Subsidiaries.    Organize or invest in any new Subsidiary except as permitted under Section 7.02. 
  
 7.21    Amendment, Etc., of Material Contracts.    (a) Cancel or terminate any Material Contract or consent to or accept any
cancellation or termination thereof, (b) amend or otherwise modify any Material Contract or give any consent, waiver or approval thereunder, (c) waive any 

 
 82 








  
 default under or breach of any Material Contract, (d) agree in any manner to any other amendment,
modification or change of any term or condition of any Material Contract or (e) take any other action in connection with any Material Contract, that would, in the case of clauses (a), (b), (c), (d) and (e), impair the value of the interest or rights
of any Loan Party thereunder or that would impair the interest or rights of any Agent or any Lender. 
  
 ARTICLE VIII.

 EVENTS OF DEFAULT AND REMEDIES 
  
 8.01    Events of Default.    Any of the following shall constitute an Event of Default: 
  
 (a)    Non-Payment.    The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan
or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any commitment or other fee due hereunder, or (iii) within five days after the same becomes due, any other amount
payable hereunder or under any other Loan Document; or 
  
 (b)    Specific
Covenants.    The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.11, 6.12, 6.18,6.20 or
6.21 or Article VII, or any of the Guarantors fails to perform or observe any term, covenant or agreement contained in Section 1 of the Guaranty; or 
  
 (c)    Other Defaults.    Any Loan Party fails to perform or observe any other covenant or agreement (not specified in
subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the earlier of (i) any Responsible Officer becomes aware of such failure, or (ii) notice thereof shall
have been given to the Loan Parties by the Administrative Agent or any Lender; or 
  
 (d)    Representations and Warranties.    Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party
herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made; or 
  
 (e)    Cross-Default.    (i) The Borrower or any Subsidiary (A) fails to make any payment when due (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate principal amount (including undrawn
committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform any other agreement or condition relating to any
such Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such
Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to
become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash
collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which the Borrower or any
Subsidiary is 

 
 83 








  
 the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined)
under such Swap Contract as to which the Borrower or any Subsidiary is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by the Borrower or such Subsidiary as a result thereof is greater than the Threshold
Amount; or 
  
 (f)    Insolvency Proceedings, Etc.    Any Loan Party
or any of its Subsidiaries institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee,
custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the
application or consent of such Person and the appointment continues undischarged or unstayed for 45 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted
without the consent of such Person and continues undismissed or unstayed for 45 calendar days, or an order for relief is entered in any such proceeding; or 
  
 (g)    Inability to Pay Debts; Attachment.    (i) The Borrower or any Subsidiary becomes unable or admits in writing its inability or fails generally to
pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within
30 days after its issue or levy; or 
  
 (h)    Judgments.    There is
entered against the Borrower or any Subsidiary (i) a final judgment or order for the payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer is
rated at least “A” by A.M. Best Company and does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect
and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or
otherwise, is not in effect; or 
  
 (i)    ERISA.    An ERISA Event
occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of any Loan Party under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate
amount in excess of the Threshold Amount; or 
  
 (j)    Invalidity of Loan
Documents.    Any provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations,
ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation
under any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document; or 
  
 (k)    Change of Control.    There occurs any Change of Control with respect to the Borrower; or 
  
 (l)     Invalidity of Collateral Documents.    Any Collateral Document or financing statement after delivery thereof pursuant to Section 4.01 or
6.12 shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected lien on and security interest in 

 
 84 








  
 the Collateral purported to be covered thereby, subject only to such Liens as are permitted under the
Loan Documents. 
  
 8.02    Remedies upon Event of Default.
    If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

 
 (a)    declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C
Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 
  
 (b)    declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due
and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; 
  
 (c)    require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and 
  
 (d)    exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents or applicable Law;

  
 provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the
Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically immediately terminate, the unpaid principal amount of all
outstanding Loans and all interest and other amounts as aforesaid shall automatically immediately become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective,
in each case without further act of the Administrative Agent or any Lender. 
  
 8.03    Application of Funds.    After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C
Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order:

  
 First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other
amounts (including Attorney Costs and amounts payable under Article III) payable to the Administrative Agent and the Arrangers in their capacities as such; 
  
 Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders
(including Attorney Costs and amounts payable under Article III), ratably among them in proportion to the amounts described in this clause Second payable to them; 
  
 Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and L/C Borrowings, ratably among the Lenders in
proportion to the respective amounts described in this clause Third payable to them; 

 
 85 








  
 Fourth, ratably to payment of that portion of the Obligations constituting
unpaid principal of the Loans, L/C Borrowings, Secured Swap Contract Obligations and to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit, ratably among the Lenders (or, in the case of
amounts to Cash Collateralize L/C Obligations, to the Administrative Agent for the account of the L/C Issuer) in proportion to the respective amounts described in this clause Fourth held by them; 
  
 Fifth, to the payment of all other Obligations of the Loan Parties owing under or in respect of the Loan Documents that are due and
payable to the Administrative Agent and the other Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other Secured Parties on such date; and

  
 Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the
Borrower or as otherwise required by Law. 
  
 Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn
amount of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn
or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 
  
 ARTICLE IX. 
 ADMINISTRATIVE AGENT AND AGENT-RELATED PERSONS, ETC. 
  
 9.01    Appointment and Authorization of Administrative Agent. 
  
 (a)    Each Lender hereby irrevocably appoints, designates and authorizes the Administrative Agent to take such action on its behalf under the
provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document, the Administrative Agent and the Agent-Related Persons shall not have any duties or responsibilities, except those expressly
set forth herein, nor shall the Administrative Agent and the Agent-Related Persons have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations or
liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent or the Agent-Related Persons. Without limiting the generality of the foregoing sentence, the use of the term
“agent” herein and in the other Loan Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead, such
term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 
  
 (b)    The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and
the L/C Issuer shall have all of the benefits and immunities (i) provided to the Administrative Agent in this Article IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it
or proposed to be issued by it and the applications and agreements for letters of credit pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in this 

 
 86 








  
 Article IX and in the definition of “Agent-Related Person” included the L/C Issuer with
respect to such acts or omissions, and (ii) as additionally provided herein with respect to the L/C Issuer. 
  
 (c)    The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (in its capacities as a Lender, Swing Line Lender (if applicable) and L/C
Issuer (if applicable)) hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to
secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” (and any joint agents, sub-agents and
attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.02 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and
remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX (including, without limitation, Section 9.07, as though such joint agents, sub-agents and
attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. 
  
 9.02    Delegation of Duties.    The Administrative Agent may execute any of its duties under this Agreement or any other Loan Document (including for purposes of holding or
enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents or of exercising any rights and remedies thereunder at the direction of the Administrative Agent) by or through agents, employees or
attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent or
attorney-in-fact that it selects in the absence of gross negligence or willful misconduct. 
  
 9.03    Liability of Administrative Agent, Etc.    No Agent-Related Person shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this
Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct in connection with its duties expressly set forth herein), or (b) be responsible in any manner to any Lender or
participant for any recital, statement, representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for
in, or received by the Administrative Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or the
perfection or priority of any Lien or security interest created or purported to be created under the Collateral Documents, or for any failure of any Loan Party or any other party to any Loan Document to perform its obligations hereunder or
thereunder. No Agent-Related Person shall be under any obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan
Document, or to inspect the properties, books or records of any Loan Party or any Affiliate thereof. 
  
 9.04
Reliance by Administrative Agent. 
  
 (a)    The Administrative Agent shall be entitled to
rely, and shall be fully protected in relying, upon any writing, communication, signature, resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, electronic mail message,
statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements 

 
 87 








  
 of legal counsel (including counsel to any Loan Party), independent accountants and other experts
selected by the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems
appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative
Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders (or such greater number of Lenders as may be
expressly required hereby in any instance) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders. 
  
 (b)    For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to,
approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender
prior to the proposed Closing Date specifying its objection thereto. 
  
 9.05    Notice of
Default.    The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default, except with respect to defaults in the payment of principal, interest and fees required to be paid to the
Administrative Agent for the account of the Lenders, unless the Administrative Agent shall have received written notice from a Lender or the Borrower referring to this Agreement, describing such Default and stating that such notice is a “notice
of default.” The Administrative Agent will notify the Lenders of its receipt of any such notice. The Administrative Agent shall take such action with respect to such Default as may be directed by the Required Lenders in accordance with
Article VIII; provided, however, that unless and until the Administrative Agent has received any such direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Default as it shall deem advisable or in the best interest of the Lenders. 
  
 9.06    Credit Decision; Disclosure of Information by Administrative Agent.    Each Lender acknowledges that no Agent-Related Person has made any representation or warranty to it,
and that no act by the Administrative Agent hereafter taken, including any consent to and acceptance of any assignment or review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty
by any Agent-Related Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their possession. Each Lender represents to the Administrative Agent that it has, independently and without
reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and
creditworthiness of the Loan Parties and their respective Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to
the Borrower hereunder. Each Lender also represents that it will, independently and without reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property,
financial and other condition and creditworthiness of the Borrower and the other Loan Parties. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent herein, the Administrative


 
 88 








  
 Agent shall not have any duty or responsibility to provide any Lender with any credit or other
information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of any Agent-Related Person.

  
 9.07    Indemnification of Administrative Agent.    Whether or not
the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the obligation of any Loan Party to do so),
pro rata, and hold harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by it; provided, however, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of
such Indemnified Liabilities to the extent determined in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from such Agent-Related Person’s own gross negligence or willful misconduct; provided,
however, that no action taken in accordance with the directions of the Required Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section. In the case of any investigation, litigation or
proceeding giving rise to any Indemnified Liabilities, this Section 9.07 applies whether any such investigation, litigation or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each Lender shall
reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by or
referred to herein, to the extent that the Administrative Agent is not reimbursed for such expenses by or on behalf of the Borrower. The undertaking in this Section shall survive termination of the Aggregate Commitments, the payment of all other
Obligations and the resignation of the Administrative Agent. 
  
 9.08    Administrative Agent
in its Individual Capacity.    Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., (or any other Person acting as the Administrative Agent) and its Affiliates may make loans to, issue letters
of credit for the account of, accept deposits from, acquire Equity Interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with each of the Loan Parties and their respective Affiliates as
though Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., (or any other Person acting as the Administrative Agent) were not the Administrative Agent or the L/C Issuer hereunder and without notice to or consent of
the Lenders. The Lenders acknowledge that, pursuant to such activities, Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., (or any other Person acting as the Administrative Agent) or its Affiliates may receive
information regarding any Loan Party or its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that the Administrative Agent shall be under no
obligation to provide such information to them. With respect to its Loans, Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., (or any other Person acting as the Administrative Agent) shall have the same rights and
powers under this Agreement as any other Lender and may exercise such rights and powers as though it were not the Administrative Agent or the L/C Issuer or the Swing Line Lender, and the terms “Lender” and “Lenders” include
Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., (or any other Person acting as the Administrative Agent) in its individual capacity. 
  
 9.09    Successor Administrative Agent.    The Administrative Agent may resign as Administrative Agent upon 30 days’
notice to the Lenders; provided that any such resignation by 

 
 89 








 
the Administrative Agent shall also constitute its resignation as L/C Issuer and Swing Line Lender, if applicable, hereunder. Notwithstanding the foregoing, MLC may assign all of its rights and
obligations incurred in its capacity as Administrative Agent, Swing Line Lender, L/C Issuer, if applicable, and Lender to any of its Affiliates (the “MLC Affiliate Assignment”) upon notice to the Lenders and the Borrower but without
any other action or consent on the part of any Loan Party or any other Lender. If the Administrative Agent resigns under this Agreement (other than pursuant to the MLC Affiliate Assignment), the Required Lenders shall appoint from among the Lenders
a successor administrative agent for the Lenders, which successor administrative agent shall be consented to by the Borrower at all times other than during the existence of an Event of Default (which consent of the Borrower shall not be unreasonably
withheld or delayed). If no successor administrative agent is appointed prior to the effective date of the resignation of the Administrative Agent, the Administrative Agent may appoint, after consulting with the Lenders and the Borrower, a successor
administrative agent from among the Lenders. Upon the acceptance of its appointment as successor administrative agent hereunder, the Person acting as such successor administrative agent (including pursuant to the MLC Affiliate Assignment) shall
succeed to all the rights, powers and duties of the retiring Administrative Agent, L/C Issuer and Swing Line Lender, as applicable, and the respective terms “Administrative Agent”, “L/C Issuer” and “Swing Line Lender”
shall mean such successor administrative agent, Letter of Credit issuer and swing line lender, and the retiring Administrative Agent’s appointment, powers and duties as Administrative Agent shall be terminated and the retiring L/C Issuer’s
and Swing Line Lender’s rights, powers and duties as such shall be terminated, without any other or further act or deed on the part of such retiring L/C Issuer or Swing Line Lender or any other Lender, other than the obligation of the successor
L/C Issuer to issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or to make other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of the
retiring L/C Issuer with respect to such Letters of Credit. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent (including pursuant to the MLC Affiliate Assignment), the provisions of this Article IX
and Sections 10.04 and 10.05 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. If no successor administrative agent has accepted appointment as
Administrative Agent by the date which is 30 days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall
perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor
(including pursuant to the MLC Affiliate Assignment) and upon the execution and filing or recording of such financing statements, or amendments thereto, and such amendments or supplements to the mortgages, if any, and such other instruments or
notices, as may be necessary or desirable, or as the Required Lenders may request, in order to continue the perfection of the Liens granted or purported to be granted by the Collateral Documents, such successor Administrative Agent shall thereupon
succeed to and become vested with all the rights, powers, discretion, privileges, and duties of the retiring Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations under the Loan Documents. 

 
 9.10    Administrative Agent May File Proofs of Claim.    In case of the
pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any
Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention
in such proceeding or otherwise 

 
 90 








  
 (a)    to file and prove a claim for the whole amount of the
principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the
Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the
Administrative Agent under Sections 2.03(i) and (j), 2.10 and 10.04) allowed in such judicial proceeding; and 
  
 (b)    to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
  
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and
advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.10 and 10.04. 
  
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment
or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 
  
 9.11    Collateral and Guaranty Matters.    The Lenders irrevocably authorize the Administrative Agent, at its option and in
its discretion, 
  
 (a)    to release any Lien on any property granted to or held by the
Administrative Agent under any Loan Document (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification obligations not yet accrued and payable) and the expiration or termination
of all Letters of Credit, (ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, or (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the
Required Lenders; 
  
 (b)    to subordinate any Lien on any property granted to or held by the
Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(i); and 
  
 (c)    to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. 
  
 Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s
authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.11. In each case as specified in this Section
9.11, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment
and security interest granted under the Collateral Documents, or to 

 
 91 








  
 release such Guarantor from its obligations under the Guaranty, in each case in accordance with the
terms of the Loan Documents and this Section 9.11. 
  
 9.12.    Other Agents; Arrangers
and Managers.    None of the Lenders or other Persons identified on the facing page or signature pages of this Agreement as a “syndication agent,” “joint syndication agent,” “documentation
agent”, “joint agent,” “book manager,” “joint bookrunner,” “lead manager,” “arranger,” “lead arranger,” “joint lead arranger” or “Arranger” shall have any right,
power, obligation, liability, responsibility or duty under this Agreement other than to the extent expressly set forth herein and, in the case of such Lenders, those applicable to all Lenders as such. Without limiting the foregoing, none of the
Lenders or other Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders or other Persons so identified in deciding
to enter into this Agreement or in taking or not taking action hereunder. 
  
 ARTICLE X. 
 MISCELLANEOUS 
  
 10.01    Amendments, Etc.    No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Borrower or any other Loan Party
therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only
in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 
  
 (a)    waive any condition set forth in Section 4.01, or, in the case of the initial Credit Extension, Section 4.02, without the written consent of each Lender (other
than any Lender that is, at such time, a Defaulting Lender); 
  
 (b)    extend or increase the
Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without the written consent of such Lender or extend or increase the amount of the aggregate Revolving Credit Commitment or the aggregate Term
Commitment without the written consent of Lenders having more than 67% of the Aggregate Credit Exposures at such time; 
  
 (c)    postpone any date scheduled for any payment of principal or interest under Section 2.08 or 2.09, or any date fixed by the Administrative Agent for the payment of fees or other amounts due to the
Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; 
  
 (d)    reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (v) of the second proviso to this Section 10.01) any fees or other
amounts payable hereunder or under any other Loan Document, or change the manner of computation of any financial ratio (including any change in any applicable defined term) used in determining the Applicable Rate that would result in a reduction of
any interest rate on any Loan or any fee payable hereunder without the written consent of each Lender directly affected thereby; provided, however, that only the consent of the Required Lenders shall be necessary (i) to amend the
definition of “Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate or (ii) to amend any financial covenant hereunder (or any defined term used therein) 

 
 92 








  
 even if the effect of such amendment would be to reduce the rate of interest on any Loan or L/C
Borrowing or to reduce any fee payable hereunder; 
  
 (e)    change the order of application of
any reduction in the Commitments or any prepayment of Loans between the Credit Facilities from the application thereof set forth in the applicable provisions of Section 2.05, 2.06 or 2.07(b), (c) or (d) respectively, in any manner that
materially and adversely affects the Lenders under such Facilities or require the permanent reduction of the Revolving Credit Facility at any time when all or a portion of the Term Facility remains in effect without the written consent of each such
Lender directly affected thereby; 
  
 (f)    change any provision of this Section 10.01
without the written consent of each Lender, or change (i) the definition of (A) “Required Lenders” without the written consent of each Lender, (B) “Required Revolving Credit Lenders”, without the written consent of each Revolving
Credit Lender or (C) “Required Term Lender” without the written consent of each Term Lender or (ii) any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder
or make any determination or grant any consent hereunder, without the written consent of each Lender; 
  
 (g)    release all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of each Lender; 
  

(h)    release any material Guarantor from the Guaranty, without the written consent of each Lender; 
  
 (i)    impose any greater restriction on the ability of any Lender to assign any of its rights or obligations
hereunder without the written consent of Lenders having more than 50% of the Aggregate Credit Exposures then in effect within the following class of Commitments, Loans and other Credit Extensions: (i) in the case of Revolving Credit Commitments and
Revolving Credit Loans, the class consisting of the aggregate Revolving Credit Commitments and (ii) in the case of Term Loans, the class consisting of the aggregate Term Commitments. For purposes of this clause, the aggregate amount of each
Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans shall be deemed to be held by such Lender; 
  
 (j)    affect adversely the interests, rights or obligations of the Revolving Credit Lenders in a manner substantially different from the effect of such amendment, waiver or consent
on the Term Lenders, unless consented to by the Required Revolving Credit Lenders, it being understood that (i) any amendment, waiver or consent that has the effect of curing or waiving any Default and that contemplates a Borrowing in connection
with such amendment, waiver or consent shall require the consent of the Required Revolving Credit Lenders and (ii) any amendment, waiver or consent that has the effect of shortening the maturity or any payment scheduled under Section 2.08(a)
with respect to the Term Loans shall require the consent of the Required Revolving Credit Lenders; 
  
 (k)    affect adversely the interests, rights or obligations of the Term Lenders in a manner substantially different from the effect of such amendment, waiver or consent on the Revolving Credit Lenders, unless
consented to by the Required Term Lenders; or 
  
 (l)    change the description set forth in
Section 2.06(a) or (b) (or any related definition set forth in Section 1.01) of any event giving rise to a required prepayment under such Section without the consent of the Required Revolving Credit Lenders and the Required Term
Lenders; 

 
 93 








 
and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights or
duties of the L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in
addition to the Lenders required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent under this Agreement or any other Loan Document; (iii) no amendment, waiver or consent shall, unless in writing
and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement; (iv) Section 10.07(h) may not be amended, waived or otherwise modified without the
consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such amendment, waiver or other modification; and (v) the Fee Letters may be amended, or rights or privileges thereunder waived, in a writing
executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not
be increased or extended without the consent of such Lender. 
  
 10.02    Notices and Other
Communications; Facsimile Copies. 
  
 (a)    General.    Unless
otherwise expressly provided herein, all notices and other communications provided for hereunder or under any other Loan Document shall be in writing (including by facsimile transmission). All such written notices shall be mailed, faxed or delivered
to the applicable address, facsimile number or (subject to subsection (c) below) electronic mail address, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone
number, as follows: 
  
 (i)    if to the Borrower, the Administrative Agent, the
L/C Issuer or the Swing Line Lender, to the address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 10.02 or to such other address, facsimile number, electronic mail address or telephone
number as shall be designated by such party in a notice to the other parties; and 
  
 (ii)    if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative Questionnaire or to such other address, facsimile number, electronic
mail address or telephone number as shall be designated by such party in a notice to the Borrower, the Administrative Agent, the L/C Issuer and the Swing Line Lender. 
  
 All such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by
courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, four Business Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when sent and receipt has been confirmed by telephone;
and (D) if delivered by electronic mail (which form of delivery is subject to the provisions of subsection (c) below), when delivered; provided, however, that notices and other communications to the Administrative Agent, the L/C Issuer
and the Swing Line Lender pursuant to Article II shall not be effective until actually received by such Person. In no event shall a voicemail message be effective as a notice, communication or confirmation hereunder. 
  
 (b)    Effectiveness of Facsimile Documents and Signatures.    Loan Documents may be
transmitted and/or signed by facsimile. The effectiveness of any such documents and signatures 

 
 94 








 
shall, subject to applicable Law, have the same force and effect as manually-signed originals and shall be binding on all Loan Parties, the Administrative Agent and the Lenders. The
Administrative Agent may also require that any such documents and signatures be confirmed by a manually-signed original thereof; provided, however, that the failure to request or deliver the same shall not limit the effectiveness of
any facsimile document or signature. 
  
 (c)    Use of Electronic
Mail.    Electronic mail and Internet and intranet websites may be used by the Administrative Agent and/or the Arrangers to distribute communications, such as financial statements and other information as provided in
Section 6.02, and to distribute Loan Documents for execution by the parties thereto, and the Administrative Agent and the Arrangers and all Agent-Related Persons shall not be responsible for any losses, costs, expenses and liabilities that
may arise by reason of the use thereof, except for their own gross negligence or willful misconduct. 
  
 (d)    Reliance by Administrative Agent and Lenders.    The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan
Notices and Swing Line Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified
herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting from the
reliance by such Person on each notice purportedly given by or on behalf of the Borrower in accordance with this clause (d) or clause (c) of this Section 10.02, other than, with respect to any Agent-Related Person, the losses, costs, expenses
and liabilities that result from the gross negligence or willful misconduct of such Agent-Related Person. All telephonic notices to and other communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the
parties hereto hereby consents to such recording. 
  
 10.03    No Waiver; Cumulative
Remedies.    No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a
waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers
and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
  
 10.04    Attorney Costs, Expenses and Taxes.    The Borrower agrees (a) to pay or reimburse the Arrangers and the
Administrative Agent for all reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation, negotiation and execution of this Agreement and the other Loan Documents and any amendment, waiver, consent or other
modification of the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the consummation and administration of the transactions contemplated hereby and thereby, and the consideration of
legal and interpretive matters related hereto and thereto, including all reasonable Attorney Costs, and (b) to pay or reimburse the Administrative Agent and each Lender for all costs and expenses incurred in connection with the enforcement,
attempted enforcement of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Law), including all
reasonable Attorney Costs. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other reasonable out-of-pocket expenses 

 
 95 








 incurred by the Administrative Agent and the cost of independent public accountants and other outside experts retained by the Administrative
Agent or any Lender. All amounts due under this Section 10.04 shall be payable within ten Business Days after demand therefor. The agreements in this Section shall survive the termination of the Aggregate Commitments and repayment of all
other Obligations. If any Loan Party fails to pay when due any costs, expenses or other amounts payable by it hereunder or under any Loan Document, including, without limitation, reasonable Attorney Costs and indemnities, such amount may be paid on
behalf of such Loan Party by the Administrative Agent or any Lender, in its sole discretion. 
  
 10.05    Indemnification by the Borrower.    Whether or not the transactions contemplated hereby are consummated, the Borrower shall indemnify and hold harmless each Agent-Related
Person, each Lender and their respective Affiliates, directors, officers, employees, counsel, agents and attorneys-in-fact (collectively the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages,
penalties, claims, demands, actions, judgments, suits, and reasonable out-of-pocket costs, expenses and disbursements (including reasonable Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted
against any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in
connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (b) any Commitment, Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C
Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (c) any actual or alleged presence or release of Hazardous
Materials on or from any property currently or formerly owned or operated by the Borrower, any Subsidiary or any other Loan Party, or any Environmental Liability related in any way to the Borrower, any Subsidiary or any other Loan Party, or (d) any
actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened
claim, investigation, litigation or proceeding) and regardless of whether any such claim, investigation, litigation or proceeding is brought by any Loan Party, its directors, shareholders or creditors or an Indemnitee or any Indemnitee is a party
thereto (all the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements are determined by a court of competent jurisdiction by
final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through
IntraLinks or other similar information transmission systems in connection with this Agreement, nor shall any Indemnitee have any liability for any indirect or consequential damages relating to this Agreement or any other Loan Document or arising
out of its activities in connection herewith or therewith (whether before or after the Closing Date). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 10.05 applies, such indemnity shall
be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, shareholders or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and
whether or not any of the transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section 10.05 shall be payable within ten Business Days after demand therefor. The agreements in
this Section shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

 
 96 








  
 10.06    Payments Set Aside.    To
the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part
thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee,
receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in
full force and effect as if such payment had not been made or such set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by the
Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. 
  
 10.07    Successors and Assigns. 
  
 (a)    The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not
assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in
accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the
restrictions of subsection (f) or (i) of this Section, or (iv) to an SPC in accordance with the provisions of subsection (h) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the
extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
  
 (b)    Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans
(including for purposes of this subsection (b), participations in L/C Obligations and in Swing Line Loans) at the time owing to it); provided that (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or a Lender Fund (as defined in subsection (g) of this Section) with respect to a Lender, the aggregate amount of
the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loan of the assigning Lender subject to each such assignment, determined
as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than
$1,000,000 for each separate tranche of the Credit Facilities unless each of the Administrative Agent and, so long as no Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or
delayed); (ii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this
clause (ii) shall not (x) apply to rights in respect of Swing Line Loans or (y) prohibit any Lender from assigning all or a portion of its rights and obligations among separate Credit Facilities on a non-pro rata basis; (iii) any assignment of a
Revolving Credit Commitment 

 
 97 








  
 must be approved by the Administrative Agent, the L/C Issuer and the Swing Line Lender unless the Person
that is the proposed assignee is itself a Revolving Credit Lender (whether or not the proposed assignee would otherwise qualify as an Eligible Assignee); and (iv) the parties to each assignment shall execute and deliver to the Administrative Agent
an Assignment and Assumption, together with (except where the assignor is an Arranger or an affiliate thereof) a processing and recordation fee of $3,500. Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection
(c) of this Section, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.01,
3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with subsection (d) of this Section. 
  
 (c)    The Administrative
Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations 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 and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The
Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
  
 (d)    Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person or
the Borrower or any of the Borrower’s Affiliates or Subsidiaries ) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment
and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other
modification described in the first proviso to Section 10.01 that directly affects such Participant. Subject to subsection (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections
3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the
benefits of 

 
 98 








  
 Section 10.09 as though it were a Lender, provided such Participant agrees to be subject
to Section 2.14 as though it were a Lender. 
  
 (e)    A Participant shall not be entitled
to receive any greater payment under Section 3.01, 3.04 or 3.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to
such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the
participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 10.15 as though it were a Lender. 
  
 (f)    Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its
Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder
or substitute any such pledgee or assignee for such Lender as a party hereto. 
  
 (g)    As used
herein, the following terms have the following meanings: 
  
 “Eligible Assignee”
means (a) a Lender; (b) an Affiliate of a Lender; (c) a Lender Fund or any other Fund; and (d) any other Person (other than a natural person) approved by (i) the Arrangers and the Administrative Agent, (ii) in the case of any assignment of a
Revolving Credit Commitment, the L/C Issuer and the Swing Line Lender, in each case, with notice to the Arrangers and the Borrower, and (iii) unless a Default has occurred and is continuing or if determined by the Arrangers in consultation with the
Borrower to be necessary to achieve a successful syndication of the Credit Facilities, the Borrower (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee”
shall not include the Borrower or any of the Borrower’s Affiliates or Subsidiaries. 
  
 “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of
its business. 
  
 “Lender Fund” means any Fund that is administered or managed by
(a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
  
 (h)    Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle identified as such in writing from time to time by
the Granting Lender to the Administrative Agent and the Borrower (an “SPC”) the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make pursuant to this Agreement; provided
that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC elects not to exercise such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to make such
Loan pursuant to the terms hereof. Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrower
under this Agreement (including its obligations under Section 3.04), (ii) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (iii) the Granting Lender shall for
all purposes, including the approval of any amendment, waiver or other 

 
 99 








  
 modification of any provision of any Loan Document, remain the lender of record hereunder. 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. 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 debt 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 proceeding under the laws of the United States or any State thereof. Notwithstanding anything to the contrary contained herein, any SPC may (i)
with notice to, but without prior consent of the Borrower and the Administrative Agent and with (except where the Assignor is an Affiliate of an Arranger) the payment of a processing fee of $3,500, assign all or any portion of its right to receive
payment with respect to any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or
credit or liquidity enhancement to such SPC. 
  
 (i)    Notwithstanding anything to the contrary
contained herein, any Lender that is a Fund may create a security interest in all or any portion of the Loans owing to it and the Note, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security
for such obligations or securities, provided that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 10.07, (i) no such pledge shall release the pledging Lender from any of
its obligations under the Loan Documents and (ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such trustee may have acquired ownership rights with respect to the pledged interest
through foreclosure or otherwise. 
  
 Notwithstanding anything to the contrary contained herein (other than Section
9.09 with respect to the MLC Affiliate Assignment), if at any time the Administrative Agent assigns all of its Commitment and Loans pursuant to subsection (b) above (other than pursuant to the MLC Affiliate Assignment), the Administrative Agent may,
(i) upon 30 days’ notice to the Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon 30 days’ notice to the Borrower, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing Line Lender (other
than pursuant to the MLC Affiliate Assignment), the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however, that no failure by the Borrower to appoint any
such successor shall affect the resignation of the Administrative Agent as L/C Issuer or Swing Line Lender, as the case may be. If the Administrative Agent resigns as L/C Issuer (including pursuant to the MLC Affiliate Assignment, if applicable), it
shall retain all the rights and obligations of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to
require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If the Administrative Agent resigns as Swing Line Lender (including pursuant to the MLC Affiliate Assignment), it
shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans
or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04. 
  
 10.08    Confidentiality.    Each of the Administrative Agent, the Arrangers and the Lenders agrees to maintain the confidentiality of the Information (as defined below) in accordance
with its customary procedures for handling such Information, except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal 

 
 100 








  
 counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent requested by any regulatory authority; (c) to the extent required by applicable laws or regulations or by any subpoena
or similar legal process; (d) to any other party to this Agreement; (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder; (f) subject to an
agreement containing provisions substantially the same as those of this Section, to (i) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement or
(ii) any direct or indirect contractual counterparty or prospective counterparty (or such contractual counterparty’s or prospective counterparty’s professional advisor) to any credit derivative transaction relating to obligations of the
Loan Parties; (g) with the consent of the Borrower; (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, the Arrangers or any
Lender on a nonconfidential basis from a source other than the Borrower; (i) to any state, Federal or foreign authority or examiner (including the National Association of Insurance Commissioners or any other similar organization) regulating any
Lender; or (j) to any rating agency when required by it (it being understood that, prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any Information relating to the Loan Parties received by it from
such Lender. In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry, and service providers
to the Administrative Agent and the Lenders in connection with the administration and management of this Agreement, the other Loan Documents, the Commitments, and the Credit Extensions. For the purposes of this Section,
“Information” means all information received from any Loan Party relating to any Loan Party or its business, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis
prior to disclosure by any Loan Party; provided that, in the case of information received from a Loan Party after the date hereof, such information is clearly identified in writing at the time of delivery as confidential. Any Person required
to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as
such Person would accord to its own confidential information. 
  
 10.09    Set-off.    In addition to any rights and remedies of the Lenders provided by law, upon the occurrence and during the continuance of any Event of Default and with the
consent of the Required Lenders, each Lender and each of their respective Affiliates is authorized at any time and from time to time, without prior notice to the Borrower or any other Loan Party, any such notice being waived by the Borrower (on its
own behalf and on behalf of each Loan Party) to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other indebtedness at any time owing
by, such Lender to or for the credit or the account of the respective Loan Parties against any and all Obligations owing to such Lender hereunder or under any other Loan Document, now or hereafter existing, irrespective of whether or not the
Administrative Agent or such Lender shall have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured or denominated in a currency different from that of the applicable deposit or
indebtedness. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by such Lender; provided, however, that the failure to give such notice shall not affect the
validity of such set-off and application. The rights of the Administrative Agent and each Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off)
that the Administrative Agent, such Lender and their respective Affiliates may have. 

 
 101 








  
 10.10    Interest Rate
Limitation.    Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by
applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds
such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law,
(a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total
amount of interest throughout the contemplated term of the Obligations hereunder. 
  
 10.11    Counterparts.    This Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. Delivery by telecopier of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective as delivery of an original executed counterpart of this Agreement
and such other Loan Document. The Administrative Agent may also require that any such documents and signatures delivered by telecopier be confirmed by a manually-signed original thereof; provided that the failure to request or deliver the
same shall not limit the effectiveness of any document or signature delivered by telecopier. 
  
 10.12    Integration.    This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof
and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided
that the inclusion of supplemental rights or remedies in favor of the Administrative Agent or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of
the respective parties thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof. 
  
 10.13    Survival of Representations and Warranties.    All representations and warranties made hereunder and in any other Loan Document or other document
delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each
Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit
Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 
  

10.14    Severability.    If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid
or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to
replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

 
 102 








  
 10.15    Tax
Forms.    (a)    (i) Each Lender that is not a “United States person” within the meaning of Section 7701(a)(30) of the Code (a “Foreign Lender”) shall deliver to the
Administrative Agent, prior to receipt of any payment subject to withholding under the Code (or upon accepting an assignment of an interest herein), two duly signed completed copies of either IRS Form W-8BEN or any successor thereto (relating to
such Foreign Lender and entitling it to an exemption from, or reduction of, withholding tax on all payments to be made to such Foreign Lender by the Borrower pursuant to this Agreement) or IRS Form W-8ECI or any successor thereto (relating to all
payments to be made to such Foreign Lender by the Borrower pursuant to this Agreement) or such other evidence satisfactory to the Borrower and the Administrative Agent that such Foreign Lender is entitled to an exemption from, or reduction of, U.S.
withholding tax, including any exemption pursuant to Section 881(c) of the Code. Thereafter and from time to time, each such Foreign Lender shall (A) promptly submit to the Administrative Agent such additional duly completed and signed copies of one
of such forms (or such successor forms as shall be adopted from time to time by the relevant United States taxing authorities) as may then be available under then current United States laws and regulations to avoid, or such evidence as is
satisfactory to the Borrower and the Administrative Agent of any available exemption from or reduction of, United States withholding taxes in respect of all payments to be made to such Foreign Lender by the Borrower pursuant to this Agreement, (B)
promptly notify the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction, and (C) take such steps as shall not be materially disadvantageous to it, in the reasonable judgment of
such Foreign Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of applicable Laws that the Borrower make any deduction or withholding for taxes from amounts payable to such
Foreign Lender. If the forms provided by a Foreign Lender at the time such Foreign Lender first becomes a party to this Agreement indicate a U.S. interest withholding rate in excess of zero, withholding tax at such rate shall be considered excluded
from Taxes unless and until such Foreign Lender provides the appropriate forms certifying that a lesser rate applies, whereupon withholding tax at such lesser rate only shall be considered excluded from Taxes for periods governed by such forms;
provided, however, that, if at the date of the Assignment and Assumption pursuant to which a Foreign Lender becomes a party to this Agreement, the Foreign Lender assignor was entitled to payments under subsection (a) of Section 3.01 in
respect of U.S. withholding tax with respect to interest paid at such date, then, to such extent, Taxes shall include (in addition to withholding tax that may be imposed in the future or other amounts otherwise includible in Taxes) U.S. withholding
tax, if any, applicable with respect to the Foreign Lender assignee on such date. If any form or document referred to in this subsection (a) requires the disclosure of information, other than information necessary to compute the tax payable and
information required on the date hereof by IRS Forms W-8BEN or W-8ECI, that the Foreign Lender reasonably considers to be confidential, the Foreign Lender shall give notice thereof to the Borrower and shall not be obligated to include in such form
or document such confidential information. 
  
 (ii)    Each Foreign Lender, to the extent it does
not act or ceases to act for its own account with respect to any portion of any sums paid or payable to such Foreign Lender under any of the Loan Documents (for example, in the case of a typical participation by such Foreign Lender), shall deliver
to the Administrative Agent on the date when such Foreign Lender ceases to act for its own account with respect to any portion of any such sums paid or payable, and at such other times as may be necessary in the determination of the Administrative
Agent (in the reasonable exercise of its discretion), (A) two duly signed completed copies of the forms or statements required to be provided by such Foreign Lender as set forth above, to establish the portion of any such sums paid or payable with
respect to which such Foreign Lender acts for its own account that is not subject to U.S. withholding tax, and (B) two duly signed completed copies of IRS Form W-8IMY (or any successor thereto), together with any information such Foreign


 
 103 








  
 Lender chooses to transmit with such form, and any other certificate or statement of exemption required
under the Code, to establish that such Foreign Lender is not acting for its own account with respect to a portion of any such sums payable to such Foreign Lender. Any Foreign Lender who provides forms or statements pursuant to Section
10.15(a)(ii)(A) shall be subject to Section 10.15(a)(i) to the extent of the portion of the sums paid or payable with respect to which such Foreign Lender acts for its own account. 
  

(iii)    The Borrower shall not be required to pay any additional amount to any Foreign Lender under Section 3.01 (A) with respect to any
Taxes required to be deducted or withheld on the basis of the information, certificates or statements of exemption such Foreign Lender transmits with an IRS Form W-8IMY pursuant to this Section 10.15(a) or (B) if such Foreign Lender shall
have failed to satisfy the foregoing provisions of this Section 10.15(a); provided that if such Foreign Lender shall have satisfied the requirement of this Section 10.15(a) on the date such Foreign Lender became a Lender or
ceased to act for its own account with respect to any payment under any of the Loan Documents, nothing in this Section 10.15(a) shall relieve the Borrower of its obligation to pay any amounts pursuant to Section 3.01 in the event that,
as a result of any change in any applicable law, treaty or governmental rule, regulation or order, or any change in the interpretation, administration or application thereof, such Foreign Lender is no longer properly entitled to deliver forms,
certificates or other evidence at a subsequent date establishing the fact that such Foreign Lender or other Person for the account of which such Foreign Lender receives any sums payable under any of the Loan Documents is not subject to withholding
or is subject to withholding at a reduced rate; provided, further, that should a Foreign Lender become subject to Taxes because of its failure to satisfy the foregoing provisions of this Section 10.15(a), the Borrower shall take
such steps as such Foreign Lender shall reasonably request to assist such Foreign Lender in recovering such Taxes. 
  
 (iv)    The Administrative Agent may, without reduction, withhold any Taxes required to be deducted and withheld from any payment under any of the Loan Documents with respect to which the Borrower is not required
to pay additional amounts under this Section 10.15(a). 
  
 (b)    Upon the request of the
Administrative Agent, each Lender that is a “United States person” within the meaning of Section 7701(a)(30) of the Code shall deliver to the Administrative Agent two duly signed completed copies of IRS Form W-9. If such Lender fails to
deliver such forms, then the Administrative Agent may withhold from any interest payment to such Lender an amount equivalent to the applicable backup withholding tax imposed by the Code, without reduction. 
  
 (c)    If any Governmental Authority asserts that the Administrative Agent did not properly withhold or backup
withhold, as the case may be, any Tax or other amount from payments made to or for the account of any Lender, such Lender shall indemnify the Administrative Agent therefor, including all penalties and interest, any Taxes imposed by any jurisdiction
on the amounts payable to the Administrative Agent under this Section, and costs and expenses (including Attorney Costs) of the Administrative Agent. The obligation of the Lenders under this Section shall survive the termination of the Aggregate
Commitments, repayment of all other Obligations hereunder and the resignation of the Administrative Agent. 
  
 10.16    TechRx Guaranty and Pledge of Equity Interests.    (a) The parties hereto agree that in the event that the acquisition of all the additional shares of capital stock of TechRx
(the “TechRx Acquisition”) is not consummated in accordance with the terms of the TechRx Documents by May 31, 2003 (or such later date as the parties thereto may agree with the consent of the Required Lenders), the Guaranty of the
Obligations of the Loan Parties hereunder by TechRx 

 
 104 








  
 shall thereafter be limited on any date of determination to 63% of the greatest of (i) the value of the
net assets of TechRx on such date of determination, (ii) EBITDA of TechRx on such date of determination, (iii) the Fair Market Value of TechRx on such date of determination, and (iv) the net worth of TechRx on such date of determination. As used
herein “Fair Market Value” means, with respect to any asset or property, the sale value that would be obtained in an arm’s-length transaction between an informed and willing seller under no compulsion to sell and an informed and
willing buyer under no compulsion to buy. 
  
 (b)    Within 30 days following the date of
consummation of the TechRx Acquisition, the Borrower will deliver or cause to be delivered to the Administrative Agent a supplement to the Security Agreement pledging 100% of the Equity Interests in TechRx Canada Corporation held by TechRx as
security for the Obligations of the Loan Parties hereunder. 
  
 10.17    Governing
Law.    THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE;
PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
  
 (a)    ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY OR OF THE UNITED STATES FOR THE
SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE
BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY
ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE
BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE. 
  
 10.18    Waiver of Right to Trial
by Jury.    EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL
TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY
HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS
WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

 
 105 








  
 10.19    Binding Effect.    This
Agreement shall become effective when it shall have been executed by the Borrower and the Administrative Agent shall have been notified by each Lender, the L/C Issuer and the Swing Line Lender that each such Lender, L/C Issuer and Swing Line Lender
has executed it and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and their respective successors and assigns, except that the Borrower shall not have the right to assign its
rights hereunder or any interest herein without the prior written consent of the Lenders. 
  

 
 106 








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

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 
  
 
	 MERRILL LYNCH CAPITAL,
 a division of Merrill Lynch Business Financial
Services Inc., as Administrative Agent and Swing Line Lender
 
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 
  
 
	 MERRILL LYNCH & CO.,
 MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED, as Arranger
 
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 
  
 
	 MERRILL LYNCH & CO.,
 MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED, as a Lender
 
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 
  

 








  
  
 
	 CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands Branch, as Arranger
 
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 
 
	  
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 
  
 
	 CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands Branch, as Syndiction Agent
 
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 

	  
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 

 
 S-2 








  
 
	 LASALLE BANK NATIONAL ASSOCIATION,
 as a Lender and L/C
Issuer
 
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 
  
 
	 MERRILL LYNCH CAPITAL CORPORATION,
 as a Lender


	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 
  
 
	 CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands Branch, as a Lender
 
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 

	  
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 

 
 S-3 








  
 
	 BANK OF AMERICA, N.A.,
 as Documentation Agent and a
Lender
 
	 
	 By:
 	 	 

	  	 	  
	 Name:
 	 	 

	  	 	  
	 Title:
 	 	 


 

 
 S-4 








  
 
	 The Lenders 
 
	 
	 

	                     [Insert Institution’s Name]
 
	  	 	  
	  	 	  
	 By:
 	 	 

	  	 	 Name:
 
	  	 	 Title:
 

 

 
 S-5