Exhibit 10.1









 


 



 





Published CUSIP Numbers: [       ]


 


[       ]


 


364 DAY CREDIT AGREEMENT


(SYNDICATED FACILITY AGREEMENT)


Dated as of November 18, 2022


 


among


 


TOYOTA MOTOR CREDIT CORPORATION,



TOYOTA MOTOR FINANCE (NETHERLANDS)
B.V.,


TOYOTA FINANCIAL SERVICES (UK) PLC,



TOYOTA CREDIT DE PUERTO RICO CORP., 


TOYOTA CREDIT CANADA INC.,


TOYOTA KREDITBANK GMBH,


and


TOYOTA FINANCE AUSTRALIA
LIMITED (ABN 48 002 435 181)


as the Borrowers,


 


BNP PARIBAS,


as Administrative Agent, Swing
Line Agent and Swing Line Lender


 


and


 


The Other Lenders Party Hereto


 









 









BNP PARIBAS SECURITIES
CORP., 


BOFA SECURITIES, INC.,


CITIBANK, N.A.,


JPMORGAN CHASE BANK, N.A.,


and


MUFG BANK, LTD.,


as Joint Lead Arrangers and
Joint Book Managers


 









 









CITIBANK, N.A.,


as Syndication Agent and Swing
Line Lender


 









 









BANK OF AMERICA, N.A.,


as Syndication Agent and Swing
Line Lender


 









 









JPMORGAN CHASE BANK, N.A.,


as Syndication Agent and Swing
Line Lender


 









 









MUFG BANK, LTD.,


as Syndication Agent


 









 



 




     



     


    

TABLE OF CONTENTS


 


Page


 


	ARTICLE I DEFINITIONS 	1
	 	Section 1.1 Definitions	1
	 	Section 1.2 Other Interpretive Provisions	30
	 	Section 1.3 Accounting Terms	31
	 	Section 1.4 References to Agreements and Laws	31
	 	Section 1.5 Exchange Rates; Currency Equivalents	31
	 	Section 1.6 [Reserved]	31
	 	Section 1.7 Change of Currency	31
	 	Section 1.8 Times of Day	32
	 	Section 1.9 Syndicated Facility Agreement	32
	 	Section 1.10 Interest Rates; Benchmark Notification	32
	ARTICLE II THE CREDITS	33
	 	Section 2.1 Committed Loans	33
	 	Section 2.2 Borrowings, Conversions and Continuations of Committed Loans	34
	 	Section 2.3 [Reserved]	37
	 	Section 2.4 Prepayments	37
	 	Section 2.5 Termination or Reduction of Commitments	38
	 	Section 2.6 Repayment of Loans	40
	 	Section 2.7 Interest	40
	 	Section 2.8 Fees	41
	 	Section 2.9 Computation of Interest and Fees	42
	 	Section 2.10 Evidence of Debt	42
	 	Section 2.11 Payments Generally	42



 



     



     


    

 





	 	Section 2.12 Sharing of Payments	45
	 	Section 2.13 Renewal of Revolving Maturity Date; Conversion to Term Loans	46
	 	Section 2.14 Increase in Commitments	47
	 	Section 2.15 [Reserved]	48
	 	Section 2.16 Swing Line Loans	48
	 	Section 2.17 Defaulting Lenders	52
	ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY	54
	 	Section 3.1 Taxes	54
	 	Section 3.2 Illegality	57
	 	Section 3.3 Inability to Determine Rates	58
	 	Section
    3.4 Increased Cost and Reduced Return; Capital Adequacy; Reserves on Term Rate Loans	60
	 	Section 3.5 Funding Losses	61
	 	Section 3.6 Matters Applicable to all Requests for Compensation	62
	 	Section 3.7 Public Offer	63
	 	Section 3.8 Reference Rate Replacement	64
	ARTICLE IV CONDITIONS	67
	 	Section 4.1 Effectiveness	67
	 	Section 4.2 Conditions to all Loans	69
	ARTICLE V REPRESENTATIONS AND WARRANTIES	70
	 	Section 5.1 Corporate Existence and Power	70
	 	Section 5.2 Corporate and Governmental Authorization: No Contravention	70
	 	Section 5.3 Binding Effect	70
	 	Section 5.4 Financial Statements	70
	 	Section 5.5 Litigation	71
	 	Section 5.6 Taxes	71



 



     



     


    
 


	 	Section 5.7 Not an Investment Company	71
	 	Section 5.8 Disclosure	71
	 	Section 5.9 Representations as to Non-US Obligors	71
	 	Section 5.10 Representations as to TCPR	72
	 	Section 5.11 Sanctions	72
	 	Section 5.12 Compliance Policies	73
	 	Section 5.13 Business Locations	73
	ARTICLE VI COVENANTS 	73
	 	Section 6.1 Information	73
	 	Section 6.2 [Reserved]	75
	 	Section 6.3 Preservation and Maintenance of Corporate Existence	75
	 	Section 6.4 Compliance with Laws	76
	 	Section 6.5 Negative Pledge	76
	 	Section 6.6 Consolidations	78
	 	Section 6.7 Use of Proceeds	79
	ARTICLE VII DEFAULTS	80
	 	Section 7.1 Events of Default	80
	 	Section 7.2 Application of Funds	82
	ARTICLE VIII THE ADMINISTRATIVE AGENT 	82
	 	Section 8.1 Appointment and Authorization of Administrative Agent	82
	 	Section 8.2 Delegation of Duties	83
	 	Section 8.3 Liability of Administrative Agent	83
	 	Section 8.4 Reliance by Administrative Agent	83
	 	Section 8.5 Notice of Default	84
	 	Section 8.6 Credit Decision; Disclosure of Information by Administrative Agent	84



 



     



     


    




 


	 	Section 8.7 Indemnification of Administrative Agent	85
	 	Section 8.8 Administrative Agent in its Individual Capacity	85
	 	Section 8.9 Successor Administrative Agent and Sub-Agents	85
	 	Section 8.10 Administrative Agent May File Proofs of Claim	87
	 	Section 8.11 Other Agents, Arrangers and Managers	87
	 	Section 8.12 Erroneous Payments	88
	ARTICLE IX MISCELLANEOUS 	88
	 	Section 9.1 Amendments, Etc	88
	 	Section 9.2 Notices and Other Communications; Facsimile Copies	89
	 	Section 9.3 No Waiver; Cumulative Remedies	92
	 	Section 9.4 Attorney Costs, Expenses and Taxes	92
	 	Section 9.5 Indemnification by the Borrowers	93
	 	Section 9.6 Payments Set Aside	94
	 	Section 9.7 Successors and Assigns	94
	 	Section 9.8 Confidentiality	99
	 	Section 9.9 Set-off	99
	 	Section 9.10 Interest Rate Limitation	100
	 	Section 9.11 Counterparts; Electronic Execution	100
	 	Section 9.12 Integration	100
	 	Section 9.13 Survival of Representations and Warranties	101
	 	Section 9.14 Severability	101
	 	Section 9.15 Tax Forms	101
	 	Section 9.16 Australian GST	105
	 	Section 9.17 Replacement of Lenders	105
	 	Section 9.18 Governing Law	106



 



     



     


    




 


	 	Section 9.19 No Advisory or Fiduciary Responsibility	107
	 	Section 9.20 PATRIOT Act Notice	108
	 	Section 9.21 Judgment	108
	 	Section 9.22 Acknowledgement and Consent to Bail-In of Certain Financial Institutions	108
	 	Section 9.23 Stay Provisions	109
	 	Section 9.24 Waiver of Right to Trial by Jury	110


 


	Schedules	 
	 	 
	Schedule 2.1	Commitments and Pro Rata Shares
	Schedule 9.2	Administrative Agent’s Office, Certain Addresses for Notices
	 	 
	 	 
	Exhibits	 
	 	 
	Exhibit A-1	Form of Committed Loan Notice
	Exhibit A-2	Form of Swing Line Loan Notice
	Exhibit B	Form of Note
	Exhibit C	[Reserved]
	Exhibit D	Form of Assignment and Assumption




     



     


    

364 DAY CREDIT AGREEMENT


 


THIS 364
DAY CREDIT AGREEMENT (this “Agreement”) dated as of November 18, 2022 is made among TOYOTA MOTOR CREDIT
CORPORATION, a California corporation (“TMCC”), TOYOTA MOTOR FINANCE (NETHERLANDS) B.V., a corporation organized
under the laws of the Netherlands (“TMFNL”), TOYOTA FINANCIAL SERVICES (UK) PLC, a corporation organized under
the laws of England (“TFSUK”), TOYOTA CREDIT DE PUERTO RICO CORP., a corporation organized under the laws of the
Commonwealth of Puerto Rico (“TCPR”), TOYOTA CREDIT CANADA INC., a corporation incorporated under the laws of
Canada (“TCCI”), TOYOTA KREDITBANK GMBH, a corporation organized under the laws of Germany
(“TKG”), TOYOTA FINANCE AUSTRALIA LIMITED, ABN 48 002 435 181, a corporation incorporated under the laws of the
Commonwealth of Australia (“TFA” and, together with TMCC, TMFNL, TFSUK, TCPR, TCCI and TKG, the
“Borrowers”), each lender from time to time party hereto (collectively, the “Lenders” and,
individually, a “Lender”), BNP PARIBAS, as Administrative Agent, Swing Line Agent and Swing Line Lender, BNP
PARIBAS SECURITIES CORP. (“BNPP Securities”), BOFA SECURITIES, INC. (“BofA Securities”),
CITIBANK, N.A. (“Citibank”), JPMORGAN CHASE BANK, N.A. (“JPMorgan”), and MUFG BANK, LTD.
(“MUFG”), as Joint Lead Arrangers and Joint Book Managers, Citibank, BANK OF AMERICA, N.A.
(“BofA”) and JPMorgan, as Swing Line Lenders, and Citibank, BofA, JPMorgan and MUFG, as Syndication Agents.


 


WHEREAS, the
Borrowers have requested that the Lenders provide a revolving credit facility that may be converted to a term facility, and the Lenders
are willing to do so on the terms and conditions set forth herein.


 


NOW, THEREFORE, in consideration
of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:


 


ARTICLE I


 


DEFINITIONS


 


Section 1.1
Definitions. The following terms, as used herein, have the following meanings:


 


“Administrative
Agent” means BNP Paribas, in its capacity as Administrative Agent for the Lenders hereunder, and its successors in such capacity
and, as the context requires, includes the Australian Sub-Agent.


 


“Administrative
Agent’s Office” means, with respect to any currency, the Administrative Agent’s address and, as appropriate, account
as set forth on Schedule 9.2 with respect to such currency, or such other address or account with respect to such currency as the
Administrative Agent may from time to time notify to the Borrowers and the Lenders.


 




     
Toyota - 364 Day Credit Agreement


     


    

“Administrative
Questionnaire” means, with respect to each Lender, an administrative questionnaire in the form prepared by the Administrative
Agent and submitted to the Administrative Agent (with a copy to the Borrowers) duly completed by such Lender.


 


“Affected
Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.


 


“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.


 


“Agent-Related
Persons” means the Administrative Agent, together with its Affiliates (including, in the case of BNP Paribas in its capacity
as the Administrative Agent and a Swing Line Agent, BNPP Securities as an Arranger, BNP Paribas London in its capacity as a Swing Line
Agent, BNP Paribas, acting through its Singapore Branch in its capacity as Australian Sub-Agent and a Swing Line Agent), and the officers,
directors, employees, agents and attorneys-in- fact of such Persons and Affiliates.


 


“Aggregate
Commitments” means (i) the Commitments of all the Lenders, (ii) when used in relation to the Tranche A Borrowers, the Aggregate
Tranche A Commitments, (iii) when used in relation to TCCI, the Aggregate Tranche B Commitments and (iv) when used in relation to the
Tranche C Borrower, the Aggregate Tranche C Commitments.


 


“Aggregate
Tranche A Commitments” means the Tranche A Commitments of all the Tranche A Lenders.


 


“Aggregate
Tranche B Commitments” means the Tranche B Commitments of all the Tranche B Lenders; provided that in no event shall
the Aggregate Tranche B Commitments exceed US$866,800,000.


 


“Aggregate
Tranche C Commitments” means the Tranche C Commitments of all the Tranche C Lenders; provided that in no event shall
the Aggregate Tranche C Commitments exceed US$666,800,000.


 


“Agreement” means this Credit Agreement.


 


“Alternative Currency” means each of Euro,
Sterling and Canadian Dollars.


 


“Alternative
Currency Equivalent” means, at any time, with respect to any amount denominated in US Dollars, the equivalent amount thereof
in the applicable Alternative Currency as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined
in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with US Dollars.


 




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Toyota - 364 Day Credit Agreement


     


    

“Anti-Corruption
Laws” means all laws, rules, and regulations of any jurisdiction applicable to any Borrower or its Subsidiaries from time to
time concerning or relating to bribery or corruption.


 


“Applicable
Agent” means, with respect to all Tranche A Loans the Administrative Agent, with respect to all Tranche B Loans, the Administrative
Agent and with respect to all Tranche C Loans, the Australian Sub-Agent.


 


“Applicable Percentage” means 0.020% per
annum.


 


“Applicable
Rate” means (i) for Term Rate Loans, SONIA Loans, Swing Line Loans denominated in currencies other than Canadian Dollars, and
Tranche C Loans, as of any day, a percentage per annum equal to 0.830% and (ii) for Base Rate Loans, Canadian Prime Rate Loans and Swing
Line Loans denominated in Canadian Dollars, a rate per annum equal to 0.00%.


 


“Applicable
Time” means, with respect to any borrowings and payments in any Alternative Currency or Australian Dollars, the local time in
the place of settlement for such currency as may be determined by the Administrative Agent to be necessary for timely settlement on the
relevant date in accordance with normal banking procedures in the place of payment.


 


“Applicable
Tranche Lenders” means (i) with respect to the Tranche A Commitments or the Tranche A Borrowers, the Tranche A Lenders, (ii)
with respect to the Tranche B Commitments or TCCI, the Tranche B Lenders and (iii) with respect to the Tranche C Commitments or the Tranche
C Borrower, the Tranche C Lenders.


 


“Arranger”
means any of BNPP Securities, BofA Securities, Citibank, JPMorgan or MUFG, in its capacity as a joint lead arranger and a joint book manager.


 


“Assignment
and Assumption” means an Assignment and Assumption substantially in the form of Exhibit D.


 


“Attorney
Costs” means and includes, with respect to the Administrative Agent, all reasonable fees, expenses and disbursements of any
law firm or other external counsel and, with respect to any Lender, without duplication, the reasonable allocated cost of internal legal
services and all expenses and disbursements of internal counsel.


 


“Audited
Financial Statements” means (i) for TMFNL, the audited statement of financial position of TMFNL as at, or for the fiscal year
ended, March 31, 2022 (or such later date for which audited financial statements are delivered pursuant to this Agreement) and the related
audited statement of comprehensive income, statement of changes in equity and statement of cash flows for such fiscal year, including
the notes thereto, (ii) for TCCI, the audited statement of financial position of TCCI as at, or for the fiscal year ended March 31, 2022
(or such later date for which audited financial statements are delivered pursuant to this Agreement) and the related audited statement
of income and comprehensive income, statement of changes in equity and statement of cash flows for such fiscal year, including the notes
thereto, (iii) for TCPR, the


 




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audited balance sheet of TCPR
for the fiscal year ended March 31, 2022 (or such later date for which audited financial statements are delivered pursuant to this Agreement)
and the related consolidated statement of income or operations, shareholders’ equity and cash flows from such fiscal year, including
the notes thereto, (iv) for TMCC, the audited consolidated balance sheet of TMCC and its Subsidiaries for the fiscal year ended March
31, 2022 (or such later date for which audited financial statements are delivered pursuant to this Agreement) and the related consolidated
statement of income or operations, shareholders’ equity and cash flows for such fiscal year of TMCC and its Subsidiaries, including
the notes thereto, (v) for TFSUK and its Subsidiaries, the audited statements of financial position of TFSUK and its Subsidiaries and
of TFSUK, in each case, as at, or for the fiscal year ended, March 31, 2022 (or such later date for which audited financial statements
are delivered pursuant to this Agreement), the audited consolidated income statement, the audited consolidated and company statements
of comprehensive income, the audited consolidated and company statements of changes in equity and the audited consolidated and company
statements of cash flows for such financial year of TFSUK and its Subsidiaries, including the notes thereto, (vi) for TKG, the audited
balance sheet, management report and auditor’s approval (Jahresabschluss, Lagebericht und Bestätigungsvermerk) of TKG
for the fiscal year ended March 31, 2022 (or such later date for which such audited balance sheet, management report and auditor’s
approval are delivered pursuant to this Agreement) and the related statement of income or operations and shareholders’ equity for
such fiscal year, including the notes thereto (presented in each case on a consolidated basis for TKG) and (vii) for TFA and its Subsidiaries,
the audited annual financial statements of TFA for the fiscal year ended March 31, 2022 (or such later date for which audited financial
statements are delivered pursuant to this Agreement) (including a statement of comprehensive income, a statement of financial position,
a statement of changes in equity and a statement of cash flows for such fiscal year, and the notes thereto) (presented in each case on
a consolidated basis for TFA).


 


“Australian
Business Day” means a day of the year on which banks are not required or authorized by law to close in Sydney, Australia, Singapore
or New York, New York.


 


“Australian Corporations
Act” means the Corporations Act 2001 of Australia.


 


“Australian Dollars” and “A$” each
means the lawful money of Australia.


 


“Australian
Reference Bank” means BNP Paribas, Australia Branch, Citibank and MUFG; provided if any of such banks ceases to be a
Tranche C Lender, such bank shall also cease to be an Australian Reference Bank, and a successor Australian Reference Bank shall be chosen
by the Australian Sub-Agent from the Tranche C Lenders and identified as such by notice from the Australian Sub-Agent to the Tranche C
Borrower and the Tranche C Lenders, provided that such designated Tranche C Lender (i) has been approved by the Tranche C Borrower
to perform such role (such approval not to be unreasonably withheld) and (ii) has agreed to perform such role.


 


“Australian Sub-Agent”
means BNP Paribas, acting through its Singapore Branch.


 




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“Australian
Sub-Agent’s Office” means the applicable Australian Sub-Agent’s address and, as appropriate, account as set forth
on Schedule 9.2, or such other address or account as such Australian Sub-Agent may from time to time notify to the Tranche C Borrower
and the Tranche C Lenders.


 


“Australian
Swing Line Sublimit” means an amount equal to the least of (a) US$333,400,000, (b) the aggregate Swing Line Commitments of the
Swing Line Lenders in respect of Australian Dollars and (c) the Aggregate Commitments. The Australian Swing Line Sublimit is part of,
and not in addition to, the Swing Line Sublimit.


 


“Australian
Tax Act” means the Income Tax Assessment Act 1936 of Australia and associated regulations and, where applicable, any replacement
legislation including, but not limited to, the Income Tax Assessment Act 1997 of Australia.


 


“Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any
liability of an Affected Financial Institution.


 


“Bail-In
Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European
Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country
from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the
United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom
relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than
through liquidation, administration or other insolvency proceedings).


 


“Bank
Bill Rate” means, for an Interest Period for each advance comprising part of the same Borrowing, an interest rate per annum
equal to (a) the rate percent per annum determined by the Australian Sub-Agent being the average bid rate for Bills (rounded up to 4 decimal
places) quoted on page “BBSY” (or any page that replaces that page) on the Reuters Monitor System at or about 10:30 a.m. (Sydney
time) on the first day of such Interest Period for a period equal to, or most closely approximating, such Interest Period; or (b) if the
Bank Bill Rate cannot be determined in accordance with clause (a) of this definition, the rate percent per annum determined by the Australian
Sub-Agent as the average of the rates quoted to the Australian Sub-Agent by each Australian Reference Bank for the purchase of Bills
accepted by such Australian Reference Bank which have a tenor equal to such Interest Period and a face value equal to the amount of the
applicable advance (it being understood that the Australian Sub-Agent shall not be required to disclose to any party hereto any information
regarding any Australian Reference Bank or any rate provided by such Australian Reference Bank in accordance with this definition, including,
without limitation, whether an Australian Reference Bank has provided a rate or the rate provided by any individual Australian Reference
Bank, and shall not make any such determination of the Bank Bill Rate if fewer than two Australian Reference Banks provide quotes as provided
in this clause (b)); provided that, if the Bank Bill Rate would otherwise be less than zero, such Bank Bill Rate shall instead
be deemed for all purposes of this Agreement to be zero.


 




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Toyota - 364 Day Credit Agreement


     


    

“Base
Rate” means, (a) in respect of Tranche A, for any day, a fluctuating rate per annum equal to the highest of (i) the Federal
Funds Rate plus 1⁄2 of 1%, (ii) Term SOFR for an assumed Interest Period of one month plus 1⁄2 of 1% and (iii) the rate
of interest in effect for such day as publicly announced from time to time by BNP Paribas in the United States as its “prime rate”;
provided that, if the Base Rate would otherwise be less than zero, the Base Rate shall instead be deemed for all purposes of this
Agreement to be zero. The “prime rate” is a rate set by BNP Paribas based upon various factors including BNP Paribas’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 (b) in respect of Tranche B, for any day, the fluctuating rate per annum equal
to the highest of the rates determined in accordance with clause (a)(i), clause (a)(ii), and the rate of interest in effect for such day
as publicly announced from time to time by BNP Paribas in Canada as its “prime rate” for US Dollars. Any change in such rate
announced by BNP Paribas shall take effect at the opening of business on the day specified in the public announcement of such change.


 


“Base Rate Committed Loan” means a Committed
Loan that is a Base Rate Loan.


 


“Base Rate Loan”
means a Loan denominated in US Dollars that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in US Dollars.


 


“Benchmark” has the meaning specified in
Section 3.8.


 


“Benchmark Replacement” has the meaning
specified in Section 3.8.


 


“Benchmark Transition Event” has the meaning specified in Section 3.8.


 


“BeneficialOwnershipCertification”meansacertificationregardingbeneficial
ownership as required by the Beneficial Ownership Regulation.


 


“Beneficial Ownership Regulation” means
31 C.F.R. § 1010.230.


 


“Bill” means a bill
of exchange as defined in the Bills of Exchange Act 1909 of Australia.


 


“Borrower”
means any of TMCC, TMFNL, TFSUK, TCPR, TCCI, TKG or TFA, in its capacity as a borrower under the Tranche A Facility, the Tranche B Facility
or the Tranche C Facility, as applicable.


 


“Borrower Materials”
has the meaning specified in Section 6.1.


 


“Borrowers’ Representative” has the meaning specified in Section
9.2(e).


 


“Borrowing”
means a Committed Borrowing or a Swing Line Borrowing, as the context may require.


 


“Business
Day” means (i) any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the
Laws of, or are in fact closed in, any of the


 




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following: the state where the
Administrative Agent’s Office is located, Texas, New York, Chicago and San Juan, Puerto Rico; (ii) if such day relates to any interest
rate settings as to a Term Rate Loan or Swing Line Loan denominated in Euro, a TARGET2 Day; (iii) if such day relates to any interest
rate settings as to a SONIA Loan or Swing Line Loan denominated in Sterling, a SONIA Business Day; (iv) if such day relates to any Tranche
B Loan, a Canadian Business Day; and (v) if such day relates to any Tranche C Loan or Swing Line Loan made in Australian Dollars, an Australian
Business Day.


 


“Canadian
Business Day” means a day of the year on which banks are not required or authorized by law to close in Toronto, Ontario or in
Montreal, Quebec, Canada or New York, New York.


 


“Canadian Dollars” and “CDN$”
each means the lawful money of Canada.


 


“Canadian
Prime Rate” means, on any day, a fluctuating rate of interest per annum equal to the average of the rates of interest per annum
most recently announced by each Canadian Reference Bank as its reference rate of interest for loans made in Canadian Dollars to Canadian
customers and designated as such Canadian Reference Bank’s “prime rate” (a Canadian Reference Bank’s “prime
rate” being a rate set by such Canadian Reference Bank based upon various factors, including such Canadian Reference Bank’s
costs and desired returns and general economic conditions, and is used as a reference point for pricing some loans, which may be priced
at, above or below such announced rate). Any change in such 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. Each interest rate based upon the Canadian Prime Rate shall
be adjusted simultaneously with any change in the Canadian Prime Rate; provided that, if the Canadian Prime Rate would otherwise
be less than zero, such Canadian Prime Rate shall instead be deemed for all purposes of this Agreement to be zero.


 


“Canadian Prime
Rate Loan” means a Tranche B Loan denominated in Canadian Dollars that bears interest based on the Canadian Prime Rate.


 


“Canadian
Reference Banks” means BNP Paribas, acting through its Canada Branch, Citibank, N.A., Canadian Branch and The Toronto Dominion
Bank.


 


“CDOR” has the meaning specified in the
definition of “Term Rate”.


 


“Closing
Date” means the first date all the conditions precedent in Section 4.1 are satisfied or waived in accordance with Section
4.1 (or, in the case of Section 4.1(b), waived by the Person entitled to receive the applicable payment).


 


“Code” means
the Internal Revenue Code of 1986, as amended and any successor statute.


 


“Commitment”
means, as to each Lender, its Tranche A Commitment, its Tranche B Commitment or its Tranche C Commitment, as applicable.


 


“Commitment
Cap” means, as to each Lender, the amount set opposite its name on Schedule 2.1 as such Lender’s “Commitment
Cap” or in the Assignment and Assumption


 




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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.


 


“Committed
Borrowing” means a borrowing consisting of simultaneous Committed Loans of the same Type and Tranche and, in the case of Term
Rate Loans or Tranche C Loans, having the same Interest Period, made by each of the appropriate Lenders pursuant to Section 2.1.


 


“Committed
Loan” means a Committed Tranche A Loan, a Committed Tranche B Loan or a Committed Tranche C Loan, or any of the foregoing, as
the context requires.


 


“Committed
Loan Notice” means a notice of (a) a Committed Borrowing, (b) a conversion of Committed Loans from one Type to the other or
(c) a continuation of Term Rate Loans, pursuant to Section 2.2(a), which, if in writing, shall be substantially in the form of
Exhibit A-1. A Committed Loan Notice for a Term Rate Loan or Tranche C Loan with an Interest Period extending beyond the Revolving
Maturity Date may only be delivered concurrently with (or, in the case of (b) or (c) above, concurrently with or subsequently to) a notice
of election by such Borrower to extend the Maturity Date applicable to such Borrower to the Term Maturity Date pursuant to Section
2.13(c).


 


“Committed
Tranche A Loan” means a loan made by a Tranche A Lender pursuant to Section 2.1(a).


 


“Committed
Tranche B Loan” means a loan made by a Tranche B Lender pursuant to Section 2.1(b).


 


“Committed
Tranche C Loan” means a loan made by a Tranche C Lender pursuant to Section 2.1(c).


 


“Conforming
Changes” means, with respect to either the use or administration of Term SOFR, Daily Simple SONIA, SONIA or the use, administration,
adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the
definition of “Base Rate,” the definition of “Business Day,” the definition of “SONIA Business Day,”
the definition of “U.S. Government Securities Business Day,” the definition of “Interest Period” or any similar
or analogous definition (or the addition of a concept of “interest period”), timing and frequency of determining rates and
making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length
of lookback periods, the applicability of breakage provisions and other technical, administrative or operational matters) that the Administrative
Agent decides may be appropriate to reflect the adoption and implementation of any such rate or to permit the use and administration thereof
by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption
of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice
for the administration of any such rate exists, in such other manner of administration as the Administrative Agent decides is reasonably
necessary in connection with the administration of this Agreement and the other Loan Documents).


 




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“Consenting Lenders”
has the meaning specified in Section 2.13(b).


 


“Consolidated
Subsidiary” means, with respect to any Person, at any date any Subsidiary or other entity the accounts of which would be consolidated
with those of such Person in its consolidated financial statements if such statements were prepared as of such date.


 


“Control” has
the meaning specified in the definition of “Affiliate.”


 


“Credit Party” has the meaning specified in Section
8.12.


 


“Daily
Simple SOFR” means, for any day (a “SOFR Rate Day”), a rate per annum equal to the greater of (a) SOFR for
the day (such day “SOFR Determination Date”) that is five U.S. Government Securities Business Days prior to (i) if
such SOFR Rate Day is a U.S. Government Securities Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government
Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR
is published by the SOFR Administrator on the SOFR Administrator’s Website, and (b) zero%. If by 4:00 p.m. (Central time) on the
second U.S. Government Securities Business Day immediately following any SOFR Determination Date, the SOFR in respect of such SOFR Determination
Date has not been published on the SOFR Administrator’s Website and a Benchmark Transition Event with respect to the Daily Simple
SOFR has not occurred, then the SOFR for such SOFR Determination Date will be the SOFR as published in respect of the first preceding
U.S. Government Securities Business Day for which such SOFR was published on the SOFR Administrator’s Website; provided that
any SOFR determined pursuant to this sentence shall be utilized for purposes of calculation of Daily Simple SOFR for no more than three
consecutive SOFR Rate Days. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective
date of such change in SOFR without notice to the Borrowers.


 


“Daily
Simple SONIA” means, for any day (a “SONIA Interest Day”), a rate per annum equal to the greater of (a) SONIA
for the day that is five SONIA Business Days prior to (A) if such SONIA Interest Day is a SONIA Business Day, such SONIA Interest Day
or (B) if such SONIA Interest Day is not a SONIA Business Day, the SONIA Business Day immediately preceding such SONIA Interest Day and
(b) zero.


 


“Debtor
Relief Law” 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 condition or event which constitutes an Event of Default or which with the giving of notice or lapse of time or both would,
unless cured or waived, become an Event of Default.


 




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“Default
Excess” means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s ratable portion
of the aggregate outstanding principal amount of the Loans of all Lenders (calculated as if all Defaulting Lenders had funded all of their
respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans actually funded by such Defaulting Lender.


 


“Default
Period” means, with respect to any Defaulting Lender, the period commencing on the date of the applicable Defaulted Loan and
ending on the earlier of the following dates: (i) the date on which (a) the Default Excess with respect to such Defaulting Lender has
been reduced to zero (whether by the funding of any Defaulted Loan by such Defaulting Lender or by the non-pro-rata application of any
prepayment pursuant to Section 2.17) and (b) such Defaulting Lender shall have delivered to TMCC, the applicable Borrower and the
Administrative Agent a written reaffirmation of its intention to honor its obligations hereunder with respect to its Commitments; and
(ii) the date on which TMCC, the applicable Borrower, the Administrative Agent and the Required Lenders waive in writing all defaults
relating to the failure of such Defaulting Lender to fund.


 


“Default
Rate”, with respect to any Loan, means an interest rate equal to the interest rate (including the Applicable Rate) otherwise
applicable to such Loan plus 2% per annum, to the fullest extent permitted by applicable Laws.


 


“Defaulted
Loan” means any Loan that a Defaulting Lender has failed to make.


 


“Defaulting Lender” means, subject to Section
2.17(c), any Lender that (a) has failed to fund any portion of the Committed Loans (unless such Lender notifies the
Administrative Agent and the applicable Borrower in writing that such position is based on such Lender’s good faith
determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not
been satisfied) or participations in Swing Line Loans required to be funded by it hereunder within two Business Days 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 two Business Days of the date when due, and such failure is continuing,
unless the subject of a good faith dispute, (c) has notified any Borrower or the Administrative Agent in writing, or has made a
public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement
(unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that
a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement
cannot be satisfied) or generally under other agreements in which it commits to extend credit, (d) has failed, within three Business
Days after written request by the Administrative Agent or any Borrower, acting in good faith, to provide a certification in writing
from an authorized officer of such Lender that it will comply with its obligations to fund prospective Committed Loans and
participations in Swing Line Loans required to be funded by it hereunder, provided that such Lender shall cease to be a
Defaulting Lender pursuant to this clause (d) upon receipt of such certification in form and substance reasonably satisfactory to
the Administrative Agent and such Borrower, or (e) is or becomes (or whose parent company is or becomes) (i) the subject of a
bankruptcy, insolvency, receivership or conservatorship proceeding or (ii) the subject of a Bail-


 




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In Action; provided, however,
that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any ownership interest in such Lender
or parent company thereof or the exercise of control over a Lender or parent company thereof by a governmental authority or instrumentality
thereof so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within
the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such governmental
authority) to reject, repudiate, disavow or disaffirm any contracts or arrangements made with such Lender. Any determination by the Administrative
Agent that a Lender is a Defaulting Lender under any one or more clauses (a) through (e) above shall be conclusive and binding absent
manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(c)) upon delivery of written
notice of such determination to the Borrowers, each Swing Line Lender and each Lender.


 


“Designated
Person” means a person or entity named as a “Specially Designated National and Blocked Person” on the most current
list published by OFAC at its official website, or any replacement website or a person or entity similarly named on any Sanctions-related
list officially published by the Australian Federal Government, the United Nations Security Council, the European Union, the Federal Republic
of Germany or the United Kingdom, or in each case on any replacement official publication of such list.


 


“Dollar
Equivalent” means, at any time, (a) with respect to any amount denominated in US Dollars, such amount, and (b) with respect
to any amount denominated in any Alternative Currency or Australian Dollars, the equivalent amount thereof in US Dollars as determined
by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for
the purchase of US Dollars with such currency.


 


“DTTP
Filing” means an HM Revenue & Customs’ Form DTTP2 duly completed and filed by TFSUK, which (i) where it relates to
a UK Treaty Lender or US LLC Lender which becomes party hereto on the date hereof, contains the scheme reference number and jurisdiction
of tax residence stated opposite that Lender’s name in Schedule 2.1, and is filed with HM Revenue & Customs within 30
days of the date of this Agreement; or (ii) where it relates to a UK Treaty Lender or US LLC Lender that is an Eligible Assignee and becomes
a party hereto after the date hereof, contains the scheme reference number and jurisdiction of tax residence stated in respect of that
Lender in the relevant Assignment and Assumption, and is filed with HM Revenue & Customs within 30 days of the date of that Assignment
and Assumption.


 


“EEA
Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject
to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution
described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary
of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.


 


“EEA
Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.


 




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“EEA
Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority
of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.


 


“Eligible Assignee” has the meaning
specified in Section 9.7(i).


 


“EMU
Legislation” means the legislative measures of the European Council for the introduction of, changeover to or operation of a
single or unified European currency.


 


“Environmental
Laws” means any and all Laws relating to the environment, the effect of the environment on human health or to emissions, discharges
or releases of pollutants, contaminants, hazardous substances or wastes into the environment including, without limitation, ambient air,
surface water, ground water, or land, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal,
transport or handling of pollutants, contaminants, hazardous substances or wastes or the clean-up or other remediation thereof.


 


“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute.


 


“ERISA
Group” means any Borrower organized under the laws of the United States or any State thereof, the District of Columbia or Puerto
Rico, any Subsidiary of such Borrower and all members of a controlled group of corporations and all trades or businesses (whether or not
incorporated) under common control which, together with such Borrower, or any such Subsidiary, are treated as a single employer under
Section 414 of the Code.


 


“€STR”
means the Euro Short Term Rate as administered by the European Central Bank (or any other Person which takes over the administration
of that rate, the “€STR Administrator”) displayed on the €STR Administrator’s website, currently at
http://www.ecb.europa.eu, or any successor source for €STR identified as such by the €STR Administrator from time to time on
the Business Day preceding the date of determination; provided, that if €STR would otherwise be less than zero, €STR
shall instead be deemed for all purposes of this Agreement to be zero. If on any day €STR has not been published on the €STR
Administrator’s website, then €STR for such day will be €STR as published in respect of the first preceding Business
Day for which €STR was published on the €STR Administrator’s website.


 


“EU
Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor
Person), as in effect from time to time.


 


“EURIBOR” has the meaning specified in
the definition of “Term Rate”.


 


“Euro”
and “EUR” mean the lawful currency of the Participating Member States introduced in accordance with the EMU Legislation.


 


“Event of Default” has the meaning set
forth in Section 7.1.


 


“Exempt
Lender” means a Tranche A Lender that is any of the following: (i) a Lender organized under the Laws of Puerto Rico, (ii) a
Lender organized under the Laws of a


 




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jurisdiction other than Puerto Rico
that is engaged in the conduct of a trade or business in Puerto Rico, or (iii) a Lender organized under the Laws of a jurisdiction other
than Puerto Rico that is not engaged in the conduct of a trade or business in Puerto Rico and that is not a “related person”
to TCPR, as such term is defined in Sections 1062.11(a)(4) and 1092.01(a)(3) of the Puerto Rico Code.


 


“Existing
Credit Facilities” means (a) the 364-Day Credit Agreement dated as of November 5, 2021 among TMCC, TMFNL, TFSUK, TCPR, TCCI,
TKG and TFA, the financial institutions from time to time party thereto as lenders and BNP Paribas, as administrative agent, and (b) the
Three Year Credit Agreement and the Five Year Credit Agreement, each dated as of November 5, 2021 and among TMCC, TMFNL, TFSUK, TCPR,
TCCI, TKG and TFA, the financial institutions from time to time party thereto as lenders and BNP Paribas, as administrative agent.


 


“FATCA”
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any
agreements entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreements with respect thereto and any treaty,
law, regulation or other official guidance enacted in any other jurisdiction, or relating to an intergovernmental agreement between the
U.S. and any other jurisdiction, which (in either case) facilitates the implementation of the foregoing.


 


“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 System, 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 BNP Paribas on such day on such transactions as determined by the Administrative Agent.


 


“Fee
Letters” means the fee letters, if any, among TMCC, the Administrative Agent and any Arranger, entered into in connection with
this Agreement.


 


“FEMA” has the meaning set forth in Section
5.11.


 


“Foreign Lender” has the meaning set forth
in Section 9.15(a)(i).


 


“FRB” means the Board of Governors of the
Federal Reserve System of the United


 


States.


 


“GAAP” means, (i) in the case of TMCC
and TCPR, generally accepted accounting principles in the United States of America set forth in the opinions and pronouncements of
the Statements and Interpretations of the Financial Accounting Standards Board, FASB Staff Positions,


 




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Accounting Research Bulletins
and Accounting Principles Board Opinions of the American Institute of Certified Public Accountants or agencies with similar functions
of comparable stature and authority within the U.S. accounting profession, which are applicable to the circumstances as of the date of
determination, including the FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles, (ii)
in the case of TCCI, International Financial Reporting Standards as issued by the International Accounting Standards Board, (iii) in the
case of TMFNL, International Financial Reporting Standards and interpretations issued by the International Financial Reporting Interpretations
Committee, as adopted by the European Union and also in accordance with the statutory provisions of Part 9, Book 2 of the Netherlands
Civil Code, (iv) in the case of TFSUK, United Kingdom-adopted international accounting standards and the requirements of the United Kingdom
Companies Act 2006, (v) in the case of TFA, the Australian Accounting Standards and Interpretations issued by the Australian Accounting
Standards Board and the Australian Corporations Act 2001; and (vi) in the case of any other Borrower to which United States generally
accepted accounting principles are not applicable, accounting principles generally accepted in the country in which such Borrower is organized,
as adopted, recommended or declared by the applicable accounting board or similar entity regularly determining such matters in such country,
consistently applied.


 


“Governmental
Authority” means any nation or government, any state, provincial or other political subdivision thereof, any agency, authority,
instrumentality, regulatory body, central bank, intergovernmental or supranational body or other entity exercising executive, legislative,
taxing, regulatory or administrative powers or functions of or pertaining to government.


 


“Indemnified Liabilities”
has the meaning set forth in Section 9.5.


 


“Indemnitees” has the meaning set forth in Section 9.5.


 


“Interest
Payment Date” means, (a) as to any Term Rate Loan or Tranche C Loan, the last day of each Interest Period applicable to such
Loan and the Maturity Date; provided, however, that if any Interest Period for a Term Rate Loan or Tranche C 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; (b)
as to any Base Rate Committed Loan, any Canadian Prime Rate Loan or any Swing Line Loan, the last Business Day of each March, June, September
and December, the Revolving Maturity Date of such Loan, and, if later than the Revolving Maturity Date, the Maturity Date applicable to
the Borrower of such Loan; and (c) as to any SONIA Loan, each date that is on the numerically corresponding day in each calendar month
that is one month after the Borrowing of such Loan (provided that (i) if any such date would be a day other than a Business Day, such
date shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month,
in which case such date shall be the next preceding Business Day, (ii) the Interest Payment Date with respect to any Borrowing that occurs
on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in any applicable calendar
month) shall be the last Business Day of any such succeeding applicable calendar month, and (iii) the date of a Borrowing of any SONIA
Loan initially shall be the date on which such Loan is made and thereafter shall be the effective date of the most recent conversion or
continuation of such Loan or Borrowing) and the


 




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Revolving Maturity Date of such Loan, and, if later than the
Revolving Maturity Date, the Maturity Date applicable to the Borrower of such Loan.


 


“Interest
Period” means, (a) as to each Term Rate Loan denominated in US Dollars, the period commencing on the date such Loan is disbursed
or converted to or continued as a Term Rate Loan and ending on the date one, three or six months thereafter, (b) as to each Term Rate
Loan denominated in Canadian Dollars, the period commencing on the date such Loan is disbursed or converted to or continued as a Term
Rate Loan and ending on the date one or three months thereafter, as selected by the applicable Borrower in its Committed Loan Notice,
(c) as to each Term Rate Loan denominated in Euro, the period commencing on the date such Loan is disbursed or converted to or continued
as a Term Rate Loan and ending on the date one, three or six months thereafter, as selected by the applicable Borrower in its Committed
Loan Notice, (d) as to each Swing Line Loan denominated in Australian Dollars, the period commencing on the date such Loan is disbursed
and ending on the date that is such number of days thereafter as the applicable Borrower may elect in accordance with Section 2.16
and (e) as to each Tranche C Loan, the period commencing on the date such Loan is disbursed or converted to or continued as a Tranche
C Loan ending on the date one, two, three or six months thereafter, as selected by the Tranche C Borrower in its Committed Loan Notice;
provided that:


 


(i)       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;


 


(ii)       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; and


 


(iii)       no
Interest Period for a Term Rate Loan or Tranche C Loan shall extend beyond the Maturity Date applicable to such Borrower.


 


Notwithstanding the foregoing, a
Borrower may select an Interest Period for a Term Rate Loan or Tranche C Loan which would end after the Revolving Maturity Date only if
it has previously delivered, or delivers concurrently with the applicable Committed Loan Notice, an election to extend the Maturity Date
to the Term Maturity Date pursuant to Section 2.13(c).


 


“IRS” means the United
States Internal Revenue Service.


 


“Laws”
means, collectively, all federal, state and local statutes, executive orders, treaties, rules, guidelines, regulations, ordinances, codes
and administrative authorities, including the interpretation or administration thereof by any Governmental Authority charged with the
enforcement, interpretation or administration thereof, and all applicable administrative orders of any Governmental Authority.


 




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“Lender”
has the meaning specified in the introductory paragraph hereto and any other Person that shall have become a party hereto pursuant to
an assignment made in accordance with Section 9.7, other than any Person that ceases to be a party hereto in accordance with the
terms hereof pursuant to such assignment, and, as the context requires, includes each Swing Line Lender.


 


“Lending
Office” means, as to any Lender, the office, offices, branch, branches, Affiliate or Affiliates of such Lender described as
such in such Lender’s Administrative Questionnaire, or such other office, offices, branch, branches, Affiliate or Affiliates as
such Lender may from time to time notify the applicable Borrower and the Administrative Agent; provided that, for the avoidance
of doubt, any action taken by an Affiliate of such Lender shall be taken on behalf of the Lender and not on such Affiliate’s own
behalf.


 


“Loan”
means an extension of credit by a Lender to a Borrower under Article II in the form of a Committed Loan or a Swing Line Loan, including
a Loan converted to a Term Loan pursuant to Section 2.13(c).


 


“Loan Documents” means this Agreement,
each Note, and each Fee Letter.


 


“Material
Adverse Effect” means with respect to any Borrower, a material adverse change in the business, financial position or results
of operations of such Borrower and its Consolidated Subsidiaries, considered as a whole.


 


“Maturity
Date” means, with respect to each Borrower, the Revolving Maturity Date, or if the Loans made to such Borrower are converted
to Term Loans pursuant to Section 2.13, the Term Maturity Date applicable to such Borrower.


 


“Multiemployer
Plan” means at any time an employee pension benefit plan within the meaning of Section 4001(a)(3) of ERISA to which any member
of the ERISA Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions,
including for these purposes any Person which ceased to be a member of the ERISA Group during such five year period.


 


“Note”
or “Notes” means a promissory note or promissory notes made by a Borrower in favor of a Lender evidencing Loans made
by such Lender to such Borrower, substantially in the form of Exhibit B.


 


“Obligations”
means, with respect to any Borrower, all advances to, and debts, liabilities, obligations, covenants and duties of, such Borrower arising
under any Loan Document or otherwise with respect to any Loan made to such Borrower, whether direct or indirect (including those acquired
by assumption), 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 such Borrower of any proceeding under any Debtor Relief Laws naming such Borrower as the debtor in
such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.


 




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“OFAC”
means the Office of Foreign Assets Control of the U.S. Department of the Treasury.


 


“Offshore Associate”
means an associate (as defined in section 128F(9) of the Australian Tax Act):


 


(a)       which
is a non-resident of Australia and does not become a Lender or receive a payment in carrying on a business in Australia at or through
a permanent establishment of the associate in Australia; or


 


(b)       which
is a resident of Australia and which becomes a Lender or receives a payment in carrying on a business in a country outside Australia at
or through a permanent establishment of the associate in that country;


 


and, in each
case, which does not become a Lender in the capacity of a dealer, manager or underwriter in relation to the invitation, or a clearing
house, custodian, funds manager or responsible entity of a registered scheme or does not receive payment in the capacity of a clearing
house, custodian, paying agent, funds manager or responsible entity of a registered scheme.


 


“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 jurisdiction other than the United States or Puerto Rico); (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” means any and all present or future stamp 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, excluding, however such taxes imposed as a result of an assignment or participation
(other than an assignment that occurs as a result of a Borrower’s request pursuant to Section 9.17).


 


“Outstanding
Amount” means (i) with respect to Committed Loans on any date, the aggregate outstanding principal amount after giving effect
to any borrowing and prepayments or repayments of Committed Loans occurring on such date; and (ii) with respect to Swing Line Loans on
any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such
Swing Line Loans occurring on such date.


 


“Overnight
Rate” means, for any day, (a) with respect to any amount denominated in US Dollars, the Federal Funds Rate, (b) with respect
to any amount denominated in Canadian


 




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Dollars, Euro or Sterling, an
overnight rate determined by the Applicable Agent in accordance with banking industry rules on interbank compensation and (c) with respect
to any amount denominated in Australian Dollars, an overnight rate determined by the Administrative Agent, the applicable Swing Line Agent
or the Australian Sub-Agent, as the case may be, in accordance with banking industry rules on interbank compensation.


 


“Participant” has the meaning set forth
in Section 9.7(d).


 


“Participating
Member States” means any member state of the European Union that has the Euro as its lawful currency in accordance with legislation
of the European Union relating to Economic and Monetary Union.


 


“PBGC”
means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under ERISA.


 


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


 


“Plan”
means at any time an employee pension benefit plan (other than a Multiemployer Plan) which is covered by Title IV of ERISA or subject
to the minimum funding standards under Section 412 of the Internal Revenue Code and either (i) is maintained, or contributed to, by any
member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any time within the preceding five years been
maintained, or contributed to, by any Person which was at such time a member of the ERISA Group for employees of any Person which was
at such time a member of the ERISA Group.


 


“Platform” has the meaning specified
in Section 6.1.


 


“Primary Currency” has the meaning specified
in Section 9.21(a).


 


“Principal
Officer” means any of the chief executive officer, president, chief financial officer, treasurer, vice president responsible
for treasury and assistant treasurer.


 


“Pro
Rata Share” means (a) with respect to the commitments of each Applicable Tranche Lender at any time, a fraction (expressed as
a percentage, carried out to the eighth decimal place), the numerator of which is the amount of the Tranche A Commitment, Tranche B Commitment
or Tranche C Commitment of such Applicable Tranche Lender at such time and the denominator of which is the amount of the Aggregate Tranche
A Commitments, Aggregate Tranche B Commitments or Aggregate Tranche C Commitments, respectively, at such time; provided that if
the commitment of each Lender to make Tranche A Loans, Tranche B Loans or Tranche C Loans, as applicable, has been terminated pursuant
to Section 7.1 or if the Loans have been converted to Term Loans pursuant to Section 2.13(c), then the Pro Rata Share of
each Applicable Tranche Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such termination or
conversion and after giving effect to any subsequent assignments made pursuant to the terms hereof. The initial Pro Rata Share of each
Lender is set forth opposite the name of such Lender on Schedule 2.1 or in the Assignment and Assumption


 




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pursuant to which such Lender becomes
a party hereto, as applicable, and (b) with respect to the aggregate Commitments of all Lenders at any time, a fraction (expressed as
a percentage, carried out to the eighth decimal place), the numerator of which is the amount of such Lender’s Commitment Cap and
the denominator of which is the aggregate amount of all the Lenders’ Commitment Caps at such time.


 


“Public Lender”
has the meaning specified in Section 6.1.


 


“Puerto Rico” means the Commonwealth of Puerto Rico.


 


“Puerto Rico Code”
means the Puerto Rico Internal Revenue Code of 2011, as amended and any successor statute.


 


“Register” has the
meaning set forth in Section 9.7(c).


 


“Regulation
U” means Regulation U of the FRB, as in effect from time to time.


 


“Regulatory Change” shall mean, with
respect to any Lender, the introduction of or any change in or in the interpretation of any Law made after the date such Lender
becomes a party to this Agreement. For the avoidance of doubt, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and
all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines
or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, are deemed to have
been introduced or adopted after the date hereof, regardless of the date enacted, adopted, issued, promulgated or implemented.


 


“Request
for Loans” means (a) with respect to a Borrowing, conversion or continuation of Committed Loans, a Committed Loan Notice, and
(b) with respect to a Swing Line Loan, a Swing Line Loan Notice.


 


“Required
Lenders” means, (a) with respect to matters related solely to the Tranche A Borrowers, to TCCI or to the Tranche C Borrower,
respectively, as of any date of determination, Applicable Tranche Lenders having more than 50% of the Aggregate Commitments to such Borrower
(or, in the case of the Tranche A Borrowers, all of the Tranche A Borrowers) or, if the commitment of each Lender to make Tranche A Loans,
Tranche B Loans or Tranche C Loans, as applicable, has been terminated pursuant to Section 7.1 or if the Loans have been converted
to Term Loans pursuant to Section 2.13(c), Applicable Tranche Lenders holding in the aggregate more than 50% of the Total Outstandings
applicable to Tranche A Borrowers, to TCCI or to the Tranche C Borrower, respectively (with the aggregate amount of each Lender’s
risk participation and funded participation in Swing Line Loans being deemed “held” by such Lender for purposes of this definition);
provided that the Commitment of, and the portion of the Total Outstandings applicable to a Borrower held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders and (b) in all other cases, Lenders having
more than 50% of the aggregate amount of all the Lenders’ Commitment Caps at such time or, to the extent the Commitments have been
terminated or the Loans have been converted


 




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to Term Loans, more than 50% of
the Total Outstandings of all Loans, provided that the 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.


 


“Rescindable
Amount” means any payment made by the Administrative Agent for the account of any Lender hereunder that the Administrative Agent
determines (which determination shall be conclusive absent manifest error) (a) the applicable Borrower has not in fact made such payment;
(b) the Administrative Agent has made a payment in excess of the amount so paid by such Borrower (whether or not then owed); or (c) was
for any reason erroneously made for the account of such Lender.


 


“Resolution
Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.


 


“Responsible
Officer” means any of (a) the Principal Officers and (b) any other officer or representative of (i) the applicable Borrower,
authorized by the board of directors (or equivalent governing body) of the applicable Borrower or (ii) to the extent a Borrower’s
Representative is permitted pursuant to this Agreement to act on behalf of a Borrower, the applicable Borrowers’ Representative,
authorized by the board of directors (or equivalent governing body) of the applicable Borrowers’ Representative in respect of the
applicable Borrower, in each case as set forth in this clause (b) in a written notice from such Borrower or such Borrowers’ Representative
on behalf of such Borrower to the Administrative Agent. The Administrative Agent may conclusively rely on each such notice unless and
until a subsequent writing shall be delivered by a Borrower or Borrowers’ Representative on behalf of a Borrower to the Administrative
Agent that identifies the prior writing that is to be superseded and stating that it is to be so superseded. Any document delivered hereunder
that is signed by a Responsible Officer of a Borrower or a Responsible Officer of a Borrowers’ Representative on behalf of a Borrower
shall be conclusively presumed to have been authorized by all necessary corporate action on the part of such Borrower or such Borrowers’
Representative on behalf of such Borrower.


 


“Revaluation
Date” means each of the following: (a) each date of a Borrowing of a Term Rate Loan denominated in an Alternative Currency,
(b) each date of a continuation of a Term Rate Loan denominated in an Alternative Currency pursuant to Section 2.2, (c) each date
of a Borrowing of a Tranche C Loan, (d) each date of a continuation of a Tranche C Loan pursuant to Section 2.2, and (e) such additional
dates as the Administrative Agent shall determine or the Required Lenders shall request.


 


“Revolving
Maturity Date” means the later of (a) November 17, 2023, and (b) if maturity is extended upon the request of the Borrowers pursuant
to Section 2.13(b), such extended revolving maturity date as determined pursuant to such Section; provided, however,
that the Revolving Maturity Date of any Lender that is a non-Consenting Lender to any requested extension pursuant to Section 2.13(b)
shall be the Revolving Maturity Date in effect immediately prior to the applicable Revolving Renewal Effective Date (as such term is defined
in Section 2.13(b)) for all purposes of this Agreement.


 




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“Revolving Renewal Effective
Date” has the meaning specified in Section 2.13(b).


 


“Same
Day Funds” means (a) with respect to disbursements and payments in US Dollars, immediately available funds, (b) with respect
to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent to
be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Alternative
Currency and (c) with respect to disbursements and payments in Australian Dollars, same day or other funds as may be determined by the
Australian Sub-Agent to be customary in the place of disbursement or payment for the settlement of international banking transactions
in Australian Dollars.


 


“Sanctions”
means any economic or financial sanctions administered, enacted, imposed or enforced by the U.S. government (including, without limitation,
those administered by OFAC), the Australian Federal Government, the United Nations Security Council, the European Union, the Federal Republic
of Germany, or the United Kingdom.


 


“Schedule
I Banks” shall mean, at any time, the Lenders that are listed in Schedule I to the Bank Act (Canada) at such time.


 


“SEC”
means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.


 


“Significant
Subsidiary” means any Subsidiary which would meet the definition of “Significant Subsidiary” contained in Regulation
S-X (or similar successor provision) of the Securities and Exchange Commission.


 


“SOFR”
means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.


 


“SOFR
Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).


 


“SOFR
Administrator’s Website” means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org,
or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.


 


“SONIA”
means, with respect to any Business Day, a rate per annum equal to the Sterling Overnight Index Average for such Business Day published
by the SONIA Administrator on the SONIA Administrator’s Website on the immediately succeeding Business Day.


 


“SONIA
Administrator” means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).


 


“SONIA Administrator’s
Website” means the Bank of England’s website, currently at http://www.bankofengland.co.uk, or any successor source for
the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time.


 




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“SONIA Business
Day” means, for any Loan denominated in Sterling, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which
banks are closed for general business in London.


 


“SONIA
Loan” means a Loan that bears interest at a rate based on Daily Simple SONIA.


 


“Spot Rate” for a
currency means the rate determined by the Administrative Agent to be the rate quoted by the Person acting in such capacity as the
spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading
office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is
made; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the
Administrative Agent if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any
such currency.


 


“Sterling” and “£”
mean the lawful currency of the United Kingdom.


 


“Sub-Agents” means
the Australian Sub-Agent and each Swing Line Agent.


 


“Subsidiary”
means, as to any Person, any corporation or other entity of which securities or other ownership interests having ordinary voting power
to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned
by such Person; unless otherwise specified, “Subsidiary” means a Subsidiary of a Borrower.


 


“Swing
Line Agent” means each of (a) in the case of Swing Line Loans funded in US Dollars, BNP Paribas, (b) in the case of Swing Line
Loans funded in Canadian Dollars, BNP Paribas, (c) in the case of Swing Line Loans funded in Euro or Sterling, BNP Paribas London and
(d) in the case of Swing Line Loans funded in Australian Dollars, BNP Paribas, acting through its Singapore Branch.


 


“Swing Line Borrowing”
means a borrowing of a Swing Line Loan pursuant to Section 2.16.


 


“Swing Line Commitment” means, as to
each Swing Line Lender and as to any currency, its obligation to make 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 2.1 as its “Swing
Line Commitment” with respect to such currency, 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.


 


“Swing Line
Lenders” means each of the Lenders that has a Swing Line Commitment on Schedule 2.1 hereto, or any successor swing
line lender hereunder.


 


“Swing Line Loan” has the meaning specified
in Section 2.16(a).


 




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“Swing
Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.16(b), which, if in writing, shall be
substantially in the form of Exhibit A-2.


 


“Swing
Line Rate” means, (a) in respect of Swing Line Loans made in US Dollars, the sum of (i) Daily Simple SOFR and (ii) the Applicable
Rate (provided that, if Daily Simple SOFR or a Benchmark Replacement is not available for any reason, the Swing Line Rate in respect of
Swing Line Loans made in US Dollars will be the sum of (i) the Base Rate and (ii) the Applicable Rate for Base Rate Loans), (b) in respect
of Swing Line Loans made in Euro, the sum of (i) €STR and (ii) the Applicable Rate, (c) in respect of Swing Line Loans made in Sterling,
the sum of (i) Daily Simple SONIA and (ii) the Applicable Rate, (d) in the case of Swing Line Loans made in Canadian Dollars, the sum
of (i) the Canadian Prime Rate and (ii) the Applicable Rate and (e) in the case of Swing Line Loans made in Australian Dollars, for any
Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward
to the next 1/100th of 1%) at which deposits in Australian Dollars for delivery on the first day of such Swing Line Loan in Same Day Funds
in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to
such Interest Period would be offered by BNP Paribas, Australia Branch to major banks in Sydney at their request at approximately 11:00
a.m. (Sydney time) on the first day of such Swing Line Loan and (ii) the Applicable Rate; provided that, if the Swing Line Rate
in respect of any Swing Line Loans would otherwise be less than zero, such Swing Line Rate shall instead be deemed for all purposes of
this Agreement to be zero.


 


“Swing
Line Sublimit” means an amount equal to the least of (a) US$1,250,000,000, (b) the aggregate Swing Line Commitments of the Swing
Line Lenders and (c) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.


 


“TARGET2
Day” means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System (or, if
such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable
replacement) is open for the settlement of payments in Euro.


 


“Taxes”
means, with respect to any payment by a Borrower under this Agreement or any other Loan Document, any and all present or future taxes,
duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, and all liabilities with respect thereto (other
than Other Taxes), excluding, (i) in the case of the Administrative Agent and each Lender, taxes imposed on or measured by its
net income (however denominated), and franchise and similar taxes (including branch profits taxes and backup withholding of such taxes)
imposed on it, 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 where the Administrative Agent’s Office or a Lender’s Lending Office is located or any
other jurisdiction arising solely as a result of such recipient engaging in a trade or business in such jurisdiction for tax purposes
or otherwise having a present or former connection with such jurisdiction (other than connections arising from such recipient having executed,
delivered, become party to, performed its obligations under, received payments under, received or perfected a security interest under,
engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned


 




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an interest in any Loan or Loan
Document), (ii) any (1) United States, the Netherlands or Puerto Rico withholding tax imposed on payments by the Tranche A Borrowers under
this Agreement or any other Loan Document or (2) Canadian withholding tax imposed on payments by TCCI under this Agreement or any other
Loan Document, in the case of (1) or (2) pursuant to a law in effect on the date such Lender becomes a party to this Agreement (or designates
a new Lending Office) except to the extent that, pursuant to Section 3.1, amounts with respect to such Taxes were payable to such
Lender’s assignor immediately before such Lender became a party hereto (or to such Lender immediately before it changed its Lending
Office) and (iii) withholding Taxes imposed under FATCA.


 


“Term Extension Effective
Date” has the meaning specified in Section 2.13(c).


 


“Term
Loan Conversion Fee” means, with respect to any Borrower, a fee in US Dollars to be paid to the Administrative Agent on the
Term Extension Effective Date by such Borrower, for the account of each Lender in accordance with its Pro Rata Share, in an amount equal
to 0.50% of the Outstanding Amount on the Term Extension Effective Date of Loans of such Lender made to such Borrower that are converted
into Term Loans on the Term Extension Effective Date.


 


“Term
Loans” of a Borrower means each Loan made to such Borrower that is outstanding (after giving effect to any prepayments of Loans
on such date) on the date that such Borrower elects to convert such Loans to term Loans in accordance with Section 2.13(c).


 


“Term
Maturity Date” applicable to a Borrower means the date selected by such Borrower that is no later than one year from the Revolving
Maturity Date upon conversion of the Loans made to such Borrower to Term Loans in accordance with Section 2.13(c).


 


“Term
Rate” means for any Interest Period (a) with respect to any Term Rate Loan denominated in US Dollars, a rate per annum equal
to Term SOFR with a term equivalent to such Interest Period; (b) with respect to any Term Rate Loan denominated in Canadian Dollars, a
rate per annum equal to the Canadian Dollar Offered Rate (“CDOR”), as published by Reuters (or other commercially available
source providing quotations of CDOR as designated by the Administrative Agent from time to time if CDOR quotations are not published by
Reuters) at or about 10:00 a.m. (Montreal time) on the first day of such Interest Period (or if such day is not a Business Day, then on
the immediately preceding Business Day with a term equivalent to such Interest Period); and (c) with respect to any Term Rate Loan denominated
in Euro, a rate per annum equal to the Euro interbank offered rate administered by the European Money Markets Institute (or the successor
thereto if the European Money Markets Institute is no longer the administrator of such rate) (“EURIBOR”), as published
by Reuters (or other commercially available source providing quotations of EURIBOR as designated by the Administrative Agent from time
to time if EURIBOR quotations are not published by Reuters) at or about 11:00 a.m., Central European time, two Business Days prior to
the commencement of such Interest Period with a term equivalent to such Interest Period; provided that, if the Term Rate would
otherwise be less than zero, such Term Rate shall instead be deemed for all purposes of this Agreement to be zero.


 




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“Term
Rate Loan” means a Committed Loan under Tranche A or Tranche B that bears interest at a rate based on a Term Rate. Term Rate
Loans may be denominated in US Dollars, Euro or Canadian Dollars. All Committed Loans denominated in Euro or Canadian Dollars (other than
Canadian Dollar Loans made under Tranche B) must be Term Rate Loans.


 


“Term SOFR” means,


 


(a)       for
any calculation with respect to a Term Rate Loan denominated in US Dollars, the Term SOFR Reference Rate for a tenor comparable to
the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two U.S.
Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR
Administrator; provided, however, that if as of 4:00 p.m. (Central time) on any Periodic Term SOFR Determination Day the Term
SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Transition Event
with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as
published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR
Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government
Securities Business Day is not more than three U.S. Government Securities Business Days prior to such Periodic Term SOFR
Determination Day, and


 


(b)       for
any calculation with respect to a Base Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such
day, the “ABR Term SOFR Determination Day”) that is two U.S. Government Securities Business Days prior to such
day, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 4:00 p.m. (Central time) on
any ABR Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR
Administrator and a Benchmark Transition Event with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be
the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government
Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long
as such first preceding U.S. Government Securities Business Day is not more than three U.S. Government Securities Business Days
prior to such ABR SOFR Determination Day;


 


provided, further,
that if Term SOFR determined as provided above (including pursuant to the proviso under clause (a) or clause (b) above) shall ever be
less than zero, then Term SOFR shall be deemed to be zero.


 


“Term
SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference
Rate selected by the Administrative Agent in its reasonable discretion).


 


“Term SOFR Reference
Rate” means the forward-looking term rate based on SOFR.


 




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“TMC
Consolidated Subsidiary” means, at any date, a Subsidiary or other entity the accounts of which would be consolidated with those
of Toyota Motor Corporation in its consolidated financial statements if such statements were prepared as of such date.


 


“Total
Outstandings” means (i) the aggregate Outstanding Amount of all Loans, (ii) when used in relation to the Tranche A Borrowers,
the Outstanding Amount of all Loans made to the Tranche A Borrowers, (iii) when used in relation to TCCI, the Outstanding Amount of all
Loans made to TCCI and (iv) when used in relation to the Tranche C Borrower, the Outstanding Amount of all Loans made to the Tranche C
Borrower.


 


“Tranche”
means any of the Tranche A Facility, the Tranche B Facility or the Tranche C Facility, as the context may require.


 


“Tranche
A Availability Period” means, with respect to any Lender, the period from and including the Closing Date to the earliest of
(a) the Revolving Maturity Date applicable to such Lender, (b) the date of termination of the Aggregate Tranche A Commitments pursuant
to Section 2.5, and (c) the date of termination of the commitment of each Tranche A Lender to make Loans pursuant to Section
7.1. For the avoidance of doubt, clause (c) of this definition shall be triggered when the commitment of all Tranche A Lenders has
been terminated pursuant to Section 7.1 as to all Tranche A Borrowers in their capacity as Tranche A Borrowers.


 


“Tranche
A Borrowers” means TMCC, TFA, TMFNL, TFSUK, TCPR and TKG, each in its capacity as a Borrower under the Tranche A Facility.


 


“Tranche
A Commitment” means, as to each Lender, its obligation to (a) make Committed Loans to the Tranche A Borrowers pursuant to Section
2.1(a) and (b) 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 2.1 as its “Tranche A Commitment” 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; provided that (a) the Tranche A Commitments available to TKG shall not exceed US$500,000,000 in
the aggregate for all Lenders, (b) the Tranche A Commitments available to TFA shall not exceed US$333,400,000 in the aggregate for all
Lenders, and (c) the Tranche A Commitments available to TCPR shall not exceed US$333,400,000 in the aggregate for all Lenders.


 


“Tranche
A Facility” or “Tranche A” means the aggregate of the Tranche A Commitments.


 


“Tranche A Lender” means each Lender
that has a Tranche A Commitment on Schedule 2.1 or any Lender to which a portion of the Tranche A Commitment hereunder has
been assigned pursuant to an Assignment and Assumption.


 


“Tranche
A Loan” means an extension of credit by a Lender to a Tranche A Borrower under Article II in the form of a Committed
Loan, including a Loan converted to a Term Loan


 




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pursuant to Section 2.13(c). Tranche A Loans shall
be denominated in US Dollars or any Alternative Currency.


 


“Tranche
B Availability Period” means, with respect to any Lender, the period from and including the Closing Date to the earliest of
(a) the Revolving Maturity Date applicable to such Lender, (b) the date of termination of the Aggregate Tranche B Commitments pursuant
to Section 2.5, and (c) the date of termination of the commitment of each Tranche B Lender to make Loans pursuant to Section
7.1.


 


“Tranche
B Commitment” means, as to each Lender, its obligation to (a) make Committed Loans to TCCI pursuant to Section 2.1(b)
and (b) 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 2.1 as its “Tranche B Commitment” 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.


 


“Tranche B Facility”
or “Tranche B” means the aggregate of the Tranche B Commitments.


 


“Tranche B Lender” means each Lender
that has a Tranche B Commitment on Schedule 2.1 or any Lender to which a portion of the Tranche B Commitment hereunder has
been assigned pursuant to an Assignment and Assumption.


 


“Tranche
B Loan” means an extension of credit by a Lender to TCCI under Article II in the form of a Committed Loan, including
a Loan converted to a Term Loan pursuant to Section 2.13(c). Tranche B Loans may be denominated in Canadian Dollars (as Canadian
Prime Rate Loans or Term Rate Loans), US Dollars (as Base Rate Loans or Term Rate Loans), Euros (as Term Rate Loans) or Sterling (as SONIA
Loans).


 


“Tranche
C Availability Period” means, with respect to any Lender, the period from and including the Closing Date to the earliest of
(a) the Revolving Maturity Date applicable to such Lender, (b) the date of termination of the Aggregate Tranche C Commitments pursuant
to Section 2.5, and (c) the date of termination of the commitment of each Tranche C Lender to make Loans pursuant to Section
7.1.


 


“Tranche C Borrower”
means TFA in its capacity as the Borrower under the Tranche C Facility. For the avoidance of doubt, TFA is both a Tranche A Borrower and
the Tranche C Borrower.


 


“Tranche
C Commitment” means, as to each Lender, its obligation to (a) make Committed Loans to the Tranche C Borrower pursuant to Section
2.1(c) and (b) 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 2.1 as its “Tranche C Commitment” or in the Assignment
and Assumption pursuant to which such


 




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Lender becomes a party hereto, as applicable, as such
amount may be adjusted from time to time in accordance with this Agreement.


 


“Tranche C Facility”
or “Tranche C” means the aggregate of the Tranche C Commitments.


 


“Tranche C Lender” means each Lender
that has a Tranche C Commitment on Schedule 2.1 or any Lender to which a portion of the Tranche C Commitment hereunder has
been assigned pursuant to an Assignment and Assumption.


 


“Tranche
C Loan” means an extension of credit by a Lender to the Tranche C Borrower under Article II, in the form of a Committed
Loan, including a Loan converted to a Term Loan pursuant to Section 2.13(c). Except as provided in Section 2.16(c), Tranche
C Loans shall be denominated in Australian Dollars.


 


“Type”
means, with respect to a Loan, its character as a Base Rate Loan, a Canadian Prime Rate Loan, a Term Rate Loan, a SONIA Loan or a Tranche
C Loan.


 


“UK CTA” means the United Kingdom Corporation
Tax Act 2009.


 


“UK
Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time)
promulgated by the United Kingdom Prudential Regulation Authority) or any Person falling within IFPRU 11.6 of the FCA Handbook (as amended
from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment
firms, and certain affiliates of such credit institutions or investment firms.


 


“UK ITA” means the United Kingdom Income
Tax Act 2007.


 


“UK
Qualifying Lender” means (a) a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance
to TFSUK and is (i) a Lender: (1) which is a bank (as defined for the purpose of section 879 UK ITA) making an advance to TFSUK under
this Agreement; or (2) in respect of an advance made under this Agreement to TFSUK by a person that was a bank (as defined for the purpose
of section 879 UK ITA) at the time the advance was made, and which, with respect to (1) and (2) above, is within the charge to United
Kingdom corporation tax as regards any payment of interest made in respect of that advance or (in the case of (1) above), which is a
bank (as so designated) that would be within the charge to United Kingdom corporation tax as regards any payment of interest made in
respect of that advance apart from section 18A of the UK CTA; or (ii) a Lender which is: (1) a company resident in the United Kingdom
for United Kingdom tax purposes or (2) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom
through a permanent establishment which brings into account interest payable in respect of that advance in computing its chargeable profits
(within the meaning given by section 19 of the UK CTA); or (iii) a UK Treaty Lender or (b) a US LLC Lender.


 




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“UK
Qualifying Non-Bank Lender” means a Lender which gives a UK Tax Confirmation in the Assignment and Assumption which it executes
on becoming a party to this Agreement.


 


“UK
Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution
of any UK Financial Institution.


 


“UK
Tax Confirmation” means a confirmation by a Lender that the person beneficially entitled to interest payable to that Lender
in respect of an advance to TFSUK under this Agreement is either: (i) a company resident in the United Kingdom for United Kingdom tax
purposes; or (ii) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment
and which brings into account interest payable in respect of that advance in computing its chargeable profits (within the meaning given
by section 19 of the UK CTA).


 


“UK Treaty Lender” means a Lender which:


 


		(i)	is treated as a resident of a jurisdiction having a double taxation agreement (a
“Treaty”) with the United Kingdom which makes provision for full exemption from Tax imposed by the United Kingdom on
interest; and



 


		(ii)	does not carry on business in the United Kingdom through a permanent establishment with which that Lender’s
participation in respect of a Loan to TFSUK is effectively connected; and



 


		(iii)	is fully entitled to the benefits of the relevant Treaty (or if not so entitled,
would have been so entitled but for its failure to be so fully entitled being attributable to (x) the status of or any action
or omission of TFSUK or any affiliate thereof or to any relationship between the Lender and TFSUK or any affiliate thereof or (y) any
steps taken or to be taken pursuant to Section 9.15);



 


provided that “UK Treaty Lender”
shall mean any Lender in respect of a Loan to TFSUK, if such Lender becomes a Lender when an Event of Default under Section 7.1(a)
or Section 7.1(f) has occurred and is continuing.


 


“United
States” and “U.S.” each means the United States of America, including the States and the District of Columbia,
but excluding its territories and possessions.


 


“Unused
Tranche A Commitment” means, with respect to any Tranche A Lender at any time (a) such Lender’s Tranche A Commitment at
such time minus (b) the sum of (i) the aggregate principal amount of all Tranche A Loans made by such Lender and outstanding at
such time plus (ii) such Lender’s Pro Rata Share of the aggregate principal amount of all Swing Line Loans made to the Tranche
A Borrowers pursuant to Section 2.16 and outstanding at such time plus (iii) in the case of a Tranche A Lender that is (or
has an Affiliate that is) a Tranche B Lender, such Tranche B Lender’s Pro Rata Share of the Total Outstandings applicable to TCCI
plus (iv) in the case of a Tranche A Lender that is (or has an Affiliate that is) a Tranche C


 




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Lender, such Tranche C Lender’s Pro Rata Share of the
Total Outstandings applicable to the Tranche C Borrower.


 


“US Dollars” and “US$”
each means the lawful money of the United States.


 


“U.S.
Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities
Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for
purposes of trading in United States government securities.


 


“US
LLC Lender” means a Lender in respect of a Loan to TFSUK which is a U.S. limited liability company that is fiscally transparent
under the laws of the United States; where the members of that Lender are the beneficial owners of the interest payable to that Lender
and are resident in the U.S. for tax purposes; and where each member of that Lender would be a UK Treaty Lender were that member a Lender
in respect of that Loan.


 


“Write-Down
and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such
EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write- down and
conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the
applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial
Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities
or obligations of that Person or any other Person, to provide that any such contract or instrument is to have effect as if a right had
been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation
that are related to or ancillary to any of those powers.


 


Section 1.2
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)       (i)
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.


 


(ii)        Article,
Section, Exhibit and Schedule references are to the Loan Document in which such reference appears.


 


(iii)       The
term “including” is by way of example and not limitation.


 


(iv)       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.


 




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(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.


 


Section 1.3
Accounting Terms. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and
all financial data 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.


 


Section 1.4
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; and (b) references to any Law shall include all statutory and regulatory provisions consolidating,
amending, replacing, supplementing or interpreting such Law.


 


Section 1.5
Exchange Rates; Currency Equivalents. (a) The Administrative Agent shall determine the Spot Rates as of each Revaluation Date to
be used for calculating Dollar Equivalent amounts of Loan and Outstanding Amounts denominated in Alternative Currencies or Australian
Dollars. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts
between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by the
Borrowers hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any
currency (other than US Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative
Agent.


 


(b) Wherever
in this Agreement in connection with a Committed Borrowing, conversion, continuation or prepayment of a Term Rate Loan, an amount, such
as a required minimum or multiple amount, is expressed in US Dollars, but such Committed Borrowing or Term Rate Loan is denominated in
an Alternative Currency or Australian Dollars, such amount shall be the relevant Alternative Currency Equivalent or Australian Dollar
equivalent of such US Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward),
as determined by the Administrative Agent.


 


Section 1.6 [Reserved].


 


Section 1.7
Change of Currency. (a) Each obligation of the Borrowers to make a payment denominated in the national currency unit of any member
state of the European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the
time of such adoption (in accordance with the EMU Legislation). If, in relation to the


 




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currency of any such member
state, the basis of accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent with any convention
or practice in the European Union interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall
be replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency;
provided that if any Committed Borrowing in the currency of such member state is outstanding immediately prior to such date, such
replacement shall take effect, with respect to such Committed Borrowing, at the end of the then current Interest Period.


 


(b)       Each
provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time
specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions
or practices relating to the Euro.


 


(c)       Each
provision of this Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent may from time
to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices
relating to the change in currency.


 


Section 1.8 Times
of Day. Unless otherwise specified, all references herein to times of day shall be references to Central time (daylight or standard,
as applicable).


 


Section 1.9
Syndicated Facility Agreement. The parties agree that this Agreement is a ‘syndicated facility agreement’ for the purposes
of section 128F of the Australian Tax Act.


 


Section 1.10
Interest Rates; Benchmark Notification. The interest rate on a Loan denominated in US Dollars or an Alternative Currency may be
derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of regulatory reform.
Upon the occurrence of a Benchmark Transition Event, Section 3.8 provides a mechanism for determining an alternative rate of interest.
The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to whether the
composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same
value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any existing interest
rate prior to its discontinuance or unavailability. The Administrative Agent and its affiliates and/or other related entities may engage
in transactions that affect the calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate
(including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers. The
Administrative Agent may select information sources or services in its reasonable discretion to ascertain any interest rate used in this
Agreement, any component thereof, or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement,
and shall have no liability to any Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect,
special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether
at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or
service.


 




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ARTICLE
II


 


THE CREDITS


 


Section
2.1 Committed Loans. (a) Subject to the terms and conditions set forth herein, each Tranche A Lender severally agrees to make loans
in US Dollars or in one or more Alternative Currencies (each such loan, a “Committed Tranche A Loan”) to the Tranche
A Borrowers from time to time, on any Business Day during the Tranche A Availability Period, in an amount not to exceed the amount of
such Lender’s Unused Tranche A Commitment at such time. Within the limits of each Lender’s Unused Tranche A Commitment, and
subject to the other terms and conditions hereof, the Tranche A Borrowers may borrow under this Section 2.1(a), prepay under Section
2.4, and, unless converted to a Term Loan pursuant to Section 2.13(c), reborrow under this Section 2.1(a). Committed
Tranche A Loans may be Base Rate Loans, Term Rate Loans or SONIA Loans, as further provided herein.


 


(b)       Subject
to the terms and conditions set forth herein, each Tranche B Lender severally agrees to make loans to TCCI in US Dollars or in one
or more Alternative Currencies (each such loan, a “Committed Tranche B Loan”), on any Business Day during the
Tranche B Availability Period of such Tranche B Lender, in an aggregate amount not to exceed at any time outstanding the amount of
such Lender’s Tranche B Commitment; provided, however, that after giving effect to any Committed Borrowing made
by the Tranche B Lenders, (i) the Total Outstandings applicable to TCCI shall not exceed the Aggregate Tranche B Commitments, and
(ii) the aggregate Outstanding Amount of the Committed Tranche B Loans of any Tranche B Lender plus such Lender’s
ratable share of the Outstanding Amount of all Swing Line Loans made to TCCI shall not exceed such Lender’s Tranche B
Commitment. Within the limits of each Lender’s Tranche B Commitment, and subject to the other terms and conditions hereof,
TCCI may borrow under this Section 2.1(b), prepay under Section 2.4, and, unless converted to a Term Loan pursuant to Section
2.13(c), reborrow under this Section 2.1(b). Committed Tranche B Loans may be Base Rate Loans, Term Rate Loans, SONIA
Loans or Canadian Prime Rate Loans, as further provided herein.


 


(c)       Subject
to the terms and conditions set forth herein, each Tranche C Lender severally agrees to make loans in Australian Dollars (each such loan,
a “Committed Tranche C Loan”) to the Tranche C Borrower on any Business Day during the Tranche C Availability Period,
in an aggregate amount not to exceed at any time the amount of such Lender’s Tranche C Commitment; provided, however,
that after giving effect to any Committed Borrowing made by the Tranche C Lenders, (i) the Total Outstandings applicable to the Tranche
C Borrower shall not exceed the Aggregate Tranche C Commitments, and (ii) the aggregate Outstanding Amount of the Committed Tranche C
Loans of any Tranche C Lender plus such Lender’s ratable share of the Outstanding Amount of all Swing Line Loans made to
the Tranche C Borrower plus, in the case of a Tranche C Lender that is, or has an Affiliate that is, a Swing Line Lender having
a Swing Line Commitment in Australian Dollars and without duplication, such Lender’s (or Affiliate’s) Swing Line Loans made
to the Tranche C Borrower shall not exceed such Lender’s Tranche C Commitment. Within the limits of each Lender’s Tranche
C Commitment, and subject to the other terms and conditions hereof, the Tranche C Borrower may borrow under


 




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Tranche C pursuant to the terms set forth in this Section
2.1(c), prepay under Section 2.4, and, unless converted to a Term Loan pursuant to Section 2.13(c), reborrow under this
Section 2.1(c).


 


(d)       After
giving effect to Committed Loans made pursuant to this Section 2.1, the aggregate Outstanding Amount of all Loans made by such
Lender or its Affiliates shall not exceed such Lender’s Commitment Cap.


 


Section 2.2 Borrowings, Conversions
and Continuations of Committed Loans.


 


(a)       Each
Committed Borrowing, each conversion of Committed Loans from one Type to the other, and each continuation of Term Rate Loans or
continuation of Tranche C Loans shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent
(or Australian Sub-Agent, in the case of Tranche C), which may be given by telephone. Each such notice must be received by the
Applicable Agent not later than 12:00 noon (Central time) in the case of Tranche A Loans, 11:00 a.m. (Central time) in the case of
Tranche B Loans, and 11:00 a.m. (Central time) in the case of Tranche C Loans, (i) three Business Days prior to the requested date
of any Borrowing of, conversion to or continuation of Term Rate Loans denominated in US Dollars or of any conversion of Base Rate
Loans to Term Rate Loans denominated in US Dollars, (ii) four Business Days prior to the requested date of any Borrowing or
continuation of Term Rate Loans denominated in Alternative Currencies or SONIA Loans, (iii) four Business Days prior to the
requested date of any Borrowing or continuation of Tranche C Loans, (iv) on the requested date of any Borrowing of, or conversion of
Term Rate Loans denominated in US Dollars to Base Rate Committed Loans, and (v) on the requested date of any Borrowing of Canadian
Prime Rate Loans. Each telephonic notice by a Borrower pursuant to this Section 2.2(a) must be confirmed promptly by delivery
to the Applicable Agent of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer or any other
Person designated in writing by a Responsible Officer of such Borrower to the Applicable Agent. Each Borrowing of, conversion to or
continuation of Loans shall be (x) for Loans other than Tranche B Loans denominated in Canadian Dollars and other than Tranche C
Loans, in a principal amount of US$50,000,000 or a whole multiple of US$1,000,000 in excess thereof (or the Dollar Equivalent
thereof); provided that, in the case of TMFNL, such amount shall not be less than the Dollar Equivalent of EUR100,000 or any
other amount (or meeting any other criterion) as at any time ensures that it does not qualify as attracting funds from the
“public” under or pursuant to the Netherlands Financial Supervision Act (wet op het financieel toezicht), (y) for
Tranche B Loans denominated in Canadian Dollars, in a principal amount of CDN$5,000,000 or integral multiples of CDN$1,000,000 in
excess thereof or (z) for Tranche C Loans, in a principal amount of A$5,000,000 or integral multiples of A$1,000,000 in excess
thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the applicable Borrower is requesting
a Committed Borrowing, a conversion of Committed Loans from one Type to the other, or a continuation of Term Rate Loans or Tranche C
Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day),
(iii) the principal amount of Committed Loans to be borrowed, converted or continued, (iv) the Type of Committed Loans to be
borrowed or to which existing Committed Loans are to be converted, (v) if applicable, the duration of the Interest Period with
respect thereto and (vi) the currency of the Committed Loans to be borrowed. If any Borrower (other than the Tranche C Borrower)
fails to specify a currency in a Committed Loan Notice requesting a Borrowing, then the


 




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Committed Loans so requested
shall be made in US Dollars. If any Borrower (other than the Tranche C Borrower) fails to specify a Type of Committed Loan (other than
for Loans denominated in Sterling) in a Committed Loan Notice or if such Borrower fails to give a timely notice requesting a conversion
or continuation of a Term Rate Loan, then the applicable Committed Loans shall be made as, or converted to, (w) in the case of Committed
Loans for Tranche B denominated in Canadian Dollars, Canadian Prime Rate Loans, (x) in the case of Committed Loans for Tranche A denominated
in Canadian Dollars, Term Rate Loans in Canadian Dollars with an Interest Period of one month, (y) in the case of Committed Loans denominated
in US Dollars, Base Rate Loans, and (z) in the case of Committed Loans denominated in Euro, Term Rate Loans in Euro with an Interest Period
of one month. Any such automatic conversion shall be effective as of the last day of the Interest Period then in effect with respect to
the applicable Term Rate Loans. If the applicable Borrower requests a Borrowing of, conversion to, or continuation of Term Rate Loans
denominated in US Dollars, Canadian Dollars or Euro 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. If the Tranche C Borrower requests a Borrowing of, or continuation of Tranche
C 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. Other than as expressly provided in this Agreement, no Committed Loan may be converted into or continued as a Committed
Loan denominated in a different currency, but instead must be prepaid in the original currency of such Committed Loan and reborrowed in
the other currency.


 


Notwithstanding the foregoing,
if after giving effect to the making of any Tranche A Loans, Tranche B Loans or Tranche C Loans, the Unused Tranche A Commitment would
be less than or equal to the Dollar Equivalent of EUR 300,000,000 (as determined by the Administrative Agent), then, only to the extent
TKG has not borrowed EUR 300,000,000 as of the date such Loan is to be made, such Loans shall not be made without the consent of TKG (which
consent may be waived only by TKG).


 


(b)       Following
receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each appropriate Lender of the contents thereof and
the amount (and currency) of its Pro Rata Share of the applicable Committed Loans, and if no timely notice of a conversion or continuation
is provided by the applicable Borrower, the Administrative Agent shall notify each appropriate Lender of the details of any automatic
conversion to Base Rate Loans or conversion or continuation of Committed Loans denominated in US Dollars, Canadian Dollars or Euro, in
each case as described in the preceding subsection. In the case of a Committed Borrowing, each Tranche A Lender shall make the amount
of its Committed Loan available to the Administrative Agent, each Tranche B Lender shall make the amount of its Committed Loan available
to the Administrative Agent and each Tranche C Lender shall make the amount of its Committed Loan available to the Australian Sub-Agent,
in Same Day Funds at the Administrative Agent’s Office for the applicable currency or the Australian Sub-Agent’s Office, as
the case may be, not later than 1:00 p.m. on the Business Day specified, in the case of any Committed Loan denominated in US Dollars,
and not later than the Applicable Time specified by the Administrative Agent in the case of any Committed Loan in an Alternative Currency
or Australian Dollars, in the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section
4.2, the Applicable Agent shall make all funds so


 




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received available to the applicable
Borrower in like funds as received by the Administrative Agent or the Australian Sub-Agent either by (i) crediting the account of such
Borrower on the books of BNP Paribas 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 or the Australian Sub-Agent by such Borrower.


 


(c)       Except
as otherwise provided herein, a Term Rate Loan may be continued or converted only on the last day of an Interest Period for such Term
Rate Loan. During the existence of an Event of Default under Section 7.1(a) or Section 7.1(f), no Loans may be requested
as, converted to or continued as Term Rate Loans without the consent of the applicable Required Lenders, and the Required Lenders may
demand that any or all of the then outstanding Term Rate Loans denominated in Euro or Term Rate Loans denominated in Canadian Dollars
be prepaid, or redenominated into US Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest
Period with respect thereto. Except as otherwise provided herein, a Tranche C Loan may be continued only on the last day of an Interest
Period for such Tranche C Loan.


 


(d)       The
Administrative Agent shall promptly notify the applicable Borrower and the appropriate Lenders of the interest rate applicable to any
Interest Period for Term Rate Loans upon determination of such interest rate. The determination of the Term Rate by the Administrative
Agent shall be conclusive in the absence of manifest error. The Australian Sub-Agent shall promptly notify the Tranche C Borrower and
the appropriate Lenders of the interest rate applicable to any Interest Period for Tranche C Loans upon determination of such interest
rate. The determination of the Bank Bill Rate by the Australian Sub-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 applicable Borrower and the appropriate Lenders of
any change in BNP Paribas’s prime rate used in determining the Base Rate promptly following the public announcement of such change.
At any time that Canadian Prime Rate Loans are outstanding, the Administrative Agent shall notify TCCI and the Tranche B Lenders of any
change in the Canadian Prime Rate promptly following the public announcement of a change in a Canadian Reference Bank’s “prime
rate” by any Canadian Reference Bank.


 


(e)       After
giving effect to all Committed Borrowings, all conversions of Committed Loans from one Type to the other, and all continuations of Committed
Loans as the same Type, there shall not be more than fifteen (15) Interest Periods in effect with respect to Committed Loans.


 


(f)       Each
Lender at its option may make any Loans by causing any domestic or foreign branch or Affiliate of such Lender to make such Loans; provided
that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such Loans in accordance with the
terms of this Agreement and provided further that any exercise of such option shall not increase the Borrower’s obligations
under Section 3.1 or Section 3.4.


 


(g)       In
connection with the use or administration of Term SOFR, Daily Simple SONIA or SONIA, the Administrative Agent will have the right, with
the consent of TMCC to make Conforming Changes from time to time and, notwithstanding anything to the contrary


 




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herein, any amendments implementing
such Conforming Changes will become effective without any further action or consent of any other party to this Agreement. The Administrative
Agent will promptly notify the Borrowers and the Lenders of the effectiveness of any Conforming Changes in connection with the use or
administration of Term SOFR, Daily Simple SONIA or SONIA.


 


Section 2.3 [Reserved].


 


Section 2.4 Prepayments.


 


(a)       The
Tranche A Borrowers may, upon notice to the Administrative Agent, TCCI may, upon notice to the Administrative Agent, and the Tranche C
Borrower may, upon notice to the Australian Sub-Agent, at any time or from time to time voluntarily prepay Committed Loans made to it
in whole or in part without premium or penalty (other than as provided in Section 3.5); provided that (i) such notice must
be received by the Applicable Agent not later than (x) in the case of Tranche A Loans, 12:00 noon (Central time), (A) two Business Days
prior to any date of prepayment of Term Rate Loans denominated in US Dollars, (B) three Business Days prior to any date of prepayment
of Term Rate Loans denominated in Alternative Currencies, (C) two Business Days prior to any date of prepayment of SONIA Loans, and (D)
on the date of prepayment of Base Rate Committed Loans bearing interest at the Base Rate pursuant to Section 3.2, (y) in the case
of Tranche B Loans, 11:00 a.m. (Central time) (A) two Business Days prior to the date of any date of prepayment of Term Rate Loans and
(B) on the date of prepayment of Canadian Prime Rate Loans or (z) in the case of Tranche C Loans, 11:00 a.m. (Central time) three Business
Days prior to the date of any date of prepayment of Tranche C Loans; (ii) any partial prepayment of Loans other than Tranche B Loans denominated
in Canadian Dollars and other than Tranche C Loans shall be in a principal amount of US$50,000,000 or a whole multiple of US$1,000,000
in excess thereof; (iii) any partial prepayment of Tranche B Loans denominated in Canadian Dollars shall be in a principal amount of CDN$5,000,000
or a whole multiple of CDN$500,000 in excess thereof; and (iv) any partial prepayment of Tranche C Loans shall be in a principal amount
of A$5,000,000 or a whole multiple of A$500,000 in excess thereof. Each such notice shall specify the date and amount of such prepayment,
and the Type(s) of Loans to be prepaid. The Applicable Agent will promptly notify each appropriate Lender of its receipt of each such
notice and the contents thereof, and of the amount of such Lender’s Pro Rata Share of such prepayment of such Committed Loans. If
such notice is given by a Borrower, such 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 Term Rate Loan or a Tranche C Loan shall be accompanied by all accrued
interest thereon, together with any additional amounts required pursuant to Section 3.5. Each such prepayment of Committed Loans
shall be applied to the Committed Loans of the appropriate Lenders in accordance with their respective Pro Rata Shares.


 


(b)       (i)
If for any reason the Total Outstandings applicable to the Tranche A Borrowers at any time exceed the Aggregate Tranche A Commitments
then in effect, then the Tranche A Borrowers shall immediately prepay Loans in an aggregate amount equal to such excess, (ii) if for any
reason the Total Outstandings applicable to TKG at any time exceed US$500,000,000, TKG shall immediately prepay Loans in an aggregate
amount equal to such


 




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excess, (iii) if for any reason
the Total Outstandings applicable to TCPR at any time exceed US$333,400,000, TCPR shall immediately prepay Loans in an aggregate amount
equal to such excess, (iv) if for any reason the Total Outstandings applicable to TFA under Tranche A at any time exceed US$333,400,000,
TFA shall immediately prepay Loans in an aggregate amount equal to such excess, (v) if for any reason the Total Outstandings applicable
to TCCI at any time exceed the Aggregate Tranche B Commitments then in effect, TCCI shall immediately prepay Loans in an aggregate amount
equal to such excess and (vi) if for any reason the Total Outstandings applicable to the Tranche C Borrower at any time exceed the Aggregate
Tranche C Commitments then in effect, the Tranche C Borrower shall immediately prepay Loans in an aggregate amount equal to such excess.


 


(c)       Any
Borrower may, upon notice to the applicable Swing Line Agent (with a copy to the Administrative Agent), at any time or from time to time,
voluntarily prepay Swing Line Loans made to it in whole or in part without premium or penalty; provided that (i) such notice must
be received by the applicable Swing Line Agent and the Administrative Agent (x) not later than 10:00 a.m. (London time) in the case of
any Swing Line Loans to be funded in Europe, 12:00 noon (Central time) in the case of any Swing Line Loans to be funded in the United
States, or 11:00 a.m. (Central time) in the case of any Swing Line Loans to be funded in Canada, in each case, on the date of the prepayment
or (y) not later than 8:00 p.m. (Sydney time) on the immediately preceding Business Day prior to the date of the prepayment, in the case
of any Swing Line Loans to be funded in Australia, and (ii) any partial prepayment shall be in a minimum principal amount of US$1,000,000.
Each such notice shall specify the date and amount of such prepayment. If such notice is given by the applicable Borrower, such Borrower
shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.


 


(d)       If
the Administrative Agent notifies the Borrowers that the aggregate of a Lender’s Tranche A Loans, Tranche B Loans and Tranche C
Loans plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans plus, without duplication,
the Outstanding Amount of all Swing Line Loans made by such Lender in its capacity as a Swing Line Lender, exceeds such Lender’s
Commitment Cap, then within two Business Days after receipt of such notice, the Borrowers shall prepay Loans in an aggregate amount sufficient
to reduce the aggregate of such Lender’s Tranche A Loans, Tranche B Loans and Tranche C Loans plus such Lender’s Pro
Rata Share of the Outstanding Amount of all Swing Line Loans to an amount not to exceed 100% of such Lender’s Commitment Cap then
in effect.


 


Section 2.5
Termination or Reduction of Commitments. (a) The Tranche A Borrowers may, upon notice to the Administrative Agent, terminate or
from time to time permanently reduce the Aggregate Tranche A Commitments; TCCI may, upon notice to the Administrative Agent, terminate
the Aggregate Tranche B Commitments, or from time to time permanently reduce the Aggregate Tranche B Commitments; and the Tranche C Borrower
may, upon notice to the Australian Sub-Agent and the Administrative Agent, terminate the Aggregate Tranche C Commitments, or from time
to time permanently reduce the Aggregate Tranche C Commitments; provided that (i) any such notice shall be received by the Applicable
Agent not later than 12:00 noon (Central time), on the Business Day immediately prior to the date of termination or reduction, (ii) any
such partial reduction shall be in an aggregate amount of US$25,000,000 or


 




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any whole multiple of US$5,000,000
in excess thereof, (iii) such Borrower shall not terminate or reduce such Aggregate Commitments if, after giving effect thereto and to
any concurrent prepayments hereunder, the Total Outstandings applicable to such Borrower would exceed the Aggregate Commitments applicable
to such Borrower, and (iv) if, after giving effect to any reduction of the Aggregate Commitments, the Swing Line Sublimit or the Australian
Swing Line Sublimit exceeds the amount of the Aggregate Commitments, such Swing Line Sublimit or Australian Swing Line Sublimit, as applicable,
shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice
of termination or reduction of the Aggregate Commitments. Any reduction of the Aggregate Commitments shall be applied to the applicable
Commitment of each appropriate Lender according to its Pro Rata Share. All facility fees accrued for the account of the applicable Borrower
until the effective date of any termination of the applicable Aggregate Commitments shall be paid on the effective date of such termination.


 


(b)       Termination
of a Tranche A Borrower. Upon the payment in full of all Loans made to any Tranche A Borrower and performance in full of all other
accrued obligations of such Tranche A Borrower under this Agreement, any Tranche A Borrower may, upon notice to the Administrative Agent,
and so long as such Tranche A Borrower has not delivered a request for a Borrowing pursuant to Section 2.2(a) or Section 2.16(b)
which remains outstanding, terminate the Tranche A Commitments with respect to itself. Upon receipt of such notice of termination by the
Administrative Agent, (x) such Tranche A Borrower’s status as a “Tranche A Borrower” shall immediately terminate and
such Tranche A Borrower shall cease to have the rights and obligations of a Tranche A Borrower hereunder (other than such rights and obligations
that are expressly stated to survive the payment in full of amounts and obligations owing under this Agreement and the other Loan Documents
and the termination of this Agreement and the other Loan Documents) and (y) the Lenders shall be under no further obligation to make any
Loans hereunder to such Tranche A Borrower. The Administrative Agent will promptly notify the Lenders of any such notice of termination.


 


(c)       Non-Ratable
Reduction. The Tranche A Borrowers, TCCI or the Tranche C Borrower shall have the right, at any time, upon at least three Business
Days’ notice to a Defaulting Lender (with a copy to the Administrative Agent), to terminate in whole such Defaulting Lender’s
Tranche A Commitments, Tranche B Commitments or Tranche C Commitments, respectively. Such termination shall be effective, (x) with respect
to such Defaulting Lender’s unused Tranche A Commitments, Tranche B Commitments or Tranche C Commitments, as applicable, on the
date set forth in such notice, provided, however, that such date shall be no earlier than three Business Days after receipt
of such notice and (y) with respect to each Tranche A Loan, Tranche B Loan or Tranche C Loan outstanding to such Defaulting Lender, if
such Loan is a Base Rate Loan, Canadian Prime Rate Loan or SONIA Loan, on the date set forth in such notice and, if such Loan is a Term
Rate Loan or a Tranche C Loan, on the last day of the then current Interest Period relating to such Loan. Upon termination of a Lender’s
Commitment under this Section 2.5(c), the Tranche A Borrowers, TCCI or the Tranche C Borrower, as applicable, will pay or cause
to be paid all principal of, and interest accrued to the date of such payment on, Tranche A Loans, Tranche B Loans or Tranche C Loans,
as applicable, owing to such Defaulting Lender and pay any accrued facility fee payable to such Defaulting


 




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Lender pursuant to the provisions
of Section 2.8(a), and all other amounts payable to such Defaulting Lender hereunder (including, but not limited to, any increased
costs or other amounts owing under Section 3.4 and any indemnification for Taxes under Section 3.1); and upon such payments,
the obligations of such Defaulting Lender hereunder shall, by the provisions hereof, be released and discharged; provided, however,
that (i) such Defaulting Lender’s rights under Sections 3.1, 3.4, 9.4 and 9.5, and its obligations under
Section 8.7 shall survive such release and discharge as to matters occurring prior to such date; and (ii) no claim that the Tranche
A Borrowers, TCCI or the Tranche C Borrower may have against such Defaulting Lender arising out of such Defaulting Lender’s default
hereunder shall be released or impaired in any way. Subject to Section 2.14, the aggregate amount of the Commitments of the Lenders
once reduced pursuant to this Section 2.5(c) may not be reinstated; provided further, however, that if pursuant to
this Section 2.5(c), the Tranche A Borrowers, TCCI or the Tranche C Borrower, as applicable, pay or cause to be paid to a Defaulting
Lender any principal of, or interest accrued on, the Tranche A Loans, Tranche B Loans or Tranche C Loans owing to such Defaulting Lender,
then the Tranche A Borrowers, TCCI or the Tranche C Borrower, as applicable, shall pay or cause to be paid a ratable payment of principal
and interest to all Tranche A Lenders, Tranche B Lenders or Tranche C Lenders, as applicable, who are not Defaulting Lenders.


 


Section 2.6 Repayment of Loans.


 


(a)       Each
Borrower shall repay to the Applicable Agent for the account of each Lender on the Maturity Date applicable to such Borrower and such
Lender the aggregate principal amount of Loans made to it by such Lender and outstanding on such date.


 


(b)       Each
Borrower shall repay each Swing Line Loan made to it on the earlier to occur of (i) the date ten Business Days after such Loan is made
and (ii) the Revolving Maturity Date.


 


Section 2.7 Interest.


 


(a)       Subject
to the provisions of subsection (b) below, (i) subject to Section 3.2, each Term Rate Loan shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to the Term Rate for such Interest Period plus the
Applicable Rate; (ii) each SONIA Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date
at a rate per annum equal to Daily Simple SONIA plus the Applicable Rate; (iii) each Base Rate Committed Loan shall bear interest
on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus
the Applicable Rate; (iv) each Canadian Prime Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Canadian Prime Rate plus the Applicable Rate; (v) 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 Swing Line Rate;
and (vi) each Tranche C Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum
equal to the Bank Bill Rate for such Interest Period plus the Applicable Rate.


 




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(b)       If
any amount payable by any Borrower under any Loan Document is not paid when due (after giving effect to any applicable grace periods),
whether at stated maturity, by acceleration or otherwise, 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. Accrued and unpaid interest on past due
amounts (including interest on past due interest) shall be due and payable on 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.


 


Section 2.8 Fees.


 


(a)       Facility
Fee. TMCC, for the account of the Borrowers, shall pay or cause to be paid to the Administrative Agent for the account of each Applicable
Tranche Lender in accordance with its Pro Rata Share, a facility fee in US Dollars equal to the Applicable Percentage times the
actual daily amount of the Aggregate Commitments of such Applicable Tranche Lenders, regardless of usage (or, if the Aggregate Commitments
of such Applicable Tranche Lenders have terminated, on the Outstanding Amount of all Loans and Swing Line Loans of such Applicable Tranche
Lender made to the applicable Borrower(s)), which fee shall accrue at all times during the Tranche A Availability Period, the Tranche
B Availability Period, or the Tranche C Availability Period, as applicable (and thereafter so long as any Loans or Swing Line Loans of
such Applicable Tranche Lenders made to any applicable Borrower remain outstanding, including the Loans converted to Term Loans pursuant
to Section 2.13(c)), including at any time during which one or more of the conditions in Article IV is not met, but shall
terminate upon termination of the applicable availability period or upon conversion of the applicable Loans to Term Loans pursuant to
Section 2.13(c); provided that no such fee shall be paid on the unused Tranche A Commitments, unused Tranche B Commitments
or unused Tranche C Commitments of any Applicable Tranche Lender that is a Defaulting Lender. Facility fees shall be calculated quarterly
in arrears, and are 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, and on the Maturity Date (and, if applicable, thereafter on demand). Notwithstanding
the above, the facility fees payable to each Lender shall be calculated with respect to such Lender’s Commitment Cap, such that
in no event shall the aggregate amount of the facility fees paid to any Lender pursuant to this Section 2.8(a) exceed the facility
fees that would have been payable to such Lender if the aggregate amount of such Lender’s Commitments were equal to the amount of
its Commitment Cap.


 


(b)       Other
Fees. The Borrowers 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 Letters, if any. Any such fees shall be fully earned when paid and shall not be refundable for any
reason whatsoever.


 




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Section 2.9
Computation of Interest and Fees. All computations of interest for (a) Base Rate Loans when the Base Rate is determined by BNP
Paribas’s United States “prime rate”, (b) Canadian Prime Rate Loans, (c) SONIA Loans and (d) Tranche C Loans 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), or, in the case of interest in respect of Committed Loans denominated in Alternative
Currencies as to which market practice differs from the foregoing, in accordance with such market practice. 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 2.11(a),
bear interest for one day.


 


Section
2.10 Evidence of Debt. The Loans 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 Loans made by the Lenders to each Borrower and the interest
and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of
any Borrower under the Loan Documents to pay any amount owing with respect to the Obligations of such Borrower. 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
Lender made through the Administrative Agent, each Borrower shall execute and deliver to such Lender (through the Administrative Agent)
a Note, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its
Note and endorse thereon the date, Type (if applicable), amount, currency and maturity of its Loans and payments with respect thereto.


 


Section 2.11 Payments Generally.


 


(a)       All
payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense, recoupment or set-off.
Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated in an Alternative
Currency or Australian Dollars, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of
the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in US Dollars and in Same
Day Funds not later than 2:00 p.m. (or in the case of the Tranche B Lenders, not later than 12:00 p.m.) on the dates specified herein.
Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with respect to principal and interest on Loans
denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such
payment is owed, at the applicable Administrative Agent’s Office in such Alternative Currency and in Same Day Funds not later than
the Applicable Time specified by the Administrative Agent on the dates specified herein. Except as otherwise expressly provided herein,
all payments by the Tranche C Borrower hereunder with respect to principal and interest on Tranche C Loans shall be made to the Australian
Sub-Agent for the


 




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account of the respective
Lenders to which such payment is owed, through the applicable Australian Sub-Agent’s Office in Australian Dollars and in Same
Day Funds not later than the Applicable Time specified by the Australian Sub-Agent on the dates specified herein. Except as
otherwise expressly provided herein, all payments by (i) the Tranche A Borrowers shall be made to the Administrative Agent, (ii)
TCCI shall be made to the Administrative Agent and (iii) the Tranche C Borrower shall be made to the Australian Sub-Agent, for the
account of the respective Lenders to which such payment is owed. Without limiting the generality of the foregoing, the
Administrative Agent may require that (x) any payment by any Borrower due under this Agreement, other than any payment to be made in
respect of the Tranche B Facility or the Tranche C Facility, be made in the United States, (y) any payments to be made by TCCI in
respect of the Tranche B Facility be made in Canada and (z) any payment to be made by the Tranche C Borrower in respect of the
Tranche C Facility be made through the applicable Australian Sub-Agent’s Office. If, for any reason, any Borrower is
prohibited by any Law from making any required payment hereunder in an Alternative Currency or Australian Dollars, such Borrower
shall make such payment in US Dollars in the Dollar Equivalent of such currency payment amount. The Applicable Agent will promptly
distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as
received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent or the Australian
Sub-Agent (i) after 2:00 p.m., in the case of payments in US Dollars, or (ii) after the Applicable Time specified by the
Administrative Agent or the Australian Sub-Agent in the case of payments in an Alternative Currency or Australian Dollars, shall in
each case 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 any 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.


 


(c)       Unless
a Borrower or any Lender has notified the Applicable Agent prior to the time any payment is required to be made by it to the Administrative
Agent or the Australian Sub-Agent hereunder, that such Borrower or such Lender, as the case may be, will not make such payment, the Administrative
Agent or the Australian Sub-Agent may assume that such 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 or the Australian Sub-Agent in Same Day Funds, then:


 


(i)       if
a Borrower failed to make such payment, each Lender shall forthwith on demand repay to the Applicable Agent the portion of such assumed
payment that was made available to such Lender in Same Day Funds, together with interest thereon in respect of each day from and including
the date such amount was made available by the Administrative Agent or the Australian Sub-Agent to such Lender to the date such amount
is repaid to the Administrative Agent or the Australian Sub-Agent in Same Day Funds at the Overnight Rate from time to time in effect;
and


 




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(ii)       if
any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Applicable Agent the amount thereof in Same Day
Funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent or the Australian
Sub-Agent to the applicable Borrower to the date such amount is recovered by the Administrative Agent or the Australian Sub-Agent (the
“Compensation Period”) at a rate per annum equal to the Overnight Rate from time to time in effect. If such Lender
pays such amount to the Administrative Agent or the Australian Sub-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 or the Australian
Sub-Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the applicable Borrower, and such Borrower
shall pay such amount to the Administrative Agent or the Australian Sub-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
Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative Agent, the Australian Sub-Agent
or any Borrower may have against any Lender as a result of any default by such Lender hereunder.


 


A notice of the Applicable Agent to any Lender or any Borrower
with respect to any amount owing under this subsection (c) shall be conclusive, absent manifest error.


 


(d)       If
any Lender makes available to the Applicable 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 applicable Borrower by the Administrative Agent or the Australian
Sub-Agent because the conditions to the applicable Borrowing set forth in Article IV are not satisfied or waived in accordance
with the terms hereof, the Administrative Agent or the Australian Sub-Agent shall return such funds (in like funds as received from such
Lender) to such Lender, without interest, on the succeeding Business Day.


 


(e)       The
obligations of the Lenders hereunder to make Committed Loans and to fund participations in Swing Line Loans are several and not joint.
The failure of any Lender to make any Committed Loan or to fund participations in Swing Line Loans on any date required hereunder shall
not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure
of any other Lender to so make its Committed Loan or to fund participations in Swing Line Loans.


 


(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)       For
the purposes of the Interest Act (Canada) and disclosure under such act, whenever any interest or fees to be paid by TCCI under
this Agreement is to be calculated on the basis of a period of time that is less than a calendar year, the yearly rate of interest to
which the rate determined pursuant to such calculation is equivalent is the rate so determined multiplied by


 




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the number of days in the calendar year in which the same
is to be ascertained and divided by the actual number of days in such period of time.


 


(h)       Notwithstanding
any provision of this Agreement, in no event shall the aggregate “interest” (as defined in section 347 of the Criminal
Code (Canada)) payable by TCCI under this Agreement exceed the effective annual rate of interest on the “credit advanced”
(as defined in that section) under this Agreement lawfully permitted by that section and, if any payment, collection or demand pursuant
to this Agreement in respect of “interest” (as defined in that section) payable by TCCI is determined to be contrary to the
provisions of that section, such payment, collection or demand shall be deemed to have been made by mutual mistake of TCCI, the Administrative
Agent and the Lenders and the amount of such payment or collection shall be refunded to TCCI. For the purposes of this Agreement, the
effective annual rate of interest shall be determined in accordance with generally accepted actuarial practices and principles over the
relevant term and, in the event of dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the Administrative
Agent will be prima facie evidence of such rate.


 


Section 2.12
Sharing of Payments. If, other than as expressly provided elsewhere herein, any Lender shall obtain on account of the Committed
Loans made by it to a Borrower, or the participations in Swing Line Loans held by it resulting in such Lender’s receiving payment
of a proportion of the aggregate amount of such Committed Loans or participations and accrued interest thereon greater than its pro
rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Applicable Agent of
such fact, and (b) purchase from the other Lenders (other than any Defaulting Lenders) such participations in the Committed Loans and
subparticipations in Swing Line Loans and Swing Line Loans made by them to such Borrower as shall be necessary to cause such purchasing
Lender to share the excess payment in respect of such Committed Loans and Swing Line Loans 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 9.6 (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 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. Each Borrower agrees
that any Lender so purchasing a participation or subparticipation from another Lender may, to the fullest extent permitted by Law, exercise
all of its rights of payment (including any right of set-off, but subject to Section 9.9) with respect to such participation or
subparticipation as fully as if such Lender were the direct creditor of such Borrower in the amount of such participation or subparticipation.
The Applicable Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations or subparticipation
purchased under this Section 2.12 and will in each case notify the Lenders following any such purchases or repayments. Each Lender
that purchases a participation or subparticipation pursuant to this Section 2.12 shall from and after such purchase have the right
to give all notices, requests, demands, directions and other communications under


 




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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.


 


Section 2.13 Renewal of Revolving
Maturity Date; Conversion to Term Loans.


 


(a)       Not
earlier than 60 days prior to, nor later than 30 days prior to, any anniversary of the Closing Date, the Borrowers may, upon notice to
the Administrative Agent (which shall promptly notify the appropriate Lenders), request a renewal of the Revolving Maturity Date then
in effect for a period of up to 364 days. Within 20 days of delivery of such notice, each appropriate Lender shall notify the Administrative
Agent whether or not it consents to such renewal (which consent may be given or withheld in such Lender’s sole and absolute discretion).
Any Lender not responding within the above time period shall be deemed not to have consented to such renewal. The Administrative Agent
shall notify the Borrowers and the appropriate Lenders of the Lenders’ responses not less than 24 days after receipt of notice of
such renewal request. If any Lender declines, or is deemed to have declined, to consent to such renewal, the applicable Borrower may,
at its own expense, cause any such Lender to be replaced as a Lender pursuant to Section 9.17. The Borrowers shall be deemed to
have withdrawn any request to renew the Revolving Maturity Date if any Borrower delivers a notice of election (or is required to deliver
a notice of election or is deemed under Section 2.13(d) to have elected) to convert the Loans to Term Loans pursuant to Section
2.13(c).


 


(b)       The
Revolving Maturity Date shall be renewed only if Lenders holding at least 51% of all outstanding Commitments (after giving effect to any
replacements of Lenders permitted herein) (the “Consenting Lenders”) have consented thereto. If so renewed, the Revolving
Maturity Date, as to the Consenting Lenders, shall be renewed to a requested date up to 364 days from the Revolving Maturity Date then
in effect, effective as of the Revolving Maturity Date then in effect (such existing Revolving Maturity Date being the “Revolving
Renewal Effective Date”). The Administrative Agent and the Borrowers shall promptly confirm to the Lenders such renewal and
the Revolving Renewal Effective Date. As a condition precedent to such renewal, each Borrower shall deliver to the Administrative Agent
a certificate of such Borrower dated as of the Revolving Renewal Effective Date signed by a Responsible Officer of such Borrower (i) certifying
and attaching the resolutions adopted by such Borrower approving or consenting to such renewal and (ii) certifying that, after giving
effect to such renewal, (A) the representations and warranties of such Borrower contained in Article V (except for the representations
and warranties set forth in Section 5.4(b), 5.5(a) or 5.8(b) the accuracy of which it is expressly agreed shall not
be a condition to the renewal) are true and correct in all material respects on and as of the Revolving Renewal Effective Date, except
to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct
in all material respects as of such earlier date, and except that for purposes of this Section 2.13, the representations and warranties
contained in subsection (a) of Section 5.4 shall be deemed to refer to the most recent statements furnished pursuant to Section
6.1(a), (B) the representations and warranties contained in Section 5.1(c), Section 5.2(ii) and (iii) and Section
5.6 shall be true and correct in all respects and (C) no Default with respect to such Borrower exists. The applicable Borrower shall
prepay any Committed Loans made to such Borrower outstanding on the Revolving Renewal Effective Date (and pay any additional amounts


 




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required pursuant to Section 3.5) to the extent
necessary to keep outstanding Committed Loans made to such Borrower ratable with any revised and new Pro Rata Shares of all the Lenders.


 


(c)       Term
Loan Conversion. Not later than seven Business Days prior to the Revolving Maturity Date, any Borrower may, upon notice to the Administrative
Agent (which shall promptly notify the appropriate Lenders), elect to convert any outstanding Committed Loans made to such Borrower into
term Loans payable on the date (the “Term Maturity Date”) selected by such Borrower, but in no event later than one
year from the Revolving Maturity Date. Concurrently with delivering any Request for Loans relating to Term Rate Loans with an Interest
Period ending after the Revolving Maturity Date, such Borrower shall deliver a notice to the Administrative Agent that it elects to convert
such Loans into term Loans in accordance with the preceding sentence. If a Borrower so elects to convert any Loans made to it to term
Loans, subject to the satisfaction of the conditions precedent contained in this Section 2.13(c), the Maturity Date applicable
to such Borrower shall automatically be extended to the Term Maturity Date effective as of the Revolving Maturity Date then in effect
(such existing Revolving Maturity Date being the “Term Extension Effective Date”), and, on and after the Term Extension
Effective Date, the Loans made to and selected by such Borrower shall be term Loans that (i) may not be reborrowed once repaid, (ii) in
the case of loans denominated in US Dollars, may be converted from Base Rate Loans to Term Rate Loans and from Term Rate Loans to Base
Rate Loans and, in the case of Loans denominated in Canadian Dollars, may be continued as Canadian Prime Rate Loans or as Term Rate Loans
as provided therein, (iii) bear interest on the outstanding principal amount thereof in accordance with Section 2.7 and (iv) are
payable in full on the Term Maturity Date applicable to such Borrower. The Administrative Agent and the applicable Borrower shall promptly
confirm to the appropriate Lenders such extension and the Term Extension Effective Date. As conditions precedent to such extension, (A)
the applicable Borrower shall pay to the Administrative Agent the Term Loan Conversion Fee, and (B) the applicable Borrower shall deliver
to the Administrative Agent a certificate of such Borrower dated as of the Term Extension Effective Date signed by a Responsible Officer
of such Borrower certifying that no Default applicable to such Borrower exists.


 


(d)       Any
election by a Tranche A Borrower made pursuant to Section 2.13(c) in relation to the Tranche A Loans made to such Tranche A Borrower
shall be immediately binding on all other Tranche A Borrowers, without further action or notice by the Administrative Agent.


 


(e)       This
Section 2.13 shall supersede any provisions in Section 2.12 or Section 9.1 to the contrary.


 


Section 2.14 Increase in Commitments.


 


(a)       Provided
there exists no Default applicable to any Tranche A Borrower, upon notice by TMCC to the Administrative Agent (which shall promptly notify
the appropriate Lenders), TMCC may from time to time, request an increase in the Aggregate Commitments applicable to all Tranche A Borrowers
to an amount (for all such requests) not exceeding US$5,660,000,000. At the time of sending such notice, TMCC (in consultation with the
Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less
than ten Business Days from the date of delivery of such


 




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notice to the appropriate
Lenders). Each appropriate Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase
its Commitment and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested increase.
Any appropriate Lender not responding within such time period shall be deemed to have declined to increase its Commitment. The
Administrative Agent shall notify all of the Tranche A Borrowers and each appropriate Lender of the Lenders’ responses to each
request made hereunder. To achieve the full amount of a requested increase, TMCC may also invite additional Eligible Assignees to
become Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel; provided
that the minimum commitment of each such Eligible Assignee is not less than US$10,000,000. The consent of the Lenders is not
required to increase the amount of the Aggregate Tranche A Commitments pursuant to this Section 2.14(a), except that each
appropriate Lender shall have the right to consent to an increase in the amount of its Commitment as set forth in this Section
2.14(a). If the Lenders and Eligible Assignees do not agree to increase the applicable Aggregate Tranche A Commitments by the
amount requested by TMCC pursuant to this Section 2.14(a), TMCC may (i) withdraw its request for an increase in its entirety
or (ii) accept, in whole or in part, the increases that have been offered.


 


(b)       If
the applicable Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and TMCC shall determine
the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent
shall promptly notify TMCC and the appropriate Lenders of the final allocation of such increase and the Increase Effective Date. As a
condition precedent to such increase, each Tranche A Borrower shall deliver to the Administrative Agent a certificate of such Tranche
A Borrower dated as of the Increase Effective Date signed by a Responsible Officer of such Tranche A Borrower certifying that no Default
applicable to such Tranche A Borrower exists. The Tranche A Borrowers shall prepay any Committed Loans outstanding on the Increase Effective
Date (and pay any additional amounts required pursuant to Section 3.5) to the extent necessary to keep the outstanding Committed
Loans ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this Section.


 


(c)       This
Section 2.14 shall supersede any provisions in Sections 2.12 or 9.1 to the contrary.


 


Section 2.15 [Reserved].


 


Section 2.16 Swing Line Loans.


 


(a)       The
Swing Line. Subject to the terms and conditions set forth herein each applicable Swing Line Lender severally agrees, in reliance
upon the agreements of the other Lenders set forth in this Section 2.16 to make loans (each such loan, a “Swing Line
Loan”) (x) in US Dollars or any Alternative Currency to the Borrowers (other than the Tranche C Borrower) and (y) in
Australian Dollars to the Tranche C Borrower, from time to time on any Business Day during the Tranche A Availability Period, the
Tranche B Availability Period or the Tranche C Availability Period, as applicable, in an aggregate amount not to exceed at any time
outstanding (i) for each applicable Swing Line Lender, such Swing Line Lender’s applicable Swing Line


 




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Commitment, (ii) for all Swing
Line Loans made to the Borrowers other than the Tranche C Borrower, the amount of the Swing Line Sublimit, notwithstanding the fact
that such Swing Line Loans, when aggregated with the ratable share of the Outstanding Amount of Committed Loans of the Lender acting
as Swing Line Lender, may exceed the amount of such Lender’s Commitments or (iii) for all Swing Line Loans made to the Tranche
C Borrower, the amount of the Australian Swing Line Sublimit; provided, however, that after giving effect to any Swing
Line Loan, (i) the Total Outstandings in respect of the Tranche A Borrowers, TCCI or the Tranche C Borrower, respectively, shall not
exceed the applicable Aggregate Commitments, (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender under the
Tranche A Commitments, Tranche B Commitments or Tranche C Commitments, as applicable, plus such Lender’s Pro Rata Share
of the Outstanding Amount of all Swing Line Loans to the applicable Borrower(s) shall not exceed such Lender’s Commitment
applicable to such Borrower(s), (iii) the aggregate Outstanding Amount of Committed Loans of any Lender under the Tranche A
Facility, the Tranche B Facility and the Tranche C Facility, plus such Lender’s Pro Rata Share of the Outstanding
Amount of all Swing Line Loans, plus, in the case of a Swing Line Lender and without duplication, such Lender’s Swing
Line Loans shall not exceed such Lender’s Commitment Cap, and (iv) if after giving effect to any Swing Line Loan the Unused
Tranche A Commitment would be less than or equal to the Dollar Equivalent of EUR 300,000,000 (as determined by the Administrative
Agent), then, only to the extent TKG has not borrowed EUR 300,000,000 as of the date such Loan is to be made, such Swing Line Loan
shall not be made without the consent of TKG (which consent may be waived only by TKG) and provided, further, that the
Borrowers shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan. Each Swing Line Borrowing
shall consist of borrowings made from the several applicable Swing Line Lenders ratably to their respective applicable Swing Line
Commitments. Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section
2.16, prepay under Section 2.4, and reborrow under this Section 2.16. Immediately upon the making of a Swing Line
Loan, each 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 ratable share times the
amount of such Swing Line Loan.


 


(b)       Borrowing
Procedures. Each Swing Line Borrowing shall be made upon the applicable Borrower’s irrevocable notice to the applicable Swing
Line Agent and the Administrative Agent, which (x) in the case of Swing Line Loans requested by notice to the Administrative Agent, may
be given by telephone and (y) in the case of Swing Line Loans requested by notice to a Swing Line Agent, may not be given by telephone,
but may be given by electronic delivery, confirmed promptly by delivery to the applicable Swing Line Agent and the Administrative Agent
of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the applicable Borrower. Each such
notice must be received by the applicable Swing Line Agent and the Administrative Agent (i) not later than 10:00 a.m. (London time) in
the case of any Swing Line Loans to be funded in Europe, 12:00 noon (Central time) in the case of any Swing Line Loans to be funded in
the United States, or 11:00 a.m. (Central time) in the case of any Swing Line Loans to be funded in Canada, in each case, on the requested
borrowing date or (ii) not later than 8:00 p.m. (Sydney time) on the immediately preceding Business Day prior to the requested borrowing
date, in the case of any Swing Line Loans to be


 




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funded in Australia, and shall specify
(A) the amount and currency to be borrowed, which shall be a minimum of US$1,000,000, (or CDN$500,000 where the Swing Line Borrowing is
requested by TCCI or A$500,000 where the Swing Line Borrowing is requested by the Tranche C Borrower) (provided that, in the case
of TMFNL, such amount shall not be less than the Dollar Equivalent of EUR 100,000 or any other amount (or meeting any other criterion)
as at any time ensures that it does not qualify as attracting funds from the “public” under or pursuant to the Netherlands
Financial Supervision Act (wet op het financieel toezicht)), (B) the requested borrowing date, which shall be a Business Day and
(C) if denominated in Australian Dollars, the Interest Period applicable to such Swing Line Borrowing. Each such telephonic notice must
be confirmed promptly by delivery to the applicable Swing Line Agent and the Administrative Agent of a written Swing Line Loan Notice,
appropriately completed and signed by a Responsible Officer of the applicable Borrower. Promptly after receipt by the applicable Swing
Line Agent of any telephonic Swing Line Loan Notice, such Swing Line Agent 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, such Swing Line Agent will notify
the Administrative Agent (by telephone or in writing) of the contents thereof, and will notify each Swing Line Lender (by telephone or
in writing) of the contents thereof. Unless the applicable Swing Line Agent has received notice (by telephone or in writing) from the
Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. (London time, in the case of any Swing Line Loan to be
funded in Europe, New York City time, in the case of any Swing Line Loan to be funded in North America or Sydney time, in the case of
any Swing Line Loan to be funded in Australia) on the date of the proposed Swing Line Borrowing (I) directing each Swing Line Lender not
to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.16(a),
or (II) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms
and conditions hereof, each applicable Swing Line Lender will, not later than 3:00 p.m. (London time, in the case of any Swing Line Loan
to be funded in Europe, Central time, in the case of any Swing Line Loan to be funded in the United States, Montreal time, in the case
of any Swing Line Loan to be funded in Canada or Sydney time, in the case of any Swing Line Loan to be funded in Australia) on the borrowing
date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the applicable Borrower at its office
by crediting the account of such Borrower on the books of the applicable Swing Line Agent in Same Day Funds or as otherwise directed by
such Borrower.


 


		(c)	Refinancing of Swing Line Loans.



 


(i)       The
Swing Line Lenders at any time in their respective sole and absolute discretion may direct the applicable Swing Line Agent to request,
on behalf of the applicable Borrower (and each Borrower hereby irrevocably authorizes each Swing Line Agent to so request on its behalf),
that each Lender make a Base Rate Committed Loan or a Committed Tranche C Loan, as applicable, for the account of such Borrower in an
amount equal to such Lender’s ratable share of (A) the amount of Swing Line Loans made to such Borrower and then outstanding, in
the case of Swing Line Loans denominated in US Dollars, (B) the Dollar Equivalent of the amount of Swing Line Loans made to such Borrower
and then outstanding, in the case of Swing Line Loans


 




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denominated in any
Alternative Currency or (C) the amount of Swing Line Loans made to the Tranche C Borrower. 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
2.2, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans or Committed
Tranche C Loans, but subject to the unutilized portion of the Aggregate Commitments and the conditions set forth in Section
4.2. The applicable Swing Line Agent shall furnish the applicable Borrower with a copy of the applicable Committed Loan Notice
promptly after delivering such notice to the Applicable Agent. Each Lender shall make an amount equal to its ratable share of the
amount specified in such Committed Loan Notice available to the Applicable Agent in Same Day Funds for the account of the applicable
Swing Line Lenders at (x) the Administrative Agent’s Office for US Dollar-denominated payments or (y) the Australian
Sub-Agent’s Office for Australian Dollar-denominated payments, in each case not later than 1:00 p.m. on the day specified in
such Committed Loan Notice, whereupon, subject to Section 2.16(c)(ii), each Lender that so makes funds available shall be
deemed to have made a Base Rate Committed Loan or a Committed Tranche C Loan, as applicable, to the applicable Borrower in such
amount. The Applicable Agent shall remit the funds so received to the Swing Line Lenders.


 


(ii)       If
for any reason any Swing Line Loan cannot be refinanced by such a Committed Borrowing in accordance with Section 2.16(c)(i), the
request for Base Rate Committed Loans submitted by the applicable Swing Line Agent as set forth herein shall be deemed to be a request
by such Swing Line Agent that each Lender fund its risk participation in the relevant Swing Line Loan and each such Lender’s payment
to the Administrative Agent for the account of the Swing Line Lenders pursuant to Section 2.16(c)(i) shall be deemed payment in
respect of such participation.


 


(iii)       If
any Lender fails to make available to the Applicable Agent for the account of the Swing Line Lenders any amount required to be paid by
such Lender pursuant to the foregoing provisions of this Section 2.16(c) by the time specified in Section 2.16(c)(i), the
Swing Line Lenders shall be entitled to recover from such Lender (acting through the Applicable 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 Lenders at a rate per annum equal to the applicable Overnight Rate from time to time in effect, plus any administrative, processing
or similar fees customarily charged by the applicable Swing Line Lender in connection with the foregoing. If such Lender pays such amount
(with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Committed Loan included in the relevant
Committed Borrowing or funded participation in the relevant Swing Line Loan, as the case may be. A certificate of a Swing Line Lender
submitted to any Lender (through the Applicable Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent
manifest error.


 


(iv)       Each
Lender’s obligation to make Committed Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this Section
2.16(c) shall be absolute, irrevocable and unconditional and shall not be affected by any circumstance,


 




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including (A) any set-off, counterclaim,
recoupment, defense or other right which such Lender may have against any Swing Line Lender, any 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 Lender’s obligation to make Committed Loans pursuant to this
Section 2.16(c) is subject to the conditions set forth in Section 4.2. No such funding of risk participations shall relieve
or otherwise impair the obligation of any Borrower to repay Swing Line Loans made to it, together with interest as provided herein.


 


(d)       Repayment
of Participations.


 


(i)       At
any time after any Lender has purchased and funded a risk participation in a Swing Line Loan, if the applicable Swing Line Lender receives
any payment on account of such Swing Line Loan, such Swing Line Lender will promptly distribute to such Lender its ratable share thereof
in the same funds as those received by such Swing Line Lender.


 


(ii)       If
any payment received by a Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned by such
Swing Line Lender under any of the circumstances described in Section 9.6 (including pursuant to any settlement entered into by
such Swing Line Lender in its discretion), each Lender shall pay to such Swing Line Lender its ratable 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 applicable Overnight Rate. The Administrative Agent will make such demand upon the request of the applicable Swing Line Lender.
The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.


 


(e)       Interest
for Account of Swing Line Lenders. The applicable Swing Line Agent shall be responsible for invoicing the applicable Borrower for
interest on the Swing Line Loans. Until each Lender funds its Base Rate Committed Loan or risk participation pursuant to this Section
2.16 to refinance such Lender’s ratable share of any Swing Line Loan, interest in respect of such ratable share shall be solely
for the account of the respective Swing Line Lenders.


 


(f)       Payments
Directly to Swing Line Lender. Each Borrower shall make all payments of principal and interest in respect of the Swing Line Loans
made directly to the applicable Swing Line Agent, for the account of the respective Swing Line Lenders.


 


Section 2.17 Defaulting Lenders.


 


(a)       Generally.
Anything contained herein to the contrary notwithstanding, (i) to the extent permitted by applicable Law, until such time as the Default
Excess with respect to such Defaulting Lender shall have been reduced to zero, any prepayment of the Loans shall, if the Tranche A Borrowers,
TCCI or the Tranche C Borrower, as applicable, so direct at the time of making such prepayment, be applied to the Loans of other Applicable
Tranche Lenders as if such Defaulting Lender had no Tranche A Loans, Tranche B Loans or Tranche C Loans, as


 




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applicable, outstanding; (ii) such
Defaulting Lender’s unused Aggregate Commitments shall be excluded for purposes of calculating the facility fee payable to Lenders
pursuant to Section 2.8(a) in respect of any day during any Default Period with respect to such Defaulting Lender, and such Defaulting
Lender shall not be entitled to receive any facility fee with respect to its unused Commitment(s) pursuant to Section 2.8(a) for
any Default Period with respect to such Defaulting Lender; and (iii) the aggregate amount of the Tranche A Loans, Tranche B Loans and
Tranche C Loans as at any date of determination shall be calculated as if such Defaulting Lender had funded all Defaulted Loans of such
Defaulting Lender. No Commitment of any Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in
this Section 2.17(a), performance by any Borrower or any Lender of its obligations hereunder shall not be excused or otherwise
modified as a result of any failure by a Defaulting Lender to fund or the operation of this Section 2.17(a). The rights and remedies
against a Defaulting Lender under this Section 2.17(a) are in addition to other rights and remedies that the Borrowers, the Administrative
Agent or any other Lender may have against such Defaulting Lender with respect to any Defaulted Loan.


 


(b)       Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of
such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by the Administrative
Agent from a Defaulting Lender pursuant to Section 9.9 shall be applied at such time or times as may be determined by the Administrative
Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder;
second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Swing Line Lender hereunder;
third, as the Borrower that made such payment may request (so long as no Event of Default under Section 7.1(a) or
Section 7.1(f) has occurred and is continuing with respect to such Borrower), to the funding of any Loan in respect of which such
Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fourth,
if so determined by the Administrative Agent and the applicable Borrower, to be held in a deposit account and released pro rata in order
to satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement; fifth,
to the payment of any amounts owing to the Lenders or the Swing Line Lenders as a result of any judgment of a court of competent jurisdiction
obtained by any Lender or Swing Line Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its
obligations under this Agreement; sixth, so long as no Event of Default under Section 7.1(a) or Section 7.1(f)
has occurred and is continuing with respect to such Borrower, to the payment of any amounts owing to the applicable Borrower as a result
of any judgment of a court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; and seventh, to such Defaulting Lender or as otherwise directed
by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans in respect
of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made at a time when the conditions
set forth in Section 4.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of all non-Defaulting
Lenders on a pro rata basis prior to being applied to the payment of any Loans of such Defaulting Lender until such time as all Loans
and Swing Line Loans are held by the Lenders pro rata in accordance with the


 




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Commitments under the applicable
facility. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts
owed by a Defaulting Lender pursuant to this Section 2.17(b) shall be deemed paid to and redirected by such Defaulting Lender,
and each Lender irrevocably consents hereto.


 


(c)       Defaulting
Lender Cure. If the Borrowers, the Administrative Agent and each Swing Line Lender agree in writing that a Lender is no longer a Defaulting
Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject
to any conditions set forth therein, that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of
the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and
unfunded participations in Swing Line Loans to be held pro rata by the Lenders in accordance with the Commitments under the applicable
Tranche, whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with
respect to fees accrued or payments made by or on behalf of the Borrowers while that Lender was a Defaulting Lender; and provided,
further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender
to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting
Lender.


 


ARTICLE III


 


TAXES, YIELD PROTECTION AND ILLEGALITY


 


Section 3.1 Taxes.


 


(a)       Subject
to the other provisions of this Section 3.1 and Section 9.15, any and all payments by any 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. If any Borrower shall be required by any Laws to deduct any Taxes or Other 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 3.1(a)), 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) such Borrower shall make such deductions, (iii) such 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, such 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 or other evidence of such payment.


 


(b)       In
addition, each Borrower agrees to pay to each appropriate Lender Other Taxes incurred by such Lender.


 




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(c)       Each
Borrower agrees to indemnify the Administrative Agent and each appropriate 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 3.1(c)) paid by the Administrative
Agent and such Lender and (ii) any liability (including additions to tax, penalties, interest and expenses) arising therefrom or with
respect thereto. Payment under this Section 3.1(c) shall be made within 15 days after the date the Lender or the Administrative
Agent makes a demand therefor.


 


(d)       In
the case of interest payments made by TKG, this Section 3.1 shall only apply to a Lender who is the legal and beneficial owner
of amounts received pursuant to this Agreement and has provided evidence to TKG: (i) that such Lender is a person (a corporate body or
an individual) which is, for taxation purposes, resident outside of the territory of (1) the Federal Republic of Germany and (2) a Non-Cooperative
Jurisdiction (as defined below), (ii) if such Lender is a partnership, that all direct and indirect partners of that partnership are persons
who are, for taxation purposes, resident outside of the territory of (1) the Federal Republic of Germany and (2) a Non-Cooperative Jurisdiction,
and does not hold any amounts received pursuant to this Agreement through a permanent establishment or a permanent representative in Germany
or (iii) that such Lender qualifies as a credit institution or financial institution within the meaning of the German Banking Act (Kreditwesengesetz).
“Non-Cooperative Jurisdiction” means any non-cooperative state or territory (nicht kooperatives Steuerhoheitsgebiet)
as set out in the regulation (as amended from time to time) referred to in Section 3 paragraph 1 of the German Tax Haven Act (Steueroasen-Abwehrgesetz).


 


(e)       TFSUK
is not required to pay additional amounts to a Lender (other than a new Lender pursuant to a request by a Borrower under Section
9.17) pursuant to Section 3.1 in respect of any Tax that is required by the United Kingdom to be withheld from a payment
of interest on a Loan made to TFSUK if at the time the payment falls due: (i) the relevant Lender is not a UK Qualifying Lender and
that Tax would not have been required to be withheld had that Lender been a UK Qualifying Lender unless the reason that that Lender
is not a UK Qualifying Lender is a change after the date on which it became a Lender under this Agreement in (or in the
interpretation, administration or application of) any law or double taxation agreement or any published practice or published
concession of any relevant Governmental Authority; (ii) the relevant Lender is a UK Qualifying Lender solely by virtue of (a)(ii) of
the definition of UK Qualifying Lender and (1) an officer of H.M. Revenue & Customs has given (and not revoked) a direction (a
“Direction”) under section 931 of the UK ITA which relates to the payment and that Lender has received from TFSUK
a certified copy of that Direction; and (2) that Tax would not have been required to be withheld had that Direction not been made;
(iii) the relevant Lender is a UK Qualifying Lender solely by virtue of (a)(ii) of the definition of UK Qualifying Lender and (1)
the relevant Lender has not given a UK Tax Confirmation to TFSUK; and (2) that Tax would not have been required to be withheld had
the Lender given a UK Tax Confirmation to TFSUK, on the basis that the UK Tax Confirmation would have enabled TFSUK to have formed a
reasonable belief that the payment was an “excepted payment” for the purpose of section 930 of the UK ITA; or (iv) the
relevant Lender is a UK Treaty Lender or a US LLC Lender and TFSUK is able to demonstrate that that Tax is required to be withheld
as a result of the failure of the relevant Lender to comply with its obligations under Section 9.15(a). Any Lender which is
a


 




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Lender in respect of a Loan to
TFSUK shall promptly notify the Administrative Agent and TFSUK if (i) it is not, or ceases to be, a UK Qualifying Lender, for whatever
reason, or (ii) it is a UK Qualifying Non-Bank Lender and there is any change in the position from that set out in the UK Tax Confirmation
it has given.


 


(f)       TFA
is not required to pay additional amounts to a Tranche A Lender or a Tranche C Lender pursuant to this Section 3.1 in respect
of any Tax that is required by the Commonwealth of Australia or any political sub-division thereof to be withheld or deducted from a
payment of interest on a Loan made to TFA if at the time the payment falls due (i) the relevant Tranche A Lender or the relevant
Tranche C Lender is an Offshore Associate of TFA, (ii) the payment could have been made to the relevant Tranche A Lender or the
relevant Tranche C Lender without any withholding or deduction in respect of such Tax if, before TFA makes a relevant payment, the
relevant Tranche A Lender or the relevant Tranche C Lender, or an entity acting on behalf of such Tranche A Lender or such Tranche C
Lender, provided TFA with any of its name, address, tax file number, (if applicable) an Australian business number, registration
number or similar details of any relevant tax exemption, or (iii) the withholding or deduction in respect of such Tax is in respect
to any withholding or deduction on account of TFA receiving a direction under section 255 of the Australian Tax Act or section 260-5
of Schedule 1 to the Taxation Administration Act 1953 of Australia or any similar law.


 


(g)       If
the Administrative Agent or a Lender shall become aware that it is entitled to claim a refund from a Governmental Authority in respect
of, or remission for, Taxes or Other Taxes as to which it has received additional amounts under this Section 3.1, such Administrative
Agent or Lender shall promptly notify the applicable Borrower and Agent (as applicable) of the availability of such claim and, to the
extent that the Lender or the Administrative Agent (as applicable) determines in good faith that making such claim will not have an adverse
effect on its taxes or business operation, shall, within 60 days of receipt of a request by such Borrower, make such claim. If the Administrative
Agent or Lender (acting in good faith) determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as
to which it has been indemnified by such Borrower or with respect to which such Borrower has paid amounts pursuant to this Section
3.1, it shall pay over the amount of such refund to such Borrower, net of all out-of-pocket expenses of the Administrative Agent or
such Lender (but amounts hereby recovered by the Borrower shall not exceed the indemnity payments made, or the amounts paid, as applicable,
by such Borrower under this Section 3.1) and without interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund or credit); provided, however, that such Borrower, upon the request of the Administrative Agent
or such Lender, agrees to repay the amount paid over to the Administrative Agent or such Lender in the event the Administrative Agent
or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph
(g), in no event will the Administrative Agent or any Lender be required to pay any amount to the Borrowers pursuant to this paragraph
(g) the payment of which would place the Administrative Agent or such Lender in a less favorable net after-Tax position than the Administrative
Agent or such Lender would have been in if the indemnification payments or additional amounts giving rise to such refund had never been
paid. This Section 3.1(g) shall not be construed to require the


 




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Administrative Agent or any Lender to make available
its tax returns (or any other information relating to its Taxes which it deems confidential) to any Borrower or any other Person.


 


(h)       The
agreements in this Section 3.1 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations.


 


Section 3.2 Illegality.


 


(a)       If
any Lender determines that any Regulatory Change has made it unlawful, or that any Governmental Authority has asserted that it is unlawful
as a result of such Regulatory Change, for any Lender or its applicable Lending Office to make, maintain or fund any Loans (other than
Base Rate Loans or Tranche C Loans), or to determine or charge interest rates based upon any Benchmark, then, on notice thereof by such
Lender to the applicable Borrower through the Administrative Agent as to such illegality), any obligation of such Lender to make or continue
Loans associated with such Benchmark or, in the case of Term Rate Loans in US Dollars, to convert Base Rate Committed Loans to Term Rate
Loans or, in the case of Tranche B Loans in Canadian Dollars, to convert Canadian Prime Rate Loans to Term Rate Loans, shall be suspended
until such Lender notifies the Administrative Agent and the applicable Borrower that the circumstances giving rise to such determination
no longer exist (and such Lender shall give such notice promptly upon receiving knowledge that such circumstances no longer exist). If
a Lender shall determine that it may not lawfully continue to maintain and fund any of its outstanding Loans (other than Base Rate Loans
or Tranche C Loans) to maturity and shall so specify in a notice pursuant to the preceding sentence, upon receipt of such notice, the
applicable Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), elect to either (i) promptly prepay
all such Loans of such Lender or (ii) immediately convert all such Loans of such Lender to Base Rate Loans in US Dollars in the amount
of the Dollar Equivalent. In the event such Loans are Term Loans, such prepayment or conversion will occur either on the last day of the
Interest Period therefor, if such Lender may lawfully continue to maintain such Term Rate Loans to such day, or promptly prepay or immediately
convert, if such Lender may not lawfully continue to maintain such Term Rate Loans. Upon any such prepayment or conversion, the applicable
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.


 


(b)       [Reserved.]


 


(c)       Notwithstanding
any other provision of this Agreement, if in respect of any Tranche C Loan made under this Agreement to the Tranche C Borrower, it becomes
unlawful or impossible (as a result of any Regulatory Change) in any jurisdiction for a Tranche C Lender to perform any of its obligations
as contemplated by this Agreement or to fund or maintain its participation in any Tranche C Loan:


 


		(i)	such Tranche C Lender shall forthwith notify the Australian Sub-Agent and the Tranche C Borrower;



 




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		(ii)	such Tranche C Lender’s obligations under this Agreement in respect to such Tranche C Loan are immediately
suspended for the duration of such illegality or other effect;



 


		(iii)	such Tranche C Lender may, by notice to the Australian Sub-Agent and the Tranche
C Borrower, cancel such Tranche C Lender’s available Tranche C Commitment with immediate effect;



 


		(iv)	without limiting Sections 3.2(c)(ii) and 3.2(c)(iii), such Tranche
C Lender shall consult and negotiate in good faith with the Tranche C Borrower for a period not exceeding 30 days with a view to determining
whether amendments can be made to this Agreement to enable all or a part of such Tranche C Loan to continue to be provided to the Tranche
C Borrower; and



 


		(v)	if no such amendments are agreeable to the Tranche C Borrower and such Tranche
C Lender and the illegality or other effect is continuing:



 


		(1)	such Lender or the Tranche C Borrower may notify the other party and the Australian
Sub-Agent that such Loan is to be terminated and, to the extent it has not already been so cancelled in accordance with Section 3.2(c)(iii),
such Lender’s available Tranche C Commitment will be cancelled as of the 90th day after the date such notice is delivered to the
other party; and



 


		(2)	the Tranche C Borrower shall repay such Loan, together with all accrued but unpaid
interest and other unpaid amounts owing in respect of such Loan, in full on:



 


		(A)	the later of the last day of the current Interest Period for such Loan and the
90th day after notice has been given in accordance with Section 3.2(c)(v)(1); or



 


		(B)	if earlier, the last day of any applicable grace period permitted by law.



 


Section 3.3 Inability
to Determine Rates. (a) (i) If, prior to the commencement of any Interest Period (or, in the case of any Benchmark that is not a Term
Rate, on any Business Day), the Administrative Agent determines (which determination shall be conclusive absent manifest error) that for
any reason (other than a Benchmark Transition Event) adequate and reasonable means do not exist for determining any Benchmark pursuant
to the definition thereof, the Administrative Agent will promptly so notify any affected Borrower and each Lender. Upon receipt of such
notice, (1) the applicable Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of any Loan at such
Benchmark or, failing that, will be deemed to have converted such request into a request for a Base Rate Loan in US Dollars in the amount
of the Dollar Equivalent, (2) any outstanding affected Term Rate Loans will be deemed to have been converted to a Base Rate Loan in US
Dollars in the amount of the Dollar


 




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Equivalent at the end of the applicable
Interest Period, (3) any outstanding affected Loans that are not Term Rate Loans will be deemed to have been converted immediately to
a Base Rate Loan in US Dollars in the amount of the Dollar Equivalent, and (iv) in the case of any such notice regarding any Benchmark
used as a component of Base Rate, such component will not be used in any determination of Base Rate Loans until such notice is revoked.


 


(ii) If,
prior to the commencement of any Interest Period, the applicable Required Lenders determine that as a result of a Regulatory Change, the
Term Rate for any requested currency and Interest Period with respect to a proposed Term Rate Loan or conversion to or continuation thereof
does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify
any affected Borrower and each Lender. Thereafter, (A) the obligation of the appropriate Lenders to make or maintain Term Rate Loans in
the affected currency or currencies and affected Interest Periods to such Borrower shall be suspended until the Administrative Agent (upon
the instruction of the applicable Required Lenders) revokes such notice (which revocation shall be made promptly upon such instruction
from the applicable Required Lenders) and (B) in the case of any such notice pursuant to clause (ii) of this Section 3.3(a) regarding
Term SOFR for an Interest Period of one- month, the Term SOFR component shall not be utilized in determining the Base Rate until such
notice is revoked. Upon receipt of such notice, the applicable Borrower may revoke any pending request for a Borrowing of, conversion
to or continuation of Term Rate Loans in the affected currency or currencies 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 or the Dollar Equivalent thereof in the event
of a Committed Borrowing denominated in an Alternative Currency.


 


(b)       If
the Australian Sub-Agent determines that, in relation to a Tranche C Loan for any Interest Period,


 


		(i)	at or about 1:00 p.m. (Sydney time) on the first day of the relevant Interest Period the Bank Bill Rate
is not available and none or only one of the Australian Reference Banks supplies a rate to the Australian Sub-Agent to determine the Bank
Bill Rate for the relevant currency and period (in which case each Tranche C Lender will be an “Affected Tranche C Lender”);
or



 


		(ii)	in relation to a Tranche C Loan for which the interest rate per annum was to have
been Bank Bill Rate, before 5:00 p.m. (Sydney time) on the Business Day after the first day of the relevant Interest Period, the Australian
Sub-Agent receives notifications from a Tranche C Lender or Tranche C Lenders whose participations in that Tranche C Loan exceed 50%
of that Tranche C Loan, that as a result of market circumstances not limited to it the cost to it of funding its participation in the
Tranche C Loan is or would be in excess of Bank Bill Rate (in which case an “Affected Tranche C Lender” will be each
Tranche C Lender which gives such a notification).



 




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then it shall promptly notify the
Tranche C Borrower and the Tranche C Lenders, and the rate of interest on each Affected Tranche C Lender’s participation in that
Tranche C Loan for the Interest Period shall be the rate per annum which is the sum of:


 


		(x)	the Applicable Rate; and



 


		(y)	the rate notified to the Australian Sub-Agent by that Affected Tranche C Lender as soon as practicable
and in any event no later than the Business Day before interest is due to be paid in respect of that Interest Period, to be that which
expresses as a percentage rate per annum the cost to that Affected Tranche C Lender of funding its participation in that Tranche C Loan
from whatever source or sources it may reasonably select.



 


Each Affected Tranche C Lender
shall determine the rate notified by it under sub-paragraph (b)(y) above in good faith. The rate so notified and any other notification
under this Section 3.3(b) will be conclusive and binding on the parties in the absence of manifest error.


 


Section 3.4
Increased Cost and Reduced Return; Capital Adequacy; Reserves on Term Rate Loans.


 


(a)       (i)
If in the case of Term Rate Loans, any Lender determines that as a result of the introduction of any regulation issued by the Federal
Reserve Board for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement)
with respect to eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D) after the date
such Lender becomes a party to this Agreement, there shall be an increase in the cost to such Lender of agreeing to make or making, continuing,
converting to, funding or maintaining Term Rate Loans or a reduction in the amount received or receivable by such Lender in connection
with any Term Rate Loan, or


 


(ii) if
in the case of Term Rate Loans or Tranche C Loans, any Lender determines that as a result of a Regulatory Change, there shall be a material
increase in the cost to such Lender of agreeing to make or making, continuing, converting to, funding or maintaining Term Rate Loans or
Tranche C Loans or a reduction in the amount received or receivable by such Lender in connection with any Term Rate Loan or Tranche C
Loan,


 


then from time
to time within 15 days of demand by such Lender setting forth the amount or amounts necessary to compensate such Lender, together with
a reasonable basis therefor (with a copy of such demand to the Administrative Agent), subject to Section 3.4(c), the applicable
Borrower shall pay to such Lender such additional amounts as are sufficient to compensate such Lender for such increased cost incurred
or reduction suffered.


 


(b)       If
any Lender determines that the introduction of any Law after the date such Lender becomes a party to this Agreement regarding capital
adequacy or liquidity or any change therein or in the interpretation thereof, or compliance by such Lender (or its Lending Office) therewith
or as a result of any Regulatory Change, has the effect of materially reducing the rate of return on the capital of, or imposing material
additional costs associated with liquidity


 




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requirements imposed by the Bank
for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States
financial regulatory authorities on, such Lender or any corporation controlling such Lender as a direct consequence of such Lender’s
obligations hereunder, then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), subject
to Section 3.4(c), the applicable Borrower shall pay within 15 days of demand by such Lender such additional amounts as are sufficient
to compensate such Lender for such reduction suffered.


 


(c)       Promptly
after receipt of knowledge of any Regulatory Change or other event that will entitle any Lender to compensation under this Section
3.4, such Lender shall give notice thereof to the applicable Borrower and the Administrative Agent certifying the basis for such request
for compensation in accordance with Section 3.6(a) and shall (i) exercise reasonable efforts (consistent with its internal policy
and legal and regulatory restrictions) to minimize any such increased cost and (ii) designate a different Lending Office if such designation
will avoid, or reduce the amount of, compensation payable under this Section 3.4 and will not, in the good faith judgment of such
Lender, otherwise be materially disadvantageous to such Lender. Notwithstanding anything in Sections 3.4(a) or 3.4(b) to
the contrary, no Borrower shall be obligated to compensate any Lender for any amount arising or accruing before 90 days prior to the date
on which such Lender gives notice to such Borrower and the Administrative Agent under this Section 3.4(c) (except that, if the
Regulatory Change or other event giving rise to such increased costs or reductions is retroactive, then the 90-day period referred to
above shall be extended to include the period of retroactive effect thereof).


 


(d)       Notwithstanding
anything to the contrary contained in this Agreement, (i) this Section 3.4 shall not apply to taxes, and (ii) all indemnification
(including with respect to increased costs and reduction in amounts received) relating to or attributable to taxes shall be governed solely
and exclusively by Section 3.1.


 


(e)       The
agreements in this Section 3.4 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations.


 


(f)       Notwithstanding
any other provision in this Section 3.4, no Lender shall demand compensation for any increased cost pursuant to this Section
3.4 if it shall not at the time be the general policy or practice of such Lender to demand such compensation in similar circumstances
under comparable provisions of other credit agreements; provided that no Lender shall be required to disclose any confidential
or proprietary information in respect of such demand.


 


Section 3.5
Funding Losses. Within 15 days after delivery of the certificate described in Section 3.6(a) by any Lender (with a copy
to the Administrative Agent) from time to time, each 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 each of the following (except to the extent incurred by any Lender as a result
of any action taken pursuant to Section 3.2):


 




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(a)       any
continuation, conversion, payment or prepayment of any Term Rate Loan or Tranche C Loan made to such Borrower 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);


 


(b)       any
failure by such Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any
Term Rate Loan or Tranche C Loan on the date or in the amount notified by such Borrower;


 


(c)       any
failure by any Borrower to make payment of any Loan denominated in an Alternative Currency or Australian Dollars on its scheduled due
date or any payment thereof in a different currency; or


 


(d)       any
assignment of a Term Rate Loan or Tranche C Loans on a day other than the last day of the Interest Period therefor as a result of a
request by such Borrower pursuant to Section 9.17;


 


including any foreign exchange loss 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 but excluding loss of anticipated profits or margin for the period after which any such payment or
failure to convert, borrow or prepay. The applicable Borrower shall also pay any customary administrative fees charged by such
Lender in connection with the foregoing.


 


The agreements in this Section
3.5 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations.


 


Section 3.6 Matters Applicable to all Requests for Compensation.


 


(a)       A
certificate of the Administrative Agent or any Lender claiming compensation under this Article III and setting forth in reasonable
detail the additional amount or amounts to be paid to it hereunder shall be conclusive and binding upon all parties hereto in the absence
of manifest error. In determining such amount, the Administrative Agent or such Lender may use any reasonable averaging and attribution
methods.


 


(b)       If
(i) the obligation of any Lender to make any Loan associated with any Benchmark shall be suspended pursuant to Section 3.2 or (ii)
any Lender has demanded compensation under Section 3.1 or Section 3.4 the applicable Borrower may give notice to such Lender
through the Administrative Agent that, unless and until such Lender notifies such Borrower that the circumstances giving rise to such
suspension or demand for compensation no longer exist, effective 5 Business Days after the date of such notice from such Borrower (A)
all Loans associated with such Benchmark which would otherwise be made by such Lender shall be made instead as Base Rate Loans (on which
interest and principal shall be payable contemporaneously with the related Loans associated with such Benchmark of the other Lenders),
and (B) after each of such Lender’s Loans associated with such Benchmark has been


 




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repaid, all payments of principal which would otherwise be
applied to such Loans shall be applied to repay such Lender’s Base Rate Loans instead.


 


(c)       If
any Lender makes a claim for compensation or other payment under Section 3.1 or Section 3.4 or if any Lender determines
that it is unlawful or impermissible for it to make, maintain or fund Loans associated with any Benchmark pursuant to Section 3.2,
the applicable Borrower may replace such Lender in accordance with Section 9.17.


 


(d)       Prior
to giving notice pursuant to Section 3.2 or to demanding compensation or other payment pursuant to Section 3.1 or Section
3.4, each Lender shall consult with the applicable Borrower and the Administrative Agent with reference to the circumstances giving
rise thereto; provided that nothing in this Section 3.6(d) shall limit the right of any Lender to require full performance
by such Borrower of its obligations under such Sections.


 


Section 3.7 Public Offer.


 


(a)       In
relation to Tranche A and Tranche C, BNP Paribas undertakes, represents and warrants to TFA as follows:


 


(i)       on
behalf of TFA it has made, or it will make before the 30th day after the date of this Agreement, invitations to become a Tranche
A Lender and invitations to become a Tranche C Lender under this Agreement, either:


 


(A)       in
the form agreed with TFA to at least ten parties, each of whom, as at the date the relevant invitation is made, BNP Paribas’s relevant
officers involved in the transaction on a day to day basis believe carries on the business of providing finance or investing or dealing
in securities in the course of operating in financial markets, for the purposes of Section 128F(3A)(a)(i) of the Australian Tax Act, and
each of whom has been disclosed to TFA; or


 


(B)       in
an electronic form that is used by financial markets for dealing in debentures (as defined in Section 128F(9) of the Australian Tax Act)
or debt interests (as defined in Sections 974-15 and 974-20 of the Income Tax Assessment Act 1997) such as Reuters or Bloomberg;


 


(ii)       at
least ten of the parties to whom BNP Paribas has made or will make invitations referred to in paragraph (i)(A) are not, as at the date
the invitations are made, to the knowledge of the relevant officers of BNP Paribas involved in the transaction, associates (as defined
in section 128F(9) of the Australian Tax Act) of any of the others of those ten offerees; and


 


(iii)       it
has not made and will not make offers or invitations referred to in paragraph (i)(A) to parties whom its relevant officers involved in
the transaction on a day to day basis are aware are Offshore Associates of TFA.


 




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(b)       TFA
confirms that none of the potential offerees whose names were disclosed to it by BNP Paribas before the date of this Agreement were known
or suspected by it to be an Offshore Associate of TFA.


 


(c)       Each
Tranche A Lender and each Tranche C Lender represents and warrants to TFA that at the time it received the invitation it was carrying
on a business of providing finance, or investing or dealing in securities, in the course of operating in financial markets.


 


(d)       BNP
Paribas and each Lender will provide to TFA when reasonably requested by TFA any factual information in its possession or which it is
reasonably able to provide to assist TFA to demonstrate that section 128F of the Australian Tax Act has been satisfied where to do so
will not in BNP Paribas’s or such Lender’s reasonable opinion breach any law or regulation or any duty of confidence.


 


(e)       If,
for any reason, the requirements of section 128F of the Australian Tax Act have not been satisfied in relation to interest payable on
a Tranche A Loan or a Tranche C Loan (except to an Offshore Associate of TFA), then on request by the Administrative Agent or TFA, each
party shall cooperate and take steps reasonably requested with a view to satisfying those requirements:


 


(i)       where
a party breached Section 3.7(a) or Section 3.7(c), at the cost of that party; or


 


(ii)       in
all other cases, at the cost of TFA.


 


Section 3.8 Reference Rate Replacement.


 


Notwithstanding anything to the contrary herein or in any
other Loan Document:


 


(a)       Upon
the occurrence of a Benchmark Transition Event as to any Benchmark, the applicable Benchmark Replacement will replace the applicable then-current
Benchmark for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark at or after 4:00 p.m. (Central
time) on the fifth Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to,
or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has
not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders.
At any time that the administrator of the applicable then-current Benchmark has permanently or indefinitely ceased to provide such
Benchmark or such Benchmark has been announced by the regulatory supervisor for the administrator of such Benchmark pursuant to public
statement or publication of information to be no longer representative of the underlying market and economic reality that such Benchmark
is intended to measure and that representativeness will not be restored, any Borrower may revoke any request made by such Borrower for
a borrowing of, conversion to or continuation of Loans to be made, converted or continued that would bear interest by reference to such
Benchmark until such Borrower’s receipt of notice from the Administrative Agent that a


 




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Benchmark Replacement has replaced
such Benchmark, and, failing that, such Borrower will be deemed to have converted any such request into a request for a borrowing of or
conversion to Base Rate Loans in US Dollars in the amount of the Dollar Equivalent. During the period referenced in the foregoing sentence,
the component of Base Rate based upon such Benchmark (if any) will not be used in any determination of Base Rate Loans.


 


(b)       In
connection with the implementation and administration of a Benchmark Replacement, the Administrative Agent, with the consent of TMCC,
will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other
Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any
other party to this Agreement.


 


(c)       The
Administrative Agent will promptly notify the Borrowers and the Lenders of (i) the implementation of any Benchmark Replacement and
(ii) the effectiveness of any Conforming Changes. The Administrative Agent will promptly notify the Borrower of the removal or
reinstatement of any tenor of a Benchmark pursuant to Section 3.8(d). Any determination, decision or election that may be
made by the Administrative Agent, TMCC or, if applicable, any Lender (or group of Lenders) pursuant to this Section 3.8,
including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event,
circumstance or date and any decision to take or refrain from taking any action, will be conclusive and binding absent manifest
error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as
expressly required pursuant to this Section 3.8.


 


(d)       At
any time (including in connection with the implementation of a Benchmark Replacement), (i) if the applicable then-current Benchmark is
a term rate (including Term SOFR, CDOR or EURIBOR), then the Administrative Agent may remove any tenor of such Benchmark that is unavailable
or non-representative for the applicable Benchmark (including applicable Benchmark Replacement) settings and (ii) the Administrative Agent
may reinstate any such previously removed tenor for the applicable Benchmark (including applicable Benchmark Replacement) settings.


 


(e)       As used
in this Section 3.8:


 


“Available
Tenor” means, as of any date of determination and with respect to the applicable then-current Benchmark, as applicable, (i)
if the applicable then-current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length
of an Interest Period or (ii) otherwise, any payment period for interest calculated with reference to such Benchmark, as applicable, pursuant
to this Agreement as of such date.


 


“Benchmark”
means for (i) for Term Rate Loans made in US Dollars, Term SOFR, (ii) for Swing Line Loans made in US Dollars, Daily Simple SOFR, (iii)
for Term Rate Loans made in Euro, EURIBOR, (iv) for Swing Line Loans made in Euro, €STR, (v) for Term Rate Loans made in Canadian
Dollars, CDOR, (vi) for Canadian Prime Rate Loans and Swing Line Loans made in Canadian Dollars, Canadian Prime Rate, and (vii) for SONIA
Loans, Daily Simple SONIA; provided that if a Benchmark Transition Event has occurred with respect to any initial


 




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Benchmark or any then-current
Benchmark, then “Benchmark” means the applicable Benchmark Replacement for such initial or then-current Benchmark to the extent
that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 3.8(a). Any reference to “Benchmark”
shall include, as applicable, the published component used in the calculation thereof.


 


“Benchmark Replacement” means, for any
Available Tenor:


 


(i)       for
Term SOFR, the first alternative set forth below that can be determined by the Administrative Agent:


 


(1)       Daily
Simple SOFR, and


 


(2)       the
sum of (A) the alternate benchmark rate and (B) an adjustment (which may be a positive or negative value or zero), in each case, that
has been selected by the Administrative Agent and TMCC as the replacement for such Available Tenor of such Benchmark giving due consideration
to any evolving or then-prevailing market convention, including any applicable recommendations made by the Relevant Governmental Body,
for US Dollar-denominated syndicated credit facilities at such time;


 


(ii)       for
all other Benchmarks, the sum of (1) the alternate benchmark rate and (2) an adjustment (which may be a positive or negative value
or zero), in each case, that has been selected by the Administrative Agent and TMCC as the replacement for such Available Tenor of
such Benchmark giving due consideration to any evolving or then-prevailing market convention, including any applicable
recommendations made by the Relevant Governmental Body, for the applicable currency-denominated syndicated credit facilities at such
time;


 


provided that, if the applicable Benchmark Replacement
as determined pursuant to clause (i) or (ii) above would be less zero%, the Benchmark Replacement will be deemed to be zero% for the
purposes of this Agreement and the other Loan Documents.


 


“Benchmark
Transition Event” means, with respect to any then-current Benchmark, the occurrence of a public statement or publication of
information by or on behalf of the administrator of the then-current Benchmark, the regulatory supervisor for the administrator of such
Benchmark, the Relevant Governmental Body, an insolvency official with jurisdiction over the administrator for such Benchmark, a resolution
authority with jurisdiction over the administrator for such Benchmark or a court or an entity with similar insolvency or resolution authority
over the administrator for such Benchmark, announcing or stating that (i) such administrator (x) has ceased or (y) will cease on a specified
date, to provide all Available Tenors of such Benchmark, permanently or indefinitely, provided that, at the time of such statement
or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark or (ii) all Available
Tenors of such Benchmark (x) are or (y) will, no longer be representative of the underlying market and economic reality that such Benchmark
is intended to measure and that representativeness will not be restored; provided that in the case of an


 




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announcement that has prospective
effect (as designated in clauses (i)(y) and (ii)(y)), a “Benchmark Transition Event” shall be deemed to be postponed until
such date as is agreed by the Administrative Agent and TMCC.


 


“Relevant
Governmental Body” means (i) with respect to a Benchmark Replacement in respect of Loans denominated in US Dollars, the FRB
and/or the Federal Reserve Bank of New York, the SOFR Administrator or Term SOFR Administrator, as applicable, or a committee officially
endorsed or convened by the FRB and/or the Federal Reserve Bank of New York or, in each case, any successor thereto, (ii) with respect
to a Benchmark Replacement in respect of Loans denominated in Sterling, the Bank of England, or a committee officially endorsed or convened
by the Bank of England or, in each case, any successor thereto, (iii) with respect to a Benchmark Replacement in respect of Loans denominated
in Euros, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any
successor thereto and (iv) with respect to a Benchmark Replacement in respect of Loans denominated in any other currency, (1) the central
bank for the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible
for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (2) any working group
or committee officially endorsed or convened by (A) the central bank for the currency in which such Benchmark Replacement is denominated,
(B) any central bank or other supervisor that is responsible for supervising either


(x) such Benchmark Replacement
or (y) the administrator of such Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial Stability
Board or any part thereof.


 


ARTICLE
IV


 


CONDITIONS


 


Section 4.1
Effectiveness. This Agreement shall become effective, and the commitments under each Existing Credit Facility shall be automatically
terminated, on the date that each of the following conditions shall have been satisfied:


 


(a)       Receipt
by the Administrative Agent of the following, each of which shall be originals or facsimiles unless otherwise specified, each properly
executed by a Responsible Officer of the applicable Borrower, 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 and its legal
counsel:


 


(i)       executed
counterparts of this Agreement;


 


(ii)       a
Note executed by each Borrower in favor of each Lender requesting a Note provided such request is received by the relevant Borrower not
later than five Business Days prior to the Closing Date;


 


(iii)       such
certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Borrower
as the Administrative


 




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Agent may require evidencing the
identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this
Agreement and the other Loan Documents;


 


(iv)       such
documents and certifications as the Administrative Agent may reasonably require to evidence that each Borrower is duly organized or formed,
and that such Borrower is validly existing, in good standing and qualified to engage in business, in its jurisdiction of organization;


 


(v)       a
favorable opinion of Eversheds Sutherland (US) LLP, counsel to TMCC, addressed to the Administrative Agent and each Lender;


 


(vi)      a
favorable opinion of Pietrantoni Méndez & Alvarez LLP, counsel to TCPR, addressed to the Administrative Agent and each Lender;


 


(vii)     a
favorable opinion of Stikeman Elliott LLP, counsel to TCCI, addressed to the Administrative Agent and each Lender;


 


(viii)    favorable
opinions of Freshfields Bruckhaus Deringer LLP, counsel to TMFNL and TFSUK and of Freshfields Bruckhaus Deringer Rechtsanwälte Steuerberater
PartG mbB, counsel to TKG, in each case addressed to the Administrative Agent and each Lender;


 


(ix)       a
favorable opinion of King & Wood Mallesons, counsel to TFA, addressed to the Administrative Agent and each Lender;


 


(x)       on
the Closing Date, the following statements shall be true and the Administrative Agent shall have received for the account of each Lender
a certificate of a Responsible Officer of each Borrower, stating that:


 


		(A)	the representations and warranties contained in Article V hereof are correct on and as of the
Closing Date; and



 


		(B)	no event has occurred and is continuing that constitutes a Default; and



 


(xi)       such
other assurances, certificates, documents or consents as the Administrative Agent, the Swing Line Lenders or the applicable Required Lenders
reasonably may require.


 


(b)       Any
fees required to be paid pursuant to the Fee Letters on or before the Closing Date shall have been paid.


 


(c)       The
Borrowers shall have paid in full all indebtedness, interest, fees and other amounts outstanding under the Existing Credit Facilities
and the Existing Credit Facilities shall have been terminated. Each of the Lenders that is a party to any of the Existing Credit Facilities


 




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hereby waives, upon execution of this Agreement, any
applicable requirement of prior notice under such credit agreement relating to the termination of commitments thereunder.


 


(d)       Each
Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall deliver, to each Lender
that so requests, a Beneficial Ownership Certification in relation to such Borrower.


 


Without limiting
the generality of the provisions of Section 8.3, for purposes of determining compliance with the conditions specified in this Section
4.1, 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.


 


Section 4.2
Conditions to all Loans. The obligation of each Lender to honor any Request for Loans (other than a Committed Loan Notice requesting
only a conversion of Committed Loans or a continuation of Term Rate Loans or Tranche C Loans) made by any Borrower is subject to the following
conditions precedent:


 


(a)       The
representations and warranties of such Borrower contained in Article V (except for the representations and warranties set forth
in Section 5.4(b), 5.5(a) or 5.8(b), the accuracy of which it is expressly agreed shall not be a condition to making
Loans) shall be true and correct in all material respects on and as of the date of such Loan, except (A) 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, (B) for purposes of this Section 4.2, the representations and warranties contained in Section 5.4(a) shall
be deemed to refer to the most recent statements furnished from time to time pursuant to Section 6.1(a) and (C) the representations
and warranties contained in Section 5.1(c), Section 5.2(ii) and (iii) and Section 5.6 shall be true and correct in
all respects.


 


(b)       No
Default with respect to such Borrower shall exist, or would result from such proposed Loan.


 


(c)       The
Applicable Agent or appropriate Swing Line Agent, as applicable, shall have received a Request for Loans in accordance with the requirements
hereof.


 


Each Request
for Loans (other than a Committed Loan Notice requesting only a conversion of Committed Loans or a continuation of Term Rate Loans or
Tranche C Loans) submitted by any Borrower shall be deemed to be a representation and warranty by such Borrower that the conditions specified
in Sections 4.2(a) and (b) have been satisfied on and as of the date of the applicable Loans.


 




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ARTICLE V


 


REPRESENTATIONS
AND WARRANTIES


 


Each Borrower
represents and warrants to the Administrative Agent and the Lenders, as to itself only and not as to any other Borrower, that:


 


Section 5.1
Corporate Existence and Power. Such Borrower (a) is duly organized, validly existing and in good standing under the Laws of its
jurisdiction of organization, (b) has all organizational powers to execute, deliver and perform its obligations under the Loan Documents
to which it is a party and (c) is qualified to carry on its business as now conducted under the Laws of each jurisdiction where the conduct
of its business requires such qualification; except in the case referred to in clause (c), to the extent that failure to do so would not
reasonably be expected to have a Material Adverse Effect with respect to such Borrower.


 


Section 5.2
Corporate and Governmental Authorization: No Contravention. The execution, delivery and performance by such Borrower of this Agreement
and each other Loan Document are within such Borrower’s organizational powers, have been duly authorized by all necessary organizational
action, require no action by or in respect of, or filing with, any Governmental Authority except such as have been obtained and do not
contravene, or constitute a default under, (i) any provision of the Organization Documents of such Borrower, (ii) any provision of applicable
Law or (iii) any provision of any agreement, judgment, injunction, order, decree or other instrument binding upon such Borrower or any
of its Subsidiaries, and in each case referred to in clauses (ii) and (iii), where such contravention or default, individually or in the
aggregate, would be reasonably likely to have a Material Adverse Effect with respect to such Borrower.


 


Section 5.3
Binding Effect. This Agreement constitutes a valid and binding agreement of such Borrower and each other Loan Document, when executed
and delivered by such Borrower in accordance with this Agreement, will constitute a valid and binding obligation of such Borrower, in
each case enforceable in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or
similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.


 


Section 5.4 Financial Statements.


 


(a)       The
Audited Financial Statements applicable to such Borrower (i) were prepared in accordance with GAAP consistently applied throughout the
period covered thereby, except as otherwise expressly noted therein and (ii) fairly present in all material respects (A) in the case of
TMCC, the consolidated financial position of TMCC and its Consolidated Subsidiaries as of such date and their consolidated results of
operations and cash flow for such fiscal year, (B) in the case of TFSUK, the consolidated financial position of TFSUK and its Consolidated
Subsidiaries as of such date and their consolidated results of operations for such fiscal year, (C) in the case of TKG, the consolidated
financial position of TKG and its Consolidated Subsidiaries as of such date and their consolidated results of operations for such fiscal
year, (D) in the case of TFA, the consolidated financial position of TFA and its Consolidated Subsidiaries as of such


 




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date and their consolidated results
of operations for such fiscal year and (E) in the case of each other Borrower, the financial position of such Borrower as of such date
and its results of operations and cash flow for such fiscal year.


 


(b)       Except
as publicly disclosed or disclosed by a Borrower to the Lenders prior to the date hereof, since the date of the Audited Financial Statements,
there has been no material adverse change in the business, financial position or results of operations of such Borrower and its Consolidated
Subsidiaries, considered as a whole.


 


Section 5.5
Litigation. There is no action, suit or proceeding pending against, or to the knowledge of such Borrower threatened against or
affecting, such Borrower or any of its Subsidiaries before any court, arbiter, or Governmental Authority (a) in which there is a reasonable
likelihood of an adverse decision which would have a Material Adverse Effect with respect to such Borrower, or (b) which contests the
validity of this Agreement or any Loan Document.


 


Section 5.6
Taxes. Such Borrower has paid or caused to be paid duly and within any appropriate time limits all material taxes, except (a) any
tax that is being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided
in accordance with GAAP or (b) to the extent that the failure to do so would not reasonably be expected to result in a Material Adverse
Effect.


 


Section 5.7
Not an Investment Company. Such Borrower is not an “investment company” within the meaning of the Investment Company
Act of 1940, as amended.


 


Section 5.8
Disclosure. (a) All written information heretofore furnished by such Borrower to the Administrative Agent or any Lender for purposes
of or in connection with this Agreement or any transaction contemplated hereby is, and all such written information hereafter furnished
by such Borrower to the Administrative Agent or any Lender, taken as a whole, will be true and accurate in every material respect, on
the date as of which such information is delivered or certified; provided that, with respect to projected financial information,
such Borrower represents only that such information was prepared in good faith based upon assumptions believed by it to be reasonable
at the time of preparation (it being understood that projections are not to be viewed as facts and that actual results may differ significantly
from such projections).


 


(b)       As
of the Closing Date, the information included in any Beneficial Ownership Certification provided by such Borrower to any Lender in connection
with this Agreement is true and accurate in every material respect.


 


Section 5.9 Representations
as to Non-US Obligors. Each of TMFNL, TFSUK, TCCI, TKG and TFA (each, a “Non-US Obligor”) additionally represents
and warrants to the Administrative Agent and the Lenders that:


 


(a)       Such
Non-US Obligor is subject to Laws with respect to its obligations under this Agreement and the other Loan Documents to which it is a party
(collectively as to such Non-US Obligor, the “Applicable Non-US Obligor Documents”), and the


 




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execution, delivery and performance
by such Non-US Obligor of the Applicable Non-US Obligor Documents constitute and will constitute private and commercial acts and not public
or governmental acts. Neither such Non-US Obligor nor any of its property has any immunity from jurisdiction of any court or from any
legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise)
under the laws of the jurisdiction in which such Non-US Obligor is organized and existing in respect of its obligations under the Applicable
Non-US Obligor Documents.


 


(b)       The
Applicable Non-US Obligor Documents are in proper legal form under the Laws of the jurisdiction in which such Non-US Obligor is organized
and existing for the enforcement thereof against such Non-US Obligor under the Laws of such jurisdiction, and to ensure the legality,
validity, enforceability, priority or admissibility in evidence of the Applicable Non-US Obligor Documents. It is not necessary to ensure
the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Non-US Obligor Documents that the Applicable
Non-US Obligor Documents be filed, registered or recorded with, or executed or notarized before, any court or other authority in the jurisdiction
in which such Non-US Obligor is organized and existing or that any registration charge or stamp or similar tax be paid on or in respect
of the Applicable Non-US Obligor Documents or any other document, except for (i) any such filing, registration, recording, execution or
notarization as has been made or is not required to be made until the Applicable Non-US Obligor Document or any other document is sought
to be enforced and (ii) any charge or tax as has been timely paid.


 


(c)       There
are no Other Taxes imposed by any Governmental Authority in or of the jurisdiction in which such Non-US Obligor is organized and existing
on or by virtue of the execution or delivery of the Applicable Non-US Obligor Documents.


 


(d)       The
execution, delivery and performance of the Applicable Non-US Obligor Documents executed by such Non-US Obligor are, under applicable foreign
exchange control regulations of the jurisdiction in which such Non-US Obligor is organized and existing, not subject to any notification
or authorization except (i) such as have been made or obtained or (ii) such as cannot be made or obtained until a later date (provided
that any notification or authorization described in clause (ii) shall be made or obtained as soon as is reasonably practicable).


 


Section 5.10
Representations as to TCPR. TCPR additionally represents and warrants to the Administrative Agent and each Lender that it does
not own directly or indirectly in accordance with the attribution rules of Section 1092.01(a)(3)(B) of the Puerto Rico Code fifty percent
(50%) or more of the value of the stock of any Lender.


 


Section 5.11
Sanctions. Such Borrower is not currently the subject of any Sanctions, nor, to the knowledge of such Borrower, is any director,
officer or employee of such Borrower currently the subject of any Sanctions applicable to such Borrower.


 




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The representation
and warranty given in this Section 5.11 shall not be made by nor apply to any Borrower that qualifies as a resident party domiciled
in the Federal Republic of Germany (Inländer) within the meaning of Sect. 2 paragraph 15 German Foreign Trade Act (Außenwirtschaftsgesetz)
in so far as it would result in a violation of or conflict with Sect. 7 German Foreign Trade Regulation (Außenwirtschaftsverordnung),
any provision of Council Regulation (EC) 2271/96 or any other anti-boycott statute.


 


The representation
and warranty given in this Section 5.11 shall not be made by nor apply to TCCI only in so far as it would result in a violation
of or conflict with the Foreign Extraterritorial Measures Act (Canada) (together with all amendments, supplements and replacements thereof
from time to time is herein referred to as “FEMA”), the Foreign Extraterritorial Measures (United States) Order 1992
made under the authority of FEMA, together with all amendments, supplements and replacements thereof from time to time, and any other
orders issued under FEMA.


 


It is acknowledged
and agreed that the representation and warranty given in this Section 5.11 is only sought and given to the extent that to do so
would be permissible pursuant to any applicable anti-boycott statute such as (i) Regulation (EC) 2271/96 (including as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018) and/or (ii) any associated and applicable national
law, instrument or regulation in the European Union or the United Kingdom related thereto and/or (iii) any similar law, instrument or
regulation.


 


Section 5.12
Compliance Policies. Each Borrower has implemented and maintains in effect corporate policies reasonably designed to promote compliance
by such Borrower, its Subsidiaries and their respective employees with Anti-Corruption Laws applicable to such Borrower and with applicable
Sanctions applicable to such Borrower.


 


Section 5.13
Business Locations. No Borrower nor any Subsidiary of a Borrower has a physical place of business or is organized or resident in
Cuba, Iran, North Korea, Syria or Crimea.


 


ARTICLE VI


 


COVENANTS


 


Each Borrower
agrees that, so long as any Lender has any Commitment hereunder to such Borrower or any Loan or any Obligation of such Borrower hereunder
shall remain unpaid or unsatisfied:


 


Section 6.1
Information. Such Borrower will deliver to the Administrative Agent and each of the Lenders:


 


(a)       as
soon as available and in any event within 180 days after the end of each fiscal year of such Borrower, a consolidated balance sheet or
statement of financial position of such Borrower and its Consolidated Subsidiaries as of the end of such fiscal year and the related


 




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consolidated statements of income
(or comprehensive income) and cash flows for such fiscal year (to the extent that such Borrower is required to prepare statements of cash
flows in accordance with GAAP), setting forth in each case in comparative form the figures for the previous fiscal year, all reported
on by independent public accountants of nationally recognized standing;


 


(b)       as
soon as available and in any event within 60 days after the end of each of the first three quarters of each fiscal year of such Borrower,
a consolidated balance sheet of such Borrower and its Consolidated Subsidiaries as of the end of such quarter and the related consolidated
statements of income and cash flows for such quarter and for the portion of such Borrower’s fiscal year ended at the end of such
quarter setting forth in the case of such statements of income and cash flow in comparative form the figures for the corresponding quarter
and the corresponding portion of such Borrower’s fiscal year; provided, however, that no Borrower other than TMCC
and TCPR shall be required to provide financial information under this subsection (b);


 


(c)       within
ten days after any Principal Officer of such Borrower obtains knowledge of any Default in respect of such Borrower, if such Default is
then continuing, a certificate of a Principal Officer of such Borrower setting forth the details thereof and the action which such Borrower
is taking or proposes to take with respect thereto;


 


(d)       [reserved];


 


(e)       from
time to time such additional information regarding the financial position or business of such Borrower and its Subsidiaries as the Administrative
Agent, at the request of any Lender, may reasonably request.


 


Documents
required to be delivered pursuant to Section 6.1(a) or (b) may be delivered electronically and, if delivered as
described below, shall be deemed to have been delivered on the earlier of the date (i) on which such Borrower posts such documents,
or provides a link thereto on such Borrower’s website on the Internet at the website address listed on Schedule 9.2;
(ii) on which such documents are posted on the Securities and Exchange Commission’s website (www.sec.gov) or on the website
for the London Stock Exchange (www.londonstockexchange.com); or (iii) on which such documents are posted on such Borrower’s
behalf on any website to which each Lender and the Administrative Agent have access (whether a commercial, third-party website such
as IntraLinks or DebtDomain or whether sponsored by the Administrative Agent); provided that (x) such Borrower shall deliver
electronic copies of such documents to the Administrative Agent if any Lender requests such Borrower to deliver such copies, each
time such request is made and (y) in the case of clause (i), such Borrower shall notify (which may be by facsimile or electronic
mail) the Administrative Agent, which shall notify the Lenders, of the posting of any such documents. The Administrative Agent shall
have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no
responsibility to monitor compliance by any 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.


 




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Each
Borrower hereby acknowledges that (a) the Administrative Agent, the Sub-Agents and the Arrangers will make available to the Lenders
materials and/or information provided by or on behalf of such Borrower hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do
not wish to receive material non-public information with respect to any of the Borrowers or their respective Affiliates, or the
respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect
to such Persons’ securities. The Administrative Agent, the Sub-Agents, the Arrangers and each Borrower hereby agree that (v)
no Borrower Materials shall be made available to Public Lenders unless such Borrower has clearly and conspicuously marked such
Borrower Materials “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently
on the first page thereof; (w) by marking Borrower Materials “PUBLIC,” the Borrowers shall be deemed to have authorized
the Administrative Agent, the Sub-Agents, the Arrangers and the Lenders to treat such Borrower Materials as not containing any
material non-public information with respect to the Borrowers or their respective securities for purposes of United States Federal
and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they
shall be treated as set forth in Section 9.8); (x) all Borrower Materials marked “PUBLIC” are permitted to be
made available through a portion of the Platform designated “Public Investor”; (y) the Administrative Agent, the
Sub-Agents and the Arrangers shall treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for
posting on a portion of the Platform not designated “Public Investor” and (z) no personal identifiable information or
personal data, including any Beneficial Ownership Certification, shall be made available, posted to or transmitted through any
Platform.


 


Section 6.2 [Reserved].


 


Section 6.3
Preservation and Maintenance of Corporate Existence. Such Borrower will preserve, renew and keep in full force and effect, and
will cause each Significant Subsidiary to preserve, renew and keep in full force and effect, their respective corporate existence and
their respective rights, privileges and franchises necessary or desirable in the normal conduct of business; provided that neither
such Borrower nor any of its Significant Subsidiaries shall be required to preserve any right, privilege or franchise to the extent the
non-preservation of such right, privilege or franchise would not reasonably be expected to have a Material Adverse Effect with respect
to such Borrower or such Significant Subsidiary; and provided further that nothing in this Section 6.3 shall prohibit (i)
any merger or consolidation involving such Borrower which is permitted by Section 6.6, (ii) the merger of a Significant Subsidiary
into such Borrower or the merger or consolidation of a Significant Subsidiary with or into another Person if the corporation surviving
such consolidation or merger is a Significant Subsidiary and if, in each case, after giving effect thereto, no Default with respect to
such Borrower shall have occurred and be continuing or (iii) the termination of the corporate existence of any Significant Subsidiary
if such Borrower in good faith determines that such termination is in the best interest of such Borrower and is not materially disadvantageous
to the Lenders.


 




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Section
6.4 Compliance with Laws. Such Borrower will comply, and cause each Significant Subsidiary to comply, with all applicable Laws
(including, without limitation, Environmental Laws and ERISA and the rules and regulations thereunder) except (i) where failure to do
so would not reasonably be expected to result in (x) a Material Adverse Effect with respect to such Borrower or Significant Subsidiary
or (y) a material impairment of the rights and remedies of the Administrative Agent or any Lender under this Agreement or (ii) where the
necessity of compliance therewith is contested in good faith by appropriate proceedings.


 


Section
6.5 Negative Pledge. Such Borrower will not pledge or otherwise subject to any lien any property or assets of such Borrower to
secure any indebtedness for borrowed money incurred, issued, assumed or guaranteed by such Borrower unless the Loans and the Obligations
of such Borrower under this Agreement are secured by such pledge or lien equally and ratably with all other indebtedness secured thereby
so long as such other indebtedness shall be so secured; provided, however, that such covenant will not apply to liens securing
indebtedness which do not in the aggregate at any one time outstanding exceed 20% of Net Tangible Assets (as defined below) of such Borrower
and its Consolidated Subsidiaries and also will not apply to:


 


(a)       the
pledge of any assets of such Borrower to secure any financing by such Borrower of the exporting of goods to or between, or the marketing
thereof in, jurisdictions other than the United States (as to TMCC only), Puerto Rico (as to TCPR only), Canada (as to TCCI only), the
Netherlands (as to TMFNL only), Germany (as to TKG only), Australia (as to TFA only) and the United Kingdom (as to TFSUK only) in connection
with which such Borrower reserves the right, in accordance with customary and established banking practice, to deposit, or otherwise subject
to a lien, cash, securities or receivables, for the purpose of securing banking accommodations or as the basis for the issuance of bankers’
acceptances or in aid of other similar borrowing arrangements;


 


(b)       the
pledge of receivables of such Borrower payable in currencies other than US Dollars to secure borrowings in jurisdictions other than the
United States (as to TMCC only), Puerto Rico (as to TCPR only), Canada (as to TCCI only), the Netherlands (as to TMFNL only), Germany
(as to TKG only), Australia (as to TFA only) and the United Kingdom (as to TFSUK only);


 


(c)       any
deposit of assets of such Borrower in favor of any governmental bodies to secure progress, advance or other payments under a contract
or statute;


 


(d)       any
lien or charge on any property of such Borrower, tangible or intangible, real or personal, existing at the time of acquisition or construction
of such property (including acquisition through merger or consolidation) or given to secure the payment of all or any part of the purchase
or construction price thereof or to secure any indebtedness incurred prior to, at the time of, or within one year after, the acquisition
or completion of construction thereof for the purpose of financing all or any part of the purchase or construction price thereof;


 


(e)       bankers’
liens or rights of offset (including any pledges further to general terms and conditions of a Dutch bank);


 




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(f)       any
lien securing the performance of any contract or undertaking not directly or indirectly in connection with the borrowing of money, obtaining
of advances or credit or the securing of debt, if made and continuing in the ordinary course of business;


 


(g)       any
lien to secure non-recourse obligations in connection with such Borrower’s engaging in leveraged or single-investor lease transactions;


 


(h)       any
lien to secure payment obligations with respect to (x) rate swap transactions, swap options, basis swaps, forward rate transactions, commodity
swaps, commodity options, equity or equity index swaps, equity or equity index options, bond options, interest rate options, foreign exchange
transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions,
currency options, credit protection transactions, credit swaps, credit default swaps, credit default options, total return swaps, credit
spread transactions, repurchase transactions, reverse repurchase transactions, buy/sell-back transactions, securities lending transactions,
weather index transactions, or forward purchases or sales of a security, commodity or other financial instrument or interest (including
any option with respect to any of these transactions), or (y) transactions that are similar to those described above;


 


(i)       for
the avoidance of doubt, any lien or security interest granted or arising in connection with a bona fide securitization transaction
by which such Borrower sells vehicle loan receivables, vehicle installment contracts, vehicle leases (together with or without the underlying
vehicles), and/or other accounts receivable or assets, the records relating thereto and the proceeds, rights and benefits accruing to
it thereunder (the “Securitized Assets”) and underlying vehicles or assets if not included with the Securitized Assets
to a trust or entity established for the purpose of, among other things, purchasing, holding or owning Securitized Assets;


 


(j)       any
extension, renewal or replacement (or successive extensions, renewals or replacements), in whole or in part, of any lien, charge or pledge
referred to in the foregoing clauses (a) to (i), inclusive, of this Section 6.5; provided, however, that the amount
of any and all obligations and indebtedness secured thereby shall not exceed the amount thereof so secured immediately prior to the time
of such extension, renewal or replacement and that such extension, renewal or replacement shall be limited to all or a part of the property
which secured the charge or lien so extended, renewed or replaced (plus improvements on such property); and


 


(k)       in
the case of TFA, any security interest provided for by one of the following transactions if the transaction does not secure payment or
performance of an obligation: (a) a transfer of an account or chattel paper; (b) a commercial consignment; or (c) a PPS lease, where “account”,
“chattel paper”, “commercial consignment” and “PPS lease” have the same meanings given to them in
the Personal Property Securities Act 2009 of Australia.


 


“Net
Tangible Assets” means, with respect to any Borrower, the aggregate amount of assets (less applicable reserves and other properly
deductible items) of such Borrower and its Consolidated Subsidiaries after deducting therefrom all goodwill, trade names, trademarks,
patents, unamortized debt discount and expense and other like intangibles of such Borrower and its Consolidated Subsidiaries, all as set
forth on the most recent balance sheet or statement of


 




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financial position of such Borrower and its Consolidated
Subsidiaries prepared in accordance with GAAP.


 


Section 6.6
Consolidations. Mergers and Sales of Assets. (a) Such Borrower shall not consolidate with or merge into any other Person
or convey, transfer or lease (whether in one transaction or in a series of transactions) all or substantially all of its properties and
assets to any Person, unless:


 


(i)       the
Person formed by such consolidation or into which such Borrower is merged or the Person which acquires by conveyance or transfer, or which
leases, all or substantially all of the properties and assets of such Borrower shall be a Person organized and existing under the Laws
of the jurisdiction of organization of such Borrower, the United States of America, any State thereof, the District of Columbia or Puerto
Rico or, in the case of TCCI, Canada or any province of Canada or, in the case of TFA, the Commonwealth of Australia or any political
sub-division thereof (the “Successor Corporation”) and shall expressly assume, by an amendment or supplement to this
Agreement, signed by such Borrower and such Successor Corporation and delivered to the Administrative Agent, such Borrower’s obligation
with respect to the due and punctual payment of the principal of and interest on all the Loans made to such Borrower and the due and punctual
payment of all other Obligations payable by such Borrower hereunder and the performance or observance of every covenant herein on the
part of such Borrower to be performed or observed;


 


(ii)       immediately
after giving effect to such transaction and treating any indebtedness which becomes an obligation of such Borrower as a result of such
transaction as having been incurred by such Borrower at the time of such transaction, no Default with respect to such Borrower shall have
happened and be continuing;


 


(iii)       if,
as a result of any such consolidation or merger or such conveyance, transfer or lease, properties or assets of such Borrower would become
subject to a mortgage, pledge, lien, security interest or other encumbrance which would not be permitted by Section 6.5 hereof,
such Borrower or the Successor Corporation, as the case may be, takes such steps as shall be necessary effectively to secure the Loans
and the Obligations of such Borrower under this Agreement equally and ratably with (or prior to) all indebtedness secured thereby; and


 


(iv)       such
Borrower has delivered to the Administrative Agent a certificate signed by a Responsible Officer, together with, in the case of
consolidation or merger in which such Borrower is not the surviving Person, (A) a written opinion or opinions of counsel
satisfactory to the Administrative Agent (who may be counsel to such Borrower) or a certificate of a Responsible Officer, as
applicable, stating that such amendment or supplement to this Agreement complies with this Section 6.6 and that all conditions
precedent herein provided for relating to such transaction have been complied with, and (B) any materials or information reasonably
requested by any Lender through the Administrative Agent to comply with “know your customer” or similar identification
procedures under applicable laws and regulations.


 




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(b) Upon any
consolidation or merger or any conveyance, transfer or lease of all or substantially all of the properties and assets of such Borrower
in accordance with Section 6.6(a), the Successor Corporation shall succeed to, and be substituted for, and may exercise every right
and power of, such Borrower under this Agreement and the Loans with the same effect as if the Successor Corporation had been named as
a Borrower therein and herein, and thereafter, such then existing Borrower, except in the case of a lease of such then existing Borrower’s
properties and assets, shall be released from its liability as obligor on any of the Loans and under this Agreement.


 


Section 6.7
Use of Proceeds. The proceeds of the Loans made under this Agreement will be used by such Borrower for its general corporate purposes
and will not be used directly, or knowingly indirectly, (a) to support activity in or with a country or region officially and comprehensively
sanctioned by the United States, the United Nations, the United Kingdom or the European Union, (b) to fund activities or business of any
Designated Person subject to official Sanctions imposed by the United States, the United Nations, the United Kingdom or the European Union,
except to the extent such activity or business would not be prohibited for a U.S., U.K. or European Union Person pursuant to Sanctions
or (c) for any payments to any governmental official or employee, political party, official of a political party, candidate for political
office, or anyone else acting in an official capacity, or, in any material respect, any other Person in order to obtain, retain or direct
business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, or other applicable
Anti-Corruption Law. None of such proceeds will be used, directly or indirectly for the purpose, whether immediate, incidental or ultimate
of buying or carrying any “margin stock” within the meaning of Regulation U. After application of the proceeds of any Loan,
not more than 25% of the assets of the Borrower of such Loan that are subject to a restriction on sale, pledge, or disposal under this
Agreement will be represented by “margin stock,” as that term is defined in Regulation U of the FRB. During the Tranche A
Availability Period, the Tranche B Availability Period, and the Tranche C Availability Period, as applicable, subject to the other terms
and conditions of this Agreement, such Borrower may request and use the proceeds of Loans of one Type to repay outstanding Loans of another
Type and to repay outstanding Swing Line Loans.


 


The covenant
given in this Section 6.7 shall not be made by nor apply to any Borrower that qualifies as a resident party domiciled in the Federal
Republic of Germany (Inländer) within the meaning of Sect. 2 paragraph 15 German Foreign Trade Act (Außenwirtschaftsgesetz)
in so far as it would result in a violation of or conflict with Sect. 7 German Foreign Trade Regulation (Außenwirtschaftsverordnung),
any provision of Council Regulation (EC) 2271/96 or any other anti-boycott statute.


 


The covenant
given in this Section 6.7 shall not be made by nor apply to TCCI only in so far as it would result in a violation of or conflict
with FEMA, the Foreign Extraterritorial Measures (United States) Order 1992 made under the authority of FEMA, together with all amendments,
supplements and replacements thereof from time to time, and any other orders issued under FEMA.


 




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It is acknowledged
and agreed that the covenant given in this Section 6.7 is only sought and given to the extent that to do so would be permissible
pursuant to any applicable anti-boycott statute such as (i) Regulation (EC) 2271/96 and/or (ii) any associated and applicable national
law, instrument or regulation in the European Union or the United Kingdom related thereto and/or (iii) any similar law, instrument or
regulation.


 


ARTICLE VII


 


DEFAULTS


 


Section 7.1
Events of Default. If one or more of the following events (“Events of Default”) shall have occurred and be continuing
with respect to a Borrower:


 


(a)       such
Borrower shall fail to pay (i) any principal of any Loan made to it when due, (ii) any interest on any Loan of such Borrower or a
facility fee under Section 2.8(a) owed by such Borrower within five Business Days after the same becomes due, or (iii) any
other fees or other amounts payable by such Borrower hereunder for a period of 30 days after receipt of notice of such failure by
such Borrower from the Administrative Agent;


 


(b)       such
Borrower shall fail to observe or perform any covenant contained in Section 6.1(c), Section 6.5, Section 6.6 or Section
6.7;


 


(c)       such
Borrower shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those covered by clause (a)
or (b) above) for 30 days after notice thereof has been given to such Borrower by the Administrative Agent at the request of any Lender;


 


(d)       any
representation or warranty made by such Borrower in this Agreement or in any certificate or other document delivered pursuant to this
Agreement shall prove to have been incorrect in any material respect when made (or deemed made);


 


(e)       indebtedness
for borrowed money of such Borrower and any of its Subsidiaries in an aggregate outstanding amount in excess of (i) in the case of TMCC,
US$600,000,000 or its Dollar Equivalent, (ii) in the case of TFSUK, TMFNL, TCCI or TFA, US$150,000,000 or its Dollar Equivalent and (iii)
in the case of each other Borrower, US$100,000,000 or its Dollar Equivalent, shall not be paid when due or shall be accelerated prior
to its stated maturity date and, within ten days after written notice thereof is given to such Borrower(s) by the Administrative Agent,
such indebtedness shall not be discharged or such acceleration shall not be rescinded or annulled;


 


(f)       such
Borrower or any Significant Subsidiary of such Borrower shall commence or consent to the commencement 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 (which, in the case of TFA, shall include any administrator, receiver and manager or
controller as defined in the Australian


 




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Corporations Act) or similar
officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator
(which, in the case of TFA, shall include any administrator, receiver and manager or controller as defined in the Australian Corporations
Act) or similar officer is appointed without the application or consent of any such Borrower or such Significant Subsidiary of such Borrower
and the appointment continues undischarged or unstayed for 90 days; or any proceeding under any Debtor Relief Law relating to any such
Borrower or such Significant Subsidiary of such Borrower or to all or any material part of its respective property is instituted without
the consent of such Borrower or such Significant Subsidiary of such Borrower and continues undismissed or unstayed for 90 days, or an
order for relief is entered in any such proceeding; provided that, as to TKG, a mere notification of an imminent illiquidity pursuant
to Section 46(b) sub-section 1, second half sentence of the German Banking Act (Kreditwesengesetz) to BaFin shall not be an Event
of Default;


 


(g)       any
member of the ERISA Group shall fail to pay when due an amount or amounts aggregating in excess of US$600,000,000 which it shall have
become liable to pay under Title IV of ERISA or as a result of one or more of the following: (i) termination of a Plan by any member
of an ERISA Group, any plan administrator or any combination of the foregoing;


(ii) the PBGC instituting proceedings under Title IV of
ERISA to terminate, or to cause a trustee to be appointed to administer any Plan, or the PBGC being entitled to obtain a decree adjudicating
that any Plan must be terminated; or (iii) a complete or partial withdrawal from, or a default, within the meaning of Section 4219(c)(5)
of ERISA, with respect to, one or more Multiemployer Plans which would cause one or more members of the ERISA Group to incur a current
payment obligation in excess of $600,000,000; provided that no Default or Event of Default under this Section 7.1(g) shall
be deemed to have occurred if any Borrower or member of the ERISA Group shall have made arrangements satisfactory to the PBGC and the
Required Lenders to discharge or otherwise satisfy such liability (including by the posting of a bond or other security);


 


(h)       judgments
or orders for the payment of money in excess of (i) in the case of TMCC, US$600,000,000 or its Dollar Equivalent, (ii) in the case of
TFSUK, TMFNL, TCCI or TFA, US$150,000,000 or its Dollar Equivalent and (iii) in the case of each other Borrower, US$100,000,000 or its
Dollar Equivalent, in the aggregate shall be rendered against such Borrower or any Significant Subsidiary of such Borrower and such judgments
or orders shall continue unsatisfied and unstayed for a period of 60 days (for this purpose, a judgment shall effectively be stayed during
a period when it is not yet due and payable), provided, however, that any such judgment or order shall not be an Event of
Default under this Section 7.1(h) if and for so long as (i) the amount of such judgment or order is covered by a valid and binding
policy of insurance between the defendant and the insurer covering payment thereof and (ii) such insurer, which shall be rated at least
“A” by A.M. Best Company, has been notified of, and has not disputed the claim made for payment of, the amount of such judgment
or order; or


 


(i)       such
Borrower shall cease to be a TMC Consolidated Subsidiary;


 


then, and in every such event,
the Administrative Agent shall, at the request of, or may, with the consent of, the applicable Required Lenders and after notice to TMCC
and the applicable


 




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Borrower (i) terminate the commitment
of each Lender to make Loans to such Borrower, and they shall thereupon terminate, and (ii) declare the unpaid principal amount of all
outstanding Loans made to such Borrower, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or
under any other Loan Document by such Borrower to be immediately due and payable without presentment, demand, protest or other notice
of any kind, all of which are hereby expressly waived by each Borrower; provided, however, that upon the occurrence of an
actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States, the obligation
of each Lender to make Loans to such Borrower shall automatically terminate, the unpaid principal amount of all outstanding Loans made
to such Borrower and all interest and other amounts as aforesaid shall automatically become due and payable.


 


Section 7.2 Application of
Funds. After the exercise of remedies provided for in Section 7.1 (or after the Loans have automatically become
immediately due and payable), any amounts received on account of the Obligations of any Borrower shall be applied by the
Administrative Agent in the following order:


 


first,
to payment of that portion of the Obligations of such Borrower constituting fees, indemnities, expenses and other amounts (including Attorney
Costs and amounts payable under Article III) payable to the Administrative Agent in its capacity as such;


 


second,
to payment of that portion of the Obligations of such Borrower constituting fees, indemnities and other amounts (other than principal
and interest) payable to the appropriate 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 of such Borrower constituting accrued and unpaid interest on the Loans, ratably among the
appropriate Lenders in proportion to the respective amounts described in this clause Third payable to them;


 


fourth,
to payment of that portion of the Obligations of such Borrower constituting unpaid principal of the Loans, ratably among the appropriate
Lenders in proportion to the respective amounts described in this clause Fourth held by them; and


 


fifth,
the balance, if any, after all of the Obligations of such Borrower have been indefeasibly paid in full, to such Borrower or as otherwise
required by Law.


 


ARTICLE VIII


 


THE ADMINISTRATIVE AGENT


 


Section 8.1
Appointment and Authorization of Administrative Agent. 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


 




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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 shall not have any duties or responsibilities, except those expressly set forth
herein, nor shall the Administrative Agent 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. 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.


 


Section 8.2
Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement or any other Loan Document 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.


 


Section
8.3 Liability of Administrative Agent. 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 Borrower 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 for any failure of any Borrower 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 Borrower or any Affiliate thereof.


 


Section 8.4
Reliance by Administrative Agent. 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, facsimile 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 of legal counsel (including counsel to
the Borrowers), 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 applicable


 




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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 applicable 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.


 


Section 8.5
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 a 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 applicable Required Lenders in accordance with Article VII; 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.


 


Section 8.6
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 Borrower 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 acknowledges 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 each Borrower, 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 a Borrower hereunder. Each Lender also acknowledges 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 each Borrower. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative
Agent herein, the Administrative 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


 




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Borrower or any of its Affiliates which may come into the
possession of any Agent-Related Person.


 


Section 8.7
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 the Borrowers and without limiting the
obligation of the Borrowers 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 applicable Required Lenders shall be deemed to constitute gross negligence or
willful misconduct for purposes of this Section 8.7; provided, further, that such Indemnified Liability was incurred
by or asserted against such Agent-Related Person acting as or for the Administrative Agent in connection with such capacity. 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 Borrowers. The undertaking in this Section
8.7 shall survive termination of the Aggregate Commitments, the payment of all other Obligations and the resignation of the Administrative
Agent.


 


Section 8.8
Administrative Agent in its Individual Capacity. BNP Paribas 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 Borrower and its Affiliates as though BNP Paribas were not the Administrative Agent hereunder
and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, BNP Paribas or its Affiliates
may receive information regarding a Borrower or any of its Affiliates (including information that may be subject to confidentiality obligations
in favor of a Borrower 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, BNP Paribas 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, and the terms “Lender” and “Lenders”
include BNP Paribas in its individual capacity.


 


Section 8.9 Successor Administrative Agent and Sub-Agents.


 


(a) The
Administrative Agent and each Sub-Agent may resign as Administrative Agent or Sub-Agent, as applicable, upon 30 days’ notice to
the applicable Lenders and the Borrowers. If the Person serving as Administrative Agent or a Sub-Agent is a Defaulting Lender pursuant
to


 




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clause (e) of the definition
thereof, the Required Lenders may, to the extent permitted by applicable Law, by notice in writing to the Borrowers and such Person,
remove such Person as Administrative Agent or Sub-Agent. If no successor shall have been so appointed by the Required Lenders and
shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the
“Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on
the Removal Effective Date. If (i) the Administrative Agent resigns or is removed under this Agreement, the Required Lenders shall
appoint from among the Lenders a successor administrative agent for the Lenders, (ii) the Australian Sub-Agent resigns or is
removed, the Required Lenders referred to in paragraph (a) in the definition of “Required Lenders” shall appoint from
among the Tranche C Lenders a successor Australian sub-agent, and (iii) any Swing Line Agent resigns, the Required Lenders shall
appoint from among the Swing Line Lenders a successor replacement Swing Line Agent, which shall be a bank with an office in the
United Kingdom, United States, Canada or Australia, as applicable, or an Affiliate of any such bank with an office in the United
Kingdom, United States, Canada or Australia, as applicable, which successor, in each case, shall consent to such appointment and
shall be consented to by the Borrowers in writing at all times other than during the existence of an Event of Default under Section
7.1(a) or Section 7.1(f) (which consent of the Borrowers shall not be unreasonably withheld). If no such successor is so
appointed prior to the effective date of the resignation or removal of the Administrative Agent or applicable Sub-Agent, the
Administrative Agent or Sub-Agent, as applicable, may appoint, after consulting with the Lenders and the Borrowers, a successor
which meets the qualifications set forth above and consents to the appointment. Upon the acceptance of its appointment as successor
administrative agent or sub-agent hereunder, the Person acting as such successor administrative agent or sub-agent shall succeed to
all the rights, powers and duties of the retiring or removed Administrative Agent or Sub-Agent and the term “Administrative
Agent” or “Sub-Agent”, as applicable, shall mean such successor administrative agent or sub-agent, and the
retiring or removed Administrative Agent’s or Sub-Agent’s appointment, powers and duties as Administrative Agent or
Sub-Agent shall be terminated. After any retiring or removed Administrative Agent’s or Sub-Agent’s resignation or
removal hereunder as Administrative Agent or Sub-Agent, the provisions of this Article VIII and Sections 9.4 and 9.5
shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent or Sub-Agent under
this Agreement. If no successor administrative agent or sub-agent, as applicable, has accepted appointment as Administrative Agent
or Sub-Agent by the date which is 30 days following a retiring Administrative Agent’s or Sub-Agent’s notice of
resignation, the retiring Administrative Agent’s or Sub-Agent’s resignation shall nevertheless thereupon become
effective and the Lenders shall perform all of the duties of the Administrative Agent or Sub-Agent hereunder until such time, if
any, as the Required Lenders appoint a successor agent as provided for above.


 


(b) Notwithstanding
anything to the contrary contained herein, if at any time BNP Paribas assigns all of its Commitments and Committed Loans pursuant to Section
9.7(b), BNP Paribas and its Affiliates may, upon 30 days’ notice to the Borrowers, each resign as Swing Line Agent and Swing
Line Lender. In the event of any such resignation as Swing Line Agent and Swing Line Lender, the Borrowers shall be entitled to appoint
from among the Lenders successor Swing Line Agent(s) and successor Swing Line Lender hereunder; provided, however, that
such successor Swing Line Agent(s) or successor Swing Line Lender consents to such appointment;


 




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and provided further,
however, that no failure by the Borrowers to appoint any such successor shall affect the resignation of BNP Paribas and its Affiliates
as such Swing Line Agent and Swing Line Lender. If BNP Paribas (and its Affiliates) resigns as a Swing Line Agent and Swing Line Lender,
it shall retain all the rights of such Swing Line Agent and 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
Committed Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.16(c). Upon the appointment of
successor Swing Line Agent(s) and Swing Line Lender, such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring Swing Line Agent(s) and Swing Line Lender.


 


Section 8.10
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 a Borrower, the Administrative Agent (irrespective
of whether the principal of any Loan 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 such Borrower) shall be entitled and empowered, by intervention in such
proceeding or otherwise:


 


(a)       to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations
that are owing by such Borrower 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 Section 2.8 and Section 9.4) 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 Section 2.8 and Section 9.4. 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.


 


Section 8.11
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


 




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agent,” “co-agent,”
“book manager,” “lead manager,” “arranger,” “lead arranger” or “co- arranger”
shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, 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.


 


Section 8.12 Erroneous Payments.
Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error
to any Lender (such Lender, the “Credit Party”), whether or not in respect of an Obligation due and owing by any Borrower
at such time, where such payment is a Rescindable Amount, then in any such event, each Credit Party receiving a Rescindable Amount severally
agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Credit Party in immediately available
funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received
by it to but excluding the date of payment to the Administrative Agent, at the greater of the Overnight Rate and a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation. Each Credit Party irrevocably waives any
and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds
mistakenly paid by a third-party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable
Amount. The Administrative Agent shall inform each Credit Party promptly upon determining that any payment made to such Credit Party comprised,
in whole or in part, a Rescindable Amount.


 


ARTICLE
IX


 


MISCELLANEOUS


 


Section 9.1
Amendments, Etc. Except as otherwise set forth in the last sentence of this Section 9.1, no amendment or waiver of any provision
of this Agreement or any other Loan Document, and no consent to any departure by any Borrower therefrom, shall be effective unless in
writing signed by the applicable Required Lenders and the applicable Borrower, 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 4.1(a) without the written consent of each Lender;


 


(b)       extend
or increase the Commitment or Commitment Cap of any Lender (or reinstate any Commitment terminated pursuant to Section 7.1) without
the written consent of such Lender;


 


(c)       postpone
any date fixed by this Agreement or any other Loan Document for any scheduled payment of principal, interest, fees or other amounts due
to the Lenders (or any of


 




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them) hereunder or under any other Loan Document
without the written consent of each Lender directly and adversely affected thereby;


 


(d)       reduce
the principal of, or the rate of interest specified herein on, any Loan, or any fees or other amounts payable hereunder or under any other
Loan Document without the written consent of each Lender directly and adversely affected thereby; provided, however, that
only the consent of the applicable Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive
any obligation of any Borrower to pay interest at the Default Rate;


 


(e)       change
Section 2.12 or Section 7.2 in a manner that would alter the pro rata sharing of payments required thereby without the written
consent of each directly and adversely affected Lender;


 


(f)       amend
the definition of “Alternative Currency” without the written consent of each directly and adversely affected Lender; or


 


(g)       change
any provision of this Section 9.1 or the definition of “Required Lenders” or 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 directly and adversely affected Lender; 


 


provided
further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to
the Lenders required above, directly and adversely affect the rights or duties of the Administrative Agent under this Agreement or
any other Loan Document; (ii) no amendment, waiver or consent shall, unless in writing and signed by a Swing Line Lender in addition
to the Lenders required above, directly and adversely affect the rights or duties of such Swing Line Lender under this Agreement;
(iii) no amendment, waiver or consent shall, unless in writing and signed by the applicable Swing Line Agent in addition to the
Lenders required above, directly and adversely affect the rights or duties of such Swing Line Agent under this Agreement; and (iv)
each Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto.


 


In addition,
notwithstanding anything in this Section 9.1 to the contrary, if the Administrative Agent and the Borrowers shall have jointly
identified a manifest error or any error or omission of a technical nature, in each case, in any provision of the Loan Documents, then
the Administrative Agent and the Borrowers shall be permitted to amend such provision and, in each case, the Administrative Agent shall
promptly notify the Lenders of such amendment and such amendment shall become effective without any further action or consent of any other
party to any Loan Document if the same is not objected to in writing by the Required Lenders to the Administrative Agent within ten Business
Days following receipt of notice thereof.


 


Section 9.2 Notices and Other Communications; Facsimile
Copies.


 




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(a)       General.
Unless otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing (including
by facsimile transmission and electronic mail), 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 a Borrower, the Administrative Agent or any Swing Line Agent, to the address, facsimile number, electronic mail address or telephone
number specified for such Person on Schedule 9.2 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; provided that, certain of the Borrowers cannot receive
and, therefore, none of the Borrowers approve delivery of electronic communications with attachments that have been compressed (including,
without limitation, “zipped files”); 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 Borrowers and the Administrative Agent.


 


Except as
otherwise set forth herein, 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 mail, postage prepaid; (C) if
delivered by facsimile, when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (subject to
the provisions of subsection (c) below), when delivered; provided, however, that notices and other communications to
the Administrative Agent 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 by facsimile and electronic mail (subject to the provisions
of Section 9.2(c)). The Borrowers may 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
or electronic mail document or signature.


 


(c)       Use
of Electronic Mail. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication
(including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that
the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified the Administrative Agent
that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent, any Swing Line Agent
or any Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.
For the avoidance of


 




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doubt, certain of the Borrowers
cannot receive and, therefore, none of the Borrowers approve or have approved delivery of electronic communications with attachments that
have been compressed (including, without limitation, “zipped files”).


 


(d)       Reliance
by Administrative Agent, the Swing Line Agents and Lenders. The Administrative Agent, the Swing Line Agents 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 a Responsible Officer of a Borrower or any other Person designated in writing by a Responsible Officer of a Borrower
to the Administrative Agent and the applicable Swing Line Agent even if (i) such notices were not otherwise 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 Borrowers 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
a Responsible Officer of a Borrower or any other Person designated in writing by a Responsible Officer of a Borrower to the Administrative
Agent. 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; provided that all such recorded telephonic notices to and other communications
with the Administrative Agent are subject to the Administrative Agent’s confidentiality obligations pursuant to Section 9.8.


 


(e)       Designation
of Representative for Borrowers. Each of TMCC, TCPR, TCCI and TFA (each, an “Other Borrower”), by its execution
of this Agreement, hereby irrevocably appoints each of TMCC and TMFNL, acting alone, and with full power of substitution, as its agent
and representative hereunder (in such capacity, each a “Borrowers’ Representative”), and hereby authorizes, directs
and empowers each of TMCC and TMFNL, acting alone, and with full power of substitution, to act for and in the name of such Other Borrower
and as its agent and representative hereunder and under the other instruments and agreements referred to herein. TMCC and TMFNL hereby
accept each such appointment. Each Other Borrower hereby irrevocably authorizes each of TMCC and TMFNL, acting alone and with full power
of substitution, to take such action on such Other Borrower’s behalf and to exercise such powers hereunder, under the other Loan
Documents, and under the other agreements and instruments referred to herein or therein as may be contemplated being taken or exercised
by such Other Borrower by the terms hereof and thereof, together with such powers as may be incidental thereto, including, without limitation,
to borrow hereunder and deliver Requests for Loans hereunder, to convert, continue, repay or prepay Loans made hereunder, to increase,
reduce or terminate the Commitments, to pay interest, fees, costs and expenses incurred in connection with the Loans, this Agreement,
the other Loan Documents, and the other agreements and instruments referred to herein or therein, to receive from or deliver to the Administrative
Agent or any Sub-Agent any notices, statements, reports, certificates or other documents or instruments contemplated herein, in the other
Loan Documents or in any other agreement or instrument referred to herein, to receive from or transmit to the Administrative Agent or
any Sub-Agent any Loan proceeds or payments, and to execute any agreements, amendments, modifications, supplements or other documents
or instruments in connection with this Agreement or the other


 




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Loan Documents on its behalf,
and in each case such Other Borrower shall be bound as though the Other Borrower itself had duly taken such action. The Administrative
Agent, each Sub-Agent and each Lender shall be entitled to rely on the appointment and authorization of each Borrowers’ Representative
with respect to all matters related to this Agreement, the other Loan Documents and any other agreements or instruments referred to herein
or therein whether or not any particular provision hereof or thereof specifies that such matters may or shall be undertaken by Borrowers’
Representative. In reliance hereon, the Administrative Agent, each Sub-Agent and each Lender may deal with either of the Borrowers’
Representatives alone with the same effect as if the Administrative Agent, such Sub-Agent or such Lender had dealt with each Other Borrower
separately and individually. In the event of any conflict between any notices, communications or other acts of the Borrowers’ Representative
and those of any Other Borrower, the notices, communications and acts of the Borrowers’ Representative shall prevail.


 


Section
9.3 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 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 are cumulative and not exclusive of any
rights, remedies, powers and privileges provided by Law.


 


Section 9.4
Attorney Costs and Expenses. The Borrowers agree (a) to pay or reimburse the Administrative Agent for all reasonable and demonstrable
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,
including all Attorney Costs of a single counsel (and one local counsel in each jurisdiction where required or other additional counsel
to the extent required due to a conflict of interest), 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, or preservation of any rights or remedies under this
Agreement or the other Loan Documents (including all such costs and expenses incurred during any “workout” or restructuring
in respect of the Obligations and during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney
Costs. The foregoing costs and expenses shall include all reasonable search and filing charges and fees and taxes related thereto, and
other reasonable out- of-pocket expenses incurred by the Administrative Agent and the reasonable cost of independent public accountants
and other outside experts retained by the Administrative Agent or any Lender. All amounts due under this Section 9.4 shall be payable
within 15 Business Days after delivery to the Borrowers of a certificate setting forth in reasonable detail the basis for the amounts
demanded. The agreements in this Section 9.4 shall survive the termination of the Aggregate Commitments and repayment of all other
Obligations. Notwithstanding anything to the contrary contained in this Agreement, (i) this Section 9.4 shall not govern any indemnification
or other amounts relating to or attributable to taxes, and (ii) all indemnification and other amounts relating or attributable to taxes
shall be governed solely and exclusively by Section 3.1.


 




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Section 9.5
Indemnification by the Borrowers. (a) Whether or not the transactions contemplated hereby are consummated, the Borrowers 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, costs, expenses and disbursements (including Attorney Costs) of
any kind or nature whatsoever (collectively “Losses”) 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 (i) 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, (ii) any Commitment, Loan or the use or proposed use of the proceeds
therefrom, or (iii) 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 Indemnitee is a party thereto (all the foregoing, collectively,
the “Indemnified Liabilities”); 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 (x) 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, (y) result from a claim brought by any Borrower against an Indemnitee for breach
in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document if any Borrower has obtained a final and
nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (z) result from a claim not involving
an act or omission of any Borrower and that is brought by an Indemnitee against another Indemnitee (other than against any Arranger or
the Administrative Agent in their capacities as such); provided further, that the obligations of any Borrower under this Section
9.5 to indemnify any Indemnitee for any Loss with respect solely to such portion of any Loss relating to or calculated based on the
loss of principal, interest or fees shall be limited solely to the amount of principal, interest or fees owed by such Borrower as otherwise
provided in this Agreement, and such indemnity obligations as to such amounts shall not be joint and several to all Borrowers. No Indemnitee
shall be liable for any damages arising from the use by others of any information or other materials obtained through a Platform in connection
with this Agreement, except to the extent such damages resulted from the gross negligence or willful misconduct of such Indemnitee or
in violation of clause (z) of the final paragraph of Section 6.1 (in each case, as determined by a court of competent jurisdiction
in a final and nonappealable judgment), 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).


 


(b)       An
Indemnitee shall give prompt notice to the Borrowers of any claim asserted in writing, or the commencement of any action or proceeding,
in respect of which indemnity may be sought hereunder. All amounts due under this Section 9.5 shall be payable within 15 Business


 




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Days after the Borrowers receive demand therefor setting
forth in reasonable detail the basis for such demand.


 


(c)       In
the case of an investigation, litigation or proceeding to which the indemnity in this paragraph applies, such indemnity shall be effective
whether or not such investigation, litigation or proceeding is brought by any Borrower, any Borrower’s equityholders or creditors
or an Indemnitee or any other person or entity, whether or not an Indemnitee is otherwise a party thereto.


 


(d)       The
agreements in this Section 9.5 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.


 


(e)       Notwithstanding
the foregoing, the Borrowers shall not, in connection with any single proceeding or series of related proceedings in the same jurisdiction,
be liable for the fees and expenses of more than one separate firm or internal legal department (in addition to any local counsel) for
all Indemnitees, such firm or internal legal department to be selected by the Administrative Agent; provided that if an Indemnitee
shall have reasonably concluded that (i) there may be legal defenses available to it which are different from or additional to those available
to other Indemnitees and may conflict therewith or (ii) the representation of such Indemnitee and the other Indemnitees by the same counsel
would otherwise be inappropriate under applicable principles of professional responsibility, such Indemnitee shall have the right to select
and retain separate counsel to represent such Indemnitee in connection with such proceeding(s) at the expense of the Borrowers. Notwithstanding
anything to the contrary contained in this Agreement, (i) this Section 9.5 shall not govern Losses or other amounts relating to
or attributable to taxes, and (ii) all Losses and other amounts relating or attributable to taxes shall be governed solely and exclusively
by Section 3.1.


 


Section 9.6 Payments
Set Aside. To the extent that any payment by or on behalf of any Borrower is made to the Administrative Agent or any Lender, or the
Administrative Agent or any Lender exercises any 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 Overnight Rate from time to time in effect, in the applicable currency of such recovery
or payment.


 


Section 9.7 Successors and Assigns.


 




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(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 no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of each Lender (other than as permitted by Section 6.6) 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 9.7, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section 9.7, or (iii)
by way of pledge or assignment of a security interest subject to the restrictions of subsection (g) of this Section 9.7 (and any
other attempted assignment, transfer or participation by any party hereto or any Participant or prospective Participant 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 9.7
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 Committed Loans (including for purposes of this subsection (b), participations in Swing Line
Loans) at the time owing to it); provided that any assignment shall be subject to the following additional conditions: (i) so long
as no Event of Default under Section 7.1(a) or Section 7.1(f) has occurred and is continuing in respect of a Borrower, such
Borrower consents to the assignment (such consent not to be unreasonably withheld or delayed, reasonable considerations to include the
credit rating/quality of such Person, whether such Person is, or is affiliated with, a vehicle finance company affiliate of a vehicle
manufacturer, or such Person would reasonably be expected to increase such Borrower’s payments under or resulting from Article
III); (ii) except in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Committed
Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund (as defined
in Section 9.7(i)) with respect to a Lender, the aggregate amount of the Commitment (which for this purpose includes Committed
Loans outstanding thereunder) 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 be in an amount of US$10,000,000 or a whole multiple of US$1,000,000 in excess thereof (provided that,
in the case of TMFNL, such amount shall not be less than the Dollar Equivalent of EUR 100,000 or any other amount (or meeting any other
criterion) as at any time ensures that it does not qualify as attracting funds from the “public” under or pursuant to the
Netherlands Financial Supervision Act (wet op het financieel toezicht)) unless the Administrative Agent otherwise consents (such
consent not to be unreasonably withheld or delayed); (iii) 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 Committed Loans or the Commitment
assigned; (iv) any assignment of a Commitment must be approved by the Administrative Agent (which approval shall not be unreasonably withheld
or delayed) unless the Person that is the proposed assignee is itself a Lender or an Affiliate of a Lender (whether or not the proposed
assignee would otherwise


 




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qualify as an Eligible Assignee);
(v) if the assigning Lender has a Commitment in more than one Tranche, such Lender shall make a pro rata assignment to its assignee of
its Commitments under each such Tranche; (vi) subject to Section 9.17(b), the parties to each assignment shall execute and deliver to
the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of US$3,500, which fee may be waived
by the Administrative Agent in its sole discretion; and (vii) in respect of a Tranche A Loan or a Tranche C Loan, there will remain at
least two Tranche A Lenders and at least two Tranche C Lenders after the assignment. Subject to acceptance and recording thereof by the
Administrative Agent pursuant to Section 9.7(c), 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 3.1 (with respect to periods it was a
Lender), 3.4, 3.5, 9.4 and 9.5 with respect to facts and circumstances occurring prior to the effective date
of such assignment). Upon request, each 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 but does comply with Section
9.7(d) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations
in accordance with Section 9.7(d). If the Eligible Assignee is required to deliver documents pursuant to Section 9.15, it
shall deliver those documents to the applicable Borrower and the Administrative Agent in accordance with Section 9.15.


 


(c)       The
Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, 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 (and stated interest on) the Loans owing to each Lender pursuant to the terms hereof
from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the
Borrowers, the Administrative Agent and the Lenders shall 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 Borrowers 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, any Borrower, the Administrative Agent or any Swing Line Lender, sell participations
to any Person (other than a natural person, a Borrower or any of the Borrowers’ Affiliates or any Person that is, or is affiliated
with, a vehicle finance company affiliate of a vehicle manufacturer) (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 Swing Line Loans) owing to it); provided that (i) such Lender’s obligations


 




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under this Agreement shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such
obligations, (iii) in the case of TMFNL, the amount of such participations sold shall not be less than the Dollar Equivalent of EUR
100,000 or any other amount (or meeting any other criterion) as at any time ensures that it does not qualify as attracting funds
from the “public” under or pursuant to the Netherlands Financial Supervision Act (wet op het financieel toezicht)
and (iv) the Borrowers, 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 9.1 that directly affects such Participant. Subject to subsection (e) of this
Section, the Borrowers agree that each Participant shall be entitled to the benefits of Sections 3.1, 3.4 and 3.5
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 Section 9.9 as though it were a
Lender, provided such Participant agrees to be subject to Section 2.12 as though it were a Lender. Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it
enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest
in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no
Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other
obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such
commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury
Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each
Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative
Agent) shall have no responsibility for maintaining a Participant Register.


 


(e)       A
Participant shall not be entitled to receive any greater payment under Sections 3.1, 3.4 or 3.5 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 Borrowers’ prior written consent. A Participant shall not be entitled to the benefits of Section
3.1 unless the Borrowers are notified of the participation sold to such Participant and such Participant agrees, for the benefit of
each Borrower, to comply with Section 9.15 as though it were a Lender.


 


(f)       Each
Lender that sells a participation interest in all or a portion of such Lender’s rights and obligations under this Agreement shall
record, acting solely for this purpose as non-fiduciary agent of the Borrowers, in book entries (as defined in Temporary Treasury Regulation


 




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§5f.103-1) maintained by such Lender the name and
the amount of the participating interest of each Participant entitled to receive payments in respect of such participating interest.


 


(g)       Any
Lender may at any time, without the consent of, or notice to, any Borrower or the Administrative Agent, 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 or any central bank having jurisdiction over such Lender; 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.


 


(h)       Where
a Lender (the “Designating Lender”) has designated in its Administrative Questionnaire an Affiliate of the Designating
Lender as the entity which shall participate in or make Loans to a particular Borrower (i) the Commitment shall be held by the Designating
Lender, (ii) such Affiliate shall be entitled to all rights and benefits (other than voting rights, which remain with the Designating
Lender) under this Agreement relating to its participation in any Loan and (iii) the Designating Lender shall procure that such Affiliate
complies with the corresponding duties in relation to such Loan.


 


(i)       As used
herein, the following terms have the following meanings:


 


“Eligible Assignee”
means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person) approved
by (i) the Administrative Agent and (ii) unless an Event of Default under Section 7.1(a) or Section 7.1(f) has occurred
and is continuing with respect to such Borrower, the applicable Borrower (each such approval not to be unreasonably withheld or delayed,
reasonable considerations to include the credit rating/quality of such Person, whether such Person is, or is affiliated with, a vehicle
finance company affiliate of a vehicle manufacturer, or such Person would reasonably be expected to increase such Borrower’s payments
under or resulting from Article III); provided that, notwithstanding the foregoing (x) no Person shall qualify as an Eligible
Assignee without the approval of each Swing Line Lender (such approval not to be unreasonably withheld or delayed), (y) “Eligible
Assignee” shall not include a Borrower or any of the Borrowers’ Affiliates and (z) “Eligible Assignee” shall not
include any Person that is not a regulated lending institution in the United States, Canada, Japan, Australia, the United Kingdom or the
European Union.


 


“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.


 


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


 




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Section
9.8 Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers,
employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such
disclosure is made have been informed of the confidential nature of such Information and have agreed to keep such Information
confidential); (b) to the extent requested by any regulatory authority or self-regulatory body, including in connection with a
pledge or assignment in accordance with Section 9.7(g); (c) to the extent required by applicable Laws or by any subpoena or
similar legal process provided that the Borrowers are given prompt notice of such subpoena or other process (unless the
Administrative Agent or Lender is legally prohibited from giving such notice); provided that such Person shall not be held
liable for the failure to provide such notice; (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 or credit insurance transaction relating to
obligations of a Borrower; (g) with the consent of the applicable 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 or any Lender on
a nonconfidential basis from a source other than a Borrower, who did not acquire such information as a result of a breach of this
Section; or (i) to the National Association of Insurance Commissioners or any other similar organization. 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
Loans. For the purposes of this Section, “Information” means all information received from a Borrower relating to
such Borrower 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 such Borrower; provided that, in the case of information received from a
Borrower after the date hereof, such information is clearly identified in writing at the time of delivery as confidential. Other
than with respect to the information referenced in clause (z) of the final paragraph of Section 6.1, 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.


 


Section 9.9
Set-off. Upon the occurrence and during the continuance of any Event of Default with respect to a Borrower, nothing in this Agreement
shall preclude any Lender, at any time and from time to time, from exercising any right of set-off, counterclaim, or other rights it may
have independent of and otherwise than under this Agreement or from applying amounts realized against any and all Obligations owing by
such Borrower to such Lender hereunder or


 




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under any other Loan Document,
now or hereafter existing; provided that in the event that any Defaulting Lender shall exercise any such right of set-off, (x)
all amounts so set-off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions
of Section 2.17 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in
trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative
Agent a statement describing in reasonable detail the obligations owing to such Defaulting Lender as to which it exercised the right of
set-off. Each Lender agrees promptly to notify the applicable 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.


 


Section 9.10
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 applicable
Borrower.


 


Section 9.11 Counterparts; Electronic Execution.


 


(a)       This
Agreement 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 of an executed counterpart of a signature page of any Loan Document, Committed Loan Notice, Swing
Line Loan Notice or Assignment and Assumption by facsimile or in electronic (i.e., “pdf” or “tif”) format shall
be effective as of delivery of a manually executed counterpart thereof.


 


(b)       The
words “execution,” “signed,” “signature” and words of like import in any Loan Document, Committed
Loan Notice, Swing Line Loan Notice and Assignment and Assumption shall be deemed to include electronic signatures or electronic records,
each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided in any applicable Law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act.


 


Section 9.12
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.


 




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Section 9.13
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 Borrowing and shall continue in full force and effect
as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied.


 


Section 9.14
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.


 


Section 9.15 Tax Forms.


 


(a)       (i)
Each Tranche A 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 TMCC (with a copy to the Administrative Agent), prior to becoming a party to
this Agreement (or upon accepting an assignment of an interest herein) two duly signed completed copies of (x) IRS Form W-8BEN,
W-8BEN-E or any successor thereto (relating to such Foreign Lender and entitling it to an exemption from, or reduction of,
withholding tax on payments to be made to such Foreign Lender pursuant to this Agreement), (y) IRS Form W-8ECI or any successor
thereto (relating to payments to be made to such Foreign Lender pursuant to this Agreement) or (z) such other evidence satisfactory
to TMCC 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) or 871(h) of the Code. Thereafter and from time to time, and as reasonably
requested by TMCC in writing, each such Foreign Lender shall, to the extent it may lawfully do so, (A) promptly submit to TMCC (with
a copy 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 TMCC 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 TMCC 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 Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of
applicable Laws that TMCC make any deduction or


 




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withholding for or on account of
United States taxes from amounts payable to such Foreign Lender. In addition, in relation to all payments to be made to a Tranche A Lender
by TFSUK, such Lender shall cooperate, to the extent it is able to do so, with TFSUK in completing any procedural formalities necessary
for TFSUK to obtain authorization to make such a payment without a deduction or withholding for or on account of UK Taxes including, to
the extent reasonably practicable, making and filing an appropriate application for relief under a double taxation agreement; provided
that, nothing in this Agreement shall require a UK Treaty Lender to register under the HMRC DT Treaty Passport scheme or apply the HMRC
DT Treaty Passport scheme to any loan if it has so registered and if a Lender has not confirmed its scheme reference number and jurisdiction
of tax residence in accordance with Section 9.15(a)(ix) below, no Borrower shall make a DTTP Filing or file any other form relating
to the HMRC DT Treaty Passport scheme in respect of that Lender’s Commitment(s) or its participation in any Loan unless the Lender
otherwise agrees.


 


(ii)       [Reserved].


 


(iii)       With
respect to each Tranche A Lender, to the extent under applicable Law such Lender can provide TKG with a certificate, statement or form
required by the German taxing authorities in order to be eligible for exemption from, or reduction of, withholding taxes under German
tax law, such Lender shall execute and deliver such certificate, statement or form at the time it becomes a party to this Agreement and
from time to time as reasonably requested by TKG.


 


(iv)       As
of the date that each Lender becomes a Tranche A Lender under this Agreement, each such Lender represents and warrants to the Administrative
Agent and TCPR that it is an Exempt Lender and agrees that, if Puerto Rico or United States taxing authorities at any time after the date
of this Agreement require that such Lender deliver any certificate, statement or form as a condition to exemption from, or reduction of,
withholding taxes under the Puerto Rico Code or the Code on any payments by TCPR to such Lender under this Agreement, such Lender shall
deliver such certificate, statement or form to the Administrative Agent prior to becoming a party to this Agreement (or upon accepting
an assignment of an interest herein). Thereafter and from time to time or as reasonably requested by TCPR in writing, each such Lender,
to the extent it may lawfully do so, shall (A) promptly submit to TCPR (with a copy to the Administrative Agent) such duly completed and
signed certificates, statements or forms as shall be adopted from time to time by the relevant Puerto Rico or United States taxing authorities
and such other evidence as is satisfactory to TCPR of any available exemption from, or reduction of, Puerto Rico and United States withholding
taxes in respect of all payments to be made to such Lender by TCPR 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 Lender, and as may be reasonably necessary (including
the re-designation of its Lending Office) to avoid any requirement of applicable Laws that TCPR make any deduction or withholding on or
account of Puerto Rico taxes from amounts payable to such Lender.


 




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(v)       If
a payment made to the Administrative Agent or a Tranche A Lender hereunder would be subject to U.S. federal withholding tax imposed by
FATCA if the Administrative Agent or such Tranche A Lender were to fail to comply with the applicable requirements of FATCA (including
those contained in Section 1471(b) or 1472(b) of the Code, as applicable), the Administrative Agent or such Tranche A Lender shall deliver
to TMCC and the Administrative Agent, as applicable, at the time or times prescribed by law and at such time or times reasonably requested
by TMCC or the Administrative Agent, such documentation prescribed by applicable Law (including as prescribed by Section 1471(b)(3)(C)(i)
of the Code) and such additional documentation reasonably requested by TMCC or the Administrative Agent as may be necessary for TMCC or
the Administrative Agent to comply with its obligations under FATCA, to determine that the Administrative Agent or such Tranche A Lender
has complied with its obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for
purposes of this clause (v), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.


 


(vi)       Each
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 Lender under any of the Loan Documents (for example, in the case of a typical participation by such Lender), shall deliver to TMCC
(with a copy to the Administrative Agent) on the date when such 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 TMCC or the Administrative Agent (in
the reasonable exercise of its discretion), (A) two duly signed completed copies of the certificates, statements or forms required to
be provided by such Lender as set forth above, to establish the portion of any such sums paid or payable with respect to which such Lender
acts for its own account that is not, in the case of a Tranche A Lender, subject to Puerto Rico or United States withholding tax; and
(B) any information such Lender chooses to transmit with such certificates, statements or forms, and any other certificate or statement
of exemption required under the Code.


 


(vii)       No
Borrower (other than TFSUK) shall be required to pay any additional amount to any Lender under Section 3.1 (A) with respect to
any Taxes required to be deducted or withheld on the basis of the information, certificates or statements of exemption such Lender transmits
pursuant to this Section 9.15(a) or (B) if such Lender shall have failed to satisfy its obligations under this Section 9.15(a);
provided that if such Lender shall have satisfied the requirement of this Section 9.15(a) on the date such 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
9.15(a) shall relieve such Borrower of its obligation to pay any amounts pursuant to Section 3.1 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 Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date
establishing the fact that such Lender or other Person for the account of which such 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.


 




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(viii)       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 a Borrower is not required to pay additional amounts under this Section 9.15(a).


 


(ix)       (A)
A UK Treaty Lender or a US LLC Lender, which becomes party hereto on the date hereof that holds a passport under the HMRC DT Treaty Passport
scheme, and which wishes that scheme to apply to this Agreement, shall confirm its scheme reference number and its jurisdiction of tax
residence opposite its name in Schedule 2.1; and (B) a UK Treaty Lender or a US LLC Lender, which becomes a party hereto after
the date hereof that holds a passport under the HMRC DT Treaty Passport scheme, and which wishes that scheme to apply to this Agreement,
shall confirm its scheme reference number and its jurisdiction of tax residence in the Assignment and Assumption which it executes, and,
in each case, having done so, that Lender shall be under no obligation pursuant to Section 9.15(a)(i) above in relation to all
payments to be made by TFSUK to such Lender.


 


(x)       If
a Lender has confirmed its scheme reference number and its jurisdiction of tax residence in accordance with Section 9.15(ix) above
and (A) TFSUK has not made a DTTP Filing in respect of that Lender; or (B) TFSUK has made a DTTP Filing in respect of that Lender but
(1) that DTTP Filing has been rejected by HM Revenue & Customs; or (2) HM Revenue & Customs has not given TFSUK authority to make
payments to that Lender without a deduction or withholding for or on account of UK Taxes within 60 days of the date of the DTTP Filing,
and in each case, TFSUK has notified that Lender in writing, that Lender and TFSUK shall cooperate in completing any additional procedural
formalities necessary for TFSUK to obtain authorization to make that payment without a deduction or withholding for or on account of UK
Taxes.


 


(xi)       TFSUK
shall, promptly on making a DTTP Filing, deliver a copy of that DTTP Filing to the Administrative Agent for delivery to the relevant Lender.


 


(b)       Upon
the request of TMCC or the Administrative Agent in writing, 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 TMCC or the Administrative Agent may withhold from any interest payment to such Lender an amount
equivalent to the applicable back-up withholding tax imposed by the Code and no party hereto shall have any obligation to pay any additional
amount to any Lender under Section 3.1 in respect of such withholding.


 


(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.


 




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Section 9.16 Australian GST.


 


(a)       All
consideration, relating to TFA’s participation hereunder, to be paid or provided under or in connection with this Agreement has
been calculated without regard to GST. If all or part of any such consideration is the consideration for a taxable supply or chargeable
with GST then, when the recipient of the taxable supply provides the consideration (or first part of it):


 


		(i)	it must pay to the supplier an additional amount equal to that consideration (or
part) multiplied by the appropriate rate of GST as provided for under the relevant GST Law; and



 


		(ii)	the supplier will promptly provide to the recipient a tax invoice complying with
the relevant law relating to GST.



 


(b)       However,
if an adjustment event (for the purposes of the relevant GST Law) arises in respect of any consideration provided by a recipient for a
taxable supply which is chargeable with GST then the additional amount paid pursuant to Section 9.16(a) must be adjusted to reflect
the adjustment event and the recipient or the supplier (as the case may be) must make any payments necessary to reflect the adjustment.


 


(c)       This
Section 9.16 does not apply to the extent that the GST on the supply is payable by the recipient under Division 84 of the GST Act.


 


(d)       A
term which has a defined meaning in the GST Law has the same meaning when used in this Section 9.16. For the purposes of this Section
9.16: (i) “GST” has the same meaning as given to the term “GST” under the GST Act; (ii) “GST
Act” means the Australian A New Tax System (Goods and Services Tax) Act 1999 of Australia; and “GST Law”
has the same meaning as given to the term “GST law” under the GST Act.


 


Section 9.17 Replacement of Lenders.


 


(a)       Under
any circumstances set forth herein providing that a Borrower shall have the right to replace a Lender as a party to this Agreement
and (i) if any Lender is a Defaulting Lender or (ii) any Lender fails to consent to an amendment, modification or waiver of this
Agreement that pursuant to the terms hereof requires consent of all of the Lenders or all of the Lenders affected thereby
(provided that, (x) such amendment, modification, waiver or currency request has been consented to by the Required Lenders
and (y) all such non-consenting Lenders are replaced on the same terms) or (iii) any Lender provides written notice under Section
3.8(a) of its objection to any amendment providing a Benchmark Replacement, TMCC may, upon notice to such Lender and the
Administrative Agent, replace such Lender by causing such Lender to assign its Commitment (with the assignment fee to be paid by
TMCC in such instance) pursuant to Section 9.7(b) to one or more other Lenders or Eligible Assignees procured by TMCC; provided,
however, that if TMCC elects to exercise such rights with respect to any Lender pursuant to Section 3.6(c), it shall be
obligated to replace all Lenders that have made similar requests for compensation pursuant to Section 3.1 or 3.4. The
applicable Borrower shall (y) pay in full all principal, accrued interest, accrued fees and other amounts owing to such


 




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Lender through the date of replacement (including any
amounts payable pursuant to Section 3.5) and (z) release such Lender from its obligations under the Loan Documents.


 


(b)       Each
party hereto agrees that (i) an assignment required pursuant to this Section 9.17 may be effected pursuant to an Assignment and
Assumption executed by the applicable Borrower, the Administrative Agent and the assignee and (ii) the Lender required to make such assignment
need not be a party thereto in order for such assignment to be effective and shall be deemed to have consented to and be bound by the
terms thereof; provided that, following the effectiveness of any such assignment, the other parties to such assignment agree to
execute and deliver such documents as may be reasonably requested by the applicable Lender to evidence such assignment; provided,
further that any such documents shall be without recourse to or warranty by the parties thereto. The Administrative Agent will
promptly notify the Lender required to make an assignment of any such assignment effected in accordance with this Section 9.17.


 


Section 9.18 Governing Law.


 


(a)       THIS
AGREEMENT SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, 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.


 


(b)       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 THE COUNTY OF NEW YORK IN THE CITY OF NEW YORK OR OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF SUCH
STATE SITTING IN THE COUNTY OF NEW YORK IN THE CITY OF NEW YORK, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH BORROWER, THE ADMINISTRATIVE
AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH 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. EACH 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.


 


(c)       EACH
BORROWER OTHER THAN TMCC HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS TMCC, IN THE CASE OF ANY SUIT, ACTION OR PROCEEDING BROUGHT
IN THE UNITED STATES OF AMERICA AS ITS


 




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DESIGNEE, APPOINTEE AND AGENT TO
RECEIVE, ACCEPT AND ACKNOWLEDGE FOR AND ON ITS BEHALF, AND IN RESPECT OF ITS PROPERTY, SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS,
NOTICES AND DOCUMENTS THAT MAY BE SERVED IN ANY ACTION OR PROCEEDING ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY LOAN DOCUMENT,
AND TMCC HEREBY IRREVOCABLY ACCEPTS SUCH DESIGNATION, APPOINTMENT AND EMPOWERMENT. SUCH SERVICE MAY BE MADE BY MAILING (BY REGISTERED
OR CERTIFIED MAIL, POSTAGE PREPAID) OR DELIVERING A COPY OF SUCH PROCESS TO SUCH BORROWER IN CARE OF TMCC AT TMCC’S ADDRESS SPECIFIED
IN SCHEDULE 9.2, AND EACH BORROWER HEREBY IRREVOCABLY AUTHORIZES AND DIRECTS TMCC TO ACCEPT SUCH SERVICE ON ITS BEHALF. AS AN ALTERNATIVE
METHOD OF SERVICE, THE BORROWER IRREVOCABLY CONSENTS TO THE SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING
(BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID) OF COPIES OF SUCH PROCESS TO TMCC OR THE BORROWER OR SUCH LOAN PARTY AT ITS ADDRESS
SPECIFIED IN SCHEDULE 9.2. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY APPLICABLE LAW.


 


Section 9.19
No Advisory or Fiduciary Responsibility In connection with all aspects of each transaction contemplated hereby (including in connection
with any amendment, waiver or other modification hereof or of any other Loan Document), each Borrower acknowledges and agrees, and acknowledges
its Affiliates’ understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative
Agent, the Sub-Agents, the Arrangers and the Lenders are arm’s-length commercial transactions between such Borrower and its Affiliates,
on the one hand, and the Administrative Agent, the Sub-Agents, the Arrangers and the Lenders, on the other hand, (B) such Borrower has
consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) such Borrower is capable
of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan
Documents; (ii) (A) each of the Administrative Agent, the Sub-Agents, the Arrangers and the Lenders is and has been acting solely as a
principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor,
agent or fiduciary for such Borrower or any of its Affiliates, or any other Person and (B) none of the Administrative Agent, the Sub-Agents,
the Arrangers or the Lenders has any obligation to such Borrower or any of its Affiliates with respect to the transactions contemplated
hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Sub-Agents,
the Arrangers and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that
differ from those of such Borrower and its Affiliates, and neither the Administrative Agent, nor any Sub-Agent, nor any Arranger, nor
any Lender has any obligation to disclose any of such interests to the Borrower or its Affiliates. To the fullest extent permitted by
law, each of the Borrowers hereby waives and releases any claims that it may have against the Administrative Agent, the Sub-Agents, the
Arrangers and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any
transaction contemplated hereby.


 




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Section
9.20 PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself
and not on behalf of any Lender) hereby notifies each Borrower that, pursuant to the requirements of the USA PATRIOT Act (Title III of
Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information
that identifies such Borrower, which information includes the name and address of such Borrower and other information that will allow
such Lender or the Administrative Agent, as applicable, to identify such Borrower in accordance with the Act, and each Borrower agrees
to provide such information in its possession upon the reasonable request of a Lender or the Administrative Agent.


 


Section
9.21 Judgment. (a) If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder in any
currency (the “Primary Currency”) into another currency, the parties hereto agree, to the fullest extent that they
may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative
Agent could purchase the applicable Primary Currency with such other currency at BNP Paribas’s principal office in London at 11:00
a.m. (London time) on the Business Day preceding that on which final judgment is given.


 


(b)       The
obligation of any Borrower in respect of any sum due from it in the applicable Primary Currency to any Lender or the Administrative Agent
hereunder shall, notwithstanding any judgment in any other currency, be discharged only to the extent that on the Business Day following
receipt by such Lender or the Administrative Agent (as the case may be), of any sum adjudged to be so due in such other currency, such
Lender or the Administrative Agent (as the case may be) may in accordance with normal banking procedures purchase the applicable Primary
Currency with such other currency; if the amount of the applicable Primary Currency so purchased is less than such sum due to such Lender
or the Administrative Agent (as the case may be) in the applicable Primary Currency, such Borrower agrees, as a separate obligation and
notwithstanding any such judgment, to indemnify such Lender or the Administrative Agent (as the case may be) against such loss, and if
the amount of the applicable Primary Currency so purchased exceeds such sum due to any Lender or the Administrative Agent (as the case
may be) in the applicable Primary Currency, such Lender or the Administrative Agent (as the case may be) agrees to remit to such Borrower
such excess.


 


Section
9.22 Acknowledgement and Consent to Bail-In of Certain Financial Institutions. Notwithstanding anything to the contrary in this
Agreement or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability
of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the
Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be
bound by:


 


(a)       the
application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which
may be payable to it by any party hereto that is an Affected Financial Institution; and


 




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(b)       the
effects of any Bail-in Action on any such liability, including, if applicable:


 


		(i)	a reduction in full or in part or cancellation of any such liability;



 


		(ii)	a conversion of all, or a portion of, such liability into shares or other instruments of ownership in
such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on
it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability
under this Agreement or any other Loan Document; or



 


		(iii)	the variation of the terms of such liability in connection with the exercise of
the Write-Down and Conversion Powers of the applicable Resolution Authority.



 


Section
9.23 Stay Provisions. Notwithstanding and to the exclusion of any other term of this Agreement or any other agreements, arrangements,
or understanding between or among the parties to this Agreement, each of the parties to this Agreement acknowledges and accepts that if
a transaction relating to or under this Agreement qualifies as a Covered Agreement and relates to a Regulated Entity, and only to the
extent that any relevant party is not an Excluded Counterparty:


 


		(a)	the provisions regarding:



 


		(i)	the suspension of any payment or delivery obligation in accordance with articles
33a and 69 BRRD as implemented by the applicable national law;



 


		(ii)	the restriction of enforcement of any security interest in accordance with article
70 BRRD as implemented by the applicable national law; and/or



 


		(iii)	the suspension of any termination rights and other contractual rights under the
transaction in accordance with article 71 BRRD as implemented by the applicable national law,



 


may be applied to the transaction;


 


		(b)	the provisions regarding the exclusion of certain contractual terms in early intervention
and resolution in accordance with article 68 BRRD as implemented by the applicable national law will apply, and



 


		(c)	each of the parties accepts and agrees to be bound by the effect of a temporary
suspension of payment or delivery obligations, termination rights and other contractual rights or a temporary restriction of enforcement
of any security



 




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interest, in each case resulting
from the exercise of measures pursuant to articles 33a, 69, 70 and 71 BRRD as implemented by the applicable national law with respect
to the transaction, and accepts and agrees that they are bound by the provisions regarding the exclusion of certain contractual terms
in early intervention and resolution in accordance with article 68 BRRD as implemented by the applicable national law.


 


		(d)	The following defined terms shall apply to this Section 9.23:



 


“BRRD” means
Directive 2014/59/EU of the European Parliament and of the Council of the European Union, establishing a framework for the recovery and
resolution of credit institutions and investment firms, as amended or replaced from time to time;


 


“Covered
Agreement” means a financial contract within the meaning of article 2 (1) no. 100 BRRD as implemented by the applicable
national law which is governed by a law other than the law of a member state of the European Union;


 


“Excluded Counterparty”
means a “participant in a system”, an “operator of systems”, a “central counterparty”, or a “central
bank” pursuant to article 71 (3) BRRD as implemented by the applicable national law; and


 


“Regulated Entity”
means any entity that is subject to the requirements set forth under Article 71a of BRRD as transposed by the relevant national law.


 


Section 9.24
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.


 


[Signature pages follow]


 




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Toyota - 364 Day Credit Agreement


     


    

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


 


	 	TOYOTA MOTOR CREDIT CORPORATION
	 	 
	 	 


	 	By: /s/ James Schofield
	 	Name: James Schofield
	 	Title: Group Vice President - Finance,

        Treasury, Competitiveness, and

        Mergers & Acquisitions





     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	TOYOTA MOTOR FINANCE

                                              (NETHERLANDS) B.V.

	 	 
	 	 
	 	By: /s/ Akihiko Sekiguchi
	 	Name: Akihiko Sekiguchi
	 	Title: CFO & EVP




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	TOYOTA FINANCIAL SERVICES (UK) PLC
	 	 
	 	 
	 	By: /s/ Francis Kenny
	 	Name: Francis Kenny
	 	Title:  Managing  Director  and  CEO




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	TOYOTA CREDIT DE PUERTO RICO CORP.
	 	 
	 	 
	 	By: /s/ James Schofield
	 	Name: James Schofield
	 	Title: Group Vice President – Finance,

                                    Treasury, Competitiveness, Mergers &

                                    Acquisitions

	 	Toyota Motor Credit Corporation




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	TOYOTA CREDIT CANADA INC.
	 	 
	 	 
	 	By:/s/ Fernando Belfiglio
	 	Name: Fernando Belfiglio
	 	Title: Vice-President, Finance




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	TOYOTA KREDITBANK 

GMBH
	 	 
	 	 
	 	By: /s/ Christian Ruben
	 	Name: Christian Ruben
	 	Title: Managing Director
	 	 
	 	 
	 	By: /s/ George Juganar
	 	Name: George Juganar
	 	Title: Managing Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	TOYOTA FINANCE AUSTRALIA LIMITED
	 	 
	 	 
	 	By: /s/ Adam Hopkins
	 	Name: Adam Hopkins
	 	Title: Company Secretary
	 	 
	 	 
	 	By:  /s/ Pasquale Guerrera
	 	Name: Pasquale Guerrera
	 	Title: Chief Financial Officer




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BNP PARIBAS, as Administrative Agent, a Swing

                           Line Agent, a Swing Line Lender and a Lender

	 	 
	 	 
	 	By: /s/ Christopher Sked
	 	Name: Christopher Sked 
	 	Title: Managing Director
	 	 
	 	 
	 	By: /s/ Nicolas Doche
	 	Name: Nicolas Doche
	 	Title: Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BNP PARIBAS, acting through its Canada Branch,

                           as a Lender

	 	 
	 	 
	 	By: /s/ Nicolas Brazeau
	 	Name: Nicolas Brazeau
	 	Title: Director
	 	 
	 	 
	 	By: /s/ Jean Rolin
	 	Name: Jean Rolin
	 	Title: Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BNP PARIBAS, AUSTRALIA BRANCH,
	 	as a Swing Line Lender
	 	 
	 	By: /s/ Mark Hutchinson
	 	Name: Mark Hutchinson
	 	Title:
	 	 
	 	 
	 	By: /s/ Pierre Floriat
	 	Name: Pierre Floriat
	 	Title: Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BNP PARIBAS LONDON,
	 	as a Swing Line Agent
	 	 
	 	 
	 	By: /s/ Ben South
	 	Name: Ben South
	 	Title: Director
	 	 
	 	By: /s/ Louise Watts
	 	Name: Louise Watts
	 	Title: Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BNP PARIBAS, ACTING THROUGH ITS

                                              SINGAPORE BRANCH,

	 	as Australian Sub-Agent and a Swing Line Agent
	 	 
	 	 
	 	By: /s/ Emmanuel Muchembled
	 	Name: Emmanuel Muchembled
	 	Title: Authorised Signatory
	 	 
	 	 
	 	By: /s/ Joelle Neo
	 	Name: Joelle Neo
	 	Title: Authorised Signatory




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	CITIBANK, N.A., as a Syndication Agent, Swing

                           Line Lender and a Lender

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




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	CITIBANK, N.A., CANADIAN BRANCH,
	 	as a Lender
	 	 
	 	 
	 	By: /s/ Jawdat Sha’sha’a
	 	Name: Jawdat Sha’sha’a
	 	Title: Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	CITIBANK, N.A., SYDNEY BRANCH,
	 	as a Swing Line Lender and a Lender
	 	 
	 	 
	 	By: /s/ Daniel Gouger
	 	Name: Daniel Gouger
	 	Title: Director
	 	 
	 	By: /s/ Roderick Hill
	 	Name: Roderick Hill
	 	Title: Managing Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BANK OF AMERICA, N.A.,
	 	as a Syndication Agent, Swing Line Lender and a

        Lender

	 	 
	 	 
	 	By: /s/ Myrna F Green
	 	Name: Myrna F Green
	 	Title: Assistant Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BANK OF AMERICA, N.A., CANADA

                                                                   BRANCH,

	 	as a Lender
	 	 
	 	 
	 	By: /s/ Medina Sales de Andrade
	 	Name: Medina Sales de Andrade
	 	Title: Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	MUFG BANK, LTD,
	 	as a Syndication Agent and as a Lender
	 	 
	 	 
	 	By: /s/ Kohei Omori
	 	Name: Kohei Omori
	 	Title: Managing Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender
	 	 
	 	 
	 	By: /s/ Trisha Lesch
	 	Name: Trisha Lesch
	 	Title: Executive Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	SUMITOMO MITSUI BANKING

                                              CORPORATION,

	 	as a Lender
	 	 
	 	 


	 	By:	/s/ Teruaki Onishi
	 	Name:	Teruaki Onishi
	 	Title:	Executive Director
	 	 	Japanese and Asian Corporate
	 	 	Banking Department




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	SUMITOMO MITSUI BANKING

                                              CORPORATION

	 	as a Lender
	 	 
	 	 
	 	By: /s/ Satoki Inagaki
	 	Name: Satoki Inagaki
	 	Title: Managing Director
	 	Corporate Banking Department 1
	 	 
	 	By: /s/ Masaki Matsumoto
	 	Name: Masaki Matsumoto
	 	Title: Executive Director
	 	Corporation Banking Department 1




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	SUMITOMO MITSUI BANKING

                                              CORPORATION, SYDNEY BRANCH

	 	as a Lender
	 	 
	 	 
	 	By: /s/ Takenori Senoo
	 	Name: Takenori Senoo
	 	Title: Managing Director, Japanese and Korean

        Corporate Banking, Asia Pacific

	 	 
	 	By: /s/ Garth Olling
	 	Name: Garth Olling
	 	Title: Joint General Manager, Sydney Branch




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	SUMITOMO MITSUI BANKING

                                                                   CORPORATION, CANADA BRANCH,

	 	as a Lender
	 	 
	 	 
	 	By: /s/ Hirotaka Yamamoto
	 	Name: Hirotaka Yamamoto
	 	Title: Executive Director
	 	Head of Corporate Banking Japanese & Asian




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	MIZUHO BANK, LTD.,
	 	as a Lender
	 	 
	 	 
	 	By: /s/ Takeharu Shimura
	 	Name: Takeharu Shimura
	 	Title: Managing Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	ROYAL BANK OF CANADA,
	 	as a Lender
	 	 
	 	 
	 	By: /s/ Benjamin Lennon
	 	Name: Benjamin Lennon
	 	Title: Authorized Signatory




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	SOCIÉTÉ GENERALE, as a Lender
	 	 
	 	 
	 	By: /s/ Kimberly Metzger
	 	Name: Kimberly Metzger
	 	Title: Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	THE HONGKONG AND SHANGHAI

                                              BANKING CORPORATION LIMITED,

	 	as a Lender
	 	 
	 	 
	 	By: /s/ Stephen Norman David Brade
	 	Name: Stephen Norman David Brade
	 	Title: Managing Director, Head of Multinationals,
	 	Asia Pacific




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BARCLAYS BANK IRELAND PLC,
	 	as a Lender
	 	 
	 	 
	 	By: /s/ Christopher Sact
	 	Name: Christopher Sact
	 	Title: Asset Manager




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	THE TORONTO-DOMINION BANK, NEW

                                              YORK BRANCH,

	 	as a Lender
	 	 
	 	 
	 	By: /s/ David Perlman
	 	Name: David Perlman
	 	Title: Authorized Signatory




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	THE TORONTO-DOMINION BANK,
	 	as a Lender
	 	 
	 	 
	 	By: /s/ David Perlman
	 	Name: David Perlman
	 	Title: Authorized Signatory




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	THE TORONTO-DOMINION BANK, as
	 	Lending Office for Loans to TFSUK,

        as a Lender

	 	 
	 	 
	 	By: /s/ Paul Needs
	 	Name: Paul Needs
	 	Title: Authorized Signatory




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	AUSTRALIA AND NEW ZEALAND

                                              BANKING GROUP LIMITED,

	 	as a Lender
	 	 
	 	 
	 	By: /s/ Cynthia Dioquino
	 	Name: Cynthia Dioquino
	 	Title: Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BANCO SANTANDER, S.A., NEW YORK

                                              BRANCH,

	 	as a Lender
	 	 
	 	 


	 	By: /s/ Andres Barbosa
	 	Name: Andres Barbosa
	 	Title: Managing Director
	 	 
	 	By: /s/ Daniel Kostman
	 	Name: Daniel Kostman
	 	Title: Executive Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	COMMERZBANK AG, NEW YORK

                                              BRANCH,

	 	as a Lender
	 	 
	 	 


	 	By: /s/ Michael Ravelo
	 	Name:  Michael Ravelo
	 	Title:  Managing Director
	 	 
	 	By:  /s/ Matthew Ward
	 	Name:  Matthew Ward
	 	Title:  Managing Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	U.S. BANK NATIONAL ASSOCIATION,
	 	as a Lender
	 	 
	 	 


	 	By:  /s/ Jeffrey S Johnson
	 	Name:  Jeffrey S Johnson
	 	Title:	 Senior Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	CREDIT AGRICOLE CORPORATE AND

                                              INVESTMENT BANK,

	 	as a Lender
	 	 
	 	 


	 	By: /s/ Andrew Sidford
	 	Name:  Andrew Sidford
	 	Title:  Managing Director
	 	 
	 	By:  /s/ Gordon Yip
	 	Name:  Gordon Yip
	 	Title:  Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	MORGAN STANLEY BANK, N.A.,
	 	as a Lender
	 	 
	 	 


	 	By:  /s/ Michael King
	 	Name:  Michael King
	 	Title:	 Authorized Signatory




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BANK OF MONTREAL,
	 	as a Lender
	 	 
	 	 


	 	By:  /s/ Chris Clark
	 	Name:  Chris Clark
	 	Title:  Managing Director
	 	 
	 	By:  /s/ Sean Gallaway
	 	Name:  Sean Gallaway
	 	Title:  Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BANK OF MONTREAL, LONDON BRANCH
	 	as a Lender
	 	 
	 	 


	 	By:  /s/ Richard Pittam
	 	Name:  Richard Pittam
	 	Title:  Managing Director
	 	 
	 	By:  /s/ Scott Matthews
	 	Name:  Scott Matthews
	 	Title:  CFO




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	CANADIAN IMPERIAL BANK OF

                                              COMMERCE,

	 	as a Lender
	 	 
	 	 


	 	By:  /s/ Sushant Pathak
	 	Name:  Sushant Pathak
	 	Title:  Executive Director
	 	 
	 	By:  /s/ Kevin Burnett
	 	Name:  Kevin Burnett
	 	Title:  Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	CANADIAN IMPERIAL BANK OF

                                              COMMERCE, NEW YORK BRANCH,

	 	as a Lender
	 	 
	 	 


	 	By:  /s/ Albert Comas
	 	Name:  Albert Comas
	 	Title:  Authorized Signatory
	 	 
	 	By:  /s/ Andrew Millane
	 	Name:  Andrew Millane
	 	Title:  Authorized Signatory




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	CANADIAN IMPERIAL BANK OF

                                              COMMERCE, LONDON BRANCH,

	 	as a Lender
	 	 
	 	 


	 	By:  /s/ Alex Wilson
	 	Name:  Alex Wilson
	 	Title:  Managing Director & Head, Corporate

        Banking Europe

	 	 
	 	By:  /s/ Mariana Dacheva
	 	Name:  Mariana Dacheva
	 	Title:  Executive Director, Corporate Banking

        Europe





     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	THE BANK OF NOVA SCOTIA,
	 	as a Lender
	 	 
	 	 


	 	By:	 /s/ Melissa Ruha
	 	Name:  Melissa Ruha
	 	Title:  Director




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	THE BANK OF NEW YORK MELLON,
	 	as a Lender
	 	 
	 	 


	 	By:	/s/ Tak Cheng
	 	Name: Tak Cheng
	 	Title: Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	THE NORTHERN TRUST COMPANY,
	 	as a Lender
	 	 
	 	 


	 	By:	/s/ Will Hicks
	 	Name: Will Hicks
	 	Title: Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	UNICREDIT BANK AG, NEW YORK

                                              BRANCH,

	 	as a Lender
	 	 
	 	 


	 	By: /s/ Tom Taylor
	 	Name: Tom Taylor
	 	Title: Managing Director
	 	 
	 	 
	 	By: /s/ Thomas Petz
	 	Name: Thomas Petz
	 	Title: Managing Director


 





 




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BANCO BRADESCO S.A., NEW YORK

                                              BRANCH,

	 	as a Lender
	 	 
	 	 


	 	By: /s/ Fernanda Oliveira Demori
	 	Name: Fernanda Demori
	 	Title: Sr. Analyst
	 	 
	 	 
	 	By: /s/ Bruna Uno de Souza
	 	Name: Bruna Uno
	 	Title: Analyst




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	BANK OF CHINA, NEW YORK BRANCH,
	 	as a Lender
	 	 
	 	 


	 	By: /s/ Raymond Qiao
	 	Name: Raymond Qiao
	 	Title: 	Executive Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	FIFTH THIRD BANK, N.A., as a Lender
	 	 
	 	 


	 	By:	/s/ Jody A. Shoup
	 	Name: Jody A. Shoup
	 	Title: Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	FIFTH THIRD BANK, N.A.,
	 	Operating through its Canadian Branch, as a Lender
	 	 
	 	 


	 	By:	/s/ John Basaraba
	 	Name: John Basaraba
	 	Title: Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

	 	SUMITOMO MITSUI TRUST BANK,

                                              LIMITED, NEW YORK BRANCH,

	 	as a Lender
	 	 
	 	 


	 	By:	/s/ Rumiko Endo
	 	Name: Rumiko Endo
	 	Title: Vice President




     
	 [Signature Page to Toyota 364-Day Credit Agreement]




     


    

SCHEDULE 2.1


 


COMMITMENTS


AND PRO
RATA SHARES


 


	Lender	Tranche A Commitment (US$)	Tranche B Commitment (US$)	Tranche C Commitment (US$)	Swing Line Commitment for US Dollars, Euro, Sterling and Canadian Dollars (US$)	Swing Line Commitment for Australian Dollars

(US$)	Commitment Cap (US$)
	BNP Paribas (Tranche B Commitment is held by BNP Paribas, acting through its Canada Branch), DTTP Number: 5/B/255139/DTTP	



333,333,333.33	



9,681,257.86	



53,347,555.55	



312,500,000.00	



44,466,666.67	



333,333,333.33
	Citibank, N.A. (Tranche B Commitment is held by Citibank, N.A., Canadian Branch), DTTP Number: 13/C/62301/DTTP	

333,333,333.33	

9,681,257.86	

53,347,555.55	

312,500,000.00	

44,466,666.66	

333,333,333.33
	Bank of America, N.A. (Tranche B Commitment is held by Bank of America, Canada Branch), DTTP Number: 13/B/7418/DTTP	

333,333,333.33	

9,681,257.86	

53,347,555.55	

312,500,000.00	

33,333,333.34	

333,333,333.33
	MUFG Bank, Ltd., DTTP

Number: 43/B/322072/DTTP	333,333,333.33	9,681,257.86	53,347,555.55	-	-	333,333,333.33
	JPMorgan Chase Bank, N.A., DTTP Number: 13/M/268710/DTTP	

333,333,333.33	

9,681,257.86	

53,347,555.55	

312,500,000.00	

44,466,666.66	

333,333,333.33




    1


     


    

	Lender	Tranche A Commitment (US$)	Tranche B Commitment (US$)	Tranche C Commitment (US$)	Swing Line Commitment for US Dollars, Euro, Sterling and Canadian Dollars (US$)	Swing Line Commitment for Australian Dollars

(US$)	Commitment Cap (US$)
	Sumitomo Mitsui Banking Corporation (Tranche B Commitment is held by Sumitomo Mitsui Banking Corporation, Canada Branch and Tranche C Commitment is held by Sumitomo Mitsui Banking Corporation, Sydney Branch), DTTP Number: 43/S/274647/DTTP	

268,333,333.34	

6,676,729.56	

23,339,555.56	

-	

-	

268,333,333.34
	Mizuho Bank, Ltd., DTTP Number: 43/M/274822/DTTP	268,333,333.34	6,676,729.56	23,339,555.56	-	-	268,333,333.34
	Royal Bank of Canada, DTTP Number: 3/R70780/DTTP	268,333,333.34	268,333,333.34	23,339,555.56	-	-	268,333,333.34
	Societe Generale, DTTP Number: 5/S/70085/DTTP	268,333,333.34	6,676,729.56	23,339,555.56	-	-	268,333,333.34
	The Hongkong and Shanghai Banking Corporation Limited, DTTP Number: 99/H/358123/DTTP	

268,333,333.34	

6,676,729.56	

23,339,555.56	

-	

-	

268,333,333.34
	Barclays Bank Ireland PLC, DTTP Number: 12/B/306094/DTTP	235,000,000.00	-	23,339,555.56	-	-	235,000,000.00
	The Toronto-Dominion Bank, DTTP Number: 3/T/80000/DTTP	235,000,000.00	235,000,000.00	23,339,555.56	-	-	235,000,000.00
	Australia and New Zealand Banking Group Limited, DTTP Number: 2/A/204986/DTTP	

166,666,666.67	

-	

166,666,666.67	

-	

166,666,666.67	

166,666,666.67
	Banco Santander, S.A., New York Branch, DTTP Number: 9/S/267974/DTTP	

166,666,666.66	

-	

-	

-	

-	

166,666,666.66
	Commerzbank AG, New York	166,666,666.66	-	-	-	-	166,666,666.66




    2


     


    

	Lender	Tranche A Commitment (US$)	Tranche B Commitment (US$)	Tranche C Commitment (US$)	Swing Line Commitment for US Dollars, Euro, Sterling and Canadian Dollars (US$)	Swing Line Commitment for Australian Dollars

(US$)	Commitment Cap (US$)
	Branch, DTTP Number: 7/C/25382/DTTP	 	 	 	 	 	 
	U.S. Bank National Association, DTTP Number: 13/U/62184/DTTP	

166,666,666.66	

6,676,729.55	

11,669,777.77	

-	

-	

166,666,666.66
	Credit Agricole Corporate and Investment Bank, DTTP Number: 005/C/0222082/DTTP	

156,666,666.67	

-	

11,669,777.77	

-	

-	

156,666,666.67
	Morgan Stanley Bank, N.A., DTTP Number: 13/M/307216/DTTP	

150,000,000.00	

-	

-	

-	

-	

150,000,000.00
	Bank of Montreal, DTTP Number: 3/M/270436/DTTP	91,666,666.67	91,666,666.67	-	-	-	91,666,666.67
	Canadian Imperial Bank of Commerce/ Canadian Imperial Bank of Commerce, London Branch (Tranche B Commitment is held by Canadian Imperial Bank of Commerce), DTTP Number: N/A	

91,666,666.67	

91,666,666.67	

11,669,777.77	

-	

-	

91,666,666.67
	The Bank of Nova Scotia, DTTP Number: 3/T/366714	91,666,666.67	91,666,666.67	11,669,777.78	-	-	91,666,666.67
	The Bank of New York Mellon, DTTP Number: 13/B/357401/DTTP	

50,000,000.00	

-	

-	

-	

-	

50,000,000.00
	The Northern Trust Company, DTTP Number: 13/N/60122/DTTP	

45,000,000.00	

-	

-	

-	

-	

45,000,000.00
	UniCredit Bank AG, New York Branch, DTTP Number:	45,000,000.00	-	11,669,777.78	-	-	45,000,000.00




    3


     


    

	Lender	Tranche A Commitment (US$)	Tranche B Commitment (US$)	Tranche C Commitment (US$)	Swing Line Commitment for US Dollars, Euro, Sterling and Canadian Dollars (US$)	Swing Line Commitment for Australian Dollars

(US$)	Commitment Cap (US$)
	7/U/237605/DTTP	 	 	 	 	 	 
	Banco Bradesco S.A., New York Branch, DTTP Number: N/A	33,333,333.33	-	-	-	-	33,333,333.33
	Bank of China, New York Branch, DTTP Number: 23/B/368424/DTTP	

33,333,333.33	

-	

-	

-	

-	

33,333,333.33
	Fifth Third Bank, N.A., DTTP Number: 13/F/24267/DTTP	33,333,333.33	6,676,729.56	11,669,777.78	-	-	33,333,333.33
	Sumitomo Mitsui Trust Bank, Limited, New York Branch, DTTP Number: 43/S/70935/DTTP	

33,333,333.33	

-	

-	

-	

-	

33,333,333.33
	TOTAL:	5,000,000,000.00	866,800,000.00	666,800,000.00	1,250,000,000.00	333,400,000.00	5,000,000,000.00




    4


     


    

	Lender	Pro Rata Share of Tranche A	Pro Rata Share of Tranche B	Pro Rata Share of Tranche C	Pro Rata Share of Commitment Cap
	BNP Paribas (Tranche B Commitment is held by BNP Paribas, acting through its Canada Branch)	6.66666667%	1.11689638%	8.00053323%	6.66666667%
	Citibank, N.A. (Tranche B Commitment is held by Citibank, N.A., Canadian Branch)	6.66666667%	1.11689638%	8.00053323%	6.66666667%
	Bank of America, N.A. (Tranche B Commitment is held by Bank of America, Canada Branch)	6.66666667%	1.11689638%	8.00053323%	6.66666667%
	MUFG Bank, Ltd.	6.66666667%	1.11689638%	8.00053323%	6.66666667%
	JPMorgan Chase Bank, N.A.	6.66666667%	1.11689638%	8.00053323%	6.66666667%
	Sumitomo Mitsui Banking Corporation (Tranche B Commitment is held by Sumitomo Mitsui Banking Corporation, Canada Branch and Tranche C Commitment is held by Sumitomo Mitsui Banking Corporation, Sydney Branch)	5.36666667%	0.77027337%	3.50023329%	5.36666667%
	Mizuho Bank, Ltd.	5.36666667%	0.77027337%	3.50023329%	5.36666667%
	Royal Bank of Canada	5.36666667%	30.95677588%	3.50023329%	5.36666667%
	Societe Generale	5.36666667%	0.77027337%	3.50023329%	5.36666667%
	The Hongkong and Shanghai Banking Corporation Limited	5.36666667%	0.77027337%	3.50023329%	5.36666667%
	Barclays Bank Ireland PLC	4.70000000%	0.00000000%	3.50023329%	4.70000000%
	The Toronto-Dominion Bank	4.70000000%	27.11121366%	3.50023329%	4.70000000%
	Australia and New Zealand Banking Group Limited	3.33333333%	0.00000000%	24.99500100%	3.33333333%
	Banco Santander, S.A., New York Branch	3.33333333%	0.00000000%	0.00000000%	3.33333333%
	Commerzbank AG, New York Branch	3.33333333%	0.00000000%	0.00000000%	3.33333333%
	U.S. Bank National Association	3.33333333%	0.77027337%	1.75011664%	3.33333333%
	Credit Agricole Corporate and	3.13333333%	0.00000000%	1.75011664%	3.13333333%




    5


     


    

	Lender	Pro Rata Share of Tranche A	Pro Rata Share of Tranche B	Pro Rata Share of Tranche C	Pro Rata Share of Commitment Cap
	Investment Bank	 	 	 	 
	Morgan Stanley Bank, N.A.	3.00000000%	0.00000000%	0.00000000%	3.00000000%
	Bank of Montreal, Chicago Branch	1.83333333%	10.57529611%	0.00000000%	1.83333333%
	Canadian Imperial Bank of Commerce/ Canadian Imperial Bank of Commerce, London Branch (Tranche B Commitment is held by Canadian Imperial Bank of Commerce)	1.83333333%	10.57529611%	1.75011664%	1.83333333%
	The Bank of Nova Scotia	1.83333333%	10.57529611%	1.75011664%	1.83333333%
	The Bank of New York Mellon	1.00000000%	0.00000000%	0.00000000%	1.00000000%
	The Northern Trust Company	0.90000000%	0.00000000%	0.00000000%	0.90000000%
	UniCredit Bank AG, New York Branch	0.90000000%	0.00000000%	1.75011664%	0.90000000%
	Banco Bradesco S.A., New York Branch	0.66666667%	0.00000000%	0.00000000%	0.66666667%
	Bank of China, New York Branch	0.66666667%	0.00000000%	0.00000000%	0.66666667%
	Fifth Third Bank, N.A.	0.66666667%	0.77027337%	1.75011664%	0.66666667%
	Sumitomo Mitsui Trust Bank, Limited, New York Branch	0.66666667%	0.00000000%	0.00000000%	0.66666667%
	TOTAL:	100.00000000%	100.00000000%	100.00000000%	100.00000000%




    6


     


    

EXHIBIT A-1


 


FORM OF COMMITTED LOAN NOTICE


 


Date:                  ,         


 


To:BNP Paribas, as Administrative Agent


 


Ladies and
Gentlemen:


 


Reference
is made to that certain 364 Day Credit Agreement, dated as of November 18, 2022 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as
therein defined), among Toyota Motor Credit Corporation, a California corporation, Toyota Motor Finance (Netherlands) B.V., a
corporation organized under the laws of the Netherlands, Toyota Financial Services (UK) PLC, a corporation organized under the laws
of England, Toyota Credit de Puerto Rico Corp., a corporation organized under the laws of Puerto Rico, Toyota Credit Canada Inc., a
corporation organized under the laws of Canada, Toyota Kreditbank GmbH, a corporation organized under the laws of Germany, Toyota
Finance Australia Limited, a corporation incorporated under the laws of the Commonwealth of Australia, the Lenders from time to time
party thereto, BNP Paribas, as Administrative Agent, Swing Line Agent and Swing Line Lender, BNP Paribas Securities Corp., Citibank,
N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A. and MUFG Bank, Ltd., as Joint Lead Arrangers and Joint Book Managers,
Citibank, N.A., Bank of America, N.A. and JPMorgan Chase Bank, N.A. as Swing Line Lenders and Citibank, N.A., Bank of America, N.A.,
JPMorgan Chase Bank, N.A. and MUFG Bank, Ltd., as Syndication Agents.


 


The undersigned hereby requests (select one):


 


☐  A Borrowing of Committed Loans         ☐A conversion or continuation of Loans


 


		1.	On                                      (a Business Day).



 


		2.	In the amount of [US$][CDN$][€][£][A$]                    .



 


		3.	Comprised of                     . [Type of Committed Loan requested]



 


4.            For Term Rate Loans denominated in US$, CDN$ or
€ or Tranche C Loans: with an Interest Period of                     months.


 


		5.	Tranche [A][B][C].



 


[The Committed Borrowing requested
herein complies with the proviso to the first sentence of Section 2.1[(b)][(c)]] of the Agreement.]


 


[After giving effect to the requested
Committed Borrowing, the Unused Tranche A Commitment will exceed the Dollar Equivalent of EUR 300,000,000 (as determined by the


 




    1


     


    

Administrative Agent)] [After
giving effect to the requested Committed Borrowing, the Unused Tranche A Commitment will be less than or equal to the Dollar Equivalent
of EUR 300,000,000 (as determined by the Administrative Agent), and TKG has borrowed EUR 300,000,000 as of the date of the proposed Committed
Borrowing.] [After giving effect to the requested Committed Borrowing, (x) the Unused Tranche A Commitment will be less than or equal
to the Dollar Equivalent of EUR 300,000,000 (as determined by the Administrative Agent), (y) TKG has not borrowed EUR 300,000,000 as of
the date the proposed Committed Borrowing is to be made, and (z) the consent of TKG for the proposed Committed Borrowing has been obtained
or has been waived by TKG.]


 


[The undersigned hereby represents
and warrants that the conditions set forth in Section 4.2(a) and (b) have been satisfied on and as of the date the Committed
Loans are borrowed.]


 


	 	[TOYOTA MOTOR CREDIT CORPORATION]

                           [TOYOTA MOTOR FINANCE

                           (NETHERLANDS) B.V.]

	 	[TOYOTA FINANCIAL SERVICES (UK) PLC]

        [TOYOTA KREDITBANK GMBH]

	 	 
	 	[as Borrowers’ Representative for]
	 	 
	 	[TOYOTA MOTOR CREDIT CORPORATION]

                                    [TOYOTA CREDIT DE PUERTO RICO CORP.]

                                    [TOYOTA CREDIT CANADA INC.]

	 	[TOYOTA FINANCE AUSTRALIA LIMITED]
	 	 
	 	 


	 	By: 	 	 
	 	Name: 	 	 
	 	Title:	 	 




    2


     


    

EXHIBIT A-2


 


FORM OF SWING LINE LOAN NOTICE


 


Date:                  ,         


 


		To:	BNP Paribas, as Swing Line Agent

                                                                                BNP Paribas, as Administrative Agent




 


Ladies and Gentlemen:


 


Reference
is made to that certain 364 Day Credit Agreement, dated as of November 18, 2022 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as
therein defined), among Toyota Motor Credit Corporation, a California corporation, Toyota Motor Finance (Netherlands) B.V., a
corporation organized under the laws of the Netherlands, Toyota Financial Services (UK) PLC, a corporation organized under the laws
of England, Toyota Credit de Puerto Rico Corp., a corporation organized under the laws of Puerto Rico, Toyota Credit Canada Inc., a
corporation organized under the laws of Canada, Toyota Kreditbank GmbH, a corporation organized under the laws of Germany, Toyota
Finance Australia Limited, a corporation incorporated under the laws of the Commonwealth of Australia, the Lenders from time to time
party thereto, BNP Paribas, as Administrative Agent, Swing Line Agent and Swing Line Lender, BNP Paribas Securities Corp., Citibank,
N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A. and MUFG Bank, Ltd., as Joint Lead Arrangers and Joint Book Managers,
Citibank, N.A., Bank of America, N.A. and JPMorgan Chase Bank, N.A. as Swing Line Lenders and Citibank, N.A., Bank of America, N.A.,
JPMorgan Chase Bank, N.A. and MUFG Bank, Ltd., as Syndication Agents.


 


The undersigned hereby requests a Swing Line Loan:


 


		1.	On                                   (a Business Day).



 


		2.	In the amount of [US$][CDN$][€][£][A$]             .



 


		3.	[For an Interest Period of              .]1



 


		4.	Tranche [A][B][C].



 


The Swing Line Borrowing requested herein complies
with the requirements of the provisos to the first sentence of Section 2.16(a) of the Agreement.


 


[After giving
effect to the requested Swing Line Loan, the Unused Tranche A Commitment will exceed the Dollar Equivalent of EUR 300,000,000 (as determined
by the Administrative Agent)] [After giving effect to the requested Swing Line Loan, the Unused Tranche A Commitment will be less than
or equal to the Dollar Equivalent of EUR 300,000,000


 









 









1 For requests of Swing Line Loans denominated
in A$.


 




    1


     


    

(as determined by the
Administrative Agent), and TKG has borrowed EUR 300,000,000 as of the date of the proposed Swing Line Loan.] [After giving effect to
the requested Swing Line Loan, (x) the Unused Tranche A Commitment will be less than or equal to the Dollar Equivalent of EUR
300,000,000 (as determined by the Administrative Agent), (y) TKG has not borrowed EUR 300,000,000 as of the date the proposed Swing
Line Loan is to be made, and (z) the consent of TKG for the proposed Swing Line Loan has been obtained or has been waived by
TKG.]


 


The undersigned hereby represents
and warrants that the conditions set forth in Section 4.2(a) and (b) have been satisfied on and as of the date the Swing
Line Loans are borrowed.


 


	 	[TOYOTA MOTOR CREDIT CORPORATION]

                           [TOYOTA MOTOR FINANCE

                           (NETHERLANDS) B.V.]

	 	[TOYOTA FINANCIAL SERVICES (UK) PLC]

        [TOYOTA KREDITBANK GMBH]

	 	 
	 	[as Borrowers’ Representative for]
	 	 
	 	[TOYOTA MOTOR CREDIT CORPORATION]

                                    [TOYOTA CREDIT DE PUERTO RICO CORP.]

                                    [TOYOTA CREDIT CANADA INC.]

	 	[TOYOTA FINANCE AUSTRALIA LIMITED]
	 	 
	 	 


	 	By: 	 	 
	 	Name: 	 	 
	 	Title:	 	 




    2


     


    

EXHIBIT
B


 


FORM OF NOTE


 


                 ,  20       


 


FOR VALUE RECEIVED,
the undersigned (the “Borrower”), hereby promises to pay, without set-off or counterclaim, to                            (the “Lender”),
in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Loan from time to time made
by the Lender to the Borrower under that certain 364 Day Credit Agreement, dated as of November 18, 2022 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used
herein as therein defined), among Toyota Motor Credit Corporation, a California corporation, Toyota Motor Finance (Netherlands) B.V.,
a corporation organized under the laws of the Netherlands, Toyota Financial Services (UK) PLC, a corporation organized under the laws
of England, Toyota Credit de Puerto Rico Corp., a corporation organized under the laws of Puerto Rico, Toyota Credit Canada Inc., a corporation
organized under the laws of Canada, Toyota Kreditbank GmbH, a corporation organized under the laws of Germany, Toyota Finance Australia
Limited, a corporation incorporated under the laws of the Commonwealth of Australia, the Lenders from time to time party thereto, BNP
Paribas, as Administrative Agent, Swing Line Agent and Swing Line Lender, BNP Paribas Securities Corp., Citibank, N.A., BofA Securities,
Inc., JPMorgan Chase Bank, N.A. and MUFG Bank, Ltd., as Joint Lead Arrangers and Joint Book Managers, Citibank, N.A., Bank of America,
N.A. and JPMorgan Chase Bank, N.A. as Swing Line Lenders and Citibank, N.A., Bank of America, N.A., JPMorgan Chase Bank, N.A. and MUFG
Bank, Ltd., as Syndication Agents.


 


The Borrower
promises to pay interest on the unpaid principal amount of each Loan made by the Lender to the Borrower from the date of such Loan until
such principal amount is paid in full, at such interest rates and at such times as provided in the Agreement. All payments of principal
and interest shall be made to the Administrative Agent for the account of the Lender in the currency of such Loan in immediately available
funds at the Administrative Agent’s Office. If any amount payable by the Borrower hereunder is not paid when due (after giving effect
to any applicable grace periods), such amount shall thereafter bear interest at the per annum rate set forth in the Agreement and such
interest shall be due and payable on demand.


 


This Note
is one of the Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to
the terms and conditions provided therein. Any attempted assignment, transfer or participation of this Note in violation of Section 9.7
of the Agreement shall be null and void. Upon the occurrence and continuation of one or more of the Events of Default specified in the
Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided
in the Agreement. Loans made by the Lender to the Borrower shall be evidenced by one or more loan accounts or records maintained by the
Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, amount and
maturity of its Loans to the Borrower and payments with respect thereto.


 


[Signature page follows]


 




    1


     


    

THIS NOTE SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE


LAWS OF THE STATE OF NEW YORK.


 


	 	[TOYOTA MOTOR CREDIT CORPORATION]

                           [TOYOTA MOTOR FINANCE

                           (NETHERLANDS) B.V.]

	 	[TOYOTA FINANCIAL SERVICES (UK) PLC]

        [TOYOTA KREDITBANK GMBH]

	 	[TOYOTA CREDIT DE PUERTO RICO CORP.]

        [TOYOTA CREDIT CANADA INC.]

	 	[TOYOTA FINANCE AUSTRALIA LIMITED]
	 	 
	 	 


	 	By: 	 
	 	Name: 	 
	 	Title:	 




    2


     


    

LOANS AND PAYMENTS WITH
RESPECT THERETO


 


	
    Date
	
    Type of Loan Made
	
    Amount of Loan Made
	
    End of Interest Period
	Amount of Principal or Interest Paid This Date	
    Outstanding Principal Balance This Date
	
    Notation Made By







	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              
	                              	                              	                              	                              	                              	                              	                              



 







    3


     


    

EXHIBIT C


 


[Reserved]


 




     



     


    

EXHIBIT D


 


ASSIGNMENT AND
ASSUMPTION


 


This Assignment
and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered
into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”).
Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit
Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth
in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption
as if set forth herein in full.


 


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


 


1.       Assignor:                                     


 


2.       Assignee:                                     
          [andisan Affiliate/Approved Fund of [identify Lender]2]





 


3.       Borrower(s):
[Toyota Motor Credit Corporation] [Toyota Motor Finance (Netherlands) B.V.] [Toyota Financial Services (UK) PLC] [Toyota Credit de Puerto
Rico Corp.] [Toyota Credit Canada Inc.] [Toyota Kreditbank GmbH] [Toyota Finance Australia Limited]


 









 









2 Select as applicable.


 




    1


     


    

4.       Administrative
Agent: BNP Paribas, as the administrative agent under the Credit Agreement


 


5.       Credit
Agreement: 364 Day Credit Agreement, dated as of November 18, 2022 (as amended, restated, extended, supplemented or otherwise modified
in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among
Toyota Motor Credit Corporation, a California corporation, Toyota Motor Finance (Netherlands) B.V., a corporation organized under the
laws of the Netherlands, Toyota Financial Services (UK) PLC, a corporation organized under the laws of England, Toyota Credit de Puerto
Rico Corp., a corporation organized under the laws of Puerto Rico, Toyota Credit Canada Inc., a corporation organized under the laws of
Canada, Toyota Kreditbank GmbH, a corporation organized under the laws of Germany, Toyota Finance Australia Limited, a corporation incorporated
under the laws of the Commonwealth of Australia, the Lenders from time to time party thereto, BNP Paribas, as Administrative Agent, Swing
Line Agent and Swing Line Lender, BNP Paribas Securities Corp., Citibank, N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A. and MUFG
Bank, Ltd., as Joint Lead Arrangers and Joint Book Managers, Citibank, N.A., Bank of America, N.A. and JPMorgan Chase Bank, N.A. as Swing
Line Lenders and Citibank, N.A., Bank of America, N.A., JPMorgan Chase Bank, N.A. and MUFG Bank, Ltd., as Syndication Agents.


 


6.       Assigned
Interest:3


 


	

Facility Assigned: Tranche [A][B][C]
	Aggregate Amount of Tranche [A][B][C]

Commitment/Loans

for all Lenders*	Amount of Tranche [A][B][C]

Commitment/Loans

Assigned*	Percentage Assigned of Tranche [A][B][C]

Commitment/Loans4	
 Assignee’s

                                                                                 Commitment Cap

	Commitment/Committed Loans being assigned	US$              	US$              	              %	US$              


 









 









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


 


3 The reference to “Loans” in the
table should be used only if the Credit Agreement provides for Term Loans.


 


4 Set forth, to at least 8 decimals, as a percentage
of the Commitment/Loans of all Lenders thereunder.


 




    2


     


    

[7.       Trade Date:____________________]5


 


[8.       UK Tax Confirmation: The
Assignee confirms that the person beneficially entitled to interest payable to that Lender in respect of a Loan to TFSUK is either: (i)
a company resident in the United Kingdom for United Kingdom tax purposes; or (ii) a company not so resident in the United Kingdom which
carries on a trade in the United Kingdom through a permanent establishment which brings into account interest payable in respect of that
Loan in computing its chargeable profits (within the meaning given by section 19 of the UK CTA).]6


 


[9.       HMRC
DT Treaty Passport: The Assignee confirms that it holds a passport under the HMRC DT Treaty Passport scheme (reference
number:                 ) and is tax resident in                  , so that interest payable to it by borrowers is generally subject to full exemption from
UK withholding tax and requests that the Administrative Agent notify TFSUK that it wishes the scheme to apply to the Credit
Agreement and that TFSUK should make a DTTP Filing.]7


 


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


 









 









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


 


6  Include
in this Section 8 if the Borrower is TFSUK and the Assignee comes within (a)(ii) of the definition of UK Qualifying Lender in
Section 1.1.


 


7  This
confirmation must be included if the Borrower is TFSUK and the Assignee holds a passport under the HMRC DT Treaty Passport scheme and
wishes that scheme to apply to the Credit Agreement.


 




    3


     


    

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


 


ASSIGNOR


[NAME OF ASSIGNOR]


 


	By: 	 	 
	 	Title:	 	 


 


 


ASSIGNEE


[NAME OF ASSIGNEE]


 


	By: 	 	 
	 	Title:	 	 




    4


     


    

[Consented to and]8 Accepted:


 


[NAME OF ADMINISTRATIVE AGENT], as


Administrative Agent


 


	By: 	 	 
	 	Title:	 	 


 


 


[Consented to:]9


 


	By: 	 	 
	 	Title:	 	 


 









 






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


 


9 To be added only if the consent of
the applicable Borrower and/or other parties is required by the terms of the Credit Agreement.


 




    5


     


    

ANNEX 1 TO ASSIGNMENT AND
ASSUMPTION


 


(364 Day Credit Agreement, dated
as of November 18, 2022 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement”;
the terms defined therein being used herein as therein defined), among TOYOTA MOTOR CREDIT CORPORATION, a California corporation, TOYOTA
MOTOR FINANCE (NETHERLANDS) B.V., a corporation organized under the laws of the Netherlands, TOYOTA FINANCIAL SERVICES (UK) PLC, a corporation
organized under the laws of England, TOYOTA CREDIT DE PUERTO RICO CORP., a corporation organized under the laws of Puerto Rico, TOYOTA
CREDIT CANADA INC., a corporation organized under the laws of Canada, TOYOTA KREDITBANK GMBH, a corporation organized under the laws
of Germany, TOYOTA FINANCE AUSTRALIA LIMITED, a corporation incorporated under the laws of the Commonwealth of Australia, the Lenders
from time to time party thereto, BNP PARIBAS, as Administrative Agent, Swing Line Agent and Swing Line Lender, BNP PARIBAS SECURITIES
CORP., CITIBANK, N.A., BOFA SECURITIES, INC., JPMORGAN CHASE BANK, N.A., and MUFG BANK, LTD., as Joint Lead Arrangers and Joint Book
Managers, CITIBANK, N.A., BANK OF AMERICA, N.A., and JPMORGAN CHASE BANK, N.A., as Swing Line Lenders and CITIBANK, N.A., BANK OF AMERICA,
N.A., JPMORGAN CHASE BANK, N.A. and MUFG BANK, LTD., as Syndication Agents.)


 


STANDARD TERMS AND CONDITIONS
FOR


ASSIGNMENT AND ASSUMPTION


 


		1.	Representations and Warranties.



 


1.1.       Assignor.
The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest
is free and clear of any lien, encumbrance or other adverse claim created by the Assignor and (iii) it has full power and authority, and
has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated
hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with
the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value
of the Loan Documents or any collateral thereunder, (iii) the financial condition of any Borrower or any of its Affiliates or any other
Person obligated in respect of any Loan Document or (iv) the performance or observance by any Borrower or any of its Affiliates or any
other Person of any of their respective obligations under any Loan Document.


 


1.2.       Assignee.
The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit
Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may
be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement
as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received
a copy of the Credit Agreement,


 




     



     


    

together with copies of the most
recent financial statements delivered pursuant to Section 6.1 thereof, as applicable, and such other documents and information
as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase
the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative
Agent or any other Lender, and (v) attached hereto is any withholding tax documentation required to be delivered by it pursuant to the
terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without
reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform
in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender.


 


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


 


3.       General
Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective
successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute
one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile or electronic mail
shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption; provided that, delivery by electronic
mail to any Borrower remains subject to the provisions of Section 9.2(c) of the Credit Agreement. This Assignment and Assumption shall
be governed by, and construed in accordance with, the Law of the State of New York.