Exhibit 10.01
	
	EXECUTION VERSION AMENDMENT NO. 1 Dated as of November 10, 2022 to AMENDED AND RESTATED CREDIT AGREEMENT Dated as of April 5, 2021
THIS AMENDMENT NO. 1 (“Amendment”) is made as of November 10, 2022 by and
among Tennant Company (the “Company”), the financial institutions listed on the signature pages hereof
and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”), under that
certain Amended and Restated Credit Agreement dated as of April 5, 2021 by and among the Company, the Foreign Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party thereto and the Administrative Agent (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).  Capitalized terms used herein and not otherwise defined herein shall have
the respective meanings given to them in the Credit Agreement.
WHEREAS, the Company has requested that the Lenders and the Administrative Agent agree to make certain amendments to the Credit Agreement; and WHEREAS, the Lenders party hereto and the Administrative Agent have agreed to such amendments on the terms and conditions set forth herein; NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company, the Lenders party hereto and the Administrative Agent have agreed to enter into this Amendment.
1. Amendments to Credit Agreement.  Effective as of the date hereof, and subject to
the conditions precedent set forth in Section 2 below, (i) the Credit Agreement (excluding the Exhibits and Schedules thereto except as otherwise described in the following clause (ii)) is hereby amended as set forth in the marked terms on Annex I hereto (the “Amended Credit Agreement”) and (ii) Exhibits K-1, K-
2 and L to the Credit Agreement are amended and restated in their entirety in the forms attached hereto as Annex II. In Annex I hereto, deletions of text in the Amended Credit Agreement are indicated by struck-through text (indicated in the same manner as the following example: stricken text) and insertions of text
are indicated by bold, double-underlined text (indicated in the same manner as the following example: double-underlined text) as set forth on Annex I hereto.
2. Conditions of Effectiveness.  The effectiveness of this Amendment is subject to
the satisfaction of the following conditions precedent:
(a) the Administrative Agent shall have received duly executed copies of this Amendment from each of the Company, the Lenders and the Administrative Agent, and the Consent and Reaffirmation attached as Exhibit I hereto executed by each Subsidiary Guarantor; and (b) the Company shall have paid all fees and expenses of the Administrative Agent
LEGAL 4876
-
7562
-
7060v.4







	
	  2 and its affiliates (including, to the extent invoiced, reasonable attorneys’ fees and expenses) in connection with this Amendment and the other Loan Documents.
3. Representations and Warranties of the Company.  The Company hereby
represents and warrants as follows:
(a) This Amendment and the Amended Credit Agreement constitute legal, valid and binding obligations of the Company and are enforceable against the Company in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.   (b) As of the date hereof and giving effect to the terms of this Amendment, (i) no Default shall have occurred and be continuing and (ii) the representations and warranties of the Company
set forth in the Amended Credit Agreement are true and correct as of the date hereof in all material respects (and in all respects if qualified by Material Adverse Effect or other materiality qualifier).
4. Reference to and Effect on the Credit Agreement.
(a) Upon the effectiveness hereof, each reference to the “Credit Agreement” in the Amended Credit Agreement or any other Loan Document shall mean and be a reference to the Amended Credit Agreement. (b) Except as specifically amended hereby, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed, and the Company hereby reaffirms its obligations under the Amended Credit Agreement and each and every other Loan Document to which it is a party (including, without limitation, each applicable Collateral Document) and reaffirms all Liens on the Collateral which have been granted by it in favor of the Administrative Agent (for itself and the other Secured Parties) pursuant to any of the Loan Documents. (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. This Amendment is not intended to and shall not constitute a novation of the Credit Agreement or the obligations created thereunder. (d) This Amendment shall constitute a Loan Document.
5. Governing Law.  This Amendment shall be construed in accordance with and
governed by the law of the State of New York. 6. Headings.  Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 7. Counterparts.  This Amendment may be executed by one or more of the parties
hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  Section 9.06(b) of the Credit Agreement shall apply to this Amendment mutatis mutandis.
[Signature Pages Follow]






	
	





	
	Signature Page to Amendment No. 1 Tennant Company Amended and Restated Credit Agreement dated April 5, 2021 JPMORGAN CHASE BANK, N.A.,  individually as a Lender, as the Swingline Lender, as an Issuing Bank and as Administrative Agent   By:_____________________________________ Name: Jennifer M. Dunneback Title: Executive Director






	
	Signature Page to Amendment No. 1

Tennant Compa
ny

Amended and Restated Credit Agreement dated April 5, 2021

RESTRICTED


HSBC BANK USA
, NATIONAL ASSOCIATION,

individually as a Lender and as an Issuing Bank



By: _______________________________________

Name:

Kyle Patterson

Title:

Senior Vice Presiden
t
















	
	





	
	Signature Page to Amendment No. 1

Tennant Company

Amended and Restated
Credit Agreement dated
April
5
, 20
2
1

BANK OF THE WEST
,

individually as a

Lender



By: _______________________________________

Name:

Michael A. Berent


Title:

V.P.








	
	





	
	Signature Page to Amendment No. 1

Tennant Company

Amended and Restated
Credit Agreement dated
April
5
, 20
2
1

WELLS FARGO BANK, NA
TIONAL ASSOCIATION
,

i
ndividually as a Lender



By: ___
____________________________________

Name:

Steven Chen

Title:

Vice President









	
	





	
	Signature Page to Amendment No. 1 Tennant Company Amended and Restated Credit Agreement dated April 5, 2021
GOLDMAN SACHS BANK USA, individually as a Lender  By: _______________________________________
Name: Keshia Leday
Title: Authorized Signatory






	
	





	
	 Annex I
ANNEX I
Amended Credit Agreement
(attached)






	
	EXECUTION VERSION
AMENDED AND RESTATED CREDIT AGREEMENT
dated as of
April 5, 2021
and amended as of November 10, 2022
amongTENNANT COMPANYThe Foreign Subsidiary Borrowers Party HeretoThe Lenders Party Hereto
andJPMORGAN CHASE BANK, N.A.,as Administrative AgentHSBC BANK USA, NATIONAL ASSOCIATION,andU.S. BANK NATIONAL ASSOCIATION,as Co-Syndication AgentsandBANK OF THE WEST, BMO HARRIS BANK, N.A.,and WELLS FARGO BANK, NATIONAL ASSOCIATION,as Co-Documentation AgentsJPMORGAN CHASE BANK, N.A.,HSBC BANK USA, NATIONAL ASSOCIATION,andU.S. BANK NATIONAL ASSOCIATION,as Joint Bookrunners and Joint Lead Arrangers
4855-5094-3764v
4870-1187-6916v
..15
8









	
	TABLE OF CONTENTSPage
ARTICLE IDefinitions
1SECTION 1.01. Defined Terms
1SECTION 1.02. Classification of Loans and Borrowings
41SECTION 1.03. Terms Generally
41SECTION 1.04. Accounting Terms; GAAP; Pro Forma Calculations
42
41
SECTION 1.05. Interest Rates; LIBOR
Benchmark
Notification
42
SECTION 1.06. Divisions
43SECTION 1.07. Amendment and Restatement of Existing Credit Agreement; GeneralReaffirmations; Existing Loan Documents
43ARTICLE IIThe Credits
45
44
SECTION 2.01. Commitments
45
44
SECTION 2.02. Loans and Borrowings
45
44
SECTION 2.03. Requests for Borrowings
46
45
SECTION 2.04. Determination of Dollar Amounts
46SECTION 2.05. Swingline Loans
47
46
SECTION 2.06. Letters of Credit
48
47
SECTION 2.07. Funding of Borrowings
53
52
SECTION 2.08. Interest Elections
54
53
SECTION 2.09. Termination and Reduction of Commitments
55SECTION 2.10. Repayment and Amortization of Loans; Evidence of Debt
55
56
SECTION 2.11. Prepayment of Loans
57SECTION 2.12. Fees
59SECTION 2.13. Interest
60SECTION 2.14. Alternate Rate of Interest
60
61
SECTION 2.15. Increased Costs
63SECTION 2.16. Break Funding Payments
64
65
SECTION 2.17. Taxes
65
66
SECTION 2.18. Payments Generally; Allocations of Proceeds; Pro Rata Treatment; Sharing ofSet-offs
68
69
SECTION 2.19. Mitigation Obligations; Replacement of Lenders
70
71
SECTION 2.20. Expansion Option
71
72
SECTION 2.21. (Intentionally omitted)
73
74
SECTION 2.22. Judgment Currency
73
74
SECTION 2.23. Designation of Foreign Subsidiary Borrowers
73
74
SECTION 2.24. Defaulting Lenders
74ARTICLE IIIRepresentations and Warranties
76
77
SECTION 3.01. Organization; Powers; Subsidiaries
76
77
SECTION 3.02. Authorization; Enforceability
76
77
SECTION 3.03. Governmental Approvals; No Conflicts
76
77
SECTION 3.04. Financial Condition; No Material Adverse Change
77
78
SECTION 3.05. Properties
77
78
SECTION 3.06. Litigation and Environmental Matters
77
78
SECTION 3.07. Compliance with Laws and Agreements
77
78
SECTION 3.08. Investment Company Status
78






	
	Table of Contents
(continued)Page
SECTION 3.09. Taxes
78SECTION 3.10. ERISA
78
79
SECTION 3.11. Disclosure
78
79
SECTION 3.12. Federal Reserve Regulations
78
79
SECTION 3.13. Liens
78
79
SECTION 3.14. No Default
78
79
SECTION 3.15. Anti-Corruption Laws and Sanctions
78
79
SECTION 3.16. Insurance
79
80
SECTION 3.17. Security Interest in Collateral
79
80
SECTION 3.18. Use of Proceeds
79
80
SECTION 3.19. Solvency
79
80
SECTION 3.20. Affected Financial Institutions
79
80
SECTION 3.21. Plan Assets; Prohibited Transactions.
79
80
ARTICLE IVConditions
80SECTION 4.01. Restatement Effective Date
80SECTION 4.02. Each Other Credit Event
82
83
SECTION 4.03. Designation of a Foreign Subsidiary Borrower
82
83
ARTICLE VAffirmative Covenants
83
84
SECTION 5.01. Financial Statements and Other Information
83
84
SECTION 5.02. Notices of Material Events
84
85
SECTION 5.03. Existence; Conduct of Business
84
85
SECTION 5.04. Payment of Obligations
84
86
SECTION 5.05. Maintenance of Properties; Insurance
85
86
SECTION 5.06. Books and Records; Inspection Rights
85
86
SECTION 5.07. Compliance with Laws
85
86
SECTION 5.08. Use of Proceeds
86
87
SECTION 5.09. Subsidiary Guaranty; Pledges; Additional Collateral; Further Assurances
86
87
SECTION 5.10. Lender Call and Narrative Discussions
87
88
ARTICLE VINegative Covenants
87
88
SECTION 6.01. Indebtedness
88
89
SECTION 6.02. Liens
89
91
SECTION 6.03. Fundamental Changes and Asset Sales
91
92
SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions
92
93
SECTION 6.05. Swap Agreements
94
95
SECTION 6.06. Restricted Payments
94
95
SECTION 6.07. Transactions with Affiliates
94
95
SECTION 6.08. Restrictive Agreements
95
96
SECTION 6.09. Sale and Leasebacks.
95
96
SECTION 6.10. Financial Covenants
95
97
ARTICLE VIIEvents of Default
96
97
SECTION 7.01. Events of Default
96
97
SECTION 7.02. Application of Payments
98
100
ii






	
	Table of Contents
(continued)Page
ARTICLE VIIIThe Administrative Agent
100
101
SECTION 8.01. Authorization and Action
100
101
SECTION 8.02. Administrative Agent’s Reliance, Limitation of Liability, Etc.
102
103
SECTION 8.03. Posting of Communications
103
104
SECTION 8.04. The Administrative Agent Individually.
104
105
SECTION 8.05. Successor Administrative Agent
105
106
SECTION 8.06. Acknowledgments of Lenders and Issuing Banks
106
107
SECTION 8.07. Collateral Matters.
107
108
SECTION 8.08. Credit Bidding
108
109
SECTION 8.09. Foreign Law Matters
109
110
ARTICLE IXMiscellaneous
110
111
SECTION 9.01. Notices
110
111
SECTION 9.02. Waivers; Amendments
111
112
SECTION 9.03. Expenses; Indemnity; Damage Waiver
114
115
SECTION 9.04. Successors and Assigns
116
117
SECTION 9.05. Survival
119
120
SECTION 9.06. Counterparts; Integration; Effectiveness; Electronic Execution
119
120
SECTION 9.07. Severability
120
121
SECTION 9.08. Right of Setoff
120
122
SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process
121
122
SECTION 9.10. WAIVER OF JURY TRIAL
122
123
SECTION 9.11. Headings
122
123
SECTION 9.12. Confidentiality
122
124
SECTION 9.13. USA PATRIOT Act
123
125
SECTION 9.14. Interest Rate Limitation
124
125
SECTION 9.15. No Advisory or Fiduciary Responsibility
124
125
SECTION 9.16. Appointment for Perfection
125
126
SECTION 9.17. Releases of Subsidiary Guarantors
125
126
SECTION 9.18. Acknowledgment and Consent to Bail-In of Affected Financial Institutions
125
126
SECTION 9.19. Acknowledgment Regarding Any Supported QFCs
126
127
SECTION 9.20. Certain ERISA Matters
126
127
ARTICLE XCross-Guarantee
128
129
iii






	
	Table of Contents
(continued)Page
iv
Exhibit D
--
Form of Augmenting Lender Supplement
Schedule 6.04(b)       --
Existing Investments
Schedule 2.01
--
Commitments
Exhibit E
--
List of Closing Documents
SCHEDULES
:
Exhibit F-1
--
Form of Borrowing Subsidiary Agreement
Schedule 6.07
--
Agreements
Exhibit F-2
--
Form of Borrowing Subsidiary Termination
Exhibit G
--
Form of Subsidiary Guaranty
Schedule 6.08
--
Existing Restrictions
Schedule 3.01
--
Subsidiaries
Exhibit H
--
Form of Pledge and Security Agreement
Exhibit I
--
[Reserved]
Exhibit J-1
--
Form of U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships)
Exhibit J-2
--
Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships)
EXHIBITS
:
Schedule 6.01
--
Existing Indebtedness
Exhibit J-3
--
Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships)
Departing Lender Schedule
Exhibit J-4
--
Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships)
Exhibit A
--
Form of Assignment and Assumption
Exhibit K-1
--
Form of Borrowing Request
Exhibit K-2
--
Form of Interest Election Request
Exhibit B
--
[Reserved]
Schedule 6.02
--
Existing Liens
Exhibit L
--
Form of Promissory Note
Exhibit M
--
Form of Solvency Certificate
Exhibit C
--
Form of Increasing Lender Supplement






	
	AMENDEDANDRESTATEDCREDITAGREEMENT(this“Agreement
 ”)datedasofApril5,2021and
amended
as
of
November
10,
2022
amongTENNANTCOMPANY,theFOREIGN
SUBSIDIARYBORROWERSfromtimetotimepartyhereto,theLENDERSfromtimetotimepartyhereto,JPMORGANCHASEBANK,N.A.,asAdministrativeAgent,HSBCBANKUSA,NATIONALASSOCIATIONandU.S.BANKNATIONALASSOCIATION,asCo-SyndicationAgentsandBANKOFTHEWEST,BMOHARRISBANK,N.A.,ANDWELLSFARGOBANK,NATIONALASSOCIATION, as Co-Documentation Agents.The parties hereto agree as follows:ARTICLE IDefinitions
SECTION 1.01.   Defined
Terms
..AsusedinthisAgreement,thefollowingtermshavethemeanings specified below:“ABR
 ”,whenusedinreferencetoanyLoanorBorrowing,referstosuchLoan,ortheLoanscomprisingsuchBorrowing,bearinginterestataratedeterminedbyreferencetotheAlternateBase Rate.“Acquisition Holiday
 ” has the meaning assigned to such term in Section 6.10(a).“Adjusted
Daily
Simple
RFR
 ”
means,
with
respect
to
any
RFR
Borrowing
denominated
in
Dollars,
an
interest
rate
per
annum
equal
to
(a)
the
Daily
Simple
RFR
for
Dollars,
plus
(b)
0.10%;
provided
that
if
the
Adjusted
Daily
Simple
RFR
as
so
determined
would
be
less
than
the
Floor,
such
rate
shall
be deemed to be
equal to the Floor for the
purposes of this Agreement.
 “Adjusted
EURIBOR
Rate
 ”means,withrespecttoanyEurocurrency
Term
Benchmark
BorrowingdenominatedineuroforanyInterestPeriod,aninterestrateperannumequalto(a)theEURIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if
the
Adjusted
EURIBOR
Rate
as
so
determined
would
be
less
than
the
Floor
,
such
rate
shall
be
deemed
to
be
equal to the Floor
for the purposes of this Agreement
..
 “Adjusted
LIBO
Term
SOFR
Rate
 ”means,withrespecttoanyEurocurrency
Term
Benchmark
Borrowing denominated in Dollars
for any Interest Perioddenominated in
Dollars
, an interest
rateperannum(rounded
upwards,
if
necessary,
to
the
next
1/100
of
1%)
equalto(a)theLIBO
Term
SOFR
RateforsuchInterestPeriodmultiplied
by
(b)
the
Statutory
Reserve
Rate
,
plus
(b)
0.10%;
provided
that
if
the
Adjusted
Term
SOFR
Rate
as
so
determined
would
be
less
than
the
Floor,
such
rate
shall be deemed to be equal to the Floor for the purposes of this Agreement
..
 “Administrative
Agent
 ”meansJPMorganChaseBank,N.A.(includingitsbranchesandaffiliates), in its capacity as administrative agent for the Lenders hereunder.“Administrative
Questionnaire
 ”meansanAdministrativeQuestionnaireinaformsupplied by the Administrative Agent.“Affected
Financial
Institution
 ”means(a)anyEEAFinancialInstitutionor(b)anyUKFinancial Institution.






	
	“Affected
Foreign
Subsidiary
 ”meansanyForeignSubsidiarytotheextentsuchForeignSubsidiaryactingasaSubsidiaryGuarantorwouldcauseaDeemedDividendProblemorFinancialAssistance Problem.“Affiliate
 ”means,withrespecttoaspecifiedPerson,anotherPersonthatdirectly,orindirectlythroughoneormoreintermediaries,ControlsorisControlledbyorisundercommonControlwith the Person specified.“Agent Party
 ” has the meaning assigned to such term in Section 9.01(e).“Agreed Currencies
 ” means (i) Dollars, (ii) euro, and (iii) any other currency (x) that is alawfulcurrency(otherthanDollars)thatisreadilyavailableandfreelytransferableandconvertibleintoDollars,and
(y)for
which
a
LIBO
Screen
Rate
is
available
in
the
Administrative
Agent’s
determination
and (z)
that is agreed to by the Administrative Agent and each of the Revolving Lenders.
 “Alternate
Base
Rate
 ”means,foranyday,arateperannumequaltothegreatestof(a)thePrimeRateineffectonsuchday,(b)theNYFRBRateineffectonsuchdayplus1⁄2of1%and(c)theAdjustedLIBO
Term
SOFR
RateforaonemonthInterestPeriodin
Dollars
on
as
published
two
U.S.
Government
Securities
Business
Days
prior
to
suchday(orifsuchdayisnotaU.S.
Government
Securities
Business Day, the immediately preceding U.S. Government Securities
Business Day) plus 1%;
provided
thatforthepurposeofthisdefinition,theAdjustedLIBO
Term
SOFR
Rateforanydayshallbe
basedontheLIBO
Screen
Rate
(or
if
the
LIBO
Screen
Rate
is
not
available
for
such
one
month
Interest
Period,
the LIBO Interpolated Rate)
TermSOFR Reference Rate
at approximately 11:00 a.m. London
5:00
a.m.
Chicago
timeonsuchday(or
any
amended
publication
time
for
the
Term
SOFR
Reference
Rate,
as
specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology)
..  Any
changeintheAlternateBaseRateduetoachangeinthePrimeRate,theNYFRBRateortheAdjustedLIBO
Term
SOFR
Rateshallbeeffectivefromandincludingtheeffectivedateofsuchchangeinthe
Prime Rate, the NYFRB Rate or the Adjusted LIBO
TermSOFR
Rate, respectively.  If the Alternate Base
RateisbeingusedasanalternaterateofinterestpursuanttoSection2.14(fortheavoidanceofdoubt,onlyuntiltheBenchmarkReplacementhasbeendeterminedpursuanttoSection2.14(b)),thentheAlternateBaseRateshallbethegreaterofclauses(a)and(b)aboveandshallbedeterminedwithoutreferencetoclause(c)above.Fortheavoidanceofdoubt,iftheAlternateBaseRateasdeterminedpursuanttotheforegoingwouldbelessthan1%,suchrateshallbedeemedtobe1%forpurposesofthisAgreement.“Amendment No. 1 Effective Date” means November 10, 2022.
 “Anti-Corruption
Laws
 ”meansalllaws,rules,andregulationsofanyjurisdictionapplicabletotheCompanyoritsSubsidiariesfromtimetotimeconcerningorrelatingtobriberyorcorruption.“Anti-Money
Laundering
Laws
 ”meansanyandalllaws,statutes,regulationsorobligatorygovernmentorders,decrees,ordinancesorrulesrelatedtoterrorismfinancing,moneylaundering,anypredicatecrimetomoneylaunderingoranyfinancialrecordkeeping,includinganyapplicableprovisionofthePatriotActandTheCurrencyandForeignTransactionsReportingAct(alsoknownasthe“BankSecrecyAct,”31U.S.C.§§5311-5330and12U.S.C.§§1818(s),1820(b)and1951-1959).“Applicable
Percentage
 ”means,withrespecttoanyLender,(a) withrespecttoRevolvingLoans,LCExposureorSwinglineLoans,thepercentageequaltoafractionthenumeratorofwhich is such Lender’s Revolving Commitment and the denominator of which is the aggregate Revolving2






	
	3
0.200%Category 1:
Net Leverage Ratio:
Category 3:
 < 1.25 to 1.00>
2.00 to 1.00 but
 < 2.75 to 1.00
CommitmentsofallRevolvingLenders(iftheRevolvingCommitmentshaveterminatedorexpired,theApplicablePercentagesshallbedeterminedbasedupontheRevolvingCommitmentsmostrecentlyineffect,givingeffecttoanyassignments),and(b) withrespecttotheDelayedDrawTermLoans,apercentageequaltoafractionthenumeratorofwhichissuchLender’sDelayedDrawTermLoanCommitment(or,oncetheDelayedDrawTermLoanshavebeendrawn,theoutstandingprincipalamountoftheDelayedDrawTermLoans)andthedenominatorofwhichistheaggregateofallDelayedDraw Term Loan Commitments (or, once the Delayed Draw Term Loans have been drawn, the aggregateoutstandingprincipalamountoftheDelayedDrawTermLoansofallDelayedDrawTermLenders);provided
thatforeachoftheprecedingclauses(a)and(b),inthecaseofSection 2.24whenaDefaultingLendershallexist,anysuchDefaultingLender’sCommitmentsshallbedisregardedintheapplicablecalculation.“Applicable
Pledge
Percentage
 ”means100%but65%inthecaseofapledgebytheCompany or any Domestic Subsidiary of its Equity Interests in an Affected Foreign Subsidiary.“Applicable
Rate
 ”means,foranyday,withrespecttoanyEurocurrency
Term
Benchmark
Loan,
any
RFR
Loan,anyABRLoanorthefacilityfeespayablehereunder,asthecasemay
be,theapplicablerateperannumsetforthbelowunderthecaption“Eurocurrency
Term
Benchmark/RFR
Spread”,“ABRSpread”,or“FacilityFeeRate”,asthecasemaybe,basedupontheNetLeverageRatioapplicable on such date:0.200%0.15%1.300%Facility Fee
Rate
0.300%1.10%Category 4:
0.100%>
2.75 to 1.00but
 < 3.25 to 1.00
Term
Benchmark/
Eurocurrency
R
FR
Spread
0.250%1.500%0.500%Category 2:
ABR Spread
Category 5:
 >
1.25 to 1.00but
 < 2.00 to 1.00
 >
3.25 to 1.000.300%0.175%1.700%0.700%1.200%For purposes of the foregoing,(i)ifatanytimetheCompanyfailstodelivertheFinancialsonorbeforethedatetheFinancialsaredue,Category5shallbedeemedapplicablefortheperiodcommencingfive(5)BusinessDaysaftertherequireddateofdeliveryandendingonthedatewhichisfive(5)BusinessDaysaftertheFinancialsareactuallydelivered,afterwhichtheCategoryshallbedetermined in accordance with the table above as applicable;(ii)adjustments,ifany,totheCategorythenineffectshallbeeffectivefive(5)BusinessDaysaftertheAdministrativeAgenthasreceivedtheapplicableFinancials(itbeingunderstoodandagreedthateachchangeinCategoryshallapplyduringtheperiodcommencingonthe






	
	effectivedateofsuchchangeandendingonthedateimmediatelyprecedingtheeffectivedateofthe next such change); and(iii) notwithstanding the foregoing, Category 3 shall be deemed to be applicable until theAdministrative Agent’s receipt of the applicable Financials for the Company’s first fiscal quarterending after the Restatement Effective Date  (unless such Financials demonstrate that Category 4or5shouldhavebeenapplicableduringsuchperiod,inwhichcasesuchotherCategoryshallbedeemedtobeapplicableduringsuchperiod)andadjustmentstotheCategorythenineffectshallthereafter be effected in accordance with the preceding paragraphs.IfatanytimetheAdministrativeAgentdeterminesthatthefinancialstatementsuponwhichtheApplicable Rate was determined were incorrect (whether based on a restatement, fraud or otherwise), theCompanyshallberequiredtoretroactivelypayanyadditionalamountthattheCompanywouldhavebeen required to pay if such financial statements had been accurate at the time they were delivered.“Applicable
Time
 ”
means,
with
respect
to
any
Borrowings
and
payments
in
any
Foreign
Currency,
the
local
time
in
the
place
of
settlement
for
such
Foreign
Currency
as
may
be
determined
by
the
Administrative
Agent
or
the
Issuing
Bank
,
as
the
case
may
be,
to
be
necessary
for
timely
settlement
on the relevant date in accordance with normal banking procedures in the place of payment.
 “Approved Electronic Platform
 ” has the meaning assigned to it in Section 8.03(a).“Approved Fund
 ” has the meaning assigned to such term in Section 9.04(b).“Assignment
and
Assumption
 ”meansanassignmentandassumptionagreemententeredintobyaLenderandanassignee(withtheconsentofanypartywhoseconsentisrequiredbySection9.04),andacceptedbytheAdministrativeAgent,intheformofExhibitAoranyotherform(includingelectronic records generated by the use of an electronic platform) approved by the Administrative Agent.“Attributable
Receivables
Indebtedness
 ”means,atanytime,theprincipalamountofIndebtednesswhich(i)ifaPermittedReceivablesFacilityisstructuredasalendingagreementorothersimilaragreement,constitutestheprincipalamountofsuchIndebtednessor(ii)ifaPermittedReceivablesFacilityisstructuredasapurchaseagreementorothersimilaragreement,wouldbeoutstandingatsuchtimeunderthePermittedReceivablesFacilityifthesamewerestructuredasalendingagreementratherthanapurchaseagreementorsuchothersimilaragreement(whethersuchamount is described as “capital” or otherwise).“Augmenting Lender
 ” has the meaning assigned to such term in Section 2.20.“Availability
 ”means,atanytime,anamountequalto(a)theaggregateRevolvingCommitmentsminus(b)theTotalRevolvingCreditExposure(calculated,withrespecttoanyDefaultingLender,asifsuchDefaultingLenderhadfundeditsApplicablePercentageofalloutstandingBorrowings).“Availability
Period
 ”meanstheperiodfromandincludingtheRestatementEffectiveDatetobutexcludingtheearlieroftheMaturityDateandthedateofterminationoftheRevolvingCommitments.“Available
Tenor
 ”means,asofanydateofdeterminationandwithrespecttothethen-currentBenchmarkfor
any
Agreed
Currency
,asapplicable,anytenorforsuchBenchmark(or
component
thereof)
orpaymentperiodforinterestcalculatedwithreferencetosuchBenchmark(or
4






	
	component
thereof)
,asapplicable,thatisormaybeusedfordeterminingthelengthofanInterestPeriod
for
any
term
rate
or
otherwise,
for
determining
any
frequency
of
making
payments
of
interest
calculated
pursuanttothisAgreementasofsuchdateandnotincluding,fortheavoidanceofdoubt,anytenorforsuchBenchmarkthatisthen-removedfromthedefinitionof“InterestPeriod”pursuanttoclause(f
e
)of
Section 2.14.“Bail-In
Action
 ”meanstheexerciseofanyWrite-DownandConversionPowersbytheapplicable Resolution Authority in respect of any liability of an Affected Financial Institution.“Bail-In
Legislation
 ”means(a)withrespecttoanyEEAMemberCountryimplementingArticle55ofDirective2014/59/EUoftheEuropeanParliamentandoftheCounciloftheEuropeanUnion, the implementing law, regulation rule or requirement for such EEA Member Country from time totimewhichisdescribedintheEUBail-InLegislationScheduleand(b)withrespecttotheUnitedKingdom,  Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any otherlaw,regulationorruleapplicableintheUnitedKingdomrelatingtotheresolutionofunsoundorfailingbanks,investmentfirmsorotherfinancialinstitutionsortheiraffiliates(otherthanthroughliquidation,administration or other insolvency proceedings)“Banking
Services
 ”meanseachandanyofthefollowingbankservicesprovidedtotheCompanyoranySubsidiarybyanyLenderoranyofitsAffiliates:(a) creditcardsforcommercialcustomers(including,withoutlimitation,commercialcreditcardsandpurchasingcards),(b) storedvaluecards,(c)merchantprocessingservicesand(d) treasurymanagementservices(including,withoutlimitation,controlleddisbursement,automatedclearinghousetransactions,returnitems,anydirectdebitscheme or arrangement, overdrafts and interstate depository network services).“Banking
Services
Agreement
 ”meansanyagreemententeredintobytheCompanyorany Subsidiary in connection with Banking Services.“Banking
Services
Obligations
 ”meansanyandallobligationsoftheCompanyoranySubsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced oracquired(includingallrenewals,extensionsandmodificationsthereofandsubstitutionstherefor)inconnection with Banking Services.“Bankruptcy
Code
 ”meansTitle 11oftheUnitedStatesCodeentitled“Bankruptcy,”asnow or hereafter in effect, or any successor thereto, as hereafter amended.“Bankruptcy Event
 ” means, with respect to any Person, such Person becomes the subjectofavoluntaryorinvoluntarybankruptcyorinsolvencyproceeding,orhashadareceiver,conservator,trustee,administrator,custodian,assigneeforthebenefitofcreditorsorsimilarPersonchargedwiththereorganizationorliquidationofitsbusinessappointedforit,or,inthegoodfaithdeterminationoftheAdministrativeAgent,hastakenanyactioninfurtheranceof,orindicatingitsconsentto,approvalof,oracquiescencein,anysuchproceedingorappointmentorhashadanyorderforreliefinsuchproceedingenteredinrespectthereof;provided
thataBankruptcyEventshallnotresultsolelybyvirtueofanyownershipinterest,ortheacquisitionofanyownershipinterest,insuchPersonbyaGovernmentalAuthorityorinstrumentalitythereof,unlesssuchownershipinterestresultsinorprovidessuchPersonwithimmunityfromthejurisdictionofcourtswithintheUnitedStatesorfromtheenforcementofjudgments or writs of attachment on its assets or permits such Person (or such Governmental Authority orinstrumentality)toreject,repudiate,disavowordisaffirmanycontractsoragreementsmadebysuchPerson.5






	
	“Benchmark
 ” means, initially, with respect to any (i) RFR Loan in any Agreed Currency,
the
applicable
Relevant
Rate
for
such
Agreed
Currency
or
(ii)
Term
Benchmark
Loan,
theRelevantRate
for
the
applicable
Agreed
Currency
;providedthatifaBenchmarkTransitionEvent,
a
Term
SOFR
Transition
Event,
a
Term
ESTR
Transition
or
an
Early
Opt-in
Election
,
as
applicable,
and
its
and
the
relatedBenchmarkReplacementDatehaveoccurredwithrespecttothe
applicable
RelevantRateorthe
then-currentBenchmarkfor
such
Agreed
Currency
,then“Benchmark”meanstheapplicableBenchmark
ReplacementtotheextentthatsuchBenchmarkReplacementhasreplacedsuchpriorbenchmarkratepursuant to clause (b) or clause (c)
of Section 2.14.
 “Benchmark
Replacement
 ”means,foranyAvailableTenor,thefirstalternativesetforthintheorderbelowthatcanbedeterminedbytheAdministrativeAgentfortheapplicableBenchmarkReplacementDate;provided
that,inthecaseofanyLoandenominatedinanAgreedCurrencyotherthanDollarsor euro
, “Benchmark Replacement” shall mean the alternative set forth in (3
2
) below:
(1)
(A)
in
the
case
of
any
Loan
denominated
in
Dollars,
the
sum
of:
(a)
Term
SOFR
and
(b) the related Benchmark Replacement Adjustment,
(
B)
in
the
case
of
any
Loan
denominated
in
euro,
the
sum
of
(a)
Term
ESTR
and
(b) the related Benchmark Replacement Adjustment,
(2)
(A
1
)inthecaseofanyLoandenominatedinDollars,thesumof:(a)DailySimple
SOFR and (b) the related Benchmark Replacement Adjustment,(B)
in
the
case
of
any
Loan
denominated
in
euro,
the
sum
of
(a)
Daily
Simple
ESTR and (b) the related Benchmark Replacement Adjustment,
(3
2
)thesumof:(a)thealternatebenchmarkratethathasbeenselectedbythe
AdministrativeAgentandtheCompanyasthereplacementforthethen-currentBenchmarkfortheapplicableCorrespondingTenorgivingdueconsiderationto(i)anyselectionorrecommendationofareplacement benchmark rate or the mechanism for determining such a rate by the Relevant GovernmentalBodyor(ii)anyevolvingorthen-prevailingmarketconventionfordeterminingabenchmarkrateasareplacement for the then-current Benchmark for syndicated credit facilities denominated in the applicableAgreedCurrencyatsuchtimein
the
United
States
and(b)therelatedBenchmarkReplacement
Adjustment;provided
that,
in
the
case
of
clause
(1)(A)
or
(1)(B),
such
Unadjusted
Benchmark
Replacement
is
displayed
on
a
screen
or
other
information
service
that
publishes
such
rate
from
time
to
time
as
selected
by
the
Administrative
Agent
in
its
reasonable
discretion
;
provided
further
that,
(x)
with
respect
to
a
Loan
denominated
in
Dollars,
notwithstanding
anything
to
the
contrary
in
this
Agreement
or
in
any
other
Loan
Document,
upon
the
occurrence
of
a
Term
SOFR
Transition
Event,
and
the
delivery
of
a
Term
SOFR
Notice,
on
the
applicable
Benchmark
Replacement
Date
the
 “Benchmark
Replacement”
shall
revert
to
and
shall
be
deemed
to
be
the
sum
of
(a)
Term
SOFR
and
(b)
the
related
Benchmark
Replacement
Adjustment,
as
set
forth
in
clause
(1)(A)
of
this
definition
(subject
to
the
first
proviso
above),
and
(y)
with
respect
to
a
Loan
denominated
in
euro,
notwithstanding
anything
to
the
contrary
in
this
Agreement
or
in
any
other
Loan
Document,
upon
the
occurrence
of
a
Term
ESTR
Transition
Event,
and
the
delivery
of
a
Term
ESTR
Notice,
on
the
applicable
Benchmark
Replacement
Date
the
 “Benchmark
Replacement”
shall
revert
to
and
shall
be
deemed
to
be
the
sum
of
(a)
Term
ESTR
and
(b)
the
related
Benchmark
Replacement
Adjustment,
as
set
forth
in
clause
(1)(B)
of
this
definition
(subject
to
the
first
proviso
above).
6






	
	IftheBenchmarkReplacementasdeterminedpursuanttoclause(1),
or
(2)
or
(3
)abovewouldbeless
thantheFloor,theBenchmarkReplacementwillbedeemedtobetheFloorforthepurposesofthisAgreement and the other Loan Documents.“Benchmark
Replacement
Adjustment
 ”means,withrespecttoanyreplacementofthethen-currentBenchmarkwithanUnadjustedBenchmarkReplacementforanyapplicableInterestPeriodand Available Tenor for any setting of such Unadjusted Benchmark Replacement:
,
the
spread
adjustment,
or
method
for
calculating
or
determining
such
spread
adjustment, (which may be a positive or negative value or zero) that has been selected by
(1) for purposes
of
clauses
(1)
and
(2)
of
the
definition
of
 “Benchmark
Replacement,”
the
first
alternative
set
forth
in
the
order below that can be determined by the Administrative Agent:
(a)
the
spread
adjustment,
or
method
for
calculating
or
determining
such
spread
adjustment,
(which
may
be
a
positive
or
negative
value
or
zero)
as
of
the
Reference
Time
such
Benchmark
Replacement
is
first
set
for
such
Interest
Period
that
has
been
selected
or
recommended
by
the
Relevant
Governmental
Body
for
the
replacement
of
such
Benchmark
with
the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor;
(b)
the
spread
adjustment
(which
may
be
a
positive
or
negative
value
or
zero)
as
of
the
Reference
Time
such
Benchmark
Replacement
is
first
set
for
such
Interest
Period
that
would
apply
to
the
fallback
rate
for
a
derivative
transaction
referencing
the
ISDA
Definitions
to
be
effective
upon
an
index
cessation
event
with
respect
to
such
Benchmark
for
the
applicable
Corresponding Tenor; and
(2)
for
purposes
of
clause
(3)
of
the
definition
of
 “Benchmark
Replacement,”
the
spread
adjustment,
or
method
for
calculating
or
determining
such
spread
adjustment,
(which
may
be
a
positive
or negative value or zero) that has been selected by
the
the
Administrative Agent and the Company for the
applicableCorrespondingTenorgivingdueconsiderationto(i)anyselectionorrecommendationofaspreadadjustment,ormethodforcalculatingordeterminingsuchspreadadjustment,forthereplacementofsuchBenchmarkwiththeapplicableUnadjustedBenchmarkReplacementbytheRelevantGovernmentalBodyontheapplicableBenchmarkReplacementDateand/or(ii)anyevolvingorthen-prevailingmarketconventionfordeterminingaspreadadjustment,ormethodforcalculatingordeterminingsuchspreadadjustment,forthereplacementofsuchBenchmarkwiththeapplicableUnadjustedBenchmarkReplacementforsyndicatedcreditfacilitiesdenominatedintheapplicableAgreed Currency at such time;
..
provided
that,
in
the
case
of
clause
(1)
above,
such
adjustment
is
displayed
on
a
screen
or
other
information
service
that
publishes
such
Benchmark
Replacement
Adjustment
from
time
to
time
as
selected by the Administrative Agent in its reasonable discretion.
 “Benchmark
Replacement
Conforming
Changes
 ”means,withrespecttoanyBenchmarkReplacementand/or
any
Term
Benchmark
Loan
denominated
in
Dollars
,anytechnical,administrativeor
operationalchanges(includingchangestothedefinitionof“AlternateBaseRate,”thedefinitionof“BusinessDay,”thedefinitionof“U.S.
Government
Securities
Business
Day”,
the
definition
of
 “RFR
Business Day”, the definition of “
Interest Period,” timing and frequency of determining rates and making
paymentsofinterest,timingofborrowingrequestsorprepayment,conversionorcontinuationnotices,lengthoflookbackperiods,theapplicabilityofbreakageprovisions,andothertechnical,administrativeoroperationalmatters)thattheAdministrativeAgentreasonablydecidesmaybeappropriatetoreflecttheadoptionandimplementationofsuchBenchmarkReplacement
andtopermittheadministration
thereofbytheAdministrativeAgentinamannersubstantiallyconsistentwithmarketpractice(or,ifthe7






	
	AdministrativeAgentreasonablydecidesthatadoptionofanyportionofsuchmarketpracticeisnotadministrativelyfeasibleoriftheAdministrativeAgentdeterminesthatnomarketpracticefortheadministrationofsuchBenchmarkReplacement
exists,insuchothermannerofadministrationasthe
AdministrativeAgentdecidesisreasonablynecessaryinconnectionwiththeadministrationofthisAgreement and the other Loan Documents).“Benchmark
Replacement
Date
 ”means,withrespecttoanyBenchmark,theearliesttooccur of the following events with respect to such then-current Benchmark:(1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” thelaterof(a)thedateofthepublicstatementorpublicationofinformationreferencedthereinand(b)thedateonwhichtheadministratorofsuchBenchmark(orthepublishedcomponentusedinthecalculationthereof)permanentlyorindefinitelyceasestoprovideallAvailableTenorsofsuchBenchmark(orsuchcomponent thereof);or
(2)inthecaseofclause(3)ofthedefinitionof“BenchmarkTransitionEvent,”thefirst
date of the public
on which such Benchmark
(or the
published component used in the calculation thereof)
has
been
determined
and
announced
by
the
regulatory
supervisor
for
the
administrator
of
such
Benchmark
(or
such
component
thereof)
to
be
no
longer
representative;
provided,
that
such
non-representativeness
will
be
determined
by
reference
to
the
most
recent
statementorpublicationof
information
referenced therein;
in such clause (3) and even if any Available Tenor of such Benchmark (or
such component thereof) continues to be provided on such date.
(3)
in
the
case
of
a
Term
SOFR
Transition
Event
or
a
Term
ESTR
Transition
Event,
as
applicable, the date that is thirty (30) days after the date a Term SOFR Notice or a Term ESTR Notice, as
applicable, is provided to the Lenders and the Company pursuant to Section 2.14(c); or
(4)
in
the
case
of
an
Early
Opt-in
Election,
the
sixth
(6th)
Business
Day
after
the
date
notice
of
such
Early
Opt-in
Election
is
provided
to
the
Lenders,
so
long
as
the
Administrative
Agent
has
not
received,
by
5:00
p.m.
(New
York
City
time)
on
the
fifth
(5th)
Business
Day
after
the
date
notice
of
such
Early
Opt-in
Election
is
provided
to
the
Lenders,
written
notice
of
objection
to
such
Early
Opt-in
Election from Lenders comprising the Required Lenders.
Fortheavoidanceofdoubt,(i)iftheeventgivingrisetotheBenchmarkReplacementDateoccursonthesamedayas,butearlierthan,theReferenceTimeinrespectofanydetermination,theBenchmarkReplacementDatewillbedeemedtohaveoccurredpriortotheReferenceTimeforsuchdeterminationand(ii)the“BenchmarkReplacementDate”willbedeemedtohaveoccurredinthecaseofclause(1)or(2)withrespecttoanyBenchmarkupontheoccurrenceoftheapplicableeventoreventssetforththereinwithrespecttoallthen-currentAvailableTenorsofsuchBenchmark(orthepublishedcomponent used in the calculation thereof).“Benchmark Transition Event
 ” means, with respect to any Benchmark, the occurrence ofone or more of the following events with respect to such then-current Benchmark:(1)apublicstatementorpublicationofinformationbyoronbehalfoftheadministratorofsuchBenchmark(orthepublishedcomponentusedinthecalculationthereof)announcingthatsuchadministratorhasceasedorwillceasetoprovideallAvailableTenorsofsuchBenchmark(orsuchcomponentthereof),permanentlyorindefinitely,providedthat,atthetimeofsuchstatementorpublication, there is no successor administrator that will continue to provide any Available Tenor of suchBenchmark (or such component thereof);8






	
	(2)apublicstatementorpublicationofinformationbytheregulatorysupervisorfortheadministratorofsuchBenchmark(orthepublishedcomponentusedinthecalculationthereof),theBoard,theNYFRB,the
CME
Term
SOFR
Administrator,
the
central
bank
for
the
Agreed
Currency
applicable
to
such
Benchmark,
aninsolvencyofficialwithjurisdictionovertheadministratorforsuch
Benchmark(orsuchcomponent),aresolutionauthoritywithjurisdictionovertheadministratorforsuchBenchmark(orsuchcomponent),
in
each
case,
oracourtoranentitywithsimilarinsolvencyor
resolutionauthorityovertheadministratorforsuchBenchmark(orsuchcomponent),ineachcasewhichstatesthattheadministratorofsuchBenchmark(orsuchcomponent)hasceasedorwillceasetoprovideallAvailableTenorsofsuchBenchmark(orsuchcomponentthereof)permanentlyorindefinitely;providedthat,atthetimeofsuchstatementorpublication,thereisnosuccessoradministratorthatwillcontinue to provide any Available Tenor of such Benchmark (or such component thereof); or(3)apublicstatementorpublicationofinformationbytheregulatorysupervisorfortheadministratorofsuchBenchmark(orthepublishedcomponentusedinthecalculationthereof)announcingthatallAvailableTenorsofsuchBenchmark(orsuchcomponentthereof)arenolonger,
or
as of a specified future date will no longer be,
representative.
Fortheavoidanceofdoubt,a“BenchmarkTransitionEvent”willbedeemedtohaveoccurredwithrespecttoanyBenchmarkifapublicstatementorpublicationofinformationsetforthabovehasoccurredwithrespecttoeachthen-currentAvailableTenorofsuchBenchmark(orthepublished component used in the calculation thereof).“Benchmark Unavailability Period
 ” means, with respect to any Benchmark, the period (ifany)(x)beginningatthetimethataBenchmarkReplacementDatepursuanttoclauses(1)or(2)ofthatdefinitionhasoccurredif,atsuchtime,noBenchmarkReplacementhasreplacedsuchthen-currentBenchmarkforallpurposeshereunderandunderanyLoanDocumentinaccordancewithSection2.14and(y)endingatthetimethataBenchmarkReplacementhasreplacedsuchthen-currentBenchmarkforall purposes hereunder and under any Loan Document in accordance with Section 2.14.“Beneficial
Ownership
Certification
 ”meansacertificationregardingbeneficialownership or control as required by the Beneficial Ownership Regulation.“Beneficial Ownership Regulation
 ” means 31 C.F.R. § 1010.230.“Benefit
Plan
 ”meansanyof(a)an“employeebenefitplan”(asdefinedinERISA)thatissubjecttoTitleIofERISA,(b)a“plan”asdefinedinandsubjecttoSection4975oftheCode,or(c)any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of TitleI of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.“BHC
Act
Affiliate
 ”ofapartymeansan“affiliate”(assuchtermisdefinedunder,andinterpreted in accordance with, 12 U.S.C. 1841(k)) of such party.“Blocking Regulation
 ” has the meaning assigned to it in Section 3.15.“Board
 ”meanstheBoardofGovernorsoftheFederalReserveSystemoftheUnitedStates of America.“Borrower
 ” means the Company or any Foreign Subsidiary Borrower.“Borrowing
 ”means(a)RevolvingLoansofthesameType,made,convertedorcontinued on the same date and, in the case of Eurocurrency
TermBenchmark
Loans, as to which a single
9






	
	InterestPeriodisineffector(b)aDelayedDrawTermLoanofthesameTypeandClass,made,convertedorcontinuedonthesamedateand,inthecaseofEurocurrency
Term
Benchmark
Loans,asto
which a single Interest Period is in effect or (c) a Swingline Loan.“Borrowing
Request
 ”meansarequestbyanyBorrowerforaBorrowinginaccordancewith Section 2.03 in the form attached hereto as Exhibit K-1.“Borrowing
Subsidiary
Agreement
 ”meansaBorrowingSubsidiaryAgreementsubstantially in the form of Exhibit F-1.“Borrowing
Subsidiary
Termination
 ”meansaBorrowingSubsidiaryTerminationsubstantially in the form of Exhibit F-2.“Business Day
 ” means, as applicable, (A) any day (other than a Saturday or a Sunday) on
which
banks
are
open
for
business
in
New
York
City
,
(B
)
in
relation
to
the
calculation
or
computation
of
LIBOR,
anyday(otherthanaSaturdayoraSunday)onwhichbanksareopenforbusinessinLondon,
and
(C)
New
York
City
;
provided
that,
in
addition
to
the
foregoing,
a
Business
Day
shall
be
(a
)
in
relation
to
Loans
denominated
in
Euros
and
in
relation
to
the
calculation
or
computation
of
EURIBOR,
anydaywhichisaTARGETDay.
,
(b)
in
relation
to
RFR
Loans
and
any
interest
rate
settings,
fundings,
disbursements,
settlements
or
payments
of
any
such
RFR
Loan,
or
any
other
dealings
in
the
applicable
Agreed
Currency
of
such
RFR
Loan,
any
such
day
that
is
only
a
RFR
Business
Day
and
(c)
in
relation
to
Loans
referencing
the
Adjusted
Term
SOFR
Rate
and
any
interest
rate
settings,
fundings,
disbursements,
settlements
or
payments
of
any
such
Loans
referencing
the
Adjusted
Term
SOFR
Rate
or
any
other
dealings
of
such
Loans
referencing
the
Adjusted
Term
SOFR
Rate,
any
such
day
that
is
a
U.S.
Government Securities Business Day.
 “Capital
Lease
Obligations
 ”ofanyPersonmeans,subjecttoSection1.04(c)hereof,theobligationsofsuchPersontopayrentorotheramountsunderanyleaseof(orotherarrangementconveyingtherighttouse)realorpersonalproperty,oracombinationthereof,whichobligationsarerequired to be classified and accounted for as capital leases or financing leases on a balance sheet of suchPersonunderGAAP,andtheamountofsuchobligationsshallbethecapitalizedamountthereofdetermined in accordance with GAAP.“CBR
Loan”
means
a
Loan
that
bears
interest
at
a
rate
determined
by
reference
to
the
Central Bank Rate.
 “CBR
Spread”
means
the
Applicable
Rate,
applicable
to
such
Loan
that
is
replaced
by
a
CBR Loan.
 “Central
Bank
Rate”
means,
the
greater
of
(I)(A)
for
any
Loan
denominated
in
(a)
Euro,
one
of
the
following
three
rates
as
may
be
selected
by
the
Administrative
Agent
in
its
reasonable
discretion
:
(1)
the
fixed
rate
for
the
main
refinancing
operations
of
the
European
Central
Bank
(
or
any
successor
thereto
),
or,
if
that
rate
is
not
published,
the
minimum
bid
rate
for
the
main
refinancing
operations
of
the
European
Central
Bank
(
or
any
successor
thereto),
each
as
published
by
the
European
Central Bank (or any successor thereto)
from time to time
, (2) the rate for the marginal lending facility of
the
European
Central
Bank
(or
any
successor
thereto),
as
published
by
the
European
Central
Bank
(or
any
successor
thereto)
from
time
to
time,
or
(3)
the
rate
for
the
deposit
facility
of
the
central
banking
system
of
the
Participating
Member
States,
as
published
by
the
European
Central
Bank
(or
any
successor
thereto)
from
time
to
time
,
and
(b)
any
other
Foreign
Currency
determined
after
the
Amendment
No.
1
10






	
	Effective Date, a central bank rate as determined
by the Administrative Agent in its reasonable discretion
plus (B) the applicable Central Bank Rate Adjustment and (II) the Floor.
 “Central
Bank
Rate
Adjustment”
means
for
any
day,
for
any
Loan
denominated
in
(a)
Euro,
a
rate
equal
to
the
difference
(which
may
be
a
positive
or
negative
value
or
zero)
of
(i)
the
average
of the
Adjusted EURIBOR Rate for the five most recent Business Days preceding such day for which the
EURIBOR
Screen
Rate
was
available
(excluding,
from
such
averaging,
the
highest
and
the
lowest
Adjusted
EURIBOR
Rate
applicable
during
such
period
of
five
Business
Days)
minus
(ii)
the
Central
Bank
Rate
in
respect
of
Euro
in
effect
on
the
last
Business
Day
in
such
period,
and
(b)
any
other
Foreign
Currency
determined
after
the
Amendment
No.
1
Effective
Date,
a
Central
Bank
Rate
Adjustment
as
determined
by
the
Administrative
Agent
in
its
reasonable
discretion.
For
purposes
of
this
definition,
(x)
the term Central Bank Rate shall be determined disregarding clause (B) of the definition of such term and
(y)
the
EURIBOR
Rate
on
any
day
shall
be
based
on
the
EURIBOR
Screen
Rate
on
such
day
at
approximately
the
time
referred
to
in
the
definition
of
such
term
for
deposits
in
the
applicable
Agreed
Currency for a maturity
of one month.
 “Change
in
Control
 ”means(a)theacquisitionofownership,directlyorindirectly,beneficiallyorofrecord,byanyPersonorgroup(withinthemeaningoftheSecuritiesExchangeActof1934andtherulesoftheSecuritiesandExchangeCommissionthereunderasineffectonthedatehereof),ofEquityInterestsrepresentingmorethan35%oftheaggregateordinaryvotingpowerrepresentedbytheissuedandoutstandingEquityInterestsoftheCompany;(b)occupationofamajorityoftheseats(otherthanvacantseats)ontheboardofdirectorsoftheCompanybyPersonswhowereneither(i)nominatedbytheboardofdirectorsoftheCompanynor(ii)approvedbydirectorssonominated or approved; (c) the occurrence of a change in control, or other similar provision, as defined inanyagreementorinstrumentevidencinganyMaterialIndebtedness(triggeringadefaultormandatoryprepayment, which default or mandatory prepayment has not been waived in writing) or (d) the Companyceasestoown,directlyorindirectly,andControl100%(otherthandirectors’qualifyingshares)oftheordinary voting and economic power of any Foreign Subsidiary Borrower.“Change in Law
 ” means the occurrence, after the date of this Agreement (or with respecttoanyLender,iflater,thedateonwhichsuchLenderbecomesaLender),ofanyofthefollowing:(a) theadoptionortakingeffectofanylaw,rule,regulationortreaty,(b) anychangeinanylaw,rule,regulationortreatyorintheadministration,interpretation,implementationorapplicationthereofbyanyGovernmentalAuthority,or(c) themakingorissuanceofanyrequest,rules,guideline,requirementordirective(whetherornothavingtheforceoflaw)byanyGovernmentalAuthority;provided
however
,thatnotwithstandinganythinghereintothecontrary,(i) theDodd-FrankWallStreetReformandConsumerProtectionActandallrequests,rules,guidelines,requirementsanddirectivesthereunder,issuedinconnectiontherewithorinimplementationthereof,and(ii) allrequests,rules,guidelines,requirementsanddirectivespromulgatedbytheBankforInternationalSettlements,theBaselCommitteeonBankingSupervision(oranysuccessororsimilarauthority)ortheUnitedStatesorforeignregulatoryauthorities,ineachcasepursuanttoBaselIII,shallineachcasebedeemedtobea“ChangeinLaw”regardless of the date enacted, adopted, issued or implemented.“Class
 ”,whenusedinreferencetoanyLoanorBorrowing,referstowhethersuchLoan,ortheLoanscomprisingsuchBorrowing,areRevolvingLoans,DelayedDrawTermLoansorSwinglineLoans.“CME
Term
SOFR
Administrator”
means
CME
Group
Benchmark
Administration
Limited
as
administrator
of
the
forward-looking
term
Secured
Overnight
Financing
Rate
(SOFR)
(or
a
successor administrator).
11






	
	“Code
 ” means the Internal Revenue Code of 1986, as amended from time to time.“Co-Documentation
Agent
 ”meanseachofBankoftheWest,BMOHarrisBank,N.A.,andWellsFargoBank,NationalAssociationinitscapacityasco-documentationagentforthecreditfacility evidenced by this Agreement.“Co-Syndication
Agent
 ”meanseachofHSBCBankUSA,NationalAssociationandU.S.BankNationalAssociationinitscapacityassyndicationagentforthecreditfacilitiesevidencedbythis Agreement.“Collateral
 ”meansanyandallpropertyowned,leasedoroperatedbyaPersoncoveredbytheCollateralDocumentsandanyandallotherpropertyofanyLoanParty,nowexistingorhereafteracquired,thatmayatanytimebeorbecomesubjecttoasecurityinterestorLieninfavorofAdministrative Agent, on behalf of itself and the Secured Parties, to secure the Secured Obligations.“Collateral
Documents
 ”means,collectively,theSecurityAgreement,eachPledgeAgreementandallotheragreements,instrumentsanddocumentsexecutedinconnectionwiththisAgreementthatareintendedtocreate,perfectorevidenceLienstosecuretheSecuredObligations,including,withoutlimitation,allothersecurityagreements,pledgeagreements,loanagreements,notes,guarantees,subordinationagreements,pledges,powersofattorney,consents,assignments,contracts,feeletters,notices,leases,financingstatementsandallotherwrittenmatterwhetherheretofore,now,orhereafter executed by the Company or any of its Subsidiaries and delivered to the Administrative Agent.“Commitment
 ”means,withrespecttoeachLender,thesumofsuchLender’sRevolvingCommitmentandDelayedDrawTermLoanCommitment.TheinitialamountofeachLender’sCommitment is set forth on Schedule 2.01
, or in the Assignment and Assumption or other documentationcontemplated hereby pursuant to which such Lender shall have assumed its Commitment, as applicable.“Commodity
Exchange
Act
 ”meanstheCommodityExchangeAct(7U.S.C.§1etseq.),as amended from time to time, and any successor statute.“Communications
 ” has the meaning assigned to such term in Section 8.03(c).“Company
 ” means Tennant Company, a Minnesota corporation.“Connection
Income
Taxes
 ”meansOtherConnectionTaxesthatareimposedonormeasured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.“Consolidated
Capital
Expenditures
 ”means,withoutduplication,anyexpendituresforanypurchaseorotheracquisitionofanyassetwhichwouldbeclassifiedasafixedorcapitalassetonaconsolidated balance sheet of the Company and its Subsidiaries prepared in accordance with GAAP.“Consolidated
EBITDA
 ”means,withreferencetoanyperiod,ConsolidatedNetIncomeplus,withoutduplicationandtotheextentdeductedfromrevenuesindeterminingConsolidatedNetIncome,(i)ConsolidatedInterestExpense,(ii)expensefortaxespaidoraccrued,(iii)depreciation,(iv)amortization,(v)allunusual,nonrecurringorextraordinarynon-cashlosses,chargesorexpenses(includingtotheextentrelatedtoimpairmentofgoodwill),(vi)cashrestructuringchargesofnotmorethan$10,000,000foranyperiodoffourconsecutivefiscalquarters,(vii)non-cashexpensesrelatedtostockbasedcompensationminus,totheextentincludedinConsolidatedNetIncome,(viii)interestincome,(ix)allunusual,nonrecurringorextraordinarynon-cashgainsandincomeand(x)demonstrablecostsavings,operatingexpensesreductionsandcostsynergies(ineachcase,netofcontinuedassociated12






	
	expenses) related to business combinations, acquisitions, divestures, restructuring, cost saving initiatives,andothersimilartransactionsthatarereasonablyidentifiableandfactuallysupportableandexpectedtoberealized(inthegoodfaithdeterminationoftheCompany),withineighteen(18)monthsaftersuchtransactionorinitiativehasbeenconsummated,netoftheamountofactualbenefitsrealizedduringsuchReferencePeriod(asdefinedbelow)fromsuchactions,provided
that(A) suchcostsavings,operatingexpensereductionsandcostsynergieshavebeenreasonablydetailedbytheCompanyintheapplicablecompliancecertificatedeliveredpursuanttoSection5.01(c)forsuchReferencePeriod,and(B) ifanycost savings, operating expense reductions or cost synergies included in any pro forma calculations basedontheanticipationthatsuchcostsynergies,operatingexpensereductionsorcostsavingswillbeachievedbysuchdateshallatanytimeceasetobereasonablyanticipatedbytheCompanytobesoachieved,thenonandaftersuchtimeproformacalculationsrequiredtobemadeunderthetermsofthisAgreementshallnotreflectsuchcostsynergies,operatingexpensereductionsorcostsavings,alldeterminedinaccordancewithGAAPforsuchperiod;provided
,further
thattheaggregateamountofsuchcostsynergies,operatingexpensereductionsorcostsavingsaddedbackinrelianceonthisclause(x)inanyReferencePeriodshallnotexceedfifteenpercent(15%)ofConsolidatedEBITDAforsuchReference Period (calculated before giving effect to any addbacks and adjustments under this clause (x)),allcalculatedfortheCompanyanditsSubsidiariesinaccordancewithGAAPonaconsolidatedbasis.ForthepurposesofcalculatingConsolidatedEBITDAforanyperiodoffourconsecutivefiscalquarters(each,a“Reference
Period
 ”),(i)ifatanytimeduringsuchReferencePeriodtheCompanyoranySubsidiaryshallhavemadeanyMaterialDisposition,theConsolidatedEBITDAforsuchReferencePeriodshallbereducedbyanamountequaltotheConsolidatedEBITDA(ifpositive)attributabletothepropertythatisthesubjectofsuchMaterialDispositionforsuchReferencePeriodorincreasedbyanamountequaltotheConsolidatedEBITDA(ifnegative)attributabletheretoforsuchReferencePeriod,and(ii)ifduringsuchReferencePeriodtheCompanyoranySubsidiaryshallhavemadeaMaterialAcquisition,ConsolidatedEBITDAforsuchReferencePeriodshallbecalculatedaftergivingproformaeffect thereto as if such Material Acquisition occurred on the first day of such Reference Period.  As usedinthisdefinition,“Material
Acquisition
 ”meansanyacquisitionofpropertyorseriesofrelatedacquisitionsofpropertythat(a)constitutes(i)assetscomprisingallorsubstantiallyalloranysignificantportion of a business or operating unit of a business, or (ii) all or substantially all of the common stock orotherEquityInterestsofaPerson,and(b)involvesthepaymentofconsiderationbytheCompanyanditsSubsidiaries in excess of $25,000,000; and “Material Disposition
 ” means any sale, transfer or dispositionofpropertyorseriesofrelatedsales,transfers,ordispositionsofpropertythatyieldsgrossproceedstothe Company or any of its Subsidiaries in excess of $25,000,000.“Consolidated
Interest
Expense
 ”means,withreferencetoanyperiod,theinterestexpense(includingwithoutlimitationinterestexpenseunderCapitalLeaseObligationsthatistreatedasinterestinaccordancewithGAAP)oftheCompanyanditsSubsidiariescalculatedonaconsolidatedbasisforsuchperiodwithrespecttoalloutstandingIndebtednessoftheCompanyanditsSubsidiariesallocabletosuchperiodinaccordancewithGAAP(including,withoutlimitation,allcommissions,discountsandotherfeesandchargesowedwithrespecttolettersofcreditandbankersacceptancefinancingandnetcostsunderinterestrateSwapAgreementstotheextentsuchnetcostsareallocabletosuchperiodinaccordancewithGAAP).IntheeventthattheCompanyoranySubsidiaryshallhavecompletedaMaterialAcquisitionoraMaterialDispositionsincethebeginningoftherelevantperiod,ConsolidatedInterestExpenseshallbedeterminedforsuchperiodonapro formabasisasifsuchacquisitionordisposition,andanyrelatedincurrenceorrepaymentofIndebtedness,hadoccurredatthebeginning of such period.“Consolidated Net Income
 ” means, with reference to any period, the net income (or loss)oftheCompanyanditsSubsidiariescalculatedinaccordancewithGAAPonaconsolidatedbasis(withoutduplication)forsuchperiod;provided
,thatthereshallbeexcludedanynon-cashgain(orloss)attributabletothemark-to-marketmovementinthevaluationofhedgingobligationsorotherderivative13






	
	instrumentspursuanttoFASBAccountingStandardsCodification815-DerivativesandHedgingormark-to-marketmovementofotherfinancialinstrumentspursuanttoFASBAccountingStandardsCodification 825-Financial Instruments in such period, except that any cash payments or receipts relatingtotransactionsrealizedinagivenperiodshallbetakenintoaccountinsuchperiod;provided
,further
,thatthereshallbeexcludedanyincome(orloss)ofanyPersonotherthantheCompanyoraSubsidiary,butanysuchincomesoexcludedmaybeincludedinsuchperiodoranylaterperiodtotheextentofanycashdividendsordistributionsactuallypaidintherelevantperiodtotheCompanyoranywholly-ownedSubsidiary of the Company.“Consolidated
Net
Indebtedness
 ”means,onanydate,withrespecttotheCompanyanditsSubsidiaries,(a)ConsolidatedTotalIndebtednessonsuchdateminus
(b)theamountbywhichthesumof100%ofUnrestrictedDomesticCashplus
75%ofUnrestrictedForeignCashonsuchdateexceeds$5,000,000(providedthattheamountunderthisclause(b)shallnotexceed$80,000,000intheaggregate).“Consolidated
Total
Assets
 ”means,asofthedateofanydeterminationthereof,totalassetsoftheCompanyanditsSubsidiariescalculatedinaccordancewithGAAPonaconsolidatedbasisas of such date.“Consolidated
Total
Indebtedness
 ”meansatanytimethesum,withoutduplication,of(a)theaggregateIndebtednessoftheCompanyanditsSubsidiariescalculatedonaconsolidatedbasisasof such time in accordance with GAAP, (b) the aggregate amount of Indebtedness of the Company and itsSubsidiariesrelatingtothemaximumdrawingamountofalllettersofcreditoutstandingandbankersacceptancesand(c)Indebtednessofthetypereferredtoinclauses(a)or(b)hereofofanotherPersonguaranteedbytheCompanyoranyofitsSubsidiaries.Fortheavoidanceofdoubt,ConsolidatedTotalIndebtedness includes all Attributable Receivables Indebtedness.“Control
 ” means the possession, directly or indirectly, of the power to direct or cause thedirectionofthemanagementorpoliciesofaPerson,whetherthroughtheabilitytoexercisevotingpower, by contract or otherwise.  “Controlling” and “Controlled” have meanings correlative thereto.“Corresponding
Tenor
 ”withrespecttoanyAvailableTenormeans,asapplicable,eitheratenor(includingovernight)oraninterestpaymentperiodhavingapproximatelythesamelength(disregarding business day adjustment) as such Available Tenor.“Covered Entity
 ” means any of the following:(i)a“coveredentity”asthattermisdefinedin,andinterpretedinaccordancewith,12 C.F.R. § 252.82(b);(ii)a“coveredbank”asthattermisdefinedin,andinterpretedinaccordancewith,12 C.F.R. § 47.3(b); or(iii)a “covered FSI” as that term is defined in, and interpreted in accordance with, 12C.F.R. § 382.2(b).“Covered Party
 ” has the meaning assigned to it in Section 9.19.“Credit
Event
 ”meansaBorrowing,theissuance,amendment,renewalorextensionofaLetter of Credit, an LC Disbursement or any of the foregoing.14






	
	“Credit
Exposure
 ”means,astoanyLenderatanytime,thesumof(a) suchLender’sRevolvingCreditExposureatsuchtime,plus(b) anamountequaltotheaggregateprincipalamountofits Delayed Draw Term Loans outstanding at such time.“Credit
Party
 ”meanstheAdministrativeAgent,theIssuingBank,theSwinglineLenderor any other Lender.“Daily
Simple
ESTR
RFR
 ”means,foranyday,
ESTR,
with
the
conventions
for
this
rate
(which
may
include
a
lookback)
being
established
by
the
Administrative
Agent
in
accordance
with
the
conventions
for
this
rate
selected
or
recommended
by
the
Relevant
Governmental
Body
for
determining
 “Daily
Simple
ESTR”
for
business
loans;
provided
that,
if
the
Administrative
Agent
decides
that
any
such
convention
is
not
administratively
feasible
for
the
Administrative
Agent,
then
the
Administrative
Agent
may
establish
another
convention
in
its
reasonable
discretion.
(an
 “RFR
Interest
Day”),
an
interest
rate
per
annum
equal
to,
for
any
RFR
Loan
denominated
in
Dollars,
Daily
Simple
SOFR
(following
a
Benchmark Transition Event and Benchmark Replacement Date with respect to the Term SOFR Rate)
..
 “Daily
Simple
SOFR
 ”means,foranyday,
(a
 “
SOFR
,
with
the
conventions
for
this
rate
(which
may
include
a
lookback)
being
established
by
the
Administrative
Agent
in
accordance
with
the
conventions
for
this
rate
selected
or
recommended
by
the
Relevant
Governmental
Body
for
determining
 “Daily
Simple
SOFR”
for
business
loans;
provided
that,
if
the
Administrative
Agent
decides
that
any
such
convention
is
not
administratively
feasible
for
the
Administrative
Agent,
then
the
Administrative
Agent
may
establish
another
convention
in
its
reasonable
discretion
..
Rate
Day”),
a
rate
per
annum
equal
to
SOFR
for
the
day
(
such
day
 “SOFR
Determination
Date”)
that
is
five
(5)
RFR
Business
Days
prior
to
(i)
if
such
SOFR
Rate
Day
is
an
RFR
Business
Day,
such
SOFR
Rate
Day
or
(ii)
if
such
SOFR
Rate
Day
is
not
an
RFR
Business
Day,
the
RFR
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
..
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 Borrower.
 “Deemed
Dividend
Problem
 ”means,withrespecttoanyForeignSubsidiary,suchForeignSubsidiary’saccumulatedandundistributedearningsandprofitsbeingdeemedtoberepatriatedtotheCompanyortheapplicableparentDomesticSubsidiaryunderSection956oftheCodeandtheeffectofsuchrepatriationcausingadversetaxconsequencestotheCompanyorsuchparentDomesticSubsidiary,ineachcaseasdeterminedbytheCompanyinitscommerciallyreasonablejudgmentactingin good faith and in consultation with its legal and tax advisors.“Default
 ”meansanyeventorconditionwhichconstitutesanEventofDefaultorwhichupon notice, lapse of time or both would, unless cured or waived, become an Event of Default.“Default
Right
 ”hasthemeaningassignedtothattermin,andshallbeinterpretedinaccordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.“Defaulting
Lender
 ”meansanyLenderthat(a)hasfailed,withintwo(2)BusinessDaysofthedaterequiredtobefundedorpaid,to(i)fundanyportionofitsLoans,(ii)fundanyportionofitsparticipationsinLettersofCreditorSwinglineLoansor(iii)payovertoanyCreditPartyanyotheramountrequiredtobepaidbyithereunder,unless,inthecaseofclause(i)above,suchLendernotifiestheAdministrativeAgentinwritingthatsuchfailureistheresultofsuchLender’sgoodfaithdeterminationthataconditionprecedenttofunding(specificallyidentifiedandincludingtheparticulardefault,ifany)hasnotbeensatisfied,(b)hasnotifiedtheCompanyoranyCreditPartyinwriting,orhasmadeapublicstatementtotheeffect,thatitdoesnotintendorexpecttocomplywithanyofitsfundingobligationsunderthisAgreement(unlesssuchwritingorpublicstatementindicatesthatsuchpositionis15






	
	basedonsuchLender’sgoodfaithdeterminationthataconditionprecedent(specificallyidentifiedandincludingtheparticulardefault,ifany)tofundingaLoanunderthisAgreementcannotbesatisfied)orgenerallyunderotheragreementsinwhichitcommitstoextendcredit,(c)hasfailed,withinthree(3)BusinessDaysafterrequestbyaCreditParty,actingingoodfaith,toprovideacertificationinwritingfromanauthorizedofficerofsuchLenderthatitwillcomplywithitsobligations(andisfinanciallyabletomeetsuchobligations)tofundprospectiveLoansandparticipationsinthenoutstandingLettersofCreditandSwinglineLoansunderthisAgreement,providedthatsuchLendershallceasetobeaDefaultingLenderpursuanttothisclause(c)uponsuchCreditParty’sreceiptofsuchcertificationinform and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of (A) aBankruptcy Event or (B) a Bail-In Action.“
Departing
Lender
 ”
means
each
lender
under
the
Existing
Credit
Agreement
immediately
prior
to
the
Restatement
Effective
Date
that
does
not
have
a
Commitment
hereunder
and
is
identified on the Departing Lender Schedule hereto.
 “
Departing
Lender
Schedule
 ”
means
the
Schedule
identifying
each
Departing
Lender
as
of the Restatement Effective Date attached hereto and identified as such.
 “Delayed
Draw
Term
Lender
 ”means,asofanydateofdetermination,eachLenderhaving a Delayed Draw Term Loan Commitment or that holds Delayed Draw Term Loans.“Delayed
Draw
Term
Loan
Commitment
 ”means(a) astoanyDelayedDrawTermLender,theaggregatecommitmentofsuchDelayedDrawTermLendertomakeDelayedDrawTermLoansassetforthonSchedule 2.01orinthemostrecentAssignmentAgreementorotherdocumentationcontemplatedherebyexecutedbysuchDelayedDrawTermLenderand(b) astoallDelayedDrawTermLenders,theaggregatecommitmentofallDelayedDrawTermLenderstomakeDelayedTermLoans,whichaggregatecommitmentshallbe$100,000,000asoftheRestatementEffectiveDate.AfteradvancingtheDelayedDrawTermLoans,which,fortheavoidanceofdoubt,shallbeborrowedinasingleadvance,eachreferencetoaDelayedDrawTermLender’sTermLoanCommitmentshallrefertothat Delayed Draw Term Lender’s Applicable Percentage of the Delayed Draw Term Loans.“Delayed
Draw
Term
Loan
Commitment
Period
 ”meanstheperiodcommencingontheRestatement Effective Date and ending on the Delayed Draw Term Loan Termination Date.“Delayed
Draw
Term
Loans
 ”meanstheDelayedDrawTermLoansmadepursuanttoSection 2.01(b) during the Delayed Draw Term Loan Commitment Period.“Delayed
Draw
Term
Loan
Termination
Date
 ”meanstheearliesttooccurof(a)June4,2021, (b) the date on which the Delayed Draw Term Loan Commitment is terminated pursuant to Section2.09 and (c) the date on which any Delayed Draw Term Loans are made pursuant to Section 2.01(b).“Departing
Lender”
means
each
lender
under
the
Existing
Credit
Agreement
immediately
prior
to
the
Restatement
Effective
Date
that
does
not
have
a
Commitment
hereunder
and
is
identified on the Departing Lender Schedule hereto.
 “Departing
Lender
Schedule”
means
the
Schedule
identifying
each
Departing
Lender
as
of the Restatement Effective Date attached hereto and identified as such.
 “Dollar Amount
 ” means, for any amount, at the time of determination thereof, (a) if suchamountisexpressedinDollars,suchamount,(b) ifsuchamountisexpressedinaForeignCurrency,theequivalentofsuchamountinDollarsdeterminedbyusingtherateofexchangeforthepurchaseofDollarswiththeForeignCurrencylastprovided(eitherbypublicationorotherwiseprovidedtothe16






	
	AdministrativeAgent)byReutersontheBusinessDay(NewYorkCitytime)immediatelyprecedingthedateofdeterminationorifsuchserviceceasestobeavailableorceasestoprovidearateofexchangeforthepurchaseofDollarswiththeForeignCurrency,asprovidedbysuchotherpubliclyavailableinformationservicewhichprovidesthatrateofexchangeatsuchtimeinplaceofReuterschosenbytheAdministrativeAgentinitssolediscretion(orifsuchserviceceasestobeavailableorceasestoprovidesuchrateofexchange,theequivalentofsuchamountinDollarsasdeterminedbytheAdministrativeAgentusinganymethodofdeterminationitdeemsappropriateinitssolediscretion)and(c) ifsuchamountisdenominatedinanyothercurrency,theequivalentofsuchamountinDollarsasdeterminedbythe Administrative Agent using any method of determination it deems appropriate in its sole discretion.“Dollars
 ” or “$
 ” refers to lawful money of the United States of America.“Domestic
Subsidiary
 ”meansaSubsidiaryorganizedunderthelawsofajurisdictionlocated in the United States of America.“Dutch Pledge Agreement
 ” means that certain Deed of Disclosed Pledge Over PartnershipInterestsTCOC.V.,datedApril4,2017,byandamongtheCompany,TCOC.V.andtheAdministrativeAgent.“
Early Opt-in Election
 ” means, with respect to any
Agreed
Currency, the
occurrence of:
(1)
(i)
a
determination
by
the
Administrative
Agent
or
(ii)
a
notification
by
the
affected
Required
Lenders
to
the
Administrative
Agent
(with
a
copy
to
the
Company)
that
the
affected
Required
Lenders
have
determined
that
syndicated
credit
facilities
denominated
in
the
applicable
Agreed
Currency
being
executed
at
such
time,
or
that
include
language
similar
to
that
contained
in
Section
2.14
are
being
executed
or
amended,
as
applicable,
to
incorporate
or
adopt
a
new
benchmark
interest
rate
to
replace the Relevant Rate, and
(2)
(i)
the
election
by
the
Administrative
Agent
or
(ii)
the
election
by
the
affected
Required Lenders to declare that an Early Opt-in Election for such Agreed Currency has occurred and the
provision,
as
applicable,
by
the
Administrative
Agent
of
written
notice
of
such
election
to
the
Company
and
the
Lenders
or
by
the
affected
Required
Lenders
of
written
notice
of
such
election
to
the
Administrative Agent.
 “ECP
 ”meansan“eligiblecontractparticipant”asdefinedinSection1(a)(18)oftheCommodityExchangeActoranyregulationspromulgatedthereunderandtheapplicablerulesissuedbytheCommodityFuturesTradingCommissionand/ortheSEC(collectively,andasnoworhereafterineffect, the “ECP Rules
 ”).“ECP Rules
 ” has the meaning assigned to such term in the definition of “ECP.”“EEA
Financial
Institution
 ”means(a) anycreditinstitutionorinvestmentfirmestablishedinanyEEAMemberCountrywhichissubjecttothesupervisionofanEEAResolutionAuthority,(b) anyentityestablishedinanEEAMemberCountrywhichisaparentofaninstitutiondescribedinclause (a)ofthisdefinition,or(c) anyfinancialinstitutionestablishedinanEEAMemberCountrywhichisasubsidiaryofaninstitutiondescribedinclauses (a)or(b)ofthisdefinitionandissubject to consolidated supervision with its parent.“EEA
Member
Country
 ”meansanyofthememberstatesoftheEuropeanUnion,Iceland, Liechtenstein, and Norway.17






	
	“EEA
Resolution
Authority
 ”meansanypublicadministrativeauthorityoranyPersonentrustedwithpublicadministrativeauthorityofanyEEAMemberCountry(includinganydelegee)having responsibility for the resolution of any EEA Financial Institution.“Effective
Date
 ”asusedhereinorinanyLoanDocuments,meansApril4,2017,inreference to the effective date of the Existing Credit Agreement.“Electronic
Signature
 ”meansanelectronicsound,symbol,orprocessattachedto,orassociated with, a contract or other record and adopted by a Person with the intent to sign, authenticate oraccept such contract or record.“Electronic
System
 ”meansanyelectronicsystem,includinge-mail,e-fax,Intralinks®,ClearPar®,DebtDomain,SyndtrakandanyotherInternetorextranet-basedsite,whethersuchelectronicsystemisowned,operatedorhostedbytheAdministrativeAgentandtheIssuingBankandanyofitsrespectiveRelatedPartiesoranyotherPerson,providingforaccesstodataprotectedbypasscodesorother security system.“Eligible
Foreign
Subsidiary
 ”meansanyForeignSubsidiarythatisapprovedfromtimeto time by the Administrative Agent and each of the Lenders.“Environmental
Laws
 ”meansalllaws,rules,regulations,codes,ordinances,orders,decrees,judgments,injunctions,noticesorbindingagreementsissued,promulgatedorenteredintobyanyGovernmentalAuthority,relatinginanywaytotheenvironment,preservationorreclamationofnaturalresources,themanagement,releaseorthreatenedreleaseofanyHazardousMaterialortohealthand safety matters.“Environmental
Liability
 ”meansanyliability,contingentorotherwise(includinganyliabilityfordamages,costsofenvironmentalremediation,fines,penaltiesorindemnities),oftheCompanyoranySubsidiarydirectlyorindirectlyresultingfromorbasedupon(a)violationofanyEnvironmentalLaw,(b)thegeneration,use,handling,transportation,storage,treatmentordisposalofanyHazardousMaterials,(c)exposuretoanyHazardousMaterials,(d)thereleaseorthreatenedreleaseofanyHazardousMaterialsintotheenvironmentor(e)anycontract,agreementorotherconsensualarrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.“Equity
Interests
 ”meanssharesofcapitalstock,partnershipinterests,membershipinterestsinalimitedliabilitycompany,beneficialinterestsinatrustorotherequityownershipinterestsinaPerson,andanywarrants,optionsorotherrightsentitlingtheholderthereoftopurchaseoracquireany such equity interest.“Equivalent
Amount
 ”means,foranyamountofanyForeignCurrency,atthetimeofdeterminationthereof,(a)ifsuchamountisexpressedinsuchForeignCurrency,suchamountand(b)ifsuch amount is expressed in Dollars, the equivalent of such amount in such Foreign Currency determinedbyusingtherateofexchangeforthepurchaseofsuchForeignCurrencywithDollarslastprovided(eitherbypublicationorotherwiseprovidedtotheAdministrativeAgent)bytheapplicableReuterssourceontheBusinessDay(NewYorkCitytime)immediatelyprecedingthedateofdeterminationorifsuchserviceceasestobeavailableorceasestoprovidearateofexchangeforthepurchaseofsuchForeignCurrencywithDollars,asprovidedbysuchotherpubliclyavailableinformationservicewhichprovidesthatrateofexchangeatsuchtimeinplaceofReuterschosenbytheAdministrativeAgentinitssolediscretion(orifsuchserviceceasestobeavailableorceasestoprovidesuchrateofexchange,theequivalentofsuchamountinDollarsasdeterminedbytheAdministrativeAgentusinganymethodofdetermination it deems appropriate in its sole discretion).18






	
	“ERISA
 ”meanstheEmployeeRetirementIncomeSecurityActof1974,asamendedfrom time to time.“ERISA
Affiliate
 ”meansanytradeorbusiness(whetherornotincorporated)that,togetherwiththeCompany,istreatedasasingleemployerunderSection414(b)or(c)oftheCodeor,solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employerunder Section 414 of the Code.“ERISA
Event
 ”means(a) any“reportableevent”,asdefinedinSection 4043ofERISAortheregulationsissuedthereunderwithrespecttoaPlan(otherthananeventforwhichthe30-daynoticeperiodiswaived);(b) thefailuretosatisfythe“minimumfundingstandard”(asdefinedinSection 412oftheCodeorSection 302ofERISA),whetherornotwaived;(c) thefilingpursuanttoSection 412(c)oftheCodeorSection 302(c)ofERISAofanapplicationforawaiveroftheminimumfundingstandardwithrespecttoanyPlan;(d) theincurrencebytheCompanyoranyofitsERISAAffiliatesofanyliabilityunderTitle IVofERISAwithrespecttotheterminationofanyPlan;(e) thereceiptbytheCompanyoranyERISAAffiliatefromthePBGCoraplanadministratorofanynoticerelatingtoanintentiontoterminateanyPlanorPlansortoappointatrusteetoadministeranyPlan;(f) theincurrencebytheCompanyoranyofitsERISAAffiliatesofanyliabilitywithrespecttothewithdrawalorpartialwithdrawaloftheCompanyoranyofitsERISAAffiliatesfromanyPlanorMultiemployerPlan;or(g) thereceiptbytheCompanyoranyERISAAffiliateofanynotice,orthereceiptbyanyMultiemployerPlanfromtheCompanyoranyERISAAffiliateofanynotice,concerningtheimpositionupontheCompanyoranyofitsERISAAffiliatesofWithdrawalLiabilityoradeterminationthataMultiemployerPlanis,orisexpectedtobe,insolvent,withinthemeaningofTitle IV of ERISA.“
ESTR
 ”
means,
with
respect
to
any
Business
Day,
a
rate
per
annum
equal
to
the
Euro
Short
Term
Rate
for
such
Business
Day
published
by
the
ESTR
Administrator
on
the
ESTR
Administrator’s Website.
 “
ESTR
Administrator
 ”
means
the
European
Central
Bank
(or
any
successor
administrator of the Euro Short Term Rate).
 “
ESTR
Administrator’s
Website
 ”
means
the
European
Central
Bank’s
website,
currently
at
http://www.ecb.europa.eu,
or
any
successor
source
for
the
Euro
Short
Term
Rate
identified
as
such
by
the
ESTR Administrator
from time to time
..
 “EU Bail-In Legislation Schedule
 ” means the EU Bail-In Legislation Schedule publishedby the Loan Market Association (or any successor Person), as in effect from time to time.“EURIBOR
Interpolated
Rate
 ”means,atanytime,withrespecttoanyEurocurrency
Term
Benchmark
BorrowingdenominatedineuroandforanyInterestPeriod,therateper
annum(roundedtothesamenumberofdecimalplacesastheEURIBORScreenRate)determinedbytheAdministrativeAgent(whichdeterminationshallbeconclusiveandbindingabsentmanifesterror)tobeequaltotheratethatresultsfrominterpolatingonalinearbasisbetween:(a)theEURIBORScreenRateforthelongestperiod(forwhichtheEURIBORScreenRateisavailableforeuro)thatisshorterthantheImpactedEURIBORRateInterestPeriod;and(b)theEURIBORScreenRatefortheshortestperiod(forwhichtheEURIBORScreenRateisavailableforeuro)thatexceedstheImpactedEURIBORRateInterestPeriod,ineachcase,atsuchtime;provided
that,ifanyEURIBORInterpolatedRateshallbelessthan 0%, such rate shall be deemed to be 0% for the purposes of this Agreement.19






	
	“EURIBOR Rate
 ”  means, with respect to any Eurocurrency
TermBenchmark
Borrowing
denominated in euro and for any Interest Period, the EURIBOR Screen Rate at approximately 11:00 a.m.,Brusselstime,twoTARGETDayspriortothecommencementofsuchInterestPeriod;providedthat,iftheEURIBORScreenRateshallnotbeavailableatsuchtimeforsuchInterestPeriod(an“Impacted
EURIBOR
Rate
Interest
Period
 ”)withrespecttoeurothentheEURIBORRateshallbetheEURIBORInterpolated Rate.“EURIBOR
Screen
Rate
 ”meanstheeurointerbankofferedrateadministeredbytheEuropeanMoneyMarketsInstitute(oranyotherpersonwhichtakesovertheadministrationofthatrate)fortherelevantperioddisplayed(beforeanycorrection,recalculationorrepublicationbytheadministrator)]onpageEURIBOR01oftheThomsonReutersscreen(oranyreplacementThomsonReuters page which displays that rate) or on the appropriate page of such other information service whichpublishesthatratefromtimetotimeinplaceofThomsonReutersasof11:00a.m.BrusselstimetwoTARGETDayspriortothecommencementofsuchInterestPeriod.Ifsuchpageorserviceceasestobeavailable, the Administrative Agent may specify another page or service displaying the relevant rate afterconsultationwiththeCompany.If
the
EURIBOR
Screen
Rate
shall
be
less
than
0%,
the
EURIBOR
Screen Rate shall
be deemed to be
0% for
purposes of this Agreement.
 “euro
 ” and/or “EUR
 ” means the single currency of the Participating Member States.“
Eurocurrency
 ”,
when
used
in
reference
to
a
currency
means
euro
as
an
Agreed
Currency,
and
when
used
in
reference
to
any
Loan
or
Borrowing,
refers
to
whether
such
Loan,
or
the
Loans
comprising
such
Borrowing,
are
bearing
interest
at
a
rate
determined
by
reference
to
the
Adjusted
LIBO
Rate or the Adjusted EURIBOR Rate.
 “Eurocurrency
Payment
Office
 ”oftheAdministrativeAgentmeans,foreachForeignCurrency,theoffice,branch,affiliateorcorrespondentbankoftheAdministrativeAgentforsuchcurrency as specified from time to time by the Administrative Agent to the Company and each Lender.“Event of Default
 ” has the meaning assigned to such term in Section 7.01.“Excluded Swap Obligation
 ” means, with respect to any Loan Party, any Specified SwapObligationif,andtotheextentthat,alloraportionoftheGuaranteeofsuchLoanPartyof,orthegrantbysuchLoanPartyofasecurityinteresttosecure,suchSpecifiedSwapObligation(oranyGuaranteethereof)isorbecomesillegalundertheCommodityExchangeActoranyrule,regulationororderoftheCommodityFuturesTradingCommission(ortheapplicationorofficialinterpretationofanythereof)byvirtueofsuchLoanParty’sfailureforanyreasontoconstituteanECPatthetimetheGuaranteeofsuchLoanPartyorthegrantofsuchsecurityinterestbecomeseffectivewithrespecttosuchSpecifiedSwapObligation.IfaSpecifiedSwapObligationarisesunderamasteragreementgoverningmorethanoneswap,suchexclusionshallapplyonlytotheportionofsuchSpecifiedSwapObligationthatisattributable to swaps for which such Guarantee or security interest is or becomes illegal.“Excluded
Taxes
 ”meansanyofthefollowingTaxesimposedonorwithrespecttoaRecipientorrequiredtobewithheldordeductedfromapaymenttoaRecipient,(a)Taxesimposedonormeasured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case,(i)imposedasaresultofsuchRecipientbeingorganizedunderthelawsof,orhavingitsprincipalofficeor,inthecaseofanyLender,itsapplicablelendingofficelocatedin,thejurisdictionimposingsuchTax(oranypoliticalsubdivisionthereof)or(ii)thatareOtherConnectionTaxes,(b)inthecaseofaLender,U.S.FederalwithholdingTaxesimposedonamountspayabletoorfortheaccountofsuchLenderwithrespecttoanapplicableinterestinaLoan,LetterofCreditorCommitmentpursuanttoalawineffectonthedateonwhich(i)suchLenderacquiressuchinterestintheLoan,LetterofCreditorCommitment20






	
	(other than pursuant to an assignment request by any Borrower under Section 2.19(b))or (ii) such Lenderchangesitslendingoffice,exceptineachcasetotheextentthat,pursuanttoSection2.17,amountswithrespecttosuchTaxeswerepayableeithertosuchLender’sassignorimmediatelybeforesuchLenderacquiredtheapplicableinterestinaLoan,LetterofCreditorCommitmentortosuchLenderimmediatelybeforeitchangeditslendingoffice,(c)TaxesattributabletosuchRecipient’sfailuretocomply with Section 2.17(f) and (d) any withholding Taxes imposed under FATCA.“Existing
Credit
Agreement
 ”meansthatcertainCreditAgreement,datedasofApril4,2017,byandamongtheCompany,theforeignsubsidiaryborrowersfromtimetotimepartythereto,thelendersfromtimetotimepartytheretoandJPMorganChaseBank,N.A.asadministrativeagent,asamended, supplemented or otherwise modified prior to the date hereof.“Existing
Loan
Documents
 ”meansanyLoanDocumentsthatwereexecutedordeliveredpriortotheRestatementEffectiveDateinconnectionwiththeExistingCreditAgreement(ineach case, as amended, restated, supplemented or otherwise modified prior to the date hereof).“FATCA
 ”meansSections 1471through1474oftheCode,asofthedateofthisAgreement(oranyamendedorsuccessorversionthatissubstantivelycomparableandnotmateriallymoreoneroustocomplywith),anycurrentorfutureregulationsorofficialinterpretationsthereof,anyagreemententeredintopursuanttoSection1471(b)(1)oftheCode,andanyfiscalorregulatorylegislation,rulesorpracticesadoptedpursuanttoanyintergovernmentalagreement,treatyorconventionamong Governmental Authorities and implementing such Sections of the Code.“Federal
Funds
Effective
Rate
 ”means,foranyday,theratecalculatedbytheNYFRBbasedonsuchday’sfederalfundstransactionsbydepositoryinstitutions,asdeterminedinsuchmannerasshallbesetforthontheNYFRB’sWebsitefromtimetotime,andpublishedonthenextsucceedingBusinessDaybytheNYFRBastheeffectivefederalfundsrate.Fortheavoidanceofdoubt,iftheFederalFundsEffectiveRateshallbelessthanzero,suchrateshallbedeemedtobezeroforpurposesofthis Agreement.“Financial
Assistance
Problem
 ”means,withrespecttoanyForeignSubsidiary,theinability of such Foreign Subsidiary to become a Subsidiary Guarantor or to permit its Equity Interests orother assets from being pledged pursuant to the Security Agreement or a Pledge Agreement on account oflegalorfinanciallimitationsimposedbythejurisdictionoforganizationofsuchForeignSubsidiaryorotherrelevantjurisdictionshavingauthorityoversuchForeignSubsidiary,ineachcaseasdeterminedbytheCompanyinitscommerciallyreasonablejudgmentactingingoodfaithandinconsultationwithitslegal and tax advisors.“Financial
Officer
 ”meansthechieffinancialofficer,principalaccountingofficer,treasurer or controller of the Company.“Financials
 ”meanstheannualorquarterlyfinancialstatements,andaccompanyingcertificatesandotherdocuments,oftheCompanyanditsSubsidiariesrequiredtobedeliveredpursuantto Section 5.01(a) or 5.01(b).“First-Tier
Foreign
Subsidiary
 ”meanseachForeignSubsidiarywithrespecttowhichany one or more of the Company and its Domestic Subsidiaries directly owns or Controls more than 50%of such Foreign Subsidiary’s Equity Interests.“Floor
 ”meansthebenchmarkratefloor,ifany,providedinthisAgreementinitially(asoftheexecutionofthisAgreement,themodification,amendmentorrenewalofthisAgreementor21






	
	otherwise)withrespecttoLIBO
the
Adjusted
Term
SOFR
Rateor
,
the
Adjusted
EURIBORRate,
each
Adjusted
Daily
Simple
RFR
or
the
Central
Bank
Rate,asapplicable.For
the
avoidance
of
doubt,
the
initial
Floor
for
each
of
the
Adjusted
Term
SOFR
Rate,
the
Adjusted
EURIBOR
Rate,
each
Adjusted
Daily Simple RFR or the Central Bank Rate shall be 0%.
 “Foreign Currencies
 ” means Agreed Currencies other than Dollars.“Foreign
Lender
 ”means(a) iftheapplicableBorrowerisaU.S. Person,aLender,withrespecttosuchBorrower,thatisnotaU.S. Person,and(b) iftheapplicableBorrowerisnotaU.S. Person,aLender,withrespecttosuchBorrower,thatisresidentororganizedunderthelawsofajurisdiction other than that in which such Borrower is resident for tax purposes.“Foreign Subsidiary
 ” means any Subsidiary that is not a Domestic Subsidiary.“Foreign
Subsidiary
Borrower
 ”meansanyEligibleForeignSubsidiarythathasbeendesignatedasaForeignSubsidiaryBorrowerpursuanttoSection2.23andthathasnotceasedtobeaForeign Subsidiary Borrower pursuant to such Section.“GAAP
 ”meansgenerallyacceptedaccountingprinciplesintheUnitedStatesofAmerica.“Governmental
Authority
 ”meansthegovernmentoftheUnitedStatesofAmerica,anyothernationoranypoliticalsubdivisionthereof,whetherstateorlocal,andanyagency,authority,instrumentality,regulatorybody,court,centralbankorotherentityexercisingexecutive,legislative,judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.“Guarantee
 ”oforbyanyPerson(the“guarantor
 ”)meansanyobligation,contingentorotherwise,oftheguarantorguaranteeingorhavingtheeconomiceffectofguaranteeinganyIndebtednessorotherobligationofanyotherPerson(the“primary
obligor
 ”)inanymanner,whetherdirectlyorindirectly,andincludinganyobligationoftheguarantor,directorindirect,(a)topurchaseorpay(oradvanceorsupplyfundsforthepurchaseorpaymentof)suchIndebtednessorotherobligationortopurchase(ortoadvanceorsupplyfundsforthepurchaseof)anysecurityforthepaymentthereof,(b)topurchaseorleaseproperty,securitiesorservicesforthepurposeofassuringtheownerofsuchIndebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital oranyotherfinancialstatementconditionorliquidityoftheprimaryobligorsoastoenabletheprimaryobligortopaysuchIndebtednessorotherobligationor(d)asanaccountpartyinrespectofanyletterofcreditorletterofguarantyissuedtosupportsuchIndebtednessorobligation;provided
,thatthetermGuarantee shall not include endorsements for collection or deposit in the ordinary course of business.“Guaranteed Obligations
 ” has the meaning assigned to such term in Article X.“Hazardous
Materials
 ”meansallexplosiveorradioactivesubstancesorwastesandallhazardousortoxicsubstances,wastesorotherpollutants,includingpetroleumorpetroleumdistillates,asbestosorasbestoscontainingmaterials,polychlorinatedbiphenyls,radongas,infectiousormedicalwastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.“Hostile
Acquisition
 ”means(a)theacquisitionoftheEquityInterestsofaPersonthroughatenderofferorsimilarsolicitationoftheownersofsuchEquityInterestswhichhasnotbeenapproved (prior to such acquisition) by the board of directors (or any other applicable governing body) of22






	
	suchPersonorbysimilaractionifsuchPersonisnotacorporationand(b)anysuchacquisitionastowhich such approval has been withdrawn.“Impacted
EURIBOR
Rate
Interest
Period
 ”hasthemeaningassignedtosuchterminthedefinition of “EURIBOR Rate.”“
Impacted
LIBO
Rate
Interest
Period
 ”
has
the
meaning
assigned
to
such
term
in
the
definition of
 “LIBO Rate.”
 “Increasing Lender
 ” has the meaning assigned to such term in Section 2.20.“Incremental
Term
Loan
Amendment
 ”hasthemeaningassignedtosuchterminSection2.20.“Indebtedness
 ”ofanyPersonmeans,withoutduplication,(a)allobligationsofsuchPersonforborrowedmoneyorwithrespecttodepositsoradvancesofanykind,(b)allobligationsofsuchPersonevidencedbybonds,debentures,notesorsimilarinstruments,(c)allobligationsofsuchPersonuponwhichinterestchargesarecustomarilypaid,(d)allobligationsofsuchPersonunderconditionalsaleorothertitleretentionagreementsrelatingtopropertyacquiredbysuchPersonbutexcludingoperatingleases,(e)allobligationsofsuchPersoninrespectofthedeferredpurchasepriceofpropertyorservices(excludingcurrentaccountspayableincurredintheordinarycourseofbusinessandaccruedsalaries,vacationandemployeebenefits,includingdeferredcompensation),(f)allIndebtednessofotherssecuredby(orforwhichtheholderofsuchIndebtednesshasanexistingright,contingentorotherwise,tobesecuredby)anyLienonpropertyownedoracquiredbysuchPerson,whetherornottheIndebtednesssecuredtherebyhasbeenassumed,providedthattheamountofsuchIndebtednesswhichhasnotbeenassumedbysuchPersonshallbethelesserof(i)theamountofsuchIndebtednessand(ii)thefairmarketvalueofsuchpropertyatthedateofdeterminationoftheamountofsuchIndebtedness,(g)allGuaranteesbysuchPersonofIndebtednessofothers,(h)allCapitalLeaseObligationsofsuchPerson,(i)allobligations,contingentorotherwise,ofsuchPersonasanaccountpartyinrespectoflettersofcreditandlettersofguaranty,lesstheamountofanycashcollateralprovidedwithrespecttolettersofcreditpursuanttoSection2.24(c),(j)allobligations,contingentorotherwise,ofsuchPersoninrespectofbankers’acceptances,(k)allobligationsofsuchPersonunderanySwapAgreementorunderanysimilartypeofagreement(calculatedaftergivingeffecttoanynettingagreements)thatsuchPersonwouldberequiredtopayifsuchSwapAgreementorotheragreementwereterminated,(l)allAttributableReceivablesIndebtednessofsuchPersonand(m)allobligationsofsuchPersonunderSaleand Leaseback Transactions.  The Indebtedness of any Person shall include the Indebtedness of any otherentity(includinganypartnershipinwhichsuchPersonisageneralpartner)totheextentsuchPersonisliablethereforasaresultofsuchPerson’sownershipinterestinorotherrelationshipwithsuchentity,except to the extent the terms of such Indebtedness provide that such Person is not liable therefor.“Indemnified
Taxes
 ”means(a) Taxes,otherthanExcludedTaxes,imposedonorwithrespecttoanypaymentmadebyoronaccountofanyobligationofanyLoanPartyunderanyLoanDocument and (b) to the extent not otherwise described in clause (a) hereof, Other Taxes.“Ineligible Institution
 ” has the meaning assigned to such term in Section 9.04(b).“Information
Memorandum
 ”meanstheConfidentialInformationMemorandumdatedMarch 2021 relating to the Company and the Transactions.23






	
	“Interest
Election
Request
 ”meansarequestbytheapplicableBorrowertoconvertorcontinue a Borrowing in accordance with Section 2.08 in the form attached hereto as Exhibit K-2.“Interest
Payment
Date
 ”means(a)withrespecttoanyABRLoan(otherthanaSwinglineLoan),thelastdayofeachMarch,June,SeptemberandDecemberandtheMaturityDate,(b)withrespecttoanyEurocurrency
Term
Benchmark
Loan,thelastdayofthe
each
InterestPeriod
applicabletotheBorrowingofwhichsuchLoanisapartand,inthecaseofaEurocurrency
Term
Benchmark
BorrowingwithanInterestPeriodofmorethanthreemonths’duration,eachdaypriortothe
lastdayofsuchInterestPeriodthatoccursatintervalsofthreemonths’durationafterthefirstdayofsuch Interest Period and the Maturity Dateand
,
(c) with respect to any RFR Loan, (1) each date that is on
the
numerically
corresponding
day
in
each
calendar
month
that
is
one
month
after
the
Borrowing
of
such
Loan
(or,
if
there
is
no
such
numerically
corresponding
day
in
such
month,
then
the
last
day
of
such
month)
and
(2)
the
Maturity
Date,
and
(d
)withrespecttoanySwinglineLoan,thedaythatsuchLoanis
required to be repaid and the Maturity Date.“Interest
Period
 ”meanswithrespecttoanyEurocurrency
Term
Benchmark
Borrowing,
theperiodcommencingonthedateofsuchBorrowingandendingonthenumericallycorrespondingdayinthecalendarmonththatisone,threeorsixmonthsthereafter(in
each
case,
subject
to
the
availability
for
the
Benchmark
applicable
to
the
relevant
Loan
or
Commitment
for
any
Agreed
Currency)
,asthe
applicableBorrower(ortheCompanyonbehalfoftheapplicableBorrower)mayelect;provided
,that(i) ifanyInterestPeriodwouldendonadayotherthanaBusinessDay,suchInterestPeriodshallbeextendedtothenextsucceedingBusinessDayunlesssuchnextsucceedingBusinessDaywouldfallinthe next calendar month, in which case such Interest Period shall end on the next preceding Business Day
and
,
(ii) any Interest Period pertaining
to a
Eurocurrency Borrowing
that commences on the last Business
Dayofacalendarmonth(oronadayforwhichthereisnonumericallycorrespondingdayinthelastcalendarmonthofsuchInterestPeriod)shallendonthelastBusinessDayofthelastcalendarmonthofsuchInterestPeriodand
(iii)
no
tenor
that
has
been
removed
from
this
definition
pursuant
to
Section
2.14(e)
shall
be
available
for
specification
in
such
Borrowing
Request
or
Interest
Election
Request
..For
purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made andthereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.“IRS
 ” means the United States Internal Revenue Service.“
ISDA
Definitions
 ”
means
the
2006
ISDA
Definitions
published
by
the
International
Swaps and Derivatives Association, Inc.
or any successor thereto
, as amended or supplemented
from time
to
time,
or
any
successor
definitional
booklet
for
interest
rate
derivatives
published
from
time
to
time
by
the International Swaps and Derivatives Association, Inc. or such successor thereto.
 “Issuing
Bank
 ”means,individuallyandcollectivelyasthecontextmayrequire,(i)JPMorganChaseBank,N.A.,initscapacityasanissuerofLettersofCredithereunder,(ii)HSBCBANKUSA,NationalAssociation,initscapacityasanissuerofLettersofCredithereunder,(iii)U.S.BankNationalAssociation,initscapacityasanissuerofLettersofCredithereunderand(iv)eachotherLenderthatagreestoactasanIssuingBankhereunderandthatisapprovedbytheCompanyandtheAdministrativeAgent,ineachcasetogetherwithitssuccessorsinsuchcapacityasprovidedinSection 2.06(i).EachIssuingBankmay,initsdiscretion,arrangeforoneormoreLettersofCredittobeissuedbyAffiliatesofsuchIssuingBank,inwhichcasetheterm“IssuingBank”shallincludeanysuchAffiliatewithrespecttoLettersofCreditissuedbysuchAffiliate.Eachreferencehereintothe“IssuingBank”inconnectionwithaLetterofCreditorothermattershallbedeemedtobeareferencetotherelevant Issuing Bank with respect thereto.24






	
	“Issuing Bank Sublimits
 ” means, as of theRestatementEffective Date, (i) $8,333,334, inthecaseofJPMorganChaseBank,N.A.,(ii)$8,333,333inthecaseofHSBCBankUSA,NationalAssociation,(iii)$8,333,333inthecaseofU.S.BankNationalAssociationand(iv)inthecaseofanyotherIssuingBank,suchamountasshallbedesignatedtotheAdministrativeAgentandtheCompanyinwritingbysuchIssuingBank.AftertheRestatementEffectiveDate,anyIssuingBankshallbepermittedatanytimeto(x)increaseitsIssuingBankSublimitor(y)decreaseitsIssuingBankSublimittoanamountnotlessthansuchIssuingBank’sinitialIssuingBankSublimit,ineachcase,withtheconsentoftheCompanyanduponprovidingfive(5) days’priorwrittennotice(orsuchshorterperiodastheAdministrativeAgentshallagree)thereoftotheAdministrativeAgent.AftertheRestatementEffectiveDate,anyIssuingBankshallbepermittedtodecreaseitsIssuingBankSublimittoanamountlessthansuchIssuingBank’sinitialIssuingBankSublimitwiththeconsentoftheCompany,theAdministrativeAgent and each of the other Issuing Banks.“LC Collateral Account
 ” has the meaning assigned to such term in Section 2.06(j).“LC
Disbursement
 ”meansapaymentmadebytheIssuingBankpursuanttoaLetterofCredit.“LC Exposure
 ” means, at any time, the sum of (a) the aggregate undrawn Dollar AmountofalloutstandingLettersofCreditatsuchtimeplus(b)theaggregateDollarAmountofallLCDisbursementsthathavenotyetbeenreimbursedbyoronbehalfoftheCompanyatsuchtime.TheLCExposureofanyRevolvingLenderatanytimeshallbeitsApplicablePercentageofthetotalLCExposure at such time.“Lead
Arranger
 ”meanseachofJPMorganChaseBank,N.A.,HSBCBankUSA,National Association and U.S. Bank National Association (together with its Affiliates) in its capacity as ajoint lead arranger and joint bookrunner for the credit facilities evidenced by this Agreement.“Lender
Parent
 ”means,withrespecttoanyLender,anyPersonastowhichsuchLenderis, directly or indirectly, a subsidiary.“Lenders
 ”meansthePersonslistedonSchedule 2.01andanyotherPersonthatshallhavebecomeaLenderhereunderpursuanttoSection 2.20orpursuanttoanAssignmentandAssumptionorotherdocumentationcontemplatedhereby,otherthananysuchPersonthatceasestobeapartyheretopursuanttoanAssignmentandAssumptionorotherdocumentationcontemplatedhereby.Unlessthecontextotherwiserequires,theterm“Lenders”includestheSwinglineLenderandtheIssuingBank.Fortheavoidanceofdoubt,fromandaftertheeffectivenessofthisAgreement,theterm“Lenders”excludesany Departing Lenders.“Letter of Credit
 ” means any letter of credit issued pursuant to this Agreement.“Liabilities
 ”meansanylosses,claims(includingintrapartyclaims),demands,damagesor liabilities of any kind.“
LIBO
Interpolated
Rate
 ”
means,
at
any
time,
with
respect
to
any
Eurocurrency
Borrowing
denominated
in
Dollars
and
for
any
Interest
Period,
the
rate
per
annum
(rounded
to
the
same
number
of
decimal
places
as
the
LIBO
Screen
Rate)
determined
by
the
Administrative
Agent
(which
determination
shall
be
conclusive
and
binding
absent
manifest
error)
to
be
equal
to
the
rate
that
results
from
interpolating
on
a
linear
basis
between:
(a)
the
LIBO
Screen
Rate
for
the
longest
period
(for
which
the
LIBO
Screen
Rate
is
available
for
the
applicable
Agreed
Currency)
that
is
shorter
than
the
Impacted
LIBO
Rate
Interest
Period;
and
(b)
the
LIBO
Screen
Rate
for
the
shortest
period
(for
which
the
LIBO
25






	
	Screen
Rate
is
available
for
the
applicable
Agreed
Currency)
that
exceeds
the
Impacted
LIBO
Rate
Interest
Period,
in
each
case,
at
such
time
;
provided
that
if
any
LIBO
Interpolated
Rate
shall
be
less
than
0%
, such rate shall be deemed to be
0%
for the purposes of this Agreement
..
 “
LIBO
Rate
 ”
means,
with
respect
to
any
Eurocurrency
Borrowing
denominated
in
Dollars and for any Interest Period, the
LIBO Screen
Rate at approximately
11:00 a.m., London
time, two
Business Days prior to the commencement of such Interest Period
;
provided
that if the LIBO Screen Rate
shall
not
be
available
at
such
time
for
such
Interest
Period
(an
 “
Impacted
LIBO
Rate
Interest
Period
 ”)
with respect to such Agreed Currency then the LIBO Rate shall be the LIBO Interpolated Rate.
 “
LIBO
Screen
Rate
 ”
means,
for
any
day
and
time,
with
respect
to
any
Eurocurrency
Borrowing
denominated
in
Dollars
and
for
any
Interest
Period,
the
London
interbank
offered
rate
as
administered
by
ICE
Benchmark
Administration
(or
any
other
Person
that
takes
over
the
administration
of
such
rate)
for
such
Agreed
Currency
for
a
period
equal
in
length
to
such
Interest
Period
as
displayed
on such day and time on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in
the
event
such
rate
does
not
appear
on
a
Reuters
page
or
screen,
on
any
successor
or
substitute
page
on
such
screen
that
displays
such
rate,
or
on
the
appropriate
page
of
such
other
information
service
that
publishes
such
rate
from
time
to
time
as
selected
by
the
Administrative
Agent
in
its
reasonable
discretion);
provided
that
if
the
LIBO
Screen
Rate
as
so
determined
would
be
less
than
0%,
such
rate
shall be deemed to be 0% for the purposes of this Agreement.
 “Lien
 ”means,withrespecttoanyasset,(a)anymortgage,deedoftrust,lien,pledge,hypothecation,encumbrance,chargeorsecurityinterestin,onorofsuchasset,(b)theinterestofavendororalessorunderanyconditionalsaleagreement,capitalleaseortitleretentionagreement(oranyfinancingleasehavingsubstantiallythesameeconomiceffectasanyoftheforegoing)relatingtosuchassetand(c)inthecaseofsecurities,anypurchaseoption,callorsimilarrightofathirdpartywithrespect to such securities.“Loan
Documents
 ”meansthisAgreement,eachBorrowingSubsidiaryAgreement,eachBorrowingSubsidiaryTermination,theSubsidiaryGuaranty,anypromissorynotesissuedpursuanttoSection 2.10(e),anyLetterofCreditapplications,theCollateralDocumentsandanyandallotheragreements,instruments,documentsandcertificatesidentifiedinSection 4.01executedanddeliveredto,orinfavorof,theAdministrativeAgentoranyLendersandincludingallotherpledges,powersofattorney,consents,assignments,contracts,notices,letterofcreditapplicationsandanyagreementsbetweentheCompanyandtheIssuingBankregardingtheIssuingBank’sIssuingBankSublimitortherespectiverightsandobligationsbetweentheCompanyandtheIssuingBankinconnectionwiththeissuanceofLettersofCredit,andallotherwrittenmatterwhetherheretofore,noworhereafterexecutedbyoronbehalfofanyLoanParty,oranyemployeeofanyLoanParty,anddeliveredtotheAdministrativeAgentoranyLenderinconnectionwiththisAgreementorthetransactionscontemplatedhereby.  Any reference in this Agreement or any other Loan Document to a Loan Document shall includeallappendices,exhibitsorschedulesthereto,andallamendments,restatements,supplementsorothermodificationsthereto,andshallrefertothisAgreementorsuchLoanDocumentasthesamemaybeineffect at any and all times such reference becomes operative.“Loan Parties
 ” means, collectively, the Borrowers and the Subsidiary Guarantors.“Loans
 ”meanstheloansmadebytheLenderstotheBorrowerspursuanttothisAgreement.“Local
Time
 ”means(i) NewYorkCitytimeinthecaseofaLoan,BorrowingorLCDisbursementdenominatedinDollarsand(ii) localtimeinthecaseofaLoan,BorrowingorLC26






	
	DisbursementdenominatedinaForeignCurrency(it
being
understood
that
such
local
time
shall
mean
London, England time unless otherwise notified by the Administrative Agent)
..
 “Long-Term
Debt
 ”meansanyIndebtednessthat,inaccordancewithGAAP,constitutes(or, when incurred, constituted) a long-term liability.“Material
Adverse
Effect
 ”meansamaterialadverseeffecton(a)thebusiness,assets,operationsorfinancialconditionoftheCompanyandtheSubsidiariestakenasawhole,(b)theabilityoftheBorrowersorotherLoanParties,takenasawhole,toperformanyoftheirobligationsunderthisAgreementoranyotherLoanDocument,(c)validityorenforceabilityofthisAgreementoranyotherLoanDocumentortherightsorremediesoftheAdministrativeAgentandtheLendersunderthisAgreementoranyotherLoanDocumentor(d)theCollateral,ortheAdministrativeAgent’sLiens(onbehalf of itself and the Secured Parties) on the Collateral or the priority of such Liens, in each case, takenas a whole.“Material
Indebtedness
 ”meansanyIndebtedness(otherthantheLoansandLettersofCredit),orobligationsinrespectofoneormoreSwapAgreements,ofanyoneormoreoftheCompanyanditsSubsidiariesinanaggregateprincipalamountexceeding$40,000,000.ForpurposesofdeterminingMaterialIndebtedness,the“principalamount”oftheobligationsoftheCompanyoranySubsidiaryinrespectofanySwapAgreementatanytimeshallbethemaximumaggregateamount(givingeffecttoanynettingagreements)thattheCompanyorsuchSubsidiarywouldberequiredtopayif such Swap Agreement were terminated at such time.“Material
Subsidiary
 ”meanseachSubsidiary(otherthananyReceivablesEntity)(i)which,asofthemostrecentfiscalquarteroftheCompany,fortheperiodoffourconsecutivefiscalquartersthenended,forwhichfinancialstatementshavebeendeliveredpursuanttoSection5.01(a)or(b),aftertheeliminationofintercompanyrevenuesandreceiptsandexcludingamountsattributabletoReceivablesEntities,contributedgreaterthantenpercent(10%)oftheCompany’sConsolidatedEBITDAforsuchperiod,(ii)which,aftertheeliminationofintercompanyassetsandexcludingamountsattributabletoReceivablesEntities,contributedgreaterthantenpercent(10%)oftheCompany’sConsolidatedTotalAssetsasofsuchdate,(iii)whichowns,directlyorindirectly,anyEquityInterestsinanySubsidiarythatisaMaterialSubsidiaryor(iv)whichholdsintercompanyreceivablesandintercompany indebtedness owing from, or other Investments in, the Company or other Subsidiaries in anaggregateprincipalamountinexcessof$40,000,000;provided
that,ifatanytime(x)theaggregateamountoftheCompany’sConsolidatedEBITDA,aftertheeliminationofintercompanyrevenuesandreceiptsandexcludingamountsattributabletoReceivablesEntities,orCompany’sConsolidatedTotalAssets,aftertheeliminationofintercompanyassetsattributabletoSubsidiaries(otherthanAffectedForeignSubsidiaries)thatarenotSubsidiaryGuarantorsandexcludingamountsattributabletoReceivablesEntitiesexceedstenpercent(10%)oftheCompany’sConsolidatedEBITDAforanysuchperiod or ten percent (10%) of the Company’s Consolidated Total Assets (in each case after giving effecttosuchexclusions)asoftheendofanysuchfiscalquarter,or(y)theaggregateamountofintercompanyreceivablesandintercompanyindebtednessowingfrom,orotherInvestmentsin,theCompanyorotherSubsidiariesheldbySubsidiaries(otherthanAffectedForeignSubsidiariesandReceivablesEntities)thatarenotSubsidiaryGuarantorsexceeds$40,000,000,theCompany(or,intheeventtheCompanyhasfailedtodosowithintendaysafterfinancialstatementswithrespecttosuchfiscalquarterhavebeendeliveredpursuanttoSection5.01(a)or(b),theAdministrativeAgent)shalldesignatesufficientSubsidiaries(otherthanAffectedForeignSubsidiariesandReceivablesEntities)as“MaterialSubsidiaries”toeliminatesuchexcess,andsuchdesignatedSubsidiariesshallforallpurposesofthisAgreement constitute Material Subsidiaries.27






	
	“Maturity Date
 ” means April 3, 2026.“Moody’s
 ” means Moody’s Investors Service, Inc.“Multiemployer
Plan
 ”meansamultiemployerplanasdefinedinSection4001(a)(3)ofERISA.“Net Leverage Ratio
 ” means, on any date, the ratio of (a) Consolidated Net Indebtednessonsuchdateto(b)ConsolidatedEBITDAfortheperiodoffourconsecutivefiscalquartersendedonormost recently prior to such date.“Net
Proceeds
 ”means,withrespecttoanyevent,(a) thecashproceedsreceivedinrespectofsucheventincluding(i) anycashreceivedinrespectofanynon-cashproceeds(includinganycashpaymentsreceivedbywayofdeferredpaymentofprincipalpursuanttoanoteorinstallmentreceivableorpurchasepriceadjustmentreceivableorotherwise,butexcludinganyinterestpayments),butonlyasandwhenreceived,(ii) inthecaseofacasualty,insuranceproceedsand(iii) inthecaseofacondemnationorsimilarevent,condemnationawardsandsimilarpayments,netof(b) thesumof(i) allreasonable fees and out-of-pocket expenses paid to third parties (other than Affiliates) in connection withsuchevent,(ii) inthecaseofasale,transferorotherdispositionofanasset(includingpursuanttoaSaleandLeasebacktransactionoracasualtyoracondemnationorsimilarproceeding),theamountofallpaymentsrequiredtobemadeasaresultofsucheventtorepayIndebtedness(otherthanLoans)securedby such asset or otherwise subject to mandatory prepayment as a result of such event and (iii) the amountofalltaxespaid(orreasonablyestimatedtobepayable)andtheamountofanyreservesestablishedtofundcontingentliabilitiesreasonablyestimatedtobepayable,ineachcaseduringtheyearthatsucheventoccurredorthenextsucceedingyearandthataredirectlyattributabletosuchevent(asdeterminedreasonably and in good faith by a Financial Officer).“NYFRB
 ” means the Federal Reserve Bank of New York.“NYFRB’s
Website
 ”meansthewebsiteoftheNYFRBathttp://www.newyorkfed.org,or any successor source.“NYFRB Rate
 ” means, for any day, the greater of (a) the Federal Funds Effective Rate ineffectonsuchdayand(b) theOvernightBankFundingRateineffectonsuchday(orforanydaythatisnotaBusinessDay,fortheimmediatelyprecedingBusinessDay);provided
thatifnoneofsuchratesarepublishedforanydaythatisaBusinessDay,theterm“NYFRB
Rate
 ”meanstherateforafederalfundstransactionquotedat11:00 a.m.onsuchdayreceivedbytheAdministrativeAgentfromaFederalfundsbrokerofrecognizedstandingselectedbyit;provided,
further
,thatifanyoftheaforesaidratesshallbeless than zero, such rate shall be deemed to be zero for purposes of this Agreement.“Obligations
 ”meansallunpaidprincipalofandaccruedandunpaidinterestontheLoans,allLCExposure,allaccruedandunpaidfeesandallexpenses,reimbursements,indemnitiesandotherobligationsandindebtedness(includinginterestandfeesaccruingduringthependencyofanybankruptcy,insolvency,receivershiporothersimilarproceeding,regardlessofwhetherallowedorallowableinsuchproceeding),obligationsandliabilitiesofanyoftheCompanyanditsSubsidiariestoanyoftheLenders,theAdministrativeAgent,theIssuingBankoranyindemnifiedparty,individuallyorcollectively,existingontheEffectiveDateorarisingthereafter,directorindirect,jointorseveral,absoluteorcontingent,maturedorunmatured,liquidatedorunliquidated,securedorunsecured,arisingbycontract,operationoflaworotherwise,arisingorincurredunderthisAgreementoranyoftheotherLoanDocumentsortotheLendersoranyoftheirAffiliatesunderanySwapAgreementoranyBanking28






	
	ServicesAgreementorinrespectofanyoftheLoansmadeorreimbursementorotherobligationsincurred or any of the Letters of Credit or other instruments at any time evidencing any thereof.“OFAC
 ”meanstheOfficeofForeignAssetsControloftheU.S.DepartmentoftheTreasury.“Other
Connection
Taxes
 ”means,withrespecttoanyRecipient,TaxesimposedasaresultofapresentorformerconnectionbetweensuchRecipientandthejurisdictionimposingsuchTax(otherthanconnectionsarisingfromsuchRecipienthavingexecuted,delivered,becomeapartyto,performed its obligations under, received payments under, received or perfected a security interest under,engagedinanyothertransactionpursuanttoorenforcedanyLoanDocument,orsoldorassignedaninterest in any Loan, Letter of Credit or Loan Document).“Other
Taxes
 ”meansallpresentorfuturestamp,courtordocumentary,intangible,recording,filingorsimilarTaxesthatarisefromanypaymentmadeunder,fromtheexecution,delivery,performance, enforcement or registration of, from the receipt or perfection of a security interest under, orotherwisewithrespectto,anyLoanDocument,exceptanysuchTaxesthatareOtherConnectionTaxesimposed with respect to an assignment (other than an assignment made pursuant to Section 2.19).“Overnight
Bank
Funding
Rate
 ”means,foranyday,theratecomprisedofbothovernightfederalfundsandovernightEurodollarborrowings
transactions
denominated
in
Dollars
by
U.S.–managedbankingofficesofdepositoryinstitutions,assuchcompositerateshallbedeterminedbytheNYFRBassetforthontheNYFRB’sWebsitefromtimetotime,andpublishedonthenextsucceeding Business Day by the NYFRB as an overnight bank funding rate.“Overnight
Foreign
Currency
Rate
 ”means,foranyamount
payable
day,
(a
)
with
respect
to
any amount
denominated in Dollars,
the NYFRB Rate and (b
) with respect to
any amount denominated
inaForeignCurrency,the
an
overnight
rateof
interest
per
annum
as
determinedbytheAdministrative
Agentat
which
overnight
or
weekend
deposits
in
the
relevant
currency
(or
if
such
amount
due
remains
unpaid
for
more
than
three
(3)
Business
Days,
then
for
such
other
period
of
time
as
the
Administrative
Agent
may
elect)
for
delivery
in
immediately
available
and
freely
transferable
funds
would
be
offered
by
the
Administrative
Agent
to
major
banks
in
the
interbank
market
upon
request
of
such
major
banks
for
the
relevant
currency
as
determined
above
and
in
an
amount
comparable
to
the
unpaid
principal
amount
of
the
related
Credit
Event,
plus
any
taxes,
levies,
imposts,
duties,
deductions,
charges
or
withholdings
imposed
upon,
or
charged
to,
the
Administrative
Agent
by
any
relevant
correspondent
bank
in
respect
of
such
amount
in
such
relevant
currency.
or
the
Issuing
Banks,
as
the
case
may
be,
in
accordance
with
banking industry rules on interbank compensation
..
 “Participant
 ” has the meaning assigned to such term in Section 9.04(c).“Participant Register
 ” has the meaning assigned to such term in Section 9.04(c).“Participating
Member
State
 ”meansanymemberstateoftheEuropeanUnionthatadoptsorhasadoptedtheeuroasitslawfulcurrencyinaccordancewithlegislationoftheEuropeanUnion relating to economic and monetary union.“Patriot Act
 ” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into lawOctober 26, 2001)).“Payment
 ” has the meaning assigned to it in Section 8.06(c).29






	
	“Payment Notice
 ” has the meaning assigned to it in Section 8.06(c).“PBGC
 ”meansthePensionBenefitGuarantyCorporationreferredtoanddefinedinERISA and any successor entity performing similar functions.“Permitted
Acquisition
 ”meansanyacquisition(whetherbypurchase,merger,consolidationorotherwisebutexcludinginanyeventaHostileAcquisition)orseriesofrelatedacquisitionsbytheCompanyoranySubsidiaryof(i)allorsubstantiallyalltheassetsofaPersonordivisionorlineofbusinessofaPersonor(ii)allorsubstantiallyalltheEquityInterestsofaPersonentitledtovoteintheelectionoftheboardofdirectors(oranyotherapplicablegoverningbody)ofsuchPerson,ineachcaseif,atthetimeofandimmediatelyaftergivingeffectthereto,(a)noDefaulthasoccurredandiscontinuingorwouldariseaftergivingeffect(includinggivingeffectonaproformabasis)thereto,(b)suchPersonordivisionorlineofbusinessisengagedinthesameorasimilarlineofbusinessastheCompanyandtheSubsidiariesorbusinessreasonablyrelatedthereto(including,withoutlimitation,anyenvironmentalcleaningsolutionsbusinessoranyPersonordivisionorlineofbusinessthatownsordevelopsrelatedtechnology),(c)allactionsrequiredtobetakenwithrespecttosuchacquiredornewlyformedSubsidiaryunderSections5.09and5.10shallhavebeentaken,(d)theCompanyandtheSubsidiariesareincompliance,onaproformabasisreasonablyacceptabletotheAdministrative Agent after giving effect to such acquisition (but without giving effect to any synergies orcostsavings),withthecovenantscontainedinSection6.10(givingeffecttoanyAcquisitionHolidayineffectatsuchtime)recomputedasofthelastdayofthemostrecentlyendedfiscalquarteroftheCompanyforwhichfinancialstatementshavebeendeliveredpursuanttoSection5.01(a)or(b),asifsuchacquisition(andanyrelatedincurrenceorrepaymentofIndebtedness,withanynewIndebtednessbeingdeemedtobeamortizedovertheapplicabletestingperiodinaccordancewithitsterms)hadoccurredonthefirstdayofeachrelevantperiodfortestingsuchcomplianceand,iftheaggregateconsiderationpaidinrespectofsuchacquisitionexceeds$50,000,000,theCompanyshallhavedeliveredtotheAdministrativeAgentacertificateofaFinancialOfficeroftheCompanytosucheffect,togetherwithallrelevantfinancialinformation,statementsandprojectionsrequestedbytheAdministrativeAgent,(e)inthecaseofanacquisition,mergerorconsolidationinvolvingtheCompanyoraSubsidiary,theCompanyorsuchSubsidiaryisthesurvivingentityofsuchmergerand/orconsolidationand(f)aftergivingproformaeffecttosuchacquisition(butwithoutgivingeffecttoanysynergiesorcostsavings),themaximumNetLeverageRatioshall,ineachcase,beatleast0.25belowthemaximumNetLeverageRatiopermittedpursuanttoSection6.10(a)(givingeffecttoanyAcquisitionHolidayineffectatsuchtime),recomputedasofthelastdayofthemostrecentlyendedfiscalquarteroftheCompanyforwhichfinancial statements have been delivered pursuant to Section 5.01(a) or (b) as if such acquisition (and anyrelatedincurrenceorrepaymentofIndebtedness,withanynewIndebtednessbeingdeemedtobeamortized over the applicable testing period in accordance with its terms) had occurred on the first day ofeach relevant period for testing such compliance; provided
that, such acquisition may be made directly orindirectlythroughanyForeignSubsidiary,andtheamountofsuchinvestmentinanyForeignSubsidiarymadesubstantiallyconcurrentlywiththeconsummationofsuchacquisitionshallnotbeincludedinthecalculationofanylimitationoninvestmentsinSubsidiariesthatarenotSubsidiaryGuarantorsdescribedin Section 6.04(c).“Permitted Encumbrances
 ” means:(a)   LiensimposedbylawforTaxesthatarenotyetdueorarebeingcontestedincompliance with Section 5.04;30






	
	(b)   carriers’,warehousemen’s,mechanics’,materialmen’s,repairmen’sandotherlikeLiensimposedbylaw,arisingintheordinarycourseofbusinessandsecuringobligationsthatarenotoverdue by more than thirty (30) days or are being contested in compliance with Section 5.04;(c)   pledgesanddepositsmadeintheordinarycourseofbusinessincompliancewithworkers’ compensation, unemployment insurance and other social security laws or regulations;(d)   pledgesanddepositstosecuretheperformanceofbids,tradecontracts,leases,statutoryobligations,suretyandappealbonds,performancebondsandotherobligationsofalikenature,in each case in the ordinary course of business;(e)   judgmentLiensinrespectofjudgmentsthatdonotconstituteanEventofDefaultunder clause (k) ofSection 7.01;(f)   easements,zoningrestrictions,rights-of-wayandsimilarencumbrancesonrealpropertyimposedbylaworarisingintheordinarycourseofbusinessthatdonotsecureanymonetaryobligationsanddonotmateriallydetractfromthevalueoftheaffectedpropertyorinterferewiththeordinary conduct of business of the Company or any Subsidiary;(g)   leaseholdinterestsoflessorscreatedinconnectionwithanySaleandLeasebackTransactions permitted under Section 6.09;(h)   LiensoninsurancepoliciesandtheproceedsthereofsecuringIndebtednessrepresenting installment insurance premiums owing in the ordinary course of business;(i)   Liens in favor of customs and revenue authorities arising as a matter of law to securepaymentofcustomsdutiesinconnectionwiththeimportationofgoodsintheordinarycourseofbusiness;(j)   LiensinconnectionwiththesaleortransferofanyassetsinatransactionpermittedunderSection6.03andcustomaryrightsandrestrictionscontainedinagreementsrelatingtosuchsaleortransfer pending the completion thereof;(k)   Liens on securities that are subject to repurchase agreements permitted by clause (d)of the definition of Permitted Investments;(l)   licenses,sublicenses,leasesorsubleasesgrantedtootherPersonspermittedunderSection 6.03;(m)   anyinterestortitleofalessorunderanyoperatingleaseoroperatingsubleaseenteredintobytheCompanyoranySubsidiaryintheordinarycourseofitsbusinessandotherstatutoryand common law landlords’ liens under leases; and(n)   Liens in favor of a banking or other financial institution arising as a matter of law orin the ordinary course of business under customary general terms and conditions encumbering deposits orotherfundsmaintainedwithafinancialinstitution(includingtherightofset-off)andthatarewithinthegeneralparameterscustomaryinthebankingindustryorarisingpursuanttosuchbankinginstitution’sgeneral terms and conditions;provided
that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness.31






	
	“Permitted Investments
 ” means:(a)directobligationsof,orobligationstheprincipalofandinterestonwhichareunconditionallyguaranteedby,theUnitedStatesofAmerica(orbyanyagencythereoftotheextent such obligations are backed by the full faith and credit of the United States of America), ineach case maturing within one year from the date of acquisition thereof;(b)investmentsincommercialpapermaturingwithin270daysfromthedateofacquisitionthereofandhaving,atsuchdateofacquisition,thehighestcreditratingobtainablefrom S&P or from Moody’s;(c)investmentsincertificatesofdeposit,banker’sacceptancesandtimedepositsmaturingwithin180daysfromthedateofacquisitionthereofissuedorguaranteedbyorplacedwith,andmoneymarketdepositaccountsissuedorofferedby,anydomesticofficeofanycommercialbankorganizedunderthelawsoftheUnitedStatesofAmericaoranyStatethereofwhich has a combined capital and surplus and undivided profits of not less than $500,000,000;(d)cashanddemanddepositsmaintainedwith(i)anyLenderor(ii)withthedomesticofficeofanycommercialbankorganizedunderthelawsoftheUnitedStatesofAmericaoranyStatewhichhasacombinedcapitalandsurplusandundividedprofitsofnotlessthan$500,000,000;(e)fullycollateralizedrepurchaseagreementswithatermofnotmorethan30daysforsecuritiesdescribedinclause(a)aboveandenteredintowithafinancialinstitutionsatisfyingthecriteria described in clause (c) above;(f)moneymarketfundsthat(i)complywiththecriteriasetforthinSecuritiesandExchange Commission Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAAby S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000;(g)instrumentsequivalenttothosereferredtoinclauses(a)through(f)abovedenominatedinothercurrenciesandcomparableincreditqualityandtenortothosereferredtoaboveandcustomarilyusedforshortandmediumterminvestmentpurposesinjurisdictionsoutsidetheUnitedStatestotheextentreasonablyrequiredinconnectionwithanybusinessconducted by any Foreign Subsidiary in such jurisdictions; and(h)otherinvestmentspermittedbytheCompany’sinvestmentpolicyasadoptedbyitsBoardofDirectorsasineffectontheEffectiveDate,asamended,restated,supplementedorotherwisemodifiedfromtimetotime,solongassuchamendment,restatement,supplementormodificationhasbeenapprovedbytheAdministrativeAgent(suchapprovalnottobeunreasonably withheld or delayed).“Permitted
Receivables
Facility
 ”meansareceivablesfacilityorfacilitiescreatedunderthePermittedReceivablesFacilityDocuments,providingforthesale,transferand/orpledgebytheCompany and/or one or more other Receivables Sellers of Permitted Receivables Facility Assets (therebyprovidingfinancingtotheCompanyandtheReceivablesSellers)toaReceivablesEntity(eitherdirectlyorthroughanotherReceivablesSeller),whichinturnshallsell,transferand/orpledgeinterestsintherespectivePermittedReceivablesFacilityAssetstothird-partylendersorinvestorspursuanttothePermittedReceivablesFacilityDocuments(withtheReceivablesEntitypermittedtoissueorconveypurchaserinterests,investorcertificates,purchasedinterestcertificatesorothersimilardocumentationevidencinginterestsinthePermittedReceivablesFacilityAssets)inreturnforthecashusedbysuch32






	
	ReceivablesEntitytoacquirethePermittedReceivablesFacilityAssetsfromtheCompanyand/ortherespectiveReceivablesSellers,ineachcaseasmorefullysetforthinthePermittedReceivablesFacilityDocuments.“Permitted
Receivables
Facility
Assets
 ”meansReceivables(whethernowexistingorarisinginthefuture)oftheReceivablesSellerswhicharetransferred,soldand/orpledgedtoaReceivablesEntitypursuanttoaPermittedReceivablesFacilityandanyrelatedPermittedReceivablesRelatedAssetswhicharealsosotransferred,soldand/orpledgedtoaReceivablesEntityandallproceeds thereof.“Permitted
Receivables
Facility
Documents
 ”meanseachofthedocumentsandagreementsenteredintoinconnectionwithanyPermittedReceivablesFacility,includingalldocumentsandagreementsrelatingtotheissuance,fundingand/orpurchaseofcertificatesandpurchasedinterestsortheincurrenceofloans,asapplicable,ineachcase,whichareconsistentwithStandardSecuritizationUndertakings,and,ineachcase,assuchdocumentsandagreementsmaybeamended,modified,supplemented,refinancedorreplacedfromtimetotimesolongasanysuchamendments,modifications,supplements,refinancingsorreplacementsare(i)consistentwithStandardSecuritizationUndertakingsand(ii)notadverseinanymaterialrespecttotheinterestsoftheLendersunlessotherwiseconsentedtoby the Administrative Agent.“Permitted
Receivables
Related
Assets
 ”meansanyassetsthatarecustomarilysold,transferredand/orpledgedorinrespectofwhichsecurityinterestsarecustomarilygrantedinconnectionwithassetsecuritizationtransactionsinvolvingreceivablessimilartoReceivablesandanycollectionsorproceedsofanyoftheforegoing(including,withoutlimitation,lock-boxes,depositaccounts,recordsinrespect of Receivables and collections in respect of Receivables).“Permitted
Unsecured
Indebtedness
 ”meansIndebtedness(includingsubordinatedIndebtedness the payment of which is subordinated to the payment of the obligations of the Company andtheSubsidiaries,asapplicable,undertheLoanDocumentspursuanttodocumentation,andsubjecttotermsandconditions,acceptabletotheAdministrativeAgentinitsdiscretion)oftheCompanyoranySubsidiary;provided
that(a)bothimmediatelypriortoandaftergivingeffect(includingproformaeffect) thereto, no Default or Event of Default shall exist or would result therefrom, (b) the Company andtheSubsidiariesareincompliance,onaproformabasisreasonablyacceptabletotheAdministrativeAgentaftergivingeffecttotheincurrenceofsuchIndebtedness,withthecovenantscontainedinSection6.10(givingeffecttoanyAcquisitionHolidayineffectatsuchtime)recomputedasofthelastdayofthemostrecentlyendedfiscalquarteroftheCompanyforwhichfinancialstatementshavebeendeliveredpursuanttoSection5.01(a)or(b),asifsuchIndebtednesshadbeenincurredonthefirstdayofeachrelevantperiodfortestingsuchcomplianceand,iftheaggregateprincipalamountofsuchIndebtednessexceeds$50,000,000,theCompanyshallhavedeliveredtotheAdministrativeAgentacertificateofaFinancialOfficeroftheCompanytosucheffect,togetherwithallrelevantfinancialinformation,statementsandprojectionsrequestedbytheAdministrativeAgent,(c)suchIndebtednessisnot(i)GuaranteedbyanyPersonotherthanonanunsecuredbasisbySubsidiariesthatareSubsidiaryGuarantors(whichguarantees,ifsuchIndebtednessissubordinated,shallbeexpresslysubordinatedtotheSecuredObligationsontermsnotlessfavorabletotheLendersthanthesubordinationtermsofsuchsubordinatedIndebtedness),or(ii)securedbyanycollateral(includingtheCollateral),norisanyGuaranteethereofsecuredbyanycollateral(includingtheCollateral),(d)suchIndebtednessmaturesafter,anddoesnotrequireanyscheduledamortizationorotherscheduledpaymentsofprincipalpriorto,thedatethatis181daysaftertheMaturityDate(itbeingunderstoodthatanyprovisionrequiringamandatoryoffertopurchasesuchIndebtednessasaresultofchangeofcontrol,optional,callprovisionsthattheCompanymayexercise,fundamentalchange,customaryassetsaleoreventoflossshallnotviolatetheforegoingrestriction),(e)thatcontainscovenants,eventsofdefault,guaranteesandother33






	
	termsthatarecustomaryforsimilarIndebtednessinlightofthen-prevailingmarketconditions(itbeingunderstoodandagreedthatsuchIndebtednessshallnotincludeanyfinancialmaintenancecovenantsandthatapplicablenegativecovenantsshallbeincurrence-basedtotheextentcustomaryforsimilarIndebtedness)and,whentakenasawhole(otherthaninterestrates,ratefloors,feesandoptionalprepaymentorredemptionterms),arenotmorefavorable(asreasonablydeterminedbytheCompanyingoodfaith)inanymaterialrespecttothelendersorinvestorsprovidingsuchPermittedUnsecuredIndebtedness,asthecasemaybe,thanthosesetforthintheLoanDocumentsarewithrespecttotheLenders(otherthancovenantsorotherprovisionsapplicableonlytoperiodsaftertheMaturityDatethenineffect);provided
thatacertificateofaFinancialOfficeroftheCompanydeliveredtotheAdministrativeAgentatleastfive(5)BusinessDayspriortotheincurrenceofsuchIndebtednessorthemodification,refinancing,refunding,renewalorextensionthereof(orsuchshorterperiodoftimeasmayreasonably be agreed by the Administrative Agent), together with a reasonably detailed description of thematerialtermsandconditionsofsuchresultingIndebtednessordraftsofthematerialdefinitivedocumentationrelatingthereto,statingthattheCompanyhasdeterminedingoodfaiththatsuchtermsandconditionssatisfytheforegoingrequirementsshallbeconclusive,and(f)theproceedsofwhich,substantially concurrently with the incurrence thereof, are applied to the  repayment or prepayment of theLoans to the extent required and in accordance with the terms of Sections 2.11(c) and (d).“Person
 ”meansanynaturalperson,corporation,limitedliabilitycompany,trust,jointventure, association, company, partnership, Governmental Authority or other entity.“Plan
 ”meansanyemployeepensionbenefitplan(otherthanaMultiemployerPlan)subjecttotheprovisionsofTitleIVofERISAorSection412oftheCodeorSection302ofERISA,andinrespectofwhichtheCompanyoranyERISAAffiliateis(or,ifsuchplanwereterminated,wouldunder Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.“Plan
Asset
Regulations
 ”means29CFR§2510.3-101etseq.,asmodifiedbySection3(42) of ERISA, as amended from time to time.“Pledge
Agreements
 ”means,collectively,theDutchPledgeAgreementandanyotherpledgeagreements,sharemortgages,chargesandcomparableinstrumentsanddocumentsfromtimetotimeexecutedpursuanttothetermsofSection5.09infavoroftheAdministrativeAgentforthebenefitof the Secured Parties, in each case, as amended, restated, supplemented or otherwise modified from timeto time.“Pledge
Subsidiary
 ”means(i)eachDomesticSubsidiaryand(ii)eachFirst-TierForeignSubsidiary that is a Material Subsidiary.“Prepayment Event
 ” means:(a)anysale,transferorotherdisposition(includingpursuanttoasaleandleasebacktransaction)ofanypropertyorassetoftheCompanyoranySubsidiary,otherthandispositionsdescribedin Section 6.03(a)(2)(iii), (iv), (v), (vi), (vii) and (viii), resulting in Net Proceeds in an aggregate principalamount in excess of $1,000,000 during any fiscal year of the Company; or(b)anycasualtyorotherinsureddamageto,oranytakingunderpowerofeminentdomainorbycondemnationorsimilarproceedingof,anypropertyorassetoftheCompanyoranySubsidiarywithafairmarketvalueimmediatelypriortosucheventequaltoorgreaterthan$10,000,000resulting in Net Proceeds in an aggregate principal amount in excess of $1,000,000 during any fiscal yearof the Company; or34






	
	(c)theincurrencebytheCompanyoranySubsidiaryofanyIndebtednessotherthan(i)anyLoans,(ii)IndebtednesspermittedunderSection 6.01,(iii)permittedbytheRequiredLenderspursuanttoSection 9.02or(iv)Indebtednessnototherwiseincludedinthisclause(c)withsuchincurrencealongwithothersuchincurrencesresultinginNetProceedsinanaggregateprincipalamountin excess of $1,000,000 during any fiscal year of the Company.“Prime
Rate
 ”meanstherateofinterestlastquotedbyTheWallStreetJournalasthe“PrimeRate”intheU.S.or,ifTheWallStreetJournalceasestoquotesuchrate,thehighestperannuminterestratepublishedbytheBoardinFederalReserveStatisticalReleaseH.15(519)(SelectedInterestRates)asthe“bankprimeloan”rateor,ifsuchrateisnolongerquotedtherein,anysimilarratequotedtherein(asdeterminedbytheAdministrativeAgent)oranysimilarreleasebytheBoard(asdeterminedbytheAdministrativeAgent).EachchangeinthePrimeRateshallbeeffectivefromandincludingthedate such change is publicly announced or quoted as being effective.“Private
Placement
Notes
 ”meanstheseniorunsecured5.625%privateplacementnotesof the Company due in 2025.“Proceeding
 ”meansanyclaim,litigation,investigation,action,suit,arbitrationoradministrative, judicial or regulatory action or proceeding in any jurisdiction.“PTE
 ”meansaprohibitedtransactionclassexemptionissuedbytheU.S.DepartmentofLabor, as any such exemption may be amended from time to time.“QFC
 ”hasthemeaningassignedtotheterm“qualifiedfinancialcontract”in,andshallbe interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).“QFC Credit Support
 ” has the meaning assigned to it in Section 9.19.“Qualified
ECP
Guarantor
 ”means,inrespectofanySwapObligation,eachLoanPartythathastotalassetsexceeding$10,000,000atthetimetherelevantGuaranteeorgrantoftherelevantsecurityinterestbecomeseffectivewithrespecttosuchSwapObligationorsuchotherPersonthatconstitutesanECPandcancauseanotherpersontoqualifyasan“eligiblecontractparticipant”atsuchtime by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.“Receivables
 ”meansanyrighttopaymentcreatedbyorarisingfromsalesofgoods,leasesofgoodsortherenditionofservicesrenderednomatterhowevidencedwhetherornotearnedbyperformance (whether constituting accounts, general intangibles, chattel paper or otherwise).“Receivables
Entity
 ”meansawholly-ownedSubsidiaryoftheCompanywhichengagesinnoactivitiesotherthaninconnectionwiththefinancingofaccountsreceivableoftheReceivablesSellersandwhichisdesignated(asprovidedbelow)asa“ReceivablesEntity”(a)noportionoftheIndebtednessoranyotherobligations(contingentorotherwise)ofwhich(i)isguaranteedbytheCompanyoranyotherSubsidiaryoftheCompany(otherthanpursuanttoStandardSecuritizationUndertakings),(ii)isrecoursetoorobligatestheCompanyoranyotherSubsidiaryoftheCompanyinanyway(otherthanpursuanttoStandardSecuritizationUndertakings)or(iii)subjectsanypropertyorassetoftheCompanyoranyotherSubsidiaryoftheCompany,directlyorindirectly,contingentlyorotherwise,tothesatisfactionthereof,otherthanpursuanttoStandardSecuritizationUndertakings,(b)withwhichneithertheCompanynoranyofitsSubsidiarieshasanycontract,agreement,arrangementorunderstanding(otherthanpursuanttothePermittedReceivablesFacilityDocuments(includingwithrespecttofeespayableintheordinarycourseofbusinessinconnectionwiththeservicingofaccountsreceivableandrelatedassets))ontermslessfavorabletotheCompanyorsuchSubsidiarythanthosethat35






	
	mightbeobtainedatthetimefrompersonsthatarenotAffiliatesoftheCompany,and(c)towhichneither the Company nor any other Subsidiary of the Company has any obligation to maintain or preservesuchentity’sfinancialconditionorcausesuchentitytoachievecertainlevelsofoperatingresults(otherthan pursuant to Standard Securitization Undertakings).“Receivables
Sellers
 ”meanstheCompanyandthoseSubsidiariesthatarefromtimetotime party to the Permitted Receivables Facility Documents (other than any Receivables Entity).“Recipient
 ”means(a) theAdministrativeAgent,(b) anyLenderand(c) theIssuingBank, as applicable.“Reference Time
 ” with respect to any setting of the then-current Benchmark means (1) ifsuchBenchmarkisLIBO
the
Term
SOFR
Rate,11:00
a.m.
(London
5:00
a.m.
(Chicago
time)ontheday
thatistwoLondon
banking
days
U.S.
Government
Securities
Business
Days
precedingthedateofsuch
setting,(2)ifsuchBenchmarkisEURIBORRate,11:00a.m.BrusselstimetwoTARGETDaysprecedingthedateofsuchsetting,and
(3)
if,
following
a
Benchmark
Transition
Event
and
Benchmark
Replacement
Date
with
respect
to
the
Term
SOFR
Rate,
the
RFR
for
such
Benchmark
is
Daily
Simple
SOFR,
then
four
RFR
Business
Days
prior
to
such
setting
or
(4
)ifsuchBenchmarkisneither
none
of
the
LIBO
Term
SOFR
Rateor
,
theEURIBORRateor
Daily
Simple
SOFR
,thetimedeterminedbythe
Administrative Agent in its reasonable discretion.“Register
 ” has the meaning set forth in Section 9.04.“Related
Parties
 ”means,withrespecttoanyspecifiedPerson,suchPerson’sAffiliatesandtherespectivedirectors,officers,employees,agents,advisorsandrepresentativesofsuchPersonandsuch Person’s Affiliates.“Relevant
Governmental
Body
 ”means(i)withrespecttoaBenchmarkReplacementinrespectofLoansdenominatedinDollars,theBoardand/ortheNYFRB,oracommitteeofficiallyendorsedorconvenedbytheBoardand/ortheNYFRBor,ineachcase,anysuccessorthereto,(ii)withrespecttoaBenchmarkReplacementinrespectofLoansdenominatedineuro,theEuropeanCentralBank, or a committee officially endorsed or convened by the European Central Bank or, in each case, anysuccessorthereto,and(iii)withrespecttoaBenchmarkReplacementinrespectofLoansdenominatedinanyotherAgreedCurrency,(a)thecentralbankforthecurrencyinwhichsuchBenchmarkReplacementisdenominatedoranycentralbankorothersupervisorwhichisresponsibleforsupervisingeither(1)suchBenchmarkReplacementor(2)theadministratorofsuchBenchmarkReplacementor(b)anyworkinggrouporcommitteeofficiallyendorsedorconvenedby(1)thecentralbankforthecurrencyinwhichsuchBenchmarkReplacementisdenominated,(2)anycentralbankorothersupervisorthatisresponsibleforsupervisingeither(A)suchBenchmarkReplacementor(B)theadministratorofsuchBenchmarkReplacement,(3)agroupofthosecentralbanksorothersupervisorsor(4)theFinancialStability Board or any part thereof.“Relevant Rate
 ” means (i) with respect to any Eurocurrency
TermBenchmark
Borrowing
denominatedinDollars,theLIBO
Rate
,
or
Adjusted
Term
SOFR
Rate,
(ii)withrespecttoany
Eurocurrency
Term
Benchmark
Borrowingdenominatedineuro
Euros
,theAdjusted
EURIBORRate,
or
(iii)
with
respect
to
any
RFR
Borrowing
denominated
in
Dollars,
the
applicable
Adjusted
Daily
Simple
RFR
..
36






	
	“Relevant
Screen
Rate
 ”means(i)withrespecttoanyEurocurrency
Term
Benchmark
BorrowingdenominatedinDollars,theLIBO
Screen
Term
SOFR
Reference
Rate,or(ii)withrespectto
any Eurocurrency
TermBenchmark
Borrowing denominated in euro, the EURIBOR Screen Rate.
 “Report
 ”meansreportspreparedbyeitherAgentoranotherPersonshowingtheresultsof appraisals, field examinations or audits pertaining to the assets of the Company or any Subsidiary frominformationfurnishedbyoronbehalfoftheCompanyoranyofitsSubsidiaries,aftertheAdministrativeAgenthasexerciseditsrightsofinspectionpursuanttothisAgreement,whichReportsmaybedistributed to the Lenders by either Agent.“Required
Lenders
 ”means,subjecttoSection2.24,(a)atanytimepriortotheearlieroftheLoansbecomingdueandpayablepursuanttoSection7.01ortheCommitmentsterminatingorexpiring,LendershavingCreditExposuresandunusedCommitmentsrepresentingmorethan50%ofthesumoftheTotalCreditExposuresandunusedCommitmentsatsuchtime,and(b)forallpurposesaftertheLoansbecomedueandpayablepursuanttoSection7.01ortheCommitmentsexpireorterminate,LendershavingCreditExposuresrepresentingmorethan50%ofthesumoftheTotalCreditExposuresat such time; provided
that, in the case of clauses (a) and (b) above, (x) the Revolving Credit Exposure ofanyLenderthatisaSwinglineLendershallbedeemedtoexcludeanyamountofitsSwinglineExposureinexcessofitsApplicablePercentageofalloutstandingSwinglineLoans,adjustedtogiveeffecttoanyreallocationunderSection2.24oftheSwinglineExposuresofDefaultingLendersineffectatsuchtime,andtheUnfundedCommitmentofsuchLendershallbedeterminedonthebasisofitsRevolvingCreditExposureexcludingsuchexcessamountand(y)forthepurposeofdeterminingtheRequiredLendersneededforanywaiver,amendment,modificationorconsentoforunderthisAgreementoranyotherLoan Document, any Lender that is the
a
Borrower or an Affiliate of the
a
Borrower shall be disregarded.
 “Resolution
Authority
 ”meansanEEAResolutionAuthorityor,withrespecttoanyUKFinancial Institution, a UK Resolution Authority.“Restatement
Effective
Date
 ”meansthedateonwhichtheconditionsspecifiedinSection 4.01 are satisfied (or waived in accordance with Section 9.02).“Restricted
Payment
 ”meansanydividendorotherdistribution(whetherincash,securitiesorotherproperty)withrespecttoanyEquityInterestsintheCompanyoranySubsidiary,oranypayment(whetherincash,securitiesorotherproperty),includinganysinkingfundorsimilardeposit,onaccountofthepurchase,redemption,retirement,acquisition,cancellationorterminationofanysuchEquityInterestsintheCompanyoranySubsidiaryoranyoption,warrantorotherrighttoacquire any such Equity Interests in the Company or any Subsidiary.“Revaluation
Date
 ”shallmean(a)withrespecttoanyLoandenominatedinanyForeignCurrency,eachofthefollowing:(i)thedateoftheBorrowingofsuchLoanand(ii)(A)
with
respect
to
any
Term
Benchmark
Loan,
eachdateofaconversionintoorcontinuationofsuchLoanpursuanttothe
termsofthisAgreementand
(B)
with
respect
to
any
RFR
Loan,
each
date
that
is
on
the
numerically
corresponding
day
in
each
calendar
month
that
is
one
month
after
the
Borrowing
of
such
Loan
(or,
if
there
is
no
such
numerically
corresponding
day
in
such
month,
then
the
last
day
of
such
month)
;(b)with
respecttoanyLetterofCreditdenominatedinaForeignCurrency,eachofthefollowing:(i)thedateonwhichsuchLetterofCreditisissued,(ii)thefirstBusinessDayofeachcalendarmonthand(iii)thedateofanyamendmentofsuchLetterofCreditthathastheeffectofincreasingthefaceamountthereof;and(c)anyadditionaldateastheAdministrativeAgentmaydetermineatanytimewhenanEventofDefaultexists.37






	
	“Revolving
Commitment
 ”means,withrespecttoeachLender,thecommitment,ifany,tomakeRevolvingLoansandtoacquireparticipationsinLettersofCreditandSwinglineLoanshereunder,expressedasanamountrepresentingthemaximumaggregateamountofsuchLender’sRevolvingCreditExposurehereunder,assuchcommitmentmaybe(a) reducedorterminatedfromtimeto time pursuant to Section 2.09, (b) increased from time to time pursuant to Section 2.20 and (c) reducedorincreasedfromtimetotimepursuanttoassignmentsbyortosuchLenderpursuanttoSection 9.04.TheinitialamountofeachLender’sRevolvingCommitmentissetforthonSchedule 2.01
,orintheapplicabledocumentationpursuanttowhichsuchLendershallhaveassumeditsRevolvingCommitmentpursuanttothetermshereof,asapplicable.TheaggregateamountoftheRevolvingLenders’RevolvingCommitments as of the Restatement Effective Date is $450,000,000.“Revolving
Credit
Exposure
 ”means,withrespecttoanyLenderatanytime,thesumoftheoutstandingprincipalamountofsuchLender’sRevolvingLoansanditsLCExposureandSwinglineExposure at such time.“Revolving
Lender
 ”means,asofanydateofdetermination,eachLenderthathasaRevolvingCommitmentor,iftheRevolvingCommitmentshaveterminatedorexpired,aLenderwithRevolving Credit Exposure.“Revolving
Loan
 ”meansaLoanmadebyaRevolvingLenderpursuanttoSection2.01(a).“RFR” means, for any RFR Loan denominated
in Dollars
(solely following a Benchmark
Transition
Event
and
Benchmark
Replacement
Date
with
respect
to
the
Term
SOFR
Rate),
Daily
Simple
SOFR.
 “RFR Administrator
 ” means the
SOFR Administrator.
 “RFR
Borrowing”
means,
as
to
any
Borrowing,
the
RFR
Loans
comprising
such
Borrowing.
 “RFR
Business
Day”
means,
for
any
Loan
denominated
in
Dollars,
a
U.S.
Government
Securities Business Day.
 “RFR Interest Day” has the meaning specified
in the definition of “
Daily Simple RFR”.
 “RFR
Loan”
means
a
Loan
that
bears
interest
at
a
rate
based
on
the
Adjusted
Daily
Simple RFR.
 “S&P
 ”meansStandard&Poor’sRatingsServices,aStandard&Poor’sFinancialServices LLC business.“Sale
and
Leaseback
Transaction
 ”meansanysaleorothertransferofpropertybyanyPerson with the intent to lease such property as lessee.“Sanctioned
Country
 ”means,atanytime,acountry,regionorterritorywhichisitselfthe subject or target of any Sanctions (at the time
of this Agreement
,
as of the Amendment No. 1 Effective
Date,
the
so-called
Donetsk
People’s
Republic,
the
so-called
Luhansk
People’s
Republic,
the
Crimea
Region of Ukraine
, Cuba, Iran, North Korea and Syria).
 “Sanctioned
Person
 ”means,atanytime,(a)anyPersonlistedinanySanctions-relatedlistofdesignatedPersonsmaintainedbyOFAC,theU.S.DepartmentofState,theUnitedNations38






	
	Security Council, the European Union, any European Union member state, Her
His
Majesty’s Treasury of
theUnitedKingdom,orotherrelevantsanctionsauthority,(b)anyPersonoperating,organizedorresidentinaSanctionedCountry,(c)anyPersonownedorcontrolledbyanysuchPersonorPersonsdescribed in the foregoing clauses (a) or (b), or (d) any Person otherwise the subject of any Sanctions.“Sanctions
 ”meansalleconomicorfinancialsanctionsortradeembargoesimposed,administeredorenforcedfromtimetotimeby(a)theU.S.government,includingthoseadministeredbyOFACortheU.S.DepartmentofStateor(b)theUnitedNationsSecurityCouncil,theEuropeanUnion,anyEuropeanUnionmemberstate,Her
His
Majesty’sTreasuryoftheUnitedKingdom,orotherrelevant
sanctions authority.“Secured
Obligations
 ”meansallObligations,togetherwithallSwapObligationsandBankingServicesObligationsowingtooneormoreLendersortheirrespectiveAffiliates;provided
thatthe definition of “Secured Obligations” shall not create or include any guarantee by any Loan Party of (orgrantofsecurityinterestbyanyLoanPartytosupport,asapplicable)anyExcludedSwapObligationsofsuch Loan Party for purposes of determining any obligations of any Loan Party.“Secured
Parties
 ”meanstheholdersoftheSecuredObligationsfromtimetotimeandshall include (i) each Lender and the Issuing Banks in respect of its Loans and LC Exposure respectively,(ii) the Administrative Agent, the Issuing Banks and the Lenders in respect of all other present and futureobligationsandliabilitiesoftheCompanyandeachSubsidiaryofeverytypeanddescriptionarisingunderorinconnectionwiththisAgreementoranyotherLoanDocument,(iii)eachLenderandAffiliateofsuchLenderinrespectofSwapAgreementsandBankingServicesAgreementsenteredintowithsuchPersonbytheCompanyoranySubsidiary,(iv)eachindemnifiedpartyunderSection9.03inrespectoftheobligationsandliabilitiesoftheBorrowerstosuchPersonhereunderandundertheotherLoanDocuments,and(v)theirrespectivesuccessorsand(inthecaseofaLender,permitted)transfereesandassigns.“Securities Act
 ” means the United States Securities Act of 1933.“Security
Agreement
 ”meansthatcertainPledgeandSecurityAgreement(includinganyandallsupplementsthereto),datedasofApril4,2017,betweentheLoanPartiesandtheAdministrativeAgent,forthebenefitoftheAdministrativeAgentandtheotherSecuredParties,andanyotherpledgeorsecurityagreemententeredinto,afterthedateofthisAgreementbyanyotherLoanParty(asrequiredbythis Agreement or any other Loan Document), or any other Person, as the same may be amended, restatedor otherwise modified from time to time.“SOFR
 ” means, with respect to any Business Day,
a rate per annum
equal to the secured
overnightfinancingratefor
such
Business
Day
published
as
administered
bytheSOFRAdministratoron
the SOFR Administrator’s Website
..
 “SOFR
Administrator
 ”meanstheNYFRB(orasuccessoradministratorofthesecuredovernight financing rate).“SOFR
Administrator’s
Website
 ”meanstheNYFRB’swebsite
Website
,currentlyat
http://www.newyorkfed.org,oranysuccessorsourceforthesecuredovernightfinancingrateidentifiedas such by the SOFR Administrator from time to time.“SOFR
Determination
Date”
has
the
meaning
specified
in
the
definition
of
 “Daily
Simple SOFR”.
39






	
	“SOFR Rate Day” has the meaning specified in the definition of “Daily Simple SOFR”.
 “Solvent
 ”means,inreferencetoanyPerson,(i)thesumoftheprobableliabilityofthedebtsandotherliabilities(subordinated,contingentorotherwise)ofsuchPersonanditsSubsidiaries,takenasawhole,assuchdebtsandliabilitiesbecomeabsoluteandmatured,doesnotexceedthepresentfairsaleablevalueoftheassetsofsuchPersonanditsSubsidiaries,takenasawhole,(ii)thecapitalofsuch Person and its Subsidiaries, taken as a whole, is not unreasonably small in relation to the business ofsuchPersonanditsSubsidiaries,takenasawholeand(iii)suchPersonanditsSubsidiaries,takenasawhole,havenotincurred,donotintendtoincurorbelievethattheywillincur,debtsorotherliabilitiesincludingcurrentobligationsbeyondtheirabilitytopaysuchdebtorotherliabilitiesastheymatureintheordinarycourseofbusiness.Forthepurposesofthisdefinition,theamountofanycontingentliabilityatanytimeshallbecomputedastheamountthat,inlightofallofthefactsandcircumstancesexistingatsuchtime,representstheamountthatcanreasonablybeexpectedtobecomeanactualormaturedliability(irrespectiveofwhethersuchcontingentliabilitiesmeetthecriteriaforaccrualunderStatement of Financial Accounting Standard No. 5).“Specified
Acquisition
 ”meansaPermittedAcquisitionforwhichtheaggregateconsideration paid or to be paid in respect thereof equals or exceeds $50,000,000.“Specified Ancillary Obligations
 ” means all obligations and liabilities (including interestandfeesaccruingduringthependencyofanybankruptcy,insolvency,receivershiporothersimilarproceeding,regardlessofwhetherallowedorallowableinsuchproceeding)ofanyoftheSubsidiaries,existingontheEffectiveDateorarisingthereafter,directorindirect,jointorseveral,absoluteorcontingent,maturedorunmatured,liquidatedorunliquidated,securedorunsecured,arisingbycontract,operation of law or otherwise, to the Lenders or any of their Affiliates under any Swap Agreement or anyBanking Services Agreement.“Specified
Swap
Obligation
 ”means,withrespecttoanyLoanParty,anyobligationtopay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaningof Section 1a(47) of the Commodity Exchange Act or any rules or regulations promulgated thereunder.“Standard
Securitization
Undertakings
 ”meansrepresentations,warranties,covenantsandindemnitiesenteredintobytheCompanyoranySubsidiarythereofinconnectionwiththePermittedReceivables Facility which are reasonably customary in an accounts receivable financing transaction.“Statutory Reserve Rate
 ” means, with respect to any currency,
a fraction (expressed as a
decimal),thenumeratorofwhichisthenumberoneandthedenominatorofwhichisthenumberoneminustheaggregateofthemaximumreserve,
liquid
asset,
fees
or
similar
requirements
percentage
(includinganymarginal,special,emergencyorsupplementalreservesor
other
requirements)
established
by
any
central
bank,
monetary
authority,
the
Board,
the
Financial
Conduct
Authority,
the
Prudential
Regulation
Authority,
the
European
Central
Bank
or
other
Governmental
Authority
for
any
category
of
deposits
or
liabilities
customarily
used
to
fund
loans
in
such
currency,
expressed
in
the
case
of
each
such
requirement
as
a
decimal.
Such
reserve,
liquid
asset,
fees
or
similar
requirements
shall
,
in
the
case
of
Dollar
denominated
Loans,
)
expressed
as
a
decimal
established
by
the
Federal
Reserve
Board
to
which
the
Administrative
Agent
is
subject
with
respect
to
the
Adjusted
EURIBOR
Rate
for
eurocurrency
funding
(currently
referred
to
as
 “Eurocurrency
liabilities”
in
Regulation
D
of
the
Board)
or
any
other
reserve
ratio
or
analogous
requirement
of
any
central
banking
or
financial
regulatory
authority
imposed
in
respect
of
the
maintenance
of
the
Commitments
or
the
funding
of
the
Loans.
Such
reserve
percentage
shall
includethoseimposedpursuanttoRegulationDoftheBoard.Eurocurrency
Loans
Term
Benchmark
Loans
for
which
the
associated
Benchmark
is
adjusted
by
reference
to
the
Statutory
Reserve
Rate
(per
the
related
definition
of
such
Benchmark)
shallbedeemedtoconstitute
eurocurrency
funding
40






	
	and to
be subject to such reserve, liquid asset, fee or similar
requirements without benefit of or credit for
proration,exemptionsoroffsetsthatmaybeavailablefromtimetotimetoanyLenderunderany
applicable
law,
rule
or
regulation,
including
RegulationDoftheBoardor
any
comparable
regulation
..
TheStatutoryReserveRateshallbeadjustedautomaticallyonandasoftheeffectivedateofanychangein any reserve, liquid asset or similar requirement
percentage
..
 “subsidiary
 ”means,withrespecttoanyPerson(the“parent
 ”)atanydate,anycorporation,limitedliabilitycompany,partnership,associationorotherentitytheaccountsofwhichwouldbeconsolidatedwiththoseoftheparentintheparent’sconsolidatedfinancialstatementsifsuchfinancialstatementswerepreparedinaccordancewithGAAPasofsuchdate,aswellasanyothercorporation,limitedliabilitycompany,partnership,associationorotherentity(a)ofwhichsecuritiesorotherownershipinterestsrepresentingmorethan50%oftheequityormorethan50%oftheordinaryvoting power or, in the case of a partnership, more than 50% of the general partnership interests are, as ofsuchdate,owned,Controlledorheld,or(b)thatis,asofsuchdate,otherwiseControlled,bytheparentor one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.“Subsidiary
 ” means any subsidiary of the Company.“Subsidiary
Guarantor
 ”meanseachMaterialSubsidiarythatisaDomesticSubsidiary.TheSubsidiaryGuarantorsontheRestatementEffectiveDateareidentifiedassuchinSchedule3.01hereto.“Subsidiary
Guaranty
 ”meansthatcertainGuarantydatedasofApril4,2017substantiallyintheformofExhibitG(includinganyandallsupplementsthereto)andexecutedbyeachSubsidiaryGuarantorpartythereto,and,inthecaseofanyguarantybyaForeignSubsidiary,anyotherguarantyagreementsasarerequestedbytheAdministrativeAgentanditscounsel,ineachcaseasamended, restated, supplemented or otherwise modified from time to time.“Supported QFC
 ” has the meaning assigned to it in Section 9.19.“Swap
Agreement
 ”meansanyagreementwithrespecttoanyswap,forward,futureorderivativetransactionoroptionorsimilaragreementinvolving,orsettledbyreferenceto,oneormorerates,currencies,commodities,equityordebtinstrumentsorsecurities,oreconomic,financialorpricingindicesormeasuresofeconomic,financialorpricingriskorvalueoranysimilartransactionoranycombination of these transactions; provided
that no phantom stock or similar plan providing for paymentsonly on account of services provided by current or former directors, officers, employees or consultants ofthe Company or the Subsidiaries shall be a Swap Agreement.“Swap
Obligations
 ”meansanyandallobligationsoftheCompanyoranySubsidiary,whetherabsoluteorcontingentandhowsoeverandwhensoevercreated,arising,evidencedoracquired(includingallrenewals,extensionsandmodificationsthereofandsubstitutionstherefor),under(a)anyandallSwapAgreementspermittedhereunderwithaLenderoranAffiliateofaLender,and(b)anyandallcancellations,buybacks,reversals,terminationsorassignmentsofanysuchSwapAgreementtransaction.“Swingline
Exposure
 ”means,atanytime,theaggregateprincipalamountofallSwinglineLoansoutstandingatsuchtime.TheSwinglineExposureofanyLenderatanytimeshallbethesumof(a)itsApplicablePercentageoftheaggregateprincipalamountofallSwinglineLoansoutstandingatsuchtime(excluding,inthecaseofanyLenderthatisaSwinglineLender,SwinglineLoansmadebysuchLenderinitscapacityasaSwinglineLenderthatareoutstandingatsuchtimetotheextentthattheotherLendersshallnothavefundedtheirparticipationsinsuchSwinglineLoans),41






	
	adjustedtogiveeffecttoanyreallocationunderSection2.24oftheSwinglineExposureofDefaultingLenders in effect at such time, and (b) in the case of any Lender that is a Swingline Lender, the aggregateprincipal amount of all Swingline Loans made by such Lender as a Swingline Lender outstanding at suchtime, less the amount of participations funded by the other Lenders in such Swingline Loans.“Swingline
Lender
 ”meansJPMorganChaseBank,N.A.,initscapacityaslenderofSwingline Loans hereunder.“Swingline Loan
 ” means a Loan made pursuant to Section 2.05.“TARGET2
 ” means the Trans-European Automated Real-time Gross Settlement ExpressTransferpaymentsystemwhichutilizesasinglesharedplatformandwhichwaslaunchedonNovember19, 2007.“TARGET Day
 ” means any day on which TARGET2 (or, if such payment system ceasestobeoperative,suchotherpaymentsystem,ifany,determinedbytheAdministrativeAgenttobeasuitable replacement) is open for the settlement of payments in Euro.“Taxes
 ”meansallpresentorfuturetaxes,levies,imposts,duties,deductions,withholdings(includingbackupwithholding),valueaddedtaxes,oranyothergoodsandservices,useorsalestaxes,assessments,feesorotherchargesimposedbyanyGovernmentalAuthority,includinganyinterest, additions to tax or penalties applicable thereto.“Term
Benchmark”
when
used
in
reference
to
any
Loan
or
Borrowing,
refers
to
whether
such
Loan,
or
the
Loans
comprising
such
Borrowing,
are
bearing
interest
at
a
rate
determined
by
reference to the Adjusted
TermSOFR
Rate or the Adjusted EURIBOR Rate.
 “
Term
ESTR
 ”
means,
for
the
applicable
Corresponding
Tenor
as
of
the
applicable
Reference
Time,
the
forward-looking
term
rate
based
on
ESTR
that
has
been
selected
or
recommended
by the Relevant Governmental Body.
 “
Term
ESTR
Notice
 ”
means
a
notification
by
the
Administrative
Agent
to
the
Lenders
and the Company of the occurrence of a Term ESTR Transition Event.
 “
Term
ESTR
Transition
Event
 ”
means
the
determination
by
the
Administrative
Agent
that
(a)
Term
ESTR
has
been
recommended
for
use
by
the
Relevant
Governmental
Body,
(b)
the
administration
of
Term
ESTR
is
administratively
feasible
for
the
Administrative
Agent
and
(c)
a
Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting
in a Benchmark Replacement in accordance with Section 2.14 that is not Term ESTR.
 “
Term
SOFR
 ”
means,
for
the
applicable
Corresponding
Tenor
as
of
the
applicable
Reference
Time,
the
forward-looking
term
rate
based
on
SOFR
that
has
been
selected
or
recommended
by the Relevant Governmental Body.
 “Term
SOFR
Notice
 ”
means
a
notification
by
the
Administrative
Agent
to
the
Lenders
and
the
Company
of
the
occurrence
of
a
Term
SOFR
Transition
Event
Determination
Day
 ”
has
the
meaning assigned to
it under
the definition of
TermSOFR Reference Rate
..
 “Term
SOFR
Transition
Event
 ”
means
the
determination
by
the
Administrative
Agent
that
(a)
Term
SOFR
has
been
recommended
for
use
by
the
Relevant
Governmental
Body,
(b)
the
administration
of
Term
SOFR
is
administratively
feasible
for
the
Administrative
Agent
and
(c)
a
Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting
42






	
	in
a
Benchmark
Replacement
in
accordance
with
Section
2.14
that
is
not
Term
SOFR.
Rate”
means,
with
respect
to
any
Term
Benchmark
Borrowing
denominated
in
Dollars
and
for
any
tenor
comparable
to
the
applicable
Interest Period, the
TermSOFR Reference
Rate at approximately
5:00 a.m., Chicago
time, two
U.S.
Government
Securities
Business
Days
prior
to
the
commencement
of
such
tenor
comparable
to
the
applicable
Interest Period
, as such rate is published by the CME Term SOFR Administrator.
 “Term
SOFR
Reference
Rate”
means,
for
any
day
and
time
(such
day,
the
 “Term
SOFR
Determination
Day”)
,
with
respect
to
any
Term
Benchmark
Borrowing
denominated
in
Dollars
and
for
any
tenor
comparable
to
the
applicable
Interest
Period,
the
rate
per
annum
published
by
the
CME
Term
SOFR
Administrator
and
identified
by
the
Administrative
Agent
as
the
forward-looking
term
rate
based
on
SOFR.
If
by
5:00
pm
(New
York
City
time)
on
such
Term
SOFR
Determination
Day,
the
 “Term
SOFR
Reference
Rate”
for
the
applicable
tenor
has
not
been
published
by
the
CME
Term
SOFR
Administrator
and
a
Benchmark
Replacement
Date
with
respect
to
the
Term
SOFR
Rate
has
not
occurred,
then,
so
long
as
such
day
is
otherwise
a
U.S.
Government
Securities
Business
Day
,
the
Term
SOFR
Reference
Rate
for
such
Term
SOFR
Determination
Day
will
be
the
Term
SOFR
Reference
Rate
as
published
in
respect
of
the
first
preceding
U.S.
Government
Securities
Business
Day
for
which
such
Term
SOFR
Reference
Rate
was
published
by
the
CME
Term
SOFR
Administrator,
so
long
as
such
first
preceding
U.S.
Government
Securities
Business
Day
is
not
more
than
five
(5)
U.S.
Government
Securities Business Days prior to such Term SOFR Determination Day.
 “Total
Credit
Exposure
 ”meansthesumoftheTotalRevolvingCreditExposureandtheaggregate principal amount of all Delayed Draw Term Loans outstanding at such time.“Total
Revolving
Credit
Exposure
 ”means,atanytime,thesumof(a)theoutstandingprincipalamountoftheRevolvingLoansandSwinglineLoansatsuchtimeand(b)thetotalLCExposure at such time.“Transactions
 ”meanstheexecution,deliveryandperformancebytheLoanPartiesofthisAgreementandtheotherLoanDocuments,theborrowingofLoansandothercreditextensions,theuse of the proceeds thereof, and the issuance of Letters of Credit hereunder.“Type
 ”,whenusedinreferencetoanyLoanorBorrowing,referstowhethertherateofinterestonsuchLoan,orontheLoanscomprisingsuchBorrowing,isdeterminedbyreferencetotheAdjustedLIBO
Term
SOFR
Rate,theAdjustedEURIBORRateor
,
theAlternateBaseRateor
the
Adjusted Daily Simple RFR
..
 “UCC
 ”meanstheUniformCommercialCodeasineffectfromtimetotimeintheStateofNewYorkoranyotherstatethelawsofwhicharerequiredtobeappliedinconnectionwiththeissueof perfection of security interests.“UK
Financial
Institutions
 ”meansanyBRRDUndertaking(assuchtermisdefinedunder the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom PrudentialRegulationAuthority)oranypersonfallingwithinIFPRU11.6oftheFCAHandbook(asamendedfromtimetotime)promulgatedbytheUnitedKingdomFinancialConductAuthority,whichincludescertaincreditinstitutionsandinvestmentfirms,andcertainaffiliatesofsuchcreditinstitutionsorinvestmentfirms.“UK
Resolution
Authority
 ”meanstheBankofEnglandoranyotherpublicadministrative authority having responsibility for the resolution of any UK Financial Institution.43






	
	“Unadjusted
Benchmark
Replacement
 ”meanstheapplicableBenchmarkReplacementexcluding the related Benchmark Replacement Adjustment.“Unfunded
Commitment
 ”means,withrespecttoeachLender,theRevolvingCommitment of such Lender less its Revolving Credit Exposure.“Unliquidated
Obligations
 ”means,atanytime,anySecuredObligations(orportionthereof)thatarecontingentinnatureorunliquidatedatsuchtime,includinganySecuredObligationthatis:(i) anobligationtoreimburseabankfordrawingsnotyetmadeunderaletterofcreditissuedbyit;(ii) anyotherobligation(includinganyguarantee)thatiscontingentinnatureatsuchtime;or(iii) anobligation to provide collateral to secure any of the foregoing types of obligations.“Unrestricted Domestic Cash
 ” means, as of any date of determination, that portion of theCompany’sanditsconsolidatedDomesticSubsidiaries’aggregatecashandPermittedInvestmentsthatis(i) on deposit with one or more financial institutions in the United States of America, (ii) subject to a firstpriorityperfectedLieninfavoroftheAdministrativeAgent,and(iii)notencumberedbyorsubjecttoanyotherLien,setoff,counterclaim,recoupment,defenseoranyrestrictionontheusethereoftopayIndebtednessandotherliabilitiesoftheCompanyanditsDomesticSubsidiaries,otherthanasprovidedin clause (n) of the definition of Permitted Encumbrances or contained in control agreements entered intoby the Administrative Agent with such financial institutions.“Unrestricted
Foreign
Cash
 ”means,asofanydateofdetermination,thatportionoftheCompany’sanditsconsolidatedSubsidiaries’aggregatecashandPermittedInvestmentsthatis(i)ondepositwithoneormorefinancialinstitutionsoutsidetheUnitedStatesofAmerica,orisownedbyaForeignSubsidiary,and(ii)notencumberedbyorsubjecttoanyLien,setoff,counterclaim,recoupment,defense or any restriction on the use thereof to pay Indebtedness and other liabilities of the Company anditsSubsidiariesotherthanasprovidedinclause(n)ofthedefinitionofPermittedEncumbrancesorcontained in control agreements entered into by the Administrative Agent with such financial institutions.“U.S. Government Securities Business Day” means any day except for (i) a Saturday, (ii)
a
Sunday
or
(iii)
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.
 “U.S. Person
 ”meansa“UnitedStatesperson”withinthemeaningofSection 7701(a)(30) of the Code.“U.S. Special Resolution Regime
 ” has the meaning assigned to it in Section 9.19.“U.S. Tax
Compliance
Certificate
 ”hasthemeaningassignedtosuchterminSection 2.17(f)(ii)(B)(3).“Weighted
Average
Life
to
Maturity
 ”means,whenappliedtoanyIndebtednessatanydate,thenumberofyearsobtainedbydividing:(a)thesumoftheproductsobtainedbymultiplying(i)theamountofeachthenremaininginstallment,sinkingfund,serialmaturityorotherrequiredpaymentsofprincipal,includingpaymentatfinalmaturity,inrespectthereof,by(ii)thenumberofyears(calculatedtothenearestone-twelfth)thatwillelapsebetweensuchdateandthemakingofsuchpayment; by (b) the then outstanding principal amount of such Indebtedness.44






	
	“Withdrawal
Liability
 ”meansliabilitytoaMultiemployerPlanasaresultofacompleteorpartialwithdrawalfromsuchMultiemployerPlan,assuchtermsaredefinedinPartIofSubtitleEofTitle IV of ERISA.“Working
Capital
 ”means,atanydate,theexcessofcurrentassetsoftheCompanyanditsSubsidiariesonsuchdateovercurrentliabilitiesoftheCompanyanditsSubsidiariesonsuchdate,alldetermined on a consolidated basis in accordance with GAAP.“Write-Down
and
Conversion
Powers
 ”means,(a)withrespecttoanyEEAResolutionAuthority,thewrite-downandconversionpowersofsuchEEAResolutionAuthorityfromtimetotimeunder the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversionpowersaredescribedintheEUBail-InLegislationSchedule,and(b)withrespecttotheUnitedKingdom,anypowersoftheapplicableResolutionAuthorityundertheBail-InLegislationtocancel,reduce,modifyorchangetheformofaliabilityofanyUKFinancialInstitutionoranycontractorinstrumentunderwhichthatliabilityarises,toconvertallorpartofthatliabilityintoshares,securitiesorobligationsofthatpersonoranyotherperson,toprovidethatanysuchcontractorinstrumentistohaveeffectasifarighthadbeenexercisedunderitortosuspendanyobligationinrespectofthatliabilityorany of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.SECTION 1.02.   Classification
of
Loans
and
Borrowings
..ForpurposesofthisAgreement,LoansmaybeclassifiedandreferredtobyClass(e.g.
,a“RevolvingLoan”)orbyType(e.g.
,a“Eurocurrency
Term
Benchmark
Loan”
or
an
 “RFR
Loan”)orbyClassandType(e.g.
,a“Eurocurrency
Term
Benchmark
Revolving
Loan”
or
an
 “RFR
RevolvingLoan”).Borrowingsalsomaybeclassified
andreferredtobyClass(e.g.
,a“RevolvingBorrowing”)orbyType(e.g.
,a“Eurocurrency
Term
Benchmark
Borrowing”
or
an
 “RFR
Borrowing”)orbyClassandType(e.g.
,a“Eurocurrency
Term
Benchmark Revolving Borrowing” or an “RFR
Revolving Borrowing”).
SECTION 1.03.   Terms
Generally
..Thedefinitionsoftermshereinshallapplyequallytothesingularandpluralformsofthetermsdefined.Wheneverthecontextmayrequire,anypronounshallincludethecorrespondingmasculine,feminineandneuterforms.Thewords“include”,“includes”and“including”shallbedeemedtobefollowedbythephrase“withoutlimitation”.Theword“will”shallbeconstruedtohavethesamemeaningandeffectastheword“shall”.Theword“law”shallbeconstruedasreferringtoallstatutes,rules,regulations,codesandotherlaws(includingofficialrulingsandinterpretationsthereunderhavingtheforceoflaworwithwhichaffectedPersonscustomarilycomply),andalljudgments,ordersanddecrees,ofallGovernmentalAuthorities.Unlessthecontextrequiresotherwise(a)anydefinitionoforreferencetoanyagreement,instrumentorotherdocumenthereinshallbe construed as referring to such agreement, instrument or other document as from time to time amended,restated,supplementedorotherwisemodified(subjecttoanyrestrictionsonsuchamendments,restatements,supplementsormodificationssetforthherein),(b)anydefinitionoforreferencetoanystatute,ruleorregulationshallbeconstruedasreferringtheretoasfromtimetotimeamended,supplementedorotherwisemodified(includingbysuccessionofcomparablesuccessorlaws),(c)anyreferencehereintoanyPersonshallbeconstruedtoincludesuchPerson’ssuccessorsandassigns(subjecttoanyrestrictionsonassignmentsetforthherein)and,inthecaseofanyGovernmentalAuthority,anyotherGovernmentalAuthoritythatshallhavesucceededtoanyorallfunctionsthereof,(d)thewords“herein”,“hereof”and“hereunder”,andwordsofsimilarimport,shallbeconstruedtorefertothisAgreementinitsentiretyandnottoanyparticularprovisionhereof,(e)allreferenceshereintoArticles,Sections,ExhibitsandSchedulesshallbeconstruedtorefertoArticlesandSectionsof,andExhibitsandSchedulesto,thisAgreementand(f)thewords“asset”and“property”shallbeconstruedtohave the same meaning and effect and to refer to any and all tangible and intangible assets and properties,including cash, securities, accounts and contract rights.45






	
	SECTION 1.04.   Accounting
Terms;
GAAP;
Pro
Forma
Calculations
..(a)Exceptasotherwiseexpressly provided herein, all terms of an accounting or financial nature shall be construed in accordancewithGAAP,asineffectfromtimetotime;provided
that,iftheCompanynotifiestheAdministrativeAgentthattheCompanyrequestsanamendmenttoanyprovisionhereoftoeliminatetheeffectofanychangeoccurringafterthedatehereofinGAAPorintheapplicationthereofontheoperationofsuchprovision(oriftheAdministrativeAgentnotifiestheCompanythattheRequiredLendersrequestanamendmenttoanyprovisionhereofforsuchpurpose),regardlessofwhetheranysuchnoticeisgivenbeforeoraftersuchchangeinGAAPorintheapplicationthereof,thensuchprovisionshallbeinterpretedonthebasisofGAAPasineffectandappliedimmediatelybeforesuchchangeshallhavebecomeeffectiveuntilsuchnoticeshallhavebeenwithdrawnorsuchprovisionamendedinaccordanceherewith.Notwithstandinganyotherprovisioncontainedherein,alltermsofanaccountingorfinancialnatureusedhereinshallbeconstrued,andallcomputationsofamountsandratiosreferredtohereinshallbemade(i)withoutgivingeffecttoanyelectionunderAccountingStandardsCodification825-10-25(orany other Accounting Standards Codification or Financial Accounting Standard having a similar result oreffect)tovalueanyIndebtednessorotherliabilitiesoftheCompanyoranySubsidiaryat“fairvalue”,asdefinedthereinand(ii)withoutgivingeffecttoanytreatmentofIndebtednessinrespectofconvertibledebtinstrumentsunderAccountingStandardsCodification470-20(oranyotherAccountingStandardsCodificationorFinancialAccountingStandardhavingasimilarresultoreffect)tovalueanysuchIndebtednessinareducedorbifurcatedmannerasdescribedtherein,andsuchIndebtednessshallatalltimes be valued at the full stated principal amount thereof.(b)   Allproformacomputationsrequiredtobemadehereundergivingeffecttoanyacquisitionordisposition,orissuance,incurrenceorassumptionofIndebtedness,orothertransactionshallineachcasebecalculatedgivingproformaeffectthereto(and,inthecaseofanyproformacomputationmadehereundertodeterminewhethersuchacquisitionordisposition,orissuance,incurrenceorassumptionofIndebtedness,orothertransactionispermittedtobeconsummatedhereunder,toanyothersuchtransactionconsummatedsincethefirstdayoftheperiodcoveredbyanycomponentofsuchproformacomputationandonorpriortothedateofsuchcomputation)asifsuchtransactionhadoccurredonthefirstdayoftheperiodoffourconsecutivefiscalquartersendingwiththemostrecentfiscalquarterforwhichfinancialstatementsshallhavebeendeliveredpursuanttoSection5.01(a)or5.01(b)(or,priortothedeliveryofanysuchfinancialstatements,endingwiththelastfiscalquarterincludedinthefinancialstatementsreferredtoinSection3.04(a)),and,totheextentapplicable,tothehistoricalearningsandcashflowsassociatedwiththeassetsacquiredordisposedof(butwithoutgivingeffecttoanysynergiesorcostsavings)andanyrelatedincurrenceorreductionofIndebtedness,allinaccordancewithArticle11ofRegulationS-XundertheSecuritiesAct.IfanyIndebtednessbearsafloatingrateofinterestandisbeinggivenproformaeffect,theinterestonsuchIndebtednessshallbecalculatedasiftherateineffectonthedateofdeterminationhadbeentheapplicableratefortheentireperiod (taking into account any Swap Agreement applicable to such Indebtedness).(c)   NotwithstandinganythingtothecontrarycontainedinSection1.04(a)orinthedefinitionof“CapitalLeaseObligations,”intheeventofanaccountingchangerequiringallleasestobecapitalized,onlythoseleasesthatwouldconstitutecapitalleasesinconformitywithGAAPontheEffectiveDateshallbeconsideredcapitalleases,andallcalculationsanddeliverablesunderthisAgreementoranyotherLoanDocumentshallbemadeordelivered,asapplicable,inaccordancetherewith.SECTION 1.05.   Interest
Rates;
LIBOR
Benchmark
Notification
..TheinterestrateonaLoan
denominatedinDollarsoraForeignCurrencymaybederivedfromaninterestratebenchmarkthatmay
be
discontinued
or
is,ormayinthefuturebecome,thesubjectofregulatoryreform.Regulators
have
signaled
the
need
to
use
alternative
benchmark
reference
rates
for
some
of
these
interest
rate
benchmarks
and,
as
a
result,
such
interest
rate
benchmarks
may
cease
to
comply
with
applicable
laws
and
regulations,
46






	
	may
be
permanently
discontinued,
and/or
the
basis
on
which
they
are
calculated
may
change.
The
interest
rate
on
Loans
is
determined
by
reference
to
the
LIBO
Rate,
which
is
derived
from
the
London
interbank
offered
rate
(“
LIBOR
 ”).
LIBOR
is
intended
to
represent
the
rate
at
which
contributing
banks
may
obtain
short-term
borrowings
from
each
other
in
the
London
interbank
market.
On
March
5,
2021,
the U.K. Financial Conduct Authority (“
FCA
 ”) publicly announced that: immediately after December 31,
2021,
publication
of
all
seven
euro
LIBOR
settings,
all
seven
Swiss
Franc
LIBOR
settings,
the
spot
next,
1-week,
2-month
and
12-month
Japanese
Yen
LIBOR
settings,
the
overnight,
1-week,
2-month
and
12-month
British
Pound
Sterling
LIBOR
settings,
and
the
1-week
and
2-month
U.S.
Dollar
LIBOR
settings
will
permanently
cease;
immediately
after
June
30,
2023,
publication
of
the
overnight
and
12-month U.S. Dollar LIBOR settings will permanently cease; immediately after December 31, 2021, the
1-month,
3-month
and
6-month
Japanese
Yen
LIBOR
settings
and
the
1-month,
3-month
and
6-month
British
Pound
Sterling
LIBOR
settings
will
cease
to
be
provided
or,
subject
to
consultation
by
the
FCA,
be
provided
on
a
changed
methodology
(or
 “synthetic”)
basis
and
no
longer
be
representative
of
the
underlying market and economic reality they are intended to measure and that representativeness will not
be restored; and immediately after June 30, 2023, the 1-month, 3-month and 6-month U.S. Dollar LIBOR
settings
will
cease
to
be
provided
or,
subject
to
the
FCA’s
consideration
of
the
case,
be
provided
on
a
synthetic
basis
and
no
longer
be
representative
of
the
underlying
market
and
economic
reality
they
are
intended
to
measure
and
that
representativeness
will
not
be
restored.
There
is
no
assurance
that
dates
announced
by
the
FCA
will
not
change
or
that
the
administrator
of
LIBOR
and/or
regulators
will
not
take
further
action
that
could
impact
the
availability,
composition,
or
characteristics
of
LIBOR
or
the
currencies
and/or
tenors
for
which
LIBOR
is
published,
and
each
party
to
this
Agreement
should
consult
its
own
advisors
to
stay
informed
of
any
such
developments
..
Public
and
private
sector
industry
initiatives
are
currently
underway
to
implement
new
or
alternative
reference
rates
to
be
used
in
place
of
LIBOR.
UpontheoccurrenceofaBenchmarkTransitionEvent,a
Term
SOFR
Transition
Event,
a
Term
ESTR
Transition
Event
or
an
Early
Opt-In
Election,
Section2.14(b)and
(c)
provide
provides
a
mechanism for determining an alternative rate of interest.  The Administrative Agent will promptly notify
the
Company,
pursuant
to
Section
2.14(e)
,
of
any
change
to
the
reference
rate
upon
which
the
interest
rate on Eurocurrency Loans is based.  However, the
Administrative Agent does not warrant or accept any
responsibilityfor,andshallnothaveanyliabilitywithrespectto,theadministration,submission,
performance
oranyothermatterrelatedtoLIBOR
or
other
rates
in
the
definition
of
 “
LIBO
Rate”
(or
 “EURIBOR
Rate”,
as
applicable)
any
interest
rate
used
in
this
Agreement,
orwithrespecttoany
alternativeorsuccessorratethereto,orreplacementratethereof(including,
without
limitation,
(i)
any
such
alternative,
successor
or
replacement
rate
implemented
pursuant
to
Section
2.14(b)
or
(c),
whether
upon
the
occurrence
of
a
Benchmark
Transition
Event,
a
Term
SOFR
Transition
Event,
a
Term
ESTR
Transition Event
or an Early Opt-in Election, and (ii) the implementation of any Benchmark Replacement
Conforming
Changes
pursuant
to
Section
2.14(d)),
,
includingwithoutlimitation,whetherthe
compositionorcharacteristicsofanysuchalternative,successororreplacementreferenceratewillbesimilar to, or produce the same value or economic equivalence of, the LIBO Rate
(or the EURIBOR Rate,
as
applicable)
existing
interest
rate
being
replaced
orhavethesamevolumeorliquidityasdidLIBOR
(or
the
euro
interbank
offered
rate,
as
applicable)
any
existing
interest
rate
priortoitsdiscontinuanceor
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
47






	
	law
or
in
equity),
for
any
error
or
calculation
of
any
such
rate
(or
component
thereof)
provided
by
any
such information source or service
..
SECTION 1.06.   Divisions
..  For all purposes under the Loan Documents, in connection with anydivisionorplanofdivisionunderDelawarelaw(oranycomparableeventunderadifferentjurisdiction’slaws):(a) ifanyasset,right,obligationorliabilityofanyPersonbecomestheasset,right,obligationorliability of a different Person, then it shall be deemed to have been transferred from the original Person tothe subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemedto have been organized and acquired on the first date of its existence by the holders of its Equity Interestsat such time.SECTION 1.07.   Amendment
and
Restatement
of
Existing
Credit
Agreement;
General
Reaffirmations; Existing Loan Documents
..(a)   The parties to this Agreement agree that, upon (i) the execution and delivery by eachofthepartiesheretoofthisAgreementand(ii)satisfactionoftheconditionssetforthinSection4.01,thetermsandprovisionsoftheExistingCreditAgreementshallbeandherebyareamended,supersededandrestatedintheirentiretybythetermsandprovisionsofthisAgreement.ThisAgreementisnotintendedtoandshallnotconstituteanovation.AllLoansmadeandObligationsincurredundertheExistingCreditAgreementwhichareoutstandingontheRestatementEffectiveDateshallcontinueasLoansandObligations under (and shall be governed by the terms of) this Agreement and the other Loan Documents.Without limiting the foregoing, upon the effectiveness hereof: (i) all references in the “Loan Documents”(as defined in the Existing Credit Agreement) to the “Administrative Agent”, the “Credit Agreement” andthe“LoanDocuments”shallbedeemedtorefertotheAdministrativeAgent,thisAgreementandtheLoanDocuments,(ii)the“LettersofCredit”undertheExistingCreditAgreementwhichremainoutstandingontheRestatementEffectiveDateshallcontinueasLettersofCreditunder(andshallbegovernedbythetermsof)thisAgreement,(iii)allobligationsconstituting“SecuredObligations”withanyLenderoranyAffiliateofanyLenderwhichareoutstandingontheRestatementEffectiveDateshallcontinueasSecuredObligationsunderthisAgreementandtheotherLoanDocuments,(iv)theAdministrativeAgentshallmakesuchreallocations,sales,assignmentsorotherrelevantactionsinrespectofeachLender’screditexposureundertheExistingCreditAgreementasarenecessaryinorderthateachsuchLender’sCreditExposuresandoutstandingLoanshereunderreflectssuchLender’sApplicablePercentageoftheoutstandingaggregateCreditExposureontheRestatementEffectiveDate,(e) the Borrowers hereby agree to compensate each Lender (including any Departing Lender) for any andalllosses,costsandexpensesincurredbysuchLenderinconnectionwiththesaleandassignmentofanyEurocurrencyLoans(includingthe“EurocurrencyLoans”undertheExistingCreditAgreement)andsuchreallocationdescribedabove,ineachcaseonthetermsandinthemannersetforthinSection2.16hereofand(f)upontheeffectivenesshereof,eachDepartingLender’s“Commitment”undertheExistingCreditAgreementshallbeterminated,eachDepartingLendershallhavereceivedpaymentinfullofallof the outstanding  “Obligations” owing to it under the Existing Credit Agreement (other than obligationstopayfeesandexpenseswithrespecttowhichtheBorrowerhasnotreceivedaninvoice,contingentindemnityobligationsandothercontingentobligationsowingtoitundertheExistingLoanDocumentsand,fortheavoidanceofdoubt,excluding“SwapObligations”and“BankingServicesObligations”asdefined in the Existing Credit Agreement) and each Departing Lender shall not be a Lender hereunder.(b)   EachoftheBorrowers,asdebtor,grantor,pledgor,guarantor,oranothersimilarcapacityinwhichsuchBorrowergrantsliensorsecurityinterestsinitspropertiesorotherwiseactsasaguarantor,jointorseveralobligororotheraccommodationparty,asthecasemaybe,ineachcaseundertheExistingLoanDocuments,hereby(i)ratifiesandreaffirmsallofitspaymentandperformanceobligations,contingentorotherwise,undereachoftheExistingLoanDocumentstowhichitisaparty,(ii)totheextentsuchBorrowergrantedliensonorsecurityinterestsinanyofitspropertiespursuantto48






	
	anyoftheExistingLoanDocuments,herebyratifiesandreaffirmssuchgrantofsecurity(and,withoutlimitation,anyfilingswithGovernmentalAuthoritiesmadeinconnectiontherewith)andconfirmsthatsuchliensandsecurityinterestscontinuetosecuretheapplicableSecuredObligationsintendedtobesecuredthereby(asmodifiedbythisAgreement)and(iii)totheextentsuchBorrowerguaranteed,wasjointlyorseverallyliable,orprovidedotheraccommodationswithrespectto,theSecuredObligationsoranyportionthereofpursuanttotheExistingLoanDocuments(including,withoutlimitation,ArticleXoftheExistingCreditAgreement),herebyratifiesandreaffirmssuchguaranties,liabilitiesandotheraccommodations, in each case subject to the limitations set forth herein.(c)   EachLenderherebyconfirmstheAdministrativeAgent’sauthorityto(i)enterintosuchadditionalreaffirmationsof,oranyamendmentsto,amendmentsandrestatementsof,orothermodificationsto,theExistingLoanDocumentsastheAdministrativeAgentshallapproveinitssolediscretion, and (ii) to cancel any right of pledge created under the Deed of Pledge on Registered Shares intheCapitalofTennantHoldingB.V.,dated6June2017,byandamongtheCompany,TennantHoldingB.V.andtheAdministrativeAgent(the“Dutch
Share
Pledge
 ”),inthecasesofeachoftheforegoingclauses (i) and (ii), in connection with the amendment and restatement of the Existing Credit Agreement.TheAdministrativeAgentherewithcancelsinwholetheDutchSharePledgeandherewithgivesnoticeof such cancellation to the Company.ARTICLE IIThe Credits
SECTION 2.01.   Commitments
..
Subjecttothetermsandconditionssetforthherein,(a)eachRevolving Lender (severally and not jointly) agrees to make Revolving Loans to the Borrowers in AgreedCurrencies from time to time during the Availability Period in an aggregate principal amount that will notresultin(i)subjecttoSections2.04and2.11(b),theDollarAmountofsuchLender’sRevolvingCreditExposureexceedingsuchLender’sRevolvingCommitmentor(ii)subjecttoSections2.04and2.11(b),theDollarAmountoftheTotalRevolvingCreditExposureexceedingtheaggregateRevolvingCommitments,and(b) eachDelayedDrawTermLenderwithaDelayedDrawTermLoanCommitment(severallyandnotjointly)agreestomakeaDelayedDrawTermLoantotheCompanyinDollarsinasingleadvanceduringtheDelayedDrawCommitmentPeriod,inanamountequaltosuchLender’sDelayedDrawTermLoanCommitment.Withintheforegoinglimitsandsubjecttothetermsandconditions set forth herein, the Borrowers may borrow, prepay and reborrow Revolving Loans.  Amountsrepaid or prepaid in respect of Delayed Draw Term Loans may not be reborrowed.SECTION 2.02.   Loans
and
Borrowings
..(a)EachLoan(otherthanaSwinglineLoan)shallbemadeaspartofaBorrowingconsistingofLoansofthesameClassandTypemadebytheapplicableLendersratablyinaccordancewiththeirrespectiveCommitmentsoftheapplicableClass.ThefailureofanyLendertomakeanyLoanrequiredtobemadebyitshallnotrelieveanyotherLenderofitsobligationshereunder;provided
thattheCommitmentsoftheLendersareseveralandnoLendershallberesponsible for any other Lender’s failure to make Loans as required.  Any Swingline Loan shall be madeinaccordancewiththeproceduressetforthinSection2.05.TheDelayedDrawTermLoansshallamortize as set forth in Section 2.10.(b)   SubjecttoSection2.14,eachRevolvingBorrowingandDelayedDrawTermLoanBorrowingshallbecomprised(A)
in
the
case
of
Borrowings
in
Dollars,
entirelyofABRLoansor
Eurocurrency
Loans
,
Term
Benchmark
Loans
or
RFR
Loans
and
(
B)
in
the
case
of
Borrowings
in
any
other
Agreed
Currency,
entirely
of
Term
Benchmark
Loans,
in
each
case
of
the
same
Agreed
Currency,
astherelevantBorrowermayrequestinaccordanceherewith;providedthateachABRLoanshallonlybemadeinDollarsandshallonlybemadetotheCompany.EachSwinglineLoanshallbeanABR49






	
	Loan.EachLenderatitsoptionmaymakeanyLoanbycausinganydomesticorforeignbranchorAffiliateofsuchLendertomakesuchLoan(andinthecaseofanAffiliate,theprovisionsofSections2.14, 2.15, 2.16 and 2.17 shall apply to such Affiliate to the same extent as to such Lender); provided
thatanyexerciseofsuchoptionshallnotaffecttheobligationoftherelevantBorrowertorepaysuchLoaninaccordance with the terms of this Agreement.(c)   AtthecommencementofeachInterestPeriodforanyEurocurrency
Term
Benchmark
RevolvingBorrowing,suchBorrowingshallbeinanaggregateamountthatisanintegral
multipleof$1,000,000andnotlessthan$5,000,000(or,ifsuchBorrowingisdenominatedinaForeignCurrency,thesamesuchunitsofsuchcurrency).AtthetimethateachABRRevolvingBorrowing
and/or
RFR
Borrowing
ismade,suchBorrowingshallbeinanaggregateamountthatisanintegral
multiple of $1,000,000 and not less than $5,000,000; provided
that an ABR Revolving Borrowing may beinanaggregateamountthatisequaltotheentireunusedbalanceoftheaggregateRevolvingCommitmentsorthatisrequiredtofinancethereimbursementofanLCDisbursementascontemplatedbySection2.06(e).EachSwinglineLoanshallbeinanamountthatisanintegralmultipleof$500,000andnotlessthan$1,000,000.BorrowingsofmorethanoneTypeandClassmaybeoutstandingatthesametime;provided
thatthereshallnotatanytimebemorethanatotaloften(10)Eurocurrency
Term
Benchmark Borrowings
or RFR
Borrowings outstanding.
(d)   NotwithstandinganyotherprovisionofthisAgreement,noBorrowershallbeentitledtorequest,ortoelecttoconvertorcontinue,anyBorrowingiftheInterestPeriodrequestedwithrespect thereto would end after the Maturity Date.SECTION 2.03.   Requests for Borrowings
..  To request a Borrowing, the applicable Borrower, orthe Company on behalf of the applicable Borrower, shall notify the Administrative Agent of such request(a) by irrevocable written notice (via a written
submitting a
Borrowing Request in a form approved by the
Administrative
Agent
and
signed
or
authenticated
by
the
applicable
Borrower,
or
the
Company
on
behalf
of
the
applicable
Borrower,
promptly
followed
by
telephonic
confirmation
of
such
request
)
in
the
case
of
a
Eurocurrency
Borrowing
,
not
later
than
11:00
a.m.
,
Local
Time,
three
(3
)
Business
Days
(
in
the
case
of
a
Eurocurrency
Borrowing
denominated
in
Dollars
to
the
Company)
or
by
irrevocable
written
notice
(via
a
written
Borrowing
Request
in
a
form
approved
by
the
Administrative
Agent
and
signed
by
such
Borrower,
or
the
Company
on
its
behalf)
not
later
than
11:00
a.m.
,
Local
Time
,
four
(4)
Business
Days
(
in
the
case
of
a
Eurocurrency
Borrowing
denominated
in
a
Foreign
Currency
or
a
Eurocurrency
Borrowing
to
a
Foreign
Subsidiary
Borrower),
in
each
case
(i)(x)
in
the
case
of
a
Term
Benchmark
Borrowing
denominated
in
Dollars,
not
later
than
11:00 a.m.,
New
York
City
time,
three
U.S.
Government
Securities
Business
Days
beforethedateoftheproposedBorrowingor(y
)
in
the
case
of
an
RFR
Borrowing
denominated
in
Dollars
,
not
later
than
11:00
a.m.
New
York
City
time,
five
U.S.
Government Securities Business Days before the date of the proposed Borrowing, and (ii)
in the case of a
Term
Benchmark
Borrowing
denominated
in
Euros,
not
later
than
12:00
p.m.,
New York
City
time
,
four
(4)
Business
Days
before
the
date
of
the
proposed
Borrowing,
or
(
b) bytelephoneinthecaseofanABR
Borrowing,notlaterthan11:00
a.m
11:00 a.m
..,NewYorkCitytime,one(1)BusinessDaybeforethe
dateoftheproposedBorrowing;provided
thatanysuchnoticeofanABRRevolvingBorrowingtofinancethereimbursementofanLCDisbursementascontemplatedbySection2.06(e)maybegivennotlater than 10:00 a.m., New York City time, on the date of the proposed Borrowing.  Each such telephonicBorrowingRequestshallbeirrevocableandshallbeconfirmedpromptlybyhanddeliveryortelecopytotheAdministrativeAgentofawrittenBorrowingRequestinaformapprovedbytheAdministrativeAgentandsignedbytheapplicableBorrower,ortheCompanyonbehalfoftheapplicableBorrower.EachsuchtelephonicandwrittenBorrowingRequestshallspecifythefollowinginformationincompliance with Section 2.02:50






	
	(i)   the name of the applicable Borrower;(ii)   the Agreed Currency and
aggregate principal amount of the requested Borrowing;
(iii)   the date of such Borrowing, which shall be a Business Day;(iv)   whethersuchBorrowingistobeanABRBorrowingor
,
aEurocurrency
Term
Benchmark
Borrowing
or
an
RFR
BorrowingandwhethersuchBorrowingisaRevolving
Borrowing or a Delayed Draw Term Loan Borrowing;(v)   in the case of a Eurocurrency
TermBenchmark
Borrowing, the Agreed Currency
and
initialInterestPeriodtobeapplicablethereto,whichshallbeaperiodcontemplatedbythedefinition of the term “Interest Period”; and(vi)   the location and number of the applicable Borrower’s account to which funds are tobe disbursed, which shall comply with the requirements of Section 2.07.Ifnoelection
as
to
the
currency
of
a
Borrowing
is
specified,
then
the
requested
Borrowing
shall
be
made
in
Dollars.
If
no
electionastotheTypeofBorrowingisspecified,then,inthecaseofaBorrowing
denominatedinDollarstotheCompany,therequestedBorrowingshallbeanABRBorrowing.IfnoInterestPeriodisspecifiedwithrespecttoanyrequestedEurocurrency
Term
Benchmark
Borrowing,then
therelevantBorrowershallbedeemedtohaveselectedanInterestPeriodofonemonth’sduration.PromptlyfollowingreceiptofaBorrowingRequestinaccordancewiththisSection,theAdministrativeAgentshalladviseeachLenderofthedetailsthereofandoftheamountofsuchLender’sLoantobemadeaspartoftherequestedBorrowing.Notwithstanding
the
foregoing,
in
no
event
shall
any
Borrower
be
permitted
to
request
pursuant
to
this
Section
2.03,
a
CBR
Loan
or,
prior
to
a
Benchmark
Transition
Event
and
Benchmark
Replacement
Date
with
respect
to
the
Term
SOFR
Rate,
a
Daily
Simple
SOFR
Loan
(it
being
understood
and
agreed
that
a
Central
Bank
Rate
and
Daily
Simple
SOFR
shall
only
apply
to
the
extent
provided
in
Sections
2.08(e)
(solely
with
respect
to
the
Central
Bank
Rate),
2.14(a)
and
2.14(f)).
SECTION 2.04.   Determination
of
Dollar
Amounts
..TheDollarAmountofallLoans,Borrowings,LettersofCreditandLCExposure,asapplicable,denominatedinForeignCurrencieshereunder shall be determined on each Revaluation Date.SECTION 2.05.   Swingline
Loans
..(a)Subjecttothetermsandconditionssetforthherein,theSwinglineLendermayinitssolediscretionmakeSwinglineLoansinDollarstotheCompanyfromtimetotimeduringtheAvailabilityPeriod,inanaggregateprincipalamountatanytimeoutstandingthatwillnotresultin(i)theaggregateprincipalamountofoutstandingSwinglineLoansexceeding$15,000,000,(ii)theDollarAmountoftheSwinglineLender’sRevolvingCreditExposureexceedingitsRevolvingCommitmentor(iii)subjecttoSection2.04,theDollarAmountoftheTotalRevolvingCreditExposureexceedingtheaggregateRevolvingCommitments;provided
thattheSwinglineLendershallnotberequiredtomakeaSwinglineLoantorefinanceanoutstandingSwinglineLoan.Withintheforegoinglimitsandsubjecttothetermsandconditionssetforthherein,theCompanymayborrow,prepayandreborrow Swingline Loans.(b)   To request a Swingline Loan, the Company shall notify the Administrative Agent ofsuchrequestbytelephone(confirmedbytelecopy),notlaterthan12:00noon,NewYorkCitytime,onthedayofaproposedSwinglineLoan.Eachsuchnoticeshallbeirrevocableandshallspecifytherequesteddate(whichshallbeaBusinessDay)andamountoftherequestedSwinglineLoan.TheAdministrativeAgentwillpromptlyadvisetheSwinglineLenderofanysuchnoticereceivedfromthe51






	
	Company.TheSwinglineLendershallmakeeachSwinglineLoanavailabletotheCompanybymeansofacredittothegeneraldepositaccountoftheCompanywiththeSwinglineLender(or,inthecaseofaSwinglineLoanmadetofinancethereimbursementofanLCDisbursementasprovidedinSection2.06(e),byremittancetotheIssuingBank)by3:00p.m.,NewYorkCitytime,ontherequesteddateofsuch Swingline Loan.(c)   TheSwinglineLendermaybywrittennoticegiventotheAdministrativeAgentnotlaterthan10:00a.m.,NewYorkCitytime,onanyBusinessDayrequiretheRevolvingLenderstoacquire participations on such Business Day in all or a portion of the Swingline Loans outstanding.  SuchnoticeshallspecifytheaggregateamountofSwinglineLoansinwhichRevolvingLenderswillparticipate.Promptlyuponreceiptofsuchnotice,theAdministrativeAgentwillgivenoticethereoftoeachRevolvingLender,specifyinginsuchnoticesuchLender’sApplicablePercentageofsuchSwinglineLoanorLoans.EachRevolvingLenderherebyabsolutelyandunconditionallyagrees,uponreceiptofnoticeasprovidedabove,topaytotheAdministrativeAgent,fortheaccountoftheSwinglineLender,suchLender’sApplicablePercentageofsuchSwinglineLoanorLoans.EachRevolvingLenderacknowledgesandagreesthatitsobligationtoacquireparticipationsinSwinglineLoanspursuanttothisparagraphisabsoluteandunconditionalandshallnotbeaffectedbyanycircumstancewhatsoever,includingtheoccurrenceandcontinuanceofaDefaultorreductionorterminationoftheCommitments,andthateachsuchpaymentshallbemadewithoutanyoffset,abatement,withholdingorreductionwhatsoever.EachRevolvingLendershallcomplywithitsobligationunderthisparagraphbywiretransferofimmediatelyavailablefunds,inthesamemannerasprovidedinSection2.07withrespecttoLoansmadebysuchLender(andSection2.07shallapply,mutatis
mutandis
,tothepaymentobligationsof the Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts soreceivedbyitfromtheRevolvingLenders.TheAdministrativeAgentshallnotifytheCompanyofanyparticipationsinanySwinglineLoanacquiredpursuanttothisparagraph,andthereafterpaymentsinrespectofsuchSwinglineLoanshallbemadetotheAdministrativeAgentandnottotheSwinglineLender.AnyamountsreceivedbytheSwinglineLenderfromtheCompany(orotherpartyonbehalfoftheCompany)inrespectofaSwinglineLoanafterreceiptbytheSwinglineLenderoftheproceedsofasaleofparticipationsthereinshallbepromptlyremittedtotheAdministrativeAgent;anysuchamountsreceivedbytheAdministrativeAgentshallbepromptlyremittedbytheAdministrativeAgenttotheRevolvingLendersthatshallhavemadetheirpaymentspursuanttothisparagraphandtotheSwinglineLender,astheirinterestsmayappear;providedthatanysuchpaymentsoremittedshallberepaidtotheSwinglineLenderortotheAdministrativeAgent,asapplicable,ifandtotheextentsuchpaymentisrequiredtoberefundedtotheCompanyforanyreason.ThepurchaseofparticipationsinaSwinglineLoan pursuant to this paragraph shall not relieve the Company of any default in the payment thereof.(d)   TheSwinglineLendermaybereplacedatanytimebywrittenagreementamongtheCompany, the Administrative Agent, the replaced Swingline Lender and the successor Swingline Lender.TheAdministrativeAgentshallnotifytheLendersofanysuchreplacementoftheSwinglineLender.Atthetimeanysuchreplacementshallbecomeeffective,theCompanyshallpayallunpaidinterestaccruedfortheaccountofthereplacedSwinglineLenderpursuanttoSection2.13(a).Fromandaftertheeffectivedateofanysuchreplacement,(x) thesuccessorSwinglineLendershallhavealltherightsandobligationsofthereplacedSwinglineLenderunderthisAgreementwithrespecttoSwinglineLoansmade thereafter and (y) references herein to the term “Swingline Lender” shall be deemed to refer to suchsuccessorortoanypreviousSwinglineLender,ortosuchsuccessorandallpreviousSwinglineLenders,asthecontextshallrequire.AfterthereplacementoftheSwinglineLenderhereunder,thereplacedSwingline Lender shall remain a party hereto and shall continue to have all the rights and obligations of aSwinglineLenderunderthisAgreementwithrespecttoSwinglineLoansmadebyitpriortoitsreplacement, but shall not be required to make additional Swingline Loans.52






	
	(e)   SubjecttotheappointmentandacceptanceofasuccessorSwinglineLender,theSwinglineLendermayresignasSwinglineLenderatanytimeuponthirtydays’priorwrittennoticetotheAdministrativeAgent,theCompanyandtheLenders,inwhichcase,theSwinglineLendershallbereplaced in accordance with Section 2.05(d) above.SECTION 2.06.   Letters
of
Credit
..(a)General.Subjecttothetermsandconditionssetforthherein,theCompanymayrequesttheissuanceofLettersofCreditdenominatedinDollarsastheapplicantthereofforitsoritsSubsidiaries’obligations,inaformreasonablyacceptabletotheAdministrativeAgentandtheIssuingBank,atanytimeandfromtimetotimeduringtheAvailabilityPeriod.IntheeventofanyinconsistencybetweenthetermsandconditionsofthisAgreementandthetermsandconditionsofanyformofletterofcreditapplicationorotheragreementsubmittedbytheCompanyto,orenteredintobytheCompanywith,theIssuingBankrelatingtoanyLetterofCredit,thetermsandconditionsofthisAgreementshallcontrol.Notwithstandinganythinghereintothecontrary,theIssuingBankshallhavenoobligationhereundertoissue,andshallnotissue,anyLetterofCredittheproceedsofwhichwouldbemadeavailabletoanyPerson(i)tofundanyactivityorbusinessoforwithanySanctionedPerson,orinanycountryorterritorythat,atthetimeofsuchfunding,isthesubjectofanySanctionsor(ii)inanymannerthatwouldresultinaviolationofanySanctionsbyanypartytothisAgreement.TheCompanyunconditionallyandirrevocablyagreesthat,inconnectionwithanyLetterofCreditissuedforthesupportofanySubsidiary’sobligationsasprovidedinthefirstsentenceofthisparagraph,theCompanywillbefullyresponsibleforthereimbursementofLCDisbursementsinaccordancewiththetermshereof,thepaymentofinterestthereonandthepaymentoffeesdueunderSection2.12(b)tothesameextentasifitwerethesoleaccountpartyinrespectofsuchLetterofCredit(theCompanyherebyirrevocablywaivinganydefensesthatmightotherwisebeavailabletoitasaguarantororsuretyoftheobligationsofsuchaSubsidiarythatisanaccountpartyinrespectofanysuchLetter of Credit).(b)   Notice
of
Issuance,
Amendment,
Renewal,
Extension;
Certain
Conditions
..TorequesttheissuanceofaLetterofCredit(ortheamendment,renewalorextensionofanoutstandingLetterofCredit),theCompanyshallhanddeliverortelecopy(ortransmitbyelectroniccommunication,ifarrangementsfordoingsohavebeenapprovedbytheIssuingBank)totheIssuingBankandtheAdministrativeAgent(reasonablyinadvanceoftherequesteddateofissuance,amendment,renewalorextension)anoticerequestingtheissuanceofaLetterofCredit,oridentifyingtheLetterofCredittobeamended,renewedorextended,andspecifyingthedateofissuance,amendment,renewalorextension(which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall complywithparagraph(c)ofthisSection),theamountofsuchLetterofCredit,thenameandaddressofthebeneficiarythereofandsuchotherinformationasshallbenecessarytoprepare,amend,reneworextendsuchLetterofCredit.IfrequestedbytheIssuingBank,theCompanyalsoshallsubmitaletterofcreditapplicationontheIssuingBank’sstandardforminconnectionwithanyrequestforaLetterofCredit.ALetterofCreditshallbeissued,amended,renewedorextendedonlyif(anduponissuance,amendment,renewalorextensionofeachLetterofCredittheCompanyshallbedeemedtorepresentandwarrantthat),aftergivingeffecttosuchissuance,amendment,renewalorextension(i)theDollarAmountoftheLCExposureshallnotexceed$25,000,000,(ii)subjecttoSection2.04,theDollarAmountoftheTotalRevolvingCreditExposureshallnotexceedtheaggregateRevolvingCommitmentsand(iii)noLender’sDollarAmountofRevolvingCreditExposureshallexceeditsRevolvingCommitment.Notwithstandingthe foregoing or anything to the contrary contained herein, with respect to all Letters of Credit, no IssuingBank shall be obligated to issue or modify any Letter of Credit if, immediately after giving effect thereto,theoutstandingLCExposureinrespectofallLettersofCreditissuedbysuchIssuingBankanditsAffiliateswouldexceedsuchIssuingBank’sIssuingBankSublimit.Withoutlimitingtheforegoingandwithoutaffectingthelimitationscontainedherein,itisunderstoodandagreedthattheCompanymayfromtimetotimerequestthatanIssuingBankissueLettersofCreditinexcessofitsindividualIssuingBankSublimitineffectatthetimeofsuchrequest,andeachIssuingBankagreestoconsideranysuch53






	
	requestingoodfaith.AnyLetterofCreditsoissuedbyanIssuingBankinexcessofitsindividualIssuingBankSublimitthenineffectshallnonethelessconstituteaLetterofCreditforallpurposesoftheCreditAgreement,andshallnotaffecttheIssuingBankSublimitofanyotherIssuingBank,subjecttothelimitationsontheaggregateLCExposuresetforthinclause (i)ofthisSection 2.06(b).NoIssuingBankshallbeunderanyobligationtoissueanyLetterofCreditiftheissuanceoftheLetterofCreditwouldviolateoneormoreinternalpoliciesorproceduresofsuchIssuingBankapplicabletolettersofcredit generally.An Issuing Bank shall not be under any obligation to issue any Letter of Credit if:(i)anyorder,judgmentordecreeofanyGovernmentalAuthorityorarbitratorshallbyitstermspurporttoenjoinorrestrainsuchIssuingBankfromissuingsuchLetterofCredit,oranylawapplicabletosuchIssuingBankshallprohibit,orrequirethatsuchIssuingBankrefrainfrom,theissuanceoflettersofcreditgenerallyorsuchLetterofCreditinparticularorshallimposeuponsuchIssuingBankwithrespecttosuchLetterofCreditanyrestriction,reserveorcapitalrequirement(forwhichsuchIssuingBankisnototherwisecompensatedhereunder)notineffectontheRestatementEffectiveDate,orshallimposeuponsuchIssuingBankanyunreimbursedloss,costorexpensethatwasnotapplicableontheRestatementEffective Date and that such Issuing Bank in good faith deems material to it; or(ii)   theissuanceofsuchLetterofCreditwouldviolateoneormorepoliciesofsuchIssuing Bank applicable to letters of credit generally.(c)   Expiration
Date
..EachLetterofCreditshallexpire(orbesubjecttoterminationbynoticefromtheIssuingBanktothebeneficiarythereof)atorpriortothecloseofbusinessontheearlierof(i)thedateoneyearafterthedateoftheissuanceofsuchLetterofCredit(or,inthecaseofanyextensionthereof,oneyearafterthethen-currentdateatthetimeofsuchextension)and(ii)thedatethatisfive(5)BusinessDayspriortotheMaturityDate;provided
,thataLetterofCreditmayexpireuptooneyearbeyondtheMaturityDatesolongastheCompanycashcollateralizes105%oftheamountavailabletobedrawnundersuchLetterofCreditnolaterthanfive(5)BusinessDayspriortotheMaturityDateinthemannerdescribedinSection2.06(j)andotherwiseontermsreasonablysatisfactoryto the Administrative Agent.(d)   Participations
..  By the issuance of a Letter of Credit (or an amendment to a Letter ofCreditincreasingtheamountthereof)andwithoutanyfurtheractiononthepartoftheIssuingBankortheRevolvingLenders,theIssuingBankherebygrantstoeachRevolvingLender,andeachRevolvingLenderherebyacquiresfromtheIssuingBank,aparticipationinsuchLetterofCreditequaltosuchLender’sApplicablePercentageoftheaggregateDollarAmountavailabletobedrawnundersuchLetterof Credit.  In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutelyandunconditionallyagreestopaytotheAdministrativeAgent,fortheaccountoftheIssuingBank,suchLender’sApplicablePercentageofeachLCDisbursementmadebytheIssuingBankandnotreimbursedbytheCompanyonthedatedueasprovidedinparagraph(e)ofthisSection,orofanyreimbursementpaymentrequiredtoberefundedtotheCompanyforanyreason.EachRevolvingLenderacknowledgesandagreesthatitsobligationtoacquireparticipationspursuanttothisparagraphinrespectofLettersofCreditisabsoluteandunconditionalandshallnotbeaffectedbyanycircumstancewhatsoever,includinganyamendment,renewalorextensionofanyLetterofCreditortheoccurrenceandcontinuanceofaDefaultorreductionorterminationoftheCommitments,andthateachsuchpaymentshallbemadewithout any offset, abatement, withholding or reduction whatsoever.(e)   Reimbursement
..IftheIssuingBankshallmakeanyLCDisbursementinrespectofaLetterofCredit,theCompanyshallreimbursesuchLCDisbursementbypayingtotheAdministrative54






	
	AgentinDollarstheDollarAmountequaltosuchLCDisbursement,calculatedasofthedatetheIssuingBankmadesuchLCDisbursementnotlaterthan12:00noon,LocalTime,onthedatethatsuchLCDisbursementismade,iftheCompanyshallhavereceivednoticeofsuchLCDisbursementpriorto10:00a.m.,LocalTime,onsuchdate,or,ifsuchnoticehasnotbeenreceivedbytheCompanypriortosuchtimeonsuchdate,thennotlaterthan12:00noon,LocalTime,on(i)theBusinessDaythattheCompanyreceivessuchnotice,ifsuchnoticeisreceivedpriorto10:00a.m.,LocalTime,onthedayofreceipt,or(ii)theBusinessDayimmediatelyfollowingthedaythattheCompanyreceivessuchnotice,ifsuchnoticeisnotreceivedpriortosuchtimeonthedayofreceipt;provided
thattheCompanymay,subjecttotheconditionstoborrowingsetforthherein,requestinaccordancewithSection2.03or2.05thatsuchpaymentbefinancedwithanABRRevolvingBorrowingorSwinglineLoaninanequivalentDollarAmounttosuchLCDisbursementand,totheextentsofinanced,theCompany’sobligationtomakesuchpaymentshallbedischargedandreplacedbytheresultingABRRevolvingBorrowingorSwinglineLoan.IftheCompanyfailstomakesuchpaymentwhendue,theAdministrativeAgentshallnotifyeachRevolvingLenderoftheapplicableLCDisbursement,thepaymentthenduefromtheCompanyinrespectthereofandsuchLender’sApplicablePercentagethereof.Promptlyfollowingreceiptofsuchnotice,eachRevolvingLendershallpaytotheAdministrativeAgentitsApplicablePercentageofthepaymentthenduefromtheCompany,inthesamemannerasprovidedinSection2.07withrespecttoLoansmadebysuchLender(andSection2.07shallapply,mutatis
mutandis
,tothepaymentobligationsoftheRevolvingLenders),andtheAdministrativeAgentshallpromptlypaytotheIssuingBanktheamountssoreceivedbyitfromtheRevolvingLenders.PromptlyfollowingreceiptbytheAdministrativeAgentofanypaymentfromtheCompanypursuanttothisparagraph,theAdministrativeAgentshalldistributesuchpaymenttotheIssuingBankor,totheextentthatRevolvingLendershavemadepaymentspursuanttothisparagraphtoreimbursetheIssuingBank,thentosuchLendersandtheIssuingBankastheirinterestsmayappear.AnypaymentmadebyaRevolvingLenderpursuanttothisparagraphtoreimbursetheIssuingBankforanyLCDisbursement(otherthanthefundingofABRRevolvingLoansoraSwinglineLoanascontemplatedabove)shallnotconstituteaLoan and shall not relieve the Company of its obligation to reimburse such LC Disbursement.(f)   Obligations Absolute
..  The Company’s obligation to reimburse LC Disbursements asprovidedinparagraph(e)ofthisSectionshallbeabsolute,unconditionalandirrevocable,andshallbeperformedstrictlyinaccordancewiththetermsofthisAgreementunderanyandallcircumstanceswhatsoeverandirrespectiveof(i)anylackofvalidityorenforceabilityofanyLetterofCreditorthisAgreement,oranytermorprovisiontherein,(ii)anydraftorotherdocumentpresentedunderaLetterofCreditprovingtobeforged,fraudulentorinvalidinanyrespectoranystatementthereinbeinguntrueorinaccurateinanyrespect,(iii)paymentbytheIssuingBankunderaLetterofCreditagainstpresentationofadraftorotherdocumentthatdoesnotcomplywiththetermsofsuchLetterofCredit,or(iv)anyothereventorcircumstancewhatsoever,whetherornotsimilartoanyoftheforegoing,thatmight,butfortheprovisionsofthisSection,constitutealegalorequitabledischargeof,orprovidearightofsetoffagainst, the Company’s obligations hereunder.  Neither the Administrative Agent, the Revolving LendersnortheIssuingBank,noranyoftheirRelatedParties,shallhaveanyliabilityorresponsibilitybyreasonof or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to makeanypaymentthereunder(irrespectiveofanyofthecircumstancesreferredtointheprecedingsentence),oranyerror,omission,interruption,lossordelayintransmissionordeliveryofanydraft,noticeorothercommunicationunderorrelatingtoanyLetterofCredit(includinganydocumentrequiredtomakeadrawingthereunder),anyerrorininterpretationoftechnicaltermsoranyconsequencearisingfromcausesbeyondthecontroloftheIssuingBank;provided
thattheforegoingshallnotbeconstruedtoexcuse the Issuing Bank from liability to the Company to the extent of any direct damages (as opposed tospecial,indirect,consequentialorpunitivedamages,claimsinrespectofwhichareherebywaivedbytheCompanytotheextentpermittedbyapplicablelaw)sufferedbytheCompanythatarecausedbytheIssuingBank’sfailuretoexercisecarewhendeterminingwhetherdraftsandotherdocumentspresentedunderaLetterofCreditcomplywiththetermsthereof.Thepartiesheretoexpresslyagreethat,inthe55






	
	absenceofgrossnegligenceorwillfulmisconductonthepartoftheIssuingBank(asfinallydeterminedbyacourtofcompetentjurisdiction),theIssuingBankshallbedeemedtohaveexercisedcareineachsuchdetermination.Infurtheranceoftheforegoingandwithoutlimitingthegeneralitythereof,thepartiesagreethat,withrespecttodocumentspresentedwhichappearontheirfacetobeinsubstantialcompliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion, either acceptandmakepaymentuponsuchdocumentswithoutresponsibilityforfurtherinvestigation,regardlessofanynoticeorinformationtothecontrary,orrefusetoacceptandmakepaymentuponsuchdocumentsifsuch documents are not in strict compliance with the terms of such Letter of Credit.(g)   Disbursement
Procedures
..TheIssuingBankshall,promptlyfollowingitsreceiptthereof,examinealldocumentspurportingtorepresentademandforpaymentunderaLetterofCredit.TheIssuingBankshallpromptlynotifytheAdministrativeAgentandtheCompanybytelephone(confirmedbytelecopy)ofsuchdemandforpaymentandwhethertheIssuingBankhasmadeorwillmakeanLCDisbursementthereunder;provided
thatanyfailuretogiveordelayingivingsuchnoticeshallnotrelievetheCompanyofitsobligationtoreimbursetheIssuingBankandtheRevolvingLenderswith respect to any such LC Disbursement.(h)   Interim
Interest
..IftheIssuingBankshallmakeanyLCDisbursement,then,unlesstheCompanyshallreimbursesuchLCDisbursementinfullonthedatesuchLCDisbursementismade,theunpaidamountthereofshallbearinterest,foreachdayfromandincludingthedatesuchLCDisbursementismadetobutexcludingthedatethattheCompanyreimbursessuchLCDisbursement,attherateperannumthenapplicabletoABRRevolvingLoans;provided
that,iftheCompanyfailstoreimbursesuchLCDisbursementwhenduepursuanttoparagraph(e)ofthisSection,thenSection2.13(c)shallapply.InterestaccruedpursuanttothisparagraphshallbefortheaccountoftheIssuingBank,exceptthatinterestaccruedonandafterthedateofpaymentbyanyRevolvingLenderpursuanttoparagraph(e)ofthisSectiontoreimbursetheIssuingBankshallbefortheaccountofsuchLendertotheextent of such payment.(i)   Replacement and Resignation of Issuing Bank
..(j)   TheIssuingBankmaybereplacedatanytimebywrittenagreementamongtheCompany,theAdministrativeAgent,thereplacedIssuingBankandthesuccessorIssuingBank.TheAdministrativeAgentshallnotifytheRevolvingLendersofanysuchreplacementoftheIssuingBank.Atthetimeanysuchreplacementshallbecomeeffective,theCompanyshallpayallunpaidfeesaccruedfortheaccountofthereplacedIssuingBankpursuanttoSection2.12(b).Fromandaftertheeffectivedateofanysuchreplacement,(i)thesuccessorIssuingBankshallhavealltherightsandobligationsoftheIssuingBankunderthisAgreementwithrespecttoLettersofCredittobeissuedthereafterand(ii)referenceshereintotheterm“IssuingBank”shallbedeemedtorefertosuchsuccessorortoanypreviousIssuingBank,ortosuchsuccessorandallpreviousIssuingBanks,asthecontextshallrequire.AfterthereplacementofanIssuingBankhereunder,thereplacedIssuingBankshallremainapartyheretoandshallcontinuetohavealltherightsandobligationsofanIssuingBankunderthisAgreementwith respect to Letters of Credit then outstanding and issued by it prior to such replacement, but shall notbe required to issue additional Letters of Credit.(k)   SubjecttotheappointmentandacceptanceofasuccessorIssuingBank,theIssuingBankmayresignasanIssuingBankatanytimeuponthirtydays’priorwrittennoticetotheAdministrativeAgent,theCompanyandtheLenders,inwhichcase,suchIssuingBankshallbereplacedin accordance with Section 2.06(i)(i) above.(l)   Cash Collateralization
..  If any Event of Default shall occur and be continuing, on theBusinessDaythattheCompanyreceivesnoticefromtheAdministrativeAgentortheRequiredLenders56






	
	(or,ifthematurityoftheLoanshasbeenaccelerated,RevolvingLenderswithLCExposurerepresentinggreaterthan50%ofthetotalLCExposure)demandingthedepositofcashcollateralpursuanttothisparagraph,theCompanyshalldepositinanaccountwiththeAdministrativeAgent,inthenameoftheAdministrativeAgentandforthebenefitoftheRevolvingLenders(the“LC
Collateral
Account
 ”),anamount in cash equal to 105% of the Dollar Amount of the LC Exposure as of such date plus any accruedandunpaidinterestthereon;provided
thattheobligationtodepositsuchcashcollateralshallbecomeeffectiveimmediately,andsuchdepositshallbecomeimmediatelydueandpayable,withoutdemandorothernoticeofanykind,upontheoccurrenceofanyEventofDefaultwithrespecttotheCompanydescribedinclause(h)or(i)ofSection7.01.TheCompanyalsoshalldepositcashcollateralpursuanttothisparagraphasandtotheextentrequiredbySection2.11(b).SuchdepositshallbeheldbytheAdministrativeAgentascollateralforthepaymentandperformanceoftheSecuredObligations.TheAdministrativeAgentshallhaveexclusivedominionandcontrol,includingtheexclusiverightofwithdrawal,oversuchaccountandtheCompanyherebygrantstheAdministrativeAgentasecurityinterestintheLCCollateralAccount.Otherthananyinterestearnedontheinvestmentofsuchdeposits,whichinvestmentsshallbemadeattheoptionandsolediscretionoftheAdministrativeAgentandattheCompany’sriskandexpense,suchdepositsshallnotbearinterest.Interestorprofits,ifany,onsuchinvestmentsshallaccumulateinsuchaccount.MoneysinsuchaccountshallbeappliedbytheAdministrativeAgenttoreimbursetheIssuingBankforLCDisbursementsforwhichithasnotbeenreimbursedand,totheextentnotsoapplied,shallbeheldforthesatisfactionofthereimbursementobligationsoftheCompanyfortheLCExposureatsuchtimeor,ifthematurityoftheLoanshasbeenaccelerated(butsubjecttotheconsentofRevolvingLenderswithLCExposurerepresentinggreaterthan50%ofthetotalLCExposure),beappliedtosatisfyotherSecuredObligations.IftheCompanyisrequiredtoprovideanamountofcashcollateralhereunderasaresultoftheoccurrenceofanEventofDefault,suchamount(totheextentnotappliedasaforesaid)shallbereturnedtotheCompanywithinthree (3) Business Days after all Events of Default have been cured or waived.(m)   Letters
of
Credit
Issued
for
Account
of
Subsidiaries
..NotwithstandingthataLetterofCreditissuedoroutstandinghereundersupportsanyobligationsof,orisfortheaccountof,aSubsidiary,orstatesthataSubsidiaryisthe“accountparty,”“applicant,”“customer,”“instructingparty,” or the like of or for such Letter of Credit, and without derogating from any rights of the applicableIssuingBank(whetherarisingbycontract,atlaw,inequityorotherwise)againstsuchSubsidiaryinrespectofsuchLetterofCredit,theCompany(i) shallreimburse,indemnifyandcompensatetheapplicableIssuingBankhereunderforsuchLetterofCredit(includingtoreimburseanyandalldrawingsthereunder)asifsuchLetterofCredithadbeenissuedsolelyfortheaccountoftheCompanyand(ii) irrevocablywaivesanyandalldefensesthatmightotherwisebeavailabletoitasaguarantororsuretyofanyoralloftheobligationsofsuchSubsidiaryinrespectofsuchLetterofCredit.TheCompanyherebyacknowledgesthattheissuanceofsuchLettersofCreditforitsSubsidiariesinurestothebenefitoftheCompany,andthattheCompany’sbusinessderivessubstantialbenefitsfromthebusinesses of such Subsidiaries.(n)   Issuing
Bank
Agreements
..UnlessotherwiserequestedbytheAdministrativeAgent,eachIssuingBankshallreportinwritingtotheAdministrativeAgent(i)promptlyfollowingtheendofeachcalendarmonth,theaggregateamountofLettersofCreditissuedbyitandoutstandingattheendofsuchmonth,(ii)onorpriortoeachBusinessDayonwhichsuchIssuingBankexpectstoissue,amend,reneworextendanyLetterofCredit,thedateofsuchissuance,amendment,renewalorextension,andtheaggregatefaceamountoftheLetterofCredittobeissued,amended,renewedorextendedbyitandoutstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whethertheamountthereofchanged),itbeingunderstoodthatsuchIssuingBankshallnotpermitanyissuance,renewal,extensionoramendmentresultinginanincreaseintheamountofanyLetterofCredittooccurwithout first obtaining written confirmation from the Administrative Agent that it is then permitted underthisAgreement,(iii)oneachBusinessDayonwhichsuchIssuingBankmakesanypaymentunderany57






	
	LetterofCredit,thedateofsuchpaymentundersuchLetterofCreditandtheamountofsuchpayment,(iv)onanyBusinessDayonwhichtheBorrowerfailstoreimburseanypaymentunderanyLetterofCreditrequiredtobereimbursedtosuchIssuingBankonsuchday,thedateofsuchfailureandtheamount of such payment and (v) on any other Business Day, such other information as the AdministrativeAgent shall reasonably request.SECTION 2.07.   Funding
of
Borrowings
..(a)EachLendershallmakeeachLoantobemadebyithereunderontheproposeddatethereofbywiretransferofimmediatelyavailablefunds(i)inthecaseofLoansdenominatedinDollarstotheCompany,by12:00noon,NewYorkCitytime,totheaccountoftheAdministrativeAgentmostrecentlydesignatedbyitforsuchpurposebynoticetotheLendersand(ii)inthecaseofeachLoandenominatedinaForeignCurrencyortoaForeignSubsidiaryBorrower,by12:00noon,LocalTime,inthecityoftheAdministrativeAgent’sEurocurrencyPaymentOfficeforsuchcurrencyandBorrowerandatsuchEurocurrencyPaymentOfficeforsuchcurrencyandBorrower;provided
that(i)DelayedDrawTermLoansshallbemadeinasingleadvanceasprovidedinSection2.01(b)and(ii)SwinglineLoansshallbemadeasprovidedinSection2.05.TheAdministrativeAgentwillmakesuchLoansavailabletotherelevantBorrowerbypromptlycreditingtheamountssoreceived,inlikefunds,to(x)anaccountoftheCompanymaintainedwiththeAdministrativeAgentinNewYorkCityorChicagoanddesignatedbytherelevantBorrowerintheapplicableBorrowingRequest,inthecaseofLoansdenominatedinDollarstotheCompanyand(y)anaccountofsuchBorrowermaintainedwiththeAdministrativeAgentintherelevantjurisdictionanddesignatedbysuchBorrowerintheapplicableBorrowingRequest,inthecaseofLoansdenominatedinaForeignCurrencyortoaForeignSubsidiaryBorrower;provided
thatABRRevolvingLoansmadetofinancethereimbursementofanLCDisbursementasprovidedinSection2.06(e)shallberemittedbytheAdministrative Agent to the Issuing Bank.(b)   UnlesstheAdministrativeAgentshallhavereceivednoticefromaLenderpriortotheproposeddateofanyBorrowingthatsuchLenderwillnotmakeavailabletotheAdministrativeAgentsuchLender’sshareofsuchBorrowing,theAdministrativeAgentmayassumethatsuchLenderhasmadesuchshareavailableonsuchdateinaccordancewithparagraph(a)ofthisSectionandmay,inrelianceuponsuchassumption,makeavailabletotherelevantBorroweracorrespondingamount.Insuchevent,ifaLenderhasnotinfactmadeitsshareoftheapplicableBorrowingavailabletotheAdministrativeAgent,thentheapplicableLenderandsuchBorrowerseverallyagreetopaytotheAdministrativeAgentforthwithondemandsuchcorrespondingamountwithinterestthereon,foreachdayfromandincludingthedatesuchamountismadeavailabletosuchBorrowertobutexcludingthedateofpaymenttotheAdministrativeAgent,at(i)inthecaseofsuchLender,thegreateroftheFederal
Funds
Effective
applicable
Overnight
RateandaratedeterminedbytheAdministrativeAgentin
accordancewithbankingindustryrulesoninterbankcompensation(including
without
limitation
the
Overnight
Foreign
Currency
Rate
in
the
case
of
Loans
denominated
in
a
Foreign
Currency
)
or(ii)inthe
case of such Borrower, the interest rate applicable to ABR Loans, or in the case of Foreign Currencies, in
accordance
with
such
market
practice,
in
each
case,
as
applicable
..IfsuchLenderpayssuchamountto
theAdministrativeAgent,thensuchamountshallconstitutesuchLender’sLoanincludedinsuchBorrowing.SECTION 2.08.   Interest
Elections
..(a)EachBorrowinginitiallyshallbeoftheTypeand
Agreed
Currency
specifiedintheapplicableBorrowingRequestand,inthecaseofaEurocurrency
Term
Benchmark
Borrowing,shallhaveaninitialInterestPeriodasspecifiedinsuchBorrowingRequest.
Thereafter,therelevantBorrowermayelecttoconvertsuchBorrowingtoadifferentTypeortocontinuesuchBorrowingand,inthecaseofaEurocurrency
Term
Benchmark
Borrowing,mayelectInterest
Periodstherefor,allasprovidedinthisSection.ABorrowermayelectdifferentoptionswithrespecttodifferentportionsoftheaffectedBorrowing,inwhichcaseeachsuchportionshallbeallocatedratablyamongtheLendersholdingtheLoanscomprisingsuchBorrowing,andtheLoanscomprisingeachsuch58






	
	portion shall be considered a separate Borrowing.  This Section shall not apply to Swingline Borrowings,which may not be converted or continued.(b)   TomakeanelectionpursuanttothisSection,aBorrower,ortheCompanyonitsbehalf,shallnotifytheAdministrativeAgentofsuchelection(bytelephoneorirrevocablewrittennoticeinthecaseofaBorrowingdenominatedinDollarsorbyirrevocablewrittennotice(viaanInterestElectionRequestsignedbysuchBorrower,ortheCompanyonitsbehalf)inthecaseofaBorrowingdenominatedinaForeignCurrency)bythetimethataBorrowingRequestwouldberequiredunderSection2.03ifsuchBorrowerwererequestingaBorrowingoftheTyperesultingfromsuchelectiontobemadeontheeffectivedateofsuchelection.EachsuchtelephonicInterestElectionRequestshallbeirrevocableandshallbeconfirmedpromptlybyhanddeliveryortelecopytotheAdministrativeAgentofawrittenInterestElectionRequestsignedbytherelevantBorrower,ortheCompanyonitsbehalf.Notwithstandinganycontraryprovisionherein,thisSectionshallnotbeconstruedtopermitanyBorrower to (i) change the currency of any Borrowing, (ii) elect an Interest Period for Eurocurrency
Term
Benchmark
LoansthatdoesnotcomplywithSection 2.02(d)or(iii) convertanyBorrowingtoa
BorrowingofaTypenotavailableundertheClassofCommitmentspursuanttowhichsuchBorrowingwas made.(c)   EachtelephonicandwrittenInterestElectionRequestshallspecifythefollowinginformation in compliance with Section 2.02:(i)   thenameoftheapplicableBorrowerandtheAgreed
Currency
and
principal
amount
of the
Borrowing to which such Interest Election Request applies and, if different options are
being elected with respect to different portions thereof, the portions thereof to be allocated toeachresultingBorrowing(inwhichcasetheinformationtobespecifiedpursuanttoclauses(iii) and (iv) below shall be specified for each resulting Borrowing);(ii)   theeffectivedateoftheelectionmadepursuanttosuchInterestElectionRequest,which shall be a Business Day;(iii)   whethertheresultingBorrowingistobeanABRBorrowingor
a
Eurocurrency
,
in
the
case
of
Borrowings
denominated
in
Dollars,
or
a
Term
Benchmark
Borrowing
or
an
RFR
Borrowing; and(iv)   iftheresultingBorrowingisaEurocurrency
Term
Benchmark
Borrowing,the
InterestPeriodandAgreedCurrencytobeapplicabletheretoaftergivingeffecttosuchelection,whichInterestPeriodshallbeaperiodcontemplatedbythedefinitionoftheterm“Interest Period”.IfanysuchInterestElectionRequestrequestsaEurocurrency
Term
Benchmark
Borrowingbutdoesnot
specifyanInterestPeriod,thentheapplicableBorrowershallbedeemedtohaveselectedanInterestPeriodofonemonth’sduration.Notwithstanding
the
foregoing,
in
no
event
shall
any
Borrower
be
permitted
to
request
pursuant
to
this
Section
2.08(c)
a
CBR
Loan
or,
prior
to
a
Benchmark
Transition
Event
and
Benchmark
Replacement
Date
with
respect
to
the
Term
SOFR
Rate,
a
Daily
Simple
SOFR
Loan
(it
being
understood
and
agreed
that
a
Central
Bank
Rate
and
Daily
Simple
SOFR
shall
only
apply
to
the
extent
provided
in
Sections
2.08(e)
(solely
with
respect
to
the
Central
Bank
Rate),
2.14(a)
and
2.14(f)).
59






	
	(d)   PromptlyfollowingreceiptofanInterestElectionRequest,theAdministrativeAgentshalladviseeachLenderofthedetailsthereofandofsuchLender’sportionofeachresultingBorrowing.(e)   IftherelevantBorrowerfailstodeliveratimelyInterestElectionRequestwithrespecttoaEurocurrency
Term
Benchmark
Revolving
Borrowingin
Dollars
priortotheendofthe
InterestPeriodapplicablethereto,then,unlesssuchBorrowingisrepaidasprovidedherein,attheendofsuchInterestPeriod(i)
in
the
case
of
a
Borrowing
denominated
in
Dollars,
suchBorrowingshallbe
converted
to
an
ABR
Borrowing
and
(ii)
in
the
case
of
a
Borrowing
denominated
deemed
to
have
an
Interest
Period
that
is
one
month.
If
the
relevant
Borrower
fails
to
deliver
a
timely
and
complete
Interest
Election Request
with respect to a
TermBenchmark Borrowing
in a Foreign Currency (or in Dollars by a
Foreign
Subsidiary
Borrower)
in
respect
of
which
the
applicable
Borrower
shall
have
failed
to
deliver
an
Interest
Election
Request
priortothethird
(3rd)
Business
Day
preceding
the
endofsuch
the
Interest
Period,
such
therefor,
then,
unless
such
Term
Benchmark
Borrowing
is
repaid
as
provided
herein,
such
Borrower
shall
be
deemed
to
have
selected
that
such
Term
Benchmark
Borrowingshallautomatically
continue as a Eurocurrency
be continued as a
TermBenchmark
Borrowing in the same
its original
Agreed
CurrencywithanInterestPeriodofonemonthunless
(x)
such
Eurocurrency
Borrowing
is
or
was
repaid
in
accordance
with
Section
2.11
or
(y)
such
Borrower
shall
have
given
the
Administrative
Agent
an
Interest
Election
Request
requesting
that,
attheendofsuchInterestPeriod,
such
Eurocurrency
Borrowing
continue
as
a
Eurocurrency
Borrowing
for
the
same
or
another
Interest
Period.
Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing andtheAdministrativeAgent,attherequestoftheRequiredLenders,sonotifiestheCompany,then,solongasanEventofDefaultiscontinuing(i) nooutstandingBorrowingborrowed
by
the
Company
maybe
convertedtoorcontinuedasaEurocurrency
Term
Benchmark
Borrowing,
and
(ii) unlessrepaid,(x)
each
Eurocurrency
Term
Benchmark
Borrowingborrowed
by
the
Company
and
each
RFR
Borrowing,
in
each
case
denominated
in
Dollars,
shallbeconvertedtoanABRBorrowing(and
any
such
Eurocurrency
Borrowing
in
a
Foreign
Currency
shall
be
redenominated
in
Dollars
at
the
time
of
such
conversion)
at
at
theendoftheInterestPeriodapplicabletheretoand(iii)
unless
repaid,
each
Eurocurrency
y)
each
Term
Benchmark
Borrowingby
denominated
in
aForeignSubsidiary
Borrower
shall
automatically
be
continued as a
Eurocurrency Borrowing with an Interest Period
of one month.
Currency shall bear interest
at
the
Central
Bank
Rate
for
the
applicable
Agreed
Currency
plus
the
CBR
Spread;
provided
that,
if
the
Administrative
Agent
determines
(which
determination
shall
be
conclusive
and
binding
absent
manifest
error)
that
the
Central
Bank
Rate
for
the
applicable
Agreed
Currency
cannot
be
determined,
any
outstanding
affected
Term
Benchmark
Loans
denominated
in
any
Agreed
Currency
other
than
Dollars
shall
either
be
(1)
converted
to
an
ABR
Borrowing
denominated
in
Dollars
(in
an
amount
equal
to
the
Dollar
Amount
of
such
Foreign
Currency)
at
the
end
of
the
Interest
Period,
as
applicable,
therefor
or
(2)
prepaid
at
the
end
of
the
applicable
Interest
Period,
as
applicable,
in
full;
provided
that
if
no
election
is
made
by
the
relevant
Borrower
by
the
earlier
of
(A)
the
date
that
is
three
Business
Days
after
receipt
by
the
Company
of
such
notice
and
(B)
the
last
day
of
the
current
Interest
Period
for
the
applicable
Term
Benchmark Loan,
such
Borrower shall be deemed to have elected clause (1) above.
(f)
N
otwithstanding
anything
in
this
Agreement
or
any
other
Loan
Document
to
the
contrary,
interest
on
all
 “Eurocurrency
Loans”
outstanding
immediately
prior
to
the
Amendment
No.
1
Effective
Date
shall
continue
to
accrue
and
be
paid
based
upon
the
 “Adjusted
LIBO
Rate
 ”
applicable
pursuant
to
the
terms
of
this
Agreement
as
in
effect
immediately
prior
to
the
Amendment
No.
1
Effective
Date (the “Existing Agreement”),
solely until the expiration of the current “Interest Period” (as defined in
the Existing Agreement and taking into account any grace periods or extensions of such “Interest Period”
approved
prior
to
the
Amendment
No.
1
Effective
Date)
applicable
thereto
(at
which
time
such
Eurocurrency
Loans
may
be
reborrowed
as
or
converted
to
ABR
Borrowings
or
Term
Benchmark
Borrowings in accordance with this Section 2.08).
60






	
	61
September 30, 2022
$1,250,000
December 31, 2021
Principal Amount
December 31, 2022
$625,000
$1,250,000
SECTION 2.09.   Termination
and
Reduction
of
Commitments
..(a)Unlesspreviouslyterminated,(i)theaggregateDelayedDrawTermLoanCommitmentsshallbeautomaticallyandpermanentlyreducedtozeroonthedateanyDelayedDrawTermLoansaremadepursuanttoSection2.01(b),andinanyeventshallbeautomaticallyandpermanentlyreducedtozeroontheDelayedDrawTermLoan Termination Date and (ii) all other Commitments shall terminate on the Maturity Date.(b)   TheCompanymayatanytimeterminate,orfromtimetotimereduce,theRevolvingCommitmentsortheDelayedDrawTermLoanCommitments;providedthat(i)eachreductionoftheapplicableCommitmentsshallbeinanamountthatisanintegralmultipleof$1,000,000andnotlessthan$5,000,000and(ii)theCompanyshallnotterminateorreducetheRevolvingCommitmentsif,aftergivingeffecttoanyconcurrentprepaymentoftheLoansinaccordancewithSection2.11,theDollarAmountoftheTotalRevolvingCreditExposurewouldexceedtheaggregateRevolving Commitments.(c)   TheCompanyshallnotifytheAdministrativeAgentofanyelectiontoterminateorreducetheCommitmentsunderparagraph(b)ofthisSectionatleastthree(3)BusinessDayspriortotheeffectivedateofsuchterminationorreduction,specifyingsuchelectionandtheeffectivedatethereof.Promptlyfollowingreceiptofanynotice,theAdministrativeAgentshalladvisetheLendersofthecontentsthereof.EachnoticedeliveredbytheCompanypursuanttothisSectionshallbeirrevocable;provided
thatanoticeofterminationoftheCommitmentsdeliveredbytheCompanymaystatethatsuchnoticeisconditionedupontheeffectivenessofothercreditfacilitiesorothertransactionsspecifiedtherein,inwhichcasesuchnoticemayberevokedbytheCompany(bynoticetotheAdministrativeAgentonorpriortothespecifiedeffectivedate)ifsuchconditionisnotsatisfied.AnyterminationorreductionoftheCommitmentsshallbepermanent.EachreductionoftheCommitmentsshallbemaderatably among the Lenders in accordance with their respective Commitments.SECTION 2.10.   Repayment and Amortization of Loans; Evidence of Debt
..  (a)   Each Borrowerhereby unconditionally promises to pay (i) to the Administrative Agent for the account of each RevolvingLenderthethenunpaidprincipalamountofeachRevolvingLoanmadetosuchBorrowerontheMaturityDateinthecurrencyofsuchLoanand(ii)inthecaseoftheCompany,totheSwinglineLenderthethenunpaidprincipalamountofeachSwinglineLoanontheearlieroftheMaturityDateandthefirstdateaftersuchSwinglineLoanismadethatisthe15thorlastdayofacalendarmonthandisatleasttwoBusinessDaysaftersuchSwinglineLoanismade;provided
thatoneachdatethataRevolvingBorrowingismade,theCompanyshallrepayallSwinglineLoansthenoutstandingandtheproceedsofanysuchBorrowingshallbeappliedbytheAdministrativeAgenttorepayanySwinglineLoansoutstanding.  The Company shall repay the Delayed Draw Term Loans on each date set forth below in theaggregateprincipalamountsetforthoppositesuchdate(asadjustedfromtimetotimepursuanttoSection 2.11(a) and Section 2.11(d)):
March 31, 2023
$1,250,000
March 31, 2022
June 30, 2023
$625,000
$1,250,000
September 30, 2021
September 30, 2023
$1,250,000
June 30, 2022
$625,000
December 31, 2023
$625,000
$1,250,000
Date






	
	62
March 31, 2025
$1,875,000
$1,250,000
June 30, 2025
September 30, 2024
$1,875,000
$1,875,000
September 30, 2025
$2,500,000
December 31, 2025
December 31, 2024
$2,500,000
June 30, 2024
$1,875,000
March 31, 2026
March 31, 2024
$2,500,000
Totheextentnotpreviouslyrepaid,allunpaidDelayedDrawTermLoansshallbepaidinfullinDollarsby the Company on the Maturity Date.(b)   EachLendershallmaintaininaccordancewithitsusualpracticeanaccountoraccountsevidencingtheindebtednessofeachBorrowertosuchLenderresultingfromeachLoanmadebysuchLender,includingtheamountsofprincipalandinterestpayableandpaidtosuchLenderfromtime to time hereunder.(c)   TheAdministrativeAgentshallmaintainaccountsinwhichitshallrecord(i)theamountofeachLoanmadehereunder,theClass,AgreedCurrencyandTypethereofandtheInterestPeriodapplicablethereto,(ii)theamountofanyprincipalorinterestdueandpayableortobecomedueandpayablefromeachBorrowertoeachLenderhereunderand(iii)theamountofanysumreceivedbythe Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.(d)   Theentriesmadeintheaccountsmaintainedpursuanttoparagraph(b)or(c)ofthisSectionshallbeprima
facie
evidenceoftheexistenceandamountsoftheobligationsrecordedtherein;provided
thatthefailureofanyLenderortheAdministrativeAgenttomaintainsuchaccountsoranyerror therein shall not in any manner affect the Obligations.(e)   AnyLendermayrequestthatLoansmadebyittoanyBorrowerbeevidencedbyapromissorynote.Insuchevent,therelevantBorrowershallprepare,executeanddelivertosuchLenderapromissorynotepayabletotheorderofsuchLender(or,ifrequestedbysuchLender,tosuchLenderanditsregisteredassigns)andintheformattachedheretoasExhibitL.Thereafter,theLoansevidencedbysuchpromissorynoteandinterestthereonshallatalltimes(includingafterassignmentpursuanttoSection9.04)berepresentedbyoneormorepromissorynotesinsuchformpayabletotheorderofthepayeenamedtherein(or,ifsuchpromissorynoteisaregisterednote,tosuchpayeeanditsregisteredassigns).SECTION 2.11.   Prepayment of Loans
..(a)   AnyBorrowershallhavetherightatanytimeandfromtimetotimetoprepayanyBorrowinginwholeorinpart,subjecttopriornoticeinaccordancewiththeprovisionsofthisSection2.11(a).  The applicable Borrower, or the Company on behalf of the applicable Borrower, shall notify theAdministrativeAgent(and,inthecaseofprepaymentofaSwinglineLoan,theSwinglineLender)bywrittennotice(promptlyfollowedbytelephonicconfirmationofsuchrequest)ofanyprepaymenthereunder(i)(
x
)
inthecaseofprepaymentof(1)
aEurocurrency
Term
Benchmark
Borrowing
denominated
in
Dollars
,notlaterthan11:00
a.m.,
Local
Time
11:00 a.m.,
New
York
City
time
,three(3)
BusinessDays(in
the
case
of
a
Eurocurrency
before
the
date
of
prepayment
or
(2)
an
RFR
Borrowing
denominated in Dollars) or
, not later than 11:00 a.m.
New York City time,
five (5
)
Business Days
before
the
date
of
prepayment,
and
(y)
in
the
case
of
prepayment
of
a
Term
Benchmark
Borrowing
denominated
in
Euros,
not
later
than
12:00
p.m.,
New
York
City
time,
four(4)BusinessDays(in
the
case
of
a
$1,250,000






	
	Eurocurrency
Borrowing
denominated
in
a
Foreign
Currency),
in
each
case
beforethedateof
prepayment,(ii)inthecaseofprepaymentofanABRBorrowing,notlaterthan11:00a.m.,NewYorkCitytime,oneBusinessDaybeforethedateofprepaymentor(iii)inthecaseofprepaymentofaSwinglineLoan,notlaterthan12:00noon,NewYorkCitytime,onthedateofprepayment.EachsuchnoticeshallbeirrevocableandshallspecifytheprepaymentdateandtheprincipalamountofeachBorrowingorportionthereoftobeprepaid;provided
that,ifanoticeofprepaymentisgiveninconnectionwithaconditionalnoticeofterminationoftheCommitmentsascontemplatedbySection2.09,thensuchnoticeofprepaymentmayberevokedifsuchnoticeofterminationisrevokedinaccordance with Section 2.09.  Promptly following receipt of any such notice relating to a Borrowing, theAdministrativeAgentshalladvisetheLendersofthecontentsthereof.EachpartialprepaymentofanyBorrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of thesameTypeasprovidedinSection2.02.EachprepaymentofaRevolvingBorrowingshallbeappliedratably to the Revolving Loans included in the prepaid Revolving Borrowing, each voluntary prepaymentofaDelayedDrawTermLoanBorrowingshallbeappliedratablytotheDelayedDrawTermLoansoftheapplicableClassincludedintheprepaidDelayedDrawTermLoanBorrowinginsuchorderofapplicationasdirectedbytheCompany,andeachmandatoryprepaymentofaDelayedDrawTermLoanBorrowing shall be applied in accordance with Section 2.11(d).  Prepayments shall be accompanied by (i)accruedinteresttotheextentrequiredbySection2.13and(ii)breakfundingpaymentspursuanttoSection 2.16.(b)   Ifatanytime,(i)otherthanasaresultoffluctuationsincurrencyexchangerates,thesumoftheaggregateprincipalDollarAmountofalloftheRevolvingCreditExposures(calculated,with respect to those Credit Events denominated in Foreign Currencies, as of the most recent RevaluationDatewithrespecttoeachsuchCreditEvent)exceedstheaggregateRevolvingCommitmentsor(ii)solelyasaresultoffluctuationsincurrencyexchangerates,thesumoftheaggregateprincipalDollarAmountofalloftheRevolvingCreditExposures(socalculated)exceeds105%oftheaggregateRevolvingCommitments,theBorrowersshallineachcaseimmediatelyrepayRevolvingBorrowingsorcashcollateralizeLCExposureinanaccountwiththeAdministrativeAgentpursuanttoSection2.06(j),asapplicable,inanaggregateprincipalamountsufficienttocausetheaggregateDollarAmountofallRevolvingCreditExposures(socalculated)tobelessthanorequaltotheaggregateRevolvingCommitments.(c)   In the event and on each occasion that any Net Proceeds are received by or on behalfof the Company or any of its Subsidiaries in respect of any Prepayment Event, the Company shall, withinthree(3)BusinessDaysaftersuchNetProceedsarereceived,prepaytheObligationsassetforthinSection 2.11(d)belowinanaggregateamountequalto100%ofsuchNetProceeds;provided
that,inthecaseofanyeventdescribedinclause(b)ofthedefinitionoftheterm“PrepaymentEvent”,iftheCompanyshalldelivertotheAdministrativeAgentacertificateofanAuthorizedOfficertotheeffectthattheCompanyoritsrelevantSubsidiariesintendstoapplytheNetProceedsfromsuchevent(oraportionthereofspecifiedinsuchcertificate),within365daysafterreceiptofsuchNetProceeds,toacquire(orreplaceorrebuild)realproperty,equipmentorothertangibleassets(excludinginventory)tobe used in the business of the Companyand/or its Subsidiaries, and certifying that no Default or Event ofDefaulthasoccurredandiscontinuing,thennoprepaymentshallberequiredpursuanttothisparagraphinrespectoftheNetProceedsspecifiedinsuchcertificate;provided
,further
thattotheextentofanysuch Net Proceeds therefrom that have not been so applied by the end of such 365-day period (or within aperiodof180daysthereafterifbytheendofsuchinitial365-dayperiodtheCompanyoroneormoreSubsidiariesshallhaveenteredintoanagreementwithanunaffiliatedthirdpartytoacquiresuchassetswithsuchNetProceeds),atwhichtimeaprepaymentshallberequiredinanamountequaltosuchNetProceeds that have not been so applied.63






	
	(d)   All such amounts pursuant to Section2.11(c) shall be applied (x) first
,to prepay theDelayedDrawTermLoansintheinverseorderofmaturityand(y)second
,torepaytheRevolvingLoans(including Swingline Loans) ratably without a reduction in the Revolving Commitments.  Prepayments ofthe Delayed Draw Term Loans may not be reborrowed.(e)   NotwithstandinganythinginthisSection2.11tothecontrary,(i)theBorrowersshallnotberequiredtoprepayanyamountthatwouldotherwiseberequiredtobepaidpursuanttothisSection2.11totheextentthat(A)therelevantassetdispositiondescribedinclause(a)ofthedefinitionofPrepaymentEventisconsummatedbyanyForeignSubsidiary,or(B)therelevanteventsdescribedinclause(b)ofthedefinitionofPrepaymentEventproduceNetProceedsreceivedbyanyForeignSubsidiary,asthecasemaybe,solelytotheextentandforsolongastherepatriationtotheCompanyofanysuchamountorapplicationofanysuchamounttotheObligationsofanyForeignSubsidiaryBorrowerwouldbeprohibitedunderanylaw,regulationororderofanyGovernmentalAuthorityorconflictwiththefiduciarydutiesofsuchForeignSubsidiary’sdirectors,orresultin,orcouldreasonablybeexpectedtoresultin,amaterialriskofpersonalorcriminalliabilityforanyofficer,director,employee,manager,memberofmanagementorconsultantofsuchForeignSubsidiary(theBorrowersherebyagreetocausetheapplicableForeignSubsidiarytopromptlytakeallcommerciallyreasonableactionsrequiredbyapplicablelaw,regulationororderofsuchGovernmentalAuthoritytopermitsuchrepatriationorapplicationofproceeds);itbeingunderstoodthatoncetherepatriationoftherelevantaffectedNetProceedsorapplicationofanysuchamounttotheObligationsofanyForeignSubsidiaryBorrower,asthecasemaybe,ispermittedundertheapplicablelaw,regulationororderofsuchGovernmentalAuthorityand,totheextentapplicable,wouldnolongerconflictwiththefiduciarydutiesofsuchdirector,orresultin,orcouldreasonablybeexpectedtoresultin,amaterialriskofpersonalorcriminalliabilityforthePersonsdescribedabove,therelevantForeignSubsidiarywillpromptly(andinanyeventnotlaterthantwo(2)BusinessDaysaftersuchrepatriationorapplicationofproceedswouldbepermitted)(netofadditionalTaxespayableorreservedagainstasaresultthereof)causetheapplicationofanysuchamounttotherepaymentoftheObligationsasrequiredpursuanttoSection2.11(c),and(ii)iftheBorrowersdetermineingoodfaiththattherepatriationtotheCompanyofanyamounts required to make the repayment of the Obligations as required pursuant to Section 2.11(c) wouldresultinmaterialandadversetaxconsequences,takingintoaccountanyforeigntaxcreditorbenefitactuallyrealizedinconnectionwithsuchrepatriation(suchamount,a“Restricted
Amount
 ”),asreasonablydeterminedbytheCompany,theamounttheBorrowersshallberequiredtomandatorilyprepaypursuanttoSection2.11(c)shallbereducedbytheRestrictedAmountuntilsuchtimeasitmayrepatriatetotheCompanytheRestrictedAmountwithoutincurringsuchmaterialandadversetaxliability;providedthattotheextentthattherepatriationofanyNetProceedsfromtherelevantForeignSubsidiarywouldnolongerhaveanadversetaxconsequence,anamountequaltotheNetProceedsnotpreviouslyappliedpursuanttotheObligations,shallbepromptly(anyinanyeventwithintwo(2)BusinessDaysaftersuchrepatriationispermitted)appliedtotherepaymentoftheObligationspursuantto Section 2.11(c).SECTION 2.12.   Fees
..(a)TheCompanyagreestopaytotheAdministrativeAgentfortheaccountofeachLenderafacilityfee,whichshallaccrueattheApplicableRateonthedailyamountoftheRevolvingCommitmentofsuchLender(whetherusedorunused)duringtheperiodfromandincludingtheRestatementEffectiveDatetobutexcludingthedateonwhichsuchRevolvingCommitmentterminates;provided
that,ifsuchLendercontinuestohaveanyRevolvingCreditExposureafteritsRevolvingCommitmentterminates,thensuchfacilityfeeshallcontinuetoaccrueonthedailyamountofsuchLender’sRevolvingCreditExposurefromandincludingthedateonwhichitsRevolvingCommitmentterminatestobutexcludingthedateonwhichsuchLenderceasestohaveanyRevolvingCreditExposure;provided
further
thatnofacilityfeeshallbepaidtoaDefaultingLenderasprovidedinSection2.24(a).AccruedfacilityfeesshallbepayableinarrearsonthelastdayofMarch,June,SeptemberandDecemberofeachyearandonthedateonwhichanyRevolvingCommitmentsterminate,64






	
	commencingonthefirstsuchdatetooccurafterthedatehereof;provided
thatanyfacilityfeesaccruingafterthedateonwhichanyRevolvingCommitmentsterminateshallbepayableondemand.Allfacilityfeesshallbecomputedonthebasisofayearof360daysandshallbepayablefortheactualnumberofdays elapsed (including the first day but excluding the last day).(b)   TheCompanyagreestopay(i)totheAdministrativeAgentfortheaccountofeachRevolvingLenderaparticipationfeewithrespecttoitsparticipationsinLettersofCredit,whichshallaccrueatthesameApplicableRateusedtodeterminetheinterestrateapplicabletoEurocurrency
Term
Benchmark
RevolvingLoansontheaveragedailyDollarAmountofsuchLender’sLCExposure
(excludinganyportionthereofattributabletounreimbursedLCDisbursements)duringtheperiodfromandincludingtheRestatementEffectiveDatetobutexcludingthelaterofthedateonwhichsuchRevolvingLender’sRevolvingCommitmentterminatesandthedateonwhichsuchLenderceasestohaveanyLCExposure,and(ii)totheIssuingBankforitsownaccountafrontingfee,whichshallaccrueatarateperannumseparatelyagreeduponbetweentheCompanyandtheIssuingBankontheaveragedailyDollarAmountoftheLCExposure(excludinganyportionthereofattributabletounreimbursedLCDisbursements) during the period from and including the RestatementEffective Date to but excluding thelaterofthedateofterminationoftheRevolvingCommitmentsandthedateonwhichthereceasestobeanyLCExposure,aswellastheIssuingBank’sstandardfeesandcommissionswithrespecttotheissuance, amendment, cancellation, negotiation, transfer, presentment, renewal or extension of any LetterofCreditorprocessingofdrawingsthereunder.ParticipationfeesandfrontingfeesaccruedthroughandincludingthelastdayofMarch,June,SeptemberandDecemberofeachyearshallbepayableonthethird(3rd)BusinessDayfollowingsuchlastday,commencingonthefirstsuchdatetooccuraftertheRestatementEffectiveDate;provided
thatallsuchfeesshallbepayableonthedateonwhichtheRevolvingCommitmentsterminateandanysuchfeesaccruingafterthedateonwhichtheRevolvingCommitmentsterminateshallbepayableondemand.AnyotherfeespayabletotheIssuingBankpursuanttothisparagraphshallbepayablewithinten(10)daysafterdemand.Allparticipationfeesandfrontingfeesshallbecomputedonthebasisofayearof360daysandshallbepayablefortheactualnumber of days elapsed (including the first day but excluding the last day).(c)   TheCompanyagreestopaytotheAdministrativeAgent,foritsownaccount,feespayableintheamountsandatthetimesseparatelyagreeduponbetweentheCompanyandtheAdministrative Agent.(d)   Allfeespayablehereundershallbepaidonthedatesdue,inDollars(exceptasotherwiseexpresslyprovidedinthisSection)andimmediatelyavailablefunds,totheAdministrativeAgent (or to the Issuing Bank, in the case of fees payable to it) for distribution, in the case of facility feesand participation fees, to the Lenders.  Fees paid shall not be refundable under any circumstances.SECTION 2.13.   Interest
..  (a)   The Loans comprising each ABR Borrowing shall bear interest attheAlternateBaseRateplustheApplicableRate.EachSwinglineLoanshallbearinterestattheAlternateBaseRateplustheApplicableRateoranalternateinterestrateagreeduponbetweentheCompany and the Swingline Lender.(b)   TheLoanscomprisingeachEurocurrency
Term
Benchmark
Borrowingshallbear
interestattheAdjustedLIBO
Term
SOFR
RateortheAdjustedEURIBORRate,asapplicableforthe
InterestPeriodineffectforsuchBorrowingplustheApplicableRate.Each
RFR
Loan
shall
bear
interest
at a rate per annum equal to the applicable Adjusted Daily Simple RFR plus the Applicable Rate.
(c)   Notwithstanding the foregoing, if any principal of or interest on any Loan or any feeorotheramountpayablebyanyBorrowerhereunderisnotpaidwhendue,whetheratstatedmaturity,upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment,65






	
	atarateperannumequalto(i)inthecaseofoverdueprincipalofanyLoan,2%plustherateotherwiseapplicabletosuchLoanasprovidedintheprecedingparagraphsofthisSectionor(ii)inthecaseofanyother amount, 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section.(d)   AccruedinterestoneachLoanshallbepayableinarrearsoneachInterestPaymentDateforsuchLoanand,inthecaseofRevolvingLoans,uponterminationoftheRevolvingCommitments; provided
that (i) interest accrued pursuant to paragraph (c) of this Section shall be payableondemand,(ii)intheeventofanyrepaymentorprepaymentofanyLoan(otherthanaprepaymentofanABRRevolvingLoanpriortotheendoftheAvailabilityPeriod),accruedinterestontheprincipalamountrepaidorprepaidshallbepayableonthedateofsuchrepaymentorprepaymentand(iii)intheeventofanyconversionofanyEurocurrency
Term
Benchmark
Loanpriortotheendofthecurrent
InterestPeriodtherefor,accruedinterestonsuchLoanshallbepayableontheeffectivedateofsuchconversion.(e)   Allinteresthereundershallbecomputedonthebasisofayearof360days,exceptthatinterestcomputedbyreferencetotheAlternateBaseRateattimeswhentheAlternateBaseRateisbasedonthePrimeRateshallbecomputedonthebasisofayearof365days(or366daysinaleapyear)andshallbepayablefortheactualnumberofdayselapsed(includingthefirstdaybutexcludingthelastday).All
interest
hereunder
on
any
Loan
shall
be
computed
on
a
daily
basis
based
upon
the
outstanding
principal
amount
of
such
Loan
as
of
the
applicable
date
of
determination.
TheapplicableAlternateBase
Rate,AdjustedLIBO
Term
SOFR
Rate,LIBO
Term
SOFR
Rate,AdjustedEURIBORRateor
,
EURIBOR
Rate,
Adjusted
Daily
Simple
RFR
or
Daily
Simple
RFR
shallbedeterminedbytheAdministrative
Agent, and such determination shall be conclusive absent manifest error.SECTION 2.14.   Alternate
Rate
of
Interest
..(a)Subjecttoclauses(b),(c),(d),(e),
and
(f)and
(g)
ofthisSection2.14,ifprior
to
the
commencement
of
any
Interest
Period
for
a
Eurocurrency
Borrowing
:
(i)
(i)
theAdministrativeAgentdetermines(whichdeterminationshallbe
conclusive absent manifest error) (A) prior to the commencement of any Interest Period for a
Term
Benchmark
Borrowing,
thatadequateandreasonablemeansdonotexistfor
ascertaining the Adjusted LIBO
TermSOFR
Rate, the LIBO Rate,
or
the Adjusted EURIBOR
Rate or the EURIBOR Rate, as applicable
(including because the Relevant Screen Rate is not
availableorpublishedonacurrentbasis),fortheapplicableAgreedCurrencyandsuchInterestPeriodor
(B)
at
any
time,
that
adequate
and
reasonable
means
do
not
exist
for
ascertaining the applicable Adjusted Daily Simple RFR
; or
(ii)
(ii)
theAdministrativeAgentisadvisedbytheRequiredLendersthatthe
Adjusted
LIBO
Rate,
the
LIBO
(A)
prior
to
the
commencement
of
any
Interest
Period
for
a
Term
Benchmark
Borrowing,
the
Adjusted
Term
SOFR
Rate,
or
theAdjustedEURIBOR
Rateor
the
EURIBOR
Rate,
as
applicable,
fortheapplicableAgreedCurrencyandsuch
InterestPeriodwillnotadequatelyandfairlyreflectthecosttosuchLenders(or
Lender)
of
makingormaintainingtheirLoans(or
its
Loan)
includedinsuchBorrowingforthe
applicableAgreedCurrencyandsuchInterestPeriodor
(B)
at
any
time,
the
applicable
Adjusted
Daily
Simple
RFR
or
RFR
will
not
adequately
and
fairly
reflect
the
cost
to
such
Lenders of making or maintaining their Loans included in the applicable RFR Borrowing
;
thentheAdministrativeAgentshallgivenoticethereoftotheCompanyandtheLendersbytelephone,telecopyorelectronicmailaspromptlyaspracticablethereafterand,until(x)
theAdministrativeAgent
notifiestheCompanyandtheLendersthatthecircumstancesgivingrisetosuchnoticenolongerexist,
(A
with
respect
to
the
relevant
Benchmark
and
(y)
the
relevant
Borrower
or
the
Company
on
behalf
of
66






	
	such Borrower delivers a new Interest Election Request in accordance with the terms of Section 2.08 or a
new
Borrowing
Request
in
accordance
with
the
terms
of
Section
2.03,
(A)
for
Loans
denominated
in
Dollars,
(1
)anyInterestElectionRequestthatrequeststheconversionofanyBorrowingto,or
continuationofanyBorrowingas,aEurocurrency
Borrowing
in
the
applicable
currency
or
for
the
applicable Interest Period
, as the case may be,
shall be ineffective, (B) if
TermBenchmark Borrowing and
anyBorrowingRequestthat
requestsaEurocurrency
Borrowing
in
Dollars,
such
Borrowing
shall
be
made
as
an
ABR Borrowing,
and
(C)
if
Term
Benchmark
Borrowing
shall
instead
be
deemed
to
be
an
Interest
Election
Request
or
a
Borrowing
Request
,
as
applicable,
for
(x)
an
RFR
Borrowing
denominated
in
Dollars
so
long
as
the
Adjusted
Daily
Simple
RFR
for
Dollar
Borrowings
is
not
also
the
subject
of
Section
2.14(a)(i)
or
(ii)
above
or
(y)
an
ABR
Borrowing
if
the
Adjusted
Daily
Simple
RFR
for
Dollar
Borrowings also is the subject of Section 2.14(a)(i) or (ii) above and (2)
any Borrowing Request requests
a
Eurocurrency
Borrowing
that
requests
an
RFR
Borrowing
shall
instead
be
deemed
to
be
a
Borrowing
Request
,
as
applicable,
for
an
ABR
Borrowing
and
(B)
for
Loans
denominated
inaForeignCurrency,
then such request
shall be
any Interest Election Request that requests the conversion of any Borrowing to,
or
continuation
of
any
Borrowing
as
,
a
Term
Benchmark
Borrowing
and
any
Borrowing
Request
that
requests
a
Term
Benchmark
Borrowing
or
an
RFR
Borrowing,
in
each
case,
for
the
relevant
Benchmark
shall
be
ineffective;provided
thatifthecircumstancesgivingrisetosuchnoticeaffectonlyoneTypeof
Borrowings,thenallotherTypesofBorrowingsshallbepermitted.Furthermore,ifanyEurocurrency
Term
Benchmark
Loan
or
RFR
LoaninanyAgreedCurrencyisoutstandingonthedateof
theCompany’sreceiptofthenoticefromtheAdministrativeAgentreferredtointhisSection2.14(a)withrespecttoaRelevantRateapplicabletosuchEurocurrency
Term
Benchmark
Loan
or
RFR
Loan,
thenuntil(x)
theAdministrativeAgentnotifiestheCompanyandtheLendersthatthecircumstances
givingrisetosuchnoticenolongerexist,(i)
if
such
Eurocurrency
Loan
is
with
respect
to
the
relevant
Benchmark
and
(y)
the
relevant
Borrower
or
the
Company
on
behalf
of
such
Borrower
delivers
a
new
Interest
Election
Request
in
accordance
with
the
terms
of
Section
2.08
or
a
new
Borrowing
Request
in
accordance
with
the
terms
of
Section
2.03,
(A)
for
Loans
denominatedinDollars,then
(1)
any
Term
Benchmark
Loan
shall
onthelastdayoftheInterestPeriodapplicabletosuchLoan(or
the
next
succeeding
Business
Day
if
such
day
is
not
a
Business
Day),
such
Loan
shall
,
beconvertedbythe
AdministrativeAgentto,andshallconstitute,an
ABR
Loan
(x)
an
RFR
Borrowing
denominatedin
Dollarson
such
day
and
(ii)
if
such
Eurocurrency
Loan
is
so
long
as
the
Adjusted
Daily
Simple
RFR
for
Dollar
Borrowings
is
not
also
the
subject
of
Section
2.14(a)(i)
or
(ii)
above
or
(y)
an
ABR
Loan
if
the
Adjusted
Daily
Simple
RFR
for
Dollar
Borrowings
also
is
the
subject
of
Section
2.14(a)(i)
or
(ii)
above,
on such day, and (2) any RFR Loan shall on and from such day be converted
by the Administrative Agent
to
,
and
shall
constitute
an
ABR
Loan
and
(B)
for
Loans
denominatedinany
Agreed
a
Foreign
Currency
other
than
Dollars
,
then
such
,
any
Term
Benchmark
Loanshall,onthelastdayoftheInterestPeriod
applicabletosuchLoan(or
the
next
succeeding
Business
Day
if
such
day
is
not
a
Business
Day)
bear
interest
at
the
Central
Bank
Rate
for
the
applicable
Foreign
Currency
plus
the
CBR
Spread;
provided,
that, if the Administrative Agent
determines (which determination shall be conclusive and binding absent
manifest error) that the Central Bank Rate
for the
applicable Foreign Currency cannot be determined, any
outstanding
affected
Term
Benchmark
Loans
denominated
in
any
Foreign
Currency
shall
,atthe
Company’selectionpriortosuchday:(A)beprepaidbytheCompany
applicable
Borrower
onsuchday
or(B)solelyforthepurposeofcalculatingtheinterestrateapplicabletosuchEurocurrency
Term
Benchmark
Loan,suchEurocurrency
Term
Benchmark
LoandenominatedinanyAgreed
Foreign
Currency other than Dollars
shall be deemed to be a Eurocurrency
TermBenchmark
Loan denominated in
DollarsandshallaccrueinterestatthesameinterestrateapplicabletoEurocurrency
Term
Benchmark
Loans denominated in Dollars at such time.(b)    NotwithstandinganythingtothecontraryhereinorinanyotherLoanDocument(andanySwapAgreementshallbedeemednottobea“LoanDocument”forpurposesofthisSection 2.14) , if a Benchmark Transition Event or an
Early Opt-in Election
, as applicable,
and its related
BenchmarkReplacementDatehaveoccurredpriortotheReferenceTimeinrespectofanysettingofthe67






	
	then-currentBenchmark,then(x)ifaBenchmarkReplacementisdeterminedinaccordancewithclause(1)or
(2)
ofthedefinitionof“BenchmarkReplacement”with
respect
to
Dollars
forsuchBenchmark
ReplacementDate,suchBenchmarkReplacementwillreplacesuchBenchmarkforallpurposeshereunderandunderanyLoanDocumentinrespectofsuchBenchmarksettingandsubsequentBenchmarksettingswithoutanyamendmentto,orfurtheractionorconsentofanyotherpartyto,thisAgreementoranyotherLoanDocumentand(y)ifaBenchmarkReplacementisdeterminedinaccordancewithclause(3
2
)ofthedefinitionof“BenchmarkReplacement”with
respect
to
any
Agreed
Currency
forsuchBenchmarkReplacementDate,suchBenchmarkReplacementwillreplacesuch
BenchmarkforallpurposeshereunderandunderanyLoanDocumentinrespectofanyBenchmarksettingatorafter5:00p.m.(NewYorkCitytime)onthefifth(5th)BusinessDayafterthedatenoticeofsuchBenchmarkReplacementisprovidedtotheLenderswithoutanyamendmentto,orfurtheractionorconsentofanyotherpartyto,thisAgreementoranyotherLoanDocumentsolongastheAdministrativeAgenthasnotreceived,bysuchtime,writtennoticeofobjectiontosuchBenchmarkReplacementfromLenders comprising the Required Lenders of each affected Class.(c)
Notwithstanding
anything
to
the
contrary
herein
or
in
any
other
Loan
Document
and
subject
to
the
proviso
below
in
this
paragraph,
(x
)
with
respect
to
a
Loan
denominated
in
Dollars,
if
a
Term
SOFR
Transition
Event
and
its
related
Benchmark
Replacement
Date
,
or
(y
)
with
respect
to
a
Loan
denominated
in
euro,
if
a
Term
ESTR
Transition
Event
and
its
related
Benchmark
Replacement
Date,
as
applicable,
have
occurred
prior
to
the
Reference
Time
in
respect
of
any
setting
of
the
then-current
Benchmark,
then
the
applicable
Benchmark
Replacement
will
replace
the
then-current
Benchmark
for
all
purposes
hereunder
or
under
any
Loan
Document
in
respect
of
such
Benchmark
setting
and
subsequent
Benchmark
settings,
without
any
amendment
to,
or
further
action
or
consent
of
any
other
party
to,
this
Agreement
or
any
other
Loan
Document
;
provided
that,
this
clause
(c)
shall
not
be
effective
unless
the
Administrative
Agent
has
delivered
to
the
Lenders
and
the
Company
a
Term
SOFR
Notice
or
a
Term
ESTR
Notice,
as
applicable.
For
the
avoidance
of
doubt,
the
Administrative
Agent
shall
not
be
required
to deliver any (x) Term SOFR Notice after the occurrence of a Term SOFR Transition Event,
or
(y) Term
ESTR Notice after the occurrence of a Term ESTR Transition Event, and may do so in its sole discretion.
(c)
(
d)
In
connection
with
the
implementation
of
a
Benchmark
Replacement,
Notwithstanding
anything
to
the
contrary
herein
or
in
any
other
Loan
Document
,
theAdministrative
AgentwillhavetherighttomakeBenchmarkReplacementConformingChangesfromtimetotimeand,notwithstandinganythingtothecontraryhereinorinanyotherLoanDocument,anyamendmentsimplementingsuchBenchmarkReplacementConformingChangeswillbecomeeffectivewithoutanyfurther action or consent of any other party to this Agreement or any other Loan Document.(d)
(
e)
TheAdministrativeAgentwillpromptlynotifytheCompanyandtheLendersof(i)anyoccurrenceofaBenchmarkTransitionEventor
an
Early
Opt-in
Election,
as
applicable
,(ii)the
implementationofanyBenchmarkReplacement,(iii)theeffectivenessofanyBenchmarkReplacementConformingChanges,(iv)theremovalorreinstatementofanytenorofaBenchmarkpursuanttoclause(f
e
)belowand(v)thecommencementorconclusionofanyBenchmarkUnavailabilityPeriod.Any
determination,decisionorelectionthatmaybemadebytheAdministrativeAgentor,ifapplicable,anyLender(orgroupofLenders)pursuanttothisSection2.14,includinganydeterminationwithrespecttoatenor,rateoradjustmentoroftheoccurrenceornon-occurrenceofanevent,circumstanceordateandanydecisiontotakeorrefrainfromtakinganyactionoranyselection,willbeconclusiveandbindingabsentmanifesterrorandmaybemadeinitsortheirsolediscretionandwithoutconsentfromanyotherpartytothisAgreementoranyotherLoanDocument,except,ineachcase,asexpresslyrequiredpursuant to this Section 2.14.(e)
(
f)
NotwithstandinganythingtothecontraryhereinorinanyotherLoanDocument,atanytime(includinginconnectionwiththeimplementationofaBenchmarkReplacement),68






	
	(i)ifthethen-currentBenchmarkisatermrate(includingthe
TermSOFR,
Term
ESTR,
LIBO
Rateor
EURIBORRate)andeither(A)anytenorforsuchBenchmarkisnotdisplayedonascreenorotherinformationservicethatpublishessuchratefromtimetotimeasselectedbytheAdministrativeAgentinitsreasonablediscretionor(B)theregulatorysupervisorfortheadministratorofsuchBenchmarkhasprovidedapublicstatementorpublicationofinformationannouncingthatanytenorforsuchBenchmarkisorwillbenolongerrepresentative,thentheAdministrativeAgentmaymodifythedefinitionof“InterestPeriod”foranyBenchmarksettingsatoraftersuchtimetoremovesuchunavailableornon-representativetenorand(ii)ifatenorthatwasremovedpursuanttoclause(i)aboveeither(A)issubsequentlydisplayedonascreenorinformationserviceforaBenchmark(includingaBenchmarkReplacement)or(B)isnot,orisnolonger,subjecttoanannouncementthatitisorwillnolongerberepresentativeforaBenchmark(includingaBenchmarkReplacement),thentheAdministrativeAgentmay modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstatesuch previously removed tenor.(f)
(
g)
UpontheCompany’sreceiptofnoticeofthecommencementofaBenchmarkUnavailabilityPeriod,theCompanymayrevokeanyrequestforaEurocurrency
Term
Benchmark
Borrowing
or
RFR
Borrowingof,conversiontoorcontinuationofEurocurrency
Term
Benchmark
Loans
or
RFR
Loanstobemade,convertedorcontinuedduringanyBenchmarkUnavailabilityPeriodand,
failingthat,either(x)theCompanywillbedeemedtohaveconvertedanysuch
requestfor(1)
a
Eurocurrency
Term
Benchmark
BorrowingdenominatedinDollarsintoarequestforaBorrowingofor
conversiontoABR
Loans
or
(y)
any
Eurocurrency
(A)
an
RFR
Borrowing
denominated
in
Dollars
so
long
as
the
Adjusted
Daily
Simple
RFR
for
Dollar
Borrowings
is
not
the
subject
of
a
Benchmark
Transition
Event
or
(B)
an
ABR
Borrowing
if
the
Adjusted
Daily
Simple
RFR
for
Dollar
Borrowings
is
the subject of a Benchmark Transition Event
or (y)
any request relating to
a Term Benchmark Borrowing
or
RFR
BorrowingdenominatedinaForeignCurrencyshallbeineffective.DuringanyBenchmark
UnavailabilityPeriodoratanytimethatatenorforthethen-currentBenchmarkisnotanAvailableTenor,thecomponentofABRbaseduponthethen-currentBenchmarkorsuchtenorforsuchBenchmark,asapplicable,willnotbeusedinanydeterminationofABR.Furthermore,ifanyEurocurrency
Term
Benchmark
Loan
or
RFR
LoaninanyAgreedCurrencyisoutstandingonthedateof
theCompany’sreceiptofnoticeofthecommencementofaBenchmarkUnavailabilityPeriodwithrespecttoaRelevantRateapplicabletosuchEurocurrency
Term
Benchmark
Loan
or
RFR
Loan,then
untilsuchtimeasaBenchmarkReplacementforsuchAgreedCurrencyisimplementedpursuanttothisSection2.14,(i
A
)if
such
Eurocurrency
Loan
is
for
Loans
denominatedinDollars,then
(1)
any
Term
Benchmark
Loan
shall
onthelastdayoftheInterestPeriodapplicabletosuchLoan(or
the
next
succeeding
Business
Day
if
such
day
is
not
a
Business
Day),
such
Loan
shall
,
beconvertedbythe
AdministrativeAgentto,andshallconstitute,an
ABR
Loan
(x)
an
RFR
Borrowing
denominatedin
Dollarson
such
day
or
(ii)
if
such
Eurocurrency
Loan
is
so
long
as
the
Adjusted
Daily
Simple
RFR
for
Dollar
Borrowings
is
not
the
subject
of
a
Benchmark
Transition
Event
or
(y)
an
ABR
Loan
if
the
Adjusted
Daily
Simple
RFR
for
Dollar
Borrowings
is
the
subject
of
a
Benchmark
Transition
Event,
on
such day and (2) any RFR Loan shall on and from such day, be converted
by the Administrative Agent to
,
and
shall
constitute
an
ABR
Loan
and
(B)
for
Loans
denominatedinanyAgreed
Foreign
Currencyother
than Dollars, then such
, any Term Benchmark
Loan shall, on the last day of the Interest Period applicable
tosuchLoan(or
the
next
succeeding
Business
Day
if
such
day
is
not
a
Business
Day),
at
the
Borrower’s
bear
interest
at
the
Central
Bank
Rate
for
the
applicable
Foreign
Currency
plus
the
CBR
Spread;
provided
that
if
the
Administrative
Agent
determines
(which
determination
shall
be
conclusive
and
binding
absent
manifest
error)
that
the
Central
Bank
Rate
for
the
applicable
Foreign
Currency
cannot
be
determined,
any
outstanding
affected
Term
Benchmark
Loans
denominated
in
any
Foreign
Currency
shall,
at
the
Company’s
electionpriortosuchday:(A)beprepaidbytherelevant
Borroweronsuchday
or(B)solelyforthepurposeofcalculatingtheinterestrateapplicabletosuchEurocurrency
Term
Benchmark
Loan,suchEurocurrency
Term
Benchmark
LoandenominatedinanyAgreed
Foreign
Currency other than Dollars
shall be deemed to be a Eurocurrency
TermBenchmark
Loan denominated in
69






	
	DollarsandshallaccrueinterestatthesameinterestrateapplicabletoEurocurrency
Term
Benchmark
Loans denominated in Dollars at such time.SECTION 2.15.   Increased
Costs
..(a)IfanyChangeinLawshall:impose,modifyordeemapplicableanyreserve,specialdeposit,liquidityorsimilarrequirement(includinganycompulsoryloanrequirement,insurancechargeorotherassessment)againstassetsof,depositswithorfortheaccountof,orcreditextendedby,anyLender(exceptanysuchreserverequirementreflectedintheAdjustedLIBO
Rate or
the Adjusted
EURIBOR Rate, as applicable
) or the Issuing Bank;
(ii)   imposeonanyLenderortheIssuingBankortheLondon
applicable
offshore
interbankmarketfor
the
applicable
Agreed
Currency
anyothercondition,costorexpense
(otherthanTaxes)affectingthisAgreementorLoansmadebysuchLenderoranyLetterofCredit or participation therein; or(iii)   subjectanyRecipienttoanyTaxes(otherthan(A)IndemnifiedTaxes,(B)Taxesdescribedinclauses(b)through(d)ofthedefinitionofExcludedTaxesand(C)ConnectionIncomeTaxes)onitsloans,loanprincipal,lettersofcredit,commitments,orotherobligations, or its deposits, reserves, other liabilities or capital attributable thereto;andtheresultofanyoftheforegoingshallbetoincreasethecosttosuchLenderorsuchotherRecipientofmaking,continuing,convertingintoormaintaininganyLoanorofmaintainingitsobligationtomakeanysuchLoan(including,withoutlimitation,pursuanttoanyconversionofanyBorrowingdenominatedinanAgreedCurrencyintoaBorrowingdenominatedinanyotherAgreedCurrency)ortoincreasethecosttosuchLender,theIssuingBankorsuchotherRecipientofparticipatingin,issuingormaintaininganyLetterofCredit(including,withoutlimitation,pursuanttoanyconversionofanyBorrowingdenominatedinanAgreedCurrencyintoaBorrowingdenominatedinanyotherAgreedCurrency)ortoreducetheamountofanysumreceivedorreceivablebysuchLender,theIssuingBankorsuchotherRecipienthereunder,whetherofprincipal,interestorotherwise(including,withoutlimitation,pursuanttoanyconversionofanyBorrowingdenominatedinanAgreedCurrencyintoaBorrowingdenominatedinanyotherAgreedCurrency),thentheapplicableBorrowerwillpaytosuchLender,theIssuingBankorsuchotherRecipient,asthecasemaybe,suchadditionalamountoramountsaswillcompensatesuchLender,theIssuingBankorsuchotherRecipient,asthecasemaybe,forsuchadditionalcostsincurredor reduction suffered as reasonably determined by such Lender or the Issuing Bank (which determinationshallbemadeingoodfaith(andnotonanarbitraryorcapriciousbasis)andconsistentwithsimilarlysituatedcustomersoftheapplicableLenderortheIssuingBankunderagreementshavingprovisionssimilartothisSection2.15afterconsiderationofsuchfactorsassuchLenderortheIssuingBankthenreasonably determines to be relevant).(b)   IfanyLenderortheIssuingBankdeterminesthatanyChangeinLawregardingcapitalorliquidityrequirementshasorwouldhavetheeffectofreducingtherateofreturnonsuchLender’sortheIssuingBank’scapitaloronthecapitalofsuchLender’sortheIssuingBank’sholdingcompany,ifany,asaconsequenceofthisAgreementortheLoansmadeby,orparticipationsinLettersofCreditheldby,suchLender,ortheLettersofCreditissuedbytheIssuingBank,toalevelbelowthatwhichsuchLenderortheIssuingBankorsuchLender’sortheIssuingBank’sholdingcompanycouldhave achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’spoliciesandthepoliciesofsuchLender’sortheIssuingBank’sholdingcompanywithrespecttocapitaladequacyandliquidity),thenfromtimetotimetheapplicableBorrowerwillpaytosuchLenderortheIssuingBank,asthecasemaybe,suchadditionalamountoramountsaswillcompensatesuchLenderortheIssuingBankorsuchLender’sortheIssuingBank’sholdingcompanyforanysuchreductionsufferedasreasonablydeterminedbysuchLenderortheIssuingBank(whichdeterminationshallbemadeingoodfaith(andnotonanarbitraryorcapriciousbasis)andconsistentwithsimilarlysituated70






	
	customersoftheapplicableLenderortheIssuingBankunderagreementshavingprovisionssimilartothisSection2.15afterconsiderationofsuchfactorsassuchLenderortheIssuingBankthenreasonablydetermines to be relevant).(c)   AcertificateofaLenderortheIssuingBanksettingforththeamountoramountsandreasonablecalculationswithrespecttheretonecessarytocompensatesuchLenderortheIssuingBankoritsholdingcompany,asthecasemaybe,asspecifiedinparagraph(a)or(b)ofthisSectionshallbedeliveredtotheCompanyandshallbeconclusiveabsentmanifesterror.TheCompanyshallpay,orcausetheotherBorrowerstopay,suchLenderortheIssuingBank,asthecasemaybe,theamountshown as due on any such certificate within ten (10) days after receipt thereof.(d)   FailureordelayonthepartofanyLenderortheIssuingBanktodemandcompensationpursuanttothisSectionshallnotconstituteawaiverofsuchLender’sortheIssuingBank’srighttodemandsuchcompensation;provided
thattheCompanyshallnotberequiredtocompensateaLenderortheIssuingBankpursuanttothisSectionforanyincreasedcostsorreductionsincurredmorethan90dayspriortothedatethatsuchLenderortheIssuingBank,asthecasemaybe,notifiestheCompanyoftheChangeinLawgivingrisetosuchincreasedcostsorreductionsandofsuchLender’sortheIssuingBank’sintentiontoclaimcompensationtherefor;provided
further
that,iftheChangeinLawgivingrisetosuchincreasedcostsorreductionsisretroactive,thenthe90-dayperiodreferred to above shall be extended to include the period of retroactive effect thereof.SECTION 2.16.   Break
Funding
Payments
..In
(a)
With
respect
to
Loans
that
are
not
RFR
Loans, in
the event of (a
i
) the payment of any principal of any Eurocurrency
TermBenchmark
Loan other
thanonthelastdayofanInterestPeriodapplicablethereto(includingasaresultofanEventofDefaultorasaresultofanyprepaymentpursuanttoSection2.11),(b
ii
) theconversionofany
Eurocurrency
Term
Benchmark
LoanotherthanonthelastdayoftheInterestPeriodapplicablethereto,
(c
iii
) thefailuretoborrow,convert,continueorprepayanyEurocurrency
Term
Benchmark
Loanonthe
datespecifiedinanynoticedeliveredpursuanthereto(regardlessofwhethersuchnoticemayberevokedunderSection 2.11(a)andisrevokedinaccordancetherewith)or
,
(d
iv
) theassignmentofany
Eurocurrency
TermBenchmark
Loan other than on the last day of the Interest Period applicable thereto as
aresultofarequestbytheCompanypursuanttoSection 2.19or
(v)
the
failure
by
a
Borrower
to
make
any
payment
of
any
Loan
(or
interest
due
thereon)
denominated
in
a
Foreign
Currency
on
its
scheduled
due
date
or
any
payment
thereof
in
a
different
currency
,then,inanysuchevent,theBorrowersshall
compensateeachLenderfortheloss,costandexpenseattributabletosuchevent.
Such
loss,
cost
or
expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess,
if
any,
of
(i)
the
amount
of
interest
which
would
have
accrued
on
the
principal
amount
of
such
Loan
had
such
event
not
occurred,
at
the
Adjusted
LIBO
Rate
or
the
Adjusted
EURIBOR
Rate,
as
applicable,
that
would
have
been
applicable
to
such
Loan,
for
the
period
from
the
date
of
such
event
to
the
last
day
of
the
then
current
Interest
Period
therefor
(or,
in
the
case
of
a
failure
to
borrow,
convert
or
continue,
for
the
period
that
would
have
been
the
Interest
Period
for
such
Loan),
over
(ii)
the
amount
of
interest
which
would
accrue
on
such
principal
amount
for
such
period
at
the
interest
rate
which
such
Lender
would
bid
were it to bid, at the commencement of such period, for deposits in the relevant currency of a comparable
amount
and
period
from
other
banks
in
the
eurocurrency
market
..AcertificateofanyLendersettingforth
anyamountoramountsthatsuchLenderisentitledtoreceivepursuanttothisSectionshallbedeliveredtotheapplicable
Borrower
Company
andshallbeconclusiveabsentmanifesterror.Theapplicable
BorrowershallpaysuchLendertheamountshownasdueonanysuchcertificatewithinten(10) daysafter receipt thereof.(b)
W
ith
respect
to
RFR
Loans
,
in
the
event
of
(i)
the
payment
of
any
principal
of
any
RFR Loan other than on the Interest Payment Date applicable thereto (including as a result of an Event of
Default
or
as
a
result
of
any
prepayment
pursuant
to
Section
2.11),
(ii)
the
failure
to
borrow
or
prepay
71






	
	any
RFR
Loan
on
the
date
specified
in
any
notice
delivered
pursuant
hereto
(regardless
of
whether
such
notice
may
be
revoked
under
Section
2.11(
a
)
and
is
revoked
in
accordance
therewith),
(iii)
the
assignment
of
any
RFR
Loan
other
than
on
the
Interest
Payment
Date
applicable
thereto
as
a
result
of
a
request
by
a
Borrower
pursuant
to
Section
2.19
or
(iv)
the
failure
by
a
Borrower
to
make
any
payment
of
any
Loan
(or
interest
due
thereof)
denominated
in
a
Foreign
Currency
on
its
scheduled
due
date
or
any
payment
thereof
in
a
different
currency,
then,
in
any
such
event,
the
Borrower
s
shall
compensate
each
Lender
for
the
loss,
cost
and
expense
attributable
to
such
event.
A
certificate
of
any
Lender
setting
forth
any
amount
or
amounts
that
such
Lender
is
entitled
to
receive
pursuant
to
this
Section
shall
be
delivered
to
the
Company
and
shall
be
conclusive
absent
manifest
error.
The
applicable
Borrower
shall
pay
such
Lender the amount shown as due on any such certificate within
ten (
10
)
days after receipt thereof.
SECTION 2.17.   Taxes
..(a)Payments
Free
of
Taxes
..AnyandallpaymentsbyoronaccountofanyobligationofanyLoanPartyunderanyLoanDocumentshallbemadewithoutdeductionorwithholdingforanyTaxes,exceptasrequiredbyapplicablelaw.Ifanyapplicablelaw(asdeterminedinthegoodfaithdiscretionofanapplicablewithholdingagent)requiresthedeductionorwithholdingofanyTaxfromanysuchpaymentbyawithholdingagent,thentheapplicablewithholdingagentshallbeentitled to make such deduction or withholding and shall timely pay the full amount deducted or withheldtotherelevantGovernmentalAuthorityinaccordancewithapplicablelawand,ifsuchTaxisanIndemnifiedTax,thenthesumpayablebytheapplicableLoanPartyshallbeincreasedasnecessarysothataftersuchdeductionorwithholdinghasbeenmade(includingsuchdeductionsandwithholdingsapplicabletoadditionalsumspayableunderthisSection2.17)theapplicableRecipientreceivesanamount equal to the sum it would have received had no such deduction or withholding been made.(b)   Payment
of
Other
Taxes
by
the
Borrowers
..TherelevantBorrowershalltimelypaytotherelevantGovernmentalAuthorityinaccordancewithapplicablelaw,orattheoptionoftheAdministrative Agent timely reimburse it for, Other Taxes.(c)   Evidence
of
Payments
..AssoonaspracticableafteranypaymentofTaxesbyanyLoanPartytoaGovernmentalAuthoritypursuanttothisSection2.17,suchLoanPartyshalldelivertotheAdministrativeAgenttheoriginaloracertifiedcopyofareceiptissuedbysuchGovernmentalAuthorityevidencingsuchpayment,acopyofthereturnreportingsuchpaymentorotherevidenceofsuch payment reasonably satisfactory to the Administrative Agent.(d)   Indemnification
by
the
Loan
Parties
..TheLoanPartiesshallindemnifyeachRecipient, within 10 days after demand therefor, for the full amount of any Indemnified Taxes (includingIndemnifiedTaxesimposedorassertedonorattributabletoamountspayableunderthisSection)payableorpaidbysuchRecipientorrequiredtobewithheldordeductedfromapaymenttosuchRecipientandanyreasonableexpensesarisingtherefromorwithrespectthereto,whetherornotsuchIndemnifiedTaxeswerecorrectlyorlegallyimposedorassertedbytherelevantGovernmentalAuthority.AcertificateastotheamountofsuchpaymentorliabilitydeliveredtotherelevantBorrowerbyaLender(withacopytotheAdministrativeAgent),orbytheAdministrativeAgentonitsownbehalforonbehalfof a Lender, shall be conclusive absent manifest error.(e)   Indemnification
by
the
Lenders
..EachLendershallseverallyindemnifytheAdministrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable tosuchLender(butonlytotheextentthatanyLoanPartyhasnotalreadyindemnifiedtheAdministrativeAgentforsuchIndemnifiedTaxesandwithoutlimitingtheobligationoftheLoanPartiestodoso),(ii)anyTaxesattributabletosuchLender’sfailuretocomplywiththeprovisionsofSection9.04(c)relatingtothemaintenanceofaParticipantRegisterand(iii)anyExcludedTaxesattributabletosuchLender,ineachcase,thatarepayableorpaidbytheAdministrativeAgentinconnectionwithanyLoanDocument,andanyreasonableexpensesarisingtherefromorwithrespectthereto,whetherornotsuchTaxeswere72






	
	correctlyorlegallyimposedorassertedbytherelevantGovernmentalAuthority.AcertificateastotheamountofsuchpaymentorliabilitydeliveredtoanyLenderbytheAdministrativeAgentshallbeconclusiveabsentmanifesterror.EachLenderherebyauthorizestheAdministrativeAgenttosetoffandapplyanyandallamountsatanytimeowingtosuchLenderunderanyLoanDocumentorotherwisepayablebytheAdministrativeAgenttotheLenderfromanyothersourceagainstanyamountduetotheAdministrative Agent under this paragraph (e).(f)   Status of Lenders.(i)   AnyLenderthatisentitledtoanexemptionfromorreductionofwithholdingTaxwithrespecttopaymentsmadeunderanyLoanDocumentshalldelivertotheBorrowersandtheAdministrativeAgent,atthetimeortimesreasonablyrequestedbytheBorrowersortheAdministrativeAgent,suchproperlycompletedandexecuteddocumentationreasonablyrequestedbytheBorrowersortheAdministrativeAgentaswillpermitsuchpaymentstobemadewithoutwithholdingoratareducedrateofwithholding.Inaddition,anyLender,ifreasonablyrequestedbytheBorrowersortheAdministrativeAgent,shalldeliversuchotherdocumentationprescribedbyapplicablelaworreasonablyrequestedbytheBorrowersortheAdministrativeAgentaswillenabletheBorrowersortheAdministrativeAgenttodeterminewhetherornotsuchLenderissubjecttobackupwithholdingorinformationreportingrequirements.Notwithstandinganythingtothecontraryintheprecedingtwosentences,thecompletion,executionandsubmissionofsuchdocumentation(otherthansuchdocumentationsetforthinSection2.17(f)(ii)(A),(ii)(B)and(ii)(D)below)shallnotberequiredifintheLender’sreasonablejudgmentsuchcompletion,executionorsubmissionwould subject such Lender to any material unreimbursed cost or expense or would materiallyprejudice the legal or commercial position of such Lender.(ii)   Withoutlimitingthegeneralityoftheforegoing,intheeventthatanyBorrowerisaU.S. Person:(A)anyLenderthatisaU.S.PersonshalldelivertosuchBorrowerandtheAdministrativeAgentonorpriortothedateonwhichsuchLenderbecomesaLenderunderthisAgreement(andfromtimetotimethereafteruponthereasonablerequestofsuchBorrowerortheAdministrativeAgent),anexecutedIRSFormW-9certifyingthatsuch Lender is exempt from U.S. Federal backup withholding tax;(B)anyForeignLendershall,totheextentitislegallyentitledtodoso,delivertosuchBorrowerandtheAdministrativeAgent(insuchnumberofcopiesasshallberequestedbytherecipient)onorpriortothedateonwhichsuchForeignLenderbecomesaLenderunderthisAgreement(andfromtimetotimethereafteruponthereasonablerequestofsuchBorrowerortheAdministrativeAgent),whicheverofthefollowing is applicable:(1)inthecaseofaForeignLenderclaimingthebenefitsofanincometaxtreatytowhichtheUnitedStatesisaparty(x)withrespecttopaymentsofinterestunderanyLoanDocument,anexecutedIRSFormW-8BENorIRSFormW-8BEN-E,asapplicable,establishinganexemptionfrom,orreductionof,U.S.FederalwithholdingTaxpursuanttothe“interest”articleofsuchtaxtreatyand(y)withrespecttoanyotherapplicablepaymentsunderanyLoanDocument,IRSFormW-8BENorIRSFormW-8BEN-E,asapplicable,establishinganexemptionfrom,orreductionof,U.S.FederalwithholdingTaxpursuanttothe“business profits” or “other income” article of such tax treaty;73






	
	(2)inthecaseofaForeignLenderclaimingthatitsextensionofcreditwillgenerate U.S. effectively connected income, an executed IRS Form W-8ECI;(3)inthecaseofaForeignLenderclaimingthebenefitsoftheexemptionforportfoliointerestunderSection881(c)oftheCode,(x)acertificatesubstantiallyintheformofExhibitJ-1totheeffectthatsuchForeignLenderisnota“bank”withinthemeaningofSection881(c)(3)(A)oftheCode,a“10percentshareholder”ofsuchBorrowerwithinthemeaningofSection881(c)(3)(B)oftheCode,ora“controlledforeigncorporation”describedinSection881(c)(3)(C)oftheCode(a“U.S.
Tax
Compliance
Certificate
 ”)and(y)anexecuted IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable; or(4)totheextentaForeignLenderisnotthebeneficialowner,anexecutedIRSFormW-8IMY,accompaniedbyIRSFormW-8ECI,IRSFormW-8BENorIRSForm W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantiallyintheformofExhibitJ-2orExhibitJ-3,IRSFormW-9,and/orothercertificationdocumentsfromeachbeneficialowner,asapplicable;provided
thatiftheForeignLenderisapartnershipandoneormoredirectorindirectpartnersofsuchForeignLenderareclaimingtheportfoliointerestexemption,suchForeignLendermayprovideaU.S.TaxComplianceCertificatesubstantiallyinthe form of Exhibit J-4 on behalf of each such direct and indirect partner;(C)anyForeignLendershall,totheextentitislegallyentitledtodoso,delivertosuchBorrowerandtheAdministrativeAgent(insuchnumberofcopiesasshallberequestedbytherecipient)onorpriortothedateonwhichsuchForeignLenderbecomesaLenderunderthisAgreement(andfromtimetotimethereafteruponthereasonablerequestofsuchBorrowerortheAdministrativeAgent),executedoriginalsofanyotherformprescribedbyapplicablelawasabasisforclaimingexemptionfromorareductioninU.S.FederalwithholdingTax,dulycompleted,togetherwithsuchsupplementarydocumentationasmaybeprescribedbyapplicablelawtopermitsuchBorrowerortheAdministrativeAgenttodeterminethewithholdingordeductionrequired to be made; and(D)ifapaymentmadetoaLenderunderanyLoanDocumentwouldbesubjecttoU.S.FederalwithholdingTaximposedbyFATCAifsuchLenderweretofailtocomplywiththeapplicablereportingrequirementsofFATCA(includingthosecontainedinSection1471(b)or1472(b)oftheCode,asapplicable),suchLendershalldeliver to such Borrower and the Administrative Agent at the time or times prescribed bylawandatsuchtimeortimesreasonablyrequestedbysuchBorrowerortheAdministrativeAgentsuchdocumentationprescribedbyapplicablelaw(includingasprescribedbySection1471(b)(3)(C)(i)oftheCode)andsuchadditionaldocumentationreasonably requested by such Borrower or the Administrative Agent as may be necessaryforsuchBorrowerandtheAdministrativeAgenttocomplywiththeirobligationsunderFATCAandtodeterminethatsuchLenderhascompliedwithsuchLender’sobligationsunderFATCAortodeterminetheamounttodeductandwithholdfromsuchpayment.Solelyforpurposesofthisclause(D),“FATCA”shallincludeanyamendmentsmadetoFATCA after the date of this Agreement.(iii)   EachLenderagreesthatifanyformorcertificationitpreviouslydeliveredexpiresorbecomesobsoleteorinaccurateinanyrespect,itshallupdatesuchformorcertificationor74






	
	promptly notify the Company and the Administrative Agent in writing of its legal inability todo so.(g)   Treatment
of
Certain
Refunds
..Ifanypartydetermines,initssolediscretionexercisedingoodfaith,thatithasreceivedarefundofanyTaxesastowhichithasbeenindemnifiedpursuanttothisSection2.17(includingbythepaymentofadditionalamountspursuanttothisSection2.17),itshallpaytotheindemnifyingpartyanamountequaltosuchrefund(butonlytotheextentofindemnitypaymentsmadeunderthisSection2.17withrespecttotheTaxesgivingrisetosuchrefund),netofallout-of-pocketexpenses(includingTaxes)ofsuchindemnifiedpartyandwithoutinterest(otherthananyinterestpaidbytherelevantGovernmentalAuthoritywithrespecttosuchrefund).Suchindemnifying party, upon the request of such indemnified party, shall repay to such indemnified party theamountpaidoverpursuanttothisparagraph(g)(plusanypenalties,interestorotherchargesimposedbytherelevantGovernmentalAuthority)intheeventthatsuchindemnifiedpartyisrequiredtorepaysuchrefundtosuchGovernmentalAuthority.Notwithstandinganythingtothecontraryinthisparagraph(g),innoeventwilltheindemnifiedpartyberequiredtopayanyamounttoanindemnifyingpartypursuanttothisparagraph(g)thepaymentofwhichwouldplacetheindemnifiedpartyinalessfavorablenetafter-TaxpositionthantheindemnifiedpartywouldhavebeeniniftheTaxsubjecttoindemnificationandgivingrisetosuchrefundhadnotbeendeducted,withheldorotherwiseimposedandtheindemnificationpaymentsoradditionalamountswithrespecttosuchTaxhadneverbeenpaid.ThisparagraphshallnotbeconstruedtorequireanyindemnifiedpartytomakeavailableitsTaxreturns(oranyotherinformationrelatingtoitsTaxesthatitdeemsconfidential)totheindemnifyingpartyoranyother Person.(h)   Survival
..Eachparty’sobligationsunderthisSection2.17shallsurvivetheresignationorreplacementoftheAdministrativeAgentoranyassignmentofrightsby,orthereplacementof,aLender,theterminationoftheCommitmentsandtherepayment,satisfactionordischarge of all obligations under any Loan Document.(i)   Defined
Terms
..ForpurposesofthisSection 2.17,theterm“Lender”includestheIssuing Bank and the term “applicable law” includes FATCA.SECTION 2.18.   Payments
Generally;
Allocations
of
Proceeds;
Pro
Rata
Treatment;
Sharing
of
Set-offs
..(a)   EachBorrowershallmakeeachpaymentrequiredtobemadebyithereunder(whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable underSection2.15,2.16or2.17,orotherwise)priorto(i)inthecaseofpaymentsdenominatedinDollarsbythe Company, 12:00 noon, New York City time and (ii) in the case of payments denominated in a ForeignCurrencyorbyaForeignSubsidiaryBorrower,12:00
noon,
Local
Time
,
in
the
city
of
not
later
than
the
Applicable
Time
specified
by
theAdministrativeAgent
 ’s
Eurocurrency
Payment
Office
for
such
currency
Agent
,ineachcaseonthedatewhendue,inimmediatelyavailablefunds,withoutset-offor
counterclaim.Anyamountsreceivedaftersuchtimeonanydatemay,inthediscretionoftheAdministrativeAgent,bedeemedtohavebeenreceivedonthenextsucceedingBusinessDayforpurposesofcalculatinginterestthereon.Allsuchpaymentsshallbemade(i)inthesamecurrencyinwhichtheapplicableCreditEventwasmade(orwheresuchcurrencyhasbeenconvertedtoeuro,ineuro)and(ii)totheAdministrativeAgentatitsofficesat10SouthDearbornStreet,Chicago,Illinois60603or,inthecaseofaCreditEventdenominatedinaForeignCurrencyortoaForeignSubsidiaryBorrower,theAdministrativeAgent’sEurocurrencyPaymentOfficeforsuchcurrency,exceptpaymentsto be made directly to the Issuing Bank or Swingline Lender as expressly provided herein and except thatpaymentspursuanttoSections2.15,2.16,2.17and9.03shallbemadedirectlytothePersonsentitledthereto.TheAdministrativeAgentshalldistributeanysuchpaymentsdenominatedinthesamecurrency75






	
	receivedbyitfortheaccountofanyotherPersontotheappropriaterecipientpromptlyfollowingreceiptthereof.IfanypaymenthereundershallbedueonadaythatisnotaBusinessDay,thedateforpaymentshall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest,interestthereonshallbepayablefortheperiodofsuchextension.NotwithstandingtheforegoingprovisionsofthisSection,if,afterthemakingofanyCreditEventinanyForeignCurrency,currencycontrolorexchangeregulationsareimposedinthecountrywhichissuessuchcurrencywiththeresultthatthetypeofcurrencyinwhichtheCreditEventwasmade(the“Original
Currency
 ”)nolongerexistsoranyBorrowerisnotabletomakepaymenttotheAdministrativeAgentfortheaccountoftheLendersinsuchOriginalCurrency,thenallpaymentstobemadebysuchBorrowerhereunderinsuchcurrencyshallinsteadbemadewhendueinDollarsinanamountequaltotheDollarAmount(asofthedateofrepayment)ofsuchpaymentdue,itbeingtheintentionofthepartiesheretothattheBorrowerstakeallrisks of the imposition of any such currency control or exchange regulations.(b)   AtanytimethatpaymentsarenotrequiredtobeappliedinthemannerrequiredbySection7.02,ifanyproceedsofCollateralreceivedbytheAdministrativeAgentnotconstituting(A) aspecific payment of principal, interest, fees or other sum payable under the Loan Documents (which shallbeappliedasspecifiedbytheCompany)or(B) amandatoryprepayment(whichshallbeappliedinaccordancewithSection 2.11),shallbeappliedinthefollowingorder:first
,topayanyfees,indemnities,orexpensereimbursementsthenduetotheAdministrativeAgentandtheIssuingBankfromanyBorrower,second
,topayanyfeesorexpensereimbursementsthenduetotheLendersfromanyBorrowerratably,third
,topayinterestthendueandpayableontheLoansratably,fourth
,to(x)prepayprincipal on the Loans and unreimbursed LC Disbursements and (y) pay any amounts owing with respecttoBankingServicesObligationsandSwapObligations,ratablyamongtheSecuredPartiesinproportiontotherespectiveamountsdescribedinthisclausefourthheldbythem,fifth
,topayanamounttotheAdministrative Agent equal to one hundred five percent (105%) of the aggregate undrawn face amount ofall outstanding Letters of Credit and the aggregate amount of any unpaid LC Disbursements, to be held ascashcollateralforsuchObligationsandsixth
,tothepaymentofanyotherSecuredObligationduetotheAdministrativeAgentoranySecuredPartybyanyBorrowerratably.Notwithstandingtheforegoing,amountsreceivedfromanyLoanPartyshallnotbeappliedtoanyExcludedSwapObligationofsuchLoanPartybutappropriateadjustmentsshallbemadewithrespecttopaymentsfromtheotherLoanParties or on account of theirassets to preserve the allocation to the Obligations set forth in the precedingsentence.NotwithstandinganythingtothecontrarycontainedinthisAgreement,unlesssodirectedbytheCompany,orunlessaDefaultisinexistence,noneoftheAdministrativeAgentoranyLendershallapply any payment which it receives to any Eurocurrency
TermBenchmark
Loan of a Class, except (a) on
theexpirationdateoftheInterestPeriodapplicabletoanysuchEurocurrency
Term
Benchmark
Loanor
(b) intheevent,andonlytotheextent,thattherearenooutstandingABRLoansofthesameClassand,inanyevent,theBorrowersshallpaythebreakfundingpaymentrequiredinaccordancewithSection 2.16.TheAdministrativeAgentandtheLendersshallhavethecontinuingandexclusiverighttoapplyandreverseandreapplyanyandallsuchproceedsandpaymentstoanyportionoftheSecuredObligations,providedthat,nosuchapplication,reversalorreapplicationshallbeperformedinanymanner for the purpose of increasing the amount of interest,fees or break funding payments to be paid bythe Borrowers.(c)   AttheelectionoftheAdministrativeAgent,allpaymentsofprincipal,interest,LCDisbursements,fees,premiums,reimbursableexpenses(including,withoutlimitation,allreimbursementfor fees and expenses pursuant to Section9.03), and other sums payable under the Loan Documents, maybepaidfromtheproceedsofBorrowingsmadehereunderwhethermadefollowingarequestbyaBorrower(ortheCompanyonbehalfofaBorrower)pursuanttoSection 2.03oradeemedrequestasprovidedinthisSectionormaybedeductedfromanydepositaccountofsuchBorrowermaintainedwiththeAdministrativeAgent.EachBorrowerherebyirrevocablyauthorizes(i) theAdministrativeAgenttomakeaBorrowingforthepurposeofpayingeachpaymentofprincipal,interestandfeesasitbecomes76






	
	duehereunderoranyotheramountdueundertheLoanDocumentsandagreesthatallsuchamountscharged shall constitute Loans (including Swingline Loans) and that all such Borrowings shall be deemedtohavebeenrequestedpursuanttoSections 2.03or2.05,asapplicableand(ii) theAdministrativeAgenttochargeanydepositaccountoftherelevantBorrowermaintainedwiththeAdministrativeAgentforeachpaymentofprincipal,interestandfeesasitbecomesduehereunderoranyotheramountdueunderthe Loan Documents.(d)   IfanyLendershall,byexercisinganyrightofset-offorcounterclaimorotherwise,obtainpaymentinrespectofanyprincipaloforinterestonanyofitsLoansorparticipationsinLCDisbursementsorSwinglineLoansresultinginsuchLenderreceivingpaymentofagreaterproportionoftheaggregateamountofitsLoansandparticipationsinLCDisbursementsandSwinglineLoansandaccrued interest thereon than the proportion received by any other Lender, then the Lender receiving suchgreaterproportionshallpurchase(forcashatfacevalue)participationsintheLoansandparticipationsinLC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of allsuchpaymentsshallbesharedbytheLendersratablyinaccordancewiththeaggregateamountofprincipalofandaccruedinterestontheirrespectiveLoansandparticipationsinLCDisbursementsandSwinglineLoans;providedthat(i)ifanysuchparticipationsarepurchasedandalloranyportionofthepaymentgivingrisetheretoisrecovered,suchparticipationsshallberescindedandthepurchasepricerestored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall notbeconstruedtoapplytoanypaymentmadebyanyBorrowerpursuanttoandinaccordancewiththeexpresstermsofthisAgreementoranypaymentobtainedbyaLenderasconsiderationfortheassignmentoforsaleofaparticipationinanyofitsLoansorparticipationsinLCDisbursementsandSwinglineLoanstoanyassigneeorparticipant,otherthantotheCompanyoranySubsidiaryorAffiliatethereof(astowhichtheprovisionsofthisparagraphshallapply).EachBorrowerconsentstotheforegoingandagrees,totheextentitmayeffectivelydosounderapplicablelaw,thatanyLenderacquiringaparticipationpursuanttotheforegoingarrangementsmayexerciseagainstsuchBorrowerrightsofset-offandcounterclaimwithrespecttosuchparticipationasfullyasifsuchLenderwereadirect creditor of such Borrower in the amount of such participation.(e)   UnlesstheAdministrativeAgentshallhavereceivednoticefromtherelevantBorrowerpriortothedateonwhichanypaymentisduetotheAdministrativeAgentfortheaccountoftheLendersortheIssuingBankhereunderthatsuchBorrowerwillnotmakesuchpayment,theAdministrativeAgentmayassumethatsuchBorrowerhasmadesuchpaymentonsuchdateinaccordanceherewithandmay,inrelianceuponsuchassumption,distributetotheLendersortheIssuingBank,asthecasemaybe,theamountdue.Insuchevent,ifsuchBorrowerhasnotinfactmadesuchpayment,theneachoftheLendersortheIssuingBank,asthecasemaybe,severallyagreestorepaytotheAdministrativeAgentforthwithondemandtheamountsodistributedtosuchLenderorIssuingBankwithinterestthereon,foreachdayfromandincludingthedatesuchamountisdistributedtoittobutexcludingthedateofpaymenttotheAdministrativeAgent,atthegreater
of
the
Federal
Funds
Effective
Rate
and
a
rate
determined
by
the
Administrative
Agent
in
accordance
with
banking
industry
rules
on
interbank compensation
(including without limitation the Overnight Foreign Currency Rate in the case of
Loans denominated in a Foreign Currency).
applicable Overnight Rate
..
(f)   IfanyLendershallfailtomakeanypaymentrequiredtobemadebyitpursuanttoSection2.05(c),2.06(d)or(e),2.07(b),2.18(e)or9.03(c),thentheAdministrativeAgentmay,initsdiscretion(notwithstandinganycontraryprovisionhereof),(i)applyanyamountsthereafterreceivedbytheAdministrativeAgentfortheaccountofsuchLenderandforthebenefitoftheAdministrativeAgent,theSwinglineLenderortheIssuingBanktosatisfysuchLender’sobligationstoitundersuchSectionsuntilallsuchunsatisfiedobligationsarefullypaidand/or(ii)holdanysuchamountsinasegregatedaccountoverwhichtheAdministrativeAgentshallhaveexclusivecontrolascashcollateralfor,and77






	
	applicationto,anyfuturefundingobligationsofsuchLenderundersuchSections;inthecaseofeachof(i) and (ii) above, in any order as determined by the Administrative Agent in its discretion.SECTION 2.19.   Mitigation
Obligations;
Replacement
of
Lenders
..(a)IfanyLenderrequestscompensationunderSection2.15,orifanyBorrowerisrequiredtopayanyIndemnifiedTaxesoradditional amounts to any Lender or any Governmental Authority for the account of any Lender pursuanttoSection2.17,thensuchLendershallusereasonableeffortstodesignateadifferentlendingofficeforfundingorbookingitsLoanshereunderortoassignitsrightsandobligationshereundertoanotherofitsoffices,branchesorAffiliates,if,inthejudgmentofsuchLender,suchdesignationorassignment(i)wouldeliminateorreduceamountspayablepursuanttoSection2.15or2.17,asthecasemaybe,inthefutureand(ii)wouldnotsubjectsuchLendertoanyunreimbursedcostorexpenseandwouldnototherwisebedisadvantageoustosuchLender.TheCompanyherebyagreestopayallreasonablecostsand expenses incurred by any Lender in connection with any such designation or assignment.(b)   If(i)anyLenderrequestscompensationunderSection2.15,(ii)anyBorrowerisrequiredtopayanyIndemnifiedTaxesoradditionalamountstoanyLenderoranyGovernmentalAuthorityfortheaccountofanyLenderpursuanttoSection2.17,(iii)anyLenderbecomesaDefaultingLender,or(iv)ifanyLenderdoesnotconsenttoanyproposedamendment,supplement,modification,consentorwaiverofanyprovisionofthisAgreementoranyotherLoanDocumentthatrequirestheconsentofeachoftheLendersoreachoftheLendersaffectedthereby(solongastheconsentoftheRequiredLenders(withthepercentageinsuchdefinitionbeingdeemedtobe50%forthispurpose)hasbeen obtained),then the Company may, at its sole expense and effort, upon notice to such Lender and theAdministrativeAgent,requiresuchLendertoassignanddelegate,withoutrecourse(inaccordancewithandsubjecttotherestrictionscontainedinSection9.04),allitsinterests,rights(otherthanitsexistingrightstopaymentspursuanttoSections2.15or2.17)andobligationsundertheLoanDocumentstoanassigneethatshallassumesuchobligations(whichassigneemaybeanotherLender,ifaLenderacceptssuchassignment);provided
that(i)theCompanyshallhavereceivedthepriorwrittenconsentoftheAdministrativeAgent(andifaRevolvingCommitmentisbeingassigned,theIssuingBankandtheSwinglineLender),whichconsentshallnotunreasonablybewithheld,(ii)suchLendershallhavereceivedpaymentofanamountequaltotheoutstandingprincipalofitsLoansandparticipationsinLCDisbursementsandSwinglineLoans,accruedinterestthereon,accruedfeesandallotheramountspayabletoithereunder,fromtheassignee(totheextentofsuchoutstandingprincipalandaccruedinterestandfees)ortheCompany(inthecaseofallotheramounts)and(iii)inthecaseofanysuchassignmentresultingfromaclaimforcompensationunderSection2.15orpaymentsrequiredtobemadepursuanttoSection2.17,suchassignmentwillresultinareductioninsuchcompensationorpayments.A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result ofawaiverbysuchLenderorotherwise,thecircumstancesentitlingtheCompanytorequiresuchassignmentanddelegationceasetoapply.Eachpartyheretoagreesthat(i) anassignmentrequiredpursuanttothisparagraphmaybeeffectedpursuanttoanAssignmentandAssumptionexecutedbytheBorrower,theAdministrativeAgentandtheassignee(or,totheextentapplicable,anagreementincorporatinganAssignmentandAssumptionbyreferencepursuanttoanApprovedElectronicPlatformastowhichtheAdministrativeAgentandsuchpartiesareparticipants),and(ii) theLenderrequiredtomakesuchassignmentneednotbeapartytheretoinorderforsuchassignmenttobeeffectiveandshallbedeemedtohaveconsentedtoanbeboundbythetermsthereof;provided
that,followingtheeffectivenessofanysuchassignment,theotherpartiestosuchassignmentagreetoexecuteanddeliversuchdocumentsnecessarytoevidencesuchassignmentasreasonablyrequestedbytheapplicableLender; provided
that any such documents shall be without recourse to or warranty by the parties thereto.SECTION 2.20.   Expansion
Option
..TheCompanymayfromtimetotimeelecttoincreasetheRevolvingCommitmentsorenterintooneormoretranchesoftermloans(eachan“Incremental
Term
Loan
 ”),ineachcaseinminimumincrementsof$10,000,000solongas,aftergivingeffectthereto,the78






	
	aggregate amount of such increases and all such Incremental Term Loans does not exceed $275,000,000.The Company may arrange for any such increase or tranche to be provided by one or more Lenders (eachLendersoagreeingtoanincreaseinitsRevolvingCommitment,ortoparticipateinsuchIncrementalTermLoans,an“Increasing
Lender
 ”),orbyoneormorenewbanks,financialinstitutionsorotherentities (each such new bank, financial institution or other entity, an “Augmenting Lender
 ”; provided
thatno Ineligible Institution may be an Augmenting Lender), which agree to increase their existing RevolvingCommitments,ortoparticipateinsuchIncrementalTermLoans,orprovidenewRevolvingCommitments,asthecasemaybe;provided
that(i) eachAugmentingLender,shallbesubjecttotheapprovaloftheCompanyandtheAdministrativeAgentandeachIssuingBankandSwinglineLendertotheextenttheconsentoftheIssuingBankortheSwinglineLenderwouldberequiredtoeffectanassignment under Section 9.04(b), and (ii) (x) in the case of an Increasing Lender, the Company and suchIncreasingLenderexecuteanagreementsubstantiallyintheformofExhibit C
hereto,and(y) inthecaseofanAugmentingLender,theCompanyandsuchAugmentingLenderexecuteanagreementsubstantiallyintheformofExhibit D
hereto.NoconsentofanyLender(otherthan(i)theLendersparticipatingintheincreaseoranyIncrementalTermLoanand(ii)inthecaseofanyincreaseoftheRevolvingCommitments,eachIssuingBank)shallberequiredforanyincreaseinRevolvingCommitmentsorIncrementalTermLoanpursuanttothisSection 2.20.IncreasesandnewRevolvingCommitmentsandIncrementalTermLoanscreatedpursuanttothisSection 2.20shallbecomeeffectiveonthedateagreedbytheCompany,theAdministrativeAgentandtherelevantIncreasingLendersorAugmentingLenders,andtheAdministrativeAgentshallnotifyeachLenderthereof.Notwithstandingtheforegoing,noincreaseintheRevolvingCommitments(orintheRevolvingCommitmentofanyLender)ortrancheofIncrementalTermLoansshallbecomeeffectiveunderthisparagraphunless,(i) onthe proposed date of the effectiveness of such increase or Incremental Term Loans, (A) the conditions setforthinparagraphs (a)and(b)ofSection 4.02shallbesatisfiedorwaivedbytheRequiredLendersandthe Administrative Agent shall have received a certificate to that effect dated such date and executed by aFinancialOfficeroftheCompanyand(B) theCompanyshallbeincompliance(onapro formabasis)withthecovenantscontainedinSection 6.10and(ii) theAdministrativeAgentshallhavereceiveddocumentsandopinionsconsistentwiththosedeliveredontheRestatementEffectiveDateastotheorganizationalpowerandauthorityoftheBorrowerstoborrowhereunderaftergivingeffecttosuchincrease.OntheeffectivedateofanyincreaseintheRevolvingCommitmentsoranyIncrementalTermLoansbeingmade,(i) eachrelevantIncreasingLenderandAugmentingLendershallmakeavailabletothe Administrative Agent such amounts in immediately available funds as the Administrative Agent shalldetermine,forthebenefitoftheotherLenders,asbeingrequiredinordertocause,aftergivingeffecttosuchincreaseandtheuseofsuchamountstomakepaymentstosuchotherLenders,eachLender’sportionoftheoutstandingRevolvingLoansofalltheLenderstoequalitsApplicablePercentageofsuchoutstandingRevolvingLoans,and(ii) exceptinthecaseofanyIncrementalTermLoans,theBorrowersshallbedeemedtohaverepaidandreborrowedalloutstandingRevolvingLoansasofthedateofanyincreaseintheRevolvingCommitments(withsuchreborrowingtoconsistoftheTypesofRevolvingLoans,withrelatedInterestPeriodsifapplicable,specifiedinanoticedeliveredbytheapplicableBorrower,ortheCompanyonbehalfoftheapplicableBorrower,inaccordancewiththerequirementsofSection 2.03).  The deemed payments made pursuant to clause (ii) of the immediately preceding sentenceshallbeaccompaniedbypaymentofallaccruedinterestontheamountprepaidand,inrespectofeachEurocurrency
Term
Benchmark
Loan,shallbesubjecttoindemnificationbytheBorrowerspursuantto
theprovisionsofSection 2.16ifthedeemedpaymentoccursotherthanonthelastdayoftherelatedInterestPeriods.TheIncrementalTermLoans(a) shallrankpari passuinrightofpaymentwiththeRevolvingLoansandtheDelayedDrawTermLoans,(b) shallnotmatureearlierthantheMaturityDate(butmayhaveamortizationpriortosuchdate)andshallnothaveaWeightedAverageLifetoMaturityearlierthantheDelayedDrawTermLoansand(c) shallbetreatedsubstantiallythesameas(andinanyeventnomorefavorablythan)theRevolvingLoansandtheDelayedDrawTermLoans;provided
that(i) thetermsandconditionsapplicabletoanytrancheofIncrementalTermLoansmaturingaftertheMaturityDatemayprovideformaterialadditionalordifferentfinancialorothercovenantsor79






	
	prepaymentrequirementsapplicableonlyduringperiodsaftertheMaturityDateand(ii) theIncrementalTermLoansmaybepriceddifferentlythantheRevolvingLoansandtheDelayedDrawTermLoans.IncrementalTermLoansmaybemadehereunderpursuanttoanamendmentorrestatement(an“Incremental
Term
Loan
Amendment
 ”)ofthisAgreementand,asappropriate,theotherLoanDocuments,executedbytheBorrowers,eachIncreasingLenderparticipatinginsuchtranche,eachAugmenting Lender participating in such tranche, if any, and the Administrative Agent.  The IncrementalTermLoanAmendmentmay,withouttheconsentofanyotherLenders,effectsuchamendmentstothisAgreementandtheotherLoanDocumentsasmaybenecessaryorappropriate,inthereasonableopinionoftheAdministrativeAgent,toeffecttheprovisionsofthisSection 2.20.NothingcontainedinthisSection 2.20shallconstitute,orotherwisebedeemedtobe,acommitmentonthepartofanyLendertoincreaseitsRevolvingCommitmenthereunder,orprovideIncrementalTermLoans,atanytime.Inconnection with any increase of the Revolving Commitments or Incremental Term Loans pursuant to thisSection 2.20,anyAugmentingLenderbecomingapartyheretoshall(1) executesuchdocumentsandagreementsastheAdministrativeAgentmayreasonablyrequestand(2) inthecaseofanyAugmentingLenderthatisorganizedunderthelawsofajurisdictionoutsideoftheUnitedStatesofAmerica,providetotheAdministrativeAgent,itsname,address,taxidentificationnumberand/orsuchotherinformationasshallbenecessaryfortheAdministrativeAgenttocomplywith“knowyourcustomer”andAnti-Money Laundering Laws, rules and regulations, including without limitation, the Patriot Act.SECTION 2.21.   (Intentionally omitted)
..SECTION 2.22.   Judgment Currency
..  If for the purposes of obtaining judgment in any court it isnecessarytoconvertasumduefromanyBorrowerhereunderinthecurrencyexpressedtobepayableherein(the“specified
currency
 ”)intoanothercurrency,thepartiesheretoagree,tothefullestextentthattheymayeffectivelydoso,thattherateofexchangeusedshallbethatatwhichinaccordancewithnormalbankingprocedurestheAdministrativeAgentcouldpurchasethespecifiedcurrencywithsuchothercurrencyattheAdministrativeAgent’smainNewYorkCityofficeontheBusinessDayprecedingthatonwhichfinal,non-appealablejudgmentisgiven.TheobligationsofeachBorrowerinrespectofanysumduetoanyLenderortheAdministrativeAgenthereundershall,notwithstandinganyjudgmentinacurrencyotherthanthespecifiedcurrency,bedischargedonlytotheextentthatontheBusinessDayfollowingreceiptbysuchLenderortheAdministrativeAgent(asthecasemaybe)ofanysumadjudgedtobesodueinsuchothercurrencysuchLenderortheAdministrativeAgent(asthecasemaybe)mayinaccordancewithnormal,reasonablebankingprocedurespurchasethespecifiedcurrencywithsuchothercurrency.  If the amount of the specified currency so purchased is less than the sum originally due to suchLender or the Administrative Agent, as the case may be, in the specified currency, each Borrower agrees,tothefullestextentthatitmayeffectivelydoso,asaseparateobligationandnotwithstandinganysuchjudgment,toindemnifysuchLenderortheAdministrativeAgent,asthecasemaybe,againstsuchloss,andiftheamountofthespecifiedcurrencysopurchasedexceeds(a)thesumoriginallyduetoanyLenderortheAdministrativeAgent,asthecasemaybe,inthespecifiedcurrencyand(b)anyamountssharedwithotherLendersasaresultofallocationsofsuchexcessasadisproportionatepaymenttosuchLenderunderSection2.18,suchLenderortheAdministrativeAgent,asthecasemaybe,agreestoremitsuch excess to such Borrower.SECTION 2.23.   Designation
of
Foreign
Subsidiary
Borrowers
..TheCompanymayatanytimeandfromtimetotime,withnotlessthanfive(5)BusinessDays’priornoticetotheLenders,andsubjecttotherequirementssetforthinthedefinitionofEligibleForeignSubsidiary,designateanyEligibleForeignSubsidiaryasaForeignSubsidiaryBorrowerbydeliverytotheAdministrativeAgentofaBorrowingSubsidiaryAgreementexecutedbysuchSubsidiaryandtheCompanyandthesatisfactionoftheotherconditionsprecedentsetforthinSection4.03,anduponsuchdeliveryandsatisfactionsuchSubsidiaryshallforallpurposesofthisAgreementbeaForeignSubsidiaryBorrowerandapartytothisAgreement.EachForeignSubsidiaryBorrowershallremainaForeignSubsidiaryBorroweruntilthe80






	
	CompanyshallhaveexecutedanddeliveredtotheAdministrativeAgentaBorrowingSubsidiaryTerminationwithrespecttosuchSubsidiary,whereuponsuchSubsidiaryshallceasetobeaForeignSubsidiaryBorrowerandapartytothisAgreement.Notwithstandingtheprecedingsentence,noBorrowingSubsidiaryTerminationwillbecomeeffectiveastoanyForeignSubsidiaryBorroweratatimewhenanyprincipaloforinterestonanyLoantosuchBorrowershallbeoutstandinghereunder,provided
thatsuchBorrowingSubsidiaryTerminationshallbeeffectivetoterminatetherightofsuchForeignSubsidiaryBorrowertomakefurtherBorrowingsunderthisAgreement.AssoonaspracticableuponreceiptofaBorrowingSubsidiaryAgreement,theAdministrativeAgentshallfurnishacopythereof to each Lender.SECTION 2.24.   Defaulting
Lenders
..NotwithstandinganyprovisionofthisAgreementtothecontrary,ifanyLenderbecomesaDefaultingLender,thenthefollowingprovisionsshallapplyforsolong as such Lender is a Defaulting Lender:(a)   fees shall cease to accrue on the Commitment of such Defaulting Lender pursuant toSection 2.12(a);(b)   anypaymentofprincipal,interest,feesorotheramountsreceivedbytheAdministrativeAgentfortheaccountofsuchDefaultingLender(whethervoluntaryormandatory,atmaturity,pursuanttoSection7.02orotherwise)orreceivedbytheAdministrativeAgentfromaDefaultingLenderpursuanttoSection 9.08shallbeappliedatsuchtimeortimesasmaybedeterminedbytheAdministrativeAgentasfollows:first,tothepaymentofanyamountsowingbysuchDefaultingLender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amountsowingbysuchDefaultingLendertoanyIssuingBankorSwinglineLenderhereunder;third,tocashcollateralize LC Exposure with respect to such Defaulting Lender in accordance with this Section; fourth,astheCompanymayrequest(solongasnoDefaultorEventofDefaultexists),tothefundingofanyLoaninrespectofwhichsuchDefaultingLenderhasfailedtofunditsportionthereofasrequiredbythisAgreement,asdeterminedbytheAdministrativeAgent;fifth,ifsodeterminedbytheAdministrativeAgentandtheCompany,tobeheldinadepositaccountandreleasedpro ratainorderto(x) satisfysuchDefaultingLender’spotentialfuturefundingobligationswithrespecttoLoansunderthisAgreementand(y) cashcollateralizefutureLCExposurewithrespecttosuchDefaultingLenderwithrespecttofutureLettersofCreditissuedunderthisAgreement,inaccordancewiththisSection;sixth,tothepaymentofanyamountsowingtotheLenders,theIssuingBanksorSwinglineLendersasaresultofanyjudgmentofacourtofcompetentjurisdictionobtainedbyanyLender,theIssuingBanksorSwinglineLendersagainstsuchDefaultingLenderasaresultofsuchDefaultingLender’sbreachofitsobligationsunderthisAgreementorunderanyotherLoanDocument;seventh,solongasnoDefaultorEventofDefaultexists,tothepaymentofanyamountsowingtoaBorrowerasaresultofanyjudgmentofacourtofcompetentjurisdictionobtainedbysuchBorroweragainstsuchDefaultingLenderasaresultofsuchDefaultingLender’sbreachofitsobligationsunderthisAgreementorunderanyotherLoanDocument;andeighth,tosuchDefaultingLenderorasotherwisedirectedbyacourtofcompetentjurisdiction;provided
thatif(x) suchpaymentisapaymentoftheprincipalamountofanyLoansorLCDisbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and(y) suchLoansweremadeortherelatedLettersofCreditwereissuedatatimewhentheconditionssetforthinSection 4.02weresatisfiedorwaived,suchpaymentshallbeappliedsolelytopaytheLoansof,andLCDisbursementsowedto,allnon-DefaultingLendersonapro ratabasispriortobeingappliedtothepaymentofanyLoansof,orLCDisbursementsowedto,suchDefaultingLenderuntilsuchtimeasallLoansandfundedandunfundedparticipationsintheBorrowers’obligationscorrespondingtosuchDefaultingLender’sLCExposureandSwinglineLoansareheldbytheLenderspro ratainaccordancewiththeCommitmentswithoutgivingeffecttoclause (d)below.Anypayments,prepaymentsorotheramountspaidorpayabletoaDefaultingLenderthatareapplied(orheld)topayamountsowedbya81






	
	DefaultingLenderortopostcashcollateralpursuanttothisSectionshallbedeemedpaidtoandredirected by such Defaulting Lender, and each Lender irrevocably consents hereto;(c)   theCommitmentandRevolvingCreditExposureofsuchDefaultingLendershallnotbeincludedindeterminingwhethertheRequiredLendershavetakenormaytakeanyactionhereunder(includinganyconsenttoanyamendment,waiverorothermodificationpursuanttoSection9.02);provided
,that,exceptasotherwiseprovidedinSection9.02,thisclause(c)shallnotapplytothevoteofaDefaultingLenderinthecaseofanamendment,waiverorothermodificationrequiringtheconsent of such Lender or each Lender directly affected thereby;(d)   if any Swingline Exposure or LC Exposure exists at the time such Lender becomes aDefaulting Lender then:(i)   alloranypartoftheSwinglineExposureandLCExposureofsuchDefaultingLender (other than, in the case of a Defaulting Lender that is a Swingline Lender, the portionofsuchSwinglineExposurereferredtoinclause (b)ofthedefinitionofsuchterm)shallbereallocatedamongthenon-DefaultingLendersinaccordancewiththeirrespectiveApplicablePercentagesbutonlytotheextentthatsuchreallocationdoesnot,astoanynon-Defaulting Lender, cause the Dollar Amount of such non-Defaulting Lender’s RevolvingCredit Exposure to exceed its Revolving Commitment;(ii)   ifthereallocationdescribedinclause(i)abovecannot,orcanonlypartially,beeffected,theCompanyshallwithinthree(3)BusinessDaysfollowingnoticebytheAdministrative Agent (x) first
, prepay such Swingline Exposure and (y) second
, upon requestoftheAdministrativeAgent,cashcollateralizeforthebenefitoftheIssuingBankonlytheBorrowers’ obligations corresponding to such Defaulting Lender’s LC Exposure (after givingeffecttoanypartialreallocationpursuanttoclause(i)above)inaccordancewiththeprocedures set forth in Section 2.06(j) for so long as such LC Exposure is outstanding;(iii)   iftheCompanycashcollateralizesanyportionofsuchDefaultingLender’sLCExposure pursuant to clause (ii) above, the Borrowers shall not be required to pay any fees tosuchDefaultingLenderpursuanttoSection2.12(b)withrespecttosuchDefaultingLender’sLC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized;(iv)   iftheLCExposureofthenon-DefaultingLendersisreallocatedpursuanttoclause(i)above,thenthefeespayabletotheLenderspursuanttoSection2.12(b)shallbeadjustedin accordance with such non-Defaulting Lenders’ Applicable Percentages; and(v)   ifalloranyportionofsuchDefaultingLender’sLCExposureisneitherreallocatednorcashcollateralizedpursuanttoclause(i)or(ii)above,then,withoutprejudicetoanyrightsorremediesoftheIssuingBankoranyotherLenderhereunder,allfacilityfeesthatotherwisewouldhavebeenpayabletosuchDefaultingLender(solelywithrespecttotheportionofsuchDefaultingLender’sCommitmentthatwasutilizedbysuchLCExposure)andletterofcreditfeespayableunderSection2.12(b)withrespecttosuchDefaultingLender’sLCExposureshallbepayabletotheIssuingBankuntilandtotheextentthatsuchLC Exposure is reallocated and/or cash collateralized; and(e)   solongassuchLenderisaDefaultingLender,theSwinglineLendershallnotberequiredtofundanySwinglineLoanandtheIssuingBankshallnotberequiredtoissue,amendorincreaseanyLetterofCredit,unlessitissatisfiedthattherelatedexposureandtheDefaultingLender’sthenoutstandingLCExposurewillbe100%coveredbytheRevolvingCommitmentsofthe82






	
	non-DefaultingLendersand/orcashcollateralwillbeprovidedbytheCompanyinaccordancewithSection2.24(d),andparticipatinginterestsinanysuchnewlymadeSwinglineLoanoranynewlyissuedorincreasedLetterofCreditshallbeallocatedamongnon-DefaultingLendersinamannerconsistentwith Section 2.24(d)(i) (and such Defaulting Lender shall not participate therein).If(i)aBankruptcyEventoraBail-InActionwithrespecttoaLenderParentshalloccurfollowingthedatehereofandforsolongassucheventshallcontinueor(ii)theSwinglineLenderortheIssuingBankhasagoodfaithbeliefthatanyLenderhasdefaultedinfulfillingitsobligationsunderoneormoreotheragreementsinwhichsuchLendercommitstoextendcredit,theSwinglineLendershallnotberequiredtofundanySwinglineLoanandtheIssuingBankshallnotberequiredtoissue,amendorincreaseanyLetterofCredit,unlesstheSwinglineLenderortheIssuingBank,asthecasemaybe,shallhaveenteredintoarrangementswiththeCompanyorsuchLender,reasonablysatisfactorytotheSwinglineLenderortheIssuingBank,asthecasemaybe,todefeaseanyrisktoitinrespectofsuchLender hereunder.IntheeventthattheAdministrativeAgent,theCompany,theSwinglineLenderandtheIssuingBankeachagreesthataDefaultingLenderhasadequatelyremediedallmattersthatcausedsuchLendertobeaDefaultingLender,thentheSwinglineExposureandLCExposureoftheLendersshallbereadjustedtoreflecttheinclusionofsuchLender’sCommitmentandonsuchdatesuchLendershallpurchaseatparsuchoftheLoansoftheotherLenders(otherthanSwinglineLoans)astheAdministrativeAgentshalldeterminemaybenecessaryinorderforsuchLendertoholdsuchLoansinaccordance with its Applicable Percentage.ARTICLE IIIRepresentations and Warranties
Each Borrower represents and warrants to the Lenders that:SECTION 3.01.   Organization;
Powers;
Subsidiaries
..EachoftheCompanyanditsSubsidiariesisdulyorganized,validlyexistingandingoodstanding(totheextentsuchconceptisapplicableintherelevantjurisdiction)underthelawsofthejurisdictionofitsorganization,hasallrequisitepowerandauthority to carry on its business as now conducted and, except where the failure to do so, individually orintheaggregate,couldnotreasonablybeexpectedtoresultinaMaterialAdverseEffect,isqualifiedtodobusinessin,andisingoodstanding(totheextentsuchconceptisapplicable)in,everyjurisdictionwheresuchqualificationisrequired.Asofthedatehereof,Schedule3.01heretoidentifieseachSubsidiary,ifsuchSubsidiaryisaMaterialSubsidiary,thejurisdictionofitsincorporationororganization,asthecasemaybe,thepercentageofissuedandoutstandingsharesofeachclassofitscapitalstockorotherequityinterestsownedbytheCompanyandtheotherSubsidiariesand,ifsuchpercentageisnot100%(excludingdirectors’qualifyingsharesasrequiredbylaw),adescriptionofeachclassissuedandoutstanding.AlloftheoutstandingsharesofcapitalstockandotherequityinterestsofeachSubsidiaryarevalidlyissuedandoutstandingandfullypaidandnonassessableandallsuchsharesandotherequityinterestsindicatedonSchedule3.01asownedbytheCompanyoranotherSubsidiaryasof the date hereof are owned, beneficially and of record, by the Company or any Subsidiary free and clearof all Liens, other than Liens created under the Loan Documents.  There are no outstanding commitmentsorotherobligationsoftheCompanyoranySubsidiarytoissue,andnooptions,warrantsorotherrightsof any Person to acquire, any shares of any class of capital stock or other equity interests of the Companyor any Subsidiary.SECTION 3.02.   Authorization;
Enforceability
..TheTransactionsarewithineachBorrower’sorganizationalpowersandhavebeendulyauthorizedbyallnecessaryorganizationalactionsand,if83






	
	required,actionsbyequityholders.ThisAgreementandeachotherLoanDocumenttowhicheachLoanPartyisapartyhavebeendulyexecutedanddeliveredbysuchLoanPartyandconstitutealegal,validand binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicablebankruptcy,insolvency,reorganization,moratoriumorotherlawsaffectingcreditors’rightsgenerallyandsubjecttogeneralprinciplesofequity,regardlessofwhetherconsideredinaproceedinginequityorat law.SECTION 3.03.   Governmental
Approvals;
No
Conflicts
..TheTransactions(a)donotrequirethe Company or any of its Subsidiaries to obtain or make any consent or approval of, registration or filingwith,oranyotheractionby,anyGovernmentalAuthority,exceptsuchashavebeenobtainedormadeandareinfullforceandeffectandexceptforfilingsnecessarytoperfectLienscreatedpursuanttotheLoanDocuments,(b)willnotviolateanyapplicablelaworregulationorthecharter,by-lawsorotherorganizationaldocumentsoftheCompanyoranyofitsSubsidiariesoranyorderofanyGovernmentalAuthorityapplicabletotheCompanyoranyofitsSubsidiaries,(c)willnotviolateorresultinadefaultunderanyindenture,agreementorotherinstrumentbindingupontheCompanyoranyofitsSubsidiariesoritsassets,orgiverisetoarightthereundertorequireanypaymenttobemadebytheCompanyoranyofitsSubsidiaries,and(d)willnotresultinthecreationorimpositionofanyLienonanyassetoftheCompany or any of its Subsidiaries, other than Liens created under the Loan Documents.SECTION 3.04.   Financial
Condition;
No
Material
Adverse
Change
..(a)TheCompanyhasheretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholdersequityandcashflowsasofandforthefiscalyearendedDecember31,2020reportedonbyDeloitteLLP.Suchfinancialstatementspresentfairly,inallmaterialrespects,thefinancialpositionandresultsofoperationsandcashflowsoftheCompanyanditsconsolidatedSubsidiariesasofsuchdatesandforsuch periods in accordance with GAAP.(b)   SinceDecember31,2020,therehasbeennomaterialadversechangeinthebusiness, assets, operations or financial condition of the Company and its Subsidiaries, taken as a whole.SECTION 3.05.   Properties
..(a)EachoftheCompanyanditsSubsidiarieshasgoodtitleto,orvalidleaseholdinterestsin,allitsrealandpersonalpropertymaterialtoitsbusiness,exceptforminordefectsintitlethatdonotmateriallyinterferewithitsabilitytoconductitsbusinessascurrentlyconducted or to utilize such properties for their intended purposes.(b)   EachoftheCompanyanditsSubsidiariesowns,orislicensedtouse,alltrademarks,tradenames,copyrights,patentsandotherintellectualpropertymaterialtoitsbusiness,and,totheknowledgeoftheCompany,theusethereofbytheCompanyanditsSubsidiariesdoesnotinfringeupontherightsofanyotherPerson,exceptforanysuchinfringementsthat,individuallyorintheaggregate, could not reasonably be expected to result in a Material Adverse Effect.SECTION 3.06.   Litigation
and
Environmental
Matters
..(a)Therearenoactions,suits,proceedingsorinvestigationsbyorbeforeanyarbitratororGovernmentalAuthoritypendingagainstor,to the knowledge of any Borrower, threatened against or affecting the Company or any of its Subsidiaries(i)astowhichthereisareasonablepossibilityofanadversedeterminationandthat,ifadverselydetermined,couldreasonablybeexpected,individuallyorintheaggregate,toresultinaMaterialAdverseEffector(ii)thatinvolvethisAgreementortheTransactions.Therearenolaborcontroversiespendingagainstor,totheknowledgeoftheCompany,threatenedagainstoraffectingtheCompanyoranyofitsSubsidiaries(i)whichcouldreasonablybeexpected,individuallyorintheaggregate,toresultin a Material Adverse Effect, or (ii) that involve this Agreement or the Transactions.84






	
	(b)   Exceptwithrespecttoanyothermattersthat,individuallyorintheaggregate,couldnotreasonablybeexpectedtoresultinaMaterialAdverseEffect,neithertheCompanynoranyofitsSubsidiaries(i)hasfailedtocomplywithanyEnvironmentalLawortoobtain,maintainorcomplywithanypermit,licenseorotherapprovalrequiredunderanyEnvironmentalLaw,(ii)hasbecomesubjecttoanyEnvironmentalLiability,(iii)hasreceivednoticeofanyclaimwithrespecttoanyEnvironmentalLiability or (iv) knows of any basis for any Environmental Liability.SECTION 3.07.   Compliance
with
Laws
and
Agreements
..EachoftheCompanyanditsSubsidiariesisincompliancewithalllaws,regulationsandordersofanyGovernmentalAuthorityapplicabletoitoritspropertyandallindentures,agreementsandotherinstrumentsbindinguponitoritsproperty,exceptwherethefailuretodoso,individuallyorintheaggregate,couldnotreasonablybeexpected to result in a Material Adverse Effect.SECTION 3.08.   Investment
Company
Status
..NeithertheCompanynoranyofitsSubsidiariesis an “investment company” as defined in, or subject to regulation under, the Investment Company Act of1940.SECTION 3.09.   Taxes
..EachoftheCompanyanditsSubsidiarieshastimelyfiledorcausedtobe filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxesrequiredtohavebeenpaidbyit,except(a)TaxesthatarebeingcontestedingoodfaithbyappropriateproceedingsandforwhichtheCompanyorsuchSubsidiary,asapplicable,hassetasideonitsbooksadequatereservesor(b)totheextentthatthefailuretodosocouldnotreasonablybeexpectedtoresultin a Material Adverse Effect.SECTION 3.10.   ERISA
..  No ERISA Event has occurred or is reasonably expected to occur that,whentakentogetherwithallothersuchERISAEventsforwhichliabilityisreasonablyexpectedtooccur, could reasonably be expected to result in a Material Adverse Effect.SECTION 3.11.   Disclosure
..(a)TheCompanyhasdisclosedtotheLendersallagreements,instrumentsandcorporateorotherrestrictionstowhichitoranyofitsSubsidiariesissubject,andallothermattersknowntoit,that,individuallyorintheaggregate,couldreasonablybeexpectedtoresultinaMaterialAdverseEffect.Noneofthereports,financialstatements,certificatesorotherinformationfurnishedbyoronbehalfoftheCompanyoranySubsidiarytotheAdministrativeAgentoranyLenderinconnectionwiththeInformationMemorandum,thenegotiationofthisAgreementordeliveredhereunder(asmodifiedorsupplementedbyotherinformationsofurnished)containsanymaterialmisstatementoffactoromitstostateanymaterialfactnecessarytomakethestatementstherein,inthelightofthecircumstancesunderwhichtheyweremade,notmisleading;provided
that,withrespecttoprojected financial information, the Borrowers represent only that such information was prepared in goodfaith based upon assumptions believed to be reasonable at the time.(b)   AsoftheRestatementEffectiveDate,tothebestknowledgeoftheCompany,theinformationincludedinthemostrecentBeneficialOwnershipCertification,ifany,providedonorpriortotheRestatementEffectiveDatetoanyLenderinconnectionwiththisAgreementistrueandcorrectinall respects.SECTION 3.12.   Federal
Reserve
Regulations
..NopartoftheproceedsofanyLoanhavebeenusedorwillbeused,whetherdirectlyorindirectly,foranypurposethatentailsaviolationofanyoftheRegulations of the Board, including Regulations T, U and X.85






	
	SECTION 3.13.   Liens
..TherearenoLiensonanyoftherealorpersonalpropertiesoftheCompany or any Subsidiary except for Liens permitted by Section 6.02.SECTION 3.14.   No Default
..  No Default or Event of Default has occurred and is continuing.SECTION 3.15.   Anti-Corruption
Laws
and
Sanctions
..TheCompanyhasimplementedandmaintainsineffectpoliciesandproceduresdesignedtoensurecompliancebytheCompany,itsSubsidiariesandtheirrespectivedirectors,officers,employeesandagentswithAnti-CorruptionLaws,Anti-MoneyLaunderingLawsandapplicableSanctions,andtheCompany,itsSubsidiariesandtheirrespectiveofficersandemployeesandtotheknowledgeoftheCompanyitsdirectorsandagents,areincompliancewithAnti-CorruptionLaws,Anti-MoneyLaunderingLawsandapplicableSanctionsinallmaterialrespectsand,inthecaseofanyForeignSubsidiaryBorrower,isnotknowinglyengagedinanyactivitythatcouldreasonablybeexpectedtoresultinsuchBorrowerbeingdesignatedasaSanctionedPerson.Noneof(a)theCompany,anySubsidiaryortotheknowledgeoftheCompanyorsuchSubsidiaryanyoftheirrespectivedirectors,officersoremployees,or(b)totheknowledgeoftheCompany, any agent of the Company or any Subsidiary that will act in any capacity in connection with orbenefitfromthecreditfacilityestablishedhereby,isaSanctionedPerson.NoBorrowingorLetterofCredit,useofproceedsorotherTransactionswillviolateanyAnti-CorruptionLaworapplicableSanctions.TheforegoingrepresentationsinthisSection 3.15willnotapplytoanypartyheretotowhichCouncilRegulation(EC) 2271/96(the“Blocking
Regulation
 ”)applies,ifandtotheextentthatsuchrepresentationsareorwouldbeunenforceablebyorinrespectofthatpartypursuantto,orwouldotherwiseresultinabreachand/orviolationof,(i) anyprovisionoftheBlockingRegulation(oranylaworregulationimplementingtheBlockingRegulationinanymemberstateoftheEuropeanUnion)or(ii) any similar blocking or anti-boycott law in the United Kingdom.SECTION 3.16.   Insurance
..TheCompanymaintains,andhascausedeachSubsidiarytomaintain,withfinanciallysoundandreputableinsurancecompanies,insuranceonalltheirrealandpersonal property in such amounts, subject to such deductibles and self-insurance retentions and coveringsuchpropertiesandrisksasareadequateandcustomarilymaintainedbycompaniesengagedinthesameor similar businesses operating in the same or similar locations.SECTION 3.17.   Security
Interest
in
Collateral
..TheprovisionsofthisAgreementandtheotherLoanDocumentscreatelegalandvalidperfectedLiensonalltheCollateralinfavoroftheAdministrativeAgent,forthebenefitoftheSecuredParties,andsuchLiensconstituteperfectedandcontinuingLiensontheCollateral,securingtheSecuredObligations,enforceableagainsttheapplicableLoanPartyandallthirdparties,andhavingpriorityoverallotherLiensontheCollateralexceptinthecaseof(a) PermittedEncumbrances,totheextentanysuchPermittedEncumbranceswouldhavepriorityovertheLiensinfavoroftheAdministrativeAgentpursuanttoanyapplicablelawand(b) Liensperfectedonlybypossession(includingpossessionofanycertificateoftitle)totheextenttheAdministrative Agent has not obtained or does not maintain possession of such Collateral.SECTION 3.18.   Use
of
Proceeds
..TheproceedsoftheLoanshavebeenusedandwillbeused,whether directly or indirectly as set forth in Section 5.08.SECTION 3.19.   Solvency
..(a)   ImmediatelyaftertheconsummationoftheTransactionstooccuronorbeforetheRestatementEffectiveDate,theCompanyanditsSubsidiaries,takenasawhole,areandwillbesolventas provided in the certificates provided pursuant to Sections 4.01(g) and 4.04(d), respectively, and will beSolvent at all other times after the RestatementEffectiveDate.86






	
	(b)   TheCompanydoesnotintendto,norwillitpermitanyofitsSubsidiariesto,andtheCompanydoesnotbelievethatitoranyofitsSubsidiarieswill,incurdebtsbeyonditsabilitytopaysuchdebtsastheymature,takingintoaccountthetimingofandamountsofcashtobereceivedbyitoranysuchSubsidiaryandthetimingoftheamountsofcashtobepayableonorinrespectofitsIndebtedness or the Indebtedness of any such Subsidiary.SECTION 3.20.   Affected
Financial
Institutions
..NoLoanPartyisanAffectedFinancialInstitution.SECTION 3.21.   Plan
Assets;
Prohibited
Transactions
..NoneoftheCompanyoranyofitsSubsidiariesisanentitydeemedtohold“planassets”(withinthemeaningofthePlanAssetRegulations),andneithertheexecution,deliverynorperformanceoftheTransactions,includingthemakingofanyLoanandtheissuanceofanyLetterofCredithereunder,willgiverisetoanon-exemptprohibited transaction under Section 406 of ERISA or Section 4975 of the Code.ARTICLE IVConditions
SECTION 4.01.   Restatement
Effective
Date
..TheamendmentandrestatementoftheExistingCreditAgreementandtheobligationsoftheLenderstomakeLoansandoftheIssuingBanktoissueLettersofCredithereundershallnotbecomeeffectiveuntilthedateonwhicheachofthefollowingconditions is satisfied (or waived in accordance with Section 9.02):(a)   TheAdministrativeAgent(oritscounsel)shallhavereceived(i)fromeachpartyhereto(includinganyDepartingLender)either(A)acounterpartofthisAgreementsignedonbehalfofsuchparty(which,subjecttoSection9.06(b),mayincludeanyElectronicSignaturestransmittedbytelecopy,emailedpdf,oranyotherelectronicmeansthatreproducesanimageofanactualexecutedsignaturepage)or(B)writtenevidencesatisfactorytotheAdministrativeAgent(which,subjecttoSection9.06(b),mayincludeanyElectronicSignaturestransmittedbytelecopy,emailedpdforanyotherelectronicmeansthatreproducedanimageofanactualexecutedsignaturepageofthisAgreement)thatsuchpartyhassignedacounterpartofthisAgreementand(ii) dulyexecutedcopiesoftheLoanDocuments(oramendmentsto,amendmentsandrestatementsoforreaffirmationsoftheExistingLoanDocuments)andsuchothercertificates,documents,instrumentsandagreementsastheAdministrativeAgentshallreasonablyrequestinconnectionwiththetransactionscontemplatedbythisAgreementandtheotherLoanDocuments,includinganypromissorynotesrequestedbyaLenderpursuanttoSection 2.10payabletotheorderofeachsuchrequestingLender,allinformandsubstancereasonablysatisfactorytotheAdministrativeAgentanditscounselandasfurtherdescribedinthelistofclosingdocuments attached as Exhibit E
..(b)   TheAdministrativeAgentshallhavereceivedsuchdocumentsandcertificatesastheAdministrativeAgentoritscounselmayreasonablyrequestrelatingtotheorganization,existenceandgoodstandingoftheinitialLoanParties,theauthorizationoftheTransactionsandanyotherlegalmattersrelatingtosuchLoanParties,theLoanDocumentsortheTransactions,allinformandsubstancesatisfactorytotheAdministrativeAgentanditscounselandasfurtherdescribedinthelistofclosingdocuments attached as Exhibit E
..(c)   The Administrative Agent shall have received favorable written opinions (addressedtotheAdministrativeAgentandtheLendersanddatedtheRestatementEffectiveDate)of(a)KristinStokes,GeneralCounseloftheCompanyand(b)Dorsey&WhitneyLLP,U.S.counseltotheLoanParties, in each case, covering such other matters relating to the Loan Parties, the Loan Documents or the87






	
	TransactionsastheAdministrativeAgentshallreasonablyrequest.TheCompanyherebyrequestssuchcounsels to deliver such opinions.(d)   TheLenders,theAdministrativeAgentandtheLeadArrangersshallhavereceivedorbeenauthorizedtodeductfromtheproceedsoftheCreditEventstooccurontheRestatementEffectiveDateallfeesrequiredtobepaidbytheCompanyonorbeforetheRestatementEffectiveDate,andallexpensesforwhichinvoiceshavebeenpresentednotlessthantwo(2)BusinessDayspriortotheRestatement Effective Date (except as otherwise reasonably agreed by the Company).(e)   The Lead Arrangers shall have received (i) audited consolidated financial statementsoftheCompanyforthefiscalyearsendedDecember31,2019andDecember31,2020;(ii)unauditedconsolidatedfinancialstatementsforanyinterimperiodorperiodsofeachoftheCompanyendedafterthedateofthemostrecentauditedfinancialstatements,totheextentavailable;and(iii)customaryadditionalauditedandunauditedfinancialstatementsforallrecent,probableorpendingacquisitionsbytheCompanyoranyofitsSubsidiaries.Thefilingoftherequiredfinancialstatementsunderclauses(i)and (ii) above on form 10-K and/or form 10-Q by the Company, as applicable will satisfy such requirementsfor the Company.(f)   TheAdministrativeAgentshallhavereceivedacopyoftheplanandforecastcoveringaperiodofnotlessthanfour(4)years(includingaprojectedconsolidatedbalancesheet,incomestatementandcashflowstatement)oftheCompanyanditsSubsidiariesinformreasonablysatisfactorytotheAdministrativeAgentanddemonstrating,inthereasonablejudgmentoftheAdministrativeAgent,theabilityoftheCompanyandtheotherBorrowerstorepaytheirdebtsandtocomply with the financial covenants hereunder.(g)   TheAdministrativeAgentshallhavereceived(i)acertificateintheformofExhibitM,datedtheRestatementEffectiveDateandsignedbythechieffinancialofficeroftheCompany,certifyingthattheCompanyanditsSubsidiariesaresolventasprovidedthereinasoftheRestatementEffectiveDateimmediatelyaftertheconsummationoftheTransactionsbeingeffectedonorbeforetheRestatement Effective Dateand (ii) a certificate dated as of the Restatement Effective Date and signed bythepresident,vicepresidentoraFinancialOfficeroftheCompanyconfirmingcompliancewiththeconditions set forth in Section 4.02(a) and (b) hereof.(h)   TheAdministrativeAgentshallhavereceived,atleastfive(5)dayspriortotheRestatementEffectiveDate,alldocumentationandotherinformationrequiredbyregulatoryauthoritiesunderapplicable“knowyourcustomer”andAnti-MoneyLaunderingLaws,rulesandregulations,includingthePATRIOTAct.TotheextenttheCompanyqualifiesasa“legalentitycustomer”undertheBeneficialOwnershipRegulation,atleastfive(5)dayspriortotheRestatementEffectiveDate,anyLenderthathasrequested,inawrittennoticetotheCompanyatleastten(10)dayspriortotheRestatementEffectiveDate,aBeneficialOwnershipCertificationinrelationtotheCompanyshallhavereceivedsuchBeneficialOwnershipCertification(provided
that,upontheexecutionanddeliverybysuchLenderofitssignaturepagetothisAgreement,theconditionsetforthinthissentenceshallbedeemed to be satisfied).(i)   The Administrative Agent (or its counsel) shall have received the following:(i)eachdocument(includinganyUCCfinancingstatement)requiredbytheCollateralDocumentsorunderlaworreasonablyrequestedbytheAdministrativeAgenttobefiled,registeredorrecorded in order to create in favor of the Administrative Agent, for the benefit of the Secured Parties (ortoreaffirmorre-evidencetheperfectionof),aperfectedLienontheCollateraldescribedtherein,prior88






	
	andsuperiorinrighttoanyotherPerson(otherthanwithrespecttoLiensexpresslypermittedbySection 6.02), in proper form for filing, registration or recordation; and(ii)(A)thecertificates(ifany)representingtheEquityInterestspledgedpursuanttotheCollateralDocuments,togetherwithanundatedstockpowerforeachsuchcertificateexecutedinblankbyadulyauthorizedofficerofthepledgorthereof,and(B)eachpromissorynote(ifany)pledgedtotheAdministrativeAgentpursuanttotheCollateralDocumentsendorsed(withoutrecourse)inblank(oraccompanied by an executed transfer form in blank) by the pledgor thereof.(j)   EachDepartingLendershallhavereceivedpaymentinfullofallofitsoutstanding“Obligations”owingundertheExistingCreditAgreement(otherthanobligationstopayfeesandexpenseswithrespecttowhichtheCompanyhasnotreceivedaninvoice,contingentindemnityobligations and other contingent obligations owing to it under the Existing Loan Documents).(k)   TheAdministrativeAgentshallhavereceivedsuchotherdocumentsastheAdministrativeAgent,theIssuingBanks,anyLenderortheirrespectivecounselmayhavereasonablyrequested.TheAdministrativeAgentshallnotifytheCompanyandtheLendersoftheRestatementEffectiveDate,and such notice shall be conclusive and binding.SECTION 4.02.   Each Other Credit Event
..  The obligation of each Lender to make a Loan on theoccasionofanyBorrowing,andoftheIssuingBankstoissue,amend,reneworextendanyLetterofCredit, is subject to the satisfaction of the following conditions:(a)   TherepresentationsandwarrantiesoftheBorrowerssetforthinthisAgreementshallbetrueandcorrectinallmaterialrespects(andinallrespectsifqualifiedbyMaterialAdverseEffectorothermaterialityqualifier)onandasofthedateofsuchBorrowingorthedateofissuance,amendment, renewal or extension of such Letter of Credit, as applicable.(b)   AtthetimeofandimmediatelyaftergivingeffecttosuchBorrowingortheissuance,amendment,renewalorextensionofsuchLetterofCredit,asapplicable,noDefaultshallhaveoccurred and be continuing.(c)   Nolaworregulationshallprohibit,andnoorder,judgmentordecreeofanyGovernmental Authority shall enjoin, prohibit or restrain, any Lender from making the requested Loan ortheIssuingBankoranyLenderfromissuing,renewing,extendingorincreasingthefaceamountoforparticipating in the Letter of Credit requested to be issued, renewed, extended or increased.EachBorrowingandeachissuance,amendment,renewalorextensionofaLetterofCreditshallbedeemed to constitute a representation and warranty by the Borrowers on the date thereof as to the mattersspecified in paragraphs (a) and (b) of this Section.SECTION 4.03.   Designation
of
a
Foreign
Subsidiary
Borrower
..ThedesignationofaForeignSubsidiaryBorrowerpursuanttoSection2.23issubjecttotheconditionprecedentthattheCompanyorsuchproposedForeignSubsidiaryBorrowershallhavefurnishedorcausedtobefurnishedtotheAdministrative Agent:(a)   Copies,certifiedbytheSecretaryorAssistantSecretaryofsuchSubsidiary,ofitsBoardofDirectors’resolutions(andresolutionsofotherbodies,ifanyaredeemednecessarybycounselfortheAdministrativeAgent)approvingtheBorrowingSubsidiaryAgreementandanyotherLoan89






	
	DocumentstowhichsuchSubsidiaryisbecomingapartyandsuchdocumentsandcertificatesastheAdministrativeAgentoritscounselmayreasonablyrequestrelatingtotheorganization,existenceandgood standing of such Subsidiary;(b)   Anincumbencycertificate,executedbytheSecretaryorAssistantSecretaryofsuchSubsidiary,whichshallidentifybynameandtitleandbearthesignatureoftheofficersofsuchSubsidiaryauthorizedtorequestBorrowingshereunderandsigntheBorrowingSubsidiaryAgreementandtheotherLoanDocumentstowhichsuchSubsidiaryisbecomingaparty,uponwhichcertificatetheAdministrativeAgentandtheLendersshallbeentitledtorelyuntilinformedofanychangeinwritingbythe Company or such Subsidiary;(c)   OpinionsofcounseltosuchSubsidiary,informandsubstancereasonablysatisfactorytotheAdministrativeAgentanditscounsel,withrespecttothelawsofitsjurisdictionoforganizationandsuchothermattersasarereasonablyrequestedbycounseltotheAdministrativeAgentand addressed to the Administrative Agent and the Lenders; and(d)   AnypromissorynotesrequestedbyanyLender,andanyotherinstrumentsanddocuments reasonably requested by the Administrative Agent.ARTICLE VAffirmative Covenants
UntiltheCommitmentshaveexpiredorbeenterminatedandtheprincipalofandinterestoneachLoanandallfeespayablehereundershallhavebeenpaidinfullandallLettersofCreditshallhave expired or terminated, in each case, without any pending draw, and all LC Disbursements shall havebeen reimbursed, the Company covenants and agrees with the Lenders that:SECTION 5.01.   Financial
Statements
and
Other
Information
..TheCompanywillfurnishtotheAdministrative Agent and each Lender:(a)   withinninety(90)daysaftertheendofeachfiscalyearoftheCompany,itsauditedconsolidatedbalancesheetandrelatedstatementsofoperations,stockholders’equityandcashflowsasof the end of and for such year, setting forth in each case in comparative form the figures for the previousfiscalyear,allreportedonbyDeloitteLLPorotherindependentpublicaccountantsofrecognizednationalstanding(withouta“goingconcern”orlikequalificationorexceptionandwithoutanyqualificationorexceptionastothescopeofsuchaudit)totheeffectthatsuchconsolidatedfinancialstatementspresentfairlyinallmaterialrespectsthefinancialconditionandresultsofoperationsoftheCompanyanditsconsolidatedSubsidiariesonaconsolidatedbasisinaccordancewithGAAPconsistently applied;(b)   withinfortyfive(45)daysaftertheendofeachofthefirstthreefiscalquartersofeachfiscalyearoftheCompany,itsconsolidatedbalancesheetandrelatedstatementsofoperations,stockholders’equityandcashflowsasoftheendofandforsuchfiscalquarterandthethenelapsedportion of the fiscal year, setting forth in each case in comparative form the figures for the correspondingperiodorperiodsof(or,inthecaseofthebalancesheet,asoftheendof)thepreviousfiscalyear,allcertifiedbyoneofitsFinancialOfficersaspresentingfairlyinallmaterialrespectsthefinancialconditionandresultsofoperationsoftheCompanyanditsconsolidatedSubsidiariesonaconsolidatedbasisinaccordancewithGAAPconsistentlyapplied,subjecttonormalyear-endauditadjustmentsandthe absence of footnotes;90






	
	(c)   concurrentlywithanydeliveryoffinancialstatementsunderclause(a)or(b)above,acertificateofaFinancialOfficeroftheCompany(i)certifyingastowhetheraDefaulthasoccurredand, if a Default has occurred, specifying the details thereof and any action taken or proposed to be takenwithrespectthereto,(ii)settingforthreasonablydetailedcalculationsdemonstratingcompliancewithSection6.10and(iii)statingwhetheranychangeinGAAPorintheapplicationthereofhasoccurredsincethedateoftheauditedfinancialstatementsreferredtoinSection3.04and,ifanysuchchangehasoccurred, specifying the effect of such change on the financial statements accompanying such certificate;(d)   concurrentlywithanydeliveryoffinancialstatementsunderclause(a)above,acertificate of the accounting firm that reported on such financial statements stating whether they obtainedknowledgeduringthecourseoftheirexaminationofsuchfinancialstatementsofanyDefault(whichcertificate may be limited to the extent required by accounting rules or guidelines);(e)   concurrentlywiththedeliveryofthecertificateofaFinancialOfficeroftheCompanyasrequiredbyclause(c)above,updatedversionsoftheExhibitstotheSecurityAgreement(providedthatiftherehavebeennochangestoanysuchExhibitssincethepreviousupdatingthereofrequiredhereby,theCompanyshallindicatethattherehasbeen“nochange”totheapplicableExhibit(s));(f)   promptlyafterthesamebecomepubliclyavailable,copiesofallperiodicandotherreports,proxystatementsandothermaterialsfiledbytheCompanyoranySubsidiarywiththeSecuritiesandExchangeCommission,oranyGovernmentalAuthoritysucceedingtoanyorallofthefunctionsofsaidCommission,orwithanynationalsecuritiesexchange,ordistributedbytheCompanytoitsshareholders generally, as the case may be; and(g)   promptlyfollowinganyrequesttherefor,(x)suchotherinformationregardingtheoperations,businessaffairsandfinancialconditionoftheCompanyoranySubsidiary,orcompliancewith the terms of this Agreement, as the Administrative Agent or any Lender may reasonably requestand(y)informationanddocumentationreasonablyrequestedbytheAdministrativeAgentoranyLenderforpurposesofcompliancewithapplicable“knowyourcustomer”andAnti-MoneyLaunderingLaws,rulesand regulations, including the Patriot Act and the Beneficial Ownership Regulation.AllfinancialstatementsandreportsreferredtoinSections5.01(a)and(b)shallbedeemedtohavebeendelivereduponthedateonwhichsuchdocumentsarefiledforpublicavailabilityontheU.S.SecuritiesandExchangeCommission’sElectronicDataGatheringandRetrievalSystemandthereceiptbytheAdministrativeAgentofelectronicnoticefromtheCompanywithalinktosuchfinancialstatementsandreports.Notwithstandinganythingcontainedherein,ineveryinstancetheCompanyshallberequiredtoprovidecopiesofthecompliancecertificatesrequiredbyclause (c)ofthisSection 5.01totheAdministrativeAgentbyelectronicmailofpdfdocuments,unlessotherwiserequestedbytheAdministrative Agent.SECTION 5.02.   Notices
of
Material
Events
..TheCompanywillfurnishtotheAdministrativeAgent and each Lender prompt written notice of the following:(a)   the occurrence of any Default;(b)   thefilingorcommencementofanyaction,suitorproceedingbyorbeforeanyarbitratororGovernmentalAuthorityagainstoraffectingtheCompanyoranyAffiliatethereofthat,ifadversely determined, could reasonably be expected to result in a Material Adverse Effect;91






	
	(c)   theoccurrenceofanyERISAEventthat,aloneortogetherwithanyotherERISAEvents that have occurred, could reasonably be expected to result in a Material Adverse Effect;(d)   any other development that results in, or could reasonably be expected to result in, aMaterial Adverse Effect; and(e)   anychangeintheinformationprovidedintheBeneficialOwnershipCertificationdelivered to such Lender, if any,that would result in a change to the list of beneficial owners identified insuch certification.EachnoticedeliveredunderthisSectionshallbeaccompaniedbyastatementofaFinancialOfficerorotherexecutiveofficeroftheCompanysettingforththedetailsoftheeventordevelopmentrequiringsuch notice and any action taken or proposed to be taken with respect thereto.SECTION 5.03.   Existence;
Conduct
of
Business
..TheCompanywill,andwillcauseeachofitsSubsidiariesto,doorcausetobedoneallthingsnecessarytopreserve,renewandkeepinfullforceandeffectitslegalexistenceandtherights,licenses,permits,privilegesandfranchisesmaterialtotheconductofitsbusiness;provided
thattheforegoingshallnotprohibitanymerger,consolidation,liquidation or dissolution permitted under Section 6.03.SECTION 5.04.   Payment
of
Obligations
..TheCompanywill,andwillcauseeachofitsSubsidiariesto,payitsobligations,includingTaxliabilities,that,ifnotpaid,couldreasonablybeexpectedtoresultinaMaterialAdverseEffectbeforethesameshallbecomedelinquentorindefault,exceptwhere(a)thevalidityoramountthereofisbeingcontestedingoodfaithbyappropriateproceedings,(b)theCompanyorsuchSubsidiaryhassetasideonitsbooksadequatereserveswithrespect thereto in accordance with GAAP and (c) the failure to make payment pending such contest couldnot reasonably be expected to result in a Material Adverse Effect.SECTION 5.05.   Maintenance
of
Properties;
Insurance
..TheCompanywill,andwillcauseeachofitsSubsidiariesto,(a) keepandmaintainallpropertymaterialtotheconductofitsbusinessingoodworkingorderandcondition,ordinarywearandtearexcepted,and(b) maintainwithfinanciallysoundand reputable carriers (i) insurance in such amounts (with no greater risk retention) and against such risks(includinglossordamagebyfireandlossintransit;theft,burglary,pilferage,larceny,embezzlement,andothercriminalactivities;businessinterruption;andgeneralliability)andsuchotherhazards,asiscustomarilymaintainedbycompaniesofestablishedreputeengagedinthesameorsimilarbusinessesoperatinginthesameorsimilarlocationsand(ii) allinsurancerequiredpursuanttotheCollateralDocuments.TheCompanywillfurnishtotheLenders,uponrequestoftheAdministrativeAgent,informationinreasonabledetailastotheinsurancesomaintained.TheCompanyshalldelivertotheAdministrativeAgentendorsements(x) toall“AllRisk”physicaldamageinsurancepoliciesonalloftheLoanParties’tangiblepersonalpropertyandassetsinsurancepoliciesnamingtheAdministrativeAgentaslenderlosspayee,and(y) toallgeneralliabilityandotherliabilitypoliciesnamingtheAdministrativeAgentanadditionalinsured.IntheeventtheCompanyoranyofitsSubsidiariesatanytimeortimeshereaftershallfailtoobtainormaintainanyofthepoliciesorinsurancerequiredhereinortopayanypremium in whole or in part relating thereto, then the Administrative Agent, without waiving or releasinganyobligationsorresultingDefaulthereunder,mayatanytimeortimesthereafter(butshallbeundernoobligationtodoso)obtainandmaintainsuchpoliciesofinsuranceandpaysuchpremiumsandtakeanyotheractionwithrespecttheretowhichtheAdministrativeAgentdeemsadvisable.Allsumssodisbursed by the Administrative Agent shall constitute part of the Obligations, payable as provided in thisAgreement.TheCompanywillfurnishtotheAdministrativeAgentandtheLenderspromptwrittennoticeofanycasualtyorotherinsureddamagetoanymaterialportionoftheCollateralorthe92






	
	commencementofanyactionorproceedingforthetakingofanymaterialportionoftheCollateralorinterest therein under power of eminent domain or by condemnation or similar proceeding.SECTION 5.06.   Books and Records; Inspection Rights
..  The Company will, and will cause eachofitsSubsidiariesto,keepproperbooksofrecordandaccountinwhichfull,trueandcorrectentriesaremadeofalldealingsandtransactionsinrelationtoitsbusinessandactivities.TheCompanywill,andwillcauseeachofitsSubsidiariesto,permitanyrepresentativesdesignatedbytheAdministrativeAgentoranyLender,uponreasonablepriornotice,tovisitandinspectitsproperties,toexamineandmakeextractsfromitsbooksandrecords,andtodiscussitsaffairs,financesandconditionwithitsofficersandindependentaccountants,allatsuchreasonabletimesandasoftenasreasonablyrequested.TheCompanyacknowledgesthattheAdministrativeAgent,afterexercisingitsrightsofinspection,mayprepareanddistributetotheLenderscertainReportspertainingtotheCompanyanditsSubsidiaries’assets for internal use by the Administrative Agent and the Lenders.SECTION 5.07.   Compliance
with
Laws
..TheCompanywill,andwillcauseeachofitsSubsidiariesto,(i)complywithalllaws,rules,regulationsandordersofanyGovernmentalAuthorityapplicabletoitoritsproperty(includingwithoutlimitationEnvironmentalLaws)and(ii)performinallmaterialrespectsitsobligationsundermaterialagreementstowhichitisaparty,ineachcaseexceptwhere the failure to do so, individually or in the aggregate, could not reasonably be expected to result in aMaterialAdverseEffect.TheCompanywillmaintainineffectandenforcepoliciesandproceduresdesignedtoensurecompliancebytheCompany,itsSubsidiariesandtheirrespectivedirectors,officers,employeesandagentswithAnti-CorruptionLaws,Anti-MoneyLaunderingLawsandapplicableSanctions.SECTION 5.08.   Use of Proceeds
..(a)   TheproceedsoftheDelayedDrawTermLoans,alongwithotherfunds(includingcertainproceedsofRevolvingLoans),shallbeusedtorepayinfulltheoutstandingPrivatePlacementNotes.(b)   TheproceedsoftheRevolvingLoansaftertheRestatementEffectiveDateshallbeusedtorepayexistingindebtedness(includingtheoutstandingPrivatePlacementNotes),feesandexpensesassociatedwiththeTransactions,financetheworkingcapitalneeds,andforgeneralcorporatepurposes,oftheCompanyanditsSubsidiariesintheordinarycourseofbusiness(includingacquisitions(otherthanHostileAcquisitions),investmentsinjointventures,dividendsandsharerepurchases,alltothe extent permitted hereunder).(c)   NopartoftheproceedsofanyLoanwillbeused,whetherdirectlyorindirectly,foranypurposethatentailsaviolationofanyoftheRegulationsoftheBoard,includingRegulationsT,UandX.NoBorrowerwillrequestanyBorrowingorLetterofCredit,andnoBorrowershalluse,andtheCompanyshallprocurethatitsSubsidiariesanditsortheirrespectivedirectors,officers,employeesandagentsshallnotuse,theproceedsofanyBorrowingorLetterofCredit(i)infurtheranceofanoffer,payment,promisetopay,orauthorizationofthepaymentorgivingofmoney,oranythingelseofvalue,toanyPersoninviolationofanyAnti-CorruptionLawsorAnti-MoneyLaunderingLaws,(ii)forthepurposeoffunding,financingorfacilitatinganyactivities,businessortransactionoforwithanySanctionedPerson,orinanySanctionedCountry,totheextentsuchactivities,businessesortransactionwouldbeprohibitedbySanctionsifconductedbyacorporationincorporatedintheUnitedStatesorinaEuropeanUnionmemberstateor(iii)inanymannerthatwouldresultintheviolationofanySanctionsapplicabletoanypartyhereto.Theforegoingclauses (ii)and(iii)ofthisSection 5.08(c)willnotapplyto any party hereto to which the Blocking Regulation applies, if and to the extent that such provisionsareorwouldbeunenforceablebyorinrespectofthatpartypursuantto,orwouldotherwiseresultina93






	
	breachand/orviolationof,(i) anyprovisionoftheBlockingRegulation(oranylaworregulationimplementingtheBlockingRegulationinanymemberstateoftheEuropeanUnion)or(ii) anysimilarblocking or anti-boycott law in the United Kingdom.SECTION 5.09.   Subsidiary Guaranty; Pledges; Additional Collateral; Further Assurances
..(a)   Aspromptlyaspossiblebutinanyeventwithinthirty(30)days(orsuchlaterdateas may be agreed upon by the Administrative Agent) after any Person becomes a Subsidiaryand qualifiesas,oranySubsidiaryqualifiesindependentlyas,orisdesignatedbytheCompanyortheAdministrativeAgentas,aSubsidiaryGuarantorpursuanttothedefinitionof“MaterialSubsidiary”,orintheeventtheCompanyelectstodesignateanySubsidiaryasaSubsidiaryGuarantor,theCompanyshallprovidetheAdministrative Agent with written notice thereof setting forth information in reasonable detail describingthematerialassetsofsuchPersonandshallcauseeachsuchSubsidiarywhichalsoqualifiesasaSubsidiaryGuarantortodelivertotheAdministrativeAgentajoindertotheSubsidiaryGuarantyandtheSecurityAgreement(ineachcase)intheformcontemplatedtherebypursuanttowhichsuchSubsidiaryagreestobeboundbythetermsandprovisionsofthereof,suchSubsidiaryGuarantyandtheSecurityAgreementtobeaccompaniedbyappropriatecorporateresolutions,othercorporatedocumentationandlegalandjoinderopinions,astheAdministrativeAgentmayreasonablyrequest,informandsubstancereasonablysatisfactorytotheAdministrativeAgentanditscounsel.Notwithstandingtheforegoing,noReceivables Entity shall be required to become a Subsidiary Guarantor.(b)   The Company will cause, and will cause each other Loan Party, other than a ForeignSubsidiaryBorrower, to cause, all of its owned personal property (whether tangible, intangible, or mixed)tobesubjectatalltimestofirstpriority,perfectedLiensinfavoroftheAdministrativeAgentforthebenefitoftheSecuredPartiestosecuretheSecuredObligationsinaccordancewiththetermsandconditionsoftheCollateralDocuments,subjectinanycasetoLienspermittedbySection 6.02.Withoutlimitingthegeneralityoftheforegoing,theCompany willcausetheApplicablePledgePercentageoftheissued and outstanding Equity Interests of each Pledge Subsidiary directly owned by the Company or anyotherLoanParty,otherthanaForeignSubsidiaryBorrower,tobesubjectatalltimestoafirstpriority,perfectedLienundertheUCCinfavoroftheAdministrativeAgenttosecuretheSecuredObligationsinaccordancewiththetermsandconditionsoftheCollateralDocumentsorsuchotherpledgeandsecuritydocumentsastheAdministrativeAgentshallreasonablyrequest,includingPledgeAgreementsrequiredtocreateafirstpriorityperfectedLienintheEquityInterestsofaFirst-TierForeignSubsidiarythatisaMaterialSubsidiaryunderthelawsofitsjurisdictionofincorporationororganization.Notwithstandingtheforegoing,nosuchPledgeAgreementinrespectoftheEquityInterestsofaFirst-TierForeignSubsidiarythatisaMaterialSubsidiaryshallberequiredhereunder totheextenttheAdministrativeAgent or its counsel determines that such pledge would not provide material credit support for the benefitof the Secured Parties pursuant to legally valid, binding and enforceable Pledge Agreements.(c)   Withoutlimiting,butnotincontraventionof,theforegoing,theCompanywill,andwillcauseeachSubsidiaryto,executeanddeliver,orcausetobeexecutedanddelivered,totheAdministrativeAgentsuchdocuments,agreementsandinstruments,andwilltakeorcausetobetakensuchfurtheractions(includingthefilingandrecordingoffinancingstatementsandotherdocumentsandsuchotheractionsordeliveriesofthetyperequiredbySection 4.01,asapplicable),whichmayberequiredbylaworwhichtheAdministrativeAgentmay,fromtimetotime,reasonablyrequesttocarryoutthetermsandconditionsofthisAgreementandtheotherLoanDocumentsandtoensureperfectionand priority of the Liens created or intended to be created by the Collateral Documents, all at the expenseoftheCompany;providedthattheCompanyshallnotberequiredtocausesuchactiontobetakenifaDeemed Dividend Problem or Financial Assistance Problem would occur.94






	
	(d)   IfanyassetsareacquiredbyaLoanPartyaftertheRestatementEffectiveDate(otherthanassetsconstitutingCollateralundertheSecurityAgreementthatbecomesubjecttotheLienundertheSecurityAgreementuponacquisitionthereof),theCompanywillnotifytheAdministrativeAgentthereof,and,ifrequestedbytheAdministrativeAgent,theCompanywillcausesuchassetstobesubjectedtoaLiensecuringtheSecuredObligationsandwilltake,andcausetheotherLoanPartiestotake,suchactionsasshallbenecessaryorreasonablyrequestedbytheAdministrativeAgenttograntandperfectsuchLiens,includingactionsdescribedinparagraph (c)ofthisSection,allattheexpenseoftheCompany.SECTION 5.10.   Lender
Call
and
Narrative
Discussions
..TheCompanywill,within90daysafterthecloseofeachfiscalyearoftheCompany(orsuchlaterdateastheAdministrativeAgentmayagree),attherequestoftheAdministrativeAgentanduponreasonablepriornotice,holdatelephonicmeetingwithallLenderswhochoosetoattendsuchmeetingatwhichmeetingshallbereviewedthefinancialresultsofthepreviousfiscalyearandthefinancialconditionoftheLoanPartiesandtheprojections presented for the current fiscal year of the Company.ARTICLE VINegative Covenants
UntiltheCommitmentshaveexpiredorterminatedandtheprincipalofandinterestoneachLoanandallfeespayablehereunderhavebeenpaidinfullandallLettersofCredithaveexpiredorterminated,ineachcase,withoutanypendingdraw,andallLCDisbursementsshallhavebeenreimbursed, the Company covenants and agrees with the Lenders that:SECTION 6.01.   Indebtedness
..TheCompanywillnot,andwillnotpermitanySubsidiaryto,create, incur, assume or permit to exist any Indebtedness, except:(a)   theSecuredObligationsandanyotherIndebtednesscreatedundertheLoanDocuments;(b)   IndebtednessexistingontheRestatementEffectiveDateandsetforthinSchedule6.01andextensions,renewalsandreplacementsofanysuchIndebtednesswithIndebtednessofasimilartype that does not, for purposes of this clause (b), increase the outstanding principal amount thereof;(c)   IndebtednessoftheCompanytoanySubsidiaryandofanySubsidiarytotheCompanyoranyotherSubsidiary;provided
thatIndebtednessofanySubsidiarythatisnotaLoanPartyto any Loan Party shall be subject to the limitations set forth in Section 6.04(c);(d)   GuaranteesbytheCompanyofIndebtednessofanySubsidiaryandbyanySubsidiary of Indebtedness of the Company or any other Subsidiary;(e)   IndebtednessoftheCompanyoranySubsidiaryincurredtofinancetheacquisition,constructionorimprovementofanyfixedorcapitalassets,includingCapitalLeaseObligationsandanyIndebtednessassumedinconnectionwiththeacquisitionofanysuchassetsorsecuredbyaLienonanysuchassetspriortotheacquisitionthereof,andextensions,renewalsandreplacementsofanysuchIndebtednessthatdonot,forpurposesofthisclause(e),increasetheoutstandingprincipalamountthereof;provided
that(i)suchIndebtednessisincurredpriortoorwithin180daysaftersuchacquisitionorthecompletionofsuchconstructionorimprovementand(ii)theaggregateprincipalamountof95






	
	Indebtednesspermittedbythisclause(e)shallnotexceed$35,000,000intheaggregateatanytimeoutstanding to finance the acquisition, construction or improvement of any other fixed or capital assets;(f)   anyIndebtednessofaPersonpriortotheacquisitionthereofbytheCompanyoranySubsidiary;provided
that(i)suchIndebtednessisnotincurredincontemplationoforinconnectionwithsuchacquisitionorsuchPersonbecomingaSubsidiary,asthecasemaybe,(ii)suchIndebtednessshallnothaverecoursetoanyotherpropertyorassetsoftheCompanyoranySubsidiaryand(iii)anyextensions,renewalsandreplacementsthereofthatdonotincreasetheoutstandingprincipalamountthereof;(g)   IndebtednessoftheCompanyoranySubsidiaryasanaccountpartyinrespectoftrade letters of credit;(h)   IndebtednessofForeignSubsidiariesinanaggregateprincipalamount,whenaggregatedwithanyIndebtednessoutstandingunderSection6.01(v),notinexcessofthegreaterof(x)6%ofConsolidatedTotalAssets(asreflectedinthemostrecentconsolidatedbalancesheetoftheCompany delivered pursuant to Section 5.01) and (y) $60,000,000 at any time outstanding;(i)   Indebtedness under Swap Agreements permitted by Section 6.05;(j)   Indebtednessarisingfromtheendorsementofitemsfordepositorcollectionofcommercial paper received in the ordinary course of business;(k)   Indebtedness of the Company or any Subsidiary arising from the honoring by a bankorotherfinancialinstitutionofacheck,draftorsimilarinstrumentinadvertently(exceptinthecaseofdaylightoverdrafts)drawnagainstinsufficientfundsintheordinarycourseofbusiness;provided
thatsuch Indebtedness is repaid within two (2) Business Days after being incurred;(l)   obligationsowedtocustomersoftheCompanyoranySubsidiaryarisingfromthereceipt of advance payments from a customer in the ordinary course of business;(m)   Permitted Unsecured Indebtedness;(n)   IndebtednessoftheCompanyoranySubsidiaryasanaccountpartyinrespectoftrustaccountfundsorlettersofcreditestablishedorissuedfortheaccountoftheCompanyorsuchSubsidiary,asthecasemaybe,thatareestablishedorissuedinordertoprovidesecurityforworkers’compensationclaimsorpensionplans,paymentobligationsinconnectionwithself-insurance,reclamation or closure liabilities or similar requirements, in each case in the ordinary course of business;(o)   obligationsoftheCompanyoranySubsidiaryarisinginrespectofperformancebondsandcompletion,guarantee,suretyandsimilarbonds,ineachcaseobtainedintheordinarycourseofbusinessandpursuanttocustomarytermsintheCompany’sandsuchSubsidiary’sindustrytosupportstatutoryandcontractualobligations(otherthanIndebtedness)arisingintheordinarycourseofbusiness;provided
thattheamountofanysuchobligationsshallnotexceedthemaximumamountrequiredpursuant to the applicable statutory law or contract;(p)   IndebtednessoftheCompanyoranySubsidiaryconsistingofthefinancingofinsurance premiums in the ordinary course of business;(q)   [Reserved];96






	
	(r)   IndebtednessoftheCompanyoranySubsidiaryinrespectof(i)BankingServicesAgreements(orsimilaragreementsprovidedbyPersonsotherthanLendersandtheirAffiliates)and(ii)cash pooling arrangements and cash management incurred in the ordinary course of business in respect ofnettingservicesandsimilararrangementsineachcaseinconnectionwithcashmanagementanddepositaccounts,butonlytotheextent,withrespecttoanysucharrangements,thatthetotalamountofdepositssubjecttosucharrangementsequalsorexceedsthetotalamountofoverdraftsorsimilarobligationswithrespect thereto; provided
that an overdraft account, not to exceed $50,000 shall be permitted;(s)   IndebtednessoftheCompanyoranySubsidiaryconstitutingreimbursementobligationsinrespectofbankguarantees,lettersofcreditandothersimilarcreditenhancementsnotissued pursuant to this Agreement up to an aggregate amount of $5,000,000 at any time outstanding;(t)   [Reserved];(u)   IndebtednessoftheCompanyoranySubsidiaryincurredpursuanttoPermittedReceivablesFacilities;provided
thattheAttributableReceivablesIndebtednessthereundershallnotexceed an aggregate amount of $60,000,000at any time outstanding; and(v)   otherIndebtednessoftheCompanyandDomesticSubsidiaries;provided
thattheaggregateprincipalamountofIndebtednessofDomesticSubsidiarieswhicharenotSubsidiaryGuarantorspermittedbythisclause(v),whenaggregatedwithanyIndebtednessoutstandingunderSection6.01(h),shallnotexceedthegreaterof(x)6%ofConsolidatedTotalAssets(asreflectedinthemostrecentconsolidatedbalancesheetoftheCompanydeliveredpursuanttoSection5.01)and(y)$60,000,000 at any time outstanding.SECTION 6.02.   Liens
..TheCompanywillnot,andwillnotpermitanySubsidiaryto,create,incur,assumeorpermittoexistanyLienonanypropertyorassetnowownedorhereafteracquiredbyit,orassignorsellanyincomeorrevenues(includingaccountsreceivable)orrightsinrespectofanythereof, except:(a)   (i)PermittedEncumbrancesandLienscreatedunderanyLoanDocumentsand(ii)cash collateral securing Letters of Credit pursuant to Section 2.06(c);(b)   anyLienonanypropertyorassetoftheCompanyoranySubsidiaryexistingonthedatehereofandsetforthinSchedule6.02;provided
that(i)suchLienshallnotapplytoanyotherpropertyorassetoftheCompanyoranySubsidiaryand(ii)suchLienshallsecureonlythoseobligationswhichitsecuresonthedatehereofandextensions,renewalsandreplacementsthereofthatdonot,forpurposes of this clause (b), increase the outstanding principal amount thereof;(c)   anyLienexistingonanypropertyorassetpriortotheacquisitionthereofbytheCompanyoranySubsidiaryorexistingonanypropertyorassetofanyPersonthatbecomesaSubsidiaryafterthedatehereofpriortothetimesuchPersonbecomesaSubsidiary;providedthat(i)suchLienisnotcreatedincontemplationoforinconnectionwithsuchacquisitionorsuchPersonbecomingaSubsidiary,asthecasemaybe,(ii)suchLienshallnotapplytoanyotherpropertyorassetsoftheCompany or any Subsidiary and (iii) such Lien shall secure only those obligations which it secures on thedateofsuchacquisitionorthedatesuchPersonbecomesaSubsidiary,asthecasemaybeandextensions,renewalsandreplacementsthereofthatdonot,forpurposesofthisclause(c),increasetheoutstanding principal amount thereof;(d)   Liensonfixedorcapitalassetsacquired,constructedorimprovedbytheCompanyoranySubsidiary;provided
that(i) suchsecurityinterestssecureIndebtednesspermittedbyclause (e)of97






	
	Section 6.01,(ii) suchsecurityinterestsandtheIndebtednesssecuredtherebyareincurredpriortoorwithinninety(90) daysaftersuchacquisitionorthecompletionofsuchconstructionorimprovement,(iii) theIndebtednesssecuredtherebydoesnotexceed90%(100%inthecaseofaCapitalLeaseObligation)ofthecostofacquiring,constructingorimprovingsuchfixedorcapitalassetsand(iv) suchsecurity interests shall not apply to any other property or assets of the Company or any Subsidiary;(e)   Liens(i)consistingofcustomarybankers’Liensandrightsofsetoffcreatedorincurred on deposits or with respect to deposit accounts in the ordinary course of business, (ii) relating topooled deposit or sweep accounts of the Company or any Subsidiary to permit satisfaction of overdraft orsimilarobligationsincurredintheordinarycourseofbusinessoftheCompanyorsuchSubsidiaryor(iii)relatingtopurchaseordersandotheragreementsenteredintowithcustomerswithrespecttothesaleofgoods or delivery of services of the Company or any Subsidiary in the ordinary course of business;(f)   LienssolelyonanycashearnestmoneydepositsmadebytheCompanyoranySubsidiaryinconnectionwithanyletterofintentorpurchaseagreementrelatingtoanInvestmentorother transaction permitted under this Agreement;(g)   anyencumbranceorrestrictionwithrespecttotheEquityInterestsofanyjointventureorsimilararrangementpursuanttoanyjointventureorsimilaragreementtotheextentpermittedunder Section 6.04;(h)   Liensoncashcollateralorotherinvestmentassetssecuringlettersofcreditnotissued pursuant to this Agreement up to an aggregate amount of $5,000,000 at any time outstanding;(i)   LiensonPermittedReceivablesFacilityAssetsarisingunderPermittedReceivablesFacilities; and(j)   Liensonassets(notconstitutingCollateral)oftheCompanyanditsSubsidiariesnototherwisepermittedaboveandsecuringIndebtednessandotherobligationsinanamountnotexceedingthegreaterof(x)6%ofConsolidatedTotalAssets(asreflectedinthemostrecentconsolidatedbalancesheet of the Company delivered pursuant to Section 5.01) and (y) $60,000,000 at any time outstanding.SECTION 6.03.   Fundamental
Changes
and
Asset
Sales
..(a)TheCompanywillnot,andwillnot permit any Subsidiary to, merge into or consolidate with any other Person, or permit any other Persontomergeintoorconsolidatewithit,orsell,transfer,leaseorotherwisedisposeof(inonetransactionorinaseriesoftransactions)anyofitsassets,(includingpursuanttoaSaleandLeasebackTransaction),oralloranyoftheEquityInterestsofanyofitsSubsidiaries(ineachcase,whethernowownedorhereafteracquired),orliquidateordissolve,exceptthatifatthetimethereofandimmediatelyaftergivingeffecttheretonoDefaultshallhaveoccurredandbecontinuing(i)anyPersonmaymergeintotheCompanyinatransactioninwhichtheCompanyisthesurvivingcorporation,(ii)anySubsidiarymaymergeintoanotherSubsidiary;provided
thatinthecaseofanymergerinvolvingaLoanPartysuchmergermustresultinaLoanPartyasthesurvivingentity(andanysuchmergerinvolvingtheCompanymustresultintheCompanyasthesurvivingentity),(iii)anyLoanPartyandanySubsidiarymaysell,transfer,leaseorotherwise dispose of its assets to another Loan Party and any Subsidiary that is not a Loan Party may sell,transfer,leaseorotherwisedisposeofitsassetstoanyotherSubsidiary,(iv)anySubsidiarymaybedissolved, provided
that (A) such Subsidiary is not a Material Subsidiary, (B) the assets of such dissolvedSubsidiaryaretransferredtoaLoanPartyoranotherSubsidiary,and(C)ifaSubsidiarybecomesaMaterialSubsidiaryasaresultofsuchtransferofassets,itwillcomplywiththerequirementsofSection5.09,(v)anyLoanPartyandanySubsidiarymaydisposeofdelinquentnotesoraccountsreceivableintheordinarycourseofbusinessforpurposesofcollectionandnotforthepurposeofanybulksaleorsecuritizationtransaction,(vi)anyLoanPartymaymakecharitabledonationsintheordinarycourseof98






	
	businessinaccordancewithpastpractice,(vii)theCompanyanditsSubsidiariesmay(A)sellinventoryintheordinarycourseofbusiness,(B)effectsales,trade-insordispositionsofusedequipmentforvalueintheordinarycourseofbusinessconsistentwithpastpractice,(C)disposeofassetsinconnectionwiththeleasing,subleasingorlicensingofrealorpersonalproperty(includingintellectualproperty)intheordinarycourseofbusiness,(D)enterintoSaleandLeasebackTransactionspermittedbySection6.09,(E)sell,transfer,leaseorotherwisedisposeofitsassetsinconnectionwithanyLienspermittedunderSection6.02orwithanyinvestmentspermittedunderSection6.04,(F)sell,transfer,leaseorotherwisedisposeofitsassetstoanyjointventuresolongassuchdispositionisaninvestmentpermittedunderSection6.04,(G)abandonintellectualpropertythatis,inthereasonablejudgmentoftheCompany,nolongereconomicallypracticabletomaintainorusefulintheconductofthebusinessoftheCompanyanditsSubsidiaries,takenasawhole,(H)disposeofinterestsinjointventuresaspermittedunderSection6.04(f)and(I)makeanyothersales,transfers,leasesordispositionsthat,togetherwithallotherpropertyoftheCompanyanditsSubsidiariespreviouslyleased,soldordisposedofaspermittedbythisclause(I)duringanyfiscalyearoftheCompany,doesnotexceed10%ofConsolidatedTotalAssets(asreflectedinthemostrecentconsolidatedbalancesheetoftheCompanydeliveredpursuanttoSection5.01),and(viii)anySubsidiarythatisnotaLoanPartymayliquidateordissolveiftheCompanydeterminesingood faith that such liquidation or dissolution is in the best interests of the Company and is not materiallydisadvantageoustotheLenders;provided
thatanysuchmergerorconsolidationinvolvingaPersonthatisnotawholly-ownedSubsidiaryimmediatelypriortosuchmergerorconsolidationshallnotbepermitted unless it is also permitted by Section 6.04.(b)   TheCompanywillnot,andwillnotpermitanyofitsSubsidiariesto,engagetoanymaterialextentinanybusinessotherthanbusinessesofthetypeconductedbytheCompanyanditsSubsidiariesonthedateofexecutionofthisAgreementandbusinessesreasonablyrelatedthereto,including any environmental cleaning solutions business or line of business that owns or develops relatedtechnology.(c)   TheCompanywillnot,andwillnotpermitanyofitsSubsidiariesto,changethebasis of its fiscal year from the basis in effect on the RestatementEffective Date.SECTION 6.04.   Investments,
Loans,
Advances,
Guarantees
and
Acquisitions
..TheCompanywillnot,andwillnotpermitanyofitsSubsidiariesto,purchase,holdoracquire(includingpursuanttoanymergerorconsolidationwithanyPersonthatwasnotawhollyownedSubsidiarypriortosuchmergerorconsolidation)anycapitalstock,evidencesofindebtednessorothersecurities(includinganyoption,warrantorotherrighttoacquireanyoftheforegoing)of,makeorpermittoexistanyloansoradvances to, Guarantee any obligations of, or make or permit to exist any investment or any other interestin,anyotherPerson,orpurchaseorotherwiseacquire(inonetransactionoraseriesoftransactions)anyPerson or any assets of any other Person constituting a business unit, except:(a)   Permitted Investments;(b)   (i) investments by the Company existing on the date hereof in the capital stock of itsSubsidiaries, (ii) other investments, capital contributions, loans, advances and book entries reflecting anyoftheforegoingbytheCompanyinortoanySubsidiaryandmadebyanySubsidiarytotheCompanyoranyotherSubsidiary,ineachcase,inthecaseofthisclause(ii),totheextent(x)existingontheRestatementEffectiveDateandsetforthonSchedule6.04(b)hereto,(y)anticipatedasoftheRestatementEffectiveDateandsetforthonSchedule6.04(b)heretoor(z)madeaftertheRestatementEffectiveDatebyconversionfromsuchinvestment,capitalcontribution,loan,advanceorbookentrytoanotherinvestment,capitalcontribution,loan,advanceorbookentryoflikeamountandinvolvingthe99






	
	sameentities,and(iii)otherinvestmentsexistingontheRestatementEffectiveDateassetforthonSchedule 6.04(b) hereto;(c)   investments,capitalcontributions,loans,advancesorbookentriesreflectinganyoftheforegoingmadebytheCompanyinortoanySubsidiaryandmadebyanySubsidiarytotheCompanyoranyotherSubsidiary;providedthat,inadditiontotheinvestments,capitalcontributions,loans,advancesandbookentriespermittedbyclause(b)above,investments,loans,advancesandcapitalcontributionsbytheCompanyandtheSubsidiaryGuarantorstoanySubsidiarythatisnotaSubsidiaryGuarantorshallbepermittedonlyif(x)atthetimeofandaftergivingeffecttosuchinvestment,loan,advanceorcapitalcontribution,noEventofDefaultexistsandiscontinuingand(y)iftheNetLeverageRatio,calculatedatthetimeofandaftergivingeffecttosuchinvestment,loan,advanceorcapitalcontributiononaproformabasis,isgreaterthan2.50to1.00,theaggregateamountofsuchinvestment,loan,advanceorcapitalcontribution,togetherwithallothersuchinvestments,loans,advancesandcapitalcontributionsunderthisclause(c)duringthethen-currentfiscalyearandallinvestments,loans,advancesandcapitalcontributionsinReceivablesEntitiesunderclause(r)ofthisSection6.04duringsuchfiscalyear,shallnotexceed$65,000,000;providedthat,iftheNetLeverageRatio,calculatedatthetimeofandaftergivingeffecttosuchinvestment,loan,advanceorcapitalcontribution,onaproformabasis,islessthanorequalto2.50to1.00,thereshallbenolimitontheaggregateamountofsuchinvestments, loans, advances or capital contributions;(d)   Guarantees constituting Indebtedness permitted by Section 6.01;(e)   Permitted Acquisitions;(f)   investmentsinjointventuresandacquisitionsofEquityIntereststhatwouldconstitute Permitted Acquisitions but for the fact that Persons in which such Equity Interests are acquireddonotbecomewhollyownedSubsidiariesoftheBorrower;provided
thatthesumoftheaggregateamountofsuchinvestments,plustheaggregateconsiderationpaidinallsuchacquisitions,madeunderthis clause (f) after the RestatementEffective Date shall not exceed the greater of (x) 6% of ConsolidatedTotalAssets(asreflectedinthemostrecentconsolidatedbalancesheetoftheCompanydeliveredpursuant to Section 5.01) and (y) $60,000,000 at any time outstanding;(g)   accounts receivable and extensions of trade credit to and extended payment terms tocustomers in the ordinary course of business consistent with past practice;(h)   investmentsintheformofpromissorynotesandothernon-cashconsiderationreceivedbytheCompanyoranySubsidiaryinconnectionwithanydispositionofassetstotheextentpermitted under Section 6.03;(i)   investments made in lieu of a dividend permitted by Section 6.06;(j)   investmentsconsistingofprepaidrentorsecuritydepositsmadebytheCompanyand its Subsidiaries in the ordinary course of business;(k)   investmentsreceivedinconnectionwiththebankruptcyorreorganizationof,orsettlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinarycourse of business;100






	
	(l)   loansoradvancestodirectorsandemployeesoftheCompanyoranySubsidiarymadeintheordinarycourseofbusiness;provided
thattheaggregateoutstandingamountofsuchloansand advances at any time shall not exceed $1,000,000;(m)   capital expenditures not otherwise prohibited under this Agreement;(n)   EquityInterestsoftheCompanyacquiredpursuanttoaRestrictedPaymentpermittedunderSection6.06andheldbytheCompany(providedthatanysuchacquisitionfinancedbytheproceedsofLoansshallbemadeincompliancewithapplicablelaws,rulesandregulations,includingRegulations T, U and X);(o)   InvestmentsintheordinarycourseofbusinessconsistingofUniformCommercialCodeArticle3endorsementsforcollectionordepositandUniformCommercialCodeArticle4customary trade arrangements with customers consistent with past practices;(p)   investments in the form of Swap Agreements permitted by Section6.05;(q)   foranyfiscalquarteroftheCompanyanditsSubsidiaries,investments,loans,advances,capitalcontributionsorbookentriesevidencinganyoftheforegoing(otherthanacquisitions)inanaggregateamountforallsuchinvestmentsnottoexceedtheaggregateDollarAmountofRestrictedPaymentsreceivedincashorcashequivalents(orbookentriesevidencingsuchreceiptofcashorcashequivalents)bytheCompanyoranySubsidiaryGuarantorfromaSubsidiarythatisnotaSubsidiaryGuarantor during such fiscal quarter;(r)   (i)contributionsofPermittedReceivablesFacilityAssetsandcashdeemedreceivedfromproceedsofPermittedReceivablesFacilityAssetstoanyReceivablesEntitytotheextentrequiredormadepursuanttoPermittedReceivablesFacilityDocumentsortotheextentnecessarytokeepsuchReceivablesEntityproperlycapitalizedtoavoidinsolvencyorconsolidationwithaLoanPartyoranyoftheSubsidiariesand(ii)loansoradvancesmadebytheCompanyoranyReceivablesSellertotheReceivablesEntityforthepurchasepriceoftheReceivablesandthePermittedReceivablesFacilityAssets; and(s)   anyotherinvestment,capitalcontribution,loan,advanceorbookentriesreflectinganyoftheforegoing(otherthanacquisitions)solongastheaggregateamountofallsuchinvestments,capitalcontributions,loans,advancesorbookentriesdoesnotexceedthegreaterof(x)6%ofConsolidatedTotalAssets(asreflectedinthemostrecentconsolidatedbalancesheetoftheCompanydelivered pursuant to Section 5.01) and (y) $60,000,000 at any time.SECTION 6.05.   Swap
Agreements
..TheCompanywillnot,andwillnotpermitanyofitsSubsidiariesto,enterintoanySwapAgreement,except(a)SwapAgreementsenteredintotohedgeormitigateriskstowhichtheCompanyoranySubsidiaryhasactualoranticipatedexposure(otherthanthoseinrespectofEquityInterestsoftheCompanyoranyofitsSubsidiaries),and(b)SwapAgreementsenteredintoinordertoeffectivelycap,collarorexchangeinterestrates(fromfixedtofloatingrates,fromonefloatingratetoanotherfloatingrateorotherwise)withrespecttoanyinterest-bearingliabilityor investment of the Company or any Subsidiary.SECTION 6.06.   Restricted
Payments
..TheCompanywillnot,andwillnotpermitanyofitsSubsidiariesto,declareormake,oragreetopayormake,directlyorindirectly,anyRestrictedPayment,except(a)theCompanymaydeclareandpaydividendswithrespecttoitsEquityInterestspayablesolelyinadditionalsharesofitscommonstock,(b)SubsidiariesmaydeclareandpaydividendsratablywithrespecttotheirEquityInterests,(c)theCompanymaymakeRestrictedPaymentspursuanttoandin101






	
	accordancewithstockoptionplansorotherbenefitplansformanagementoremployeesoftheCompanyanditsSubsidiaries,(d)anyReceivablesEntitymaydeclareandpaydividendsorotherdistributionstotheCompanyoranywholly-ownedSubsidiarythereof,(e)solongasnoDefaultorEventofDefaulthasoccurredandiscontinuing,RestrictedPaymentsconstitutingaquarterlycashdividendtotheshareholdersoftheCompanyshallbepermittedinanamountnottoexceed$7,500,000perquarter;and(f)theCompanymaymakeanyotherRestrictedPaymentsolongasnoDefaultorEventofDefaulthasoccurredandiscontinuingpriortomakingsuchRestrictedPaymentorwouldariseaftergivingeffectthereto(includingproformaeffect);providedthat,if,asofthedateofmakingsuchRestrictedPayment(andaftergivingproformaeffectthereto)theNetLeverageRatiofortheCompanyanditsconsolidatedSubsidiarieswouldexceed2.50to1.00,thentheaggregateamountofRestrictedPaymentspermittedpursuanttothisclause(f)shallnotexceed$60,000,000duringanyfiscalyearoftheCompany;providedfurtherthatif,asofthedateofmakingsuchRestrictedPayment(andaftergivingproformaeffectthereto) the Net Leverage Ratio for the Company and its consolidated Subsidiaries is less than or equal to2.50to1.00,thereshallbenolimitontheaggregateamountofRestrictedPaymentspermittedpursuantto this clause (f).SECTION 6.07.   Transactions with Affiliates
..  The Company will not, and will not permit any ofitsSubsidiariesto,sell,leaseorotherwisetransferanypropertyorassetsto,orpurchase,leaseorotherwiseacquireanypropertyorassetsfrom,orotherwiseengageinanyothertransactionswith,anyofitsAffiliates,exceptfor(a)transactionsintheordinarycourseofbusinessatpricesandontermsandconditionsnotlessfavorabletotheCompanyoraSubsidiarythancouldbeobtainedonanarm's-lengthbasisfromunrelatedthirdparties,(b)transactionsbetweenoramongtheCompanyanditswhollyownedSubsidiaries not involving any other Affiliate, (c) intercompany transactions for the purpose of improvingtheconsolidatedtaxefficiencyoftheCompanyanditsSubsidiaries,(d)paymentsbytheCompanyanditsSubsidiariespursuanttotaxsharingagreementsamongtheCompanyanditsSubsidiariesoncustomarytermsthatrequireeachpartytomakepaymentswhensuchtaxesaredueorrefundsreceivedofamountsequaltotheincometaxliabilitiesandrefundsgeneratedbyeachsuchpartycalculatedonaseparatereturnbasisandpaymentstothepartygeneratingtaxbenefitsandcreditsofamountsequaltothevalueofsuchtaxbenefitsandcreditsmadeavailabletothegroupbysuchparty,(e)anytransactionpermittedunderSection6.01,6.03,6.04or6.06,(f)employment,indemnification,benefitsandcompensationarrangements(includingarrangementsmadewithrespecttobonusesandequity-basedawards)enteredintointheordinarycourseofbusinesswithmembersoftheboardofdirectorsormanagementcommittee,officersandemployeesoftheCompanyoraSubsidiary,(g)anysubscriptionagreement or similar agreement pertaining to the repurchase of Equity Interests pursuant to put/call rightsorsimilarrightswithemployees,officersordirectors,(h)transactionsbetweentheCompanyoranySubsidiaryandanyPerson,amemberofthegoverningboardofwhichisalsoamemberofthegoverningboardoftheCompanyoraSubsidiarywhichareexpresslyapprovedbythegoverningboardoftheCompanyorsuchSubsidiary,provided
,however,thatsuchmemberabstainsfromvotingasamemberofthegoverningboardoftheCompanyorsuchSubsidiaryonanymatterinvolvingsuchotherPerson,(i)thepaymentoffees,expenses,indemnitiesorotherpaymentspursuanttotheagreementssetforthonSchedule 6.07 and (j) transactions contemplated by any Permitted Receivables Facility Documents.SECTION 6.08.   Restrictive
Agreements
..TheCompanywillnot,andwillnotpermitanyofitsSubsidiariesto,directlyorindirectly,enterinto,incurorpermittoexistanyagreementorotherarrangementthatprohibits,restrictsorimposesanyconditionupon(a)theabilityoftheCompanyoranySubsidiarytocreate,incurorpermittoexistanyLieninfavoroftheAdministrativeAgentuponanyofitspropertyorassets,or(b)theabilityofanySubsidiarytopaydividendsorotherdistributionswithrespecttoholdersofitsEquityInterestsortomakeorrepayloansoradvancestotheCompanyoranyotherSubsidiaryortoGuaranteeIndebtednessoftheCompanyoranyotherSubsidiary;providedthat(i)theforegoingshallnotapplyto(A)restrictionsandconditionsimposedbylaworbythisAgreementorbythetermsofanyPermittedUnsecuredIndebtedness,and(B)customaryrestrictionsandconditions,102






	
	includingnetworth,leverageandotherfinancialcovenantsandcustomarycovenantsregardingbusinessoperationsorencumbrances,onthen-marketterms(fortheapplicableIndebtedness)imposedundertheterms of any other Indebtedness permitted under clauses (b), (e), (f), (h), (i) or (v) of Section 6.01, (ii) theforegoingshallnotapplytorestrictionsandconditionsexistingonthedatehereofidentifiedonSchedule6.08(butshallapplytoanyextensionorrenewalof,oranyamendmentormodificationexpandingthescopeof,anysuchrestrictionorcondition)orexistingatthetimeofanyacquisition,(iii)theforegoingshallnotapplytocustomaryrestrictionsandconditionscontainedinagreementsrelatingtoaPermittedReceivablesFacilityoragreementswithsuretycompaniesthatwaiveorprohibitsubrogationofclaimsand/orprohibitpartiestosuchagreementsfromcollectingintercompanyobligationsuntilobligationstotheapplicablesuretycompanyhavebeenpaidorsatisfied,ineachcaseafteraclaimismadeuponsuchsuretycompany,(iv)theforegoingshallnotapplytocustomaryprovisionsinlicenses,governmentalpermits,leasesandothercontractsrestrictingtheassignmentthereof,(v)theforegoingshallnotapplytocustomaryprohibitionsorrestrictionsinjointventureagreementsandsimilaragreementsthatrelatesolelytotheactivitiesofjointventurespermittedunderSection6.04,(vi)clause(a)oftheforegoingshallnotapplytorestrictionsorconditionsimposedbyanyagreementrelatingtosecuredIndebtednesspermittedbythisAgreementifsuchrestrictionsorconditionsapplyonlytothepropertyorassetssecuringsuchIndebtedness,(vii)clause(a)oftheforegoingshallnotapplytocustomaryprovisionsinleasesandothercontractsrestrictingtheassignmentthereof,(viii)theforegoingshallnotapplytocustomaryrestrictionsandconditionscontainedinanyagreementrelatingtothedispositionofanypropertypermittedbySection6.03pendingtheconsummationofsuchdispositionand(ix)theforegoingshallnotapplytocustomaryrestrictionsandconditionscontainedinPermittedReceivablesFacilityDocuments.SECTION 6.09.   Sale and Leasebacks.
The Company shall not, nor shall it permit any Subsidiaryto,enterintoanySaleandLeasebackTransactionexceptthattheCompanyandanySubsidiarymaybecomeandremainliableaslessee,guarantororothersuretywithrespecttoanyleaseunderaSaleandLeasebackTransactionifandtotheextentthattheCompanyoranySubsidiarywouldbepermittedtoenterinto,andremainliableunder,suchleasetotheextentthatthetransactionwouldbepermittedunderSection 6.01.SECTION 6.10.   Financial Covenants
..(a)   Maximum
Net
Leverage
Ratio
..TheCompanywillnotpermittheNetLeverageRatiodeterminedasoftheendofeachofitsfiscalquarterstobegreaterthan3.50to1.00;provided
,thattheCompanymay,inconnectionwithaSpecifiedAcquisition,solongasnoDefaultorEventofDefaultshallbecontinuinganduponwrittennoticebytheCompanytotheAdministrativeAgent,electtoincreasethemaximumNetLeverageRatiopermittedunderthisSection6.10(a)to4.00to1.00foraperiodoffourconsecutivefiscalquarterscommencingwiththefiscalquarterinwhichsuchSpecifiedAcquisitionoccurs(anysuchelectioninrespectofthemaximumNetLeverageRatiopursuanttothisSection6.10(a)beingreferredtoasan“Acquisition
Holiday
 ”);provided
,further
that(x)noAcquisitionHolidayshallbeavailableduringthetwo(2)consecutivefiscalquartersoccurringimmediatelyafteranyAcquisitionHolidayshallhaveconcluded,(y)theCompanymayonlyexerciseanAcquisitionHolidaytwiceduringthetermofthisAgreementand(z)fortheavoidanceofdoubt,afterthefourconsecutivefiscalquarterperiodreferredtoabove,theNetLeverageRatioshallreverttothelevelsrequiredinthisSection 6.10(a) had the Acquisition Holiday not occurred.(b)   Minimum
Interest
Coverage
Ratio
..TheCompanywillnotpermittheratio,determinedasoftheendofeachofitsfiscalquarters,of(i)ConsolidatedEBITDAfortheperiodof4consecutivefiscalquartersendingwiththeendofsuchfiscalquarterto(ii)ConsolidatedInterestExpenseforsuchperiod,allcalculatedfortheCompanyanditsSubsidiariesonaconsolidatedbasis,tobe less than 3.00 to 1.00.103






	
	ARTICLE VIIEvents of Default
SECTION 7.01.   Events
of
Default
..Ifanyofthefollowingevents(“Events
of
Default
 ”)shalloccur:(a)   anyBorrowershallfailtopayanyprincipalofanyLoanoranyreimbursementobligationinrespectofanyLCDisbursementwhenandasthesameshallbecomedueandpayable,whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;(b)   anyBorrowershallfailtopayanyinterestonanyLoanoranyfeeoranyotheramount(otherthananamountreferredtoinclause(a)ofthisArticle)payableunderthisAgreementoranyotherLoanDocument,whenandasthesameshallbecomedueandpayable,andsuchfailureshallcontinue unremedied for a period of three (3) Business Days;(c)   anyrepresentationorwarrantymadeordeemedmadebyoronbehalfofanyBorroweroranySubsidiaryinthisAgreementoranyotherLoanDocumentoranyamendmentormodificationthereoforwaiverthereunder,orinanyreport,certificate,financialstatementorotherdocumentfurnishedpursuanttoorinconnectionwiththisAgreementoranyotherLoanDocumentoranyamendmentormodificationthereoforwaiverthereunder,shallprovetohavebeenincorrectinanymaterialrespect(orinanyrespectifqualifiedbyMaterialAdverseEffectorothermaterialityqualifier)when made or deemed made;(d)   (i)theCompanyshallfailtoobserveorperformanycovenant,conditionoragreementcontainedinSection5.02,5.03(solelywithrespecttoanyBorrower’soranyGuarantor’sexistence),5.08,5.09or5.10,orinArticleVIor(ii)ArticleXoranyLoanDocumentshallforanyreasonnotbeorshallceasetobeinfullforceandeffectorisdeclaredtobenullandvoid,ortheCompany or any Subsidiary takes any action for the purpose of terminating, repudiating or rescinding anyLoan Document or any of its obligations thereunder;(e)   anyBorroweroranySubsidiaryGuarantor,asapplicable,shallfailtoobserveorperformanycovenant,conditionoragreementcontainedinthisAgreement(otherthanthosespecifiedinclause(a),(b)or(d)ofthisArticle)oranyotherLoanDocument,andsuchfailureshallcontinueunremediedforaperiodofthirty(30)daysafternoticethereoffromtheAdministrativeAgenttotheCompany (which notice will be given at the request of any Lender);(f)   the Company or any Subsidiary shall fail to make any payment (whether of principalorinterestandregardlessofamount)inrespectofanyMaterialIndebtedness,whenandasthesameshallbecomedueandpayable,beyondtheperiodofgrace,ifanybutinnoeventbeyondfive(5)BusinessDays, provided in the instrument or document under which such Indebtedness was created;(g)   anyeventorconditionoccursthatresultsinanyMaterialIndebtednessbecomingduepriortoitsscheduledmaturityorthatenablesorpermits(withorwithoutthegivingofnotice,thelapseoftimeorboth)theholderorholdersofanyMaterialIndebtednessoranytrusteeoragentonitsortheirbehalftocauseanyMaterialIndebtednesstobecomedue,ortorequiretheprepayment,repurchase,redemptionordefeasancethereof,priortoitsscheduledmaturity;provided
thatthisclause(g)shallnotapplytosecuredIndebtednessthatbecomesdueasaresultofthevoluntarysaleortransferoftheproperty or assets securing such Indebtedness;104






	
	(h)   aninvoluntaryproceedingshallbecommencedoraninvoluntarypetitionshallbefiledseeking(i)liquidation,reorganizationorotherreliefinrespectoftheCompanyoranyMaterialSubsidiaryoritsdebts,orofasubstantialpartofitsassets,underanyFederal,stateorforeignbankruptcy,insolvency,receivershiporsimilarlawnoworhereafterineffector(ii)theappointmentofareceiver,trustee,custodian,sequestrator,conservatororsimilarofficialfortheCompanyoranyMaterialSubsidiaryorforasubstantialpartofitsassets,and,inanysuchcase,suchproceedingorpetitionshallcontinue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoingshall be entered;(i)   theCompanyoranyMaterialSubsidiaryshall(i)voluntarilycommenceanyproceedingorfileanypetitionseekingliquidation,reorganizationorotherreliefunderanyFederal,stateorforeignbankruptcy,insolvency,receivershiporsimilarlawnoworhereafterineffect,(ii)consenttotheinstitutionof,orfailtocontestinatimelyandappropriatemanner,anyproceedingorpetitiondescribedinclause(h)ofthisArticle,(iii)applyfororconsenttotheappointmentofareceiver,trustee,custodian, sequestrator, conservator or similar official for the Company or any Material Subsidiary or forasubstantialpartofitsassets,(iv)fileanansweradmittingthematerialallegationsofapetitionfiledagainstitinanysuchproceeding,(v)makeageneralassignmentforthebenefitofcreditorsor(vi)takeany action for the purpose of effecting any of the foregoing;(j)   theCompanyoranyMaterialSubsidiaryshallbecomeunable,admitinwritingitsinability or fail generally to pay its debts as they become due;(k)   oneormorejudgmentsforthepaymentofmoneyinanaggregateamountinexcessof$35,000,000shallberenderedagainsttheCompany,anySubsidiaryoranycombinationthereofandthesameshallremainundischargedforaperiodof30consecutivedaysduringwhichexecutionshallnotbeeffectivelystayed,oranyactionshallbelegallytakenbyajudgmentcreditortoattachorlevyuponanyassetsoftheCompanyoranySubsidiarytoenforceanysuchjudgment;provided
,thatanysuchamountshallbecalculatedafterdeductingfromthesumsopayableanyamountofsuchjudgmentororderthatiscoveredbyavalidandbindingpolicyofinsuranceinfavoroftheCompanyorsuchSubsidiary(butonlyiftheapplicableinsurershallhavebeenadvisedofsuchjudgmentandoftheintentoftheCompanyorsuchSubsidiarytomakeaclaiminrespectofanyamountpayablebyitinconnectiontherewith and such insurer shall not have denied coverage);(l)   anERISAEventshallhaveoccurredthat,whentakentogetherwithallotherERISAEvents that have occurred, could reasonably be expected to result in a Material Adverse Effect;(m)   a Change in Control shall occur;(n)   theoccurrenceofany“default”,asdefinedinanyLoanDocument(otherthanthisAgreement)orthebreachofanyofthetermsorprovisionsofanyLoanDocument(otherthanthisAgreement), which default or breach continues beyond any period of grace therein provided;(o)   anymaterialprovisionofanyLoanDocumentforanyreasonceasestobevalid,bindingandenforceableinaccordancewithitsterms(ortheCompanyoranySubsidiaryshallchallengetheenforceabilityofanyLoanDocumentorshallassertinwriting,orengageinanyactionorinactionbasedonanysuchassertion,thatanyprovisionofanyoftheLoanDocumentshasceasedtobeorotherwise is not valid, binding and enforceable in accordance with its terms); or105






	
	(p)   anyCollateralDocumentshallforanyreasonfailtocreateavalidandperfectedfirstprioritysecurityinterestinanyportionoftheCollateralpurportedtobecoveredthereby,exceptaspermitted by the terms of any Loan Document;then,andineverysuchevent(otherthananeventwithrespecttoaBorrowerdescribedinclause(h)or(i)ofthisArticle),andatanytimethereafterduringthecontinuanceofsuchevent,theAdministrativeAgent may, and at the request of the Required Lenders shall, by notice to the Company, take any or all ofthefollowingactions,atthesameordifferenttimes:(i)terminatetheCommitments,andthereupontheCommitmentsshallterminateimmediately,(ii)declaretheLoansthenoutstandingtobedueandpayableinwhole(orinpart,inwhichcaseanyprincipalnotsodeclaredtobedueandpayablemaythereafterbedeclaredtobedueandpayable),andthereupontheprincipaloftheLoanssodeclaredtobedueandpayable,togetherwithaccruedinterestthereonandallfeesandotherSecuredObligationsoftheBorrowersaccruedhereunderandundertheotherLoanDocuments,shallbecomedueandpayableimmediately,withoutpresentment,demand,protestorothernoticeofanykind,allofwhichareherebywaivedbytheBorrowers,(iii)requirethattheBorrowersprovidecashcollateralasrequiredinSection2.06(j);and(iv)exerciseonbehalfofitself,theLendersandtheIssuingBanksallrightsandremediesavailabletoit,theLendersandtheIssuingBanksundertheLoanDocumentsandapplicablelaworequity; and in case of any event with respect to any Borrower described in clause (h) or (i) of this Article,theCommitmentsshallautomaticallyterminateandtheprincipaloftheLoansthenoutstandingandcashcollateralfortheLCExposure,togetherwithaccruedinterestthereonandallfeesandotherSecuredObligationsaccruedhereunderandundertheotherLoanDocuments(includinganybreakfundingpayment),shallautomaticallybecomedueandpayable,andtheobligationoftheBorrowerstocashcollateralizetheLCExposureasprovidedinclause(iii)aboveshallautomaticallybecomeeffective,ineachcase,withoutpresentment,demand,protestorothernoticeofanykind,allofwhichareherebywaived by the Borrowers.UpontheoccurrenceandduringthecontinuanceofanEventofDefault,theAdministrativeAgentmay,andattherequestoftheRequiredLendersshall,exerciseanyrightsandremediesprovidedtotheAdministrativeAgentundertheLoanDocumentsoratlaworequity,includingall remedies provided under the UCC.SECTION 7.02.   Application
of
Payments
..Notwithstandinganythinghereintothecontrary,followingtheoccurrenceandduringthecontinuanceofanEventofDefault,andnoticethereoftotheAdministrative Agent by the Company or the Required Lenders:(a)   allpaymentsreceivedonaccountoftheSecuredObligationsshall,subjecttoSection 2.24, be applied by the Administrative Agent as follows:first
,topaymentofthatportionoftheSecuredObligationsconstitutingfees,indemnities,expensesandotheramountspayabletotheAdministrativeAgent(includingfeesanddisbursementsandotherchargesofcounseltotheAdministrativeAgentpayableunderSection 9.03andamountspursuanttoSection 2.12(c)payabletotheAdministrativeAgentinitscapacity as such);second
,topaymentofthatportionoftheSecuredObligationsconstitutingfees,expenses,indemnitiesandotheramounts(otherthanprincipal,reimbursementobligationsinrespectofLCDisbursements,interestandLetterofCreditfees)payabletotheLendersandtheIssuing Banks (including fees and disbursements and other charges of counsel to the Lenders andthe Issuing Banks payable under Section 9.03) arising under the Loan Documents, ratably amongthem in proportion to the respective amounts described in this clause (ii) payable to them;106






	
	third
,topaymentofthatportionoftheSecuredObligationsconstitutingaccruedandunpaidLetterofCreditfeesandchargesandinterestontheLoansandunreimbursedLCDisbursements,ratablyamongtheLendersandtheIssuingBanksinproportiontotherespectiveamounts described in this clause (iii) payable to them;fourth
,(A) topaymentofthatportionoftheSecuredObligationsconstitutingunpaid principal of the Loans and unreimbursed LC Disbursements and any other amounts owingwithrespecttoBankingServicesObligationsandSwapObligationsand(B) tocashcollateralizethatportionofLCExposurecomprisingtheundrawnamountofLettersofCredittotheextentnototherwisecashcollateralizedbytheCompanypursuanttoSection 2.06or2.24,ratablyamongtheLendersandtheIssuingBanksinproportiontotherespectiveamountsdescribedinthisclause (iv)payabletothem;provided
that(x) anysuchamountsappliedpursuanttosubclause (B)aboveshallbepaidtotheAdministrativeAgentfortheratableaccountoftheapplicable Issuing Banks to cash collateralize Secured Obligations in respect of Letters of Credit,(y) subjecttoSection 2.06or2.24,amountsusedtocashcollateralizetheaggregateamountofLettersofCreditpursuanttothisclause (iv)shallbeusedtosatisfydrawingsundersuchLettersofCreditastheyoccurand(z) upontheexpirationofanyLetterofCredit(withoutanypendingdrawings),thepro ratashareofcashcollateralshallbedistributedtotheotherSecuredObligations, if any, in the order set forth in this Section 7.02;fifth
,tothepaymentinfullofallotherSecuredObligations,ineachcaseratablyamongtheAdministrativeAgent,theLendersandtheIssuingBanksbasedupontherespectiveaggregateamountsofallsuchSecuredObligationsowingtotheminaccordancewiththerespective amounts thereof then due and payable; andfinally
,thebalance,ifany,afterallSecuredObligationshavebeenindefeasiblypaid in full, to the Company or as otherwise required by law; and(b)   ifanyamountremainsondepositascashcollateralafterallLettersofCredithaveeitherbeenfullydrawnorexpired(withoutanypendingdrawings),suchremainingamountshallbeapplied to the other Secured Obligations, if any, in the order set forth above.ARTICLE VIIIThe Administrative Agent
SECTION 8.01.   Authorization
and
Action
..(a)EachLenderandeachIssuingBankherebyirrevocablyappointstheentitynamedasAdministrativeAgentintheheadingofthisAgreementanditssuccessorsandassignstoserveastheadministrativeagentundertheLoanDocumentsandeachLenderand each Issuing Bank authorizes the Administrative Agent to take such actions as agent on its behalf andtoexercisesuchpowersunderthisAgreementandtheotherLoanDocumentsasaredelegatedtotheAdministrativeAgentundersuchagreementsandtoexercisesuchpowersasarereasonablyincidentalthereto.  In addition, to the extent required under the laws of any jurisdiction other than within the UnitedStates,eachLenderandeachIssuingBankherebygrantstotheAdministrativeAgentanyrequiredpowersofattorneytoexecuteandenforceanyCollateralDocumentgovernedbythelawsofsuchjurisdiction on such Lender’s or such Issuing Bank’s behalf.  Without limiting the foregoing, each Lenderand each Issuing Bank hereby authorizes the Administrative Agent to execute and deliver, and to performitsobligationsunder,eachoftheLoanDocumentstowhichtheAdministrativeAgentisaparty,andtoexerciseallrights,powersandremediesthattheAdministrativeAgentmayhaveundersuchLoanDocuments.107






	
	(b)   AstoanymattersnotexpresslyprovidedforhereinandintheotherLoanDocuments(includingenforcementorcollection),theAdministrativeAgentshallnotberequiredtoexerciseanydiscretionortakeanyaction,butshallberequiredtoactortorefrainfromacting(andshallbefullyprotectedinsoactingorrefrainingfromacting)uponthewritteninstructionsoftheRequiredLenders(orsuchothernumberorpercentageoftheLendersasshallbenecessary,pursuanttothetermsin the Loan Documents), and, unless and until revoked in writing, such instructions shall be binding uponeachLenderandeachIssuingBank;provided
,however
,thattheAdministrativeAgentshallnotberequiredtotakeanyactionthat(i) theAdministrativeAgentingoodfaithbelievesexposesittoliabilityunless the Administrative Agent receives an indemnification and is exculpated in a manner satisfactory toit from the Lenders and the Issuing Banks with respect to such action or (ii) is contrary to this AgreementoranyotherLoanDocumentorapplicablelaw,includinganyactionthatmaybeinviolationoftheautomatic stay under any requirement of law relating to bankruptcy, insolvency or reorganization or reliefofdebtorsorthatmayeffectaforfeiture,modificationorterminationofpropertyofaDefaultingLenderinviolationofanyrequirementoflawrelatingtobankruptcy,insolvencyorreorganizationorreliefofdebtors;provided
,further
,thattheAdministrativeAgentmayseekclarificationordirectionfromtheRequiredLenderspriortotheexerciseofanysuchinstructedactionandmayrefrainfromactinguntilsuchclarificationordirectionhasbeenprovided.ExceptasexpresslysetforthintheLoanDocuments,theAdministrativeAgentshallnothaveanydutytodisclose,andshallnotbeliableforthefailuretodisclose,anyinformationrelatingtotheCompany,anySubsidiaryoranyAffiliateofanyoftheforegoingthatiscommunicatedtoorobtainedbythePersonservingasAdministrativeAgentoranyofitsAffiliatesinanycapacity.NothinginthisAgreementshallrequiretheAdministrativeAgenttoexpendorriskitsownfundsorotherwiseincuranyfinancialliabilityintheperformanceofanyofitsdutieshereunderorintheexerciseofanyofitsrightsorpowersifitshallhavereasonablegroundsforbelievingthatrepaymentofsuchfundsoradequateindemnityagainstsuchriskorliabilityisnotreasonably assured to it.(c)   InperformingitsfunctionsanddutieshereunderandundertheotherLoanDocuments,theAdministrativeAgentisactingsolelyonbehalfoftheLendersandtheIssuingBanks(exceptinlimitedcircumstancesexpresslyprovidedforhereinrelatingtothemaintenanceoftheRegister),anditsdutiesareentirelymechanicalandadministrativeinnature.Withoutlimitingthegenerality of the foregoing:theAdministrativeAgentdoesnotassumeandshallnotbedeemedtohaveassumedanyobligationordutyoranyotherrelationshipastheagent,fiduciaryortrusteeoforforanyLender,IssuingBankorholderofanyotherobligationotherthanasexpresslysetforthhereinandintheotherLoanDocuments,regardlessofwhetheraDefaultoranEventofDefaulthasoccurredandiscontinuing(anditisunderstoodandagreedthattheuseoftheterm“agent”(oranysimilarterm)hereinorinanyotherLoanDocumentwithreferencetotheAdministrativeAgentisnotintendedtoconnoteanyfiduciarydutyorotherimplied(orexpress)obligationsarisingunderagencydoctrineofanyapplicablelaw,andthatsuchtermisusedasamatterofmarketcustomandisintendedtocreateorreflectonlyanadministrativerelationshipbetweencontractingparties);additionally,eachLenderagreesthatitwillnotassertanyclaimagainsttheAdministrativeAgentbasedonanallegedbreachoffiduciarydutybytheAdministrativeAgentin connection with this Agreement and/or the transactions contemplated hereby; andnothinginthisAgreementoranyLoanDocumentshallrequiretheAdministrativeAgenttoaccounttoanyLenderforanysumortheprofitelementofanysumreceived by the Administrative Agent for its own account.(d)   TheAdministrativeAgentmayperformanyofitsdutiesandexerciseitsrightsandpowershereunderorunderanyotherLoanDocumentbyorthroughanyoneormoresub-agents108






	
	appointedbytheAdministrativeAgent.TheAdministrativeAgentandanysuchsub-agentmayperformanyoftheirrespectivedutiesandexercisetheirrespectiverightsandpowersthroughtheirrespectiveRelatedParties.TheexculpatoryprovisionsofthisArticleshallapplytoanysuchsub-agentandtotheRelatedPartiesoftheAdministrativeAgentandanysuchsub-agent,andshallapplytotheirrespectiveactivitiespursuanttothisAgreement.TheAdministrativeAgentshallnotberesponsibleforthenegligenceormisconductofanysub-agentexcepttotheextentthatacourtofcompetentjurisdictiondeterminesinafinalandnonappealablejudgmentthattheAdministrativeAgentactedwithgrossnegligence or willful misconduct in the selection of such sub-agent.(e)   NoneofanyCo-SyndicationAgent,anyCo-DocumentationAgentoranyLeadArrangershallhaveobligationsordutieswhatsoeverinsuchcapacityunderthisAgreementoranyotherLoan Document and shall incur no liability hereunder or thereunder in such capacity, but all such personsshall have the benefit of the indemnities provided for hereunder.(f)   IncaseofthependencyofanyproceedingwithrespecttoanyLoanPartyunderanyFederal,stateorforeignbankruptcy,insolvency,receivershiporsimilarlawnoworhereafterineffect,theAdministrativeAgent(irrespectiveofwhethertheprincipalofanyLoanoranyreimbursementobligationshallthenbedueandpayableashereinexpressedorbydeclarationorotherwiseandirrespectiveofwhethertheAdministrativeAgentshallhavemadeanydemandontheCompany)shallbeentitled and empowered (but not obligated) by intervention in such proceeding or otherwise:tofileandproveaclaimforthewholeamountoftheprincipalandinterestowingandunpaidinrespectoftheLoans,LCDisbursementsandallotherObligationsthatareowingandunpaidandtofilesuchotherdocumentsasmaybenecessaryoradvisableinordertohavetheclaimsoftheLenders,theIssuingBanksandtheAdministrativeAgent(includinganyclaim under Sections 2.12, 2.13, 2.15, 2.17 and 9.03) allowed in such judicial proceeding; andto collect and receive any monies or other property payable or deliverable on anysuch claims and to distribute the same;and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any suchproceeding is hereby authorized by each Lender, each Issuing Bank and each other Secured Party to makesuchpaymentstotheAdministrativeAgentand,intheeventthattheAdministrativeAgentshallconsentto the making of such payments directly to the Lenders, the Issuing Banks or the other Secured Parties, topaytotheAdministrativeAgentanyamountduetoit,initscapacityastheAdministrativeAgent,undertheLoanDocuments(includingunderSection 9.03).NothingcontainedhereinshallbedeemedtoauthorizetheAdministrativeAgenttoauthorizeorconsenttooracceptoradoptonbehalfofanyLenderorIssuingBankanyplanofreorganization,arrangement,adjustmentorcompositionaffectingtheObligationsortherightsofanyLenderorIssuingBankortoauthorizetheAdministrativeAgenttovotein respect of the claim of any Lender or Issuing Bank in any such proceeding.(g)   TheprovisionsofthisArticlearesolelyforthebenefitoftheAdministrativeAgent,theLendersandtheIssuingBanks,and,exceptsolelytotheextentoftheCompany’srightstoconsentpursuant to and subject to the conditions set forth in this Article, none of the Company or any Subsidiary,oranyoftheirrespectiveAffiliates,shallhaveanyrightsasathirdpartybeneficiaryunderanysuchprovisions.EachSecuredParty,whetherornotapartyhereto,willbedeemed,byitsacceptanceofthebenefitsoftheCollateralandoftheGuaranteesoftheSecuredObligationsprovidedundertheLoanDocuments, to have agreed to the provisions of this Article.SECTION 8.02.   Administrative Agent’s Reliance, Limitation of Liability, Etc
..  (a)   Neither theAdministrativeAgentnoranyofitsRelatedPartiesshallbe(i) liableforanyactiontakenoromittedto109






	
	be taken by such party, the Administrative Agent or any of its Related Parties under or in connection withthisAgreementortheotherLoanDocuments(x) withtheconsentoforattherequestoftheRequiredLenders(orsuchothernumberorpercentageoftheLendersasshallbenecessary,orastheAdministrativeAgentshallbelieveingoodfaithtobenecessary,underthecircumstancesasprovidedintheLoanDocuments)or(y) intheabsenceofitsowngrossnegligenceorwillfulmisconduct(suchabsencetobepresumedunlessotherwisedeterminedbyacourtofcompetentjurisdictionbyafinalandnon-appealablejudgment)or(ii) responsibleinanymannertoanyoftheLendersforanyrecitals,statements,representationsorwarrantiesmadebyanyLoanPartyoranyofficerthereofcontainedinthisAgreementoranyotherLoanDocumentorinanycertificate,report,statementorotherdocumentreferredtoorprovidedforin,orreceivedbytheAdministrativeAgentunderorinconnectionwith,thisAgreementoranyotherLoanDocumentorforthevalue,validity,effectiveness,genuineness,enforceabilityorsufficiencyofthisAgreementoranyotherLoanDocument(including,fortheavoidanceofdoubt,inconnectionwiththeAdministrativeAgent’srelianceonanyElectronicSignaturetransmitted by telecopy, emailed pdf, or any other electronic means that reproduces an image of an actualexecutedsignaturepage)orforanyfailureofanyLoanPartytoperformitsobligationshereunderorthereunder.(b)   TheAdministrativeAgentshallbedeemednottohaveknowledgeofany(i)noticeof any of the events or circumstances set forth or described in Section 5.02 unless and until written noticethereofstatingthatitisa“noticeunderSection5.02”inrespectofthisAgreementandidentifyingthespecificclauseundersaidSectionisgiventotheAdministrativeAgentbytheCompany,or(ii)noticeofanyDefaultorEventofDefaultunlessanduntilwrittennoticethereof(statingthatitisa“noticeofDefault”ora“noticeofanEventofDefault”)isgiventotheAdministrativeAgentbytheCompany,aLenderoranIssuingBank.Further,theAdministrativeAgentshallnotberesponsiblefororhaveanydutytoascertainorinquireinto(i) anystatement,warrantyorrepresentationmadeinorinconnectionwithanyLoanDocument,(ii) thecontentsofanycertificate,reportorotherdocumentdeliveredthereunderorinconnectiontherewith,(iii) theperformanceorobservanceofanyofthecovenants,agreements or other terms or conditions set forth in any Loan Document or the occurrence of any DefaultorEventofDefault,(iv) thesufficiency,validity,enforceability,effectivenessorgenuinenessofanyLoan Document or any other agreement, instrument or document, (v) the satisfaction of any condition setforthinArticle IVorelsewhereinanyLoanDocument,otherthantoconfirmreceiptofitems(whichontheirfacepurporttobesuchitems)expresslyrequiredtobedeliveredtotheAdministrativeAgentorsatisfactionofanyconditionthatexpresslyreferstothemattersdescribedthereinbeingacceptableorsatisfactorytotheAdministrativeAgent,or(vi) thecreation,perfectionorpriorityofLiensontheCollateral.Notwithstandinganythinghereintothecontrary,theAdministrativeAgentshallnotbeliablefor, or be responsible for any Liabilities, costs or expenses suffered by the Company, any Subsidiary, anyLenderoranyIssuingBankasaresultof,anydeterminationoftheRevolvingCreditExposure,anyofthe component amounts thereof or any portion thereof attributable to each Lender or Issuing Bank, or anyexchange rate or calculation of any Dollar Amount.(c)   Withoutlimitingtheforegoing,theAdministrativeAgent(i)maytreatthepayeeofanypromissorynoteasitsholderuntilsuchpromissorynotehasbeenassignedinaccordancewithSection 9.04, (ii) may rely on the Register to the extent set forth in Section 9.04(b), (iii) may consult withlegalcounsel(includingcounseltotheCompany),independentpublicaccountantsandotherexpertsselectedbyit,andshallnotbeliableforanyactiontakenoromittedtobetakeningoodfaithbyitinaccordancewiththeadviceofsuchcounsel,accountantsorexperts,(iv) makesnowarrantyorrepresentationtoanyLenderorIssuingBankandshallnotberesponsibletoanyLenderorIssuingBankforanystatements,warrantiesorrepresentationsmadebyoronbehalfofanyLoanPartyinconnectionwiththisAgreementoranyotherLoanDocument,(v) indeterminingcompliancewithanyconditionhereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilledto the satisfaction of a Lender or an Issuing Bank, may presume that such condition is satisfactory to such110






	
	LenderorIssuingBankunlesstheAdministrativeAgentshallhavereceivednoticetothecontraryfromsuchLenderorIssuingBanksufficientlyinadvanceofthemakingofsuchLoanortheissuanceofsuchLetterofCreditand(vi) shallbeentitledtorelyon,andshallincurnoliabilityunderorinrespectofthisAgreementoranyotherLoanDocumentbyactingupon,anynotice,consent,certificateorotherinstrumentorwriting(whichwritingmaybeafax,anyelectronicmessage,Internetorintranetwebsitepostingorotherdistribution)oranystatementmadetoitorallyorbytelephoneandbelievedbyittobegenuineandsignedorsentorotherwiseauthenticatedbytheproperpartyorparties(whetherornotsuchPerson in fact meets the requirements set forth in the Loan Documents for being the maker thereof).SECTION 8.03.   Posting
of
Communications
..(a)TheCompanyagreesthattheAdministrativeAgentmay,butshallnotbeobligatedto,makeanyCommunicationsavailabletotheLenders and the Issuing Banks by posting the Communications on IntraLinksTM, DebtDomain, SyndTrak,ClearParoranyotherelectronicplatformchosenbytheAdministrativeAgenttobeitselectronictransmission system (the “Approved Electronic Platform
 ”).(b)   AlthoughtheApprovedElectronicPlatformanditsprimarywebportalaresecuredwithgenerally-applicablesecurityproceduresandpoliciesimplementedormodifiedbytheAdministrativeAgentfromtimetotime(including,asoftheRestatementEffectiveDate,auserID/passwordauthorizationsystem)andtheApprovedElectronicPlatformissecuredthroughaper-dealauthorizationmethodwherebyeachusermayaccesstheApprovedElectronicPlatformonlyonadeal-by-dealbasis,eachoftheLenders,eachoftheIssuingBanksandtheCompanyacknowledgesandagreesthatthedistributionofmaterialthroughanelectronicmediumisnotnecessarilysecure,thattheAdministrativeAgentisnotresponsibleforapprovingorvettingtherepresentativesorcontactsofanyLenderthatareaddedtotheApprovedElectronicPlatform,andthattheremaybeconfidentialityandotherrisksassociatedwithsuchdistribution.EachoftheLenders,eachoftheIssuingBanksandtheCompanyherebyapprovesdistributionoftheCommunicationsthroughtheApprovedElectronicPlatform and understands and assumes the risks of such distribution.(c)   THEAPPROVEDELECTRONICPLATFORMANDTHECOMMUNICATIONSAREPROVIDED“AS IS”AND“ASAVAILABLE”.THEAPPLICABLEPARTIES(ASDEFINEDBELOW)DONOTWARRANTTHEACCURACYORCOMPLETENESSOFTHECOMMUNICATIONS,ORTHEADEQUACYOFTHEAPPROVEDELECTRONICPLATFORMANDEXPRESSLYDISCLAIMLIABILITYFORERRORSOROMISSIONSINTHEAPPROVEDELECTRONICPLATFORMANDTHECOMMUNICATIONS.NOWARRANTYOFANYKIND,EXPRESS,IMPLIEDORSTATUTORY,INCLUDINGANYWARRANTYOFMERCHANTABILITY,FITNESSFORAPARTICULARPURPOSE,NON-INFRINGEMENTOFTHIRDPARTYRIGHTSORFREEDOMFROMVIRUSESOROTHERCODEDEFECTS,ISMADEBYTHEAPPLICABLEPARTIESINCONNECTIONWITHTHECOMMUNICATIONSORTHEAPPROVEDELECTRONICPLATFORM.INNOEVENTSHALLTHEADMINISTRATIVEAGENT,ANYLEADARRANGER,ANYCO-DOCUMENTATIONAGENT,ANYCO-SYNDICATIONAGENTORANYOFTHEIRRESPECTIVERELATEDPARTIES(COLLECTIVELY,“APPLICABLEPARTIES”)HAVEANYLIABILITYTOANYLOANPARTY,ANY LENDER, ANY ISSUING BANK OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OFANYKIND,INCLUDINGDIRECTORINDIRECT,SPECIAL,INCIDENTALORCONSEQUENTIALDAMAGES,LOSSESOREXPENSES(WHETHERINTORT,CONTRACTOROTHERWISE)ARISINGOUTOFANYLOANPARTY’SORTHEADMINISTRATIVEAGENT’STRANSMISSIONOFCOMMUNICATIONSTHROUGHTHEINTERNETORTHEAPPROVEDELECTRONIC PLATFORM.“Communications
 ”means,collectively,anynotice,demand,communication,information,documentorothermaterialprovidedbyoronbehalfofanyLoanPartypursuanttoanyLoanDocumentorthe111






	
	transactionscontemplatedthereinwhichisdistributedbytheAdministrativeAgent,anyLenderoranyIssuingBankbymeansofelectroniccommunicationspursuanttothisSection,includingthroughanApproved Electronic Platform.(d)   EachLenderandeachIssuingBankagreesthatnoticetoit(asprovidedinthenextsentence)specifyingthatCommunicationshavebeenpostedtotheApprovedElectronicPlatformshallconstitute effective delivery of the Communications to such Lender for purposes of the Loan Documents.Each Lender and Issuing Bank agrees (i)to notify the Administrative Agent in writing (which could be intheformofelectroniccommunication)fromtimetotimeofsuchLender’sorIssuingBank’s(asapplicable)emailaddresstowhichtheforegoingnoticemaybesentbyelectronictransmissionand(ii) that the foregoing notice may be sent to such email address.(e)   EachoftheLenders,eachoftheIssuingBanksandtheCompanyagreesthattheAdministrativeAgentmay,but(exceptasmayberequiredbyapplicablelaw)shallnotbeobligatedto,storetheCommunicationsontheApprovedElectronicPlatforminaccordancewiththeAdministrativeAgent’s generally applicable document retention procedures and policies.(f)   NothinghereinshallprejudicetherightoftheAdministrativeAgent,anyLenderorany Issuing Bank to give any notice or other communication pursuant to any Loan Document in any othermanner specified in such Loan Document.SECTION 8.04.   The
Administrative
Agent
Individually
..WithrespecttoitsCommitment,Loans(includingSwinglineLoans),LetterofCreditCommitmentsandLettersofCredit,thePersonservingastheAdministrativeAgentshallhaveandmayexercisethesamerightsandpowershereunderandissubjecttothesameobligationsandliabilitiesasandtotheextentsetforthhereinforanyotherLenderorIssuingBank,asthecasemaybe.Theterms“IssuingBanks”,“Lenders”,“RequiredLenders”andanysimilartermsshall,unlessthecontextclearlyotherwiseindicates,includetheAdministrativeAgentinitsindividualcapacityasaLender,IssuingBankorasoneoftheRequiredLenders,asapplicable.ThePersonservingastheAdministrativeAgentanditsAffiliatesmayacceptdepositsfrom,lendmoneyto,ownsecuritiesof,actasthefinancialadvisororinanyotheradvisorycapacityforandgenerallyengageinanykindofbanking,trustorotherbusinesswith,theCompany,anySubsidiaryoranyAffiliateofanyoftheforegoingasifsuchPersonwasnotactingastheAdministrativeAgentandwithout any duty to account therefor to the Lenders or the Issuing Banks.SECTION 8.05.   Successor Administrative Agent
..  (a)   The Administrative Agent may resign atanytimebygiving30 days’priorwrittennoticethereoftotheLenders,theIssuingBanksandtheCompany,whetherornotasuccessorAdministrativeAgenthasbeenappointed.Uponanysuchresignation,(i)theAdministrativeAgentmayappointoneofitsAffiliatesactingthroughanofficeintheEuropeanUnionasasuccessorAdministrativeAgentand(ii)iftheAdministrativeAgenthasnotappointedoneofitsAffiliatesactingthroughanofficeintheEuropeanUnionasasuccessorAdministrativeAgentpursuanttoclause(i)above,theRequiredLendersshallhavetheright,withtheapprovaloftheCompany(suchapprovalnottobeunreasonablywithheldordelayed),toappointasuccessorAdministrativeAgent;providedthatnoconsentoftheCompanyshallberequiredifanEventofDefaulthasoccurredandiscontinuing.IfnosuccessorAdministrativeAgentshallhavebeensoappointedbytheRequiredLenders,andshallhaveacceptedsuchappointment,within30 daysaftertheretiringAdministrativeAgent’sgivingofnoticeofresignation,thentheretiringAdministrativeAgentmay,onbehalfoftheLendersandtheIssuingBanks,appointasuccessorAdministrativeAgent,whichshallbeabankwithanofficeinNewYork,NewYorkoranAffiliateofanysuchbank.Ineithercase,(otherthaniftheAdministrativeAgentappointsoneofitsAffiliatesactingthroughanofficeintheEuropeanUnionasasuccessorAdministrativeAgentpursuanttoclause(i)above)suchappointmentshallbesubjecttothepriorwrittenapprovaloftheCompany(whichapprovalmaynotbeunreasonably112






	
	withheldandshallnotberequiredwhileanEventofDefaulthasoccurredandiscontinuing).UpontheacceptanceofanyappointmentasAdministrativeAgentbyasuccessorAdministrativeAgent,suchsuccessorAdministrativeAgentshallsucceedto,andbecomevestedwith,alltherights,powers,privilegesanddutiesoftheretiringAdministrativeAgent.UpontheacceptanceofappointmentasAdministrativeAgentbyasuccessorAdministrativeAgent,theretiringAdministrativeAgentshallbedischargedfromitsdutiesandobligationsunderthisAgreementandtheotherLoanDocuments.PriortoanyretiringAdministrativeAgent’sresignationhereunderasAdministrativeAgent,theretiringAdministrativeAgentshalltakesuchactionasmaybereasonablynecessarytoassigntothesuccessorAdministrative Agent its rights as Administrative Agent under the Loan Documents.(b)   Notwithstandingparagraph(a)ofthisSection,intheeventnosuccessorAdministrativeAgentshallhavebeensoappointedandshallhaveacceptedsuchappointmentwithin30 daysaftertheretiringAdministrativeAgentgivesnoticeofitsintenttoresign,theretiringAdministrativeAgentmaygivenoticeoftheeffectivenessofitsresignationtotheLenders,theIssuingBanksandtheCompany,whereupon,onthedateofeffectivenessofsuchresignationstatedinsuchnotice, (i) the retiring Administrative Agent shall be discharged from its duties and obligations hereunderandundertheotherLoanDocuments;provided
that,solelyforpurposesofmaintaininganysecurityinterestgrantedtotheAdministrativeAgentunderanyCollateralDocumentforthebenefitoftheSecuredParties,theretiringAdministrativeAgentshallcontinuetobevestedwithsuchsecurityinterestascollateralagentforthebenefitoftheSecuredParties,andcontinuetobeentitledtotherightssetforthinsuchCollateralDocumentandLoanDocument,and,inthecaseofanyCollateralinthepossessionoftheAdministrativeAgent,shallcontinuetoholdsuchCollateral,ineachcaseuntilsuchtimeasasuccessorAdministrativeAgentisappointedandacceptssuchappointmentinaccordancewiththisSection(itbeingunderstoodandagreedthattheretiringAdministrativeAgentshallhavenodutyorobligationtotakeanyfurtheractionunderanyCollateralDocument,includinganyactionrequiredtomaintaintheperfectionofanysuchsecurityinterest),and(ii) theRequiredLendersshallsucceedtoandbecomevestedwithalltherights,powers,privilegesanddutiesoftheretiringAdministrativeAgent;provided
that(A) allpaymentsrequiredtobemadehereunderorunderanyotherLoanDocumenttotheAdministrativeAgentfortheaccountofanyPersonotherthantheAdministrativeAgentshallbemadedirectlytosuchPersonand(B) allnoticesandothercommunicationsrequiredorcontemplatedtobegivenormadetotheAdministrativeAgentshalldirectlybegivenormadetoeachLenderandeachIssuingBank.FollowingtheeffectivenessoftheAdministrativeAgent’sresignationfromitscapacityassuch,theprovisionsofthisArticleandSection9.03,aswellasanyexculpatory,reimbursementandindemnificationprovisionssetforthinanyotherLoanDocument,shallcontinueineffectforthebenefitof such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of anyactions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting asAdministrative Agent and in respect of the matters referred to in the proviso under clause (i) above.SECTION 8.06.   Acknowledgments
of
Lenders
and
Issuing
Banks
..(a)EachLenderandeachIssuingBankrepresentsandwarrantsthat(i)theLoanDocumentssetforththetermsofacommerciallendingfacility,(ii)itisengagedinmaking,acquiringorholdingcommercialloansandinprovidingotherfacilitiessetforthhereinasmaybeapplicabletosuchLenderorIssuingBank,ineachcaseintheordinarycourseofbusinessandnotforthepurposeofpurchasing,acquiringorholdinganyothertypeoffinancial instrument (and each Lender and each Issuing Bank agrees not to assert a claim in contraventionoftheforegoing),(iii)ithas,independentlyandwithoutrelianceupontheAdministrativeAgent,anyLeadArranger,anyCo-SyndicationAgent,anyCo-DocumentationAgentoranyotherLenderorIssuingBank,oranyoftheRelatedPartiesofanyoftheforegoing,andbasedonsuchdocumentsandinformationasithasdeemedappropriate,madeitsowncreditanalysisanddecisiontoenterintothisAgreementasaLender,andtomake,acquireorholdLoanshereunderand(iv)itissophisticatedwithrespecttodecisionstomake,acquireand/orholdcommercialloansandtoprovideotherfacilitiessetforthherein,asmaybeapplicabletosuchLenderorsuchIssuingBank,andeitherit,orthePerson113






	
	exercisingdiscretioninmakingitsdecisiontomake,acquireand/orholdsuchcommercialloansortoprovidesuchotherfacilities,isexperiencedinmaking,acquiringorholdingsuchcommercialloansorprovidingsuchotherfacilities.EachLenderandeachIssuingBankalsoacknowledgesthatitwill,independentlyandwithoutrelianceupontheAdministrativeAgent,anyLeadArrangeranyCo-SyndicationAgent,anyCo-DocumentationAgentoranyotherLenderorIssuingBank,oranyoftheRelatedPartiesofanyoftheforegoing,andbasedonsuchdocumentsandinformation(whichmaycontainmaterial,non-publicinformationwithinthemeaningoftheUnitedStatessecuritieslawsconcerningtheCompanyanditsAffiliates)asitshallfromtimetotimedeemappropriate,continuetomakeitsowndecisionsintakingornottakingactionunderorbaseduponthisAgreement,anyotherLoan Document or any related agreement or any document furnished hereunder or thereunder.(b)   EachLender,bydeliveringitssignaturepagetothisAgreementontheRestatementEffectiveDate,ordeliveringitssignaturepagetoanAssignmentandAssumptionoranyotherLoanDocumentpursuanttowhichitshallbecomeaLenderhereunder,shallbedeemedtohaveacknowledgedreceiptof,andconsentedtoandapproved,eachLoanDocumentandeachotherdocumentrequiredtobedeliveredto,orbeapprovedbyorsatisfactoryto,theAdministrativeAgentortheLendersontheRestatement Effective Date.(c)   (i)EachLenderherebyagreesthat(x)iftheAdministrativeAgentnotifiessuchLenderthattheAdministrativeAgenthasdeterminedinitssolediscretionthatanyfundsreceivedbysuch Lender from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment orrepaymentofprincipal,interest,feesorotherwise;individuallyandcollectively,a“Payment
 ”)wereerroneouslytransmittedtosuchLender(whetherornotknowntosuchLender),anddemandsthereturnofsuchPayment(oraportionthereof),suchLendershallpromptly,butinnoeventlaterthanoneBusinessDaythereafter,returntotheAdministrativeAgenttheamountofanysuchPayment(orportionthereof) as to which such a demand was made in same day funds, together with interest thereon in respectofeachdayfromandincludingthedatesuchPayment(orportionthereof)wasreceivedbysuchLendertothedatesuchamountisrepaidtotheAdministrativeAgentatthegreateroftheNYFRBRateandaratedeterminedbytheAdministrativeAgentinaccordancewithbankingindustryrulesoninterbankcompensationfromtimetotimeineffect,and(y)totheextentpermittedbyapplicablelaw,suchLendershallnotassert,andherebywaives,astotheAdministrativeAgent,anyclaim,counterclaim,defenseorrightofset-offorrecoupmentwithrespecttoanydemand,claimorcounterclaimbytheAdministrativeAgentforthereturnofanyPaymentsreceived,includingwithoutlimitationanydefensebasedon“dischargeforvalue”oranysimilardoctrine.AnoticeoftheAdministrativeAgenttoanyLenderunderthis paragraph shall be conclusive, absent manifest error.(ii)EachLenderherebyfurtheragreesthatifitreceivesaPaymentfromtheAdministrativeAgentoranyofitsAffiliates(x)thatisinadifferentamountthan,oronadifferentdatefrom,thatspecified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect tosuch Payment (a “Payment Notice
 ”) or (y) that was not preceded or accompanied by a Payment Notice, itshallbeonnotice,ineachsuchcase,thatanerrorhasbeenmadewithrespecttosuchPayment.EachLenderagreesthat,ineachsuchcase,orifitotherwisebecomesawareaPayment(orportionthereof)mayhavebeensentinerror,suchLendershallpromptlynotifytheAdministrativeAgentofsuchoccurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later thanoneBusinessDaythereafter,returntotheAdministrativeAgenttheamountofanysuchPayment(orportion thereof) as to which such a demand was made in same day funds, together with interest thereon inrespectofeachdayfromandincludingthedatesuchPayment(orportionthereof)wasreceivedbysuchLendertothedatesuchamountisrepaidtotheAdministrativeAgentatthegreateroftheNYFRBRateandaratedeterminedbytheAdministrativeAgentinaccordancewithbankingindustryrulesoninterbank compensation from time to time in effect.114






	
	(iii)EachBorrowerandeachotherLoanPartyherebyagreesthat(x)intheeventanerroneousPayment(orportionthereof)arenotrecoveredfromanyLenderthathasreceivedsuchPayment(orportionthereof)foranyreason,theAdministrativeAgentshallbesubrogatedtoalltherightsofsuchLenderwithrespecttosuchamountand(y)anerroneousPaymentshallnotpay,prepay,repay,dischargeorotherwisesatisfyanyObligationsowedbyanyBorroweroranyotherLoanParty.
,
provided
that
this
Section
8.06(c)(iii)
shall
not
be
interpreted
to
increase
(or
accelerate
the
due
date
for),
or
have
the
effect
of
increasing
(or
accelerating
the
due
date
for),
the
Loans
and
interest
thereon
relative
to
the
amount
(and/or
timing
for
payment)
thereof
that
would
have
been
payable
had
such
erroneous
Payment
not
been
made
by
the
Administrative
Agent,
and
provided,
further,
that
for
the
avoidance
of
doubt,
immediately
preceding
clauses
(x)
and
(y)
shall
not
apply
to
the
extent
any
such
erroneous
Payment
is,
and
solely
with
respect
to
the
amount
of
such
erroneous
Payment
that
is,
comprised
of
funds
received
by
the
Administrative
Agent
from,
or
on
behalf
of
(including
through
the
exercise
of
remedies
under any Loan Document), the Borrowers for the purpose of making a payment on the Obligations.
(iv)Eachparty’sobligationsunderthisparagraphshallsurvivetheresignationorreplacementoftheAdministrativeAgentoranytransferofrightsorobligationsby,orthereplacementof,aLender,theterminationoftheCommitmentsortherepayment,satisfactionordischargeofallSecured Obligations under any Loan Document.SECTION 8.07.   Collateral
Matters
..(a)ExceptwithrespecttotheexerciseofsetoffrightsinaccordancewithSection 9.08orwithrespecttoaSecuredParty’srighttofileaproofofclaiminaninsolvencyproceeding,noSecuredPartyshallhaveanyrightindividuallytorealizeuponanyoftheCollateral or to enforce any Guarantee of the Secured Obligations, it being understood and agreed that allpowers,rightsandremediesundertheLoanDocumentsmaybeexercisedsolelybytheAdministrativeAgent on behalf of the Secured Parties in accordance with the terms thereof.(b)   Infurtheranceoftheforegoingandnotinlimitationthereof,noarrangementsinrespectofBankingServicestheobligationsunderwhichconstituteSecuredObligationsandnoSwapAgreementtheobligationsunderwhichconstituteSecuredObligations,willcreate(orbedeemedtocreate) in favor of any Secured Party that is a party thereto any rights in connection with the managementorreleaseofanyCollateraloroftheobligationsofanyLoanPartyunderanyLoanDocument.ByacceptingthebenefitsoftheCollateral,eachSecuredPartythatisapartytoanyBankingServicesAgreementorSwapAgreementinrespectofSwapObligations,asapplicable,shallbedeemedtohaveappointedtheAdministrativeAgenttoserveasadministrativeagentandcollateralagentundertheLoanDocumentsandagreedtobeboundbytheLoanDocumentsasaSecuredPartythereunder,subjecttothelimitations set forth in this paragraph.(c)   TheSecuredPartiesirrevocablyauthorizetheAdministrativeAgent,atitsoptionandinitsdiscretion,tosubordinateanyLienonanypropertygrantedtoorheldbytheAdministrativeAgentunderanyLoanDocumenttotheholderofanyLienonsuchpropertythatispermittedbySection6.02.  The Administrative Agent shall not be responsible for or have a duty to ascertain or inquireintoanyrepresentationorwarrantyregardingtheexistence,valueorcollectabilityoftheCollateral,theexistence, priority or perfection of the Administrative Agent’s Lien thereon or any certificate prepared byany Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to theLenders or any other Secured Party for any failure to monitor or maintain any portion of the Collateral.SECTION 8.08.   Credit
Bidding
..TheSecuredPartiesherebyirrevocablyauthorizetheAdministrativeAgent,atthedirectionoftheRequiredLenders,tocreditbidalloranyportionoftheObligations(includingbyacceptingsomeoralloftheCollateralinsatisfactionofsomeoralloftheObligationspursuanttoadeedinlieuofforeclosureorotherwise)andinsuchmannerpurchase(eitherdirectlyorthroughoneormoreacquisitionvehicles)alloranyportionoftheCollateral(a) atanysale115






	
	thereofconductedundertheprovisionsoftheBankruptcyCode,includingunderSections 363,1123or1129oftheBankruptcyCode,oranysimilarlawsinanyotherjurisdictionstowhichaLoanPartyissubject,or(b) atanyothersale,foreclosureoracceptanceofcollateralinlieuofdebtconductedby(orwiththeconsentoratthedirectionof)theAdministrativeAgent(whetherbyjudicialactionorotherwise)inaccordancewithanyapplicablelaw.Inconnectionwithanysuchcreditbidandpurchase,theObligationsowedtotheSecuredPartiesshallbeentitledtobe,andshallbe,creditbidbytheAdministrativeAgentatthedirectionoftheRequiredLendersonaratablebasis(withObligationswithrespecttocontingentorunliquidatedclaimsreceivingcontingentinterestsintheacquiredassetsonaratablebasisthatshallvestupontheliquidationofsuchclaimsinanamountproportionaltotheliquidated portion of the contingent claim amount used in allocating the contingent interests) for the assetorassetssopurchased(orfortheequityinterestsordebtinstrumentsoftheacquisitionvehicleorvehiclesthatareissuedinconnectionwithsuchpurchase).Inconnectionwithanysuchbid,(i) theAdministrativeAgentshallbeauthorizedtoformoneormoreacquisitionvehiclesandtoassignanysuccessfulcreditbidtosuchacquisitionvehicleorvehicles,(ii) eachoftheSecuredParties’ratableinterestsintheObligationswhichwerecreditbidshallbedeemedwithoutanyfurtheractionunderthisAgreementtobeassignedtosuchvehicleorvehiclesforthepurposeofclosingsuchsale,(iii) theAdministrativeAgentshallbeauthorizedtoadoptdocumentsprovidingforthegovernanceoftheacquisitionvehicleorvehicles(providedthatanyactionsbytheAdministrativeAgentwithrespecttosuchacquisitionvehicleorvehicles,includinganydispositionoftheassetsorequityintereststhereof,shallbegoverned,directlyorindirectly,by,andthegoverningdocumentsshallprovidefor,controlbythevoteoftheRequiredLendersortheirpermittedassigneesunderthetermsofthisAgreementorthegoverning documents of the applicable acquisition vehicle or vehicles, as the case may be, irrespective oftheterminationofthisAgreementandwithoutgivingeffecttothelimitationsonactionsbytheRequiredLenderscontainedinSection 9.02ofthisAgreement),(iv) theAdministrativeAgentonbehalfofsuchacquisitionvehicleorvehiclesshallbeauthorizedtoissuetoeachoftheSecuredParties,ratablyonaccountoftherelevantObligationswhichwerecreditbid,interests,whetherasequity,partnershipinterests,limitedpartnershipinterestsormembershipinterests,inanysuchacquisitionvehicleand/ordebtinstrumentsissuedbysuchacquisitionvehicle,allwithouttheneedforanySecuredPartyoracquisition vehicle to take any further action, and (v) to the extent that Obligations that are assigned to anacquisitionvehiclearenotusedtoacquireCollateralforanyreason(asaresultofanotherbidbeinghigherorbetter,becausetheamountofObligationsassignedtotheacquisitionvehicleexceedstheamountofObligationscreditbidbytheacquisitionvehicleorotherwise),suchObligationsshallautomatically be reassigned to the Secured Parties pro rata with their original interest in such Obligationsandtheequityinterestsand/ordebtinstrumentsissuedbyanyacquisitionvehicleonaccountofsuchObligationsshallautomaticallybecancelled,withouttheneedforanySecuredPartyoranyacquisitionvehicletotakeanyfurtheraction.NotwithstandingthattheratableportionoftheObligationsofeachSecuredPartyaredeemedassignedtotheacquisitionvehicleorvehiclesassetforthinclause (ii)above,eachSecuredPartyshallexecutesuchdocumentsandprovidesuchinformationregardingtheSecuredParty (and/or any designee of the Secured Party which will receive interests in or debt instruments issuedbysuchacquisitionvehicle)astheAdministrativeAgentmayreasonablyrequestinconnectionwiththeformationofanyacquisitionvehicle,theformulationorsubmissionofanycreditbidortheconsummation of the transactions contemplated by such credit bid.SECTION 8.09.   Foreign
Law
Matters
..(a)EachBorrower,onitsbehalfandonbehalfofitsSubsidiaries,andeachLender,onitsbehalfandonthebehalfofitsaffiliatedSecuredParties,herebyirrevocablyconstitutetheAdministrativeAgentastheholderofanirrevocablepowerofattorney(fondédepouvoirwithinthemeaningofArticle2692oftheCivilCodeofQuébec)inordertoholdhypothecsandsecuritygrantedbyeachBorroweroranySubsidiaryonpropertypursuanttothelawsoftheProvinceofQuébectosecureobligationsofanyBorroweroranySubsidiaryunderanybond,debentureorsimilartitleofindebtednessissuedbyanyBorroweroranySubsidiaryinconnectionwiththisAgreement,andagreethattheAdministrativeAgentmayactasthebondholderandmandatarywith116






	
	respect to any bond, debenture or similar title of indebtedness that may be issued by any Borrower or anySubsidiaryandpledgedinfavoroftheSecuredPartiesinconnectionwiththisAgreement.NotwithstandingtheprovisionsofSection32oftheAnActrespectingthespecialpowersoflegalpersons(Québec),JPMorganChaseBank,N.A.asAdministrativeAgentmayacquireandbetheholderofanybondissuedbyanyBorroweroranySubsidiaryinconnectionwiththisAgreement(i.e.,thefondédepouvoirmayacquireandholdthefirstbondissuedunderanydeedofhypothecbyanyBorrowerorany Subsidiary).(b)   TheAdministrativeAgentisherebyauthorizedtoexecuteanddeliveranydocumentsnecessaryorappropriatetocreateandperfecttherightsofpledgeforthebenefitoftheSecuredPartiesincludingarightofpledgewithrespecttotheentitlementstoprofits,thebalanceleftafterwindingupandthevotingrightsoftheCompanyasultimateparentofanysubsidiaryoftheCompanywhichisorganizedunderthelawsoftheNetherlandsandtheEquityInterestsofwhicharepledgedinconnectionherewith(a“Dutch
Pledge
 ”).WithoutprejudicetotheprovisionsofthisAgreement and the other Loan Documents, the parties hereto acknowledge and agree with the creation ofparalleldebtobligationsoftheCompanyoranyrelevantSubsidiaryaswillbedescribedinanyDutchPledge(the“Parallel
Debt
 ”),includingthatanypaymentreceivedbytheAdministrativeAgentinrespectoftheParallelDebtwill-conditionallyuponsuchpaymentnotsubsequentlybeingavoidedorreducedbyvirtueofanyprovisionsorenactmentsrelatingtobankruptcy,insolvency,preference,liquidationorsimilarlawsofgeneralapplication-bedeemedasatisfactionofaprorataportionofthecorrespondingamountsoftheSecuredObligations,andanypaymenttotheSecuredPartiesinsatisfactionoftheSecuredObligationsshall-conditionallyuponsuchpaymentnotsubsequentlybeingavoidedorreducedbyvirtueofanyprovisionsorenactmentsrelatingtobankruptcy,insolvency,preference,liquidationorsimilarlawsofgeneralapplication-bedeemedassatisfactionofthecorrespondingamountoftheParallelDebt.Thepartiesheretoacknowledgeandagreethat,forpurposesofaDutchPledge,anyresignationbytheAdministrativeAgentisnoteffectiveuntilitsrightsundertheParallelDebtareassigned to the successor Administrative Agent.(c)   ThepartiesheretoacknowledgeandagreeforthepurposesoftakingandensuringthecontinuingvalidityofGermanlawgovernedpledges(Pfandrechte)withthecreationofparalleldebtobligations of the Borrowers as will be further described in a separate German law governed parallel debtundertaking.TheAdministrativeAgentshall(i)holdsuchparalleldebtundertakingasfiduciaryagent(Treuhaender)and(ii)administerandholdasfiduciaryagent(Treuhaender)anypledgecreatedunderaGermanlawgovernedCollateralDocumentwhichiscreatedinfavorofanySecuredPartyortransferredtoanySecuredPartyduetoitsaccessorynature(Akzessorietaet),ineachcaseinitsownnameandforthe account of the Secured Parties.  Each Lender, on its own behalf and on behalf of its affiliated SecuredParties,herebyauthorizestheAdministrativeAgenttoenterasitsagentinitsnameandonitsbehalfintoanyGermanlawgovernedCollateralDocument,toacceptasitsagentinitsnameandonitsbehalfanypledgeundersuchCollateralDocumentandtoagreetoandexecuteasitsagentinitsnameandonitsbehalfanyamendments,supplementsandotheralterationstoanysuchCollateralDocumentandtoreleaseanysuchCollateralDocumentandanypledgecreatedunderanysuchCollateralDocumentinaccordance with the provisions herein and/or the provisions in any such Collateral Document.ARTICLE IXMiscellaneous
SECTION 9.01.   Notices
..(a)Exceptinthecaseofnoticesandothercommunicationsexpresslypermittedtobegivenbytelephone(andsubjecttoparagraph(b)below),allnoticesandother117






	
	communicationsprovidedforhereinshallbeinwritingandshallbedeliveredbyhandorovernightcourier service, mailed by certified or registered mail or sent by telecopy, as follows:(i)   iftoanyBorrower,toitc/oTennantCompany,10400CleanStreet,EdenPrairie,Minnesota55344,AttentionofThomasStueve,VicePresidentandTreasurer(TelecopyNo.(763)765-9026;TelephoneNo.(763)513-2120);Thomas.Stueve@tennantco.com;Kristin.Stokes@tennantco.com,alongwithacopy(inthecaseofanoticeofDefault)totheattention of General Counsel at the same address;(ii)   iftotheAdministrativeAgent,to(A)inthecaseofBorrowingsbytheCompanydenominated in Dollars, JPMorgan Chase Bank, N.A., 10 South Dearborn Street, Chicago, IL60603,AttentionofCharitraShetty(TelecopyNo.844-490-5663;charitra.shetty@chase.com;jpm.agency.cri@jpmorgan.com)and(B)inthecaseofBorrowings by any Foreign Subsidiary Borrower or denominated in Agreed Currencies otherthanDollars,JPMorganEuropeLimited,25BankStreet,CanaryWharf,LondonE145AJ,Attention of The Manager, Loan & Agency Services (Telecopy No. 011-44-207-777-2360);(iii)   iftotheIssuingBank,toitatJPMorganChaseBank,N.A.,10SouthDearbornStreet,Chicago,IL60603,AttentionofCharitraShetty(TelecopyNo.844-490-5663;charitra.shetty@chase.com; jpm.agency.cri@jpmorgan.com);(iv)   if to the Swingline Lender, to it at JPMorgan Chase Bank, N.A., 10 South DearbornStreet,Chicago,IL60603,AttentionofCharitraShetty(TelecopyNo.844-490-5663;charitra.shetty@chase.com; jpm.agency.cri@jpmorgan.com); and(v)   iftoanyotherLender,toitatitsaddress(ortelecopynumber)setforthinitsAdministrative Questionnaire.Noticessentbyhandorovernightcourierservice,ormailedbycertifiedorregisteredmail,shallbedeemedtohavebeengivenwhenreceived;noticessentbyfacsimileshallbedeemedtohavebeengivenwhensent(exceptthat,ifnotgivenduringnormalbusinesshoursfortherecipient,shallbedeemedtohavebeengivenattheopeningofbusinessonthenextbusinessdayfortherecipient).NoticesdeliveredthroughElectronicSystems,totheextentprovidedinparagraph (b)below,shallbeeffectiveasprovidedin said paragraph (b).(b)   NoticesandothercommunicationstotheLendersandtheIssuingBankhereundermaybedeliveredorfurnishedbyusingElectronicSystemspursuanttoproceduresapprovedbytheAdministrativeAgent;providedthattheforegoingshallnotapplytonoticespursuanttoArticleIIunlessotherwiseagreedbytheAdministrativeAgentandtheapplicableLender.TheAdministrativeAgentortheCompanymay,initsdiscretion,agreetoacceptnoticesandothercommunicationstoithereunderbyelectroniccommunicationspursuanttoproceduresapprovedbyit;providedthatapprovalofsuchprocedures may be limited to particular notices or communications.(c)   UnlesstheAdministrativeAgentotherwiseprescribes,(i)noticesandothercommunicationssenttoane-mailaddressshallbedeemedreceiveduponthesender’sreceiptofanacknowledgementfromtheintendedrecipient(suchasbythe“returnreceiptrequested”function,asavailable,returne-mailorotherwrittenacknowledgement),and(ii) noticesorcommunicationspostedtoanInternetorintranetwebsiteshallbedeemedreceiveduponthedeemedreceiptbytheintendedrecipient,atitse-mailaddressasdescribedintheforegoingclause (i),ofnotificationthatsuchnoticeorcommunicationisavailableandidentifyingthewebsiteaddresstherefor;provided
that,forbothclauses(i)and(ii)above,ifsuchnotice,emailorothercommunicationisnotsentduringthenormalbusiness118






	
	hoursoftherecipient,suchnoticeorcommunicationshallbedeemedtohavebeensentattheopeningofbusiness on the next business day for the recipient.(d)   Anypartyheretomaychangeitsaddressortelecopynumberfornoticesandothercommunications hereunder by notice to the other parties hereto.(e)   Electronic Systems.(i)   TheCompanyagreesthattheAdministrativeAgentmay,butshallnotbeobligatedto,makeCommunications(asdefinedbelow)availabletotheIssuingBankandtheotherLenders by posting the Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or asubstantially similar Electronic System.(ii)   Any Electronic System used by the Administrative Agent is provided “as is” and “asavailable.”TheAgentParties(asdefinedbelow)donotwarranttheadequacyofsuchElectronicSystemsandexpresslydisclaimliabilityforerrorsoromissionsintheCommunications.Nowarrantyofanykind,express,impliedorstatutory,includinganywarrantyofmerchantability,fitnessforaparticularpurpose,non-infringementofthird-partyrightsorfreedomfromvirusesorothercodedefects,ismadebyanyAgentPartyinconnectionwiththeCommunicationsoranyElectronicSystem.InnoeventshalltheAdministrativeAgentoranyofitsRelatedParties(collectively,the“Agent
Parties
 ”)haveanyliabilitytoanyLoanParty,anyLender,theIssuingBankoranyotherPersonorentityfordamagesofanykind,includingdirectorindirect,special,incidentalorconsequentialdamages,lossesorexpenses(whetherintort,contractorotherwise)arisingoutofanyLoanParty’s or the Administrative Agent’s transmission of Communications through an ElectronicSystem.SECTION 9.02.   Waivers; Amendments
..(a)   NofailureordelaybytheAdministrativeAgent,theIssuingBankoranyLenderinexercisinganyrightorpowerhereunderorunderanyotherLoanDocumentshalloperateasawaiverthereof,norshallanysingleorpartialexerciseofanysuchrightorpower,oranyabandonmentordiscontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof ortheexerciseofanyotherrightorpower.TherightsandremediesoftheAdministrativeAgent,theIssuingBankandtheLendershereunderandundertheotherLoanDocumentsarecumulativeandarenotexclusiveofanyrightsorremediesthattheywouldotherwisehave.NowaiverofanyprovisionofthisAgreementorconsenttoanydeparturebyanyBorrowertherefromshallinanyeventbeeffectiveunlessthesameshallbepermittedbyparagraph(b)ofthisSection,andthensuchwaiverorconsentshallbeeffectiveonlyinthespecificinstanceandforthepurposeforwhichgiven.Withoutlimitingthegeneralityoftheforegoing,themakingofaLoanorissuanceofaLetterofCreditshallnotbeconstruedasawaiverofanyDefault,regardlessofwhethertheAdministrativeAgent,anyLenderortheIssuingBank may have had notice or knowledge of such Default at the time.(b)   ExceptasprovidedinSection2.20withrespecttoanIncrementalTermLoanAmendment or pursuant to any fee letter entered into by the Company in connection with this AgreementandsubjecttoSection2.14(b),
and
(c)and
(d)
andclauses(c)and(f)below,neitherthisAgreementnor
anyprovisionhereofmaybewaived,amendedormodifiedexceptpursuanttoanagreementoragreementsinwritingenteredintobytheBorrowersandtheRequiredLendersorbytheBorrowersandtheAdministrativeAgentwiththeconsentoftheRequiredLenders;provided
thatnosuchagreementshall(i)increasetheCommitmentofanyLenderwithoutthewrittenconsentofsuchLender,(ii)reducetheprincipalamountofanyLoanorLCDisbursementorreducetherateofinterestthereon,orreduce119






	
	anyfeespayablehereunder,withoutthewrittenconsentofeachLenderdirectlyaffectedthereby(exceptthatanyamendmentormodificationofthefinancialcovenantsinthisAgreement(ordefinedtermsusedin the financial covenants in this Agreement) shall not constitute a reduction in the rate of interest or feesforpurposesofthisclause(ii)),(iii)postponethescheduleddateofpaymentoftheprincipalamountofanyLoanorLCDisbursement,oranyinterestthereon,oranyfeespayablehereunder,orreducetheamountof,waiveorexcuseanysuchpayment,orpostponethescheduleddateofexpirationofanyCommitment,withoutthewrittenconsentofeachLenderdirectlyaffectedthereby(otherthananyreductionoftheamountof,oranyextensionofthepaymentdatefor,themandatoryprepaymentsrequired under Section 2.11, in each case which shall only require the approval of the Required Lenders),(iv)changeSection2.09(c)orSection2.18(b)or(d)inamannerthatwouldaltertheratablereductionofCommitmentsortheproratasharingofpaymentsrequiredthereby,withoutthewrittenconsentofeachLender,(v)changethepaymentwaterfallprovisionsofSection2.24(b)or7.02withoutthewrittenconsentofeachLender,(vi)changeanyoftheprovisionsofthisSectionorthedefinitionof“RequiredLenders”oranyotherprovisionhereofspecifyingthenumberorpercentageofLendersrequiredtowaive,amendormodifyanyrightshereunderormakeanydeterminationorgrantanyconsenthereunder,withoutthewrittenconsentofeachLender(itbeingunderstoodthat,solelywiththeconsentofthepartiesprescribedbySection2.20tobepartiestoanIncrementalTermLoanAmendment,IncrementalTermLoans may be included in the determination of Required Lenders on substantially the same basis astheCommitmentsandtheRevolvingLoansandDelayedDrawTermLoansareincludedontheRestatementEffectiveDate)or(vii)releasetheCompanyfromitsobligationsunderArticleXorallorsubstantiallyalloftheSubsidiaryGuarantorsfromtheirobligationsunderArticleXortheSubsidiaryGuaranty,ineachcase,withoutthewrittenconsentofeachLender,or(vii)exceptasprovidedinclause(d)ofthisSectionorinanyCollateralDocument,releaseallorsubstantiallyalloftheCollateral,asapplicable,withoutthewrittenconsentofeachLender;provided
further
thatnosuchagreementshallamend,modifyorotherwiseaffecttherightsordutiesoftheAdministrativeAgent,theIssuingBankortheSwinglineLenderhereunderwithoutthepriorwrittenconsentoftheAdministrativeAgent,theIssuing Bank or the Swingline Lender, as the case may be (it being understood that any change to Section2.24shallrequiretheconsentoftheAdministrativeAgent,theIssuingBankandtheSwinglineLender);provided
further
thatnosuchagreementshallamendormodifytheprovisionsofSection 2.06oranyletterofcreditapplicationandanybilateralagreementbetweentheCompanyandtheIssuingBankregarding the Issuing Bank’s Issuing Bank Sublimit (other than in the manner set forth in the definition ofIssuingBankSublimit)ortherespectiverightsandobligationsbetweentheCompanyandtheIssuingBankinconnectionwiththeissuanceofLettersofCreditwithoutthepriorwrittenconsentoftheAdministrativeAgentandtheIssuingBank,respectively.Notwithstandingtheforegoing,noconsentwithrespecttoanyamendment,waiverorothermodificationofthisAgreementshallberequiredofanyDefaultingLender,exceptwithrespecttoanyamendment,waiverorothermodificationreferredtoinclause(i),(ii)or(iii)ofthefirstprovisoofthisparagraphandthenonlyintheeventsuchDefaultingLender shall be directly affected by such amendment, waiver or other modification.(c)   Notwithstandingtheforegoing,thisAgreementandanyotherLoanDocumentmaybeamended(oramendedandrestated)withthewrittenconsentoftheRequiredLenders,theAdministrativeAgentandtheBorrowerstoeachrelevantLoanDocument(x)toaddoneormorecreditfacilities (in addition to the Incremental Term Loans pursuant to an Incremental Term Loan Amendment)tothisAgreementandtopermitextensionsofcreditfromtimetotimeoutstandingthereunderandtheaccruedinterestandfeesinrespectthereoftoshareratablyinthebenefitsofthisAgreementandtheotherLoanDocumentswiththeRevolvingLoans,theDelayedDrawTermLoans,IncrementalTermLoansandtheaccruedinterestandfeesinrespectthereofand(y)toincludeappropriatelytheLendersholding such credit facilities in any determination of the Required Lenders and Lenders.(d)   TheLendersherebyirrevocablyauthorizetheAdministrativeAgent,atitsoptionand in its sole discretion, to release any Liens granted to the Administrative Agent by the Loan Parties on120






	
	anyCollateralandreleasetheSubsidiaryGuarantorsfromtheSubsidiaryGuaranty(i)upontheterminationofalltheCommitments,paymentandsatisfactioninfullincashofallSecuredObligations(other than the Unliquidated Obligations) and the cash collateralization of all Unliquidated Obligations inamannersatisfactorytotheAdministrativeAgent,(ii)underthecircumstancessetforthinSection9.17,(iii)constitutingpropertybeingsoldordisposedofiftheCompanycertifiestotheAdministrativeAgentthatthesaleordispositionismadeincompliancewiththetermsofthisAgreement(andtheAdministrativeAgentmayrelyconclusivelyonanysuchcertificate,withoutfurtherinquiry),(iv)constitutingpropertyleasedtotheCompanyoranySubsidiaryunderaleasewhichhasexpiredorbeenterminatedinatransactionpermittedunderthisAgreement,or(v)asrequiredtoeffectanysaleorotherdispositionofsuchCollateralinconnectionwithanyexerciseofremediesoftheAdministrativeAgentandtheLenderspursuanttoSection7.01(andtheLendersfurtherauthorizetheAdministrativeAgenttoexecuteanddeliveranydocumentsreasonablyrequestedbytheCompanytoevidencesuchterminationorrelease).Anysuchreleaseshallnotinanymannerdischarge,affect,orimpairtheObligationsoranyLiens(otherthanthoseexpresslybeingreleased)upon(orobligationsoftheLoanPartiesinrespectof)allinterestsretainedbytheLoanParties,includingtheproceedsofanysale,allofwhichshallcontinuetoconstitutepartoftheCollateral.Inaddition,eachoftheLenders,onbehalfofitselfandanyofitsAffiliatesthatareSecuredParties,irrevocablyauthorizestheAdministrativeAgent,atitsoptionandinitsdiscretion,(i) tosubordinateanyLienonanyassetsgrantedtoorheldbytheAdministrativeAgentunder any Loan Document to the holder of any Lien on such property that is permitted by Section 6.02(d)or(ii) intheeventthattheCompanyshallhaveadvisedtheAdministrativeAgentthat,notwithstandingtheusebytheCompanyofcommerciallyreasonableeffortstoobtaintheconsentofsuchholder(butwithouttherequirementtopayanysumstoobtainsuchconsent)topermittheAdministrativeAgenttoretainitsliens(onasubordinatedbasisascontemplatedbyclause (i)above),theholderofsuchotherIndebtedness requires, as a condition to the extension of such credit, that the Liens on such assets grantedtoorheldbytheAdministrativeAgentunderanyLoanDocumentbereleased,toreleasetheAdministrative Agent’s Liens on such assets.(e)   If,inconnectionwithanyproposedamendment,waiverorconsentrequiringtheconsentof“eachLender”or“eachLenderdirectlyaffectedthereby,”theconsentoftheRequiredLendersisobtained,buttheconsentofothernecessaryLendersisnotobtained(anysuchLenderwhoseconsentisnecessarybutnotobtainedbeingreferredtohereinasa“Non-Consenting
Lender
 ”),thentheCompanymayelecttoreplaceaNon-ConsentingLenderasaLenderpartytothisAgreement,providedthat, concurrently with such replacement, (i) another bank or other entity which is reasonably satisfactoryto the Company and the Administrative Agent shall agree, as of such date, to purchase for cash the Loansand other Obligations due to the Non-Consenting Lender pursuant to an Assignment and Assumption andtobecomeaLenderforallpurposesunderthisAgreementandtoassumeallobligationsoftheNon-ConsentingLendertobeterminatedasofsuchdateandtocomplywiththerequirementsofclause (b)ofSection 9.04,and(ii) eachBorrowershallpaytosuchNon-ConsentingLenderinsamedayfunds on the day of such replacement (1) the outstanding principal amount of its Loans and participationsinLCDisbursementsandallinterest,feesandotheramountsthenaccruedbutunpaidtosuchNon-ConsentingLenderbysuchBorrowerhereundertoandincludingthedateoftermination,includingwithoutlimitationpaymentsduetosuchNon-ConsentingLenderunderSections 2.15and2.17,and(2) anamount,ifany,equaltothepaymentwhichwouldhavebeenduetosuchLenderonthedayofsuchreplacementunderSection 2.16hadtheLoansofsuchNon-ConsentingLenderbeenprepaidonsuch date rather than sold to the replacement Lender.(f)   Notwithstanding anything to the contrary herein the Administrative Agent may, withtheconsentoftheBorrowersonly,amend,modifyorsupplementthisAgreementoranyoftheotherLoan Documents to cure any ambiguity, omission, mistake, defect or inconsistency.121






	
	SECTION 9.03.   Expenses;
Indemnity;
Damage
Waiver
..(a)TheCompanyshallpay(i)allreasonableout-of-pocketexpensesincurredbytheAdministrativeAgentanditsAffiliates,includingthereasonablefees,chargesanddisbursementsofcounselfortheAdministrativeAgent,inconnectionwiththesyndicationanddistribution(including,withoutlimitation,viatheinternetorthroughaservicesuchasIntralinks)ofthecreditfacilitiesprovidedforherein,thepreparationandadministrationofthisAgreementandtheotherLoanDocumentsoranyamendments,modificationsorwaiversoftheprovisionshereoforthereof(whetherornotthetransactionscontemplatedherebyortherebyshallbeconsummated),(ii)allreasonableout-of-pocketexpensesincurredbytheIssuingBankinconnectionwiththeissuance,amendment,renewalorextensionofanyLetterofCreditoranydemandforpaymentthereunderand(iii)allreasonableout-of-pocketexpensesincurredbytheAdministrativeAgent,theIssuingBankoranyLender,includingthefees,chargesanddisbursementsofanycounselfortheAdministrativeAgent,theIssuingBankoranyLender,inconnectionwiththeenforcementorprotectionofitsrightsinconnectionwiththisAgreement,includingitsrightsunderthisSection,orinconnectionwiththeLoansmadeorLettersofCreditissuedhereunder,includingallsuchout-of-pocketexpensesincurredduringanyworkout,restructuringornegotiationsinrespectofsuchLoansorLettersofCredit.ExceptasexpresslyotherwisesetforthinSection5.06,expensesbeingreimbursedbytheCompanyunderthisSectioninclude,withoutlimitingthegeneralityoftheforegoing,reasonablecostsandexpenses incurred in connection with (x) appraisals and insurance reviews and (y) field examinations andthepreparationofReportsbasedonthefeeschargedbyathirdpartyretainedbytheAdministrativeAgentorthereasonableinternallyallocatedfeesforeachPersonemployedbytheAdministrativeAgentwith respect to each field examination.(b)   To the extent permitted by applicable law (i) the Company and any Loan Party shallnotassert,andtheCompanyandeachLoanPartyherebywaives,anyclaimagainsttheAdministrativeAgent,anyLeadArranger,anyCo-SyndicationAgent,anyCo-DocumentationAgent,anyIssuingBankandanyLender,andanyRelatedPartyofanyoftheforegoingPersons(eachsuchPersonbeingcalleda“Lender-Related
Person
 ”)foranyLiabilitiesarisingfromtheusebyothersofinformationorothermaterials(including,withoutlimitation,anypersonaldata)obtainedthroughtelecommunications,electronicorotherinformationtransmissionsystems(includingtheInternet),excepttotheextentdeterminedbyacourtofcompetentjurisdictionbyafinalandnon-appealablejudgmenttohaveresultedfromthegrossnegligenceorwillfulmisconductofsuchLender-RelatedPersonorfromthematerialbreachinbadfaithbysuchLender-RelatedPersonofitsexpresscontractualobligationsundertheLoanDocuments pursuant to a claim made by the Company, and (ii) no party hereto shall assert, and each suchpartyherebywaives,anyLiabilitiesagainstanyotherpartyhereto,onanytheoryofliability,forspecial,indirect,consequentialorpunitivedamages(asopposedtodirectoractualdamages)arisingoutof,inconnectionwith,orasaresultof,thisAgreement,anyotherLoanDocument,oranyagreementorinstrumentcontemplatedherebyorthereby,theTransactions,anyLoanorLetterofCreditortheuseoftheproceedsthereof;provided
that,nothinginthisSection9.03(b)shallrelievetheCompanyoranyLoanPartyofanyobligationitmayhavetoindemnifyanLender-RelatedPerson,asprovidedinSection9.03(c),againstanyspecial,indirect,consequentialorpunitivedamagesassertedagainstsuchLender-Related Person by a third party.(c)   TheCompanyshallindemnifytheAdministrativeAgent,theIssuingBankandeachLenderandeachRelatedPartyofanyoftheforegoingPersons(eachsuchPersonbeingcalledan“Indemnitee
 ”)against,andholdeachIndemniteeharmlessfrom,anyandallLiabilitiesandrelatedexpenses, including the reasonable and documented out-of-pocket fees, charges and disbursements of anycounselforanyIndemnitee(butlimited,inthecaseoflegalfeesandcharges,toasinglefirmofcounselforallsuchIndemnitees,takenasawholeand,ifrelevant,ofasinglefirmoflocalcounselineachapplicablejurisdiction(whichmayincludeasinglefirmofspecialcounselactinginmultiplejurisdictions)forallsuchIndemnitees,takenasawhole(and,inthecaseofanactualorperceivedconflictofinterest,wheretheIndemniteeaffectedbysuchconflictnotifiestheCompanyoftheexistence122






	
	ofsuchconflictandthereafterretainsitsowncounsel,ofanotherfirmofcounselforsuchaffectedIndemniteeand,ifrelevant,ofasinglefirmoflocalcounselineachappropriatejurisdiction(whichmayincludeasinglefirmofspecialcounselactinginmultiplejurisdictions)forsuchaffectedIndemnitee)),incurredbyorassertedagainstanyIndemniteearisingoutof,inconnectionwith,orasaresultof(i)theexecutionordeliveryofanyLoanDocumentoranyagreementorinstrumentcontemplatedthereby,(ii)theperformancebythepartiesheretooftheirrespectiveobligationsthereunderortheconsummationoftheTransactionsoranyothertransactionscontemplatedhereby,(iii)anyactiontakeninconnectionwiththis Agreement, including, but not limited to, the payment of principal, interest and fees, (iv) any Loan orLetterofCreditortheuseoftheproceedstherefrom(includinganyrefusalbytheIssuingBanktohonorademandforpaymentunderaLetterofCreditifthedocumentspresentedinconnectionwithsuchdemand do not strictly comply with the terms of such Letter of Credit), (v) any actual or alleged presenceorreleaseofHazardousMaterialsonorfromanypropertyownedoroperatedbytheCompanyoranyofitsSubsidiaries,oranyEnvironmentalLiabilityrelatedinanywaytotheCompanyoranyofitsSubsidiaries,or(vi)anyactualorprospectiveProceedingrelatingtoanyoftheforegoing,whetherornotsuchProceedingisbroughtbytheCompanyoranyotherLoanPartyoritsortheirrespectiveequityholders,Affiliates,creditorsoranyotherthirdPersonandwhetherbasedoncontract,tortoranyothertheoryandregardlessofwhetheranyIndemniteeisapartythereto;provided
thatsuchindemnityshallnot,astoanyIndemnitee,beavailabletotheextentthatsuchLiabilitiesorrelatedexpenses(x)aredeterminedbyacourtofcompetentjurisdictionbyfinalandnonappealablejudgmenttohaveresultedfromthegrossnegligenceorwillfulmisconductofsuchIndemniteeoranyofitsRelatedParties,(y)resultfromaclaimbroughtbytheCompanyoranyofitsSubsidiariesagainstsuchIndemniteeformaterial breach of such Indemnitee’s or any of its Related Parties’ obligations under any Loan DocumentiftheCompanyorsuchSubsidiaryhasobtainedafinalandnonappealablejudgmentinitsfavoronsuchclaimasdeterminedbyacourtofcompetentjurisdictionor(z)resultfromanydisputesolelyamongIndemnitees(notarisingasaresultofanyactoromissionbytheCompanyoranyofitsSubsidiariesorAffiliates)otherthanclaimsagainstanyoftheIndemniteesinitscapacityorinfulfillingitsroleasAdministrative Agent, Co-Syndication Agent, Co-Documentation Agent, Lead Arranger, Issuing Bank orSwinglineLenderoranysimilarroleunderorinconnectionwiththisAgreement)
..APersonseekingto
beindemnifiedunderthisSection9.03shallnotifytheCompanyofanyeventrequiringindemnificationwithin30daysfollowingsuchPerson’sreceiptofnoticeofcommencementofanyactionorproceeding,orsuchPerson’sobtainingknowledgeoftheoccurrenceofanyotherevent,givingrisetoaclaimforindemnificationhereunder,andfurthermoresuchPersonagreestonotifytheCompanyfromtimetotimeofthestatusofanysuchactionorproceeding;provided
,thatthefailuretosonotifytheCompanyshallnotaffecttheCompany’sdutyorobligationsunderthisSection9.03.ThisSection9.03(b)shallnotapplywithrespecttoTaxesotherthananyTaxesthatrepresentlosses,claimsordamagesarisingfromany non-Tax claim.(d)   TotheextentthattheCompanyfailstopayanyamountrequiredtobepaidbyittotheAdministrativeAgent,theIssuingBankortheSwinglineLenderunderparagraph(a)or(b)ofthisSection,eachLenderseverallyagreestopaytotheAdministrativeAgent,andeachRevolvingLenderseverallyagreestopaytotheIssuingBankortheSwinglineLender,asthecasemaybe,suchLender’sApplicablePercentage(determinedasofthetimethattheapplicableunreimbursedexpenseorindemnitypaymentissought)ofsuchunpaidamount(itbeingunderstoodthattheCompany’sfailuretopayanysuchamountshallnotrelievetheCompanyofanydefaultinthepaymentthereof);provided
thattheunreimbursedexpenseorindemnifiedloss,claim,damage,liabilityorrelatedexpense,asthecasemaybe,wasincurredbyorassertedagainsttheAdministrativeAgent,theIssuingBankortheSwinglineLender in its capacity as such.(e)   AllamountsdueunderthisSectionshallbepayablenotlaterthanfifteen(15)daysafter written demand therefor.123






	
	SECTION 9.04.   Successors
and
Assigns
..(a)TheprovisionsofthisAgreementshallbebindinguponandinuretothebenefitofthepartiesheretoandtheirrespectivesuccessorsandassignspermitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that(i)noBorrowermayassignorotherwisetransferanyofitsrightsorobligationshereunderwithoutthepriorwrittenconsentofeachLender(andanyattemptedassignmentortransferbyanyBorrowerwithoutsuchconsentshallbenullandvoid)and(ii)noLendermayassignorotherwisetransferitsrightsorobligationshereunderexceptinaccordancewiththisSection.NothinginthisAgreement,expressedorimplied,shallbeconstruedtoconferuponanyPerson(otherthanthepartieshereto,theirrespectivesuccessorsandassignspermittedhereby(includinganyAffiliateoftheIssuingBankthatissuesanyLetterofCredit),Participants(totheextentprovidedinparagraph(c)ofthisSection)and,totheextentexpressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Bankand the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.(b)   (i)Subjecttotheconditionssetforthinparagraph(b)(ii)below,anyLendermayassigntooneormorePersons(otherthananIneligibleInstitution)alloraportionofitsrightsandobligationsunderthisAgreement(includingalloraportionofitsCommitmentandtheLoansatthetimeowingtoit)withthepriorwrittenconsent(suchconsentnottobeunreasonablywithheld,conditionedordelayed) of:(A) the Company (provided
that the Company shall be deemed to have consentedtoanysuchassignmentunlessitshallobjecttheretobywrittennoticetotheAdministrativeAgentwithinten(10)BusinessDaysafterhavingreceivednoticethereof);provided
,further
,thatnoconsentoftheCompanyshallberequiredforanassignmenttoaLender,anAffiliateofaLender,anApprovedFundor,ifanEventofDefault has occurred and is continuing, any other assignee;(B)theAdministrativeAgent;provided
thatnoconsentoftheAdministrativeAgentshallberequiredforanassignmentofalloranyportionofaDelayedDrawTermLoan to a Lender, an Affiliate of a Lender or an Approved Fund;(C)theIssuingBank;provided
thatnoconsentoftheIssuingBankshallberequired for an assignment of all or any portion of a Delayed Draw Term Loan; and(D)theSwinglineLender;provided
thatnoconsentoftheSwinglineLendershall be required for an assignment of all or any portion of a Delayed Draw Term Loan.(ii) Assignments shall be subject to the following additional conditions:(A) except in the case of an assignment to a Lender or an Affiliate of a Lender oranApprovedFundoranassignmentoftheentireremainingamountoftheassigningLender’sCommitmentorLoansofanyClass,theamountoftheCommitmentorLoansoftheassigningLendersubjecttoeachsuchassignment(determinedasofthedatetheAssignmentandAssumptionwithrespecttosuchassignmentisdeliveredtotheAdministrativeAgent)shallnotbelessthan$5,000,000(inthecaseofRevolvingCommitments and Revolving Loans) or $1,000,000 (in the case of a Delayed Draw TermLoanorDelayedDrawTermLoanCommitment)unlesseachoftheCompanyandtheAdministrativeAgentotherwiseconsent,provided
thatnosuchconsentoftheCompanyshall be required if an Event of Default has occurred and is continuing;(B)eachpartialassignmentshallbemadeasanassignmentofaproportionatepartofalltheassigningLender’srightsandobligationsunderthisAgreement,provided124






	
	thatthisclauseshallnotbeconstruedtoprohibittheassignmentofaproportionatepartofalltheassigningLender’srightsandobligationsinrespectofoneClassofCommitments or Loans;(C) the parties to each assignment shall execute and deliver to the AdministrativeAgent(x)anAssignmentandAssumptionor(y)totheextentapplicable,anagreementincorporatinganAssignmentandAssumptionbyreferencepursuanttoanApprovedElectronicPlatformastowhichtheAdministrativeAgentandthepartiestotheAssignmentandAssumptionareparticipants,togetherwithaprocessingandrecordationfeeof$3,500,suchfeetobepaidbyeithertheassigningLenderortheassigneeLenderor shared between such Lenders; and(D)theassignee,ifitshallnotbeaLender,shalldelivertotheAdministrativeAgentanAdministrativeQuestionnaireinwhichtheassigneedesignatesoneormorecreditcontactstowhomallsyndicate-levelinformation(whichmaycontainmaterialnon-publicinformationabouttheCompanyanditsAffiliatesandtheirRelatedPartiesortheir respective securities) will be made available and who may receive such informationinaccordancewiththeassignee’scomplianceproceduresandapplicablelaws,includingFederal and state securities laws.ForthepurposesofthisSection9.04(b),theterms“ApprovedFund”and“IneligibleInstitution” have the following meanings:“Approved
Fund
 ”meansanyPerson(otherthananaturalperson)thatisengagedinmaking,purchasing,holdingorinvestinginbankloansandsimilarextensionsofcreditintheordinarycourse of its business and 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.“Ineligible
Institution
 ”means(a)anaturalperson,(b)aDefaultingLenderoritsLenderParent,(c)theCompany,anyofitsSubsidiariesoranyofitsAffiliates,or(d)acompany,investmentvehicleortrustfor,orownedandoperatedfortheprimarybenefitof,anaturalpersonorrelative(s)thereof.(iii)Subjecttoacceptanceandrecordingthereofpursuanttoparagraph(b)(iv)ofthisSection,fromandaftertheeffectivedatespecifiedineachAssignmentandAssumptiontheassigneethereundershallbeapartyheretoand,totheextentoftheinterestassignedbysuchAssignmentandAssumption,havetherightsandobligationsofaLenderunderthisAgreement,andtheassigningLenderthereundershall,totheextentoftheinterestassignedbysuchAssignmentandAssumption,bereleasedfromitsobligationsunderthisAgreement(and,inthecaseofanAssignmentandAssumptioncoveringall of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be apartyheretobutshallcontinuetobeentitledtothebenefitsofSections2.15,2.16,2.17and9.03).AnyassignmentortransferbyaLenderofrightsorobligationsunderthisAgreementthatdoesnotcomplywiththisSection9.04shallbetreatedforpurposesofthisAgreementasasalebysuchLenderofaparticipation in such rights and obligations in accordance with paragraph (c) of this Section.(iv)TheAdministrativeAgent,actingforthispurposeasanon-fiduciaryagentofeachBorrower,shallmaintainatoneofitsofficesacopyofeachAssignmentandAssumptiondeliveredtoitand a register for the recordation of the names and addresses of the Lenders, and the Commitment of, andprincipalamount(andstatedinterest)oftheLoansandLCDisbursementsowingto,eachLenderpursuanttothetermshereoffromtimetotime(the“Register
 ”).TheentriesintheRegistershallbeconclusiveabsentmanifesterror,andtheBorrowers,theAdministrativeAgent,theIssuingBankandthe125






	
	LendersshalltreateachPersonwhosenameisrecordedintheRegisterpursuanttothetermshereofasaLenderhereunderforallpurposesofthisAgreement,notwithstandingnoticetothecontrary.TheRegistershallbeavailableforinspectionbytheCompany,theIssuingBankandanyLender,atanyreasonable time and from time to time upon reasonable prior notice.(v)Uponitsreceiptof(x)adulycompletedAssignmentandAssumptionexecutedbyanassigningLenderandanassigneeor(y)totheextentapplicable,anagreementincorporatinganAssignmentandAssumptionbyreferencepursuanttoanApprovedElectronicPlatformastowhichtheAdministrativeAgentandthepartiestotheAssignmentandAssumptionareparticipants,theassignee’scompletedAdministrativeQuestionnaire(unlesstheassigneeshallalreadybeaLenderhereunder),theprocessingandrecordationfeereferredtoinparagraph(b)ofthisSectionandanywrittenconsenttosuchassignmentrequiredbyparagraph(b)ofthisSection,theAdministrativeAgentshallacceptsuchAssignmentandAssumptionandrecordtheinformationcontainedthereinintheRegister;provided
thatifeithertheassigningLenderortheassigneeshallhavefailedtomakeanypaymentrequiredtobemadebyitpursuanttoSection2.05(c),2.06(d)or(e),2.07(b),2.18(e)or9.03(c),theAdministrativeAgentshall have no obligation to accept such Assignment and Assumption and record the information therein inthe Register unless and until such payment shall have been made in full, together with all accrued interestthereon.NoassignmentshallbeeffectiveforpurposesofthisAgreementunlessithasbeenrecordedinthe Register as provided in this paragraph.(c)   AnyLendermay,withouttheconsentoftheCompany,theAdministrativeAgent,theIssuingBankortheSwinglineLender,sellparticipationstooneormorebanksorotherentities(a“Participant
 ”),otherthananIneligibleInstitution,inalloraportionofsuchLender’srightsandobligationsunderthisAgreement(includingalloraportionofitsCommitmentandtheLoansowingtoit);providedthat(A)suchLender’sobligationsunderthisAgreementshallremainunchanged,(B)suchLendershallremainsolelyresponsibletotheotherpartiesheretofortheperformanceofsuchobligationsand(C)theBorrowers,theAdministrativeAgent,theIssuingBankandtheotherLendersshallcontinuetodealsolelyanddirectlywithsuchLenderinconnectionwithsuchLender’srightsandobligationsunderthisAgreement.AnyagreementorinstrumentpursuanttowhichaLendersellssuchaparticipationshallprovidethatsuchLendershallretainthesolerighttoenforcethisAgreementandtoapproveanyamendment,modificationorwaiverofanyprovisionofthisAgreement;provided
thatsuchagreementorinstrumentmayprovidethatsuchLenderwillnot,withouttheconsentoftheParticipant,agreetoanyamendment,modificationorwaiverdescribedinthefirstprovisotoSection9.02(b)thataffectssuchParticipant.EachBorroweragreesthateachParticipantshallbeentitledtothebenefitsofSections2.15,2.16and2.17(subjecttotherequirementsandlimitationstherein,includingtherequirementsunderSection2.17(f)(itbeingunderstoodthatthedocumentationrequiredunderSection2.17(f)shallbedeliveredtotheparticipatingLender))tothesameextentasifitwereaLenderandhadacquireditsinterestbyassignmentpursuanttoparagraph(b)ofthisSection;provided
thatsuchParticipant(A)agreestobesubjecttotheprovisionsofSections2.18and2.19asifitwereanassigneeunderparagraph(b)ofthisSection;and(B)shallnotbeentitledtoreceiveanygreaterproratapaymentunderSections2.15or2.17,withrespecttoanyparticipation,thanitsparticipatingLenderwouldhavebeenentitledtoreceive,excepttotheextentsuchentitlementtoreceiveagreaterpaymentresultsfromaChangeinLawthatoccursaftertheParticipantacquiredtheapplicableparticipation.Totheextentpermitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were aLender,providedsuchParticipantagreestobesubjecttoSection2.18(d)asthoughitwereaLender.Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of eachBorrower,maintainaregisteronwhichitentersthenameandaddressofeachParticipantandtheprincipalamounts(andstatedinterest)ofeachParticipant’sinterestintheLoansorotherobligationsundertheLoanDocuments(the“Participant
Register
 ”);provided
thatnoLendershallhaveanyobligationtodisclosealloranyportionoftheParticipantRegister(includingtheidentityofanyParticipantoranyinformationrelatingtoaParticipant’sinterestinanyCommitments,Loans,Lettersof126






	
	CreditoritsotherobligationsunderanyLoanDocument)toanyPersonexcepttotheextentthatsuchdisclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is inregisteredformunderSection5f.103-1(c)oftheUnitedStatesTreasuryRegulations.TheentriesintheParticipantRegistershallbeconclusiveabsentmanifesterror,andsuchLendershalltreateachPersonwhosenameisrecordedintheParticipantRegisterastheownerofsuchparticipationforallpurposesofthisAgreementnotwithstandinganynoticetothecontrary.Fortheavoidanceofdoubt,theAdministrativeAgent(initscapacityasAdministrativeAgent)shallhavenoresponsibilityformaintaining a Participant Register.(d)   Any Lender may at any time pledge or assign a security interest in all or any portionofitsrightsunderthisAgreementtosecureobligationsofsuchLender,includingwithoutlimitationanypledgeorassignmenttosecureobligationstoaFederalReserveBank,andthisSectionshallnotapplytoanysuchpledgeorassignmentofasecurityinterest;providedthatnosuchpledgeorassignmentofasecurityinterestshallreleaseaLenderfromanyofitsobligationshereunderorsubstituteanysuchpledgee or assignee for such Lender as a party hereto.SECTION 9.05.   Survival
..Allcovenants,agreements,representationsandwarrantiesmadebytheLoanPartiesintheLoanDocumentsandinthecertificatesorotherinstrumentsdeliveredinconnectionwithorpursuanttothisAgreementoranyotherLoanDocumentshallbeconsideredtohavebeenrelieduponbytheotherpartiesheretoandshallsurvivetheexecutionanddeliveryoftheLoanDocumentsandthemakingofanyLoansandissuanceofanyLettersofCredit,regardlessofanyinvestigationmadebyanysuchotherpartyoronitsbehalfandnotwithstandingthattheAdministrativeAgent,theIssuingBankoranyLendermayhavehadnoticeorknowledgeofanyDefaultorincorrectrepresentationorwarrantyatthetimeanycreditisextendedhereunder,andshallcontinueinfullforceandeffectaslongastheprincipaloforanyaccruedinterestonanyLoanoranyfeeoranyotheramountpayableunderthisAgreementoranyotherLoanDocumentisoutstandingandunpaidoranyLetterofCreditisoutstandingandsolongastheCommitmentshavenotexpiredorterminated.TheprovisionsofSections2.15,2.16,2.17and9.03andArticleVIIIshallsurviveandremaininfullforceandeffectregardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, theexpirationorterminationoftheLettersofCreditandtheCommitmentsortheterminationofthisAgreement or any other Loan Document or any provision hereof or thereof.SECTION 9.06.   Counterparts;
Integration;
Effectiveness;
Electronic
Execution
..(a)ThisAgreementmaybeexecutedincounterparts(andbydifferentpartiesheretoondifferentcounterparts),eachofwhichshallconstituteanoriginal,butallofwhichwhentakentogethershallconstituteasinglecontract.ThisAgreement,theotherLoanDocumentsandanyseparateletteragreementswithrespectto(i)feespayabletotheAdministrativeAgentand(ii)increasesorreductionsoftheIssuingBankSublimitoftheIssuingBankconstitutetheentirecontractamongthepartiesrelatingtothesubjectmatterhereofand supersede any and all previous agreements and understandings, oral or written, relating to the subjectmatterhereof.ExceptasprovidedinSection4.01,thisAgreementshallbecomeeffectivewhenitshallhavebeenexecutedbytheAdministrativeAgentandwhentheAdministrativeAgentshallhavereceivedcounterpartshereofwhich,whentakentogether,bearthesignaturesofeachoftheotherpartieshereto,andthereaftershallbebindinguponandinuretothebenefitofthepartiesheretoandtheirrespectivesuccessors and assigns.(b)   Deliveryofanexecutedcounterpartofasignaturepageof(x)thisAgreement,(y)anyotherLoanDocumentand/or(z)anydocument,amendment,approval,consent,information,notice(including, for the avoidance of doubt, any notice delivered pursuant to Section 9.01), certificate, request,statement,disclosureorauthorizationrelatedtothisAgreement,anyotherLoanDocumentand/orthetransactionscontemplatedherebyand/orthereby(eachan“AncillaryDocument”)thatisanElectronicSignaturetransmittedbytelecopy,emailedpdf.oranyotherelectronicmeansthatreproducesanimage127






	
	ofanactualexecutedsignaturepageshallbeeffectiveasdeliveryofamanuallyexecutedcounterpartofthisAgreement,suchotherLoanDocumentorsuchAncillaryDocument,asapplicable.Thewords“execution,”“signed,”“signature,”“delivery,”andwordsoflikeimportinorrelatingtothisAgreement,anyotherLoanDocumentand/oranyAncillaryDocumentshallbedeemedtoincludeElectronicSignatures,deliveriesorthekeepingofrecordsinanyelectronicform(includingdeliveriesbytelecopy,emailedpdf.oranyotherelectronicmeansthatreproducesanimageofanactualexecutedsignaturepage),eachofwhichshallbeofthesamelegaleffect,validityorenforceabilityasamanuallyexecutedsignature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be;providedthatnothinghereinshallrequiretheAdministrativeAgenttoacceptElectronicSignaturesinany form or format without its prior written consent and pursuant to procedures approved by it; provided,further,withoutlimitingtheforegoing,(i)totheextenttheAdministrativeAgenthasagreedtoacceptanyElectronicSignature,theAdministrativeAgentandeachoftheLendersshallbeentitledtorelyonsuchElectronicSignaturepurportedlygivenbyoronbehalfoftheCompanyoranyotherLoanPartywithoutfurtherverificationthereofandwithoutanyobligationtoreviewtheappearanceorformofanysuchElectronicsignatureand(ii)upontherequestoftheAdministrativeAgentoranyLender,anyElectronicSignatureshallbepromptlyfollowedbyamanuallyexecutedcounterpart.Withoutlimitingthe generality of the foregoing, the Company and each Loan Party hereby (i) agrees that, for all purposes,includingwithoutlimitation,inconnectionwithanyworkout,restructuring,enforcementofremedies,bankruptcyproceedingsorlitigationamongtheAdministrativeAgent,theLenders,theCompanyandtheLoanParties,ElectronicSignaturestransmittedbytelecopy,emailedpdf.oranyotherelectronicmeansthatreproducesanimageofanactualexecutedsignaturepageand/oranyelectronicimagesofthisAgreement,anyotherLoanDocumentand/oranyAncillaryDocumentshallhavethesamelegaleffect,validityandenforceabilityasanypaperoriginal,(ii)theAdministrativeAgentandeachoftheLendersmay,atitsoption,createoneormorecopiesofthisAgreement,anyotherLoanDocumentand/oranyAncillaryDocumentintheformofanimagedelectronicrecordinanyformat,whichshallbedeemedcreatedintheordinarycourseofsuchPerson’sbusiness,anddestroytheoriginalpaperdocument(andallsuchelectronicrecordsshallbeconsideredanoriginalforallpurposesandshallhavethesamelegaleffect,validityandenforceabilityasapaperrecord),(iii)waivesanyargument,defenseorrighttocontestthelegaleffect,validityorenforceabilityofthisAgreement,anyotherLoanDocumentand/oranyAncillaryDocumentbasedsolelyonthelackofpaperoriginalcopiesofthisAgreement,suchotherLoanDocumentand/orsuchAncillaryDocument,respectively,includingwithrespecttoanysignaturepagestheretoand(iv)waivesanyclaimagainstanyLender-RelatedPersonforanyLiabilitiesarisingsolelyfromtheAdministrativeAgent’sand/oranyLender’srelianceonoruseofElectronicSignaturesand/ortransmissionsbytelecopy,emailedpdf.oranyotherelectronicmeansthatreproducesanimageofanactualexecutedsignaturepage,includinganyLiabilitiesarisingasaresultofthefailureoftheCompany and/or any Loan Party to use any available security measures in connection with the execution,delivery or transmission of any Electronic Signature.SECTION 9.07.   Severability
..AnyprovisionofanyLoanDocumentheldtobeinvalid,illegalorunenforceableinanyjurisdictionshall,astosuchjurisdiction,beineffectivetotheextentofsuchinvalidity,illegalityorunenforceabilitywithoutaffectingthevalidity,legalityandenforceabilityoftheremainingprovisionsthereof;andtheinvalidityofaparticularprovisioninaparticularjurisdictionshallnot invalidate such provision in any other jurisdiction.SECTION 9.08.   Right
of
Setoff
..IfanEventofDefaultshallhaveoccurredandbecontinuing,eachLender,eachIssuingBank,andeachoftheirrespectiveAffiliatesisherebyauthorizedatanytimeandfromtimetotime,tothefullestextentpermittedbylaw,tosetoffandapplyanyandalldeposits(generalorspecial,timeordemand,provisionalorfinalandinwhatevercurrencydenominated)atanytimeheld,andotherobligationsatanytimeowing,bysuchLender,suchIssuingBankoranysuchAffiliate,toorforthecreditortheaccountofanyBorroweroranySubsidiaryGuarantoragainstanyandalloftheSecuredObligationsnoworhereafterexistingunderthisAgreementoranyotherLoan128






	
	DocumenttosuchLenderorsuchIssuingBankortheirrespectiveAffiliates,irrespectiveofwhetherornotsuchLender,IssuingBankorAffiliateshallhavemadeanydemandunderthisAgreementoranyotherLoanDocumentandalthoughsuchobligationsmaybecontingentorunmaturedorareowedtoabranchofficeorAffiliateofsuchLenderorsuchIssuingBankdifferentfromthebranchofficeorAffiliateholdingsuchdepositorobligatedonsuchindebtedness;provided
thatintheeventthatanyDefaultingLendershallexerciseanysuchrightofsetoff,(x) allamountssosetoffshallbepaidoverimmediatelytotheAdministrativeAgentforfurtherapplicationinaccordancewiththeprovisionsofSection 2.24and,pendingsuchpayment,shallbesegregatedbysuchDefaultingLenderfromitsotherfundsanddeemedheldintrustforthebenefitoftheAdministrativeAgent,theIssuingBanks,andtheLenders,and(y) theDefaultingLendershallprovidepromptlytotheAdministrativeAgentastatementdescribinginreasonabledetailtheObligationsowingtosuchDefaultingLenderastowhichitexercisedsuchrightofsetoff.TherightsofeachLender,eachIssuingBankandtheirrespectiveAffiliatesunderthisSectionareinadditiontootherrightsandremedies(includingotherrightsofsetoff)thatsuchLender,suchIssuingBankortheirrespectiveAffiliatesmayhave.EachLenderandIssuingBankagreestonotifytheCompanyandtheAdministrativeAgentpromptlyafteranysuchsetoffandapplication;provided
that the failure to give such notice shall not affect the validity of such setoff and application.SECTION 9.09.   Governing Law; Jurisdiction; Consent to Service of Process
..(a)   ThisAgreementshallbeconstruedinaccordancewithandgovernedbythelawofthe State of New York.(b)   EachBorrowerherebyirrevocablyandunconditionallysubmits,foritselfanditsproperty,totheexclusivejurisdictionoftheSupremeCourtoftheStateofNewYorksittinginNewYorkCounty,BoroughofManhattan,andoftheUnitedStatesDistrictCourtfortheSouthernDistrictofNew York sitting in the Borough of Manhattan, and any appellate court from any thereof, in any action orproceedingarisingoutoforrelatingtoanyLoanDocument,orforrecognitionorenforcementofanyjudgment,andeachofthepartiesheretoherebyirrevocablyandunconditionallyagreesthatallclaimsinrespectofanysuchactionorproceedingmaybeheardanddeterminedinsuchNewYorkStateor,totheextentpermittedbylaw,insuchFederalcourt.Eachofthepartiesheretoagreesthatafinaljudgmentinanysuchactionorproceedingshallbeconclusiveandmaybeenforcedinotherjurisdictionsbysuitonthejudgmentorinanyothermannerprovidedbylaw.NothinginthisAgreementoranyotherLoanDocumentshallaffectanyrightthattheAdministrativeAgent,theIssuingBankoranyLendermayotherwisehavetobringanyactionorproceedingrelatingtothisAgreementoranyotherLoanDocumentagainst any Loan Party or its properties in the courts of any jurisdiction.(c)   EachBorrowerherebyirrevocablyandunconditionallywaives,tothefullestextentitmaylegallyandeffectivelydoso,anyobjectionwhichitmaynoworhereafterhavetothelayingofvenueofanysuit,actionorproceedingarisingoutoforrelatingtothisAgreementoranyotherLoanDocumentinanycourtreferredtoinparagraph(b)ofthisSection.Eachofthepartiesheretoherebyirrevocablywaives,tothefullestextentpermittedbylaw,thedefenseofaninconvenientforumtothemaintenance of such action or proceeding in any such court.(d)   EachpartytothisAgreementirrevocablyconsentstoserviceofprocessinthemannerprovidedfornoticesinSection9.01.EachForeignSubsidiaryBorrowerirrevocablydesignatesandappointstheCompany,asitsauthorizedagent,toacceptandacknowledgeonitsbehalf,serviceofanyandallprocesswhichmaybeservedinanysuit,actionorproceedingofthenaturereferredtoinSection9.09(b)inanyfederalorNewYorkStatecourtsittinginNewYorkCity.TheCompanyherebyrepresents,warrantsandconfirmsthattheCompanyhasagreedtoacceptsuchappointment(andanysimilarappointmentbyaSubsidiaryGuarantorwhichisaForeignSubsidiary).Saiddesignationand129






	
	appointmentshallbeirrevocablebyeachsuchForeignSubsidiaryBorroweruntilallLoans,allreimbursementobligations,interestthereonandallotheramountspayablebysuchForeignSubsidiaryBorrowerhereunderandundertheotherLoanDocumentsshallhavebeenpaidinfullinaccordancewiththeprovisionshereofandthereofandsuchForeignSubsidiaryBorrowershallhavebeenterminatedasaBorrowerhereunderpursuanttoSection2.23.EachForeignSubsidiaryBorrowerherebyconsentstoprocessbeingservedinanysuit,actionorproceedingofthenaturereferredtoinSection9.09(b)inanyfederalorNewYorkStatecourtsittinginNewYorkCitybyserviceofprocessupontheCompanyasprovidedinthisSection9.09(d);provided
that,totheextentlawfulandpossible,noticeofsaidserviceuponsuchagentshallbemailedbyregisteredorcertifiedairmail,postageprepaid,returnreceiptrequested,totheCompanyand(ifapplicableto)suchForeignSubsidiaryBorroweratitsaddresssetforthintheBorrowingSubsidiaryAgreementtowhichitisapartyortoanyotheraddressofwhichsuchForeignSubsidiaryBorrowershallhavegivenwrittennoticetotheAdministrativeAgent(withacopythereoftotheCompany).EachForeignSubsidiaryBorrowerirrevocablywaives,tothefullestextentpermittedbylaw,allclaimoferrorbyreasonofanysuchserviceinsuchmannerandagreesthatsuchserviceshallbedeemedineveryrespecteffectiveserviceofprocessuponsuchForeignSubsidiaryBorrowerinanysuchsuit,actionorproceedingandshall,tothefullestextentpermittedbylaw,betakenandheldtobevalidandpersonalserviceuponandpersonaldeliverytosuchForeignSubsidiaryBorrower.TotheextentanyForeignSubsidiaryBorrowerhasorhereaftermayacquireanyimmunityfrom jurisdiction of any court or from any legal process (whether from service or notice, attachment priortojudgment,attachmentinaidofexecutionofajudgment,executionorotherwise),eachForeignSubsidiaryBorrowerherebyirrevocablywaivessuchimmunityinrespectofitsobligationsundertheLoanDocuments.NothinginthisAgreementoranyotherLoanDocumentwillaffecttherightofanyparty to this Agreement to serve process in any other manner permitted by law.SECTION 9.10.   WAIVER
OF
JURY
TRIAL
..EACHPARTYHERETOHEREBYWAIVES,TOTHEFULLESTEXTENTPERMITTEDBYAPPLICABLELAW,ANYRIGHTITMAYHAVETOATRIALBYJURYINANYLEGALPROCEEDINGDIRECTLYORINDIRECTLYARISINGOUTOFORRELATINGTOTHISAGREEMENT,ANYOTHERLOANDOCUMENTORTHETRANSACTIONSCONTEMPLATEDHEREBYORTHEREBY(WHETHERBASEDONCONTRACT,TORTORANYOTHERTHEORY).EACHPARTYHERETO(A)CERTIFIESTHATNOREPRESENTATIVE,AGENTORATTORNEYOFANYOTHERPARTYHASREPRESENTED,EXPRESSLYOROTHERWISE,THATSUCHOTHERPARTYWOULDNOT,INTHEEVENTOFLITIGATION,SEEKTOENFORCETHEFOREGOINGWAIVERAND(B)ACKNOWLEDGESTHATITANDTHEOTHERPARTIESHERETOHAVEBEENINDUCEDTOENTERINTOTHISAGREEMENTBY,AMONGOTHERTHINGS,THEMUTUALWAIVERSANDCERTIFICATIONSIN THIS SECTION.SECTION 9.11.   Headings
..ArticleandSectionheadingsandtheTableofContentsusedhereinare for convenience of reference only, are not part of this Agreement and shall not affect the constructionof, or be taken into consideration in interpreting, this Agreement.SECTION 9.12.   Confidentiality
..EachoftheAdministrativeAgent,theIssuingBankandtheLendersagreestomaintaintheconfidentialityoftheInformation(asdefinedbelow),exceptthatInformationmaybedisclosed(a) toitsanditsAffiliates’directors,officers,employeesandagents,includingaccountants,legalcounselandotheradvisors(itbeingunderstoodthatthePersonstowhomsuchdisclosureismadewillbeinformedoftheconfidentialnatureofsuchInformationandinstructedtokeepsuchInformationconfidential),(b) totheextentrequestedbyanyGovernmentalAuthority(includinganyself-regulatoryauthority,suchastheNationalAssociationofInsuranceCommissioners),(c) totheextentrequiredbyapplicablelawsorregulationsorbyanysubpoenaorsimilarlegalprocess,(d) toanyotherpartytothisAgreement,(e) inconnectionwiththeexerciseofanyremediesunderthisAgreementoranyotherLoanDocumentoranysuit,actionorproceedingrelatingtothisAgreementor130






	
	anyotherLoanDocumentortheenforcementofrightshereunderorthereunder,(f) subjecttoanagreementcontainingprovisionssubstantiallythesameasthoseofthisSection,to(1) anyassigneeoforParticipantin,oranyprospectiveassigneeoforParticipantin,anyofitsrightsorobligationsunderthisAgreementor(2) anyactualorprospectivecounterparty(oritsadvisors)toanyswaporderivativetransactionrelatingtoanyBorroweranditsobligations,(g) onaconfidentialbasisto(1)anyratingagencyinconnectionwithratingtheCompanyoritsSubsidiariesorthecreditfacilitiesprovidedforhereinor(2)theCUSIPServiceBureauoranysimilaragencyinconnectionwiththeissuanceandmonitoringofCUSIPnumberswithrespecttothecreditfacilitiesprovidedforherein,(h)withtheconsent of the Company or (i) to the extent such Information (1) becomes publicly available other than asaresultofabreachofthisSectionor(2) becomesavailabletotheAdministrativeAgent,theIssuingBankoranyLenderonanonconfidentialbasisfromasourceotherthantheCompanyoranyofitsSubsidiaries.ForthepurposesofthisSection,“Information
 ”meansallinformationreceivedfromtheCompanyrelatingtotheCompanyoritsbusiness,otherthananysuchinformationthatisavailabletotheAdministrativeAgent,theIssuingBankoranyLenderonanonconfidentialbasispriortodisclosurebytheCompanyandotherthaninformationpertainingtothisAgreementroutinelyprovidedbyarrangerstodataserviceproviders,includingleaguetableproviders,thatservethelendingindustryunlesstheCompanyhas,inawritingtotheAdministrativeAgent,revokeddisclosuretoanysuchdataserviceprovidersorleaguetableprovidersastofurtherfuturedisclosures;provided
that,inthecaseofinformation received from the Company after the date hereof, such information is clearly identified at thetimeofdeliveryasconfidential.AnyPersonrequiredtomaintaintheconfidentialityofInformationasprovidedinthisSectionshallbeconsideredtohavecompliedwithitsobligationtodosoifsuchPersonhasexercisedthesamedegreeofcaretomaintaintheconfidentialityofsuchInformationassuchPersonwouldaccordtoitsownconfidentialinformation(andinanyeventincomplianceinallmaterialrespectswith applicable law regarding material non-public information).EACHLENDERACKNOWLEDGESTHATINFORMATIONASDEFINEDINTHEIMMEDIATELYPRECEDINGPARAGRAPHFURNISHEDTOITPURSUANTTOTHISAGREEMENTMAYINCLUDEMATERIALNON-PUBLICINFORMATIONCONCERNINGTHECOMPANYANDITSRELATEDPARTIESORTHEIRRESPECTIVESECURITIES,ANDCONFIRMSTHATITHASDEVELOPEDCOMPLIANCEPROCEDURESREGARDINGTHEUSEOFMATERIALNON-PUBLICINFORMATIONANDTHATITWILLHANDLESUCHMATERIALNON-PUBLICINFORMATIONINACCORDANCEWITHTHOSEPROCEDURESANDAPPLICABLELAW,INCLUDINGFEDERALANDSTATESECURITIESLAWS.ALLINFORMATION,INCLUDINGREQUESTSFORWAIVERSANDAMENDMENTS,FURNISHEDBYTHECOMPANYORTHEADMINISTRATIVEAGENTPURSUANTTO,ORINTHECOURSEOFADMINISTERING,THISAGREEMENTWILLBESYNDICATE-LEVELINFORMATION,WHICHMAYCONTAINMATERIALNON-PUBLICINFORMATIONABOUTTHECOMPANY,THEOTHERLOANPARTIESANDTHEIRRELATEDPARTIESORTHEIRRESPECTIVESECURITIES.ACCORDINGLY,EACHLENDERREPRESENTSTOTHECOMPANYANDTHEADMINISTRATIVEAGENTTHATITHASIDENTIFIEDINITSADMINISTRATIVEQUESTIONNAIREACREDITCONTACTWHOMAYRECEIVEINFORMATIONTHATMAYCONTAINMATERIALNON-PUBLICINFORMATIONINACCORDANCEWITHITSCOMPLIANCEPROCEDURESANDAPPLICABLE LAW.SECTION 9.13.   USA
PATRIOT
Act
..EachLenderthatissubjecttotherequirementsofthePatriotActherebynotifieseachLoanPartythatpursuanttotherequirementsofthePatriotAct,itisrequiredtoobtain,verifyandrecordinformationthatidentifiessuchLoanParty,whichinformation131






	
	includesthenameandaddressofsuchLoanPartyandotherinformationthatwillallowsuchLendertoidentify such Loan Party in accordance with the Patriot Act.SECTION 9.14.   Interest Rate Limitation
..  Notwithstanding anything herein to the contrary, if atany time the interest rate applicable to any Loan, together with all fees, charges and other amounts whicharetreatedasinterestonsuchLoanunderapplicablelaw(collectivelythe“Charges
 ”),shallexceedthemaximumlawfulrate(the“Maximum
Rate
 ”)whichmaybecontractedfor,charged,taken,receivedorreservedbytheLenderholdingsuchLoaninaccordancewithapplicablelaw,therateofinterestpayableinrespectofsuchLoanhereunder,togetherwithallChargespayableinrespectthereof,shallbelimitedtotheMaximumRateand,totheextentlawful,theinterestandChargesthatwouldhavebeenpayableinrespectofsuchLoanbutwerenotpayableasaresultoftheoperationofthisSection shallbecumulatedandtheinterestandChargespayabletosuchLenderinrespectofotherLoansorperiodsshallbeincreased(butnotabovetheMaximumRatetherefor)untilsuchcumulatedamount,togetherwithinterest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received bysuch Lender.SECTION 9.15.   No
Advisory
or
Fiduciary
Responsibility
..EachBorroweracknowledgesandagrees,andacknowledgesitsSubsidiaries’understanding,thatnoCreditPartywillhaveanyobligationsexceptthoseobligationsexpresslysetforthhereinandintheotherLoanDocumentsandeachCreditPartyisactingsolelyinthecapacityofanarm’slengthcontractualcounterpartytoeachBorrowerwithrespecttotheLoanDocumentsandthetransactionscontemplatedthereinandnotasafinancialadvisororafiduciaryto,oranagentof,anyBorroweroranyotherperson.EachBorroweragreesthatitwillnotassertanyclaimagainstanyCreditPartybasedonanallegedbreachoffiduciarydutybysuchCreditPartyinconnectionwiththisAgreementandthetransactionscontemplatedhereby.Additionally,eachBorroweracknowledgesandagreesthatnoCreditPartyisadvisingsuchBorrowerastoanylegal,tax,investment,accounting,regulatoryoranyothermattersinanyjurisdiction.EachBorrowershallconsultwithitsownadvisorsconcerningsuchmattersandshallberesponsibleformakingitsownindependentinvestigationandappraisalofthetransactionscontemplatedhereby,andtheCreditPartiesshallhavenoresponsibility or liability to the Borrowers with respect thereto.EachBorrowerfurtheracknowledgesandagrees,andacknowledgesitsSubsidiaries’understanding,thateachCreditPartyisafullservicesecuritiesorbankingfirmengagedinsecuritiestradingandbrokerageactivitiesaswellasprovidinginvestmentbankingandotherfinancialservices.Intheordinarycourseofbusiness,anyCreditPartymayprovideinvestmentbankingandotherfinancialservicesto,and/oracquire,holdorsell,foritsownaccountsandtheaccountsofcustomers,equity,debtandothersecuritiesandfinancialinstruments(includingbankloansandotherobligations)of,theBorrowersandothercompanieswithwhichitmayhavecommercialorotherrelationships.Withrespecttoanysecuritiesand/orfinancialinstrumentssoheldbyanyCreditPartyoranyofitscustomers,allrightsinrespectofsuchsecuritiesandfinancialinstruments,includinganyvotingrights,willbeexercised by the holder of the rights, in its sole discretion.In addition, each Borrower acknowledges and agrees, and acknowledges its Subsidiaries’understanding,thateachCreditPartyanditsaffiliatesmaybeprovidingdebtfinancing,equitycapitalorotherservices(includingfinancialadvisoryservices)toothercompaniesinrespectofwhichtheBorrowers or their Subsidiaries may have conflicting interests regarding the transactions described hereinandotherwise.NoCreditPartywilluseconfidentialinformationobtainedfromanyBorrowerbyvirtueofthetransactionscontemplatedbytheLoanDocumentsoritsotherrelationshipswiththeBorrowersinconnectionwiththeperformancebysuchCreditPartyofservicesforothercompanies,andnoCreditPartywillfurnishanysuchinformationtoothercompanies.EachBorroweralsoacknowledgesthatno132






	
	CreditPartyhasanyobligationtouseinconnectionwiththetransactionscontemplatedbytheLoanDocuments, or to furnish to the Borrowers, confidential information obtained from other companies.SECTION 9.16.   Appointment
for
Perfection
..EachLenderherebyappointseachotherLenderasitsagentforthepurposeofperfectingLiens,forthebenefitoftheAdministrativeAgentandtheSecured Parties, in assets which, in accordance with Article 9 of the UCC or any other applicable law canbeperfectedonlybypossessionorcontrol.ShouldanyLender(otherthantheAdministrativeAgent)obtainpossessionorcontrolofanysuchCollateral,suchLendershallnotifytheAdministrativeAgentthereof, and, promptly upon the Administrative Agent’s request therefore, shall deliver such Collateral totheAdministrativeAgentorotherwisedealwithsuchCollateralinaccordancewiththeAdministrativeAgent’s instructions.SECTION 9.17.   Releases of Subsidiary Guarantors
..(a)   ASubsidiaryGuarantorshallautomaticallybereleasedfromitsobligationsundertheSubsidiaryGuarantyupontheconsummationofanytransactionpermittedbythisAgreementasaresultofwhichsuchSubsidiaryGuarantorceasestobeaSubsidiary;provided
that,ifsorequiredbythisAgreement,theRequiredLendersshallhaveconsentedtosuchtransactionandthetermsofsuchconsentshallnothaveprovidedotherwise. InconnectionwithanyterminationorreleasepursuanttothisParagraph,uponatleastfive(5)BusinessDays’priorwrittenrequestbytheCompanytotheAdministrativeAgent,theAdministrativeAgentshall(andisherebyirrevocablyauthorizedbyeachLenderto)executeanddelivertoanyLoanParty,atsuchLoanParty’sexpense,alldocumentsthatsuchLoanPartyshallreasonablyrequesttoevidencesuchterminationorrelease. AnyexecutionanddeliveryofdocumentspursuanttothisSectionshallbewithoutrecoursetoorwarrantybytheAdministrativeAgent.   Further, the Administrative Agent may (and is hereby irrevocably authorized by each Lender to),upontherequestoftheCompany,releaseanySubsidiaryGuarantor(otherthanaSubsidiaryGuarantorpartytotheLoansDocumentsasoftheRestatementEffectiveDate)fromitsobligationsundertheSubsidiaryGuarantyifsuchSubsidiaryGuarantorisnolongeraMaterialSubsidiaryandtherequirements of the definition of Material Subsidiary are otherwise satisfied.(b)   AtsuchtimeastheprincipalandinterestontheLoans,allLCDisbursements,thefees,expensesandotheramountspayableundertheLoanDocumentsandtheotherObligations(otherthanobligationsunderanySwapAgreementoranyBankingServicesAgreement,andotherObligationsexpresslystatedtosurvivesuchpaymentandtermination)shallhavebeenpaidinfullincash,theCommitmentsshallhavebeenterminatedandnoLettersofCreditshallbeoutstanding,theSubsidiaryGuarantyandallobligations(otherthanthoseexpresslystatedtosurvivesuchtermination)ofeachSubsidiaryGuarantorthereundershallautomaticallyterminate,allwithoutdeliveryofanyinstrumentorperformance of any act by any Person.SECTION 9.18.   Acknowledgment
and
Consent
to
Bail-In
of
Affected
Financial
Institutions
..NotwithstandinganythingtothecontraryinanyLoanDocumentorinanyotheragreement,arrangementorunderstandingamonganysuchparties,eachpartyheretoacknowledgesthatanyliabilityofanyAffectedFinancialInstitutionarisingunderanyLoanDocumentmaybesubjecttotheWrite-DownandConversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledgesand agrees to be bound by:(a)   theapplicationofanyWrite-DownandConversionPowersbytheapplicableResolutionAuthoritytoanysuchliabilitiesarisinghereunderwhichmaybepayabletoitbyanypartyhereto that is an Affected Financial Institution; and133






	
	(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)   aconversionofall,oraportionof,suchliabilityintosharesorotherinstrumentsofownershipinsuchAffectedFinancialInstitution,itsparententity,orabridgeinstitutionthatmaybeissuedtoitorotherwiseconferredonit,andthatsuchsharesorotherinstrumentsofownershipwillbeacceptedbyitinlieuofanyrightswithrespecttoanysuchliabilityunderthis Agreement or any other Loan Document; or(iii)   thevariationofthetermsofsuchliabilityinconnectionwiththeexerciseoftheWrite-Down and Conversion Powers of the applicable Resolution Authority.SECTION 9.19.   Acknowledgment
Regarding
Any
Supported
QFCs
..TotheextentthattheLoanDocumentsprovidesupport,throughaguaranteeorotherwise,forSwapAgreementsoranyotheragreementorinstrumentthatisaQFC(suchsupport“QFCCreditSupport”andeachsuchQFCa“SupportedQFC”),thepartiesacknowledgeandagreeasfollowswithrespecttotheresolutionpoweroftheFederalDepositInsuranceCorporationundertheFederalDepositInsuranceActandTitle IIoftheDodd-FrankWallStreetReformandConsumerProtectionAct(togetherwiththeregulationspromulgatedthereunder,the“U.S.SpecialResolutionRegimes”)inrespectofsuchSupportedQFCandQFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents andanySupportedQFCmayinfactbestatedtobegovernedbythelawsoftheStateofNewYorkand/orofthe United States or any other state of the United States):IntheeventaCoveredEntitythatispartytoaSupportedQFC(each,a“CoveredParty”)becomessubject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC andthebenefitofsuchQFCCreditSupport(andanyinterestandobligationinorundersuchSupportedQFCandsuchQFCCreditSupport,andanyrightsinpropertysecuringsuchSupportedQFCorsuchQFCCreditSupport)fromsuchCoveredPartywillbeeffectivetothesameextentasthetransferwouldbeeffectiveundertheU.S. SpecialResolutionRegimeiftheSupportedQFCandsuchQFCCreditSupport(andanysuchinterest,obligationandrightsinproperty)weregovernedbythelawsoftheUnitedStatesorastateoftheUnitedStates.IntheeventaCoveredPartyoraBHCActAffiliateofaCoveredPartybecomessubjecttoaproceedingunderaU.S. SpecialResolutionRegime,DefaultRightsundertheLoanDocumentsthatmightotherwiseapplytosuchSupportedQFCoranyQFCCreditSupportthatmaybeexercised against such Covered Party are permitted to be exercised to no greater extent than such DefaultRightscouldbeexercisedundertheU.S. SpecialResolutionRegimeiftheSupportedQFCandtheLoanDocumentsweregovernedbythelawsoftheUnitedStatesorastateoftheUnitedStates.Withoutlimitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respecttoaDefaultingLendershallinnoeventaffecttherightsofanyCoveredPartywithrespecttoaSupported QFC or any QFC Credit Support.SECTION 9.20.   Certain ERISA Matters
..  (a)  Each Lender (x)represents and warrants, as of thedatesuchPersonbecameaLenderpartyhereto,to,and(y) covenants,fromthedatesuchPersonbecameaLenderpartyheretotothedatesuchPersonceasesbeingaLenderpartyhereto,forthebenefitof,theAdministrativeAgent,andeachLeadArrangerandtheirrespectiveAffiliates,andnot,fortheavoidanceofdoubt,toorforthebenefitoftheBorrower
Borrower
s
oranyotherLoanParty,thatatleastoneofthe
following is and will be true:(i)suchLenderisnotusing“planassets”(withinthemeaningofthePlanAssetRegulations)of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments,134






	
	(ii)thetransactionexemptionsetforthinoneormorePTEs,suchasPTE84-14(aclassexemptionforcertaintransactionsdeterminedbyindependentqualifiedprofessionalassetmanagers),PTE95-60(aclassexemptionforcertaintransactionsinvolvinginsurancecompanygeneralaccounts),PTE90-1(aclassexemptionforcertaintransactionsinvolvinginsurancecompanypooledseparateaccounts),PTE91-38(aclassexemptionforcertaintransactionsinvolvingbankcollectiveinvestmentfunds)orPTE96-23(aclassexemptionforcertaintransactionsdeterminedbyin-houseassetmanagers),isapplicablewithrespecttosuchLender’sentranceinto,participationin,administrationofandperformance of the Loans, the Letters of Credit, the Commitments and this Agreement,(iii)(A)suchLenderisaninvestmentfundmanagedbya“QualifiedProfessionalAssetManager”(withinthemeaningofPartVIofPTE84-14),(B) suchQualifiedProfessionalAssetManagermadetheinvestmentdecisiononbehalfofsuchLendertoenterinto,participatein,administerandperformtheLoans,theLettersofCredit,theCommitmentsandthisAgreement,(C) theentranceinto,participationin,administrationofandperformanceoftheLoans,theLettersofCredit,theCommitmentsandthisAgreementsatisfiestherequirementsofsub-sections(b) through(g)ofPartIofPTE84-14and(D) tothebestknowledgeofsuchLender,therequirementsofsubsection (a)ofPartIofPTE84-14aresatisfiedwithrespecttosuchLender’sentranceinto,participationin,administrationofandperformanceof the Loans, the Letters of Credit, the Commitments and this Agreement, or(iv)suchotherrepresentation,warrantyandcovenantasmaybeagreedinwritingbetweenthe Administrative Agent, in its sole discretion, and such Lender.(b)   In addition, unless sub-clause(i) in the immediately preceding clause (a) is true withrespecttoaLenderorsuchLenderhasprovidedanotherrepresentation,warrantyandcovenantasprovidedinsub-clause (iv)intheimmediatelyprecedingclause (a),suchLenderfurther(x) representsandwarrants,asofthedatesuchPersonbecameaLenderpartyhereto,to,and(y) covenants,fromthedatesuchPersonbecameaLenderpartyheretotothedatesuchPersonceasesbeingaLenderpartyhereto,forthebenefitof,theAdministrativeAgent,andeachLeadArrangerandtheirrespectiveAffiliates,andnot,fortheavoidanceofdoubt,toorforthebenefitoftheBorrower
Borrower
s
orany
otherLoanParty,thatnoneoftheAdministrativeAgent,oranyLeadArranger,anyCo-SyndicationAgent,anyCo-DocumentationAgentoranyoftheirrespectiveAffiliatesisafiduciarywithrespecttotheCollateralortheassetsofsuchLender(includinginconnectionwiththereservationorexerciseofanyrightsbytheAdministrativeAgentunderthisAgreement,anyLoanDocumentoranydocumentsrelated hereto or thereto).(c)   TheAdministrativeAgent,andeachLeadArranger,Co-SyndicationAgentandCo-Documentation Agent hereby informs the Lenders that each such Person is not undertaking to provideinvestmentadviceortogiveadviceinafiduciarycapacity,inconnectionwiththetransactionscontemplatedhereby,andthatsuchPersonhasafinancialinterestinthetransactionscontemplatedherebyinthatsuchPersonoranAffiliatethereof(i) mayreceiveinterestorotherpaymentswithrespecttotheLoans,theLettersofCredit,theCommitments,thisAgreementandanyotherLoanDocuments(ii) mayrecognizeagainifitextendedtheLoans,theLettersofCreditortheCommitmentsforanamountlessthantheamountbeingpaidforaninterestintheLoans,theLettersofCreditortheCommitmentsbysuchLenderor(iii) mayreceivefeesorotherpaymentsinconnectionwiththetransactionscontemplatedhereby,theLoanDocumentsorotherwise,includingstructuringfees,commitmentfees,arrangementfees,facilityfees,upfrontfees,underwritingfees,tickingfees,agencyfees,administrativeagentorcollateralagentfees,utilizationfees,minimumusagefees,letterofcreditfees,frontingfees,deal-awayoralternatetransactionfees,amendmentfees,processingfees,termoutpremiums,banker’sacceptancefees,breakageorotherearlyterminationfeesorfeessimilartotheforegoing.135






	
	ARTICLE XCross-Guarantee
Inordertoinduce(x)theLenderstoextendcredittotheotherBorrowershereunderand(y)theLendersandtheirAffiliatestoenterintoSwapAgreementswiththeCompanyoranySubsidiary,butsubjecttothelastsentenceofthisArticleX,eachBorrowerherebyirrevocablyandunconditionallyguarantees,asaprimaryobligorandnotmerelyasasurety,totheAdministrativeAgent,forthebenefitoftheSecuredParties,thepaymentwhenandasdueoftheSecuredObligationsofsuchotherBorrowersandtheSpecifiedAncillaryObligationsofsuchotherBorrowersandtheSubsidiaries(collectively,the“Guaranteed
Obligations
 ”);provided,however,thatGuaranteedObligationsconsistingofobligationsofanyLoanPartyarisingunderanySwapAgreementshallexcludeallExcludedSwapObligations.EachBorrowerfurtheragreesthatthedueandpunctualpaymentofsuchGuaranteedObligationsmaybeextendedorrenewed,inwholeorinpart,withoutnoticetoorfurtherassentfromit,andthatitwillremainbounduponitsguaranteehereundernotwithstandinganysuchextensionorrenewalofanysuchGuaranteedObligation.TheCompanyherebyirrevocablyandunconditionallyagreesthatifanyobligationguaranteedbyitisorbecomesunenforceable,invalidorillegal,itwill,asanindependentandprimaryobligation,indemnifytheAdministrativeAgent,theIssuingBankandtheLendersimmediatelyondemandagainstanycost,lossorliabilitytheyincurasaresultofanySubsidiaryoranyofitsAffiliatesnotpayinganyamountwhichwould,butforsuchunenforceability,invalidityorillegality,havebeenpayablebytheCompanyunderthisArticleXonthedatewhenitwouldhavebeendue(butsothat the amount payable by the Company under this indemnity will not exceed the amount which it wouldhavehadtopayunderthisArticleXiftheamountclaimedhadbeenrecoverableonthebasisofaguarantee).EachBorrowerwaivespresentmentto,demandofpaymentfromandprotesttoanyBorrowerofanyoftheGuaranteedObligations,andalsowaivesnoticeofacceptanceofitsobligationsandnoticeofprotestfornonpayment.TheobligationsofeachBorrowerhereundershallnotbeaffectedby(a)thefailureoftheAdministrativeAgent,theIssuingBankoranyLender(oranyofitsAffiliates)toassertanyclaimordemandortoenforceanyrightorremedyagainstanyBorrowerundertheprovisionsof this Agreement, any other Loan Document, any Swap Agreement, any Banking Services Agreement orotherwise;(b)anyextensionorrenewalofanyoftheGuaranteedObligations;(c)anyrescission,waiver,amendmentormodificationof,orreleasefrom,anyofthetermsorprovisionsofthisAgreement,anyotherLoanDocument,anySwapAgreement,anyBankingServicesAgreementoranyotheragreement;(d)anydefault,failureordelay,willfulorotherwise,intheperformanceofanyoftheGuaranteedObligations;(e)thefailureoftheAdministrativeAgent(oranyapplicableLender(oranyofitsAffiliates))totakeanystepstoperfectandmaintainanysecurityinterestin,ortopreserveanyrightsto,anysecurityorcollateralfortheGuaranteedObligations,ifany;(f)anychangeinthecorporate,partnershiporotherexistence,structureorownershipofanyBorroweroranyotherguarantorofanyoftheGuaranteedObligations;(g)theenforceabilityorvalidityoftheGuaranteedObligationsoranypartthereoforthegenuineness,enforceabilityorvalidityofanyagreementrelatingtheretoorwithrespecttoanycollateralsecuringtheGuaranteedObligationsoranypartthereof,oranyotherinvalidityorunenforceabilityrelatingtooragainstanyBorroweroranyotherguarantorofanyoftheGuaranteedObligations,foranyreasonrelatedtothisAgreement,anyotherLoanDocument,anySwapAgreement,anyBankingServicesAgreement,oranyprovisionofapplicablelaw,decree,orderorregulationofanyjurisdictionpurportingtoprohibitthepaymentbysuchBorroweroranyotherguarantoroftheGuaranteedObligations,ofanyoftheGuaranteedObligationsorotherwiseaffectinganytermofanyoftheGuaranteedObligations;or(h)anyotheract,omissionordelaytodoanyotheractwhichmayormightinanymannerortoanyextentvarytheriskofsuchBorrowerorotherwiseoperateasadischarge136






	
	of a guarantor as a matter of law or equity or which would impair or eliminate any right of such Borrowerto subrogation.EachBorrowerfurtheragreesthatitsagreementhereunderconstitutesaguaranteeofpaymentwhendue(whetherornotanybankruptcyorsimilarproceedingshallhavestayedtheaccrualorcollectionofanyoftheGuaranteedObligationsoroperatedasadischargethereof)andnotmerelyofcollection, and waives any right to require that any resort be had by the Administrative Agent, the IssuingBankoranyLender(oranyofitsAffiliates)toanybalanceofanydepositaccountorcreditonthebooksoftheAdministrativeAgent,theIssuingBankoranyLenderinfavorofanyBorroweroranyotherPerson.TheobligationsofeachBorrowerhereundershallnotbesubjecttoanyreduction,limitation,impairmentorterminationforanyreason,andshallnotbesubjecttoanydefenseorset-off,counterclaim,recoupmentorterminationwhatsoever,byreasonoftheinvalidity,illegalityorunenforceability of any of the Guaranteed Obligations, any impossibility in the performance of any of theGuaranteed Obligations or otherwise.EachBorrowerfurtheragreesthatitsobligationshereundershallconstituteacontinuingandirrevocableguaranteeofallGuaranteedObligationsnoworhereafterexistingandshallcontinuetobeeffectiveorbereinstated,asthecasemaybe,ifatanytimepayment,oranypartthereof,ofanyGuaranteedObligation(includingapaymenteffectedthroughexerciseofarightofsetoff)isrescinded,orisormustotherwiseberestoredorreturnedbytheAdministrativeAgent,theIssuingBankoranyLender(oranyofitsAffiliates)upontheinsolvency,bankruptcyorreorganizationofanyBorrowerorotherwise(includingpursuanttoanysettlemententeredintobyaholderofGuaranteedObligationsinitsdiscretion).InfurtheranceoftheforegoingandnotinlimitationofanyotherrightwhichtheAdministrativeAgent,theIssuingBankoranyLender(oranyofitsAffiliates)mayhaveatlaworinequityagainstanyBorrowerbyvirtuehereof,uponthefailureofanyotherBorrowertopayanyGuaranteedObligationwhenandasthesameshallbecomedue,whetheratmaturity,byacceleration,afternoticeofprepaymentorotherwise,eachBorrowerherebypromisestoandwill,uponreceiptofwrittendemandbytheAdministrativeAgent,theIssuingBankoranyLender(oranyofitsAffiliates),forthwith pay, or cause to be paid, to the Administrative Agent, the Issuing Bank or any Lender (or any ofsuchLender’sAffiliates)incashanamountequalto theunpaidprincipalamountofsuchGuaranteedObligationsthendue,togetherwith accruedandunpaidinterestthereon.EachBorrowerfurtheragreesthatifpaymentinrespectofanyGuaranteedObligationshallbedueinacurrencyotherthanDollarsand/orataplaceofpaymentotherthanNew York,ChicagooranyotherEurocurrencyPaymentOfficeandif,byreasonofanyChangeinLaw,disruptionofcurrencyorforeignexchangemarkets,warorcivildisturbanceorotherevent,paymentofsuchGuaranteedObligationinsuchcurrencyoratsuchplaceofpaymentshallbeimpossibleor,inthereasonablejudgmentoftheAdministrativeAgent,theIssuingBankoranyLender(oranyofitsAffiliates),disadvantageoustotheAdministrativeAgent,theIssuingBankoranyLender(oranyofsuchLender’sAffiliates)inanymaterialrespect,then,attheelectionoftheAdministrativeAgent,suchBorrowershallmakepaymentofsuchGuaranteedObligationinDollars(basedupontheapplicableEquivalentAmountineffectonthedateofpayment)and/orinNew York,ChicagoorsuchotherEurocurrencyPaymentOfficeasisdesignatedbytheAdministrativeAgentorsuch Lender and, as a separate and independent obligation, shall indemnify the Administrative Agent, theIssuingBankandanyLender(andsuchLender’sAffiliates)againstanylossesorreasonableout-of-pocket expenses that it shall sustain as a result of such alternative payment.UponpaymentbyanyBorrowerofanysumsasprovidedabove,allrightsofsuchBorroweragainstanyBorrowerarisingasaresultthereofbywayofrightofsubrogationorotherwise137






	
	shallinallrespectsbesubordinatedandjuniorinrightofpaymenttothepriorindefeasiblepaymentinfullincashofalltheGuaranteedObligationsowedbysuchBorrowertotheAdministrativeAgent,theIssuing Bank and the Lenders (or any of such Lender’s Affiliates).EachBorrowerjointlyandseverallyherebyabsolutely,unconditionallyandirrevocablyundertakestoprovidesuchfundsorothersupportasmaybeneededfromtimetotimebyeachotherBorrowertohonorallofitsobligationsunderthisArticleXinrespectofSpecifiedSwapObligations(provided,however,thateachBorrowershallonlybeliableunderthisparagraphforthemaximumamountofsuchliabilitythatcanbeherebyincurredwithoutrenderingitsobligationsunderthisparagraphorotherwiseunderthisArticleXvoidableunderapplicablelawrelatingtofraudulentconveyanceorfraudulenttransfer,andnotforanygreateramount).EachBorrowerintendsthatthisparagraphconstitute,andthisparagraphshallbedeemedtoconstitute,a“keepwell,support,orotheragreement”forthebenefitofeachotherBorrowerforallpurposesofSection1a(18)(A)(v)(II)oftheCommodity Exchange Act.NothingshalldischargeorsatisfytheliabilityofanyBorrowerhereunderexceptthefullperformance and payment in cash of the Guaranteed Obligations.NotwithstandinganythingcontainedinthisArticleXtothecontrary,noForeignSubsidiaryBorrowerwhichisandremainsanAffectedForeignSubsidiaryshallbeliablehereunderforanyoftheLoansmadeto,oranyotherGuaranteedObligationincurredsolelybyoronbehalfof,theCompany or any Subsidiary Guarantor which is a Domestic Subsidiary.NoBorrowerhereundershallbedeemedtobeaguarantorofanySwapObligationsifsuchBorrowerisnotanECP,totheextentthattheprovidingofsuchguarantybysuchBorrowerwouldviolatetheECPRulesoranyotherapplicablelaworregulation.ThisparagraphshallnotaffectanyGuaranteedObligationsotherthanSwapObligations,norshallitaffecttheGuaranteedObligationsofanyBorrowerwhoqualifiesasanECP.IfaSwapObligationarisesunderamasterSwapAgreementgoverningmorethanonetransaction,suchexclusionshallapplyonlytotheportionofsuchSwapObligation that is attributable to transactions for which such Guarantee is or becomes illegal.WithoutinanywaylimitingtheobligationsofanyBorrowerunderthisAgreement(includingunderthisArticleX)ortheotherLoanDocuments,eachQualifiedECPGuarantorherebyjointlyandseverallyabsolutely,unconditionallyandirrevocablyundertakestoprovidesuchfundsorothersupportasmaybeneededfromtimetotimebyeachotherBorrowertohonorallofitsobligationsunderthisArticleXinrespectofSwapObligations(provided,however,thateachQualifiedECPGuarantorshallonlybeliableunderthisparagraphforthemaximumamountofsuchliabilitythatcanbeherebyincurredwithoutrenderingitsobligationsunderthisparagraph,orotherwiseunderthisArticleX,asitrelatestosuchotherBorrower,voidableunderapplicablelawrelatingtofraudulentconveyanceorfraudulenttransfer,andnotforanygreateramount).TheobligationsofeachQualifiedECPGuarantorunderthisparagraphshallremaininfullforceandeffectuntiladischargeofsuchQualifiedECPGuarantor’sobligationsunderthisArticleXinaccordancewiththetermshereof.EachQualifiedECPGuarantorintendsthatthisparagraphconstitute,andthisparagraphshallbedeemedtoconstitute,a“keepwell,support,orotheragreement”forthebenefitofeachotherBorrowerforallpurposesofSection 1a(18)(A)(v)(II) of the Commodity Exchange Act.*Signature Pages Follow*138






	
	IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed bytheir respective authorized officers as of the day and year first above written.[ORIGINAL SIGNATURES ON FILE WITH
ADMINISTRATIVE AGENT]
TENNANT COMPANY
,
as the Company
By: _______________________________________
Name: Thomas Paulson
Title    Interim Chief Financial Officer
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	JPMORGAN CHASE BANK, N.A.
, individually
as a Lender, as the Swingline Lender, as an Issuing
Bank and as Administrative Agent
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	HSBC BANK USA, NATIONAL
ASSOCIATION
, individually as a Lender and as an
Issuing Bank
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	U.S.
BANK NATIONAL ASSOCIATION
,
individually as a Lender and as an Issuing Bank
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	BANK OF THE WEST
, individually as a Lender
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	BMO HARRIS BANK, NA
, individually as a
Lender
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	WELLS FARGO BANK, NATIONAL
ASSOCIATION
, individually as a Lender
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	CAPITAL ONE, NATIONAL ASSOCIATION
,
individually as a Lender
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	GOLDMAN SACHS BANK USA
, individually as
a Lender
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	KEYBANK NATIONAL ASSOCIATION
,
individually as a Lender
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	TRUIST BANK
, as successor to SunTrust Bank, as
a Departing Lender
By: _______________________________________
Name:
Title:
Signature Page to
Tennant Amended and Restated Credit Agreement






	
	Departing Lender Schedule
TRUIST BANK, as successor to SunTrust Bank






	
	BMO HARRIS BANK, N.A.
HSBC BANK USA, NATIONAL
ASSOCIATION
$51,136,363.64
DELAYED
DRAW TERM
LOAN
COMMITMENT
$11,363,636.36
$63,409,090.91
WELLS FARGO BANK,
NATIONAL ASSOCIATION
$14,090,909.09
$51,136,363.64
$11,363,636.36
CAPITAL ONE, NATIONAL
ASSOCIATION
U.S. BANK NATIONAL
ASSOCIATION
$34,772,727.27
JPMORGAN CHASE BANK, N.A.
$7,727,272.73
$63,409,090.91
LENDER
GOLDMAN SACHS BANK USA
$14,090,909.09
$34,772,727.27
$65,454,545.45
$7,727,272.73
KEYBANK NATIONAL
ASSOCIATION
BANK OF THE WEST
$34,772,727.27
$14,545,454.55
$7,727,272.73
$51,136,363.64
REVOLVING
COMMITMENT
AGGREGATE COMMITMENT
$11,363,636.36
$450,000,000.00
$100,000,000.00
Schedule 2.01
Commitments






	
	Schedule 3.01
Subsidiaries






	
	Schedule 6.01
Existing Indebtedness






	
	Schedule 6.02
Existing Liens






	
	Schedule 6.04(b)(ii)
Existing Investments






	
	Schedule 6.07
Agreements






	
	Schedule 6.08
Existing Restrictions






	
	 Annex II
ANNEX II
Restated Exhibits K-1, K-2 and L
(attached)






	
	EXHIBIT K-1 FORM OF BORROWING REQUEST JPMorgan Chase Bank, N.A., as Administrative Agent for the Lenders referred to below  10 South Dearborn Chicago, Illinois 60603 Attention: Charitra Shetty Facsimile: 844-490-56631
[JPMorgan Europe Limited 25 Bank Street Canary Wharf London E14 5AJ Attention: The Manager, Loan & Agency Services
Facsimile: 011-44-207-777-2360]
 Re:  Tennant Company
[Date] Ladies and Gentlemen: Reference is hereby made to the Amended and Restated Credit Agreement dated as of April 5, 2021 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the
 “Credit Agreement”), among Tennant Company (the “Company”), the Foreign Subsidiary Borrowers
from time to time party thereto, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).  Capitalized terms used but
not defined herein shall have the meanings assigned to such terms in the Credit Agreement.  The [undersigned Borrower][Company, on behalf of [Foreign Subsidiary Borrower],] hereby gives you notice pursuant to Section 2.03 of the Credit Agreement that it requests a Borrowing under the Credit Agreement, and in that connection the [undersigned Borrower][Company, on behalf of [Foreign Subsidiary Borrower],] specifies the following information with respect to such Borrowing requested hereby:  1. Name of Borrower: __________ 2. Aggregate principal amount of Borrowing:2  __________ 3. Date of Borrowing (which shall be a Business Day):  __________ 4. Type of Borrowing (ABR, Term Benchmark, or RFR) and Class of Borrowing (Revolving Borrowing or Delayed Draw Term Loan Borrowing):  __________

1 If request is in respect of Revolving Loans in a Foreign Currency, please replace this address with the bracketed London address. 2 Not less than applicable amounts specified in Section 2.02(c).






	
	2 5. Interest Period and the last day thereof (if a Term Benchmark Borrowing):3  __________ 6. Agreed Currency:  __________ 7. Location and number of the applicable Borrower’s account or any other account agreed upon by the Administrative Agent and such Borrower to which proceeds of Borrowing are to be disbursed:  __________ [Signature Page Follows]

3 Which must comply with the definition of “Interest Period” and end not later than the Maturity Date.






	
	  The undersigned hereby represents and warrants that the conditions to lending specified in Section[s] [4.01 and]1 4.02 of the Credit Agreement are satisfied as of the date hereof.  Very truly yours,  [TENNANT COMPANY, as the Company] [FOREIGN SUBSIDIARY BORROWER, as a Borrower]
 By:______________________________ Name:  Title:


1 To be included only for Borrowings on the Effective Date.






	
	  EXHIBIT K-2 FORM OF INTEREST ELECTION REQUEST JPMorgan Chase Bank, N.A., as Administrative Agent for the Lenders referred to below  10 South Dearborn Chicago, Illinois 60603 Attention: Charitra Shetty Facsimile: 844-490-56631 [JPMorgan Europe Limited 25 Bank Street Canary Wharf London E14 5AJ Attention: The Manager, Loan & Agency Services  Facsimile: 011-44-207-777-2360]   Re:  Tennant Company
[Date] Ladies and Gentlemen: Reference is hereby made to the Amended and Restated Credit Agreement dated as of April 5, 2021 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Tennant Company (the “Company”), the Foreign Subsidiary Borrowers
from time to time party thereto, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).  Capitalized terms used but
not defined herein shall have the meanings assigned to such terms in the Credit Agreement.  The [undersigned Borrower][Company, on behalf of [Subsidiary Borrower],] hereby gives you notice pursuant to Section 2.08 of the Credit Agreement that it requests to [convert][continue] an existing Borrowing under the Credit Agreement, and in that connection the [undersigned Borrower][Company, on behalf of
[Foreign Subsidiary Borrower],] specifies the following information with respect to such [conversion][continuation] requested hereby:   1. List Borrower, date, Type, principal amount, Agreed Currency and Interest Period (if applicable) of existing Borrowing:  __________ 2. Aggregate principal amount of resulting Borrowing:  __________ 3. Effective date of interest election (which shall be a Business Day):  __________

1 If request is in respect of Revolving Loans in a Foreign Currency, please replace this address with the bracketed London address.






	
	  4. Type of Borrowing (ABR, Term Benchmark or RFR) and Class of Borrowing (Revolving Borrowing or Delayed Draw Term Loan Borrowing):  __________ 5. Interest Period and the last day thereof (if a Term Benchmark Borrowing):2  __________ 6. Agreed Currency:  __________ [Signature Page Follows]

2 Which must comply with the definition of “Interest Period” and end not later than the Maturity Date.






	
	  Very truly yours,  [TENNANT COMPANY, as the Company] [FOREIGN SUBSIDIARY BORROWER, as a Borrower]   By:______________________________ Name:  Title:






	
	  EXHIBIT L [FORM OF] [AMENDED AND RESTATED] NOTE [_____], 20[_] FOR VALUE RECEIVED, the undersigned, [COMPANY][FOREIGN SUBSIDIARY BORROWER], a [___________] (the “Borrower”), HEREBY UNCONDITIONALLY PROMISES TO
PAY to the order of [NAME OF LENDER] (the “Lender”) the aggregate unpaid Dollar Amount of all
Loans made by the Lender to the Borrower pursuant to the “Credit Agreement” (as defined below) on the Maturity Date or on such earlier date as may be required by the terms of the Credit Agreement.  Capitalized terms used herein and not otherwise defined herein are as defined in the Credit Agreement. The undersigned Borrower promises to pay interest on the unpaid principal amount of each Loan made to it from the date of such Loan until such principal amount is paid in full at a rate or rates per annum determined in accordance with the terms of the Credit Agreement.  Interest hereunder is due and payable at such times and on such dates as set forth in the Credit Agreement. At the time of each Loan, and upon each payment or prepayment of principal of each Loan, the Lender shall make a notation either on the schedule attached hereto and made a part hereof, or in such Lender’s own books and records, in each case specifying the amount of such Loan, the respective Interest Period thereof (in the case of Term Benchmark Loans) or the amount of principal paid or prepaid with respect to such Loan, as applicable; provided that the failure of the Lender to make any such
recordation or notation shall not affect the Obligations of the undersigned Borrower hereunder or under the Credit Agreement. This Note is one of the notes referred to in, and is entitled to the benefits of, that certain Amended and Restated Credit Agreement dated as of April 5, 2021 by and among Tennant Company (the “Company”), the Foreign Subsidiary Borrowers from time to time party thereto (collectively with the
Company, the “Borrowers”), the financial institutions from time to time party thereto as Lenders and
JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).  The Credit Agreement,
among other things, (i) provides for the making of Loans by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any time outstanding the Dollar Amount of such Lender’s Commitment, the indebtedness of the Borrower resulting from each such Loan to it being evidenced by this Note, and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments of the principal hereof prior to the maturity hereof upon the terms and conditions therein specified. This Note is secured by the Collateral Documents. Reference is hereby made to the Collateral Documents for a description of the collateral thereby mortgaged, warranted, bargained, sold, released, conveyed, assigned, transferred, pledged and hypothecated, the nature and extent of the security for this Note, the rights of the holder of this Note, the Administrative Agent in respect of such security and otherwise. Demand, presentment, protest and notice of nonpayment and protest are hereby waived by the Borrower. Whenever in this Note reference is made to the Administrative Agent, the Lender or the Borrower, such reference shall be deemed to include, as applicable, a reference to their respective successors and assigns.  The provisions of this Note shall be binding upon and shall inure to the benefit of






	
	 2 said successors and assigns.  The Borrower’s successors and assigns shall include, without limitation, a receiver, trustee or debtor in possession of or for the Borrower. This Note shall be construed in accordance with and governed by the law of the State of New York.
[This Note amends and restates that certain Note, dated as of [_______], issued to the
Lender pursuant to the Existing Credit Agreement (the “Existing Note”), and is given as a continuation,
rearrangement and extension, and not as a novation, release, payment or satisfaction, of the Existing Note,
and the issuance and delivery of this Note is in replacement of the Existing Note.]






	
	 Note [BORROWER] By:
Name: Title:






	
	  SCHEDULE OF LOANS AND PAYMENTS OR PREPAYMENTS



Date


Amount of
Loan


Type of
Loan Currency



Interest
Period/Rate

Am
ount

of
Principal
Paid or
Prepaid


Unpaid
Principal
Balance


Notation
Made By










































































































	
	 Exhibit I
EXHIBIT I
CONSENT AND REAFFIRMATION
Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment No. 1 to the Amended and Restated Credit Agreement dated as of April 5, 2021 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”) by and among Tennant Company (the “Company”), the Foreign Subsidiary Borrowers
from time to time party thereto, the financial institutions from time to time party thereto (the “Lenders”) and JPMorgan Chase Bank, National Association, as Administrative Agent (the
 “Administrative Agent”), which Amendment No. 1 is dated as of November 10, 2022 (the
 “Amendment”).  Capitalized terms used in this Consent and Reaffirmation and not defined herein
shall have the meanings given to them in the Credit Agreement.   Without in any way establishing a course of dealing by the Administrative Agent or any Lender, each of the undersigned consents to the Amendment and reaffirms the terms and conditions of the Subsidiary Guaranty, each Collateral Document to which it is a party and any other Loan Document executed by it and (i) acknowledges and agrees that such agreements and each and every such Loan Document executed by the
undersigned in connection with the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed, and (ii) reaffirms all Liens on the Collateral which have been granted by it in favor of the Administrative Agent (for itself and the other Secured Parties) pursuant to any of the Loan Documents.  All references to the Credit Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement, as the case may be, as so modified by the Amendment and as the same may from time to time hereafter be amended, modified or restated.
Dated:  November 10, 2022 [Signature Page Follows]