Exhibit
10.1


 







SECOND
AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT


 


dated
as of November 21, 2017


 


among


 


PATTERN
US FINANCE COMPANY LLC


 


PATTERN
CANADA FINANCE COMPANY ULC


 


CERTAIN
SUBSIDIARIES OF PATTERN US FINANCE COMPANY LLC





 


CERTAIN
SUBSIDIARIES OF PATTERN CANADA FINANCE COMPANY ULC





 


THE LENDERS
FROM TIME TO TIME PARTY HERETO


 


ROYAL
BANK OF CANADA 


(ACTING
THROUGH ITS NEW YORK BRANCH)


as Swingline
Lender


 


ROYAL
BANK OF CANADA 


(ACTING
THROUGH ITS NEW YORK BRANCH)

as Administrative Agent


 


ROYAL
BANK OF CANADA


(ACTING
THROUGH ITS NEW YORK BRANCH)

as Collateral Agent


 


ROYAL
BANK OF CANADA, BANK OF MONTREAL, MORGAN STANLEY BANK, N.A., CITIBANK, N.A. AND BANK OF AMERICA, N.A.

each as LC Issuing Bank


 


BANK OF
MONTREAL, CHICAGO BRANCH


as Syndication
Agent


 


and


 


CITIBANK,
N.A.


as Documentation
Agent


________________________________________________________


 


$440,000,000
Revolving Credit Facilities


________________________________________________________


 


ROYAL
BANK OF CANADA, ACTING THROUGH ITS NEW YORK BRANCH, BANK OF MONTREAL, CHICAGO BRANCH,
MORGAN STANLEY SENIOR FUNDING, INC., CITIBANK, N.A., BANK OF AMERICA, N.A., KEYBANK NATIONAL ASSOCIATION,
MUFG UNION BANK, N.A., SUMITOMO MITSUI BANKING CORPORATION, SOCIÉTÉ GÉNÉRALE, GOLDMAN SACHS
BANK USA AND WELLS FARGO SECURITIES, LLA

as Joint Bookrunners


 




    


    


    

 


TABLE
OF CONTENTS


 


Page


 







	Section
    1.   DEFINITIONS AND INTERPRETATION	2
	1.1   Definitions	2
	1.2   Accounting
    Terms	45
	1.3   Terms
    Generally	46
	1.4   Exchange
    Rates; Currency Equivalents	46
	1.5   Letter
    of Credit Amounts	47
	1.6   Calculations	47
	1.7   Limited
    Conditionality	47
	1.8   Alternative
    Currencies	48
	Section
    2.   LOANS AND LETTERS OF CREDIT	49
	2.1   Revolving
    Loans	49
	2.2   Swingline
    Loans	51
	2.3   Letters
    of Credit	52
	2.4   Pro
    Rata Shares	63
	2.5   Use
    of Proceeds	63
	2.6   Evidence
    of Debt; Lenders’ Books and Records; Notes	63
	2.7   Interest
    on Loans	64
	2.8   Conversion/Continuation	66
	2.9   Default
    Interest	67
	2.10   Fees	67
	2.11   Voluntary
    Prepayments/Commitment Reductions	68
	2.12   Mandatory
    Prepayments	69
	2.13   Application
    of Prepayments	72
	2.14   General
    Provisions Regarding Payments	73
	2.15   Ratable
    Sharing	76
	2.16   Making
    or Maintaining Eurodollar Rate Loans or CDOR Loans	76
	2.17   Increased
    Costs; Capital or Liquidity Adequacy	78
	2.18   Taxes;
    Withholding, Etc	80
	2.19   Obligation
    to Mitigate	84
	2.20   Defaulting
    Lenders	85
	2.21   Removal
    or Replacement of a Lender	88
	2.22   Additional
    Indebtedness	90
	2.23   Extensions
    of Loan Terms	93
	2.24   Refinancing
    Facilities	96
	Section
    3.   CONDITIONS PRECEDENT	98
	3.1   Closing
    Date	98
	3.2   Conditions
    to Each Credit Extension	100
	 	 
	Section
    4.   REPRESENTATIONS AND WARRANTIES	102



 






    
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	4.1   Organization;
    Requisite Power and Authority; Qualification	102
	4.2   Subsidiaries;
    Capital Stock and Ownership	102
	4.3   Due
    Authorization	103
	4.4   No
    Conflict	103
	4.5   Governmental
    Authorizations	103
	4.6   Binding
    Obligation	104
	4.7   Historical
    Financial Statements	104
	4.8   Projections	104
	4.9   Adverse
    Proceedings, Etc.	105
	4.10   Payment
    of Taxes	105
	4.11   Properties	105
	4.12   Environmental
    Matters	105
	4.13   No
    Defaults	106
	4.14   Liens	106
	4.15   Compliance
    with Laws	106
	4.16   Governmental
    Regulation	106
	4.17   Margin
    Stock	107
	4.18   Employee
    Matters	107
	4.19   Solvency	107
	4.20   Disclosure	107
	4.21   Sanctions,
    Patriot Act, FCPA	107
	4.22   OFAC	108
	4.23   Canadian
    Pension and Benefit Plans	108
	Section
    5.   AFFIRMATIVE COVENANTS	108
	5.1   Financial
    Statements and Other Reports	108
	5.2   Existence	111
	5.3   Payment
    of Indebtedness, Taxes and Claims	111
	5.4   Maintenance
    of Properties and Assets	112
	5.5   Insurance	112
	5.6   Books
    and Records; Inspections	112
	5.7   Compliance
    with Laws	112
	5.8   Environmental	112
	5.9   Subsidiaries	113
	5.10   Non-Wholly
    Owned Subsidiaries; Other Restricted Subsidiaries	114
	5.11   Maintenance
    of Liens; Further Assurances	114
	5.12   Separateness	115
	5.13   [Reserved.]	115
	Section
    6.   NEGATIVE COVENANTS	115
	6.1   Indebtedness	115
	6.2   Liens	118
	6.3   Burdensome
    Agreements	120
	6.4   Restricted
    Payments	121
	6.5   Investments	122



 






    
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	6.6   Financial
    Covenants	123
	6.7   Disposition
    of Assets	124
	6.8   Transactions
    with Affiliates	125
	6.9   Conduct
    of Business	126
	6.10   Amendments
    of Organizational Documents; Accounting Changes	126
	6.11   Fundamental
    Changes	126
	6.12   Hedge
    Agreements	127
	6.13   Sanctions	127
	6.14   No
    Employees	127
	6.15   [Reserved.]	127
	6.16   Disqualified
    Stock	127
	6.17   Project
    Financing Documents	127
	6.18   Subsidiaries	127
	Section
    7.   GUARANTY	128
	7.1   Guaranty
    of the Obligations	128
	7.2   Payment
    by Guarantors	128
	7.3   Liability
    of Guarantors Absolute	128
	7.4   Waivers
    by Guarantors	130
	7.5   Guarantors’
    Rights of Subrogation, Contribution, Etc.	131
	7.6   Subordination
    of Other Obligations	131
	7.7   Continuing
    Guaranty	132
	7.8   Authority
    of Guarantors or Borrowers	132
	7.9   Financial
    Condition of Borrowers	132
	7.10   Bankruptcy,
    Etc.	132
	7.11   Guarantors,
    Defined; Discharge of Guaranty	133
	Section
    8.   EVENTS OF DEFAULT	134
	8.1   Events
    of Default	134
	8.2   Right
    to Cure	138
	Section
    9.   AGENTS	139
	9.1   Appointment
    of Agents	139
	9.2   Powers
    and Duties	140
	9.3   General
    Immunity	140
	9.4   Agents
    Entitled to Act as Lender	142
	9.5   Lenders’
    Representations, Warranties and Acknowledgment	142
	9.6   Resignation
    of Administrative Agent	142
	9.7   Collateral
    Documents and Guaranty	144
	9.8   No
    Other Duties, Etc.	145
	Section
    10.   MISCELLANEOUS	145
	10.1   Notices	145
	10.2   Expenses	147



 






    
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	10.3   Indemnity	148
	10.4   Set-Off	149
	10.5   Amendments
    and Waivers	150
	10.6   Successors
    and Assigns; Participations; Sale and Transfer Limitations	152
	10.7   Independence
    of Covenants	157
	10.8   Survival
    of Representations, Warranties and Agreements	157
	10.9   No
    Waiver; Remedies Cumulative	157
	10.10   Marshalling;
    Payments Set Aside	158
	10.11   Severability	158
	10.12   Obligations
    Several; Independent Nature of Lenders’ Rights	158
	10.13   No
    Advisory or Fiduciary Responsibility	159
	10.14   Headings	159
	10.15   APPLICABLE
    LAW	159
	10.16   CONSENT
    TO JURISDICTION	159
	10.17   WAIVER
    OF JURY TRIAL	160
	10.18   Usury
    Savings Clause	161
	10.19   Counterparts	162
	10.20   Effectiveness	162
	10.21   Patriot
    Act	162
	10.22   Canadian
    AML Legislation	162
	10.23   Electronic
    Execution of Assignments	162
	10.24   Judgment
    Currency	163
	10.25   ENTIRE
    AGREEMENT	163
	10.26   No
    Recourse to Sponsor or Pledgors	163
	10.27   Disclaimer	164
	10.28   Treatment
    of Certain Information; Confidentiality	164
	10.29   Acknowledgement
    and Consent to Bail-In of EEA Financial Institutions	165
	10.30   Amendment
and Restatement	165






 



    
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	APPENDICES:	A	Revolving Commitments
	 	B	Notice Addresses
	 	 	 
	SCHEDULES:	1.1(a)	Existing Letters of Credit
	 	1.1(b)	Closing Date Management
	 	1.1(c)	Projects 
	 	1.1(d)	Project PPAs
	 	2.1(a)(i)	Existing Closing Date Loans
	 	3.1(e)	UCC or PPSA Financing Statements To Be Terminated
	 	4.1	Jurisdictions of Organization
	 	4.2	Subsidiaries; Capital Stock and Ownership
	 	4.8	Base Case Model
	 	5.12	Separateness
	 	6.1(d)	Form of Subordination Agreement
	 	6.8	Affiliate Transactions
	 	 	 
	EXHIBITS:	A-1	Borrowing Notice And Certificate
	 	A-2	Conversion/Continuation Notice
	 	A-3	Notice of LC Activity and Certificate
	 	B-1	US Dollar Denominated Revolving Loan Note
	 	B-2	Canadian Dollar Denominated Revolving Loan Note
	 	C-1	Closing Date Certificate
	 	C-2	Compliance Certificate
	 	D-1	Opinion of Davis Polk & Wardwell LLP
	 	D-2	Opinion of Blake, Cassels & Graydon LLP
	 	D-3	Opinion of McInnes Cooper LLP
	 	D-4	Opinion of Morris, Nichols, Arsht & Tunnell
    LLP
	 	E	Assignment and Assumption Agreement
	 	F-1-F-4	US Tax Compliance Certificates
	 	G	Solvency Certificate
	 	H	Counterpart Agreement
	 	I-1	US Pledge and Security Agreement
	 	I-2	US Pledge Agreement
	 	I-3	Canada Pledge and Security Agreement 
	 	I-4	Canada Pledge Agreement
	 	K	Subsidiaries




 




    
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SECOND
AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT


 


This
SECOND AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT, dated as of November 21, 2017, is entered into by and among
PATTERN US FINANCE COMPANY LLC, a Delaware limited liability company (“US Borrower”), PATTERN CANADA
FINANCE COMPANY ULC, a Nova Scotia unlimited company (“Canada Borrower”; and together with US Borrower,
“Borrowers”), CERTAIN SUBSIDIARIES OF BORROWERS, THE LENDERS PARTY HERETO FROM TIME TO TIME,
ROYAL BANK OF CANADA (“Royal Bank”), acting through its New York Branch, as swingline lender
(together with its permitted successors in such capacity, the “Swingline Lender”), ROYAL BANK OF CANADA,
acting through its New York Branch, as Administrative Agent (together with its permitted successors in such capacity, “Administrative
Agent”), ROYAL BANK OF CANADA, acting through its New York Branch, as Collateral Agent (together with its permitted
successors in such capacity, the “Collateral Agent”) and ROYAL BANK OF CANADA, acting through its New York
Branch, BANK OF MONTREAL, Chicago Branch, MORGAN STANLEY BANK, N.A., CITIBANK, N.A., AND BANK OF AMERICA, N.A.,
each together with its permitted successors in such capacity, as LC Issuing Bank.


 


RECITALS:


 


WHEREAS,
capitalized terms used in these Recitals shall have the respective meanings set forth for such terms in Section 1.1
hereof.


 


WHEREAS,
the Borrowers, certain lenders, certain letter of credit issuing banks, the Administrative Agent and the Collateral Agent
are party to that certain Amended and Restated Credit and Guaranty Agreement, dated as of December 17, 2014 (as amended prior
to the date hereof, the “Existing Credit Agreement”), which amended and restated that certain Credit and Guaranty
Agreement, dated as of November 15, 2012, as amended prior to the date of the Existing Credit Agreement, and pursuant to which
such lenders made revolving loans and other extensions of credit to the Borrower pursuant to the terms thereof.


 


WHEREAS,
the parties hereto wish to amend and restate the Existing Credit Agreement on the terms and subject to the conditions set forth
herein, and to increase the revolving credit facilities to be made available pursuant to this Agreement to four hundred and forty
million Dollars ($440,000,000).


 


WHEREAS,
Borrowers and certain Restricted Holding Company Subsidiaries have agreed to secure all of the Obligations by granting to Collateral
Agent, for the benefit of Secured Parties, a First Priority Lien in accordance with the Collateral Documents, on certain of their
respective assets as described therein.


 


WHEREAS,
subject to the limitations set forth herein, Guarantors have agreed to guarantee the obligations of Borrowers hereunder and to
secure their respective Obligations by granting to Collateral Agent, for the benefit of Secured Parties, a First Priority Lien
on certain of their respective assets as described herein and in the Collateral Documents.


 






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


 


		Section 1.	DEFINITIONS AND INTERPRETATION



 


1.1         
Definitions. The following terms used herein, including in the preamble, recitals, exhibits and schedules hereto, shall
have the following meanings:


 


“Abandonment”
means any willful and voluntary suspension or cessation of the operations of one or more Projects owned by one or more Restricted
Operating Company Subsidiaries, but only to the extent that each such suspension or cessation (a) is expected to be permanent
and (b) has continued for a period of more than sixty (60) consecutive days (other than force majeure and excluding any period
of forced outage or scheduled outage, maintenance or repair to such Project).


 


“Acceptable
Bank” means any bank, trust company or other financial institution that has a tangible net worth of at least five hundred
million Dollars ($500,000,000) and has outstanding unguaranteed and unsecured long-term indebtedness which is rated “A-”
or better by S&P, “A3” or better by Moody’s or “A-” or better by Fitch.


 



“Act” as defined in Section 4.21.


 


“Administrative
Agent” as defined in the preamble hereto.


 


“Adverse
Proceeding” means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation
or arbitration at law or in equity, or before or by any Governmental Authority, domestic or foreign (including any Environmental
Claims), whether pending or, to the knowledge of an Authorized Representative of any Credit Party, threatened in writing against
or affecting a Credit Party, any Restricted Operating Company Subsidiary or any Project.


 


“Affected
Lender” as defined in Section 2.16(b).


 


“Affected
Loans” as defined in Section 2.16(b).


 


“Affiliate”
means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with,
that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”,
“controlled by” and “under common control with”), as applied to any Person, means the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether through the
ownership of voting securities or by contract or otherwise.


 


“Agent”
means each of Administrative Agent and Collateral Agent.


 


“Aggregate
Amounts Due” as defined in Section 2.15.


 






    
	 	-2-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Agreement”
means this Second Amended and Restated Credit and Guaranty Agreement, dated as of November 21, 2017 as it may be amended, restated,
supplemented or otherwise modified from time to time.


 


“Agreement
Currency” as defined in Section 10.24.


 


“Applicable
Margin” means, in respect of (x) Revolving Loans (including pursuant to any Increased Commitment), the percentage per
annum determined by reference to the Leverage Ratio in effect from time to time as set forth below and (y) any Incremental Term
Loans, the applicable percentages per annum set forth in the relevant Incremental Amendment.


 


	Pricing Level	Leverage
    Ratio	Applicable
    Margin for Eurodollar Rate/CDOR Loans and Letter of Credit Fees	Applicable
    Margin for Base Rate/Canadian Prime Rate Loans
	1	< 3.50:1.00	1.625%	0.625%
	2	≥
3.50:1.00 but

        < 4.50:1.00
	1.75%	0.75%
	3	≥ 4.50:1.00	1.875%	0.875%


 


Any
increase or decrease in the Applicable Margin resulting from a change in the Leverage Ratio shall become effective as of the first
Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 5.1(c); provided,
however, that (i) if a Compliance Certificate is not delivered when due in accordance with Section 5.1(c) or (ii)
while any Event of Default exists, then in each case, upon the request of the Required Revolving Lenders with notice to the Borrowers
from the Administrative Agent, Pricing Level 3 shall apply in respect of clause (x) above (in the case of clause (i), as of the
first Business Day after the date on which such Compliance Certificate was required to have been delivered, and such Pricing Level
shall remain in effect until the date on which such Compliance Certificate is delivered).


 


For
purposes of the foregoing, the Leverage Ratio shall be determined as of the end of each Fiscal Quarter based upon the Borrowers’
financial statements delivered pursuant to Section 5.1(a) or (b) (as applicable), or, until such financial statements
have been delivered hereunder, based upon the Borrowers’ financial statements delivered pursuant to Section 5.1(a)
or (b) (as applicable) of the Existing Credit Agreement. The calculation of Leverage Ratio shall be subject in all respects
to Section 1.6.


 


For
the avoidance of doubt, on the Closing Date, the Pricing Level shall be Pricing Level 1.


 


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


 


“Asset Sale”
means a sale, lease or sub-lease (as lessor or sublessor), or other Transfer, of all or any part of Borrowers’ or the Restricted
Subsidiaries’ assets or properties of any kind,


 






    
	 	-3-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


whether
real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired, including the Capital Stock
of any of the Restricted Subsidiaries, other than sales, leases, sub-leases, sale and leasebacks, Transfers and other transactions
permitted by or otherwise provided for in Section 6.7, but in the case of Transfers made pursuant to Section 6.7(d)
only to the extent the Net Asset Sale Proceeds received by the Credit Parties do not exceed the thresholds set forth in clause
(iii) thereof.


 


“Assignee”
as defined in Section 10.6(d)(i).


 


“Assignment
Agreement” means an Assignment and Assumption Agreement substantially in the form of Exhibit E, with such
amendments or modifications as may be approved by Administrative Agent and Borrowers.


 


“Assignment
Effective Date” as defined in Section 10.6(d)(i).


 


“Authorized
Representative” means, as applied to any Person, any authorized signatory or officer appointed or designated in accordance
with such Person’s Organizational Documents.


 


“Auto-Extension
Letters of Credit” as defined in Section 2.3(b)(iv).


 


“Available
Cash” means, for any specified period and without duplication, Internally Generated Cash and Qualifying Cash actually
received by a Borrower or any Restricted Holding Company Subsidiary from any Restricted Operating Company Subsidiary or any Permitted
Minority Investment Company as and when deposited into a Deposit Account (which Deposit Account shall be in the name of a Credit
Party and fully pledged to Collateral Agent for the benefit of the Secured Parties); provided that, notwithstanding the foregoing,
for purposes of calculating Borrower Cash Flow from non-U.S. and non-Canada Restricted Operating Company Subsidiaries (or non-U.S.
and non-Canada Permitted Minority Investment Companies), “Available Cash” shall mean Internally Generated Cash and
Qualifying Cash permitted to be distributed pursuant to the applicable Project Financing Documents and available for distribution
(and without counting any such Cash actually received by a Borrower or any Restricted Holding Company Subsidiary), net of all
withholding taxes and other applicable taxes that would be payable (at then-applicable rates) if such amounts were distributed
to a Borrower or Restricted Holding Company Subsidiary, as reasonably determined by the US Borrower. Without limiting the foregoing,
Available Cash shall exclude, with respect to such period, such net Cash proceeds received from (a) payments in respect of federal,
state, provincial or local cash grants (or payments in lieu of tax credits), (b) Net Asset Sale Proceeds that constitute extraordinary
receipts, (c) disbursements from Project or Permitted Minority Investment Project reserve accounts of Cash replaced with Letters
of Credit, (d) the Transfer of any Restricted Operating Company Subsidiary or Permitted Minority Investment Company by a Borrower
or any Restricted Holding Company Subsidiary, (e) Net Insurance/Condemnation Proceeds (excluding, for the avoidance of doubt,
proceeds received from business interruption insurance) received by the Borrower or a Restricted Holding Company Subsidiary, but
only to the extent such Net Insurance/Condemnation Proceeds are remuneration received by such Borrower or Restricted Holding Company
Subsidiary for the diminished cash generating capacity of a Restricted Operating Company Subsidiary’s or Permitted  






    
	 	-4-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 





Minority
Investment Company’s assets, (f) any incurrence of Indebtedness by any Restricted Operating Company Subsidiary or Permitted
Minority Investment Company, (g) any issuance of Capital Stock by any Restricted Subsidiary or Permitted Minority Investment Company,
or (h) any capital contribution to any Restricted Subsidiary or Permitted Minority Investment Company.


 


“Available
Incremental Amount” as defined in Section 2.22(a).


 


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


 


“Bail-In
Legislation” means, with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing
law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.


 


“Bankruptcy
Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in effect,
or any successor statute.


 


“Base Case
Model” as defined in Section 4.8.


 


“Base Rate”
means, for any day, the rate of interest per annum equal to the greater of (i) the rate determined by the Administrative Agent
from time to time as its prime commercial lending rate for U.S. Dollar loans in the United States for such day (such rate is not
necessarily the lowest rate that the Administrative Agent is charging any corporate customer (any change in the prime rate determined
by the Administrative Agent shall take effect at the opening of business on the date of such determination)); (ii) 0.5% per annum
above the Federal Funds Rate; and (iii) 1% per annum above the LIBOR Rate having a term of one (1) month.  Each interest
rate based upon the Base Rate shall be adjusted simultaneously with any change in the Base Rate.


 


“Base Rate
Loan” means a Loan bearing interest at a rate determined by reference to the Base Rate.


 


“Beneficiary”
means each Agent, LC Issuing Bank and Lender, and shall include all former Agents, LC Issuing Banks and Lenders to the extent
that any Obligations owing to such Persons were incurred while such Persons were Agents, LC Issuing Banks or Lenders and such
Obligations have not been paid or satisfied in full.


 


 “Borrower Cash Flow” means, for any period, an amount equal to (a) Available Cash during such period, minus
(b) the sum, without duplication, of: (i) the aggregate amount of expenditures actually made by the Credit Parties in Cash
during such period and (ii) the amount of Cash taxes actually paid by the Credit Parties during such period. For the avoidance
of doubt, the foregoing calculation is subject to the adjustments described in Section 6.6(c).


 


“Borrower
Debt” means, as of any date of determination, the aggregate stated balance sheet amount of all Indebtedness and other
amounts that, in accordance with GAAP, would be classified as indebtedness on a stand-alone balance sheet of each Borrower (including
all L/C


 






    
	 	-5-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


Obligations
but excluding (i) any unused Revolving Commitments and (ii) any Permitted Subordinated Indebtedness). For the avoidance of doubt,
“Borrower Debt” shall not include any Permitted Project Debt (including any guarantees or indemnities with respect
to such Permitted Project Debt) for which there is no recourse to either Borrower.


 


“Borrower
Interest Expense” means, (a) the sum of (i) total cash interest expense of each Borrower on a stand-alone basis with
respect to all outstanding Borrower Debt and (ii) all Transaction Costs (excluding any upfront or other amounts payable only
on the Closing Date); less (b) any cash interest income received by either Borrower on a stand-alone basis, in the case
of each of (a) and (b), during the relevant measurement period.


 


“Borrowing”
means the borrowing of the same Type of Revolving Loans by the applicable Borrower (or resulting from a conversion or conversions
on such date), having in the case of Eurodollar Rate Loans or CDOR Loans, the same Interest Period.


 


“Borrowing
Notice And Certificate” means a notice substantially in the form of Exhibit A-1.


 


“Business
Day” means (a) any day excluding Saturday, Sunday and any day which is a legal holiday under the Governmental Rules
of the State of New York or is a day on which banking institutions located in such state are authorized or required by Governmental
Rules to close, (b) with respect to all notices, determinations, fundings and payments in connection with the Eurodollar
Rate or any Eurodollar Rate Loans, the term “Business Day” means any day which is a Business Day described
in clause (a) and which is also a day for trading by and between banks in Dollar deposits in the London interbank market,
(c) with respect to all notices and determinations in connection with, and issuances, payments of principal and interest
on or with respect to, Canadian Dollar Denominated Letters of Credit, Canadian Dollar Denominated Loans or the CDOR Rate or Canadian
Prime Rate, any day which is a Business Day described in clauses (a) and (b) and which is also a day which is not a
legal holiday under the Governmental Rules of Canada or is a day on which banking institutions are not authorized or required
by Governmental Rules to close in Toronto, Canada.


 


“Canada Borrower”
as defined in the preamble hereto.


 


“Canada Pledge
and Security Agreement” means that certain Second Amended and Restated Canada Limited Recourse Guarantee and Pledge
Agreement, dated as of the date hereof, by and between Canada Borrower and Collateral Agent, as it may be amended, restated, supplemented
or otherwise modified from time to time.


 


 “Canada Pledge Agreement” means that certain Amended and Restated Canada Limited Recourse Guarantee and Pledge
Agreement, dated as of December 17, 2014, by and between Canada Pledgor and Collateral Agent, as it may be amended, restated,
supplemented or otherwise modified from time to time.


 


“Canada Pledgor”
means Pattern Canada Operations Holdings ULC.


 


“Canada Restricted
Holding Company Subsidiary” means any Restricted Holding Company Subsidiary that is a Canadian Subsidiary.


 










    
	 	-6-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 









“Canada Restricted
Operating Company Subsidiary” means any Restricted Operating Company Subsidiary that is a Canadian Subsidiary.


 


“Canadian
AML Legislation” as defined in Section 10.22.


 


“Canadian
Benefit Plans” means all employee benefit plans of any nature or kind whatsoever including all plans or arrangements
which provide or promise post-employment health, dental or any other benefits (other than of any Borrower Canadian Pension Plans
and any statutory plans with which any Borrower or Subsidiary is required to comply, including the Canada/Quebec Pension Plan
and plans administered pursuant to applicable provincial health tax, workers’ compensation and workers’ safety and
employment insurance legislation) that are governed by Governmental Rules of Canada and are maintained or contributed to by any
Borrower or Subsidiary of any Borrower or for which any Borrower or Subsidiary of any Borrower has any obligations, rights or
liabilities, contingent or otherwise.


 


“Canadian
Dollar Denominated Letter of Credit” means each Letter of Credit denominated in Canadian Dollars at the time of issuance
thereof.


 


“Canadian
Dollar Denominated Loans” means Revolving Loans denominated in Canadian Dollars at the time of the incurrence thereof.


 


“Canadian
Dollar Denominated Revolving Loan Note” means a promissory note in the form of Exhibit B-2, as it may be amended,
restated, supplemented or otherwise modified from time to time.


 


“Canadian
Dollar Equivalent” means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof
in Canadian Dollars as determined by Administrative Agent or the applicable LC Issuing Bank, as the case may be, using the Spot
Rate at such time for the purchase of such Canadian Dollars with Dollars.


 


“Canadian
Dollars” means freely transferable lawful money of Canada (expressed in Canadian Dollars).


 


“Canadian
Insolvency Legislation” means any bankruptcy or insolvency Governmental Rules of Canada now or hereafter in effect,
including the Bankruptcy and Insolvency Act (Canada) and the Companies’ Creditors Arrangement Act (Canada)
and the Winding-Up and Restructuring Act (Canada).


 


“Canadian
Multiemployer Pension Plan” means any multiemployer pension plan as defined under applicable Governmental Rules of Canada
for which any Borrower or Subsidiary of any Borrower has any rights, obligations or liabilities, contingent or otherwise.


 


“Canadian
Pension Plans” means all Canadian defined benefit or defined contribution pension plans that are considered to be pension
plans for the purposes of, and are required to be registered under, the ITA or any applicable pension benefits standards or Governmental
Rules in Canada and that are established, maintained or contributed to by any Borrower or Subsidiary of any Borrower or for which
any Borrower or Subsidiary of any Borrower has any rights, obligations or liabilities, contingent or otherwise.


 





 






    
	 	-7-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    




 


“Canadian
Prime Rate” means for any day a fluctuating rate per annum equal to the greater of (a) the per annum rate of interest
quoted or established as the Canadian Dollar “prime rate” of the Administrative Agent which it quotes or establishes
for such day as its reference rate of interest in order to determine interest rates for commercial loans in Canadian Dollars in
Canada to its Canadian borrowers; and (b) the average CDOR Rate for a 30-day term plus 1⁄2 of 1% per annum adjusted
automatically with each quoted or established change in either such rate, all without the necessity of any notice to any Borrower
or any other Person.  The “prime rate” is a rate set by the Administrative Agent based upon various factors including
the Administrative Agent’s costs and desired return, general economic conditions and other factors, and is used as a reference
point for pricing some loans, which may be priced at, above, or below such announced rate.  Any change in such prime rate
announced by the Administrative Agent shall take effect at the opening of business on the day specified in the public announcement
of such change.


 


“Canadian
Prime Rate Loan” means each Loan bearing interest at the rate determined by reference to the Canadian Prime Rate that
is designated or deemed designated as such by Canada Borrower at the time of the incurrence thereof or conversion thereto.


 



“Canadian Subsidiary” means any Subsidiary of a Borrower organized under the Governmental Rules of Canada
or any province or territory thereof.


 


“Capital
Lease” means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as
lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person.


 


“Capital
Stock” means any and all shares, interests, participations or other equivalents (however designated) of capital stock
of a corporation, any and all equivalent voting and economic ownership interests in a Person (other than a corporation), including
partnership interests and membership interests, and any and all warrants, rights or options to purchase or other arrangements
or rights to acquire any of the foregoing from the issuer thereof; provided that “Capital Stock” shall not
include any tax equity financing.


 


“Cash”
means money, currency or a credit balance in any demand or Deposit Account.


 


“Cash Collateralize”
means, in respect of an Obligation, to provide and pledge (as a first priority perfected security interest) Cash or deposit account
balances, at a location and pursuant to documentation (including an acceptable Control Agreement) in form and substance satisfactory
to Administrative Agent and the applicable LC Issuing Bank (and “Cash Collateralization” has a corresponding
meaning). “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds
of such cash collateral and other credit support. Obligations in Dollars shall be Cash Collateralized in Dollars and Obligations
in Canadian Dollars shall be Cash Collateralized in Canadian Dollars.


 


“Cash
Equivalents” means, as at any date of determination, any of the following: (a) marketable securities (i) issued or directly
and unconditionally guaranteed as to interest and principal by the United States or Canada or (ii) issued by any agency of the
United States or Canada the obligations of which are backed by the full faith and credit of the United States or Canada, in each
case maturing within one (1) year after such date; (b) marketable direct


 






    
	 	-8-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


obligations
issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality
thereof, in each case maturing within one (1) year after such date and having, at the time of the acquisition thereof, a rating
of at least “A-1” from S&P, at least “P-1” from Moody’s or “A-1” from Fitch; (c)
commercial paper maturing no more than one (1) year from the date of creation thereof and having, at the time of the acquisition
thereof, a rating of at least “A-1” from S&P, at least “P-1” from Moody’s or “A-1”
from Fitch; (d) certificates of deposit, bankers acceptances and other “money market instruments” issued by any bank
having capital and surplus in an aggregate amount of not less than five hundred million Dollars ($500,000,000) and rated “A”
or better by S&P, “A2” or better by Moody’s or “A-1” or better by Fitch, and, in each case,
maturing or being due or payable in full not more than one (1) year after such date (or, in the case of any investments using
Cash Collateral to be posted hereunder, three (3) months after such date); (e) tax exempt short-term securities rated “A”
or better by S&P or “Prime” or better by Moody’s or tax exempt long-term securities rated “A”
or better by S&P, “A2” or better by Moody’s or “A-1” or better by Fitch, in each case, maturing
or being due or payable in full not more than one (1) year after such date (or, in the case of any investments using Cash Collateral
to be posted hereunder, three (3) months after such date); (f) money market funds comprised of at least 95% of the assets which
constitute the types of investments referred to in clauses (a) through (e) above; and (g) instruments equivalent to those referred
to in clauses (a) through (f) above denominated in any currency, other than Dollars or Canadian Dollars, comparable in credit
quality and tenor to those referred to above and commonly used by corporations for cash management purposes in any jurisdiction
outside the United States and Canada to the extent reasonably required in connection with any business conducted by any Restricted
Subsidiary organized in such jurisdiction or controlling other Restricted Subsidiaries organized in such jurisdiction.


 


“CDOR Loan”
means each Loan bearing interest at the rate determined by reference to the CDOR Rate, designated as such by Canada Borrower at
the time of incurrence thereof or conversion thereto.


 


“CDOR Rate”
means, on any day, the annual rate of interest determined by the Administrative Agent which is equal to the average of the yield
rates per annum (calculated on the basis of a year of 365 days) applicable to Canadian Dollar bankers’ acceptances having,
where applicable, identical issue and comparable maturity dates as the Bankers’ Acceptances proposed to be issued by the
Borrower displayed and identified as such on the “CDOR Page” (or any display substituted therefor) of Reuters Monitor
Money Rates Service at approximately 10:00 a.m. (Toronto time) on that day or, if that day is not a Business Day, then on the
immediately preceding Business Day (as adjusted by the Administrative Agent after 10:00 a.m. (Toronto time) to reflect any error
in a posted rate of interest or in the posted average annual rate of interest); provided, however, if those rates do not appear
on that CDOR Page, then the CDOR Rate shall be the discount rate (expressed as a rate per annum on the basis of a year of 365
day) applicable to those Canadian Dollar bankers’ acceptances in a comparable amount to the Bankers’ Acceptances proposed
to be issued by the Borrower quoted by the Administrative Agent as of 10:00 a.m. (Toronto time) on that day or, if that day is
not a Business Day, then on the immediately preceding Business Day; and further provided that if any such rate is below zero,
the CDOR Rate will be deemed to be zero. Each determination of the CDOR Rate by the Administrative Agent shall be conclusive and
binding, absent manifest error.


 






    
	 	-9-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“CFC”
means a “controlled foreign corporation” within the meaning of Section 957 of the Internal Revenue Code.


 


“Change in
Law” means the becoming effective, after the date of this Agreement, of any of the following: (a) any Governmental Rule,
(b) any change in any Governmental Rule or in the administration, interpretation, implementation or application thereof by
any Governmental Authority or (c) any request, rule, guideline or directive (whether or not having the force of law) by any
Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith
and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee
on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each
case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted,
adopted or issued.


 


“Change of
Control” means an event or series of events by which:


 


(a)               
any Person or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act, but excluding any
employee benefit plan of any Borrower or its Restricted Subsidiaries and any person or entity acting in its capacity as trustee,
agent or other fiduciary or administrator of any such plan), other than PEG LP or PEG LP II, acquires or otherwise obtains Control,
directly or indirectly, of at least 35% of the equity securities of Sponsor entitled to vote for members of the board of directors
or equivalent governing body of Sponsor on a fully-diluted basis (and taking into account all such securities that such Person
or group has the right to acquire pursuant to any option right); or


 


(b)              
PEG LP or PEG LP II, holds, acquires or otherwise obtains Control, directly or indirectly, of greater than 40% of the equity
securities of Sponsor entitled to vote for members of the board of directors or equivalent governing body of Sponsor on a fully-diluted
basis (and taking into account all such securities that Pattern Development has the right to acquire pursuant to any option right),
at a time when none of (together or individually) (i) Riverstone, by itself or through funds managed by it, (ii) direct investors
in PEG LP II that are otherwise investors in Riverstone or its affiliated funds, (iii) investors (other than the investors set
forth in clause (ii) of this definition) in PEG LP II on the Closing Date or (iv) Management, Control PEG LP or PEG LP II (as
applicable); or


 


(c)               
Sponsor shall cease to, directly or indirectly, own and Control legally and beneficially all of the equity interests in
the Pledgors; or


 


(d)              
the Pledgors shall cease to directly own and Control legally and beneficially all of the equity interests in the US Borrower
or the Canada Borrower, as applicable (other than in connection with any transaction whereby any such Pledgor shall be dissolved
or merged with or into the Sponsor as the surviving entity; provided that, in each such case, the Sponsor shall have acceded to
Pledgors’ role(s) and shall have expressly and unconditionally assumed Pledgors’ obligations under the Credit Documents).


 






    
	 	-10-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Class”
means (i) with respect to Revolving Lenders, Revolving Lenders with Revolving Commitments and Revolving Loans that expire on the
same maturity date, (ii) with respect to Incremental Term Loan Lenders, Incremental Term Loan Lenders with Incremental Term Loan
Commitments and Incremental Term Loans that expire on the same maturity date, (iii) with respect to the Lenders under any Extended
Facility, Lenders with (x) Extended Revolving Commitments and Extended Revolving Loans that expire on the same maturity date or
(y) Extended Incremental Term Loan Commitments and Extended Incremental Loans that expire on the same maturity date, (iv) with
respect to Refinancing Lenders, Refinancing Lenders with Refinancing Loans that expire on the same maturity date, (v) with respect
to Revolving Commitments and Revolving Loans, respectively, Revolving Commitments and Revolving Loans (as applicable) that mature
on the same maturity date, (vi) with respect to Incremental Term Loan Commitments and Incremental Term Loans, respectively, Incremental
Term Loan Commitments and Incremental Term Loans (as applicable) that mature on the same maturity date, (vii) with respect to
Extended Revolving Commitments and Extended Revolving Loans, respectively, Extended Revolving Commitments and Extended Revolving
Loans (as applicable) that mature on the same maturity date, (viii) with respect to Extended Incremental Term Loan Commitments
and Extended Incremental Term Loans, respectively, Extended Incremental Term Loan Commitments and Extended Incremental Term Loans
(as applicable) that mature on the same maturity date and (ix) with respect to Refinancing Loans, Refinancing Loans that mature
on the same maturity date.


 


“Closing
Date” means the date on which the Revolving Commitments become available, which date shall be November 21, 2017.


 


“Closing
Date Certificate” means a Closing Date Certificate executed and delivered by an Authorized Representative of Borrowers
substantially in the form of Exhibit C-1.


 


“Collateral”
means, collectively, all of the personal and mixed property (including Capital Stock) of the Credit Parties in which Liens are
granted pursuant to the Collateral Documents as security for the Obligations.


 


“Collateral
Agent” as defined in the preamble hereto.


 


“Collateral
Documents” means the Pledge Agreements, Control Agreements and all other instruments, documents and agreements delivered
by any Credit Party pursuant to this Agreement or any of the other Credit Documents in order to grant to Collateral Agent, for
the benefit of Secured Parties, a Lien on any real, personal or mixed property of that Credit Party as security for the Obligations.


 


“Commitment”
means a Revolving Commitment, an Increased Commitment, an Extended Commitment or an Incremental Term Loan Commitment, as the context
may require.


 


“Commitment
Fee Rate” means the percentage per annum determined by reference to the Leverage Ratio in effect from time to time as
set forth below.


 


	Commitment Fee Level	Leverage
    Ratio	Commitment
    Fee Rate



 






    
	 	-11-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


	1	< 3.50:1.00	0.30%
	2	≥
3.50:1.00 but

        < 4.50:1.00 
	0.40%
	3	≥ 4.50:1.00	0.50%


 


Any
increase or decrease in the Commitment Fee Rate resulting from a change in the Leverage Ratio shall become effective as of the
first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 5.1(c); provided,
however, that (i) if a Compliance Certificate is not delivered when due in accordance with Section 5.1(c) or (ii)
while any Event of Default exists, then in each case, upon the request of the Required Revolving Lenders with notice to the Borrowers
from the Administrative Agent, Commitment Fee Level 3 shall apply (in the case of clause (i), as of the first Business Day after
the date on which such Compliance Certificate was required to have been delivered, and such Commitment Fee Level shall remain
in effect until the date on which such Compliance Certificate is delivered).


 


For
purposes of the foregoing, the Leverage Ratio shall be determined as of the end of each Fiscal Quarter based upon the Borrowers’
financial statements delivered pursuant to Section 5.1(a) or (b) (as applicable), or, until such financial statements
have been delivered hereunder, based upon the Borrowers’ financial statements delivered pursuant to Section 5.1(a)
or (b) (as applicable) of the Existing Credit Agreement. The calculation of Leverage Ratio shall be subject in all respects
to Section 1.6.


 


For
the avoidance of doubt, on the Closing Date, the Commitment Fee Level shall be Commitment Fee Level 1.


 


“Compliance
Certificate” means a Compliance Certificate executed and delivered by an Authorized Representative of Borrowers substantially
in the form of Exhibit C-2, with such amendments or modifications as may be approved by Administrative Agent and Borrowers.


 


“Connection
Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that
are franchise Taxes or branch profits Taxes.


 


“Contractual
Obligation” means, as applied to any Person, any provision of any Security issued by that Person or of any indenture,
mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or
any of its properties is bound or to which it or any of its properties is subject.


 


“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a
Person, whether through the ability to exercise voting power, by contract or otherwise.


 


“Conversion/Continuation
Date” means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation
Notice.


 


“Conversion/Continuation
Notice” means, as the context may require, a Conversion/Continuation Notice substantially in the form of Exhibit A-2-A
or Exhibit A-2-B.


 






    
	 	-12-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Counterpart
Agreement” means a Counterpart Agreement substantially in the form of Exhibit H delivered by a Restricted
Subsidiary of a Borrower pursuant to Section 5.9.


 


“Covered
Parties” as defined in Section 10.28.


 


 “Credit Date” means the date of a Credit Extension.


 


“Credit Document”
means any of this Agreement, the Notes, (if any), the Subordination Agreements (if any), the Collateral Documents, any Letter
of Credit Applications or reimbursement agreements or other documents or certificates requested by an LC Issuing Bank executed
by Borrowers in favor of an LC Issuing Bank relating to Letters of Credit, and all other certificates, instruments or agreements
executed and delivered by a Credit Party for the benefit of any Agent, any LC Issuing Bank or any Lender in connection herewith.


 


“Credit Extension”
means (a) the making (but not the conversion or continuation) of a Revolving Loan, Swingline Loan or Incremental Term Loan, (b)
the issuance, amendment, extension or renewal of a Letter of Credit (other than Auto-Extension Letters of Credit that renew in
accordance with their terms) or (c) any increase in the Revolving Commitments.


 


“Credit Facility”
means a Revolving Credit Facility, an Incremental Term Loan Facility, an Extended Facility or a Refinancing Facility, as the context
may require.


 


“Credit Party”
means Borrowers, each Restricted Holding Company Subsidiary and each Guarantor.


 


 “Cure Amount” as defined in Section 8.2.


 


“Cure Period”
as defined in Section 8.2.


 


“Cure Right”
as defined in Section 8.2.


 


“Debtor Relief Laws” means the Bankruptcy Code, the Canadian Insolvency Legislation and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization,
or similar debtor relief Governmental Rules of the United States, Canada or other applicable jurisdictions from time to time in
effect.


 


“Default”
means a condition or event that, after notice or lapse of time or both, would constitute an Event of Default.


 


“Defaulting
Lender” means, as of a specified date and subject to Section 2.20(b), any Lender that (a) has failed to
(i) fund all or any portion of its Revolving Loans within two (2) Business Days of the date such Revolving Loans were
required to be funded hereunder unless such Lender notifies Administrative Agent and Borrowers in writing that such failure is
the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent,
together with any applicable default shall be specifically identified in such writing) has not been satisfied, or (ii) pay
to Administrative Agent, any LC Issuing Bank or any other Lender any other amount required to be paid by it hereunder (including
in respect of its


 






    
	 	-13-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


participation
in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified (without
having subsequently withdrawn such notice) Borrowers, Administrative Agent, any LC Issuing Bank or any other Lender in writing
that it does not intend to comply with its funding obligations hereunder (unless such notice relates to such Lenders’ obligation
to fund a Revolving Loan hereunder and states that such position is based on such Lender’s determination that a condition
precedent to funding (which condition precedent, together with any applicable default shall be specifically identified in such
writing or public statement) has not been satisfied), (c) has (i) become the subject of a proceeding under any Debtor Relief Law,
(ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation
or any other state, provincial or federal regulatory authority acting in such a capacity, or (iii) taken any action in furtherance
of, or indicating its consent to or acquiescence in, any such proceeding or appointment, (d) (i) admits in writing its inability
to pay its debts as they become due, or (ii) makes a general assignment for the benefit of its creditors, or
(e) becomes (or any parent company thereof has become) the subject of a Bail-In Action; provided that no Lender shall be deemed
to be a Defaulting Lender solely by virtue of the ownership or acquisition of any Capital Stock in such Lender or its parent by
any Governmental Authority; provided that such action does not result in or provide such Lender with immunity from the jurisdiction
of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender
(or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contract or agreement to which such Lender is
a party. Any determination by Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses
(a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting
Lender (subject to Section 2.20(b)) upon delivery of written notice of such determination to Borrowers, each LC Issuing
Bank and each Lender.


 


“Default
Rate” means (a) with respect to the principal of a Loan, an interest rate equal to (i) the Base Rate, Canadian Prime
Rate, CDOR Rate or the Eurodollar Rate (as applicable to such Loan), plus (ii) the Applicable Margin applicable to such
Loan, plus (iii) 2.00% and (b) with respect to any Obligation not referred to in clause (a), (i) the Base Rate or Canadian
Prime Rate (as applicable), plus (ii) the Applicable Margin applicable to Base Rate Loans or Canadian Prime Rate Loans
(as applicable), plus (iii) 2.00%.


 


“Deposit
Account” means any demand, time, savings, passbook or like account, which if owned by a Grantor is in compliance with
the terms of the applicable Collateral Document with respect to perfection of the Collateral Agent security interest therein.


 


“Designated
Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject of any
Sanction.


 


“Disqualified
Stock” means, with respect to any Person, any Capital Stock of such Person that by its terms (or by the terms of any
security into which it is convertible or for which it is exchangeable) or upon the happening of any event: (a) matures or is mandatorily


 






    
	 	-14-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


redeemable
pursuant to a sinking fund obligation or otherwise prior to the 91st date prior to the latest Revolving Loan Termination Date
in effect at such time of issuance; (b) is convertible or exchangeable for Indebtedness or Disqualified Stock (excluding Capital
Stock which is convertible or exchangeable solely at the option of either Borrower or convertible into or exchangeable for Qualified
Stock) on or prior to the 91st date prior to the latest Revolving Loan Termination Date in effect at such time of issuance; (c)
is redeemable at the option of the holder of the Capital Stock in whole or in part on or prior to the 91st date prior to the latest
Revolving Loan Termination Date in effect at such time of issuance (excluding customary put rights upon a change of control) or
(d) requires the payment of any cash dividend or any other scheduled payment constituting a return of capital (other than payments
solely consisting of Qualified Stock) on or prior to the 91st date prior to the latest Revolving Loan Termination Date in effect
at such time of issuance.


 


“Disregarded
US Subsidiary” means any US Subsidiary (a) that has no material assets other than Capital Stock or Indebtedness of one
or more Subsidiaries that are Japan Subsidiaries and other incidental assets related thereto (including other interests in Japanese
Projects) or (b) that has no material assets other than Capital Stock or Indebtedness of one or more Subsidiaries that are Japan
Subsidiaries or one or more Disregarded US Subsidiaries and other incidental assets related thereto (including other interests
in Japanese Projects).


 


“Documentation
Agent” as defined in the preamble hereto.


 


“Dollar Equivalent”
means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated
in Canadian Dollars, the equivalent amount thereof in Dollars as determined by Administrative Agent or an LC Issuing Bank, as
the case may be, using the Spot Rate at such time for the purchase of Dollars with Canadian Dollars.


 


“Dollars”
and the sign “$” mean the lawful money of the United States of America.


 


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


 


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


 


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


 


“Eligible
Assignee” means (a) any Lender, Affiliate of any Lender or Approved Fund; provided that, in the case of
an Approved Fund, for purposes of the assignment or establishment of Revolving Loans or Revolving Commitments, (i) the Revolving
Commitments have expired or been terminated, and (ii) all Letters of Credit have been cancelled or have expired or have


 






    
	 	-15-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


been
Cash Collateralized in a maximum amount equal to not less than one hundred two percent (102%) of the face amount of such Letter
of Credit on such date, (b) any Acceptable Bank that is an “accredited investor” (as defined in Regulation D
under the Securities Act) and which extends credit or buys loans in the ordinary course; provided such Person extends credit
on a revolving basis as one of its businesses, (c) any other lender approved in writing by the Borrowers or (d) (i) with respect
to Assignments executed in accordance with section 10.6(c), at any time when an Event of Default pursuant to Sections 8.1(a) has
occurred and is continuing, or (ii) with respect to Participations executed in accordance with section 10.6(f), at any time when
an Event of Default pursuant to Sections 8.1(a), (f) or (g) has occurred and is continuing, any bank, trust company or other financial
institution; provided, further, that no natural person, Defaulting Lender, Borrower, Pledgor, Sponsor nor any Affiliate of Borrowers
shall be an Eligible Assignee (including a participant) of Revolving Loans.


 


“Employee
Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA that is sponsored,
maintained or contributed to by, or required to be contributed to by, Borrowers or any of their Subsidiaries.


 


“Energy Project”
means a wind, natural gas, solar (including distributed residential, commercial and industrial), transmission, energy storage
or other similar power asset or project.


 


“Engagement
Letter” means that certain Senior Secured Credit Facility Engagement Letter by and among the Borrowers and Royal Bank
dated as of October 7, 2014.


 


“Environmental
Claim” means any notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive
by or before any Governmental Authority or in written form by any other Person arising (a) pursuant to or in connection with
any actual or alleged violation of or failure to comply with any Environmental Law; (b) in connection with any Release or
threatened Release of, or exposure to, Hazardous Material; (c) in connection with any actual or alleged damage, injury, threat
or harm to health, safety, natural resources, wildlife or the environment; or (d) otherwise in connection with any Environmental
Liability.


 


“Environmental
Laws” means any and all current or future foreign or domestic, federal, regional, provincial, state or local (or any
subdivision of either of them) Governmental Rules relating to (a) environmental matters, including those relating to pollution
or any Release or threatened Release of Hazardous Materials; (b) the generation, use, storage, transportation, treatment,
processing, removal, remediation or disposal of, or exposure to, Hazardous Materials; or (c) the protection of natural resources,
wildlife or the environment, in any manner applicable to Borrowers or any of their Subsidiaries or any Project.


 


“Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental
remediation, fines, penalties or indemnities) of Borrowers or any of their Subsidiaries directly or indirectly resulting from
or based upon (a) any violation of or failure to comply with any Environmental Law; (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials; (c) exposure to any Hazardous Materials; (d) the
Release or threatened Release of any Hazardous Materials; (e) any actual or alleged damage, injury, threat or harm to natural
resources, wildlife or the environment


 






    
	 	-16-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


or
(f) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect
to any of the foregoing.


 


“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor thereto.


 


“ERISA Affiliate”
means, as applied to any Person, (a) any corporation which is a member of a controlled group of corporations within the meaning
of Section 414(b) of the Internal Revenue Code of which that Person is a member; (b) any trade or business (whether
or not incorporated) which is a member of a group of trades or businesses under common control within the meaning of Section 414(c)
of the Internal Revenue Code of which that Person is a member; and (c) any member of an affiliated service group within the
meaning of Section 414(m) or (o) of the Internal Revenue Code of which that Person, any corporation described in clause (a)
above or any trade or business described in clause (b) above is a member. Any former ERISA Affiliate of Borrowers or any
of their Subsidiaries shall continue to be considered an ERISA Affiliate of Borrowers or any such Subsidiary within the meaning
of this definition with respect to the period such entity was an ERISA Affiliate of Borrowers or such Subsidiary and with respect
to liabilities arising after such period for which Borrowers or such Subsidiary could be liable under the Internal Revenue Code
or ERISA.


 


“ERISA Event”
means (a) a “reportable event” within the meaning of Section 4043 of ERISA and the regulations issued thereunder
with respect to any Pension Plan (excluding those for which the provision for thirty (30) day notice to the PBGC has been
waived by regulation); (b) the failure to meet the minimum funding standard of Section 412 of the Internal Revenue Code
or Section 302 of ERISA with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of
the Internal Revenue Code or Section 302(c) of ERISA) or the failure to make by its due date a required installment under
Section 430(j) of the Internal Revenue Code with respect to any Pension Plan or the failure to make any required contribution
to a Multiemployer Plan; (c) the provision by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of
ERISA of a notice of intent to terminate such plan in a distress termination described in Section 4041(c) of ERISA; (d) the
withdrawal by Borrowers, any of their Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two
or more contributing sponsors or the termination of any such Pension Plan resulting in liability to Borrowers, any of their Subsidiaries
or any of their respective Affiliates pursuant to Section 4063 or 4064 of ERISA; (e) the institution by the PBGC
of proceedings to terminate any Pension Plan, or the occurrence of any event or condition which might constitute grounds under
ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (f) the imposition of liability
on Borrowers, any of their Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069
of ERISA or by reason of the application of Section 4212(c) of ERISA; (g) the withdrawal of Borrowers, any of their
Subsidiaries or any of their respective ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203
and 4205 of ERISA) from any Multiemployer Plan, if there is any potential material liability therefor, or the receipt by
Borrowers, any of their Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer Plan that it
is insolvent pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section
4042 of ERISA; (h) the occurrence of an act or omission which could give rise to the imposition on Borrowers or any of their
Subsidiaries of fines, penalties, taxes or related charges under Chapter 43 of the


 






    
	 	-17-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


Internal
Revenue Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any
Employee Benefit Plan; (i) the assertion of a material claim (other than routine claims for benefits) against any Employee
Benefit Plan other than a Multiemployer Plan or the assets thereof, or against Borrowers, any of their Subsidiaries in connection
with any Employee Benefit Plan; (j) receipt from the IRS of notice of the failure of any Pension Plan (or any other Employee
Benefit Plan intended to be qualified under Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a)
of the Internal Revenue Code, or the failure of any trust forming part of any Pension Plan (or any other Employee Benefit Plan)
to qualify for exemption from taxation under Section 501(a) of the Internal Revenue Code; (k) the imposition of a Lien
pursuant to Section 430(k) of the Internal Revenue Code or pursuant to ERISA with respect to any Pension Plan; or (l) the
determination that any Pension Plan is considered an at-risk plan or any Multiemployer Plan is in endangered or critical status
within the meaning of Sections 430, 431 and 432 of the Internal Revenue Code or Sections 303, 304 and 305
of ERISA.


 


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


 


“Eurodollar
Rate” means, with respect to an Interest Period for a Eurodollar Rate Loan, the rate per annum equal to (a) the
rate per annum equal to the rate determined by Administrative Agent to be the London interbank offered rate administered by the
ICE Benchmark Administration (or any other person which takes over the administration of that rate) for deposits (for delivery
on the first day of such period) with a term equivalent to such period in Dollars displayed on the ICE LIBOR USD page of the Reuters
Screen (or any replacement Reuters page which displays that rate) or on the appropriate page of such other information service
which publishes that rate from time to time in place of Reuters, determined as of approximately 11:00 a.m. (London, England time)
on the applicable Interest Rate Determination Date, or (b) in the event the rate referenced in the preceding clause (a)
does not appear on such page or services or if such page or services shall cease to be available, the rate per annum determined
by Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same
day funds in the approximate amount of the Eurodollar Rate Loan being made, continued or converted and with a term equivalent
to such Interest Period would be offered by Administrative Agent’s London Branch to major banks in the London interbank
Eurodollar market at their request on such Interest Rate Determination Date; provided that if the rate determined above
shall ever be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. If at any time the Required
Lenders determine (which determination shall be conclusive absent manifest error) that the Eurodollar Rate shall cease to exist,
then the Required Lenders and the Borrower shall endeavor to establish an alternate rate of interest to the Eurodollar Rate that
gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the
United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and
such other related changes to this Agreement as may be applicable.


 


“Eurodollar
Rate Loan” means a Loan bearing interest at a rate determined by reference to the Eurodollar Rate. Eurodollar Rate Loans
may be denominated in Dollars only.


 






    
	 	-18-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Event of
Abandonment” means an Abandonment with respect to Projects accounting for thirty percent (30%) or more of Available
Cash during the most recently completed Measurement Period.


 


“Event of
Default” means each of the conditions or events set forth in Section 8.1.


 


“Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute.


 


“Excluded
Taxes” means any of the following Taxes imposed on or with respect to a Beneficiary or required to be withheld or deducted
from a payment to a Beneficiary, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and Taxes
on branch profits and similar Taxes, in each case, (i) imposed as a result of such Beneficiary being organized under the Governmental
Rules of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction
imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) withholding Taxes imposed
on amounts payable to or for the account of such Beneficiary pursuant to a Governmental Rule in effect on the date on which (i)
such Beneficiary becomes a party hereto (or in the case of a Lender, acquires the applicable interest in a Loan or Commitment)
(other than pursuant to an assignment request by any Borrower under Section 2.21) or (ii) in the case of a Lender, such
Lender changes its lending office, except in each case with respect to a Lender to the extent that, pursuant to Section 2.18,
amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a
party hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Beneficiary’s
failure to comply with Section 2.18(g) or (d) any withholding Taxes imposed pursuant to FATCA.


 


“Existing
Class” as defined in Section 2.23(a).


 


“Existing
Credit Agreement” as defined in the recitals.


 


“Existing
Commitments” means, as applicable, any Existing Revolving Commitments or Existing Incremental Term Loan Commitments.


 


“Existing
Incremental Term Loans” as defined in Section 2.23(c)(i).


 


“Existing
Incremental Term Loan Commitments” as defined in Section 2.23(c)(i).


 


“Existing
Letters of Credit” means the Letters of Credit listed on Schedule 1.1(a) hereto.


 


“Existing
Loans” means, as applicable, any Existing Revolving Loans or Existing Incremental Term Loans.


 


“Existing
Revolving Commitments” as defined in Section 2.23(c)(i).


 


“Existing
Revolving Loans” as defined in Section 2.23(c)(i).


 






    
	 	-19-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Extended
Commitments” means, as applicable, any Extended Revolving Commitments or Extended Incremental Term Loan Commitments.


 


“Extended
Facility” means, at any time, as the context may require, the aggregate amount of the Lenders’ Extended Commitments
of Extended Loans of a given Class at such time and, in each case, but without duplication, the Credit Extensions made thereunder.


 


“Extended
Incremental Term Loans” as defined in Section 2.23(c)(i).


 


“Extended
Incremental Term Loan Commitments” as defined in Section 2.23(c)(i).


 


“Extended
Loans” means, as applicable, any Extended Revolving Loans or Extended Incremental Term Loans.


 


“Extended
Maturity Date” as defined in Section 2.23(a).


 


“Extended
Revolving Commitments” as defined in Section 2.23(c)(i).


 


“Extended
Revolving Loans” as defined in Section 2.23(c)(i).


 


“Extension”
as defined in Section 2.23(a).


 


“Extension
Amendments” as defined in Section 2.23(d).


 


“Extension
Offer” as defined in Section 2.23(a).


 


“Facility”
means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore
owned, leased, operated or used by Borrowers or their Restricted Subsidiaries or any of their respective predecessors or Affiliates.


 


“FATCA”
means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with), any current or future Treasury Regulations
or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code,
any intergovernmental agreements entered into in connection with the implementation of such current Sections of the Internal Revenue
Code (or any such amended or successor version described above), and any laws, fiscal or regulatory legislation, rules, guidance
notes and practices adopted to implement the foregoing.


 


“Federal
Funds Effective Rate” means for any day, the rate per annum (expressed, as a decimal, rounded upwards, if necessary,
to the next higher 1/100 of  one percent (0.01%) equal to the weighted average of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal
Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business
Day, the Federal Funds Effective Rate for such day shall be such rate on such transactions on the next preceding Business Day
as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business
Day, the Federal Funds Effective Rate for such day shall be the average (rounded


 






    
	 	-20-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


upwards,
if necessary, to a whole multiple of 1/100 of  one percent (0.01%)) charged to Administrative Agent on such day on such
transactions as determined by Administrative Agent.


 


“Fee Letter”
means that certain Senior Secured Credit Facility Fee Letter by and among the Borrowers and Royal Bank dated as of October 7,
2014.


 


“First Priority”
means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that no other Liens,
except Permitted Liens or except to the extent provided by Governmental Rules (other than common law), are senior in right of
payment or priority to such Liens.


 


“Fiscal Quarter”
means a fiscal quarter of any Fiscal Year.


 


“Fiscal Year”
means the fiscal year of Borrowers and their respective Restricted Subsidiaries, which as of the Closing Date ends on December 31
of each calendar year. Borrowers and their respective Restricted Subsidiaries may change any Fiscal Year at any time; provided
that they furnish annual financial statements pursuant to Section 5.1(b) at least one time per twelve (12) month period
and, in the initial annual financial statements delivered in the year following the change in Fiscal Year, reconciliation statements
provided for in Section 5.1(d).


 


“Fitch”
means Fitch Investor’s Service, Inc. and any successor thereto.


 


“Foreign
Subsidiary” means a Subsidiary of a Borrower that is neither a Canadian Subsidiary nor a US Subsidiary.


 


“Fronting
Exposure” means (a) with respect to any LC Issuing Bank, the Defaulting Lender’s Pro Rata Share of all L/C Obligations
with respect to any Letters of Credit issued by such LC Issuing Bank (except in such cases where the LC Issuing Bank or an Affiliate
of such LC Issuing Bank is also a Defaulting Lender with respect to Letters of Credit it issues hereunder) other than L/C Obligations
as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized
in accordance with the terms hereof and (b) with respect to the Swingline Lender, the Defaulting Lender’s Pro Rata Share
of outstanding Swingline Loans made by the Swingline Lender, other than Swingline Loans as to which such Defaulting Lender’s
participation obligation has been reallocated to other Lenders.


 


“FSHCO”
means any Subsidiary, in the good faith determination of the Sponsor, substantially all of the assets of which constitute the
equity or indebtedness of CFCs (or other FSHCOs).


 


“Fund”
means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing
in commercial loans and similar extensions of credit in the ordinary course of its activities.


 


“GAAP”
means, subject to the limitations on the application thereof and requirement to consolidate in GAAP applicable in the United States
as set forth in Section 1.2, (a) in respect of any Person organized under the Governmental Rules of the United States
or a state thereof, Canada Borrower and the Canada Restricted Holding Company Subsidiaries, United States generally accepted accounting
principles in effect as of the date of determination thereof (“US


 






    
	 	-21-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


GAAP”),
(b) except for Canada Borrower and the Canada Restricted Holding Company Subsidiaries, in respect of any Person organized under
the Governmental Rules of Canada or a province or territory thereof generally accepted accounting principles in effect from time
to time in Canada, being those accounting principles set forth in the CPA Canada Handbook or other official record of accounting
principles in Canada from time to time published by the Institute of Chartered Accountants in Canada, including International
Financial Reporting Standards (IFRS) then in effect and generally accepted in Canada and adopted or required to have been adopted,
as consistently applied, and (c) in respect of any Person organized under the Governmental Rules of a jurisdiction other than
as provided in clauses (a) and (b), generally accepted accounting principles in the jurisdiction of such Person’s organization.


 


“Governmental
Authority” means any foreign or domestic, federal, regional, provincial, state, municipal, local, national or other
government, governmental ministry or department, commission, board, bureau, court, agency or instrumentality, political subdivision
or any entity or officer thereof exercising executive, legislative, judicial, taxing, regulatory or administrative functions of
any government or any court.


 


“Governmental
Authorization” means any permit, license, authorization, certification, approval, registration, plan, directive, consent
order or consent decree of, from or issued by any Governmental Authority.


 


“Governmental
Rule” means any applicable statute, law (including Environmental Law), regulation, by-law, ordinance, rule, treaty,
judgment, order, decree, Governmental Authorization, concession, grant, franchise, agreement, requirement of, or other governmental
restriction or any binding decision of or determination by, or any binding interpretation or administration of any of the foregoing
by, any Governmental Authority, including all common law, whether now or hereafter in effect.


 


“Grantor”
as defined in the US Pledge and Security Agreement or the Canada Pledge and Security Agreement, as the case may be.


 


“Guaranteed
Obligations” as defined in Section 7.1.


 


“Guarantor”
as defined in Section 7.11.


 


“Guaranty”
means the guaranty of each Guarantor set forth in Section 7.


 


“Hazardous
Materials” means any explosive, radioactive, hazardous or toxic chemicals, materials, substances or wastes, contaminants
or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated
biphenyls, radon gas, infectious or medical wastes and all other materials, substances or wastes of any nature prohibited, limited
or regulated by any Governmental Authority due to their actual or potential adverse impact to the indoor or outdoor environment.


 


“Hedge Agreements”
means all interest rate or currency swaps, caps or collar agreements, foreign exchange agreements, commodity contracts or similar
arrangements providing for protection against fluctuations in interest rates, currency exchange rates,


 






    
	 	-22-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


commodity
prices or the exchange of nominal interest obligations, either generally or under specific contingencies.


 


“Highest
Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from time to time may be contracted
for, charged, or received under the Governmental Rules applicable to any Lender which are presently in effect or, to the extent
allowed by Governmental Rules, under such applicable Governmental Rules which may hereafter be in effect and which allow a higher
maximum nonusurious interest rate than applicable Governmental Rules now allow.


 


“Historical
Financial Statements” means as of the Closing Date, and to the extent available (a)  the audited financial statements
of Sponsor for the Fiscal Years 2015 and 2016, the Borrowers, for the Fiscal Years 2015 and 2016, in each case consisting of balance
sheet and the related statements of income, stockholders’ equity and cash flows for such Fiscal Years and (b) the unaudited
financial statements of the Sponsor and the Borrowers, as at the most recently ended Fiscal Quarter ending after the date of the
most recent financial statements referenced in clause (a) hereof and more than forty-five (45) days prior to the Closing
Date, consisting of a balance sheet and the related statements of income, stockholders’ equity and cash flows for the three-(3),
six-(6) or nine-(9) month period, as applicable, ending on such date.


 


“Honor Date”
as defined in Section 2.3(c)(i).


 


“Increased
Amount Date” as defined in Section 2.22(a).


 


“Increased
Commitments” as defined in Section 2.22(a).


 


“Increased
Commitment Lender” as defined in Section 2.22(b).


 


“Increased-Cost
Lender” as defined in Section 2.21.


 


“Incremental
Amendment” means an amendment to this Agreement, executed by the Borrower and each Incremental Term Loan Lender or Increased
Commitment Lender (as applicable) providing Incremental Term Loan Commitments or Increased Commitments (as applicable), and the
Administrative Agent.


 


“Incremental
Equivalent Debt” as defined in Section 6.1(f).


 


“Incremental
Facilities” as defined in Section 2.22(a).


 


“Incremental
Term Loan” as defined in Section 2.22(e).


 


“Incremental
Term Loan Commitments” as defined in Section 2.22(a).


 


“Incremental
Term Loan Exposure” means, with respect to any Incremental Term Loan Lender, as of any date of determination, without
duplication, the sum of (i) the aggregate amount of such Incremental Term Loan Lender’s Incremental Term Loan Commitments
(to the extent not terminated) and (ii) the aggregate principal amount outstanding of such Incremental Term Loan Lender’s
Incremental Term Loans.


 






    
	 	-23-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Incremental
Term Loan Facility” means, at any time, the aggregate amount of the Incremental Term Loan Lenders’ Incremental
Term Loan Commitments of a given Series at such time.


 


“Incremental
Term Loan Lender” as defined in Section 2.22(b).


 


“Indebtedness”
means, as applied to any Person, without duplication, (a) all indebtedness for borrowed money; (b) that portion of obligations
with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP; (c) notes
payable and drafts accepted representing extensions of credit whether or not representing obligations for borrowed money; (d)
any obligation owed for all or any part of the deferred purchase price of property or services (excluding trade payables incurred
in the ordinary course of business, having a term of less than ninety (90) days and paid in accordance with customary trade practices);
(e) all indebtedness secured by any Lien on any property or asset owned or held by that Person regardless of whether the indebtedness
secured thereby shall have been assumed by that Person or is nonrecourse to the credit of that Person; (f) the face amount of
any letter of credit issued for the account of that Person or as to which that Person is otherwise liable for reimbursement of
drawings (but only to the extent such Letter of Credit has not been Cash Collateralized); and (g) the direct or indirect payment
or performance guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making,
discounting with recourse or sale with recourse by such Person of the obligation of another with respect to indebtedness set out
in clauses (a) through (f) above; provided that the amount of Indebtedness of any Person for purposes of clause (e)
shall be deemed to be equal to the lesser of (A) the aggregate unpaid amount of such Indebtedness (or such lesser amount of
maximum liability as is expressly provided for under the documentation pursuant to which the respective Lien is granted) and (B)
the fair market value of the property encumbered thereby as determined by such Person in good faith.


 


“Indemnified
Liabilities” means, collectively, any and all liabilities (including Environmental Liabilities), obligations, losses,
damages (including natural resource damages), penalties, claims (including Environmental Claims), reasonable out-of-pocket costs
(including costs related to any Remedial Action), and reasonable out-of-pocket expenses of any kind or nature whatsoever (including
the reasonable fees and disbursements of counsel for Indemnitees in connection with any investigative, administrative or judicial
proceeding commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential
party thereto, and any fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect or consequential
and whether based on any federal, state or foreign Governmental Rules or equitable cause or on contract or otherwise, that may
be imposed on or incurred by any such Indemnitee, in any manner relating to or arising out of (a) this Agreement or the other
Credit Documents or the transactions contemplated hereby or thereby (including the Lenders’ agreement to make the Credit
Extensions or the use or intended use of the proceeds thereof, or any enforcement of any of the Credit Documents (including any
sale of, collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty)); (b) any Revolving
Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an LC Issuing Bank to
honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not comply with
the terms of such Letter of Credit); (c) any actual or prospective claim, litigation,


 






    
	 	-24-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


investigation
or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third
party or by any Credit Party, and regardless of whether any Indemnitee is a party thereto, IN ALL CASES, WHETHER OR NOT CAUSED
BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; or (d) any Environmental
Claim, any Environmental Liability or any actual or alleged presence or Release or threatened Release of Hazardous Materials,
in each case of this clause (d) related in any way to any Facility or to Borrowers or any of their Affiliates, including those
arising from any past or present activity, operation, land ownership, or practice of Borrowers or any of their Affiliates.


 


“Indemnified
Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of
any obligation of any Credit Party under any Credit Document and (b) to the extent not otherwise described in (a), Other Taxes.


 


“Indemnitee”
as defined in Section 10.3(a).


 


“Information”
as defined in Section 10.28.


 


“Interest
Coverage Ratio” means, for any Measurement Period, the ratio of (a) Borrower Cash Flow for such Measurement Period
to (b) Borrower Interest Expense for such Measurement Period.


 


“Interest
Payment Date” means with respect to (a) any Base Rate Loan or Canadian Prime Rate Loan, each March 31, June 30,
September 30 and December 31 of each year, commencing on the first such date to occur after the Closing Date and the
final maturity date of such Loan; and (b) any Eurodollar Rate Loan or CDOR Loan, the last day of each Interest Period applicable
to such Loan and the final maturity date of such Loan; provided, in the case of each Interest Period of longer than three
(3) months “Interest Payment Date” shall also include each date that is three (3) months, or an integral multiple
thereof, after the commencement of such Interest Period.


 


“Interest
Period” means, in connection with a Eurodollar Rate Loan or CDOR Loan, an interest period of one- (1), two- (2), three-
(3) or six- (6) months, as selected by Borrowers in the applicable Borrowing Notice And Certificate or Conversion/Continuation
Notice, (a) initially, commencing on the Credit Date or Conversion/Continuation Date thereof, as the case may be; and (b) thereafter,
commencing on the day on which the immediately preceding Interest Period expires; provided (1) if an Interest Period
would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business
Day unless no further Business Day occurs in such month, in which case such Interest Period shall expire on the immediately preceding
Business Day; (2) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there
is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (3)
of this definition, end on the last Business Day of a calendar month; and (3) no Interest Period with respect to any portion
of the Revolving Loans shall extend beyond the Revolving Commitment Termination Date. Notwithstanding the foregoing, Borrowers
may request irregular Interest Periods with a duration other than a one- (1), two- (2), three- (3) or six- (6) month Interest
Period in order to consolidate outstanding Interest Periods and payment dates. Upon receipt of a Borrowing Notice


 






    
	 	-25-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


And
Certificate or Conversion/Continuation Notice from Borrowers which includes a request for such an irregular Interest Period, the
Administrative Agent and Lenders shall use commercially reasonable efforts to provide Borrowers with such irregular Interest Period
as long as such Interest Period does not exceed the Revolving Commitment Termination Date and is available to Lenders in the applicable
interbank market, in the reasonable judgment of the Administrative Agent and the Lenders.


 


“Interest
Rate Determination Date” means, with respect to any Interest Period, the date that is two (2) Business Days prior
to the first day of such Interest Period.


 


“Internal
Revenue Code” means the Internal Revenue Code of 1986, as amended to the Closing Date and from time to time thereafter,
and any successor statute.


 


“Internally
Generated Cash” means Cash that is recurring or reasonably expected to recur and generated in the ordinary course of
operations or business of a Restricted Operating Company Subsidiary or Permitted Minority Investment Company.


 


“Intralinks”
means the online digital workspace owned by Intralinks, Inc., which provides for the exchange of documents and other information
over the internet and to which the Secured Parties are granted access (and any other service performing substantially the same
function which is reasonably satisfactory to Administrative Agent and, so long as no Default or Event of Default shall have occurred
and be continuing, the Borrowers and agreed to be treated as “Intralinks” for purposes of this Agreement).


 


“Investment”
means (a) any direct or indirect purchase or other acquisition by Borrowers or any of their Restricted Subsidiaries of, or
of a beneficial interest in, any of the Securities of any other Person (other than Borrowers or another Restricted Subsidiary);
(b) any direct or indirect redemption, retirement, purchase or other acquisition for value, by any Restricted Subsidiary
or Borrowers from any Person (other than Borrowers or any Restricted Subsidiary), of any Capital Stock of such Person; and (c) any
direct or indirect loan, advance (other than advances to employees for moving, relocation, business, entertainment and travel
expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contribution by Borrowers or
any of their Restricted Subsidiaries to any other Person (other than Borrowers or any Restricted Subsidiary), including Permitted
Project Acquisitions and all Indebtedness and accounts receivable from that other Person but only to the extent that the same
are not current assets or did not arise from sales to that other Person in the ordinary course of business. The amount of any
Investment shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases
or decreases in value, or write-ups, write-downs or write-offs with respect to such Investment.


 


“IRS”
means the United States Internal Revenue Service.


 


“ISP”
means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute
of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance).


 


“ITA”
means the Income Tax Act (Canada), as amended from time to time and any successor thereto.


 






    
	 	-26-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Japan Subsidiary”
means a Subsidiary of a Borrower organized under the laws of the Governmental Rules of Japan.


 


“Joint Bookrunners”
means Royal Bank Of Canada, Acting Through Its New York Branch, Bank of Montreal, Chicago Branch, Morgan Stanley
Senior Funding, Inc., Citibank, N.A., Bank of America, N.A., Keybank National Association, MUFG Union
Bank, N.A., Sumitomo Mitsui Banking Corporation, Société Générale, Goldman Sachs Bank USA and Wells
Fargo Securities, LLA.


 


“Joint
Venture” means a joint venture, partnership or other similar arrangement, whether in partnership or other legal form.


 


“Judgment
Currency” as defined in Section 10.24.


 


“Latest Maturity
Date” means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Revolving
Commitment hereunder at such time.


 


“L/C Advance”
means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its
Pro Rata Share. L/C Advances shall be denominated in Dollars or Canadian Dollars (as applicable).


 


“L/C Borrowing”
means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when
made or refinanced as a Revolving Loan. All L/C Borrowings shall be denominated in Dollars or Canadian Dollars, as applicable.


 


“L/C Obligation”
means, as of any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit as
of such date of determination plus the aggregate of all Reimbursement Amounts as of such date of determination. For purposes of
computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined
in accordance with Section 1.5. For all purposes of this Agreement, if on any date of determination a Letter of Credit
has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such
Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.


 


“L/C Sublimit”
means no more than the Revolving Commitments based upon the Dollar Equivalent for the stated amount of all Letters of Credit issued
and outstanding at such time.


 


“LC Issuer
Documents” means with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement
and instrument entered into by any LC Issuing Bank and US Borrower or in favor of such LC Issuing Bank and relating to such Letter
of Credit.


 


“LC Issuing
Banks” means, collectively, the (i) banks or financial institutions listed as such on Appendix A or in the applicable
Assignment Agreement (as such Appendix A may be amended from time to time) (together with their respective permitted successors
and assigns in such capacity) and (ii) the issuing banks or financial institutions with respect to all Existing Letters of Credit.
As of the Closing Date, each of Royal Bank, Bank of Montreal, Chicago


 






    
	 	-27-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 



Branch, Morgan Stanley Bank, N.A., Bank of America, N.A. and Citibank, N.A. shall be an LC
Issuing Bank.


 


“Lender”
means each financial institution with a Revolving Commitment listed on the signature pages hereto as a Lender and any other Person
that becomes a party hereto pursuant to an Assignment Agreement, an Incremental Amendment or a Refinancing Amendment. Unless the
context otherwise requires, the term “Lender” includes the Swingline Lender.


 


“Lender Sublimit”
means, with respect to each Lender, the amount obtained by multiplying (a) such Lender’s Pro Rata Share by (b) the aggregate
Revolving Commitments of all Lenders then in effect (after giving effect to any availability limitation as of the date of determination).


 


“Letter of
Credit” means a standby letter of credit in substantially the form attached to Exhibit A-3 (or as otherwise agreed
by US Borrower and the applicable LC Issuing Bank) issued or to be issued by an LC Issuing Bank pursuant to Section 2.3
of this Agreement and shall include each Existing Letter of Credit. Letters of Credit may be issued in Dollars or Canadian Dollars,
subject to the L/C Sublimit.


 


“Letter of
Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form
from time to time in use by an LC Issuing Bank.


 


“Letter
of Credit Expiration Date” means the day that is five (5) Business Days prior to the Revolving Commitment Termination
Date.


 


“Letter of
Credit Fees” as defined in Section 2.10(b)(ii).


 


“Leverage
Ratio” means, as of any date of determination, the ratio of (a) Borrower Debt as of such date of determination (and
giving effect to any Credit Extension to Borrowers on such date) to (b) Borrower Cash Flow for the Measurement Period ending immediately
prior to such date of determination.


 


“Lien”
means any lien, mortgage, pledge, collateral assignment, security interest, hypothec, debenture, statutory deemed trust, charge
or encumbrance of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention
agreement, and any lease in the nature thereof) and any option, trust or other preferential arrangement having the practical effect
of any of the foregoing.


 


“Limited
Conditionality Transaction” means any acquisition or Investment not prohibited hereunder by a Borrower or any Restricted
Subsidiary of any assets, business or Person that such Borrower or Restricted Subsidiary is contractually committed (in the good
faith determination of the Borrowers) to consummate (it being understood that such commitment may be subject to conditions precedent,
which conditions precedent may be amended, satisfied or waived in accordance with the terms of the applicable agreement).


 


“Limited
Recourse Collateral” as defined in Section 7.11(a).


 






    
	 	-28-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Loans”
means the loans made by (i) the Revolving Lenders to any Borrower pursuant to this Agreement and any Incremental Amendment in
the form of a Revolving Loan, (ii) the Swingline Lender to any Borrower pursuant to this Agreement in the form of a Swingline
Loan and (iii) the Incremental Term Loan Lenders to any Borrower pursuant to this Agreement and any Incremental Amendment in the
form of an Incremental Term Loan.


 


“Management”
means (a) as of the Closing Date, the individuals who are listed on Schedule 1.1(b) together with their titles and roles,
or (b) after the Closing Date, at least 4 of such individuals; provided that, at all times, the roles listed on Schedule
1.1(b) are filled with qualified individuals employed or engaged in the ordinary course of business.


 


“Margin Stock”
as defined in Regulation U of the Board of Governors of the Federal Reserve System as in effect from time to time.


 


“Material
Adverse Effect” means a material adverse effect on (a) the business, operations, assets, liabilities or condition
(financial or otherwise) of the Credit Parties, taken as a whole, (b) the ability of the Credit Parties, taken as a whole,
to fully and timely perform their respective Obligations, or (c) the material rights, remedies, benefits and the enforceability
and priority of security available to, or conferred upon, the Secured Parties under the Credit Documents.


 


“Measurement
Period” means, with respect to any date, the period of the most recently completed four Fiscal Quarters of the Borrowers
ended on or prior to such date.


 


“Moody’s”
means Moody’s Investor Services, Inc. and any successor thereto.


 


“Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which Borrowers
or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five (5) plan years, has made or been
obligated to make contributions.


 


“Multiple
Employer Plan” means a “single employer plan” as defined in Section 4001(a)(15) of ERISA, which has two
or more contributing sponsors (including Borrowers or any ERISA Affiliate) at least two of whom are not under common control,
as such a plan is described in Section 4064 of ERISA.


 


“Net
Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal to: (a) Cash payments (including any
Cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when
so received) received by Borrowers or any of the Restricted Holding Company Subsidiaries from such Asset Sale, minus (b) any
reasonable costs, fees, commissions, premiums and expenses incurred in connection with such Asset Sale (or if such costs have
not then been incurred or invoiced, Borrowers’ good faith estimate thereof), including (i) income taxes, stamp taxes, other
taxes, duties or gains taxes payable or reasonably estimated to be payable by the seller or by any entity whose tax return includes
the results of such sale either because the seller is a flow-through entity for tax purposes or because the seller is included
in a consolidated tax filing by an upper tier affiliate, as a result of any gain recognized in connection with such Asset Sale,
(ii) payment of the outstanding principal amount of, premium or penalty, if any, and interest, breakage costs or other amounts


 






    
	 	-29-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


payable
on any Indebtedness (other than the Revolving Loans) that is secured by a Lien on the stock or assets in question and that is
required to be repaid under the terms thereof as a result of such Asset Sale, (iii) other taxes actually payable upon or
in connection with the closing of such Asset Sale (including any transfer taxes or taxes on gross receipts), (iv) any taxes
payable or reasonably estimated to be payable in connection with any transactions effected (or deemed effected) to make prepayments
(e.g., taxes payable upon repatriation of funds to Borrowers), and (v) actual, reasonable and documented out-of-pocket fees
and expenses (including legal fees, fees to advisors and severance costs that are due (pursuant to a Contractual Obligation) paid
to Persons other than Borrowers and the Restricted Holding Company Subsidiaries and their respective Affiliates in connection
with such Asset Sale (including fees necessary to obtain any required consents of such Persons to such Asset Sale).


 


“Net Cash
Proceeds” means, in connection with any incurrence or issuance of Indebtedness by Borrowers or any Restricted Holding
Company Subsidiary (other than any incurrence or issuance of Permitted Indebtedness), the cash proceeds received from any such
issuance or incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts
and commissions or other similar payments, and other direct reasonable fees, costs, commissions, stamp taxes, duties, premiums
and expenses actually incurred in connection therewith; provided that if any such commissions, costs or expenses have not
been incurred or invoiced at such time, Borrowers may deduct its good faith estimate thereof to the extent subsequently paid.


 


“Net
Insurance/Condemnation Proceeds” means an amount equal to: (a) any Cash payments or proceeds received by Borrowers
or any Restricted Holding Company Subsidiary (i) under any insurance policy (to the extent constituting compensation for
the loss of assets or property associated with the Projects) occurring after the Closing Date (but excluding any such amounts
used for restoration or repair and excluding any such payments or proceeds received from business interruption insurance) or (ii) as
a result of the taking of any assets of Borrowers or the Restricted Holding Company Subsidiaries by any Person pursuant to the
power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under
threat of such a taking (but excluding any such amounts used for restoration or repair and any such payments or proceeds received
from business interruption insurance), minus (b) (i) any actual and reasonable costs incurred by Borrowers or the Restricted
Holding Company Subsidiaries in connection with the adjustment or settlement of any claims of Borrowers or such Restricted Subsidiary
in respect thereof, (ii) any reasonable costs, fees, commissions, premiums and expenses incurred in connection with any adjustment
or settlement or any such sale as referred to in clause (a)(ii) of this definition, including taxes payable as a result of
any gain recognized in connection therewith and any actual, reasonable and documented out-of-pocket fees and expenses (including
legal fees, fees to advisors and severance costs that are due to Persons other than Borrowers and the Restricted Holding Company
Subsidiaries and their respective Affiliates in connection with such event, and (iii) payment of the outstanding principal amount
of, premium or penalty, if any, and interest, to the extent such Indebtedness is required to be repaid as a result of a loss of
assets or property or a taking of assets referred to in clause (a)(i) or (a)(ii) of this definition, breakage cost or other amounts
payable on any Indebtedness that is secured by a Lien; provided that if any costs, fees or expenses that may be deducted
under this clause (ii) have not been incurred or invoiced at the time of any determination of Net Insurance/Condemnation
Proceeds, Borrowers may deduct its good faith estimate thereof to the


 






    
	 	-30-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


extent
actually subsequently so paid.


 


“New
Restricted Holding Company Subsidiaries” means each Restricted Holding Company Subsidiary identified as such in Exhibit
K.


 


“Non-Consenting
Lender” as defined in Section 2.21.


 


“Non-Defaulting
Lender” means, at any time, each Lender that is not a Defaulting Lender at such time.


 


“Non-Extending
Lender” as defined in Section 2.21.


 


“Non-Extension
Notice Date” as defined in Section 2.3(b)(iv).


 


“Non-Recourse
Parties” as defined in Section 10.26.


 


“Non-Refinanced
Commitments” as defined in Section 2.24.


 


“Non-Refinanced
Loans” as defined in Section 2.24.


 


“Non-US Agent”
means each Agent that is not a US Person.


 


“Non-US
Lender” means each Lender and each LC Issuing Bank that is not a US Person.


 


“Non-Wholly
Owned Subsidiary” means any Subsidiary that is not a Wholly-Owned Subsidiary.


 


“Note”
means a Revolving Loan Note.


 


“Notice”
means a Borrowing Notice And Certificate, an Notice of LC Activity and Certificate, or a Conversion/Continuation Notice.


 


“Notice
of LC Activity and Certificate” means a notice substantially in the form of Exhibit A-3.


 


“Obligations”
means all obligations of every nature of each Credit Party from time to time owed to the Agents (including former Agents), the
Lenders or any of them, the Swingline Lender and the LC Issuing Banks under any Credit Document, whether for principal, interest
(including interest which, but for the filing of a petition in bankruptcy with respect to such Credit Party, would have accrued
on any Obligation, whether or not a claim is allowed against such Credit Party for such interest in the related bankruptcy proceeding),
reimbursement of amounts drawn under Letters of Credit, and payments for fees (including fees related to unused Revolving Commitments
and issued but undrawn Letters of Credit), expenses, indemnification or otherwise.


 


“Obligee
Guarantor” as defined in Section 7.6.


 


“OFAC”
means the Office of Foreign Assets Control of the United States Department of the Treasury.


 






    
	 	-31-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Organizational
Documents” means (a) with respect to any corporation, its certificate or articles of incorporation, organization
or amalgamation, as amended, and its by-laws, as amended, (b) with respect to any limited partnership, its certificate of
limited partnership, as amended, and its partnership agreement, as amended, (c) with respect to any general partnership,
its partnership agreement, as amended, (d) with respect to any limited liability company, its articles of organization, as
amended, and its operating agreement, as amended, and (e) with respect to any unlimited company, its memorandum of association,
as amended, and its articles of association, as amended. In the event any term or condition of this Agreement or any other Credit
Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference
to any such “Organizational Document” shall only be to a document of a type customarily certified by such governmental
official.


 


“Other Connection
Taxes” means, with respect to any Beneficiary, Taxes imposed as a result of a present or former connection between such
Beneficiary and the jurisdiction imposing such Tax (other than connections arising from such Beneficiary having executed, delivered,
become a party to, performed its obligations under, received payments under, received or perfected a security interest under,
engaged in any other transaction pursuant to or enforced any Credit Document, or sold or assigned an interest in any Loan or Credit
Document).


 


“Other Taxes”
means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment
made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security
interest under, or otherwise with respect to, any Credit Document, except any such Taxes that are Other Connection Taxes imposed
with respect to an assignment (other than an assignment made pursuant to Section 2.21).


 


“Overnight
Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate and (b) an overnight rate determined by
Administrative Agent or the LC Issuing Banks, in accordance with banking industry rules on interbank compensation.


 


“Panhandle
B Member 2 Pledge Agreement” means that certain Pledge Agreement, dated as of December 20, 2013, by and among Panhandle
B Member 2 LLC, a Delaware limited liability company, Pattern Panhandle Wind 2 LLC, a Delaware limited liability company, and
Morgan Stanley Capital Group Inc.


 


“Participant
Register” as defined in Section 10.6(f).


 


“PBGC”
means the Pension Benefit Guaranty Corporation or any successor thereto.


 


“PEG LP”
means Pattern Energy Group, LP, a Delaware limited partnership (and any successor thereof).


 


“PEG LP II”
means Pattern Energy Group Holdings 2 LP, a Delaware limited partnership (and any successor thereof).


 


“Pension
Plan” means any employee benefit plan (including a Multiple Employer Plan, but not including a Multiemployer Plan) which
is subject to Title IV of ERISA, Section 412 of the Internal Revenue Code or Section 302 of ERISA which is sponsored,
maintained or


 






    
	 	-32-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


contributed
to by, or required to be contributed to by, Borrowers, any of their Subsidiaries or any of their respective ERISA Affiliates.


 


“Permitted
Indebtedness” as defined in Section 6.1.


 


“Permitted
Investments” means investments in Cash and Cash Equivalents.


 


“Permitted
Liens” means each of the Liens permitted pursuant to Section 6.2.


 


“Permitted
Minority Investment” means any Investment permitted pursuant to the terms of Section 6.5 pursuant to which a
Borrower or Restricted Subsidiary acquires less than the total amount of Capital Stock or other ownership interests in any Person
and after giving effect such Investment, such Person is not a “Subsidiary” of such Borrower or Restricted Subsidiary.


 


“Permitted
Minority Investment Company” means a Person in which a Borrower or Restricted Subsidiary has made a Permitted Minority
Investment.


 


“Permitted
Minority Investment Project” means an Energy Project owned by a Permitted Minority Investment Company.


 


“Permitted
Project Acquisitions” as defined in Section 6.5(i).


 


“Permitted
Project Debt” means (a) all Indebtedness incurred, or permitted to be incurred, by any Restricted Operating Company
Subsidiary or any other Restricted Subsidiary or any Borrower (but, in the case of a Borrower (except as otherwise permitted by
Section 6.1(e)) or a Restricted Subsidiary that is not (x) a Restricted Operating Company Subsidiary or (y) the general
partner of a Restricted Operating Company Subsidiary that was created for the purpose of being such Restricted Operating Company
Subsidiary’s general partner, the recourse of such Indebtedness against assets of such Borrower or such Restricted Subsidiary
shall be limited solely to any pledge by such Borrower or such Restricted Subsidiary of (i) Capital Stock (including tax equity
interests) in a Restricted Operating Company Subsidiary (or other Restricted Subsidiary that is (A) solely in the case of such
pledging Restricted Subsidiary, a direct or indirect parent company or (B) in the case of such Borrower or such pledging Restricted
Subsidiary, the general partner of such Restricted Operating Company Subsidiary) or Permitted Minority Investment Company (or
the general partner of such Permitted Minority Investment Company), and any proceeds thereof, or (ii) intercompany debt) pursuant
to a Project Financing Document, (b) the incurrence by any Restricted Subsidiary or Restricted Subsidiaries of Indebtedness or
Disqualified Stock to finance a dividend, distribution, return of capital or loan to, Investment in or acquisition of, a Borrower
or any Restricted Subsidiary (or Person that upon completion of an acquisition, will become a Restricted Subsidiary); provided
that such amounts are not used (at the time of the incurrence of such Indebtedness, the making of such dividend, distribution,
return of capital, loan or Investment, or at any other time) to make Restricted Payments or an extension of credit (in the form
of Permitted Subordinated Indebtedness or otherwise) to the Sponsor or a Pledgor, and (c) Permitted Refinancings of Permitted
Project Debt set forth in clauses (a) and (b) of this definition.


 






    
	 	-33-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Permitted
Project Liens” means the Liens securing the Permitted Project Debt and any other Liens permitted under the Project Financing
Documents, including the Panhandle B Member 2 Pledge Agreement.


 


“Permitted
Refinancing” means, with respect to any Person, any refinancing, replacement, refunding, renewal or extension of any
Indebtedness of such Person in whole or in part; provided that (a) the principal amount (or accreted value, if applicable)
thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so refinanced, replaced, renewed
or extended except by an amount equal to the sum of any reasonable and customary transaction costs and fees and any premium on
the Indebtedness required to be paid in connection with such refinancing, replacement, renewal or extension unless the increase
in the principal amount of such Indebtedness is permitted under Section 6.1; provided that, such refinancing
shall not exceed one hundred percent (100%) of the Indebtedness so refinanced, plus any applicable premiums, transaction costs,
expenses, fees and interest, plus other amounts to the extent independently permitted to be incurred pursuant to exceptions to
Section 6.1 (which shall count as usage thereof), (b) the maturity date for such refinancing, replacement, renewal or extension
must not be set at a date that, the good faith judgment of the Borrowers, would impair the ability of the Borrowers to repay the
Revolving Loans based on updated pro forma projections prepared by the Borrowers and supplied to the Administrative Agent, (c) such
refinancing, replacement, renewal or extension is incurred solely by the Person(s) who is an obligor under the Indebtedness being
refinanced, replaced, refunded, renewed or extended and no other Person is an obligor thereunder, and (d) following such refinancing,
replacement, renewal or extension of any Indebtedness, the terms of such refinanced, replaced, renewed or extended Indebtedness
shall not preclude the Lenders from foreclosing or otherwise exercising remedies pursuant to the Credit Documents, except with
respect to any preclusion that existed prior to the effectiveness of such refinanced, replaced, renewed or extended Indebtedness.


 


“Permitted
Subordinated Indebtedness” means all unsecured Indebtedness of Borrowers or the Restricted Subsidiaries (a) that is
incurred pursuant to Section 6.1(d) and subordinated pursuant to the Subordination Agreement (or another subordination
agreement reasonably acceptable to the Administrative Agent), (b) the maturity date of which shall be later by at least ninety
(90) days than the Latest Maturity Date (as determined on the date of incurrence of such intercompany Indebtedness), (c) that
has no rights of acceleration at any time prior to the earlier of (x) such Latest Maturity Date (in effect at such time of issuance)
and (y) the termination of the Revolving Commitments or the acceleration of the Obligations in accordance with Section 8.1
(in which case the payment priority set forth in Section 4(a) of the Subordination Agreement shall apply), (d) that shall
at all times be held by Sponsor, a Pledgor, a Borrower or a Restricted Subsidiary, as the case may be, and (e) that subject to
the first proviso to Section 6.1(d), to the extent owed to any Pledgor, Borrower or Restricted Subsidiary that is a party
to a Pledge Agreement, are pledged to the Collateral Agent (for the benefit of the Secured Parties) in accordance with the applicable
Pledge Agreement (but subject to any limitations and exclusions contained therein).


 


“Permitted
Swingline Use” means any legally permissible use by the Borrowers and their Restricted Subsidiaries (including to make
Restricted Payments in accordance with this Agreement).


 






    
	 	-34-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Permitted
Uses” means any legally permissible use by the Borrowers and their Restricted Subsidiaries, including to fund general
working capital and expenses of Borrowers and their Restricted Subsidiaries, the issuance of Letters of Credit (subject to the
terms and conditions of this Agreement) and draws made thereunder, the Cash Collateralization of any Letter of Credit, Transaction
Costs, reserves (whether required by any Credit Document or the Project Financing Documents), Investments in Restricted Operating
Company Subsidiaries (as determined in the sole discretion of Borrowers), Permitted Project Acquisitions, distributions to Pledgors
and Sponsor (including issuing Letters of Credit on behalf of a Pledgor, Sponsor or any of their Affiliates, subject to the terms
and conditions of this Agreement regarding Restricted Payments and Letters of Credit), and other general and lawful business purposes
of Borrowers.


 


“Person”
means and includes natural persons, corporations, limited partnerships, general partnerships, limited liability companies, limited
liability partnerships, joint stock companies, Joint Ventures, associations, companies, unlimited liability companies, trusts,
banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and Governmental Authorities.


 


“Personal
Information” as defined in Section 10.22.


 


“Pledge Agreements”
means the US Pledge and Security Agreement, the US Pledge Agreement, the Canada Pledge and Security Agreement, the Canada Pledge
Agreement, and after the Closing Date, any other pledge or security agreement entered into pursuant to Section 5.9.


 


“Pledgors”
means the US Pledgor and the Canada Pledgor.


 


“PPSA”
means the Personal Property Security Act (Ontario), as amended from time to time, together with all regulations made thereunder;
provided that, if perfection or the effect of perfection or non-perfection or the priority of any security interest in
any Collateral is governed by (a) personal property security legislation as in effect in a Canadian jurisdiction other than Ontario,
or (b) the Civil Code of Quebec, “PPSA” means the personal property security or corresponding legislation as in effect
from time to time in such other jurisdiction or the Civil Code of Quebec, as applicable, for purposes of the provisions hereof
relating to such perfection, effect of perfection or non-perfection or priority in such Collateral.


 


“Principal
Office” means, for each of Administrative Agent and the LC Issuing Banks, such Person’s “Principal Office”
as set forth on Appendix B, or such other office or office of a third party or sub-agent, as appropriate, as such
Person may from time to time designate in writing to Borrowers, Administrative Agent and each Lender.


 


“Project”
means any of the Energy Projects owned by the Restricted Operating Company Subsidiaries, including all of the real, personal and
mixed property related thereto. Subject to the terms of this Agreement and the other Credit Documents, a Project shall cease to
be a Project at such time that Borrowers and any of their Restricted Subsidiaries cease to have any existing or future interests,
rights or obligations (whether direct or indirect, contingent or matured) associated therewith. Schedule 1.1(c) sets forth
the Projects as of the Closing Date as such Schedule may be amended and modified by the Lenders and the Borrower as appropriate.


 






    
	 	-35-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


“Project
Financing Documents” means any credit agreement, loan or credit document, indenture, letter of credit reimbursement
agreement, promissory note, letter of credit, security agreement, pledge agreement, collateral assignment, consent and agreement,
guaranty, financing statement, indemnity agreement, formation document, Organizational Document, letter agreement or other document,
agreement, or instrument entered into or executed by any Restricted Operating Company Subsidiary or any other Restricted Subsidiary
or any Borrower or Permitted Minority Investment Company, in connection with any Indebtedness, any tax equity, lease financing
or joint venture, in each case incurred to finance or govern the construction, acquisition, development, expansion, operation,
ownership or maintenance of a Project or Permitted Minority Investment Project.


 


“Project-Level
Default” means either (a) the failure of a Restricted Operating Company Subsidiary to pay when due any principal of,
or interest on, or regularly occurring fees in respect of, one or more items under the Project Financing Documents or any termination
payments owing under interest rate hedge agreements entered into in connection with the Project Financing Documents, in each case
beyond the grace period, if any, provided therefor, or (b) the default by a Restricted Operating Company Subsidiary in the performance
of, or compliance with, any term contained in any Project Financing Document (other than any such term referred to clause (a)
of this definition) and such default or noncompliance shall remain unremedied beyond the grace period, if any, provided therefor.


 


“Project
Non- Payment Acceleration” as defined in Section 8.1(b)(ii).


 


“Project
Payment Default” as defined in Section 8.1(b)(ii).


 


“Project
PPA” means each of the agreements listed in Schedule 1.1(d) and any replacement thereof entered into pursuant
to the applicable Project Financing Documents.


 


“Projections”
as defined in Section 4.8.


 


“Pro
Rata Share” means, at any time,  with respect to all payments, computations and other matters or amounts relating
to the Revolving Commitment or Revolving Loans of any Lender or any Letters of Credit issued, any Swingline Loans made or participations
purchased therein by any Lender, the percentage obtained by dividing (a) the Revolving Commitment of that Lender at such
time by (b) the aggregate Revolving Commitments of all Lenders at such time.


 


“Qualified
Stock” means any Capital Stock that is not Disqualified Stock.


 


“Qualifying
Cash” means, with respect to any Project or Permitted Minority Investment Project, Cash (other than Internally Generated
Cash) distributed by the relevant Restricted Operating Company Subsidiary or Permitted Minority Investment Company to a Credit
Party (or, for purposes of calculating Borrower Cash Flow from non-U.S. and non-Canada Restricted Operating Company Subsidiaries
(or non-U.S. and non-Canada Permitted Minority Investment Companies), permitted and available for distribution as provided in
the definition of Available Cash) during the Ramp-up Phase for such Project or Permitted Minority Investment Project that is not
excluded pursuant to clauses (a) through (h) of the final sentence of the definition of


 






    
	 	-36-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


Available
Cash and that does not exceed $5,000,000 in the aggregate in respect of such Project or Permitted Minority Investment Project.


 


“Ramp-up
Phase” means, with respect to any Project or Permitted Minority Investment Project, the twelve (12) month period commencing
on the later of (i) the month in which such Project or Permitted Minority Investment Project has reached commercial operation
and (ii) the month in which the initial distribution of Cash is made by the relevant Restricted Operating Company Subsidiary or
Permitted Minority Investment Company to a Credit Party following commercial operation.


 


“Refinancing
Amendment” as defined in Section 2.24(c).


 


“Refinancing
Commitments” as defined Section 2.24.


 


“Refinancing
Effective Date” as defined in Section 2.24.


 


“Refinancing
Facility” means, at any time, as the context may require, the aggregate amount of the Refinancing Lenders’ Refinancing
Loans at such time and, in each case, but without duplication, the Credit Extensions made thereunder.


 


“Refinancing
Lender” as defined in Section 2.24(b).


 


“Refinancing
Loans” as defined in Section 2.24(a).


 


“Register”
as defined in Section 10.6(b).


 


“Regulation D”
means Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time.


 


“Reimbursement
Amount” as defined in Section 2.3(c)(i).


 


“Reimbursement
Date” as defined in Section 2.3(c)(i).


 


“Related
Parties” means, with respect to any Person, such Person’s Affiliates and the Representatives of such Person and
of such Person’s Affiliates.


 


“Release”
means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping,
leaching or migration of any Hazardous Material into the environment (including the abandonment or disposal of any barrels, containers
or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air,
soil, surface water or groundwater.


 


“Remedial
Action” means all actions taken to (a) clean up, remove, remediate, contain, treat, monitor, assess, evaluate,
investigate, study, sample, test or abate, or in any other way perform a response action or otherwise address, the presence or
Release of Hazardous Materials in the environment; (b) in connection with the presence or Release of Hazardous Materials
in the environment, perform pre-remedial studies and investigations and post-remedial operation and


 






    
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maintenance
activities; or (c) any “response” as defined by 42 U.S.C. 9601(25) or any similar terms as defined by equivalent
state law.


 


“Removal
Effective Date” as defined in Section 9.6(b).


 


“Replacement
Lender” as defined in Section 2.21.


 


“Representative”
means, as to any Person, its officers, directors, managers, employees, partners, members, stockholders, counsel, accountants,
advisors, engineers, consultants, agents, trustees, administrators, and any other representatives.


 


“Required
Incremental Term Loan Lenders” means, as of any date of determination, with respect to each Series of Incremental Term
Loans, Incremental Term Loan Lenders holding more than 50% of such Series on such date; provided that the portion of such
Series of Incremental Term Loans held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination
of Required Incremental Term Loan Lenders.


 


“Required
Lenders” means Lenders having more than fifty percent (50%) of the aggregate Total Exposure of all Lenders; provided
that such amount shall be determined with respect to any Defaulting Lender by disregarding the Revolving Exposure and any
Incremental Term Loan Exposure of such Defaulting Lender; provided, further, that with respect to any waiver or amendment
of the conditions set forth in Section 3.2 with respect to any Revolving Loan (but not with respect to any waiver, consent
or amendment with respect to any other provision hereof, including any covenant, Default or Event of Default), “Required
Lenders” shall mean only the “Required Revolving Lenders.”


 


“Required
Revolving Lenders” means, as of any date of determination, with Revolving Lenders and Increased Commitment Lenders holding
more than fifty percent (50%) of the sum of the (a) Total Utilization of Revolving Commitments (with the aggregate amount of each
Revolving Lender’s risk participation and funded participation in L/C Obligations and in Swingline Loans, as applicable,
being deemed “held” by such Revolving Lender for purposes of this definition) and (b) aggregate unused Revolving Commitments
and Increased Commitments; provided that the unused Revolving Commitments of, and the portion of the Total Utilization
of Revolving Commitments or Increased Commitments (as applicable) held or deemed held by, any Defaulting Lender shall be excluded
for purposes of making a determination of Required Revolving Lenders.


 


“Resignation
Effective Date” as defined in Section 9.6(a).


 


“RCRA”
as defined in Section 4.12.


 


“Restricted
Holding Company Subsidiaries” means each Subsidiary of a Borrower that is identified as a “Restricted Holding
Company Subsidiary” on Exhibit K (as it may be amended, restated, supplemented or otherwise modified from time to
time as provided under Section 5.9).


 


“Restricted
Operating Company Subsidiaries” means each Subsidiary of a Borrower that is identified as a “Restricted Operating
Company Subsidiary” on Exhibit K (as it may be


 






    
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amended,
restated, supplemented or otherwise modified from time to time as provided under Section 5.9).


 


“Restricted
Payment” means (a) any dividend or other distribution, direct or indirect, on account of any shares of any Capital
Stock of a Borrower or a Restricted Subsidiary, as applicable, now or hereafter outstanding; (b) any redemption, retirement,
sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any Capital Stock
of a Borrower or a Restricted Subsidiary, as applicable, now or hereafter outstanding; (c) any payment made to retire, or
to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any Capital Stock of a Borrower
or a Restricted Subsidiary, as applicable, now or hereafter outstanding; (d) management or similar fees payable to a Pledgor,
Sponsor or any of their Affiliates; (e) repayment of principal or interest in respect of any Permitted Subordinated Indebtedness;
or (f) any issuance of a Letter of Credit issued to any beneficiary that is an Affiliate of a Borrower that is not a Subsidiary
of a Borrower.


 


“Restricted
Subsidiaries” means, collectively, the Restricted Operating Company Subsidiaries, the Restricted Holding Company Subsidiaries
and all other direct or indirect Subsidiaries of a Borrower identified as a Restricted Subsidiary on Exhibit K (as it may
be amended, restated, supplemented or otherwise modified from time to time as provided under Section 5.9).


 


“Revaluation
Date” means (a) with respect to any Loan, each of the following:  (i) each date of a Borrowing of a Canadian Dollar
Denominated Loan, (ii) each date of continuation of a CDOR Loan that is a Canadian Dollar Denominated Loan and (iii) the last
Business Day of each Fiscal Quarter if there is a Canadian Dollar Denominated Loan outstanding; (b) with respect to any Letter
of Credit, each of the following:  (i) each date of issuance of a Canadian Dollar Denominated Letter of Credit, (ii) each
date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof, (iii) each date of any payment
by the applicable LC Issuing Bank under any Canadian Dollar Denominated Letter of Credit and (iv) the last Business Day of each
Fiscal Quarter if there is a Canadian Dollar Denominated Letter of Credit outstanding, in each case for purposes of determining
whether such outstanding Canadian Dollar Denominated Loan or outstanding Canadian Dollar Denominated Letter of Credit causes the
Revolving Commitment to be exceeded as of such date; and (c) with respect to any Canadian Dollar Denominated Loan and any Canadian
Dollar Denominated Letter of Credit, each date on which an Event of Default has occurred or is continuing.


 


“Revolving
Commitment” means the commitment of a Lender to make or otherwise fund any Revolving Loan pursuant to Section 2.1(a)
or acquire participations in Swingline Loans pursuant to Section 2.2(e) or in Letters of Credit pursuant to Section
2.3(c), and the commitment of the Swingline Lender to make Swingline Loans pursuant to Section 2.2(a). “Revolving
Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment,
if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any availability limitation
as of the date of determination or other adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount
of the Revolving Commitments as of November 21, 2017 is four hundred and forty million Dollars ($440,000,000), which amount may
be adjusted pursuant to Sections 2.11(b) or increased pursuant to Section 2.22.


 






    
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“Revolving
Commitment Period” means the period from the Closing Date to but excluding the Revolving Commitment Termination Date.


 


“Revolving
Commitment Termination Date” means the earliest to occur of (a) the fifth anniversary of the Closing Date, (b) the
date the Revolving Commitments are permanently reduced to zero in accordance with the Revolving Commitment reduction provisions
set forth in this Agreement, and (c) the date of the termination of the Revolving Commitments pursuant to Section 8.1.


 


“Revolving
Credit Facility” means at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such
time.


 


“Revolving
Exposure” means, with respect to any Lender as of any date of determination, without duplication, (a) prior to the termination
of the Revolving Commitments, that Lender’s Revolving Commitment; and (b) after the termination of the Revolving Commitments,
the sum of (i) the aggregate outstanding principal amount of the Revolving Loans of that Lender, (ii) in the case of an LC Issuing
Bank, the aggregate L/C Obligation in respect of all Letters of Credit issued by that LC Issuing Bank (net of any participations
by Lenders in such Letters of Credit), and (iii) the aggregate amount of all participations by that Lender in any outstanding
Letters of Credit or Swingline Loan or any Unreimbursed Amount under any Letter of Credit.


 


“Revolving
Lender” means each financial institution that has made a Revolving Commitment pursuant to Section 2.1(a), listed
on the signature pages hereto as a Lender.


 


“Revolving
Loan” means a loan made by a Lender to Borrowers pursuant to Section 2.1(a) or any Increased Commitment.


 


“Revolving
Loan Note” means a Canadian Dollar Denominated Revolving Note or a US Dollar Denominated Revolving Note.


 


“Riverstone”
means Riverstone Holdings LLC (or any of its Affiliates, affiliated funds or funds managed by it).


 


“Royal Bank”
as defined in the preamble hereto.


 


“Sanction(s)”
means any international economic sanction administered or enforced by OFAC, the U.S. Department of State or the Department of
Foreign Affairs and International Trade (Canada).


 


“S&P”
means Standard & Poor’s, a Division of The McGraw Hill Companies, Inc., and any successor thereto.


 


“Secured
Parties” means the Agents, LC Issuing Banks, the Swingline Lender, the other Lenders and any other Persons the Obligations
owing to which are purported to be secured by the Collateral under the Collateral Documents.


 






    
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“Securities”
means any stock, shares, partnership interests, voting trust certificates, certificates of interest or participation in any profit-sharing
agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of Indebtedness, secured or unsecured,
convertible, subordinated or otherwise, or in general any instruments commonly known as “securities” or any certificates
of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to
subscribe to, purchase or acquire, any of the foregoing.


 


“Securities
Act” means the Securities Act of 1933, as amended from time to time, and any successor statute.


 


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


 


“Series”
as defined in Section 2.22(b).


 


“Solvency Certificate” means a Solvency Certificate of the chief financial officer of Sponsor and Pledgors
substantially in the form of Exhibit G.


 


“Solvent”
means, with respect to any Person, that as of the date of determination, both (a) (i) the sum of such Person’s debt
(including contingent liabilities) does not exceed the present fair saleable value of the present assets of such Person and its
Subsidiaries; (ii) the capital of such Person and its Subsidiaries is not unreasonably small in relation to its business
as contemplated on any determination date; and (iii) such Person and its Subsidiaries have not incurred and do not intend
to incur, or believe that they will incur, debts beyond their ability to pay such debts as they become due and payable (whether
at maturity or otherwise); and (b) such Person is “solvent” within the meaning given that term and similar terms
under applicable Governmental Rules relating to fraudulent transfers and conveyances. For purposes of this definition, the amount
of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing
at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of
whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standards No. 5).


 


“Sponsor”
means Pattern Energy Group Inc., a Delaware corporation.


 


“Sponsor
G&A Amount” means twenty-five million Dollars ($25,000,000).


 


“Sponsor
G&A Expenses” means operating expenses of Sponsor that shall be limited to salaries, direct overhead and other general
and administrative expense of Sponsor to maintain its business and which shall, for the avoidance of doubt, exclude Project-related
expenses, development costs, security deposits and any other discretionary or other items.


 


 “Spot Rate” means, with respect to the conversion of one currency into another currency, the spot rate of exchange
for such conversion as quoted by the Bank of Canada at 4:30 p.m. (Toronto time) on the Business Day that such conversion is to
be made (or, if such conversion is to be made before 4:30 p.m. (Toronto time) on such Business Day, then at approximately close
of business on the immediately preceding Business Day), and, in either case, if no such rate is


 






    
	 	-41-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


quoted,
the spot rate of exchange quoted for wholesale transactions by the Administrative Agent on the Business Day such conversion is
to be made in accordance with its normal practice.


 


“Subject
Transaction” as defined in Section 6.6(c).


 


“Subordination
Agreement” means a Subordination Agreement substantially in the form of Schedule 6.1(d), with such amendments
or modifications as may be approved by Required Lenders and Borrowers.


 


“Subsidiary”
means, with respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other
business entity of which  fifty percent (50%) or more of the total voting power of shares of stock or other ownership interests
entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether Representatives
or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies
thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of
that Person or a combination thereof; provided, in determining the percentage of ownership interests of any Person controlled
by another Person, no ownership interest in the nature of a “qualifying share” of the former Person shall be deemed
to be outstanding. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in
this Agreement shall refer to a Subsidiary or Subsidiaries of Borrowers.


 


“Swingline
Lender” as defined in the preamble hereto.


 


“Swingline
Loan” means a Loan made pursuant to Section 2.2(a) hereto.


 


“Syndication
Agent” as defined in the preamble hereto.


 


“Tax”
means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments,
fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable
thereto.


 


“Terminated
Lender” as defined in Section 2.21.


 


“Termination
Date” means the date on which (a) the Revolving Commitment Termination Date has occurred, (b) the principal
amount of all Revolving Loans and all other Obligations then due and payable have been paid in full (other than contingent indemnification
and reimbursement obligations for which no claim has been made) and (c) all Letters of Credit have been cancelled or have
expired or have been Cash Collateralized in a maximum amount equal to not less than one hundred two percent (102%) of the face
amount of such Letter of Credit on such date or otherwise secured to the satisfaction of the LC Issuing Bank thereof.


 


“Total
Exposure” means, as at any date of determination, the sum of (a) the Total Utilization of Revolving Commitments and
(b) all outstanding Incremental Term Loans.


 


“Total Utilization
of Revolving Commitments” means, as at any date of determination, the sum of (a) the aggregate principal amount
of all outstanding Revolving Loans, (b) the L/C


 






    
	 	-42-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


Obligation
and (c) the aggregate principal amount of all outstanding Swingline Loans as of such date of determination.





 


“Transaction
Costs” means the fees, costs and expenses (including any Revolving Commitment fees, original issue discount or upfront
fees) payable by Borrowers in connection with the Transactions.


 


“Transaction
Documents” means each Credit Document, each Project Financing Document and each Project PPA.


 


“Transactions”
means entering into the Credit Documents.


 


“Transfer”
means to convey, sell, lease, sub-lease, assign, exchange, transfer or otherwise dispose of, in one transaction or a series of
transactions, any specified property (whether real, personal or mixed).


 


“Treasury
Regulations” means the final and temporary (but not proposed) income tax regulations promulgated under the Internal
Revenue Code or the ITA, as such regulations may be amended from time to time (including corresponding provisions of succeeding
regulations).


 


“Type of
Loan” means the type of Loan determined with regard to the interest option applicable thereto, i.e., whether a Base
Rate Loan, Eurodollar Rate Loan, Canadian Prime Rate Loan or CDOR Loan.


 


“UCC”
means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect in any applicable jurisdiction.


 


“UCP”
means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber
of Commerce Publication No. 600 (or such later version thereof as may be in effect at the time of issuance).


 


“Unreimbursed
Amount” as defined in Section 2.3(c)(i).


 


“US Borrower”
as defined in the preamble hereto.


 


“US Dollar
Denominated Revolving Loan Note” means a promissory note in the form of Exhibit B-1, as it may be amended,
restated, supplemented or otherwise modified from time to time.


 


“US
Person” means any Person that is a “United States person” as defined in Section 7701(a)(30) of the Internal
Revenue Code.


 


“US
Pledge Agreement” means that certain Amended and Restated Pledge Agreement, dated as of December 17, 2014, by and between
US Pledgor and Collateral Agent, as it may be amended, restated, supplemented or otherwise modified from time to time.


 


“US
Pledge and Security Agreement” means that certain Second Amended and Restated Pledge and Security Agreement, dated as
of the date hereof, by and between US  






    
	 	-43-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


Borrower, each US Restricted Holding Company Subsidiary and the Collateral Agent, as it
may be amended, restated, supplemented or otherwise modified from time to time.




 


“US
Pledgor” means Pattern US Operations Holdings LLC.


 


“US
Restricted Holding Company Subsidiary” means any Restricted Holding Company Subsidiary that is a US Subsidiary.


 


“US
Restricted Operating Company Subsidiary” means any Restricted Operating Company Subsidiary that is a US Subsidiary.


 


“US Subsidiary” means a Subsidiary of a Borrower organized under the laws of the Governmental Rules of the
United States or any state thereof.


 


“US Tax
Compliance Certificates” means each of the certificates substantially in the form of Exhibits F-1
through F-4, as applicable.


 


“Weighted
Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing:
(a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity
or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years
(calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding
principal amount of such Indebtedness.


 


“Wholly-Owned
Subsidiary” means from time to time, with respect to any Person, (i) any corporation in which such Person or one or
more Wholly-Owned Subsidiaries of such Person owns one hundred percent (100%) of the Capital Stock at such time and (ii) any partnership,
limited liability company, association, joint venture or other entity in which such Person or one or more Wholly-Owned Subsidiaries
of such Person owns one hundred percent (100%) of the Capital Stock at such time.


 


“Withholding
Agent” means any Credit Party and Administrative Agent.


 


“Write-Down
and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of
such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down
and conversion powers are described in the EU Bail-In Legislation Schedule.


 


1.2             
Accounting Terms. Except as otherwise expressly provided herein, all accounting terms not otherwise defined herein
shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered
by Borrowers to Lenders pursuant to Sections 5.1(a) and 5.1(b) shall be prepared in accordance with GAAP
as in effect at the time of such preparation and, where financial statements are required to be consolidated, GAAP applicable
in the United States shall apply. Subject to the foregoing, calculations in connection with the definitions, covenants and other
provisions used in Section 6.6 hereof shall utilize accounting principles and policies in conformity with those used
to prepare the Historical Financial Statements. If at any time any change in GAAP would affect


 






    
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the
computation of any financial ratio or requirement set forth in any Credit Document, and Borrowers or Administrative Agent shall
so request, Administrative Agent and Borrowers shall negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change in GAAP (subject to the approval of Required Lenders), provided that until
so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and Borrowers
shall provide to Administrative Agent and Lenders reconciliation statements provided for in Section 5.1(d). Notwithstanding
any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations
of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification
825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect)
to value any Indebtedness or other liabilities of Borrowers or any Restricted Subsidiary of any Borrower at “fair value”,
as defined therein, (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under
Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having
a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness
shall at all times be valued at the full stated principal amount thereof and (iii) in a manner such that any obligations relating
to a lease that was accounted for by a Person as an operating (or equivalent) lease as of the date of this Agreement and any similar
lease entered into after the date of this Agreement by such Person shall be accounted for as obligations relating to an operating
lease and not as obligations relating to a Capital Lease or other financing lease on the balance sheet of such Person. Furthermore,
notwithstanding anything to the contrary contained herein or in the definition of “Capital Lease”, in the event of
an accounting change or a change in the application of GAAP requiring all or certain leases to be capitalized or otherwise accounted
for as liabilities on the balance sheet of the applicable Person, unless the Borrowers elect otherwise, only those leases (assuming
for purposes hereof that such leases were in existence on the date hereof) that would constitute Capital Leases (including leases
that are classified as “financing leases” for purposes of GAAP) in conformity with GAAP on the date hereof shall be
considered Capital Leases, and all calculations and deliverables under this Agreement or any other Credit Document shall be made
or delivered, as applicable, in accordance therewith.


 


1.3             
Terms Generally. Any of the terms defined herein may, unless the context otherwise requires, be used in the singular
or the plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section,
an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. References to “or”
shall be deemed to be disjunctive but not necessarily exclusive (i.e., unless the context dictates otherwise, “or”
shall be interpreted to mean “and/or” rather than “either/or”). The use herein of the word “include”
or “including”, when following any general statement, term or matter, shall not be construed to limit such statement,
term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether
or not no limiting language (such as “without limitation” or “but not limited to” or words of similar
import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the
broadest possible scope of such general statement, term or matter. The use herein of the word “issue” or “issuance”
with respect to any Letter of Credit shall be deemed to include any amendment, extension or renewal thereof. Unless otherwise
specifically indicated, the term “consolidated” with respect to any Person refers to such Person consolidated


 






    
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with
its Subsidiaries. Section headings in this Agreement are included herein for convenience of reference only and shall not constitute
a part of this Agreement for any other purpose or be given any substantive effect.


 


		1.4	Exchange Rates; Currency
Equivalents



 


(a)               
Administrative Agent or the applicable LC Issuing Bank, as applicable, shall determine the applicable Spot Rate to be used
for calculating Dollar Equivalent and Canadian Dollar Equivalent amounts. Except for purposes of financial statements delivered
by Credit Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable
amount of any currency (other than Dollars) for purposes of the Credit Documents shall be such Dollar Equivalent amount as so
determined by Administrative Agent or the applicable LC Issuing Bank, as applicable.


 


(b)              
Wherever in this Agreement in connection with the issuance, amendment or extension of a Letter of Credit, an amount, such
as a required minimum or multiple amount, is expressed in Dollars, then with respect to Canadian Dollar Denominated Letters of
Credit, such amount shall be the relevant Canadian Dollars Equivalent of such Dollar amount, as determined by Administrative Agent
or the applicable LC Issuing Bank, as the case may be.


 


1.5             
Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be
deemed to be the stated amount of such Letter of Credit in effect at such time in Dollar Equivalents; provided, however,
that with respect to any Letter of Credit that, by its terms or the terms of any LC Issuer Document related thereto, provides
for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit for purposes of determining
the L/C Obligation at any specified time shall be equal to the maximum stated amount of such Letter of Credit after giving effect
to all such increases, whether or not such maximum stated amount is in effect at such time. In the event of any conflict between
the terms hereof and the terms of any LC Issuer Document, the terms in this Agreement shall control.


 


1.6             
Calculations. For purposes of all ratio and other calculations hereunder, including in connection with calculating
the Applicable Margin, covering periods for which financial statements have not been delivered pursuant to Section 5.1(a) or (b)
hereof, and are instead or also to be based upon information contained in the financial statements delivered pursuant to the equivalent
provisions of the Existing Credit Agreement, such calculations shall be made on further pro forma basis taking into account all
Restricted Subsidiaries and Collateral with respect to the Revolving Loans hereunder that do not provide credit support for the
obligations (or are not “Restricted Subsidiaries”) under the Existing Credit Agreement. Notwithstanding anything herein
to the contrary, in respect of any event for which a calculation hereunder is to be made with reference to financial statements
delivered pursuant to Section 5.1(b), where such calculation is to be made during the period following the end of the Fiscal
Quarter ended December 31 of any Fiscal Year, but prior to the delivery of audited financial statements pursuant to Section
5.1(b) with respect to such Fiscal Year, the Borrowers may include such Fiscal Quarter ended December 31 in such calculation;
provided that, prior to so doing, the Borrowers shall have delivered to the Agent unaudited financial statements covering such
Fiscal Quarter that would otherwise satisfy the requirements of Section 5.1(a) (without regard to any deadlines for delivery set
forth in Section 5.1(a)).


 






    
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1.7             
Limited Conditionality. Notwithstanding anything to the contrary herein (including in connection with any calculation
made on a pro forma basis), if the terms of this Agreement require (i) compliance with any financial ratio or financial test
(including, Section 6.6 hereof, any Leverage Ratio test or any Interest Coverage Ratio test) or any cap expressed as a percentage
or multiple of Borrower Cash Flow, (ii) accuracy of any representation or warranty or the absence of a Default or Event of Default
(or any type of default or event of default) or (iii) compliance with any basket or other condition, as a condition to (1) the
consummation of any Limited Conditionality Transaction (including in connection with any acquisition or similar Investment or
the assumption or incurrence of Indebtedness that is a Limited Conditionality Transaction) or (2) the making of any Restricted
Payment solely for purposes of consummating a Limited Conditionality Transaction, the determination of whether the relevant condition
is satisfied may be made, at the election of the Borrower, (A) in the case of any Limited Conditionality Transaction, at the time
of (or on the basis of the financial statements for the most recently ended Measurement Period at the time of) either (x) the
execution of the definitive agreement with respect to such Limited Conditionality Transaction or (y) the consummation of such
Limited Conditionality Transaction and (B) in the case of any Restricted Payment solely for purposes of consummating a Limited
Conditionality Transaction, at the time of (or on the basis of the financial statements for the most recently ended Measurement
Period at the time of) (x) the declaration of such related Restricted Payment or (y) the making of such related Restricted Payment,
in each case, after giving effect to the relevant Limited Conditionality Transaction or such related Restricted Payment on a pro
forma basis (including, in each case, after giving effect to the relevant transaction, any relevant Indebtedness (including the
intended use of proceeds thereof) and after giving pro forma effect to other Limited Conditionality Transactions entered into
in connection with such Limited Conditionality Transaction for which definitive agreements have been executed, and no Default
or Event of Default shall be deemed to have occurred solely as a result of an adverse change in such financial ratio or test occurring
after the time such election is made (but any subsequent improvement in the applicable financial ratio or test may be utilized
by the Borrowers or any Restricted Subsidiary). For the avoidance of doubt, if the Borrowers shall have elected the option set
forth in clause (x) of any of the preceding clauses (1), (2) or (3) in respect of any transaction, then (X) the Borrower shall
be permitted to consummate such Limited Conditionality Transaction or such related Restricted Payment even if any applicable test
or condition shall cease to be satisfied subsequent to the Borrower’s election of such option and (Y) in connection with
any subsequent transaction or event that requires compliance with any financial ratio, financial test, basket or other condition,
the accuracy of a representation or warranty or the absence of a Default or Event of Default following the date of such election
and prior to the earlier of (i) the date on which such Limited Condition Transaction is consummated or such related Restricted
Payment is made or (ii) the date that the definitive agreement for such Limited Condition Transaction is terminated or expires
without consummation of such Limited Condition Transaction, the compliance with any such financial ratio, financial test, basket
or other condition, accuracy of a representation or warranty or the absence of a Default or Event of Default shall be calculated
or determined on a pro forma basis assuming such Limited Condition Transaction or such related Restricted Payment (including any
incurrence of Indebtedness and the use of proceeds thereof) have been consummated until such time as such Limited Condition Transaction
has been consummated or the definitive agreement with respect thereto has been terminated or expires or such related Restricted
Payment (or a


 






    
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determination
not to make such related Restricted Payment) has been made. The provisions of this Section 1.7 shall also apply in respect
of the incurrence of any Incremental Facility.


 


		1.8	Alternative Currencies.



 


(a)         
Borrowers may from time to time request that Revolving Loans be made in a currency other than Dollars or Canadian Dollars
or Letters of Credit be issued in a currency other than Dollars or Canadian Dollars; provided that such requested currency is
a lawful currency that is readily available and freely transferable and convertible into Dollars. Such request shall be subject
to the approval of all Revolving Lenders and, in the case of any such request with respect to the issuance of Letters of Credit
denominated in any such other currency, such request shall be subject to the approval of the applicable LC Issuing Banks, in each
case as set forth in Section 10.5(c)(ii).


 


(b)        
Any such request shall be made to the Administrative Agent not later than 11:00 a.m., fifteen (15) Business Days prior
to the requested date of the making of such Revolving Loan or issuance of such Letter of Credit (or such other time or date as
may be agreed by the Administrative Agent (acting at the direction of all Revolving Lenders) and, in the case of any such request
pertaining to the issuance of Letters of Credit, the applicable Issuing Banks, in its or their sole discretion). In the case of
any such request pertaining to Revolving Loans, the Administrative Agent shall promptly notify each Revolving Lender and, in the
case of any such request pertaining to the issuance of Letters of Credit, the applicable LC Issuing Bank thereof. Each applicable
Revolving Lender (in the case of any such request pertaining to Revolving Loans) and each applicable LC Issuing Bank (in the case
of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m. (New York City
time), ten (10) Business Days after receipt of such request whether it consents (and which consent it shall be entitled to withhold
in its sole discretion) to the making of Revolving Loans or the issuance of Letters of Credit, as the case may be, in such requested
currency.


 


(c)         
Any failure by a Revolving Lender or LC Issuing Bank, as the case may be, to respond to such request within the time period
specified in the preceding paragraph shall be deemed to be a refusal by such Revolving Lender or Issuing Bank, as the case may
be, to permit Revolving Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent
and all Revolving Lenders consent to making Revolving Loans or the issuance of Letters of Credit in such requested currency, the
Administrative Agent shall so notify the Borrowers, and the Borrowers and the Revolving Lenders shall amend this Agreement and
the other Credit Documents solely to the extent necessary to accommodate such Borrowings or Letters of Credit (as applicable),
in accordance with Section 10.5(c)(ii). If the Administrative Agent shall fail to obtain consent to any request for an
additional currency under this Section 1.8, the Administrative Agent shall promptly so notify the Borrowers.


 


		Section 2.	LOANS AND LETTERS OF CREDIT



 


		2.1	Revolving Loans



 


		(a)	Revolving Commitments.



 






    
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(i)                
On the Closing Date, the Revolving Loans of each Lender outstanding under the Existing Credit Facility (each as defined
therein) on the Closing Date (immediately prior to the occurrence thereof), as set forth as “Existing Closing Date Loans”
in Schedule 2.1(a)(i), shall be continued (on a cashless basis), and shall constitute and remain outstanding as Revolving
Loans hereunder. The continuations of such Revolving Loans shall not be subject to any breakage or similar costs that might otherwise
be payable pursuant to Section 2.16(c) or the equivalent provision of the Existing Credit Agreement. In furtherance of
the foregoing, on the Closing Date, the initial Lenders hereunder shall make and receive payments among themselves, in a manner
acceptable to and approved by the Administrative Agent, so that, after giving effect thereto, the Revolving Loans are, on (and
immediately after the occurrence of) the Closing Date, held ratably by the Revolving Lenders in accordance with the respective
Revolving Commitments of the Revolving Lenders on the Closing Date.


 


(ii)              
During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make
Revolving Loans, which will be made in Dollars or Canadian Dollars, to Borrowers in an aggregate amount up to but not exceeding
such Lender’s Revolving Commitment; provided that after giving effect to the making of any Revolving Loans in no
event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Each Lender’s
Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed
hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date.


 


		(b)	Borrowing Mechanics for
Revolving Loans.



 


(i)                
Revolving Loans shall be made in an aggregate minimum amount of five hundred thousand Dollars ($500,000) or Canadian Dollars
(CAD $500,000) and integral multiples of fifty thousand Dollars ($50,000) or Canadian Dollars (CAD $50,000) in excess of that
amount.


 


(ii)              
Whenever any Borrower desires that Lenders make Revolving Loans, such Borrower shall deliver to Administrative Agent a
fully executed and delivered Borrowing Notice And Certificate no later than (x) 1:00 p.m. (New York City time) at least three
(3) Business Days in advance of the proposed Credit Date in the case of a Revolving Loan that is a Eurodollar Rate Loan or
CDOR Loan, (y) 12:00 p.m. (New York City time) on the proposed Credit Date in the case of a Revolving Loan that is a Base Rate
Loan and (z) 1:00 p.m. (New York City time) at least one (1) Business Day in advance of the proposed Credit Date in the case
of a Revolving Loan that is a Canadian Prime Rate Loan. A Borrowing Notice And Certificate for a Revolving Loan that is a Eurodollar
Rate Loan or CDOR Loan shall be revocable on and after the related Interest Rate Determination Date; provided that such
Borrower shall be bound to make a borrowing in accordance therewith unless such Borrower compensates Lenders in accordance with
Section 2.16(c). Each Lender may, at its option, make any Revolving Loan by causing any domestic or foreign branch or Affiliate
of such Lender to make such Revolving Loan; provided that any exercise of such option shall not affect in any manner


 






    
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the
obligation of the Borrowers to repay such Revolving Loan in accordance with the terms of this Agreement.


 


(iii)            
Notice of receipt of each Borrowing Notice And Certificate in respect of Revolving Loans, together with the amount of each
Lender’s Pro Rata Share thereof, if any, together with the applicable interest rate, shall be provided by Administrative
Agent to each applicable Lender by telefacsimile or electronic transmission means with reasonable promptness, but (provided
Administrative Agent shall have received such notice by 1:00 p.m. (New York City time)) not later than 1:30 p.m.
(New York City time) on the same day as Administrative Agent’s receipt of such Notice from Borrowers.


 


(iv)            
Subject to Section 2.14(b), each Lender shall make the amount of its Revolving Loan (in the applicable currency)
available to Administrative Agent not later than 1:00 p.m. (New York City time) on the applicable Credit Date (or 2:30 p.m. on
the Credit Date for same day Base Rate Borrowings) by wire transfer of same day funds, at the Principal Office designated by Administrative
Agent. Except as provided herein, upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent
shall make the proceeds of such Revolving Loans available to Borrowers (in the applicable currency) by no later than 2:00 p.m.
on the applicable Credit Date (or 3:00 p.m. on the Credit Date for same day Base Rate Borrowings) by causing an amount of same
day funds in the requested currency equal to the proceeds of all such Revolving Loans received by Administrative Agent from Lenders
to be credited to the account of Borrowers as may be designated in writing to Administrative Agent by Borrowers.


 


(c)               
Right to Repay and Reborrow. Subject to the terms and conditions of this Agreement, Borrowers may borrow, repay
and reborrow under the Revolving Commitment during the Revolving Commitment Period.


 


		2.2	Swingline Loans



 


(a)               
Agreement to Make Swingline Loans. Subject to the terms and conditions set forth herein, Swingline Lender agrees
to make Swingline Loans to Borrowers from time to time during the Revolving Commitment Period, in an aggregate principal amount
at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding twenty-five
million Dollars ($25,000,000) or Canadian Dollars (CAD $25,000,000) or (ii) the Total Utilization of Revolving Commitments exceeding
the Revolving Commitments then in effect; provided that Swingline Lender shall not be required to make a Swingline Loan
to refinance an outstanding Swingline Loan. Swingline Lender may, at its option, make any Swingline Loan by causing any domestic
or foreign branch or Affiliate of the Swingline Lender to make such Swingline Loan; provided that any exercise of such option
shall not affect in any manner the obligation of the Borrowers to repay such Loan in accordance with the terms of this Agreement.
Within the foregoing limits and subject to the terms and conditions set forth herein, Borrowers may borrow, prepay, and reborrow
Swingline Loans.


 


(b)              
Notice of Swingline Loans by Borrowers. To request a Swingline Loan, Borrowers shall notify Swingline Lender of
such request in writing, not later than 2:00 p.m.,


 






    
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New
York City time, on the day of a proposed Swingline Loan. Each such notice shall be revocable and shall specify the requested date
(which shall be a Business Day) and amount of the requested Swingline Loan, and shall be deemed to be a reaffirmation that the
conditions set forth in Section 3.2 are satisfied as of the date of the last Borrowing Notice And Certificate or Notice
of LC Activity and Certificate, whichever was most recently delivered to the Administrative Agent. If limitations set forth in
the first sentence of Section 2.2(a) are satisfied and no Event of Default has occurred and is continuing, (i) Administrative
Agent will promptly advise Swingline Lender of any such notice received from Borrowers and (ii) the Swingline Lender shall make
each Swingline Loan available to Borrowers to an account of the applicable Borrower specified in the request by 3:00 p.m.,
New York City time, on the requested date of such Swingline Loan.


 


(c)               
Repayment of Swingline Loan. Each Borrower, jointly and severally, hereby unconditionally promises to pay to Swingline
Lender the then unpaid principal amount of each Swingline Loan upon the earlier of (i) the Termination Date and (ii) on or prior
to the date that is fifteen (15) Business Days after the making of the relevant Swingline Loan; provided, however,
that upon the relevant Borrower’s tendering of the applicable Conversion/Continuation Notice received by the Swingline Lender
and the Administrative Agent no later than 11 a.m. (New York City time) on the date of the expiration of (but during) such fifteen
(15) Business Day period, and limited to the amount of the unutilized portion of the Revolving Commitments, the relevant Borrower
may elect to have such Swingline Loan converted into a Revolving Loan on such date, so long as the conditions precedent set forth
in Section 3.2 are met as of the date of such conversion. Upon effectiveness of such conversion, the provisions of Section
2.3(c) shall apply mutatis mutandis as though the Swingline Loan converted into a Revolving Loan were a Letter of Credit
as referred to therein.


 


(d)              
Payments Directly to Swingline Lender. Except as otherwise provided in Section 2.2(e), Borrowers shall make
all payments of principal and interest in respect of the Swingline Loans directly to Swingline Lender.


 


(e)               
Participations by Lenders in Swingline Loans. The Swingline Lender may, by written notice given to Administrative
Agent not later than 2:00 p.m., New York City time, on any Business Day require the Lenders to acquire participations in
all or a portion of the Swingline Loans outstanding. Such notice to Administrative Agent shall specify the aggregate amount of
Swingline Loans in which the Lenders will participate. Promptly upon receipt of such notice, Administrative Agent will give notice
thereof to each Lender, specifying in such notice each Lender’s Pro Rata Share of such Swingline Loan or Loans. Each Lender
hereby absolutely and unconditionally agrees, within one Business Day after receipt of notice as provided in this Section 2.2(c),
to pay to Administrative Agent, for the account of Swingline Lender, such Lender’s Pro Rata Share of such Swingline Loan
or Loans (and to the extent such amounts are paid, such Swingline Loan shall be deemed to be a Revolving Loan (and not a Swingline
Loan) for purposes of this Agreement). Each Lender acknowledges and agrees that its obligation to acquire participations in Swingline
Loans pursuant to this Section 2.2(e) is absolute and unconditional and shall not be affected by any circumstance whatsoever,
including the occurrence and continuation of a Default or Event of Default or reduction or termination of the Revolving Commitments,
and that each such payment shall be made without any offset, counterclaim, defense, abatement, withholding or reduction whatsoever.
Each Lender shall comply with its obligation under this Section 2.2(e) by wire transfer of immediately available


 






    
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funds,
in the same manner as provided in Section 2.1(b)(iv) with respect to Loans made by such Lender (and Section 2.1(b)(iv)
shall apply, mutatis mutandis, to the payment obligations of the Lenders), and Administrative Agent shall promptly
pay to Swingline Lender the amounts so received by it from the Lenders. Administrative Agent shall notify Borrowers of any participation
in any Swingline Loan acquired pursuant to this Section 2.2(e), and thereafter payments in respect of such Swingline Loan
shall be made to Administrative Agent and not to Swingline Lender. Any amounts received by Swingline Lender from Borrowers (or
other party on behalf of Borrowers) in respect of a Swingline Loan after receipt by Swingline Lender of the proceeds of a sale
of participations therein shall be promptly remitted to Administrative Agent; any such amounts received by Administrative Agent
shall be promptly remitted by Administrative Agent to the Lenders that shall have made their payments pursuant to this Section
2.2(e) and to Swingline Lender, as their interests may appear. The purchase of participations in a Swingline Loan pursuant
to this Section 2.2(e) shall not relieve Borrowers of any default in the payment thereof.


 


		2.3	Letters of Credit



 


		(a)	Letters of Credit.



 


(i)                
Subject to the terms and conditions set forth herein, (A) on the Closing Date, each Existing Letter of Credit shall remain
outstanding, in accordance with its terms, and shall constitute a Letter of Credit hereunder; (B) each LC Issuing Bank agrees,
in reliance upon the agreements of the Revolving Lenders set forth in this Section 2.3, (1) from time to time on any Business
Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit denominated
in Dollars or in Canadian Dollars (subject to the limitations set forth below) for the account of US Borrower, Canada Borrower
or their respective Affiliates in an aggregate stated amount not to exceed such LC Issuing Bank’s “Revolving Loan
and Letter of Credit Commitment” set forth on Appendix A, and to amend or extend Letters of Credit previously issued by
it, in accordance with Section 2.3(b) below and the applicable LC Issuing Banks shall continue any Existing Letters of
Credit, and (2) to honor drawings under the Letters of Credit; and (C) the Revolving Lenders severally agree to participate in
Letters of Credit issued for the account of US Borrower or Canada Borrower or their respective Affiliates and any drawings thereunder;
provided that, in the case of clause (B)(1) above, after giving effect to any Credit Extension with respect to any Letter
of Credit, (w) solely with respect to Letters of Credit issued in support of obligations of Affiliates of the US Borrower or Canada
Borrower that are not Credit Parties or Restricted Subsidiaries, the requirements of Section 6.4(c) shall have been satisfied
as of the date of such issuance, (x) the Total Utilization of Revolving Commitments shall not exceed the Revolving Commitments
then in effect and (y) the L/C Obligations shall not exceed the L/C Sublimit then in effect. Each request by US Borrower or Canada
Borrower for the issuance, amendment or extension of a Letter of Credit shall be deemed to be a representation by US Borrower
or Canada Borrower (as applicable) that the Credit Extension so requested complies with the conditions set forth in clauses (x)
and (y). Within the foregoing limits, and subject to the terms and conditions hereof, US Borrower’s and Canada Borrower’s
ability to obtain Letters of Credit shall be fully revolving, and accordingly US Borrower and Canada Borrower may,


 






    
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during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have
expired or that have been drawn upon and reimbursed. Subject to the L/C Sublimit, the US Borrower or Canada Borrower, and any
Revolving Lender, may agree to and amend Appendix A to establish or increase (as the case may be) a commitment to issue
Letters of Credit by such Revolving Lender, which, for the avoidance of doubt, shall not require the consent of any other
Person.


 


		(ii)	No LC Issuing Bank shall
issue, amend or extend any Letter of Credit, if:



 


(1)              
subject to Section 2.3(b), the expiry date of the requested Letter of Credit would occur more than twelve (12) months
after the date of issuance or last extension, unless such LC Issuing Bank has approved such expiry date; provided that
any such Letter of Credit may provide for the renewal thereof in accordance with Section 2.3(b); or


 


(2)              
the expiry date of the requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless such Letter
of Credit will be Cash Collateralized on or prior to the Letter of Credit Expiration Date in an amount equal to at least 102%
of the face amount of such Letter of Credit;


 


provided
that, the terms of each Letter of Credit may, if requested by the US Borrower or Canada Borrower prior to issuance, amendment
or extension, as applicable, of such Letter of Credit, (A) require the LC Issuing Bank to give the beneficiary named in such Letter
of Credit notice of any notice of termination or non-renewal and (B) permit such beneficiary, upon receipt of such notice, to
draw under such Letter of Credit prior to the date such Letter of Credit otherwise would have been terminated or not renewed.


 


(iii)            
No LC Issuing Bank shall be under any obligation to issue, amend or extend any Letter of Credit if:


 


(1)              
any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain
such LC Issuing Bank from issuing the Letter of Credit, or any Governmental Rule applicable to such LC Issuing Bank or any request
or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such LC Issuing Bank
shall (A) prohibit, or request that such LC Issuing Bank refrain from, the issuance of letters of credit generally or the Letter
of Credit in particular, (B) impose upon such LC Issuing Bank with respect to the Letter of Credit any Change in Law or Governmental
Rule regarding required capital adequacy or liquidity (for which such LC Issuing Bank is not compensated under Section 2.17)
which was not in effect or applicable to such LC Issuing Bank on the Closing Date, or (C) impose upon such LC Issuing Bank any


 






    
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unreimbursed
loss, cost or expense (for which such LC Issuing Bank is not compensated under Section 2.17 or otherwise to the satisfaction
of the LC Issuing Bank, at the Borrowers’ election) which was not applicable on the Closing Date and which such LC Issuing
Bank in good faith, and in its sole discretion, deems material to it;


 


(2)              
the issuance of the Letter of Credit would violate one or more policies of the applicable LC Issuing Bank applicable to
letters of credit generally applied to such LC Issuing Bank’s similarly situated customers, including a policy not to issue
Letters of Credit in the requested currency;


 


(3)              
except as otherwise agreed by Administrative Agent and the applicable LC Issuing Bank (such consent not to be unreasonably
withheld), the Letter of Credit is in an initial stated amount less than twenty-five thousand Dollars ($25,000) or Canadian Dollars
(CAD $25,000); or


 


(4)              
any Revolving Lender is at that time a Defaulting Lender, unless the applicable LC Issuing Bank in good faith, and in its
sole discretion, is satisfied that (x) the participations in any existing Letters of Credit as well as the new, amended or extended
Letter of Credit has been or will be fully allocated among the Non-Defaulting Lenders in a manner consistent with Section 2.20(a)(iii)
or (y) such Defaulting Lender shall not participate therein except to the extent such Defaulting Lender’s participation
has been or will be fully Cash Collateralized in accordance with Section 2.20(c).


 


(iv)            
Each LC Issuing Bank shall agree to amend or extend any Letter of Credit if (1) such LC Issuing Bank would have any obligation
at such time to issue the Letter of Credit in its amended or extended form under the terms hereof, and (2) the beneficiary of
the Letter of Credit accepts the proposed amendment or extension to the Letter of Credit.


 


(v)              
Each LC Issuing Bank shall act on behalf of the Revolving Lenders with respect to any Letters of Credit issued by it and
the documents associated therewith, and each LC Issuing Bank shall have all of the benefits and immunities (1) provided to Administrative
Agent in Section 9 with respect to any acts taken or omissions suffered by such LC Issuing Bank in connection with Letters
of Credit issued by it or proposed to be issued by it and LC Issuer Documents pertaining to such Letters of Credit as fully as
if the term “Administrative Agent” as used in Section 9 included the LC Issuing Banks with respect to such
acts or omissions, and (2) as additionally provided herein with respect to the LC Issuing Banks.


 


(b)              
Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit.


 






    
	 	-54-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


(i)                
Subject to Section 3.2(a), each Letter of Credit shall be issued or amended, as the case may be, upon the request
of the US Borrower or Canada Borrower and delivered to the applicable LC Issuing Bank (with a copy to Administrative Agent) in
the form of a Notice of LC Activity and Certificate and Letter of Credit Application, appropriately completed and signed by an
Authorized Representative of US Borrower or Canada Borrower (as applicant for such Letter of Credit, as applicable); provided,
however, that amendments not expressly contemplated by such Notice of LC Activity and Certificate shall be as reasonably
agreed and coordinated by the LC Issuing Bank and the US Borrower or Canada Borrower (as applicable). Such Notice of LC Activity
and Certificate and Letter of Credit Application may be sent by facsimile, by United States mail, by overnight courier, by electronic
transmission using the system provided by the applicable LC Issuing Bank, by personal delivery or by any other means acceptable
to such LC Issuing Bank. Such Notice of LC Activity and Certificate and Letter of Credit Application must be received by the applicable
LC Issuing Bank and Administrative Agent not later than 1:00 p.m. (New York City time) at least three (3) Business Days (or such
later date and time as Administrative Agent, such LC Issuing Bank and US Borrower or Canada Borrower may agree in a particular
instance in their reasonable discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the
case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail
satisfactory to the applicable LC Issuing Bank: (A) the proposed issuance date of the requested Letter of Credit (which shall
be a Business Day); (B) the amount and currency thereof (Dollars or Canadian Dollars); (C) the expiry date thereof; (D) the name
and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder;
(F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and
nature of the requested Letter of Credit; and (H) such other matters as such LC Issuing Bank may reasonably require in accordance
with its customary practice, as applied to similarly-situated customers. In the case of a request for an amendment of any outstanding
Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable LC Issuing
Bank (1) the Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall be a Business Day); (3) the
nature of the proposed amendment (including, in the case of an extension of such Letter of Credit, the extended expiry date, which
shall be subject to Section 2.3(a)(ii)); and (4) such other matters as such LC Issuing Bank may reasonably require in accordance
with its customary practice, as applied to similarly-situated customers. Additionally, US Borrower or Canada Borrower (as applicable)
shall furnish to the applicable LC Issuing Bank (with a copy to the Administrative Agent) such other documents and information
pertaining to such requested Letter of Credit issuance or amendment, including any LC Issuer Documents, as such LC Issuing Bank
may reasonably require in accordance with its customary practice, as applied to similarly-situated customers.


 


(ii)              
Promptly after receipt of any Notice of LC Activity and Certificate and Letter of Credit Application, the applicable LC
Issuing Bank will confirm with Administrative Agent (by telephone or in writing) that Administrative Agent has received a copy
of such Notice of LC Activity and Certificate and Letter of Credit Application from US Borrower or Canada Borrower (as applicable)
and, if not, the applicable LC


 






    
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Issuing
Bank will provide Administrative Agent with a copy thereof. Unless the applicable LC Issuing Bank has received written notice
from any Lender, Administrative Agent or any Credit Party, at least one (1) Business Day prior to the requested date of issuance
or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Section 3.2 shall
not then be satisfied, then, subject to the terms and conditions hereof, such LC Issuing Bank shall, on the requested date, issue
a Letter of Credit for the account of US Borrower or Canada Borrower or their respective Affiliates (as applicable) or enter into
the applicable amendment, as the case may be, in each case in accordance with such LC Issuing Bank’s usual and customary
business practices and, if requested, its standard Letter of Credit Application. Immediately upon the issuance of each Letter
of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such
LC Issuing Bank a risk participation in such Letter of Credit in an amount equal to the product of such Revolving Lender’s
Pro Rata Share of the Revolving Commitments times the amount of such Letter of Credit.


 


(iii)            
If US Borrower or Canada Borrower so requests in any applicable Notice of LC Activity and Certificate or Letter of Credit
Application, the applicable LC Issuing Bank may, in its sole discretion, agree to issue a Letter of Credit that has automatic
extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension
Letter of Credit must permit such LC Issuing Bank to prevent any such extension at least once in each twelve (12) month period
(commencing with the date of issuance of such Letter of Credit) by giving prior written notice to the beneficiary thereof at least
sixty (60) days prior to the then scheduled expiry thereof (the “Non-Extension Notice Date”). US Borrower or
Canada Borrower shall not be required to make a specific request to such LC Issuing Bank for any such extension. Once an Auto-Extension
Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) such LC Issuing Bank to
permit the extension of such Letter of Credit at any time prior to an expiry date not later than the Letter of Credit Expiration
Date; provided, however, that such LC Issuing Bank shall not permit any such extension if (A) such LC Issuing Bank
has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its
revised form (as extended) under the terms hereof (by reason of Section 2.3(a)(ii) or (iii), Section 3.2
(other than Section 3.2(a)(i) and (v)) or otherwise), or (B) it has received notice (which may be by telephone
or in writing) on or before the day that is seven (7) Business Days before the Non-Extension Notice Date from Administrative Agent,
any Lender or US Borrower or Canada Borrower (as applicable) that one or more of the conditions specified in Section 3.2
(other than Section 3.2(a)(i) and (v)), the satisfaction of which would be required to issue such Letter of Credit
in its revised form (as extended), is not then satisfied, and in each such case directing such LC Issuing Bank not to permit such
extension; provided further that, the beneficiary of any such Letter of Credit shall be permitted to draw upon such Letter
of Credit at any time prior to its scheduled expiry date.


 


(iv)            
Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect
thereto or to the beneficiary thereof, the applicable LC Issuing Bank will also deliver to US Borrower or


 






    
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Canada
Borrower (as applicable) and Administrative Agent a true and complete copy of such Letter of Credit or amendment.


 


(v)              
The Existing Letters of Credit shall remain in place as if issued under this Section 2.3(b) on the Closing Date
and shall constitute Letters of Credit under this Agreement for all purposes, including determining usage of the Revolving Commitment,
accrual and payment of fees in respect of such Letters of Credit, the obligations of the applicable Borrower to reimburse each
LC Issuing Bank for any drawings under Existing Letters of Credit, the deemed borrowing of any Revolving Loans in respect of any
Unreimbursed Amounts, and otherwise.


 


		(c)	Drawings and Reimbursements;
Funding of Participations.



 


(i)                
Upon any payment by an LC Issuing Bank under any Letter of Credit against presentation of the drafts or other documents
or certificates required for a beneficiary to draw under such Letter of Credit (the date of each such payment, a “Honor
Date”), the relevant LC Issuing Bank that issued such Letter of Credit shall notify promptly US Borrower or Canada Borrower
(as applicable) and Administrative Agent thereof. Not later than 3:00 p.m. (New York City time) on the third Business Day following
the date of any payment by any LC Issuing Bank under a Letter of Credit (each such date, a “Reimbursement Date”),
the applicable Borrower (that was the applicant with respect to such Letter of Credit) shall reimburse such LC Issuing Bank in
an amount equal to the amount of such drawing together with interest (if any) on such amount calculated with respect to Letters
of Credit at the Base Rate or Canadian Prime Rate (as applicable) (the “Reimbursement Amount”). Unless the
applicable Borrower shall have notified Administrative Agent and such LC Issuing Bank prior to 11:00 a.m. (New York City time)
on the Reimbursement Date that such Borrower intends to reimburse such LC Issuing Bank for the Reimbursement Amount with funds
other than the proceeds of Revolving Loans, such Borrower (for its account) shall be deemed to have given a timely Borrowing Notice
And Certificate to Administrative Agent (as described in the next sentence) and Administrative Agent shall promptly notify each
Revolving Lender of the Honor Date, the Reimbursement Amount (expressed in Dollars or Canadian Dollars (as applicable)) (the “Unreimbursed
Amount”), and the amount of such Revolving Lender’s Pro Rata Share thereof. In such event, so long as no Event
of Default has occurred and is continuing, the applicable Borrower shall be deemed to have requested a borrowing (by such Borrower)
of a Revolving Loan that is a Eurodollar Rate Loan or CDOR Loan (as applicable) to be disbursed on the Reimbursement Date in an
amount equal to the Reimbursement Amount, without regard to the minimum and multiples specified in Section 2.1 for the
principal amount of Revolving Loans, but subject to the amount of the unutilized portion of the Revolving Commitments. Any notice
given by such LC Issuing Bank or Administrative Agent pursuant to this Section 2.3(c)(i) may be given by telephone if immediately
confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding
effect of such notice.


 


(ii)              
Each Revolving Lender shall upon any notice pursuant to Section 2.3(c)(i) make (or cause any domestic or foreign
branch or Affiliate of such


 






    
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Revolving
Lender to make) funds available (and Administrative Agent may apply Cash Collateral provided for this purpose) for the account
of the applicable LC Issuing Bank, in Dollars or Canadian Dollars (as applicable), at Administrative Agent’s Principal Office
for Dollar or Canadian Dollar denominated payments (as applicable with respect to such Letter of Credit) in an amount equal to
its Pro Rata Share of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by Administrative
Agent, whereupon, subject to the provisions of Section 2.3(c)(iii), each Revolving Lender that so makes funds available
shall be deemed to have made a Revolving Loan that is a Eurodollar Rate Loan or CDOR Loan to US Borrower or Canada Borrower (as
applicable) in such amount. Administrative Agent shall remit the funds so received to the applicable LC Issuing Bank in Dollars
or Canadian Dollars (as applicable).


 


(iii)            
With respect to any Unreimbursed Amount that is not fully refinanced by a borrowing of Revolving Loans because an Event
of Default has occurred and is continuing, US Borrower or Canada Borrower (as applicable with respect to such Letter of Credit)
shall be deemed to have incurred from the applicable LC Issuing Bank an L/C Borrowing in the amount of the Reimbursement Amount
that is not so refinanced, which L/C Borrowing shall be due and payable by such Borrower on demand (together with interest) and
shall bear interest at the Default Rate from and after the date such L/C Borrowing is deemed to have occurred. In such event,
each payment by a Revolving Lender (or by such Revolving Lender’s domestic or foreign branch or Affiliate) to Administrative
Agent for the account of the applicable LC Issuing Bank pursuant to Section 2.3(c)(ii) shall be deemed payment in respect
of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Revolving Lender in satisfaction of its
participation obligation under this Section 2.3.


 


(iv)            
Unless and until a Revolving Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.3(c) to reimburse
the applicable LC Issuing Bank for any amount drawn under any Letter of Credit, interest in respect of such Revolving Lender’s
Pro Rata Share of such amount shall be solely for the account of such LC Issuing Bank.


 


(v)              
Each Revolving Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the applicable LC Issuing
Bank for amounts drawn under Letters of Credit, as contemplated by this Section 2.3(c), shall be absolute and unconditional
and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which
such Revolving Lender may have against such LC Issuing Bank, US Borrower, Canada Borrower, any Restricted Subsidiary or any other
Person for any reason whatsoever; (B) the occurrence or continuance of a Default or Event of Default, or (C) any other occurrence,
event or condition, whether or not similar to any of the foregoing; provided, however, that no Revolving Lender
will be obligated to make Revolving Loans pursuant to this Section 2.3(c) if an Event of Default has occurred and is continuing.
No such making of an L/C Advance shall relieve or otherwise impair the obligation of US Borrower or Canada Borrower (with respect
to Letters of Credit issued at its request) to reimburse the applicable LC Issuing Bank for the amount of any payment made by
such LC Issuing Bank under any Letter of Credit, together with interest as provided herein.


 






    
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(vi)            
If any Revolving Lender fails to make available to Administrative Agent for the account of the applicable LC Issuing Bank
any amount required to be paid by such Revolving Lender pursuant to the foregoing provisions of this Section 2.3(c) by
the time specified in Section 2.3(c)(ii), then, without limiting the other provisions of this Agreement, the applicable
LC Issuing Bank shall be entitled to recover from such Revolving Lender (acting through Administrative Agent), on demand, such
amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately
available to the applicable LC Issuing Bank at a rate per annum equal to the applicable Overnight Rate from time to time in effect,
plus any administrative, processing or similar fees customarily charged by the LC Issuing Bank in connection with the foregoing.
If such Revolving Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving
Lender’s Revolving Loan included in the relevant borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the
case may be. A certificate of the applicable LC Issuing Bank submitted to any Revolving Lender (through Administrative Agent)
with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.


 


		(d)	Repayment of Participations.



 


(i)                
At any time after the applicable LC Issuing Bank has made a payment under any Letter of Credit and has received from any
Revolving Lender such Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.3(c),
if Administrative Agent receives for the account of the applicable LC Issuing Bank any payment in respect of the related Unreimbursed
Amount or interest thereon (whether directly from US Borrower or Canada Borrower (as applicable) or otherwise, including proceeds
of Cash Collateral applied thereto by Administrative Agent), Administrative Agent will distribute to such Revolving Lender its
Pro Rata Share thereof in Dollars, Canadian Dollars or in the same funds as those received by Administrative Agent.


 


(ii)              
If any payment received by Administrative Agent for the account of the applicable LC Issuing Bank pursuant to Section
2.3(c)(i) is required to be returned under any of the circumstances described in Section 10.10 (including pursuant
to any settlement entered into by such LC Issuing Bank in its discretion), each Revolving Lender shall pay to Administrative Agent
for the account of the applicable LC Issuing Bank its Pro Rata Share thereof on demand of Administrative Agent, plus interest
thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to
the applicable Overnight Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive
the payment in full of the Obligations and the termination of this Agreement.


 


(e)               
Obligations Absolute. The obligation of US Borrower or Canada Borrower (as applicable) to reimburse an LC Issuing
Bank for each L/C Borrowing (requested or deemed requested by it) under each Letter of Credit and to repay each L/C Borrowing
(as further set forth herein) shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with
the terms of this Agreement under all circumstances, including the following:


 






    
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(i)                
any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Credit Document;


 


(ii)              
the existence of any claim, counterclaim, setoff, defense or other right that Borrowers or any Affiliate may have at any
time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such
transferee may be acting), such LC Issuing Bank or any other Person, whether in connection with this Agreement, the transactions
contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;


 


(iii)            
any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent,
invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay
in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit;


 


(iv)            
waiver by such LC Issuing Bank of any requirement that exists for such LC Issuing Bank’s protection and not the protection
of US Borrower or Canada Borrower or any waiver by such LC Issuing Bank which does not in fact materially prejudice US Borrower
or Canada Borrower (as applicable);


 


(v)              
honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form
of a draft;


 


(vi)            
any payment made by such LC Issuing Bank in respect of an otherwise complying item presented after the date specified as
the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such
date is authorized by the UCC, the ISP or the UCP, as applicable;


 


(vii)          
any payment by such LC Issuing Bank under such Letter of Credit against presentation of a draft or certificate that does
not strictly comply with the terms of such Letter of Credit; or any payment made by such LC Issuing Bank under such Letter of
Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator,
receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any
arising in connection with any proceeding under any Debtor Relief Law;


 


(viii)        
any adverse change in the relevant exchange rates or in the availability of Canadian Dollars to US Borrower or Canada Borrower
or any of their respective Affiliates or in the relevant currency markets generally; or


 


(ix)            
any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance
that might otherwise constitute a defense available to, or a discharge of, US Borrower or Canada Borrower or any of their respective
Affiliates.


 


US
Borrower or Canada Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered
to it and, in the event of any claim of


 






    
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noncompliance
with US Borrower’s or Canada Borrower’s instructions or other irregularity, US Borrower or Canada Borrower (as applicable)
will promptly notify the applicable LC Issuing Bank. US Borrower or Canada Borrower (as applicable) shall be conclusively deemed
to have waived any such claim against the applicable LC Issuing Bank and its correspondents unless such notice is given as aforesaid.


 


(f)               
Role of LC Issuing Bank. In paying any drawing under a Letter of Credit, each LC Issuing Bank shall not have any
responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter
of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing
or delivering any such document. None of the LC Issuing Banks, Administrative Agent, any of their respective Related Parties nor
any participant or assignee of the LC Issuing Banks shall be liable to any Lender for (i) any action taken or omitted in connection
herewith at the request or with the approval of the Lenders or the Required Revolving Lenders, as applicable; (ii) any action
taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity
or enforceability of any document or instrument related to any Letter of Credit or LC Issuer Document. Each of US Borrower and
Canada Borrower (as applicable) hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect
to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude
US Borrower or Canada Borrower from pursuing such rights and remedies as it may have against the beneficiary or transferee at
law or under any other agreement. None of the LC Issuing Banks, Administrative Agent, any of their respective Related Parties
nor any participant or assignee of the LC Issuing Banks shall be liable or responsible for any of the matters described in clauses
(i) through (ix) of Section 2.3(e); provided, however, that anything in such clauses to the contrary notwithstanding,
US Borrower or Canada Borrower (as applicable) may have a claim against the LC Issuing Banks, and the LC Issuing Bank may be liable
to US Borrower or Canada Borrower (as applicable), to the extent, but only to the extent, of any direct, as opposed to consequential
or exemplary, damages suffered by either US Borrower or Canada Borrower which US Borrower or Canada Borrower proves were caused
by such LC Issuing Bank’s willful misconduct or gross negligence. In furtherance and not in limitation of the foregoing,
such LC Issuing Bank may, in its sole discretion, accept documents that appear on their face to be in order, without responsibility
for further investigation, regardless of any notice or information to the contrary, and such LC Issuing Bank shall not be responsible
for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit
or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for
any reason. The LC Issuing Banks may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society
for Worldwide Interbank Financial Telecommunication (known as “SWIFT”) message or overnight courier, or any
other commercially reasonable means of communicating with a beneficiary.


 


(g)              
Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by an LC Issuing Bank and
US Borrower or Canada Borrower (as applicable) when a Letter of Credit is issued, the rules of the ISP or UCP shall apply to each
Letter of Credit. Notwithstanding the foregoing, the LC Issuing Banks shall not be responsible to US Borrower or Canada Borrower
for, and such LC Issuing Bank’s rights and remedies against US Borrower or Canada Borrower (as applicable) shall not be
impaired by, any action or inaction of such LC Issuing Bank required or permitted under any Governmental Rule that is required
or permitted to


 






    
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be
applied to any Letter of Credit or this Agreement, including the Governmental Rules of a jurisdiction where such LC Issuing Bank
or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements,
or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial
Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit
chooses such law or practice.


 


(h)              
Reporting of Letter of Credit Information. For so long as any Letter of Credit issued by an LC Issuing Bank other
than Administrative Agent is outstanding, such LC Issuing Bank shall deliver to Administrative Agent and US Borrower or Canada
Borrower on the last Business Day of each calendar month, and on each date that an Credit Extension occurs with respect to any
such Letter of Credit, a report in the form satisfactory to Administrative Agent, appropriately completed with the information
for every outstanding Letter of Credit issued by such LC Issuing Bank. Administrative Agent shall deliver to the Lenders on a
monthly basis a report of all outstanding Letters of Credit.


 


(i)                
Letters of Credit Issued for Affiliates. Notwithstanding that a Letter of Credit issued or outstanding hereunder
is in support of any obligations of, or is for the account of, a Restricted Operating Company Subsidiary or any other Affiliate
of a Borrower, US Borrower or Canada Borrower (as applicable) (as applicant with respect to such Letter of Credit) shall be obligated
to reimburse the applicable LC Issuing Bank hereunder for any and all drawings under such Letter of Credit. Each Borrower hereby
acknowledge that the issuance of Letters of Credit for the account of any Restricted Operating Company Subsidiary or any other
Affiliate of such Borrower inures to the benefit of such Borrower, and that such Borrower’s business derives substantial
benefits from the businesses of such parties.


 


(j)                
Limitations. Notwithstanding anything to the contrary herein, for avoidance of doubt, any Letter of Credit requested
by US Borrower (and all obligations of reimbursement with respect thereto, including on account of any L/C Borrowing) shall not
be (or be deemed) guaranteed by Canada Borrower or subject to reimbursement by Canada Borrower in excess of the limitations set
forth in Section 7.11.


 


2.4             
Pro Rata Shares. All Revolving Loans shall be made, and all participations in Letters of Credit and Swingline Loans
shall be purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that
the obligations of the Lenders hereunder are separate, no Lender shall be responsible for any default by any other Lender in such
other Lender’s obligation to make a Revolving Loan requested hereunder or purchase such participation required hereby nor
shall any Revolving Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other
Lender’s obligation to make a Revolving Loan requested hereunder or purchase such participation required hereby.


 


2.5             
Use of Proceeds. The proceeds of the Revolving Loans and the issuance of Letters of Credit shall be applied by Borrowers
for Permitted Uses. The proceeds of a Swingline Loan shall be applied by Borrowers for Permitted Swingline Uses. No portion of
the proceeds of any Credit Extension shall be used in any manner that causes or might cause such Credit Extension or the application
of such proceeds to violate Regulation U or Regulation X of the


 






    
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Board
of Governors of the Federal Reserve System or any other regulation thereof or to violate the Exchange Act.


 


		2.6	Evidence of Debt; Lenders’
Books and Records; Notes



 


(a)               
Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing
the Obligations of Borrowers to such Lender, including the amounts of the Revolving Loans made by it and each repayment and prepayment
in respect thereof. Any such recordation shall be conclusive and binding on Borrowers, absent manifest error; provided
that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitments
or Borrowers’ Obligations in respect of any applicable Loans; and provided further, in the event of any inconsistency
between the Register and any Lender’s records, the recordations in the Register shall govern.


 


(b)              
Notes. If so requested by any Lender by written notice to Borrowers (with a copy to Administrative Agent) at least
five (5) Business Days prior to the Closing Date, or at any time thereafter, to the effect that a promissory note or other
evidence of indebtedness is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement
or otherwise) the Loans owing to, or to be made by, such Lender, the Borrowers shall execute and deliver to such Lender (or, if
applicable and if so specified in such notice, to any Person who is a permitted assignee of such Lender pursuant to Section 10.6)
on the Closing Date (or, if such notice is delivered after the date that is five (5) Business Days prior to the Closing Date,
promptly after Borrowers’ receipt of such notice) a Note or Notes to evidence such Lender’s Loan, as the case may
be (and, if applicable, prior to its receipt of any such new Note or Notes, such Lender shall surrender any previously issued
Notes to Administrative Agent for cancellation).


 


(c)               
Booking of Loans. Any Lender may make, carry or transfer Loans at, to, or for the account of any of its branch offices
or the office of an Affiliate of such Lender.


 


		2.7	Interest on Loans



 


(a)               
Except as otherwise set forth herein, each Loan shall bear interest on the unpaid principal amount thereof from the date
made through repayment (whether by acceleration or otherwise) thereof as follows: (i) if a Base Rate Loan, at the Base Rate
plus the Applicable Margin for Base Rate Loans; (ii) if a Eurodollar Rate Loan, at the Eurodollar Rate plus the Applicable
Margin for Eurodollar Rate Loans; (iii) if a Canadian Prime Rate Loan, at the Canadian Prime Rate plus the Applicable Margin for
Canadian Prime Rate Loans; and (iv) if a CDOR Loan, at the CDOR Rate plus the Applicable Margin for CDOR Loans.


 


(b)              
The basis for determining the rate of interest with respect to any Revolving Loan, and the Interest Period with respect
to any Eurodollar Rate Loan or CDOR Loan, shall be selected by Borrowers and notified to Administrative Agent pursuant to the
applicable Borrowing Notice And Certificate or Conversion/Continuation Notice, as the case may be. If on any day a Revolving Loan
is outstanding with respect to which a Borrowing Notice And Certificate or Conversion/Continuation Notice has not been delivered
to Administrative Agent in accordance with the terms hereof specifying the applicable basis for


 






    
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determining
the rate of interest, then for that day such Revolving Loan shall be a Base Rate Loan or Canadian Prime Rate Loan (as applicable).
Each Swingline Loan shall be a Base Rate Loan or Canadian Prime Rate Loan (as applicable).


 


(c)               
In connection with Eurodollar Rate Loans and CDOR Loans (in the aggregate) there shall be no more than eighteen (18) Interest
Periods outstanding at any time. In the event Borrowers fail to specify between a Base Rate Loan or a Eurodollar Rate Loan (or
a Canadian Prime Rate Loan or a CDOR Loan, as applicable) in the applicable Borrowing Notice And Certificate or Conversion/Continuation
Notice, such Revolving Loan (if outstanding as a Eurodollar Rate Loan or CDOR Loan) will be automatically converted into a Base
Rate Loan or Canadian Prime Rate Loan on the last day of the then-current Interest Period for such Revolving Loan (or if outstanding
as a Base Rate Loan or Canadian Prime Rate Loan will remain as, or (if not then outstanding) will be made as, a Base Rate Loan
or Canadian Prime Rate Loan). In the event Borrowers fail to specify an Interest Period for any Eurodollar Rate Loan or CDOR Loan
in the applicable Borrowing Notice And Certificate or Conversion/Continuation Notice, Borrowers shall be deemed to have selected
an Interest Period of one (1) month. Administrative Agent shall promptly notify Borrowers and the Lenders of the interest rate
applicable to any Interest Period for Eurodollar Rate Loans or CDOR Loans upon determination of such interest rate. At any time
that Base Rate Loans or Canadian Prime Rate Loans are outstanding, Administrative Agent shall notify Borrowers and the Lenders
of any change in Administrative Agent’s prime rate used in determining the Base Rate or Canadian Prime Rate promptly following
the public announcement of such change.


 


(d)              
Interest payable pursuant to Section 2.7(a) shall be computed (i) in the case of CDOR Loans and in the case
of Base Rate Loans or Canadian Prime Rate Loans bearing interest at a rate determined by reference to a Base Rate or Canadian
Prime Rate (as applicable) calculated pursuant to clause (a) of the definition of Base Rate or Canadian Prime Rate (as applicable),
on the basis of a 365- day or 366-day year, as the case may be, and (ii) in the case of all other Base Rate
Loans, Canadian Prime Rate Loans and Eurodollar Rate Loans, on the basis of a 360-day year, in each case for the actual number
of days elapsed in the period during which it accrues. In computing interest on any Revolving Loan, the date of the making of
such Revolving Loan or the first day of an Interest Period applicable to such Revolving Loan or, with respect to a Base Rate Loan
or Canadian Prime Rate Loans being converted from a Eurodollar Rate Loan or CDOR Loan (as applicable), the date of conversion
of such Eurodollar Rate Loan to such Base Rate Loan (or Canadian Prime Rate Loan to CDOR Loan), as the case may be, shall be included,
and the date of payment of such Revolving Loan or the expiration date of an Interest Period applicable to such Revolving Loan
or, with respect to a Base Rate Loan or Canadian Prime Rate Loan being converted to a Eurodollar Rate Loan or CDOR Loan, the date
of conversion of such Base Rate Loan to such Eurodollar Rate Loan (or Canadian Prime Rate Loan to CDOR Loan), as the case may
be, shall be excluded; provided, if a Revolving Loan is repaid on the same day on which it is made, one (1) day’s
interest shall be paid on that Revolving Loan.


 


(e)               
Except as otherwise set forth herein, interest on each Revolving Loan (i) shall accrue on a daily basis and shall
be payable in arrears on each Interest Payment Date with respect to interest accrued on and to each such payment date; (ii) shall
accrue on a daily basis and shall be payable in arrears upon any prepayment of that Revolving Loan, whether voluntary or mandatory,
to the extent accrued on the amount being prepaid; and (iii) shall accrue


 






    
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on
a daily basis and shall be payable in arrears at maturity of the Revolving Loans, including final maturity of the Revolving Loans.


 


(f)               
US Borrower agrees to pay to the Administrative Agent (for the benefit of each LC Issuing Bank), with respect to drawings
honored under any Letter of Credit issued by an LC Issuing Bank, interest on the amount paid by such LC Issuing Bank in respect
of each such honored drawing, at a rate equal to (i) for the period from the Honor Date to but excluding the Reimbursement
Date, the rate of interest otherwise payable hereunder with respect to Revolving Loans that are Base Rate Loans or Canadian Prime
Rate Loans, and (ii) thereafter, the Default Rate in respect of any Unreimbursed Amounts that have not been refinanced in
accordance with Section 2.3(c)(i). For the period of time between the Honor Date and the Reimbursement Date (or such later
date such amount is reimbursed on behalf of US Borrower), the interest accruing on such amounts will be for the account of the
applicable LC Issuing Bank until reimbursed for all amounts other than the LC Issuing Bank’s Pro Rata Share thereof.


 


(g)              
Interest payable pursuant to Sections 2.7(f) shall be computed on the basis of a 365/366-day year for
the actual number of days elapsed in the period during which it accrues, and shall be payable on demand or, if no demand is made,
on the date on which the related drawing under a Letter of Credit is reimbursed in full. Promptly upon receipt by the Administrative
Agent of any payment of interest pursuant to Section 2.7(f), the Administrative Agent shall distribute to each Revolving
Lender, out of the interest received by the Administrative Agent in respect of the period from the date such drawing is honored
to but excluding the date on which the applicable LC Issuing Bank is reimbursed for the amount of such drawing (including any
such reimbursement out of the proceeds of any Revolving Loans), the amount that such Revolving Lender would have been entitled
to receive in respect of the Letter of Credit Fees that would have been payable in respect of such Letter of Credit for such period
if no drawing had been honored under such Letter of Credit.


 


(h)              
Canada Interest Act. For the purposes of the Interest Act (Canada) and disclosure under such act, whenever
interest to be paid under this Agreement is to be calculated on the basis of a year of 360 or 365 days or any other period of
time that is less than a calendar year, the yearly rate of interest to which the rate used pursuant to such calculation is equivalent
is the rate so used multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided
by either 360 or 365 or such other period of time, as the case may be.


 


		2.8	Conversion/Continuation



 


(a)               
Subject to Section 2.16 and (with respect to continuations of, or conversions into, Eurodollar Rate Loans or CDOR
Loans) so long as no Event of Default shall have occurred and then be continuing, Borrowers shall have the option:


 


(i)                
to convert at any time all or any part of any Revolving Loan in a minimum amount equal to five hundred thousand Dollars
($500,000) or Canadian Dollars (CAD $500,000) and integral multiples of fifty thousand Dollars ($50,000) or Canadian Dollars (CAD
$50,000) in excess of that amount or, if different, the entire amount of the Revolving Loan being converted, from one Type of
Loan to another Type of Loan;


 






    
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provided,
a Eurodollar Rate Loan or CDOR Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar
Rate Loan or CDOR Loan unless Borrowers shall pay all amounts due under Section 2.16 in connection with any such conversion;
or


 


(ii)              
upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan or CDOR Loan, to continue all or any
portion of such Revolving Loan in a minimum amount equal to five hundred thousand Dollars ($500,000) or Canadian Dollars (CAD
$500,000) and integral multiples of fifty thousand Dollars ($50,000) or Canadian Dollars (CAD $50,000) in excess of that amount
or, if different, the entire amount of the Revolving Loan being continued, as a Eurodollar Rate Loan or CDOR Loan.


 


(b)              
Borrowers shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 11:00 a.m. (New York
City time) on the date of the proposed Conversion/Continuation Date (in the case of a conversion to, or continuation of, a Base
Rate Loan or Canadian Prime Rate Loan) and at least three (3) Business Days in advance of the proposed Conversion/Continuation
Date (in the case of a conversion to an Eurodollar Rate Loan or CDOR Loan). Subject to the foregoing, in the event that the applicable
Borrower shall not deliver a Conversion/Continuation Notice with respect to any Eurodollar Rate Loan or CDOR Loan as provided
above, such Eurodollar Rate Loan or CDOR Loan (unless repaid) shall automatically be continued as a Eurodollar Rate Loan or CDOR
Loan (as applicable) with a one month Interest Period at the expiration of the then current Interest Period. A Conversion/Continuation
Notice for conversion to, or continuation of, any Eurodollar Rate Loan or CDOR Loan (or telephonic notice in lieu thereof) shall
be revocable on and after the related Interest Rate Determination Date; provided that the applicable Borrower shall be
bound to effect a conversion or continuation in accordance therewith unless such Borrower compensates Lenders in accordance with
Section 2.16(c).


 


2.9             
Default Interest. During such periods that an Event of Default has occurred and is continuing, all outstanding Obligations
shall bear interest at a rate per annum equal to the Default Rate from the date such payment was due to but excluding the date
such Event of Default is remedied or waived. Interest payable at the Default Rate shall be payable from time to time on demand.


 


		2.10	Fees



 


(a)               
Borrowers agree to pay to Administrative Agent for the ratable benefit of each Lender having Revolving Commitment fees
equal to (1) the average of the daily difference between (A) the Revolving Commitments (regardless of any availability
limitation as of the date of determination), and (B) the Total Utilization of Revolving Commitments (excluding, except with
respect to the calculation of fees payable to the Swingline Lender, the outstanding principal amount of the Swingline Loans),
times (2) the applicable Commitment Fee Rate for the applicable period.


 


(b)              
US Borrower agrees to pay the following fees or cause the following fees to be paid to:


 






    
	 	-66-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


(i)                
each LC Issuing Bank for its own account, a fronting fee equal to one eighth of one percent (0.125%) per annum of the average
aggregate daily maximum amount available to be drawn under all Letters of Credit issued by such LC Issuing Bank (determined as
of the close of business on any date of determination); and


 


(ii)              
Administrative Agent for the ratable benefit of each Lender participating in each Letter of Credit, letter of credit fees
(“Letter of Credit Fees”) equal to (1) the Applicable Margin for Revolving Loans that are Eurodollar Rate
Loans or CDOR Loans (as applicable), times (2)  the average aggregate daily maximum amount available to be drawn under all
such Letters of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business
on any date of determination).


 


(iii)            
each LC Issuing Bank for its own account, such documentary and processing charges for any issuance, amendment, transfer
or payment of a Letter of Credit as are in accordance with such LC Issuing Bank’s standard schedule for such charges and
as in effect (and delivered to US Borrower) at the time of such issuance, amendment, transfer or payment, as the case may be.


 


(c)               
All fees referred to in Sections 2.10(a) and (b)(ii) shall be paid to Administrative Agent at its Principal Office
and upon receipt, Administrative Agent shall promptly distribute to each Lender its Pro Rata Share thereof.


 


(d)              
All fees referred to in Sections 2.10(a) and (b) shall be calculated on the basis of a 360-day year and the actual
number of days elapsed. All fees referred to in Sections 2.10(a) and (b) shall be payable by Borrowers quarterly in arrears
on March 31, June 30, September 30 and December 31 of each year during the Revolving Commitment Period commencing
on the first such date to occur after the Closing Date, and on the Revolving Commitment Termination Date; provided, however,
that any fronting fees pursuant to Section 2.10(b)(i) shall be payable three (3) Business Days after receipt by US Borrower
of an invoice from the applicable LC Issuing Bank with respect thereto.


 


(e)               
In addition to any of the foregoing fees, each Borrower agrees to pay to Agents and Lenders such other fees in the amounts
and at the times separately agreed upon in fee letters.


 


(f)               
No Revolving Commitment fees shall be payable with respect to any unused portion of the Revolving Commitment to the extent
irrevocably cancelled by Borrowers.


 


		2.11	Voluntary Prepayments/Commitment
Reductions



 


		(a)	Voluntary Prepayments.



 


		(i)	At any time and from time
to time:



 


(1)              
with respect to Base Rate Loans or Canadian Prime Rate Loans, Borrowers may prepay any such Loans on any Business Day in
whole or in part; and


 






    
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(2)              
with respect to Eurodollar Rate Loans or CDOR Loans, Borrowers may prepay any such Loans on any Business Day in whole or
in part.


 


		(ii)	All such prepayments shall
be made:



 


(1)              
without premium or penalty (except as provided in Section 2.16(c));


 


(2)              
together with accrued interest on the principal amount being prepaid;


 


(3)              
(i) in respect of Eurodollar Rate Loans or CDOR Loans, in a principal amount of $500,000 (Dollars or Canadian Dollars)
or a whole multiple of $50,000 (Dollars or Canadian Dollars) in excess thereof; and (ii) in respect of Base Rate Loans or Canadian
Prime Rate Loans, in a principal amount of $500,000 (Dollars or Canadian Dollars) or a whole multiple of $50,000 (Dollars or Canadian
Dollars) in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding


 


(4)              
upon written or telephonic notice received on the same day or any Business Day prior thereto, in the case of Base Rate
Loans or Canadian Prime Rate Loans; and


 


(5)              
upon not less than two (2) Business Days’ prior written or telephonic notice in the case of Eurodollar Rate
Loans or CDOR Loans;


 


in each
case given to Administrative Agent, as the case may be, by 1:00 p.m. (New York City time) on the date required and, if given
by telephone, promptly confirmed in writing to Administrative Agent (and Administrative Agent will promptly transmit such telephonic
or original notice for Loans by telefacsimile or telephone to each applicable Lender). Upon the giving of any such notice, the
principal amount of the Loans specified in such notice shall become due and payable on the prepayment date specified therein;
provided that a notice of prepayment may state that it is contingent upon the effectiveness of other transactions, in which case
such notice of prepayment may be revoked by the applicable Borrower on or prior to the specified effective date. Any such voluntary
prepayment shall be applied as specified in Section 2.12(a).


 


		(b)	Commitment Reductions.



 


(i)                
Borrowers may, upon not less than one (1) Business Day’s prior written or telephonic notice promptly confirmed in
writing to Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile
or telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without
premium or penalty, the Revolving Commitments in an amount up to the amount by which the Revolving Commitments exceed the Total
Utilization of Revolving Commitments at the time of such proposed termination or reduction; provided, any such partial
reduction of the


 






    
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Revolving
Commitments shall be in an aggregate minimum amount of five million Dollars ($5,000,000) and integral multiples of one million
Dollars $1,000,000 in excess of that amount.


 


(ii)              
Borrowers’ notice to Administrative Agent shall designate the date (which shall be a Business Day) of such termination
or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Commitments shall be
effective on the date specified in Borrowers’ notice and shall reduce the Revolving Commitment of each Lender proportionately
to its Pro Rata Share thereof.


 


		2.12	Mandatory Prepayments



 


(a)               
Asset Sales. Subject to Sections 2.12(f) and 2.13(d), no later than the tenth (10th) Business
Day following the date of receipt by Borrowers or Restricted Holding Company Subsidiary of any Net Asset Sale Proceeds which exceed
the amounts set forth in Section 6.7(d), the applicable Borrower shall prepay the Loans as set forth in Section 2.13(b)
in an aggregate amount equal to such Net Asset Sale Proceeds; provided, however that with respect to any
Revolving Loans, no such prepayment shall be required to the extent that during such 10 Business Day prepayment period the Borrowers
could have reborrowed Revolving Loans equal to or in excess of such prepayment amount.


 


(b)              
Insurance/Condemnation Proceeds. Subject to Sections 2.12(f) and 2.13(d), no later than the tenth
(10th) Business Day following the date of receipt by Borrowers or any Restricted Holding Company Subsidiary of any
Net Insurance/Condemnation Proceeds, the applicable Borrower shall prepay the Loans as set forth in Section 2.13(b) in
an aggregate amount equal to such Net Insurance/Condemnation Proceeds; provided, however that with respect to any
Revolving Loans, no such prepayment shall be required to be made to the extent that during such 10 Business Day prepayment period,
the Borrowers could have reborrowed Revolving Loans equal to or in excess of such prepayment amount.


 


(c)               
Issuance of Debt. No later than the tenth (10th) Business Day following the date of receipt by Borrowers
or any Restricted Holding Company Subsidiary of any Net Cash Proceeds from the incurrence of any Indebtedness for borrowed money
by Borrowers or any Restricted Holding Company Subsidiary (other than Permitted Indebtedness), Borrowers shall prepay the Loans
as set forth in Section 2.13(b) in an aggregate amount equal to such proceeds.


 


(d)              
Equity Cure Proceeds. Immediately following receipt by Borrowers of a Cure Amount pursuant to Section 8.12,
Borrowers shall prepay the Loans as set forth in Section 2.13(b) in an aggregate amount equal to such Cure Amount. For
the avoidance of doubt this clause (d) shall not require the prepayment of any amount of any equity raised, or capital contribution
received, in excess of the Cure Amount, which excess amount may be retained by the Borrowers (or any other party) to the extent
otherwise permitted (or not prohibited) hereunder.


 


(e)               
Revolving Loans. Borrowers shall from time to time prepay the Revolving Loans to the extent necessary so that the
Total Utilization of Revolving Commitments shall not at any time exceed the Revolving Commitments then in effect; provided that,
for


 






    
	 	-69-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


purposes
of calculating the Dollar Equivalent of any Canadian Dollar Loans, the Spot Rate used to determine the Total Utilization of Revolving
Commitments from time to time shall be the applicable Spot Rate on the Revaluation Date immediately preceding such determination.


 


(f)               
Prepayments of Incremental Equivalent Debt. Notwithstanding Sections 2.12(a) through (d), Borrowers
may, by written notice to the Administrative Agent, elect to apply any such Net Asset Sale Proceeds, Net Insurance/Condemnation
Proceeds, Indebtedness proceeds or Equity Cure proceeds on a pro rata basis (or, so long as no Event of Default shall be
continuing, greater than pro rata basis with respect to Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds with respect
to first lien Incremental Equivalent Debt in the form of notes or term loans) (i) in accordance with Section 2.13(b) and
(ii) to prepay, or offer to repurchase, any outstanding senior secured first lien Incremental Equivalent Debt that by its terms
expressly requires Borrowers to prepay (or offer to repurchase) such Incremental Equivalent Debt with such proceeds; it being
understood that any such proceeds not so applied to repay or repurchase such Incremental Equivalent Debt (due to the declining
of such offer to repurchase by the holders thereof or for any other reason) shall, subject to Section 2.13(d) and the limitations
set forth in Sections 2.12(a) and (b), be applied in accordance with Section 2.13(b).


 


(g)              
Prepayment Certificate. Concurrently with any prepayment of the Revolving Loans pursuant to Sections 2.12(a)
through 2.12(e), Borrowers shall deliver to Administrative Agent a certificate of an Authorized Representative
demonstrating the calculation of the amount required to be prepaid. In the event that Borrowers shall subsequently determine that
the actual amount received exceeded the amount set forth in such certificate, Borrowers shall promptly make an additional prepayment
of the Loans in an amount equal to such excess, and Borrowers shall concurrently therewith deliver to Administrative Agent a certificate
of an Authorized Representative demonstrating the derivation of such excess.


 


(h)              
No Waiver. The acceptance by any Lender of any prepayment amount shall not constitute a consent or waiver of such
Lenders’ rights with respect to any other provision set forth in the Credit Documents, including covenants related to Lenders’
consent rights with respect to Asset Sales and incurrence of Indebtedness.


 


(i)                
Repatriation. Notwithstanding anything in this Section 2.12 to the contrary, (1) Borrowers shall not be required
to prepay any amount that would otherwise be required to be paid pursuant to Sections 2.12(a)-(c) above to the extent that
the relevant Asset Sale is consummated by any Foreign Subsidiary, the relevant Net Insurance/Condemnation Proceeds are received
by any Foreign Subsidiary or the relevant Indebtedness is incurred by any Foreign Subsidiary (except to the extent the relevant
Indebtedness is incurred by any Foreign Subsidiary to refinance all or a portion of the Loans, as the case may be, for so long
as Borrowers determine in good faith that the repatriation to the applicable Borrower of any such amount would be prohibited or
delayed (beyond the time period during which such prepayment is otherwise required to be made pursuant to Section 2.12(a),
(b) or (c) above) under any requirement of law or conflict with the fiduciary duties of such Foreign Subsidiary’s
directors, or result in, or could reasonably be expected to result in, a material risk of personal or criminal liability for any
officer, director, employee, manager, member of management or consultant of such Foreign Subsidiary (including
on account of financial assistance, corporate benefit, thin


 






    
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capitalization,
capital maintenance or similar considerations); it being understood and agreed that (i) the
applicable Borrower shall take all commercially reasonable actions required by applicable requirements of law to permit such repatriation
and (ii) if the repatriation of the relevant affected proceeds, as the case may be, is permitted under the applicable requirement
of law and, to the extent applicable, would no longer conflict with the fiduciary duties of such director, or result in, or be
reasonably expected to result in, a material risk of personal or criminal liability for the Persons described above, the relevant
Foreign Subsidiary will promptly repatriate the relevant proceeds, as the case may be, will be promptly (and in any event not
later than two Business Days after such repatriation) applied (net of additional Taxes payable or reserved against such proceeds,
as a result thereof, in each case by any Party, such Party’s Subsidiaries, and any Affiliates or indirect or direct equity
owners of the foregoing) to the repayment of pursuant to this ‎Section 2.12 to the extent required herein (without
regard to this clause ‎(i), (2) Borrowers shall not be required to prepay any amount that would otherwise be required
to be paid pursuant to Sections ‎2.12 to the extent that the relevant proceeds are received by any Joint Venture for
so long as Borrowers determine in good faith that the distribution to the applicable Borrower of such proceeds would be prohibited
under the Organizational Documents governing such Joint Venture; it being understood that if the relevant prohibition ceases to
exist, the relevant Joint Venture will promptly distribute the relevant proceeds in respect of Indebtedness, as the case may be,
and the proceeds, as the case may be, will be promptly (and in any event not later than ten Business Days after such distribution)
applied (net of additional Taxes payable or reserved against as a result thereof) to the repayment of the Term Loans pursuant
to this ‎Section 2.12 to the extent required herein (without regard to this clause ‎(i)) and (3) if Borrowers
determine in good faith that the repatriation to Borrowers of any amounts required to mandatorily prepay the Loans pursuant to
Sections ‎2.12(a), (b) or (c) above would result in material and adverse tax consequences, taking into
account any foreign tax credit or benefit actually realized in connection with such repatriation (such amount, a “Restricted
Amount”), as determined by Borrowers in good faith, the amount Borrowers shall be required to mandatorily prepay pursuant
to Sections ‎2.12(a), (b) or (c) above, as applicable, shall be reduced by the Restricted Amount; provided
that to the extent that the repatriation of any such proceeds from the relevant Foreign Subsidiary would no longer have a
material and adverse tax consequence, an amount equal to the subject proceeds in respect of any such Indebtedness, as applicable,
not previously applied pursuant to this clause ‎(C), shall be promptly applied to the repayment of the Loans and Additional
Term Loans pursuant to Sections ‎2.12(a), (b) or (c) as otherwise required above (without regard to this
clause ‎(i)).


 


		2.13	Application of Prepayments



 


(a)               
Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan pursuant to Section 2.11(a)
shall be applied as specified by Borrowers in the applicable notice of prepayment; provided, in the event Borrowers
fail to specify the Loans to which any such prepayment shall be applied, such prepayments shall be applied to repay outstanding
Loans (on a pro rata basis) to the full extent thereof, without any permanent reduction of the Revolving Commitments.


 





 






    
	 	-71-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


 


(b)              
Application of Prepayments. Any amount required to be paid pursuant to Section 2.12 (other than Section 2.12(e))
shall be applied as follows (without any permanent reduction of the Revolving Commitments):


  


first,
unless otherwise provided in any applicable Incremental Amendment and so long as no Default or Event of Default shall be continuing,
to prepay Incremental Term Loans (and any fees or interest with respect thereto) to the full extent thereof;


 


second,
in the case of US Borrower, to prepay outstanding reimbursement obligations with respect to Letters of Credit;


 


third,
to prepay any Swingline Loans to the full extent thereof;


 


fourth,
subject to Section 2.12(f), to prepay the Revolving Loans and, if a Default or Event of Default shall be continuing,
any Incremental Term Loans, on a pro rata basis to the full extent thereof; and


 


fifth,
if an Event of Default shall have occurred and be continuing, to provide Cash Collateral for undrawn Letters of Credit; provided
that such Cash Collateral shall be subsequently released and returned to Borrower (i) at such time as such Event of Default
is no longer continuing and (ii) if such Event of Default is continuing, (x) in proportion to any reductions in the maximum exposure
with respect to such Letters of Credit and (y) in full upon the termination and return of such Letters of Credit undrawn; provided
that, (1) in the case of a release pursuant to clause (i) above, if any Obligations set forth in priority second are
outstanding at the time of such release or (2) in the case of a release pursuant to clause (ii) above, if any Obligations set
forth in priorities second through fourth are outstanding, then, such Cash Collateral shall first be applied to
the repayment of such Obligations, as applicable, in accordance with this Section 2.13(b).


 


(c)               
Application of Prepayments of Revolving Loans to Base Rate Loans, Primate Rate Loans, Eurodollar Rate Loans and CDOR
Loans. Considering each Type of Loan being prepaid separately, any prepayment thereof shall be applied first to Base Rate
Loans or Canadian Prime Rate Loans (with respect to the applicable currency) to the full extent thereof before application to
Eurodollar Rate Loans or CDOR Loans, in each case in a manner which minimizes the amount of any payments required to be made by
Borrowers pursuant to Section 2.16(c).


 


(d)              
Reinvestment Rights. Notwithstanding anything to the contrary in Section 2.12 and this Section 2.13,
the Borrowers shall not be required to prepay proceeds received pursuant to Section 2.12(a) or Section 2.12(b) as
long as such proceeds are not distributed to Sponsor or the Pledgors as a Restricted Payment and such proceeds are (x) used to
purchase additional operating, construction, or development stage Energy Projects to the extent owned by a Restricted Operating
Company Subsidiary immediately following such purchase, (y) used to expand existing Energy Projects owned by Restricted Operating
Company Subsidiaries or (z) otherwise reinvested in assets accretive to the credit profile of the Borrowers, in each case within
12 months (or 18 months if a binding commitment with respect to such reinvestment is executed during such 12 month period) of
receipt of such proceeds.


 






    
	 	-72-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


 


		2.14	General Provisions Regarding
Payments



 


(a)               
All payments by Borrowers of principal, interest, fees and other Obligations shall be made in Dollars or Canadian Dollars
(as applicable) in same day funds,



without
defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered by wire transfer to
Administrative Agent not later than 2:00 p.m. (New York City time) on the date due at the Principal Office designated by
Administrative Agent for the account of Lenders or to the Swingline Lender as set forth in Section 2.2(d); for
purposes of computing interest and fees, funds received by Administrative Agent after that time on such due date shall be
deemed to have been paid by Borrowers on the next succeeding Business Day.


 


(b)              
Unless Administrative Agent shall have received notice from a Lender prior to any proposed Credit Date of Eurodollar Rate
Loans or CDOR Loans (or, in the case of any borrowing of Base Rate Loans or Canadian Prime Rate Loans, prior to 1:00 p.m. (New
York City time) on the date of such borrowing) that such Lender will not make available to Administrative Agent such Lender’s
share of such borrowing, Administrative Agent may assume that such Lender has made such share available on such date in accordance
with Section 2 (or, in the case of a borrowing of Base Rate Loans or Canadian Prime Rate Loans, that such Lender has made
such share available in accordance with and at the time required by Section 2) and may, in reliance upon such assumption,
make available to Borrowers a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable
borrowing available to Administrative Agent, then the applicable Lender agrees to pay to Administrative Agent forthwith on demand
such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such
amount is made available to Borrowers to but excluding the date of payment to Administrative Agent, at the Overnight Rate, plus
any administrative, processing or similar fees customarily charged by Administrative Agent in connection with the foregoing. If
such Lender pays its share of the applicable borrowing to Administrative Agent, then the amount so paid shall constitute such
Lender’s Revolving Loan included in such borrowing. If such Lender does not pay such corresponding amount forthwith upon
Administrative Agent’s demand therefor, Administrative Agent shall promptly notify Borrowers and Borrowers shall immediately
pay such corresponding amount to Administrative Agent together with interest thereon, for each day from such Credit Date until
the date such amount is paid to Administrative Agent, at the rate payable hereunder for Base Rate Loans or Canadian Prime Rate
Loans for such Type of Loan. Nothing in this Section 2.14(b) shall be deemed to relieve any Lender from its obligation
to fulfill its Revolving Commitments hereunder or to prejudice any rights that Borrowers may have against any Lender as a result
of any default by such Lender hereunder. A notice of Administrative Agent to any Lender or Borrowers with respect to any amount
owing under this subsection (b) shall be conclusive, absent manifest error.


 


(c)               
Unless Administrative Agent shall have received notice from Borrowers prior to the date on which any payment is due to
Administrative Agent for the account of the Lenders or the LC Issuing Banks hereunder that Borrowers will not make such payment,
Administrative Agent may assume that Borrowers have made such payment on such date in accordance herewith and may, in reliance
upon such assumption, distribute to the Lenders or the LC Issuing Banks, as the case may be, the amount due. In such event, if
Borrowers have not in fact made such payment, then each of the Lenders or the LC Issuing Banks, as the case may be, severally
agrees to repay to Administrative Agent forthwith on demand the amount so distributed to such Lender or the LC Issuing Banks,
in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it
to but excluding the date of payment to Administrative Agent, at the Overnight Rate.


 






    
	 	-73-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


(d)              
All payments in respect of the principal amount of any Loan (other than voluntary prepayments of Loans that are Base Rate
Loans or Canadian Prime Rate Loans as provided in Section 2.11(a)(ii)(2) shall be accompanied by payment of accrued interest
on the principal amount being repaid or prepaid. If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, interest, fees, costs and expenses then due hereunder, such funds shall be applied
(i) first, towards payment of interest, fees costs and expenses then due hereunder, ratably among the parties entitled
thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment
of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due
to such parties.


 


(e)               
Administrative Agent (or its agent or sub-agent appointed by it) shall promptly distribute to each Lender at such address
as such Lender shall indicate in writing, such Lender’s applicable share of all payments and prepayments of principal and
interest due hereunder, together with all other amounts due thereto, including all fees payable with respect thereto, to the extent
received by Administrative Agent, pro rata in accordance with the amounts thereof then due and payable.


 


(f)               
Notwithstanding the foregoing provisions hereof, if any Conversion/Continuation Notice is withdrawn as to any Affected
Lender or if any Affected Lender makes Base Rate Loans or Canadian Prime Rate Loans in lieu of its Pro Rata Share of any Eurodollar
Rate Loans or CDOR Loans (as applicable), Administrative Agent shall give effect thereto in apportioning payments received thereafter.


 


(g)              
Subject to the provisos set forth in the definition of “Interest Period” as they may apply to Revolving Loans,
whenever any payment to be made hereunder with respect to any Revolving Loan shall be stated to be due on a day that is not a
Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in the
computation of the payment of interest hereunder or of the Revolving Commitment fees hereunder.


 


(h)              
Borrowers hereby authorize Administrative Agent to charge Borrowers’ accounts with Administrative Agent in order
to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject
to sufficient funds being available in its accounts for that purpose).


 


(i)                
Administrative Agent shall deem any payment by or on behalf of Borrowers hereunder that is not made in same day funds prior
to 2:00 p.m. (New York City time) to be a non-conforming payment. Any such payment shall not be deemed to have been received
by Administrative Agent until the later of (i) the time such funds become available funds, and (ii) the applicable next Business
Day. Administrative Agent shall give prompt telephonic notice to Borrowers and each applicable Lender (confirmed in writing) if
any payment is non-conforming. Any non-conforming payment may constitute or become a Default or Event of Default in accordance
with the terms of Section 8.1(a). Interest shall continue to accrue on any principal as to which a non-conforming
payment is made until such funds become available funds (but in no event less than the period from the date of such payment to
the next succeeding applicable


 






    
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Business
Day) at the rate determined pursuant to Section 2.9 from the date such amount was due and payable until the date such amount
is paid in full.


 


(j)                
If an Event of Default shall have occurred and not otherwise been cured or waived, and the maturity of the Obligations
shall have been accelerated pursuant to Section 8.1 or pursuant to any sale of, any collection from, or other realization
upon all or any part of the Collateral, all payments or proceeds received by Agents hereunder in respect of any of the Obligations,
shall be applied in accordance with the application arrangements described in the US Pledge and Security Agreement.


 


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


 


2.15         
Ratable Sharing. Lenders hereby agree among themselves that, except as otherwise provided in the Collateral Documents
with respect to amounts realized from the exercise of rights with respect to Liens on the Collateral, if any of them shall, whether
by voluntary payment (other than a voluntary prepayment of Loans made and applied in accordance with the terms hereof), through
the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right
under the Credit Documents or otherwise, or as adequate protection of a deposit treated as Cash Collateral under the Bankruptcy
Code, receive payment or reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts then
due and owing to such Lender hereunder or under the other Credit Documents (collectively, the “Aggregate Amounts Due”
to such Lender) which is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such
other Lender, then the Lender receiving such proportionately greater payment shall (a) notify Administrative Agent and each
other Lender of the receipt of such payment and (b) apply a portion of such payment to purchase participations (which it shall
be deemed to have purchased from each seller of a participation simultaneously upon the receipt by such seller of its portion
of such payment) in the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts Due shall
be shared by all Lenders in proportion to the Aggregate Amounts Due to them; provided, if all or part of such proportionately
greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization
of Borrowers or otherwise, those purchases shall be rescinded and the purchase prices paid for such participations shall be returned
to such purchasing Lender ratably to the extent of such recovery, but without interest. Borrowers expressly consent to the foregoing
arrangement and agree that any holder of a participation so purchased may exercise any and all rights of banker’s lien,
set-off or counterclaim with respect to any and all monies owing by Borrowers to that holder with respect thereto as fully as
if that holder were owed the amount of the participation held by that holder. The provisions of this Section 2.15 shall
not be construed to apply to (a) any payment made by Borrowers pursuant to and in accordance with the express terms of this
Agreement (including the application of funds arising from the existence of a Defaulting Lender), (b) any payment obtained
by any Lender as consideration for the assignment or sale of a participation in any of its Loans or other Obligations owed to
it or (c) any payment to


 






    
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an
LC Issuing Bank or the Swingline Lenders of a reimbursement obligation in accordance with Section 2.3(c)(i) or Section
2.1(c), as applicable.


 


		2.16	Making or Maintaining Eurodollar
Rate Loans or CDOR Loans



 


(a)               
Inability to Determine Applicable Interest Rate. In the event that Administrative Agent (upon the written instruction
of the Required Lenders) shall have determined in good faith (which determination shall be final and conclusive and binding upon
all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans or CDOR Loans, that (1)
by reason of circumstances affecting the applicable interbank market adequate and fair means do not exist for ascertaining the
interest rate applicable to such Loans on the basis provided for in the definition of Eurodollar Rate or CDOR Rate or (2) deposits
are not being offered to banks in the applicable offshore interbank market for such currency for the applicable amount and Interest
Period of such Eurodollar Rate Loan or CDOR Loan, Administrative Agent shall on such date give notice (by telefacsimile or by
telephone confirmed in writing) to Borrowers and each Lender of such determination, whereupon (i) no Loans may be made as,
or converted to, Eurodollar Rate Loans or CDOR Loans and (ii) in the event of a determination with respect to the Eurodollar Rate
component of the Base Rate or the CDOR Rate component of the Canadian Prime Rate, the utilization of the Eurodollar Rate or CDOR
Rate component in determining the Base Rate or Canadian Prime Rate shall be suspended, in each case until Administrative Agent
(upon the written instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, Borrowers may revoke
any pending Borrowing Notice And Certificate or Conversion/Continuation Notice of Eurodollar Rate Loans or CDOR Loans in the affected
currency or currencies or, failing that, will be deemed to have converted such request into a request for a borrowing of Base
Rate Loans or Canadian Prime Rate Loans in the amount specified therein.


 


(b)              
Illegality or Impracticability of Eurodollar Rate Loans or CDOR Loans. In the event that on any date any Lender
shall have determined in good faith (which determination shall be final and conclusive and binding upon all parties hereto but
shall be made only after consultation with Borrowers and Administrative Agent) that the making, maintaining or continuation of
its Eurodollar Rate Loans or CDOR Loans (i) has become unlawful as a result of compliance by such Lender in good faith with
any Governmental Rule (or would conflict with any Governmental Rule not having the force of law even though the failure to comply
therewith would not be unlawful), or (ii) has become impracticable, as a result of contingencies occurring after the Closing
Date which materially and adversely affect the applicable interbank market or the position of such Lender in that market, then,
and in any such event, such Lender shall be an “Affected Lender” and it shall on that day give notice (by telefacsimile
or by telephone confirmed in writing) to Borrowers and Administrative Agent of such determination (which notice Administrative
Agent shall promptly transmit to each other Lender). Thereafter (1) each Affected Lender shall make such Loan as (or continue
such Loan as or convert such Loan to, as the case may be) a Base Rate Loan or Canadian Prime Rate Loan (as applicable), (2) each
Affected Lender’s obligation to maintain its outstanding Eurodollar Rate Loans or CDOR Loans (the “Affected Loans”)
shall be terminated at the earlier to occur of the expiration of the relevant Interest Periods then in effect with respect to
the Affected Loans or when required by Governmental Rules and Borrowers shall prepay or convert such Affected Loans together with
accrued interest, (3) the Affected Loans shall automatically convert into Base Rate Loans or


 



    
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Canadian
Prime Rate Loans (as applicable) on the date of such termination and (4) if such notice asserts the illegality of any Lender making
or maintaining Base Rate Loans or Canadian Prime Rate Loans the interest rate on which is determined by reference to the Eurodollar
Rate or CDOR Rate component of the Base Rate or Canadian Prime Rate (as applicable), the interest rate on which Base Rate Loans
or Canadian Prime Rate Loans (as applicable) of such Lender shall, if necessary to avoid such illegality, be determined by Administrative
Agent pursuant to such definition without reference to the Eurodollar Rate or CDOR Rate component of the Base Rate or Canadian
Prime Rate. Notwithstanding the foregoing, to the extent a determination by an Affected Lender as described above relates to a
Eurodollar Rate Loan or CDOR Loan then being requested by Borrowers pursuant to a Borrowing Notice And Certificate or a Conversion/Continuation
Notice, Borrowers shall have the option, subject to the provisions of Section 2.16(c), to rescind such Borrowing Notice
And Certificate or Conversion/Continuation Notice as to all Lenders by giving notice (by telefacsimile or by telephone confirmed
in writing) to Administrative Agent of such rescission on the date on which the Affected Lender gives notice of its determination
as described above (which notice of rescission Administrative Agent shall promptly transmit to each other Lender). If Borrowers
do not rescind such Borrowing Notice And Certificate or Conversion/Continuation Notice, each Affected Lender’s share of
such Loan shall constitute a Base Rate Loan or Canadian Prime Rate Loan (as applicable). Except as provided in the immediately
preceding sentence, nothing in this Section 2.16(b) shall affect the obligation of any Lender other than an Affected Lender
to make or maintain Loans as, or to convert Loans to, Eurodollar Rate Loans or CDOR Loans in accordance with the terms hereof.


 


(c)               
Compensation for Breakage or Non-Commencement of Interest Periods. Borrowers shall compensate each Lender, upon
written request by such Lender (which request shall set forth the basis for requesting such amounts), for all reasonable losses,
expenses and liabilities (including (x) the difference between any interest paid by such Lender to lenders of funds borrowed
by it to make or carry its Eurodollar Rate Loans or CDOR Loans and the Eurodollar Rate or CDOR Rate such Lender would receive
in connection with the liquidation or re-employment of such funds and (y) amounts received by such Lender in connection with
the liquidation or re-employment of such funds and any expense or liability incurred in connection therewith) which such Lender
may actually sustain: (i) if for any reason (other than a default by any such Lender) a borrowing of any Eurodollar Rate
Loan or CDOR Loan does not occur on a date specified therefor in a Borrowing Notice And Certificate or a telephonic request for
borrowing, or a conversion to or continuation of any Eurodollar Rate Loan or CDOR Loan does not occur on a date specified therefor
in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any prepayment or other
principal payment under Sections 2.11 or 2.12 of, or any conversion of, any of its Eurodollar Rate Loans or CDOR Loans
occurs on a date prior to the last day of an Interest Period applicable to that Loan; (iii) if any prepayment of any of its
Eurodollar Rate Loans or CDOR Loans is not made on any date specified in a notice of prepayment given by Borrowers; and (iv) if
an assignment of any Loan by a Terminated Lender pursuant to Section 2.16(c) occurs on a date prior to the last day of
an Interest Period applicable to that Loan.


 


(d)              
Assumptions Concerning Funding of Eurodollar Rate Loans or CDOR Loans. Calculation of all amounts payable to a Lender
under Section 2.16(c) shall be made as though such Lender had actually funded each of its relevant Eurodollar Rate Loans
or CDOR Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant


 






    
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to
clause (i) of the definition of Eurodollar Rate or CDOR Rate in an amount equal to the amount of such Eurodollar Rate Loan or
CDOR Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such Eurodollar deposit
or CDOR deposit from an offshore office of such Lender to a domestic office of such Lender in the United States of America; provided,
however, each Lender may fund each of its Eurodollar Rate Loans or CDOR Loans in any manner it sees fit and the foregoing
assumptions shall be utilized only for the purposes of calculating amounts payable under Section 2.16(c).


 


		2.17	Increased Costs; Capital
or Liquidity Adequacy



 


(a)               
Compensation For Increased Costs and Taxes. Subject to the provisions of Section 2.18 (which shall be controlling
with respect to the matters covered thereby), in the event that any Lender (which term shall include each LC Issuing Bank for
purposes of this Section 2.17(a)) shall determine that any Change in Law: (i) subjects such Lender (or its applicable
lending office) to any additional Tax (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the
definition of Excluded Taxes and (C) Connection Income Taxes) with respect to this Agreement or any of the other Credit Documents
or any of its obligations hereunder or thereunder or any payments to such Lender (or its applicable lending office) of principal,
interest, fees or any other amount payable hereunder; (ii) imposes, modifies or holds applicable any reserve (including any
marginal, emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC insurance or similar requirement
against assets held by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended
by, or any other acquisition of funds by, any office of such Lender, or (iii) imposes any other condition, cost or expense
(other than with respect to Taxes) on or affecting such Lender (or its applicable lending office) or its obligations hereunder
or the applicable interbank market; and the result of any of the foregoing is to increase the cost to such Lender of agreeing
to make, making, continuing, converting into or maintaining Revolving Loans hereunder or to reduce any amount received or receivable
by such Lender (or its applicable lending office) with respect thereto; then each Borrower shall promptly pay to such Lender,
upon receipt of the statement referred to in the next sentence, such additional amount or amounts (in the form of an increased
rate of, or a different method of calculating, interest or otherwise as such Lender in its sole discretion shall determine) as
may be necessary to compensate such Lender for any such increased cost or reduction in amounts received or receivable by such
Borrower hereunder; provided, Borrowers shall not be obligated to pay such Lender any compensation attributable to any
period prior to the date that is one hundred eighty (180) days prior to the date on which such Lender gave notice to Borrowers
of the circumstances entitling such Lender to compensation. Such Lender shall deliver to Borrowers (with a copy to Administrative
Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Lender
under this Section 2.17(a) and in the calculation thereof, which statement shall be conclusive and binding upon all parties
hereto absent manifest error.


 


(b)              
Capital or Liquidity Adequacy Adjustment. In the event that any Lender (which term shall include each LC Issuing
Bank for purposes of this Section 2.17(b)) shall have determined that the adoption, effectiveness, phase-in or change in
applicability after the Closing Date of any


 






    
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Governmental
Rule (or any provision thereof) regarding required capital adequacy or liquidity, or any change therein or in the interpretation
or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or
administration thereof, or compliance by any Lender (or its applicable lending office) with any guideline, request or directive
regarding required capital adequacy or liquidity (whether or not having the force of law) of any such Governmental Authority,
central bank or comparable agency, has or would have the effect of reducing the rate of return on the capital of such Lender or
any corporation controlling such Lender as a consequence of, or with reference to, such Lender’s Loans, Revolving Commitments
or Letters of Credit, or participations therein or other obligations hereunder with respect to the Loans or the Letters of Credit
to a level below that which such Lender or such controlling corporation could have achieved but for such adoption, effectiveness,
phase-in, change in applicability, change or compliance (taking into consideration the policies of such Lender or such controlling
corporation with regard to required capital adequacy or liquidity), then from time to time, within five (5) Business Days
after receipt by Borrowers from such Lender of the statement referred to in the next sentence, each Borrower shall pay to such
Lender such additional amount or amounts as will compensate such Lender or such controlling corporation for such reduction; provided,
Borrowers shall not be obligated to pay such Lender any compensation attributable to any period prior to the date that is two
hundred seventy ( 270) days prior to the date on which such Lender gave notice to Borrowers of the circumstances entitling
such Lender to compensation. Such Lender shall deliver to Borrowers (with a copy to Administrative Agent) a written statement,
setting forth in reasonable detail the basis for calculating the additional amounts owed to Lender under this Section 2.17(b)
and in the calculation thereof, which statement shall be conclusive and binding upon all parties hereto absent manifest error.


 


(c)               
Additional Reserve Requirements. Each Borrower shall pay to each Lender, as long as such Lender shall be required
to maintain reserves with respect to liabilities or assets consisting of or including Eurodollar funds or deposits (currently
known as “Eurocurrency liabilities”, as such term is defined in Regulation D) under regulations issued from time to
time by the Board of Governors of the Federal Reserve System or other applicable banking regulator, additional interest on the
unpaid principal amount of each Eurodollar Rate Loan or CDOR Loan equal to the actual costs of such reserves allocated to such
Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive) commencing on and as
of the effective date of any change in the applicable reserve requirement, which shall be due and payable on each date on which
interest is payable on such Loan.


 


		2.18	Taxes; Withholding, Etc.



 


(a)               
LC Issuing Bank. For purposes of this Section 2.18, the term “Lender” includes any LC Issuing
Bank.


 


(b)              
Payments Free of Taxes. Any and all payments by or on account of any Obligation of any Credit Party under any Credit
Document shall be made without deduction or withholding for any Taxes, except as required by applicable Governmental Rules. If
any applicable Governmental Rules (as determined in the good faith discretion of an applicable Withholding Agent) requires the
deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall
be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental
Authority in accordance with applicable Governmental Rules and, if such


 






    
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Tax
is an Indemnified Tax, then the sum payable by the applicable Credit Party shall be increased as necessary so that after such
deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under
this Section 2.18(b)) the applicable Beneficiary receives an amount equal to the sum it would have received had no such
deduction or withholding been made.


 


(c)               
Payment of Other Taxes by Borrower. The Credit Parties shall timely pay to the relevant Governmental Authority in
accordance with applicable Governmental Rules, or at the option of Administrative Agent timely reimburse it for the payment of,
any Other Taxes.


 


(d)              
Indemnification by Credit Parties. Without duplication of Section 2.18(b), the relevant Credit Party shall
indemnify each Beneficiary, within fifteen (15) days after demand therefor, for the full amount of any Indemnified Taxes (including
Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.18(d)) payable or paid
by such Beneficiary or required to be withheld or deducted from a payment to such Beneficiary and any reasonable and documented
out-of-pocket expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority; provided, however, the Credit Parties shall have no
obligation to indemnify any Beneficiary for any Indemnified Taxes imposed as a result of such Beneficiary’s gross negligence
or willful misconduct. A certificate as to the amount of such payment or liability delivered to Borrowers by a Lender (with a
copy to Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent
manifest error.


 


(e)               
Indemnification by the Lenders. Each Lender shall severally indemnify Administrative Agent, within ten (10) days
after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Credit Party
has not already indemnified Administrative Agent for such Indemnified Taxes and without limiting the obligation of any Credit
Party to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.6(f)
relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case,
that are payable or paid by Administrative Agent in connection with any Credit Document, and any reasonable expenses arising therefrom
or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by Administrative Agent shall be
conclusive absent manifest error. Each Lender hereby authorizes Administrative Agent to set off and apply any and all amounts
at any time owing to such Lender under any Credit Document or otherwise payable by Administrative Agent to the Lender from any
other source against any amount due to Administrative Agent under this Section 2.18(e).


 


(f)               
Evidence of Payments. As soon as practicable after any payment of Taxes by any Credit Party to a Governmental Authority
pursuant to this Section 2.18, such Credit Party shall deliver to Administrative Agent the original or a certified copy
of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other
evidence of such payment available and reasonably satisfactory to Administrative Agent.


 


(g)              
Status of Lenders.


 






    
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(i)                
Any Beneficiary that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under
any Credit Document shall deliver to Borrowers and Administrative Agent, at the time or times reasonably requested by Borrowers
or Administrative Agent, such properly completed and executed documentation reasonably requested by Borrowers or Administrative
Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Beneficiary,
if reasonably requested by Borrowers or Administrative Agent, shall deliver such other documentation prescribed by applicable
law or reasonably requested by Borrowers or Administrative Agent as will enable Borrowers or Administrative Agent to determine
whether or not such Beneficiary is subject to backup withholding or information reporting requirements. Notwithstanding anything
to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such
documentation set forth in Section 2.18(g)(ii)(1), (ii)(2) and (ii)(4) below) shall not be required if in
the Beneficiary’s reasonable judgment such completion, execution or submission would subject such Lender to any material
unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Beneficiary.


 


(ii)              
Without limiting the generality of the foregoing,


 


(1)              
any Beneficiary that is a US Person shall deliver to Borrowers and Administrative Agent on or prior to the date on which
such Beneficiary becomes a Beneficiary under this Agreement (and from time to time thereafter upon the reasonable request of any
Borrower or Administrative Agent), executed copies of IRS Form W-9 certifying that such Beneficiary is exempt from U.S. federal
backup withholding tax;


 


(2)              
any Non-US Lender or Non-US Agent shall, to the extent it is legally entitled to do so, deliver to Borrowers and Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-US Lender or
Non-US Agent becomes a Beneficiary under this Agreement (and from time to time thereafter upon the reasonable request of any Borrower
or Administrative Agent), whichever of the following is applicable:


 


a.                  
in the case of a Non-US Lender or Non-US Agent claiming the benefits of an income tax treaty to which the United States
is a party (x) with respect to payments of interest under any Credit Document, executed copies of IRS Form W-8BEN or W-8BEN-E
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of
such tax treaty and (y) with respect to any other applicable payments under any Credit Document, IRS Form W-8BEN or W-8BEN-E establishing
an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other
income” article of such tax treaty;


 


b.                 
executed copies of IRS Form W-8ECI;


 






    
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c.                  
in the case of a Non-US Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the
Internal Revenue Code, (x) a certificate substantially in the form of Exhibit F-1 to the effect that such Non-US Lender
is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent shareholder”
of either Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled foreign corporation”
described in Section 881(c)(3)(C) of the Internal Revenue Code and that interest payments on the Revolving Loan(s) are not effectively
connected with the conduct of a trade or business within the United States of the Non-US Lender (a “U.S. Tax Compliance
Certificate”) and (y) executed copies of IRS Form W-8BEN or W-8BEN-E; or


 


d.                  to
the extent a Non-US Lender or Non-US Agent is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by
IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit
F-2 or Exhibit F-3, IRS Form W-9, or other certification documents from each beneficial owner, as applicable; provided
that if a Non-US Lender is a partnership and one or more direct or indirect partners of such Non-US Lender are claiming
the portfolio interest exemption, such Non-US Lender may provide a U.S. Tax Compliance Certificate substantially in the form
of Exhibit F-4 on behalf of each such direct and indirect partner;


 


(3)              
any Non-US Lender or Non-US Agent shall, to the extent it is legally entitled to do so, deliver to Borrowers and Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-US Lender becomes
a Lender under this Agreement (and from time to time thereafter upon the reasonable request of any Borrower or Administrative
Agent), executed copies of any other form prescribed by applicable Governmental Rules as a basis for claiming exemption from or
a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed
by applicable Governmental Rules to permit Borrowers or Administrative Agent to determine the withholding or deduction required
to be made; and


 


(4)              
each Lender shall deliver to the applicable Borrower and Administrative Agent at the time or times prescribed by Governmental
Rules and at such time or times reasonably requested by the applicable Borrower or Administrative Agent such documentation prescribed
by applicable Governmental Rules (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional
documentation reasonably requested by the applicable Borrower or Administrative Agent as may be necessary for the applicable Borrower
and Administrative Agent to comply with their obligations under FATCA


 






    
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and
to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct
and withhold from such payment. Solely for purposes of this clause (4), “FATCA” shall include any amendments made
to FATCA after the date of this Agreement.


 


Each
Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect,
it shall update such form or certification or promptly notify the applicable Borrower and Administrative Agent in writing of its
legal inability to do so.


 


(h)              
Status of Administrative Agent. Royal Bank, as Administrative Agent, and any successor or supplemental Administrative
Agent that is not a US Person, shall deliver to Borrowers two duly completed copies of IRS Form W-8IMY certifying that it is a
“U.S. branch” and that the payments it receives for the account of others are not effectively connected with the conduct
of its trade or business in the United States and that it is using such form as evidence of its agreement with Borrowers to be
treated as a US Person with respect to such payments (and Borrowers and Administrative Agent agree to so treat Administrative
Agent as a US Person with respect to such payments), with the effect that Borrowers can make payments to Administrative Agent
without deduction or withholding of any Taxes imposed by the United States.


 


(i)                
Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has
received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.18 (including by the payment
of additional amounts pursuant to this Section 2.18), it shall pay to the indemnifying party an amount equal to such refund
(but only to the extent of indemnity payments made or additional amounts paid under this Section 2.18 with respect to the
Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest
(other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon
the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this Section
2.18(i) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such
indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in
this Section 2.18(i), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant
to this Section 2.18(i) the payment of which would place the indemnified party in a less favorable net after-Tax position
than the indemnified party would have been in if the indemnification payments or additional amounts giving rise to such refund
had never been paid. This Section 2.18(i) shall not be construed to require any indemnified party to make available its
Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other
Person.


 


(j)                
Survival. Each party’s obligations under this Section 2.18 shall survive the resignation or replacement
of Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and
the repayment, satisfaction or discharge of all obligations under any Credit Document.


 






    
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2.19         
Obligation to Mitigate. Each Lender (which term shall include each LC Issuing Bank for purposes of this Section
2.19) agrees that, as promptly as practicable after the officer of such Lender responsible for administering its Loans or
Letters of Credit, as the case may be, becomes aware of the occurrence of an event or the existence of a condition that would
cause such Lender to become an Affected Lender or that would entitle such Lender to receive payments under Section 2.16,
2.17 or 2.18, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable
legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Credit Extensions, including
any Affected Loans, through another office of such Lender, or (b) take such other measures as such Lender may in good faith
deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease to
exist or the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.16, 2.17
or 2.18 would be reduced and if, as determined by such Lender in its sole discretion, the making, issuing, funding or maintaining
of such Revolving Commitments, Loans or Letters of Credit through such other office or in accordance with such other measures,
as the case may be, would not otherwise materially adversely affect such Revolving Commitments, Loans or Letters of Credit or
the interests of such Lender; provided, such Lender will not be obligated to utilize such other office pursuant to this
Section 2.19 unless Borrowers agree to pay all reasonable incremental expenses incurred by such Lender as a result of utilizing
such other office as described in clause (a) above. A certificate as to the amount of any such expenses payable by Borrowers
pursuant to this Section 2.19 (setting forth in reasonable detail the basis for requesting such amount) submitted by such
Lender to Borrowers (with a copy to Administrative Agent) shall be conclusive absent manifest error.


 


2.20         
Defaulting Lenders. (a)  Defaulting Lender Adjustments. Anything contained herein to the contrary
notwithstanding, if any Lender becomes a Defaulting Lender, then until such time as such Lender is no longer a Defaulting Lender,
to the extent permitted by applicable Governmental Rules:


 


(i)                
Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent
with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders”, “Required
Revolving Lenders”, “Required Incremental Term Loan Lenders” (as applicable) or Section 10.5.


 


(ii)              
Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by Administrative
Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or
otherwise) or received by Administrative Agent from a Defaulting Lender pursuant to Section 10.4 shall be applied
at such time or times as may be determined by Administrative Agent as follows: first, to the payment of any amounts owing
by such Defaulting Lender to Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts
owing by such Defaulting Lender to any LC Issuing Bank or Swingline Lender hereunder; third, to Cash Collateralize each
LC Issuing Bank’s Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.20(c); fourth,
as Borrowers may request (so long as no Default or Event of Default shall have occurred and be continuing), to the funding of
any Revolving Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this


 






    
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Agreement,
as determined by Administrative Agent; fifth, if so determined by Administrative Agent and Borrowers, to be held in a Deposit
Account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with
respect to Loans under this Agreement and (y) Cash Collateralize each LC Issuing Bank’s future Fronting Exposure with respect
to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section
2.20(c); sixth, to the payment of any amounts owing to the Lenders, the LC Issuing Banks or Swingline Lender as a result
of any judgment of a court of competent jurisdiction obtained by any Lender, the LC Issuing Bank or the Swingline Lender against
such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh,
so long as no Default or Event of Default shall have occurred and be continuing, to the payment of any amounts owing to Borrowers
as a result of any judgment of a court of competent jurisdiction obtained by Borrowers against such Defaulting Lender as a result
of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender
or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal
amount of any Loans or reimbursement obligations with respect to Letters of Credit in respect of which such Defaulting Lender
has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time
when the conditions set forth in Section 3.2 were satisfied or waived, such payment shall be applied solely to pay
the Loans of, and reimbursement obligations with respect to Letters of Credit owed to, all Non-Defaulting Lenders on a pro rata
basis prior to being applied to the payment of any Loans of, or reimbursement obligations with respect to Letters of Credit owed
to, such Defaulting Lender until such time as all Revolving Loans and funded and unfunded participations in Letters of Credit
or Swingline Loans are held by the Lenders pro rata in accordance with the applicable Revolving Commitments. Any payments, prepayments
or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender
or to post Cash Collateral pursuant to this Section 2.20(a)(i) shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto.


 


(iii)            
Certain Fees.


 


(1)              
No Defaulting Lender shall be entitled to receive any fee pursuant to Section 2.10 for any period during which such
Lender is a Defaulting Lender (and Borrowers shall not be required to pay any such fee that otherwise would have been required
to have been paid to such Defaulting Lender); provided that such Defaulting Lender shall be entitled to receive fees for
any period during which such Lender is a Defaulting Lender only to extent allocable to its Pro Rata Share of the stated amount
of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.20(c).


 


(2)              
With respect to any fees not required to be paid to any Defaulting Lender pursuant to clause (1) above, Borrowers shall
(x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to
such Defaulting


 






    
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Lender’s
participation in Letters of Credit or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause
(iv) below, (y) pay to each LC Issuing Bank or the Swingline Lender the amount of any such fee otherwise payable to such Defaulting
Lender to the extent allocable to each LC Issuing Bank’s or the Swingline Lender’s Fronting Exposure to such Defaulting
Lender, and (z) not be required to pay the remaining amount of any such fee.


 


(iv)            
Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation
in Letters of Credit and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective
Pro Rata Shares (calculated without regard to such Defaulting Lender’s Revolving Commitment) but only to the extent that
(x) the conditions set forth in Section 3.2 are satisfied at the time of such reallocation (and, unless Borrowers shall
have otherwise notified Administrative Agent at such time, Borrowers shall be deemed to have represented and warranted that such
conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting
Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. No reallocation hereunder shall constitute a waiver
or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting
Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following
such reallocation.


 


(v)              
Cash Collateral, Repayment of Swingline Loans. If the reallocation described in clause (iv) above cannot,
or can only partially, be effected, US Borrower shall, without prejudice to any right or remedy available to it hereunder or under
Governmental Rules, (x) first, prepay Swingline Loans in an amount equal to the Swingline Lender’s Fronting Exposure and
(y) second, Cash Collateralize each LC Issuing Bank’s Fronting Exposure in accordance with the procedures set forth in Section
2.20(c); provided that US Borrower’s obligation to so prepay Swingline Loans and Cash Collateralize such LC Issuing
Bank’s Fronting Exposure at any time shall be limited to the amount of excess cash flow available to be distributed under
Section 6.4 at such time; provided further that, no subsequent Swingline Loans shall be required to be funded unless
the Swingline Lender is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan, and no subsequent
Letter of Credit may be issued under this Agreement at any time that there shall exist a Defaulting Lender, unless US Borrower
shall, upon issuance of such subsequent Letter of Credit, Cash Collateralize the applicable LC Issuing Bank’s Fronting Exposure
(determined after giving effect to Section 2.20(a)(iii) and any Cash Collateral provided by such Defaulting Lender).


 


(b)              
Defaulting Lender Cure. If Borrowers, Administrative Agent, each LC Issuing Bank and the Swingline Lender agree
in writing that a Lender is no longer a Defaulting Lender, Administrative Agent will so notify the parties hereto, whereupon as
of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements
with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding
Revolving Loans of the other Lenders or take such other actions as Administrative Agent may determine to be necessary to cause
the Revolving


 






    
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Loans
and funded and unfunded participations in Letters of Credit and Swingline Loans to be held pro rata by the Lenders in accordance
with the Revolving Commitments, whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments
will be made retroactively with respect to fees accrued or payments made by or on behalf of Borrowers while that Lender was a
Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties,
no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising
from that Lender having been a Defaulting Lender.


 


(c)               
Cash Collateral. At any time that there shall exist a Defaulting Lender, within one (1) Business Day following the
written request of Administrative Agent or any LC Issuing Bank (with a copy to Administrative Agent) US Borrower shall Cash Collateralize
such LC Issuing Bank’s Fronting Exposure (determined after giving effect to Section 2.20(a)(iv) and any Cash Collateral
provided by such Defaulting Lender); provided that each Borrower’s obligation to Cash Collateralize such LC Issuing
Bank’s Fronting Exposure at any time shall be limited to the amount of excess cash flow available to be distributed under
Section 6.4 at such time; provided further that, no subsequent Letter of Credit may be issued under this Agreement
at any time that there shall exist a Defaulting Lender, unless US Borrower shall, upon issuance of such subsequent Letter of Credit,
Cash Collateralize the applicable LC Issuing Bank’s Fronting Exposure (determined after giving effect to Section 2.20(a)(iii)
and any Cash Collateral provided by such Defaulting Lender).


 


(i)                
Grant of Security Interest. US Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender,
hereby grants to Administrative Agent, for the benefit of each LC Issuing Bank, and agrees to maintain, a First Priority Lien
in all such Cash Collateral as security for the Defaulting Lenders’ obligation to fund participations in respect of Letters
of Credit, to be applied pursuant to clause (ii) below. If at any time Administrative Agent determines that Cash Collateral is
subject to any right or claim of any Person other than Administrative Agent and each LC Issuing Bank as herein provided, or that
the total amount of such Cash Collateral is less than the Defaulting Lender’s Pro Rata Share of the applicable Letters of
Credit, US Borrower will, promptly upon demand by Administrative Agent, pay or provide to Administrative Agent additional Cash
Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting
Lender).


 


(ii)              
Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under
this Section 2.20 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s
obligation to fund participations in respect of Letters of Credit (including, as to Cash Collateral provided by a Defaulting Lender,
any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such
property as may otherwise be provided for herein.


 


(iii)            
Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any LC Issuing
Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.20
following (x) the elimination of the applicable Fronting Exposure (including by the termination of


 






    
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Defaulting
Lender status of the applicable Lender) or (y) the determination by Administrative Agent and such LC Issuing Bank that there exists
excess Cash Collateral; provided that subject to the other provisions of this Section 2.20, the Person providing
Cash Collateral and such LC Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure
or other obligations.


 


2.21         
Removal or Replacement of a Lender. Anything contained herein to the contrary notwithstanding, in the event that: (a)
(i) any Lender (an “Increased-Cost Lender”) shall give notice to Borrowers that such Lender is
an Affected Lender or that such Lender is entitled to receive payments under Section 2.16 (other than Section 2.16(c)),
2.17 or 2.18, (ii) the circumstances which have caused such Lender to be an Affected Lender or which entitle
such Lender to receive such payments shall remain in effect, and (iii) such Lender shall fail to withdraw such notice within
five (5) Business Days after Borrowers’ request for such withdrawal; (b) (i) any Lender shall become and continues
to be a Defaulting Lender and (ii) such Defaulting Lender shall fail to cure the default as a result of which it has become a
Defaulting Lender, pursuant to Section 2.20(b), within five (5) Business Days after Borrowers’ request that
it cure such default; (c) any Lender (such Lender a “Non-Consenting Lender”) has failed to consent to a proposed
amendment, waiver, discharge or termination requiring the consent of all of the Lenders or all of the affected Lenders requested
by Borrowers under or with respect to the Financing Documents, and with respect to which the Required Revolving Lenders or Required
Incremental Term Loan Lenders (as applicable) shall have granted their consent, or (d) any Lender (such Lender, a “Non-Extending
Lender”) that has not elected to participate in an Extension pursuant to Section 2.23 then, with respect to each
such Increased-Cost Lender, Defaulting Lender, Non-Consenting Lender or Non-Extending Lender (the “Terminated Lender”),
Borrowers may, subject to the consent (not to be unreasonably withheld) of the Administrative Agent and each LC Issuing Bank and
by giving written notice to Administrative Agent and any Terminated Lender of its election to do so, elect to cause such Terminated
Lender (and such Terminated Lender hereby irrevocably agrees) to assign all or any part of its outstanding Loans and its Revolving
Commitments, if any, in full to one or more Eligible Assignees (each a “Replacement Lender”) in accordance
with the provisions of Section 10.6 and, in such case, (x) the applicable Terminated Lender (except as provided in
clause (y) below) shall pay any fees payable thereunder in connection with such assignment from an Increased-Cost Lender or a
Defaulting Lender and (y) Borrowers shall pay any fees, costs or expenses thereunder in connection with such assignment from a
Non-Consenting Lender or Non-Extending Lender; provided, (1) on the date of such assignment, the Replacement Lender
shall pay to Terminated Lender an amount equal to the sum of (A) an amount equal to the principal of, and all accrued interest
on, all outstanding Revolving Loans of the Terminated Lender, (B) an amount equal to all unreimbursed drawings that have
been funded by such Terminated Lender, together with all then unpaid interest with respect thereto at such time and (C) an
amount equal to all accrued, but theretofore unpaid fees owing to such Terminated Lender pursuant to Section 2.10; (2) on
the date of such assignment, Borrowers shall pay any amounts payable to such Terminated Lender pursuant to Section 2.16(c),
2.17 or 2.18; (3) in the case of any such assignment resulting from a claim for compensation under Section 2.17
or payments required to be made pursuant to Section 2.18, such assignment will result in reduction in such compensation
or payments thereafter; (4) Administrative Agent shall have been paid the assignment fee (if any) specified in Section 10.6(d)(i);
(5) such assignment does not conflict with applicable Governmental Rules and (6) no Default or Event of Default has occurred
and is continuing; 



 






    
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provided,
Borrowers may not make such election with respect to any Terminated Lender that is also an LC Issuing Bank unless, prior to the
effectiveness of such election, Borrowers shall have caused each outstanding Letter of Credit issued thereby to be cancelled,
fully Cash Collateralized or supported by a “back-to-back” Letter of Credit reasonably satisfactory to such Terminated
Lender. In connection with any such replacement, if the replaced Lender does not execute and deliver to Administrative Agent a
duly completed Assignment Agreement reflecting such replacement within a period of time deemed reasonable by Administrative Agent,
then such replaced Lender shall be deemed to have executed and delivered such Assignment Agreement. Upon the prepayment of all
amounts owing to any Terminated Lender and the termination of such Terminated Lender’s Revolving Commitments, if any, such
Terminated Lender shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such Terminated
Lender to indemnification hereunder shall survive as to such Terminated Lender. A Lender shall not be required to make any such
assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling Borrowers
to require such assignment and delegation cease to apply.


 


		2.22	Additional Indebtedness



 


(a)               
Upon written notice to the Administrative Agent, Borrowers may from time to time request, prior to the Revolving Commitment
Termination Date, an increase in the existing Revolving Commitments (the “Increased Commitments”) or to establish
a new term loan Credit Facility (the “Incremental Term Loan Commitments” and, together with the Increased Commitments,
the “Incremental Facilities”); provided that the amount of such Incremental Facilities shall be determined
by Borrowers and shall not exceed the greater of $600,000,000 and 250% of Borrower Cash Flow as of the last day of the most recently
ended Measurement Period, in the aggregate for all Incremental Facilities outstanding at any time (the “Available Incremental
Amount”); provided that any such request for Incremental Facilities shall be in a minimum amount of $10,000,000.


 


(b)              
Each such notice shall specify (i) the date (each, an “Increased Amount Date”) on which Borrowers propose
that the Increased Commitments or Incremental Term Loan Commitments, as applicable, shall be effective, which shall be a date
not less than five (5) Business Days after the date on which such notice is delivered to the Administrative Agent (unless the
Administrative Agent otherwise agrees to a shorter period) and (ii) the identity of each Lender or other Person (which shall be
an Eligible Assignee) (each, an “Increased Commitment Lender” or “Incremental Term Loan Lender,”
as applicable) to whom Borrowers propose any portion of such Increased Commitments or Incremental Term Loan Commitments, as applicable,
initially be allocated and the amounts of such allocations (and whether any such Increased Commitment Lender or its Affiliates
will become an Issuing Bank and, if so, the amount of each such Person’s Lender Sublimit); provided that any existing
Lender approached to provide all or a portion of the Increased Commitments or Incremental Term Loan Commitments, as applicable,
may elect or decline, in its sole discretion, to provide such commitments. Any Incremental Term Loans made on an Increased Amount
Date shall be designated as a separate series (a “Series”) of Incremental Term Loans for all purposes of this
Agreement or, if made on terms identical to any existing Series of Incremental Term Loans, may constitute a part of such Series
of Incremental Term Loans.


 






    
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(c)               
The Administrative Agent shall promptly notify Borrowers and the existing Lenders of (x) the Increased Commitments and
the Increased Commitment Lenders or the Incremental Term Loan Commitments and the Incremental Term Loan Lenders, as applicable
and (y) in the case of each notice to any Lender, the respective interests in such Lender’s Revolving Loans, in each case
subject to the assignments contemplated by this Section 2.22. Each Increased Commitment Lender and Incremental Term Loan
Lender shall be subject to the provisions of Section 2.18.


 


(d)              
On any Increased Amount Date on which Increased Commitments are made effective or available, subject to the satisfaction
of the terms and conditions in this Section 2.22, each of the existing Lenders shall assign to each of the
Increased Commitment Lenders, and each of the Increased Commitment Lenders shall purchase from each of the existing Lenders, at
the principal amount thereof (together with accrued interest), such interests in the Revolving Loans outstanding on such Increased
Amount Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans
and unused Revolving Commitments will be held by existing Lenders and such Increased Commitment Lenders ratably in accordance
with their Revolving Commitments after giving effect to the addition of such Increased Commitments to the Revolving Commitments,
(i) each Increased Commitment shall be deemed for all purposes a Revolving Commitment and each Incremental Revolving Loan made
thereunder shall be deemed, for all purposes, a Revolving Loan and (ii) each Increased Commitment Lender shall become a Lender
with respect to the Increased Commitment and all matters relating thereto. The Increased Commitments shall become Revolving Commitments
under this Agreement pursuant to an Incremental Amendment and, as appropriate, amendments to the other Credit Documents. Such
amendment may, without the consent of any other Lender, effect such amendments to this Agreement and the other Credit Documents
as may be necessary, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this
Section 2.22.


 


(e)               
On any Increased Amount Date on which any Incremental Term Loan Commitments of any Series are effective, subject to the
satisfaction of terms and conditions to be mutually agreed between the applicable Borrower and the Incremental Term Loan Lenders
providing such Incremental Term Loans (and including the terms and conditions in this Section 2.22), each
Incremental Term Loan Lender of such Series shall make a Loan to the applicable Borrower (an “Incremental Term Loan”)
in an amount equal to its Incremental Term Loan Commitment of such Series and (i) each Incremental Term Loan Lender of such Series
shall become a Lender hereunder with respect to its Incremental Term Loan Commitment and the Incremental Term Loans of such Series
made pursuant thereto.


 


(f)               
The terms and provisions of the Incremental Facilities shall be, (i) except as otherwise set forth herein, as agreed in
the Incremental Amendment and, as appropriate, any necessary amendments to the other Credit Documents, executed by the Borrowers,
the applicable Increased Commitment Lenders and Incremental Term Loan Lenders providing such Increased Commitments and Incremental
Term Loan Commitments, respectively, and the Administrative Agent and (ii) subject to the limitations in clauses (A) and (B) below,
not more restrictive, taken as a whole, to the Borrowers and the other Credit Parties than those applicable to any Revolving Credit
Facility at the time of incurrence of such Incremental Facility, unless such other terms (1) apply only after the Latest Maturity
Date of each such Revolving Credit Facility in effect at the


 






    
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time
of incurrence of such Incremental Facility, (2) shall also apply to each Revolving Credit Facility at the time of incurrence of
such Incremental Facility (which such application shall not require the consent of the Lenders or the Administrative Agent if
so reasonably determined by the Borrowers) or (3) in the case of Incremental Term Facilities, relate to mandatory prepayments,
premiums (including make-whole provisions), interest, fees or (subject to the foregoing) maturity or amortization. In any event,
(A) the Weighted Average Life to Maturity of any such Incremental Term Facility shall be no shorter than 75% of the remaining
time to maturity date of the Revolving Loans in effect at such time of incurrence, (B) the applicable Maturity Date for any such
Increased Commitments shall be no shorter than the Latest Maturity Date for all Revolving Loans at the time of incurrence of such
Incremental Facility, (C) any Increased Commitments (and the Revolving Loans made thereunder) shall have the same terms as the
existing Revolving Commitments and (D) each Incremental Facility shall be secured by a pari passu or junior lien on the
Collateral securing the Revolving Credit Facility pursuant to documents substantially in the form of the Collateral Documents
in place on the Closing Date (or otherwise more favorable to the Borrowers in the case of any Incremental Term Loans), with such
changes necessary to reflect the junior status of any junior liens. Without limiting the foregoing, any Incremental Amendment
establishing or increasing Incremental Term Facilities may provide that the mandatory prepayment provisions of Section 2.12
permit such prepayments to be applied first to any Incremental Term Loans and customary provisions to permit buy-backs of
term loan debt (subject to no Default or Event of Default).


 


(g)              
Each Incremental Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and
the other Credit Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, the Borrowers and the
lenders providing the relevant Incremental Facility, to effect the provisions of this Section 2.22 (including, in the case
of any Incremental Term Loans, to provide for additional mandatory prepayments not already included herein and debt buyback provisions
on customary terms).


 


(h)              
As a condition precedent to such increase, the Borrower shall deliver to the Administrative Agent (x) reaffirmation agreements
of the Credit Parties which reaffirm the guaranty and Liens provided pursuant to the Credit Documents and (y) a certificate of
each Credit Party dated as of the Increased Amount Date signed by an Authorized Representative of such Credit Party (i) certifying
and attaching the resolutions adopted by such Credit Party approving or consenting to such increase and (ii) in the case of Borrowers,
certifying that, before and after giving effect to such increase, subject to Section 1.7, (A) the representations and warranties
contained in Section 4 and the other Credit Documents are true and correct in all material respects (except to the extent
any such representation and warranty itself is qualified by “materiality”, “Material Adverse Effect” or
any similar qualifier, in which case, it shall be true and correct in all respects) on and as of the Increased Amount Date, except
to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and
correct as of such earlier date; provided that to the extent such Incremental Facility will be used concurrently with the
initial provision of such Incremental Facility to finance any Investment permitted pursuant to Section 6.5(i), the such
representations and warranties shall be limited to customary “SunGard” representations and warranties (including those
with respect to the target contained in the acquisition or merger agreement to the extent failure of such representations and
warranties to be true and correct permits the Borrowers or relevant Affiliates thereof not to consummate the transactions contemplated
thereby, (B) as of the time of


 






    
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determination
provided by Section 1.7, no Event of Default exists at such time and no Event of Default would exist immediately after
giving effect thereto and (C) as of the time of determination provided by Section 1.7, Borrowers are in compliance with
the financial covenants set forth in Section 6.6 (treating any such increase in the form of Increased Commitments as fully
drawn for this purpose). To the extent reasonably requested by the Administrative Agent (acting in its capacity as such), Borrowers
shall deliver or cause to be delivered legal opinions which are similar to those delivered on the Closing Date pursuant to Section
3.1(f) (or otherwise in form and substance reasonably satisfactory to the Administrative Agent) and any other documents, in
each case as reasonably requested by the Administrative Agent in connection with any such transaction.


 


(i)                
This Section 2.22 shall supersede any provisions in Section 2.15 or 10.5 to the contrary.


 


		2.23	Extensions of Loan Terms



 


(a)               
Borrowers may from time to time, pursuant to the provisions of this Section 2.23, agree with one or more Lenders
holding any Class (“Existing Class”) of (x) Revolving Loans and Revolving Commitments or (y) Incremental Term
Loans and Incremental Term Loan Commitments to extend the maturity date and to provide for other terms consistent with this Section
2.23 (each such modification, an “Extension”) pursuant to one or more written offers (each an “Extension
Offer”) made from time to time by the Borrowers to all Lenders under any Class that is proposed to be extended under
this Section 2.23, in each case on a pro rata basis (based on the relative outstanding Revolving Commitments or Incremental
Term Loan Commitments, as applicable, of each Lender in such Class (or if no such Revolving Commitments or Incremental Term Loan
Commitments, as applicable, are outstanding, the amount of Revolving Loans or Incremental Term Loans, as applicable, of each Lender
in such Class)) and on the same terms to each such Lender. In connection with each Extension, Borrowers will provide notification
to the Administrative Agent (for distribution to the Lenders of the applicable Class), no later than 30 days prior to the maturity
of the applicable Class or Classes to be extended of the requested new maturity date for the (x) Extended Revolving Loans and
Extended Revolving Commitments or (y) Extended Incremental Term Loans and Extended Incremental Term Loan Commitments of each such
Class (each an “Extended Maturity Date”) and the due date for Lender responses. In connection with any Extension,
each Lender of the applicable Class wishing to participate in such Extension shall, prior to such due date, provide the Administrative
Agent with a written notice thereof in a form reasonably satisfactory to the Administrative Agent. Any Lender that does not respond
to an Extension Offer by the applicable due date shall be deemed to have rejected such Extension. In connection with any Extension,
Borrowers shall agree to such procedures, if any, as may be reasonably established by, or acceptable to, the Administrative Agent
to accomplish the purposes of this Section 2.23.


 


(b)              
After giving effect to any Extension, the Extended Commitments shall cease to be a part of the Class that they were a part
of immediately prior to the Extension and shall be a new Class hereunder; provided that at no time shall there be more
than six (6) different classes of Commitments; provided further that, (i) all borrowings and all prepayments of Revolving
Loans shall continue to be made on a ratable basis among all Lenders, based on the relative amounts of their Revolving Commitments,
until the repayment of the Revolving Loans


 






    
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attributable
to the non-extended Revolving Commitments on the relevant Revolving Commitment Termination Date, (ii) all prepayments of Incremental
Term Loans shall continue to be made on a ratable basis among all Incremental Term Loan Lenders, based on the relative amounts
of their Incremental Term Loan Commitments, until the repayment of the Incremental Term Loans attributable to the non-extended
Incremental Term Loans on their respective maturity date, (iii) the allocation of the participation exposure with respect to any
then-existing or subsequently issued or made Letter of Credit and Swingline Loans as between the Revolving Commitments of such
new Class and the remaining Revolving Commitments shall be made on a ratable basis in accordance with the relative amounts thereof
until the Revolving Commitment Termination Date relating to such non-extended Revolving Commitments has occurred, (iv) no termination
of Extended Revolving Commitments and no repayment of Extended Revolving Loans accompanied by a corresponding permanent reduction
in Extended Revolving Commitments shall be permitted unless such termination or repayment (and corresponding reduction) is accompanied
by at least a pro rata termination or permanent repayment (and corresponding pro rata permanent reduction), as applicable, of
all other Classes of Revolving Loans and Revolving Commitments with an earlier Revolving Commitment Termination Date (or all such
Revolving Commitments and related Revolving Loans shall have otherwise been terminated and repaid in full) and (v) with respect
any to Letters of Credit or Swingline Loans, the applicable Revolving Commitment Termination Date cannot be extended without the
prior written consent of each such LC Issuing Bank and the Swingline Lender (as applicable), and the availability of the Revolving
Commitments cannot be extended in a manner that extends the availability of the Letter of Credit facility or Swingline Loan facility
without the prior written consent of each LC Issuing Bank and the Swingline Lender so extending (as applicable). If the Total
Utilization of Revolving Commitments exceeds the Revolving Commitment as a result of the occurrence of the Revolving Commitment
Termination Date with respect to any Class of Revolving Commitments while an extended Class of Revolving Commitments remains outstanding,
the Borrower shall make such payments as are necessary in order to eliminate such excess on such Revolving Commitment Termination
Date.


 


(c)               
The consummation and effectiveness of each Extension shall be subject to the following both before and after giving effect
thereto:


 


(i)                
the Existing Commitments of any Lender extended pursuant to any Extension of (x) Revolving Commitments (“Extended
Revolving Commitments” and the loans thereunder, “Extended Revolving Loans”) or (y) Incremental Term
Loan Commitments (“Extended Incremental Term Loan Commitments” and the loans thereunder, “Extended
Incremental Term Loans”) shall have the same terms as the Class of existing (x) Revolving Commitments (“Existing
Revolving Commitments” and the loans thereunder, “Existing Revolving Loans”) or (y) Incremental Term
Loan Commitments (“Existing Incremental Term Loan Commitments” and the loans thereunder, “Existing
Incremental Term Loans”), as applicable, subject to the related Extension Amendment; except (A) the final maturity
date of any Extended Commitments and Extended Loans of a Class to be extended pursuant to an Extension shall be later than the
Maturity Date of the Class of Existing Commitments and Existing Loans subject to the related Extension Amendment, and the Weighted
Average Life to Maturity of any Extended Incremental Term Loan Commitments and Extended Incremental Term Loans of a Class to be
extended pursuant to an Extension shall be no shorter than the Weighted


 






    
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Average
Life to Maturity of the Class of Existing Incremental Term Loan Commitments and Existing Incremental Term Loans subject to the
related Extension Amendment; (B) the all-in pricing (including, without limitation, with respect to margins, fees and premiums)
with respect to the Extended Commitments and Extended Loans may be higher or lower than the all-in pricing (including, without
limitation, margins, fees and premiums) for the Existing Commitments and Existing Loans; (C) the Revolving Commitment fee rate
with respect to the Extended Revolving Commitments may be higher or lower than the Revolving Commitment fee rate for Existing
Revolving Commitments; (D) no repayment of any Extended Revolving Loans and no cancellation of any Extended Revolving Commitments
shall be permitted unless such repayment or cancellation, as applicable, is accompanied by an at least pro rata repayment or cancellation,
as applicable, of all earlier maturing Revolving Loans and Revolving Commitments (including previously extended Revolving Loans
and Revolving Commitments) (or all earlier maturing Revolving Loans and Revolving Commitments (including previously extended Revolving
Loans and Revolving Commitments) shall otherwise be or have been terminated and repaid in full); (E) no repayment of any Extended
Incremental Term Loans shall be permitted unless such repayment is accompanied by an at least pro rata repayment of all earlier
maturing Incremental Term Loans (including previously extended Incremental Term Loans); (F) the Extended Commitments may contain
a “most favored nation” provision for the benefit of Lenders holding Extended Commitments; and (G) the other terms
and conditions applicable to Extended Commitments and Extended Loans may be different than those with respect to the Existing
Commitments and Existing Loans, so long as such terms and conditions only apply after the Latest Maturity Date with respect to
Existing Loans in effect at the time of the Extension; provided further, each Extension Amendment may, without the consent
of any Lender other than the applicable extending Lenders, effect such amendments to this Agreement and the other Credit Documents
as may be necessary or appropriate, in the opinion of the Administrative Agent and the Borrowers, to give effect to the provisions
of this Section 2.23, including any amendments necessary to treat the applicable Loans or Revolving Commitments of the
extending Lenders as a new “Class” of loans or commitments hereunder; provided, however, no Extension
Amendment may provide for any Class of Extended Commitments and Extended Loans to be secured by any Collateral or other assets
of any Credit Party that does not also secure the Existing Commitments and Existing Loans;


 


(ii)              
all documentation in respect of such Extension shall be consistent with the foregoing; and


 


(iii)            
a minimum amount in respect of such Extension (to be determined in the Borrowers’ discretion and specified in the
relevant Extension Offer, but in no event less than $25,000,000, unless another amount is agreed to by the Administrative Agent)
shall be satisfied.


 


Any
Lender that does not elect to participate in an Extension shall be deemed to be a Non-Extending Lender and subject to being replaced
pursuant to Sections 2.21 and 10.5.


 






    
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(d)              
The Lenders hereby irrevocably authorize the Administrative Agent to enter into amendments (collectively, “Extension
Amendments”) to this Agreement and the other Credit Documents as may be necessary in order to establish new Classes
of Commitments and Loans created pursuant to an Extension, in each case on terms consistent with this Section 2.23. Without
limiting the foregoing, in connection with any Extension, (i) the appropriate Credit Parties shall (at their expense) amend (and
the Administrative Agent is hereby directed to amend) any Credit Document that the Administrative Agent reasonably requests to
be amended to reflect an Extension that has a maturity date prior to the latest Extended Maturity Date so that such maturity date
is extended to the then latest Extended Maturity Date (or such later date as may be advised by counsel to the Administrative Agent)
and (ii) Borrowers shall deliver (A) board resolutions, secretary’s certificates and officer’s certificates, in each
case as reasonably requested by the Administrative Agent and (B) if requested by the Administrative Agent, a legal opinion, in
form and substance reasonably acceptable to the Administrative Agent, as to (x) the enforceability of such Extension Amendment
and (y) such other customary matters reasonably requested by the Administrative Agent.


 


(e)               
Promptly following the consummation and effectiveness of any Extension, Borrowers will furnish to the Administrative Agent
(who shall promptly furnish to each Lender) written notice setting forth the Extended Maturity Date and material economic terms
of the Extension and the aggregate principal amount of each Class of Loans and Commitments after giving effect to the Extension
and attaching a copy of the fully executed Extension Amendment.


 


(f)               
This Section 2.23 shall supersede any provisions in Section 2.15 or 10.5 to the contrary.


 


2.24         
Refinancing Facilities. (a) Notwithstanding anything to the contrary in this Agreement, so long as no Event of Default
has occurred and is continuing (as determined pursuant to Section 1.7), the Borrowers may at any time and from time to time by
written notice to the Administrative Agent elect to establish one or more additional Classes of Loans or Revolving Commitments
under this Agreement (“Refinancing Loans” or “Refinancing Commitments”), which Refinancing
Loans or Refinancing Commitments will refinance, pursuant to a voluntary prepayment in accordance with Section 2.11, all
or any portion of any Class of Loans or Revolving Commitments (as applicable) then outstanding under this Agreement (any portion
thereof that is not so refinanced, the “Non-Refinanced Loans” or “Non-Refinanced Commitments”).
Each such notice shall specify the date (each, a “Refinancing Effective Date”) on which the Borrowers propose
that the Refinancing Loans or Refinancing Commitments shall be made, which shall be a date not less than five (5) Business Days
after the date on which such notice is delivered to the Administrative Agent (or such shorter period as may be agreed to by the
Administrative Agent in its sole discretion); provided that:


 


(i)                
at no time shall there be more than six (6) different Classes of Loans;


 


(ii)              
before and after giving effect to the borrowing of such Refinancing Loans or the incurrence of such Refinancing Commitments
on the Refinancing Effective Date, each of the conditions set forth in Section 3.2 shall be satisfied to the extent


 






    
	 	-95-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


required
by the relevant Refinancing Amendment governing such Refinancing Loans or Refinancing Commitments;


 


(iii)            
the Refinancing Loans may have different amortization payments and maturity dates than the other Loans and the Refinancing
Commitments; provided that the final maturity date and Weighted Average Life to Maturity of such Refinancing Loans shall
not be prior to or shorter than that applicable to the Loans being refinanced thereby (or in the case of any Revolving Loans that
are refinanced with term loans, shall be no shorter than 75% of the remaining time to stated maturity of such Revolving Loans
being refinanced (in effect at the time of such incurrence));


 


(iv)            
all other terms applicable to such Refinancing Loans (other than provisions relating to original issue discount, upfront
fees and interest rates, which shall be as agreed between the Borrower and the Refinancing Lenders providing such Refinancing
Loans) shall be no more restrictive, taken as a whole, to the terms applicable to the Loans being refinanced thereby (except to
the extent such covenants and other terms (a) apply solely to any period after the latest final maturity of the Loans in effect
on the Refinancing Effective Date immediately prior to the borrowing of such Refinancing Loans or (b) are otherwise added for
the benefit of the other Lenders hereunder);


 


(v)              
at the request of the Administrative Agent, the Borrowers shall deliver or cause to be delivered legal opinions that are
similar to those delivered on the Closing Date pursuant to Section 3.1(f) (or otherwise in form and substance reasonably
satisfactory to the Administrative Agent) and any other customary documents reasonably requested by the Administrative Agent in
connection with any such transaction;


 


(vi)            
the Credit Parties and the Administrative Agent shall enter into such amendments to the Collateral Documents as may be
requested by the Administrative Agent (which shall not require any consent from any Lender) in order to ensure that the Refinancing
Loans and Refinancing Commitments are provided with the benefit of the applicable Collateral Documents on a pari passu basis with
the other Obligations and shall deliver such other customary documents and certificates in connection therewith as may be reasonably
requested by the Administrative Agent;


 


(vii)          
the proceeds of Refinancing Loans shall be applied, substantially concurrently with the incurrence thereof, to the refinancing
of the outstanding Loans so refinanced;


 


(viii)        
the principal amount of Refinancing Loans and the Refinancing Commitment does not exceed the principal amount of Loans
being refinanced thereby except by an amount equal to unpaid accrued interest and premium thereon plus other amounts owing or
unpaid related to such Loans being refinanced and fees and expenses incurred in connection with such refinancing (including, underwriting,
commitment, syndication, legal and similar fees);


 






    
	 	-96-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


(ix)            
there shall be no obligor in respect of such Refinancing Loans that is not a Credit Party, and Borrowers shall be the borrowers
of such Refinancing Loans; and


 


(x)              
Refinancing Loans that are term loans may participate on a pro rata basis or a less than pro rata basis (but not a greater
than pro rata basis) than the other term loans hereunder in any prepayment hereunder and Refinancing Loans that are revolving
loans shall participate on a pro rata basis with all other Revolving Loans hereunder in any prepayment hereunder.


 


(b)              
The Borrowers may approach any Lender or any other Person that would be an Eligible Assignee to provide all or a portion
of the Refinancing Loans or Refinancing Commitments (a “Refinancing Lender”); provided that any Lender
offered or approached to provide all or a portion of the Refinancing Loans or Refinancing Commitments may elect or decline, in
its sole discretion, to provide a Refinancing Loan or Refinancing Commitment. Any Refinancing Loans or Refinancing Commitments
with the same terms made on any Refinancing Effective Date shall be designated a Class of Refinancing Loans or Refinancing Commitments
for all purposes of this Agreement; provided that any Refinancing Loans or Refinancing Commitments may, to the extent provided
in the applicable Refinancing Amendment, be designated as an increase in any previously established Class of Loans or Revolving
Commitment if it has the same terms as such previously established Class of Loans or Revolving Commitments in all respects.


 


(c)               
The Refinancing Loans and Refinancing Commitments shall be established pursuant to an amendment to this Agreement among
the Credit Parties, the Administrative Agent and the Refinancing Lenders providing such Refinancing Loans and Refinancing Commitment
(a “Refinancing Amendment”) which shall be consistent with the provisions set forth in this Section 2.24
(but which shall not require the consent of any other Lender).


 


(d)              
The Lenders hereby irrevocably authorize the Administrative Agent to enter into amendments to this Agreement and the other
Credit Documents with the applicable Credit Parties as may be necessary or advisable in order to effectuate the transactions contemplated
by this Section 2.24. Each Refinancing Amendment shall be binding on the Lenders, the Credit Parties and the other parties
hereto. In addition to any other terms and changes required or permitted by this Section 2.24, each Refinancing Amendment
establishing a Class of Refinancing Loans to refinance Incremental Term Loans shall amend the scheduled amortization payments
provided under any Incremental Amendment with respect to the related Non-Refinanced Loans to reduce each scheduled installment
for such Non-Refinanced Loans to an aggregate amount equal to the product of (1) the original aggregate amount of such installment
with respect to the corresponding Loans being refinanced thereby, multiplied by (2) a fraction, the numerator of which is the
aggregate principal amount of such related Non-Refinanced Loans and (y) the denominator of which is the aggregate principal amount
of such Loans being refinanced thereby prior to the effectiveness of such Refinancing Amendment (it being understood that the
amount of any installment payable with respect to any individual Non-Refinanced Loan or Non-Refinanced Commitment shall not be
reduced as a result thereof


 






    
	 	-97-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


without
the consent of the holder of such individual Non-Refinanced Loan). This Section 2.24(d) shall supersede any
provisions in Section 10.5 to the contrary.


 


		Section 3.	                                         CONDITIONS PRECEDENT



 


3.1             
Closing Date. The effectiveness of the amendment and restatement of the Existing Credit Agreement provided for herein
is subject to the satisfaction of the following conditions on or before the Closing Date (or waiver in accordance with Section
10.5):


 


(a)               
Credit Documents. Administrative Agent shall have received a counterpart of the Credit Documents required to be
executed as of the Closing Date, in each case, executed and delivered by each Credit Party (including, in each such party’s
capacity as a Guarantor), as applicable, and, in the case of this Agreement, each Lender party hereto and the Required Lenders
under and as defined in the Existing Credit Agreement.


 


(b)              
Organizational Documents; Incumbency. Administrative Agent shall have received (i) a copy of each Organizational
Document of each Credit Party and each other Restricted Subsidiary, as applicable, and, to the extent applicable, certified as
of a recent date by the appropriate governmental official, each dated the Closing Date or a recent date prior thereto; (ii) signature
and incumbency certificates of the officers of each Credit Party executing the Credit Documents to which it is a party; (iii) resolutions
of the board of directors or similar governing body of each Credit Party approving and authorizing the execution, delivery and
performance of this Agreement and the other Credit Documents to which it is a party or by which it or its assets may be bound
as of the Closing Date, certified as of the Closing Date by its secretary or an assistant secretary as being in full force and
effect without modification or amendment (unless such modification or amendment is otherwise disclosed); and (iv) a good
standing certificate or similar certificate from the applicable Governmental Authority of the jurisdiction of incorporation, organization
or formation of each Credit Party (or, as applicable, any other jurisdiction in which a Credit Party carries on business) and
each other Restricted Subsidiary, each dated a recent date prior to the Closing Date.


 


(c)               
[Reserved.]


 


(d)              
Collateral. The Collateral Agent shall have received:


 


(i)                
[Reserved.]


 


(ii)              
the results of a recent search, by a Person reasonably satisfactory to Collateral Agent, of the UCC or PPSA filing offices
in the jurisdictions specified by each Credit Party, together with copies of all such filings disclosed by such search;


 


(iii)            
[Reserved.]


 


(iv)            
[Reserved.]


 


(v)              
evidence that each Credit Party shall have taken or caused to be taken any other action, executed and delivered or caused
to be executed and delivered any other agreement, document and instrument and made or caused to be made any other


 






    
	 	-98-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


filing
and recording (other than as set forth herein) reasonably required by Collateral Agent to create or perfect a First Priority Lien
on the Collateral.


 


The
Liens purported to be created by the Collateral Documents shall have attached and shall constitute valid, perfected and enforceable
First Priority Liens on the Collateral.


 


(e)               
Financial Statements; Projections. Administrative Agent shall have received (i) the Historical Financial Statements
and (ii) the Base Case Model and Projections.


 


(f)               
Opinions of Counsel to Credit Parties. Administrative Agent shall have received executed copies of the favorable
written opinions of (i) Davis Polk & Wardwell LLP, New York counsel for Credit Parties, (ii) Blake, Cassels & Graydon
LLP, Canadian counsel for Credit Parties, (iii) McInnes Cooper, Nova Scotia counsel for Credit Parties and (iv) Morris, Nichols,
Arsht & Tunnell LLP, Delaware counsel to the Credit Parties, in the form of Exhibits D-1, D-2, D-3, and
D-4 respectively, each dated as of the Closing Date and otherwise in form and substance reasonably satisfactory to Administrative
Agent (and each Credit Party hereby instructs such counsel to deliver such opinions to Administrative Agent).


 


(g)              
Fees. Borrowers shall have paid (i) to the Administrative Agent, Collateral Agent, Syndication Agent, Documentation
Agent and Lenders, all fees and expenses due and owing pursuant to the Credit Documents and payable on the Closing Date (including
the amounts due under the Fee Letter) and (ii) to the Joint Bookrunners, Agents and Lenders (each as defined in the Existing Credit
Agreement) all fees (including commitment fees and Letter of Credit Fees (as defined in the Existing Credit Agreement)) and expenses,
whether accrued or due and owing, under the Existing Credit Agreement.


 


(h)              
Solvency Certificate. Administrative Agent shall have received a Solvency Certificate dated as of the Closing Date
and addressed to Administrative Agent and Lenders, and substantially in the form of Exhibit G hereto.


 


(i)                
No Litigation. There shall not exist any Adverse Proceeding, individually or in the aggregate, that could reasonably
be expected to result in a Material Adverse Effect.


 


(j)                
No Event of Default or Default. No Event of Default or Default has occurred and is continuing as of the Closing
Date or would result from this Agreement becoming effective in accordance with its terms.


 


(k)              
Closing Date Certificate. Administrative Agent shall have received a Closing Date Certificate dated as of the Closing
Date.


 


(l)                
Patriot Act. Administrative Agent shall have received all documentation and other information about the Credit Parties
at least fifteen (15) Business Days prior to the Closing Date as shall have been requested by Administrative Agent (either on
its behalf or on behalf of any Lender) that Administrative Agent or any Lender shall have reasonably determined is required by
regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including
the Act.


 






    
	 	-99-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


Each Lender,
by delivering its signature page to this Agreement, shall be deemed to have acknowledged receipt of, and consented to and approved,
each Credit Document and each other document required to be approved by any Agent, Required Lenders or Lenders, as applicable
on the Closing Date unless Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date
specifying its objection thereto.


 


		3.2	Conditions to Each Credit
Extension



 


(a)               
Conditions Precedent. Except with respect to any Incremental Facility or Incremental Equivalent Debt (as applicable),
the obligation of each Lender to make any Loan (other than Revolving Loans converted pursuant to Section 2.3(c) or Swingline
Loans) on any Credit Date (including the Closing Date), any LC Issuing Bank to issue, amend or extend any Letter of Credit on
any Credit Date (including the Closing Date) are subject to the satisfaction of the following conditions precedent (or waiver
in accordance with Section 10.5):


 


(i)                
Administrative Agent shall have received a fully executed and delivered Borrowing Notice And Certificate or Notice of LC
Activity and Certificate, as the case may be, which shall include certifications that Borrowers have satisfied the conditions
precedent in clauses (ii) through (viii) below as of the applicable Credit Date or Increased Amount Date;


 


(ii)              
after making the Credit Extensions requested on such Credit Date, the Total Utilization of Revolving Commitments shall
not exceed the Revolving Commitments then in effect;


 


(iii)            
as of such Credit Date, the representations and warranties of the Credit Parties (including those made on behalf of the
Restricted Subsidiaries pursuant to Section 5.10) contained herein and in the other Credit Documents shall be true and
correct in all material respects (except to the extent any such representation and warranty itself is qualified by “materiality”,
“Material Adverse Effect” or any similar qualifier, in which case, it shall be true and correct in all respects) on
and as of that Credit Date to the same extent as though made on and as of that date, except to the extent such representations
and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true
and correct in all material respects (except to the extent any such representation and warranty itself is qualified by “materiality”,
“Material Adverse Effect” or any similar qualifier, in which case, it shall have been true and correct in all respects)
on and as of such earlier date;


 


(iv)            
as of such Credit Date, no event shall have occurred and be continuing or would result from the consummation of the applicable
Credit Extension that would constitute either a Default or an Event of Default under this Agreement;


 


(v)              
on or before the date of issuance, amendment or extension of any Letter of Credit, Administrative Agent shall have received
all other information required under Section 2.3;


 






    
	 	-100-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


(vi)            
as of such Credit Date, Borrowers shall be in compliance with the Leverage Ratio and Interest Coverage Ratio requirements
described in Section 6.6 for the immediately preceding Measurement Period;


 


(vii)          
since December 31, 2016, no event, circumstance or change has occurred that has caused or could reasonably be expected
to result in a Material Adverse Effect; and


 


(viii)        
neither Administrative Agent nor any Lender shall have received any order or demand in respect of a Borrower under Section
224(1.1) of the ITA or Section 317 of the Excise Tax Act (Canada) or any similar federal, state, provincial or local legislation.


 


(b)              
Notices. Any Notice shall be executed by an Authorized Representative in a writing delivered to Administrative Agent.
In lieu of delivering a Notice, Borrowers may give Administrative Agent telephonic notice by the required time of any proposed
borrowing, conversion/continuation or issuance of a Letter of Credit, as the case may be; provided each such notice shall
be promptly confirmed in writing by delivery of the applicable Notice to Administrative Agent on or before the applicable date
of borrowing, continuation/conversion or issuance. Neither Administrative Agent nor any Lender shall incur any liability to Borrowers
in acting upon any telephonic notice referred to above that Administrative Agent believes in good faith to have been given by
a duly Authorized Representative or other person authorized on behalf of Borrowers or for otherwise acting in good faith.


 


(c)               
Request and Acceptance of Proceeds. The request and acceptance, respectively, by the Borrowers of the proceeds of
any Loan or the incurrence of any L/C Obligations shall be deemed to constitute, as of the respective date thereof, a representation
and warranty by the Borrowers that the conditions in this Section 3.2 have been satisfied.


 


		Section 4.	REPRESENTATIONS AND WARRANTIES



 


In
order to induce Lenders and LC Issuing Banks to enter into this Agreement and to make each Credit Extension to be made thereby,
the Credit Parties, on behalf of themselves and, where applicable, on behalf of the Restricted Operating Company Subsidiaries
and, pursuant to Section 5.10, the other Restricted Subsidiaries, each represent and warrant to each Lender and each LC Issuing
Bank, on the Closing Date and on each Credit Date, that the following statements are true and correct (it being understood and
agreed that the representations and warranties made on the Closing Date are deemed to be made concurrently with the consummation
of the Transactions contemplated hereby):


 


4.1             
Organization; Requisite Power and Authority; Qualification. Each Credit Party (a) is duly organized, validly existing
and in good standing under the Governmental Rules of its jurisdiction of organization as identified in Schedule 4.1,
(b) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and
as proposed to be conducted, to enter into the Credit Documents, if any, to which it is a party and to carry out the transactions
contemplated thereby, and (c) is qualified to do business and in good standing in every jurisdiction where its assets are
located and wherever necessary to carry out its


 






    
	 	-101-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


business
and operations, except in the case of clauses (b) and (c), where the failure to do so would not be reasonably expected to have,
a Material Adverse Effect. Each Credit Party represents and warrants that the foregoing is true with respect to each Restricted
Operating Company Subsidiary.


 


4.2             
Subsidiaries; Capital Stock and Ownership. Schedule 4.2 sets forth as of the Closing Date the name and
jurisdiction of incorporation of each Subsidiary of each Credit Party and the ownership interest of the Credit Parties and their
respective Subsidiaries as of the Closing Date. The Capital Stock of each of Borrowers and the Restricted Holding Company Subsidiaries
the shares of which are pledged under the Pledge Agreements has been duly authorized and validly issued and is fully paid and
non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant,
call, right, commitment or other agreement to which, Borrowers or any of the Restricted Holding Company Subsidiaries is a party
requiring, and there is no membership interest or other Capital Stock of Borrowers or any of the Restricted Holding Company Subsidiaries
outstanding which upon conversion or exchange would require, the issuance by Borrowers or any of the Restricted Holding Company
Subsidiaries of any Capital Stock of Borrowers or any of the Restricted Holding Company Subsidiaries or other Securities convertible
into, exchangeable for or evidencing the right to subscribe for or purchase Capital Stock of Borrowers or any of the Restricted
Holding Company Subsidiaries.


 


4.3             
Due Authorization. The execution, delivery and performance of the Credit Documents have been duly authorized by all
necessary action on the part of each Credit Party that is a party thereto.


 


		4.4	No Conflict.



 


(a)               
The execution, delivery and performance by Credit Parties of the Credit Documents to which they are parties and the consummation
of the transactions contemplated by the Credit Documents do not and will not (i) violate any provision of Governmental Rules
applicable to the Credit Parties, any of the Organizational Documents of the Credit Parties or any order, judgment or decree of
any court or other Governmental Authority binding on the Credit Parties; (ii) conflict with, result in a breach of or constitute
(with due notice or lapse of time or both) a default under any material Contractual Obligation of the Credit Parties; (iii)
result in or require the creation or imposition of any Lien upon any of the properties or assets of the Credit Parties (other
than any Liens created under any of the Credit Documents in favor of Collateral Agent, on behalf of Secured Parties, or any other
Lien permitted hereunder); or (iv) require any approval of stockholders, members or partners or any approval or material
consent of any Person under the applicable Organizational Documents of the Credit Parties, except for such approvals or consents
which will be obtained on or before the Closing Date and disclosed to Administrative Agent or approvals to enforce certain remedies
in the case of a foreclosure.


 


(b)              
The execution, delivery and performance by Credit Parties of the Credit Documents to which they are parties and the consummation
of the transactions contemplated by the Credit Documents do not and will not (i) violate any provision of any Governmental Rule
applicable to the Restricted Operating Company Subsidiaries or any order, judgment or decree of any court or other Governmental
Authority binding on the Restricted Operating Company


 






    
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Subsidiaries
except where such violation would not reasonably be expected to have a Material Adverse Effect; (ii) conflict with, result in
a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of the Restricted
Operating Company Subsidiaries (including the Project Financing Documents) except where such conflict, breach or default would
not reasonably be expected to have a Material Adverse Effect; (iii) result in or require the creation or imposition of any Lien
upon any of the properties or assets of the Restricted Operating Company Subsidiaries (except for Permitted Liens); or (iv) require
any approval of stockholders, members or partners or any approval or material consent of any Person under the applicable Organizational
Documents of the Restricted Operating Company Subsidiaries, except for such approvals or consents which will be obtained on or
before the Closing Date and disclosed to Administrative Agent.


 


		4.5	Governmental Authorizations.



 


(a)               
The execution, delivery and performance by the Credit Parties of the Credit Documents to which they are parties and the
consummation of the transactions contemplated by the Credit Documents do not and will not require any registration with, consent
or approval of, or notice to, or other action to, with or by, any Governmental Authority except for (i) the registrations, consents,
approvals, notices or other actions which have been duly obtained, taken, given or made and, are in full force and effect, (ii)
registrations, consents, approvals, notices or other actions required by Governmental Rules in connection with an exercise of
remedies, and (iii) such registrations, consents, approvals, notices or other actions that if not obtained and maintained in full
force and effect would not reasonably be expected to have a Material Adverse Effect.


 


(b)              
As of the Closing Date, no Governmental Authorization, and no notice to, filing with, or consent or approval of any Governmental
Authority is required in connection with the operation of the Projects in accordance with any applicable Governmental Rule and
as otherwise contemplated by this Agreement, except for Governmental Authorizations required to be obtained as of the date hereof
by the terms of the applicable Project Financing Documents and that (i) have been duly obtained, taken, given or made and are
in full force and effect or (ii) the failure of which to obtain and maintain would not reasonably be expected to result in a Material
Adverse Effect. Each Credit Party and Restricted Operating Company Subsidiary is in compliance with each Governmental Authorization
applicable to it in respect of this Agreement, the other Credit Documents and the Project Financing Documents (as the case may
be), the conduct of its business and the ownership of its property, and the construction, operation or maintenance of the Projects,
except, in the case of a Restricted Operating Company Subsidiary, where failure of such compliance would not reasonably be expected
to have a Material Adverse Effect.


 


4.6             
Binding Obligation. Each Credit Document has been duly executed and delivered by each Credit Party that is a party
thereto and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance
with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Governmental
Rules relating to or limiting creditors’ rights generally or by equitable principles (whether enforcement is sought in equity
or at law).


 






    
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4.7             
Historical Financial Statements. The Historical Financial Statements were prepared in conformity with GAAP and fairly
present, in all material respects, the financial position, of the Persons described in such financial statements as at the respective
dates thereof and the results of operations and cash flows, of the entities described therein for each of the periods then ended,
subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments
and the absence of footnotes. As of the Closing Date, none of the Credit Parties nor any Restricted Operating Company Subsidiary
has Indebtedness other than Indebtedness established under the Credit Documents or permitted by the Project Financing Documents,
as the case may be. Since December 31, 2016, there has been no change in the business, results of operations or condition (financial
or otherwise) of the Credit Parties that, individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect.


 


4.8             
Projections. As of the Closing Date, the projections of Borrowers and their Restricted Subsidiaries for the period
Fiscal Year 2018 through and including Fiscal Year 2022 (the “Projections”) set forth in the base case
model in the form attached hereto as Schedule 4.8 (the “Base Case Model”) are based on good faith estimates
and assumptions made by the management of Borrowers believed by management to have been reasonable at the time made; provided,
the Projections are not to be viewed as facts and actual results during the period or periods covered by the Projections may differ
from such Projections and that the differences may be material.


 


4.9             
Adverse Proceedings, Etc. There are no Adverse Proceedings, individually or in the aggregate, that could reasonably
be expected to have a Material Adverse Effect. No Credit Party nor any Restricted Operating Company Subsidiary is subject to or
in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal,
state, provincial, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic
or foreign, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.


 


4.10         
Payment of Taxes. As of the Closing Date, except as otherwise permitted under Section 5.3 and except as would
not reasonably be expected to have a Material Adverse Effect, all material tax returns and reports of each Credit Party and Restricted
Operating Company Subsidiary required to be filed by any of them have been timely filed, and all material taxes and all material
assessments, fees and other governmental charges upon such parties and upon their respective properties, assets, income, businesses
and franchises which are due and payable have been paid when due and payable. No Credit Party knows of any material tax assessment
that has not been disclosed to Administrative Agent that has been assessed in writing against it or any Restricted Operating Company
Subsidiary as of the Closing Date which is not being actively contested by such party in good faith and by appropriate proceedings;
provided, such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have
been made or provided therefor.


 


4.11         
Properties. Each Borrower and its Restricted Subsidiaries has (a) good, sufficient and legal title to (in the
case of fee interests in real property), (b) valid leasehold interests in (in the case of leased property), and (c) good
title to or rights in (in the case of all other personal property), all of their respective material properties and assets reflected
in their


 






    
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respective
Historical Financial Statements referred to in Section 4.7 and in the most recent financial statements delivered pursuant
to Section 5.1, in each case except for assets disposed as permitted under Section 6.7 or as would otherwise
not be reasonably expected to give rise to a Material Adverse Effect. Each Borrower and its Restricted Subsidiaries has good title
to the Capital Stock of its Subsidiaries owned by it. Except for Permitted Liens and Permitted Project Liens, all such properties
and assets are free and clear of Liens.


 


4.12         
Environmental Matters. No Credit Party nor any Restricted Operating Company Subsidiary nor any of their respective
Facilities or operations are subject to any outstanding written order, consent decree or settlement agreement with any Person
relating to any Environmental Law, any Environmental Claim, any Environmental Liability or any Release or threatened Release of
Hazardous Materials that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Each
Project is in compliance with all Environmental Laws, and any past non-compliance with Environmental Law has been fully resolved
without any pending, on-going or future obligation or cost, except to the extent that any such failure to comply or past non-compliance,
individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. Each Credit Party and each
Restricted Operating Company Subsidiary has obtained, maintained and complied with all Governmental Authorizations necessary under
any Environmental Law to own, construct, operate or maintain the Projects, and such Governmental Authorizations are in full force
and effect and not subject to any pending or, to each Credit Party’s knowledge, threatened appeal or Environmental Claim,
except as, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. No Credit Party
nor any Restricted Operating Company Subsidiary has received any letter or request for information under Section 104 of the
Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9604) or any comparable Environmental
Law, except, with respect to matters that would not reasonably be expected to have a Material Adverse Effect. To each Credit Party’s
knowledge, there are and have been no conditions or occurrences, including any Release, threatened Release, use, generation, storage,
treatment, transportation, processing, disposal, removal or remediation of, or exposure to, Hazardous Materials, which could reasonably
be expected to form the basis of any Environmental Claim against, or any Environmental Liability with respect to, any Credit Party
or any Restricted Operating Company Subsidiary that, individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect. No Credit Party nor any Restricted Operating Company Subsidiary has been issued or required to obtain
a permit for the treatment, storage or disposal of hazardous waste for any of its currently owned or operated Facilities, pursuant
to the federal Resource Conservation and Recovery Act, 42 U.S.C. § 6901, et. seq. and its implementing regulations (“RCRA”),
or any comparable Environmental Law, nor are any such Facilities regulated as “interim status” facilities required
to undergo corrective action pursuant to RCRA, except in either case to the extent that such Facilities’ obligations pursuant
to RCRA, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. Compliance with
all requirements of Environmental Law or, to each Credit Party’s knowledge, reasonably likely future requirements arising
from existing Environmental Laws would not reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect.


 


4.13         
No Defaults. No Default or Event of Default has occurred and is continuing. As of the Closing Date, no Credit Party
nor any Restricted Operating Company Subsidiary is in


 






    
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default
in the performance, observance or fulfillment of any of its material obligations, covenants or conditions contained in any other
Transaction Document to which it is a party, which with the giving of notice or the lapse of time or both, could constitute an
event of default under such other Transaction Document, but only to the extent the occurrence of such an event of default could
reasonably be expected to have, individually or in the aggregate, in a Material Adverse Effect.


 


4.14         
Liens. Each Lien created and perfected under the Credit Documents in favor of Collateral Agent constitutes a valid
and enforceable First Priority Lien on the Collateral that is subject to such Lien.


 


4.15         
Compliance with Laws. No Credit Party nor any Restricted Operating Company Subsidiary is in violation of, or has failed
to comply with, the requirements of any applicable Governmental Rules, the violation of, or the failure to comply with, could
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.


 


4.16         
Governmental Regulation. No Credit Party is subject to regulation under the Federal Power Act or the Investment Company
Act of 1940 or under any other federal, state or provincial statute or regulation which may limit its ability to incur Indebtedness
or which may otherwise render all or any portion of the Obligations unenforceable. No Credit Party is a “registered investment
company” or a company “controlled” by a “registered investment company” as such terms are defined
in the Investment Company Act of 1940.


 


4.17         
Margin Stock. No Credit Party or any Restricted Operating Company Subsidiary is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part
of the proceeds of the Revolving Loans made to Borrowers will be used to purchase or carry any such Margin Stock or to extend
credit to others for the purpose of purchasing or carrying any such Margin Stock or for any purpose that violates, or is inconsistent
with, the provisions of Regulation U or X of said Board of Governors.


 


4.18         
Employee Matters. Except as would otherwise be reasonably expected to result in a Material Adverse Effect, (a) neither
Borrowers nor any of their Restricted Subsidiaries (i) has, nor has it ever had, any employees and it has never directly contracted
with individuals who are not independent contractors, (ii) maintains, contributes to or has any direct obligation to maintain
or contribute to, any Employee Benefit Plan; and (iii) has any actual or potential liabilities with respect to any Pension Plan,
including as a result of its affiliation with any of its ERISA Affiliates or as a result of the occurrence of an ERISA Event,
or (b) no Person treated as an independent contractor by either Borrower or any of their Restricted Subsidiaries shall have been
classified as an employee under any Governmental Rule.


 


4.19         
Solvency. The Credit Parties and the Restricted Operating Company Subsidiaries are each Solvent on the Closing Date.


 


4.20         
Disclosure. No representation or warranty of any Credit Party contained in any Credit Document or in any other documents,
certificates or written statements furnished to Lenders by or on behalf of any Credit Party for use in connection with the transactions
contemplated hereby contains, when taken as a whole with other such representations and


 






    
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warranties,
any untrue statement of a material fact or omits to state a material fact (known to the Credit Parties, in the case of any document
not furnished by either of them) necessary in order to make the statements contained herein or therein not misleading in light
of the circumstances in which the same were made. Any projections and pro forma financial information contained in such materials
are based upon good faith estimates and assumptions believed by the Credit Parties to be reasonable at the time made, it being
recognized by Lenders that such projections as to future events are not to be viewed as facts and that actual results during the
period or periods covered by any such projections may differ from the projected results and that such differences may be material.


 


4.21         
Sanctions, Patriot Act, FCPA. To the extent applicable, each Credit Party and Restricted Operating Company Subsidiary
and, to the knowledge of each such Credit Party, each of their respective officers, directors, employees and agents, is in compliance,
in all material respects, with each of (i) the sanctions regulations of the United States Treasury Department’s Office of
Foreign Assets Control (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order
relating thereto, and (ii) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism (USA Patriot Act of 2001) (the “Act”). Neither the Credit Party nor any Restricted Operating
Company Subsidiary will use, directly or indirectly, any part of the proceeds for any payments to any governmental official or
employee, political party, official of a political party, candidate for political office, or anyone else acting in an official
capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign
Corrupt Practices Act of 1977, as amended.


 


4.22         
OFAC. No Credit Party or Restricted Operating Company Subsidiary, or, to the knowledge of each such Credit Party, any
 officer, director, employee or agent of any of the foregoing, is (a) currently the subject of any Sanctions or (b) is engaged
in any transaction with any Person who is the subject of Sanctions or who is located, organized or residing in any Designated
Jurisdiction. No Revolving Loan, nor the proceeds from any Revolving Loan, has been used, directly or indirectly, by any Credit
Party to lend, contribute, provide or has otherwise made available to fund any activity or business in any Designated Jurisdiction
or, to the knowledge of any Credit Party, to fund any activity or business of any Person located, organized or residing in any
Designated Jurisdiction or who is the subject of any Sanctions, or in any other manner that will result in any violation by any
Person (including any Lender, Administrative Agent or LC Issuing Bank) of Sanctions.


 


4.23         
Canadian Pension and Benefit Plans. There are no Canadian Pension Plans or Canadian Multiemployer Pension Plans presently
in force. The Canadian Benefit Plans have been administered in all material respects in accordance with their terms, applicable
collective bargaining agreements, and administrative guidelines and applicable Governmental Rules. No Borrower or Subsidiary of
a Borrower has breached any fiduciary duty owed to beneficiaries of any Canadian Benefit Plan. There are no outstanding disputes,
investigations, examinations or legal proceedings concerning the assets of any Canadian Benefit Plans (other than routine claims
for benefits). No contributions or premium payments required to be made or paid by any Borrower or any Subsidiary of a Borrower
to the Canadian Benefit Plans have been missed. There are no outstanding material liabilities in connection with any Canadian
Benefit Plan relating to the employees, former employees (or their beneficiaries) of any Borrower or


 






    
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Subsidiary
of a Borrower that has been terminated, and each such terminated Canadian Benefit Plan has been terminated in accordance with
its terms and applicable Governmental Rules. There are no current pending actions, suits, claims, or investigations in respect
of any Canadian Benefit Plan (other than routine claims for benefits).


 


		Section 5.	AFFIRMATIVE COVENANTS



 


The
Credit Parties covenant and agree that until the Termination Date, each Credit Party shall perform, and where applicable shall
cause its Restricted Subsidiaries to perform, all covenants in this Section 5 unless a written consent or waiver is obtained
in accordance with Section 10.5.


 


5.1             
Financial Statements and Other Reports. Borrowers will deliver to Administrative Agent and Lenders (which delivery
to Lenders may be satisfied by the posting of relevant documents to IntraLinks):


 


(a)               
Quarterly Financial Statements. As soon as available, and in any event within sixty (60) days (or earlier as
may be required for the filing of Sponsor’s financial statements by the SEC) after the end of each of the first three (3)
Fiscal Quarters of each Fiscal Year (commencing with the end of the first Fiscal Quarter following the Closing Date), (i) the
unaudited consolidated balance sheets of Sponsor and its Subsidiaries and the unaudited balance sheet of the Borrowers (on a combined
basis for Borrowers), as at the end of such Fiscal Quarter, (ii) the related unaudited statements of income and cash flows of
(A) Sponsor and its Subsidiaries and (B) the Borrowers, in each case for such Fiscal Quarter and for the period from the beginning
of the then current Fiscal Year to the end of such Fiscal Quarter, (in each case, without footnotes) setting forth in each case,
in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year all in reasonable detail
and in accordance with GAAP, and (iii) with respect to any Fiscal Quarter during which a Subject Transaction is made, calculations
of the unaudited balance sheets and related unaudited statements of income and cash flows pursuant to clauses (i) and (ii) of
this Section 5.1(a) with respect to such Fiscal Quarter made on a pro forma basis (including pro forma adjustments arising
out of events which are directly attributable to a specific transaction, are factually supportable and are expected to have a
continuing impact, in each case determined on a basis consistent with Article 11 of Regulation S-X promulgated under the Securities
Act and as interpreted by the staff of the SEC) using the historical financial statements of any business so acquired or to be
acquired or sold or to be sold and the financial statements of Borrowers and the Restricted Subsidiaries, which shall be reformulated
as if such Subject Transaction, and any Indebtedness incurred or repaid in connection therewith, had been consummated or incurred
or repaid at the beginning of such Fiscal Quarter (and assuming that such Indebtedness bears interest during any portion of the
applicable Fiscal Quarter prior to the relevant acquisition at the weighted average of the interest rates applicable to outstanding
Loans incurred during such period);


 


(b)              
Annual Audited Financial Statements. As soon as available, and in any event within one hundred twenty (120) days
(or earlier as may be required for the filing of Sponsor’s financial statements by the SEC) after the end of each Fiscal
Year (and in the case of the Restricted Subsidiaries in the form required under the Project Financing Documents), (i) the
audited consolidated balance sheets of Sponsor and its Subsidiaries and the audited balance


 






    
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sheets
of Borrowers (on a combined basis for Borrowers) as at the end of such Fiscal Year, (ii) the related audited statements of income
and cash flows for such Fiscal Year setting forth in each case, in comparative form the corresponding figures for the previous
Fiscal Year in reasonable detail and in accordance with GAAP, and (iii) with respect to any Fiscal Quarter during which a Subject
Transaction is made, calculations of the audited balance sheets and related audited statements of income and cash flows pursuant
to clauses (i) and (ii) of this Section 5.1(b) with respect to such Fiscal Quarter made on a pro forma basis (including
pro forma adjustments arising out of events which are directly attributable to a specific transaction, are factually supportable
and are expected to have a continuing impact, in each case determined on a basis consistent with Article 11 of Regulation S-X
promulgated under the Securities Act and as interpreted by the staff of the SEC) using the historical financial statements of
any business so acquired or to be acquired or sold or to be sold and the financial statements of Borrowers and the Restricted
Subsidiaries, which shall be reformulated as if such Subject Transaction, and any Indebtedness incurred or repaid in connection
therewith, had been consummated or incurred or repaid at the beginning of such Fiscal Year (and assuming that such Indebtedness
bears interest during any portion of the applicable Fiscal Year prior to the relevant acquisition at the weighted average of the
interest rates applicable to outstanding Loans incurred during such period);


 


(c)               
Compliance Certificate and Other Information. together with each delivery of financial statements pursuant to Sections 5.1(a),
and 5.1(b), a duly executed and completed Compliance Certificate which shall include (A) calculations in reasonable
detail of Borrower Cash Flow, Borrower Debt, the Leverage Ratio and Interest Coverage Ratio as of the date of each such financial
statement, (B)  a description of each event, condition or circumstance during the last Fiscal Quarter covered by such Compliance
Certificate requiring a mandatory prepayment under Sections 2.12(a), 2.12(b), 2.12(c), or 2.12(d),
and (C) a list of each Restricted Subsidiary as of the date of delivery of such Compliance Certificate;


 


(d)              
Statements of Reconciliation. If, as a result of any change in accounting principles and policies from those used
in the preparation of the Historical Financial Statements, the financial statements delivered pursuant to Section 5.1(a)
or 5.1(b) will differ in any material respect from the financial statements that would have been delivered pursuant
to such subdivisions had no such change in accounting principles and policies been made, then together with the first delivery
of such financial statement after such change, (i) one or more statements of reconciliation for all such prior financial statements
in form and substance satisfactory to Administrative Agent, and (ii) statements of reconciliation taking into account any adjustments
made to calculations of Borrower Cash Flow and Borrower Debt for all prior Compliance Certificates delivered in connection with
all such prior financial statements.


 


(e)               
Notice of Default, Material Adverse Effect. Promptly upon any Authorized Representative of Borrowers obtaining knowledge
(i) of any condition or event that constitutes a Default or an Event of Default or that notice has been given to Borrowers
or any other Credit Party with respect thereto; (ii) of any (A) condition or event that constitutes an event of default or enforcement
action by lenders under the Project Financing Documents, (B) condition or event that constitutes or causes a material force majeure,
material casualty loss or material condemnation and (C) notice that has been given to Credit Parties with respect to the items
set forth in clauses (A) and (B); (iii) that any Person has given any notice to any Credit Party or taken any action asserting
the occurrence of any event or condition set forth in Section


 






    
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8.1(b);
or (iv) of the occurrence of any other event or change that has caused or evidences, either in any case or in the aggregate,
a Material Adverse Effect, in each case, deliver a certificate of its Authorized Representatives specifying the nature and period
of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature
of such claimed Event of Default, Default, default, event or condition, and what action any Credit Party has taken, is taking
and proposes to take with respect thereto; provided, however, that with respect to the preceding clause (ii), such
preparation and delivery of notice shall only be required to the extent a similar preparation and delivery of notice is required
pursuant to the applicable Project Financing Documents.


 


(f)               
Notice of Litigation. Promptly upon any Authorized Representative of Borrowers obtaining knowledge of the institution
of, or non-frivolous written threat of, any material Adverse Proceeding (i) with respect to any Credit Party or Project not previously
disclosed in writing by Borrowers to Lenders under the Transaction Documents, or (ii)  that seeks to enjoin or otherwise
prevent the consummation of, or to recover any damages or obtain relief as a result of any borrowing or use of proceeds under
the Credit Documents, in each case written notice thereof containing sufficient information to enable Lenders and their counsel
to evaluate such matters; provided, however, that with respect to the preceding clause (i), such preparation and
delivery of notice shall only be required to the extent a similar preparation and delivery of notice is required pursuant to the
applicable Project Financing Documents.


 


(g)              
Annual Credit Parties Budget. As soon as available, and in any event within fifteen (15) days prior to the commencement
of any Fiscal Year, an annual budget for the Credit Parties for such Fiscal Year, prepared on a quarterly basis, including a reasonable
estimate of the management fees and expenses expected to be incurred during such period. Each such annual budget for the Credit
Parties shall include, for the following year, estimated Borrower Cash Flow, projected usage of the Revolving Commitments, and
an explanation of the assumptions on which such forecasts are based. The annual budget shall be accompanied by a certificate of
the Credit Parties certifying that such annual budget is based upon Borrowers’ good faith reasonable estimates.


 


Any documents
required to be delivered pursuant to Section 5.1(a) or (b) may be delivered electronically (including by having
been publicly filed with the SEC) and if so delivered, shall be deemed to have been delivered on the date (i) on which Sponsor
posts such documents, or provides a link thereto on Sponsor’s website; (ii) on which such documents are posted on the Borrowers’
behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent has access (whether a commercial,
third-party website or whether sponsored by the Administrative Agent); or (iii) publicly filed with the SEC, as of the date of
such filing. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of documents referred
to above, and in any event shall have no responsibility to monitor compliance by the Borrowers with any such requests for delivery,
and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.


 


5.2             
Existence. Except as otherwise permitted hereunder, each Credit Party will at all times preserve and keep in full force
and effect its existence and all rights and franchises, licenses and permits material to its business, and, except to the extent
the failure to do so could reasonably be expected to result in a Material Adverse Effect or as otherwise permitted


 






    
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hereunder,
obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or will be necessary
to protect the validity and enforceability of its Organizational Documents and each other instrument or agreement necessary or
appropriate to properly administer its Organizational Documents.


 


5.3             
Payment of Indebtedness, Taxes and Claims. Without limiting the provisions set forth in Section 6.1, each Credit
Party shall duly and punctually pay and discharge all obligations in respect of their Indebtedness, to the extent such Indebtedness
is for an amount equal to or exceeding $100,000,000 in the aggregate, howsoever arising. Each Credit Party will pay all income
and other material Taxes imposed upon it or any of its properties or assets or in respect of any of its income, businesses or
franchises before any penalty or fine accrues thereon, and all claims (including claims for labor, services, materials and supplies)
for material sums that have become due and payable and that by law have or may become a Lien (other than a Permitted Lien) upon
any of its properties or assets, prior to the time when any penalty or fine shall be incurred with respect thereto except, in
each case, where such Tax or claim is being contested in good faith by appropriate proceedings promptly instituted and diligently
conducted, so long as adequate reserve or other appropriate provision, as shall be required in conformity with GAAP, shall have
been made therefor, or where the failure to make such payment would not reasonably be expected to have a Material Adverse Effect.
No Credit Party will file or consent to the filing of any consolidated income tax return with any Person other than any other
Credit Party, Sponsor or any of their respective Subsidiaries.


 


5.4             
Maintenance of Properties and Assets. Except to the extent the failure to do so could reasonably be expected to result
in a Material Adverse Effect, each Credit Party will maintain or cause to be maintained in good repair, working order and condition,
ordinary wear and tear excepted, all material properties used or useful in their business and from time to time will make or cause
to be made all appropriate repairs, renewals and replacements thereof. Each Credit Party will preserve or renew all of its registered
patents, trademarks, trade names, domain names and service marks, the non-preservation of which could reasonably be expected to
have a Material Adverse Effect.


 


5.5             
Insurance. Each Credit Party will (i) maintain, with financially sound and reputable insurers, insurance as of the
type and providing such coverage as is customarily carried by businesses of substantially similar size and character (including
a general commercial liability policy and directors and officers insurance), and (ii) will cause its Restricted Operating Company
Subsidiaries to maintain, with financially sound and reputable insurers, such insurances as may be required under any applicable
Project Financing Documents.


 


5.6             
Books and Records; Inspections. Each Credit Party will, at all times, keep proper books and records and accounts in
compliance with GAAP. At any reasonable time and from time to time upon reasonable prior notice, each Credit Party will, and Borrowers
and Restricted Holding Company Subsidiaries will cause Restricted Operating Company Subsidiaries to, permit any authorized representatives
designated by (i) Administrative Agent (prior to an Event of Default at Administrative Agent’s expense to the extent
Administrative Agent visits more than once per year) or (ii) any Lender coordinated through Administrative Agent (at such
Lender’s expense) to visit and inspect any of the properties of any such party to inspect, copy and take extracts from their
financial and accounting records, and to discuss its and their affairs,


 






    
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finances
and accounts with its and their Representatives (provided that Borrowers may, if they so choose, be present and participate
in any such discussion), in each case all upon reasonable notice and at such reasonable times during normal business hours and
as often as may reasonably be requested and, with respect to any Lender, provided that it coordinates its efforts with
Administrative Agent and so long as no Event of Default has occurred and is continuing, such visit by such Lender shall be limited
to once per year.


 


5.7          Compliance
with Laws. Each Credit Party will comply, and shall use its commercially reasonable efforts to cause each of its Restricted
Operating Company Subsidiaries to comply with the requirements of all applicable Governmental Rules, noncompliance with which
could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. Each Credit Party shall preserve
and maintain all of their Governmental Authorizations necessary for the Projects or otherwise, except where failure to do so would
not reasonably be expected to have a Material Adverse Effect.


 


		5.8	Environmental



 


(a)               
Hazardous Materials Activities, Etc. Each Credit Party shall, or shall cause its Restricted Operating Company
Subsidiaries to, promptly take any and all actions necessary to (i) cure any violation of applicable Environmental Laws by
such Credit Party or any Restricted Operating Company Subsidiary that could reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect, and (ii) make an appropriate response to any Environmental Claim against any Credit
Party or any Restricted Operating Company Subsidiary and discharge any obligations it may have to any Person thereunder where
failure to so respond or discharge could reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect.


 


(b)              
Environmental Disclosure. Promptly after any Borrower becoming aware of the assertion or occurrence thereof, the
US Borrower will deliver to Administrative Agent written notice describing any of the following in reasonable detail: (i) any
Release that individually or in the aggregate could reasonably be expected to require a Remedial Action or give rise to Environmental
Claims or Environmental Liabilities, (ii) any Environmental Claim or any Environmental Liability or (iii) any noncompliance by
any Credit Party or any of their respective Subsidiaries with any Environmental Law, in each case that could reasonably be expected
to have a Material Adverse Effect.


 


5.9          Subsidiaries.
Upon the formation or acquisition of any new Subsidiary to be designated a Restricted Holding Company Subsidiary (unless such
Restricted Holding Company Subsidiary’s Organizational Documents or any tax equity, joint venture arrangement (including
any prospective joint venture arrangement that is contingent on the exercise by the applicable joint venture partner of a then
existing option or substantially similar right to enter into such joint venture arrangement (or a similar obligation on the part
of the Borrowers or their Subsidiaries (contingent or otherwise) to enter into such joint venture arrangement)), voting rights
agreement or similar arrangement (in the case of a Restricted Holding Company Subsidiary that is not wholly-owned by any Credit
Party (or will not be a Wholly-Owned Subsidiary upon the effectiveness of such contingent joint venture following the exercise
of such option or similar right or satisfaction or a similar obligation)), or any Project Financing Document applicable to


 






    
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such
Restricted Holding Company Subsidiary or any of its Subsidiaries, prohibits the making of any such guaranty or the incurrence
of any such Lien on the properties or assets or Capital Stock (or tax equity interests) of such Restricted Holding Company Subsidiary,
but only to the extent and during the period of such prohibition, and if such prohibition ceases to be in effect then Sections
5.9(a), (b) and (c) shall apply to such Restricted Holdings Company Subsidiary), then the applicable Borrower shall, at such Borrower’s
expense:


 


(a)
within 10 Business Days (or such longer period as may be agreed by the Administrative Agent in its reasonable discretion) after
such formation or acquisition, cause such Restricted Holding Company Subsidiary to, (i) in the case of a US Restricted Holding
Company Subsidiary of US Borrower that is not a FSHCO or a Disregarded US Subsidiary, become a Guarantor hereunder and a Grantor
under the US Pledge and Security Agreement by executing and delivering to the Administrative Agent and Collateral Agent a Counterpart
Agreement and (ii) in the case of a Restricted Holding Company Subsidiary that is a Subsidiary of US Borrower and that is a not
a US Restricted Holding Company Subsidiary (but also not a CFC), take such actions as the Administrative Agent may reasonably
request to cause such Restricted Holding Company Subsidiary to guaranty the Obligations, pursuant to documentation to be reasonably
agreed between such Restricted Holding Company Subsidiary and the Administrative Agent (it being understood that such documentation
shall be consistent with the terms of the Collateral Documents (or otherwise consistent with local practice in such jurisdiction)
and that, under no circumstance, shall any such Restricted Holding Company Subsidiary be required to pledge any asset or provide
any guaranty to the extent that taking such action (x) would cause it to be in violation of its Organizational Documents, any
tax equity, joint venture, voting rights or similar arrangement, (y) result in any adverse tax consequences that are material
to the Sponsor or any of its Subsidiaries, (z) cause such Restricted Holding Company Subsidiary or any Borrower or other Restricted
Subsidiary (or any directors, officers or other representatives thereof) to be in violation of any law or (iv) require any Borrower
or Restricted Subsidiary to incur costs in excess of the benefit of the credit support to be provided thereby);


 


(b)
within 15 Business Days (or such longer period as may be agreed by the Administrative Agent in its reasonable discretion or as
provided for in any Collateral Document) after such formation or acquisition, cause the applicable Restricted Holding Company
Subsidiary and relevant Borrower to comply with all obligations under the Collateral Documents to which such Restricted Holding
Company Subsidiary or Borrower are party (which, for the avoidance of doubt, shall not include any opinions of local counsel),
including with respect to physical delivery of the shares representing any pledged Capital Stock; and


 


(c)
within 10 Business Days (or such longer period as may be agreed by the Administrative Agent in its reasonable discretion) after
such formation or acquisition, deliver an amended Exhibit K to reflect the new Restricted Holding Company Subsidiary and
any other Restricted Subsidiaries that are Subsidiaries thereof.


 


5.10         
Non-Wholly Owned Subsidiaries; Other Restricted Subsidiaries. Each Borrower and each Restricted Holding Company Subsidiary,
as applicable, hereby make, on behalf of their Restricted Subsidiaries that are neither Restricted Holding Company Subsidiaries
nor Restricted Operating Company Subsidiaries, as applicable, all representations and warranties in Section 4 made by (or
on behalf of) the Restricted Holding Company Subsidiaries. The


 






    
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Borrowers
and each Restricted Holding Company Subsidiary, as applicable, shall cause their respective Restricted Subsidiaries that are
(i) direct or indirect Non-Wholly Owned Subsidiaries or (ii) Wholly-Owned Subsidiaries that are neither Restricted Holding
Company Subsidiaries nor Restricted Operating Company Subsidiaries, in each case to comply with all terms and conditions of
this Agreement applicable to Restricted Operating Company Subsidiaries, other than any terms and conditions set forth in Section
7; provided that nothing in this Agreement shall cause any Restricted Subsidiary to be in violation of the
provisions of any tax equity documents, charter documents, bylaws, operating agreement, joint venture agreements, partnership
agreements or similar documents.


 


5.11         
Maintenance of Liens; Further Assurances. Each Credit Party shall take all action reasonably required to maintain and
preserve the Liens created by the Credit Documents to which it is a party and to maintain and preserve the priority of such Liens.
At any time or from time to time at the request of Administrative Agent, each Credit Party will, at its expense, promptly execute,
acknowledge and deliver such further documents and do such other acts, as Administrative Agent or Collateral Agent may reasonably
request in order to effect fully the purposes of the Credit Documents that do not involve material expansion of any Credit Party’s
obligations or duties under the Credit Documents from those originally mutually intended or contemplated. In furtherance and not
in limitation of the foregoing, (i) each Credit Party shall take such actions as Administrative Agent or Collateral Agent may
reasonably request from time to time to ensure that the Obligations are guaranteed by the Guarantors and are secured by the Collateral
(subject to limitations contained in the Credit Documents); and (ii) in respect of any amalgamation of a Credit Party pursuant
to any Governmental Rule of Canada, the resulting entity shall deliver to the Administrative Agent and the Collateral Agent such
confirmations, evidence of registrations and opinions as may be reasonably requested by the Administrative Agent and Collateral
Agent.


 


5.12         
Separateness. Without limiting the ability of the Credit Parties to undertake any transaction permitted pursuant to
the terms of this Agreement, the Credit Parties shall comply at all times with, and shall cause the Restricted Operating Company
Subsidiaries to comply at all times with, the separateness provisions set forth on Schedule 5.12.


 


		5.13	[Reserved.]



 


		Section 6.	                                         NEGATIVE COVENANTS



 


The
Credit Parties covenant and agree that, until the Termination Date, unless a consent or waiver is obtained in accordance with
Section 10.5, each Credit Party shall perform, and where specified shall cause its Restricted Subsidiaries to perform,
all covenants in this Section 6.


 


6.1             
Indebtedness. No Credit Party shall, nor shall any Credit Party permit any of its Restricted Subsidiaries to, directly
or indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to,
any Indebtedness, except the following Indebtedness (“Permitted Indebtedness”):


 






    
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(a)               
the Obligations (including the Indebtedness incurred pursuant to Sections 2.22 and 2.24);


 


(b)              
Permitted Project Debt and any Permitted Refinancing thereof;


 


(c)               
to the extent constituting Indebtedness, contingent obligations under or in respect of performance bonds, bid bonds, appeal
bonds, surety bonds, financial assurances and completion guarantees, indemnification obligations, workers’ compensation
claims and self-insurance obligations, obligations to pay insurance premiums, take or pay obligations and similar obligations
in each case incurred by a Borrower or Restricted Subsidiary, in the ordinary course of business and not in connection with debt
for borrowed money;


 


(d)               intercompany
Indebtedness owed by (i) (x) US Borrower to US Pledgor (or its permitted successor that owns one hundred percent (100%) of
the Capital Stock of US Borrower) or (y) Canada Borrower to Canada Pledgor (or its permitted successor that owns one hundred
percent (100%) of the Capital Stock of Canada Borrower), (ii) any Restricted Holding Company Subsidiary to the Borrower that
is its parent company, (iii) any Restricted Operating Company Subsidiary to its respective Restricted Holding Company
Subsidiary (or, in any case, to the Borrower or Restricted Subsidiary that is its parent company), (iv) any Restricted
Subsidiary that is neither a Restricted Holding Company Subsidiary nor a Restricted Operating Company Subsidiary, to the
Borrower or Restricted Subsidiary that is its parent company, (v) (x) US Pledgor to Sponsor (or its permitted successor that
owns one hundred percent (100%) of the Capital Stock of US Pledgor) or (y) Canada Pledgor to Sponsor (or its permitted
successor that owns one hundred percent (100%) of the Capital Stock of Canada Pledgor), or (vi) (x) US Borrower to Canada
Borrower or (y) Canada Borrower to US Borrower; provided that, (1) in the case of such Indebtedness owed to a Borrower
or Guarantor, such Indebtedness shall be subject to an intercompany note and pledged as Collateral (subject to the applicable
exclusions set forth in the Collateral Documents) and (2) in the case of such Indebtedness held by a Restricted Subsidiary
that is not a Guarantor (with respect to Indebtedness owed by a Borrower or Guarantor), shall be subordinated pursuant to the
Subordination Agreement or another subordination agreement reasonably acceptable to the Administrative Agent;


 


(e)               
other unsecured Indebtedness of the Borrowers (including guarantees of any Permitted Project Debt and Permitted Refinancing
thereof); provided that (i) no Default or Event of Default shall exist before or after giving effect to the incurrence
of such Indebtedness and (ii) the Borrowers shall be in pro forma compliance with the covenants set forth in Section 6.6,
such compliance to be determined on the basis of the financial information most recently delivered to the Administrative Agent
and the Lenders pursuant to Section 5.1(a) or 5.1(b) (or, if no financial information shall have been delivered pursuant
to Section 5.1(a) or 5.1(b), the equivalent financial information most recently delivered pursuant to the Existing Credit
Agreement), as though such Indebtedness had been incurred as of the first day of the most recently completed Measurement Period
and remained outstanding;


 


(f)               
senior secured first lien or junior lien debt securities, senior unsecured debt securities or subordinated debt securities,
in each case issued by a Borrower in a public offering, Rule 144A or other private placement or bridge financing, secured “mezzanine”
debt or any other secured or unsecured debt (including secured or unsecured loans) (and including


 






    
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guarantees
of any Permitted Project Debt and Permitted Refinancing thereof) in an amount not to exceed the Available Incremental Amount minus
the principal amount of any Incremental Facilities incurred on or prior to the date of the incurrence of any such Indebtedness
pursuant to this clause (f) (such debt, “Incremental Equivalent Debt”); provided that, (i) at
the applicable time set forth in Section 1.7, no Event of Default shall exist before or after giving effect to the incurrence
of such Incremental Equivalent Debt; (ii) at the applicable time set forth in Section 1.7, the representations and warranties
contained in Section 4 and the other Credit Documents are true and correct in all material respects (except to the extent
any such representation and warranty itself is qualified by “materiality”, “Material Adverse Effect” or
any similar qualifier, in which case, it shall be true and correct in all respects) on and as of the date of incurrence of such
Incremental Equivalent Debt, except to the extent that such representations and warranties specifically refer to an earlier date,
in which case they are so true and correct as of such earlier date; provided that to the extent such Incremental Equivalent
Debt will be used concurrently with the initial provision of such Incremental Equivalent Debt to finance any Investment permitted
pursuant to Section 6.5(i), then such representations and warranties shall be limited to customary “SunGard”
representations and warranties (including those with respect to the target contained in the acquisition or merger agreement to
the extent failure of such representations and warranties to be true and correct permits the Borrowers or relevant Affiliates
thereof not to consummate the transactions contemplated thereby); (iii) such Incremental Equivalent Debt shall not be guaranteed
by any Person that is not a Guarantor or the Sponsor; (iv) subject to the limitations in clauses (v) and (vi) below, the terms
and provisions of such Incremental Equivalent Debt shall not be more restrictive, taken as a whole, to the Borrower and the other
Credit Parties than those applicable to any Revolving Facility at the time of incurrence of such Incremental Equivalent Debt,
unless such other terms (1) apply only after the Latest Maturity Date of each Revolving Facility at the time of incurrence of
such Incremental Equivalent Debt, (2) shall also apply to the existing Revolving Facilities (which such application shall not
require the consent of the Lenders or the Administrative Agent if so reasonably determined by the Borrower) or (3) relate only
to mandatory prepayments customary for such type of debt securities, premiums (including make-whole provisions), interest, fees
or (subject to the foregoing) maturity or amortization; (v) the Weighted Average Life to Maturity of such Incremental Equivalent
Debt that is not revolving debt shall be no shorter than 75% of the remaining time to stated maturity of the Revolving Loans (as
in effect on the date of such incurrence); (vi) the stated maturity of such Incremental Equivalent Debt that is revolving debt,
shall be no shorter than the Latest Maturity Date at the time of incurrence of such Incremental Equivalent Debt; (vii) if such
Incremental Equivalent Debt is in the form of secured debt, a representative acting on behalf of the holders of such Incremental
Equivalent Debt shall have executed and delivered an intercreditor agreement in form and substance reasonably acceptable to Administrative
Agent (acting at the direction of the Required Lenders, except with respect to any forms of intercreditor agreement previously
agreed between the Borrower and the Administrative Agent); and (viii) at the applicable time set forth in Section 1.7, Borrowers
are in compliance with the financial covenants set forth in Section 6.6 (treating any Incremental Equivalent Debt as fully
issued or drawn, as applicable, for this purpose);


 


(g)              
Indebtedness in respect of any Hedge Agreements not prohibited by the terms of this Agreement;


 






    
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(h)              
Guarantees by any Borrower or Restricted Subsidiary of any Indebtedness otherwise permitted hereunder of any Credit Party
(as applicable), and guarantees by any Restricted Operating Company Subsidiary in respect of Indebtedness permitted hereunder
of any other Restricted Operating Company Subsidiary;


 


(i)                
Indebtedness that may be deemed to have arisen as a result of agreements of any Borrower or Restricted Subsidiary providing
for indemnification, adjustment of purchase price or any similar obligations, in each case, incurred in connection with the disposition
of any business, assets or equity interests of any Subsidiary permitted hereunder, but only to the extent the aggregate maximum
liability associated with such provisions do not exceed the gross proceeds (including non-cash proceeds) of such disposition;


 


(j)                
Indebtedness of any Borrower or Restricted Subsidiary consisting of obligations under deferred compensation, deferred purchase
price, earn-outs or similar arrangements incurred in connection with any acquisition permitted under Section 6.5(i);


 


(k)              
any other Indebtedness in an amount not to exceed $100,000,000 in the aggregate for the Borrowers and all Restricted Subsidiaries;
and


 


(l)                
Indebtedness of any Person that becomes a Restricted Subsidiary or Indebtedness assumed in connection with an acquisition
or other Investment permitted hereunder after the Closing Date; provided that (i) such Indebtedness (1) existed at
the time such Person became a Restricted Subsidiary or the assets subject to such Indebtedness were acquired and (2) was not created
or incurred in anticipation thereof and (ii) the Borrowers remain in pro forma compliance with the financial covenants contained
in Section 6.6.


 


For the
avoidance of doubt, nothing in this Section 6.1 shall be construed to limit the ability of any Affiliate of any Borrower
that is not a Restricted Subsidiary from directly or indirectly, creating, incurring, assuming or guaranteeing, or otherwise becoming
or remaining directly or indirectly liable with respect to any Indebtedness. For purposes of determining compliance with, and
the outstanding principal amount of, any particular Indebtedness incurred pursuant to and in compliance with this Section 6.1,
in the event that an item of Indebtedness meets the criteria of one or more than one of the categories of Permitted Indebtedness
described in clauses (a) through (k) of this Section 6.1, the Borrowers may, in their sole discretion, divide and classify
(or at any time reclassify) such item (or items) of Indebtedness in any manner that complies with this Section 6.1.


 


6.2             
Liens. No Credit Party shall, nor shall any Credit Party
permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or
with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable)
of any such Person, whether now owned or hereafter acquired, or any income or profits therefrom, except for the following Liens
(the “Permitted Liens”):


 


(a)               
Liens in favor of Collateral Agent for the benefit of Secured Parties granted pursuant to any Credit Document;


 






    
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(b)              
Liens for Taxes not yet delinquent or other Taxes if obligations with respect to such other Taxes are being contested in
good faith by appropriate proceedings promptly instituted and diligently conducted and adequate reserves for such other Taxes
have been established and are being maintained by the applicable Person in accordance with GAAP;


 


(c)               
Liens arising by virtue of any Governmental Rules or market custom relating to banker’s liens, rights of set-off
(in respect of deposits maintained by a financial institution or otherwise) or similar rights;


 


(d)              
Liens securing judgments for the payment of money not constituting a Default under Section 8.1(h) or securing appeal
or other surety bonds related to such judgments;


 


(e)               
Liens or pledges of deposits of Cash or Cash Equivalents securing deductibles, self-insurance, co-payment, co-insurance,
retentions or similar obligations to providers or liability insurance in the ordinary course of business;


 


(f)               
Permitted Project Liens;


 


(g)              
Liens securing Indebtedness related to a Permitted Refinancing, provided that in each case the Liens securing any
such Permitted Refinancing shall attach only to the assets that were subject to Liens securing the Indebtedness so refinanced;


 


(h)              
Liens securing Incremental Equivalent Debt incurred in accordance with Section 6.1(f);


 


(i)                
solely with respect to Restricted Operating Company Subsidiaries, the carriers’, warehousemen’s, mechanics’,
materialman’s, repairmen’s or other like Liens arising in the ordinary course of business, which are not overdue for
a period of more than 45 days or which are being contested in good faith and by appropriate proceedings diligently conducted,
if adequate reserves with respect thereto are maintained on the books of the applicable Person;


 


(j)                
pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance
and other social security legislation; provided that any Lien imposed by ERISA shall not be a Permitted Lien;


 


(k)              
solely with respect to Restricted Operating Company Subsidiaries, deposits to secure the performance of bids, trade contracts,
contractual obligations and leases (in each case, other than Indebtedness), statutory obligations, surety and appeal bonds, performance
bonds and other obligations of a like nature incurred in the ordinary course of business;


 


(l)                
solely with respect to Restricted Operating Company Subsidiaries, easements, rights-of-way, restrictions (including zoning
restrictions), encroachments, reservations, protrusions and other similar encumbrances and title defects affecting real property
which, in the aggregate are not substantial in amount, and which do not in any case materially detract from the value of the property
subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person;


 






    
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(m)            
Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.1(h);


 


(n)              
Liens on assets or securities deemed to arise in connection with the execution, delivery or performance of contracts to
sell such assets or stock otherwise permitted under this Agreement;


 


(o)              
Liens resulting from restrictions on any Capital Stock or undivided interests, as the case may be, of a Person providing
for a breach, termination or default under any joint venture, stockholder, membership, limited liability company, partnership,
owners’, participation, voting rights or other similar agreement between such Person and one or more other holders of Capital
Stock or undivided interests of such Person, as the case may be, if a Lien is created on such Capital Stock or undivided interest,
as the case may be, as a result thereof;


 


(p)              
other Liens securing Indebtedness outstanding in an aggregate principal amount not to exceed $100,000,000 in the aggregate
for the Borrowers and all Restricted Subsidiaries;


 


(q)              
Liens existing on any property or asset prior to the acquisition thereof by any Borrower or Restricted Subsidiary or existing
prior to the time such Person becomes a Restricted Subsidiary (or merges with any Borrower in a transaction permitted pursuant
to this Agreement) on any property or asset of any Person that becomes a Restricted Subsidiary (or merges with any Borrower in
a transaction permitted pursuant to this Agreement) after the date hereof, provided that (A) such Lien is not created
in contemplation of or in connection with such acquisition or such Person becoming a Restricted Subsidiary (or merging with a
Borrower), as the case may be, (B) such Lien shall not apply to any other property or asset of any Borrower or Restricted
Subsidiary and (C) such Lien shall secure only those obligations that it secures on the date of such acquisition or the date
such Person becomes a Restricted Subsidiary (or mergers with a Borrower), as the case may be, and extensions, renewals and replacements
thereof so long as the principal amount secured does not exceed the principal amount of the obligations being extended, renewed
or replaced (plus any accrued but unpaid interest and premium thereon and fees, costs and expenses associated with such extensions,
renewals and replacements);


 


(r)                
Liens on Cash or Cash Equivalents at any time pledged to secure Hedge Agreements permitted under Section 6.12, and,
solely with respect to Restricted Subsidiaries that are not Credit Parties, Liens on the property and assets of such Restricted
Subsidiaries (including Cash and Cash Equivalents) at any time pledged to secure Hedge Agreements not otherwise prohibited hereunder;


 


(s)               
leases, subleases, licenses, sublicenses, or occupancy agreements in the ordinary course of business;


 


(t)                
solely with respect to Restricted Operating Company Subsidiaries, purchase money liens or purchase money security interests
upon or in any property acquired by a Credit Party or Restricted Company Operating Subsidiary in the ordinary course of business
to secure the purchase price or construction cost of such property or to secure Indebtedness incurred


 






    
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solely
for the purpose of financing the acquisition of such property or construction of improvements on such property;


 


(u)              
Liens on Capital Stock of Joint Ventures securing capital contributions to, or obligations of, such Persons and customary
rights of first refusal and tag, drag and similar rights in joint venture agreements and agreements with respect to Non-Wholly-Owned
Subsidiaries; and


 


(v)              
Liens resulting from restrictions on any Capital Stock or undivided interests, as the case may be, of a Person providing
for a breach, termination or default under any joint venture, stockholder, membership, limited liability company, partnership,
owners’, participation or other similar agreement between such Person and one or more other holders of Capital Stock or
undivided interests of such Person, as the case may be, if a security interest or Lien is created on such Equity Interest or undivided
interest, as the case may be, as a result thereof.


 


6.3             
Burdensome Agreements. No Credit Party will enter into or permit to exist any contractual obligation (other than this
Agreement or any other Credit Document, or contained in the documents governing unsecured Indebtedness permitted pursuant to Section
6.1(e) and Incremental Equivalent Debt incurred in accordance with Section 6.1(f)) that limits the ability (a) of any
Credit Party to make Restricted Payments to either Borrower, except for any agreement in effect on the date hereof and set forth
on Schedule 6.3, or with respect to any Restricted Holding Company Subsidiary formed or acquired by a Borrower after the
date hereof, existing on such date of formation or acquisition (and not entered into for primarily for the purpose of avoiding
the provisions of this Section 6.3) or (b) of any Credit Party to create, incur, assume or suffer to exist Liens on property
of such Person to secure the Obligations; provided, however, that this Section 6.3 shall not apply to (i)
any Transaction Documents, the documents and contracts governing any Permitted Project Debt or Permitted Project Acquisitions,
or any restrictions on the pledge or transfer of any Capital Stock of any Permitted Minority Investment Company or Restricted
Operating Company Subsidiary (or any other Restricted Subsidiary that is neither a Restricted Operating Company Subsidiary nor
a Restricted Holding Company Subsidiary) or any intercompany debt with respect thereto and (ii) provisions limiting the disposition
or distribution of assets or property in joint venture, partnership, membership, stockholder and limited liability company agreements,
asset sale agreements, sale-leaseback agreements, stock sale agreements and other similar agreements, including owners’,
participation or similar agreements governing projects owned through an undivided interest, which limitation is applicable only
to the assets that are the subject of such agreements.


 


6.4             
Restricted Payments. Neither Borrowers nor any Restricted Holding Company Subsidiary shall, directly or indirectly,
declare or make any Restricted Payment except as follows:


 


(a)               
Each Restricted Holding Company Subsidiary may make Restricted Payments to each Borrower, or to any other Person that owns
any Capital Stock in such Restricted Holding Company Subsidiary, ratably according to their respective holdings of the type of
Capital Stock in respect of which such Restricted Payment is being made;


 






    
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(b)              
During any period in which a Default or Event of Default shall have occurred and be continuing, Borrowers may make Restricted
Payments not to exceed the sum of (i) ten million Dollars ($10,000,000) and (ii) solely for the purpose of paying Sponsor G&A
Expenses, the Sponsor G&A Amount, in the aggregate for all Restricted Payments made pursuant to this Section 6.4(b);


 


(c)               
So long as (i) no Event of Default shall have occurred and be continuing or would be caused by such Restricted Payment
and (ii) Borrowers shall have complied, before and after giving effect to such declaration or payment of such Restricted Payment,
with the Leverage Ratio and Interest Coverage Ratio requirements described in Section 6.6, Credit Parties may declare any
Restricted Payment and consummate such Restricted Payment within ten (10) days after such date of declaration;


 


(d)              
Each Borrower and Restricted Holding Company Subsidiary may declare and make dividend payments or other distributions payable
solely in the common stock or other common Capital Stock of such Person that is not Disqualified Stock;


 


(e)               
Each Borrower and Restricted Holding Company Subsidiary may issue common Capital Stock to any Credit Party, in each case
that is its direct parent;


 


(f)               
Each Borrower and Restricted Holding Company Subsidiary may purchase, redeem or otherwise acquire its common Capital Stock
with the proceeds received from the substantially concurrent issue of new common Capital Stock; and


 


(g)              
Each Borrower and Restricted Holding Company Subsidiary may make Restricted Payments that are part of and consideration
for the consummation of any transaction permitted by Section 6.5(i).


 


6.5             
Investments. No Credit Party shall, nor shall it permit any of its Restricted Subsidiaries to, directly or indirectly,
make or own any Investment in any Person except:


 


(a)               
Investments in Permitted Investments and, with respect to Restricted Operating Company Subsidiaries, Investments permitted
under the relevant Project Financing Documents;


 


(b)              
equity Investments in effect as of the Closing Date, or with respect to any Restricted Subsidiary formed or acquired after
the Closing Date, any equity Investment in effect immediately following such formation or acquisition, in (A) any Restricted Subsidiary
(solely for the purpose of making an Investment pursuant to clause (B) of this Section 6.5(b) in such Restricted Subsidiary’s
applicable Restricted Operating Company Subsidiary) or (B) any Restricted Operating Company Subsidiary (and any modification,
renewal, reinvestment, increase or extension thereof); provided that the amount of the original Investment is not increased
except pursuant to the terms of such original Investment);


 


(c)               
additional Investments made after the Closing Date in (A) any Restricted Subsidiary (solely for the purpose of making an
Investment pursuant to clause (B) of this Section 6.5(c) in such Restricted Subsidiary’s applicable Restricted Operating
Company Subsidiary) or (B) any Restricted Operating Company Subsidiary (including if such Investment is in the form of


 






    
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Permitted
Subordinated Indebtedness); provided that, on the date of such Investment (i) Borrowers shall be in compliance with the
Leverage Ratio and Interest Coverage Ratio requirements set out in Section 6.6; and (ii) no Project-Level Default by the
Restricted Operating Company Subsidiary in which such additional Investment is made or to be made shall have occurred and be continuing
or would be caused by such Investment; and (iii) no Default or Event of Default shall have occurred and be continuing or would
be caused by such Investment; provided, further, that, notwithstanding the foregoing, if on the date of such Investment,
a Project-Level Default by the Restricted Operating Company Subsidiary in which such Investment is made shall have occurred and
be continuing, or would be caused by such Investment, such Investment shall nonetheless be permitted to the extent such Investment
(x) could be made as a Restricted Payment hereunder (such Investment deemed a Restricted Payment for purposes of this paragraph),
(y) shall be funded using the proceeds of an equity investment in a Borrower or other Credit Party or Restricted Subsidiary not
existing on the date hereof, or (z) is required by any guaranty or other contractual arrangement entered into prior to the existence
of such Project-Level Default and at the time so entered into such Investment would have been permitted hereunder;


 


(d)              
demand or deposit accounts with banks or other financial institutions;


 


(e)               
Investments made after the Closing Date using proceeds of Permitted Subordinated Indebtedness owed to, or proceeds of equity
contributions from, the Sponsor, the Pledgors or any of their respective Affiliates that are not Credit Parties or Restricted
Subsidiaries thereof;


 


(f)               
Investments made using proceeds of Cash permitted to be distributed in accordance with Section 6.4;


 


(g)              
solely with respect to Restricted Operating Company Subsidiaries, Investments consisting of extensions of credit in the
nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors;


 


(h)              
to the extent constituting Investments, guarantees permitted by Section 6.1;


 


(i)                
the purchase or other acquisition of all or any portion of the Capital Stock in or substantially all of the property of,
any Person that, upon the consummation thereof, will be owned directly by a Borrower or one or more Restricted Subsidiaries that
are not Restricted Operating Company Subsidiaries (including as a result of a merger or consolidation with a Restricted Subsidiary);
provided that, with respect to each purchase or other acquisition made pursuant to this Section 6.5(i):


 


(i)                
the Credit Parties shall comply with the requirements of Sections 5.09 and 5.11, to the extent applicable;


 


(ii)              
the lines of business of the Person to be (or the property of which is to be) so purchased or otherwise acquired shall
consist of Energy Projects (or related property); and


 






    
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(iii)            
immediately before and immediately after giving pro forma effect to any such purchase or other acquisition, no Default
or Event of Default shall have occurred and be continuing, and, with respect to any acquisition for an amount over $75,000,000,
the US Borrower shall deliver to the Administrative Agent a certificate of its chief executive officer, chief financial officer,
treasurer or controller (or similar officer or representative) demonstrating compliance with Section 6.6 on a pro forma
basis, such compliance to be determined on the basis of the financial information most recently delivered to the Administrative
Agent and the Lenders pursuant to Section 5.1(a) or (b) (or the equivalent provisions of the Existing Credit
Agreement if no financial information shall have yet been delivered pursuant to Section 5.1(a) or (b)) as though such purchase
or other acquisition had been consummated as of the first day of the fiscal period covered thereby (any such purchase or acquisition
meeting the foregoing criteria set forth in (i), (ii) and (iii) above, a “Permitted Project Acquisitions”);
and


 


(j)                
to the extent (if any) constituting an Investment, Hedge Agreements not prohibited by the terms of this Agreement.


 


		6.6	Financial Covenants



 


(a)               
Leverage Ratio. As of June 30, 2017 and as of the last day of each Fiscal Quarter thereafter, Borrowers shall not
have a Leverage Ratio that exceeds (i)  5.50:1.00.


 


(b)              
Interest Coverage Ratio. As of June 30, 2017 and as of the last day of each Fiscal Quarter thereafter, Borrowers
shall not have an Interest Coverage Ratio that is less than 1.75:1.00.


 


(c)               
Certain Calculations. With respect to any period during which any repayment of Indebtedness, a Credit Extension,
a Restricted Payment or an Investment pursuant to Section 6.5(c) or Section 6.5(i) is made, or during which Borrower
has otherwise acquired or disposed of any Capital Stock in a Restricted Operating Company Subsidiary, a Borrower or any of its
Restricted Subsidiaries has acquired or disposed of, or there is an Abandonment with respect to, any property with a value in
excess of fifty million Dollars ($50,000,000) (each, a “Subject Transaction”), for purposes of determining
compliance with the financial covenants set forth in this Section 6.6, Borrower Cash Flow shall be calculated with respect
to such period on a pro forma basis (including pro forma adjustments arising out of events which are directly attributable to
a specific transaction, are factually supportable and are expected to have a continuing impact, in each case determined on a basis
consistent with Article 11 of Regulation S-X promulgated under the Securities Act and as interpreted by the staff of the SEC,
which pro forma adjustments shall be certified by the chief financial officer of Borrowers (or officer or representative with
similar responsibilities)) using the historical financial statements of any business so acquired or to be acquired or sold or
to be sold (or deemed historical cash flows for any such business acquired or sold prior to or during its Ramp-up Phase, which
cash flows shall be annualized in accordance with the last two sentences of this Section 6.6(c)) and the consolidated financial
statements of Borrowers and the Restricted Subsidiaries which shall be reformulated as if such Subject Transaction, and any Indebtedness
incurred or repaid in connection therewith, had been consummated or incurred or repaid at the beginning of such period (and assuming
that such Indebtedness bears interest during any portion of the applicable


 






    
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measurement
period prior to such Subject Transaction at the weighted average of the interest rates applicable to outstanding Loans incurred
during such period). Notwithstanding the foregoing, if a Borrower or any of its Restricted Subsidiaries has acquired, disposed
of, or effected an Abandonment with respect to, any property with a value that does not exceed fifty million Dollars ($50,000,000),
Borrowers shall be permitted (but shall not be required) to give such pro forma effect to such acquisition, disposition or Abandonment.
For purposes of determining Available Cash solely for the calculation of the ratios set forth in this Section 6.6, distributions
of Available Cash (other than Qualifying Cash) in respect of such Project or business made during the Ramp-up Phase of such Project
or business shall be annualized by the amount of any such distributions multiplied by a fraction, the numerator of which is twelve
(12) and the denominator of which is the number of months from and including the beginning of such Ramp-up Phase. Such annualization
of such distributions shall be net of any previous annualization made during such Ramp-up Phase (e.g., and for indicative purposes
only (x) in the case of a distribution of $100 in respect of the first month of the Ramp-up Phase, annualized Available Cash shall
be $1,200; (y) in the case of distributions of $100 in respect of the first month and $90 in respect of the second month of the
Ramp-up Phase, annualized Available Cash shall be $1140; and (z) in the case of a distribution of $300 in the aggregate in respect
of the first three months of the Ramp-up Phase, annualized Available Cash shall be $1,200).


 


6.7             
Disposition of Assets. No Credit Party shall, nor shall any Credit Party permit any of its Restricted Subsidiaries
to, Transfer all or any part of its business, assets or property of any kind whatsoever (including Capital Stock), whether real,
personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired, except:


 


(a)               
Transfers of obsolete, damaged, surplus or worn out property, whether now owned or hereafter acquired, in the ordinary
course of business;


 


(b)              
the liquidation, sale or use of Permitted Investments;


 


(c)               
subject to Section 6.8 (if applicable) and Section 6.7(d), any Transfer of physical assets or properties
by any Restricted Operating Company Subsidiary, to the extent permitted under the Project Financing Documents;


 


(d)              
Transfers by any Borrower or Restricted Subsidiary not otherwise permitted by this Section 6.7; provided
that, (i) no Default or Event of Default has occurred and is continuing at the time of and immediately after giving effect to
such Transfer; (ii) with respect to any Transaction resulting in Net Asset Sale Proceeds in excess of $50,000,000 the US Borrower
shall deliver to the Administrative Agent a certificate of its chief executive officer, chief financial officer, treasurer or
controller (or similar officer or representative) demonstrating compliance with Section 6.6 on a pro forma basis, such
compliance to be determined on the basis of the financial information most recently delivered to the Administrative Agent and
the Lenders pursuant to Section 5.1(a) or (b) (or the equivalent provisions of the Existing Credit Agreement
if no financial information shall have yet been delivered pursuant to Section 5.1(a) or (b)) as though such Transfer had
been consummated as of the first day of the fiscal period covered thereby; and (iii) the Net Asset Sale Proceeds received by the
Credit Parties in excess of $50,000,000 in the aggregate in any Fiscal Year or $100,000,000 in the aggregate during the


 






    
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term
of this Agreement shall, in each case, be applied in accordance with Section 2.12(a) (including giving effect to all exceptions
and allowances thereunder);


 


(e)               
Transfers of equipment or real property to the extent that such property is exchanged for credit against the purchase price
of similar replacement property;


 


(f)               
Transfers of property, or issuances of its Capital Stock, by any Restricted Subsidiary to a Borrower or to another Restricted
Subsidiary that is wholly-owned, directly or indirectly, by a Borrower; and


 


(g)              
Transfers permitted by Sections 6.4 or 6.11.


 


6.8             
Transactions with Affiliates. No Credit Party shall, nor shall it permit any of its Restricted Subsidiaries to (except
as required or permitted under any Project Financing Document), directly or indirectly, enter into or permit to exist any transaction
(including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate, other than
those on fair and reasonable terms substantially as favorable to such Borrower or Restricted Subsidiary as would be obtainable
by such Borrower or Restricted Subsidiary at the time in a comparable arm’s length transaction with a Person other than
an Affiliate thereof; provided that the foregoing restriction shall not apply to (a) the provision or receipt of administrative,
cash management, legal and regulatory, engineering, accounting, marketing, insurance, operation and maintenance and other services
to and from Subsidiaries of the Sponsor and the allocation of such costs of services and of overhead and corporate group costs
among the Sponsor and its Subsidiaries (including insurance and any Sponsor G&A Expenses) consistent with GAAP and the Sponsor’s
accounting policies generally applied, (b) transactions contemplated by the agreements listed in Schedule 6.8, (c) Restricted
Payments made in accordance with the terms of this Agreement, (d) a transaction between one or more Credit Parties or Restricted
Subsidiaries, (e) any issuance of Capital Stock of any Borrower or Restricted Subsidiary and (f) any guarantee of Indebtedness
or other obligation of any Affiliate, to the extent that after giving effect to such guarantee, the Borrowers would immediately
thereafter be in compliance with Section 6.6 on a pro forma basis).


 


6.9             
Conduct of Business. From and after the Closing Date, no Credit Party shall, nor shall it permit any of its Restricted
Subsidiaries to, engage in any material line of business substantially different than (i) the businesses engaged in by such
parties on the Closing Date (or with respect to any Restricted Subsidiary formed or acquired by a Credit Party after the Closing
Date, on such date of formation or acquisition) and similar, related, incidental, ancillary or complimentary businesses (including
the establishment, construction, acquisition and operation of projects substantially equivalent to the Projects or energy storage
products and activities) and (ii) such other lines of business as may be consented to by Required Lenders.


 


6.10         
Amendments of Organizational Documents; Accounting Changes. No Credit Party shall (a) amend its Organizational Document,
other than amendments that do not, taken as a whole, materially, adversely affect the interest of the Administrative Agent or
the Lenders or (b) make any material change in accounting policies or reporting practices, except as required by GAAP (including
any early adoption of any change to GAAP).


 






    
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6.11         
Fundamental Changes. No Credit Party shall, nor shall any Credit Party allow any Restricted Subsidiary to, merge, amalgamate,
dissolve, liquidate, consolidate with or into another Person or Transfer (whether in one transaction or a series of transactions)
all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so
long as no Event of Default exists or would result therefrom:


 


(a)               
(i) any Restricted Subsidiary may merge or amalgamate with a Credit Party or Restricted Operating Company Subsidiary; provided
that such Credit Party or Restricted Operating Company Subsidiary shall be the continuing or surviving Person, and (ii) any
Restricted Subsidiary may merge or amalgamate with any Restricted Subsidiary not described in the foregoing clause (i);


 


(b)              
(i) any Credit Party that is not a Borrower may dispose of all or substantially all of its assets (including any Transfer
that is in the nature of a liquidation) to any other Credit Party, (ii) any Restricted Operating Company Subsidiary may dispose
of all or substantially all of its assets (including a Transfer that is in the nature of a liquidation) to any other Restricted
Operating Company Subsidiary or any Credit Party, and (iii) any Restricted Subsidiary that is neither a Credit Party nor a Restricted
Operating Company Subsidiary may dispose of all or substantially all of its assets (including a Transfer that is in the nature
of a liquidation) to any Borrower or any other Restricted Subsidiary;


 


(c)               
in connection with any acquisition permitted under Section 6.5, any Restricted Subsidiary may merge into, amalgamate
or consolidate with any other Person or permit any other Person to merge into, amalgamate or consolidate with it; provided
that, in the case of a Person that is a Wholly-Owned Subsidiary, the Person surviving such merger or amalgamation shall be
a Wholly-Owned Subsidiary of a Borrower;


 


(d)              
any Borrower or Restricted Subsidiary may consummate any transaction permitted pursuant to Section 6.7; and


 


(e)               
any Borrower or Restricted Subsidiary may, to the extent not already permitted by clause (c) above, consummate any
transaction permitted pursuant to any Permitted Investment.


 


6.12         
Hedge Agreements. No Credit Party shall enter into any Hedge Agreement, except for Hedge Agreements that are entered
into in the ordinary course of business and not for speculative purposes.


 


6.13         
Sanctions. No Credit Party shall, nor shall it permit any of its Restricted Subsidiaries to, permit any Revolving Loan
or the proceeds of any Revolving Loan, directly or indirectly, (a) to be knowingly lent, contributed or otherwise made available
to fund any activity or business in any Designated Jurisdiction or (b) to knowingly fund any activity or business of any Person
located, organized or residing in any Designated Jurisdiction or who is the subject of any Sanctions.


 


6.14         
No Employees. No Credit Party shall, nor shall it permit any of its Restricted Subsidiaries to, hire any employees
or enter into any contractual or other arrangements with any Person that would require any such Credit Party or Restricted Subsidiary
to be subject to or to


 






    
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comply
with any applicable Governmental Rules concerning labor, employment, wages or worker benefits, in each case (i) in the United
States or (ii) outside of the United States if, in the case of this clause (ii), such hiring or entering into any contractual
or other arrangements could reasonably be expected to result in a Material Adverse Effect. No Credit Party shall, nor shall it
permit any of its Restricted Subsidiaries to, maintain or contribute to, or have any obligation to maintain or contribute to (i)
any Employee Benefit Plan or (ii) any Canadian Pension Plan or Canadian Multiemployer Pension Plan if, in the case of this clause
(ii), such maintenance or contribution could reasonably be expected to result in a Material Adverse Effect.


 


		6.15	[Reserved.]



 


6.16         
Disqualified Stock. The Credit Parties shall not issue any Disqualified Stock, except to the extent that if constituting
“Indebtedness”, Section 6.1 would permit the issuance thereof.


 


6.17         
Project Financing Documents. No Borrower or Restricted Subsidiary shall consent to any amendment or other modification
to any Project Financing Document or Transaction Document, except to the extent such amendment or other modification would not
reasonably be expected to have a Material Adverse Effect.


 


6.18         
Subsidiaries. No Credit Party shall have any Subsidiaries, other than Restricted Subsidiaries. No Credit Party shall
permit any of its Restricted Operating Company Subsidiaries to have any Subsidiaries other than non-operating Subsidiaries established
primarily for the purpose of establishing or otherwise facilitating the structuring of Permitted Project Debt.


 


		Section 7.	GUARANTY



 


7.1             
Guaranty of the Obligations. Guarantors jointly and severally hereby irrevocably and unconditionally guaranty to Administrative
Agent for the ratable benefit of the Beneficiaries the due and punctual payment in full of all Obligations when the same shall
become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts
that would become due but for the operation of an automatic stay under Section 362(a) of the Bankruptcy Code or any other
Debtor Relief Laws) (collectively, the “Guaranteed Obligations”).


 


7.2             
Payment by Guarantors. Guarantors hereby jointly and severally agree, in furtherance of the foregoing and not in limitation
of any other right which any Beneficiary may have at law or in equity against any Guarantor by virtue hereof, that upon the failure
of Borrowers to pay any of the Guaranteed Obligations when and as the same shall become due, whether at stated maturity, by required
prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the
automatic stay under Section 362(a) of the Bankruptcy Code), Guarantors will upon demand pay, or cause to be paid, in Cash,
to Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum of the unpaid principal amount of
all Guaranteed Obligations then due as aforesaid, accrued and unpaid interest on such Guaranteed Obligations (including interest
which, but for Borrowers’ becoming the subject of a case under the Bankruptcy Code or any other Debtor Relief Laws, would
have accrued on such Guaranteed Obligations, whether or not a claim is


 






    
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allowed
against Borrowers for such interest in the related bankruptcy or insolvency case) and all other Guaranteed Obligations then owed
to Beneficiaries as aforesaid.


 


7.3             
Liability of Guarantors Absolute. Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent
and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor
or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality
thereof, each Guarantor agrees as follows:


 


(a)               
this Guaranty is a guaranty of payment when due and not of collectability. For the Guarantors organized in the United States,
this Guaranty is a primary obligation of each Guarantor and not merely a contract of surety;


 


(b)              
Administrative Agent may enforce this Guaranty upon the occurrence and during the continuance of an Event of Default notwithstanding
the existence of any dispute between Borrowers and any Beneficiary with respect to the existence of such Event of Default;


 


(c)               
the obligations of each Guarantor hereunder are independent of the obligations of Borrowers and the obligations of any
other guarantor (including any other Guarantor) of the obligations of Borrowers, and a separate action or actions may be brought
and prosecuted against such Guarantor whether or not any action is brought against Borrowers or any of such other guarantors and
whether or not Borrowers have joined in any such action or actions;


 


(d)              
payment by any Guarantor of a portion, but not all, of the Guaranteed Obligations shall in no way limit, affect, modify
or abridge any Guarantor’s liability for any portion of the Guaranteed Obligations which has not been paid. Without limiting
the generality of the foregoing, if Administrative Agent is awarded a judgment in any suit brought to enforce any Guarantor’s
covenant to pay a portion of the Guaranteed Obligations, such judgment shall not be deemed to release such Guarantor from its
covenant to pay the portion of the Guaranteed Obligations that is not the subject of such suit, and such judgment shall not, except
to the extent satisfied by such Guarantor, limit, affect, modify or abridge any other Guarantor’s liability hereunder in
respect of the Guaranteed Obligations;


 


(e)               
any Beneficiary, upon such terms as it deems appropriate, without notice or demand and without affecting the validity or
enforceability hereof or giving rise to any reduction, limitation, impairment, discharge or termination of any Guarantor’s
liability hereunder, from time to time may (i) subject to the other provisions of this Agreement, renew, extend, accelerate,
increase the rate of interest on, or otherwise change the time, place, manner or terms of payment of the Guaranteed Obligations;
(ii) settle, compromise, release or discharge, or accept or refuse any offer of performance with respect to, or substitutions
for, the Guaranteed Obligations or any agreement relating thereto or subordinate the payment of the same to the payment of any
other obligations; (iii) request and accept other guaranties of the Guaranteed Obligations and take and hold security for
the payment hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind,
waive, alter, subordinate or modify, with or without consideration, any security for payment of the Guaranteed Obligations, any
other guaranties of the Guaranteed Obligations, or any other obligation of any Person (including any other Guarantor) with respect
to the Guaranteed


 






    
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Obligations;
(v) enforce and apply any security now or hereafter held by or for the benefit of such Beneficiary in respect hereof or the
Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or remedy that such Beneficiary
may have against any such security, in each case as such Beneficiary in its discretion may determine consistent herewith and any
applicable security agreement, including foreclosure on any such security pursuant to one or more judicial or nonjudicial sales,
whether or not every aspect of any such sale is commercially reasonable, and even though such action operates to impair or extinguish
any right of reimbursement or subrogation or other right or remedy of any Guarantor against Borrowers or any security for the
Guaranteed Obligations; and (vi) exercise any other rights available to it under the Credit Documents; and


 


(f)               
this Guaranty and the obligations of Guarantors hereunder shall be valid and enforceable and shall not be subject to any
reduction, limitation, impairment, discharge or termination for any reason (other than payment in full of the Guaranteed Obligations),
including the occurrence of any of the following, whether or not any Guarantor shall have had notice or knowledge of any of them:
(i) any failure or omission to assert or enforce or agreement or election not to assert or enforce, or the stay or enjoining,
by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or any right, power
or remedy (whether arising under the Credit Documents, at law, in equity or otherwise) with respect to the Guaranteed Obligations
or any agreement relating thereto, or with respect to any other guaranty of or security for the payment of the Guaranteed Obligations;
(ii) any rescission, waiver, amendment or modification of, or any consent to departure from, any of the terms or provisions
(including provisions relating to events of default) hereof, any of the other Credit Documents, or any agreement or instrument
executed pursuant thereto, or of any other guaranty or security for the Guaranteed Obligations, in each case whether or not in
accordance with the terms hereof or such Credit Document or any agreement relating to such other guaranty or security; (iii) the
Guaranteed Obligations, or any agreement relating thereto, at any time being found to be illegal, invalid or unenforceable in
any respect; (iv) the application of payments received from any source (other than payments received pursuant to the Credit
Documents or from the proceeds of any security for the Guaranteed Obligations, except to the extent such security also serves
as collateral for Indebtedness other than the Guaranteed Obligations) to the payment of Indebtedness other than the Guaranteed
Obligations, even though any Beneficiary might have elected to apply such payment to any part or all of the Guaranteed Obligations;
(v) any Beneficiary’s consent to the change, reorganization or termination of the corporate structure or existence
of a Borrower or any of its Restricted Subsidiaries and to any corresponding restructuring of the Guaranteed Obligations; (vi) any
failure to perfect or continue perfection of a security interest in any collateral which secures any of the Guaranteed Obligations;
(vii) any defenses, set-offs or counterclaims which Borrowers may allege or assert against any Beneficiary in respect of
the Guaranteed Obligations, including failure of consideration, breach of warranty, payment, statute of frauds, statute of limitations,
accord and satisfaction and usury; (viii) any law, regulation, decree or order of any jurisdiction, or any other court, affecting
any form of any Guaranteed Obligation or any Beneficiary’s rights with respect thereto; and (ix) any other act or thing
or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of any Guarantor
as an obligor in respect of the Guaranteed Obligations.


 


7.4             
Waivers by Guarantors. Each Guarantor hereby waives, for the benefit of Beneficiaries: (a) any right to require
any Beneficiary, as a condition of payment or performance


 






    
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by
such Guarantor, to (i) proceed against Borrowers, any other guarantor (including any other Guarantor) of the Guaranteed Obligations
or any other Person, (ii) proceed against or exhaust any security held from Borrowers, any such other guarantor or any other
Person, (iii) proceed against or have resort to any balance of any Deposit Account or credit on the books of any Beneficiary
in favor of Borrowers or any other Person, or (iv) pursue any other remedy in the power of any Beneficiary whatsoever; (b) any
defense arising by reason of the incapacity, lack of authority or any disability or other defense of Borrowers or any other Guarantor
including any defense based on or arising out of the lack of validity or the unenforceability of the Guaranteed Obligations or
any agreement or instrument relating thereto or by reason of the cessation of the liability of Borrowers or any other Guarantor
from any cause other than full and final payment of the Guaranteed Obligations; (c) any defense based upon any Governmental
Rule which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than
that of the principal; (d) any defense based upon any Beneficiary’s errors or omissions in the administration of the
Guaranteed Obligations, except behavior which amounts to bad faith; (e) (i) any Governmental Rules, which are or might be
in conflict with the terms hereof and any legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) to
the extent permitted by Governmental Rules, the benefit of any statute of limitations affecting such Guarantor’s liability
hereunder or the enforcement hereof, (iii) any rights to set-offs, recoupments and counterclaims, and (iv) promptness,
diligence and any requirement that any Beneficiary protect, secure, perfect or insure any security interest or lien or any property
subject thereto; (f) notices, demands, presentments, protests, notices of protest, notices of dishonor and notices of any
action or inaction, including acceptance hereof, notices of default hereunder or any agreement or instrument related thereto,
notices of any renewal, extension or modification of the Guaranteed Obligations or any agreement related thereto, notices of any
Credit Extension to Borrowers and notices of any of the matters referred to in Section 7.3 and any right to consent
to any thereof; and (g) any defenses or benefits that may be derived from or afforded by law which limit the liability of
or exonerate guarantors or sureties, or which may conflict with the terms hereof.


 


7.5             
Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Termination Date, each Guarantor hereby waives
any claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against Borrowers or any other
Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder,
in each case whether such claim, right or remedy arises in equity, under contract, by Governmental Rule or otherwise and including
(a) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have against
Borrowers with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right or
remedy that any Beneficiary now has or may hereafter have against Borrowers, and (c) any benefit of, and any right to participate
in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have
been indefeasibly paid in full and the Revolving Commitments shall have terminated and all Letters of Credit shall have expired
or been cancelled, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other
guarantor (including any other Guarantor) of the Guaranteed Obligations. Each Guarantor further agrees that, to the extent the
waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification and contribution as
set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation,
reimbursement or indemnification such


 






    
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Guarantor
may have against Borrowers or against any collateral or security, and any rights of contribution such Guarantor may have against
any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against Borrowers, to all right,
title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against
such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification
or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full,
such amount shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative
Agent for the benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured,
in accordance with the terms hereof.


 


7.6             
Subordination of Other Obligations. Any Indebtedness of Borrowers or any Guarantor now or hereafter held by any Guarantor
(the “Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and any
such Indebtedness collected or received by the Obligee Guarantor after receipt of notice of an Event of Default (which has occurred
and is continuing) by Administrative Agent shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall
forthwith, upon demand of the Administrative Agent, be paid over to Administrative Agent for the benefit of Beneficiaries to be
credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability
of the Obligee Guarantor under any other provision hereof.


 


7.7             
Continuing Guaranty. This Guaranty is a continuing guaranty and shall remain in effect until the Termination Date.
Each Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions pursuant to this Agreement
giving rise to any Guaranteed Obligations.


 


7.8             
Authority of Guarantors or Borrowers. It is not necessary for any Beneficiary to inquire into the capacity or powers
of any Guarantor or Borrowers or the Representatives acting or purporting to act on behalf of any of them.


 


7.9             
Financial Condition of Borrowers. Any Credit Extension may be made to Borrowers or continued from time to time, in
each case without notice to or authorization from any Guarantor regardless of the financial or other condition of Borrowers at
the time of any such grant or continuation. No Beneficiary shall have any obligation to disclose or discuss with any Guarantor
its assessment, or any Guarantor’s assessment, of the financial condition of Borrowers. Each Guarantor has adequate means
to obtain information from Borrowers on a continuing basis concerning the financial condition of Borrowers and its ability to
perform its obligations under the Credit Documents and each Guarantor assumes the responsibility for being and keeping informed
of the financial condition of Borrowers and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations.
Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating
to the business, operations or conditions of Borrowers now known or hereafter known by any Beneficiary.


 






    
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		7.10	Bankruptcy, Etc.



 


(a)               
So long as any Guaranteed Obligations remain outstanding, no Guarantor shall, without the prior written consent of Administrative
Agent acting pursuant to the instructions of Required Lenders, commence or join with any other Person in commencing any involuntary
bankruptcy, reorganization or insolvency case or proceeding of or against Borrowers or any other Guarantor. The obligations of
Guarantors hereunder shall not be reduced, limited, impaired, discharged, deferred, suspended or terminated by any case or proceeding,
voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of Borrowers
or any other Guarantor or by any defense which Borrowers or any other Guarantor may have by reason of the order, decree or decision
of any court or administrative body resulting from any such proceeding.


 


(b)              
Each Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed Obligations which accrues after
the commencement of any case or proceeding referred to in clause (a) above against Borrowers (or, if interest on any portion
of the Guaranteed Obligations ceases to accrue by operation of law by reason of the commencement of such case or proceeding, such
interest as would have accrued on such portion of the Guaranteed Obligations if such case or proceeding had not been commenced)
shall be included in the Guaranteed Obligations because it is the intention of Guarantors and Beneficiaries that the Guaranteed
Obligations which are guaranteed by Guarantors pursuant hereto should be determined without regard to any rule of law or order
which may relieve Borrowers of any portion of such Guaranteed Obligations. Guarantors will permit any trustee in bankruptcy, receiver,
debtor in possession, assignee for the benefit of creditors or similar person to pay Administrative Agent, or allow the claim
of Administrative Agent in respect of, any such interest accruing after the date on which such case or proceeding is commenced.


 


(c)               
In the event that all or any portion of the Guaranteed Obligations are paid by Borrowers, the obligations of Guarantors
hereunder shall continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any
part of such payment(s) are rescinded or recovered directly or indirectly from any Beneficiary as a preference, fraudulent transfer
or otherwise, and any such payments which are so rescinded or recovered shall constitute Guaranteed Obligations for all purposes
hereunder.


 


		7.11	Guarantors, Defined; Discharge
of Guaranty



 


(a)               
“Guarantor” means each of (a) the US Borrower, as guarantor of the Obligations of Canada Borrower; (b)
the US Restricted Holding Company Subsidiaries as of the date hereof, jointly and severally, as guarantors of the Obligations
of US Borrower and Canada Borrower; (c) Canada Borrower, as guarantor of the Obligations of US Borrower but with recourse limited
solely to and secured by any Collateral owned by Canada Borrower (the “Limited Recourse Collateral”); and (d)
any Restricted Holding Company Subsidiary that executes a guaranty pursuant to, and subject to the limitations set forth in, Section
5.9; provided that, notwithstanding anything to the contrary in this Agreement or any other Credit Document, (i) the
Limited Recourse Collateral shall exclude thirty five percent (35%) of the ownership of the Capital Stock of each of the Canada
Restricted Holding Company Subsidiaries (ii) not more than 65% of the Capital Stock of any first-tier CFC or FSHCO shall constitute
Collateral and no


 






    
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Equity
Interests of a direct or indirect Subsidiary of a first-tier CFC or FSHCO shall constitute Collateral. For the avoidance of doubt,
notwithstanding anything to the contrary herein, no current or future Restricted Operating Company Subsidiary or Restricted Holding
Company Subsidiary that is a Subsidiary of Canada Borrower shall be a Guarantor.


 


(b)              
Whenever Canada Borrower is referred to as a Guarantor for purposes of this Agreement, such reference shall be to its status
as a Guarantor of the Obligations of US Borrower with recourse solely limited to the Limited Recourse Collateral. Notwithstanding
any other provision in this Agreement or any other Credit Document, the only remedies that the Administrative Agent shall have
against Canada Borrower in the event of non-payment by Canada Borrower of the Obligations of US Borrower shall be to enforce its
rights in respect of the Limited Recourse Collateral. No judgment in the nature of a deficiency judgment shall be enforced against
Canada Borrower, in its capacity as a Guarantor of the Obligations of the US Borrower, out of any of its property, assets or undertaking
other than the Limited Recourse Collateral. In the event of any conflict or inconsistency between this Section 7.11(b)
and any other provision in this Agreement or any other Credit Document, this Section 7.11(b) shall prevail to the extent
of such conflict or inconsistency.


 


(c)               
If all of the Capital Stock of any Guarantor or any of its successors in interest hereunder shall be sold or otherwise
disposed of (including by merger, amalgamation or consolidation) to a Person that is not a Borrower or a Subsidiary of a Borrower
in accordance with the terms and conditions hereof or if any Guarantor shall otherwise no longer be a Subsidiary of the applicable
Borrower, the Guaranty of such Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged
and released without any further action by any Beneficiary or any other Person effective as of the time of such sale or disposition.


 


		Section 8.	EVENTS OF DEFAULT



 


		8.1	Events of Default.
If any one or more of the following conditions or events shall occur:



 


(a)               
Failure to Make Payments When Due. Failure by Borrowers to pay (i) when due any installment of principal of
any Loan, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise;
(ii) except as otherwise provided in Section 2.3 with respect to the automatic conversion of Letter of Credit drawings
into Revolving Loans, when due any amount payable to an LC Issuing Bank in reimbursement of any drawing under a Letter of Credit;
(iii) any interest on any Loan within three (3) Business Days after the date such interest becomes due; (iv) any fee or any
other amount due hereunder within five (5) days after the date such fee or amount becomes due; or


 


(b)              
Cross Defaults, Cross Acceleration.


 


(i)                
Failure of any Credit Party to pay when due any principal of or interest on or any other amount payable in respect of Permitted
Indebtedness of such Credit Party then outstanding (other than Permitted Indebtedness referred to in Section 6.1(a)),
beyond the grace period, if any, provided therefor, and the aggregate


 






    
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outstanding
interest, principal and other amounts due and payable with respect to such Permitted Indebtedness equals or exceeds one hundred
million Dollars ($100,000,000); or


 


(ii)              
Failure of any Restricted Subsidiary (other than a Restricted Holding Company Subsidiary) to (A) pay when due any principal
of or interest on or any other amount payable in respect of Indebtedness of such Restricted Subsidiary then outstanding beyond
the grace period, if any provided therefor (a “Project Payment Default”) or (B) to observe or perform any other
agreement, term or condition relating to any Indebtedness of such Restricted Subsidiary, or contained in any instrument or agreement
evidencing or securing such Indebtedness, and the holder or holders of such Indebtedness shall have exercised their rights to
accelerate the maturity of such Indebtedness prior to its scheduled maturity or to cause such Indebtedness to become due, or to
require the prepayment, repurchase, redemption or defeasance thereof, prior to its stated maturity (a “Project Non-Payment
Acceleration”), and, in the case of either subclause (A) or subclause (B) of this Section 8.1(b)(ii), such Restricted
Subsidiary, together with any other Restricted Subsidiary (other than a Restricted Holding Company Subsidiary) that shall have
incurred a Project Payment Default that is continuing or the Indebtedness of which is subject to a Project Non-Payment Acceleration
or that is then the subject of an event described in Section 8.1(f) or (g), has made Restricted Payments, directly
or indirectly (but without duplication of any amounts), to a Borrower in an amount equal to or greater than thirty percent (30%)
of the Borrower Cash Flow. Such Borrower Cash Flow threshold is calculated using (i) the Restricted Payments of any such Restricted
Subsidiary that is the subject of a Project Payment Default or event described in Section 8.1(f) or (g) or the Indebtedness of
which is subject to a Project Non-Payment Acceleration during the Measurement Period most recently completed prior to the occurrence
of the applicable Project Payment Default, Project Non-Payment Acceleration or event described in Section 8.1(f) or (g), as applicable
and (ii) the Restricted Payments of any other such Restricted Subsidiary during the most recently completed Measurement Period;
or


 


(iii)            
Any other event or condition occurs with respect to any Credit Party that would permit the holder or holders of Permitted
Indebtedness (other than Permitted Indebtedness referred to in Section 6.1(a)) of such Credit Party in the aggregate outstanding
interest, principal and other amounts equal or exceeding one hundred million Dollars ($100,000,000) to accelerate the maturity
thereof prior to its scheduled maturity or that results in the holder or holders of such Permitted Indebtedness or any trustee
or agent on its or their behalf to cause such Permitted Indebtedness to become due, or to require the prepayment, repurchase,
redemption or defeasance thereof, prior to its stated maturity or the stated maturity of any underlying obligation, as the case
may be; provided that this clause (iii) shall not apply to secured Permitted Indebtedness that becomes due as a result
of the voluntary sale or transfer of the property or assets securing such Permitted Indebtedness if such sale or transfer is permitted
under the Credit Documents and under the documents providing for such Permitted Indebtedness.


 


(c)               
Breach of Certain Covenants. Failure of any Credit Party to perform or comply with any term or condition applicable
to such Credit Party contained in Section 2.5, Section 5.2 or Section 6 (except for Section 6.7(d)(ii));
or


 






    
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(d)              
Breach of Representations, etc. Any representation, warranty, certification or other statement made or deemed made
by any Credit Party in any Credit Document or in any statement or certificate at any time given by any Credit Party in writing
pursuant hereto or thereto or in connection herewith or therewith shall be incorrect in any material respect as of the date made
or deemed made; provided, however, that if the effect of any such misrepresentation or misstatement (1) has not
caused a Material Adverse Effect, (2) has not caused or is not related to any other Event of Default, Default or Project Level
Default, and (3) is capable of being remedied, Borrowers may remedy the effect of such misrepresentation or misstatement (and
no Event of Default shall be deemed to have occurred solely as a result thereof) by delivering a written representation and warranty
to Administrative Agent, in form and substance satisfactory to Administrative Agent, evidencing that the circumstances giving
rise to such misrepresentation or misstatement have been corrected and by otherwise remedying in all material respects the effect
of such misrepresentation or misstatement within thirty (30) days of the date that Borrowers have knowledge, or should have had
knowledge, of such misrepresentation or misstatement;


 


(e)               
Other Defaults. Any Credit Party shall default in the performance of or compliance with any term contained herein
or any of the other Credit Documents, other than any such term referred to in any other provision of this Section 8.1,
and such default or noncompliance shall remain unremedied (x) until thirty (30) days after the earlier of (i) the date on which
an Authorized Representative of such Credit Party becomes aware of such default or noncompliance, and (ii) the date on which written
notice thereof shall have been received by the Borrowers from the Administrative Agent or any Lender; provided that (A)
if such failure, default or noncompliance does not involve the payment of money to any Person and is not susceptible to cure within
such thirty (30) day period, (B) such Person is proceeding with diligence and good faith to cure such failure, default or noncompliance
and such failure, default or noncompliance is susceptible to cure within ninety (90) days and (C) the existence of such failure
has not resulted in a Material Adverse Effect, such thirty (30) day period shall be extended as may be necessary to cure such
failure, default or noncompliance, such extended period not to exceed ninety (90) days in the aggregate (inclusive of the original
thirty (30) day period), or (y) if earlier, ninety (90) days after the occurrence of such failure, default or noncompliance; and


 


(f)               
Involuntary Bankruptcy; Appointment of Receiver, etc. (i) A court of competent jurisdiction shall enter a decree
or order for relief in respect of any Credit Party or any Restricted Subsidiary (other than a Restricted Holding Company Subsidiary)
in an involuntary case under any Debtor Relief Laws now or hereafter in effect (including pursuant to which Canada Borrower has
been declared bankrupt or insolvent under Canadian Insolvency Legislation) which decree or order for relief is not immediately
stayed; or any other similar relief shall be granted under any applicable federal, state or provincial Governmental Rule, and
such relief is not immediately stayed; or (ii) an involuntary case shall be commenced against any Credit Party or any such
Restricted Subsidiary under any Debtor Relief Laws now or hereafter in effect; or a decree or order of a court having jurisdiction
in the premises for the appointment of a receiver, receiver-manager, administrator, liquidator, sequestrator, trustee, custodian
or other officer having similar powers over such Credit Party or such Restricted Subsidiary, or over all or a substantial part
of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver,
receiver-manager, administrator, trustee


 






    
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or
other custodian of any Credit Party or any such Restricted Subsidiary for all or a substantial part of its property; or a warrant
of attachment, execution or similar process shall have been issued against any substantial part of the property of any Credit
Party or any such Restricted Subsidiary, and any such event described in this clause (ii) shall continue for sixty (60) days
without having been dismissed, bonded or discharged (provided, that in either (i) or (ii) above, no Default or Event of
Default shall occur hereunder, in the case of any such Restricted Subsidiary unless such event could reasonably be expected to
have a Material Adverse Effect); or


 


(g)              
Voluntary Bankruptcy; Appointment of Receiver, etc. (i) Any Credit Party or any Restricted Subsidiary (other
than a Restricted Holding Company Subsidiary) shall have an order for relief entered with respect to it, or shall give notice
of intention to file a proposal, or file a proposal, or shall commence a voluntary case, in each case under any Debtor Relief
Laws now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion
of an involuntary case to a voluntary case, under any such Governmental Rule, or shall consent to the appointment of or taking
possession by a receiver, receiver-manager, administrator, trustee or other custodian for all or a substantial part of its property;
or any Credit Party or any such Restricted Subsidiary shall make any assignment for the benefit of creditors; or (ii) any
Credit Party or any such Restricted Subsidiary shall be unable, or shall fail generally, or shall admit in writing its (or their)
inability, to pay its debts as such debts become due; or the board of directors (or similar governing body (or any committee thereof))
of any Credit Party or any such Restricted Subsidiary shall adopt any resolution or otherwise authorize any action to approve
any of the actions referred to herein or in Section 8.1(f) (provided, that in either (i) or (ii) above, no
Default or Event of Default shall occur hereunder, in the case of any Restricted Subsidiary (other than a Restricted Holding Company
Subsidiary) unless such event could reasonably be expected to have a Material Adverse Effect); or


 


(h)              
Judgments and Attachments. Any money judgment, writ or warrant of attachment, execution, distress or similar process
involving in any individual case or in the aggregate at any time an amount in excess of one hundred million Dollars ($100,000,000)
(in either case to the extent not adequately covered by insurance) shall be entered or filed against (i) any Credit Party or any
of their respective assets (such assets excluding Restricted Subsidiaries (other than Restricted Holding Company Subsidiaries))
and shall remain undischarged, unvacated, unbonded or unstayed for a period of sixty (60) days (or in any event later than
five (5) days prior to the date of any proposed sale thereunder); or (ii) any Restricted Subsidiaries (other than Restricted
Holding Company Subsidiaries) or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed
for a period of sixty (60) days (or in any event later than five (5) days prior to the date of any proposed sale thereunder);
provided, that in the case of clause (ii) only, no Default or Event of Default shall occur hereunder unless such process
could reasonably be expected to result in a Material Adverse Effect; or


 


(i)                
Dissolution. Any order, judgment or decree shall be entered against any Credit Party decreeing the dissolution or
split up of such any Credit Party and such order shall remain undischarged or unstayed for a period in excess of thirty (30) days;
or


 


(j)                
Employee Benefit Plans. There (i) shall occur one or more ERISA Events which individually or in the aggregate
results in or could reasonably be expected to result in a


 






    
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Material
Adverse Effect during the term hereof or (ii) there is a negative change in the funded status of any Canadian Benefit Plan that
could reasonably be expected to have a Material Adverse Effect;


 


(k)              
Guaranties, Collateral Documents and other Credit Documents. At any time after the execution and delivery
thereof, (i) any Guaranty for any reason, other than the satisfaction in full of all Obligations, shall cease to be in full
force and effect (other than in accordance with its terms) or shall be declared to be null and void or any Guarantor shall repudiate
its obligations thereunder, (ii) this Agreement or any other Credit Document ceases to be in full force and effect (other
than by reason of a release of Collateral in accordance with the terms hereof or thereof or the satisfaction in full of the Obligations
in accordance with the terms hereof) or shall be declared null and void, or Collateral Agent shall not have or shall cease to
have a valid and perfected Lien in any portion of the Collateral purported to be covered and to the extent required by the Collateral
Documents with the priority required by the relevant Collateral Document, in each case for any reason other than the failure of
Collateral Agent or any Secured Party to take any action within its control, (iii) any Credit Party shall contest the validity
or enforceability of any Credit Document in writing or deny in writing that it has any further liability, including with respect
to future advances by Lenders, under any Credit Document to which it is a party, or (iv) the Permitted Subordinated Indebtedness
ceases to be subordinated (unless such Indebtedness is not required to be subordinated by its terms and would otherwise be permitted
under the Available Incremental Amount); or


 


(l)               Change
of Control. A Change of Control of either or both Borrowers shall have occurred;


 


(m)            
Abandonment. The occurrence of an Event of Abandonment;


 


THEN,
(1) upon the occurrence of any Event of Default described in Sections 8.1(f) or 8.1(g), automatically,
and (2) upon the occurrence and continuance of any other Event of Default, upon notice to the Borrower by Administrative
Agent, at the request of (or with the consent of) the Required Lenders (or, in the case of clause (A) below, the Required Revolving
Lenders with respect to the Revolving Commitments and, in the case of clause (D) below, each LC Issuing Bank, with respect to
its obligations to issue Letters of Credit and to Cash Collateralize), (A) the Revolving Commitments, if any, of each Lender having
such Revolving Commitments and the obligation of an LC Issuing Bank to issue any Letter of Credit shall immediately terminate;
(B) each of the following shall immediately become due and payable, in each case without presentment, demand, protest or other
requirements of any kind, all of which are hereby expressly waived by each Credit Party: (I) the unpaid principal amount
of and accrued interest on the Loans, (II) an amount equal to the maximum amount that may at any time be drawn under all
Letters of Credit then outstanding (regardless of whether any beneficiary under any such Letter of Credit shall have presented,
or shall be entitled at such time to present, the drafts or other documents or certificates required to draw under such Letters
of Credit), and (III) all other Obligations; (C) Administrative Agent may cause Collateral Agent to enforce any and
all Liens and security interests created pursuant to Collateral Documents; and (D) Administrative Agent shall direct Borrowers
to pay (and Borrowers hereby agrees upon receipt of such notice, or upon the occurrence and continuance of any Event of Default
specified in Section 8.1(f) or (g) to pay)


 






    
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to Administrative Agent such additional amounts of cash, to
be held as security for Borrowers’ reimbursement obligations in respect of Letters of Credit then outstanding, equal to
the L/C Obligation at such time;


 


		8.2	Right to Cure



 


(a)               
Notwithstanding anything to the contrary contained in this Section 8, in the event that Borrowers fail to comply
with the requirements of Section 6.6, until the expiration of the tenth Business Day subsequent to the date the certificate
calculating such compliance is required to be delivered pursuant to Section 5.1(c) (the period from such failure to comply
to such tenth Business Day, the “Cure Period”), Borrowers shall have the right to issue common stock or Permitted
Subordinated Indebtedness for cash, or otherwise receive cash contributions to the capital of the Borrowers (including pursuant
to Permitted Subordinated Indebtedness transactions) (collectively, the “Cure Right”), and upon the receipt
by Borrowers of such cash in an amount sufficient to cure such failure (the “Cure Amount”) pursuant to the
exercise by Borrowers of such Cure Right, compliance with the covenants set forth in Section 6.6 shall be recalculated giving
effect to the following pro forma adjustments:


 


(i)                
Borrower Cash Flow shall be increased, solely for the purpose of measuring compliance with Section 6.6 and not for
any other purpose under this Agreement, by an amount equal to the Cure Amount; and


 


(ii)              
if, after giving effect to the foregoing recalculations, Borrowers shall then be in compliance with the requirements of
Section 6.6, Borrowers shall be deemed to have satisfied the requirements of Section 6.6 as of the relevant date
of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable
breach or default of Section 6.6 that had occurred shall be deemed cured for the purposes of this Agreement.


 


(b)              
Notwithstanding anything herein to the contrary, (a) such Cure Right may not be exercised more than two (2) times in any
twelve month period, (b) the Cure Amount shall be no greater than the amount required for purposes of complying, on a pro forma
basis, with Section 6.6 as of the relevant date of determination, (c) no more than five (5) Cure Rights may be exercised
in the aggregate and (d) Section 8.2 may not be relied on for, and the Cure Amount received and the use of proceeds thereof
shall be disregarded for, all purposes of this Agreement (except as expressly set forth in Section 8.2(a)), including for determining
any financial ratio-based terms (including pricing) or conditions and any increase to any available basket under this Agreement
or calculating compliance with any of the financial covenants or tests hereunder. Any amount contributed or raised as a Cure Amount
shall be immediately applied as described in Section 2.12 and may then be reborrowed subject to the provisions of Section
3.2 (while giving effect to such Cure Amount for purposes of determining compliance with Section 6.6 in connection
with such Loan). For the avoidance of doubt, nothing in this Section 8.2 shall preclude any Credit Party or Restricted
Company Operating Subsidiary from issuing Permitted Subordinated Indebtedness or common stock in excess of the Cure Amount. Any
amount contributed, raised or issued in excess of the Cure Amount may be applied as otherwise permitted under the Financing Documents.


 






    
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		Section 9.	                                         AGENTS



 


		9.1	Appointment of Agents



 


(a)               
Each of the Lenders and the LC Issuing Banks and, by their acceptance of the benefits hereof and the other Credit Documents,
the other Secured Parties, hereby irrevocably appoints Royal Bank to act on its behalf as Administrative Agent and Royal Bank
to act on its behalf as Collateral Agent hereunder and under the other Credit Documents and authorizes Administrative Agent and
Collateral Agent, as applicable, to take such actions on its behalf and to exercise such powers as are delegated to Administrative
Agent and Collateral Agent, as applicable by the terms hereof or thereof, together with such actions and powers as are reasonably
incidental thereto. The provisions of this Section 9 are solely for the benefit of Administrative Agent, Collateral Agent,
the Lenders and the LC Issuing Banks, and neither Borrowers nor any other Credit Party shall have rights as a third party beneficiary
of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Credit
Documents (or any other similar term) with reference to Administrative Agent or Collateral Agent, as applicable, is not intended
to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Governmental
Rule. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship
between contracting parties.


 


(b)              
Bank of Montreal, Chicago Branch, is hereby appointed as Syndication Agent, and each Lender and LC Issuing Bank hereby
authorizes the Syndication Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. The Syndication
Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any
of its Affiliates. As of the Closing Date, Bank of Montreal, Chicago Branch, in its capacity as Syndication Agent shall not have
any obligations but shall be entitled to all benefits of this Section 9.


 


(c)               
Citibank, N.A. is hereby appointed as Documentation Agent, and each Lender and LC Issuing Bank hereby authorizes the Documentation
Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. The Documentation Agent, without
consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates.
As of the Closing Date, Citibank, N.A., in its capacity as Documentation Agent shall not have any obligations but shall be entitled
to all benefits of this Section 9.


 


9.2             
Powers and Duties. Each Lender irrevocably authorizes each Agent to take such action on such Lender’s behalf
and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated
or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental
thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit
Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees.
No Agent shall have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender;
and nothing herein or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose
upon any Agent any obligations in respect


 






    
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hereof
or any of the other Credit Documents except as expressly set forth herein or therein regardless of whether a Default or Event
of Default has occurred and is continuing.


 


		9.3	General Immunity



 


(a)               
Reliance by Agents. Agents shall be entitled to rely upon, and shall not incur any liability for relying upon, any
notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet
or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated
by the proper Person. Agents also may rely upon any statement made to it orally or by telephone and believed by it to have been
made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Revolving Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its
terms must be fulfilled to the satisfaction of a Lender or the LC Issuing Banks, Agents may presume that such condition is satisfactory
to such Lender or the LC Issuing Banks unless Agents shall have received notice to the contrary from such Lender or the LC Issuing
Banks prior to the making of such Revolving Loan or the issuance of such Letter of Credit. Agents may consult with legal counsel
(who may be counsel for Borrowers), independent accountants and other experts selected by it, and shall not be liable for any
action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.


 


(b)              
Exculpatory Provisions. No Agent nor any of its Representatives shall be liable to Lenders for any action taken
or omitted by any Agent under or in connection with any of the Credit Documents except to the extent caused by such Agent’s
gross negligence or willful misconduct as determined by final and nonappealable judgment of a court of competent jurisdiction.
Each Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in
connection herewith or any of the other Credit Documents or from the exercise of any power, discretion or authority vested in
it hereunder or thereunder unless and until such Agent, in the case of any Agent other than Collateral Agent, shall have received
instructions in respect thereof from Required Lenders (or such other Lenders as may be required to give such instructions under
Section 10.5) or, in the case of Collateral Agent, in accordance with the Pledge Agreements or other applicable Collateral
Documents, and, upon receipt of such instructions from Required Lenders (or such other Lenders, as the case may be); provided
that no Agent shall be required to take any action that in its opinion or the opinion of its counsel, may be in violation
of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of
a Defaulting Lender in violation of any Debtor Relief Law. Without prejudice to the generality of the foregoing, no Lender shall
have any right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed) refraining from
acting hereunder or any of the other Credit Documents, in the case of any Agent other than Collateral Agent, in accordance with
the instructions of Required Lenders (or such other Lenders as may be required to give such instructions under Section 10.5)
or, in the case of Collateral Agent, in accordance with the Pledge Agreements or other applicable Collateral Document. No Agent
shall, except as expressly set forth herein and in the other Credit Documents, have any duty to disclose and shall not be liable
for the failure to disclose, any information relating to Borrowers or any of its Affiliates that is communicated to or obtained
by the Person serving as Administrative Agent or any of its Affiliates in any capacity. The Agents shall not be responsible for
or have any duty to ascertain or inquire into (i) any statement,


 






    
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warranty
or representation made in or in connection with this Agreement or any other Credit Document, (ii) the contents of any certificate,
report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default
or Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Credit Document
or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Section 3 or elsewhere
herein, other than to confirm receipt of items expressly required to be delivered to Administrative Agent.


 


(c)               
Delegation of Duties. Each of Administrative Agent and Collateral Agent may perform any and all of its duties and
exercise its rights and powers under this Agreement or under any other Credit Document by or through any one or more sub-agents
appointed by it. Each of Administrative Agent, Collateral Agent and any such sub-agent may perform any and all of its duties and
exercise its rights and powers by or through their respective Related Parties. The exculpatory, indemnification and other provisions
of this Section 9.3 shall apply to any of the Related Parties of Administrative Agent or Collateral Agent and shall
apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as
activities as Administrative Agent or Collateral Agent. All of the rights, benefits, and privileges (including the exculpatory
and indemnification provisions) of this Section 9.3 shall apply to any such sub-agent and to the Affiliates of any
such sub-agent, and shall apply to their respective activities as sub-agent as if such sub-agent and Affiliates were named herein.
Notwithstanding anything herein to the contrary, with respect to each sub-agent appointed by Administrative Agent or Collateral
Agent, (i) such sub-agent shall be a third party beneficiary under this Agreement with respect to all such rights, benefits
and privileges (including exculpatory rights and rights to indemnification) and shall have all of the rights and benefits of a
third party beneficiary, including an independent right of action to enforce such rights, benefits and privileges (including exculpatory
rights and rights to indemnification) directly, without the consent or joinder of any other Person, against any or all of the
Credit Parties and the Lenders, (ii) such rights, benefits and privileges (including exculpatory rights and rights to indemnification)
shall not be modified or amended without the consent of such sub-agent, and (iii) such sub-agent shall only have obligations
to Administrative Agent or Collateral Agent, as the case maybe, and not to any Credit Party, Lender or any other Person and no
Credit Party, Lender or any other Person shall have any rights, directly or indirectly, as a third party beneficiary or otherwise,
against such sub-agent.


 


9.4             
Agents Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and
powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect
to its participation in the Loans and the Letters of Credit, each Agent shall have the same rights and powers hereunder as any
other Lender and may exercise the same as if it were not performing the duties and functions delegated to it hereunder, and the
term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity.
Any Agent and its Affiliates may accept deposits from, lend money to, own securities of, and generally engage in any kind of banking,
trust, financial advisory or other business with the Credit Parties or any of their Affiliates as if it were not performing the
duties specified herein, and may accept fees and other consideration from Borrowers for services in connection herewith and otherwise
without having to account for the same to Lenders.


 






    
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9.5             
Lenders’ Representations, Warranties and Acknowledgment. Each Lender represents and warrants that, without reliance
upon Administrative Agent or any other Lender or any of their Related Parties, it has made its own independent investigation of
the financial condition and affairs of the Credit Parties in connection with Credit Extensions hereunder and that it has made
and shall continue to make its own appraisal of the creditworthiness of the Credit Parties. No Agent shall have any duty or responsibility,
either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide
any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of
the Revolving Loans or at any time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy
of or the completeness of any information provided to Lenders.


 


		9.6	Resignation of Administrative
Agent



 


(a)               
Administrative Agent or Collateral Agent may at any time give notice of its resignation to the Lenders, the LC Issuing
Banks and Borrowers. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, with the consent
of Borrowers (such consent not to be unreasonably withheld, conditioned or delayed), to appoint a successor, which shall be a
bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor
shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after
the retiring Administrative Agent or Collateral Agent, as applicable, gives notice of its resignation (or such earlier day as
shall be agreed by the Required Lenders and Borrowers) (the “Resignation Effective Date”), then the retiring
Administrative Agent or Collateral Agent, as applicable, may (but shall not be obligated to) on behalf of the Lenders and the
LC Issuing Banks, appoint a successor Administrative Agent or Collateral Agent, as applicable, meeting the qualifications set
forth above and accepting such appointment. Whether or not a successor has been appointed, such resignation shall become effective
in accordance with such notice on the Resignation Effective Date.


 


(b)              
If the Person serving as Administrative Agent or Collateral Agent, as applicable, is a Defaulting Lender pursuant to clause (d)
of the definition thereof, the Required Lenders may, to the extent permitted by applicable Governmental Rules, by notice in writing
to Borrowers and such Person remove such Person as Administrative Agent or Collateral Agent, as applicable, and, with the consent
of Borrowers (such consent not to be unreasonably withheld, conditioned or delayed), appoint a successor. The Person serving as
Administrative Agent or Collateral Agent, as applicable, may be removed involuntarily for a material breach of its duties hereunder
or under the other Credit Documents or for gross negligence or willful misconduct in connection with the performance of its duties
hereunder or under the other Credit Documents, and then only upon an affirmative vote of the Required Lenders (excluding Administrative
Agent or Collateral Agent, as applicable, from such vote and the Revolving Exposure attributable to the Administrative Agent or
Collateral Agent from the amounts used to determine the portion of the Revolving Exposure necessary to constitute the required
aggregate Revolving Exposure of the remaining Lenders), and, with the consent of Borrowers (such consent not to be unreasonably
withheld, conditioned or delayed), appoint a successor. If in each case, no such successor shall have been so appointed by the
Required Lenders and shall have accepted such appointment within thirty (30) days (or such earlier day as shall be agreed
by the Required Lenders and


 






    
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Borrowers)
(the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such
notice on the Removal Effective Date.


 


(c)               
With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or
removed Administrative Agent or Collateral Agent, as applicable, shall be discharged from its duties and obligations hereunder
and under the other Credit Documents (except that in the case of any collateral security held by Administrative Agent or Collateral
Agent, as applicable, on behalf of the Lenders or the LC Issuing Banks under any of the Credit Documents, the retiring or removed
Administrative Agent or Collateral Agent, as applicable, shall continue to hold such collateral security until such time as a
successor Administrative Agent or Collateral Agent, as applicable, is appointed) and (ii) except for any indemnity payments
or other amounts then owed to the retiring or removed Administrative Agent or Collateral Agent, as applicable, all payments, communications
and determinations provided to be made by, to or through Administrative Agent or Collateral Agent, as applicable, shall instead
be made by or to each Lender and LC Issuing Banks directly, until such time, if any, as the Required Lenders appoint a successor
Administrative Agent or Collateral Agent, as applicable, as provided for above. Upon the acceptance of a successor’s appointment
as Administrative Agent or Collateral Agent, as applicable, hereunder, such successor shall succeed to and become vested with
all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent or Collateral Agent, as applicable
(other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent or Collateral
Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative
Agent or Collateral Agent shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents
(if not already discharged therefrom as provided above in this Section 9.6). After the retiring or removed Administrative
Agent or Collateral Agent’s resignation or removal hereunder and under the other Credit Documents, the provisions of this
Section 9, and Sections 10.2 and 10.3 shall continue in effect for the benefit of such retiring
or removed Administrative Agent or Collateral Agent, as applicable, its sub agents and their respective Related Parties in respect
of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent or Collateral Agent
was acting as Administrative Agent or Collateral Agent, as applicable.


 


		9.7	Collateral Documents and
Guaranty



 


(a)               
Agents under Collateral Documents and Guaranty. Each Lender hereby further authorizes Administrative Agent or Collateral
Agent, as applicable, on behalf of and for the benefit of Lenders, to be the agent for and representative of Lenders with respect
to the Guaranty, the Collateral and the Collateral Documents. Subject to Section 10.5, without further written consent
or authorization from Lenders, Administrative Agent or Collateral Agent, as applicable may execute any documents or instruments
necessary to (i) release any Lien encumbering any item of Collateral (x) that is the subject of a sale or other disposition
of assets permitted hereby, (y) to which Required Lenders (or such other Lenders as may be required to give such consent under
Section 10.5) have otherwise consented or (z) upon termination of the Revolving Commitments and payment in full of
all Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit
(other than Letters of Credit as to which other arrangements satisfactory to Administrative Agent and the LC Issuing Bank shall
have been made) or (ii) release any Guarantor from the Guaranty pursuant to


 






    
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Section 7.11
or with respect to which Required Lenders (or such other Lenders as may be required to give such consent under Section 10.5)
have otherwise consented.


 


(b)              
Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Credit Documents to the contrary
notwithstanding, Borrowers, Administrative Agent, Collateral Agent and each Lender hereby agree that no Lender shall have any
right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers,
rights and remedies hereunder may be exercised solely by Administrative Agent, on behalf of Lenders in accordance with the terms
hereof, and all powers, rights and remedies under the Collateral Documents may be exercised solely by Collateral Agent. The Secured
Parties hereby irrevocably authorize the Collateral Agent, at the direction of the Required Lenders, to credit bid all or any
portion of the Obligations (including in combination with Cash or other consideration, including accepting some or all of the
Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such
manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any
sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Sections 363, 1123 or
1129 of the Bankruptcy Code of the United States, or any similar Debtor Relief Laws in any other jurisdictions to which a Credit
Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent
or at the direction of) the Collateral Agent (whether by judicial action or otherwise) in accordance with any applicable Governmental
Rule. In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall be entitled to be,
and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent
interests in the acquired assets on a ratable basis that would vest upon the liquidation of such claims in an amount proportional
to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so
purchased (or in the Capital Stock or debt instruments of the acquisition vehicle or vehicles that are used to consummate such
purchase). In connection with any such bid (i) the Agents shall be authorized to form one or more acquisition vehicles to make
a bid and to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions
by the Agents with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Capital Stock thereof
shall be governed, directly or indirectly, by the vote of the Required Lenders, irrespective of the termination of this Agreement
and without giving effect to the limitations on actions by the Required Lenders contained in clauses (a) through (g) of Section
10.5 of this Agreement), (ii) the relevant Obligations shall automatically be assigned to any such acquisition vehicle pro
rata by the Lenders, as a result of which each of the Lenders shall be deemed to have received a pro rata portion of any Capital
Stock or debt instruments issued by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid,
all without the need for any Lender or acquisition vehicle to take any further action, and (iii) to the extent that Obligations
that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being
higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid
by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and the Capital
Stock or debt instruments issued by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition
vehicle shall automatically be cancelled, without the need for any Lender or any acquisition vehicle to take any further action.


 






    
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9.8             
No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Joint Bookrunners, the Syndication
Agent or the Documentation Agent listed on the cover page hereof shall have any powers, duties or responsibilities under this
Agreement or any of the other Credit Documents, except in its capacity, as applicable, as Administrative Agent, Collateral Agent,
Lender or LC Issuing Bank hereunder.


 


		Section 10.	MISCELLANEOUS



 


		10.1	Notices



 


(a)               
Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and
except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and
shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows,
and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable
telephone number, as follows:


 


(i)               if to any Credit Party, Administrative Agent, Collateral Agent, or the LC Issuing Banks, to the address, facsimile number,
electronic mail address or telephone number specified for such Person on Appendix B; and


 


(ii)              
if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its
administrative questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its
administrative questionnaire then in effect for the delivery of notices that may contain material non-public information relating
to Borrowers).


 


Notices
and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed
to have been given when received or five (5) Business Days after depositing it in the United States mail with postage prepaid
and properly addressed; notices and other communications sent by facsimile shall be deemed to have been given when sent (except
that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business
on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the
extent provided in subsection (b) below, shall be effective as provided in such subsection (b).


 


(b)              
Electronic Communications. Notices and other communications to the Lenders and the LC Issuing Banks hereunder may
be delivered or furnished by electronic communication (including e mail and Internet or intranet websites) pursuant to procedures
approved by Administrative Agent and the LC Issuing Banks, provided that the foregoing shall not apply to notices to any
Lender or the LC Issuing Banks pursuant to Section 2 if such Lender or the LC Issuing Banks, as applicable, has notified
Administrative Agent that it is incapable of receiving notices under such Section by electronic communication. Administrative
Agent or Borrowers may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or
communications. Unless Administrative Agent otherwise prescribes, (i) notices and other communications sent to an 


 






    
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e-mail
address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by
the “return receipt requested” function, as available, return e-mail or other written acknowledgement) and (ii) notices
or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient
at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available
and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email
or other communication is not sent during the normal business hours of the recipient, such notice, email or communication shall
be deemed to have been sent at the opening of business on the next Business Day for the recipient.


 


(c)               
Change of Address, Etc. Each of Borrowers, Administrative Agent, and the LC Issuing Bank may change its address,
facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other
Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to Borrowers,
Administrative Agent, and the LC Issuing Bank. In addition, each Lender agrees to notify Administrative Agent from time to time
to ensure that Administrative Agent has on record (i) an effective address, contact name, telephone number, facsimile number
and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for
such Lender.


 


(d)              
Reliance by Administrative Agent, LC Issuing Bank and Lenders. Administrative Agent, the LC Issuing Bank and the
Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Borrowing Notice And Certificates
or Letter of Credit Applications) purportedly given by or on behalf of Borrowers even if (i) such notices were not made in
a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the
terms thereof, as understood by the recipient, varied from any confirmation thereof. All telephonic notices to and other telephonic
communications with Administrative Agent may be recorded by Administrative Agent, and each of the parties hereto hereby consents
to such recording.


 


10.2         
Expenses. Whether or not the transactions contemplated hereby shall be consummated, Borrowers agree to pay promptly
upon demand (a) all the actual and reasonable costs and expenses incurred by Administrative Agent and Collateral Agent of
preparation of the Credit Documents and any consents, amendments, waivers or other modifications thereto; (b) all the costs
of furnishing all opinions by counsel for the Credit Parties; (c) all reasonable costs incurred (including, US, Canadian
and other attorneys’ fees and any other legal expenses) and reasonable out-of-pocket expenses of Lenders, Administrative
Agent and Collateral Agent, in connection with the negotiation, preparation, syndication, execution and administration of the
Credit Documents and any consents, amendments, waivers or other modifications thereto and any other documents or matters requested
by Borrowers; (d) all the actual costs and reasonable expenses of creating and perfecting Liens in favor of Collateral Agent,
for the benefit of Secured Parties, including, without duplication of amounts paid pursuant to Section 2.18, filing and
recording fees, expenses and taxes, stamp or documentary taxes, search fees, title insurance premiums and reasonable fees, expenses
and disbursements of one counsel to Administrative Agent and Collateral Agent; (e) all the actual costs and reasonable fees,
expenses and disbursements of any Representatives (prior to any Default or Event of Default subject to the consent of Borrowers);
(f) all reasonable out-of-pocket expenses incurred by any LC Issuing


 






    
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Bank
in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder
and (g) after the occurrence of an Event of Default and during its continuance, all costs and out-of-pocket expenses, including
reasonable attorneys’ fees of counsel to the Agents and the Lenders, and costs of settlement, incurred by Administrative
Agent and Collateral Agent and any Lender in enforcing any Obligations of or in collecting any payments due from any Credit Party
hereunder or under the other Credit Documents by reason of such Event of Default (including in connection with the sale of, collection
from, or other realization upon any of the Collateral or the enforcement of the Guaranty) or in connection with any negotiations,
refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or pursuant
to any insolvency or bankruptcy cases or proceedings. The agreements in this Section 10.2 shall survive repayment
of the Revolving Loans and all other amounts payable hereunder. All fees and disbursements payable to US or Canadian counsel in
connection with this Agreement and the other Credit Documents shall be paid on a full indemnity basis.


 


		10.3	Indemnity



 


(a)               
In addition to the payment of expenses pursuant to Section 10.2, whether or not the transactions contemplated
hereby shall be consummated, each Credit Party agrees to defend, indemnify, pay promptly upon demand and hold harmless, each Agent,
Lender and LC Issuing Bank and their respective Related Parties (each, an “Indemnitee”), from and against any
and all Indemnified Liabilities; provided, no Credit Party shall have any obligation to any Indemnitee hereunder with respect
to any Indemnified Liabilities to the extent (i) such Indemnified Liabilities are found by a final and nonappealable judgment
of a court of competent jurisdiction to arise from the gross negligence or willful misconduct of that Indemnitee, (ii) such Indemnified
Liabilities are found by a final and nonappealable judgment of a court of competent jurisdiction to arise out of a breach of any
obligation of such Indemnitee due to its gross negligence or willful misconduct under this Agreement and the other Credit Documents,
including to the wrongful dishonor by an LC Issuing Bank of a proper demand for payment made under any Letter of Credit issued
by it or (iii) such Indemnified Liabilities arise out of any dispute solely among Indemnitees (other than claims against
any Indemnitee in its capacity or in fulfilling its role as Agent and the other Credit Documents and other than any claims involving
any act or omission on the part of Borrowers, their Restricted Subsidiaries or any other Affiliates). To the extent that the undertakings
to defend, indemnify, pay and hold harmless set forth in this Section 10.3 may be unenforceable in whole or in part
because they are violative of any Governmental Rule or public policy, the applicable Credit Party shall contribute the maximum
portion that it is permitted to pay and satisfy under applicable Governmental Rules to the payment and satisfaction of all Indemnified
Liabilities incurred by Indemnitees or any of them. Without limiting the provisions of Section 2.18(d), this Section 10.3(a)
shall not apply with respect to Taxes other than Taxes that represent losses, claims, damages, etc. arising from any non-Tax
claim.


 


(b)              
To the extent that Borrowers for any reason fail to indefeasibly pay any amount required under Sections 10.2 and
10.3(a) to be paid by it to any Agent (or any sub-agent thereof), the LC Issuing Banks, or any Related Party of any of
the foregoing, each Lender severally agrees to pay to such Agent (or any such sub-agent), the LC Issuing Banks, or such Related
Party, as the case may be, such Lender’s pro rata share of such unpaid amount (including


 






    
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any
such unpaid amount in respect of a claim asserted by such Lender); provided that the unreimbursed expense or indemnified
loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Agent (or any
such sub-agent) or the LC Issuing Banks in its respective capacity as such, or against any Related Party of any of the foregoing
acting for such Agent (or any such sub-agent) or the LC Issuing Banks in connection with such capacity. The obligations of the
Lenders under this subsection (b) are subject to the provisions of Section 2.14. For purposes hereof, a Lender’s
“pro rata share” shall be determined based upon its share of the sum of the outstanding Loans (other than Swingline
Loans), participations in Swingline Loans and Letters of Credit or Unreimbursed Amounts under Letters of Credit and unused Commitments
at the time.


 


(c)               
To the extent permitted by applicable Governmental Rules, no Credit Party shall assert, and each Credit Party hereby waives,
any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal
requirement) arising out of, in connection with, arising out of, as a result of, or in any way related to, this Agreement or any
Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions
contemplated hereby or thereby, any Loan or the use of the proceeds thereof or any act or omission or event occurring in connection
therewith, and each Credit Party hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether
or not accrued and whether or not known or suspected to exist in its favor. No Indemnitee above shall be liable for any damages
arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients
by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement
or the other Credit Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting
from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court
of competent jurisdiction.


 


(d)              
To the extent permitted by applicable Governmental Rules, no Indemnitee shall assert, and each Indemnitee hereby waives,
any claim against the Credit Parties and their respective Subsidiaries and Affiliates, or Representatives, on any theory of liability,
for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor
is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, arising out
of, as a result of, or in any way related to, this Agreement or any Credit Document or any agreement or instrument contemplated
hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Loan or the use of the
proceeds thereof or any act or omission or event occurring in connection therewith, and each Indemnitee hereby waives, releases
and agrees not to sue upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to
exist in its favor; provided that nothing contained in this sentence shall limit the Credit Parties’ indemnity obligations
under the Credit Documents to the extent such special, indirect, consequential or punitive damages are included in any third party
claim in connection with which such Indemnitee is entitled to indemnification hereunder.


 






    
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The
agreements in this Section 10.3 shall survive the resignation of Administrative Agent, the LC Issuing Bank, the replacement
of any Lender, the termination of the Revolving Commitments and the repayment of the Loans and all other amounts payable hereunder.


 


10.4         
Set-Off. In addition to any rights now or hereafter granted under applicable Governmental Rules and not by way of limitation
of any such rights, upon the occurrence and during the continuance of any Event of Default each Lender, each LC Issuing Bank and
each of their respective Affiliates is hereby authorized by each Credit Party at any time or from time to time subject to the
consent of Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed), without notice to any
Credit Party or to any other Person (other than Administrative Agent), any such notice being hereby expressly waived, to set off
and to appropriate and to apply any and all deposits (general or special, including Indebtedness evidenced by certificates of
deposit, whether matured or unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing
by such Lender, LC Issuing Bank or Affiliate of such Lender or LC Issuing Bank to or for the credit or the account of any Credit
Party against and on account of the obligations and liabilities of any Credit Party to such Lender, LC Issuing Bank or Affiliate
of such Lender or LC Issuing Bank hereunder, the Letters of Credit and participations therein and under the other Credit Documents,
including all claims of any nature or description arising out of or connected hereto, the Letters of Credit and participations
therein or with any other Credit Document, irrespective of whether or not(a) such Lender, LC Issuing Bank or Affiliate of
such Lender or LC Issuing Bank shall have made any demand hereunder or (b) the principal of or the interest on the Revolving
Loans or any amounts in respect of the Letters of Credit or any other amounts due hereunder shall have become due and payable
pursuant to Section 2 and although such obligations and liabilities, or any of them, may be contingent or unmatured; provided
that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall
be paid over immediately to Administrative Agent for further application in accordance with the provisions of Sections 2.15
and 2.20 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed
held in trust for the benefit of Administrative Agent, LC Issuing Banks, Lenders and their respective Affiliates, and (y) Defaulting
Lender shall provide promptly to Administrative Agent a statement describing in reasonable detail the Obligations owing to such
Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each LC Issuing Bank and each of their
respective Affiliates under this Section 10.4 are in addition to other rights and remedies (including other rights
of setoff) that such Lender, LC Issuing Bank or Affiliate of such Lender or LC Issuing Bank may have.


 


		10.5	Amendments and Waivers



 


(a)               
Required Lenders’ Consent. Subject to Section 10.5(b) and 10.5(c), no amendment, modification,
termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall
in any event be effective without the written concurrence of the Required Lenders; provided that (i) any term of the Credit
Documents may be amended or waived by Borrowers and Administrative Agent (or if applicable, Collateral Agent) without the consent
of any other party if that amendment or waiver is to cure defects or omissions, resolve ambiguities or inconsistencies or reflect
changes of a minor, technical or administrative nature, or otherwise for the benefit of all or any of the Secured Parties


 






    
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and
(ii) any amendment, waiver or modification of any term or provision relating only to the Revolving Lenders shall not require the
consent of any Incremental Term Loan Lender unless such Incremental Term Loan Lender would be directly affected by any such amendment,
waiver or modification that has an effect set forth in any of Sections 10.5(b)(i)-(vii).


 


(b)              
Affected Lenders’ Consent. Without the written consent of each Lender (other than, solely with respect to
Sections 10.5(iii) through (vii), a Defaulting Lender) that would be directly affected thereby, no amendment, modification, termination,
or consent (including amendments or modifications to any relevant definitions in Section 1) shall be effective if the effect
thereof would:


 


(i)                
extend (i) any Revolving Commitment of such Lender or (ii) the scheduled final maturity of any Loan or Note of such Lender;


 


(ii)              
increase any Commitment of any Lender over the amount thereof then in effect without the consent of such Lender;


 


(iii)            
reduce the Commitment Fee Rate or the rate of interest on any Loan of such Lender (other than any waiver of any increase
in the interest rate applicable to any Loan pursuant to Section 2.9 or the definition of “Default Rate”)
or any fee (including Letter of Credit Fee) or other payment obligations payable hereunder to such Lender; provided that
any amendment or other modification of any financial covenant definition in this Agreement shall not constitute a reduction in
the rate of interest for the purpose of this clause (iii); provided further, that the establishment of an alternative
rate of interest, as referenced in the definition of “Eurodollar Rate” and related amendments to effectuate such establishment
shall only require the consent of the Required Lenders;


 


(iv)            
extend the time for payment of any such interest, fees or scheduled payments in respect of Incremental Term Loans payable
to a Lender under this Agreement without the written consent of the Lender to which such interest or fee is directly payable (excluding
the waiver of any mandatory prepayment or the payment of any expense, cost or indemnity);


 


(v)              
reduce the principal amount of any Loan or any reimbursement obligation in respect of any Letter of Credit due to such
Lender;


 


(vi)             amend
the definition of “Required Lenders”, “Required Revolving Lenders”,
“Required Incremental Term Loan Lenders” or “Pro Rata Share” or any other provision in
this Agreement affecting the ratable treatment of the repayment of principal, interest and fees or other Obligations under
this Agreement; provided that, with the consent of the Required Lenders, Required Revolving Lenders or Required
Incremental Term Loan Lenders, as applicable, additional extensions of credit pursuant hereto may be included in the
determination of “Required Lenders”, “Required Revolving Lenders”, “Required
Incremental Term Loan Lenders” or “Pro Rata Share” on substantially the same basis as the
Commitments and the Loans are included on the Closing Date;


 






    
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(vii)          
release or otherwise Transfer (x) all or substantially all of the Collateral (except as expressly permitted in the Credit
Documents), or (y) all or substantially all of the value of the Guaranty (except as expressly permitted in the Credit Documents);
and


 


(viii)        
amend this Section 10.5(b).


 


Notwithstanding
the foregoing, the Fee Letter and Engagement Letter may be amended, or the rights or privileges thereunder waived, in writing
executed only by the parties thereto.


 


		(c)	Other Consents.



 


(i)                
No amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure
by any Credit Party therefrom, shall:


 


(1)              
amend, modify, terminate or waive any provision of Section 9 as the same applies to any Agent, or any other provision
hereof as the same applies to the rights or obligations of any Agent, in each case without the consent of such Agent;


 


(2)              
amend, modify, terminate or waive any provision hereof relating to the Letters of Credit without the consent of each LC
Issuing Bank; provided that Borrowers may amend, modify, terminate or waive any Letter of Credit or any LC Issuer Document
issued or to be issued by an LC Issuing Bank with only the consent of such LC Issuing Bank; and


 


(3)              
amend, modify, terminate or waive any provision hereof relating to the Swingline Loan without the consent of Swingline
Lender; or


 


(ii)              
Solely with the consent of the Borrowers, the Revolving Lenders and, if applicable, the LC Issuing Banks, subject to the
provisions of Section 1.8, this Agreement may be amended or otherwise modified to the extent necessary to permit the availability
of Revolving Loans or Letters of Credit denominated in a currency other than Dollars or Canadian Dollars and to make technical
changes to this Agreement and any other Credit Document to accommodate the inclusion of any such new currency; provided
that the rights of any Lenders other than the Revolving Lenders shall not be affected by any such amendment or modification.


 


(d)              
Execution of Amendments, etc. Administrative Agent may, but shall have no obligation to, with the concurrence of
any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective
only in the specific instance and for the specific purpose for which it was given. No notice to or demand on any Credit Party
in any case shall entitle any Credit Party to any other or further notice or demand in similar or other circumstances. Any amendment,
modification, termination, waiver or


 






    
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consent
effected in accordance with this Section 10.5 shall be binding upon each Lender at the time outstanding, each future
Lender and, if signed by a Credit Party, on such Credit Party.


 


Notwithstanding
anything to the contrary in this Agreement (including this Section 10.5) or any other Credit Document, the consent of the
Required Lenders, Required Revolving Lenders or Required Incremental Term Loan Lenders shall not be required to make any changes
that are necessary in connection with an increase in the Commitments hereunder in accordance with Section 2.22 or any Extension
pursuant to Section 2.23.


 


		10.6	Successors and Assigns;
Participations; Sale and Transfer Limitations



 


(a)               
Generally. This Agreement shall be binding upon the parties hereto and their respective successors and assigns and
shall inure to the benefit of the parties hereto and the successors and assigns of Lenders. No Credit Party’s rights or
obligations hereunder nor any interest therein may be assigned or delegated by any Credit Party without the prior written consent
of Administrative Agent and all Lenders. No Lender may Transfer or participate any of its rights under the Credit Documents except
as set forth in this Section 10.6 and the penultimate sentence of Section 2.21. Nothing in this Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, participants to the extent provided in Section 10.6(f), sub-agents to the Agents to the extent
provided in Section 9.3(c), and, to the extent expressly contemplated hereby, the Related Parties of each of Administrative
Agent, the LC Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.


 


(b)              
Register. Administrative Agent, acting solely for this purpose as an agent of Borrowers (and such agency being solely
for tax purposes), shall maintain at Administrative Agent’s Principal Office a copy of each Assignment Agreement delivered
to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders,
and the Commitments of, and principal amounts (and stated interest) of the Revolving Loans and L/C Obligations owing to, each
Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be
conclusive absent manifest error, and Borrowers, Administrative Agent and the Lenders shall treat each Person whose name is recorded
in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available
for inspection by Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice.


 


(c)               
Right to Assign. Each Lender shall have the right at any time to Transfer all or a portion of its rights and obligations
under this Agreement, including all or a portion of its Revolving Commitment or Loans (including participations in L/C Obligations
and Swingline Loans) or other Obligations owing to it, to any Person meeting the criteria of “Eligible Assignee” (subject
to Section 10.6(g)) consented to by Borrowers (not to be unreasonably withheld, conditioned or delayed); provided that
no consent of Borrowers shall be required (x) in the case of a Transfer to an Affiliate of a Lender, (y) if an Event of Default
has occurred and is continuing or (z) in the case of any Lender, for a Transfer of any Loan and any Revolving Commitment to a
Lender. Notwithstanding the foregoing, (a) if any Letter of Credit is outstanding, no Lender may Transfer its payment obligations,
matured or contingent, owing to any LC Issuing Bank under Section 2.3(c)(ii) or with respect to L/C Advances under Section
2.3(c)(iii) unless (A) such


 






    
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Transfer
is to a Revolving Lender or (B) each LC Issuing Bank has approved such Transfer (such approval not to be unreasonably withheld,
conditioned or delayed); provided that each LC Issuing Bank shall be deemed to have consented to such Transfer unless it
objects thereto by written notice to Administrative Agent and the assigning Lender within ten (10) Business Days after having
received written notice thereof; or (b) if a Swingline Loan has been made, no Lender may Transfer its payment obligations, owing
to any Swingline Lender under Section 2.2(e) unless (A) such Transfer is to a Revolving Lender or (B) the Swingline Lender
has approved such Transfer (such approval not to be unreasonably withheld, conditioned or delayed); provided that the Swingline
Lender shall be deemed to have consented to such Transfer unless it objects thereto by written notice to Administrative Agent
and the assigning Lender within ten (10) Business Days after having received written notice thereof.


 


		(d)	Mechanics.



 


(i)                
Assignments and assumptions of Loans and Revolving Commitments shall only be effected by execution and delivery to Administrative
Agent of an Assignment Agreement together with a processing and recordation fee in the amount of three thousand five hundred Dollars
($3,500); provided, however, that Administrative Agent may, in its sole discretion, elect to waive such processing
and recordation fee in the case of any assignment. Assignments made pursuant to the foregoing provision shall be effective as
of the effective date specified in each Assignment Agreement (the “Assignment Effective Date”). Any assignee
of any Lender under Section 10.6(c) (an “Assignee”) shall, if not already a Lender, deliver to
Administrative Agent an administrative questionnaire in which the Assignee designates one or more credit contacts to whom all
syndicate-level information (which may contain material non-public information about Borrowers, their Affiliates and their related
parties or their respective securities) will be made available and who may receive such information in accordance with the Assignee’s
compliance procedures and applicable Governmental Rules, including Federal, state and provincial securities laws. In connection
with all assignments there shall also be delivered to Administrative Agent and Borrowers such forms, certificates or other evidence,
if any, with respect to United States federal tax withholding matters as the assignee under such Assignment Agreement may be required
to deliver pursuant to Section 2.18(g).


 


(ii)              
In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall
be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall
make such additional payments to Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate
(which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions,
including funding, with the consent of Borrowers and Administrative Agent, the applicable share of Loans previously requested
but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to Administrative Agent, LC Issuing
Banks, and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full
Pro Rata Share of all Loans and participations in Letters of Credit. Notwithstanding the foregoing, in the event


 






    
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that
any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Governmental
Rules without compliance with the provisions of this Section 10.6(d)(ii), then the assignee of such interest shall be deemed
to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.


 


(e)               
Effect of Assignment. Subject to the terms and conditions of this Section 10.6 (including recordation
of the assignment in the Register pursuant to Section 10.6(b)), as of the “Assignment Effective Date”
(i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent of its
interest in the Loans and Revolving Commitments as reflected in the Register and shall thereafter be a party hereto and a “Lender”
for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder
have been assigned to the assignee, relinquish its rights (other than any rights which survive the termination hereof under Section 10.8)
and be released from its obligations hereunder (and, in the case of an assignment covering all or the remaining portion of an
assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto on the Assignment Effective
Date; provided, anything contained in any of the Credit Documents to the contrary notwithstanding, (y) an assigning
LC Issuing Bank shall continue to have all rights and obligations thereof with respect to such Letters of Credit until the cancellation
or expiration of such Letters of Credit and the reimbursement of any amounts drawn thereunder and (z) such assigning Lender
shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising
out of the prior involvement of such assigning Lender as a Lender hereunder to the extent provided hereunder); provided
that, except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute
a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender; (iii) the
Revolving Commitments shall be modified to reflect the Revolving Commitment of such assignee; and (iv) if any such assignment
occurs after the issuance of any Note hereunder, the assigning Lender shall, upon the effectiveness of such assignment or as promptly
thereafter as practicable, surrender its applicable Notes to Administrative Agent for cancellation, and thereupon Borrowers, at
its expense, shall issue and deliver new Notes, if so requested by the assignee or assigning Lender, to such assignee or to such
assigning Lender, with appropriate insertions, to reflect the new Revolving Commitments or outstanding Loans of the assignee or
the assigning Lender. Any Transfer by a Lender of rights or obligations under this Agreement that does not comply with Section
10.6(c) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations
in accordance with Section 10.6(f).


 


(f)               
Participations. Each Lender shall have the right at any time to sell one or more participations to (i) any Eligible
Assignee or (ii) any bank, trust company or other financial institution that has a tangible net worth of at least five hundred
million Dollars ($500,000,000) and has outstanding unguaranteed and unsecured long-term indebtedness which is rated “BBB”
or better by S&P, “Baa2” or better by Moody’s or “BBB” or better by Fitch (subject to Section
10.6(g)), in each case in all or any part of its Revolving Commitments, Loans (including such Lender’s participations
in L/C Obligations and Swingline Loans) or in any other Obligation. The holder of any such participation, other than an Affiliate
of the Lender granting such participation, shall not be entitled or permitted to require such Lender to take or omit to take any
action hereunder (except as set forth in any agreement between the applicable Lender and the holder of any such participation
with respect to (solely) (i) an extension of the final maturity of any Loan


 






    
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in
which such participant is participating, (ii) a reduction in the principal amount of any Loan in which such participant is participating,
(iii) consent to the assignment or transfer by any Borrower of its obligations under this Agreement or (iv) release of all or
substantially all of the Collateral (taken as a whole) under the Collateral Documents). Borrowers agree that each participant
shall be entitled to the benefits of Sections 2.16(c), 2.17 and 2.18 (it being understood that the documentation
required under Section 2.18(g) shall be delivered to the Lender who sells the participation) to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to Section 10.6(c); provided, (1) a participant
shall not be entitled to receive any greater payment under Sections 2.16(c), 2.17 or 2.18 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such participant, unless the sale of such
participation to such participant is made with Borrowers’ prior written consent, (2) a participant shall not be entitled
to the benefits of Section 2.18 unless such participant complies with Section 2.18 as though it were a Lender and
(3) a participant agrees to be subject to the provisions of Sections 2.19 and 2.21 as if it were an assignee under
Section 10.6(c). Each Lender that sells a participation agrees, at Borrowers’ request and expense, to use reasonable
efforts to cooperate with Borrowers to effectuate the provisions of Section 2.19 with respect to any participant. To the
extent permitted by Governmental Rules, each participant also shall be entitled to the benefits of Section 10.4 as though
it were a Lender, provided, such participant agrees to be subject to Section 2.15 as though it were a Lender. Each Lender
that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of Borrowers, maintain a register on
which it enters the name and address of each participant and the principal amounts (and stated interest) of each participant’s
interest in the Loans or other Obligations under the Credit Documents (the “Participant Register”); provided
that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity
of any participant or any information relating to a participant’s interest in any Revolving Commitments, Loans, Letters
of Credit or other Obligations under any Credit Document) to any Person except to the extent that such disclosure is necessary
to establish that such Revolving Commitment, Loan, Letter of Credit or other Obligation is in registered form under Treasury Regulations
section 5f.103-1(c). The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall
treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this
Agreement notwithstanding any notice to the contrary. Administrative Agent (in its capacity as Administrative Agent) shall have
no responsibility for maintaining a Participant Register.


 


(g)              
Certain Other Assignments. In addition to any other assignment permitted pursuant to this Section 10.6,
any Lender may assign or pledge all or any portion of its Revolving Loans, the other Obligations owed by or to such Lender, and
its Notes, if any, to secure obligations of such Lender including any Federal Reserve Bank or any pledge or assignment to any
holders of obligations owed, or securities issued, by such Lender as collateral security for such obligations or securities, or
to any trustee for, or any other representative of, such holders as collateral security pursuant to Regulation A of the Board
of Governors of the Federal Reserve System and any operating circular issued by such Federal Reserve Bank; provided, no
Lender, as between Borrowers and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment
and pledge, and provided further, in no event shall the applicable Federal Reserve Bank, pledgee or trustee be considered
to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder.


 






    
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(h)              
Resignation as LC Issuing Bank after Assignment. Notwithstanding anything to the contrary contained herein, if at
any time an LC Issuing Bank assigns all of its Revolving Commitment and Revolving Loans pursuant to Section 10.6(c) above,
such LC Issuing Bank may, upon sixty (60) days’ notice to Borrowers and the Lenders, resign as LC Issuing Bank. In the event
of any such resignation as LC Issuing Bank, Borrowers shall be entitled to appoint among the Lenders a successor LC Issuing Bank
which accepts such appointment hereunder; provided, however, that no failure by Borrowers to appoint any such successor
shall affect the resignation of such LC Issuing Bank. The retiring LC Issuing Bank shall retain all the rights, powers, privileges
and duties of the LC Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the effective date of its
resignation as LC Issuing Bank and all L/C Obligations with respect thereto (including the right to require the Lenders to make
Base Rate Loans or CDOR Loans or fund risk participations with respect to L/C Borrowings pursuant to Section 2.3(c)). Upon
the appointment of and acceptance by a successor LC Issuing Bank, (x) such successor shall succeed to and become vested with all
of the rights, powers, privileges and duties of the retiring LC Issuing Bank and (y) the successor LC Issuing Bank shall issue
letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other
arrangements satisfactory to the retiring LC Issuing Bank to effectively assume the obligations of such retiring LC Issuing Bank
with respect to such Letters of Credit.


 


10.7         
Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular action
or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise
be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action
is taken or condition exists.


 


10.8         
Survival of Representations, Warranties and Agreements. All representations, warranties and agreements made herein
and in any other Credit Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith
shall survive the execution and delivery hereof and the making of any Credit Extension. Such representations and warranties have
been or will be relied upon by Administrative Agent and each Lender, regardless of any investigation made by Administrative Agent
or any Lender or on their behalf and notwithstanding that Administrative Agent or any Lender may have had notice or knowledge
of any Default or Event of Default at the time of any Credit Extension, and shall continue in full force and effect as long as
any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.
Notwithstanding anything herein or implied by law to the contrary, the agreements of each Credit Party set forth in Sections 2.16,
2.17, 2.18, 2.19, 2.20, 10.1, 10.2, 10.3 and 10.4 and the agreements of
Lenders set forth in Sections 2.15, 2.18, 10.1 and 10.10 and Section 9 shall survive the payment
of the Loans, the cancellation or expiration of the Letters of Credit, the reimbursement of any amounts drawn thereunder, and
the termination hereof.


 


10.9         
No Waiver; Remedies Cumulative. No failure or delay on the part of any Agent or any Lender in the exercise of any power,
right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to
be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege
preclude other or further exercise thereof or of any other power, right or


 






    
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privilege.
The rights, powers and remedies given to each Agent and each Lender hereby are cumulative and shall be in addition to and independent
of all rights, powers and remedies existing by virtue of any Governmental Rule or in any of the other Credit Documents. Any forbearance
or failure to exercise, and any delay in exercising, any right, power or remedy hereunder shall not impair any such right, power
or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy.


 


Notwithstanding
anything to the contrary contained herein or in any other Credit Document, the authority to enforce rights and remedies hereunder
and under the other Credit Documents against the Credit Parties or any of them shall be vested exclusively in, and all actions
and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, Administrative Agent
in accordance with Section 8.1 for the benefit of all the Lenders and the LC Issuing Banks; provided, however,
that the foregoing shall not prohibit (a) Administrative Agent from exercising on its own behalf the rights and remedies
that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Credit Documents, (b) any
LC Issuing Bank from exercising the rights and remedies that inure to its benefit (solely in its capacity as LC Issuing Bank,
as the case may be) hereunder and under the other Credit Documents, (c) any Swingline Lender from exercising the rights and
remedies that inure to its benefit (solely in its capacity as Swingline Lender, as the case may be) hereunder and under the other
Credit Documents, (d) any Lender from exercising setoff rights in accordance with Section 10.4 (subject to the terms
of Section 2.15), or (e) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf
during the pendency of a proceeding relative to any Credit Party under any Debtor Relief Law; and provided, further,
that if at any time there is no Person acting as Administrative Agent hereunder and under the other Credit Documents, then (i) the
Required Lenders shall have the rights otherwise ascribed to Administrative Agent pursuant to Section 8.1 and (ii) in
addition to the matters set forth in clauses (b), (c), (d) and (e) of the preceding proviso and subject to Section
2.15, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized
by the Required Lenders.


 


10.10     
Marshalling; Payments Set Aside. Neither any Agent nor any Lender shall be under any obligation to marshal any assets
in favor of any Credit Party or any other Person or against or in payment of any or all of the Obligations. To the extent that
any Credit Party makes a payment or payments to Administrative Agent or Lenders (or to Administrative Agent, on behalf of Lenders),
or Administrative Agent or Lenders enforce any security interests or exercise their rights of setoff, and such payment or payments
or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential,
set aside or required to be repaid to a trustee, receiver or any other party under any Debtor Relief Law, any other state, provincial
or federal Governmental Rule or any equitable cause, then, to the extent of such recovery, the obligation or part thereof originally
intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full
force and effect as if such payment or payments had not been made or such enforcement or setoff had not occurred. Each Lender
and LC Issuing Bank severally agrees to pay to Administrative Agent upon demand its applicable share (without duplication) of
any amount so recovered from or repaid by Administrative Agent, plus interest thereon from the date of such demand to the date
such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect, in the applicable
currency of such recovery or payment. The obligations of the


 






    
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Lenders
and LC Issuing Banks under the preceding sentence shall survive the payment in full of the Obligations and the termination of
this Agreement.


 


10.11     
Severability. In case any provision in or obligation hereunder or any Note shall be invalid, illegal or unenforceable
in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision
or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.


 


10.12     
Obligations Several; Independent Nature of Lenders’ Rights. The obligations of Lenders hereunder are several
and not joint and no Lender shall be responsible for the obligations or Revolving Commitment of any other Lender hereunder or
to make payments pursuant to Section 10.3(c). Nothing contained herein or in any other Credit Document, and no action taken
by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture
or any other kind of entity. The failure of any Lender to make any Loan, to fund any such participation or to make any payment
under Section 10.3(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation
to do so on such date, and no Lender shall be responsible for failure of any other Lender to so make its Loan, to purchase its
participation or to make its payment under Section 10.3(c). The amounts payable at any time hereunder to each Lender shall
be a separate and independent debt, and, subject to Section 9.7(b), each Lender shall be entitled to protect and enforce
its rights arising out hereof and it shall not be necessary for any other Lender to be joined as an additional party in any proceeding
for such purpose.


 


10.13     
No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including
in connection with any amendment, waiver or other modification hereof or of any other Credit Document), Borrowers and each other
Credit Party acknowledges and agrees that: (i) (A) the services regarding this Agreement provided by Agents, LC Issuing Banks
and the Lenders are arm’s-length commercial transactions between Borrowers, each other Credit Party and their respective
Affiliates, on the one hand, and Agents, LC Issuing Banks and the Lenders, on the other hand, (B) Borrowers and each other
Credit Party have consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and
(C) Borrowers and each other Credit Party are capable of evaluating, and understand and accept, the terms, risks and conditions
of the transactions contemplated hereby and by the Credit Documents; (ii) (A) each Agent, each LC Issuing Bank and Lender
is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been,
is not, and will not be acting as an advisor, agent or fiduciary for Borrowers, any other Credit Party or any of their respective
Affiliates, or any other Person and (B) neither any Agent, any LC Issuing Bank nor any Lender has any obligation to Borrowers,
any other Credit Party or any of their respective Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other Credit Documents; and (iii) Agents, LC Issuing Banks and the Lenders
and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those
of Borrowers, the other Credit Parties and their respective Affiliates, and neither any Agent, any LC Issuing Bank nor any Lender
has any obligation to disclose any of such interests to Borrowers, any other Credit Party or any of their respective Affiliates.
To the fullest extent permitted by law, each of Borrowers and each other Credit Party hereby waives and releases any claims that
it may have


 






    
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against
Agents, LC Issuing Banks or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection
with any aspect of any transaction contemplated hereby.


 


10.14     
Headings. Section headings herein are included herein for convenience of reference only and shall not constitute a
part hereof for any other purpose or be given any substantive effect.


 


10.15     
APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK.


 


10.16     
CONSENT TO JURISDICTION. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY CREDIT PARTY ARISING OUT OF OR RELATING HERETO OR
ANY OTHER CREDIT DOCUMENT, OR ANY OF THE OBLIGATIONS, MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN
THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH CREDIT PARTY, FOR ITSELF AND IN CONNECTION
WITH ITS PROPERTIES, IRREVOCABLY (a) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NON-EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS
(OTHER THAN WITH RESPECT TO ACTIONS BY ANY AGENT IN RESPECT OF RIGHTS UNDER ANY COLLATERAL DOCUMENT GOVERNED BY THE GOVERNMENTAL
RULES OTHER THAN THE GOVERNMENTAL RULES OF THE STATE OF NEW YORK OR WITH RESPECT TO ANY COLLATERAL SUBJECT THERETO); (b) WAIVES
ANY DEFENSE OF FORUM NON CONVENIENS; (c) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY
BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE CREDIT PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE
WITH SECTION  10.1; (d) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (c) ABOVE IS SUFFICIENT TO CONFER PERSONAL
JURISDICTION OVER THE APPLICABLE CREDIT PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND
BINDING SERVICE IN EVERY RESPECT; AND (e) AGREES AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY GOVERNMENTAL RULES OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER JURISDICTION.


 


10.17     
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY HEREBY AGREES TO WAIVE, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE GOVERNMENTAL RULES, ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR DIRECTLY OR
INDIRECTLY ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER
OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). THE


 






    
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SCOPE
OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE
SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND
STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP,
THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER
IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL
COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER
IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY
REFERRING TO THIS SECTION  10.17 AND EXECUTED BY THE PARTY AGAINST WHICH ENFORCEMENT IS SOUGHT), AND THIS WAIVER SHALL
APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY
OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS
A WRITTEN CONSENT TO A TRIAL BY THE COURT. EACH PARTY HERETO CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OR ANY OTHER
PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE
THE FOREGOING WAIVER.


 


		10.18	Usury Savings Clause.



 


(a)               
Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any of the Obligations,
including all charges or fees in connection therewith deemed in the nature of interest under applicable Governmental Rules shall
not exceed the Highest Lawful Rate. If the rate of interest (determined without regard to the preceding sentence) under this Agreement
at any time exceeds the Highest Lawful Rate, the outstanding amount of the Revolving Loans made hereunder shall bear interest
at the Highest Lawful Rate until, to the extent permitted by Governmental Rules, the total amount of interest due hereunder equals
the amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at
all times been in effect. In addition, if when the Revolving Loans made hereunder are repaid in full the total interest due hereunder
(taking into account the increase provided for above) is less than the total amount of interest which would have been due hereunder
if the stated rates of interest set forth in this Agreement had at all times been in effect, then to the extent permitted by Governmental
Rules, Borrowers shall pay to Administrative Agent an amount equal to the difference between the amount of interest paid and the
amount of interest which would have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the
foregoing, it is the intention of Lenders and Borrowers to conform strictly to any applicable usury laws. Accordingly, if any
Lender contracts for, charges, or receives any consideration which constitutes interest in excess of the Highest Lawful Rate,
then any such


 






    
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excess
shall be deemed to be adjusted to the Highest Lawful Rate as if such excess had never existed, cancelled automatically and, if
previously paid, shall at such Lender’s option be applied to the outstanding amount of the Revolving Loans made hereunder
or be refunded to Borrowers.


 


(b)              
Canadian Usury. If any provision of this Agreement would obligate the Canada Borrower to make any payment of interest
or other amount payable to any Lender domiciled in Canada in an amount or calculated at a rate which would be prohibited by law
or would result in a receipt by that Lender of “interest” at a “criminal rate” (as such terms are construed
under the Criminal Code (Canada)), then, notwithstanding such provision, such amount or rate shall be deemed to have been adjusted
with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by law or
so result in a receipt by such Lender domiciled in Canada of “interest” at a “criminal rate”, such adjustment
to be effected, to the extent necessary (but only to the extent necessary), as follows: (i) first, by reducing the amount or rate
of interest or the amount or rate of any Letter of Credit Fee required to be paid to the affected Lender under Section 2.10(b)(ii),
and (ii) thereafter, by reducing any fees, commissions, premiums and other amounts required to be paid to the affected Lender
which would constitute interest for purposes of Section 347 of the Criminal Code (Canada).


 


10.19     
Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered
shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of
an executed counterpart of a signature page of this Agreement by facsimile or in electronic format (i.e., “pdf” or
“tif” shall be effective as delivery of an original executed counterpart of this Agreement.


 


10.20     
Effectiveness. This Agreement shall become effective upon the execution of a counterpart hereof by each of the parties
hereto and receipt by Borrowers and Administrative Agent of written, electronic or telephonic notification of such execution and
authorization of delivery thereof.


 


10.21     
Patriot Act. Each Lender and Administrative Agent (for itself and not on behalf of any Lender) hereby notifies Borrowers
that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies Borrowers,
which information includes the name and address of Borrowers and other information that will allow such Lender or Administrative
Agent, as applicable, to identify Borrowers in accordance with the Act.


 


10.22     
Canadian AML Legislation. Each Borrower acknowledges that, pursuant to the Proceeds of Crime (Money Laundering)
and Terrorist Financing Act (Canada) and other applicable Canadian anti-money laundering, anti-terrorist financing, government
sanction and “know your client” laws (collectively, including any guidelines or orders thereunder and all as amended
from time to time or any successors thereto, “Canadian AML Legislation”), Administrative Agent and Lenders
may be required to obtain, verify and record information regarding Borrowers and their respective directors, authorized signing
officers, direct or indirect shareholders or other Persons in control of Borrowers, and the transactions contemplated hereby and
in that regard, without limiting the generality of the foregoing, may require that the authorized signing officers who will be
signing this Agreement, and other Credit Documents (each, a “signatory”) shall have made themselves available
to Administrative Agent or Lender in


 






    
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person,
and shall have produced to Administrative Agent or Lender a minimum of two unexpired identification documents (at least one of
which must be a birth certificate, driver’s license, passport, provincial health insurance card, if permitted by the applicable
provincial Governmental Rules, or other government-issued document) and permitted examination and the making of copies of same
with a view to Administrative Agent or Lender gathering the full names of, and the dates of birth of each such signatory, the
type of identification document examined, the reference numbers of each of the identification documents examined (collectively,
the “Personal Information”) and such Personal Information (together with photocopies of each identification
document examined) shall have been provided to Lender on or prior to the date hereof. Each Borrower shall promptly provide all
such information, including supporting documentation and other evidence, as may be reasonably requested by Administrative Agent
or Lender, or any prospective assignee or participant of a Lender, in order to comply with the Canadian AML Legislation.


 


10.23     
Electronic Execution of Assignments. The words “execution,” “signed,” “signature,”
and words of like import in any Assignment Agreement shall be deemed to include electronic signatures or the keeping of records
in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature
or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Governmental
Rules, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures
and Records Act, or any other similar state Governmental Rules based on the Uniform Electronic Transactions Act.


 


10.24     
Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder
or any other Credit Document in one currency into another currency, the rate of exchange used shall be that at which in accordance
with normal banking procedures Administrative Agent could purchase the first currency with such other currency on the Business
Day preceding that on which final judgment is given. The obligation of Borrowers or Guarantors, as applicable, in respect of any
such sum due from it to Administrative Agent, any LC Issuing Bank or any Lender hereunder or under the other Credit Documents
shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum
is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be
discharged only to the extent that on the Business Day following receipt by Administrative Agent, such LC Issuing Bank or such
Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, Administrative Agent, such LC Issuing Bank
or such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the
Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to Administrative
Agent, any LC Issuing Bank or any Lender from Borrowers or Guarantors, as applicable, in the Agreement Currency, Borrowers or
Guarantors, as applicable, agree, as a separate obligation and notwithstanding any such judgment, to indemnify Administrative
Agent, such LC Issuing Bank or such Lender, as the case may be, against such loss. If the amount of the Agreement Currency so
purchased is greater than the sum originally due to Administrative Agent, any LC Issuing Bank or any Lender in such currency,
Administrative Agent, such LC Issuing Bank or such Lender, as the case may be, agrees to return the amount of any excess to Borrowers
or Guarantors, as applicable (or to any other Person who may be entitled thereto under applicable Governmental Rules).


 






    
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10.25     
ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN
ORAL AGREEMENTS AMONG THE PARTIES.


 


10.26     
No Recourse to Sponsor or Pledgors. Anything herein to the contrary notwithstanding, the obligations of the Credit
Parties under this Agreement and the other Credit Documents, and any certificate, notice, instrument or document delivered pursuant
hereto or thereto are obligations of the Credit Parties, as applicable, and do not constitute a debt or obligation of (and no
recourse shall be had with respect thereto to) the Sponsor or the Pledgors or any of their Affiliates, or any shareholder, partner,
member, officer, director or employee of the Sponsor, the Pledgors or such Affiliates, other than the Credit Parties (collectively,
the “Non-Recourse Parties”), except to the extent of the obligations of any such Non-Recourse Party expressly
provided for in any of the Credit Documents. Except for actions under or in respect of the Credit Documents to which they are
a party, no action shall be brought against the Non-Recourse Parties, and no judgment for any deficiency upon the obligations
hereunder or under the other Credit Documents, shall be obtainable by any Secured Party against the Non-Recourse Parties; provided
that nothing contained in this Section 10.26 shall be deemed to release any Non-Recourse Party from liability for its
own fraudulent actions or willful misconduct.


 


10.27     
Disclaimer. NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY AND WITHOUT LIMITING SECTION 10.3(d),
TO THE EXTENT PERMITTED BY APPLICABLE GOVERNMENT RULES, NO CLAIM MAY BE MADE BY ANY CREDIT PARTY OR ANY OF ITS AFFILIATES AGAINST
ANY INDEMNITEE OR ANY OF THEIR RESPECTIVE AFFILIATES FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES IN RESPECT OF
ANY CLAIM FOR BREACH OF CONTRACT OR ANY OTHER THEORY OF LIABILITY ARISING OUT OF OR RELATING TO, OR ANY ACT, OMISSION OR EVENT
OCCURRING IN CONNECTION WITH THIS AGREEMENT OR THE OTHER CREDIT DOCUMENTS, AND EACH CREDIT PARTY (ON BEHALF OF ITSELF AND ITS
AFFILIATES) HEREBY WAIVES, RELEASES AND AGREES NOT TO SUE UPON ANY CLAIM FOR ANY SUCH DAMAGES, WHETHER OR NOT ACCRUED AND WHETHER
OR NOT KNOWN OR SUSPECTED TO EXIST IN ITS FAVOR.


 


10.28     
Treatment of Certain Information; Confidentiality. Each of the Administrative Agent, the Lenders and the LC Issuing
Banks agree to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to
each of their Affiliates and Related Parties who have a reason to receive such Information (it being understood that the Persons
to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential); (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such
Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners);
(c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process; (d) to any
other party hereto; (e) as required for the exercise of any remedies hereunder or under any other Credit Document or any
action or proceeding relating to this Agreement or any other Credit Document or the enforcement


 






    
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of
rights hereunder or thereunder; (f) subject to an agreement containing provisions substantively the same as those of this
Section 10.28, to (i) any assignee of or participant in, or any prospective assignee of or participant in, any of
its rights and obligations under this Agreement, or (ii) any actual or prospective party (or its Related Parties) to any swap,
derivative or other transaction under which payments are to be made by reference to a Borrower and its obligations, this Agreement
or payments hereunder, but, in the case of each of (i) and (ii), only to the extent such Person is an Eligible Assignee; (g) on
a confidential basis, with approval of the Borrowers, to (i) any rating agency in connection with rating the Borrowers or their
Subsidiaries or the Credit Facilities or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and
monitoring of CUSIP numbers with respect to the Credit Facilities; (h) with the consent of the Borrowers; or (i) to the extent
such Information (x) becomes publicly available other than as a result of a breach of this Section 10.28 or any other
confidentiality obligations between the parties or (y) becomes available to the Administrative Agent, any Lender, any LC
Issuing Bank or any of their respective Affiliates on a nonconfidential basis from a source other than any Covered Party or any
of its Related Parties. In addition, the Administrative Agent, the Lenders and the LC Issuing Banks may disclose the existence
of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry
and service providers to the Agents, the Lenders or the LC Issuing Banks in connection with the administration of this Agreement,
the other Credit Documents, and the Commitments.


 


For
purposes of this Section, “Information” means all information received from the Borrowers or any of their Subsidiaries,
the Sponsor or any Pledgor (together the “Covered Parties”) or any Related Party thereof, relating to any Covered
Parties or any of their respective businesses, other than any such information that is available to the Administrative Agent,
any Lender or any LC Issuing Bank on a nonconfidential basis prior to disclosure by any Covered Party. Any Person required to
maintain the confidentiality of Information as provided in this Section 10.28 shall be considered to have complied with
its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information
as such Person would accord to its own confidential information.


 


10.29     
Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any
Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any EEA Financial Institution arising under any Credit Document, to the extent such liability is unsecured,
may be subject to the write-down and conversion powers of an EEA Resolution Authority and each party hereto agrees and consents
to, and acknowledges and agrees to be bound by:


 


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


 


(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;


 






    
	 	-164-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


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


 


the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution
Authority.


 


		10.30	Amendment and Restatement.



 


Subject
to Section 2.1(a)(i) and Section 2.3(a)(i)(A), each of the parties hereto agrees as follows:


 


(a)               
this Agreement shall not constitute a novation of the obligations and liabilities of the parties under the Existing Credit
Agreement or the other Credit Documents as in effect prior to the Closing Date and that remain outstanding as of the Closing Date;


 


(b)              
this Agreement (including all Exhibits and Schedules) shall amend, restate and replace in its entirety the Existing Credit
Agreement (including all exhibits and schedules attached thereto) on the Closing Date and the Existing Credit Agreement (including
all exhibits and schedules attached thereto) shall thereafter be of no further force and effect, except to evidence (i) the incurrence
by the Borrowers of the “Obligations” (under and as defined in the Existing Credit Agreement), whether or not such
“Obligations” are contingent as of the Closing Date and (ii) the representations and warranties made by the Credit
Parties prior to the Closing Date (which representations and warranties shall not be superseded or rendered ineffective by this
Agreement as they pertain to the period prior to the Closing Date);


 


(c)               
from and after the Closing Date, all references to the “Credit Agreement” contained in the Credit Documents
shall be deemed to refer to this Agreement and all references to any Article or Section (or subsection) of this Agreement in any
other Credit Document shall be amended to become references to the corresponding provisions of this Agreement;


 


(d)              
all Obligations (as such Obligations may be amended, restated, supplemented or otherwise modified by this Agreement on
the Closing Date) shall continue to be valid, enforceable and in full force and effect and not be impaired, in any respect, by
the effectiveness of this Agreement; and


 


(e)               
this amendment and restatement shall be limited as written and not be a consent to any other amendment, restatement, supplement,
waiver or other modification, whether or not similar and, except as expressly provided herein or in any other Credit Document,
all terms and conditions of the Credit Documents remain in full force and effect unless otherwise specifically amended hereby.


 


[Signature
pages follow]


 




    
	 	-165-	CREDIT AGREEMENT (PATTERN REVOLVER)




     


    

 


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


 






	 	Pattern
US FINANCE COMPANY LLC,
	 	as US Borrower
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President






 






	 	Pattern Canada FINANCE COMPANY ULC,
	 	as Canada Borrower
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President










 






	 	Pattern
Gulf Wind Equity LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President










    [SIGNATURE PAGE TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (PATTERN REVOLVER)]


     


    












 






	 	Hatchet
Ridge Holdings LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President



 


	 	Nevada
Wind Holdings LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President




 










	 	Santa
Isabel Holdings LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President








 






	 	Ocotillo
WIND HOLDINGS LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President





    [SIGNATURE PAGE TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (PATTERN REVOLVER)]


     


    

 



	 	PANHANDLE
WIND HOLDINGS LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President



 














	 	PANHANDLE
B MEMBER 2 LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President



  







	 	Lost
Creek Wind Finco, LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President








    [SIGNATURE PAGE TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (PATTERN REVOLVER)]


     


    




 






	 	Lincoln
County Wind Project Holdco, LLC,

	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President





 









	 	Logan’s
Gap B Member LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President








 














	 	Fowler
Ridge IV B Member LLC,
	 	as
Guarantor and US Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President












 






	 	Broadview
Finco Pledgor LLC,
	 	as Guarantor and US Restricted
Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President



  


    [SIGNATURE PAGE TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (PATTERN REVOLVER)]


     


    



 







	 	Pattern
St. Joseph Holdings Inc.,
	 	as
Canada Restricted Holding Company Subsidiary
	 	 
	 	 
	 	By: 	/s/ Dyann Blaine
	 		Name: Dyann Blaine
	 	 	Title:
 Vice President










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	 	ROYAL
BANK OF CANADA,
	 	ACTING
THROUGH ITS NEW YORK BRANCH,
	 	as
Administrative Agent
	 	 
	 	 
	 	By: 	/s/ Yvonne, Brazier
	 		Name: Yvonne, Brazier
	 	 	Title:
 Manager, Agency










 




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	 	ROYAL
BANK OF CANADA,
	 	ACTING
THROUGH ITS NEW YORK BRANCH,
	 	as
Collateral Agent
	 	 
	 	 
	 	By: 	/s/ Yvonne, Brazier
	 		Name: Yvonne, Brazier
	 	 	Title:
 Manager, Agency







 




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	 	ROYAL
BANK OF CANADA,
	 	ACTING
THROUGH ITS NEW YORK BRANCH,
	 	as Revolving Lender,
Swingline Lender and LC Issuing Bank
	 	 
	 	 
	 	By: 	/s/ Frank Lambrinos
	 		Name: Frank Lambrinos
	 	 	Title:
 Authorized Signatory



 








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	 	BANK
OF MONTREAL,
	 	CHICAGO
BRANCH,
	 	as
Revolving Lender and LC Issuing Bank
	 	 
	 	 
	 	By: 	/s/ Brian L. Banke
	 		Name: Brian L. Banke
	 	 	Title:
 Managing Director



 








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	 	MORGAN STANLEY BANK, N.A.,
	 	as
Revolving Lender and LC Issuing Bank
	 	 
	 	 
	 	By: 	/s/ Michael King
	 		Name: Michael King
	 	 	Title:
 Authorized Signatory



 




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	 	CITIBANK,
N.A.,

	 	as
Revolving Lender and LC Issuing Bank
	 	 
	 	 
	 	By: 	/s/ Carl Cho
	 		Name: Carl Cho
	 	 	Title:
 Vice President



 




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	 	BANK OF AMERICA, N.A.,
	 	as
Revolving Lender and LC Issuing Bank
	 	 
	 	 
	 	By: 	/s/ Maggie Halleland
	 		Name: Maggie Halleland
	 	 	Title:
 Vice President



 





	 	BANK OF AMERICA, N.A. (Canada Branch),
	 	as
Revolving Lender
	 	 
	 	 
	 	By: 	/s/ Medina Sales de Andrade
	 		Name: Medina Sales de Andrade
	 	 	Title:
 Vice President



 




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	 	KEYBANK
NATIONAL ASSOCIATION,
	 	as
Revolving Lender
	 	 
	 	 
	 	By: 	/s/ Sukanya V. Raj
	 		Name: Sukanya V. Raj
	 	 	Title:
 Senior Vice President



  




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	 	MUFG UNION BANK, N.A.,
	 	 
	 	 
	 	By: 	/s/ Jeffrey Flagg
	 		Name: Jeffrey Flagg
	 	 	Title:
 Director



  




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	 	SUMITOMO
MITSUI BANKING CORPORATION,
	 	as
Revolving Lender
	 	 
	 	 
	 	By: 	/s/ Juan Kreutz
	 		Name: Juan Kreutz
	 	 	Title:
 Managing Director



  




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	 	SOCIETE
GENERALE,
	 	as
Revolving Lender
	 	 
	 	 
	 	By: 	/s/ Richard Bernal
	 		Name: Richard Bernal
	 	 	Title:
 Managing
Director



 








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	 	WELLS
FARGO BANK, 
	 	NATIONAL
ASSOCIATION,
	 	as
Revolving Lender
	 	 
	 	 
	 	By: 	/s/ Bobby Ausman
	 		Name: Bobby Ausman
	 	 	Title:
 Vice President



  




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	 	GOLDMAN
SACHS BANK USA, 
	 	as
Revolving Lender
	 	 
	 	 
	 	By: 	/s/ Rebecca Kratz
	 		Name: Rebecca Kratz
	 	 	Title:
Authorized Signatory



  




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Schedule
1.1(a)


 


Existing
Letters of Credit


 


		1.	Irrevocable Standby Letter of
                                         Credit No. 2012111500 in an aggregate face amount of $11,867,815.74, issued by Morgan
                                         Stanley Bank, N.A. in favor of Union Bank, N.A.






		2.	Irrevocable Standby Letter of
                                         Credit No. 94277/S25018 in an aggregate face amount of $5,156,467.53, issued by Royal
                                         Bank of Canada in favor of Union Bank, N.A.






		3.	Irrevocable Standby Letter of
                                         Credit No. 94277/S25052 in an aggregate face amount of $525,000.00, issued by Royal Bank
                                         of Canada in favor of Union Bank, N.A.






		4.	Irrevocable Standby Letter of
                                         Credit No. 69606325 in an aggregate face amount of $750,000.00, issued by Citibank, N.A.
                                         in favor of 1201 Louisiana Co. L.P.






		5.	Irrevocable Standby Letter of
                                         Credit No. 94277/S25306 in an aggregate face amount of $2,045,618.68, issued by Royal
                                         Bank of Canada in favor of Union Bank, N.A.






		6.	Irrevocable Standby Letter of
                                         Credit No. BMCH532659OS in an aggregate face amount of $7,066,666.00, issued by Bank
                                         of Montreal, Chicago, Illinois in favor of Credit Agricole Corporate and Investment Bank






		7.	Irrevocable Standby Letter of
                                         Credit No. 94277/S25129 in an aggregate face amount of $2,000,000.00, issued by Royal
                                         Bank of Canada in favor of Deutsche Bank Trust Company Americas






		8.	Irrevocable Standby Letter of
                                         Credit No. 94277/S25131 in an aggregate face amount of $2,000,000.00, issued by Royal
                                         Bank of Canada in favor of Deutsche Bank Trust Company Americas






		9.	Irrevocable Standby Letter of
                                         Credit No. 2013072400 in an aggregate face amount of $1,152,000.00, issued by Morgan
                                         Stanley Bank, N.A. in favor of Deutsche Bank Trust Company Americas






		10.	Irrevocable Standby Letter
                                         of Credit No. 69606449 in an aggregate face amount of $3,751,539.00, issued by Citibank,
                                         N.A. in favor of AMB Pier One, LLC








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Schedule
1.1(b)


 


Closing
Date Management


 


	Name	Title	Role
	Armistead,
    Hunter	Executive
    Director	Executive
    Management
	Elkort,
    Daniel	Director
    of Legal Services	General
    Counsel
	Garland,
    Michael	Chief
    Executive Officer	CEO
	Lyon,
    Michael	Chief
    Financial Officer	CFO
	Shugart,
    Christopher	Senior
    Vice President, Operations	Asset
Management & Construction




 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


Schedule
1.1(c)


 


Projects


 


	Wind Farm	Restricted
    Operating

    Company Subsidiary	Location	Nameplate
    Capacity

    (in MWs)	Restricted
    Holding

    Company Subsidiary
	Gulf
    Wind Project 	Pattern Gulf Wind
    LLC, a Delaware limited liability company (“Gulf Wind”) 	Texas	283.2	Pattern Gulf Wind
    Equity LLC, a Delaware limited liability company
	Hatchet
    Ridge Project 	Hatchet Ridge Wind,
    LLC, a Delaware limited liability company (“Hatchet Ridge”) 	California	101.2	Hatchet Ridge Holdings
    LLC, a Delaware limited liability company 
	Spring
    Valley Project	Spring Valley Wind
    LLC, a Nevada limited liability company (“Spring Valley”) 	Nevada	151.8	Nevada Wind Holdings
    LLC, a Delaware limited liability company
	Santa
    Isabel Project	Pattern Santa Isabel
    LLC, a Delaware limited liability company (“Santa Isabel”) 	Puerto
    Rico	101.2	Santa Isabel Holdings
    LLC, a Delaware limited liability company
	St.
    Joseph Project 	St. Joseph Windfarm
    Inc., a Canadian federal corporation (“St. Joseph”)	Manitoba	138.0	Pattern St. Joseph
    Holdings Inc., a Canadian federal corporation
	Ocotillo
    Wind Project	Ocotillo Express LLC,
    a Delaware limited liability company (“Ocotillo”)	California	265.0	Ocotillo Wind Holdings
    LLC, a Delaware limited liability company
	Panhandle
    Wind 1 Project	Pattern Panhandle
    Wind LLC, a Delaware limited liability company (“Panhandle I”)	Texas	218.0	Panhandle Wind Holdings
    LLC, a Delaware limited liability company
	Panhandle
    Wind 2 Project	Pattern Panhandle
    Wind 2 LLC, a Delaware limited liability company (“Panhandle II”)	Texas	182.0	Panhandle B Member
    2 LLC, a Delaware limited liability company
	Grand
    Renewable Wind Project	Grand Renewable Wind
    LP, an Ontario limited partnership (“Grand”)	Ontario	149.0	Grand Renewable Wind
    GP Inc., a Canada federal corporation
	South
    Kent Wind Project	South Kent Wind LP,
    an Ontario limited partnership (“South Kent”)	Ontario	270.0	South Kent Wind GP
    Inc., a Canada federal corporation
	Lost
    Creek Wind Project	Lost Creek Wind, LLC	Missouri	150.0	Lost Creek Wind Finco,
    LLC



 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


	Post
    Rock Wind Project	Post Rock Wind Power
    Project, LLC	Kansas	201.0	Lincoln County Wind
    Project Holdco, LLC
	Logan’s
    Gap Wind Project	Logan’s Gap
    Wind LLC	Texas	200.1	Logan’s Gap
    B Member LLC
	Amazon
    Wind Farm (Fowler Ridge)	Fowler Ridge IV Wind
    Farm LLC	Indiana	149.5	Fowler Ridge IV B
    Member LLC
	Broadview
    Wind	Broadview Energy KW,
        LLC

         

        Broadview Energy JN,
        LLC

         

        Western Interconnect
LLC
	New
        Mexico

         

        New
        Mexico

         

        Texas 
	324.0	Broadview Finco Pledgor
    LLC
	Meikle
    Wind Project	Meikle Wind Energy
    Limited Partnership	British
    Columbia	179.0	N/A






 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


Schedule
1.1(d)


 


Project
PPAs


 





1. Power Purchase and Sale
Agreement, dated as of November 20, 2008, between Pacific Gas and Electric Company and Hatchet Ridge Wind, LLC, as amended by
the Amendment Letter, dated as of March 30, 2009, between Pacific Gas and Electric Company and Hatchet Ridge Wind, LLC, as amended
by the Amendment Letter, dated as of June 12, 2009, between Pacific Gas and Electric Company and Hatchet Ridge Wind, LLC.


 


2. Power Purchase and Operating
Agreement, dated as of June 11, 2010, between Puerto Rico Electric Power Authority and Pattern Santa Isabel LLC, as amended by
Amendment No.1 to Power Purchase and Operating Agreement dated as of August 29, 2012.


 


3. Long-Term Firm Portfolio
Energy Credit and Renewable Power Purchase Agreement, dated as of January 28, 2010, between Nevada Power Company (d/b/a NV Energy)
and Spring Valley Wind LLC, as amended by the First Amendment to the Power Purchase Agreement between Nevada Power Company and
Spring Valley Wind LLC, dated as of August 6, 2010, between Nevada Power Company (d/b/a NV Energy) and Spring Valley Wind LLC,
as further amended by the Second Amendment to the Power Purchase Agreement between Nevada Power Company and Spring Valley Wind
LLC, dated as of October 13, 2010, between Nevada Power Company (d/b/a NV Energy) and Spring Valley Wind LLC.


 


4. Power Purchase Agreement
for Wind Generated Energy (Power Supply Business Unit), dated as of March 18, 2010, between the Manitoba Hydro-Electric Board
and St. Joseph Windfarm Inc.


 


5. Power Purchase Agreement,
dated as of February 1, 2011, between San Diego Gas & Electric Company and Ocotillo Express LLC, as amended by the First Amendment
to Power Purchase Agreement, dated as of September 28, 2011, between San Diego Gas & Electric Company and Ocotillo Express
LLC, as amended by the Second Amendment to Power Purchase Agreement, dated as of February 14, 2012, between San Diego Gas &
Electric Company and Ocotillo Express LLC, as amended by the Third Amendment to Power Purchase Agreement, dated as of September
14, 2012, between San Diego Gas & Electric Company and Ocotillo Express LLC.


 


6. Haldimand
Wind Project Power Purchase Agreement, dated as of August 2, 2011, between Ontario Power Authority and Grand Renewable Wind LP,
as amended by the Contract Amendment Agreement to the Haldimand Wind Project Power Purchase Agreement, dated as of January 29,
2013, between Ontario Power Authority and Grand Renewable Wind LP, as amended by the Contract Amendment Agreement to the Haldimand
Wind Project Power Purchase Agreement, dated as of August 22, 2013, between Ontario Power Authority and Grand Renewable Wind LP,
as amended by the Amended and Restated Contract Amendment Agreement to the Haldimand Wind Project Power Purchase Agreement, dated
as of August 22, 2013, between Ontario Power Authority and Grand Renewable Wind LP, as amended by the Facility Amendment Consent
Agreement, dated as of September 6, 2013, between Ontario Power Authority and Grand Renewable Wind LP, as amended by the Amending
Agreement RE:





 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


Extension
of Milestone Date for Commercial Operation RE ERT Delays dated November 15, 2013 between Ontario Power Authority and Grand Renewable
Wind LP.


 


7. South
Kent Wind Project Power Purchase Agreement, dated as of August 2, 2011, between Ontario Power Authority and South Kent Wind LP,
as amended by the Consent Agreement to the South Kent Wind Project Power Purchase Agreement dated as of December 4, 2012, as amended
by the Contract Amendment Agreement to the South Kent Wind Project Power Purchase Agreement, dated as of January 28, 2013, as
amended by the Contract Amendment Agreement to the South Kent Wind Project Power Purchase Agreement, dated as of July 25, 2013,
between Ontario Power Authority and South Kent Wind LP, as amended by the Amended and Restated Contract Amendment Agreement to
the South Kent Wind Project Power Purchase Agreement, dated as of November 15, 2013, between Ontario Power Authority and South
Kent Wind LP, as amended by the Amending Agreement RE: Extension of Milestone Date for Commercial Operation RE ERT Delays, dated
as of November 21, 2013, between Ontario Power Authority and South Kent Wind LP.


 


8. Panhandle
ISDA 2002 Master Agreement, dated as of August 8, 2013, between Citigroup Energy Inc. and Pattern Panhandle Wind LLC, as amended
by the Amended and Restated Schedule to the ISDA 2002 Master Agreement, dated as of August 19, 2013, Citigroup Energy Inc. and
Pattern Panhandle Wind LLC, as amended by Amendment No. 1 to the Amended and Restated Schedule to the ISDA 2002 Master Agreement,
dated as of December 2, 2013, Citigroup Energy Inc. and Pattern Panhandle Wind LLC, as amended by ISDA Amended and Restated Paragraph
13 to the Credit Support Annex to the Amended and Restated Schedule to the ISDA 2002 Master Agreement, dated as of August 19,
2013, Citigroup Energy Inc. and Pattern Panhandle Wind LLC, as amended by the Amended and Restated Power Confirmation, dated as
of August 19, 2013, Citigroup Energy Inc. and Pattern Panhandle Wind LLC.


 


9. Panhandle
II ISDA 2002 Master Agreement, dated as of December 12, 2013, between Morgan Stanley Capital Group Inc. and Pattern Panhandle
Wind 2 LLC, as amended by the Amended and Restated Schedule to the ISDA 2002 Master Agreement, dated as of December 20, 2013,
between Morgan Stanley Capital Group Inc. and Pattern Panhandle Wind 2 LLC, as amended by the ISDA Amended and Restated Paragraph
13 to the Credit Support Annex to the Amended and Restated Schedule to the ISDA 2002 Master Agreement, dated as of December 20,
2013, between Morgan Stanley Capital Group Inc. and Pattern Panhandle Wind 2 LLC, as amended by Amendment 1 to the ISDA Confirmation
to the ISDA 2002 Master Agreement, dated as of December 30, 2013, between Morgan Stanley Capital Group Inc. and Pattern Panhandle
Wind 2 LLC.


 


10. Gulf
Wind ISDA 1992 Master Agreement dated as of March 16, 2010 between Pattern Gulf Wind LLC and Credit Suisse Energy LLC, ISDA International
Swaps and Derivatives Association, Inc. Schedule to the 1992 Master Agreement dated as of March 16, 2010 between Pattern Gulf
Wind LLC and Credit Suisse Energy LLC, Elections and Variables to the ISDA Credit Support Annex (Paragraph 13.) dated as of March
16, 2010 between Pattern Gulf Wind LLC and Credit Suisse Energy LLC.


 


11. Renewable
Energy Purchase Agreement, dated as of December 6, 2010, between Westar


 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


Energy
Inc. and Post Rock Wind Power Project, LLC.


 


12.
Wind Generation Purchase Agreement, dated as of December 16, 2008, between Associated Electric Cooperative, Inc. and Lost Creek
Wind, LLC, as amended by that certain First Amendment to Wind Generation Purchase Agreement, dated as of October 14, 2009, and
as further amended by that certain Second Amendment to Wind Generation Purchase Agreement, dated as of April 21, 2010.


 


13.
Power Purchase Agreement, dated as of October 17, 2013, between Logan’s Gap Wind LLC and Wal-Mart Stores, Inc., as amended
by that certain First Amendment to Power Purchase Agreement, dated as of June 18, 2014, between Logan’s Gap Wind LLC and
Wal-Mart Stores, Inc., as amended by that certain Second Amendment to Power Purchase Agreement, dated as of December 9, 2014,
between Logan’s Gap Wind LLC and Wal-Mart Stores, Inc..


 


14.
Wind Project Development and Performance Agreement, dated as of December 19, 2014, by and among Fowler Ridge IV Wind Farm LLC
and Vadata, Inc, and any Power Purchase Agreement (as defined therein) with any Vadata Market Participant (as defined therein)
entered into pursuant thereto.


 


15.
Renewable Power Purchase and Sale Agreement, dated as of August 7, 2015, by and between Broadview Energy JN, LLC and Southern
California Edison Company, as amended by that certain Amendment No. 1 to the Renewable Power Purchase and Sale Agreement dated
as of June 28, 2016 and that certain Acknowledgement Letter dated as of June 28, 2016.


 


16.
Renewable Power Purchase and Sale Agreement, dated as of August 7, 2015, by and between Broadview Energy KW, LLC and Southern
California Edison Company, as amended by that certain Amendment No. 1 to the Renewable Power Purchase and Sale Agreement dated
as of June 28, 2016 and that certain Acknowledgement Letter dated as of June 28, 2016.


 


17.
Meikle Wind Project Electricity Purchase Agreement (Amendment Agreement), dated as of March 14, 2014, by and between Meikle Wind
Energy Limited Partnership, a limited partnership formed under the laws of British Columbia, represented by its general partner
Meikle Wind Energy Corp., a corporation incorporated under the laws of British Columbia, and British Columbia Hydro and Power
Authority, a corporation continued under the Hydro and Power Authority Act, R.S.B.C. 1996, c. 212.


 




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Schedule
2.1(a)(i)


 


Existing
Closing Date Loans


 


	Loan Type	Amount
	Eurodollar
    Rate Loan	$62,000,000.00
	Swingline
    Loans	$5,000,000.00
	Total	$67,000,000.00



 



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Schedule
3.1(e)


 


UCC or
PPSA Financing Statements To Be Terminated


 


 


 


 


None.



 






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Schedule
4.1


 


Jurisdictions
of Organization


 


	Credit
    Party	Jurisdiction
    of Organization
	Pattern
    US Finance Company LLC	Delaware
	Pattern
    Canada Finance Company ULC	Nova
    Scotia
	Pattern
    Gulf Wind Equity LLC	Delaware
	Nevada
    Wind Holdings LLC	Delaware
	Santa
    Isabel Holdings LLC	Delaware
	Pattern
    St. Joseph Holdings Inc. (but not a Guarantor)	Canada
	Hatchet
    Ridge Holdings LLC	Delaware
	Ocotillo
    Wind Holdings LLC	Delaware
	Panhandle
    Wind Holdings LLC	Delaware
	Panhandle
    B Member 2 LLC	Delaware
	Lost
    Creek Wind Finco, LLC	Delaware
	Lincoln
    County Wind Project Holdco, LLC	Delaware
	Logan’s
    Gap B Member LLC	Delaware
	Fowler
    Ridge IV B Member LLC	Delaware
	Broadview
    Finco Pledgor LLC	Delaware



 



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Schedule
4.2


 


Subsidiaries;
Capital Stock and Ownership


 


	Name of Subsidiary	Jurisdiction
    of Organization	Owner	Percentage
    and Class of Capital  Stock Owned
	Pattern
    Gulf Wind Equity LLC	Delaware	Pattern
    US Finance Company LLC (“PUSF”)	100%
    membership interest
	Pattern
    Gulf Wind Holdings LLC	Delaware	Pattern
    Gulf Wind Equity LLC	100%
    membership interest
	Nevada
    Wind Holdings LLC	Delaware	PUSF	100%
    membership interest
	Santa
    Isabel Holdings LLC	Delaware	PUSF	100%
    membership interest
	Hatchet
    Ridge Holdings LLC	Delaware	PUSF	100%
    membership interest
	Ocotillo
    Wind Holdings LLC	Delaware	PUSF	100%
    membership interest
	Pattern
    St. Joseph Holdings Inc.	Canada	Pattern
    Canada Finance Company ULC (“PCFC”)	100%
of outstanding shares (100

        Common shares 

	Pattern
    Gulf Wind LLC	Delaware	Pattern
    Gulf Wind Holdings LLC	100%
    membership interest
	Hatchet
    Ridge Wind, LLC	Delaware	Hatchet
    Ridge Holdings LLC	100%
    membership interest
	Spring
    Valley Wind LLC	Nevada	Nevada
    Wind Holdings LLC	100%
    membership interest
	Pattern
    Santa Isabel LLC	Delaware	Santa
    Isabel Holdings LLC	100%
    membership interest
	Ocotillo
    Express LLC	Delaware	Ocotillo
    Wind Holdings LLC	100%
    membership interest
	St.
    Joseph Windfarm Inc.	Canada	Pattern
    St. Joseph Holdings Inc.	100%
of outstanding shares

        (1,000,000
Common shares)




 






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	Name of Subsidiary	Jurisdiction
    of Organization	Owner	Percentage
    and Class of Capital  Stock Owned
	Panhandle
    Wind Holdings LLC	Delaware	PUSF	100%
    membership interest
	Panhandle
    B Holdco LLC	Delaware	Panhandle
    Wind Holdings LLC	100%
    membership interest
	Panhandle
    B Member LLC	Delaware	Panhandle
    B Holdco LLC	100%
    membership interest
	Pattern
    Panhandle Wind LLC	Delaware	Panhandle
    B Member LLC	100%
    Class B membership interest (127,175,000 Class B Units, approximately 38% of total outstanding membership interest)
	Panhandle
    B Member 2 LLC	Delaware	PUSF	100%
    membership interest
	Panhandle
    Wind Holdings 2 LLC	Delaware	Panhandle
    B Member 2 LLC	100%
    Class B membership interest (116,754,264 Class B Units, approximately 37% of total outstanding membership interest)
	Pattern
    Panhandle Wind 2 LLC	Delaware	Panhandle
    Wind Holdings 2 LLC	100%
    membership interest (indirectly PUSF holds 37% interest)
	Grand
    Renewable Wind GP Inc.	Canada	PCFC	50%
of outstanding shares (19,038 Common Shares)

	Grand
    Renewable Wind LP	Canada	PCFC
    and Grand Renewable Wind GP Inc.	45%
limited partner interest (PCFC) 0.02% general partner interest (Grand Renewable Wind GP Inc.)

	South
    Kent Wind GP Inc.	Canada	PCFC	50%
of outstanding shares (30,434 Common Shares)

	South
    Kent Wind LP	Canada	PCFC
    and South Kent Wind GP Inc.	50%
limited partner interest (PCFC) 0.02% general partner interest (South Kent Wind GP Inc.

	Lost
    Creek Wind Finco, LLC	Delaware	PUSF	100%
    membership interest



 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


	Name of Subsidiary	Jurisdiction
    of Organization	Owner	Percentage
    and Class of Capital  Stock Owned
	Lost
    Creek Wind Holdco, LLC	Delaware	Lost
    Creek Wind Finco, LLC	100%
    Class B membership interest (9505 Class B Units) (100% of non-tax equity interests)
	Lost
    Creek Wind, LLC	Delaware	Lost
    Creek Wind Holdco, LLC	100%
    membership interest
	Lincoln
    County Wind Project Holdco, LLC	Delaware	PUSF	100%
    membership interest
	Post
    Rock Wind Power Project, LLC	Delaware	Lincoln
    County Wind Project Holdco, LLC	100%
    Class B membership interest (136,903,546.91 Class B Units) (100% of non-tax equity interests)
	Logan’s
    Gap B Member LLC	Delaware	PUSF	100%
    membership interest
	Logan’s
    Gap Holdings LLC	Delaware	Logan’s
    Gap B Member LLC	100%
    Class B membership interest (102,905,924.80 Class B Units) (100% of non-tax equity interests)
	Logan’s
    Gap Wind LLP	Delaware	Logan’s
    Gap Holdings LLC	100%
    membership interest
	Fowler
    Ridge IV B Member LLC	Delaware	PUSF	100%
    membership interest
	Fowler
    Ridge IV Holdings LLC	Delaware	Fowler
    Ridge IV B Member LLC	100%
    Class B membership interest (126,784,735.00 Class B Units) (100% of non-tax equity interests)



 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


	Name of Subsidiary	Jurisdiction
    of Organization	Owner	Percentage
    and Class of Capital  Stock Owned
	Fowler
    Ridge IV Wind Farm LLC	Delaware	Fowler
    Ridge IV Holdings LLC	100%
    membership interest
	Broadview
    Finance Company LLC	Delaware	Broadview
    Finco Pledgor LLC	100%
    membership interest
	Broadview
    B Member LLC	Delaware	Broadview
    Finance Company LLC	100%
    membership interest
	Broadview
    Corporate Holdings LLC	Delaware	Broadview
    B Member LLC	100%
    membership interest
	Broadview
    Energy Holdings LLC	Delaware	Broadview
    B Member LLC	·     
Broadview Corporate Holdings LLC: 1% of Class B (1% of non-tax equity interests)

        ·      Broadview
B Member LLC: 99% of Class B (99% of non-tax equity interests)

	Broadview
    Energy Project Finco LLC	Delaware	Broadview
    Energy Holdings LLC	100%
    membership interest



 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


	Name of Subsidiary	Jurisdiction
    of Organization	Owner	Percentage
    and Class of Capital  Stock Owned
	Broadview
    Energy KW, LLC	New
    Mexico	Broadview
    Energy Project Finco LLC	100%
    membership interest
	Broadview
    Energy JN, LLC	New
    Mexico	Broadview
    Energy Project Finco LLC	100%
    membership interest
	Broadview
    Energy KW Investments LLC	Delaware	Broadview
    Energy KW, LLC	100%
    membership interest
	Broadview
    Energy JN Investments LLC	Delaware	Broadview
    Energy JN, LLC	100%
    membership interest
	Broadview
    Finco Pledgor LLC	Delaware	PUSF	100%
    membership interest
	WI
    Holdings Pledgor LLC	Delaware	Broadview
    Finance Company LLC	100%
    membership interest
	Pattern
    Western Interconnect Holdings LLC	Delaware	WI
    Holdings Pledgor LLC	100%
    membership interest
	Western
    Interconnect LLC	Delaware	Pattern
    Western Interconnect Holdings LLC	·     
Pattern Western Interconnect Holdings LLC: 99% membership interest

        ·      Tres
Amigas, LLC: 1% membership interest

	Western
    Interconnect Investments LLC	Delaware	Western
    Interconnect LLC	100%
    membership interest
	Meikle
    Wind Energy Corp.	British
    Columbia	PCFC	70%
    of outstanding shares.
	Meikle
    Wind Energy Limited Partnership	British
    Columbia	(1) PCFC

         

        (2) Meikle
Wind Energy Corp.
	(1) PCFC: 50.99%
        of outstanding shares

         

        (2) Meikle
Wind Energy Corp: 0.02% of outstanding shares




 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


Schedule
4.8


 


Base Case
Model


 


[Provided
Separately]


 


 




    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


Schedule
5.12


 




Separateness


 


Subject
in all cases to the paragraph at the end of this Schedule 5.12:


 


		(i)	maintain
                                         its own Deposit Accounts, separate from those of the other Credit Parties, the Restricted
                                         Operating Company Subsidiaries and its other Affiliates;



 


		(ii)	conduct
                                         its business only in its own name and maintain its own books and records, separate from
                                         those of the other Credit Parties, the Restricted Operating Company Subsidiaries and
                                         its other Affiliates;



 


		(iii)	use
                                         its own stationery, invoices and checks, separate from those of the other Credit Parties,
                                         the Restricted Operating Company Subsidiaries and its other Affiliates;



 


		(iv)	not
                                         hold itself out as having agreed to pay, or as being liable for, the, obligations of
                                         any other Credit Party, any Restricted Operating Company Subsidiary or its other Affiliates,
                                         in each case, except as expressly permitted or otherwise contemplated in the Credit Documents
                                         (including in all respects with respect to Project Financing Documents);



 


		(v)	not
                                         commingle its assets with those of any other Person, except as expressly permitted or
                                         otherwise contemplated in the Credit Documents;



 


		(vi)	pay
                                         its own obligations out of its own funds or as otherwise permitted by the Credit Documents;



 


		(vii)	comply
                                         in all material respects with all corporate formalities under its Organizational Documents
                                         and applicable law;



 


		(viii)	maintain
                                         adequate capital in light of its contemplated business operations;



 


		(ix)	not
                                         acquire obligations of the other Credit Parties, the Restricted Company Operating Subsidiaries
                                         or other Affiliates, in each case, except as expressly permitted or otherwise contemplated
                                         in the Credit Documents (including in all respects with respect to Project Financing
                                         Documents);



 


		(x)	hold
                                         itself out as a legal entity separate from all other Persons;



 


		(xi)	correct
                                         any known misunderstanding regarding its separate existence;



 


		(xii)	cause
                                         its Authorized Representatives to act at all times with respect to such Credit Party
                                         or such Restricted Operating Company Subsidiary, as applicable, in a manner consistent
                                         with, and in furtherance of, the foregoing in all material respects; and



 


		(xiii)	except
                                         as expressly permitted or otherwise contemplated in the Credit Documents, maintain separate
                                         financial statements, and not have its assets listed on the financial 



 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


statements
of any other Person; provided that a Credit Party’s assets may be included in a consolidated financial statement of its
Affiliates so long as appropriate notations are made on such consolidated financial statements to indicate that (A) such Credit
Party is a separate legal entity and (B) such Credit Party’s assets are not available to satisfy the debts and other obligations
of such Affiliates.





 


Notwithstanding
the foregoing, the provisions of this Schedule 5.12 shall not in any manner restrict any Restricted Subsidiary from eliminating
or consolidating, with a Borrower or another Restricted Subsidiary, deposit accounts or securities accounts (or similar accounts)
for purposes of ordinary course cash management among the Borrowers and their respective Restricted Subsidiaries, in each case,
to the extent, as applicable, such Restricted Subsidiary continues to comply with the requirements of the Credit Documents, and
provided that such cash management shall at all times be subject to the Credit Documents, including Section 6.4 of the Agreement.


 




    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


Schedule
6.1(d)  




Form of Subordination Agreement1


 


SUBORDINATION
AGREEMENT


 


This
SUBORDINATION AGREEMENT, dated as of [______] 20[__] (as amended, amended and restated, supplemented or otherwise modified
from time to time, this “Agreement”), is entered into by and among [______], a [______] (the “Subordinated
Creditor”), [______], a [______], (the “Subordinated Debtor”), and ROYAL BANK OF CANADA, as
Administrative Agent and as Collateral Agent.


 


RECITALS:


 


WHEREAS,
reference is made to the Second Amended and Restated Credit and Guaranty Agreement, dated as of November 21, 2017 (as amended,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and
among Pattern US Finance Company LLC, a Delaware limited liability company (“US Borrower”), Pattern Canada
Finance Company ULC, a Nova Scotia unlimited company (“Canada Borrower” and, together with US Borrower, “Borrowers”),
the Restricted Holding Company Subsidiaries party thereto, the Lenders party thereto from time to time, Royal Bank of Canada,
acting through its New York Branch, as Swingline Lender, Administrative Agent and Collateral Agent and Royal Bank of Canada, acting
through its New York Branch, Bank of Montreal, Morgan Stanley Bank, N.A. and Citibank, N.A., each as an LC Issuing Bank. All capitalized
terms used but not defined herein have the meanings ascribed to such terms in the Credit Agreement.


 


WHEREAS,
Subordinated Debtor desires to become indebted to Subordinated Creditor, as, and subject to the conditions, set forth in this
Agreement and the Credit Documents, and as evidenced by an intercompany note or loan agreement (such Indebtedness of the Subordinated
Debtor to the Subordinated Creditor (whether created directly or acquired by assignment or otherwise), and interest and premiums,
if any, thereon and other amounts payable in respect thereof are hereinafter collectively referred to as the “Intercompany
Indebtedness”), and the Administrative Agent and the Collateral Agent, for itself and on behalf of the Secured Parties,
wishes to acknowledge and agree that the Intercompany Indebtedness constitutes Permitted Subordinated Indebtedness under and as
defined in the Credit Agreement; and


 


WHEREAS,
the obligations of the Secured Parties under the Credit Agreement are subject to the condition, among others, that the Intercompany
Indebtedness be subordinated to the Obligations (such term referred to herein as the “Senior Indebtedness”)
in the manner set forth herein.


 


NOW,
THEREFORE, intending to be legally bound hereby, the parties hereto covenant


 





 



 1
[For any Intercompany Indebtedness incurred prior to the Closing Date, a Subordination Agreement
in the form of Subordination Agreement attached to the Existing Credit Agreement shall be and remain sufficient.] 


 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


and
agree as follows:


 


1.                 
Definitions; Interpretation. All capitalized terms used herein (including the preamble and recitals hereto) and
not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement. For all purposes of this Agreement,
except as otherwise expressly provided or unless the context otherwise requires, the rules of interpretation set forth in Section
1.3 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis, as if fully set forth herein.


 


2.                 
Subordination of Liabilities. Subordinated Debtor, for itself, its successors and assigns, covenants and agrees,
and Subordinated Creditor covenants and agrees that the payment of the principal of, and interest on, and all other amounts owing
in respect of, Intercompany Indebtedness is hereby and shall be subordinated, to the extent and in the manner hereinafter set
forth, to the Senior Indebtedness until the Termination Date. The subordination provisions set forth herein shall constitute a
continuing obligation benefiting all persons who, in reliance upon such provisions, become, or continue to be, Secured Parties,
and such provisions are made for the benefit of the Secured Parties, which are hereby made obligees hereunder to the same extent
as if their names were written herein as such, and they and/or each of them may proceed to enforce such provisions.


 


3.                 
No Payments with Respect to Intercompany Indebtedness in Certain Circumstances.


 


(a)               
Upon the maturity (whether at stated maturity, by acceleration or otherwise) of any Senior Indebtedness (including interest
thereon or fees or any other amounts owing in respect thereof), all principal thereof and premium, if any, and interest thereon
or fees or any other amounts owing in respect thereof, in each case to the extent due and owing at such time, shall first be paid
in full in cash or discharged in full, or such payment duly provided for in cash, including Cash Collateralization of any outstanding
Letters of Credit thereunder, before any payment is made on account of the principal of (including installments thereof), or interest
on, or any amount otherwise owing in respect of, Intercompany Indebtedness. Subordinated Creditor hereby agrees that, so long
as any portion of the Senior Indebtedness remains outstanding, it shall not make, ask, demand, sue for, or otherwise take, accept
or receive any amounts owing in respect of Intercompany Indebtedness except for such amounts that, at the time of payment, constitute
Cash that would otherwise be permitted to be distributed as a Restricted Payment under Section 6.4 of the Credit Agreement, and
as long as the Total Utilization of Revolving Commitments does not exceed the Revolving Commitments then in effect.


 


(b)              
In the event that Subordinated Creditor receives any amounts owing in respect of Intercompany Indebtedness in violation
of this Agreement, it shall hold such payment in trust for the benefit of, and shall pay forthwith over and deliver to, the Collateral
Agent (acting on behalf of the Secured Parties) for application in accordance with the Credit Documents.


 


(c)               
For the avoidance of doubt, notwithstanding anything to the contrary contained in this Agreement or any other Credit Document,
the capitalization of interest on the Intercompany Indebtedness in accordance with its terms shall be permitted without
restriction.


 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


4.                 
Dissolution, Liquidation or Reorganization of Subordinated Debtor. Upon any distribution of assets of Subordinated
Debtor that constitute Collateral following the dissolution, winding up, liquidation or reorganization of Subordinated Debtor
(whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or otherwise):


 


(a)               
the Secured Parties shall first be entitled to receive payment in full in cash of the principal thereof, premium, if any,
and interest (including, without limitation, all interest accruing after the commencement of any bankruptcy, insolvency, receivership
or similar proceeding at the rate provided in the governing documentation whether or not such interest is an allowed claim in
such proceeding) and all other amounts due and payable thereon before the Subordinated Creditor is entitled to receive any payment
on account of the principal of or interest on or any other amount owing by Subordinated Debtor in respect of Intercompany Indebtedness;


 


(b)              
any payment or distribution of assets of Subordinated Debtor of any kind or character that constitute Collateral, whether
in cash, property or securities, to which Subordinated Creditor would be entitled except for the subordination provisions set
forth herein, shall be paid by the liquidating trustee or agent or other person making such payment or distribution, whether a
trustee or agent, directly to the Collateral Agent (on behalf of the Secured Parties), for application in accordance with the
Credit Documents; and


 


(c)               
any payment or distribution of assets of any kind or character (whether in cash, property or securities) that constitute
Collateral on account of principal of, or interest or other amounts due on, Intercompany Indebtedness received by Subordinated
Creditor before the payment in full in cash of all Senior Indebtedness shall be received by Subordinated Creditor and held in
trust for, and shall be paid over to, the Collateral Agent (on behalf of the Secured Parties), for application in accordance with
the Credit Documents.


 


5.                 
Furtherance of Subordination. If any proceeding referred to in Section 4 above is commenced by or against Subordinated
Debtor:


 


(a)               
the Collateral Agent or its designee (acting on behalf of each Secured Party) may (in its own name or in the name of the
Subordinated Creditor or otherwise), but shall have no obligation to, demand, sue for, collect and receive every payment or distribution
referred to in Section 3(b) and give acquittance therefor and to file claims and proofs of claim and take such other action
(including, without limitation, voting the claims arising under Intercompany Indebtedness or enforcing any security interest or
other lien securing payment of Intercompany Indebtedness) as it may deem necessary or advisable for the exercise or enforcement
of the rights or interests of the Secured Parties hereunder; and


 


(b)              
Subordinated Creditor shall promptly take such action as the Collateral Agent may reasonably require (i) to collect
Intercompany Indebtedness for the account of the Secured Parties and to file appropriate claims or proofs of claim in respect
of


 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


Intercompany
Indebtedness, (ii) to execute and deliver to the Collateral Agent such powers of attorney, assignments or other instruments
as the Collateral Agent reasonably requires in order to enable the Collateral Agent to enforce any and all with respect to, and
any security interests and other liens securing payment of, Intercompany Indebtedness, and (iii) to collect and receive any
and all payments or distributions that may be payable or deliverable upon or with respect to Intercompany Indebtedness.


 


6.                 
Subrogation. Subject to the payment in full in cash of all Senior Indebtedness, Subordinated Creditor shall be subrogated
to the rights of the Secured Parties to receive payments or distributions of assets of Subordinated Debtor applicable to Senior
Indebtedness until all amounts owing in respect of Intercompany Indebtedness shall be paid or discharged in full, and for the
purpose of such subrogation no payments or distributions to the Secured Parties by or on behalf of Subordinated Debtor or by or
on behalf of Subordinated Creditor by virtue of the subordination provisions set forth herein that otherwise would have been made
to the Subordinated Creditor, shall be deemed to be payment by Subordinated Debtor to or on account of Intercompany Indebtedness,
it being understood that the subordination provisions set forth herein are and are intended solely for the purpose of defining
the relative rights of the Subordinated Creditor, on the one hand, and the Secured Parties, on the other hand.


 


7.                 
Subordination Rights Not Impaired by Acts or Omissions. No rights of any present or future Secured Parties to enforce
subordination as herein provided shall at any time and in any way be prejudiced or impaired by an act or failure to act on the
part of Subordinated Debtor, Subordinated Creditor or any Secured Party, or by any noncompliance by Subordinated Debtor or Subordinated
Creditor with the terms and provisions of Intercompany Indebtedness or this Agreement, regardless of any knowledge of a Secured
Party thereof. The Secured Parties may, without in any way affecting the obligations of the Subordinated Creditor with respect
thereto, at any time or from time to time and in their absolute discretion, change the manner, place or terms of payment of, change
or extend the time of payment of, or renew or alter, any Senior Indebtedness, or amend, modify or supplement any agreement or
instrument governing or evidencing such Senior Indebtedness or any other document referred to therein, or exercise or refrain
from exercising any other of their rights under Senior Indebtedness including, without limitation, the waiver of a default thereunder
and the release of any collateral securing such Senior Indebtedness, all without notice to or consent from the Subordinated Creditor,
but subject to the terms and provisions of the Credit Documents.


 


8.                 
Acknowledgment and Agreement by Agents. Each of the Administrative Agent and the Collateral Agent, for itself and
on behalf of the Secured Parties, hereby acknowledges and agrees that the Intercompany Indebtedness constitutes Permitted Subordinated
Indebtedness under and as defined in the Credit Agreement.


 


9.                 
Modification, Amendments or Waivers. Any and all agreements amending or changing any provision of this Agreement
or the rights of the Secured Parties hereunder, and any and all waivers or consents hereunder, shall be made only by written agreement,
waiver or consent signed by the Subordinated Creditor, the Subordinated Debtor and the Collateral Agent, acting on behalf of the
Secured Parties.


 






    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


10.             
Severability. In case any provision herein or obligation hereunder shall be invalid, illegal or unenforceable in
any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or
obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.


 


11.             
Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND
SHALL BE CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE
STATE OF NEW YORK.


 


12.             
Successors and Assigns. This Agreement shall inure to the benefit of the Secured Parties and their respective successors
and assigns, as permitted in the Credit Agreement, and the rights and obligations of the Subordinated Debtor and the Subordinated
Creditor hereunder shall inure to the benefit of, and be binding upon, their respective successors and assigns.


 


13.             
Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on
separate counterparts, each of which, when executed and delivered, shall be deemed an original, but all such counterparts shall
constitute but one and the same instrument.


 


14.             
Remedies. In the event of a breach by any of the Subordinated Debtor or Subordinated Creditor in the performance
of any of the terms of this Agreement, the Collateral Agent, on behalf of the Secured Parties, may demand specific performance
of this Agreement and seek injunctive relief and may exercise any other remedy available at law or in equity, it being recognized
that the remedies of the Collateral Agent, on behalf of the Secured Parties, at law may not fully compensate the Collateral Agent,
on behalf of the Secured Parties, for the damages they may suffer in the event of a breach hereof.


 


15.             
Notices. All notices, statements, requests and demands and other communications given to or made among the Subordinated
Debtor or Subordinated Creditor, the Collateral Agent or the Secured Parties in accordance with the provisions of this Agreement
shall be given or made as provided in Section 10.1 of the Credit Agreement.


 


16.             
Termination. This Agreement shall continue in force and effect until the Temrination Date. Upon the Termination
Date, this Agreement shall terminate and be of no further force and effect, without further action on the part of the parties
hereto


 


[Remainder
of page intentionally left blank]


 




    SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)


     


    

 


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


 


	 	[__________________],
	 	as Subordinated Debtor
	 	 
	 	By: 	
	 	 	Name:
	 	 	Title:



 








	 	[__________________],
	 	as Subordinated Creditor
	 	 
	 	By: 	
	 	 	Name:
	 	 	Title:









    
SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)




    


    

 


	 	ROYAL BANK OF CANADA
	 	as Administrative Agent
and Collateral Agent
	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title:



 




    
SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)




    


    

 


Schedule
6.3


 


Burdensome
Agreements


 


None.


 






    
SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)




    


    

 






 


Schedule
6.8


 


Affiliate
Transactions


 


1.
Reimbursement agreements entered into from time to time between PEG LP, Pattern Energy Group 2 LP and their affiliates, including
the Credit Parties and the Borrowers, at arms’ length or on terms that are no less favorable to the applicable Credit Party
than those that would have been obtained at the relevant time from Persons who are not Affiliates, pursuant to which PEG LP, Pattern
Energy Group 2 LP and their affiliates are reimbursed for costs and expenses of employees.


 


 








    
SCHEDULES TO CREDIT AGREEMENT (PATTERN REVOLVER)