exv10w24








Exhibit 10.24




 









CREDIT AGREEMENT



dated as of



March ___, 2010



among



MIRION TECHNOLOGIES, INC.,

MIRION TECHNOLOGIES (SYNODYS) SA



and



MIRION TECHNOLOGIES (IST FRANCE) SAS,



as Borrowers



The Lenders Party Hereto



and



JPMORGAN CHASE BANK,

NATIONAL ASSOCIATION

as Domestic Administrative Agent



and



J.P. MORGAN EUROPE LIMITED,

as French Administrative Agent



 





J.P. MORGAN SECURITIES INC.

and

FIFTH THIRD BANK,

as Joint Bookrunners and Joint Lead Arrangers



 





 









 





TABLE OF CONTENTS




	 	 	 	 	 
	 	 	Page
	ARTICLE I DEFINITIONS
	 	 	1	 
	 
	SECTION 1.01 Defined Terms
	 	 	1	 
	 
	SECTION 1.02 Classification of Loans and Borrowings
	 	 	27	 
	 
	SECTION 1.03 Terms Generally
	 	 	27	 
	 
	SECTION 1.04 Accounting Terms; GAAP
	 	 	27	 
	 
	SECTION 1.05 Currency Translations
	 	 	28	 
	 
	ARTICLE II THE CREDITS
	 	 	28	 
	 
	SECTION 2.01 Commitments
	 	 	28	 
	 
	SECTION 2.02 Loans and Borrowings
	 	 	28	 
	 
	SECTION 2.03 Requests for Borrowings
	 	 	29	 
	 
	SECTION 2.04 Swingline Loans
	 	 	30	 
	 
	SECTION 2.05 Letters of Credit
	 	 	31	 
	 
	SECTION 2.06 Funding of Borrowings
	 	 	36	 
	 
	SECTION 2.07 Interest Elections
	 	 	37	 
	 
	SECTION 2.08 Termination, Reduction and Increase of Commitments
	 	 	38	 
	 
	SECTION 2.09 Repayment of Loans; Evidence of Debt
	 	 	41	 
	 
	SECTION 2.10 Prepayment of Loans
	 	 	42	 
	 
	SECTION 2.11 Fees
	 	 	44	 
	 
	SECTION 2.12 Interest
	 	 	45	 
	 
	SECTION 2.13 Alternate Rate of Interest
	 	 	46	 
	 
	SECTION 2.14 Increased Costs
	 	 	47	 
	 
	SECTION 2.15 Break Funding Payments
	 	 	49	 
	 
	SECTION 2.16 Taxes
	 	 	50	 
	 
	SECTION 2.17 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	 	 	52	 
	 
	SECTION 2.18 Mitigation Obligations; Replacement of Lenders
	 	 	54	 
	 
	SECTION 2.19 Defaulting Lenders
	 	 	54	 
	 
	SECTION 2.20 Additional Reserve Costs
	 	 	56	 
	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES
	 	 	57	 
	 
	SECTION 3.01 Organization; Powers
	 	 	57	 






-i-









 






TABLE OF CONTENTS
(continued)





	 	 	 	 	 
	 	 	Page
	SECTION 3.02 Authorization; Enforceability
	 	 	57	 
	 
	SECTION 3.03 Governmental Approvals; No Conflicts
	 	 	57	 
	 
	SECTION 3.04 Financial Condition; No Material Adverse Change
	 	 	57	 
	 
	SECTION 3.05 Properties
	 	 	58	 
	 
	SECTION 3.06 Litigation and Environmental Matters
	 	 	58	 
	 
	SECTION 3.07 Compliance with Laws and Agreements
	 	 	58	 
	 
	SECTION 3.08 Investment Company Status
	 	 	58	 
	 
	SECTION 3.09 Taxes
	 	 	59	 
	 
	SECTION 3.10 ERISA
	 	 	59	 
	 
	SECTION 3.11 Disclosure
	 	 	59	 
	 
	 	 	 	 
	ARTICLE IV CONDITIONS
	 	 	59	 
	 
	SECTION 4.01 Effective Date
	 	 	59	 
	 
	SECTION 4.02 Each Credit Event
	 	 	62	 
	 
	 	 	 	 
	ARTICLE V AFFIRMATIVE COVENANTS
	 	 	62	 
	 
	SECTION 5.01 Financial Statements; Ratings Change and Other Information
	 	 	62	 
	 
	SECTION 5.02 Notices of Material Events
	 	 	64	 
	 
	SECTION 5.03 Existence; Conduct of Business
	 	 	65	 
	 
	SECTION 5.04 Payment of Obligations
	 	 	65	 
	 
	SECTION 5.05 Maintenance of Properties; Insurance
	 	 	65	 
	 
	SECTION 5.06 Books and Records; Inspection Rights
	 	 	65	 
	 
	SECTION 5.07 Compliance with Laws
	 	 	65	 
	 
	SECTION 5.08 Use of Proceeds and Letters of Credit
	 	 	65	 
	 
	SECTION 5.09 Additional Guarantors
	 	 	66	 
	 
	SECTION 5.10 Further Assurances
	 	 	66	 
	 
	SECTION 5.11 Pledge of Shares of German Subsidiary
	 	 	66	 
	 
	 	 	 	 
	ARTICLE VI NEGATIVE COVENANTS
	 	 	67	 
	 
	SECTION 6.01 Indebtedness
	 	 	67	 
	 
	SECTION 6.02 Liens
	 	 	68	 
	 
	SECTION 6.03 Fundamental Changes and Asset Sales
	 	 	69	 






-ii-









 






TABLE OF CONTENTS
(continued)





	 	 	 	 	 
	 	 	Page
	SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions
	 	 	70	 
	 
	SECTION 6.05 Swap Agreements
	 	 	71	 
	 
	SECTION 6.06 Restricted Payments
	 	 	71	 
	 
	SECTION 6.07 Transactions with Affiliates
	 	 	72	 
	 
	SECTION 6.08 Restrictive Agreements
	 	 	72	 
	 
	SECTION 6.09 Sale and Leaseback Transactions
	 	 	73	 
	 
	SECTION 6.10 Amendment of Material Documents
	 	 	73	 
	 
	SECTION 6.11 Changes in Fiscal Year
	 	 	73	 
	 
	SECTION 6.12 Financial Covenants
	 	 	73	 
	 
	 	 	 	 
	ARTICLE VII EVENTS OF DEFAULT
	 	 	74	 
	 
	 	 	 	 
	ARTICLE VIII THE ADMINISTRATIVE AGENT
	 	 	77	 
	 
	 	 	 	 
	ARTICLE IX MISCELLANEOUS
	 	 	79	 
	 
	SECTION 9.01 Notices
	 	 	79	 
	 
	SECTION 9.02 Waivers; Amendments
	 	 	80	 
	 
	SECTION 9.03 Expenses; Indemnity; Damage Waiver
	 	 	81	 
	 
	SECTION 9.04 Successors and Assigns
	 	 	82	 
	 
	SECTION 9.05 Survival
	 	 	86	 
	 
	SECTION 9.06 Counterparts; Integration; Effectiveness
	 	 	86	 
	 
	SECTION 9.07 Severability
	 	 	86	 
	 
	SECTION 9.08 Right of Setoff
	 	 	86	 
	 
	SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process
	 	 	87	 
	 
	SECTION 9.10 WAIVER OF JURY TRIAL
	 	 	87	 
	 
	SECTION 9.11 Headings
	 	 	88	 
	 
	SECTION 9.12 Confidentiality
	 	 	88	 
	 
	SECTION 9.13 Interest Rate Limitation
	 	 	89	 
	 
	SECTION 9.14 USA PATRIOT Act
	 	 	89	 
	 
	SECTION 9.15 Currency of Payment
	 	 	89	 







-iii-









 









SCHEDULES:




Schedule 1.01(a) — Existing Letters of Credit

Schedule 1.01(b) — Specified Times

Schedule 2.01 — Commitments

Schedule 2.20 — Mandatory Costs

Schedule 3.06 — Disclosed Matters

Schedule 4.01 — Indebtedness to be Repaid

Schedule 6.01 — Existing Indebtedness

Schedule 6.02 — Existing Liens

Schedule 6.04 — Existing Investments

Schedule 6.07 — Transactions with Affiliates

Schedule 6.08 — Existing Restrictions

Schedule 8 — Security Trust Provisions




EXHIBITS:




	 	 	 
	Exhibit A

	 	— Form of Assignment and Assumption
	Exhibit B-1

	 	— Form of Opinion of Parent’s In-House Counsel
	Exhibit B-2

	 	— Form of Opinion of Loan Parties’ New York Counsel
	Exhibit B-3

	 	— Form of Opinion of Loan Parties’ Delaware Counsel
	Exhibit B-4

	 	— Forms of Opinion of Loan Parties’ and Administrative Agents’ Respective French Counsel
	Exhibit B-4

	 	— Forms of Opinion of Loan Parties’ and Administrative Agents’ Respective German Counsel
	Exhibit B-6

	 	— Form of Opinion of Administrative Agents’ English Counsel
	Exhibit B-7

	 	— Form of Opinion of Loan Parties’ Canadian Counsel
	Exhibit C-1

	 	— Form of Guaranty (Domestic Obligations)
	Exhibit C-2

	 	— Form of Guaranty (French Obligations)
	Exhibit D-1

	 	— Form of Domestic Pledge and Security Agreement
	Exhibit D-2

	 	— Form of French Security Documents
	Exhibit D-3

	 	— Form of English Security Documents
	Exhibit D-4

	 	— Form of Canadian Security Documents
	Exhibit D-5

	 	— Form of German Security Document






-iv-









 





          CREDIT AGREEMENT dated as of March ___, 2010, among MIRION TECHNOLOGIES, INC., as the Parent,
MIRION TECHNOLOGIES (SYNODYS) SA and MIRION TECHNOLOGIES (IST FRANCE) SAS, as the French Borrowers,
the LENDERS party hereto, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Domestic Administrative
Agent and J.P. MORGAN EUROPE LIMITED, as French Administrative Agent.



          The parties hereto agree as follows:



ARTICLE I




DEFINITIONS



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



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



          “Acquisition” means any transaction, or any series of related transactions,
consummated on or after the date of this Agreement, by which the Parent or any of its Subsidiaries
(i) acquires any ongoing business or all or substantially all of the assets of any Person, or
division thereof, whether through purchase of assets, merger or otherwise or (ii) directly or
indirectly acquires (in one transaction or as the most recent transaction in a series of
transactions) at least a majority (in number of votes) of the securities of a corporation which
have ordinary voting power for the election of directors (other than securities having such power
only by reason of the happening of a contingency) or a majority (by percentage of voting power) of
the outstanding ownership interests of a partnership or limited liability company.



          “Act” has the meaning set forth in Section 9.14; provided that it shall only
apply to Section 9.14.



          “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing of Revolving
Loans or Domestic Term Loans for any Interest Period, an interest rate per annum equal to (a) the
LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate plus (c) if
applicable pursuant to Section 2.20, the Mandatory Cost calculated in accordance with the formula
and in the manner set forth on Schedule 2.20 hereto.



          “Administrative Agents” means the Domestic Administrative Agent and the French
Administrative Agent.



          “Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Domestic Administrative Agent.



          “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.



 









 





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



          “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of
(a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such
day plus 1/2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if
such day is not a Business Day, the immediately preceding Business Day) plus 1%,
provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be
based on the rate appearing on the Reuters Screen LIBOR01 Page (or on any successor or substitute
page) at the Specified Time on such day. Any change in the Alternate Base Rate due to a change in
the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from
and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate
or the Adjusted LIBO Rate, respectively.



          “Alternative Currency” means at any time, euro, Sterling, and, if agreed to by each
Revolving Lender, any currency (other than dollars) that is readily available, freely traded and
convertible into dollars in the London market and as to which a Dollar Equivalent can be
calculated.



          “Alternative Currency Sublimit” means $10,000,000.



          “Applicable Percentage” means, with respect to any Revolving Lender, the percentage of
the total Revolving Commitments represented by such Lender’s Revolving Commitment. If the
Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined
based upon the Revolving Commitments most recently in effect, giving effect to any assignments.



          “Applicable Rate” means, for any day, with respect to any ABR Loan or Eurodollar Loan,
or with respect to the Revolving Credit Commitment Fees payable hereunder, as the case may be, the
applicable rate per annum set forth below under the caption “ABR Spread”, “Eurodollar Spread” or
“Commitment Fee Rate”, as the case may be, based upon the Pricing Level applicable on such date:



	 	 	 	 	 	 	 	 	 	 	 	 	 
	Pricing Level:	 	ABR Spread	 	Eurodollar Spread	 	Commitment
 Fee Rate
	Level I
	 	 	3.00	%	 	 	4.00	%	 	 	0.35	%
	Level II
	 	 	3.25	%	 	 	4.25	%	 	 	0.40	%
	Level III
	 	 	3.50	%	 	 	4.50	%	 	 	0.50	%
	Level IV
	 	 	4.00	%	 	 	5.00	%	 	 	0.50	%





provided, that prior to the delivery of a Compliance Certificate with respect to the fiscal
quarter of the Parent ending September 30, 2010, the Applicable Rate (i) with respect to the ABR
Spread shall be 3.50%, (ii) with respect to the Eurodollar Spread shall be 4.50% and (iii) with
respect to the Commitment Fee Rate shall be 0.50%.







2









 








          Each change in the Applicable Rate shall apply during the period commencing on the effective
date of such change and ending on the date immediately preceding the effective date of the next
such change.



          “Approved Fund” has the meaning assigned to such term in Section 9.04(b).



          “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an assignee (with the consent of any party whose consent is required by Section 9.04),
and accepted by the applicable Administrative Agent, in the form of Exhibit A or any other form
approved by such Administrative Agent.



          “Auto-Renewal Letter of Credit” has the meaning assigned to such term in Section
2.05(c)(ii).



          “Availability” means at any time, an amount equal to the aggregate Revolving
Commitments of all Lenders minus (b) the aggregate Revolving Credit Exposure of all
Revolving Lenders.



          “Availability Period” means the period from and including the Effective Date to but
excluding the earlier of the Maturity Date and the date of termination of the Revolving
Commitments.



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



          “Borrowers” means, collectively, the Parent and the French Borrowers.



          “Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued
on the same date to the Parent and, in the case of Eurodollar Loans, as to which a single Interest
Period is in effect, (b) a Swingline Loan or (c) a Term Borrowing.



          “Borrowing Request” means a request by a Borrower for a Revolving Borrowing or a Term
Borrowing in accordance with Section 2.03.



          “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed;
provided that, when used in connection with a Eurodollar Loan, the term “Business
Day” shall also exclude (i) any day on which banks are not open for dealings in dollar deposits
or in the Alternative Currency in which interest in such Eurodollar Loans is calculated in the
London interbank market, (ii) in the case of a Loan denominated in euro, any day which is not a
TARGET Day (as determined by the French Administrative Agent) or (iii) in the case of a Revolving
Loan denominated in an Alternative Currency other than Sterling or euro, any day on which banks are
not open for dealings in such Alternative Currency in the city which is the principal financial
center of the country of issuance of the applicable Alternative Currency.



          “Canadian Security Documents” means a general security agreement, executed by each
Canadian Subsidiary in favor of the French Administrative Agent and which shall secure the
Obligations of the Canadian Subsidiaries under the Guaranty (French Obligations),



3









 




substantially in the form of Exhibit D-4, as the same may be amended, restated, supplemented
or otherwise modified from time to time.




          “Canadian Subsidiaries” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of Canada or any province or territory
thereof.



          “Capital Expenditures” means, without duplication, any expenditure for any purchase or
other acquisition of any asset which would be classified as a fixed or capital asset on a
consolidated balance sheet of the Parent and its Subsidiaries prepared in accordance with GAAP;
provided that Capital Expenditures shall not include any such expenditures which constitute
(a) expenditures of proceeds of insurance settlements, condemnation awards and other settlements in
respect of lost, destroyed, damaged or condemned assets, equipment or other property to the extent
such expenditures are made to replace or repair such lost, destroyed, damaged or condemned assets,
equipment or other property or otherwise to acquire, maintain, develop, construct, improve, upgrade
or repair assets or properties useful in the business of the Parent or its Subsidiaries; (b) a
reinvestment of the Net Proceeds of any sale, transfer or other disposition to the extent permitted
by Section 2.10(c) (including pursuant to a sale and leaseback transaction of any property or asset
of the Parent or any of its Subsidiaries); (c) a Permitted Acquisition; (d) expenditures financed
with the Net Proceeds of any Equity Issuance by the Parent; or (e) the purchase price of equipment
purchased during such period to the extent the consideration therefor consists of any combination
of (i) used or surplus equipment traded in at the time of such purchase and (ii) the proceeds of a
substantially concurrent sale of used or surplus equipment.



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



          “Cash Management Agreement” means any agreement to provide cash management services,
including treasury, depository, overdraft, credit or debit card, electronic funds transfer and
other cash management arrangements.



          “Change in Control” means (a) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange
Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof), other than the
Sponsor Group, of Equity Interests representing more than the greater of (x) 30% of the aggregate
issued and outstanding Equity Interests of the Parent having ordinary voting power and (y) the
percentage of the aggregate issued and outstanding Equity Interests of the Parent having ordinary
voting power owned beneficially, directly or indirectly by the Sponsor Group; or (b) occupation of
a majority of the seats (other than vacant seats) on the board of directors of the Parent by
Persons who were neither (i) nominated by the board of directors of the Parent nor (ii) appointed
by directors so nominated.



4









 





          “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.14(b), by any lending
office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any
request, guideline or directive (whether or not having the force of law) of any Governmental
Authority made or issued after the date of this Agreement.



          “Charges” has the meaning set forth in Section 9.13; provided that it shall
only apply to Section 9.13.



          “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are Revolving Loans, Domestic Term Loans, French Term Loans
or Swingline Loans.



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



          “Collateral” means any and all property owned, leased or operated by a Person in which
a security interest is purported to be granted under the Collateral Documents and any and all other
property of any Loan Party, now existing or hereafter acquired, that may at any time be or become
subject to a security interest or Lien in favor of an Administrative Agent, on behalf of itself and
certain of the Lenders, to secure specified Obligations.



          “Collateral Documents” means, collectively, the Domestic Security Documents, the
Foreign Security Documents, any pledge or security agreement delivered pursuant to Section 5.11 and
other agreements, instruments or documents that create or purport to create a Lien in favor of the
applicable Administrative Agent for the benefit of the applicable secured parties.



          “Commitment” means, (a) with respect to each Domestic Term Lender, prior to the making
of the Domestic Term Loans on the Effective Date, its Domestic Term Commitment, (b) with respect to
each Revolving Lender, its Revolving Commitment and (c) with respect to each French Term Lender,
prior to the making of the French Term Loans on the Effective Date, its French Term Commitment.



          “Compliance Certificate” has the meaning assigned to such term in Section 5.01(c).



          “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 and, in relation to a French company, as defined in
article L.233-3 I and II of the French Code de Commerce. “Controlling” and
“Controlled” have meanings correlative thereto.



          “Currency” means dollars or any Alternative Currency.



          “Currency of Payment” has the meaning assigned to such term in Section 9.15.



5









 






          “Default” means any event or condition which constitutes an Event of Default or which
upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.



          “Defaulting Lender” means any Lender, as determined by either Administrative Agent,
that has (a) failed to fund any portion of its Loans or participations in Letters of Credit or
Swingline Loans within three Business Days of the date required to be funded by it hereunder, (b)
notified any Borrower, either Administrative Agent, the Issuing Bank, the Swingline Lender or any
Lender in writing that it does not intend to comply with any of its funding obligations under this
Agreement or has made a public statement to the effect that it does not intend to comply with its
funding obligations under this Agreement or under other agreements in which it commits to extend
credit, (c) failed, within three Business Days after request by the Domestic Administrative Agent,
to confirm that it will comply with the terms of this Agreement relating to its obligations to fund
prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans, (d)
otherwise failed to pay over to an Administrative Agent or any other Lender any other amount
required to be paid by it hereunder within three Business Days of the date when due, unless the
subject of a good faith dispute, or (e) (i) become or is insolvent or has a parent company that has
become or is insolvent or (ii) become the subject of a bankruptcy or insolvency proceeding, or has
had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or custodian, appointed
for it, or has taken any action in furtherance of, or indicating its consent to, approval of or
acquiescence in any such proceeding or appointment or has a parent company that has become the
subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee,
administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or custodian appointed for it, or has taken any action in
furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or
appointment.



          “Disclosed Matters” means the actions, suits and proceedings and the environmental
matters disclosed in Schedule 3.06.



          “dollars” or “$” refers to lawful money of the United States of America.



          “Dollar Equivalent” means on any date, with respect to any amount denominated in an
Alternative Currency, the equivalent in dollars of such amount, determined by the Domestic
Administrative Agent using the Exchange Rate in effect for such Alternative Currency at the
Specified Time on such date; provided, however, that with respect to determining
the amount of any Loan that is being made, the Dollar Equivalent shall be determined on the date of
the relevant Borrowing Request that resulted in the making of such Loan. As appropriate, amounts
specified herein as amounts in dollars shall be or include any relevant Dollar Equivalent amount.



          “Domestic Administrative Agent” means JPMCB, in its capacity as domestic
administrative agent for the Domestic Term Lenders and Revolving Lenders hereunder.



          “Domestic Guarantors” means each existing and future Domestic Subsidiary that is party
to the Guaranty (Domestic Obligations) or the Guaranty (French Obligations).



6









 





          “Domestic Security Documents” means a Domestic Pledge and Security Agreement, among
each Domestic Subsidiary and the Domestic Administrative Agent and which shall secure the
Obligations of (a) the Parent and the Domestic Subsidiaries under each of the Guaranties and (b)
the Parent under this Agreement, substantially in the form of Exhibit D-1, as the same may be
amended, restated, supplemented or otherwise modified from time to time.



          “Domestic Subsidiary” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of the United States of America or any
political subdivision thereof, whether state or local.



          “Domestic Term Borrowing” means Domestic Term Loans of the same Type, made, converted
or continued on the same date to the Parent and, in the case of Eurodollar Loans, as to which a
single Interest Period is in effect.



          “Domestic Term Commitment” means, with respect to any Domestic Term Lender, the
commitment of such Lender to make Domestic Term Loans to the Parent on the Effective Date. The
amount of each Domestic Term Lender’s Domestic Term Commitment is set forth on Schedule 2.01. The
aggregate amount of the Domestic Term Lenders’ Domestic Term Commitments is $35,000,000.







          “Domestic
Term Lender” means each Person having a Domestic Term
Commitment as set forth on
Schedule 2.01 and any other Person that shall have become a party hereto as a Domestic Term Lender
pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party
hereto pursuant to an Assignment and Assumption.







          “Domestic Term Loan” means a term loan made pursuant to Section 2.01(b).



          “EBITDA” shall mean for any period, Net Income for such period plus (a) without
duplication and to the extent deducted in determining Net Income for such period, the sum of (i)
interest expense for such period, (ii) income tax expense for such period, (iii) all amounts
attributable to depreciation and amortization expense for such period, (iv) any extraordinary cash
charges for such period in an amount not to exceed $4,000,000, (v) any extraordinary non-cash
charges for such period and (vi) any other non-cash charges for such period (but excluding any
non-cash charge in respect of an item that was included in Net Income in a prior period) and (vii)
any non-recurring fees, costs and expenses as reflected in the Borrowers’ June 30, 2009 financial
statements, any non-recurring fees, costs and expenses incurred in connection with a proposed
initial public offering by the Parent or in connection with the financing contemplated by the Loan
Documents, and any fees paid to any member of the Sponsor Group pursuant to, or in connection with
the termination of, the investment bank contract with one or more members of the Sponsor Group
after June 30, 2009 but on or prior to the Effective Date, minus (b) without duplication
and to the extent included in Net Income, (i) any cash payments made during such period in respect
of non-cash charges described in clauses (a)(vi) or (a)(vii) taken in a prior period and (ii) any
extraordinary gains and any non-cash items of income for such period, all calculated for the
Borrowers and their respective Subsidiaries on a consolidated basis in accordance with GAAP.



7









 






          “Effective Date” means the date on which the conditions specified in Section 4.01 are
satisfied (or waived in accordance with Section 9.02).



          “Effective Date Net Worth” means an amount equal to Net Worth, determined as of March
31, 2010 after giving pro forma effect to the Equity Offering and the consummation on the Effective
Date of the transactions contemplated by this Agreement.



          “English Chargor” means Mirion Technologies (IST) Ltd, an English Subsidiary.



          “English Security Agreement” means the debenture, dated as of the date hereof, between
the English Chargor and the French Administrative Agent, as the same may be amended, restated,
supplemented or otherwise modified from time to time, substantially in the form of Exhibit D-3,
which shall secure the Obligations of the English Chargor under the Guaranty (French Obligations).



          “English Security Documents” means the English Security Agreement and the English
Share Charge.



          “English Share Charge” means the charge over the shares of the English Chargor, dated
as of the date hereof, between Mirion Technologies (IST) Corporation as chargor and the French
Administrative Agent, substantially in the form of Exhibit D-3, which shall secure the Obligations
of the Borrowers.



          “English Subsidiaries” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of England or Wales.



          “Environmental Laws” means all laws, rules, regulations, codes, ordinances, common
law, orders, decrees, judgments, injunctions or binding agreements issued, promulgated or entered
into by any Governmental Authority, relating in any way to the environment, preservation or
reclamation of natural resources, the management, release or threatened release of any Hazardous
Material or the effect of the environment on human health and safety.



          “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Parent or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing; provided that “Environmental Liability” shall not mean any such
liability directly or indirectly resulting from or based upon the use by others, or the sale or
distribution, of any of the products of Parent or its Subsidiaries.



          “Equity Interests” means shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or other equity ownership
interests in a Person, and any warrants, options or other rights entitling the holder thereof to
purchase or acquire any such equity interest.



8









 





          “Equity Issuance” means any issuance for cash by any Person to any other Person of (a)
its Equity Interests, (b) any of its Equity Interests pursuant to the exercise of options or
warrants, (c) any of its Equity Interests pursuant to the conversion of any debt securities to
equity or (d) any options or warrants relating to its Equity Interests.



          “Equity Offering” means the issuance and sale by the Parent of its common stock in an
initial public offering.



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



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



          “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day
notice period is waived); (b) the existence with respect to any Plan of any variance from the
minimum funding standard (as described in Section 412 of the Code or Section 302 of ERISA); (c) the
failure to make any required contribution to any Plan; (d) the incurrence by any Borrower or any of
its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of
any Plan; (e) the receipt by any Borrower or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a
trustee to administer any Plan; or (f) the incurrence by any Borrower or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan.



          “ERISA Multiemployer Plan Event” means (a) the incurrence by any Borrower or any of
its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any
Multiemployer Plan; or (b) the receipt by any Borrower or any ERISA Affiliate of any notice, or the
receipt by any Multiemployer Plan from any Borrower or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is,
or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.




          “EUR”, “€” and “euro” means the lawful currency of the Participating
Member States.




          “EURIBOR” means in relation to any French Term Loan in euro:



     (a) the applicable Screen Rate; or


     (b) (if no Screen Rate is available for the Interest Period of that Loan) the
arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the
French Administrative Agent at its request quoted by the Reference Banks to leading banks in
the European interbank market,


9









 











in either case as of the Specified Time on the Quotation Day for the offering of deposits in euro
for a period comparable to the Interest Period of the relevant Loan; provided that EURIBOR
shall in no event be less than 1.50% per annum at any time.




          “Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by
reference to the Adjusted LIBO Rate in the case of Revolving Loans and Domestic Term Loans or
EURIBOR in the case of French Term Loans.



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



          “Excess Cash Flow” means, for any fiscal year of the Parent, the excess (if any) of
(a) EBITDA for such fiscal year over (b) the sum (for such fiscal year) of (i) interest
expenses actually paid in cash by the Parent and its Subsidiaries, (ii) principal repayments of
Indebtedness, to the extent actually made, (iii) all income taxes actually paid in cash by the
Parent and its Subsidiaries, (iv) Capital Expenditures actually made by the Parent and its
Subsidiaries in such fiscal year, (v) any extraordinary cash charges added to EBITDA pursuant to
clause (iv) of the definition thereof and (vi) all fees, cost and expenses added to EBITDA pursuant
to clause (vii) of the definition thereof.



          “Exchange Rate” means, with respect to any Alternative Currency on a particular date,
the rate at which such Alternative Currency may be exchanged into dollars, as set forth on such
date on the applicable Reuters World Currency Page with respect to such Alternative Currency. In
the event that such rate does not appear on the applicable Reuters World Currency Page, the
Exchange Rate with respect to such Alternative Currency shall be determined by reference to such
other publicly available service for displaying exchange rates as may be agreed upon by either
Administrative Agent and any Borrower or, in the absence of such agreement, such Exchange Rate
shall instead be the applicable Administrative Agent’s spot rate of exchange in the London
interbank market or other market where its foreign currency exchange operations in respect of such
Alternative Currency is then being conducted, at the Specified Time on such date for the purchase
of Dollars with such Alternative Currency for delivery two Business Days later; provided,
however, that if at the time of any such determination, for any reason, no such spot rate
is being quoted, the applicable Administrative Agent may use any reasonable method it deems
appropriate to determine such rate, and such determination shall be conclusive absent manifest
error.



          “Excluded Taxes” means, with respect to either Administrative Agent, any Lender, the
Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of
any Borrower hereunder, (a) taxes imposed on (or measured by) its net income, and franchise (and
similar) taxes imposed on it by the United States of America, or by the jurisdiction under the laws
of which such recipient is organized or in which its principal office is located or, in the case of
any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed
by the United States of America or any similar tax imposed by any other jurisdiction in which any
Borrower is located, (c) any Taxes imposed by reason of any present or former connection between
the recipient and the jurisdiction imposing such tax, other than such connection resulting from
this Agreement or any other Loan Document or any transactions contemplated by this Agreement or any
other Loan Document, (d) in the case of a



10









 





Foreign Lender (other than an assignee pursuant to a request by any Borrower under Section
2.18(b)), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time
such Foreign Lender becomes a party to this Agreement (or designates a new lending office), except
to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional amounts from any
Borrower with respect to such withholding tax pursuant to Section 2.16(a) and (e) any withholding
tax that is attributable to such recipient’s failure to comply with Section 2.16(e).




          “Existing Letters of Credit” means the letters of credit issued by the Issuing Bank
before the Effective Date and listed in Schedule 1.01(a) hereto, as such schedule may be amended
with the consent of the applicable Issuing Lender and Administrative Agent to include letters of
credit outstanding on the Effective Date.



          “Federal Funds Effective Rate” means, for any day, the weighted average of the rates
on overnight Federal funds transactions with members of the Federal Reserve System arranged by
Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank
of New York, or, if such rate is not so published for any day that is a Business Day, the average
of the quotations for such day for such transactions received by the Domestic Administrative Agent
from three Federal funds brokers of recognized standing selected by it.



          “Financial Officer” means the chief financial officer, principal accounting officer,
treasurer, assistant treasurer or controller or other similar officer of any Borrower.



          “Fixed Charges” means, with reference to any period, without duplication, Interest
Expense, plus scheduled payments of principal on Indebtedness made during such period, all
calculated for the Parent and its Subsidiaries on a consolidated basis.



          “Fixed Charge Coverage Ratio” means, for any period, the ratio of (a) EBITDA
minus Capital Expenditures to (b) Fixed Charges, all calculated for the Parent and its
Subsidiaries on a consolidated basis in accordance with GAAP; provided, that for the
purposes of calculating Fixed Charges (a) for the period of four fiscal quarters ending on June 30,
2010, Fixed Charges for the fiscal quarter ending on such date shall be multiplied by four, (b) for
the period of four fiscal quarters ending on September 30, 2010, Fixed Charges for the period of
two fiscal quarters ending on such date shall be multiplied by two and (c) for the period of four
fiscal quarters ending on December 31, 2010, Fixed Charges for the period of three fiscal quarters
ending on such date shall be multiplied by 4/3.



          “Foreign Guarantors” means each existing and future Foreign Subsidiary that is party
to the Guaranty (French Obligations).



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



11









 





          “Foreign Security Documents” means, collectively, Canadian Security Documents, the
French Security Documents, the German Security Document and the English Security Documents.



          “Foreign Subsidiary” means any direct or indirect Subsidiary (other than any Inactive
Subsidiary or Immaterial Subsidiary) of the Parent which is not a Domestic Subsidiary.



          “France” means the French Republic.



          “French Administrative Agent” means J.P. Morgan Europe Limited, in its capacity as
French Administrative Agent for the French Term Lenders hereunder.



          “French Borrowers” means, together, Mirion Technologies (Synodys) SA, a société
anonyme (limited liability company) organized under the laws of France, and Mirion Technologies
(IST France) SAS, a société par actions simplifiée (limited liability company) organized under the
laws of France.



          “French Security Documents” means (i) a securities account pledge agreement, among
each French Subsidiary and the French Administrative Agent, (ii) a pledge of the business (fonds de
commerce), among each French Subsidiary and the French Administrative Agent and (iii) Dailly
assignments of accounts receivable by each French Subsidiary in favor of the French Administrative
Agent, in each case to secure the Obligations of (a) the French Subsidiaries under the Guaranty
(French Obligations) and (b) the French Borrowers under this Agreement, substantially in the form
of Exhibit D-2, as the same may be amended, restated, supplemented or otherwise modified from time
to time.



          “French Subsidiaries” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of the France or any political subdivision
thereof, whether state or local.



          “French Term Borrowing” means French Term Loans of the same Type, made, converted or
continued on the same date to a single French Borrower and, in the case of Eurodollar Loans, as to
which a single Interest Period is in effect.







          “French Term Commitment” means, with respect to any French Term Lender, the commitment
of such Lender to make French Term Loans to the French Borrowers on the Effective Date. The amount
of each French Term Lender’s French Term Commitment is the Dollar Equivalent in euros of the amount set forth on Schedule 2.01. The aggregate
amount of the French Term Lenders’ French Term Commitments is the Dollar Equivalent in euros of $35,000,000.











          “French Term Lender” means each Person having a French Term Commitment as set forth on Schedule
2.01 and any other Person that shall have become a party hereto as a French Term Lender pursuant to
an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant
to an Assignment and Assumption, each of which Persons shall be a Qualifying French Lender.







          “French Term Loan” means a term loan made pursuant to Section 2.01(c).



12









 





          “GAAP” means generally accepted accounting principles in the United States of America.



          “German Security Document” means the German law share pledge, dated as of the date
hereof, between Mirion Technologies (Synodys) SA and the French Administrative Agent over the stock
of Mirion Technologies (MGPI H&B) GmbH, as the same be amended, restated, supplemented or otherwise
modified from time to time, substantially in the form of Exhibit D-5, which shall secure the
Obligations of Mirion Technologies (Synodys) SA under (a) the Guaranty (French Obligations) and (b)
the French Borrowers under this Agreement.



          “German Subsidiaries” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of Germany or any political subdivision
thereof, whether state or local.



          “Germany” means the Federal Republic of Germany.



          “Governmental Authority” means the government of the United States of America, France,
Germany, Canada, England, Wales or any other nation or any political subdivision of any of the
foregoing, whether state or local, and any agency, authority, instrumentality, regulatory body,
court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government.



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



          “Guaranties” means the Guaranty (Domestic Obligations) and the Guaranty (French
Obligations).



          “Guarantors” means, collectively, the Domestic Guarantors and the Foreign Guarantors.



          “Guaranty (Domestic Obligations)” means a Guarantee substantially in the form of
Exhibit C-1.



13









 





          “Guaranty (French Obligations)” means a Guarantee substantially in the form of Exhibit
C-2.



          “Hazardous Materials” means all radioactive substances or wastes and all hazardous or
toxic substances, wastes or other pollutants, including petroleum or petroleum distillates,
asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or
medical wastes and all other substances or wastes of any nature regulated pursuant to any
Environmental Law.



          “Immaterial Subsidiaries” means one or more Subsidiaries of the Parent for which, (a)
the assets of all such designated Subsidiaries constitute, in the aggregate, no more than 5% of the
total assets of the Parent and its Subsidiaries on a consolidated basis (determined as of the last
day of the most recent fiscal quarter of the Parent for which financial statements have been
delivered pursuant to Section 5.01), and (b) the revenues of such Subsidiaries account for no more
than 5% of the total revenues of the Parent and its Subsidiaries on a consolidated basis for the
twelve-month period ending on the last day of the most recent fiscal quarter of the Parent for
which financial statement have been delivered pursuant to Section 5.01.



          “Inactive Subsidiaries” means, collectively, Xi’an XNIF MGP Nuclear Instruments Co.,
Ltd., Synodys Passive Dosimetry GmbH, IST Instruments, Inc. and Imaging and Sensing Technology,
Ltd., and each other Subsidiary that is designated as an Inactive Subsidiary by the Parent (subject
to the approval of the Domestic Administrative Agent) and no longer engages actively in any
business activities.



          “Increase Date” has the meaning assigned to such term in Section 2.08(d).



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



          “Indemnified Taxes” means Taxes other than Excluded Taxes.



          “Indemnitee” has the meaning set forth in Section 9.03(b).



14









 





          “Information” has the meaning assigned to such term in Section 9.12; provided
that it shall only apply to Section 9.12.



          “Information Memorandum” means the Confidential Information Memorandum dated January
2010 relating to the Borrowers and the Transactions.



          “Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of the
date hereof, between the Domestic Administrative Agent and the French Administrative Agent, as the
same may be amended, restated, supplemented or otherwise modified from time to time.



          “Interest Election Request” means a request by a Borrower to convert or continue a
Revolving Borrowing or Term Borrowing in accordance with Section 2.07.



          “Interest Expense” means, with reference to any period, total cash interest expense
(including that attributable to Capital Lease Obligations) of the Parent and its Subsidiaries for
such period with respect to all outstanding Indebtedness of the Parent and its Subsidiaries
(including all commissions, discounts and other fees and charges owed with respect to letters of
credit and bankers’ acceptance financing and net costs under Swap Agreements in respect of interest
rates to the extent such net costs are allocable to such period in accordance with GAAP),
calculated on a consolidated basis for the Parent and its Subsidiaries for such period in
accordance with GAAP.



          “Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline
Loan), the last day of each March, June, September and December and the Maturity Date, (b) with
respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of
which such Loan is a part and the Maturity Date and, in the case of a Eurodollar Borrowing with an
Interest Period of more than three months’ duration, each day prior to the last day of such
Interest Period that occurs at intervals of three months’ duration after the first day of such
Interest Period and (c) with respect to any Swingline Loan, the day that such Loan is required to
be repaid and the Maturity Date.



          “Interest Period” means with respect to any Eurodollar Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day in the
calendar month that is one, two, three or six months thereafter, as the applicable Borrower may
elect; provided, that (i) if any Interest Period would end on a day other than a Business
Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case
of a Eurodollar Borrowing only, such next succeeding Business Day would fall in the next calendar
month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any
Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the last
calendar month of such Interest Period) shall end on the last Business Day of the last calendar
month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the
date on which such Borrowing is made and, in the case of a Revolving Borrowing or Term Borrowing,
thereafter shall be the effective date of the most recent conversion or continuation of such
Borrowing.



15









 






          “IRS” means the U.S. Internal Revenue Service.



          “Issuing Bank” means (a) with respect to each Existing Letter of Credit, JPMCB and (b)
with respect to each Letter of Credit issued hereunder, (i) JPMCB in its capacity as the issuer of
Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.05(a) and
(ii) any other Lender agreeing to act in such capacity, which other Lender shall be reasonably
satisfactory to the Parent and the Administrative Agents. Each Issuing Bank may, in its
discretion, in consultation with the Borrowers, arrange for one or more Letters of Credit to be
issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any
such Affiliate with respect to Letters of Credit issued by such Affiliate.



          “JPMCB” means JPMorgan Chase Bank, N.A. and its successors.



          “LC Disbursement” means a payment made by the Issuing Bank pursuant to a Letter of
Credit.



          “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all
outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements
that have not yet been reimbursed by or on behalf of the Parent at such time. The LC Exposure of
any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.



          “Lenders” means the Revolving Lenders and the Term Lenders.



          “Letter of Credit” means (a) Existing Letters of Credit and (b) letters of credit
issued by an Issuing Bank on or after the Effective Date pursuant to Section 2.05.



          “Leverage Ratio” means, as of the last day of any fiscal quarter, the ratio of (a)
Total Indebtedness on such date to (b) EBITDA for the period of four consecutive fiscal quarters
ended on such date, calculated on a pro forma basis to give effect to any Permitted Acquisition
made during such four quarter period.



          “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period,
the Screen Rate (A) for any Currency other than Sterling, at the Specified Time two Business Days
prior to the commencement of such Interest Period, as the rate for deposits in dollars or the
applicable Alternative Currency with a maturity comparable to such Interest Period or (B) for
Sterling, at the Specified Time on the first Business Day of such Interest Period, as the rate of
deposit comparable to such Interest Period. In the event that any such rate is not available at
such time for any reason, then the “LIBO Rate” with respect to such Eurodollar Borrowing
for such Interest Period shall be determined by reference to such other comparable publicly
available service for displaying eurocurrency rates as may be selected by the Domestic
Administrative Agent or, in the absence of such availability, by reference to the rate at which the
Domestic Administrative Agent is offered deposits in the applicable Currency at the Specified Time
two Business Days prior to the beginning of such Interest Period in the interbank eurocurrency
market where its eurocurrency and foreign currency and exchange operations are then being conducted
for such Currency for delivery on the first day of such Interest Period for the number of days
comprised therein. Notwithstanding the foregoing, the LIBO Rate used to calculate



16









 





interest with respect to Domestic Term Loans shall in no event be less than 1.50% per annum at
any time.




          “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement relating to such asset (or any financing lease having substantially the same
economic effect as any of the foregoing) and (c) in the case of securities, any purchase option,
call or similar right of a third party with respect to such securities.



          “Loans” means the loans made by the Lenders to the Borrowers pursuant to this
Agreement.



          “Loan Documents” mean, collectively, this Agreement, any promissory notes issued
pursuant to this Agreement, any Letter of Credit applications, the Collateral Documents, any
control agreements executed pursuant to the Collateral Documents, the Guaranties and all other
agreements and instruments executed and delivered to, or in favor of, any Administrative Agent or
any Lenders and including all other pledges, powers of attorney, assignments, contracts and letter
of credit agreements whether heretofore, now or hereafter executed by or on behalf of any Loan
Party, or any employee of any Loan Party, and delivered to any Administrative Agent or any Lender
in connection with this Agreement or the transactions contemplated thereby. Any reference in this
Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or
schedules thereto, and all amendments, restatements, supplements or other modifications thereto,
and shall refer to this Agreement or such Loan Document as the same may be in effect at any and all
times such reference becomes operative.



          “Loan Parties” means, collectively, the Borrowers and the Guarantors.



          “Mandatory Cost” means, with respect to any period, the percentage rate per annum
determined in accordance with Schedule 2.20.



          “Market Disruption Event” means:





     (a) at or about noon on the Quotation Day for the relevant Interest Period the Screen
Rate is not available and none or only one of the Reference Banks supplies a rate to the
French Administrative Agent to determine EURIBOR for the relevant currency and Interest
Period; or





     (b) before close of business in London on the Quotation Day for the relevant Interest
Period, the Agent receives notifications from a Lender or Lenders (whose participations in
the Term Loan exceed 33 per cent of the Term Loan) that the cost to it of obtaining matching
deposits in the Relevant Interbank Market would be in excess of EURIBOR.



          “Material Adverse Effect” means a material adverse effect on (a) the business,
operations, property or condition, financial or otherwise, of the Parent and the Subsidiaries taken
as a whole, (b) the ability of any Borrower to perform any of its payment obligations under the




17











 




Loan Documents or (c) the rights of or benefits available to the Lenders under the Loan
Documents.




          “Material Indebtedness” means Indebtedness (other than the Loans and Letters of
Credit), or obligations in respect of one or more Swap Agreements, of any one or more of the Parent
and its Subsidiaries in an aggregate principal amount exceeding $5,000,000. For purposes of
determining Material Indebtedness, the “principal amount” of the obligations of the Parent or any
Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount
(giving effect to any netting agreements) that the Parent or such Subsidiary would be required to
pay if such Swap Agreement were terminated at such time.




          “Maturity Date” means the fourth anniversary of the Effective Date.




          “Maximum Rate” has the meaning set forth in Section 9.13; provided that it
shall only apply to Section 9.13.




          “Moody’s” means Moody’s Investors Service, Inc.




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




          “Net Income” means, for any period, the consolidated net income (or loss) of the
Parent and its Subsidiaries, determined on a consolidated basis in accordance with GAAP;
provided that there shall be excluded (a) the income (or deficit) of any Person (other than
a Subsidiary) in which the Parent or any of its Subsidiaries has an ownership interest, except to
the extent that any such income is actually received by the Parent or such Subsidiary in the form
of dividends or similar distributions and (b) the undistributed earnings of any Subsidiary (other
than a Loan Party) to the extent that the declaration or payment of dividends or similar
distributions by such Subsidiary is not at the time permitted by the terms of any contractual
obligation (other than under any Loan Document) or requirement of law applicable to such
Subsidiary.




          “Net Proceeds” means, with respect to any event, (a) the cash proceeds received in
respect of such event including any cash received in respect of any non-cash proceeds (including
any cash payments received by way of deferred payment of principal pursuant to a note or
installment receivable or purchase price adjustment receivable or otherwise, but excluding any
interest payments), but only as and when received, net of (b) the sum of (i) all reasonable fees
and out-of-pocket expenses paid to third parties (other than Affiliates) in connection with such
event, (ii) the amount of all payments required to be made as a result of such event to repay
Indebtedness (other than Loans) secured by such asset or otherwise subject to mandatory prepayment
as a result of such event and (iii) the amount of all taxes paid (or reasonably estimated to be
payable) and the amount of any reserves established to fund contingent liabilities reasonably
estimated to be payable, in each case during the year that such event occurred or the next
succeeding year and that are directly attributable to such event (as determined reasonably and in
good faith by a Financial Officer); provided that no cash proceeds realized in a single
transaction or series of related transactions shall constitute Net Proceeds unless such cash
proceeds shall exceed $100,000.




18









 





          “Net Worth” means, as of any date of determination, for the Parent and its
Subsidiaries on a consolidated basis, consolidated shareholders’ equity of the Parent and its
Subsidiaries as of that date determined in accordance with GAAP.




          “New Lender” has the meaning assigned to such term in Section 2.08(d).




          “New Pledgor” has the meaning assigned to such term in Section 5.11.




          “Nonrenewal Notice Date” has the meaning assigned to such term in Section 2.05(c)(ii).




          “Obligations” means all present and future obligations of every kind or nature of the
Borrowers or the Guarantors at any time and from time to time owed to either Administrative Agent,
the Issuing Bank, the Swingline Lenders or the Lenders or any one or more of them, under any one or
more of the Loan Documents or under any Swap Agreement or Cash Management Agreement, whether due or
to become due, matured or unmatured, liquidated or unliquidated, or contingent or noncontingent,
including obligations of performance as well as obligations of payment, and
including interest that accrues after the commencement of any proceeding under any
liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency,
reorganization, or similar debtor relief law by or against Borrower or a Restricted Subsidiary of
Borrower, whether or not allowed as a claim in such proceeding.




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




          “Overnight Rate” means, for any day, (a) with respect to any amount denominated in
dollars, the greater of the Federal Funds Effective Rate and a rate determined by the Domestic
Administrative Agent in accordance with banking industry rules on interbank compensation, and (b)
with respect to any amount denominated in an Alternative Currency, the rate of interest per annum
in an amount approximately equal to the Domestic Administrative Agent’s overdraft cost charged by
its correspondent bank, as determined by the Domestic Administrative Agent in its sole discretion.




          “Parent” means Mirion Technologies, Inc., a Delaware corporation.




          “Participant” has the meaning set forth in Section 9.04(c).




          “Participant Register” has the meaning set forth in Section 9.04(e).




          “Participating Member State” means any member state of the European Communities that
adopts or has adopted the euro as its lawful currency in accordance with legislation of the
European Community relating to Economic and Monetary Union.




          “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
and any successor entity performing similar functions.




19









 






     “Permitted Acquisitions” has the meaning assigned to such term in Section 6.04(f).



     “Permitted Encumbrances” means:




     (a) Liens imposed by law for Taxes that are not yet due or are being contested in
compliance with Section 5.04;




     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, lessor’s and
other like Liens imposed by law, arising in the ordinary course of business and securing
obligations that are not overdue by more than 90 days or are being contested in compliance
with Section 5.04;




     (c) pledges and deposits made in the ordinary course of business in compliance with
workers’ compensation, unemployment insurance and other social security laws or regulations
including, in the case of German Subsidiaries, security created or subsisting in order to
comply with the requirements of Section 8a of the German Altersteilzeitgesetz and of Section
7e of the German Social Security Code (Sozialgesetzbuch IV);




     (d) deposits to secure the performance of bids, trade contracts, government contracts,
leases, statutory obligations, surety, stay, customs and appeal bonds, performance bonds,
performance and completion guaranties and other obligations of a like nature, in each case
in the ordinary course of business;




     (e) judgment liens in respect of judgments that do not constitute an Event of Default
under clause (l) of Article VII;




     (f) easements, zoning restrictions, rights-of-way, licenses, reservations, covenants,
utility easements, building restrictions and similar encumbrances on real property imposed
by law or arising in the ordinary course of business that do not secure any monetary
obligations and do not materially detract from the value of the affected property or
interfere with the ordinary conduct of business of the Parent or any Subsidiary;




     (g) leases or subleases of real property that do not, in the aggregate, materially
detract from the value of such real property or interfere with the ordinary conduct of the
business conducted and proposed to be conducted at such real property;




     (h) any interest or title of a lessor under any capital lease; provided that
interest or title does not extend to any property other than the property leased by such
lessor to the Parent or any Subsidiary under such capital lease;




     (i) leases, licenses, subleases or sublicenses granted to other Persons in the ordinary
course of business which do not (i) interfere in any material respect with the business of
any Borrower or any other Loan Party or (ii) secure any Indebtedness for borrowed money;



20









 






     (j) pledges and deposits in the ordinary course of business securing insurance premiums
or reimbursement obligations under insurance policies, in each case payable to insurance
carriers that provide insurance to the Parent and its Subsidiaries;




     (k) Liens securing reimbursement obligations with respect to letters of credit which
encumber documents and other property relating to letters of credit and products and
proceeds thereof;




     (l) bankers’ liens in the nature of rights of setoff arising in the ordinary course of
business and consistent with industry practice;




     (m) Liens on the underlying commodity trading accounts or other brokerage accounts
incurred in the ordinary course of business;




     (n) Liens attaching solely to cash earnest money deposits in connection with
investments permitted pursuant to Section 6.04;




     (o) Liens in favor of customs and revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods in the ordinary
course of business;




     (p) precautionary financing statements with respect to a lessor’s rights in and to
personal property leased to such Person in the ordinary course of such Person’s business
other than through a capital lease; and




     (q) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for sale of goods entered into by the Parent or any Subsidiary in the ordinary
course of business and not prohibited by this Agreement;


provided that the term “Permitted Encumbrances” shall not include any Lien securing
Indebtedness.





     “Permitted Investments” means:




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




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




     (c) investments in certificates of deposit, banker’s acceptances and time deposits
maturing within 180 days from the date of acquisition thereof issued or guaranteed by or
placed with, and money market deposit accounts issued or offered by, any domestic office of
any commercial bank organized under the laws of the United



21









 







States of America or any State thereof which has a combined capital and surplus and
undivided profits of not less than $500,000,000;




     (d) marketable direct obligations issued by any state of the United States of America
or any political subdivision or any such state or any public instrumentality thereof
maturing within 180 days from the date of acquisition thereof and, at the time of
acquisition, having one of the two highest ratings obtainable from either S&P or Moody’s;




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




     (f) money market funds that (i) comply with the criteria set forth in Securities and
Exchange Commission Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA
by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000; and




     (g) other comparable short-term investments in the ordinary course of business utilized
by Foreign Subsidiaries or by the Parent in connection with its foreign operations.



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




          “Personal Property Security Act” means the Personal Property Security Act (Ontario),
as such legislation may be amended, renamed, replaced or otherwise modified from time to time, and
includes all regulations from time to time made under such legislation.




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




          “Prepayment Event” means any sale, transfer or other disposition (including pursuant
to a sale and leaseback transaction) of any property or asset of any Loan Party, other than sales,
transfers and dispositions in the ordinary course of business or to the Parent or another Loan
Party.




          “Pricing Level” means, as of each date of determination, the pricing level set forth
below opposite the Leverage Ratio based upon the Leverage Ratio set forth in the Compliance
Certificate most recently delivered to the Domestic Administrative Agent, provided that in
the event that a Compliance Certificate is not delivered by the date required by Section 5.01(c),
Pricing Level IV shall be deemed to exist until such time as a Compliance Certificate has been
delivered to the Domestic Administrative Agent:




22









 






	 	 	 
	Pricing Level	 	Leverage Ratio
	I

	 	Less than 1.25 to 1.00
	II

	 	Equal to or greater than 1.25 to 1.00 but less than
1.75 to 1.00
	III

	 	Equal to or greater than 1.75 to 1.00 but less than
2.25 to 1.00
	IV

	 	Equal to or greater than 2.25 to 1.00






          “Prime Rate” means the rate of interest per annum publicly announced from time to
time by JPMCB as its prime rate in effect at its office located at 270 Park Avenue, New York, New
York; each change in the Prime Rate shall be effective from and including the date such change is
publicly announced as being effective.




          “Qualifying French Lender” means (i) a credit institution (établissement de crédit)
licensed for the purpose of carrying out credit transactions (opérations de crédit) by the relevant
French authorities; (ii) a credit institution (établissement de crédit) having its registered
office in a member state of the European Union or in a state which is a party to the treaty on the
European Economic Area, so long as the relevant French authorities have been notified in advance by
the relevant authority of such state and provided that such credit institution carries out in
France only those credit transactions which it is authorized to carry out in its own state; or
(iii) a financial institution (établissement financier) having its registered office in a member
state of the European Union or in a state which is a party to the treaty on the European Economic
Area, which has obtained a certificate from the relevant authority of such state certifying that it
meets the conditions required for that purpose by that authority, so long as the relevant French
authorities have been notified in advance by the relevant authority of such state and provided that
such financial institution carries out in France only those credit transactions which it is
authorized to carry out in its own state.




          “Quotation Day” means, in relation to any period for which an Interest Rate is to be
determined, two TARGET Days before the first day of that period.




          “Reference Banks” means the principal London offices of JPMCB and such other banks as
may be appointed by French Administrative Agent from time to time in consultation with the French
Borrowers.




          “Register” has the meaning set forth in Section 9.04.




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




          “Relevant Interbank Market” means in relation to the euro, the European interbank
market and, in relation to any other currency, the London interbank market.




          “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures,
outstanding Term Loans and unused Commitments representing not less than 51% of the sum of the
total Revolving Credit Exposures, outstanding Term Loans and unused Commitments at such time.




23









 





          “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in the Parent or any Subsidiary,
or any payment (whether in cash, securities or other property), including any sinking fund or
similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such Equity Interests in the Parent or any Subsidiary or any option, warrant or
other right to acquire any such Equity Interests in the Parent or any Subsidiary.




          “Restricted Subsidiary” means, collectively, each Domestic Subsidiary, each French
Subsidiary, each German Subsidiary, each Canadian Subsidiary and each English Subsidiary.




          “Revolver Increase” has the meaning assigned to such term in Section 2.08(d).




          “Revolving Commitment” means, with respect to each Revolving Lender, the commitment of
such Revolving Lender to make Revolving Loans and to acquire participations in Letters of Credit
and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of
such Revolving Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) reduced
from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant
to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Revolving
Lender’s Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption
pursuant to which such Revolving Lender shall have assumed its Revolving Commitment, as applicable.
The initial aggregate amount of the Revolving Lenders’ Revolving Commitments is $30,000,000.




          “Revolving Credit Commitment Fee” has the meaning assigned to such term in
Section 2.11(a).




          “Revolving Credit Exposure” means, with respect to any Revolving Lender at any time,
the sum of the outstanding principal amount of such Revolving Lender’s Revolving Loans and its LC
Exposure and Swingline Exposure at such time.








          “Revolving
Lenders” means each Person having a Revolving
Commitment as set forth on Schedule 2.01
and any other Person that shall have become a party hereto as a Revolving Lender pursuant to an
Assignment and Assumption or Section 2.08, other than any such Person that ceases to be a party
hereto pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term
“Revolving Lenders” includes the Swingline Lender.








          “Revolving Loan” means a revolving loan made pursuant to Section 2.01(a).




          “S&P” means Standard & Poor’s.




          “Screen Rate” means:





     (a) in relation to LIBOR, the British Bankers’ Association Interest Settlement Rate for
the relevant currency and period; and



24









 






     (b) in relation to EURIBOR, the percentage rate per annum determined by the Banking
Federation of the European Union for the relevant period, displayed on the appropriate page
of the Reuters screen. If the agreed page is replaced or service ceases to be available,
the French Administrative Agent may specify another page or service displaying the
appropriate rate after consultation with the Parent and the Term Lenders.



          “SEC” means the United States Securities and Exchange Commission.




          “Specified Time” means a time determined in accordance with Schedule 1.01.




          “Sponsor Group” means American Capital, Ltd., together with American Capital Equity I,
LLC and American Capital Equity II, LP; and/or their respective Affiliates (including, as
applicable, funds administered or managed by, or under common management with, American Capital,
Ltd. or an Affiliate of American Capital, Ltd.).




          “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the aggregate of the
maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Board to which the Domestic Administrative Agent is
subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as
“Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include
those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute
eurocurrency funding and to be subject to such reserve requirements without benefit of or credit
for proration, exemptions or offsets that may be available from time to time to any Lender under
such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve percentage.




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




          “Subordinated Indebtedness” of a Person means any Indebtedness of such Person the
payment of which is subordinated to payment of the obligations under the Loan Documents on terms
and conditions reasonably satisfactory to the Domestic Administrative Agent.




          “subsidiary” means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity the accounts of
which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as
well as any other corporation, limited liability company, partnership, association or other entity
of which securities or other ownership interests representing more than 50% of the equity or more
than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, controlled or held. In relation to a
French company, “subsidiary” shall mean an entity of which that company has from time to time
direct or indirect control (as defined in article L.233-3 I and II of the French Code de Commerce).




          “Subsidiary” means any subsidiary of the Parent.




25









 





          “Swap Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom
stock or similar plan providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of the Parent or the Subsidiaries shall be a
Swap Agreement.




          “Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Revolving Lender at any
time shall be its Applicable Percentage of the total Swingline Exposure at such time.




          “Swingline Lender” means JPMCB, in its capacity as lender of Swingline Loans
hereunder.




          “Swingline Loan” means a Loan made pursuant to Section 2.04.




          “TARGET2” means Trans-European Automated Real-time Gross Settlement Express Transfer
payment system which utilizes a single shared platform and which was launched on November 19, 2007.




          “TARGET Day” means any day on which TARGET2 is open for the settlement of payments in
euro.




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




          “Term Borrowing” means a Domestic Term Borrowing or a French Term Borrowing.




          “Term Commitment” means, with respect to each Term Lender, such Lender’s Domestic Term
Commitment and such Lender’s French Term Commitment.




          “Term Lenders” means the Domestic Term Lenders and the French Term Lenders.




          “Term Loans” means the Domestic Term Loans and the French Term Loans.




          “Total Indebtedness” means, at any date, the aggregate principal amount of all
Indebtedness of the Parent and its Subsidiaries at such date, determined on a consolidated basis in
accordance with GAAP.




          “Transactions” means the execution, delivery and performance by the Borrowers of this
Agreement, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of
Credit hereunder.




26









 





          “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBO Rate, the Alternate Base Rate or EURIBOR.




          “United Kingdom” and “UK” means the United Kingdom of Great Britain and
Northern Ireland.




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




          SECTION 1.02 Classification of Loans and Borrowings. For purposes of this Agreement,
Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type
(e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar Revolving
Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving
Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g.,
a “Eurodollar Revolving Borrowing”).




          SECTION 1.03 Terms Generally. The definitions of terms herein shall apply equally to
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as
from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person
shall be construed to include such Person’s successors and assigns, (c) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (d) all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights.




          SECTION 1.04 Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, if any Borrower notifies the Domestic
Administrative Agent that such Borrower requests an amendment to any provision hereof to eliminate
the effect of any change occurring after the date hereof in GAAP or in the application thereof on
the operation of such provision (or if the Domestic Administrative Agent notifies any Borrower that
the Required Lenders request an amendment to any provision hereof for such purpose), regardless of
whether any such notice is given before or after such change in GAAP or in the application thereof,
then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith.




27









 





          SECTION 1.05 Currency Translations.




          (a) For purposes of this Agreement and the other Loan Documents, where the permissibility of a
transaction or determinations of required actions or circumstances depend upon compliance with, or
are determined by reference to, amounts stated in dollars, such amounts shall be deemed to refer to
dollars or Dollar Equivalents and any requisite currency translation shall be based on the Exchange
Rate and the permissibility of actions taken under Article VI shall not be affected by subsequent
fluctuations in exchange rates; provided that, if Indebtedness is incurred to refinance or
renew other Indebtedness, and such refinancing or renewal would cause the applicable dollar
denominated limitation to be exceeded if calculated at the Exchange Rate, such dollar denominated
limitation shall be deemed not to have been exceeded so long as (i) such refinancing or renewal
Indebtedness is denominated in the same currency as such Indebtedness being refinanced or renewed
and (ii) the principal amount of such refinancing or renewal Indebtedness does not exceed the
principal amount of such Indebtedness being refinanced or renewed except as permitted under
Section 6.01.




          (b) For purposes of all calculations and determinations under this Agreement, any amount in
any currency other than dollars shall be deemed to refer to dollars or Dollar Equivalents and any
requisite currency translation shall be based on the Exchange Rate, and all certificates delivered
under this Agreement shall express such calculations or determinations in dollars or Dollar
Equivalents.




ARTICLE II




THE CREDITS



          SECTION 2.01 Commitments. Subject to the terms and conditions set forth herein,
(a) each Revolving Lender agrees to make Revolving Loans to the Parent from time to time during the
Availability Period in an aggregate principal amount that will not result in (i) such Revolving
Lender’s Revolving Credit Exposure exceeding such Revolving Lender’s Revolving Commitment, (ii) the
sum of the aggregate Revolving Credit Exposures exceeding the aggregate Revolving Commitments or
(iii) the Dollar Equivalent of all Revolving Loans denominated in Alternative Currencies exceeding
the Alternative Currency Sublimit, (b) each Domestic Term Lender agrees to make Domestic Term Loans
on the Effective Date to the Parent in an amount equal to such Domestic Term Lender’s Domestic Term
Commitment and (c) each French Term Lender agrees to make French Term Loans on the Effective Date
to the French Borrowers in an amount equal to such French Term Lender’s French Term Commitment.
Within the foregoing limits and subject to the terms and conditions set forth herein, Parent may
borrow, prepay and reborrow Revolving Loans.




          SECTION 2.02 Loans and Borrowings. (a) Each Revolving Loan shall be made as part of
a Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with
their respective Revolving Commitments. The Term Loans shall be made on the Effective Date as part
of Borrowings consisting of Loans made by (i) the Domestic Term Lenders ratably in accordance with
their respective Domestic Term Commitments and (ii) the French Term Lenders ratably in accordance
with their respective French Term Commitments. The failure of any Lender to make any Loan required
to be made by it shall not relieve any other




28









 




Lender of its obligations hereunder; provided that the Commitments of the Lenders are
several and no Lender shall be responsible for any other Lender’s failure to make Loans as
required.




          (b) Subject to Section 2.13, (i) each Revolving Borrowing and Domestic Term Borrowing shall be
comprised entirely of ABR Loans (which shall be denominated in dollars) or Eurodollar Loans as the
Parent may request in accordance herewith and (ii) each French Term Borrowing shall be comprised
entirely of Eurodollar Loans (which shall be denominated in euro) as the applicable French Borrower
may request in accordance herewith. Each Swingline Loan shall be an ABR Loan. Each Lender at its
option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such
Lender to make such Loan; provided that any exercise of such option shall not affect the
obligation of the applicable Borrower to repay such Loan in accordance with the terms of this
Agreement.




          (c) At the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 (or in units
of 1,000,000 in the case of any Borrowing in an Alternative Currency) and not less than $1,000,000
(or in units of 1,000,000 in the case of any Borrowing in an Alternative Currency). At the time
that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is
an integral multiple of $500,000 and not less than $500,000; provided that an ABR Revolving
Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total
Revolving Commitments or that is required to finance the reimbursement of an LC Disbursement as
contemplated by Section 2.05(e). Each Swingline Loan shall be in an amount that is an integral
multiple of $50,000 and not less than $250,000. ABR Loans shall be denominated only in dollars.
Borrowings of more than one Type and Class may be outstanding at the same time; provided that there
shall not at any time be more than a total of ten Eurodollar Revolving Borrowings outstanding.




          (d) Notwithstanding any other provision of this Agreement, the Borrowers shall not be entitled
to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with
respect thereto would end more than one month after the Maturity Date.




          SECTION 2.03 Requests for Borrowings. To request a Revolving Borrowing or a Domestic
Term Borrowing, the applicable Borrower shall notify the Domestic Administrative Agent of such
request by telephone (a) in the case of a Eurodollar Borrowing, not later than the Specified Time
three Business Days before the date of the proposed Borrowing, or (b) in the case of an ABR
Borrowing, the Specified Time one Business Day before the date of the proposed Borrowing; provided
that any such notice of an ABR Revolving Borrowing to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.05(e) may be given not later than the Specified Time on
the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable
and shall be confirmed promptly by hand delivery or telecopy to the Domestic Administrative Agent
of a written Borrowing Request in a form approved by such Administrative Agent and signed by the
applicable Borrower. To request a French Term Borrowing, the applicable Borrower shall notify the
French Administrative Agent of such request by hand delivery or telecopy to the French
Administrative Agent of a written Borrowing Request in a form approved by the French Administrative
Agent and signed by the applicable Borrower not later than the Specified Time three Business Days
before the date of the




29









 




proposed Borrowing. Each such telephonic and written Borrowing Request shall specify the
following information in compliance with Section 2.02:





          (i) the aggregate amount of the requested Borrowing;




          (ii) the date of such Borrowing, which shall be a Business Day;




          (iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar
Borrowing;




          (iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the
term “Interest Period”;




          (v) the location and number of the applicable Borrower’s account to which funds
are to be disbursed, which shall comply with the requirements of Section 2.06;




          (vi) the identity of the applicable Borrower;




          (vii) in the case of a Borrowing to be made on the Effective Date, whether such
Borrowing is a Revolving Borrowing or a Term Borrowing; and




          (viii) in the case of a Revolving Borrowing denominated in an Alternative
Currency, the Currency of the requested Borrowing.


If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an
ABR Borrowing (if denominated in dollars) or a Eurodollar Borrowing (if denominated in an
Alternative Currency). If no election as to the Currency of a Revolving Borrowing is specified,
then the requested Revolving Borrowing shall be denominated in dollars. If no Interest Period is
specified with respect to any requested Eurodollar Borrowing, then the applicable Borrower shall be
deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of
a Borrowing Request in accordance with this Section, the applicable Administrative Agent shall
advise each applicable Lender of the details thereof and of the amount of such Lender’s Loan to be
made as part of the requested Borrowing.




          SECTION 2.04 Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans in dollars to the Parent from time to
time during the Availability 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
$5,000,000 or (ii) the sum of the total Revolving Credit Exposures exceeding the total Revolving
Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to
refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and
conditions set forth herein, the Parent may borrow, prepay and reborrow Swingline Loans.




          (b) To request a Swingline Loan, the Parent shall notify the Domestic Administrative Agent of
such request by telephone (confirmed by telecopy), by not later than the




30









 




Specified Time on the day of a proposed Swingline Loan. Each such notice shall be irrevocable
and shall specify the requested date (which shall be a Business Day) and amount of the requested
Swingline Loan. The Domestic Administrative Agent will promptly advise the Swingline Lender of any
such notice received from the Parent. The Swingline Lender shall make each Swingline Loan
available to the Parent by means of a credit to the general deposit account of the Parent with the
Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an LC
Disbursement as provided in Section 2.05(e), by remittance to the Issuing Bank) by the Specified
Time on the requested date of such Swingline Loan.




          (c) The Swingline Lender may by written notice given to the Domestic Administrative Agent not
later than the Specified Time on any Business Day require the Revolving Lenders to acquire
participations on such Business Day in all or a portion of the Swingline Loans outstanding. Such
notice shall specify the aggregate amount of Swingline Loans in which Revolving Lenders will
participate. Promptly upon receipt of such notice, the Domestic Administrative Agent will give
notice thereof to each Revolving Lender, specifying in such notice such Revolving Lender’s
Applicable Percentage of such Swingline Loan or Loans. Each Revolving Lender hereby absolutely and
unconditionally agrees, upon receipt of notice as provided above, to pay to the Domestic
Administrative Agent, for the account of the Swingline Lender, such Revolving Lender’s Applicable
Percentage of such Swingline Loan or Loans. Each Revolving Lender acknowledges and agrees that its
obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and
unconditional and shall not be affected by any circumstance whatsoever, including the occurrence
and continuance of a Default or reduction or termination of the Commitments, and that each such
payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each
Revolving Lender shall comply with its obligation under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.06 with respect to
Revolving Loans made by such Lender (and Section 2.06 shall apply, mutatis
mutandis, to the payment obligations of the Revolving Lenders), and the Domestic
Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from
the Revolving Lenders. The Domestic Administrative Agent shall notify the Parent of any
participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments
in respect of such Swingline Loan shall be made to the Domestic Administrative Agent and not to the
Swingline Lender. Any amounts received by the Swingline Lender from the Parent in respect of a
Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations
therein shall be promptly remitted to the Domestic Administrative Agent; any such amounts received
by the Domestic Administrative Agent shall be promptly remitted by the Domestic Administrative
Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph and
to the Swingline Lender, as their interests may appear; provided that any such payment so
remitted shall be repaid to the Swingline Lender or to the Domestic Administrative Agent, as
applicable, if and to the extent such payment is required to be refunded to a Borrower for any
reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not
relieve the Parent of any default in the payment thereof.




          SECTION 2.05 Letters of Credit. (a) General. Subject to the terms and
conditions set forth herein, the Parent may request the issuance of Letters of Credit for its own
account or the account of any of its Subsidiaries, in a form reasonably acceptable to the Domestic
Administrative Agent and the Issuing Bank, at any time and from time to time during




31









 




the Availability Period. In the event of any inconsistency between the terms and conditions
of this Agreement and the terms and conditions of any form of letter of credit application or other
agreement submitted by the Parent, or entered into by the Parent, the Issuing Bank relating to any
Letter of Credit, the terms and conditions of this Agreement shall control.




          (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter
of Credit), the Parent shall hand deliver or telecopy (or transmit by electronic communication, if
arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the
Domestic Administrative Agent (reasonably in advance of the requested date of issuance, amendment,
renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the
Letter of Credit to be amended, renewed or extended, and specifying the date of issuance,
amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of
Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such
Letter of Credit, the currency of such amount (which shall be in dollars or an Alternative
Currency), the name and address of the beneficiary thereof and such other information as shall be
necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing
Bank, the Parent also shall submit a letter of credit application on the Issuing Bank’s standard
form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued,
amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each
Letter of Credit the Parent shall be deemed to represent and warrant that), after giving effect to
such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $15,000,000 and
(ii) the sum of the total Revolving Credit Exposures shall not exceed the total Revolving
Commitments.




          (c) Expiration Date. (i) Each Letter of Credit shall expire at or prior to the close
of business on the earlier of (A) the date one year after the date of the issuance of such Letter
of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or
extension) and (B) the date that is five Business Days prior to the Maturity Date, subject to
subclause (ii) below.





     (ii) If the Parent so requests in any applicable letter of credit application,
the Issuing Bank may, in its sole and absolute discretion, agree to issue a Letter
of Credit that has automatic renewal provisions (each, an “Auto-Renewal Letter
of Credit”); provided further that any such Auto-Renewal Letter of
Credit must permit the Issuing Bank to prevent any such renewal at least once in
each twelve month period (commencing with the date of issuance of such Letter of
Credit) by giving prior notice to the beneficiary thereof not later than a day (the
“Nonrenewal Notice Date”) in each such twelve month period to be agreed upon
at the time such Letter of Credit is issued. Unless otherwise directed by the
Issuing Bank, the Parent shall not be required to make a specific request to the
Issuing Bank for any such renewal. Once an Auto-Renewal Letter of Credit has been
issued, the Lenders shall be deemed to have authorized (but may not require) the
Issuing Bank to permit the renewal of such Letter of Credit at any time to an expiry
date not later than the date that is five Business Days prior to the Maturity Date;
provided that the Issuing Bank shall not permit any such renewal if (A) the
Issuing Bank has determined that it would have no obligation at such



32









 







time to issue such Letter of Credit in its renewed form under the terms hereof,
or (B) it has received notice (which may be by telephone or in writing) on or before
the day that is five Business Days before the Nonrenewal Notice Date (1) from the
Administrative Agents that the Required Lenders have elected not to permit such
renewal or (2) from the Administrative Agents, any Revolving Lender or any Borrower
that one or more of the applicable conditions specified in Section 4.02 is not then
satisfied.



          (d) Participations.





     (i) By the issuance of a Letter of Credit (or an amendment to a Letter of
Credit increasing the amount thereof) and without any further action on the part of
the Issuing Bank or the Revolving Lenders, the Issuing Bank hereby grants to each
Revolving Lender, and each Revolving Lender hereby acquires from the Issuing Bank, a
participation in such Letter of Credit equal to such Revolving Lender’s Applicable
Percentage of the aggregate amount available to be drawn under such Letter of
Credit. In consideration and in furtherance of the foregoing, each Revolving Lender
hereby absolutely and unconditionally agrees to pay to the Domestic Administrative
Agent, for the account of the Issuing Bank, such Revolving Lender’s Applicable
Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by
the Parent on the date due as provided in paragraph (e) of this Section, or of any
reimbursement payment required to be refunded to the Parent for any reason. Each
Revolving Lender acknowledges and agrees that its obligation to acquire
participations pursuant to this paragraph in respect of Letters of Credit is
absolute and unconditional and shall not be affected by any circumstance whatsoever,
including any amendment, renewal or extension of any Letter of Credit or the
occurrence and continuance of a Default or reduction or termination of the Revolving
Commitments, and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever.




     (ii) On the Effective Date, without further action by any party hereto, each
Issuing Bank that has issued an Existing Letter of Credit shall be deemed to have
granted to each Revolving Lender, and each Revolving Lender shall be deemed to have
acquired from such Issuing Bank, a participation in such Existing Letter of Credit
in an amount equal to its Applicable Percentage of the maximum amount that is or at
any time may become available to be drawn thereunder. Such participations shall be
on all the same terms and conditions as participations granted in Letters of Credit
under Section 2.05(d)(ii).



          (e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a
Letter of Credit, the Parent shall reimburse such LC Disbursement by paying to the Domestic
Administrative Agent an amount equal to such LC Disbursement not later than 12:00 noon, New York
City time, on the date that such LC Disbursement is made, if the Parent shall have received notice
of such LC Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice
has not been received by the Parent prior to such time on such date, then not later than 12:00
noon, New York City time, on (i) the Business Day that the Parent receives




33









 




such notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of
receipt, or (ii) the Business Day immediately following the day that the Parent receives such
notice, if such notice is not received prior to such time on the day of receipt; provided
that, if such LC Disbursement is not less than $250,000, the Parent may, subject to the conditions
to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be
financed with an ABR Revolving Borrowing or Swingline Loan in an equivalent amount and, to the
extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced
by the resulting ABR Revolving Borrowing or Swingline Loan. If the Parent fails to make such
payment when due, the Domestic Administrative Agent shall notify each Revolving Lender of the
applicable LC Disbursement, the payment then due from the Parent in respect thereof and such
Revolving Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each
Revolving Lender shall pay to the Domestic Administrative Agent its Applicable Percentage of the
payment then due from the Parent, in the same manner as provided in Section 2.06 with respect to
Loans made by such Revolving Lender (and Section 2.06 shall apply, mutatis
mutandis, to the payment obligations of the Lenders), and the Domestic Administrative Agent
shall promptly pay to the Issuing Bank the amounts so received by it from the Revolving Lenders.
Promptly following receipt by the Domestic Administrative Agent of any payment from the Parent
pursuant to this paragraph, the Domestic Administrative Agent shall distribute such payment to the
Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to this paragraph
to reimburse the Issuing Bank, then to such Revolving Lenders and the Issuing Bank as their
interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to
reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans
or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the
Parent of its obligation to reimburse such LC Disbursement.




          (f) Obligations Absolute. The Parent’s obligation to reimburse LC Disbursements drawn
under a Letter of Credit requested by the Parent as provided in paragraph (e) of this Section 2.05
shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance
with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i)
any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or
provision therein, (ii) any draft or other document presented under a Letter of Credit proving to
be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate
in any respect, (iii) payment by the Issuing Bank under a Letter of Credit against presentation of
a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any
other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might,
but for the provisions of this Section 2.05, constitute a legal or equitable discharge of, or
provide a right of setoff against, the Parent’s obligations hereunder. None of the Domestic
Administrative Agent, the Revolving Lenders nor the Issuing Bank, nor any of their Related Parties,
shall have any liability or responsibility by reason of or in connection with the issuance or
transfer of any Letter of Credit or any payment or failure to make any payment thereunder
(irrespective of any of the circumstances referred to in the preceding sentence), or any error,
omission, interruption, loss or delay in transmission or delivery of any draft, notice or other
communication under or relating to any Letter of Credit (including any document required to make a
drawing thereunder), any error in interpretation of technical terms or any consequence arising from
causes beyond the control of the Issuing Bank; provided that the foregoing shall not be
construed to excuse the Issuing Bank from liability to the




34









 




Parent to the extent of any direct damages (as opposed to consequential damages, claims in
respect of which are hereby waived by the Parent to the extent permitted by applicable law)
suffered by the Parent that are caused by the Issuing Bank’s failure to exercise care when
determining whether drafts and other documents presented under a Letter of Credit comply with the
terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or
wilful misconduct on the part of the Issuing Bank (as finally determined by a court of competent
jurisdiction), the Issuing Bank shall be deemed to have exercised care in each such determination.
In furtherance of the foregoing and without limiting the generality thereof, the parties agree
that, with respect to documents presented which appear on their face to be in substantial
compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion,
either accept and make payment upon such documents without responsibility for further
investigation, regardless of any notice or information to the contrary, or refuse to accept and
make payment upon such documents if such documents are not in strict compliance with the terms of
such Letter of Credit.




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




          (h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then,
unless the Parent shall reimburse such LC Disbursement in full on the date such LC Disbursement is
made, the unpaid amount thereof shall bear interest, for each day from and including the date such
LC Disbursement is made to but excluding the date that the Parent reimburses such LC Disbursement,
at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Parent
fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05,
then Section 2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the
account of the Issuing Bank, except that interest accrued on and after the date of payment by any
Lender pursuant to paragraph (e) of this Section 2.05 to reimburse the Issuing Bank shall be for
the account of such Lender to the extent of such payment.




          (i) Replacement of the Issuing Bank. The Issuing Bank may be replaced at any time by
written agreement among the Parent, the Domestic Administrative Agent, the replaced Issuing Bank
and the successor Issuing Bank. The Domestic Administrative Agent shall notify the Revolving
Lenders of any such replacement of the Issuing Bank. At the time any such replacement shall become
effective, the Parent shall pay all unpaid fees accrued for the account of the replaced Issuing
Bank pursuant to Section 2.11(b). From and after the effective date of any such replacement, (i)
the successor Issuing Bank shall have all the rights and obligations of the Issuing Bank under this
Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to
the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank,
or to such successor and all previous Issuing Banks, as the context shall require. After the
replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and
shall continue to have all the rights and




35









 




obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued
by it prior to such replacement, but shall not be required to issue additional Letters of Credit.




          (j) Cash Collateralization. If any Event of Default shall occur and be continuing, on
the Business Day that the Parent receives notice from the Domestic Administrative Agent or the
Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with LC
Exposure representing greater than 51% of the total LC Exposure) demanding the deposit of cash
collateral pursuant to this paragraph, Parent shall deposit in a separate account with the Domestic
Administrative Agent, in the name of the Domestic Administrative Agent and for the benefit of the
Revolving Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued and
unpaid interest thereon; provided that the obligation to deposit such cash collateral shall
become effective immediately, and such deposit shall become immediately due and payable, without
demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the
Borrowers described in clause (i) or (j) of Article VII. Such deposit shall be held by the
Domestic Administrative Agent as collateral for the payment and performance of the obligations of
the Parent under this Agreement. The Domestic Administrative Agent shall have exclusive dominion
and control, including the exclusive right of withdrawal, over such account. Other than any
interest earned on the investment of such deposits, which investments shall be made at the sole
discretion of the Domestic Administrative Agent and at the risk and expense of the Parent, such
deposits shall not bear interest. Interest or profits, if any, on such investments shall
accumulate in such accounts. Moneys in such accounts shall be applied by the Domestic
Administrative Agent to reimburse the Issuing Bank for LC Disbursements of the Parent for which it
has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of
the reimbursement obligations of the LC Exposure at such time or, if the maturity of the Loans has
been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing
greater than 51% of the total LC Exposure), be applied to satisfy other obligations of the
Borrowers under this Agreement. If the Parent is required to provide an amount of cash collateral
hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not
applied as aforesaid) shall be returned to the Parent within three Business Days after all Events
of Default have been cured or waived.




          SECTION 2.06 Funding of Borrowings. (a) Each Lender shall make each Loan to be made
by it hereunder on the proposed date thereof by wire transfer of immediately available funds to the
account of the applicable Administrative Agent or an Affiliate thereof most recently designated by
it for such purpose (and with respect to the applicable Currency) by notice to the Lenders, by the
Specified Time; provided that Swingline Loans shall be made as provided in Section 2.04.
The Domestic Administrative Agent will make Revolving Loans available to the Parent by promptly
crediting the amounts so received, in like funds, to an account of the Parent maintained with the
Domestic Administrative Agent in New York City and designated by the Parent in the applicable
Borrowing Request (or, in the case of any Loan with respect to which the Parent shall have
requested funding in an Alternative Currency, to such account in such jurisdiction as the Parent
shall have designated in the applicable Borrowing Request); provided that ABR Revolving
Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e) shall
be remitted by the Domestic Administrative Agent to the Issuing Bank. The Domestic Administrative
Agent will make the Domestic Term Loans available to the Parent by wire transfer of the amounts so
received, in like funds, to such




36









 




accounts, as the Parent shall have designated in the applicable Borrowing Request. The French
Administrative Agent will make the French Term Loans available to the applicable French Borrower by
wire transfer of the amounts so received, in like funds, to such accounts, as such French Borrower
shall have designated in the applicable Borrowing Request.




          (b) Unless an Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to such Administrative
Agent such Lender’s share of such Borrowing, such Administrative Agent may assume that such Lender
has made such share available on such date in accordance with paragraph (a) of this Section 2.06
and may, in reliance upon such assumption, make available to the applicable Borrower a
corresponding amount. In such event, if a Lender has not in fact made its share of the applicable
Borrowing available to the applicable Administrative Agent, then the applicable Lender and the
applicable Borrower severally agree to pay to such Administrative Agent forthwith on demand such
corresponding amount with interest thereon, for each day from and including the date such amount is
made available to such Borrower to but excluding the date of payment to such Administrative Agent,
at (i) in the case of such Lender, the Overnight Rate or (ii) in the case of a Borrower, the
interest rate applicable to ABR Loans. If such Lender pays such amount to an Administrative Agent,
then such amount shall constitute such Lender’s Loan included in such Borrowing.




          SECTION 2.07 Interest Elections. (a) Each Revolving Borrowing and Term Borrowing
initially shall be of the Type (and in the case of a Eurodollar Revolving Borrowing, the Currency)
specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall
have an initial Interest Period as specified in such Borrowing Request. Thereafter, the applicable
Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and,
in the case of a Eurodollar Borrowing, may elect Interest Periods (or, in the case of a Eurodollar
Revolving Borrowing, Currencies therefor), all as provided in this Section 2.07. Eurodollar Loans
denominated in Alternative Currencies may not be converted to Loans of a different Type. The
Borrowers may elect different options with respect to different portions of the affected Borrowing,
in which case each such portion shall be allocated ratably among the Lenders holding the Loans
comprising such Borrowing, and the Loans comprising each such portion shall be considered a
separate Borrowing. This Section 2.07 shall not apply to Swingline Borrowings, which may not be
converted or continued.




          (b) To make an election pursuant to this Section, the applicable Borrower shall notify the
applicable Administrative Agent of such election by telephone by the time that a Borrowing Request
would be required under Section 2.03 if the applicable Borrower were requesting a Borrowing of the
Type resulting from such election to be made on the effective date of such election. Each such
telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand
delivery or telecopy to the applicable Administrative Agent of a written Interest Election Request
in a form approved by such Administrative Agent and signed by the applicable Borrower.




          (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02:




37









 






     (i) the Borrowing to which such Interest Election Request applies and, if
different options are being elected with respect to different portions thereof, the
portions thereof to be allocated to each resulting Borrowing (in which case the
information to be specified pursuant to clauses (iii) and (iv) below shall be
specified for each resulting Borrowing);




     (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;




     (iii) in the case of such continuation or conversion of a Revolving Borrowing,
whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing;




     (iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period
to be applicable thereto after giving effect to such election, which shall be a
period contemplated by the definition of the term “Interest Period”; and




     (v) if the resulting Borrowing is a Eurodollar Revolving Borrowing, the
Currency of the resulting Borrowing.



          If any such Interest Election Request requests a Eurodollar Borrowing but does not specify (x)
an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest
Period of one month’s duration or (y) in the case of a Eurodollar Revolving Borrowing, a Currency,
then the applicable Borrower shall be deemed to have selected a Borrowing denominated in dollars
(in the case of an initial Eurocurrency Borrowing) or the same Currency as the Eurocurrency
Revolving Borrowing being continued.




          (d) Promptly following receipt of an Interest Election Request, the applicable Administrative
Agent shall advise each Lender of the details thereof and of such Lender’s portion of each
resulting Borrowing.




          (e) If the Parent fails to deliver a timely Interest Election Request with respect to a
Eurodollar Revolving Borrowing prior to the end of the Interest Period applicable thereto, then,
unless such Borrowing is repaid as provided herein, at the end of such Interest Period such
Borrowing (i) if denominated in dollars shall be converted to an ABR Borrowing and (ii) if
denominated in an Alternative Currency shall be converted to a one month Interest Period
denominated in the same Currency as the Eurocurrency Borrowing being continued. Notwithstanding
any contrary provision hereof, if an Event of Default has occurred and is continuing and the
Domestic Administrative Agent, at the request of the Required Lenders, so notifies the applicable
Borrower, then, so long as an Event of Default is continuing (i) no outstanding Revolving Borrowing
may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar
Revolving Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period
applicable thereto.




          SECTION 2.08 Termination, Reduction and Increase of Commitments. (a) The Term
Commitments shall terminate on the Effective Date and, unless previously terminated, the Revolving
Commitments shall terminate on the Maturity Date.




38









 





          (b) The Parent may at any time terminate, or from time to time reduce, the Revolving
Commitments; provided that (i) each reduction of the Revolving Commitments shall be in an
amount that is an integral multiple of $5,000,000 and not less than $5,000,000 and (ii) Parent
shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment
of the Revolving Loans in accordance with Section 2.10, the Revolving Credit Exposures would exceed
the total Revolving Commitments.




          (c) The Parent shall notify the Domestic Administrative Agent of any election to terminate or
reduce the Revolving Commitments under paragraph (b) of this Section 2.08 at least three Business
Days prior to the effective date of such termination or reduction, specifying such election and the
effective date thereof. Promptly following receipt of any notice, the Domestic Administrative
Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Parent
pursuant to this Section shall be irrevocable; provided that a notice of termination of the
Revolving Commitments delivered by the Parent may state that such notice is conditioned upon the
effectiveness of other credit facilities, in which case such notice may be revoked by the Parent
(by notice to the Domestic Administrative Agent on or prior to the specified effective date) if
such condition is not satisfied. Any termination or reduction of the Revolving Commitments shall
be permanent. Each reduction of the Revolving Commitments shall be made ratably among the Lenders
in accordance with their respective Revolving Commitments.




          (d) The Parent may at any time, by written notice to the Domestic Administrative Agent,
request that the Domestic Administrative Agent increase the total Revolving Commitments (a
“Revolver Increase”) by (i) adding one or more new lenders to the revolving credit facility
under this Agreement (each a “New Lender”) who wish to participate in such Revolver
Increase and/or (ii) increasing the Revolving Commitments of one or more Revolving Lenders party to
this Agreement who wish to participate in such Revolver Increase; provided, however, that (w) no
Default or Event of Default shall have occurred and be continuing as of the date of such request or
as of the effective date of such Revolver Increase (the “Increase Date”) or shall occur as
a result thereof, (x) any New Lender that becomes party to this Agreement pursuant to this
Section 2.08(d) shall satisfy the requirements of Section 9.04(b) hereof and shall be acceptable to
the Domestic Administrative Agent and consented to by the Parent and (y) the other conditions set
forth in Section 2.08(e) below are satisfied. The Domestic Administrative Agent shall use
commercially reasonable efforts to arrange for the syndication of any Revolver Increase. The
Domestic Administrative Agent shall promptly inform the Lenders of any such request made by the
Parent. The aggregate amount of Revolver Increases shall not exceed $25,000,000 and no single such
Revolver Increase shall be for an amount less than $5,000,000.




          (e) On each Increase Date, (i) each New Lender that has chosen to participate in such Revolver
Increase shall, subject to the conditions set forth in Section 2.08(d) hereof, become a Lender
party to this Agreement as of such Increase Date and shall have a Revolving Commitment in an amount
equal to its share of the Revolver Increase and (ii) each Revolving Lender that has chosen to
increase its Revolving Commitment pursuant to Section 2.08(d) will have its Revolving Commitment
increased by the amount of its share of the Revolver Increase as of such Increase Date;
provided, however, that the Domestic Administrative Agent shall have (y) received
from the Parent all out-of-pocket costs and expenses incurred by the Domestic




39









 





Administrative Agent in connection with such Revolver Increase and (z) received on or before
such Increase Date the following, each dated such date:





     (i) certified copies of resolutions of the governing body of each Loan Party
approving the Revolver Increase and the corresponding modifications, if any, to the
Loan Documents required under subclause (vi) below, together with a certificate of
the Parent certifying that there have been no changes to the constitutive documents
of the Parent since the Effective Date, or if there have been changes, copies
certified by the Parent of all such changes;




     (ii) an Assignment and Assumption from each New Lender participating in the
Revolver Increase, if any, duly executed by such New Lender, the Domestic
Administrative Agent and the Parent;




     (iii) confirmation from each Revolving Lender participating in the Revolver
Increase of the increase in the amount of its Revolving Commitment, in form and
substance satisfactory to the Domestic Administrative Agent;




     (iv) a certificate of the Parent certifying that no Default or Event of Default
shall have occurred and be continuing or shall occur as a result of such Revolver
Increase;




     (v) a certificate of the Parent certifying that the representations and
warranties made by the Parent herein and in the other Loan Documents are true and
complete in all material respects with the same force and effect as if made on and
as of such date (or, to the extent any such representation or warranty specifically
relates to an earlier date, such representation or warranty is true and complete in
all material respects as of such earlier date); and




     (vi) supplements or modifications to the Loan Documents and such additional
Loan Documents, including any new promissory notes to New Lenders and replacement
promissory notes to Revolving Lenders that agree to participate in such Revolver
Increase and request such promissory notes, that the Domestic Administrative Agent
reasonably deems necessary in order to document such Revolver Increase and otherwise
assure and give effect to the rights of the Domestic Administrative Agent and the
Revolving Lenders in the Loan Documents.




          (f) On each Increase Date, upon fulfillment of the conditions set forth in Section 2.08(d),
the Domestic Administrative Agent shall (i) effect a settlement of all outstanding Loans among the
Revolving Lenders that will reflect the adjustments to the Revolving Commitments of the Lenders as
a result of the Revolver Increase, including reflecting that each Lender holds its Applicable
Percentage of the Revolving Loans outstanding that are denominated in each Currency and (ii) notify
the Revolving Lenders, any New Lenders participating in the Revolver Increase and the Borrowers, on
or before the Specified Time, by telecopier or telex, of the occurrence of the Revolver Increase to
be effected on such Increase Date.



40









 





          SECTION 2.09 Repayment of Loans; Evidence of Debt.




          (a) (i) The Parent hereby unconditionally promises to pay to the Domestic Administrative
Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving
Loan made to the Parent by such Revolving Lender on the Maturity Date and (ii) the Parent hereby
unconditionally promises to pay to the Swingline Lender the then unpaid principal amount of each
Swingline Loan on the earlier of the Maturity Date and the first date after such Swingline Loan is
made that is the 15th or last day of a calendar month and is at least two Business Days after such
Swingline Loan is made; provided that on each date that a Revolving Borrowing is made to
the Parent, the Parent shall repay all Swingline Loans then outstanding. The Parent hereby
unconditionally promises to pay to the Domestic Administrative Agent for the account of each
Domestic Term Lender the Domestic Term Loans on the first Business Day of the month following each
date set forth below in the aggregate principal amount set forth opposite such date (as adjusted
from time to time pursuant to Section 2.10(c)):



	 	 	 	 	 
	Date	 	Amount
	June 30, 2010
	 	$	1,312,500	 
	September 30, 2010
	 	$	1,312,500	 
	December 31, 2010
	 	$	1,312,500	 
	March 31, 2011
	 	$	1,312,500	 
	June 30, 2011
	 	$	1,312,500	 
	September 30, 2011
	 	$	1,312,500	 
	December 31, 2011
	 	$	1,312,500	 
	March 31, 2012
	 	$	1,312,500	 
	June 30, 2012
	 	$	1,312,500	 
	September 30, 2012
	 	$	1,312,500	 
	December 31, 2012
	 	$	1,312,500	 
	March 31, 2013
	 	$	1,312,500	 
	June 30, 2013
	 	$	1,750,000	 
	September 30, 2013
	 	$	1,750,000	 
	December 31, 2013
	 	$	1,750,000	 
	Maturity Date
	 	$	1,750,000	 





The French Borrowers hereby unconditionally promise (jointly and severally) to pay to the French
Administrative Agent for the account of each French Term Lender the French Term Loans on the first
Business Day of the month following each date set forth below in the aggregate principal amount set
forth opposite such date (as adjusted from time to time pursuant to Section 2.10(c)):




	 	 	 
	Date	 	Amount
	June 30, 2010

	 	965,625 EUR
	September 30, 2010

	 	965,625 EUR
	December 31, 2010

	 	965,625 EUR
	March 31, 2011

	 	965,625 EUR
	June 30, 2011

	 	965,625 EUR
	September 30, 2011

	 	965,625 EUR






41









 







	 	 	 
	Date	 	Amount
	December 31, 2011

	 	965,625 EUR
	March 31, 2012

	 	965,625 EUR
	June 30, 2012

	 	965,625 EUR
	September 30, 2012

	 	965,625 EUR
	December 31, 2012

	 	965,625 EUR
	March 31, 2013

	 	965,625 EUR
	June 30, 2013

	 	1,287,500 EUR
	September 30, 2013

	 	1,287,500 EUR
	December 31, 2013

	 	1,287,500 EUR
	Maturity Date

	 	1,287,500 EUR





To the extent not previously paid, all unpaid Term Loans shall be paid in full in cash by the
applicable Borrowers on the Maturity Date.




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




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




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




          (e) Any Lender may request that Loans made by it to any Borrower be evidenced by a promissory
note. In such event, the applicable Borrower shall prepare, execute and deliver to such Lender a
promissory note payable to the order of such Lender (or, if requested by such Lender, to such
Lender and its registered assigns) and in a form approved by the Administrative Agents.
Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times
(including after assignment pursuant to Section 9.04) be represented by one or more promissory
notes in such form payable to the order of the payee named therein (or, if such promissory note is
a registered note, to such payee and its registered assigns).




          SECTION 2.10 Prepayment of Loans. (a) Each Borrower shall have the right at any time
and from time to time to prepay any of its Borrowings in whole or in part, subject to prior notice
in accordance with paragraph (b) of this Section 2.10.





42











 








          (b) The applicable Borrower shall notify the applicable Administrative Agent (and, in the case
of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of
any prepayment under clause (a) above (i) in the case of prepayment of a Eurodollar Borrowing, not
later than the Specified Time three Business Days before the date of prepayment, (ii) in the case
of prepayment of an ABR Borrowing, not later than the Specified Time one Business Day before the
date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than the
Specified Time on the date of prepayment. Each such notice shall be irrevocable and shall specify
the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid;
provided that, if a notice of prepayment is given in connection with a conditional notice
of termination of the Revolving Commitments as contemplated by Section 2.08, then such notice of
prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.08.
Promptly following receipt of any such notice relating to a Revolving Borrowing or a Term
Borrowing, the applicable Administrative Agent shall advise the Lenders of the contents thereof.
Each partial prepayment pursuant to clause (a) above of any Revolving Borrowing or Term Borrowing
shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of
the same Type as provided in Section 2.02. Each prepayment of a Revolving Borrowing shall be
applied ratably to the Loans included in the applicable prepaid Borrowing.



          (c) In the event and on each occasion that any Net Proceeds are received by or on behalf of
any Loan Party in respect of any Prepayment Event, the Borrowers shall, immediately after such Net
Proceeds are received by any Loan Party, prepay the outstanding principal amount of the Term Loans
in an aggregate amount equal to 100% of such Net Proceeds, to be applied (i) if such Net Proceeds
are received with respect to a Prepayment Event attributable to property or any asset of Parent or
any Domestic Guarantor, such Net Proceeds shall be applied first to the Domestic Term Loans and
second to the French Term Loans, (ii) if such Net Proceeds are received with respect to a
Prepayment Event attributable to property or any asset of a French Borrower or any Foreign
Guarantor, such Net Proceeds shall be applied to the French Term Loans and (iii) in either case to
be applied to installments of the Term Loans in inverse order of maturity; provided that no
such prepayment shall be required pursuant to this Section 2.10(c) if, with respect to any Net
Proceeds realized or received with respect to any Prepayment Event, at the option of the Parent,
and so long as no Event of Default shall have occurred and be continuing, the Parent reinvests or
causes to be reinvested all or any portion of such Net Proceeds in assets useful for its business
within two hundred and seventy (270) days of the receipt of such Net Proceeds; provided
further that if any Net Proceeds are not so reinvested within the time period set forth
above in this Section 2.10(c), an amount equal to any such Net Proceeds shall be promptly applied
to the prepayment of the Term Loans as set forth in this Section 2.10(c).



          (d) Within five Business Days after financial statements have been delivered pursuant to
Section 5.01(a) and the related Compliance Certificate has been delivered pursuant to
Section 5.01(c), the Parent shall prepay an aggregate principal amount of Term Loans equal to (i)
75% of Excess Cash Flow for the fiscal year covered by such financial statements in the case of the
fiscal years ending June 30, 2010 and June 30, 2011, and (ii) 75% of Excess Cash Flow for the
fiscal year covered by such financial statements in the case of the fiscal years ending June 30,
2012 and June 30, 2013 if the Leverage Ratio for either such fiscal year is greater than 1.00 to 1,



43









 





applied on a pro rata basis between the Domestic Term Loans and the French
Term Loans and applied to installments of such Term Loans in inverse order of maturity.




          (e) Upon the issuance of any Indebtedness pursuant to Section 6.01(k), the Parent shall,
within ten days of the receipt thereof, use 100% of the Net Proceeds (except to the extent used
substantially concurrently with such issuance to fund one or more Permitted Acquisitions) to prepay
the Loans, applied first on a pro rata basis between the Domestic Term Loans and
the French Term Loans and applied to installments of such Term Loans in inverse order of maturity
and second applied to the Revolving Loans (with corresponding reductions in the Revolving
Commitments).



          (f) If the Domestic Administrative Agent notifies the Borrowers at any time that:




     (i) the total Revolving Credit Exposures exceed the then current aggregate
Revolving Commitments, then, within two Business Days after receipt of such notice,
the Parent shall prepay Revolving Loans on a pro rata basis in an amount sufficient
to cause the total Revolving Credit Exposures to not exceed the then current
aggregate Revolving Commitments; or




     (ii) the outstanding amount of all Revolving Loans denominated in Alternative
Currencies at such time exceeds an amount equal to 105% of the Alternative Currency
Sublimit, then, within two Business Days after receipt of such notice, the Parent
shall prepay Revolving Loans on a pro rata basis in an aggregate amount sufficient
to reduce the outstanding amount of Revolving Loans denominated in Alternative
Currencies as of the date of payment to an amount not to exceed 100% of the
Alternative Currency Sublimit.



          (g) Prepayments shall be accompanied by accrued interest to the extent required by Section
2.12.



          SECTION 2.11 Fees. (a) The Parent agrees to pay to the Domestic Administrative Agent
for the account of each Revolving Lender a commitment fee (the “Revolving Credit Commitment
Fee”), which shall accrue at the Applicable Rate on the daily amount of the unused Revolving
Commitment of such Revolving Lender during the period from and including the Effective Date to but
excluding the date on which such Revolving Commitment terminates, whether or not prior to such time
all the conditions in Section 4.02 are met. Accrued Revolving Credit Commitment Fees shall be
payable quarterly in arrears on the third Business Day of January, April, July and October of each
year and on the date on which the Revolving Commitments terminate, commencing on the first such
date to occur after the date hereof. All Revolving Credit Commitment Fees shall be computed on the
basis of a year of 360 days and shall be payable for the actual number of days elapsed (including
the first day but excluding the last day).



          (b) The Parent agrees to pay (i) to the Domestic Administrative Agent for the account of each
Revolving Lender a participation fee with respect to its participations in Letters of Credit, which
shall accrue at the same Applicable Rate used to determine the interest rate



44









 





applicable to Eurodollar Revolving Loans on the average daily amount of such Lender’s LC
Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the
period from and including the Effective Date to but excluding the later of the date on which such
Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC
Exposure, and (ii) to the Issuing Bank a fronting fee, which shall accrue at the rate or rates per
annum separately agreed upon between the Parent and the Issuing Bank on the average daily amount of
the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements)
during the period from and including the Effective Date to but excluding the later of the date of
termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure,
as well as the Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or
extension of any Letter of Credit or processing of drawings thereunder. Participation fees and
fronting fees accrued through and including the last day of March, June, September and December of
each year shall be payable on the third Business Day following such last day, commencing on the
first such date to occur after the Effective Date; provided that all such fees shall be
payable on the date on which the Commitments terminate and any such fees accruing after the date on
which the Commitments terminate shall be payable on demand. Any other fees payable to the Issuing
Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation
fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable
for the actual number of days elapsed (including the first day but excluding the last day).




          (c) Each Borrower agrees to pay to each Administrative Agent, for its own account, fees
payable in the amounts and at the times separately agreed upon between such Borrower and any
Administrative Agent.



          (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds,
to the Domestic Administrative Agent (or to the Issuing Bank or the French Administrative Agent, in
the case of fees payable to such party) for distribution, in the case of Revolving Credit
Commitment Fee and participation fees, to the Revolving Lenders. Fees paid shall not be refundable
under any circumstances.



          SECTION 2.12 Interest. (a) The Revolving Loans comprising each ABR Borrowing
(including each Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable
Rate.



          (b) The Revolving Loans and the Domestic Term Loans comprising each Eurodollar Borrowing shall
bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus
the Applicable Rate.



          (c) The French Term Loans shall bear interest at EURIBOR for the Interest Period in effect for
the applicable Borrower plus the Applicable Rate.



          (d) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by any Borrower hereunder is not paid when due, whether at stated maturity,
upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan or in the
case of any other overdue amount in connection with any French Term Loan or



45









 





any Eurodollar Revolving Loan that is denominated in any Alternative Currency, 2% plus
the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section
2.12 or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as
provided in paragraph (a) of this Section 2.12; provided, that interest on any such overdue
amount with respect to Loans held by any French Borrower accruing as described in clause (i) above
shall be compounded with the overdue amount at the end of each Interest Period applicable to such
overdue amount if and only if, within the meaning of Article 1154 of the French Code civil, such
interest is due for a period of at least one year but will remain immediately due and payable.




          (e) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and, in the case of Revolving Loans, upon termination of the Revolving Commitments;
provided that (i) interest accrued pursuant to paragraph (d) of this Section 2.12 shall be
payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a
prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest
on the principal amount repaid or prepaid shall be payable on the date of such repayment or
prepayment and (iii) in the event of any conversion of any Loan prior to the end of the current
Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of
such conversion.



          (f) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is
based on the Prime Rate and interest for Loans denominated in Sterling shall be computed on the
basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the
actual number of days elapsed (including the first day but excluding the last day). The applicable
Alternate Base Rate, Adjusted LIBO Rate, LIBO Rate or EURIBOR shall be determined by the applicable
Administrative Agent, and such determination shall be conclusive absent manifest error.



          (g) To comply with the provisions of Articles L.313-4 and R.313-1 of the French Code monétaire
et financier and articles L.313-1, L.313-2 and R.313-1 to R.313-5 of the French Code de la
consommation, the French Borrowers and the Lenders agree that the effective global interest rate
for each of the Loans held by the French Borrowers cannot be calculated as of the Effective Date
for the entire duration of this Agreement; however, a letter which sets forth a sample
calculation of interest on the Loans shall be provided to the French Borrowers by the French
Administrative Agent on the Effective Date and prior to the making of any Loan to a French
Borrower. The French Borrowers and the Lenders acknowledge that this letter is an integral part of
this Agreement. For each Interest Period applicable to a French Term Loan, the French
Administrative Agent shall notify the relevant French Borrower of the actual global effective rate
(taux effectif global) applicable to such Interest Period.



          SECTION 2.13 Alternate Rate of Interest. (a) If prior to the commencement of any
Interest Period for a Eurodollar Borrowing of Revolving Loans:





          (i) The Domestic Administrative Agent determines (which determination shall be
conclusive absent manifest error) that adequate and



46









 







reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the
LIBO Rate, as applicable, for such Interest Period; or




     (ii) the Domestic Administrative Agent is advised by the Required Revolving
Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such
Interest Period will not adequately and fairly reflect the cost to such Revolving
Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in
such Borrowing for such Interest Period;


then the Domestic Administrative Agent shall give notice thereof to the Parent and the Revolving
Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Domestic
Administrative Agent notifies the Parent and the Revolving Lenders that the circumstances giving
rise to such notice no longer exist, (A) any Interest Election Request that requests the conversion
of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurodollar
Borrowing shall be ineffective and (B) if any Borrowing Request requests a Eurodollar Borrowing,
such Borrowing shall be made as an ABR Borrowing; provided that (x) if the circumstances
giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings
shall be permitted and (y) if the circumstances giving rise to such notice affect only one
Currency, then Borrowings in other Currencies shall be permitted.




          (b) Subject to the following sentence, if EURIBOR is to be determined by reference to the
Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the
Quotation Day, the applicable EURIBOR shall be determined on the basis of the quotations of the
remaining Reference Banks. If a Market Disruption Event occurs in relation to a French Term Loan
for any Interest Period, then the rate of interest on each French Term Lender’s share of that Loan
for the Interest Period shall be the percentage rate per annum which is the sum of (i) the
Applicable Margin, (ii) the rate notified to the French Administrative Agent by that Lender as soon
as practicable and in any event before interest is due to be paid in respect of that Interest
Period, to be that which expresses as a percentage rate per annum the cost to that Lender of
funding its participation in that Loan from whatever source it may reasonably select and (iii) the
Mandatory Cost, if any, applicable to that Lender’s participation in the Loan. If a Market
Disruption Event occurs and the French Administrative Agent or any French Borrower so requires, the
French Administrative Agent and the French Borrowers shall enter into negotiations (for a period of
not more than thirty days) with a view to agreeing a substitute basis for determining the rate of
interest. Any such alternative basis so agreed shall, with the prior consent of all the Term
Lenders and the French Borrowers, be binding on all parties.



          SECTION 2.14 Increased Costs. (a) If any Change in Law shall:




     (i) impose, modify or deem applicable any reserve, special deposit or similar
requirement against assets of, deposits with or for the account of, or credit
extended by, any Lender (except any such reserve requirement reflected in the
Adjusted LIBO Rate) or the Issuing Bank; or




     (ii) impose on any Lender or the Issuing Bank or the London interbank market
any other condition affecting this Agreement or Eurodollar Loans made by



47









 







such Lender or any Letter of Credit or participation therein (excluding any
such condition relating to Taxes (as to which Section 2.16 shall govern));


and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to
increase the cost to such Lender or the Issuing Bank of participating in, issuing or maintaining
any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or
the Issuing Bank hereunder (whether of principal, interest or otherwise), then the applicable
Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or
amounts as will compensate such Lender or the Issuing Bank, as the case may be, for such additional
costs incurred or reduction suffered.




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



          (c) A certificate of a Lender or the Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be,
as specified in paragraph (a) or (b) of this Section 2.14 shall be delivered to the Borrowers and
shall be conclusive absent manifest error. The applicable Borrower shall pay such Lender or the
Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days
after receipt thereof.



          (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation
pursuant to this Section 2.14 shall not constitute a waiver of such Lender’s or the Issuing Bank’s
right to demand such compensation; provided that the Borrowers shall not be required to
compensate a Lender or the Issuing Bank pursuant to this Section 2.14 for any increased costs or
reductions incurred more than 270 days prior to the date that such Lender or the Issuing Bank, as
the case may be, notifies the Borrowers of the Change in Law giving rise to such increased costs or
reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor;
provided further that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the 270-day period referred to above shall be extended to include
the period of retroactive effect thereof.



          (e) Notwithstanding any other provision of this Agreement, if, after the date hereof, (x) any
Change in Law shall make it unlawful for any Revolving Lender to make or maintain any Revolving
Loan denominated in an Alternative Currency or to give effect to its obligations as contemplated
hereby with respect to any such Loan or (y) there shall have



48









 





occurred any change in national or international financial, political or economic conditions
(including the imposition of or any change in exchange controls) or currency exchange rates that
would make it impracticable for any Revolving Lender to make or maintain Loans denominated in the
affected Currency, then, by written notice to the Parent and to the Domestic Administrative Agent:





     (i) such Revolving Lender or Revolving Lenders may declare that Revolving Loans
in the affected Currency or Currencies will not thereafter (for the duration of such
unlawfulness or impracticality) be made by such Revolving Lender or Revolving
Lenders hereunder (or, in the case of outstanding Loans, be continued for additional
Interest Periods), whereupon any request for a Borrowing in the affected Currency or
Currencies (or to continue a Borrowing in the affected Currency or Currencies for an
additional Interest Period) shall, as to such Revolving Lender or Lenders only, be
deemed a request for an Eurodollar Loan having an Interest Period of one month’s
duration and denominated in dollars at the Exchange Rate determined by the Domestic
Administrative Agent in accordance with this Agreement (or a request to convert a
Revolving Loan into a Eurodollar Loan having an Interest Period of one month’s
duration and denominated in dollars at the Exchange Rate determined by the Domestic
Administrative Agent in accordance with this Agreement on the last day of the then
current Interest Period with respect thereto), unless such declaration shall be
subsequently withdrawn; and




     (ii) such Lender may require that all outstanding Revolving Loans in the
affected Currency or Currencies made by it be converted to Eurodollar Revolving
Loans having an Interest Period of one month’s duration and denominated in dollars,
in which event all such Loans in the affected Currency or Currencies shall be
converted to Eurodollar Revolving Loans having an Interest Period of one month’s
duration and denominated in dollars, as of the effective date of such notice as
provided in paragraph (f) of this Section 2.14 and at the Exchange Rate determined
by the Domestic Administrative Agent in accordance with this Agreement on the date
of such conversion.



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



          (f) For purposes of paragraph (e) of this Section 2.14, a notice to the Parent by any
Revolving Lender shall be effective as to each Revolving Loan made by such Revolving Lender, if
lawful, on the last day of the Interest Period currently applicable to such Revolving Loan; in all
other cases such notice shall be effective on the date of receipt thereof by the Parent.



          SECTION 2.15 Break Funding Payments. In the event of (a) the payment of any
principal of any Eurodollar Loan other than on the last day of an Interest Period applicable



49









 




thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar
Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to
borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any notice
delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.10(b)
and is revoked in accordance therewith), or (d) the assignment of any Eurodollar Loan other than on
the last day of the Interest Period applicable thereto as a result of a request by a Borrower
pursuant to Section 2.18, then, in any such event, the applicable Borrower shall compensate each
applicable Lender for the loss, cost and expense attributable to such event. In the case of a
Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to include an amount
determined by such Lender to be the excess, if any, of (i) the amount of interest which would have
accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate
or EURIBOR, as applicable, that would have been applicable to such Loan (excluding, however the
Applicable Rate included therein, if any), for the period from the date of such event to the last
day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert
or continue, for the period that would have been the Interest Period for such Loan), over (ii) the
amount of interest which would accrue on such principal amount for such period at the interest rate
which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits
of a comparable amount and period from other banks in the eurodollar market. A certificate of any
Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section shall be delivered to the applicable Borrower and shall be conclusive absent manifest
error. The applicable Borrower shall pay such Lender the amount shown as due on any such
certificate within 10 days after receipt thereof.




          SECTION 2.16 Taxes. (a) Any and all payments by or on account of any obligation of
any Borrower hereunder shall be made free and clear of and without deduction for any Taxes;
provided that if any Borrower shall be required to deduct any Taxes from such payments,
then (i) if such Taxes are Indemnified Taxes or Other Taxes the sum payable shall be increased as
necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section) the applicable Administrative Agent, Lender or Issuing
Bank (as the case may be) receives an amount equal to the sum it would have received had no such
deductions been made, (ii) such Borrower shall make such deductions and (iii) such Borrower shall
pay the full amount deducted to the relevant Governmental Authority in accordance with applicable
law.



          (b) In addition, each Borrower shall pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.



          (c) The Borrowers shall severally but not jointly indemnify each Administrative Agent, each
Lender and the Issuing Bank, within 10 days after written demand therefor, for the full amount of
any Indemnified Taxes or Other Taxes levied, imposed or assessed on (and whether or not paid
directly by) such Administrative Agent, such Lender or the Issuing Bank, as the case may be, on or
with respect to any payment by or on account of any obligation of such Borrower hereunder
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) and any penalties, interest and reasonable expenses arising therefrom
or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount
of such payment or liability delivered to



50









 





a Borrower by a Lender or the Issuing Bank, or by any Administrative Agent on its own behalf
or on behalf of a Lender or the Issuing Bank, shall be conclusive absent manifest error. After an
Administrative Agent, any Lender or the Issuing Bank (as the case may be) learns of the imposition
of any Indemnified Taxes or Other Taxes, the Administrative Agent, such Lender or the Issuing Bank
(as the case may be) will act in good faith to promptly notify the Borrowers of their obligations
hereunder. In addition, the Borrower shall indemnify each Administrative Agent, each Lender and
the Issuing Bank for any incremental Taxes that may become payable by such Administrative Agent,
Lender or Issuing Bank as a result of any failure of the Borrower to pay any Taxes when due to the
appropriate Governmental Authority or to deliver to each Administrative Agent, pursuant to clause
(d), documentation evidencing the payment of Indemnified Taxes or Other Taxes.




          (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any
Borrower to a Governmental Authority and in any event within 90 days of any such payment being due,
such Borrower shall deliver to each Administrative Agent the original or a certified copy of a
receipt issued by such Governmental Authority evidencing such payment, a copy of the return
reporting such payment or other evidence of such payment reasonably satisfactory to the
Administrative Agents.



          (e) Any Lender that is entitled to an exemption from or reduction of withholding tax under the
applicable law, or any treaty to which such jurisdiction is a party, with respect to payments under
this Agreement or under any other Loan Document shall deliver to such Borrower (with a copy to each
Administrative Agent), at the time or times prescribed by applicable law, such properly completed
and executed documentation prescribed by applicable law or reasonably requested by such Borrower as
will permit such payments to be made without withholding or at a reduced rate. Without limiting
the generality of the foregoing, each Lender shall deliver to the Parent and the Administrative
Agents on or prior to the date on which such Lender becomes a party to this Agreement (and from
time to time thereafter upon the expiration or invalidity of any of the certificates or IRS forms
described below or upon the request of the Parent or an Administrative Agent, but only if such
Lender is legally entitled to do so), two (2) original copies of whichever of the following is
applicable:




     (i) duly completed and executed IRS Form W-8BEN (or any successor form)
claiming eligibility for benefits of an income tax treaty to which the United States
is a party;




     (ii) duly completed and executed IRS Form W-8ECI (or any successor form),
establishing that such party is not subject to deduction or withholding of United
States federal income tax;




     (iii) in the case of a party claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code, (x) a certificate to the effect
that such party is not (A) a “bank” described in Section 881(c)(3)(A) of the Code),
(B) a “10 percent shareholder” of the Parent described in Section 881(c)(3)(B) of
the Code or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C)
of the Code and (y) duly completed and executed IRS Form W-8BEN; or



51









 






     (iv) IRS Form W-9 (or any successor form), establishing that such party is not
subject to backup withholding or information reporting requirements.



          (f) If an Administrative Agent or a Lender determines, in its sole discretion, that it has
received a refund of any Taxes or Other Taxes as to which it has been indemnified by any Borrower
or with respect to which any Borrower has paid additional amounts pursuant to this Section 2.16, it
shall pay over such refund to such Borrower (but only to the extent of indemnity payments made, or
additional amounts paid, by such Borrower under this Section 2.16 with respect to the Taxes or
Other Taxes giving rise to such refund), net of all out-of-pocket expenses of such Administrative
Agent or such Lender and without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund); provided, that each Borrower, upon the
request of an Administrative Agent or such Lender, agrees to repay the amount paid over to such
Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to such Administrative Agent or such Lender in the event such Administrative Agent or
such Lender is required to repay such refund to such Governmental Authority. This Section shall not
be construed to require any Administrative Agent or any Lender to make available its tax returns
(or any other information relating to its taxes which it deems confidential) to the Borrowers or
any other Person.



          SECTION 2.17 Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Each
Borrower shall make each payment required to be made by it hereunder (whether of principal,
interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.14, 2.15
or 2.16, or otherwise) prior to the Specified Time at the place of payment, on the date when due,
in immediately available funds, without set off or counterclaim. Any amounts received after such
time on any date may, in the discretion of the applicable Administrative Agent, be deemed to have
been received on the next succeeding Business Day for purposes of calculating interest thereon.
All such payments shall be made to (i) the Domestic Administrative Agent at its offices at 270 Park
Avenue, New York, New York, in the case of payments denominated in dollars and (ii) the applicable
Administrative Agent at its offices at 125 London Wall, London, EC2Y 5AJ, United Kingdom, attention
of Alastair A. Stevenson, in the case of payments in respect of Revolving Loans denominated in
Alternative Currencies and in the case of payments in respect of French Term Loans, except payments
to be made directly to the Issuing Bank or Swingline Lender as expressly provided herein and except
that payments pursuant to Sections 2.14, 2.15, 2.16 and 9.03 shall be made directly to the Persons
entitled thereto. The applicable Administrative Agent shall distribute any such payments received
by it for the account of any other Person to the appropriate recipient promptly following receipt
thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for
payment shall be extended to the next succeeding Business Day, and, in the case of any payment
accruing interest, interest thereon shall be payable for the period of such extension. All
payments hereunder shall be made in dollars or, in the case of principal of and interest on any
Loan denominated in an Alternative Currency, the applicable Alternative Currency, as the case may
be. Except as provided in clause (c) below, each payment or prepayment of principal or payment of
interest in respect of a Borrowing of Loans shall be allocated ratably among the parties entitled
thereto.



          (b) If at any time insufficient funds are received by and available to the applicable
Administrative Agent to pay fully all amounts of principal, unreimbursed LC



52









 




Disbursements, interest and fees then due hereunder, such funds received on the account of
each Borrower shall be applied (i) first, towards payment of interest and fees then due hereunder
by such Borrower, ratably among the parties entitled thereto in accordance with the amounts of
interest and fees then due to such parties, (ii) second, towards payment of principal and
unreimbursed LC Disbursements then due hereunder by such Borrower, ratably among the parties
entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then
due to such parties and (iii) third, towards payment of Obligations under any Guaranty to which
such Borrower is a party.




          (c) If any Lender shall, by exercising any right of set off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Loans or participations in
LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater
proportion of the aggregate amount of its Loans and participations in LC Disbursements and
Swingline Loans and accrued interest thereon than the proportion received by any other Lender in
the applicable Class, then the Lender receiving such greater proportion shall purchase (for cash at
face value) participations in the Loans (and, if applicable, participations in LC Disbursements and
Swingline Loans) of other Lenders in the applicable Class to the extent necessary so that the
benefit of all such payments shall be shared by the Lenders in the applicable Class ratably in
accordance with the aggregate amount of principal of and accrued interest on their respective Loans
(and, if applicable, participations in LC Disbursements and Swingline Loans) in the applicable
Class; provided that (i) if any such participations are purchased and all or any portion of
the payment giving rise thereto is recovered, such participations shall be rescinded and the
purchase price restored to the extent of such recovery, without interest, and (ii) the provisions
of this paragraph shall not be construed to apply to any payment made by a Borrower pursuant to and
in accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements to any assignee or participant, other than to a Borrower or any
subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each
Borrower consents to the foregoing and agrees, to the extent it may effectively do so under
applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against any Borrowers rights of set-off and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of such Borrower in the amount of
such participation.



          (d) Unless the applicable Administrative Agent shall have received notice from a Borrower
prior to the date on which any payment is due to such Administrative Agent for the account of the
applicable Lenders or the Issuing Bank hereunder that such Borrower will not make such payment, the
applicable Administrative Agent may assume that such Borrower has made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the applicable Lenders
or the Issuing Bank, as the case may be, the amount due. In such event, if such Borrower has not
in fact made such payment, then each of the applicable Lenders or the Issuing Bank, as the case may
be, severally agrees to repay to the applicable Administrative Agent forthwith on demand the amount
so distributed to such Lender or Issuing Bank 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 such
Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by
such Administrative Agent in accordance with banking industry rules on interbank compensation.



53









 





          (e) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.04(c), 2.05(d) or (e), 2.06(b), 2.17(d) or 9.03(c), then the applicable Administrative Agent may,
in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter
received by such Administrative Agent for the account of such Lender to satisfy such Lender’s
obligations under such Sections until all such unsatisfied obligations are fully paid.



          SECTION 2.18 Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.14, or if any Borrower is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 2.16, then such Lender shall designate a different lending office for funding or booking
its Loans hereunder or assign its rights and obligations hereunder to another of its offices,
branches or affiliates, if, in the reasonable judgment of such Lender, such designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.14 or Section 2.16,
as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost
or expense and would not otherwise be disadvantageous to such Lender. Each Borrower hereby agrees
to pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment.



          (b) If any Lender requests compensation under Section 2.14, or if any Borrower is required to
pay any additional amount to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 2.16, or if any Lender becomes a Defaulting Lender, then the applicable
Borrower may, at its sole expense and effort, upon notice to such Lender and the applicable
Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in Section 9.04), all its interests, rights and
obligations under this Agreement to an assignee that shall assume such obligations (which assignee
may be another Lender, if a Lender accepts such assignment); provided that (i) such
Borrower shall have received the prior written consent of the applicable Administrative Agent (and
if a Revolving Commitment is being assigned, the Issuing Bank), which consent shall not
unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans (and, if applicable, participations in LC Disbursements and
Swingline Loans), accrued interest thereon, accrued fees and all other amounts payable to it
hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and
fees) or the applicable Borrower (in the case of all other amounts) and (iii) in the case of any
such assignment resulting from a claim for compensation under Section 2.14 or payments required to
be made pursuant to Section 2.16, such assignment will result in a reduction in such compensation
or payments. A Lender shall not be required to make any such assignment and delegation if, prior
thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the
applicable Borrower to require such assignment and delegation cease to apply.



          SECTION 2.19 Defaulting Lenders. Notwithstanding any provision of this Agreement to
the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply
for so long as such Lender is a Defaulting Lender:



          (a) fees shall cease to accrue on the unfunded portion of the Revolving Commitment of such
Defaulting Lender pursuant to Section 2.11(a);



54









 





          (b) the Revolving Commitment, Revolving Credit Exposure and Term Loans outstanding with
respect to such Defaulting Lender shall not be included in determining whether all Lenders or the
Required Lenders have taken or may take any action hereunder (including any consent to any
amendment or waiver pursuant to Section 9.02), provided that any waiver, amendment or modification
requiring the consent of all Lenders or each affected Lender which affects such Defaulting Lender
differently than other affected Lenders shall require the consent of such Defaulting Lender;



          (c) if any Swingline Exposure or LC Exposure exists at the time a Revolving Lender becomes a
Defaulting Lender then:




     (i) all or any part of such Swingline Exposure and LC Exposure shall be
reallocated among the non-Defaulting Lenders that are Revolving Lenders in
accordance with their respective Applicable Percentages but only to the extent (x)
the sum of all non-Defaulting Lenders’ Revolving Credit Exposures plus such
Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the total of
all non-Defaulting Lenders’ Revolving Commitments and (y) the conditions set forth
in Section 4.02 are satisfied at such time;




     (ii) if the reallocation described in clause (i) above cannot, or can only
partially, be effected, the Parent shall within one Business Day following notice by
Domestic Administrative Agent (x) first, prepay such Swingline Exposure and
(y) second, cash collateralize such Defaulting Lender’s LC Exposure (after
giving effect to any partial reallocation pursuant to clause (i) above) for so long
as such LC Exposure is outstanding;




     (iii) if Parent cash collateralizes any portion of such Defaulting Lender’s LC
Exposure pursuant to this Section 2.19(c), the Parent shall not be required to pay
any fees to such Defaulting Lender pursuant to Section 2.11(b) with respect to such
Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC
Exposure is cash collateralized;




     (iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant
to this Section 2.19(c), then the fees payable to the Revolving Lenders pursuant to
Section 2.11(a) and Section 2.11(b) shall be adjusted in accordance with such
non-Defaulting Lenders’ pro rata shares (based on their respective Revolving
Commitments); and




     (v) if any Defaulting Lender’s LC Exposure is neither cash collateralized nor
reallocated pursuant to this Section 2.19(c), then, without prejudice to any rights
or remedies of the Issuing Bank or any Revolving Lender hereunder, all letter of
credit fees payable under Section 2.11(b) with respect to such Defaulting Lender’s
LC Exposure shall be payable to the Issuing Bank until such LC Exposure is cash
collateralized and/or reallocated; and



          (d) so long as any Revolving Lender is a Defaulting Lender, the Swingline Lender shall not be
required to fund any Swingline Loan and the Issuing Bank shall not be



55









 




required to issue, amend or increase any Letter of Credit, unless it is satisfied that the
related exposure will be 100% covered by the Revolving Commitments of the non-Defaulting Lenders
and/or cash collateral will be provided by the Parent in accordance with Section 2.19(c), and
participating interests in any such newly issued or increased Letter of Credit or newly made
Swingline Loan shall be allocated among non-Defaulting Lenders that are Revolving Lenders in a
manner consistent with Section 2.19(c)(i) (and Defaulting Lenders shall not participate therein).



In the event that each Administrative Agent, the Parent, the Issuing Bank and the Swingline Lender
each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to
be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Revolving Lenders shall
be readjusted to reflect the inclusion of such Lender’s Revolving Commitment and on such date such
Revolving Lender shall purchase at par such of the Revolving Loans of the other Revolving Lenders
(other than Swingline Loans) as the Domestic Administrative Agent shall determine may be necessary
in order for such Revolving Lender to hold such Revolving Loans in accordance with its pro rata
share (based on its Revolving Commitment).




          SECTION 2.20 Additional Reserve Costs.



          (a) If and so long as any Lender is required to make special deposits, to maintain reserve
asset, liquidity or cash margin ratios, to pay fees or comply with other requirements (but for the
avoidance of doubt excluding requirements contemplated by Section 2.14(e)) of the Bank of England,
the Financial Services Authority of the United Kingdom or the European Central Bank, in each case
in respect of such Lender’s Eurodollar Loans in any Alternative Currency and pursuant to such
requirements, such Lender may require each applicable Borrower to pay, contemporaneously with each
payment of interest on each of such Loans, additional interest on such Loan at a rate per annum
equal to the Mandatory Cost calculated in accordance with Schedule 2.20 hereto.



          (b) Each Lender shall, in consultation with the applicable Borrower, take all reasonable steps
as may be available to it to mitigate any circumstances which arise and which would result in any
amount becoming payable under or pursuant to the Mandatory Cost including (but not limited to)
transferring its rights and obligations under this Agreement to another Affiliate or office or
offices through which it will perform its obligations under this Agreement; provided, that
any such Lender will not be required to take any such action if to do so would, in the judgment of
such Lender, be reasonably expected to have an adverse effect on its business, operations or
financial condition, cause it to incur liabilities or obligations or reduce its return in relation
to its participations in the Loans.



          (c) Each Lender shall supply the applicable Administrative Agent with any information required
by the applicable Administrative Agent in order to calculate the Mandatory Cost.



56









 





ARTICLE III




REPRESENTATIONS AND WARRANTIES



          Each Borrower represents and warrants to the Lenders that:



          SECTION 3.01 Organization; Powers. Each of the Borrowers and their respective
Subsidiaries is duly organized, validly existing and, where applicable, in good standing under the
laws of the jurisdiction of its organization, has all requisite power and authority to carry on its
business as now conducted and, except where the failure to do so, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect, is qualified to do
business in, and, where applicable, is in good standing in, every jurisdiction where such
qualification is required.



          SECTION 3.02 Authorization; Enforceability. The Transactions are within the
Borrowers’ corporate powers and have been duly authorized by all necessary corporate and, if
required, stockholder action. This Agreement has been duly executed and delivered by the Borrowers
and constitutes a legal, valid and binding obligation of each Borrower, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity, regardless
of whether considered in a proceeding in equity or at law.



          SECTION 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except such as have been obtained or made and are in full force and effect,
except for filings necessary to perfect the Liens on the Collateral granted by the Loan Parties
under the Loan Documents, (b) will not violate any applicable law or regulation, (c) will not
violate any charter, by-laws or other organizational documents of any of the Parent or any of its
Subsidiaries or any order of any Governmental Authority, (d) will not violate or result in a
default under any indenture, agreement or other instrument binding upon any of the Parent or any of
its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be
made by the Parent or any of its Subsidiaries, and (e) will not result in the creation or
imposition of any Lien (other than the Liens on the Collateral granted by the Loan Parties under
the Loan Documents) on any asset of any of the Parent or any of its Subsidiaries, except for, in
the case of clause (a), those consents, approvals, negotiations, filings, or actions, the failure
of which to obtain or make could not reasonably be expected to result in a Material Adverse Effect
and, in the case of clauses (b) and (d), with respect to any violation or default to the extent
such violation or default could not reasonably be expected to have a Material Adverse Effect.



          SECTION 3.04 Financial Condition; No Material Adverse Change. (a) The Parent has
heretofore furnished to the Lenders its consolidated balance sheet and statements of income,
stockholders equity and cash flows (i) as of and for the fiscal year ended June 30, 2009, reported
on by Ernst & Young LLP, independent public accountants, and (ii) as of and for the fiscal quarter
and the portion of the fiscal year ended September 30, 2009, certified by its chief financial
officer. Such financial statements present fairly, in all material respects, the financial
position and results of operations and cash flows of the Parent and its consolidated Subsidiaries
as of such dates and for such periods in accordance with GAAP, subject to year end audit



57









 




adjustments and the absence of footnotes in the case of the statements referred to in clause
(ii) above.




          (b) Since June 30, 2009, there has been no material adverse change in the business, assets,
operations or condition, financial or otherwise, of the Parent and its Subsidiaries, taken as a
whole.



          SECTION 3.05 Properties. (a) Each of the Parent and its Subsidiaries has good title
to, or valid leasehold interests in, all its real and personal property material to its business,
except for minor defects in title that do not interfere with its ability to conduct its business as
currently conducted or to utilize such properties for their intended purposes.



          (b) Each of the Parent and its Subsidiaries owns, or is licensed to use, all trademarks, trade
names, copyrights, patents and other intellectual property material to its business, and the use
thereof by the Parent and its Subsidiaries does not infringe upon the rights of any other Person,
except for any such infringements that, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect.



          SECTION 3.06 Litigation and Environmental Matters. (a) There are no actions, suits
or proceedings by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of the Borrowers, threatened against or affecting the Parent or any of its Subsidiaries
(i) that could reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect (other than the Disclosed Matters) or (ii) that involve this Agreement or the
Transactions.



          (b) Except for the Disclosed Matters and except with respect to any other matters that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect, neither the Parent nor any of its Subsidiaries (i) has failed to comply with any
Environmental Law or to obtain, maintain or comply with any permit, license or other approval
required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii)
has received notice of any claim with respect to any Environmental Liability or (iv) knows of any
basis for any Environmental Liability.



          (c) Since the date of this Agreement, there has been no change in the status of the Disclosed
Matters that, individually or in the aggregate, has resulted in a Material Adverse Effect.



          SECTION 3.07 Compliance with Laws and Agreements. Each of the Parent and its
Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority
applicable to it or its property and all indentures, agreements and other instruments binding upon
it or its property, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is
continuing.



          SECTION 3.08 Investment Company Status. None of the Loan Parties is required to be
registered as an “investment company” under the Investment Company Act of 1940, as amended.



58









 





          SECTION 3.09 Taxes. Each of the Parent and its Subsidiaries has timely filed or
caused to be filed all tax returns and reports required to have been filed and has paid or caused
to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in
good faith by appropriate proceedings and for which the Parent or such Subsidiary, as applicable,
has set aside on its books adequate reserves or (b) to the extent that the failure to do so could
not reasonably be expected to result in a Material Adverse Effect.



          SECTION 3.10 ERISA. No ERISA Event or ERISA Multiemployer Plan Event has occurred or
is reasonably expected to occur that, when taken together with all other such ERISA Events and
ERISA Multiemployer Plan Events for which liability is reasonably expected to occur, could
reasonably be expected to result in a Material Adverse Effect. No Plan (with respect to which the
Parent or any other Borrower has any liability or reasonable expectation of liability) is in “at
risk” status within the meaning of Section 430(i) of the Code or Section 303(i) of ERISA.



          SECTION 3.11 Disclosure. As of the Effective Date, each Borrower has disclosed to
the Lenders all agreements, instruments and corporate or other restrictions to which it or any of
its Subsidiaries is subject, and all other matters known to it, that, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect. Neither the
Information Memorandum nor any of the other reports, financial statements, certificates or other
information furnished by or on behalf of any Borrower to any Administrative Agent or any Lender in
connection with the negotiation of this Agreement or delivered hereunder (as modified or
supplemented by other information so furnished) contains, when taken as a whole, any material
misstatement of fact or omits to state any material fact necessary to make the statements therein,
in the light of the circumstances under which they were made and when furnished, not misleading;
provided that, with respect to projected financial information, each Borrower represents
only that such information was prepared in good faith based upon assumptions believed by such
Borrower to be reasonable at the time.



ARTICLE IV




CONDITIONS



          SECTION 4.01 Effective Date. The obligations of the Lenders to make Loans and of the
Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on
which each of the following conditions is satisfied (or waived in accordance with Section 9.02):



          (a) The Administrative Agents (or their counsel) shall have received (i) from each party
hereto either (A) a counterpart of this Agreement signed on behalf of such party or (B) written
evidence satisfactory to the Administrative Agents (which may include telecopy transmission of a
signed signature page of this Agreement) that such party has signed a counterpart of this
Agreement, (ii) from each Domestic Subsidiary, a duly executed Guaranty (Domestic Obligations),
(iii) from the Parent and each Restricted Subsidiary, a duly executed Guaranty (French
Obligations), (iv) the Domestic Security Documents, duly executed by each Domestic Subsidiary, the
Parent and the Domestic Administrative Agent, (v) the Canadian Security Documents, duly executed by
each Canadian Subsidiary, (vi) the French Security



59









 




Documents, duly executed by each French Subsidiary and the French Administrative Agent, (vii)
the English Security Agreement, duly executed by the English Chargor and the French Administrative
Agent, (viii) the English Share Charge, duly executed by Mirion Technologies (IST) Corporation and
the French Administrative Agent, (ix) the German Security Document, duly executed by Mirion
Technologies (Synodys) SA and the French Administrative Agent and (x) any promissory notes
requested by a Lender pursuant to Section 2.09 payable to the order of each such requesting Lender.




          (b) The Administrative Agents shall have received a favorable written opinion (addressed to
the Administrative Agents and the Lenders and dated the Effective Date) of (i) Seth Rosen, general
counsel for the Parent, substantially in the form of Exhibit B-1, (ii) Davis Polk and Wardwell
LLP, New York counsel for the Loan Parties, substantially in the form of Exhibit B-2, (iii)
Richards, Layton and Finger, P.A., Delaware counsel for the Loan Parties, substantially in the form
of Exhibit B-3, (iv) Davis Polk and Wardwell LLP, French counsel for the Loan Parties,
substantially in the form of part (a) of Exhibit B-3, (v) Mayer Brown International LLP, French
counsel for the Administrative Agents, substantially in the form of part (b) of Exhibit B-4, (vi)
Hengeler Mueller, German counsel for the Loan Parties, substantially in the form of part (a) of
Exhibit B-5, (vii) Mayer Brown LLP, German counsel for the Administrative Agents, substantially in
the form of part (b) of Exhibit B-5, (viii) Mayer Brown International LLP, English counsel for the
Administrative Agents, substantially in the form of Exhibit B-6 and (ix) Blake, Cassels and Graydon
LLP, Canadian counsel for the Loan Parties, substantially in the form of Exhibit B-7 and in each
case covering such other matters relating to the Loan Parties, this Agreement, the Transactions or
the Equity Offering as the Required Lenders shall reasonably request. The Borrowers hereby request
such counsel to deliver such opinion.



          (c) The Administrative Agents shall have received such documents, by-laws, memorandum of
association, articles of association and certificates as the Administrative Agents or their counsel
may reasonably request relating to the organization, existence and, where applicable, good standing
of the Loan Parties, the authorization of the Transactions and any other legal matters relating to
the Loan Parties, this Agreement or the Transactions, all in form and substance reasonably
satisfactory to the Administrative Agents and their counsel.



          (d) The Domestic Administrative Agent shall have received a certificate, dated the Effective
Date and signed by the President, a Vice President or a Financial Officer of the Parent, confirming
compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02.



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



          (f) The Parent shall have received gross proceeds of at least $100,000,000 from the Equity
Offering.



60









 





          (g) The Lenders shall have received (i) audited consolidated financial statements of the
Parent for the 2007 and 2008 fiscal years, (ii) unaudited interim consolidated financial statements
of the Parent for each fiscal quarter ended after the date of the latest applicable financial
statements delivered pursuant to clause (i) of this paragraph as to which such financial statements
are available.



          (h) The Administrative Agents shall have received the results of a recent lien search in each
of the jurisdictions in the United States, Canada, England and France where each of the Loan
Parties are incorporated or such other jurisdictions as the Administrative Agent may reasonably
require, and such search shall reveal no liens on any of the assets of the Loan Parties in such
jurisdictions except for liens permitted by Section 6.02 or discharged on or prior to the Effective
Date pursuant to a pay-off letter or other documentation reasonably satisfactory to the
Administrative Agents.



          (i) After giving effect to all Borrowings to be made on the Effective Date and the issuance of
any Letters of Credit on the Effective Date and payment of all fees and expenses due hereunder, and
with all of the Loan Parties’ Indebtedness, liabilities and obligations current, there shall be
Availability of at least $10,000,000.



          (j) The Domestic Administrative Agent shall have received evidence that the Loans which the
Lenders have agreed to provide pursuant to this Agreement shall have received a corporate credit
rating estimate from Moody’s or S&P acceptable to the Domestic Administrative Agent.



          (k) The Indebtedness described on Schedule 4.01 shall have been repaid in full with the
proceeds of the Loans and the Equity Offering substantially concurrently with the initial
extensions of credit to be made under this Agreement on the Effective Date.



          (l) The Administrative Agents shall have received (i) the certificates, if any, representing
the Equity Interests pledged pursuant to the Collateral Documents, together with an undated stock
power for each such certificate executed in blank by a duly authorized officer of the pledgor
thereof and (ii) each promissory note (if any) pledged to the Administrative Agents pursuant to the
Collateral Documents endorsed (without recourse) in blank (or accompanied by an executed transfer
form in blank) by the pledgor thereof.



          (m) Each document (including any Uniform Commercial Code or Personal Property Security Act
financing statement) required by the Collateral Documents or under law or reasonably requested by
the Administrative Agents to be filed, registered or recorded in order to create in favor of an
Administrative Agent, for the benefit of the Lenders, a perfected Lien on the Collateral described
therein in accordance with the Collateral Documents, prior and superior in right to any other
Person (other than with respect to Liens expressly permitted by Section 6.02), shall be in proper
form for filing, registration or recordation.


The Administrative Agents shall notify the Borrowers and the Lenders of the Effective Date, and
such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the
Lenders to make Loans and of the Issuing Bank to issue Letters of Credit hereunder shall not become
effective unless each of the foregoing conditions is satisfied (or waived pursuant to






61









 







Section 9.02) at or prior to the Specified Time, on April 9, 2010 (and, in the event such
conditions are not so satisfied or waived, the Commitments shall terminate at such time).




          SECTION 4.02 Each Credit Event. The obligation of each Lender to make a Loan on the
occasion of any Borrowing, and of the Issuing Bank to issue, amend, renew or extend any Letter of
Credit, is subject to the satisfaction of the following conditions:



          (a) The representations and warranties of the Borrowers set forth in this Agreement shall be
true and correct in all material respects on and as of the date of such Borrowing or the date of
issuance, amendment, renewal or extension of such Letter of Credit, as applicable, with the same
effect as if made on and as of such date except to the extent such representations and warranties
expressly relate to an earlier date and in such case, such representations and warranties shall be
true and correct in all material respects as of such date.



          (b) At the time of and immediately after giving effect to such Borrowing or the issuance,
amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have
occurred and be continuing.


Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be
deemed to constitute a representation and warranty by the applicable Borrower on the date thereof
as to the matters specified in paragraphs (a) and (b) of this Section 4.02.




ARTICLE V




AFFIRMATIVE COVENANTS



          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated (or, as to any outstanding Letters of Credit, such Letters of
Credit shall have been fully cash collateralized or backed by standby letters of credit reasonably
acceptable to the Issuing Bank) and all LC Disbursements shall have been reimbursed, each Borrower
covenants and agrees with the Lenders that:



          SECTION 5.01 Financial Statements; Ratings Change and Other Information. The
Borrowers will furnish to the Administrative Agents for distribution to each Lender:



          (a) within 90 days after the end of each fiscal year of the Parent each of the following:




     (i) audited consolidated balance sheets and related statements of operations,
stockholders’ equity and cash flows of the Parent and its Subsidiaries as of the end
of and for such year, setting forth in each case in comparative form the figures for
the previous fiscal year, all reported on by Ernst & Young LLP or other independent
public accountants of recognized national standing (without a “going concern” or
like qualification or exception and without any qualification or exception as to the
scope of such audit) to the effect that such consolidated financial statements
present fairly in all material respects the financial condition



62









 







and results of operations of the Parent and its consolidated Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied, and




     (ii) unaudited consolidating balance sheets and related statements of
operations, stockholders’ equity and cash flows for the Parent as of the end of and
for such year, setting forth in each case in comparative form the figures for the
previous fiscal year, all certified by one of its Financial Officers as presenting
fairly in all material respects the financial condition and results of operations of
the Parent on a consolidating basis in accordance with GAAP consistently applied;



          (b) within 45 days after the end of each of the first three fiscal quarters of each fiscal
year of the Parent, each of the following:




     (i) consolidated balance sheets and related statements of operations,
stockholders’ equity and cash flows of the Parent and its Subsidiaries as of the end
of and for such fiscal quarter and the then elapsed portion of the fiscal year,
setting forth in each case in comparative form the figures for the corresponding
period or periods of (or, in the case of balance sheets, as of the end of) the
previous fiscal year, all certified by one of its Financial Officers as presenting
fairly in all material respects the financial condition and results of operations of
the Parent and its consolidated Subsidiaries on a consolidated basis in accordance
with GAAP consistently applied, subject to normal year-end audit adjustments and the
absence of footnotes, and




     (ii) consolidating balance sheets and related statements of operations,
stockholders’ equity and cash flows of the Parent as of the end of and for such
fiscal quarter and the then elapsed portion of the fiscal year, setting forth in
each case in comparative form the figures for the corresponding period or periods of
(or, in the case of balance sheets, as of the end of) the previous fiscal year, all
certified by one of the Parent’s Financial Officers as presenting fairly in all
material respects the financial condition and results of operations of the Parent on
a consolidating basis in accordance with GAAP consistently applied, subject to
normal year-end audit adjustments and the absence of footnotes;



          (c) concurrently with any delivery of financial statements under clause (a) or (b) above (and
commencing with the delivery of such financial statements for the fiscal quarter of the Parent
ending June 30, 2010), a certificate of a Financial Officer (a “Compliance Certificate”) of
the Parent (i) certifying as to whether a Default has occurred and, if a Default has occurred,
specifying the details thereof and any action taken or proposed to be taken with respect thereto,
(ii) setting forth reasonably detailed calculations demonstrating compliance with Section 6.12 and
Section 2.10(d) and (iii) stating whether any change in GAAP or in the application thereof has
occurred since the date of the audited financial statements referred to in Section 3.04 and, if any
such change has occurred, specifying the effect of such change on the financial statements
accompanying such certificate;



63









 





          (d) as soon as available, but in any event within 60 days after the end of each fiscal year of
the Parent, an annual business plan and budget of such the Parent and its Subsidiaries on a
consolidated basis, including forecasts prepared by management of the Parent of consolidated
balance sheets and statements of income or operations and cash flows of the Parent and its
Subsidiaries on a quarterly basis for the immediately following fiscal year (including the fiscal
year in which the Maturity Date occurs);



          (e) concurrently with any delivery of financial statements under clause (a) above, a
certificate of the accounting firm that reported on such financial statements stating whether they
obtained knowledge during the course of their examination of such financial statements of any
Default under Section 6.12 (which certificate may be limited to the extent required by accounting
rules or guidelines);



          (f) promptly after the same become publicly available, copies of all periodic and other
reports (other than any report on Form S-8), proxy statements and other materials filed by the
Parent or any Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of
the functions of said commission, or any similar Governmental Authority in a jurisdiction other
than the United States, or with any national securities exchange, or distributed by the Parent to
its shareholders generally, as the case may be.



          (g) Documents required to be delivered pursuant to clauses (a), (b) and (f) above which are
made available via EDGAR, or any successor system of the SEC, in the Parent’s Annual Report on Form
10-K, Form 10-Q or Form 8-K, as applicable, shall be deemed delivered to the Lenders on the date
such documents are made so available; and



          (h) promptly following any request therefor, such other information regarding the operations,
business affairs and financial condition of the Parent or any Subsidiary, or compliance with the
terms of this Agreement, as any Administrative Agent or any Lender may reasonably request.



          SECTION 5.02 Notices of Material Events. The Parent will furnish to the
Administrative Agents for distribution to each Lender prompt written notice of the following:



          (a) the occurrence of any Default;



          (b) the filing or commencement of any action, suit or proceeding by or before any arbitrator
or Governmental Authority against or affecting the Parent or any Affiliate thereof that could
reasonably be expected to result in a Material Adverse Effect; and



          (c) the occurrence of any ERISA Event or ERISA Multiemployer Plan Event that, alone or
together with any other ERISA Events and ERISA Multiemployer Plan Events that have occurred, could
reasonably be expected to result in liability of the Parent and its Subsidiaries in an aggregate
amount exceeding $2,000,000.


Each notice delivered under this Section 5.02 shall be accompanied by a statement of a Financial
Officer or other officer of the Parent setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.







64









 









          SECTION 5.03 Existence; Conduct of Business. Each Borrower will, and will cause each
of its subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in
full force and effect its legal existence and the rights, licenses, permits, privileges and
franchises material to the conduct of its business; provided that the foregoing shall not
prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03.



          SECTION 5.04 Payment of Obligations. Each Borrower will, and will cause each of its
subsidiaries to, pay its obligations (including Tax liabilities but other than obligations with
respect to Indebtedness) that, if not paid, could reasonably be expected to result in a Material
Adverse Effect before the same shall become delinquent or in default, except where (a) the validity
or amount thereof is being contested in good faith by appropriate proceedings, (b) such Borrower or
such subsidiary has set aside on its books adequate reserves with respect thereto in accordance
with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected
to result in a Material Adverse Effect.



          SECTION 5.05 Maintenance of Properties; Insurance. Each Borrower will, and will
cause each of its subsidiaries to, (a) keep and maintain all property material to the conduct of
its business in good working order and condition, ordinary wear and tear excepted, (b) maintain,
with financially sound and reputable insurance companies, insurance in such amounts and against
such risks as are customarily maintained by companies engaged in the same or similar businesses
operating in the same or similar locations and (c) all insurance required pursuant to the
Collateral Documents.



          SECTION 5.06 Books and Records; Inspection Rights. Each Borrower will, and will
cause each of its subsidiaries to, keep proper books of record and account in which full, true and
correct (in all material respects) entries are made of all dealings and transactions in relation to
its business and activities. Each Borrower will, and will cause each of its subsidiaries to,
permit any representatives designated by any Administrative Agent or any Lender, upon reasonable
prior notice, to visit and inspect its properties, to examine and make extracts from its books and
records, and to discuss its affairs, finances and condition with its officers and independent
accountants, all at such reasonable times and as often as reasonably requested; provided
that (i) such visits by the Lenders shall be coordinated by the Administrative Agents and (ii) so
long as no Event of Default shall have occurred and be continuing, each Borrower shall not be
obligated to accommodate more than two such visits in any 12-month period or to reimburse the
Administrative Agent or any Lender for more than one such visit in any 12-month period.



          SECTION 5.07 Compliance with Laws. Each Borrower will, and will cause each of its
subsidiaries to, (a) comply with all laws, rules, regulations and orders of any Governmental
Authority applicable to it or its property and (b) promptly resolve any Environmental Liability, in
each case except where the failure to do so, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect.



          SECTION 5.08 Use of Proceeds and Letters of Credit. The proceeds of the Loans will
be used only to refinance certain Indebtedness of the Borrowers and the Subsidiaries and for
general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or
indirectly, for any purpose that entails a violation of any of the Regulations of the



65









 




Board, including Regulations T, U and X. In particular, no part of the proceeds of any French
Term Loan will be used, directly or indirectly, by any French Borrower to finance or refinance any
subscription or acquisition of its own shares to the extent that such financing or refinancing
would constitute unlawful financial assistance within the meaning of article L.225-216 of the
French Code de commerce.




          SECTION 5.09 Additional Guarantors. The Parent will, and will cause its Subsidiaries
to, promptly inform the Administrative Agents of the creation or acquisition of any direct or
indirect Subsidiary (subject to the provisions of Sections 6.03 and 6.04) and cause each direct or
indirect Restricted Subsidiary not in existence on the date hereof to (i) enter, to the extent
permitted under applicable law, into a Guaranty (French Obligations), (ii) in the case of any
Domestic Subsidiary, enter into a Guaranty (Domestic Obligations), (iii) enter into a joinder
agreement to each Collateral Document that any Administrative Agent shall reasonably request in
order to secure its Obligations under any Guaranty required to be entered into in accordance with
clause (i) or (ii) of this Section 5.09 and (iv) grant Liens to any Administrative Agent, for the
benefit of the Administrative Agents and the Lenders, in any property of such Subsidiary which
constitutes Collateral, including any parcel of real property located in the United States owned by
such Subsidiary and having a fair market value in excess of $2,500,000. In connection therewith,
the Parent or any applicable Subsidiary shall provide such resolutions, certificates and opinions
of counsel as shall be reasonably requested by any Administrative Agent.



          SECTION 5.10 Further Assurances.



          (a) Each Loan Party will cause the issued and outstanding Equity Interests pledged pursuant to
any of the Collateral Documents to be subject at all times to a first priority, perfected Lien in
favor of any Administrative Agent as the Administrative Agents shall reasonably request.



          (b) Without limiting the foregoing, each Loan Party will, and will cause each Subsidiary to,
execute and deliver, or cause to be executed and delivered, to the Administrative Agents such
documents, agreements and instruments, and will take or cause to be taken such further actions
(including the filing and recording of financing statements, fixture filings, mortgages, deeds of
trust and other documents and such other actions or deliveries of the type required by Section
4.01, as applicable), which may be required by law or which any Administrative Agent may, from time
to time, reasonably request to carry out the terms and conditions of this Agreement and the other
Loan Documents and to ensure perfection and priority of the Liens created or intended to be created
by the Collateral Documents, all at the expense of the Loan Parties.



          SECTION 5.11 Pledge of Shares of German Subsidiary. By not later than the four-month
anniversary of the Effective Date or such later time as the French Administrative Agent shall agree
in its sole discretion, the Parent will cause to be delivered to the French Administrative Agent a
pledge of all of the ownership interests in Mirion Technologies (RADOS) GmbH, a German Subsidiary
of the Parent, from the Parent or Subsidiaries which hold such interests (each, a “New
Pledgor”) in order to secure the Obligations of the New Pledgor under the Guaranty (French
Obligations), together with joinders to the Guaranty (French




66












 




Obligations) from each New Pledgor and opinions of counsel reasonably satisfactory to the
French Administrative Agent.




ARTICLE VI




NEGATIVE COVENANTS



          Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired
or terminated (or, as to any outstanding Letters of Credit, such Letters of Credit shall have been
fully cash collateralized or backed by standby letters of credit reasonably acceptable to the
Issuing Bank) and all LC Disbursements shall have been reimbursed, each Borrower covenants and
agrees with the Lenders that:




          SECTION 6.01 Indebtedness. No Borrower will, nor will it permit any of its
subsidiaries to, create, incur, assume or permit to exist any Indebtedness, except:




          (a) Indebtedness created under the Loan Documents;




          (b) Indebtedness existing on the date hereof or Indebtedness incurred pursuant to existing
lines of credit, in each case as set forth in Schedule 6.01 and extensions, renewals and
replacements of any such Indebtedness that do not increase the outstanding principal amount
thereof;




          (c) Indebtedness of the Parent to any Subsidiary and of any Subsidiary to the Parent or any
other Subsidiary;




          (d) Guarantees by the Parent of Indebtedness of any Subsidiary and by any Subsidiary of
Indebtedness of the Parent or any other Subsidiary;




          (e) Indebtedness of the Parent or any Subsidiary incurred to finance the acquisition,
construction or improvement of any fixed or capital assets, including Capital Lease Obligations and
any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien
on any such assets prior to the acquisition thereof, and extensions, renewals and replacements of
any such Indebtedness that do not increase the outstanding principal amount thereof;
provided that (i) such Indebtedness is incurred prior to or within 90 days after such
acquisition or the completion of such construction or improvement and (ii) the aggregate principal
amount of Indebtedness permitted by this clause (e) shall not exceed $20,000,000 at any time
outstanding;




          (f) Indebtedness of the Parent or any Subsidiary as an account party in respect of trade
letters of credit;




          (g) other unsecured Indebtedness in an aggregate principal amount not exceeding $10,000,000 at
any time outstanding; provided that the aggregate principal amount of Indebtedness of the
Parent’s Subsidiaries permitted by this clause (g) shall not exceed $5,000,000 at any time
outstanding;





67









 








          (h) obligations in respect of surety, stay, customs and appeal bonds, performance bonds and
performance and completion guarantees provided by the Parent or any Subsidiary or obligations in
respect of letters of credit related thereto, in each case in the ordinary course of business or
consistent with past practice;




          (i) Indebtedness of a Person or acquired assets that is the subject of a Permitted Acquisition
which Indebtedness was in existence at the time of such Permitted Acquisition and not incurred in
contemplation thereof, and extensions, renewals and replacements of any such Indebtedness incurred
pursuant to this clause (i) that do not increase the outstanding principal amount thereof;
provided that the aggregate principal amount of Indebtedness permitted by this clause (i)
shall not exceed $10,000,000 at any time outstanding;




          (j) Indebtedness incurred in a Permitted Acquisition or disposition permitted hereunder under
agreements providing for indemnification, the adjustment of the purchase price earn-out or similar
obligations;




          (k) Subordinated Indebtedness of the Parent in an aggregate principal amount not to exceed
$50,000,000 at any time outstanding; provided, that in the case of incurrence of any such
Indebtedness in an amount of $10,000,000 or more, (i) such Subordinated Indebtedness shall be on
terms and conditions no more restrictive than those set forth in this Agreement, (ii) such
Subordinated Indebtedness shall not provide for scheduled principal payments prior to the Maturity
Date and (iii) prior to any such incurrence, the Parent shall have demonstrated compliance with
Section 6.12 on a pro forma basis after giving effect to such incurrence; and




          (l) Indebtedness of Loan Parties in an aggregate principal amount not to exceed $2,000,000 at
any time outstanding.




          SECTION 6.02 Liens. No Borrower will, nor will it permit any of its subsidiaries to,
create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights
in respect of any thereof, except:




          (a) Permitted Encumbrances;




          (b) Liens pursuant to any Loan Document;




          (c) any Lien on any property or asset of the Parent or any Subsidiary existing on the date
hereof and set forth in Schedule 6.02; provided that (i) such Lien shall not apply to any
other property or asset of the Parent or any Subsidiary and (ii) such Lien shall secure only those
obligations which it secures on the date hereof and extensions, renewals and replacements thereof
that do not increase the outstanding principal amount thereof;




          (d) any Lien existing on any property or asset prior to the acquisition thereof by the Parent
or any Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary
after the date hereof prior to the time such Person becomes a Subsidiary; provided that (i)
such Lien is not created in contemplation of or in connection with such acquisition or such Person
becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or
assets of the Parent or any Subsidiary (other than the proceeds or products






68









 







thereof and after-acquired property subjected to a Lien pursuant to terms existing at the time
of such acquisition, it being understood that such requirement shall not be permitted to apply to
any property to which such requirement would not have applied but for such acquisition) and (iii)
such Lien shall secure only those obligations which it secures on the date of such acquisition or
the date such Person becomes a Subsidiary, as the case may be and extensions, renewals and
replacements thereof that do not increase the outstanding principal amount thereof;




          (e) Liens on fixed or capital assets acquired, constructed or improved by the Parent or any
Subsidiary; provided that (i) such security interests secure Indebtedness permitted by
clause (e) of Section 6.01, (ii) such security interests and the Indebtedness secured thereby are
incurred prior to or within 90 days after such acquisition or the completion of such construction
or improvement, (iii) the Indebtedness secured thereby does not exceed 90% of the cost of
acquiring, constructing or improving such fixed or capital assets and (iv) such security interests
shall not apply to any other property or assets of the Parent or any Subsidiary, and extensions,
renewals and replacements thereof that do not increase the outstanding principal amount thereof;




          (f) Liens securing Indebtedness outstanding pursuant to Section 6.01(l) or other obligations
not exceeding $2,000,000 in aggregate principal amount;




          (g) any Lien arising under the general terms and conditions of banks or Sparkassen (Allgemeine
Geschäftsbedingungen der Banken oder Sparkassen) with whom any German Subsidiary maintains a
banking relationship in the ordinary course of business; and




          (h) any Lien arising under any retention of title or conditional sale arrangement or
arrangements having similar effect in respect of goods supplied to a German Subsidiary in the
ordinary course of trading and on the supplier’s standard or usual terms.




          SECTION 6.03 Fundamental Changes and Asset Sales. (a) No Borrower will, nor will it
permit any of its Subsidiaries to, merge into or consolidate with any other Person, or permit any
other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of
(in one transaction or in a series of transactions) all or any substantial part of its assets, or
all or substantially all of the stock of any of its Subsidiaries (in each case, whether now owned
or hereafter acquired), or liquidate or dissolve, except that, if at the time thereof and
immediately after giving effect thereto no Default shall have occurred and be continuing (i) any
Subsidiary may merge into the Parent in a transaction in which the Parent is the surviving
corporation, (ii) any Subsidiary may merge into any Subsidiary in a transaction in which the
surviving entity is a Subsidiary, (iii) any Subsidiary may sell, transfer, lease or otherwise
dispose of its assets, including all or substantially all of the stock of any of its Subsidiaries,
to the Parent or to another Subsidiary so long as any such assets that constitute Collateral
continue to be subject to the first priority security interest of the applicable Administrative
Agent, (iv) any Subsidiary may liquidate or dissolve if the Parent determines in good faith that
such liquidation or dissolution is in the best interests of the Borrowers and is not materially
disadvantageous to the Lenders; provided that any such merger involving a Person that is
not a wholly owned Subsidiary immediately prior to such merger shall not be permitted unless also
permitted by Section 6.04, (v) the Parent or any Subsidiary may sell, transfer, lease or otherwise
dispose of inventory, cash or Permitted Investments, in each case in the ordinary course of
business, (vi) the Parent or any Subsidiary may sell, transfer, lease or otherwise dispose of
obsolete, used, surplus,






69









 







no longer used or useful or worn out property, whether now owned or hereafter acquired, (vii)
the Parent or any Subsidiary may sell, transfer, lease or otherwise dispose of property to the
extent that (A) such property is exchanged for credit against the purchase price of similar
replacement property or (B) the proceeds of such disposition are promptly applied to the purchase
price of such replacement property, and (viii) the Parent or any Subsidiary may sell, transfer,
lease or otherwise dispose of property so long as the consideration received therefrom in cash
shall not exceed $10,000,000 in the aggregate in any fiscal year of the Parent.




          (b) No Borrower will, nor will it permit any of its subsidiaries to, engage to any material
extent in any business other than businesses of the type conducted by the Parent and its
Subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto.




          SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions. No Borrower
will, nor will it permit any of its subsidiaries to, purchase, hold or acquire (including pursuant
to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any
capital stock, evidences of indebtedness or other securities (including any option, warrant or
other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to,
Guarantee any obligations of, or make or permit to exist any investment or any other interest in,
any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions)
any assets of any other Person constituting a business unit, except:




          (a) Permitted Investments;




          (b) investments existing on the Effective Date and as set forth on Schedule 6.04;




          (c) investments by the Parent or any Subsidiary in the capital stock of any Subsidiary;
provided that investments by a Loan Party after the Effective Date in the capital stock of
Subsidiaries that are not Loan Parties (or do not become Loan Parties pursuant to Section 5.09
substantially concurrently with such investment) shall not be permitted pursuant to this clause
(c);




          (d) loans or advances made by the Parent to any Subsidiary and made by any Subsidiary to the
Parent or any other Subsidiary;




          (e) Guarantees constituting Indebtedness permitted by Section 6.01;




          (f) Acquisitions meeting the following requirements or otherwise approved by the Required
Lenders (each such Acquisition constituting a “Permitted Acquisition”):





     (i) as of the date of the consummation of such Acquisition, no Default shall
have occurred and be continuing or would result from such Acquisition, and the
representations and warranties contained in Article III shall be true both
before and after giving effect to such Acquisition;




     (ii) such Acquisition is consummated on a non-hostile basis pursuant to a
negotiated acquisition agreement approved by the board of directors or other



70









 







applicable governing body of the seller or entity to be acquired, and no
material challenge to such Acquisition (excluding the exercise of appraisal rights)
shall be pending or threatened by any shareholder or director of the seller or
entity to be acquired;




     (iii) the business to be acquired in such Acquisition is similar or related to
one or more of the lines of business in which the Parent and its Subsidiaries are
engaged on the Effective Date;




     (iv) as of the date of the consummation of such Acquisition, all material
approvals required in connection therewith shall have been obtained; and




     (v) cash and non-cash consideration (excluding any Equity Interests of the
Parent and its Subsidiaries in an aggregate amount not to exceed $50,000,000) paid
by or on behalf of the Parent and its Subsidiaries for such Acquisition shall not
exceed (i) $30,000,000 if, after giving effect to such Acquisition, the Leverage
Ratio would be greater than or equal to 1.75 to 1 on a pro forma basis and (ii)
$100,000,000 if, after giving effect to such Acquisition, the Leverage Ratio would
be less than to 1.75 to 1 on a pro forma basis;



          (g) any investments acquired in connection with Permitted Acquisitions;




          (h) any investments received in connection with a disposition of assets permitted pursuant to
Section 6.03;




          (i) additional investments in an amount not to exceed $10,000,000 in the aggregate at any one
time outstanding in connection with joint ventures or in non-Loan Party Subsidiaries made after the
Effective Date;




          (j) guarantees from the Parent on behalf of its Subsidiaries in the ordinary course of
business and in connection with customer contracts and requests; and




          (k) investments not otherwise permitted under this Section 6.04 in an amount not to exceed
$10,000,000 in the aggregate outstanding at any one time.




          SECTION 6.05 Swap Agreements. No Borrower will, nor will it permit any of its
subsidiaries to, enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or
mitigate risks to which the Parent or any Subsidiary has actual exposure (other than those in
respect of Equity Interests of the Parent or any of its Subsidiaries), and (b) Swap Agreements
entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating
rates, from one floating rate to another floating rate or otherwise) with respect to any
interest-bearing liability or investment of the Parent or any Subsidiary.




          SECTION 6.06 Restricted Payments.




          (a) No Borrower will, nor will it permit any of its subsidiaries to, declare or make, or agree
to pay or make, directly or indirectly, any Restricted Payment, except (i) the Parent may declare
and pay dividends with respect to its Equity Interests payable solely in






71









 







additional shares of its common stock, (ii) so long as no Default shall be continuing, if the
Leverage Ratio was 2.00 to 1 or lower as set forth on the most recent Compliance Certificate
delivered to the Administrative Agents pursuant to Section 5.01(c), the Parent may make Restricted
Payments with respect to its Equity Interests (other than repurchases, redemptions or other
acquisitions of equity Interests of the Parent) or with respect to its Subordinated Indebtedness in
an aggregate amount not to exceed, in any fiscal year of the Parent, the sum of (A) of 10% of Net
Income for the previous year and (B) Net Proceeds from the issuance of Equity Interests in the
Parent during the previous fiscal year, (iii) so long as no Default shall be continuing, Parent may
repurchase, redeem or otherwise acquire Equity Interests of the Parent in an amount not to exceed
(A) $5,000,000 during any fiscal year and (B) $15,000,000 in the aggregate after the Effective
Date, (iv) Subsidiaries may declare and pay dividends ratably with respect to their Equity
Interests and (v) the Parent may make Restricted Payments pursuant to and in accordance with stock
option plans or other benefit plans for management or employees of the Parent and its Subsidiaries.




          (b) No Borrower will, nor will it permit any of its subsidiaries to, make or agree to pay or
make, directly or indirectly, any payment or other distribution (whether in cash, securities or
other property) of or in respect of principal of or interest on any Subordinated Indebtedness, or
any payment or other distribution (whether in cash, securities or other property), including any
sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any Subordinated Indebtedness, except:





     (i) payment of regularly scheduled interest as and when due in respect of any
Subordinated Indebtedness, other than payments prohibited by the subordination
provisions thereof;




     (ii) repayments or prepayments of Subordinated Indebtedness permitted by
Section 6.06(a)(ii); and




     (iii) refinancings of Subordinated Indebtedness to the extent permitted by
Section 6.01.



          SECTION 6.07 Transactions with Affiliates. No Borrower will, nor will it permit any
of its subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase,
lease or otherwise acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, except (a) at prices and on terms and conditions not less
favorable to the Parent or such Subsidiary than could be obtained on an arm’s-length basis from
unrelated third parties, (b) transactions between or among the Parent and its wholly owned
Subsidiaries not involving any other Affiliate, (c) any Restricted Payment permitted by Section
6.06, (d) any investments permitted by Section 6.04 and (e) any transactions pursuant to the
agreements listed on Schedule 6.07.




          SECTION 6.08 Restrictive Agreements. No Borrower will, nor will it permit any of its
subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement or
other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the
Parent or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or
assets, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect
to






72









 







any shares of its capital stock or to make or repay loans or advances to the Parent or any
other Subsidiary or to provide Guarantees of Indebtedness of the Parent or any other Subsidiary;
provided that (i) the foregoing shall not apply to restrictions and conditions imposed by
law, by this Agreement or by any other Loan Document, (ii) the foregoing shall not apply to
restrictions and conditions existing on the date hereof identified on Schedule 6.08 (but shall
apply to any extension or renewal of, or any amendment or modification expanding the scope of, any
such restriction or condition), (iii) the foregoing shall not apply to customary restrictions and
conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided
such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is
permitted hereunder, (iv) the foregoing shall not apply to restrictions and conditions contained in
agreements or instruments evidencing any Indebtedness of a Foreign Subsidiary permitted to be
incurred under Section 6.01, (v) clause (a) of the foregoing shall not apply to restrictions or
conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if
such restrictions or conditions apply only to the property or assets securing such Indebtedness and
(vi) clause (a) of the foregoing shall not apply to customary provisions in leases and other
contracts restricting the assignment thereof.




          SECTION 6.09 Sale and Leaseback Transactions. No Borrower will, nor will it permit
any of its subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall
sell or transfer any property, real or personal, used or useful in its business, whether now owned
or hereafter acquired, and thereafter rent or lease such property or other property that it intends
to use for substantially the same purpose or purposes as the property sold or transferred, except
for any such sale of any fixed or capital assets by the Parent or any Subsidiary that is made for
cash consideration in an amount not less than the fair value of such fixed or capital asset and is
consummated within 90 days after such Parent or such Subsidiary acquires or completes the
construction of such fixed or capital asset.




          SECTION 6.10 Amendment of Material Documents. No Borrower will, nor will it permit
any of its subsidiaries to, amend, modify or waive any of its rights under (a) any agreement
relating to any Subordinated Indebtedness or (b) its certificate of incorporation, by-laws,
operating, management or partnership agreement or other organizational documents, in either case to
the extent any such amendment, modification or waiver would be adverse to the Lenders.




          SECTION 6.11 Changes in Fiscal Year. No Borrower will, nor will it permit any of its
subsidiaries to, change the fiscal year of the Parent or any Subsidiary.




          SECTION 6.12 Financial Covenants.




          (a) Fixed Charge Coverage Ratio. The Borrowers will not permit the Fixed Charge
Coverage Ratio, determined for any period of four consecutive fiscal quarters ending on the last
day of each fiscal quarter beginning with the fiscal quarter of the Parent ending on June 30, 2010,
to be less than 1.50 to 1.00.




          (b) Minimum Net Worth. The Borrowers shall maintain, at all times, Net Worth of not
less than an amount equal to 80% of Effective Date Net Worth plus 50% of Net







73









 







Income earned in each full fiscal quarter ending after March 31, 2010 (with no deduction for a
net loss in any such fiscal quarter).




          (c) Leverage Ratio. The Borrowers will not permit the Leverage Ratio, determined for
any period of four consecutive fiscal quarters ending on any date set forth below and beginning
with the fiscal quarter of the Parent ending on March 31, 2010, to be greater than the ratio set
forth below opposite such period:




	 	 	 
	Period	 	Ratio
	January 1, 2010 through December 31, 2010
	 	2.75 to 1.00
	 	 	 
	January 1, 2011 and thereafter
	 	2.25 to 1.00






ARTICLE VII




EVENTS OF DEFAULT



          If any of the following events (“Events of Default”) shall occur:




          (a) the Borrowers shall fail to pay any principal of any Loan or any reimbursement obligation
in respect of any LC Disbursement when and as the same shall become due and payable, whether at the
due date thereof or at a date fixed for prepayment thereof or otherwise;




          (b) the Borrowers shall fail to pay any interest on any Loan, any Revolving Credit Commitment
Fees or any fees required to be paid pursuant to Section 2.11(b), when and as the same shall become
due and payable, and such failure shall continue unremedied for a period of three Business Days;




          (c) the Borrowers shall fail to pay any other fee or amount (other than an amounts referred to
in clauses (a) and (b) of this Article) payable under this Agreement, when and as the same shall
become due and payable, and such failure shall continue unremedied for a period of ten days;




          (d) any representation or warranty made or deemed made by or on behalf of the Parent or any
Subsidiary in or in connection with this Agreement or any amendment or modification hereof or
waiver hereunder, or in any report, certificate, financial statement or other document furnished
pursuant to or in connection with this Agreement or any amendment or modification hereof or waiver
hereunder, shall prove to have been incorrect in any material respect when made or deemed made;




          (e) any Borrower shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.03 (with respect to the Borrowers’ existence) or Section 5.08 or in Article
VI;







74









 








          (f) any Borrower shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those specified in clause (a), (b), (c) or (e) of this
Article), and such failure shall continue unremedied for a period of 30 days (or ten days in the
case of any such failure under Section 5.02) after notice thereof from any Administrative Agent to
the Borrowers (which notice will be given at the request of any Lender);




          (g) the Parent or any Subsidiary shall fail to make any payment (whether of principal or
interest and regardless of amount) in respect of any Material Indebtedness, when and as the same
shall become due and payable;




          (h) any event or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits (after giving effect to any grace period) the
holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to
cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption
or defeasance thereof, prior to its scheduled maturity; provided that this clause (h) shall not
apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of
property or assets securing such Indebtedness;




          (i) (i) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
seeking (A) liquidation, reorganization, bankruptcy, winding-up, dissolution or other relief in
respect of the Parent or any Subsidiary (other than an Immaterial Subsidiary or an Inactive
Subsidiary) or its debts, or of a substantial part of its assets, under any Federal, state or
foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (B) the
appointment of a receiver, interim receiver, receiver and manager, liquidator, provisional
liquidator, administrator, trustee, custodian, sequestrator, conservator, examiner, agent or
similar official for the Parent or any Subsidiary (other than an Immaterial Subsidiary or an
Inactive Subsidiary) or for a substantial part of its assets, and, in any such case, such
proceeding or petition shall continue undismissed, unstayed and undischarged for 60 days or an
order or decree approving or ordering any of the foregoing shall be entered;





     (ii) any corporate action, legal proceedings or other procedure or step is
taken in relation to:




     (A) the suspension of payments, a moratorium of any indebtedness,
winding-up, dissolution, administration, examination or reorganisation (by
way of voluntary arrangement, scheme of arrangement or otherwise) other than
on a solvent basis of any French Borrower or Foreign Guarantor;




     (B) a composition, compromise or assignment with any creditor of any
French Borrower or Foreign Guarantor; or




     (C) the appointment of a liquidator, receiver, administrative receiver,
administrator, examiner, compulsory manager or other similar officer in
respect of any French Borrower or Foreign Guarantor or any of its assets;



75









 






or any analogous procedure or step is taken with respect to any French Borrower or
Foreign Guarantor or its assets in any applicable jurisdiction (provided,
that the filing of any winding-up petition or any other corporate action, legal
proceedings or other procedure or step which is frivolous or vexatious or is being
contested in good faith and is discharged, stayed or dismissed within 21 days of
commencement shall not constitute and Event of Default); or




     (iii) any expropriation, attachment, sequestration, distress or execution or
any analogous process in any jurisdiction affects any asset or assets of a French
Borrower or Foreign Guarantor having an aggregate value of $2,000,000 and is not
discharged within 45 days;



          (j) the Parent or any Subsidiary (other than an Immaterial Subsidiary or an Inactive
Subsidiary) shall (i) voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization, administration or other relief under any Federal, state or foreign bankruptcy,
insolvency, receivership or similar law now or hereafter in effect including any proceedings
described in article L.611-1 et seq. of the French Code de Commerce, (ii) consent to the
institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition
described in clause (h) of this Article, (iii) apply for or consent to the appointment of a
receiver, trustee, custodian, sequestrator, conservator or similar official for the Parent or any
Subsidiary (other than an Immaterial Subsidiary or an Inactive Subsidiary) or for a substantial
part of its assets, (iv) file an answer admitting the material allegations of a petition filed
against it in any such proceeding, (v) make a general assignment for the benefit of creditors or
(vi) take any action for the purpose of effecting any of the foregoing;




          (k) the Parent or any Subsidiary (other than an Immaterial Subsidiary or Inactive Subsidiary)
shall become unable, admit in writing its inability or fail generally to pay its debts as they
become due, or the value of the assets of any French Borrower or Foreign Guarantor is less than its
liabilities (taking into account contingent and prospective liabilities), or a moratorium is
declared in respect of any indebtedness of any French Borrower or Foreign Guarantor (if a
moratorium occurs, the ending of the moratorium will not cure any Event of Default caused by that
moratorium);




          (l) one or more judgments for the payment of money in an aggregate amount in excess of
$2,000,000 shall be rendered against the Parent, any Subsidiary or any combination thereof and the
same shall remain undischarged for a period of 30 consecutive days during which execution shall not
be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or
levy upon any assets of the Parent or any Subsidiary to enforce any such judgment;




          (m) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when
taken together with all other ERISA Events that have occurred, could reasonably be expected to
result in liability of the Parent and its Subsidiaries in an aggregate amount exceeding $2,000,000;




          (n) an ERISA Multiemployer Plan Event shall have occurred that, in the opinion of the Required
Lenders, when taken together with all other ERISA Multiemployer Plan






76









 







Events that have occurred, could reasonably be expected to result in liability of the Parent
and its Subsidiaries in an aggregate amount exceeding $3,000,000; or




          (o) Change in Control shall occur;



then, and in every such event (other than an event with respect to a Borrower described in clause
(i) or (j) of this Article VII), and at any time thereafter during the continuance of such event,
the Administrative Agents may, and at the request of the Required Lenders shall, by notice to the
Borrowers, take either or both of the following actions, at the same or different times: (i)
terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii)
declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable),
and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other obligations of the Borrowers accrued hereunder, shall
become due and payable immediately, without presentment, demand, protest or other notice of any
kind, all of which are hereby waived by the Borrowers; and in case of any event with respect to any
Borrower described in clause (i) or (j) of this Article, the Commitments shall automatically
terminate and the principal of the Loans then outstanding, together with accrued interest thereon
and all fees and other obligations of the Borrowers accrued hereunder, shall automatically become
due and payable, without presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrowers.




ARTICLE VIII




THE ADMINISTRATIVE AGENT



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




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




          The Administrative Agents shall not have any duties or obligations except those expressly set
forth herein. Without limiting the generality of the foregoing, (a) the Administrative Agents
shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing, (b) the Administrative Agents shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby that the applicable Administrative Agent is required to exercise in
writing as directed by the Required Lenders (or such other number or percentage of the Lenders as
shall be necessary under the circumstances as provided in Section 9.02), and (c) except as
expressly set forth herein, the Administrative Agents shall not have any duty to disclose, and
shall not be liable for the failure to disclose, any






77









 







information relating to the Parent or any of its Subsidiaries that is communicated to or
obtained by either bank serving as Administrative Agent or any of their respective Affiliates in
any capacity. Neither Administrative Agent shall be liable for any action taken or not taken by it
with the consent or at the request of the Required Lenders (or such other number or percentage of
the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the
absence of its own gross negligence or wilful misconduct. Each Administrative Agent shall be
deemed not to have knowledge of any Default unless and until written notice thereof is given to
such Administrative Agent by a Borrower or a Lender, and neither Administrative Agent shall be
responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement, (ii) the contents of any certificate,
report or other document delivered hereunder or in connection herewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set forth herein, (iv)
the validity, enforceability, effectiveness or genuineness of this Agreement or any other
agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV
or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to
such Administrative Agent.




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




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




          Subject to the appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, any Administrative Agent may resign at any time by notifying the Lenders, the
Issuing Bank and the Borrowers. Upon any such resignation, the Required Lenders shall have the
right, in consultation with and, provided no Event of Default has occurred and is continuing,
subject to the consent of (such consent not to be unreasonably withheld), the Parent, to appoint a
successor. If no successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the retiring Administrative Agent gives notice of
its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the
Issuing Bank, appoint a successor Administrative Agent which shall be a bank with an office (a) in
the case of a successor Domestic Administrative Agent, in New York, New York and (b) in the case of
a successor French Administrative Agent, in London, or an Affiliate






78









 







of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by
a successor, such successor shall succeed to and become vested with all the rights, powers,
privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent
shall be discharged from its duties and obligations hereunder. The fees payable by the Borrowers
to a successor Administrative Agent shall be the same as those payable to its predecessor unless
otherwise agreed between the Borrowers and such successor. After any Administrative Agent’s
resignation hereunder, the provisions of this Article VIII and Section 9.03 shall continue in
effect for the benefit of such retiring Administrative Agent, its sub agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any of them while it was
acting as Administrative Agent.




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




          Each Administrative Agent, the Lenders and the Issuing Bank appoint the French Administrative
Agent to act as security trustee under and in connection with the Foreign Security Documents on the
terms and conditions set out in Schedule 8.




          Each Lender hereby authorizes the Administrative Agents to execute the Intercreditor
Agreement.




ARTICLE IX




MISCELLANEOUS



          SECTION 9.01 Notices. (a) Except in the case of notices and other communications
expressly permitted to be given by telephone (and subject to paragraph (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 telecopy, as follows:





     (i) if to any Borrower, to the Parent at 3000 Executive Parkway, San Ramon, CA,
94583, Attention of Jack Pacheco, Chief Financial Officer (Telecopy No. (925)
543-0808), with a copy to General Counsel (Telecopy No. (925) 543-0808);




     (ii) if to the Domestic Administrative Agent, the Issuing Bank or the Swingline
Lender, to JPMorgan Chase Bank, Loan Operations, 1111 Fannin, 10 S. Dearborn, Floor
7, Chicago, Illinois, Attention of Latanya Driver (Telecopy No. (312) 385-7096);



79









 






     (iii) if to the French Administrative Agent, to J.P. Morgan Europe Limited, 125
London Wall, London, EC2Y 5AJ, United Kingdom, attention of Alastair A. Stevenson;
and




     (iv) if to any other Lender, to it at its address (or telecopy number) set
forth in its Administrative Questionnaire.



          (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Domestic Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Article II unless
otherwise agreed by the applicable Administrative Agent and the applicable Lender. Any
Administrative Agent or the Parent 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.




          (c) Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other
communications given to any party hereto in accordance with the provisions of this Agreement shall
be deemed to have been given on the date of receipt.




          SECTION 9.02 Waivers; Amendments. (a) No failure or delay by any Administrative
Agent, the Issuing Bank or any Lender in exercising any right or power hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of
the Administrative Agents, the Issuing Bank and the Lenders hereunder are cumulative and are not
exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of
this Agreement or consent to any departure by any Borrower therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section 9.02, and then such
waiver or consent shall be effective only in the specific instance and for the purpose for which
given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a
Letter of Credit shall not be construed as a waiver of any Default, regardless of whether any
Administrative Agent, any Lender or the Issuing Bank may have had notice or knowledge of such
Default at the time.




          (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to an agreement or agreements in writing entered into by the Borrowers and the Required
Lenders or by the Borrowers and the Administrative Agents with the consent of the Required Lenders;
provided that no such agreement shall (i) increase the Commitment of any Lender without the
written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or
reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written
consent of each Lender directly affected thereby, (iii) postpone the scheduled date of payment of
the principal amount of any Loan pursuant to Section 2.09 or LC Disbursement, or any interest
thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment,
or postpone the scheduled date of expiration of any Commitment, without the written consent of each
Lender directly affected thereby, (iv)






80









 







change Section 2.17 in a manner that would alter the pro rata sharing of payments required
thereby, without the written consent of each Lender adversely affected thereby (except for
technical amendments with respect to additional extensions of credit pursuant to this Agreement
which affect the protections to such additional extensions of credit of the type provided to the
Revolving Commitments and the Term Loans on the Effective Date), or (v) change any of the
provisions of this Section 9.02 or the definition of “Required Lenders” or any other provision
hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights
hereunder or make any determination or grant any consent hereunder, without the written consent of
each Lender; provided further that no such agreement shall amend, modify or
otherwise affect the rights or duties of any Administrative Agent, the Issuing Bank or the
Swingline Lender hereunder without the prior written consent of such Administrative Agent, the
Issuing Bank or the Swingline Lender, as the case may be.




          SECTION 9.03 Expenses; Indemnity; Damage Waiver. (a) The Parent shall pay (i) all
reasonable out of pocket expenses incurred by each Administrative Agent and its Affiliates,
including the reasonable fees, charges and disbursements of counsel for the Administrative Agents,
in connection with the syndication of the credit facilities provided for herein, the preparation
and administration of this Agreement or any amendments, modifications or waivers of the provisions
hereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii)
all reasonable out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance,
amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and
(iii) all out-of-pocket expenses incurred by any Administrative Agent, the Issuing Bank or any
Lender, including the fees, charges and disbursements of any counsel for any Administrative Agent,
the Issuing Bank or any Lender, in connection with the enforcement or protection of its rights in
connection with this Agreement, including its rights under this Section 9.03, or in connection with
the Loans made or Letters of Credit issued hereunder, including all such out of pocket expenses
incurred during any workout or restructuring in respect of such Loans or Letters of Credit.




          (b) The Borrowers shall, severally but not jointly, indemnify each Administrative Agent, the
Issuing Bank and each Lender, and each Related Party of any of the foregoing Persons (each such
Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any
and all losses, claims, damages, liabilities and related expenses, including the fees, charges and
disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee
arising out of, in connection with, or as a result of (i) the execution or delivery of this
Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto
of their respective obligations hereunder or the consummation of the Transactions or any other
transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds
therefrom (including any refusal by the Issuing Bank to honor a demand for payment under a Letter
of Credit if the documents presented in connection with such demand do not strictly comply with the
terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by the Parent or any of its Subsidiaries, or
any Environmental Liability related in any way to the Parent or any of its Subsidiaries, or (iv)
any actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory and regardless of whether any
Indemnitee is a party thereto; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims,






81









 







damages, liabilities or related expenses are determined by a court of competent jurisdiction
by final judgment to have resulted from the gross negligence or wilful misconduct of such
Indemnitee.




          (c) To the extent that any Borrower fails to pay any amount required to be paid by it to any
Administrative Agent, the Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to such Administrative Agent, the Issuing Bank or the
Swingline Lender, as the case may be, such Lender’s pro rata share (determined as of the time that
the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount;
provided that the unreimbursed expense or indemnified loss, claim, damage, liability or
related expense, as the case may be, was incurred by or asserted against such Administrative Agent,
the Issuing Bank or the Swingline Lender in its capacity as such.




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




          (e) All amounts due under this Section shall be payable promptly after written demand
therefor.




          SECTION 9.04 Successors and Assigns. (a) The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of
Credit), except that (i) the Borrowers may not assign or otherwise transfer any of their rights or
obligations hereunder without the prior written consent of each Lender (and any attempted
assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no
Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance
with this Section 9.04. 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 (including any Affiliate of the Issuing Bank that issues any Letter of Credit),
Participants (to the extent provided in paragraph (c) of this Section 9.04) and, to the extent
expressly contemplated hereby, the Related Parties of each of the Administrative Agents, the
Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of
this Agreement.




          (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees (which assignees shall not be a Loan Party, any member of the Sponsor
Group or any of their respective Affiliates) all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it)
with the prior written consent (such consent not to be unreasonably withheld) of:







82









 









     (A) the Borrowers, provided that no consent of the Borrowers
shall be required for an assignment to a Lender, an Affiliate of a Lender,
an Approved Fund or, if an Event of Default has occurred and is continuing,
any other assignee;




     (B) the applicable Administrative Agent; and




     (C) the Issuing Bank, provided that no consent of the Issuing
Bank shall be required for an assignment of all or any portion of a Term
Loan.




     (ii) Assignments shall be subject to the following additional conditions:




     (A) except in the case of an assignment to a Lender or an Affiliate of
a Lender or an assignment of the entire remaining amount of the assigning
Lender’s Commitment or Loans of any Class, the amount of the Commitment or
Loans of the assigning Lender subject to each such assignment (determined as
of the date the Assignment and Assumption with respect to such assignment is
delivered to the Administrative Agent) shall not be less than (x)
$5,000,000, in the case of a Revolving Commitment, (y) $1,000,000, in the
case of a Domestic Term Loan, or (z) 1,000,000 EUR, in the case of a French
Term Loan, in each case unless each of the applicable Borrower and the
applicable Administrative Agent otherwise consent, provided that no
such consent of any Borrower shall be required if an Event of Default has
occurred and is continuing;




     (B) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations
under this Agreement, provided that this clause shall not be
construed to prohibit the assignment of a proportionate part of all the
assigning Lender’s rights and obligations in respect of one Class of
Commitments or Loans;




     (C) the parties to each assignment shall execute and deliver to the
applicable Administrative Agent an Assignment and Assumption, together with
a processing and recordation fee of $3,500;




     (D) the assignee, if it shall not be a Lender, shall deliver to the
applicable 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 the
Loan Parties 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 laws, including Federal
and state securities laws; and



83









 






     (E) the assignee shall be a Qualifying French Lender in the case of an
assignment of any French Term Commitment or French Term Loans.



          For the purposes of this Section 9.04(b), the term “Approved Fund” has the following
meaning:





     “Approved Fund” means any Person (other than a natural person) that is engaged in
making, purchasing, holding or investing in bank loans and similar extensions of credit in
the ordinary course of its business and that is administered or managed by (a) a Lender, (b)
an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or
manages a Lender.




     (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
Section 9.04, from and after the effective date specified in each Assignment and Assumption
the assignee thereunder shall be a party hereto and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned
by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a party hereto
but shall continue to be entitled to the benefits of Sections 2.14, 2.15, 2.16 and 9.03).
Any assignment or transfer by a Lender of rights or obligations under this Agreement that
does not comply with this Section 9.04 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
paragraph (c) of this Section 9.04.




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




     (v) Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire
(unless the assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section 9.04 and any written consent to such
assignment required by paragraph (b) of this Section 9.04, the applicable Administrative
Agent shall accept such Assignment and Assumption and record the information contained
therein in the Register; provided that if either the assigning Lender or the
assignee shall have failed to make any payment required to be



84









 






made by it pursuant to Section 2.04(c), 2.05(d) or (e), 2.06(b), 2.17(d) or 9.03(c),
the applicable Administrative Agent shall have no obligation to accept such Assignment and
Assumption and record the information therein in the Register unless and until such payment
shall have been made in full, together with all accrued interest thereon. No assignment
shall be effective for purposes of this Agreement unless it has been recorded in the
Register as provided in this paragraph.



          (c) (i) Any Lender may, without the consent of any Borrower, any Administrative Agent, the
Issuing Bank or the Swingline Lender, sell participations to one or more banks or other entities (a
“Participant”) in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans owing to it);
provided that (A) such Lender’s obligations under this Agreement shall remain unchanged,
(B) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations and (C) the Borrowers, the Administrative Agents, the Issuing Bank and the other
Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to
which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any
provision of this Agreement; provided that such agreement or instrument may provide that
such Lender will not, without the consent of the Participant, agree to any amendment, modification
or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject
to paragraph (c)(ii) of this Section, each Borrower agrees that each Participant shall be entitled
to the benefits of Sections 2.14, 2.15 and 2.16 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to paragraph (b) of this Section 9.04. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though
it were a Lender, provided such Participant agrees to be subject to Section 2.17(c) as though it
were a Lender.





     (ii) A Participant shall not be entitled to receive any greater payment under
Section 2.14 or 2.16 than the applicable Lender would have been entitled to receive
with respect to the participation sold to such Participant, unless the sale of the
participation to such Participant is made with the Borrowers’ prior written consent.
A Participant shall not be entitled to the benefits of Section 2.16 unless the
Borrowers are notified of the participation sold to such Participant and such
Participant agrees, for the benefit of the Borrowers, to comply with Section 2.16(e)
as though it were a Lender.



          (d) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including without limitation
any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall
not apply to any such pledge or assignment of a security interest; provided that no such
pledge or assignment of a security interest shall release a Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.




          (e) Each Lender that sells a participation shall, acting solely for this purpose as an
non-fiduciary agent of the Borrowers, maintain at one of its offices in the United States a






85









 







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 this
Agreement (the “Participant Register”). 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.




          SECTION 9.05 Survival. All covenants, agreements, representations and warranties
made by any Borrower herein and in the certificates or other instruments delivered in connection
with or pursuant to this Agreement shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of this Agreement and the making of any
Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other
party or on its behalf and notwithstanding that any Administrative Agent, the Issuing Bank or any
Lender may have had notice or knowledge of any Default or incorrect representation or warranty at
the time any credit is extended hereunder, and shall continue in full force and effect as long as
the principal of or any accrued interest on any Loan or any fee or any other amount payable under
this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the
Commitments have not expired or terminated. The provisions of Sections 2.14, 2.15, 2.16 and 9.03
and Article VIII shall survive and remain in full force and effect regardless of the consummation
of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination
of the Letters of Credit and the Commitments or the termination of this Agreement or any provision
hereof.




          SECTION 9.06 Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single
contract. This Agreement and any separate letter agreements with respect to fees payable to any
Administrative Agent constitute the entire contract among the parties relating to the subject
matter hereof and supersede any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall
become effective when it shall have been executed by the Administrative Agents and when the
Domestic Administrative Agent (or its counsel) shall have received counterparts hereof which, when
taken together, bear the signatures of each of the other parties hereto, and thereafter shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or
via other electronic means satisfactory to the Administrative Agent shall be effective as delivery
of a manually executed counterpart of this Agreement.




          SECTION 9.07 Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.




          SECTION 9.08 Right of Setoff. If an Event of Default under clause (a), (b), (c),
(i), (j) or (k) of Article VII shall have occurred and be continuing, or if any other Event of
Default shall have occurred and be continuing and the Required Lenders shall so consent, each






86









 







Lender and each of its Affiliates is hereby authorized at any time and from time to time, to
the fullest extent permitted by law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other obligations at any time owing by
such Lender or Affiliate to or for the credit or the account of any Borrower against any of and all
the obligations of any Borrower now or hereafter existing under this Agreement held by such Lender,
irrespective of whether or not such Lender shall have made any demand under this Agreement and
although such obligations may be unmatured. The rights of each Lender under this Section are in
addition to other rights and remedies (including other rights of setoff) which such Lender may
have.




          SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process. (a) This
Agreement shall be construed in accordance with and governed by the law of the State of New York.




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




          (c) Each Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Agreement in any court
referred to in paragraph (b) of this Section 9.09. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.




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




          SECTION 9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS






87









 







REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 9.10.




          SECTION 9.11 Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect
the construction of, or be taken into consideration in interpreting, this Agreement.




          SECTION 9.12 Confidentiality. (a) Each of the Administrative Agents, the Issuing
Bank and the Lenders agrees to maintain the confidentiality of the Information (as defined below),
except that Information may be disclosed (i) to its and its Affiliates’ directors, officers,
employees and agents, including accountants, legal counsel and other advisors (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of
such Information and instructed to keep such Information confidential), (ii) to the extent
requested by any regulatory authority, (iii) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process, (iv) to any other party to this Agreement,
(v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding
relating to this Agreement or the enforcement of rights hereunder, (vi) subject to an agreement
containing provisions substantially the same as those of this Section 9.12, to (A) any assignee of
or Participant in, or any prospective assignee of or Participant in, any of its rights or
obligations under this Agreement or (B) any actual or prospective counterparty (or its advisors) to
any swap or derivative transaction relating to any Borrower and its obligations, (vii) with the
consent of any Borrower or (viii) to the extent such Information (A) becomes publicly available
other than as a result of a breach of this Section 9.12 or (B) becomes available to any
Administrative Agent, the Issuing Bank or any Lender on a nonconfidential basis from a source other
than a Borrower. For the purposes of this Section 9.12, “Information” means all
information received from any Borrower relating to any Borrower or its business, other than any
such information that is available to any Administrative Agent, the Issuing Bank or any Lender on a
nonconfidential basis prior to disclosure by the Borrower. Any Person required to maintain the
confidentiality of Information as provided in this Section 9.12 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.




          (b) EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.12(a) FURNISHED TO IT
PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING ANY BORROWER AND
ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE
PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH
MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING
FEDERAL AND STATE SECURITIES LAWS.







88









 








          (c) ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY ANY BORROWER
OR ANY ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE
SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE LOAN
PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER
REPRESENTS TO THE BORROWERS AND THE ADMINISTRATIVE AGENTS THAT IT HAS IDENTIFIED IN ITS
ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL
NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.




          SECTION 9.13 Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges
and other amounts which are treated as interest on such Loan under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be
contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance
with applicable law, the rate of interest payable in respect of such Loan hereunder, together with
all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent
lawful, the interest and Charges that would have been payable in respect of such Loan but were not
payable as a result of the operation of this Section shall be cumulated and the interest and
Charges payable to such Lender in respect of other Loans or periods shall be increased (but not
above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the
Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.




          SECTION 9.14 USA PATRIOT Act. Each Lender that is subject to the requirements of the
USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the
“Act”) hereby notifies the Borrowers that pursuant to the requirements of the Act, it is
required to obtain, verify and record information that identifies the Borrowers, which information
includes the name and address of the Borrowers and other information that will allow such Lender to
identify the Borrowers in accordance with the Act.




          SECTION 9.15 Currency of Payment. Each payment owing by any Borrower hereunder shall
be made in the relevant Currency specified herein or, if not specified herein, specified in any
other Loan Document executed by any Administrative Agent (the “Currency of Payment”) at the
place specified herein (such requirements are of the essence of this Agreement). If, for the
purpose of obtaining judgment in any court, it is necessary to convert a sum due hereunder in a
Currency of Payment into another Currency, the parties hereto agree that the rate of exchange used
shall be that at which, in accordance with normal banking procedures, the Domestic Administrative
Agent could purchase such Currency of Payment with such other currency at the Exchange Rate on the
Business Day preceding that on which final judgment is given. The obligations in respect of any
sum due hereunder to any Lender or any Issuing Bank shall, notwithstanding any adjudication
expressed in a currency other than the Currency of Payment, be discharged only to the extent that,
on the Business Day following receipt by such Lender or Issuing Bank of any sum adjudged to be so
due in such other Currency, such Lender or






89









 







Issuing Bank may, in accordance with normal banking procedures, purchase the Currency of
Payment with such other currency. Each Borrower agrees that, to the fullest extent permitted by
law, (a) if the amount of the Currency of Payment so purchased is less than the sum originally due
to such Lender or Issuing Bank in the Currency of Payment, as a separate obligation and
notwithstanding the result of any such adjudication, such Borrower shall promptly pay the shortfall
(in the Currency of Payment) to such Lender or Issuing Bank and (b) if the amount of the Currency
of Payment so purchased exceeds the sum originally due to such Lender or Issuing Bank, such Lender
or Issuing Bank shall promptly pay the excess over to such Borrower in the currency and to the
extent actually received.







90









 








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




	 	 	 	 	 	 	 
	 	 	MIRION TECHNOLOGIES, INC.,	 	 
	 	 	as the Parent	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 






91









 





	 	 	 	 	 	 	 
	 	 	MIRION TECHNOLOGIES (SYNODYS) SA,	 	 
	 	 	as a French Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 
	 
	 	 	 	 	 	 
	 	 	MIRION TECHNOLOGIES (IST FRANCE) SAS,	 	 
	 	 	as a French Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 






92









 





	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, individually, as
 Domestic
Administrative Agent, as Swingline
 Lender, as Issuing
Bank, as a Domestic Term
 Lender and as a Revolving
Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 






93









 





	 	 	 	 	 	 	 
	 	 	J.P. MORGAN EUROPE LIMITED, individually, as French
Administrative Agent and as a French Term Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 











94









 











	 	 	 	 	 	 	 
	 	 	[OTHER BANKS], as a Revolving Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 






95









 





	 	 	 	 	 	 	 
	 	 	[OTHER BANKS], as a Domestic Term Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 











96









 











	 	 	 	 	 	 	 
	 	 	[OTHER BANKS], as a French Term Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 







97