Revolving Credit Agreement dated October 24, 2005



 Exhibit 10.1 
  

  
 CUSIP Number:                             
  
 $1,500,000,000 
  
 CREDIT AGREEMENT 
  
 among 
  
 FIRST DATA CORPORATION, 
 as the Company, 
  
 THE BANKS, ISSUING LENDERS AND SWING LINE BANK PARTIES HERETO, 
  
 JPMORGAN CHASE BANK, 
 BARCLAYS BANK PLC 
 and 
 CITIBANK, N.A., 
 as Documentation Agents 
  
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Syndication Agent 
  
 and 
  
 WACHOVIA BANK, NATIONAL ASSOCIATION, 
 as Administrative Agent 
  
 Dated as of October 24, 2005 
  
 WACHOVIA CAPITAL MARKETS, LLC 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as
Joint Lead Arrangers and Joint Book Runners 
  










 TABLE OF CONTENTS 
  

					
	 SECTION 1 DEFINITIONS
	  	5
	 1.1
	  	 Defined Terms
	  	5
	 1.2
	  	 Other Definitional Provisions
	  	21
	 1.3
	  	 Accounting Terms
	  	21
	 1.4
	  	 Exchange Rates; Currency Equivalents
	  	22
	 1.5
	  	 Computation of Dollar Amounts
	  	22
	 SECTION 2 AMOUNT AND TERMS OF COMMITMENTS
	  	22
	 2.1
	  	 Commitments
	  	22
	 2.2
	  	 Revolving Credit Notes
	  	23
	 2.3
	  	 Procedure for Borrowing
	  	23
	 2.4
	  	 Fees
	  	24
	 2.5
	  	 Termination or Reduction of Commitments
	  	25
	 2.6
	  	 Prepayments
	  	25
	 2.7
	  	 Conversion and Continuation Options
	  	26
	 2.8
	  	 Minimum Amounts of Tranches
	  	27
	 2.9
	  	 Interest Rates and Payment Dates
	  	27
	 2.10
	  	 Computation of Interest and Fees
	  	28
	 2.11
	  	 Inability to Determine Interest Rate
	  	29
	 2.12
	  	 Pro Rata Treatment and Payments
	  	29
	 2.13
	  	 Illegality
	  	32
	 2.14
	  	 Requirements of Law
	  	33
	 2.15
	  	 Taxes
	  	34
	 2.16
	  	 Indemnity
	  	35
	 2.17
	  	 Action of Affected Banks
	  	36
	 2.18
	  	 Bid Loans
	  	36
	 2.19
	  	 Swing Line Commitments
	  	39
	 2.20
	  	 Increase of Commitments
	  	42
	 2.21
	  	 Payment in Full at Maturity
	  	43
	 2.22
	  	 Letter of Credit Subfacility
	  	43
	 2.23
	  	 Indemnification; Nature of Issuing Lender’s Duties
	  	46
	 SECTION 3 REPRESENTATIONS AND WARRANTIES
	  	48
	 3.1
	  	 Financial Condition
	  	48
	 3.2
	  	 No Change
	  	48
	 3.3
	  	 Corporate Existence; Compliance with Law
	  	48
	 3.4
	  	 Corporate Power; Authorization; Enforceable Obligations
	  	48
	 3.5
	  	 No Legal Bar
	  	49
	 3.6
	  	 No Material Litigation
	  	49
	 3.7
	  	 No Default
	  	49
	 3.8
	  	 Taxes
	  	49
	 3.9
	  	 Federal Regulations
	  	49
	 3.10
	  	 ERISA
	  	50
	 3.11
	  	 Investment Company Act; Other Regulations
	  	50
	 3.12
	  	 Purpose of Loans
	  	50
	 3.13
	  	 Disclosure
	  	50

  

 i 









					
	 3.14
	  	 Ranking
	  	50
	 3.15
	  	 Compliance with OFAC, FCPA
	  	50
	 SECTION 4 CONDITIONS PRECEDENT
	  	51
	 4.1
	  	 Conditions to Effectiveness
	  	51
	 4.2
	  	 Conditions to Each Loan
	  	52
	 SECTION 5 AFFIRMATIVE COVENANTS
	  	53
	 5.1
	  	 Financial Statements
	  	53
	 5.2
	  	 Certificates; Other Information
	  	54
	 5.3
	  	 Conduct of Business and Maintenance of Existence
	  	55
	 5.4
	  	 Inspection of Property; Books, Records and Discussions
	  	55
	 5.5
	  	 Notices
	  	55
	 SECTION 6 NEGATIVE COVENANTS
	  	56
	 6.1
	  	 Limitation on Significant Subsidiary Indebtedness
	  	56
	 6.2
	  	 Limitation on Liens
	  	56
	 6.3
	  	 Limitation on Sales and Leasebacks
	  	58
	 6.4
	  	 Limitations on Fundamental Changes
	  	58
	 6.5
	  	 Limitations on Restrictions on Dividends
	  	59
	 SECTION 7 EVENTS OF DEFAULT
	  	59
	 SECTION 8 THE ADMINISTRATIVE AGENT
	  	62
	 8.1
	  	 Appointment
	  	62
	 8.2
	  	 Delegation of Duties
	  	62
	 8.3
	  	 Exculpatory Provisions
	  	62
	 8.4
	  	 Reliance by Administrative Agent
	  	62
	 8.5
	  	 Notice of Default
	  	63
	 8.6
	  	 Non-Reliance on Administrative Agent and Other Banks
	  	63
	 8.7
	  	 Indemnification
	  	64
	 8.8
	  	 Administrative Agent in Its Individual Capacity
	  	64
	 8.9
	  	 Successor Administrative Agent
	  	64
	 8.10
	  	 Syndication Agent, etc.
	  	65
	 SECTION 9 MISCELLANEOUS
	  	65
	 9.1
	  	 Amendments and Waivers
	  	65
	 9.2
	  	 Notices
	  	66
	 9.3
	  	 No Waiver; Cumulative Remedies
	  	67
	 9.4
	  	 Survival of Representations and Warranties
	  	67
	 9.5
	  	 Payment of Expenses and Taxes
	  	67
	 9.6
	  	 Successors and Assigns; Participations; Purchasing Banks
	  	68
	 9.7
	  	 Adjustments; Set-off
	  	72
	 9.8
	  	 Table of Contents and Section Headings
	  	72
	 9.9
	  	 Confidentiality
	  	73
	 9.10
	  	 Patriot Act Notice
	  	73
	 9.11
	  	 Counterparts
	  	73
	 9.12
	  	 Severability
	  	73
	 9.13
	  	 Integration
	  	74
	 9.14
	  	 GOVERNING LAW
	  	74
	 9.15
	  	 Submission To Jurisdiction; Waivers
	  	74
	 9.16
	  	 Acknowledgements
	  	74
	 9.17
	  	 WAIVERS OF JURY TRIAL
	  	75
	 9.18
	  	 Effectiveness
	  	75
	 9.19
	  	 Judgment Currency
	  	75

  

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 Schedules 
  

			
	Schedule 1.1	 	Banks and Commitments
	Schedule 3.6	 	Material Litigation
		
	Exhibits	 	 
		
	Exhibit A	 	Revolving Credit Note
	Exhibit B	 	Borrowing Certificate
	Exhibit C	 	Opinion of Counsel
	Exhibit D	 	Commitment Transfer Supplement
	Exhibit E	 	Bid Note
	Exhibit F	 	Bid Quote
	Exhibit G	 	Bid Loan Confirmation
	Exhibit H	 	Bid Loan Request
	Exhibit I	 	Form of Swing Line Note
	Exhibit J	 	Form of Commitment Increase Supplement
	Exhibit K	 	Form of Account Designation Letter










 CREDIT AGREEMENT, dated as of October 24, 2005, among FIRST DATA CORPORATION, a
Delaware corporation (the “Company”), the several banks and other financial institutions from time to time parties to this Agreement (the “Banks”), WACHOVIA BANK, NATIONAL ASSOCIATION, in its capacity as the
Swing Line Bank (in such capacity, together with its successors in such capacity, the “Swing Line Bank”), WACHOVIA BANK, NATIONAL ASSOCIATION AND WELLS FARGO BANK, NATIONAL ASSOCIATION, in their capacity as Issuing Lenders
(in such capacity, together with their successors in such capacity, the “Issuing Lenders”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as syndication agent (in such capacity, the “Syndication Agent”) and
WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent for the Banks hereunder (in such capacity, the “Administrative Agent”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Company has requested the Banks to make Loans and issue
Letters of Credit to the Company, and the Banks are willing to make Loans and issue Letters of Credit to the Company, subject to the terms and conditions hereof; 
  
 NOW, THEREFORE, in consideration of the premises, and of the mutual covenants and agreements herein contained and
other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 
  
 SECTION 1 
  
 DEFINITIONS 
  
 1.1 Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 
  
 “ABR”: for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds
Effective Rate in effect on such day plus 1/2 of 1%. For purposes hereof: “Prime Rate” shall mean, at any time, the rate of interest per annum publicly announced from time to time by Wachovia at its principal office in Charlotte,
North Carolina as its prime rate. Each change in the Prime Rate shall be effective as of the opening of business on the day such change in the Prime Rate occurs. The parties hereto acknowledge that the rate announced publicly by Wachovia as its
Prime Rate is an index or base rate and shall not necessarily be its lowest or best rate charged to its customers or other banks; and “Federal Funds Effective Rate” shall mean, 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 on
the next succeeding Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. If for any reason the Administrative Agent
shall have determined (which determination shall be conclusive in the absence of manifest error) that it is unable to ascertain the Federal Funds Effective Rate, including the inability or failure of the Administrative Agent to obtain sufficient
quotations in 

  

 5 








 
accordance with the terms above, the ABR shall be determined without regard to clause (b) of the first sentence of this definition until the
circumstances giving rise to such inability no longer exist. Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the opening of business on the date of such change. 
  
 “ABR Loans”: Loans the rate of interest applicable to which
is based upon the ABR. 
  
 “Account Designation
Letter”: the Notice of Account Designation Letter dated as of the Closing Date from the Company to the Administrative Agent substantially in the form attached hereto as Exhibit K. 
  
 “Affiliate”: as to any Person, any other Person (other than
a Subsidiary) which, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, either to
(a) vote 10% or more of the securities 3 having ordinary voting power for the election of directors (or persons per forming similar functions) of such Person or (b) direct or cause the direction of the management and policies of such
Person, whether by contract or otherwise. 
  
 “Agreement”: this Credit Agreement, as amended, supplemented or otherwise modified from time to time. 
  
 “Applicable Margin”: with respect to each day for each Type of Loan and for the Letter of Credit Fee, the rate per annum based on the
Ratings in effect on such day, as set forth under the relevant column heading below: 
  

				
	 Rating

	  	Eurodollar Loans and
Letter of Credit Fee

	 
	 Rating I
	  	.100	%
	 Rating II
	  	.140	%
	 Rating III
	  	.180	%
	 Rating IV
	  	.270	%
	 Rating V
	  	.450	%

  
 “Applicable
Time”: with respect to any borrowings and payments in Foreign Currencies, the local times in the place of settlement for such Foreign Currencies as may be determined by the Administrative Agent to be necessary for timely settlement on the
relevant date in accordance with normal banking procedures in the place of payment. 
  
 “Available Commitment”: as to any Bank at any time, an amount equal to the excess, if any, of (a) the amount of such Bank’s Commitment over (b) the aggregate principal Dollar Amount
(determined as of the most recent Revaluation Date) of all Loans made by such Bank 

  

 6 








 
then outstanding plus the Bank’s Commitment Percentage of outstanding Swing Line Loans and LOC Obligations at such time. 
  
 “Bankruptcy Code”: the Bankruptcy Code in Title 11 of
the United States Code, as amended, modified, succeeded or replaced from time to time. 
  
 “Bid Loan”: each advance made to the Company pursuant to subsection 2.18. 
  
 “Bid Loan Confirmation”: a bid loan confirmation, substantially in the form of Exhibit G, to be delivered by the Company to the
Administrative Agent in accordance with subsection 2.18(b)(iv). 
  
 “Bid Loan Request”: a bid loan request, substantially in the form of Exhibit H, to be delivered by the Company to the Administrative Agent in accordance with subsection 2.18(b)(i) in writing, by facsimile
transmission, or by telephone immediately confirmed by facsimile transmission. 
  
 “Bid Note”: as defined in subsection 2.18. 
  
 “Bid Quote”: a bid quote substantially in the form of Exhibit F, to be delivered by a Bank to the Administrative Agent in accordance
with subsection 2.18(b) in writing, by facsimile transmission, or by telephone immediately confirmed by facsimile transmission. 
  
 “Borrowing Certificate”: a notice of borrowing and certificate of the Company substantially in the form of Exhibit B. 
  
 “Borrowing Date”: any Business Day specified in a notice
furnished pursuant to subsection 2.3, 2.18 or 2.19 as a date on which the Company requests the Banks or the Swing Line Bank, as the case may be, to make Loans hereunder. 
  
 “Business Day”: a day other than a Saturday, Sunday or other day on which commercial banks in New York City
are authorized or required by law to close; provided, however, that (a) when used to describe the date of any borrowing of, or any payment or interest rate determination in respect of, a Eurodollar Loan, the term “Business Day” shall
also exclude any day on which commercial banks are not open for dealings in Dollar deposits in the London interbank market and (b) when used in connection with a Foreign Currency Loan, the term “Business Day” shall also exclude any
day on which banks are not open for foreign exchange dealings between banks in the exchange of the home country of such Foreign Currency. 
  
 “Capital Stock”: any and all shares, interests, participations or other equivalents (however designated) of capital stock of a
corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants or options to purchase any of the foregoing. 
  
 “Change of Control”: any acquisition by any Person or Group of Persons, either directly or indirectly, of
(a) the power to elect, appoint or cause the election or appointment of at least a 

  

 7 








 
majority of the members of the Board of Directors of the Company (or any other Person to which all or substantially all of the proper ties and assets of the
Company have been transferred), through beneficial ownership of the Capital Stock of the Company (or such other Person) or through contract, agreement, arrangement or proxy, or (b) all or substantially all of the properties and assets of the
Company. 
  
 “Closing Date”: the date on which
this Agreement becomes effective in accordance with subsection 4.1. 
  
 “Code”: the Internal Revenue Code of 1986, as amended from time to time. 
  
 “Commitment”: as to any Bank, the obligation of such Bank (a) to make Revolving Credit Loans to the Company hereunder, (b) to
participate in Swing Line Loans made to the Company hereunder and (c) to purchase participation interests in the Letters of Credit, in an aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) at any one time
outstanding not to exceed the amount set forth opposite such Bank’s name on Schedule 1.1 or in the Commitment Transfer Supplement pursuant to which it became a Bank, as such amount may be reduced pursuant to subsection 2.5 or subsection 9.6 or
increased pursuant to subsection 2.20 or subsection 9.6. 
  
 “Commitment Percentage”: as to any Bank at any time, the percentage of the aggregate Commitments then constituted by such Bank’s Commitment. 
  
 “Commitment Period”: the period from and including the Closing Date to but not including the Termination
Date or such earlier date on which the Commitments shall terminate as provided herein. 
  
 “Committed Swing Line Loan”: as defined in subsection 2.19(a). 
  
 “Commonly Controlled Entity”: an entity, whether or not incorporated, which is under common control with the Company within the meaning
of Section 4001 of ERISA or is part of a group which includes the Company and which is treated as a single employer under Section 414 of the Code. 
  
 “Competitor”: any Person significantly and directly engaged in the business of (x) providing information or processing services to
third parties particularly in the transaction card (such as credit cards, debit cards and retail cards) processing or mutual fund business or (y) payment instruments or consumer funds transfers. 
  
 “Consolidated Net Assets”: the gross book value of the
assets of the Company and its Subsidiaries (which under GAAP would appear on the consolidated balance sheet of the Company and its Subsidiaries) less all reserves (including, without limitation, depreciation, depletion and amortization) applicable
thereto and less (i) minority interests and (ii) liabilities which, under GAAP, would be classified as current liabilities. 
  

 8 








 “Consolidated Net Income”: the net income of the Company and its Subsidiaries (which
under GAAP would appear on the consolidated income statement of the Company and its Subsidiaries), excluding, however, (i) any equity of the Company or a Subsidiary in the unremitted earnings of any corporation which is not a Subsidiary,
(ii) gains from the write-up in the book value of any asset and (iii) in the case of an acquisition of any Person which is accounted for on a purchase basis, earnings of such Person prior to its becoming a Subsidiary. 
  
 “Consolidated Net Worth”: the sum of (i) the par value
(or valuestated on the books of such corporation) of the capital stock of all classes of the Company and its Subsidiaries, plus (or minus in the case of a deficit) (ii) the amount of the consolidated surplus, whether capital or earned, of the
Company and its Subsidiaries, and plus (or minus in the case of a deficit) (iii) retained earnings of the Company and its Subsidiaries, all as determined in accordance with GAAP; provided, however, that Consolidated Net Worth shall exclude the
effects of currency translation adjustments and the application of FAS 115. 
  
 “Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or
any of its property is bound. 
  
 “Default”: any
of the events specified in Section 7, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. 
  
 “Dollar Amount”: at any time, (a) with respect to Dollars or an amount denominated in Dollars, such
amount and (b) with respect to an amount of any Foreign Currency or an amount denominated in such Foreign Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate
(determined in respect of the most recent Revaluation Date) applicable to such Foreign Currency. 
  
 “Dollars” and “$”: dollars in lawful currency of the United States of America. 
  
 “Domestic Dollar Loans”: the collective reference to Fixed
Rate Bid Loans and ABR Loans. 
  
 “EMU”: Economic
and Monetary Union as contemplated in the Treaty on European Union. 
  
 “EMU Legislation”: legislative measures of the European Council (including without limitation European Council regulations) for the introduction of, changeover to or operation of a single or unified European currency
(whether known as the Euro or otherwise), being in part the implementation of the third stage of EMU. 
  
 “Environmental Laws”: any and all Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances, codes,
decrees or requirements of any Governmental Authority regulating, relating to or imposing liability or standards of conduct concerning environmental protection matters. 
  

 9 








 “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to
time. 
  
 “Euro” shall mean the single currency
of Participating Member States of the European Union. 
  
 “Eurodollar Loans”: Loans the rate of interest applicable to which is based on the Eurodollar Rate. 
  
 “Eurodollar Rate”: a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative
Agent pursuant to the following formula: 
  

			
	Eurodollar Rate =	  	 LIBOR


	  	1.00 - Eurodollar Reserve Percentage

  
 “Eurodollar
Reserve Percentage”: for any day, (A) for any Eurodollar Loan with respect to which the Mandatory Cost Rate does not apply, the maximum rate (expressed as a decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%)
at which any bank subject thereto would be required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System (or any successor or similar regulations relating to such reserve requirements) against Eurocurrency
Liabilities (as that term is used in Regulation D), if such liabilities were outstanding and (B) for any Eurodollar Loan with respect to which the Mandatory Cost Rate does apply, zero (0). The Eurodollar Reserve Percentage shall be adjusted
automatically on and as of the effective date of any change in the Eurodollar Reserve Percentage. 
  
 “Event of Default”: any of the events specified in Section 7, provided that any requirement for the giving of notice, the lapse of
time, or both, or any other condition, has been satisfied. 
  
 “Excluded Individuals”: with respect to any Person, the officers, directors, employees, agents and representatives of such Person involved, directly or indirectly, in (a) any aspect of its transaction card business,
such as credit cards, debit cards or retail cards, (b) the securities investment decisions of such Person whether made for its own account or the accounts of others or (c) the payment instruments and consumer funds transfer business of
such Person. 
  
 “Existing Credit Agreement”: the
Revolving Credit Agreement, dated as of November 3, 2000, among the Company, the several banks and other financial institutions parties thereto and The Chase Manhattan Bank, as administrative agent thereunder, as amended, modified or otherwise
supplemented. 
  
 “Extension of Credit”: as to
any Bank, the making of a Loan or a Swing Line Loan by such Bank or the issuance of, or participation in, a Letter of Credit by such Bank. 
  

 10 








 “Facility Fee Rate”: for each day during each calculation period, a rate per annum based
on the Ratings in effect on such day, as set forth below: 
  

				
	 Rating

	  	Facility
Fee Rate

	 
	 Rating I
	  	.050	%
	 Rating II
	  	.060	%
	 Rating III
	  	.070	%
	 Rating IV
	  	.080	%
	 Rating V
	  	.100	%

  
 “Federal Funds
Effective Rate”: as defined in the definition of “ABR”. 
  
 “Federal Reserve Board”: the Board of Governors of the Federal Reserve System, and any Governmental Authority succeeding to any of its principal functions. 
  
 “Fee Letters”: collectively, (a) the letter agreement
dated September 7, 2005 addressed to the Company from the Administrative Agent, the Syndication Agent and the Joint Lead Arrangers, as amended, modified or otherwise supplemented and (b) the letter agreement dated September 7, 2005
addressed to the Company from the Administrative Agent, as amended, modified or otherwise supplemented. 
  
 “Financing Lease”: any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance
with GAAP to be capitalized on a balance sheet of the lessee. 
  
 “Fixed Rate Bid Loan”: any Bid Loan made at a fixed rate (as opposed to a rate based upon the Eurodollar Rate). 
  
 “Fixed Rate Bid Loan Request”: any Bid Loan Request requesting the Banks to offer to make Fixed Rate Bid Loans. 
  
 “Foreign Currency”: (a) Euros and (b) British
Pound Sterling. 
  
 “Foreign Currency
Equivalent”: with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Foreign Currency as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of
the most recent Revaluation Date) applicable to such Foreign Currency. 
  
 “Foreign Currency Loan”: any Loan denominated in a Foreign Currency. 
  
 “Funded Debt”: any indebtedness for money borrowed, created, issued, incurred, assumed or guaranteed which would, in accordance with GAAP, be classified as long-term debt, but in any event including
all indebtedness for money borrowed, whether secured or unsecured, 

  

 11 








 
maturing more than one year, or extendible at the option of the obligor to a date more than one year, after the date of determination thereof (excluding any
amount thereof included in current liabilities). 
  
 “GAAP”: as to a particular Person, such accounting principles as, in the opinion of the independent public accountants regularly retained by such Person, conform at the time to United States generally accepted accounting
principles. 
  
 “Governmental Authority”: any
nation or government, any state or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 
  
 “Group of Persons” means any related Persons that would
constitute a “group” for purposes of Section 13(d) and Rule 13d-5 under the Securities Exchange Act of 1934, as amended (as such Section and Rule are in effect as of the date of this Agreement). 
  
 “Guarantee Obligation”: as to any Person (the
“guaranteeing person”), and without duplication, any obligation of (a) the guaranteeing person or (b) another Person (including, without limitation, any bank under any letter of credit) to induce the creation of which the
guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect guaranteeing any Indebtedness (the “primary obligations”) of any other third Person (the “primary
obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct
or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or other wise to maintain the
net worth or solvency of the primary obligor or (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such
primary obligation; provided, however, that the term Guarantee Obligation shall not include (x) endorsements of instruments for deposit or collection in the ordinary course of business, (y) any bond or guarantee given by the Company or any
Subsidiary on behalf of any Subsidiary solely for the performance of contractual obligations with customers or on behalf of customers in the ordinary course of business or (z) leasehold guarantees provided by the Company in connection with
properties leased in the United Kingdom. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which
such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for
which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by
the Company in good faith. 
  
 “Indebtedness”: of
any Person at any date and without duplication, (a) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services 

  

 12 








 
(other than current trade liabilities incurred in the ordinary course of business and payable in accordance with customary practices or endorsements for the
purpose of collection in the ordinary course of business and excluding the deferred purchase price of property or services to be repaid through earnings of the purchaser to the extent such amount is not characterized as indebtedness in accordance
with GAAP), (b) any other indebtedness of such Person which is evidenced by a note, bond, debenture or similar instrument, (c) all obligations of such Person under Financing Leases, (d) all obligations of such Person in respect of
acceptances issued or created for the account of such Person and (e) all liabilities secured by any Lien on any property owned by such Person even though such Person has not assumed or otherwise become liable for the payment thereof. For the
purposes of this definition, (i) the issuance of payment instruments, consumer funds transfers, or other amounts paid to or received by the Company, any of its Subsidiaries or any agent thereof in the ordinary course of business in order for
the Company or such Subsidiary to make further distribution to a third party shall not constitute “Indebtedness”, in each case to the extent payment in respect thereof has been received by the Company, such Subsidiary or any agent thereof
and (ii) temporary overdraft obligations incurred in the ordinary course of business in connection with settlement procedures between merchants and transaction card issuers shall not constitute “Indebtedness”. 
  
 “Information Materials”: the Confidential Information
Memorandum dated September 2005 in respect of the transactions contemplated hereby sent by Wachovia to each of the Banks, including all supplements and amendments thereto. 
  
 “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the
meaning of Section 4245 of ERISA. 
  
 “Insolvent”: pertaining to a condition of Insolvency. 
  
 “Interest Payment Date”: (a) as to any ABR Loan other than a Swing Line Loan, the last day of each March, June, September and December and the Termination Date, (b) as to any Eurodollar Loan
having an Interest Period of three months or less or any Fixed Rate Bid Loan having an Interest Period of 90 days or less, the last day of such Interest Period, (c) as to any Eurodollar Loan or Fixed Rate Bid Loan having an Interest Period
longer than three months or 90 days, respectively, each day which is three months or 90 days, respectively, or a whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period and (d) as
to any Swing Line Loan, each of the dates occurring at thirty day intervals after the Borrowing Date of such Swing Line Loan and the date of payment of principal thereof. 
  
 “Interest Period”: 
  
 (a) with respect to any Eurodollar Loan: 
  
 (i) initially, the period commencing on the borrowing or conversion date, as the case may be, with respect
to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the Company in its notice of borrowing or notice of conversion, as the case may be, given with respect thereto; and 
  

 13 








 (ii) thereafter, each period commencing on the last day of the next preceding Interest
Period applicable to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the Company by irrevocable notice to the Administrative Agent not less than (x) with respect to Eurodollar Loans denominated in
Dollars, three Business Days prior to the last day of the then current Interest Period with respect thereto and (y) with respect to Eurodollar Loans denominated in Foreign Currency, four Business Days prior to the last day of the then current
Interest Period with respect thereto; and 
  
 (b)
with respect to any Bid Loan, the period specified in the Bid Loan Confirmation with respect to such Bid Loan; 
  
 provided that, all of the foregoing provisions relating to Interest Periods are subject to the following: 
  
 (A) if any Interest Period pertaining to a Eurodollar Loan would otherwise end on a day that is not a Business Day, such Interest Period
shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day;

  
 (B) if any Interest Period pertaining to a
Fixed Rate Bid Loan would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day; 
  
 (C) any Interest Period that would otherwise extend beyond the Termination Date shall end on the Termination Date; 
  
 (D) if the Company shall fail to give notice as provided in
clause (a)(ii) above, the Company shall be deemed to have selected (A) in the case of Loans denominated in Dollars, an ABR Loan to replace the affected Eurodollar Loan and (B) in the case of Loans denominated in Foreign Currencies, an
Interest Period of one month; 
  
 (E) any
Interest Period pertaining to a Eurodollar Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last
Business Day of a calendar month; and 
  
 (F) no
more than eight (8) Eurodollar Loans may be in effect at any time. For purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they shall begin on the same date, although
borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period. 
  

 14 








 “Issuing Lender”: with respect to any Letter of Credit, Wachovia or Wells Fargo Bank,
National Association, as chosen by the Company. 
  
 “Issuing Lender Fees”: as defined in subsection 2.4. 
  
 “Joint Lead Arrangers”: Wachovia Capital Markets, LLC and Wells Fargo Bank, National Association. 
  
 “Letter of Credit” any letter of credit issued by an Issuing Lender pursuant to the terms hereof, as such Letter of Credit may be
amended, modified, extended, renewed or replaced from time to time. 
  
 “Letter of Credit Facing Fee”: as defined in subsection 2.4. 
  
 “Letter of Credit Fee”: as defined in subsection 2.4. 
  
 “LIBOR”: for any Eurodollar Loan for any Interest Period therefor, either (a) the rate of interest per annum determined by the
Administrative Agent (rounded upward to the nearest 1/100 of 1%) appearing on, in the case of Dollars, the Telerate Page 3750 (or any successor page) and, in the case of a Foreign Currency, the appropriate page of the Telerate screen which displays
British Bankers Association Interest Settlement Rates for deposits in such Foreign Currency (or, in each case, (i) such other page or service as may replace such page on such system or service for the purpose of displaying such rates and
(ii) if more than one rate appears on such screen, the arithmetic mean for all such rates rounded upward to the nearest 1/100 of 1%) as the London interbank offered rate for deposits in the applicable currency at approximately 11:00 A.M.
(London time), on the second full Business Day preceding the first day of such Interest Period, and in an amount approximately equal to the amount of the Eurodollar Loan and for a period approximately equal to such Interest Period or (b) if
such rate is for any reason not available, the rate per annum equal to the rate at which the Administrative Agent or its designee is offered deposits in such currency at or about 11:00 A.M. (London time), two Business Days prior to the beginning of
such Interest Period in the interbank eurodollar market where the eurodollar and foreign currency and exchange operations in respect of its Eurodollar Loans are then being conducted for settlement in immediately available funds, for delivery on the
first day of such Interest Period for the number of days comprised therein, and in an amount comparable to the amount of the Eurodollar Loan to be outstanding during such Interest Period. With respect to any Eurodollar Loan denominated in British
Pounds Sterling, for any Interest Period, “LIBOR” shall mean the rate equal to the sum of (A) the rate determined in accordance with the foregoing terms of this definition plus (B) the Mandatory Cost Rate for such Interest
Period. 
  
 “LIBOR Bid Loan”: any Bid Loan made
and/or being maintained at a rate of interest based upon the Eurodollar Rate. 
  
 “LIBOR Bid Loan Request”: any Bid Loan Request requesting the Banks to offer to make LIBOR Bid Loans. 
  

 15 








 “Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, any conditional sale or
other title retention agreement and any Financing Lease having substantially the same economic effect as any of the foregoing), it being understood that the holding of money or investments for the purpose of honoring payment instruments shall not be
considered a “Lien” for the purposes of this definition. 
  
 “Loan Documents”: this Agreement, the LOC Documents and the Notes. 
  
 “Loans”: Revolving Credit Loans, Swing Line Loans and Bid Loans. 
  
 “LOC Commitment”: the commitment of the Issuing Lenders to issue Letters of Credit and with respect to each Bank, the commitment of such
Bank to purchase participation interests in the Letters of Credit up to such Bank’s Commitment Percentage of all LOC Obligations. 
  
 “LOC Committed Amount”: collectively, the aggregate amount of all of the LOC Commitments of the Banks to issue and participate in Letters
of Credit as referenced in subsection 2.22 and, individually, the amount of each Bank’s LOC Commitment. 
  
 “LOC Documents”: with respect to any Letter of Credit, such Letter of Credit, any amendments thereto, any documents delivered in
connection therewith, any application therefor, and any agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and
obligations of the parties concerned or (b) any collateral security for such obligations. 
  
 “LOC Mandatory Borrowing”: as defined in subsection 2.22(e). 
  
 “LOC Obligations”: at any time, the sum of (a) the maximum amount which is, or at any time thereafter may become, available to be
drawn under Letters of Credit then outstanding, assuming compliance with all requirements for drawings referred to in such Letters of Credit plus (b) the aggregate amount of all drawings under Letters of Credit honored by the Issuing
Lenders but not theretofore reimbursed. 
  
 “Majority
Banks”: at any time, the Banks holding more than 50% of the aggregate amount of the Commitments or, if no Commitments are then in effect, the Banks holding (or under subsection 2.19(e) participating in) more than 50% of the aggregate
unpaid principal amount of the Loans and Participation Interests. 
  
 “Mandatory Cost Rate”: with respect to any Loan or other Obligation booked outside the United States for any Interest Period, a rate per annum reflecting the cost to the Banks of complying with all reserve, special deposit,
capital adequacy, solvency, liquidity ratios, fees or other requirements of or imposed by the Bank of England, the Financial Services Authority, the European Central Bank or any other governmental or regulatory authority for such Interest Period
attributable to such Loan or Obligation (rounded up if necessary to 4 decimal places) as conclusively determined by the Administrative Agent. 
  

 16 








 “Material Adverse Effect”: a material adverse effect on the ability of the Company to
perform its obligations under this Agreement or the Notes. 
  
 “Moody’s”: Moody’s Investors Service, Inc. 
  
 “Multiemployer Plan”: a Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 
  
 “Notes”: the collective reference to the Revolving Credit Notes, the Swing Line Notes and Bid Notes. 
  
 “Obligations”: all of the obligations, indebtedness and
liabilities of the Company to the Banks (including the Issuing Lenders and the Swing Line Bank) and the Administrative Agent, whenever arising, under this Agreement, the Notes or any of the other Loan Documents including principal, interest, fees,
reimbursements and indemnification obligations and other amounts (including, but not limited to, any interest accruing after the occurrence of a filing of a petition of bankruptcy under the Bankruptcy Code with respect to the Company, regardless of
whether such interest is an allowed claim under the Bankruptcy Code). 
  
 “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA. 
  
 “Participant”: as defined in subsection 9.6(b). 
  
 “Participating Member State”: each country so described in any EMU Legislation. 
  
 “Participation Interest”: the purchase by a Bank of a
participation interest in Letters of Credit as provided in subsection 2.22 and in Swing Line Loans as provided in Section 2.19. 
  
 “Person”: an individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization,
Governmental Authority or other entity of whatever nature. 
  
 “Plan”: at a particular time, any employee benefit plan which is covered by ERISA and in respect of which the Company or a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under
Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
  
 “Pounds Sterling”: British pounds sterling, the lawful currency of the United Kingdom. 
  
 “Prime Rate”: as defined in the definition of ABR.

  
 “Principal Facility”: the real property,
fixtures, machinery and equipment relating to any facility owned by the Company or any Subsidiary, except for any facility that, in the opinion of 

  

 17 








 
the Board of Directors of the Company, is not of material importance to the business conducted by the Company and its Subsidiaries, taken as a whole.

  
 “Purchased Receivables”: accounts receivable
purchased by the Company or any of its Subsidiaries from third parties and not originally created by the sale of goods or services by the Company or any of its Subsidiaries. 
  
 “Purchased Receivables Financing”: any financing transaction pursuant to which Purchased Receivables are
sold, transferred, securitized or otherwise financed by any Receivables Subsidiary and as to which there is no recourse to the Company or any of its other Subsidiaries (other than customary representations and warranties made in connection with the
sale or transfer of Purchased Receivables). 
  
 “Purchasing Banks”: as defined in subsection 9.6(c). 
  
 “Rating”: the respective rating of each of the Rating Agencies applicable to the long-term senior unsecured non-credit enhanced debt of the Company, as announced by the Rating Agencies from time to
time. 
  
 “Rating Agencies”: collectively,
S&P and Moody’s. 
  
 “Rating Category”:
each of Rating I, Rating II, Rating III, Rating IV and Rating V. 
  
 “Rating I”, “Rating II”, “Rating III”, “Rating IV” and “Rating V”: the respective Ratings set forth below: 
  

					
	 Rating Category

	  	 S&P

	  	Moody’s


			
	 Rating I
	  	 greater than or equal to AA-
	  	greater than or equal to Aa3
			
	 Rating II
	  	 equal to A+
	  	equal to A1
			
	 Rating III
	  	 equal to A
	  	equal to A2
			
	 Rating IV
	  	 equal to A-
	  	equal to A3
			
	 Rating V
	  	 equal to or less than BBB+
	  	equal to or less than Baa1

  
 ; provided, that (i) if on any
day the Ratings of the Rating Agencies do not fall in the same Rating Category, and the lower of such Ratings (i.e., the Rating Category designated by a numerically higher Roman numeral) is one Rating Category lower than the higher of such Ratings,
then the Rating Category of the higher of such Ratings shall be applicable for such day, 

  

 18 








 
(ii) if on any day the Ratings of the Rating Agencies do not fall in the same Rating Category, and the lower of such Ratings is more than one Rating
Category lower than the higher of such Ratings, then the Rating Category next lower from that of the higher of such Ratings shall be applicable for such day, (iii) if on any day the Rating of only one of the Rating Agencies is available, then
the Rating Category determined by such Rating shall be applicable for such day and (iv) if on any day a Rating is available from neither of the Rating Agencies, then Rating V shall be applicable for such day. Any change in the applicable
Rating Category resulting from a change in the Rating of a Rating Agency shall become effective on the date such change is publicly announced by such Rating Agency. 
  
 “Receivables Subsidiary”: any Subsidiary of the Company which purchases Purchased Receivables directly or
to which Purchased Receivables are transferred by the Company or any of its Subsidiaries, in either case with the intention of engaging in a Purchased Receivables Financing. 
  
 “Regulation U”: Regulation U of the Board of Governors of the Federal Reserve System. 
  
 “Regulation X”: Regulation X of the Board of Governors of
the Federal Reserve System. 
  
 “Reimbursement
Obligation”: the obligation of the Company to reimburse the Issuing Lenders pursuant to subsection 2.22(d) for amounts drawn under Letters of Credit. 
  

“Reorganization”: with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of
Section 4241 of ERISA. 
  
 “Reportable
Event”: any of the events set forth in Section 4043(b) of ERISA, other than those events as to which the thirty day notice period is waived under subsection .13, .14, .16, .18, .19 or .20 of PBGC Reg. (S)2615. 
  
 “Requirement of Law”: as to any Person, the Certificate of
Incorporation and By-Laws or other organizational or governing documents of such Person, and any law (including, without limitation, Environmental Laws), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental
Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 
  
 “Responsible Officer”: the chairman and the chief executive officer of the Company, the chief financial officer of the Company, the
treasurer of the Company or the senior vice president-finance of the Company. 
  
 “Revaluation Date”: with respect to any Extension of Credit, each of the following: (a) in connection with the origination of any new Extension of Credit, the Business Day which is the earliest
of the date such credit is extended or the date the rate is set; (b) in connection with any extension or conversion or continuation of an existing Loan, the Business Day that is the earlier of the date such advance is extended, converted or
continued, or the date the rate is set, as applicable, in connection with any extension, conversion or continuation; (c) each date a Letter of Credit is issued or renewed or amended in such a way as to modify the LOC Obligations; 

  

 19 








 
(d) the date of any reduction of the Commitments; and (e) such additional dates as the Administrative Agent or the Majority Banks shall deem necessary.
For purposes of determining availability hereunder, the rate of exchange for any Foreign Currency shall be the Spot Rate. 
  
 “Revolving Credit Loan”: as defined in subsection 2.1. 
  
 “Revolving Credit Note”: as defined in subsection 2.2. 
  
 “S&P”: Standard & Poor’s Ratings Services.

  
 “Short-Term Ratings”: with respect to any
Person, the short-term debt ratings of such Person issued by the Rating Agencies. 
  
 “Significant Subsidiary”: at any date, any Subsidiary of the Company which, together with its Subsidiaries, (i) has a proportionate share of Consolidated Net Assets that exceeds 10% at the time
of determination or (ii) has equity in the Consolidated Net Income that exceeds 10% for the period of the four most recently completed fiscal quarters preceding the time of determination. 
  
 “Single Employer Plan”: any Plan which is covered by
Title IV of ERISA, but which is not a Multiemployer Plan. 
  
 “Spot Rate”: with respect to any Foreign Currency, the rate quoted by Wachovia as the spot rate for the purchase by Wachovia of such Foreign Currency with Dollars through its principal foreign exchange trading office at
approximately 11:00 A.M. New York City time, on the date two Business Days prior to the date as of which the foreign exchange computation is made. 
  
 “Subsidiary”: as to any Person, a corporation, partnership or other entity of which shares of stock or other ownership interests having
ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other
entity are at the time owned, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to
a Subsidiary or Subsidiaries of the Company. 
  
 “Swing
Line Commitment”: the obligation of the Swing Line Bank to make Committed Swing Line Loans pursuant to subsection 2.19 in an aggregate amount at any one time outstanding up to $150,000,000. 
  
 “Swing Line Loan”: as defined in subsection 2.19(a).

  
 “Swing Line Note”: as defined in
subsection 2.19(b). 
  
 “Termination Date”:
October 24, 2010. 
  

 20 








 “Tranche”: the reference to Eurodollar Loans the Interest Periods with respect to all of
which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day); Tranches may be identified as “Eurodollar Tranches”. 
  
 “Transferee”: as defined in subsection 9.6(f).

  
 “Treaty on European Union”: the Treaty of
Rome of March 25, 1957, as amended by the Single European Act 1986 and the Maastricht Treaty (which was signed at Maastricht on February 1, 1992 and came into force on November 1, 1993), as amended from time to time. 
  
 “Type”: as to any Loan, its nature as an ABR Loan or a
Eurodollar Loan. 
  
 “Unrefunded Swing Line
Loans”: as defined in subsection 2.19(d). 
  
 “Wachovia”: Wachovia Bank, National Association, together with its successors and/or assigns. 
  
 1.2 Other Definitional Provisions. 
  
 (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the Notes or any
certificate or other document made or delivered pursuant hereto. 
  
 (b) As used herein and in the Notes, and any certificate or other document made or delivered pursuant hereto, accounting terms relating to the Company and its Subsidiaries not defined in subsection 1.1 and
accounting terms partly defined in subsection 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP. 
  
 (c) The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to this Agreement unless otherwise specified. 
  
 (d) The meanings given to terms defined herein shall be
equally applicable to both the singular and plural forms of such terms. 
  
 1.3 Accounting Terms. 
  
 Unless otherwise
specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made in accordance with GAAP applied on a basis consistent with the most recent audited consolidated financial statements of
the Company delivered to the Banks. 
  

 21 








 1.4 Exchange Rates; Currency Equivalents. 
  
 (a) The Administrative Agent shall determine the Spot Rates
as of each Revaluation Date to be used for calculating the Dollar Amounts of Extensions of Credit and amounts outstanding hereunder denominated in Foreign Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be
the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by the Company hereunder or calculating financial covenants hereunder
or except as otherwise provided herein, the applicable amount of any currency for purposes of the Loan Documents shall be such Dollar Amount as so determined by the Administrative Agent. 
  
 (b) Wherever in this Agreement in connection with an Extension of Credit, conversion, continuation or
prepayment of a Loan, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Extension of Credit or Loan is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such
Dollar Amount (rounded to the nearest 1,000 units of such Foreign Currency), as determined by the Administrative Agent. 
  
 1.5 Computation of Dollar Amounts. 
  
 References herein to minimum Dollar Amounts and integral multiples stated in Dollars, where they shall also be applicable to Foreign Currency, shall be
deemed to refer to approximate Foreign Currency Equivalents. 
  
 SECTION 2 
  
 AMOUNT AND TERMS OF COMMITMENTS

  
 2.1 Commitments. 
  
 (a) Subject to the terms and conditions hereof, each Bank
severally agrees to make revolving credit loans (each, a “Revolving Credit Loan”; collectively, the “Revolving Credit Loans”) in Dollars and in Foreign Currencies to the Company from time to time during the
Commitment Period in an aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) at any one time outstanding which, when added to the amount of such Bank’s Commitment Percentage of the aggregate principal amount of
all Swing Line Loans and LOC Obligations then outstanding, shall not exceed the amount of such Bank’s Commitment; provided that, (i) after giving effect to the use of proceeds of Revolving Credit Loans to repay any Swing Line Loans or LOC
Obligations, the aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of Revolving Credit Loans, Swing Line Loans, Bid Loans and LOC Obligations outstanding at any one time shall not exceed the aggregate amount of
the Commitments at such time; and (ii) the aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of Revolving Credit Loans that are Foreign Currency Loans outstanding to the Company shall not exceed $250,000,000.
During the 

  

 22 








 
Commitment Period the Company may use the Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in
accordance with the terms and conditions hereof. 
  
 (b) The Revolving Credit Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans, or (iii) a combination thereof, as determined by the Company and notified to the Administrative Agent in accordance with
subsections 2.3 and 2.7, provided that (1) no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Termination Date and (2) all Foreign Currency Loans must be Eurodollar Loans.

  
 2.2 Revolving Credit Notes. The Revolving Credit
Loans made by each Bank shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit A with appropriate insertions as to payee, date and principal amount (a “Revolving Credit Note”), payable to the
order of such Bank and in a principal Dollar Amount (determined as of the most recent Revaluation Date) equal to the aggregate unpaid principal Dollar Amount (determined as of the most recent Revaluation Date) of all Revolving Credit Loans made by
such Bank. Each Bank is hereby authorized to record the date, Type, currency and amount of each Revolving Credit Loan made by such Bank, each continuation thereof, each conversion of all or a portion thereof to another Type, the date and amount of
each payment or prepayment of principal thereof and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto, on the schedule annexed to and constituting a part of its Revolving Credit Note, and any such recordation
shall constitute prima facie evidence of the accuracy of the information so recorded, provided that the failure of any Bank to make any such recordation (or any error in such recordation) shall not affect the obligations of the Company hereunder or
under any Revolving Credit Note in respect of the Revolving Credit Loans. Each Revolving Credit Note shall (x) be dated the Closing Date, (y) be stated to mature on the Termination Date and (z) provide for the payment of interest in
accordance with subsection 2.9. 
  
 2.3 Procedure for
Borrowing. The Company may borrow under the Commitments during the Commitment Period on any Business Day, provided that the Company shall deliver to the Administrative Agent a Borrowing Certificate (which certificate to be effective on
the requested Borrowing Date must be received by the Administrative Agent (a) prior to 12:00 noon, New York City time, three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to
be initially Eurodollar Loans, (b) prior to 10:00 A.M., London, England time, four Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be Foreign Currency Loans and
(c) prior to 12:00 noon, New York City time, on the requested Borrowing Date, otherwise), specifying (i) the amount to be borrowed, (ii) the currency to be borrowed, (iii) the requested Borrowing Date, (iv) whether the
borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof (if the borrowing is to be denominated in a Foreign Currency, the borrowing must be comprised entirely of Eurodollar Loans) and (v) if the borrowing is to be entirely or
partly of Eurodollar Loans, the aggregate amount of such Eurodollar Loans and the amounts of each such Eurodollar Loan and the respective length of the initial Interest Period therefor. Each borrowing under the Commitments shall be in a Dollar
Amount equal to (x) in the case of ABR Loans other than a Swing Line Loan, $5,000,000 or a whole multiple of $1,000,000 in excess 

  

 23 








 
thereof (or, if the then Available Commitments are less than $5,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a
whole multiple of $1,000,000 in excess thereof. Upon receipt of a Borrowing Certificate, the Administrative Agent shall promptly notify each Bank thereof. 
  
 Each Bank will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Company at the
applicable office of the Administrative Agent specified in subsection 9.2 or such other office specified by the Administrative Agent from time to time prior to (a) 2:00 P.M., New York City time in the case of ABR Loans and
11:00 A.M., New York City time in the case of Eurodollar Loans denominated in Dollars and (b) the Applicable Time specified by the Administrative Agent in the case of any Foreign Currency Loan, on the Borrowing Date requested by the
Company in Dollars or the applicable Foreign Currency and in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Company by the Administrative Agent crediting the account of the Company on the
books of such office with the aggregate of the amounts made available to the Administrative Agent by the Banks and in like funds as received by the Administrative Agent. 
  
 2.4 Fees. 
  
 (a) The Company agrees to pay to the Administrative Agent, for the account of each Bank, a facility fee for the period from and including
the Closing Date through the Termination Date, calculated as an amount equal to the product of (i) the Facility Fee Rate and (ii) the average daily amount of the Commitment of such Bank (regardless of usage) during the period for which
such facility fee is calculated, payable in arrears on the last day of each December, March, June and September (for the quarterly period ended on such date) and on the Termination Date or such earlier date on which the Commitments shall terminate
as provided herein (for the period from the last quarterly payment date to the Termination Date or such other date, as applicable). Such payments shall commence on December 31, 2005, and such first payment shall be for the period from the
Closing Date through December 31, 2005. 
  
 (b) The Company agrees to pay to the Administrative Agent, the Syndication Agent and the Joint Lead Arrangers for their own account, as the case may be, the fees in the respective amounts and at the respective times set forth in the Fee
Letters. 
  
 (c) If on any date the aggregate
outstanding principal Dollar Amount (determined as of the most recent Revaluation Date) of Loans and LOC Obligations hereunder exceeds 50% of the aggregate Commitments of all Banks hereunder, the Company will pay to the Administrative Agent for the
ratable benefit of the Banks a utilization fee (the “Utilization Fee”) at a per annum rate equal to 5.0 basis points on the outstanding principal Dollar Amount (determined as of the most recent Revaluation Date) of Loans and LOC
Obligations, payable in arrears on the last day of each December, March, June and September (for the quarterly period ended on such date) and on the Termination Date. 
  

 24 








 (d) In consideration of the LOC Commitments, the Company agrees to pay to the
Administrative Agent a fee (the “Letter of Credit Fee”) equal to the Applicable Margin per annum on the average daily maximum amount available to be drawn under each Letter of Credit from the date of issuance to the date of
expiration. The Letter of Credit Fee shall be for the ratable benefit of the Banks (including the Issuing Lenders). 
  
 (e) In addition to the Letter of Credit Fees payable pursuant to subsection (d) hereof, the Company shall pay to each Issuing Lender
for its own account without sharing by the other Banks the reasonable and customary charges from time to time of such Issuing Lender with respect to the amendment, transfer, administration, cancellation and conversion of, and drawings under, such
Letters of Credit (collectively, the “Issuing Lender Fees”). Each Issuing Lender may charge, and retain for its own account without sharing by the other Banks, an additional facing fee (the “Letter of Credit Facing
Fee”) in an amount per annum to be agreed between the applicable Issuing Lender and the Company on the average daily maximum amount available to be drawn under each such Letter of Credit issued by it. The Letter of Credit Facing Fee shall
be payable quarterly in arrears on the last Business Day of each December, March, June and September (for the quarterly period ended on such date) and on the Termination Date. 
  
 2.5 Termination or Reduction of Commitments. The Company shall have the right, upon not less than five Business
Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments, provided that no such termination or reduction shall be permitted if, after giving effect thereto and to any
prepayments of the Loans made on the effective date thereof, the aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of the Loans and LOC Obligations then outstanding would exceed the Commitments then in effect.
Upon receipt of any such notice the Administrative Agent shall promptly notify each Bank thereof. Any such reduction shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and shall reduce permanently the
Commitments then in effect. Any reduction (to the extent that, after such reduction, the Commitment of the Swing Line Bank shall be less than the Swing Line Commitment of the Swing Line Bank) or termination of the Commitment of the Swing Line Bank
shall automatically result in a termination or reduction in an equal amount of the Swing Line Commitment of the Swing Line Bank. 
  
 2.6 Prepayments. 
  
 (a) Subject to subsection 2.16, the Company may at any time and from time to time prepay the Revolving Credit Loans, in whole or in
part, without premium or penalty, upon irrevocable notice to the Administrative Agent given prior to 10:00 A.M., New York City time, at least three Business Days in advance in the case of Eurodollar Loans and on the requested prepayment date in
the case of ABR Loans, specifying the date and amount of prepayment and whether the prepayment is of Eurodollar Loans, ABR Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of any such
notice the Administrative Agent shall promptly notify each Bank thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein. Partial prepayments shall be in an 

  

 25 








 
aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. The
Company shall not have the right to prepay any principal amount of any Bid Loan without the prior written consent of the applicable Bank then making such Bid Loan. 
  
 (b) If at any time after the Closing Date, (i) the sum of the aggregate principal Dollar Amount
(determined as of the most recent Revaluation Date) of outstanding Revolving Credit Loans, Swing Line Loans, Bid Loans and LOC Obligations shall exceed the aggregate amount of the Commitments at such time or (ii) the aggregate principal Dollar
Amount (determined as of the most recent Revaluation Date) of Revolving Credit Loans that are Foreign Currency Loans outstanding to the Company exceeds $250,000,000, in each case, the Loans shall immediately be prepaid in an amount sufficient to
eliminate such excess. 
  
 2.7 Conversion and Continuation
Options. 
  
 (a) The Company may elect from
time to time to convert Revolving Credit Loans that are Eurodollar Loans to ABR Loans, by giving the Administrative Agent at least two Business Days’ prior irrevocable notice of such election, provided that any such conversion of Eurodollar
Loans may only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert ABR Loans to Eurodollar Loans by giving the Administrative Agent at least three Business Days’ prior
irrevocable notice of such election. Any such notice of conversion to Eurodollar Loans shall specify the length of the initial Interest Period or Interest Periods therefor. Upon receipt of any such notice the Administrative Agent shall promptly
notify each Bank thereof. All or any part of outstanding Eurodollar Loans and ABR Loans may be converted as provided herein, provided that (i) no Loan may be converted into a Eurodollar Loan when any Event of Default has occurred and is
continuing and the Administrative Agent or the Majority Banks have determined that such a conversion is not appropriate, (ii) any such conversion may only be made if, after giving effect thereto, subsection 2.8 shall not have been contravened,
(iii) no Loan may be converted into a Eurodollar Loan after the date that is one month prior to the Termination Date and (iv) no Revolving Credit Loan denominated in a Foreign Currency may be converted to an ABR Loan. 
  
 (b) Any Revolving Credit Loans that are Eurodollar Loans may
be continued as such upon the expiration of the then current Interest Period with respect thereto by the Company giving notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set
forth in subsection 1.1, of the length of the next Interest Period to be applicable to such Loans, provided that no Eurodollar Loan may be continued as such (i) when any Event of Default has occurred and is continuing and the
Administrative Agent or the Majority Banks have determined that such a continuation is not appropriate, (ii) if, after giving effect thereto, subsection 2.8 would be contravened or (iii) after the date that is one month prior to the
Termination Date and provided, further, that if the Company shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding 

  

 26 








 
proviso such Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of any such notice the
Administrative Agent shall promptly notify each Bank thereof. For purposes of this subsection, any reference to an ABR Loan shall be deemed to exclude any Swing Line Loan. 
  
 (c) Unless otherwise agreed to by the Majority Banks, upon the occurrence and during the continuance of any
Event of Default, all Foreign Currency Loans then outstanding shall be redenominated into Dollars (based on the Dollar Amount (determined as of the most recent Revaluation Date) of such Foreign Currency Loans on the date of redenomination) on the
last day of the then current Interest Periods of such Foreign Currency Loans; provided that in each case the Company shall be liable for any currency exchange loss related to such payments and shall promptly pay to each Bank upon receipt of
notice thereof by the Company from such Bank the amount of any such loss incurred by such Bank. 
  
 2.8 Minimum Amounts of Tranches. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder
shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising each Eurodollar Tranche shall be equal to a Dollar Amount (determined as of the most recent
Revaluation Date) of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. 
  
 2.9 Interest Rates and Payment Dates. 
  
 (a) Each ABR Loan shall bear interest at a rate per annum equal to the ABR. 
  
 (b) Each Revolving Credit Loan that is a Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto
at a rate per annum equal to the Eurodollar Rate determined for such Interest Period plus the Applicable Margin. 
  
 (c) Each Bid Loan shall bear interest as provided in subsection 2.18. 
  
 (d) If all or a portion of (i) the principal amount of any Loan or (ii) any interest payable
thereon shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would otherwise be
applicable thereto pursuant to the foregoing provisions of this subsection plus 2% or (y) in the case of overdue interest, the rate described in paragraph (a) of this subsection plus 2%, in each case from the date of such non-payment until
such amount is paid in full (as well after as before judgment). 
  
 (e) Interest on each Revolving Credit Loan and each Swing Line Loan shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (d) of this subsection shall be
payable on demand. Interest on each Bid Loan shall be payable as set forth in the applicable Bid Note. 
  

 27 








 2.10 Computation of Interest and Fees. 
  
 (a) Facility fees and, whenever it is calculated on the
basis of the Prime Rate, interest on ABR Loans and Foreign Currency Loans denominated in Pounds Sterling, shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed; otherwise, interest shall be
calculated on the basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Company and the Banks of each determination of a Eurodollar Rate. The Administrative Agent shall as soon as
practicable notify the Company and the Banks of the effective date and the amount of each such change in interest rate. 
  
 (b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and
binding on the Company and the Banks in the absence of manifest error. The Administrative Agent shall, at the request of the Company, deliver to the Company a statement showing the quotations used by the Administrative Agent in determining any
interest rate pursuant to subsection 2.9(b) or (c). 
  
 (c) It is the intent of the Banks and the Company to conform to and contract in strict compliance with applicable usury law from time to time in effect. All agreements between the Banks and the Company are hereby
limited by the provisions of this subsection which shall override and control all such agreements, whether now existing or hereafter arising and whether written or oral. In no way, nor in any event or contingency (including but not limited to
prepayment or acceleration of the maturity of any Loans), shall the interest taken, reserved, contracted for, charged, or received under this Agreement, under the Notes or otherwise, exceed the maximum nonusurious amount permissible under applicable
law. If, from any possible construction of any of the Loan Documents or any other document, interest would otherwise be payable in excess of the maximum nonusurious amount, any such construction shall be subject to the provisions of this paragraph
and such interest shall be automatically reduced to the maximum nonusurious amount permitted under applicable law, without the necessity of execution of any amendment or new document. If any Bank shall ever receive anything of value which is
characterized as interest on the Loans under applicable law and which would, apart from this provision, be in excess of the maximum nonusurious amount, an amount equal to the amount which would have been excessive interest shall, without penalty, be
applied to the reduction of the principal amount owing on the Loans and not to the payment of interest, or refunded to the Company or the other payor thereof if and to the extent such amount which would have been excessive exceeds such unpaid
principal amount of the Loans. The right to demand payment of the Loans or any other Indebtedness evidenced by any of the Loan Documents does not include the right to receive any interest which has not otherwise accrued on the date of such demand,
and the Banks do not intend to charge or receive any unearned interest in the event of such demand. All interest paid or agreed to be paid to the Banks with respect to the Loans shall, to the extent permitted by applicable law, be amortized,
prorated, allocated, and spread throughout the full stated term (including any renewal or extension) of the Loans 

  

 28 








 
so that the amount of interest on account of such Indebtedness does not exceed the maximum nonusurious amount permitted by applicable law. 
  
 2.11 Inability to Determine Interest Rate. In the event that prior to
the first day of any Interest Period: 
  
 (a) the
Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Company) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the
Eurodollar Rate for such Interest Period, or 
  
 (b) the Administrative Agent shall have received notice from the Majority Banks that the Eurodollar Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to such Banks (as conclusively
certified by such Banks) of making or maintaining their affected Loans during such Interest Period, the Administrative Agent shall give telecopy or telephonic (confirmed in writing) notice thereof to the Company and the Banks as soon as practicable
thereafter. If such notice is given (w) any affected Foreign Currency Loans requested to be made on the first day of such Interest Period shall be made, at the sole option of the applicable Borrower, in Dollars as ABR Loans or such request
shall be cancelled, (x) any Eurodollar Loans requested to be made on the first day of such Interest Period shall be made as ABR Loans or Fixed Rate Bid Loans based upon the ABR, (y) any Loans that were to have been converted on the first
day of such Interest Period to Eurodollar Loans shall be converted to or continued as ABR Loans in Dollars and (z) any Loans that pursuant to subsection 2.7(b) were to have been continued on the first day of such Interest Period as
Eurodollar Loans shall be converted to ABR Loans in Dollars. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made or continued as such, nor shall the Company have the right to convert Loans to
Eurodollar Loans. 
  
 2.12 Pro Rata Treatment and Payments.

  
 (a) Each borrowing of Revolving Credit
Loans and any reduction of the Commitments shall be made pro rata according to the respective Commitment Percentages of the Banks. Unless otherwise required by the terms of this Agreement, each payment under this Agreement or any Note
shall be applied, first, to any fees then due and owing by the Company pursuant to subsection 2.4, second, to interest then due and owing in respect of the Notes of the Company and, third, to principal then due and owing hereunder and under the
Notes of the Company. Each payment on account of any fees pursuant to subsection 2.4 shall be made pro rata in accordance with the respective amounts due and owing (except as to the Letter of Credit Facing Fee and the Issuing
Lender Fees). Each payment (other than prepayments) by the Company on account of principal of and interest on the Revolving Credit Loans shall be made pro rata according to the respective amounts due and owing. Without limiting the
terms of the preceding sentence, accrued interest on any Loans denominated in a Foreign Currency shall be 

  

 29 








 
payable in the same Foreign Currency as such Loan. Payments made pursuant to subsection 2.13 shall be applied in accordance with such section. All
payments (including prepayments) to be made by the Company on account of principal, interest and fees shall be made without defense, set-off or counterclaim (except as provided in subsection 2.15(b)) and shall be made to the Administrative
Agent for the account of the Banks at the Administrative Agent’s office specified in subsection 9.2 or such other office specified by the Administrative Agent in immediately available funds and (i) in the case of Loans or other
amounts denominated in Dollars, shall be made in Dollars not later than 12:00 noon New York City time on the date when due and (ii) in the case of Loans or other amounts denominated in a Foreign Currency, unless otherwise specified herein,
shall be made in such Foreign Currency not later than the Applicable Time specified by the Administrative Agent on the date when due. Any payment received after the foregoing deadlines shall be deemed received on the next Business Day. The
Administrative Agent shall distribute such payments to the Banks entitled thereto promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a
Business Day, such payment shall be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. If any payment on a Eurodollar Loan
becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event
such payment shall be made on the immediately preceding Business Day. 
  
 (b) Notwithstanding any other provisions of this Agreement to the contrary, after the exercise of remedies by the Administrative Agent or the Banks pursuant to Section 7 (or after the Commitments shall
automatically terminate and the Loans (with accrued interest thereon) and all other amounts under the Loan Documents (including without limitation the maximum amount of all contingent liabilities under Letters of Credit) shall automatically become
due and payable in accordance with the terms of such Section), all amounts collected or received by the Administrative Agent or any Bank on account of the Obligations or any other amounts outstanding under any of the Loan Documents shall be paid
over or delivered as follows: 
  
 FIRST, to the
payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable attorneys’ fees) of the Administrative Agent in connection with enforcing the rights of the Banks under the Loan Documents; 
  
 SECOND, to the payment of any fees owed to the
Administrative Agent; 
  
 THIRD, to the payment
of all reasonable out-of-pocket costs and expenses (including without limitation, reasonable attorneys’ fees) of each of the Banks in connection with enforcing its rights under the Loan Documents or otherwise with respect to the Obligations
owing to such Bank; 
  

 30 








 FOURTH, to the payment of all of the Obligations consisting of accrued fees and interest;

  
 FIFTH, to the payment of the outstanding
principal amount of the Obligations and the payment or cash collateralization of the outstanding LOC Obligations; 
  
 SIXTH, to all other Obligations and other obligations which shall have become due and payable under the Loan Documents or otherwise and
not repaid pursuant to clauses “FIRST” through “FIFTH” above; and 
  
 SEVENTH, to the payment of the surplus, if any, to whoever may be lawfully entitled to receive such surplus. 
  
 In carrying out the foregoing, (i) amounts received
shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category; (ii) each of the Banks shall receive an amount equal to its pro rata share (based on the proportion that the then outstanding
Loans and LOC Obligations held by such Bank bears to the aggregate then outstanding Loans and LOC Obligations) of amounts available to be applied pursuant to clauses “THIRD”, “FOURTH”, “FIFTH” and “SIXTH”
above; and (iii) to the extent that any amounts available for distribution pursuant to clause ”FIFTH” above are attributable to the issued but undrawn amount of outstanding Letters of Credit, such amounts shall be held by the
Administrative Agent in a cash collateral account and applied (A) first, to reimburse the Issuing Lenders from time to time for any drawings under such Letters of Credit and (B) then, following the expiration of all Letters of Credit, to
all other obligations of the types described in clauses “FIFTH” and “SIXTH” above in the manner provided in this subsection 2.12(b). 
  
 (c) Unless the Administrative Agent shall have been notified in writing by any Bank prior to a Borrowing
Date that such Bank will not make the amount that would constitute its Commitment Percentage of the borrowing of a Revolving Credit Loan on such date available to the Administrative Agent, the Administrative Agent may assume that such Bank has made
such amount available to the Administrative Agent on such Borrowing Date, and the Administrative Agent may, in reliance upon such assumption, make available to the Company a corresponding amount. If such amount is made available to the
Administrative Agent on a date after such Borrowing Date, such Bank shall pay to the Administrative Agent on demand an amount equal to the product of (i) the daily average Federal Funds Effective Rate (as defined in the definition of
“ABR”) during such period as quoted by the Administrative Agent, (ii) the amount of such Bank’s Commitment Percentage of such borrowing, and (iii) a fraction the numerator of which is the number of days that elapse from and
including such Borrowing Date to the date on which such Bank’s Commitment Percentage of such borrowing shall have become immediately available to the Administrative Agent and the denominator of which is 360. A certificate of the Administrative
Agent submitted to any Bank with respect to any amounts owing under this subsection shall be conclusive in the absence of manifest error. If such Bank’s Commitment Percentage of such borrowing is not in fact made available to the Administrative
Agent by such Bank within three Business Days of such Borrowing 

  

 31 








 
Date, the Administrative Agent shall be entitled to recover such amount with interest thereon at the rate per annum applicable to ABR Loans hereunder, on
demand, from the Company. 
  
 (d) Unless the
Administrative Agent shall have been notified in writing by the Company, prior to the date on which any payment is due from the Company hereunder (which notice shall be effective upon receipt) that the Company does not intend to make such payment,
the Administrative Agent may assume that the Company has made such payment when due, and the Administrative Agent may in reliance upon such assumption (but shall not be required to) make available to each Bank on such payment date an amount equal to
the portion of such assumed payment to which such Bank is entitled hereunder, and if the Company has not in fact made such payment to the Administrative Agent, such Bank shall, on demand, repay to the Administrative Agent the amount made available
to such Bank. If such amount is repaid to the Administrative Agent on a date after the date such amount was made available to such Bank, such Bank shall pay to the Administrative Agent on demand interest on such amount in respect of each day from
the date such amount was made available by the Administrative Agent to such Bank to the date such amount is recovered by the Administrative Agent at a per annum rate equal to the Federal Funds Effective Rate. A certificate of the Administrative
Agent submitted to the Company with respect to any amount owing under this subsection shall be conclusive in the absence of manifest error. 
  
 2.13 Illegality. 
  
 (a) Notwithstanding any other provision herein, if any change in any Requirement of Law or in the interpretation or application thereof
shall make it unlawful for any Bank to make or maintain Eurodollar Loans as contemplated by this Agreement, (i) the commitment of such Bank hereunder to make Eurodollar Loans, continue Eurodollar Loans as such and convert Domestic Dollar Loans
to Eurodollar Loans shall forthwith be cancelled and (ii) such Bank’s Loans then outstanding as Eurodollar Loans, if any, shall be converted automatically to ABR Loans or Fixed Rate Bid Loans denominated in Dollars based upon the ABR on
the respective last days of the then current Interest Periods with respect to such Loans or within such earlier period as required by law. If any such conversion of a Eurodollar Loan occurs on a day which is not the last day of the then current
Interest Period with respect thereto, the Company shall pay to such Bank such amounts, if any, as may be required pursuant to subsection 2.16. 
  
 (b) Notwithstanding any other provision herein, if there shall have 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 which would make it unlawful or impossible for any Bank to make Loans denominated in any Foreign Currency to the Company, as
contemplated by this Agreement, (i) the commitment of such Bank hereunder to make Foreign Currency Loans shall forthwith be cancelled and (ii) such Bank’s Loans then outstanding as Foreign Currency Loans, if any, shall be converted
automatically to ABR Loans denominated in Dollars. If any conversion of a Foreign Currency Loan occurs on a day which is not the 

  

 32 








 
last day of the then current Interest Period with respect thereto, the Company shall pay to such Bank such amounts, if any, as may be required pursuant to
subsection 2.16. 
  
 2.14 Requirements of Law.

  
 (a) In the event that Eurodollar Reserve
Percentage or any change in any Requirement of Law or in the interpretation or application thereof or compliance by any Bank with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority
made subsequent to the date hereof: 
  
 (i) shall
subject any Bank to any tax of any kind whatsoever with respect to this Agreement, any Note, any Letter of Credit or any application related thereto, or any Eurodollar Loan made by it, or change the basis of taxation of payments to such Bank in
respect thereof (except for taxes covered by subsection 2.15 and changes in franchise taxes or the rate of tax on the overall net income of such Bank); 
  
 (ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by,
deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Bank which is not otherwise included in the determination of the Eurodollar Rate or
the interest rate applicable to any Bid Loan hereunder; or 
  
 (iii) shall impose on such Bank any other condition; 
  
 and the result of any of the foregoing is to increase the cost to such Bank, by an amount which such Bank deems to be material, of making, converting into, continuing or maintaining Eurodollar Loans or Bid Loans or
the Letters of Credit (or the Participation Interests therein), or to reduce any amount receivable hereunder in respect thereof then, in any such case, the Company shall promptly pay such Bank, upon its demand, any additional amounts necessary to
compensate such Bank for such increased cost or reduced amount receivable. If any Bank becomes entitled to claim any additional amounts pursuant to this subsection, it shall promptly notify the Company, through the Administrative Agent, of the event
by reason of which it has become so entitled. A certificate as to any additional amounts payable pursuant to this subsection submitted by such Bank, through the Administrative Agent, to the Company in good faith and setting forth in reasonable
detail the calculation of such amounts shall be conclusive in the absence of manifest error. This covenant shall survive the termination of this Agreement and the payment of the Notes and all other amounts payable hereunder until the second
anniversary of such payment and termination. 
  
 (b) In the event that any Bank or corporation controlling such Bank shall have determined that any change in any Requirement of Law regarding capital adequacy or in the interpretation or application thereof or compliance by such Bank or
such corporation with any request or directive regarding capital adequacy (whether or not having the force 

  

 33 








 
of law) from any Governmental Authority made subsequent to the date hereof does or shall have the effect of reducing the rate of return on such Bank’s
capital as a consequence of its obligations hereunder to a level below that which such Bank could have achieved but for such change or compliance (taking into consideration such Bank’s policies with respect to capital adequacy) by an amount
deemed by such Bank to be material, then from time to time, after submission by such Bank in good faith to the Company (with a copy to the Administrative Agent) of a written request therefor setting forth in reasonable detail the calculation of such
amount (which request shall be conclusive in the absence of manifest error), the Company shall pay to such Bank such additional amount or amounts as will compensate such Bank for such reduction. This covenant shall survive the termination of this
Agreement and the payment of the Notes and all other amounts payable hereunder until the second anniversary of such payment and termination. 
  
 2.15 Taxes. 
  
 (a) Subject to subsection 2.15(b) or 9.6(g), as appropriate, all payments made by the Company under this Agreement and the Notes
shall be made free and clear of, and without deduction or withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied,
collected, withheld or assessed by any Governmental Authority, excluding, in the case of the Administrative Agent and each Bank, net income taxes and franchise taxes (imposed in lieu of net income taxes) imposed on the Administrative Agent or such
Bank, as the case may be, as a result of a present or former connection between the jurisdiction of the government or taxing authority imposing such tax and the Administrative Agent or such Bank (excluding a connection arising solely from the
Administrative Agent or such Bank having executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement or the Notes) or any political subdivision or taxing authority thereof or therein (all such
non-excluded taxes, levies, imposts, duties, charges, fees, deductions and withholdings being hereinafter called “Taxes”). If any Taxes are required to be withheld from any amounts payable to the Administrative Agent or any Bank hereunder
or under the Notes, the amounts so payable to the Administrative Agent or such Bank (so long as such Bank is in compliance with subsection 2.15(b) or 9.6(g), as appropriate and if applicable) shall be increased to the extent necessary to yield
to the Administrative Agent or such Bank (after payment of all Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement and the Notes. Whenever any Taxes are payable by the Company, as
promptly as possible thereafter the Company shall send to the Administrative Agent for its own account or for the account of such Bank, as the case may be, a certified copy of an original official receipt received by the Company showing payment
thereof. If the Company fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or other required documentary evidence, the Company shall indemnify the Administrative
Agent and the Banks for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Bank as a result of any such failure. The 

  

 34 








 
agreements in this subsection shall survive the termination of this Agreement and the payment of the Notes and all other amounts payable hereunder.

  
 (b) Each Bank party to this Agreement on the
Closing Date that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) agrees that, on or prior to the Closing Date, it will deliver to the Company and the Administrative Agent (i) two duly
completed copies of United States Internal Revenue Service Form W-8BEN or W-8ECI or successor applicable form, as the case may be or (ii) in the case of such a Bank claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Code, (x) a certificate to the effect that such Bank is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Company within
the meaning of 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) two duly completed copies of United States Internal Revenue Service
Form W-8BEN, in each case certifying such Bank’s entitlement to a complete exemption from United States withholding tax with respect to interest payments to be made under this Agreement and under any Note. Each such Bank also agrees
to deliver to the Company and the Administrative Agent two further copies of such forms, or successor applicable forms or other manner of certification, as the case may be, on or before the date that any such form expires or becomes obsolete or
after the occurrence of any event requiring a change in the most recent form previously delivered by it to the Company, and such extensions or renewals thereof as may reasonably be requested by the Company or the Administrative Agent, unless in any
such case an event (including, without limitation, any change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or which would prevent such
Bank from duly completing and delivering any such form with respect to it and such Bank so advises the Company and the Administrative Agent. Each Bank party to this Agreement on the Closing Date that is a United States person (as such term is
defined in Section 7701(a)(30) of the Code) agrees that, on or prior to the Closing Date, it will deliver to the Company and the Administrative Agent two duly completed copies of United States Internal Revenue Service Form W-9, certifying that
it is not subject to United States backup withholding tax. 
  
 2.16 Indemnity. The Company agrees to indemnify each Bank and to hold each Bank harmless from any loss or expense which such Bank may sustain or incur as a consequence of (a) default by the Company in payment when due of the
principal amount of or interest on any Eurodollar Loan or Bid Loan, (b) default by the Company in making a borrowing or conversion after the Company has given (or is deemed to have given) a notice in accordance with subsection 2.18 (so
long as the Company shall have accepted a Bid Loan offered in connection with any such notice), (c) default by the Company in making a borrowing of, conversion into or continuation of Eurodollar Loans after the Company has given a notice
requesting the same in accordance with the provisions of this Agreement, (d) default by the Company in making any prepayment of Eurodollar Loans after the Company has given a notice thereof in accordance with the provisions of this Agreement or
(e) the making of a prepayment or conversion, or the purchase pursuant to subsection 2.17, of Eurodollar Loans or Fixed Rate Bid Loans on a day which is not the last day of an Interest Period with respect thereto, including, without
limitation, 

  

 35 








 
in each case, any such loss (other than non-receipt of the Applicable Margin or, without duplication, anticipated profits) or expense arising from the
reemployment of funds obtained by it or from fees payable to terminate the deposits from which such funds were obtained (it being understood that any such calculation will be made on notional amounts as the Banks are not required to show that they
matched deposits specifically). A certificate as to any additional amounts payable pursuant to this subsection submitted by such Bank, through the Administrative Agent, to the Company in good faith shall be conclusive in the absence of manifest
error. This covenant shall survive the termination of this Agreement and the payment of the Notes and all other amounts payable hereunder. 
  
 2.17 Action of Affected Banks. Each Bank agrees to use reasonable efforts (including reasonable efforts to change the booking office for its Loans)
to avoid or minimize any illegality pursuant to subsection 2.13 or any amounts which might otherwise be payable pursuant to subsection 2.14(a) or 2.15; provided, however, that such efforts shall not cause the imposition on such Bank of any
additional costs or legal or regulatory burdens deemed by such Bank to be material and shall not be deemed by such Bank to be otherwise contrary to its policies. In the event that such reasonable efforts are insufficient to avoid all such illegality
or all amounts that might be payable pursuant to subsection 2.14(a) or 2.15, then such Bank (the “Affected Bank”) shall use its reasonable efforts to transfer to any other Bank (which itself is not then an Affected Bank) its Loans and
Commitment subject to the provisions of subsection 9.6(c); provided, however, that such transfer shall not be deemed by such Affected Bank, in its sole discretion, to be disadvantageous to it or contrary to its policies. In the event that the
Affected Bank is unable, or otherwise is unwilling, so to transfer its Loans and Commitment, the Company may designate an alternate lender (reasonably acceptable to the Administrative Agent) to purchase the Affected Bank’s Loans and Commitment,
at par and including accrued interest, and, subject to the provisions of subsection 9.6(c), the Affected Bank shall transfer its Commitment to such alternate lender and such alternate lender shall become a Bank hereunder. Any fee payable to the
Administrative Agent pursuant to subsection 9.6(e) in connection with such transfer shall be for the account of the Company. 
  
 2.18 Bid Loans. 
  
 (a) The Company may request one or more Banks to make offers to make Bid Loans denominated in Dollars from time to time on any Business
Day during the period from the Closing Date until the date seven days prior to the Termination Date in the manner set forth in this subsection 2.18, provided that the aggregate principal Dollar Amount (determined as of the most recent
Revaluation Date) of all Revolving Credit Loans, Swing Line Loans, LOC Obligations and Bid Loans outstanding at any one time shall not exceed the aggregate amount of the Commitments at such time. Each Bank may, but shall have no obligation to, make
such offers, and the Company may, but shall have no obligation to, accept any such offers in the manner set forth herein. 
  
 (b) (i) The Company may request Bid Loans by delivering a Bid Loan Request to the Administrative Agent, not later than
10:00 A.M. (New York City time) four Business Days prior to the proposed Borrowing Date (in the case of a LIBOR Bid Loan Request), and not later than 3:00 p.m. (New York City time) 

  

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one Business Day prior to the proposed Borrowing Date (in the case of a Fixed Rate Bid Loan Request). Each Bid Loan Request shall solicit Bid Quotes for Bid
Loans in an aggregate principal Dollar Amount (determined as of the most recent Revaluation Date) of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and for not more than four alternative maturity dates for such Bid Loans, none of
which shall be earlier than seven days from the respective requested Borrowing Date or later than the earlier of (A) the date (1) 180 days from the respective requested Borrowing Date in the case of a Fixed Rate Bid Loan Request and
(2) 6 months from the respective requested Borrowing Date in the case of a LIBOR Bid Loan Request and (B) the Termination Date. Bid Loan Requests may be submitted no more frequently than once during any period of three successive Business
Days. The Administrative Agent shall promptly notify each Bank by facsimile transmission of the contents of each Bid Loan Request received by it. 
  
 (ii) In the case of a LIBOR Bid Loan Request, upon receipt of notice from the Administrative Agent of the contents of such Bid Loan
Request, any Bank that elects, in its sole discretion, to do so, may irrevocably offer to make one or more Bid Loans at the Eurodollar Rate plus or minus a margin for each such Bid Loan determined by such Bank in its sole discretion. Any such
irrevocable offer shall be made by delivering a Bid Quote to the Administrative Agent, before 10:00 A.M. (New York City time) three Business Days before the proposed Borrowing Date, setting forth the maximum amount of Bid Loans for each
maturity date which such Bank would be willing to make (which amount may, subject to subsection 2.1(a), exceed such Bank’s Commitment) and the margin above or below the Eurodollar Rate at which such Bank is willing to make each such Bid
Loan; the Administrative Agent shall advise the Company before 10:30 A.M. (New York City time) three Business Days before the proposed Borrowing Date, of the contents of each such Bid Quote received by it. If the Administrative Agent in its
capacity as a Bank shall, in its sole discretion, elect to make any such offer, it shall advise the Company of the contents of its Bid Quote before 9:45 A.M. (New York City time) three Business Days before the proposed Borrowing Date.

  
 (iii) In the case of a Fixed Rate Bid Loan
Request, upon receipt of notice from the Administrative Agent of the contents of such Bid Loan Request, any Bank that elects, in its sole discretion, to do so, may irrevocably offer to make one or more Bid Loans at a rate or rates of interest for
each such Bid Loan determined by such Bank in its sole discretion. Any such irrevocable offer shall be made by delivering a Bid Quote to the Administrative Agent, before 9:30 A.M. (New York City time) on the proposed Borrowing Date, setting
forth the maximum amount of Bid Loans for each maturity date which such Bank would be willing to make (which amount may, subject to subsection 2.1(a), exceed such Bank’s Commitment) and the rate or rates of interest therefor; the
Administrative Agent shall advise the Company before 10:00 A.M. (New York City time) on the proposed Borrowing Date of the contents of each such Bid Quote received by it. 

  

 37 








 
If the Administrative Agent in its capacity as a Bank shall, in its sole discretion, elect to make any such offer, it shall advise the Company of the
contents of its Bid Quote before 9:15 A.M. (New York City time) on the proposed Borrowing Date. 
  
 (iv) The Company shall before 11:30 A.M. (New York City time) three Business Days before the proposed Borrowing Date in the case of a
LIBOR Bid Loan Request and before 10:30 A.M. (New York City time) on the proposed Borrowing Date in the case of a Fixed Rate Bid Loan Request either, in its absolute discretion: 
  
 (A) cancel such Bid Loan Request by giving the Administrative Agent telephone notice to that effect, or

  
 (B) accept one or more of the offers made by
any Bank or Banks pursuant to clause (ii) or clause (iii) above, as the case may be, by giving telephone notice (immediately confirmed by execution and facsimile transmission of a Bid Loan Confirmation) to the Administrative Agent of the
amount of Bid Loans to be made by each Bank (which amount shall be equal to or less than the maximum amount requested to be made, but in no event less than $5,000,000 and in integral multiples of $1,000,000 in excess thereof, notified to the Company
by the Administrative Agent on behalf of such Bank for such Bid Loans pursuant to clause (ii) or clause (iii) above, as the case may be), provided that the Company may not accept offers for Bid Loans in an aggregate principal amount in
excess of the maximum principal amount requested in the related Bid Loan Request. 
  
 (v) If the Company notifies the Administrative Agent that a Bid Loan Request is cancelled pursuant to clause (iv)(A) above, the
Administrative Agent shall give prompt telephone notice thereof to the Banks, and the Bid Loans requested thereby shall not be made. 
  
 (vi) If the Company accepts one or more of the offers made by any Bank or Banks pursuant to clause (iv)(B) above, the Administrative
Agent shall as promptly as practicable following receipt of the Company’s acceptance, three Business Days before the proposed Borrowing Date in the case of a LIBOR Bid Loan Request and on the proposed Borrowing Date in the case of a Fixed Rate
Bid Loan Request, notify each Bank which has made such an offer, of the aggregate amount of such Bid Loans to be made on such Borrowing Date for each maturity date and of the acceptance of any offers for each maturity date to make such Bid Loans
made by such Bank. Each Bank which is to make a Bid Loan shall, before 12:00 noon (New York City time) on the Borrowing Date specified in the Bid Loan Request applicable thereto, make available to the Administrative Agent at its office set
forth in subsection 9.2 the amount of such Bank’s Bid Loans, in immediately available funds. The Administrative Agent will make such 

  

 38 








 
funds available to the Company as soon as practicable on such date at the Administrative Agent’s aforesaid address. 
  
 (vii) Each Bid Loan shall be evidenced by a promissory note
of the Company, substantially in the form of Exhibit E, with appropriate insertions (a “Bid Note”), payable to the order of the applicable Bank and representing the obligation of the Company to pay the unpaid principal amount of all
Bid Loans made by such Bank, and to pay interest thereon as prescribed in subsection 2.18(e). Each such Bank is hereby authorized to record the date and amount of each Bid Loan made by such Bank, the maturity date thereof, the date and amount
of each payment of principal thereof and the interest rate with respect thereto on the schedule annexed to and constituting part of its Bid Note or in the books and records of such Bank in such manner as is reasonable and customary, and any such
recordation shall constitute prima facie evidence of the accuracy of the information so recorded, provided that the failure to make any such recordation shall not affect the obligations of the Company hereunder or under any Bid Note. Each Bid Note
shall be dated the Closing Date and each Bid Loan evidenced thereby shall bear interest for the period from and including the Borrowing Date thereof on the unpaid principal amount thereof from time to time outstanding at the applicable rate per
annum determined as provided in, and such interest shall be payable as specified in, subsection 2.18(e). 
  
 (c) Within the limits and on the conditions set forth in this subsection 2.18, the Company may from time to time borrow under this
subsection 2.18, repay pursuant to paragraph (d) below, and reborrow under this subsection 2.18. 
  
 (d) The Company shall repay to the Administrative Agent for the account of each Bank which has made a Bid Loan on the maturity date of
each Bid Loan (such maturity date being that specified by the Company for repayment of such Bid Loan in the related Bid Loan Request) the then unpaid principal amount of such Bid Loan. The Company shall not have the right to prepay any principal
amount of any Bid Loan without the prior written consent of the applicable Bank then making such Bid Loan. 
  
 (e) The Company shall pay interest on the unpaid principal amount of each Bid Loan from the date of such Bid Loan to the stated maturity
date thereof, at the rate of interest for such Bid Loan determined pursuant to paragraph (b) above (calculated on the basis of a 360 day year for actual days elapsed), payable on the Interest Payment Date specified by the Company for such
Bid Loan in the related Bid Loan Request as provided in the Bid Note evidencing such Bid Loan. 
  
 2.19 Swing Line Commitments. 
  
 (a) Subject to the terms and conditions hereof and provided no Default or Event of Default shall have occurred and be continuing, the Swing Line Bank hereby agrees to make swing line loans to the Company
(individually, a “Committed Swing Line Loan”; collectively the “Committed Swing Line Loans”; or the “Swing Line Loans”) 

  

 39 








 
from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the Swing Line Commitment; provided
that the aggregate unpaid principal amount of all Swing Line Loans, together with the aggregate unpaid principal amount of all Revolving Credit Loans, LOC Obligations and all Bid Loans at any one time outstanding, may not exceed the aggregate amount
of the Commitments. Amounts borrowed by the Company under this subsection 2.19 may be repaid and, through but excluding the Termination Date, reborrowed. All Committed Swing Line Loans shall be made as ABR Loans and may not be converted into
Eurodollar Loans. Each borrowing of Swing Line Loans shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof. The Company shall give the Administrative Agent (which shall promptly notify the Swing Line Bank)
irrevocable notice (which notice must be received by the Administrative Agent prior to 2:00 P.M., New York City time) on the requested Borrowing Date specifying the amount of the requested Committed Swing Line Loan to be made by the Swing Line
Bank. The proceeds of each Committed Swing Line Loan shall be made available by the Swing Line Bank to the Administrative Agent for the account of the Company at the applicable office of the Administrative Agent specified prior to 4:30 p.m. on
the requested Borrowing Date. 
  
 (b) The Swing
Line Loans made by the Swing Line Bank to the Company shall be evidenced by a promissory note of the Company substantially in the form of Exhibit I, with appropriate insertions (the “Swing Line Note”), payable to the order of the
Swing Line Bank and representing the obligation of the Company to pay the unpaid principal amount of the Swing Line Loans made to the Company, with interest thereon as prescribed in subsection 2.9. The Swing Line Bank is hereby authorized to
record the Borrowing Date, the amount of each Swing Line Loan made to the Company and the date and amount of each payment or prepayment of principal thereof, on the schedule annexed to and constituting a part of its Swing Line Note (or any
continuation thereof) and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded. Each Swing Line Note shall (a) be dated the Closing Date, (b) be stated to mature on the Termination Date
and (c) bear interest for the period from the date thereof to the Termination Date on the unpaid principal amount thereof from time to time outstanding at the applicable interest rate per annum determined as provided in, and payable as
specified in, subsection 2.9. 
  
 (c) In the
event that the Company has not notified the Administrative Agent of its intent to repay the Swing Line Loans made on any Borrowing Date by 12:00 noon New York City time on the Business Day immediately following such Borrowing Date and has not
in fact repaid such Swing Line Loans (including accrued interest thereon) in full by such time, the Company shall be deemed to have made an irrevocable request to the Administrative Agent under subsection 2.3 (which for purposes of this
subsection shall be deemed to be timely and sufficient) for a borrowing on such date of Revolving Credit Loans that are ABR Loans in an aggregate amount equal to the then unpaid aggregate principal amount of such Swing Line Loans made to the
Company. The proceeds of such Revolving Credit Loans shall be immediately applied to repay such Swing Line Loans. 
  

 40 








 (d) In the event that for any reason whatsoever (including, without limitation, the
occurrence of an event specified in paragraph (g) of subsection 7 with respect to the Company), the procedures set forth in the foregoing paragraph (c) are not followed, each Bank shall, upon notice from the Administrative Agent,
promptly purchase from the Swing Line Bank participations in (or, if and to the extent specified by the Swing Line Bank, a direct interest in) the Swing Line Loans made by the Swing Line Bank (collectively, the “Unrefunded Swing Line
Loans”) in an aggregate amount equal to the amount of the Revolving Credit Loan it would have been obligated to make pursuant to the procedures set forth in the foregoing paragraph (c). 
  
 (e) Each Bank shall, not later than 4:00 P.M. New York
City time on the Business Day on which such notice is received (if such notice is received by 2:15 P.M. New York City time) or 9:00 A.M. New York City time on the next succeeding Business Day (if such notice is received after
2:15 P.M. New York City time), make available the amount of the Revolving Credit Loan to be made by it (or the amount of the participations or direct interests to be purchased by it, as the case may be) to the Administrative Agent at the
applicable office of the Administrative Agent specified in subsection 9.2 and the amount so received by the Administrative Agent shall promptly be made available to the Swing Line Bank by remitting the same, in immediately available funds, to
the Swing Line Bank, in accordance with the provisions of paragraph (g) below. 
  
 (f) Whenever, at any time after the Swing Line Bank has received from any Bank such Bank’s participating interest in an Unrefunded
Swing Line Loan pursuant to paragraph (d) above, the Swing Line Bank receives any payment on account thereof, the Swing Line Bank will distribute to such Bank its participating interest in such amount (appropriately adjusted in the case of
interest payments, to reflect the period of time during which such Bank’s participating interest was outstanding and funded); provided, however, that in the event that such payment received by the Swing Line Bank is required to be returned,
such Bank will return to the Swing Line Bank any portion thereof previously distributed by the Swing Line Bank to it. 
  
 (g) All payments (including prepayments) to be made by the Company hereunder and under the Swing Line Notes, whether on account of
principal, interest, fees or otherwise, shall be made without set off, counterclaim or any other deduction whatsoever and shall be made prior to 1:00 P.M., New York City time, on the due date thereof to the Administrative Agent, for the account
of the Swing Line Bank, at the Administrative Agent’s office specified in subsection 9.2, in Dollars and in immediately available funds, and upon receipt by the Administrative Agent of any payment made by the Company in accordance with the
terms of this Agreement and the Swing Line Notes, the Company shall have satisfied its payment obligation with respect to the obligation on account of which such payment was made. Any such payment made at or after 1:00 P.M. New York City time,
on any day shall be deemed made on the following Business Day. The Administrative Agent shall distribute such payments to the Swing Line Bank promptly upon receipt in like funds as received. If any payment hereunder becomes due and payable on a day
other than a Business Day, such payment shall be extended to the 

  

 41 








 
next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such
extension. 
  
 (h) Anything in this Agreement to
the contrary notwithstanding (including, without limitation, in subsection 4.2), the obligation of each Bank to make its Revolving Credit Loan (or purchase its participation or direct interest in such Swing Line Loan, as the case may be) pursuant to
this subsection 2.19 is unconditional under any and all circumstances whatsoever and shall not be subject to set-off, counterclaim or defense to payment that such Bank may have or have had against the Company, the Administrative Agent, the Swing
Line Bank or any other Bank and, without limiting any of the foregoing, shall be unconditional irrespective of (i) occurrence of any Default, (ii) the financial condition of the Company, any Affiliate, the Administrative Agent, the Swing
Line Bank or any other Bank or (iii) the termination or cancellation of the Commitments. The Company agrees that any Bank so purchasing a participation (or direct interest) in such Swing Line Loan may exercise all rights of set-off,
bankers’ lien, counter claim or similar rights with respect to such participation as fully as if such Bank were a direct holder of a Swing Line Loan in the amount of such participation . 
  
 (i) Notwithstanding any of the provisions set forth herein,
if the Swing Line Bank is notified by the Administrative Agent that an Event of Default has occurred and is continuing, the Swing Line Bank shall not be permitted to make any Swing Line Loans hereunder. 
  
 2.20 Increase of Commitments. 
  
 (a) At the request of the Company to the Administrative
Agent, the aggregate Commitments hereunder may be increased after the Closing Date on one or more occasions by not more than $500,000,000 provided that (i) each such increase is in a minimum amount of $50,000,000 and $10,000,000 increments in
excess thereof, (ii) the sum of the aggregate Commitments hereunder shall not exceed $2,000,000,000 after giving effect to such increases, (iii) each Bank whose Commitment is increased consents, (iv) the consent of the Administrative
Agent is obtained, (v) no Default or Event of Default shall have occurred and be continuing and (vi) if, after giving effect to such increase, the sum of the aggregate Commitments hereunder shall exceed $1,500,000,000, the approval of the
Board of Directors of the Company, or a properly empowered committee of such Board, shall be obtained. 
  
 (b) In the event that the Company and one or more of the Banks (or other financial institutions which may elect to participate with the
consent of the Administrative Agent) shall agree, in accordance with Section 2.20(a), upon such an increase in the aggregate Commitments, the Company, the Administrative Agent and each financial institution in question shall enter into a
Commitment Increase Supplement (a form of which is attached hereto as Exhibit J) setting forth the amounts of the increase in Commitments and providing that the additional financial institutions participating shall be deemed to be included as Banks
for all purposes of this Agreement. Upon the execution and delivery of such Commitment Increase Supplement as provided above, and 

  

 42 








 
upon satisfaction of such other conditions as the Administrative Agent may specify (including the delivery of certificates and legal opinions on behalf of
the Company relating to the amendment and new Notes), this Agreement shall be deemed to be amended accordingly. 
  
 (c) No Bank shall have any obligation to increase its Commitment in the event of such a request by the Company hereunder. 
  
 2.21 Payment in Full at Maturity. The Company shall pay to the
Administrative Agent, for the account of each Bank, the entire outstanding principal amount owing under the Agreement or under any Notes, together with accrued but unpaid interest and all other sums owing under the Agreement, on the Termination Date
unless accelerated sooner pursuant to Section 7. 
  
 2.22
Letter of Credit Subfacility. 
  
 (a)
Issuance. Subject to the terms and conditions hereof and of the LOC Documents, if any, and any other terms and conditions which the Issuing Lenders may reasonably require, during the Commitment Period the Issuing Lenders shall issue, and the
Banks shall participate in, Letters of Credit for the account of the Company from time to time upon request in a form acceptable to the applicable Issuing Lender; provided, however, that (i) the aggregate amount of LOC Obligations
shall not at any time exceed TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000) (the “LOC Committed Amount”), (ii) the Dollar Amount (determined as of the most recent Revaluation Date) of outstanding Revolving
Credit Loans plus outstanding Swing Line Loans plus outstanding Bid Loans plus outstanding LOC Obligations shall not exceed the aggregate amount of the Commitments at such time, (iii) Letters of Credit shall be issued for
lawful corporate purposes and may be issued as standby letters of credit and (iv) all Letters of Credit shall be denominated in Dollars. Except as otherwise expressly agreed upon by all the Banks, no Letter of Credit shall have an original
expiry date more than twelve (12) months from the date of issuance; provided, however, so long as no Default or Event of Default has occurred and is continuing and subject to the other terms and conditions to the issuance of
Letters of Credit hereunder, the expiry dates of Letters of Credit may be extended annually or periodically from time to time on the request of the Company or by operation of the terms of the applicable Letter of Credit to a date not more than
twelve (12) months from the date of extension; provided, further, that no Letter of Credit, as originally issued or as extended, shall have an expiry date extending beyond the date that is thirty (30) days prior to the
Termination Date. Each Letter of Credit shall comply with the related LOC Documents. The issuance and expiry date of each Letter of Credit shall be a Business Day. Any Letters of Credit issued hereunder shall be in a minimum original face amount of
$100,000. 
  
 (b) Notice and Reports. The
request for the issuance of a Letter of Credit shall be submitted to the applicable Issuing Lender at least five (5) Business Days prior to the requested date of issuance. Each Issuing Lender will promptly, upon the issuance, amendment or
expiration of any Letter of Credit, or upon request, provide to the 

  

 43 








 
Administrative Agent for dissemination to the Banks a detailed report specifying the Letters of Credit which are then issued and outstanding and any activity
with respect thereto which may have occurred since the date of any prior report, and including therein, among other things, the account party, the beneficiary, the face amount, expiry date as well as any payments or expirations which may have
occurred. Each Issuing Lender will further provide to the Administrative Agent promptly upon request copies of the Letters of Credit. Each Issuing Lender will provide to the Administrative Agent promptly upon request a summary report of the nature
and extent of LOC Obligations then outstanding. 
  
 (c) Participations. Each Bank, upon issuance of a Letter of Credit, shall be deemed to have purchased without recourse a risk participation from the applicable Issuing Lender in such Letter of Credit and the obligations arising
thereunder and any collateral relating thereto, in each case in an amount equal to its Commitment Percentage of the obligations under such Letter of Credit and shall absolutely, unconditionally and irrevocably assume, as primary obligor and not as
surety, and be obligated to pay to the applicable Issuing Lender therefor and discharge when due, its Commitment Percentage of the obligations arising under such Letter of Credit. Without limiting the scope and nature of each Bank’s
participation in any Letter of Credit, to the extent that an Issuing Lender has not been reimbursed as required hereunder or under any LOC Document, each such Bank shall pay to such Issuing Lender its Commitment Percentage of such unreimbursed
drawing in same day funds on the day of notification by such Issuing Lender of an unreimbursed drawing pursuant to and in accordance with the provisions of subsection (d) hereof if such notice is received at or before 2:00 P.M. (New York
City time), otherwise such payment shall be made at or before 12:00 Noon (New York City time) on the Business Day next succeeding the day such notice is received. The obligation of each Bank to so reimburse the Issuing Lenders shall be absolute
and unconditional and shall not be affected by the occurrence of a Default, an Event of Default or any other occurrence or event. Any such reimbursement shall not relieve or otherwise impair the obligation of the Company to reimburse the Issuing
Lenders under any Letter of Credit, together with interest as hereinafter provided. 
  
 (d) Reimbursement. In the event of any drawing under any Letter of Credit, the applicable Issuing Lender will promptly notify the
Company and the Administrative Agent. The Company shall reimburse the applicable Issuing Lender on the day of drawing under any Letter of Credit (with the proceeds of a Revolving Credit Loan obtained hereunder or otherwise) in same day funds as
provided herein or in the LOC Documents. If the Company shall fail to reimburse such Issuing Lender as provided herein, the unreimbursed amount of such drawing shall bear interest at a per annum rate equal to the ABR plus two percent (2%) for
so long as such amount shall be unreimbursed. Unless the Company shall immediately notify the applicable Issuing Lender and the Administrative Agent of its intent to otherwise reimburse such Issuing Lender, the Company shall be deemed to have
requested a LOC Mandatory Borrowing in the amount of the drawing as provided in subsection (e) hereof, the proceeds of which will be used to satisfy the reimbursement obligations. The Company’s reimbursement obligations hereunder shall be
absolute and unconditional under all circumstances irrespective of any rights of set-off, counterclaim or defense to payment the Company 

  

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may claim or have against any Issuing Lender, the Administrative Agent, the Banks, the beneficiary of the Letter of Credit drawn upon or any other Person,
including without limitation any defense based on any failure of the Company to receive consideration or the legality, validity, regularity or unenforceability of the Letter of Credit. Each Issuing Lender will promptly notify the other Banks of the
amount of any unreimbursed drawing and each Bank shall promptly pay to the Administrative Agent for the account of the applicable Issuing Lender in Dollars and in immediately available funds, the amount of such Bank’s Commitment Percentage of
such unreimbursed drawing. Such payment shall be made on the day such notice is received by such Bank from such Issuing Lender if such notice is received at or before 2:00 P.M. (New York City time), otherwise such payment shall be made at or
before 12:00 Noon (New York City time) on the Business Day next succeeding the day such notice is received. If such Bank does not pay such amount to the applicable Issuing Lender in full upon such request, such Bank shall, on demand, pay to the
Administrative Agent for the account of the applicable Issuing Lender interest on the unpaid amount during the period from the date of such drawing until such Bank pays such amount to such Issuing Lender in full at a rate per annum equal to, if paid
within two (2) Business Days of the date of drawing, the Federal Funds Effective Rate and thereafter at a rate equal to the ABR. Each Bank’s obligation to make such payment to the Issuing Lenders, and the right of each Issuing Lender to
receive the same, shall be absolute and unconditional, shall not be affected by any circumstance whatsoever and without regard to the termination of this Agreement or the Commitments hereunder, the existence of a Default or Event of Default or the
acceleration of the Obligations hereunder and shall be made without any offset, abatement, withholding or reduction whatsoever. 
  
 (e) Repayment with Revolving Credit Loans. On any day on which the Company shall have requested, or been deemed to have requested,
a Revolving Credit Loan to reimburse a drawing under a Letter of Credit, the Administrative Agent shall give notice to the Banks that a Revolving Credit Loan has been requested or deemed requested in connection with a drawing under a Letter of
Credit, in which case a Revolving Credit Loan borrowing comprised entirely of ABR Loans (each such borrowing, a “LOC Mandatory Borrowing”) shall be immediately made (without giving effect to any termination of the Commitments
pursuant to Section 7) pro rata based on each Bank’s respective Commitment Percentage (determined before giving effect to any termination of the Commitments pursuant to Section 7). The proceeds of such LOC Mandatory
Borrowing shall be paid directly to the applicable Issuing Lender for application to the respective LOC Obligations. Each Bank hereby irrevocably agrees to make such Revolving Credit Loans immediately upon any such request or deemed request on
account of each LOC Mandatory Borrowing in the amount and in the manner specified in the preceding sentence and on the same such date notwithstanding (i) the amount of LOC Mandatory Borrowing may not comply with the minimum amount for
borrowings of Revolving Credit Loans otherwise required hereunder, (ii) whether any conditions specified in Section 4.2 are then satisfied, (iii) whether a Default or an Event of Default then exists, (iv) failure for any such
request or deemed request for Revolving Credit Loan to be made by the time otherwise required in Section 2.3, (v) the date of such LOC Mandatory Borrowing, or (vi) any reduction in the aggregate amount of the 

  

 45 








 
Commitments after any such Letter of Credit may have been drawn upon; provided, however, that in the event any such LOC Mandatory Borrowing
should be less than the minimum amount for borrowings of Revolving Credit Loans otherwise provided in Section 2.3, the Company shall pay to the Administrative Agent for its own account an administrative fee of $500. In the event that any LOC
Mandatory Borrowing cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a proceeding under the Bankruptcy Code), then each such Bank hereby agrees that it shall
forthwith fund (as of the date the LOC Mandatory Borrowing would otherwise have occurred, but adjusted for any payments received from the Company on or after such date and prior to such purchase) its Participation Interests in the outstanding LOC
Obligations; provided, further, that in the event any Bank shall fail to fund its Participation Interest on the day the LOC Mandatory Borrowing would otherwise have occurred, then the amount of such Bank’s unfunded Participation
Interest therein shall bear interest payable by such Bank to the applicable Issuing Lender upon demand, at the rate equal to, if paid within two (2) Business Days of such date, the Federal Funds Effective Rate, and thereafter at a rate equal to
the ABR. 
  
 (f) Modification, Extension.
The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder. 
  
 (g) Letter of Credit Governing Law. Unless otherwise
expressly agreed by the applicable Issuing Lender and the Company when a Letter of Credit is issued, the rules of “International Standby Practices 1998,” as most recently published by the Institute of International Banking Law &
Practice at the time of issuance, shall apply to each standby Letter of Credit. 
  
 2.23 Indemnification; Nature of Issuing Lender’s Duties. 
  
 (a) In addition to its other obligations under Section 2.22, the Company hereby agrees to protect, indemnify, pay and save each
Issuing Lender harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys’ fees) that any Issuing Lender may incur or be subject to as a consequence, direct
or indirect, of (i) the issuance of any Letter of Credit on behalf such Company or (ii) the failure of an Issuing Lender to honor a drawing under a Letter of Credit issued on behalf of the Company as a result of any act or omission,
whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority (all such acts or omissions, herein called “Government Acts”). 
  
 (b) As between the Company and the Issuing Lenders, the
Company shall assume all risks of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. No Issuing Lender shall be responsible: (i) for the form, validity, sufficiency, accuracy, genuineness or legal effect of any
document submitted by any party in connection with the application for and issuance of any Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) for the
validity or sufficiency of any instrument transferring or 

  

 46 








 
assigning or purporting to transfer or assign any Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, that may
prove to be invalid or ineffective for any reason; (iii) for failure of the beneficiary of a Letter of Credit to comply fully with conditions required in order to draw upon a Letter of Credit; (iv) for errors, omissions, interruptions or
delays in transmission or delivery of any messages, by mail, cable, telegraph, telex or otherwise, whether or not they be in cipher; (v) for errors in interpretation of technical terms; (vi) for any loss or delay in the transmission or
otherwise of any document required in order to make a drawing under a Letter of Credit or of the proceeds thereof; and (vii) for any consequences arising from causes beyond the control of the applicable Issuing Lender, including, without
limitation, any Government Acts. None of the above shall affect, impair, or prevent the vesting of the Issuing Lenders’ rights or powers hereunder. 
  
 (c) In furtherance and extension and not in limitation of the specific provisions hereinabove set forth, any action taken or omitted by an
Issuing Lender, under or in connection with any Letter of Credit or the related certificates, if taken or omitted in the absence of gross negligence or willful misconduct, shall not put such Issuing Lender under any resulting liability to the
Company. It is the intention of the parties that this Agreement shall be construed and applied to protect and indemnify the Issuing Lenders against any and all risks involved in the issuance of the Letters of Credit, all of which risks are hereby
assumed by the Company, including, without limitation, any and all risks of the acts or omissions, whether rightful or wrongful, of any Government Authority. No Issuing Lender shall, in any way, be liable for any failure by an Issuing Lender or
anyone else to pay any drawing under any Letter of Credit as a result of any Government Acts or any other cause beyond the control of such Issuing Lender. 
  
 (d) Except as provided in subsection (e) below, nothing in this Section 2.23 is intended to limit the Reimbursement Obligation
of the Company contained in Section 2.22(d) hereof. The obligations of the Company under this Section 2.23 shall survive the termination of this Agreement. No act or omissions of any current or prior beneficiary of a Letter of Credit shall
in any way affect or impair the rights of the Issuing Lenders to enforce any right, power or benefit under this Agreement. 
  
 (e) Notwithstanding anything to the contrary contained in this Section 2.20 the Company shall have no obligation to indemnify an
Issuing Lender in respect of any liability incurred by such Issuing Lenders arising out of the gross negligence or willful misconduct of such Issuing Lender (including action not taken by such Issuing Lender), as determined by a court of competent
jurisdiction. 
  

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 SECTION 3 
  

REPRESENTATIONS AND WARRANTIES 
  
 To induce the Banks to enter into this Agreement and to make the Loans the Company hereby represents and warrants to the Administrative Agent and each
Bank as of the Closing Date and as of the date of each Loan that: 
  
 3.1 Financial Condition. The (a) consolidated balance sheets of the Company and its Subsidiaries as at December 31, 2003 and December 31, 2004 and the related consolidated statements of income, stockholder’s
equity and cash flows for the fiscal year ended on each such date, reported on by Ernst & Young LLP and (b) the unaudited consolidated balance sheets of the Company and its Subsidiaries as at March 31, 2005 and June 30, 2005
and the related consolidated statements of income, stockholder’s equity and cash flows for the fiscal quarter ended on each such date, copies of which have heretofore been furnished to each Bank, are complete and correct and present fairly the
consolidated financial condition of the Company and its Subsidiaries as at such dates, and the consolidated results of their operations and their consolidated cash flows for the fiscal year then ended. All such financial statements, including the
related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except as approved by such accountants and as disclosed therein). Neither the Company nor any of its Subsidiaries
had, at the date of the most recent balance sheet referred to above, any guarantee obligation, contingent liability or liability for taxes, or any long-term lease or unusual forward or long-term commitment, including, without limitation, any
interest rate or foreign currency swap or exchange transaction, which is not reflected in the foregoing statements or in the notes thereto and which, to the best of the Company’s knowledge, would have a Material Adverse Effect. 
  
 3.2 No Change. Except as disclosed in the Company’s annual
financial statements for its fiscal year ended December 31, 2004, during the period from December 31, 2004 to and including the Closing Date, no change, or development or event involving a prospective change, has occurred which has had or
could reasonably be expected to have a Material Adverse Effect; provided, however that the foregoing representation is made solely as of the Closing Date. 
  
 3.3 Corporate Existence; Compliance with Law. Each of the Company and its Significant Subsidiaries (a) is duly organized, validly existing and
in good standing under the laws of the jurisdiction of its organization, except to the extent that, in the aggregate, the failure of any such Subsidiaries to be duly organized, validly existing or in good standing would not have a Material Adverse
Effect, (b) has the corporate (or other) power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, except to the extent
that, in the aggregate, the failure of any such Subsidiaries to have any such power, authority or legal right would not have a Material Adverse Effect, (c) is duly qualified and in good standing under the laws of each jurisdiction where its
ownership, lease or operation of property or the conduct of its business requires such qualification except to the extent that, in the aggregate, the failure of the Company and its Subsidiaries to so qualify or be in good standing would not have a
Material Adverse Effect, and (d) is in compliance with all Requirements of Law except to the extent that, in the aggregate, the failure of the Company and its Subsidiaries to comply therewith would not have a Material Adverse Effect.

  
 3.4 Corporate Power; Authorization; Enforceable
Obligations. The Company has the corporate power and authority, and the legal right, to make, deliver and perform this Agreement and the Notes and to borrow hereunder and has taken all necessary corporate action to authorize the borrowings on
the terms and conditions of this Agreement and the Notes and to 

  

 48 








 
authorize the execution, delivery and performance of this Agreement and the Notes. No consent or authorization of, filing with or other act by or in respect
of, any Governmental Authority or any other Person is required in connection with the borrowings hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or the Notes. This Agreement has been, and each
Note will be, duly executed and delivered on behalf of the Company. This Agreement constitutes, and each Note when executed and delivered will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in
accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law). 
  
 3.5 No Legal Bar. The execution, delivery and performance of this Agreement and the Notes, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law or Contractual Obligation of the Company
or of any of its Subsidiaries and will not result in, or require, the creation or imposition of any Lien on any of its or their respective properties or revenues pursuant to any such Requirement of Law or Contractual Obligation. 
  
 3.6 No Material Litigation. Except as listed on Schedule 3.6, no
litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Company, threatened by or against the Company or any of its Subsidiaries or against any of its or their respective
properties or revenues which would have a Material Adverse Effect or a material adverse effect on the validity or enforceability of this Agreement or any of the Notes or the rights or remedies of the Administrative Agent or the Banks hereunder or
thereunder. 
  
 3.7 No Default. No Default or Event of
Default has occurred and is continuing. 
  
 3.8 Taxes. Each
of the Company and its Significant Subsidiaries has filed or caused to be filed all tax returns which, to the knowledge of the Company, are required to be filed and has paid all material taxes shown to be due and payable on said returns or on any
assessments made against it or any of its property and all material other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than any the amount or validity of which are currently being contested
in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of the Company or its Subsidiaries, as the case may be); on the Closing Date, no tax Lien has been filed, and, to the
knowledge of the Company, no claim is being asserted, with respect to any such tax, fee or other charge. 
  
 3.9 Federal Regulations. No part of the proceeds of any Loans or Letters of Credit will be used for “purchasing” or “carrying”
any “margin stock” within the respective meanings of each of the quoted terms under Regulation U or Regulation X of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect if such use would
violate, or cause the Loans or the Commitments to be in violation of, the provisions of the Regulations of such Board of Governors. If requested by any Bank or the Administrative Agent 

  

 49 








 
at any time (and in any case prior to or concurrently with the borrowing of any Loan the proceeds of which will be used to purchase or carry margin stock),
the Company will furnish to the Administrative Agent and each Bank a statement to the foregoing effect in conformity with the requirements of FR Form U-1 referred to in said Regulation U. 
  
 3.10 ERISA. Except to the extent that all of the following, in the aggregate, would not have a Material Adverse
Effect: (i) no Reportable Event has occurred during the five-year period prior to the date on which this representation is made or deemed made with respect to any Plan, and each Plan has complied in all material respects with the applicable
provisions of ERISA and the Code; (ii) the present value of all accrued benefits under each Single Employer Plan maintained by the Company or any Commonly Controlled Entity (based on those assumptions used to fund the Plans) did not, as of the
last annual valuation date prior to the date on which this representation is made or deemed made, exceed the value of the assets of such Plan allocable to such accrued benefits; (iii) neither the Company nor any Commonly Controlled Entity has
or has had any liability or obligation in respect of any Multiemployer Plan; and (iv) the present value (determined using actuarial and other assumptions which are reasonable in respect of the benefits provided and the employees participating)
of the liability of the Company and each Commonly Controlled Entity for post retirement benefits, if any, to be provided to their current and former employees under Plans which are welfare benefit plans (as defined in Section 3(1) of ERISA)
does not, in the aggregate, exceed the assets under all such Plans allocable to such benefits, if any. 
  
 3.11 Investment Company Act; Other Regulations. Neither the Company nor any of its Subsidiaries is subject to registration as an “investment
company” or is “controlled” by such a company, within the meaning of the Investment Company Act of 1940, as amended. 
  
 3.12 Purpose of Loans. The proceeds of the Loans and Letters of Credit shall be used by the Company (a) to refinance the Existing Credit
Agreement, (b) to provide financing for the working capital needs of the Company, (c) to provide back-up and liquidity for the commercial paper of the Company and (d) to provide funds for general corporate purposes. 
  
 3.13 Disclosure. On the Closing Date, neither this Agreement, the
Notes, nor the Information Materials, taken as a whole, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained herein or therein, in light of the circumstances in which
they were made, not materially misleading. 
  
 3.14
Ranking. The Loans shall remain at least pari passu with all other senior unsecured obligations of the Company. 
  
 3.15 Compliance with OFAC, FCPA. Company is in material compliance with all applicable United States economic and trade sanctions, including those
administered by the Office of Foreign Asset Control within the United States Department of the Treasury, and the United States Foreign Corrupt Practices Act. 
  

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 SECTION 4 
  

CONDITIONS PRECEDENT 
  
 4.1 Conditions to Effectiveness. The agreements of each Bank contained herein are subject to the satisfaction of the following conditions
precedent: 
  
 (a) Loan Documents. The
Administrative Agent shall have received (i) this Agreement, executed and delivered by a duly authorized officer of the Company, with a counterpart for each Bank, and (ii) for the account of each Bank, a Note conforming to the requirements
hereof and executed by a duly authorized officer of the Company. 
  
 (b) Corporate Proceedings of the Company. The Administrative Agent shall have received, with a counterpart for each Bank, a copy of the resolutions, in form and substance satisfactory to the Administrative Agent, of
the Board of Directors of the Company authorizing (i) the execution, delivery and performance of this Agreement and the Notes and (ii) the borrowings contemplated hereunder, certified by the Secretary or an Assistant Secretary of the
Company as of the Closing Date, which certificate shall state that the resolutions thereby certified have not been amended, modified, revoked or rescinded and are in full force and effect and shall be in form and substance satisfactory to the
Administrative Agent. 
  
 (c) Corporate
Documents. The Administrative Agent shall have received, with a counterpart for each Bank, true and complete copies of the certificate of incorporation and by-laws of the Company, certified as of the Closing Date as complete and correct copies
thereof by the Secretary or an Assistant Secretary of the Company. 
  
 (d) No Violation. The consummation of the transactions contemplated hereby shall not contravene, violate or conflict with, nor involve the Administrative Agent or any Bank in any violation of, any Requirement of Law.

  
 (e) Fees. The Administrative Agent shall have
received the fees to be received on the Closing Date referred to in subsection 2.4. 
  
 (f) Legal Opinion. The Administrative Agent shall have received, with a counterpart for each Bank, the executed legal opinion of counsel
of the Company, substantially in the form of Exhibit C, and the Company hereby instructs its counsel to execute and deliver such opinion to the Administrative Agent, with a counterpart for each Bank. Such legal opinion shall cover such other matters
incident to the transactions contemplated by this Agreement as the Administrative Agent may reasonably require. 
  
 (g) Existing Credit Agreement. The Administrative Agent shall have received evidence satisfactory to it that the commitments under the
Existing Credit Agreement shall have been terminated and all amounts outstanding thereunder have been repaid. 
  

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 (h) Account Designation Letter. The Administrative Agent shall have received the executed
Account Designation Letter in the form of Exhibit K hereto. 
  
 (i) Litigation. Except as listed on Schedule 3.6 hereto, there shall exist no pending or threatened litigation, bankruptcy or insolvency, injunction, order or claim which could have a material adverse effect on this
Agreement or the Company and its Subsidiaries taken as a whole. 
  
 (j) Consents and Approvals. All consents and approvals of the boards of directors, shareholders and other applicable third parties necessary in connection with this Agreement shall have been obtained. 
  
 (k) Material Adverse Change. No material adverse change
shall have occurred since December 31, 2004 in the business, assets, liabilities, condition (financial or otherwise) or prospects of the Company and its Subsidiaries taken as a whole. 
  
 (l) Financial Statements. The Administrative Agent shall
have received copies of the financial statements referred to in Section 3.1 hereof, each in form and substance satisfactory to it. 
  
 (m) Patriot Act Certificate. The Administrative Agent shall have received a certificate satisfactory thereto, for benefit of itself and
the Banks, provided by the Company that sets forth information required by the Patriot Act including, without limitation, the identity of the Company, the name and address of the Company and other information that will allow the Administrative Agent
or any Bank, as applicable, to identify such Company in accordance with the Patriot Act (as defined in Section 9.9 hereof). 
  
 (n) Additional Documents. The Administrative Agent shall have received each additional document, instrument or item of information
reasonably requested by it, including, without limitation, a copy of any debt instrument, security agreement or other material contract to which the Company may be a party. 
  
 (o) Additional Matters. All corporate and other proceedings, and all documents, instruments and other legal
matters in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Administrative Agent, and the Administrative Agent shall have received such other documents and legal opinions in respect
of any aspect or consequence of the transactions contemplated hereby or thereby as it shall reasonably request. 
  
 4.2 Conditions to Each Loan. The agreement of each Bank to make any Loan (other than the conversion or continuation of any Loan pursuant to
subsection 2.7) requested to be made by it on any date (including, without limitation, its initial Loan) and the agreement of the Issuing Lenders to issue Letters of Credit is subject to the satisfaction of the following conditions precedent:

  
 (a) Representations and Warranties. Each of
the representations and warranties made by the Company in this Agreement shall be true and correct in all material respects on and as of such date as if made on and as of such date, both before and after giving effect to the making of such Loans or
the issuance of such Letter of Credit. 
  

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 (b) No Default. No Default or Event of Default shall have occurred and be continuing on
such date or after giving effect to the Loans requested to be made on such date. 
  
 (c) Borrowing Certificate. In the case of Revolving Credit Loans, the Administrative Agent shall have received, on or prior to the time
required for its receipt pursuant to subsection 2.3, a Borrowing Certificate with respect to the Loans requested to be made on such date. 
  
 (d) Bid Loan Confirmation. With respect to any Bid Loan, a Bid Loan Confirmation shall have been delivered in accordance with subsection
2.18(b)(iv). Each borrowing by the Company hereunder shall constitute a representation and warranty by the Company as of the date of such Loan that the conditions contained in subsection 4.2(a) and (b) have been satisfied. 
  
 (e) Bid Note. With respect to any Bid Loan, the Company
shall have delivered a Bid Note to the Bank providing such Bid Loan. 
  
 SECTION 5 
  
 AFFIRMATIVE COVENANTS

  
 The Company hereby agrees that, so long as the Commitments
remain in effect, any Note remains outstanding and unpaid or any other amount is owing to any Bank or the Administrative Agent hereunder, the Company shall: 
  
 5.1 Financial Statements. Furnish to each Bank: 
  
 (a) as soon as available, but in any event no later than the earlier of (i) the date that is five days after the Company is required
by the SEC to deliver its Form 10-K for any fiscal year of the Company and (ii) 95 days after the end of each fiscal year of the Company, a copy of the consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of
such year and the related consolidated statements of income and retained earnings and of cash flows for such year, setting forth in each case in comparative form the figures for the previous year, reported on without a “going concern” or
like qualification or exception, or qualification arising out of the scope of the audit, by Ernst & Young LLP or other independent certified public accountants of nationally recognized standing not unacceptable to the Majority Banks (it
being understood that (A) any of the following accounting firms: Deloitte & Touche, Ernst & 

  

 53 








 
Young LLP, KPMG and PricewaterhouseCoopers shall not be unacceptable to the Banks and (B) in filing the Company’s Annual Report on Form 10-K with
the Securities and Exchange Commission, the Company shall satisfy the requirements of this subsection); and 
  
 (b) as soon as available, but in any event not later than the earlier of (i) the date that is five days after the Company is required
by the SEC to deliver its Form 10-Q for each of the first three quarterly periods of each fiscal year of the Company and (ii) 50 days after the end of each of the first three quarterly periods of each fiscal year of the Company, the unaudited
consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of income and retained earnings and of cash flows of the Company and its consolidated
Subsidiaries for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures for the previous year, certified by a Responsible Officer as being fairly stated in all
material respects (subject to normal year-end audit adjustments). In filing the Company’s Quarterly Report on Form 10-Q with the Securities and Exchange Commission, the Company shall satisfy the requirements of this subsection; 
  
 all such financial statements shall be complete and correct in all material respects and
shall be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such accountants or officer, as the case may be, and disclosed therein
with a reasonable estimate of the effect on such financial statements on account of such changes in application). 
  
 5.2 Certificates; Other Information. Furnish to each Bank: 
  
 (a) concurrently with the delivery of the financial statements referred to in subsection 5.1(a), a
certificate of the independent certified public accountants reporting on such financial statements stating that in making the examination necessary therefor no knowledge was obtained of any Default or Event of Default, except as specified in such
certificate; 
  
 (b) concurrently with the
delivery of the financial statements referred to in subsections 5.1(a) and 5.1(b), a certificate of a Responsible Officer stating that such Officer has obtained no knowledge of any Default or Event of Default that has occurred and is continuing
except as specified in such certificate; 
  
 (c)
promptly upon receipt thereof, copies of the executive summary portion of any final auditor’s letter or auditor’s report submitted to the Company’s board of directors or any committee thereof relating to internal financial controls of
the Company or any Subsidiary; and 
  
 (d)
promptly, such additional financial and other information as any Bank may from time to time reasonably request. 
  

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 5.3 Conduct of Business and Maintenance of Existence. Continue to engage in business of
substantially the same general type as now conducted by it, taken as a whole, and preserve, renew and keep in full force and effect its corporate existence and take such reasonable action to maintain all rights, privileges and franchises necessary
or desirable in the normal conduct of its business except as otherwise permitted pursuant to subsection 6.4; comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith would not, in the
aggregate, have a material adverse effect on the ability of the Company to perform its obligations under this Agreement or the Notes. 
  
 5.4 Inspection of Property; Books, Records and Discussions. 
  
 (a) Keep proper books of records and account in which full, true and correct entries in conformity with GAAP
and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities. 
  
 (b) Permit representatives of the Administrative Agent and the Banks (other than Excluded Individuals of the Administrative Agent and the
Banks) which are not Competitors to visit and inspect at their own expense (unless a Default or Event of Default has occurred and is continuing, in which case at the Company’s expense) any of its properties and examine and make abstracts from
any of its books and records at any reasonable time upon reasonable prior notice to the Company and as often as may reasonably be desired and to discuss the business, operations, properties and financial and other condition of the Company and its
Subsidiaries with officers and employees of the Company and its Subsidiaries and with its independent certified public accountants, provided that the Company and its Subsidiaries shall have no obligation to provide access to information which is the
subject of a confidentiality agreement between the Company or any of its Subsidiaries, on the one hand, and a customer of the Company or of any of its Subsidiaries, on the other hand. The Administrative Agent shall endeavor to coordinate such visits
by the Banks in order to minimize inconvenience to the Company, and so long as no Event of Default shall be continuing, such visits shall occur not more frequently than once per fiscal quarter. 
  
 5.5 Notices. Promptly give notice to the Administrative Agent and each
Bank of: 
  
 (a) the occurrence of any Default or
Event of Default; 
  
 (b) the occurrence of a
Change of Control; 
  
 (c) any litigation,
investigation or proceeding which would have a Material Adverse Effect; 
  
 (d) the following events, as soon as possible and in any event within 30 days after the Company knows or has reason to know thereof: (i) the occurrence or expected occurrence of any Reportable Event with respect
to any Plan, the commencement of any obligation to contribute to any Multiemployer Plan by the Company or any Commonly Controlled Entity, or any withdrawal from, or the termination, Reorganization or 

  

 55 








 
Insolvency of any Multiemployer Plan or (ii) the institution of proceedings or the taking of any other action by the PBGC or the Company or any Commonly
Controlled Entity or any Multiemployer Plan with respect to the withdrawal from, or the terminating, Reorganization or Insolvency of, any Plan; and 
  
 (e) the use of the proceeds of any Loans for “purchasing” or “carrying” any “margin stock” within the
respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. Each notice pursuant to this subsection shall be accompanied by a statement
of a Responsible Officer setting forth details of the occurrence referred to therein and stating what action the Company proposes to take with respect thereto. 
  

SECTION 6 
  
 NEGATIVE COVENANTS 
  
 The Company hereby agrees that, so long as the Commitments remain in effect, any Note remains outstanding and unpaid or any other amount is owing to any Bank or the Administrative Agent hereunder, the Company shall
not: 
  
 6.1 Limitation on Significant Subsidiary
Indebtedness. Permit any of its Significant Subsidiaries, directly or indirectly, to create, incur, assume or suffer to exist any Indebtedness (which for purposes of this subsection 6.1 shall include, without duplication, Guarantee Obligations)
unless immediately thereafter the aggregate amount of all Indebtedness of Significant Subsidiaries (excluding Indebtedness owed to the Company or a Significant Subsidiary, including any renewal or replacement thereof) and the discounted present
value of all net rentals payable under leases covered by subsection 6.3 (and not expressly excluded therefrom) would not exceed 20% of Consolidated Net Worth; provided, however, that, solely, for the purposes of this covenant, Indebtedness shall not
include indebtedness incurred in connection with (x) overdraft or similar facilities related to settlement, clearing and related activities by a Significant Subsidiary in the ordinary course of business consistent with past practice to the
extent that such indebtedness remains outstanding for a period not to exceed 72 hours or (y) Purchased Receivables Financings; and provided, further, that any Indebtedness of a Person (i) existing at the time such Person becomes a
Significant Subsidiary or is merged with or into the Company or a Significant Subsidiary or other entity or (ii) assumed by the Company or a Subsidiary in connection with the acquisition of all or a portion of the business of such Person, shall
not be deemed to be Indebtedness created, incurred, assumed or guaranteed by a Significant Subsidiary or otherwise deemed to be Indebtedness of a Significant Subsidiary for the purposes of this covenant. 
  

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 6.2 Limitation on Liens. Directly or indirectly, create, incur, assume or suffer to exist, or
permit any of its Significant Subsidiaries to create, incur, assume or suffer to exist, any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, except for: 
  
 (a) any Lien on any property now owned or hereafter acquired
or constructed by the Company or a Subsidiary, or on which property so owned, acquired or constructed is located, which Lien (i) in the case of any property so acquired, existed on such property at the time of acquisition thereby by the Company
or such Subsidiary or (ii) secures or provides for the payment of any part of the purchase or construction price or cost of improvements of such property and was created prior to, contemporaneously with or within 360 days after, such purchase,
construction or improvement (and any replacements or refinancings for such Liens); provided, that (i) if a firm commitment from a bank, insurance company or other lender or investor (not including the Company, a Subsidiary or an Affiliate of
the Company) for the financing of the acquisition or construction of property is made prior to, contemporaneously with or within the 360-day period hereinabove referred to, the applicable Lien shall be deemed to be permitted by this paragraph
(a) whether or not created or assumed within such period, and (ii) each such Lien is not spread to cover any additional property and the amount of Indebtedness secured thereby is not increased; 
  
 (b) Liens for taxes not yet delinquent or which are being
contested in good faith by appropriate proceedings diligently conducted and adequate reserves with respect thereto are maintained on the books of the Company or its Subsidiaries, as the case may be, in conformity with GAAP; 
  
 (c) carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business; 
  
 (d) Liens of landlords or of mortgagees of landlords arising by operation of law; 
  
 (e) pledges, deposits or other Liens in connection with
workers’ compensation, unemployment insurance, other social security benefits or other insurance related obligations (including, without limitation, pledges or deposits securing liability to insurance carriers under insurance or self-insurance
arrangements) and Liens on the proceeds of insurance policies created in connection with any of the foregoing; 
  
 (f) Liens arising by reason of any judgment, decree or order of any court or other Governmental Authority, if appropriate legal
proceedings which have been duly initiated for the review of such judgment, decree or order, are being diligently prosecuted and have not been finally terminated or the period within which such proceedings may be initiated shall not have expired;

  
 (g) deposits to secure the performance of
bids, trade contracts (other than for borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds, judgment and like bonds, replevin and similar bonds and other obligations of a like nature incurred in the ordinary
course of business; 
  
 (h) zoning restrictions,
easements, rights-of-way, restrictions on the use of property, other similar encumbrances incurred in the ordinary course of business and 

  

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minor irregularities of title, which do not materially interfere with the ordinary conduct of the business of the Company and its Subsidiaries taken as a
whole; 
  
 (i) Liens on Purchased Receivables and
related assets granted in connection with one or more Purchased Receivables Financings; and 
  
 (j) any Lien not otherwise permitted under this subsection 6.2, provided that the aggregate amount of indebtedness secured by all such
Liens, together with the aggregate sale price of property involved in sale and leaseback transactions not otherwise permitted under subsection 6.3, does not exceed the greater of $100,000,000 or 15% of Consolidated Net Worth. 
  
 6.3 Limitation on Sales and Leasebacks. Sell or transfer, or permit
any Subsidiary to sell or transfer, (except to the Company or one or more of its wholly-owned Subsidiaries, or both) any Principal Facility owned by it on the date of this Agreement with the intention of taking back a lease of such property, other
than a lease relating to computer hardware with lease terms of four years or less, unless either: 
  
 (a) the sum of the aggregate sale price of property involved in sale and leaseback transactions not otherwise permitted under this
subsection plus the aggregate amount of indebtedness secured by all mortgages, pledges, liens and encumbrances not otherwise permitted except under subsection 6.2(j) does not exceed the greater of $100,000,000 or 10% of Consolidated Net Worth; or

  
 (b) the Company within 120 days after the
sale or transfer shall have been made by the Company or by any such Subsidiary applies an amount equal to the greater of (i) the net proceeds of the sale of the Principal Facility sold and leased back pursuant to such arrangement or
(ii) the fair market value of the Principal Facility sold and leased back at the time of entering into such arrangement (which may be conclusively determined by the Board of Directors of the Company) to the retirement of Funded Debt of the
Company; provided, that the amount required to be applied to the retirement of Funded Debt of the Company pursuant to this clause (b) shall be reduced by the principal amount of any Funded Debt of the Company voluntarily retired by the Company
within 120 days after such sale, whether or not any such retirement of Funded Debt shall be specified as being made pursuant to this clause (b). Notwithstanding the foregoing, no retirement referred to in this clause (b) may be effected by
payment at maturity or pursuant to any mandatory sinking fund payment or any mandatory prepayment provision. 
  
 6.4 Limitations on Fundamental Changes. Directly or indirectly, sell, assign, lease, transfer or other wise dispose of all or substantially all of
its assets or consolidate with or merge into any Person or permit any Person to merge into it, provided that the Company may enter into a consolidation or merger with any Person if (i) the survivor formed by or resulting from such consolidation
or merger is the Company and (ii) at the time of such consolidation or merger and immediately after giving effect thereto no Default or Event of Default shall have occurred and be continuing. 
  

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 6.5 Limitations on Restrictions on Dividends. Permit any Significant Subsidiary exclusively
organized under the laws of the United States of America or any state thereof to enter into any arrangement with any Person which in any way prohibits, limits the amount of or otherwise impairs the declaration or distribution by such Subsidiary of
dividends on its Capital Stock if such arrangement, together with all other similar arrangements, could reasonably be expected to have a Material Adverse Effect. 
  
 SECTION 7 
  
 EVENTS OF DEFAULT 
  
 If any of the following events shall occur and be continuing: 
  
 (a) The Company shall fail to pay any principal of any Note when due in accordance with the terms thereof or hereof; or the Company shall
fail to reimburse the Issuing Lenders for any LOC Obligations when due in accordance with the terms hereof; or the Company shall fail to pay any interest on any Note, or any other amount payable hereunder, within three Business Days after any such
interest or other amount becomes due in accordance with the terms thereof or hereof; or 
  
 (b) Any representation or warranty made, or deemed made pursuant to subsection 4.2, by the Company herein or which is contained in any
certificate, document or financial or other statement furnished at any time under or in connection with this Agreement shall prove to have been incorrect in any material respect on or as of the date made or deemed made or furnished; or 

 
 (c) The Company shall default in the observance or
performance of any agreement contained in subsection 5.4(b), 5.5(a) or 5.5(b) or Section 6; or 
  
 (d) A Change of Control shall occur; or 
  
 (e) The Company shall default in the observance or performance of any other agreement contained in this Agreement (other than as provided
in paragraphs (a) through (d) of this Section), and such default shall continue unremedied for a period of 30 days after the earlier of written notification to the Company by the Administrative Agent or any Bank or after any Responsible
Officer becomes aware or, with reasonable diligence, would become aware of such default; or 
  
 (f) The Company or any of its Significant Subsidiaries shall (i) default in any payment of principal of or interest on any
Indebtedness (other than the Notes) or in the payment of any Guarantee Obligation, beyond the period of grace (not to exceed 30 days), if any, provided in the instrument or agreement under which such Indebtedness or Guarantee Obligation was created,
and such default shall be continuing; or (ii) default in the observance or performance of any other agreement or condition relating to any such 

  

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Indebtedness or Guarantee Obligation or contained in any instrument or agreement evidencing, securing or relating thereto, and such default shall be
continuing, or any other event shall occur or condition exist and be continuing, the effect of which default or other event or condition is to cause, such Indebtedness to become due or required to be purchased, redeemed or otherwise defeased prior
to its stated maturity or such Guarantee Obligation to become payable, provided that the aggregate principal amount of any such Indebtedness and Guarantee Obligations outstanding at such time, when aggregated with the outstanding principal amount of
all other such Indebtedness and Guarantee Obligations in respect of which the Company or any Significant Subsidiary shall have so defaulted or an event shall have occurred or a condition exists as described above, aggregates $25,000,000 or more; or

  
 (g) (i) The Company or any of its
Significant Subsidiaries shall commence any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have
an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its
debts, or (B) seeking appointment of a receiver, trustee, custodian or other similar official for it or for all or any substantial part of its assets, or the Company or any of its Significant Subsidiaries shall make a general assignment for the
benefit of its creditors; or (ii) there shall be commenced against the Company or any of its Significant Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above which (A) results in the entry of
an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against the Company or any of its Significant Subsidiaries any
case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have
been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) the Company or any of its Significant Subsidiaries shall take any action in furtherance of, or indicating its consent to, approval of,
or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) the Company or any of its Significant Subsidiaries shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its
debts as they become due; or 
  
 (h) (i) Any
Person shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 302 of
ERISA), whether or not waived, shall exist with respect to any Plan, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to
terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Majority Banks, likely to result in the termination of such Plan for purposes of Title IV of
ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v) the Company or any Commonly Controlled Entity 

  

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shall, or in the reasonable opinion of the Majority Banks is likely to, incur any liability in connection with a withdrawal from, or the Insolvency or
Reorganization of, a Multiemployer Plan or (vi) any other event or condition shall occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events
or conditions, if any, would have a material adverse effect on the ability of the Company to perform its obligations under this Agreement or the Notes; or 
  
 (i) The rendering against the Company or any Significant Subsidiary of one or more final nonappealable judgments, decrees or orders for
the payment of money which, either singly or in the aggregate with all other monies in respect of which a final nonappealable judgment, decree or order for payment shall have been rendered against the Company or any Significant Subsidiary,
aggregates $25,000,000 or more, and the continuance of such judgments, decrees or orders unsatisfied and in effect for any period of 30 consecutive days or, in the case of a foreign judgment, decree or order the enforcement of which is not being
sought in the United States, 60 consecutive days without a stay of execution; 
  
 then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (g) above with respect to the Company, automatically the Commitments and Swing
Line Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement (including without limitation the maximum amount of all contingent liabilities under Letters of
Credit) and the Notes shall immediately become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) with the consent of the Majority Banks, the Administrative Agent
may, or upon the request of the Majority Banks, the Administrative Agent shall, by notice to the Company declare the Commitments and Swing Line Commitments to be terminated forthwith, whereupon the Commitments and Swing Line Commitments shall
immediately terminate; and (ii) with the consent of the Majority Banks, the Administrative Agent may, or upon the request of the Majority Banks, the Administrative Agent shall, by notice of default to the Company, (Y) declare the Loans
hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the Notes to be due and payable forthwith, whereupon the same shall immediately become due and payable and (Z) direct the Company to pay to the
Administrative Agent cash collateral as security for the LOC Obligations for subsequent drawings under then outstanding Letters of Credit in an amount equal to the maximum amount that may be drawn under Letters of Credit then outstanding, whereupon
the same shall immediately become due and payable. Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived. 
  

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 SECTION 8 
  

THE ADMINISTRATIVE AGENT 
  
 8.1 Appointment. Each Bank hereby irrevocably designates and appoints Wachovia as the Administrative Agent of such Bank under this Agreement and
the Notes and each Bank irrevocably authorizes Wachovia, as the Administrative Agent for such Bank, to take such action on its behalf under the provisions of this Agreement and the Notes and to exercise such powers and perform such duties as are
expressly delegated to the Administrative Agent by the terms of this Agreement and the Notes, together with such other powers as are reasonably incidental thereto. Each Bank acknowledges that the Company may rely on each action taken by the
Administrative Agent on behalf of the Banks hereunder. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any
fiduciary relationship with any Bank, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or the Notes or otherwise exist against the Administrative Agent. 
  
 8.2 Delegation of Duties. The Administrative Agent may execute any of
its duties under this Agreement and the Notes by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence
or misconduct of any agents or attorneys in-fact selected by it with reasonable care. Without limiting the foregoing, the Administrative Agent may appoint one of its affiliates as its agent to perform the functions of the Administrative Agent
hereunder relating to the advancing of funds to the Company and distribution of funds to the Banks and to perform such other related functions of the Administrative Agent hereunder as are reasonably incidental to such functions. 
  
 8.3 Exculpatory Provisions. Neither the Administrative Agent nor any
of its officers, directors, employees, agents, attorneys-in-fact or Affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or the Notes (except for its
or such Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to any of the Banks for any recitals, statements, representations or warranties made by the Company or any officer thereof contained in this
Agreement or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or for the value, validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement (except for the Administrative Agent’s due execution and delivery) or the Notes or for any failure of the Company to perform its obligations hereunder or thereunder. The Administrative Agent shall
not be under any obligation to any Bank to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or the Notes or to inspect the properties, books or records of the
Company. 
  
 8.4 Reliance by Administrative Agent.

  
 (a) The Administrative Agent shall be
entitled to rely, and shall be fully protected in relying, upon any Note, writing, resolution, notice, consent, certificate, 

  

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affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine
and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Company), independent accountants and other experts selected by the
Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent.
The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or the Notes unless it shall first receive such advice or concurrence of the Majority Banks as it deems appropriate or it shall first be
indemnified to its satisfaction by the Banks against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting,
or in refraining from acting, under this Agreement and the Notes in accordance with a request of the Majority Banks (or such other number of Banks as is expressly required hereby), and such request and any action taken or failure to act pursuant
thereto shall be binding upon all the Banks and all future holders of the Notes. 
  
 (b) For purposes of determining compliance with the conditions specified in Section 4.1, each Bank that has signed this Agreement
shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Bank. 
  
 8.5 Notice of Default. The Administrative Agent shall not be deemed to
have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent has received notice from a Bank or the Company referring to this Agreement, describing such Default or Event of Default and
stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof to the Banks. The Administrative Agent shall take such action
with respect to such Default or Event of Default as shall be reasonably directed by the Majority Banks; provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be
obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Banks. 
  
 8.6 Non-Reliance on Administrative Agent and Other Banks. Each Bank expressly acknowledges that neither the
Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including any review of the
affairs of the Company, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Bank. Each Bank represents to the Administrative Agent that it has, independently and without reliance upon the Administrative
Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Company
and made its own decision to make its Loans hereunder and enter into this Agreement. Each Bank also represents that it will, independently and without 

  

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reliance upon the Administrative Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to
make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the Notes, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and
other condition and creditworthiness of the Company. Except for notices, reports and other documents expressly required to be furnished to the Banks by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or
responsibility to provide any Bank with any credit or other information concerning the business, operations, property, condition (financial or otherwise) or creditworthiness of the Company which may come into the possession of the Administrative
Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 
  
 8.7 Indemnification. The Banks agree to indemnify each of the Administrative Agent, the Swing Line Bank and the Issuing Lenders in their capacity as such (to the extent not reimbursed by the Company and without
limiting the obligation of the Company to do so), ratably according to the respective amounts of their Commitments (or, if the Commitments have been terminated, ratably according to the respective amount of their outstanding Loans or, if no Loans
are outstanding, their Commitments as of the date of such termination) from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at
any time (including, without limitation, at any time following the payment of the Notes) be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of this Agreement, the Notes or any documents
contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent, the Swing Line Bank or the Issuing Lenders under or in connection with any of the
foregoing; provided that no Bank shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s,
Swing Line Bank’s or any Issuing Lender’s gross negligence or willful misconduct. The agreements in this subsection shall survive the payment of the Notes and all other amounts payable hereunder. 
  
 8.8 Administrative Agent in Its Individual Capacity. The
Administrative Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Company as though the Administrative Agent were not the Administrative Agent hereunder. With respect to its Loans
made or renewed by it and any Note issued to it, the Administrative Agent shall have the same rights and powers under this Agreement as any Bank or the Swing Line Bank and may exercise the same as though it were not the Administrative Agent, and the
terms “Bank” and “Banks” and “Swing Line Bank” shall include the Administrative Agent in its individual capacity. 
  
 8.9 Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 10 days’ notice to the Banks and the
Company, such resignation to become effective upon the appointment of a successor Administrative Agent as provided below. If the Administrative Agent shall resign as Administrative Agent under this Agreement, then the Majority Banks shall appoint
from among the Banks a successor agent for the Banks, which successor agent shall be approved by the Company if no Default or Event of Default has 

  

 64 








 
occurred and is continuing (such approval not to be unreasonably withheld), whereupon such successor agent shall succeed to the rights, powers and duties of
the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon its appointment, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated,
without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement or any holders of the Notes. After any retiring Administrative Agent’s resignation as Administrative Agent, the
provisions of this subsection shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. 
  
 8.10 Syndication Agent, etc. Neither the Syndication Agent, any Documentation Agent nor any Persons identified in
this Agreement as “Joint Lead Arrangers” or “Joint Book Runners” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Banks and the Swing Line Bank as
such. Without limiting the foregoing, none of such Banks or the Swing Line Bank shall have or be deemed to have a fiduciary relationship with any Bank or the Swing Line Bank. Each Bank and the Swing Line Bank hereby makes the same acknowledgments
with respect to Banks and the Swing Line Bank as it makes with respect to the Administrative Agent in Section 8.8. 
  
 SECTION 9 
  
 MISCELLANEOUS 
  
 9.1 Amendments and Waivers. None of this Agreement, any Note or any terms hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this subsection. With the written
consent of the Majority Banks, the Administrative Agent and the Company may, from time to time, enter into written amendments, supplements or modifications hereto and to the Notes for the purpose of changing any provisions of or adding any
provisions to this Agreement or the Notes or changing in any manner the rights of the Banks or of the Company hereunder or thereunder or waiving, on such terms and conditions as the Administrative Agent may specify in such instrument, any of the
requirements of this Agreement or the Notes or any Default or Event of Default and its consequences; provided, however, that (i) each Bank shall receive a form of any such waiver, amendment, supplement or modification prior to the execution
thereof by the Majority Banks or the Administrative Agent and (ii) no such waiver and no such amendment, supplement or modification shall (a) increase or extend the Commitment of any Bank, the maturity of any Note or any installment
thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce the amount or extend the time of payment of any fee payable to any Bank hereunder, or change the amount of any Bank’s Commitment or the Swing Line
Bank’s Swing Line Commitment, in each case without the consent of the Bank or the Swing Line Bank, as the case may be, affected thereby, or (b) amend, modify or waive any provision of this subsection or reduce the percentage specified in
the definition of Majority Banks, or consent to the assignment or transfer by the Company of any of its rights and obligations under this Agreement, or waive the conditions precedent to the making of any Loan set forth in subsection 4.2, in each
case without the written consent of all the Banks, (c) amend, modify or waive any provision of 

  

 65 








 
Section 8 without the written consent of the then Administrative Agent, (d) amend, modify or waive any provision of the Loan Documents affecting
the rights or duties of the Administrative Agent, the Issuing Lenders or the Swing Line Bank under any Loan Document without the written consent of the Administrative Agent, the Issuing Lenders and/or the Swing Line Bank, as applicable, in addition
to the Banks required hereinabove to take such action . Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Banks and shall be binding upon the Company, the Banks, the Administrative Agent and all
future holders of the Notes. In the case of any waiver, the Company, the Banks and the Administrative Agent shall be restored to their former position and rights hereunder and under the outstanding Notes, and any Default or Event of Default waived
shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 
  
 9.2 Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in
writing (including by telecopy,) and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand, or five days after being deposited in the mail, postage prepaid, or, in the case of telecopy
notice, when received, addressed as follows in the case of the Company and the Administrative Agent, and as set forth in Schedule 1.1 in the case of the other parties hereto, or to such other address as may be hereafter notified by the respective
parties hereto and any future holders of the Notes: 
  

			
	The Company:	  	First Data Corporation
	 	  	6200 South Quebec Street
	 	  	Greenwood Village, Colorado 80111
	 	  	Attention: Treasurer
	 	  	Telecopy: (303) 967-7303
	 	  	Confirmation Telephone: (303) 967-8325
		
	with a copy of
any notice to
the Company to:	  	First Data Corporation
	 	  	10825 Farnam Drive, C-12
	 	  	Omaha, Nebraska 68154
	 	  	Attention: General Counsel’s Office
	 	  	Telecopy: (402) 222-5683
	 	  	Confirmation Telephone: (402) 951-7004
		
	The Administrative
Agent:	  	Wachovia Bank, National Association, as
	 	  	Administrative Agent
	 	  	Charlotte Plaza
	 	  	201 South College Street, CP-8
	 	  	Charlotte, North Carolina 28288-0680
	 	  	Attention: Syndication Agency Services
	 	  	Telecopier: (704) 383-0288
	 	  	Telephone: (704) 383-4131

  

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	with a copy of
any notice to the
Administrative Agent to:	  	Wachovia Bank, National Association
	 	  	 One Wachovia Center, NC0760

	 	  	 Charlotte, North Carolina 28288-0737

	 	  	 Attention: Mark Felker

	 	  	 Telecopier: (704) 383-7611

	 	  	 Telephone: (704) 374-7074

		
	with respect to
Foreign Currency Loans:	  	 Wachovia Bank, National Association

	 	  	 London Branch

	 	  	 3 Bishopsgate

	 	  	 London, England EC2N3AB

	 	  	 Attention: Michelle Clark

	 	  	 Telecopier: 011 44 (0) 207 929 4645

	 	  	 Telephone: 011 44 (0) 207 956 4310


  
 provided that any notice, request or
demand to or upon the Administrative Agent or the Banks pursuant to subsection 2.3, 2.5, 2.6, 2.7, 2.18 or 2.19 shall not be effective until received. 
  
 9.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Bank, any
right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
  
 9.4 Survival of Representations and Warranties. All representations
and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the Notes. 
  
 9.5 Payment of Expenses and Taxes. The Company agrees (a) to pay
or reimburse the Administrative Agent for all its reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the Notes
and any other documents prepared in connection herewith, and the consummation and administration of the transactions contemplated hereby and thereby, including, without limitation, the reasonable fees and disbursements of counsel to the
Administrative Agent, (b) to pay or reimburse each Bank and the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the Notes and any such other
documents, including, without limitation, fees and disbursements of counsel to the Administrative Agent and to the several Banks, (c) to pay, and indemnify and hold harmless each Bank and the Administrative Agent 

  

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from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other
taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any
waiver or consent under or in respect of, this Agreement, the Notes and any such other documents, and (d) to pay, and indemnify and hold harmless each Bank and the Administrative Agent and each of their respective officers, directors, employees
and affiliates from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Agreement, the Notes, and any such other documents (all the foregoing, collectively, the “indemnified liabilities”), provided, that the Company shall have no obligation hereunder to the
Administrative Agent or any Bank with respect to indemnified liabilities arising from (i) the gross negligence or willful misconduct of the Administrative Agent or such Bank, (ii) legal proceedings commenced or claims against the
Administrative Agent or such Bank by any security holder or creditor thereof arising out of and based upon rights afforded any such security holder or creditor solely in its capacity as such, or (iii) legal proceedings commenced or claims
against the Administrative Agent or such Bank by any other Bank or by any Transferee. In the case of any investigation, litigation or other proceeding or action to which the indemnity in this subsection 9.5 applies, such indemnity shall be effective
whether or not such investigation, litigation or other proceeding or action is brought by the Company or any affiliate of the Company, whether or not the party seeking indemnity is otherwise a party thereto and whether or not any aspect of the
transactions contemplated hereby is consummated. The agreements in this subsection shall survive repayment of the Notes and all other amounts payable hereunder. 
  

9.6 Successors and Assigns; Participations; Purchasing Banks. 
  
 (a) This Agreement shall be binding upon and inure to the benefit of the Company, the Banks, the
Administrative Agent, all future holders of the Notes and their respective successors and assigns, except that the Company may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each
Bank. 
  
 (b) Any Bank may, in accordance with
applicable law, at any time with the consent of the Administrative Agent, the Company (unless there is a Default or Event of Default occurring or continuing) and the Swing Line Bank (which, in each case, shall not be unreasonably withheld) sell to
one or more banks or other entities which are not Competitors (“Participants”) participating interests in any Loan owing to such Bank, any Note held by such Bank, the Commitment of such Bank or any other interest of such Bank
hereunder, provided that with respect to any such sale of a participating interest, the Bank selling such participating interest must retain the right to make all determinations under this Agreement other than requests for (i) reductions in the
principal amount of the Loans, (ii) reductions in the interest rates payable on the Loans, (iii) reductions in the facility fee payable to such selling Bank pursuant to subsection 2.4 and (iv) waivers and extensions in respect of
payment dates on account of principal of the Loans, Interest Payment Dates and the dates on which such facility fee is payable. In the event of any 

  

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such sale by a Bank of participating interests to a Participant, such Bank’s obligations under this Agreement to the other parties to this Agreement
shall remain unchanged, such Bank shall remain solely responsible for the performance thereof, such Bank shall remain the holder of any such Note for all purposes under this Agreement, and the Company and the Administrative Agent shall continue to
deal solely and directly with such Bank in connection with such Bank’s rights and obligations under this Agreement. The Company agrees that if amounts outstanding under this Agreement and the Notes are due or unpaid, or shall have been declared
or shall have become due and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of setoff in respect of its participating interest in amounts owing under this Agreement and any Note to the same
extent as if the amount of its participating interest were owing directly to it as a Bank under this Agreement or any Note, provided that such Participant shall only be entitled to such right of setoff if it shall have agreed in the agreement
pursuant to which it shall have acquired its participating interest to share with the Banks the proceeds thereof as provided in subsection 9.7. The Company also agrees that each Participant shall be entitled to the benefits of subsections 2.14, 2.15
and 2.16 with respect to its participation in the Commitments and the Loans outstanding from time to time; provided that no Participant shall be entitled to receive any greater amount pursuant to such subsections than the transferor Bank would have
been entitled to receive in respect of the amount of the participation transferred by such transferor Bank to such Participant had no such transfer occurred. 
  

(c) Any Bank may, in accordance with applicable law and with the consent of the Administrative Agent (which shall not be unreasonably
withheld) at any time sell to any Bank or any affiliate thereof (but only if such affiliate’s Short-Term Ratings equal or exceed the Short-Term Ratings of such selling Bank) and, with the consent of the Company (unless there is a Default or
Event of Default occurring or continuing) and the Administrative Agent (which in each case shall not be unreasonably withheld), to one or more additional banks or financial institutions (“Purchasing Banks”) all or any part of its rights
and obligations under this Agreement and its Note pursuant to a Commitment Transfer Supplement, substantially in the form of Exhibit D (a “Commitment Transfer Supplement”), executed by such Purchasing Bank, such transferor Bank (and, in
the case of a Purchasing Bank that is not then a Bank or an affiliate thereof, by the Company and the Administrative Agent) and delivered to the Administrative Agent for its acceptance and recording in the Register, provided that (i) in
connection with such sale, such transferor Bank must transfer all of its outstanding Commitment to such Purchasing Bank or, if no Commitments are then in effect, such transferor Bank must transfer all of the unpaid Loans and Participation Interests
held by such Bank to such Purchasing Bank or (ii) after giving effect to such sale the outstanding Commitment of such transferor Bank must equal or exceed $10,000,000, provided, further, with respect to a Purchasing Bank which was not a Bank or
an affiliate of a Bank prior to such sale, the outstanding Commitment of such Purchasing Bank after giving effect to such sale must equal or exceed $10,000,000. Upon such execution, delivery, acceptance and recording, from and after the Transfer
Effective Date determined pursuant to (and as defined in) such Commitment Transfer Supplement, (x) the Purchasing Bank thereunder shall be a party hereto and, to the extent provided in such Commitment Transfer Supplement, (in addition 

  

 69 








 
to any such rights and obligations theretofore held by it) have the rights and obligations of a Bank hereunder with a Commitment as set forth therein, and
(y) the transferor Bank thereunder shall, to the extent provided in such Commitment Transfer Supplement, be released from its obligations under this Agreement (and, in the case of a Commitment Transfer Supplement covering all or the remaining
portion of a transferor Bank’s rights and obligations under this Agreement, such transferor Bank shall cease to be a party hereto, provided, that it is expressly understood and agreed that such transferor Bank shall retain all of such transfer
or Bank’s rights under subsections 2.14, 2.15, 2.16 and 9.5 of this Agreement with respect to any cost, reduction or payment incurred or made prior to the Transfer Effective Date determined pursuant to such Commitment Transfer Supplement,
including, without limitation the rights to indemnification and to reimbursement for taxes, costs and expenses). Such Commitment Transfer Supplement shall be deemed to amend this Agreement to the extent, and only to the extent, necessary to reflect
the addition of such Purchasing Bank and the resulting adjustment of Commitments and Commitment Percentages arising from the purchase by such Purchasing Bank of all or a portion of the rights and obligations of such transferor Bank under this
Agreement and the Notes. On or prior to the Transfer Effective Date determined pursuant to such Commitment Transfer Supplement, the Company, at its own expense, shall execute and deliver to the Administrative Agent in exchange for the surrendered
Note a new Note to the order of such Purchasing Bank in an amount equal to the Commitment assumed by it pursuant to such Commitment Transfer Supplement and, if the transferor Bank has retained a Commitment hereunder, a new Note to the order of the
transferor Bank in an amount equal to the Commitment retained by it hereunder. Such new Notes shall be dated the Closing Date and shall otherwise be in the form of the Notes replaced thereby. The Note surrendered by the transferor Bank shall be
returned by the Administrative Agent to the Company marked “cancelled”. 
  
 (d) The Administrative Agent shall maintain at its address referred to in subsection 9.2 a copy of each Commitment Transfer Supplement
delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Banks and the Commitment of, and principal amount of the Loans owing to, each Bank from time to time. The entries in the Register
shall be conclusive, in the absence of manifest error, and the Company, the Administrative Agent and the Banks may treat each Person whose name is recorded in the Register as the owner of each Loan recorded therein for all purposes of this
Agreement. The Register shall be available for inspection by the Company or any Bank at any reasonable time and from time to time upon reasonable prior notice. 
  

(e) Upon its receipt of a Commitment Transfer Supplement executed by a transferor Bank and Purchasing Bank (and, in the case of a
Purchasing Bank that is not then a Bank or an affiliate thereof, by the Company and the Administrative Agent) together with payment to the Administrative Agent, in the case of a Purchasing Bank that is not then a Bank or an affiliate thereof, of a
registration and processing fee of $3,500 by the transferor Bank, the Administrative Agent shall (i) promptly accept such Commitment Transfer Supplement and (ii) on the Transfer Effective Date determined 

  

 70 








 
pursuant thereto record the information contained therein in the Register and give notice of such acceptance and recordation to the Banks and the Company.

  
 (f) Subject to subsection 9.8, the Company
authorizes each Bank to disclose to any Participant or Purchasing Bank (each, a “Transferee”) and any prospective Transferee any and all financial information in such Bank’s possession concerning the Company and its affiliates
which has been delivered to such Bank by or on behalf of the Company pursuant to this Agreement or which has been delivered to such Bank by or on behalf of the Company in connection with such Bank’s credit evaluation of the Company and its
affiliates prior to becoming a party to this Agreement. 
  
 (g) If, pursuant to this subsection, any interest in this Agreement or any Note is transferred to any Transferee which is not a United States person (as such term is defined in Section 7701(a)(30) of the
Code), the transferor Bank shall require such Transferee, concurrently with the effectiveness of such transfer, to deliver (i) two duly completed copies of United States Internal Revenue Service Form W-8BEN or W-8ECI or successor
applicable form, as the case may be or (ii) in the case of such a Bank claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate to the effect that such Bank is not (A) a
“bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Company within the meaning of 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) two duly completed copies of United States Internal Revenue Service Form W-8BEN, in each case certifying such Bank’s entitlement to a complete exemption from
United States withholding tax with respect to interest payments to be made under this Agreement and under any Note. The transferor Bank shall also require such Transferee (i) to represent to the transferor Bank (for the benefit of the
transferor Bank, the Administrative Agent and the Company) that under applicable law and treaties no taxes will be required to be withheld by the Administrative Agent, the Company or the transferor Bank with respect to any payments to be made to
such Transferee in respect of the Loans, (ii) to agree (for the benefit of the transferor Bank, the Administrative Agent and the Company) to provide the transferor Bank (and, in the case of any Purchasing Bank registered in the Register, the
Administrative Agent and the Company) new such form or successor applicable form upon the expiration or obsolescence of any previously delivered forms and comparable statements in accordance with applicable U.S. laws and regulations and amendments
duly executed and completed by such Transferee and (iii) to comply from time to time with all applicable U.S. laws and regulations with regard to such withholding tax exemption. 
  
 (h) Nothing herein shall prohibit any Bank or the Swing Line Bank from pledging or assigning any Note to any
Federal Reserve Bank in accordance with applicable law. 
  
 (i) The Swing Line Bank may not (except as provided in subsections 2.19 and 9.6(h)) assign or sell participations in all or any part of its Swing Line Loans, its Swing Line Note or its Swing Line Commitment.

  

 71 








 9.7 Adjustments; Set-off. 
  
 (a) If any Bank (a “benefitted Bank”) shall at any time receive any payment of all or part of its
Loans then payable, or interest then payable thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 7(g), or otherwise), in
a greater proportion than any such payment to or collateral received by any other Bank, if any, in respect of such other Bank’s Loans then payable, or interest then payable thereon, such benefitted Bank shall purchase for cash from the other
Banks such portion of each such other Bank’s Loans or such interest thereon, or shall provide such other Banks with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such benefitted Bank to share the
excess payment or benefits of such collateral or proceeds ratably with each of the Banks; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such benefitted Bank, such purchase shall be
rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. The Company agrees that each Bank so purchasing a portion of another Bank’s Loans or interest thereon may exercise all rights of
payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Bank were the direct holder of such portion. 
  
 (b) In addition to any rights and remedies of the Banks provided by law, each Bank shall have the right, without prior notice to the
Company, any such notice being expressly waived by the Company to the extent permitted by applicable law, upon any amount becoming due and payable by the Company hereunder or under the Notes (whether at the stated maturity, by acceleration or
otherwise) to set-off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case
whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Bank or any branch or agency thereof to or for the credit or the account of the Company. The aforesaid right of set-off may be exercised by
such Bank against the Company or against any trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver or execution, judgment or attachment creditor of the Company, or against anyone else claiming through or
against the Company or any such trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off shall not have been
exercised by such Bank prior to the occurrence of any Event of Default. Each Bank agrees promptly to notify the Company and the Administrative Agent after any such set-off and application made by such Bank, provided that the failure to give such
notice shall not affect the validity of such set-off and application. 
  
 9.8 Table of Contents and Section Headings. The table of contents and the section and subsection headings herein are intended for convenience only and shall be ignored in construing this Agreement. 
  

 72 








 9.9 Confidentiality. Each of the Banks and the Administrative Agent agrees to keep confidential
(and to cause its officers, directors, employees, agents and representatives, and its Affiliates’ officers, directors, employees, agents and representatives who gain access to Confidential Materials (as defined below), to keep confidential) any
information which is or has been obtained pursuant to the terms of this Agreement (including, without limitation, subsection 5.4(b)) (collectively, the “Confidential Materials”), except that such Bank or the Administrative Agent, as the
case may be, shall be permitted to disclose the Confidential Materials (a) to such of the officers, directors, employees, agents, independent auditors and representatives of the Bank or any of its Affiliates as need to know such Confidential
Materials in connection with its administration of its Commitment and Loans (provided such persons are informed of the confidential nature of the Confidential Materials and the restrictions imposed by this subsection), (b) to the extent
required by law (including, without limitation disclosure to bank examiners and regulatory officials) or legal process (in which event such Bank or the Administrative Agent, as the case may be, will promptly notify the Company of any such
requirement), (c) to the extent such Confidential Materials become publicly available other than as a result of a breach of the provisions of this subsection, (d) to the extent the Company shall have consented to such disclosure in
writing, (e) to a prospective Transferee which agrees in writing to be bound by the terms of this subsection as if it were a Bank party to this Agreement, (f) to a Governmental Authority in connection with litigation involving this
Agreement or the Notes, (g) to Gold Sheets and other similar bank trade publications; such information to consist of deal terms and other information regarding the credit facilities evidenced by this Agreement customarily found in such
publications and (h) in connection with any suit, action or proceeding for the purpose of defending itself, reducing its liability, or protecting or exercising any of its claims, rights, remedies or interests under or in connection with this
Agreement or any other Loan Document; provided that in no event shall any such Bank or the Administrative Agent disclose any of the Confidential Materials to any of its Excluded Individuals. 
  
 9.10 Patriot Act Notice. Each Bank and the Administrative Agent (for
itself and not on behalf of any other party) hereby notifies the Company that, pursuant to the requirements of the USA Patriot Act, Title III of Pub. L. 107-56, signed into law October 26, 2001 (the “Patriot Act”), it is required to
obtain, verify and record information that identifies the Company, which information includes the name and address of the Company and other information that will allow such Bank or the Administrative Agent, as applicable, to identify the Company in
accordance with the Patriot Act. 
  
 9.11 Counterparts.
This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this
Agreement signed by all the parties shall be lodged with the Company and the Administrative Agent. 
  
 9.12 Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
  

 73 








 9.13 Integration. This Agreement represents the entire agreement of the Company, the
Administrative Agent and the Banks with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Bank relative to subject matter hereof not expressly set forth or
referred to herein or in the Notes. 
  
 9.14 GOVERNING LAW.
THIS AGREEMENT AND THE NOTES AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS
PRINCIPLES THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
  
 9.15 Submission To Jurisdiction; Waivers. The Company hereby irrevocably and unconditionally: 
  
 (a) submits for itself and its property in any legal action
or proceeding relating to this Agreement and the Notes, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the Courts of the State of New York, the courts of the United States of
America for the Southern District of New York, and appellate courts from any thereof; 
  
 (b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have
to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
  
 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to the Company at its address set forth in subsection 9.2 or at such other address of which the Administrative Agent shall have been notified
pursuant thereto; 
  
 (d) agrees that nothing
herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 
  

(e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding
referred to in this subsection any special, exemplary, punitive or consequential damages. 
  
 9.16 Acknowledgements. The Company hereby acknowledges that: 
  
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the Notes; 
  

 74 








 (b) neither the Administrative Agent nor any Bank has any fiduciary relationship to the
Company, and the relationship between the Administrative Agent and the Banks, on the one hand, and the Company, on the other hand, is solely that of debtor and creditor; and 
  
 (c) no joint venture exists among the Banks or among the Company and the Banks. 
  
 9.17 WAIVERS OF JURY TRIAL. THE COMPANY, THE ADMINISTRATIVE AGENT AND
THE BANKS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR THE NOTES AND FOR ANY COUNTERCLAIM THEREIN. 
  
 9.18 Effectiveness. This Agreement shall become effective on the date on which all of the conditions set forth in
Section 4.1 have been satisfied or waived by the Banks and all of the parties have signed a copy hereof (whether the same or different copies) and shall have delivered the same to the Administrative Agent pursuant to Section 9.2 or, in the
case of the Banks, shall have given to the Administrative Agent written, telecopied or telex notice (actually received) at such office that the same has been signed and mailed to it. 
  
 9.19 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due
hereunder or under any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such
other currency on the Business Day preceding that on which final judgment is given. The obligation of the Company in respect of any such sum due from it to the Administrative Agent or any Bank hereunder or under the other Loan Documents shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than Dollars, be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Bank of any sum adjudged to be so due
in the Judgment Currency, the Administrative Agent or such Bank may in accordance with normal banking procedures purchase Dollars with the Judgment Currency. If the amount of Dollars so purchased is less than the sum originally due to the
Administrative Agent or such Bank in Dollars, the Company agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Bank or the Person to whom such obligation was owing against such loss.
If the amount of Dollars so purchased is greater than the sum originally due to the Administrative Agent or such Bank in such currency, the Administrative Agent and the Banks agree to apply such excess to any Loans or other amounts then due and
payable hereunder. 
  

 75 








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

									
	 COMPANY:
	 	 	 	FIRST DATA CORPORATION,
a Delaware corporation
					
	 	 	 	 	 	 	By:	 	/s/    GREG HILBRICH        
	 	 	 	 	 	 	 Name:
	 	Greg Hilbrich
	 	 	 	 	 	 	 Title:
	 	Treasurer and Senior Vice President

  

									
	 ADMINISTRATIVE AGENT
	 	 	 	 
	AND BANKS:	 	 	 	 WACHOVIA BANK, NATIONAL ASSOCIATION,

 as
Administrative Agent, Swing Line Bank, Issuing Lender and as a Bank

					
	 	 	 	 	 	 	By:	 	/s/    MARK B. FELKER        
	 	 	 	 	 	 	 Name:
	 	Mark B. Felker
	 	 	 	 	 	 	 Title:
	 	Managing Director
			
	 	 	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Syndication Agent, Issuing Lender and as a Bank
					
	 	 	 	 	 	 	By:	 	/s/    SCOTT D. BJELDE        
	 	 	 	 	 	 	 Name:
	 	Scott D. Bjelde
	 	 	 	 	 	 	 Title:
	 	Senior Vice President
					
	 	 	 	 	 	 	By:	 	/s/    JENNIFER D.
BARRETT        
	 	 	 	 	 	 	 Name:
	 	Jennifer D. Barrett
	 	 	 	 	 	 	 Title:
	 	Vice President & Loan Team Manager
			
	 	 	 	 	JPMORGAN CHASE BANK N.A.,
as Documentation Agent and as a Bank
					
	 	 	 	 	 	 	By:	 	/s/    CHRISTINE HERRICK        
	 	 	 	 	 	 	 Name:
	 	Christine Herrick
	 	 	 	 	 	 	 Title:
	 	Vice President

  

 76 









			
	BARCLAYS BANK PLC,
as Documentation Agent and as a Bank
		
	By:	 	/s/    NICHOLAS BELL        
	 Name:
	 	Nicholas Bell
	 Title:
	 	Director


  

			
	CITIBANK, N.A.,
as Documentation Agent and as a Bank
		
	By:	 	/s/    ANDREW L. KREEGER        
	 Name:
	 	Andrew L. Kreeger
	 Title:
	 	Vice President


  

			
	BNP PARIBAS,
as a Bank
		
	By:	 	/s/    KATHERINE WOLFE        
	 Name:
	 	Katherine Wolfe
	 Title:
	 	Director


  

			
		
	By:	 	/s/    SANDY BERTRAM        
	 Name:
	 	Sandy Bertram
	 Title:
	 	Vice President


  

			
	BANK OF AMERICA, N.A.,
as a Bank
		
	By:	 	/s/    W. THOMAS BARNETT        
	 Name:
	 	W. Thomas Barnett
	 Title:
	 	Senior Vice President


  

			
	THE BANK OF NOVA SCOTIA,
as a Bank
		
	By:	 	/s/    TODD MELLER        
	 Name:
	 	Todd Meller
	 Title:
	 	Managing Director


  

 77 









			
	KEYBANK NATIONAL ASSOCIATION,
as a Bank
		
	By:	 	/s/    DANIEL
DIMARCO        
	 Name:
	 	Daniel DiMarco
	 Title:
	 	Assistant Vice President


  

			
	MORGAN STANLEY BANK,
as a Bank
		
	By:	 	/s/    DANIEL TWENGE        
	 Name:
	 	Daniel Twenge
	 Title:
	 	Vice President


  

			
	LLOYDS TSB BANK PLC,
as a Bank
		
	By:	 	/s/    JAMES M. HUDD        
	 Name:
	 	James M. Hudd
	 Title:
	 	Vice President
		
	By:	 	/s/    MELISSA CURRY        
	 Name:
	 	Melissa Curry
	 Title:
	 	Assistant Vice President


  

			
	SUMITOMO MITSUI BANKING CORPORATION, NEW YORK,
as a Bank
		
	By:	 	/s/    DAVID A. BUCK        
	 Name:
	 	David A. Buck
	 Title:
	 	Senior Vice President


  

			
	ROYAL BANK OF CANADA,
as a Bank
		
	By:	 	/s/    MARK S. GRONICH        
	 Name:
	 	Mark S. Gronich
	 Title:
	 	Authorized Signatory


  

 78 









			
	ABN AMRO BANK N.V.,
as a Bank
		
	By:	 	/s/    TERRANCE WARD        
	 Name:
	 	Terrance Ward
	 Title:
	 	Managing Director
		
	By:	 	/s/    JORGEN DE
VRIES        
	 Name:
	 	Jorgen de Vries
	 Title:
	 	Assistant Vice President


  

			
	THE BANK OF NEW YORK,
as a Bank
		
	By:	 	/s/    ROBERT BESSER         
	 Name:
	 	Robert Besser
	 Title:
	 	Vice President


  

 79 








 Schedule 1.1 
  
 BANKS AND COMMITMENTS 
  

							
	 Lender

	  	Revolving Commitments

	  	Revolving Commitment Percentage

	 
	 Wachovia Bank, National Association
 One Wachovia Center, NC0760
 Charlotte, NC 28288-0737
 Attn: Mark Felker
 T: 704.374.7074
 F: 704.383.7611
 E: mark.felker@wachovia.com
	  	$	150,000,000.00	  	10.0000000	%
			
	 Wells Fargo Bank, National Association
 Sixth & Marquette, 3rd Floor
 MAC: N9305-031
 Minneapolis, MN 55479
 Attn: Scott Bjelde
 T: 612.667-6126
 F: 612.667.2276
 E: scott.bjelde@wellsfargo.com
	  	$	150,000,000.00	  	10.0000000	%
			
	 JPMorgan Chase Bank, N.A.
 270 Park Avenue, 15th Floor
 New York, NY 10017
 Attn: Bill Castro
 T: 212.270.5052
 F: 212.270.0670
 E: bill.castro@jpmorgan.com
	  	$	125,000,000.00	  	8.3333333	%
			
	 Citibank, N.A.
 400 Perimeter Center Terrace, Suite 600
 Atlanta, GA 30346
 Attn: David McNeela
 T: 770.668.8613
 F: 404.921.9163
 E: david.mcneela@citigroup.com
	  	$	125,000,000.00	  	8.3333333	%
			
	 Barclays Bank PLC
 200 Park Avenue, 4th Floor
 New York, NY 10166
 Attn: Nicholas Bell
 T: 212.412.4029
 F: 212.412.7600
 E: nicholas.bell@barcap.com
	  	$	125,000,000.00	  	8.3333333	%
			
	 BNP Paribas
 One Front Street, 23rd Floor
 San Francisco, CA 94111
 Attn: Katherine Wolfe
 T: 415.772.1339
 F: 415.291.0563
 E: katherine.wolfe@americas.bnpparibas.com
	  	$	100,000,000.00	  	6.6666666	%

  

 80 









							
	 Bank of America, NA
 100 North Tryon Street
 Charlotte, NC 28202
 Attn: W. Thomas Barnett
 T: 704.387.1009
 F: 704.388.0960
 E: w.thomas.barnett@bankofamerica.com
	  	$	100,000,000.00	  	6.6666666	%
			
	 The Bank of Nova Scotia
 One Liberty Plaza
 New York, NY 10006
 Attn: Dan Foote
 T: 212.225.5077
 F: 212.225.5254
 E: dan.foote@scotiacapital.com
	  	$	100,000,000.00	  	6.6666666	%
			
	 KeyBank, National Association
 127 Public Square, 6th Floor
 Cleveland, OH 44119
 Attn: ViJaya N. Kulkarni
 T: 216.689.0283
 F: 216.689.8329
 E: vijaya_n_kulkarni@keybank.com
	  	$	75,000,000.00	  	5.0000000	%
			
	 Morgan Stanley Bank
 One Pierrepont Plaza, 7th Floor
 300 Cadman Plaza West
 Brooklyn, NY 11201
 Attn: Erma Dell’Aquilla/Edward Henley
 T: 718.754.7286 /
7285
 F: 718.754.7249 / 7250
 E: erma.dell’aquila@morganstanley.com
     edward.henley@morganstanley.com
	  	$	75,000,000.00	  	5.0000000	%
			
	 Lloyds TSB Bank plc
 1251 Avenue of the Americas, 39th Floor
 New York, NY
10020
 Attn: James Rudd
 T: 212.930.8977
 F: 212.930.5098
 E: jrudd@lloydstsb-usa.com
	  	$	75,000,000.00	  	5.0000000	%
			
	 Sumitomo Mitsui Banking Corporation, New York
 277 Park Avenue
 New York, NY 10172
 Attn: Edward McColly
 T: 212.224.4139
 F: 212.224.4384
 E: edward_mccolly@smbcgroup.com
	  	$	75,000,000.00	  	5.0000000	%
			
	 Royal Bank of Canada
 One Liberty Plaza
 New York, NY 10006-1404
 Attn: Mark Gronich
 T: 212.428.6319
 F: 212.428.6460
 E: mark.gronich@rbccm.com
	  	$	75,000,000.00	  	5.0000000	%

  

 81 









							
	 ABN AMRO Bank N.V.
 540 West Madison Street, Suite 2621
 Chicago, IL 60661
 Attn: Jorgen De Vries
 T: 312.904.2620
 F: 312.904.1727
 E: jorgen.de_vries@abnamro.com
	  	$	75,000,000.00	  	5.0000000	%
			
	 The Bank of New York
 10990 Wilshire Boulevard, Suite 1125
 Los Angeles, CA 90024
 Attn: Robert Besser
 T: 310.996.8663
 F: 310.996.8667
 E: rbesser@bankofny.com
	  	$	75,000,000.00	  	5.0000000	%

  

 82 








 Schedule 3.6 
 to the Revolving Credit Agreement 
  
 Legal
Proceedings disclosure contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2004, which was filed on March 1, 2005. 
  
 In Re: Concord EFS, Inc. Securities Litigation 
  
 As previously reported, beginning on September 6, 2002, a number of complaints containing essentially identical factual
and legal allegations were filed against Concord EFS, Inc. (“Concord”) and its directors. Concord became a subsidiary of the First Data Corporation (“FDC” or “the Company”) on February 26, 2004. The cases were
consolidated on November 20, 2002 under the caption In Re Concord EFS, Inc. Securities Litigation in the United States District Court for the Western District of Tennessee. The lead plaintiffs in the action filed a Consolidated Amended
Complaint on or about February 17, 2003, in which they allege, among other items, that Concord’s financial statements were materially misleading because they failed to disclose “related party transactions” with H&F Card
Services, Inc. (“H&F”). The Consolidated Amended Complaint seeks class certification, an unspecified amount of compensatory damages, including interest thereon, attorney fees and other costs and expenses on behalf of the plaintiffs and
members of the putative class, and other relief the Court may deem just and proper. The defendant filed a motion to dismiss the Consolidated Amended Complaint on May 2, 2003, which the Court denied on January 7, 2004. The parties are
currently engaged in discovery. The Company intends to vigorously defend against these claims. 
  
 In Re: Concord EFS, Inc. Shareholders Litigation 
  
 As previously reported, on or about April 3 and 4, 2003 two purported class action complaints were filed on behalf of the public holders of
Concord’s common stock (excluding shareholders related to or affiliated with the individual defendants) in the Circuit Court of Tennessee for the Thirtieth Judicial District by Charles Reed and Coralyn Stransky. The defendants in those actions
were certain current and former officers and directors of Concord. The complaints generally alleged breaches of the defendants’ duty of loyalty and due care in connection with the defendants’ alleged attempt to sell Concord without
maximizing the value to shareholders in order to advance the defendants’ alleged individual interests in obtaining indemnification agreements related to the securities litigation discussed above and other derivative litigation. The complaints
sought class certification, injunctive relief directing the defendants’ conduct in connection with an alleged sale or auction of Concord, reasonable attorneys’ fees, experts’ fees and other costs and relief the Court deems just and
proper. These complaints were consolidated into one action (In Re Concord EFS, Inc. Shareholders Litigation) and transferred to the Shelby County Circuit for the State of Tennessee. 
  
 On or about April 2, 2003 an additional purported class action complaint
was filed in the Chancery Court for Shelby County, Tennessee, by Barton K. O’Brien. The defendants were Concord, certain of its current and former officers and directors, and the Company. This complaint contained allegations regarding the
individual defendants’ alleged insider trading and alleged violations of securities and other laws and asserted that this alleged misconduct reduced 

  

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the consideration offered to Concord shareholders in the proposed merger between Concord and a subsidiary of the Company. The complaint sought class
certification, attorneys’ fees, experts’ fees, costs and other relief the Court deems just and proper. Moreover, the complaint also sought an order enjoining consummation of the merger, rescinding the merger if it is consummated and
setting it aside or awarding rescissory damages to members of the putative class, and directing the defendants to account to the putative class members for unspecified damages. On April 24, 2003, defendant First Data Corp. filed a motion to
dismiss the claims against it which was granted by the Court. On June 25, 2003 this complaint was transferred to the Shelby County Circuit Court in which In re Concord EFS, Inc. Shareholder Litigation is pending. Through a Court-ordered
second amended consolidated complaint filed September 19, 2003, the two matters were consolidated. 
  
 On October 15, 2003, the plaintiffs moved for leave to file a third amended consolidated complaint similar to the previous complaints but also
alleging that the proxy statement disclosures relating to the antitrust regulatory approval process were inadequate. On October 17, 2003, the plaintiffs filed a motion for preliminary injunction to enjoin the shareholder vote on the proposed
merger and/or the merger itself. The Court denied the plaintiffs’ motion on October 20, 2003 but ordered deposition discovery on an expedited basis. On October 27, 2003 the plaintiffs filed a renewed motion to enjoin the shareholder
vote, which was denied by the Court the same day. A motion to dismiss was filed on June 22, 2004 alleging that the claims should be denied and are moot since the merger has occurred. On October 18, 2004, the court heard arguments on the
plaintiff’s motion to amend complaint and defendant’s motion to dismiss. The Company intends to vigorously defend the action. 
  
 Department of Justice Civil Investigation 
  
 As previously reported, on February 4, 2004 and April 9, 2004, the U.S. Department of Justice (“DOJ”) issued Civil Investigative
Demands (“CID”) to determine if Western Union’s agent contracts constitute a monopolization or agreements in restraint of trade in violation of Section 1 or Section 2 of the Sherman Act. Additionally, the following states
and territories are currently participating in the investigation and have requested the information called for in the CIDs: Nevada, Delaware, Connecticut, District of Columbia, Hawaii, Louisiana, Massachusetts, Oregon, Florida, Puerto Rico, New York
and California. In January 2005, the Texas Attorney General’s Office advised Western Union that it was closing its investigation. 
  
 Brennan v. Concord, et al. 
  
 As previously reported, on July 2, 2004, Pamela Brennan, Terry Crayton, and Darla Martinez filed a class action complaint on behalf of themselves and
all others similarly situated in the United States District Court for the Northern District of California against the Company; its subsidiary Concord EFS, Inc.; Bank of America Corporation; Bank One Corporation; Bank One, N.A.; JPMorgan
Chase & Co.; Citibank (West), FSB; SunTrust Banks, Inc.; Wachovia Corporation; Wells Fargo & Co.; Wells Fargo Bank, N.A.; and Servus Financial Corporation. Plaintiffs claim that the defendants have violated antitrust laws by
conspiring to artificially inflate foreign ATM fees that were ultimately charged to ATM cardholders. Plaintiffs seek a declaratory judgement, injunctive relief, compensatory damages, attorneys’ fees, costs and such 

  

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other relief as the nature of the case may require or as may seem just and proper to the court. The Company intends to vigorously defend this action.

  
 As previously reported, the following parties have filed and
served suits, alleging claims and requesting relief substantially similar to those claims in the Brennan action, against the Company, its subsidiary Concord EFS, Inc., Bank of America Corp., Bank One Corp., Bank One, N.A., JPMorgan
Chase & Co., Citibank (West), FSB, SunTrust Banks, Inc., Wachovia Corporation, Wachovia Bank, NA, Wells Fargo & Co., Wells Fargo Bank, N.A., and Servus Financial Corp, the financial institutions named in the Brennan action:

  

					
	 Plaintiffs

	  	 Filing
Date

	  	 Court


	Melissa Griffin and Dorothy Stam, on behalf of themselves and all others similarly situated	  	July 9,
2004	  	Central District of California (Los Angeles)
			
	Cecilia Salvador and Brian Palmer on behalf of themselves and all others similarly situated	  	August 12,
2004	  	Central District of California (Los Angeles)
			
	Peter Sanchez, on behalf of himself and all others similarly situated	  	August 17,
2004	  	Southern District of New York
			
	Deborah Fennern, on behalf of herself and all others similarly situated	  	August 17,
2004	  	Southern District of New York
			
	Steve Murray, on behalf of himself and all others similarly situated	  	October 14,
2004	  	Western District of Washington (Seattle)

  
 The Plaintiffs sought
to have all of the cases consolidated by the Multi District Litigation panel. That request was denied by the panel December 16, 2004 and all cases have been transferred to the Northern District of California. With the exception of the Murray
case, which has not yet been assigned, all actions have been assigned to a single judge. That judge has stayed the litigation pending resolution of the defendants’ motions seeking dismissal of the Brennan complaint. Those motions are
scheduled to be argued March 24, 2005. 
  

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 VISA U.S.A. Inc. Litigation 
  
 As previously reported, the United States District Court for the Northern District of California denied VISA’s Motion
to Dismiss the Company and its two subsidiaries’ counterclaim on August 11, 2004. The Company amended the counterclaim on August 13, 2004 and on September 3, 2004 the Court entered an order vacating the trial date and setting the
close of fact and expert discovery in April 2005. 
  
 Cruz Action

  
 As previously reported, in the class action suit
filed by Ana Cruz, Ramata Sly, Clare Sambrook and Albert Lewis Vale the parties jointly filed papers in support of final approval of the proposed settlement. A small number of class members filed objections to or requests for exclusion from the
proposed settlement and, on April 2, 2004, two of the objectors filed a response to the parties’ motion for final approval. On April 9, 2004, the Court held a hearing on the fairness of the proposed class action settlement.

  
 On October 19, 2004, the Court granted final approval of
the settlement. On February 7, 2005, the Court approved the application of plaintiffs, made pursuant to the terms of the settlement, for an award of attorney’s fees and a payment to the class representatives. Also on February 7, 2005,
the Court entered a final judgment in the action. The time period during which objectors may appeal has not yet expired. If an appeal is taken and the approval of the settlement reversed on appeal, the Company intends to vigorously defend this
action. 
  
 Merger Derivative Action 
  
 On November 21, 2003, Thomas J. McAdam instituted a shareholder
derivative action against FDC and nine of its directors alleging that the directors breached their fiduciary duties in connection with FDC’s merger with Concord (the “Action”). The Action challenged the Board’s failure to take
the steps necessary to obtain Department of Justice approval of the transaction under the Hart-Scott-Rodino Antitrust Improvement Act (“HSR”). On October 23, 2003, the Department of Justice, the District of Columbia and seven states
sued FDC and Concord, seeking a permanent injunction against the merger for violation of the antitrust laws. 
  
 Plaintiff in the Action sought FDC’s divestiture of its interest in NYCE Corporation (“NYCE”) as a means to obtain HSR clearance. On
December 15, 2003, it was announced that FDC and the Department of Justice (together with the District of Columbia and seven states) had reached an agreement whereby First Data would divest its interest in NYCE, thereby removing the impediment
to its merger with Concord. The merger was consummated on February 26, 2004. 
  
 On February 16, 2005, the parties to the Action entered into a stipulation agreeing that the claims asserted in the Action had become moot. In that connection, FDC has agreed to pay the fees and expenses incurred
by plaintiffs’ counsel in litigating the Action in an aggregate amount of $325,000. 
  

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 Unless, on or before April 8, 2005, one or more FDC shareholders objects to the dismissal of the
Action as moot or to FDC’s agreement with respect to the payment of attorneys’ fees and expenses, and unless any such objections are deemed by the Court to be of merit, the Court will enter a final order dismissing the Action with
prejudice as to plaintiff and his counsel. Objections shall be filed in the office of the Register in Chancery, 500 North King Street, Wilmington, DE 19801 and copies served upon the following counsel of record: 
  

			
	 Joseph A. Rosenthal, Esquire
	  	Raymond Dicamillo, Esquire
	Rosenthal, Monhait, Gross & Goddess, P.A.	  	Richards, Layton & Finger, P.A.
	Suite 1401, 919 N. Market Street	  	P.O. Box 551
	P.O. Box 1070	  	920 King Street
	Wilmington, DE 19899	  	Wilmington, DE 19899

  
 The above matters were updated as
follows in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2005, which was filed on May 5, 2005. 
  
 In the Department of Justice Investigation, the U.S. Department of Justice and 12 of the 13 states involved have closed their investigations. At
this time, only New York State’s investigation remains open. 
  
 In the VISA U.S.A. Inc. Litigation matter, fact discovery has closed, except for some depositions that the parties have stipulated may continue, and expert discovery is scheduled to close June 10, 2005. 
  
 In the Cruz matter, the judgment approving the settlement became final
after the time for appeal lapsed. 
  
 In the Brennan v.
Concord, et al. matter, the five similar cases, Griffin, Salvador, Sanchez, Fennern and Murray, have been transferred to the Northern District Court of California, assigned to a single judge and stayed. In
Brennan, the defendants’ motions to dismiss were argued on March 31, 2005 and the Company awaits the Court’s ruling. 
  
 The above matters were further updated as follows in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, which was filed on
August 3, 2005. 
  
 In the Department of Justice
Investigation, on May 6, 2005 New York, the last state with an open investigation, reported that it closed its investigation. 
  
 In the VISA U.S.A. Inc. Litigation matter, fact discovery has closed and summary judgment motions are due August 5, 2005. 
  
 In the Brennan v. Concord, et al. matter, on May 4, 2005 the
Northern District Court of California denied the defendants’ motions to dismiss except for some claims on technical issues. 

  

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Plaintiffs filed an amended complaint on May 25, 2005. The stay on discovery in this case expired on July 3, 2005. On July 13, 2005 the Court
held a status conference in which it ruled that the Brennan Plaintiffs would file their motion for class certification in November 2005 with the Defendants responses due in February 2006. On July 21, 2005, Concord filed a motion for summary
judgment seeking to foreclose claims arising after February 1, 2001 – the date that Concord acquired the STAR network. 
  
 In the In Re: Concord EFS, Inc. Securities Litigation, on July 22, 2005 the United States District Court for the Western District of Tennessee
entered an order granting preliminary approval of a settlement which would provide $13.3 million to the plaintiffs of which approximately $13.0 million would be paid by Concord’s insurers with the balance by Concord. The Court set a hearing for
October 21, 2005 where it will consider final approval after notice of the settlement has been provided to the class. 
  
 In the Merger Derivative Action, on April 19, 2005 the Court of Chancery of the State of Delaware for New Castle County approved the
settlement requiring the Company to pay fees and expenses incurred by plaintiff’s counsel in the amount of $325,000 and entered a final order dismissing the action with prejudice as to the plaintiff and his counsel. 
  

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