Exhibit 10.1









 





Published CUSIP Number: 84857HAR1


 


FOURTH AMENDMENT


TO


SECOND AMENDED AND RESTATED CREDIT AGREEMENT


 


Dated as of April 13 2020


 


by and among


 


SPIRIT AEROSYSTEMS, INC.,


as Borrower,


 


SPIRIT AEROSYSTEMS HOLDINGS, INC. AND SPIRIT
AEROSYSTEMS NORTH CAROLINA,

 INC.,


as Guarantors,


 


THE LENDERS PARTY HERETO,


 


and


 


BANK OF AMERICA, N.A.,


as Administrative Agent


 


BOFA
SECURITIES, INC.,


as Sole Lead Arranger and Sole Bookrunner


 






    


     


    

 


FOURTH AMENDMENT 


TO


SECOND AMENDED AND RESTATED CREDIT AGREEMENT


 


This FOURTH AMENDMENT
TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 13, 2020 (this “Amendment”), is entered
into by and among SPIRIT AEROSYSTEMS, INC., a Delaware corporation (the “Borrower”), SPIRIT AEROSYSTEMS
HOLDINGS, INC., a Delaware corporation (the “Parent Guarantor”), SPIRIT AEROSYSTEMS NORTH CAROLINA, INC.,
a North Carolina corporation, the Lenders party hereto, and Bank of America, N.A., as Administrative Agent, a Swing Line Lender
and an L/C Issuer. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the
Credit Agreement (as defined below and as amended hereby).


 


W I T N E S S E T H


 


WHEREAS, the Borrower,
the Parent Guarantor, the Lenders, and Bank of America, N.A., as Administrative Agent, a Swing Line Lender and an L/C Issuer, have
entered into that certain Second Amended and Restated Credit Agreement, dated as of July 12, 2018 (as amended by that certain First
Amendment to Second Amended and Restated Credit Agreement, dated as of February 24, 2020, that certain Second Amendment to Second
Amended and Restated Credit Agreement, dated as of March 30, 2020, that certain Third Amendment to Second Amended and Restated
Credit Agreement, dated as of April 10, 2020, and as further amended, restated, amended and restated, supplemented, increased,
extended, refinanced, replaced, and/or otherwise modified in writing from time to time prior to the date hereof, the “Credit
Agreement”); and


 


WHEREAS, the Borrower
has requested certain amendments to the Credit Agreement, and the Requisite Lenders and the Administrative Agent have agreed to
such amendments, subject to the terms and conditions set forth herein.


 


Now,
THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which
is hereby acknowledged), the parties hereto hereby agree as follows:


 


A G R E E M E N T


 


Section 1. Amendments
to Credit Agreement.


 


1.1      Credit Agreement.
The body of the Credit Agreement (but not the Exhibits and/or Schedules thereto) is hereby amended to (a) delete the stricken
text (as indicated textually in the same manner as the following example: stricken text),
and (b) insert the underlined text (as indicated textually in the same manner as the following example: underlined
text), in each case of the foregoing clauses (a) and (b), as set forth in the marked copy of the entire
body of the Credit Agreement attached hereto as Annex A.


 


1.2      Exhibit to Credit
Agreement. Exhibit 7.01(d) to the Credit Agreement is hereby replaced in its entirety with the Exhibit attached hereto as
Annex B.


 


Section 2. Conditions
Precedent. This Amendment shall be effective upon the satisfaction of the following conditions precedent (such date of
such satisfaction, the “Fourth Amendment Effectiveness Date”):


 


2.1      Amendment.
Receipt by the Administrative Agent of a counterpart of this Amendment signed by each of the Administrative Agent, the Requisite
Lenders and the Loan Parties.


 


2.2      Proceeds
of Capital Raise. Substantially concurrently with the satisfaction of all other conditions precedent set forth in this Section
2 (and, in any event, on or prior to May 12, 2020), receipt by the Borrower of proceeds of Indebtedness incurred pursuant
to Section 8.2(b)(xiv) of the Credit Agreement (as amended by this Amendment) in an aggregate outstanding principal amount of at
least Five-Hundred Million Dollars ($500,000,000).


 






    1


     


    

 


2.3      Fourth
Amendment Effectiveness Date Certificate. Receipt by the Administrative Agent of a certificate, signed by a Responsible Officer
of the Borrower and dated as of the Fourth Amendment Effectiveness Date:


 


(a)       certifying
that each of the representations and warranties contained in Article VI of the Credit Agreement (as amended hereby) and in each
other Loan Document, and in each agreement, certificate and notice furnished at any time under, or in connection with, this Amendment
or such other Loan Document, is true and correct in all material respects (provided, that, any representation or
warranty that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in
all respects) on and as of the Fourth Amendment Effectiveness Date with the same effect as if then made (except to the extent that
such representations and warranties specifically refer to an earlier date, in which case, such representations and warranties shall
be true and correct in all material respects (provided, that, any representation or warranty that is qualified as
to “materiality” or “Material Adverse Effect” shall be true and correct in all respects) as of such earlier
date), and except that, for purposes hereof, the representations and warranties contained in Section 6.05(a) and Section 6.05(b)
of the Credit Agreement (as amended hereby) shall be deemed to refer to the most recent financial statements furnished pursuant
to Section 7.01(a) and Section 7.01(b), respectively, of the Credit Agreement (as amended hereby);


 


(b)       certifying
that no Default or Event of Default has occurred and is continuing; and


 


(c)       certifying,
and demonstrating with calculations attached to such certificate in form and detail reasonably acceptable to the Administrative
Agent, that, both immediately before and immediately after giving effect to this Amendment, the Parent Guarantor and its Subsidiaries,
on a consolidated basis, have minimum Liquidity of not less than One Billion Dollars ($1,000,000,000).


 


2.4      Fees.
Receipt by the Administrative Agent on, and subject to the occurrence of, the Fourth Amendment Effectiveness Date of payment in
full of: (a) an amendment fee, for the account of each Lender that delivers its signature page to this Amendment by 7:00 p.m. (Eastern
time) on April 12, 2020, in an amount equal to the product of (i) the sum of (A) such Lender’s Revolving Commitment,
plus (B) such Lender’s portion of the outstanding principal amount of the Term Loans, multiplied by (ii) five
basis points (0.05%); and (b) all fees referred to in the Fourth Amendment Fee Letter.


 


2.5      Out-of-Pocket
Expenses and Attorney Costs. Unless waived by the Administrative Agent, the Borrower shall have paid all reasonable out-of-pocket
expenses of the Arrangers and the Administrative Agent, and all fees, charges and disbursements of counsel to the Lead Arrangers
and the Administrative Agent (limited to one (1) primary counsel for the Administrative Agent, and, if deemed reasonably necessary
by the Administrative Agent, one (1) special and/or local counsel to the Administrative Agent in each applicable jurisdiction or
regulatory counsel retained by the Administrative Agent) to the extent invoiced at least three (3) Business Days prior to
the Fourth Amendment Effectiveness Date, plus such additional amounts of such fees, charges and disbursements as shall constitute
its reasonable estimate of such fees, charges and disbursements incurred, or to be incurred, by it through the closing proceedings
(provided, that, such estimate shall not thereafter preclude a final settling of accounts between the Borrower
and the Administrative Agent).


 


Promptly upon the occurrence
of the Fourth Amendment Effectiveness Date, the Administrative Agent shall notify the Borrower and the Lenders as to the occurrence
of the Fourth Amendment Effectiveness Date, and such notice shall be conclusive and binding.


 






    2


     


    

 


Section 3. Representations
and Warranties. On and as of the date hereof, after giving effect to this Amendment, the Borrower and the Parent Guarantor
each hereby represent and warrant to the Administrative Agent and each Lender as follows:


 


3.1      this
Amendment has been duly authorized, executed and delivered by each Loan Party signatory hereto, and, assuming the due execution
and delivery of this Amendment by each of the other parties hereto, constitutes the legal, valid and binding obligation of such
Loan Party, enforceable against such Loan Party in accordance with its terms, except as the enforceability thereof may be limited
by bankruptcy, insolvency or similar Laws affecting creditors’ rights generally;


 


3.2      each
of the representations and warranties contained in Article VI of the Credit Agreement (as amended hereby) and in each other Loan
Document, and in each agreement, certificate and notice furnished at any time under, or in connection with, this Amendment or such
other Loan Document, is true and correct in all material respects (provided, that, any representation or warranty
that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all respects)
on and as of the date hereof with the same effect as if then made (except to the extent that such representations and warranties
specifically refer to an earlier date, in which case, such representations and warranties shall be true and correct in all material
respects (provided, that, any representation or warranty that is qualified as to “materiality” or “Material
Adverse Effect” shall be true and correct in all respects) as of such earlier date), and except that, for purposes hereof,
the representations and warranties contained in Section 6.05(a) and Section 6.05(b) of the Credit Agreement (as amended hereby)
shall be deemed to refer to the most recent statements furnished pursuant to Section 7.01(a) and Section 7.01(b), respectively,
of the Credit Agreement (as amended hereby); and


 


3.3      no
Default or Event of Default has occurred and is continuing.


 


Section 4. Reference
to the Effect on the Loan Documents.


 


4.1      As of the Fourth
Amendment Effectiveness Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”,
 “hereof”, “herein”, or words of like import, and each reference in the other Loan Documents
to the Credit Agreement (including, without limitation, by means of words like “thereunder”, “thereof”
and words of like import), shall mean and be a reference to the Credit Agreement, as amended hereby, and this Amendment and the
Credit Agreement shall be read together and construed as a single instrument.


 


4.2      Except as expressly
amended hereby, all of the terms and provisions of the Credit Agreement and all other Loan Documents are and shall remain in full
force and effect and are hereby ratified and confirmed.


 


4.3      The execution,
delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of the Lenders, the Borrower, the Arrangers or the Administrative Agent under any of the Loan Documents, nor constitute
a waiver or amendment of any other provision of any of the Loan Documents or for any purpose, except as expressly set forth herein.


 


4.4      This Amendment
is a Loan Document.


 


Section 5. Incorporation
by Reference; Notices; Successors. The provisions of Section 1.02 (Other Interpretive Provisions),
Section 1.05 (Times of Day), Section 11.10 (Counterparts; Integration; Effectiveness) (with respect
to counterparts only), Section 11.12 (Severability), Section 11.14 (Governing Law; Jurisdiction; Etc.),
and Section 11.15 (Waiver of Right to Trial by Jury), in each case, of the Credit Agreement (as amended hereby) are hereby
incorporated by reference and shall apply to this Amendment, mutatis mutandis. All communications and notices hereunder
shall be given as provided in Section 11.02 of the Credit Agreement (as amended hereby). The terms of this Amendment shall be binding
upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns.


 






    3


     


    

 


Section 6. Affirmations.


 


6.1      Each Loan Party
signatory hereto hereby (a) ratifies and affirms its obligations under the Loan Documents (including guarantees) executed by the
undersigned, and (b) acknowledges, renews and extends its continued liability under all such Loan Documents, and agrees such Loan
Documents remain in full force and effect, in each case, as modified by this Amendment.


 


6.2      Each Loan Party
signatory hereto hereby reaffirms, as of the date hereof: (a) the covenants and agreements contained in each Loan Document to which
it is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment
and the transactions contemplated hereby; and (b) its guarantee of payment of the Obligations pursuant to the Guaranty.


 


6.3      Each Loan Party
signatory hereto hereby acknowledges and agrees that the acceptance by the Administrative Agent and each Lender shall not
be construed in any manner to establish any course of dealing on the Administrative Agent’s or Lender’s part, including
the providing of any notice or the requesting of any acknowledgment not otherwise expressly provided for in any Loan Document with
respect to any future amendment, waiver, supplement or other modification to any Loan Document or any arrangement contemplated
by any Loan Document.


 


[Remainder of Page Intentionally Left
Blank; Signature Pages Follow]


 






    4


     


    

 


IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be duly executed as of the date first above written, intending to create an
instrument under seal.


 


	BORROWER:	SPIRIT AEROSYSTEMS, INC.,
	 	a Delaware corporation
	 
	 	By:	/s/ Rhonda Harkins
	 	Name: Rhonda Harkins
	 	Title: Treasurer
	 
	GUARANTORS:	SPIRIT AEROSYSTEMS HOLDINGS, INC.,
	 	a Delaware corporation
	 
	 	By:	/s/ Rhonda Harkins
	 	Name: Rhonda Harkins
	 	Title: Treasurer
	 
	 	SPIRIT AEROSYSTEMS NORTH CAROLINA, INC., 
	 	a North Carolina corporation
	 
	 	By:	/s/ Rhonda Harkins
	 	Name: Rhonda Harkins
	 	Title: Treasurer
	 




[Signature Pages Continue]


 





Signature Page to Fourth Amendment to Second
Amended and Restated Credit Agreement (Spirit AeroSystems, Inc.)







 






    


     


    

 


	ADMINISTRATIVE AGENT:	bank of america, n.a.,
	 	as Administrative Agent
	 
	 	By:	/s/ Kevin L. Ahart
	 	Name: Kevin L. Ahart
	 	Title: Vice President
	 




 


[Signature Pages Continue]


 





Signature Page to Fourth Amendment to Second
Amended and Restated Credit Agreement (Spirit AeroSystems, Inc.)







 






    


     


    

  


[Lender Signature Pages Intentionally
Omitted]


 


Signature Page to Fourth Amendment to Second
Amended and Restated Credit Agreement (Spirit AeroSystems, Inc.)


 






    


     


    

 



 


Annex A


 


ANNEX
A TO FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT


 


 


Published CUSIP Number: 84857HAR1


SECOND AMENDED AND RESTATED CREDIT AGREEMENT


 


Dated as of July 12, 2018,


 


among


 


SPIRIT AEROSYSTEMS, INC.,


as Borrower,


 


SPIRIT AEROSYSTEMS HOLDINGS, INC. AND THE
SUBSIDIARIES THEREOF PARTY


HERETO,


as Guarantors,


 


THE LENDERS REFERRED TO HEREIN,


and


 


BANK OF AMERICA, N.A.


as Administrative Agent and Collateral Agent


 


Mizuho
Bank, LTD.


and


CITIBANK,
N.A.,


as Syndication Agents


 


and


 


THE
BANK OF NOVA SCOTIA


ROYAL
BANK OF CANADA


and


u.s.
bank national association,


as Co-Documentation Agents


 


BOFA
SECURITIES, INC.,


as a Joint Lead Arranger and Sole Bookrunner


and


 


Mizuho
Bank, LTD.


and


CITIBANK, N.A.,


as Joint Lead Arrangers


 






     


     


    

 


TABLE OF CONTENTS


 


	 	 	 	Page
	 	 	 	 
	ARTICLE
I —
DEFINITIONS AND ACCOUNTING TERMS	1
	 	 	 	 
		1.01	Defined
                                         Terms	1
		1.02	Other
                                         Interpretive Provisions	4952
		1.03	Accounting
                                         Terms	5053
		1.04	Rounding	5154
		1.05	Times
                                         of Day	5154
		1.06	Letter
                                         of Credit Amounts	5154
	 	 	 	 
	ARTICLE
II —
THE COMMITMENTS AND CREDIT EXTENSIONS	5254
	 	 	 	 
		2.01	Commitments	5254
		2.02	Borrowings,
                                         Conversions and Continuations of Loans	5658
		2.03	Letters
                                         of Credit	5759
		2.04	Swing
                                         Line Loans	6568
		2.05	Prepayments	6870
		2.06	Termination
                                         or Reduction of Aggregate Revolving Commitments and Aggregate Delayed Draw Term Loan
                                         Commitments	7173
		2.07	Repayment
                                         of Loans	7274
		2.08	Interest	7275
		2.09	Fees	7376
		2.10	Computation
                                         of Interest and Fees	7477
		2.11	Evidence
                                         of Debt	7477
		2.12	Payments
                                         Generally; Administrative Agent’s Clawback	7577
		2.13	Sharing
                                         of Payments by Lenders	7779
		2.14	Cash
                                         Collateral	7780
		2.15	Defaulting
                                         Lenders	7881
	 	 	 	 
	ARTICLE
III —
TAXES, YIELD PROTECTION AND ILLEGALITY	8083
	 	 	 	 
		3.01	Taxes	8083
		3.02	Illegality	8487
		3.03	Inability
                                         to Determine Rates	8587
		3.04	Increased
                                         Costs	8790
		3.05	Compensation
                                         for Losses	8891
		3.06	Mitigation
                                         Obligations; Replacement of Lenders	8991
		3.07	Survival	8992
		3.08	Withholding
                                         Taxes	9092
	 	 	 	 
	ARTICLE
IV —
GUARANTY	9092
	 	 	 	 
		4.01	The
                                         Guaranty	9092
		4.02	Obligations
                                         Unconditional	9093
		4.03	Reinstatement	9194
		4.04	Certain
                                         Additional Waivers	9294
		4.05	Remedies	9294
		4.06	Rights
                                         of Contribution	9294
		4.07	Guarantee
                                         of Payment; Continuing Guarantee	9295
		4.08	Keepwell	9295
		4.09	Appointment
                                         of Borrower	9395



 






     


     


    

 


	ARTICLE
V —
CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	9395
	 	 	 	 
		5.01	Conditions
                                         of Initial Credit Extension	9395
		5.02	Conditions
                                         to all Credit Extensions	9597
	 	 	 	 
	ARTICLE
VI —
REPRESENTATIONS AND WARRANTIES	9598
	 	 	 	 
		6.01	Organization,
                                         Etc	9698
		6.02	Due
                                         Authorization, Non-Contravention, Etc	9698
		6.03	Government
                                         Approval, Regulation, Etc	9799
		6.04	Validity,
                                         Etc	97100
		6.05	Financial
                                         Information	98100
		6.06	No
                                         Material Adverse Effect	98100
		6.07	Litigation	98101
		6.08	Compliance
                                         with Laws and Agreements	98101
		6.09	Loan
                                         Parties; Subsidiaries, Etc.; Deposit and Investment Accounts.	99101
		6.10	Ownership
                                         of Properties	99102
		6.11	Taxes	100103
		6.12	Pension
                                         and Welfare Plans	100103
		6.13	Environmental
                                         Warranties	101104
		6.14	Regulations
                                         T, U and X	101104
		6.15	Disclosure
                                         and Accuracy of Information	101104
		6.16	Labor
                                         Matters	102104
		6.17	Solvency	102104
		6.18	Securities	102105
		6.19	Sanctions;
                                         Anti-Corruption Laws	102105
		6.20	Creation,
                                         Perfection and Priority of Liens; Equity Interests	103105
		6.21	Insurance	103106
		6.22	Boeing
                                         Agreements	103106
		6.23	Affected
                                         Financial Institution	103106
		6.24	Beneficial
                                         Ownership Certification	103106
	 	 	 	 
	ARTICLE
VII —
AFFIRMATIVE COVENANTS	104106
	 	 	 	 
		7.01	Financial
                                         Information, Reports, Notices, Etc	104106
		7.02	Compliance
                                         with Laws, Etc	106109
		7.03	Maintenance
                                         of Properties	106109
		7.04	Insurance	107109
		7.05	Books
                                         and Records; Visitation Rights	107110
		7.06	Environmental
                                         Covenant	107110
		7.07	Existence;
                                         Conduct of Business	108111
		7.08	Use
                                         of Proceeds	108111
		7.09	Payment
                                         of Taxes	108111
		7.10	KYC
                                         Information	109111
		7.13	Additional
                                         Guarantors	109112
		7.14	Pledged
                                         Assets; Additional Collateral	109112
		7.15	Further
                                         Assurances	111113
		7.16	Post-First
                                         Amendment Effectiveness Date Conditions	111114
	 	 	 	 
	ARTICLE
VIII —
NEGATIVE COVENANTS	112115
	 	 	 	 
		8.01	Liens	112115
		8.02	Indebtedness	115118
		8.03	Fundamental
                                         Changes; Line of Business	118122
		8.04	Investments,
                                         Loans, Advances, Guarantees and Acquisitions	119123
		8.05	Asset
                                         Dispositions	121124



 






    iii


     


    

 


		8.06	Restricted
                                         Payments	123127
		8.07	Transactions
                                         with Affiliates	124128
		8.08	Financial
                                         Covenants	124129
		8.09	Fiscal
                                         Year	126130
		8.10	Sanctions
                                         and Anti-Money Laundering Laws	126130
		8.11	Anti-Corruption
                                         Laws	126131
		8.12	Use
                                         of Proceeds	126131
		8.13	Sale
                                         and Leaseback Transactions	127131
		8.14	Restrictive
                                         Agreements	127131
		8.15	Amendments
                                         or Waivers of Certain Documents; Prepayments of Certain Indebtedness	128132
	 	 	 	 
	ARTICLE
IX —
EVENTS OF DEFAULT AND REMEDIES	129133
	 	 	 	 
		9.01	Events
                                         of Default	129133
		9.02	Action
                                         if Bankruptcy	131135
		9.03	Action
                                         if Other Event of Default	131135
		9.04	Action
                                         if Event of Termination	131136
		9.05	Application
                                         of Proceeds	131136
	 	 	 	 
	ARTICLE
X —
ADMINISTRATIVE AGENT	133137
	 	 	 	 
		10.01	Appointment
                                         and Authority	133137
		10.02	Rights
                                         as a Lender	133138
		10.03	Exculpatory
                                         Provisions	134138
		10.04	Reliance
                                         by Administrative Agent	134139
		10.05	Delegation
                                         of Duties	135139
		10.06	Resignation
                                         of Administrative Agent	135140
		10.07	Non-Reliance
                                         on Administrative Agent and Other Lenders	136141
		10.08	No
                                         Other Duties; Etc	137141
		10.09	Administrative
                                         Agent May File Proofs of Claim	137141
		10.10	ERISA
                                         Matters	139143
		10.11	Guaranteed
                                         Treasury Management Agreements and Guaranteed Swap Contracts	140145
	 	 	 	 
	ARTICLE
XI —
MISCELLANEOUS	141146
	 	 	 	 
		11.01	Amendments,
                                         Etc	141146
		11.02	Notices
                                         and Other Communications; Facsimile Copies	143148
		11.03	No
                                         Waiver; Cumulative Remedies; Enforcement	145150
		11.04	Expenses;
                                         Indemnity; and Damage Waiver	146151
		11.05	Payments
                                         Set Aside	148153
		11.06	Successors
                                         and Assigns	148153
		11.07	Treatment
                                         of Certain Information; Confidentiality	153157
		11.08	Set-off	153158
		11.09	Interest
                                         Rate Limitation	154159
		11.10	Counterparts;
                                         Integration; Effectiveness	154159
		11.11	Survival
                                         of Representations and Warranties	154159
		11.12	Severability	155159
		11.13	Replacement
                                         of Lenders	155160
		11.14	Governing
                                         Law; Jurisdiction; Etc	156160
		11.15	Waiver
                                         of Right to Trial by Jury	157161
		11.16	Electronic
                                         Execution	157162
		11.17	USA
                                         PATRIOT Act	157162
		11.18	No
                                         Advisory or Fiduciary Relationship	158162
		11.19	Acknowledgment
                                         and Consent to Bail-In of Affected Financial Institutions	158163
		11.20	Acknowledgement
                                         Regarding Any Supported QFCs	158163
		11.21	Amendment
                                         and Restatement	159164
		11.22	Waiver
                                         of Notice Period and Breakage Costs	159164
		11.23	Reallocation	159164



 






    iv


     


    




 


	SCHEDULES	 
	 	 
	I	Lenders and Commitments
	1.01(a)	Boeing Agreements
	1.01(b)	Existing Letters of Credit
	6.09	Loan Party Information
	6.09–CSAG	Loan Parties; Subsidiaries, Etc.; Deposit and Investment Accounts
	6.10–CSAG–RP	Leased and Owned Real Property
	6.10–CSAG–IP	 Intellectual Property
	8.01(c)	Existing Liens
	8.02–CSAG	Existing Indebtedness
	8.04	Existing Investments
	11.02	Certain Addresses for Notices




 


	EXHIBITS
	 
	2.01(d)(ii)	[Form of] Add-On Term Loan Lender Joinder Agreement
	2.02	[Form of] Loan Notice
	2.04(b)	[Form of] Swing Line Loan Notice
	2.05(a)	[Form of] Notice of Prepayment and/or Reduction / Termination of Commitments
	2.11(a)	[Form of] Revolving Note
	2.11(b)	[Form of] Swing Line Note
	2.11(c)	[Form of] Term A Note
	2.11(d)	[Form of] Delayed Draw Term Loan Note
	2.11(e)	[Form of] Add-On Term Note
	3.01	[Forms of] U.S. Tax Compliance Certificates (Forms 1-4)
	7.01(d)	[Form of] Compliance Certificate
	7.12–CSAG	 [Form of] Guarantor Joinder Agreement
	9.05	[Form of] Guaranteed Party Designation Notice
	11.06	[Form of] Assignment and Assumption




 


 




    	 



    	 



    

 


 



 


SECOND AMENDED AND RESTATED CREDIT AGREEMENT


 


This SECOND AMENDED
AND RESTATED CREDIT AGREEMENT is entered into as of July 12, 2018, by and among Spirit AeroSystems, Inc., a Delaware corporation
(the “Borrower”), Spirit AeroSystems Holdings, Inc., a Delaware corporation (the “Parent
Guarantor”), the other Guarantors party hereto solely at all times during the CSAG Period, the Lenders
(as defined herein), and BANK OF AMERICA, N.A., as Administrative Agent, a Swing Line Lender, an L/C Issuer and, solely
at all times during the CSAG Period, Collateral Agent.


 


The Borrower has requested
that the Lenders provide ONE BILLION TWO-HUNDRED FIFTY-SIX MILLION TWO-HUNDRED FIFTY THOUSAND DOLLARS ($1,256,250,000) in credit
facilities (as such amount may be increased or decreased pursuant to the terms hereof) for the purposes set forth herein, and
the Lenders are willing to do so on the terms and conditions set forth herein.


 


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


 


ARTICLE
I



DEFINITIONS AND ACCOUNTING TERMS


 


1.01          
Defined Terms.


 


As used in this Agreement, the following
terms shall have the meanings set forth below:


 


“2021
/ 2023 / 2028 Notes” means, collectively, those certain Senior Floating Rate Notes due 2021
in an aggregate original principal amount of Three-Hundred Million Dollars ($300,000,000), those certain 3.950% Senior Notes due
2023 in an aggregate original principal amount of Three-Hundred Million Dollars ($300,000,000), and those certain 4.600% Senior
Notes due 2028 in an aggregate original principal amount of Seven-Hundred Million Dollars ($700,000,000), in each case, issued
by the Borrower pursuant to the 2021 / 2023 / 2028 Notes Indenture.


 


“2021
/ 2023 / 2028 Notes Indenture” means that certain Indenture, dated as of May 30, 2018, by and
among the Borrower, as issuer, the Parent Guarantor, as guarantor, and the 2021 / 2023 / 2028 Notes Trustee (as amended, restated,
amended and restated, supplemented and/or otherwise modified in writing from time to time).


 


“2021
/ 2023 / 2028 Notes Trustee” means The Bank of New York Mellon Trust Company, N.A. (or any
successor thereto), in its capacity as trustee for the 2021 / 2023 / 2028 Notes.


 


“2026
Noteholders” means, collectively, as of any date of determination: (a) each Person that is a registered holder
of the 2026 Notes as of such date; and (b) the 2026 Notes Trustee.


 


“2026
Notes” means those certain 3.850% Senior Notes due 2026, issued by the Borrower pursuant to the 2026 Notes Indenture,
in an aggregate original principal amount of Three-Hundred Million Dollars ($300,000,000).


 






     


     


    

 


“2026
Notes Indenture” means that certain Indenture, dated as of June 1, 2016, by and among the Borrower, as issuer, the
guarantors party thereto, and the 2026 Notes Trustee (as amended, restated, amended and restated, supplemented and/or otherwise
modified in writing from time to time).


 


“2026
Notes Obligations” means all of the obligations of the Loan Parties under the 2026 Notes Indenture, including principal,
premium, if any, and interest on the 2026 Notes.


 


“2026
Notes Trustee” means The Bank of New York Mellon Trust Company, N.A. (or any successor thereto), in its capacity
as trustee for the 2026 Notes.


 


“737 MAX
Certification Date” means the date on which the Boeing 737 MAX aircraft is re-certified by the Federal Aviation
Administration for commercial aviation purposes.


 


“Acquisition”,
by any Person, means the acquisition by such Person, in a single transaction or in a series of related transactions, of all, or
any substantial portion, of the Property of another Person, or any division, line of business or other business unit of another
Person or at least a majority of the Voting Stock of another Person, in each case, whether or not involving a merger or
consolidation with such other Person and whether for cash, property, services, assumption of Indebtedness, securities or otherwise.


 


“Acquisition
Agreement” shall have the meaning set forth in Section 2.01(d)(ii).


 


“Acquisition
Financing Commitments” shall have the meaning set forth in Section 2.01(d)(ii).


 


“Act”
has the meaning specified in Section 11.17.


 


“Add-On
Term Loan” has the meaning specified in Section 2.01(d)(ii).


 


“Add-On
Term Loan Commitment” means, as to each Add-On Term Loan Lender, the commitment of such Add-On Term Loan
Lender to make all, or any portion, of an Add-On Term Loan hereunder pursuant to an Add-On Term Loan Lender Joinder Agreement.


 


“Add-On
Term Loan Effective Date” has the meaning specified in Section 2.01(d)(ii).


 


“Add-On
Term Loan Lender” means each of the Persons identified as an “Add-On Term Loan Lender” in any Add-On
Term Loan Lender Joinder Agreement, together with its successors and permitted assigns.


 


“Add-On
Term Loan Lender Joinder Agreement” means a joinder agreement, substantially in the form of Exhibit 2.01(d)(ii),
executed and delivered in accordance with the provisions of Section 2.01(d)(ii).


 


“Add-On
Term Loan Maturity Date” shall be as set forth in the applicable Add-On Term Loan Lender Joinder Agreement.


 


“Additional
Obligations” means all obligations arising under Guaranteed Treasury Management Agreements and Guaranteed Swap Contracts,
whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing
or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or Affiliate
thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether
such interest and fees are allowed claims in such proceeding, and reimbursement of costs and expenses as provided for under such
agreements; provided, that, Additional Obligations of any Guarantor shall exclude any Excluded Swap Obligations
with respect to such Guarantor.


 






     


     


    

 


“Administrative
Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor
administrative agent.


 


“Administrative
Agent’s Office” means the Administrative Agent’s address and, as appropriate, account
as set forth on Schedule 11.02, or such other address or account as the Administrative Agent may from time to time notify
the Borrower and the Lenders.


 


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


 


“Advance
Payment” means an advance payment, progress payment, or similar payment made to any Loan Party or Subsidiary (or
any such payment made to any joint venture in which any Loan Party or Subsidiary is a participant where all, or a portion, of
such payment is passed on or paid by the joint venture to any Loan Party or Subsidiary) in connection with a program under a commercial
or government (including defense) contract with a customer in contemplation of the future performance of services, receipt of
goods, incurrence of expenditures, or for other Property to be provided by any Loan Party or Subsidiary where the amount of such
payment is either applied to offset a portion of the purchase price for, or otherwise repaid in installments based on, future
shipset (or similar unit) deliveries, the provision of services, goods or other Property to the relevant customer (or through
such joint venture) or incurrence of expenditures, generally over a fixed number or amount of shipsets (or similar units), services,
goods or other Property, or incurrence of expenditures.


 


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


 


“Affiliate”
of any Person means any other Person which, directly or indirectly, controls, is controlled by, or is under common control with,
such Person (excluding any trustee under, or any committee with responsibility for administering, any Plan). A Person shall be
deemed to be “controlled by” any other Person if such other Person possesses, directly or indirectly, power to:


 


(a)               
vote ten percent (10.0%) or more of the securities (on a fully diluted basis) having ordinary voting power for the election
of directors or managing general partners of such Person; or


 


(b)               
direct or cause the direction of the management and policies of such Person whether by contract or otherwise.


 


“Affiliate
Transaction” has the meaning specified in Section 8.07.


 


“Agent
Parties” shall have the meaning specified in Section 11.02(c).


 


“Aggregate
Delayed Draw Term Loan Commitments” means the Delayed Draw Term Loan Commitments of all the Lenders. The aggregate
principal amount of the Aggregate Delayed Draw Term Loan Commitments in effect on the Effectiveness Date is TWO HUNDRED FIFTY
MILLION DOLLARS ($250,000,000.00).


 


“Aggregate
Revolving Commitments” means the Revolving Commitments of all the Lenders. The aggregate principal amount of the
Aggregate Revolving Commitments in effect on the Effectiveness Date is EIGHT HUNDRED MILLION DOLLARS ($800,000,000.00).


 


“Agreement”
means this Second Amended and Restated Credit Agreement.


 






     


     


    

 


“Applicable
Percentage” means, with respect to any Lender at any time: (a) with respect to such Lender’s Revolving Commitment
at any time, the percentage (carried out to the ninth (9th) decimal place) of the Aggregate Revolving Commitments represented
by such Lender’s Revolving Commitment at such time, subject to adjustment as provided in Section 2.15, provided,
that, if the commitment of each Lender to make Revolving Loans, and the obligation of each L/C Issuer to make L/C Credit
Extensions, have been terminated pursuant to Section 9.02, Section 9.03, or Section 9.04, as applicable,
or, if the Aggregate Revolving Commitments have expired, then the Applicable Percentage of each Lender shall be determined based
on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments; (b) with respect
to such Lender’s portion of the outstanding Term A Loan at any time, the percentage (carried out to the ninth (9th)
decimal place) of the outstanding principal amount of the Term A Loan held by such Lender at such time; (c) (i) with respect to
such Lender’s Delayed Draw Term Loan Commitment at any time, the percentage (carried out to the ninth (9th) decimal
place) of the Aggregate Delayed Draw Term Loan Commitments represented by such Lender’s Delayed Draw Term Loan Commitment
at such time, subject to adjustment as provided in Section 2.15, provided, that, if the commitment of each
Lender to make Delayed Draw Term Loans has been terminated pursuant to Section 9.02, Section 9.03, or Section
9.04, as applicable, or, if the Aggregate Delayed Draw Term Loan Commitments have expired, then the Applicable Percentage
of each Lender shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to
any subsequent assignments, and (ii) with respect to such Lender’s portion of the outstanding Delayed Draw Term Loans at
any time, the percentage (carried out to the ninth (9th) decimal place) of the outstanding principal amount of the
Delayed Draw Term Loans held by such Lender at such time; and (d) with respect to such Lender’s portion of any outstanding
Add-On Term Loan at any time, the percentage (carried out to the ninth (9th) decimal place) of the outstanding principal
amount of such Add-On Term Loan held by such Lender at such time. The initial Applicable Percentage of each Lender is set forth
opposite the name of such Lender on Schedule I, or in the Assignment and Assumption pursuant to which such Lender becomes
a party hereto, or in any documentation executed by such Lender in connection with an increase in the Revolving Commitments or
Add-On Term Loan pursuant to Section 2.01(d), as applicable.


 


“Applicable
Rate” means, (a) with respect to an Add-On Term Loan, the percentage(s) per annum set forth in the applicable Add-On
Term Loan Lender Joinder Agreement, and (b) with respect to Revolving Loans, the Term A Loan, Delayed Draw Term Loans, Swing Line
Loans, Letters of Credit, the Revolving Commitment Fee, and the DDTL Commitment Fee, as
applicable, (i) solely at all
times that are not during the CSAG Periodprior to
the First Amendment Effectiveness Date,
the percentages per annum set forth in the first (1st) table immediately below, based upon the applicable Credit Rating
as set forth in such table, and
(ii) solely at all times during
the CSAG Periodthat
are on or after the First Amendment Effectiveness Date but prior to the Fourth Amendment Effectiveness Date,
the percentages per annum set forth in the second (2nd) table below, based upon the applicable Credit Rating as set
forth in such table: (it
being understood that at all times during such period the Credit Ratings corresponding to Pricing Tier V were in effect, so such
Pricing Tier shall apply for such period), (iii) solely at all times that are on or after the Fourth Amendment
Effectiveness Date but prior to the Collateral and Subsidiary Guaranty Release Date, the percentages per annum set forth
in the third (3rd) table below, based upon the applicable Credit Rating as set forth in such table, and (iv)
solely
at all times that are on
or after the Collateral and Subsidiary Guaranty Release Date, the percentages per annum set forth in the fourth (4th)
table below, based upon the applicable Credit Rating as set forth in such table:


 


Solely
at all times that are not during the CSAG Periodprior
to
the First Amendment Effectiveness Date:


 






     


     


    

 



 





	Pricing
    Tier	Credit
                                         Rating

        (S&P / Moody’s)
	Revolving

    Commitment

    Fee and DDTL

    Commitment Fee	Letter
    of Credit

    Fee	Eurodollar

    Rate Loans	Base
    Rate

    Loans	 
	 
	I	≥
    BBB+ / Baa1	0.125%	1.125%	1.125%	0.125%	 
	II	BBB
    / Baa2	0.150%	1.250%	1.250%	0.250%	 
	III	BBB-
    / Baa3	0.200%	1.375%	1.375%	0.375%	 
	IV	BB+
    / Ba1	0.250%	1.625%	1.625%	0.625%	 
	V	≤
    BB / Ba2	0.300%	1.875%	1.875%	0.875%	 




 


Solely
at all times during the CSAG Periodthat
are on or after the First Amendment Effectiveness Date but prior to the Fourth Amendment Effectiveness Date:


 





	Pricing
    Tier	Credit
                                         Rating

        (S&P / Moody’s)
	Revolving

    Commitment

    Fee and DDTL

    Commitment Fee	Letter
    of Credit

    Fee	Eurodollar

    Rate Loans	Base
    Rate

    Loans	 
	 
	I	≥
    BBB+ / Baa1	0.125%	1.625%	1.625%	0.625%	 
	II	BBB
    / Baa2	0.150%	1.750%	1.750%	0.750%	 
	III	BBB-
    / Baa3	0.200%	1.875%	1.875%	0.875%	 
	IV	BB+
    / Ba1	0.300%	2.125%	2.125%	1.125%	 
	V	BB
    / Ba2	0.375%	2.375%	2.375%	1.375%	 
	VI	≤
    BB- / Ba3	0.500%	2.625%	2.625%	1.625%	 




 


Solely
at
all times that are on or after the Fourth Amendment Effectiveness Date but prior to the Collateral and Subsidiary
Guaranty Release Date:


 





	Pricing
    Tier	Credit
                                         Rating

        (S&P
        / Moody’s)
	Revolving

    Commitment

    Fee and DDTL

    Commitment Fee	Letter
    of Credit

    Fee	Eurodollar

    Rate Loans	Base
    Rate

    Loans	 
	 
	I	≥
    BBB+ / Baa1	0.250%	3.125%	3.125%	2.125%	 
	II	BBB
    / Baa2	0.275%	3.250%	3.250%	2.250%	 
	III	BBB-
    / Baa3	0.325%	3.375%	3.375%	2.375%	 
	IV	BB+
    / Ba1	0.425%	3.625%	3.625%	2.625%	 
	V	BB
    / Ba2	0.500%	3.875%	3.875%	2.875%	 
	VI	≤
    BB- / Ba3	0.625%	4.125%	4.125%	3.125%	 




 


Solely
at
all times that are on or after the Collateral and Subsidiary Guaranty Release Date:


 





	Pricing
    Tier	Credit
                                         Rating

        (S&P
        / Moody’s)
	Revolving
    Commitment

    Fee and DDTL Commitment Fee	Letter
    of Credit

    Fee	Eurodollar

    Rate Loans	Base
    Rate

    Loans	 
	 
	I	≥
    BBB+ / Baa1	0.250%	2.625%	2.625%	1.625%	 
	II	BBB
    / Baa2	0.275%	2.750%	2.750%	1.750%	 
	III	BBB-
    / Baa3	0.325%	2.875%	2.875%	1.875%	 
	IV	BB+
    / Ba1	0.375%	3.125%	3.125%	2.125%	 
	V	≤
    BB / Ba2	0.425%	3.375%	3.375%	2.375%	 




 


The
Applicable Rate prior to the First Amendment Effectiveness Date shall
be calculated based on the first (1st) table above. The Applicable Rate on the FirstFourth
Amendment Effectiveness Date shall initially shall
be based on Pricing Tier V in the secondthird
(2nd3rd)
table above.,
Thereafter, the Applicable Rate will be determined from time to time as follows: (a) solely at all times that
are not during the CSAG


 


Period, (i) if S&P and Moody’s
each provide a Credit Rating, the higher of the two (2) Credit Ratings, or (ii) if only one (1) of S&P or Moody’s
provides a Credit Rating, the Credit Rating that is provided; and (b) solely at all times during the CSAG Period,
(i) if S&P and Moody’s each provide a Credit Rating, and (A) there is a split in the Credit Ratings provided by S&P
and Moody’s of more than one (1) level, the Credit Rating that is one (1) level lower than the higher
of such Credit Ratings, or (B) there is not a split in the Credit Ratings provided by S&P and Moody’s of more
than one (1) level, the higher of such Credit Ratings, or (ii) if only one (1) of S&P or Moody’s provides
a Credit Rating, the Credit Rating that is one (1) level lower than the Credit Rating that is provided. In the event that
both S&P and Moody’s cease to provide Credit Ratings, then the Applicable Rate will be based on the last available Credit
Rating(s) until such time as the Borrower and the Lenders can negotiate, in good faith, an alternative pricing grid for determining
the Applicable Rate. Each change in the Applicable Rate resulting from a change in a Credit Rating shall be effective during the
period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date
of the next such change.


 






    


     


    

 


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


 


“Arrangers”
means, collectively, BofA Securities, Mizuho Bank, Ltd. and Citibank, together
with their respective successors and assigns.


 


“Asco”
means S.R.I.F. N.V., a Belgian public limited liability company.


 


“Asco
Acquisition” means the acquisition of Asco pursuant to that certain Agreement for the Sale and Purchase of Shares
of S.R.I.F. N.V., dated as of May 1, 2018, by and among Christian Boas, Emile Boas, DREDA, Sylvie Boas, Spirit AeroSystems Belgium
Holdings BVBA, and the Parent Guarantor, as such agreement may be amended from time to time.


 


“Asset
Sale” means any direct or indirect sale, transfer, lease, conveyance, or other disposition by any Loan Party or
Subsidiary of any of its Property, including any sale or issuance of any Equity Interests of any Subsidiary.


 


“Assignment
and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent
of any party whose consent is required by Section 11.06(b)), and accepted by the Administrative Agent, in substantially
the form of Exhibit 11.06 or any other form (including electronic documentation generated by MarkitClear or other electronic
platform) approved by the Administrative Agent.


 


“Audited
Financial Statements” means the audited consolidated balance sheet of the Parent Guarantor and its Subsidiaries
for the Fiscal Year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’
equity and cash flows for such Fiscal Year of the Parent Guarantor and its Subsidiaries, including the notes thereto, audited
by independent public accountants of recognized national standing and prepared in conformity with GAAP.


 


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


 


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


 






    


     


    

 


“Bank
of America” means Bank of America, N.A. and its successors.


 


“Bank
of America Fee Letter” means that certain Fee Letter, dated as of May 24, 2018, by and among the Borrower, BofA
Securities (successor in interest to Merrill Lynch, Pierce, Fenner & Smith Incorporated), and Bank of America.


 


“Base
Rate” means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate
plus one-half of one percent (0.50%), (b) the rate of interest in effect for such day as publicly announced from time to
time by Bank of America as its “prime rate”, and (c) the Eurodollar Rate plus one percent (1.00%); provided,
that, if the Base Rate shall be less than zero, such rate shall be deemed to
be zero for purposes of this Agreement. The “prime rate” is a rate set by Bank of America based upon various
factors, including Bank of America’s costs and desired return, general economic conditions and other factors, and is used
as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in the “prime
rate” announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement
of such change. If the Base Rate is being used as an alternate rate of interest pursuant to Section 3.03, then the Base
Rate shall be: (i) the greater of clauses (a) and (b) above; and (ii) determined without reference to clause
(c) above.


 


“Base
Rate Loan” means a Loan that bears interest based on the Base Rate.


 


“Beneficial
Ownership Certification” means a certification regarding beneficial ownership required by the Beneficial Ownership
Regulation, which certification shall be substantially similar in form and substance to the form of Certification Regarding Beneficial
Owners of Legal Entity Customers published jointly, in May 2018, by the Loan Syndications and Trading Association and Securities
Industry and Financial Markets Association.


 


“Beneficial
Ownership Regulation” means 31 C.F.R. §–1010.230, as from time to time in effect, and all official rulings
or interpretations thereunder or thereof.


 


“Benefit
Plan” means any of: (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I
of ERISA; (b) a “plan” as defined in Section 4975 of the Internal Revenue Code; or (c) any Person whose Property includes
(for purposes of ERISA Section 3(42), or otherwise for purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code)
the Property of any such “employee benefit plan” or “plan”.


 


“BHC Act
Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. §–1841(k)) of such party.


 


“Board
of Directors” means, with respect to any Person: (a) in the case of any corporation, the board of directors of such
Person; (b) in the case of any limited liability company, the board of managers, manager or managing member of such Person; (c)
in the case of any partnership, the general partner of such Person; and (d) in any other case, the functional equivalent of the
foregoing.


 


“Boeing”
means The Boeing Company.


 


“Boeing
737 MAX Program” means, collectively, those certain contractual arrangements between the Borrower and Boeing (including,
without limitation, (i) the Special Business Provisions MS–65530–0016 (Sustaining), dated as of June 16, 2005, by
and between Boeing and the Borrower (as amended from time to time), and (ii)
the General Terms Agreement (Sustaining and others), dated as of June 16, 2005, by and between Boeing and the Borrower (as amended
from time to time)) regarding the production by the Borrower of components of the 737 MAX airplane.


 






    


     


    

 


“Boeing
Agreements” means the agreements set forth on Schedule 1.01(a).


 


“BofA
Securities” means BofA Securities, Inc. and its successors and assigns.


 


“Bombardier
Acquisition” means the acquisition of the outstanding equity of Short Brothers plc and Bombardier Aerospace North
Africa SAS, and certain other assets, pursuant to that certain Agreement, dated as of October 31, 2019, by and among Bombardier,
Inc., Bombardier Aerospace UK Limited, Bombardier Finance Inc., Bombardier Services Corporation, Spirit Aerosystems Global Holdings
Limited, and the Borrower, as such agreement may be amended from time to time.


 


“Borrower”
has the meaning specified in the introductory paragraph hereto.


 


“Borrower
Materials” has the meaning specified in the last paragraph of Section 7.01.


 


“Borrowing”
means each of the following: (a) a borrowing of Swing Line Loans pursuant to Section 2.04; and (b) a borrowing consisting
of simultaneous Loans of the same Type, and, in the case of Eurodollar Rate Loans, having the same Interest Period, made by each
of the Lenders pursuant to Section 2.01.


 


“Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close
under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located, and, if such
day relates to any Eurodollar Rate Loan, means any such day that is also a London Banking Day.


 


“Capital
Lease” means, as applied to any Person, any lease of any Property by that Person as lessee which, in accordance
with GAAP, is required to be accounted for as a capital lease on the balance sheet of that Person.


 


“Capital
Lease Obligations” means all monetary or financial obligations of the Borrower and its Subsidiaries under any leasing
or similar arrangement conveying the right to use real or personal property, or a combination thereof, which, in accordance with
GAAP, would or should be classified and accounted for as Capital Leases, and the amount of such obligations shall be the capitalized
amount thereof determined in accordance with GAAP, and the stated maturity thereof shall be the date of the last payment of rent
or any other amount due under such lease prior to the first (1st) date on which such lease may be terminated by the
lessee without payment of a penalty.


 


“Cash
Collateralize” means to deposit in a Controlled Account or to pledge and deposit with, or deliver to, the Administrative
Agent, for the benefit of one (1) or more of the L/C Issuers or the Lenders, as collateral for L/C Obligations or obligations
of the Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances, or, if the Administrative
Agent and the applicable L/C Issuer shall agree in their sole discretion, other credit support, in each case, pursuant to documentation
in form and substance reasonably satisfactory to the Administrative Agent and the applicable L/C Issuer. “Cash Collateral”
shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.


 


“CERCLA”
means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended.


 






    


     


    

 


“CFC”
means a controlled foreign corporation (as defined in Section 957 of the Internal Revenue Code).


 


“Change
in Control” means:


 


(a)               
any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act)
is or becomes the beneficial owner (as defined in Rules 13d–3 and 13d–5 under the Exchange Act, provided, that,
for purposes of this clause (a), such person or group shall be deemed to have “beneficial ownership” of all
securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the
passage of time), directly or indirectly, of Voting Stock of the Parent Guarantor representing greater than thirty-five
percent (35.0%) of the voting power of the outstanding Voting Stock of the Parent Guarantor;


 


(b)               
during any period of two (2) consecutive years, individuals who, at the beginning of such period, constituted the Board
of Directors of the Parent Guarantor (together with any new directors whose election to such Board of Directors, or whose nomination
for election, was approved by a vote of a majority of the directors of the Parent Guarantor then still in office who were either
directors at the beginning of such period or whose election, or nomination for election, was previously so approved) cease, for
any reason, to constitute at least a majority of the Board of Directors of the Parent Guarantor; or


 


(c)               
at any time, the Parent Guarantor ceases to own one hundred percent (100.0%) of the Equity Interests of the Borrower.;
or


 


(d)               
the
occurrence of any “change of control” (or any other similar or analogous term) under any Material Indebtedness. 


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


 


“China
JVs” means: (a) Huarui Spirit Aerospace Manufacturing Co., Ltd.; and (b) Xizi Spirit Aerospace Industry (Zhejiang)
Ltd.


 


“Citibank”
means Citibank, N.A.


 


“Citibank
Fee Letter” means that certain Fee Letter, dated as of May 24, 2018, by and among the Borrower, the Parent Guarantor
and Citibank.


 


“Class”
means: (a) when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are Revolving Loans, Term A Loan, Delayed Draw Term Loans, Add-On Term Loan, or Swing Line Loans; (b) when used in reference to
any Commitment, refers to whether such Commitment is a Revolving Commitment, a Term A Loan Commitment, a Delayed Draw Term Loan
Commitment, or an Add-On Term Loan Commitment; and (c) when used in reference to any Lender, refers to whether such Lender is
a Revolving Lender, a Term A Lender, a Delayed Draw Term Loan Lender, or an Add-On Term Loan Lender.


 






    


     


    

 


“Collateral”
means a collective reference to all real and personal Property with respect to which Liens in favor of the Collateral Agent, for
the benefit of the Secured Parties, are granted, or purported to be granted, solely at all times during the CSAG
Period pursuant to, and in accordance with, the terms of the Collateral Documents (but, in any event, excluding any Excluded Property).


 


“Collateral
Agent” means Bank of America in its capacity as collateral agent under any of the Loan Documents, or any successor
collateral agent.


 


“Collateral
and Subsidiary Guaranty Release Date” means the first (1st) Business Day to occur after the First
Amendment Effectiveness Date on which the Borrower has delivered a certificate, duly
executed by a Responsible Officer of the Borrower: (a) certifying
that:
(a) (i) no Default or Event of Default has
occurred and is continuing on such date;, (bii) electing
to (i) effect the release of all Liens on Propertyno
Material Indebtedness incurred pursuant to Section 8.02(b)(ii) or Section 8.02(b)(xiv) of
the Loan Parties (includingand/or
Subsidiaries (or any refinancing thereof) is secured by any Liens, or, after giving effect to the release
of the Collateral)
pursuant to the in
accordance with the terms of the Collateral
Documents on such date, and (ii)
release from the Guaranty all Guarantors (other than the Parent Guarantor) on such date;
and (c) certifying thatand
Section 10.10(c), shall be secured by any Liens, and (iii) either
(iI)
the Credit Rating (A1)
is “BBB-” or higher, as determined by S&P, on such date, and (B2)
is “Baa3” or higher, as determined by Moody’s, on such date, or (iiII)
S&P and Moody’s have each confirmed in writing (which writing(s) shall be in form and substance reasonably
satisfactory to the Administrative Agent) that (A1)
the Credit Rating will be “BBB-” or higher, as determined by S&P, and (B2)
the Credit Rating will be “Baa3” or higher, as determined by Moody’s, in each case of the foregoing clauses
(ca)(iiiii)(AII)(1)
and (ca)(iiiii)(BII)(2),
after giving effect to the release of the Collateral in accordance with the terms of the Security
AgreementCollateral
Documents and Section 10.10(c) hereof.,
and (b) the
Borrower has delivered a certificate, duly executed by a Responsible Officer of the Borrower,
(i) certifying as to the matters set forth in the foregoing clause (a) and (ii) electing to (A) effect the release of the
Collateral in accordance with the terms of the Collateral Documents and Section 10.10(c) on such date, and
(B)
release from the Guaranty all Guarantors (other than the Parent Guarantor) on such date.


 


“Collateral
Documents” means a collective reference to the Security Agreement, the Mortgages, and any other security documents
as may be executed and delivered by the Loan Parties pursuant to the terms of Section 7.12, Section 7.13, Section
7.14 and Section 7.15, as applicable, as such Sections are in effect solely at all times during the CSAG
Period.


 


“Commitment”
means, as to each Lender, the Revolving Commitment of such Lender, the Term A Loan Commitment of such Lender, the Delayed Draw
Term Loan Commitment of such Lender, and/or each Add-On Term Loan Commitment of such Lender.


 


“Commodity
Exchange Act” means the Commodity Exchange Act (7 U.S.C. §–1 et seq.).


 


“Compliance
Certificate” means (a) a certificate substantially in the form of Exhibit 7.01(d), or (b) a Pro Forma Compliance
Certificate, as applicable.


 


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


 


“Consolidated
Amortization Expense” means, for any Test Period or other measurement period, the amortization expense of the Parent
Guarantor and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, plus, to the
extent not already included in such amortization expense, the amortization of certain intangibles that are recorded as contra-revenues,
in each case, determined on a consolidated basis in accordance with GAAP.


 






    


     


    

 


“Consolidated
Depreciation Expense” means, for any Test Period or other measurement period, the depreciation expense of the Parent
Guarantor and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.


 


“Consolidated
Secured Credit Facility Indebtedness” means, solely at all times during the CSAG Period, the aggregate
principal amount of Indebtedness then outstanding under this Agreement, including, without limitation, all accrued and unpaid
interest on the Loans and any other fees due hereunder, plus, to the extent not otherwise included therein, the L/C Obligations.


 


“Consolidated
EBITDA” means, for any Test Period or other measurement period, Consolidated Net Income for such period, adjusted
by:


 


(a)               
adding thereto, in each case, solely to the extent deducted in determining such Consolidated Net Income (and
without duplication):


 


(i)                       
Consolidated Interest Expense for such period;


 


(ii)                       
Consolidated Amortization Expense for such period;


 


(iii)                       
Consolidated Depreciation Expense for such period;


 


(iv)                       
Consolidated Tax Expense for such period;


 


(v)                       
the aggregate amount of all other non-cash charges reducing Consolidated Net Income (excluding any non-cash charge
that is expected to be paid in cash in any future period, unless the Parent Guarantor determines to add back such charge, in which
case, the cash amounts in respect of which such charge was made will be deducted from Consolidated EBITDA in the periods when
paid) in such period;


 


(vi)                       
any (A) expenses or charges related to any issuance of Equity Interests, any acquisition, investment, Asset Sale, or the
incurrence or repayment of Indebtedness, including refinancing thereof (in each case, to the extent permitted hereunder and whether
or not consummated), (B) unusual or non-recurring charges deducted in such period in computing Consolidated Net Income, and (C)
restructuring and business optimization charges, accruals or reserves, including any system implementation costs, costs related
to the closure, relocation, reconfiguration and/or consolidation of facilities, and costs to relocate employees, retention charges,
severance, contract termination costs, transition and other duplicative running costs; provided, that, all amounts
added back to “Consolidated EBITDA” pursuant to this clause (a)(vi) shall not exceed, (I) solely
at all times during the FCR Period, together with all amounts added back to “Consolidated EBITDA”
pursuant to clause (a)(vii) below, Seventy-FiveOne-Hundred
Million Dollars ($75,000,000100,000,000)
during the FCR Period, and (II) solely at all times that are not during the FCR Period, Fifty Million Dollars
($50,000,000) per Fiscal Year;


 






    


     


    

 


(vii)                       
“run-rate” cost savings in connection with a Permitted Acquisition, Investment permitted hereunder, Asset Sale
permitted hereunder, or other cost-saving initiative projected by the Borrower in good faith to result from specified actions
taken, committed to be taken, or expected in good faith to be taken, no later than twelve (12) months after the
end of such Test Period or other measurement period, calculated on a Pro Forma Basis after giving effect thereto, net of the amount
of actual benefits realized during such period from such actions; provided, that, (A) such cost savings are reasonably
identifiable and factually supportable and certified by a Financial Officer of the Borrower (it is understood and agreed that
 “run-rate” means the full recurring benefit for a period that is associated with any action taken, or expected to
be taken, in each case, net of the amount of actual benefits realized during such period from such actions to the extent already
included in Consolidated Net Income for such period), and (B) all amounts added back to “Consolidated EBITDA”
pursuant to this clause (a)(vii) shall not exceed, (I) solely at all times during the FCR Period,
together with all amounts added back to “Consolidated EBITDA” pursuant to clause (a)(vi) above, Seventy-FiveOne-Hundred
Million Dollars ($75,000,000100,000,000)
during the FCR Period, and (II) solely at all times that are not during the FCR Period, Fifty Million Dollars
($50,000,000) during the term of this Agreement;


 


(viii)                       
(A) solely with respect to the Fiscal Year ending December 31, 2018, all fees, costs and expenses incurred in connection
with the transactions contemplated by this Agreement, to the extent that such fees, costs and expenses are deducted in such period
in computing Consolidated Net Income; and (B) all fees, costs and expenses incurred in connection with the transactions contemplated
by the First Amendment, to the extent that such fees, costs and expenses are deducted in such period in computing Consolidated
Net Income;


 


(ix)                       
any non-cash impairment of goodwill, intangibles, or other Property in such period;


 


(x)                       
non-cash compensation expenses, or other non-cash expenses or charges, arising from the sale of stock, the granting of
stock options, the granting of stock appreciation rights and similar arrangements (including any repricing, amendment, modification,
substitution or change of any such stock, stock option, stock appreciation rights or similar arrangements) in such period; and


 


(xi)                       
forward loss charges from a prior period in accordance with GAAP, in an
aggregate amount not to exceed Five-Hundred Million Dollars ($500,000,000) during the term of this Agreement; and


 


(b)               
subtracting therefrom, in each case, solely to the extent added in determining such Consolidated Net Income
(and without duplication):


 


(i)                       
the aggregate amount of all non-cash items increasing Consolidated Net Income (other than (A) the accrual of revenue,
reversal of deferred revenues or advance payments or recording of receivables in the ordinary course of business, and (B) the
reversal of an accrual of a reserve referred to in the parenthetical to clause (a)(v) above) for such period; and


 


(ii)                       
unusual and non-recurring gains included in calculating Consolidated Net Income for such period.


 


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


 






    


     


    

 


“Consolidated
Interest Expense” means, for any Test Period or other measurement period, with respect to the Parent Guarantor and
its Subsidiaries on a consolidated basis, the sum of:


 


(a)               
gross interest expense for such period, including: (i) the amortization of debt discounts; (ii) the amortization of all
fees (including fees with respect to Swap Contracts) payable in connection with the incurrence of Indebtedness to the extent included
in interest expense; and (iii) the portion of any payments or accruals with respect to Capital Lease Obligations allocable to
interest expense; and


 


(b)               
capitalized interest.


 


“Consolidated
Net Income” means, for any Test Period or other measurement period, the net income or loss of the Parent Guarantor
and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, provided, that,
there shall be excluded therefrom, without duplication:


 


(i)                       
the income or loss of any Person (other than consolidated Subsidiaries of the Parent Guarantor) in which any other Person
(other than any Loan Party or Subsidiary) has a joint interest, except to the extent of the amount of dividends or other distributions
actually paid to any Loan Party or Subsidiary by such Person during such period;


 


(ii)                       
the cumulative effect of a change in accounting principles during such period;


 


(iii)                       
any net after-tax income (loss) from discontinued operations, and any net after-tax gains or losses on disposal
of discontinued operations; and


 


(iv)                       
any (A) unusual and infrequent gain (or unusual and infrequent loss) realized during such period by any Loan Party or Subsidiary,
or (B) gain (or loss) realized during such period by any Loan Party or Subsidiary upon an Asset Sale (other than Asset Sales in
the ordinary course of business), in each case of the foregoing clauses (iv)(A) and (iv)(B), together with any related
provision for taxes on any such gain (or the tax effect of any such loss), recorded or recognized by any Loan Party or Subsidiary
during such period.


 


“Consolidated
Tax Expense” means, for any Test Period or other measurement period, the tax expense of the Parent Guarantor and
its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.


 


“Consolidated
Total Assets” means, at any time, the total assets of the Parent Guarantor and its Subsidiaries determined in accordance
with GAAP, as of the last day of the Fiscal Quarter most recently ended prior to the date of such determination for which financial
statements have been (or are required to have been) delivered to the Administrative Agent pursuant to Section 7.01(a) or
Section 7.01(b), in each case, calculated on a Pro Forma Basis.


 


“Control
Agreement” means a control agreement among one (1) or more Loan Parties, a depository bank, a securities intermediary
or a commodity intermediary, as the case may be, and the Collateral Agent, in form and substance reasonably acceptable to the
Collateral Agent.


 


“Controlled
Account” means each deposit account and securities account that is subject to an account control agreement, in form
and substance reasonably satisfactory to the Administrative Agent and the applicable L/C Issuer.


 


“Covered
Party” has the meaning specified in Section 11.20.


 


“Credit
Extension” means each of the following: (a) a Borrowing; and (b) an L/C Credit Extension.


 






    


     


    

 


“Credit
Rating” means the senior unsecured rating, corporate family rating, or corporate credit rating (or substantially
equivalent rating) of the Borrower provided by S&P and/or Moody’s, as applicable.


 


“CSAG
Period” means the period from, and including, the First Amendment Effectiveness Date to, but excluding, the Collateral
and Subsidiary Guaranty Release Date.


 


“DDTL
Commitment Fee” has the meaning specified in Section 2.09(b).


 


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


 


“Default”
means any event or condition that constitutes an Event of Default, or that, with the giving of any notice, the passage of time,
or both, would be an Event of Default.


 


“Default
Rate” means: (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal
to (i) the Base Rate, plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans, plus (iii) two percent
(2.00%) per annum, provided, that, with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest
rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan, plus two percent (2.00%)
per annum, in each case, to the fullest extent permitted by applicable Laws; and (b) when used with respect to Letter of Credit
Fees, a rate equal to the Applicable Rate applicable to Letters of Credit, plus two percent (2.00%) per annum.


 


“Defaulting
Lender” means, subject to Section 2.15(b), any Lender that (a) has failed to (i) fund all, or any portion,
of its Loans within two (2) Business Days of the date on which such Loans were required to be funded hereunder, unless such Lender
notifies the Administrative Agent and the Borrower, in writing, that such failure is the result of such Lender’s determination
that one (1) or more conditions precedent to funding (each of which conditions precedent, together with any applicable default,
shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any L/C Issuer,
any Swing Line Lender, or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation
in Letters of Credit or Swing Line Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the
Administrative Agent, each L/C Issuer, or each Swing Line Lender in writing that it does not intend to comply with its funding
obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such
Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination
that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically
identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written
request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it
will comply with its prospective funding obligations hereunder (provided, that, such Lender shall cease to be a
Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and
the Borrower), or (d) after the date of this Agreement, has, or has a direct or indirect parent company that has (other than via
an Undisclosed Administration), (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it
a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with
reorganization or liquidation of its business or Property, including the Federal Deposit Insurance Corporation or any other state
or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided, that,
a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interests in that
Lender, or any direct or indirect parent company thereof, by a Governmental Authority, so long as such ownership interest does
not result in or provide such Lender with immunity from the jurisdiction of courts within the United States, or from the
enforcement of judgments or writs of attachment on its Property, or permit such Lender (or such Governmental Authority) to reject,
repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent
that a Lender is a Defaulting Lender under any one (1) or more of clauses (a) through (d) above, and of the effective
date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting
Lender (subject to Section 2.15(b)) as of the date established therefore by the Administrative Agent in a written notice
of such determination, which notice shall be delivered by the Administrative Agent to the Borrower, each L/C Issuer, each Swing
Line Lender, and each other Lender promptly following such determination.


 






    


     


    

 


“Delayed
Draw Term Loan” has the meaning specified in Section 2.01(c). As of the First Amendment Effectiveness Date,
the aggregate outstanding amount of all Delayed Draw Term Loans was Two Hundred Forty-Three Million Seven Hundred Fifty Thousand
Dollars ($243,750,000).


 


“Delayed
Draw Term Loan Availability Period” means, with respect to the Delayed Draw Term Loan Commitments, the period from,
and including, the Effectiveness Date to the earliest of: (a) January 12, 2019 (the “Initial DDTL Availability
Expiration Date”), provided, that, (i) the Initial DDTL Availability Expiration Date may be extended
once, upon written request from the Borrower to the Administrative Agent prior to the Initial DDTL Availability Expiration Date,
from the Initial DDTL Availability Expiration Date to the date that is three (3) months after the Initial DDTL Availability Expiration
Date (the “First Extended DDTL Availability Expiration Date”; and such three (3) month period, the “First
Extension Period”), subject to the Borrower’s payment to the Delayed Draw Term Loan Lenders of a fee (to be
allocated ratably in accordance with their respective Commitments thereunder) in an amount equal to two and one-half basis points
(0.025%) of the undrawn Aggregate Delayed Draw Term Loan Commitments as of the Initial DDTL Availability Expiration Date, and
(ii) the Initial DDTL Availability Expiration Date, as extended by the First Extended DDTL Availability Expiration Date, may be
extended once, upon written request from the Borrower to the Administrative Agent prior to the First Extended DDTL Availability
Expiration Date, from the First Extended DDTL Availability Expiration Date to the date that is three (3) months after the First
Extended DDTL Availability Expiration Date (the “Second Extended DDTL Availability Expiration Date”;
and such three (3) month period, the “Second Extension Period”), subject to the Borrower’s payment
to the Delayed Draw Term Loan Lenders of a fee (to be allocated ratably in accordance with their respective Commitments thereunder)
in an amount equal to two and one-half basis points (0.025%) of the undrawn Aggregate Delayed Draw Term Loan Commitments as of
the First Extended DDTL Availability Expiration Date; (b) the date of termination of the Aggregate Delayed Draw Term Loan Commitments
pursuant to Section 2.06; and (c) the date of termination of the commitment of each Lender to make Loans pursuant to Section
9.02, Section 9.03 or Section 9.04, as applicable.


 


“Delayed
Draw Term Loan Borrowing” means a Borrowing consisting of simultaneous Delayed Draw Term Loans of the same Type,
and, in the case of Eurodollar Rate Loans, having the same Interest Period, made by each of the Delayed Draw Term Loan Lenders
pursuant to Section 2.01(c).


 


“Delayed
Draw Term Loan Commitment” means, as to each Delayed Draw Term Loan Lender, its obligation to make its portion of
each Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such
Lender’s name on Schedule I or in the Assignment and Assumption pursuant to which such Delayed Draw Term Loan Lender
becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. As
of the First Amendment Effectiveness Date, the aggregate amount of the Delayed Draw Term Loan Lenders’ Delayed Draw Term
Loan Commitments available to be drawn was Zero Dollars ($0.00).


 


“Delayed
Draw Term Loan Lender” means, at any time: (a) so long as any Delayed Draw Term Loan Commitment is in effect,
any Lender that has a Delayed Draw Term Loan Commitment at such time; or (b) if the Delayed Draw Term Loan Commitments have
terminated or expired, any Lender that has a Delayed Draw Term Loan.


 






    


     


    

 


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


 


“Designated
Transaction” means one (1) or more related Acquisitions and/or Investments, or a series of related Acquisitions
and/or Investments consummated within a period of six (6) consecutive months, and designated by the Borrower in writing to the
Administrative Agent, prior to the end of the Fiscal Quarter in which such related Acquisition and/or Investment, or such related
series thereof, as applicable, is made, as a “Designated Transaction”, the total cash and non-cash consideration
(including any assumption of Indebtedness, deferred purchase price, earn-out obligations and equity consideration) and/or contributed
cash and Property for which shall exceed One-Hundred Fifty Million Dollars ($150,000,000).


 


“Discontinuance
Event” means, with respect to any contract with a commercial or government (including defense) customer providing
for Advance Payments, the occurrence of either (a) a termination of the program specified in such contract in respect of which
such Advance Payments were made, or (b) a termination of such contract, in each case of the foregoing clauses (a) and (b),
which results in a requirement under such contract for any Loan Party or Subsidiary to repay the outstanding balance of any Advance
Payments received thereunder.


 


“Disqualified
Capital Stock” means any Equity Interest which, by its terms (or by the terms of any security into which it is convertible,
or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an
optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or
is redeemable at the option of the holder thereof, in whole or in part, on or prior to the date that is six (6) months following
the Final Maturity Date, (b) is convertible into, or exchangeable (unless at the sole option of the issuer thereof) for, (i) debt
securities, or (ii) any Equity Interests referred to in clause (a) above, in each case, at any time on or prior to the
date that is six (6) months following the Final Maturity Date, or (c) contains any repurchase obligation (other than repurchase
obligations with respect to the Parent Guarantor’s common Equity Interests issued to employees, officers and directors of
the Loan Parties and Subsidiaries upon death, disability, retirement, severance or termination of employment or service) which
may come into effect prior to payment in full of all Obligations (other than contingent indemnification obligations under the
Loan Documents that are not then due or claimed); provided, that, any Equity Interests that would not constitute
Disqualified Capital Stock, but for provisions thereof giving holders thereof (or the holders of any security into, or for which,
such Equity Interests is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such Equity
Interests upon the occurrence of a change in control or Asset Sale occurring prior to the date that is six (6) months following
the Final Maturity Date, shall not constitute Disqualified Capital Stock, if such Equity Interests provide that the issuer
thereof will not redeem any such Equity Interests pursuant to such provisions prior to the repayment in full of the Obligations
(other than contingent indemnification obligations under the Loan Documents that are not then due or claimed).


 


“Dollar”
and “$” mean lawful money of the United States.


 


“Domestic
Subsidiary” means any Subsidiary that is organized under the Laws of any state of the United States or the District
of Columbia.


 


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


 






    


     


    

 


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


 


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


 


“Effectiveness
Date” means July 12, 2018.


 


“Eligible
Assignee” means any Person that meets the requirements to be an assignee under Section 11.06(b)(iii) and
Section 11.06(b)(v) (subject to such consents, if any, as may be required under Section 11.06(b)(iii)).


 


“Environment”
means ambient air, surface water and groundwater (including potable water, navigable water and wetlands), the land surface or
subsurface strata, natural resources such as flora and fauna, or as otherwise defined in any applicable Environmental Law.


 


“Environmental
Laws” means all applicable Laws which: (a) regulate, or relate to, pollution or the protection, including, without
limitation, any Remedial Action, of the environment or human health (to the extent relating to exposure to Hazardous Materials);
(b) the use, generation, distribution, treatment, storage, transportation, handling, disposal or release of Hazardous Materials;
(c) the preservation or protection of waterways, groundwater, drinking water, air, wildlife, plants or other natural resources;
or (d) impose liability or provide for damages with respect to any of the foregoing, including the Federal Water Pollution Control
Act (33 U.S.C. §–1251 et seq.), Resource Conservation & Recovery Act (42 U.S.C. §–6901
et seq.), Safe Drinking Water Act (21 U.S.C. § 349, 42 U.S.C. §§–201, 300f),
Toxic Substances Control Act (15 U.S.C. §–2601 et seq.), Clean Air Act (42 U.S.C. §–7401
et seq.), and Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. §–9601
et seq.), or any other similar applicable Law of similar effect, each as amended.


 


“Environmental
Liability” means any liability, contingent or otherwise (including, but not limited to, any liability for damages,
natural resource damage, costs of Remedial Action, administrative oversight costs, fines, penalties or indemnities), of any Loan
Parties or Subsidiaries, directly or indirectly resulting from, or based upon: (a) violation of any Environmental Law; (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials; (c) exposure to any Hazardous
Materials; or (d) the Release, or threatened Release, of any Hazardous Materials.


 


“Environmental
Permit” means any permit, approval, authorization, certificate, license, variance, filing or permission required
by or from any Governmental Authority pursuant to any Environmental Law.


 


“Equity
Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit
interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares
of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into, or exchangeable
for, shares of capital stock of (or other ownership or profit interests in) such Person, or warrants, rights or options for the
purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests
in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such
shares, warrants, options, rights or other interests are outstanding on any date of determination. Notwithstanding
anything to the contrary in the foregoing and for the avoidance of doubt, “Equity Interests” shall not
include any Permitted Convertible / Exchangeable Indebtedness, any Permitted Bond Hedge Transactions, or any Permitted Warrant
Transactions.


 






    


     


    

 


“Equity
Rights” means all securities convertible into, or exchangeable for, Equity Interests, and all warrants, options,
and/or other rights to purchase,
or subscribe for,
any Equity Interests, whether or not presently convertible, exchangeable or exercisable, but excluding debt securities
convertible into,
or exchangeable into any such equityfor,
Equity Interests.


 


“ERISA”
means the Employee Retirement Income Security Act of 1974.


 


“ERISA
Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower within
the meaning of Section 414(b) or (c) of the Internal Revenue Code (and Sections 414(m) and (o) of the Internal Revenue Code, for
purposes of provisions relating to Section 412 of the Internal Revenue Code).


 


“ERISA
Event” means: (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of the Borrower or any ERISA
Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial
employer”, as defined in Section 4001(a)(2) of ERISA, or a cessation of operations that is treated as such a withdrawal
under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer
Plan; (d) the filing of a notice of intent to terminate, or the treatment of a Pension Plan amendment as a termination, under
Sections 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or
condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer,
any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan, or a plan in endangered or critical
status within the meaning of Sections 430 and 432 of the Internal Revenue Code or Sections 303 and 305 of ERISA; (h) the imposition
of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon
the Borrower or any ERISA Affiliate; or (i) a failure by the Borrower or any ERISA Affiliate to meet all applicable requirements
under the Pension Funding Rules in respect of a Pension Plan, whether or not waived, or the failure by the Borrower or any ERISA
Affiliate to make any required contribution to a Multiemployer Plan.


 


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


 


“Eurodollar
Base Rate” means:


 


(a)               
for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to the London Interbank Offered
Rate (“LIBOR”), or a comparable or successor rate which rate is approved by the Administrative Agent,
as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations, as
may be designated by the Administrative Agent from time to time) (in such case, the “LIBOR Rate”), at
or about 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, for Dollar deposits
(for delivery on the first (1st) day of such Interest Period) with a term equivalent to such Interest Period; and


 






    


     


    

 



 


(b)                for
any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the LIBOR Rate, at or
about 11:00 a.m., London time, two (2) Business Days prior to such date, for Dollar deposits with a term of one (1) month
commencing that day; provided, that: (i) (A) to the extent that a
comparable or successor rate is approved by the Administrative Agent pursuant to Section 3.03, the approved rate shall
be applied in a manner consistent with market practice, and (B) to the extent that
such market practice referred to in clause (i)(A) of this proviso is not administratively feasible for the
Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the
Administrative Agent; and (ii) (A)
at any time that is prior to the termination of all Specified Swap Contracts, if the Eurodollar Base Rate
shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.,
and (B) at any time that is after the termination of all Specified Swap Contracts, if the Eurodollar Base Rate shall
be less than three quarters of one percent (0.75%), such rate shall be deemed to be three quarters of one percent
(0.75%) for purposes of this Agreement.


 


“Eurodollar
Rate” means: (a) for any Interest Period with respect to any Eurodollar Rate Loan, a rate per annum determined by
the Administrative Agent to be equal to the quotient obtained by dividing (i) the Eurodollar Base Rate for such Eurodollar
Rate Loan for such Interest Period, by (ii) one (1), minus the Eurodollar Reserve Percentage for such Eurodollar
Rate Loan for such Interest Period; and (b) for any day with respect to any Base Rate Loan bearing interest at a rate based on
the Eurodollar Rate, a rate per annum determined by the Administrative Agent to be equal to the quotient obtained by dividing
(i) the Eurodollar Base Rate for such Base Rate Loan for such day, by (ii) one (1), minus the Eurodollar Reserve
Percentage for such Base Rate Loan for such day.


 


“Eurodollar
Rate Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar
Rate” above.


 


“Eurodollar
Reserve Percentage” means, for any day during any Interest Period, the reserve percentage (expressed as a decimal,
carried out to five (5) decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued
from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal
reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The
Eurodollar Rate for each outstanding Eurodollar Rate Loan, and for each outstanding Base Rate Loan the interest on which is determined
by reference to the Eurodollar Rate, in each case, shall be adjusted automatically as of the effective date of any change in the
Eurodollar Reserve Percentage.


 


“Event
of Default” has the meaning specified in Section 9.01.


 


“Event
of Termination” has the meaning specified in Section 9.01.


 


“Excluded
Accounts” means: (a) (i) deposit and/or securities accounts of the Loan Parties used for payroll, (ii) accounts
maintained in trust for the benefit of third parties and fiduciary purposes, (iii) escrow, defeasance, discharge and redemption
accounts (including any relating to a satisfaction and discharge of Indebtedness), (iv) disbursement accounts as part of a zero
balance system, (v) employee benefit accounts (including 401(k) accounts and pension fund accounts), and (vi) new market tax credit
accounts, in each case of the foregoing clauses (a)(i) through (a)(v), so long as such account is used solely
for such designated purpose; and (b) any deposit and/or securities account maintained in a jurisdiction outside of the United
States.


 


“Excluded
Property” means, solely at all times during the CSAG Period, with respect to any Loan Party:


 


(a)               
any owned or leased Real Property with a fair market value (as reasonably determined by the Borrower in consultation with
the Collateral Agent) of less than Ten Million Dollars ($10,000,000) as of the First Amendment Effectiveness Date, or,
with respect to any Real Property acquired by any Loan Party after the First Amendment Effectiveness Date, at the time
of such acquisition;


 






     


     


    

 


(b)               
any owned or leased Real Property which is located in a jurisdiction outside of the United States;


 


(c)               
any Principal Properties (whether owned or leased);


 


(d)               
any Real Property that is or becomes subject to: (i) restrictions relating to a classified program; or (ii) contractual
or governmental limitations on the grant of security (or for which the recording of a mortgage would trigger a purchase or other
preferential right in favor of a third-party), it being understood and agreed that, as of the First Amendment Effectiveness Date,
none of the Real Properties listed on Schedule 6.10–CSAG–RP is subject to any such restrictions or undertakings;


 


(e)               
any intellectual property for which a perfected Lien thereon is not effected either by: (i) the filing of a UCC
financing statement; or (ii) notice of such Lien being filed in either the United States Copyright Office or the United States
Patent and Trademark Office;


 


(f)                
any personal Property (other than (i) personal Property described in clause (e) above, and (ii) personal Property
consisting of deposit accounts, securities accounts and commodities accounts) for which the attachment or perfection of a Lien
thereon is not governed by the UCC;


 


(g)               
any personal Property which is located in a jurisdiction outside of the United States, including, without limitation, any
intellectual property registered with, or pending before, any Governmental Authority or registrar of any jurisdiction outside
of the United States;


 


(h)               
the Equity Interests of any Foreign Subsidiary or FSHCO that is directly owned by such Loan Party, other than (i) sixty-five
percent (65.0%) (or such lesser percentage as is owned by such Loan Party) of the issued and outstanding Equity Interests entitled
to vote (within the meaning of Treasury Regulations Section 1.956–2(c)(2)), and (ii) one-hundred percent (100.0%) (or such
lesser percentage as is owned by a Loan Party) of the issued and outstanding Equity Interests not entitled to vote (within
the meaning of Treasury Regulations Section 1.956–2(c)(2)), in each case of the foregoing clauses (h)(i) and (h)(ii),
of each First-Tier Foreign Subsidiary (other than any Immaterial Foreign Subsidiary) that is directly owned by such Loan Party;


 


(i)                
the Equity Interests of any Subsidiary of such Loan Party solely to the extent that the pledge of such Equity Interests
pursuant to the Collateral Documents would require the Parent Guarantor to file separate consolidated financial statements for
such Subsidiary with the SEC (or other applicable federal Governmental Authority) pursuant to the S–X Filing Regulation
(or other applicable federal Law) (including, for purposes of clarity and without limitation, the Equity Interests of the Borrower
as of the First Amendment Effectiveness Date);


 


(j)                
the Equity Interests of any Subsidiary of such Loan Party, solely if, and to the extent that, such Subsidiary: (i)
is a Restricted Subsidiary (as defined in the 2021 / 2023 / 2028 Notes Indenture as in effect on the First Amendment Effectiveness
Date); (ii) is an Immaterial Foreign Subsidiary; (iii) is an FSHCO; (iv) is not a Wholly Owned Subsidiary of the Parent
Guarantor, other than any Subsidiary that (A) is a Wholly Owned Subsidiary as of the time that such Subsidiary’s Equity
Interests become subject to a security interest in favor of the Collateral Agent, and (B) subsequently becomes a non-Wholly Owned
Subsidiary; (v) is a captive insurance company; (vi) is a special purpose entity; or (vii) is a not-for-profit entity;


 






     


     


    

 


(k)               
any Property which is subject to a Capital Lease Obligation permitted hereunder, pursuant to documents which prohibit such
Loan Party from granting Liens on such Property pursuant to the Collateral Documents;


 


(l)                
Excluded Accounts;


 


(m)             
motor vehicles and other personal Property subject to certificates of title, solely if, and to the extent that,
a Lien thereon cannot be perfected by the filing of a UCC financing statement;


 


(n)               
letter of credit rights with an individual value of less than Ten Million Dollars ($10,000,000), solely if,
and to the extent that, a Lien thereon cannot be perfected by the filing of a UCC financing statement;


 


(o)               
commercial tort claims with an individual value of less than Ten Million Dollars ($10,000,000), solely if,
and to the extent that, a Lien thereon cannot be perfected by the filing of a UCC financing statement;


 


(p)                any
personal Property for which, solely if, and for so long as, a pledge thereof, or the granting of a security interest
therein, (i)
is prohibited by, or would violate, any applicable Laws, or would require the consent or approval of any Governmental
Authority,
or other third party(ii)
would require the consent or approval of a third party (other than a Governmental Authority), so long as such consent or
approval right arises under an agreement in effect (A) on the Fourth Amendment Effectiveness Date, or (B) on the date on
which such personal Property is acquired (other than any such agreement entered into, or right of consent or approval
created, in contemplation of this Agreement in order that an asset would constitute “Excluded Property”),
in each case, unless such prohibition or requirement would be rendered ineffective with respect to the creation of
a security interest pursuant to Sections 9–406, 9–407 or 9–409 of the UCC; provided, that,
such Property (or any portion thereof) shall cease to constitute “Excluded Property” at such time as such
prohibition or requirement shall no longer be applicable;


 


(q)               
margin stock;


 


(r)                
any lease, license or other agreements, or any Property subject to a purchase money security interest, Capital Lease or
similar arrangements (in each case, to the extent permitted under the Loan Documents), solely if, and for so long as, a
pledge thereof, or the granting of a security interest therein, would violate or invalidate such lease, license or agreement,
purchase money, Capital Lease or similar arrangement, or create a right of termination in favor of any other party thereto (other
than any Loan Party or Subsidiary) (other than any such agreement executed, arrangement entered into, or right of termination
created, in contemplation of this Agreement in order that an asset would constitute “Excluded Property”), in
each case, after giving effect to the applicable anti-assignment clauses of the UCC and applicable Laws, other than the proceeds
and receivables thereof, the assignment of which is expressly deemed effective under applicable Laws notwithstanding such prohibition;
provided, that, such Property (or any portion thereof) shall cease to constitute “Excluded Property”
at such time as such prohibition or limitation shall no longer be applicable;


 


(s)                
any intent-to-use trademark or service mark application in the United States prior to the filing of a “Statement
of Use” or “Amendment to Allege Use” with respect thereto, solely to the extent, if any, that, and solely
at all times during the period, if any, during which, the grant, attachment, or enforcement of a security interest
therein would impair the validity or enforceability of such intent-to-use trademark or service mark application, or any trademark
or service mark issuing therefrom, in each case, under applicable federal Laws;


 






     


     


    

 


(t)                
any personal Property for which a pledge thereof, or the granting of a security interest therein, would result in material
adverse tax consequences to the Parent Guarantor and its Subsidiaries, in each case, as reasonably determined in good faith by
the Borrower in consultation with the Collateral Agent;


 


(u)               
any personal Property for which the Collateral Agent and the Borrower have determined, in their reasonable judgment, that
the cost or burden (including, without limitation, regulatory burdens) of creating or perfecting such pledges or security interests
therein would be excessive in light of the benefits to be obtained therefrom by the Secured Parties; and


 


(v)               
any Property to the extent the grant of a security interest therein would violate or be inconsistent with restrictions
applicable under a classified program, any national security Law, policy, guideline or program or is otherwise not permitted by
applicable Governmental Authorities or officials on the basis of national security policy or concerns;


 


provided, that,
notwithstanding anything to the contrary in the foregoing, “Excluded Property” shall not include, and
the Collateral shall include, and the security interest granted in the Collateral shall attach to: (A) all proceeds, substitutions
or replacements of any such excluded items referred to in clauses (a) through (v) above, unless such proceeds, substitutions
or replacements would constitute any of such excluded items; and (B) all rights to payment due, or to become due, under any such
excluded items referred to in clauses (a) through (v) above, unless such rights to payment would constitute any
of such excluded items referred to in clauses (a) through (v) above.


 


“Excluded
Subsidiary” means: (a) any Immaterial Subsidiary; (b) any Subsidiary that is prohibited by applicable Law, or by
any contractual obligation existing on the First Amendment Effectiveness Date or on the date on which any such Subsidiary is acquired
(so long as, in respect of any such contractual prohibition, such prohibition is not incurred in contemplation of such
Acquisition in order to avoid the requirement to provide a Guaranty pursuant to Article IV) from Guaranteeing the payment
of the Obligations, or which would require the consent, approval, license, or authorization from any Governmental Authority to
provide a Guaranty, unless such consent, approval, license or authorization has been obtained (it being understood and agreed
that the Loan Parties shall use commercially reasonable efforts to obtain such consent, approval, license or authorization), or
for which the provision of a Guaranty would reasonably be expected to result in material adverse tax consequences to the Parent
Guarantor and its Subsidiaries, in each case, as reasonably determined in good faith by the Borrower in consultation with the
Collateral Agent; (c) any Foreign Subsidiary; (d) any FSHCO; (e) any not-for-profit Subsidiary, captive insurance Subsidiary,
or special purpose entity; (f) any Subsidiary that is not a Wholly Owned Subsidiary, other than any Subsidiary that (i)
is a Wholly Owned Subsidiary as of the time that such Subsidiary becomes a Guarantor hereunder, and (ii) subsequently becomes
a non-Wholly Owned Subsidiary; and (g) any Subsidiary for which the Collateral Agent and the Borrower have determined, in their
reasonable judgment, that the cost or burden of providing such a Guarantee would be excessive in light of the benefits to be obtained
therefrom by the Lenders. “Excluded Swap Obligation” means, with respect to any Guarantor, any Swap
Obligation if, and to the extent that, all, or a portion, of the Guaranty of such Guarantor of such Swap Obligation (or any Guarantee
thereof) is or becomes illegal under the Commodity Exchange Act, or any rule, regulation or order of the Commodity Futures Trading
Commission (or the application or official interpretation of any thereof), by virtue of such Guarantor’s failure, for any
reason, to constitute an “eligible contract participant” as defined in the Commodity Exchange Act (determined after
giving effect to Section 4.08 and any and all Guarantees of such Guarantor’s Swap Obligations by the Borrower) at
the time the Guaranty of such Guarantor becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under
a Master Agreement governing more than one (1) Swap Contract, such exclusion shall apply to only the portion of such Swap
Obligation that is attributable to Swap Contracts for which such Guaranty is or becomes illegal.


 






     


     


    

 


“Excluded
Taxes” means any of the following Taxes imposed on, or with respect to, any Recipient, or required to be withheld
or deducted from a payment to a Recipient: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes,
and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the Laws of, or having
its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any
political subdivision thereof), or (ii) that are Other Connection Taxes; (b) in the case of a Lender, U.S. federal withholding
Taxes imposed on amounts payable to, or for the account of, such Lender with respect to an applicable interest in a Loan or Commitment,
pursuant to a Law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than
pursuant to an assignment request by the Borrower under Section 11.13), or (ii) such Lender changes its Lending Office,
except, in each case of the foregoing clauses (b)(i) and (b)(ii), to the extent that, pursuant to Section 3.01(a)(ii)
or Section 3.01(c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately
before such Lender became a party hereto, or to such Lender immediately before it changed its Lending Office; (c) Taxes attributable
to such Recipient’s failure to comply with Section 3.01(e); and (d) any U.S. federal withholding Taxes imposed under
FATCA.


 


“Existing
Credit Agreement” means that certain Amended and Restated Credit Agreement, dated as of June 6, 2016 (as amended,
amended and restated, modified, supplemented, increased or extended from time to time, including pursuant to that certain Amendment
No. 1 to Credit Agreement, dated as of September 22, 2017), by and among the Borrower, the Parent Guarantor, the lenders party
thereto, and Bank of America, as administrative agent.


 


“Existing
Letters of Credit” means the letters of credit described by date of issuance, letter of credit number, undrawn amount,
name of beneficiary, and date of expiry on Schedule 1.01(b).


 


“FATCA”
means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code, and any applicable
intergovernmental agreements implementing any of the foregoing.


 


“FCR Period”
means the period from, and including, the First Amendment Effectiveness Date to, but excluding, the Financial Covenant Reversion
Date.


 


“Federal
Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal
funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business
Day next succeeding such day, provided, that: (a) if such day is not a Business Day, the Federal Funds Rate
for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding
Business Day; and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such
day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1.00%) charged to Bank of America
on such day on such transactions as determined by the Administrative Agent. If, at any time, the Federal Funds Rate shall be less
than zero, such rate shall be deemed to be zero for the purposes of this Agreement.


 









     


     


    

 


“Fee Letters”
means, collectively, the Bank of America Fee Letter, the Mizuho Fee Letter, the Citibank Fee Letter, and
the First Amendment Fee Letter,
and the Fourth Amendment Fee Letter.


 


“Final
Maturity Date” means, as of any date of determination, the later of: (a) the Revolving Loan Maturity Date;
(b) the Term Loan Maturity Date; and (c) the then latest Add-On Term Loan Maturity Date.


 


“Financial
Covenant Reversion Date” means the first (1st) day of the secondfirst
(2nd1st)
Fiscal Quarter of 20212023.


 


“Financial
Covenants” means, at any time, the applicable covenants and agreements of the Loan Parties set forth in Section
8.08 that are in effect at such time.


 


“Financial
Officer” of any corporation, partnership, or other entity means the chief financial officer, the principal accounting
officer, the treasurer, or the controller of such corporation, partnership or other entity.


 


“First
Amendment” means that certain First Amendment to Second Amended and Restated Credit Agreement, dated as of the First
Amendment Effectiveness Date, by and among the Borrower, the Parent Guarantor, the Lenders party thereto, and the Administrative
Agent.


 


“First
Amendment Effectiveness Date” means February 24, 2020.


 


“First
Amendment Fee Letter” means that certain fee letter, dated as of February 14, 2020, by and among the Borrower, the
Parent Guarantor, BofA Securities, and the Administrative Agent (as amended by that certain Amendment to Fee Letter, dated as
of February 24, 2020).


 


“First
Extended DDTL Availability Expiration Date” has the meaning specified in the definition of “Delayed Draw
Term Loan Availability Period” above.


 


“First
Extension Period” has the meaning specified in the definition of “Delayed Draw Term Loan Availability Period”
above.


 


“First
Lien Leverage
Ratio” means,
solely at all times during the FCR Period, the ratio of: (a)
all indebtedness of the Parent Guarantor and its Subsidiaries, on a consolidated basis, as determined in accordance with GAAP
(including, without limitation, Indebtedness of the types described in clauses (a) and (b) of the definition of “Indebtedness”
above, but excluding, for the avoidance of doubt, Indebtedness of the type described in clause (g) of the definition of “Indebtedness”
above) that is secured by a first-priority
Lien on any property of the Parent Guarantor or any of its Subsidiaries (including,
without limitation, solely at all times during the CSAG Period, Consolidated Secured Credit Facility Indebtedness,
but excluding any indebtedness secured by Liens incurred under Section 8.01(ee) to the extent that such Liens are in favor of
a Governmental Authority; to (b)
Consolidated EBITDA for the last ended Test Period. Notwithstanding anything to the contrary in the foregoing, in no event
will obligations or liabilities in respect of any Equity Interests be included in any calculation of the First
Lien Leverage Ratio.


 


“First-Tier
Foreign Subsidiary” means any Foreign Subsidiary, all, or any portion, of the Equity Interests of which are owned
or held directly by a Loan Party.


 


“Fiscal
Month” means any fiscal month of the Borrower or the Parent Guarantor, as the context requires.


 









     


     


    

 


“Fiscal
Quarter” means any fiscal quarter of the Borrower or the Parent Guarantor, as the context requires.


 


“Fiscal
Year” means any fiscal year of the Borrower or the Parent Guarantor, as the context requires.


 


“Flood
Hazard Property” shall have the meaning set forth in the definition of “Real Property Security Documents”
below.


 


“Flood
Insurance Laws” means, collectively: (a) the National Flood Insurance Reform Act of 1994 (which comprehensively
revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973), as now or hereafter in effect
or any successor statute thereto; (b) the Flood Insurance Reform Act of 2004, as now or hereafter in effect or any successor statute
thereto; and (c) the Biggert–Waters Flood Insurance Reform Act of 2012, as now or hereafter in effect or any successor statute
thereto.


 


“Foreign
Lender” means a Lender that is not a U.S. Person.


 


“Foreign
Plan” means any employee benefit plan, program, policy, arrangement or agreement maintained, or contributed to,
outside the United States by any Loan Party or Subsidiary primarily for the benefit of employees of any Loan Party or Subsidiary
employed outside the United States.


 


“Foreign
Subsidiary” means any Subsidiary that: (a) is not organized under the Laws of any state of the United States
or of the District of Columbia; or (b) (i) is organized under the Laws of any state of the United States or of the District of
Columbia, and (ii) is a direct or indirect subsidiary of a CFC.


 


“Fourth
Amendment Effectiveness Date” means the earliest date on which all of the conditions precedent set forth in Section
2 of that certain Fourth Amendment
to Second Amended and Restated Credit Agreement, dated as of April 13,
2020, by and among the Loan Parties, the Lenders party thereto, and the Administrative Agent are satisfied.


 


“Fourth
Amendment Fee Letter” means that certain fee letter, dated as of April 13, 2020, by and among the Borrower, the Parent
Guarantor, BofA Securities, and the Administrative Agent.


 


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


 


“Fronting
Exposure” means, at any time there is a Defaulting Lender: (a) with respect to each L/C Issuer, such Defaulting
Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting
Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms
hereof; and (b) with respect to each Swing Line Lender, such Defaulting Lender’s Applicable Percentage of Swing Line Loans,
other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other
Lenders in accordance with the terms hereof.


 


“FSHCO”
means any Subsidiary that is organized under the Laws of any state of the United States or of the District of Columbia, substantially
all of the Property of which consists of: (a) Equity Interests of one (1) or more CFCs; or (b) Indebtedness of such CFCs.


 


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


 









     


     


    

 


“GAAP”
means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting
Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board, consistently applied and as in effect from time to time.


 


“Governmental
Authority” means the government of the United States or any other nation, or of any political subdivision thereof,
whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of, or pertaining to, government (including
any supra-national bodies, such as the European Union or the European Central Bank).


 


“Guarantee”
means, as to any Person: (a) any obligation, contingent or otherwise, of such Person guaranteeing, or having the economic effect
of guaranteeing, any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”)
in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase
or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or
lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation
of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital, or
any other financial statement condition or liquidity or level of income or cash flow of the primary obligor, so as to enable the
primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring, in any other manner,
the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof, or to protect such obligee
against loss in respect thereof (in whole or in part); or (b) any Lien on any Property of such Person securing any Indebtedness
or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any
right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall
be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in
respect of which such Guarantee is made, or, if not stated or determinable, the maximum reasonably anticipated liability in respect
thereof, as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding
meaning.


 


“Guaranteed
Party Designation Notice” means a notice from any Lender, or an Affiliate of a Lender, substantially in the form
of Exhibit 9.05.


 


“Guaranteed
Swap Contract” means any Swap Contract by and between any Loan Party or Subsidiary and any Swap Bank. For the avoidance
of doubt, a holder of Obligations in respect of Guaranteed Swap Contracts shall be subject to the last paragraph of Section
9.05 and Section 10.11.


 


“Guaranteed
Treasury Management Agreement” means any Treasury Management Agreement by and between any Loan Party or Subsidiary
and any Treasury Management Bank. For the avoidance of doubt, a holder of Obligations in respect of Guaranteed Treasury Management
Agreements shall be subject to the last paragraph of Section 9.05 and to Section 10.11.


 


“Guarantor
Joinder Agreement” means a joinder agreement, in substantially the form of Exhibit 7.12–CSAG, executed
and delivered by a Subsidiary in accordance with the provisions of Section 7.12.


 


“Guarantors”
means, collectively: (a) the Parent Guarantor; (b) each Subsidiary of the Parent Guarantor indicated as a “Guarantor”
on the signature pages to this Agreement; (c) each Subsidiary of the Parent Guarantor that is, or may from time to time become,
party to this Agreement pursuant to the terms of Section 7.12; and (d) solely with regard to the Additional Obligations
of each Subsidiary of the Parent Guarantor, the Borrower.


 









     


     


    

 


“Guaranty”
means the guaranty made by each Guarantor (and, with respect to Additional Obligations (determined before giving effect to Section
4.01 and Section 4.08), the Borrower) in favor of the Administrative Agent, the Lenders, and the other Loan Document
Secured Parties pursuant to Article IV.


 


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


 


“Honor
Date” has the meaning specified in Section 2.03(c).


 


“IFRS”
means international accounting standards within the meaning of IAS Regulation 1606/2002, to the extent applicable to the relevant
financial statements delivered under this Agreement or referred to herein.


 


“Immaterial
Foreign Subsidiary” means a Foreign Subsidiary that contributes (together with its Subsidiaries on a consolidated
basis) less than five percent (5.0%) of Consolidated EBITDA, and owns (together with its Subsidiaries) less than
five percent (5.0%) of Consolidated Total Assets (determined upon the delivery of the most recently delivered financial statements
pursuant to Section 7.01(a) or Section 7.01(b), as applicable, (a) for the last ended Test Period (with respect
to Consolidated EBITDA), and (b) as of the date of such financial statements (with respect to Consolidated Total Assets), on a
Pro Forma Basis); provided, that, if all of the Immaterial Foreign Subsidiaries that are First-Tier Foreign Subsidiaries
contribute, in the aggregate, more than five percent (5.0%) of Consolidated EBITDA, or have, in the aggregate, more
than five percent (5.0%) of Consolidated Total Assets, then the Borrower shall (in consultation with the Administrative Agent)
designate one (1) or more of such First-Tier Foreign Subsidiaries to not be treated as an Immaterial Foreign Subsidiary
for purposes of the Loan Documents, so that the aggregate thresholds set forth in this proviso are not exceeded, determined
after giving effect to such designation.


 


“Immaterial
Subsidiary” means a Subsidiary (other than a Loan Party or an Excluded Subsidiary described in clauses (b)
through (g) of such definition) that contributes (together with its Subsidiaries on a consolidated basis) less than
five percent (5.0%) of Consolidated EBITDA, or owns (together with its Subsidiaries) less than five percent (5.0%)
of Consolidated Total Assets (determined upon the delivery of the most recently delivered financial statements pursuant to Section
7.01(a) or Section 7.01(b), as applicable, (a) for the last ended Test Period (with respect to Consolidated EBITDA),
and (b) as of the date of such financial statements (with respect to Consolidated Total Assets), on a Pro Forma Basis); provided,
that, if all Immaterial Subsidiaries contribute, in the aggregate, more than five percent (5.0%) of Consolidated
EBITDA, or have, in the aggregate, more than five percent (5.0%) of Consolidated Total Assets, then the Borrower shall
(in consultation with the Administrative Agent) designate one (1) or more of such Subsidiaries to not be treated as an
Immaterial Subsidiary for purposes of the Loan Documents, so that the aggregate thresholds set forth in this proviso are not
exceeded, determined after giving effect to such designation.


 


“Impending
Acquisitions” means the Asco Acquisition and the Bombardier Acquisition, in each case, substantially on the terms
disclosed to the Administrative Agent in writing prior to the First Amendment Effectiveness Date; provided, that,
the aggregate cash consideration for each of the Asco Acquisition and the Bombardier Acquisition shall not exceed the aggregate
consideration set forth in the applicable Acquisition Agreement without the prior consent of the Administrative Agent (such consent
not to be unreasonably withheld, conditioned or delayed).


 






     


     


    

 


“Impermissible
Qualification” means, relative to the opinion or certification of any independent public accountant as to any financial
statement of any Loan Party, any qualification or exception to such opinion or certification:


 


(a)               
which is of a “going concern” or similar nature; or


 


(b)               
which relates to the limited scope of examination of matters relevant to such financial statement.


 


“Increase
Effective Date” has the meaning specified in Section 2.01(d)(i).


 


“Increase
Joinder” has the meaning specified in Section 2.01(d)(i)(B).


 


“Incremental
Funds Availability Period” means the period from, and including, the Effectiveness Date to, but excluding, the First
Amendment Effectiveness Date, together with the period from, and including, the Collateral and Subsidiary Guaranty Release Date
to, but excluding, the earlier of the Revolving Loan Maturity Date and the Term Loan Maturity Date.


 


“Incremental
Funds Certain Provision” shall have the meaning set forth in Section 2.01(d)(ii).


 


“Indebtedness”
of any Person means the sum of all indebtedness of such Person on a consolidated basis (without duplication) with respect
to:


 


(a)               
borrowed money or obligations represented by bonds, debentures, notes or other similar instruments;


 


(b)               
the aggregate amount of Capital Lease Obligations; provided, that, to the extent such obligations are limited
in recourse to the Property subject to such Capital Lease, such limited recourse obligations shall be included in Indebtedness
only to the extent of the fair market value of such property;


 


(c)               
the capitalized amount of the remaining lease payments under any Synthetic Lease that would appear on a balance sheet of
such Person, prepared as of such date in accordance with GAAP, if such lease were accounted for as a Capital Lease;


 


(d)               
the outstanding principal amount of any Securitization Transaction, after taking into account reserve accounts and making
appropriate adjustments, determined by the Administrative Agent in its reasonable discretion;


 


(e)               
all obligations of others secured by any Lien on any Property of such Person, but, to the extent such Lien does not
extend to any other Property of such Person and is otherwise non-recourse against such Person, limited to the lesser of:
(i) the aggregate unpaid amount of such obligations; and (ii) the fair market value of such Property as reasonably determined
by such Person;


 


(f)                
all indebtedness representing the deferred purchase price of Property or services, but excluding: (i) trade payables and
accrued liabilities in the ordinary course of business; and (ii) any purchase price adjustment, contingent payment or deferred
payment incurred in connection with an Acquisition or other Investment, so long as such obligation has not become a liability
on the balance sheet of such Person in accordance with GAAP;


 






     


     


    

 


(g)               
net obligations under Swap Contracts;


 


(h)               
all obligations for the reimbursement of any obligor under letters of credit, bankers’ acceptances, and similar credit
transactions; and


 


(i)                
Guarantees in respect of, or to assure an obligee against failure to make payment in respect of, liabilities, obligations
or indebtedness of the kind described in clauses (a) through (h) above.


 


Notwithstanding anything
to the contrary in the foregoing, in no event shall any of the following constitute Indebtedness: (i) obligations or liabilities
in respect of any Equity Interests,
any Permitted Bond Hedge Transactions, or any Permitted Warrant Transactions; (ii) any obligations in respect of Advance
Payments, except following a Discontinuance Event with respect to the applicable contract, in which case, “Indebtedness”
shall include an amount equal to the lesser of (A) the aggregate amount of Advance Payments made by the applicable customer
under the applicable contract, less the sum of (I) the aggregate amount of Advance Payments under the applicable
contract theretofore repaid to the applicable customer or otherwise satisfied or forgiven, plus (II) any Advance Payments
that are not required to be repaid under the applicable contract as a result of such Discontinuance Event, and (B) the
amount agreed in writing between the Parent Guarantor or the applicable Subsidiary, on one hand, and the applicable customer,
on the other hand, in settlement of any repayment obligations owing to the applicable customer in respect of Advance Payments
under the applicable contract as a result of such Discontinuance Event; (iii) obligations and/or liabilities under any Permitted
Incentive Program, to the extent that such obligations and/or liabilities satisfy both of the following two (2) requirements,
(A) such obligations and/or liabilities do not constitute indebtedness on the balance sheet of such Person in accordance
with GAAP, and (B) such obligations and/or liabilities are not secured by a Lien on any Property of any Loan Party or Subsidiary
(regardless of whether such obligations and/or liabilities constitute indebtedness on the balance sheet of such Person in accordance
with GAAP); and (iv) obligations and/or liabilities under any Qualifying IRB Financing.


 


The amount of any
net obligation owed by such Person under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof
as of such date.


 


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


 


“Indemnitees”
has the meaning specified in Section 11.04(b).


 


“Information”
has the meaning specified in Section 11.07.


 


“Initial
DDTL Availability Expiration Date” has the meaning specified in the definition of “Delayed Draw Term Loan
Availability Period” above.


 


“Interest
Coverage Ratio” means, as of any date, the ratio of: (a) Consolidated EBITDA for the last ended Test Period; to
(b) Consolidated Interest Expense (excluding
(i) non-cash interest expense relating to any Permitted Convertible / Exchangeable Indebtedness, and (ii) amounts paid in connection
with any Permitted Bond Hedge Transactions using the proceeds from the issuance of the related Permitted Convertible / Exchangeable
Indebtedness) for the last ended Test Period.


 









     


     


    

 


“Interest
Payment Date” means: (a) as to any Eurodollar Rate Loan, the last day of each Interest Period applicable to such
Loan and the Revolving Loan Maturity Date, the Term Loan Maturity Date, or any applicable Add-On Term Loan Maturity Date, as the
case may be, provided, that, if any Interest Period for a Eurodollar Rate Loan exceeds three (3) months,
the respective dates that fall every three (3) months after the beginning of such Interest Period shall also be Interest Payment
Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan), the last Business Day of each March, June, September and
December and the Revolving Loan Maturity Date, the Term Loan Maturity Date, or any applicable Add-On Term Loan Maturity Date,
as the case may be.


 


“Interest
Period” means as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed
or converted to, or continued as, a Eurodollar Rate Loan, and ending on the date one (1), two (2), three (3) or six (6) months
thereafter, as selected by the Borrower in its Loan Notice, or such other period that is twelve (12) months or less requested
by the Borrower and consented to by all of the Lenders under such Eurodollar Rate Loan (in each case, subject to availability);
provided, that:


 


(a)               
any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding
Business Day, unless, in the case of a Eurodollar Rate Loan, such Business Day falls in another calendar month, in which case,
such Interest Period shall end on the next preceding Business Day;


 


(b)               
any Interest Period pertaining to a Eurodollar Rate 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 the calendar month at the end of such Interest Period;


 


(c)               
no Interest Period with respect to any Revolving Loan shall extend beyond the Revolving Loan Maturity Date;


 


(d)               
no Interest Period with respect to the Term A Loan or any Delayed Draw Term Loan shall extend beyond the Term Loan Maturity
Date; and


 


(e)               
no Interest Period with respect to any Add-On Term Loan shall extend beyond the applicable Add-On Term Loan Maturity Date.


 


“Internal
Revenue Code” means the Internal Revenue Code of 1986 (as amended).


 


“Internal
Revenue Service” means the United States Internal Revenue Service.


 


“Investment”
has the meaning specified in Section 8.04.


 


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


 


“Issuer
Documents” means, with respect to any Letter of Credit, the Letter of Credit Application, and any other document,
agreement and instrument entered into by the applicable L/C Issuer and the Borrower (or any Subsidiary), or in favor of such L/C
Issuer, and relating to any such Letter of Credit.


 


“Joint
Venture” means a corporation, partnership, limited liability company, joint venture or other similar arrangement
(whether created by contract or conducted through a separate legal entity) which is not a Subsidiary of any Loan Party or Subsidiary
and which is formed by any Loan Party or Subsidiary with one (1) or more other Person in order to conduct a common venture or
enterprise with such Persons.


 






     


     


    

 


“Laws”
means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof
by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative
orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in
each case applicable or binding upon any Person or any of its Property, or to which such Person or any of its Property is subject.


 


“L/C
Advance” means, with respect to each Revolving Lender, such Lender’s funding of its participation in any L/C
Borrowing in accordance with its Applicable Percentage.


 


“L/C
Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed
on the date when made or refinanced as a Borrowing of Revolving Loans.


 


“L/C
Credit Extension” means, with respect to any Letter of Credit, the issuance thereof, the extension of the expiry
date thereof, or the increase of the amount thereof, as applicable.


 


“L/C
Issuer” means, as the context may require: (a) Bank of America, in its capacity as an issuer of Letters of Credit
hereunder and its successors in such capacity, as provided in Section 2.03(l); (b) Mizuho Bank, Ltd., in its capacity
as an issuer of Letters of Credit hereunder and its successors in such capacity, as provided in Section 2.03(l); (c)
Citibank, in its capacity as an issuer of Letters of Credit hereunder and its successors in such capacity, as provided in Section 2.03(l);
(d) any other consenting Revolving Lender approved by the Administrative Agent and the Borrower, in its capacity as issuer of
Letters of Credit issued by it hereunder and its successors in such capacity, as provided in Section 2.03(l) or Section 2.03(e)
collectively, all of the foregoing. Each L/C Issuer may, in its discretion, arrange for one (1) or more Letters of Credit to be
issued by Affiliates of such L/C Issuer, in which case, the term “L/C Issuer” shall include any such
Affiliate with respect to Letters of Credit issued by such Affiliate.


 


“L/C
Obligations” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding
Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing
the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance
with Section 1.06. For all purposes of this Agreement, if, on any date of determination, a Letter of Credit has expired
by its terms, but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of
Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.


 


“Lenders”
means each of the Persons identified as a “Lender” on the signature pages hereto, each Add-On Term Loan Lender,
each Post-Increase Revolving Lender, and, as the context requires, each Swing Line Lender, in each case, together with their successors
and permitted assigns.


 


“Lending
Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative
Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent,
which office may include the office of any Affiliate of such Person or any domestic or foreign branch of such Person or such Affiliate.


 


“Letter
of Credit” means any standby letter of credit issued hereunder providing for the payment of cash upon the honoring
of a presentation thereunder, and shall include the Existing Letters of Credit.


 









     


     


    

 


 


 



 


“Letter
of Credit Application” means an application and agreement for the issuance or amendment of a letter of credit, in
the form from time to time in use by the applicable L/C Issuer.


 


“Letter
of Credit Expiration Date” means the day that is thirty (30) days prior to the Revolving Loan Maturity Date then
in effect (or, if such day is not a Business Day, the next preceding Business Day).


 


“Letter
of Credit Fee” has the meaning specified in Section 2.03(h).


 


“Letter
of Credit Sublimit” means, as of any date of determination, an amount equal to the lesser of (a) the Aggregate
Revolving Commitments as of such date, and (b) One-Hundred Million Dollars ($100,000,000); provided, that, with respect
to (i) Bank of America, in its capacity as an L/C Issuer, the Letter of Credit Sublimit shall be $33,333,333.34, (ii) Mizuho Bank,
Ltd., in its capacity as an L/C Issuer, the Letter of Credit Sublimit shall be $33,333,333.33, (iii) Citibank, in its capacity
as an L/C Issuer, the Letter of Credit Sublimit shall be $33,333,333.33, and (iv) with respect to any other Lender serving as an
L/C Issuer, the Letter of Credit Sublimit shall be such amount as agreed in writing among the Borrower, such Lender and the Administrative
Agent. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.


 


“Leverage
Increase Period” has the meaning specified in Section 8.08(b).


 


“LIBOR”
has the meaning specified in the definition of “Eurodollar Base Rate” above.


 


“LIBOR
Rate” has the meaning specified in the definition of “Eurodollar Base Rate” above.


 


“LIBOR
Screen Rate” means the LIBOR quote on the applicable screen page that the Administrative Agent (in its reasonable
discretion) designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated
by the Administrative Agent from time to time in its reasonable discretion).


 


“LIBOR
Successor Rate” has the meaning specified in Section 3.03(c).


 


“LIBOR
Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any conforming changes
to the definitions of Base Rate, Interest Period, Eurodollar Rate, Eurodollar Base Rate, timing and frequency of determining rates
and making payments of interest, and other technical, administrative and/or operational matters as may be appropriate, in the discretion
of the Administrative Agent, to reflect the adoption and implementation of such LIBOR Successor Rate and to permit the administration
thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent
determines that adoption of any portion of such market practice is not administratively feasible, or that no market practice for
the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines,
in consultation with the Borrower, is reasonably necessary in connection with the administration of this Agreement).


 


“Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or
preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or
nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance
on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).


 






    


     


    

 


“Liquidity”
means, as of any date of determination: (a) the aggregate amount of unrestricted and unencumbered (other than by Liens in favor
of the Collateral Agent) cash or cash equivalents (measured at fair market value) of the Parent Guarantor and its Subsidiaries;
plus (b) the aggregate amount actually available to be drawn, if any, by the Borrower under the Aggregate Revolving Commitments
at such time; plus (c) the aggregate amount actually available to be drawn, if any, by the Borrower under the Aggregate
Delayed Draw Term Loan Commitments (as defined in the Liquidity Bridge Credit Agreement) at such time.


 


“Liquidity
Bridge Credit Agreement” means that certain Delayed Draw Term Loan Credit Agreement, dated as of the First Amendment
Effectiveness Date, by and among the Borrower, the Guarantors, the lenders party thereto, and Bank of America, as administrative
agent.


 


“Loan”
means an extension of credit by a Lender to the Borrower under Article II in the form of a Revolving Loan, a Swing Line
Loan, a Term A Loan, a Delayed Draw Term Loan, or an Add-On Term Loan.


 


“Loan Documents”
means this Agreement, each Note, each Issuer Document, each Add-On Term Loan Lender Joinder Agreement (if any), any agreement creating
or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.14, each Fee Letter (but specifically excluding
Guaranteed Treasury Management Agreements and Guaranteed Swap Contracts), and, solely at all times during the CSAG
Period, each Collateral Document and each Guarantor Joinder Agreement (if any).


 


“Loan Notice”
means a notice of (a) a Borrowing of Loans, (b) a conversion of Loans from one Type to another Type, or (c) a continuation of Eurodollar
Rate Loans, in each case, pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit 2.02
or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission
system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.


 


“Loan Document
Secured Parties” means, collectively, the Collateral Agent, the Administrative Agent, the Lenders, the Swap Banks,
the Treasury Management Banks, and any other holders of the Secured Obligations pursuant to the terms of the Loan Documents.


 


“Loan Parties”
means, collectively: (a) at all times during the term of this Agreement, (i) the Borrower, and (ii) the Parent Guarantor;
and (b) solely at all times during the CSAG Period, any other Subsidiaries of the Parent Guarantor that are Guarantors
at any time during the CSAG Period.


 


“London
Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market.


 


“MAE Reversion
Date” means the earlier to occur of: (a) the 737 MAX Certification Date; and (b) June 30, 2021.


 


“Master
Agreement” has the meaning specified in the definition of “Swap Contract” below.


 


“Material
Adverse Effect” means a materially adverse effect on: (a) the operations,
business, assets, properties, liabilities, or financial condition of the Loan Parties and Subsidiaries, taken as a whole;,
(b) the ability of the Loan Parties to perform their obligations under the Loan Documents;,
(c) the rights and remedies of the Administrative Agent, the Collateral Agent or any Lender under any Loan Document;,
or (d) legality, validity, binding effect, or enforceability against any Loan Party of any Loan Document to which it is a party.


 






    


     


    

 


“Material
Indebtedness” means (i) any Indebtedness (other than the Loans and Letters of Credit), or (ii) obligations in respect
of one (1) or more Swap Contracts, of any one (1) or more Loan Parties and Subsidiaries, individually or in an aggregate principal
amount exceeding One-Hundred Million Dollars ($100,000,000).


 


“Maximum
Rate” has the meaning specified in Section 11.09.


 


“Minimum
Collateral Amount” means, at any time: (a) with respect to Cash Collateral consisting of cash or deposit account
balances provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to one
hundred percent (100.0%) of the Fronting Exposure of the L/C Issuers with respect to Letters of Credit issued and outstanding at
such time; (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions
of Section 2.14(a)(i), Section 2.14(a)(ii) or Section 2.14(a)(iii), an amount equal to one hundred percent
(100.0%) of the Outstanding Amount of all L/C Obligations; and (c) otherwise, an amount determined by the Administrative Agent
and each applicable L/C Issuer in their sole discretion.


 


“Mizuho
Fee Letter” means that certain Fee Letter, dated as of May 24, 2018, by and among the Borrower, the Parent Guarantor
and Mizuho Bank, Ltd.


 


“Moody’s”
means Moody’s Investors Service, Inc. and any successor thereto.


 


“Mortgage”
means each mortgage, deed of trust, deed to secure debt, assignment of leases and rents, leasehold mortgage, and other security
documents that grant, or purport to grant, to the Collateral Agent, for the benefit of the Secured Parties, solely at all
times during the CSAG Period, a Lien on any Mortgaged Property.


 


“Mortgaged
Property” means each Real Property subject to a Mortgage pursuant to the terms of the Collateral Documents.


 


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


 


“Multiple
Employer Plan” means a Plan which has two (2) or more contributing sponsors (including the Borrower or any ERISA
Affiliate) at least two (2) of whom are not under common control, as such a plan is described in Section 4064 of ERISA.


 


“Net Condemnation
Proceeds” means an amount equal to: (a) any cash payments or proceeds received by a Loan Party, the Administrative
Agent or the Collateral Agent as a result of any condemnation, or other taking or temporary or permanent requisition, of any Property
of a Loan Party, any interest therein or right appurtenant thereto, or any change of grade affecting such Property, as the result
of the exercise of any right of condemnation or eminent domain by a Governmental Authority (including a transfer to a Governmental
Authority in lieu or anticipation of a condemnation); minus (b) (i) any actual costs incurred by a Loan Party in connection
with any such condemnation or taking (including fees and expenses of counsel), and (ii) provisions for all taxes reasonably estimated
to be payable as a result of such condemnation, without regard to the consolidated results of operations of the Loan Parties, taken
as a whole, in each case, as reasonably determined in good faith by the Borrower.


 


“Net
Insurance Proceeds” means an amount equal to: (a) any cash payments or proceeds received by a Loan Party, the
Administrative Agent or the Collateral Agent under any casualty insurance policy in respect of a covered loss thereunder with
respect to any Property (excluding amounts payable with respect to a business interruption policy or claim); minus (b)
the sum of (i) any actual costs incurred by a Loan Party in connection with the adjustment or settlement of any claims
of a Loan Party in respect thereof (including fees and expenses of counsel), plus (ii) provisions for all taxes
reasonably estimated to be payable as a result of such event, without regard to the consolidated results of operations of
Loan Parties, taken as a whole, in each case, as reasonably determined in good faith by the Borrower.


 






    


     


    

 


“Net Proceeds”
means:


 


(a)               
with respect to any sale of any Property by any Person, the aggregate consideration received by such Person from such sale,
less the sum of (i) the actual amount of the fees and commissions payable by such Person, other than to any of its
Affiliates, plus (ii) the costs and expenses (including any legal, financial advisory, consulting, accounting and other
advisory expenses) directly related to such sale that are to be paid by such Person, other than to any of its Affiliates (including,
without limitation, transfer, sale, use and other similar taxes payable in connection with such sale), plus (iii) taxes
reasonably estimated to be payable by such Person as a result of such sale, plus (iv) any reasonable reserves, escrow obligations,
holdbacks, or retained liabilities relating to such sale, plus (v) the amount of any Indebtedness (other than the Obligations)
which is required to be repaid or prepaid by such Person as a result of such sale, plus (vi) any amount required by applicable
Law to be paid upon receipt to a third party related to the transaction, in each case of the foregoing clauses (a)(i) through
(a)(vi), as reasonably determined in good faith by the Borrower; and


 


(b)               
with respect to any issuance or incurrence of any Indebtedness by any Person, the aggregate consideration received by such
Person from such issuance or incurrence, less the sum of: (i) the actual amount of the fees and commissions payable
by such Person, other than to any of its Affiliates; and (ii) the legal expenses, and the other costs and expenses, directly related
to such issuance or incurrence that are to be paid by such Person, other than to any of its Affiliates.


 


“Net Recovery
Event Proceeds” means, collectively, Net Condemnation Proceeds and/or Net Insurance Proceeds, as applicable.


 


“Non-Consenting
Lender” means any Lender that does not approve any consent, waiver or amendment that: (a) requires the approval
of all Lenders, or all affected Lenders, in accordance with the terms of Section 11.01, or the Lenders holding Loans or
Commitments of a particular Class as provided in clause (vii) of the final proviso to Section 11.01; and (b) has
been approved by the Requisite Lenders.


 


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


 


“Non-Recourse
Debt” means Indebtedness of a Person:


 


(a)               
as to which no Loan Party: (i) provides any Guarantee or credit support of any kind (including any undertaking, Guarantee,
indemnity, agreement or instrument that would constitute Indebtedness); or (ii) is directly or indirectly liable (as a guarantor
or otherwise); and


 


(b)               
no default with respect to which (including any rights that the holders thereof may have to take enforcement action against
the debtor thereof) would permit (upon notice, lapse of time, or both) any holder of any Indebtedness of any Loan Party to declare
a default under such Indebtedness, or to cause the payment thereof to be accelerated or payable prior to its stated maturity.


 






    


     


    

 


“North
Hangar Lease” means, collectively, the Building Lease, dated as of October 14, 2016, by and between Air Capital Flight
Line, LLC, as landlord, and the Borrower, as tenant, as amended and supplemented from time to time (including any supplemental
or similar leases with respect to related buildings or property).


 


“Note”
or “Notes” means the Revolving Notes, the Swing Line Note, the Term A Notes, the Delayed Draw Term Loan
Notes, and/or any Add-On Term Notes, individually or collectively, as appropriate.


 


“Notice
of Prepayment and/or Reduction / Termination of Commitments” means a notice of prepayment with
respect to a Loan, which shall be substantially in the form of Exhibit 2.05(a) or such other form as may be approved by
the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by
the Administrative Agent), appropriately completed and signed by a Responsible Officer.


 


“Obligations”
means all: (a) advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan
Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including, without limitation,
those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising, and including interest
and fees that accrue after the commencement by or against any Loan Party, or Affiliate thereof, of any proceeding under any Debtor
Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims
in such proceeding; and (b) Additional Obligations. Notwithstanding anything to the contrary in the foregoing, the “Obligations”
of any Guarantor shall excludenot
include any Excluded Swap Obligations with respect to such Guarantor.


 


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


 


“Organizational
Document” means: (a) with respect to each Person that is a corporation, its charter and its by-laws (or similar
documents); (b) with respect to each Person that is a limited liability company, its certificate of formation and its operating
agreement (or similar documents); (c) with respect to each Person that is a limited partnership, its certificate of formation and
its limited partnership agreement (or similar documents); (d) with respect to each Person that is a general partnership, its partnership
agreement (or similar document); and (e) with respect to any Person that is any other type of entity, such documents as shall be
comparable to the foregoing.


 


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


 


“Other
Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt
or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other
Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06).


 


“Outstanding
Amount” means: (a) with respect to any Loans on any date, the aggregate outstanding principal amount thereof,
after giving effect to any borrowings and prepayments or repayments of any Loans occurring on such date; and (b) with respect
to any L/C Obligations on any date, the amount of such L/C Obligations on such date, after giving effect to any L/C Credit
Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date,
including as a result of any reimbursements by the Borrower of Unreimbursed Amounts.


 






    


     


    

 


“Parent
Guarantor” has the meaning specified in the introductory paragraph hereto.


 


“Participant”
has the meaning specified in Section 11.06(d).


 


“Participant
Register” has the meaning specified in Section 11.06(d).


 


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


 


“Pension
Funding Rules” means the rules of the Code and ERISA regarding minimum funding standards with respect to Pension
Plans and set forth in Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.


 


“Pension
Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is
maintained, or is contributed to, by the Borrower and any ERISA Affiliate, and is either covered by Title IV of ERISA or is subject
to minimum funding standards under Section 412 of the Internal Revenue Code.


 


“Permitted
Acquisition” means (A) any Impending Acquisition, and (B) any Acquisition, whether by purchase, merger, consolidation
or otherwise, by any Loan Party or Subsidiary, of all, or substantially all, of the Property of, or all of the Equity Interests
in, a Person, or a division, line of business, or other business unit of a Person, so long as, in each case of this clause (B):


 


(a)               
the Board of Directors of such Person shall not have indicated publicly its opposition to the consummation of such
Acquisition (which opposition has not been publicly withdrawn);


 


(b)               
such Property is to be used in, or such Person so acquired is engaged in, as the case may be, a business of the type permitted
under Section 8.03(c);


 


(c)               
immediately after giving effect to such Acquisition: (i) all transactions related thereto are consummated, in all material
respects, in accordance with applicable Laws; (ii) the Loan Parties are in compliance with all applicable Financial Covenants in
effect at such time on a Pro Forma Basis, after giving effect to such Acquisition (and any related incurrence or repayment of Indebtedness),
provided, that, in the case of an Acquisition that is subject to the Incremental Funds Certain Provision, the date
of determination of such Financial Covenants on a Pro Forma Basis shall, at the option of the Borrower, be the date of execution
of the applicable Acquisition Agreement, and such determination shall be made after giving effect to such Acquisition (and any
other transactions to be entered into in connection therewith (including, without limitation, any incurrence of Indebtedness and
the use of proceeds thereof)) on a Pro Forma Basis; (iii) any Indebtedness or any Preferred Stock that is incurred, acquired, or
assumed in connection with such Acquisition shall be in compliance with Section 8.02; and (iv) no Specified Event of Default
shall have occurred or be continuing; and


 


(d)                solely
with respect to any such Acquisition that is consummated at any time after the First Amendment Effectiveness Date and prior
to the earlier of (A) the Financial Covenant Reversion Date, and (B) the Collateral and Subsidiary Guaranty Release
Date: (i) in the case of an Acquisition of Equity Interests, the Person acquired (if not an Excluded Subsidiary) shall become
a Guarantor to the extent required under Section 7.12 and grant Liens to the extent required under Section
7.13, or be merged into a Loan Party; (ii) no Event of Default shall have occurred or be continuing; (iii) at
least five (5) Business Days prior to the date of the consummation of such Acquisition (or such later date as the
Administrative Agent may agree in its sole discretion), the Borrower shall have delivered to the Administrative Agent a Pro
Forma Compliance Certificate duly executed by a Financial Officer of the Borrower, certifying, and demonstrating with
reasonably detailed calculations attached thereto, compliance with all applicable Financial Covenants in effect at such time
on a Pro Forma Basis, as described in clause (c)(ii) above; and (iv) the Administrative Agent shall have provided
express written consent to such Acquisition, in writing, prior to the date of the consummation of such Acquisition.


 






    


     


    

 


“Permitted
Bond Hedge Transactions” means any call, or capped call, option (or economically equivalent swap or other derivative
transaction) relating to the common stock of the Parent Guarantor (or other securities and/or property of the Parent Guarantor
that the applicable Permitted Convertible / Exchangeable Indebtedness is convertible or exchangeable into, in accordance with the
terms thereof) purchased by the Borrower or the Parent Guarantor in connection with the issuance of any Permitted Convertible /
Exchangeable Indebtedness; provided, that, the purchase price for such Permitted Bond Hedge Transactions, less the proceeds
received by the Parent Guarantor from the sale of any related Permitted Warrant Transactions, does not exceed the Net Proceeds
received by the Borrower or the Parent Guarantor, as the case may be, from the issuance of such Permitted Convertible / Exchangeable
Indebtedness in connection with such Permitted Bond Hedge Transactions.


 


“Permitted
Convertible / Exchangeable Indebtedness” means, collectively: (a) any Indebtedness of the Borrower or the Parent
Guarantor that is convertible into, or exchangeable for, common stock in the Parent Guarantor (or other securities and/or property
that such Indebtedness is convertible or exchangeable into in accordance with the terms thereof), cash (such amount of cash determined
by reference to the price of such common stock, or such other securities and/or property), or any combination of any of the foregoing,
and cash in lieu of fractional shares of common stock; and (b) the Guarantee of any of the Indebtedness described in the foregoing
clause (a) by the Parent Guarantor or the Borrower, as the case may be.


 


“Permitted
Incentive Programs” means any incentive, employment, development or other similar programs or agreements with any
governmental, quasi-governmental, economic development authority, non-profit or similar entity or an affiliated organization, including,
without limitation: (a) any Permitted State Bond Financing; (b) industrial revenue bonds; (c) new market tax credits; (d) research
and development arrangements; and (e) other similar arrangements.


 


“Permitted
Investments” means:


 


(a)               
Dollars (including such Dollars as are held as overnight bank deposits and demand deposits with banks);


 


(b)               
marketable direct obligations issued by, or unconditionally guaranteed by, the United States government or issued by any
agency or instrumentality thereof and backed by the full faith and credit of the United States of America, in each case, maturing
within one (1) year from the date of acquisition thereof;


 


(c)               
marketable direct obligations issued by any state of the United States of America, or any political subdivision of any
such state, or any public instrumentality thereof, maturing within one (1) year from the date of acquisition thereof, and, at
the time of acquisition, having a rating of


at least “A–2”
from S&P or at least “P–2” of Moody’s, or carrying an equivalent rating by a nationally recognized
rating agency, if both of the two (2) named rating agencies cease publishing;


 






    


     


    

 


(d)               
commercial paper maturing no more than one (1) year from the date of creation thereof, and, at the time of acquisition,
having a rating of at least “A–2” from S&P or at least “P–2” from Moody’s,
or carrying an equivalent rating by a nationally recognized rating agency, if both of the two (2) named rating agencies cease publishing;


 


(e)               
time deposits, demand deposits, certificates of deposit, Eurodollar time deposits, time deposit accounts, term deposit accounts,
or bankers’ acceptances maturing within one (1) year from the date of acquisition thereof or overnight bank deposits, in
each case, issued by any bank organized under the Laws of the United States, or any state thereof, or the District of Columbia,
or any U.S. branch of a foreign bank having, at the date of acquisition thereof, combined capital and surplus of not less than
Five-Hundred Million Dollars ($500,000,000);


 


(f)                
repurchase obligations with a term of not more than ninety (90) days for underlying securities of the types described
in clause (a) above, entered into with any bank meeting the qualifications specified in clause (e) above;


 


(g)               
investments in money market funds which invest all, or substantially all, of their assets in securities of the types described
in clauses (a) through (f) above; and


 


(h)               
in the case of Foreign Subsidiaries, Investments made locally of a type comparable to those described in clauses (a)
through (f) above, which may include investments in the relevant foreign currency.


 


“Permitted
Lien Renewals” means any replacement, extension or renewal of any Lien permitted hereunder, provided, that:
(a) such replacement, extension or renewal Lien shall not cover any Property other than the Property that was subject to
such Lien prior to such replacement, extension or renewal (other than (i) after-acquired Property that is affixed or incorporated
into the Property covered by such Liens, and (ii) proceeds and products thereof); and (b) any Indebtedness and other obligations
secured by such replacement, extension or renewal Lien are permitted by this Agreement.


 


“Permitted
Liens” has the meaning specified in Section 8.01.


 


“Permitted
Refinancing” means, with respect to any Indebtedness, any refinancing thereof, provided, that:
(a) no Event of Default shall have occurred and be continuing or would arise therefrom; (b) any such refinancing Indebtedness
shall (i) not have a stated maturity or Weighted Average Life to Maturity that is shorter than the Indebtedness
being refinanced, (ii) if the Indebtedness being refinanced is expressly subordinated to the Obligations, be subordinated to
the Obligations on the same or similar terms as the Indebtedness being refinanced, and (iii)
if the Indebtedness being refinanced is secured by a Lien on any Collateral that is junior to the Lien of the Secured
Parties, be secured by a Lien on such Collateral that is junior to the Lien of the Secured Parties on terms that are
substantially the same or similar to those applicable to the Indebtedness being refinanced (or terms that are otherwise
reasonably acceptable to the Administrative Agent), or be unsecured, and (iv) with respect to the amount of
Indebtedness being incurred as a Permitted Refinancing, be in an aggregate principal amount that does not exceed the
principal amount so refinanced, plus all accrued and unpaid interest thereon, plus the stated amount of any
premium and other payments required to be paid in connection with such refinancing pursuant to the terms of the Indebtedness
being refinanced, plus, in any such case, the amount of reasonable expenses of the Loan Parties and Subsidiaries
incurred in connection with such refinancing; and (c) the sole obligors and/or guarantors on such refinancing Indebtedness
shall not include any Person other than the obligors and/or guarantors on such Indebtedness being refinanced and the
Loan Parties hereunder.


 






    


     


    

 


“Permitted
State Bond Financing” means bond financings entered into for the purpose of obtaining a credit against state or local
payroll taxes paid with respect to wages of employees of the Loan Parties or Subsidiaries (including any such financings entered
into with the State of Kansas).


 


“Permitted
Warrant Transactions” means any call option, warrant, or right to purchase (or economically equivalent swap or other
derivative transaction) relating to the common stock in the Parent Guarantor (or other securities and/or property of the Parent
Guarantor that the applicable Permitted Convertible / Exchangeable Indebtedness is convertible or exchangeable into, in accordance
with the terms thereof) sold or issued by the Parent Guarantor substantially concurrently with any purchase by the Borrower of
related Permitted Bond Hedge Transactions, and the performance by the Parent Guarantor of its obligations thereunder.


 


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


 


“Plan”
means any employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees
of any Loan Party or Subsidiary, or any such Plan to which any Loan Party or Subsidiary is required to contribute on behalf of
any of its employees.


 


“Platform”
has the meaning specified in the last paragraph of Section 7.01.


 


“Post-Increase
Revolving Lenders” has the meaning specified in Section 2.01(d)(i)(C).


 


“Preferred
Stock” means, with respect to any Person, any and all preferred or preference Equity Interests (however designated)
of such Person, whether or not outstanding or issued on the Effectiveness Date or the First Amendment Effectiveness Date.


 


“Pre-Increase
Revolving Lenders” has the meaning specified in Section 2.01(d)(i)(C).


 


“Principal
Property” shall have the meaning specified in the 2021 / 2023 / 2028 Notes Indenture (as in effect on the First Amendment
Effectiveness Date).


 


“Priority
Debt” means, as of any date of determination, the sum (without duplication) of: (a) the aggregate principal
amount outstanding of all unsecured Indebtedness of Subsidiaries (other than any unsecured Indebtedness of any Subsidiary owing
to any Loan Party or Wholly Owned Subsidiary); plus (b) the aggregate principal amount outstanding of secured Indebtedness
of any Loan Party or Subsidiary (other than (i) any secured Indebtedness of (A) any Subsidiary of the Borrower owing to a Loan
Party or Wholly Owned Subsidiary, (B) the Parent Guarantor owing to another Loan Party, or (C) a Loan Party other than the Parent
Guarantor owing to the Parent Guarantor, and (ii) any Indebtedness secured by a Lien permitted under Section 8.01, other
than clause (v) (solely with respect to Securitization Transactions) and clause (ee) thereof).


 






    


     


    

 



 


“Pro Forma
Basis” means, for purposes of calculating any applicable Financial Covenants in effect or other covenant or provision
hereunder, that any (a) Asset Sale (or series of related Asset Sales) that yields gross proceeds to the Loan Parties or Subsidiaries
in excess of Five Million Dollars ($5,000,000), (b) Acquisition or similar Investment (or series of related Acquisitions
or similar Investments) that involves the payment of consideration by any Loan Party or Subsidiary in excess of Five Million
Dollars ($5,000,000), (c) Restricted Payment, (d) incurrence, prepayment, cancellation, termination, repurchase or repayment of
Indebtedness (or any amendment, modification or amendment and restatement thereof), or (e) “run-rate” cost savings,
as described in clause (a)(vii) of the definition of “Consolidated EBITDA” above, in each case of the
foregoing clauses (a) through (e), shall be deemed to have occurred as of the first (1st) day of the
last ended Test Period preceding the date of such transaction for which the Borrower was required to deliver financial statements
pursuant to Section 7.01(a) or Section 7.01(b). In connection with the foregoing: (i) (A) with respect to any Asset
Sale, income statement and cash flow statement items (whether positive or negative) attributable to the Property disposed of shall
be excluded to the extent relating to any period occurring prior to the date of such transaction, and (B) with respect
to any Acquisition or similar Investment, income statement items attributable to the Person or Property acquired shall be included
to the extent relating to any period applicable in such calculations, to the extent such items are not otherwise included
in such income statement items for the Parent Guarantor and its Subsidiaries in accordance with GAAP or in accordance with any
defined terms set forth in Section 1.01; and (ii) any Indebtedness incurred or assumed by any Loan Party or Subsidiary
(including the Person or Property acquired) in connection with such transaction (A) shall be deemed to have been incurred as of
the first (1st) day of the applicable period, and (B) if such Indebtedness has a floating or formula rate, shall have
an implied rate of interest for the applicable period for purposes of this definition of “Pro Forma Basis”,
determined by utilizing the rate which is, or would be, in effect with respect to such Indebtedness as at the relevant date of
determination.


 


For purposes of determining
compliance on a Pro Forma Basis with any Financial Covenant in effect as of any date that is prior to the first (1st)
date on which such Financial Covenant is to be tested hereunder, the level of any such Financial Covenant shall be deemed to be
the covenant level for such first (1st) test date.


 


Notwithstanding anything
to the contrary in the foregoing or in Section 1.02, (I) Consolidated EBITDA attributable to the businesses acquired in
the Impending Acquisitions, and (II) Consolidated Interest Expense relating to Indebtedness acquired or assumed in connection with
the Impending Acquisitions, in each case with respect to the immediately foregoing clauses (I) and (II), occurring
prior to consummation of each respective Impending Acquisition, shall not be taken into account on a Pro Forma Basis for
purposes of calculating compliance with any applicable Financial Covenants in effect or any other covenant or provision hereunder.


 


“Pro Forma
Compliance Certificate” means a certificate of a Financial Officer of the Borrower or the Parent Guarantor, as applicable,
demonstrating compliance with each of the applicable Financial Covenants in effect, at the time of delivery of such certificate
to the Administrative Agent, on a Pro Forma Basis, after giving effect to the applicable transaction, recomputed as of the last
day of the last ended Test Period, and attaching reasonably detailed calculations demonstrating such compliance.


 


“Projections”
has the meaning specified in Section 6.15.


 


“Property”
means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.


 


“PTE”
means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from
time to time.


 


“Public
Lender” has the meaning specified in the last paragraph of Section 7.01.


 


“QFC”
has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with,
12 U.S.C. §–5390(c)(8)(D).


 


“QFC Credit
Support” has the meaning specified in Section 11.20.


 






     


     


    

 





“Qualified
ECP Guarantor” means, at any time, each Loan Party that qualifies at such time as an “eligible contract participant”
under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such
time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.


 


“Qualifying
IRB Financing” means: (a) those certain bond financings entered into with the City of Wichita, Kansas in effect on
the Effectiveness Date, and refinancings, replacements or extensions thereof satisfying the conditions of clauses (b)(i)
through (b)(iv) immediately below; and (b) other bond financings entered into from time to time, provided, that,
in each case of this clause (b), (i) such bonds are entered into for the sole purpose of abating personal, sales or real
property taxes of the Loan Parties and their Subsidiaries, (ii) such bonds are issued pursuant to state Law, (iii) such bonds are
purchased by the Loan Parties or Subsidiaries pursuant to a bond purchase agreement, (iv) the Loan Parties or Subsidiaries maintain
ownership of such bonds, (v) there are no Liens on the Property of any Loan Party or Subsidiary in respect of obligations under,
or in connection with, such bonds, or any related guaranty or lease obligations (except to the extent that the terms of the bond
financing, including the lease arrangements, are deemed to result in a Lien in favor of the bond trustee (for itself, or on behalf
of any Loan Party or Subsidiary as holder of the bonds) or any Governmental Authority on the Property that is the subject of the
transaction), (vi) such bonds do not require cash payments by any Loan Party or Subsidiary (after giving effect to the rights
of setoff and netting provided for in such bonds), and (vii) the Parent Guarantor is entitled under GAAP to offset any indebtedness
relating to the obligations with related Property in the same amount, and the effect of such netting is that the obligations are
not reflected as “debt” on the face of the Parent Guarantor’s consolidated balance sheet.


 


“Real Property”
means all right, title and interest of any Loan Party or Subsidiary in and to any and all parcels of, or interests in, real property
owned, leased, licensed or operated (including, without limitation, any leasehold estate) by any Loan Party or Subsidiary, together
with, in each case, all improvements and appurtenant fixtures.


 


“Real Property
Agreements” means any and all leases, subleases, license agreements, tenancy agreements, option agreements, rights
of first refusal, parking agreements, restrictive covenants, easement agreements, concession agreements, rental agreements, occupancy
agreements, franchise agreements, access agreements, and any other agreements (including, without limitation, all amendments, extensions,
replacements, renewals, modifications and/or guarantees thereof), whether or not of record, and whether now in existence or hereafter
entered into, affecting the ownership, operation, use or occupancy of all, or any portion, of any Real Property.


 


“Real Property
Security Documents” means, with respect to the fee or leasehold interest of any Loan Party in any Real Property (other
than any Excluded Property):


 


(a)               
a fully executed and notarized Mortgage encumbering the fee or leasehold interest of such Loan Party in such Real Property;


 


(b)              
if requested by the Collateral Agent, but only to the extent necessary to obtain customary “same as survey”
endorsements (or survey endorsements based upon a ZipMap) to the ALTA mortgagee title insurance policies referred to in clause
(c) of this definition of “Real Property Security Documents”, and to delete any standard printed survey
(or ZipMap) exceptions contained in such title insurance policies, either: (i) maps or plats of an as-built survey of the sites
of such Real Property certified to each of the Collateral Agent and the title insurance company issuing the title insurance policies
referred to in clause (c) of this definition of “Real Property Security Documents”, in a manner satisfactory
to each of the Collateral Agent and such title insurance company, dated as of a date satisfactory to each of the Collateral Agent
and such title insurance company, by an independent professional licensed land surveyor, which maps or plats, and the surveys
on which they are based, shall be made in accordance with the Minimum Standard Detail Requirements for Land Title Surveys jointly
established and adopted by the American Land Title Association and the National Society of Professional Surveyors in 2016 with
items 2, 3, 4, 6(a), 6(b), 7(a), 7(b)(1), 7(c), 8, 9, 13, 14, 16, 17, and 19 on Table A thereof completed; or (ii) if acceptable
to such title insurance company, so-called ZipMaps certified to each of the Collateral Agent and such title insurance company,
in form and substance reasonably acceptable to the Collateral Agent and such title insurance company;


 






     


     


    

 


(c)              
ALTA mortgagee title insurance policies, issued by a title insurance company acceptable to the Collateral Agent, with respect
to such Real Property, assuring the Collateral Agent that the Mortgage covering such Real Property creates a valid and enforceable,
first priority mortgage lien on such Real Property, free and clear of all Liens except Permitted Liens, which title insurance policies
shall: (i) otherwise be in form and substance reasonably satisfactory to the Collateral Agent; and (ii) include such endorsements
as are reasonably requested by the Collateral Agent and which are available at commercially reasonable rates in the jurisdiction
where such Real Property is located;


 


(d)             
evidence as to (i) whether such Real Property is in an area designated by the Federal Emergency Management Agency as
having special flood or mud slide hazards (a “Flood Hazard Property”), including, without limitation,
life-of-loan flood hazard determinations, and (ii) if such Real Property is a Flood Hazard Property, (A) whether the
community in which such Real Property is located is participating in the National Flood Insurance Program, (B) the applicable
Loan Party’s written acknowledgment of receipt of written notification from the Collateral Agent as to (I)  the fact
that such Real Property is a Flood Hazard Property, and (II)  whether the community in which each such Flood Hazard Property
is located is participating in the National Flood Insurance Program, and (C) copies of insurance policies or certificates
of insurance of the Loan Parties evidencing flood insurance on such Real Property, and improvements thereto and contents thereof,
on such terms and in such amounts as required by Flood Insurance Laws, and as otherwise reasonably required by the Collateral Agent
in order to comply with Flood Insurance Laws as interpreted by the Collateral Agent in its reasonable discretion, and naming the
Collateral Agent and its successors and/or assigns as sole loss payee on behalf of the Secured Parties;


 


(e)              
customary legal opinions of local counsel to the Loan Party granting the Mortgage on such Real Property in the jurisdiction
where such Real Property is located, addressed to the Collateral Agent and the Secured Parties, in form and substance reasonably
acceptable to the Collateral Agent;


 


(f)                with
respect to any Real Property leased by the Loan Parties as of the First Amendment Effectiveness Date: (i) such estoppel letters,
consents and waivers from the landlords of such Real Property as may be obtained by the Loan Parties after using, and causing
their Subsidiaries to use, commercially reasonable efforts, as required by the Collateral Agent, which estoppel letters, to the
extent obtained, shall be in the form and substance satisfactory to the Collateral Agent; and (ii) to the extent permitted by
the applicable lease (after using commercially reasonable efforts as required by this Agreement), evidence that the applicable
lease, a memorandum of lease with respect thereto, or other evidence of such lease, in form and substance satisfactory to the
Collateral Agent, has been, or will be, recorded in all places to the extent necessary, in the reasonable judgment of the Collateral
Agent, so as to enable the Mortgage encumbering such leasehold interest to effectively create a valid and enforceable, first priority
Lien (subject to Permitted Liens) on such leasehold interest in favor of the Collateral Agent for the benefit of the Secured Parties;
and


 


(g)              
with respect to any Real Property subject to a Mortgage, evidence reasonably satisfactory to the Collateral Agent that all
filing fees and all Taxes due and payable in connection with such Mortgage have been paid in full.


 






     


     


    

 





“Recipient”
means the Administrative Agent, the Collateral Agent, any Lender, any L/C Issuer, or any other recipient of any payment to be made
by, or on account of, any obligation of any Loan Party hereunder.


 


“Register”
has the meaning specified in Section 11.06(c).


 


“Regulation T”
means Regulation T of the FRB, as from time to time in effect, and all official rulings and interpretations thereunder or
thereof.


 


“Regulation U”
means Regulation U of the FRB, as from time to time in effect, and all official rulings and interpretations thereunder or
thereof.


 


“Regulation X”
means Regulation X of the FRB, as from time to time in effect, and all official rulings and interpretations thereunder or
thereof.


 


“Reimbursement
Date” has the meaning specified in Section 2.03(c).


 


“Related
Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates.


 


“Release”
means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing,
depositing, dispersing, emanating or migrating of any Hazardous Material in, into, onto or through the Environment.


 


“Relevant
Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially
endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York, for the purpose of recommending
a benchmark rate to replace LIBOR in loan and credit agreements similar to this Agreement.


 


“Relevant
Sale” has the meaning specified in Section 2.05(b)(ii).


 


“Remedial
Action” means: (a) “remedial action”, as such term is defined in CERCLA, 42 U.S.C. §–9601(24);
and (b) all other actions required by any Governmental Authority or voluntarily undertaken to (i) clean up, remove, treat, abate
or otherwise take corrective action to address any Hazardous Material in the Environment, (ii) prevent the Release or threat of
Release, or minimize the further Release of any Hazardous Material so it does not migrate or endanger, or threaten to endanger,
public health, welfare or the Environment, or (iii) perform studies and investigations in connection with, or as a precondition
to, clauses (b)(i) or (b)(ii) above.


 


“Removal
Effective Date” has the meaning specified in Section 10.06(b).


 


“Reportable
Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the thirty (30)
day notice period has been waived.


 


“Request
for Credit Extension” means: (a) with respect to a Borrowing, conversion or continuation of Loans, a Loan Notice;
(b) with respect to an L/C Credit Extension, a Letter of Credit Application; and (c) with respect to a Swing Line Loan, a Swing
Line Loan Notice.


 


“Requisite
DDTL Lenders” has the meaning specified in Section 11.01(a)(viii).


 






     


     


    

 





“Requisite
Lenders” means, at any time, Lenders having more than fifty percent (50.0%) of the sum of: (a)
the aggregate amount of the Revolving Commitments, or, after the Revolving Loan Maturity Date or the date that the Revolving Commitments
have otherwise terminated pursuant to the terms of this Agreement, the Revolving Credit Exposure; (b) the aggregate Outstanding
Amount of all Term A Loans and Add-On Term Loans; and (c) the unused amount of the Aggregate Delayed Draw Term Loan Commitments
that are undrawn, plus the aggregate Outstanding Amount of all Delayed Draw Term Loans. The unfunded Commitments of, and
the outstanding Loans, held, or deemed held, by, any Defaulting Lender shall be excluded for purposes of making a determination
of Requisite Lenders.


 


“Requisite
Revolving Lenders” has the meaning specified in Section 11.01(a)(vii).


 


“Resignation
Effective Date” has the meaning specified in Section 10.06(a).


 


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


 


“Responsible
Officer” of any person means: (i) any executive officer or Financial Officer of such person, and any other officer
or similar official thereof with responsibility for the administration of the obligations of such person in respect of this Agreement;
(ii) solely for purposes of the delivery of incumbency certificates pursuant to Section 5.01, the secretary, or any
assistant secretary, of a Loan Party; and (iii) solely for purposes of notices given pursuant to Article II, any
other officer or employee of the applicable Loan Party, so designated by any of the foregoing officers in a notice to the Administrative
Agent, or any other officer or employee of the applicable Loan Party designated in, or pursuant to, an agreement between the applicable
Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party
shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part
of such Loan Party, and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To
the extent requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and, to the extent
requested by the Administrative Agent, appropriate authorization documentation, in each case, in form and substance reasonably
satisfactory to the Administrative Agent.


 


“Restricted
Payment” means: (a) any dividend or other distribution
(whether in cash, securities or other property) with respect to any Equity Interests or Equity Rights in any Loan Party or Subsidiary,
or; (b) any payment (whether in cash, securities
or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any Equity Interests or Equity Rights in any Loan Party or Subsidiary.,
or on account of any return of capital to such Person’s stockholders, partners or members (or the equivalent Person(s) thereof)
(other than, in each case, with respect to any Permitted Convertible / Exchangeable Indebtedness, any Permitted Bond Hedge Transactions,
and any Permitted Warrant Transactions); (c) any payment in cash to holders upon conversion or exchange of any Permitted Convertible
/ Exchangeable Indebtedness in excess of the original principal (or notional) amount thereof, and interest thereon, made at the
option of the Borrower or the Parent Guarantor instead of the delivery of Equity Interests or other securities or property deliverable
thereunder; and (d) any cash payment made in connection with the settlement of a Permitted Warrant Transaction solely to
the extent that the Parent Guarantor has the option of satisfying such payment obligation through the issuance of shares of common
stock.


 


“Revolving
Availability Period” means, with respect to the Revolving Commitments, the period from, and including, the Effectiveness
Date to, but excluding, the earliest of: (a) the Revolving Loan Maturity Date; (b) the date of termination of the Aggregate
Revolving Commitments pursuant to Section 2.06; and (c) the date of termination of the commitment of each Lender to make
Loans, and of the obligation of each L/C Issuer to make L/C Credit Extensions, pursuant to Section 9.02, Section 9.03
or Section 9.04, as applicable.


 






     


     


    

 


“Revolving
Commitment” means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section
2.01(a), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in each case
of the foregoing clauses (a) through (c), in an aggregate principal amount at any one time outstanding not to
exceed the amount set forth opposite such Lender’s name on Schedule I, in the Assignment and Assumption pursuant
to which such Lender becomes a party hereto, or in the Increase Joinder pursuant to which such Lender becomes a party hereto, as
applicable, as such amount may be adjusted from time to time in accordance with this Agreement.


 


“Revolving
Commitment Fee” has the meaning specified in Section 2.09(a).


 


“Revolving
Credit Exposure” means, as to any Lender at any time, the aggregate principal amount at such time of its outstanding
Revolving Loans, and such Lender’s participation in L/C Obligations and Swing Line Loans at such time.


 


“Revolving
Lender” means a Lender with a Revolving Commitment or an outstanding Revolving Loan, in its capacity as such.


 


“Revolving
Loan” has the meaning specified in Section 2.01(a).


 


“Revolving
Loan Maturity Date” means July 12, 2023.


 


“Revolving
Note” has the meaning specified in Section 2.11(a).


 


“S&P”
means Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc., and any successor thereto.


 


“S-X
Filing Regulation” means 17 C.F.R. §–210.3-16, as from time to time in effect, or any successor or replacement
provision, and all official rulings or interpretations thereunder or thereof.


 


“Sale and
Leaseback Transaction” has the meaning specified in Section 8.13.


 


“Sanction(s)”
means any sanction administered or enforced by the United States Government (including, without limitation, OFAC), the United Nations
Security Council, the European Union, Her Majesty’s Treasury (“HMT”) or other relevant applicable
sanctions authority.


 


“Scheduled
Unavailability Date” has the meaning specified in Section 3.03(c).


 


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


 


“Second
Extended DDTL Availability Expiration Date” has the meaning specified in the definition of “Delayed Draw
Term Loan Availability Period” above.


 


“Second
Extension Period” has the meaning specified in the definition of “Delayed Draw Term Loan Availability Period”
above.


 


“Secured
Obligations” has the meaning specified in the Security Agreement.


 






     


     


    

 





“Secured
Parties” means, collectively, the Loan Document Secured Parties and the 2026 Noteholders.


 


“Securitization
Transaction” means, with respect to any Person, any financing transaction, or series of financing transactions (including
factoring arrangements), pursuant to which such Person, or any Subsidiary thereof, may sell, convey or otherwise transfer, or grant
a security interest in, accounts, payments, receivables, rights to future lease payments or residuals or similar rights to payment
and related assets, in each case, to a special purpose subsidiary or affiliate of such Person.


 


“Security
Agreement” means that certain pledge and security agreement, dated as of the First Amendment Effectiveness Date,
executed in favor of the Collateral Agent, for the benefit of the Secured Parties, by the Parent Guarantor, the Borrower, and Spirit
AeroSystems North Carolina, Inc., a North Carolina corporation.


 


“Senior
Secured Leverage Ratio”
means, solely at all times during the FCR Period, the ratio of: (a)
all indebtedness of the Parent Guarantor and its Subsidiaries, on a consolidated basis, as determined in accordance with GAAP (including,
without limitation, Indebtedness of the types described in clauses (a)
and (b) of the definition of “Indebtedness” above, but excluding, for
the avoidance of doubt, Indebtedness of the type described in clause (g) of the definition
of “Indebtedness” above) that is secured by a Lien (including,
without limitation, solely at all times during the CSAG Period, Consolidated Secured Credit Facility Indebtedness);
to (b) Consolidated EBITDA for the last ended Test Period. Notwithstanding anything to the contrary
in the foregoing, in no event will obligations or liabilities in respect of any Equity Interests be included in any calculation
of the Senior Secured Leverage Ratio.


 


“Significant
Subsidiary” means: (a) any Subsidiary of the Parent Guarantor (other than the Borrower) that would be a “significant
subsidiary” as defined in Article 1, Rule 1–02 of Regulation S–X, promulgated pursuant to the
Securities Act of 1933 (as amended), as such Regulation is in effect on the Effectiveness Date; and (b) any Subsidiary of
the Parent Guarantor (other than the Borrower) which, when aggregated with all other Subsidiaries of the Parent Guarantor (other
than the Borrower) that are not otherwise Significant Subsidiaries and as to which any event described in Section 9.01(i)
has occurred and is continuing, would constitute a Significant Subsidiary under clause (a) above.


 


“SOFR”
means, with respect to any day, the secured overnight financing rate published for such day by the Federal Reserve Bank of New
York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s website
(or any successor source), and, in each case, that has been selected or recommended by the Relevant Governmental Body.


 


“SOFR-Based
Rate” means: (a) SOFR; or (b) Term SOFR.


 


“Specified
Customer Loans and Advances” means, solely at all times during the CSAG Period, collectively: (a) those
certain loans and/or advances from customers listed on Schedule 8.02–CSAG in an aggregate amount outstanding as of
the First Amendment Effectiveness Date equal to Ten Million Dollars ($10,000,000); and (b) any Indebtedness incurred pursuant to
Section 8.02(b)(xxii).


 


“Specified
Event of Default” means an Event of Default arising under Section 9.01(a) or Section 9.01(i).


 


“Specified
Loan Party” has the meaning specified in Section 4.08.


 


“Specified
Representations” means the representations of the Loan Parties contained in Section 6.01, the lead-in to
Section 6.02 (that is, execution, delivery and performance by each Loan Party of this Agreement and each other Loan Document
to which it is a party, the borrowing of the Add-On Term Loans, and the use of the proceeds thereof are within each Loan Party’s
corporate, partnership or comparable powers, as the case may be, have been duly authorized by all necessary corporate, partnership
or comparable and, if required, stockholder action, as the case may be), Section 6.02(a) and Section 6.02(b), Section
6.03 (with respect to the Investment Company Act only), Section 6.04, Section 6.08 (insofar as it relates to
the execution, delivery and performance of the Loan Documents), Section 6.14, Section 6.17 and Section 6.19.


 






     


     


    

 


“Specified
Swap Contract” means any Swap Contract in favor of any Loan Party that is in existence on the Fourth Amendment Effectiveness
Date.


 


“Subsidiary”
means, with respect to any Person, (a) any corporation of which more than fifty percent (50.0%) of the outstanding Equity
Interests having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether,
at the time, Equity Interests of any other class or classes of such corporation shall or might have voting power upon the occurrence
of any contingency) is, at the time, directly or indirectly, owned by such Person, by such Person and one (1) or more other Subsidiaries
of such Person, or by one (1) or more other Subsidiaries of such Person, (b) any partnership of which more than fifty percent
(50.0%) of the outstanding Equity Interests having the power to act as a general partner of such partnership (irrespective of whether
at the time any Equity Interests other than general partnership interests of such partnership shall or might have voting power
upon the occurrence of any contingency) are, at the time, directly or indirectly, owned by such Person, by such Person and one
(1) or more other Subsidiaries of such Person, or by one (1) or more other Subsidiaries of such Person, or (c) any limited liability
company, association, joint venture or other entity in which such Person, and/or one (1) or more Subsidiaries of such Person, have
more than a fifty percent (50.0%) Equity Interest at the time; provided, that, so long as (i) it is managed
as a tenancy-in-common, (ii) it is engaged solely in the purchase of natural gas on behalf of the Borrower and the other
partners and activities incidental thereto, and (iii) it does not amend its Organizational Documents in a manner materially
adverse to the Administrative Agent, the Collateral Agent or the Lenders, Kansas Industrial Energy Supply Company shall be deemed
not to be a Subsidiary of any Loan Party for purposes of Article VI, Article VII (other than Section 7.01)
and Article VIII. Unless otherwise indicated, when used in this Agreement, the term “Subsidiary” shall
refer to a Subsidiary of the Parent Guarantor or another Loan Party, as applicable.


 


“Supported
QFC” has the meaning specified in Section 11.20.


 


“Swap Bank”
means (a) any Person that is a Lender, or an Affiliate of a Lender, at the time that it becomes a party to a Swap Contract with
any Loan Party or Subsidiary, and (b) any Person that, at the time it (or its Affiliate) becomes a Lender, is party to a Swap Contract
with any Loan Party or Subsidiary in existence as of such date (even if such Person (or its Affiliate) ceases to be a Lender);
provided, that, in the case of a Guaranteed Swap Contract with a Person who is no longer a Lender (or an Affiliate
of a Lender), such Person shall be considered a Swap Bank only through the stated termination date (without extension or renewal)
of such Guaranteed Swap Contract.


 


“Swap
Contract” means: (a) any and all rate swap transactions, basis
swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts,
equity or equity index swaps or options, bond or bond price or bond index swaps or options, or forward bond or forward bond price
or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions,
collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any
other similar transactions, or any combination of any of the foregoing (including any options to enter into any of the foregoing),
whether or not any such transaction is governed by, or subject to, any master agreement;,
and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions
of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International
Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules,
a “Master Agreement”), including any such obligations or liabilities under any Master Agreement;
provided, that, for the avoidance of doubt, the term “Swap Contract” shall not include any Permitted
Convertible / Exchangeable Indebtedness, any Permitted Bond Hedge Transactions, or any Permitted Warrant Transactions.


 






     


     


    

 


“Swap Obligations”
means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes
a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.


 


“Swap Termination
Value” means, in respect of any one (1) or more Swap Contracts, after taking into account the effect of any legally
enforceable netting agreement relating to such Swap Contracts: (a) for any date on or after the date on which such Swap Contracts
have been closed out and termination value(s) determined in accordance therewith, such termination value(s); and (b) for any date
prior to the date referenced in clause (a) above, the amount(s) determined as the mark-to-market value(s) for such Swap
Contracts, as determined based upon one (1) or more mid-market or other readily available quotations provided by any recognized
dealer in such Swap Contracts (which may include a Lender or an Affiliate of a Lender).


 


“Swing
Line Lender” means, as the context may require: (a) Bank of America, in its capacity as provider of Swing Line Loans,
and its successors in such capacity; (b) any other consenting Revolving Lender approved by the Administrative Agent and the Borrower
in its capacity as provider of Swing Line Loans, and its successors in such capacity; and (c) collectively, all of the foregoing.


 


“Swing
Line Loan” has the meaning specified in Section 2.04(a).


 


“Swing
Line Loan Notice” means a notice of a Borrowing of Swing Line Loans pursuant to Section 2.04(b), which shall
be substantially in the form of Exhibit 2.04(b) or such other form as approved by the Administrative Agent (including any
form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately
completed and signed by a Responsible Officer of the Borrower.


 


“Swing
Line Note” has the meaning specified in Section 2.11(a).


 


“Swing
Line Sublimit” means an amount equal to the lesser of: (a) Seventy-Five Million Dollars ($75,000,000); and
(b) the Aggregate Revolving Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.


 


“Synthetic
Lease” means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet
financing arrangement, whereby the arrangement is considered borrowed money indebtedness for tax purposes but is classified as
an operating lease, or does not otherwise appear on a balance sheet under GAAP.


 


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


 


“Term A
Lender” means a Lender with a Term A Loan Commitment or an outstanding Term A Loan, in its capacity as such.


 






     


     


    

 





“Term A
Loan” means the Loan made pursuant to Section 2.01(b). As of the First Amendment Effectiveness Date,
the aggregate outstanding amount of the Term Loan A was One-Hundred Ninety-Five Million Nine-Hundred Thirty-Seven Thousand Five
Hundred Dollars ($195,937,500.00).


 


“Term A
Loan Commitment” means, with respect to each Term A Lender, the commitment of such Lender to make a Term A Loan hereunder
on the Effectiveness Date, expressed as an amount representing the maximum principal amount of the Term A Loan to be made by such
Lender hereunder, as the same may be reduced from time to time pursuant to the provisions of this Agreement. The amount of each
Lender’s Term A Loan Commitment is set forth in Schedule I, or in the Assignment and Assumption pursuant to which
such Lender shall have assumed its Term A Loan Commitment, as applicable. As of the First Amendment Effectiveness Date, the aggregate
amount of the Term A Lenders’ Term A Loan Commitments available to be drawn was Zero Dollars ($0.00).


 


“Term A
Note” has the meaning specified in Section 2.11(a).


 


“Term Loan
Commitment” means any Term A Loan Commitment, Delayed Draw Term Loan Commitment, and/or Add-On Term Loan Commitment.


 


“Term Loan
Maturity Date” means July 12, 2023.


 


“Term Loans”
means the Term A Loan, each Delayed Draw Term Loan, and each Add-On Term Loan.


 


“Term SOFR”
means the forward-looking term rate for any period that (a) is approximately (as determined by the Administrative Agent) as long
as any of the Interest Period options set forth in the definition of “Interest Period” above, (b) is based on
SOFR, and (c) has been selected or recommended by the Relevant Governmental Body, in each case of the foregoing clauses (a)
through (c), as published on any information service as selected by the Administrative Agent from time to time in its reasonable
discretion.


 


“Test Period”
means the four (4) consecutive complete Fiscal Quarters of the Parent Guarantor then last ended for which financial statements
have been delivered pursuant to Section 7.01(a) or Section 7.01(b) for the applicable Fiscal Quarter or Fiscal
Year.


 


“Total
Credit Exposure” means, as to any Lender hereunder at any time, the unused Commitments, Revolving Credit Exposure
and outstanding amount of all Term Loans of such Lender at such time.


 


“Total
Leverage Ratio” means, solely
at all times that are not during the FCR Period,
the ratio of: (a) Consolidated Indebtedness as of such date; to (b) Consolidated EBITDA for the last ended Test
Period.


 


“Total
Revolving Outstandings” means the aggregate Outstanding Amount of all Revolving Loans, all Swing Line Loans, and
all L/C Obligations.


 


“Treasury
Management Agreement” means any agreement governing the provision of treasury or cash management services, including
deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check
concentration, controlled disbursement, lockbox, account reconciliation, reporting and trade finance services, supply chain finance
programs, cash pooling arrangements and other cash management services.


 


“Treasury
Management Bank” means: (a) any Person that is a Lender, or an Affiliate of a Lender, at the time that it becomes
a party to a Treasury Management Agreement with any Loan Party or Subsidiary; and (b) any Person that, at the time (it or its
Affiliate) becomes a Lender, is a party to a Treasury Management Agreement with any Loan Party or Subsidiary in existence as of
such date (even if such Person (or its Affiliate) ceases to be a Lender).


 






     


     


    

 


“Type”
means, with respect to any Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan.


 


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


 


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


 


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


 


“Undisclosed
Administration” means the appointment of a receiver, custodian, conservator, trustee, administrator or similar Person
by any regulatory authority acting in such a capacity under, or based on, the Law in the country where such Lender, or such parent
company, is subject to home jurisdiction, if the applicable Law requires that such appointment not be disclosed.


 


“United
States” and “U.S.” mean the United States of America.


 


“Unreimbursed
Amount” has the meaning specified in Section 2.03(c)(i).


 


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


 


“U.S.
Special Resolution Regime” has the meaning specified in Section 11.20.


 


“U.S.
Tax Compliance Certificate” has the meaning specified in Section 3.01(e)(ii)(B)(III).


 


“Voting
Stock” means, with respect to any Person, any class or classes of Equity Interests pursuant to which the holders
thereof have the general voting power under ordinary circumstances to elect at least a majority of the Board of Directors
of such Person.


 


“Weighted
Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing:
(a) the then outstanding principal amount of such Indebtedness; by (b) the sum of the total of the products obtained
by multiplying (i) the amount of each scheduled installment, sinking fund, serial maturity, or other required payment of
principal, including, without limitation, payment at final maturity, in respect thereof, by (ii) the number of years (calculated
to the nearest one-twelfth (1/12)) that will elapse between such date and the making of such payment.


 


“Welfare
Plan” means a “welfare plan”, as such term is defined in Section 3(1) of ERISA, that is maintained,
or contributed to, by a Loan Party or Subsidiary, or with respect to which a Loan Party or Subsidiary could incur liability.


 






     


     


    

 





“Wholly
Owned Subsidiary” means, with respect to any Person, any Subsidiary of such Person of which all of the Equity Interests
(other than, in the case of a Foreign Subsidiary, directors’ qualifying shares, to the extent legally required) are, directly
or indirectly, owned and controlled by such Person, or by one (1) or more Wholly Owned Subsidiaries of such Person. Unless otherwise
indicated, when used in this Agreement, the term “Wholly Owned Subsidiary” shall refer to a Wholly Owned Subsidiary
of the Parent Guarantor or another Loan Party, as applicable.


 


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


 


1.02            
Other Interpretive Provisions.


 


With reference to this
Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document:


 


(a)              
The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the
context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
 “includes” and “including” shall be deemed to be followed by the phrase “, without
limitation,”. The word “will” shall be construed to have the same meaning and effect as the word “shall”.
Unless the context requires otherwise: (i) any definition of or reference to any agreement, instrument or other document (including
any Organizational Document) shall be construed as referring to such agreement, instrument or other document as from time to time
amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth
herein or in any other Loan Document); (ii) any reference herein to any Person shall be construed to include such Person’s
successors and assigns; (iii) the words “hereto”, “herein”, “hereof” and
 “hereunder”, and words of similar import, when used in any Loan Document, shall be construed to refer to such
Loan Document in its entirety, and not to any particular provision thereof; (iv) all references in a Loan Document to Articles,
Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan
Document in which such references appear; (v) any reference to any law shall include all statutory and regulatory provisions consolidating,
amending, replacing or interpreting such law, and any reference to any law or regulation shall, unless otherwise specified, refer
to such law or regulation as amended, modified or supplemented from time to time; and (vi) the words “asset”
and “property” shall be construed to have the same meaning and effect, and to refer to, any and all real and
personal Property and tangible and intangible assets and properties, including cash, securities, accounts and contract rights.


 


(b)              
In the computation of periods of time from a specified date to a later specified date, the word “from”
means “from, and including,”; the words “to” and “until” each mean
 “to, but excluding,”; and the word “through” means “to, and including,”.


 


(c)               Section
headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation
of this Agreement or any other Loan Document.


 






     


     


    

 





(d)               Any
reference herein to a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer,
or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a
series of a limited liability company (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation,
amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate
Person. Any division of a limited liability company shall constitute a separate Person hereunder (and each division of any limited
liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity).


 


1.03            
Accounting Terms.


 


(a)               
Generally. Except as otherwise specifically prescribed herein, all accounting terms not specifically or completely
defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations)
required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as
in effect from time to time; provided, that, (i) calculations made on a Pro Forma Basis shall be made as provided
in clause (c) below, and (ii) calculations of attributable indebtedness under any Synthetic Lease (the capitalized amount
of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such
date in accordance with GAAP, if such lease were accounted for as a Capital Lease) or the implied interest component of any Synthetic
Lease shall be made by the applicable Person in accordance with accepted financial practice and consistent with the terms of such
Synthetic Lease.


 


(b)               
Changes in GAAP. If, at any time, any change in GAAP (including the adoption of IFRS) would affect the computation
of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Requisite Lenders shall so
request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement
to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Requisite Lenders); provided,
that, until so amended or the request for amendment has been withdrawn, (i) such ratio or requirement shall continue to
be computed in accordance with GAAP prior to such change therein, and (ii) to the extent requested by the Administrative Agent,
the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under
this Agreement, or as requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made
before and after giving effect to such change in GAAP. Notwithstanding anything to the contrary in the foregoing, for all purposes
of this Agreement (including, without limitation, the provisions of Article VII (including, without limitation, the Financial
Covenants)), leases shall continue to be classified and accounted for on a basis consistent with that reflected in the Audited
Financial Statements for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto, unless the parties
hereto shall enter into a mutually acceptable amendment addressing such changes, as provided for above.


 


(c)               
Calculations. Notwithstanding anything to the contrary in the above, the parties hereto acknowledge and agree that,
for purposes of determining compliance by the Loan Parties with any financial covenant, ratio, or test described herein (including,
without limitation, the Total Leverage Ratio, the Senior SecuredFirst
Lien Leverage Ratio, the Interest Coverage Ratio, and minimum Liquidity, and in calculating Consolidated Total Assets
and Consolidated Net Income, and, in each case, any financial calculations or components required to be made or included therein),
all such compliance calculations shall be made on a Pro Forma Basis by the Borrower acting reasonably and in good faith.


 






     


     


    

 





(d)                FASB
ASC 825 and FASB ASC 470–20. Notwithstanding anything to the contrary in the aboveforegoing,
for purposes of determining: (i) compliance with any covenant
(including, without limitation, the computation of any applicable Financial Covenant) contained herein, Indebtedness of the Parent
Guarantor and its Subsidiaries shall be deemed to be carried at one hundred percent (100.0%) of the outstanding principal amount
thereof, and the effects of FASB ASC 825 and FASB ASC 470–20 on financial liabilities shall be disregarded;
and (ii) any applicable calculations set forth in this Agreement, the principal amount of Permitted Convertible / Exchangeable
Indebtedness shall be the outstanding principal (or notional) amount thereof, valued at par.


 


1.04            
Rounding.


 


Any financial ratios
required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component
by the other component, carrying the result to one (1) place more than the number of places by which such ratio is expressed herein
and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).


 


1.05            
Times of Day.


 


Unless otherwise specified,
all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable).


 


1.06            
Letter of Credit Amounts.


 


Unless otherwise specified
herein, the amount of a Letter of Credit, at any time, shall be deemed to be the stated amount of such Letter of Credit in effect
at such time; provided, that, with respect to any Letter of Credit that, by its terms or the terms of any Issuer
Document related thereto, provides for one (1) or more automatic increases in the stated amount thereof, the amount of such Letter
of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether
or not such maximum stated amount is in effect at such time.


 


ARTICLE
II



THE COMMITMENTS AND CREDIT EXTENSIONS


 


2.01            
Commitments.


 


(a)              
Revolving Loans. Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to
make loans (each such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time on any
Business Day during the Revolving Availability Period in an aggregate amount not to exceed at any time outstanding the
amount of such Lender’s Revolving Commitment; provided, that, after giving effect to any Borrowing of Revolving
Loans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving
Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment. Within the limits of each Lender’s
Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this clause (a),
prepay under Section 2.05, and reborrow under this clause (a). Revolving Loans may be Base Rate Loans or Eurodollar
Rate Loans, or a combination thereof, as further provided herein.


 


(b)              
Term A Loan. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make its
portion of a term loan (the “Term A Loan”) to the Borrower in Dollars on the Effectiveness Date in an
amount not to exceed such Lender’s Term A Loan Commitment. Amounts repaid on the Term A Loan may not be reborrowed.
The Term A Loan may consist of Base Rate Loans or Eurodollar Rate Loans or a combination thereof, as further provided herein.


 






     


     


    

 


(c)              
Delayed Draw Term Loans. Subject to the terms and conditions set forth herein, each Delayed Draw Term Loan Lender
severally agrees to make its portion of a term loan (each, a “Delayed Draw Term Loan”) to the Borrower
in Dollars in up to two (2) Delayed Draw Term Loan Borrowings, each on any Business Day during the Delayed Draw Term Loan Availability
Period, and in an aggregate amount not to exceed such Delayed Draw Term Loan Lender’s Delayed Draw Term Loan Commitment.
Amounts repaid on the Delayed Draw Term Loans may not be reborrowed. Each Delayed Draw Term Loan may consist of Base Rate
Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein.


 


(d)               Borrower
Request. The Borrower may, from time to time during the Incremental Funds Availability Period, by written notice to the Administrative
Agent, elect to increase the existing Revolving Commitments and/or institute an Add-On Term Loan by an amount not in excess
of Seven-Hundred Fifty Million Dollars ($750,000,000) in the aggregate as follows:


 


(i)                       
Increase in Revolving Commitments. The Borrower may, from time to time solely during the Incremental Funds
Availability Period, by written notice to the Administrative Agent, request to increase the Revolving Commitments. Each such notice
shall specify the date (each, an “Increase Effective Date”) on which the Borrower proposes that the increased
Revolving Commitments shall be effective, which shall be a date not less than five (5) Business Days (or such shorter period
as the Administrative Agent may agree in writing) after the date on which such notice is delivered to the Administrative Agent;
provided, that, any existing Lender approached to provide all, or a portion, of the increased Revolving Commitments
may elect or decline, in its sole discretion, to provide such increased Revolving Commitment, and the Borrower shall not be obligated
to offer all, or any portion, of the increased Revolving Commitments to any existing Lender.


 


(A)             
Conditions. The increased Revolving Commitments shall become effective as of such Increase Effective Date; provided,
that:


 


(I)                          each
of the conditions set forth in Section 5.02 shall be satisfied or waived in accordance with the terms hereof;


 


(II)                       
any such increase shall be in a minimum principal amount of Twenty-Five Million Dollars ($25,000,000) and in integral multiples
of One Million Dollars ($1,000,000) in excess thereof;


 


(III)                      
no Default or Event of Default shall have occurred and be continuing or would result from the borrowings made on the Increase
Effective Date, if any;


 


(IV)                     
the Borrower shall deliver, or cause to be delivered, any legal opinions or other documents reasonably requested by the
Administrative Agent in connection with any such transaction; and


 





(V)                       
any Person providing any portion of the increased Revolving Commitments that is not an existing Lender must be: (1) an Eligible
Assignee; and (2) reasonably acceptable to the L/C Issuer and the Swing Line Lender.


 






     


     


    

 


(B)             
Terms of New Revolving Loans and Commitments. The terms and provisions of Revolving Loans made pursuant to increased
Revolving Commitments shall be identical to the Revolving Loans. The increased Revolving Commitments shall be effected by a joinder
agreement (the “Increase Joinder”) executed by the Borrower, the Administrative Agent, and each Lender
making such increased Revolving Commitment, in form and substance reasonably satisfactory to each of them. Any such Increase Joinder
may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as are mutually
agreed by the Borrower and the Administrative Agent to effect the provisions of this clause (d)(i). In addition, unless
otherwise specifically provided herein, all references in Loan Documents to Revolving Loans shall be deemed, unless the context
otherwise requires, to include references to Revolving Loans made pursuant to increased Revolving Commitments made pursuant to
this Agreement.


 


(C)             
Adjustment of Revolving Loans. Each of the Revolving Lenders having a Revolving Commitment prior to such Increase
Effective Date (the “Pre-Increase Revolving Lenders”) shall assign to any Revolving Lender
which is acquiring a new or additional Revolving Commitment on the Increase Effective Date (the “Post-Increase
Revolving Lenders”), and such Post-Increase Revolving Lenders shall purchase from each Pre-Increase Revolving Lender,
at the principal amount thereof, such interests in the Revolving Loans and participation interests in L/C Obligations and Swing
Line Loans outstanding on such Increase Effective Date as shall be necessary in order that, after giving effect to all such assignments
and purchases, such Revolving Loans and participation interests in L/C Obligations and Swing Line Loans will be held by Pre-Increase
Revolving Lenders and Post-Increase Revolving Lenders ratably in accordance with their Revolving Commitments after giving effect
to such increased Revolving Commitments.


 


(D)              
Equal and Ratable Benefit. The Revolving Commitments established pursuant to this clause (d)(i), if any, shall
constitute Revolving Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan
Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guaranty.


 


(ii)                       
Institution of Add-On Term Loan. The Borrower may, solely at all times during the Incremental Funds
Availability Period, by written notice to the Administrative Agent, institute one (1) or more additional term loans (each, an “Add-On
Term Loan”). Each such notice shall specify the date (the “Add-On Term Loan Effective Date”)
on which the Borrower proposes that the Add-On Term Loan shall be advanced, which date shall be not less than five (5) Business
Days (or such shorter period as the Administrative Agent may agree in writing) after the date on which such notice is delivered
to the Administrative Agent; provided, that, any existing Lender approached to provide all, or a portion, of the
Add-On Term Loan may elect or decline, in its sole discretion, to provide such Add-On Term Loan, and the Borrower shall not be
obligated to offer all, or any portion, of such Add-On Term Loan to any existing Lender.


 






     


     


    

 






 


(A)             
Conditions. The institution of the Add-On Term Loan shall be subject to the following conditions:


 





(I)                  
  each of the conditions set forth in Section 5.02 shall be satisfied or waived in accordance with the terms hereof;


 


(II)                   
no Default or Event of Default shall have occurred and be continuing or would result from the Add-On Term Loan made on the
Add-On Term Loan Effective Date, if any;


 


(III)                  
the Borrower shall deliver, or cause to be delivered, any legal opinions or other documents reasonably requested by the
Administrative Agent in connection with any such transaction;


 


(IV)                  
any Person providing any portion of the Add-On Term Loan that is not an existing Lender must be an Eligible Assignee;


 


(V)                    any institution of the Add-On Term Loan shall be in a minimum principal amount of Fifty Million Dollars ($50,000,000), and
in integral multiples of Ten Million Dollars ($10,000,000) in excess thereof;


 


(VI)                  other
than with respect to any Add-On Term Loan the proceeds of which shall be used to finance a Permitted Acquisition or any other
Investment permitted under Section 8.04, a Responsible Officer of the Borrower shall deliver to the Administrative Agent
a Pro Forma Compliance Certificate demonstrating that the Borrower would be in compliance with all applicable Financial Covenants
in effect at such time on a Pro Forma Basis, recomputed as of the last day of the last ended Test Period; and


 


(VII)                
the Applicable Rate, fees and scheduled principal amortization payments under each Add-On Term Loan shall be as set forth
in the Add-On Term Loan Lender Joinder Agreement.


 


(B)             
Terms of the Add-On Term Loan. As contemplated above, some of the terms and provisions of Add-On Term Loan shall
be effected by the applicable Add-On Term Loan Lender Joinder Agreement executed by the Borrower, the Administrative Agent and
each Lender making an Add-On Term Loan, in form and substance reasonably satisfactory to each of them. Any such Add-On Term Loan
Lender Joinder Agreement may, without the consent of any other Lenders, effect such amendments to this Agreement and the other
Loan Documents as are mutually agreed by the Borrower and the Administrative Agent to effect the provisions of this clause (d)(ii).
In addition, unless otherwise specifically provided herein, all references in Loan Documents to Loans shall be deemed, unless the
context otherwise requires, to include references to the Add-On Term Loans.


 


(C)             
Equal and Ratable Benefit. The Add-On Term Loans made pursuant to this clause (d)(ii) shall be entitled to
all the benefits afforded by this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally
and ratably from the Guaranty.


 






     


     


    

 


Notwithstanding
anything to the contrary in the foregoing or in Section 5.02(a), if the proceeds of any Add-On Term Loan are being
used to finance a Permitted Acquisition made pursuant to an acquisition agreement, binding on the Borrower or its Subsidiary,
entered into in advance of the consummation thereof (an “Acquisition Agreement”), and the Borrower
has obtained, on or prior to the closing thereof, binding commitments of Lenders to fund such Add-On Term Loan
(“Acquisition Financing Commitments”), then the conditions to the funding and incurrence of any
such Add-On Term Loan shall be limited as follows: (A) the condition set forth in Section 5.02(a) shall apply only
with respect to Specified Representations; (B) the representations and warranties in the Acquisition Agreement made by, or
with respect to, the target that are material to the interests of the Lenders providing such Add-On Term Loan shall be true
and correct in all material respects, but only to the extent that the Borrower or applicable Subsidiary has the right to
terminate its obligations under the Acquisition Agreement or not consummate such Permitted Acquisition as a result of a
breach of such representations and warranties in such Acquisition Agreement; and (C) the reference to “no
Default” in Section 5.02(b) shall mean (I) the absence of a Default at the date the applicable Acquisition
Agreement is executed and delivered, and (II) the absence of a Specified Event of Default at the date the applicable
Permitted Acquisition is consummated. For purposes of clarity, increases in the Aggregate Revolving Commitments shall not
be subject, at any time, to the Incremental Funds Certain Provisions. Nothing in the foregoing constitutes a waiver of any
Default or Event of Default under this Agreement, or of any rights or remedies of Lenders, the Administrative Agent and the
Collateral Agent under any provision of the Loan Documents. The provisions of this paragraph are collectively referred to in
this Agreement as the “Incremental Funds Certain Provision”.


 


For purposes
of determining compliance on a Pro Forma Basis with any Financial Covenants or other ratio requirement under this Agreement, or
whether a Default or Event of Default has occurred and is continuing, in each case, in connection with the consummation of an Acquisition
using proceeds from an Add-On Term Loan that qualifies to be subject to the Incremental Funds Certain Provision, the date of determination
shall, at the option of the Borrower, be the date of execution of such Acquisition Agreement, and such determination shall be made
on a Pro Forma Basis, and, for the avoidance of doubt, if any such Financial Covenant or other ratio requirement is subsequently
breached as a result of fluctuations in the ratio that is subject of such Financial Covenant or other ratio requirement (including
due to fluctuations in Consolidated EBITDA of the Borrower or the EBITDA of the target), at or prior to the consummation of such
Acquisition (and the other transactions to be entered into in connection therewith), such Financial Covenant or other ratio requirement
will not be deemed to have been breached as a result of such fluctuations solely for the purpose of determining whether
such Acquisition (and the other transactions to be entered into in connection therewith) constitutes a Permitted Acquisition; provided,
that, (i) if the Borrower elects to have such determination occur at the time of entry into the applicable Acquisition Agreement
(and not at the time of consummation of the Acquisition), the Add-On Term Loan to be incurred shall be deemed incurred at the time
of such election (unless the applicable Acquisition Agreement is terminated without actually consummating the applicable Permitted
Acquisition (in which case, such Acquisition and related Add-On Term Loan will not be treated as having occurred)) and outstanding
thereafter for purposes of calculating compliance, on a Pro Forma Basis, with any applicable ratio requirement in this Agreement
(even if unrelated to determining whether such Acquisition is a Permitted Acquisition) (but not, for purposes of clarity, in calculating
compliance with the Financial Covenants), and (ii) EBITDA of the target shall be disregarded for all purposes under this Agreement,
other than determining whether such Acquisition is a Permitted Acquisition until the consummation of such Permitted Acquisition.


 






     


     


    

 


2.02          
Borrowings, Conversions and Continuations of Loans.


 


(a)                Each
Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made
upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan
Notice. Each such notice must be received by the Administrative Agent not later than 11:00 a.m.: (i) three (3)
Business Days prior to the requested date of any Borrowing of, conversion to or continuation of, Eurodollar Rate Loans or of
any conversion of Eurodollar Rate Loans to Base Rate Loans; and (ii) on the requested date of any Borrowing of Base Rate
Loans. Each telephonic notice by the Borrower pursuant to this clause (a) must be confirmed promptly by delivery to
the Administrative Agent of a Loan Notice. Each Borrowing of, conversion to, or continuation of Eurodollar Rate Loans shall
be in a principal amount of Two Million Dollars ($2,000,000), or a whole multiple of One Million Dollars ($1,000,000) in
excess thereof. Except as provided in Section 2.03(c) and Section 2.04(c), each Borrowing of, or conversion to,
Base Rate Loans shall be in a principal amount of One Million Dollars ($1,000,000), or a whole multiple of Five-Hundred
Thousand Dollars ($500,000) in excess thereof. Each Loan Notice and each telephonic notice shall specify: (i) whether the
Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurodollar Rate
Loans; (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business
Day); (iii) the principal amount of Loans to be borrowed, converted or continued; (iv) the Type of Loans to be borrowed or to
which existing Loans are to be converted; and (v) if applicable, the duration of the Interest Period with respect thereto. If
the Borrower fails to specify a Type of a Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a
conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans. Any such automatic
conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the
applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate
Loans in any Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of
one (1) month.


 


(b)               
Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable
Percentage of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative
Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans as described in the preceding paragraph.
In the case of a Borrowing, each Lender shall make the amount of its Loan available to the Administrative Agent in immediately
available funds at the Administrative Agent’s Office not later than 2:00 p.m. on the Business Day specified in the
applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 5.02 (and, if such Borrowing
is the initial Credit Extension, Section 5.01), the Administrative Agent shall make all funds so received available to the
Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books
of Bank of America with the amount of such funds, or (ii) wire transfer of such funds, in each case in accordance with instructions
provided to (and acceptable to) the Administrative Agent by the Borrower; provided, that, if, on the date of a Borrowing
of Revolving Loans, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied
to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrower as provided
above.


 


(c)               
Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of the Interest
Period for such Eurodollar Rate Loan. During the existence of an Event of Default, no Loans may be requested as, converted to or
continued as Eurodollar Rate Loans without the consent of the Requisite Lenders, and the Requisite Lenders may demand that any
or all of the then outstanding Eurodollar Rate Loans be converted immediately to Base Rate Loans.


 


(d)               
The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest
Period for Eurodollar Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the
Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in determining
the Base Rate promptly following the public announcement of such change.


 





(e)               
After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans
as the same Type, there shall not be more than ten (10) Interest Periods in effect with respect to all Loans.


 






     


     


    

 


(f)                
Notwithstanding anything to the contrary in this Agreement or the Existing Credit Agreement, any Lender may exchange, continue,
extend or roll over all, or the portion, of its Loans in connection with any refinancing, extension, loan modification, or similar
transaction permitted by the terms of this Agreement or the Existing Credit Agreement, pursuant to a cashless settlement mechanism
approved by the Borrower, the Administrative Agent and such Lender.


 


2.03          
Letters of Credit.


 


(a)               
The Letter of Credit Commitment.


 


(i)                       
Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon the agreements of the
Lenders set forth in this Section 2.03, (I) from time to time on any Business Day during the period from the Effectiveness
Date until the Letter of Credit Expiration Date, to issue Letters of Credit denominated in Dollars for the account of the Borrower
or any of its Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with clause (b)
below, and (II) to honor drawings under the Letters of Credit, and (B) the Revolving Lenders severally agree to participate in
Letters of Credit issued for the account of the Borrower or its Subsidiaries and any drawings thereunder; provided, that,
after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (1) the Total Revolving Outstandings shall
not exceed the Aggregate Revolving Commitments, (2) the Revolving Credit Exposure of any Revolving Lender shall not exceed
such Lender’s Revolving Commitment, and (3) the Outstanding Amount of the L/C Obligations shall not exceed the Letter
of Credit Sublimit. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation
by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding
sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters
of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to
replace Letters of Credit that have expired or that have been drawn upon and reimbursed. Furthermore, each Revolving Lender acknowledges
and confirms that it has a participation interest in the liability of each applicable L/C Issuer under the Existing Letters of
Credit in a percentage equal to its Applicable Percentage of the Revolving Loans. The Borrower’s reimbursement obligations
in respect of the Existing Letters of Credit, and each Revolving Lender’s obligations in connection therewith, shall be governed
by the terms of this Agreement.


 


(ii)                       
No L/C Issuer shall issue any Letter of Credit if:


 


(A)             
subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve
(12) months after the date of issuance or last extension, unless the Requisite Revolving Lenders have approved such expiry date;
or


 


(B)             
the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the
Revolving Lenders have approved such expiry date.


 


(iii)                       
No L/C Issuer shall be under any obligation to issue any Letter of Credit if:


 





(A)             
any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain
such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether
or not having the force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit, or request
that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall
impose upon such L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which such
L/C Issuer is not otherwise compensated hereunder) not in effect on the Effectiveness Date, or shall impose upon such L/C Issuer
any unreimbursed loss, cost or expense which was not applicable on the Effectiveness Date and which such L/C Issuer in good faith
deems material to it;


 






     


     


    

 


(B)             
the issuance of such Letter of Credit would violate one (1) or more policies of such L/C Issuer applicable to letters of
credit generally;


 


(C)             
except as otherwise agreed by the Administrative Agent and such L/C Issuer, such Letter of Credit is in an initial stated
amount less than Five-Hundred Thousand Dollars ($500,000);


 


(D)             
such Letter of Credit is to be denominated in a currency other than Dollars; or


 


(E)              
any Revolving Lender is at that time a Defaulting Lender, unless such L/C Issuer has entered into arrangements, including
the delivery of Cash Collateral, satisfactory to such L/C Issuer (in its sole discretion) with the Borrower or such Lender to eliminate
such L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.15(a)(iv)) with respect
to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other
L/C Obligations as to which such L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion.


 


(iv)                       
No L/C Issuer shall amend any Letter of Credit if such L/C Issuer would not be permitted at such time to issue the Letter
of Credit in its amended form under the terms hereof.


 


(v)                       
No L/C Issuer shall be under any obligation to amend any Letter of Credit if: (A) such L/C Issuer would have no obligation
at such time to issue such Letter of Credit in its amended form under the terms hereof; or (B) the beneficiary of such Letter of
Credit does not accept the proposed amendment to such Letter of Credit.


 


(vi)                       
Each L/C Issuer shall act on behalf of the Revolving Lenders with respect to any Letters of Credit issued by it and the
documents associated therewith, and each L/C Issuer shall have all of the benefits and immunities: (A) provided to the Administrative
Agent in Article X with respect to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of
Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the
term “Administrative Agent” as used in Article X included each L/C Issuer with respect to such acts or
omissions; and (B) as additionally provided herein with respect to each L/C Issuer.


 






     


     


    

 


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


 





(i)                       
Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the
applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed
and signed by a Responsible Officer of the Borrower. Such Letter of Credit Application may be sent by facsimile, by United States
mail, by overnight courier, by electronic transmission using the system provided by the applicable L/C Issuer, by personal delivery
or by any other means acceptable to the applicable L/C Issuer. Such Letter of Credit Application must be received by the applicable
L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least five (5) Business Days (or such later
date and time as the Administrative Agent and the applicable L/C Issuer may agree in a particular instance in their sole discretion)
prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance
of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable
L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof;
(C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary
in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing
thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as such L/C Issuer may reasonably
require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall
specify in form and detail reasonably satisfactory to such L/C Issuer: (I) the Letter of Credit to be amended; (II) the proposed
date of amendment thereof (which shall be a Business Day); (III) the nature of the proposed amendment; and (IV) such other matters
as such L/C Issuer may reasonably require. Additionally, the Borrower shall furnish to each L/C Issuer and the Administrative Agent
such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer
Documents, as any L/C Issuer or the Administrative Agent may require.


 


(ii)                       
Promptly after receipt of any Letter of Credit Application, the applicable L/C Issuer will confirm with the Administrative
Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from
the Borrower and, if not, the applicable L/C Issuer will provide the Administrative Agent with a copy thereof. Unless the applicable
L/C Issuer has received written notice from any Revolving Lender, the Administrative Agent or any Loan Party, at least one
(1) Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one (1) or more
applicable conditions contained in Article V shall not be satisfied, then, subject to the terms and conditions hereof, such
L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the Borrower or the applicable Subsidiary
or enter into the applicable amendment, as the case may be, in each case, in accordance with such L/C Issuer’s usual and
customary business practices. Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to,
and hereby irrevocably and unconditionally agrees to, purchase from the applicable L/C Issuer a risk participation in such Letter
of Credit in an amount equal to the product of such Lender’s Applicable Percentage times the amount of such Letter
of Credit.


 


(iii)                        If
the Borrower so requests in any applicable Letter of Credit Application, the applicable L/C Issuer may, in its sole
discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an
 “Auto-Extension Letter of Credit”); provided, that, any such
Auto-Extension Letter of Credit must permit the applicable L/C Issuer to prevent any such extension at least once in
each twelve (12) month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the
beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each
such twelve (12) month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the
applicable L/C Issuer, the Borrower shall not be required to make a specific request to such L/C Issuer for any such
extension. Once an Auto-Extension Letter of Credit has been issued, the Revolving Lenders shall be deemed to have authorized
(but may not require) the applicable L/C Issuer to permit the extension of such Letter of Credit, at any time, to an expiry
date not later than the Letter of Credit Expiration Date; provided, that, the applicable L/C Issuer shall not
permit any such extension if (A) such L/C Issuer has determined that it would not be permitted, or would have no obligation,
at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the
provisions of Section 2.03(a)(ii), Section 2.03(a)(iii) or otherwise), or (B) it has received notice (which may
be by telephone or in writing) on or before the day that is seven (7) Business Days before the Non-Extension Notice Date (1)
from the Administrative Agent that the Requisite Revolving Lenders have elected not to permit such extension, or (2) from the
Administrative Agent, any Lender or the Borrower that one (1) or more of the applicable conditions specified in Section
5.02 is not then satisfied, and, in each case, directing such L/C Issuer not to permit such extension.


 






     


     


    

 


(iv)                       
Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect
thereto or to the beneficiary thereof, the applicable L/C Issuer will also deliver to the Borrower and the Administrative Agent
a true and complete copy of such Letter of Credit or amendment. In addition, no later than five (5) Business Days prior
to the end of each calendar month, each L/C Issuer shall provide an activity report to the Administrative Agent listing the activity
with respect to the Letters of Credit issued by such L/C Issuer and including the balance of Letters of Credit outstanding as of
the date of such report.


 


(c)               
Drawings and Reimbursements; Funding of Participations.


 


(i)                       
Upon receipt from the beneficiary of any Letter of Credit of any notice of drawing under such Letter of Credit, the applicable
L/C Issuer shall examine all documents purporting to represent a demand for payment under such Letter of Credit within the period
stipulated by the terms and conditions of such Letter of Credit. After such examination, the applicable L/C Issuer shall notify
the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the applicable
L/C Issuer under a Letter of Credit (each such date, an “Honor Date”), or if the Borrower receives notice
of such drawing after 11:00 a.m. on the Honor Date, not later than 10:00 a.m. on the first (1st) Business Day
following the Honor Date (each such date, a “Reimbursement Date”), the Borrower shall reimburse such
L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse
the applicable L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Lender of the Reimbursement
Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s
Applicable Percentage thereof. In such event, the Borrower shall be deemed to have requested a Borrowing of Base Rate Loans to
be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified
in Section 2.02 for the principal amount of Base Rate Loans, but subject to the conditions set forth in Section 5.02
(other than the delivery of a Loan Notice) and provided, that, after giving effect to such Borrowing, the Total Revolving
Outstandings shall not exceed the Aggregate Revolving Commitments. The Borrower shall pay the applicable L/C Issuer interest
on any Unreimbursed Amount from the date of any payment by such L/C Issuer under a Letter of Credit, to the Reimbursement Date
at the rate of interest then applicable to Base Rate Loans. Any notice given by any L/C Issuer or the Administrative Agent
pursuant to this clause (c)(i) may be given by telephone if immediately confirmed in writing; provided, that,
the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.


 


(ii)                        Each
Revolving Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative
Agent may apply Cash Collateral provided for this purpose) to the Administrative Agent for the account of the applicable L/C
Issuer at the Administrative Agent’s Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not
later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the
provisions of Section 2.03(c)(iii), each Revolving Lender that so makes funds available shall be deemed to have made a
Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the applicable
L/C Issuer.


 






     


     


    

 


(iii)                       
With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base Rate Loans because the conditions
set forth in Section 5.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from
the applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing
shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving
Lender’s payment to the Administrative Agent for the account of the applicable L/C Issuer pursuant to Section 2.03(c)(ii)
shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender
in satisfaction of its participation obligation under this Section 2.03.


 


(iv)                       
Until each Revolving Lender funds its Revolving Loan or L/C Advance pursuant to this clause (c) to reimburse the
applicable L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Percentage
of such amount shall be solely for the account of such L/C Issuer.


 


(v)                       
Each Revolving Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the applicable L/C Issuer
for amounts drawn under Letters of Credit, as contemplated by this clause (c), shall be absolute and unconditional and shall
not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender
may have against such L/C Issuer, the Borrower or any other Person, for any reason whatsoever; (B) the occurrence or continuance
of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided,
that, each Revolving Lender’s obligation to make Revolving Loans pursuant to this clause (c) is subject to
the conditions set forth in Section 5.02 (other than delivery by the Borrower of a Loan Notice). No such making of an L/C
Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the applicable L/C Issuer for the amount
of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein.


 


(vi)                       
If any Revolving Lender fails to make available to the Administrative Agent for the account of the applicable L/C Issuer
any amount required to be paid by such Lender pursuant to the foregoing provisions of this clause (c) by the time specified
in clause (c)(ii) above, then, without limiting the other provisions of this Agreement, such L/C Issuer shall be entitled
to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period
from the date such payment is required to the date on which such payment is immediately available to such L/C Issuer at a rate
per annum equal to the greater of the Federal Funds Rate and a rate determined by such L/C Issuer in accordance with banking industry
rules on interbank compensation. A certificate of the applicable L/C Issuer submitted to any Revolving Lender (through the Administrative
Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.


 


(d)               
Repayment of Participations.


 


(i)                        At
any time after the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving
Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the
Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or
interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by
the Administrative Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof
(appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C
Advance was outstanding) in the same funds as those received by the Administrative Agent.


 






     


     


    

 


(ii)                       
If any payment received by the Administrative Agent for the account of any L/C Issuer pursuant to Section 2.03(c)(i)
is required to be returned under any of the circumstances described in Section 11.05 (including pursuant to any settlement
entered into by the applicable L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the
account of such L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon
from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds
Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive the payment in full
of the Obligations and the termination of this Agreement.


 


(e)               
Obligations Absolute. The obligation of the Borrower to reimburse the applicable L/C Issuer for each drawing under
each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly
in accordance with the terms of this Agreement under all circumstances, including the following:


 


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


 


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


 


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


 


(iv)                       
waiver by such L/C Issuer of any requirement that exists for such L/C Issuer’s protection and not the protection of
the Borrower or any waiver by such L/C Issuer which does not in fact materially prejudice the Borrower;


 


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


 


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


 





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


 






     


     


    

 


(viii)                       
any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance
that might otherwise constitute a defense available to, or a discharge of, the Borrower or any Subsidiary.


 


The Borrower shall
promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim
of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will promptly notify the applicable
L/C Issuer. The Borrower shall be conclusively deemed to have waived any such claim against such L/C Issuer and its correspondents
unless such notice is given as aforesaid.


 


(f)                
Role of L/C Issuer. Each Revolving Lender and the Borrower agree that, in paying any drawing under a Letter of Credit,
the applicable L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and
documents expressly required by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document
or the authority of the Person executing or delivering any such document. None of the L/C Issuers, the Administrative Agent, any
of their respective Related Parties nor any correspondent, participant or assignee of any L/C Issuer shall be liable to any Lender
for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Requisite
Revolving Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or
(iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit
or Issuer Document. The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect
to its use of any Letter of Credit; provided, that, this assumption is not intended to, and shall not, preclude the
Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other
agreement. None of the L/C Issuers, the Administrative Agent, any of their respective Related Parties, nor any correspondent, participant
or assignee of any L/C Issuer, shall be liable or responsible for any of the matters described in clauses (e)(i) through
(e)(viii) of Section 2.03; provided, that, anything in such clauses to the contrary notwithstanding,
the Borrower may have a claim against any L/C Issuer, and such L/C Issuer may be liable to the Borrower, to the extent, but only
to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower proves
were caused by such L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful failure to pay
under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying
with the terms and conditions of a Letter of Credit unless such L/C Issuer is prevented or prohibited from so paying as a result
of any order or directive of any court or other Governmental Authority. In furtherance and not in limitation of the foregoing,
any L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation,
regardless of any notice or information to the contrary, and such L/C Issuer shall not be responsible for the validity or sufficiency
of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder
or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. Each L/C Issuer may send
a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication
(“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating with
a beneficiary.


 






     


     


    

 





(g)               
Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the applicable L/C Issuer
and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the
rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding anything to the contrary in the foregoing, no L/C
Issuer shall be responsible to the Borrower for, and no L/C Issuer’s rights and remedies against the Borrower shall be impaired
by, any action or inaction of the applicable L/C Issuer required or permitted under any law, order, or practice that is required
or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where the
applicable L/C Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions,
opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade
 – International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice,
whether or not any Letter of Credit chooses such law or practice.


 


(h)               
Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender
in accordance, subject to Section 2.15, with its Applicable Percentage a Letter of Credit fee (the “Letter of
Credit Fee”) for each standby Letter of Credit equal to the Applicable Rate times the daily maximum amount
available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter
of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees
shall be: (i) computed on a quarterly basis in arrears; and (ii) due and payable on the first (1st) Business Day after
the end of each March, June, September and December, commencing with the first (1st) such date to occur after the issuance
of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. If there is any change in the Applicable
Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied
by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding
anything to the contrary contained herein, if (A) (I) any amount of principal of any Loan is not paid when due (without regard
to any applicable grace periods), or (II)  an Event of Default under Section 9.01(i) shall be continuing, or (B) if
any amount (other than principal of any Loan) is not paid when due (after giving effect to any applicable grace periods), whether
at stated maturity, by acceleration or otherwise (and, with respect to this clause (h)(B) only, the Requisite Revolving
Lenders have so requested), in each case, all Letter of Credit Fees shall accrue at the Default Rate.


 


(i)                
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower shall pay directly to the
applicable L/C Issuer for its own account a fronting fee with respect to each standby Letter of Credit, at the rate per annum specified
in (A) (I) the Bank of America Fee Letter, with respect to Bank of America, in its capacity as an L/C Issuer, (II) the Mizuho Fee
Letter, with respect to Mizuho Bank, Ltd., in its capacity as an L/C Issuer, and (III) the Citibank Fee Letter, with respect to
Citibank, in its capacity as an L/C Issuer, and (B) as specified in written agreements between the Borrower and the applicable
L/C Issuer, with respect to any L/C Issuer other than Bank of America, in its capacity as L/C Issuer, computed on the actual daily
maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such
Letter of Credit) and on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after
the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof,
in the case of the first (1st) payment), commencing with the first (1st) such date to occur after the issuance
of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily
amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance
with Section 1.06. In addition, the Borrower shall pay directly to the applicable L/C Issuer for its own account the customary
issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating
to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on
demand and are nonrefundable.


 





(j)                
Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer
Document, the terms hereof shall control.


 






     


     


    

 


(k)               
Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder
is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the applicable
L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of
Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business
derives substantial benefits from the businesses of such Subsidiaries.


 


(l)                
Replacement of the L/C Issuer. Any L/C Issuer may be replaced, at any time, by written agreement among the Borrower,
the Administrative Agent, the replaced L/C Issuer and the successor L/C Issuer. The Administrative Agent shall notify the Lenders
of any such replacement of an L/C Issuer. At the time any such replacement shall become effective, the Borrower shall pay all unpaid
fees accrued for the account of the replaced L/C Issuer pursuant to clauses (h) and (i) above. From and after the
effective date of any such replacement, (i) any successor L/C Issuer shall have all the rights and obligations of an L/C Issuer
under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “L/C
Issuer” shall be deemed to refer to such successor or to any previous L/C Issuers, or to such successor and all previous
L/C Issuers, as the context shall require. After the replacement of an L/C Issuer hereunder, the replaced L/C Issuer shall remain
a party hereto and shall continue to have all the rights and obligations of an L/C Issuer under this Agreement with respect to
Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.


 


2.04          
Swing Line Loans.


 


(a)               
Swing Line Facility. Subject to the terms and conditions set forth herein, each Swing Line Lender, in reliance upon
the agreements of the other Lenders set forth in this Section 2.04, shall make loans (each such loan, a “Swing
Line Loan”) to the Borrower in Dollars from time to time on any Business Day during the Revolving Availability Period
in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit; provided, that,
(i) after giving effect to any Swing Line Loan, (A) the Total Revolving Outstandings shall not exceed the Aggregate Revolving
Commitments, and (B) the Revolving Credit Exposure of any Revolving Lender shall not exceed such Lender’s Revolving
Commitment, (ii) the Borrower shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan, and
(iii) no Swing Line Lender shall be under any obligation to make any Swing Line Loan if it shall determine (which determination
shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure. Within
the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.04,
prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate Loan.
Immediately upon the making of a Swing Line Loan, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from each Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product
of such Lender’s Applicable Percentage times the amount of such Swing Line Loan.


 


(b)                Borrowing
Procedures. Each Borrowing of Swing Line Loans shall be made upon the Borrower’s irrevocable notice to the
applicable Swing Line Lender and the Administrative Agent, which may be given by (A) telephone or (B) a Swing Line Loan
Notice. Each such notice must be received by the applicable Swing Line Lender and the Administrative Agent not later
than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum
principal amount of Five-Hundred Thousand Dollars ($500,000) and integral multiples of One-Hundred Thousand Dollars
($100,000) in excess thereof, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic
notice must be confirmed promptly by delivery to the applicable Swing Line Lender and the Administrative Agent of a Swing
Line Loan Notice. Promptly after receipt by the applicable Swing Line Lender of any Swing Line Loan Notice, such Swing Line
Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also
received such Swing Line Loan Notice and, if not, such Swing Line Lender will notify the Administrative Agent (by telephone
or in writing) of the contents thereof. Unless the applicable Swing Line Lender has received notice (by telephone or in
writing) from the Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the
proposed Borrowing of Swing Line Loans (A) directing such Swing Line Lender not to make such Swing Line Loan as a result of
the limitations set forth in the first (1st) proviso to the first (1st) sentence of Section
2.04(a), or (B) that one (1) or more of the applicable conditions specified in Article V is not then satisfied,
then, subject to the terms and conditions hereof, such Swing Line Lender will, not later than 3:00 p.m. on the
borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the
Borrower.


 






     


     


    

 


(c)               
Refinancing of Swing Line Loans.


 


(i)                       
Each Swing Line Lender, at any time in its sole discretion, may request, on behalf of the Borrower (which hereby irrevocably
requests and authorizes each Swing Line Lender to so request on its behalf), that each Revolving Lender make a Base Rate Loan in
an amount equal to such Lender’s Applicable Percentage of the amount of Swing Line Loans then outstanding. Such request shall
be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements
of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans,
but subject to the conditions set forth in Section 5.02 (other than the delivery of a Loan Notice) and provided,
that, after giving effect to such Borrowing, the Total Revolving Outstandings shall not exceed the Aggregate Revolving
Commitments. The applicable Swing Line Lender shall furnish the Borrower with a copy of the applicable Loan Notice promptly after
delivering such notice to the Administrative Agent. Each Revolving Lender shall make an amount equal to its Applicable Percentage
of the amount specified in such Loan Notice available to the Administrative Agent in immediately available funds (and the Administrative
Agent may apply Cash Collateral available with respect to the applicable Swing Line Loan) for the account of the applicable Swing
Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Loan Notice,
whereupon, subject to Section 2.04(c)(ii), each Revolving Lender that so makes funds available shall be deemed to have made
a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the applicable Swing
Line Lender. In addition, no later than five (5) Business Days prior to the end of each calendar month, each Swing Line
Lender shall provide a monthly activity report to the Administrative Agent listing the activity with respect to the Swing Line
Loans made by such Swing Line Lender and including the balance of Swing Line Loans outstanding as of the date of such report.


 


(ii)                       
If, for any reason, any Swing Line Loan cannot be refinanced by such a Borrowing of Revolving Loans in accordance with Section
2.04(c)(i), the request for Base Rate Loans submitted by the applicable Swing Line Lender as set forth herein shall be deemed
to be a request by such Swing Line Lender that each of the Revolving Lenders fund its risk participation in the relevant Swing
Line Loan and each Revolving Lender’s payment to the Administrative Agent for the account of such Swing Line Lender pursuant
to Section 2.04(c)(i) shall be deemed payment in respect of such participation.


 


(iii)                        If
any Revolving Lender fails to make available to the Administrative Agent for the account of the applicable Swing Line Lender
any amount required to be paid by such Lender pursuant to the foregoing provisions of this clause (c) by the time
specified in Section 2.04(c)(i), such Swing Line Lender shall be entitled to recover from such Lender (acting through
the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required
to the date on which such payment is immediately available to such Swing Line Lender at a rate per annum equal to the greater
of the Federal Funds Rate and a rate determined by such Swing Line Lender in accordance with banking industry rules on
interbank compensation. A certificate of any Swing Line Lender submitted to any Revolving Lender (through the Administrative
Agent) with respect to any amounts owing under this clause (c)(iii) shall be conclusive absent manifest error.


 






     


     


    

 


(iv)                       
Each Revolving Lender’s obligation to make Revolving Loans or to purchase and fund risk participations in Swing Line
Loans pursuant to this clause (c) shall be absolute and unconditional and shall not be affected by any circumstance, including
(A) any setoff, counterclaim, recoupment, defense or other right that such Lender may have against any Swing Line Lender, the Borrower
or any other Person, for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event
or condition, whether or not similar to any of the foregoing; provided, that, each Revolving Lender’s obligation
to make Revolving Loans pursuant to this clause (c) is subject to the conditions set forth in Section 5.02. No such
purchase or funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay Swing Line
Loans, together with interest as provided herein.


 


(d)               
Repayment of Participations.


 


(i)                       
At any time after any Revolving Lender has purchased and funded a risk participation in a Swing Line Loan, if any Swing
Line Lender receives any payment on account of such Swing Line Loan, such Swing Line Lender will distribute to such Lender its
Applicable Percentage of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time
during which such Lender’s risk participation was funded) in the same funds as those received by such Swing Line Lender.


 


(ii)                       
If any payment received by any Swing Line Lender in respect of principal or interest on any Swing Line Loan is required
to be returned by such Swing Line Lender under any of the circumstances described in Section 11.05 (including pursuant to
any settlement entered into by such Swing Line Lender in its discretion), each Revolving Lender shall pay to such Swing Line Lender
its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand
to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such
demand upon the request of any Swing Line Lender. The obligations of the Revolving Lenders under this clause shall survive the
payment in full of the Obligations and the termination of this Agreement.


 


(e)               
Interest for Account of Swing Line Lender. Each Swing Line Lender shall be responsible for invoicing the Borrower
for interest on the Swing Line Loans. Until each Revolving Lender funds its Revolving Loans that are Base Rate Loans or risk participation
pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in
respect of such Applicable Percentage shall be solely for the account of the applicable Swing Line Lender.


 


(f)                
Payments Directly to Swing Line Lender. The Borrower shall make all payments of principal and interest in respect
of the Swing Line Loans directly to the applicable Swing Line Lender.


 






     


     


    

 



 


2.05          
Prepayments.


 


(a)               
Voluntary Prepayments.


 


(i)                       
Revolving Loans, Term A Loan, Delayed Draw Term Loans and Add-On Term Loans. The Borrower may, upon delivery of a
Notice of Prepayment and/or Reduction / Termination of Commitments to the Administrative Agent, at any time or from time to time,
voluntarily prepay Revolving Loans, the Term A Loan, Delayed Draw Term Loans and/or any Add-On Term Loan (in whole or in part,
without premium or penalty, subject to Section 3.05), provided, that: (A) such notice must be received by
the Administrative Agent not later than 11:00 a.m. (I) at least three (3) Business Days prior to any date of prepayment
of Eurodollar Rate Loans, and (II) on the date of prepayment of Base Rate Loans; (B) any such prepayment of Eurodollar Rate Loans
shall be in a principal amount of Two Million Dollars ($2,000,000), or in a whole multiple of One Million Dollars ($1,000,000)
in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (C) any prepayment of Base Rate Loans
shall be in a principal amount of One Million Dollars ($1,000,000), or in a whole multiple of Five-Hundred Thousand Dollars ($500,000)
in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date
and amount of such prepayment and the Type(s) of Loans to be prepaid and whether the Loans to be prepaid are the Revolving Loans,
the Term A Loan, any Delayed Draw Term Loan and/or any Add-On Term Loan. Subject to payment of breakage costs (if any) in accordance
with Section 3.05, any such notice delivered by the Borrower may be conditioned upon the effectiveness of other transactions,
in which case, such notice may be revoked or its effectiveness deferred by the Borrower (by notice to the Administrative Agent
on or prior to the specified effective date) if such condition is not satisfied. The Administrative Agent will promptly notify
each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment.
If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice
shall be due and payable on the date specified therein, subject to any condition specified in such notice. Any prepayment of a
Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required
pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders
in accordance with their respective Applicable Percentages. Each such prepayment of the Term A Loan, any Delayed Draw Term Loan,
or any Add-On Term Loan shall be applied to the Term A Loan, any Delayed Draw Term Loan, or any Add-On Term Loan as directed by
the Borrower.


 


(ii)                       
Swing Line Loans. The Borrower may, upon notice to the applicable Swing Line Lender (with a copy to the Administrative
Agent), at any time or from time to time, voluntarily prepay Swing Line Loans, in whole or in part, without premium or penalty,
provided, that: (A) such notice must be received by such Swing Line Lender and the Administrative Agent not later
than 1:00 p.m. on the date of the prepayment; and (B) any such prepayment shall be in a minimum principal amount of Five-Hundred
Thousand Dollars ($500,000), or in a whole multiple of One-Hundred Thousand Dollars ($100,000) in excess thereof (or, if less,
the entire principal thereof then outstanding). Each such notice shall specify the date and amount of such prepayment. If such
notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall
be due and payable on the date specified therein.


 


(b)               
Mandatory Prepayments of Loans.


 


(i)                        Revolving
Commitments. If, for any reason, the Total Revolving Outstandings at any time exceed the Aggregate Revolving
Commitments then in effect, the Borrower shall promptly prepay Revolving Loans and/or the Swing Line Loans, and/or Cash
Collateralize the L/C Obligations, in an aggregate amount equal to such excess; provided, that, the Borrower
shall not be required to Cash Collateralize the L/C Obligations pursuant to this clause (b)(i) unless, after
the prepayment in full of the Revolving Loans and the Swing Line Loans, the Total Revolving Outstandings exceed the
Aggregate Revolving Commitments then in effect.


 






    


     


    

 


(ii)                       
Asset Sales. If, solely at all times during the CSAG Period, any Loan Party consummates an Asset Sale
(other than an Asset Sale permitted by clauses (a) through (p) or by clause (s) of Section 8.05), and
the Net Proceeds of such Asset Sale, when added to the Net Proceeds of all such Asset Sales by the Loan Parties consummated during
the CSAG Period, in the aggregate, exceed Ten Million Dollars ($10,000,000), the Loan Parties shall, no later than
five (5) Business Days after the actual receipt of the Net Proceeds of each such Asset Sale that results in such an excess, or
an increase in such excess, prepay (or Cash Collateralize, as applicable) the Term Loans and the Revolving Loans in the manner
set forth in clause (b)(v) below, in each case, in an aggregate amount equal to one-hundred percent (100.0%) of such excess,
or such increase in such excess. Notwithstanding anything to the contrary in the foregoing, the Loan Parties shall not be
required to make a prepayment pursuant to this clause (b)(ii): (A) with respect to the Net Proceeds of any Asset Sale that
are not received during the CSAG Period; and (B) solely with respect to the Net Proceeds of any Asset Sale that are
received during the CSAG Period (each, a “Relevant Sale”), if the Loan Parties advise the Administrative
Agent, in writing, within five (5) Business Days after the date on which the Net Proceeds from such Relevant Sale were received,
that the Loan Parties intend to reinvest all, or any portion, of such Net Proceeds in Property (other than current assets, unless
incidental to the Property being purchased or reinvestment being made) useful in the business of the Loan Parties, solely
to the extent that such Net Proceeds are in fact so reinvested within three-hundred sixty (360) days from the date of such Relevant
Sale (and, to the extent that any of such Net Proceeds are not reinvested within such 360-day period, the Loan Parties shall
promptly prepay (or Cash Collateralize, as applicable), the Term Loans and other Obligations in the amount, and in the manner,
described in the first (1st) sentence of this clause (b)(ii)). If, solely at all times (I) during
the CSAG Period, and (II) after the occurrence of a Relevant Sale, and prior to the Loan Parties reinvesting any applicable Net
Proceeds in Property (other than current assets, unless incidental to the Property being purchased or reinvestment being made)
useful in the business of the Loan Parties during the 360-day period provided in the preceding sentence, an Event of Default shall
occur, then, upon the request of the Requisite Lenders, the Loan Parties shall be required to prepay (or Cash Collateralize, as
applicable), within two (2) Business Days of the occurrence of such Event of Default, the Term Loans and other Obligations, in
the amount, and in the manner, described in the first (1st) sentence of this clause (b)(ii).


 


(iii)                       
Debt Issuances. If, solely at all times during the CSAG Period, any Loan Party issues or incurs any
Indebtedness for borrowed money, including Indebtedness evidenced by notes, bonds, debentures or other similar instruments, but
excluding Indebtedness permitted under Section 8.02, the Loan Parties shall, within five (5) Business Days after the actual
receipt of the Net Proceeds of such Indebtedness, prepay (or Cash Collateralize, as applicable) the outstanding portion of each
Term Loan and other Obligations in the manner set forth in clause (b)(v) below, in each case, in an aggregate amount equal
to one-hundred percent (100.0%) of the Net Proceeds of such Indebtedness.


 






    


     


    

 


(iv)                        Net
Recovery Event Proceeds. If, solely at all times during the CSAG Period, any Loan Party (or the
Administrative Agent on the behalf of the Loan Parties) receives any Net Recovery Event Proceeds that, when added to the Net
Recovery Event Proceeds received by all Loan Parties (or the Administrative Agent on behalf of the Loan Parties) during the
CSAG Period, in the aggregate, exceed Ten Million Dollars ($10,000,000), the Loan Parties shall, no later than
five (5) Business Days after the date of actual receipt of such Net Recovery Event Proceeds that results in such an excess,
or an increase in such an excess, prepay (or Cash Collateralize, as applicable) the Term Loans and the Revolving Loans in the
manner set forth in clause (b)(v) below, in each case, in an aggregate amount equal to one-hundred percent (100.0%) of
such excess, or such increase in such excess. Notwithstanding anything to the contrary in the foregoing, the Loan Parties
shall not be required to make a prepayment pursuant to this clause (b)(iv): (A) with respect to any Net
Recovery Event Proceeds that are not received during the CSAG Period; and (B) with respect to any Net Recovery
Event Proceeds that are received solely at all times during the CSAG Period, if the Loan Parties advise the
Administrative Agent, in writing, within five (5) Business Days after the date on which such Net Recovery Event Proceeds
were received, that the Loan Parties intend to reinvest all, or any portion, of such Net Recovery Event Proceeds in Property
(other than current assets, unless incidental to the Property being purchased or reinvestment being made) useful in the
business of the Loan Parties, or to replace the Property in respect of which the Net Recovery Event Proceeds were received, solely
to the extent that the reinvestment of such Net Recovery Event Proceeds has in fact commenced in good faith within
three-hundred sixty (360) days from the date of receipt of such Net Recovery Event Proceeds (and, to the extent that the
reinvestment of such Net Recovery Event Proceeds has not commenced in good faith within such 360-day period, the Loan
Parties shall promptly prepay (or Cash Collateralize, as applicable), the Term Loans and other Obligations in the amount, and
in the manner, described in the first (1st) sentence of this clause (b)(iv)). If, solely at all
times (I) during the CSAG Period, and (II) after the receipt of any Net Recovery Event Proceeds, and prior to the Loan
Parties commencing in good faith the reinvestment of such Net Recovery Event Proceeds in Property (other than current assets,
unless incidental to the Property being purchased or reinvestment being made) useful in the business of the Loan Parties, or
to replace the Property in respect of which the Net Recovery Event Proceeds were received, during the 360-day period provided
in the preceding sentence, an Event of Default shall occur, then, upon the request of the Requisite Lenders, the Loan Parties
shall be required to prepay (or Cash Collateralize, as applicable), within two (2) Business Days of the occurrence of such
Event of Default, the Term Loans and other Obligations, in the amount, and in the manner, described in the first
(1st) sentence of this clause (b)(iv). Notwithstanding anything to the contrary in this Section 2.05,
no mandatory prepayment of proceeds from business interruption insurance shall be required pursuant to this clause (b)(iv).


 


(v)                       
Application of Mandatory Prepayments. All amounts required to be paid pursuant to clause (b)(i) above shall
be applied ratably to the Revolving Loans and Swing Line Loans, and, after all Revolving Loans and Swing Line Loans have been repaid,
to Cash Collateralize L/C Obligations (without a corresponding permanent reduction in the Aggregate Revolving Commitments). All
amounts required to be paid pursuant to clauses (b)(ii) through (b)(iv) above shall be applied:


 


(A)             
first, pro rata to the Term Loans (and to the principal installments thereof on a pro rata basis
(including the final installment of each Term Loan)); and


 


(B)             
second, ratably to the Revolving Loans and Swing Line Loans, and, after all Revolving Loans and Swing Line
Loans have been repaid, to Cash Collateralize L/C Obligations (without a corresponding permanent reduction in the Aggregate Revolving
Commitments).


 


Prepayments shall be
applied, first, to Base Rate Loans, and then, to Eurodollar Rate Loans in direct order of Interest
Period maturities. All prepayments of Eurodollar Rate Loans under this clause (b) shall be subject to Section 3.05,
but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid to the date of prepayment.


 


(c)                Liquidity
Bridge Facility Limitation. Notwithstanding anything to the contrary in this Section 2.05 or in any Loan Document,
no mandatory prepayments shall be required to be made by any Loan Party pursuant to Section 2.05(b)(iii) until such
time as: (i) all Term Loans (as defined in the Liquidity Bridge Credit Agreement) under the Liquidity Bridge Credit Agreement
have been paid in full; and (ii) all Commitments (as defined in the Liquidity Bridge Credit Agreement) under the
Liquidity Bridge Credit Agreement have expired or terminated.


 






    


     


    

 





2.06          
Termination or Reduction of Aggregate Revolving Commitments and Aggregate Delayed Draw Term Loan Commitments..


 


(a)               
Optional Reductions. The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving
Commitments or the Aggregate Delayed Draw Term Loan Commitments, or from time to time permanently reduce (i) the Aggregate Revolving
Commitments to an amount not less than the Outstanding Amount of Revolving Loans, Swing Line Loans and L/C Obligations,
or (ii) the Aggregate Delayed Draw Term Loan Commitments; provided, that, (A) any such notice shall be received by
the Administrative Agent not later than 12:00 p.m. (noon) three (3) Business Days prior to the date of termination or reduction,
(B) any such partial reduction shall be in an aggregate amount of Two Million Dollars ($2,000,000), or in any whole multiple of
One Million Dollars ($1,000,000) in excess thereof, and (C) the Borrower shall not terminate or reduce (I) the Aggregate Revolving
Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would
exceed the Aggregate Revolving Commitments, (II) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding
Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, or (III) the Swing
Line Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swing Line
Loans would exceed the Swing Line Sublimit. Any such notice may state that it is conditioned upon the effectiveness of other transactions,
in which case, such notice may be revoked or its effectiveness deferred by the Borrower (by notice to the Administrative Agent
on or prior to the specified effective date) if such condition is not satisfied.


 


(b)               
Mandatory Reductions. If, after giving effect to any reduction or termination of Revolving Commitments under this
Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceed the Aggregate Revolving Commitments
at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the
amount of such excess. The unfunded Delayed Draw Term Loan Commitments shall automatically terminate at the expiration of the Delayed
Draw Term Loan Availability Period.


 


(c)               
Notice. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of
Credit Sublimit, Swing Line Sublimit, the Aggregate Revolving Commitments or the Aggregate Delayed Draw Term Loan Commitments under
this Section 2.06. Upon any reduction of the Aggregate Revolving Commitments, the Revolving Commitment of each Lender shall
be reduced by such Lender’s Applicable Percentage of such reduction amount. All fees in respect of the Aggregate Revolving
Commitments accrued until the effective date of any termination of the Aggregate Revolving Commitments shall be paid on the effective
date of such termination. Upon any reduction of the Aggregate Delayed Draw Term Loan Commitments, the Delayed Draw Term Loan Commitment
of each Delayed Draw Term Loan Lender shall be reduced by such Delayed Draw Term Loan Lender’s Applicable Percentage of such
reduction amount. All fees in respect of the Aggregate Delayed Draw Term Loan Commitments accrued until the effective date of any
termination of the Aggregate Delayed Draw Term Loan Commitments shall be paid on the effective date of such termination.


 






    


     


    

 


2.07          
Repayment of Loans.


 


(a)               
Revolving Loans. The Borrower shall repay to the Revolving Lenders on the Revolving Loan Maturity Date the aggregate
principal amount of all Revolving Loans outstanding on such date.


 


(b)               
Swing Line Loans. The Borrower shall repay each Swing Line Loan on the earlier to occur of: (i) the date within
one (1) Business Day of demand therefor by the applicable Swing Line Lender; and (ii) the Revolving Loan Maturity Date.


 


(c)               
Term A Loan. The Borrower shall repay the outstanding principal amount of the Term A Loan on the last Business Day
of each Fiscal Quarter, commencing with the first (1st) Fiscal Quarter of 2019, in the amount of $2,578,125.00, with
the then Outstanding Amount of the Term A Loan due on the Term Loan Maturity Date (as such installments may hereafter be adjusted
as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02, Section
9.03 or Section 9.04, as applicable.


 


(d)               
Delayed Draw Term Loan. The Borrower shall repay the outstanding principal amount of the Delayed Draw Term Loan on
the last Business Day of each Fiscal Quarter, commencing with the first (1st) Fiscal Quarter of 2019, in each case,
in an amount equal to one and one-quarter percent (1.25%) of the outstanding principal amount of the Delayed Draw Term Loan as
of the last day of the first (1st) Fiscal Quarter of 2019 (subject to adjustment for Delayed Draw Term Loan Borrowings
during the First Extension Period and the Second Extension Period, as described below); provided, that, (i) the Borrower
shall repay any advances under the Delayed Draw Term Loan made during the First Extension Period commencing with the first (1st)
full Fiscal Quarter ending after the First Extended DDTL Availability Expiration Date in each case, in an amount equal to one and
one-quarter percent (1.25%) of the outstanding principal amount of each such Delayed Draw Term Loan as of the First Extended DDTL
Availability Expiration Date, and (ii) the Borrower shall repay any advances under the Delayed Draw Term Loan made during the Second
Extension Period commencing with the first (1st) full Fiscal Quarter ending after the Second Extended DDTL Availability
Expiration Date, in each case, in an amount equal to one and one-quarter percent (1.25%) of the outstanding principal amount of
each such Delayed Draw Term Loan as of the Second Extended DDTL Availability Expiration Date (as such installments may hereafter
be adjusted as a result of prepayments made pursuant to Section 2.05), with the then Outstanding Amount of the Delayed Draw
Term Loan due on the Term Loan Maturity Date (as such installments may hereafter be adjusted as a result of prepayments made pursuant
to Section 2.05), unless accelerated sooner pursuant to Section 9.02, Section 9.03 or Section 9.04,
as applicable.


 


(e)               
Add-On Term Loan. The Borrower shall repay the outstanding principal amount of each Add-On Term Loan in the installments
on the dates and in the amounts set forth in the applicable Add-On Term Loan Lender Joinder Agreement (as such installments may
hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section
9.02, Section 9.03 or Section 9.04, as applicable.


 


2.08          
Interest.


 


(a)                Subject
to the provisions of clause (b) below: (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal
amount thereof for each Interest Period at a rate per annum equal to the sum of the Eurodollar Rate for such Interest
Period, plus the Applicable Rate for Eurodollar Rate Loans; (ii) each Base Rate Loan shall bear interest on the
outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate, plus
the Applicable Rate for Base Rate Loans; and (iii) each Swing Line Loan shall bear interest on the outstanding principal
amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate, plus the Applicable Rate
for Base Rate Loans. To the extent that any calculation of interest or any fee required to be paid under this Agreement shall
be based on (or result in) an amount that is less than zero, such amount shall be deemed to
be zero for purposes of this Agreement.


 






    


     


    

 


(b)               
 


 


(i)                       
If any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at
stated maturity, by acceleration or otherwise, then such overdue amount of principal shall thereafter bear interest at a fluctuating
interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.


 


(ii)                       
If any amount (other than principal of any Loan) is not paid when due (after giving effect to any applicable grace periods),
whether at stated maturity, by acceleration or otherwise, then upon the request of the Requisite Lenders, such amount shall thereafter
bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by
applicable Laws.


 


(iii)                       
If an Event of Default under Section 9.01(i) shall be continuing, the Borrower shall pay interest on the principal
amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate
to the fullest extent permitted by applicable Laws.


 


(iv)                       
Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon
demand.


 


(c)               
Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other
times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after
judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.


 


2.09          
Fees.


 


In addition to those
certain fees described in Section 2.03(h) and Section 2.03(i):


 


(a)                Revolving
Commitment Fee. The Borrower shall pay to the Administrative Agent, for the account of each Revolving Lender in
accordance with its Applicable Percentage, a commitment fee (the “Revolving Commitment Fee”) at a
rate per annum equal to the product of: (i) the Applicable Rate; times (ii) the actual daily amount by which
the Aggregate Revolving Commitments exceed the sum of (A) the Outstanding Amount of Revolving Loans, and (B) the
Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15. For the avoidance of doubt,
the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Aggregate Revolving
Commitments for purposes of determining the Revolving Commitment Fee. The Revolving Commitment Fee shall accrue at all times during
the Revolving Availability Period, including at any time during which one (1) or more of the conditions in Article V
is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and
December, commencing with the first (1st) such date to occur after the Effectiveness Date, and on the Revolving
Loan Maturity Date; provided, that, (A) no Revolving Commitment Fee shall accrue on the Revolving Commitment of
a Defaulting Lender so long as such Lender shall be a Defaulting Lender, and (B) any Revolving Commitment Fee accrued with
respect to the Revolving Commitment of a Defaulting Lender during the period prior to the time such Lender became a
Defaulting Lender, and unpaid at such time, shall not be payable by the Borrower so long as such Lender shall be a Defaulting
Lender. The Revolving Commitment Fee shall be calculated quarterly in arrears, and, if there is any change in the Applicable
Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately
for each period during such quarter that such Applicable Rate was in effect.


 






    


     


    

 


(b)               
DDTL Commitment Fee. The Borrower shall pay to the Administrative Agent, for the account of each Delayed Draw Term
Loan Lender in accordance with its Applicable Percentage, a commitment fee (the “DDTL Commitment Fee”)
at a rate per annum equal to the product of (i) the Applicable Rate, times (ii) the actual daily amount by which
the Aggregate Delayed Draw Term Loan Commitments exceed the Outstanding Amount of Delayed Draw Term Loans, subject to adjustment
as provided in Section 2.15. The DDTL Commitment Fee shall accrue at all times during the Delayed Draw Term Loan
Availability Period, including at any time during which one (1) or more of the conditions in Article V is not met, and shall
be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the
first (1st) such date to occur after the Effectiveness Date, and on the expiration or early termination pursuant to
Section 2.06(a) of the Delayed Draw Term Loan Availability Period, provided, that: (A) no DDTL Commitment
Fee shall accrue on the unfunded Delayed Draw Term Loan Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting
Lender; and (B) any DDTL Commitment Fee accrued with respect to the unfunded Delayed Draw Term Loan Commitment of a Defaulting
Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable
by the Borrower so long as such Lender shall be a Defaulting Lender. The DDTL Commitment Fee shall be calculated quarterly in arrears,
and, if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied
by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.


 


(c)               
Fee Letter. The Borrower shall pay all fees required to be paid under the Fee Letters in accordance with the terms
thereof, respectively. Such fees shall be fully earned when paid and shall be non-refundable for any reason whatsoever.


 


2.10          
Computation of Interest and Fees.


 


All computations of
interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis
of a year of three-hundred sixty-five (365) or three hundred sixty-six (366) days, as the case may be, and actual days elapsed.
All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results
in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on
each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the
Loan or such portion is paid; provided, that, any Loan that is repaid on the same day on which it is made shall,
subject to Section 2.12(a), bear interest for one (1) day. Each determination by the Administrative Agent of an interest
rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.


 


2.11          
Evidence of Debt.


 


(a)                The
Credit Extensions made by each Lender shall be evidenced by one (1) or more accounts or records maintained by such Lender and
by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative
Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to
the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however,
limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations.
In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the
Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the
absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute
and deliver to such Lender (through the Administrative Agent) a promissory note, which shall evidence such Lender’s
Loans in addition to such accounts or records. Each such promissory note shall: (i) in the case of Revolving Loans, be in the
form of Exhibit 2.11(a) (a “Revolving Note”); (ii) in the case of Swing Line Loans, be in
the form of Exhibit 2.11(b) (a “Swing Line Note”); (iii) in the case of the Term A Loan, be
in the form of Exhibit 2.11(c) (a “Term A Note”); (iv) in the case of the Delayed Draw Term
Loans, be in the form of Exhibit 2.11(d) (a “Delayed Draw Term Loan Note”); and (v) in the
case of each Add-On Term Loan, be in the form of Exhibit 2.11(e) (an “Add-On Term
Note”). Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount
and maturity of its Loans and payments with respect thereto.


 






    


     


    

 


(b)               
In addition to the accounts and records referred to in clause (a), each Lender and the Administrative Agent shall
maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations
in Letters of Credit and Swing Line Loans. In the event of any conflict between the accounts and records maintained by the Administrative
Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent
shall control in the absence of manifest error.


 


2.12          
Payments Generally; Administrative Agent’s Clawback.


 


(a)               
General. All payments to be made by the Borrower shall be made free and clear of and without condition or deduction
for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower
hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at
the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date
specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable
share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All
payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and
any applicable interest or fee shall continue to accrue. Subject to the definition of “Interest Period” in Section
1.01, if any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on
the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.


 






    


     


    

 


(b)               
 


 


(i)                        Funding
by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender
prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans,
prior to 12:00 p.m. (noon) on the date of such Borrowing) that such Lender will not make available to the Administrative
Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share
available on such date in accordance with Section 2.02 (or, in the case of any Borrowing of Base Rate Loans, that such
Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance
upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made
its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower
severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available
funds with interest thereon, for each day from, and including, the date such amount is made available to the Borrower to but
excluding the date of payment to the Administrative Agent, at: (A) in the case of a payment to be made by such Lender, the
greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules
on interbank compensation; and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base
Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an
overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the
Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the
amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be
without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the
Administrative Agent.


 


(ii)                       
Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice
from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or any
L/C Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made
such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or each applicable
L/C Issuer, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of
the Lenders or each applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith
on demand the amount so distributed to such Lender or such L/C Issuer, in immediately available funds with interest thereon, for
each day from, and including, the date such amount is distributed to it to, but excluding, the date of payment to the Administrative
Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation.


 


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


 


(c)               
Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any
Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available
to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article V
are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds
as received from such Lender) to such Lender, without interest.


 


(d)               
Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans, to fund participations in
Letters of Credit and Swing Line Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The
failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 11.04(c) on
any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender
shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment
under Section 11.04(c).


 






    


     


    

 


(e)               
Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular
place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any
particular place or manner.


 


2.13          
Sharing of Payments by Lenders.


 


If any Lender shall,
by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any
of the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it (excluding any amounts applied
by any Swing Line Lender to outstanding Swing Line Loans) resulting in such Lender’s receiving payment of a proportion of
the aggregate amount of such Loans or participations and accrued interest thereon greater than its pro rata share
thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such
fact, and (b) purchase (for cash at face value) participations in the Loans and sub-participations in L/C Obligations and Swing
Line Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments
shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective
Loans and other amounts owing them; provided, that:


 


(i)                       
if any such participations or sub-participations are purchased and all, or any portion, of the payment giving rise thereto
is recovered, such participations or sub-participations shall be rescinded and the purchase price restored to the extent of such
recovery, without interest; and


 


(ii)                       
the provisions of this Section 2.13 shall not be construed to apply to: (A) any payment made by, or on behalf of,
the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising
from the existence of a Defaulting Lender); (B) the application of Cash Collateral provided for in Section 2.14: or (C)
any payment obtained by a Lender as consideration for the assignment of, or sale of, a participation in any of its Loans, or sub-participations
in L/C Obligations or Swing Line Loans, to any assignee or participant, other than an assignment to the Borrower or any Subsidiary
thereof (as to which the provisions of this Section 2.13 shall apply).


 


Each Loan Party consents
to the foregoing and agrees, to the extent it may effectively do so under applicable Law, that any Lender acquiring a participation
pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such participation.


 


2.14          
Cash Collateral.


 


(a)               
Certain Credit Support Events. If (i) any L/C Issuer has honored any full or partial drawing request under any Letter
of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation,
for any reason, remains outstanding, (iii) the Borrower shall be required to provide Cash Collateral pursuant to any provision
of Article IX, or (iv) there shall exist a Defaulting Lender, the Borrower shall within two (2) Business Days (in the case
of clause (a)(iii) above), or within one (1) Business Day (in all other cases), following any written request by the Administrative
Agent or the applicable L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral
Amount (determined in the case of Cash Collateral provided pursuant to clause (a)(iv) above, after giving effect to Section
2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender).


 






    


     


    

 


(b)               
Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender,
hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of each applicable L/C Issuer and the
Lenders, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein,
and all other Property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the
obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If, at any time, the Administrative
Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the
applicable L/C Issuer as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral
Amount, the Borrower will, promptly upon written demand by the Administrative Agent, pay or provide to the Administrative Agent
additional Cash Collateral in an amount sufficient to eliminate such deficiency. All Cash Collateral (other than credit support
not constituting funds subject to deposit) shall be maintained in one (1) or more Controlled Accounts or in blocked, non-interest
bearing deposit accounts at Bank of America. The Borrower shall pay on demand therefor from time to time all customary account
opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral.


 


(c)               
Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under
any of this Section 2.14 or Section 2.03, Section 2.04, Section 2.05, Section 2.15 or Section
9.02 in respect of Letters of Credit shall be held and applied in satisfaction of the specific L/C Obligations, obligations
to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such
obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such Property
as may otherwise be provided for herein.


 


(d)               
Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other
obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving
rise thereto (including by the termination of Defaulting Lender status of the applicable Lender) (or, as appropriate, its assignee
following compliance with Section 11.06(b)(vi)), or (ii) the determination by the Administrative Agent and the applicable
L/C Issuer that there exists excess Cash Collateral; provided, that, (A) any such release shall be without prejudice
to, and any disbursement or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the
Loan Documents and the other applicable provisions of the Loan Documents, and (B) the Person providing Cash Collateral and the
applicable L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting
Exposure or other obligations.


 


2.15          
Defaulting Lenders.


 


(a)               
Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting
Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:


 


(i)                       
Waivers and Amendment. Such Defaulting Lender’s right to approve or disapprove of any amendment, waiver or
consent with respect to this Agreement shall be restricted as set forth in the definition of “Requisite Lenders”
in Section 1.01 and in Section 11.01.


 






    


     


    

 


(ii)                        Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amount received by the Administrative Agent for the
account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article IX or otherwise),
or received by the Administrative Agent from a Defaulting Lender pursuant to Section 11.08, shall, in each case, be
applied at such time or times as may be determined by the Administrative Agent as follows, first, to the
payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder, second, to the
payment on a pro rata basis of any amounts owing by such Defaulting Lender to the L/C Issuers or Swing Line Lenders
hereunder, third, to Cash Collateralize the L/C Issuer’s Fronting Exposure with respect to such
Defaulting Lender in accordance with Section 2.14, fourth, as the Borrower may request (so long as no
Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund
its portion thereof as required by this Agreement, as determined by the Administrative Agent, fifth, if so
determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in
order to (I) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this
Agreement, and (II) Cash Collateralize each L/C Issuer’s future Fronting Exposure with respect to such Defaulting
Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.14, sixth,
to the payment of any amounts owing to the Lenders, the L/C Issuers or Swing Line Lenders as a result of any judgment of a
court of competent jurisdiction obtained by any Lender, any L/C Issuer or any Swing Line Lender against such Defaulting
Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, seventh,
so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any
judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that
Defaulting Lender’s breach of its obligations under this Agreement, and eighth, to such Defaulting Lender
or as otherwise directed by a court of competent jurisdiction; provided, that, if (A) such payment is a payment
of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its
appropriate share, and (B) such Loans were made or the related Letters of Credit were issued at a time when the conditions
set forth in Section 5.02 were satisfied or waived, such payment shall be applied solely to the payment of the
Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the
payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and
unfunded participations in L/C Obligations and Swing Line Loans are held by the Lenders pro rata in accordance with
the Commitments hereunder without giving effect to clause (a)(iv) below. Any payments, prepayments or other amounts
paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash
Collateral pursuant to this clause (a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each
Lender irrevocably consents hereto.


 


(iii)                       
Certain Fees.


 


(A)             
No Defaulting Lender shall be entitled to receive any fee payable under Section 2.09(a) or Section 2.09(b)
for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that
otherwise would have been required to have been paid to that Defaulting Lender).


 


(B)             
Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting
Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided
Cash Collateral pursuant to Section 2.14.


 


(C)              With
respect to any fee payable under Section 2.09(a) or Section 2.09(b) or any Letter of Credit Fee not required to
be paid to any Defaulting Lender pursuant to clauses (a)(iii)(A) or (a)(iii)(B) above, the Borrower shall: (I)
pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to
such Defaulting Lender’s participation in L/C Obligations or Swing Line Loans that has been reallocated to such
Non-Defaulting Lender pursuant to clause (a)(iv) below; (II) pay to each L/C Issuer and Swing Line Lender, as
applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C
Issuer’s or such Swing Line Lender’s Fronting Exposure to such Defaulting Lender; and (III) not be required to
pay the remaining amount of any such fee.


 






    


     


    

 


(iv)                       
Reallocation of Applicable Percentages to Reduce Fronting Exposure. All, or any part, of such Defaulting Lender’s
participation in L/C Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance with
their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment), but only to the
extent that: (A) no Default has occurred and is continuing; and (B) such reallocation does not cause the aggregate Revolving
Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject
to Section 11.19, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against
a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender
as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.


 


(v)                       
Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iv) above cannot,
or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under
applicable Law: (A) first, prepay Swing Line Loans in any amount equal to the Swing Line Lenders’ Fronting
Exposure; and (B) second, Cash Collateralize each L/C Issuer’s Fronting Exposure in accordance with the procedures
set forth in Section 2.14.


 


(b)               
Defaulting Lender Cure. If the Borrower, the Administrative Agent, each Swing Line Lender and each L/C Issuer agree
in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon
as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements
with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans
of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Revolving
Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held on a pro rata basis by
the Lenders in accordance with their Applicable Percentages (without giving effect to Section 2.15(a)(iv)), whereupon such
Lender will cease to be a Defaulting Lender; provided, that, (i) no adjustments will be made retroactively with respect
to fees accrued or payments made by, or on behalf of, the Borrower while that Lender was a Defaulting Lender, and (ii) except to
the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute
a waiver or release of any claim of any party hereunder arising from that Lender having been a Defaulting Lender.


 


ARTICLE
III



TAXES, YIELD PROTECTION AND ILLEGALITY


 


3.01          
Taxes.


 


(a)               
Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes.


 


(i)                       
Any and all payments by, or on account of, any obligation of any Loan Party under any Loan Document shall be made without
deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws (as determined in the good
faith discretion of the Administrative Agent or any Loan Party, as applicable) require the deduction or withholding of any Tax
from any such payment by the Administrative Agent or a Loan Party, then the Administrative Agent or such Loan Party shall be entitled
to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to clause
(e) below.


 






    


     


    

 


(ii)                       
If any Loan Party or the Administrative Agent shall be required by the Internal Revenue Code to withhold or deduct any Taxes,
including both United States Federal backup withholding and withholding Taxes, from any payment, then: (A) the Administrative Agent
shall withhold or make such deductions as are determined by the Administrative Agent to be required based upon the information
and documentation it has received pursuant to clause (e) below; (B) the Administrative Agent shall timely pay the full amount
withheld or deducted to the relevant Governmental Authority in accordance with the Internal Revenue Code; and (C) to the extent
that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be
increased as necessary so that, after any required withholding or the making of all required deductions (including deductions applicable
to additional sums payable under this Section 3.01), the applicable Recipient receives an amount equal to the sum it would
have received had no such withholding or deduction been made.


 


(iii)                       
If any Loan Party or the Administrative Agent shall be required by any applicable Laws other than the Internal Revenue Code
to withhold or deduct any Taxes from any payment, then: (A) such Loan Party or the Administrative Agent, as required by such Laws,
shall withhold or make such deductions as are determined by it to be required based upon the information and documentation it has
received pursuant to clause (e) below; (B) such Loan Party or the Administrative Agent, to the extent required by such Laws,
shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with such Laws; and
(C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable
Loan Party shall be increased as necessary so that, after any required withholding or the making of all required deductions (including
deductions applicable to additional sums payable under this Section 3.01), the applicable Recipient receives an amount equal
to the sum it would have received had no such withholding or deduction been made.


 


(b)               
Payment of Other Taxes by the Loan Parties. Without limiting the provisions of clause (a) above, the Loan
Parties shall timely pay to the relevant Governmental Authority in accordance with applicable Law, or, at the option of the Administrative
Agent, timely reimburse it for the payment of, any Other Taxes.


 


(c)               
Tax Indemnifications.


 


(i)                        Each
of the Loan Parties shall, and does hereby, jointly and severally indemnify each Recipient, and shall make payment in respect
thereof within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes
imposed or asserted on, or attributable to, amounts payable under this Section 3.01) payable or paid by such Recipient
or required to be withheld or deducted from a payment to such Recipient, and any reasonable expenses arising therefrom or
with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or
an L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf, or on behalf of a
Lender or an L/C Issuer, shall be conclusive absent manifest error. Each of the Loan Parties shall, and does hereby, jointly
and severally indemnify the Administrative Agent, and shall make payment in respect thereof within ten (10) days after demand
therefor, for any amount which a Lender or an L/C Issuer, for any reason, fails to pay indefeasibly to the Administrative
Agent as required pursuant to clause (c)(ii) below.


 






    


     


    

 


(ii)                       
Each Lender and each L/C Issuer shall, and does hereby, severally indemnify, and shall make payment in respect thereof within
ten (10) days after demand therefor: (A) the Administrative Agent against any Indemnified Taxes attributable to such Lender or
such L/C Issuer (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified
Taxes and without limiting the obligation of the Loan Parties to do so); (B) the Administrative Agent and the Loan Parties, as
applicable, against any Taxes attributable to such Lender’s failure to comply with the provisions of Section 11.06(d)
relating to the maintenance of a Participant Register; and (C) the Administrative Agent and the Loan Parties, as applicable, against
any Excluded Taxes attributable to such Lender or such L/C Issuer, in each case, that are payable or paid by the Administrative
Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto,
whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as
to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest
error. Each Lender and each L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any
time owing to such Lender or such L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount
due to the Administrative Agent under this clause (c)(ii).


 


(d)               
Evidence of Payments. Upon request by any Loan Party or the Administrative Agent, as the case may be, after any payment
of Taxes by any Loan Party or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01,
each Loan Party shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrower, as the case
may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of
any return required by applicable Laws to report such payment or other evidence of such payment reasonably satisfactory to the
Borrower or the Administrative Agent, as the case may be.


 


(e)               
Status of Lenders; Tax Documentation.


 


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


 






    


     


    

 


(ii)                       
Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person,


 


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


 


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


 


(I)                       
in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party: (1)
with respect to payments of interest under any Loan Document, executed copies of IRS Form W–8BEN or W–8BEN–E
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of
such tax treaty; and (2) with respect to any other applicable payments under any Loan Document, IRS Form W–8BEN or W–8BEN–E
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or
 “other income” article of such tax treaty;


 


(II)                       
executed copies of Internal Revenue Service Form W–8ECI;


 


(III)                       
in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the
Internal Revenue Code: (1) a certificate substantially in the form of Exhibit 3.01–1 to the effect that such Foreign
Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent
shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled
foreign corporation” described in Section 881(c)(3)(C) of the Internal Revenue Code (a “U.S.
Tax Compliance Certificate”); and (2) executed copies of IRS Form W–8BEN or W–8BEN–E; or


 


(IV)                       
to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W–8IMY, accompanied by IRS
Form W–8ECI, IRS Form W–8BEN or W–8BEN–E, a U.S. Tax Compliance Certificate substantially in the form of
Exhibit 3.01–2 or Exhibit 3.01–3, IRS Form W–9, and/or other certification documents from each
beneficial owner, as applicable; provided, that, if the Foreign Lender is a partnership and one (1) or more direct
or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S.
Tax Compliance Certificate substantially in the form of Exhibit 3.01–4 on behalf of each such direct and indirect
partner;


 


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


 






    


     


    

 


(D)             
if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section
1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Lender shall deliver to the Borrower and the Administrative
Agent, at the time or times prescribed by applicable Law and at such time or times reasonably requested by the Borrower or the
Administrative Agent, such documentation prescribed by applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the
Internal Revenue Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may
be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such
Lender has complied with such Lender’s obligations under FATCA, or to determine the amount to deduct and withhold from such
payment. Solely for purposes of this clause (e)(ii)(D), “FATCA” shall include any amendments made to
FATCA after the date of this Agreement.


 


(iii)                       
Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 3.01 expires
or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and
the Administrative Agent in writing of its legal inability to do so.


 


(f)                
Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have
any obligation to file for or otherwise pursue on behalf of a Lender or an L/C Issuer, or have any obligation to pay to any Lender
or any L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or such L/C Issuer,
as the case may be. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund
of any Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional
amounts pursuant to this Section 3.01, it shall pay to the Loan Party an amount equal to such refund (but only to the extent
of indemnity payments made, or additional amounts paid, by a Loan Party under this Section 3.01 with respect to the Taxes
giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest
(other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that,
the Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to the Loan Party (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient is required
to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this clause (f), in no
event will the applicable Recipient be required to pay any amount to the Loan Party pursuant to this clause the payment of which
would place the Recipient in a less favorable net after-Tax position than such Recipient would have been in if the indemnification
payments or additional amounts giving rise to such refund had never been paid. This clause (f) shall not be construed to
require any Recipient to make available its tax returns (or any other information relating to its Taxes that it deems confidential)
to any Loan Party or any other Person.


 


(g)               
Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or replacement
of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or an L/C Issuer, the termination of
the Commitments and the repayment, satisfaction or discharge of all other Obligations.


 






    


     


    

 


3.02          
Illegality.


 


If any Lender determines
that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its Lending
Office to make, maintain or fund Loans whose interest is determined by reference to the Eurodollar Rate, or to determine or charge
interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority
of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by
such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue Eurodollar
Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended, and (ii) if such notice asserts the illegality
of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate
component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality,
be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case, until
such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer
exist. Upon receipt of such notice, (A) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent),
prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans (the interest rate on which Base
Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference
to the Eurodollar Rate component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may
lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue
to maintain such Eurodollar Rate Loans, and (B) if such notice asserts the illegality of such Lender determining or charging interest
rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate
applicable to such Lender without reference to the Eurodollar Rate component thereof until the Administrative Agent is advised
in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Eurodollar
Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted.


 


3.03          
Inability to Determine Rates.


 


(a)               
If, in connection with any request for a Eurodollar Rate Loan, or a conversion to or continuation thereof, (i) the Administrative
Agent determines that (A) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable
amount and Interest Period of such Eurodollar Rate Loan, or (B) (I) adequate and reasonable means do not exist for determining
the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or in connection with an
existing or proposed Base Rate Loan, and (II) the circumstances described in clause (c)(i) below do not apply (in each case
with respect to this clause (a)(i), “Impacted Loans”), or (ii) the Administrative Agent or the
Requisite Lenders determine that, for any reason, the Eurodollar Rate for any requested Interest Period with respect to a proposed
Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Eurodollar Rate Loan, then,
the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (A) the obligation of the Lenders to
make or maintain Eurodollar Rate Loans shall be suspended (to the extent of the affected Eurodollar Rate Loans or Interest Periods),
and (B) in the event of a determination described in the preceding sentence with respect to the Eurodollar Rate component of the
Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case, until
the Administrative Agent (or, in the case of a determination by the Requisite Lenders described in clause (a)(ii) above,
until the Administrative Agent, upon instruction of the Requisite Lenders) revokes such notice. Upon receipt of such notice, the
Borrower may revoke any pending request for a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans (to the extent
of the affected Eurodollar Rate Loans or Interest Periods), or, failing that, will be deemed to have converted such request into
a request for a Borrowing of Base Rate Loans in the amount specified therein.


 






    


     


    

 


(b)               
Notwithstanding anything to the contrary in the foregoing, if the Administrative Agent has made the determination described
in clause (a)(i) above, then the Administrative Agent, in consultation with the Borrower and the affected Lenders, may establish
an alternative interest rate for the Impacted Loans, in which case, such alternative rate of interest shall apply with respect
to the Impacted Loans until: (i) the Administrative Agent revokes the notice delivered with respect to the Impacted Loans under
clause (a)(i) above; (ii) the Administrative Agent or the Requisite Lenders notify the Administrative Agent and the Borrower
that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans;
or (iii) any Lender determines that any applicable Law has made it unlawful, or that any Governmental Authority has asserted that
it is unlawful, for any such Lender or its applicable Lending Office to make, maintain, or fund Loans whose interest is determined
by reference to such alternative rate of interest, or to determine or charge interest rates based upon such rate, or any Governmental
Authority has imposed material restrictions on the authority of such Lender to do any of the foregoing, and such Lender provides
the Administrative Agent and the Borrower with written notice thereof.


 


(c)               
Notwithstanding anything to the contrary in this Agreement or in any other Loan Documents, but without limiting clauses
(a) or (b) above, if the Administrative Agent determines (which determination shall be conclusive and binding upon all
parties hereto, absent manifest error), or the Borrower or Requisite Lenders notify the Administrative Agent (with, in the case
of the Requisite Lenders, a copy to the Borrower), that the Borrower or Requisite Lenders, as applicable, have determined (which
determination likewise shall be conclusive and binding upon all parties hereto, absent manifest error), that:


 


(i)                       
adequate and reasonable means do not exist for ascertaining LIBOR for any requested Interest Period, including, without
limitation, because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely
to be temporary;


 


(ii)                       
the administrator of the LIBOR Screen Rate or a Governmental Authority having, or purporting to have, jurisdiction over
the Administrative Agent has made a public statement identifying a specific date after which LIBOR, or the LIBOR Screen Rate, shall
no longer be made available, or used for determining the interest rate of loans, provided, that, at the time of such
statement, there is no successor administrator that is satisfactory to the Administrative Agent that will continue to provide LIBOR
after such specific date (such specific date, the “Scheduled Unavailability Date”); or


 


(iii)                       
syndicated loans currently being executed, or that include language similar to that contained in this Section 3.03,
are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR;


 


then, reasonably promptly after such
determination by the Administrative Agent, or receipt by the Administrative Agent of such notice, as applicable, the
Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with (A) one (1) or more SOFR-Based Rates, or
(B) another alternate benchmark rate giving due consideration to any evolving, or then existing, convention for similar U.S.
dollar denominated syndicated credit facilities for such alternative benchmark, and, in each case of the foregoing clauses
(c)(A) and (c)(B), including any mathematical or other adjustments to such benchmark, giving due consideration to
any evolving, or then existing, convention for similar U.S. dollar denominated syndicated credit facilities for such
benchmarks, which adjustment, or method for calculating such adjustment, shall be published on an information service, as
selected by the Administrative Agent from time to time in its reasonable discretion, and may be periodically updated (such
adjustment, the “Adjustment”; and any such proposed rate, a “LIBOR Successor
Rate”). Any such amendment shall become effective at 5:00 p.m. on the date that is five (5) Business Days after
the date on which the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower, unless,
prior to such time, Lenders comprising Requisite Lenders have delivered to the Administrative Agent written notice that, (I)
in the case of an amendment to replace LIBOR with a rate described in clause (c)(A) above, such Requisite Lenders
object to the Adjustment, or (II) in the case of an amendment to replace LIBOR with a rate described in clause (c)(B)
above, such Requisite Lenders object to such amendment; provided, that, for the avoidance of doubt, in the case
of clause (c)(I) above, the Requisite Lenders shall not be entitled to object to any SOFR-Based Rate contained
in any such amendment. Such LIBOR Successor Rate shall be applied in a manner consistent with market practice; provided, that,
to the extent that market practice is not administratively feasible for the Administrative Agent, such LIBOR Successor Rate
shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.


 






    


     


    

 


(d)               
If no LIBOR Successor Rate has been determined and the circumstances under clause (c)(i) above exist, or the Scheduled
Unavailability Date has occurred, as applicable, the Administrative Agent will promptly so notify the Borrower and each Lender.
Thereafter: (i) the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended (to the extent of the
affected Eurodollar Rate Loans or Interest Periods); and (ii) the Eurodollar Rate component shall no longer be utilized in determining
the Base Rate. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to, or continuation
of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Interest Periods), or, failing that, will be deemed
to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (d)(ii))
in the amount specified therein.


 


(e)                Notwithstanding
anything else to the contrary herein, any definition of LIBOR Successor Rate shall provide that
in no event shall such:
(i) at any time that is prior to the termination of all Specified Swap Contracts, if the LIBOR Successor
Rate would
be less than zero,
such rate shall be deemed to be zero for purposes of this Agreement; and (ii) at any time that is after the
termination of all Specified Swap Contracts, if the LIBOR Successor Rate would be less than three quarters of one
percent (0.75%), such rate shall be deemed to be three quarters of one percent (0.75%) for purposes of this
Agreement.


 


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


 


3.04          
Increased Costs.


 


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


 


(i)                       
impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against any Property of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any
reserve requirement reflected in the Eurodollar Rate) or any L/C Issuer;


 


(ii)                       
subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through
(d) of the definition of “Excluded Taxes” in Section 1.01, and (C) Connection Income Taxes) on
its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or
capital attributable thereto; or


 






    


     


    

 



  


(iii)                       
impose on any Lender or any L/C Issuer or the London interbank market any other condition, cost or expense affecting this
Agreement or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein;


 


and the result of any
of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any Loan the
interest on which is determined by reference to the Eurodollar Rate (or of maintaining its obligation to make any such Loan), or
to increase the cost to such Lender or such L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of
maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or
receivable by such Lender or such L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request
of such Lender or such L/C Issuer, the Borrower will pay to such Lender or such L/C Issuer, as the case may be, such additional
amount or amounts as will compensate such Lender or such L/C Issuer, as the case may be, for such additional costs incurred or
reduction suffered.


 


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


 


(c)               
Certificates for Reimbursement. A certificate of a Lender or an L/C Issuer setting forth the amount or amounts necessary
to compensate such Lender or such L/C Issuer or its holding company, as the case may be, as specified in clauses (a) or
(b) above and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or
such L/C Issuer, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.
Notwithstanding anything contained in this Section 3.04 to the contrary, the Borrower shall only be obligated to pay any
amounts due under this Section 3.04 if, and a Lender shall not exercise any right under this Section 3.04 unless,
the Lender certifies that it is generally imposing a similar charge on, or otherwise similarly enforcing its agreements with, its
other similarly situated borrowers.


 


(d)               
Delay in Requests. Failure or delay on the part of any Lender or any L/C Issuer to demand compensation pursuant to
the foregoing provisions of this Section 3.04 shall not constitute a waiver of such Lender’s or such L/C Issuer’s
right to demand such compensation; provided, that, the Borrower shall not be required to compensate a Lender or an
L/C Issuer pursuant to the foregoing provisions of this Section 3.04 for any increased costs incurred or reductions suffered
more than four (4) months prior to the date that such Lender or such L/C Issuer, as the case may be, notifies the Borrower of the
Change in Law giving rise to such increased costs or reductions and of such Lender’s or such L/C Issuer’s intention
to claim compensation therefor (provided, that, if the Change in Law giving rise to such increased costs or reductions
is retroactive, then the four (4) month period referred to above shall be extended to include the period of retroactive effect
thereof).


 


3.05          
Compensation for Losses.


 


Upon written demand
of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for
and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:


 






     


     


    

 


(a)               
any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last
day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);


 


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


 


(c)               
any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of
a request by the Borrower pursuant to Section 11.13;


 


including any loss or expense arising from
the liquidation or reemployment of funds (but excluding loss of anticipated profits) obtained by it to maintain such Loan or from
fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative
fees charged by such Lender in connection with the foregoing.


 


For purposes of calculating
amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded
each Eurodollar Rate Loan made by it at the Eurodollar Base Rate used in determining the Eurodollar Rate for such Loan by a matching
deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether
or not such Eurodollar Rate Loan was in fact so funded.


 


Notwithstanding anything
to the contrary in this Section 3.05, each of the Lenders that were lenders under the Existing Credit Agreement hereby waive
the requirement that the Borrower reimburse such Lender for any break funding costs incurred or arising in connection with the
amendment and restatement of the Existing Credit Agreement pursuant to this Agreement.


 


3.06          
Mitigation Obligations; Replacement of Lenders.


 


(a)               
Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or requires
the Borrower to pay any Indemnified Taxes or additional amounts to any Lender, any L/C Issuer or any Governmental Authority for
the account of any Lender or any L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section
3.02, then at the request of the Borrower such Lender or such L/C Issuer shall, as applicable, use reasonable efforts to designate
a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another
of its offices, branches or affiliates, if, in the judgment of such Lender or such L/C Issuer, such designation or assignment:
(i) would eliminate or reduce amounts payable pursuant to Section 3.01 or Section 3.04, as the case may be, in the
future, or eliminate the need for the notice pursuant to Section 3.02, as applicable; and (ii) in each case, would not subject
such Lender or such L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous
to such Lender or such L/C Issuer, as the case may be. The Borrower hereby agrees to pay all reasonable out-of-pocket costs and
expenses incurred by any Lender or any L/C Issuer in connection with any such designation or assignment.


 


(b)                Replacement
of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any
Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section
3.01 or any Lender notifies the Borrower and Administrative Agent that it is unable to fund Eurodollar Rate Loans
pursuant to Section 3.02 or Section 3.03, and, in each case, such Lender has declined or is unable to designate
a different lending office in accordance with Section 3.06(a), the Borrower may replace such Lender in accordance with Section
11.13.


 






     


     


    

 


3.07          
Survival.


 


All of the Borrower’s
obligations under this Article III shall survive termination of the Aggregate Revolving Commitments, repayment of all other
Obligations hereunder and resignation of the Administrative Agent.


 


3.08          
Withholding Taxes.


 


For purposes of determining
withholding Taxes imposed under FATCA, from and after the Effectiveness Date, the Borrower and the Administrative Agent shall treat
(and the Lenders hereby authorize the Administrative Agent to treat) the Loans under this Agreement as not qualifying as a “grandfathered
obligation” within the meaning of Treasury Regulation Section 1.1471–2(b)(2)(i).


 


ARTICLE
IV



GUARANTY


 


4.01          
The Guaranty.


 


(a)               
Each Guarantor hereby jointly and severally guarantees to each Lender, each Swap Bank, each Treasury Management Bank, and
the Administrative Agent as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Obligations in
full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory Cash Collateralization, or
otherwise) strictly in accordance with the terms thereof. Each Guarantor hereby further agrees that, if any of the Obligations
are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory Cash Collateralization,
or otherwise), the Guarantors will, jointly and severally, promptly pay the same, without any demand or notice whatsoever, and
that, in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full
when due (whether at extended maturity, as a mandatory prepayment, by acceleration, as a mandatory Cash Collateralization, or otherwise)
in accordance with the terms of such extension or renewal. The Borrower hereby guarantees any Additional Obligations (determined
before giving effect to this Section 4.01 and Section 4.08) under the Guaranty.


 


(b)               
Notwithstanding any provision to the contrary contained in this Agreement or any other Loan Document: (i) the Guaranty of
each Guarantor (other than the Parent Guarantor) provided pursuant to this Article IV shall be limited to the payment of
the Obligations as described in clause (a) above if, and to the extent that, such Obligations become due or payable solely
at all times during the CSAG Period; and (ii) Swap Contracts or Treasury Management Agreements, the obligations of each
Guarantor and the Borrower under this Agreement and the other Loan Documents shall be limited to an aggregate amount equal to the
largest amount that would not render such obligations subject to avoidance under the Debtor Relief Laws or any comparable provisions
of any applicable state Law.


 






     


     


    

 


4.02          
Obligations Unconditional.


 


The obligations of
each Guarantor under Section 4.01 are joint and several, absolute and unconditional, irrespective of the value, genuineness,
validity, regularity or enforceability of any of the Loan Documents, Swap Contracts or Treasury Management Agreements, or any other
agreement or instrument referred to therein, or any substitution, release, impairment or exchange of any other guarantee of, or,
solely at all times during the CSAG Period, security for, any of the Obligations, and, to the fullest extent permitted
by applicable Law, irrespective of any law or regulation or other circumstance whatsoever which might otherwise constitute a legal
or equitable discharge or defense of a surety or guarantor (other than payment in full of the Obligations), it being the intent
of this Section 4.02 that the obligations of each Guarantor hereunder shall be absolute and unconditional under any and
all circumstances. Each Guarantor agrees that such Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution
against the Borrower or any other Guarantor for amounts paid under this Article IV until such time as the Obligations have
been paid in full (other than contingent indemnification obligations that are not then due and payable) and the Commitments have
expired or terminated. Without limiting the generality of the foregoing, it is agreed that, to the fullest extent permitted by
applicable Law, the occurrence of any one (1) or more of the following shall not alter or impair the liability of any Guarantor
hereunder, which shall remain absolute and unconditional as described above:


 


(a)               
at any time or from time to time, without notice to any Guarantor, the time for any performance of, or compliance with,
any of the Obligations shall be extended, or such performance or compliance shall be waived;


 


(b)               
any of the acts mentioned in any of the provisions of any of the Loan Documents, any Swap Contract between any Loan Party
and any Swap Bank, or any Treasury Management Agreement between any Loan Party and any Treasury Management Bank, or any other agreement
or instrument referred to in the Loan Documents, such Swap Contracts or such Treasury Management Agreements shall be done or omitted;


 


(c)               
the maturity of any of the Obligations shall be accelerated, or any of the Obligations shall be modified, supplemented or
amended in any respect, or any right under any of the Loan Documents, any Swap Contract between any Loan Party and any Swap Bank,
or any Treasury Management Agreement between any Loan Party and any Treasury Management Bank, or any other agreement or instrument
referred to in the Loan Documents, such Swap Contracts or such Treasury Management Agreements shall be waived, or any other guarantee
of any of the Obligations, or, solely at all times during the CSAG Period, any security therefor, shall be released,
impaired or exchanged, in whole or in part, or otherwise dealt with;


 


(d)               
any Lien granted to, or in favor of, the Administrative Agent or any Lender as security for any of the Secured Obligations
shall fail to attach or be perfected; or


 


(e)               
any of the Obligations shall be determined to be void or voidable (including, without limitation, for the benefit of any
creditor of a Loan Party) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of
a Loan Party).


 


With respect to its
obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand of payment, protest and all notices
whatsoever, and any requirement that the Administrative Agent or any Lender exhaust any right, power or remedy or proceed against
any Person under any of the Loan Documents, any Swap Contract between any Loan Party and any Swap Bank, or any Treasury Management
Agreement between any Loan Party and any Treasury Management Bank, or any other agreement or instrument referred to in the Loan
Documents, such Swap Contracts or such Treasury Management Agreements, or against any other Person under any other guarantee of,
or, solely at all times during the CSAG Period, security for, any of the Obligations.


 






     


     


    

 


4.03          
Reinstatement.


 


The obligations of
each Guarantor under this Article IV shall be automatically reinstated if, and to the extent that, for any reason, any payment
by, or on behalf of, any Person in respect of the Obligations is rescinded or must be otherwise restored by any holder of any of
the Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and each Guarantor agrees
that it will indemnify the Administrative Agent and each Lender on demand for all reasonable costs and expenses (including, without
limitation, the fees, charges and disbursements of counsel) incurred by the Administrative Agent or such Lender in connection with
such rescission or restoration, including any such costs and expenses incurred in defending against any claim alleging that such
payment constituted a preference, fraudulent transfer or similar payment under any bankruptcy, insolvency or similar Law.


 


4.04          
Certain Additional Waivers.


 


Each Guarantor agrees
that such Guarantor shall have no right of recourse to security, if any, for the Obligations at any time, except through the exercise
of rights of subrogation pursuant to Section 4.02 and through the exercise of rights of contribution pursuant to Section
4.06.


 


4.05          
Remedies.


 


Each Guarantor agrees
that, to the fullest extent permitted by applicable Law, as between such Guarantor, on the one hand, and the Administrative Agent
and the Lenders, on the other hand, the Obligations may be declared to be forthwith due and payable as provided in Section 9.02.
Section 9.03 and Section 9.04 (and shall be deemed to have become automatically due and payable in the circumstances
provided in said Section 9.02) for purposes of Section 4.01, notwithstanding any stay, injunction or other prohibition
preventing such declaration (or preventing the Obligations from becoming automatically due and payable) as against any other Person,
and that, in the event of such declaration (or the Obligations being deemed to have become automatically due and payable), the
Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by such Guarantor for purposes
of Section 4.01. The Guarantors acknowledge and agree that, solely at all times during the CSAG Period, their
obligations hereunder are secured in accordance with the terms of the Collateral Documents and that the Collateral Agent, on behalf
of the Secured Parties, may exercise remedies thereunder in accordance with the terms of this Agreement and thereof.


 


4.06          
Rights of Contribution.


 


Each Guarantor and
the Borrower agree that, in connection with payments made hereunder, each Guarantor and the Borrower shall have contribution rights
against each other as permitted under applicable Law. Such contribution rights shall be subordinate, and subject in right of payment,
to the obligations of each Guarantor and the Borrower under the Loan Documents, and neither any Guarantor nor the Borrower shall
exercise such rights of contribution until all Obligations have been paid in full (other than contingent indemnification obligations
that are not then due and payable) and the Commitments have expired or been terminated.


 


4.07          
Guarantee of Payment; Continuing Guarantee.


 


The guarantee in this
Article IV is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all Obligations
whenever arising; provided, that, upon the Collateral and Subsidiary Guaranty Release Date, all Guarantors, other
than the Parent Guarantor, shall be automatically released from the Guaranty provided by this Article IV.


 






     


     


    

 


4.08          
Keepwell.


 


Each Loan Party that
is a Qualified ECP Guarantor at the time the Guaranty in this Article IV by any Loan Party that is not then an “eligible
contract participant” under the Commodity Exchange Act (a “Specified Loan Party”) becomes effective
with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide
such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified
Loan Party from time to time to honor all of its obligations under this Guaranty and the other Loan Documents in respect of such
Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering
such Qualified ECP Guarantor’s obligations and undertakings under this Article IV voidable under applicable Debtor
Relief Laws, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section
4.08 shall remain in full force and effect until the Obligations have been indefeasibly paid and performed in full (other than
contingent indemnification obligations under the Loan Documents that are not then due or claimed). Each Loan Party intends this
Section 4.08 to constitute, and this Section 4.08 shall be deemed to constitute, a “keepwell, support, or other
agreement” for the benefit of each Specified Loan Party for all purposes of the Commodity Exchange Act.


 


4.09          
Appointment of Borrower.


 


Each Loan Party hereby
appoints the Borrower to act as its agent for all purposes of this Agreement, the other Loan Documents, and all other documents
and electronic platforms entered into in connection herewith, and agrees that: (a) the Borrower may execute such documents,
and provide such authorizations on behalf of such Loan Party, as the Borrower deems appropriate in its sole discretion, and such
Loan Party shall be obligated by all of the terms of any such document and/or authorization executed on its behalf; (b) any
notice or communication delivered by the Administrative Agent, an L/C Issuer, or a Lender to the Borrower shall be deemed delivered
to such Loan Party; and (c) the Administrative Agent, the L/C Issuers, or the Lenders may accept, and be permitted to rely
on, any document, authorization, instrument or agreement executed by the Borrower on behalf of such Loan Party.


 


ARTICLE
V



CONDITIONS PRECEDENT TO CREDIT EXTENSIONS


 


5.01          
Conditions of Initial Credit Extension.


 


This Agreement shall become effective upon,
and the obligation of each L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction
of, the following conditions precedent:


 


(a)                Loan
Documents. Receipt by the Administrative Agent of executed counterparts of this Agreement and the other Loan Documents to
be entered into as of the Effectiveness Date, each properly executed by an authorized officer of the signing Loan Party and,
in the case of this Agreement, by each Lender.


 






     


     


    

 


(b)               
Opinions of Counsel. Receipt by the Administrative Agent of customary opinions of legal counsel to the Loan Parties,
addressed to the Administrative Agent and each Lender, dated as of the Effectiveness Date.


 


(c)               
No Material Adverse Effect. Since December 31, 2017, there shall not have occurred a Material Adverse Effect.


 


(d)               
Litigation. There shall not exist any action, suit, investigation or proceeding pending, or, to the knowledge
of the Loan Parties, threatened, in any court, or before an arbitrator or Governmental Authority, that would reasonably be expected
to have a Material Adverse Effect.


 


(e)               
Organizational Documents, Resolutions, Etc. Receipt by the Administrative Agent of the following, each of which shall
be originals or facsimiles (followed promptly by originals):


 


(i)                       
copies of the Organizational Documents of each Loan Party certified to be true and complete as of a recent date by the appropriate
Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified
by a secretary or assistant secretary of such Loan Party to be true and correct as of the Effectiveness Date;


 


(ii)                       
such certificates of resolutions or other action, incumbency certificates and/or other certificates of authorized officers
of each Loan Party as the Administrative Agent may reasonably require, evidencing the identity, authority and capacity of each
authorized officer thereof authorized to act as an authorized officer in connection with this Agreement and the other Loan Documents
to which such Loan Party is a party; and


 


(iii)                       
such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is
duly organized or formed, and is validly existing, in good standing, and qualified to engage in business in its state of organization
or formation.


 


(f)                
Closing Certificate. Receipt by the Administrative Agent of a certificate, signed by a Responsible Officer of the
Borrower, certifying that the conditions specified in Section 5.01(c), Section 5.01(d), Section 5.02(a) and
Section 5.02(b) have been satisfied as of the Effectiveness Date.


 


(g)               
Existing Credit Agreement. Receipt by the Administrative Agent of evidence that: (i) all obligations owed to lenders
under the Existing Credit Agreement who are not Lenders hereunder, if any, shall have been paid in full; and (ii) the obligations
owed to lenders under the Existing Credit Agreement who are Lenders hereunder shall be paid to the extent necessary so that the
Obligations owed to such Lenders hereunder do not exceed their respective Commitments.


 


(h)               
KYC Information.


 


(i)                        Upon
the reasonable request of any Lender made at least ten (10) days prior to the Effectiveness Date, the Borrower shall
have provided to such Lender the documentation and other information so requested in connection with applicable “know
your customer” and anti-money-laundering rules and regulations, including the Act, in each case, at least five
(5) days prior to the Effectiveness Date.


 






     


     


    

 


(ii)                       
At least five (5) days prior to the Effectiveness Date, if the Borrower qualifies as a “legal entity customer”
under the Beneficial Ownership Regulation, it shall deliver a Beneficial Ownership Certification.


 


(i)                
Fees. Receipt by the Administrative Agent, the Arrangers, and the Lenders of any fees required to be paid on or before
the Effectiveness Date.


 


(j)                
Out-of-Pocket Expenses and Attorney Costs. Unless waived by the Administrative Agent, the Borrower shall have paid
all reasonable out-of-pocket expenses of the Arrangers and the Administrative Agent and all fees, charges and disbursements of
counsel to the Administrative Agent (limited to one (1) primary counsel for the Administrative Agent and, if deemed reasonably
necessary by the Administrative Agent, of one (1) special and/or local counsel to the Administrative Agent in each applicable jurisdiction
or regulatory counsel retained by the Administrative Agent) to the extent invoiced at least three (3) Business Days prior
to the Effectiveness Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its
reasonable estimate of such fees, charges and disbursements incurred, or to be incurred, by it through the closing proceedings
(provided, that, such estimate shall not thereafter preclude a final settling of accounts between the Borrower and
the Administrative Agent).


 


Without limiting the
generality of the provisions of the last paragraph of Section 10.03, for purposes of determining compliance with the conditions
specified in this Section 5.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved
or accepted, or to be satisfied with, each document or other matter required thereunder to be consented to or approved by, or acceptable
or satisfactory to, a Lender, unless the Administrative Agent shall have received notice from such Lender prior to the proposed
Effectiveness Date specifying its objection thereto.


 


5.02          
Conditions to all Credit Extensions.


 


Subject to Section
2.01(d)(ii) and the Incremental Funds Certain Provision, if applicable, the obligation of each Lender or each L/C Issuer, as
applicable, to honor any Request for Credit Extension (excluding any conversion or continuation of Loans) is subject to the following
conditions precedent:


 


(a)               
The representations and warranties of each Loan Party contained in Article VI or any other Loan Document, or which
are contained in any agreement, certificate or notice furnished at any time under, or in connection, herewith or therewith, shall
be true and correct in all material respects (provided, that, any representation or warranty that is qualified as
to “materiality” or “Material Adverse Effect” shall be true and correct in all respects) on and as of the
date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date,
in which case, they shall be true and correct in all material respects (provided, that, any representation or warranty
that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all respects)
as of such earlier date; provided, that, for purposes of this Section 5.02, the representations and warranties
contained in Section 6.05(a) and Section 6.05(b) shall be deemed to refer to the most recent statements furnished
pursuant to Section 7.01(a), Section 7.01(b) and Section 7.01(c), respectively.


 


(b)               
No Default or Event of Default shall exist, or would result from such proposed Credit Extension or from the application
of the proceeds thereof.


 






     


     


    

 


(c)               
The Administrative Agent and, if applicable, the applicable L/C Issuer and/or the applicable Swing Line Lender shall have
received a Request for Credit Extension in accordance with the requirements hereof.


 


(d)               
The
Loan Parties and Subsidiaries shall be in compliance with all applicable Financial Covenants in effect at such time, after giving
effect to the incurrence of such Credit Extension and the application of the proceeds thereof on a Pro Forma Basis. 


 


Each Request for Credit
Extension submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Section
5.02(a) and Section 5.02(b) have been satisfied (or waived in accordance with the terms hereof) on and as of the date
of the applicable Credit Extension.


 


ARTICLE
VI



REPRESENTATIONS AND WARRANTIES


 


In order to induce
the Lenders and the Administrative Agent to enter into this Agreement, and to extend credit hereunder and under the other Loan
Documents on the Effectiveness Date, the Loan Parties, jointly and severally, make the representations and warranties set forth
in this Article VI and upon the occurrence of each Credit Extension thereafter (provided, that, (A) the
representations and warranties set out in Section 6.03(a), Section 6.04(b), Section 6.09(a), Section 6.09(b),
Section 6.10(c), Section 6.20, Section 6.21, Section 6.22, and Section 6.24, in each case, are
made only on the First Amendment Effectiveness Date, upon the occurrence of each Credit Extension, and as may otherwise be agreed
in writing by the Loan Parties, in each case, during the CSAG Period, and (B) the representations and warranties set
out in Section 6.03(b) and Section 6.09(c) are made only upon the occurrence of each Credit Extension not
during the CSAG Period and as may otherwise be agreed in writing by the Loan Parties):


 


6.01          
Organization, Etc.


 


Each Loan Party (a)
is a corporation or other form of legal entity, and each of its Subsidiaries is a corporation, partnership, or other form of legal
entity (i) validly organized and existing, and (ii) in good standing (to the extent such concept exists in the relevant jurisdiction)
under the Laws of the jurisdiction of its incorporation or organization, as the case may be, (b) is duly qualified to do business,
and is in good standing as a foreign corporation or foreign partnership (or comparable foreign qualification, if applicable, in
the case of any other form of legal entity), as the case may be, in each jurisdiction where the nature of its business requires
such qualification, (c) has full power and authority to (i) enter into, and perform its obligations under, this Agreement and each
other Loan Document to which it is a party, and (ii) own, or hold under lease, its property, and to conduct its business substantially
as currently conducted by it, and (d) holds all requisite governmental licenses, permits and other approvals to (i) enter into,
and perform its obligations under, this Agreement and each other Loan Document to which it is a party, and (ii) own, or hold under
lease, its property, and to conduct its business substantially as currently conducted by it, except, in the case of clauses (a)(ii),
(b), (c)(ii) and (d) above only, where the failure to do so would not reasonably be expected to have a Material
Adverse Effect.


 






     


     


    

 


6.02          
Due Authorization, Non-Contravention, Etc.


 


The execution, delivery
and performance by each Loan Party of this Agreement and each other Loan Document to which it is a party, the borrowing of the
Loans, the use of the proceeds thereof, and the issuance of the Letters of Credit hereunder are within each Loan Party’s
corporate, partnership or comparable powers, as the case may be, have been duly authorized by all necessary corporate, partnership
or comparable and, if required, stockholder action, as the case may be, and do not:


 


(a)               
contravene the Organizational Documents of any Loan Party or any of its respective Subsidiaries;


 


(b)               
contravene any law, statute, rule or regulation binding on or affecting any Loan Party or any of its respective Subsidiaries;


 


(c)               
violate, or result in a default or event of default or an acceleration of any rights or benefits under, any indenture, agreement
or other instrument binding upon any Loan Party or any of its respective Subsidiaries; or


 


(d)               
result in, or require the creation or imposition of, any Lien on any Property of any Loan Party, or any of its respective
Subsidiaries, except Liens created under the Loan Documents;


 


except, in the cases of clauses (a)
(with respect to Subsidiaries that are not Loan Parties only), (b), (c) and (d) above only, as would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.


 


6.03          
Government Approval, Regulation, Etc.


 


(a)               
Solely with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and
severally, making the representation and warranty set forth in this Section 6.03 on a date that is during the
CSAG period, no consent, authorization, approval or other action by, and no notice to or filing with, any Governmental Authority
or regulatory body or other Person is required for the due execution, delivery or performance by any Loan Party of this Agreement
or any other Loan Document, the borrowing of the Loans, the use of the proceeds thereof, the issuance of Letters of Credit hereunder,
and the pledge or grant by any Loan Party of the Liens granted, or purported to be granted, in favor of the Collateral Agent pursuant
to the Collateral Documents, except, in each case: (i) such as have been obtained or made and are in full force and effect; (ii)
filings, recording or other requirements in connection with the granting and perfection of Liens on the Equity Interests of First-Tier
Foreign Subsidiaries; (iii) with respect to any Real Property that is leased from a Governmental Authority that is to be made subject
to a Mortgage, any consent of such Governmental Authority to such Mortgage in its capacity as landlord under the applicable lease;
and (iv) those, the failure of which to obtain or make, would not reasonably be expected to have a Material Adverse Effect. No
Loan Party or Subsidiary is an “investment company” within the meaning of the Investment Company Act of 1940, as amended.


 


(b)               
Solely
with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and severally, making
the representation and warranty set forth in this Section 6.03 on a date that is not during the CSAG
period, no consent, authorization, approval or other action by, and no notice to or filing with, any Governmental Authority
or regulatory body or other Person is required for the due execution, delivery or performance by any Loan Party of this
Agreement or any other Loan Document, the borrowing of the Loans, the use of the proceeds thereof, and the issuance of
Letters of Credit hereunder, except, in each case: (i) such as have been obtained or made and are in full force and effect;
and (ii) those, the failure of which to obtain or make, would not reasonably be expected to have a Material Adverse Effect.
No Loan Party or Subsidiary is an “investment company” within the meaning of the Investment Company Act of 1940,
as amended.


 






     


     


    

 


6.04          
Validity, Etc.


 


(a)               
This Agreement has been duly executed and delivered by each Loan Party, and constitutes, and each other Loan Document to
which any Loan Party is to be a party (including, without limitation, the First Amendment) will, on the due execution and delivery
thereof, and, assuming the due execution and delivery of this Agreement by each of the other parties hereto, constitute, the legal,
valid and binding obligation of such Loan Party enforceable in accordance with its respective terms, subject to the effect of bankruptcy,
insolvency, reorganization, moratorium or similar Laws affecting the enforceability of creditors’ rights generally and to
general principles of equity.


 


(b)               
Solely with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and
severally, making the representation and warranty set forth in this Section 6.04 on a date that is during the CSAG
period, with respect to each Person that is required to have joined this Agreement as a Guarantor pursuant to Section 7.12
as of the date of such making of this representation and warranty, a Guarantor Joinder Agreement has been duly executed and delivered
by such Person, and constitutes, and each other Loan Document to which any such Person is required to be a party will, on the due
execution and delivery thereof, and, assuming the due execution and delivery of this Agreement by each of the parties hereto, constitute,
the legal, valid and binding obligation of such Person enforceable in accordance with its respective terms, subject to the effect
of bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting the enforceability of creditors’ rights generally
and to general principles of equity.


 


6.05          
Financial Information.


 


(a)               
The Audited Financial Statements have been prepared in accordance with GAAP consistently applied, and present fairly, in
all material respects, the financial condition of the Parent Guarantor and its Subsidiaries, and the results of their operations
and their cash flows, as of the dates and for the period presented, and the Audited Financial Statements have been audited by independent
registered public accountants of nationally recognized standing and are accompanied by an opinion of such accountants (without
any Impermissible Qualification).


 


(b)               
Except as disclosed in the financial statements referred to above or the notes thereto, no Loan Party or any Subsidiary
thereof has any Indebtedness, contingent liabilities, long-term commitments or unrealized losses that have had, or reasonably
would be expected to have, individually or in the aggregate, a Material Adverse Effect.


 


6.06          
No Material Adverse Effect.


 


(a)               
Solely with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and
severally, making the representation and warranty set forth in this Section 6.06 on a date that is prior to the First
Amendment Effectiveness Date, since December 31, 2017, no event or circumstance has occurred that has had, or would reasonably
be expected to have, a Material Adverse Effect.


 






     


     


    

 


(b)               
Solely with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and
severally, making the representation and warranty set forth in this Section 6.06 on a date that is on or after
the First Amendment Effectiveness Date but prior to the MAE Reversion Date, since December 31, 2018, no event or circumstance
has occurred that has had, or would reasonably be expected to have, a Material Adverse Effect; provided, that, (i)
no events or circumstances relating to the Boeing 737 MAX Program shall be deemed to constitute a Material Adverse Effect for purposes
of this clause (b) with respect to each such making of the representation and warranty set forth in this Section 6.06
during such period.,
and (ii) the impacts of the COVID-19 pandemic on the business, operations and/or financial condition of any of the Loan Parties
and/or Subsidiaries occurring prior to December 31, 2020 that have been either (A) disclosed to the Administrative Agent and the
Lenders prior to the Fourth Amendment Effectiveness Date, and/or (B) disclosed in publicly available filings made with the SEC
prior to the Fourth Amendment Effectiveness Date, in each case of the foregoing clauses (ii)(A) and (ii)(B), will be disregarded.


 


(c)               
Solely with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and
severally, making the representation and warranty set forth in this Section 6.06 on a date that is on or after
the MAE Reversion Date, since the MAE Reversion Date, no event or circumstance has occurred that has had, or would reasonably be
expected to have, a Material Adverse Effect.;
provided, that, the impacts of the COVID-19 pandemic on the business, operations and/or financial condition of any of the Loan
Parties and/or Subsidiaries occurring prior to December 31, 2020 that have been either (i) disclosed to the Administrative Agent
and the Lenders prior to the Fourth Amendment Effectiveness Date, and/or (ii) disclosed in publicly available filings made with
the SEC prior to the Fourth Amendment Effectiveness Date, in each case of the foregoing clauses (i) and (ii), will be disregarded.


 


6.07          
Litigation.


 


There is no pending,
or, to the knowledge of the Loan Parties, threatened, litigation, action or proceeding against any Loan Party or Subsidiary that
would reasonably be expected to have a Material Adverse Effect, or which purports to affect the legality, validity or enforceability
of this Agreement or any other Loan Document or the transactions contemplated hereby or thereby.


 


6.08          
Compliance with Laws and Agreements.


 


None of the Loan Parties
has violated, is in violation of, or has been given written notice of any violation of any Laws (other than Environmental Laws,
which are the subject of Section 6.13), regulations or orders of any Governmental Authority applicable to it or its
property, or any indenture, agreement or other instrument binding upon it or its property, except for any violations which would
not reasonably be expected to have a Material Adverse Effect. No breach, default, violation, cancellation, termination or other
event that would reasonably be expected to have a Material Adverse Effect has occurred under any Boeing Agreement.


 


6.09          
Loan Parties; Subsidiaries, Etc.; Deposit and Investment Accounts.


 


(a)                Solely
with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and severally, making
the representation and warranty set forth in this Section 6.09 on a date that is during the CSAG Period, Schedule 6.09–CSAG
sets forth, as of the First Amendment Effectiveness Date: (i) the jurisdiction of organization, chief executive office, exact
legal name, U.S. tax payer identification number, and organizational identification number of each Loan Party; and (ii) with
respect to each Domestic Subsidiary directly owned by a Loan Party and each First-Tier Foreign Subsidiary, the classes of its
Equity Interests, the percentage of Equity Interests of each such class owned directly by a Loan Party, and the Loan Party
that owns such Equity Interests. Except as set forth on Schedule 6.09–CSAG, none of the Loan Parties has,
as of the First Amendment Effectiveness Date, any directly owned Domestic Subsidiaries or First-Tier Foreign Subsidiaries
(other than Immaterial Foreign Subsidiaries). All of the outstanding Equity Interests of each such Subsidiary indicated on Schedule 6.09–CSAG
as owned directly by a Loan Party are owned, beneficially and of record, by such Loan Party, free and clear of all adverse
claims, other than Liens granted in favor of the Collateral Agent.


 






     


     


    

 


(b)               
Solely with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and
severally, making the representation and warranty set forth in this Section 6.09 on a date that is during the CSAG
Period, Schedule 6.09–CSAG sets forth, as of the First Amendment Effectiveness Date, a true and complete list of each
deposit and investment account of each Loan Party.


 


(c)               
Solely with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and
severally, making the representation and warranty set forth in this Section 6.09 on a date that is not during
the CSAG Period, Schedule 6.09 (as in effect on the Effectiveness Date) sets forth, as of the Effectiveness Date, the name,
taxpayer identification number, and organizational identification number (if any) of each of the Parent Guarantor and the Borrower.


 


6.10          
Ownership of Properties.


 


(a)               
Each Loan Party and each Subsidiary has good and marketable title in fee simple to (or other similar title in jurisdictions
outside the United States of America), or valid leasehold interests in, or easements or other limited property interests in, or
otherwise has the right to use, all Mortgaged Properties, except for defects in the foregoing that do not materially interfere
with its ability to conduct its business as currently conducted, or to utilize such properties and assets for their intended purposes,
and except where the failure to do so, in the aggregate, would not reasonably be expected to have a Material Adverse Effect. All
such properties and assets are free and clear of Liens, other than Permitted Liens.


 


(b)               
Each Loan Party and each Subsidiary owns, possesses, is licensed or otherwise has the right to use, or could obtain ownership,
possession of, or the right to use, all patents, trademarks, service marks, trade names, and copyrights necessary for the present
conduct of its business, in each case, except as would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect.


 


(c)               
Solely with respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and
severally, making the representation and warranty set forth in this Section 6.10 on a date that is during the CSAG
Period:


 


(i)                       
Schedule 6.10–CSAG–RP sets forth, as of the First Amendment Effectiveness Date, a true and complete list
of: (A) each Real Property (other than Excluded Property) with a fair market value (as reasonably determined by the Borrower) in
excess of Ten Million Dollars ($10,000,000) (I) owned in fee by any Loan Party, together with an indication that such Real
Property is owed in fee by such Loan Party, and (II) leased, subleased, or otherwise occupied or utilized by any Loan Party, as
lessee or otherwise, together with an indication that such Real Property is leased, subleased, or otherwise occupied or utilized
by such Loan Party; together with (B) each leased Real Property with a fair market value (as reasonably determined by the Borrower)
not in excess of Ten Million Dollars ($10,000,000) with respect to which the Borrower has otherwise agreed to use
commercially reasonable efforts to deliver a Mortgage;


 






     


     


    

 


(ii)                       
each Loan Party and each Subsidiary has complied with all obligations under all leases and other Real Property Agreements
to which it is a party, except where the failure to comply would not reasonably be expected to have a Material Adverse Effect,
and all such leases and other Real Property Agreements are in full force and effect, except in respect of which the failure to
be in full force and effect would not reasonably be expected to have a Material Adverse Effect;


 


(iii)                       
each Loan Party and each Subsidiary enjoys peaceful and undisturbed possession under all such leases, other than leases
in respect of which the failure to enjoy peaceful and undisturbed possession would not reasonably be expected to, individually
or in the aggregate, have a Material Adverse Effect; and


 


(iv)                       
Schedule 6.10–CSAG–IP sets forth, as of the First Amendment Effectiveness Date, a list of all intellectual
property registered or pending registration with the United States Copyright Office or the United States Patent and Trademark Office
and owned at such applicable time by a Loan Party that is true and correct in all material respects.


 


6.11          
Taxes.


 


Except as would not
reasonably be expected to have a Material Adverse Effect, each Loan Party and each Subsidiary has timely filed all federal, foreign,
and other Tax returns and reports required by applicable Law to have been filed by it, and has timely paid all Taxes and governmental
charges due (whether or not shown on any Tax return), except any such Taxes or charges which are being diligently contested in
good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP shall have been set aside on its
books.


 


6.12          
Pension and Welfare Plans.


 


(a)               
Each Plan is in compliance, in all material respects, with the applicable provisions of ERISA, the Code, and other federal
or state Laws. Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable
determination letter or is subject to a favorable opinion letter from the IRS, to the effect that the form of such Plan is qualified
under Section 401(a) of the Code and the trust related thereto has been determined by the IRS to be exempt from federal income
tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by the IRS. To the best
knowledge of the Loan Parties, nothing has occurred that would prevent, or cause the loss of, such tax-qualified status.


 


(b)               
There are no pending, or, to the best knowledge of the Loan Parties, threatened, claims, actions or lawsuits, or action
by any Governmental Authority, with respect to any Plan that would reasonably be expected to have a Material Adverse Effect. There
has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted,
or would reasonably be expected to result, in a Material Adverse Effect.


 


(c)                Except
as would not result, or be reasonably be expected to result, in a Material Adverse Effect, (i) no ERISA Event has
occurred, and no Loan Party nor any ERISA Affiliate is aware of any fact, event or circumstance that would reasonably be
expected to constitute, or result in, an ERISA Event with respect to any Pension Plan or Multiemployer Plan; (ii) as of
the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section
430(d)(2) of the Code) is sixty percent (60.0%) or higher, and no Loan Party nor any ERISA Affiliate knows of any facts or
circumstances that would reasonably be expected to cause the funding target attainment percentage for any such plan to drop
below sixty percent (60.0%) as of the most recent valuation date; (iii) no Loan Party nor any ERISA Affiliate has
incurred any liability to the PBGC, other than for the payment of premiums, and there are no premium payments which have
become due that are unpaid; (iv) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be
subject to Section 4069 or Section 4212(c) of ERISA; and (v) no Pension Plan has been terminated by the plan
administrator thereof nor by the PBGC, and no event or circumstance has occurred or exists that would reasonably be expected
to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan.


 






     


     


    

 


(d)               
Neither the Borrower nor any ERISA Affiliate maintains or contributes to, or has any material unsatisfied obligation to
contribute to, or material liability under, any active or terminated Pension Plan, other than Pension Plans not otherwise prohibited
by this Agreement.


 


(e)               
The Borrower represents and warrants, as of the First Amendment Effectiveness Date, that the Borrower is not and will not
be using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one (1) or more Benefit Plans
with respect to the Borrower’s entrance into, participation in, administration of, and performance of the Loans, the Letters
of Credit, the Commitments, or this Agreement.


 


6.13          
Environmental Warranties.


 


Each Loan Party and
each of its respective Subsidiaries conduct, in the ordinary course of business, a review of the effect of existing Environmental
Laws and known Environmental Liabilities on their respective businesses, operations and properties, and, as a result thereof, each
Loan Party has reasonably concluded that such Environmental Laws and known Environmental Liabilities would not, individually or
in the aggregate, reasonably be expected to have a Material Adverse Effect.


 


6.14          
Regulations T, U and X.


 


The Loans and other
Credit Extensions, the use of the proceeds thereof, this Agreement, and the transactions contemplated hereby will not result in
a violation of Regulation T, Regulation U or Regulation X.


 


6.15          
Disclosure and Accuracy of Information.


 


Neither this Agreement
nor any other document, certificate or written statement (other than Projections, estimates, forecasts and information of a general
economic or industry specific nature), in each case, concerning any Loan Party, furnished to the Administrative Agent or any Lender
by, or on behalf of, any Loan Party in connection herewith, contains any untrue statement of a material fact, or omits to state
any material fact necessary in order to make the statements contained herein and therein not materially misleading, in light of
the circumstances under which they were made. Any document, certificate or written statement containing financial projections and
other forward looking information concerning the Parent Guarantor and its Subsidiaries provided to the Arrangers or the Lenders
by any of the Loan Parties or any of their representatives (or on their behalf) (the “Projections”) have
been be prepared in good faith utilizing assumptions believed by the Borrower to be reasonable and due care in the preparation
of such document, certificate or written statement, it being understood that forecast and projections are subject to uncertainties
and contingencies and no assurance can be given that any forecast or projection will be realized.


 






     


     


    

 


6.16          
Labor Matters.


 


Except as would not
reasonably be expected to have a Material Adverse Effect: (a) there are no strikes, lockouts or slowdowns against the Loan Parties
pending or, to the knowledge of any Loan Party, threatened; (b) the hours worked by, and payments made to, employees of the Loan
Parties have not been in violation of the Fair Labor Standards Act or any other applicable federal, state, local or foreign Law
dealing with such matters; and (c) all payments due from the Loan Parties, or for which any claim may be made against the Loan
Parties, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability
on the books of the Loan Parties.


 


6.17          
Solvency.


 


Immediately following
the making of each Loan and after giving effect to the application of the proceeds of such Loans: (a) the fair value of the Property
of the Parent Guarantor and its Subsidiaries, on a consolidated basis, at a fair valuation, will exceed their debts and liabilities,
subordinated, contingent or otherwise; (b) the present fair saleable value of the Property of the Parent Guarantor and its Subsidiaries,
on a consolidated basis, will be greater than the amount that will be required to pay the probable liability of their debts
and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured;
(c) the Parent Guarantor and its Subsidiaries, on a consolidated basis, will be able to pay their debts and liabilities, subordinated,
contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) the Parent Guarantor and its Subsidiaries,
on a consolidated basis, will not have unreasonably small capital with which to conduct the business in which they are engaged
as such business is now conducted and is proposed to be conducted. For purposes of this Section 6.17, the amount of any
contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured
liability.


 


6.18          
Securities.


 


The common Equity Interests
of each Subsidiary are fully paid and non-assessable, in each case, to the extent applicable. The Equity Interests of each
Subsidiary held, directly or indirectly, by each Loan Party are owned, directly or indirectly, by such Loan Party, free and clear
of all Liens except Permitted Liens. There are not, as of the Effectiveness Date, and, solely with respect to each instance
during the term of this Agreement for which the Loan Parties are, jointly and severally, making the representation and warranty
set forth in this Section 6.18 on a date that is during the CSAG Period, on the First Amendment Effectiveness Date,
any existing options, warrants, calls, subscriptions, convertible or exchangeable securities, rights, agreements, commitments or
arrangements for any Person to acquire any common stock of any Subsidiary, or any other securities convertible into, exchangeable
for, or evidencing the right to subscribe for, any such common stock, except: (i) as disclosed in the financial statements delivered
pursuant to Section 7.01(a), Section 7.01(b) and Section 7.01(c); (ii) in connection with the Asco Acquisition,
or the post-closing integration, of Asco; or (iii) otherwise disclosed to the Lenders prior to the Effectiveness Date or the First
Amendment Effectiveness Date, as applicable.


 


6.19          
Sanctions; Anti-Corruption Laws.


 


(a)               
Neither any Loan Party nor any Subsidiary, nor, to the knowledge of any Loan Party, any director, officer or employee thereof,
is an individual or entity that is: (i) currently the subject or target of any Sanctions; (ii) included on OFAC’s List of
Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any
similar list enforced by the United States federal government (including, without limitation, OFAC), the European Union or Her
Majesty’s Treasury; or (iii) located, organized or resident in a Designated Jurisdiction.


 






     


     


    

 


(b)               
(i) Neither any Loan Party nor any Subsidiary is in violation of the United States Foreign Corrupt Practices Act of 1977,
the UK Bribery Act 2010, or other similar anti-corruption legislation in other jurisdictions applicable to such Loan Party or Subsidiary
from time to time, the effect of which is, or would reasonably be expected to be, material to the Loan Parties and Subsidiaries
taken as a whole; and (ii) the Parent Guarantor has instituted and maintained policies and procedures reasonably designed to promote
and achieve compliance with such Laws.


 


6.20          
Creation, Perfection and Priority of Liens.


 


Solely with
respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and severally, making the representation
and warranty set forth in this Section 6.20 on a date that is during the CSAG Period, each of the Mortgages is (if
recorded), or, upon recording in the proper jurisdiction with the proper authority, will be, effective to create in favor of the
Collateral Agent, for the benefit of the Secured Parties, a legal, valid, binding and enforceable Lien on, and security interest
in, the respective Loan Party’s right, title and interest in and to the Real Property subject thereto and proceeds thereof,
and, each such Mortgage shall, upon proper recording and payment of applicable fees and taxes, constitute a fully perfected Lien
on, and security interest in, all right, title and interest of the grantors thereof in such Real Property and proceeds thereof,
as security for the Obligations, in each case prior and superior in right to any other Person (except with respect to Permitted
Liens).


 


6.21          
Insurance.


 


Solely with
respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and severally, making the representation
and warranty set forth in this Section 6.21 on a date that is during the CSAG Period the properties of the Loan Parties
and Subsidiaries that are material to the business of the Loan Parties and Subsidiaries (taken as a whole) are insured with financially
sound and reputable insurance companies, in such amounts, with such deductibles, and covering such risks, as are customarily carried
by companies engaged in similar businesses operating in the same or similar locations.


 


6.22          
Boeing Agreements.


 


Solely with
respect to each instance during the term of this Agreement for which the Loan Parties are, jointly and severally, making the representation
and warranty set forth in this Section 6.22 on a date that is during the CSAG Period, the Borrower has provided to
the Administrative Agent true and complete copies of each Boeing Agreement in effect as of the First Amendment Effectiveness Date.


 


6.23          
Affected Financial Institution.


 


No Loan Party is an
Affected Financial Institution.


 


6.24          
Beneficial Ownership Certification.


 


As of the
Effectiveness Date, and, solely with respect to each instance during the term of this Agreement for which the Loan
Parties are, jointly and severally, making the representation and warranty set forth in this Section 6.24 on a date
that is during the CSAG Period, as of the First Amendment Effectiveness Date, to the knowledge of the Loan Parties,
the information included in the Beneficial Ownership Certification is true and complete in all respects.


 



     


     


    








 


ARTICLE
VII



AFFIRMATIVE COVENANTS


 


Each Loan Party hereby
covenants and agrees with the Lenders that, on or after the Effectiveness Date and until the Commitments have expired or terminated
and the principal of, and interest on, each Loan, and all fees and other amounts payable hereunder or under any other Loan Document,
have been paid in full (other than contingent indemnification obligations that are not then due and payable), and all Letters of
Credit have expired, terminated or been collateralized, and all drawings under all Letters of Credit shall have been reimbursed:


 


7.01          
Financial Information, Reports, Notices, Etc.


 


The Borrower will furnish,
or will cause to be furnished, to the Administrative Agent (for further distribution to each Lender) copies of the following financial
statements, reports, notices and information:


 


(a)               
as soon as available, and, in any event, within forty-five (45) days after the end of each of the first (1st)
three (3) Fiscal Quarters of each Fiscal Year of the Parent Guarantor, a consolidated balance sheet of the Parent Guarantor and
its Subsidiaries as of the end of such Fiscal Quarter and consolidated statements of earnings of the Parent Guarantor and its Subsidiaries
for such Fiscal Quarter, and for the same period in the prior Fiscal Year, and consolidated statements of earnings and cash flow
for the period commencing at the end of the previous Fiscal Year and ending with the end of such Fiscal Quarter, certified by a
Financial Officer of the Parent Guarantor as fairly presenting, in all material respects, the financial position, results of operations,
and cash flows of the Parent Guarantor and its Subsidiaries in accordance with GAAP consistently applied, subject to year-end audit
adjustments and the absence of footnotes, and a management’s discussion and analysis of the financial condition, and results
of operations, for such Fiscal Quarter and the then elapsed portion of the Fiscal Year, as compared to the comparable periods in
the previous Fiscal Year (it being understood that such information may be furnished in the form of a Form 10–Q);


 


(b)               
as soon as available, and, in any event, within ninety (90) days after the end of each Fiscal Year of the Parent Guarantor,
a copy of the annual audit report for such Fiscal Year for the Parent Guarantor and its Subsidiaries, including therein a consolidated
balance sheet of the Parent Guarantor and its Subsidiaries as of the end of such Fiscal Year and consolidated statements of earnings
and cash flow of the Parent Guarantor and its Subsidiaries for such Fiscal Year, in each case, certified (without any Impermissible
Qualification) by Ernst & Young LLP, or another nationally recognized independent public accounting firm, and management’s
discussion and analysis of the financial condition, and results of operations, of the Parent Guarantor and its Subsidiaries for
such Fiscal Year, as compared to amounts for the previous Fiscal Year (it being understood that such information may be furnished
in the form of a Form 10–K) (provided, that, such comparison need not be covered by the certification
of the independent public accounting firm referred to above);


 






    


     


    

 


(c)               
solely at all times during the FCR Period, as soon as available, and, in any event, within fifteen (15) Business
Days after the end of each Fiscal Month ending during the FCR Period, unaudited consolidated management accounts of the Parent
Guarantor and its Subsidiaries as of the end of such Fiscal Month, which shall be based on the form of those certain monthly management
accounts provided to the Administrative Agent prior to the First Amendment Effectiveness Date, it being understood that such management
accounts shall be subject to year-end audit adjustments, quarter-end adjustments (including with respect to the adoption of, or
changes in, accounting policies) and the absence of footnotes;


 


(d)               
 


 


(i)                       
solely at all times during the FCR Periodcommencing
with the first (1st)Fiscal
Month ending after the First Amendment Effectiveness Date,
within seven (7) Business Days after the end of each Fiscal Month ending
during the FCR Periodthrough
the twelfth (12th) Fiscal Month of 2021,
a Compliance Certificate certifying, and demonstrating by reasonably detailed calculations attached thereto, compliance with Section
8.08(a) (it being understood and agreed that such calculations shall be based on the Borrower’s treasury system, which
is reasonably believed by the Borrower in good faith to be accurate in all material respects);


 


(ii)                       
concurrently with the delivery of the financial statements referred to in clauses (a) and (b) above, a Compliance
Certificate certifying, and demonstrating by reasonably detailed calculations attached thereto, compliance with each of the financial
ratios and restrictions contained in the applicable Financial Covenants in effect at such time, and certifying, to the extent that,
in making the examination necessary for the signing of such certificate, the Financial Officer executing such Compliance Certificate
has not become aware of any Default or Event of Default that has occurred and is continuing, or, if such Financial Officers
have become aware of such Default or Event of Default, describing such Default or Event of Default and the steps, if any, being
taken to cure it;


 


(e)               
promptly upon any written request by the Administrative Agent or any Lender, copies of all material written reports submitted
to the Board of Directors (or the audit committee of the Board of Directors) of the Parent Guarantor by independent certified public
accountants in connection with each annual, interim or special audit of the books of any Loan Party or Subsidiary made by such
accountants;


 


(f)                
promptly after becoming aware of the occurrence of any Default or Event of Default, a statement of a Financial Officer of
the Parent Guarantor setting forth details of such Default or Event of Default and the action which the Borrower has taken, and
proposes to take, with respect thereto;


 


(g)               
promptly after (i) the occurrence of any adverse development with respect to any litigation, action or proceeding against
a Loan Party or Subsidiary that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect,
or (ii) the commencement of any litigation, action or proceeding against a Loan Party or Subsidiary that would reasonably be expected
to have a Material Adverse Effect, or that purports to affect the legality, validity or enforceability of this Agreement or any
other Loan Document, or the transactions contemplated hereby or thereby, notice thereof;


 






    


     


    

 


(h)                promptly
upon the occurrence of an ERISA Event which could result in a Lien on the Property of any Loan Party or Subsidiary, or in the
incurrence by a Loan Party of any liability, fine or penalty, in each case, which would reasonably be expected to have a
Material Adverse Effect, notice thereof;


 


(i)                
promptly after becoming aware of the occurrence thereof, notice of any other development that would reasonably be expected
to have a Material Adverse Effect;


 


(j)                
promptly after becoming aware thereof, notice of the termination or permanent cessation of the Boeing 737 MAX Program; and


 


(k)               
promptly, from time to time, such other information respecting the condition or operations, financial or otherwise, of the
Loan Parties and Subsidiaries as any Lender through the Administrative Agent may from time to time reasonably request.


 


Documents required
to be delivered pursuant to this Section 7.01 may be delivered electronically and shall be deemed to have been so delivered
on the date (i) on which the Borrower posts such documents, or provides a link thereto, on the Borrower’s website on the
Internet at the website address listed on Schedule 11.02, or on an Internet or intranet website, if any, to which each Lender
and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative
Agent), or (ii) on which they are first available on the SEC’s website on the Internet at https://www.sec.govhttps://www.sec.gov;
provided, that, the Borrower shall deliver a paper copy of such documents to the Administrative Agent or any Lender
upon its written request to the Borrower to deliver such paper copy. The Administrative Agent shall have no obligation to
request the delivery of, or to maintain paper copies of the documents referred to above, and, in any event, shall have no responsibility
to monitor compliance by the Borrower with any such request for delivery by a Lender, and each Lender shall be solely responsible
for requesting delivery to it or maintaining its copies of such documents.


 


The Borrower hereby
acknowledges that: (a) the Administrative Agent and/or any of the Arrangers may, but shall not be obligated to, make available
to the Lenders and the L/C Issuers materials and/or information provided by, or on behalf of, the Borrower hereunder (collectively,
the “Borrower Materials”) by posting the Borrower Materials on Debt Domain, IntraLinks, Syndtrak or another
similar electronic system (the “Platform”); and (b) certain of the Lenders (each, a “Public
Lender”) may have personnel who do not wish to receive material non-public information with respect to the Borrower
or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related
activities with respect to such Person’s securities. The Borrower hereby agrees that: (A) all Borrower Materials that are
to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC”, which, at a minimum, shall
mean that the word “PUBLIC” shall appear prominently on the first (1st) page thereof; (B) by marking Borrower
Materials “PUBLIC”, the Borrower shall be deemed to have authorized the Administrative Agent, each of the Arrangers,
and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Borrower
or its securities for purposes of United States federal and state securities Laws (provided, that, to the extent
such Borrower Materials constitute Information, they shall be treated as set forth in Section 11.07); (C) all Borrower Materials
marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Side
Information”; and (D) the Administrative Agent and the Arrangers shall be required to treat any Borrower Materials that are
not marked “PUBLIC” as being suitable only for posting on a portion of the Platform that is not designated as “Public
Side Information”.


 






    


     


    

 


7.02          
Compliance with Laws, Etc.


 


Each Loan Party will,
and will cause each of its Subsidiaries to, comply, in all respects, with all applicable laws, rules, regulations and orders, except
where such noncompliance, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse
Effect.


 


7.03          
Maintenance of Properties.


 


Each Loan Party will,
and will cause each of its Subsidiaries to, maintain, preserve, protect and keep its material Properties in good repair, working
order and condition, and make necessary and proper repairs, renewals and replacements so that its business carried on in connection
therewith may be properly conducted at all times, except where the failure to do so would not reasonably be expected to, individually
or in the aggregate, have a Material Adverse Effect.


 


7.04          
Insurance.


 


Each Loan Party will,
and will cause each of its Subsidiaries to:


 


(a)               
maintain, or cause to be maintained, with financially sound and responsible insurance companies, insurance with respect
to any of its respective properties that are material to the business of the Loan Parties and Subsidiaries (taken as a whole),
including, solely at all times during the CSAG Period, with respect to any Mortgaged Property, against such casualties
and contingencies, and of such types and in such amounts with such deductibles, as is customary in the case of similar businesses
operating in the same or similar locations (including, without limitation, to the extent customary in the case of similar businesses
operating in the same or similar locations: (i) physical hazard insurance on an “all risk” basis; (ii) commercial general
liability against claims for bodily injury, death or property damage; (iii) business interruption insurance; and (iv) worker’s
compensation insurance as may be required by any applicable Laws); and


 


(b)               
solely at all times during the CSAG Period, without limiting the foregoing: (i) maintain, if available, fully
paid flood hazard insurance provided under the National Flood Insurance Program (or with private insurance endorsed to cause such
private insurance to be fully compliant with the federal Law as regards private placement insurance applicable to the National
Flood Insurance Program, with financially sound and reputable insurance companies not Affiliates of any Loan Party) on each Flood
Hazard Property that is subject to a Mortgage, (in such amounts and with such deductibles as are customarily maintained by companies
engaged in similar businesses operating in the same or similar locations); (ii) furnish to the Collateral Agent evidence of the
renewal (and payment of renewal premiums therefor) of all such policies prior to the expiration or lapse thereof; and (iii) furnish
to the Collateral Agent prompt written notice of any redesignation of any such improved Real Property into, or out of, a special
flood hazard area.


 


7.05          
Books and Records; Visitation Rights.


 


Each Loan Party
will, and will cause each of its Subsidiaries to, keep books and records which accurately reflect, in all material respects,
its business affairs and material transactions, and permit the Administrative Agent or its representatives (who may be
accompanied by the representatives of any Lender), upon reasonable prior notice and at reasonable times and intervals, to (i)
visit all of its offices, to the extent permitted by applicable Laws and subject to applicable confidentiality requirements,
(ii) discuss its financial matters with its executive financial officers and independent public accountant, and (iii) upon
the reasonable request of the Administrative Agent or a Lender, examine (and, at the expense of the Borrower, photocopy
extracts from) any of its books or other corporate or partnership records; provided, that, (a) as long as no
Default or Event of Default has occurred and is continuing, the Loan Parties shall bear the expense of not more than
one (1) such visit per Fiscal Year for the Administrative Agent and its representatives (which may be accompanied by the
representatives of any Lender), (b) any such visits by Lenders shall be coordinated through the Administrative Agent, which
shall in turn coordinate any such visits through Responsible Officers of the Borrower, and (c) nothing in this Section
7.05 shall require any Loan Party to disclose, permit the inspection, examination or making of copies of, or taking
abstracts from, or discuss, any document, information or other matter (I) that constitutes non-financial trade secrets or
non-financial proprietary information of the Loan Parties and Subsidiaries and/or any of its customers and/or suppliers, (II)
in respect of which disclosure to the Administrative Agent or any Lender (or any of their respective representatives or
contractors) is prohibited by applicable Laws, (III) that is subject to attorney-client or similar privilege, or constitutes
attorney work product, or (IV) in respect of which any Loan Party or Subsidiary owes confidentiality obligations to any
third-party (provided, that, such confidentiality obligations were not entered into in contemplation of the
requirements of this Section 7.05).


 






    


     


    

 


7.06          
Environmental Covenant.


 


Each Loan Party will,
and will cause each of its Subsidiaries to:


 


(a)               
use and operate all of its facilities and properties in compliance with all Environmental Laws, except for such noncompliance
which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect, keep all Environmental
Permits in effect and remain in compliance therewith, and handle all Hazardous Materials in compliance with all applicable Environmental
Laws, except for any failure to keep Environmental Permits in effect or noncompliance that would not reasonably be expected to
have a Material Adverse Effect;


 


(b)               
promptly notify the Administrative Agent and provide copies of all written inquiries, claims, complaints or notices from
any Person relating to the environmental condition of its facilities and properties or compliance with, or liability under, any
Environmental Law which would reasonably be expected to have a Material Adverse Effect, and use its commercially reasonable efforts
to promptly commence to cure and have dismissed with prejudice or contest in good faith any actions and proceedings relating thereto;


 


(c)               
solely at all times during the CSAG Period, in the event of the presence of any Hazardous Material on any
Mortgaged Property which is in violation of any Environmental Law, or which would reasonably be expected to result in an Environmental
Liability, which violation or Environmental Liability would reasonably be expected to have a Material Adverse Effect, each applicable
Loan Party and its Subsidiaries, upon discovery thereof, use commercially reasonable efforts to initiate and expeditiously complete
all reasonable response, corrective and other action to mitigate and eliminate any such adverse effect in accordance with, and
to the extent required by, applicable Environmental Laws, and shall keep the Collateral Agent reasonably informed of their actions;
and


 


(d)               
promptly, from time to time, provide such information and certifications which the Administrative Agent may reasonably request
from time to time to evidence compliance with this Section 7.06.


 


7.07          
Existence; Conduct of Business.


 


Each Loan Party
will, and will cause each of its Subsidiaries to, do, or cause to be done, all things necessary to preserve, renew and keep
in full force and effect (a) its legal existence, and (b) the rights, licenses, permits, privileges, franchises, patents,
copyrights, trademarks and trade names material to the conduct of its business, except (other than in respect of the legal
existence of the Borrower) where the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided, that,
nothing in this Section 7.07 shall prohibit any merger or consolidation, liquidation, dissolution or sale or
other disposition permitted under Section 8.03 or Section 8.05.


 






    


     


    

 


7.08          
Use of Proceeds.


 


The Borrower covenants
and agrees that: (a) the proceeds of Loans will be used to refinance certain existing Indebtedness and for working capital, capital
expenditures, Permitted Acquisitions, permitted share repurchases, and other lawful general corporate purposes; and (b) the proceeds
of any Add-On Term Loans will be used for lawful general corporate purposes.


 


7.09          
Payment of Taxes.


 


Each Loan Party will,
and will cause each of its Subsidiaries to, pay and discharge all federal and other Taxes, assessments and governmental charges
or levies imposed upon it or upon its income or profits, or upon any properties belonging to it, prior to the date on which penalties
attach thereto, and all lawful claims which, if unpaid, might become a Lien or charge upon any properties of any Loan Party or
Subsidiary, or cause a failure or forfeiture of title thereto; provided, that, neither any Loan Party nor any Subsidiary
shall be required to pay or discharge any such Tax, assessment, charge, levy or claim (a) that is being contested in good faith
and by proper proceedings, which proceedings have the effect of preventing the forfeiture or sale of the Property that may become
subject to such Lien, if it has maintained adequate reserves with respect thereto in accordance with and to the extent required
under GAAP, or (b) if failure to pay or discharge the same would not reasonably be expected, individually or in the aggregate,
to result in a Material Adverse Effect.


 


7.10          
KYC Information


 


Promptly following
any request therefor, information and documentation reasonably requested by the Administrative Agent or any Lender for purposes
of compliance with applicable “know your customer” requirements under the Act, the Beneficial Ownership Regulation
or other applicable Anti-Money Laundering Laws.


 


7.11          
[Reserved].


 


7.12          
Additional Guarantors.


 


Solely at
all times during the CSAG Period, the Loan Parties shall, within thirty (30) days (or such later date as the
Administrative Agent may agree in its sole discretion) after any Person becomes a Domestic Subsidiary (other than an Excluded
Subsidiary), cause such Person to: (a) become a Guarantor by executing and delivering to the Administrative Agent a Guarantor
Joinder Agreement; and (b) deliver to the Administrative Agent such Organizational Documents, resolutions and customary
opinions of counsel relating to such Guarantor substantially consistent with those delivered with respect to the Guarantors
on the First Amendment Effectiveness Date or otherwise reasonably satisfactory to the Administrative Agent. Notwithstanding
anything to the contrary contained herein or in any other Loan Document: (i) if, at any time, any Subsidiary (other than an
Excluded Subsidiary described in clauses (b) or (e) of the definition thereof) provides a guaranty with respect
to any Material Indebtedness of any Loan Party or any Domestic Subsidiary (other than any FSHCO) (including, without
limitation, any Material Indebtedness incurred pursuant to Section 8.02(b)(vi), the 2021 / 2023 / 2028 Notes and the
2026 Notes), within thirty (30) days (or such later date as the Administrative Agent may agree to in its sole discretion) of
the provision of such guaranty, cause such Person to (A) become a Guarantor by executing and delivering to the Administrative
Agent a Guarantor Joinder Agreement, and (B) deliver to the Administrative Agent such applicable documents of the type
referred to in clause (b) above; and (ii) notwithstanding anything to the contrary herein or in any other Loan
Document, any Subsidiary that is or becomes a Guarantor shall remain a Guarantor at all times during the CSAG Period,
unless released in accordance with the terms of this Agreement in the circumstances described in Section
10.10(a)(ii).


 






    


     


    

 


7.13          
Pledged Assets; Additional Collateral.


 


(a)               
Equity Interests.


 


(i)                       
solely at all times during the CSAG Period, the Loan Parties shall cause (A) one hundred percent (100.0%)
of the issued and outstanding Equity Interests of each Wholly Owned Subsidiary that is a Domestic Subsidiary (other than an Immaterial
Subsidiary, FSHCO or Subsidiary of a Foreign Subsidiary), and (B) sixty-five percent (65.0%) (or such lesser percentage as is owned
by a Loan Party) of the issued and outstanding Equity Interests entitled to vote (within the meaning of Treasury Regulations Section
1.956–2(c)(2)), and one-hundred percent (100.0%) (or such lesser percentage as is owned by a Loan Party) of the issued and
outstanding Equity Interests not entitled to vote (within the meaning of Treasury Regulations Section 1.956–2(c)(2)),
in each Wholly Owned Subsidiary that is a First-Tier Foreign Subsidiary (other than an Immaterial Foreign Subsidiary), but, in
each case of the foregoing clauses (a)(i)(A) and (a)(i)(B), excluding any Equity Interests that constitute Excluded
Property, in each case of the foregoing clauses (a)(i)(A) and (a)(i)(B), to be subject, at all times, to a first
priority (subject to Permitted Liens), perfected Lien in favor of the Collateral Agent pursuant to the terms and conditions of
the Collateral Documents, and, in connection with the foregoing, deliver to the Collateral Agent any filings and deliveries to
perfect such Liens and customary opinions of counsel relating to such Subsidiary, all in form and substance reasonably satisfactory
to the Collateral Agent.


 


(ii)                       
solely at all times during the CSAG Period, the Loan Parties shall, (A) with respect to the formation or Acquisition
of any Wholly Owned Subsidiary that is a Domestic Subsidiary (other than an Immaterial Subsidiary, FSHCO or Subsidiary of a Foreign
Subsidiary) that is consummated at any time during the CSAG Period, thirty (30) days from the date of such formation or
Acquisition, and (B) with respect to the formation or Acquisition of any Wholly Owned Subsidiary that is a First-Tier Foreign Subsidiary
(other than an Immaterial Foreign Subsidiary) that is consummated at any time during the CSAG Period, sixty (60) days (or
such later date as Administrative Agent may agree in its reasonable discretion) from the date of such formation or Acquisition,
in each case of the foregoing clauses (a)(ii)(A) and (a)(ii)(B), cause the Equity Interests of such Subsidiary (to
the extent that such Equity Interests do not constitute Excluded Property) to be subject to a first priority (subject to Permitted
Liens), perfected Lien in favor of the Collateral Agent in accordance with this clause (a).


 


(iii)                       
Notwithstanding anything to the contrary in this clauses (a), the pledge of Equity Interests of any Subsidiary pursuant
to this clause (a) shall not be required to the extent that such Equity Interests constitute Excluded Property.


 






    


     


    

 


(b)               
Real and Personal Property. Solely at all times during the CSAG Period, with respect to:


 


(i)                       
any Real Property (other than Excluded Property) acquired in fee by a Loan Party after the First Amendment Effectiveness
Date (but, notwithstanding anything to the contrary in this clause (b)(i), subject to Section 7.15(a) below), within
sixty (60) days (or such later date as the Administrative Agent in its sole discretion may agree) of the acquisition thereof (or
such later date as the Collateral Agent may agree in its sole discretion), the Loan Parties shall cause all such Real Property
(other than Excluded Property) to be subject, at all times, to first priority, title insured Liens in favor of the Collateral Agent
to secure the Secured Obligations pursuant to the Collateral Documents (subject to Permitted Liens), and, in connection with the
foregoing, deliver to the Collateral Agent such other Real Property Security Documents as the Collateral Agent may reasonably request;
and


 


(ii)                       
any Real Property (other than Excluded Property) leased by a Loan Party after the First Amendment Effectiveness Date (but,
notwithstanding anything to the contrary in this clause (b)(ii), subject to Section 7.15(a) below), within sixty
(60) days of the leases thereof (or such later date as the Collateral Agent may agree in its sole discretion), the Loan Parties
shall cause all such Real Property (other than Excluded Property) to be subject, at all times, to first priority, title insured
Liens in favor of the Collateral Agent to secure the Secured Obligations pursuant to the Collateral Documents (subject to Permitted
Liens), and, in connection with the foregoing, deliver to the Collateral Agent such other Real Property Security Documents as the
Collateral Agent may reasonably request; provided, however, that the inability of the Loan Parties to deliver a Mortgage with respect
to such Mortgaged Property with respect to which the related Real Property is a leasehold following the use of commercially reasonable
efforts to do so shall not be deemed to be a failure to satisfy this clause (b)(ii).


 


Notwithstanding anything
to the contrary in the above, in Section 7.15(a), or otherwise in any Loan Document, the Collateral Agent shall not enter
into, accept, or record any mortgage in respect of any Real Property until the Collateral Agent shall have received written confirmation
(which confirmation shall, for purposes hereunder, include email) from each Lender that flood insurance compliance has been completed
by such Lender with respect to such Real Property (such written confirmation not to be unreasonably conditioned, withheld or delayed);
provided, that, the inability of a Loan Party to deliver, enter into, or record a Mortgage with respect to any Real
Property within the time period required by this Section 7.13(b) or Section 7.15(a), as applicable, due to the failure
of the Collateral Agent to receive written confirmation from each Lender that flood insurance compliance has been completed by
such Lender with respect to such Real Property within such time period shall not be deemed to be a failure by such Loan
Party to satisfy the requirements of Section 7.13(b) or Section 7.15(a), as applicable.


 


7.14          
Further Assurances.


 


(a)               
Solely at all times during the CSAG Period, each Loan Party will, and will cause each of its respective Subsidiaries
to, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions
(including, without limitation, the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and
other documents and the delivery of appropriate opinions of counsel), which are required under any applicable Law, or which the
Collateral Agent or the Requisite Lenders may reasonably request, to effectuate the transactions contemplated by the Loan Documents,
or to grant, preserve, protect or perfect the Liens created by the Collateral Documents or the validity or priority of any such
Lien, all at the expense of the Loan Parties. Each Loan Party will, and will cause each of its respective Subsidiaries to, provide
to the Collateral Agent, from time to time upon request, evidence reasonably satisfactory to the Collateral Agent as to the perfection
and priority of the Liens created, or intended to be created, by the Collateral Documents.


 






    


     


    

 


(b)               
Solely at all times during the FCR Period, the Administrative Agent may, in its sole discretion following
consultation with the Borrower, require that the Borrower retain a financial advisor reasonably acceptable to both the Administrative
Agent and the Borrower to assist in the preparation of financial models and reports required to be delivered pursuant to Section
7.01.


 


7.15          
Post-First Amendment Effectiveness Date Conditions.


 


(a)               
Mortgages. Within sixty (60) days of the First Amendment Effectiveness Date (or such later date as the Collateral
Agent may agree in its sole discretion), the Loan Parties shall have delivered, or caused to be delivered, to the Collateral Agent
all Real Property Security Documents with respect to each Real Property required to become subject to a Mortgage pursuant to the
terms of Section 7.13(b), including each of the Real Properties listed on Schedule 6.10–CSAG–RP;
provided, that, if such Mortgaged Property with respect to which the related Real Property is a leasehold, the inability
of the Loan Parties to deliver a Mortgage with respect to such Mortgaged Property with respect to which the related Real Property
is a leasehold following the use of commercially reasonable efforts to do so shall not be deemed to be a failure to satisfy this
clause (a). Notwithstanding anything to the contrary herein or in any other Loan Document, but subject to the proviso in
the immediately preceding sentence, each of the Real Properties listed on Schedule 6.10–CSAG–RP shall,
solely at all times during the CSAG Period, remain subject to a Mortgage unless released in accordance with the terms
of this Agreement in the circumstances described in Section 10.10(a)(i)(A).


 


(b)               
Control Agreements. Within ninety (90) days of the First Amendment Effectiveness Date (or such later date as the
Collateral Agent may agree in its sole discretion), the Loan Parties shall, and shall cause their Subsidiaries to, use commercially
reasonably efforts to provide, or cause to be provided, to the Collateral Agent all Control Agreements reasonably requested by
the Collateral Agent, except with respect to Excluded Accounts and subject to the limitations set forth in the Security Agreement.


 


7.16          
Repayment and Termination of Liquidity Bridge Credit Agreement.


 


Promptly
and, in any event, within five (5) Business Days upon the actual receipt by any Loan Parties of Net Proceeds from the issuance
or sale of any Permitted Convertible / Exchangeable Indebtedness (after payment by the Borrower or the Parent Guarantor, as the
case may be, of an amount equal to the difference between the purchase price for any Permitted Bond Hedge Transactions, and
the proceeds (if any) received by the Parent Guarantor from the sale of any related Permitted Warrant Transactions), and/or
any other Indebtedness incurred pursuant to Section 8.02(b)(xiv), after the Fourth Amendment Effectiveness Date, the Borrower shall:
(a) on a dollar-for-dollar basis using such Net Proceeds (after payment by the Borrower or the Parent Guarantor, as the case may
be, of an amount equal to the difference between the purchase price for any Permitted Bond Hedge Transactions, and the proceeds
(if any) received by the Parent Guarantor from the sale of any related Permitted Warrant Transactions), cause all Obligations (as
defined in the Liquidity Bridge Credit Agreement), if any, outstanding under the Liquidity Bridge Credit Agreement to be repaid
in full (other than those Obligations (as defined in the Liquidity Bridge Credit Agreement) that, pursuant to the express terms
of the Liquidity Bridge Credit Agreement, survive the repayment in full of the Obligations (as defined in the Liquidity Bridge
Credit Agreement) and the termination of the Commitments (as defined in the Liquidity Bridge Credit Agreement)); and (b) cause
all Commitments (as defined in the Liquidity Bridge Credit Agreement), if any, to be terminated.


 






    


     


    

 


ARTICLE
VIII

  


NEGATIVE COVENANTS


 


Until the Commitments
have expired or terminated and the principal of, and interest on, each Loan, and all fees and other amounts payable hereunder or
under any other Loan Document, have been paid in full (other than contingent indemnification obligations that are not then due
and payable), and all Letters of Credit have expired, terminated or been collateralized, and all drawings under all Letters of
Credit shall have been reimbursed, each Loan Party hereby covenants and agrees with the Lenders that, from and after the Effectiveness
Date:


 


8.01          
Liens.


 


Each Loan Party will
not, and will not permit any of its Subsidiaries to, directly or indirectly, create, incur, assume, or permit to
exist any Lien on any Property (including any income or revenues (including accounts receivable)) now owned or hereafter acquired
by it or them, except the following (herein collectively referred to as “Permitted Liens”):


 


(a)               
Liens in favor of: (i) the Collateral Agent pursuant to the Collateral Documents; or (ii) the Administrative Agent in connection
with the provision of Cash Collateral under this Agreement;


 


(b)               
landlords’, carriers’, warehousemen’s, mechanics’, suppliers’, materialmen’s, attorney’s
or other like liens, in any case, incurred in the ordinary course of business which are not overdue for a period of more
than sixty (60) days or which are being contested in good faith and by appropriate proceedings;


 


(c)               
Liens existing on the First Amendment Effectiveness Date and set forth on Schedule 8.01(c), and any Permitted
Lien Renewals thereof, provided, that: (i) no additional Property is covered thereby; (ii) no Liens incurred in connection
with Capital Lease Obligations shall be set forth on Schedule 8.01(c), except for those certain Liens (and any Permitted
Lien Renewals thereof) incurred in connection with Capital Lease Obligations that were set forth on Schedule 8.01(c) as
in effect immediately prior to the First Amendment Effectiveness Date; and (iii) the amount secured or benefited thereby
is not increased (except, in connection with any refinancing, refunding, renewal or extension thereof, by an amount equal
to accrued interest, premiums paid in connection with such refinancing, refunding, renewal, replacement or extension, as applicable,
and fees and expenses incurred in connection therewith);


 


(d)               
Liens for taxes, assessments or governmental charges or claims, or other like statutory Liens that do not secure Indebtedness
for borrowed money, and that (i) are not yet delinquent, or (ii) are being contested in good faith by appropriate proceedings promptly
instituted and properly pursued; provided, that, any reserve or other appropriate provision as shall be required
in conformity with GAAP shall have been made therefor;


 


(e)               
Liens in the form of zoning restrictions, easements, rights of way, licenses, reservations, covenants, conditions or other
restrictions on the use of Real Property, or other minor irregularities in title (including leasehold title), that do not:
(i) secure Indebtedness; or (ii) materially interfere with the business of the Loan Parties and Subsidiaries, taken as a whole;


 


(f)                 Liens
not for borrowed money in the form of pledges or deposits securing bids, tenders, performance, payment of insurance premiums,
statutory obligations, surety bonds, appeal bonds, leases to which the Borrower or any of its Subsidiaries is a party, and
other obligations of a like nature, in each case, made in the ordinary course of business;


 






    


     


    

 


(g)               
Liens resulting from any judgments, awards or orders to the extent that such judgments, awards or orders do not cause or
constitute an Event of Default under this Agreement;


 


(h)               
Liens in the form of licenses, leases or subleases granted or created by the Borrower or any of its Subsidiaries, which
licenses, leases or subleases do not interfere, individually or in the aggregate, in any material respect with the business of
the Loan Parties and Subsidiaries, taken as a whole;


 


(i)                
Liens on fixtures or personal Property held by, or granted to, landlords pursuant to leases;


 


(j)                
Liens solely on any cash earnest money deposits made by the Borrower or any of its Subsidiaries in connection with
any letter of intent of a Permitted Acquisition otherwise permitted hereunder;


 


(k)               
Liens in favor of customs and revenue authorities arising as a matter of Law to secure payment of customs duties in connection
with the importation of goods;


 


(l)                
any zoning or similar Law or right reserved to, or vested in, any governmental office or agency to control or regulate the
use of any Real Property;


 


(m)             
bankers’ Liens, rights of setoff, and similar Liens existing solely with respect to cash and Permitted Investments
on deposit in one (1) or more accounts maintained by any Loan Party or Subsidiary, in each case, granted in the ordinary course
of business in favor of the bank(s) with which such account(s) are maintained, securing amounts owing to such bank with respect
to cash management or other account arrangements, including those involving pooled accounts and netting arrangements;


 


(n)               
Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered
into in the ordinary course of business;


 


(o)               
pledges or deposits in the ordinary course of business in connection with worker’s compensation, unemployment insurance
and other social security legislation, other than any lien imposed by ERISA;


 


(p)               
Liens with respect to unearned premiums of prepaid insurance incurred pursuant to Section 8.02(b)(xi);


 


(q)                Liens
on Property acquired after the Effectiveness Date (i) existing on Property of a Person at the time of its consolidation with,
or merger into, the Borrower, or any of its Subsidiaries, permitted under this Agreement, or at the time such Person becomes
a Subsidiary, or (ii) existing on any Property acquired by the Borrower, or any of its Subsidiaries, at the time such
Property is so acquired (whether or not the Indebtedness secured thereby shall have been assumed, and any Permitted Lien
Renewals thereof); provided, that, in each such case, (A) such Liens were not incurred in
connection with, or in contemplation of, such consolidation or merger, such Person’s becoming a Subsidiary, or such
acquisition of Property, (B) such Liens shall extend solely to the Property so acquired, or, in the case of an
Acquisition of a Subsidiary, the Property of such Subsidiary, and, in each case, proceeds thereof and improvements thereon,
(C) the amount of obligations secured or benefitted thereby is not increased (including pursuant to any Permitted Lien
Renewals thereof), except by an amount equal to any premium or other amount paid, and fees and expenses incurred, in
connection with such Permitted Lien Renewals, and by an amount equal to any existing commitments unutilized thereunder, and
(D) in the case of any such Permitted Lien Renewals, the terms of such Permitted Lien Renewals relating to the Liens on such
Property are on then-current market terms, or are substantially the same as those immediately prior to such Permitted Lien
Renewals;


 






    


     


    

 


(r)                
Liens representing the right of commercial or government (including defense) customers to acquire certain Property from
the Borrower or any of its Subsidiaries, and set-off rights under commercial or defense customer agreements with the Borrower
entered into in the ordinary course of business;


 


(s)                
licenses, sublicenses, covenants not to sue and similar rights granted with respect to intellectual property in the ordinary
course of business, or granted in the applicable Loan Party’s or Subsidiary’s reasonable judgment.


 


(t)                
(i) solely at all times during the CSAG Period, (A)
Liens securing Indebtedness permitted pursuant to Section 8.02(b)(vi);,
and (B) Liens securing Indebtedness permitted pursuant to Section 8.02(b)(xiv), so long as such Liens satisfy the requirements
of Section 8.02(b)(xiv), and (ii) solely at all times that are not during the CSAG Period, Liens
securing Capital Lease Obligations in an aggregate principal amount not to exceed Three-Hundred Million Dollars ($300,000,000)
at any one time outstanding; provided, that, in each case of the foregoing
clauses (t)(i)(A) and (t)(ii), no such Lien covers any Property other than the Property subject to such Capital Lease Obligation
or such other Indebtedness;


 


(u)               
Liens in respect of: (i) obligations under Permitted Incentive Programs (excluding Qualifying IRB Financings) in an aggregate
principal amount not to exceed One-Hundred Million Dollars ($100,000,000) at any one time outstanding; and (ii) Qualifying
IRB Financings;


 


(v)               
Liens arising from sales, transfers, or other dispositions of accounts receivable to the extent permitted by Section
8.03;


 


(w)             
customary Liens arising under Treasury Management Agreements and Swap Contracts;


 


(x)               
Liens on any Property acquired, constructed or improved by the Borrower or any Subsidiary, which are created or incurred
within one hundred eighty (180) days of such acquisition, construction or improvement, to secure, or provide for, the payment of
purchase price of such Property, or the cost of such construction or improvement, including carrying costs (but no other amounts);
provided, that, any such Lien shall not apply to any other Property of the Borrower or any Subsidiary (other
than after acquired title in or on such Property and proceeds of the existing collateral in accordance with the instrument creating
such Lien);


 


(y)               
Liens on the Property of any Subsidiary securing Indebtedness or other obligations owing to any Loan Party;


 


(z)               
Liens in the nature of any interest or title of a lessor or sublessor under any lease permitted under this Agreement;


 






    


     


    

 


(aa)            
purported Liens evidenced by the filing of precautionary UCC financing statements;


 


(bb)           
solely at all times during the CSAG Period, Liens on any Mortgaged Property identified in the applicable ALTA
title policy received by the Collateral Agent relating to such Real Property and accepted by the Collateral Agent;


 


(cc)             solely
at all times during the CSAG Period, Liens granted for the benefit of the 2026 Noteholders on the Collateral;, provided, that,
Liens granted pursuant to this clause (cc) shall be (A) on
an equal and ratable basis with the Liens on the Collateral granted in favor of the Collateral Agent, for the benefit of the
Loan Document Secured Parties, pursuant to the Collateral Documents;,
or (B) in the case of Liens granted in respect of secured Indebtedness that is incurred
pursuant to Section 8.02(b)(xiv), on
a junior basis to the Liens securing the Obligations pursuant to an intercreditor agreement as described in Section
8.02(b)(xiv);


 


(dd)           
solely at all times during the CSAG Period: (i) Liens securing Indebtedness permitted pursuant to Section
8.02(b)(xiii); and (ii) Liens securing Indebtedness or other obligations in an aggregate amount that does not exceed,
(A) solely at all times during the FCR Period, Seventy-Five Million Dollars ($75,000,000), and (B) solely
at all times after the FCR Period, One-Hundred-Fifty Million Dollars ($150,000,000);


 


(ee)            
Liens arising out of, or incurred with respect to, obligations assumed in connection with the Impending Acquisitions in
an aggregate amount not to exceed Three-Hundred Million Dollars ($300,000,000); and


 


(ff)              
solely at all times that are not during the CSAG Period, other Liens securing any Indebtedness or other
obligations of the Borrower and its Subsidiaries, provided, that, the aggregate principal amount of Indebtedness
or other obligations secured by such Liens (or, with respect to such other obligations, if less, the value of the Property subject
to such Liens), together with the amount of any Priority Debt outstanding pursuant to Section 8.02, does not exceed
fifteen percent (15.0%) of Consolidated Total Assets.


 


For purposes of determining
compliance at any time with this Section 8.01, in the event that any Lien meets the criteria of more than one (1) of the
categories of transactions or items permitted pursuant to any clause of this Section 8.01, the Borrower, in its sole discretion,
may, from time to time, classify or reclassify such transaction or item (or portion thereof) under one (1) or more clauses of this
Section 8.01 and will only be required to include the amount and type of such transaction (or portion thereof) in any one
(1) category.


 


8.02          
Indebtedness.


 


Each Loan Party will
not, and will not permit any of its Subsidiaries to, create, incur, assume, or permit to exist (including by way
of a Guarantee):


 


(a)               
solely at all times that are not during the CSAG Period, any Priority Debt, except Priority Debt in
an aggregate principal amount at any one time outstanding not to exceed fifteen percent (15.0%) of Consolidated Total Assets;
and


 


(b)               
solely at all times during the CSAG Period, any Indebtedness, except:


 






    


     


    

 


(i)                       
Indebtedness incurred and outstanding under the Loan Documents;


 


(ii)                       
Indebtedness to remain outstanding after the First Amendment Effectiveness Date as set forth on Schedule 8.02–CSAG,
including, without limitation, the outstanding principal amount of the 2021 / 2023 / 2028 Notes and the 2026 Notes as of the First
Amendment Effectiveness Date, and, in each such case, any Permitted Refinancings thereof; provided, that, no Capital
Lease Obligations shall be set forth on Schedule 8.02–CSAG, except for Capital Lease Obligations (and any Permitted
Refinancings thereof) that were incurred in connection with those certain Liens that were set forth on Schedule 8.01(c)
as in effect immediately prior to the First Amendment Effectiveness Date and Permitted Refinancings thereof;


 


(iii)                       
Indebtedness of any Loan Party or Subsidiary to any other Loan Party or Subsidiary;


 


(iv)                       
Guarantees by Parent Guarantor or any of its Subsidiaries of: (A) Indebtedness of Parent Guarantor or any of its Subsidiaries,
in each case, to the extent that such Indebtedness was permitted to be incurred hereunder, and, (I) if such Indebtedness is subordinated
to the Obligations under the Loan Documents, such Guarantee is subordinated in right of payment to the Obligations on the same
or similar terms, and (II) if such Guarantee is made by a Loan Party of Indebtedness of a Subsidiary that is not a Loan
Party, such Guarantee is permitted under Section 8.04; or (B) any lease of Parent Guarantor or any of its Subsidiaries that
does not constitute Indebtedness hereunder;


 


(v)                       
Indebtedness arising from the honoring by a bank or other financial institution of a check, draft, or similar instrument
drawn against insufficient funds in the ordinary course of business; provided, that, such Indebtedness is extinguished
within five (5) Business Days of its incurrence;


 


(vi)                       
(A) Capital Lease Obligations, and (B) Indebtedness incurred with respect to the acquisition, constructions, installation,
repair, replacement, improvement or removal of fixed or capital assets and purchase money Indebtedness (provided, that,
such Indebtedness incurred under this clause (b)(vi)(B) is incurred prior to or within one-hundred twenty (120) days after
such acquisition, or the completion of such construction or improvement); provided, that, the aggregate principal
amount of Indebtedness permitted by this clause (b)(vi) shall not exceed Three-Hundred Million Dollars ($300,000,000)
at any one time outstanding;


 


(vii)                       
Swap Contracts entered into not for speculative purposes;


 


(viii)                       
Indebtedness owed to any Person providing worker’s compensation, health, disability, or other employee benefits or
property, casualty, or liability insurance to any Loan Party or Subsidiary, pursuant to reimbursement or indemnification obligations
to such Person;


 


(ix)                       
Indebtedness of any Loan Party or Subsidiary in respect of performance bonds, bid bonds, completion guarantees, appeal bonds,
surety bonds, bankers’ acceptances, and similar obligations and trade-related letters of credit, in each case, provided by
the Loan Parties or Subsidiaries in the ordinary course of business and not in connection with indebtedness for borrowed money,
including those incurred to secure health, safety and environmental obligations in the ordinary course of business;


 


(x)                        Indebtedness
arising from agreements of any Loan Party or Subsidiary providing for indemnification, adjustment of purchase price,
earn-outs, or similar obligations, in each case, incurred or assumed in connection with the disposition of any business,
Property, or a Subsidiary, other than Guarantees of Indebtedness incurred by any Person acquiring all, or any portion, of
such business, Property, or a Subsidiary for the purpose of financing such Acquisition;


 






    


     


    

 


(xi)                       
Prepaid insurance in an amount not to exceed Fifteen Million Dollars ($15,000,000) at any time outstanding;


 


(xii)                       
Indebtedness incurred in connection with a Permitted Incentive Program or Qualifying IRB Financing;


 


(xiii)                       
Indebtedness assumed in connection with any: (A) Impending Acquisition; or (B) Permitted Acquisition, provided, that,
such Indebtedness is not incurred in contemplation of such Permitted Acquisition, so long as, in the case of this clause
(b)(xiii)(B), (I) no Default or Event of Default then exists or would result therefrom, and (II) the Loan Parties and Subsidiaries
are in compliance with all applicable Financial Covenants in effect at such time on a Pro Forma Basis, after giving effect to the
incurrence of such Indebtedness, and any Permitted Refinancing thereof;


 


(xiv)                       
unsecured Indebtedness of any Loan Party or Subsidiary (including,
without limitation, Permitted Convertible / Exchangeable Indebtedness), which may be
senior or subordinated, provided, that: (A) no Default or Event of Default exists at the time of,
or immediately after giving effect to, the incurrence of such Indebtedness; (B) to
the extent that any such Indebtedness hasis
unsecured and/or subordinated, or is secured on a junior basis to the Obligations, such Indebtedness shall have no mandatory
redemption, conversion, or principal repayment or mandatory prepayment requirement
(in each case payablethat
is required to be paid in cash) prior to the date that is ninety-one (91) days after the Final Maturity Date, except
for customary principal redemption or mandatory prepayment terms for Indebtedness of this type with regard to asset sales, changes
of control, fundamental changes, and incurrence of Indebtedness;
and (C) as of the date of incurrence of any such Indebtedness, the Loan Parties
shall be in compliance with all applicable Financial Covenants in effect at such time on a Pro Forma Basis, after giving effect
to the incurrence of such Indebtedness (and the application of proceed therefrom), and any Permitted Refinancing thereof; (D)
to the extent that any such Indebtedness is secured, (I) such Indebtedness shall not be secured by Liens on any Property
of the Loan Parties that does not constitute Collateral (other than on amounts deposited with the trustee or agent for such Indebtedness
in connection with the prepayment or defeasance thereof, to the extent otherwise permitted hereunder), and (II) such Indebtedness
shall be secured on a junior basis to the Obligations and the holders of such Indebtedness shall be subject to an intercreditor
agreement that is in form and substance reasonably acceptable to the Collateral Agent; (E) to the extent that any such Indebtedness
is subordinated with respect to the Obligations, the holders of such Indebtedness shall be subject to a subordination agreement
that is in form and substance reasonably acceptable to the Collateral Agent; (F) the aggregate principal amount of all such Indebtedness
that is secured shall not exceed One Billion Two-Hundred Million Dollars ($1,200,000,000) at any time outstanding; and (G)
any Indebtedness incurred pursuant to this clause (b)(xiv) shall not, at any time, be subject to a Guarantee by any Subsidiary
of the Parent Guarantor that is not a Loan Party;


 


(xv)                       
unsecured Indebtedness of the Borrower incurred during the period from the First Amendment Effectiveness Date to, but excluding,
the Maturity Date (as defined in the Liquidity Bridge Credit Agreement), pursuant to the Liquidity Bridge Credit Agreement; provided,
that, the principal amount of such Indebtedness incurred pursuant to this clause (b)(xv) shall not exceed,
in the aggregate, Three-Hundred Seventy-Five Million Dollars ($375,000,000) during such period;


 


(xvi)                        Indebtedness
under the North Hangar Lease; provided, that, solely at all times during the FCR Period, such
Indebtedness shall be limited to the amount of such Indebtedness that is in existence as of the First Amendment Effectiveness
Date, and increases in such Indebtedness after the First Amendment Effectiveness Date in an amount not to exceed
Fifteen Million Dollars ($15,000,000);


 






    


     


    

 


(xvii)                       
upon a Discontinuance Event, Indebtedness in an amount equal to the lesser of: (A) the aggregate amount of Advance
Payments made by the applicable customer under the applicable contract, less the sum of (I) the aggregate amount
of Advance Payments under the applicable contract theretofore repaid to the applicable customer or otherwise satisfied or forgiven,
plus (II) any Advance Payments that are not required to be repaid under the applicable contract as a result of such
Discontinuance Event, and (B) the amount agreed in writing between the Parent Guarantor or the applicable Subsidiary, on one hand,
and the applicable customer, on the other hand, in settlement of any repayment obligations owing to the applicable customer in
respect of Advance Payments under the applicable contract as a result of such Discontinuance Event;


 


(xviii)                       
unsecured Indebtedness in respect of obligations to pay the deferred purchase price of goods or services or progress payments
in connection with such goods and services incurred in the ordinary course of business and not in connection with the borrowing
of money or any Swap Contracts;


 


(xix)                       
Indebtedness of the Parent Guarantor and its Subsidiaries incurred under cash management and/or overdraft facilities (including,
but not limited to, intraday, ACH and purchasing card services) extended by one or more financial institutions and established
for the Parent Guarantor and its Subsidiaries’ ordinary course of operations;


 


(xx)                       
other Indebtedness, in an aggregate outstanding principal amount not to exceed: (A) solely at all times during
the FCR Period, Seventy-Five Million Dollars ($75,000,000); and (B) solely at all times after the FCR Period,
Two-Hundred Million Dollars ($200,000,000);


 


(xxi)                       
Indebtedness incurred by any Foreign Subsidiary which is Non-Recourse Debt; provided, that all such Indebtedness
incurred pursuant to this clause (b)(xxi) shall not exceed Ten Million Dollars ($10,000,000);


 


(xxii)                       
loans or cash advances from customers in an aggregate amount not to exceed Two-Hundred Million Dollars ($200,000,000);
and


 


(xxiii)                       
Indebtedness pursuant to a program or facility sponsored or guaranteed by
any Governmental Authority for the purposes (in the good faith determination of the Borrower) of providing liquidity or other
financial relief in connection with the COVID-19 pandemic and any potential effects and consequences related thereto; and


 


(xxiv)                       
(xxiii) all premium (if any), interest (including post-petition
interest), fees, expenses, charges and additional or contingent interest on obligations permitted under this Section 8.02.


 


For purposes of determining
compliance at any time during the CSAG Period with this Section 8.02, in the event that any Indebtedness meets the
criteria of more than one (1) of the categories of transactions or items permitted pursuant to any clause of this Section 8.02,
the Borrower, in its sole discretion, may, from time to time, classify or reclassify such transaction or item (or portion thereof)
under one (1) or more clauses of this Section 8.02 and will only be required to include the amount and type of such transaction
(or portion thereof) in any one (1) category.


 






    


     


    

 


 



 


8.03          
Fundamental Changes; Line of Business.


 


(a)               
Solely at all times during the CSAG Period, each Loan Party will not, and will not permit any
of their respective Subsidiaries to, directly or indirectly, merge into, or consolidate with, any other Person, or permit any other
Person to merge into, or consolidate with, it or them, or otherwise liquidate or dissolve, provided, that: (i) if,
at the time thereof and immediately after giving effect thereto, no Default or Event of Default shall have occurred and be continuing,
(A) any Wholly Owned Subsidiary of the Borrower may merge with, or consolidate into, the Borrower in a transaction in which the
Borrower is the surviving Person, (B) any Wholly Owned Subsidiary of the Borrower that is (I) not a Loan Party may merge
with, or consolidate into, any other Wholly Owned Subsidiary of the Borrower, and (II) a Loan Party may merge with, or consolidate
into, any other Wholly Owned Subsidiary of the Borrower in a transaction in which the surviving Person is a Loan Party, (C) Permitted
Acquisitions may be consummated through merger or consolidation, so long as the surviving Person is the Borrower (in the case of
an Acquisition by, or merger or consolidation with, the Borrower) or a Guarantor (in the case of an Acquisition by, or merger or
consolidation, with a Guarantor), and (D) any merger with, or consolidation into, a Person in connection with any Asset Sale permitted
by Section 8.05; and (ii) in connection with any merger or consolidation referred to in clause (a)(i) above,
each Loan Party will, and will cause each of its respective Subsidiaries that are Loan Parties to comply with the provisions of
Section 7.12, Section 7.13 and Section 7.14, in each case, on the terms set forth therein and to the
extent applicable.


 


(b)               
Solely at all times that are not during the CSAG Period, each Loan Party will not, and will
not permit any of their respective Subsidiaries to, directly or indirectly, merge into, or consolidated with, any other
Person, or permit any other Person to merge into, or consolidate with, it or them, or otherwise liquidate or dissolve, provided,
that: (i) if, at the time thereof and immediately after giving effect thereto, no Default or Event of Default shall have
occurred and be continuing, (A) any Subsidiary may merge with, or consolidate into, any Loan Party in a transaction in which a
Loan Party is the surviving Person, provided, that, in a transaction in which the Borrower and a Guarantor are merged,
(I) the Borrower shall be the surviving Person, or (II) such Guarantor shall assume the obligations of, and shall become, the Borrower
hereunder (subject to receipt of all reasonably requested documentation and other information in connection with applicable “know
your customer” and anti-money laundering Laws, including, without limitation, the Act, and the Beneficial Ownership Regulation),
and (B) any Subsidiary of the Borrower may merge with, or consolidate into, any other Subsidiary of the Borrower; (ii) Permitted
Acquisitions may be consummated through merger or consolidation, provided, that, in the case of a merger or consolidation
involving the Borrower, the surviving Person is the Borrower; and (iii) any merger or consolidation of a Person in connection with
any Asset Sale permitted by Section 8.05.


 


(c)               
Notwithstanding anything to the contrary in this Section 8.03, and subject to compliance with the provisions of Section
8.04 and, to the extent applicable, Section 8.06: (i) any Subsidiary may dispose of any or all of its Property (upon
voluntary liquidation or otherwise) to any Loan Party; and (ii) any Subsidiary of the Borrower may liquidate or dissolve, and distribute
its Property ratably to its shareholders.


 


(d)               
The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, engage in any business other
than businesses of the type conducted by the Borrower and its Subsidiaries on the Effectiveness Date and businesses similar, complementary,
or reasonably related thereto and reasonable extensions thereof, including, without limitation, the modification, maintenance,
repair and overhaul businesses and the direct marketing and sale of spare parts and units.,
provided, that, the Borrower may, and may permit any of its Subsidiaries to, for national security and/or public health purposes,
including in connection with the COVID-19 pandemic and the resulting effects thereof, manufacture medical and/or other equipment
or supplies.


 






     


     


    

 


(e)               
Each Loan Party will not, and will not permit any of its Subsidiaries to sell, transfer, lease, or otherwise
dispose (or permit the sale, transfer, lease, or other disposal) of (whether in one (1) transaction, or in a series of transactions)
any of its Property, if such Property would, in the aggregate, otherwise constitute all, or substantially all, of the Property
of the Loan Parties and Subsidiaries (taken as a whole) (whether now owned or hereafter acquired), to, or in favor of, any Person
(other than to any Loan Party or, solely at all times that are not during the CSAG Period, any Wholly Owned
Subsidiary).


 


8.04          
Investments, Loans, Advances, Guarantees and Acquisitions.


 


Each Loan Party will
not, and will not permit any of its Subsidiaries to, directly or indirectly, purchase or acquire (including pursuant
to any merger with any Person that was not a Wholly Owned Subsidiary of the Borrower prior to such merger) any Equity Interests
in, or evidences of, Indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing)
of, make any loans or advances to, Guarantee any obligations of, or make any investment in, any other Person, or provide other
credit support for any Person or purchase, or otherwise acquire (in one (1) transaction or a series of transactions) any Property
of any other Person constituting a business unit (each of the foregoing, an “Investment”; and collectively,
 “Investments”), except:


 


(a)               
Permitted Investments;


 


(b)               
Investments: (i) by a Loan Party or Subsidiary in a Subsidiary that are in existence as of the First Amendment Effectiveness
Date; and (ii) existing on the First Amendment Effectiveness Date (or, in respect of which a binding commitment to make such Investment
existed on the First Amendment Effectiveness Date) and set forth on Schedule 8.04;


 


(c)               
Investments: (i) by any Loan Party or Subsidiary in any Loan Party; (ii) by any Subsidiary that is not a Loan Party in another
Subsidiary that is not a Loan Party; (iii) solely at all times during the CSAG Period, by any Loan Party in any Subsidiary
that is not a Loan Party, provided, that, except for Investments made in connection with the Impending Acquisitions
(including in connection with any reorganization transactions prior to or following an Impending Acquisition to facilitate the
consummation of such Impending Acquisition or the integration of the target of such Impending Acquisition) or Indebtedness permitted
under Section 8.02, all Investments made pursuant to this clause (c)(iii) at any time during the CSAG Period shall
not exceed Seventy-Five Million Dollars ($75,000,000) in the aggregate in each Fiscal Year; and (iv) solely at a
time that is not during the CSAG Period, by any Loan Party or Subsidiary in any Subsidiary;


 


(d)               
Investments constituting Indebtedness of the Loan Parties and Subsidiaries that is not prohibited by Section 8.02;


 


(e)               
Guarantees constituting Indebtedness of the Loan Parties and Subsidiaries that is not prohibited by Section 8.02;


 


(f)                
Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes
with, customers and suppliers, in each case, in the ordinary course of business;


 


(g)                loans
and advances to employees, officers and directors of any Loan Party or Subsidiary in the ordinary course of business
(including, without limitation, for travel, entertainment and relocation expenses) not to exceed Ten Million Dollars
($10,000,000) in the aggregate at any time outstanding;


 






     


     


    

 


(h)               
loans and advances to employees, officers and directors of any Loan Party or Subsidiary to the extent used to acquire Equity
Interests of the Parent Guarantor;


 


(i)                
Investments in prepaid expenses, negotiable instruments held for collection and lease, utility and workers compensation,
performance and similar deposits entered into as a result of the operations of the business in the ordinary course of business;


 


(j)                
Investments that are Permitted Acquisitions (including, without limitation, the Impending Acquisitions);


 


(k)               
Investments in respect of obligations under Permitted Incentive Programs;


 


(l)                
Investments made in connection with the North Hangar Lease;


 


(m)             
Investments in either China JV in an aggregate amount not to exceed the aggregate amount received by Spirit AeroSystems
International Holdings, Inc. from such China JV;


 


(n)               
Investments in the China JVs in an aggregate amount not to exceed Fifty Million Dollars ($50,000,000); and


 


(o)               
other Investments, provided, that: (i) solely at all times during the CSAG Period, no Default
or Event of Default shall exist at the time of, or immediately after giving effect to, any such Investment; (ii) the Loan Parties
and Subsidiaries shall be in compliance with all applicable Financial Covenants in effect at such time on a Pro Forma Basis, after
giving effect to such Investment; and (iii) all Investments made pursuant to this clause (o), solely at all times
during the CSAG Period, shall not exceed One Hundred Million Dollars ($100,000,000) in the aggregate in each Fiscal
Year.; and


 


(p)               
Investments consisting of Permitted Bond Hedge Transactions and/or Permitted
Warrant Transactions, together with Investments consisting of the performance of any obligations of any Loan Party or Subsidiary
thereunder.


 


For purposes of this
Section 8.04, in the event that an Investment is listed on Schedule 8.04 and meets the criteria of more than one
(1) of the other categories of Investments permitted under this Section 8.04, such Investment as listed on Schedule 8.04
shall not be included in determining compliance with the other categories of permitted Investments listed above. For purposes
of determining compliance at any time with this Section 8.04, in the event that any Investment meets the criteria of more
than one (1) of the categories of transactions or items permitted pursuant to any clause of this Section 8.04, the Borrower,
in its sole discretion, may, from time to time, classify or reclassify such transaction or item (or portion thereof) under one
(1) or more clauses of this Section 8.04 and will only be required to include the amount and type of such transaction (or
portion thereof) in any one (1) category.


 


8.05          
Asset Sales.


 


Solely at
all times during the CSAG Period, each Loan Party will not, and will not permit any of its Subsidiaries
to, directly or indirectly, sell, transfer, lease, or otherwise dispose (or permit the sale, transfer, lease, or other
disposal) of any Property, including any Equity Interests owned by them, and each Loan Party will not permit any of
its Subsidiaries to, directly or indirectly, issue any additional Equity Interests in such Subsidiary, except:


 






     


     


    

 


(a)               
sales of inventory or used, surplus, obsolete, outdated, inefficient, or worn out equipment and other Property in the ordinary
course of business;


 


(b)               
sales, transfers and dispositions to any Loan Party; provided, that, in connection with the foregoing, such
Loan Party will comply with the provisions of Section 7.12, Section 7.13 and Section 7.14, in each case, on
the terms set forth therein and to the extent applicable;


 


(c)               
the lease or sublease of Real Property or personal Property in the ordinary course of business and not constituting
a sale and leaseback transaction;


 


(d)               
sales of Permitted Investments;


 


(e)               
Liens permitted by Section 8.01 and the making of Investments permitted under Section 8.04 and Restricted
Payments permitted under Section 8.06;


 


(f)                
sales, transfers and other dispositions of Property by any Loan Party or Subsidiary that is not a Loan Party to any
Subsidiary that is not a Loan Party; provided that, in the case of any sale, transfer or disposition by a Loan Party
to a Subsidiary that is not a Loan Party, such sale, transfer or disposition shall be (i) for fair value (as reasonably determined
by the Loan Parties), or (ii) subject to limitations on Investments in Section 8.04, an Investment;


 


(g)               
licenses, sublicenses, covenants not to sue and similar rights granted with respect to intellectual property in the ordinary
course of business or granted in the applicable Loan Party’s or Subsidiary’s reasonable judgment;


 


(h)               
the abandonment or cancellation of intellectual property that is, in the applicable Loan Party’s or Subsidiary’s
reasonable judgment, not material to, or no longer used or useful in any material respect in, the business of the Loan Parties
and Subsidiaries (taken as a whole), or otherwise to the extent such abandonment or cancellation is done in the applicable Loan
Party’s or Subsidiary’s reasonable judgment;


 


(i)                
sales or forgiveness of accounts receivable in the ordinary course of business in connection with the collection or compromise
thereof;


 


(j)                
sales of Property in connection with factoring agreements or arrangements in the ordinary course of business, including
to: (i) Citibank, N.A. under that certain Supplier Agreement, dated as of October 1, 2017, by and among the Borrower and Citibank,
N.A. (as amended, restated, amended and restated, supplemented, and/or otherwise modified from time to time); and (ii) Taulia Inc.
under the Taulia Business Exchange Hosted Service Terms and Conditions by and between Spirit AeroSystems (Europe) Limited and Taulia
Inc. (as amended, restated, amended and restated, supplemented, and/or otherwise modified in writing from time to time);


 


(k)               
issuances of Equity Interests in a Subsidiary to a Loan Party or a Subsidiary;


 


(l)                
sales, transfers and/or other dispositions of property by one or more Loan Parties in connection with the incurrence of
any Qualifying IRB Financing or other Permitted Incentive Program;


 






     


     


    

 


(m)             
to the extent that (i) the relevant Property is exchanged for credit against the purchase price of similar replacement
Property, or (ii) the proceeds of the relevant Asset Sale are promptly applied to the purchase price of such replacement Property,
so long as the exchange or Asset Sale is made for fair value and on an arm’s length basis for like Property;


 


(n)               
dispositions of Investments in joint ventures to the extent required by, or made pursuant to, contractual buy/sell arrangements
between the joint venture parties set forth in joint venture arrangements and similar binding arrangements;


 


(o)               
(i) termination of leases in the ordinary course of business; (ii) the expiration of any option agreement in respect
of Real Property or personal Property; and (iii) any surrender or waiver of contractual rights or the settlement, release
or surrender of contractual rights or other litigation claims in the ordinary course of business;


 


(p)               
transfers of Property subject to casualty, eminent domain or condemnation proceedings (including in lieu thereof);


 


(q)               
the sale, lease, sublease, license, sublicense, consignment, conveyance or other disposition of equipment, inventory or
other assets (including leasehold interests in Real Property) with respect to facilities that are temporarily not in use, held
for sale or closed; provided, that, the Borrower shall be in compliance with all applicable Financial Covenants in
effect at such time on a Pro Forma Basis, after giving effect to such Asset Sale and to the application of proceeds thereof;


 


(r)                
sales of non-core personal Property acquired in connection with an Acquisition permitted hereunder and sales of Real Property
acquired in an Acquisition permitted hereunder, which, within sixty (60) days of the date of the Acquisition, are designated in
writing to the Administrative Agent as being held for sale and not for the continued operation of the Parent Guarantor or any of
its Subsidiaries or any of their respective businesses;


 


(s)                
terminations of Swap Contracts or any Permitted Bond Hedge Transactions;


 


(t)                
sales, transfers or other dispositions to customers pursuant to customer contracts (including to Boeing pursuant to any
Boeing Agreement); provided, that, the Borrower shall be in compliance with all applicable Financial Covenants in
effect at such time on a Pro Forma Basis, after giving effect to such Asset Sale and to the application of proceeds thereof; and


 


(u)               
sales, transfers, and dispositions of Property (other than Equity Interests of a Subsidiary of the Borrower, unless, after
giving effect to such sale, transfer, or disposition, such Subsidiary no longer constitutes a Subsidiary of the Borrower, and the
Borrower is permitted to make an Investment under Section 8.04 in an amount equal to the Equity Interests retained by the
Borrower, or any of its Subsidiaries, in such Person) for fair value (as determined by the Borrower in good faith) and for at
least seventy-five percent (75.0%) cash and Permitted Investments; provided, that, (i) the Borrower shall be
in compliance with all applicable Financial Covenants in effect at such time on a Pro Forma Basis, after giving effect to such
Asset Sale and to the application of proceeds thereof, and (ii) the aggregate fair market value of all Property sold, transferred,
or otherwise disposed of in reliance upon this clause (u) shall not, in the aggregate, exceed One Hundred
Million Dollars ($100,000,000) during any Fiscal Year, and (iii) the Net Proceeds thereof are applied as required by Section 2.05(b).;
and


 


(v)               
Permitted Warrant Transactions.


 






     


     


    

 


8.06          
Restricted Payments.


 


Each Loan Party will
not, and will not permit any of its Subsidiaries to, directly or indirectly, declare or make, or agree to pay or
make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except:


 


(a)               
any Subsidiary may declare and pay dividends to the Parent Guarantor or any other Subsidiary that is a holder of such Subsidiary’s
Equity Interests, and ratably (or less than ratably) to any other holders of such Subsidiary’s Equity Interests, with respect
to their Equity Interests;


 


(b)               
the Parent Guarantor may pay dividends consisting solely of shares of its common Equity Interests or additional shares
of the same class of shares as the dividend being paid and that do not constitute Disqualified Capital Stock;


 


(c)               
cashless exercises of options and warrants;


 


(d)               
the payment of any dividend by the Parent Guarantor within ninety (90) days after declaration thereof, if, at the time of
such declaration, such payment was permitted by this Section 8.06;


 


(e)               
solely at all times during the CSAG Period, so long as (i) no Default or Event of Default shall exist at the
time of, or immediately after giving effect to, such Restricted Payment, and (ii) the Loan Parties and Subsidiaries shall be in
compliance with all applicable Financial Covenants in effect at such time on a Pro Forma Basis after giving effect to such Restricted
Payment, the Parent Guarantor may declare and pay cash dividends that have been approved by the Board of Directors to the holders
of its Equity Interests (or incur an obligation to do the same, it being understood that the actual declaration or payment remains
subject to the satisfaction of this clause (e)), provided, that, all such dividends declared or paid pursuant
to this clause (e), together with all dividends declared or paid pursuant to clause (f) below, do not exceed
Fifty-Two Million Dollars ($52,000,000) in any Fiscal Year;


 


(f)                
solely at all times during the CSAG Period, the Parent Guarantor may declare and pay cash dividends that have
been approved by the Board of Directors to the holders of its Equity Interests in an aggregate amount in any Fiscal Quarter not
to exceed one (1) cent ($0.01) per share of common stock outstanding; and


 


(g)               
solely at all times that are not during the CSAG Period, so long as (i) no Default or Event of Default
shall exist at the time of, or immediately after giving effect to, such Restricted Payment, and (ii) the Loan Parties and Subsidiaries
shall be in compliance with all applicable Financial Covenants in effect at such time on a Pro Forma Basis after giving effect
to such Restricted Payment, the Parent Guarantor may repurchase, redeem or otherwise acquire its Equity Interests, and/or declare
and pay cash dividends to, the holders of its Equity Interests (or incur an obligation to do the same, it being understood that
the actual repurchase, redemption or other acquisition or declaration or payment remains subject to the satisfaction of this clause
(g)).;


 


(h)                (i)
the Borrower or the Parent Guarantor may (A) make any payment of premium to a counterparty under a Permitted Bond Hedge
Transaction, and (B) make any payment in cash to holders of any Permitted Convertible / Exchangeable Indebtedness in excess
of the original principal (or notional) amount thereof, and (ii) the Parent Guarantor may (A) deliver shares of the common
stock in the Parent Guarantor upon the exercise and settlement or termination of any Permitted Warrant Transaction, and (B)
make any payment in cash (including by set-off) upon the exercise and settlement or termination of any Permitted Warrant
Transaction; provided, that, in each case of the foregoing clauses (h)(i)(B) and (h)(ii)(B), (I)
no Default or Event of Default shall exist immediately before or immediately after giving effect thereto on a Pro Forma
Basis, and (II) the Borrower shall deliver a certificate from a Responsible Officer of the Borrower, in form and detail
reasonably satisfactory to the Administrative Agent, confirming the foregoing and demonstrating compliance with all
applicable Financial Covenants after giving effect thereto on a Pro Forma Basis;




 






     


     


    

 


(i)                
the Borrower or the Parent Guarantor may deliver, or cause to be delivered,
shares of the common stock in the Parent Guarantor (or other securities and/or property of the Parent Guarantor that the applicable
Permitted Convertible / Exchangeable Indebtedness is convertible or exchangeable into, in accordance with the terms thereof) in
order to satisfy obligations in respect of any Permitted Convertible / Exchangeable Indebtedness;


 


(j)                
 the Borrower or the Parent Guarantor may pay interest due in respect of any
Permitted Convertible / Exchangeable Indebtedness; and


 


(k)               
the Borrower or the Parent Guarantor may receive shares of common stock in
the Parent Guarantor on account of the net share settlement and/or termination of any Permitted Bond Hedge Transaction.


 


8.07          
Transactions with Affiliates.


 


Each Loan Party will
not, and will not permit any of its Subsidiaries to, directly or indirectly, sell, lease or otherwise transfer any
Property to, or purchase, lease or otherwise acquire any Property from, or otherwise engage in any other transaction involving
aggregate consideration for such transaction in excess of Twenty-Five Million Dollars ($25,000,000) with, any of their Affiliates
(each, an “Affiliate Transaction”), unless such transaction is at prices and on terms and conditions,
taken as a whole, not less favorable to the Loan Party or such Subsidiary than could be obtained on an arm’s-length basis
from unrelated third-parties, except:


 


(a)               
transactions between or among: (i) solely at all times during the CSAG Period, (A) any Loan Party and any
other Loan Party, (B) Subsidiaries that are not Loan Parties, and (C) any Loan Party or Subsidiary and any other Loan Party
or Subsidiary in connection with any reorganization transactions prior to or following an Impending Acquisition to facilitate the
consummation of such Impending Acquisition or the integration of the target of such Impending Acquisition; and (ii) solely
at all times that are not during the CSAG Period, any Loan Party or Subsidiary and any other Loan Party or Subsidiary;


 


(b)               
any Restricted Payment permitted by Section 8.06 and any transaction permitted by Section 8.03,
Section 8.04 or Section 8.05(k);


 


(c)               
fees and compensation, benefits and incentive arrangements paid or provided to, and any indemnity provided on behalf of,
officers, directors or employees of any Loan Party or Subsidiary in the ordinary course of business;


 


(d)               
the issuance or sale of any Equity Interests of the Parent Guarantor (and the exercise of any options, warrants or other
rights to acquire Equity Interests of the Parent Guarantor);


 


(e)               
transactions in connection with Permitted Incentive Programs and the consummation of other transactions incidental or related
thereto; and


 






     


     


    

 


(f)                
(f)transactions to the extent required under any Organizational
Document of any China JV, and/or other documentation governing any China JV, entered into by the Parent Guarantor or any of its
Subsidiaries, as such documentation is in effect on the First Amendment Effectiveness Date, as amended or otherwise modified from
time to time in a manner not materially adverse to the Lenders.


 


8.08          
Financial Covenants.


 


(a)               
Liquidity. Solely with respect to each Fiscal Month ending during
the FCR Periodthrough the twelfth (12th)
Fiscal Month of 2021, commencing with the first (1st) Fiscal Month ending after the First Amendment Effectiveness
Date, the Parent Guarantor and its Subsidiaries, on a consolidated basis, shall, measured as of the last day of each such Fiscal
Month, have, ( i) with respect to each Fiscal
Month ending after the First Amendment Effectiveness Date through, and including, the last Fiscal
Month ending in the third (3rd) Fiscal Quarter of 2020,
at least One Billion Dollars ($1,000,000,000) of Liquidity, (ii) with respect to each Fiscal Month ending after the third
(3rd) Fiscal Quarter of 2020 through, and including, the last Fiscal Month ending in the fourth (4th) Fiscal
Quarter of 2020, at least Eight-Hundred Fifty Million Dollars ($850,000,000) of Liquidity, and (iii) with respect to each
Fiscal Month ending in the first (1st) Fiscal Quarter of 2021,
at least Seven-Hundred Fifty Million Dollars ($750,000,000) of Liquidity; provided,
that, notwithstanding anything to the contrary in the foregoing, in the event that proceeds
of Indebtedness incurred by the Loan Parties pursuant to Section
8.02(b)(xiv), in an aggregate principal amount of at least
Seven-Hundred Fifty Million Dollars ($750,000,000) incurred during the FCR Period, are received by the Loan Parties during the
FCR Period, the Loan Parties, on a consolidated basis, shall, measured as of the last day of the Fiscal Month during which such
proceeds were received, and as of the last day of each Fiscal Month thereafter during the FCR Period, have at
least One Billion Dollars ($1,000,000,000) of Liquidity.


 


(b)               
Interest Coverage Ratio. The Borrower will not permit the Interest Coverage Ratio:
(i), as of the last day of any Fiscal Quarter
ending prior to the First Amendment Effectiveness Date, to be less than 4.00:1.00;
(ii) as of the last day of the first (1st) Fiscal Quarter of 2020, to be less than 4.00:1.00; (iii) as of the
last day of the second (2nd) Fiscal Quarter of 2020, to be less than 3.75:1.00; (iv)
as of the last day of the third (3rd) Fiscal Quarter of 2020, to be less than
2.50:1.00; (v) as of the last day of the fourth (4th) Fiscal Quarter
of 2020, to be less than 2.25:1.00; (vi) as of the last day of the first (1st) Fiscal Quarter of 2021, to be
less than 3.75:1.00; and (vii) as of the last day of any Fiscal Quarter ending
after the Financial Covenant Reversion Date, to be less than 4.00:1.00.set
forth in the table below, to be less than the ratio set forth opposite such Fiscal Quarter in the table below:


 


(c)
Senior Secured Leverage Ratio. The Borrower will not permit the Senior Secured
Leverage Ratio: (i) as of the last day of the first (1st) Fiscal Quarter of 2020, to be greater than 3.00:1.00;
(ii) as of the last day of the second (2nd) Fiscal Quarter of 2020, to be greater than 4.25:1.00, (iii) as of
the last day of the third (3rd) Fiscal Quarter of 2020, to be greater than 5.50:1.00; (iv) as of the last day
of the fourth (4th) Fiscal Quarter of 2020, to be greater than 5.00:1.00; and (v) as of the last day of the first
(1st) Fiscal Quarter of 2021, to be greater than 3.00:1.00.


 






     


     


    

 


	Fiscal Quarter	Interest Coverage Ratio
	Prior to the First Amendment Effectiveness Date	4.00:1.00
	First (1st) Fiscal Quarter of 2020	4.00:1.00
	Second (2nd) Fiscal Quarter of 2020	2.25:1.00



 


	Third (3rd) Fiscal Quarter of 2020	1.25:1.00
	Fourth (4th) Fiscal Quarter of 2020	1.25:1.00
	First (1st) Fiscal Quarter of 2021	1.75:1.00
	Second (2nd) Fiscal Quarter of 2021	2.25:1.00
	Third (3rd) Fiscal Quarter of 2021	2.50:1.00
	Fourth (4th) Fiscal Quarter of 2021	2.75:1.00
	First (1st) Fiscal Quarter of 2022	3.00:1.00
	Second (2nd) Fiscal Quarter of 2022	3.25:1.00
	Third (3rd) Fiscal Quarter of 2022	3.75:1.00
	Fourth (4th) Fiscal Quarter of 2022	3.75:1.00
	Each Fiscal Quarter ending after the Financial Covenant Reversion Date	4.00:1.00


 


(c)               
First
Lien Leverage Ratio. The Borrower will not permit the First Lien Leverage Ratio, as
of the last day of any Fiscal Quarter set
forth in the table below, to exceed the ratio set forth opposite such Fiscal Quarter in the table below:


 


	Fiscal Quarter	First Lien Leverage Ratio
	First (1st) Fiscal Quarter of 2020	3.00:1.00
	Second (2nd) Fiscal Quarter of 2020	4.50:1.00
	Third (3rd) Fiscal Quarter of 2020	6.50:1.00
	Fourth (4th) Fiscal Quarter of 2020	6.75:1.00
	First (1st) Fiscal Quarter of 2021	5.00:1.00
	Second (2nd) Fiscal Quarter of 2021	4.50:1.00
	Third (3rd) Fiscal Quarter of 2021	3.50:1.00
	Fourth (4th) Fiscal Quarter of 2021	3.00:1.00
	First (1st) Fiscal Quarter of 2022	3.00:1.00
	Second (2nd) Fiscal Quarter of 2022	3.00:1.00
	Third (3rd) Fiscal Quarter of 2022	3.00:1.00
	Fourth (4th) Fiscal Quarter of 2022	3.00:1.00


 


(d)               
Total Leverage Ratio. The Borrower will not permit the Total Leverage Ratio, (i) as of the last day of any Fiscal
Quarter ending prior to the First Amendment Effectiveness Date, to be greater than 3.50:1.00, (ii) as of the last
day of the first
(1st) Fiscal Quarter of 2022,
to be greater than 5.50:1.00, (iii) as of the last day of the second
(2nd) Fiscal Quarter of 20212022,
to be greater than 4.05.00:1.00,
(iv)
as of the last day of the third (3rd) Fiscal Quarter of 2022,
to be greater than 4.75:1.00, (v)
as of the last day of the fourth (4th) Fiscal quarter
of 2022, to be greater than 4.50:1.00,
and (iiivi)
as of the last day of any Fiscal Quarter ending thereafter, to be greater than 3.50:1.00; provided, that,
in each case of the foregoing clauses (d)(i), through
(d)(ii)
and (d)(iiivi),
(A) the applicable Total Leverage Ratio level shall be increased by 0.50:1.00 (a “half turn”) upon delivery
of written notice by the Borrower to the Administrative Agent (as provided below) in connection with a Designated Transaction,
for the Fiscal Quarter during which such Designated Transaction is consummated and for the two (2) subsequent Fiscal Quarters
(each such period, a “Leverage Increase Period”), and shall subsequently be decreased by 0.50:1.00
(a “half turn”) for the third (3rd) Fiscal Quarter following the Fiscal Quarter in which such Designated
Transaction was consummated, (B) there shall not be more than two (2) Leverage Increase Periods during the term
of this Agreement, and (C) in any event, the maximum Total Leverage Ratio for any Test Period shall not be increased to
be greater than, (I) with respect to any Fiscal Quarter other than the
secondfirst
(2nd1st)
Fiscal Quarter of 20212022,
4.06.00:1.00,
and (II) with respect to the second (2nd) Fiscal Quarter of 20212022,
4.55.50:1.00,
(III) with respect to the
third (3rd) Fiscal Quarter of 2022,
5.25:1.00, (IV) with respect to the fourth (4th) Fiscal Quarter of 2022, 5.00:1.00, and (V)with
respect to any Fiscal Quarter ending thereafter,
4.00:1.00. Such written notice shall be provided
on or before the date of delivery of the Compliance Certificate required under Section 7.01(d) for the most recent Fiscal
Quarter ended. For purposes of clarity, this clause (d)
shall not apply with respect to any Fiscal Quarter ending during
the FCR Period.


 






     


     


    

 



 


8.09          
Fiscal Year.


 


No Loan Party shall
change its Fiscal Year-end; provided, that, the Loan Parties may, upon written notice to the Administrative Agent,
change their Fiscal Year-end, in which case, (a) the Loan Parties and the Administrative Agent shall, and are hereby authorized
to, make any adjustments to this Agreement that are necessary to reflect such change in Fiscal Year-end, and (b) upon request by
the Administrative Agent, the Borrower shall provide to the Administrative Agent financial statements and other documents required
under this Agreement, or as requested hereunder, setting forth a reconciliation between calculations of any ratio or other requirement
made before and after giving effect to such change in Fiscal Year-end.


 


8.10          
Sanctions and Anti-Money Laundering Laws.


 


(a)               
The Borrower shall not directly or, to the knowledge of any Loan Party, indirectly use the proceeds of any Loan, or lend,
contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner, or other individual or entity, to
fund any activities of, or business with, any individual or entity, or in any Designated Jurisdiction, that, at the time of such
funding, is the subject of Sanctions, or, to the knowledge of any Loan Party, in any other manner that will result in a violation
by any individual or entity (including any individual or entity participating in the transaction, whether as Lender, Arranger,
Administrative Agent or otherwise) of Sanctions.


 


(b)               
No Loan Party or Subsidiary: (i) is under investigation by any Governmental Authority for, or has been charged with, or
convicted of, money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under
any applicable Law (collectively, “Anti-Money Laundering Laws”); (ii) has been assessed
civil penalties under any Anti-Money Laundering Laws; or (iii) has had any of its funds seized or forfeited in an action under
any Anti-Money Laundering Laws. The Parent Guarantor has taken reasonable measures appropriate to the circumstances (in any event,
as required by applicable Law), designed to ensure that each Loan Party and each Subsidiary is, and will continue to be, in compliance
with all applicable current and future Anti-Money Laundering Laws.


 


(c)                Each
Loan Party and each Subsidiary is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as
amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B,
Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) the Uniting And
Strengthening America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001),
in each case of the foregoing clauses (c)(i) and (c)(ii), to the extent that the aforementioned acts are
applicable to the Loan Parties and Subsidiaries.


 






     


     


    

 


8.11          
Anti-Corruption Laws.


 


The Borrower shall
not directly, or, to the knowledge of any Loan Party, indirectly, use the proceeds of any Loan for any purpose which would breach
the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, or other similar anti-corruption legislation
in other jurisdictions applicable to the Borrower from time to time.


 


8.12          
Use of Proceeds.


 


The Borrower shall
not use the proceeds of any Credit Extension, whether directly or indirectly, to: purchase or carry margin stock (within
the meaning of Regulation U), or extend credit to others for the purpose of purchasing or carrying margin stock, or refund indebtedness
originally incurred for such purpose.


 


8.13          
Sale and Leaseback Transactions.


 


Solely at all
times during the CSAG Period, each Loan Party will not, and will not permit any of its Subsidiaries to, directly
or indirectly, enter into any arrangement, directly or indirectly, whereby they shall sell or transfer any Property, and thereafter
rent or lease such Property or other Property that they intend to use for substantially the same purpose or purposes as the Property
being sold or transferred (any such transaction, a “Sale and Leaseback Transaction”), unless: (i) the
sale of such Property is permitted by Section 8.05; and (ii) any Liens arising in connection with its use of such Property
are permitted by Section 8.01.


 


8.14          
Restrictive Agreements.


 


Solely at all
times during the CSAG Period, each Loan Party will not, and will not permit any of its Subsidiaries to, directly
or indirectly, enter into, incur, or permit to exist any agreement or other arrangement that prohibits, restricts, or imposes any
condition upon (A) the ability of any Loan Party or Subsidiary to create, incur, or permit to exist any Lien upon any of its Property
or revenue, or (B) the ability of any Loan Party or Subsidiary other than the Parent Guarantor to pay dividends or other distributions
with respect to any of its Equity Interests, or to make or repay loans or advances to any Loan Party or Subsidiary other than the
Parent Guarantor, or to Guarantee Indebtedness of any Loan Party or Subsidiary other than the Parent Guarantor, or to transfer
Property to any Loan Party or Subsidiary other than the Parent Guarantor; provided, that, the foregoing shall not
apply to:


 


(a)               
conditions imposed by applicable Laws or by any Loan Document;


 


(b)               
with respect to clause (A) in the introductory paragraph above only: (i) Property encumbered by Permitted Liens,
so long as such restriction applies only to the Property encumbered by such Permitted Lien; (ii) customary provisions in
leases and contracts in the ordinary course of business between the Loan Parties and Subsidiaries and their customers and other
contracts restricting the assignment thereof; and (iii) restrictions existing under the Boeing Agreements;


 






     


     


    

 





(c)               
restrictions and conditions existing on the First Amendment Effectiveness Date not otherwise excepted from this Section
8.14, including any amendment or modification that does not expand the scope of any such restriction or condition in any material
respect after the First Amendment Effectiveness Date (as conclusively determined in good faith by the Borrower);


 


(d)               
any agreement in effect at the time any Person becomes a Subsidiary; provided, that, such agreement was not
entered into in contemplation of such Person becoming a Subsidiary;


 


(e)               
customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary (or the Property of a
Subsidiary) pending such sale; provided, that, such restrictions and conditions apply only to the Subsidiary
that is to be sold (or whose Property is to be sold) and such sale is permitted hereunder;


 


(f)                
restrictions and conditions: (i) pursuant to documentation governing Indebtedness incurred in compliance with Section 8.02
on terms that are consistent with, or not materially more restrictive, taken as a whole, than, the restrictions set forth herein
or otherwise consistent with market terms at the time such Indebtedness is incurred (as conclusively determined in good faith by
the Borrower); or (ii) pursuant to the Liquidity Bridge Credit Agreement;


 


(g)               
customary provisions in joint venture agreements, limited liability company operating agreements, partnership agreements,
stockholders’ agreements, asset sale agreements, agreements in respect of sales of Equity Interests and other similar agreements
entered into in connection with transactions not prohibited under this Agreement;


 


(h)               
customary provisions in purchase money obligations for Property acquired in the ordinary course of business, Capital Lease
Obligations, industrial revenue bonds or operating leases that impose encumbrances or restrictions on the Property so acquired
or covered thereby, and restrictions on cash or other deposits or net worth required by customers under contracts entered into
in the ordinary course of business; provided that, such provisions apply only to the Person (and the Equity Interests in
such Person) that is the subject thereof;


 


(i)                
customary provisions contained in leases or licenses of intellectual property rights and other similar agreements entered
into in the ordinary course of business; and


 


(j)                
restrictions and conditions pursuant to documentation governing any Permitted Incentive Program.


 


8.15          
Amendments or Waivers of Certain Documents; Prepayments of Certain Indebtedness.


 


Solely at all
times during the CSAG Period, each Loan Party will not, and will not permit any of its Subsidiaries to:


 


(a)               
directly or indirectly, amend or otherwise change, cancel, terminate, or waive the terms of any Organizational Document
of any such Person (except for amendments to any Organizational Documents to provide for new classes of Equity Interests in such
Person), in a manner materially adverse to the Lenders; or


 






     


     


    

 





(b)               
make (or give any notice or offer in respect of) any principal repayment or redemption, mandatory or voluntary prepayment,
or acquisition for value, of (including, without limitation, by way of depositing, with any trustee with respect thereto, money
or securities before such Indebtedness is due, for the purpose of paying such Indebtedness when due), or exchange of principal
of any obligation under (i) any Indebtedness incurred pursuant to Section 8.02(b)(xiv), (ii) any Indebtedness issued pursuant
to the 2021 / 2023 / 2028 Notes Indenture or the 2026 Notes Indenture, or (iii) any other unsecured Material Indebtedness or any
other Material Indebtedness that is expressly subordinated to the Obligations (in each case of this clause (b)(iii), other
than any (I) Swap Obligations, and (II) Specified Customer Loans and Advances), other than, in each case of the foregoing clauses
(b)(i) through (b)(iii): (A) pursuant to a Permitted Refinancing thereof with the proceeds of any Indebtedness permitted
hereunder; (B) customary mandatory prepayments or mandatory redemptions relating to asset sales, changes of control, fundamental
changes, or incurrence of third-party Indebtedness required pursuant to the terms of such Indebtedness; and
(C) voluntary prepayments or voluntary redemptions of such Indebtedness, provided, that, in theeach
case of this clause (b)(C), (I) no Default or Event of Default shall exist at the time thereof, or immediately after giving
effect thereto, (II) the Senior SecuredFirst
Lien Leverage Ratio shall be at least 0.50:1.00 (a “half turn”) less than the Senior
SecuredFirst Lien Leverage Ratio required
for the last ended Test Period, measured on a Pro Forma Basis after giving effect thereto, to
the extent applicable, and (III) the Loan Parties and Subsidiaries shall otherwise be in compliance with all applicable
Financial Covenants in effect at such time, measured on a Pro Forma Basis after giving effect thereto;
and (D) upon conversion or exchange of any Permitted Convertible / Exchangeable Indebtedness.


 


For the avoidance of
doubt, notwithstanding anything to the contrary in this Agreement or in any other Loan Document, the Loan Parties will be permitted
to make principal repayment, mandatory redemptions, and/or mandatory or voluntary prepayments, in whole or in part, with respect
to any Indebtedness incurred pursuant to Section 8.02(b)(xv) above.


 


ARTICLE
IX



EVENTS OF DEFAULT AND REMEDIES


 


9.01          
Events of Default.


 


Each of the following
events or occurrences described in this Section 9.01 shall constitute (x) an “Event of Default”,
if any Loans, L/C Borrowings or Letters of Credit are outstanding, and (y) an “Event of Termination”,
if no Loans, L/C Borrowings or Letters of Credit are outstanding:


 


(a)               
the Borrower shall default: (i) in the payment when due of any principal of any Loan (including, without limitation, on
any scheduled principal payment date) or any reimbursement obligation in respect of any L/C Borrowing; (ii) in the payment when
due of any interest on any Loan (and such default shall continue unremedied for a period of three (3) Business Days); or (iii)
in the payment when due of the Revolving Commitment Fee, the DDTL Commitment Fee, or any other fee described in Section 2.09,
or of any other previously invoiced amount required to be paid under the Loan Documents (other than an amount described in clauses (a)(i)
and (a)(ii) above) payable under this Agreement or any other Loan Document (and such default shall continue unremedied for
a period of five (5) Business Days); or


 


(b)                any
representation or warranty of any Loan Party made, or deemed to be made, hereunder or in any other Loan Document, or in any
other agreement, certificate or notice furnished by, or on behalf of, any Loan Party to the Administrative Agent, the
Collateral Agent, any L/C Issuer, or any Lender for the purposes of, or in connection with, this Agreement, or any such other
Loan Document, is, or shall be, incorrect in any material respect (provided, that, any representation or
warranty that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct
in all respects) when made or deemed made; or


 






     


     


    

 


(c)               
the Borrower shall default in the due performance and observance of any of its obligations under Section 7.01(f),
Section 7.07 (with respect to the maintenance and preservation of any Loan Party’s corporate existence), Section
7.08, Section 7.16 or Article VIII; or


 


(d)               
any Loan Party shall default in the due performance and observance of any agreement (other than those specified in clauses (a)
through (c) above) contained herein or in any other Loan Document, and such default shall continue unremedied for a period
of thirty (30) days after the earlier of: (i) the date such default became known to a Responsible Officer of a Loan Party;
and (ii) delivery of notice thereof to a Loan Party from the Administrative Agent (which notice will be given at the request of
any Lender); or


 


(e)               
a default shall occur (i) in the payment when due, whether by acceleration or otherwise, of any Material Indebtedness, or
(ii) in the performance or observance of any obligation or condition with respect to any Material Indebtedness, if the effect of
such default referred to in this clause (e)(ii) is to accelerate the maturity of any such Material Indebtedness, or
that enables or permits the holder or holders of any such Material Indebtedness, or any trustee or agent on its or their behalf,
to cause any such Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof,
prior to its scheduled maturity (in the case of both clauses (e)(i) and (e)(ii) above, subject to any applicable
grace period or cure period, as well as any applicable requirement for notice of default, under the definitive documentation for
such Material Indebtedness); or


 


(f)                
any judgment or order (or combination of judgments and orders) for the payment of money equal to, or in excess of, One-Hundred
Million Dollars ($100,000,000) (other than amounts covered by (A) insurance for which the insurer thereof has been notified of
such claim and has not challenged such coverage, or (B) valid third-party indemnifications for which the indemnifying party thereof
has been notified of such claim and has not challenged such indemnification), individually or in the aggregate, shall be rendered
by a court or Governmental Authority against any Loan Party or Subsidiary (or any combination thereof), which judgment or order
remains undischarged, un-waived, unstayed, unbonded or unsatisfied for a period of sixty (60) consecutive days; or


 


(g)               
any of the following events shall occur with respect to any Pension Plan: (i) the taking of any specific actions by a Loan
Party, any ERISA Affiliate, or any other Person to terminate a Pension Plan if, as a result of such termination, a Loan Party or
any ERISA Affiliate would reasonably be expected to incur a liability or obligation to such Pension Plan which would reasonably
be expected to have a Material Adverse Effect; or (ii) an ERISA Event, or noncompliance with respect to Foreign Plans, shall have
occurred that gives rise to a Lien on the Property of any Loan Party or Subsidiary that, when taken together with all other ERISA
Events and noncompliance with respect to Foreign Plans that have occurred, would reasonably be expected to have a Material Adverse
Effect; or


 


(h)               
any Change in Control shall occur; or


 






     


     


    

 


(i)                 any
Loan Party or Significant Subsidiary shall: (i) become insolvent or generally fail to pay debts as they become due; (ii)
apply for, consent to, or acquiesce in the appointment of, a trustee, receiver, sequestrator or other custodian for any Loan
Party or any such Significant Subsidiary, or substantially all of the Property of any thereof, or make a general assignment
for the benefit of creditors; (iii) in the absence of such application, consent or acquiescence, permit, or suffer to exist
the appointment of a trustee, receiver, sequestrator or other custodian for any Loan Party or Significant Subsidiary, or for
a substantial part of the Property of any thereof, and such trustee, receiver, sequestrator or other custodian shall not
be discharged or stayed within sixty (60) days, provided, that, each Loan Party and each Significant Subsidiary
hereby expressly authorizes the Administrative Agent and each Lender to appear in any court conducting any relevant
proceeding during such sixty (60) day period to preserve, protect and defend their rights under the Loan Documents; (iv)
permit, or suffer to exist, the commencement of any bankruptcy, reorganization, debt arrangement or other case or proceeding
under any bankruptcy or insolvency Law, or any dissolution, winding up or liquidation proceeding, in respect of any Loan
Party or Significant Subsidiary, and, if any such case or proceeding is not commenced by such Loan Party or
Significant Subsidiary, such case or proceeding shall be consented to, or acquiesced in, such Loan Party or Significant
Subsidiary, or shall result in the entry of an order for relief, or shall remain for sixty (60) days undismissed and
unstayed, provided, that, each Loan Party and Significant Subsidiary hereby expressly authorizes the
Administrative Agent and each Lender to appear in any court conducting any such case or proceeding during such sixty (60)
period to preserve, protect and defend their rights under the Loan Documents; or (v) take any corporate or partnership action
(or comparable action, in the case of any other form of legal entity) authorizing any of the foregoing; or


 


(j)                
the obligations of (i) the Parent Guarantor under its Guaranty, at any time, or (ii) any Guarantor other than the Parent
Guarantor under its Guaranty, solely at all times during the CSAG Period, in each case of the foregoing clauses
(j)(i) and (j)(ii), shall cease to be in full force and effect, or any Guarantor shall repudiate in writing its obligations
thereunder in effect at such time; or


 


(k)               
any Lien created, or purported to be created, on any material portion of Collateral under any Collateral Document solely
at all times during the CSAG Period shall fail or cease to be, or shall be asserted by any Loan Party not to be,
a valid and perfected Lien, with the priority required by the applicable Collateral Document, except to the extent that any such
loss of perfection or priority results from: (i) the limitations of foreign laws, rules and regulations as they apply to pledges
of Equity Interests in First-Tier Foreign Subsidiaries or the application thereof; (ii) the failure of the Collateral Agent to
maintain possession of certificates actually delivered to it representing securities pledged under the Security Agreement or another
Collateral Document; or (iii) the failure of the Collateral Agent to file Uniform Commercial Code continuation statements; or


 


(l)                
solely at all times during the CSAG Period, the public announcement by Boeing of the termination or permanent
cessation of the Boeing 737 MAX Program.


 


9.02          
Action if Bankruptcy.


 


If any Event of Default
described in Section 9.01(i) shall occur, the Commitments (if not theretofore terminated) shall automatically terminate,
the Borrower shall automatically be required to Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding
Amount thereof), and the outstanding principal amount of all outstanding Loans and all other Obligations shall automatically be
and become immediately due and payable, without notice or demand, all of which are hereby waived by the Borrower.


 


9.03          
Action if Other Event of Default.


 


If any Event of
Default (other than any Event of Default described Section 9.01(i)) shall occur for any reason, whether voluntary
or involuntary, and be continuing, the Administrative Agent, upon the direction of the Requisite Lenders, shall, by written
notice to the Borrower and each Lender, require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal
to the then Outstanding Amount thereof) and declare all, or any portion, of the outstanding principal amount of the Loans and
other Obligations to be due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon
the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable, shall be and become
immediately due and payable, without further notice, demand or presentment, and/or, as the case may be, the Commitments shall
terminate.


 






     


     


    

 


9.04          
Action if Event of Termination.


 


Upon the occurrence
and continuation of any Event of Termination, the Requisite Revolving Lenders may, by notice from the Administrative Agent to the
Borrower and the Lenders (except if an Event of Termination described in Section 9.01(i) shall have occurred, in which
case, the Commitments (if not theretofore terminated) shall, without notice of any kind, automatically terminate) require that
the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof) and declare their
Commitments terminated, and, upon such declaration, the Lenders shall have no further obligation to make any Loans hereunder. Upon
such termination of the Commitments, all accrued fees and expenses shall be immediately due and payable.


 


9.05          
Application of Proceeds.


 


After the exercise
of remedies provided for in this Article IX (or after the Loans have automatically become immediately due and payable, and
the L/C Obligations have automatically been required to be Cash Collateralized, as set forth in this Article IX), any amounts
received on account of the Obligations shall, subject to the provisions of Section 2.14 and Section 2.15, be applied
by the Administrative Agent in the following order:


 


(a)               
First, to the payment of all reasonable costs and expenses, fees, commissions and taxes of such sale, collection
or other realization, including compensation to the Administrative Agent and its agents and counsel, and all expenses, liabilities
and advances made or incurred by the Administrative Agent in connection therewith, and all amounts for which the Administrative
Agent is entitled to indemnification pursuant to the provisions of any Loan Document, together with interest on each such amount
at the highest rate then in effect under this Agreement from and after the date such amount is due, owing or unpaid until paid
in full;


 


(b)               
Second, to the payment of all other reasonable costs and expenses of such sale, collection or other realization,
including compensation to the other Loan Document Secured Parties and their agents and counsel, and all costs, liabilities and
advances made or incurred by the other Loan Document Secured Parties in connection therewith, together with interest on each such
amount at the highest rate then in effect under this Agreement from and after the date such amount is due, owing or unpaid until
paid in full;


 


(c)               
Third, without duplication of amounts applied pursuant to clauses (a) and (b) above, to the
payment in full in cash, pro rata, to payment of that portion of the Obligations constituting accrued and unpaid Letter
of Credit Fees and interest on the Loans and L/C Borrowings and fees, premiums and any interest accrued due under any Guaranteed
Swap Contract, payments of interest due under any Guaranteed Treasury Management Agreement ratably among the Lenders, Swap Banks,
Treasury Management Banks and the L/C Issuers;


 





(d)               
Fourth, to the payment in full in cash, pro rata, of that portion of the Obligations constituting accrued
and unpaid principal of the Loans, L/C Borrowings and Additional Obligations then owing under Guaranteed Treasury Management Agreements
and Guaranteed Swap Contracts, and to the Administrative Agent for the account of the L/C Issuers, to Cash Collateralize that portion
of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit, ratably among the Lenders, Swap Banks, Treasury
Management Banks and the L/C Issuers; and


 


(e)               
Fifth, the balance, if any, to the person lawfully entitled thereto (including the applicable Loan Party or
its successors or assigns) or as a court of competent jurisdiction may direct;


 






     


     


    

 


provided, that, notwithstanding
anything to the contrary in the foregoing, solely at all times during the CSAG Period, any proceeds of the Collateral,
when received by the Collateral Agent or any Secured Party, will be applied in reduction of the Secured Obligations in the order
set forth in Section 9 of the Security Agreement.


 


In the event that any
such amounts are insufficient to pay in full the items described in clauses (a) through (e) above, the Loan
Parties shall remain liable, jointly and severally, for any deficiency. Subject to Section 2.03(c) and Section 2.14,
amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to the Fourth clause
above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash
Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other
Obligations, if any, in the order set forth above. Excluded Swap Obligations with respect to any Guarantor shall not be
paid with amounts received from such Guarantor or from such Guarantor’s Property, but appropriate adjustments shall be made
with respect to payments from the Borrower to preserve the allocation to Obligations otherwise set forth above in this Section 9.05.


 


Notwithstanding anything
to the contrary in the foregoing, Additional Obligations arising under Guaranteed Treasury Management Agreements and Guaranteed
Swap Contracts (other than, for purposes of clarity, Guaranteed Treasury Management Agreements and Guaranteed Swap Contracts entered
into by the Administrative Agent) shall be excluded from the application described above if the Administrative Agent has not
received a Guaranteed Party Designation Notice, together with such supporting documentation as the Administrative Agent may request,
from the applicable Treasury Management Bank or Swap Bank, as the case may be (unless such Treasury Management Bank or Swap Bank
is the Administrative Agent or an Affiliate thereof). Each Treasury Management Bank or Swap Bank not a party to this Agreement
that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted
the appointment of the Administrative Agent pursuant to the terms of Article X for itself and its Affiliates as if a “Lender”
party hereto.


 


ARTICLE
X



ADMINISTRATIVE AGENT


 


10.01       
Appointment and Authority.


 


Each of the
Lenders and the L/C Issuers hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent
hereunder and under the other Loan Documents, and authorizes the Administrative Agent to take such actions on its behalf and
to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such
actions and powers as are incidental thereto. The provisions of this Article X (except for Section 10.06) are solely
for the benefit of the Administrative Agent, the Lenders and the L/C Issuers, and neither the Borrower nor any Guarantor
shall have rights as a third-party beneficiary of any of such provisions. It is understood and agreed that the use of the
term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the
Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect
only an administrative relationship between contracting parties.


 






     


     


    

 


The Administrative
Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its
capacities as a potential Swap Bank and a potential Treasury Management Bank) and each L/C Issuer hereby irrevocably appoints and
authorizes the Collateral Agent to act as the agent of such Lender and the L/C Issuer for purposes of acquiring, holding and enforcing
any and all Liens on the Collateral granted by any Loan Party to secure any of the Secured Obligations, together with such powers
and discretion as are reasonably incidental thereto, and each of the Lenders (including in its capacities as a potential Swap Bank
and a potential Treasury Management Bank) and each L/C Issuer hereby acknowledges that the Collateral Agent shall acquire, hold
and enforce any and all Liens on the Collateral for the benefit of all Secured Parties, including the 2026 Noteholders. In connection
with the foregoing, the Collateral Agent, as “collateral agent”, together with any co-agents, sub-agents and/or attorneys-in-fact
appointed by the Collateral Agent pursuant to Section 10.05 for purposes of holding or enforcing any Lien on Collateral
(or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder, at the discretion
of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article X and Article XI
(including, without limitation, Section 11.04(c), as though such co-agents, sub-agents and/or attorneys-in-fact were the
 “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. Without
limiting any of the foregoing, the Lenders hereby authorize the Collateral Agent to negotiate, execute and enter into, on behalf
of the Lenders, any intercreditor agreement(s) and/or subordination agreement(s), or any amendments or amendments and restatements
to, waivers of, or supplements to, or other modifications of, any intercreditor agreement or subordination agreement, in each case,
in form and substance reasonably acceptable to the Collateral Agent, and the Lenders hereby agree to be subject to any such intercreditor
agreement or subordination agreement.


 


10.02       
Rights as a Lender.


 


The Person serving
as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and
may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative
Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities
of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan
Party or Subsidiary, or other Affiliate thereof, as if such Person were not the Administrative Agent hereunder and without any
duty to account therefor to the Lenders.


 


10.03       
Exculpatory Provisions.


 


The Administrative
Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its
duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent:


 





(a)               
shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;


 


(b)               
shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights
and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as
directed in writing by the Requisite Lenders (or such other number or percentage of the Lenders as shall be expressly provided
for herein or in the other Loan Documents); provided, that, the Administrative Agent shall not be required to take
any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary
to any Loan Document or applicable Law, including, for the avoidance of doubt, any action that may be in violation of the automatic
stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of Property of a Defaulting Lender
in violation of any Debtor Relief Law; and


 


(c)               
shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not
be liable for the failure to disclose, any information relating to any Loan Party or any of its Affiliates that is communicated
to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.


 






     


     


    

 


The Administrative
Agent shall not be liable for any action taken, or not taken, by it: (i) with the consent or at the request of the Requisite Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good
faith shall be necessary, under the circumstances as provided in Section 11.01, Section 9.02, Section 9.03
and Section 9.04); or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of
competent jurisdiction by final, non-appealable judgment. The Administrative Agent shall be deemed not to have knowledge of any
Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrower, a Lender
or an L/C Issuer.


 


The Administrative
Agent shall not be responsible for or have any duty to ascertain or inquire into: (i) any statement, warranty or representation
made in or in connection with this Agreement or any other Loan Document; (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder, or in connection herewith or therewith; (iii) the performance or observance of any
of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default; (iv) the
validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument
or document; or (v) the satisfaction of any condition set forth in Article V or elsewhere herein, other than to confirm
receipt of items expressly required to be delivered to the Administrative Agent.


 


10.04       
Reliance by Administrative Agent.


 


The
Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or
intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by
telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon.
In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or
increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the
Administrative Agent may presume that such condition is satisfactory to such Lender or such L/C Issuer unless the
Administrative Agent shall have received notice to the contrary from such Lender or such L/C Issuer prior to the making of
such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be
counsel for the Loan Parties), independent accountants and other experts selected by it, and shall not be liable for any
action taken, or not taken, by it in accordance with the advice of any such counsel, accountants or experts.


 


10.05       
Delegation of Duties.


 


The Administrative
Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or
through any one (1) or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Article X shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and
any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities
provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence
or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final, non-appealable
judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.


 






     


     


    

 


10.06       
Resignation of Administrative Agent.


 


(a)               
The Administrative Agent may, at any time, give notice of its resignation to the Lenders, the L/C Issuers and the Borrower.
Upon receipt of any such notice of resignation, the Requisite Lenders shall have the right, with the written consent of Borrower
(not to be unreasonably withheld, conditioned or delayed), so long as no Specified Event of Default has occurred or is continuing,
to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office
in the United States. If no such successor shall have been appointed by the Requisite Lenders as provided above and shall have
accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation (or such
earlier day as shall be agreed by the Requisite Lenders) (the “Resignation Effective Date”), then the
retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders and the L/C Issuers, appoint a successor
Administrative Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation
shall become effective in accordance with such notice on the Resignation Effective Date.


 


(b)               
If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition of
 “Defaulting Lender” in Section 1.01, the Requisite Lenders may, to the extent permitted by applicable
Law by notice in writing to the Borrower and such Person remove such Person as the Administrative Agent and, with the written consent
of the Borrower (not to be unreasonably withheld, conditioned or delayed) so long as no Specified Event of Default has occurred
or is continuing, appoint a successor. If no such successor shall have been so appointed by the Requisite Lenders as provided above
and shall have accepted such appointment within thirty (30) days (or such earlier day as shall be agreed by the Requisite Lenders)
(the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with
such notice on the Removal Effective Date.


 


(c)                With
effect from the Resignation Effective Date or the Removal Effective Date (as applicable): (i) the retiring or removed
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents; and
(ii) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all
payments, communications and determinations provided to be made by, to, or through the Administrative Agent shall instead be
made by or to each Lender and each L/C Issuer directly, until such time, if any, as the Requisite Lenders appoint a successor
Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent
hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the
retiring or removed Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to
indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date
or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all
of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided
above in this Section 10.06). The fees payable by the Borrower to a successor Administrative Agent shall be the same
as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or
removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of
this Article X and Section 11.04 shall continue in effect for the benefit of such retiring or removed
Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be
taken by any of them while the retiring Administrative Agent was acting as Administrative Agent.


 






     


     


    

 


Any resignation by,
or removal of, Bank of America as Administrative Agent pursuant to this Section 10.06 shall also constitute its resignation
or removal as an L/C Issuer and a Swing Line Lender. If Bank of America resigns as an L/C Issuer, it shall retain all the rights,
powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective
date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Lenders
to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c). If Bank of America
resigns as a Swing Line Lender, it shall retain all the rights of a Swing Line Lender provided for hereunder with respect to Swing
Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders
to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the
appointment by the Borrower of a successor L/C Issuer or Swing Line Lender hereunder (which successor shall in all cases be a Lender
other than a Defaulting Lender): (a) such successor shall succeed to and become vested with all of the rights, powers, privileges
and duties of the retiring L/C Issuer or Swing Line Lender, as applicable; (b) the retiring L/C Issuer and Swing Line Lender shall
be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents; and (c) the successor
L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession
or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect
to such Letters of Credit.


 


10.07       
Non-Reliance on Administrative Agent and Other Lenders.


 


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


 





10.08       
No Other Duties; Etc.


 


Anything herein to
the contrary notwithstanding, none of the bookrunners, arrangers, syndication agents, documentation agents or co-agents shall have
any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable,
as the Administrative Agent, a Lender or an L/C Issuer hereunder.


 


10.09       
Administrative Agent May File Proofs of Claim.


 


In case of the pendency
of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation
shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:


 






     


     


    

 


(a)               
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C
Obligations and all other Obligations (other than obligations under Swap Contracts or Treasury Management Agreements to which the
Administrative Agent is not a party) that are owing and unpaid and to file such other documents as may be necessary or advisable
in order to have the claims of the Lenders, the L/C Issuers and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and their respective
agents and counsel and all other amounts due the Lenders, the L/C Issuers and the Administrative Agent under Section 2.03(h),
Section 2.03(i), Section 2.09 and Section 11.04) allowed in such judicial proceeding; and


 


(b)               
to collect and receive any monies or other Property payable or deliverable on any such claims and to distribute the same;


 


and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
and each L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the Administrative Agent any amount due for
the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any
other amounts due the Administrative Agent under Section 2.09 and Section 11.04.


 


Nothing contained herein
shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or
any L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any
Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.


 


10.10       
Collateral and Guaranty Matters.


 


(a)               
Each of the Lenders (including in its capacities as a potential Swap Bank and a potential Treasury Management Bank) and
the L/C Issuers irrevocably authorize:


 





(i)            
the Collateral Agent, and the Collateral Agent shall hereby have the obligation, upon request by the applicable Loan Party,
to:


 


(A)             
release any Lien on any Property granted to, or held by, the Collateral Agent under any Loan Document: (I) upon the Collateral
and Subsidiary Guaranty Release Date; (II) upon the sale or disposal of any such Property in connection with an Asset Sale permitted
under Section 8.05; (III) if approved, authorized or ratified in writing by the Requisite Lenders in accordance with Section
11.01; (IV) upon any Collateral becoming Excluded Property (other than with respect to any Mortgaged Property during the CSAG
Period, unless such Mortgaged Property constitutes Excluded Property under clause (c), clause (d) (other than as
a result of contractual limitations entered into after the First Amendment Effectiveness Date created in contemplation of this
Agreement in order that such Mortgaged Property would constitute “Excluded Property”) or clause (v) under
the definition of “Excluded Property” in Section 1.01, in each case, except with respect to any Mortgaged
Property that constitutes Excluded Property pursuant to clause (d) (other than, with respect to clause (d)(ii), as
a result of contractual limitations) or clause (v) of the definition of “Excluded Property” in Section
1.01, so long as no Specified Event of Default exists at the time such release is requested by the applicable Loan Party);
or (V) upon payment in full of the Obligations (other than contingent indemnification obligations under the Loan Documents that
are not then due or claimed) and the termination of this Agreement; and


 






     


     


    

 


(B)             
subordinate any Lien on any Property granted to, or held by, the Collateral Agent under any Loan Document to the holder
of any Lien on such Property that is permitted by Section 8.01(t).


 


(ii)                       
the Administrative Agent, and the Administrative Agent shall hereby have the obligation, upon request by the applicable
Loan Party, to release any Guarantor (other than the Parent Guarantor, except in the case of clause (a)(ii)(E) below) from
its obligations under the Guaranty: (A) upon the Collateral and Subsidiary Guaranty Release Date; (B) if such Guarantor ceases
to be a Subsidiary of the Parent Guarantor as a result of a transaction permitted under the Loan Documents; (C) if approved, authorized
or ratified in writing by the Requisite Lenders in accordance with Section 11.01; (D) upon such Guarantor becoming an Excluded
Subsidiary by operation of clause (a), clause (b) (solely with respect to a prohibition by applicable
Law and not as a result of a contractual obligation) or clause (g) of the definition of “Excluded Subsidiary”;
or (E) upon payment in full of the Obligations (other than contingent indemnification obligations under the Loan Documents that
are not then due or claimed) and the termination of the Commitments.


 


(b)               
Upon request by (i) the Collateral Agent, the Requisite Lenders will confirm in writing the Collateral Agent’s authority
to release and/or subordinate its interest in the particular type(s) and/or item(s) of Property specified by the Collateral Agent,
and (ii) the Administrative Agent, the Requisite Lenders will confirm in writing the Administrative Agent’s authority to
release any Guarantor (other than the Parent Guarantor) from its obligations under the Guaranty, in each case of the foregoing
clauses (b)(i) and (b)(ii), pursuant to this Section 10.10, it being understood that no such confirmation
is required in order for the Administrative Agent to take such action.


 


(c)                In
connection with the foregoing provisions of this Section 10.10, (i) the Collateral Agent will execute and deliver to
all applicable Persons such documents as the Loan Parties may reasonably request to evidence, and give effect to, the release
of all Liens on Property of the Loan Parties (including the Collateral) pursuant to the Collateral Documents, and (ii) the
Administrative Agent will execute and deliver to all applicable Persons such documents as the Loan Parties may reasonably
request to evidence, and to give effect to, the release from the Guaranty of all Guarantors (other than the Parent
Guarantor), in each case of the foregoing clauses (c)(i) and (c)(ii), in accordance with the terms of the Loan
Documents and this Section 10.10 and at the Borrower’s sole expense.


 


(d)               
The Collateral Agent shall not be responsible for, or have any duty to ascertain or inquire into, any representation
or warranty regarding the existence, value or collectability of any Collateral, the existence, priority or perfection of the Collateral
Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Collateral Agent
be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.


 


10.11       
ERISA Matters.


 


(a)               
Each Lender (I) represents and warrants, as of the date such Person became a Lender party hereto, to, and (II) covenants,
from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent, each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to, or
for the benefit of, the Borrower or any other Loan Party, that at least one (1) of the following is and will be true:


 


(i)                       
such Lender is not using “plan assets” (within the meaning of 29 CFR §–2510.3–101, as modified
by Section 3(42) of ERISA) of one (1) or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments;


 






     


     


    

 


(ii)                       
the transaction exemption set forth in one (1) or more PTEs, such as PTE 84–14 (a class exemption for certain transactions
determined by independent qualified professional asset managers), PTE 95–60 (a class exemption for certain transactions involving
insurance company general accounts), PTE 90–1 (a class exemption for certain transactions involving insurance company pooled
separate accounts), PTE 91–38 (a class exemption for certain transactions involving bank collective investment funds) or
PTE 96–23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect
to such Lender’s entrance into, participation in, administration of, and performance of the Loans, the Letters of Credit,
the Commitments and this Agreement;


 


(iii)                       
(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning
of Part VI of PTE 84–14); (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender
to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement; (C)
the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and
this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84–14; and (D) to the best knowledge
of such Lender, the requirements of subsection (a) of Part I of PTE 84–14 are satisfied with respect to such Lender’s
entrance into, participation in, administration of, and performance of the Loans, the Letters of Credit, the Commitments and this
Agreement; or


 


(iv)                       
such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender.


 


(b)                In
addition, unless clause (a)(i) above is true with respect to a Lender, or such Lender has not provided another
representation, warranty and covenant as provided in clause (a)(iv) above, such Lender further (I) represents and
warrants, as of the date such Person became a Lender party hereto, to, and (II) covenants, from the date such Person became a
Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent,
each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to, or for the benefit of, the
Borrower or any other Loan Party, that:


 


(i)                       
none of the Administrative Agent, any Arranger, or any of their respective Affiliates is a fiduciary with respect to the
Property of such Lender (including, without limitation, in connection with the reservation or exercise of any rights by the Administrative
Agent under this Agreement, any Loan Document, or any documents related to hereto or thereto);


 


(ii)                       
the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is independent (within
the meaning of 29 CFR §–2510.3–21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer
or other person that holds, or has under management or control, total assets of at least Fifty Million Dollars ($50,000,000),
in each case, as described in 29 CFR §–2510.3-21(c)(1)(i)(A)–(E);


 


(iii)                       
the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of, and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is capable of evaluating
investment risks independently, both in general and with regard to particular transactions and investment strategies (including
in respect of the Obligations);


 






     


     


    

 


(iv)                       
the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of, and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is a fiduciary under
ERISA or the Internal Revenue Code, or both, with respect to the Loans, the Letters of Credit, the Commitments and this Agreement
and is responsible for exercising independent judgment in evaluating the transactions hereunder; and


 


(v)                       
no fee or other compensation is being paid directly to the Administrative Agent, any Arranger or any their respective Affiliates
for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments or this
Agreement.


 


(c)               
The Administrative Agent and each Arranger hereby informs the Lenders that each such Person is not undertaking to provide
impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby,
and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof:
(iii) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement;
(iv) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments for an amount less than the
amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender; or (v) may receive fees
or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring
fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative
agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate
transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination
fees or fees similar to the foregoing.


 


10.12       
Guaranteed Treasury Management Agreements and Guaranteed Swap Contracts.


 


Except as otherwise
expressly set forth herein, no Treasury Management Bank or Swap Bank that obtains the benefit of Section 9.05 or the Guaranty
by virtue of the provisions hereof or any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions
of Section 2.14 shall have any right to notice of any action or to consent to, direct or object to any action hereunder
or under any other Loan Document (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof
or of the Guaranty or any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.14)
other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding
any other provision of this Article X to the contrary, the Administrative Agent shall not be required to verify the payment
of, or that other satisfactory arrangements have been made with respect to, Additional Obligations arising under Guaranteed Treasury
Management Agreements and Guaranteed Swap Contracts except to the extent expressly provided herein and unless the Collateral Agent
has received a Guaranteed Party Designation Notice of such Obligations pursuant to Section 9.05, together with such supporting
documentation as the Administrative Agent may request, from the applicable Treasury Management Bank or Swap Bank, as the case may
be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have
been made with respect to, Additional Obligations arising under Guaranteed Treasury Management Agreements and Guaranteed Swap Contracts
in the case of the Final Maturity Date.


 






     


     


    

 


ARTICLE
XI



MISCELLANEOUS


 


11.01       
Amendments, Etc.


 


Subject, in each case,
to Section 3.03, no amendment, modification or waiver of any provision of this Agreement or any other Loan Document, and
no consent to any departure by the any Loan Party therefrom, shall be effective, unless in writing signed by the Requisite Lenders
(except as provided in the last proviso to this Section 11.01) and the Loan Parties, and acknowledged by the Administrative
Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which
given; provided, that:


 


(a)               
no such amendment, waiver or consent shall:


 


(i)                       
extend or increase the Commitment of a Lender (or reinstate any Commitment terminated pursuant to Section 9.02, Section
9.03 or Section 9.04, as applicable) without the written consent of such Lender whose Commitment is being extended or
increased (it being understood and agreed that a waiver of any condition precedent set forth in Section 5.02 or of any Default
or a mandatory reduction in Commitments is not considered an extension or increase in Commitments of any Lender);


 


(ii)                       
postpone any date fixed by this Agreement or any other Loan Document for any payment of principal (excluding mandatory prepayments),
interest, fees or other amounts due to the Lenders (or any of them) without the written consent of each Lender entitled to receive
such payment;


 





(iii)                       
reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause
(i) of the final proviso to this Section 11.01) any fees or other amounts payable hereunder or under any other Loan
Document, without the written consent of each Lender entitled to receive such payment of principal, interest, fees or other amounts;
provided, that, only the consent of the Requisite Lenders shall be necessary to (A) amend the definition of “Default
Rate” in Section 1.01, (B) waive any obligation of the Borrower to pay interest or Letter of Credit Fees at the
Default Rate, or (C) to amend any Financial Covenant (or any defined term used therein), even if the effect of such amendment
would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce any fee payable hereunder;


 


(iv)                       
change any provision of this clause (a) or the definition of “Requisite Lenders” in Section
1.01, the definition of “Requisite Revolving Lenders” in Section 1.01, or any other provision hereof
specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination
or grant any consent hereunder without the written consent of each Lender directly affected thereby;


 


(v)                       
change Section 2.13 or Section 9.05 in a manner that would alter the pro rata sharing of payments required
thereby without the written consent of each Lender directly affected thereby;


 


(vi)                       
release the Borrower or the Parent Guarantor without the written consent of each Lender directly affected thereby (except
in the event of the merger of the Borrower into the Parent Guarantor following the receipt of all reasonably requested documentation
and other information in connection with applicable “know your customer” and anti-money-laundering rules and regulations,
including the Act, and the Beneficial Ownership Regulation);


 


(vii)                       
without the consent of the Lenders (other than Defaulting Lenders) holding, in aggregate, at least a majority of
the Revolving Commitments (or, if the Revolving Commitments have expired or been terminated, the outstanding Revolving Loans (and
participations in any Swing Line Loans and L/C Obligations) (the “Requisite Revolving Lenders”): (i)
waive any Default or Event of Default for purposes of Section 5.02 for purposes of any Borrowing of Revolving Loans or L/C
Credit Extension; (ii) amend, change or waive Section 2.01(a), Section 2.02, Section 2.03, Section 2.05(b)(i)
or Section 2.06, in each case, solely to the extent any such amendment, change or waiver relates to Revolving Loans,
any Borrowing thereof or the Revolving Commitments; or (iii) amend or change any provision of this clause (a)(vii);


 






     


     


    

 


(viii)                       
until the Delayed Draw Term Loans have been drawn in full or the Delayed Draw Term Loan Commitments have expired or been
terminated or have expired, without the consent of Lenders (other than Defaulting Lenders) holding, in aggregate, at least
a majority of the unused amount of the Aggregate Delayed Draw Term Loan Commitments that are undrawn (the “Requisite
DDTL Lenders”): (i) waive any Default or Event of Default for purposes of Section 5.02 for purposes of any
Borrowing of Delayed Draw Term Loans; (ii) amend, change or waive Section 2.01(c), Section 2.02 or Section 2.06,
in each case, solely to the extent any such amendment, change or waiver relates to the Delayed Draw Term Loans, any Borrowing
thereof or the Delayed Draw Term Loan Commitments; or (iii) amend or change any provision of this clause (a)(viii);


 





(b)               
unless also signed by the applicable L/C Issuer, no amendment, waiver or consent shall affect the rights or duties of such
L/C Issuer in its capacity as such under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be
issued by it;


 


(c)               
unless also signed by the applicable Swing Line Lender, no amendment, waiver or consent shall affect the rights or duties
of such Swing Line Lender in its capacity as such under this Agreement; and


 


(d)               
unless also signed by the Administrative Agent, no amendment, waiver or consent shall affect the rights or duties of the
Administrative Agent in its capacity as such under this Agreement or any other Loan Document;


 


provided, that, notwithstanding
anything to the contrary herein: (i) any Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed
only by the parties thereto; (ii) no Defaulting Lender shall have any right to approve or disapprove of any amendment, waiver or
consent hereunder (and any amendment, waiver or consent that, by its terms, requires the consent of all Lenders or each affected
Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), provided, that,
(A) the Commitment of any Defaulting Lender may not be increased or extended, the principal of any Loans owing to any Defaulting
Lender may not be reduced, and the Final Maturity Date of any Loan or Commitment of any Defaulting Lender may not
be extended, in each of the foregoing cases, without the consent of such Lender, and (B) any waiver, amendment or modification
requiring the consent of all Lenders or each affected Lender that, by its terms, affects any Defaulting Lender disproportionately
adversely relative to other affected Lenders shall require the consent of such Defaulting Lender; (iii) an Increase Joinder executed
by the Borrower, the Administrative Agent, and each Lender making the applicable increased Revolving Commitment may, without the
consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents to the extent necessary and
appropriate to effect the provisions of Section 2.01(d)(i); (iv) an Add-On Term Loan Lender Joinder Agreement executed by
the Borrower, the Administrative Agent and each Lender making the applicable Add-On Term Loan may, without the consent of any other
Lenders, effect such amendments to this Agreement and the other Loan Documents to the extent necessary and appropriate to effect
the provisions of Section 2.01(d)(ii); (v) as to any amendment, amendment and restatement or other modifications otherwise
approved in accordance with this Section 11.01, it shall not be necessary to obtain the consent or approval of any Lender
that, upon giving effect to such amendment, amendment and restatement or other modification, would have no Commitment or outstanding
Loans so long as such Lender receives payment in full of the principal of and interest accrued on each Loan made by, and all other
amounts owing to, such Lender or accrued for the account of such Lender under this Agreement and the other Loan Documents at the
time such amendment, amendment and restatement or other modification becomes effective; (vi) the Administrative Agent and the Borrower
may make amendments contemplated by Section 3.03; and (vii) any amendment, waiver, supplement or modification that, by its
terms, affects the rights or duties of Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding
Loans or Commitments of any other Class) will require only the requisite percentage in interest of the affected Class of
Lenders that would be required to consent thereto as if such Class of Lenders were the only Class of Lenders.


 






     


     


    

 


Notwithstanding
anything to the contrary herein or in any other Loan Document, the Administrative Agent and the Borrower may amend, modify or
supplement this Agreement or any other Loan Document to: (I) cure or correct administrative or technical errors or omissions
or any ambiguity, mistake, defect, inconsistency, obvious error or to make any necessary or desirable administrative or
technical change, and such amendment shall become effective without any further consent of any other party to such Loan
Document, so long as such amendment, modification or supplement does not adversely affect the rights of any Lender or
other holder of Obligations in any material respect; or (II) provide for the grant of Liens by the Borrower and the other
Loan Parties on the Collateral pursuant to Section 8.01(ee) on an equal and ratable basis with the Liens on the
Collateral granted in favor of the Collateral Agent, for the benefit of the Loan Document Secured Parties, pursuant to the
Collateral Documents, and such amendment shall become effective without any further consent of any other party to such Loan
Document.


 


11.02       
Notices and Other Communications; Facsimile Copies.


 


(a)               
Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone
(and except as provided in clause (b) below), all notices and other communications provided for herein shall be in writing
and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows,
and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable
telephone number, as follows:


 


(i)                       
if to any Loan Party, the Administrative Agent, an L/C Issuer or a Swing Line Lender, to the address, facsimile number,
electronic mail address or telephone number specified for such Person on Schedule 11.02; and


 


(ii)                       
if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative
Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative
Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to the Borrower).


 


Notices and other communications
sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received;
notices and other communications sent by facsimile shall be deemed to have been given when sent (provided, that,
if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the
next Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent
provided in clause (b) below, shall be effective as provided in such clause (b).


 






     


     


    

 


	This Agreement was prepared by:	Moore & Van Allen PLLC
	 	100 North Tryon Street, Suite 4700
	Charlotte, NC  28202
	Attention:   Charlie J. Harris
	Phone:704.331.1000
	Email:charlieharris@mvalaw.comcharlieharris@mvalaw.com


 


(b)                Electronic
Communications. Notices and other communications to the Lenders and the L/C Issuers hereunder may be delivered or
furnished by electronic communication (including e-mail, FpML messaging and Internet or intranet websites) pursuant to
procedures approved by the Administrative Agent; provided, that, the foregoing shall not apply to notices to
any Lender or any L/C Issuer pursuant to Article II if such Lender or such L/C Issuer, as applicable, has notified the
Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The
Administrative Agent, each Swing Line Lender, each L/C Issuer or the Borrower may each, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided, that,
approval of such procedures may be limited to particular notices or communications.


 






     


     


    

 



 


Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s
receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall
be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause
(b)(i) of notification that such notice or communication is available and identifying the website address therefore; provided,
that, in each case of the foregoing clauses (b)(i) and (b)(ii), if such notice, email or other communication
is not sent during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been
sent at the opening of business on the next business day for the recipient.


 


(c)               
The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. THE AGENT PARTIES (AS
DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY
DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD-PARTY RIGHTS OR FREEDOM
FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no
event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”)
have any liability to the Borrower, any Lender, any L/C Issuer or any other Person for losses, claims, damages, liabilities or
expenses of any kind (whether in tort, contract or otherwise) arising out of any Loan Party’s or the Administrative Agent’s
transmission of Borrower Materials or notices through the Platform, any other electronic platform or electronic messaging service
or through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court
of competent jurisdiction by a final, non-appealable judgment to have resulted from the gross negligence or willful misconduct
of such Agent Party.


 


(d)               
Change of Address, Etc. Each of the Borrower, the Administrative Agent, the L/C Issuers and the Swing Line Lenders
may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties
hereto Each other Lender may change its address, facsimile or telephone number for notices and other communications hereunder by
notice to the Borrower, the Administrative Agent, each L/C Issuer and each Swing Line Lender. In addition, each Lender agrees to
notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record: (i) an effective address,
contact name, telephone number, facsimile number and electronic mail address to which notices and other communications may be sent;
and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one (1) individual
at, or on behalf of, such Public Lender to at all times have selected the “Private Side Information” or similar designation
on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such
Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make
reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform
and that may contain material non-public information with respect to the Borrower or its securities for purposes of United States
Federal or state securities laws.


 






     


     


    

 


(e)               
Reliance by Administrative Agent, L/C Issuers and Lenders. The Administrative Agent, the L/C Issuers and the Lenders
shall be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices, Letter of Credit Applications
and Swing Line Loan Notices) purportedly given by, or on behalf of, any Loan Party, even if: (i) such notices were not made in
a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein; or (ii)
the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the
Administrative Agent, each L/C Issuer, each Lender, and the Related Parties of each of them from all losses, costs, expenses and
liabilities resulting from the reliance by such Person on each notice purportedly given by, or on behalf of, a Loan Party.


 


11.03           
No Waiver; Cumulative Remedies; Enforcement.


 


No failure by any Lender,
any L/C Issuer or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power
or privilege hereunder or under any other Loan Document 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, and provided under each other Loan
Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by applicable Law.


 


Notwithstanding anything
to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under
the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings
at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent or the Collateral
Agent, as applicable, in accordance with Section 10.01, for the benefit of all of the Lenders and the L/C Issuers, provided,
that: (a) the foregoing shall not prohibit (i) the Administrative Agent from exercising, on its own behalf, the rights and
remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents,
(ii) any L/C Issuer or any Swing Line Lender from exercising the rights and remedies that inure to its benefit (solely in
its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (iii) any Lender
from exercising setoff rights in accordance with Section 11.08 (subject to the terms of Section 2.13), or (iv) any
Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative
to any Loan Party under any Debtor Relief Law; and (b) if, at any time, there is no Person acting as Administrative Agent hereunder
and under the other Loan Documents, then (i) the Requisite Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Section 10.01, and (ii) in addition to the matters set forth in clauses (a)(ii), (a)(iii)
and (a)(iv) above and subject to Section 2.13, any Lender may, with the consent of the Requisite Lenders, enforce
any rights and remedies available to it and as authorized by the Requisite Lenders.


 






     


     


    

 


11.04           
Expenses; Indemnity; and Damage Waiver.


 


(a)               
Costs and Expenses. The Loan Parties shall pay: (i) all reasonable out-of-pocket expenses incurred by the Administrative
Agent and its Affiliates (limited, in the case of legal counsel, to the reasonable and documented out-of-pocket fees, charges
and disbursements of one (1) primary counsel for all such Persons taken as a whole and, if deemed reasonably necessary by the
Administrative Agent, of one (1) regulatory and/or local counsel to the Administrative Agent and its Affiliates in each applicable
jurisdiction retained by the Administrative Agent), in connection with the syndication of the credit facilities provided for herein,
the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall
be consummated); (ii) all reasonable out-of-pocket expenses incurred by any L/C Issuer in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder; and (iii) all out-of-pocket expenses incurred
by the Administrative Agent, any Lender or any L/C Issuer (limited, in the case of legal counsel, to the reasonable and documented
out-of-pocket fees, charges and disbursements of one (1) primary counsel for the Administrative Agent, the Lenders and the L/C
Issuers (taken as a whole) and, if deemed reasonably necessary by the Administrative Agent, of one (1) regulatory and/or local
counsel to the Administrative Agent, the Lenders and the L/C Issuers (taken as a whole) in each applicable jurisdiction and, in
the event of any actual or potential conflict of interest, one (1) additional counsel for each party subject to such conflict)
in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents,
including its rights under this Section 11.04, or (B) in connection with the Loans made or Letters of Credit issued hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans
or Letters of Credit.


 


(b)                Indemnification
by the Loan Parties. The Loan Parties shall indemnify the Administrative Agent (and any sub-agent thereof), each Arranger,
each Lender (including each Swing Line Lender) and each L/C Issuer, and each Related Party of any of the foregoing Persons (each
such Person, an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and related expenses (limited, in the case of legal counsel, to the reasonable and documented out-of-pocket
fees, charges and disbursements of one (1) primary counsel for the Indemnitees taken as a whole and, if deemed reasonably necessary
by the Indemnitees, of one (1) regulatory and/or local counsel to the Indemnitees taken as a whole in each applicable jurisdiction
and, in the event of any actual or potential conflict of interest, one (1) additional counsel for the parties subject to such
conflict, taken as a whole (provided, that, to the extent that there remains any actual or potential conflict of
interest among such Indemnitees, the Loan Parties shall indemnify for an additional counsel for each group of the parties subject
to such actual or potential conflict of interest until there no longer exists an actual or potential conflict of interest)), incurred
by any Indemnitee or asserted against any Indemnitee by any Person (including any Loan Party), other than the Indemnitee and its
Related Parties arising out of, in connection with, or as a result of, (i) the execution or delivery of this Agreement, any other
Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective
obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of
the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the
other Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal
by the applicable L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with
such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of
Hazardous Materials on or from any Property owned or operated by a Loan Party or any of its Subsidiaries, or any Environmental
Liability related to a Loan Party or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation
or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third-party
or by any Loan Party, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising,
in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee; provided, that,
such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses (A) are determined by a court of competent jurisdiction by final, non-appealable judgment to have resulted from the gross
negligence, bad faith or willful misconduct of such Indemnitee, (B) arise out of any investigation, litigation or proceeding that
does not involve an act or omission of or by any Loan Party or any of its Affiliates and is brought by an Indemnitee against any
other Indemnitee, provided, that, notwithstanding anything to the contrary in the foregoing provisions of this clause
(b)(B), such indemnity shall be available with respect to any Indemnitee to such action that was acting in its capacity as
Administrative Agent, an Arranger or other agency capacity, or (C) results from a claim brought by a Loan Party against an Indemnitee
for a material breach of such Indemnitee’s obligations hereunder or under any of Loan Document, if such Loan Party has obtained
a final, non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting
the provisions of Section 3.01(c), this clause (b) shall not apply with respect to Taxes other than any Taxes that
represent losses, claims, damages, etc. arising from any non-Tax claim.


 






     


     


    

 


(c)               
Reimbursement by Lenders. To the extent that the Loan Parties, for any reason, fail to indefeasibly pay any amount
required under clauses (a) or (b) above to be paid by them to the Administrative Agent (or any sub-agent thereof),
any L/C Issuer, any Swing Line Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the
Administrative Agent (or any such sub-agent), such L/C Issuer, such Swing Line Lender or such Related Party, as the case may be,
such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment
is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such
unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lenders’
Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought); provided,
that, the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was
incurred by or asserted against the Administrative Agent (or any such sub-agent), such L/C Issuer or such Swing Line Lender in
its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent),
such L/C Issuer or such Swing Line Lender in connection with such capacity. The obligations of the Lenders under this clause
(c) are subject to the provisions of Section 2.12(d).


 


(d)               
Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable Law, no Loan Party shall assert,
and each Loan Party hereby waives any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement,
any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any
Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in clause (b) above shall be liable
for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications,
electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions
contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct
of such Indemnitee as determined by a final, non-appealable judgment of a court of competent jurisdiction.


 


(e)               
Payments. All amounts due under this Section 11.04 shall be payable not later than ten (10) Business
Days after demand therefor.


 






     


     


    

 


(f)                 Survival.
The agreements in this Section 11.04 and the indemnity provisions of Section 11.02(e) shall survive the resignation
of the Administrative Agent, any L/C Issuer and any Swing Line Lender, the replacement of any Lender, the termination of the Commitments
and the repayment, satisfaction or discharge of all the other Obligations.


 


11.05           
Payments Set Aside.


 


To the extent that any payment by, or
on behalf of, any Loan Party is made to the Administrative Agent, any L/C Issuer or any Lender, or the Administrative Agent, any
L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is
subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement
entered into by the Administrative Agent, such L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver
or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then: (a) to the extent of such
recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and
effect as if such payment had not been made or such setoff had not occurred; and (b) each Lender and each L/C Issuer severally
agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from
or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made
at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the L/C Issuers
under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of
this Agreement.


 


11.06           
Successors and Assigns.


 


(a)               
Successors and Assigns Generally. The provisions of this Agreement and the other Loan Documents shall be binding
upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, provided,
that, the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder or thereunder without
the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its
rights or obligations hereunder, except: (i) to an assignee in accordance with the provisions of clause (b) below; (ii)
by way of participation in accordance with the provisions of clause (d) below; or (iii) by way of pledge or assignment of
a security interest subject to the restrictions of clause (e) below (and any other attempted assignment or transfer by any
party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person
(other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in
clause (e) below and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent,
the L/C Issuers and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.


 


(b)               
Assignments by Lenders. Any Lender may, at any time, assign to one (1) or more assignees all, or a portion, of its
rights and obligations under this Agreement and the other Loan Documents (including all, or a portion, of its Commitment and the
Loans (including for purposes of this clause (b), participations in L/C Obligations and Swing Line Loans) at the time owing
to it); provided, that, any such assignment shall be subject to the following conditions:


 


(i)                       
Minimum Amounts.


 


(A)             
in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or the Loans
at the time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified
in clause (b)(i)(B) below in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved
Fund, no minimum amount need be assigned; and


 






     


     


    

 


(B)             
in any case not described in clause (b)(i)(A) above, the aggregate amount of the Commitment (which, for this purpose,
includes Loans outstanding thereunder), or, if the applicable Commitment is not then in effect, the principal outstanding balance
of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent, or, if “Trade Date” is specified in the
Assignment and Assumption, as of the Trade Date, shall not be less than Five Million Dollars ($5,000,000), in the
case of an assignment of Revolving Loans, and One Million Dollars ($1,000,000), in the case of an assignment of any of the Term
Loans, unless, in each such case, each of the Administrative Agent and, so long as no Specified Event of Default has occurred
and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld, conditioned or delayed);


 


(ii)                       
Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, provided,
that, this clause (b)(ii) shall not: (A) apply to the Swing Line Lenders’ rights and obligations in
respect of Swing Line Loans; or (B) prohibit any Lender from assigning all, or a portion, of its rights and obligations among the
revolving credit facility and term loan facility provided hereunder and any separate revolving credit or term loan facilities provided
pursuant to the terms of Section 2.01(d);


 


(iii)                      
Required Consents. No consent shall be required for any assignment except to the extent required by clause (b)(i)(B)
above, and, in addition:


 


(A)            
(I) with respect to any assignment of a Revolving Commitment, the consent of the Borrower (such consent not to be unreasonably
withheld, conditioned or delayed) shall be required, unless (1) a Specified Event of Default has occurred and is continuing at
the time of such assignment, or (2) such assignment is to a Revolving Lender, an Affiliate of a Revolving Lender or an Approved
Fund of a Revolving Lender, and (II) with respect to any assignment of a Term Loan (or a Term Loan Commitment), the consent of
the Borrower (such consent not to be unreasonably withheld, conditioned or delayed) shall be required, unless (1) a Specified Event
of Default has occurred and is continuing at the time of such assignment, or (2) such assignment is to a Lender, an Affiliate of
a Lender or an Approved Fund; provided, that, in each case, the Borrower shall be deemed to have consented to any
such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after
having received notice thereof;


 


(B)             
the consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed) shall be
required for assignments in respect of: (I) any Term Loan Commitment or Revolving Commitment if such assignment is to a Person
that is not a Lender with a Commitment in respect of the Commitment subject to such assignment, an Affiliate of such Lender or
an Approved Fund with respect to such Lender; or (II) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender
or an Approved Fund;


 


(C)             
the consent of each L/C Issuer and each Swing Line Lender (such consent not to be unreasonably withheld, conditioned or
delayed) shall be required for any assignment in respect of any Revolving Commitment.


 






     


     


    

 


(iv)                      Assignment
and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee in the amount of $3,500 (for the avoidance of doubt, not to be paid by the Borrower
or any other Loan Party); provided, that, the Administrative Agent may, in its sole discretion, elect to waive such
processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative
Agent an Administrative Questionnaire.


 


(v)                      
No Assignment to Certain Persons. No such assignment shall be made: (A) to any Loan Party, or any Subsidiary or
Affiliate thereof; (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder,
would constitute any of the foregoing Persons described in this clause (b)(v)(B); or (C) to a natural Person.


 


(vi)                      Certain
Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such
assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the
assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution
thereof as appropriate (which may be outright payment, purchases by the assignee of participations or sub-participations, or other
compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro
rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee
and assignor hereby irrevocably consent), to: (A) pay and satisfy in full all payment liabilities then owed by such Defaulting
Lender to the Administrative Agent, any L/C Issuer, or any Lender hereunder (and interest accrued thereon); and (B) acquire (and
fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans
in accordance with its Applicable Percentage. Notwithstanding anything to the contrary in the foregoing, in the event that any
assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance
with the provisions of this clause (b)(vi), then the assignee of such interest shall be deemed to be a Defaulting Lender
for all purposes of this Agreement until such compliance occurs.


 


Subject to acceptance
and recording thereof by the Administrative Agent pursuant to clause (c) below, from and after the effective date specified
in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and
obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits
of Section 3.01, Section 3.04, Section 3.05 and Section 11.04 with respect to facts and circumstances
occurring prior to the effective date of such assignment; provided, that, except to the extent otherwise expressly
agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, the Borrower (at its expense) shall execute
and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement
that does not comply with this clause shall be treated for purposes of this Agreement as a sale by such Lender of a participation
in such rights and obligations in accordance with clause (d) below.


 


(c)               
Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower (and such agency
being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and
Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses
of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to,
each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register
shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose
name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register
shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable
prior notice.


 






     


     


    

 


(d)                Participations.
Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations
to any Person (other than a natural Person, a Defaulting Lender or the Borrower or any of the Borrower’s Affiliates or Subsidiaries)
(each, a “Participant”) in all, or a portion, of such Lender’s rights and/or obligations under
this Agreement (including all, or a portion, of its Commitment and/or the Loans (including such Lender’s participations
in L/C Obligations and/or Swing Line Loans) owing to it); provided, that, (i) such Lender’s obligations under
this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations, and (iii) the Borrower, the Administrative Agent, the other Lenders and the L/C Issuers shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under
this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.04(c) without
regard to the existence of any participation.


 


Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided, that,
such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
waiver or other modification described in clauses (a)(i) through (a)(vi) of Section 11.01 that affects such
Participant. The Borrower agrees that each Participant shall be entitled to the benefits of Section 3.01, Section 3.04
and Section 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to clause
(b) above (it being understood that the documentation required under Section 3.01(e) shall be delivered to the
Lender who sells the participation); provided, that, such Participant (A) agrees to be subject to the provisions
of Section 3.06 and Section 11.13 as if it were an assignee under clause (b) above, and (B) shall not
be entitled to receive any greater payment under Section 3.01 or Section 3.04, with respect to any participation,
than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such
entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable
participation. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts
to cooperate with the Borrower to effectuate the provisions of Section 3.06 with respect to any Participant. To the extent
permitted by applicable Law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were
a Lender; provided, that, such Participant agrees to be subject to Section 2.13 as though it were a Lender.
Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register
on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s
interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided,
that, no Lender shall have any obligation to disclose all, or any portion, of the Participant Register (including the identity
of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or
its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish
that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103–1(c) of the United
States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender
shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes
of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity
as Administrative Agent) shall have no responsibility for maintaining a Participant Register.


 






     


     


    

 


(e)               
Certain Pledges Any Lender may, at any time, pledge or assign a security interest in all, or any portion, of its
rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment
to secure obligations to a Federal Reserve Bank or any other central bank; provided, that, no such pledge or assignment
shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a
party hereto.


 


(f)                
Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding anything to the contrary contained
herein, if, at any time, Bank of America or any other Lender serving as an L/C Issuer assigns all of its Commitment and Loans
pursuant to clause (b) above, Bank of America or such other Lender may: (i) upon thirty (30) days’ notice to the
Borrower and the Lenders, resign as L/C Issuer; and/or (ii) upon thirty (30) days’ notice to the Borrower, resign as Swing
Line Lender, in the case of Bank of America. In the event of any such resignation as L/C Issuer or Swing Line Lender, the Borrower
shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder if such appointed Lender
so agrees; provided, that, no failure by the Borrower to appoint any such successor shall affect the resignation
of Bank of America or such other Lender as L/C Issuer or Swing Line Lender, as the case may be. If Bank of America or such other
Lender resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect
to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect
thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts
pursuant to Section 2.03(c)). If Bank of America resigns as a Swing Line Lender, it shall retain all the rights of a Swing
Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing
Line Loans pursuant to Section 2.04(c). Upon the appointment of a successor L/C Issuer and/or Swing Line Lender: (A) such
successor shall succeed to, and become vested with, all of the rights, powers, privileges and duties of the retiring L/C Issuer
or Swing Line Lender, as the case may be; and (B) the successor L/C Issuer shall issue letters of credit in substitution for the
Letters of Credit, if any, outstanding at the time of such succession, or make other arrangements satisfactory to Bank of America
to effectively assume the obligations of Bank of America with respect to such Letters of Credit.


 


11.07           
Treatment of Certain Information; Confidentiality.


 


Each of the Administrative
Agent, the Lenders and the L/C Issuers agrees to maintain the confidentiality of the Information (as defined below), provided,
that, Information may be disclosed: (a) to its Affiliates and to its Related Parties (it being understood that the Persons
to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential); (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person
or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners);
(c) to the extent required by applicable Laws or by any subpoena or similar legal process, provided, that, other
than disclosure to any Governmental Authority with regulatory authority over the Administrative Agent, any L/C Issuer, any Arranger
and/or any Lender, unless specifically prohibited by applicable Laws or court order from so doing, the Administrative Agent, the
applicable L/C Issuer, the applicable Arranger or the applicable Lender, as the case may be, shall make reasonable efforts to
notify the Borrower of any such disclosure; (d) to any other party hereto; (e) in connection with the exercise of any remedies
hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder; (f) subject to an agreement containing provisions substantially the same as
those of this Section 11.07, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in,
any of its rights and obligations under this Agreement, or (ii) any actual or prospective party (or its Related Parties, including
any risk protection provider) to any swap, derivative or other transaction under which payments are to be made by reference to
a Loan Party and its obligations, this Agreement or payments hereunder; (g) on a confidential basis to (i) any rating agency in
connection with rating the Borrower or its Subsidiaries or the credit facilities provided hereunder, or (ii) the CUSIP Service
Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with
respect to the credit facilities provided hereunder; (h) with the consent of the Borrower; or (i) to the extent such Information
(A) becomes publicly available other than as a result of a breach of this Section 11.07, or (B) becomes available to the
Administrative Agent, any Lender, any L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source
other than the Borrower. In addition, the Administrative Agent, the L/C Issuers and the Lenders may disclose the existence of
this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry
and service providers to the Administrative Agent, the L/C Issuers and the Lenders in connection with the administration of this
Agreement and the other Loan Documents, Letters of Credit and the Commitments.


 






     


     


    

 


For purposes of this
Section 11.07, “Information” means all information received from a Loan Party or any Subsidiary
relating to the Loan Parties or any Subsidiary or any of their respective businesses, other than any such information that is available
to the Administrative Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by such Loan Party or
any Subsidiary. Any Person required to maintain the confidentiality of Information as provided in this Section 11.07 shall
be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information.


 


Each of the Administrative
Agent, the Lenders and the L/C Issuers acknowledges that: (a) the Information may include material non-public information concerning
the Borrower or a Subsidiary, as the case may be; (b) it has developed compliance procedures regarding the use of material non-public
information; and (c) it will handle such material non-public information in accordance with applicable Law, including United States
Federal and state securities Laws.


 


11.08           
Set-off.


 


If an Event of Default
shall have occurred and be continuing, each Lender, the L/C Issuer and each of their respective Affiliates is hereby authorized,
at any time and from time to time, to the fullest extent permitted by applicable Law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, in whatever currency) at any time held, and other obligations (in whatever
currency) at any time owing, by such Lender, such L/C Issuer or any such Affiliate to, or for the credit or the account of, any
Loan Party against any and all of the obligations of any Loan Party now or hereafter existing under this Agreement or any other
Loan Document, to such Lender or the L/C Issuer or their respective Affiliates, irrespective of whether or not such Lender, such
L/C Issuer or such Affiliate shall have made any demand under this Agreement or any other Loan Document, and although such obligations
of the Loan Parties may be contingent or unmatured or are owed to a branch office or Affiliate of such Lender or such L/C Issuer
different from the branch office or Affiliate holding such deposit or obligated on such indebtedness; provided, that,
in the event that any Defaulting Lender shall exercise any such right of setoff: (i) all amounts so set off shall be paid over
immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.15 and, pending
such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the
Administrative Agent, the L/C Issuers and the Lenders; and (ii) the Defaulting Lender shall provide promptly to the Administrative
Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such
right of setoff. The rights of each Lender, each L/C Issuer and their respective Affiliates under this Section 11.08 are
in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their respective
Affiliates may have. Each of the Lenders and the L/C Issuers agrees to notify the Borrower and the Administrative Agent promptly
after any such setoff and application; provided, that, the failure to give such notice shall not affect the validity
of such setoff and application.


 






     


     


    

 


11.09           
Interest Rate Limitation.


 


Notwithstanding anything
to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed
the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the
Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall
be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether
the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person
may, to the extent permitted by applicable Law: (a) characterize any payment that is not principal as an expense, fee, or premium
rather than interest; (b) exclude voluntary prepayments and the effects thereof; and (c) amortize, prorate, allocate, and spread
in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.


 


11.10           
Counterparts; Integration; Effectiveness.


 


This Agreement may
be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents, and any separate
letter agreements with respect to fees payable to the Administrative Agent or any of the L/C Issuers, constitute the entire contract
among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral
or written, relating to the subject matter hereof. Except as provided in Section 5.01, this Agreement shall become effective
when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts
hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart
of a signature page of this Agreement by facsimile or other electronic imaging means (e.g., “.pdf” or
 “.tif”) shall be effective as delivery of a manually executed counterpart of this Agreement.


 


11.11           
Survival of Representations and Warranties.


 


All representations
and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection
herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been
or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative
Agent or any Lender, or on their behalf, and notwithstanding that the Administrative Agent or any Lender may have had notice or
knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or
any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.


 


11.12           
Severability.


 


If any provision of
this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable: (a) the legality, validity and enforceability
of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby; and (b) the
parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions
the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity
of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
Without limiting the foregoing provisions of this Section 11.12, if, and to the extent that, the enforceability of any provisions
in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative
Agent, the applicable L/C Issuer or the applicable Swing Line Lender, as applicable, then such provisions shall be deemed to be
in effect only to the extent not so limited.


 






     


     


    

 





11.13           
Replacement of Lenders.


 


If the Borrower is
entitled to replace a Lender pursuant to the provisions of Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting
Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require
such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents
required by, Section 11.06), all of its interests, rights (other than its existing rights to payments pursuant to Section
3.01 and Section 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that
shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided, that:


 


(a)               
the Borrower shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 11.06(b);


 


(b)              
such Lender shall have received payment of an amount equal to one hundred percent (100.0%) of the outstanding principal
of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the
other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal
and accrued interest and fees) or the Borrower (in the case of all other amounts);


 


(c)               
in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required
to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter;


 


(d)               
such assignment does not conflict with applicable Laws; and


 


(e)               
in the case of any such assignment resulting from a Non-Consenting Lender’s failure to consent to a proposed change,
waiver, discharge or termination with respect to any Loan Document, the applicable replacement bank, financial institution or Fund
consents to the proposed change, waiver, discharge or termination; provided, that, the failure by such Non-Consenting
Lender to execute and deliver an Assignment and Assumption shall not impair the validity of the removal of such Non-Consenting
Lender and the mandatory assignment of such Non-Consenting Lender’s Commitments and outstanding Loans and participations
in L/C Obligations and Swing Line Loans pursuant to this Section 11.13 shall nevertheless be effective without the execution
by such Non-Consenting Lender of an Assignment and Assumption.


 


A Lender shall not
be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the
circumstances entitling the Borrower to require such assignment and delegation cease to apply.


 


11.14           
Governing Law; Jurisdiction; Etc.


 


(a)               
GOVERNING LAW. This Agreement and the other Loan Documents and any claims, controversy, dispute or cause of action
(whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement or any other Loan Document
(except, as to any other Loan Document, as expressly set forth therein) and the transactions contemplated hereby and thereby shall
be governed by, and construed in accordance with, the Law of the State of New York.


 






     


     


    

 





(b)                SUBMISSION
TO JURISDICTION. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR
PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE
AGENT, ANY LENDER, ANY L/C ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT, OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY OTHER FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING
IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM
ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES
THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT
OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT
IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN
ANY OTHER MANNER PROVIDED BY APPLICABLE LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT
THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.


 


(c)                WAIVER
OF VENUE. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION
THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN CLAUSE (B) ABOVE. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION
OR PROCEEDING IN ANY SUCH COURT.


 


(d)                SERVICE
OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION
11.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED
BY APPLICABLE LAW.


 


11.15           
Waiver of Right to Trial by Jury.


 


EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO: (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT
OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER; AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO
THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 11.15.


 






     


     


    

 


11.16           
Electronic Execution.


 


The words “delivery”,
 “execute”, “execution”, “signed”, “signature”, and
words of like import in any Loan Document or any other document executed in connection herewith shall be deemed to include electronic
signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative
Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability
as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be,
to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures in Global and National Commerce
Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic
Transactions Act; provided, that, (i) notwithstanding anything contained herein to the contrary the Administrative
Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by
the Administrative Agent pursuant to procedures approved by it, and (ii) without limiting the foregoing, upon the request of the
Administrative Agent, any electronic signature shall be promptly followed by such manually executed counterpart.


 


11.17           
USA PATRIOT Act.


 


Each Lender that is
subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies
the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107–56 (signed into law October
26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower,
which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative
Agent, as applicable, to identify the Borrower in accordance with the Act. The Borrower shall, promptly following a written request
by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such
Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money
laundering rules and regulations, including the Act.


 


11.18           
No Advisory or Fiduciary Relationship.


 


In connection with
all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification
hereof or of any other Loan Document), the Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding,
that: (a) (i) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Arrangers, and
the Lenders are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the Administrative
Agent, the Arrangers and the Lenders on the other hand, (ii) the Borrower has consulted its own legal, accounting, regulatory
and tax advisors to the extent it has deemed appropriate, and (iii) the Borrower is capable of evaluating, and understands and
accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) each
of the Administrative Agent, the Arrangers and the Lenders is and has been acting solely as a principal and, except as
expressly agreed in writing by the relevant parties, has not been, is not and will not be acting as an advisor, agent or fiduciary,
for the Borrower or any of Affiliates or any other Person, and (ii) none of the Administrative Agent, the Arrangers and the Lenders
has any obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other Loan Documents; and (c) the Administrative Agent, the Arrangers and the
Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from
those of the Borrower and its Affiliates, and none of the Administrative Agent, the Arrangers and the Lenders has any obligation
to disclose any of such interests to the Borrower or its Affiliates. To the fullest extent permitted by applicable Law, the Borrower
hereby waives and releases, any claims that it may have against the Administrative Agent, any of the Arrangers or any Lender with
respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated
hereby.


 






     


     


    

 


11.19           
Acknowledgment and Consent to Bail-In of Affected Financial Institutions.


 


Notwithstanding anything
to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any party hereto that is an Affected Financial Institution arising under any Loan Document,
to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution
Authority and agrees and consents to, and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion
Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party
hereto that is an Affected Financial Institution; and (b) the effects of any Bail-In Action on any such liability, including, if
applicable, (i) a reduction in full or in part or cancellation of any such liability, (ii) a conversion of all, or a portion of,
such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or
a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership
will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document,
or (iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of
the applicable Resolution Authority.


 


11.20           
Acknowledgement Regarding Any Supported QFCs.


 


To the extent that
the Loan Documents provide support, through a guarantee or otherwise, for any Swap Obligation or any other agreement or instrument
that is a QFC (such support, “QFC Credit Support”; and each such QFC, a “Supported QFC”),
the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation
under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together
with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”)
in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents
and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or
any other state of the United States.


 


In the event that
a Covered Entity that is a party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding
under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any
interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in Property securing such Supported
QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective
under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and
rights in property) were governed by the laws of the United States or a state of the United State. In the event that a Covered
Party, or a BHC Act Affiliate of a Covered Party, becomes subject to a proceeding under a U.S. Special Resolution Regime, Default
remedies under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised
against such Covered Party are permitted to be exercised to no greater extent than such Default remedies could be exercised under
the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States
or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of
the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported
QFC or any QFC Credit Support.


 






     


     


    

 



 


11.21       
Amendment and Restatement.


 


The parties hereto
agree that, on the Effectiveness Date, the following transactions shall be deemed to occur automatically, without further action
by any party hereto: (a) the Existing Credit Agreement shall be deemed to be amended and restated in its entirety pursuant to this
Agreement; (b) all Obligations under the Existing Credit Agreement outstanding on the Effectiveness Date shall in all respects
be continuing and shall be deemed to Obligations outstanding hereunder, except as modified hereby; and (c) all references in the
other Loan Documents to the Existing Credit Agreement shall be deemed to refer without further amendment to this Agreement.


 


11.22       
Waiver of Notice Period and Breakage Costs.


 


Each Lender that is
a party to the Existing Credit Agreement waives: (a) the notice period required under the Existing Credit Agreement for the submission
of a notice of repayment of the loans outstanding under the Existing Credit Agreement on the Effectiveness Date; and (b) its right
to receive compensation under Section 3.05 of the Existing Credit Agreement in connection with the repayment of the loans outstanding
under the Existing Credit Agreement on the Effectiveness Date.


 


11.23       
Reallocation.


 


The Administrative
Agent, the Borrower and the Lenders hereby acknowledge and agree that the Commitment amount(s) of each Lender as set forth on Schedule
I is/are the Commitment amounts of such Lender as of the Effectiveness Date, with the reallocation of Loans outstanding under
the Commitments of the Lenders as they existed immediately prior to the Effectiveness Date having been made per instructions from
the Administrative Agent, and neither any Assignment and Assumption nor any other action of any Person is required to give effect
to such Commitments as set forth on Schedule I.


 


[SIGNATURE PAGES INTENTIONALLY OMITTED]